Facebook, twitter set to report quarterly results. More importantly get a little bit of a sense for the out look of what is a uncertain future. Well hear from some of the biggest names in american business. So lets get to it. Fox Business Team coverage. Lauren simonetti and susan li are standing by. Edward lawrence on the recordsetting Economic Growth i mentioned. Edward in washington. First we have the panel, lance ulanoff, geir i hry b. Smith gary b. Smith, scott, an erin gibbs joins us from gibbs wealth management. It will be a fun hour to go through all of this. Amazon is the big one. Amazons numbers are just coming out. In the Third Quarter, amazon already reported 96. 1 billion in sales in a quarter. That is comfortably above the analyst estimates. They were supposed to be up 32 1 2 it were around they blew through that, looks like. With a net profit of 6 billion. On the eps side, well get back to it in a moment. Comparable to analyst estimates. Then to lauren, probably, scott ma
With minerd and where stocks may go from here another exclusive. Another midmajor oil company his first tv interview for years. Good friday morning, we made it. Good afternoon, good evening wherever in the world you are watching here is how your money and the Global Markets are setting up their day. Futures are higher not by much, dow futures are up. Look at nasdaq futures soaring. Up 195 right now big move there this comes off yesterdays down day for the dow. All this as we wrap up the month. Major index is on pace for the fourth straight month of gains gold on pace for its best month since january 2012 today, really likely to be all about the four horsemen of big tech, the same Companies Whose ceos who were grilled by congress, they all obliterated estimates with quarterly numbers and stocks are responding. There are some highlights. Google did post First Sales Decline in history other numbers are solid, google one stock not really responding today. In the premarket, apple up 6 faceb
Gaining strength again today, although really its also little changed at 1238, up only 4 100 of 1 . And crude is down another dollar 91. So crude wti back down to almost 80 a barrel at 80. 60. John. And thats certainly weighing on the canadian stock market with energy, with such a big subgroup component here. Financials is well under pressure in canada and were seeing that in the us indices. Matt mean, beyond just figuring out the story on rates and inflation from here, fitch raising some fresh concerns around the Banking Sector within the dow. Youve got jp morgan, for example, as one of the lead laggards. Its down about 2 right now. Watching tech is kind of interesting when you consider the fact that we started the day with some muscle calls, if you will, from the analysts on wall street. You had baird with bullish commentary on nvidia. You had Morgan Stanley saying despite the recent weakness, this is a winner. The stock is gaining on the news, but its up a modest 1. 5 . Then of cour
Has rallied higher. I will give you comments from former treasury secretary Larry Summers. He spoke to david westin about a much higher rate. Bloomberg dollar index continues to gain ground. It has been a lot of strength of the past four weeks as the yields get higher they are more attractive to Foreign Investors who needed to buy dollars to access that. Crude, very interesting traded today. We have inventories a little bit light. Nonetheless, we see nymex crude below 80 a barrel. West texas intermediate going for 79. 84. I want to talk about the housing sector first. 30year Mortgage Rates have top 7 , a threshold double impact affordability, sales, and refinancing activity. Here is Reade Pickert to explain. What do we know about what the 7 mortgage is going to do to the Housing Market, which already seems like it is in a deadlock since home wonders dont want to give up cheaper mortgages they have . Thats exec the right. We have data that shows that the 30year contract rate on a mortga
For equities you got stocks trading heavy bank of america says Fund Managers are overweight. Tech the most since 2021. Is there even cash left to buy any dip here from new york, im alex deal with my cohost in london, guy johnson. Welcome to bloomberg markets. Not as intense as it was a few hours ago, but were definitely seeing a strong up risk off kind of move within the market. Diy and holding up those are two things you never want to hear in the same sentence because it really does. To be honest, im just talking about from personal experience. The consumer thing i think is fascinating. Look at what is happening. You got strong wage data out of the uk, youve got marks and spencer, a stalwart of the british high street, coming out and announcing really strong results on your side of the pond. Home depot back to the to the diy thing. The numbers look good. Yeah. Structurally, i think theres a long term positive story, but what but a couple of things. I mean, one, gasoline prices are qui