Hasnt gapped down on earnings more than 5 in 17 years so by that narrow lane, its pretty significant selloff absolutely. Its down about 10 right now. So that really speaks to just how much investors dont like this report today. Its interesting though i mean, compared to amazon which can kind of turn off earnings whenever they want just as long as it shows up on the growth side, you got to wonder are they just sort of caught in the middle here where maybe theyre not investing quite enough to drive that online revenue but they still feel like they need to preserve the profit and maybe they need to pick a side caught between the cost of all the investments and its getting more to transport goods around the country so all those combining that is the margin story on walmart today. Absolutely. And labor costs, of course, have been going up. And some of that has been by their own measure, the fact theyre looking to increase wages. But its also, i mean, i think its also kind of interesting giv
He knows how to build hype. Commodity crush. Gold futures hitting their lowest levels since april 2010. Live at the nymex on what is driving this precious metal lower. Its the stronger dollar of course. Google on a tear. Have you seen this yet between the two classes of stock, nearly 20 million shares changed hands today. Growth in Youtube Business is top of mind after last nights earnings report. Weve got the cofounder of a Media Company that specializes in youtube talent. We had to brush up on our youtube talent to prepare. You should see the amount of money these people are making as talent on youtube. And the amount of clicks they get. The new york fed says the strong dollar could lead to a hit for gdp. Jan hatzius gives us his take on that the economy and latest forecast for the fed. Lets start with tesla and elon musk with his latest announcement. Phil lebeau has the ludicrous details for us. I know you want to go in the ludicrous mode when you get a chance to. These are all prod
That is holding a News Conference in the state capital, austin, as texas battles floods affecting thousands of people. Fortunately, the death toll has not been extensive, that thousands of people have been made homeless and are in shelters the cause of record amounts of rainfall left by harvey. Meantime, the fema administrator is making it clear that the storm devastation stretches beyond houston. He gave an update today on the situation on the ground after harvey made a second landfall. , the effort oned houston. We have to understand there are multiple counties, over 50 counties impacted right now. We are continuing to watch the situation developed. Citizens in louisiana are not in the clear. Administrator long also says the ongoing operation is still in life saving mode. He is encouraging people to find ways to volunteer. Louisiana residents may catch a break. Weather forecasters say they expect less rain and wind from Tropical Storm harvey. Projecting 13 inches of rain across most
Now its time for World Business report. Hit by the eu profits fall at googles Parent Company alphabet, after a huge fine levvied by the european union. And bitcoin whats it for . Well, now you can use the cryptocurrency to pay for art. All will be explained. Welcome to World Business report. Im rachel horne. In a minute sharanjit will tell us how sk hynix increased its profits by more than 500 . Three of the worlds most valuable Internet Firms release their latest numbers this week. The biggest by far is googles alphabet, which has just reported a 21 jump in revenues. That was better than expected but there was less cheer on the when it came to earnings. Net profit fell 27. 7 to 3. 5 billion. Hitting the bottom line was a 2. 7 billion fine issued by the European Commission injune. It ruled the firm abused its power by promoting its own shopping Comparison Service in its search results. Google says it may appeal. But, alphabets shareprice fell 3 in after hours trading. But take a look a
Continue to be instructed by him in his occasional oped pieces in the wall street journal and elsewhere which i think have been some of the most pri intelligent things that have been written over the last few years about the fight againstav terrorism. Ith also had the privilege of v traveling to europe last wintere with congressman pompeo and i know how well informed and thoughtful he is on the issues. So im delighted to have them here today andle, be able to moderate this conversation. Kte let me start if i could by going back a few weeks to the debate at simi valley among the republican president ial contenders. And during that debate, there was i thought an interesting governor bush n and donald trump. In which governor bush made the point that his brother, t, president bush 43 kept the nation safe after 9 11 for the remaining 7 1 2 years of his te terms and donald trump rejoined i didnt feel so safe today. I want to unpack those thing as little bit. Judge mukasey, could you talk et