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Welcome to power lunch. Weve got the s p and the nasdaq just above the flat line here in the green. The dow is down by. 1 of a percent. Brent crude back above 50 bucks a barrel. Wti crude up close to 11 over the past week. Both are in bull market territory right now. Take a look at oil stock, a fresh 2016 high. Heres what else is happening at this hour. Twitter suspending 235,000 terrorlinked accounts since february. Twitter says daily suspensions are up 80 since last year. Shares are down over 4 right now. Walmart beating expectations last quarter, thanks in part to groceries. Walmart shares also higher at this hour. Team usa continues to lead the medal count to the rio games. 94 in total. And 31 of those gold. Welcome, everybody. Theres a lot to get to today. We begin with the big breaking news on americas jails. The Justice Department planning to stop using private prisons. That is sending stocks lower, down more than 40 . ....
To say that. But it rang true in the most recent quarter. The Worlds Largest retailer reported its biggest samestore sales ga in four years and topped both earnings and revenue expectations. It also did something many retailers are struggling to do. It attracted more shoppers to its stores. The company lifted its profit outlook, saying things are looking up for the rest of the year as well. Shares rose 2 , making it the bestperforming dow stock today. Courtney reagan looks at whats going right for walmart. Reporter like target, walmart did beat on earnings. But thats where the comparisons end. Walmarts comparable sales were the strongest in three years in the seventh straight quarter of growing traffic. Targets sales fell for the first time in two years on the lowest traffic level in a year and a half. Walmart raises its full youre forecast while target lowers guidance. Whats t reason for the divergence . Theyve got traffic. If yo ....
To say that. But it rang true in the most recent quarter. The Worlds Largest retailer reported its biggest samestore sales ga in four years and topped both earnings and revenue expectations. It also did something many retailers are struggling to do. It attracted more shoppers to its stores. The company lifted its profit outlook, saying things are looking up for the rest of the year as well. Shares rose 2 , making it the bestperforming dow stock today. Courtney reagan looks at whats going right for walmart. Reporter like target, walmart did beat on earnings. But thats where the comparisons end. Walmarts comparable sales were the strongest in three years in the seventh straight quarter of growing traffic. Targets sales fell for the first time in two years on the lowest traffic level in a year and a half. Walmart raises its full youre forecast while target lowers guidance. Whats t reason for the divergence . Theyve got traffic. If yo ....