Carl Quintanilla, Jim Cramer and David Faber discuss the big move in gold, as it hits a record high. The major averages in the green, moving higher to kick off a big week for earnings. Shares of Moderna skyrocketing, after the company said it has received an additional $472 million in government assistance for development of its COVID-19 vaccine candidate, and that a phase 3 study has now begun. Over the weekend, Treasury Secretary Steven Mnuchin saying that Republicans have finalized their latest piece of coronavirus relief legislation. The bill is worth about $1 trillion and is set be introduced Monday. Shares of Under Armour taking a hit after receiving a so-called “wells notice” from the SEC. That noticing giving details on charges it’s intending to bring to the company, related to a previously disclosed probe. The CEO of Walgreens announcing he’s stepping down from that role and will become the executive chair of the company. Plus, the CEO of Albertsons joining the “Squawk on the Street” gang to discuss his company’s earnings beat. Revenue was in line with Wall Street forecasts, while results were helped by a 26.5% jump in comparable store and digital sales.
Squawk on the Street
Gold Hits a Record High, Moderna: Phase 3, Walgreens CEO To Step Down, Albertsons CEO
Carl Quintanilla, Jim Cramer and David Faber discuss the big move in gold, as it hits a record high. The major averages in the green, moving higher to kick off a big week for earnings. Shares of Moderna skyrocketing, after the company said it has received an additional $472 million in government assistance for development of its COVID-19 vaccine candidate, and that a phase 3 study has now begun. Over the weekend, Treasury Secretary Steven Mnuchin saying that Republicans have finalized their latest piece of coronavirus relief legislation. The bill is worth about $1 trillion and is set be introduced Monday. Shares of Under Armour taking a hit after receiving a so-called “wells notice” from the SEC. That noticing giving details on charges it’s intending to bring to the company, related to a previously disclosed probe. The CEO of Walgreens announcing he’s stepping down from that role and will become the executive chair of the company. Plus, the CEO of Albertsons joining the “Squawk on the Street” gang to discuss his company’s earnings beat. Revenue was in line with Wall Street forecasts, while results were helped by a 26.5% jump in comparable store and digital sales.
- Broadcast on:
- 27 Jul 2020