S p 500 few you ares up 15 the nasdaq with a gain of about 1. 7 all because of what is happening with four big horseman check out shares of apple, facebook, alphabet and amazon. They went before congress two days ago and came out with earnings that knocked it out of the park on every one of those counts three of the four are trading sharply higher apple up 6. 1 , facebook up 5. 8 , amazon up 5. 4 alphabet did beat earnings estimate did post the first revenue decline and is down 0. 67 . More on those in a second. Lets kick it over to wi will everyone wilford. Good to be back extraordinary numbers, as you said well discuss those in a moment. First check out this mornings agenda as we are closing out the week well bring you results from cat, chevron, exxon and merck. Kol gate, underarmor and others. The late day of july lets check out the market score card owl three major indices on track for the fourth straight gains. Nasdaq the big oner up 18 month to date up 5. 2 . This past week, back
Orders thats weighing on the dow nasdaq about 4 itself today s p up about 3 , sara. Weve got big news coming up on todays show. Wells fargo ceo joins us to break down the Small Business loans and impact of pandemic on the bank then later, well speak exclusively with the ceo of Carnival Cruise lines as a they take a huge hit. Carnival shares down about 75 this year. Well have the ceo if and when the industry can get back on its feet with 59 minutes left of trading, lets focus in on the big stories. Wilfred has the news on the Bank Earnings meg with the treatments and vaccines and Steve Liesman wi k34e7b9s from two fed officials. Gl they had opened hirer this morning, jpmorgan and wells fargo. Provisions for potentially bad loans spiked 8. 3 billion for jpmorgan, 3. 8 billion for wells fargo. Even that was not the worst case the ceo said could be higher over the next several quarters relative to what we took in the First Quarter while Charlie Schaffer said it wouldnt surprise me to conti
General Public Comment at this meeting and there will be a opportunity to comment on each discussion or action item on the agenda. Each comment is limited to two minutes. Public comment will be taken both in person and remotely by call in. For each item the board will take Public Comment first for those in person and from people attendeding the meeting remotely. Comments are opportunities to speak during the Public Comment period are available via phone by calling 4156550001 access code, 26638831727 then and again. When connected you hear the meeting discussions, but will be muted and in listening mode only. When your item of interest comes up, press star 3 to be added a the speaker line. Call from a quite location, speak clearly and slowly and turn down your tv radio or computer. City policy along with federal, state and local law prohibits discriminatory conduct and will not be tolerated. Public comment is permitted on matters within the jurisdiction of the meeting body and thank you
Item 2, communication. We welcome Public Participation during Public Comment period. There will be a opportunity for general Public Comment at this meeting and there will be a opportunity to comment on each discussion or action item on the agenda. Each comment is limited to two minutes. Public comment will be taken both in person and remotely by call in. For each item the board will take Public Comment first for those in person and from people attendeding the meeting remotely. Comments are opportunities to speak during the Public Comment period are available via phone by calling 4156550001 access code, 26638831727 then and again. When connected you hear the meeting discussions, but will be muted and in listening mode only. When your item of interest comes up, press star 3 to be added a the speaker line. Call from a quite location, speak clearly and slowly and turn down your tv radio or computer. City policy along with federal, state and local law prohibits discriminatory conduct and wi
The consumer may be under pressure, but megadeals are still happening. The ultra highend Real Estate Market. Well be joined onset by Mauricio Umansky for the latest read on how much the uber wealthy are buying. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim seymour, dan nathan, and guy adami. The dow climbing over 40,000 for the First Time Ever today. The feat coming less than four years after it first hit the 30,000 mark, but the index pulling back midday and ending up slightly in the red. One big winner in the dow, walmart, which notched its best day in four years, after earnings this morning. The retailer citing significant ecommerce gains and growing business from higher income consumers. Former walmart u. S. Ceo bill simon is using the bword. Bubble. He will join us to explain. We wanted first to get the thoughts here on the desk. Given where we are trading here, at alltime highs, on walmart. And do you think that what is driving the stock