Odds And Ends -- March 3, 2023

The 3-day workweek: wow, wow, wow. the fog is clearing. A new theme for 2023 will be posted.

Fifty percent of office workers are still working remotely and big corporations are having difficulty of getting their workers back to the office. At best it looked like they might get workers back four days each week, but now, two new data points:

• USAA: told its workers yesterday that they will be bac in the office three dahys iif they want ot keep their jobs;
  

• Huge commercial property owner (NYC area) declared bankruptcy yesterday; talk has shifted to "A" property and "B" property -- and now commercial property, to survive, is factoring in a three-day workweek.

Putting this all toogether: for office workers and where else possible, the US workweek will morph into a permanent three-day workweek, not the four-day workweek we all thought was the transition back to the five-day workweek. 

Why did oil fall 2% this morning, when it was rising overnight and tea leaves suggested a good day for oil? From oilprcie.com:

WTI has since recovered a bit. 

GDPNow: down slightly from last reading --

Streaming wars: huge development. 

After years of investors thinking Disney would buy the rest of Hulu, the talk is shifting. Bob Iger himself has said he is re-considering, everything is on the table. Now, the talk is shifting. Disney might sell all of Hulu; Comcast may be interested. A new CEO needs to do something fast, and something big when it comes to the Disney situation. With the talk shifting, it's hard to not suggest that smoke is real, and there's a fire there.

Streaming wars tracked here.

Market today:

• CMCSA: up slightly; basically flat; lousy long-term investment past five years. A 3% dividend saved it from being a complete disaster.
• DIS: up a bit today but in a trading range; still below $100.