Good wednesday morning welcome to squawk alley. Im Caro Quintanilla with jon fortt. Deirdre is with us for the hour. Nasdaq is trying to come back after a couple of days of losses as we turn our attention once again to covid levels in the United States. Were going to start the hour, though, with alibaba, a big drop for the stock despite these new sales records on this singles day. Hi, eunice hey, carl live streamers in china are wrapping up whats been a very long day pitching to Chinese Consumers and it seems as though the efforts have paid off. For alibaba, the value of the orders that crossed the site have just come in at just shy of a 500 billion, about 75 billion u. S. Dollars these numbers cap an extended 11day campaign thats a little different this time around not the usual 24hour singles day shopping extravaganza. There were some interesting trends that we saw that were generally pandemic related, where consumers were looking to buy goods that they probably would be buying if th
Not a word of antifa and he took no questions at all. The president leaves the white house at 10 00 oclock hour, he may take questions. Companies giving us financial drama. Look at this, zoom, lockdown winners, huge increase in profit and the stock up to the races. 120 bucks. Walmart, two developments there. Deal for tic tac may tiktok fairly soon and delivery soon with amazon. Watch the stock go 2 and a half per can he be the. The dow looks like its going to be down today, the s p slight move at the opening bell and the nasdaq, although tech stocks doing very well again, the nasdaq up 70 points premarket. Big day, Varney Company is about to begin. The best stock market dow in 36 years and its very interesting, so people are very happy with their 401ks and stocks that they have and thats a tremendous achievement best in 36 years. Stuart yeah, a lot of bad performance. The president talking about the economic recovery, nasdaq closed at another record high. More on all of this a little b
To germany seize the stocks of a high profile trial of a man accused of targeting a synagogue in the city of holland and killing 2 passers by. And what happens when you cant even pretend to get up close and personal find out how the Film Industry is adapting to the coronavirus. Welcome to the Program European leaders have sealed the deal on president and 750000000000. 00 Euro Coronavirus Recovery Fund after 4 days of often heated talks and leaders finally agreed the details of loans and grants to be given to countries hardest hit by the pandemic of this 750 a 1000000390 will be in the form of grants from. Waiting 360000000000 will be in the form of cheap loans its a compromise that satisfies the demands of the more fiscally conservative member countries good morning everyone and we did it europe is strong europe is united level for these were the words the delegates have been working towards a deal has been done and the wrangling can stop everyone can go home some kind of when our reli
A not accused of targeting a similar called in the city and killing 2 classified. British lawmakers criticizes the government for failing to investigate russian meddling in u. K. Politics a long awaited report calls for immediate action to tackle the threat. Im phil welcome to the Program European leaders of seal the deal on an unprecedented 750000000000 Euro Coronavirus Recovery Fund after 4 days of often heated talks and leaders finally agreed on the details of loans and grants to be given to countries hardest hit by the pandemic of the 750000000000 total 390000000000 will be in the form of grants to the remaining 368 will be available as cheap loans. Its a compromise that satisfies the demands of the more fiscally conservative member countries good morning everyone we did it europe is strong europe is united level for these were the words the delegates have been working towards a deal has been done and the wrangling can stop everyone can go home some kind of when. Relief was visible
Saving in terms of production and marketing costs. Of course, the question is sort of how that impacts the question next year when we start to see them ramp up the production again or even second half of this year. But to your point, mike, about digital, i think what really is driving this stock higher today is not just the fact that disney plus is doing so well, hitting 60 million subscribers, four years ahead of the goal of hitting between 60 and 90 million subs so really far better than expected in terms of disney plus but also the fact that the company is really doubling down on digital theyre committing to build another digital streaming service, internationally, also talking about this mulan strategy, offering mulan at 30. Really interesting to see the company push even further in that direction this at a time when the parks are struggling lets take a closer look at the park segment, taking a 3. 5 billion hit due to the coronavirus. Joining us now to discuss that is former design