Cci up one point today. Oil is just above 42. In our road map this morning, target with a beat and a raise while lowes misses. Issuing words of caution, and11s years ago today google went public. First up target posting better than expected numbers. U. S. Comps up 2. 4, driven by items includes apparel. And then theres lowes a Quarterly Earnings miss beating on revenue. Comps up 4. 3 but issuing guidance slightly above consens consensus. 25 straight quarters of underperforming depot. Everyone underperforms depot. That Conference Call yesterday, its like they had this comp average, okay, about what aisles are doing better than others, and there were almost everything. Big ticket stuff and big ticket appliance for lowes. In my many dealings with home depot, were excited about the outdoor. You get spring planting season. Thats historically their christmas. In huge parts of the country, they had bad business. They still blew away the numbers. I have to tell you i feel bad for lowes. Lowes,
Biggest increase since february ahead of the jobs number tomorrow. Our road map begins with facebook shares poised to hit a new record after last night. Whole foods misses expectations. Sales growth at a fiveyear low. Find out how the coceo explained this to jim on mad money last night. Homeaway, well talk to the ceos in the next hour. But facebook is poised to open at a record high while entering the 300 billion club. The Third Quarter results beat estimates. 78 of ad revenues now coming from monthly active users. On last nights Conference Call, Mark Zuckerberg said video is another area where facebook is continuing to make progress. Take a listen. On average there are now more than 8 billion daily video views on facebook and 500 Million People who are watching daily. To offer even more engaging video experiences, weve added live video for public figures. And we now support interactive 360 videos. 78 mobile. Three years ago it was 14 . Remember that . Remember when they had a mobile p
Liner for more than three months . A japanese paper out reporting cold winter temperatures were a factor in the meltdown of the lithium ion batteries which caused at least one of the boeing 737 dream liners to make an Emergency Landing in japan. Meantime, in alternatings news out of japan, it was a big quarter for toyota has the highlander is hot. Toyota posted a better than expected 3. 4 increase in quarterly profits and the automaker raising the outlook for the year. Can we move back to the battery . The battery thing, people dont have battery hybrid cars and things like that in cold places simple will ily because of the weather. Batteries dont do well in cold. Thats the whole thing. We had a guy the guy from toyota who lives in michigan who wont have a hybrid car in michigan because its too cold for the battery to actually do its thing. I would think this the plane is going its freezing up there every day. Im not a is that good news for boeing . Does it signal simply just a battery
2 . Road map begins with earnings from hp a big hit from the stronger dollar. An exclusive interview with meg whitman in a minute. Beat from lowes and from target. Those stocks both higher in the premarket. Hawkish or dovish . Janet yellen day two, heads to the house for her second day of congressional testimony. First up, the dow and the s p coming off record closing highs. The nasdaq aiming for an 11th consecutive day of gains. Better than expected results from retailers, target and lowe and yellen back to the hill for testimony, before the House Financial Services committee. Jim, three sessions left in february. Weve had records on the dow, the s p, the mid caps the russell, the dax, the ftse. Whats left . It all makes sense. When youre in a Conference Call like i was, listened to the amazing cfo from home depot, really is the dean of cfos, and shes tracing out a story which says, you know what people are spending much more on their home and we have homes coming off of renting and b
The Worlds Largest ontime rate online retailer, known for operating on razor thin margin, saw more than double what was expected. The news is wearing on investors and the stock is down 10 in premarket trading. I want to bring in the head of north american research. Also joining us is jason, an analyst at oppenheimer. Why do investors seem to care now . Weve known they want to operate at a loss . This is the Second Quarter in a row where the stock has reacted negatively to quarterly earnings. Theirors on the margin patience is wearing thin with the investment at all costs and topline growth at all costs, at the expense of profit. It is an issue that management is starting to think about. They are starting to play hardball with some of their suppliers, for example on the media side, with hachette. They want tothat, they dont want to raise prices. The ceo cfo made no bones about it. They will continue their investment in the company. They feel extremely bullish longterm about the story of