Year not beating estimates. David it looks like their stock is down in the premarket about 2. 5 . Home depot before you so rudely interrupted me alix david is funny today. David not very funny. Per depot beat earnings share, a little light on revenue. They basically blamed a lot on lumber disinflation, basically. They are warning a lot about china. One is how they want to eat up the lumber costs, a 21 drop in the cost of lumber. At the same time, you have continued slowing homebuilding, but theres a lag for that. Home depot not necessarily feeling the full effect of that could weakness. Because of the price of lumber, overall sales are down. They took it down for the year. There estimates went down. Ls, theykoh reaffirmed their adjusted Earnings Guidance on that comp sales mess. We will dig into retail more over the next couple of hours. The equity markets looking a little bit soggy here, with s p Futures Party much flat. Dow jones off by about five. It doesnt feel like theres a lot of
Giant as oil jumps today is this beaten down sector finally about to move up the Investment Committee is ready to go. The Halftime Report with scott wapner begins right now. Welcome our Investment Committee today, joe terranova, steve weis, john and Pete Najarian. Lets begin with the markets and that semi surge. The chips on pace to close above a key level. Their 50day moving average for the First Time Since early may still a long way to go to get back to the highs but, pete, if this is legit, it could be extremely positive for the overall market it sure could people were leaning on this. This is exactly why this particular name moving everybody else, micron, thats why it was beaten down as much as it was. You look at yearoveryear numbers, this is abysmal but they priced in the fact they werent looking year over year but for this quarter can they beat, and they did. They beat on earnings and on revenue by a little bit, not a lot. And you look at the company. We all talk about valuation
Washington. Senator Jeff Sessions heads to judiciary. Futures are steady. The tenyear, around 2. 39 . Small Business Optimism at an alltime high. We begin with the sprint of confirmation hearings. In minutes, what investors should focusing on. Apple is breaking to an alltime high, but is it a sign of a stronger year ahead . Carl icon on the quote of idiocy of over regulation. How he is pushing the Trump Administration. Chipotle warns it is putting out preliminary results. It is making a reversal, now in positive territory in the premarket. Of course. First up, stocks are looking to bounce back from a mostly negative session on monday. Nasdaq was a bright spot, hitting fresh, alltime highs. Apple one of the catalysts, rising to a new 52week high. Nasdaq is up five straight. Interestingly, it started december, up six straight, jim. Right. This is kind of a reverse. Apple being the last to really go. Look, theres a stock, i call it repulsive today, realmoney. Com article, about a repulsiv
Convention where last night we witnessed history. Hillary clinton is now the first woman to top a major party u. S. President ial ticket. We will get more from both hillary and bill clinton and well show you how the bernie or bust supporters reacted to their candidates attempt to unify the party. Were also looking ahead to day three of the dnc. Todays theme is working together. The convention gets started at 4 30 this afternoon and the speakers tonight, president obama, Vice President biden and we are also expecting to hear from Vice President ial nominee tim kaine. Count on nbc 10 for complete coverage of the Democratic National convention. Well break down the story lines coming out of the Wells Fargo Center and around philadelphia as the city remains in the national spotlight. First, the heat wave continues today. Lets check in with bill henley who has the first alert neighborhood forecast. Hey, bill. Well get sunshine, vai, to warm things up again today. Were starting off with cloud
Delegations staying at this king of prussia hotel. We spoke to members from each one of those states and they tell us, that although many continue to be supporters of Bernie Sanders, some of of them say they just cant get behind Hillary Clinton. Were still grieving. Reporter north dakota delegate emily kimble said Bernie Sanders not being the president ial candidate is a loss of a loved one. Theyre not listening to the people on the ground. I know that Hillary Clinton is a very caring person, and has a lot of amazing work that she has done. Reporter shes boarding a bus to head to the center, other delegates are not. All theyre doing now is infomercials for hillary. Whats the alternative for you . What do you do now . Well, we could go see the liberty bell. And then we were talking about going to have some philly cheesesteaks. And probably going down to fdr park for the protests. Reporter supporters of bernie said you have to do what he is asking. Its ridiculous for anyone to walk out.