Tech stocks like AMD, Snap, and Super Micro are down after disappointing earnings reports. Disney beats estimates and raises guidance but stock still drops. Disney makes big deals with the NFL and WWE, but stock is sold off. Disney reports strong park business and direct-to-consumer profits. CEO Bob Iger makes moves to solidify streaming future. 1. The US economy added 943,000 jobs in July, surpassing expectations. Unemployment rate dropped to 5.4%, lowest since the start of the pandemic. Industries like leisure and hospitality saw the biggest gains, signaling a strong recovery.
2. Tropical Storm Fred is expected to make landfall in Florida, bringing heavy rain and strong winds. Residents are advised to prepare for potential flooding and power outages. Emergency response teams are on standby to assist.
3. The Tokyo Olympics have come to a close, with Team USA leading the medal count. Athletes from around the world showcased their talent and resilience, despite the challenges of competing during a pandemic. The Paralympic Games are set to begin next.
Read more at Yahoo Finance: Disney goes all in on streaming with big NFL and WWE deals: Opening Bid top takeaway
