Newsletter Nov 23, 2022

3 things you must know

Consumers finding this Thanksgiving meal hard to swallow
Inflation is red-hot in the U.S., reaching the highest levels in decades. And while some prices have eased in recent months, consumers say they are straining to handle their grocery bills -- a tough blow at the holidays. Compounding that problem is a bird flu outbreak that forced the culling of 50 million poultry, including 8 million turkeys. The cost of turkey is up 21% this Thanksgiving, further compounding runaway food inflation and supply chains.
HOW AMERICANS ARE MANAGING THANKSGIVING COSTS

Mouse trap: Can Bob Iger work some more Disney magic?
Walt Disney's Bob Iger will once again be asked to identify his successor as CEO, one of his greatest failures in his first go-around as the company's leader. Iger is credited with shaping Disney as a modern media company in a crowded entertainment landscape. But his reluctance to let go of the reins, postponing his retirement four times, set the stage for his return to Disney.
CAN IGER WORK SOME MORE DISNEY MAGIC THIS TIME?

Retailers' strong earnings reports resonate on Wall Street
Stocks rose Tuesday after retailers reported better-than-expected earnings ahead of the holiday shopping season. Best Buy jumped more than 12% after the electronics retailer raised its 2023 outlook and beat earnings expectations. Abercrombie & Fitch rose 19% and American Eagle Outfitters hiked 16% after both retailers reported solid earnings as retailers enter their peak period.
STRONG EARNINGS RAISE RETAILERS' HOLIDAY HOPES

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Markets

DJIA	34,098.10	1.18%
S&P 500	4,003.58	1.36%
Nasdaq Composite	11,174.41	1.36%
Japan: Nikkei 225	28,115.74	0.61%
UK: FTSE 100	7,452.84	1.03%
Crude Oil Futures	80.96	0.01%
Gold Futures	1,739.50	-0.02%
Yen	141.34	0.08%
Euro	1.03	0.14%
* As of market close

Twitter welcomes back banned firebrands

Twitter boss Elon Musk has opened the floodgates to those who were banned under prior ownership, raising concerns about the platform's future. Twitter restored former President Donald Trump's account after nearly two years of suspension, although experts say his return is merely symbolic as Trump owns Truth Social and still "faces legal and financial obstacles." Twitter also reinstated the personal account of far-right Rep. Marjorie Taylor Greene after more than 10 months for "repeated violations" of the platform's COVID misinformation policy.

MUSK DREW THE LINE AT CONSPIRACY THEORIST ALEX JONES

Fauci bids farewell with a familiar refrain

Dr. Anthony Fauci used his final White House briefing on Tuesday to denounce division and promote vaccines. Fauci, who plans to retire soon as President Joe Biden's top medical adviser and top U.S. infectious disease official, has dealt with many health crises during his tenure, but it was his handling of COVID that made him a hero to public health advocates. and a pariah to anti-vaxxers True to form, Fauci used his final press briefing to encourage Americans to get COVID vaccines.

SEE FAUCI'S MANY ACHIEVEMENTS AS TOP MEDICAL ADVISER

Holiday season offers the best in TV, movies

The holidays are about more than gathering with family and friends, feasting on good food and watching football. When all the guests, games and leftovers are gone, there's plenty of down-time to binge-stream some holiday-themed classics. The holiday season is also prime movie season as studios premier their blockbuster films of the year. Here are some of this holiday season's most-anticipated releases.

SEE WHICH HOLIDAY BLOCKBUSTERS TO PUT ON YOUR LIST

Santa cinema

Name the most viewed and highest-grossing holiday movies of all-time. (To settle the old holiday debate, "Die Hard" is not a Christmas movie).

Tuesday's answer: Turkey (83%) is America's favorite Thanksgiving dish, followed by mashed potatoes (78%), stuffing (77%) and rolls (74%).

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