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Chinas talking tough about trade and sounding as though compromise is possible. Beijing warned it plans to retaliate for new u. S. Tariffs scheduled to take effect next month. China called the tariffs a violation of the accords reached by President Trump and president xi jinping. The Chinese Government said the leaders have kept Communications Going and hope there can be resolution based on equality and mutual respect. Six european nations are hoping to take the 147 migrants stranded on a spanish humanitarian boat off italy. Italy says france, germany, romania, portugal and luxembourg will help. Global news 24 hours a day on air and at tictoc on twitter powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloo ....
Some of these names, court, have had a crazy morning already. Thats exactly right and its only going to get crazier. Next week is black friday, so walmart shares higher, almost 9 after another quarter of what the company is calling broad based strength so profit and revenue beating estimates. The retailer also raising its full year guidance to a range above the current consensus. U. S. Comp store sales up 2. 7 . Thats the best number in eight years. 13 straight quarters of growth there. Now, theres an estimated 30 to 50 basis point hurricane benefit with that stock up on replenishment or purchases after the hurricane, but even without it youd be looking at a 2. 2 to 2. 4 comp and that would still be the strongest in years. So walmarts u. S. Ecommerce sales contributed 80 basis points to the total comp pretty typical net u. S. Online sales grew 50 from last year that growth rate is down slightly from the growth rates of the last two quarters as anniversary of that jet acquisition that h ....
That vix up at 25. Weve got our crew standing by Courtney Reagan watching the stock staging a comeback Steve Liesman on how it could hit the gdp. We begin with bob pisani amid new warning signs. It kind of feels like its quiet today, and yet if you look at it on an historical basis, this is a pretty active day. The one to one advancing in decline so were not getting any weird breadth signals here the volume is lower than its been in the last several weeks by historical standards its high but compared to the last two weeks, actually, its pretty quiet. The volatility, the vix is elevated but moving in a very narrow range thats a sign of Little Things settling down. Kelly is absolutely right about the dow. 280 points from high to low. That would have been titanic two weeks ago and yet today were watching, oh, okay, thats not ....
Officer gary cohn. The white house says hes not leaving his post well have all the details. Steve bannon says were at economic war with china. The former ceo of lvmh will tell us why he actually doesnt think the u. S. Can afford a trade war right now. Lets start with the two big things investors are watching carefully. Retail earnings again and more potential drama in washington. Courtney reagan is covering the walmart story for us and eamon javers has the latest political intrigue out of the white house. Courtney, lets start with you. Shares of walmart are down today. You mentioned dragging the dow lower. Pessimism, of course, hanging or the entire retail sector, and while there was a solid quarter for walmart expectations were high going in and walmarts quarter earnings only meet expectations on the high end some of the pressure down 2 walmarts profit and revenue beat expectations and raised the lower end of its previous fullyear Gu ....
Markets now. Connell it is good to be with you on markets now. We will get to steve forbes in just a minute. We begin with stocks now. The dow is up a little bit. Adam shapiro is on the floor of the new york stock exchange. Adam good morning. The s p is still in negative territory. Apple is up over 2 . Just to give you some idea of who is winning and who is losing on the dow, cisco and ibm. Connell thank you very much, adam. The irs is still targeting tea party groups. Steve forbes says forget about it. Lets get rid of the irs altogether. Thank you for coming in. I think there is a growing consensus. I think we can get rid of it all. People realize it is beyond redemption. Given these scandals, why not just start all over. Start with a new culture, new tax code. Connell the flat tax. You have been talking about it for years. A lot of people support you. They think it is a great idea. It is very difficult in the current system, in washington. 30 countries around the world have done it. ....