>>> > > > GREETINGS EVERYONE, IT ‘ S 9:00 A.M. BELOW IN NEW YORK CITY CITY. THIS IS “” YAHOO MONEY LIVE.”” BELOW” S WHAT WE ‘ RE>> WATCHING THIS EARLY MORNING. > > > THE MARKETPLACES ARE DONE IN ON EVERYTHING RAL-TECHNOLOGY, BONDS, BITCOIN ALL HAVING A BIG MONTH, BUT HOW MUCH TIME CANISTER THE MOMENTUM CARRY? AS WE LOOK LISTENED TO TO THE NEXT PHASE FOR THE MELT UP. > > > THE TESLA CYBERTRUCKS ARE RIGHT HERE. WILL CERTAINLY THE PRICE TAG PUT A DENT POPULAR. >>> > > > DISNEY REINFORCING ITS BOARD WITH 2 BRAND-NEW APPOINTMENTS AND BRING BACK THE RETURNS AFTER A REE-AR SUSPENSION. BOB IGER, NELSON PELLETS JOCKEYS TO GAIN MORE CONTROL AT THE BUSINESS. >>> > > > NOVEMBER CERTAINLY WAS A SOLID MONTH FOR SUPPLIES. THE MARKET RALLIED WITH ALL THREE OF THE MAJOR AVERAGES COVERAGE THEIR BIGGEST MONTHLY GAINS FOR THE YEAR. TECH STOCKS WERE IN FAVOR AS SOON AS ONCE MORE. AND NATURALLY THE S&P ‘ S PREMISANCE GIVEN THAT PANTS WAR, A LOT OF IT FOCUSED AROUND THE SPECTACULAR SEVEN STOCKS. HISTIC HAS A TENDENCY TORE A SOLID MONTH FOR INVESTORS. LOOKING HEAL, THERE CERTAINTY ARE A VARIETY OF RISKS, INCLUDING THE GOVERNMENTAL POLITICAL ELECTION SHOWING UP, AND THE STRESS OVERSEAS, BUT BRAD, Y WAN TO BEGIN WITH THE OPTIMISM WE HAVE SEEN PLAY OUT.WE ‘ RE GOING TO DISCUSS THE FOMO RALLY HERE IN JUST A MIN. THE NASDAQ, S&P REPORTING ABOUT THE STRONGER MONTHS THEY HAVE SEEN IN ABT A AR. A LOT OF IT WILL CERTAINLY REVOLVE AROUND FED-SPEAK, I BELIEVE. THE JS RECORD NEXT WEEK WILL CERTAINLY HAVE A GLANCE RIGHT INTO HOW RESILIENT THE MARKETPLACE COULD HAVE BEEN. THERE” S A GREAT DEAL OF QUESTIONS IF WE” LL SEE STAMINA THERE, AS THE ECONOMY REMAINS TO WEAKEN SIMPLY A LITTLE BIT OR CONCERNS OF IT WEAKENING SIMPLY A BIT, I OUGHT TO SAY. AND EX 2024 ESTIMATES FOR NEXT YEAR ARE SPLIT MUCH ALL OVER THE PLACE.
>> > > I BELIEVE THAT PUTS ME IN THE GRINCH POSITION RIGHT HERE. I WOULD REALLY BEGIN WITH WHAT YOU STATED A MOMENTAL. THE FED COULD CLEARLY COME OUT BELOW, COMPARABLE TO MARY DALY YESTERDAY, WITH COOL WATER AND SAY DON” T HOLD YOUR BREATH FOR A PRICE CUT. IF THAT ‘ S THE INSTANCE, THESE MARKETS ALREADY IN WAIT-AND-SEE MODE FOR WHAT THE DATA-DEPENDENT FED IS SEEING IN THE INFLATIONARY IMAGE. THAT” S A 2025 TARGET HERE.AS WE GET INVOLVED IN 2024 AS WELL, THAT” S WHAT THE FED HAS BEEN ABLE TO LEAN ON UP TO THIS TIME. I BELIEVE YOU’HAVE WHAT ‘ S DEVELOPING IN REQUISITES OF THE CEOs Around, AMONG THE BIGGEST HEADWINDS TO THEIR OWN THREE-YEAR GROWTH ESTIMATES, AND IT” S GEOPOLITICAL UNCERTAINTIES. AS THAT STICKS AROUND, YOU” LL LISTEN TO EVEN MORE ABOUT COST DISCIPLINE. I WOULD LIKEWISE INCLUDE YOU THROW IN AN A A.I., WHEN SOME OFTHE COMPANIES WILL CERTAINLY NOT HAVE THE ABILITY TO DELIVER ON EVERY LITTLE THING THEY WERE CHATTING ABOUT. SOME OF THE FINANCIERS WILL WAKE DAY, THAT ARTIFICIAL PLAY, SOME OF THEN THAT HAVE TO HANDLE FOOD AND DRINK AREA, WILL NOT SEE THE EXACT SAME FLOW-THROUGH RECIPIENT, THEREFORE THAT, I BELIEVE WILL CERTAINLY BE AMONG THE LARGER CONCERNS.I ‘ M SIRE, I” M GOING TO REMOVE MY PESSIMISM. I WANT TO ENJOY BELOW. I SIMPLY NEEDED TO TAKING THE OPPOSITE SIDE OF THE DISCUSSION BELOW. FOMO APPEARS TO VE TAKEN OVER THE CURRENT RALLY, AS WORRIES REGARDING HIGH RATES APPEAR TO BE TAPERING AWAY. MEME STOCKS? >> > > MEME STOCKS ARE BACK. YOU” RE BEING REALLY NEGATIVE, SO I” M GOING TO SHOW YOU A >> >’> I ‘ M IN A GREAT MOOD TODAY, BUT I WAS TAKING A
>> APPEARANCE. > > I DESIRE TO LOOK AT A FEW OF THESE’STOCKS THAT WERE BIG. WE ‘ RE CALLING IT THE FOMO PROFESSION, THE S&P ALMOST UP 20%, IESTORS WISH TO GET IN. THEY” RE GOING TO SHOT TO OBTAIN INTO SOME OF THESE LABELS THAT PLACE” T NECESSARILY RALLIED. WHEN YOU CONSIDER SOMETHING LIKE REGIONAL BANKING, YOU CHECK OUT CATHIE TIMBER” S ARC ADVANCEMENT FUND, IT” S UP ABOUT 50 %ON THE YEAR NOW.SO SOME SUPPLIES HADN” T HAD A WONDERFUL RUN. THAT BIG TICK UP IN NOVEMBER QUITE A RUN FOR ARK THERE. ORIGINALLY IT WASN” T GAMESTOP. WE ‘ RE TALKING ABOUT THE ROUND HILL ETF, WHICH I BELIEVE IT IN FACT GOING TO BE CLOSING, BUT AMONG HOLDINGS THERE WAS COINBASE. WERE TALKING ABOUT THE ACTUAL MEME ETF ITSELF. WE” RE STARTING TO TALK ABOUT DANGER CUTS WHEN WE GETNTOOME OF THIS THREAT. THAT” S WHAT WE SAW FROM THE PROFESSION OVERALL, BUT A FEW DAYS AGO, I WAS WRITING THAT GAMESTOP WAS UP 20%. >> > > IT COULD BE A DAILY TYPE OF POINT IN STIPULATIONS OF THE STORY. YOU” VE HAD A NUMBER OF PIECES OUT A SOFT LANDING AND PERHAPS THE REALITY WE” LL HAVE THE ABILITY TO BROWSE THERE. THERE” S BEEN A HANDFUL OF CALLS OUT, SAYING THAT HEAD OF STATE S&P 500 IS GOING TO HIT THAT MARK BY AN JPMORGAN IS RAISING SOME ISSUES POSSIBLY WHY WE SHOULD BE MORE CYNICAL GOING RIGHT INTO THE NEW YEAR.FROM THE STRATEGISTS YOU ‘ VE BEEN TALKING TO, HOW UNDECIDED ARE THEY WHEN IT INVOLVES THIS UNCERTAINTY? CERTAINLY WE COULD ADJUSTMENT COURSE. > > IT ‘ S INTERESTING. >> IN 2014 EVERYONE WAS WORRIED. EVERYBODY INTENDED TO SPEAK ABOUT SEVERAL OF THE IMPORTANT THINGS THAT JPMORGAN HIGHLIGHTED WHEN THEY CALLED– WAS IT 4200? AND BASICALLAT OR LOWER, RIGHT? THEY ARE KIND OF HIGHLIGHTING THE RECESSION THREAT, AND I ASSUME THE BULLS REALLY FEEL EVEN MORE COMFORTABLE SAYING WE ‘ VE BEEN LISTENING TO THAT FOR A YEAR.’WE ‘ VE BEEN LISTENING FOR A YEAR THAT’THE CONSUMER IS GOING TO SLOW DOWN, THAT CERTAIN PARTS OF THIS MARKET ARE GOING TO REALLY OBTAIN HAMMERED, SO I THINK INDIVIDUALS FEEL EVEN MORE SELF-CONFIDENCE IN THAT, IN ESSENTIALLY PHRASE, ALL RIGHT THE ECONOMIC SITUATION INDICATIONS HAVE LARMGLY HELD UP. PERHAPS WE CAN AVOID AND SKIRT THAT RECESSION. POSSIBLY IT ‘ S SIMPLY J.P.MORGAN RUBBING OFF ON ME THIS WEEK’. IT
‘ S THEIR FAULT. > > > ALL. JOSH, THANK A LOT. >>> > > > LET ‘ S PROCEED TOALK CONCERNING THE>> RECENT MARKET PERFORMANCE. A NEW MONTH AND NEW OUTLOOK FOR BRAND-NEW STRATEGISTS ROLLING OUT THE 2024 FORECAST, AND WALL STREET PATIENTLY LOOKING TO SEE WHAT COULD BRING THE MOMENTUM TO THE DISADVANTAGE BELOW. NOW CHARLES SCHWAB ‘ S LIZ ANN SONDERS COULD MEAN THE DISCOMFORT COULD BE AHEAD, BUT THAT DOESN ‘ T MEAN STOCKS WILL CERTAINLY NOT BATTLE VIA THE YEAR. > > > WE INTEND TO BRING INIS ANN SONDERS. LIZ ANN, WONDERFUL TO SEE >>> YOU. ALLOW ‘ S TALK ABOUT THE DRIVING ELEMENT FOR EQUITIES NEXT YEAR.WHAT ‘ S AT THE TOP OF YOUR LIST IN TERMS OF WHAT YOU ‘ RE VIEWING? > > THINK THE RELOCATION DOWN HAS BEEN IMPORTANT FOR THE YIELD’THAT STARTED THE IMPROVEMENT IN LATE OCTOBER, SO I THINK THE BOND MARKET, TO SOME LEVEL, REMAINS IN THE DRIVER ‘ S SEAT, BUT OBVIOUSLY, I BELIEVE THE RALLY IS ALSO BASED ON WHAT IS THE PRESENT CHANCE OF RAT CUTS BEGINNING AT SOME POINT IN THE FIRST HALF OF THE YEAR, PERHAPS EVEN THE FIRST QUARTER. I THINK THAT ‘ S PREMATURE. CHANCES AROUND RATE CUTS HAVE BEEN A MOVING TARGET FOR QUITE SOME TIME. IT AS EXPECTED THAT THE FED, AS WE CHATTED NOW, WOULD ALREADY HAVE BEEN IN CUTTING ELECTRIC MOTOR, AND THAT WAS CLEARLY NOT THE CASE.I THINK THE LABOR MARKET WILL ASSIST SUPPLY QUALITY FOR THE FED. I LIKEWISE ASSUMES THAT NEARER TERM ECONOMIC WEAKNESS, EVEN A STATED ECONOMIC DOWNTURN, STRANGELY IS PROBABLY THE BETTER SCENARIO FOR THE ECONOMIC CLIMATE, FOR THE FED, FOR THE EQUITY MARKET, THAN A RECESSION THAT GETS PUSHED FURTHER OUT. > > I SUGGEST, THAT RATES NEWS TO MY EARS THIS MORNING, LIZ ANN. INDIVIDUALS JUST HAVE RECESSION >> TALK EXHAUSTION, AND WE ‘ RE WAITING ON COMPLETION OF OUR CHAIRS, WHEN IS THIS GOING TO OCCUR? > > SO, ALL OF THIS AND A STARRED DATE GIV TO United States ALWAYS COMES AFTER THE TRUTH. > > RIGHT, IN ONCE >> WE FOUND OUT THE END DAY, THEN THEY PROCLAIMED IT, WE WERE ALREADY OUT OF THE RECESSION. > > I ASSUME WHAT THE FED, THE ACTIVE INGREDIENTS ARE LIKELY NOT SIMPLY TO REMAIN IN PAUSE MODE. >> PIVOT TO RATE CUTS. > > THEY KNOW THAT ‘ S A LAG IN REGARD TO THE OFFICIAL NATURE OF IT. > > SO INFLATION CONTINUING >> TO FIND DOWN, TOGETHER WITH MORE LOOSENING IN THE LABOR MARKET.
