All of that bodes well for walmart which is forecast to report a 4 rise in sales. Results from the Worlds Largest retailer should also offer a glimpse into demand for back to school items. Traders are hoping that, despite higher borrowing costs, it will show that us shoppers are still willing to spend on essentials. Staying with retail, jd. Com beat analysts forecast for Second Quarter revenue which rose more than 7 to nearly 40 billion. The chinese e commerce giants Focus On Lower priced products paid off in the fight for customers amid an economic slowdown. The company said it attracted more vendors to its platform and its users shopped more frequently as It Product Range expanded. It was a different story however for tencent where Earning Results came in below estimates in the Second Quarter. Revenue grew 11 to just over 20 billion. Tencent s core Gaming Business experienced weaker than expected growth. Domestic Gaming Revenue was little changed, a sign that the economic slowdown in
Higher Profit Margins than expected as offered fewer discounts. All that bodes well for walmart which is due to report a 4 rise in sales. Results from the Worlds Largest retailer should also a glimpse into demand for back to school items. Traders are hoping that despite higher borrowing costs, it will show that us shoppers are still willing to spend on essentials. Staying with retail jd. Com Beat Analyst Forecasts for Second Quarter revenue, which rose more than 7 to nearly 40 billion. The chinese e commerce giants Focus On Lower priced products paid off in the fight for customers amid an economic slowdown. The company said it attracted more vendors to its platform, helped by lower thresholds and costs for them to join, and that users shopped more frequently as its Product Range expanded. It was a different story over at tencent where Earnings Results came in below estimates in the Second Quarter. Revenue grew 11 to just over 20 billion. Tencent s core Gaming Business experienced weake
clarence house by car this afternoon en route for sandringham. earlier in the day prince harry arrived in london to visit his father, there is no news on if he too has travelled to norfolk. the palace have not given any further details on what type of cancer king charles has been diagnosed with. only that it was found during his recent treatment for a benign enlarged prostate. butjudging by what the prime minister said earlier on bbc radio it would appear they have caught it early. well, like everyone else, shocked and sad and just all our thoughts are with him and his family. and you know, thankfully this has been caught early and now everyone will be wishing him. that he gets the treatment that he needs and makes a full recovery. that s what we re all hoping and praying for, and i m of course in regular contact with him, and will continue to communicate with him as normal. and those who know him say he will reflect on this, through his faith. the most reverend stephen cottr
while answering questions about the negotiations. we ll have those comments for you in just a moment. and they come as president biden is busy with world leaders at the g7 summit in japan. we ll recap yesterday s events and preview what s ahead including a new round of sanctions for russia aimed at closing loopholes that moscow has been using to security previous attempts to hold it accountable for the invasion of ukraine. good morning and welcome to way too early on this friday, may 19th. i m jonathan lemire. thanks for starting your day with us. we ll begin this morning on capitol hill where it appears that at least some progress is being made on the debt ceiling. house speaker kevin mccarthy shifted to optimism yesterday on the negotiations saying a deal could now be made in time in order to avoid a default. i just believe where we were a week ago and where we are today is a much better place because we have the right people in the room discussing it in a very profes