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Actions taken on pandemic and how money is being spent today. Getting america back to work today, larry kudlow will join me today at 8 30 a. M. Eastern live on the reopening of American Economy and rebound hes expecting and what if any additional stimulus is needed. We will also get into china. Turn into markets this morning. Futures are turning direction this morning. We are expecting weak opening this morning for stock prices, s p futures down 10 and nasdaq futures lower by 12 this after positive news from moderna on vaccine trial help fuel strong rally for stocks. Dow industrials up 911 points yesterday almost 4 . The nasdaq was up 220 points and s p was up 90 all the major indices up 2 and a half and 3 and a half percent. A closer look at the Pandemic Impact on retail this morning, this morning we will get walmart, hem depo who remained open reporting earnings. More st ....
Which means they were the vast majority of the comp sales the in store sales were. 9 . The stores fulfilled 80 of the digital orders in some way Brian Cornell said the retailer will spend 500 million from the beginning of march through july 4th on higher wages and other operational expenses related to the covid crisis so this spending goes beyond q 1 into q 2 not directly comparable with what we heard from walmart yesterday. The sales came at a cost their operating Income Margin was 2. 4 compared to 6. 4 in the same period last year and the gross margin rate was 25 compared to nearly 30 last year but then look at lowes, Michael Baker calls lowes perhaps the most surprising result of the quarter for retail their comparable sales grew more than 11 total up more than 12 in the u. S. Thats only the fourth time in at least ten y ....
Really important medicines. This has been going on 20 years. Andave had hundreds hundreds. One of the medicines and shortage right now is a really important blood thinner that hospitals use every single day. There was an article in a local newspaper about a boston physician saying i do not know if we can do cardiac surgery two weeks from now if we do not have this product. We are walking on a very thin line. We have had shortages of chemotherapy to treat cancer in children and adults. We have had shortages and right now, there is a shortage of a really important antibiotic to treat a lifethreatening infection. These are life and death medicine. Sometimes, we cannot get them, and we are rationing. In therationing medicine United States of america. Really remarkable. Host is this hyperbole or is is a real, existing problem . In washington, we hear a lot of talk from a lot of D ....
Before but investors remain bullish. We are on record close watch for the three major averages, as we stand, the nasdaq and s p pretty comfortable. The dow just higher, though, by only 0. 1 . Industrials the only sector in the red. Consumer discretion. Joining us, josh brown from Wealth Management. Well done. What did i say . Im not sure. It was cute. I got close enough. Lets stay on track nasdaq, dow, s p. With almost nothing in the red at all. Its bigger than that 52week highs for the slf. Bank sector. Very, very key incredibly bullish Consumer Sector spydr. Look at the usual suspects, xlk. Off the radar things that are happening thats really interesting. This might be because enough tax law selling has already occurred or traders are anticipating the end of that. Some of those highprofile ipos that blew up this summer and fall are starting to make meaningful moves off ....
Guest its remarkable the United States of america we have aon shortage of really important idicines. This has been going on for 20 years and we have had hundreds and hundreds. One of the medicines that is in shortage right now is a really important blood center that hospitals use every single day. There was an article in a local newspaper about a boston physician saying i dont know if we can do cardiac surgery two weeks from now if we dont have this product. We are walking on a very thin line. We have had shortages of chemotherapy to treat cancer in children and adults. We have had shortages in right now theres a shortage of her really important antibiotic for lifethreatening infections. These are lifeanddeath medicines. Sometimes we can get them and we are rationing medicine in the United States of america. Its really quite remarkable. Host is this hyperbole or isar this a rea ....