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New York CNN —A man suing Walt Disney Parks and Resorts for the wrongful death of his wife is facing a new legal hurdle: Disney is trying to get it dismissed and sent to arbitration — because he signed up for Disney+ years earlier. Company lawyers also claim that because Piccolo used the Walt Disney Parks’ website to buy Epcot Center tickets, Disney is shielded from a lawsuit from the estate of Piccolo’s deceased wife, Kanokporn Tangsuan, who died of a reaction to severe food allergies. In October 2023, Kanokporn Tangsuan, her husband Jeffrey Piccolo and Piccolo’s mother dined at Raglan Road Irish Pub in Disney Springs, which is part of the Walt Disney World resort in Florida. Signing up for Disney+ should shield the company from court trials, Disney said. Gabby Jones/Bloomberg/Getty Images/FileThe waiter guaranteed the couple that certain foods could be made allergen-free, which the two confirmed “several more times,” according to the lawsuit.
Persons: Jeffrey Piccolo, Piccolo, Piccolo’s, Kanokporn Tangsuan, Brian Denney, , ” Denney, Disney didn’t, Gabby Jones, Tangsuan, , , Maruf, Maria Sole Campinoti Organizations: New, New York CNN, Walt Disney Parks and Resorts, Disney, Company, Walt Disney Parks, Epcot, ” Walt Disney Parks, Walt Disney, Bloomberg, Getty Locations: New York, Disney Springs, Florida
CNBC Daily Open: Wall Street soars; Starbucks ousts CEO
  + stars: | 2024-08-14 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street soarsWall Street rose after producer prices came in softer than expected, raising hopes of a rate cut. Starbucks ousts CEOStarbucks surprised investors by replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol, driving Starbucks' stock up more than 24% while Chipotle fell as much as 10%. Under Narasimhan's tenure, Starbucks' performance has struggled, marked by weak sales in the U.S. and China, its two largest markets. The latest inflation data strengthens the market's expectations of an interest rate cut at the Fed's September meeting.
Persons: Laxman Narasimhan, Brian Niccol, Chipotle, Niccol, Richard McPhail Organizations: New York Stock Exchange, CNBC, Dow Jones Industrial, Nasdaq, Nvidia, Microsoft, Apple, Treasury, Starbucks, Google, Gemini, Federal Reserve, PPI Locations: New York City, U.S, China
Treasury yields slip ahead of consumer inflation figures
  + stars: | 2024-08-14 | by ( Sophie Kiderlin | In | ) www.cnbc.com   time to read: +1 min
The 2-year Treasury yield was last at 3.929% after rising by 1 basis point. U.S. Treasury yields fell slightly on Wednesday as investors considered the latest inflation data and what it could mean for the economy and monetary policy. Treasury yields had tumbled on Tuesday after the producer price index increased 0.1% on a monthly bass in July, less than the forecast 0.2% rise. The wholesale inflation figure was released ahead of Wednesday's consumer price index. Investors will also be scanning the inflation figures for hints the outlook for interest rates.
Persons: Dow Jones Organizations: Treasury, CPI, Federal, Traders, Fed
ET, the yield on the 10-year Treasury was up by less than one basis point to 3.9150%. The 2-year Treasury yield was last less than one basis point higher to 4.0188%. Treasury yields were little changed on Tuesday as investors looked to the release of key inflation data amid uncertainty about the state of the U.S. economy. The data could also provide hints about whether the Federal Reserve is likely to cut interest rates when it meets in September. Following recent market turmoil and economic uncertainty, questions have also emerged about whether the Fed should have already started cutting rates to avoid a hard landing.
Persons: Dow Organizations: Treasury, PPI, Dow Jones, Federal Reserve Locations: U.S
On Thursday, traders get the latest reading on the state of the consumer with retail sales data for July. Hot CPI and inline retail sales (up 0.1% to 0.5%) — JPM believes that a hot CPI print and retail sales matching expectations could fuel "stagflation risks." Expect the S & P 500 to gain and Nasdaq and Russell to perform similarly. Inline CPI and cool retail sales — How much equities move in this outcome depends on the magnitude of the downside surprise in retail sales. In this scenario, traders expect a broadening in the market that includes the S & P 500 gaining.
