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stability. betty: this is bloomberg daybreak: asia. i am betty liu in new york, just after 7:00 p.m. yvonne: it is just after 7:00 a.m. in hong kong. it certainly feels like summer. not a whole lot going on here ahead of janet yellen. also, for earnings to start kicking off real thing. the + of all this is we did see a bit of a breather here in this bond the plus side of all this is we did see a bit of a breather here. g #btv 2092. while we did see the 20 point recently, yourge look at the curve steepening, and that is a good sign, some say. you look at the white line, and the net treasury positions, that continues to fall. when that goes down, market is betting on a flatter curve and long-term bond prices to actually start picking up, so some questions whether you can really call this a route at the moment. betty: that just makes it all the more important to hear more details from the fed about, you know, when they are going to unwind their balance sheet because th ....
shares of nordstrom down about 15% in the premarket, penne yerks s taking a hit. we ll break down what s really happening in the sector. donald trump launching another attack on amazon and jeff bezos. trump saying when it comes to taxes, amazon is, quote, getting away with murder. apple ceo tim cook told cnbc he s very optimistic about china and putting his money where his mouth is in a big way. we ll look at the chinese company apple just invested $1 billion in. but first up, government data shows retail sales up 1.3, surge led by autos, gasoline and online retail. but there s more department store pain on the earnings front. both penney and nordstrom tumbling. at least eight firms cutting their price targets on nordstrom, which misses by a large margin 26 versus 45. revenue was light. comps down 1.7, but the lesson here is that even retailers of that income demographic are not immune. everybody at the mall was out of position, no way to put it otherwise. if yo ....
crude prices ended the day by 1.50. wti is up against another 16 cents to 47. 48. brent is down by three cents to 48.95. earnings just out now from home depot. the dow component posted a profit of 1.44 a share was eight cents above expectations. revenue also beat analysts forecasts. the company also raised its four-year guidance to $6.27 a share. we re going to dig through the report i m digging. with an analyst at this point. the stock is looking really strong today. that should help the dow to some extent. since it is in the dow. and i believe that is an all-time high. all-time high for home depot. and you re talk about a market cap of closing in on $200 billion. and you know, we have still a young guy, energetic dude. started in his lifetime i don t think he was in his 20s when he started either. to create how many thousands of jobs. create $200 billion worth of shareholder value. it s just an amazing value. and craig meniere the chairman and ceo. please ....
just bought valent irnts and icon prince has died, wee talk to b.e.t. founder be his impact around the world. the market seemingly breathing a sigh of relief on this today, julia boorstin will bring us up to day. julia? dish and viacom came to the deal in the 11th hour, this sending shares higher today. up now about 12%, the stocks now in the green for the year. analysts saying 14 million customers it could have been a catastrophe secure since the ratings happened in decline. now, in addition to keeping viacom s 18 channels on dish, this multiyears renew at includes putting the viacom content on sling tv s direct to consumer s skinny bundles. dish shares are up not quite as much, but analysts say this could help dish grow sling-tv s subscriber for the skinny bundles. the fact these two sides did strike a deal did protect the tv bundle for a bit longer. mike and kelly, back over to you. and now to general motors earnings beat. phil lebeau has the story there. hey, ....
the hang seng was up about half percent. and the shanghai up about .6%. the european equity markets. this is the early trade. relatively flat. the dax is flat. cac is down less than .2%. the ftsi up about a .25%. and the italy index about 1.5%. and spain just over 1%. and up about 0 30 cents. brent up about 33 cents. couple of big stories this morning. bp reporting overnight. quarterly profits dropping 80%. that topped expectations, oddly enough. the company says it now could cut capital spending further as a result. ceo expecting prices to recover towards the end of the year as pruszers stop work on fields and demand strong returns. also dupont is raising its full year guidance. the chemicals and seed producer planning to merge with dow chemical but last year regulators needed more time to review materials related to the deal. and today we re expecting results from dow components 3m, numbers from pharma company eli lilly and hear from its chairman and ceo at 7:30 e ....