good wednesday morning welcome to squawk on the street, a live shot at the capitol as the house gavels in to vote on impeaching president trump for a second time. much more on that coming up. stock futures basically flat first we turn to david with breaks news. back to the corporate realm. we want to update people on the situation we ve been following closely, namely intel. we can tell you now according to people familiar with the situation that the intel ceo bob swan will be stepping down february 15th, in an announcement shortly and replaced by pat gelsinger, the ceo of vm wear and a former intel employee for many years, an engineer and we would expect perhaps an appointment that will be well received by the market i have called intel, and shared with them what i knew to be the case they had no comment. i would anticipate, however, that you could expect, given they weren t planning, they were planning on announcing this later today, it is my understanding that they will
vaccine. and we start out with breaking news on disney, putting distribution in the center part of its business. julia. that s right. disney s 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
the nasdaq up about four points. yields firmed up a little. you can see the 10-year, as equities came up, the 10-year 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, we ll hear from eli lily, blackstone, dominos. we ll see if dominos has the same type of positive numbers like chipolte. nobody eats at dominos intel is reporting after today s close. now, andrew. now. you were eager this better be good. you know, i m 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.
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 that s happened a lot recently the dow and the s&p 500 up for the last seven of the last eight sessions nasdaq on an eight-day winning streak and that s something that you re watching as we kind of rush into the holiday season here also look at what s happening in the treasury market. you ll 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 saudi-state run tv saying three other people were sentenced to prison over the killings and reports say tha
papering over divisions to present a united front to president trump. and derailing the deals. after the bidurs became public. ramy: some breaking news watching the bloomberg terminal with south korean unemployment coming in at 3.8% against the survey estimate a median of 3.9 percent. that 3.8 percent compares with the prior 3.8%, and if you hop into the bloomberg terminal with me, you can see how this stacks up over the past several years really. mostan see here, 3.7% recently, the 3.8% having a tick up, still a far cry from what we saw earlier this year or at the end of last year, so coming within this range that we have been bouncing back and forth along ever since the spring time, i suppose, of 2018, so again, south korean unemployment coming in at 3.8 percent. meantime, let s get a reminder of how stocks ended the session, and the s&p 500, we were hoping that we could get to a ninth straight day of gains. you can see right on the board that was not to be so. the s&p 500