Deal as shares boosted by Restructuring Plan. Were going to be speaking to the ceo of carlsberg first on cnbc about the challenges its still facing in russia and china. The bank of england governor tells bankers were ending the age of irresponsibility. This ahead of mario draghi that could signal further easing. Okay we knew it was going to be big and its proven to be the case. A 10 billion day for chinas singles day. You see the heart here. November 11, it was a shopping frenzy soaring past last years record with alibaba raking in a whole lot of dough and they took in half that amount of last years take in just 19 minutes on the day. Eunice filed this report on the antivalentine event. Singles day got off on a solid start and the numbers are impressive. The Chinese Post Office expects 760 million packages to be shipped today. Alibaba alone already exceeded the online sales around the u. S. Thanksgiving day holiday. Black friday as well as cyber monday. Singles day san antivalentines d
First though, we want to go to Courtney Reagan with a news alert. Walmart releasing early Holiday Season of the still very tight lipped on anything black friday related. The goal is to make Holiday Shopping as easy as possible. Mobile will be a big focus. The retailer rolling back thousands of prices for the season. Also adding mobile check in to speed up the pickup in store, adding wish list to the apps. 75 st online traffic will come from mobile this Holiday Season. Up from 70 last year. Now chief myrrh chant says wallmart will not beat on price. They will lower prices if and whether necessary. He also says walmarts instock levels are currently at the best point hes seen all year. Aisles are getting decluttered. The retailer bought deep into what he anticipates will be popular items. He called out technology as well as license star wars minions and paw patrol merchandise. Pictures with santa at manufacture the stores come december. Back to you. Thank you very much, courtney. Now we t
Levels expected to prevail in the longer run. Fed ex beats the street in the Second Quarter with profits rising 4 . Profits falling some 12 in the Second Quarter but its Cloud Business continues to show growth. Meantime russian president Vladimir Putin says a 50 oil price is too optimistic. But that is over for the countrys economy. So we had a 1 gain across the board yesterday. I guess after finally the first rate hike in close to 20 years. This is the day after Dow Jones Industrial up by higher than 2 points. The nasdaq gaining some 18. 5 points. We final have to lift off. The Federal Reserve raised rates. Unanimous decision. The quarter point marks. And the most accommodative policy. The fomc still sees four hikes next year. However the market is only predicting two or three for 2016. Were seeing the median forecast of 1. 375 . They have taken one hike off the table. Lets show you how a different Asset Classes have reacted. Were seeing a broad based rally and thats gaining more stre
Wednesday and thursday, stocks were pretty calm throughout todays session. By the close, the dow lost 11 points to 16,643. The asdaq climbed 15, and the s p 500 added more than a point. For the week, believe it or not, the dow and the s p 500 rose about 1 . The nasdaq gained more than 2. 5 . But with that gain, the nasdaq recovered a nearly 9 plunge from earlier in the week, its biggest intraweek reversal ever. And that is just the tip of the iceberg. When looking back at what a wild week on wall street it really was. There is the opening bell. Guys, the dow is now down 1,000 points. There was real genuine panic selling like i havent seen in years. These are enormous moves. Things that were making my eyes pop out of my head when i was watching here. As of this moment, it is the strongest rally of the year. Were in sort of a very strange uncharted territory right now. Volatile final hour of trading turning this rally into a decline. Trading less chaotic, the dow cratering into the close
Wednesday and thursday, stocks were pretty calm throughout todays session. By the close, the dow lost 11 points to 16,643. The asdaq climbed 15, and the s p 500 added more than a point. For the week, believe it or not, the dow and the s p 500 rose about 1 . The nasdaq gained more than 2. 5 . But with that gain, the nasdaq recovered a nearly 9 plunge from earlier in the week, its biggest intraweek reversal ever. And that is just the tip of the iceberg. When looking back at what a wild week on wall street it really was. There is the opening bell. Guys, the dow is now down 1,000 points. There was real genuine panic selling like i havent seen in years. These are enormous moves. Things that were making my eyes pop out of my head when i was watching here. As of this moment, it is the strongest rally of the year. Were in sort of a very strange uncharted territory right now. Volatile final hour of trading turning this rally into a decline. Trading less chaotic, the dow cratering into the close