BY THE NUMBERS
IN THE NEWS TODAY
The United States and its allies have warned that more terrorist attacks are likely in Kabul as Tuesday’s deadline for military withdrawal from Afghanistan approaches. Two suicide bombers attacked on Thursday near Kabul’s Hamid Karzai International Airport, where thousands of people are still waiting to be evacuated after the Taliban captured the country. Thirteen U.S. servicemen were one of more than 100 killed in the attacks. (CNBC)
* Cramer explains why tragic events in Afghanistan aren’t really affecting Wall Street (CNBC)
President Joe Biden on Thursday vowed to complete evacuations and prosecute ISIS-K leaders, who claimed responsibility for the bombings. The president said, “We will not forgive. We will not forget. We will persecute you and make you pay.” He added: “I will defend our interests and our people with all measures under my command.” (CNBC)
New daily Covid cases continue to rise in the United States, to the highest levels since January to a seven-day average of about 156,000. This is an increase of 10% over the previous week. The average of seven days of new deaths per Covid daily was 1,194. This is 39% more than the previous week. (CNBC)
* How Moderna and Pfizer-BioNTech developed vaccines in record time (CNBC)
* Covid, not vaccination, has a higher risk of blood clotting, according to a major study (CNBC)
* NFL vaccine rate at 93%, mandatory vaccinations (PA) discussed
The rate of infections, however, shows signs of slowing down, especially in some states most affected by the delta variant. The United States has seen a handful of maximum cases throughout the pandemic. They reached an average of seven days of 251,000 a day in January. The hospitalization curve across the country may also be flexed, as revenue growth appears to be slowing. (CNBC)
* Texas Gov. Abbott to Deploy 2,500 More Out-of-State Medical Staff (CNBC)
The Supreme Court on Thursday afternoon blocked the CDC’s application of a federal moratorium on evicting tenants during the Covid pandemic, a defeat by the Biden administration’s effort to continue the moratorium despite a previous court signal that government action did not have the proper legal basis. (NBC News)
Apple (AAPL) will allow app developers to email their users about alternative purchase options, in a major change to App Store policies. App makers want to contact their customers directly to encourage them to pay directly and avoid Apple’s App Store rates, which range from 15% to 30% of gross sales. (CNBC)
* CEO Tim Cook receives more than $ 5 million worth of $ 750 million (CNBC) shares
Microsoft (MSFT) warned thousands of its cloud computing customers on Thursday, including some of the world’s largest companies, that intruders could have the ability to read, change or even delete their major databases. , according to a copy of the email and a cybersecurity. researcher. (Reuters)
Tesla (TSLA) filed a petition with the Texas Public Utility Commission to sell electricity to the state. The app follows the start of a large battery built by Tesla near Houston. Tesla has also built several utility-scale energy storage systems around the world, including two in California and two in Australia. (CNBC)
Johnson & Johnson (JNJ) will be allowed to separate its talc-related liabilities from the rest of its business after a judge declines to ban the company. Personal injury lawyers had tried to avoid the move, for fear it could bankrupt thousands of claims. (Reuters)
STOCKS TO SEE
Gap (GPS) reported adjusted quarterly earnings of 70 cents per share, exceeding the estimated 46 cents of consensus, and the clothing retailer’s revenue also exceeded Wall Street forecasts. Gap also raised its focus year-round, thanks in large part to the strength of its Old Navy and Athleta brands. Shares rose 8.5% in premarket trading.
Shares of Big Lots (BIG) fell 9.5% in premarket trading after losing estimates from the top and bottom line last quarter. Big Lots earned $ 1.09 per share, three cents higher than analysts ’forecasts, and its comparable in-store sales fell 13.2% more than expected. The company also said it was hit by supply chain problems and inflationary pressures.
Hibbett Sports (HIBB) jumped 6% in the pre-market after reporting better-than-expected sales and profits in its last quarter and raising its forecast for the full year. Hibbett earned $ 2.86 per share, nearly double the consensus estimate of $ 1.44.
Ollie’s Bargain Outlet (OLLI) fell 13% in premarket trading after falling 3 cents below Wall Street forecasts with an adjusted quarterly profit of 52 cents per share. Discount retailer revenue also fell short, with comparable store sales down 28% from the previous year.
HP Inc. (HPQ) surpassed estimates by 16 cents, with adjusted quarterly earnings of $ 1.00 per share, although earnings fell below analysts ’forecasts. The maker of personal computers and printers saw the global shortage of chips hampering its ability to meet demand, and the company said it sells everything it can produce. HP lost 4.6% in premarketing shares.
Dell Technologies (DELL) reported adjusted quarterly earnings of $ 2.24 per share, 21 cents above estimates, and revenue also exceeded analysts ’projections. Dell benefited from the ongoing boom in demand for personal computers and said it is successfully meeting supply chain challenges. However, shares fell 1.8% in the pre-market.
Workday (WDAY) earned an adjustment of $ 1.23 per share during its last quarter, with cloud-based HR and financial software provider also reporting better-than-expected revenue. Subscription revenue increased more than 23% over the previous year. Shares of the working day increased by 7% in premarket trade.
Marvel Technology (MRVL) stood at 3 cents above estimates, with an adjusted quarterly profit of 34 cents per share. However, the chip maker’s revenue only matched the street forecasts and its cost of goods sold rose from the previous year. Shares fell 3.6% in the premarket.
VMWare (VMW) reported adjusted quarterly earnings of $ 1.75 per share, surpassing the consensus estimate of $ 1.64, while the enterprise software company’s revenue was slightly above Wall Street forecasts . However, cloud-based business revenue did not meet some analyst forecasts, and shares fell 5.7% in the pre-market
WATER COOLER
Responding quickly to criticism that an episode of his HBO documentary series about the 9/11 attacks gave credibility to conspiracy theories, filmmaker Spike Lee released a new final cut to the media that removes all interviews about what caused the collapse of the World Trade Center buildings. (NY Times)