Has forced disney to slash its plans for a global Theatrical Release viewers and much of the world will only be able to watch the film on the disney plus streaming platform if you know so i am blessed to adore id. Like milan who picks up the sword to save her family disney is trying to save its investment in a state streaming fini in addition to subscription fees is meant to help offset the companys gigantic losses. Disney is still putting some hopes on movie theaters in china muslims red carpet premiere back in march came as the country was the 1st to shut it cinemas. Now china will be one of the few countries to see milan on the big screen. Now even though movie theaters are opening again in many countries a lot of festivals are going to streaming that includes this years locarno Film Festival which kicks off this week not in locarno switzerland but online because of the realities of the global. Demick the festival has also dramatically changed its rules for filmmakers. At the carnal
Because we have a possible Missile Launch and Hurricane Irma. Taylor all of my eyes are on people in florida. Not a lot of movement here. I would look at the nasdaq in particular, you are seeing quite a few games,. 4 . I would imagine that is more followup yesterday, comcast 150,002nywhere from 200,000 people cutting the cord. Major sectors in the nasdaq, the Energy Sector bringing down the nasdaq. I want to look at oil. Look at this screen. Oil down more than 3 , starting to see that capacity come back online as you are reducing the pressure on demand. That is bringing some of those prices down. Range resources down 10 as a Goldman Sachs analyst downgraded that stock. We are also looking at some of the insurance and banking theirs. Im looking at insurance because it looks to be bouncing back a little bit worried if there is any good news coming out of Hurricane Irma, it was downgraded to a category four versus a category five. That means wind is 150 miles per hour. Perhaps if there is
Welcome to power lunch, everybody, and it is a far, far, far cry from where we were 30 years ago on this day. The dow is pulling back today after smashing through 23,000 with a big gain yesterday. But remember 20 years ago, down 23 . Today down about 23 points, Something Like that. Apple and Goldman Sachs leading the dow a little bit lower more on those stocks coming up adobe shares today soaring after reporting strong earnings. Better than expected guidance. Analysts also liking liking the companys Artificial Intelligence platform. Thank you as tiler said, the markets lower across the board but not close to what we saw 30 years ago today when the Dow Jones Industrial average fell. A look back on black monday. And i guess, bob, to put it in context, a 508point drop, which today seems like not much. The equivalent drop today would be 5,200 points. Simply staggering. Thats right. The dow dropped 508 points, brian, 22. 6 , the biggest oneday decline in the history of the stock market. On
Higher growth areas . We have got some breaking economic numbers on the housing market. Julie hyman is at the markets desk with more. Julie existing home sales rebounding last month. We got numbers for the month before that were disappointing but now we have a climb of 5. 1 month over month to 5. 3 3 million on an annualized basis. It compares with februarys 5. 0 7 million. The median forecast, 5. 2 8 million. A larger rebound than had been anticipated and does exhibit some resilience in a u. S. Housing market especially going into the spring selling season. 3hat number coming in at 5. 3 million, an increase of 5. 1 month over month. The existing home sales number does not tend to have a big impact on stocks. At much appears to be having big impact on the overall direction we are seeing today. The dow and s p, little change. Nasdaq doing a little better. Any increase means we are at new highs for the year above 2100 as we have been watching for the s p 500. Above 18,000 for the down. A
Create its own weather. You get a lot of hot air. It has to go somewhere, that air is going to be rising, and eventually it does have to come back down, and its going to create downdrafts. It is very steep terrain, as we mentioned. And the brush is so, so bone dry as many of us know with this drought in effect. This is going to be a firefight that could go on for a couple days in here to napa county. We sure hope they get containment of it. But right now conditions are not on their side when it comes to temperature and humidity. 90 degrees. Humidity values in the 20 range. As we heard from firefighters, this is dry enough to spread the fire across the brush like lighting a piece of paper on fire. Thats how quick it spreads to these trees. No major fire windstorm in effect but that is the good news. The humidity is going to make it difficult. The other thing is the wind. Check out these wind values. On the north side the wind is coming out of the northeast. On the Southern Side of the f