The futures indicated up about 322. The decline of 30 points futures point to bigger gain at the open of about 30 points. The nasdaq is open it is very early we have seen a lot of volatility lately lets look at what is happening in the treasury markets. Wti said the july contract that is the active front running Contract Trading above 22 a barrel one point of favor for the bulls on this. The 10year at 0. 698 . Andrew thanks, becky we have a huge lineup of guests. We keep saying a huge lineup but we do. It is crazy. Joining us exclusively this morning is walmart ceo, head of cocacola, james quincy, another exclusive with the new ceo of united the ceo of lonza that is partnering with moderna. A huge three hours ahead lowes, wow. Adjusted net 1. 77 the estimate was 1. 32 look at the stock. Up almost 4 home depot yesterday which was part of the reason that dow fell was because of home depot. Same store sales up 11. 2 . Dot com sales rose 80 lowes is going to invest quite a bit to support e
About with joe, andrew and becky and the degree to which walmart can post a 74 increase in ecommerce it looks like the big guys won. You basically had them cordoned off as essential services. So many other companies, little companies, medium, small, just couldnt compete this is what happens when you have a survival of the fittest economy. This is darrwin playing out. These numbers are astounding if the stock had not run up every day, i wouldnt know what to do. Add back 60 cents for home depot and before you start selling it thats the costs they said home depot had to keep traffic back they had to hold back traffic because they were trying to do it safely. Walmart had these big stores, they were set, ready, and their dotcom, ever since they bought jet. Com has been amazing they also can do a lot of food these are Great American companies that are on fire the move in walmart is stunning ever since he decided doug mcmillan, who is on squawk tomorrow, decided to creator the earnings in ord
Lets see how things did overnight in asia. Asia was leading the declines yesterday. This time a little different story. Nikkei closed up by 1. 5 hang seng was up by 0. 6 shanghai was flat. In europe, at least at this early trading hour, there are green arrows across the board. Barely hanging on for the ftse the dax and cac each up by better than 0. 6 looking at crude oil prices, at least right now, crude oil looks like its down 7 cents 55. 26. Couple big stories were watching, mattel has rejected a takeover approach from rival hasbro reuters reporting that mattel believes the offer undervalues the company and doesnt take into account the potential for regulators to rejected the deal on antitrust grounds reports saying mattels new ceo who took over in february may be trying to drive a harder bargain in talks with hasbro the company cut its fullyear revenue outlook. You are looking at both of those stocks now time inc is reportedly restarting talks to sell itself to publisher and broadca
Opec meeting, psych cyber monday today. The benchmark yield around 2. 33. Our road map begins with the holiday return of the consumer black friday sales topped 5 billion. Cyber monday expected to set online records. Retailers are in the spotlight. Futures flat ahead of the first full trading day ahead of thanksgiving. And the Koch Brothers making a big bet on magazines, backing a meredith bid to buy time inc. Adob bee analysts expects consumers to spend 6. 6 billion this cyber monday. That would be up more than 16 from a year ago and bigger number than the 5 billion adobe says was spent online on friday. We talked about colder weather, and lean er inconvenienventorie reports that in store traffic was down maybe a percent, maybe a little more, but not dramatically. Thats a good test of exactly how low expectations had been for basically physical scores. They dont look like they will broadly give back the pop they had on friday. So many things working in the background in favor of having
Social responsibility. Should they take the lead on possible gun control power lunch starts right now and welcome to power lunch, im Michelle Carusocabrera and stocks are carving out accident gain ahead of the fed minutes but that could change in less than an hour. Yields on the twoyear note hitting the highest level since the beginning of the financial crisis and watch the fiveyear because results of an auction moments away Home Building stocks are rallying today tripoint and kd home and pulte are leading the way and fueled by advanced auto parts, stocks are up doubledigits on the back of the earnings. We have eamon javers with breaking news at the white house. Reporter weve been watching this student protest in front of the white house this afternoon protesting against gun violence. Weve seen the president has a meeting later on today with a number of students who have been affected by gun violence and i spoke to a white house official who signaled new flexibility on the part of the