This morning. Yield curve continues to flatten and of course the fed minutes are on the way 2 00 p. M. Eastern time. Road map begins with target shares plunging after the Company Issues guidance. Call will begin in just over an hour. Goldman sachs downgrading equities saying theres no particular reason to own them. And fed minutes are coming out later today as the dollar hits a sevenweek high. Four years ago today facebook went public at the nasdaq. Shares priced at 38, now closer to 120 on a day where Mark Zuckerberg is set to meet with some u. S. Conservatives. First up, mixed picture on retail, target beats on quarterly profit but revenues and comps miss, Current Quarter guidance, lows better than expected results, comps up 3 surpassing home depot for the First Time Since 2010. And staples beats on the top and bottom line. Hard to remember a time where lowes its routinely the bridesmaid here, not this time, jim. Used to be for about four or five years during a period before frank bl
For all of the dows implied decline, macys is no good either. Well get to all of that. Europe in the red this morning. Asia quiet overnight. And watch oil up four of five sessions following the best day in about two weeks. Our roadmap begins with four names down big this morning. Shares of macys falling hard after the companys Earnings Report this morning slashing guidance. Terry lundgren saying on the call we are not counting on the consumer to spend more ncht office depot and staples calling off merger after a judge blocked the deal. Both stocks taking a hit this morning. And disney shares falling after missing estimates for the first time in five years. A drop in espn ad sales and subscribers taking a toll on that quarter. Ncht first up, macys down in the premarket after the company missed on quarterly revenue and slashes their full year guidance. Retailers says Top Line Sales expected to remain below initial expectations. Macys Early Release Terry Lundgren saying we are seeing cont
Bullard told cnbc about a potential june hike. Obviously weve tried to be data dependent, and i dont think theres any reason to prejudge the june meeting at this point. We can wait until we get to the meeting, see what the data say and try to make a good decision there. I think on the issue of press conferences we have made many moves over the years without press conferences, so i think you could make a move without a press conference in this circumstance. The labor market data, as i said, if you just took your signal from that, wed definitely move, i think. As a reminder, june is scheduled to have a presser, july is not. Says were at or beyond full employment, jim. Right. Now, he had wavered last time because he felt if oil went to 20 then he would be a lot less willing to hike. Obviously oil went the opposite way, so i think he goes the opposite way. And i think hes being very considered, making good judgments. Yeah, if the numbers continue to be this strong, yesterdays number from T
Happy to be joined by some here, including veterans from all branches of our armed forces. My job isnt just to entertain but to educate and teach you. And today, to honor and thank you for your service. Call me at 1800743cnbc. Or tweet me jimcramer. Seam an optimist by nature. You have to be an optimist to invest in the stock market. Why . Because you need that faith that things can get better than they are now. In other words, you have to bet on progress, and on discouraging or middle days like today, dow up 28 , nasdaq declining, i found that maintaining a positive albeit skeptical stance makes you a much better investors. Some of you may regard this world view as obvious. But its anything but. Were on the eve of a tightening cycle where the fed is going to raise rates multiple times. Each rate hike will test your ability to stay in stocks. Each rate hike will make symptoms more risky to own. There are many stocks that can still do well, especially if the fed takes a measured and con
Gold, crude moving lower this morning. The dollar setting some new highs. Just now, jobless claims rise to the highest levels since june. Poised for a higher open, lulu lemon beats on the top and bottom line. Raises forecast for the rest of the year. Another retailer trying to regain its cool. More from target, as well. The exclusive interview we just mentioned, that newly minted chief of sprint will sit down with favre. Oil prices falling on worries about growing supply, International Energy agency lowering its oil demand forecast. This on the morning after the president delivered that primetime address outlining his strategy for combatting the threat from those islamic militants, including american air strikes in syria. This Counterterrorism Campaign will be waged through a steady, relentless effort to take out isil wherever they exist and support for our Partner Forces on the ground. This strategy taking out terrorists who threaten us while supporting partners on the front line is o