Gain since july and europe mixed for the time being. Our road map with more bad data from american retailers. Walmart sales and profits below estimates, kohls disappoints blaming on the weather or a weaker consumer. David tepper says theres a time to make money and a time to not lose money. Can you guess what time it is now . Cisco beats as sales fall. John chambers sends the stock higher. First up walmart did report numbers of 1. 10 a share, a nickel below, sales fell for a fifth consecutive quarter. The quarter forecast shy of consensus, weather shaved 3 cents a share off the q1 earnings, and kohls missed with quarterly results. Comps down 3. 4 , but walmart is the real story, jim. U. S. Comps down 1. 4, we were looking for a slightly positive number in this country. Comp traffic down 1. 4, really just not a great quarter. I like to scan these in preparation in coming up in the show and go over the release. Im looking for something positive, something that says double digit. So this
Largest ecommerce be the in what could most valuable tech company. Meanwhile violence in ukraine is spreading to other parts of the country, alleged prorussian separatists killing ukrainian troops. Aev says it is turning into real bore. All of that ahead on street smart. Lets look at these stocks were watching as we head into the close. I want to go to julie hyman. I want to start with pfizer. We have seen so much activity in the drug sector. They failed to make more than estimated. The ceo talking about what could happen if you see that big pfizerastrazeneca deal go through. They are talking about the implications for any potential rake up of pfizer. The Company Thinks it would possibility. Our lesley they would have to reject or how that would be done. Obviously they would have to the way that would be done. And foreign sales were influenced by an outbreak of bird fuel and china. International chicken sales really felt the pain from that. And finally we have the potential deal, looki
Cutting another 16,000 jobs, 48,000 job cuts in total. In secondquarter profits but yet another drop in the 11th quarter in a row. Facebook taking steps to improve user privacy. From new users will now automatically default to friend. That means it can see be seen by friends only. They are also rolling out a privacy checkup tool that will remind you about privacy setting. Air b b has agreed to provide the new York Attorney general about with data about its host, new york city. They will have to provide names if the attorney general chooses to investigate. Our lead story of the day, shares of j. D. Com are off to a good start as the company went public today. Shares rose after being priced at 19 last night. They raised about 1. 8 million for jd. Com. They have a Business Model similar to amazon. They now have a market cap of 28 billion. They are the largest chinese internet listing in new york. Of course, alibaba will easily take that title once a goes public. Cory johnson is here with
They will now automatically default to friend. That means it can see bc my friends only. Be seen by friends only. There are also rolling out a privacy checkup tool the lower spine you that will remind you about privacy setting. Move more than 1400 workers to it this new complex in sunnyvale. They declined to comment. Theyre also leasing space in santa clara as they fill their new headquarters. Spying feud between the u. S. And china is not letting up. China now says they will apply tighters group me before to foreign internet companies. Companies that do not pass will no longer be allowed to sell products and services in china. This is after the u. S. Charged five Chinese Military officials with espionage. First, to the lead story. J. D. Com are off to a good start as the company went public today. Shares rose after being priced at 19 last night. They raised about 1. 8 million for jd. Com. They now have a market cap of 28 billion. They are the largest chinese internet listing in new yo
Ibm is reselling technology. Theyre trying to steer customers to ibm products. That is according to an internal memo. This is a big blow to net apps. The founder and ceo is worth one point 6 billion after his company went public. All sorts of products directly to consumers. It is the biggest Chinese Internet Company in the u. S. For now. It is a massive deal expected later this year. The Number One Company for pay and benefit in a new Glassdoor Survey will stop Tech Companies dominated. Intuit at number six. The survey found that the average base salary is 128,000. That is slightly lower than apple. Stopr lead story will hewlettpackard is facing a critical time in its history will stop sales fell 1 in the Second Quarter will stop this was the 11th straight quarter that sales have declined. The company did post a higher profit. Stock is gaining today. There were new cost cuts. The total number of cuts is nearly 50,000. For meg whitman, cutting costs is one thing was stop boosting sales