Deal. No let up in germany. Angela merkel ruled out further loosening of measures after europes largest economy records the biggest spike in cases in four months. Asian stocks trade mixed following a fresh record on wall street. European futures point to a positive open. Good morning, everybody. Welcome to the program this wednesday morning. Lets have a look at terms of breaking news. Notes coming through mace maersk. The fullyear numbers, 6,000,000,0007,000,000,000. This is new guidance coming through. That is interesting in itself. The guidance we previously had in the year had been withdrawn by this business which operates 20 of the world container fleet. They are giving us this new guidance here. Looking at the underlying profit numbers for the second quarter. This is the backward looking part of it. The underlying profit data is 359 million dollars. They have done better than the estimates. We will be speaking into the management of maersk later on in programming. We have u. K. Ct
Year walmart preparing for the Holiday Shopping season with a virtual twist this time. You are watching Worldwide Exchange here on cnbc good morning, im dominic chu. Here is how the Global Markets are setting money up opening up a modest 15 points. Lower by three and nasdaq lower by about 60 points the nasdaq breaking through the key mark in yesterdays trade. That will be one to watch. This follows another session on wall street. The dow climbing 1. 6 to close above 29 mark. You can see the benchmark note yielding. 67 . Twoyear note just above. 14 . And on the agenda today, weekly jobless claims at 8 30 eastern time looking for 930,000. This number will not be directly comparable to last weeks one million claims because the department of labor has seen how they seasonally adjust the data. Changing this week european stocks rising on positive data overseas live in the london news room with the latest there. Good morning, julianna we have green across the board. French market leading the
Tiktok bid jim, we will start with the retail numbers lowes is a good one to start with, its been called depots quarter on steroids today. Look, i think that Martin Ellison has taken a Company Making it anything but an also ran. 35 camp is terrific hes really got finally hes got the e com down Marvin Ellison is a turn around man par excellence and this is an amazing quarter we dont want target to overshadow it too much because i like the stock and i love the fact it wasnt up big early on its a buy yeah. In store traffic or in store comps, jim, up 11, which is different than what we saw out of others. I mean, i guess when you dont have as fierce a web challenge in Home Improvement and you have the stay at Home Rebuilding boom, thats going to add to a couple huge dynamics. Yes, it will. Remember, there was a period where lowes was not digitized enough also didnt really have very Strong Customer service. All of thats changed under marvin he is the last person to ever want to champion hims
Warning of weaker Global Oil Demand because of jet fuel demand. And martha pollick on the colleges plan this fall. Lets get back to the lead story on the Economic Data front in the u. S. The number of americans applying for Unemployment Benefits falling below one million since the pandemic began in march. We are seeing economic recovery getting some traction. Joining us is michael mckee. Is it good news, bad news . Think itsdont either. It doesnt show that the recovery is gaining traction as much as the decline is flattening out. We are talking people filing for the first time and it is still almost one million. Their deep scars in the labor market. Although the data is two weeks old the number of people receiving some kind of benefit is over 28 million. There are a lot of people still hurting. Will that push people in washington towards making a deal . If we havent had that already, its hard to see how this number in particular fix them one way or the other. Alix is there anything to
Region. In the u. S. , the senate has gone on vacation. It cannot get over this . It cannot francine get over this. Lets get to bloomberg first word news in new york city with ritika gupta. Ritika good morning, francine, lisa. President trump hasnt delivered the deal of the century he promised in the middle east. He can claim a foreignpolicy victory after israel and the United Arab Emirates agreed to normalizing relations. Even joe biden called it a historic step. With joe trump clashed biden over masks. The democratic president ial candidate said every governor should require masks for the next three months. He said that would save more than 40,000 lives. Bidenst trump rejected approach, saying, we want to have a certain freedom. That is what we are about. Vacationers will be unable to get back to work when they come back from their holidays. They must be quarantined for 14 days. China, the economy continued to bounce back last month. Industrial growth remained steady, rising 4. 8 fro