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Surprise profit and Record Services revenue, but says weakness in pc and ipad could continue to drag down sales. And amazon shares rallying after reporting blowout profits beating on sales and the company issuing optimistic guidance as well interesting internals in the jobs report this morning 187,000. Unemployment, 3. 5 average Hourly Earnings, a touch hot, but the workweek shrank, mike, so total weekly pay, below expectations i think it all nets out to consistent with a slowing but still tight labor market and a relatively soft landing for the economy. You did have those downward revisions, so decelerating but also lower Unemployment Rate implies just not a huge supply of idle workers to draw from here the main market kind of bank shot on this is what does it mean for treasury yields thats been the story all week ....
Tuesday with the nasdaq 100 at alltime highs with a big focus on retail for the next 60 minutes or so. We will hear from lowes. We will hear from macys, too. From target, plans to reduce prices on 5000 items. We know consumers are feeling pressure. Lisa we havent seen it show up , the pressure, and the broadbased confident for disinflation, which is the reason twiddling our thumbs waiting for retail to come down. Annmarie barclays saying challenges for target, cutting into memorial day, expect or of your bargains to go into july 4 like everyday items. The, soda, fresh fruit, yogurt, peanut butter. Jonathan, it caught the attention of the white house. Biden immediately tweeted about it. Jonathan surprise, surprise. We need to look to the bulls on wall street. We will catch up with mike a bit later. Still bearish, jp morgan maintaining a bearish stance with high valuations, restrictive rates, and in nation. Lisa he also acknowledged a negative stance in equities, its got to be pretty awk ....
Interest rate is still 3. 6 . Nymex crude is coming back up it is so lower than it was in from tension in the middle east to 88. 33. 2020. There is some dispersion. Some people are struggling and when you get higher yields and a stronger dollar and more there is a big increase in consumer debt. Expensive crude oil, that is difficult for equities. Consumer debt and Credit Card Debt is actually only 1 12th the as a result, we see the selloff. In the middle east, there stock of mortgages. Remains very high tension. The household sector was performing well and there was an the World Leaders we have heard from our discussing this lately. Industrial sector boom. Sonali the Strong Economy comes pres. Biden i was saddened by with a backdrop of a lot of concerns about a steepening of the enormous loss of life the yield curve. Ye ....
And shanghai up 18 points. The dax up by a half percentage point. Similar gain for the cac in france the ftse in london up by a similar amount the yield in the to twoyear, up 1. 763 also look at gold prices because they were under some pressure yesterday gold down about 1. 6 1,27 1,279. 50 lowes is recording 1. 05. Above the estimates of 1. 02. Three cents above estimates. The revenue number that im looking at, at least sales, 16. 8 billion thats a bit above looking at this forecast company sees fiscal year eps of 4. 20 to 4. 30 if thats not an adjusted number, its below the 4. 50 on the estimate here. 1. 05, three cents ahead. The company is supposed to earn 87 cents next quarter that would have gotten the company to 4. 50. They beat it by three, so they only need84 cents in the fourt quarter to hit that number maybe thats adjusted. If its not adjusted, its below the forecast maybe theres something there. The adjusted number may be different than the 4. 50. Looks like theyre lowering ....
Feet rooted right here behind his podium. Which is against my nature. Its going to extraordinarily difficult for me to stay planted but if you see me wandering stage right, wave your hands, make some signal and i will return to the podium as quickly as i can. I also, i have some incredibly interesting and amazing videos in which we were panning and zooming about the globe. I can promise you will not see those. Tonight apparently they did not have the latest version of powerpoint in 1719. So well see some stills nonetheless, which i hope will keep your attention. So were going to talk about 1776, and this was a trying year for revolutionaries and the 13 british mainland colonies. The ragtag Continental Army scored a victory in march of 1776 when the british withdrew from boston, but the success was shortlived. An invasion of canada ended in disaster largely because a smallpox epidemic that eventually crossed the continent. And th ....