Getting worse. Wayfair shares are sinking concerns about the Online Furniture companys margins and its plans to increase ad spending weighing on the stock, down a little more than 5 off those record highs that it hit earlier. Not to mention potential competition from amazon. Well talk about all of this with the ceo in an exclusive interview coming up this hour. Who, by the way, does not consider himself in competition with amazon. He feels like their niche furniture cannot be replicated. So far neither do investors this has been one of the hottest stocks in the Retail Sector this year. Momentum stock. The question is what does amazon have planned . Dow component disney reports earnings well tell you what to expect and, yes, a first on cnbc interview with ceo bob iger and, of course, everybody is wringing their hands, of course, over espn lets bring you up to date on the markets here the dow down nine points we all know the dow has been up 10 consecutive days. Nine of those have been a
Later, is there a big target on big tech . Google is the latest tech company to get caught up in a political firestorm. Jim vandehei says the drama is just Getting Started first, we start out with the big story. Disney announcing it will pull all of its movies from netflix to start its own streaming service. The news taking down both those stocks julia borstein is at disney headquarters julia. Well, that is just part of the story. Bob eooiger announcing what he called a strategic shift announcing another 42 stake in bam tech he announced theyre going to launch a new espnbranded Live Streaming Subscription Service that will launch early next year saying it will have 10,000 live sporting events. This move capitalizes on a few trends that weve seen the sports side, first of all, live sports continue to be very, very popular 94 out of the top 100 tv shows in 2016 in the United States were sporting events for instance secondly, the espn brand is still very strong. And, third, we have seen a
Threatening,ery beyond a normal statement. Senator john mccain cautioned on the importance of a president talking about things they werent willing to do. I take exception to the comments because you have to be able to do what you say youre going to do. I dont know what he is saying up i have long ago given trying to interpret what hes saying. We are joined by kevin cirilli. Reporting from hong kong is our colleague who leads our coverage of east asia. I want to talk about what the president is saying in new jersey yesterday. Do we know whether general kelly said at this in advance . Invented this in advance invented that vetted this in advance . Administration who say that with regard to military strategy the president is making good on his campaign prominence in the sense that he is not looking to broadcast or forecast what his military strategy would be and that is why you are seeing him embrace this level of unpredictability. Yous very different to say are going to be unpredictable
That has carried over. Julie that has happened in the wake of north korea comments from President Trump. Lower, and the selling continues into today. It is the worst twoday drop, going back to early july. Nevertheless, we have not seen downward movement of any real substance over the past month or so, so seeing some selling going on today. The selling is also being contributed to by weaker than estimated earnings, which we will get to in a moment. If you look at the size of the moves, we are seeing smaller ones. We have been showing a number of different charts today to illustrate this. Last time there was at least a 1 gain at the close was back in april. Last time we saw at least a 1 decline at the close was in may. It has been a while since we have had big up or down moves, at least by the close. Volatilityk continues, and we are seeing big declines on the earnings front. Priceline down the most in the s p 500, off by 8 after the Online Travel giant came out with a forecast for the t
That has carried over. Julie that has happened in the wake of north korea comments from President Trump. Lower, and the selling continues into today. It is the worst twoday drop, going back to early july. Nevertheless, we have not seen downward movement of any real substance over the past month or so, so seeing some selling going on today. The selling is also being contributed to by weaker than estimated earnings, which we will get to in a moment. If you look at the size of the moves, we are seeing smaller ones. We have been showing a number of different charts today to illustrate this. Last time there was at least a 1 gain at the close was back in april. Last time we saw at least a 1 decline at the close was in may. It has been a while since we have had big up or down moves, at least by the close. Volatilityk continues, and we are seeing big declines on the earnings front. Priceline down the most in the s p 500, off by 8 after the Online Travel giant came out with a forecast for the t