Persons: Dow Jones, Jerome Powell, Jackson, — JPM, Russell, JPM Organizations: Federal, JPMorgan, CPI, Wall, Federal Reserve, Bank of, Nasdaq, Russell
watch nowThe PPI report, seen as a gauge of wholesale inflation, showed prices up just 0.2% in July and about 2.2% from a year ago. Still, investors are looking for the Fed at its September meeting to start cutting interest rates, considering that inflation is weakening and so is the labor market. Another benign inflation report "makes the Fed completely comfortable that they can shift their focus away from inflation and toward labor," said Tom Porcelli, chief U.S. economist at PGIM Fixed Income. There are cracks forming in the labor market backdrop." "I'm as curious about [Wednesday's] inflation report as anyone else, but I think it would take a real outlier to change the Fed's tune from 1) shifting to labor as its focus, and 2) seriously thinking about cutting in September," Porcelli said.
Persons: Jim Baird, Plante, Baird, Dow Jones, there's, Tom Porcelli, Porcelli Organizations: Walmart, Labor Department, Federal Reserve, Financial Advisors, PPI, Fed, Traders
Charlie Cox said he thought Vincent D'Onofrio was 'delusional' for thinking Marvel would rehire them. D'Onofrio turned out to be right, and a new "Daredevil" reboot premieres in March 2025. Go to newsletter preferences Thanks for signing up! AdvertisementVincent D'Onofrio never gave up hope that he would return to 'Daredevil,' his costar Charlie Cox said. Cox and D'Onofrio starred as beloved characters Daredevil and Kingpin in the show's three seasons.
Persons: Charlie Cox, Vincent D'Onofrio, Marvel, D'Onofrio, , Cox, Netflix's, Jessica Jones Organizations: Service, Netflix's Marvel, Marvel, Disney, Business Locations: Netflix's
Don't get too excited about this latest inflation report
  + stars: | 2024-08-13 | by ( Brian Evans | ) www.cnbc.com   time to read: +1 min
Stocks had a strong showing Tuesday after the latest U.S. wholesale inflation report came out. In other words, just because PPI rose less than expected, it doesn't mean investors should expect a tame CPI report on Wednesday. "Financial markets seem to react too much every month to PPI," said Stanley, the bank's chief economist. " The S & P 500 closed Tuesday's session nearly 2% higher, while the Nasdaq Composite climbed 2.4%. The major averages are now well above the lows seen in Aug. 5, when the Dow and S & P 500 suffered their biggest one-day pullbacks since 2022.
Persons: Stocks, Stephen Stanley, Stanley, Dow, David Russell, We're Organizations: ISI, PPI, Santander U.S, CPI, Federal Reserve, Nasdaq, Dow Jones Industrial
Asia-Pacific markets opened mostly higher on Tuesday, following a fluctuating session overnight in the U.S. as investors prepare for key inflation data. The S&P 500 concluded the day flat at 5,344.39, while the tech-heavy Nasdaq Composite climbed 0.21% to close at 16,780.61, led by shares of Nvidia soaring 4%. On the flipside, the Dow Jones Industrial Average fell 140 points or 0.36% to conclude at 39,357.01. Traders await Wednesday's consumer price index for July, a key indicator of the health of the U.S. economy. Investors will analyze the data for indications the Federal Reserve can begin cutting rates in September.
Organizations: Nasdaq, Nvidia, Dow Jones, Traders, Investors, Reserve Locations: Asia, Pacific, U.S
A key measure of wholesale inflation rose less than expected in July, opening the door further for the Federal Reserve to start lowering interest rates. Excluding volatile food and energy components, core PPI was flat. A further core measure that also excludes trade services showed an increase of 0.3%. Trade services prices fell 1.3% while margins for machinery and vehicles wholesaling tumbled 4.1%. An increase of 2.3% in portfolio management offset some of the decline in services prices.
