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Exchange here on cnbc im wilfred frost. Im Courtney Ragan in for sara eisen nice to be with you, court. Lets check in on the market picture this morning we did get slight gains on friday and slight gains for the week as a whole last week. The dow led the pack it was up 0. 4 the s p up. 10 of a percent. A number of record closes. Walmart the big winner last week, up 9. 6 which courtney will have all the details on in a moment or so this morning we have stocks up 30 points on the dow fed chair janet yellen making the case for more rate hikes speaking at a weekends g 30 rate hike. They said it will warrant gradual rate increases she noted inflation has been, in her words, the Biggest Surprise in the economy similar message in turn that was struck in the minutes last week and its leaving the ten year treasury note below. Last friday we split them to 2. 28 and were just above th ....
The chief executive of jet smarter says how people can rent a jet from an app. First, the headlines from Bloomberg News su keenan. That cocacola will buy a 17 stake in monster beverage for 2. 15 billion. The us is this part of the deal. Monstera will expand distribution in the u. S. And canada. No surprise,ster, soaring in afterhours. Jcpenney out with its earnings after the close of trading. The Clothing Store change hosted in a row where secondquarter loss, 172 million. A year ago, that loss was 586 million. Jcpenney stock higher in afterhours. Finally, sticking with retail, walmart reported stagnant samestore sales and cut its earnings forecast for the year. Earnings will now be between 4. 5. 15 per share, down from the previous range of as much as 5. 25. For insight into walmart, jcpenney, plus to take a look at the old brick and mortar store compared with ecommerce, robe ....
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