>> WHEN YOU HAVE THE MIXES OF THOSE TWO, AFTER THAT I THINK THE FED MIGHT BEGINNING TO TELL GRAPH THAT, BUT– ASSESS THE SUPPOSED LONG AND VARIABLE LAGS. > > I ASSUME A GREAT DEAL OF INVESTORS ARE LOOKING TO FIGURE OUT THE MOST EFFECTIVE EVALUATING TO PLAY THIS MARKET WE ‘ VE> SEEN SOME EX LOVER EXCITEMENT. > > IN THE PASSION OF SEEING A BROADENING OUT, HOWEVER, WHAT IT IS RUSSELL INDEX IS THE THE MAJORITY OF COMMON SMALL-CAP BENCHMARK THAT ‘ S USED, BUT THERE ‘ S THE S&P 600. THERE ‘ S 40%OF THOSE SUPPLIES THAT ARE NOT SUCCESSFUL. 31%OF THOSE ARE ZOMBIE’COMPANIES VERSUS THE S&P 600 THAT HAS’An EARNINGS– AND IT ‘ S TRADING AT A MULTIPLE OF ABOUT 8 OTHER 9 FACTORS LOWER. > > > I&REQUIRED A TOP CONCEPT WHAT ‘ S YOUR TOP IDEA? >’> DISCIPLINE. I BELIEVE THIS IS THE TYPE FOR SELF-CONTROL, RISK MONITORING. > > > THANK YOU A LOT FOR’YOUR TIME. > > THANKS. > > > TLSA, SHARES ARE DIPPING FOLLOWING THE BUSINESS ‘ S BIG CYBERTRUCK EVENT IN AUSTIN, TEXAS, ON THURSDAY MID-DAY. >>> CYBERREACHED THAT TOP SETTING. THATAS THE IDEAL GAS MILEAGE ARRAY RIGHT HERE, BUT I THINK BY SURPRISE THAT THIS WASN ‘ T NECESSARILY GOING TO BE LOOKED AT, OR AT LEAST TRIED TO BE GIVEN THE APPEAL OF WHAT WOULD POTENTIALLY BE MIRRORING’A F-SERIES SORT OF ACQUISITION, OR AT LEAST MASS MARKET ALLURE FOR A TRUCK IN THE SAME PRICE VARIETY. > > THIS IS NOT THAT. THIS IS A LUXURY LORRY ADDITION THAT HE ADDED THIS INN ENVIRONMENT THAT ‘ S ALREADY HARDER TO> FINANCING, AT THE VERY LEAST AS LON AS THOSE POINT ARE, THAT AFTER THAT ENTERED AND PAY TO SIMPLY PROGRESS WITH THAT DELIVERY. IC SEEING THE KIND OF DEN IN THE BROADER TRUCK LORRY LANDSCAPE GOING AHEAD? > > I THINK THAT ‘ S THE BIG QUESTION TODAY. WE HAD THE RATES UP ON THE SCREEN. THOSE WANTED THE– THE TRUTH THAT– FROM >> WHAT WE ‘ RE SEEING VERSUS WHAT WE HAD EXPECTED WHEN ELON MUSK FIRST REVEALED THE CYBERTRUCK, IT COST CONCERNING 50 %EVEN MORE THAN WHAT HE WAS STATING BACK IN 2019. OBVIOUSLY IT COSTS MORE TO PRODUCE A LORRY NOW THAN AT 2019, SO I THINK THE LUXURY WAS A BIT OF A SURPRISE. > > I ASSUME AS A RESULT OF THAT, AND LIKEWISE HAVING A LITTLE A HARDER TIME TRYING TO ENGAGE WHAT DEMAND IS AUALL GOING>> TO RESEMBLE. LOTS OF PEOPLE PUT DOWN CASH, IT WASN ‘ T A WHOLE LOT, CONCERNING A MILLION OF THEM, THAT ‘ S WHAT ELON MUSK HAS ACTUALLY STATED IN THE PAST. AN ANAST FRO RBC CLAIMED THE CONVERSION PRICE WILL BE AT THE LOW END,’LIKELY AT UNDER 20 %. WHEN YOU TAKE THAT RIGHT INTO ACCOUNT, HOW MUCH OF A VEHICLE DRIVER THIS WOULD BE, PROBABLY NOT SO MUCH IN 2024, YOU POINTED OUT THE REALITY THAT THE STANDARD CYBERTRUCK WON ‘ T BE AVAABLE UNTIL 2025. WILL IT HAVE A BIGGER INFLUENCE UNTIL PROBABLY 2025? THAT ‘ S THE CONSENSUS FROM THE ROAD HERE TODAY, BUT I ASSUME IT ‘ S STILL PREMATURELY TO TELL IN REQUISITES OF THE EFFECT. EXACTLY WHAT IT IMPLIES FOR TESLA IN THE LONG VARIETY. > > BELOW ‘ S THE BIT OF OPTIMISM.RAILROAD WHEN THE GMC PRESENTED THE HUMMER AND IT CAME WITH A SIGNIFICANT PRICE TAG, BUT WEREN ‘ T YOU SURPRISED TO SEE HOW MALE HUMMERS WERE ROLLING AROUND WHEN DRIVING, THIS MASSIVE WAGON OF AN AUTOMOBILE THAT WOULD BE COMING AT YOU DOWN THE FREEWAY. AT THE END OF THE DAY YOU WOULD SIGH THEM AND SAY, GUY, WHO IS ACQUIRING ALL THESE THINGS? AS MUCH AS THIS TNG IS AN EYE SORE WHEN YOU LOOK AT IT ON THE SHOWY B-ROLL WE HAVE NOW, I THINK THERE ‘ S STILL PEOPLE THAT WILL STATE I WILL CERTAINLY FUND THIS, FIGURE OUT HOW TO PAY IT OFF.I DON ‘ T KNOW THAT THEY ‘ RE GOING TO PAY FOR THE CYBERBEAST DESIGN WHICH GETS UP INTO THE ECHELON OF THE GMC HUMMER EV, THAT OUR OWN BRIAN SOZZI WAS SPEAKING WITH MARY BARRA ABOUT THAT VEHICLE AND WHAT THEY BELIEVE IT CONTAINER BE TO THE MARKET. T IF WE SEE THAT SAME TYPE OF FANFARE OR RESPONSE, JUST BEING AGHAST AT WHAT THIS COULD BE FOR THE FUTURE, THAT ‘ S THE SLIVER OF POSITIVE OUTLOOK I WOULD GIVE THIS. > > I SUCH AS THAT. BACK ON THE POSITIVITY TRAIN. > > I ‘ M TRYING. > > > ANOTHER PERSON BIG HEADING IS APPLE AND PARAMOUNT HAVE REPORTEDLY BEEN IN DISCUSSION ABOUT A POTENTIAL PACKING FOR STREAMING SERVICES. THIS IS AS REPORTED BY A REPORT FROM “WALL’ROAD JOURNAL.>>” THE POTENTIAL COMNATIOULD PRICE LESS THAN THE DIFFERENT SERVICES BELOW. WE UNDERSTAND THEY ‘ RE POTENTIALLY DOING THIS, TRYING TO HAVE A MORE ECONOMICAL OFFERING COMING AT A TIME WHEN LOTS “OF THE BANNERS HAVE ACTUALLY ELEVATED THEIR RATES MOST RECENTLY.RIGHT CURRENTLY THE STANDARD EXPENSE OF AN AD-FREE SOLUTION HAS GONE UP NEARLY 25%’OVER THE PAST YEAR. YOU TALK ABOUT LOTS OF PEOPLE THAT SUBSCRIBE TO THESE SOLUTIONS, THEY HAVE MULTIPLE STREAMING SOLUTIONS. I ‘ M GUILTY OF THIS, AND HAVING A LOOK AT THE MONTHLY EXPENSE, EXPRESSION, HELLO, E ‘ RE PAYING METHOD EXCESSIVE FOR SEVERAL OF THESE SOLUTIONS ON A MONTH-TO-MONTH BASIS. I ASSUME THIS COULD BE A SMART MOVE FOR APPLE AND PARAMOUNT PLUS, BOTH WANTING TO INCREASE THEIR NUMBERS. BOTH HAVE BATTLED A BIT WITH CHURN, AVERAGING ABOUT GREATER THAN 7 %IN OCTOBE GREATER THAN WHAT WE SAW THROUGHOUT THE MARKET. NATURALLY, THOUGH, BRAD, ONE OF THE TAKEAWAYS IS COULD THIS EVENTUALLY BRING ABOUT A POSSIBLE M&A BARGAIN, A REQUISITION FROM APPLE OF PARAMOUNT. WE ‘ LL SEE. > > IT ‘ S THAT COULD– THAT NEED TO BE A NEW YEAR ‘ S RESOLUTION. THERE IS EVEN MORE OF TYPE OF RIGID SEARCH THE DISCRETIONARY PURCHASES, EVEN IF THEY MAKE YOU GIGGLE, CHUCKLE&, CRY AT SOME DETAILS IN THE DAY AND NIGHT. HOPEFULLY An ASSEMBLAGE OF ALL> OF’THAT. ALL OF THAT CONSIDERED, WE CONTINUE TO SEE YEAR AFTER YEAR IN SOME OF THE PATTERN STUDIES THAT CUSTOMERS ARE FLUCTUATING BETWEEN 2 TO 3, AND PREVIOUSLY THREE TO FR THE VARIETY OF STREAMNG SOLUTIONS THEY ‘ RE GOING TO HOLD ON. THIS MOVE IN BETWEEN APPLE AND PARAMOUNT TO ME SAYS IT ‘ S ALL CONCERNING SOME OF THOSE ACTIVITY PICTURES.APPLE CAN NOT PAY SIMILARLY TO CREATE A HIGH-QUALITY ACTIVITY HAS ALREADY BAKED THAT IN, AND THE NUMBER OF STARS, TITLES THEY’HAVE LICENSES FOR. IT WILL CERTAINLY BE INTERESTING, ESPECIALLY ON SOME OF THE LICENSE FRONT THAT THEY ‘ VE BEEN ABLE TO TAKE ON.
I THINK THEY HAVE A LICENSE FOR MAGIC, THE EVENT, THAT WILL BE GOING INTO PRODTION S THAT IS A BIG TITLE. I ‘ M NOT CLAIMING IT ‘ S GOING TO BE AS SUCCESSFUL AS LUCASFILM, BUT I THINK FOR PAPAL AND PARAMOUNT, THIS IS A CONFERENCE OF THE MINDS, OVERLAP OR SYNERGIES IN SOME OF THEIR EFFORTS, CREATING THEIR OWN KIND OF BUNDLE, IN WHICH THERE” S A LITTLE BIT OF A VOID. > > > WE ‘ RE VIEWING BITCOIN PASSING 38,000 MARK. WE WILL CERTAINLY SEE, INVESTORS ARE MAINTAINING A CONTINUED RALLY TO PRESS THE POSSESSION OVER 40,000. THAT DEFINITELY IS A PSYCHOLOGICAL LEVEL. JARED JARED BLIKRE, GOOD TO SEE >>> YOU. HERE?S THE GROWTH POTENTIAL > > I BELIEVE THE PROSPECTIVE IS WE ‘ LL BE WEAR– BITCOIN 40,000, DIRT THOSE OFF. WE HAD THOSE ON A FEW YEARS EARLIER, OBTAINED RIGHT UP TO ABOUT 68, 69,000, BUT BIT COUNSEL UP AND ETHEREUM UP THIS PAST MONTH.WE HAD A BEAST RALLY IN DANGER. ARKK WAS UP 31%. BITCOIN> COMPLETELY DOWN BELOW, 8%’. NOT EVEN BREAKING A SWEAT, I WOULD SAY. ALLOW ‘ S GET BACK TO SOME OF THE CHARTS. BITCOIN IS INTERESTING RIGHT HERE, AND THEN WHAT ‘ S INTERESTING
IN ETHEREUM. WE HAVE THE BIG POTENTIALLY GOD CANDLE, WHITE STANDING SOME INDIVIDUALS ARE CONTRIBUTING TO IT, ND THEN THIS FLAG THAT ‘ S AIMING UPWARDS. USUALLY WHEN YOU HAVE A LITTLE A COMBINATION, IT AIMS DOWN, BUT THERE ‘ S A GREAT DEAL OF PURCHASING STRESS HERE. LET ‘ S CHECK OUT ETHEREUM. > > NOW WE ARE FLAGGING, AND LOOKING LIKE WE WANT TO’PUSH THAT. THIS SHOULD QUICKLY STRIKE 2500 PRETTY SWIFTLY. ALLOW ‘ S TAKE A LOOK AT WHAT ‘ S TOOK PLACE IN CRYPTO SUPPLIES OVER THE’LAST MONTH. >> COINBASE ISP REGARDING 61%, BLOCK UP 67%, THE CHECKLIST GOES ON. MARATHON DIGITAL, THAT ‘ S ANOTHER ONE THAT CAPITALISTS TRACK. CONSIDER THE LEARS V SO REALLY INTERESTING TO THINK THAT AT THE STARTING OF THIS YEAR, ALL THE DISORDER, WHO WOULD HAVE THOUGHT BITCOIN WOULD BE THE LEADING ASSET CLASS. > > MANY THANKS, JARED. > > > KEEP IT RIGHT RIGHT HERE. WE HAVE ALL YOUR MARKETS ACTION AHEAD. REMAIN TUNED. > > > LET ‘ S ENTER SOME MARKET COMMENTARY FOR THE DAY. IT ‘ S THE TIMING OF FED> PRICE CUTS, FORECASTING A>> MODERATE ECONOMIC DOWNTURN THAT WOULD BRING ABOUT 175 BASIS DIRECTS IN CUTS BEGINNING THE FIRST FIFTY PERCENT OF>> 2024. RATHER AGGRESSIVE, COMPARED TO THE MARKET WHICH, ACCORDING TO THE FINANCIAL INSTITUTION IS NOW PRING CONCERNING 100 BASIS POINTS OF CUTS. HERE TO DAMAGE DOWN ALL OF THIS AND THE EXPECTATION IS OUR VERY OWN MADISON MILLS. WHAT DO WE UNDERSTAND UNTIL NOW BELOW? > > WE WANT A PAIR VARIOUS CALLS ON WHAT WE ‘ RE SEEING WHEN IT COMES TO PRICE CU. THAT ‘ S THE, CERTAINLY, THE BIG INQUIRY. STICKING TO WHAT YOU DISCUSSED, DEUTSCHE FINANCIAL INSTITUTION, BRAD PROJECTING A TOTAL AMOUNT OF 175 BASIS FACTORS BEGINNING IN JUNE.THEY CHECKED OUT SOMETHING CALLED THE TAYLOR GUIDELINE, WHICH I WON ‘ T ENTER INTO THE SPECIFICS OF, BUT BASICALLY AN ECONOMIC SITUATION CONCEPT THAT WOULD INDICATE THE FED IS SLOWING DOWN FASTER THAN
