Company, a maker of health and Beauty Products recently bought by procter gamble. Iman abuzeid, founder and ceo of incredible health, a hiring platform for nurses. Chris bennett, the founder and ceo of a preschool and childcare network, wonderschool. Kin, thephanie lam founder and ceo of blendor, a maker of software that helps Companies Manage and fight bias. Thank you all for taking the time to do this. I am so happy to have you all here. Thanks for having us. Glad to be here. Emily obviously its been an emotional last few months and i want to know, how have you been experiencing the latest momentum behind the black lives Matter Movement . Tristan the thing i like to tell our people is in moments like this, three things are critical. First, a forceful acknowledgment of the trauma we are all facing, whether it be emotional or physical, over these last 400 years, frankly. Second, the idea of modeling the way. Really being in line with the values we have and picking a side. That is somet
The election conversation right now. Speaker pelosi calling the house back into session for urgent action, she says, on the matter. So urgent they are not coming back until later this week. Meanwhile, the market shrugging off any possible chaos from the election. The s p, in fact, could hit an alltime high today. Goldman sachs is raising its forecast on the s p to 3600 by years end. Its also a big week for retail as well. Several Big Companies reporting profits starting with walmart and home depot tomorrow. Lots to talk about. Im Ashley Webster. Yes, stuart is back tomorrow. Varney company is about to begin. Its been run horribly and were going to make it good. Now, what am i supposed to do, let it continue to run badly so if you fix it they say oh, hes tampering with the election. Were not tampering. This is a con game by pelosi and schumer. Look, the post office, theres 25 billion sitting there but they really want 1 trillion to bail out their badly run states. Ashley yeah, that was
Infections. Reported more than 200 deaths today. In the markets, we turn our attention to trading volume. It was pretty light but finished up. Momentum has been fading as we near record highs. On any indication of a new Coronavirus Relief plan coming from the white house. On the day, two words sum up today, summer friday. Slow with low volume. The major averages barely moving. In the middle of the day, there was some volatility. At the end of the day, the s p 500 down just fractionally. Bit. Aang index down just a we saw a little bit of weakness in biotech. That is one of the only indexes down for the week. Beneath the surface, it is not quite as dull. Lets highlight two of the big earnings movers. Semicap Equipment Company quarterly Beat Estimates and raised the outlook. They make the equipment that makes chips which suggest there is demand coming from the chips companies and the companies that use chips which is probably every company out there. That might be a longer healthy tell on
Disney shares moving after hours. Obviously, it has been a tough quarter for theme parks. Many theme parks still not reopened around the world. The ones that are open have limited capacity. Missing estimates on new streaming subscribers for the disney plus service but estimates but subscribers still coming in huge. Abigail doolittle has been following the market overs. Disney and activision as well. What are the theme this you are pulling out here . Abigail the bulls are just out. Nasdaq 100 for the on tech strength. Bonds slightly higher as well. That points to the uncertain d, will a deal get done . Down into this quarter about 20 year on the year. They just reported what some are calling a doomsday quarter. However, it is not as bad as feared. A big piece of it, those subscriber and streaming numbers. A modest miss, but right in the ballpark. Million more than 100 streaming subscribers. The fact that it is less bad, you have that stock up. A good quarteron but not quite enough. The
How well it weathered the shock of the coronavirus. A blowout performance in fixed income trading beating all but one of the large wall street banks. The cfo does not see an economic recovery anytime soon, though. There is a pickup in activity. It is stronger in some. Said, you should look at the whole world. Level,it is back to the we dont think that will happen until 2022. Nejra lets get more detail on those numbers from bnp paribas. That trading we are talking about, it surged 154 , trailing only Morgan Stanley out of wall street banks. It was a blowout performance of b. N. P. Paribas in fixed income trading. It allows the lender to move past embarrassing losses from equity derivatives at the start of the year. Basically what bnp paribas has said about that jump in fixed trading, it said volumes were driven by governments and corporations selling that to deal with the Coronavirus Crisis as well as Foreign Exchange and commodities, hedging by clients. Those results more than offset w