Squawk on the Street
Amazon’s Drug Store, The COVID Consumer, And Musk’s Billions
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Show notes
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.
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