They were a little lighter than estimates, but still up by about 1. 6 . This is on the heels of Dollar General, that really crushed it. Heres a negative. They might see earnings on the higher end for the full year. They do not see revenue on the higher end for the full year. They see 43. 6 billion. They had seen 43. 9 billion. That could be a marginal weakness. David stock is up in the premarket a little less than 1 . You mentioned Dollar General, which has a strong showing. Alix blew outcome a really. Raised their guidance, they see fullyear sales forecasts rising. They did point out there are a large number of sales in their lower margin products, so margins will be an interesting story for them, but i think it always is for the Dollar Stores. David absolutely. The beat on earningspershare for the Second Quarter, and comp sales were up 4 . You can see they are up about 6. 5 in the premarket. Alix this will add some early optimism in the markets. S p futures up by a solid 1 , over 290
Shanghai and tokyo were moderately lower the nikkei finished down by almost 0. 9 . The shanghai was down by twothirds of a percentage point. This comes as we were getting manufacturing data out of china showed theyre still contracting. It was better than anticipated the number was 49. 7. That was better than the 49. 6 anticipated. Still below 50 in hong kong, the hang seng was down 1. 3 . Trading was cut short there because of an impending tropical storm. Markets were normally close at 4 00 p. M. Were suspended for the second half of the day this morning there are a mixed picture. The dax is up. The cac is up slightly the ftse is down a bit finally look at whats happening here in the treasury markets the tenyear right now ahead of that fed meeting, 2. 054 lets look at whats happening with gold. That could be a mover after todays fed decision gold is up more than 10 in the last three months. Apple big number of the week and its our top corporate story. Earnings and revenue topped estima
Disney also in focus this ahead, of course, that will be an after the bell Earnings Report but the companys espn unit striking that deal with ten entertainment. We will keep an eye on eli lillys record run sparked by not just its diabetes drug but also that very encouraging study in terms of the broader impact of those weight loss reduction drugs. Also an upgrade this morning jeffries. Thank you start with disney and that espn Sports Betting deal sounds like this morning that you wonder why markets not making a bigger deal of it on the disney side. Yeah, because i think one aft things theres 55 Million People who play fantasy. What people usually do is they have their lineup, they put their team on the espn site, but then they go to draftkings to play daily fantasy and daily fantasy is huge in this country now, i think Jason Roberts has done a fantastic job at draftkings, and disney had a stake, but now i think youll stay on the disney espn site to do your gambling and that is very pow
Border czar missing in action, thats for sure. Cheryl good to see you, tom. Next hour of mornings with maria starts right now, everybody. And its time for the word on wall street, top investors watching your money. Joining me now investment senior portfolio manager, Thomas Martin, also with me here on set is mike lee. Were not giving him a break today. Tom, i do want to start with you. Taking a look at futures this morning, last trading day of the month. We were mixed earlier, now were in the green, dow up 46, nasdaq up 3 and a quarter, s p up 4 andahalf. Weve got big numbers coming out. Were going to get earnings from apple, from amazon, those are Second Quarter numbers after the bell thursday and then were going to get alphabet. This is interesting. Their stock jumping 10 last week. They had better than expected numbers. Earnings and revenue driven by cloud service, online ads and of course the big one, the push for a. I. Tom, your thoughts on earnings so far . Not just in the last w
Ten minutes, if you have questions about the situation in iran, send them my way, bbcos is the hashtag. Lawyers for President Trump are trying to block the release of a book about him. Its called fire and fury inside the trump white house, its by Michael Wolff, its not even out yet already, but he and his publisher have received this 11 page letter. It says the book contains false and baseless statements which give rise to defamation by libel, inducement of breach of contract and much more besides. Any number of things may have upset mr trump. This bbc article lists the most remarkable claims. Top of that list is mr trumps former chief strategist, steve bannon, saying a meeting between the Trump Campaign and a russian lawyer was treasonous. It also claims Melania Trump cried when it became clear her husband would win the presidency and that mr trump was horrified. And that the president was upset so many a list stars declined to attend his inauguration. A lot of interest in this book,