The Pre-Market Rundown: June 17, 2024
Wall Street is set to open little change this morning as traders start a holiday shortened week. Disney's newest Pixar film gave a much needed boost to the summer box office. Inside Out Two brought in an estimated $155,000,000 in the US and Canada for its debut, making it the second highest theatrical opening of an animated film ever, just behind The Incredibles 2 back in 2018. Now it's also the biggest opening weekend of any film so far this year and the first film since Barbie to top $100 million in its debut. McDonald's is reportedly firing its artificial intelligence drive through chatbot. Well, at least for now. Trade publication Restaurant Business says the fast food giant told franchisees it is ending its AI partnership with IBM no later than July 26th. The tech will be removed from the more than 100 restaurants that are using it. But McDonald's didn't dismiss the prospect of more drive through AI, telling Restaurant Business it still sees an opportunity to explore voice ordering solutions more broadly. And England war on inflation could suffer a blow because of Taylor Swift record shattering era store Hundreds of thousands of fans will flock to London in August to see Swift during her final UK dates. And strategies at investment bank TD Securities say the temporary surge in hotel prices could be enough for the Bank of England to defer a possible September interest rate cut. For CNBC Business News, I'm Silvana Hanau.