Julie you just abide buy today between the individual retailers in the retail Sales Numbers. They are showing different pictures of whats going on within the retail industry. Individual retail showing sales letter disappointing even as the overall number does beat estimates. Women mixed picture at the moment the major averages is the nasdaq is down thing but the dow imap is the the best technology group. Telecom and Consumer Staples shares are lower, however today. Retail, when youre looking at different times of retailers today, its an interesting story. Walmart and amazon, for example, we of walmart which is rising falling by 2 . But amazon is also down after her recent winning streak it had. Walmart reports its warnings next thursday its earnings next thursday to be head of that. First quarter comes could come in in line or below what analyst are estimating. Declining,se stocks investments and owners are falling in the session as well. Got disappointing numbers, not just today but o
Good morning its 8 00 a. M. In Los Angeles California and its 11 00 a. M. On wall street and squawk alley is live. Welcome to squawk alley for a thursday. John fort is out today but kayla and myself at post 9 joined by mike santolli. Good morning, guys. Its a little trepidation ahead of china gdp tonight. The season is heating up and bank of america in the green after earnings and revenue Beat Estimates but theyre down 18 on concerns about the Global Economy and topping expectations. Delta, in fact all the airlines seeing nice after profits Beat Estimates. Theyre impacted by a stronger dollar but their fuel costs are coming way in. After 14 in two months will earnings will seen as good enough . The early evidence is maybe. Honestly it seems like we can at least support these levels if oil cooperates and all the other things hold in place. It does seem as if i think the reaction to the banks yesterday shows you that people were leaning too hard against that group. Didnt own enough of th
Driverless cars being a reality . Would you trust them . Well take a look at that this hour, but, first, lets go to sue who is back at the nyse. Hi, sue. I sure am ty. Stocks are soaring right now. We have a triple digit advance in the Dow Jones Industrial average. The dow is on the up side by 160 points. The s p is higher by about 12. 2 3. Nasdaq higher by 9. 5 or close to that, and the russell 2,000 is up 12. As ty mentioned, oil is really one of the big stories today. Its rallying. Its a best west texas intermediate, and brent crude is up almost 4 . It has a lot of us asking has oil bottomed . Were going to talk about that in just a moment. First, bob come on into the light. Bob pasani welcome back from florida, by the way. Pleasure to be back. We are just rallying in oil here. Oil just jumped by 60 cents in the last 20 to 30 minutes. Were at 52. Moving up. Lets take a look at the arguments. My heavened, there are such arguments today. Some people are against it. Recount is down. Ca
Japanese electronic giant secures a 1. 9 billion bailout. Lets have a look in on european markets. The stoxx 50 is flat. We did have weakness across europe yesterday. It was only pronounced weakness for the dax in germany off more than a percent. Partly because gdp figures were a little disappointing. Its a continuation of the unwind of qe trade dom natd market trade throughout the year so far. Lets look on what the rest of the european markets are doing today. The ftse 100 below flat. Germany and france managing to stay just in the greece. France just ticks down into the red. Italy also just below flat. Of course there has been a continuing sense of volatility of weakness in the markets. We were a little weaker earlier. We found a little bit of strength over the last half an hour or so but in general certainly nothing to write home about. Lets have a look at bond rates. They continue to be one of the key drivers of the unwind weve seen highlighted by the 10 year in germany. We look at