Topping our news, the dow and the s p 500 hitting new highs again on wall street. Well have more on that in just a moment. But after the closing bell, a dow component out with its latest results, disney reported a solid quarter. It earned 89 cents a share right in line with analysts estimates, and revenues came in slightly better than expected. Disney shares fell a bit but after hours rose a percentage point. Disney earnings coming right in line with expectations on better than expected revenue given by better than projected results by the parks and resorts. One hot topic, cbs announcing director streaming services for core cutters would give them more in the works. They are confident in the value of the cable tv bundle. Will there be experimentation . Yes, i think it is possible. Were taking a cautious approach here because we believe the prudent thing to do is to do what we can to maintain the value of what is obviously a valuecreator for this company and for a lot of other companies
The s p 500 hitting new highs again on wall street. Well have more on that in just a moment. But after the closing bell, a dow component out with its latest results, disney reported a solid quarter. It earned 89 cents a share right in line with analysts estimates, and revenues came in slightly better than expected. Disney shares fell a bit but after hours rose a percentage point. Disney earnings coming right in line with expectations on better than expected revenue given by better than projected results by the parks and resorts. One hot topic, cbs announcing director streaming services for core cutters would give them more in the works. They are confident in the value of the cable tv bundle. Will there be experimentation . Yes, i think it is possible. Were taking a cautious approach here because we believe the prudent thing to do is to do what we can to maintain the value of what is obviously a valuecreator for this company and for a lot of other companies in the media space. Iger note
About, right . Probably most concerned about german policy makers. In other words, not the ones at the central bank. Its mario draghi saying to the european governments, its up to you. You have to take the ball here. Meanwhile, in the u. S. The deficit is down below 3 of the gdp. Well go into the crucial final hour of trade. The dow down 319 points. At the low it was down about 345. The s p down 38 points today. Weve taken out obviously yesterdays lows. Now at 1930 and change. The nasdaq composite is down almost 1. 9 . Thats down 2 1 3 . 1071. Weve also been watching oil which today closed at a twoyear low. The price of wti crude here in for delivery around 85 a barrel. Now i see it at 84. In the electronic trading it continues lower. You know from the electronic trading figures, the futures, that we can follow oil is in a bear market. Down 20 from its highs just this summer. So talking about that. Keeping an eye on Interest Rates. Lets get to it now in our closing bell exchange. Joini
A selloff in the markets. Another 1 move to the downside. Thats three in five sessions, actually. The fed minutes, as we said, coming this afternoon. Yum cutting its forecast for the year. The scandal in china continues to weigh on sales. Jcpenney is holding its investor meeting today. The stock has almost doubled since february. Is jcp really back . More retail numbers today. Costco earnings are out. Theyve beaten estimates on the top and bottom line. First up, stocks are looking to shake off Global Growth numbers. The dow suffering its worst day since late july. The s p falling 1. 5 , settling at the lowest level in almost two movanths. The worst day for transports in about eight months. Oil today below 87. If cramer were here, he would say that is pointing to real demand concerns around the globe. A sign, as you say, of just slowing growth around the world. Thats the key. When you talk to people this morning as i did or even late yesterday, first thing they catch is oil. Down today
Last couple of days. S p futures up about just over 8 points. That jobs report will be indicative of how we made the move to the day. We have Alan Greenspan joining us this morning. First, steve has this mornings other big stories. Thanks, becky. An american cameraman working for nnz news in liberia has tested positive for ebola. He was one of three cameramen working with nbcs chief correspondent dr. Nancy schneiderman. Hes been working in liberia for the past three years. Nbc is sending a charter plane for schneidermans entire crew. Schneiderman on nbc last night. An abundance of caution. We have selfquarantining ourselves, even going beyond the cdc guidelines. We recognize that there is a big story back home. Meantime in texas, the cdc contacting dozens of people. Meg turrell joining us from dallas with the latest this morning. Good morning, meg. Good morning, steve. That nbc news cameraman, our colleague was the fifth american affected with ebola and is back here in the United State