THE FED WANTS IT TO. DEUTSCHE FINANCIAL INSTITUTION SAYS, IF THAT POLICY SHOWS THAT WE ARE HEADING TOWARDS A RECESSION, WE COULD SEE THE FED BEGINNING TO CUT AS EARLY AS H-1 OF NEXT YEAR. YOU CAN SEE THE START OF THE DIFFERENCE OF THE FORECASTS FOR THE ECONOMY VERSUS WHAT WE ‘ RE SEEING ON THE STREET NOW, BUT INTERESTINGLY, DEUTSCHE NK ‘ SOMMEARY NOT AS OPTIMISTIC AS FINANCIAL INSTITUTION OF AMERICA, SAYING WE COULD SEE UPWARDS OF 50 BASIS POINTS OF CUTS AT THAT FIRST CONFERENCE. THEY ‘ RE ALSO FORECASTING CROSS THE ENTIRE WORLD, NOT JUST HERE IN THE UNITED STATES, AND CONTINUING CALLS NEARBY FOR EVEN MORE PRICE CUTS HEADING INTO THE NEW YEAR. I ‘ M CURIOUS TO SEE HOW POWELL WALKS THAT BACK. > > IT ‘ S INTERESTING IF YOU HEAR THE TONE AND UNSUPPORTED CLAIMS. WE ‘ VE HAD A NUMR OF PLAN AUTHORITIES IN TERMS OF BEING EVEN MORE OPTIMISTIC THAT THE FED >> IS’ACTUALLY PROGRESSING, THAT THERE ARE SOME REASONS TO BE’A LITTLE BIT OPTIMISTIC.I ‘ M CURIOUS, ADDITIONALLY, HOW ECONOMISTS WILL BALANCE THIS? WE TALK ABOUT SO MUCH UNCERTAINTY, THE FACT THAT THE LANDSCAPED THAT ALTER QUICKLY, BUT SO
MUCH WILL BE PUT ON THE LABOR MARKET, SHOWED UP WHETHER OR NOT THE JOB SIDE OF THE EATIO HAS THE ABILITY TO STAND UP? > > THAT ‘ S WHY IT ‘ S SO INTERESTING THAT THE FED COMMENTARY CAPTIVATES ME.YOU KNOW, WE NEEDED TO DELAY LONGER TO SEE THE IMPACT OF THE RATE WALKS, B >> WE ‘ STARTING’TO SEE THIS 3%NUMBER WITH CPI THERE YET. SO A GREAT DEAL OF ECONOMISTS TODAY ARE WONDERING, ARE THEY POSSIBLE PUSHING US INTO THAT DIFFICULT TOUCHDOWN? HE SPOKE ABOUT HOW WE ‘ RE STARTING TO SEE THAT 2% NUMBER T CONTINUES TO COOL AND COOL, SOFTEN A LITTLE BIT EVEN MORE, COULD WE SEE THE TOUGH TOUCHDOWN EFFECT COMING IN IF THE FED DOESN ‘ T PIVOT QUI QUICKLY. > > YEAH. > > > MADDIE, STICK TO US HERE. WE INTEND TO OBTAIN TO THE OPENING BELL BELOW, AS WE KICK OFF THE LAST MONTH OF THE YEAR. THE DOW JUST BELOW THE FLAT LINE.JARED BLIKRE HAS A CLOSER LOOK. >>> > > ONLY 2 MINUTES INTO THE MONTH OF DECEMBER, AND WE ARE LOOKING AT A COUPLE LOSSES BELOW. NOTHING BIG. IN AS DAK DOWN CONCERNING 0.3 %, SIMPLY DISCUSSING SMALL CAPS COMING BACK AIT WITH LIZ >> ANN SONDERS. RIGHT HERE ‘ S THE MARKET ACTIVITY. XLK, THAT MODERN TECHNOLOGY IS DOWN SIMPLY A BIT. > > > MAYBE IN TESLA, BUT I ‘ LL REMIND EVERYBODY, THIS IS WHAT HAPPENED OVER THE LAST MONTH, SO DON ‘ T OBTAIN ALSO DOWN ON THE MARKETPLACES TODAY. SOFTWARE HAS OUTMATCHING OVER CHIP STOCKS. NVIDIA DOWN 0.3%. FOR THEOST COMPONENT IT LOOKS LIKE TECHNOLOGY IS TAKING IT ON THE CHIN. > > > JUST LOOKING AT THE FRINGIER PARTS OF THE MARKET, IT LOOKS LIKE WE ‘ RE SEEING SOME DANGER OFF TO START THE MONTH OF DECEMBER RIGHT HERE. > > > WE INTEND TO TURN TO ONE OF OUR BIG MOVERS, WHICH IS ULTA.YOU ‘ RE >>> LOOKING AT GAINS OF ABOUT 11%AFTER THE FIRM TOPPED 3RD QUARTER SALES ASSUMPTIONS. THE STORE ALSO INCREASED ITS ASSISTANCE >>>. OUR NEXT GUEST INCREASED THE RATE TARGET ON THE STOCK, LIFTING THE TOTAL TARGET TO’$572 A SHARE, UP FROM$540. CORINNE, FANTASTIC TO SEE YOU RIGHT HERE, CERTAINLY THE STREETENCOURAGED BY THE OUTCOME WE GOT. WHAT ‘ S YOUR POINT OF VIEW? OBVIOUSLY YOU HAVE A LITTLE BIT OF A FAVORABLE TAKE CURRENTLY. > > MANY THANKS FOR HAVING ME. ULTA HAD AS INCREDIBLE PRINT LAST EVENING. I DO BELIEVE INVESTORENTIMENT HAS BEEN GETTING WEAKER ON THIS NAME. WE ‘ LL SEE IT EVEN MORE COMBINED, A MUCH MORE CONTROVERSIAL NAME. WE ‘ VE SEEN PROMOS CHOICE UP, SO THE SUPPLY >> HAS COME UNDER PRESSURE. WHAT WE NEEDED WAS AN IN-LINE INT, AYBE SLIT BEAT, JUST TO RECONSTRUCT THE SELF-CONFIDENCE IN THE NAME. ULTA SUPPLIED WELL PAST THAT. THEY INCREASED THE MIDPOINT OF THE SUPPORT RANGE, AND REALLY CONFIRMED THAT THEY ARE PERFORMING EXCEPTIONALLY WELL IN TODAY ‘ S PRESSURE MACRO ENVIRONMENT. > > WHAT POTENTIALLY COULD BE THE MOST SIGNIFICANT HEADWIND TO THAT DYNAMIC? OBVIOUSLY WE ‘ RE ON THIS EXCELLENT NEWS HIGH FOLLOWING THE MAKES THE OTHER DAY, BUT WHAT COULD BE THE SINGLE BIGGEST POINT TO ADJUSTMENT THAT DYNAMIC?’> > WELL, IT BOILS DOWN TO THE WELLNESS OF THE>> BEAUTY CUSTOMER THAT WE ‘ LL SEE THROUGHOUT THE VACATION. NOW WE” RE BEGINNING TO SEE SOME SOFTENING, CONSIDERING THEY ‘ RE TAKING BENEFIT OF EVEN MORE PROMOS. IF THAT ESCALATES WITH THE VACATION, ESPECIALLY IF THEY HAVE TO HOLD MORE ON PROMOTION. THEY TEND TO BE TRADITIONALIST. THEY HAVE BEEN’TAKING INTO CONSIDERATION A HEFTY PROMOTIONAL ATMOSPHERE THAT YOU ‘ VE SEEN IN PRIOR YEARS. THAT STATED, THEY ARE WORKING WITH BETTER OPTIMIZING THEIR ADVERTISINGS SO, I BELIEVE THEY ‘ RE EFFECTIVELY PLACEMENT. > > YOU UNDERSTAND, WHEN WE THINK OF THE DIFFERENT DEPARTMENTS, AND WE TEND TO GENERALIZE THIS LITTLE LUXURY’OF APPEAL SOMETIMES, BUT EVEN WITHIN THERE, THERE ARE SOME AREAS THAT HAVE A HIGHER REPLENISHMENT PRICE’. IF I HAVENE GOOD PERFUME, I ‘ M LIKELY TO RETURN OVER AND OVER ONCE MORE. I THINK WHERE THE THE MAJORITY OF INTERMITTENT PURCHASES ARE WHAT IS THAT, FROM SIMPLE PERSCTIV > > IT ACTUALLY IS THE PERSISTING DAILY USE TYPE OF PRODUCTS. WHERE WE ‘ RE SEEING PRESSURE OF THE ONE-TIME DELUXE PRODUCTS, THINK ABOUT THE PRICEY HEAR HOME APPLIANCES. THOSE ARE A LURY ACQUISITION, BUT WHAT YOU REQUIRED AS A WOMEN GOING RIGHT INTO THE >> WORKFORCE OR INSTITUTION EACH DAY, YOU REQUIRED A LOT OF OTHER THINGS.
>>> > > > EXCELLENT EARLY MORNING EVERYBODY, IT ‘ S 9:00 A.M. > > > WE ‘ RE VIEWING BITCOIN PASSING 38,000 MARK. > > > LET ‘ S OBTAIN INTO SOME MARKET DISCOURSE FOR THE DAY. > > > MAYBE IN TESLA, BUT I ‘ LL REMIND EVERYONE, THIS IS WHAT OCCURRED OVER THE LAST MONTH, SO DON ‘ T GET AS WELL DOWN ON THE MARKETS TODAY. > > > JUST LOOKING AT THE FRINGIER PARTS OF THE MARKET, IT LOOKS LIKE WE ‘ RE SEEING SOME DANGER OFF TO BEGINNING THE MONTH OF DECEMBER BELOW.THAT” S WHERE WE ‘ VE SEEN ULTA SUCCEED IN IN THE DAILY-USE TYPE OF PRODUCTS. CONSUMERS LINING UP AT THE CHECKOUTS, THEY WERE HOLDING A LOT OF THOSE DAILY USAGE KIND OF PRODUCTS. >> > > AMONG THE OR BIG ANNOUNCEMENTS RECENTLY IS T SEQUENCE PLAN.WE GOT NEWS THAT SCOTT SETTERSON WOULD BE RETIRING IN APRIL. I KNOW YOU MET HER OVER THE SUMMER. WHAT IS YOUR IMPACT IN REQUISITES OF ULTA, AND WHETHER OR NOT YOU ASSUME THEY ‘ RE THE RIGHT INDIVIDUAL FOR THE TASK OBVIOUSLY WRE SAD TO SEE SCOTT GO, BUT I BELIEVE PAULA IS AN OUTSTANDING FIT. I BELIEVE SHE WITH GENERATE An EVEN MORE SPECIAL INGENIOUS VIEWPOINT AS WELL.SO WE ‘ RE EXCITED TO SEE WHAT SHE CONTAINER DO.
ONCE MORE’, UNFORTUNATE TO SEE SCOTT GO, BUT SHE INTERACTS EFFECTIVELY WITH THE MONITORING GROUP. > > > SEANA WAS SO SMART TO BRING >>> UP THE FUTURE OF THE BRAND. WHEN YOU ASSUME CONCERNING THE GROWTH QUARTER AFTER QUARTER, 1400 SHOP, LOOKING TO OBTAIN 1700. THAT ‘ S PRETTY VIABLE FOR THEM TO REACH THAT. WHAT ‘ S THE NEXT BIG DEVELOPMENT STORY. IS IT INTERNATIONAL EXPANSION? > > IT ‘ S DINITY AN CHANCE. I WEAR ‘ T THINK IT ‘ S GOING TO BE IN THE INTERMEDIATE TERM. IF YOU REMEMBER, THEY FORMERLY HAD INTENDS TO BROADEN RIGHT INTO CANADA. THAT” S BEEN POSTPONE. IT DOES SEEM LIKE THEY” RE LEANING INTO THEIR EXISTING PRESENCE IN THE UNITED STES GHT OFF NOW. ALSO, WITH CUSTOMER SHIFTING AWAY.LEANING INTO SPECIALTY CHARM RETAIL. THAT ‘ S WHERE ULTA CAN SUCCEED. I BELIEVE A GREAT DEAL OF SHARE CAPTURE POTENTIAL IN THE UNITED STATES, AND LONGER TERM, ABSUTEL I ASSUME INTERNATIONAL IS AN AMAZING POSSIBILITY. > > THEY DON ‘ T HAVE TO >> GO MUCH TO GET TO ME. I” VE ENJOYED WAY TOO MANY TUTORIALS THAN I TREATMENT TO ADMIT. THAN SO CH RIGHT HERE. >> > > THANK YOU >>>. > > > WELL, FOR THE VERY FIRST TIME IN SIX YEARS, MORGAN STANLEY A REDUCTION THE GLOBE” S LARGEST LUXURY GROUP LVMH TO $860, POINTING OUT WEAK NEED AND INDUSTRY-WIDE DEGENERATION. THIS FOLLOWS LVMH SAW SLOW DEVELOPMENT IN THE Q3 PROFITS GROWTH BACK IN OCTOBER HERE.THERE ‘
S BEEN EVEN MORE OF A PROJECTION, I WOULD SAY, AROUND SOME OF THE LUXURY NAMES OUT HERE. IT” S NOT JUST LVMH APPEARED THE OU HERE.TANLEY KEEP IN MIND THAT CAME IT” S ACTUALLY BEEN A LITTLE BIT MORE WIDE BASED. LVMH ALSO SAW A DOWNGRADE RECENTLY TO NEUTRAL BY UBS AS WELL BELOW, BUT IF YOU” RE CHECKING THE STATE OF MIND RING ON SEVERAL OF THE LARGERUXUR HOUSES HERE, HIGHER RATES OF INTEREST, AND THAT” S REALLY LEADING TO SOME OF THE CALLS WE ‘ RE SEEING COME THROUGH. >> > > THIS IS EVERYTHING ABOUT NEED INCREASING, AND WHEN YOU LOOK IN ADVANCE AT THIS MORGAN STANLEY KEEP IN MIND, CLAIMING AT 2024, THE FIRST COMPONENT A MINIMUM OF, COULD BE A BIT ROCKY, A BIT VOLUME TIFF BELOW. WHEN IT INVOLVES LVMH, AMONG THE BIGGEST THREATS IS THE DEPENDENCY ON CHINA, THE TRUTH THAT THAT RECOVERY HAS BEEN MUCH SLOWER THAT ORIGINALLY EXPECTED. THAT TALE OR THAT HEADWIND ISN” T GOING ANYWHERE ANYTIME SOON. THAT ‘ S EXPECTED TO METHOD ON SAL HERE. YOU STATED THE FACT THAT SO MANY ON THE STREET HAD BEEN MORE BEARISH. TAKE A LOOK AT THE DISCOURSE WE” RE ACQUIRING FROM HSBC RECENTLY.UBS ALSO REDUCED LVMH, TALKING ABOUT THE FACT THEY DON ‘ T SEE THIS CATYST WHENEVER SOON. PEOPLE DON ‘ T HAVE 2,000, 3,000, 4,000 BONUS BUCKS TO INVEST ON HANDBAGS ON SHOES THAT POSSIBLY THEY WERE PURCHASING THROUGHOUT THE PANDEMIC. WE HAVE SEEN A SHIFT IN THE HIGH-END CONSUMER, SO THE REALITY WE ARE SEEING A LITTLE BIT OF A PULL DISBACK BELOW IS A LITTLE BIT OF REASON FOR PROBLEM. >> > > THAT ‘ S WHY LVMH HAS ASSEMBLE THIS WIDE PORTFOLIO, WHERE YOU SAW A PROFESSION DOWN OR TRADE-OFF, SURE, THAT WOULD BE A NEAR-TER HEADWIND, BUT WHERE YOU USE A FEW OF THE OTHER ELEMENTS, APPEARANCE, AT THE END OF THE DAY, IF INDIVIDUALS ARE GOING TO HAVE SOME SORROWS, THEY MAY DRINK THEM FAR FROM SOME HENNESSEY. APPEARANCE, I” M JUST SAYGHAT A FEW OF THE CUSTOMERS MAY PREFER THAT, BUT IT” S NOT MY PREFERENCE AT THE END OF THE DAY. >> IT IS’FRIDAY. > > WHAT ‘ S YOUR >> CHOICE?’> > I ‘ M DAY >> BY DAY. > > YOU ‘ RE EVERYTHING ABOUT FOOTLOCKER.
