>>More Earnings Reports Due

(Undated)  --  Disney's highly anticipated second-quarter earnings report beat analyst estimates on Tuesday.  And yet stock prices sank, sliding around ten percent after it missed revenue estimates for the fourth consecutive quarter and the entertainment company issued guidance about what it believes will be a softer third quarter.  Meanwhile, noteworthy earnings coming up ahead today include Airbnb and Uber.

 

>>TikTok Sues U.S. Government Over Possible Ban

(Washington, DC)  --  TikTok is suing the U.S. government over efforts to have the popular app banned in the country.  The lawsuit was filed Tuesday in the U.S. Court of Appeals for the DC Circuit by the social media app and its parent company ByteDance.  It argues the Protecting Americans from Foreign Adversary Controlled Applications Act violates the First Amendment.  The bill aims to force ByteDance to sell TikTok or have it banned in the U.S.  In the lawsuit, TikTok said, "For the first time in history, Congress has enacted a law that subjects a single, named speech platform to a permanent, nationwide ban."

 

>>Poll: Confidence In Biden And Economy Lowest Since George W. Bush

(Washington, DC)  --  When it comes to the economy, Americans don't have much confidence in anybody, President Biden in particular.  A Gallup poll shows that only 38-percent of U.S. adults have "a great deal" or "a fair amount" of confidence in Biden to make the right decisions about the economy.  The poll also measured confidence in former President Trump, Federal Reserve Chair Jerome Powell, and Democratic and Republican leaders in Congress.  Trump had the most support at 46-percent, while Powell and both parties in Congress were all under 40-percent.  Biden's rating on the economy is the lowest since the final year of George W. Bush's second term when only 34-percent had confidence in his handling of the economy.

 

>>Apple Announces New iPad Models

(Cupertino, CA)  --  Apple is coming out with a new iPad Pro and iPad Air tablets.  CEO Tim Cook said it's "the biggest day for iPad since its introduction." Apple calls the iPad Pro its thinnest ever, at just over five-millimeters thick, and it has new M4 chip, which it calls "outrageously powerful" for A-I.  The smaller version Pro starts at thousand-bucks, the larger, at 13-hundred. The iPad Air has a less powerful M2 chip, with the larger version starting at 800-bucks, the smaller at 600.