And jack lew. Brendan it is like the president and harry reid. They are all members of the same party. It is more who is responsible for the party. Tom i want to know about the german parliament. As move on to top headlines. He was vonnie quinn. Vonnie good morning for you later today the Federal Reserve is releasing minutes from last month policy makers meeting. Investors are waiting to see whether there is a consensus that september is the right time for the first Interest Rate increase in nine years. More than 75 of the economists surveyed say the fed will raise race will raise rates. The annan has devalued vietnam has devalued its currency for the third time this year. The government wants to make sure that exports continue to grow. Biggest trade its partner for at least eight years. Lawmakers in germany appear ready to back a third greek bailout. Angela merkel lobbied members of the lower house of the german parliament, trying to keep members from voting against the 95 billion aid
Cci up one point today. Oil is just above 42. In our road map this morning, target with a beat and a raise while lowes misses. Issuing words of caution, and11s years ago today google went public. First up target posting better than expected numbers. U. S. Comps up 2. 4, driven by items includes apparel. And then theres lowes a Quarterly Earnings miss beating on revenue. Comps up 4. 3 but issuing guidance slightly above consens consensus. 25 straight quarters of underperforming depot. Everyone underperforms depot. That Conference Call yesterday, its like they had this comp average, okay, about what aisles are doing better than others, and there were almost everything. Big ticket stuff and big ticket appliance for lowes. In my many dealings with home depot, were excited about the outdoor. You get spring planting season. Thats historically their christmas. In huge parts of the country, they had bad business. They still blew away the numbers. I have to tell you i feel bad for lowes. Lowes,
Lets begin with the record run for stocks, wall street eyeing new highs as we cook off the busiest week of the quarter. President trump standing by the 401 k , this is considering contribution caps as i away to ease the tax plan chuck robins will join us live to talk about the deal. Stocks are looking to make more history after the s p closed at a record high every day last week, marking it the first socalled perfect week in almost 20 years. Meantime, nearly 190 members of the s p are out this week, including amazon, microsoft. Thursday night will be a barn burner jim, whats important . I think one thing people have to know, were coming in hot its very rare we come in this hot to the biggest week there is whats going to happen, there are going to be some that do not hold up under close scrutiny this morning, the ones that did come out are setting the tone to make it so theres a way to be able to justify it, whether it be a little thing like or big thing like a tmobile. I come back and
Down for the week. Interesting intraday movements here, mike, what do you think is going on theres been this undertow of weakness, small cap stocks underperforming. Average stock made no progress, also a lot of focus on high yield debt the credit markets have been a leader, theyve been weakening for days seems its caught up to the headline indexes not sure if theres much more to it than that, other than pentup selling in september and october when were normally weak and skated higher through it i wonder if it has to do with anything thats been happening in the bond market weve been looking for clues weve been seeing a lot of buying in treasuries yields have come down from last week, almost around 250 and now people are looking at high yield and some of the selloff were seeing there that pinched yield curve got more anxiety, another excuse to do more selling. Doesnt take much to get peoples attention these days. Media is the big story at t and time warner, that merger facing potential p
Announcer this is nightly Business Report with Tyler Mathisen and sue herera. Retail wreck. Will this earnings season be the sectors worst in nearly a decade . Staying focused. The markets brushed off the firing of the fbi director, and stocks are oddly calm. Why . And what moves if any should investors like you make . Modern medicine. How Artificial Intelligence could one day predict what diseases we might get. Those stories and more tonight on nightly Business Report for wednesday, may 10th. Good evening, everyone, and welcome. The talk in washington and on wall street was about yesterdays firing of fbi director james comey. More on that in a moment, but we begin tonight with retail. Some say the industry now faces its biggest challenge since the great recession. And as the sector gets set to report earnings, investors are preparing for the worst. Weve already seen a growing number of retailers file for bankruptcy. And if the pace keeps up, this year could see highest number of such