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
Congratulations on your new book titled when it sells all. Ive been a big fan of your work for many years and its great to see all your great reporting put together in one book. So congratulations. Thanks so much, eugene and i think you know as well a big fan of your work over the not amazon is not an easy company to cover and so for our fellow reporters who do it really well for a long period of time i just have the utmost in you and yours, sir. Youre at the top of that list. So a thrill to chat with you today about this. Great. Thanks. So to start off, i wanted to ask you about the of your book winner sells. What did you try to convey there . It seems to reflect, you know, both amazon and walmart. They want to sell everything. But at the same time, youre the conclusion of your book seems imply that theres going to be many winners at the same time. So whats kind of your thought there . Sure. So i think what i was trying to get at with the winner. All title is there was a period of tim
Week the s p is tracking for a third week in a row of losses, down 1. 3 nasdaq futures up 73 points. Weve got a lot to talk about on a summer thursday. Our road map starts with earnings walmart posting better than expected results fellow down component cisco gets a lift, beating with its Quarterly Results and talking up a. I. Ceo Chuck Robbins will be joining us here. Plus, investors continuing to digest fed minutes released yesterday. The tenyear note yield hitting a fresh high were going to begin with walmart, raising fullyear forecast the retail giant benefitting from customers seeking bargains. U. S. Comps up by a better than expected 6. 4 and ecommerce jumping 24 led by pickup and delivery theyre clearly taking share because theyre out comping their competitors and the industry theyre crushing it i want to straighten some things out here when you have ecommerce up 24 , when you have advertising, which is just free money, what are the Gross Margins there, 35 , much higher margin. F
Congratulations on your new book titled when it sells all. Ive been a big fan of your work for many years and its great to see all your great reporting put together in one book. So congratulations. Thanks so much, eugene and i think you know as well a big fan of your work over the not amazon is not an easy company to cover and so for our fellow reporters who do it really well for a long period of time i just have the utmost in you and yours, sir. Youre at the top of that list. So a thrill to chat with you today about this. Great. Thanks. So to start off, i wanted to ask you about the of your book winner sells. What did you try to convey there . It seems to reflect, you know, both amazon and walmart. They want to sell everything. But at the same time, youre the conclusion of your book seems imply that theres going to be many winners at the same time. So whats kind of your thought there . Sure. So i think what i was trying to get at with the winner. All title is there was a period of tim
Congratulations on your new book titled when it sells all. Ive been a big fan of your work for many years and its great to see all your great reporting put together in one book. So congratulations. Thanks so much, eugene and i think you know as well a big fan of your work over the not amazon is not an easy company to cover and so for our fellow reporters who do it really well for a long period of time i just have the utmost in you and yours, sir. Youre at the top of that list. So a thrill to chat with you today about this. Great. Thanks. So to start off, i wanted to ask you about the of your book winner sells. What did you try to convey there . It seems to reflect, you know, bo amazon and walmart. They want to sell everything. But at the same time, youre the conclusion of your book seems imply that theres going to be many winners at the same time. So whats kind of your thought there . Sure. So i think what i was trying to get at with the winner. All title is there was a period of time