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
awe have more on the challenges athat jim owners are facing right now. a a reporter most of californi ais in stage 2 of reopening. Gems are in phase three, along awith hair salons, movie theaters and Church Services ana changes for them are most alikely a month away. a so basically we have adifferent zones everywhere. Reporter adam kovacs is areshaping his fitness business creating zones, 7 to 8 feet apart, a limited number of gym amembers will be allowed in. No showers aor towels and before a they moved to another zone, astaffer comes to sanitize the equipment. a a by the time the next member agets a reporter with 4500 members ain 150 employees, sonoma fit i in limo. Frustrated, angry, anxious. awhen we are asking for how along, theres no answers. Its like this unknown. We have invested our life and asoul into this business and yo aknow we are getting no aguidelines. Reporter until help aofficers come around, people used to hit the gym are on atheir own. aare getting their exercise on
If you look at it, it is more of a financial thing than an Oil Situation. Airlines stock go into descent. Problems for peugeot expecting to see the european car market shrink this year. Lse outperforms. Also reaffirming the final dividend and will complete the 37 billion refinitiv deal in the second half. President trump issues an executive order suspending all immigration into the United States to, quote, fight the invisible pandemic and to save american jobs. Well documecome to street. Lets get to the top stories of the today, which is energy markets. U. S. Crude turns negative for the First Time Ever. Siting the strain on storage looking at minus 2. 08 falling 30 , yesterday settling over minus 37 a barrel. That means producers would pay traders to take oil off their hands. Amid widespread lockdowns amid an output cut among opec have not yet taken effect uta trading around 20 a barrel. Clearly holding out much better than the may contract. Big questions remain over whether we could
Louns lou announced he is stepping down from his ceo role. And scott minerd will tell us why he doesnt think investors should be buying just yet. We have josh here welcome back to you. Interesting dichotomy setting up in the market. The stayathome stocks versus the gooutside pelaton was just hit on power lunch and netflix, zoom, are all outperforming and the goout stocks, the restaurants, the ubers are all getting hit. Theres the pocket of green there. Yeah. Look at live nation they do concerts. Yeah. Theyre thinking people are not going to go out if and when coronavirus comes here in bigger numbers. So the thing with that is that the danger with that is buying into a narrative because the narrative could be popular for two days and then all of a sudden it goes out of favor and people are like what was i thinking why do i own this stock . Because i think people are going to sit home . However, i do own zoom and another name thats been ripping, teledoc this is virtual doctors visits im
Expecting 8. 6 and were getting 17. 7 . Those numbers getting close to the new years chinese holiday. Maybe there is a seasonal effect on these numbers. Rishaad these are good numbers, 17 . Lets have a look. We will have a look at what is going on with dollar numbers. Lets wait for that. Exports, in dollar terms. Do not have the dollar number yet. Nikkei up 0. 8 . At 29,000. Asx moving tohe the upside. Front andd the yuan center. 110 since may 24 or Something Like that. Getting more and more strong. 6. 87 . More strength coming through with the yuan. That could be down to what we are seeing with export, import and trade numbers. Yvonne these numbers when it comes to 2019, exports rising 5 from a year ago. Imports rising 1. 6 . The trade balance coming to 2. 92 billion renminbi. It seemshole year, things were looking better and not as bad as forecasted. Still in the green. David people would say it is backward looking data, but when you look at the trend, things are getting better. That