Get ready for an unparalleled journey through the world of finance with the debut episode of "The Weekly MoneyClip," proudly brought to you by CenterClip and distributed by CrossCheck Media. In this groundbreaking podcast, we're ushering in a new era of business podcasting, promising insightful commentary and diverse perspectives on the latest financial news.
Hosted by CenterClip, a pioneer in innovative media solutions, "The Weekly MoneyClip" is poised to redefine the podcasting landscape with its unique blend of expertise and authenticity. Each 30-minute episode features a curated selection of top business stories, dissected and analyzed by a diverse group of over 50 nationally renowned contributors.
In our premiere episode, we're thrilled to present an all-star lineup of financial luminaries, each offering their expert take on the most pressing issues of the day. Chairman and Managing Member at Great Hill Capital in New York City, Tom Hayes, kicks off the discussion by delving into the intricacies of Disney's recent business history. From its iconic theme parks to its strategic investments, Hayes provides invaluable insights into Disney's future trajectory and offers a forecast for its stock performance.
Next up, we have Kenny Polcari, founder of Kace Capital Advisors, unraveling Federal Reserve Chairman Jay Powell's recent interview on 60 Minutes. Polcari dives deep into Powell's remarks, shedding light on their implications for the economy and offering his perspective on the prospects for A.I. stocks in the current market environment.
Following Polcari's analysis, Simson Garfinkel, COO at BasisTech, brings clarity to the recent wave of layoffs sweeping through the technology sector. With his extensive industry experience, Garfinkel offers valuable insights into the underlying trends driving these workforce reductions and discusses their potential impact on the broader tech landscape.
Shifting gears, Editorial Cartoonist at The Chicago Tribune, Scott Stantis, provides a captivating look at the evolving media landscape, focusing on the recent collaboration between ESPN, FOX, and Warner to create a sports streaming package. Stantis explores the growing trend of "cutting the cord" and examines the rapid growth of the streaming movement, offering unique perspectives on the future of sports broadcasting.
Last but not least, we have Michael Lee, Founder of Michael Lee Strategy in New York City, dissecting the troubling news surrounding New York Community Bank's fiscal challenges. With his keen financial acumen, Lee offers a comprehensive analysis of the bank's recent struggles and discusses the potential implications for the broader banking sector.
Join us for an engaging and informative journey through the world of finance on "The Weekly MoneyClip," where we bring you the latest news, insightful commentary, and expert analysis to help you navigate the complexities of the modern financial landscape. Don't miss out on this must-listen podcast – subscribe now and stay ahead of the curve!
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- The Weekly MoneyClip podcast
- CenterClip business podcast
- Financial news analysis
- Business podcasting debut
- Tom Hayes Great Hill Capital
- Kenny Polcari Kace Capital Advisors
- Simson Garfinkel BasisTech
- Scott Stantis Chicago Tribune
- Michael Lee Michael Lee Strategy
- Money-related topics discussion
- CrossCheck Media
- Quinn Cotter
- Todd M Schoenberger
- Premiere episode analysis
- Financial news breakdown
- Top business stories
- Tom Hayes interview
- Kenny Polcari insights
- Simson Garfinkel discussion
- Scott Stantis commentary
- Michael Lee perspective
- CenterClip podcast debut
- The Weekly MoneyClip launch
[00:00:00] The Disney turnaround is just beginning. JPL announces massive layoffs, what just happened
[00:00:18] in sports streaming and what industry is next, and the big trouble for New York Community
[00:00:23] Bank. Welcome back to the Weekly Money Clip other challenges, Hayes believes that Disney's legacy content library will be monetized through streaming
[00:01:40] and the park will generate a great return
[00:01:43] on invested capital.
[00:01:45] He predicts that the stock will make great strides
[00:01:47] in the next three to five years, And the stock had done nothing for about a decade since Walt Disney himself had passed away. It was lethargic. Some money managers were circling around the stock, a couple of activists. And Richard Rainwater, who managed money for the Bass family, along with the Bass family, came in with a $300 million investment.
[00:03:01] Part of it was stock, part of it was in kind
[00:03:04] in order to fend off some of the activists around the stock. Basically the stock's gone nowhere for a number of years in part due to the pandemic, in part due to some over leverage from deals. But you could have basically when we were talking about this stock and entering the stock in the podcast and on public TV interviews,
[00:04:21] you could basically buy the stock for 2015 prices.
