Disney Scraps Florida Plans Amid DeSantis Confrontation
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Disney Scraps Florida Plans Amid DeSantis Confrontation
Disney Scraps Florida Plans , Amid DeSantis Confrontation.
CNBC reports that Disney has canceled plans to open
a new employee campus in Florida amid ongoing
tension with the governor of the Sunshine State.
CNBC reports that Disney has canceled plans to open
a new employee campus in Florida amid ongoing
tension with the governor of the Sunshine State.
Josh D’Amaro, chairman of Disney’s parks,
experiences and products division, addressed
the decision in a May 18 memo to employees.
Josh D’Amaro, chairman of Disney’s parks,
experiences and products division, addressed
the decision in a May 18 memo to employees.
D'Amaro cited "changing business conditions" and CEO Bob Iger's return to helming the company.
D'Amaro cited "changing business conditions" and CEO Bob Iger's return to helming the company.
Along with announcing that Disney would not go forward
with the new campus, the company canceled plans to
relocate 2,000 California-based employees to Florida.
Along with announcing that Disney would not go forward
with the new campus, the company canceled plans to
relocate 2,000 California-based employees to Florida.
This was not an easy decision to make,
but I believe it is the right one, Josh D’Amaro, chairman of Disney’s parks,
experiences and products division, via CNBC.
CNBC reports that the new campus was
originally scheduled to open as soon as
2022-2023, but was later pushed back to 2026.
It is clear to me that the power of
this brand comes from our incredible
people, and we are committed to
handling this change with
care and compassion, Josh D’Amaro, chairman of Disney’s parks,
experiences and products division, via CNBC.
The news comes after Governor Ron DeSantis
targeted Disney's special district, which had
allowed it to self-govern its operations for decades.
The news comes after Governor Ron DeSantis
targeted Disney's special district, which had
allowed it to self-govern its operations for decades.
The special district's five-member
board was replaced by members
handpicked by DeSantis.
.
The special district's five-member
board was replaced by members
handpicked by DeSantis.
.
In response, Disney filed a lawsuit accusing
DeSantis and the new board members of
carrying out a campaign of political retribution.
.
In response, Disney filed a lawsuit accusing
DeSantis and the new board members of
carrying out a campaign of political retribution.
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Credit: The Hollywood Reporter Duration: 01:12Published
Marvel is resurrecting Vision once again for his own TV series. The character will be at the center of the studio's first new series order in some time. The untitled show is currently on track for a 2026 premiere on Disney+. Terry Matalas of 'Star Trek: Picard' is set to be the showrunner. A writer's room for the series opened this week. Paul Bettany will reprise his role as Vision, which spans three Marvel films and the Disney+ series 'WandaVision.' (As well as the voice work he did on the three 'Iron Man' movies.)
Credit: The Hollywood Reporter Duration: 01:09Published
'Only Murders' is back and headed to Hollywood! As part of Disney's upfront presentation, Hulu revealed the trailer and premiere date for the upcoming fourth season of 'Only Murders in the Building.' As previously reported, season four of Only Murders starring Selena Gomez, Martin Short and Steve Martin will follow Mabel, Charles and Oliver searching for answers about who killed Jane Lynch's character Sazz Jane Lynch, if they were actually aiming for Charles and why anyone would want to kill either of them.
Credit: The Hollywood Reporter Duration: 01:19Published
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Brother Marquis of 2 Live Crew , Dead at 58.
The rapper's death was confirmed by the group's manager on June 3, 'USA Today' reports. .
A cause of death has yet to be revealed.
2 Live Crew member Uncle Luke
took to X to pay tribute to Brother Marquis. .
2 Live Crew member Uncle Luke
took to X to pay tribute to Brother Marquis. .
My Condolence goes out to the
Family of Brother Marquis and so
many of his Fans from around the
World after learning his passing, Uncle Luke, via X.
We took on so many fights
for the culture (and) made
Great music together
something I would never forget. , Uncle Luke, via X.
2 Live Crew's 1989 album, 'As Nasty As They Wanna Be,' made history as the country's "first legally obscene album," 'USA Today' reports. .
Following the ruling, southern Florida
made it illegal to sell the album, but
that ruling was later overturned.
The group's fourth album, 'Banned in the U.S.A.,' was the first album to contain the "parental advisory explicit content" label.
2 Live Crew is presently embroiled
in a legal battle with Lil Joe Records over rights to their music, 'USA Today' reports. .
We had recently got back together
to take on another fight to get
back our catalog that was stolen
from us. We will continue that
fight in his name for his Family, Uncle Luke, via X.
The Brother Marquis that I
know would want us to celebrate his life (and) that’s exactly what
I’m gonna do. R.I.P My Brother, Uncle Luke, via X
Credit: Wibbitz Top Stories Duration: 01:31Published
European Central Bank , Cuts Interest Rates.
