We will have more on it with bloomberg politics. Definitely stay tuned for that. We are halfway into the trading day. Lets head over to julie hyman. Julie thanks, guys. We had Economic Data later today. We see the 10 year yield taking a leg lower earlier. That is when we got the retail sale data lower than estimates. ,etail sales unchanged overall but if you include auto sales, they fell. We also saw inflation falling. 1. 49 is the yield on that 10year note. After we got these earlier numbers, we got Consumer Confidence that came in a little worse than estimated. The dollar fell. It is lower on the day. It had a sharp move in the wake of that earlier data. We are watching fed futures. The way we track that and the probability that is baked into that that the fed is going to raise rates. You see how that economic side affected it. What is the read through two stocks . Not much changed today. Dipped today. At the moment, not doing much at all. We are also watching the commodities complex
Passes the 50 mark. Earnings, earnings, earnings. Cisco shares down sitely despite beating despite beating the street. Company plans to lay off 7 of the work force. Well talk to Chuck Robbins. Walmart shares up after beating the streets estimates and boosting its outlook. Whats ahead for the company now that jet. Com is going to be in the mix. And a strange story coming out of brazil as two olympic swimmers are pulled off a plane while drive trying to leave that country. Live to rio for the latest on the lochte controversy. First up, walmart poised to open at a 52week high after reporting Second Quarter operating profit of 1. 7, nickel above, revenue above consensus. U. S. Comps positive for a eighth straight quarter up 1. 6 and raising their full year guidance. Traffic was up and i believe its best in eight quarters traffic, comps up 1. 6. Best in eight. Some of these initiatives are starting to bear some fruit. I was going to add the ecommerce sales to that because that was a bright
Gets 8. 3 billion buyout. Roach and intermun on the buyout . New alltime highs driven by the possibility of more stimulus in europe. Just a few points shy of s p 2000. First up, tax inversions in the spotlight, not talking about europe. Burger king in talks to buy canadian coffee and doughnut chain timms. Both Companies Say a combination would create the Third Largest Quick Service chain, a deal structured to shift burger kings base to canada, which has lower overall Corporate Tax than the United States but some thinking this morning is that taxes may not be the driving force on this one. Look, i think that theres always going to be anytime, its a hot button, especially walgreens not doing the alliance and president and treasure secretary saying weve got to stop these. This United States a deal that makes a lot of sense. Burger king challenged at breakfast, tim horton doing fath f fantastic. Burger kings last few numbers, doing okay, theyre not as bad as they used to but flattish comps
Ten year right around 1. 9. China trade was amiss and uk inflation at a 14 year low. Stocks pointing higher as earnings begin to roll out. Different story for oil fall to go merely a six year low as opec says it will not change its drought put strategy. And speaking of earning, alcoa did top expectations. What the ceo has to say about their Fourth Quarter results. Plus why Credit Suisse thinks iphone sales could drift stock to 130. But stocks look to end a two session losing streak. Oil back down below 45. Oil minister defending opecs decision into the tonot to reduce output. Brent around 45 as well. It was said its not about whether the price hike will come, its about more the timing. All i can tell you is that other countries and other continents are starting to react positively. Getting better feel from china. Europe were hearing Better Things because of the oil tee decline. India were starting to get a good read. The calvary is beginning to come from this low oil whereas we have ob
Reporting earnings this morning. Thats gradually increasing for all sorts of reasons but we are quite confident about our actual risks in russia. He makes his first move halting the privatization of the biggest port and you till tillty. He tells cnbc europe must find a Common Ground within the new government. It took the left party to come to power in order to establish if a basic logic which is neither left nor right but that bankruptcy cannot be dealt with by more borrowing. Youre watching worldwide exchange. Bringing you Business News from around the globe. And welcome to the show. These are live shots youre about to see from athens as the greek cabinet is currently being sworn in. Its worth pointing out news overnight that they did pause plans to privatize one particular port asset which was part of the plan. As they are currently being sworn in you will see they will get to work. It will be interesting to keep a view on exactly what the greek government does in its first days in o