A mixed bag from Disney
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 7 May 2024
⏱️ 1 minutes
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Summary
Disney lost money on streaming but, if ESPN were stripped out, Disney+ and Hulu made a profit; BP’s latest quarterly earnings are down from the previous quarter; Social Security and Medicare will run out of money in about a decade; Uber and Instacart join forces.
Transcript
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| 0:00.0 | A mixed bag from Disney. I'm Nancy Marshall Genser with a marketplace minute. |
| 0:05.0 | Disney shares fell this morning after it reported earnings for its second fiscal quarter. |
| 0:10.0 | The company lost money on streaming, but if E-SPN were stripped out, Disney Plus and Hulu made a profit. |
| 0:16.0 | The British Energy Giant BP reported today its latest quarterly profit came in more than 40% lower than a year ago by one measure. |
| 0:24.6 | BP cited lower energy prices and an outage at a BP refinery in Indiana. |
| 0:30.7 | A new Social Security and Medicare Trustees report says the two programs will burn through their trust funds in about a decade. |
| 0:38.0 | After that, Social Security would only be able to pay out 79% of benefits, Medicare could handle 89%, Congress could raise the retirement |
| 0:46.8 | age or hike taxes to solve the problem. |
| 0:49.9 | And Uber and Insta Kart are joining forces, there'll be a new restaurants tab in the |
| 0:54.1 | Instacart app. Those orders will be delivered by drivers for UberEats. I'm |
| 0:59.0 | Nancy Marshall Genser with the marketplace minute. |
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