Lowe's Innovation Labs explores and accelerates the future of home improvement through emerging technology. It is part of Lowe's Companies, Inc., a Fortune 50 home improvement company.
Lowe's launches a drone-delivery pilot with DoorDash and Alphabet's Wing, becoming the first home improvement retailer to offer the service. Customers in Matthews, North Carolina, can order more than 100 products through DoorDash for delivery in as little as 20 minutes; drones carry orders of roughly 2.5 pounds within a five-mile store radius. Lowe's says it is testing the service and may expand it if successful, while relying on DoorDash and Wing to help meet standards.
CNBC's Morning Squawk reports on rising Treasury yields, the Trump-Xi summit and McDonald's growth plans ahead of the U.S. market open. Treasury yields reach multiyear highs as markets price in a possible Federal Reserve rate hike, while President Donald Trump and Chinese President Xi Jinping prepare to discuss trade and AI. McDonald's begins displaying third-party ads on digital drive-thru boards as it targets a media-network business that could eventually reach $1 billion; its shares fall nearly 5% after its investor presentation.
