Airline stocks are popping after the government gave approval to a different way to disinfect surface onz planes american, united, delta, theyre all up 8 or so. S p 500, nasdaq set for a record close. With he have 59 minutes left of trade. Brian, good to have you onboard. Yeah. Good to be here on a day where there seems to be a lot gf news. The markets are powering higher again. We have a long way to go two hours. Coming up, you remember herbalife. They sparked wall streets most epic battles on the Halftime Report it is reinvigorated, more than doubling from the march lows and our interview with the ceo is coming up later on. Were going to be joined by Penny Pritzker and ask her about the democrats economic platform and how a Biden Administration would tackle the coronavirus are your taxes going up . Were going to ask her directly. Right now lets focus in on the big stories that were watching to day mike santoli, as always, watching all the Market Action joining us to talk about the la
Good Tuesday Morning welcome to squawk alley. Were with you for the hour, what a fascinating market day, john walmart and home depot tickiki things off then for awhile there a bit of a tumble the dow briefly at its biggest loss plenty of dynamics to watch as we watch the retail earnings and the progress on stimulus big stocks and big tech in particular apple is fractionally higher amazon perhaps riding that retail news overall. Up better than 2. 5 . Alphabet up about a percent. Microsoft lower, and then there is oracle. In the news because of this tiktok bid, perhaps, carl. I dont know if there is anyone not bidding for tiktok lets start off with exactly that as a source tells cnbc that oracle has entered the race to buy tiktoks u. S. Operations. Walt, you know what my first take was on this microsoft was telling this story about their focus on the enterprise now theyre bidding for tiktok and oracle, how does it facility them at all . Does everyone just have to have a look microsoft ba
Just for us. Its for. Beethoven his truck. Is for. Straight talking 202250th anniversary. Its a 20 Year Old Company thats never brought a Product Market German Biotech Firm cure vaca is now an investor darling as it races to develop a covert 1000. 00 vaccine will talk to its c. E. O. Also on the show wired hard gets the boot from germanys blue chip index its a place that might surprise you. And well look at an unsuccessful business idea from someone who hopes to take advantage of pandemic panic buyers. Into the show im susan busy in berlin the coronavirus pandemic is reshaping the biotech industry investors are piling into small often unproven companies in hopes they can produce a vaccine in the coming months those companies in turn are spending big to expand production for vaccines that are yet fully tested or certified its a gamble on both sides for both investor and company and reflects the urgency for a vaccine as well as the potential to make money. Gem in Pharmaceutical Company c
Have you with us the coronavirus pandemic is reshaping the biotech industry investors are piling into small often unproven companies in hopes that they can produce a vaccine in the coming months those companies in turn are spending big to expand production facilities for vaccines that arent yet fully tested or certified its a gamble for both investor and company and it reflects the urgency for a vaccine as well as the potential to make money. German Pharmaceutical Company cura voc 20 years old 480 employees and it dreams of change in the wild has its sights set on the most sought after of prizes a Coronavirus Vaccine and the newly listed company is making progress when went public in new york on friday it shares rose 249 percent during the 1st day of trading those who go to an alley may have struck it rich. Cura back is just one of many corporate vaccine hopefuls 170. 00 companies from all over the world including the us china japan the u. K. And india are also in the race. Last week r
Results of bad well crunch the numbers also coming up well talk to an expert about the challenges of financing a corona vaccine for the entire planet and and few offices of spooky sign of the pandemic but could it become the norm Companies Make big savings and we get to work from home. Ive been physical and lets see business British Oil Major be paid last 16800000000. 00 in the 2nd quarter as the coronavirus crushed demand for crude its the worst Quarterly Report for b. P. Since that Deepwater Horizon Oil spill a decade ago prices for crude have tumbled by a 3rd these year b. P. Says the prospects for a quick recovery are uncertain the collapse comes as big oil faces existential questions of a Climate Change in response to invest the pressure of b. P. Has announced a new green strategy to ramp up its investment in renewable energy. Oil prices havent been this low in a long time a Coronavirus Crisis so factories close around the world travel was bad and Global Demand naturally plummet p