let's also get to hewlett-packard enterprises earnings because those are out as well. >> so 32 cents,hat's verse expectations of 23 revenue, $6.82 billion versus $6.06 billion. q-4, 32 and 36 strengths census at 31 cents by segment, $3.4 billion storage, $1.1 billion. intelligent a intelligent edge, $684 million i caught up with the ceo he said stronger execution, stronger growth. reduce backlog by $500 million through improved supply chain execution. he sequential improving going forward. i asked him real visibility in the pandemic what is he hearing from customers? he said that pandemic results in permanent lasting changes. he thinks up to 50% of the workforce will not return to an office that's going to require different kind of work setting secure remote connectivity and optics in a.i., machine learning and data analytics back to you. >> it's moving after hours up 4%. >> 50% >> 50% yeah seems like a lot a high number of people, david, not returning back to offices. i guess he's talking about clients about it >> yeah. >> i mean listen, we did have zuckerberg on the facebook call so

search and former hewlett packard c.e.o. meg whitman and as i mentioned before the progressive luminary that is former secretary of state colin powell we what does this say about the state of the democratic party when some of their biggest guest speakers are well. republicans. but well i think it's just beautiful tyrrell to see the 2 parties getting along like this you know they they agree on so my people act like they're at each other's throats or there's some kind of battle here but you know if you look at the the 1st of all the republicans showing up at the d.n.c. but on top of that if you look at the stuff that's not being mentioned at both conventions because apparently it doesn't need discussing and meaning both parties agree on it well that's a lot of the core issues of this country you know like largest surveillance state in the world never really mentioned corporations buying elections not talked about anymore are analysts wars are really disguised a 1000 military bases around the world not just because pentagon fai

for transformation that works, you need hewlett packard enterprise and it orchestration by cdw. people who get it. yeah, everything is runningis smoothly with the now platform. (bling) see, incident resolved. how did you... gotta enjoy the small wins. you keep being you, derek. keep being you. >>> right now, we are watching a live shot thereof portsmouth, virginia not far from where hurricane isaias is active we'll keep a close eye on that it was down graded earlier to a tropical storm after making land fall there >>> shares of virgin galactic lower after they reported another quarterly loss telling investors it does not expect to fly until the first quarter of next year after it concludes testing. adding it plans to raise $460 million. >>> shares in aig lower after q 2 profit falls aig posting earnings of 66 cents per share topping estimates. those shares off 2.75% >>> and shares of pb trading compared to a net profit and the company cutting dividend in half the first time it has cut its dividend in 10 years you got to go back to deep water horizon for those cuts >>> still ahea

for transformation that works, you need hewlett packard enterprise and it orchestration by cdw. people who get it. >>> health care stocks trade higher z apresident trump looks to bypass safety standards in a bid to fast track the vaccine and the fda gives emergency approval for a new therapy. >> the fda has issued an emergency use authorization and that's such a powerful term. emergency use authorization for a treatment. china backs them after the company says it plans to sue the u.s. government. this as the tick to be owner looks to fight an executive order banning american companies from working with it oil stocks jump as the u.s. prepares for a historic twin storm scenario the gulf coast braces for impact from two tropical storms set to hit at almost the same time this week let's get a check on european markets and how we're trading. they had a lackluster performance. we saw concerns as economic data showed signs of the recovery losing momentum. today a very different story a strong bounce back across european markets the main benchmark up about 1.5% reflecting gains across e

for transformation that works, you need hewlett packard enterprise and it orchestration by cdw. people who get it. simon pagenaud takes the lead at the indy 500! coming to the green flag, racing at daytona. they're off... in the kentucky derby. rory mcllroy is a two time champion at east lake. he scores! stanley cup champions! touchdown! only mahomes. the big events are back and xfinity is your home for the return of live sports. >>> deutsche boerse set to announce wire card's exit from the dax. the boerse has tweaked the rules to allow for an early exit telling cnbc, questions should be asked about how the dax lists companies. >> this is not only a request of our scoop advisory mechanisms in germany and europe, it is also a question of corporate culture in general and corporate governance maybe one of the questions we have to ask is maybe we are not supposed only to look at quantitative criteria but also look at qualitative criteria, such as corporate governance and a supervisory board and i hope we have a discussion in the coming weeks and months in germany to regain the trust

