Week the s p is tracking for a third week in a row of losses, down 1. 3 nasdaq futures up 73 points. Weve got a lot to talk about on a summer thursday. Our road map starts with earnings walmart posting better than expected results fellow down component cisco gets a lift, beating with its Quarterly Results and talking up a. I. Ceo Chuck Robbins will be joining us here. Plus, investors continuing to digest fed minutes released yesterday. The tenyear note yield hitting a fresh high were going to begin with walmart, raising fullyear forecast the retail giant benefitting from customers seeking bargains. U. S. Comps up by a better than expected 6. 4 and ecommerce jumping 24 led by pickup and delivery theyre clearly taking share because theyre out comping their competitors and the industry theyre crushing it i want to straighten some things out here when you have ecommerce up 24 , when you have advertising, which is just free money, what are the Gross Margins there, 35 , much higher margin. F
You do have financials and Energy Taking up the slack to some degree. Inconclusive, indecisive action. Were 4 below the highs the treasury yields remain in fo focus. We did break out on tenyear yields above 4. 25 taking us back to 2008 the 30s are at 4. 40. Its a consistent story were pricing for a better growth economy, high real inflation adjustment yields. We can bet the economy can handle it or not plus a supply demand issue for debt. Look, the latest data is supportive of those higher yields we got jobless claims below 240. Psychologically important. Theres the yellow bankruptcy factoring in so far no evidence of real mass l layoffs in this economy. We have philly fed which was sharply higher and the first positive read since last august and prices paid inside of that, which a lot of people look at, looking for inflation cues was a little higher. You add that to the other data weve gotten this week its not earthshaking data. Its industrial productions, housing starts, retail sales
Costs. John shrewsberry jiwill join ust discuss the Lasting Impact of fake accounts scandal. Weve been following the scathing critique of bridgewater and ray dalio written in the newsletter last week jim will join us in an exculusie interview. Some of it may strurprise you. We begin with iran today the president just announcing new sanctions will be put in place against the country and decertifying the iran deal after his speech, he took questions from the press, when asked why he didnt just end the deal now, he said this well see what happens over the next short period of time. And i can do that instantaneously. I like a twostep process much better what impact could the uncertainty over the iran deal have on energy joining us to talk about that now, andy liphow, and benjamin sal salesbury. Good to see you both benjamin, just talk at the outset whether this actually does change anything with regard to policy implications, about supply and demand for energy, iran exports, anything like
And with a Golden Ticket its a golden day welcome to squawk alley. John and kayla and myself at post nine as we watch yet another rally fade away on some more bearish than expect inventory numbers on oil. Well watch that today. Meantime, the former coo of twitter and a partner at y combin ator. Its great to have you back. Good morning. A lot to talk about. Thank you, carl. Well start with apple. Last week according to the intercept ceo tim cook criticized the white house for a lack of leadership on encryption. Of course, tech ceos are anything but yawn itd on this topic. Heres what blackberry john chen told john fort last week. I think theres just not an organized effort for it. I think this job, you are correct, you are not missing anything. Many of us have a different position and a different view of it. Some of us feel stronger than the others. I think theres really eventually it needs to come from an organized effort and maybe the government this is a private Public Sector conversa
That a u. S. Judge has accepted a plea agreement with Lumber Liquidators. Right now we dont know exactly what the plea was or what the plea was for in terms of what charges they address. Still, the headline was moving the stock, the stock up about 9. 5 , right around just 10 54 a. M. , halted for volatility, reopened just now about a minute ago, now up by 6. 5 on heavier than average volumes, so we will bring you more. Right now, trading volatility around Lumber Liquidators on a bloomberg headline with a u. S. Judge. Back over to you guys. Thanks,dom. Keep us posted on that. Meanwhile, the rest of the markets giving up some of their gains, lower off the lows for the day. Twitter shares up sharply. A new report from the information out this morning says Mark Andreason and silver lake considering some sort of deal for the social network. Twitter shares as i mentioned, up this morning. They were up about 9 in premarket trading. But here with they are story is jessica lessen, cnbc contribu