Week the s p is tracking for a third week in a row of losses, down 1. 3 nasdaq futures up 73 points. Weve got a lot to talk about on a summer thursday. Our road map starts with earnings walmart posting better than expected results fellow down component cisco gets a lift, beating with its Quarterly Results and talking up a. I. Ceo Chuck Robbins will be joining us here. Plus, investors continuing to digest fed minutes released yesterday. The tenyear note yield hitting a fresh high were going to begin with walmart, raising fullyear forecast the retail giant benefitting from customers seeking bargains. U. S. Comps up by a better than expected 6. 4 and ecommerce jumping 24 led by pickup and delivery theyre clearly taking share because theyre out comping their competitors and the industry theyre crushing it i want to straighten some things out here when you have ecommerce up 24 , when you have advertising, which is just free money, what are the Gross Margins there, 35 , much higher margin. F
Cory im cory johnson in for emily chang and this is Bloomberg Technology. A 105 billion offer hangs in the balance. The history of attack is turning hostile. The telik on patch made it the telecom match made in heaven is no more. What went wrong for americas fourthlargest wireless character. The massive document leak. Sidestepped apple billions in taxes. Multiple documents in the socalled paradise papers. We will look at apples involvement in offshore financing. Thet, more details about bid by broadcom to buy qualcomm. Broadcom has made a 105 billion offer. The qualcomm Closing Price before bloomberg broke this deal is saying it is ready for a hostile takeover if qualcomms board doesnt play ball. If the deal goes through, it would make broadcom the worlds thirdlargest chipmaker behind only intel in samsung. Sullivan, letks me start with you. It is a little crazy to think about. Weve seen a time of really big a dealsa deals big m in the past few weeks. I think what is going to be intere
Billion. Economy, governor philip lowe said it was the makers are optimistic, but bill remain concerned about the path of Household Spending and debt. Global news 24 hours a day powered by more than 2700 journalists and analysts in more , markets inntries australia shipping closing up shop today. Ice level in 2008 at doing very well. 29,000. Ying, just short a picture of the other markets in the region. Cory im cory johnson in for emily chang and this is bloomberg technology. Broadcom and qualcomm brace for a battle. A 105 billion offer hangs in the balance. The biggest deal in the history of tech is turning hostile. The telecom match made in heaven is no more. What went wrong for americas fourthlargest wireless character. The massive document leak. It shows how apple sidestepped billions in taxes. Multiple documents in the socalled paradise papers. We will look at apples involvement in offshore financing. First, more details about the bid by broadcom to buy qualcomm. Broadcom has made
Latest. How are stocks looking . Off ofstocks have come their highs little bit and we see volume slowing down a little bit. Nonetheless, still seeing a strong today rally. If you look at the groups that are moving, that has been pretty consistent today. Energy shares have in in this top spot consistently throughout the course of this session. Materials follow them and utilities are the laggard as we have higher yields which tend to be inversely correlated with utility shares. Commodities, Oil Prices Pushing Higher after we got the weekly inventory report showing a continuing drop in production and a drop in inventories that was larger than estimated. We see more risk on going on in the markets and a selloff in gold for the Third Straight day. The u. S. Dollar taking a pause after the recent rally we have seen in the greenback. Losing a little steam in todays session. Some momentum indicator showing it was getting a little overbought. Yields, we have a flattening yield curve continuing
Unless something crazy happens today, this will prove, though, to be a very good month for most of the stock market. The dow, if youre not paying attention, up more than 7 just this month. It is now 1. 5 up for the year. We are going to take a closer look at some of the quarters surprising winners and losers, see if theres names that you own on either of those lists. Dow component ge in the news today. Ge capital officially filing to have its too big to fail designation removed after shedding a large number of its financial assets. The company does continue to transform. We talked about that yesterday, but well get more on what this may mean for the state and the entire Financial Services industry. And apples new products hitting stores today, but were not seeing any lines of fanboys down the street. The new iphone and ipad not getting a lot of buzz, but maybe, just maybe thats a good thing for apples stock. Were going to dig into that idea as well. Lets get now to this market. I mean,