Ive taken this quarantine times to update a couple of bathrooms. Not. Light bulbs i have always wanted to be handy. These numbers are expected to be insane i did change a couple of light bulbs. They are all different so finding the right one for all the Different Things my wife has, it is not easy. I have changed a couple of them but thats about it. Rising to the challenge, im sure before we get those numbers from home depot, lets start with the overall markets. The s p 500 finished the session just shy of the high just shy, we are talking 4. 15 points away from the record it is sitting at at this point. 3,386. 15 is where it closed. The record from february is 3,393. 52 the record close of 2020 up another 1 to 11,129. Looking at record futures. Two dow components reporting home depot and walmart big numbers expected from both of those dow futures up by 64, nasdaq up by 40 and s p up by 7. Dow component reported 4. 02 a share. Consensus was 3. 71. I noted revenue gain was over 23 . Comp sales year over year gained 23. 4 . Revenue estimate was around 34 billion. I think they did 38 billion it is what i guess we expected why analysts arent there, i dont know well have one on right now. He can explain why analysts are a little conservative. Im not even going to shame you into giving me revenue numbers what about this number and why is it so hard to figure out if the stores are crowded, everybody in a mask. Everybody is at home tinkering god knows what some of these shelves put up look like, honestly ill say this my call has been home depot now in 20 plus years ive never seen a quarter like this 25 comp for a 100 billion company. To answer your question, i raised my numbers to what i thought was a high of 12 to 14 . This is home depot putting up a 25 comp is amazing there will some that might do better it is actually more than it ever would have been. Who decided to paint every room in their house ive done a few things. I talk about your show a lot. Precovid19, i was talking about how stars were doing really well. We went from above midsingle digits to 25 . It is incredible i was with home depot management, they jokingly said, they are convinced everyone in the United States is building a deck right now they are in their homes more, they have more time. They are undertaking these projects people spender more time in their homes and the honey do list theyve been projects theyve been planning to do and havent had the time to do and now they are doing them thats an excellent description. I wonder how much has been added because of the stimulus that went out because of the 1,200 checks and additional unemployment dollars going out all of this additional money there. Fewer places to spend it you couldnt go on vacation. A lot of people couldnt go out and eat. Do you think this continues and if so, how long . Thats a great question something im wrestling with now. The stimulus has had a positive impact in certain categories i dont think thats as big with the Home Improvement retailers generally speaking, home depot and lowes cater to higher Income Customers who are benefitting less from stimulus as far as the sustainability goes, is the al coindication of spending there are clearly categories dining out, traveling, theyve been hit very hard that is spending that has been reallocated in large part. That is something im starting to wrestle with here looking at closely here to suggest what they are saying, all the bases it hides their business and allows them to perform well that is a sign and with a vaccine, how could they do a combination of both i was saying, you know you see it in the online ordering from restaurants. Did you see a forecast from home depot . Theres no guidance. I would suggest those comments would be up beat and that those businesses would remain strong the company has said it has spent 1. 3 billion on enhances pay benefits another question, do you think the enhanced pay and benefits are something that sticks around in any form . I think the answer is absolutely yes home depot is one of the First Companies to undertake high quality. Going forward, i think theyll be better compensating their employees. It is the right thing to do, a nice thing to do it is a benefit because employees are more engaged and loyaled loyal loyaled to loyal to the company. Tomorrow is lowes are you going to raise your base on lowes on this generally, we are slow to do that i would say, look, these numbers from home depot bode very well for lowes. They are performing much better now than a year ago. It wouldnt surprise me given the position of lowes, that they would perform better than home depot. It wouldnt surprise me to see Something Better than that 25 wow after what you said at the top too about how unbelievable this one was. That should be something to look forward to youll be here tomorrow, wont you . I will be here. Will we see that jacket again . Im going to switch it up for you. Did you use a couch nice fabric. Big game couch hunting better than animals. Thank you, brian well see you tomorrow see you tomorrow. Joe, ive missed you it has been a few weeks. How was your vacation . I think i know where you are . Did you feel his presence. Our little buddy is down there sluming in jersey. Andrew is at the shore. What, the hamptons were booked hes going to get inked he says hes never been there. I think hes in a rude awakening. Never been to new jersey . Youve got to give me the details. I see you that is a beautiful blue dnc blue you are sporting today. You can see how i am politicize everything that is brown you see this its purple. This is so beautifully purple. You are color blind this is so purple it must be the lighting. I just wanted to talk about my tie. Brown this is as purple can anyone confirm that it is purple in the booth. They cant. The s p just shy of an alltime high. Every day it says in instructions, happy traders. Every day, it says happy traders. Purple that guy does not look happy. There is happy traders you missed it that guy is not looking. He looks happy. Did