You must be 68 because im 66 thats tom cruise talking ive been told we have to interrupt this briefly to get to walmart numbers which have just crossed. Walmart is out with Fourth Quarter and full year earnings 1. 38 adjusted versus estimate of 1. 43 141. 67 billion. Analysts expecting 142. 488 billion. The majority of stores in chile have been disrupted and some totally destroyed. Theyll be holding an investor day discussing this more in depth. Shares are down 2 in early going. In u. S. Comparable growth streak does continue 1. 9 also below analyst expectation of 2. 3 for the quarter. U. S. E commerce net sales grew 35 . Coming year expectations to grow at least 30 speaking with the cfo, quote, the quarter started off and ended strong despite softness in some categories like media and gaming on the coronavirus, they are monstering the situation and focused on the safety and wellbeing of customers and associates he says sales are still okay the fear is mixed towards food walmart is not
Welcome to power lunch, everybody. Stocks are just off the lows of the day. The dow down b about 200 points. Still on pace for its Third Straight session in the red with apple the biggest drag and gold reaching 1600, its highest level in seven years and utilities leading today on pace for a record close the second best performing sector this year next to tech up 9 for more on where the money is move ng todays market, lets get to bob pisani at the new york stock exchange. Hello, again. Much of damage is cue to apple and theyre worried about krohn kro coronavirus. Exxon mobil, another new 52week low there and also were seeing some of the big global industrials like caterpillar, 3m pretty modest response leon cooperman was saying the the biggest risk to the markets is the u. S. Elections and this is the way a lot of the Fund Managers seem to think bank of america, 150, the biggest Fund Managers in the world. He said that, too. The 2020 election is the number one thing. Were all worried ab
Teslas luxury cars. And the square continues its banner year with a betterthanexpected quarter. First our lead, apples shares surged to record highs. The figures called and analysts concerns that the new iphone may be delayed. In a phone call with ceo tim cook, he told me that more users are waiting to upgrade to reports about the new iphone. He said it feels like the rumors are much larger and more frequent this year than in the past. We do believe that has created a pause. It is likely larger than previously. We broke down the guidance and earnings with the julie ask. And our bloomberg gadfly cheryl. There is a lot to look forward to hear. On the one hand, the market is going to grow about 50 , so over the next five years, so there is a lot of upside in that market. There is a lot more to come with the smartphone needing a bigger ecosystem in peoples homes, a lot of upside to come with things like virtual or voice assistants, and then there is all of the services they sell, whether i
Teslas luxury cars. And the square continues its banner year with a betterthanexpected quarter. First our lead, apples shares surged to record highs. The figures called and analysts concerns that the new iphone may be delayed. In a phone call with ceo tim cook, he told me that more users are waiting to upgrade to reports about the new iphone. He said it feels like the rumors are much larger and more frequent this year than in the past. We do believe that has created a pause. It is likely larger than previously. We broke down the guidance and earnings with the julie ask. And our bloomberg gadfly cheryl. There is a lot to look forward to hear. On the one hand, the market is going to grow about 50 , so over the next five years, so there is a lot of upside in that market. There is a lot more to come with the smartphone needing a bigger ecosystem in peoples homes, a lot of upside to come with things like virtual or voice assistants, and then there is all of the services they sell, whether i
Teslas luxury cars. And the square continues its banner year with a betterthanexpected quarter. First our lead, apples shares surged to record highs. The figures called and analysts concerns that the new iphone may be delayed. In a phone call with ceo tim cook, he told me that more users are waiting to upgrade to reports about the new iphone. He said it feels like the rumors are much larger and more frequent this year than in the past. We do believe that has created a pause. It is likely larger than previously. We broke down the guidance and earnings with the julie ask. And our bloomberg gadfly cheryl. There is a lot to look forward to hear. On the one hand, the market is going to grow about 50 , so over the next five years, so there is a lot of upside in that market. There is a lot more to come with the smartphone needing a bigger ecosystem in peoples homes, a lot of upside to come with things like virtual or voice assistants, and then there is all of the services they sell, whether i