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today is a text bookcase where you can t take you cue from the actions. this in spite of fact we got plenty of good earnings news both last night and this morning, especially in retail of all places even the amazing numbers in the stock news from foot locker, ross stores, gap, even from aerocram beand fish. selling overseas farm markets are to a weak dollar, that s something good for the u.s those stocks were amazing. that said, a beat in race quarter always reduce higher rices for the stock in question. for this particular market, kind of approximate prices if people are betting against the stock. when i say almost always, because momentum may not always by the case, take the case of materials. a monster rally going into the quarter, it gave up all its gauge and then some. still, it s another reason why you have to pay attention to the individual earnings support, now more than ever when you see something like a foot locker and ross store up where it s never been mon ....
roadster. and the courting of 21st century fox. more potential buyers for parts of that company emerge the fate of the company and what it means for overall media and shares of cisco having a great week so far. chuck robins joins us on set in a cnbc exclusive. we start this morning with the latest potential bidders for assets of fox that include its studio, its ownership of sky, star, fx, the national geographic channel, regional sports network, i could go on and on ownership of hulu, comcast our parent company the latest company to be in talks with fox as i reported later last night as we reported yesterday at cnbc as well for those assets in what is described by people close to the situation as an all stock deal that would in effect exchange comcast shares for the assets in question giving comcast potentially a much larger international component, certainly what is described as a whole if you want to think of it that way in the company s current construction lar ....
been a good week for the markets. if you re long, the markets are rebounding dramatically from the lows that we saw made up almost 60, 70% of the losses that we saw in the s&p. european markets have also had what you might expect, a good week also. this morning no exception. green across the board ten-year yield note has been a focus. today didn t care down 2.86. there s a look at wti back above back above 60 solidly this morning yeah. all right let s get to our roadmap this morning. it does start with the market comeback two weeks since the selling began, and as we just said, stocks have been seeing what was one of the best weeks in years plus, well, the negotiation kind of continues broadcom s response to the meeting with qualcomm or qualcomm s response to its meeting with broadcom signaling a deal well, is there one to be done? we re going to give you all the analysis on why that s probably not the case and a busy morning for consumer earnings. numbers from n ....
alibaba sliding as growth slows to a three of year low. macy s volatile ahead of the estimates. we ll have comments from the ceo who was on squawk box. that s coming up with us. and getting ahead of cisco ease first report. first up, futures are down following tuesday s sell off off the lows of the morning. china devaluing the yuan. according to reports china intervened in the final minutes of trading. we got to some interesting levels. fits in with what you ve been saying for a long time, jim. these guys know what they re doing and they re doing it systematically. they have to. they re an export nation. when they came out it s interesting what happened. when they came out, it was like it broke up the chatter even at the club. that s how important this was. people weren t necessarily all financial guys. then monday is nobody is paying attention? they have to cut. i was waiting for germany to be able to fall. they sell bmw, mercedes. this is a big market. i was ....
those blasts sent massive fire balls into the night s sky. the initial blast erupted at a warehouse for hazardous materials and triggered other explosions at nearby businesses. those explosions could be felt miles away. the cause at this point not immediately clear. let s take a look at some live pictures this morning from tianjin china. you can still see the smoke cloud billowing. we heard from hyundai. we ll take more of a look at what s happening with china in a bit. about 4,000 imported vehicles were destroyed by that blast. here s the big stories today, china central bank holding a news conference in beijing overnight arguing there s no basis for continued currency depreciation. earlier in the day they set the rate below yesterday s close. we ll have a live report in a moment. athens wants to see a vote before a euro zone identifinanc meeting tomorrow. it argued it lacked clarity on the direction of policies. here in the u.s. a busy day on the data front. we get ....