Amazon partners with an old text stalwart. That is blackberry. How they plan to revolutionize tech. Those stories in a moment. The u. S. Stocks posting another record high amid news of new stimulus talks. They are progressing with a plan to pass by the weekend. Abigail doolittle has more on that. Also, i know you have been following the latest Earnings Results out of snowflake. Shares down after hours a bit. This is a big test for them after their blockbuster debut. Abigail it is. Lots of big movers relative to earnings after hours come snowflake being one of them. With snowflake, what you are referencing is that huge ipo, biggest ipo of the year back in september. This is their First Quarter as a publicly traded company, so they are finding out what it is about to these shares are absolutely plunging in the after hours, down 19 . This is an Application Software company, up just 37 year to date. They have struggled a little bit, and in this quarter they posted a wider loss than expecte
We are watching the hang seng index. Australias market is only higher by 0. 3 . But we had this news that china will allow australias cargo to come ashore. Lets have a look at stocks. Clearing exchanges in focus. The u. S. Approved legislation that could lead to chinese firms getting kicked off american exchanges. Also getting a call from sidney. Tak is down 1. 4 . ,his big surging iron or holding at a record. In recent weeks, weve seen pickup of state owned enterprise default in china that have jolted the credit markets and rattled investors. One company in the spotlight is ever grand, which has accumulated the biggest debt in global real estate. We are joined by Stephen Engle in hong kong. In ournt to bring distinguished guest, the ceo and cofounder of sc lowy in hong kong. A bank and manager that specializes in distressed and highyield debt. Good to see you. You spoke to bloomberg about a month ago and you did talk about ever grand. We know that they have taken steps to increase or
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
Now, is that right . David over the past 15 years, one of the most successful ceos in the world has been bob iger. He led disney to its greatest heights, increasing the market value by 400 . He did that through acquisitions of 21st century fox, lucasfilm, pixar, and Marvel Entertainment. Now the question what is he going to do next . During the time that you were the ceo, the stock market value of the company went up about 450 and the market capitalization about 400 during time year period of my big regret is that i didnt back you and buy stock, but you must be very pleased with what you accomplished. Bob proud would probably be the right word to use. I inherited a company that was renowned and had been quite successful, but had also gone through a period of difficulty. There was a lot of work to do. My goal was to not only improve the company, but to ultimately leave the company in great hands for my successor. David you werent as successful in leaving the company, because you wanted
Administration. President trump still refusing to concede but suffering more devastating defeats in court over the weekend, admonished by a judge he appointed, and the lifelong republican who ran Election Security for his administration now calling his claims of a rigged election farcical. Also, president elect biden suffering a fracture in his foot. How it happened. Major storm on the move. The big travel alert as millions head home after thanksgiving. Plus, the tornado threat from North Carolina to new jersey. Ginger is tracking the latest, and where you might see snow soon. Hanging on. A missing boater finally found clinging to life. The latest on the amazing rescue this morning. Fiery escape. The formula one driver walking away from this explosive crash. Slamming into a metal barrier. His car splitting in two. What he says saved his life. And game over . The socalled grinch bots stealing christmas, buying up some of the hottest items of the year and selling them at nearly double th