Beat estimates but revenue came in at 13 billion, just below the consensus. Julia boorstin has the one key takeaway from disneys quarterlies. Disneys record quarter comes in two key divisions, marvel helped propel the revenue up 13 and operating income of 15 and the studio did not have to take a writedown on tomorrowlands disappointing results. Led by espn, an increase in subscribers and rate increases helped offset lower advertising revenue. Espn, along with Disney Channel and abc family helped outlay broadcast decline. It focused the quarter just a few weeks ago that it is inevitable that disney will eventually sell espn directly to consumers. Julia, boorstin, thank you. Apple fell deeper today into correction territory, shares of the blue tech company fell another 3 on heavy volume. They are now almost off 13 from their highs this year. 100 billion in market value since that peak. Its a fall in the stock price wasnt bad enough, there are also reports that apples secure operating sys
Beat estimates but revenue came in at 13 billion, just below the consensus. Julia boorstin has the one key takeaway from disneys quarterlies. Disneys record quarter comes in two key divisions, marvel helped propel the revenue up 13 and operating income of 15 and the studio did not have to take a writedown on tomorrowlands disappointing results. Led by espn an increase in subscribers and rate increases helped offset lower advertising revenue. Espn along with Disney Channel and abc family helped outlay broadcast decline. It focused the quarter just a few weeks ago that it is inevitable that disney will eventually sell espn directly to consumers. Julia, boorstin, thank you. Apple fell deeper today into correction territory, shares of the blue tech company fell another 3 on heavy volume. They are now almost off 13 from their highs this year. 100 billion in market value since that peak. Its a fall in the stock price wasnt bad enough there are also reports that apples secure operating system
Institutions. The crisis led to greatly expanded fed emergency liquid support t. Became the lender of first resort instead of the last resort. The Congress Passed the doddfrank act to extend the federal governments post tarp control over the system t. Ga. It gave regulators extensive new powers over the defense system. The slow recovery triggered fed qe stimulus which created massive Bank Reserves which required new fed operating procedures. So this morning were going to discuss all these changes with a panel of experts. And instead of me introducing a panel of experts, im going to introduce our moderator of the panel. Alex j. Pollack is a distinguished senior fellow oh art street institute. Alex was previous lly a residen fellow at aei and at the Home Loan Bank of chicago. Alex is a recognized authority on financial policy issues including financial cycles, government sponsored enterprises, housing finance, banking, central banking, uncertainty and risk, retirement finance, Corporate
Experts who well introduce you to in a minute. But before that, let me just set the stage here. As you all know, the financial crisis changed the Banking System. The resolutions that happened in the crisis integrated commercial and Investment Banking like never before. These resolutions created todays too big to fail institutions. The crisis led to greatly expanded fed emergency liquidity support. The fed became the lender of first resort instead of the lender of last resort. T. A. R. P. Temporarily nationalized the Banking System, and the Congress Passed the dodd frank act to extend post t. A. R. P. Control over the system. It gave regulators extensive new powers and responsibilities over the Financial System. Deposit insurance limits increase by a factor of twoandahalf, and the slow recovery triggered fed qe stimulus, which created massive Bank Reserves, which required new fed operating procedures. So this morning, were going to discuss all these changes with a panel of experts. And
Banks, although they since recovered from the losses, and are now one of the best performing groups. Coming up, whether a bank breakup is good for the industry, the economy, investors, joined by independent Community Bankers of america ceo, cam fine, and the former ceo of wells fargo. Caterpillar up 10 over the last month and could rally another 20 from here. Coming up, debating whether you should be buying this dow component or selling it right now. But we begin with the old adage as you mentioned, sell in may, go away. Referring to the six months strategy from may to september in which markets historically perform worst than the rest of the year. We look how sell in may has really worked out for investors or not so much lately, dom. It all depends on statistics and looking at the overall picture for stocks because theres any number of viewpoints and any number of time frames to look at with regard to whether sell in may and go away actually ends up working, so we asked our data partn