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cover of episode Comcast Dumps Struggling Cable Biz & Is Target in Trouble?

Comcast Dumps Struggling Cable Biz & Is Target in Trouble?

2024/11/21
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Morning Brew Daily

Chapters

The McRib's return sparks discussions about its potential impact on the stock market, with some suggesting it could boost returns.
  • The McRib effect suggests higher S&P 500 returns during its availability.
  • Annualized difference amounts to 19% a year.
  • Correlation does not equal causation in financial markets.

Shownotes Transcript

Episode 458: Neal and Toby chat about Comcast dropping $7B worth of its cable networks damaged by the streaming business. Then, the Justice Department asks a judge to order Google to divest its Chrome business. Next, Target shares plummet double-digits from its latest earnings report, failing to attract enough spending on its private-label goods. Meanwhile, Neal shares his favorite numbers from a single banana, Milan, and dogs’ favorite toy, Lamb Chop. Lastly, the biggest headlines to end your day. 

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00:00 - McRib Returns

02:30 - Comcast Cable Breakup 

07:10 - Google Asked to Sell Chrome

11:00 - Target Earnings Fall 

15:30 - Neal’s Numbers 

22:00 - Other Headlines 

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