Comcast introduces new streaming bundle

I'm Conway Gibbs, reporting from the New York Stock Exchange. Here's what we're watching on the street today. The Dow tiptoed to another record high on Friday, closing above 40,000 for the first time while the rest of the stock market hugged either side of the flat line. Investors took a little breather after big gains drove stocks to new records earlier in the week. Wall Street believes inflation is moderating enough for a likely rate cut come the fall. Investors will hear more from the Federal Reserve when minutes from its last meeting are published next week. The earnings per rate continues next week, with quarterly results from NVIDIA, Target, and Toll Brothers to all over. In other news, Comcast announced plans for a streaming TV bundle called Stream Saver. The bundle includes Apple TV plus Netflix and Peacock for customers of Comcast's cable TV, Internet or mobile service. No word yet on the price, but Comcast CEO Brian Roberts told an industry conference the bundle will, quote, come at a vastly reduced price to anything in the market today. For an idea of what the price tag could be, Separately, Apple TV cost about $10 a month, Netflix's ad supported version is about 7 bucks, and Peacock's premium monthly subscription is $6. Streaming bundles could be the next big thing. Disney and Warner Brothers Discovery recently announced their own price conscious bundle, which includes Disney Plus, Hulu and Max, formerly known as HBO Max. Comcast, like other media players, is grappling with disappearing subscribers through cord cutting dwindling ad dollars. And an inability to dethrone Netflix as the king of streaming? Well, that'll do it for your daily briefing from the New York Stock Exchange. I'm Conway Gittens with the Street.