Is live. Pump up the jam good friday morning welcome to squawk alley. Markets still in the green pinning hopes to stimulus talks. Were watching headlines best week so far this morning, jon, in two months for the dow yeah. And in tech this morning, carl, hey, weve called it out here on squawk alley before. Today amd eyeing xilynks amd is a 100 million market cap down 3 on a 30 billion deal. Investors are giving this blessing a few different trends here. A hot of Tech Companies have richly valued stock to play with there is pressure to answer and three u. S. Restrictions are hurt something chip makers like xilinks and theres no end to that in site good morning, guys pat, are you surprised not a the hoff overlap here. So in that sense, maybe this deal isnt at risk but, hey, not a lot of overlap here. So maybe this is risky the. Yeah. The so as you said before, amd needs to grow. When i look at valuation, im sure stacy will will weigh in on this, it had to do something organic growth isnt
Netflix, as the richest is the streaming world, still expected to get richer than many of its competitors, academy i think we have to put this Earnings Report into context at the same time, john, i wonder if net flix is a pretender of what is to come it has been one of the great work from home, stay at home plays, and we have earnings coming up. Really this week you have seen some names take a breather zoom is down more than 10 this week these have been some of the really outstanding performer this is year and theyre taking a leg down so as with netflix it showed gains came earlier this year. Could they really keep up that momentum i think investors are taking stock of that right now. That is a fair point, but i think how much of the trends that we have seen are going to stick . Zoom has given up some, but it is not a ton i know that i have changed so much of my work and productivity patterns around some of the trends, i dont think that im going to switch back on a lot of this stuff i
This astrazeneca oxford. I do say at this point, carl, you get the pfizer news about germ germany. What you have to watch is the crawl underneath there will be endless buying and things like vaccine inc. And im seeing buying of glaxo i think people want to calm down i have sorrento tonight. Not all news are good. 100 companies doing vaccines and lets take a breath because other things including a stimulus which is needed if the vaccines fail. The analysts are not discouraging traders or investors from trying to play the vaccine race jpm cuts moderna run and no one is preaching a message of slow and steady wins the race here. Nova just continually up. People who love these. Mark cuban had some great comments, carl people who come to this market, initially were in the early phase of this, but people who cannot resist. When i get up at 4 00, 3 30, theyre in there buying these stocks i dont know who these people are, but theyre having the time of their life and i just hope they take someth
Resee recovery in retail sales dow down 271 session lows 59 minutes left of trade the nasdaq has been the underperformer is actually off its lows were kind of moving around, as we speak, in the final hour. All the major indexes are lows ahead on todays show, well speak to mike sievert. Well get an upgraciointergrac sprint and the president of the university of arizona will outline his plan for the fall semester as cases and hospitalizations rise in that state. Well focus on the big stories were watching at this hour Steve Liesman with details on todays jobless claims will is digging into Big Bank Earnings and meg has details on johnson and johnsons results. But, steve, start us off with the jobs picture. You know, were getting two different stories from the jobless claims one of improvement and one where the improvement has kind of flat lined. Well take a look at the numbers. Claiming coming in at 1. 3 million. Above expectations dow just 10,000 on the weekly jobless claims thats kind
Selloff on monday withff that big selloff. E is a big dip buyers for what at least appeared to some to be a bargain. By the time we got to today, here was a general sense here that the economic downdurn that were headed for, a lot of folks are basically assuming that that prolonged. Be more than just a quarter. On through most of the year. I want to point out at the close of trading today in new york, we shot of the New York Stock Exchange where we normally see people ringing the bell. Its generally a celebrate other of environment. It was a somber sort of mood. We know that the nyse is going those four operations after today. It will only be electronic trading when we come back on monday, and it really kind of here, emily, that the long haul ight now. We have about 7 billion or shaerz of equity shares that will swap hands on a regular basis. Over the past 20 days weve had 10 billion shares on each day. Today we were above 18 billion. Keep in mind the record is Something Like 19. 7. Ba