Some of these names, court, have had a crazy morning already. Thats exactly right and its only going to get crazier. Next week is black friday, so walmart shares higher, almost 9 after another quarter of what the company is calling broad based strength so profit and revenue beating estimates. The retailer also raising its full year guidance to a range above the current consensus. U. S. Comp store sales up 2. 7 . Thats the best number in eight years. 13 straight quarters of growth there. Now, theres an estimated 30 to 50 basis point hurricane benefit with that stock up on replenishment or purchases after the hurricane, but even without it youd be looking at a 2. 2 to 2. 4 comp and that would still be the strongest in years. So walmarts u. S. Ecommerce sales contributed 80 basis points to the total comp pretty typical net u. S. Online sales grew 50 from last year that growth rate is down slightly from the growth rates of the last two quarters as anniversary of that jet acquisition that h
First time ever, joining the nasdaq and russell all making fresh highs today. Even safety trades like gold and bonds were up. Theres no end to the rally in sight. And the end of the year is just a few weeks away it just keeps climbing, guy. Yes, and i dont think weve wavered a lot on this one. There are a lot of reasons to be embarrassed. There are probably another 30 reasons we could mention it doesnt matter. Thanksgiving is a few days away, well be in Holiday Season people will play catchup. The russell made an alltime high to me thats the best indicator. We can argue about whether tax reform will get done, but somethings going to get done. Ive said it a thousand times, the market doesnt give you a long time to sell the highs. Weve been here seemingly for months in my world, it means we continue to grind higher despite the other noise out there. The bond market is key also where else are you going to go if youre going to invest dollars . If youre in a mutual fund and youre getting th
Now is iphone sales plateau, questions remain about where that big innovation at apple is going to come from. We sat down at the annual Development Conference as he stakes out New Territory for the companys future from tv to cars and apples ares category in years Smart Speaker called home , a pod, a direct challenge to amazon and google. On this edition of bloomberg studio 1. 0, apple ceo tim cook. Tim, thank you for joining us. It is really a pleasure to be here. Tim it is great to see you again, and unbelievable to be here obviously. Emily lets start with the new Smart Speaker. Why should people buy homepod over amazon echo or google home at this price . Tim what we tried to do is we built something that is a breakthrough speaker first. And so, music is deep in our dna. Dating back to itunes and ipod. And so, we wanted something that number one sounded unbelievable. Of course, it does a lot of other things, right . And all those are important as well, but we wanted a high quality aud
To come from. Cook as he with stakes out New Territory for the companys future, from t. V. To first newpples product category in years, a Smart Speaker called homepod. A direct challenge to amazon and google. On this edition of Bloomberg Apple c. E. O. Tim cook. Tim, thank you so much for joining us. Its really a pleasure to be here. Again. T to see you unbelievable to be here obviously. Newets start with the smart smeerk. Smeerk Smart Speaker. Should people buy it, over amazon echo or google home, at price . Weve tried to build something that is a breakthrough speaker first. D. N. A. , deep in our dating back from itunes and ipods, so we wanted something one, sounded unbelievable. Of of course it does a lot other things, right . And all those are important as well. Reallywanted a highquality audio experience as well. You are very focused on how this could reinvent music in the home. What about these other things . Phone be able to make a call, call a car, order groceries . Theres a lo
We sat down at the annual Developers Conference as he stakes out New Territory for the companys future from tv to cars and apples ares category in years, a Smart Speaker called home pod, a direct challenge to amazon and google. On this edition of bloomberg studio 1. 0, apple ceo tim cook. Tim, thank you for joining us. It is really a pleasure to be here. Tim it is great to see you again, and unbelievable to be here obviously. Emily lets start with the new Smart Speaker. Why should people buy homepod over amazon echo or google home at this price . Tim what we tried to do is we build something that is a breakthrough speaker first. And so, music is deep in our dna, dating back to itunes and ipod. And so, we wanted something that number one sounded unbelievable. Of course, it does a lot of other things, right . And all those are important as well, but we wanted a high quality audio experience as well. Emily you are very focused on how this could reinvent music in the home. Tim yeah. Emily