Vaccine. And we start out with breaking news on disney, putting distribution in the center part of its business. Julia. Thats right. Disneys reorganizing its Media Entertainment business to accelerate its direct to consumer strategy. It says this is in light of the success of disney plus the move divides content and creation and content distribution, creating a new median entertainment distribution group, this group will be responsible for monetizing all content including ad sales and digital platforms liking disney plus the new division will also oversover see operations of the streaming service. I would not characterize it as a response to covid i might say that covid accelerated the rate at which we made this transition, but this transition was going to happen anyway because essentially what we want to do is separate out the folks who make our wonderful content based on tremendous franchises from the Decision Making in terms of where the prioritization is in terms of how it gets com
Groups have switched from bear to bull market territory and they still have plenty of room to play catchup. Even when we get hit with waves of bad news. Nasdaq, did okay, quite a difference when i was out there when it was just a sea of red. Stocks opened up terribly. But then the strong bull markets that im talking about, the ones that are underneath, they surfaced, they quickly took over and we rolled back a big chunk of the decline buy buy buy something i pointed out on squawk on the street. When a rally has leaders from many different groups, and the better breath we have, the more kissable this market is, and thats what were seeing right now. Who are these leaders im talking about . Some youre very familiar with, because we talk about them all the time yes, bull market number one, the work from home cohort, which is a cluster of smaller bull markets. Zoom video, and at the orefron are the cybersecurity Stocks Companies need to be about protection when they put everything on the cl
There are more than 3900000 global cases of coronavirus more than 272000 deaths newly released numbers show the damage that coronavirus related shutdowns are creating for global economies the u. S. Labor market reported historic lows slashing 20500000. 00 workers from nonfarm payrolls the Labor Department reported the Unemployment Rate surge of 14. 7 percent last month thats topping the post world war 2 record of 10. 8 percent but its still short of the Great Depression high which was at 24. 9 percent yet stocks are surging and seem to be ignoring those numbers well canada also lost a record breaking number of 2000000 jobs last month unemployment numbers surging to a near high of 13 percent while the worst of the pandemic seems to have passed in europe more countries continue to reopen their economies still. The European Union is facing its worst recession ever and france adjusted the e. U. Issue bonds of at least one to 2 percent of the u. S. G. D. P. For the next 3 years so essential
A near high of 13 percent while the worst of the pandemic seems to have passed in europe more countries continue to reopen their economies still the European Union is facing its worst recession ever and france suggested the e. U. Issue bonds of at least one to 2 percent of the e. U. G. D. P. For the next 3 years so essentially it would be between a war 152300 1000000000 euros this according to a reuters report will mean while South African countries are calling for the lock down to and this is up to 4000000 jobs that are at risk keep in mind south africa is the continents most industrialized economy and if not contained the World Health Organization predicts a virus could kill up to 190000 people in africa in the 1st year all this comes as australia joined the United States and called for an investigation on chinas handling of the corona virus on friday well try. And as ambassador to berlin we can told a german magazine they are now open to approach but they reject putting china in the
There are more than 3900000 global cases of coronavirus more than 272000 deaths newly released numbers show the damage that coronavirus related shutdowns are creating for global economies the u. S. Labor market reported historic lows slashing 20500000. 00 workers from nonfarm payrolls the Labor Department reported the Unemployment Rate surge of 14. 7 percent last month thats topping the post world war 2 record of 10. 8 percent but its still short of the Great Depression high which was at 24. 9 percent yet stocks are surging and seem to be ignoring those numbers well canada also lost a record breaking number of 2000000 jobs last month unemployment numbers surging to a near high of 13 percent while the worst of the pandemic seems to have passed in europe more countries continue to reopen. Their economies still the European Union is facing its worst recession ever and france adjusted the e. U. Issue bonds of at least one to 2 percent of the e. U. s g. D. P. For the next 3 years so essenti