From the forums managing director. In the spanish town was a byword for the beach holidays but now benetton sandy shore life isnt. There some reports in berlin welcome to the program this week the goliaths of wall street have met that david the game stop shares frenzy has seen a surge of stock purchases by small investors lead to losses in the billions for hedge fund pros but now go on the online forums where this rebellion was coordinated after brokerage apps blocked any more trades. Theyre placing their bets a group of small time speculators not professional traders have been coordinating the purchase of game stop stocks in online forums even though the retailer is virtually broke this has been causing share prices to skyrocket at the peak of the frenzy the stock had risen 2500 percent from its price at the start of the year well it played out that those who are pushing the share Prices Higher are on the winning side but those hedge funds that are short the stock. Believe that the pr
Now, is that right . David over the past 15 years, one of the most successful ceos in the world has been bob iger. He led disney to its greatest heights, increasing the market value by 400 . He did that through acquisitions of 21st century fox, lucasfilm, pixar, and Marvel Entertainment. Now the question what is he going to do next . During the time that you were the ceo, the stock market value of the company went up about 450 and the market capitalization about 400 during time year period of my big regret is that i didnt back you and buy stock, but you must be very pleased with what you accomplished. Bob proud would probably be the right word to use. I inherited a company that was renowned and had been quite successful, but had also gone through a period of difficulty. There was a lot of work to do. My goal was to not only improve the company, but to ultimately leave the company in great hands for my successor. David you werent as successful in leaving the company, because you wanted
At tray Glen Astrazeneca on the defense after critics say it failed to give an update on patient data on the vaccine trials. Futures after markets were closed for the thanksgiving holiday, they are in the green as you can see, dow jones 54 in the premarket. Weve got a lot to talk about today with wall street. Were going to have a half trading day today, markets closing at 1 00 p. M. Eastern time some good news to show you, nice gains there, the nasdaq is in record territory as the dow is looking to crack 30,000 once more today after the index crossed the milestone earlier in the week. Ruling on religious restrictions, the Supreme Court telling new York Governor Andrew Cuomo he cant put a capacity limit on houses of worship. Were on this story today. Plus, it is black friday, its going to look a little bit different. Retailers going with the shift to online sales as brick and Mortar Stores are rethinking foot traffic this year. Mornings with maria is live right now. Its a brandnew day.
From the bay areas local news station. Watching kron 4 news. Governor Gavin Newsome facing backlash tonight after attending a Birthday Party in wine country, thank you for joining us tonight at 9 im pam moore and im grant lotus in tonight for ken wayne this dinner was held last week at the swanky French Laundry restaurant, this is in napa counties youngsville a dozen people from different households attended it. And this is one of the situations now where a lot of people are saying is it do as i say not as i do. And darren joins us live from yelp bill tonight he joins us with more on the governors response maupin and grant the governor has admitted that attending this party was a lapse of judgment and that he should not have gone to this dinner here at the French Laundry as the state continues to re tighten some of its covid19 restrictions with the holidays drawing closer. The governors credibility is definitely taking a hit. Governor gavin, newsome is catching some heat for attending
But opening up to essentially mostly sunny skies to cover the balance of your saturday live shot coming in from the golden gate, this is usually the fog trapped in the morning not seeing that not too bad at Half Moon Bay either smart was talking about looks like mostly sunny from Vantage Point however theres that dense fog covering chunks of the east bay up to the north bay picking the valleys even into the Santa Clara Valley as well. Give you an idea how this all mixes out Going Forward to the Morning Hours. Again the advisory still 9 but we should clear out to the mostly sunny mode as we get to the late Morning Hours just a quick check on Storm Tracker little bit of traffic up to the north of some scattered clouds that will be with us. Temperatures a chilly even with this rain look at bottle coming in at 3236 for santa rosa with what ground wow thats interesting 43 going on for napa and we have a couple of 50s here and there, but usually moisture helps keep temperatures supported not