Has investors start to reassess risk. The other risk that needs to be reassessed, are we underpricing the fact we could see an upset in the conservative majority, cable down. 2 . Coming up, a host of interviews from the bloombergs Economy Forum. Tomorrow, standard chartereds ceo anddman sachs former white house adviser gary cohn, an absolutely stunning lineup. Lets get the first word news with Viviana Hurtado. He didnt initially realize the white house was putting unacceptable pressure on ukraine, this from a former envoy. Joe biden. Ng former special envoy kurt volker was one of four witnesses yesterday. Next will be Gordon Sondland. The fed minutes will likely reinforce rates are on hold. Chairman powell addressed the congress twice last week. The signal policy is in a good place provided there isnt a material reassessment of the outlook. The key thing from the minutes will be what that phrase means. Protests in iran have left at least 106 people dead according to amnesty internation
Maria welcome, lowes reporting Quarterly Earnings a moment ago, Ashley Webster are. The numbers. Ashley lets get right to it, eps, adjusted basis 141 per share, better than estimate of 1. 35 but revenue coming in just a tad short 14. 4 billion, we were looking for, or at least the street was locking for 17. 68 billion, a little miss on the revenue side, it is reaffirming says lowes, outlook for the rest of the year, in fact, its raising eps estimates which is pretty solid when you consider disappointing result from home depot yesterday, as you can see, though, premarket, lose down 3 , total sales up 2 , but other than that comp sales were up 3 , the outlook or certainly, about where we expected it to be, maybe as comparing this to home depot, maria, a little less on the downside although i wouldnt say that much on the upside if that makes sense, the stock coming back a little bit in premarket, this is not a bad report at all and certainly raising the outlook for the rest of the year ce
Kind of an ugly day, dow shed 113. The nasdaq declined 0. 15 i wont hammer you on the trade talks but highlight an opportunity that works regardless of how things play out with china for all we know the trade tussle could be with us for ages. I dont want you missing out on amazing opportunities that we see out here that arent bound by the narrow confines of the prc versus the United States so let me lay it all out for you. Thousands of companies are in trouble right now because they dont know how to deal with technology they dont understand the sales force or cybersecurity or pagerdutys always on mentality. If you want to compete having the right tech gives you an enormous edge. Thats the thesis that bind so many of them thats why target i think reported a blowout quarter, not just this morning and by the way a lot was Brian Cornell knowing how to use technology and kohls reported a hideous shortfall yesterday. Target has the right kind of tech kohls hasnt spent enough on it more later
It always leads us to our road map. It starts not with the stock market but with the big Company Named walmart and its shares, which are set to open at a new all time high. The retailer delivers an earnings beat, also forecast what is quote a good Holiday Season plus, Global Technology spanning slowdown concerns, cisco shares, they are sink ahead of the bell as we told you. Rain or shine, we always like that he will be with us for an interview and Elizabeth Warren on attack. The president ial hopeful dropping a fierce new campaign ad today shes targeting a handful of outspoken billionaires who have criticized her publicly. Many of them right here on our air. Lets get to shares of walmart they are on track as i said to open at a few all time high, quarterly earnings, Comparable Store sales up for a 21st consecutive quarter and ecommerce sales, get this, 41 in the u. S. Was what they were up that was helped by growth on what they said was Online Grocery. Walmart also raises its full year
Housing data rebounded with Building Permits at their highest levels in 12 years we are set once again for record time close on the nasdaq anything positive, of course, is a record the s p has just dipped negative the dow has been negative for most of the afternoon. Joining us for the full first hour of the show, steve weiss from short Hill Capital Partners steve, very good to see you. How you doing . Good to see you what stands out as to whether or not were going to issee a meaningful move higher or lower . Its all about trade. Home depots announcement aside, which wasnt terrible wasnt terrible or was terrible was not terrible. And the stocks appropriately are saying, theres lots of people buying it into the earnings. And home depot, lets face it, theyve delivered remarkably over the last decade, particularly since new management came in but i dont think its really a referendum this report on the health of the consumer, which is what the market is based upon. And appropriately, were b