Investors are hoping for a rebound after all three major indices closed lower Tuesday. The consumer price index and Disney earnings are two key reports. There are also a couple of Fed officials on the schedule Wednesday, both of whom could provide more clues about how the central bank is thinking about inflation.

The Bureau of Labor Statistics prints its consumer price index report for July. Economists expect CPI to show a 0.2% increase, down from June's 1.3% growth. The year-over-year figure is projected to show 8.7% growth, versus the 9.1% yearly increase in June.

Elon Musk sold nearly $6.9 billion in Tesla stock between Friday and Tuesday. In April, he said he didn't plan any further share sales. He's gotten himself into a court fight with Twitter over his decision to back out of his $44 billion deal to buy the social network.

Disney is expected to report about 10 million adds in the previous quarter. CEO Bob Chapek has all but staked his job on whether Disney can hit between 230 million and 260 million subscribers by the end of 2024. Where the actual number lands could define how the rest of the media industry interprets the health of streaming.

Sweetgreen is laying off 5% of its workforce and moving its offices to a smaller building. Warner Bros. is also in the process of reworking its HBO Max service. The company's stock is down more than 20% from its November high of $56 a share.
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