Largecap tech is lagging the overall market gains. We see the dow perform the best. One of the reasons the dow is performing so well today is indeed walmart. Seeing a gain of 5 on that forecast for ecommerce sales to rise 40 in the next fiscal year in the united states. Walmart has been making investments in ecommerce for years and it looks like now they are finally starting to pay off. At the expense of amazon. Amazon seen as a big competitor walmart and analysts im putting alibaba up here as well. Those shares also rising today. Amazon the market cap of versus alibaba. We last saw alibaba as larger than amazon market cap wise in mid2016. Alibaba with larger than amazon market cap. We will keep an i on this metric to see if that trend is continue. We are watching oil prices, which have been supportive of break stocks, in particular drillers. Crude oil pushing closer to 51 a barrel as we hear from the opec chair saying we see an expansion in the number of countries signing on to the Pr
Literally melting down. Congressional scrutiny is heating up. More on that later in the show. Its wednesday, up over nine. We begin on capitol hill. Lawmakers may be feeling anxious over the possibility of a default. They can relax at the house jim. While services across the country have been slashed, furloughing 800,000 federal workers. The house gym, which boasts a swimming pool, sauna, and basketball court, has been deemed essential. It has been reported towle service has been discontinued, so i guess the pain is spreading around. Republicans are pushing forward to reopen parts of the government. Today they passed legislation to provide funding for families of soldiers who died overseas and the shutdown. Five members of the military were killed in afghanistan over the weekend. Normally money is paid for funeral costs and other expenses. Since the shutdown those checks have been with held. Democrats are opposed to this piecemeal funding strategy, perhaps because it will probably be a