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Transcripts For BLOOMBERG Bloomberg Daybreak Americas 20240714

Year not beating estimates. David it looks like their stock is down in the premarket about 2. 5 . Home depot before you so rudely interrupted me alix david is funny today. David not very funny. Per depot beat earnings share, a little light on revenue. They basically blamed a lot on lumber disinflation, basically. They are warning a lot about china. One is how they want to eat up the lumber costs, a 21 drop in the cost of lumber. At the same time, you have continued slowing homebuilding, but theres a lag for that. Home depot not necessarily feeling the full effect of that could weakness. Because of the price of lumber, overall sales are down. They took it down for the year. There estimates went down. Ls, theykoh reaffirmed their adjusted Earnings Guidance on that comp sales mess. We will dig into retail more over the next couple of hours. The equity markets looking a little bit soggy here, with s p Futures Party much flat. Dow jones off by about five. It doesnt feel like theres a lot of

Transcripts For CNBC Fast 20240703

Good the chart master will make his case for why these two health care losers are ready to make the move from doghouse to the p penthouse. Im melissa lee, coming to you live from studio b at the nasdaq on the desk tonight tim seymour, karen finerman, carter worth, and guy adami. Uber posting its biggest stock drop since october 2022, after reporting a surprise loss in its latest quarter, saying that ride bookings came in below expectations s shopify plunging 19 , making today its worst day on record. The Ecommerce Company forecasting sales growth for the Current Quarter that would be its slowest in the last two years. And they werent the only earnings reports that raised red flags. Just yesterday, disneys cfo saying they are seeing evidence of moderating demand for travel. Mcdonalds last week warning consumers arediscr discriminating in elevated prices and then, theres this the looming threat of socalled phantom debt created by the rise of buy now pay later Juniper Research estimating

Transcripts For CNBC Fast 20240703

Uber is down 9 . Its been a great performer. You and josh have talked about how great this stock has been. Does this tell us anything about the state of the growth trade in the here and now its not like the Earnings Report was that bad. I think its a great example of a measurement for sentiment and positioning. If you think about growth, s p growth over the last year is up 30 . You think about s p value, its only up about 18 . So where are our speculators positioned theyre positioned more towards the growth trade, and clearly uber is a classic example of that look at the analyst community. Scott, 92 buys on uber. 12month price target, 90. Today, after the Earnings Report, none of the analysts really budged on that price target so, yeah, i think its indicative of setting expectations, and i think right now where we are, weve had a very strong recovery off of the 100day moving average selling pressure in the early part of april. Now youre coming into a period where youre absent significa

Purdue University's board of trustees approved the first

Several major university announcements and partnerships help build the 65-mile corridor between Indianapolis and West Lafayette