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
The coronavirus marches on with u. S. Remaining in focus. Aussie prepares to meet with melbourne again under lockdown. The Health Care Sector sees his biggest deal this year. Siemens will pay more than 16 24 premium from fridays close. Shery lets get you a check of how markets are trading. We are seeing u. S. Futures addingng gains up. 1 , to that rally we saw on friday. Have seen the s p 500 rising for the fourth consecutive month. More positive sentiment over potential virus relief packages being released in the u. S. Not to mention the surge in tech shares. We had the nasdaq composite outperforming with Solid Earnings from tech giants. Apple, now the worlds most company valuable overtaking saudi aramco after posting other than expected results. Posting betterthanexpected results. See negativeo economic numbers out of the u. S. With secondquarter gdp seeing its sharpest contraction on record. Rating switching from negative to stable. Oil was under a little bit of pressure because of
Strongly in the green on the day. Small caps up more than 3 on the day. The nasdaq composite yesterday erased all its losses for the year. Now up about 1. 7 on the year. Gainers today, energy, industrial, and materials. Basis, energy, tech, and a couple discretionary names here. We saw a pretty dramatic move on the short end of the u. S. Treasury curve. Traders still pricing in the prospect that we could hit negative rates in the u. S. It will be interesting to see if that materializes and what that would mean. Scarlet and just a followup on what you were pointing out with regards to the different sector performers, energy, the best performer for the week. Week for the major u. S. Indexes. And the russell 2000 also doing better than good compared to its largecap peers. Lets bring back gabriella santos. One thing we should mention with energy stocks, weve seen oil prices now put together two weeks of gains. We havent seen that since february. Do you think weve seen the worst in oil, and
And no refunds. Hotels and airlines might be refunding trips, but many airbnb customers may be out of luck. We have the details. We begin with the volatile state of the markets and the Global Economy as the coronavirus outbreak widens. Italy went into a nationwide lockdown, u. S. Virus cases spiked, and the dow the market plunged. The Dow Jones Industrial complex entered a bear market wednesday, the s p tumbling into bear market territory thursday after President Trump took to the airwaves, announcing a ban on travel from europe. Pres. Trump to keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days. The new rules will go into effect friday at midnight. Emily in tech, the forecast on how much Companies Like apple, amazon, google, and facebook would lose in a downturn, and uber and lyft shares fell on the reality that customers are sheltering in place. I asked Wedbush Securities dan ives for his take on the volatili
An interview with the impossible foods cfo on plans to enter china despite the spread of the coronavirus. The Global Smartphone market has been slowing down for some time. The coronavirus will only make it worse. According to ibc, smartphone shipments will drop 2. 3 to around 1. 3 billion units. Bloombergs paul allen and emily chang spoke with the privacy ibc president on wednesday. We have a number of analysts looking at this. We would say that the tightest component the ingredient in this is the people. People are not fully back to work. With think the manufacturers in china are mainly 30, 35 of capacity. They are slowly starting to ramp back up. That is good news. China also has been a place where many components are manufactured. From that standpoint, what we have now is we believe the tightest components will be pc Circuit Boards and screens. That would fit with the story we saw today, that if you are having trouble with replacement parts, what is one of the biggest parts . It is