strong activity in dell computer over the last several days that one made a huge pop along with hewlett-packardwlett announced those 18 pcs shipped which was a nice move for them even though i still have calls and stock in dell, i was trimming that one pretty aggressively today >> let's get out to rahel with some of our analyst calls of the day. >> these calls are all betsing on continued stay at home trends dell getting a high target of 80 bucks. citiis initiating coverage of general mills and kellogg which represent 50% of the cereal market as more of us stay home, these names will remain elevated that comes as the wall street journal indicates a decline in grocery spending as people become more price conscious in the absence of additional government aid watch that space speaking of food, dog food, chewy getting a price target of 70 bucks noting the pet product space is in growth mode and in economically resilient market. shelter populations are down more than 20% as people look to make their homes more inviting you're a crazy dog person like i am what's more inviting than a pet. >> i am. we

hewlett-packard up 6%. seeceo is saying that they robust demand driven by big data.own 2.8%.e company this may have something to do with the subscription model. we will have to look at that as more information comes out. right now, a little bit of a decline in after hours. t also up sharply, up five point 6%. they beat the earnings estimate and revenue nearly doubled year-over-year. some of these tech companies, the stories of the haves and have-nots. you were mentioning record highs during the day. that was the case. it was a mixed close even with those record highs. index of the mega cap companies apple, alphabet all closing at record highs. the dow down slightly. apple had its first down day in six days. investors, interestingly, since value is not created out of stock split's, a little bit less interested in apple on the day. emily: some breaking news across the terminal. left ear has officially filed for a direct -- palantir has officially filed for a direct listing. this is something we were waiting for. company is the data that works closely with governments,

for transformation that works, you need hewlett packard enterprise and it orchestration by cdw. people who get it. what happens when puts its customers in charge? well, the good news gets shared. and it gets rated #1 for customer satisfaction. but don't just take our word for it. take theirs. it's your wireless. your rules. only with xfinity mobile. call, click or visit a store today. >>> welcome back to street signs, everybody european markets open for just over an hour and it's already been a session we opened up around the flat line and crossed into negative territory and now we're trading positively again now this comes on the back of a difficult week for european markets. if you were long the market it was a challenge. last week the stoxx 600 dropping 3% overall pretty substantial losses for the dax and the italian market in particular. italian stocks trading 0.2%. we have green on the board up about a third of a percent the ftse 100 flat this morning it's a big week for earnings as they continue. not quite as big as last week but a lot of numbers trying to come through in

we welcome someone who has sat in that chair, carly fiorina was ceo of hewlett-packard. sure you can empathize with bob. tens of thousands of employees, i'm sure that he is testing them, and then the cdc says maybe you don't need to test them if they don't have symptoms. what do you do as a ceo to manage the business but you also have to understand something like immunology? harley: this is a difficult set of choices. what ceos want from the federal government more than anything else is predictability and stability. just tell me what the rules are so that i can follow the rules and do what i need to do to run our business. when the rules keep changing -- a majorce it, this is change in how the cdc is talking about testing. it used to be that we wanted to do trace testing, contact tracing, and now maybe you don't. the income see on mask wearing. ceos jobat makes a more difficult, particularly if they are trying, as your previous guest is, trying to bring their workforce back to the office to return to some sense of normalcy. david: it is impossible to generalize across th

for transformation that works, you need hewlett packard enterprise and it orchestration by cdw. people who get it. what happens when switch to xfinity mobile? well, the good news gets shared. and it gets rated #1 for customer satisfaction. but don't just take our word for it. take theirs. it's your wireless. your rules. only with xfinity mobile. call, click or visit a store today. >>> we have an earnings alert on gap, the stock pulling back from its after hours session highs, still up 3%, though. >> it's all about online total net sales were down 18% year over year, but e-commerce sales nearly doubled old navy, the standout as usual, with more stand-alone stores net sales were down 5%, but online sales surged 136% they were able to better do that cu curbside pickup. comps rose 12% also getting a bump from online banana republic, that's the lagger consumers turning away from fashion and work wear and toward athleisure athleta saw net sales up 24% of sales between athleta and old navy were in that athleta gear area. the strength of the performance was due to being able to meet the