[00:04:25] And we knew despite the short term noise and headwinds They've got the partnerships for the sports streaming now with some of the other sports providers. They're gonna bundle that up and package it. And they've got Value Act involved who transforms Spotify and New York Times digital pricing tiers. They're doing the same thing for Disney Plus and packaged products, which are gonna be a phenomenal success.
[00:05:40] So we think that, yes,
[00:05:42] this is a huge jump today after earnings,
[00:05:44] unexpected for most, expected for us.
[00:05:47] We didn't know what was gonna happen today, and a sell-off. Tech stocks and AI stocks are rising, but bond prices have tumbled with increased treasury yields. Oil and gold prices remain steady due to Middle East instability. Fed speakers this week are adding to uncertainty. Gold is being seen as a safe haven asset. Long-term investors may find opportunities in the weak market, while short-term traders
[00:07:01] may enjoy the volatility.
[00:07:04] Here is the full segment from Kenny.
[00:07:06] Hello, and good morning. So oil at 70 foot holes a barrel is not helpful for them. Non-OPEC production is filling the void left by OPEC production cuts. And you can thank the United States for that. Many think speakers are scheduled this week adding to market uncertainty. Yesterday it was Kashkarian Goolsbee. Today it'll be Mester and Harkins. Will they support each other or will they contradict each other?
[00:08:23] Because that's going to be what the market focuses on. The S&P closed at 49.42 last night, down 16 points, reflecting market caution. Despite volatility, long-term investors may see opportunities in this potential market weakness. This morning, markets are struggling around the unchanged line as they search for direction. A test of the trend line at 47.34, which represents a 4% move lower from here, and counterterrorism. Unfortunately, the Jet Propulsion Laboratory, JPL, in California is facing significant layoffs due to Congress failing to pass a budget for the fiscal year 2024. Over 500 personnel and 40 contract workers are losing their jobs, which budget cut when the budget finally passes, the JPL administrator had no choice but to lay off these people. This is really upsetting because JPL is one of the premier organizations in the United States
[00:12:24] that is dedicated to space exploration. people on the moon, the surface water and ocean topography, which is making a global survey of Earth's surface water. Many, many things that are in the works, in space, on the drawing board, and to have this kind of significant cut, approximately 8% of their workforce,
[00:14:42] addresses the major sports streaming announcement between ESPN, Fox, and Warner.
[00:14:45] What led to this new offering?
[00:14:47] And could it signal other similar collaborations
[00:14:50] around the corner?
[00:14:51] Scott Stantis joins the Money Clip with his insights
[00:14:54] from working in both print and digital media.
[00:14:57] Scott is an internationally syndicated editorial cartoonist,
[00:15:00] senior fellow at the Alabama Policy Institute
[00:15:03] and co-host of DMZ America podcast.
[00:15:06] In this segment, St people cutting the cable. My wife and I are among them. Two, three years ago, we cut the cable, mostly because we looked at what we were watching, and more importantly, what we weren't watching.
[00:16:21] So we were 90% of what we bone-headed, badly run businesses.
[00:17:43] By that, I obviously mean newspapers.
[00:17:45] I've worked in newspapers for many, many years.
[00:17:48] You look at what's going on. How did the city council do this? How did that local high school team do that? Which there are now separate sites dedicated to covering those types of things. You're going to see them now, I believe, be merged back together and probably into a construct that someone my age, which is old,
[00:19:03] will be able to recognize. Anyway, I'm Scott as it pertains to New York Community Bank Corp. NYCB is a stock ticker. They made some headlines roughly a year ago
[00:20:20] when they took over Signature Bank. Signature Bank was closed
[00:20:24] by the regulator at the same syndicate those loans out and don't hold a lot of that debt on their balance sheet. So these types of banks are vital to the infrastructure. And then the rent-controlled buildings, the cost of everything has skyrocketed. So not only has the city of New York
[00:21:41] and the governments in Westchester and Nassau
[00:21:44] and the state of New York Community Bank Corp yet. Maybe they're gonna sell some assets, maybe they're not, but this is weighing on the entire regional banking sector.
[00:23:00] And I don't know if it's true,
[00:23:03] but I'm hearing rumors that short sellers are shorting
[00:23:06] all the regional bank corps to cause a crisis regional banking crisis that we're seeing emerge is just one of them. I'm Michael Lee of Michael Lee Strategy for CenterClip. We'll have to hold it there. Please remember this episode presents the personal opinions of these individuals and should not be viewed as investment advice. Thank you to Tom Hayes, Kenny Polkari, Simpson Garfinkel, Scott Stantis,
[00:24:24] and Michael Lee for their work and more in real time.
[00:24:27] Please visit centerclip.com.