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
Still down. That is not eating into stocks. The reason why the tech heavy nasdaq is up higher is being helped out by the faang index. At this point the investors who have chosen to invest alongside the fed liquidity efforts and nuanced machinations. They are benefiting with stocks down just a little bit. Some of the stocks are helping out, the stayathome stocks, netflix reports tomorrow. Theyll be interesting to see whether the stayathome companies are benefiting from all of this. Some are making the point people might be at home, but if they are already a Netflix Subscriber it might not boost their numbers. David that is what i was going to ask. How much of this is an anticipation of some of the tech earnings . Abigail i do not they do it is in anticipating, i think it is the momentum for some of the stayathome stocks that they will benefit. One will be that the crisis will last much longer than expected and those stocks are up. Another idea could be the new normal is forever changed
In other words no matter how much you may hoff a stock, no matter how entrald with the Underlying Company if the rules say sell it, sell, sell, sell, sell you sell it. One thing i learned in the investing career no matter you might be believe in something you violate the rules of the road at your peril but where the heck do the rules come from . Its not like they were handed down from on high and carved into sfoen tablets theyre not the laws the physics. You cant dedues from observing the market the way you can do say gravity. The rules come in from experience in particular my experience. I spent nearly 40 years in this business in that time you Better Believe i learned powerful lessons in many cases i learn the hard way. And because i dont want to you repeat my mistakes, because i do want you to have the benefit of my whole career, tonight i want to lay out some of my most important rules for investing. The stuff i really live by some of the stuff may seem basic. But again you forget
Tomorrow how options traders get ready for the prin by start with a d. C. Triple play, the house moving forward on impeachment against President Trump. Congress reaching a bipartisan deal when was the last time you heard bipartisan deal on a new nafta we have late breaking developments on the trade war with china as the clock clicks to the new round of tariffs kicking in this we could lets get to Kayla Tausche live in washington in the d. C. Newsroom for all three the stories. One of the two major variables on trade as you mentioned. House democrats announcing a deal with the white house and usmca, negotiators from the u. S. Mexico and canada in mexico city to sign the revised deal the senate will not vote on in until after the impeachment trial. Some republicans have raised concerns about how Union Friendly the deal is even as Speaker Pelosi is confirming that the house will vote next week. We are declaring victory for the American Worker in what is in the agreement but we never not a
Is left unprotected on a google cloud server. We will speak to the hacker who discovered it. First, our top story. Elon musk unveiled teslas new cyber truck with stainless steel exterior and armored glass that is not supposed to shatter, but the demo didnt go as planned. Oh my god. Well. Maybe that was a little too hard. Taylor for more on the mishap and how shareholders reacted, i want to bring bloombergs ed ludlow who was at the event. Before we get into the pomp and circumstance, how was the cyber truck . It is the futuristic concept pickup truck that elon musk has been teasing for 12 months. It is exactly as he described. Think of the 1980s film called blade runner served in november 2019. It rolls out on stage, it is big, boxy and looks nothing like a conventional pickup truck. It is really impressive on paper. 060 in seconds, can tow 14,000 pounds, makes it competitive against traditional Combustion Engine pickups. On paper, it is this amazing thing. It is just that it is so diff