About with joe, andrew and becky and the degree to which walmart can post a 74 increase in ecommerce it looks like the big guys won. You basically had them cordoned off as essential services. So many other companies, little companies, medium, small, just couldnt compete this is what happens when you have a survival of the fittest economy. This is darrwin playing out. These numbers are astounding if the stock had not run up every day, i wouldnt know what to do. Add back 60 cents for home depot and before you start selling it thats the costs they said home depot had to keep traffic back they had to hold back traffic because they were trying to do it safely. Walmart had these big stores, they were set, ready, and their dotcom, ever since they bought jet. Com has been amazing they also can do a lot of food these are Great American companies that are on fire the move in walmart is stunning ever since he decided doug mcmillan, who is on squawk tomorrow, decided to creator the earnings in ord
Getting a new trial. Well have his attorney this morning right here on gma. O say can you see by the dawns and a star is born. The woman whose impromptu performance of the star spangled banner stunned the country. This morning, shes kicking off our fourth of july party in the park with a huge performance live right here on gma. And the home of the brave brave how about that star swain. How lucky are we . She is going to be in central park this morning. Going to be an amazing performance. There they are right there. Everyone is getting ready for the big party in the park. Theyre there for star. Theyre also there for blink182. Weve got it all this morning. Also ahead, millions of americans getting ready to hit the roads and skies. Lets look live now at Reagan National airport in washington d. C. Travelers bracing for big lines. Aaa estimating 36 Million People will be hitting the roads. Were tracking it all on our traffic cams this morning. Ginger is here as well. We have heavy delays. H
Expected. What the whisper, the real benchmark that must be beaten is . No. Its because i have a really bad back and i cant stand carrying all those printed out versions of the Conference Call as i shlep from downtown to my office here in englewood cliffs. Tonight i want to do something different. I want to help you this earnings season. A new way to use earning season to put it in perspective because most of you watching the show are not these day traders that are hijacking a lot of the thinking. Youre not trying to game a given quarter. Its become so difficult to predict and often the initial moves arent even accurate because of the press coverage or because something nasty just occurred in the overall market because of europe or something involved in the election. In other words, other than for those who are shorting or going long stocks ahead of the quarter, these Earnings Reports need a context to make you money. They cant be relied upon anymore because they arent as predictive of
Ultimately either be eliminated as they were in canada, and when they were eliminated in canada, everybody said, oh, my god, its the end of the housing market, and it was hardly a blip. Or it will be cut to deductions on the first 100,000 or something, so youre effectively protecting the middle class. Thank you for this. Yeah, sam, it has been a pleasure having you here today. My pleasure. We really appreciate hearing from you. Sam zell has been our guest host for the last two hours. Youre putting your money where your mouth is. Its all about rental properties. Thats right. Sam. Thank you, appreciate it. That does it for us today. Make sure you join us tomorrow. Right now its time for squawk on the street. Good wednesday morning. Welcome to squawk on the street. Im melissa lee, along with Carl Quintanilla and david faber. Jim cramer is off this week. Today weve got treasury secretary nominee jack lew heading to capitol hill. Lets check on where we stand in terms of u. S. Futures. It lo
How theyre doing at the end of year. I have to tell you, the bubblicious crowd, they were at the top of their game today. Top of their game earlier this morning. When the market looked really soggy only to work its way back on the strength of some better than expected earnings. Allowing averages to rebound before pulling back at the end of the day over worries about a step up in syrian strife. Finish in the red. Dow dipping 73 points. S p sinking. 3 . Nasdaq declining. Im not going to say the market is too high. Thats not the way i think. Thats not the mad money ethos. See, the market is made up of stocks. A ton of stocks. Some of which can be very overvalued and be bubblicious at a given moment. And others, well, they actually may be undervalued at the same time. We witnessed whole markets be completely skitso. Look, take 2000. While the nasdaq was riddled with dotcom bombs and going from 5,000 to 2,000, whatever, kept plummeting, the zch excluding tech turned out to be cheap. Same ma