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
Bond market barely budged today. Was todays rally the last best chance to sell we dont want to rain on anybodys parade we are sure a lot of people out there are very happy that stocks rallied today, but at the same time for an asset class, the bond market that has moved so, you know, extraordinarily in the past week and a half or so, for it to barely move today, thats a head scratcher. First of all, lets be clear. Love mariah carey whenever i can get her, especially in the heat of the august summer season. But what you are talking about is treasury is at three basis points we havent been here since 2007. You have a dynamic with the bond market, long bond about to set historical lows. Lets talk about the rest of the world. In germany theres zew Economic Confidence back in 2011 levels when we were talking about green chutes or so it seemed. If you think about the equity markets euphoria today and is it a gift from santa or truly just a reminder that the market is responding to headlines
Winning a Nuclear Arms Race despite a mysterious accident in the arctic as cause a spike in radiation levels. How a trade war between the u. S. And china is affecting latin americas stable economy. In small domestic waddles liverpool and chelsea prepared to face each other on the european stage well hear from both manages ahead of wednesdays european super cup final in istanbul. But begin with the escalating political crisis in hong kong where theres been a burst of violence between protesters and police at the citys International Airport started after an injured man who was being held by protesters was taken away by medics demonstrators say he was an undercover officer for the chinese mainland earlier flights were suspended for a 2nd day after thousands of protesters jammed the terminal chanting singing and waving banners. Hong kongs protests were sparked by a controversial extradition bill which has since been shelved but the demonstrators want it totally withdrawn they have 5 demand
This critical summit for him. The president will be talking to nine of the 20 leaders. That will start tonight japan time. President trump will be talking trade with japan and china. On japan, the u. S. Trade representative Robert Lighthizer believes he could have a deal, a trade deal in place within weeks, on china and in exclusive phone interview with our maria bartiromo, President Trump says the next round of tariffs on chinese imports may not be 25 . I havent done phase two yet. Now, phase two doesnt have to be 25 . It could be 10 which people can absolutely handle. But our people arent going to pay for that either. And the president argues that Chinese Government is actually paying for these tariffs and the way he says that is the Chinese Government subsidizes their companies to keep the export costs low on to these tariffs. Thats the way he says china is paying for this. This week will go a long way to see if we can have a trade deal in the near term or longterm with china. A sou
Admits damage. Bying their sales will fall half. Shery lets get a quick check of the markets close. We saw tech stocks weighing on the markets. Chipmakers tumbled the most in a month. The paying back some of its decline. Index. G on the we saw them trimming their sales forecast. We also had solid retail sales data, not to mention manufacturing numbers, undermining the case for a more dovish fed. Ups see how we are shaping for the asian markets. Sophie the headwinds are gathering for markets around trade and geopolitics. Awi stocks are said to snap bourdais rise for softer gdp growth from new zealand. We will have very little data to distract. Major weak is a spot. Huawei is reportedly basing for a seat dropping global phone shipment. They want to reduce chip orders. Checking in on commodities and oil, we are making a firm start to the week. Take a look. Adding about 2 10 of 1 after sliding last week 2 . Clocking a fourth weekly advance pushing above 1350 two a high. Higher, and ity cou