A weaker u. S. Dollar as well. 105. 38 to the japanese yen. Gold back about 2000. 003. 35 an ounce right now. Walmart benefiting from online orders but store traffic was hampered by the coronavirus. The companies cfo said comp sales growth slowed last month as the government relief waned. Lets bring in Morgan Stanleys Simeon Gutman. How did the Company Managed to get margins around 42 . Comp. they had a 9 rising tides lifts all boats, but they had gross margin in the u. S. Swing from down to 200 basis points to up this quarter. The primary driver is the mix of food and consumables, which tends to be lower margin, was mother in percentage, and a big shift toward general merchandise. A nice swing in gross profit to hire to cover those higher costs of operating, but the results were better sales and gross margins, allowed them to generate that growth. Vonnie walmart was only really getting going in the last couple of quarters. Did the digital improvements help out this quarter . What does
Tweet earlier in the hour does suggest that you think these retailers are prepping us for numbers that are going to be tough to replicate. Yeah, i think that they have to, carl they all know that america was flush from the 1,200 check and they also know there is a lot of stay at home people trying to make their homes into an office and a home, and that thats largely passed now, that doesnt mean that you shouldnt buy these stocks because that money went to these essential retailers and now theyre stronger than ever, but i know that if you are if you are at walmart it does not pay to say this is going to continue same thing with home depot i say you wait, let them come down and recognize that these are just so good that you want to be in them. Particularly, say, if a lowes comes down, thats kind of attractive, they report tomorrow look, these are remarkable companies, but they are also given as remarkable companies are to humility and to a respect to the individual investor they dont wan
It sums up everything that you need to know in the markets. Equities are down, which means you are getting a flock into full faith and credit. You are getting massive dollar weakness for three straight days. The weakest we have seen on the dollar since 2018. The story of the week, all about gold. Investors watching back in as a hedge against low rates. Big concern about the trajectory of this economy. As i mentioned, some of that trajectory is coming from the fed. They are extending most of their emergency Lending Program until the end of the year in an effort to support the economy amid the pandemic. The fomc kicks off their twoday meeting in washington with a Rate Decision due tomorrow. We are joined by Kevin Nicholson riverfront investment group, Global Fixed Income ceo. I love days like this where i can get a fixed income guy talk about equities. You are talking about the tactical favoring of equities. How much is relative value, where a dividend yield is worth it to basis points o
Her family, her friends, her surrogates. The list includes former Vice President al gore who was in boulder and jefferson county. If i go to governor mike pences visits, donald trump, it stops between the two of them but the good news is this is the last day of campaigning. The next president of the United States of america, donald trump. Reporter coming up to a laser light show, donald trump and mike pence campaigned together in she can and the New Hampshire after finding out Hillary Clinton would be there. I figured i have nothing to do tonight, so ill go there tonight and give it the last whirl. Reporter trump making five total stops. Florida, North Carolina and pennsylvania. You would have thought it was new jersey but jon bon jovi and Bruce Springsteen headlined a rally in philadelphia with the president and first lady, and clinton with her family. Of our time. What will be look for . Not just against . Reporter clintons they have four stops. Michigan, twice in pennsylvania, and n
Any of the girls. She is taking it really too hard because you never think this can happen in your own community and its just shocking. Nothing like this has ever happened before. This has always been safe. There is always a bunch of people in there. Reporter Pueblo Police say the investigation isnt over but this is a situation others can learn from. Caution. Be with a responsible person who knows how to swim. Dont ever swim alone. Reporter there were other people in the area who called 911. Police say foul play is not believed to be a factor in this case. We had a number of small fires in the metro area today. Copter4 flew over this one. The Rocky Mountain arsenal burned inside the refuge. Quickly to protect homes near parker. Brush fire burned e470 near jordan road. We did have scattered storms but they have really fizzled out. Reporter for tomorrow, we could easily see thunderstorms in denver, especially in the afternoon. They marched east out of the foothills. Its good were getting