Time now for our top market moving news from our new york team. Joining me Bloomberg Opinion columnist brooke sutherland. What were some of your Key Takeaways . Brooke i think what is interesting is target talks about First Quarter comparable sales being up, but nearly all of that was from digital. Digital comparable sales were 141 in the quarter. Those sales come at a cost. They are more expensive. The natural supply chain dynamics of delivering products to homes rather than having them purchased instore is more expensive for target, so you are seeing that market squeeze. Clothes,rent buying where target gets more of a higher profit margin. They were buying food any essentials. Is this a structural shift . Are people getting so used to ordering online that they will continue to order these items . They did also callout market share gains, which is key. Given Amazon Logistics troubles, are you going to be seeing customers rediscovering target and walmart, some of these longerlasting st
2. 5 growth path. On thatean shares fell news. In the u. S. , futures indicate the stocks will be slightly lower at the open. G20 leaders are planning a multitrillion dollar boost to the Global Economy. It wraps up a summit nfl australia by promising to spend an extent 2 trillion in the next four years. Among the promises, china will speed up construction of 4g mobile networks and the u. K. Will build more affordable housing. Vladimir putin left the g20 summit early. The president of brussels said he needed to catch up on more sleep. Maybe he was titled of being paraded over rebels in ukraine. If he continues to stabilize ukraine, there will be other sanctions, and there will be a completely different relationship between European Countries and america, on the one hand and russia on the other. For now, european governments are holding off on posing more sections on russia, but they made blackness more ukrainians for supporting the rebels. The maker of all talks may be sold for more tha
Tom is italy, the Unemployment Rate dropping more than expected. Imf we have to go to the because it plans to raise Global Economic forecast. Christine lagarde telling reporters yesterday in nairobi, kenya. Chinas gasoline exports may rise 18 this year, according to an Economic Data in the u. S. Employment kicking off three days less claims tomorrow at 3 00 p. M. We have a read on consumer credit. Earnings before the bell constellation brands, monsanto, and after the bell, bed bath and beyond. Lets look at stocks, bomb bonds, commodities. The vi x nicely under 19. Nymex crude distances itself from 100 a barrel. Vix under 13. Winter wheat we did an interview yesterday, winter wheat, the snow protects it. Maybe 20 of the crop is affected. There is brent crude. And the dollar index, a little over 81. That is a big deal. Not like dow 10,000 but it is a big deal. Here is a quick look at the euro. Cristina alesci said flat unemployment. But here is the drop a big through 1. 36. New doubts ab
Resent n siemens may pay 5. 4 million in cash. In addition to that you have the Japanese Companies, mitsubishi and hit touchy creating a joint venture. The Japanese Companies could take Minority Stake in the joint venture and french government could take a stake as well. The second phase to that bit after the energy deal, siemens could combine the business with oust him. With alstom. Alstom says this deal is too complex and they were not to separate the gas and steam turbines. One concern is about the jobs, protecting french jobs. Latest, siemens and mitsubishi would match gms guaranteed to create 1000 jobs in the next two years. What is your take on this deal and how compares to ges bit . Ge is more straightforward. Specific asset. It leaves them with a lot of cash to build out the real business. This one is a lot more complicated. You have four different parties. And there is an assumption the french government would take a stake or be involved and inject some money. Are you going to
Ignitionrelated. You hit aied that if pothole, fairly common, or your knee bombs the key knee bumps the knee, it could switch your car off. Andering the power brakes power steering useless. It is a different switch but the same engineer designed it. That is why they have recelle 3. 16called these million vehicles, a total of recalls to more than 20 million so far this year today. That is more than two years of gm sales, and more than all of the u. S. Auto sales. We are hoping for about 16. 1 million sales for every company in this country this year. It is something gm has to get out of the way before mary barra testifies. They want to take a kitchen sink approach and make every recall possible. They will try to get him in, fix them. They have not made a dent in the first almost 2. 5 million cars they recall. They will start working before she goes in to get questioned so she can say we are doing as much as we can. Has been facing lawmakers and the press. She has been facing shareholder