DOWN WE'RE JOINED BY AHMED RE
WHO IS THE CHIEF
INVESTMENT STRATEGIST AND
SEEING GREAT TO HAVE YOU HERE
WITH US TODAY, I'M MATT LET'S
START PERHAPS THE HOUSE OF
MOUSE
AND DISNEY. THE COMPANY BEAT ON
EARNINGS PER SHARE MISS ON
REVENUE AND DISNEY
PLUS SUBSCRIBER COUNT.
104 MILLION PEOPLE HAVE A
DISNEY PLUS ACCOUNT IN THE
U.S.. SO HOW MUCH MORE CAN IT
GROW HERE IN THE STATES.
>> WELL SOME PART OF DISNEY'S
PROBLEM IS THAT IT'S A PATIENTS
ARE THE HIGH STREET WAS MARLEY
AROUND A 100 10 SO THEIR NUMBER
ACTUALLY CAME IN BELOW EXPECT
HAITIANS AND SINCE THIS RIGHT
NOW AND ALSO THE PARTS. THE
LOSSES FROM THE
PARKS ALSO SEEDED EXPECTATIONS.
SO MY GUESS IS THAT THESE 2
FACTORS WE'RE GOING TO BE THE
OVERRIDING SENTIMENT ON THE
STOCK A CENT
WON'T BE NEGATIVE HERE FOR THE
NEXT COUPLE OF WEEKS OR SO OK
AND SO WITH THAT.
>> IN MIND I THE ON THE
EARNINGS CALL. NO DOUBT
DISCUSSING PARKS RESORTS
DISCUSSING STREAMING AND SO
WITH REGARD TO THIS WHERE DID
THE MANAGEMENT
TEAM SEEM THE MOST OPTIMISTIC
FROM YOUR PERSPECTIVE AND WHERE
SHOULD WE EXPECT OTHER PARTS OF
THE BUSINESS.
NAMELY PARKS AND RESORTS TO
STARTS TO ACTUALLY PICK BACK UP
AND HOPEFULLY HIT SOME OF THESE
THAT DISNEY ALSO HAS ALL KIND
OF CYLINDERS CLICKING FOR THE
YEAR FOR THE OVERALL OPERATION
OF THE BUSINESS.
>> YEAH, I THINK THE PARKS
AND RECREATION ARE GOING TO BE
A FOR DISNEY FOR THE FUTURE.
WE THINK THE RECOVERY OBVIOUSLY
THIS IS GOING TO BE
QUITE STRONG LONG TRAVEL
LEISURE HAS BEEN ONE OF OUR
FAVORITE SECTORS FOR THE ENTIRE
YEAR. SO THIS SORT OF PLAYS
INTO THAT BUT DISNEY RIGHT
NOW IS DISNEY PLUS SUBSCRIBER
STORY SO EVEN THOUGH THAT WILL
HELP AND THAT'S A GOOD LOVER
FOR
THE COMPANY. I STILL THINK MOST
OF IT IS GOING TO BE DRIVEN BY
THE MESS ON THE ADDITIONS TO
DISNEY PLUS.
>> GOTCHA OKAY, YOU'RE TAKING A
LOOK AT SHARES OF DISNEY HERE
ON.
>> WHILE YEAR
TO DATE DOWN OR YOU NEED A
HIGHER BY ABOUT 4 TENTHS OF A
PERCENT DOWN AT LEAST PRE
MARKET COMING INTO THE START OF
TODAY'S ACTIVITY THAT WE'RE
GOING TO BE WATCHING
VERY CLOSELY JUST LAST YEAR
BEFORE WE MOVE ON FROM DISNEY.
THEY'RE SAYING AT THE SHANGHAI
DISNEY RESORT TO KICK OFF A
YEARLONG
5TH ANNIVERSARY CELEBRATION,
WHERE THEY'RE OPERATING AT OR
ABOVE FISCAL YEAR 2019 LEVELS
SO THAT JUST A SMALL
ANECDOTE BETWEEN BEFORE WE MOVE
ON TO THIS NEXT COMPANY THAT I
NEED TO GET YOUR TAKE ON
AIR BNB ESPECIALLY AS WE'VE
BEEN TRACKING THE BROADER
ACCOMMODATION SPACES. WELL
THEY'RE REPORTING 60 4.4
MILLION NIGHTS AND EXPERIENCES
BOOK THAT'S UP 39% FROM THE
4TH QUARTER. BUT THEY CAN NOT
SAY WHETHER TRAVEL RECOVER AT
THE SAME PACE WHEN YOU GET YOUR
REACTION TO AIR BNB.
