Quarter. We are down 1. 4 on the s p. Weve got a big show coming your way well speak with the ceo of hologic which says its new coronavirus test could help increase the countrys Testing Capacity and a massive afternoon of earnings. Apple, amazon, gilead, visa and whirlpool. And an exclusive interviiew when i will pools ceo. Michael tracking the market on this final day of the month. Courtney has a strategy update for macys and julia is watching big moves for media stocks mike, start us off with the market down day, but big up month and a big five or six weeks since the market low take a look at the s p this is a twoyear this was a 35 drop on intraday basis. To yesterdays high, it was a 35 rally off that lower level so very sink niehaus in that way. I also point out that right around here, 3005, people are talking about how its gained more than 60 of the overall point losses that has some significance its kind of a may period. Seasonals get weaker and yesterday was kind of a big headlin
Results. Julia ba Julia Boorstin is in los angeles and very volatile in the afterhours session. Melissa, great to have you back netflix adding 15. 7 million subscribers and thats about double what analysts expected. The company also forecasting the addition of 7. 5 million subscribers in the Second Quarter and thats more than 3 million more than analyst predictions for that Ceo Reed Hastings saying there are three main effects of coronavirus. In addition to subscriber growth temporarily accelerating due to home confinement and he says that International Revenue will be lower than previous forecast due to the dollars sharp rise and he also says due to production shutdowns and spending on contact will be delayed. Hastings also expects viewing to decline and subscriber growths it decelerate as home confinement ends and as for the impact of netflix does expect some delays and they do expect secondquarter content to be modestly impacted. Since we have a Large Library with thousands of title
Former Lieutenant Governor Kathleen Kennedy were last seen struggling in a canoe on chesapeake bay. The final honor for nba legend kobe bryant. The Los Angeles Laker icon is a member of the Basketball Hall of fame. Those are some of our top stories on this monday, april 6th. We do begin this half hour with that grim outlook from the u. S. Surgeon general warning of the hardest and saddest days ahead. As the u. S. Death toll from the coronavirus nears 10,000, President Trump is repeatedly touting a drug used for treating malaria and other diseases. But doctors say there is not enough evidence to show that hydroxychloroquine can effectively combat the virus. This week every new york City Hospital is expected to be at or filled to capacity as the state appears to be close to hitting the peak. Theyre also expecting to hit the apex in detroit where a Convention Center has been converted to a Field Hospital for patients with covid19. A hopeful sign from washington state, sending back 400 ven
The aftermarket session. We do stand at 14. 12 a barrel. That, though, does certainly not erase the rout oil has seen since the coronavirus stopped Global Commerce in its tracks. But Charles Payne would tell you, where theres a losing investment there is always a winning investment. The supertankers that carry the black gold are seeing smooth sailing as Oil Producers look to the high seas to store the massive crude glut. The ceo of publicly traded International Seaways has 13 huge supertankers. Wait until you hear how much that company is now charging to store oil on the open ocean. Its a fox business exclusive. An interesting investment, you have to hear about. Interesting and timely. Restaurants are also searching for new ways to move the food, as their dining rooms remain closed. We will talk exclusively with the ceo of superhot design your own salad chain jump salad on how hes making a dramatic shift to a new market for you. And this might put a smile on your face. The company that
Shutdowns until at least may 15th we have a great lineup today. In just a few moments, well speak with Patrick Harker about what will take to get the economy back on its feet and later, Alexis Ohanian will join us hell talk about his investment in a company thats help iing Small Businesses navigate the loan process, which is one of the issues lets focus in on the stories we are watching in this final hour of trade wilfred of course covering the bank earnings. Morgan stanley the latest. Meg has new details on testing but well begin with breaking news out of washington where President Trump is expected to meet this hour Via Teleconference with governors. What are we expecting here that conerer sags is about to get underway where President Trump is going to share with the nations governors what the white house and its medical team have arrived at as far as the guidelines for reopening the economy. The Daily White House briefing is going to take place at 6 00 p. M. And what President Trump