…which is bigger than their streaming, direct-to-consumer and their entire studio (movie production) businesses put together. So much media focus on the launch of Disney+, which brought Disney 30 million paying subscribers in just a few months. But, 30m @ $7 a month works out at around $2.5bn a year, or just under 4% of Disney’s revenue. Just a friendly reminder … Read more
by JealousEntrepreneur There are reports that empty factories are running their engines to make it look like they’re operating again. Here some interesting excerpts from the article: (Bloomberg) — The pressure to get China back to work after the coronavirus shutdown is resurrecting an old temptation: doctoring data so it shows senior officials what they … Read more
The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all fell more than 10% last week, their biggest weekly declines since October 2008. The decline’s swift nature prompted some calls for a capitulation rebound. However, strategists at JPMorgan, Citi and Goldman Sachs think there hasn’t been enough pain in the market yet for such … Read more
Oooh, he’s really gonna cost Trump some votes with this one! https://twitter.com/Mike2020/status/1230924887809757184 WTF that’s an incredibly stupid waste of money. Nobody is dumb enough to change their opinion based on choice of steak… AC
BREAKING: Italy has reported a 50% surge in new #coronavirus infections, jumping from 1,128 to 1,694 in just one day, according to Italian Civil Protection chief Angelo Borrelli pic.twitter.com/j1WolmfLDE — Bloomberg Originals (@bbgoriginals) March 1, 2020 France cases more than doubled in 24 hours. #Coronavirus — EndGameWW3 🇺🇸 (@EndGameWW3) March 1, 2020
by arzt506 Last weekend I posted explaining how VIX was building huge pressure and peeps were gonna get wasted (https://www.reddit.com/r/wallstreetbets/comments/f85rkh/volatility_plays/). This week the VIX hit its highest point in almost 9 YEARS and whaddya know… this weekend we’re treated to a ton of converted gaylords who bought their puts on Friday morning hyping up every possible piece … Read more
by Charles Hugh-Smith Force cannot restore legitimacy, trust or confidence, nor can it magically erase the consequences of a still-unfolding national trauma. The Chinese authorities threatening to punish workers who refuse to return to work are getting a lesson in the limits of force in an unprecedented national trauma: a bayonet in the back will not … Read more
by DontMicrowaveCats It’s a necessary evil right now…but nobody should be happy about it. I see a lot of people in here practically cheering as countries ban flights and airlines cancel routes. It appears many think the airline executives are the only people benefitting from keeping them operating…and profit is the only consideration when canceling … Read more
https://www.cnn.com/2020/02/29/tech/elliott-twitter-jack-dorsey-replace/index.html What kind of shake up would this create in the social media world? Twitter has long been the subject of angst and frustration by groups of users for the way they handle differing opinions on the platform. Elliot Management is known to have been a major supporter of the Trump administration. Could this be … Read more
by JackyReacher So I made a little chart for you, because I can’t stomach the stupid “pRicEd In aLrEaDy” anymore. S&P500 In the last several weeks we saw basically two corrections. The first one was when millions of Chinese were put into quarantine. The S&P500 dropped by 3% and a couple days later, achieved its … Read more
Companies have endured financial meltdowns, civil wars and natural disasters. But nothing in modern memory has dented both demand and supply so quickly for so many industries as the coronavirus. The virus, which has infected more than 85,000 people, has quickly spread through Asia and Europe, disrupted global travel and hobbled supply chains that churn … Read more
“We could fill an entire note with indicator extremes and statistics. Perhaps the most remarkable is the Dow Jones Composite took just ten trading days to go from a 52-week high to a 52-week low. That is by far the fastest on record going back to the 1930s.” – @jkrinskypga pic.twitter.com/3cs3hDyYsc — Carl Quintanilla (@carlquintanilla) … Read more
by UPFINA As we learned from Mandelbrot, markets are volatile. If returns were normally distributed, we’d never see corrections like what just occurred in the past week. The stock market has outdone itself as this correction from a record high has been the quickest since 1928. This was the worst weekly decline since 2008. Since 1915, … Read more
Three minutes. Three minutes of watching and listening to billionaire businessman and former New York City Mayor Michael Bloomberg pontificate on why he is a much better leader to handle the coronavirus. Three minutes. In prime time. That’ll give folks time to let the dog out, fix a snack from the fridge, see what’s on … Read more
Mini mike has predator drones for you. ‘Bang-bang-bang’: Bloomberg says he’d DRONE his critics & shield banks if elected president in leaked audio 25 Feb, 2020 03:02 / Updated 5 days ago Billionaire Democratic hopeful Michael Bloomberg vowed to “defend the banks” and jokingly suggested that he may hunt down his political rivals with Predator … Read more
First world leader to ban flights from china. Closing southern border Stopping flights from Italy, Iran and other infected countries Meeting with pharma on fast tracking drugs and therapeutics Clarified Hoax comment. Ordered 43 million Masks for Americans Meeting with states governors. Fast Tracking new tests to and from CDC Safety and Health above hurting … Read more
On 31 January, POTUS issued the following travel restrictions: Proclamation on Suspension of Entry as Immigrants and Nonimmigrants of Persons who Pose a Risk of Transmitting 2019 Novel Coronavirus https://publicpool.kinja.com/subject-proclamation-on-suspension-of-entry-as-immigra-1841396262 Biden responded that President Trump’s travel restrictions were xenophobic and fearmongering: -50% China Joe Accuses President Trump of “Fearmongering” Coronavirus Due to Suspension of Entry… … Read more
Hey *Globalists*, next time you shoot refugee propaganda make sure your film crew isn't in the shot too. Btw her first take was better pic.twitter.com/KALRCi4WxL — Judge (@V8POW) February 29, 2020 The Guardian journalists caught filming refugee propaganda. The article in question is here – https://www.theguardian.com/world/video/2020/feb/29/refugees-arrive-lesbos-turkey-opens-border-video Isn’t it also a bit odd that the refugees all … Read more
That microbiology award from MIT that AOC is bragging about was second place at a high school science fair 😂😂😂😂😂 pic.twitter.com/hhivMZqee1 — Cabot Phillips (@cabot_phillips) February 28, 2020 It’s amazing that it’s a real tweet. When I first saw it, I was sure it was a parody. But she really posted it! Goodness, but the … Read more
