Karen Moscow

The outlook highlights the pressure Walmart's facing to sustain growth under its new chief executive, John Ferner.

Strong results recently catapulted the market cap of the world's largest retailer past $1 trillion, but the company is running up against fierce competition, uneven consumer sentiment, and a lackluster job market, and Walmart shares their lower this morning down 3%.

Meanwhile, Deere is jumping up more than 5%.

It boosted its annual profit outlook as the world's largest farm machinery maker anticipates the agriculture economy will get better soon.

Sources tell Bloomberg OpenAI is close to finalizing the first phase of a new funding round that's likely to bring in more than $100 billion.

It's a record-breaking financing deal that would give the startup additional capital to build out its artificial intelligence tools.

For the first time, Steve Cohen, the billionaire owner of the New York Mets, tops Bloomberg's annual list of the world's best-paid hedge fund managers.

Cohen's take from his hedge fund, .72 Asset Management, totaled a cool $3.4 billion last year, and that's according to Bloomberg calculations.

At the Olympics, Norway continues to lead the medal count with 33 overall and 15 gold.

The U.S.

is third with seven gold medals and 24 overall.

Taking a look at futures this morning, stocks are retreating as concerns about a possible conflict between the U.S.

and around Saps risk sentiment.

S&P futures down 0.2%, Dow futures down 0.25%, Nasdaq futures down 0.4%, 10-year Treasury yield 4.09%.

And that's news when you want it with Bloomberg News Now.

I'm Karen Moscow and this is Bloomberg.

And I'm Karen Moscow.

And there's more fallout in the U.S.

from the Epstein files.

Nathan, billionaire retail mogul Les Wexner testified behind closed doors about his relationship with the late sex offender to Democrats on the House Oversight Committee.