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DuPont, 3M Dragging Down Markets After Earnings

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  • Description

    FBN’s Nicole Petallides breaks down the stocks moving the markets.

  • Duration 1:35
  • Date

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This transcript is automatically generated

Exchange right -- unit called big sell off.

I think -- because primarily.

There are two big names too big down companies that don't responsible for a lot of this -- go.

That's right a couple of -- that we touch on top of the show DuPont.

And three ask both of which are warning about their -- -- came out with a quarter that was fine but a soft global economies they're cutting their numbers.

And then you have DuPont morning on demand for that and so you are seeing -- these days and dal points DuPont 28 negative -- points 3M twenty to negative doubts.

So it's bad profit bad outlook it's not politics that pushing this down down to thirteen 17 -- as we speak.

But I do want to look at one winner.

We concentrate on the content that we -- bring up Coach.

I find that democratic luxury products thanks that's what's my name for it is but it's it's up today what only woman.

-- it is -- luxury it's upscale leather goods from bags to men's wallets and such.

-- doing quite well today when you -- media barrel here more than 6%.

It was you know she said that's very interesting they said North America.

And China are back where they saw slowing sales -- the quarters prior and we heard that from Tiffany we heard that from Burberry.

What we're hearing today from -- is a completely different picture this and they're back and they're seeing double digit percentage growth.

In those -- areas from.

That's a contradiction to what we're hearing from a lot of the mainstream companies -- you can put -- -- coaches and how.

-- an outline -- -- go to different outlook that's an issue.

I'm surprised to hear it frankly.

Article thank you very much indeed.

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