Don't look now, but big retailers are making big investments in the future.

Motley Fool Money starts now.

I'm Chris Hill, joining me in studio, Motley Fool, Senior Analyst, Jason Meuser.

It's good to be back in the studio.

It's always good to be back in the studio.

We're going to have to have some sweatshirts just on hold.

The listeners don't care about whether or not we're comfortable.

Before we get to the reach out, let's get to Disney's big event over the weekend.

They had the D23 Expo and overwhelmingly it was focused on new movies, new programming

to come into Disney Plus.

And CEO Bob Chapich was on hand and talking to the media.

And by way of background, Dan Loeb, who we've talked about every once in a while on this

show, activist investor from the firm, third point, Loeb has been publicly pushing for

Disney to spin off ESPN.

And in at least one and possibly more than one interview, Chapich just was asked about

that and just shot it down point blank.

And you and I were talking right before we started recording.

The surprising thing to me is that Dan Loeb completely reversed course.

And let me just read this thing.

He tweeted out, we have a better understanding of ESPN's potential as a standalone business

and another vertical for Disney to reach a global audience to generate ad and subscriber

revenues.

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