Bank of Japan Keeps Rates Steady, Shanghai Disney Opens to Public
The Bank of Japan held off on raising interest rates despite weak inflation. That caused the yen to spike and the Nikkai to drop 3%. The yield on the 10 year U.S. Treasury has fallen back below 1.6%. Viacom's (VIA) - Get Report controlling shareholder Sumner Redstone says he no longer has confidence in the company's CEO. The Wall Street Journal says Redstone doesn't trust the company's board of directors or its Chairman and Chief Executive Phillipe Dauman. Redstone says the board and Dauman are ignoring his wishes and he doesn't think the board or the company is acting in the best interest of shareholders. Shanghai Disney (DIS) - Get Report opened today in what has been a tragic week for the company. Reports from China say the wait to get into the theme park was 2.5 hours long. Disney's 3 day celebration in Shanghai caps 5 years of construction with a budget of $5.5 billion. But a shooting at an Orlando, Florida nightclub and an alligator attack on a toddler at a Disney property are overshadowing the events.









