Fast Money Blog- 12/1/23

Quite a number of things happened this week on Wall Street, as the end of November marked the best monthly stock market performance since 2022.

On Thursday, November 30th, the personal consumption expenditures price index, the Federal Reserve’s favorite gauge of inflation, was released.  

It showed that prices (excluding food and energy prices) rose by only .2% for the month of October, and 3.5% on a year-over-year basis.

In addition, consumers are significantly spending less. 

These numbers indicate that the Fed’s goal of lowering inflation has been successful. All eyes are now on the Fed’s decision whether to raise rate hikes following their next meeting on December 13th and 14th. 

In other news, The Walt Disney Company (DIS) announced that it was bringing back its dividend after a 3-year suspension. Disney will now pay a dividend of $0.30 per share to shareholders of record as of Dec. 11th. 

And here’s your December streaming TV update:

Apple, Inc. (AAPL) and Paramount Global (PARA) reportedly held talks about potentially bundling Paramount+/Apple TV+ into one package, that would cost less than subscribing to both services separately.

Verizon Communications, Inc. (VZ) is also said to be planning to offer the ad-supported versions of Netflix, Inc. (NFLX) and Warner Bros. Discovery, Inc.'s (WBD) Max (formerly HBO)streaming services for about $10 a month combined instead of about $17.

Stay Open! Stay Positive!

Tyrone Jackson, The Wealthy Investor