Arizona for biden. Dow is up 191. Were going to start with disney though and a surge for shares this morning following the strong earnings last night and that enormous pop for disney plus subs. Julia boorstin is going to break that down for us hey, julia carl, disney plus accrued 73 Million Subscribers. The companys 120 million paid Digital Subscribers are a bright spot the company says suspension of the next semiannual dividend is in part to priority the direct to consumer initiatives. Its very clear what the new content has subscribers. I think youll see continued increase in investment and then that will fuel some of the growth that christine will talk about at the Investor Conference that we expect on december 10th. The company says theyre reassured by booking trends that cruise ship bookings for next year are very strong pushing to open disneys closed california parks, he called californias restrictions arbitrary. Were very encouraged by the prospect of a potential vaccine. Were e
Democratic candidate for President Joe Biden will make the speech intentionally of his lifetime. The day started down pete with a rise in jobless claims. Yesterday, we saw a surprise bearish reversal. Today, a surprise bullish reversal, all leading into joe bidens speech. Morning,earlier in the we had stocks down a little bit as the initial jobless claims came back in above a million. But we had a turnaround. Thanasdaq closing up more 1 , so perhaps some folks hoping that those unfortunate job numbers could force congress to approve a stimulus package sooner rather than later. Nasdaq up 1. 4 . , the newa cap index York Stock Exchange faang index, up about 2 . Facebook,habet, amazon climbing higher. The stayathome trade back in the lead. Russell down half a percent. Interesting way for the gains to happen. Perhaps not the healthiest. Financials, industrials. All about tech. You were mentioning the dnc tonight. Joe biden making potentially what will pd speech of his lifetime. Going into
Over foro pay half 1 billion contributing to the states Opioid Crisis. This marks the first time a drug company has been held responsible for the crisis, which has led to more than 400,000 Overdose Deaths since 1999. We will get the latest. Then to kochland the secret history of Koch Industries and Corporate Power in america. Is theland in one sense history of one corporation, and it happens to be one of the largest corporations in the industries. S, coke this company hasevenues every year that are laer than that of facebook, Goldman Sachs, nus beall combed. It touches on most every aspect of modern life from energy to the food system to Building Materials. Amy following the death of billionaire rightwing donor david koch, we look at how he and his brother charles koch transformed the American Economy and political system from funding Climate Change deniers to fighting organized labor. All that and more, coming up. Welcome to democracy now , democracynow. Org, the war and peace report.
Automakers and electric Vehicle Market . We discuss that anymore plus, check on the markets because it is a down day. More volatility comes as the options expire. Nasdaq off by 1. 3 per year feeling the pain. So too is the nvidia. Tmc ask major suppliers to potentially delay shipment of equipment. With the seat with her or not bloomberg can conform those reports but the chip sector down by 2. 4 percent. Bitcoin on the downside. Individual movers i want to get to you because we have seen the likes of adobe underwhelming down by 3. 8 . The numbers come in line but not good enough and though they did see continued strength in the media business. Apple on the downside is we saw Strong Demand for the ipo 15, iphone 15. The comeback is here. This week was the biggest debut of the year. Speaking with the ceo rene husk who was confident in the outcome for his business. With a unique Business Model biggest is the ability to have a good vision in the future when people use our products. Relative
About 30 minutes into the trading day and Abigail Doolittle has the latest. About, globalked markets shaking off the effect of the italian referendum. Abigail we have big gains for the stocks in the usb at the dow, s p 500, and nasdaq are all higher. Offially there was a risk reaction, but really a declining reaction. ,f we go back to the brexit a big selloff, then a selloff and it reversed. The dow on pace for a record closing high. But the dow isng itsace for us fix for fifth week i. The s p 500 and the nasdaq are reversing last week losses. At 2041. Ok the shows the alltime record high. Two things, right here we have an area of consolidation. It appears the dow is breaking. Ut higher the dow transports, a less followed index, is actually also trading at an alltime record high. Would say that signals more strength ahead for stocks. Taking a look at Asset Classes, we are seeing a risk on picture here. We have the safe haven gold trading lower. Follows from that supply cut from opec la