Persons: Dow Jones Organizations: Federal Reserve, Labor Department's Bureau of Labor Statistics, PPI, BLS, Trade Locations: Brooklyn, New York City
Stock futures were mostly flat on Tuesday evening as Wall Street looks to keep a strong start to the week going with a key inflation report on deck. S&P 500 futures and Nasdaq 100 futures were also down less than 0.1%. The speed of the rebound is making some Wall Street pros uneasy. The market did get a piece of good news on Tuesday when the producer price index report showed cooler inflation than expected. "I think the inflation risk is much lower than the unemployment risk," El-Erian said.
Persons: Dow, I'm, Mohamed El, Erian Organizations: Dow Jones, Nasdaq, Allianz Locations: Japan
These women talk openly about being rich and wanting to help other women become rich too. She also launched a platform called Treasury, which says it has helped women invest over $80 million in the stock market. "I couldn't really find anyone who was teaching money the way that I wanted to learn it," Sacks said. And it's probably getting really smart about how you save money, taking the money that you are saving and investing it and building wealth." Young women, on the other hand, are turning to more tried-and-true tactics.
Persons: Dave Ramsey, Tori Dunlap, It's, Dunlap, Dow Jones, Simran Kaur, Rachel Rodgers, Z, Kaur, Zers, Haley Sacks, Sacks, Cartier, Kylie Jenner, Suze Orman, it's, they're, Rita Soledad Fernández Paulino, Leah Sheppard, Gen Zers, , Rita Soledad Fernández Paulino Sacks, Kyla Scanlon, Scanlon, aren't, Fernández Paulino, weren't Organizations: Economic, Institute, Washington State, Carson College of Business, GameStop, Fidelity Investments, Federal Reserve's Survey, Consumer Finances Locations: Tacoma , Washington, Dunlap, Instagram, Zealand, York, California
On Monday, stocks struggled ahead of this week's inflation data, which will likely set the tone for short term market action. The S & P 500 was little changed, the Nasdaq Composite made a small advance while the Dow Jones Industrial Average pulled back about a third of a percent. The first trade is a so-called tail hedge against a hotter-than-expected CPI print, i.e. buying S & P 500 put options. The value of the put contracts will increase if the S & P 500 falls on a surprising resurgence of inflation.
Persons: Dow Jones Organizations: JPMorgan, Nasdaq, Dow Jones, Investors, Federal Reserve
The latest views from the monthly Survey of Consumer Expectations indicate that respondents see inflation staying elevated over the next year but then receding in the next couple of years after that. In fact, the three-year portion of the survey showed consumers expecting inflation at just 2.3%, down 0.6 percentage point from June and the lowest in the history of the survey, going back to June 2013. That's still a full percentage point away from the Fed's 2% goal but about one-third of where it was two years ago. While the medium-term outlook improved, inflation expectations on the one- and five-year horizons stood unchanged at 3% and 2.8% respectively. Respondents expect the price of gas to increase by 3.5% over the next year, 0.8 percentage point less than in June, and food to see a rise of 4.7%, which is 0.1 percentage point lower than a month ago.
Persons: Dow Jones Organizations: New York Federal, Federal Reserve, Labor Department, Fed Locations: New
Traders work on the floor of the New York Stock Exchange during morning trading on May 31, 2024 in New York City. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Asia markets climb higherAsia-Pacific markets were mostly higher on Monday ahead of U.S. economic data later in the week. [PRO] Distinct marketWhile U.S. and Japanese indexes fell sharply amid recent volatility, the MSCI China index rose slightly, reinforcing China's distinct market status despite slower growth.