>> > > I HAVEN ‘ T GOTTEN MY SHOP VISITS IN THE MEANS I SUCH AS TO. >> > > WOW, SLACKING. >>> > > > ANOTHER PERSON MOVER TODAY, CITI REDUCTION SPOTIFY. TAKING A LOOK AT STRESS OFF REGARDING 1.5%, THE ANALYSTS CITING FEARS ABOUT THE COMPANY” S CAPABILITY TO RAISE THE TYPICAL REVENUE PER USER. THE FIRM IS SAYING THE RISK/REWARD ON SPOTIFY” S METHOD AND EXECUTION IS NO LONGER COMPELLING. BECAUSE OF THE ASSESSMENT TELEPHONE CALL, a WHOLE LOT OF IT IS. THE RISK/REWARDET UP, NO MORE REMARKABLE RIGHT NOW, AT THE VERY LEAST IN THE EYES OF CITI, BUT WHEN IT INVOLVES SEVERAL OF THE CHANGES THAT SPOTIFY HAS MADE, WE DISCUSS THE REALITY THEY HAVE SPENT SO MUCH ON THAT PARTICULAR YOU ARE PODCAST SERVICES, INVESTING, TRYING TO BUILD THAT UP.WE HAVE SEEN A TURNR A SHIFT IN THAT APPROACH, DRAWING BACK JUST A LITTLE BIT. THEY ALSO ANNOUNCED RATE HIKES BELOW, DOING WHATEVER THEY CONTAINER TO ENHANCE THEIR PRODUCTIVITY. THIS IS THE VERY FIRST TIME THEY UPLOADED An EARNINGS IN JT ABT A YEAR. WHAT IT” S GOING TO REQUIRE TO PROCEED THAT’MOMENTUM, THAT ‘ S WHAT THEY ‘ RE BRINGING UP. ONE OF THE MOST RECENT RECORD YOU WERE SIMPLY POINTING OUT A MOMENT AC, THAT MARGIN CAN BE FOUND IN AT 26.4%. I” M JEALOUS OF INDIVIDUAL EMERGING WITH THAT SPOTIFY RAP. I DON” T EVEN KNOW WHAT MY NOISE MATTER IS. >> > > THAT ‘ S FACTOR ALONE TO SWITCH.MAYBE YOU COULD ASSISTANCE THE CUSTOMER NUMBERS HERE. > > I WOULD ASSUMPTION SO. >> I DIDN ‘ T GET A CHANCE TO’TALK ABOUT THE ANDRE 2000 CD BELOW. I ASSUME IT ‘ S ON THE BACK OF SOME OF’THE IMAGINATION THAT THEY HAVE SEEN NOT ONLY FROM ARTISTS, UT PODCASTERS HERE. PODCASTS HAVE BEEN MASSIVE IN THE MEANS TO COME UP WITH DIFFERENT FORMS OF GETTING MESSAGE OUT. SPOTIFY, THEY WERE EXTREMELY SMART TO LEAN INTO THAT EARLY. IT ‘ S A GREAT DEALS OF COSTS, THOUGH, THAT THAT TAKES WHEN YOU ‘ RE TRYING TO OBTAIN THE RIGHT PERSONALITIES ON THAT.FOR APPLE, WHAT THEY HAVE DONE WELL IS CREATE THE PLATFORM THAT PEOPLE CONTAINER UPLOAD INTO. AT THE END OF THE DAY, I ASSUME FOR PODCASTING AS A METHOD, THIS STILL WILL CERTAINLY DUMB DOWN AND BY CIR CIRCULAR, TO PROGRAM THE STRENGTH OF MUSIC DIRECTORIES PROGRESS. > > WE YAPPED CONCERNING IT. I UNDERSTAND, I KNOW. I HAVE YET TO LISTEN TO >> IT.MAYBE THAT ‘ S MY HOMEWORK THIS WEEKEND. > > > WE NEED TO LEAVE IT RIGHT
THERE. KEEP IT RIGHT RE. U HA EVEN MORE OF YOUR MARKET ACTIVITY>> STRAIGHT AHEAD. WE ‘ LL BE RIGHT BACK. > > > PFIZER OUT WITH WEIGHTY INFORMATION. IT” S GOING TO QUIT >>> DEVELOPING THE TCE DLY WEIGHT-LOSS PILL. WE INTEND TO GENERATE ANJALEE KHEMLANI. YOU LOOK AT THE ROAD ‘ S REACTION, THEY ‘ RE CERTAINLY LOOKING AT THIS’AS A TERRIFIC SETBACK FOR PFIZER. > > ABSOLUTELY. >> THE TWO TIMES DAILY WILL BE THE ONE T MEANWHILE, IT” S IMPORTANT TO BEAR IN MIND THAT PFIZER IS PROGRESSING WITH ITS DAILY PILL OF THE SAME DRUG.THAT MEDICINE IS THEIR OBOOZITY MEDICATION, THE WEIGHT-LOSS DRUG, WHICH DID HAVE SOME DOWNSIDE RESULTS, WHICH IS THE REASON WHY THEY QUIT. GREATER THAN 50%OF THE PARTICIPANTS WENT DOWN THE MEDICINE AS A RESULT OF THE FEELING NAUSEOUS AND MORE. THIS DOES ENABLE PFIZER TO REMAIN IN THE VIDEO GAME, BUT MAYBE WITH A LESS EFFECTIVE ONE. THE WEIGHT THAT WAS LOST IN THE FIRST 32 WEEKS WAS IN BETWEEN 8%AND 13%if WE APPEARANCE AT THE INFORMATION FROM THIS. AT THE SAME TIME, THE NUMBER DID DECLINE A LITTLE BIT LATER WITH THE WEEKS, BUT IT DOES STILL HAVE SOME DECENT OUTPUT, SOME DECENT DATA. WE ‘ RE WAITING FOR THE READOUT, WHICH IS STATED TO BE COMING SOON. EVERY ONE OF THAT EYES ON KEEP THEM IN THE VIDEO GAME. > > > YOU ‘ VE ALSO BEEN TREATMENT INFORMATION ON THE M&A FRONT.HOW ARE’WE ROUNDING OUT THE YEAR THAT ‘ S BEEN 2023, AND WHAT DOES THAT COLLECTION UP FOR NEXT YEAR? > > YEAH, THE BIG NEWS IS EVERY PERSON HAS THEIR EYES ON THIS BIG MEGAMERGEROTENTIAL WITH CIGNA AND HUMANA. IT ‘ S THE MEGA-MERGER ERA OF 2018. SOME WERE BROKE UP BECAUSE OF CONCERNS ABOUT ANTITRUST, BUT THAT ‘ S NOW BACK ON THE TABLE WITH CIGNA LOOKING TO POSSIBILITY OBTAIN HUMANA. ONE EXPERT PUT IT CANDIDLY, CIGNA HAS BEEN LOOKING TO ACQUIRE HUMANA FOR QTE SOM TIME. COULD THEY OBTAIN TO THE COATING LINE? WHAT THIS DOES, AND THE REASON THAT THE SUPPLIES SIMPLY SINK ON THE NEWS IS AS A RESULT OF THAT ANTITRUST CONCERN. WE HAVE SEEN HOW THE FTC HAS BEEN OPERATING, AND THE CHAIR HAS BEEN MADE IT POPULAR THAT THESE DEALS GET ON HER RADAR. THAT ‘ S DEFINITELY SOMETHING WE NEED TO WAIT AND FIGURE OUT. > > ANJALEE, MANY THANKS FOR BRINGING THIS TO OUR FOCUS. APPRECIATE IT. > > > THERE ‘ S ALSO BEEN A GREAT DEAL OF ACTIVITY IN THE HEALTHCARE AREA.
>> IT ‘ S IN FACT DOWN AROUND 2%YEAR TO DAY. IT ‘ S>> BEEN LACKING BEHIND THE S&P 500 EVEN MORE BROADLY IN 2023. MERGERS, LIKE THOSE OF’JOHNSON & JOHNSON ‘ S PURCHASE, ACQUIRES INNOVATIONS. HERE TO HELP United States DIG IN IN THE MEDICAL CARE AREA, WE HAVE ELDERLY EQUITY STUDY ANALYST FOR MEDICAL SUPPLYING’AND DEVIS. EXCELLENT TO HAVE YOU BELOW WITH United States THIS MORNING.SO LET ‘ S BEGIN THERE, PERHAPS. WHAT CONTAINER WE EXTRAPOLATE FROM THE M&An ENVIRONMENT WE HAVE SEEN IN 2023. > > YEAH. > > ABSOLUTELY. THANK YOU A LOT FOR HAVING HERE. YOU UNDERSTAND, I BELIEVE WITH REGARD TO THE MEDICAL GADGET WORLD, YOU UNDERSTAND, I THINK INNOVATION AND PROCUREMENT IS THE LIFELINE OF WHAT COMPANIES DO. >> IT ‘ S TECHNOLOGY FOCUD, SO COMPANIES WE ANTICIPATE TO REMAIN TO BUY INTERNAL R&D, ALONG WITH ACQUISITIONS. 2023 HAS BEEN AEE THAT THEY HAVE SEEN A LOT OF TALK IN ACQUISITIONS. WE DID SEE A BIGGER PROCUREMENT WITH JOHNSON & JOHNSON ACQUISITION, BUT I ASSUME THROUGHOUT THE YEAR, WE ‘ VE BEEN SEEN EVEN MORE OF THAT SORT OF PURCHASES, SO IF YOU CONSIDER COMPANIES LIKE BOSTON SCIENTIFIC, STRIKE, EVEN J&J. IT LEADS & TO LONG-LASTING DURABLE GROWTH. I THINK WE DO HAVE A HIGHER RATE OF INTEREST ENVIRONMENT, POSSIBLY FOR A CPANY WHICH IS GOING TO DO AN ACQUISITION, MAYBE SLIGHTLY SMALLER, BUT I BELIEVE THERE&REMAINS TO BE APPETITE FOR STRATEGICS. > > WHEN WE SPEAK ABOUT THE APPROACH BELOW FROM HEALTHCARE EXECS POSSIBLY O THE LOOKING FOR THE NEXT CAPACITY OFFER, NEXT DRIVER, WHAT ARE SOME OF THE TRENDS THAT YOU ‘ RE NOTICING IN CONVERSATIONS YOU> ‘ VE HAD? > > IT ‘ S REALLY ACROSS THE BOARD. IT ISN ‘ T ONE SPECIFIC SUBMARKET THAT THEY ‘ RE TRYING TO GET INVOLVED IN. IT ‘ S REGARDING CLASSIFICATION LEADERSHIP, AND WHETHER IT ‘ S MOD ULACE OR STRUCTURAL, IT ‘ S THROUGHOUT >> THE BOARD. IN REQUISITES OF DIMENSION, IT ‘ S BEEN INTERESTING. WE HAVE SEEN’IT ACROSS THE BOARD. FOR INSTANCE, JOHNSON & JOHNSON ‘ S CEO HAS ACTUALLY SHOWN HEAS A STARVED APPETITE.WE ‘ VE SEEN IT IN THE SPACE ROOM, WITH RECOMMENDATION TO THE MEDICALS, IN THE SMALLER-CAP ROOM, REVEALING THEY ARE PURCHASING, YOU KNOW & ANOTHER PERSON’BUSINESS IN THE IMPLANT AREA TO LOAD THE BACK.
ONCE MORE, AS I ENTER 2024, AISLE BULLISH ON THE AREA BASICS, BUT RELATIVE TO M&A, I THINK THAT ‘ S THE LIFEBLOO OF HOW THE COMPANY OPERATES. I EXPECT THAT TO CONTINUE. > > SO, LET ‘ S DISCUSS A FEW OF THE MARKET PRINCIPLES HERE. IT LOOKS LIKE THIS IS THE YEAR THAT ‘ S REALLY HAD A MULTI-PRONGED, OR AT THE VERY LEAST AEW SECRET THEMES, BUT NONE OF THEM MORE SO THAN THE SHOCKWAVE THAT ‘ S BEEN DRIVEN BY WEIGHT LOSS DRUGS AND GLP-1s Below. IS THAT EXPECTED TO PROCEED. WITH TRIALS MOVING ON, MORE OF THESE SOLUTIONS TRYING TO BE BROUGHT TO MARKET BELOW, AND IF NOT THAT, WHAT IS JUST ONE OF THE PREVAILING MOTIFS THAT YOU ASSUME COULD RING REAL IN THE NEXT YEAR? > > ABSOLUTELY. I DO NEED TO TIP BACK AND TALK ABOUT FUNDAMENTALS. 2023 HAS BEEN A REALLY STRG YEAR FOR MED-TECH IN REGARDS TO FUNDAMENTALS.WE ‘ VE STRONG TRENDS IN HEALTH >> TREATMENT USAGE. A FEW OF THE BUSINESS LIKE DEMONSTRATOR, BOSTON SCIENTIFIC, THEY ARE DELIVER 10% OF YEAR-OVER-YEAR GROWTH THAT NORMALLY RUN AT ABOUT 6%
, 7’%GROWTH. PART OF IT IS TECHNOLOGY, BUT A BIG COMPONENT IS ALSO CHILD BOOMERS, AS THEY CONTINUE TO AGE, THE PERCENT OF COSTS INCREASES FROM SOMEWHERE AROUND 10%ALMOST TWO THIRDS OR 3 QUARTERS. I ASSUME THAT FUNDAMENTAL IS An ESSENTIAL DRIVER FOR FIRMS IN 2024 AND BEYOND. RELATIVE TO YOUR QUESTION ON WEIGHT-LOSSDRUGS, THAT ‘ S ABSOLUTELY BEEN A VARIABLE THAT EVALUATED ON COMPANIES ON Q3. WE SAW THE CAPITALISTS JUST STEER CLEAR OF THE MEDICAL TOOL MARKET, BUT I ASSUME IN Q3, WE REALLY HAVE GOTTEN SMARTER IN UNDERSTANDING EREHE INFLUENCE LIES AND WHERE IT DOESN ‘ T.I EXPECT DISCUSSIONS TO CONTINUE INTO $24, ‘ 25, ‘ 26. BUT IF YOU TAKE ANALYSTS FOR GLP-1 MAYBE 40, 50 BILLION IN BUSINESS. YOU UTILIZE THE ESPs, YOU RECOGNIZE, THAT WE CURRENTLY
HAVE FOR THEM, YOU GENERATE REGARDING 10, ’15 MILLION INDIVIDUALS THAT COULD POTENTIALLY BE ON THE DRUGS. POSSIBLY FIFTY PERCENT A BILLION TO LIKE A BILLION INDIVIDUALS WHO WOULD ADVANTAGE FROM MEDICAL TOOLS if YOU LOOK AT CARDIOVASCULAR ILLNESS. THE PENETRATION IS REALLY LOW. I BELIEVE THE FUNDAMENTALS ARE STRONG. WE KNOW THAT THE HEADWIND LIES P BARIATRIC, PERHAPS PUMPS, AND THERE ARE VARIABLES IN THERE, BUT THE REST OF IT, OBESITY IS ONE DANGER ELEMENT IN OTHER CONDITIONS. BUT IT ‘ S NOT THE PRIMA VARIABLE. YOU KNOW, I BELIEVE THERE IS AREA FOR GLP-1s IN THIS WORLD, BUT I BELIEVE THERE ‘ S REALLY STRONG POSSIBILITIES, THROUGHOUT THE MEDICATION TECH MARKET. IF YOU GO BACK AND CONSIDER THE HISTORICAL NEXT YEAR, NONE OF THOSE STOCKS ARE TRADING AT TOP MULTIPLES. SOME ARE TRADING SOMEWHAT ABOVE STANDARD. AND, YOU UNDERSTAND, SO– AND PERHAPS, THE STOS COU PROFESSION ALSO AT A HIGHER MULTIPLE THAT WAS NOT THE INSTANCE, BACK I THINK THE DEVELOPMENT PROLE WAS MID TO HIGH SINGLE DIGITS.I EXPECT THAT TREND TO CONTINUE. I DO THINK THAT WITH ANY GLP-1 CONVERSATIONS IN 2024 AND BEYOND, IF THERE ‘ S ANY FLUCTUATION IN STOCK RATES, IT ‘ S DEFINITELY AN OPPORTUNITY TO BUY.
