Some gains at the open expectations are high for the chip makers results after the bell watch apple. The midst of a sevenday win streak with a gain of nearly 13 so far this month. Lets begin, though, with target down sharply on this Quarterly Earnings miss and a sales decline. The retailer did say customers cut their spending on discretionary and grocery. Company did reaffirm fullyear guidance, jim. They guided comps down and came in 3. 7 when you talk to brian, hell be insistent that this wasnt anything that you should find unexpected the thing that im struggling with is he talks about the consumer, in tepid terms walmart didnt walmart told about a consumer thats in good shape and price rollbacks. We didnt get price rollbacks from target until this week. So, im beginning to wonder whether target is out of position versus walmart. Where walmart is really starting to walmart plus represent a bargain. Walmart can also subsidize sales because they have this terrific advertising business t
In inflation lets take a look at where we are right now. Communication services down the most, 5 , were going do get into consumer discretionary. Two sectors are hanging on to the green, albeit just barely with utilities what a report. When we got this gdp report, below consensus, well below certainly where we were last quarter. What does it make you think . Theres a difference between being concerned about the top line missing because we could actually see that be revised up over the course of the next couple of weeks. I think the challenge is the data showed that the inflation on a month over month basis for cpi is showing up in this report when you look at the consumer you saw a decline in good spending weve seen slowing in terms of good spend ing in particular autos you saw that decline in the quarter. The growth in Services Spending were from areas weve seen meaningful inflation, so that inflation in areas like insurance, in health care, those are not particularly predictive, of s
A bold new call coming up in street talk. Better than 1,000 reasons you need to watch power lunch. And welcome to power lunch. The final trading day of the month and the First Quarter. The dow, though, is struggling. It is down by about 29 points. S p trying to carve out some gains. The nasdaq continues higher up by ten points. All three, by the way, up for q1. Check out the movers at this hour, blackberry soaring about 13 . The company beating earnings estimates, expects positive cash flow for fiscal 2018. Fmc also surging about 13 . Dupont divesting part of its Crop Protection business fmc acquiring health and nutrition business. Brian . All right, and i am brian sullivan. Here is what else is happening this hour. The Senate Intelligence committee denying Michael Flynn immunity in exchange for his testimony. Panera bread rolling out new labeling of sugars in selfserve drinks. The first such move by a u. S. Restaurant chain. And two biotech stocks tanking double digits right now. Stra