Airlines tiktok bids moving walmart is now in the mix. Yes, walmart and that stock is up 5 . Microsoft up 2 . A record close watch for the s p 500. At least 59 minutes left of trade. Anything positive, jon, for s p and nasdaq as we go into positive territory with the new records . Once again. And coming up on todays show. Two key reads on the state of the recovery in america. Well speak with the heads of Regal Cinemas parent cineworld and ihg group about safety and demand in light of the pandemic. And counting down to big earnings after the bell, including dell, gap, hp and more well bring you all of those numbers as soon as they hit. Now straight to the big stories we are watching today. Mike santoli is tracking todays volatile Market Action Steve Liesman and Morgan Stanleys chuten aya are here. And ylon mui has details on the new rapid covid test and bank of america is calling it a gamechanger. Start us off were extending up into record territory a little bit erratic fashion the mark
And im marcus washington. Mike is keeping an eye on the commute for thus morning. Lets get to meteorologist kari hall. Were talking about the lightning and thunder. How soon could we expect to see that . Weve seen it very isolated across the bay area, but were keeping a close eye on the radar because this can detect the Lightning Strike as it happens and then it plots an icon here. As we look at the bay area weve seen a couple places of rain but look over the sierra, a lot of Lightning Strikes as the thunderstorms really get going this morning and thats something well be watching throughout today, that chance of that lightning. As we get a closer look, the good thing we are seeing spotty rain. This is not enough to make a big impact on those wildfires, but the humidity is going up and we havent seen a lot of Lightning Strikes. Ill be watching that with an hourbyhour look. Mike, how is it looking getting out the door right now . Kari, the traffic is light. That light rain may affect fol
Housing starts surge 2ging 22 n july countdown to a record. We are above it right now. But as we have said, we have been there before. 59 minutes until its official will today be the day . I dont know, mike san toll ji not here. If you missed out on the markets stunning rally, is it too late to jump in now . Well ask founder Mike Novogratz for his take and a world of difference. How much the Global Economy has been altered and the challenge thats remain with David Melpass. Lets get to the stories were watching bob pisani is marking the action sara has new details on one of the biggest earnings and bob, lets start off with you. Its technology. There is the tech on the upside. A little Consumer Discretionary. That is amazon and advance auto parts. This the he do very good retailers lagging behind here. Thats how important they are. Those are not typos. Apple, 42 the stocks all major reasons why were at new highs today as for the retailers, yeah, we are at new highs at the open at home de
Ive taken this quarantine times to update a couple of bathrooms. Not. Light bulbs i have always wanted to be handy. These numbers are expected to be insane i did change a couple of light bulbs. They are all different so finding the right one for all the Different Things my wife has, it is not easy. I have changed a couple of them but thats about it. Rising to the challenge, im sure before we get those numbers from home depot, lets start with the overall markets. The s p 500 finished the session just shy of the high just shy, we are talking 4. 15 points away from the record it is sitting at at this point. 3,386. 15 is where it closed. The record from february is 3,393. 52 the record close of 2020 up another 1 to 11,129. Looking at record futures. Two dow components reporting home depot and walmart big numbers expected from both of those dow futures up by 64, nasdaq up by 40 and s p up by 7. Dow component reported 4. 02 a share. Consensus was 3. 71. I noted revenue gain was over 23 . Com
Moves. Deirdre bosa is standing by. First to josh lipton with more on amds quarter josh reporter i caught up with rbcs mitch steeves, an amd bull he calls this a monster beat and raise, nothing negative in the print. Mitch says that he can see full raise to 32 growth, up from 25 growth. Gross margins also expected to expand thats due to the continued strength in server chips mitch saying amd clearly gaining share on intel just talking more about the report and the guidance. Calling for about 2. 55 billion, better than expected, closer to 2. 3 billion they expect 22 revenue to grow 32 . They call out strength in pc gaming and data center products. As for the two big segments in the quarter computing and graphics, 1. 37 billion that would include chips for pcs and graphics chips for gaming. That is the enterprise embedded and semicustom division, better than expected. 565 million that includes chips for the data center and also chips for game consoles and, by the way, tomorrow morning mu