Good Tuesday Morning welcome to squawk alley. Im Carl Quintanilla with jon fortt. Its a mixed fwoog day retail earnings, amazon pharmacy, covid19 restrictions, fed speak. Were going to begin this morning on capitol hill as both Mark Zuckerberg and jack dorsey testify before Senate Judiciary on censorship, suppression, and, of course, the 2020 election our Julia Boorstin is monitoring this and can tell us what happened so far. Julia . Well, carl, senator Lindsey Graham focusing on what he sees as a need to revise section 230, thats the rule that protects social media platforms for legal liability for content. He says facebook and constituenter wetwitter were making editorial decisions and far more transparent standards are necessary. He called out the Mental Health risks associated with social media use. On the other side of the aisle, richard bloomenthal, he is calling for breakup of the platforms. Mark zuckerberg supports change to section 230 dorsey pointing out they need to walk a f
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
Nice pop after yesterdays disastrous performance, but still, you cant call any kind of victory within the crude market. Time now for todays top market moving news from our washington and new york bureaus. Congressional republicans and democrats are preparing for a fourth round of stimulus. Joining me is kevin cirilli. The ink hasnt even dried on third stimulus package. What are we talking about for phase four . Kevin kevin i was speaking with sources on both sides of the aisle, and the conversations are starting first and foremost on where the holes are left as a result of the latest round of economic stimulus. They want to see how quickly they are able to get liquidity to businesses, as well as to americans as they are expecting these paychecks in their account. The second part of this is likely going to be in the Financial Services sector, as well as other industries that have been pummeled as a result of this. I wouldnts bait that now, lawmakers arent going to begin talking about th
Agencies say on sanitary conditions at a refugee camp risking life. And run on it imitates life with many of us staying home streaming services see a rise in demand for one democrat lated content. And sport the had a european football admits that many european seasons may never be finished alexanders friend says if no play is possible by the end of june competitions could be declared void. Well its now 1500 g. M. T. And we start in the United States where corona virus infection and fatality rates are rising fast and now the countrys foremost Infectious Diseases expert has given his project prediction of just how bad things will get dr anthony felt she says they could be between 10200000 deaths in the u. S. And millions of cases he authored the prognosis as the federal government considers rolling back some containment measures well in europe spain recorded and another 838 deaths on saturday thats a new high its infection rate however was loa and china which has been reporting significa
The u. S. Senate and on this tuesday scheduled to hold a brief pro forma session. No votes are typically scheduled during these sessions. Lawmakers meeting every three Business Days during their district work period and legislative work expected to resume on monday, september 9. This is live coverage here on cspan2. The floor of the u. S. Senate empty on this tuesday morning. The senate remained on their summer break, but during the break they hav had been holdingt are known as pro forma sessions, typically brief gavel in cavil at sessions. No votes are typically scheduled during the sessions, and as we await the start of this pro forma session which was expected to begin at 10 00, we are now 10 12. Live live coverage of the senate here on cspan2. We are Still Standing by with this live picture of the use senate chamber. The Senate Schedule told a brief pro forma session that was set for 10 a. M. Eastern. Obviously running a little bit behind. The Senate State Work Period continue. Law