The dow industrials this wednesday morning are going to go up about 170 odd points at the opening bell. S p, modest gain. A fractional loss, though, for the nasdaq which is at the 11,000 level. Stocks overall getting help from the virus relief talks. Mitch mcconnell talking compromise. Senator schumer talking concessions from both sides. Theyre looking for a deal by the end of this week. My opinion, there is no way Congress Leaves Town friday without spending at least a trillion dollars. I think a deal is coming and the market likes it. Two stocks in the news and moving. Disney, up sharply despite losing 5 billion during the pandemic lockdown. Disney plus has 60. 5 million paid subscribers, 100 million overall and they are starting another streaming service next year. All of that helps. Disney is up seven. Novavax, their phase one trial showed their vaccine to be safe and created an immune response. That stock is way up, 30 bucks a share on the upside. All right. Something different. L
A short distance from the front lines of the countrys war with russian back separatists. Rushed clashes in serbia the country in turmoil over the pandemic public anger and drops over plans to reimpose a nation wide lockdown some say president bushs political ambitions possibly for a surge in new corona virus infections. Im told me a lot of all welcome the Prime Minister of i have a coast am i to go on clooney but he has died unexpectedly at the age of 61 conclude by he was also the ruling partys candidate for the president ial election coming up in october and his death raises questions about who will replace him in that race the cause of death has not yet been disclosed but gone clear but he had a heart transplant a. Years ago and had just received medical treatment in frogs. And its today did open your report in full but has told us what going by his death means for ivory coast its a big shock 5 recall suddenly because he was only in march so declared being the president ial candidat
It is healthy if we have cyclical sectors doing well. On the other hand, and on the idea we are recovering are going toward a reopening, if you have the stayathome stock such as the apples and amazons or some trades. Ther it will be interesting to see how this works out. Right now it is resulting in jitters. That with warned us the fans they might have gone too far, too fast. Youve been warning us. What about the news of a possible vaccine . That seem to capture the markets attention for a wild. Abigail , it did, and actually yesterday, too. Produce that bullish open. Behind the scenes on the day, it is coming down to the dollar. We have a strong inverse relationship as happens in certain periods of time between the dollar and stop in risk assets. Today we have the dollar down. 5 . Now it is down. 3 . That is incredible sensitivity to a change of just. 2 over last month. The dollar is down, the s p 500 is up. Up, the year, the dollar is the s p 500 is down. That subtle nuance happening
Countries using the Euro Currency the frontrunner for the job is spains not the no she would be the 1st woman to run euro group this film the biggest crisis of its time. And in china several years after a wave of human rights lawyers were arrested for public legibly subverting power some are being released from prison and we meet one freed lawyer whos getting his life back together so he can fight for rights again. Hello im terry martin good to have you with us and he government rallies have filled the streets of serbias capital belgrade for a 2nd day protesters are angry over what they see as the governments mishandling of the corona virus pandemic a surge in new infections led to talk of curfews and lockdown critics say the sharp spike in cases is the fault of syrias president who lifted an earlier lock down head of recent elections. Pandemic frustrations bubble over on the streets of belgrade chaos erupted as thousands of protesters battles with police and try to storm the parliamen
Level north of 50. New orders are very positive, 31. 8 was last time around. Significant beat with prices paid better than expected and unemployment picking up as well. Unemployment, this is what we are seeing in europe as well. Headlight numbers are good, but the unemployment numbers are quite weak and remain so it is a cause for concern. Yes, its an improvement but a while things pick up around the world what you are not seeing is full employment and a lot of companies are beginning to lay off people. You are seeing that in the data here. Alix and the question of who recovers less, that will be the next question. Breaking down the numbers even more, Michael Mckee joins us now. We had the headline numbers, but to guess a little deeper. Mike there is work to do out there. Diffusion indexes compare one month with another. This is the difference between june and may and at this point it looks like we saw a rebound andune from the dismal may april numbers. As this continues its going to b