Wall Street rebounds, earnings and inflation data on deck

This report comes from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open keeps investors updated on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

rebound
After Monday's sharp sell-off, Wall Street managed to recoup most of the week's losses. this S&P 500 Index It ended the week down just 0.04%, while Dow Jones Industrial Average down 0.6%, Nasdaq Index down 0.18%. On Monday, the S&P 500 hit its lowest point, down nearly 10% from its recent highs, and the Nasdaq entered retracement territory. Meanwhile, the 10-year Treasury bond yield Ministry of Finance immersionalthough US oil prices It rose more than 4% this week.

douchebag
disney announced plans New theme park attractions as part of a 10-year, $60 billion expansion plan. The Magic Kingdom is about to welcome a new land of villains. Hollywood Studios is adding a land inspired by Monsters, Inc. The Indiana Jones and “Encanto” attraction is coming to Disney California Adventure's Animal Kingdom and Avengers Campus, doubling in size and adding two new attractions. Theme parks have historically been a leading industry, but in the latest quarter consumer demand for Disney's domestic parks slowed due to rising prices.

Trump's losses
Trump Mediawhich owns the Truth Social app, Reported net loss of more than $16 million Revenue in the latest quarter fell 30% to $836,900. The company, whose largest shareholder is former President Donald Trump, has seen its shares plummet from a peak of more than $71 in March to $26.21 at Friday's close. Trump Media has a market capitalization of nearly $5 billion, an unusually high valuation considering its financial performance.

Conflict of interest?
Senator Elizabeth Warren Questioning CEO Elon Musk to Tesla’s Board of Directors May use company resources to benefit his other ventures, such as SpaceX and xAI. “Tesla“The board appears to have failed in its fiduciary duty to Tesla shareholders and neglected to address the apparent conflict of interest of the company's CEO, Elon Musk,” Warren wrote in a 10-page report. letter To Robyn Denholm, Tesla Chairman. Warren has previously called for an investigation into Musk's acquisition of Twitter. Musk has criticized Warren for years.

Asian markets higher
Asia Pacific Markets mostly higher U.S. economic data will be released on Monday later in the week. As the Japanese stock market is closed due to a public holiday, Taiwan Weighted Index The largest increase, up 1.4% Hon Hai Precision Industry — also known as Foxconn — shares soared 4%. Korean Cospi rose 1.1%, with chip maker SK Hynix rising 3.2%. Australian S&P/ASX 200 Index up 0.5%. Australian consumer electronics retail company JB Hi-Fi's share price rose 8% after releasing its results report full year results. Mainland China's CSI 300 index fell 0.2%, Hong Kong stocks Hang Seng Index Not much has changed.

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While U.S. and Japanese stock indexes tumbled amid recent volatility, the MSCI China index edged higher, reinforcing China's unique market position despite slower growth. This elasticity may indicate Seeking buying opportunities from diversified investors.

Since 2008, the Marvel Cinematic Universe's 34 films have grossed more than $30 billion, setting a record for the film industry. However, critics and fans believe that the franchise has faltered since 2019's Avengers: Endgame, which can be seen from Marvel's opening was disappointing. disney admit Its push for more streaming content may have contributed to this decline, now shifting its focus toward quality over quantity.

At Disney's biannual D23 expo on Friday, the company took advantage of The success of “Deadpool and Wolverine” and Pixar’s “Inside Out 2” have both announced plans to gross $1 billion at the global box office. Release more sequels and prequelsincluding “Moana 2,” “Toy Story 5” and “Frozen 3.”

While Disney's fortunes are improving, with its streaming services (Disney+, Hulu, ESPN+) turning a profit for the first time, its usually reliable service Theme park revenue Challenges faced due to economic slowdown and rising prices resulted in lower attendance. At D23 event, Disney details plans to invest $60 billion Strengthening theme parks in the next decade.

However, CNBC’s Sean Conlon points out that Disney shares are still down 4.5% so far this year One of the most oversold stocks And there may be a rebound.

This week, investors will get a closer look at consumer sentiment Walmart and home depot Publish their income. investors in The most tumultuous week since the pandemicMore economic data is expected, including July consumer price index and initial jobless claims. CNBC’s Sarah Min has more reporting what to expect.

After the S&P 500 had its worst day of 2022 on Monday – amid concerns about the unwinding of yen carry trades – Index rebounds on Thursday as Initial claims ease financial worries. However, RJ O'Brien's Thomas Fitzpatrick Warning of possible future volatility.

“Yesterday, the stock and bond market’s reaction to initial jobless claims topping $7,000 was unwarranted,” Fitzpatrick wrote on Friday. “All of this suggests that we may see volatility in the coming weeks. Intensification of sexism and overreaction to market news and data.”

— CNBC’s Sarah Whitten, Jesse Pound, Brian Evans, Lora Kolodny, Dan Mangan, Michael Wayland, Hakyung Kim, Pia Singh and Spencer Kimball contributed to this report.