Trace Trace Gallagher in los angeles. Sandra and john have the day off. We all remember the chinese spycraft that flew over the u. S. For a week, and chinese citizens suspected of being spies who posed as tourists to infiltrate Military Bases in alaska and the heart of the city, doj busted communist part for running secret police stations to spy on Chinese Nationals on u. S. Soil. Lawmakers warn the ag scheme is one of the worst troubling yet. Put china in control of the global food supply. A aishah former cia Station Chief dan hoffman, but first bryan is in iowa and that is where lawmakers met to talk about the theft by the ccp. So, bryan, what did farmers say about this threat . Yeah, hi, aishah. Farmers are particularly concerned about the secret patented genetically engineered seeds that are the target of chinas theft. In 2016, there was a Chinese National here in iowa who dug up genetically modified corn seeds and was convicted in 2016, and sent to three years in prison. U. S. Agr
Recount in that fight for a p g board seat and cisco shares up 6 premarket on an earningsdriven recovery walmart, though, is up sharply in the premarket the dow component reporting better than expected earnings, revenue, and comps, which were the best in eight years. Online sales up 50 . Walmart issued some upbeat guidance for the full year jim, you just said to joe, that Doug Mcmillen may have reinvented this company for real hes done a great job in bringing in mark rory of jersey fame hes done a lot of tech stuff for jet. Com. Smart. I think this was the quarter where you realize, were playing for keeps. We can actually make a lot of money, cutting prices, bringing people in, well, whos that . Thats amazon. So we found our toetotoe now the stock was down yesterday, down about a buck and a half, off of target. That turned out to be a mistake. This company is taking share by the way, online 50 is rather remarkable this is a reinvention. And i think that people have to recognize, when w
And shanghai up 18 points. The dax up by a half percentage point. Similar gain for the cac in france the ftse in london up by a similar amount the yield in the to twoyear, up 1. 763 also look at gold prices because they were under some pressure yesterday gold down about 1. 6 1,27 1,279. 50 lowes is recording 1. 05. Above the estimates of 1. 02. Three cents above estimates. The revenue number that im looking at, at least sales, 16. 8 billion thats a bit above looking at this forecast company sees fiscal year eps of 4. 20 to 4. 30 if thats not an adjusted number, its below the 4. 50 on the estimate here. 1. 05, three cents ahead. The company is supposed to earn 87 cents next quarter that would have gotten the company to 4. 50. They beat it by three, so they only need84 cents in the fourt quarter to hit that number maybe thats adjusted. If its not adjusted, its below the forecast maybe theres something there. The adjusted number may be different than the 4. 50. Looks like theyre lowering
And happy friday. Happy sthafg a thanksgiving as r our u. S. Viewers. Europe was pretty muted as well, given the selloff that we did csi 300, the worst weve seen in 17 months. Kind of leads you to wonder happen next and is this really going to spread to the rest of asia in morning. R this i was actually on europe t. V. Yesterday, so about an hour into close, things were normal. Then things suddenly kicked off. Probably throwback thursday. Things started to kick off in the afternoon session. Similar to come of the breadth of the decline was more serious than any day during the 2015 dark days. We are looking at declines with china markets opening up. It doesnt seem like traders feel like there is a sense of panic we saw, at least not now. ,e see these rallies in china perhaps we are seeing profittaking. In no way are they saying this is a meltdown, more so a correction we have been long overdue for. If you remember back then, people had no idea of the drop was coming. We are getting rick
The european markets were down a couple minutes ago. They are pretty much back up. It seems the feel good factor in u. S. Stocks have now petered out somewhat. Im looking at u. S. 10 year treasury yields, pretty much a picture of stability. The dollar off the trade bound. The dollar, gaining a touch. Coming up on bloomberg surveillance, we sit down with luca paolini, the chief strategist at Pictet Asset Management. Thewe will also break down saudi budget with the director of Economic Research at the Gulf Research center. First, lets get straight to the bloomberg first word news. Sebastian uber has lost the battle as it differs from traditional taxes. The car hailing app should be regulated. The eu court of justice ruling, think of the president sentting. British officials fear spain will threaten to veto, if negotiatey fails to with madrid. It has been in british hands since, 1713 but spain could make a claim over the land. To the u. N. Assador nikki haley is pressing other countries n