Squawk on the Street
Crude Comeback, 5-Week Total for Jobless Claims Hits 26 Million, Target's Digital Sales Surge
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Show notes
Carl Quintanilla, Jim Cramer and David Faber discuss the morning's muted moves for stocks. Crude making a comeback clawing back some of those massive losses. U.S. weekly jobless claims hitting 4.4 million bringing the 5-week total to more than 26 million since the virus took hold. Target says same-store sales rose more than 7% so far in the first quarter. Digital sales at the retailer increasing by more than 275% from a year ago. Plus, a big mover of the morning, Las Vegas Sands reporting a first quarter loss as the coronavirus outbreak kept gamblers away from its casinos, but the company expects a relatively quick recover in its Asian markets.
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