Here are the key news, trends and analyzes that investors need to start their trading day:
1. Wall Street wants to record another positive week
Traders on the floor of the New York Stock Exchange
Source: The New York Stock Exchange
US equities fell on Friday, one day after a mixed session in which the Dow Jones industrial average fell slightly from its previous record high, while the S&P 500 and Nasdaq closed new highs. All three of the stock positions followed for their second positive week in a row, continuing the strength of February. So far this month, the Dow, S&P 500 and Nasdaq have risen 4.8%, 5.4% and 7.3% respectively. The Dow and S&P 500 broke two-month winning streaks in January, while the Nasdaq rose for a fourth month in a row in January.
2. Booming Disney + helps compensate for the slump in the theme park
Bob Chapek, CEO of the Walt Disney Company and former CEO of Walt Disney Parks and Experiences, speaks at a media preview of the D23 Expo 2019 in Anaheim, California, August 22, 2019.
Patrick T. Fallon | Bloomberg via Getty Images
Shares of Disney rose 2% in trading after the market after the company reported an adjusted fiscal profit of 32 cents per share in the first quarter. Analysts had expected a loss of 41 cents per share. Revenue fell 22% to $ 16.25 billion from a year earlier, although it exceeded estimates. As a result of Covid, Disney saw a slump in attendance at the theme park and box office results, but the success of its streaming video service continued. Disney + added more than 21 million subscribers during the quarter for a total of 94.9 million.
3. White House to address travel issues, education
A traveler wearing a face mask will be seen on February 2, 2021 at the Ronald Reagan Washington Airport in Arlington, Virginia, United States.
Ting Shen | Xinhua News Agency | Getty Images
Major airline executives will meet with the White House Covid-19 Response Coordinator on Friday to discuss travel-related issues, according to Reuters. The meeting comes because airlines, unions and industry groups strongly object to the possibility of requiring prior Covid testing for domestic flights.
A 3rd grade class at the Martin Luther King Jr. Elementary School in Southeast Washington, DC, February 5, 2021.
Evelyn Hockstein | The Washington Post | Getty Images
The CDC plans to issue new guidelines on Friday on how to reopen U.S. schools as safely as possible. Pressure to reopen or expand personal learning has been building for months as students and parents get tired of remote classes. The reopening of schools is a top priority for the Biden government.
4. US secures 200 million more doses of Covid vaccine
President Joe Biden speaks during a visit to the National Institutes of Health (NIH) in Bethesda, Maryland, on February 11, 2021.
Saul Loeb | AFP | Getty Images
The White House has received 100 million extra doses of Pfizer’s Covid vaccine and another 100 million Moderna transactions. President Joe Biden, Thursday’s tour of the National Institutes of Health, said the U.S. would have enough stock of the two-vaccine vaccine by the end of July to vaccinate 300 million Americans. Biden is trying to pick up the pace of vaccinations after a slower-than-expected implementation under former President Donald Trump. About 34.7 million out of about 331 million Americans received at least their first dose of vaccine, according to the CDC.
5. It’s the defense’s turn during Trump’s indictment
Former President Donald Trump’s defense team members David Schoen, center left, Michael van der Veen, center, and Bruce Castor, center right, arrive at the Capitol before the start of day three of the Senate indictment hearing on Thursday, Feb. . 11, 2021.
Bill Clark | CQ-Roll Call, Inc. | Getty Images
Defense attorneys in Trump’s indictment are set to begin speaking out about why the former president should not be convicted of inciting the deadly attack on the US Capitol last month. They are willing to admit that the violence was just as traumatic, unacceptable and illegal as the Democratic prosecutors described. But they also plan to argue that Trump had nothing to do with it. The argument is likely to appeal to Republican senators who want to be condemned for the violence without convicting the former president.
– Reuters and The Associated Press contributed to this report. Follow CNBC’s blogs on the markets, the pandemic and Trump’s indictment.