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
Giving equities a nearterm jolt. Seeing declines across the board. Hang seng off 1. 2 percent and the msci lurching to the downside as you can see from the getgo. A quick look at china benchmarks to see how they are doing. That tells you everything. I guests we had a bit of a gut check for those developers. Not out of the woods. Investors coming to grips that may be the authorities theyve been sort of taking a piecemeal approach. Perhaps they are getting it right. We dont know yet. Theres a feeling perhaps it is working to some extent given the long queues people had looking for properties in shanghai and beijing. Yvonne its amazing. The mortgage down payments, people just start lining up and they saw transactions that weekend was equivalent to what they saw in a month according to some local reports. What did that translate to consumption is another key factor as well. Its interesting to see with Country Garden. Today is the day, or tomorrow, the grace period of the dollar bond ends a
This morning. Hotels in new york offering a social media wedding service, that person who takes selfys on your big day. Adam a nation of narcissists. Cheryl is social media going too far on this . Adam if you want to spend 3,000 go for it. All right, we have a stock alert right now. Lets get to Nicole Petallides working entertainment and candy crush. By 3,000 worth of stock to the upside. We traded as low as 19. 08 a share. What is interesting about this is people are concerned about this. This is the big ipo. Everyone was waiting on this one but it is over at 7 billion in valuation but the concern is whether their main game, is that it . What will they do in the future . Did it allow zynga . Some of the other traders on wall street say that. We watched zynga closely, it is down 50 from its ipo debut in 2011 but you see zynga down 4. 3 on a day when the market is doing great, tough market conditions, the ipo is having a little bit of tough time on this day. Jpmorgan and bank of America
Off, i could spend my time weeping, but very ritzholtz is with us. Into the dig right newsfeed, we have a lot to talk about. From the short side is dont announced you have short a billion dollars in anything, you just get squeezed to death. They with us. What else are we focused on . The Real Estate Market taking a breather. Home prices rose at the slowest pace in more than a year which is according to the case schiller index. Prices were up 9. 3 . Anyonetime high flying stock sync technologies is back to where it started. Its shares have officially sunk. It felt to . 60 a share. Earlier it rose to . 22 a share. Is despite having no revenue. Regulars halted trading for 10 days. Donald sterling is one step closer to losing his la clippers. A california judge ruled that sterlings estranged wife could sell the team to the former microsoft ceo steve ballmer. Two doctors had found that sterling is mentally incapacitated. From dick hearing parsons at 3 p. M. Eastern. Another big name, you ju