, larger than the 923,000 expected by economists polled by Dow Jones.rose about 5% in the premarket after the Victoria's Secret parent company posted a quarterly revenue that beat analyst expectations. The company said sales came in at $2.32 billion, topping a Refinitiv estimate of $2.21 billion. L Brands also said comparable sales for its Bath & Body Works division rose 87% on a year-over-year basis.
The comments came after President Donald Trump said Tuesday that he canceled scheduled trade talks. Top U.S. and Chinese trade officials — U.S. Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He — were supposed to hold a video call last weekend for the review. Tensions between the two countries have escalated as of late with the Trump administration imposing sanctions on Chinese officials over Hong Kong and banning transactions with popular Chinese app TikTok.
The company said it "believes that its common stock is at the time of this announcement trading well below intrinsic valuation, and that these repurchases are prudent at this time, given the strength of the company's balance sheet." Intel suspended its buyback program on March 24, after announcing the $20 billion repurchase program in October 2019. Shares of Intel have shed 19% this year.minutes from the Federal Reserve's July meeting
showed that central bankers remain concerned about the pandemic's impact on the economy. The meeting summary said Fed officials "agreed that the ongoing public health crisis would weigh heavily on economic activity, employment, and inflation in the near term and was posing considerable risks to the economic outlook over the medium term.
elerianm We closed the week out in style here, at the AI algo room. Top gainers $MTP +86% $MATN +20%~ $UAVS +122%~ $GLG +37%~ $STIM up 179% $SOL up 38% follow TheRealDaybyDay or sub at Don't miss out on next weeks action!! Do have a lovely weekend chao!
elerianm I like Twitter now!
Dame4VT elerianm For anyone who thinks capitalism is the problem...this interview demonstrates that the American economy is not a strictly Capitalist economy - it is mixed, and the Government interference has created massive problems.
elerianm Consolidation of power.
elerianm How about: a. Stop the investor's greed and hunger for easy money, and the ever growing demand for corp. profits b. Change Corporations' role from profit-driven machines to a more socially conscious institution. c. Increase Wages (flat in last 30 years) d. More inclusive
elerianm The rich have been getting richer. Free money through stocks while everyone else suffers. This will not end well
elerianm Mohamed is correct.
DowdEdward elerianm In times like these, simple rationality stands out like a beacon in the night. I wish those in charge would steer the boat toward that light.
elerianm Well said Mr. Erian!
elerianm My last haircut was Father's Day weekend. The way Ventura & Los Angeles Counties are trending on the CA monitoring list next one may be Veteran's Day - if any businesses are around to reopen.
elerianm The well-being and quality of life for generations of Americans has been sold out for higher stock prices....it's clear...by an alliance between the White House, US Treasury and The Fed. Yet the media and political leaders are silent...because they're benefitting from it.
elerianm the system sounds Darwinian
elerianm Most of the European countries reducing dependency on China. There are no steps from WH to reduce dependency on China due to fear about stock markets crash. China is making alternative plans for their tech companies.
elerianm I have an idea...why not let markets be markets and stop with all of the financial engineering?
jdickerson elerianm Guess why...
elerianm Is this breakout from the multi year megaphone sustainable? Have we left the dashed yellow long term trend line permanently?
elerianm Becky seemed to not being paying attention. Is she an inflationist? Mohamed the whole system is rigged because of stocks. The media is in on it early.
elerianm I know what needs to be done. The damage must be fixed. We need to be restored. Reparations. I can help bridge divide Mohamed.
elerianm Corporate Cronyism at it’s finest
elerianm soon
elerianm We need your help. Serious help.
elerianm must be watched
elerianm should be watched
elerianm Mo worried.. Mo been doing stand up
elerianm Wierd interview questions. I'm sure the guy has had to repeat himself twice 'coz Becky wasn't registering what he was saying. 'What do we do?' , 'How?'🤨
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