Ukraine-Russia, Walmart and Lowe's, DOJ vs. Google
Update: 2024-11-19
Description
Morning Brief co-hosts Seana Smith and Brad Smith welcome various market experts to explore the impact of geopolitical tensions on stock markets while reviewing the latest retail earnings results.
Takeaways:
- Geopolitical tensions are spooking stock futures (ES=F, NQ=F, YM=F) Tuesday morning after President Biden authorized a Ukrainian airstrike on Russia.
- Walmart (WMT) raised its full-year outlook after topping its third quarter earnings estimates, which saw same-store sales grow by 5.5%. Also reporting earnings, home improvement retailer Lowe's (LOW) may have beat estimates, but the stock is dipping in pre-market trading on the company's slowing sales growth.
- Department of Justice officials are set to ask a federal judge to push for Alphabet's Google (GOOG, GOOGL) to sell its Chrome browser, according to Bloomberg.
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