haidi: still ahead, james hardie industries ceo jack truong joins us later in the show. investors are still unhappy with the forecast. next, we are going to be hearing from south korea on the debate on whether the country's women should be subject to military military service. this is bloomberg. ♪ ♪ shery: taking a look at u.s. retailers, walmart shares jumped after posting strong quarterly sales growth and boosting profit outlook. impressive given it faced tough comparatives with last year. home depot showed continued sales growth on top of the pandemic-induced home improvement boom. and macy's delivered solid profits that defied expectations and raised their earnings forecast for the year as a reopening economy helped drive shoppers back to malls. our next guest says despite them having a strong season, the rise in e-commerce will continue. scott crowe is chief investment strategist. great to have you with us. how should investors be playing this in the markets? are we talking about traditional retailers that are expanding into e-commerce, or just more e-commerce-focus

for us, for james hardie in north america one third of our business is exposed to new construction, withereas, right now, as more and more people work from home, there is also a to renovate and re-decide and change the exterior of their homes. that type of activity, lumber is not an issue. for a company like us, where we offer the right solutions in terms of delivering -- beautifying the home, the exteriors, the same time the right protection for the home. so there is an opportunity for our company to continue to grow despite the varying degrees of fluctuation within the market today. >> yet, the markets seem to think your guidance was a little conservative. your stock fell despite the record performance or talk about. >> for us, it really is about continuing to grow above markets by taking a share away from other categories, particular those that require a lot more labor and, for example, in bricks or stones or stucco where it takes longer time to build. and the cost of construction is high. our j. hardie products are lightweight. they are also faster to construct. it is a big valley. w

keep an eye on james hardy this morning, sinking the most since november in sydney after the resultsance. in tokyo, japan and usg gaining. sony shares moving to the downside. the company inked a licensing deal for china, extending its distribution agreement with tencent music which has been cooperating with regulators amid the crackdown on technology in china. >> at&t confirmed a blockbuster deal to spin off warner media. it will merge assets ranging from cnn to the food network. the entity will be valued at $130 billion. the discovery ceo and the at&t ceo spoke with bloomberg. >> john and i are aligned in strategically trying to get the scale above the globe to have -- to be a meaningful scale competitor. to do that, you need great content people love and one of the things we looked at when we launched discovery plus, very strong, great product, great reviews and app ratings. people are using the product for three hours a day. but we looked at what john has, king kong, godzilla, the incredible brand of hbo. game of thrones. superman, batman. we started to think about it as a combust