Persons: Disney, Indiana Jones, Donald Trump, Sen, Elizabeth Warren, Elon Musk, Elon Musk's, Warren, Tesla, Robyn Denholm, Musk, Hai Precision Industry —, , Australia's, Hong Organizations: New York Stock Exchange, CNBC, Wall, Dow Jones, Nasdaq, Magic, Hollywood, Inc, Animal Kingdom, Trump, Trump Media, SpaceX, Twitter, Hai Precision Industry, SK Hynix, China's CSI, U.S Locations: New York City, U.S, Magic Kingdom, Disney's California, Friday's, Asia, Pacific, Taiwan, Australian, China
CNBC's Jim Cramer on Monday reviewed what could have lead to last week's massive sell-off, telling investors the declines may have been facilitated by failed market strategies from larger institutions. Japan's stock market also declined sharply, with the Nikkei seeing its worst day since the "Black Monday" crash of 1987. To Cramer, last week's declines might have been caused by money managers from a variety of firms who used Japan's low interest rates to borrow money an invest in other global assets. "We've had so many sell-offs based on mistaken strategies by large institutions," Cramer said. "Let's remember last Monday's selloff and consider that it might've been about nothing more than flailing money managers, which is often the case with these big market meltdowns."
Persons: CNBC's Jim Cramer, Cramer, We've, selloff Organizations: Dow Jones, Nikkei, Bank of Japan
Learn moreThe Sea.Hear.Now festival blends music with surfing and immersive art in an annual event held in Asbury Park, New Jersey. The music festival takes over the north beach area of Asbury Park on September 14 and 15. Sea.Hear.Now 2024 festival scheduleSea.Hear.Now is a multi-genre music, art, and surfing festival held over two days in Asbury Park, New Jersey. How to buy tickets for Sea.Hear.Now 2024Original tickets for Sea.Hear.Now have sold out. How much are Sea.Hear.Now Music Festival tickets?
Persons: Bruce Springsteen, Noah Kahan, Springsteen, Danny Clinch, Sonic Blume, Passafire, Robert Randolf, Joe P, Sierra Ferrell, Guster, Ziggy Alberts, Grace Potter, Noah Kahan Sunday, Spazz, Rachel Ana Dobken, Bertha, Joy Oladokun, Larking Poe, Norah Jones, Action Bronson, Trey Anastasio, Gogol Bordello Organizations: Business, Hall of Fame, Asbury Park, Exchange, Ticketmaster, Craigslist, Asbury Ocean Club, The Locations: Asbury Park , New Jersey, Asbury, Ashbury
The singer who rose to fame on “Hannah Montana” is now the youngest person to be named a Disney Legend. To quote the legend herself, ‘This is the life.’ “Cyrus was among 14 artists honored as Disney Legends this year. The Walt Disney Company“The Disney Legends Award is the highest honor our company bestows,” Disney Chief Executive Officer Bob Iger told the crowd at the event. Disney Legends are bound by the special place they have earned in our history for their tremendous contributions in service of entertaining and delighting fans around the globe.”Congratulations to the iconic Harrison Ford on his Disney Legends Award! 🌟🎉 #D23 pic.twitter.com/ShFZ8jeRYb — Disney D23 (@DisneyD23) August 12, 2024Iger presented Ford, who he described as a “true Disney Legend and a dear friend,” with his award.
Persons: Miley Cyrus, Hannah Montana ”, Cyrus, , ” Cyrus, Hannah Montana, Hannah, ’ “ Cyrus, Angela Bassett, Jamie Lee Curtis, James L, Brooks, James Cameron, Harrison Ford, Frank Oz, Kelly Ripa, Oscar, John Williams, Disney, Colleen Atwood, Martha Blanding, Steve Ditko, Mark Henn, Joe Rohde, Ryan Seacrest, , Bob Iger, “ It’s Organizations: CNN, Disney, Walt Disney Company, ” Disney Locations:
CNBC Daily Open: Prequels, sequels and pixie dust
  + stars: | 2024-08-12 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The S&P 500 ended the week just 0.04% lower, while the Dow Jones Industrial Average slipped 0.6% and the Nasdaq Composite dipped 0.18%. At its lowest point on Monday, the S&P 500 was down nearly 10% from its recent high and the Nasdaq entered correction territory. [PRO] Low-volatility stocksDespite a wild week with steep sell-offs and concerns about Fed policy, markets rebounded showing resilience.
