And town but not out walmarts ceo admitting his company fell behind amazon but now the pressure is on to play that catch up game. And finally peter thiel doubling down on his attacks against google why he says the search giants dealings with china should be a huge red flag for the feds its tuesday, july 16th. Worldwide exchange begins right now. Good morning welcome to Worldwide Exchange from wherever you are in the world you may be watching. Im dominic chu in for Brian Sullivan live pictures here, a screen shot of capitol hill where today congress will be Holding Hearings on Big Technology well take you there live in a moment first heres how you and your money are setting up right now the Global Markets are setting up their day stock futures indicating the dow will open just about flat, off by 4 points. Not much movement. There the s p up by 1 point. The nasdaq up by 6 to 7 points this after the major averages capped off another day of, yes, record highs the dow hitting its fourth rec
On this afternoon. In asia, the nikkei was down the hang seng was up 0. 23 for european markets, the dax is slightly lower you see slight gains for the cac, the ftse 100, stocks in italy and in spain look at the Treasury Department. The tenyear is yielding 2. 090 . We have a very busy day going on in the markets. From wall street to washington, lets get you through the squawk planner. On the earnings front, three big banks on the docket starting with jpmorgan that will come at about 6 45 a. M we have Goldman Sachs coming in with its earnings. Those should be announced around 7 30 wells fargo earnings should cross the tape at 8 00 a. M Johnson Johnson will also report at 6 50 a. M. Eastern time well bring you a first on cnbc interview with the cfo right after that report. On the data front, we will be getting june retail sales, import and export prices as well that all hits at 8 30 a. M. The other big event on the planner is big tech is back in washington today the house judiciary subco
Manufacturers added 22,000 jobs in may. To my panel for reaction we have mike murphy. And stephanie, you have been cautious on earnings. It wasnt a surprise to you to see the numbers coming in weaker than expected, waits. Obviously employment is only as good as profit growth. We are in a process recession accord together Government Data reported last week. The fourth square and First Quarter her negative. So we are clearly in a process recession. I think what we have seen is Pricing Power has been incredibly low for most of corporations. And they had this situation where prices have been going up faster than the ability to possible them on to consumers for almost two full years. So we are starting to see that impact profit and a lag employment. I anticipate the trend will continue. I dont know that well see numbers like we you a today. But well see satined deceleration in employment and wage growth or the course of the year. Maria you think things are slowing. The news was weaker than
Manufacturers added 22,000 jobs in may. To my panel for reaction we have mike murphy. And stephanie, you have been cautious on earnings. It wasnt a surprise to you to see the numbers coming in weaker than expected, waits. Obviously employment is only as good as profit growth. We are in a process recession accord together Government Data reported last week. The fourth square and First Quarter her negative. So we are clearly in a process recession. I think what we have seen is Pricing Power has been incredibly low for most of corporations. And they had this situation where prices have been going up faster than the ability to possible them on to consumers for almost two full years. So we are starting to see that impact profit and a lag employment. I anticipate the trend will continue. I dont know that well see numbers like we you a today. But well see satined deceleration in employment and wage growth or the course of the year. Maria you think things are slowing. The news was weaker than
Manufacturers added 22,000 jobs in may. To my panel for reaction we have mike murphy. And stephanie, you have been cautious on earnings. It wasnt a surprise to you to see the numbers coming in weaker than expected, waits. Obviously employment is only as good as profit growth. We are in a process recession accord together Government Data reported last week. The fourth square and First Quarter her negative. So we are clearly in a process recession. I think what we have seen is Pricing Power has been incredibly low for most of corporations. And they had this situation where prices have been going up faster than the ability to possible them on to consumers for almost two full years. So we are starting to see that impact profit and a lag employment. I anticipate the trend will continue. I dont know that well see numbers like we you a today. But well see satined deceleration in employment and wage growth or the course of the year. Maria you think things are slowing. The news was weaker than