> > MANY THANKS FOR BEING WITH United States. > > HANKOU. > > > WELL, THE RATE OF LITHIUM HAS DROPPED 19 %OVER THE PAST FOUR WEEKS. WHAT ‘ S RESPONSIBLE? SOFTENIN DEMAND IS ASSISTING TO PRESS IT LOWER. >> THE EV SALES AND BATTERY OUTPUT HAVE REMAINED TO INCREASE. IT>> ‘ S NOT ONLY AN CONCERN IN CHINA. EXPERTS SAY EV SALES IN THE U.S. COULD GROW’EVEN MORE GRADUALLY DUE TO SLUGGISH DEMAND AND LACK OF SO, A GREAT DEAL TO DAMAGE DOWN AS GOLDMAN-SACHS AND THE COMMODITIES STUDY AFFIRM THERE CHECKED OUT A FEW THINGS RIGHT HERE. NUMBER ONE, THE INCREASE IN CHEMICAL RESULT OVERTAKING THE GROWTH IN THE CHINA BATTERYTPUT AND CHINA ‘ S IMPORTS OF SOME OF THE CONCENTRATE THAT ‘ S NECESSARY, PARTICULARLY FROM AUSTRALIA AND Z ZIMBABWE, ALL OF THAT COMPONENT OF THE STORM WE ‘ VE SEEN FOR LITHIUM PRICES. > > THIS ALL TIES BACK TO EV NEED RIGHT NOW WHEN WE DISCUSS LITHIUM, THE SECRET PART’THERE TO BATTERIES, YOU POINTED OUT THE DOWNTURN OR REALLY HOW SUPPLY, OBVIOUSLY, SIGNIFICANTLY OUTWEIGHING’DEMAND, A MINIMUM OF AT THIS POINT.
>> WHEN IT INVOLVES WHAT ‘ S TAKING PLACE ON A WORLDWIDE BASIS, THIS NEW AGE OF EV DEMAND IS SOMETHING THAT GOLDMAN-SACHS REALLY DIGS INTO WITHIN THIS RECORD, TKINGBOUT THE TRUTH THAT WE ‘ RE STARTING TO SEE THIS NORMALIZATION OF EV SUPPLY CHAIN WHICH HAS REALLY BEEN THIS KEY CONTRIBUTOR TO A FUNDAMENTAL SHIFT TO PUT IT IN THEIR WORDS, IN BATTERY METALS REQUIRE THIS YEAR. A LOT OF OF THE BATTERY STEELS AND COMPONENTS THAT WE ‘ RE BEGINNING TO SEE A SOFTENING HERE IN REGARDS TO THE BALANCE OF THE BATTERIES R DEMA, WHAT EXACTLY WE HAD ANTICIPATED IT TO BE VERSUS WHAT THE FACT IS RIGHT HERE WITH THE 3RD QUARTER AND AFTERWARDS EXPECTING THE EXISTING QUARTER TODAY AND WHAT EXACTLY IT ‘ S GOING TO RESEMBLE GOING ONWARD. GOLDMAN-SACHS, THEY STILL SEE DOWNSIDE DANGER TO WHERE LEVELS ARE TRADING TODAY.AT TARKET LARGELY BALANCED YEAR TO DAY, BUT THE FULL LEVEL OF THE SUPPLY EXCESS HAS NOT YET OVERCAME THE SYSTEM AND SUDDENLY IT ‘ S GOING TO STICK AROUND CURRENTLY AS WE EXPECT 2024. > > THEY ‘ RE EXPECTING THE LITHIUM MARKET TO BE IN A 202-KILOTON EXCESS NEXT AR, REPRESENTING ABOUT 17 %OF GLOBAL DEMAND, AND THEY CONTINUE TO EXPECT PRICES TO TRADE DEEPLY RIGHT INTO THE EXPENSE CURVE TO STABILIZE THE MARKET. > > LOOKS LIKE SOME DISADVANTAGE THREAT BELOW FOR LITHIUM. >> > > > KEEP IT RIGHT HERE ON YAHOO! FINANCE. WE ‘ VE GOT ALL YOUR MARKET ACTIVITY AHEAD. REMAIN TUNED. > > > WELCOME BACK, EVERYBODY. BRAD SMITH ALONGSIDE SEANA SMITH. WE ‘ RE ABOUT THIRTY MINUTES INTO THE START OF THE FIRST TRADING> DAY OF DECEMBER, AND WE ‘ RE STARTING THE MONTH MID, SOR TO RECORD. DECEMBER IS USUALLY A SOLID MONTH FOR SUPPLIES, ESPECIALLY IN A PRE-ELECTION YEAR BELOW. >>> LET ‘ S HAVE A LOOK AT THE S&P 500 RIGHT HERE AS WE’BEGIN MATTERS THIS EARLY MORNING. WE ‘ RE TAKING A CHECK OUT IT, FLAT TO’THE UPSIDE BY THE HAIR OF ITS CHINNY CHIN CHIN NOW.% > > LET ‘ S APPEARANCE AT A FEW OF THOSE SPECIFIC MOVERS.WE REACHED BEGIN WITH DELL. E TECHNOLOGY FIRM REPORTED SOLID PROFI PROFITS BUT MISSED ON REVENUE WEAK POINT. CORPORATE NEEDS THAT CONTINUED. SHARES OFF JUST ABOUT 6.5 %. STILL, THOUGH, IN SPITE OF THAT, THE BUSINESS >> STAYS POSITIVE REGARDING ITS NEXT , SAYING THAT IT ANTICIPATES A GO BACK TO EARNINGS GROWTH GIV SOMOF T TAILWINDS TO BUSINESSES LIKE IMPROVING DEMAND AND ALSO A.I. INVESTMENT. > > > SOMETHING YOU WEAR ‘ T SEE EVERY DAY, ALIBABA ACQUIRING A DOWNGRADE ON ITS STOCK. MORGAN STANLEY CUT ITS SCORE ON THE BUSINESS ‘ S U.S.-LISTED SHARES TO EQUAL WEIGHT FROM OVERWEIGHT, REDUCING ITS COST TARGETS TO $90 FROM $110. ANALYSTS CITED PROBLEMS OVER SLOWER TURN-AROUND AND ITS SECRET SERVICES AS WELL >>> AS THE CHOICE TO SCRAPE ITS CLOUD OFFSHOOT. > > > MIANTEC IS UNDER STRESS FOLLOWING A DOWNGRADE FROM JPMORGAN. THE EXPERTS THERE SAYING THEY ARE WAITINGOR A MORE CATALYST-RICH DURATION AS THE EXPECTATION FOR THE BUSINESS ‘ S COVID-19 INJECTION IT MADE WITH PFIZER PROCEEDS TO LOOK BLEAK.WE TALK ABOUT THE TRUTH THAT NEED, NOWHERE NEAR WHERE IT HAD BEEN OVER THE LAST SEVERAL YEARS AND >>> WE ‘ RE SEEING THAT STOCK OFF NEARLY 4%. > > > WELL, DISNEY HAS ANNOUNCED IT WILL MAKE A CASH MONEY DIVIDEND SETTLEMENT RETURN OF ITS RETURNS TO SHAREHOLDERS AND THIS IS HAPPENING FOR THE FIRST TIME SINCE JANUARY OF 2020.
THE COMPANY SUSPENDED THE DIVIDEND DURING COVID-19. WHILE THE MEDIA GIANT WILL CERTAINLY BE PRODUCTION THE PAYMENT OF 30 CENTS A SHARE TO SHAREHOLDERS IN >>> JANUARY. THIS FOLLOWS NELSON PELTZ ‘ S TRIAN FUND ADMINISTRATION IS MOVING AHEAD WITH A PROXY FIGHT AT DISNEY. THE ACTIVIST HEDGE FUND PHRASE DISNEY EXPANDED AN OFFER TO CONSULT WITH THE BOARD BUT REJECTED ITS CURRENT ASK FOR REPRESENTATI, ILUDI FOR PELTZ HIMSELF. FOR MORE ON DISNEY ‘ S BATTLE WITH PELTZ, WE ‘ RE JOINED BY DOUG KROITS, TD COWEN ‘ S HANDLING SUPERVISOR OF MEDIA AND ENTERTAINMENT. I WOULD LOVE YOUR VIEWPOINT ON THIS RETURN OF THE DIVIDEND AND THIS PRESS THAT IGER REMAINS TO REIN UNDER RIGHT HERE FROM NELSON PELTZ, WHETHER OR NOT MAYBE SOME OF THE MOVES THAT WE HAVE SEEN OR CHOICES ANNOUNCED IN THE LAST PAIR OF DAYS IF’THAT ‘ S REALLY GOING TO ACCOMPLISH ANYTHING TO MODIFICATION SEVERAL OF THE MOOD AND VIEW AROUND DISNEY ‘ S SUPPLY. > > YEAH, THEY HAD ACTUALLY FORMERLY INTRODUCED THAT THEY WERE GOING TO INSTITUTE A DIDEND, AND THEY DID. THEIR PAST PLACEMENT IS BETTER THAN IT WAS IN THE DEPTHS OF THE PANDEMIC. THERE WAS NO GOOD FACTOR FOR THEM NOT TO RETURN TO PAYING A REWARD. I DON ‘ T THINK THAT HAS ANYTHING TO ACCOMPLISH WITH PELTZ. THEY DID CHANGE SOME OF THEIR PROXY BALLOT
>> RULES TOO. THAT IS A LITE BIORE OF A REACTION TO PELTZ. I ASSUME IN GENERAL, THOUGH, I WEAR ‘ T KNOW THAT THEY FEEL A WHOLE LOT OF PRESSURE FROM PELTZ. HE CAN MAKE NOISE, BUT AT THE END OF THE DAY, I ASSUME HE HAS LESS THAN 2’% OF THE BALLOT. I DON ‘ T THINK SHAREHOLDERS IN GENERAL, WHILE, YOU KNOW, PERHAPS A FEW OF THE RADIATE HAS COME OFF OF BOB IGER IN HIS 2ND STINT, I PUT ON ‘ T THINK SHAREHOLDERS REALLY WISH TO SEE HIM GO, AND I DON ‘ T THINK IN GENERAL THEY THINK THAT PELTZ HAS ANYTHING TO INCLUDE IN THE DISCUSSION. > > SO, OF THESE PROTESTOR CAMPAIGNS, WHAT SHOULD INVESTORS AFTER THAT PROCEED TO EXPECT IN WHAT TH ‘ LLONTINUE TO OFFER THEM AS DISNEY TODAY REALLY HAS SIMPLY KIND OF BOUNCED OFF OF SEVERAL OF THOSE LOWS AND OF PROGRAM WE ‘ VE SEEN IT BE ABLE TO TRANSFER TO THE BENEFIT WITH SOME OF THE BROADER MARKET ACTIVITY OVER THE PREVIOUS MONTH OF NOVEMBER.BUT AT >> THE VERY SAME TIME, IT ‘ S STILL A WAYS OFF OF IN WHICH THE FIRM HAD BEEN IN SEVERAL OF ITS YEAR-TO-DATE HIGHS. > > YEAH, YOU UNDERSTAND, IGER CAME BACK. HE CUT A GREAT DEAL OF EXPENSES ON THE BUSINESS, AND NOW, HE KIND OF’IDENTIFIED THE NEED FOR DISNEY ‘ S MATERIAL ENGINES TO BEGINNING SUCCEEDING ONCE AGAIN. THEY HAVE HAD A VERY SOFT GO FOR THE BOX WORKPLACE POST-PANDEMIC AFTER HAVING HAD AN INCREDIBLY STRONG RUN PRE-PANDEMIC. SEVERAL OF THAT ‘ S JUST REVERSION TO THE MEAN, BUT I >> BELIEVE THERE ‘ S BEEN SOME SPECIFIC PROBLEMS AT A FEW OF THE STUDIOS THAT HE REQUIRES TO ADDRESS IN THE TWO-PLUS YEARS THAT HE HAS STAYING T T THEM BACK ON BETTER CREATIVE GROUND. AND AGAIN, I PUT ON ‘ T THINK EXTERNAL ACTIVISTS HAVE ANYTHING REALLY TO CONTRIBUTE TO THAT. > > DOUG, WHEN IT INVOLVES SOME OF THE HEADINGS THAT’BOB MADE AT “NEW YORK CITY TIMES ‘ S” DEALBOOK TOP EARLIER TODAY, HE DISCUSSED SEVERAL OF THE DISCUSSIONS AROUND THE TELEVISION SIDE OF THE SERVICE, WHETHER OR NOT THOSE PROPERTY HE CHECKS OUT AS PRIZED POSSESSION HERE FOR THE COMPANY TYPE OF SWITCHING AROUND AND STATING THAT, HI, HE BELIEVES IT MAKES SENSE FOR DISNEY TO HOLD ON TO THESE ASSETS.IS THAT SOMETHING THAT YOU BELIEVE IS CRITICAL WHEN YOU CONSIDER THE FUTURE OF “DISNEY AND WHAT THIS COMPANY IS GOING TO OK LIKE FIVE, 10 YEARS FROM CURRENTLY? > > YEAH, HE ‘ S SORT OF GONE BACKWARD AND FORWARD ON IT A LITTLE BIT. I THINK HIS EXISTING PLACEMENT MIGHT REFLECT THE REALITY THAT EVEN IF HE WISHED TO SELL THOSE PROPERTIES– AND I ‘ M NOT SURE THAT HE DOES– THERE MIGHT NOT BE A LOT OF BUYERS FOR THEM RIGHT NOW.
NO ONE REALLY WISHES TO SPEND IN LINEAR TELEVISION POSSESSIONS NOW, INCLUDING GENERAL INVESTORS. ALL THESE MEDIA STOCKS ARE TRADING AT REALLY LOW EBITDA MULTIPLES. THE FUTURE> OF LINEAR’TELEVISION IS VERY MUCH CONCERNED. AT THE SAME TIME AS THE LEVEL OF PROFITABILITY OF STREAMING IS ALSO IN QUESTION.
WHAT IT” S GOING TO TAKE TO CONTINUE THAT’ENERGY, THAT ‘ S WHAT THEY ‘ RE BRINGING UP. WE SAW THE FINANCIERS JUST STEER CLEAR OF THE MEDICAL TOOL SECTOR, BUT I ASSUME IN Q3, WE REALLY HAVE GOTTEN MORE INTELLIGENT IN UNDERSTANDING EREHE INFLUENCE EXISTS AND WHERE IT DOESN ‘ T.I EXPECT DISCUSSIONS TO CONTINUE INTO $24, ‘ 25, ‘ 26. NUMBER ONE, THE SURGE IN CHEMICAL OUTCOME OVERTAKING THE GROWTH IN THE CHINA BATTERYTPUT AND CHINA ‘ S IMPORTS OF SOME OF THE CONCENTRATE THAT ‘ S NECESSARY, PARTICULARLY FROM AUSTRALIA AND Z ZIMBABWE, ALL OF THAT COMPONENT OF THE STORM WE ‘ VE SEEN FOR LITHIUM COSTS. FOR EVEN MORE ON DISNEY ‘ S BATTLE WITH PELTZ, WE ‘ RE SIGNED UP WITH BY DOUG KROITS, TD COWEN ‘ S HANDLING DIRECTOR OF MEDIA AND AMUSEMENT. I PUT ON ‘ T THINK SHAREHOLDERS IN GENERAL, WHILE, YOU RECOGNIZE, PERHAPS SOME OF THE BEAM HAS COME OFF OF BOB IGER IN HIS 2ND STINT, I PUT ON ‘ T THINK SHAREHOLDERS REALLY NEED TO SEE HIM GO, AND I WEAR ‘ T THINK IN GENERAL THEY THINK THAT PELTZ HAS ANYTHING TO ADD TO THE DISCUSSION.WE KNEW THIS GOING ONE YEAR AGO, AND AFTER THAT THE PURPLE LINE IS WHAT IS ACTUALLY HAPPENS, AND THIS HAS BEEN A VERY CAREFULLY TRACKING SENSATION THAT WE” VE SEEN THIS YEAR, AND THAT ‘ S WHY WE ‘ VE BEEN TALKING ABOUT SEASONALITY SO MUCH. > > I ASSUME THERE ‘ S SO LOTS OF QUESTIONS HEADING INTO 2024 ABOUT HOW EXACTLY GROCERY STORE FIRMS, HOW EXACTLY CONSUMER STAPLES LIKE >> COCA-COLA, LIKE KRAFT HEINZ, HORMEL FOODS, SO MA PLACEMENT THEMSELVES TO MAKE CERTAIN THEY ‘ RE GIVING WORTH, RETAINING TRAFFIC IN THESE KROGER STORES, IN THESE OTHER GROCERY STORE RETAIL GIANTS, WHILE ALSO RETAINING IN MIND THAT WE ‘ RE SEEING GROCERY DEFLATION.EVERYONE ‘ S WONDERING, WAS THIS THE HEIGHT OF HIGHER COSTS? IT ‘ S BEEN EXTREMELY FRONT-LOADED, MUCH LIKE TAYLOR SWIFT ‘ S WAS.
