This Changes Things hosts Baker Machado and Hope King give a recap of the day's biggest earnings reports. Walmart dips in the e-commerce division as it fights to compete with Amazon. Plus, Home Depot thanks the booming housing market for its uptick in sales this past quarter.
Walmart says sales rose steadily over the holiday season, but online sales growth actually slowed last quarter. Its e-commerce sales in the U.S. grew 23% in the quarter, which is down from 50% in the third quarter of 2017. Walmart cited operational snags as the reason for the dip in their e-commerce business.
Plus. the housing market helps Home Depot hit a home run. The number one U.S. home improvement chain said sales at stores that have been open more than a year rose 7.5% last quarter.
The U.S. added 142,000 jobs in August, below expectations. The unemployment rate fell to 4.2%. The cooling job market raises chances for an interest rate cut.
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