Is this a turning point for yields around the world. Well get fed minutes later on today. Road map begins with retail earnings, target and lowes soaring in the premarket on their results bucking the downward trend in retail. One week since the dows 800 point drop were close to recovering the losses well take a look at the wild ride over the last week. And what you can expect next. As the september 1st tariffs aapproach, well take a look at the companies that may be in your portfolio with the most exposure first up, target set to open at all time high, lowes surging on the better than expected quarterly earnings, revenues and comps. Digital sales drove more than half of the growth in q2 comps lowes reporting positive comps in all of their geographic regions in the United States and outpacing depot for the second consecutive quarter. We got to focus on execution. And risk taking. Both Marvin Ellison at lowes and Brian Cornell at target took big risks. Some people say they blew up the way
All coming after the markets are coming off a very strong month of june. For the dow, it was the best june performance in over 80 years. You have to go back to 1938 for the month. The dow was up by 7. 2 s p was up by 6. 9 for the month that is its best performance since 1955 and the nasdaq was up by 6. 9 and thats its best performance since the year 2000. Taking a look at what happened overnight in asia, hong kong was closed for a Public Holiday but those markets that were open also up very sharply on again, this idea that trade talks are back on. The nikkei was up by 2. 1 . Shanghai composite up by 2. 25 europe this morning where early trading is taking place, youre going to see green arrows across the board there as well. Biggest gainer looks like the dx ax up by 1. 25 finally check out u. S. Treasury yields on friday we actually fell below 2 for the tenyear briefly. I think we closed right at 2. 0 . Ten year is yielding 2. 01 . Getting to all the weekend news President Trump returni
In terms of gains. Can tech keep up its recent hot streak joining us now to discuss is jeffries Senior Analyst brent thil and tom forte gentlemen, good morning to you both tom, ill start with you the fact that were seeing names like apple, the semis rally on this u. S. china trade truce over the weekend and what it means for some of these companies to be selling into china, how should investors be thinking about that sure, i would say the truce is nice, but we would like to see is an actual resolution. So one point in time, resolution looked like china agreeing to buy billions of dollars of Agricultural Products from the u. S. So, again, the truce is nice, but we would like to see an actual outcome, and something were monitoring closely, because we would argue it had the biggest impact on tech stocks in the first half of this year brent, what it means for alphabet, as well. I mean, i know they had put a hold earlier when huawei got added to the intent tis list here in the u. S. Is ther
Statewide all points bulletin about madysons disappearance. An indication the search extend far beyond the bay area. We do not expect any updates from Santa Cruz Police until 10 00 tomorrow morning. Thats unless the searchers this evening make an important discovery. We are live in santa cruz david louis, abc 7 news. David thank you. If youve like to help spread the word about maddy we have a picture of her on your Facebook Page that you can share on your timeline. Meantime, the search is intensifying for a San Francisco teacher now midding for six days. 46yearold ed cavanaugh. He was riding his dirt bike with friends when he disappeared july 17th. Family members are worried because cavanaugh has diabetes and does need medication. Get ready for hot and hotter. Abc 7 meteorologist sandy patel is here with the high temperatures we can expect over the next couple of days. Try triple digits over the next couple of days for our hottest spots. Right now here is how warm or hot it has gotten
Im putting you but unfortunately its not really a thumbs up its more of a thumbs down. We have an air quality alert centered in new jersey. Code orange for sensitive groups. Health officials in the garden state want to remind people in sensitive groups, elderly young kids and also people who suffer from various heart and respiratory ailments limit your outdoor exposure between the hours of noon and 6 00. Across the river in Pennsylvania Health officials havent pushed anything like this but its probably still a good day to try and limit that outdoor exposure because there is a little bit of ground level ozone building up in the atmosphere. Theres very little else in the atmosphere in terms of cloud cover. Well get plenty of sunshine, couple popup showers and thunderstorms didnt do too much and theyre gone now. 76 degrees in philadelphia, 70 allentown, 73 wilmington, 71 in trenton and for your early stroll on the boardwalk unlike yesterday when you had showers and thunderstorms around it