Passes the 50 mark. Earnings, earnings, earnings. Cisco shares down sitely despite beating despite beating the street. Company plans to lay off 7 of the work force. Well talk to Chuck Robbins. Walmart shares up after beating the streets estimates and boosting its outlook. Whats ahead for the company now that jet. Com is going to be in the mix. And a strange story coming out of brazil as two olympic swimmers are pulled off a plane while drive trying to leave that country. Live to rio for the latest on the lochte controversy. First up, walmart poised to open at a 52week high after reporting Second Quarter operating profit of 1. 7, nickel above, revenue above consensus. U. S. Comps positive for a eighth straight quarter up 1. 6 and raising their full year guidance. Traffic was up and i believe its best in eight quarters traffic, comps up 1. 6. Best in eight. Some of these initiatives are starting to bear some fruit. I was going to add the ecommerce sales to that because that was a bright
Today. An accounting issues. Well have the latest details and what it means for the future coming up. Also, etna following uniteds lead and announcing plans to pull out of most of the Obamacare Exchanges this its involved in next year. And will that lead to big price increases now that theres less price competition at those exchanges . Well hear from the ceo of a major insurer whos doing pretty well in obamacare. Thats coming up here. And financials have really missed out on the recent record rally but is now the time to bet on the banks . With more hints the fed may raise rates again. Oh, by the way, a big move by an investor into one of the banks. Well hear from both sides of the debate coming up. A lot to get to. Lets begin with the markets pulling back from yesterdays trifectas. We put it. Closing the Closing Bell Exchange today, Michael Robinson of money morning. Com, ben willis of princeton securities and rick santelli, if its tuesday ric t rickster is back again. Hey, ben, so bi
For you here on nbr closed at records today, something that hadnt happened simultaneously since 1999. Back then technology played a big role in driving the markets. A combination of factors that boosted investor oil prices, strong earnings from Department Stores and positive news on the jobs market. Lets get right to those recordbreaking numbers. The Dow Jones Industrial average added 117 points to a record 18,613. Nasdaq up 23 to a record 5228 and the s p 500, ill say it again, gaining 10, a record 2185. As for domestic crude, it settled up more than 4 on comments from the Saudi Oil Minister about possible action to stabilize prices. Bob pisani at the New York Stock Exchange has more now on what drove stocks to historic highs today. Reporter how did we get to new record highs . We did it the oldfashioned way. We rotated into it. For most of the year investors chased anything that paid a dividend, telecom and utilities and Consumer Staples and reits and since the start of the Third Qua
Of the maj indexes we follow for you here on nbr closed at records today, something that hadnt happened simultaneously since 1999. Back then technology played a big role in driving the markets. A combination of factors that boosted investor oil prices, strong earnings from Department Stores and positive news on the jobs market. Lets get right to those recordbreaking numbers. The Dow Jones Industrial average added 117 points to a record 18,613. Nasdaq up 23 to a record 5228 and the s p 500, ill say it again, gaining 10, a record 2185. As for domestic crude, it settled up more than 4 on comments from the Saudi Oil Minister about possible action to stabilize prices. Bob pisani at the New York Stock Exchange has more now on what drove stocks to historic highs today. Reporter how did we get to new record highs . We did it the oldfashioned way. We rotated into it. For most of the year investors chased anything that paid a dividend, telecom and utilities and Consumer Staples and reits and sin
Of the maj indexes we follow for you here on nbr closed at records today, something that hadnt happened simultaneously since 1999. Back then technology played a big role in driving the markets. A combination of factors that boosted investor oil prices, strong earnings from Department Stores and positive news on the jobs market. Lets get right to those recordbreaking numbers. The Dow Jones Industrial average added 117 points to a record 18,613. Nasdaq up 23 to a record 5228 and the s p 500, ill say it again, gaining 10, a record 2185. As for domestic crude, it settled up more than 4 on comments from the Saudi Oil Minister about possible action to stabilize prices. Bob pisani at the New York Stock Exchange has more now on what drove stocks to historic highs today. Reporter how did we get to new record highs . We did it the oldfashioned way. We rotated into it. For most of the year investors chased anything that paid a dividend, telecom and utilities and Consumer Staples and reits and sin