Disclosed his firm, what that thens for the stock, and a rough week for banks. Reports of suspicious transactions and backlash against wells fargo ceo, but there could be some positive factors ahead. My colleagues, ben levisohn, carlton english. Ben, im going to start with you. Weve been chatting this week about the market, and you kept on saying stocks are behaving in a weird way. Whats so unusual in. The week started pretty badly, fears about covid resurgence in europe that really knocked the market down. It built with the questions about economic stimulus and the likelihood that we wont get any, fears about the economy, about the election. And the market kept dropping, and it really looked like good news wasnt going to matter much. Nikes earnings were great, it didnt help the overall market. Darden, which owns the olive garden, it reinstated its dividend, this is a restaurant stock. But, again, that didnt have any big effect on the market. And even when california announced that it
Disclosed his firm, what that thens for the stock, and a rough week for banks. Reports of suspicious transactions and backlash against wells fargo ceo, but there could be some positive factors ahead. My colleagues, ben levisohn, carlton english. Ben, im going to start with you. Weve been chatting this week about the market, and you kept on saying stocks are behaving in a weird way. Whats so unusual in. The week started pretty badly, fears about covid resurgence in europe that really knocked the market down. It built with the questions about economic stimulus and the likelihood that we wont get any, fears about the economy, about the election. And the market kept dropping, and it really looked like good news wasnt going to matter much. Nikes earnings were great, it didnt help the overall market. Darden, which owns the olive garden, it reinstated its dividend, this is a restaurant stock. But, again, that didnt have any big effect on the market. And even when california announced that it
Worsen, suspending imports of australian coal. Disney jumping a late trade on a management shakeup and a focus on streaming through a newmedia unit. We hear from the ceo. Check of howget a the markets are trading. We are seeing u. S. Futures coming online pretty much flat. We saw u. S. Stocks climbing to an almost sixweek high we had a rally. The s p 500 gaining ground. We also had financials pretty strong, gaining more than 1 ahead of earnings season. Jp morgan and citigroup reporting tomorrow. It was really about this years trade that really led the rally. The nasdaq composite gaining more than 2. 5 . Amazon soaring ahead of its prime day. Apple also jumping. The product unveiling but its price target was raised by rbc Capital Markets. Take a look at what oil is doing, reversing some of those losses it saw during the u. S. Session when it fell below 40 a barrel. Gulf operations restarting after hurricane delta. Sourcesention, libya saying we could see output there doubling within 10
0. 719 andrew and we have numbers to bring you this morning from United Health group just out with its quarterly numbers. Reporting Quarterly Earnings of 3. 51 per share. It beat the consensus estimate of 3. 09 revenue also above forecasts, saying that medical care trends that had been disrupted by the pandemic are moving closer to normal you are looking at that stock up just marginally this morning and we have three more financials, bank of america this hour, Goldman Sachs in the 7 00 hour and then wells fargo in the 8 00 hour. Joe. Thankthanks, andrew. Another Clinical Trial halted over safety concerns, eli lilly late stage trial has been paused by u. S. Health regulation tors it used a Health Sample from one the first patients recovered from coronavirus ill given you more details. Because it leaves out something important. Of the trials ongoing of the antibody, they decided to add remdesivir along with the antibody and that is when they had to halt the trial for some kind of safety
Disclosed his firm, what that thens for the stock, and a rough week for banks. Reports of suspicious transactions and backlash against wells fargo ceo, but there could be some positive factors ahead. My colleagues, ben levisohn, carlton english. Ben, im going to start with you. Weve been chatting this week about the market, and you kept on saying stocks are behaving in a weird way. Whats so unusual in. The week started pretty badly, fears about covid resurgence in europe that really knocked the market down. It built with the questions about economic stimulus and the likelihood that we wont get any, fears about the economy, about the election. And the market kept dropping, and it really looked like good news wasnt going to matter much. Nikes earnings were great, it didnt help the overall market. Darden, which owns the olive garden, it reinstated its dividend, this is a restaurant stock. But, again, that didnt have any big effect on the market. And even when california announced that it