Disney earnings, bitcoin's rise, PPI data
Update: 2024-11-14
Description
The economy is in focus, with Wolfe Research chief economist Stephanie Roth weighing in on the hotter-than-expected October PPI data and its implications for the broader economy and Federal Reserve. Simplify Asset Management chief investment strategist Michael Green then analyzes the inflation impact of Trump's proposed tariff and deportation policies.
- Bitcoin (BTC-USD) is on the rise. The cryptocurrency has soared since President-elect Trump won his second term in office, briefly touching above $93,000.
- The October Producer Price Index (PPI) report was hotter than expected, raising concerns about what it could mean for the Federal Reserve and its rate path.
- Walt Disney Company (DIS) shares jumped after the entertainment giant reported better-than-expected fiscal Q4 earnings. The entertainment giant's results got a boost from its streaming business.
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