CNBC’s Jim Cramer said investors want rate cuts but are also concerned by a lack of spending from consumers.
CNBC's Jim Cramer used Disney's Wednesday stock performance to describe how investors want rate cuts but are also concerned by a lack of spending from consumers.
"The Fed can rejoice and stretch the time before it cuts rates until it sees the Disneys of the world cut prices en masse, or it can anticipate what's going to happen and move now," he said.'s post-earnings stock performance to describe how investors want rate cuts but are also concerned by a lack of spending from consumers.
Disney topped Wall Street's expectations for earnings and revenue, with management touting its streaming services' performance and profitability. However, the company also indicated its theme parks business wasby inflation and lessened consumer demand. Disney CFO Hugh Johnston said the business saw a"slight moderation in demand," adding that it was"a bit of a slowdown that's being more than offset by the entertainment business.
"The Fed can rejoice and stretch the time before it cuts rates until it sees the Disneys of the world cut prices en masse, or it can anticipate what's going to happen and move now," he said.Sign up nowAir travel
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jim Cramer supports megacaps for the long term, even as Wall Street continues to sellAs megacap stocks continue to decline, CNBC's Jim Cramer said he remains optimistic about their prospects in the long run.
Read more »
Jim Cramer supports megacaps for the long term, even as Wall Street continues to sellAs megacap stocks continue to decline, CNBC’s Jim Cramer said he remains optimistic about their prospects in the long run.
Read more »
2 NYPD officers in stable condition after being shot in Manhattan, police sayThe NYPD asked that residents avoid Canal Street between Chrystie Street and Allen Street.
Read more »
Stock futures are little changed as Wall Street looks to shake off Thursday's market slideThe Dow Jones Industrial Average fell more than 500 points on Thursday but is still up for the week.
Read more »
CNBC Daily Open: Wall Street looks past political uncertaintyS&P 500 clocks best day since early June. Republicans call on CrowdStrike CEO to testify. Buffett sell $1.5 billion BofA stake.
Read more »
CNBC Daily Open: Wall Street looks past political uncertaintyS&P 500 clocks best day since early June. Republicans call on CrowdStrike CEO to testify. Buffett sell $1.5 billion BofA stake.
Read more »