. >> we saw the impact across dell, hewlett-packard, all of those sorts of names in this session today>> deutsche bank downgraded not only micron but a few other names. the concern for micron is how cyclical the company was it seemed to push through that a couple years ago but now seems to be right back into that commodityized problem where the market gets really concerned it really comes down to this there will be people that play micron for the catchup trade but in this environment that really hasn't worked the winners continue to outperform and the losers get punished >> once upon a time cisco systems used to be viewed as the bell weather in technology today what is that bell weather in your view >> chuck robbins was talking about the delay in purchases essentially pushing down to the consumer stack and where they're even more concerned when you look at the entirety of the smaller businesses and even more limited resources. it's fascinating to think about the conversation we're also having at apple versus intel and cisco when you think about how apple has slowly transformed itself i

i know antonio neary yesterday from hewlett-packard which also had pretty strong quarter offer quarterrowth, year over year still not great, but quarter over quarter and that stock will be up. jim and carl, talking about his belief that as many as 50% of the workforce is going to be working from home at some point. i find that a bit hard to imagine, but we can ask him or at least you guys will be asking -- will be able to ask him about it, carl, on "squawk alley" when i believe he will be your guest the question is are these behavioral changes that have taken place over the last six months here to stay forever or are we making too much of them >> david, i think that some of this is frankly will we feel safe do you feel safe going to the store? i mean, obviously if you had rapid testing and you knew that there was a vaccine you might want to go as richard haines said and this is the incredible quarter that urban outfitters delivered, that's not all mall based but heavy mall, said, look, clearly some customers prefer shopping in stores. if you had heard that statement two years ago would

for transformation that works, you need hewlett packard enterprise and it orchestration by cdw.it. ♪ >>> look, i see a lot of stuff that's going up. retail's starting to head up and i know that covid index headed up. and the thing i'm most worried about is the banks and i know that it's tough to sell something that's low and something that has high dividends. but they just kind of feel like the real estate investment trusts not that long ago before everything gave up there is always a bull market somewhere and i promise i will find it just for you right here on "mad money. i'm jim cramer and i will see you tomorrow ignited america's entrepreneurial spirit, and we are still blazing a trail. for those who take their fate into their own hands by working hard... we took a huge chance. i quit a full-time job. ...by working smart... who here would like to help us refine the gentleman? ...by thinking big... boomboom is intended for intense refreshment and rejuvenation. ...and chasing their dreams. my dream is want to come america to be a fashion designer. narrator: and tonight, legenda

she's also of course the former ceo of hewlett-packard. and she's voting for joe biden.good to see you again, thanks for your time. that word "radical" repeated over and over again by the president and his allies. what's your advice, carly, to joe biden and kamala harris on how to best address that label? >> you know, i think one of joe biden and kamala harris' great challenges, and i think they're up to it, is not to respond to everything that donald trump says. i think that serves donald trump's interests, to have him be able to set the parameters of the debate. i think what joe biden needs to do is to continue to talk about who he is, as demonstrated through a lifetime, a person of humility, of empathy, someone who is willing to work with others, many of whom he disagrees with, to solve problems. they need to talk about the real problems they intend to solve and how they intend to solve them, whether it's the problem of an economic crisis, whether it's the problem of racial or economic injustice, whether it's the problem of too many people who literally can't afford n

for transformation that works, you need hewlett packard enterprise and it orchestration by cdw.eople who get it. >>> welcome back to "fast money. time for the final trade tim? >> best buy. we heard about how the back to school could be a huge electronics run. this stock has done nothing but move higher. stays higher into the holiday season. >> karen finerman? >> yes i'm not following. i was already in there bank of america, i think, is overreserved even if we see terrible loan loss, they're still going to make money. >> steve grasso? >> home builder dhi, record low mortgage rates and you have the millennial getting out of the basement buying homes. that's going to continue and the best balance sheet within home builders dhi, buy, buy, buy. >> guy >> thanks for watching watching see you back here tomorrow "mad money" starts right now >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer. welcome to "mad money. welcome to

