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10 year. Lets get your earnings. Walmart coming out with earnings, secondquarter adjusted eps coming at 1. 08 above the estimate of 1. 07. Walmart seeing years adjusted 4. 40 to 4. 30. Nothing that stands out in terms of missing or beating estimates. In theown by about 1. 23 premarket. On the year, what a performance so far this year. Jonathan they have really come back david they have really come back. Jonathan up 17. 4 . David time now for the morning brief. We will be getting weekly u. S. Jobless claims and the Philadelphia Feds business outlook. Bill ackman will prevent his adp thesis, addressing questions from investors and analysts as he makes the case for improving the companys performance. We get u. S. Industrial production data for july and we hear from Robert Kaplan speaking time. As at 1 00 eastern all through the day, we are all going to be focused on washington ....
A triple digit decline on wall street. More on that in a moment. We begin with a big defeat for the white house, the key bill to push expanded trade negotiating authority has been rejected by the house and his own party. A lastminute trip to capitol hill was not enough. In the end, the vote was an astonishing 302126 on a portion of the legislation that helps workers lose their jobs because of imports. That leaves the president s fasttrack authority in limbo, which would give the administrati the ability to wrap up negotiations on the transpacific partner a massive free trade deal affecting 40 of the Global Economy. John harwood tells us what happened today and whats next. This was a very big defeat for president obama and Republican Leaders in the house and senate. They needed this package to go through as a whole in order to advance the president s trade agenda and clear ....