Bobs and weave

[The beef 675] [I'm an image] “Bob Iger “stepping back” right before coronavirus hits the US hard? Convenient timing...” - Jeff Hey there carnivores, Markets fell again on Tuesday, with the Dow suffering its worst two-day point slide in history Today we’re talking Disney’s changing of the Bobs. Keep raging, Jeff & Jason [Image] [I'm an image] Disney has a lot on its plate To say Disney had an eventful Tuesday would be like saying the American Revolution was just a little misunderstanding between two pals. For starters, the house of mouse lost its CEO Bob Iger, after 14 years at the helm. Iger [stepped down]( suddenly on Tuesday, despite his initial plan to retire in 2021. He’d been with the company since 1992, led Disney’s $71.3B acquisition of 21st Century Fox in 2018, and most recently launched Disney+ to great fanfare among the 6-month to 3-year old crowd. It’s not the first time Bob Iger’s changed plans, considering he’s already delayed his retirement four separate times. Just keeping the people on their toes, eh, Bobby? On the news, Disney share prices fell 2.5% after hours. Next Bob up Luckily for Disney, it’s got its own version of “the Bobs” with [Bob Chapek]( ready to replace Iger. Chapek, a three-decade Disney vet, was most recently the head of the theme parks and consumer products. Hopefully, his successor didn’t leave him a [death pit]([...]( During his tenure as head of theme parks his biggest achievement was launching Disney’s Shanghai park. Speaking of Disneyland Shanghai... A video surfaced highlighting its Shanghai and Hong Kong parks on lockdown, showing yet again the impact coronavirus has had on businesses operating in Southeast Asia. The good news? There are no lines for Chinese Space Mountain. Earlier this month, Disney said it was expecting a [$175M hit]( to its bottom line due to park shutdowns. The logical next step? Go vegan, obviously. In the US, the Mouseketeers aren’t as worried about coronavirus. At least not yet, anyway. So what are they working on? Fake meat. Disney [announced]( that it would be working with Impossible Foods to expand plant-based options at its US-based parks and on cruise ships. The bad news? Cheeseburgers at the parks will be worth $30 now, up from the traditional $24 fare we’ve grown accustomed to. The bottom line... Something’s fishy here… With the heavy lifting behind the launch of Disney+ and the closing of the Fox deal done, it’s odd that Bob #1 (Iger) would leave his post without enjoying the spoils of victory. Maybe China’s a bigger deal than we thought. Bob Chapek, on the other hand, has some Mickey Mouse sized shoes to fill. Plus he’ll have to make nice with Kevin Mayer, Disney’s head of streaming that was passed up as the heir to Cinderella’s throne. [I'm an image] Urgent: Despite the worst two-day sell off in five years… a certain sector in the market is on fire… What If… What You’re Being Told About Penny Stocks, Are Cold Hard Lies… Robbing You of the Financial Freedom You Deserve. [Image]( Brand New Guide Reveals The Hidden Truth, In How Tap Into This Explosive Market [Grab Your Copy Today]( [I'm an image] ☑️CE-NO. It was a rough day for CEOs on Tuesday. In addition to Bob Iger stepping down from Disney, Mastercard’s Ajay Banga [is also calling it quits after 10+ years]( at the credit card provider. Mastercard’s stock price is up 13% in the past three months prior to this coronavirus business. Sounds like there is no better time to get out of the biz. Meanwhile, one half of Salesforce’s dynamic CEO duo is hanging it up. Keith Block is [handing the reins back over]( to Marc Benioff after less than two years at the awkward position of co-CEO. Hope Marc’s “ohana” are ready for him to have full control over company luaus. Part of the reason Benioff promoted Block was so that the former could slack off, er, help the homeless of San Francisco. Sounds like the billionaire Benioff is going to have to roll his sleeves back up and... find another puppet to help run the show. ☑️Ripe for the pickin’. Amazon finally [opened its first official cashierless grocery store]( after five years of planning. The 10k+ square foot store opened in Seattle (of course) with over 5k items including produce, meat, and alcohol. It’s not as big as your run of the mill 40k square foot local grocery store, as it strictly offers at-home products (read: doesn’t offer overpriced food courts). Amazon Go Grocery, as its called, uses a QR Code that shoppers scan when they enter that somehow tracks the items placed in the cart. Once people (maybe robots too, at this point) are done shopping, they can just walk out without any human interaction… which is how most humans want to live their lives these days. After buying Whole Foods, this is a bit of an awkward time to launch a grocery chain. In a comment Cameron Janes, who is the projects baby daddy, said “we aren’t looking to be Whole Foods, we are looking to replace it.” Nothing says healthy work place like one department trying to make another irrelevant. ☑️ Christmas comes… finally. It feels like retailers haven’t had a good earnings report since the internet was created. Luckily for Macy’s, people [got their brick and mortar on]( during the short Christmas holiday season, leading to a revenue and earnings beat. The OG brick-and-mortar store announced revenue of $8.34B and earnings per share of $2.12, higher than expectations of $8.32B and EPS of $1.91. Overall, the report was not as bad as investors expected initially leading to a 6% rise in stock price in pre-market trading, but finished dropping 5.5% on the day. In case you thought retail was making a comeback, think again. ☑️ Grab a line. Southeast Asian transportation company Grab [has secured $856M]( in funding from various Japanese investors not named SoftBank *gasps*. Mitsubishi UFJ Financial Group and TIS INTEC are providing the money in two tranches for the growing ride-hailer. The plan is to use the money to grow its business within the payments and financial services space. Meanwhile, US businesses are over here just trying to do one thing right. Grab and its main competitor, GoJek, are the Asian equivalent of Uber and Lyft. The two have been linked to a potential merger lately as GoJek’s founder and CEO recently left the company, causing tension within the ranks. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. 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