🚨 ALERT: Walmart shares fell more than 9% in their biggest daily drop since 2022 after weaker-than-expected earnings, wiping about $80 billion from its market value. https://t.co/irc7wn74OD ...

Yeah, I think it's really the US same store sales myth. So when you look at that number and you look at why they missed, I think the misses largely due to the pharmacy deflation issue. And that issue isn't a one time issue.It's not going away just this quarter, last quarter of the 100 basis point impact to the comp sales this quarter was 125. Basis point had been so clearly increasing. And the worry is for the next two quarters, you'll continue to see that headwind.And if trends continue, it could be even m ...

SCARLET: FROM NEW YORK CITI, I’M SCARLET FU. BLOOMBERG "REAL YIELD" STARTS RIGHT NOW. COMING UP, AMERICA’S TOP BOND SALESMAN UNVEILING A PLAN TO DOUBLE BUYBACKS OF LONGER DATA DEBT.BUT MARKETS ARE NOT BUYING THE SHORT-TERM FISSION. YIELDS BOUNCING BACK TO PREANNOUNCEMENT HIGHS TODAY. UNCERTAINTY AROUND STUBBORN INFLATION, FISCAL DEFICITS AND SUPPLY PRESSURE.AND INVESTORS LOOKING TO THE NEXT BIG TEST FOR THE BOND MARKET. FED CHAIR KEVIN WARSH GEARING UP FOR HIS DEBUT AT JACKSON HOLE IN JUST ONE WEEK. WE BEGI ...

I'm Peter Shaknau, CNBC. The market's Wednesday rally is now a distant memory with rising Treasury yields, higher oil prices, and a Walmart sales shortfall, all contributing to the worst day of August for the Dow and S&P 500. The Dow tumbled 704 points to close at 52,759.The S&P 500 fell 67 points or 9/10en of a percent and the Nasdaq lost 1% or 264 points. Those rising crude prices may be one reason why treasury yields have bounced back. But there's another according to Kelsey Barrow, fixed income portfoli ...

And right now we are two minutes away from the end of the trading day. Romaine Bostick here with Sally Bakewell taking you through to that closing bell. It's a global simulcast.Carol Massar joins us from the radio booth. Emily Griffel in today for Tim Sandvik. Welcome to our audiences across all of our Bloomberg platforms.Television, radio. Our partnership with YouTube here on a Thursday afternoon, where bond yields are up and stocks are down about Carol Massar stocks as we speak, hitting session lows. Yeah ...

>> LIVE FROM WASHINGTON DC, THIS IS BALANCE OF POWER WITH JOE MATHIEU AND KAILEY LEINZ. >> PRESIDENT TRUMP SAYS THE U.S. IS WAGING ECONOMIC WARFARE AGAINST IRAN WHILE THE TREASURY SECRETARY WAGES A WAR OF HIS OWN AGAINST HIGHER LONG-TERM RATES. WELCOME TO BALANCE OF POWER. I'M KAILEY LEINZ IN WASHINGTON WHERE THE TREASURY SECRETARY SAYS HE WILL HOLD A PRESS CONFERENCE ON MONDAY ON THE ECONOMIC LEVERS THE U.S. IS GETTING READY TO POLL TO BRING TEHRAN TO HEAL. HE ALSO SUGGEST THE BIGGER BUYBACKS THE TREASURY ...

Earnings out this week from big retailers like Walmart and Target show American consumers keep spending — but they're feeling the pressure https://t.co/oI0ep1ZRST ...

We continue continue to see some stress on the consumer. And if you if you just take the second quarter as an example and you go month by month in June, we saw gas prices tick up above $4 a gallon. And I think there's some psychological uh perhaps impact to that.And we certainly saw among our customers and members that there were more they were more choiceful during that period of time that they're seemingly making tradeoffs because their wallets are stretched. It's why it's so important for us though to le ...

NEWS CONTINUES RIGHT NOW. >> AND GOOD MORNING. IT'S 10 A.M. EASTERN, 7 A. M.ON THE WEST COAST. I'M CHRISTINE ROMANS. LET'S GET YOU CURRENT TRIPLE DIGIT HEAT.BRUTAL TEMPS IN THE SOUTH HAVE SCHOOLS STRUGGLING TO STAY OPEN. PLUS A NEW THREAT OF SEVERE STORMS FACE TO FACE. PRESIDENT TRUMP WANTS A NEW MEETING WITH NORTH KOREAN DICTATOR KIM JONG UN.WE'RE LIVE AT THE WHITE HOUSE. GRIPPING NEW TESTIMONY IN THE TRIAL OF LINDSAY CLANCY, HER LAWYERS NOW ARGUING THE MENTAL HEALTH CARE SYSTEM FAILED HER. AND FIVE AMERIC ...

Retail & Consumer Sector - Walmart reported a rare quarterly sales miss with growth slowing to 2.6% in the last quarter, marking its lowest rate in six years [2][3][71] - Walmart shares fell more than 7% to over 9% following the disappointing earnings report [52][68][141] - Pharmacy business dragged on Walmart due to federal drug price negotiations making drug prices lower [3] - Walmart implemented up to 11,000 price rollbacks while competitors like Target reduced prices on 10,000 items amidst aggressive retail competition [76] - US national debt topped $40 trillion for the first time, more than doubling over the past decade [25] Technology & AI Sector - Meta quietly became one of Microsoft's largest AI customers, spending hundreds of millions of dollars a year to access AI models through Microsoft's Azure cloud services [6][163] - Alibaba reported underwhelming earnings with profits plunging more than 75% as the company increases spending on AI while Chinese consumers pull back [122] Macroeconomic & Market Dynamics - US Treasury 30-year yields and bond markets faced continued pressure, remaining just a few basis points away from levels seen prior to the Treasury buyback announcement [24][87] - Brent crude oil prices climbed, trading around $93 to $94 per barrel [50][120] - Private buyers of US Treasuries, including mutual funds, foreign investors, banks, and households, now hold 70% of Treasuries compared to 30% a decade ago [20]