Getting worse. Wayfair shares are sinking concerns about the Online Furniture companys margins and its plans to increase ad spending weighing on the stock, down a little more than 5 off those record highs that it hit earlier. Not to mention potential competition from amazon. Well talk about all of this with the ceo in an exclusive interview coming up this hour. Who, by the way, does not consider himself in competition with amazon. He feels like their niche furniture cannot be replicated. So far neither do investors this has been one of the hottest stocks in the Retail Sector this year. Momentum stock. The question is what does amazon have planned . Dow component disney reports earnings well tell you what to expect and, yes, a first on cnbc interview with ceo bob iger and, of course, everybody is wringing their hands, of course, over espn lets bring you up to date on the markets here the dow down nine points we all know the dow has been up 10 consecutive days. Nine of those have been a
Tepid response is causing World Leaders to revert in droves. Yousef 8 00 a. M. , this is Bloomberg Markets middle east, im yousef gamal eldin in dubai. Just gone midday, entering the lunch break for markets. China has been on for 30 minutes. We have a few things to mention today, fairly busy. At some point in the afternoon, we might get the new credit data out of china, Industrial Production due out of japan. It comes out of your part of the world. Have a look at markets right now as we continue to see recovery across the broader market. I think the difference between what we saw yesterday and today with japan is now very much in the mix, very much on the shoulders of the regional benchmark. Up,night wall street was certainly an extension of what we are seeing across the asiapacific. The other thing i want to mention is when you look at the currency market, dollaryen you thereally tells whole picture that there is not a lot of appetite for safeties and for safe havens. The aussie dolla
And began running over pedestrians. That happened hours after 14 people were killed when a van ran them down in barcelona. At least 100 people were injured. Three suspects have been arrested and one is still being sought. Isis claimed responsibility. A Top Senate Republican said the president has not demonstrated the character to serve job. Bob corker told reporters there must be radical change of the white house did he said the president hasnt shown the stability or competence needed to be successful. He is chairman of the Foreign Relations committee. The white house says gary cohn will stay put as director of economic council. He is upset after remarks on charlottesville. He is not quitting. The president said he is one of the top contenders to be the next fed chairman and fed chairman. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries, this is bloomberg. I am emma chandra. David thanks very much. The attacks in spain come agains
From jackson hole. At 8 30, we get u. S. Weekly initial jobless claims. Then july existing home sales. Attention is raised join us to set the stage is matthew boesler. Janet yellen says it she is going to talk about Financial Stability. What does that mean . Matt im looking forward to what she has to say on this topic. We got a wide range of views on Financial Stability in the latest minutes of the july fomc meeting. The Financial System is so much stronger now than it was in previous expansions. We shouldnt have to worry as much about the Financial Stability because the fed has been doing its job on a regulatory front. Theres one participant in the stressed raisingmade rates gradually would be the best way to strike a balance between maintaining Financial Stability and its inflation and employment goals. Its not clear yet what is the consensus about using Interest Rates to address Financial Stability concerns or not. David that is one of the questions if you take Interest Rates and Ba
It might sound crazy, but our market monitor says wells fargo is a stock to own, despite its run of stumbles and scandals. Strike taking big. How one entrepreneur turned rundown Bowling Alleys into a modern powerhouse brand. Find out how he made his millions tonight on nightly Business Report. Its friday, december 23rd. Good evening, everybody. Im Bill Griffeth in tonight for tyler mathisen. And im sue herera. Thanks for joining us, everybody. The Defense Sector is being shaken up. The president elect is pitting Lockheed Martin against boeing, two of the worlds biggest defense contractors. And today lockheed stock felt the pressure. As we reported last night, donald trump tweeted that he could use a boeing plane as a substitute for Lockheed Martins f35 combat jet. The f35 is the most expensive weapons system in history with an estimated 400 billion price tag, nearly double the original budget. Morgan brennan has more on what has the potential to be a big fight over fighter jets. Report