Alphabet, the stock higher after reporting a quarter that is under way. We have full Team Coverage under way and gene munster is listening in on his phone, and lets start out with deerd deid bossa. Im sorry guys just on the call right now the cfo was just talking and i was listening so intently because she was talking about the Second Quarter and shes seeing some signs of commercial activity recovering and she said it would be too early and too premature to make any kind of conclusion or talk about how durable that may be. Going back to the results the ad revenues were hit and perhaps not to the extent that wall street was expecting and they echoed the comments that cfo made saying that it was a tale of two quarters, strong at the start and then ad revenue declined he also struck an optimistic note saying he had reasons to be confident. Have a listen. Let me just explain that to you. He said he was optimistic because as they saw after the financial crisis in 2008, one of the strongest
Itunes app store has malware affecting apps developed in china, could other parts of the program be at risk . We have a top security expert. What are those of us with ipads and iphones supposed to do with b. It . Plus new data on existing home sales falling more than expected and now Jpmorgan Chase is making a move that could put another damper on home sales. That story is also just ahead here. Lets start with biotechs getting slammed. Those stocks down as you saw there after that New York Times article on Specialty Drug price gouging during pharmaceuticals was pro filed in that piece after it raised the price of one drug from 13. 50 to 750 per dosage. Now, the ceo was on last hour, you told me go terrell that he would not be changing that price tag. We definitely planned on raising the price, thats for sure. We paid a very, very large amount to buy an unprofitable medicine. We cant continue to make to lose money on the drug at that price. So we took it to a price where we can make a c
Dow rallied 41 points. Nasdaq. 11 . We have to find a sports anlage. That does it for me. In the National Football league they call it next man up. Maybe it had been kind of sitting around and maybe he gets in the mix and gets the job done. The Dow Jones Industrial average is full of next man up situations. Todays one of the days you can see them written large. Theyre responsible for the game. The next up in the dow industrials it is, walmart. Walmart . Heres a company that many had written off as bad habits. An old store chain. Kind of with a Montgomery Ward feel to it. Out of step with time and place. Now that might have been the case in the past but this current ceo of walmart, this guy doug mcmillan, i dont know. Got me dazzled. I dont feel that way anymore about walmart. We have a nice up size price for the first time in ages this morning for a company that had begun to stand for lower prices. Not in the stores but in the stock market. I liked everything he had to say. Its clear h
Worth watching this morning, the treasury will hold a 16 billion auction of 30year bonds at 1 00 eastern time. And on earnings, before the bell, fannie mae coming off a big beat by freddie mac will be out. You got tmobile and amc networks. Well find out how breaking bad is doing oh, the best. I know. I have never watched breaking bad. Jim cramer talks about it. You got to binge the whole thing before sunday. Im flying to the Upper Peninsula of michigan. I got a long layover in detroit. I put four episodes of breaking b bad on my ipad and plan to watch it. Later on this afternoon, lions gate, monster beverage and priceline among others. Some of the nations retailers will report their Monthly Sales today. Limited, gap and costco are among the biggest ones that still do. Earlier this morning, real early, costco said its july comps rose 4 , just shif analysts expectations. Hurt by a stronger dollar that pulled in weak sales from overseas stores. Jpmorgan says it is being investigated by cr
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