Data from the late stage kile of its Covid Vaccine and could reveal that data on how things work very soon were keeping our eyes on shares of southwest the airline saying it sees a deceleration in revenue improvements for the rest of the year, carl jim, well start with the balance between these covid numbers and the expectation that winter is going to be tough. But got to say some of the encouraging headlines out of curavac today saying that this might not be something we need every season because the mutation peers less frequent and more stable at basically refrigerator type temperatures. Look, im convinced that the people evolinvolved in this, i n well get good news from all these companies. Havent stopped the times. I expect good news from moderna. I expect good news from j j. I speexpect good news from glaxs behind, but astrazeneca. Here is the problem, carl, i keep thinking what happens, when do we get it when do we go to walgreens and just get it . And will everybody get it . I j
Edward lawrence in washington. Ashley webster waits on the disney numbers we talked about. While we wait for that, edward, well start with you on the economy and the new comment today from the fed chairman. Reporter connell, Federal Reserve chairman Jerome Powell says the economic path forward will be a challenging one and includes more help from congress. Powell on a panel with European Central bankers says that Monetary Policy needs to work with fiscal policy because the size of the economic shock with the coronavirus. Ultimately it was a job to replace lost income. I would say that our congress stepped in and there hasnt been a faster or stronger response from congress to an economic emergency since really the great depression. Reporter he is talking about the first cares act at the beginning of the summer. Last week powell said, in order to get quickly back to where we want with the economy. There needs to be a another relief package from congress. It should be targeted to those pe
Thought to be controlled by the Peoples Liberation army. And policymakers seem less likely to go down that route decide besides providing support for a long time. Shery lets take a look at how we are setting up an asian markets. Looks like trending a bit lower in sydney. U. S. Stocks really doing pretty taking overrallies adding to concerns about tougher lockdown measures with the existence of an effective vaccine. Downside about a quarter of 1 and that market along with new zealand looking pretty overheated after the recent run of gains. Continuing to push back expectations for negative rates. Chicago futures moderately positive at the moment. The yen seeing a little bit of a gain but we have seen a new daily record for Coronavirus Infections in japan this week. Authorities hinting they could need to take stronger measures to halt the increase in the spread. S p acted futures up by. 2 sessione active cash sank as much as 1. 5 overnight. Shery lets turn to our top story President Trump
We have pushback against a biden coindividual advisor that the federal government should enforce a nationwide u. S. Lock down, that u. S. Taxpayers pay for it, paying everybodys wages including u. S. Government workers. The white house covid19 task force is warn about this. The debate is lockdowns did throw 30 Million People out of work. The debate tonight, is that really the fix . The pandemic is bad. Everyone understands that. The half the country according to gallup would be against another lockdown. They would not comply with it. Plus experts say, federal lockdown run by the u. S. Government is unconstitutional. This is likely why people are taking to the streets to protest lockdowns in dozens of countries around the world on five major continents. In every region of the globe from poor to rich. As more u. S. Politicians warn, dont you dare turn your thanks giving or Christmas Celebration into a superspreader event or well punish you big time. Dont you talk loudly or sing in bars.
Covid surges to its highest level since 2018 disney jumping after hours julia . Better than expected top and bottom line results. Ending the quarter with 73 million subscribers. The company also announcing it will forego its next semiannual dividend and thats due to the cause of coronavirus. Disney shares giving up some of those gains, now about 3. 5 . The ceo saying in the call going on right now, the disney direct to consumer business is its bright spot. The growth of disney plus speaks volumes about the strength of our ip, our unparallel granting franchises and creators, all part of the disney difference that sets us apart from everyone else and when you look across our full suite of streaming services, we have exceeded 120 million paid subscriptions worldwide. Meanwhile, a smaller than expected loss. Losing 2. 4 billion due to covid, but down from the 3. 5 billion. The Company Also Reports that they are reassured by booking trends at Walt Disney World and urging california to allow