Power Breakfast: Disney Shares Sink Nearly 9% After The Company Reports Streaming Subscriber Losses

The US market closed flat for the second day in a row. Dow slipped 220 points, falling for the fourth day in a row. Disney's stock fell nearly 9% after losing 4 million customers from the streaming service. PacWest shares fell 22% last week due to a 9.5% drop in the bank's deposits. Janet Yellen, CEO of JP Morgan warned on the debt limit - Delay in increasing the debt limit will spread fear in the market. Tesla's stock jumped in the post-market after the announcement of Musk's resignation. Bank of England raised rates by 0.25%.