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
Thank you so much for joining us. The fire happened on Commonwealth Avenue in the citys Laurel Heights neighborhood. Jr stone is there, live, with more on this developing story. Jr. Well, ama, the damage inside this Community Center building is extensive. And you can see it, all around me. Charred black, all around me. And that includes on the ground, where you see this wood that is just burned out and lying there. And its not just this front entryway, but you look in this front room, as well. This is a front room that fire tore through. You would think a lot of people, they dont like the armenians, and somehow, through their hate, this is the way they take their revenge. Now, this is what the damage looks like the building next to the st. Gregory armenian church. This isnt the church but its the Community Center building, that also had Church Offices in it. Pastor says he was told, by crews, that is, fire crews, that someone set this place on fire, in three different locations. Possib
Hard to make anything of any positions being taken into the weekend, were something good or bad can end up happening. Time for todays market moving news from brussels, as well as our new york teams. Europe, approving a shortterm deal. Ombergs part two bloomberg spoke to germany z for president to spoke to germanys you for germanys ifo president. If things shut down again because there is a second wave, that is catastrophic for them, so that is something that needs to be avoided. Maria tadeo joins us now. Maria european leaders met yesterday. They came up with a shortterm aid package, but the question is what we are going to do over the long term. Get any clarity yesterday. That is being reflected in the Market Action today. Any specifics on the amounts. Theres suggested that it could be one trillion euro up to 1. 5 trillion euro. Some argue this should be done through transfers. The countries that are on the weakest right now would say they want to see the bulk of it being done in tran
Good Tuesday Morning i am Carl Quintanilla with Morgan Brennan at post nine of the new york stock exchange. Jon fortt is in los angeles at the adobe max conference his sit down is a few moments away with Shantanu Narayen we start with uber shares down, despite the beat as losses for the quarter top a billion. Guys, good to see you. Dan, how much is this downward trajectory in price driven by model complexity relative to competitors . It is a small piece here, no doubt this is a black eye quarter for dara and uber, missing ridesharing metrics. You combine that with what theyre spending on eats, thats the one, two punch sending the stock down, could be an avalanche with lock up expiration. Do you buy the target of adjusted profitability by 2021 i do. I think it is not as much stretch as it would appear to be you look at the core ride share business, they came out with segment margins this quarter, 22 , a four percentage point improvement from a year ago. If they continue on that pace of
All were doing enough to prevent attacks from on degree the u. S. Releases its annual report on global terrorism naming eisel and iran as a persistent threat and its warning of emerging challenges so whats all the solutions this is inside story. And welcome to the program im the star of the attack a new threats are emerging in the socalled global war on terror thats the warning from the u. S. State department as it released its latest country reports on terrorism the analysis looks at efforts in the u. S. And around the wild to combat armed groups and their ideologies the release coincides with the death last week of i still found i would back out baghdadi in a u. S. Military raid in syria but eisel remains a threat the armed group says it killed at least 53. 00 soldiers and a civilian in mali on friday and one of the deadliest attacks on the mahdi in minute tree lets take a look at the Main Findings of this report the worlds worst state sponsor of terrorism remains iran according to t