You cant when the nasdaq is running like this. A 7 gain in index, you almost have to realize everybodys price target has to come up. Its baffling and confusing people who are not in the stock market but making a lot of sense to professionals who realize oh, my, god to chase. Yeah. Banks will get jp morgan tomorrow theres a lot of discussion about the commentary will matter more but also the idea that because of where estimates are, you could see some upsize to prizes another upside out of bsf. Jp morgan, the whole group is insane Goldman Sachs goes from 190 to almost 210 its almost as if people said, find me something that is not crazed my issue will be loan losses and possibly dividends and i think a lot of the chatter i listened to wilf this morning but a lot of the chatter is if people are getting more stimulus and money is being pumped in, why should these Companies Pay their dividends . I personally think theres no problem but that wells fargo dividend news shook people up. Hey, c
The dow is looking for about a 300 point gain right there at the opening bell. S p up about 34. Look at that nasdaq go. Technology is doing well, up 104 points. Thats premarket for the nasdaq. Now, lockdown winners. Clearly emerging. Lowes, the Home Improvement people, headquartered in North Carolina. Profit up 28 . We stocked up for the lockdown. Target, they really organized their online delivery and store pickup operation, lumped together under digital sales, up a whopping 141 . Walmart, same story. Stockpiling helped them, too. Amazon, kings of the online selling business. Boy, did they clean up. The stock is near a record high. And the netflix, well, they are the kings of the streaming business. What else are we supposed to do when we are ordered to stay home for weeks on end . There are a lot more virus winners and we will go through them throughout the show. Meanwhile, the revolt continues all across the country. Businesses are defying the authorities and opening up despite the
29, 30. And thats what were going to hold it right now. A maximum of 30 people were allowed in initially. William pham was first. He says the people waiting were getting a little frustrated. At first it was okay. Maybe when it gets closer to go, it got a little hectic. Shop. 31 and 32 had to wait until two customers left, and they were not happy about folks in line standing so close. Were not going make foolish decisions. Were going stay our six feet. But thats on them. The Sneaker Store was the only really busy business inside. Masks ma. The food court is open but some chairs have been removed to keep diners farther apart. The mall itself is open, but not every store inside the mall is open. The general manager tells me about 50 are still shut down. And some of the big chains like jcpenney and macys, they all reopen next week. But locally owned businesses like slime world, yes, they do make custom slime for kids parties and the like are open and prepare fog see regular customers again
Pound hole in its bottom line. Auto aid renault struggles to restart production amid faultering demand mixes messages from the hill was fed chair and secretary mnuchin give different assessments of the speed of the recovery they also seek to defend their stimulus measures from accusations they are propping up wall street at the expense of main street. Main street is in a class by it self really. Diverse small, medium and Large Companies different credit needs, some credit based, some asset based. It is a really complex undertaking. A warm welcome to the program. Lets kick off with the top corporate story. Marks and spencer has reported more than 20 decline. The company added that it with also accelerate a restructuring effort aimed at trimming costs during the pandemic. Lets get to steve who joins us outside an m and s store in london theyve been struggling to restructure for years now. Is it going to be different this time around . I hope so a lot of us have an historical knowledge of
Governor hi sarah good morning. Marty good morning. Yeah, lot of restaurants here in San Francisco have been trying to thrive and survive off take out in delivery while others have just not even been doing that all these shut down, said it wasnt worth it for them because they depend on that Dinein Service for those customers who loved the experience and coming in here on Chestnut Street where a lot of restaurants have either closed down or theyve just been as i said doing the takeout and delivery so restaurants are just sitting idly by waiting to hear from governor Gavin Newsome and will be crucial to hear from an as hes releasing guidelines for reopening restaurants for dinein last week the California Restaurant Association sent a draft or recommendations to the Governors Office they include know sharing tables of course only family members or people who live together well be able to sit at the same table she will be able to grab dinner with a friend or anything like that but getting