Money Minute: Disney's New Marvel Shows; Priceline Set to Soar More

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Walt Disney and Netflix are happy together. That and more top money stories you need know Friday.

The Dow Jones industrial average (^DJI) slid 153 points Thursday, retreating from Wednesday's record high. The Standard & Poor's 500 index (^GPSC) lost 23, and the Nasdaq composite index (^IXIC) tumbled 74 points.

The sell-off prompted some analysts to warn this could be the start of a 5-to-10 percent market correction -- which some of the same analysts believe could be good for the market in the long run.

disney marvel netflix
Todd Wawrychuk/Disney Enterprise via Getty Images
Walt Disney's Marvel unit will make four new TV-style series featuring live-action superheroes to roll out over the next several years. Some of the main characters are Daredevil, Iron Fist and Jessica Jones. Each will star in a 13-episode series that expands the Netflix (NFLX) library of original content shows.

Separately, Disney (DIS) reports a 12 percent increase in quarterly earnings, led by its theme parks and the Pixar hit "Monsters University." Disney also postponed the next "Star Wars" movie until late next year.

Priceline.com (PCLN) is the only stock in the history of the S&P 500 to top $1,000 a share, and it could add to those gains today, following a 40 percent jump in earnings. However, its outlook for the fourth-quarter was a bit on the conservative side.

Groupon's net edged past expectations, but revenue fell short. The company says the number of active users of the daily-deal site increase by 10 percent from a year ago to more than 43 million. Groupon's (GRPN) stock has soared by 150 percent over the past year, despite a bit of hiccup over the past six weeks. The company also says it's buying a Korean e-commerce company.

Finally, here's your chance to sleep with Elvis. A bedding collection featuring Elvis was one of the winners of a Walmart (WMT) contest for new products. The bedding set will cost $100. Long live The King.

-Produced by Drew Trachtenberg.


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crazy ray

More poeple doing all they can to sabotage the economy just so they can exploit it with another sensational story. These economic writers are just like firemen who set fires so they have something to put out.

November 08 2013 at 4:51 PM Report abuse rate up rate down Reply
kolblh

Disbelieve in magic can force poor souls into believing in government and business.

November 08 2013 at 4:10 PM Report abuse rate up rate down Reply
Neville

The next crash will be a blood bath!

November 08 2013 at 3:43 PM Report abuse rate up rate down Reply
plainbrian

haha

November 08 2013 at 2:54 PM Report abuse rate up rate down Reply
Big John

They need to get just a little more of hard working Americans money before the "correction", swindling takes place.

November 08 2013 at 2:11 PM Report abuse +2 rate up rate down Reply
tocnwth

I do not understand why a stock will sell of some 4 to 5 dollars because it misses its projected earnings by a penny. It does not matter if it is a forecast by the company or some anaylist.
Why would I sell a stock and lose 4 dollars a share because it misses its projected earnings by a penny------I must be nuts or there are a bunch of nuts out there.

November 08 2013 at 2:02 PM Report abuse +2 rate up rate down Reply
Larry

BS article. Every time the market hits a new high, people sell to get their gains. The author just wants to be in front of a possible drop by writing an srticle ahead of a possible drop. The, a year later, wow, he\'s right!

November 08 2013 at 11:54 AM Report abuse +1 rate up rate down Reply
rkeeeballs

The big drop was caused by the biggest players scooping up big profits in hopes of instilling enough market fear to get the little people to sell their holdings, which will be gobbled up when the price is right by the big players...again ! This is called "market manipulation"...And that's how the 1%er's own almost 50% of our countries equities and assets..........Do you get it now ?...Buy quality....Buy and hold.....and don't let go ! :>)

November 08 2013 at 11:49 AM Report abuse +1 rate up rate down Reply
bobbsafe

I think Wall Street has totally lost touch with Reality. Two days ago - bad news was good news because the Fed would delay ending QE and stocks went up. Today Good news is good news because the Fed will end QE earlier....NEW YORK (Reuters) - U.S. stocks rose on Friday, shaking off the initial selloff in futures after an unexpectedly strong payrolls report increased chances the Federal Reserve could begin to scale back its stimulus before the end of the year.NEW YORK (Reuters) - U.S. stocks rose on Friday, shaking off the initial selloff in futures after an unexpectedly strong payrolls report increased chances the Federal Reserve could begin to scale back its stimulus before the end of the year.
Which is reality - if either?

November 08 2013 at 11:25 AM Report abuse rate up rate down Reply
bdyftns

The sky is falling, the sky is falling...

November 08 2013 at 11:01 AM Report abuse rate up rate down Reply
1 reply to bdyftns's comment
Brian Corvello

Know what actually happened to Chicken Little and her friends at the end of that story?

November 08 2013 at 11:31 AM Report abuse rate up rate down Reply
1 reply to Brian Corvello's comment
bdyftns

The fable is interpreted as a warning not to believe everything you are told.

November 08 2013 at 11:56 AM Report abuse rate up rate down