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
The nasdaq up about four points. Yields firmed up a little. You can see the 10year, as equities came up, the 10year about 0. 624 all of this as Energy Prices got stronger the june contract up about 13 now trading at 15. 68. Hard to believe that is a strong level. 15 a barrel is pretty strong for oil when they were paying people to take it from them earlier this week. Time for the squawk planner is it . It is yours, joe. Getting to closely watched jobless numbers. More than 4. 3 million americans are expected to have filed for jobless claims that number rose on the earnings front, well hear from eli lily, blackstone, dominos. Well see if dominos has the same type of positive numbers like chipolte. Nobody eats at dominos intel is reporting after todays close. Now, andrew. Now. You were eager this better be good. You know, im just doing the update on the pandemic numbers as we do every morning it is not good it is not good global cases have risen to 2. 6 million. U. S. Cases 842,000 with
Has been the trend we have been watching for quite some time future indicated 44 points by the dow. S p futures by 3. 5 this comes after we saw all three of the major averages sitting at new highs again on friday thats happened a lot recently the dow and the s p 500 up for the last seven of the last eight sessions nasdaq on an eightday winning streak and thats something that youre watching as we kind of rush into the Holiday Season here also look at whats happening in the treasury market. Youll see that right now the ten year looks like it is yielding 1. 91 just below 2 for the ten year we have some news breaking just literally in the past hour now. Report saudi arabia sentencing five people to death for the killing of Washington Post columnist jamal khashoggi, he was murdered of course in that saudi consulate in istanbul just last year by a team of saudi agents saudistate run tv saying three other people were sentenced to prison over the killings and reports say that the investigation
Worst kind of behavior from iran. Generally it wont prevent all of their bad behavior. When it comes to the tough sell we welcome the scrutiny and even skepticism of everybody across the country and across the world as they consider this agreement. We continue to be confident, upon looking at the details once they have been released that we will be able to make a strong case about how the president havent just achieved his goal but how the International Community has achieved the important goal of preventing them from obtaining a nuclear weapon. When it comes to a tough sell i think the part will be on the part of the republicans as they try to take the deal. It will be a tough sell to say we should back away from an international agreement. Why should we throw away the best possible avenue for preventing iran from obtaining nuclear weapons. That will be a tough sell to suggest we should undermine the sanctions that have been put in place thus far. It will be a tough a tough sell to sa
Backing of the hispanic voters. And this is kevlar 452b. Its a planet that looks like ice. Theyre excited. The jam packed edition of Varney Company is about to begin. John Russell Houser killed two others Pat A Lafayette Movie Theater and then killed himself. Here is lafayettes police chief last hour. The vehicle had a switched license tag on it. It was parked right outside an exit door of the theater. It is apparent that he was intent on shooting and then escaping. Stuart john Russell Houser had a previous criminal record, but had not been in trouble recently. No motive known as of yet. Lets get to the market. Look, oh look at Amazon Opening at a new record. Oh. Ashley thats 100. Stuart thats 100. Amazon is making money, revenue is up the amount of money coming in. Over 20 over the last year. Come in ashley give us the numbers. Ashley a blowout of the estimates stuart. Second quarter profit 23. 18,. 18, thats billion. Sales of cloud computing. Its picked up 81 year every year. Stuart