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July 16, 2024
Welcome to squawk alley. The at Home Technology story continues to deliver big you can see there sonos up 26 this morning after strong earnings want to talk to the ceo in a minute and nvidia also delivered solid results on pc and Data Center Demand beating on both earnings and revenue. Sales up 57 from the same period last year though its lower this morning on modest guidance second biggest gainer on the s p 500 year to date though. Julia, its really interesting how, you know, stay at home stock...
July 16, 2024
It will beevie says to salesforce what instagram was to facebook. Planning a new set of chips to outperform intel. What it means in the next generation of macs and more. First, u. S. Stocks dropped monday amid a surge in case of covid19. We are expecting to hear more about the Vaccine Distribution as states try to outline the doses, how many they will get, and one. Lets get to Abigail Doolittle with the latest on how it is played out in the markets. Breakdown that and what is to come this week. ...
July 16, 2024
Quite good. Within the pandemic, it is a big deal. The news flow is extraordinary. But that was not a small item yesterday, that first failure of a phase three trial. Francine absolutely, and the next question is if we do have a viable vaccine, how many will take it voluntarily . We will talk about that in the coming days. Thats get to first word news with ritika gupta. Ritika joe biden says President Trump willingly lied about the threat of the coronavirus for months. The president ial candidat...
July 16, 2024
Welcome to squawk alley. John fort has the morning life watching carefully as both apple, tesla, and the thatnasdae dipping into the red lets go to alex sherman tiktok is suing the u. S. Government over effectively banning the app come september 15th tiktok released a blog post right now explaining the rationality behind the lawsuit against the u. S. Government. There are two administrative actions that the Trump Administration has taken the fist would effectively ban the app by september 15th. ...
July 16, 2024
The month of kicking off with a rally. Another record high, 29th record close of the year. The dow industrials up 236 points at the close yesterday. Tracking isaias. Downgraded as Tropical Storm after making landfall in North Carolina. We will take a look at the storms path this morning. President trump boosting health care in rural areas. The President Trump expanding Telehealth Services as the coronavirus spreads beyond big cities. Health and human secretary alex azar will join me live at 7 30...
July 16, 2024
Which means they were the vast majority of the comp sales the in store sales were. 9 . The stores fulfilled 80 of the digital orders in some way Brian Cornell said the retailer will spend 500 million from the beginning of march through july 4th on higher wages and other operational expenses related to the covid crisis so this spending goes beyond q 1 into q 2 not directly comparable with what we heard from walmart yesterday. The sales came at a cost their operating Income Margin was 2. 4 compare...
July 16, 2024
You must be 68 because im 66 thats tom cruise talking ive been told we have to interrupt this briefly to get to walmart numbers which have just crossed. Walmart is out with Fourth Quarter and full year earnings 1. 38 adjusted versus estimate of 1. 43 141. 67 billion. Analysts expecting 142. 488 billion. The majority of stores in chile have been disrupted and some totally destroyed. Theyll be holding an investor day discussing this more in depth. Shares are down 2 in early going. In u. S. Compara...
July 16, 2024
Big offering at ces. Meg whitman and Jeffrey Katzenberg in las vegas. First our top story, the threat of war brings profits for the defense industry, and a risk of Cyber Attacks from iran could shine a spotlight on assets. Take a look at how these firms performed, their shares gained about 8 the last few days. It is indicative that cyber volleys between the u. S. And iran are not going away anytime soon. To discuss what could be next, marcus is a director at an ai security firm. In studio, our r...
July 16, 2024
Good friday morning. Welcome to squawk alley. I am Carl Quintanilla with Morgan Brennan and jon fortt at post nine of the New York Stock Exchange record highs across the board as the dow is up 129. Session highs now. Absolutely. Were going to start with apple at fresh highs shares of the tech titan hitting records as three wall street analysts upgrade price targets on the stock mike molson upped his bet on apple from 270 to 290. Dan iefs sees it head for 325, and another raises to 290 from 280. ...
July 16, 2024
Marketplace. Who will help invigorate the floundering company . We begin with what was a historic week in washington. On tuesday, nancy pelosi formally opened an impeachment inquiry on President Trump. The Investigation Centers on a phone call President Trump had with the president of ukraine and whether he betrayed the nations security by seeking to enlist a foreign power to tarnish a rival for his own political gain. In this case, the son of former Vice President joe biden. While not tech rela...