Digital sales. More on that in a moment some hope on the vaccine front as well to mention j j entering trials with 60,000 volunteers though cases rising in many states here and abroad down 450 points. A sharp selloff in half an hour as kelly and frank were discussing on the show well speak with Ceo Marc Benioff well discuss how the pandemic changed business and his thoughts on oracle and tiktok deal plus more walmart is hiring tens of thousands of workers well speak to fubu founder and shark daymond john the stories were watching, mike santoli tracking action, sara with a look at nikes quarter mike, lets kick things off with you. Down 2 on s p. It seems as if really this rolling correction period in september has Unfinished Business to it didnt seem news driven though incrementally coming into the week, weak seasonal patterns a general sense if you were talking about an economic recovery, you werent getting fresh confirmation of that day to day of course nasdaq is in sell the rallies m
with tesla seeing a sharp pullback following a massive year-to-date run sara eisen is with us at nike headquarters in new york for a big interview. good afternoon, morgan. i am here because nike has just unveiled its new olympic uniforms it s all about sustainability. they re made out of crushed up shoe parts and recycled polyester. you can see some of them behind me i ll show you a lot more and i ll speak with the brand new ceo. it s a cnbc exclusive and his first time talking for this big innovation event nike is hosting here in new york that s coming up later on closing bell. i notice mark gilbert, your producers have been tweeting out some of the other things they ve released, including the sweat pants they would wear if team usa wins any medals. right so there s uniforms for on the field or on the courts and then ones for the medal stands as well and we will try to bring you some pictures so that you can go beyond twitter and see them as well but the theme here i
The a package is for 94 billion. Approval was expected. Merkel Closing Party holds a majority in parliament. The head of the vote, she said it was their duty to help greece. Chancellor merkel i know many have doubts and worries about whether thisll be successful whether greece has the strength to criminally go down this road and nobody can wipe beside those worries, but i am convinced of one thing we would be grossly negligent, even irresponsible, if we did not at least try this road. Erik with the promise of help on the way greek Officials Say banks will reopen on monday. They have enclosed for 20 days. As if this fiscal crisis were not hard enough on the greece, a large brush fire erupted near athens and push clouds of smoke into the capital city. Matt federal authorities are not yet pinpointing a motive in the attack that killed four marines in tennessee. Investigators are checking social media and questioning funds of the friends of the alleged shooter, mondelez Mohammad Youssuf ab
Busiest earnings day of quarter. The treasury secretary on the tax rollout. And the ceos of dow chemical and Southwest Airlines in the next 60 minutes. First up, the white house is pushing what it calls the largest tax cut and reform in history. This morning on the today show, the treasury secretary was grilled about how the plan will be paid for. And mr. Secretary, would you be willing to raise your right hand and look at the American People and say, i Steven Mnuchin promise you that this will be revenue neutral and deficit neutral . So right now, were working with the house and the senate. This is now about taking the president s principles and turning them into a bill that we can get passed and the president can sign this year so we can create Economic Growth. And were going to work closely with congress to get this done. So matt, yes, our principles are, we want to pay for this with Economic Growth and with reducing lots and lots of special interest deductions. Ive got to get your
Premarket. Microsoft and intel are moving lower. Weve got a first look at the economy under president trump. It was a weak First Quarter, the question of course is has growth picked up since then. Starbucks out with results, the stock is slipping. A live and exclusive interview with Ceo Kevin Johnson and now chairman Howard Schultz. On the tech earnings front, amazon as you may know by now surpassing forecasts, getting a lift from the Cloud Business. Alphabet also above consensus as mobile search helped to drive ad sales higher. Microsoft and intel beat on the bottom line, but miss on the top line. Jim, theres a lot to get to last night. Last night was incredible to listen to not to the amazon call because amazon said, our cash flow is fabulous. All true. But the alphabet call was about how were not a Search Engine company thats driven by advertising although our advertising is up 50 . They said over and over again as we talked about earlier this week were cloud, were cloud, were cloud