A lot to get to and discuss, everybody. Right now, though, a quick check on the markets because theyre higher across the board. The bottom right of the screen and come off the highs, the dow above 27,000 for the First Time Since june 10th on an intraday basis. S p 500 less than 5 from its alltime highs up nearly 50 from the march lows. 28 members of that index hitting a new 52week or alltime high and a cramer favorite stock, mccormick. The nasdaq is negative again there is a lot to discuss. Joe, we are off the highs. You can address that but also this the vaccines plural getting all the attention as they should. It only concerns, you know, all of humanity. But did Goldman Sachs numbers have anything to do with the earlier market strength . I think most of the early gains that we witnessed this morning you can credit to the vaccine optimism i do think, brian, that the Strong Performance from financials in the last couple of days, whether it be jpmorgan or a Goldman Sachs this morning, t
Anything new its been at least eight months anything new going on with you . How is life, is it a little busier than before, any change whatsoever we need to know about . Less sleep, but, i mean busier. Not boozier busier i think all our lives have been boozier. But im so happy for you it must be great i told you that all along. It is the greatest thing i dont know if people know what were talking about, but how old are the babies seven months old. That is still hard. A boy and girl. Still hard. Wow still tough and you are in it deep. All right. But we digress yeah, they are upstairs crying you look like youre far away i am hoping that they will crawl into a shot at some point. But ive seen pictures and they are so cute. We could have some Photo Bombing going on later in the program. Maybe later lets show everybody u. S. Equity futures at this hour, we do have some red across the board. It looks like the dow futures would be off a little over 1 right now. Similar story well, nasdaq off
That really made an impression on markets in europe. Lets look at how we are faring in the United States because we are down here, too, though not by as much. The 10 year yield at 65 basis points. Crude oil has erased any gains at saw after the drawdown in inventories earlier. 5. 42now trading hunting a barrel for wti it is now trading at 25. 42 a barrel for wti. Fed chair jay powell speaking this morning to adam posen of the Peterson Institute in washington, d. C. He pushed back against the idea of negative Interest Rates in the United States. He urged monetary and fiscal policy makers to rise to the challenge in order to avoid unprecedented downside risk. Chair powell while the economic response has been timely and appropriately large, it may not be the final chapter given that the path ahead is both highly uncertain and subject to significant downside risks. Economic forecasts are uncertain at the best of times, and today the virus raises a new set of questions. Vonnie for more, we
Julia . Thats right. Disney cfo christine mckarther announced disney will be sustaining the dividend which will preserve 1. 6 billion in cash and this comes as the Company Announces that covid19 cost disney 1. 4 billion to its bottom line in the quarter and that includes a hit to advertising, movie delays and think, most of all, the closure of disneys parks. The disney parks alone had an operating income loss of 1 billion in the quarter due to covid driving a 58 drop in operating income now heres what the new ceo says about the plan that he Just Announced to reopen disney shanghai on may 11th take a listen. The approach we take may include implementation of density control measures as well as health and prevention procedures that comply with state and federal guidelines we are seeing encouraging signs of a gradual return for some semblance of normalcy in china the company talking about how before it began to close its domestic parks in midmarch they had been seeing an increase in both
San joseni 42. But look v the north bay andxd liver morn,ninr 34 degrees andn patchy frostcoco in the inland valley. Sunshine top watch, the north bay asni wenin approach niconrlunchtime tonini thr nifuturecast, around 2 00, county mighdr see a briefnrn h o isolated showernrconi otherwise 50s to near < inni san jose. Sonr despite the chillynrni sta nightw3nr finish to thecoo[5a uarjuahpd thatnicoconr allimp 49ersn w homo game forecast f next saturday. Were getting closer to that too. Well have a looknr in aboutni firstco playoffni game at le. Cant wait for thatco forecast. This morning tensionsni remn attacknrni at a kenyan airfield. Itnini happenedq atco manda bayo airfield, a bapunr where u. S. n forces providenifco trainingc counterterrorism support to east africa an partners. Americ;qcnini troops were part al shabaab claimsco responsibily butzv nbc thuz has not confirm that claim. T u before that, hundreds of protestsconrhtgok place acrossn killing of iransninrnini top gi