you watch any of it last night . Did you know the nba playoffs started . I got up this morning and watched a lot of clips i didnt watch it last night you watched some clips this morning . I did im going to try to catch up right now. I had the celtics by seven and they did win i planned on watching the entire thing start to finish. Are you betting on this stuff . I Won Every Game on basketball over on the raptors. The over and had the raptors the first game as well did you see that one mitchell with 57 points. I won on that one. I had the celtics. I shouldnt say that because Michael Ruben would be mad Glen Hutchens would be happy. And wick, the other guy in boston when we come back, well talk about an early stumble for inperson education. Unc scrapping plans for oncampus learning after an outbreak of covid after the first week back. An update on vaccine progress next right now, check out shares of apple. Just below the 2 trillion market cap it needs to trade above that to reach that milestone right now, you can see, it is a 460. 25 we are watching that closely squawk box will be rig bk. Htac come on in, were open. All we do is hand you the bag. Simple. Done. We adapt and we change. You know, you just figure it out. Weve just been finding a way to keep on pushing. Wyou say the customersg a waymaklets talk data. S. Only Xfinity Mobile lets you switch up your wireless data whenever. I accept 5g, everybodys talking about it. How do i get it . Everyone gets 5g with our new data options at no extra cost. Thats good. Next item corner offices for everyone. Just have to make more corners in this building. Chad. Your wireless. Your rules. Only with Xfinity Mobile. Now thats simple, easy, awesome. Switch and save up to 400 a year on your wireless bill. Plus, get 400 off when you preorder the new Samsung Galaxy note20 ultra 5g. University of North Carolina chapel hill is canceling inperson classes after an outbreak of covid after one week shifting to Remote Learning by tomorrow it will continue to hold inperson classes in graduate, and health care. Moving forward with plans to play fall sports 23 members of a sorrority house in oklahoma. The entire house is on quarantined. The university is conducting Contact Tracing. Did you see the cover of the tar heel paper i missed that they had a banner across the top. I saw it on twitter. They had five clusters that had developed. At least five people in each that developed with covid. They called it a cluster f across the top of the paper. I guess it. I get it interesting. Bad. As the number of covid19 go ahead. All right delays the number of covid cases continue to rise, scientists are working hard to create a vaccine. Moderna has started phase three trials late last month joining us with more is dr. Carlos delrio. An investigator in the moderna covid19 trials. Thank you for being with us today. Delighted at being here with you. What kind of work are you performing whats happening right now is we are talking a phase three study taking place thats when you actually test the efficacy this is where the rubber meets the road you see if the vaccine has proven to be safe and can be proven to be effective you have to enroll large numbers of people. We are talking 30,000 people in 89 sites half receive the vaccine and half the placebo they do not know who gets what you follow the participants and you follow for infection and you follow for cases there is a group looking at the irregular allstarity. Seeing that stops the study. That is really the most exciting phase of developments for vaccine or a drug. We started hearing a few weeks ago the vaccine would be effective. Saying it would be nice to see 65 to 70 efficacy what would it mean if you saw something that was at least 50 up to 75 effective . What would that mean in terms of changing covid and our behaviors . Developing a vaccine against a respiratory virus is difficult. The flu vaccine we use every year is only 40 to 50 remember, we want to get to a point where we call a herd immunity at 50 , would you get there. It would be a game changer if we get a vaccine with 50 efficacy. With the flu vaccine, you often still get the flu but it is weaker. Is that a theory that is a theory as well. One is that youll get it but not end up in the icu or the hospital you would decrease the mortality of the disease where do you think well stand for how long until we get a vaccine and one that is massively deployed as the phase three trials are starting, the government has made investments to help them develop ahead of approval. The idea that one or more shows efficacy you dont need to start showing massive doses. Youll have those ready to go. If everything goes well, you may be talking march or april next year, where you can say we have a vaccine and plenty of doses. Reality is that nothing will happen you have a very good decision to have come forward with the production of the vaccine to come forward this way. You seem optimistic is that a Fair Assessment . First of all, i would say, we went from the virus to putting the vaccine in a human in 65 days nowhere in the history has the time line been so start. Because of the technology and research we have im hopeful well get to one or more effective vaccines as a result of that we are all hoping for the same thing, doctor thank you for your time. Wish you luck from all of us thank you joe . I think only putin got one quicker. He may have cut a few corners, as we know becky, youll have to check out twitter. This is so purple. It was important for me to wear purple as a red state, blue state guy. Politicizing clothing you are really sensitive about that that is not purple. Look at the thing it could not be more purple. Lift it up above the ticker maybe a little purple. Look on twitter it is as purple as my eyes coming up, a bidder working on the deal to buy tiktok and Steve Mnuchin will be on squaucsquawk on the street at 9 15. We are coming right back some Companies Still have hr stuck between employees and their data. Entering data. Changing data. More and