Reports of a technical glitch. Well have details on that story. Later former nissan head carlos ghosn breaking hiscy loens and boy did he ever in an animated press conference that went on and on and on and did it after a James Bondlike escape from japan. What did he say and what he didnt say power lunch starts right now and welcome to power lunch im contessa brewer. Right now stores surge dow up nearly 200 points as you can see up more than half a percent. S p and nasdaq also in the green and nochg ntching some new reco. We got google, mastercard, lowes up more than 2 tyler . Contessa, iran launching a missile attack overnight in retaliation for the killing of Major General Qassem Soleimani it targeted two air bases in iraq that house u. S. Troops among other individuals. No reported u. S. Casualties. Iranian foreign minister tweeting they do not seek escalation or war, President Trump echoing that sentiment earlier. Lets go to eamon javers for the details. The president says that iran
It always leads us to our road map. It starts not with the stock market but with the big Company Named walmart and its shares, which are set to open at a new all time high. The retailer delivers an earnings beat, also forecast what is quote a good Holiday Season plus, Global Technology spanning slowdown concerns, cisco shares, they are sink ahead of the bell as we told you. Rain or shine, we always like that he will be with us for an interview and Elizabeth Warren on attack. The president ial hopeful dropping a fierce new campaign ad today shes targeting a handful of outspoken billionaires who have criticized her publicly. Many of them right here on our air. Lets get to shares of walmart they are on track as i said to open at a few all time high, quarterly earnings, Comparable Store sales up for a 21st consecutive quarter and ecommerce sales, get this, 41 in the u. S. Was what they were up that was helped by growth on what they said was Online Grocery. Walmart also raises its full year
Again for privacy concerns rolling around this project. Of the block founder of london joins us to dig into the details of what could spell doom for the Digital Currency lets get to it. China is still closed for the last day of golden week but later on this week Vice President premier league is expected to meet the u. S. For its 13th round of trade to go she actions in washington bloomberg has reported that china has significantly narrow the scope of issues that theyre willing to discuss and that china will not commit to reform a industrial policies or government subsidies to of trumps main complaints but has china really narrow the scope no this is the exact same stance that china has maintained since the beginning trade and policy have always been 2 separate issues that must be treated as such in fact back in may she had reported that restrictions on state owned enterprises go beyond the scope of trade negotiations and touches on try. As fundamental Economic System there has been no
Move is the 1st of its kind since its 2008 financial crisis and the scary part is the fed still doesnt know what caused the spike so lets take a step back and really understand what the repo market is its essentially a short term borrowing market where banks and institutions lend to one another banks exchanging billions of dollars every day and overnight lending in order to maintain their reserve ratios now this borrowing isnt free you have to put up collateral usually in the form of treasuries or other tear one securities so under normal circumstances the repo market runs smoothly the rate is steady around 2 percent and the entire system is dependent on trust trust that the borrower can pay you back plus interest its a great way for commercial banks to make money now what happened here was when the rates suddenly spite we dont actually know what happened yet because we havent seen a spike like that since 2008 and in 2008 when the rate suddenly shot up indicating that there was a risk
De dedra bosa, what did we miss they looked particularly ugly next to lyfts yesterday its quarterly loss was its biggest ever, now a large part of that was cost related to its ipo. But ubers also facing ridesharing competition in markets abroad like latin america and india. Competition is even stiffer in food delivery. We saw that play out in this earnings its either business, ceo telling us that it is likely they will keep losing money here for years as, quote, theres a lot of capital chasing a lot of growth. As for the question of overall profitability, this is what really matters most to the street, while lyft was pretty direct on their path last night, saying that last year was, in fact, peak losses for them, ubers ces on was less clear telling us, quote, we think that 2019 will be our peak investment year, and we think that 2020, 2021, youll see losses come down i think our break even is something that we can push the company to break even if we really wanted to frankly, he added,