Disney just broke the law

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Commodities, Investments, Economics, Trading, News, Stocks, Oil, Uranium, Business News, Crypto, Investing, Crisis, Business, Gold, Industry, Debt, Macroeconomics, Talk, Research, Personal, Geopolitics, Curzio, Finance, Tokens

4.6 • 1.1K Ratings

🗓️ 3 April 2024

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

I start today’s show by looking at the latest Personal Consumption Expenditures (PCE) Price Index data—which came in better than expected. Yet, stocks are selling off. Why? I break down what’s behind the pullback… why it puts the Fed in a tough spot… and why market conditions are incredibly dangerous right now. Disney’s (DIS) annual meeting is today—and shareholders will vote on whether billionaire and major shareholder Nelson Peltz will get two seats on the board. I explain why CEO Bob Iger doesn’t want Peltz anywhere near the board… how Disney has resorted to downright illegal actions to try to keep it from happening… and why the SEC will most likely look the other way. Apple (AAPL) just released its new AI model, ReALM… and it’s already outperforming ChatGPT. I highlight why Apple is set to dominate the AI game… and how it’ll breathe life back into another mega-trend you might have thought was dead… It’s important to understand that AI is still in its infancy. Last week, I hosted a special live event—The AI Story No One’s Telling—where I dug into the massive long-term potential of this growth trend… and how AI will be a game-changer for every single industry. We here at Curzio Research are already implementing AI into our own processes… and it’s a big part of our growth plans going forward. If you missed the event, don't worry—you can still watch the replay here: www.curzioai.com. In this episode Why stocks are pulling back [0:48] The Fed is in a tough spot [10:01] Disney’s illegal tactics vs. Peltz [14:22] Apple will dominate AI [26:19] AI is still in its infancy [33:20] The AI Story No One’s Telling [39:12] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox each week: www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --iTunes: itunes.apple.com/us/podcast/wall-street-unplugged-frank/ --Stitcher: www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 --Website: www.curzioresearch.com/category/podcast/wall-street-unplugged/ Twitter: twitter.com/frankcurzio Facebook: www.facebook.com/CurzioResearch/ Linkedin: www.linkedin.com/in/frank-curzio-690561a7/ Website: www.curzioresearch.com/category/podcast/wall-street-unplugged/ Curzio Research App: https://apps.apple.com/us/app/curzio-research/id6466212450

Transcript

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0:00.0	Wall Street Unplugged looks beyond the regular headlines heard on mainstream financial media to bring you
0:07.4	unscripted interviews and breaking commentary direct from Wall Street right to you on Main Street.
0:16.0	This is going out through April 3rd.
0:20.0	I think courage just to Wall Street and plug pockets
0:21.0	repeat the headlines, and...
0:23.6	Tell you what's really moving these markets.
0:30.6	From today's show, Disney turning to illegal tactics to fend off Nelson Pelt's.
0:37.0	Apple makes a huge splash in AI, and why this podcast may be the last one I do in person.
0:47.0	But let's begin with the pullback in stocks.
0:51.0	If you're watching C and B. CNBC you think there's a monumental crash
0:54.8	taking place. Everybody worried and went down what 1.5% from our highs? All-time
1:00.7	highs?
1:08.0	What's interesting is the pullback is coming as we're seeing
1:11.0	much, much better than expected economic data. And let's talk about that. So you have the PC data from
1:14.4	Friday, which markets are closed. Pretty much in line, but still showing you a 3%
1:21.6	inflation, much higher than the 2% benchmark we all
1:24.8	and it's impounded in our heads from Powell over the past two years.
1:29.1	CPI PPI right last two, both came in harder than expected.
1:34.0	We had GDP from last quarter, that final revision 3.4% was revised higher than the 3.2%
1:39.8	that was forecasted.
1:42.2	Consumer spending much stronger than expected, and it's all happened to
1:45.4	past a couple weeks. Manufacturing data from yesterday, man, above 50, which means manufacturing is now growing and it's growing for the first time in 18 months and it wasn't some BS indicator or what they say when jobs miss or GDP numbers miss.
	...

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