Big Lots Follows Discount Chains in Beating Retail Peers

Big Lots surged as much as 15 percent in early trading after earnings crushed estimates, extending a run of discount chains outperforming higher-priced peers. Bloomberg's Matt Townsend reports on "Bloomberg Markets." (Source: Bloomberg)

Alibaba Sales, Profit Top Estimates
34:06 - Alibaba closes at a record high in New York after reporting sales and earnings that topped analysts' estimates. Revenue jumped 56%, with profit nearly doubling in the June quarter. Bloomberg's Selina Wang reports on "Bloomberg Daybreak: Australia." (Source: Bloomberg)
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