The coronavirus pandemic continues to loom large. Addressing the crowd in pennsylvania, trump again touted an experimental treatment he was given while hospitalized with covid19. The drug that they gave me, im going to were going to be distributing it all over the country to hospitals and everything else. A day earlier, Health Authorities said 19 people who attended two trump rallies in minnesota last month tested positive for the virus, but they say it is unclear if these people werere infected at the rallies. The u. S. Governments top Infectious Disease expert, anthony fauci, has warned that holding large gatherings is asking for trouble. Meanwhile, biden held a rally in florida where he criticized trump for his handling of the pandemic. So many lives have been lost unnecessarily because this president cares more about the stock market than he does about, you know, wellbeing of seniors. Biden also plans to visit pennsylvania later this week where he is likely to continue his focus on
Deal dependsen the eu and refinitiv take over. A 4. 3 billion take over with caixa bank creating 7 billion in assets. Tiktok could go for a u. S. Ipo. The deal with oracle and walmart. Its fate could be decided in the next 24 to 36 hours. A very warm welcome to street signs. Weve got a flurry of m a deals to kick off this morning the company has denied reports it is in investigations over a proposed take over bid bloomberg had reported more in recent weeks and that negotiations are in the early stage. Euronext in discussions with lse. Adding any potential sale depends on eu approval of the planned take over of refinitiv the deal news doesnt stop there. Caixabank and bankia have agreed to a deal of 4. 3 billion euros a 20 prem yium will create spains largest bank relieving costs around 77 Million Euros. So many things we could talk about. We could kick off with this banking deal, weve been waiting for more consolidation in european banking a lot of chiefs have said cross border m a has
There. Big stocks in apple and tesla giving back gains. Ibm gained more than 3 yesterday. Also cocacola up more than 4 being looing at u. S. Equity few you are its. Something to Pay Attention to. Dow futures down around 40 points looking at first of september, and all of july and august with spectacular gains. Looking at the treasury yields looks like right now 0. 654 . Those movements with he saw yesterday were interesting in terms of the rotation. As a general matter, those had to pull back they will have to have these pull backs the fact that the market can do okay on a given day is a positive doesnt change the fact that weve traveled at a steep angel here there is a jumpiness a late summer week heavy volumes. You are seeing all sorts crop up there is a Different Energy to the market 20 what has passed in 2017, 2013 not sure the implications but there is Something Different it is 6 01 in the morning here yesterday was called a gama squeeze. We dont want to get too mechanical in the
Well talk to an influencer and you have no idea how much i want to be an influencer about how she is making money on tiktok. Later, godiva chocolates is remolding its business amid the coronavirus pandemic the ceo will be here to tell us whats working and a lot is working for this company in the consumer space power lunch starts right now thanks welcome back welcome to power lunch. You can see that tech continues to dominate the market today the sector up more than 2 outperforming everybody else thats in large part to apple up 3 today shares of apple are now up about 50 on the year. Its been an incredible run. That brings the companys market cap to 1. 9 trillion and change. Were within tuouching distance of a 2 trillion dollar market cap. Also take a look at nvidia today. Its up more than 85 this year. Nvidia has been a monster. Tesla up about 4 to just under 1500 share. Theres one wall street analyst chasing shares well have those details shortly. Tyler, back to you congressional lead
The futures indicated up about 322. The decline of 30 points futures point to bigger gain at the open of about 30 points. The nasdaq is open it is very early we have seen a lot of volatility lately lets look at what is happening in the treasury markets. Wti said the july contract that is the active front running Contract Trading above 22 a barrel one point of favor for the bulls on this. The 10year at 0. 698 . Andrew thanks, becky we have a huge lineup of guests. We keep saying a huge lineup but we do. It is crazy. Joining us exclusively this morning is walmart ceo, head of cocacola, james quincy, another exclusive with the new ceo of united the ceo of lonza that is partnering with moderna. A huge three hours ahead lowes, wow. Adjusted net 1. 77 the estimate was 1. 32 look at the stock. Up almost 4 home depot yesterday which was part of the reason that dow fell was because of home depot. Same store sales up 11. 2 . Dot com sales rose 80 lowes is going to invest quite a bit to support e