Good morning, welcome back to squawk box right here on cnbc this morning. Im Andrew Ross Sorkin along with joe kernen and kelly evans. Becky is off today lets show you where futures stand at this hour maybe 12, 15 hours after President Trump returning to the white house. The dow looks like it would open down marginally about 63 points off, nasdaq off about 83 s p 500 off about 15 points. Lets also show you treasury yields as we speak, well show you the ten year yield right now, you are looking at 0. 763. Meanwhile ill pass it over to kelly. Thanks for joining us this morning. And youve got the news on President Trump. And before we get to that, joe, we were just joking about, you know, you and me we could banter and we were in studio and andrew wasnt and now, you know, were all no, you are in studio still im still here. Ive been here since april and i like it here there is no delay. Is that are you wearing orange or that red i think that were in sync sort of yeah, it was an orangey red
A virus lockdown winner has emerged. Its walmart. They have had the advantage of remaining open and they finetuned their delivery and pickup services. They have done very well. Look at this. Same store sales, up 10 . Huge. Sams club sales up 12 , even bigger. Ecommerce, now, this is a big one, up 74 , online sales. That is remarkable. The stock, we are quoting premarket now, the stock is up nearly five bucks, 3. 8 . Okay. This is going to be a live action day. Two top money guys head to capitol hill. Speaker mnuchin, jay powell, they will be discussing what they think still needs to be done for the economy. You want my opinion, please give us Liability Protection. The president addresses the nations farmers. What do they need and whats with the Food Supply Chain. We will carry his speech live. Thats in our 11 00 hour this morning. Then theres the market. After yesterdays 900point gain. That rally followed encouraging news on a vaccine from moderna and the rapid reopening of the economy
Explain details on what it means grant type am one thing to be clear on here this new order does not mean that the bay areas going to be under a lockdown for the next 3 weeks with everyone. Stuck in hall the legal order only limits activity travel and business functions to what they call essential needs so what is an essential need right you will still be able to go buy groceries. You can go pick up prescriptions you can put gas in your car. All of those businesses as well as banks, well be staying open city and county Government Services like police fire hospitals a lobby open trash will still get picked up Public Transportation will be running. Also Mail Services will go on plumbers electricians will still be working Hardware Stores and laundromats stay open oaklands mayor libby schaff added that the shelterinplace order should give everybody a chance to look after one another. We also encourage you to go out doors and utilize our parks just keep a healthy distance from other people.
Chief scientific advisor, patrick valans. From the beginning of this crisis i followed the advice of our world leading scientists to defeat coronavirus by taking the right measures at the right time. What Everybody Needs to recognize is that our n. H. S. Like any World Class Health service, has only limited numbers of doctors, nurses, and specialist equipment. So the more people who become sick at any one time, the harder it is for n. H. S. To cope. And so its vital to delay the spread of the disease and reduce the number of people needing hospital treatment at any one time. Thats why we have given the clear instruction that people must stay at home unless they have one of the reasons we set out. And with your help we will slow the spread of the disease. I want to thank everyone whos been following the clear rules that we set out on monday, and i want to thank everyone in nhs, the frontline of the fight against coronavirus, and of course all our public services. Our teachers and our sc
Still ahead your forecast rob. Thank you john so far traffic has been light and quiet around the bay area. Weve had some minor issues but nothing major awful we dont have any hot spots or alert. Were checking in on westbound 80 the trip into San Francisco looks really good. It should be light once again today its in so many folks are working from home so 7 minutes off to fremont street. Heres the richmond sandra fell another good commute its easy heading to the north bay 8 minutes for your drive. 92, it is a little crowded so the trip here leaving hayward well be a little sluggish on the flat section but no problems heading to the peninsula. Heres a big traffic tracker were checking more freeways and drive times and they. Look good so far were looking at 10 minutes here for 5. 80 westbound from livermore to dublin, 6. 80 south dublin to fremont is trouble free. I dont see any trouble spots for the nimitz freeway right now so that ripped through hayward san leandro union city will be fi