Walt Disney

Pixar’s Inside Out 2 had a blowout opening, topping $1 billion in 2024 ticket sales in 19 days—a record for an animated film, says

Comscore

senior media analyst Paul Dergarabedian, and the most since

Warner Bros. Discovery
’s

Barbie.

Comscore estimates Inside Out 2 hauled in $469.3 million in the U.S. and Canada alone through June 30. The sequel to a hit that won the 2016 Oscar for Best Animated Film grossed $545.5 million overseas, says BoxOfficeMojo, and is only the 11th animated release to hit $1 billion globally—eight of which are

Disney

/Pixar titles, says Dergarabedian.

Inside Out 2 racked up $57.4 million on the last weekend in June, beating a field of debuting films, including Paramount’s A Quiet Place: Day One, a horror thriller and prequel to 2018 and 2020 films of the same name, which posted $53 million domestically. Warner Bros.’ Horizon: An American Saga—Chapter 1, Kevin Costner’s Civil War–era epic, drew $11 million.

Although Horizon opened in 3,334 theaters, nearly as many as Inside Out 2’s 4,440 and Quiet Place’s 3,708, Comscore says Horizon sold an average of $3,299 in tickets per theater, to Inside Out’s $12,928 and A Quiet Place’s $14,293.

Overall, domestic box-office sales total $3.61 billion this year through June 30, 19% below 2023. Despicable Me 4 opened domestically on Wednesday. BoxOfficeMojo notes the sequel had already sold more than $25.5 million since opening in New Zealand on June 20.

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Write to Janet H. Cho at janet.cho@dowjones.com

Last Week

Markets

Treasury yields jumped after the Supreme Court presidential immunity decision and debate fallout. In France, the first round of elections left the right-wing National Rally with less than a majority; in the U.K., Keir Starmer–led Labour swept the Conservatives from power.

Tesla
’s

better-than-expected sales buoyed stocks.


Bitcoin

slumped and June jobs beat forecasts. On the holiday-shortened week, the


Dow industrials

rose 0.7%, while the


S&P 500,

up 2%, and


Nasdaq Composite,

up 3.5%, set new highs.

Companies

The Justice Department charged

Boeing

with fraud in two fatal crashes. The federal government awarded

Moderna

$176 million for a bird-flu vaccine. The Food and Drug Administration approved

Eli Lilly
’s

new Alzheimer’s treatment. The Financial Times reported that the European Union would charge

Meta Platforms

with breaking its digital rules; Reuters said French officials would hit

Nvidia

with antitrust violations.

Deals

Boeing agreed to buy

Spirit AeroSystems

for $4.7 billion in stock plus debt.

Airbus

acquired

Spirit

units that made components for its planes for $1, receiving $559 million in compensation…

BlackRock

will buy data provider Preqin for $3.2 billion…The Wall Street Journal reported that Skydance Media reached a preliminary agreement to buy Shari Redstone’s National Amusements for $1.75 billion and merge with

Paramount Global
.

..Saks Fifth Avenue parent HBC agreed to buy Neiman Marcus for $2.65 billion.

Amazon.com

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took a minority stake.

Next Week

Tuesday 7/9

Federal Reserve Chairman Jerome Powell will testify before the Senate Committee on Banking, Housing, and Urban Affairs on Tuesday, as part of his Semiannual Monetary Policy Report to Congress. He will appear before the House Financial Services Committee on Wednesday for his second day of testimony. Powell may describe how policymakers are considering recent inflation and jobs data.

Thursday 7/11

The Bureau of Labor Statistics publishes the consumer price index for June. The consensus estimate calls for a 0.1% increase during the month, after the index was unchanged in May. The year-over-year increase is forecast to dip to 3.1%, two-tenths of a percentage point less than in May. That was a welcome reading for those rooting for interest-rate cuts in 2024. The Fed has a 2% annual inflation target.

Friday 7/12

It will be the very early innings of second-quarter earnings season, with several large U.S. banks reporting.

Bank of New York Mellon
,

Citigroup
,

JPMorgan Chase
,

and

Wells Fargo

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will all release quarterly results. The consensus estimate among Wall Street analysts calls for S&P 500 earnings per share to be up 8.8% in the period.

The Numbers

$453

The futures price per thousand feet of lumber this past Monday, down 27% since mid-March.

35.1%

The percentage of the average wage going into housing costs in the second quarter, highest since 2007.

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40%

Increase since last year of China’s air-freight prices. The reason: Chinese retailers Shein and Temu.

3 M

Number of air travelers passing through TSA airport screenings on June 23, a record high.

Write to Robert Teitelman at bob.teitelman@dowjones.com



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