People gather at the entrance for the New York State Department of Labor offices in Brooklyn on March 20, 2020. The Federal Reserve estimates that 47 million people could lose their jobs before the COVID-19 crisis ends.
Andrew Kelly | REUTERS
This is a live blog. Check back for updates.
7:50 am: Disney shares jump premarket after Disney+ tops 50 million subscribers
Shares of Disney rose more than 5% in premarket trading after the media company said that Disney+, its new video streaming service, now has more than 50 million subscribers. That’s almost twice as many as Disney reported on February 4, when it said in its first quarter earnings report that Disney+ reached 26.5 million subscribers during the quarter. The jump has been driven by global stay-at-home orders, as well as the introduction of the service in India where 8 million people have signed up. While Disney is benefiting from more people being home, the stock is down about 30% this year as the company has been forced to close its parks. —Fitzgerald
7:48 am: Jobless claims expected to jump by 5 million
7:42 am: Dow up nearly 30% from March low
The recent rally in stocks