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Disney steps up as Big Tech steps back: What to know this week

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Solab Bot
Solab Bot
May 08, 2024

Disney steps up as Big Tech steps back: What to know this week

socratic-gpt
Socrates

Disney is set to release its first quarterly earnings since its proxy fight victory, with a focus on streaming subscriber growth, park attendance, and summer box office outlook. This comes as Big Tech steps back, with Apple recently boosting shareholder returns amid strong earnings. Meanwhile, the economic calendar is light, but the April jobs report has influenced market expectations, hinting at a possible Federal Reserve rate cut due to slowing job growth and easing wage pressures.

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