>> YEAH, WELL, AND I MENTIONED
TO YOU THAT WE HAVE BEEN PRETTY
BIG BULLS ON TRAVEL AND LEISURE
THROUGHOUT
THE YEAR. AND THIS IS ONE OF MY
FAVORITE NAMES WITHIN THAT AND
YOU KIND OF START ACROSS THE OR
I MEAN THEY ARE
NOT ONLY BEING STREET
EXPECTATIONS. BUT THEY'RE
LAPPING THE NUMBERS FROM
2009 TEAM. I THINK ALSO IT'S
GOING TO BE BENEFITING AIR BNB
GOING FORWARD IS THAT THEY'RE
GOING TO BE A BIG BENEFACTOR OF
THE BROADER TRENDS IN TRAVEL
RIGHT. PEOPLE ARE MOVING AWAY
FROM BIG HOTELS MORE TO YOU
KNOW ISOLATED ON WITH OF CLOSE
FRIENDS
AND FAMILY AND THIS SORT OF
TREND AND THIS IS SOMETHING
THAT WORSE. THROUGHOUT THE
INDUSTRY. I THINK EVERYBODY'S
GOING TO BE ONE OF THE BIGGEST
BENEFICIARIES UP.
>> OK AND SO MOVING RIGHT ALONG
HERE IN THIS ROUND ROBIN OF
EARNINGS RESULTS THAT WE SAW
COMING YESTERDAY NEW REPUBLIC
CRYPTO EXCHANGE COINBASE WELL
JUMP IN AFTER REPORTING REVENUE
AND NET INCOME SKYROCKET IN THE
1ST QUARTER AS WEAPON 1ST
QUARTER TO ME AS
WELL MIKE BECAUSE OF ITS
MOST ASSOCIATION WITH THE PRICE
OF BITCOIN THOUGH HOW RISKY DO
YOU THINK THIS IS AS
A STOCK FOR SOME OF THOSE
INVESTORS THAT HAVE ALREADY
ADDED TO THEIR PORTFOLIO ARE
SOME THAT ARE ALREADY
AND SO DURING HER CURRENTLY
CONSIDERING ADDING INTO THEIR
PORTFOLIO.
>> YEAH, I THINK YOU'RE EXACTLY
BE THE RESULTS FROM REMEMBER
THEY ARE READY FOR FREE
ANNOUNCE
HE'S RISEN BACK ON APRIL 6 SO
THIS WAS REALLY MUCH OF THIS
CALL OVERNIGHT WAS MUCH MORE
CHANCE FOR A MATCH
MEN TO UPDATE SOME OF THE QUEUE
TREND SO FAR AND SO FAR THEY'RE
ACTUALLY FLAT UP SMALL WHICH
IS ACTUALLY SLIGHTLY AHEAD OF
WHAT THE STREET WAS EXPECTING
SO YOU WOULD EXPECT THE STOCK
TO
REACT FAVORABLY. AFTER LAST
NIGHT'S CALL. BUT HOWEVER.
COINBASE RIGHT NOW IS PRETTY
MUCH A PROXY 4 OVERALL
SENTIMENT IN THE CRYPTO MARKET
AND THAT CONTINUES TO BE QUITE
A CHALLENGE IN HERE IN THE
SHORT TERM THE MARKET HAS BEEN
SORT OF HIT WITH A LET'S SAY
A BOMBARDMENT OF NEGATIVE NEWS
RECENTLY I MEAN FROM ELON MUSK
NOT ALLOWING
A TESLA TO BE PAID WITH BIG ONE
ANYMORE TO ALSO YOU KNOW SOME
REGULATORY ACTIONS. AUNT
PERHAPS REALLY IS AN
INVESTIGATION. SO I THINK THAT
SPACE WILL CONTINUE TO BE UNDER
PRESSURE AND COINBASE IS REALLY
JUST ABOUT WHETHER PROXY FOR