Highs. Coming up a busy news day, and a series of big interviews as well. The ceo of gap, jonah snngal, her first interview since taking the job in march talking about the post covid lavin escape and the partnership with kanye west. Plus we have patrick frisk with his partnership with steph curry. We will discuss the fierce competent anything footwear. And salesforces deal to buy slack is expected to be announced today after the bell we should get those details. And sales details also out after the close. Looking forward to that. Slack up a little bit today. Lets get to the Market Action mike santoli is tracking it. As stocks moving higher but off the highs of the session. For three weeks they have been mostly sideways around the recent highs right now we are a little less than 1 above the intraday high from november 9th. Est that was the day the election was called. Then you had the vaccine from pfizer that was right in here intraday high. At a record. 67 above the march 23rd low righ
To not make haste good friday morning welcome to squawk alley. Im Carl Quintanilla with jon fortt. Morgan brennan heads our coverage at headquarters bulls trying to hold the bounce after the worst day for stocks since 1987 the five Big Tech Companies apple, facebook, alphabet, amazon and microsoft lost more than 400 billion in value on thursday the treasury secretary Steven Mnuchin joined us this morning on squawk on the street. Take a listen. The president is looking at a major stimulus package whether its through the payroll tax cut or through another means of delivering liquidity to hardwork americans, weve announced what will be about 200 billion of liquidity through delaying irs payments, so hard working americans who have tax payments due or small or medium sized businesses can delay them i can assure you we will use whatever tools we need to make sure that the industries impacted by this get through this this is a shortterm issue it may be a couple of months but were going to ge
Good thursday morning im Carl Quintanilla with jon fortt and Morgan Brennan dow, s p, and nasdaq at highs. Well be watching for dow 29k here names like facebook awfully close to an alltime high, fall bet, apple, microsoft going back to their ipos. We could use yoosome insight fr you today, bob whats behind this rally why is it so powerful . Is the street behind in their numbers . We think coming out of twooi2019 the nasdaq was up about 39 . But we were coming off an artificial dip, so maybe look from october 1th to the end of 2019, that dip is more like 15 . Strong year, dont get me wrong, but not as anomalous as some would think. A goyear stack basis, how have we done, up about 30 , growth rate of about 15 . Once again strong, but not anomalous. You mean in line with historical patterns. Exactly right you think about the impact of the averages from apple, facebo facebook, microsoft, of that 35 growth theyre about 15 points of it. Pull them out, it would be a 20 growth again great, str
Live from studio b at the nasdaq lets begin with another monster night of earnings. Amazon, ford, intel and chipotle we have full Team Coverage phil lebeau, kristie unanimous partsinevelos, and kate rogers standing by. Deirdre bosa has all the details on amazons quarter. Yeah, so, mel, the street just wanted more from aws, amazons cloud unit. The analyst call kicks off in 30 minutes, but i did have the chance to talk to the cfo just a few minutes ago, and i asked him if he could say whether aws growth has bottomed. He said he wouldnt characterize it that way. That theyre in a delicate situation and while cost optimization work is starting to slow, he said there are still companies that are joining that effort and thats really when the stock turned and gave up the gains its really disappointing for the street, which wanted to hear that that stratrajectory had tu. We had mixed messages from microsoft and Google Google said something similar that customers are still optimizing, and thats
Upper 70s and upper 80s around the bay. 82 in haywood. 68 in San Francisco. In the north bay, warm. 93 in santa rosa. Today is a spare the air day. When i come back i will look at the air quality for your neighborhood and talk about how long the heat will last. Good morning. We are looking at a commute where traffic is going to be busy if you are driving on some of these areas. The bay bridge toll plaza is already packed coming in for a 10 minute delay before you make it onto the bridge. Almost 15. No problems on the span itself. Were also looking at slow traffic on 580. A couple of earlier wrecks. Nothing major but traffic will be slow. Is also slow on 680. 680 looks good from danville down to san ramon. In san jose, northbound 280 looks good. It is light so far in the south bay. The wildfire burning south of carmel in Monterey County has grown to more than 16,000 acres. Firefight is far from over. Janine de la vega is live from the firefighters race camp in salinas with an update. Re