President also tweeted the house and senate should immediately approved 25 billion dollars for Airline Payroll support and 135 billion dollars for Paycheck Protection Program for small business. Both of these will be fully paid for with unused funds from the cares act have this money i will sign now president is now appearing walk back. Comments that he made earlier when. President trump tweeted that House Speaker nancy pelosi is not negotiating in good faith adding that the speaker is asking for 2. 4 trillion dollars to bail out what he calls poorly run high crime democratic states he then asked that Senate Majority leader mitch mcconnell, direct all his before the election into confirming his u. S. Supreme court nominee, amy coney barrett. And tonight, another persons surrounding the president has tested positive for covid19 Stephen Miller, trump Senior Adviser and speechwriter is the latest to be added to that list in a statement miller said over the last 5 days that he had been wor
Tiktok bid jim, we will start with the retail numbers lowes is a good one to start with, its been called depots quarter on steroids today. Look, i think that Martin Ellison has taken a Company Making it anything but an also ran. 35 camp is terrific hes really got finally hes got the e com down Marvin Ellison is a turn around man par excellence and this is an amazing quarter we dont want target to overshadow it too much because i like the stock and i love the fact it wasnt up big early on its a buy yeah. In store traffic or in store comps, jim, up 11, which is different than what we saw out of others. I mean, i guess when you dont have as fierce a web challenge in Home Improvement and you have the stay at Home Rebuilding boom, thats going to add to a couple huge dynamics. Yes, it will. Remember, there was a period where lowes was not digitized enough also didnt really have very Strong Customer service. All of thats changed under marvin he is the last person to ever want to champion hims
Tweet earlier in the hour does suggest that you think these retailers are prepping us for numbers that are going to be tough to replicate. Yeah, i think that they have to, carl they all know that america was flush from the 1,200 check and they also know there is a lot of stay at home people trying to make their homes into an office and a home, and that thats largely passed now, that doesnt mean that you shouldnt buy these stocks because that money went to these essential retailers and now theyre stronger than ever, but i know that if you are if you are at walmart it does not pay to say this is going to continue same thing with home depot i say you wait, let them come down and recognize that these are just so good that you want to be in them. Particularly, say, if a lowes comes down, thats kind of attractive, they report tomorrow look, these are remarkable companies, but they are also given as remarkable companies are to humility and to a respect to the individual investor they dont wan
Did as well in terms of market cap. You can really move if you give the market a beat. Romaine you saw apache rally fall by and conoco about the same amount. This split between Companies Still invested in shale and companies that have more offshore resources. Taylor i still think we should have bought oil at 30 per barrel and stored it in your swimming pool. Romaine right next to the gold. We are waiting for a lot of earnings today. Apple, amazon, facebook, shake shack, yum brands. One of the busiest days of the year right now. As isne gileads outcome Electronic Arts. The 1. 44 expected. Second quarter revenue, 5. 1 billion, that is a slight mess. That company, focused on pharma. Electronic arts. Gaming has been front and center in terms of what we have all been up to. We are seeing Electronic Arts seeing the full year 21 1. 6ngs, revenue coming at billion. Romaine doing well on the quarter and guidance. There is an issue of high expectations. Even as you have adjusted revenue coming i
9 after reporting yesterday afternoon. Lets take a dive deeper into snaps quarter stifels john eggbert and Lloyd Wamsley of Deutsche Bank joins us now gentlemen, you both have buys on this stock, and there was interesting commentary from snap about how theyre expecting lower user growth in the Third Quarter, and theyre also anticipating there will be significant revenue headwinds, even though the first 19 days of the quarter they showed 32 Revenue Growth so jon, tell me, why are you so bullish . Well, im bullish because of the longterm story. And i think that the underlying trends are still intact. On the short term, it sounds like the Third Quarter will have some complications were not exactly sure how much sports well have. Back to school may be limited in parts of the country feature films wont be launching like they normally do, and those are big areas of brand advertising spend that snap and other Digital Media players benefit from in the short term but in the long term, the direc