Persons: Disney, Indiana Jones, Carlos Tavares, Donald Trump, Sen, Elizabeth Warren, Elon Musk, Elon Musk's, Warren, Tesla, Robyn Denholm, Musk, CNBC's Pia Singh Organizations: CNBC, Wall, Dow Jones, Nasdaq, Magic, Hollywood, Inc, Animal Kingdom, Fiat Chrysler, France's PSA Groupe, Trump, Trump Media, SpaceX, Twitter Locations: U.S, Magic Kingdom, Disney's California, Michigan, Friday's
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Deutsche Bank upgraded Eli Lilly to a buy from hold rating on Monday after a blowout quarterly earnings report last week. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Eli Lilly, We've, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Dow Jones, Federal, The Club, Management, Amazon Web Services, Deutsche Bank, Novo Nordisk
Read preview"Daredevil: Born Again" is giving Charlie Cox the chance to return as blind lawyer-turned-vigilante Matt Murdock, several years after the Netflix "Daredevil" series was axed. "Daredevil: Born Again" introduces the serial killer, Muse. AdvertisementThis confirms that Daredevil will face off with Bullseye again after their brutal conflict in "Daredevil" season three. "Daredevil: Born Again" releases on Disney+ in March 2025. Marvel Studios/DisneyThe D23 2024 panel for the series confirmed that "Daredevil: Born Again" starts streaming on Disney+ in March 2025.
Persons: , Charlie Cox, Matt Murdock, Jessica Jones, Luke Cage, Cox, Murdock, Peter Parker, Tom Holland, Jennifer Walters, Ron Garney, Charles Soule, Wilson Bethel, Griffin, Benjamin Poindexter, Bullseye, Jon Bernthal, Frank Castle, Matthew Murdock, Deborah Ann Woll, Elden Henson Charlie Cox, Elden Henson, Vincent D'Onofrio, Jesse Grant, Karen Page, Foggy Nelson, Bernthal, D'Onofrio, Vanessa Fisk, Margarita Levieva, Heather Glenn, los Reyes Organizations: Service, Netflix, Business, Marvel, Marvel Entertainment, Forbes, Disney, Marvel Studios, TV Locations: New York
“Is she Indian or is she Black?” Trump said, falsely claiming his political rival for the presidency “happened to turn Black” a few years ago. Webb, Harris and more than 33 million other multiracial Americans are, by some measures, part of the nation’s fastest growing demographic group. And for many of them, former President Donald Trump’s repeated attacks on Harris’ identity feel particularly personal. I don’t say I’m a Black woman. See how that works.”Anthony McDowell shared this photo of his family on Facebook after hearing Trump's recent remarks questioning Harris' racial identity.
