Stock Market Winners & Losers: Mixed Markets as Fed Decision Nears | Walmart Opening Pet Services Centers | Disney Wants to Pour Billions into Parks and Cruises

Loser: Mixed markets as Fed decision nears
- Markets are awaiting today’s interest rate decision from the Federal Reserve.
- Oil prices eased a little bit today to roughly $92 a barrel after rising 30% to $95 a barrel in the past 3 months.
- The price of olive oil surges more than 130% to all-time highs as a Mediterranean drought threatens supplies. Global olive oil prices spiked to $8,900 a ton in September as extremely dry weather in the Mediterranean raised the risk of supply disruptions.
- Amazon is hiring a ton of 250,000 holiday workers. That’s up from the 150,000 Amazon added last year, when it touted record sales over the Thanksgiving weekend. Amazon is expecting a hectic season. You might want to lock in those portable blender preorders now.
- Elon Musk’s Neuralink is recruiting patients for its first human trial. The company is building a brain implant to help patients with severe paralysis and severe degenerative diseases like ALS regain their ability to communicate by moving cursors and typing with their minds.
- A new record: US national debt surpasses $33 trillion for the first time ever.

Winner: Walmart opening pet services centers
- Consumers in the U.S. spent $136.8 billion on pets last year.
- Vet care and services was $35.9 billion of that .
- Wal-Mart has sold pet items like food, collars and medications for decades.
- This is dipping its toe into a more lucrative services. for veterinarian visits and dog grooming appointments.
- Walmart will offer a range services, including wellness exams, nail trims, teeth cleaning, hair cuts and more.
- While you wait you can shop in the store.
- Walmart’s pet services center will have its own dedicated entrance and own employees.
- Kohl’s has started to devote space to pet items in some stores
- Lowe’s, which announced it is expanding mini Petco Health and Wellness shops

Loser: Disney Wants to Pour Billions Into its Parks and Cruises
- Bob Iger wants less streaming and more screaming on Space Mountain.
- Disney plans to invest $60 billion into its parks and cruises business over the next 10 years, presumably to secure a cruise-ship-sized lifeboat as its streaming business continues to struggle.
- Disney’s transition into the 21st-century media landscape hasn’t exactly been hunky-dory.
- It just suffered its worst summer box office performance in years
- Its streaming business lost roughly $3.7 billion over the last 12 months
- The writers and actors historic labor strike continues to disrupt.
- Disney is looking to sell of ABC and FX.
- Luckily, Disney's tourism business, once pounded by the pandemic, has become something of the happiest place for Disney.
• The parks and experiences, generated about 80% of Disney’s operating profit, despite accounting for about only a third of total revenue.
• The parks and experiences revenue increased 13% year-over-year to $8.3 billion, almost entirely due to growth outside the US;
- Orlando’s Disney World saw a dip in operating income while Disneyland business just barely ticked up.
- On Monday Disney World temporarily closed after a black bear stumbled into the park. So let’s just hope some of that $60 billion goes toward some bear prevention.

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