The rest on the market. With the dows decline, the s p falling nearly half a percent. What is done and is done though if you own any stocks, involving these stocks you got clobbered. Although the initial and ridiculous over reaction down from netflix, one of my favorite stocks was rectified after. I want to step back and determine whether the reaction to walmart and the stock market was justified. Something we will do when we sit down with the ceo of walmart later in the show. First, should the earnings news have been a surprise . Obviously shocked in wall street, you dont get a stock that much. I know doug will make a case that he telegraphed the earnings, after he talked about investing in the stores to restore growth to the Fastest Growing store chain in the land. Before he took the chains in the can, the china was trying to lower merchandise pricing for customers. And ended up cutting the bone of good store management. Wall street fell in love with mcmillan, with the stock going to
Down 10 , losing 21 billion in value. One day. And it woes in turn spilled to the rest on the market. With the dows decline, the s p falling nearly half a percent. What is done and is done though if you own any stocks, involving these stocks you got clobbered. Although the initial and ridiculous over reaction down from netflix, one of my favorite stocks was rectified after. I want to step back and determine whether the reaction to walmart and the stock market was justified. Something we will do when we sit down with the ceo of walmart later in the show. First, should the earnings news have been a surprise . Obviously shocked in wall street, you dont get a stock that much. I know doug will make a case that he telegraphed the earnings, after he talked about paying more and more, and over investing in the stores to restore growth to the Fastest Growing store chain in the land. Before he took the chains in the can, the china was trying to lower merchandise pricing for customers. And ended
How long will it last . And the trouble with twitter. The u. S. Central commands twitter account, as you probably know hacked. Its not the first example. At what point does it make no sense for companies to have twitter . Which ones should stay on it . Well talk about that and more, but, first, lets check in with sue at the new york stock exchange. Hi, sioux. Hi tye. Stocks are surging as we kick off the earnings season. The dow up triple digits about 145 points on the trading session. Make that 147. We were up more than 280 points earlier on this morning. A lot of volatility in oil, and thats one of the factors in this market today. Many others as well and bob pasani joins me on the floor of the nyse to give me some details. We were up more than 200 points and once again, chevron and exxon came in and was a drag on the overall markets, but were Still Holding up pretty well, and tech is having a great day, including down stallworths. Cisco having a great day as well. These are big move
Shoes. The Company Earned 89 cents a share, a nickel better than expectations. Revenues were hit by the stronger dollar and came in below wall street estimates at nearly 7. 5 billion but that was an increase from a year ago. Shares initially moved higher after the report. Sara eisen has more on whats working for nike and whats no reporter the takeaway for nike when youre a Global Consumer giant, it helps to have a strong and growing brand to help counter the negative impact of the stronger u. S. Dollar and thats exactly what nike thought. Overall, numbers were solid from apparel to footwear but sales missed the mark because of the stronger u. S. Dollar cutting into nike sales abrord. North americas biggest market but it does do most of its business overseas. Futures orders is what everyone pays attention to with nike numbers. The company is expecting them to grow 2 . Take out the impact of a stronger dollar and that number would have been 11 . Driven by strength in north america, in eu
Shoes. The Company Earned 89 cents a share, a nickel better than expectations. Revenues were hit by the stronger dollar and came in below wall street estimates at nearly 7. 5 billion but that was an increase from a year ago. Shares initially moved higher after the report. Sara eisen has more on whats working for nike and whats no reporter the takeaway for nike when youre a Global Consumer giant, it helps to have a strong and growing brand to help counter the negative impact of the stronger u. S. Dollar and thats exactly what nike thought. Overall, numbers were solid from apparel to footwear but sales missed the mark because of the stronger u. S. Dollar cutting into nike sales abrord. North americas biggest market but it does do most of its business overseas. Futures orders is what everyone pays attention to with nike numbers. The company is expecting them to grow 2 . Take out the impact of a stronger dollar and that number would have been 11 . Driven by strength in north america, in eu