Cci up one point today. Oil is just above 42. In our road map this morning, target with a beat and a raise while lowes misses. Issuing words of caution, and11s years ago today google went public. First up target posting better than expected numbers. U. S. Comps up 2. 4, driven by items includes apparel. And then theres lowes a Quarterly Earnings miss beating on revenue. Comps up 4. 3 but issuing guidance slightly above consens consensus. 25 straight quarters of underperforming depot. Everyone underperforms depot. That Conference Call yesterday, its like they had this comp average, okay, about what aisles are doing better than others, and there were almost everything. Big ticket stuff and big ticket appliance for lowes. In my many dealings with home depot, were excited about the outdoor. You get spring planting season. Thats historically their christmas. In huge parts of the country, they had bad business. They still blew away the numbers. I have to tell you i feel bad for lowes. Lowes,
Nearly 3,000 coming just in the first 90 minutes. The blue chip index closing down more than 500 points for the second straight day and over the last three sessions the dow and s p are down nearly 9 and the nasdaq is off almost 10 yesterday alone 685 billion is lost among market cap in s p 500 companies. Thats 100 billion more than apples market cap. If they dont tell you enough about the volatility check out the vix. Moving above 50 intraday for the first time. Check out the front pages of some major newspapers around the world today. Youre looking at sort of a full list of whats going on in virtually everybody touches on the market above the fold. Like the bear there on the New York Post . Wild. And the guys a lot of times the photographer is waiting and he may have a scratch here on his eyebrow and looks like hes stressed. I think they pose for them now. They see the photographer coming and theyre like that and just do that look. They want to be in the paper. Come on. Have you notic
Four trading sessions with yesterdays strong gains. Now the major u. S. Averages all turned positive for the week. The nasdaq now positive for the year. Check this out. The dow and nasdaq are now on pace for their best week in a month and a half. Stocks are now out of correction territory sitting less than 10 from record highs from mondays intraday low. The dow is now up 8 . If you had caught it at the bottom this would be a great week for you. The s p has risen nearly 7 . The nasdaq is 12 higher. We should give kudos to our friend that had those dates. He said this was the week. Remember he had the exact dates . You were out. I was probably out. I think i was out. I wasnt here. Assuming this holds up. We dont know. Like yesterday i was checking from time to time and i was in a place that i didnt have wifi. It was that fake out. Up 2. 5 and then all the way down to less than. 5 and then back up. Youre thinking i bought into this and now its going to go down and ends up going up 360. It
Of neutrality, we have bounced back. We have created record numbers of jobs. Two looks unlucky. Three, though . An image of modern britain, in all its diversity, compassion and strength, that was shared around the globe. A painful metaphor for a party struggling to hold it together. However, the fact that it went wrong actually made it a strangely moving Prime Ministers speech. But one that gained theresa may more sympathy and less authority. Has that left her in danger . Well discuss the drama, the farce, and the policy too. Also tonight San Francisco led the world into the hiv epidemic among gay men, and is now leading the world out of it. I think prep is this enormous breakthrough, not only in protecting against hiv, but improving the health and well being of people, because, for the first time, they can have sex without being scared. Well hear about how its success in bringing infections down is coming here. Hello. This was billed as the speech to rescue her premiership, but, in th
Anna a warm welcome to bloomberg daybreak europe. Manus some cracking guests for you. We have j. P. Morgans asia ceo. Opening up in china. Anna we will bring you an interview with the allianz ceo. We will talk about where you want to put your money. Pimco be heart of the story. Some breaking news. This is the hard luxury watchmaker, diamond maker. Period, 974he Million Euros. That is what we have. Sales came in at 5. 61. Couple look at a couple of different stories. They are trying to grab a hold of their grand again. Operating margin, 20. 8 billion. 20. 8 . When it comes to changes, they went through some serious change last year. The abolition of the chief executive officer position plaster, trying to rejuvenate the board. You had the head of watches, he left. He went to breitling. Coo andjerome as emmanuel to be the head of watch this division. This is trying to have a hold of this business, make sure it is fit for purpose going forward. Lets talk about the steel sector. Arcelormitt