We are standing by for the White House Press briefing, sean spicer returns to the podium for the First Time Since the firing of james comey. The president shocking many this morning by tweeting, considering stopping having press briefings and issuing paper statements instead. America waiting to find it out if the president was just making a bad joke. That pressure expected live right here. When it begins, we will take you to it. To your top money news. Today, once again, the continued decimation of retailers and their investors money. Today jcpenney and nordstroms. Not impacting your Broader Market investments. Three major indexes are little changed. The dow down a scant 31 points. A little more good news for your money on this friday. Shares of apple and mcdonalds hitting new records. Owner of darden doing well as we bulk up on pasta. Right now lets get back to what appears to be the sad new retail re reality for investors. Jcpenney wiping out hundreds of millions as sales disappoint.
Allegations. Is 8 00 a. M. Across the emirates. Welcome to Bloomberg Markets middle east. , andyousef gamal eldin with me is shery and out of hong kong. Shery it looks like bat reflation trade may be far from over. Were talking about that shift from global lawns into equities continuing as Inflation Expectations rise. ,ook at the gmm go function markets following that global hshares climbing again, the longest winning streak in two months. Also, the japanese yen losing ground,. 6 , helping the nikkei topix get a boost. Copper leading the gains and metals, up 4. 8 . Stillopper mine in chile closed as bhp workers go on strike. You are looking at treasuries in the u. S. . Yousef yes, specifically Foreign Holdings of u. S. Treasuries. We have seen some interesting trends, investors getting second thoughts about financing u. S. Plans and u. S. Projects. Take a look at this for the 5937. Ctive, btv you can see the selling has been going down on an annual basis for some time. Net outflows in
Did you know there are only really five stops powering that index now . Well tell you about that and more. First, lets check in with sarah. Welcome, sarah. Thank you. Its good to see you and be with you as always. We have to begin with that potential deal between walgreens and rite aid. The pharmacy chain stocks all moving right now. This is just talks. Advanced deal talks according to the wall street journal. Supposedly theyre in talks right now. It had a noticeable infect on rite aid. I want to point out here, put up rite aid intraday here. 6. 24. Rite aid at 6. 24 just about 40 minutes or so ago. And we immediately got halted. And you can see the jump up after the halt came off to 8. 51. Whats important is walgreens even moved up on this. Sometimes the alleged acquirer moves down. Thats not the case. You can see that moved up as well. And heres a surprise. Even cvs moved to the upside. You would think this would not be necessarily great news for the competition. Even cvs moved up on
For employees and Big Investments in ecommerce. That sent shares plummeting, down 10 , its worst day in 27 years, knocking more than 20 billion off its market cap. The revelation underscores the difficulty that company is having reigniting growth. Courtney reagan has more on walmarts unpleasant surprise. Reporter well, no one saw that coming. Today, walmart lost nearly 20 billion in market cap after surprising wall street with new Earnings Guidance at its annual investor meeting at the New York Stock Exchange. The Worlds Largest retailer lowered its Sales Outlook for the current year, citing negative currency impacts and said the cost of higher wages and investments in ecommerce will lower earnings by as much as 12 in 2017. Walmarts ceo, doug mcmillen, is asking investors for patience and told analysts that these investments are the right ones to make for the future. The Company Forecasting it will return to current levels of profitability in fiscal year 2019, though investors are hurt
For employees and Big Investments in ecommerce. That sent shares plummeting, down 10 , its worst day in 27 years, knocking more than 20 billion off its market cap. The revelation underscores the difficulty that company is having reigniting growth. Courtney reagan has more on walmarts unpleasant surprise. Reporter well, no one saw that coming. Today, walmart lost nearly 20 billion in market cap after surprising wall street with new Earnings Guidance at its annual investor meeting at the New York Stock Exchange. The Worlds Largest retailer lowered its Sales Outlook for the current year, citing negative currency impacts and said the cost of higher wages and investments in ecommerce will lower earnings by as much as 12 in 2017. Walmarts ceo, doug mcmillen, is asking investors for patience and told analysts that these investments are the right ones to make for the future. The Company Forecasting it will return to current levels of profitability in fiscal year 2019, though investors are hurt