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5 things to know before the stock market opens Wednesday

  • Stocks have come down from record highs as expectations for rate cuts dwindle, and earnings from companies such as Disney will help to drive markets the rest of the week.
  • Disney's ESPN, Fox and Warner Bros. Discovery are set to release a joint sports streaming platform later this year.
  • A door plug that blew off a Boeing jet last month appeared to be missing bolts.

Here are the most important news items that investors need to start their trading day:

Stocks have pulled back from their record highs as doubts grow about how soon the Federal Reserve will start to cut interest rates. After the central bank held rates steady last week, Chair Jerome Powell suggested investors may have to wait longer than expected for policy to ease — and other Fed policymakers have started to back him up this week. Earnings will help to drive stocks for the rest of the week, headlined by Walt Disney on Wednesday after the bell. Follow live market updates here.

Disney is no stranger to ambitious crossover events. Its latest could have big implications for the media industry. The company's ESPN network will partner with Fox and Warner Bros. Discovery to launch a joint sports streaming platform this fall. Subscribers could watch the broadcast and cable networks owned by those companies that carry sports, along with the streaming platform ESPN+. They would also have the option to bundle the product with the Disney+, Hulu and Max streaming services. The companies, which would each own one-third of the venture, did not announce a price or name for the platform.

A preliminary National Transportation Safety Board report released Tuesday offered the most detail yet on what caused a door plug to blow out of a Boeing 737 Max 9 plane during an Alaska

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