And welcome to power lunch. Im melissa lee. As brian pointed out, disney shares getting slammed on the revenue miss. The stock is the biggest drag on the dow shaping off about 20 points off the industrial average. Energy and real estate the best performing sectors, health care and discretionary the biggest losers. Check out the big movers here, yelp about 20 , co it coty soar. Thank you very much, melissa. Welcome, everybody, to power lunch. Im tyler mathisen. Losses at the u. S. Postal service narrowing from a year ago. The ecommerce boom package to offset firstclass mail declining revenue there. And amazon slashing Free Shipping minimum requirement to 25 from 35 for nonprime members. Earlier this year walmart rolled out free twoday shipping for orders of 35 or more. And apple supplier foxcon will begin construction of a u. S. Plant in the second half of the year. We begin today perhaps understa understandably with washington and arguably the most highly anticipated White House Press
Announcer this is nightly Business Report wit happiest stock on earth . Stock price rises, revenue misses. The focus is on disneys suddenly pressured Cable Network, espn. Big mistake . Warren buffett thinks investing in bonds is. But if you own them, what should you wont be . And second act. A group of entrepreneurs are getting older but theyre not slowing down, tonight on nightly Business Report for tuesday, may 9th. Good evening, everyone, and welcome. The nasdaq closes at a record for the 30th time this year. But we begin tonight with disney. A tale as old as time helped the entertainment powerhouse report a rise in earnings. The success of its latest adaptation of beauty and the beast, along with strength in its theme park business, helped disney earn more money in shares than expected. The dow component reported earnings of 1. 50 a share, better than expectations. Revenue was a tad light at 13 billion. But up nearly 3 from a year ago. That along with disappointing operating income
Hanging over the presidency. And lets not forget the dismissive, mocking eye roll from Cnns Anderson Cooper during his interview with kellyanne conway. Eye roll, really . You get the point. The heavily leftleaning, antitrump media is pushing the view that the president s days in office are numbered. They really believe this is watergate. Well, you make up your own mind. Investors clearly disagree. The dow closed at 20,943 as the news of comeys firing was washing through the markets. Investigators do not believe the event will interfere with the president s growth agenda. Not at this point. You see whats going on here . The media is whipping up a political firestorm. They want you to believe that the presidency was stolen. I guess thats politics. Wall street, the world of money, not listening. Stocks across the board remain at alltime highs. Its great to be back. Varney company is about to begin. Welcome back, your dreams were your ticket out. Welcome back. Warm and fuzzy. Stuart thats
Message is xi jinping trying to send and how is it being received around the world . We are seeing this risk rally play out across asia markets. Completely unsurprisingly, the intors seeing most gains australia and tokyo are energy, materials, infrastructure related stocks looking to get a from the 78t billion pledge by the chinese president in his roads initiative. We are 30 minutes away from the china. In looking at the theme today, its hard to get away from the higher bys drive, led the cohesive comments from the Oil Ministers of russia and saudi arabia and beijing yesterday, saying that they want to go another nine months when it comes to this supply cut deal that was reached. And began in january. Take a look at this chart. To the supplier that opec cant control. U. S. Inventory numbers drilling reports as well. 20172018, and 2019 Consensus Forecast as well as the number for wti is all leading to 50 a barrel. The question is whether we can put higher put higher. We are seeing risk
Anna welcome to bloomberg daybreak. Im anna edwards. Manus im manus cranny. Another day and another momentous moment from the white house. We are talking about the Washington Post article which has been denied by the white house that the president classified information to the Russian Foreign minister and ambassador. How are markets taking this second big political punch . The dollar has dropped. It started pretty much in the middle of last week. Poor sales, cpi data so the dollar fell in the fifth day in a row, the longest losing streak since march. The dollar is back at level when President Trump came to our. This is the second political punch the dollar is lower. There is no aggressive Market Reaction to the story which has been denied. Anna the dollar weakening for the fifth day. They have seen this moments of Building Momentum building. Asia risk radar on asian equity markets now. You can see a little bit of risk aversion trading coming through as these headlines dropped. The doll