Google, amazon, intel, and many others after the bell. Coming up in just a few moments, well talk about todays pullback much more with Hayman Capital Management founder kyle bass will be good to get his thoughts especially on china. Joining us for the hour, cnbc contributor stephanie link is back from nubene are you taking a chance from this pullback to do anything today . Its an earnings bonanza. Im still way behind in the Conference Calls that started last night but yeah, during earnings season, you always get exaggerated moves. So i actually am looking at the fundamentals and trying to identify where there is opportunity. Zille yix this morning was indicated down 6 last night and only opened up down three, but i still think that is an opportunity because they derisked the numbers bristolmyers opened flat, but actually that quarter was really good, bought a little bit of that so im lacking for opportunities slowly, because the macro, obviously, weve got a lot of questions still. So,
Higher after several days of declines and following the string of declines we have seen around the world. Also strong because of technology earnings. Take a look at whats going on. Walmart is up 7 . Comparable sales of 2. 7 . The strongest it has seen in eight years. Its having its best single session in a year and half and trading at a record high. Cisco shares are also rising expressedcompany optimism that its transition to more Software Services is going well. Its Current Quarter will have twofirst sales gain in years. Thats helping propel those shares higher. Weve got walmart again. Rockwell automation. Rockwell shares have been rising. Also taking a look at paypal and synchrony financial. It is buying a Loan Portfolio of 6. 8 billion dollars from paypal. Its also getting an exclusive contract for paypal Consumer Lending and paypal is also at a new high today. Mark getting some breaking news on siemens planning to cut jobs. It is closing at least two sites. Europes biggest Engineer
Will the free democrats be able to and green party for my deal with that . Democrats this is bloomberg surveillance. Im mark martin in london. Equities, seven days of decline before today. Sinceosing streaks november last year. The streak has ended one hour into the thursday session. Stocks are up hundred, buying 4 10 of 1 . Sterling lower, the dollar falling for its first day in three. Retail sales data across the bloomberg terminal terminal, down roughly. We will bring it to life. Nflation tuesday german 10 year yield up today. 39 basis points, rising for the first day in three. 48 basis points before the ecb. In october, 26. That puts it in perspective. Its come down since then. Oil is up, 55. 35. U. S. Rose,in the extending its record run. But get bloomberg first new first word is with sebastian selleck. Sebastian ron johnson has become the first republican to oppose the gop tax plan in the senate. He says it doesnt do enough for a lot of businesses. That came as house leaders clea
Lets see how things did overnight in asia. Asia was leading the declines yesterday. This time a little different story. Nikkei closed up by 1. 5 hang seng was up by 0. 6 shanghai was flat. In europe, at least at this early trading hour, there are green arrows across the board. Barely hanging on for the ftse the dax and cac each up by better than 0. 6 looking at crude oil prices, at least right now, crude oil looks like its down 7 cents 55. 26. Couple big stories were watching, mattel has rejected a takeover approach from rival hasbro reuters reporting that mattel believes the offer undervalues the company and doesnt take into account the potential for regulators to rejected the deal on antitrust grounds reports saying mattels new ceo who took over in february may be trying to drive a harder bargain in talks with hasbro the company cut its fullyear revenue outlook. You are looking at both of those stocks now time inc is reportedly restarting talks to sell itself to publisher and broadca
Recount in that fight for a p g board seat and cisco shares up 6 premarket on an earningsdriven recovery walmart, though, is up sharply in the premarket the dow component reporting better than expected earnings, revenue, and comps, which were the best in eight years. Online sales up 50 . Walmart issued some upbeat guidance for the full year jim, you just said to joe, that Doug Mcmillen may have reinvented this company for real hes done a great job in bringing in mark rory of jersey fame hes done a lot of tech stuff for jet. Com. Smart. I think this was the quarter where you realize, were playing for keeps. We can actually make a lot of money, cutting prices, bringing people in, well, whos that . Thats amazon. So we found our toetotoe now the stock was down yesterday, down about a buck and a half, off of target. That turned out to be a mistake. This company is taking share by the way, online 50 is rather remarkable this is a reinvention. And i think that people have to recognize, when w