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Squawk on the Street

Amazon’s Drug Store, The COVID Consumer, And Musk’s Billions

Carl Quintanilla, Jim Cramer and David Faber discuss Amazon’s latest move into the pharmacy space, offering online prescription fulfillment & free delivery for Prime members. The launch of Amazon Pharmacy pressuring shares of traditional drug store retailers like Walgreens (WBA) & CVS Health (CVS) Rite Aid (RAD), as well as pharmacy start-ups like GoodRX (GDRX). Plus, watching retail and the COVID consumer, key reports from Walmart, Home Depot & Kohl’s, stocks pull back a day after setting new records. And Elon Musk’s billions, on track to become the world’s 3rd richest person as Tesla gains a spot in the S&P 500. Tesla among the highest-valued companies ever the enter the benchmark index.

Broadcast on:
17 Nov 2020

Carl Quintanilla, Jim Cramer and David Faber discuss Amazon’s latest move into the pharmacy space, offering online prescription fulfillment & free delivery for Prime members. The launch of Amazon Pharmacy pressuring shares of traditional drug store retailers like Walgreens (WBA) & CVS Health (CVS) Rite Aid (RAD), as well as pharmacy start-ups like GoodRX (GDRX). Plus, watching retail and the COVID consumer, key reports from Walmart, Home Depot & Kohl’s, stocks pull back a day after setting new records. And Elon Musk’s billions, on track to become the world’s 3rd richest person as Tesla gains a spot in the S&P 500. Tesla among the highest-valued companies ever the enter the benchmark index.