And shanghai up 18 points. The dax up by a half percentage point. Similar gain for the cac in france the ftse in london up by a similar amount the yield in the to twoyear, up 1. 763 also look at gold prices because they were under some pressure yesterday gold down about 1. 6 1,27 1,279. 50 lowes is recording 1. 05. Above the estimates of 1. 02. Three cents above estimates. The revenue number that im looking at, at least sales, 16. 8 billion thats a bit above looking at this forecast company sees fiscal year eps of 4. 20 to 4. 30 if thats not an adjusted number, its below the 4. 50 on the estimate here. 1. 05, three cents ahead. The company is supposed to earn 87 cents next quarter that would have gotten the company to 4. 50. They beat it by three, so they only need84 cents in the fourt quarter to hit that number maybe thats adjusted. If its not adjusted, its below the forecast maybe theres something there. The adjusted number may be different than the 4. 50. Looks like theyre lowering
Off consumer stock Britains Civil Aviation Authority says it will take action against ryanair for misleading passengers as the airline extends Flight Cancellations into next year it says it will also meet with regulators good morning Global Markets are buzzing around that trump tax plan we have seen optimism in stocks. This morning stoxx 600 is off a bit. We are just hovering around break even there was the expectation of a steeper yield curve. This morning the ftse 100 off by 0. 3 the xetra dax up 0. 2 the cac 40 holding on to the flat line. When it comes to the sectors, you have banks still outperforming. This is the trumpflation reflation trade i was talking about. Technology, Construction Material doing well. Retail is the key underperformer off by 1 given the bad news from h m, slowing sales, they had to cut prices as they had to sell off the summer stock. You can see those shares slumping in swedish trade. Lets get back to our top story, the Republican Party unveiled plans for an
Joining me, and our guests as well. And good to see you. And jeff bezos with another alltime high up 40 in the last three months bringing the stake from up to 48 billion. And amazon and macys going in different direction, and what is your take on the Department Store drama . Well, clearly the market is saying something is secular and something faster is going on than we were considering before, and clearly not the weather or the fashion cycle or the apparel, because that is one of the concerns, too, and for the markets, one of the biggest problem is that there is no good way for the investors to express this shift or the play it through the single name of amazon. Amazon is one quarter of the s p Retail Sector and not 25 of the sales, but maybe it will be soon, but to me, it is this distortion is going farther. And where you are in seattle today, amazon has thought to be changing retails for some time, and at least from the sentiment, but why are the inflection points in retail is happe
As the board drama continues, well go live to Paramount Pictures for the future. And microsoft wasnt the only offer on the table for linkedin. How sales force missed out. Viacom issuing a warning for the current warner. They cite weaker sales after redstone moved to oust five board members. This is a significant warning on estimates. Yeah. They blame one movie. They claim the slate is going to be very good going forward. But they said the slate was going to be very good going backward. This is a company thats in disarray. If you buy the stock, its a complete crap shoot. Its rare you are say do we know whats going on in the company . I think they dont. And i say in a vacuum, the stocks a poorer vacuum. I think you buy it because you get a bid but thats just reckless. Theyre looking at 1 to 1. 05. The street was at 1. 38. A lot of people come in say a nice base had been set on this name. Yeah. I just look at this situation and i just think that this is such a poorly run company that the
Because it happened in my district. And i said its what he said. This came from loretta lynch. Its a lie because it happened in my district. Coming up on cspan3, a discussion on Monetary Policy and the u. S. Economy. Then house and Senate Members discussed legislation to assist with the treatment and prevention of opioid addiction. After that, the d. C. Bar hosts a review of the recent Supreme Court term. And later, a look at how the media can improve education. Next, a discussion on Monetary Policy, the economy, and the impact of the uk brexit vote on the global economy. Federal reserve board member Daniel Tarullo spoke at an event hosted by the wall street journal. This is just over an hour. Good morning. Thank you all for coming. And of course thank you, governor tarullo. A couple of quick programing notes. Were going to talk up here, the three of us for about a half hour. Then were going to open it up to people in the audience and to the audience watching on livestream and via cspa