A couple of days on the holiday and we are seeing assets catching down, what weve been seeing most of this week. The csi 300 down. 6 . A lot of focus has been on the renminbi. Fixed slightly stronger, but marginally. Perhaps it has limited the volatility. Weve seen implied vol spike for the offshore renminbi. We are seeing a bit of spread between the onshore and offshore. The onshore at 7. 0 632. We are watching hong kong as we slowly return back to normal. Weve heard from carrie lam that they will open gyms, theaters, massage parlors. 123 in hang seng, up points. U. S. Futures, still heading lower and nifty futures. We will see it seems more troubled when it comes to the indian reopened. And theylot of brawls are slapping a huge tax on liquor sales too. Tom lets get more on the Market Action with Mark Cranfield in singapore. The question of the day on the mliv is how important is trade for these assets . 10 investors look past the tensions between beijing and washington . Maher it wil
Theaters and live sports shut down. At eng me, analyst marketer. The big headline is that disney is planning to reopen shanghai disneyland on may 11. That is certainly a big symbolic step. What is your headline take away from these results . Disney is willing to open up these parks early in order to preserve revenue. Shanghai disneyland is a relatively small part of their overall parks business. The park in the u. S. The parks in the u. S. Are likely to remain closed or seeing significantly diminished revenue for the foreseeable future. Emily lets talk about the other parts of the results. You have movies, espn, disney plus, which is really the bright spot. The said at the end of quarter, they had 33. 5 million subscribers. But they released an updated number, that they surpassed 50 million subscribers. Walk us throughout much disney plus can buoy them through this time. Eric looking back to when they announced disney plus in 2019, they gave a guidance of about 60 million to 90 Million
Fresh data from ice on home prices and supply and how were setting up for the important spring selling and buying season and thats coming up, but first, lets get a check on the markets overall which are relatively mixed and were flat for most of the major indices and the dow is up 0. 1 near session highs and we were down much earlier in the day and the s p 500 just about flat on the session and the last trade, and the nasdaq composite 16,250 thereabouts off 0. 2 . Meanwhile, check out whats happening trendwise for many of the Regional Bank out there and basically green across the screen as people are starting to see some signs of value out there and perhaps getting a mean reversion trade and Short Covering and people taking out some of those bets on the down side and taking profits there. On the Regional Banking side, you can see the etf is doing relatively well and Zions Bancorp will be taking on the s p 500 this month and the up oncommunity bancorp is up three bucks a share on the bi