The action was confirmed on June 6 at
the central bank's meeting, CNBC reports. .
The European Central Bank's (ECB) key
rate will go from 4% down to 3.75%.
The ECB Governing Council issued a statement.
Based on an updated assessment of
the inflation outlook, the dynamics of
underlying inflation and the strength
of monetary policy transmission, , ECB Governing Council, via statement.
... it is now appropriate to
moderate the degree of monetary
policy restriction after nine months
of holding rates steady, ECB Governing Council, via statement.
This is the first time that interest rates
have been cut since September 2019. .
Updated macroeconomic projections indicate that 2024's "annual average headline inflation outlook" has been increased from 2.3% to 2.5%, CNBC reports.
For 2025, it was raised from 2% to 2.2%.
The projection for 2026 stayed at 1.9%.
The ECB's next meeting is in July, where another rate cut is unlikely, experts say.
The slight upgrade to the inflation forecast
was to be expected, inflation has been printing
a little bit hotter than markets were expecting,
but in terms of the timing of the next cut
I’d still be looking to September, Dean Turner, chief euro zone economist at
UBS Global Wealth Management, to CNBC.
Canada also cut interest rates on June 5, while Sweden and Switzerland cut rates earlier this year.
Canada also cut interest rates on June 5, while Sweden and Switzerland cut rates earlier this year.
Canada also cut interest rates on June 5, while Sweden and Switzerland cut rates earlier this year.
The U.S. Federal Reserve continues
to battle America's rate of inflation.
Credit: Wibbitz Top Stories Duration: 01:31Published
Intel Reveals , New AI Chips.
On June 4, Intel announced its new
Xeon 6 processor, CNBC reports. .
The new AI chips will help to
provide better performance and more efficient power for data centers.
The announcement follows similar
launches from rivals Nvidia and AMD.
The announcement follows similar
launches from rivals Nvidia and AMD.
Intel launched its 5th Gen Intel Xeon processors just six months ago.
In April, the company
unveiled the Gaudi 3 processor.
Customers are looking for high
performance, cost-effective gen AI
training and inferencing solutions.
And they’ve started to turn
to alternatives like Gaudi. , Patrick Gelsinger, chief executive officer of Intel Corp., via statement.
They want choice. They want
open software and hardware
solutions and time to market
solutions at dramatically lower
TCOs [total cost of ownership], Patrick Gelsinger, chief executive officer of Intel Corp., via statement.
Intel plans "to continue to grow the AI PC category" with its Lunar Lake chips, which
are scheduled to ship in Q3 2024.
Intel, which recorded a $7 billion operating loss in 2023, is attempting to catch up to
its rivals amid the ongoing AI frenzy.
While Intel has been struggling, it differs from Nvidia and AMD because it manufactures chips in addition to designing them.
Additionally, Intel received $20 billion in funding from the CHIPS and Science Act
which could help the company to advance.
Additionally, Intel received $20 billion in funding from the CHIPS and Science Act
which could help the company to advance
Credit: Wibbitz Top Stories Duration: 01:31Published
ConocoPhillips , to Buy Marathon Oil.
ConocoPhillips , to Buy Marathon Oil.
On May 29, ConocoPhillips agreed to
acquire Marathon Oil in an all-stock deal valued at $17 billion, CNBC reports.
The agreement will provide ConocoPhillips with
an additional 2 billion barrels of U.S. inventory.
This acquisition of Marathon Oil further
deepens our portfolio and fits within our
financial framework, adding high-quality,
low cost of supply inventory adjacent to our
leading U.S. unconventional position. , ConocoPhillips CEO Ryan Lance, via statement.
ConocoPhillips' market cap will
exceed $150 billion due to the deal.
As an independent producer, ConocoPhillips will now be on the same scale as some big-time players, CNBC reports.
For example, the company will become larger than BP but still be smaller than Shell, according to Andrew Dittmar, M&A analyst at Enverus.
For example, the company will become larger than BP but still be smaller than Shell, according to Andrew Dittmar, M&A analyst at Enverus.
While the deal is likely to face FTC scrutiny, the fact that Marathon's assets encompass multiple basins supports regulatory approval, Dittmar said. .
Once the deal is complete,
ConocoPhillips anticipates share buybacks worth $7 billion within the first year.
After three years, that number is
expected to grow to $20 billion.
ConocoPhillips' larger rivals,
Exxon Mobil and Chevron, announced
blockbuster deals as well last year.
ConocoPhillips' larger rivals,
Exxon Mobil and Chevron, announced
blockbuster deals as well last year
Credit: Wibbitz Top Stories Duration: 01:31Published
Poll Highlights Gap , Between Economic Data and , Consumer Attitudes .
CNBC reports that over half of Americans
falsely believe the United States is in
the middle of an economic recession.
A recession is officially defined as an extended period of
economic decline, usually after gross domestic product
(GDP) declines for two or more consecutive quarters. .
