Sales and the stock is hitting new highs. And finally teslas tumble, why the street is mixed on what actually came out of the companys battery day event yesterday. J j, though, jim, going to be the lead and you just called it maybe the best company we have in this country. Yeah, look, i think that i like triple a balance sheet, i like a company that continues to make the numbers, i like a company that pays a good dividend, has the best pipeline, most robust pipeline in pharmaceuticals and i like a company thats not a hype company. The fact that they are ready to do their vaccine now, full disclosure i am attempting to get into the trial, i think its everybodys duty to get into the trial they are the only one emphasizing the atrisk people they want people who we view as people who we need to protect. I dont hear that from any of the other companies. I like the fact they are willing to give it to their whole employee base. This is the way i think it should be done and i know people are c
Albertsons ipo. All of the stories that we cover so closely i know. And banks already rallying today off that deregulation news earlier on the day theyre up 1. 6 at the moment. The top of the s p 500 sector. We have a huge show coming up on closing bell. On the day, we get the stress test results that sara mentioned. Well be talking to the ceo of barclays in a rare exclusive interview. Thats just about five to ten minutes away after the close, the they will join us this is the sign for the first time in months so lets get the pictures here mike santoli is here for the markets. The moves and valuations he is tracking the surging covid19 cases across the u. S. Mike, first to you. We have a pause today in the markets within a pouz. That is similar to a couple weeks ago. We this that big down day number real sustainable followthrough to the down side why is that . It doesnt seem like theyre overleveraged in a way that kree auts a liquidation cycle on the down side. There you see that flat
Announced, but the big story is surrounding big tech earnings like microsoft, facebook, and even comcast and qualcomm. It look like some of these companies were basically created for this moment if you didnt know, the microsoft quarter was just a thing of beauty a lot of that is because theyll have a product like teams or like azure that are incredibly strong linkedin doing very well facebook quarter was good, and boom, they say april is stabilization. One of the themes were seeing in tech, or you have service now, well have Bill Mcdermott later today. They have an unbelievable quarter. Maybe the best in the history of the company. So youre seeing companies that frankly not only do not have to make any excuses but are saying good things. You know, qualcomm, ill say, secular trend, 5g, and then highspeed internet is one of the most lucrative parts of comcast. Yes, of course, theme parks not going to happen, but theyll open up again. But high speed, it will never go back you dont switch
Is this the beginning of the beginning of the end have we finally found a way to contain the pandemic today we got some very encouraging data from gilead on remdesivir, their powerful antiviral drug which helps people recover from severe cases of covid19 a lot faster were talking in and out of the hospital 11 days instead of 15 with the placebo a strong reduction in mortality rate thats been up for debate. May not sound huge, but results were so compelling that the doctors had to stop the Clinical Trial. It just wasnt ethical to keep giving people the placebo when they knew remdesivir could help, and that is bingo. Now look, ive been telling you an effective treatment for covid could be a game changer, saying it over and over again i said it would probably be remdesivir sure enough the market screamed high in response, surging 532 points s p 2. 6 nasdaq leaping an astounding 3. 75 . Hallelujah. With much of the country preparing to reopen for business buy, buy, buy the big worry is com
I offered a commonsense alzheimers reat from negotiable drug end quote. Aleds imers Research Needs to remain international tact so the doctors that are working every y to find a cure can do it uninterrupted. Unfortunately, the amendment was defeated. 38 cures will not come to market because of the legislation over the next two decades and cuts off at the off innovation. The impact on potential cures for diseases like alzheimers and dementia is unacceptable. An impact on even one cure is one too many. Let alone 38. Instead we have an alternative. The house should support h. R. 19, the lower cost, more cures act, which consists of over 40 bipartisan provision which is President Trump may actually sign to lower costs for Prescription Drugs for all our constituents. Its disappointing that democrats wont work aross the aisle to solve this problem and instead are pushing a bill that will stifle Innovative Health Care Solutions and result in fewer lifesaving cures and the research that goes i