We start with the worlds biggest Entertainment Company because after a tough 18 Months Walt Disney is bouncing back from the pandemic. It made revenues of 17 Billion Dollars in the three months tojune up 45 per cent on this time last year and more than Wall Street was expecting. Its Streaming Service Disney now has 116 Million subscribers. And visitors are returning to its Theme Parks as restrictions are eased. But will it last . The bbc s Michelle Fleury has more from new york. The worlds largest Entertainment Company Walt Disney is riding high after it reported total revenues of 17 Billion. The Ceo Bob Chapek says he is pleased with the Companys Trajectory even as he acknowledge the ongoing challenges of the pandemic. Much of the excitement was over disney , its Streaming Service which has thrived during the pandemic as the company lost money from the Cinema Box Office as well as its Theme Parks and resorts and cruises. In the last three months, disney added over 12 Million new subsc
saying about why it s pulling this project? reporter: well, jake, i received a memo from a disney spokesperson today written by the disney chairman of parks experiences and products, josh demaro, not naming desantis. but i do want to read you part of that statement because they give this reason. given the considerable changes that have occurred since the announcement of this project including new leadership and changing business conditions, we have decided not to move forward with the construction of the campus. this was not an easy decision to make but i believe it is the right one. so there were already some of these 2,000 people who already started to move to florida. they said that they would work individually case by case for their options including the option of moving back here to southern california, where those employees will remain in burbank in the los angeles area. you used the word mousetrap. that is actually also the terminology used by the trump campaign on
ahead on cnn newsroom, ukrainian president volodymyr zelenskyy will attend the g-7 talks in person. we ll go live to hiroshima and london for the latest. congress and the white house could be close to a deal to avert a default on the united states debt, but will there be a cost for democrats? disney cancels plans for a $1 billion campus in florida but makes no mention if this is related to the house mouse s ongoing spat with governor ron desantis, as he is expected to make a big announcement of his own. live from cnn center, this is cnn newsroom with paula newton. so it is 4 p.m. in hiroshima, japan, where the annual g-7 summit is now underway. soon they add a special guest, ukrainian about the volodymyr zelenskyy. he s due to attend the gathering after first stopping in saudi arabia to attend today s arab league summit according to cnn sources. that meeting will also be significant. already ukraine is top of mind in japan. the uk and european union have announced new
governor intensifying and apparently costing the state thousands of jobs just days af before the republican is ex expecting to announce his campaign. welcome to our viewers in the united states and around the world. i m wolf blitzer. you re in the situation room. we begin with a new u.s. message about the war in ukraine. a significant development as president biden is out there on the world stage right now and in a potentially very pivotal moment in the conflict. phil mattingly is with the president at the summit in japan. kn nic robertson is in eastern ukraine. phil, as the president prepares for this summit, the biden administration is signaling a major shift on ukraine. what can you tell us? yeah, wolf, it would be a significant development. the president is just a few hours away from starting the first day at the g-7 summit here meeting with leaders. leaders that have been integral to the steadfast support of ukraine since russia s invasion oaf the course f the year
if you have just joined if you havejustjoined us it is time for the top business stories. we start here in the uk where in the next few hours the bank of england is widely expected to raise the cost of borrowing for the twelfth time in a row. the quarter percent rise most economists are predicting would take the bank s main interest rate to 4.5% the highest it has been in almost 15 years. the big question though will it be enough to start to get inflation, which is still running at more than 10% a year, under control? let s speak to katharine neiss she has held various roles at the bank of england and is now chief european economist at p gim fixed income. good to have you on the programme. iassume good to have you on the programme. i assume you are with the majority believe we are looking at a rate hike today of another 25 basis points. today of another 25 basis oints. . , today of another 25 basis oints. . , ., , points. that s right, that s the consensus p