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Jim Lebenthal questioned the headwinds of higher mortgage rates on home-improvement spending. Sarat said people may be dissuaded from buying and instead pay for upgrades to their homes. Sarat also volunteered that despite the presence of Amazon, "at the end of the day, people are still gonna go to these stores" because they want to look at the appliances. He also said both companies are "spending money to grow again."
Inspiration GP | Shutterstock Jim Lebenthal said he's looking for a good report from CSCO, based on JNPR's report a couple weeks ago.
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Rick Santelli said if there was "any bite" to this trade bickering, he'd expect the Dow to be down more than 50-70 points.
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Full report from Tuesday's Halftime later. Jim Lebenthal said CSCO is like (his favorite analogy) MSFT of 5 years ago.
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