.jpg)
Update: 6:15 pm Sunday time
Come on Thursday morning, maybe before that, Walt Mart ((WMT)) You will know a lot about the reality of commercial talks between the United States of China this week.
The two sides were “great progress” during the talks after they ended on Sunday
💵💰Do not miss this step: Subscribe to the free daily newsletter of Thestreeet 💰💵
The White House said there was a deal.
Related: The main games brand faces a new threat to the customs tariff plan
The closest person came to say that there was a deal that came from the American commercial actor Jamieson Greer on Sunday. He told reporters: “It is important to understand how quickly we are able to reach the agreement, which reflects that the differences may not have been large, as is the case.”
Chinese officials were not there. Both sides have an agreement on a “negotiation mechanism”, according to Bloomberg. They want to solve differences with the Trump administration and hope to carry out an agreement “as soon as possible.”
Related: Detroit car manufacturers warn
What really means, according to strategists, Michael Brown, from Pepston, an Australian investment bank, is the two sides that agreed to “a wide framework that the two countries can hold more talks, with the aim of reaching a broader trade agreement.”
London -based Brown wrote on Sunday in a memo for customers.
But investors chanted the news. On Sunday afternoon, future futures suggested great gains for Standard & Poor’s 500, Dow Jones Industries, Nasdaq-100 and Russell 2000.
We raise Wal Mart for two reasons:
- Historically, the company obtained many of its difficult goods from China – from games to gardening tools, sponge, sports goods, utensils and pans. Walmart buys its dietary inventory for groceries – from products to meat – most of them are American suppliers.
- The company reports the profits of the first fiscal quarter early on Thursday with a deserving analyst before opening the shares.
And yes, you can bet that many analysts want to know as much as possible on how the tariff affects or will not affect the Walmart works.
They asked these questions in the company’s fourth company’s profit call, which was held on February 20.
However, at the time, CEO Duj McMelon and Senior Financial Positions John David Riny was cautious about the tariff plans of the Trump administration. The case: There were very few details.
“The definitions are something that we have for many years, and we will continue to manage it,” McMelon said.
Now, there will be more meat about the question, especially after the two, when the administration offers a update to the conversations. The update may include discussion:
- The areas of agreement.
- Disagreement areas.
- Any changes in customs tariff rates.
- The deadline for completing a deal.
- Who will sign agreements.
The possibilities are that President Donald Trump and Chinese President Xi Jinping will sign an agreement, unless the talks collapse.
Large and ridiculous tariff rates
Remember: The United States is making 145 % fees on goods imported from China. China receives 125 % of the customs tariffs on the goods imported from the United States
The practical impact of high definitions, in fact, there is almost no trade between the two countries.
President Trump talked about reducing the rate on Chinese goods to 80 %, which may not have a little effect on the situation. Trade Minister Howard Lootnick spoke during the weekend about a 34 % tariff rate.
The Chinese delegation did not speak publicly after the end of the Geneva meeting on Sunday. Therefore, we do not yet know if there are new tariff rates on the table.
Why is walmart very interested
All of this will be of the interest of Wall Mart for at least two reasons
- McMillon CEO was one of three retail executives who told the president at a White House meeting in April that the customs tariff was so extreme that store shelves would be empty by summer. The others were a target ((TGT)) CEO Brian Cornell and Home warehouse ((HD)) CEO Edward Decker.
- Also, Walmart runs at least 336 stores in China now, and one supposed to open more.
In February, Walmart expected the first quarter sales worldwide to grow by 3 % to 4 % from last year. Operating income will grow 0.5 % to 2 %. The profits will range from 57 cents to 58 cents.
Wall Street’s profits is 59 cents. The revenue estimate is $ 164.7 billion.
Walmart shares succeeded in the fluctuations of the extremist stock market last month well. The shares decreased by 7.3 % in the two days after President Trump announced the customs tariff plan on April 4. It decreased by 8.9 % of the closure on April 2 before starting recovery.
As of Friday, Walmart shares increased by 7.1 % over the year.
More retail shares:
- This ascending trend scares the alcohol industry
- Home Depot, Walmart clients get good news after intimidating the tariff
- Amazon customers get bad news for the next peak day
Walmart, which ended on Friday with a market capital of 773.8 billion dollars, is composed of the 500 Standard & Poor and Dow Jones Industrial EX time.
Indexes decreased by 3.8 % and 3 %, respectively, in the year.
Walmart profit before the revenue throughout the year is applied to each share in the so -called wonderful 7 shares. Microsoft ((Msft)) The return is 4.1 %. Timing ((Timing)) The 26 % decrease, and Apple remains ((Aapl)) It is outside 20.7 %.
A crowd of profits
Walmart is the largest report on a crowded week. Also report this week is:
- Monday: Fox Corp ((Dread)) And the Simon Property Group ((SPG)) .
- Tuesday: ICI Bank ((son)) Chinese online retail seller JD com ((Dinar)) And the TENCENT Music Entertainment Group ((Tme)) .
- Wednesday: Download Cisco Systems ((Csco)) .
- Thursday: Ali Baba Holding ((Pope)) Chinese internet company; The equipment manufacturer of farm ((to)) ; The manufacturer of the manufacturer of applied materials ((very)) ; And the interactive program to move ((TTWO)) Publisher of the Grand Theft Auto series of video games.
- Friday: Toyota auto company ((TM)) And the electronics giant Sony ((Sony)) .
Related: The Veteran Fund Director reveals the prediction of the S&P 500
