Is this a turning point for yields around the world. Well get fed minutes later on today. Road map begins with retail earnings, target and lowes soaring in the premarket on their results bucking the downward trend in retail. One week since the dows 800 point drop were close to recovering the losses well take a look at the wild ride over the last week. And what you can expect next. As the september 1st tariffs aapproach, well take a look at the companies that may be in your portfolio with the most exposure first up, target set to open at all time high, lowes surging on the better than expected quarterly earnings, revenues and comps. Digital sales drove more than half of the growth in q2 comps lowes reporting positive comps in all of their geographic regions in the United States and outpacing depot for the second consecutive quarter. We got to focus on execution. And risk taking. Both Marvin Ellison at lowes and Brian Cornell at target took big risks. Some people say they blew up the way
Year not beating estimates. David it looks like their stock is down in the premarket about 2. 5 . Home depot before you so rudely interrupted me alix david is funny today. David not very funny. Per depot beat earnings share, a little light on revenue. They basically blamed a lot on lumber disinflation, basically. They are warning a lot about china. One is how they want to eat up the lumber costs, a 21 drop in the cost of lumber. At the same time, you have continued slowing homebuilding, but theres a lag for that. Home depot not necessarily feeling the full effect of that could weakness. Because of the price of lumber, overall sales are down. They took it down for the year. There estimates went down. Ls, theykoh reaffirmed their adjusted Earnings Guidance on that comp sales mess. We will dig into retail more over the next couple of hours. The equity markets looking a little bit soggy here, with s p Futures Party much flat. Dow jones off by about five. It doesnt feel like theres a lot of
Pete said, better to be late and right then open up early and have the market start mismatched. David pretty good for journalism, too. Taylor it keeps us employed. Lets take a look at the markets. It has been a wild week. To comeready for alix back because i still need to recover from this. We are finally getting a bit of a lift with equity markets. Sort of recovering after a day of relief yesterday as well. 1. 50 percentow yesterday, recovering to 1. 55 . Year briefly hit negative on the 10 year at a record. At eurodollar. Not only is this a Dollar Strength story, this is a Euro Weakness to 1079. We are weaker on euro to 1. 1079. We are weaker on euro. David that looks pretty good to me. Taylor lets get a bloomberg first take. We are joined by bloombergs rachel evans and Brooke Sutherland. I just want to recap what a week this has been in the markets. Take a look. David and i were talking about the 10 year and 30 year bond yields, down 25 basis points alone for the week. Rachel, youve
Decline, 1. 54 . Up morestens spread than four basis points. Again, nvidia is one of the top performers today in the s p 500. Its having its best day of 2019, in fact. Analysts see gained strength. Guy as youve just shown us, equity markets a little higher today. As we were hearing at the back of the last program, no big headlines today. The market feeling much more stable, and a more stable session on both sides of the atlantic, but what a week it has been. The stoxx 600 in europe down, down, down, getting a lift today. We are down 8 10 of 1 on the week. Lets show you some other asset classes. The german tenyear kind of stable today. We are moving by one basis point , still 70 at the front end of the curve. We are watching may be an effort to unseat boris johnson. The market likes that, up 6 10 of 1 . Dkk, the danish krona the danish kronor, because apparently the u. S. President wants to buy greenland. Vonnie financials had a bit of a tough time as rates have started to come down, an
nine miles people to go in and pay their last respects to queen elizabeth. there will never be another like her. common ground starting to emerge. justice department and former president trump s legal team over the appointment of a special master. it appears both sides agree on former judge raimondo deery. 26 last week. 26 is a weird age in hollywood. you are young enough to play a high school student but you are too old to date leonardo decaprio. in dallas. 5:00 central time. you should whisper. ainsley: wake up, get dressed. brian: cowboys think they are in a bad dream dallas play terrible and lose their starting quarterback for two months. chris, would you look that up or carley, would you look that up? it out for two months. ainsley: 91 degrees. low of 65. 67 right now. sunny, thursday, friday good weather for the weekend. steve: it s dallas, it s your 5:01 central time wake-up call. good morning to the dallas-fort worth metroplex. speaking of numb