Going to be up at the open. It would appear at least judging from the futures. European markets have had more or less reasonably decent day. Good, love to see it again. Thanks everybody. Thats going to be a constant now. You see the one outlier is the ftse 100 in the uk. 10year note yield and crude oil, crude was a story yesterday going down, 10year note yield around 1. 5 and now crude up a bit but did seem to take the market down a bit yesterday. As it weakened in the session. Alibaba reporting its earnings this morning and they did top estimates. Overall revenues were up 59 year over year. Gross merchandise volume jumped 24 . Joe tsai is the executive vice chairman of alibaba and he joins us now from hong kong. Its always nice to have you, joe. Theres a long delay, i should let our viewers know. I will talk and then you talk. Not sure were going to be able to talk back and forth as much as we might want to. Let me start with this, joe. Of course a very strong quarter. You did report
Joining me back in new york, john and kayla. Busy day, day seven and a busy day back home at post nine, back over to you. Thanks so much, chaarl. Amazon hitting alltime highs. Earnings from michael kors, jc penney and if you can remember back to monday, we kicked off with walmarts 3. 3 billion acquisition. The retail space heating up. Where should investors look to next . Tony florence is a general partner with nea and early investor and director in jet. Com. Tony within its great to have you. Thank you. To shed light on retail. Retail sales for july miss. I mean, its dark. Unless youre someone whos selling automobiles. Whats happening . Well look, i think these are trends that weve been seeing for a while. I think some of it more evident today. Theres been a big shift in consumers over time you know online, and i think certain categories started that. I think theres much more broad base today. I think the experience today online and mobile is much richer and its in many cases a better
Stop. How is spain doing your ask, italy doing . We dont have it today. Oh, my gosh. My kids are there, the italian gdp is going to come out. Come on, guys. We were lower in europe. Back to the big three. The joke has been the last few days weve included spain and italy, not that they are inside joke. Thank you. When the show starts. Yeah. Im sorry. Were in the show. Okay. 10year note yield hanging around 1. 5, where its been. Were a bit below that today and wti had been up there was a rally when for some reason people believed the saudis or their jawboning. To our road map this morning and it does start with the markets. The dow, s p, nasdaq closing at record highs yesterday. Where do we go from here in big Retail Stocks on the move this morning after some earnings. We also got overall retail sales. We will break down the busy week for the sector and go live to rio, of course. You saw carl, the u. S. Racking up a lot of medals. Carl is talking to the athletes and will have a lot of go
Was a record day on wall street. Look at yesterdays close, 18,613, all three major averages, the dow, the s p and nasdaq hitting new highs, First Time Since december 1999. Futures searching for direction but we are headed off of the record performance yesterday. We are getting an important report, an important move for the consumer. We will bring you numbers. We are seeing mixed performance, the s p is better on the session. And weak data out of china, not a big statement on the average in japan, better than 1 , the shanghai in china up one and two thirds . A sneak peek at star wars rogue one. The infamous character set to rule the galaxy once again. All that series coming up on friday morning. Morgan ortega, barrons online editor, and harlan hill. Happy friday, we will see what the retail sales says. The Department Store rally is exciting, they have gotten destroyed 4 years. Maria peter king is with us, and doctor ben carson will join us, 32 advisers, from president obama to take us t
Wave o, finding dory and Captai America to a very profitable quarter. That incre helped off set sales of its cable unit, which fell short of ek peck tases and the Biggest Surprise was a major in in a Video Streaming Company formed by Major League Baseball. Bam tech. Overall, disney earned 1. 2 per share. R reve but investors apparently wanted more and shares fell in initial afterhours trading. Julia boorstin who speak with bob iger, ha results. The big headline from d earnings red light is commitment to digital. Third of streaming Video Company bam tech for a billion dollars. With plans to buy a new sports app. Also plans to o apps and produ companys other properties. Model. Hin we think that in todays world, having the ability to stream on a scaled basis, live sports and live programming, is a competitive advantage. Disneys ceo says this investme leaves the door open for th eventually bring its core espn Service Direct to consumers outside the bundle if and when it makes sense and in