Material not displaying textures

For some reason when I create a new material, the textures are not displaying in the preview or on the assigned mesh. Any help is very much appreciated.
This is my current situation:

UPDATE:
So the material DOES display on the model. Just not in the material preview.

Hey @Rising_Fox!

Do you have the real-time update ticked? That should be in the settings there in the viewport.

Honestly I’m more confused about your surface there being black. Is Unreal currently compiling shaders?

Hey @Mind-Brain ,

Thanks for responding.
Real time is ticked and I am not compiling shaders just now.
UE5_Material_Fail_RTon