All of that bodes well for walmart which is forecast to report a 4 rise in sales. Results from the Worlds Largest retailer should also offer a glimpse into demand for back to school items. Traders are hoping that, despite higher borrowing costs, it will show that us shoppers are still willing to spend on essentials. Staying with retail, jd. Com beat analysts forecast for Second Quarter revenue which rose more than 7 to nearly 40 billion. The chinese e commerce giants Focus On Lower priced products paid off in the fight for customers amid an economic slowdown. The company said it attracted more vendors to its platform and its users shopped more frequently as It Product Range expanded. It was a different story however for tencent where Earning Results came in below estimates in the Second Quarter. Revenue grew 11 to just over 20 billion. Tencent s core Gaming Business experienced weaker than expected growth. Domestic Gaming Revenue was little changed, a sign that the economic slowdown in
Higher Profit Margins than expected as offered fewer discounts. All that bodes well for walmart which is due to report a 4 rise in sales. Results from the Worlds Largest retailer should also a glimpse into demand for back to school items. Traders are hoping that despite higher borrowing costs, it will show that us shoppers are still willing to spend on essentials. Staying with retail jd. Com Beat Analyst Forecasts for Second Quarter revenue, which rose more than 7 to nearly 40 billion. The chinese e commerce giants Focus On Lower priced products paid off in the fight for customers amid an economic slowdown. The company said it attracted more vendors to its platform, helped by lower thresholds and costs for them to join, and that users shopped more frequently as its Product Range expanded. It was a different story over at tencent where Earnings Results came in below estimates in the Second Quarter. Revenue grew 11 to just over 20 billion. Tencent s core Gaming Business experienced weake
scare onboard a cross-country united flight in san diego to newark. a lithium battery catching fire. passengers screaming, air traffic control radioing the pilots, saying they could not hear them. we have new reporting tonight, the u.s. navy off the east coast and what they ve now decision covered. parts of that suspected chinese spy balloon and what it reveals. and the unmanned underwater vehicles examining the wreckage for explosives. a way for the chinese spy balloon to self-destruct. martha raddatz with new reporting. just moments ago, the first look tonight at what president biden will tell the american people later this evening. the address in prime time, the state of the union here on abc. the president before congress and the country, and mary bruce live at the white house. there is also breaking news from memphis at this hour in the tyre nichols case. we have new reporting tonight. what one of the officers allegedly did. pierre thomas is here. also, the war i
we have a lot for you this hour, and we re following several major stories. president biden is about to sign a pact act, a major piece of legislation aim at expanding resources and benefits for millions of benefits exposed to those burn pits and other toxic substances. we ll take you live to the white house in just a moment for the signing. and it is just an extraordinary legal week for former president donald trump as he faces several major investigations. right now former president trump is sitting for a deposition with the new york attorney general s office, and this is in connection with a civil investigation into his businesses finances. it does come just two days after the fbi search his florida home known as mar-a-lago. the justice department was concerned trump had not returned sensitive documents. we have former details about how the president may frame his defense. let s begin this morning at the white house where president joe biden is about to sign that extra
i m going to be discussing all of that with these two, there they are, dr ulrich hoppe, the director general of the german british chamber of industry and commerce. and helima croft, a member of america s national petroleum council, which advises the us energy secretary on strategy. also on the show, the big boss of the middle east s oldest privately held oil and gas company, crescent petroleum, joins me to talk about those skyrocketing prices, energy supply and the impact of the war in ukraine. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. you know, they war between russia and ukraine is about to enter its sixth month. the human suffering on the ground has been massive and the economic consequences of the war and the sanctions imposed on russia, are spreading around the world. nowhere is it as stark as the oil and gas industry. vladimir putin s invasion of ukraine is causing energy prices to skyrocket around the worl