Recount in that fight for a p g board seat and cisco shares up 6 premarket on an earningsdriven recovery walmart, though, is up sharply in the premarket the dow component reporting better than expected earnings, revenue, and comps, which were the best in eight years. Online sales up 50 . Walmart issued some upbeat guidance for the full year jim, you just said to joe, that Doug Mcmillen may have reinvented this company for real hes done a great job in bringing in mark rory of jersey fame hes done a lot of tech stuff for jet. Com. Smart. I think this was the quarter where you realize, were playing for keeps. We can actually make a lot of money, cutting prices, bringing people in, well, whos that . Thats amazon. So we found our toetotoe now the stock was down yesterday, down about a buck and a half, off of target. That turned out to be a mistake. This company is taking share by the way, online 50 is rather remarkable this is a reinvention. And i think that people have to recognize, when w
All that is ahead. First, to our lead. Alibaba shares fell to a record low, declining as much as 8 . Declining 10 after sales climbed up the smallest pace in three years. We spoke with the ceo and asked how concerned he is about a broader slowdown in the chinese economy. People come here not only for specific purpose. They come here for lifestyle. We are confident for the longterm growth. We will continue to closely monitor the Consumer Behavior and chinese economy as a whole. We are confident for growth. Emily that was daniel zhang, ceo of alibaba. Spencer ofe now, Bloomberg News and the director of Stanford Universitys annual china 2. 0 conference. Zhang expressed a lot of conference in the u. S. Consumer. Should we have that much confidence giving everything that is going on . I have spoken to him, met him. He is a true soldier. What is he going to say . Hes going to say, focus on the longterm. There is definitely volatility in the market. Most volatility occurred in june. Having sa
Territory closing up 11 points. Thats an 11day streak of record highs. Most of my staff hadnt been born since we saw a streak that long. It nasdaq closed 0. 17 up. Nevertheless, i think top calling is going to be a constant refrain from here on in after the remarkable run weve had since the election. Some of the get out and out calls will be id logically driven. Some will be valuation driven. Some of them will be plain old, i cant take it anymore driven. I come with this top stuff in a totally different way. Almost an antediluvian way frankly. I think about stocks as individual companies and the market a conglomeration of those compa companies. I do a game plan about individual stocks on every friday. Otherwise, it might as well be all about roulette where we bet on black to go up and red to go down and double zero for a crash. If that were the case, id simply come out here on friday evenings and read from the gambler every night and then retire when we finish that fabulous novel. Alth
Atlantic and the black sea areas of georgia and russia. Washington, the house is considering a scaledback zika bill that would provide only a third of the resources required by president obama. Debates continue late in the night in macedonia, fires burned at that border camp was the police lobbing tear gas and stun grenades. The fighting began a migrant tried to push a rail car through a police blockade. One of the teenagers kidnapped extremists was found with a baby. They responded and were adjacent to the countrys border with cameroon. Bloomberg west this up next. Emily this is bloomberg west coming up, cisco beats in extended trading will break down the networking giants future in an everchanging technological world. Plus, google sent out a wakeup call with daydream, the next generation for the tech giant in Virtual Reality. Googles vp of vr joins us. To it all in focus. And going live on twitter periscope has a new button for broadcast. The company ceo and founder speaks exclusivel
Began when migrants tried to push a rail car through a police blockade. One of the teenagers kidnapped s petiteharam extremist of years ago was found with a baby. Bloomberg west is next. Emily this is bloomberg west. We will break down and networking giants future in an everchanging world. Plus, google sent out a wakeup call with daydream, the next generation for the tech giant in Virtual Reality. Googles vp of vr joins us. And going live on twitter periscope has a new button for broadcast. Lead the future of google is artificial intelligence. That was the message from the ceo as he kicked off the developers conference. Google unveiled a new mobile messaging app that calls on the services a digital personal assistant, plus a voicebased search device called google home that will use the same technology to answer questions when you are at home. If it sounds like the popular amazon echo, that is probably the point. And third, a new virtualreality program called daydream. Our editor at lar