Bloomberg Tech Oracle’s Huge Bond Sale, Musk Eyes SpaceX and xAI Combo
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Feb 2, 2026 Daniel Payne, Chief Investment Officer at Slate Stone Wealth, offers investor-focused takes on Disney and consumer macro trends. He discusses Disney’s parks strength and streaming profitability. The conversation also covers Oracle’s massive bond and equity raise to fund cloud capacity and talks about Elon Musk’s reported plans to combine SpaceX with xAI.
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Position For Summer Demand Catalysts
- Expect consumer stimulus and large events to lift discretionary travel and park visits this summer.
- Position for potential recovery in Disney's experiences revenue if consumer refunds and events boost travel.
U.S. Plans Strategic Rare-Earth Stockpile
- The U.S. aims to seed a $12 billion strategic minerals stockpile to reduce dependence on Chinese rare earths.
- The plan pairs private-sector contributions with a $10 billion Export-Import Bank backing to stabilize supply.
AI Valuations Depend On Productivity Gains
- 2026's AI story hinges on whether AI spending yields measurable productivity gains.
- If ROIs fail to appear, current high valuations risk being judged capital misallocation.