Thirdquarter Profit Guidance also a miss. Up in smoke. Jules defense of its marketing policy goes proof. The company is grilled by lawmakers in washington who say more teens are getting hooked. First to our top story, a tale of two earnings as amazon and alphabet report secondquarter results. Shares of the Parent Company jumping while amazon is heading in a different direction. Alphabet reported revenue that beat the highest estimates, calling concerns of slowing growth at the heart of the largest digital ad company. Grew by the cloud unit 37 , but not enough to top estimates. Discuss to you cover alphabet and amazon, so what is happening here . Bad q1,bet was such a that it was easy to step back from the disaster they had. They put a great number up. 25 billion. L this is one of the cheapest largecap tech names we cover. It was the worst sentiment going cover. Ny techmeme we it is definitely the least givenarent company, so the q1 blitz, this is a rebound. I am not sure investors will
Decision on stimulus. Mario draghi made it clear the European Central bank has one way to go and that is lower when it comes to rates. Earnings reports, how fast continue to roll out fast and furious. We have been successful with pricing. The revenue pressure is not sustaining in the industry. It is the teflon company. From Central Banks to brexit, the weeks top interviews. There is a certain small probability this could be dangerous. What is happening to the u. K. Economy is not entirely driven by brexit. It is all straight ahead on bloomberg best. Hello and welcome. Im juliette saly. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. On monday, optimism grows on signals the u. S. And china might be preparing to restart trade talks. Facetoface negotiations between top chinese and u. S. Trade negotiators could be restarting soon after
Regional bank bb mpdbb t kelly will join us. Toll brothers, shares down 8 , and some provisions in the tax bill that could make it tough going for the housing sector well explain. By the way, tomorrow lululemon reports earnings that stock has been up 25 over the last six months. Big comeback there we have a debate on whether that rally can power higher into year end. But we start with the breaking news out of washington today. Plenty of it, again. Kayla tausche has details fo kayla . Reporter bill, we learned nearly 40 House Republicans signed on to a letter drafted to be sent tomorrow to republican leadership, including the Senate Majority leader Mitch Mcconnell and Speaker Paul Ryan as well as senator orrin hatch and congressman kevin brady that requests the removal of this first in first out provision its a controversial proposal that has remained in the Senate Version of the tax plan that essentially requires investors to sell older stock first. It would raise about 2. 5 billion ov
Im carl qintanilla with sara eisen and john ford. Joining us this morning, Henry Blodget and cnc contributor, mike jackson. Good morning to both of you. Our top story is going to be the markets and rally mode. The dow is up 175. Got a pretty upbeat adp number. Some of todays top dow gainers are bob pisani is watching a lot of Different Things moving on the floor. Complicated parts. 2378. Off of the highs. Two things moving things. Higher yield and higher oil. Take a look at the k. B. This is the bank index. Buying finally started coming off of the lows of yesterday. We weakened a little bit. They cant decide where they want to go. Thats a big influence. Energy, the xle, oil stocks, they moved as oil rallied towards 52 dolz. They came down. Copper is up, nickel is up, zinc is up. Some of the copper stocks are moving there. Freeport may reopen that copper mine in indonesia they have had problems with. A big ipo in the energy space. Hess missstream, they own pipelines in the bokken. 25. 5
Feds speak is bouncing us all around the block. Well get to that. Our road man begins with hails celestial, delaying 30 , citing an accounting review, reporting it does not expect to reach its anticipated sales in profit levels. Cramers off but hes going to call in on this one. Its also a huge week for retail. In the spotlight, home depot, we dig into the company and the positive out like. Well take a look at where we may go from here. Hails celestial announces it will delay its Earnings Report due to accounting issues. And simon is on mad money back in may when, he talked about hiring outside counsel, take a listen. Our business got a lot more complicated. What i decided to do is call some outside help. A little unlike to you do that. People thought maybe he need some help personally or whatever. All right. And with that i brought in some outside help and to come back and look at hain all of these Big Companies hire 0based budgeting. So what i decided to do was take a look, how do we