more sensitive, personal data. And it doesnt just drag hr down. It drags the entire business down with inefficiency, errors and waste. Its ridiculous. So ridiculous. With paycom, employees enter and manage their own data in a single, easy to use software. Visit paycom. Com, and schedule your demo today. That selling carsarvana, 100 online wouldnt work. But we went to work. Building an experience that lets you shop over 17,000 cars from home. Creating a coast to Coast Network to deliver your car as soon as tomorrow. Recruiting an army of customer advocates to make your experience incredible. And putting you in control of the whole thing with powerful technology. Thats why weve become the nations Fastest Growing retailer. Because our customers love it. See for yourself, at carvana. Com. Confirming a report that oracle is in talks to buy tiktok of u. S. , canadian, australia and new zealand. Telling us oracle and microsoft are far ahead of other companies that might have expressed interest the concerns are that oracle doesnt have a consumer facing Media Business so this would be a good move and hence the interest this is like the is the dress blue and black or gold and white debate about your tie. No. It is not. Its purple. The last time i saw something this purple, it was a big dinosaur named barny miss barny. When we come back, the maker of the popular fortnite video game says apple is threatening the future of its games over a disagreement we head to the break, we look at yesterdays winners and losers just about five points away. Maybe less than that from an alltime high. We are watching that closely too. As business moves forward, were all changing the way things get done. Like how we redefine collaboration. How we come up with new ways to serve our customers. And deliver our products. But no matter how things change, one thing never will. You can rely on the people and the network of at t. To help keep your business connected. Good morning u. S. Equity futures are showing some gains we are very close to an alltime high the dow jones indicated up about 80 nasdaq is at 33 already. Looking to add to that today up 42 points. The fight between apple and epic is moving way beyond fortnite. Apple is looking to disable their developing rules epic is the creator of unreal engine, a sweet of too suite tools used for developers. Fortnite is one game it has 350 million registered players. The entire mobil app economy is estimated to be worth 120 billion. Ill bet you that economy was a stayathome beneficiary as well to say the least joining us now to discuss this, current president of care journey. A Health Care Analytics firm i look at your comments and i cant say i was surprised. You are not convinced that 30 they charge is a result of eamon oply or that that is unfair to epic how do you know 29 is not for fair or 25 and where does epic come in and compete for that im very pro competition. On this issue, the question mark is where the market failure exists if you and i wan to access the internet to play a game, we can do so. We have services on the mobil apps that look like the app. You and i might bank on my deposit by mail. You dont pay 30 to apple they distribute the app. Netflix, we sign up and pay for that in a direct to their website. We distribute the content through the app. There are normal and proper Market Forces at work that allow one to determine the best value for the service. I would argue the Number One Service games get is distribution fast through these app stores that have strong feedback loops to the Customer Base getting as many customers as possible and using the developer around pi to access and up charge customers as they play your game. There are terms of that deal im not so sure the government will be better or worse than 29 , 22 , that will be on whether apple treats developers consistently it will have one outcome and fw there is evidence of malfeasance, if you will, youll see the courts and regulators come in on laws that exist on the books today. Tim cook points out i dont know if you call it a miracle but that app store with 1. 7 million apps it has been an unbelievably success. To be able to piggy back that distribution, is it a gift horse . What do you want from us you should say thank you, not f you. For obvious reasons, if behavior on the part of an app store reflects developer treatment. Under what basis have you not. Those guard rails against that with this evidence, you ask me the question, epic games are available on mac the platforms are ubiquitous on the personal matter, i care about Health Care Data one of the advantages is that it does create an opportunity for stronger privacy protection. The idea that we want every app available. If my kids take my phone and download an app that hasnt been secured. And Sensitive Data is leaked out. Im more worried about that than these entities squaubling over fees where were you on the obama admin operation on Net Neutrality how did you feel about that . Are you kidding me, of course we need Net Neutrality it didnt mean everything was free it meant there were equal opportunities for App Developers big and small to access in the economy. I would argue even in those results, you would have clear policies to manage services above and beyond the basic infrastructure, those can be negotiated in a fair Market Driven way i dont see any instance, in fact, the principal of being able to bring apps, even if it is a competitor app, the value on this. With he have to run if they lose you, i dont know how theyll prevail on this. We have to go. They are telling me wrap, wrap we have somewhere to go. We have to be fair to all of our guests, apparently anyway, thank you. Well see you soon thank you and how much time chit chat in the meantime. Well bring you the dnc highlights we are expecting walmarts numbers in a few minutes ons eybring you those numbers as soth come out. Up 137. 97 this morning right now, switch to tmobile and get four lines of unlimited for just 25 bucks a line. With access to americas largest 5