But stronger than expected bottom line results. Those earnings really driving disney higher. Its up 4. 5 on news that disney is bracing its direct relationship with consumers announcing it will show mulan to subscribers on september 4th this is a dramatic change to disneys distribution model. It is sending theater chain stocks lower its building on a bright spot in the quarter which is doisney plus topping 60 million subscribers. Disney now has in total over 100 million subscribers across its direct to consumer businesses. Despite the challenges of the pandemic, weve managed to take deliberate and innovative steps in letting our businesses. At the same time weve also been very focused in advancing and growing our direct to consumer business, which we see as a top priority and key to the future of our company the impact of covid was felt deeply, particularly at disneys park division. The company says it experienced a 3. 5 billion net adverse impact in segment operating income due to cov
A day. Yesterday that was a big head wind as the market did get up the s p just to the cusp of those old highs. We did it without the help of technology, of the big Growth Stocks everyone is talking about this rotation the nasdaq has had yet another of its fairly routine pullbacks so far it has bounced to maintain this up trend today yes, tesla helping it, but really it is the old favorites as well, just picking up the slack and the s p is right back to yesterdays afternoon highs before we had that shake out going into the close. Julia, david faber mentioning last hour the passing of Sumner Redstone, a legend in the content world. Coin that phrase content is king. Has a bit of feeling the end of an era, of course, he lived well into his 90s but what are your thoughts on what a figure like Sumner Redstone meant in his prime and who is defining this era right now. Well, certainly, jon. He was the ultimate media mobile of that raera. He was responsible for the consolidation of so much con
Robots to assist in social distancing well talk to the president of George Mason University about that schools hightech Higher Education plan power lunch starts right now thank you. Lets take a look at where we stand with the markets at this hour the dow and the s p are on track for their first weekly declines in a month its now down for the second week in a row. Down another 92 points today big piece of that, check out apple down again today now down about 4 for the week the stock is still up 90 from its 52week low. Its been a rough slog for apple. The bioteches are weighing os the nasdaq you can see the two themes playing out now as we look to close out the week health care and technology, the underperformers today. Theres only one sector in the green. Its Consumer Discretionary and just by a hair tyler. Thank you. Lets send it over now to kayla for news about the other story that is driving the markets today and that is those rising tensions between United States and china. Kay kayl
Anderson and nelson claimed they were simply expressing their disappointment over the city support for the black lives Matter Organization which they find to be extreme. They have a radical mission and the fact that. My clients disagree with that mission is a problem for the dia and shes charged with a hate crime. So we look forward to defending these charges vigorously in court the next court date is scheduled for october 13th. In martinez believe that all kron 4 news. A 1000 americans a dog into a dying thats true and you have it is what it is, but that doesnt mean we are doing everything we can. It is what it the president referring to the climbing death toll in the u. S. From the coronavirus. Members of the Coronavirus Task force. They are warning the pandemic is getting worse but the president is praising his administrations actions whitney wild reports. From the cities to the suburbs in rule areas covid19 is more widespread in the United States than ever before but in an intervie
Cooldown with highs that are well below average for this time of year. If you like it, enjoy it, it is not going to last. Today looks pretty good. Anything new at 6 00 on a wednesday . Nothing new right now, steve, it is still pretty good out there, so far, so good. Getting out to the macarthur maze ridge, and continuing toward the bay bridge and, if you are driving on 80 it should not take you too long. Too long from the cockiness bridge, to the maze 18 minutes or so. Theres a little bit of a backup. It will extend itself and the next few minutes as you drive into San Francisco. Lets go back to the headlines. New details coming in within the past 10 minutes about the breaking news in san jose. Police have been in an hours long standoff overnight, with the man at the Santa Clara County jail. Lets go to sara who has new information now, sara . Good morning, pam, the standoff is over. The Santa Clara Sheriffs Office as a man has peacefully surrendered and is in custody. Lets look at the