Good morning. On Fortune’s radar today:
- Exclusive: Disney is no longer the king of the theme park world .
- Kalshi valuation could be $42 billion .
- We got our hands on Meta’s new AI-powered smart glasses and wristband .
- AI hyperscalers have roughly one more year to start showing ROI.
- Markets: Global bond selloff forces stock markets into the red.
- The U.S.’s most important job market data is usually wrong.
- The civil war inside Dolly Parton’s estate .