It always leads us to our road map. It starts not with the stock market but with the big Company Named walmart and its shares, which are set to open at a new all time high. The retailer delivers an earnings beat, also forecast what is quote a good Holiday Season plus, Global Technology spanning slowdown concerns, cisco shares, they are sink ahead of the bell as we told you. Rain or shine, we always like that he will be with us for an interview and Elizabeth Warren on attack. The president ial hopeful dropping a fierce new campaign ad today shes targeting a handful of outspoken billionaires who have criticized her publicly. Many of them right here on our air. Lets get to shares of walmart they are on track as i said to open at a few all time high, quarterly earnings, Comparable Store sales up for a 21st consecutive quarter and ecommerce sales, get this, 41 in the u. S. Was what they were up that was helped by growth on what they said was Online Grocery. Walmart also raises its full year
Expectations china vowed to retaliate against u. S. Tariffs set to go into effect september 1 were now on track for a higher open lighthizer said its not possible given your past behavior so an awful lot to absorb today. Very interesting that the futures are up exactly the amount they are right now. They issued a very strident set of words toward us at the same time, announced stick l stimulus for hong kong where is what the president said on twitter what happened and without that, i think theyre going to view the olive branch of moving back to december as an illadvised move because the chinese arent playing ball were going to have Chuck Robbins later on this hour the chinese derailed their outlook. Asking them not to bid on business things are getting very, very tense. If we let that dominate the headlines and forget to look at what walmart said today, i think well have a false narrative because of how bad things are. Remember, we are not a big export nation. But yeah, the gloom is pr
Roadster. And the courting of 21st century fox. More potential buyers for parts of that company emerge the fate of the company and what it means for overall media and shares of cisco having a great week so far. Chuck robins joins us on set in a cnbc exclusive. We start this morning with the latest potential bidders for assets of fox that include its studio, its ownership of sky, star, fx, the National Geographic channel, Regional Sports network, i could go on and on ownership of hulu, comcast our Parent Company the latest company to be in talks with fox as i reported later last night as we reported yesterday at cnbc as well for those assets in what is described by people close to the situation as an all stock deal that would in Effect Exchange comcast shares for the assets in question giving comcast potentially a much larger international component, certainly what is described as a whole if you want to think of it that way in the companys current construction largely a domestic company
Oil still trudging below 43. Our road map begins with chinas ripple effects across the global markets. Was a secretive News Conference enough to stop the bleeding. Retail sales are rebounding. Some major Retail Stocks falling hard. More pain to come in the sector. Two stocks sinking on secondary offerings. How should investigators make those moves . Futures lower. China allowing is currency to weaken against the dollar for a Third Straight day. Cutting about i 1. 1. The Third Straight day of cuts as applies to markets. You sat here yesterday and said you like the setups and you saw what the dollar was doing. People are going to think these are okay. The dollar is back to being strong. Oil challenging 42. Those stocks were integral to the turn. Interest rates kind of doing nothing. The earnings other than cisco. The retail earnings directly in contrast to the retail sales number. You put macys and kohls together, you have to wonder what nordstrom is going to say. Yesterday was perfect.
Cool patterns predicting the next big moves for stocks. Off the charts segment is antithet call to my stock picking methods. I know from your feedback on twitt twitter youre interested in this analysis. I devote a whole chapter to charting, i havent become a charter myself if youre studying the physical and mental faculties, research, annuals and sectors and i lay it all out. Charters dont care much about this some of them hate the distraction of knowing much at all about a company for fear would bias them against the stocks chart. Ive become pretty proficient at charting over the years but i still allow on the individual work of professional technicians to demonstrate how to use charting and learn techniques that i could teach you i am picking the best of the best charts of some of the best technicians we was worked with, exploring the patterns so i guess you got to cull me a longterm believer thats why ive started nearly every saturday morning for the last 30 years reading the daily