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
Even home depot, which was great, is lower, as the whats next is the question that we have. With stacy witless, fw retailer advisors president. Also night one of the Democratic National convention saw democrats ripping it up President Trump with tough words from former First Lady Michelle Obama and bernie sanders. Let me be as honest and clear as i possibly can donald trump the wrong president for our country. He has had more than enough time to prove that he can do the job, but he is clearly in over his head. He cannot meet this moment. He simply cannot be who we need him to be for us. But let us be clear. If donald trump is reelected, all the progress we have made will be in jeopardy. And its most basic. This election is about preserving our democracy. Alix joining me now for more is wendy jennison, Bloomberg Politics editor. What was your biggest pic for tonight and how does that set us up for the dnc tonight . The biggest takeaway from last night was the effectiveness of Michelle O
Thats what we are trying to achieve. Roche sees profits and sales fall in the first half but a turnaround has already begun helping with the full year outlook. Since june and now july, hospitals have opened again and patients are returning to hospitals. We see our sales recovering. Thats why we returned our initialo initial outlook. Sales of unilever as sales of ben and jerrys and more in north american sales the outbreak continues to weigh in many markets. I would say latin america is in the throws of it. We are seeing significant increase in africa and south asian continents topping the stoxx 600 sending shares in the french ad firm and the british rival wpp higher a very warm welcome to strooinz lets kick off what we heard from roche maintaining the full year outlook. Blaming the 4 slide in sales and 5 contraction on the decline of net hospital visits due to the coronavirus pandemic. Telling cnbc earlier that company has started to see hospital visits recover. You had seen a strong
4 10 of 1 . P at one point, it seemed boe was taking rates off the table. We will break down the relationship between monetary and fiscal policy. Rocket ipo listing today. Couldpment on a vaccine upend markets. We just had headlines from President Trump which says a vaccine could come around november 3. Risk, lori, all of a sudden we get a vaccine and we get a shakeout . Sector,u look at tech including internet retail, performance relative to broad s p trading in lockstep with trends in the new virus case count. As we see that level off you have started to see wobbles in the tech trade which is fighting back and maintaining dominance. Rumbling has occurred. Worried we might be in a situation where bad news is good news. Good news on the virus front could be bad news for the market if it causes anchors to fall. Moment that be the would that be a moment you switched in a sustained way in the value trade . Lori the vaccine may equal value temporarily. About peoplecerned trying to make a b
Online with doctor Danielle Ofri. St. Louis oldest bookstore is turning 51 years this year we would like to thank all of our supporters, and everyone for the outpouring of love for our bookstore. With the Current Situation are still bring you the things you love most with terms like a pickup and delivery to anywhere in the world are series are virtual we have a way to expand your mind and bring new thoughts to make the world a better place bird we hope you enjoy this event we hopefully will purchase a copy for you and all of your friends. We went to keep our books and staff here so thank you so much for your support. We will taking questions from the audience if you type your questions in the comments and everyone on facebook be sure to like us you can see whats coming up. Can also comment on the watch party 70 here and watching. People go into the medical system they go there thinking its the best place possible. They made enormous strides for suffering but theres also no doubt that t