drivers. the company is seeing a 60% drop in parks and consumer products revenue. a 62% dip in studio revenue. the numbers are backward looking. challenges remain in the here and now. you have surging covid cases. today, we saw the chicago shut down. cruise returning early. joe: the scene that is a lot of things going on. lots of good term lots of things going on. the short-term, losing money on lots of struggling aspects. you see some of the details. media networks gaining 11%. studio entertainment plunging. no one is making or going out to the movies. parks experiences only down 61% should the director of consumer and international gaming romaine: absolutely a microcosm of the economy. will be interesting to see as they pushed deeper into the streaming space, how they leverage that to go back to the toys, the parts and those things they used to use. joe: joining us with more insight is a bloomberg intelligence media analyst. how disneyking about is the microcosm for the
speaker pelosi remains optimistic about a pre-election aid package. i don t know talks are continuing today not sure how mitch mcconnell feels about all that yeah, we got meadows on the tape too making some comments about that we ll get to that in a bit, guys let s start with snap. hard to start anywhere else as they crush the estimates, revenue up 50. rbc this morning says the growth looks less like a v and more look a check mark. and i saw you gave evan spiegel shoutouts on twitter last night. i had to. doesn t have a lot of followers. didn t bounce it back to me. unlike there is some people who get right involved like one of my guests today. one thing i found that was spectacular was when i first started the street, we had a guy from advertising, he said, look, the holy grail is to get someone to start using colgate when they re 16 snap augmented reality is all about reaching that age before they decide, you any, look, it is going to be old spice or going to be whateve
now. welcome, everybody, to power lunch on a very busy tuesday here as october comes swiftly to an end earnings and geopolitical fears weighing on investors right now. that is sending the major averages down and down hard. the dow plunging triple digits as you see right there 331. lowest level in almost four months for the dow early today down almost 550 points, thereabouts, at the lows caterpillar and 3m, they are the culprits today today they are contributing about 150 points of that 330-ish point drop mcdonald s going the other way happy meals, baby. best day in three years there following its earnings more on those three stocks ahead and the s&p 500. lowest level in about five months nasdaq lowest level in about six. having its worst month since november of 2008 that tells you how rough it has been the russell 2000 small caps, dow transports, they are in correction territory and three out of four of the s&p stocks are in correction territory. norfolk southern, united co
take a look at some of the individual nasdaq winners year to date. align technology, take-two interactive, vertex, wynn resorts, micron. you stick with what s working. for most of those names, yes. they show growth if they can continue to show that growth absolutely most of these names fundamentally, when you look at, for instance, micron, i don t know whether or not it s certainly a buy or not today, this moment, but when you look at this after it broke through 32.5 it went straight up towards 50 i mean almost every single day yet when you look at the valuation and the growth prospects of this company, they re still very, very compelling so i think there are plenty of opportunities out there, even in some of these names. now, wynn, i love that name, absolutely love that name. and you love steve wynn. i sure do, you know why, because he led the way he was buying his own stock at 53 all the way up to 100 but can it hold up at these valuations at $170 a share i m not so s
weaker looking at europe this morning, the early trading taking place, at least at this hour things are flat there the dax is slightly higher, the cac and ftse are slightly lower. spain up by a tenth of a percentage point crude oil prices were up yesterday to a two-week high, up at 51.87 this morning those gains continue with wti for november delivery up by 21 cents to 52.08. wow dow component united health is reporting. stock has been on a tear for years, right in fact, the stock getting close to a new high, 1$186 billion market cap, almost 1$187 billion market cap reporting 266 a share. that s tencents above expectation. for the year, they see 2017 adjusted net at $10. medical loss rates, they call it something different now. they call it medical care ratio, 81.4% that s like the inverse of profit margin. revenue, 50.32 billion you can t necessarily compare apples to apples, i like the earnings per share or the earnings increase. 26%. 26% earnings increase. that is wh