But stronger than expected bottom line results. Those earnings really driving disney higher. Its up 4. 5 on news that disney is bracing its direct relationship with consumers announcing it will show mulan to subscribers on september 4th this is a dramatic change to disneys distribution model. It is sending theater chain stocks lower its building on a bright spot in the quarter which is doisney plus topping 60 million subscribers. Disney now has in total over 100 million subscribers across its direct to consumer businesses. Despite the challenges of the pandemic, weve managed to take deliberate and innovative steps in letting our businesses. At the same time weve also been very focused in advancing and growing our direct to consumer business, which we see as a top priority and key to the future of our company the impact of covid was felt deeply, particularly at disneys park division. The company says it experienced a 3. 5 billion net adverse impact in segment operating income due to cov
Moves. Deirdre bosa is standing by. First to josh lipton with more on amds quarter josh reporter i caught up with rbcs mitch steeves, an amd bull he calls this a monster beat and raise, nothing negative in the print. Mitch says that he can see full raise to 32 growth, up from 25 growth. Gross margins also expected to expand thats due to the continued strength in server chips mitch saying amd clearly gaining share on intel just talking more about the report and the guidance. Calling for about 2. 55 billion, better than expected, closer to 2. 3 billion they expect 22 revenue to grow 32 . They call out strength in pc gaming and data center products. As for the two big segments in the quarter computing and graphics, 1. 37 billion that would include chips for pcs and graphics chips for gaming. That is the enterprise embedded and semicustom division, better than expected. 565 million that includes chips for the data center and also chips for game consoles and, by the way, tomorrow morning mu
On as wave after wave after big retailers decides to require them but one prominent retailer says no to mandating masks. This battle becomes more complicated by the day. Beverly hallberg has been a target in this war. She is here to share her thoughts. All that and so much more on making money. Finally here, right, the lazy hazy days, the summer doldrums,less volume, tighter trading ranges. There are trends and events that promise us fireworks. The rotation trade making its second attempt in as many months as value has perked up and profit taking in those monster growth names intensifies. How ironic that these names might have pulled back so quickly, they are already attractive. So buy value or dare i say buy oversold big tech names . Let me bring in Wealth Management president rebecca walzer, along with distributors vp. Coming into the session some of the biggest 2020 winners have lost a lot of ground. Tesla reversing but down a lot from the highs, intel, docu serve, amazon, adobe, th
Euphoria and in disappointment. And the child is creating monster swings like ive never seen before. The cramer covid19 index on the news the astrazeneca vaccine, the trial didnt produce something that would save us immediate immediately. The stock got hammered and the stocks that benefit from the pandemic surged. The dow advanced nine points and the s p gained 4 but the tech heavy nasdaq filled with cramer c covid names. Amazon went up tesla up 142 shopfy 81. Yeah, i didnt make up thats real thats real money. Or it can be in an x fund. Childish buying behavior but that doesnt mean its wrong there is a lot of money put to work every day based on coronavirus and that made the action binary and the vaccines take so long so it doesnt go by at home stock, go buy amazon like everybody else. What happened today . Consider the news about the as t as tra seven astrazeneca vaccine. Safety phase one it created a positive immune response meriting further study. These larger trials are happening n
Apple. Josh lipton has the latest reporter apple says the stock split is to make the stock more accessible to a broad base of investors iphone revenue is blowing past expectations 26. 4 billion. I did have the chance to catch up with apples ceo tim cook we talked about those iphone demand trends and the mix in the quarter. Cook telling me iphone 11 is the most popular iphone and we had a great launch, he says, on iphone se during the quarter. It was also very strong, an uptick in switchers, meaning android switchers, that we were happy to see and the iphone se is clearly helping with that i asked cook about those broader work from home trends, how is that benefiting apples products and services during the quarter. Cook says it definitely is, it definitely has boosted, cook saying, mac and ipad, we see those picking up for productivity weve son several school buys of ipads. We have the strongest lineup in both mac and ipads than weve ever had, a combination of those coming together at t