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
Hour. How his client base has changed. Lets get a check on the markets where these are correct me if im wrong fresh session lows. The dow is down 223 points now. And the s p is only down a half a percent. The nasdaq is down less than that. A tenth of 1 . The major averages give up more ground on those shutdown headlines. Nike still higher today. Sales were short of what analysts were looking for. Some optimism about improving Profit Margins and earlier inventory declines leaving investors to buy today. Nike shares up 7 . And we have you joining us on set for the entire hour. We have to start with the two big issues hanging over the markets right now. Strikes and the shutdown. Phil lebeau is covering the auto workers strike, Emily Wilkins is in washington, d. C. , following the negotiations over the Government Shutdown. Phil, lets start with you with the latest on the auto side of things. Its not good. And were hearing from frustrated executives at ford, we just heard from jim farley, y
Coast. Steve mine too. Brian so did too. This is fox friends. Everyone is checking their watch. Let me show you whats on our show. New york groove. Former President Trump swarmed by supporters in Deep Blue Manhattan making the most of his hush money Trial Campaign style. It makes me campaign locally. Thats okay. We are doing better now than we have ever done. We are going to straighten new york out. Ainsley propalestinian google staffers arrested for taking over Company Offices across america. Brian thats unbelievable. This as some far left lawmakers refused to condemn antiisrael protests. Burning the American Flag and chanting death to america . Do you condemn this type of rhetoric . Steve maybe she should google that. Plus, bust a move. One war vet brings seniors to their feet as you can sees a a d. J. Sweet. Nice. Lawrence fox friends starts right now. And, remember, mornings are better with friends. Circled around this town try to sing something with meaning something worth singing
Im wilfred frost. And seema mody in for sara. Good morning, will. Good morning to you. Lets go straight to Market Action this morning. Off the back of a strong finish to a tough week last friday. We saw decent gains on friday that meant the weeks performance was respectable. Declines but the nasdaq down more than. 5 . S p and dow just down by. 75 . For the week as a whole, seven out of 11 were negative led down by financials which turned in the only performance of all of the sectors of more than 12 decline. A this morning, as you can see, were bouncing back from that decline last week. The dow pulled high just shy of 30 points. Lets look at oil prices because they turned in a resounding poll week. Up about 5 for the week as a whole. Back around 50. And adding gains as you can see, have the 50. 8, the fwries ofpri crude. Exports in japan rising 7. 5 in april from a year ago. Below the 7. 8 annual growth. Exports abroad are being driven by the weakest in the yen that weve seen earlier th
Gridlock in washington. First, the fate of the Affordable Care act, also known as obamacare, will once again be in the hands of the u. S. Supreme court. Justices have decided to hear an appeal of the law. Our Supreme Court reporter joins me on the phone. This appeal deals with subsidies or tax credits. They have helped more than 4 million americans afford insurance. Arent these subsidies the linchpin of the Health Care Law . They are really important. Without them, most or all of those people could not afford insurance. If they cannot afford insurance, that would mean that only the most to desperate people might buy insurance. That would essentially send the Insurance Markets what the Administration Calls a death spiral. Hospitals would have fewer people coming to the with insurance. Their costs would be raised. And it would potentially undermine the law. You have been covering this from the beginning. This appeal is not about nuance. Opponents say the language of the law cannot be int