Killer, a fox business exclusive, this is really interesting, with the ceo behind the Public Company that owns the rooms where its all happening for these vaccines. A vaccine not coming soon enough for new york city. Times square still without its throngs of summertime tourists. In doughnut world, you go big or you go home. The ceo of krispy kreme takes us behind the scenes of his flagship store. The s p getting an alltime high. It just needs any gain whatsoever. We are just at the flat line at the moment. The dow up 47, looks to snap a twoday losing streak. Plus could housing be too hot to handle without more stimulus . Apple now truly in a club by itself. Less than an hour to the closing bell, lets start the claman countdown. Liz breaking news. Microsoft not oracle is and will be the company to buy tiktoks u. S. Assets and a binding deal will be signed by the september 15th deadline imposed by President Trump. In a fox business exclusive, sources close to negotiators at bytedance, th
Ill have to put a clear process in place and fix whats broken. You cant tell somebody else how to run their house when you cant run your own house right. Otherwise, this wouldbe empire will be a big, fat bust. Kathleen tell him, this is my livelihood. Lemonis my name is marcus lemonis, and i fix failing businesses. If you dont like money, dont follow my process. I make the tough decisions. Were closing the store. Were done. Im not talking about it anymore. I back them up, spending my own money. Its not always pretty. Man perfect flavor. Lemonis . But this is business. You got to trust the process. I do it to save jobs, and i do it to make money. Thanks for your business. This is the profit. Just about 15 miles south of pittsburgh in a small town called mcmurray, pennsylvania, theres a fast casual restaurant known as my big fat greek gyro. Michael what can i get for you . Woman gyro and fries. Lemonis husband and wife mike ference and kathleen kamoyerou. Kathleen they prefer our sauce.
And the news for china, sense that the president is cking supplies for huawei [indiscernible] on slot for china. We have the index above 100, and the 10 year yield at 62 basis points. The market except in all of this dire data we are getting this morning. s get to that data now [no audio] michael why that is, unless people just sort of got used to what was happening, and the fact that they have been locked down and couldnt go shopping or Something Like that. That is the only thing i can think of, and maybe the idea that as the weather gets warmer, they are seeing they are feeling a little bit better. I have no good answers for that. For theay, the numbers sentiment are really high, but they didnt do what they said. They didnt go shopping the way they said they would because retail sales were down 16. 4 on the month. That is a new record drop for the month of april. Of course vonnie vonnie vonnie and of course, the data earlier on included retail sales , but that was only temporary as w
800743cnbc or jimcramer i love billy paul, but only the strong survive is the wrong anthem for age of covid19, but i do think thats where were headed and even after a good day like this one, and the s p climbed 1. 91 s and thing is the average is dominated by the fittest stocks and the ones with the strongest Balance Sheets and they will do so where most commerce when most commerce is on hiatus, and theyll still be there, but other companies lesser known, but still in the s p 500 need credit to make it through, not because theyre reckless and poorly managed, but because its impossible to plan for this economic catastrophe and including, of course, all of the small and midsized businesses that are not even public im worried that theyre doomed. Doomed ive said endlessly that we dont trade in nail salons and gyms although we do have Planet Fitness on the show later tent, and there are plenty companies that i supply midsized businesses and more important if we keep seeing jobless numbers a
Vornado, Regency Centers and kimco down 40 this year on growing concerns about their tenants ability to pay rent as most nonessential retail remains shuttered across the United States back to carl eric, thank you very much good morning welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan and jon fortt is back after a week off coming to you live from separate location. Major averages off of the morning lows dow was down 500, now down half of that. A big week of earnings, ibm tonight, netflix and others in the days to come and then, jon, oil is a major story as the front month contract does expire tomorrow. It is thats had a big impact on the markets overall. Im looking at all kinds of retail and ecommerce as well, making some strong moves in the past when i was off and over the past month as well, guys that is where well start this morning. Lets bring in heath terry, Goldman Sachs internet analyst good to see you. Yeah, good to see you too, thanks, jon. So as i was just sayi