Both major toy companies, mattel and hasbro, could toy sales be a red flag for christmas. . The nasdaq holding on to a small game all three averages on pace for a lower week, lower month as well. Chipotle higher following results. It was able to rise prices to offset rise in costs and post same store sales growth of nearly 8 . Up 6 right now. S sanofi shares are having the worst day. According to mizuho, no pharma stock has lost more than 10 you can see those shares are down 19 todays rebound in tech helped by positive earnings reports. Lets start with intel and Kristina Partsinevelos well, intels results were much better than xched but largely in part due it a boost in personal computer sales lets start with the good news Gross Margins are showing signs of life signaling a bottom might be happening, because pc sales are improving, which bodes well for amds earnings coming out next week. Cost cutting is helping operating margins. Intel also signed two more foundry customers for a total
Secondquarter revenue, 74. 1 billion. That is the number that we were looking for for revenue. Once again, secondquarter earnings per share one dollar. 74. 1 billion, secondquarter revenue. Scarlet thank you so much for that first read on exxon mobil results. We have alix steel. This is our moment. She is busy looking through all the numbers. This earnings pershare number. Matt versus almost three dollars last year. It is an amazing drop. Alix we do want to hear where the miss actually happened. The common theme for earnings has been production and job cuts. What they do with production is mattering a little less. Can they keep their dividends . Do they have cash flow to cover it . That is the focus. Every quarter, it is usually production, production production. That came in bang in line. Those metrics matter a little more. We are getting a reading on capex comeing in at 8. 3 billion. Scarlet we were talking about production. Why is it significant to meet Production Target . Alix big
Caroline theres no way theyre going to negative rates anytime soon. That seems to be fortunate. I appreciate Stanley Fischer saying it does seem to have some limited effectiveness where is employed, notably, japan and the ecb. Alix he says we are near full employment, pounding the drum as we are three days away from that allimportant job number on friday. Caroline so much focus on that. They are going to be poring over the case schiller numbers as well. Theres so much to do over the u. S. Economic data today. The Housing Market front and center with Robert Shiller joining us later in the program. But first, we have to get on to the markets. To thatthey reacting Stanley Fischer discussion . Alix we are seeing a lot of action in the treasury markets. The yield moves lower by about two basis points. Yields are moving lower by two basis points, and we are seeing buy across the board. As the yield comes down, counterintuitive, considering Stanley Fischer says we are not just one and done. A
In europe. And then finally a quick look at crude before we get to a couple of the big stories of the morning. Wti at 46. 57. That would have been a good move around the 40 handle couple of days ago. Here are the big stories were watching today. Amazon crushing earnings estimate, posting most profitable quarter ever. We asked yesterday are they still sewing . Or starting to reap . Looks like the reaping has been. Cloud computing business. I thought they sold books. No. They have changed apparently. Side things. Other things in the last few years. Helped the Online Retail giant pull off the beat and stock took off. Jeff bezos net worth went up estimated 6 billion dollars based on how much stock he owns. And other stocks on the move this morning as we check into earnings central. Pandora reporting a wider First Quarter loss. Although it wasnt as bad as analysts expect. The streaming Music Service is raising full year outlook thanks to higher ad sales. And baidu fell to lowest level. Chin