🪄 Disney got its magic back

Disney's shining results let ESPN speak for itself | China edged closer to deflationary territory | [Finimize](   TOGETHER WITH   Hi {NAME}, here's what you need to know for November 10th in 3:15 minutes.   ☕️ Finimized over a latte at [Frisson Espresso]( in New York City, USA (12°C/54°F 🌤) Today's big stories - Disney’s results showed that the mouse can still make quite the squeak - This could be a good time to pick up a few “TIPS” – [Read Now]( - Chinese prices dropped again in October, putting the economy on the edge of a deflationary spiral Enchanted [Enchanted] What’s going on here? Disney’s fourth-quarter [results]( put the magic back in the kingdom. What does this mean? Disney was stuck on pause last year, after a costly push for new customers fell flat while existing subscribers ditched their paid cable memberships. But if real life is an old-school fairytale, stuffed full of subliminal heteronormative messaging, Bob Iger is the buff knight in shining armor. Disney’s former CEO returned to the helm and swiftly started checking boxes on the to-do list. By the end of last quarter, costs were cut, streaming business was better, theme parks were full, and sports channel ESPN was back on the map – all of which translated to better-than-expected profit. With any luck, that could make investors believe in the company’s newly bolstered foundations and give the struggling stock a sprinkling of pixie dust. Why should I care? Zooming out: Someone chanted “Bibbidi-Bobbidi-Boo”. The Magic Kingdom is a big place. Disney’s roster of parks, entertainment channels, and trademarks can leave investors’ heads spinning – and the same goes for any companies with complicated storylines. The main number to watch, though, is free cash flow: the amount that’s left after a firm’s paid for projects and expenses. In Disney’s case, the company believes its lower costs, a streaming business that’s verging on breakeven, and heftier cable profit could pull it to an $8 billion bounty this year. That would be 60% higher than last year, and not that far off its record $9.8 billion. The bigger picture: ESPN’s a good sport. ESPN’s results are usually lumped into Disney’s numbers, but the sports network won space for itself for the first time this earnings season. No wonder: ESPN pulled in nearly $1 billion in profit, 16% more than the same time last year and around one-third of Disney’s overall total. Investors’ doubts about the network’s potential have been weighing on Disney’s stock, so this strategic show and tell could release some of that tension. You might also like: [How to find industries with great stock potential](. Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Enchanted&utm_campaign=daily-global-10-11-2023&utm_source=email) Analyst Take Hot TIPS: These Bonds Are Extremely Attractive Right Now [Hot TIPS: These Bonds Are Extremely Attractive Right Now]( [Photo of Stéphane Renevier, CFA] Stéphane Renevier, CFA, Analyst [Treasury inflation-protected securities]( (TIPS) are one of the most overlooked and misunderstood assets out there. These clever US government bonds protect your investment against both inflation and deflation. And they [could benefit handsomely]( from falling interest rates. That makes them a pretty [interesting investment opportunity]( right now. So that’s today’s Insight: [why you might want to add some TIPS to your portfolio](. [Read or listen to the Insight here]( SPONSORED BY STARTENGINE A unique opportunity that ends November 15th [A combined community of nearly two million]( has discovered startup investing with [StartEngine](. (1) One of the [US’s first-ever dedicated spaces to crowdfunding](, StartEngine has been named as one of [Inc. Magazine’s 5,000 fastest-growing private US companies]( for two years in a row. (2) And after the strategic [acquisition of SeedInvest’s assets](, with Howard Marks at the helm and with strategic adviser Kevin O’Leary, it’s just getting started. (3,4) Now, StartEngine is taking its next step: [the crowdfunding platform is raising from the crowd](. 40,000 investors have already bought in, securing their opportunity to [benefit from the companies of the future and grab a fraction of the $10 trillion private market](. (5) [Find Out More]( Reg A+ offering made available through StartEngine Crowdfunding, Inc. No broker-dealer or intermediary involved in offering. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. Please see the most recent [supplement](, [offering circular](, and [selected risks](. (1) StartEngine Community: Count of 1.8 million is determined as the number of unique email addresses in StartEngine’s database as of 10-6-2023. (2) As measured by revenue growth over a three-year period. [Inc 5000 source](. (3) In May 2023, StartEngine acquired assets of SeedInvest, including email lists for SeedInvest’s users, investors and founders seeking to raise funds. (4) Kevin O’Leary is a paid spokesperson for StartEngine. See his 17(b) disclosure, [(. (5) StartEngine’s investor count and investment amount includes the total number of investors and funds raised over multiple offerings and at different terms. When you support our sponsors, you support us. Thanks for that. Hook, Line, And Sinking [Hook, Line, And Sinking] What’s going on here? China’s prices slipped in [October](, fueling fears that deflation could sink its claws into the economy. What does this mean? China must’ve heard that the world’s bored of inflation stories, so it’s shaking up the narrative. The country’s consumer prices were 0.2% lower this October than last, while the amount paid to producers of goods fell for the thirteenth month in a row. That puts China on track for deflation, a much more menacing enemy than inflation. After all, if shoppers catch wind that prices are on the slide, they’ll hold off on loading their carts and wait for even better deals. And because stores want to shift their stock, they’ll pull prices lower to do that. Repeat that cycle a few times, and the economy will be left in a spin. Why should I care? For markets: Deflation’s a maze. Deflation has already proved itself as a serious threat. Japan spent some 20 years desperately trying to energize slumping prices during its so-called “Lost Decades”. But China’s danced with the devil before too, and has somehow managed to hoist its economy out of the mud every time. This time around, the government’s been relying on baby steps to get the economy moving, like a series of small interest rate cuts. But if nothing changes in the next few months, the country will need to take off the kid gloves – and the stock market will be eager to watch the fight. The bigger picture: China and the US can finally agree on something. China’s currency has been keeping prices company on the descent, sliding to an all-time low against the dollar. Thing is, the cheaper China’s currency, the more affordable the country’s exports, which would lure in more foreign buyers. That’s a boon for China, and if the US makes the most of those cheap prices as a buyer, the bargains could help calm down stateside inflation. You might also like: [US stock dominance can’t go on forever, unless, of course, it can](. Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Hook, Line, And Sinking&utm_campaign=daily-global-10-11-2023&utm_source=email) 🪧 Forget the billboards Old-school tactics won't engage [modern investors](. Capturing the attention of clued-in whippersnappers takes something a little more [up-to-date]( – like a [promotional partnership]( with Finimize. [Find Out More]( 💬 Quote of the day "Trust yourself, you know more than you think you do." – Benjamin Spock (an American pediatrician and political activist) [Tweet this]( SPONSORED BY PROSPER Discover the original peer-to-peer marketplace [Prosper]( introduced the US to peer-to-peer lending back in 2005. Now, almost twenty years on, Prosper’s platform continues to connect [qualified borrowers]( searching for personal loans with [retail investors]( on the hunt for diversification and passive income. 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