Tiktok bid jim, we will start with the retail numbers lowes is a good one to start with, its been called depots quarter on steroids today. Look, i think that Martin Ellison has taken a Company Making it anything but an also ran. 35 camp is terrific hes really got finally hes got the e com down Marvin Ellison is a turn around man par excellence and this is an amazing quarter we dont want target to overshadow it too much because i like the stock and i love the fact it wasnt up big early on its a buy yeah. In store traffic or in store comps, jim, up 11, which is different than what we saw out of others. I mean, i guess when you dont have as fierce a web challenge in Home Improvement and you have the stay at Home Rebuilding boom, thats going to add to a couple huge dynamics. Yes, it will. Remember, there was a period where lowes was not digitized enough also didnt really have very Strong Customer service. All of thats changed under marvin he is the last person to ever want to champion hims
Vaccine and treatments, bringing the futures off of their lows this morning. Still looking a lower open today, but much of this is profit taking after a very strong rally yesterday and last week. Investors saying you know what, im going to take some money off that table. Theres not much stopping big tech, though. We talk about them a lot, every day, but for very good reason. New highs for several of these and one of our bulls will tell us in a few minutes why hes still buying them even at these levels. Happening at the white house today, a big meeting about getting americas children back to school in september. That is a major factor in the economic recovery, if kids are back in school, parents can go back to work. Its a key issue. What about Patrick Mahomes . Hes a recordbreaking deal thats guaranteed for nearly a half billion dollars. I say guaranteed. Hes a very rich young man. We have two pro athletes on the program to talk about that today. Big three lourshours ahead. Im Ashley We
University system. Retail post pandemic getting perhaps even grimmer as another Department Store set to announce bankruptcy taking on the fed. Druckenmiller calling out the fed. It is wednesday, may 13. You are watching Worldwide Exchange here on cnbc good morning, good afternoon, good morning welcome. Im Brian Sullivan thank you for spending your time with us here on cnbc it is a big news day from wall street to watch. Futures are basically flat, slightly higher. It could change. It is early. The dow closing down another 450 points yesterday for the second straight day of losses the nasdaq finally snapping a sixday win streak falling more than 2 on the day yesterday, futures basically flat now as well as investors continue to weigh comments from dr. Fauci warning of a second outbreak this fall if states move too quickly to reopen my approach towards the possibility of a rebound and second wave in the fall is that, a, it is entirely conceivable and possible and, b, i would hope between
Google ceo eric schmidt. He was recently asked to join a committee to restart new york city. Cuomo has been doing a great job as a governor, especially compared to other governors. He has created a reimagined new York State Task force. The idea initially is to focus on three areas of issues. Telehealth basically, how do you deal with the medical system . Broadband, how do you participate in all of this if you dont have access to broadband . The third one is reimagining how we are going to work. How do people feel about going to those skyscrapers and taking the subway to do so. All of that will be addressed by our commission. David you expect to complete that work in a year or so . Eric we expect to have initial results in 36 months. The state needs help, as do all the states. This pandemic will go on for quite a long time. We had better get used to dealing with it, making adjustments. David youre also chairing a commission for the pentagon on artificial intelligence. You have managed t
White hou on remdesivir and looking past chinas first gdp contraction in 40 years oil below 18 is something to watch. That report out of stat news reflects how much hope there is, whether its remdesivir or Something Else for an effective treatment going into the fall. It does it may also reflect thin trading having spoken to a number of people this morning who are wondering whether or not you can have big moves in the market with just a billion dollars of futures being bought, which may seem like a lot, but is not. Because, you know, you have a lot of Fund Managers who tighten risk, they took down their net exposure, perhaps they didnt kel quite a sell quite as much its unclear how much buying power is needed to move the market in a significant way. Remdesivir itself is important were all hopeful that it is going to actually have an impact on the outcome of the disease for those who get very sick and end up in the hospital but it is not going to be what we call a chain terminator it is