The Rundown Disney's Cable TV Biz Dents Profits, Firefly Surges on Plan to Resume Rocket Launch
Nov 13, 2025
The market gets a snapshot with a focus on the struggles of the Dow amid broader trends. Disney’s latest earnings reveal a dip in cable profits but a rise in streaming subscribers. Anthropic makes waves with a massive investment in data centers, while Cisco continues to thrive thanks to AI demand. Exciting news from Firefly Aerospace as they plan to resume rocket launches after setbacks. Plus, Waymo rolls out driverless highway rides, marking a new era in transportation!
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Dow Misleads Market Signals
- The Dow is a narrow, price-weighted index that misrepresents the market's health.
- Zaid argues it gives outsized influence to high-priced stocks like Goldman Sachs over giants like Apple.
Shutdown May Erase Key Economic Data
- The government shutdown's data gap may permanently erase October jobs and CPI reports.
- The BLS says it will resume operations, but officials fear some statistics might never be published.
Disney's Old TV Business Drags Results
- Disney beat profits but missed revenue due to a collapsing cable TV business and weak movie box office.
- Streaming and parks are strong, but distribution fights and big movie costs produce short-term uncertainty.