Number for the company. Quarterly sales were down 43 year on year. The stock is pretty much flat, though. The bad news now, just how bad would let actually be . Sales roseommerce about 74 . They still need people to come into the store to really make a lot of money. Their comp sales were up by over 10 , if you backout fuel. Clearly a lot of stocking up. Clearly good for walmart. Kohls suspended its Share Buyback program. That stock now off by about 1 in the premarket. Overall, no doubt we are obviously going to take a bit of a pause as we digest earnings and that monster rally. The question is whether the new was that or a bear market rally. Is that really being reflected in equities . We need the Economic Data to really match. Lets get to the news from overseas, as well as here in the u. S. We want to start with the walmart numbers and look ahead to fit your jay powell. Michael mckee has more. Just in case we werent sure that people were hoarding toilet paper, we get walmart. Michael
It is up 25 , but still well below 15 a barrel on a supply glut in the u. S. And around the world. And as Congress Passes that 480 billion relief package to keep the Paycheck Protection Program running, td bank has promised some 26,000 Small Business loans. The ceo is going to join us in a few moments and tell us how he did it kelly, over to you all right, tyler, thanks. Todays rebound is led by tech stocks again they were under pressure yesterday. Lets get to bob pisani for more on the rally bob . And like i said, the last hour, threetoone advancingtodeclining stocks, thats a nice move up. But this is really in a sense tech and even mega cap rally the five biggest stocks on the s p 500, huge gains here facebook is up 7 . Google is up 4 . Microsoft, apple, amazon look at these moves up the other bigger five, berkshire, walmart, only one, Procter Gamble were down when you get nine of the top ten moving up, the s p is going to move, even if the other ones dont do much at all this is a me
Of its own way today. In the treasury space, weve got that relatively positive gdp data. Some of that other positive data with regards to consumer spending, as well as housing. That is leading to the shift you are seeing in treasury yields. Yields moving up higher. The tlt moving lower. The bloomberg dollar spot index also moving on the back of some of that strong data. We are seeing oil move a little lower after inventory numbers surprised a lot of folks, catching them off guard. Most of the activity we are seeing in the market a little bit subdued. Obviously the day before thanksgiving here in the u. S. And the day after thanksgiving one of the lower volume days of the year, so keep that in mind as you try to interpret some of the price action we are seeing today. Guy absolutely. We are already coming into the lowvolume period in the runup towards christmas. Thanksgiving of your sleep tomorrow. Here in europe, we will be up and running tomorrow. Up by 0. 3 . The euro softening. We ar
Expedia up 6. 3 , after the ceo ceo both out at the company which signifies potentially a shift in strategy. Not even a month from the last earnings which caused the stock to drop 20 that day. Salesforce. Com ceo both out at t performers right now, down 2. 5 . Guy, what is happening in europe . Guy stoxx 600 up by a percent. The pound trading 1. 31 on the cable rate. A 2. 5year high. Brent crude up by 3. 5 . Vonnie lets get back to trade, the one story that markets are moving on. The u. S. And china moving closer to the amount of tariffs that would be rolled back in phase one of the deal. Meanwhile, President Trump saying the talks are going well. We have made progress but we will make a lot of progress. We just want fairness. We have to have fairness in trade, not only with the eu, but many other countries. Talking to china, those discussions have been going well. Will see what happens. Vonnie we are joined by ash alankar from denver this morning. If there is a phase one to the deal,
Opposite from yesterday. Julie down but not by much. The doubt closed at a record the dow closed at a record but financials the biggest drive. If you look at some of the individual banks, you will see some declines and the 10 year yield we have been watching, as well. It is lower for the six straight session, the longest we have seen going back to february 2016. The decline in yields is pressuring the big bang and financials more broadly. Big bank and financials more broadly. We have a look at the ones we see in the session, inc. Of america, jpmorgan, and even though we had the 10 year yield down by one basis points, it is because the trend is downward we see that pressure on the banks. The talk continues to positive and negative for individual stocks. Time warner is lower after the at t cfo spoke at a wells fargo Conference Today and said that warner isse of time uncertain as talks with u. S. Regulators continue. Time warner is down 3 . Colgatepalmolive is rising on the speculation th