Component earnings joining us for the hour is stephanie link great to have you here i think thats exactly where we should start we had earnings from walmart and cisco. Cisco is the drag on the dow how would you characterize how it reflects back to the Broader Market last quarter the same thing happened where cisco disappointed and walmart posted a better than expected number. This is what this economy swhat this market is enterprise spend is weak on trade concerns and uncertainty and thats not Getting Better any time soon versus the consumer being very strong those numbers are very impressive 6. 6 stack comp for walmart. It actually kratd. Ecommerce sales 41 . Estimates are going up for walmart and going down for cisco and i dont think theres a lot of visibility at cisco even if you listen to that Conference Call they were disappointing across the board. You got to pick your spots of where you want to be well dive deeper into each of those Companies Reports ahead. Stephanie will be wit
Europe is steady powell makes some remarks later on tonight road map begins with megadeal monday lvmh announcing a deal to acquire tiffany. Charles schwab buying ameritrade, 26 about the all stock deal it will combine the companies the two biggest publicly discounted brokers will have more than 5 trillion in client assets ebay set to sell off stub hub for 4 billion david has details on that. Lets start with this Historic Deal in luxury goods lvmh will acquire tiffany. The deal is worth 135 a share, two Companies Expect to complete that deal by mid2020. I assume you can fill us in on what is going to happen to the brand, synergies and all of that. Listen, i mean, it is an important transaction for lvmh, which tried twice before as my understanding and not been able to get there had done it privately. From a m a Strategic Point of view, this went about as well as sort of it had been could have been hoped for from both sides. Seasoned advisers on both sides, who i think i thought they wou
Horrible overnight we dont suddenly doubt the entire edifice of a strong consumer only, only on halloween would anyone accept a trick that were about to go into recession because of weak numbers and more negative trade talk rather than the treat of good earnings and low Interest Rates on days like today when we get some soft manufacturing data, we do believe the worst is yet to come, something that may be exacerbated by the trade stalemate. The nasdaq was down 0. 14 . At one point the market was down far more than that i think its a big mistake to panic here and not just because no one ever made a dime panicking. See, the truth is nothing we heard today should come as much of a surprise to you if youre a watcher of the show. Thats because for months ive been telling you that we have two economies in this country. There is the consumer economy, which is red hot, as well hear later in the show when we talk to a couple of companies, and then the industrial economy which is weak and in man
Concord and fairfield, a high of 80 degrees. 7 the livermore and san jose. 74 in oakland. 72 for a high in San Francisco. Well talk about the rest of the workweek coming up. Good morning. Things are starting to get busy out there for your morning drive as you head out of the south bay and altamont pass. That is where were finding trouble spots this morning. An accident reported here, this is on 17 southbound right at lark avenue. One lane is blocked due to this crash. Were seeing slightly slower speeds as you approach the scene there. Dublin interchange, brake lights here. A little slow making it to 580, 680. 580 at grant line. We have troubles there. Another at north front. Slower speeds because of that. Brake lights out of the altamont pass. A we have our eye on a fire burning right now in San Francisco. You can see there on the map where were talking about. This is new video from the scene this morning. This fire broke out about 5 00 a. M. And you can see some smoke coming from the
Papal confirms that its bailing on its crypto currency program. And why analysts think thats a wise move. But first to our top story. Lofty investment goals thanks to mashayoshis san. He tells any kay business the results still have a long way to go, and ma makes me embarrassed and impatient. Er used to envy the markets in america. Theres no excuse for entrepreneurs in japan, myself included. Joining me is sarah mcbride. What was your key take away from this interview . Sarah it turns out that msasyoshi was asked more broadly about the japanese environment, and so you can interpret his results to be more broadly, why arent there more entrepreneurs in japan . Why isnt the startup scene as vibrant as some of the places he mentioned southeast asia. There are a number of unicorns out of places like singapore and its just hard to see anything similar in japan. So in that context, i think you cant say, oh, he was just upset at himself over the vision or something narrow like that. Taylor rem