Quarter declined because people assumed health care was going to create a delay. Without further delay, lets go to scarlet on home depot. The earnings just came out, a beat, secondquarter earnings per share of 1. 52. Expectedthan bottomline number. Sales topping estimates as well. Depot confirms its fullyear sales forecast. Adding to its buyback program, overbillion Share Buyback the remainder of this year. He moved to engineer a higher earnings per share number continues. With adam parker joining us in the next hour from Morgan Stanley, use of cash. The pressure to deploy cash. You see that in the bhp billiton restructuring. What are we going to do to distribute cash to shareholders. 838 on the the 16 dow. A distinction between home depot and lowes, the Bloomberg Industries team pointed out sales will likely come in stronger. An estimateds 4. 4 . Home depot doing it more effectively than lows. Medtronic and t tj maxx report earnings as well today. Hasuple items of note it been 10 year
Wall street. A look of what is going on market wise. Good morning. I usually start with a map of overall asia. Story to one of the Biggest Industries which is taking the lead. Cutr china surprise rate for the first time in two years, we are seeing iron ore, taking a hit off by 44 . These big ones. Gain today, 10 to boost iron ore. All rising to an upset. You are also seeing gains. The big was like rio tinto. These are the reactions. The overall picture. You can see it is there. Seeing it clearly. Japan is closed. We look forward to the opening of shanghai some. Australia, you can see all of these off by 9 some up by 17 . A clearly that is driving the momentum. Dollar, get rid of that marker. If i pull up the aussie, there it is. On friday after the surprise rate cut from china, you saw this right here. A bit of a strengthening of the currency a weakness in the currency. That traits right about their. What to watch out for. Over to you. Thank you. Political gridlock after the resignatio
The president would act alone. Here is mitch mcconnell. I hope that the president would look at the results and decide to come to the Political Center and do some business with us. I still hope he does. The early signs are not good. May try to stop the immigration plan by refusing to find it. The bear market in allele raising questions about what opec will do, the price of brent rose. Heading for its eighth weekly decline, the longest retreat. Opec meets two weeks from now in vienna. More accounting issues at hertz. Hertz will restate earnings for the last three years. Eight review found 87 million in accounting errors. Cut 100 Million Dollars in costs. The battle between amazon and hachette is over. Agreement,o a new hachette will benefit from better terms when it gives readers lower prices. Amazon has agreed to feature hachette books. As some positive news out of europe. The euro area gdp through faster than expected and the Third Quarter thanks to better performances from germany an
Charters biggest shareholder is billionaire john malone. Charter tried last year to buy Time Warner Cable, but that offer was rejected. Once again greece is trying to resolve its differences with europe, so yet more bailout money. Talks resumed today between greece and the imf. Greece is running out of money but european lenders will not release the bailout funds unless the greeks promise reforms on labor and rules. The biggest political up saint a decade. Polish bond yields rose after andres bruno was elected president. He also said said vice chairman sally fisher says the central bank is playing a waiting game when it comes to Interest Rates. Says of the fed raises rates too quickly, it will be difficult if the fed if the economy does not take off. We have another phrase. Our processes are not date determined, they are data determined. Wait and see what happens. We do not have to announce we are going to do it in september. If the economy is growing slowly, we will wait. Vonnie Stanl