Lyrics, hi, im Elizabeth Macdonald and the state of the union is not happy and majority of voters say President Biden took the u. S. In the wrong direction and even adam schiff is now saying that. The president , what hes going to do is a reset. Edward lawrence is live at the white house with more. Edward. Reporter yeah, there might be a political tint to it tonight. We know that prices are up 18 since President Joe Biden came into office. The president is back to blaming companies for inflation now, and the president also tonight, we will not hear him use the word inflation. Its like lord voldemort and he created 14 million hell say and the truth is the economy added back all the jobs from the pandemic and created 5. 4 million and the former clinton adviser here says the president needs to go beyond jobs tonight. In the past, americans were typically focused mostly on the jobs report and the unemployment rate, but with good employment numbers, the real thing that has people ticked off
Red after bopping when bob iger said he is confident Disney Streaming offerings refer profitable by the end of the year. Target shares jumping but still some areas of concern. Were going to discuss that coming up. But lets start with todays declines in the broader markets. Mike santoli joining us from the new york stock exchange. Mike, a day like this kind of expected after the rally that weve seen . For sure, court. In fact, maybe multiple days like this just because the s p 500 managed about a 25 gain off the october low. We have only had two down weeks in 4. 5 months. All those things suggest theres room for relatively routine backing up of the indexes. What is going on below the surface is a fit full rotation happening. The big winners in the nasdaq 100 in tech have been giving back some of those outsized gains youve been mentioning. You still have a 50 50 updown split on the new york stock exchange. Its not like everything is for sale. The s p 500 is back to levels we first got to
Of the far left thats upset about the response to palestine. Thats Rashida Tlaib and more. Theyre not going to vote for trump in november so theyll stay home then. American people expect a level of transparency is what was really said behind closed doors with President Biden. Unless the public really pushes the city council to amend the law if not outright appeal them, the mayor is up the creek without a paddle. People working for the federal government receiving taxpayer salaries will be basically lining up democratic voters. Im not surprised by this. Stuart what is this song . I like the rhythm and momentum. Its 11 00 eastern time. Wednesday, february 28. What kind of accent was that . Stuart not a very good one. Thats why youre laughing obviously. Check the markets please and the dow is only now 60 points and its only down 58. A lot worse earlier. Show me big tech, please. Its been a mixed picture earlier and now. Microsoft is the only winner. Amazon, alphabet, apple on the downside
Guidance plus media moves warner bros. Discovery missing airbnb shares are also falling ahead of the opening the company sees robust demand for travel, but its guidance disappoints investors. The ceo will join us in a few minutes. Lets begin with a few momentum names today, including one of the beneficiaries of the a. I. Boom, and thats arm holdings, down sharply as guidance comes in below consensus. But shares of the chip designer still up 90 from the september ipo price of 51 a share revenue up 47 licensing up 60. Yeah, look, i think that rene haas will be able to tell a good story, that there was really one question on the Conference Call by a goldman analyst whos very, very good, which knocked the stock down, which explained the dow is a 70 sequential problem when it comes to the some of the royalty arrangements they were basically saying, david, that it was internet of things and automotive. That is not unusual. That is what everyone has been saying, like on semi has been saying t
Buying yields in oil are lower roadmap begins with disney better than expected with streaming numbers nearly breaking even. Shares, as you just heard, under pressure. Plus elon musk reups his ai warnings saying it will over time biological intelligence speaking of ai, ill be joined by the man sam altman calls his secret weapon at open ai as well as former treasury secretary steve mnuchin. That will be over the next couple hours carl all right lets begin with disney, guys. Lower in the premarket got the raised guidance. Narrowly overall streaming losses to about 18 million. Disney plus and hulu with a surprise profit. Box office sales did see a decline in the period, jim as julia just pointed out, although parks and experiences up ten, some moderation, and post covid travel. When you go over the arpu, the average revenue per user for streaming, its quite good india the amount of money they were making on the indian sub is quite different would i go into this train wreck and buy it here