From tjx to l brands to bjs as they report sales better than feared. Coming up on todays show, the view from the south. We will speak with atlanta fed president Raphael Bostic about how reopening is going in his district plus, Scott Gottlieb has called Antibody Testing a game changer. We will speak with the head of quedel and we will ask how his companys rapid diagnostic measures are up to the traditional tests we talk so often about. As sarah said, lower 0. 6 but off the sessions low Mike Santelli is tracking a volatile day for the market. Joining us to discuss big money being spent in the race for a vaccine are Chris Meekins from Raymond James and meg terrell as always mike, lets start with you. Yes s p 500 pausing right below levels everybody is walking, 3,000 on the upside, right around the 200day average look at a oneyear chart of the s p, we spent most of last summer in this relatively narrow defined range between 2,800 and a little over 3,000. So it is familiar territory. I dont
To report. Also trade representatives set to kick off a new round of china talks in shanghai. Earnings less than an hour away, well preview the key things to watch from that report with the stock up 800 on this 25 ipo price. Steve grasso from stewart frank, and a lot of moving parts, what do you do . It feels as if everyones on hold for the fed thats the most important thing thats happening right now earnings this surprised to the upside everyone usually, even last quarter, even was ready for a a into the earnings cycle. Steve is here with us for the full hour, and well be dissecting the market moves. Lets focus on the big stories the pharma deal, more fallout for boeing, and eamon javers. Viagra, lipitor, xanax and the epipen, pfizer is going to spin off or divest its up patent business and combine with mylan, and the new company will do about 20 billion in annual sales. It will get a new name and be domicile in the United States, a fact that could be attributed to u. S. Tax reform an
Administration may impose new travel restrictions to stem the spread of the virus in the United States. This comes one day after the cdc warned that its not a matter of if the virus will spread in the United States but when it will do just that. And now a top Infectious Disease doctor tells cnn the outbreak is inching closer and closer to becoming a pandemic. Listen. If we have a pandemic, almost certainly were going to get impacted. We need to be able to think about how we will respond to a pandemic outbreak. Lets get over first to the white house. Cnns john harwood is there and joins me now. John, what are you hearing about this News Conference with the president . Reporter well, i think to some extent, kate, the white house hasnt provided a lot of details but it will depend on what happens the rest of the day. The president has gotten some good news today in the stabilization of the markets, but Anthony Faucis warning of a potential pandemic has underscored the risks of a potential
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