carly fiorina with us right now former head of hewlett-packard the former presidential candidate.arley, very good to have you. you were very clear in your message. >> good to be with you, neil. >> neil: same here, i apologize. they are going to make a serious mistake if they dismiss and diminish the intelligence of the trump voters. many of them have done that it's ticking a lot of those voters off. and even those who are aren't yet trump voters but now might be because of that what do you think? >> well, i clearly agree that's why i said it and i think democrats need to be very careful. look, let me be very clear, i voted for president trump in 2016. he has lost my support because i think he has failed to lead when the country needed leadership. i am, therefore, voting for joe biden. it is a binary choice. our presidential elections. but i'm not a democrat. and i think that one of the key reasons that i am voting for joe biden is because i think we need collaboration and problem-solving. i think we need people from different political points of view. one of your earlier guests ta

dell up almost 6% and you've got hewlett-packard up almost 6.5%. >>> not to be outdone, ulta, take a look at the stock. it's up almost 7%. they had a 2 ed200% jump in dig sales as positive trends at reopened stores helped to up the earnings results. it's the makeup, the cosmetics store. i love going there. it's really fun. at least seven firms raising their price targets on shares of the beauty products retailer despite a miss on revenue estimates for them. >>> morgan stanley throwing a flag on the play. they are downgrading draftkings and barstool sports, partner penn national gaming to an equal weight. morgan is warning that investors' expectations have gotten just a little too high given increasing competition in the sports betting sector and the threat that the upcoming nfl season could see cutbacks for a full cancellation. draftkings is down by almost 6% and as you can see, penn national is down more than 2%. >>> now, if those nfl fears weren't enough for you, the fantasy sports world is grappling with game cancellations across the nba, nhl and mlb. the new york mets walking off

we continue to see and that's the demand in the areas that hewlett packard industry grew 82%, which isually i believe is growing faster than any. and the reason why that's happened, carl, we provide a true hybrid experience from the edge to the cloud for all the apps and data. that's also fueling our models in term of revenues with air growing 11%. but also what we see is the need to bring resiliency to the i.t. and their operations obviously powered these new remote work force and ultimately extract every bit of value from the data and that's what we're doing. our portfolio is unique. we have a clear strategy to become the platform service company and we are starting to see the momentum >> yeah. question for you about your guidance i think it's interesting that you declined to provide guidance last quarter, but now you're back to forecasting. how much insight do you have into what kinds of both consumer and corporate trends you're going to be seeing in the back half of the year >> yeah, julia so, we provided guidance for the year on eps of 1.30 to $1.34 the reason why we have good lin

. >> you were the first female ceo of a fortune 50 company, hewlett-packard, that was in the late 1990srs later, 27 of the fortune 500 are women, only. >> i mean. is shocking. >> operations is here, social marketing is there. digital marketing is there. >> i guess i didn't really understand the gravity of how your sex and gender and gender biases really play into business until i was trying to raise money for the honest company, and walking into many rooms, venture capital rooms and literally, i think i can count one woman i ever met with out of probably seven vc firms we sat down with. and even today, when you look at the amount of investments that go to men versus women, it's quite the gap. >> being heard is really only possible when you achieve a critical mass. critical mass is based in science, and it's the idea that it's the point at which you can no longer stop a chain reaction, in fact, having one woman is considered a token. considering two women is worse for those women, because they're considered either collaborators or archenemies. it isn't until you get to three out of ten,

show me hewlett-packard, reporting strong earnings thanks to a lot of a working from home and homeschoolore computers -- >> old tech as i call it but it is a surprising trend, the consumers bought more pcs and personal computers and the work from home lockdown, after the school shots in distance learning now resulting in new laptops and pc sales, they shipped a record 18 million pcs and the march - june quarter that was offset by weakness with your printer sales, but when it comes to cutting down on cost, they say for the foreseeable future, they will buy $1 billion in stock each and every quarter, that is a lot of money, the stock is down 40% so far this year and only worth $28 billion, at its height it was probably ten times more than that but that is a sign of the times. stuart: back in the day. all to the beauty company, lauren look at that stuff, up 10%. online sales? lauren: no makeup needed to make the stock look good, what a jump, let's look at their numbers, strong earnings, online sales tripled more than the quarter, it services, this is a big deal, the salons and eyebrow shapi

