Disney names Josh D’Amaro CEO, Dana Walden president and chief creative officer
James Gorman, Chairman of The Walt Disney Company Board of Directors stands with newly named CEO of The Walt Disney Company, Josh D’Amaro, newly named President and Chief Creative Officer of The Walt Disney Company Dana Walden and current CEO of The Walt Disney Company, Robert A. Iger. (Disney)
(NEW YORK) — The Walt Disney Company announced on Tuesday that Josh D’Amaro will become the company’s next CEO in March, replacing current chief executive Bob Iger when he steps down from the role this year. Dana Walden will become the company’s president and chief creative officer.
D’Amaro, chair of Disney’s experiences unit, oversees a global network of theme parks and hotel resorts. He also leads the company’s cruise ships and consumer products, among other initiatives. D’Amaro formally takes over the CEO role on March 18 at Disney’s upcoming annual meeting.
“Josh D’Amaro is an exceptional leader and the right person to become our next CEO,” Iger said in a statement on Tuesday.
“He has an instinctive appreciation of the Disney brand, and a deep understanding of what resonates with our audiences, paired with the rigor and attention to detail required to deliver some of our most ambitious projects. His ability to combine creativity with operational excellence is exemplary and I am thrilled for Josh and the company,” Iger added.
D’Amaro, 54, joined the company in 1998.
Walden is set to become the company’s president and chief creative officer, Disney said. Walden previously served as the head of Disney’s entertainment media, news and content businesses, including its streaming service.
Iger began his current tenure as CEO in 2022, after previously serving in the role from 2005 to 2020. He also served as chairman over that period. After stepping aside in 2020, Iger served as executive chairman and chairman of the board until 2021.
In a letter to shareholders in January, Disney Board Chairman James Gorman described management succession planning as a “top priority” for the company’s board of directors, according to a securities filing.
“Oversight of the process is led by our dedicated Succession Planning Committee, and all directors have actively participated in a rigorous and ongoing evaluation of potential successor candidates, including direct engagement, performance assessment and consideration of leadership capabilities aligned with the Company’s long-term strategy,” Gorman added.
US President Donald Trump speaks during a press conference at the White House, Washington, D.C., US on February 20, 2026. Kyle Mazza/Anadolu via Getty Images
(NEW YORK) — President Donald Trump rushed to enact new tariffs and vowed to preserve others after a recent Supreme Court ruling knocked out most of his levies.
Businesses and consumers now face a different set of tariffs, which amount to taxes paid by importers for goods shipped into the U.S. Oftentimes, importers pass along tariff-related costs to consumers, raising retail prices.
The nation’s overall tariff rate has dropped, meaning some products have gained relief from tariff-related price pressures, some analysts told ABC News. But levies remain in place for nearly all imported goods, including duties as high as 50%, hiking costs for some companies and shoppers, they added.
“In general, we’ve seen tariffs pushing up on prices. That won’t go away,” Jason Miller, a professor of supply chain management at Michigan State University, told ABC News.
The high court ruled on Friday that the International Emergency Economic Powers Act (IEPPA) does not authorize Trump to impose levies, nullifying 70% of Trump’s tariffs after they collected more than $140 billion through December, the Yale Budget Lab found.
During his State of the Union speech on Tuesday, Trump criticized the Supreme Court decision, describing at as a “very unfortunate ruling,” and asserting that he retains the ability to impose tariffs under “fully approved and tested alternative legal statutes.”
In a social media post on Monday, Trump affirmed what he said was his authority to issue tariffs, saying he does not need to consult Congress before erecting new trade levies.
Trump also reiterated his commitment to his policy approach, warning other countries that they may face a “much higher Tariff, and worse.”
A 10% global tariff took effect on Tuesday, marking the first duty enacted by Trump since the high court’s decision. Trump issued the levy under Section 122 of the Trade Act of 1974, which allows the president to hike tariffs for 150 days as means of addressing “large and serious” balance-of-payments deficits, or disparities between a country’s total payments in transactions with other nations and its total earnings. In order to extend the Section 122 tariffs beyond 150 days, Trump would need to secure congressional approval.
Senate Minority Leader Chuck Schumer, D-N.Y., said this week that Democrats would oppose an extension of Section 122 tariffs, which could deny Trump the 60 votes necessary to overcome a potential Senate filibuster.
Trump has vowed to hike the Section 122 tariff to 15%. As of Tuesday, however, the president had not issued an order formalizing that increase.
A 15% Section 122 tariff would result in price increases amounting to $800 in additional costs for an average U.S. household over the next 150 days, the Yale Budget Lab projected.
“That’s hundreds of dollars that you’re going to be paying as a result of these tariffs,” Raymond Robertson, professor for trade, economics and public policy at Texas A&M University, told ABC News.
Robertson noted the ultimate cost impact may be slightly lower than projected as consumers shift away from products that display noticeable tariff-induced price hikes. But, he added, tariff-impacted products will be all but impossible for shoppers to avoid.
“These tariffs are hitting across the board,” Robertson said.
The Trump administration also plans to maintain sector-specific tariffs imposed under Section 232 of the Trade Expansion Act of 1962 and conclude pending investigations that could authorize additional levies, U.S. Trade Representative Jamieson Greer said in a statement on Friday.
