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Take a hit. The covid consumer, walmart, home depot and kohls among retailers reporting earnings today. Walmart says ecommerce sales up 79 . And elon musks billions, tesla getting a spot in the s p 500. It is among the highest valued companies to ever enter the benchmark index and musk is on top to become number three, that is the third richest person in the world. Indeed, guys. Well start with the retail picture this morning, jim, youve been vocal as to the investor response on home depot and walmart. I guess thats related to the news out of amazon. Look, by the way, those stocks do tend to run up in the quarter and sell off thats nothing new a more aggressive amazon is always something we have to Pay Attention to i remember when amazon bought pill packs, the drug stores got killed i also point out that walmarts online david, thats not going to go away you can argue someone is going to argue thats the peak i would argue that amazo ....
If you have those big game big names in the green. Joe netflix, the ultimate stock for people staying in their homes, probably netflix. Romaine lets dive deeper into the action. Taylor riggs, what are you watching . Theor i am looking at chipmakers. The nasdaq is higher but the stocks is lower in part because of the impact they could have on the chip suppliers. So much of the discussion has been about the stocks the stoxx being overvalued. Oxx p ecan see, the st ratio still trading at 19. 5 times. As much as we talk about the pullback and the fears about apple, it is important to keep in perspective how full some of these valuations are as we head into some of the uncertainty with the coronavirus. I am looking at the traditional inverse correlation between gold and the dollar. As you look at this chart, typically, they tend to move in opposite directions. Now, safe haven is driving assets higher on those coronaviruss. Gold, trading over 1600 per ounce. That comes even as the dollar str ....
The final hour and we did get some strong earnings from industrial names like Rockwell Automation and speaking of the president s speech, we will have the first reaction from the white house right here on closing bell. A live interview with top economic adviser larry kudlow in just a few minutes from now. And we will ask him for some clarity on china and the status to have the trade negotiations joining us now for the hour is steve grasso from stuart frankel. Kind of a quiet market day here, but perhaps a little bit of upward bias for a while until just the last several minutes. I think its about everything that you just touched on i think its the majority was President Trump, the expectations coming out of that speak that speech at the Economic Club. Was he going to unveil anything that the market didnt already kno ....
Downgrading most advanced economies. You can see right there, these numbers 3 for the world, 2. 4 for the u. S. , 1. 2 for your area, 6. 1 for china. These are all down you see there from the prior forecast and also mostly except for japan down from last year. The imf saying in its report, Downside Risks elevated. Brexit related risk to hinder confidence and growth. Theyre down on this trade issue. Very quickly, they do see something of a moderation next here in 2020 we go back up to 3. 4 it isnt the advanced economies this get there theyre looking for a turn around in emerging markets and developing countries four things the imf notes needs to be done theyre saying International Response may be needed if things get worse from here. They say Monetary Policy cannot do it all. There is a financial risk created fro ....