MORNING BUSINESS REPORT: Closing costs in CT, Bud sales dip, Disney+ Hulu merger

business report Disney is planning to merge Disney Plus in Hulu into a single streaming app by the end of the year. And what are the closing costs to purchase a home right here in Connecticut? Channel 3's Jane King is live at the Nastac with these stories for us. Good morning Jane. Hi, what are the call? Good morning. So closing costs and connect it are on the high side compared to other states. Business Insider says it costs on average $4,100 to close in the state without taxes. Now with taxes that telegraphs up to $8,800 closing costs of course a major expense to consider when you're buying a house.

The closing costs can add significantly to the amount you need to buy a home and that expense is separate from the down payment. Well the Bud Light controversy appears to be far from over and it's spreading to parent company and Heiserbush and Bev's other brands. HSBC Bank downgraded the company saying it may not be getting the brand culture right as it employed a transgender activist to promote Bud Light. Now nationwide retail sales of the brand were down 23% compared to a year ago. That's going to bump Williams consulting and Nielsen IQ data. Well Disney is losing billions on its streaming service so it's undergoing a rethink. CEO Bob Iger says it will be combining Disney Plus and Hulu into one platform including programming from both by the end of the year.

It will also raise the price of the ad free plan which currently costs $10.99 a month and stocks closed mixed yesterday inflation for April at the consumer level was less than expected. We get producer inflation today and ahead of that number we're a little bit higher. Life in the Nasdaq market site I'm Jane King back to you.