We are going mostly down. Trump has used his executive powers to ban investments in companies that are associated to the Chinese Military. Lets look at some other asset classes. Dollar index unchanged. The euro, which has been under the caution with the dollar. Crude, just dropping below 40 bucks a barrel. We have the surprise stockpile gain in the u. S. Gold price moving up as well. Goldman sachs saying they are bullish on not just gold but also copper. Lets move to what is happening first word news was. We get over to new york and joined karina mitchell. Karina the chances of a new stimulus package in the u. S. Are receiving with the white house saying sources tell us gop leaders will not lead any of the talks. Mitch mcconnell has been more distant from a democrat proposals, reducing the chances of a new deal. The Federal Reserve is again warning fiscal stimulus is required to support the u. S. Economy as potential vaccines may not end the economic fallout from the coronavirus. Chair
Drivers. The company is seeing a 60 drop in parks and Consumer Products revenue. A 62 dip in studio revenue. The numbers are backward looking. Challenges remain in the here and now. You have surging covid cases. Today, we saw the chicago shut down. Cruise returning early. Joe the scene that is a lot of things going on. Lots of good term lots of things going on. The shortterm, losing money on lots of struggling aspects. You see some of the details. Media networks gaining 11 . Studio entertainment plunging. No one is making or going out to the movies. Parks experiences only down 61 should the director of consumer and International Gaming romaine absolutely a microcosm of the economy. Will be interesting to see as they pushed deeper into the streaming space, how they leverage that to go back to the toys, the parts and those things they used to use. Joe joining us with more insight is a Bloomberg Intelligence media analyst. How disneyking about is the microcosm for the whole economy. All o
Its also an area of the country thats been back on rack in terms of economic rebound. Right. I remember seeing the pictures of the lockdown, it was easing and going into apple stores. One of the times of normality. See the stock selling off a little bit, down 3 but obviously in the grand this of things for year and in the context of how well this company is operating right now, really bad. Oo too bad here. 73 cents versus 70 and total came in at enue 50. 15 billion slightly estimates. Nevertheless, interesting reaction in the market, joe. Apple e on this and in particular lets bring in Bloomberg Intelligence enior analyst for semiconductors and tech hardware, thank you for joining us. Ere all looking at the headlines at the same time but so far based on what youve seen what stands out . Mean, look, this is an okay quarter. Im more interested in what will ber commentary on the iphone 12. We had pretty strong follow through into the calendar, even 1q. We have pretty robust expectations f
Justice kavanaugh expressed sympathy for mr. Trump plus that votes received after election day would be taken by fraud. Turkey is threatening to military operations in northern syria. The kurdish militants are not clear from areas along its border with syria. Erdogan saidident a russian airstrike that targeted turkey backed Syrian Rebels shows moscow is not looking for lasting peace in the region. His comment conveys after an airstrike that killed dozens of foreign fighters. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. I am mark crumpton, this is bloomberg. 1 00 in new york, 5 00 london, 1 00 a. M. Hong kong. Here are top stories we are following. Equities as the s p 500 tumbles around 3 . Headed to its worst day in almost two months. Rising coronavirus cases tough and lockdowns, adding to worries. Toogh there may not be much rude about, bruce think is going to make ago. Insurance platf
Drawing some questions about that data and how reliable it can be. To the upside, spotify closing up about 8. 4 . That company signing an exclusive deal with joe rogan, one of the more popular podcasters, a deal that could be worth more than 100 million this year. Scarlet pretty incredible deal for mr. Rogan. This incredible reversal we saw in late trading, almost three stocks down for everyone that is higher on the new york stock exchange. Of the 11 industries on the s p 500, all 11 are down. On the dow, only three gainers. The market turned pretty quickly from what was looking like an extension of yesterdays rally. Reportinggoing to be this week. Walmart and home depot, for the most part, showed they are getting a little bit of a boost from their status as a businesses. It is interesting to see how the shift in consumer buying patterns have been reflect in the sales. Also point should out, outside of equities, we did see Wti Crude Oil moving higher. Mind, when we went from that may t