Tens of millions of americans are still out of work and waiting on more help from the government. The german travel giant to leave post enormous losses a day for receiving another lifeline from the government. This is a business im paid for and some welcome to the show daryn miller is to pay more than 2000000000. 00 to settle claims about emissions cheating in the United States the bulk of the money will go to u. S. Authorities but the further 700000000 to cover lawsuits from consumers revelations of widespread emissions fraud among german Car Companies emerged in 2015. Lets talk more about this with the Business Correspondent to in new york yes is this a good or a bad day for dire. Its always good for a company if you have a price taken to a dime though was prepared to earlier this year they set aside the money so in that respect its a good day on the other side its clearly comes as a time when every one of most companies of the world are in dire need of money all whats going on was t
Markets looking to start the week to the upside. Futures inching higher this morning take a look there. The dow jones up about 71 points the nasdaq up about 63, and the s p 500 indicated higher by just about 10 points. This after markets finished a little change on friday. Retail, of course, and focus this week earnings expected from heavy hitters including walmart home depot lohse and target fighting back former mcdonalds ceo steve easter brook is slamming lawsuit from the company over his severance his defense later this hour. And heat wave, brutal temperatures hit the west, threatening the power grid in california. Plus, the state of travel airports bracing for a whole new world of changes at checkin what you need to know before heading to the airport. Mornings with maria is live right now. And were taking a look at the european markets edging higher as well. Take a look there the ftse higher and now investors are keeping the focus on travel restrictions, and u. S. China trade tensi
Endangerment of public health. Hes investigating. In boston, a packed party boat making headlines. Absolutely no social distancing. That party boat operation has been completely shut down. In new jersey, no pictures yet, but 700 people attended a liberian Independence Day party. It was staged at an airbnb rental. Plenty of alcohol and twerking. It took police five hours to break it up. Hundreds ticketed. There is, however, positive news on the virus. Pfizer is now in phase 3 testing for its vaccine. That is the final stage. Just like moderna. And the increase in virus cases in two key states, california and texas, is slowing down. You better take a look at this. Kodak. Remember them . They are getting 765 million from the government to make the ingredients for pharmaceutical products. They will replace china, which currently dominates the supply chain for the Building Blocks of drug products. Watch that stock go. The dow industrials, they are going to be on the down side this morning.
Information from dan is taking these new positions in the Second Quarter according to his quarterly letter in disney, amazon, alibaba. Well focus on disney first and foremost josh, i just got off phone with dan who told me the following about why they initiated this position he said theres no close second to disney when it comes to an entertainment company. He says they have slate of tent poll releases. We know the titles they have he said some of the commentary,s the narrative of how disney plus is being thought of in the context with netflix its not a winner take all environment. They have to take market he thinks is easily split between those two and some other players. He also, which was interesting as well likened disney to microsoft 7 or eight yea8 years. You have a time old business and youre able in some respects to reinvent yourself. Much as microsoft has done we know how well that stock has done lately. He seems a similar scenario for shares of disney josh, let me get your ta
Well talk to an influencer and you have no idea how much i want to be an influencer about how she is making money on tiktok. Later, godiva chocolates is remolding its business amid the coronavirus pandemic the ceo will be here to tell us whats working and a lot is working for this company in the consumer space power lunch starts right now thanks welcome back welcome to power lunch. You can see that tech continues to dominate the market today the sector up more than 2 outperforming everybody else thats in large part to apple up 3 today shares of apple are now up about 50 on the year. Its been an incredible run. That brings the companys market cap to 1. 9 trillion and change. Were within tuouching distance of a 2 trillion dollar market cap. Also take a look at nvidia today. Its up more than 85 this year. Nvidia has been a monster. Tesla up about 4 to just under 1500 share. Theres one wall street analyst chasing shares well have those details shortly. Tyler, back to you congressional lead