Big day for retail. Walmart announcing the best quarter in more than four years. Home depot beating estimates. Kraft drops its 134 billion takeover bid. Irene rosenfeld will join us later. New records. The dow up more than 4 since Inauguration Day. How long can the trump rally last . First up, walmart reporting a better than expected quarterly profit. Revenue just shy of consensus. Online sales up 29. Home depot beat its Quarterly Results. Boost the dividend. Macys posting a revenue miss earlier on squawk today. The ceo addressed speculation the company is up for sale. First of all, youve heard it talked about, rumors of the Company Buying us. Yes. Youve also probably heard the rumors that were buying them. Yeah. So what i can tell you is this, that were going to do the right thing for our shareholders and were not going to be a highly leveraged retailer. Those movies never turn out well, and weve seen that before. A lot to chew on here. A lot of discussion as far as macys goes as far
Below 50. The future of the uk hangs in the balance. We go live to london on the vote that could rock the markets. A new ruling keeps the status quo at least as it relates to viacoms board of directors. And twillio priced above the range. Well bring you the opening trades, plus talk to the ceo. First up, britains future is in the hands to the voters. A new poll shows 52 remain, which is a change from a few days ago, definitely from a few weeks ago. A new poll says theyre going to stay and its going to be a nonevent. Everything is being bid up but the financials are not being bid up as much as the others. Even if we do get a stay, that Financial Group remains under a lot of pressure. I think thats when the smoke clears, were going to see that the Financial Group over there still not strong. That will be the focus. Well go back to earnings. The word asymmetric being tossed around a lot today, jim, because of the way we priced in this remain vote over the past few days. Would a leave vote
the missing airline s communications were deliberately disabled and it veered off of course by the actions of someone on board. these movements are consistent with deliberate action by someone on the plane. in view of this latest development, the malaysian authorities have refocused their investigation into the crew and passengers on board. despite media reports that the plane was hijacked, i wish to be very clear. we are still investigating all possibilities as to what caused mh 370 to deviate from its original flight path. the prime minister also says that investigators also believe the airliner knew for more than 7 hours after turning back from its flight path. the plane headed west. investigators are trying to trace the plane across two possible new flight routes, a northern accorder and a southern corridor which heads out over the indian ocean. there are reports that the jet experienced sharp changes in altitude after it lost contact with air traffic control, first u
this is piers morgan tonight. today president obama billed a 3 trillionplan to cut the deficit. reduce spending in iraq and afghanistan and higher taxes on the wealthiest american. republican leaders promptly dismissed it calling the plan class warfare. does the president s plan have a chance? joining me is gene sperling director of the national economic council. thank you for joining me. the president announced today he ll go after the rich. the republicans say that is a form of class warfare. the president says it s math. but the reality is it is class warfare. the rich are a class and he s going after them. it s the opposite. the president is asking for balance, for shared sacrifice. he s asking for everybody to contribute and getting our long-term deficit down. he wants a plan that will be strong and powerful. the american jobs act. but we come to fiscal discipline, we all have to be in this together. when the president put out as a principle that those who make over
of michigan how to get people back to work. and a prime minister speaks out about the terror attacks that shocked the world. this is piers morgan tonight. today president obama billed a 3 trillionplan to cut the deficit. reduce spending in iraq and afghanistan and higher taxes on the wealthiest american. republican leaders promptly dismissed it calling the plan class warfare. does the president s plan have a chance? joining me is gene sperling director of the national economic council. thank you for joining me. the president announced today he ll go after the rich. the republicans say that is a form of class warfare. the president says it s math. but the reality is it is class warfare. the rich are a class and he s going after them. it s the opposite. the president is asking for balance, for shared sacrifice. he s asking for everybody to contribute and getting our long-term deficit down. he wants a plan that will be strong and powerful. the american jobs act. but we come