Sales way ahead of the season which would be black friday. Seismic shift here to this calendar here. Does this surprise you . Melody, you start to talk about it since june and every year it is further back. It is making me crazy. I admit that is maybe i am old school, everything you just mentioned until after thanksgiving that to me is the official Holiday Season bahumbug amazon is rewriting the script i guess in some way is good for them we have sales, walmart and target during the week and especially in light of this weird environment we are in which is an expectation of stimulus but no actual stimulus here well, we may be the line of misfit tonight there is no question amazon and walmart are the leaders. An acceleration of all these trends we spent so much time talking about fast money of the trends being pushed forward but already in place 49 measured through last month. As you go into the Holiday Season is bigger amazon about 32. 5 it goes to 38 they continue to take market share
There and that continues, at least. No rally 37 bucks. So many different stories to choose from. Lets start with oracle. Those shares are jumping ahead of the bell. Apparently beat out microsoft and walmart in a deal for tiktok and jim and i will go over this and find out what represents a deal nvidia arm holdings. Jensen huang will join us later this and verizon ceo, yeah, why not. Talk to us about that deal, as well verizon buying track phone maybe as much as 7 billion with certain targets met. Jim, no shortage of m a and didnt even get to the gilead deal give me your take on where we stand on the markets before we Start Talking specifically about this tiktok transaction. I can argue i want older people who keep saying the market is too high to cover their ears i could argue that all these deals this morning add up to a market that some people think is too cheap. The amount of money that is going into stocks that i think many people felt were overvalued is astonishing, david. And i t
This second half rally continue . Then a stimulus stalemate the latest from washington as both pelosi and mnuchin talk covid relief. And later its been one of the biggest winners of the pandemic, why peloton is getting a new street high price target over at jpmorgan its actually not a bad place to start right there, guys, because for the second day in a row, david, we have had some analysts raising targets even on names that they maintain at neutral, today its b of a which yesterday kept apple at a neutral, they upped their target acknowledging moment tim today they do the same thing with tesla, this Equity Funding will fulfill growth and their price objective goes to 500 plus yeah. Listen, every day brings more things that for me are reminiscent of the late 90s its hard to avoid it. I made some comparisons yesterday, many High Quality Companies of course are getting the fuel this time as opposed to what was a broader spectrum of companies perhaps at much higher multiples, many of whic
Bubble. The good morning, everyone. This is bloomberg surveillance. I am Francine Lacqua here in london. The markets are focused on data in the u. S. , stimulus in the u. S. , and for july manufacturing 51. 1, instead of the 50 that was expected. The other thing we are really ,atching out for is gold, 1897 within a whisper of 1900, which will be a big psychological impact. Now lets get to the bloomberg first word news in london with laura wright. Hi, laura. Hi francine. ,rising for the first time about of march to 1. 4 million, but dropping slightly. The data comes as hundreds of billions of federal aid is set to expire. The u. S. Economy could be at risk of a double recession. A Vaccination Program for the protect ait ceases to second wave of the coronavirus. Twice as manyple as last flu season. At shots available for the risk groups will be available to everyone over the age of 50. Disney is canceling the august release of malan and delaying avatar by more than a year. Date. Ime, no
Not surprisingly tech stocks are holding up the best today. Bob is looking where we stand on earnings about halfway through the season and our tech team will get us ready for what to expect tonight josh lipton on apple julia on facebook. Bob, lets start with you. Kelly, earnings are a little bitter than expected the market is holding up pretty well because of that the big winner here remains technology stocks. Why shouldnt it just look at the Second Quarter earnings estimate. You heard of what a disaster the sec quarter is 38 for the Second Quarter this is almost the same for the Second Quarter technology will have a small decline. Thats why tech keeps winning. Look at lam research they make semiconductor equipment. The ceo said covid19 has underscore the rapid growing on reliance look at the chart up 28 good Earnings Report but straight up since the bottom in march. Telemedicine is killing it look at these numbers here 2. 8 million visits in the Second Quarter. 200 growth. They raised