That statute permits the White House to levy tariffs on products of importance to national security. Under the law, the White House must await the result of an investigation undertaken by the Commerce Department before imposing a tariff.
Under Section 232, for instance, steel and aluminum face a 50% tariff, putting upward pressure on prices for tableware, motorcycles, canned goods and assorted children’s products, analysts previously told ABC News.
A 50% tariff also applies to some copper products, while 25% tariffs remain for cars and auto parts. Those levies exclude a host of goods compliant with the United States-Mexico-Canada Agreement, or USMCA, a free trade agreement.
To be sure, some products will experience a reduction of tariffs in the aftermath of the Supreme Court decision. Products from China, Brazil, Vietnam and India will likely gain notable tariff relief, since those nations faced significant tariffs under the legal authority that was struck down by the Supreme Court, Miller said.
Electronics and clothing are among the products that could benefit from softer tariffs.
If the Supreme Court had opted to uphold tariffs issued under IEPPA, the nation’s effective tariff rate would have remained at 16%, the Yale Budget Lab said. Taking into account Section 122 tariffs, the effective tariff rate now stands at 13.7%, the group said.
“The good news for consumers is there’s an overall decrease in tariff rates,” Miller said. “What creates a challenge is we don’t know exactly what the new landscape will look like.”
Photo of Wall Street (Matteo Colombo/Getty Images)
(NEW YORK) — Stocks slid on Monday morning in the first trading session since President Donald Trump announced a new 15% tariff on most imported goods, intensifying his effort to impose levies that were struck down by the Supreme Court.
The Dow Jones Industrial Average fell 90 points, or 0.1%, while the S&P 500 dropped 0.1%. The tech-heavy Nasdaq declined 0.1%.
Cryptocurrency prices tumbled in early trading on Monday. The price of bitcoin fell nearly 2%, putting it at about $66,075.
Gold prices jumped to their highest level in three weeks as investors sought the safe-heaven asset amid heightened uncertainty.
In a social media post on Monday, Trump reiterated his criticism of the Supreme Court.
The Supreme Court, Trump said, “accidentally and unwittingly gave me, as President of the United States, far more powers and strength than I had prior.”
Trump retains the power to levy a 15% tariff for up to 150 days under the Trade Act of 1974, which allows the president to address trade disparities with other countries.
Hours after the Supreme Court ruling on Friday, Trump said he would sign an executive order enacting a new 10% “global tariff,” invoking authority under Section 122. On Saturday, Trump escalated the tariff to 15%.
This is a developing story. Please check back for updates.
Traders work on the floor of the New York Stock Exchange, March 31, 2026 in New York City. (Spencer Platt/Getty Images)
(NEW YORK) — Stocks ticked lower in volatile trading on Thursday after President Donald Trump delivered a televised address vowing to hit Iran “extremely hard” over the coming weeks.
The Dow Jones Industrial Average fell 75 points, or 0.1%, after opening down by 600 points, while the S&P 500 dropped 0.06%. The tech-heavy Nasdaq declined 0.1%.
Each of the major indexes tumbled more than 1% in early trading, but they quickly recovered most of those losses.
The rollercoaster trading followed losses across Asian and European markets. Tokyo’s Nikkei 225 index slipped 2.3% and the pan-European STOXX 600 fell 0.6%.
Oil prices, meanwhile, surged as traders feared a persistent supply shortage amid the ongoing U.S.-Israeli war with Iran. U.S. oil prices climbed more than 10% on Thursday, registering about $111 a barrel.
Gasoline prices in the U.S. ticked up to $4.08 on average per gallon, marking a leap of $1.09 over the past month, AAA data showed.
Speaking at the White House on Wednesday, Trump voiced mixed messages about his plans for the Middle East conflict. He said Iran is no longer a threat to the U.S. and the war in Iran is “nearing completion.” However, he added, the U.S. plans to continue striking Iran over the next two or three weeks.
“We’re going to bring them back to the stone ages where they belong,” Trump said.
The trading volatility on Thursday interrupted an upswing for markets earlier in the week. On Tuesday, the Dow Jones Industrial Average soared more than 1,100 points, adding another 220 points on Wednesday as traders anticipated Trump may signal an off-ramp from the war in his evening remarks.
Since the war with Iran began on Feb. 28, Trump has issued conflicting signals about the expected duration of the war. On several occasions, stocks have climbed or fallen as markets weighed the implications of Trump’s comments.
The war prompted Iran’s effective closure of the Strait of Hormuz, a maritime trading route that facilitates the transport of about one-fifth of the global oil supply.
The vast majority of fuel delivered through the strait is bound for Asia, placing the heaviest pressure on energy supply in that continent. Since oil and gas are sold on a global market, however, the shortage has sent prices rising for just about everyone.
On Wednesday night, Trump urged other countries to take responsibility for reopening the strait.
“The countries of the world that do receive oil through the Hormuz Straight must take care of that passage,” Trump said. “We will be helpful, but they should take the lead in protecting the oil that they so desperately depend on.”
A potential U.S. exit from the war without ensuring that the strait is open could cast uncertainty over the path to a resumption of normal tanker traffic and a remedy for the current global oil shortage.