WE KNEW THIS GOING ONE YEAR AGO, AND AFTER THAT THE PURPLE LINE IS WHAT IS ACTUALLY TAKES PLACE, AND THIS HAS BEEN A VERY CLOSELY TRACKING PHENOMENON THAT WE” VE SEEN THIS YEAR, AND THAT ‘ S WHY WE ‘ VE BEEN TALKING ABOUT SEASONALITY SO MUCH. WE BELIEVE ON THE USE OF THIS MODERN TECHNOLOGY IN ETHICAL AND BUT AT THE SAME TIME, THE RATE OF THE TECHNOLOGY WE” RE SEEING, I ‘ VE NEVER SEEN BEFORE. IT COMES DOWN TO RELEVANCY, NOT SIMPLY FINANCIAL DESIGN, AND THAT” S WHY A STRATEGY THAT ‘ S INNOVAON DVENS TH CORE. > > I THINK THERE ‘ S SO LOTS OF QUESTIONS HEADING RIGHT INTO 2024 ABOUT HOW EXACTLY GROCERY STORE FIRMS, HOW EXACTLY CONSUMER STAPLES LIKE >> COCA-COLA, LIKE KRAFT HEINZ, HORMEL FOODS, SO MA PLACEMENT THEMSELVES TO MAKE CERTAIN THEY ‘ RE OFFERING WORTH, KEEPING WEBSITE TRAFFIC IN THESE KROGER SHOP, IN THESE OTHER GROCERY RETAIL GIANTS, WHILE ALSO KEEPING IN MIND THAT WE ‘ RE SEEING GROCERY DEFLATION.EVERYONE ‘ S WONDERING, WAS THIS THE TOP OF HIGHER COSTS? IT ‘ S BEEN REALLY FRONT-LOADED, MUCH LIKE TAYLOR SWIFT ‘ S WAS.> > I THINK THERE ‘ S STILL CHANCES FOR SOME MOVIES TO LOSS RIGHT INTO SOME WINDOWS IN WHICH WE DON ‘ T HAVE A BIG LAUNCH. BEW EXPECTATIONS.A LITTLE LITTLE BIT FOR ‘ 24, I DO STILL THINK THERE ‘ S SOME OPPORTUNITIES.WHAT WE ‘ RE SEEING IS THE AMOUNT OF 100 TO $300 MILLION MOVIES ARE ABOUT THE SAME. UNTIL WE SEE TRULY GREAT PRESENCE, IT ‘ S DIFFICULT FOR THE AMC MODEL TO FUNCTION, AND THAT ‘ S WHY WE SIMPLY BROUGHT DOWN OUR ESTIMATES FOR ‘ 24 AND ‘ 25 FOR > > ALL RIGHT, ON THE VARIOUS OTHER SIDE THERE, SOME WELCOME NEWS TO THE EARS OF YAHOO!
> > CHAD, WHEN IT COMES TO THE HOLLYWOOD, THE STRIKE THAT WE SAW PLAY OUT IN EXACTLY THE IMPACT THAT IT ‘ S CONTINUING TO DAS, H BIG OF– IS THAT AT ALL GOING TO MOVE THE NEEDLE IN TERMS OF SOME OF THE PRESSURE THAT WE HAD BEEN ANTICIPATING AND WON ‘ T BE AS NEGATIVE AS SOME HAD BEEN AFRAID? > > I THINK THERE ‘ S STILL OPPORTUNITIES FOR SOME MOVIES TO AUTUMN INTO SOME WINDOWS WHERE WE DON ‘ T HAVE A BIG RELEASE. BEW EXPECTATIONS.A LITTLE LITTLE BIT FOR ‘ 24, I DO STILL THINK THERE ‘ S SOME OPPORTUNITIES.WHAT WE ‘ RE SEEING IS THE AMOUNT OF 100 TO $300 MILLION FLICKS ARE REGARDING THE SAME. UNTIL WE SEE TRULY GOOD ATTENDANCE, IT ‘ S DIFFICULT FOR THE AMC VERSION TO WORK, AND THAT ‘ S WHY WE JUST BROUGHT DOWN OUR ESTIMATES FOR ‘ 24 AND ‘ 25 FOR > > ALL RIGHT, ON THE VARIOUS OTHER SIDE THERE, SOME WELCOME NEWS TO THE EARS OF YAHOO! BELOW ‘ S WHAT WE ‘ RE VIEWING ON THIS FRIDAY.LET” S GENERATE LINDSAY ROZ NER GOLDMAN SACHS, HEAD OF MULTISECTOR FIXNCOME INVEIN INVESTING. LET ME OBTAIN YOUR REACTION OF WHAT YOU” RE HEARING FROM THE FED CHAIR. ON ONE HAND WE SPOKEN WITH FED OFFICIALS SETTING THE ASSUMPTION RIGHT HERE THAT THINGS MAY BE USED UP TERMS OF PRICE WALKINGS, AND YET, HERE YOU” VE GOT THE FED CHAIR HIMSE EXPRESSION NOT SO FAST. >> > > WELL, I THINK THEY HAVE TO TAKE CARE, RIGHT? IT” S BEEN VERY DIFFICULT TO FIND OUT THE BEST TRAJECTORY OF HOW RISING COST OF LIVING IS GOING TO GO AND HOW THE ECONOMY IS GOING TO RESPOND TO RATES BEING HIGHER. I THINK POWELL IS DOING EXACTLY WHAT HE NEEDS TO DO, WHICH IS SAY, WE HAVE TO LOOK AT THE INFORMATION. WE HAVE TO BE OPEN TO WHAT OCCURS NEXT. THAT BEING SAID, OUR COMPANY BELIEVE THAT JULY WAS, AS A MATTER OF FACT, THE LAST WALK AND WE ARE SEEING A SOFT LANDING. THE RECESSION PROBABILITY HAS COME DOWN.ALL OF THIS GIVES A LOVELY BACKGROUND FOR DEALT WITH EARNINGS HEADING RIGHT INTO 2024. > > HOW DO YOU SEE THAT BACKDROP >> HAVING FUN OUT? I MEAN, IF YOU WERE A BOND CAPITALIST EARLIER THIS YEAR, YOU SAW SOME BIG GAINS. > > ESPECIALLY NOVEMBER HAS BEEN NOT ONLY A >> WONDERFUL MONTH, AS YOU WERE SAKING PRIOR TO ABOUT EQUITIES, IT ‘ S BEEN A REALLY STRONG MONTH’FOR BONDS AS WELL.IT ‘ S TAKEN COMPLETE RETURN IN LOTS OF CIRCUMSTANCES
TO POSITIVE ON THE YEAR, AND AS YOU GO FURTHER OUT, ENCOUNTER THINGS LIKE HIGH RETURN, FINANCIAL INSTITUTION LOANS EVEN BETTER. HOW WE THINK THIS ALL PLAYS OUT GOING FWARD IN 2024 IS WE ‘ RE IN A VERY DIFFERENT AREA RIGHT NOW THEN WE WERE AT THE BEGINNING OF 2023. WHAT I INDICATE BY THAT IS WE HAVE PERIOD AS OUR FRIEND. SAID ANOTHER METHOD, PASSION RATE LEVEL OF SENSITIVITY, HOW THAT CAN AFFECT YOUR PORTFOLIO, THE DISADVANTAGE IS MUCHMALL THAN THE PROSPECTIVE UP SIDE. AND THAT CROOKEDNESS IS An EXCELLENT ONE, THEREFORE FOR BOND INVESTORS, WE THINK THAT YOU ‘ RE LOOKING AT A YEAR OF NUMBERS LIKE 5 OR 6% COMPLETE RETURN IN EXCELLENT QUALITY FIXED INCOME, AND IF YOU WISH TO GO INTO THE LOWER RATED BUSINESS, YOU CAN TAKE A LOOK AT RETURNS LIKE 8, 9, 10 %. THAT ‘ S A GREAT LOCATION TO BE. AND FIXED INCOME IS SUPPOSED TO BE An EXCELLENT BALANCE IN YOUR PORTFOLIO, AND WE THINK YOU ‘ RE REALLY GOING TO SEE THAT THIS YEAR, AND FOR THAT REASON, 2024 IS, ACTUALLY, THE YEAR OF THE BOMB. > > SO WE N TK A BIT EVEN MORE REGARDING WHAT YOU ASSUME THE BOND OR THE DEALT WITH INCOME MIX MUST RESEMBLE IN THE PORTFOLIO.AS WE TRACK TREASURY YIELDS TODAY, I MEAN, WE HAVE SEEN A HUGE PULLBACK AT LEAST IN THE MONTH OF NOVEMBER.
WHERE DO YOU EXPECT THEM TO TRACK AT LEAST IN THE TOOL TERM? IS THIS DISCUSS A 5% YIELD SORT OF DONE FOR NOW? > > I ASSUME AT THIS MOMENT IN TIME, WE ‘ RE GOING TO PROFESSION IN An ARRAY, AND 5% DOES FEEL LIKE SOMETHING OF THE PAST. AND THAT WHERE WE ARE NOW SEEMS LIKE THE RIGHT ZIP CODE,’ESPECIALLY IN THE FRONT END OF THE CURVE, SO THE STHHORTER YIE.WHY THOSE YIELDS HAVE BOIL DOWN, WE ‘ RE STARTING TO CSEE INFORMATION THAT ‘ S KRCORROBORATING. THEY SANCTUARY ‘ T SQUASHED THE ECONOMIC CLIMATE
. THAT WAS THE ISSUE THAT BROUGHT ABOUT THE GO UP IN YIELDS, THAT’, OH, NO, INFLATION IS REALLY OUT OF CONTROL. HOW IS THE FED GOING TO RESPOND, IN WHICH ARE WE GOING FROM BELOW. NOW WE ‘ RE SEEING THAT THIS IS ALL REALLY WORKING AND HOW WE ‘ LL BE CORROBORATING THAT TODAY. NOW THE ECONOMY REALLY FEELS OKAY, AND THE MARKET FEELS EVEN MORE CONFIDENT THAT THE FED CAN SAY THE TASK OF HIKING IS DONE, AND NOW THEY HAVE TO NUMBER OUT HOW LONG THEY ‘ RE GOING TO HOLD, AND OUR IDEA IS THAT THERE MAY BE VALUED RIGHT INTO THE MARKET.M SORRY, BUT THAT BY THE BACK HALF OF THE 2024, THE FED CAN BEGIN TO BRING DOWN THAT PLAN PRICE BECAUSE IT WAS RESTRICTIVE ENOUGH.SO WE THINK AS An OUTCOME, YIELDS IN THE FRONT END ARE POSSIBLY GOING TO COME A LITTLE BIT LOWER. WHAT WE INK IS YIELDS IN THE BACKSIDE OF THE CONTOUR MAY ACTION HIGHER, AND SO YOU ‘ RE GOING TO OBTAIN THAT RETURN CURVE STEEPENING THAT WE HAVE BEEN SEEING. AS A RESULT, WE THINK IT ‘ S REALLY ESSENTIAL TO HAVE AN’ACTIVE SUPERVISOR IN FIXED EARNINGS, YOU SELECT THE RIGHT COMPONENTS OF THE CONTOUR TO COLLECTION YOU UP FOR HOW THIS NEXT YEAR I GOING’TO PLAY OUT. > > SO LINDSAY, GIVEN YOUR EXPECTATIONS GOING INTO 2024, WHAT DOES THAT FIXED EARNINGS PROFILE LOOK LIKE.YOU MENTIONED TYPE OF THE LONGER END OF THE RETURN CONTOUR, ONE METHOD TO PLAY IT.> BUT COMPANY BONDS TOO, WHAT ‘ S THAT MIX FOR YOU? > > OUR MIX THAT WE THINK IS GOING TO PERFORM BEST IS INTERMEDIATE, HIGH HIGH QUALITY DEALT WITH REVENUE. WE ‘ RE TALKING INVESTMENT GRADE CORPORATES, COMPANY MORTGAGE-BACKED SECURITIES, ALL TASTES OF FINANCIAL INVESTMENT QUALITY >> HIGH TOP QUALITY BONDS IN SOMEWHERE BETWEEN THE 5 TO ONE DECADE DURATION OR COMPONENT OF THE CURVE. THAT WILL GIVE YOU SOMETHING LIKE 5 TO 6%YIELD, WHICH OUGHT TO BE REALLY ATTRACTIVE. THCURVE AND OBTAINING A GOOD TF MIX, A VARIED TEAM OF POSSESSIONS WILL CERTAINLY OFFER YOU WELL. > > CERTAINLY A GREAT DEAL OF PEOPLE BEARING IN MIND AFTER THE YEAR WE ‘ VE HAD. LINDSAY ROSNER, HEAD OF MULTISECTOR FIXED EARNINGS INVESTING, GOOD TO TAL TO YOU ON THIS FRIDAY. > > THANKS FOR HAVING ME. YOU AS WELL. > > > THE COMPANY HAS TIES TO
>> 10%OF ALL PHYSICIANS IN THE U.S. THE COUNTRY ‘ S LARGEST WELLNESS INSURANCE FIRM DISCLOSING THE NUMBER AT FINANCIER DAY THIS WEEK.FOR MORE, LET ‘ S GENERATE YAHOO! FINANCE ‘ >>> S ANJALEE KHEMLANI. WHAT ARE THE IMPLICATIONS OF THIS? > > AS YOU WOULD IMAGINE, HAVING A LINKUP WITH AMONG THE BIGGEST INSURANCE PROVIDERS IN THE COUNTRY
SIMPLY INDICATES THAT THIS IS ADDING TO UNITED HEALTH AND WELLNESS ‘ S STAMINA. THE BUSINESS HAS BOASTED IN THE >> PREVIOUS THAT IT GOT TO 70,000 THE YEAR BEFOREANDO CURRENTLY REACHING THE 90,000 MARK IS JUST ANOTHER MILESTONE. THIS NOW MAKES UP 10%OF ALL ACTIVE MEDICAL PROFESSIONALS IN THE UNITED STATES WHICH IS ABOUT 950,000, ACCORDING TO THE AMERICAN MEDICAL ASSOCIATION.FOR IS IT TYPE OF TELLS THE ING-TALE OF WHERE UNITED HEALTH AND WELLNESS IS HEADED AS A VERTICALLY INTEGRATED FIRM FOCUSING ON HEALTH AND WELLNESS TREATMENT SOLUTIONS AND MAINTAINING EVERYTHING UNDER THE UMBRELLA OF UNITED WELLNESS.
