The day. This is sort of translating over into the equity markets as well. The risk off tone continues after a 3 selloff yesterday. We got some of that tension in the last two hours or so, with china saying we violated the agreement given the 10 tariffs. They are vowing to retaliate. We have a read now on the u. S. Consumer. Walmart earnings are coming out. Let me jump over to that. The risk off sentiment continues. David earningspershare was a beat, 1. 27. Their target comps beat estimates, samestore sales. International sales were down a bit 1. 1 ,. A little bit of a leavening there. Also a beat on the revenues. Good numbers here, and it looks like in the premarket, it is up well, that has it down 3 10. My terminal has it up. Taylor i think it is because they are boosting their fullyear growth target. Analysts were hoping for a beat, hoping for them to shrug off some of the trade concerns and tariff concerns and boost that fullyear adjusted earningspershare growth. Indeed, that is wh
2. 5 and maybe more. 1. 5 for the 10 year. Someone saying we will see tremendous reinflation over the next 10 years, buy gold. And on the other side, and have someone saying, 10year yields are going to zero. I dont want to think of a world of zero interest rates. That is where we are heading over the next couple years. 0 for the u. S. Treasury seems like an excessively pessimistic forecast. We have had the recovery, its coming to an end. If you believe that the Business Cycle is coming to an end, that call makes sense. Now the Central Banks are falling into line and cutting rates, one after another. When we start to get this polarization of views, it tend to be close to regime changes. I am not saying we will get there right away. Something is going to give. That is the journey we are on until Something Different happens. Jonathan joining us to discuss lisa hornsby from schroders, Gershon Distenfeld from alliancebernstein, and noelle from invesco, over in atlanta. It is a big call from
Ferro, Lisa Abramowicz and annmarie hordern. Lets get you to the weekend. Live from new york city this morning, good morning. This is bloomberg surveillance. Amh has started social be back on monday. Equity futures positive by 0. 7 . Alphabet and microsoft, they do not need rate cuts from the Federal Reserve. Alphabet we are talking about beats on the top and bottom line. Throwing a dividend an extra 70 billion Share Buyback. Lisa i was trying to put this into perspective because its one thing to see a random share gain 11 . Its another for it to be google. Those what 400 billion combined. Thats almost equal to walmart. Its basically to mcdonalds. Its unbelievable to see two names dominate in this way. Jonathan very happy with himself he will join us in about 10 minutes time. He says this is the mid 90s not the late 90s. For tech stocks. Lisa essentially this isnt just nice words about how Artificial Intelligence make robots cook our dinners for us this is about them expanding their Cl
And began running over pedestrians. That happened hours after 14 people were killed when a van ran them down in barcelona. At least 100 people were injured. Three suspects have been arrested and one is still being sought. Isis claimed responsibility. A Top Senate Republican said the president has not demonstrated the character to serve job. Bob corker told reporters there must be radical change of the white house did he said the president hasnt shown the stability or competence needed to be successful. He is chairman of the Foreign Relations committee. The white house says gary cohn will stay put as director of economic council. He is upset after remarks on charlottesville. He is not quitting. The president said he is one of the top contenders to be the next fed chairman and fed chairman. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries, this is bloomberg. I am emma chandra. David thanks very much. The attacks in spain come agains
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