you spoke to the former hewlett-packard ceo and a former presidential candidate herself about that earlier in the long term, we have issues that are holding our economy back. our and equitable education system is holding this economy back over the long-term. racial injustice is holding this .conomy back in the long-term communities that cannot participate, low income workers who barely can make enough to survive -- all that actually does hold the economy back. >> let's tackle the income inequality part of this conversation first. we know that low income workers are feeling the most pain right now. now,-- from february until employment for those making less than $27,000 he or has all in 16%. this is a massive divergence and president trump has to make a case to the lower end of the spectrum that he can help them. the peterson institute for economic put out research on what would happen if you don't get renewed covid-19 income support plans. they say that would lead to a drop in consumption and as a result, a 4% decline in total employment. minority workers would be the most affected. white

white house officials joining us now in an exclusive interview is carly fiorina, former ceo of hewlett-packardestion to ask you as someone that used to run a u.s. technology company and also ran for president. do those two interests on business and politics are colliding here with the president's policies especially banning wechat which makes companies more competitive when it comes to doing business in china cording to them. >> well, first of all, i think business and politics always collide, majrle when it comes to china. there's reason to be concerned about wechat and tiktok and that policy in general. i think the executive orders with wechat, for example, is a sledgehammer i'm concerned that process didn't include the business community at all and that's not useful. all of these businesses that were on the phone with the white house have a lot of business in china that benefits them and, of course, president trump threatening that the u.s. treasury is going to take a cut of any sale of tiktok u.s. operations to microsoft is both unwise and unprecedented so i think it will be better if the

for transformation that works, you need hewlett packard enterprise and it orchestration by cdw.who get it. in a highly capable lexus suv at the golden opportunity sales event. gets zero percent financing and make no payments for up to 90 days on all 2020 lexus models. experience amazing at your lexus dealer. >> announcer: the opening bell is brought to you by nuveen. a leader in income, alternatives and responsible investing. >>> normally we would have gotten to disney by now, jim, but market reacting well to the earnings last night, certainly the sub numbers out of disney plus as we well know years ahead of schedule and now sell side commentary that reiterates this idea that disney is pivoting to a world in which we do go to heaters and get on planes to go to parks less. >> i think that there are -- look, this was a remarkable call, first of all, because the cost controls -- no one ever thought they could amount to so much i think in a lot of ways because people thought disney was so well there was nothing you take out. this was a cost call, it was remarkable when you get to th

for transformation that works, you need hewlett packard enterprise and it orchestration by cdw. people who get it. >>> welcome back to "squawk box. this is our socially distanced version of chairs this morning california court of appeal ruling amazon can be held liable for defective goods sold on its marketplace. at issue, a defective laptop battery that caught fire and gave a woman third degree burns. amazon fended off the suit for years. third party sales makes up 60% of amazon sales. who is liable? >> it seems like it is opening up a can of worms. it would imply it would have to review every single product and stand by the safety, which is a huge undertaking >> i don't know. should online stores be different. if it was a store, like a lululemon. you hurt yourself, hard to hurt yourself with such stretchy pants. you know what i mean >> joe probably knows what you mean >> i don't like anything that emboldens the torque bar >> all of those magnetic business cards going after the ambulance, right >> we have lawyers watching us most of them hate me i don't know why we have a lot h

hewlett-packard up 2%.are just getting started this morning, coming up next michigan congressman deb' dingel is -- debbi dingell is here. next hour former new york city mayor giuliani is here fresh off of his own speech last night live at rnc. in 8:00 a.m. hour tennessee marsha blackburn and executive chairman discusses oil markets, all that and a lot more plus predicting 2020 and what political scientist says will happen in november. you're watching mornings with maria live on fox business. of the market. it's smarter trading technology for smarter trading decisions. fidelity. maria: welcome back, we've got a big show coming up this morning. joining the conversation all morning fox business dagen mcdowell and wall street journal assistant editorial page editor james freeman. great to see you guys this morning. >> you too, morning. dagen: morning. maria: yeah, i want to get your take on rnc and what's ahead, what, less than about 70 days until the election, let's look at hurricane laura and the path of dest

