Leaning on big cap tech. Once again ass an anchor s p 500 First Time Since february, microsoft, tiktok in the news schumer says the democrats in the white house have started to move a little closer on a stimulus agreement, and of course david disney tonight, which will give us all kinds of information about the progress of parks, studio entertainment, advertising and more as we have said many times over the last few months, disney in some ways a reflection of the economy, certainly the consumer side of it to some extent. I know julia is going to be following that closely after the bell expectations cant be particularly high but we are looking for a lot more data when it comes to the parks and the attendance, when it comes to directtoconsumer of course with disney plus and the exhibition of motion pictures, which is not something thats going on right now. Absolutely, david, i mean, i think it will be really interesting to get some more insight into the success of that streaming business
Resee recovery in retail sales dow down 271 session lows 59 minutes left of trade the nasdaq has been the underperformer is actually off its lows were kind of moving around, as we speak, in the final hour. All the major indexes are lows ahead on todays show, well speak to mike sievert. Well get an upgraciointergrac sprint and the president of the university of arizona will outline his plan for the fall semester as cases and hospitalizations rise in that state. Well focus on the big stories were watching at this hour Steve Liesman with details on todays jobless claims will is digging into Big Bank Earnings and meg has details on johnson and johnsons results. But, steve, start us off with the jobs picture. You know, were getting two different stories from the jobless claims one of improvement and one where the improvement has kind of flat lined. Well take a look at the numbers. Claiming coming in at 1. 3 million. Above expectations dow just 10,000 on the weekly jobless claims thats kind
Doses ready to ship once they get the green light and speaking of green light, joe biden wants to go ahead and raise Corporate Taxes, he is tapping his inner Bernie Sanders and outlining his economic plans using terms like fair share and calling for an end to what he calls shareholder capitalism. We are all over that story you can bet. We may hear the president s response to mr. Bidens plan shortly, he will be leaving for an event in florida this hour. We expect he will speak to reporters before boarding marine one as he likes to do and you will certainly see that right here when it happens. You will also see very little let up in the tech rally, despite theyre down day overall, the big tech names holding their own with more record gains. Amazon, it is hit an alltime high for six days in a row. Not bad. Apple, not much of a pullback of the stays above 380 a share, same story for microsoft, not much of a drop there, for microsoft still at 213 box. Facebook is above 240, despite constant
It is a big bet disney is starting off slow with the Magic Kingdom and animal kingdom, two of its five orlando parks with limited capacity. This is a very big deal for disney to start the staged reopening of disney world after closing both of its domestic parks on march 14th. Yesterday it started reopening downtown disney. Thats the outdoor mall by its anaheim park it mandated masks and social distancing there this is an important moment for disney parks and resorts which last year was the largest with Revenue Generating about 35 of revenue in 2019. Its estimated disney lost more than a billion dollars between april and june at those domestic parks because of those closures. The opening of disney world will be a key test of what consumer demand for the parks could look like especially since disneys orlando park sees more traffic from out of state visitors than the california parks which are smaller. Obviously the anaheim park has less guests that stay overnight where orlando has a big
Quarter gdp. All coming up at 8 30 a. M. Eastern and investor reaction. Reaction from u. S. Labor secretary Eugene Scalia, hes here live at 8 30 a. M. Eastern. Ahead of the numbers, markets mixed. Markets surged yesterday but this morning dow futures up 75 but the s p and nasdaq futures negative. This on top of yesterday when the dow closed above 25,000 for the First Time Since march tenth with big rally yesterday at the close on wall street. As you see the dow industrials up 553 points at the close yesterday, nasdaq was up 72 and s p 500 yesterday up 44. President trump versus social media. White house reportedly set to take executive action to hold companies responsible for stiffing free speech and the Michael Flynn controversy deepens this morning. Attorney general william barr announcing brandnew investigation more unmasking, looking at what happened before and after the 2016 election. Plus major travel destinations returning, las vegas resorts ready to welcome guests once again, d