8/11/22
Filling up your car is costing less. And your Disney+ streaming price is about to go up. Has inflation peaked? That seems to be the elephant in the room after yesterday’s inflation numbers from the government. And the answer differs depending on who you talk to.
Meanwhile a mixed day on the markets…
The Dow gained 27 to close at 33,336
The S&P lost 2 points.
The Nasdaq fell 74 on the day, just over half a percent.
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Gas prices keep dropping. Now averaging $3.99 / gallon nationally for the first time since March. Crude oil prices have fallen recently, which make up more than half of the cost at the pump. But this might be short-lived as those prices are starting to climb again.
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The house of mouse is going strong. Walt Disney stock jumped 4% today after the company reported better than expected earnings and subscriber growth. But watching your favorite show on Disney+ without ads will soon cost more. $10.99 / month. $7.99 / month for an ad-supported plan.
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McDonalds is beginning to re-open in Ukraine. The burger joint pulled out of its 109 restaurants as war erupted there. Now, it will focus on Kyiv and western Ukraine to start serving Big Macs again.
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From Los Angeles, I’m Brian Martin with your BEONDTV After the Bell report.
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