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Disney's Expedition Everest at its Walt Disney Resort. Photo: Getty Images
Disney's "Avengers: Endgame" ruled the box office this weekend, torching all-time single-day, weekend and per-screen records on its way to well over $1 billion in global ticket sales. It was just the latest victory for Disney, which has had the No. 1 grossing movie every year since 2012 and been the top grossing studio since 2016.
The big picture: Disney is on pace to take a 29.1% share of box office receipts, the largest percentage on record, according to data from Nash Information Services.
Why it matters to the market: Disney's stock has risen by around 30% so far this year, driven by a 10% gain after unveiling details of its new $6.99 per month Disney+ streaming service.
Investors have so far not soured on Netflix because of Disney's run, however it's clear they view it as a threat.
Flashback: Shares jumped 2% last year after the release of "Avengers: Infinity War" delivered $630 million at the box office, a little more than half of the take for "Endgame."
What's next? Disney's box office cash grab may just be getting started. This year also will see the release of "Toy Story 4," "Frozen 2," "Spiderman: Far From Home," "Aladdin," "The Lion King" and "Star Wars: The Rise of Skywalker" to name just a few.
This year Disney is projected to take the highest share of the U.S. box office since at least 1995, grabbing close to one-third of all receipts. The last time Disney didn't have the highest share of the box office was 2015 when Universal netted 22%.
IT companies are again on pace to spend the most on stock buybacks this year, as the total looks set to pass 2018's $1.085 trillion record total.
Between the lines: The amount of spending on buybacks announced by companies in the IT sector has fallen significantly this year as other industries, particularly energy and industrials, have picked up the slack. Companies in those sectors have about doubled their percentage of announced buybacks.
Interestingly, buyback spending has not coincided with market performance for most sectors.
Spain held its third election since 2015 over the weekend with the country's Socialist party declared the winners. Left-leaning allies also secured victories, but Socialist leader Pedro Sanchez still looks to be a few seats short of the needed majority to form a ruling coalition.
The far-right, anti-immigration and euroskeptic Vox party also won its first seats in Parliament, but not enough votes to help form a governing right-wing coalition.
The intrigue: The election came on the heels of recent data showing Spain's unemployment rate, long bottom of the barrel in developed Europe, had posted its biggest quarter-on-quarter increase in 6 years. Economists had actually projected Spain's unemployment rate would fall, but it rose to 14.7%.
The bottom line: The pickup in Spain's unemployment rate and growing divisions in its parliament could signal more problems for the euro zone, which is already full of them.
A 2-year study of Uber drivers in Washington, D.C. found that Uber's payment system is so difficult to understand that 100% of participants had trouble figuring out how much they were actually earning.
One female driver even calculated that she was making less than $5 an hour after expenses.
Why it matters: The study could put more pressure on Uber to release more detailed data on how it pays drivers and put it in the cross-hairs of legislators.
The report's overall findings were limited to its 40-driver, one-city sample size, but because Uber doesn't provide detailed data on what its drivers earn it is one of the clearest examples of how the company operates. (The FTC fined Uber $20 million in 2017 for exaggerating how much drivers could earn.)
The study's main conclusions: