More than a 1000 toward Virus Testing kits are on their way to california our Capitol Bureau reporter Ashley Zavala has the update. Hundreds of coronaVirus Testing kits are heading to california as the Officials Say thousands are still under surveillance for the coronavirus the department of Public Health friday said it set to receive an immediate shipment of up to 1200 kits this comes as california used up most if not all of the 200 testing kits the cdc had initially said the state before the federal government promised to send more page and make sure there are plenty of the test kits available california congressman ami bera lead a hearing with the director of the cdc this week in washington fired she she director west. South korea is just good game faos and people j theres no reason state shouldnt be able to produce a large number just gets and get them distributed across the country exactly how soon will get to california is still unclear what told the she she will have more tests
Deal reshaping the storied Investment Bank, Morgan Stanley Ceo James Gorman will join us in the next hour. A mega merger, increases the projection of expenses saved and the guidance which well get into, as well. Giving up control of victorias secret selling a 55 stake to siycamore and stepping down. Well start with the deal of the day. Morgan stanley agreeing to acquire etrade valued at 13 billion. 58. 74 a share three months after schwab and Td Ameritrade announced a merger deal a lot of discussion of why not robin hood an enwhat it means for the sort of the framing of their Wealth Management business, jim. It is kind of amazing about 5 million accounts, maybe more robin hood with 10 million accounts in no time they were land speed record for accounts their success is driving everything they have the millennials. They have a different orientation. They have the easiest site to use. All hand held. Theyre racking up customers i have had robin on a couple times. Theyre the biggest threat
Thank you for reminding us it is tuesday. I nearly said monday. Just about caught it. Lets check on Global Markets this tuesday morning. A muted session overseas as well look at u. S. Futures right now. They are indicating a higher open, which would technically mean a new high for the s p 500, which right now is up about 4 points in premarket trade. Dow jones seeing a gain of 40 points. Nasdaq up just about 12 points here in premarket trade. I think the story from last week was the trump reflation trade was back. We got between 1. 5 to 2 of gains. The bond proxies underperformed, and banks led the way. The one part of the trump trade that did not take part was the dollar, which we can come into more detail later. Lets look at the tenyear treasury note. Yields spiked in the middle of last week. They did settle by the end of the week. For the week as a whole yields were up. They did rise late friday and over the weekend, 2. 45 the yield there. Patrick harker the latest fed member to add
Big day for retail. Walmart announcing the best quarter in more than four years. Home depot beating estimates. Kraft drops its 134 billion takeover bid. Irene rosenfeld will join us later. New records. The dow up more than 4 since Inauguration Day. How long can the trump rally last . First up, walmart reporting a better than expected quarterly profit. Revenue just shy of consensus. Online sales up 29. Home depot beat its Quarterly Results. Boost the dividend. Macys posting a revenue miss earlier on squawk today. The ceo addressed speculation the company is up for sale. First of all, youve heard it talked about, rumors of the Company Buying us. Yes. Youve also probably heard the rumors that were buying them. Yeah. So what i can tell you is this, that were going to do the right thing for our shareholders and were not going to be a highly leveraged retailer. Those movies never turn out well, and weve seen that before. A lot to chew on here. A lot of discussion as far as macys goes as far
Cramer at the New York Stock Exchange. Stocks set to open the highs of the year with a nice wrup side surprise. Upside. And oil up. Tenyear remained huddled around 2 . The market alltime highs. S p within striking distance. And dow, 18,000 yes, back within reach. American food giants getting hit this morning, well have more on kraft, kellogg, conagra and campbell soup. And jack ma fired up his employees with quote, we havent been that satisfied with our results. The dow looking to bounce back to 18,000 s p is within striking distance of that record closing high. The Economic Growth in the eurozone it accelerate in the fourth quarter. German gameday up 2. 7 on an annual basis. Athens is up 4 . The highest since december jim, were going to get this done . Oh yeah it will be done. A stretchout. First about six points and then lengthen ma turitymaturity. You could say its kick the can down the road. Spain, i like the turn there. The doubledigit gains in europe. Of the cisco talked about do