for transformation that works, you need hewlett packard enterprise and it orchestration by cdw.get it. >> announcer: an august for the record books changes in the dow splits for apple and tesla should mor >>> welcome back to "squawk box. take a look at the futures right now. they had been to the upside all morning. dow indicated open about 57 points up above 100 points earlier. s&p 500 ahead by a little more than a quarter of a percent right now and nasdaq up 41 points at this hour. brian? >> all right thanks, mike. >>> now to washington and the big topic that may be both wall street and main street care about. fate of another potential relief are and stimulus package for american families and workers. joining us with the latest, is there a very latest? >> reporter: well, brian, democrats and republicans have moved fractionally off their last offers, but there is still $1 trillion gulf between them. house speaker nancy pelosi indicated that democrats are willing to go down from $2.4 trillion to $2.2 trillion. meanwhile, white house chief of staff mark meadows is willing to go up

and meg whitman, former ceo of hewlett-packard, a republican candidate for california governor and chairmanris christie's campaign. we will start with curtis, baltimore, maryland. a supporter of joe biden. go ahead. caller: good morning, sir. glad to be on the air with you. i want to start by saying that i am an independent voter, but my support will be behind the i hope allticket, as independent voters will be. i think we did an outstanding job. i did not get to see the entire of the show last night, but i was listening to it at 5:00 this morning on the radio. i think michelle obama and bernie sanders both did outstanding jobs. i am just hoping that we can make a change for the positive in this country this election and vote this creep out of office. host: if you missed the events of yesterday, you can go to our website at c-span.org and see if there. -- see it there. from california kevin. a supporter president trump. caller: thank you. . am so happy michelle obama did an outstanding job. they went with anyone except for her on the ticket. biden, if he goes up against the thinkent, donald

for transformation that works, you need hewlett packard enterprise and it orchestration by cdw.o get it. you say the customers maklet's talk data.s. only xfinity mobile lets you switch up your wireless data whenever. i accept! 5g, everybody's talking about it. how do i get it? everyone gets 5g with our new data options at no extra cost. -that's 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 that's simple, easy, awesome. switch and save up to $400 a year on your wireless bill. plus, get $400 off when you pre-order the new samsung galaxy note20 ultra 5g. >>> all right everybody, we have stocks to watch this morning t-mobile says it has overtaken at&t to become the nation's second largest carrier verizon remains number one t-mobile added 1.2 million new customers in the latest quarter. posted better than expected revenue during the period and shares of that stock are up by about 4.8% on the news then check out shares of quicken loans parent rocket companies. they jumped in

bush administration 2001-2003 and the former ceo of hewlett-packard, meg whitman, republican candidate for california governor and co-chairwoman of the presidential campaign, couple highlights, we start with curtis in baltimore, maryland, joe biden on the first night. >> we have to leave this program. you can watch our programs online, c-span.org. the u.s. senate is about to come in, part of our long-time commitment to bring gavel to gavel coverage of congress and now live to the floor of the u.s. senate on c-span2. the presiding officer: the senate will come to order. the parliament will read a communication to the senate. the parliamentarian: washington, d.c., august 18, 2020. to the senate: under the provisions of rule 1, paragraph 3, of the standing rules of the senate, i hereby appoint the honorable ted cruz, a senator from the state of texas, to to perform the duties of the chair. signed: chuck grassley, president pro tempore. the presiding officer: under the previous order, the senate stands adjourned until stands adjourned until they are holding every three days while an legisl

bush administration 2001-2003 and the former ceo of hewlett-packard, meg whitman, republican candidate for california governor and co-chairwoman of the presidential campaign, couple highlights, we start with curtis in baltimore, maryland, joe biden on the first night. >> we have to leave this program.