Disney earnings smashing expectations. With disneyland closedend movie theaters dark, can streaming make up for more bosses ahead . Peloton has been the pandemic diving with a new campaign in a partnership with beyonce. And waitvaccine news times. We will talk about it all later this hour. Amid spiking cases today. The s p 500 sank as new york y prepares for the possibility of closing at schools while chicago issued an advisory, urging residents to avoid leaving home except for work and other essential activities. Abigail doolittle has been following it all. How . Does this impact the markets . Abigail it was a bearish day at the end of the day as investors some of the news around the virus. It is clear it is surging in the u. S. Before we talk markets, a lot of movement after hours. Some of those movers you were talking about. Disney is surging. A blowout quarter. Like so much, it is a story of the haves and the havenots. Media was up 11 . Theou were indicating, studio is down 52 and
Theaters dark, can streaming make up for more losses ahead . Peloton has been the pandemic diving with a new campaign in a darling with a new campaign in a partnership with beyonce. Still plummeting on positive vaccine news and bikes have long wait times. We will talk about it all later this hour. U. S. Stocks slumping amid spiking coronavirus cases. The s p 500 sank as new york city, the early epicenter of the pandemic in the u. S. Prepares , for the possibility of closing schools while chicago issued an advisory, urging residents to avoid leaving home except for work and other essential activities. Abigail doolittle has been following it all. How did this Impact Market moves today . Abigail it was a bearish day at the end of the day as investors took to heart some of the news around the virus. It is clear it is surging in the u. S. Before we talk markets, a lot of movement after hours. Some of those earnings movers you were talking about. Disney, this stock is surging. A blowout quar
Stocks are working on backtoback negative sessions on fresh concerns about the virus weighing on sentiment. Josh, i feel like the great debate its the reopen trade versus the reality of the virus trade. You have the country wants to get back to business and normal versus the fact that the virus is spiking in some very big and important states. Yeah. I think thats exactly the right way to explain it, scott i think theres a large group of stocks, things like airlines, retailers, we talk about this all the time they seem to be having the red light green light days and then theres the large market capitalization names that seems to be unfazed i think whats interesting now though its not just f. A. N. G. Stocks theres a wider group of stocks that seem to want to go up, almost no matter whats happening with that resurgent story. I think thats what most traders and what most active Market Participants are focused on. Look at name like spotify, this stock at an alltime high. Up 19 overthe last
Europe up more than 1 , benchmark yields relatively stable around 1. 29 futures point to a strong open as tax reform rolls through congress. We did get the meg amerger, cvs health is buying aetna it is the largest deal. Broadcom taking First Step Towards a hostile takeover of qualcomm 11 nominees to qualcomms board. Futures rallying after the Senate Tax Reform bill was passed Early Saturday Morning. Next up is conferencing the house and Senate Versions of that bill. Republicans expressing optimism, theyll get a final bill to the president s desk by christmas and a lot written over the weekend suggests theres more similarity than differences. I think where we were midday, the report that caused one the suspension of brian ross, and a belief that nothing could happen and the senate could fail, we got a classic tip down 350 points it turned out to be once again an amazing buy opportunity and now, a lot of analysts will be stuck raising numbers i say stuck because theres so much people who
Good morning. Thank you for having me. Great to have you with us straight to the Global Market picture. Comes off a flat week for most of the markets dow had four negative days in a row to end the week, ended flat given it had slight gains monday s p up friday. And nasdaq up a half percent friday 2 for the week. Underperforming sek ter was energy and health care, best performing sector up over 3. 5 . Best week for health care for this calendar year this morning, we are taking a lead around the rest of the world. We have seen gains around the world. Start with asia. Markets closing higher overnight. Hang seng and shanghai, strongest stocks up shy of 1 . Oil prices stronger, firmer overnight. Part of the reason we saw the lift in asia indonesia, singapore, malaysia, Philippines Closed for end of ramadan. Japanese up slightly, despite that takata bankruptcy it was expected. We know the trouble the company had. It was going to be delisted end of july. Still a shock to the market, and some