-
Welcome to the WDWMAGIC.COM Forums!
Please take a look around, and feel free to sign up and join the community.
News Disney’s Fiscal Full Year and Q4 2023 Earnings Results Webcast
- Thread starter DCBaker
- Start date
Sirwalterraleigh
Premium Member
Why are they getting crushed today?
TheIceBaron
Well-Known Member
Almost everyone is getting dunked on today, there was a hot jobs report released today which is a signal that the Fed either won’t cut interest rates or may even hike them again to combat inflation.
GhostHost1000
Premium Member
Too long between popcorn bucket releases
Sirwalterraleigh
Premium Member
Not really a hot jobs report, per se:
"Fresh data from the Bureau of Labor Statistics showed that the number of US job openings unexpectedly soared to an estimated 9.61 million open jobs in August. That’s up from July’s upwardly revised estimate of 8.92 million openings and above the consensus 8.8 million estimate among economists."
But more job openings in an already-tight post-Covid labor market? Oy...
TheIceBaron
Well-Known Member
More like if interest rates are high, cost of borrowing is high, so companies can’t invest as much as they would be if interest rates are low. Therefore growth in all companies will be more stunted. Stocks only go up if investors think the company will grow. If the company doesn’t grow or grows too slowly stock goes red.
Sirwalterraleigh
Premium Member
Ok…yeah…not “good” by any measure
Don’t see how that would trigger a Fed Increase
It’s not new hires from “booming business”…it’s lack of labor..:which means labor will cost more.
TheIceBaron
Well-Known Member
It’s a hot jobs report according most of the financial media. More job openings mean higher salary and wage offers for new employees, which means higher compensation generally, which means inflation isn’t defeated and the fed will either raise rates or not lower them. This was quite unexpected jobs report which is why it’s a big red day.
Sirwalterraleigh
Premium Member
Yeah…I had all the “core” courses…while still conceding it’s mostly subjective/manipulative
Tha Realest
Well-Known Member
TheIceBaron
Well-Known Member
I do agree it’s a scam that lots of job openings makes the fed want to create a recession. Almost every single time they try to fight inflation they succeed by kneecapping the economy with interest rate measures. Ends up hurting regular working folk to fight inflation, inflation generally hurts the banks not those with the actual debt.
Sirwalterraleigh
Premium Member
The “kingmakers” are always interested in only the kings they create
TheIceBaron
Well-Known Member
Not sure which chart you are looking at but Dow is down by 1.5% atm. Amazon down almost 4%. If you are trying to suggest DIS is abnormally red today that is not the case. Plenty of other firms getting clobbered even worse.
Sirwalterraleigh
Premium Member
It’s been “abnormally red” consistently for the last 2 years. That’s his point.
…you been traveling?
TheIceBaron
Well-Known Member
It’s been “abnormally red” consistently for the last 2 years. That’s his point.
…you been traveling?
lol yeah and my point is you can’t just point to a huge red day for every single company to dunk solely on Disney for its ills. Yeah the two year chart is more compelling but today’s redness for the stock isn’t solely Igers or TWDC’s fault.
peter11435
Well-Known Member
Sounds like you’re moving the goalpost. He nor you in your original post referenced anything other than today.It’s been “abnormally red” consistently for the last 2 years. That’s his point.
…you been traveling?
Sirwalterraleigh
Premium Member
Tha Realest
Well-Known Member
These numbers fluctuate. That’s what I saw when I posted. Since that time DIS is now down 2.63% on the day; DJIA “only” down now 1.31%. This is a repeated cycle over the last few years where DIS does poorly compared to the rest of the market.