When it begins lets elook at what is driving the numbers today. Millions of americans remain out of work. Could that weakness pressure lawmakers to reach a stimulus deal we will see. Negotiations are under way as we speak. The dow up some 200 points or so two thirds of a percentage with 59 minutes left in the trading week kayla. Wilf, it is great to see you on this friday afternoon coming up on the show, door dash and airbnb ipos to come next week and a big test for appetite of some names in growth tech speaking of high growth, scott cutler, we will get his take on the e competition in apparel and sneakers mike santoli has the market covered. Ylan moi is tracking the latest movements on a stimulus deal and we will dig about sboo the jobs report with Dana Peterson. Mike first to you. What are you seeing behind the charts. Almost all news translated to good news for the market in this current mood that investors are in if you look at a fiveyear chart. Decided to broaden it out here more
Arizona for biden. Dow is up 191. Were going to start with disney though and a surge for shares this morning following the strong earnings last night and that enormous pop for disney plus subs. Julia boorstin is going to break that down for us hey, julia carl, disney plus accrued 73 Million Subscribers. The companys 120 million paid Digital Subscribers are a bright spot the company says suspension of the next semiannual dividend is in part to priority the direct to consumer initiatives. Its very clear what the new content has subscribers. I think youll see continued increase in investment and then that will fuel some of the growth that christine will talk about at the Investor Conference that we expect on december 10th. The company says theyre reassured by booking trends that cruise ship bookings for next year are very strong pushing to open disneys closed california parks, he called californias restrictions arbitrary. Were very encouraged by the prospect of a potential vaccine. Were e
Hello i look back to the france 24 newsroom. I am thomas waterhouse. The second american Drugs Company offers a fresh glimmer of hope with moderna saying its covid19 vaccine is 95 effective. The is trying to secure doses for the u. K. Who are already placing an owner. Order. Also, talking Recovery Plan. Frances zero minister is confident a solution can be found following the vetoes from the eastern Member States. And the u. S. President elect has on the bones of his economic vision. Joe biden says a new covid19 stimulus package needs to be quickly put together but he is also calling for a raise in the National Minimum wage. We will have more in our business update. It has been described by americans leading expert on Infectious Diseases as the light at the end of the tunnel. In the second time in recent days, the u. S. Drugs company has come forward to say that its experimental covid19 vaccine has been massively successful. Earlier this monday, moved during moderna inc. Says its trial
From the president for being inaccurate or misleading. While twitter makes it impossible to retweet the flagged post, trump posts on facebook are being spread. We will get to that and more this hour. Meantime, in the last halfhour, we got word that michigan has gone to former Vice President joe biden according to cnn and nbc and at this point, if he wins nevada and holds arizona, where some boats are still being counted, he will win the president ial election, but there are legal challenges a foot. President Trumps Campaign threatening to sue over vote counts. Michigan says it is declaring victory in pennsylvania where votes are still being counted, but first, i want to talk about the market which kicked off one of the biggest postelection rallies in history. Its best day since june. The nasdaq had its best day in months. With so much uncertainty, why are the markets outperforming . Abigail it is pretty incredible because it does not make sense on an intuitive level initially. Investor
Stock, for chips, for 5g and lot more then there is prime day. What about emerging alternatives to amazon this Holiday Season . Well talk about that straight ahead, john. Yeah. Carl, i cant emphasize enough how important the iphone is not just for apple, maybe even not for apple as much as for the industry overall the carriers really need somebody to sell 5g which has not been built out as quickly as they promised. Then the components inside the iphone open possibilities for App Developers they put money in the pockets of chip makers. There is a lot, a lot riding on this, carl of course, jon. Lets turn to josh lipton. So, carl, what do we think tim cook is going to unveil exactly tomorrow the team Morgan Stanley says anticipate four new devices including, they say, a 6. 7 inch iphone 12 pro max. That will be the largest iphone display ever complete are 5g connectivity. Faster data speeds for tasks like streaming games and movies. Apples latest and greatest a14 chip and longer battery l