Nearly 2,000 americans died of the deadly disease yesterday, the highest death toll since early may. As daily infections now top 100,000 for nine straight days. In fact, yesterday, 143,000 plus. Businesses are faltering so we are going to take you live to chicago, the city that may be the epicenter of the next major lockdown. Meanwhile, reliance on the cloud more important to business than ever before. And we talk to a ceo about how it clears the workfromhome runway of any debris for the biggest businesses in the world. This is a fox business exclusive and they are publicly traded. Baby yoda the hottest new star in disneys Magic Kingdom but will streamings popularity have the power to offset its shuttered parks when it reports earnings after the bell . Our power panel is about to give the mouse house stock an inspection. First, this fox business alert. Even Federal Reserve chairman jay powells measured calm and assurance that the recovery has been faster than expected, not enough to so
Monopoly status in the most significant antitrust action against a u. S. Company in decades. Google says the government case is deeply flawed. Netflix plunges in late trade after losing subscribers. We get the outlook and expectations, and investors are not happy. Shery we are seeing u. S. Futures coming online slightly higher, by. 1 after u. S. Stocks rose in the regular session. It was a choppy one. We saw expectations of the next round of stimulus and House Speaker nancy pelosi now trying to negotiate that deal with the white house, investors watching that very closely. We saw the s p 500 index gain. 5 with 10 of 11 sectors rising in the new york sector. Nasdaq composite also gaining ground, despite we saw the Justice Department decision to sue google for allegedly abusing its power. All of this leading to the dollar sinking to a oneweek low, more optimism that perhaps a compromise stimulus is on the way. Look at oil at the moment, because we have seen oil slightly higher on this up
Few smiles and the magic kingdom. Disney suffers a coronavirus hit with seem parks shot, movie theaters closed, and sports on hold. Shery a quick check of the market. This after u. S. Stocks gained ground for a second day in the regular session. We have sentiment being boosted as more economies move towards easing lockdowns. Still, in the last hour of trading, there were some cautionary comments on said officials that cut gains in half. New zealand stock scanning. 8 . This would be a Third Session of gains. Therir rate. Rate. Ir we have the rba leave rates unchanged. We are looking forward to retail Sales Numbers very soon and we will see how all of that toilet paper hoarding that we saw in march is reflected in the numbers. Not Much Movement for the japanese at the moment. Tosident trump continues push the theory that the coronavirus originated and escaped from a lab inside wuhan but sources within the u. S. Intelligence Community Say the intelligence is less than definitive. That as
Fourth quarter bottomline estimates. We will break down the results ahead of disneys highly anticipated streaming platform debut. But first, to our top stories. Facebook continues to struggle to regain trust over how it handles user data. But that has become more complicated. There has now been a leak of internal documents suggesting business considerations outweighed those privacy concerns. It is something that facebook publicly touted when it decided five years ago to cut off tens of thousands of developers from its platform. To discuss, im joined by Bloomberg Technologys sarah frier, as well as ben brody in washington. Sarah, let me start with you. You covered this story. What do we know from these leaked documents so far . Reporter the documents give us this interesting internal picture in a way we really havent seen before of how these decisions are made and the difference between how they are discussed internally and how the company explains them externally. Internally, they are
Reach. And the u. S. Government says russia, china, and iran will seek to meddle in elections going forward. How vulnerable are we . We get to opinions from ethical hackers. It was a week of reckoning for uber. They posed selling restrictions for early investors lifted wednesday, making it one of the most actively traded stocks shares some record lows, not a good look. The stock is down 40 from its debut. For some perspective, i caught up with guests. A lot of people are just sick of waiting around for it to get better. We saw the stocks fall. Again, there are some questions around when this could continue, considering a number of early investors are not underwater and could see potential upside. Taylor walter, the volatility today, is this a day issue, weeks issue or a months issue . The average daily volume is 15 million shares. As lizette was saying, you are talking about one billion shares coming off of lockup. Some of those shares are probably not going to trade. I dont think soft