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
108 points hire. So good news all around. Lets see if it can stay this way. Treasury yields, you can look at a 10year note at. 681 we have so much going on the fed kicking off a twoday meeting. The first since it put new framework into place isnt expected to change Interest Rates fed chair powell planning to answer questions about the outlook during tomorrows News Conference then we have the data coming in today where we get august import and export prices. The latest productions numbers and the earnings, we have fedex and adobe. A lot of other news, joe i can hear the bounce in your step i hear it in your voice. I think it might be the guests we have again today. I know you are excited for the hour we had great guests yesterday and great guests today we have bob from viea come cbs Jared Kushner coming up in the 7 00 hour. Kevin mccarthy then i realize we miss becky whenever shes out but you like to talk and i guess i do too so it is 50 50, instead of 33, 33, 33 you dont have to admit
They are higher on this monday trying to work their way back from last wem wooeks sell off. Jon, i go to you first you saw enough in the sell off in big tech to put some money back to work you added to things you had. Why . I saw a lot of institutions doing that when that wave starts picking up, i start paddling faster. I rounded up certain stocks like after that split in apple. I needed to add shares to get myself to a more tradeable lot size than some of these odd lots after you get through a stock split. You end up with instead of 11,000, maybe you want 15,000 shares or whatever it is they were so accommodating letting us get to those levels thank you for that for the folks that pushed it down there. Micr microsoft was down in the premarket. It made the big turn after people were reacting to the news in oracle and tiktok and then its up 4 there was a lot of constitutional interest in many of the names of those battery stocks are you making a statement here are you making a statement
Damaged two that had a key role in handling virus cases. Officials are pushing for a twoweek lockdown to control the pandemic. The french government is sending right police to the marseilles a rate to enforce mask requirements. Has seen scattered incidents of violence from people refusing to wear masks. Is weren 3000 new cave reported sunday, one of the biggest daily spikes since the country lifted its lockdown in may. The japanese Prime Minister shinzo abe visited a tokyo hospital for several hours today. They say it was for a routine avoidanceck but his and public appearances recently has sparked speculation about his health. He has not held a fulllength News Conference since june and has refused call for a new session of parliament to debate issues like the coronavirus outbreak. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new
Apple is above 467. 77 making it the first u. S. Company to have a market cap above 2 trillion, a discussion a few moments ago about tim cook and how he has led stewardship of the company through all kinds of cross currents josh lipton joins us to talk more about that. Josh, its funny to look at that change of market cap and think back to some of the more cautionary calls weve gotten in the past few weeks from the likes of b of a who worry about margin pressure on phones, margin pressure on services, less impact from the buyback and so forth yeah. Listen, you look at this recent run, carl, obviously they had those earnings in late july that blue past the streets expectation. You saw strong growth in sales of the new low cost iphone sc. You can chalk this recent run to a few big trends one, theyll say listen in Uncertain Times cash is king and obviously apple has a lot of it, net cash position of 81 billion and counting also, that work from home trend is clearly helping apple or at leas