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Business lending facilities to keep credit flowing as u. S. Job losses surge past 30 million. Shery lets get started with a quick check of the markets. We are seeing pressure on u. S. Futures, falling more than a percent at the moment, after the s p 500 fell from the sevenweek high. But yes, it was the best month since 1987. We saw the s p 500 climbing 13 this month. We have more pessimism about the economy today. We had dismal jobless claims data. Slowing down but elevated. We have positive sentiment being filtered through with the fed expanding the scope of the main Street Lending program. Also, the nasdaq was helped by results from microsoft, facebook, and tesla. When it comes to wti, we continue to see extended gains. It is trading near 19 per barrel. This, as we saw signs of fuel consumption start to recover in the u. S. We have a few markets that are closed across asia. China,cludes hong kong, singapore, india, and many more ....
What they are seeing this quarter and where demand might go. He said the last part of march and the first part of april were very depressed and then we saw a pickup relative to that period in the second half of april. We are not projecting what we will do this quarter because of the lack of certainty and visibility that weve got. Apple not giving a forecast for the quarter or the year, but cook sounding fairly optimistic there. Amazon earnings also out this hour. Amazon shares down after the bell. I want to bring in taylor riggs who has been following all of this. In that interview with tim cook, he told me he believed this pickup in april was driven by some of the new products they have launched over the past few weeks including the cheaper iphone, a macbook air, and ipad pro. As well as stimulus from the federal government and people getting used to, we are in the middle of a pandemic and this is the way things will be for a little while. What is your take . Taylor great interview be ....
Results. Julia ba Julia Boorstin is in los angeles and very volatile in the afterhours session. Melissa, great to have you back netflix adding 15. 7 million subscribers and thats about double what analysts expected. The company also forecasting the addition of 7. 5 million subscribers in the Second Quarter and thats more than 3 million more than analyst predictions for that Ceo Reed Hastings saying there are three main effects of coronavirus. In addition to subscriber growth temporarily accelerating due to home confinement and he says that International Revenue will be lower than previous forecast due to the dollars sharp rise and he also says due to production shutdowns and spending on contact will be delayed. Hastings also expects viewing to decline and ....
Markets. Buying in the long and in the u. S. We had a seven year auction yesterday. A lot of supply was coming online. One area you are still seeing selling is btps in italy. Oil up by about 1. 50. As we get lots of earnings sees their yum restaurants around the world largely open for business, so that is interesting. Worldwide comp sales down by 7 , better than estimated. The estimates were for down. 4 . 8. 4 . E for down no visibility really for all of these companies trying to figure out where they go from here. Into all of todays market moving news. We are about 1 3 through earnings right now. Onhabet surging in premarket betterthanexpected results. D both taking a hit. Annmarie hordern has more. Annmarie i want to look alphabet, up in premarket trading. On top of that, it is boosting shares in the nasdaq futures market. Sales came in better than last year. On top of that, they beat the street. They did suffer from cuts in marketing to do the pandemic, but the executives had a lot ....