#Disney #Google #youtube
Yahoo Finance Live’s Akiko Fujita and Diane King Hall break down today’s top headlines including Disney Q2 earnings, the latest inflation data, and what’s new at the Google I/O conference.
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The second quarter results for Disney have been mixed, with the company reporting a decrease in revenue compared to the same time last year. Despite this, the company reported strong growth in its streaming services, with Disney+ reaching over 103 million subscribers. The pandemic has continued to impact the company’s parks and cruises businesses, but with the vaccine rollout underway, there is optimism for a return to pre-pandemic levels in the future.

Meanwhile, the April Consumer Price Index (CPI) showed inflation cooling slightly, with prices rising 0.8% compared to the previous month, down from the 0.9% rise in March. The decrease in inflation was primarily driven by a drop in the prices of used cars and trucks. The overall inflation rate remains above the Federal Reserve’s target of 2%, but the slight dip in April has eased concerns about rapid inflation.

In the world of tech, Google has announced a new feature that uses generative AI in its search results in English. The feature is called “Multitask Unified Model” (MUM) and is designed to help users find more relevant information by understanding the context of their search queries. MUM can understand complex questions and provide more comprehensive answers, making it easier for users to find the information they need.

Overall, these developments in the media, economic, and tech worlds demonstrate that industries continue to adapt to changing circumstances. Disney has seen an uptick in streaming services while grappling with challenges in other sectors, the CPI has seen inflation rates easing just slightly, and Google has introduced a new search feature to enhance user experience. These examples show how companies are innovating and evolving to survive and thrive in a rapidly changing world.