Shares of pharmacy giants are under pressure after amazon said it was jumping into the Prescription Drug business bowe is off a little pour than 100 points nasdaq and s p clinging on the gains. Coming on todays show, retail earnings season full swing. Shares of coles are higher after topping eps estimates this morning. We will talk with the ceo. Plus, as the u. S. Is seth coronavirus records we will talk with dr. Eric gooseby. All of that still to come. First lets focus on the big stories today. Mike santoli is tracking the market phil lebeau has more on teslas spree into the s p 500 and we will talk about the pharmacy space and amendss move into it. Mike santoli lets start with you. It was the morning was off the lows a mild pullback. Market seemed like it needed to cool off and rest for a day. Right now riding the upper rail here we close at a record yesterday remember that. Above 3600 working below week ago mondays high hard to tell whether thats going the matter or not. Thats about
Welcome to squawk alley for your wednesday morning im Carl Quintanilla with julia bore steen, mike san tolely with us for the hour dow is lagging down 60 jackson hole tomorrow, of course, were watching hurricane laura, the retailers but mike, crm, continues to astound. We thought 20 gain was impressive its now at session highs of 27 today alone on what bloomberg called the best revenue surprise in a decade. Yeah. Its pretty remarkable obviously the results themselves are emboldening people to say that this was as expensive as the stock has always looked undervalued or misvalued or didnt appreciate the durability of what theyre doing on the market share side of things for the longterm. What is interesting, too, if you look at it compared to some of the other software bell weathers over the last couple years, as big as todays move is, its kind of a catchup if you look at how microsoft and adobe in particular their anointing crm into that class inpenetrable areas that seem like theyre goi
Insurgent uprising mozambiques troubled road to becoming the worlds biggest gas exporter an epic battle the challenges apples grip on a drop store and the rising prospect of a currency war with the Mighty Dollar sink counting the cost on aljazeera. I am to me i can feel what a strain the United Nations has declared its attempt in the International Date take education from the time because around the well there were 75000000 youngsters who live in countries that i mean crises which means that their education is in jeopardy what does that even look like unesco put together a video where the kids need to reach out to school take a look. On the screen we are Marking International day to protect education from attack by talking about nigeria and Northern Nigeria and the chinese for youngsters there have a great education i will not be doing this alone and say hello to rosie rosie introduce yourself to our international audience. Good afternoon my niece lisa you have a filmmaker also a journ
The month higher for all three major averages. Again, we should say. But apple today not keeping investors away. The iphone giants earnings crushed it during the covid quarter. Apple hitting a new record high briefly, becoming the worlds Biggest Company after its stock split. We have a full recap of the tech titans earnings parade. It was Something Else. And one of the most widely followed economists on the planet is here to put this wacky final week of july into perspective. Mohammed elerian on the record evaporation of Second Quarter growth, what that means going forward. Plus, the Online Shopping boom creating another covid winner. Overstocks ceo Jonathan Johnson on his companys pandemic sales and nearly 1,000 pop in his stock since the start of this year. Plus, the latest on stimulus negotiations, President Trump is maybe campaigning in florida and charlie breaks it on a possible tiktok spinoff. Less than an hour to the closing bell, im Cheryl Casone in for liz claman. Lets start t
This is a student led demonstration that began at mission high at 4 00 this afternoon. And they made their way a half mile from mission high and misdolores park to the Mission Substation at 17th and valencia. They have been out here for a while. They are loud. And they are at times applauding the Police Officers. We want to show you a piece of video my photographer shot a little while ago. It is of a San Francisco Police Officer taking a knee with the crowd here at 17th and valencia. It happened once again several more Police Officers who were also taking a knee and there was a huge uproar of applause from the crowd. T can see, they are chanting hands up dont shoot. It is a very loud and boisterous crowd, but very peaceful at this point, have not seen any problems from my vantage point. That said, there are a lot of boarded up businesses along valencia. Along 17th, 18th, 16th. Recall through the mission right now, with concerns of potential looting happening when the sun goes down. But