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
The biotech index is the new vix. Though today the vix is the new vix as well. Oh, how quickly things unravel. The nasdaq is down more than 7 from its high of just a month ago. The russell 2,000 is as well. The Dow Jones Industrial average by comparison is only after 2. 5 from its 2014 high. Thats only a reflection of how poorly it had done relative to the nasdaq until the last week or so. The dow is down 1. 3 . American extress, disney, microsoft, jpmorgan whose earnings are coming down right in front of us here. Some of the real rate sensitive names, rate sensitive parts of this market as that tenyear continues a jawdropping drop db pardon the repetition there is one thing thats getting peoples attention. You can look at some of the big insurers, metlives, and see the pain there. People are jumping out of those higher rate moves. What do people do when they feel pain . They eat and they shop. Mcdonalds is the best performer in the dow. It is actually in the green today. Theyre eating
Apartment in monaco will run you around 28 million or 12,000 per square foot. Plus, you get a great view for looking down on your yacht in the harbor. Ranking second was hong kong and then london at around 4,000 per square foot. Heres a sweet little old man shown in londons may already favor neighborhood, the price around 26 million, but price isnt the only measure of popularity. The super rich were asked to rank the world cities by economic power and influence, and other measures, new york took the top spot followed by london. New york is relatively cheap at only 2,000 per square foot. You can see the full rankings and numbers on cnbc. Com inside wealth. No surprises there, right . No real surprises. Expecting sort of a wild card. The surprise though is 6,000 per square foot. Thats huge. No tax right . No tax, right. Thank you so much for joining us, robert. And thank you for watching, everybody. Closing bell is coming up next. See you same time tomorrow for street signs. Hi, everybod
ConocoPhillips and Marathon Oil announced a $22.5 billion merger, enhancing ConocoPhillips U.S. shale assets, providing earnings, cash flow, and shareholder distribution benefits.