Bloomberg Intelligence

Bloomberg Intelligence: Disney Earnings, Tesla Layoff Fears

Feb 9, 2024

Geetha Ranganathan recaps Disney earnings, Alison Williams discusses UBS earnings, Steve Man talks about Tesla layoff fears, Christopher Ciolino discusses Caterpillar earnings, Deborah Aitken discusses Estee Lauder workforce cuts, and Michael Halen talks about how the Mideast war is affecting McDonald's sales.

38:01

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Quick takeaways

Estee Lauder is implementing a restructuring plan to improve profitability by cutting jobs and reducing costs.

McDonald's experienced weaker sales growth due to the impact of the Israel-Hamas War in the Middle East market and consumer weakness in the United States.

Deep dives

Estee Lauder's Restructuring Plan

Estee Lauder is undertaking a restructuring plan to make the company more profitable. The plan includes cutting as many as 3,000 job positions and raising $500-700 million in cost savings. The company aims to bring in $1.4 billion through 2025 and 2026, primarily in operating profitability. The restructuring plan is a response to plummeting sales in Asia, which have negatively impacted Estee Lauder's revenue and profits.

Introduction

2min

Disney's Strong Theme Park Performance

14min

Timeline for EV Adoption and Overcoming Decision-Making Biases

2min

The Impact of Pop Culture and Charging Infrastructure for Electric Vehicles

8min

Current State of Big Industrial Companies and the Impact of Downturn

2min

McDonald's Earnings and Market Analysis

3min

Franchise Growth and Market Share in the Restaurant Industry

4min

Estee Lauder's Restructuring Plan and Challenges in the Luxury Market

5min

Expectations of Revenue Growth and Restructuring Program for SDA Lauder

2min

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.

Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, joins to recap Disney earnings. Alison Williams, Bloomberg Intelligence Senior Analyst, Global Banks and Asset Managers, discusses UBS earnings. Steve Man, Bloomberg Intelligence Global Autos and Industrials Research Analyst, joins to talk about Tesla stoking fears of layoffs. Christopher Ciolino, Bloomberg Intelligence Senior US Machinery Analyst, discusses Caterpillar earnings. Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, talks about why Mideast war is hurting McDonalds sales. Deborah Aitken, Bloomberg Intelligence Senior Analyst: Global Luxury Goods, Home, Beauty and Personal Care, discusses Estee Lauder plans to cut up to 5% of its workforce.

The Bloomberg Intelligence radio show with Paul Sweeney and Alix Steel podcasts through Apple’s iTunes, Spotify and Luminary. It broadcasts on Saturdays and Sundays at noon on Bloomberg’s flagship station WBBR (1130 AM) in New York, 106.1 FM/1330 AM in Boston, 99.1 FM in Washington, 960 AM in the San Francisco area, channel 121 on SiriusXM, www.bloombergradio.com, and iPhone and Android mobile apps. Bloomberg Intelligence, the research arm of Bloomberg L.P., has more than 400 professionals who provide in-depth analysis on more than 2,000 companies and 135 industries while considering strategic, equity and credit perspectives. BI also provides interactive data from over 500 independent contributors. It is available exclusively for Bloomberg Terminal subscribers.

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