Jamie Diamond Says It's Too Early to Declare Victory

JP Morgan Jay's Jamie Diamond suggests that the Federal Reserve could raise interest rates higher than expected of price pressure persist. His comments come am it growing signs of inflation in the US economy including the strong January jobs report. On Wednesday during its quarterly earnings Call win investors Disney also announced it would be cutting five and a half billion dollars in costs which will be made up three billion dollars from Content including sports, and remaining two and a halfbillion dollars from non-content cuts. The media and entertainment giant said it would now be made up of three divisions Disney entertainment,. most of its streaming and media operations ESPN division That includes a TV network and ESPN streaming services a Parks experiences and product units.