Big day for retail. Walmart announcing the best quarter in more than four years. Home depot beating estimates. Kraft drops its 134 billion takeover bid. Irene rosenfeld will join us later. New records. The dow up more than 4 since Inauguration Day. How long can the trump rally last . First up, walmart reporting a better than expected quarterly profit. Revenue just shy of consensus. Online sales up 29. Home depot beat its Quarterly Results. Boost the dividend. Macys posting a revenue miss earlier on squawk today. The ceo addressed speculation the company is up for sale. First of all, youve heard it talked about, rumors of the Company Buying us. Yes. Youve also probably heard the rumors that were buying them. Yeah. So what i can tell you is this, that were going to do the right thing for our shareholders and were not going to be a highly leveraged retailer. Those movies never turn out well, and weve seen that before. A lot to chew on here. A lot of discussion as far as macys goes as far
Ok to vote against a bill that bans against insider trading. And look out for special interest in himself. What north carolinians are looking for is a change. I been all or the state and ive heard your struggles and i know you are frustrated that washington isnt working for you. I want to go to the United States senate and make sure that your everyday struggles are taken care of. I will be a different kind of senator, one who listens. And i wont back down or sellout when things get hard. I will put your interests first every single day. And i hope very much to earn your vote. Thank you so much. Senator burr jonathan, it takes a lot to commit with the atmosphere in washington today to run for office. I thank ms. Ross for doing it. I am reminded of a conversation i had with my dad six years ago. I had come back from an intelligence trip. He was in the hospital. I went in to see him and i said dad, how are you doing . He looked up at me and said two words im sorry. I said sorry for what .
Of the suspect and to the back of the patrol car. Police, say they did recover that rifle at the shell station. And, more or rest a little bit farther down the highway. At least two more suspects. We do not know at this point have a discussion of that car or the people involved. We do not have anything else in regard to why the two cars were shooting at each other. Reporter we have had several of the shooters. Shotting reporter 67 and shooting. On high way for many of them deadly. A young mother was killed on the freeway. We have had 7 shootings on hwy 4. Reporter now, and they point reporting live at the shell station. I am kate k goal. Vicki stretch of highway four safer for drivers. The Pittsburg Police department is asking the city council for funding tonight. To buy new surveillance cameras for the city. Vicki to see a car was shot at several times. They are concerned about the recent spike. Anyone with information on the shooting is asked to contact the police. Reporter normally
Look at the mugshot of the Tulsa Police Officers charged with firstdegree manslaughter in the death of terrence crutcher. Betty shelby turned herself in to police less than a week after prosecutors say she unlawfully and unnecessarily shot and killed crutcher. Aerial and dashcam video shows crutcher walking towards his suv, hands in the air. It doesnt offer a clear view of when shelby fired that single shot. Her Attorney Says crutcher did not follow commands to stop. And that he reached into his window. But his family discounts that claim saying the father of four posed no threat and that the window was rolled up. Back here at home the first of seven officers charged in a bay area wide Police Sex Scandal faced a judge in hayward today. Kpix 5 reporter da lin was there and tells us the woman at the center of the case once thought of the accused as her hero. Da. Reporter yeah, ken. The officer apparently got her a can after she was stranded in west oakland but today that officer did not
Working are downright toxic. Specifically the banks, the restaurants, and the retailers should be on fire right now. But instead they are houses on fire. And theres no letting up in the flames even as the averages rebounded hard today. After opec announced it might cut back half a Million Barrels of production in november. I think this is more of the same where they rumor the price high, which worked again, and then kind of do nothing meaningful. Nevertheless, as i have said over and over again to you, anything that drives oil higher takes stocks higher, and thats sure what happened today with the dow ultimately gaining 111 points, s p climbing. 53 percent. The linkage remains that great even as i urge you to be skeptical of any socalled deals when there is such a worldwide glut of oils. We need millions of barrels to be cut, not less than a million. This means the amount will not give you a lasting impact. I want to talk about whats happening with these beleaguered groups i mentioned