The deadline for greece is getting closer. Some say greece will deliver a reform proposal within this hour. We will be live in greece in athens and germany, as they await that proposal. Chinas getting a break from the selloff overnight. Big rally there. No one is breathing a sigh of relief just yet. Well break down what makes chinas markets so different from other Global Markets. Wait till you hear these statistics about the role individual investors play in the shanghai market specifically. Right now, lets show you how we stand on wall street we had a big rally on the open this morning. Slowly the air had been coming out of that rally. The dow was up more than 200 points on the open. A gain of 78 at 17,594. S p up ten, nasdaq up just 24 points. Apple is one of the drags on the dow today. Well follow that story, as well. A lot of moving parts and pieces over the next couple of hours. Lets get to bob pisani on the floor of the New York Stock Exchange. So far so good. Smooth open trading
Analysts weve got the number within analyst in biotech here to give us his favorite two names in that space. Yeah, the big cap and the small cap. In that order. You really have to know biotech. You really have to know. Im looking forward to speaking with him. Plus the man that won the paper called half man, half god, for his marketmoving calls. The number one equitylinked strategy will join us coming up. Think thats on his Business Card now we start, though, with the clock the stock powering the dow higher today, that would be walmart, shares surging 5 after some key announcements during its analyst day in bentonville, arkansas Courtney Reagan has some of the details from cnbc headquarters courtney reporter hi there, bill. Investors are pretty happy as you can see with walmarts forecast, two year 20 billion share buyback. Walmart shares up more than 5 hitting highs not seen in more than 2 1 2 years so walmart reaffirming its current year forecast which brackets analyst expectations. Al
Title as the Worlds Largest retailer. The company is forecasting huge growth in its online sales. And it predicts it will happen in just a few years time. At its annual investor day, the big box retailer outlined plans to invest a lot of money in its retail operations, which pitted the company against amazon in the race for shopper dollars. That sent shares up 4. 5 in heavy volume to a twoyear high. Courtney reagan takes a look at walmarts big plans for the future. Reporter walmart is making a prediction you rarely hear in retail, 40 online sales growth in the u. S. Next year. Executives spoke to analysts in arkansas, explaining progress has been made to fix the fundamentals. There is still some runway to go. The crux of the walmarts plan uses its stores and Online Business together. The retailer says consumers that shop both in its stores and on its website spend twice as much as those who buy only instore. We have to ensure were doing everything we can to earn our customers business.
S p 500. It is in the ring with all three major averages having been flirting with unchanged to slightly lower and now unchanged to slightly higher in todays session. Awaiting the fed minutes this afternoon which could create more movement in the market. We are seeing movement and sports related, we were just talking about this, what happened with the world cup qualifier last night . I do not know if the cameramen will shake as the camera man is unhappy with the result of the u. S. Mens soccer team being eliminated from the world cup qualifying match. This is having a Ripple Effect among broadcasters with fox sports paying more than 400 million for the domestic englishlanguage rights to the next two world cups and telemundo spending 600 million for the englishlanguage rights. Fox said it world cup coverage next year will be the largest production in its history. It is down and contest is down and disney and cbs also taking a hit. A lot of Corporate Partners as well, cocacola, at t, anh
We talk about tapestry in just a bit, welcome to the closing bell everybody im kelly evans and, well weve given you the hint to the story that well talk tapestry later this hour. Im bill griffith, spoiler alert, the ceo of box is looking to become a leader in Artificial Intelligence with its latest Product Announcement aaron levy will be back with this exclusive interview from box works to discuss the latest move, coming up. Also we have underarmor shares under pressure today after a new report says teens are more or less over the brand. Companies down about 1. 5 on the session. Well tell you what teens are buying these days. Man, that was a great album the hit after hit after hit. We have breaking news from last hour, President Trump wrapping up his meeting with canadian Prime Minister trudeau. Eamon has the latest on that reporter yeah, hi fwil, youre right, that meeting wrapped up Justin Trudeau is getting ready to roll out of the white house you might see him roll right behind us h