However, for the past several years,
GDP has actually been increasing.
Despite this, a recent Guardian/Harris poll
found that 56% of respondents believe the
U.S. is currently experiencing a recession. .
Despite this, a recent Guardian/Harris poll
found that 56% of respondents believe the
U.S. is currently experiencing a recession. .
At the same time, 58% of those polled believe
that the Biden administration is responsible
for the perceived economic downturn.
In the first quarter of 2024,
the GDP grew by 1.6%. .
CNBC reports that the recent poll
highlights the ongoing gap between
economic feelings and economic data. .
Consumer attitudes have been
lagging amid persistent inflation and
a consequently high cost of daily living. .
The poll comes just six months ahead of the November
presidential election which will pit President Joe Biden
against former president Donald Trump.
The poll comes just six months ahead of the November
presidential election which will pit President Joe Biden
against former president Donald Trump.
The Biden administration has been trying to shift the
mood of voters and recognize economic gains the U.S.
has made in the wake of the COVID-19 pandemic. .
The Biden administration has been trying to shift the
mood of voters and recognize economic gains the U.S.
has made in the wake of the COVID-19 pandemic.
Credit: Wibbitz Top Stories Duration: 01:31Published
Microsoft Announces , New Surface PCs With AI Chips.
On May 20, Microsoft announced that it will be releasing a Surface Laptop and Surface Pro tablet with Qualcomm AI chips, CNBC reports. .
On May 20, Microsoft announced that it will be releasing a Surface Laptop and Surface Pro tablet with Qualcomm AI chips, CNBC reports. .
Qualcomm's Arm-based chips
deliver longer battery life.
Other computer makers such as Dell, HP, Acer and more are also debuting AI-ready PCs that will offer Microsoft's Copilot AI chatbot.
PCs equipped with AMD and Intel chips that adopt the Copilot+ standard will be released at a later date, Microsoft said. .
PCs equipped with AMD and Intel chips that adopt the Copilot+ standard will be released at a later date, Microsoft said. .
Copilot+ computers will begin at $999.
Pre-orders are currently being accepted. .
The devices will be available in June.
The new offering comes almost four
months after Microsoft CEO Satya Nadella said on an earnings call that "in 2024,
AI will become a first-class part of every PC." .
The new offering comes almost four
months after Microsoft CEO Satya Nadella said on an earnings call that "in 2024,
AI will become a first-class part of every PC." .
On May 20, Microsoft shares
closed at $425.34, up 1.2%.
Qualcomm increased 2%
to $197.76, a record close
Credit: Wibbitz Top Stories Duration: 01:30Published
US Braces for Potentially , Dangerous Heat Wave.
NBC reports that warnings have been issued in
cities across southern and western states ahead of
a dangerous heat wave expected to start on June 5.
Cooling centers will reportedly be opened,
as temperatures are forecast to rise above
110 degrees Fahrenheit in some areas.
The heat alerts and warnings are estimated
to impact over 29 million people in a region
spanning from central California to southern Texas. .
Due to an area of high pressure,
daytime highs are estimated to rise
10 to 25 degrees above average.
On June 4, the city of San Angelo in central Texas
hit 111 degrees, the highest temperature recorded
there since it reached 112 degrees last summer.
According to the National Weather Service,
California's Central Valley could reach temperatures
"well up into the 100s at the hottest location.".
According to the National Weather Service,
California's Central Valley could reach temperatures
"well up into the 100s at the hottest location.".
Interior desert regions, including
Las Vegas, are expected to see
temperatures exceed 110 degrees. .
California's Death Valley National Park
has been predicted to reach anywhere
between 118 and 121 degrees.
California has gone to phase 2
of the state's extreme heat temperature response
plan, which includes opening cooling centers.
Extreme heat can be deadly.
Together, let’s do everything
we can to stay safe. The state
is taking action to protect
and inform communities
and Californians should
take steps now to protect
themselves from the heat. , Gavin Newsom, Governor of California, via 'Newsweek'
Credit: Wibbitz Top Stories Duration: 01:30Published
This Day in History: , Bobby Kennedy Is Assassinated.
June 5, 1969.
Senator Kennedy was shot at
the Ambassador Hotel in LA,
after making a brief victory
speech to a crowd of supporters.
Considered by many to be the
only hope in unifying a deeply divided nation,
he had just won the California presidential primary.
22-year-old Sirhan Sirhan
fired several rounds at Kennedy
at close range as he was exiting
the hotel through the kitchen.
Kennedy was pronounced dead the next day.
Dr. Martin Luther King Jr. had been
gunned down just months earlier.
Sirhan Sirhan was sentenced to death.
He spent the rest of his life in prison
after California outlawed the death penalty.
Richard Nixon was elected to his
first term as President of the United States
later that year
Credit: Wibbitz Top Stories Duration: 00:55Published
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