Vaccine. And we start out with breaking news on disney, putting distribution in the center part of its business. Julia. Thats right. Disneys reorganizing its Media Entertainment business to accelerate its direct to consumer strategy. It says this is in light of the success of disney plus the move divides content and creation and content distribution, creating a new median entertainment distribution group, this group will be responsible for monetizing all content including ad sales and digital platforms liking disney plus the new division will also oversover see operations of the streaming service. I would not characterize it as a response to covid i might say that covid accelerated the rate at which we made this transition, but this transition was going to happen anyway because essentially what we want to do is separate out the folks who make our wonderful content based on tremendous franchises from the Decision Making in terms of where the prioritization is in terms of how it gets com
The sonoma side. More evacuations are being forced, and homes are being damaged and destroyed on the outskirts of santa rosa along highway 12. In the mast hour, we received an update from cal fire, and Sonoma County officials. Again, they say the fire has tripled in size to more than 36,000 acres, and there is still zero containment at this hour. The cal fire said theyre hope of that the winds are dying down. More than 68,000 people have now been evacuated in the path of this fire in Sonoma County. Another 11,000 evacuated in napa county. Crews made a stand to defend homes at Annadel State Park. The fire did make it to oakmont and into annadel early this morning, but there was a valiant firefight by our local firefighters and our cal firefighters here on the east side of santa rosa to save as many hopes as they could, and the statement i heard is theyve saved far more than they lost. We also learned within the last hour from Sonoma County sheriffs officials that a 17 yearold boy has be
0. 719 andrew and we have numbers to bring you this morning from United Health group just out with its quarterly numbers. Reporting Quarterly Earnings of 3. 51 per share. It beat the consensus estimate of 3. 09 revenue also above forecasts, saying that medical care trends that had been disrupted by the pandemic are moving closer to normal you are looking at that stock up just marginally this morning and we have three more financials, bank of america this hour, Goldman Sachs in the 7 00 hour and then wells fargo in the 8 00 hour. Joe. Thankthanks, andrew. Another Clinical Trial halted over safety concerns, eli lilly late stage trial has been paused by u. S. Health regulation tors it used a Health Sample from one the first patients recovered from coronavirus ill given you more details. Because it leaves out something important. Of the trials ongoing of the antibody, they decided to add remdesivir along with the antibody and that is when they had to halt the trial for some kind of safety
Upping its offer for an aid package to 1. 8 trillion, President Trump tweeting go big a positive development on the covid treatment. Gileads treatment helps infected people recover five days faster than average and tech stocks are outperforming as a massive deal is in the work the week capping it off with a bang. Absolutely. The russell 2000 is up 6. 4 for the week the dow is currently positive for the year as a whole, just. Lets get to the stimulus news in washington and the reaction to it. Bob basketball has a look inside the market rally ylan moi, and Dana Peterson from the Conference Board bob, lets start with you on this very nice end to a strong week. Good news and bad news, will. Good news is, s p is up about 3 on the month the bad news is i am seeing a little bit of an inversion of the stimulus play today. Thats concerning if you are a believer in stimulus remember the stimulus play, bicyclicals materials and banks and industry and energy and go light on technology. That was wo
Hearing. Futures this morning look like this, markets fractionally moving this morning, they are in the red on fears of a new coronavirus wave. Dow industrials down 17, nasdaq down 23 and s p 500 not too far from where it closed yesterday, down just about 2 points. Despite positive talks on a new round of stimulus. It is he departure from yesterday, markets were boosted by energy, technology and financials. This morning, we are seeing reversal after four weeks straight of losses, the dow industrials yesterday were up 410 points, nasdaq up 203 and s p higher by 53. California wildfires turned deadly as more than 50,000 people are forced to evacuate their homes and wine country has been ravaged by the flames. We will take you there live. And hitting the brakes, the epa questions californias new plan to ban gas powered cars by 2035. Why it may not be legal at all. Plus, a skeleton of fun, this gigantic halloween decoration making the buzz this morning. Wait until you hear the price tag. M