CNBC's Jim Cramer used Disney's Wednesday stock performance to describe how investors want rate cuts but are also concerned by a lack of spending from consumers.
"The Fed can rejoice and stretch the time before it cuts rates until it sees the Disneys of the world cut prices en masse, or it can anticipate what's going to happen and move now," he said.'s post-earnings stock performance to describe how investors want rate cuts but are also concerned by a lack of spending from consumers.
Disney topped Wall Street's expectations for earnings and revenue, with management touting its streaming services' performance and profitability. However, the company also indicated its theme parks business wasby inflation and lessened consumer demand. Disney CFO Hugh Johnston said the business saw a"slight moderation in demand," adding that it was"a bit of a slowdown that's being more than offset by the entertainment business.
"The Fed can rejoice and stretch the time before it cuts rates until it sees the Disneys of the world cut prices en masse, or it can anticipate what's going to happen and move now," he said.Sign up nowAir travel
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Stock futures are little changed as Wall Street looks to shake off Thursday's market slideThe Dow Jones Industrial Average fell more than 500 points on Thursday but is still up for the week.
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