THAT ‘ S BEEN SOMETHING THAT ‘ S BEEN A PROBLEM FOR MANY OVER THE YES, A REAY IS A PART OF THIS TRAJECTORY THAT THIS BUSINESS COULD BE AMONG THE LARGEST, YOU UNDERSTAND’, NOT THAT’IT ISN ‘ T ALREADY, COULD BE ONE OF THE LARGEST IN THE COUNTRY.I ‘ VE HAD SOME EXPERTS TELL ME, TRLIONOLLAR HEALTHCARE IRST COMPANY, AND IT CERTAINLY SEEMS WITH THE FUNCTIONS THAT THEY HAVE, WITH THE THINGS THAT THEY HAVE IN THE FUNCTIONS, IT COULD CERTAINLY MEET THAT. > > WHERE DOES THAT LEAVE SOME OF THE OTHER BIG HEALTH AND WELLNESS INSURANCE COMPANIES, AFTER THAT? > > WE ALREADY KNOW THAT CVS IS ALSO RAMPING UP ITS SERVICE PROVIDER SERVICES.IT RECENTLYCQUIRED SIGNIFY, IN ADDITION TO OAK STREET, AND SO YOU >> SEE THAT INITIATIVE THERE. THEY ALSO HAVE THE MIN FACILITIES. THESE TWO ARE THE PRIMARY COMPETITORS IN THE AREA. WE ALSO FIND OUT ABOUT THE REPORTED CIGNA, HUMANA OFFER. HUMANAOES HAVE MEDICAL CARE, REALLY FOCUSING ON ELDERLY CARE. THAT ‘ S IN WHICH A MAJORITY OF THE EMPHASIS HAS BEEN SO UNITED DOES HAVE KIND OF A HEAD BEGINNING, IF YOU WILL, IN THIS SPACE. WE HAVE ALSO SEEN OTHER HEALTH AND WELLNESS CARE GIANTS LIKE WALGREENS SIGNAL THEY HAVE AN INTEREST IN GETTING INVOLVED IN THE’PROVIDE ROOM, AND WON AMAZON MEDICAL TIE UP.A LOT OF THIS IS SHIFTING WHAT THEY CONSIDER TO HOW PROVIDER SERVICES ARE SUPPLIED BELOW IN THE COUNTRY. > > YEAH, FASCINATING TO BE MONITORING THAT CHANGE. YAHOO! MONEY REPORTER ANJALEE KHEMLANI, THANK YOU SO MUCH FOR THAT.
> > > WELL, ALL YOUR MARKETS ACTION AHEAD, STAY TUNED, YOU ARE ENJOYING YAHOO! FINANCING. > > > CAPITALISTS ARE PRESSING BACK HIER F LONGER PRICE MESSAGE ‘ S AS WE GO INTO THE LAST MONTH OF THE YEAR. THEY ARE KEEPING AN EYE OUT FOR FED CHAIR JAY POWELL ‘ S COMMENTS TODAY IN LOOKING TO THE DECEMBER CONFERENCE. ARGUMENT OVER ACHIEVING A SOFT TOUCHDOWN LINGERS. OUR NEXT VISITOR ASSUMES THE RISKS LOOK BALANCLD. LET ‘ S BRING ‘IN CHIEF ECONOMIST, PAUL GRUNWALD. IF DETAILS LOOK BALANCED, WHAT DOES THAT INEVITABLY’MEAN? IS THE FED GOING TO STICK THE SOFT TOUCHDOWN? > > MANY THANKS FOR HAVING ME ON THE SHOW. WE THINK THAT ‘ S ONE OF THE MOST LIKELY WEAVE CONTINUED TO UNDERESTIMATE THE STRENGTH OF THE LABOR MARKET IN THE U.S., WHICH ‘ S REALLY THE KEY SAUCE, AS LONG AS SERVICE COSTS CONTINUES TO BE ROBUST, AND AS LONG AS THE LABOR MARKET, WHICH IS DRIVEN BY THAT REMAINS ROBUST, WE THINK THAT THE FED CANISTER SLOW THE ECONOMIC SITUATION AS A RESULT OF THEIR PRICE HIKES, AND, YOU’RECOGNIZE, COME DOWN TO An EVEN MORE LASTING PATH.WE ‘ RE GOING TO HAVE TO GROW BELOW CAPACITY, KIND OF 1, 1 1/2 FOR A YEAR OR TWO TO GET THE EXTRAS, HOWEVER, FOR US TODAY, THAT ‘ S THE MOST LIKELY SITUATION. > > THERE IS A BIT OF MESSAGING HAPPENING OBVIOUSLY FROM THE FED MARKET RUN AHEAD NOT SIMPLY ON THE ASSUMPTION THAT THE RATE TREKING CYCLE IS DONE BUT THERE COULD BE CUTS INTO NEXT YEAR. HOW DO YOU SEE THE MESSAGING COMING TODAY AS >> THE FED ATTEMPTS TO MAINTAIN OPTIONALITY AVAILABLE? > >. THAT ‘ S A LITTLE BIT OF An EQUILIBRIUM. YOU KNOW, THE FED CONOLS THE SHORT-TERM POLICY PRICE, BUT THEY NEED THE MARKETS TO DO THE ACTUALLY WORK VIA THE FINANCIAL CONDITIONS.SO WHEN THE FED OR ANY CENTRAL FINANCIAL INSTITUTION STARTS TO> TIGHTEN, THAT HAS AN IMPACT ON YIELDS AND SPREADS, AND ASSET COSTS AND EVERYTHING ELSE. IF THE MARKET STARTS TO EASE TOO FA, FOR INSTANCE, THAT REDUCES S FINANCIAL CONDITIONS
TOO EARLY, AND TYPE OF BOOSTS THE POSSIBILITY THAT THE CENTRAL BANK NEEDS TO DO MORE. SO I THINK THE FED WOULD PREFER NOT TO PERFORM EVEN MORE NOW, AND LET THE MARKETS DO THE WORK, BUT THE JOB OF THE MARKETS NOW IS TO SORT OF KEEP THOSE FINANCIAL CONDITIONS TIGHT IF WE ‘ RE CONTINUING TO SEE DROPS IN BOND YIELDS, THAT ‘ S SORT OF GOING IN THE INCORRECT DIRECTION. > > I WAS GOING TO SAY THAT, IF YOU THINK OF EASING, WE HAVE SEEN THOSE BOND RETURNS PULL BACK, QUICKLY, AT LEAST IN THE MONTH OF NOVEMBER. IS THAT An ISSUE FOR THE FED OR ARE WE STILL KIND OF AT’THIS RATE WHERE THEY FEELING COMFORTABLE WITH WHERE THE MARKETPLACE IS> HEADED, AT THE VERY LEAST ON THE YIELD SIDE OF THINGS. > > WE THINK THE DECEMBER MEETINGS NOT A GAMBLES, BUT STILL An OPPORTUNITY THE FED MAY NEED TO TIGHTEN UP EVEN MORE. AGAIN, IF THE FINANCIAL ISSUE OUT THERE AREN ‘ T RESTRICTIVE ENOUGH TO SLOW THE ECONOMIC SITUATION AND THE JUDGMENT OF THE FED, THEY ‘ LL HAVE TO >> DO MORE.THIS IS NOT JUST A FED ISSUE. WE HAVE HEARD THE VERY SAME FROM ELDERLY FOLKS AT THE EUROPEAN CENTRAL BANK ALSO. AGAIN, THE MAIN FINANCIAL INSTITUTIONS CONTROL THAT TEMPORARY TOOL BUT THEY REQUIRED THE MARKETS TO PRODUCE THOSE TIGHT PROBLEMS. IF’THE MARKETS TYPE OF G AHEAD
OF THE VIDEO GAME AS YOU SAID, AND SHOT TO ALLEVIATE DETAILS TOO EARLY, THAT MAKES THE CENTRAL FINANCIAL INSTITUTION ‘ S TASK HARDER AND RAISES THE POSSIBILITY THEY MAY HAVE TO TIGHTEN A LITTLE MORE. > > YOU STATED THE EXPECTATION GOING INTO NEXT YEAR, YOU KNOW, SURE, THERE COULD BE A SOFT TOUCHDOWN, BUT WE ‘ RE LOOKING AT SUB 2%GROWTH RIGHT HERE. WHAT ‘ S THE ONE POINT THAT YOU ‘ RE VIEWING BELOW’THAT YOU THINK COULD DERAIL THAT NARRATIVE. > > AS I SAID EARLIER, IT ‘ >> S REALLY THE LABOR MARKET. THE LABOR MARKET HAS BEEN A PLEASURABLE SURPRISE IN THE UNITED STATE AND SOMEWHERE ELSE. THE OTHER THING THAT REALLY SURPRISED IN THE U.S.LABOR MARKET, LAST QUARR, WAS LABOR PERFORMANCE SORT OF JUMPED, SO UNIT LABOR EXPENSES, THE EXPENSES OF WORKERS IN FACT FELL, WHICH IS QUITE A POSITIVE SIGN FOR THE MARKETPLACE. OUR SIGHT IS AS LONG AS THE LABOR MARKET STRENGTH HOLDS UP, AT A DETERMINED PACE.E THE ECONOMY IF THE LABOR MARKET BEGINS TO GO SOUTH, AND WE ‘ LL SEE THAT IN THE PAYROLL NUMBERS IF THAT OCCURS, THAT IMPLIES THAT THE ECONOMY IS PROBABLY GOING INTO A TOUGHER LANDING OR RECESSION, AND FED WOULD BE CUTTING EARLIER. THAT ‘ S NOT THE STANDARD, BUT THE ONE KEY VARIABLEATCH IN OUR VIEW. > > PAUL, LET ‘ S SPEAK ABOUT WHAT ‘ S PLAYING OUT OVER IN DUBAI. IT ‘ S NOT JUST GLOBE LEADERS BUT MAGNATE COLLECT FOR COP28 TO ADDRESS THE CLIMATE DILEMMA. ONE BREAKTHROUGH AT LEAST ON THE FIRST DAY THERE WITH’THE LOSS AND DAMAGE FUND BEING ESTABLISHED. YOU ‘ VE DONE SOME IERESTING RESEARCH STUDY OVER AT’S&P, ESPECIALLY ON THE INFLUENCE, THAT PHYSICAL RISK FROM ENVIRONMENT COULD HAVE ON GROWTH GLOBALLY.I MARVEL IF YOU CONTAINER TALK WITH THAT AND WHETHER THAT ANALYSIS, THE INFLUENCE HAS ACTUALLY TRANSFORMED. > > RIGHT. SO WE SIMPLY PUBLISHED A CALLED LOST GDP, AND WE ‘ RE RIGHT TO HANDLE HOW MUCH GDP COULD BE AT DANGER IF, YOU RECOGNIZE, THE ENVIRONMENT CONTINUES TO WEAKEN AND THESE DANGERS MANIFEST.
WE CAME WUP WITH A NUMBER OF 4% GDP ANNUALLY BY 2050. IN ORDER FOR THAT TO HAPPEN, WE WOULD NEED TO BREACH THE 2 LEVELS CELSIUS MARK THAT EVERYBODY IS SEEING VERY CLOSELY. THIS IS SUPPOSED TO BE A STOCK TAKING EXERCISE.pWE ‘ RE GOING TO CLOSELY WE ‘ RE FOLLOWING THE PARIS AGREEMENT, AND THE INNOVATION PICTURE AND THE EQUITY IMAGE. IF WE CAN MAKE SOME PROGRESSION, everyone IS GOING TO OBTAIN WITH EACH OTHER AND SEE. I ASSUME, YOU RECOGNIZE, THE LAST PAIR OF MEETINGS, THERE ‘ S MERGING AROUND WHAT REQUIRES TO BE DONE. THERE ‘ S STILL’A FEELING THAT WE” RE BEHIND, AND ONCE AGAIN, THE TEHNOLOGY PIECE, THE FUNDING PIECE AND EQUITY NEWS RELEASE ARE GOING TO SHOT TO MAKE PROGRESS ON ALL LEE OF THOSE. > > THAT HIT TO GDP, EVEN MORE THAN 4%. HOW DOES THAT PLAY? I MEAN, THAT ‘ S GLOBAL GDP. HOW DO YOU ASSUME THAT PLAYS OUT BETWEEN DEVELOPED NATIONS AND ESTABLISHING COUNTRIES? THERE ‘ S INCREASING PROBLEM ABOUT THIS HUGE DIVIDE, THIS DIVIDE THAT PROCEEDS TO GROW. THE COUNTRIES THAT ARE MOST IMPACTED ARE THE ONES THAT CANISTER ‘ T SPEND FOR THE TRANSITION. > > THAT” S. THE EFFECT OF THE 4IS QTE UNEVEN. SOUTHEAST ASIA TAKES An OUT OF PROPORTION HIT. A FEW OF THE’ISLAND ECONOMIES AS WELL, AND THE WORLDWIDE NORTH OF THE SOPHISTICATED COUNTRIES ARE KIND OF LOW ON THE LISTING, SO, AGAIN, I ASSUME EQUITY IS GOING TO BE A BIG CONCERN AND A BIG ISSUE. >> WE UNDERSTAND THAT A LOT OF THE CARBON IN THE ATMOSPHERE WAS PUT THERE BY THE CURRENT INDUSTRIALIZED COUNTRIES AND DEVELOPING COUNTRIES, INTEND TO CAPTURE and expand UP. THEY ‘ RE GOING TO TAKE THE GREATEST HIT FROM ENVIRONMENT MODIFICATION, AND ONCE AGAIN, AT COP28, AND OTHER FORUM, WE ‘ RE GOING TO HAVE TO GET THE FUNDING AND PROTECTIPROTECTION AND CUSHIONING FOR THE MANY IMPACTED NATIONS. WE SHOULDN ‘ T ANTICIPATE THEM TO BE EVEN OR ATTIRE, BECAUSE THAT CERTAINLY IS NOT THE INSTANCE REGARDING OUR RESEARCH STUDY TELLS US. > > LET ‘ S SPEAK ABOUT THE IMPACT TO BUSINESS. CERTAINLY A GREAT DEAL OF BUSINESS REPRESENTED AT DUBAI. WHAT WE ‘ RE SINGS INTERESTING. A FEW YEARS BACK IT WAS ABOUT THERE” S GRAND STATEMENTS CONCERNING NET ZERO. A GREAT DEAL OF THOSE TIME FRAME HAVE BEEN PRESSED BACK AS THESE COMPANIES ASSESS WHAT ‘ S >> NECESSARY TO REACH THOSE TARGETS. AS YOU CONSIDER THE FINANCIAL DANGERS, THE INFLUENCE TO THESE COMPANIES’, AS THA GROWN IN ADDITION TO THE CLIMATE THREATS THAT WE HAVE SEEN? WHEN’YOU ‘ RE TALKING ABOUT WHAT ‘ S ALREADY PLAYED OUT THIS YEAR, THE BEST YEAR ON DOCUMENT. > > PERMIT ME TO TAKE YOUR FIRST FACTOR FIRST BECAUSE, YOU RECOGNIZE, THERE ARE A WHOLE LOT OF DECLARATIONS TO BE INTERNET NEUTRAL AT SOME FUTE DATE, 2050, 2060 OR WHATEVER.THERE WEREN ‘ T COURSES TO GET THERE. ONCE YO BEGIN LOOKING AT’THE COURSE, AND THE TRANSITION WITH KNEE ED TO MAKE. WE DEMAND TO DECARBONIZE THE NONRENEWABLE FUEL SOURCE MARKET, AND OTHER FUELS, AND WHAT ARE THE EXPENSES AROUND THAT. DIFFERENT SECTORS WILL CERTAINLY BE IMPACTED IN A DIFFERENT WAY BY THAT.
