Bloomberg Tech Oracle’s Huge Bond Sale, Musk Eyes SpaceX and xAI Combo
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Feb 2, 2026 Daniel Payne, Chief Investment Officer at Slate Stone Wealth, offers investor-focused takes on Disney and consumer macro trends. He discusses Disney’s parks strength and streaming profitability. The conversation also covers Oracle’s massive bond and equity raise to fund cloud capacity and talks about Elon Musk’s reported plans to combine SpaceX with xAI.
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Parks Drive Disney's Profit Engine
- Disney's parks and cruise division now provides the bulk of the company's profit and operating leverage.
- Investors worry about near-term international travel volatility and rising costs despite record parks sales.
Board Likely Picks Parks Chief As CEO
- The board is expected to name Josh DeMauro, parks head, as Bob Iger's successor this week.
- That choice reflects how experiences (parks/cruises) now dominate Disney's profit mix and strategic focus.
Position For Summer Demand Catalysts
- Expect consumer stimulus and large events to lift discretionary travel and park visits this summer.
- Position for potential recovery in Disney's experiences revenue if consumer refunds and events boost travel.