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
Worsen, suspending imports of australian coal. Disney jumping a late trade on a management shakeup and a focus on streaming through a newmedia unit. We hear from the ceo. Check of howget a the markets are trading. We are seeing u. S. Futures coming online pretty much flat. We saw u. S. Stocks climbing to an almost sixweek high we had a rally. The s p 500 gaining ground. We also had financials pretty strong, gaining more than 1 ahead of earnings season. Jp morgan and citigroup reporting tomorrow. It was really about this years trade that really led the rally. The nasdaq composite gaining more than 2. 5 . Amazon soaring ahead of its prime day. Apple also jumping. The product unveiling but its price target was raised by rbc Capital Markets. Take a look at what oil is doing, reversing some of those losses it saw during the u. S. Session when it fell below 40 a barrel. Gulf operations restarting after hurricane delta. Sourcesention, libya saying we could see output there doubling within 10
The Political Panel weighs in on that plus a new poll showing a real conundrum for voters in the story that blew me away, we will introduce you to a 15yearold business owner, a 15yearold business owner. All that and so much more on making money. Charles washington spending trillions of dollars again to help the economy, a lot of the economy has already come worrying back and in the process the rich have gotten even richer, everyone else seems to get more better and moreover blaming capitalism saying it did not curve the debt and come up with solution needed in the age of coronavirus. Affords headline says capitalism is failing us just when we need it most. In ap news headline, from the pope, marking capitalism has failed and pandemics means reform. Many of the critics of capitalism have never been fans but the jobs disappearing in 2020 is giving them a much bigger soapbox, is capitalism fading and how does the narrative change, lets ask a champion of capitalism, steve moore, they are c
Finalizing a blank check operation around the frenzy. Haidi trying to take that winning streak into a seventh straight session. Retrading pretty optimistically. We are seeing gains about. 25 when it comes out the gate. The aussie dollar trading on the back. We are seeing gains for almost two weeks straight now ahead of the federal election. At kiwi dollar is sitting 37. We are seeing almost no change through the open. Have nikkei futures not doing much at the moment. Is at a oneweek high the u. S. Dollar dollar. 15 on year. E than from those that we saw in session. Operations restarting. Speak, theng, as we morning training trading has been lead due to the storm. We are talking about the Tropical Storm being upgraded to a storm signal eight. Options have been delayed. They will make a further later, but there will be no morning a warning isuch lowered. Dominating across the markets. Lets turn to tom mackenzie. We have been talking about trade tensions when it comes to australia. Haidi
Becky is off today. Looking in the green nasdaq to open about 78 points higher and looking to open higher as well also 22 points higher. Also treasury yields youll look at the 10year note at. 681. We have a lot going on today on the data front, details come at 8 30 eastern. Breaking news overnight. The House Transportation Committee issuing the final report on the 737 max list the failures that led boeing to design and the faa to approve the software that contributed to two crashes. Around the Safety System called mcas accusing boeing of concealing the information. Including concealing the existence of mcas from its pilots boeing says it learned many hard lessons as a company from the accidents and from the mistakes we have made as this report recognizes, we have made many changes to our company. They expect to get 737 max back in the air in the Fourth Quarter. Congress is expecting legislation to review the safety reviews of new plane models. Reporting that there was no singular mista