Alibaba sliding as growth slows to a three of year low. Macys volatile ahead of the estimates. Well have comments from the ceo who was on squawk box. Thats coming up with us. And getting ahead of cisco ease first report. First up, futures are down following tuesdays sell off off the lows of the morning. China devaluing the yuan. According to reports china intervened in the final minutes of trading. We got to some interesting levels. Fits in with what youve been saying for a long time, jim. These guys know what theyre doing and theyre doing it systematically. They have to. Theyre an export nation. When they came out its interesting what happened. When they came out, it was like it broke up the chatter even at the club. Thats how important this was. People werent necessarily all financial guys. Then monday is nobody is paying attention . They have to cut. I was waiting for germany to be able to fall. They sell bmw, mercedes. This is a big market. I was shocked. And the germans are still
York times article that describes amazon as a bruising place to work. Liberty buying zulily in a deal valued at 2. 4 billion. And tesla is down. First up, the markets are coming off of a volatile week. Oil sliding below 42. Data showing japans economy contracted in the Second Quarter. Another setback for abae. Look consumption down almost a full point quarter on quarter. Is there qe really work . Their stock market loves it. They dont have growth. This is a demographic issue. Japan doesnt have the demographics we have. We have tremendous growth jer us the versus japan and china. Chinas stock market dedoubled from the economy. Our stock market controlled maybe by the fed. Europe controlled by the low rates of interest on bonds. So people are searching for markets that are natural and organic and not on steroids. It occurred to me this morning, theres japan. Theres china, the discussion from last week. Were waiting for the bund and the stock bailout. The world is a tough room if youre ex
Boosts guidance shares higher. Disney, cbs and fox slapped with downgrades at wells fargo and sprint ditches contracts. Youll hear what the ceo had to say about that. Walmart did miss the q 2 results. The retail giant also lowering the fullyear guidance. Home depot raising their full year outlook. Revenues beat consensus with total comps up 4. 2. A year ago up 6. 4. People said today its hard for walmart to argue the consumer is weak when depot is killing it. Home depot is remarkable. They dont put up new stores. The technology, salesforce. Com, the merchandising, the staff, the energy, the low cost, the fast in and out, contractors coming back, the amount of money being spent on a call. The Conference Call will explain the areas theyre doing better. This is a juggernaut. Home depot is probably the best right now in terms of this kind of big box. Walmart. Its not the worse we have. You went down there. I thought the moment was selfafacing about what they have to do. I watched that inte
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,
Around as much as equities. Oil may put in eight straight weekly losses. Weve not done that since the 1980s. Hp out with results. Sales force ceo calls it the best quarter ever. Find out what else he told cramer last night and fedex launching a 4. 8 bid for a buduh rival. You were not supposed to be here today, but you had the day off. But its important enough to see how this goes down, at least in your mind. I think people are trying to revalue equities. I want to help people. Im not so selfimportant, but i think it is an important day, and i think its one of the things where i think a lot of people are just giving up. A lot of other people are saying theres no price to pay for anything. Its not a great time for the market. There are things that are happening. While its not a great time, the dollar is getting weaker. No one talks about that. When commodities come down, then you can see the notes today, vf corp. , thats a winner. Pepsico is a winner. Sales force doing a good number. Hu