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Worldwide exchange on cnbc im wilfred frost. We will get to the markets they are pointing higher yesterday we had a triple digit decline for the dow, down more than 130 points. We are bouncing back this morning. Not quite triple digits. Up 92 points for the dow 10 points for the s p. The nasdaq up 30 points. Energy the worst sector yesterday. Oil prices continued their recent two or threeday slide. Energy sector down 1. 2 . The best sector was financials up 0. 2 . In part getting a boost when richard cadre, the cfpb chief announced he would go eight months before the end of his term he was one of the last few remaining obama pro regulation i appointments in powerful positions. His departure helped some of the consuming lending banks in particular lets look at why were higher in part because of the rest of the world was higher yesterday the rests of the world was lower and that fed into a generally riskoff tone by the time we opened bouncing back. The nikkei up 1. 5 down 1 yesterday. Eu ....
Walmart today. Absolutely. Even though the stock is up sharply as i said. And that does not matter to me because i think the stock continues to go higher you have to reevaluate how youre going to look at this company in terms of the growth that they are producing right now. This is about multiple expansions this is about a company that were pricing at x ike i think its time to price it as x plus clearly the purchase of jet. Com was just a sensational purchase and youre seeing evidence of that right now i bought it today. No problem buying it up 8 , its going higher. Josh, comps best in eight years. Grocery comps best in like six years. Im saying do you remember youve been talking about this stock for a long time. No doubt. We called the breakout in the 70s. And i remember some very heated arguments here on the desk about, oh, they overpaid for jet. What have they added since they bought jet, like 30 billion in market cap they underpaid for jet it was worth so much to this company becau ....
Recount in that fight for a p g board seat and cisco shares up 6 premarket on an earningsdriven recovery walmart, though, is up sharply in the premarket the dow component reporting better than expected earnings, revenue, and comps, which were the best in eight years. Online sales up 50 . Walmart issued some upbeat guidance for the full year jim, you just said to joe, that Doug Mcmillen may have reinvented this company for real hes done a great job in bringing in mark rory of jersey fame hes done a lot of tech stuff for jet. Com. Smart. I think this was the quarter where you realize, were playing for keeps. We can actually make a lot of money, cutting prices, bringing people in, well, whos that . Thats amazon. So we found our toetotoe now the stock was down yesterday, down about a buck and a half, off of target. That turned out to be a mistake. This company is taking share by the way, online 50 is rather remarkable this is a reinven ....
House. Power lunch starts right now welcome everybody to power lunch. When i buy, it is the peak when i sell it is the bottom. Thats my life story stocks, they are down this hour. The dow and s p 500 both on trek for a second straight down week, but the nasdaq is on pace to finish the week higher watch the bond market, folks yields on the twoyear treasury note hitting the beginning of the financial crisis a 1. 71 . Check out the etf that tracks energy we are on pace now for the first week in more than a year big moves in retail to tell you about. Abercrombie fitch up 25 on earnings ross is up 10 footlocker up 25 on its earnings more on that ahead the death of retail may be exaggerated. Were watching apple, the tech giant delaying a key launch of a crucial holiday product. More on this coming up melissa . Ty, im melissa lee twentyfirst century fox is reporting that verizon is also reported in acquiring them disney was interested in buying assets now it is at 30 and changeup by 3. 7 . Ve ....