Crude prices ended the day by 1. 50. Wti is up against another 16 cents to 47. 48. Brent is down by three cents to 48. 95. Earnings just out now from home depot. The dow component posted a profit of 1. 44 a share was eight cents above expectations. Revenue also beat analysts forecasts. The company also raised its fouryear guidance to 6. 27 a share. Were going to dig through the report im digging. With an analyst at this point. The stock is looking really strong today. That should help the dow to some extent. Since it is in the dow. And i believe that is an alltime high. Alltime high for home depot. And youre talk about a market cap of closing in on 200 billion. And you know, we have still a young guy, energetic dude. Started in his lifetime i dont think he was in his 20s when he started either. To create how many thousands of jobs. Create 200 billion worth of shareholder value. Its just an amazing value. And craig meniere the chairman and ceo. Pleased with a strong expected growth. Bro
168 points to the down side. At the lows we were down about 185, 186 points. So were off the worst levels of the session so far. But an interesting carry through from yesterdays trade when it was all about the fed minutes and the idea. The possibility of a june rate hike from the Federal Reserve and that really drove markets kind of a little bit more towards the volatile side. Today, most is to the down side in terms of moves. You can see theyre off by 1 for the s p 500. Utilities and staples have taken up the lead if can you call it. That up about a quarter to a third of a percent. Theyre showing signs of life here in this particular down day. The financials are interesting to focus on because so many of them, including regional banks, were such big gainers in yesterdays trade. On the idea that Interest Rates could rise on the longer end and the shorter end and maybe expand the yield curve and give them a profit margin. The net interest margins, youll hear traders talking about financ
Chicago, illinois, is home to bentleys corner barkery, a natural petsupply store started by lisa and Giovanni Senafe in 2008. Lisa how many do they need . Just one . Giovanni never a dull day at the barkery, at least for now. Lemonis after losing a pet to illness and convinced it was related to diet, lisa was inspired to open a store and carry food made with healthy ingredients. The concept caught on, and sales surged, and within a few short years, lisa and giovanni expanded aggressively too aggressively. With seven stores open, over half of them are losing money. I love the concept of Healthy Products for pets, and the petsupply industry generates over 16 billion a year. With the right process in place, i feel confident we can fix this broken chain. Im headed to bentleys corner barkery in the Arlington Heights neighborhood, a suburb of chicago. This is the flagship store, and im eager to see the model they have in place. Vic how you doing . Lemonis how are you . Im marcus. Nice to mee
We will get their takes on all the news of the day in just a second. First lets begin with the deal of the day. That is maybe the deal of the year, really. Microsoft buying linkedin. Jon fortt joins us with more. Hey, jon. We spoke to Satya Nadella in the last hour. I asked him specifically about the value that he saw in this deal, what are the crown jewels that linkedin has to offer in this acquisition. Heres what he had to say. These professionals are using office 365 on one side and linkedin on the other side. So thats one massive opportunity for us to increase engagement in both. Think about the other side of linkedin. It is about higher market sell and learn. Thats all business process. Thats a huge opportunity for us to integrate and expand into business processes with dynamics so those are the two sides that are both crown jewels of linkedin, but really, its about putting them together with the crown jewels of microsoft, that is office 365 and our cloud, and thats whats sort of
Down. Goldman says we may be stuck in this range for awhile. Lets start markets and fed today, jim, a lot of discussion about whether it would be a good idea for yellen to say lets have a presser in july on the off chance we move. We might be able to explain it better. I think that would be terrific. I think yellen has been the person who has been the least yelling. She doesnt yell. She is considered. When you have someone considered as she is. She is looking at the data. A lot of people criticize the fed. Im not going to. She is trying to arrive at the right thing. Imagine if you tighten it and they got the 38,000 number. They dont know what theyre doing. The evidence shows they do. The endless criticism of all Federal Reserves and all of Central Banks around the world bothers me. I dont think im a fan because he had to reverse rate hikes. I dont know what japan is doing. They seem erratic but im not a critic of the fed. I think the fed is trying it do it right. I think yellen will do