Diamonds and Dogs
The Federal Reserve coming to the aid of the big banks. JP Morgan (JPM), Wells Fargo (WFC) and Citigroup (C ) are all up over 8% as the Fed joins them to provide aid of up to $2.3 trillion in loans to small and medium size businesses. These moves should help ease some of the burden on the big banks to keep companies operating in these tough times.
Disney + (DIS) is a plus for the company and stock. The company built on social interaction is up 4% to a one month high after disclosing their streaming service subscriptions has soared past 50 million. The previously figure was over 28 million. Disney+ takes on greater significance because the company has stopped production of live-action movies and closed thier amusement parks.
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