The entertainment company was trading down Wednesday morning, despite posting better-than-expected earnings on Tuesday. The biggest drag could be coming from "concern around ESPN and the decline in subscribers there," says Jason Ware, chief investment officer and chief economist at Albion Financial Group.
For the full interview, [click here](https://cheddar.com/videos/disney-beats-the-street-as-black-panther-sends-revenue-soaring).
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.