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David Miller of Topeka Capital Markets asks on Park margins of 15.9% & how much of that was due to My Magic Plus. $DIS CFO Christine McCarthy said the way of looking at park margin is to look at domestic operations. The 15.9% was a total segment, including international operations. The domestic business was up 20% and their margins were up 300 BP.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.