Some gains at the open expectations are high for the chip makers results after the bell watch apple. The midst of a sevenday win streak with a gain of nearly 13 so far this month. Lets begin, though, with target down sharply on this Quarterly Earnings miss and a sales decline. The retailer did say customers cut their spending on discretionary and grocery. Company did reaffirm fullyear guidance, jim. They guided comps down and came in 3. 7 when you talk to brian, hell be insistent that this wasnt anything that you should find unexpected the thing that im struggling with is he talks about the consumer, in tepid terms walmart didnt walmart told about a consumer thats in good shape and price rollbacks. We didnt get price rollbacks from target until this week. So, im beginning to wonder whether target is out of position versus walmart. Where walmart is really starting to walmart plus represent a bargain. Walmart can also subsidize sales because they have this terrific advertising business t
Now. Steve thank you todd and carley. Its 6 00 here in new york city. Monday, may 20th, 2024, welcome to fox friends for a new week. We start with a Fox News Alert. Iranian president Ibrahim Rishi killed in a Helicopter Crash. What that means for rogue regime and for all of us in the United States. President biden heads back to d. C. After morehouse grads some of whom turned their back on him during eyebrow raising speech. You got hear. This you start a college just as george floyd was murdered. And there was a reckoning on race. You have to be 10 times better than anyone else to get a fair shot. And, stealing the show. An adorable 6yearold saves a law school graduation. Holding up a hand drawn heart. Look at that antiisrael protesters disrupted that ceremony that they said in the post children see hate. All right. Fox friends starts right now. Remember, your mornings are better with friends. Steve all right. Lets kick things off 6 01 here in new york city. Fox news alert. The presiden
Members to secure the capital. Obviously, we still have work to do. We have to go upstairs. Youre watching cspan3, milk, lemonade, around the corner laws are made. We now join the house g. O. P. Still trying to elect a House Speaker. Welcome back to the speaker race where the first g. O. P. Congressmen to make it up the slippery stairs wins the gavel. And they are off its a small group of locals. Here is Steve Scalise in red working his way up. Jim jordan is way in the back and yellow but making his move. Oh, falling behind again what makes the stairs so slippery . Most people think its the oil, but its actually Kevin Mccarthys tears. Hold on, Steve Scalise is near the top, within an arms reach of the gavel. Oh, he takes the entire Republican Party down with him too bad join us next week when the House Speaker candidates square off to see who can withstand the nut gavel. Announcer its the late show with Stephen Colbert tonight s kelis and desist also, please welcome john mulaney and mu
Plants. Well get the latest. And the iae saying the israelhamas war has oil markets on tenter hooks. The general take means the fed may look past this one. Well, look, theyre struggling on shelter very much because its rent. They took the housing out in the early 80s, and theres just not enough places built. We had some numbers this morning, i was watching on frank hollands show. Its 1 down in new york. Thats not thats not going to cut it. Jay powell wants to see housing rolled back a little bit more. Its up 40 . Rental, you need more apartments built. I think that he wants to see more good numbers in a row, and i cant say this is a good number. People were hoping for a 0. 1 and you do have 0. 1 if you take core exshelter, and people are looking at some of the new rent data and that will eventually get folded into these monthly numbers. And i think energy. But i just think that what happens is that you hope that other things make it down and make up for it, and you dont. Look, rent it
Citing high valuation and concerns of soft u. S. Growth. And its the Largest Health care strike in u. S. History. Some 75,000 Union Members at Kaiser Permanente walk out of hospitals and medical offices. Lets begin with the markets. Dow coming off the worst day since march as you may know by now, losing its gains for the year to date. Jim, this morning, writing a lot about the tyranny of the tenyear, as you put it. Look, i think theres a consensus building that you cant have the yield curve be the shape that its in now, and i know this probably bores a lot of people, but if youre just trying to figure out, what the heck is this all about, theres a sense if you go out ten years, we got to go the usual, which is that theres a steepening curve and were all going to have to pay a little more if we go out long. Meaning, lets say you need a mortgage, thats going to go higher. We got a number that was softer today from adp and shows theres not as much wage growth, which is what people are wor