Drivers. The company is seeing a 60 drop in parks and Consumer Products revenue. A 62 dip in studio revenue. The numbers are backward looking. Challenges remain in the here and now. You have surging covid cases. Today, we saw the chicago shut down. Cruise returning early. Joe the scene that is a lot of things going on. Lots of good term lots of things going on. The shortterm, losing money on lots of struggling aspects. You see some of the details. Media networks gaining 11 . Studio entertainment plunging. No one is making or going out to the movies. Parks experiences only down 61 should the director of consumer and International Gaming romaine absolutely a microcosm of the economy. Will be interesting to see as they pushed deeper into the streaming space, how they leverage that to go back to the toys, the parts and those things they used to use. Joe joining us with more insight is a Bloomberg Intelligence media analyst. How disneyking about is the microcosm for the whole economy. All o
Liz let me be clear, hes right, the fed moves the markets. Stocks thank you, charles are stinking, are sinking think kind of are stinking [laughter] as big tech selling of apple, amazon, facebook offsets j js vaccine, theyre not able to lift up this market. The dow looking at its fourth losing day in five. We are down 465 points, low of the session down 475 or so, so were just about there. S p is losing 66, the nasdaq hitting a new correction low, down 291 points. The nations top pandemic fighters from the fda to the cdc and more testifying on capitol hill just one day after american depths from the coronavirus deaths from the coronavirus trooped 200,000 topped 200,000. Well take you to d. C. For all the drama. Meanwhile, one tech company that helps americans get cheaper Prescription Drugs making its debut on wall street just hours ago. The coceo of good rx is here for his instant to his stocks day one pop and what he can promise, he says, without any help from washington d. C. And a p
Weve seen the dow and triple gains. S p in positive territory too. Down 22 points, s p futures are off by four. Yesterday was a good day for the markets. You had the nasdaq wed been watching closely was a big outperformer gain of 293 points the first day out of the last four both the nasdaq and s p have been in positive territory. Those three days before that give you something to worry about . Futures had been higher. Down a lot but come off the highs in the session looking at the treasury market where the 10year stands right now. Just below 0. 7 . Oil prices which really fluctuated and sold off sharply. This morning are down again. Wti off 1. 5 andrew thanks, becky a couple big stories to talk about. The senate set to vote on that slimmed down relief bill today talks between the white house and House Democrats and a report that President Trump may step in with more executive actions to try and fill the gap if something doesnt get done joe . There are other places in the world too. We
Later today. They are slated to have their first inperson party if you well to introduce themselves to the world. They will say they represent the change america needs. Were following that. Also going to follow the senators journey from washington to wilmington, delaware to, meet up with the top of the ticket right now. This as polls show that ticket is doing well. As stuart told you, raising a good deal of dough. That is normally immediate aftereffect much when either party sees the ticket completed or running mate ultimately chosen. Were also looking at schools planning reopenings across the country but theyre off to a bumpy start. In texas, one superintendent saying he is very, very concerned about the pressure for those who want school opened in person and those who are concerned. Well be talking to the dallas superintendent momentarily. Also getting latest read on the Hard Rock International doing everything he can to make sure he complies not only in florida but other states keep
Hold on. This is a tease. Stealing the thunder already this thats right, we are going to talk about this in just a moment anybody still on radio has to wait a second. Take a look at the futures this hour dow futures down about 170, s p off by 2 and nasdaq down by 81. Yesterday, nasdaq down about 1 . Crude oil prices, lets check that quickly we had been watching that contract build up. The july contract build up to just over 34 yesterday. Lets call it even at 32. Then there is the treasury market weve been watching youll see the 10year note has been yielding 0. 64 . A little pressure there too. Take away. With that tease, it feems like months now, weve had really big guests and corporations a big interview at 8 00 a. M. Eastern. Well talk all things economy with former Vice President joe biden about the pandemic, the race for the white house and so much more. Well do that at 8 00 a. M. Live with him a big interview to look forward to on this friday. Tgif i know all the days roll togethe