They were a little lighter than estimates, but still up by about 1. 6 . This is on the heels of Dollar General, that really crushed it. Heres a negative. They might see earnings on the higher end for the full year. They do not see revenue on the higher end for the full year. They see 43. 6 billion. They had seen 43. 9 billion. That could be a marginal weakness. David stock is up in the premarket a little less than 1 . You mentioned Dollar General, which has a strong showing. Alix blew outcome a really. Raised their guidance, they see fullyear sales forecasts rising. They did point out there are a large number of sales in their lower margin products, so margins will be an interesting story for them, but i think it always is for the Dollar Stores. David absolutely. The beat on earningspershare for the Second Quarter, and comp sales were up 4 . You can see they are up about 6. 5 in the premarket. Alix this will add some early optimism in the markets. S p futures up by a solid 1 , over 290
Worries about growth and demand are outweighing the lift from opecs cuts. Samsung reports earnings that seem sluggish domestic data and export curbs from japan. Shery happy fourth of july. U. S. Equity and bond markets closed on this Independence Day holiday. Lets see how things are shaping up for asian markets. Sophie while our american friends are enjoying their july 4, futures are heading higher ahead of the jobs report due friday, with s p futures topping 3000 early. Ian stocks set for him a mixed end. In australia, we will be gauging reaction to the government devoting income tax relief to the slowing economy. Shery thanks very paul thanks very much. Selina wang. Ina Boris Johnson told the conservative Party Campaign meeting that the split from brussels is key to keeping the u. K. Together. He said he would prioritize u. K. Warnedver the e. U. , but that failure to deliver brexit could split the nation apart. Tory members would choose brexit even if it meant breaking up the united
Annabelle we are counting down to the major market opens. Shery the top stories is our. Investors get back raise the budget deficit as it changes growth targets. Fourth consecutive decline in orderly revenue amid weak demand. We start you off with breaking news. We are getting the goods trade surplus widening. The account surplus widened to 4. 81 billion. We are expecting some gains. Customs data remained wide. The trade surplus widening. Annabelle numbers that could be quite supportive. Essentially we have preliminary earnings to see the fourth straight revenue drop. Yesterday a session is just getting going. Reasons for that are the pull back. Lower yields builds into a softer dollar. We see that big bounce in the Golden Dragon index. Shery we sell u. S. Stocks and bonds graining ground. The s p 500 with a technical rebound. We are not seeing much change in the early. Were watching treasury futures at the moment, treasuries rising. Continue to watch those numbers that will come out o
Wrapping up april with a month of losses potentially on the screen. Down more than 2 on the s p for april. The small caps have been absolutely hammered the end of march, the rotation is coming, a big downdraft for the small caps so far this month, snapping five straight months of gains for equities on the s p 500. Bramo, april has been a bumpy ride. Lisa partly because that is the sound of the narrative breaking or maybe the narrative shifting. He basically said higher inflation is fine for stocks and earnings. If yields stay here it will be ok, everything is fine. Yields are high for the right reasons. Are they . That is the angst you are feeling. Jonathan the bond market, breaking up the 10 year. The twoyear, high by 35 basis points. The 10 year up by more than 40. I remember a few conversations we had this month. Just a few. Steve said that this Federal Reserve wants to count Interest Rates. He said that this data is not cooperating. The data this month has not cooperated. Annmarie
With aaron and World Business report. Never mind those Exploding Phones samsungs on track for its best profit in years and pledges to put the Galaxy Note 7 debacle behind it. Plus, technology, trade and trump. The boss of sony tells us why goods and information must keep flowing freely. Welcome to World Business report. Im aaron heslehurst. Also coming up, mr trump locks horns with toyota over plans to build a new car plant in mexico. But first we start with samsung. In the last few hours South Korean Tech Giant has said its on track for the best quarterly profits in more than three years. Its a major boost for the company after the exploding Smartphone Scandal that put a serious dent in its reputation. Lets give you the numbers. In the three months to the end of december, samsung is forecasting profits of 7. 8 billion. Thats up by half on the same period last year, much better than expected and the best quarter since mid 2013. That might come as a surprise as we know samsung was force