Persons: Sean Webb didn’t, Webb, He’s, Donald Trump, Trump, Kamala Harris, ” Trump, ” Webb, , Harris, , Donald Trump’s, Martha S, Jones, who’s, Trump’s, ” Harris, hasn’t, surrogates, JD Vance, didn’t, ” Vance, Michaelah Montgomery, US Sen, Maribel Vance, Stephen Maturen, Amber Rose, Kamala, she’s biracial, Angela Lee, she’s, Lee, ” Angela Lee, Paul, Lizzie, Ayla, Angela Lee Lee, Mindy Kaling, ” Lee, , Anthony McDowell, ” McDowell, ” Anthony McDowell, McDowell, we’re, We’ve, they’ve, “ I’m, he’s, it’s, Sean Webb, Harris ’ Organizations: CNN, National Association of Black Journalists, Johns Hopkins University, Republican, GOP, Trump, US, Indian, Facebook, Olympics, Team USA Locations: Denver, Appalachia, United States, Baltimore, Houston, Jamaica, India, Georgia, St Cloud , Minnesota, Indian, California, Pasadena , California, Puerto Rican, Indian American, United Nations, Texas, America
Artist concept for an attraction at a new “Cars”-themed area coming to Frontierland at Disney’s Magic Kingdom. To mark the occasion, the company will create the first-ever audio-animatronic version of Walt Disney, with a level of complexity of technology that has yet to be seen in a Disney park. Across the esplanade at Disney California Adventure park, Avenger’s Campus will more than double in size, with construction beginning in 2025. Artist concept of Disney’s first theme park ride based on “Coco,” which breaks ground in 2026. In Paris, Disney’s first-ever theme park attraction based on “The Lion King” will be built at the renamed Disney Adventure World park.
Persons: Walt Disney, Josh D’Amaro, Shaboozey, Billy Crystal, Mike Wazowski, Madrigal, Antonio, Indiana Jones, Indiana Jones ”, Disney’s Encanto, Disney Oscar, Ke Huy Quan, “ Indiana Jones, , D’Amaro, “ We’re, Lincoln ”, ” D’Amaro, , Disney’s, King Thanos, “ Coco, What’s, King ”, Simba, Epic Games Disney, Doom, Megan Thomas Organizations: CA CNN, Disney, Honda Center, CNN, Walt Disney Parks and Resorts, Walt Disney, Magic, Disney Magic, Walt Disney World, Hollywood Studios, Inc, Monsters Inc, Tokyo Disney, Pueblo Esperanza, Indiana Jones, EPCOT, Disneyland, Opera House, Infinity Defense, Stark, Pandora, Disney Cruise, Disney Destiny, Disney Parks Shanghai, Hong Kong Disney, Marvel, Epic Games, Epic, Star Locations: Anaheim, CA, Anaheim , California, Florida, California, Star, Tokyo, Disney’s, , Pueblo Esperanza, Disney, Imagineering, New York City, Disney California, Hong Kong, Shanghai, Tomorrowland, Paris, Fortnite, livestream
U.S. equity futures fell on Sunday evening as investors braced for key inflation data, after almost completely reversing its violent market rout last week. S&P 500 futures dipped 0.08% and Nasdaq 100 futures inched lower by 0.05%. Fear often works in our favor as stock market investors. "Another round of good [inflation] data could help calm fears that the Fed is potentially losing the plot," Cox said. "Retail sales and retailer earnings may show that fears of a job market slowdown are overblown," she added.
Persons: Callie Cox, they'll, Cox Organizations: Dow Jones, Nasdaq, Dow, Ritholtz Wealth Management, CNBC, Walmart
Looking back, quarterly earnings also played a key role in big stock moves for the portfolio. Looking ahead, we'll see an update on some key inflation data, plus a closer look at the state of the housing and retail sectors. ET: Producer Price Index Earnings: Home Depot (HD), Pandora (PANDY), Nu Holdings (NU), Sea Limited (SE) Wednesday, August 14 8:30 a.m. ET: Consumer Price Index Earnings: Tencent Holdings (TCEHY), Cisco (CSCO), UBS (UBS), JD.com (JD) Thursday, August 15 8:30 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Eli Lilly, Walt, Jim Cramer, we've, JD.com, Jim Cramer's, Jim, Spencer Platt Organizations: Dow Jones, Dow, Nasdaq, Walt Disney, Microsoft, Ford Motor, Wynn Resorts, DuPont, Devices, Procter, Gamble, Club, Abbott Laboratories, Federal, Traders, Sun Life, Nu Holdings, Sea, Tencent Holdings, Cisco, UBS, Philadelphia Fed, Walmart, Materials, Deere & Co, Ross Stores, Lenovo, Housing, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: U.S, Dover, Wells Fargo, Nextracker, Eaton
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