Bloomberg Businessweek
Actors Strike Ends After 118 Days as Studios, Union Reach Deal
Nov 9, 2023
Hollywood strike ends after 118 days with a billion-dollar deal. False picture of market's health due to strength of mega-cap stocks. Pushback against criticism of big tech companies profiting from AI. Low success rate of active fund managers. Concerns about Fed's policies. Opportunities and challenges for Starbucks. Nancy Tangler's bullish perspective on Amazon's cloud business.
39:58
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Quick takeaways
- The SAG-AFTRA union and Hollywood studios reached an agreement to end the 118-day film and TV strike.
- Nancy Tengler believes that Starbucks has the potential to be a great growth company again, focusing on China growth, delivery improvement, product innovation, and labor issues.
Deep dives
The Fed's rhetoric and its impact on the market
Nancy Tangler expresses disappointment in the Fed's rhetoric, stating that Chairman Powell's policies have been wrong and that their backward-looking focus on data creates unnecessary volatility.
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