Weigh s wider restrictions on huawei road map begins with apples coronavirus warning cautioning it does not expect to meet quarterly revenue forecasts. Shares are sinking and dragging the dow down with it plus big tech needs more regulation. Why Mark Zuckerberg is calling for more scrutiny of facebook. And walmart earnings look to fall short as the whole day season takes a hit well hear exclusively from Doug Mcmillon in a few moments. Apple warns it will not meet prior revenue projection due to the coronavirus outbreak the virus limited iphone production and resulted in weaker demand in china jim was talking about getting hit on the supply and the demand side although that original range was above estimates. So how much are we really losing i think that people dont want to hear this. Everyone that i spoke to the chatter is come on, jim, its really bad i disagree in terms of the rest of the world its gotten better part of what i hear, the work i do dont forget, a lot of Service Revenue
You must be 68 because im 66 thats tom cruise talking ive been told we have to interrupt this briefly to get to walmart numbers which have just crossed. Walmart is out with Fourth Quarter and full year earnings 1. 38 adjusted versus estimate of 1. 43 141. 67 billion. Analysts expecting 142. 488 billion. The majority of stores in chile have been disrupted and some totally destroyed. Theyll be holding an investor day discussing this more in depth. Shares are down 2 in early going. In u. S. Comparable growth streak does continue 1. 9 also below analyst expectation of 2. 3 for the quarter. U. S. E commerce net sales grew 35 . Coming year expectations to grow at least 30 speaking with the cfo, quote, the quarter started off and ended strong despite softness in some categories like media and gaming on the coronavirus, they are monstering the situation and focused on the safety and wellbeing of customers and associates he says sales are still okay the fear is mixed towards food walmart is not
Staying put on the ship, war of words, President Trump and former president obama sparring over who deserves credit for americas economy, after terrifying crash at daytona 500, we have all the latest on condition right now, mornings with maria is live right now. Maria director in wuhan, china, dead, contracted the highly contagious illness, 51yearold neurosurgeon died today. Death coming as more than a dozen patients tested positive for coronavirus or have a good chance of getting it have been sent to university of Nebraska Medical Center for treatment, we will get you the latest on that status, these are people who have been trapped on a cruise ship, docked in japan for 2 weeks, the state of art facility is no stranger to Infectious Diseases with patients suffering from ebola, sars, monkey pox, tuberculosis all being there. The death toll nearly 1800 people dead, more than 72,000 cases reported worldwide so far, devastating flood waters swamping mississippi this week they could receiv
Of december and november was a very strong month for stocks, even though you did see some declines on black friday youre looking at the best returns we saw since june for all of the major averages. Last week again, you did see some big gains too right now the dow, s p and nasdaq are still less than 1 to 2 of the intraday highs with these gains, youll see them challenging that as tom mentioned. Although, i also remember last the first trading day of december last year. Not quite as much fun. I still have some night mares about that. Would not be the only one with scars leftover from that. I think the dow was down 15 at one point in december last year we were having a great year. Markets were up, not up like they are this year. Bottomed on christmas eve, december 24th and saw things take off from there. Its been a very strong year. Will a santa claus rally power the s p 500 and dow to their best year in a generation . Could happen. Were up a lot. What will that take to get there, 5 . Pro
Thank flirks i didnt say anything i wouldnt want them to hear we have our Investment Committee today, joe, jim, jon, courtney, the president of luke capital markets. Brent is managing partner at requisite. You can stop the music now, right . I dont hear it hear music there we go thank you. All right. Lets see where stocks are likely to go from here whether its possible to have that seven week surge. The headline that the market stock had been reacting to in the last ten minutes, reuters exclusive. Trump xi meeting to sign u. S. China trade deal could be delayed until december as discussions continue over terms and venue. Market didnt like that. Yeah. But a blip. Just a blip because weve been basically going back and forth across break even all morning, scott i think what were doing going to address here is what would be the driver other than that that will be a driver if thats signed even if it is signed before december 15th for instance if its signed after f that, then weve got other