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
If you thought your timing wasnt quite that good some updated intel on intel. Plus, what is it the kids say again . We could netflix and grill not quite. But mike is going to grill you on a way to chill around netflix earnings. Its time to risk less and make more options actions starts now welcome back. Lets get down to it we begin with the transports like the markets hitting new highs Companies Like Union Pacific leading the group as the earnings season is about to kick off. One of thesenames is likely to report more. Who is that name carter the dow jones is making 52 week highs but railroads, its a big part of the transz port index. Names leukofed ex and ups but its only four stocks. Names you know, lets draw some lines. Is it this it has all the elements of that, but lets the it a few other ways so we plunge 17 . We recover 23 and over the past 8 months what weve really done is only gone up two and a half percent in eight months. It couldnt be suspended if you made no progress its v
And lets get a check on the markets. Stocks are higher hitting record highs again today and get this, the dow on track for its best week in nearly five months there you see the industrials basically flat never the less higher. Welcome, morgan. How are you . It is great to be with you this friday afternoon. Record breaking rally has been led by the biggest names google join iing microsoft in te trillion dollar club for more on that impact from those megacap stocks and what theyre having on the market, were going to go to seema hey, morgan, the reason we care about these milestones is because alphabet and microsoft and apple collectively make up about 13 of the s p 500 and all three are sitting on gains for the year really setting the bar high for earnings this season. Now evaluation metrics for these three Tech Companies shows that alphabet is the only one trading at a discount to its five year average of 34 times earnings microsoft apple are both trading above their historic pes with a
With more. Thank you, andrew the Commerce Ministry said negotiators agreed to canceling tariffs in stretches the additional tariffs or some of them had to go. Also the Ministry Said from beijings perspective, the tariffs needed to be lifted at the same time by the same amount, how much could be negotiated the time and place of the deal signing has yet to be decided. Since then, the state media has been really focused on the point that if the u. S. Wants to have a trade deal, there has to be a removal of tariffs the state meeting says these have to be removed together saying this shows them as equals separately today, the authorities here sentenced nine people to joail including one with a suspended death sentence for smuggling fentanyl into the United States. As a sign that there was some calculated move behind this decision, the commission had said after the sentencing that the decision was made in accordance with the consensus reached between president s xi and President Trump. Sugge
News 24 7, channel 115, we are taking away time from maria bartiromo. Maria happy tuesday, thanks for joining us, im maria bartiromo, tuesday october 29, later this morning General Motors, investors are looking for the impact of the strike that just came to an end. We will have all the numbers and funnel analysis, google parent alphabet under pressure, profits were down, stock was lower by 1 and a half percent. Following yesterdays record run for s p 500, futures pulling back. Dow industrials down 55 points and nasdaq exactly where it closed yesterday. Fires are raging in california, strong winds fueling the flames in los angeles, bay area causing evacuations and massive amounts of damage, we will take you live this morning. 737 max crisis continues, boeing ceo this morning on the hot seat, he will have to answer questions about his testimony in capitol hill, thats taking place in the oneYear Anniversary of the deadly lion air crash, mornings with maria begins right now. Maria good mor