TheStreet’s J.D. Durkin brings you the biggest news of the day, including what economic data is on tap for this week and a disappointing opening weekend for “The Marvels.”
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00:00 I'm JD Durkin reporting from the New York Stock Exchange and here's a look at what we
00:03 are watching on the street today.
00:05 Stocks are kicking off the week on a lower note after Moody's Investor Service lowered
00:09 the U.S. credit rating to negative from stable.
00:13 Moody's attributed the downgrade to the U.S. debt as well as political gridlock in Washington.
00:18 Later on this week, investors will be watching for a host of economic data.
00:22 October inflation data will be released Tuesday.
00:25 And on Wednesday, we will get a clearer picture of consumer spending with the release of retail
00:29 sales data.
00:31 Turning our attention now to the big screen with a $47 million opening weekend haul.
00:36 The latest installment in the Marvel Cinematic Universe, The Marvels, had the worst opening
00:41 weekend for any MCU film, which totaled 33.
00:46 The movie also brought in just over $63 million in ticket sales internationally.
00:51 For a bit of comparison, the prequel, Captain Marvel, saw over $150 million in domestic
00:57 box office sales during its opening weekend back in 2019.
01:02 The previous low for an MCU film debut was The Incredible Hulk way back in 2008.
01:08 That film brought in just $55.4 million its first weekend.
01:12 And while a $47 million opening weekend is hardly considered subpar, it does pale in
01:17 comparison to the MCU's best opening, 2019's Avengers Endgame, which ranked in over $357
01:25 million during the three-day slate.
01:28 Disney, which owns the MCU, has said it would begin to dial back its Marvel content.
01:33 That will do it for your daily briefing.
01:34 From the floor of the New York Stock Exchange, I'm J.D. Durkin with The Street.
01:38 Thanks for watching.
01:39 Have a great day.
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