We begin with the battle of the retail giants. Heavyweights from china and the us get ready to unveil there latest results. The chinese online giant alibaba will tell us how it performed in the first quarter. Then just a few hours later americas walmart, the biggest retailer in the world, will unveil its latest earnings. Investors will be looking to see if the companies have been affected by the trade war between the us and china. Alibaba, which is like amazon, paypal and twitter rolled into one, has a growing Cloud Computing service and announced its expanding its business to Business Service in the us. It is. 24 trillion, and alibaba wants a slice of that pie. Meanwhile, walmart is proving it can do business on the high street and online. The companys e commerce sales increased a1 in the last four quarters. Its also added 2,000 new brands to the website in recent months which has been a boost to profits as well as helping it take on rival amazon. But the big risk factor for both is t
Over the weekend. For many there will be some sunny spells but i have the black wind arrows on here to give you an idea that it is unusually windy, guts potentially up to 50 mph, particularly on sunday. Goodbye. Hello, this is business live from bbc news with victoria fritz and sally bundock. Retail titans alibaba and walmart get ready to unveil their their latest numbers amid the shadow of the trade showdown between us and china. Live from london, thats our top story on thursday the 15th of august. Are the titans feeling the burn . Retail giants alibaba and walmart get set to reveal the fortunes of retailing in china and the us. Also in the programme. Market turmoil recession fears spark a big sell off on wall street but asia pares back earlier losses. This is what we are looking at the start of the trading day in europe. You can see it is pretty flat but equity sliding a little the red. Into the red. Also, the street food explosion vendors and food trucks are one of the trendiest way
Better its very difficult to have an opinion on the market. Tremendous market confusion. I called people the last few days and they said, bob, give me an opinion are we going to have troops in hong kong or not going to have troops in hong kong . Is there going to be progress on the trade talks or not going to be progress on the trade talks just by the end of the year, is the fed going to aggressively cut rates or is the fed not going to aggressively cut rates . And most importantly, bob, can you tell us if the Global Economy will stabilize by the end of the year or not stabilize . This is a lot to model for aflt lot of these growth ml that people have, bond yields are one of the most important components its a difficult situation the one thing that makes me a little optimistic is the bull argument, bob, separate the manufacturing economy from the consumer economy and today we had reports from two of the Big Consumer Companies in the world walmart and alibaba. The big u. S. Consumer com
Good morning. Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. Its throwback thursday. Throwing it back with this 1999 hit, blue. Did this make it to the uk . It did. Not sure how many other songs by the group did. This sounds very europe. It does sound like german te techno music. Lets check in on the Global Markets. Dow futures are up 14. S p is up 4. Nasdaq up 1. 5. This after the worst day for the s p and dow since september, worst day for the nasdaq since june 24th of last year. That was the brexit day we action. Broad based. Financials took it the hardest. The tenyear treasury note yield yesterday slipping to a onemonth low. That was why financials were some of the hardest hit names yesterday. There we sit at 2. 21 on the tenyear. Little changed this morning. A big move yesterday. Equities a focal point. We sat here yesterday and said so far its only been the dollar thats reacted to the prior ten days of political movement. Yesterday clear reaction in equit
Welcome to Worldwide Exchange, im sara eisen im wilfred frost your shachair all right . No, i have to move up good morning to you from me as well. Im wilfred frost. E lets check in on the Global Market picture futures are a bit down today after we saw fractional gains yesterday. A little bit of a pull back today. Less than in the european markets. Nasdaq down by 11 points dow 6, s p by 2. The fed minutes yesterday seen as a bit dovish, but at the margin it seems like theres a commitment to the normalization of policy, albeit perhaps rate hikes there remains division on. Tenyear treasury note, a bit of slippage yield to 2. 24 around that level again. Yields came off a bit because of the dovishness of the minutes and those political issues global bonds rising today as for the action in asia overnight, lets show you what happened after wall street lost much of its earlier rally. Japan closed in the red fractionally hong kong down a quarter percent. Shanghai comp and kospi in korea continu