A weaker u. S. Dollar as well. 105. 38 to the japanese yen. Gold back about 2000. 003. 35 an ounce right now. Walmart benefiting from online orders but store traffic was hampered by the coronavirus. The companies cfo said comp sales growth slowed last month as the government relief waned. Lets bring in Morgan Stanleys Simeon Gutman. How did the Company Managed to get margins around 42 . Comp. they had a 9 rising tides lifts all boats, but they had gross margin in the u. S. Swing from down to 200 basis points to up this quarter. The primary driver is the mix of food and consumables, which tends to be lower margin, was mother in percentage, and a big shift toward general merchandise. A nice swing in gross profit to hire to cover those higher costs of operating, but the results were better sales and gross margins, allowed them to generate that growth. Vonnie walmart was only really getting going in the last couple of quarters. Did the digital improvements help out this quarter . What does
Is the overall market. This is really helping. The dow industrial will open with a 500point gain. We were up 500 yesterday, youre up about 1100 points in 24 hours. The s p to the upside big time and the nasdaq up 76, it is a rally. Travel related going straight up as well, if there is a vaccine that works, people can take it and be safe on planes and cruise lines, we could get out and about more on a mass scale safely. Backtoschool might get help as well from the vaccine news. Hold on we are not done with big winners. Apple one a 14 billiondollar tax fight with europeans. They won, that stock is back almost, its at 394, 395 a share. Straight up this morning. Goldman sachs a big jump in profit, watch the stock grow. If the dow stock helping overall market. Your money is often running, we will have a grand old time following it for you. That is not all on the show, trump guy one in alabama beating Jeff Sessions while a wide margin. He will be on the show. Joe biden reveals his economic p
Hotspot while infections in india rise at the fastest pace in asia. Zealandsnks new postvirus recovery. We are joined this hour by the rbnz governor, adrian or. Orr. Haidi lets take a quick look at markets. We saw that exuberance over the Moderna Vaccine progress really dissipate quickly. We saw the late session swing when it comes to trading in the u. S. As it has concerns over the efficacy data from moderna causing some concern. Take a look at the futures in asia. We are seeing downside when it comes to futures trading in japan, australia, and hong kong, although we are looking at a little bit more of a positive open when it comes to trading on the mainland, and just also keeping an eye when it comes to Energy Markets as well given that we are starting to see backwardation between that june and july contract for the wti, suggesting some of the storage issues have started to ease. Lets take a deeper look at the markets. Investors are increasingly debating whether the broader stock mar
Fatalities included haiti and the dominican republic. Maria is heading for the bahamas. Im jessica summers. This is bloomberg. Bloomberg technology is next. I am emily chang and this is bloomberg technology. New plan, asking the board to draw the proposal to create a new class of shares. A rare victory for outside investors in the battle for control of the Worlds Largest media company. What this means for shareholders, next. Londonels of ubers operation could completely fall off. We will map the road ahead and impact without the pool of 3. 5 million customers. Apples latest in a region of hardware hits markets. Facebook has scrapped plans to create a new class of shares. It is a rare victory for outside investors in a battle for control of the Worlds Largest social media company. This comes days before the c. E. O. Wasa giants due to testify. Said he would sell up to 75 million of his own shares over the next 18 months. That would total up to 7 billion. The facebook c. E. O. Said the b
On at least two dozen private plane trips made by tom price. Price took at least 24 flights since he joined the cabinet in february. They said his job is difficult and is working as long. The death toll in the caribbean has climbed to at least 27. With 15 deaths in dominica, and six in puerto rico confirmed. Other islands reporting fatalities included haiti and the dominican republic. Maria is heading for the bahamas. Im jessica summers. This is bloomberg. Bloomberg technology is next. Emily i am emily chang and this is bloomberg technology. Zuckerbergs new plan, asking the board to drop the proposal to create a new class of shares. A rare victory for outside investors in the battle for control of the Worlds Largest social media company. What this means for shareholders, next. The wheels of ubers london operation could completely fall off. Itslators refuse to renew license in one of the most important markets. We will map the road ahead and impact without the pool of 3. 5 million custo