Bloomberg Surveillance

Bloomberg Surveillance TV: August 7, 2024

Aug 7, 2024

Hugh Johnston, the CFO of Disney, shares insights on the company's mixed financial results, revealing challenges in theme parks while celebrating a streaming profit. Michael Darda, a chief economist, discusses his predictive call regarding the end of the soft landing amid soft jobs data. William Dudley, former New York Fed President, explores the Fed's ongoing challenges and his latest op-ed. Nouriel Roubini delves into the changing dynamics between the Fed and Treasury, raising concerns about economic uncertainty and investment strategies.

29:49

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Quick takeaways

Disney's mixed 3Q results highlight the importance of providing quality content to maintain pricing power in a challenging streaming market.

Shifts in consumer spending behavior are impacting theme park performance, necessitating adaptation from businesses to enhance customer engagement and offerings.

Deep dives

Market Insights and Trends

The current market conditions reflect rising concerns regarding consumer spending and business performance. Many companies are experiencing a decline in pricing power and a drop in sales, which has sparked discussions on how these factors impact pricing strategies, particularly in the streaming industry. Despite challenges, some businesses, like Disney, believe that the value they provide through quality content enables them to increase prices without losing customers. This trend highlights the importance of delivering significant consumer value to maintain pricing power in a competitive market.

Intro

2min

Streaming and Theme Parks: Current Trends

6min

Negotiations and Market Trends Affecting Business Resilience

4min

Navigating Economic Uncertainty

15min

Insights on Economic Developments and Market Strategies

2min

Implications of Cooling Labor Market on Federal Reserve Policy

2min

Fed Strategies Amid Economic Uncertainty

5min

-Hugh Johnston, Disney CFO
-Michael Darda, Roth MKM Partners Chief Economist and Macro Strategist
-William Dudley, Fmr. New York Fed President & Bloomberg Opinion Columnist
-Nouriel Roubini, Atlas America Fund Portfolio Manager, Roubini Macro Associates CEO & NYU Professor Emeritus

Disney CFO Hugh Johnston discusses the entertainment giant's mixed 3Q results that showed weakness in its theme parks division offsetting its first-ever profit in streaming. Michael Darda of Roth MKM discusses his clairvoyant call from before Friday's soft jobs data that outlines an end to the soft landing. Former New York Fed President Bill Dudley discusses his new op-ed, "The Fed's Wild Ride Has Only Just Begun" alongside Mohamed El-Erian of Queens' College, Cambridge. NYU Professor Emeritus Nouriel Roubini explains the evolving dynamic between the Fed and US Treasury.

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