I BELIEVE THERE” S A MORE MATURE CONVERSATION THAN THERE WAS A NUMBER OF YEARS BACK, WHICH IS NOT SIMPLY THE TARGETS BUT THE PATH AND THIS CHANGE, AND HOW DO WE FINANCE THAT, AND THE EQUITY ISSUES WE DISCUSSED BEFORE. AS WE GET A BETTER TAKE CARE OF ON THELIMASCIENCE, AND AS WE GET TYPE OF MORE QUALITY AROUND THE COURSE TO MOVE AWAY FROM FOSSIL FUELS AND DECARBONIZE THAT, AND STEP TO RENEWABLES, THAT ‘ S GOING TO PROVIDE A BETTER PHOTO TO COMPANIES OF WHAT THEIR RISKS ARE. IN A FEELING, WE ‘ RE EARLY IN THAT VIDEO GAME, AND WE ‘ RE SERVICING THAT AT S&PLOBA BUT, YOU UNDERSTAND, THAT ‘ S SOMETHING WHERE WE ‘ RE GOING TO REMAIN TO FINE-TUNE THE NUMBERS AS THE SIGNS COME TO BE CLEAR AND THE FINANCING TRADEOFFS’END UP BEING CLEARER ALSO. > > YEAH, A GREAT DEAL OF THIS HAS TO DO WITH INFORMATION GATHERING TOO. S&P GLOBAL CHIEF ECONIST, PAUL GRUNWALD, GOOD TO TALK WITH YOU, THANK YOU SO MUCH FOR THE TIME. > > > THE U.N. CLIMATE’MODIFICATION KOE CONFERENCE WELL UNDERWAY AS LEADERS GO OVER UPTES OM THE PAST YEAR. ONE OF THE FASCINATING CONVERSATIONS IS THE STAGE DOWN OF NONRENEWABLE FUEL SOURCE USAGE. THE INTERNATIONAL ENERGY AGENCY OR IEA FINDING IN 2023 THAT THE MOMENTUM BEHIND CLEAN ENERGY, THE GLOBE GETS ON TRACK TO SEE ALL FOSSIL >>> FUELS PEAK PRIOR TO 2030. THE SHARE OF COAL, OIL, AND GAS AND WORLDWIDE POWER SUPPLY HAS BEEN STUCK AROUND 80 %FOR THE PAST FEW YEARS, AND THE IEA ‘ S SEARCHINGS FOR SAY IT ‘ S TRIMMING DOWNWARD TO HIT ABOUT 73 %BY 2030. BUT THE RECORD ALSO NOTED THAT WHILE TRANSITIONING MIGHT BE DIFFICULT, WITH GEOPOLITICAL SCENARIOS TAKING PLACE ALL OVER THE WORLD, GOVERNMENTS FIGHTING INFLATION, THE RATE TO DEVELOP AND SCALE UP INVESTMENT IN NEW CLEAN ENERGY REQUIRES TO INCREASE, ESPECIALLY IN EVEN MORE EMERGING’AND VELONG ECONOMIC SITUATIONS BEYOND CHINA. > > > ALL YOUR MARKETS ACTION AHEAD, STAY TUNED, YOU ‘ RE VIEWING YAHOO! MONEY. > > WHAT WAS ONE. OF THE LARGEST OBSTACLES YOU DEALT WITH? > > JUST HOW MUCH DOES THAT RAISE THE CHANCES FOR An ECONOMIC DOWNTURN. > > WHERE DOES GENERATIVE AI MATCH YOUR PORTFOLIO? > > I ASSUME IT ‘ SPORTANT. IS IS RIGHT STUFF THAT GETS ME OUT OF BED. >>> TERMINATED UP. > > WHAT ‘ S THE GATEWAY, THE NEW BRIDGE TO OPPORTUNITY? >
>> > DOESN ‘ T ISSUE IF IT ‘ S A SOFT >> LANDING OR A TOUGH TOUCHDOWN. > > BIG MEETING, I CAN >> ‘ T WAIT. > > HIGH COURT OUT WITH A JUDGMENT ON PRESIDENT BIDEN” S STUDENT FINANCIAL DEBT TERMINATION. > > LET ‘ S TURN CURRENTLY TO CURRENT TECH INCOMES. IF YOU SEE THEM CLOSELY, > > GIVE YOUNFORMATION. > > GARY GENSLER, THANK YOU A LOT. > > PART OF WHAT DAVOS IS ABOUT >> IS SHARING BEST TECHNIQUES, STEPPING FORWARD WITH IDEAS AND ENABLING THOSE CONCEPTS RIGHT INTO ACTIVITY. > > I WOULD ADD THERE ‘ S MORE TO FIND ON THIS.
>> > > WE KEEP PROCING PRODUCTS THAT HELP PEOPLE LEAD HEALTHIER LIVES. > > THIS IS ONE OF THE ROOMS THEY USE TO MIMIC LIGHT IN THE SPACE. >> > > FIND OUT IN WHICH YOUR MONEY IS GOING NOW. YOU OBTAINED TO RANGE THAT OUT, AND THE NUMBERS REALLY INFORM THE TALE. > > WHAT DOES ALL OF THIS MEAN >> FOR YOU? > > KEEP IT TUNED INTO YAHOO! FINANCING. >> HAS OBSTRUCTED A STATEWIDE RESTRICTION ON TIKTOK FROM GOING INTO IMPACT NEXT YEAR.THE ACTION PUTS A >> STOP TO THE FIRST ATTEMPT IN THE UNITED STATE FOR A FULL RESTRICTION OF THE PROMINENT >> APPLICATION. AT THE VERY LEAST BRIEFLY. ALEXIS KEENAN SIGNS UP WITH US WITH MORE. ALEXIS, THIS IS A SHORT-LIVED VICTORY FOR >> THE APPLICATION, BUT HOW IS THIS LIKELY TO >> RELOCATE FORWARD? > > YEAH, SO THIS FEDERAL COURT IN MONTANA, HE MADE THIS DECISION ON THIS ASK FOR AN INJUNCTION, AND IT PREFERS TIKTOK TIKTOK THE BUSINESS ITSELF OVER MONTANA ‘ S LEGISLATURE. AND THE LEGISLATURE, WHAT IT WAS GOING TO DO WAS BLOCK BOTH DOWNLOADS AND USAGES OF TIKTOK. THAT LAW WAS COLLECTION TO GO INTO EFFECT IN THE STATE IN JANUARY, SO THE LAW, THOUGH, IT WAS COME ON >> MAY, WHICH SOUGHT THE FEDERAL FEDERAL GOVERNMENT, IN ADDITION TO 25 OR MORE STATE GOVERNMENTS OUTLAWED TIKTOK ON GOVERNMENT TOOLS, WHICH WAS OVER NATIONAL SECURITY CONCERNS.AND THE FEAR THERE IS THAT TIKTOK ‘ S PROPRIETOR, BYTEDANCE, COULD HELP PURPORTEDLY SPY ON AMERICANS BECAUSE IT IS TOPIC TO A CHINESE LAW, AND AFTER THAT INEVITABLY THE CHINESE GOVERNMENT. NOW, MONTANA SAID THAT THIS REGULATION SAFEGUARDS CUSTOMERS BY SUPER ACCESSIBILITY, WHAT THEY STATED IS THAT CHINA ‘ S GOVERNMENT HAD THIS, LIKE, OVERALL, JOOVERREACHING ACCESSIBILITY INTO ALL USERS ACCOUNTS
ON TIKTOK, WHETHER THOSE ARE AMERICANS OR USERS ACROSS THE GLOBE. TIKTOK AND THE USERS FOR THEIR COMPONENT, THEY ARGUED THAT THE LEGISLATION WAS UNCONSTITUTIONAL. IT BREACHED FIRST MODIFICATION PROTECTIS TOREE EECH, IN ADDITION TO THE BUSINESS CONDITION, ALONG WITH FOREIGN EVENTS CONDITIONS. BUT IT REALLY HIGHLIGHTS THIS CHOICE DOES, THE DIFFICULTY THAT FEDERAL GOVERNMENTS HAVE IN FACING THESE AND RESOLVING THESE ISSUES OVER CUSTOMER INFORMATION BEING SECURED. NOW, T U.S. FEDERAL GOVERNMENT, IT HAS ALREADY BEEN IN NEGOTIATIONS WITH TIKTOK TO SEARCH FOR A REMEDY FOR THIS PURP PURPORTED TROUBLE, BUT THE STATUS OF THOSE ARRANGEMENTS A BIT UNCLEAR.IN MARCH, YOU RETURN EARLIER THIS YEAR, YOU HAD TIKTOK CEO AFFIRMING PRIOR TO CONGRESS ABOUT THESE CONCERNS. PRIOR TO THAT, YOU HAD AN EXEC ORDER BY HEAD OF STATE TRUMP THAT FELL SHORT. IT NEEDS THAT TIKTOK TAKE ITS U.S. ENTITY AND UNLOAD IT TO A UNITED STATE FIRM. YOU LIKEWISE HAVE SOME LEGISLATION THAT ‘ S ON THE TABLE THAT WOULD PROVIDE THE BUSINESS DIVISION THE THAT POSTURES A NATIONAL SECURITY DANGER. CURRENTLY, IT ‘ S VITAL, THOUGH, WHEN YOU ‘ RE LOOKING AT THIS CHOICE TO STEP
BACK AND SEE THAT THE COURT DID LEAVE SOME ROOM, AND IN HIS WRITING ON THIS CHOICE, HE HAS ACTUALLY SAID IN THE FIRST MODIFICATION EVALUATION, IT DOESN ‘ T QUIT MONTANA OR ANY OTHER STATE, LET ‘ S SAY, FROM TRYING TO SECURE CONSUMERS.HE STATED DUE TO THE FACT THAT THE LEGISLATURE HANDWRITTEN THIS REGULATION, HE CLAIMED, UTILIZED AN AX TO SOLVE ITS PROFESSED CONCERNS WHEN IT NEED TO HAVE MADE USE OF A CONSTITUTIONAL SCALPEL. WHAT HE ‘ S SAYING IS HE WANTS THIS TO BE EVEN MORE FINE TUNED IN’ORDER TO EVEN SHOT TO WITHSTAND THIS FIRST CHANGE SCRUTINY HERE. AKIKO. > > SO DOES THIS MEAN THAT THIS SPECIFIC CASE, AT LEAST THIS RULING DOESN ‘ T NECESSARILY COLLECTION A CRITERION FOR ALL THE OTHER EFFORTS TO TRY AND RESTRICTION THE APP? > > YES AND’NO. SINCE THIS IS AN ORDER TO S STOP THE LEGISLATION
FROM WORKING, WHAT IT CALLS FOR IS AN ANALYSIS BY THE COURT TO LOOK AT THE OFFENSES THAT ARE BEING ALLEGED AND SAY WOULD THE PLAINTIFFS THAT ARE BRINGING THIS INSTANCE, WOULD THEY DID WELL ON THE MERITS? THAT IMPLIES, WOULD NEIGH THEY SUCCEED ON THE UNDERLYING INSTANCE, AND THIS COURT ‘ S DECISION IS, YES, THE COMPLAINANTS WOULD SUCCEED. IT DOES, PERHAPS, SET A PRECEDENT IN TERMS OF’EVALUATION BECAUSE IF YOU HAVE SITUATIONS SUCH AS THIS BROUGHT THROUGHOUT T COUNTRY, OTHER JUDGES COULD >> PERTAIN TO THE SAME CONCLUSION.THEY COULD PERTAIN TO A VARIOUS FINAL THOUGHT.
> > > WELL, ALL YOUR MARKETS ACTION AHEAD, REMAIN TUNED, YOU ARE SEEING YAHOO! > > > FINANCIERS ARE PUSHING BACK HIER F LONGER RATE MESSAGE ‘ S AS WE GO RIGHT INTO THE LAST MONTH OF THE YEAR. > > PAUL, LET ‘ S TALK ABOUT WHAT ‘ S PLAYING OUT OVER IN DUBAI. > > > ALL YOUR MARKETS ACTION IN ADVANCE, STAY TUNED, YOU ‘ RE VIEWING YAHOO! > > YEAH, SO THIS FEDERAL JUDGE IN MONTANA, HE MADE THIS CHOICE ON THIS REQUEST FOR AN INJUNCTION, AND IT FAVORS TIKTOK TIKTOK THE FIRM ITSELF OVER MONTANA ‘ S LEGISLATURE.THE FTC SHOULDN” T BE THE JUDGE, JURY AND PROSECUTOR IN THE SAME CASE.AR OTH EXAMPLES OF CASES LIKEERE THIS IN THE PAST WHERE FIRMS HAVE TOOK A TRIP THE FTC ‘ S AUTHORITY, TESTED THE CONSTITUTIONALITY, BUT THERE AREN ‘ T THAT MANY OF THEM. I SUGGEST, HOW DO YOU RECOGNIZE WHAT ‘ S A BETTER OFFER VERSUS, Y KNOW, IF IT ‘ S SIMPLY, YOU ‘ VE GOT TWO ACCOUNTS AT 5%. LET ‘ S BRING IN OUR VERY OWN BROOKE DiPALMA WHO ‘ S ALWAYS ON THE FOOD BEAT FOR US.BROOKE, GUES IT ‘ A QUITE BIG ONE.
THE FTC SHOULDN” T BE THE COURT, JURY AND PROSECUTOR IN THE SAME CASE.AR OTH INSTANCES OF CIRCUMSTANCES LIKEERE THIS IN THE PREVIOUS WHERE FIRMS HAVE TRAVELED THE FTC ‘ S AUTHORITY, CHALLENGED THE CONSTITUTIONALITY, BUT THERE AREN ‘ T THAT LOTS OF OF THEM. NOW MAY BE A’GOOD TIME TO OPEN A HIGH YIELD FINANCIAL SAVINGS ACCOUNT AND BENEFIT FROM HIGHER THAN NORMAL INTEREST RATES ON YOUR CASH PRIOR TO PRICES COME BACK DOWN.FOR MORE ON THIS, LET ‘ S BRING IN ELIZABETH IOLLA, IT ‘ S EXCELLENT TO TALK TO YOU. I IMPLY, HOW DO YOU UNDERSTAND WHAT ‘ S A BETTER OFFER VERSUS, Y KNOW, IF IT ‘ S SIMPLY, YOU ‘ VE GOT 2 ACCOUNTS AT 5%. ALLOW ‘ S BRING IN OUR VERY OWN BROOKE DiPALMA WHO ‘ S ALWAYS ON THE FOOD BEAT FOR US.BROOKE, GUES IT ‘ A RATHER BIG ONE. THERE ‘ S A COMPARABLE NARRATIVE WE ‘ LL HEAR FROM OTHER BUSINESS GOING PUBLIC IN 2024, AND OTHERS THAT DID GO PUBLIC THIS PAST YEAR.