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Yahoo BusinessMay 26, 2020
US STOCKS-S&P 500 futures surge on recovery, vaccine hopes
HBO's new HBO Max streaming service will be rolled out on Wednesday. HBO Max is WarnerMedia's and its parent AT&T's (T) hedge against consumers cutting the cord to traditional cable and satellite services. It aims to establish a direct relationship with its audience much the way Netflix (NFLX) and Disney (DIS) have. AT&T will use its roster of phone, broadband and pay-TV customers to drive subscriptions to the service.Netflix recently reported its largest subscriber surge in years, while Walt Disney Co.'s Disney  topped 50 million users just months after it launched.Top HBO Max executives contemplated delaying the streaming service's launch in mid-March, when the virus started forcing most Americans to stay home, according to Robert Greenblatt, chairman of HBO Max parent WarnerMedia Entertainment.However, Greenblatt said, "It quickly dawned on us that people were watching more television and we thought...‘let's get this thing to the customers.'"HBO's subscriber numbers have been relatively flat for the past several years at around 33 million, and WarnerMedia is betting that the broader mix of programming available on HBO Max will appeal to people who avoided HBO due to its often dark content.At $15 a month, the service will be costlier than its streaming rivals. Netflix currently costs new subscribers $12.99 a month and Disney 's  is priced at $6.99 a month. WarnerMedia had to offer HBO Max at that price, however, because under existing agreements with cable and satellite operators it isn't allowed to make

CANADA STOCKS-TSX futures rise on recovery hopes as lockdowns ease (Reuters Company News)

Reuters BusinessMay 26, 2020
Travel and leisure stocks rejoice on summer holiday hopes
European travel and leisure stocks soared on Tuesday amid reports Spain and Germany would ease travel restrictions, and no noticeable increase in infections were reported during the re-opening of businesses after a two-month lockdown.

Yahoo BusinessMay 26, 2020
U.S. Futures Jump with Stocks; Dollar, Bonds Drop: Markets Wrap
(Bloomberg) -- U.S. stock futures rose with global equities on Tuesday as further moves to ease coronavirus lockdowns in major economies outweighed concerns over escalating geopolitical tensions. The dollar declined for a second straight session.Contracts on the three main U.S. equity benchmarks rallied from Friday's close, with S&P 500 futures topping 3,000. The Stoxx Europe 600 Index jumped, with travel stocks surging on reports that Berlin plans to lift travel warnings for 31 European countries. The U.K. also announced steps toward getting back to business, sending the pound up by the most in almost a month.Japan led the equity advance in Asia as the world's third-largest economy reopened, and shares rose in Hong Kong, which showed signs of stabilizing after weekend unrest. Treasuries slid after the three-day U.S. weekend, alongside Germany's government debt. WTI crude oil advanced to around $34 a barrel on hopes the market may rebalance after historic output cuts.Investors are coming out of the holiday weekend in a risk-on mood, even as tensions between Washington and Beijing continue to flare. China condemned the U.S. for adding 33 Chinese entities to a trade blacklist, but without announcing any retaliatory steps. Meanwhile, Beijing sought to reassure Hong Kong that its judiciary would remain independent under a new national security law.Cutting against the tensions are mounting signs that coronavirus infection rates are moderating. The Japanese government ended its nationwide state of emergency
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