Busiest day of earnings season and as we await a vaccine, more positive news from one drug maker about a possible treatment. You are watching Worldwide Exchange here on cnbc good morning, im dominic chu in for Brian Sullivan. We begin with stock futures pointing to a possible turnaround with the dow kit e indicated high, 175 to the up side, s p up by 27 and nasdaq up by 125 the dow and s p are coming off their first single day performances since june 11 the blue chip index seeing its fourth done day wn kaday in a re late february. Since the selling began on friday, the dow has shed a total of 1843 points, roughly 6. 5 it is on pace for its worst monthly performance since march. And it wasnt just the dow Big Technology also taking it on the chin over the past couple of days take a look at facebook, alphab alphabet, apple, tesla, and more together losing some 270 billion in market value just since tuesday alone. All of this coming as the u. S. Reporting its highest number of coronavirus
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
Visibility in many areas, including our bridges so do watch that as youre heading into work this monday. Air quality is starting out pretty good across the region with mostly good conditions. We can expect a come the afternoon not going to be quite as Crystal Clear of an afternoon as what we had yesterday but still far better than any of our days last week were 40s and 50s for most of your current temperatures but great for a lot of us on the cooler side as well cooler than yesterday at this time so be afraid to throw that jacket on and really embrace the fall feel this morning. Later on today it will be back to the 90s low 90s inland with 70s 80s near the bay in coast. Robert all right. Thank you john yes, the fog is a major issue for people commuting this morning. It is dense so please be careful out there starting off at the bay bridge 80 wesson to San Francisco. Their sons crowding this is the second wave of traffic that we have this morning into San Francisco sort started stacking
President have now tested positive, with another key member of the west wing coming down with coronavirus. Team coverage standing by, world news tonight begins now. Good evening and its great to have you with us as we start another week together here and we begin tonight with that breaking news. President trump is leaving Walter Reed Medical Center and heading back to the white house, after being taken to walter reed friday night. The medical team treating the president aggressively. And the president s doctor confirming today that the president did receive oxygen twice since testing positive for covid. The president s doctor also saying late today he may not be entirely out of the woods yet for something this early in his course of treatment. In fact, the doctors said, we wont know until next weekend, several days from now, truly how the president will fare from this, given the normal course from the virus. But tonight, the president is going back to the white house, and this evening,
[no audio] kayleigh hello, everyone. Is another historic day at the white house. I have ambassador rick grenell, National Security advisor robert obrien, and Senior Advisor jared kushner, to talk to you about history made at the white house today and then they will take a few questions. Robert it was a great morning in the oval office. Through theogether, hard work of great diplomats, led by rick grenell of the serbiants direction, and kosovo have normalized economic relationships. This serbiakosovo conflict has gone on for decades. They have been unable to move onward for many years, and the president some time ago decided we knighted we needed to try something new, break the deadlock and move forward with the Peace Process with serbia and kosovo. To have the Prime Minister of kosovo and president of serbia and the oval office was something, given the history of those two countries at the history of the United States with respect to serbia and the conflict in the balkans, is remarkabl