Disney earnings smashing expectations. With disneyland closedend movie theaters dark, can streaming make up for more bosses ahead . Peloton has been the pandemic diving with a new campaign in a partnership with beyonce. And waitvaccine news times. We will talk about it all later this hour. Amid spiking cases today. The s p 500 sank as new york y prepares for the possibility of closing at schools while chicago issued an advisory, urging residents to avoid leaving home except for work and other essential activities. Abigail doolittle has been following it all. How . Does this impact the markets . Abigail it was a bearish day at the end of the day as investors some of the news around the virus. It is clear it is surging in the u. S. Before we talk markets, a lot of movement after hours. Some of those movers you were talking about. Disney is surging. A blowout quarter. Like so much, it is a story of the haves and the havenots. Media was up 11 . Theou were indicating, studio is down 52 and
Story. Reporter this is part of an online form hosted by the Silicon Valley leadership group. The conversation lasted 45 minutes. Invest time the moderator and dr. Fauci covered a lot of ground. Which means we should be able to get an inkling of whether or not we have a safe and effective vaccine. Sometime in middle to end of november. Beginning of december. Reporter dr. Fauci the nations top Infectious Disease expert told Silicon Valley leaders in an online forum by the end of the year we will know more about a covid 19 vaccine. Im optimistic based on preliminary data from the phase 1 study. That we will in fact have a safe and effective vaccine. If we are successful we will be able to start administering vaccine doses by the end of this calendar year or more likely in the beginning of 2021. For dr. Faucis at the process of getting americans back to take 4 to 6 months. Clinics and medical provider should start planning logistics now. He acknowledged skepticism about the safety of a co
The dow industrial average, remember that apple is a dow jones stock. This loss 220 points roughly at the opening bell, that wipes out yesterdays game. Smp on the downside and nasdaq down about 1 . The loss they are because of tech stocks. The virus is also a negative with severe restrictions on travel and businesses in france, italy, germany and spain. Their resurgence has a stalled not good for us. Youre at home a record i think 882,000 new cases reported yesterday and restrictions are spreading, thats not good for this market. Four days till the election and even joe biden is picking up the pace going to three states today come i will, wisconsin, but will he answer questions about hunter maidan repacking the Supreme Court or the influence the socialist have on his campaign . Politico quoting three sources saying Elizabeth Warren wants to be and is the front runner for treasury secretary. The president goes to three states as well, michigan, wisconsin and minnesota as he frames the e
Is worried about covid hot spot the cold weather thats coming pickup. He spoke today on a panel for the Silicon Valley leadership group. So im concerned unless we do something to turn this around, were going to have a very difficult, very painful winter. Reporter he said universal wears of masks and continued social distancing will help, and so will choosing Outdoor Activities over indoor when possible. No one has an appetite to shut the country down again. Reporter he said he is cautiously optimistic about a vaccine. There are six possibility, five of which are in advanced trials. We should be able to get an inkling of whether or not we have a safe and effective vaccine sometime in mid to end of november, beginning of december. Reporter bestcase scenario, he said, vaccine doses would be ready for public by the end of this year or early next, so it will take months to disemname to everyone. Santa clara Health Officials say they are already look at logistics. Whether the storage and han
Apple beat on the bottom and top. Iphone revenue, the street was looking for closer to 29 million. And mac and ipad beating expectations i talked with ceo cook about that the decision not to offer a q1 forecast saying the pandemic is causing too much uncertainty right now. Saying naturally naturally, iphone, saying they are not seeing the benefit of sales like last year telling us we have a number of tail winds we launched four new models. 5g is a onceinalifetime opportunity. We have a large and loyal base to sell into and in the United States there are aggressive carrier promotions initial data points, cook said, are quite good he talked to us about the stores the vast majority of 500 stores are open, but in different ways. Some as usual, some by appointment only cook said the call is just starting now. I will bring the headlines as they come. Thanks, josh. Guy, no guidance for what should be its strongest quarter of the year what do you make of that it leaves you in suspension suspen