Good morning, you're tuned in to Markets Desk.
Bath and Body Works is holding its line. The retailer reaffirmed its two thousand twenty six guidance this morning, projecting net sales to fall somewhere between four and a half and two and a half percent against fiscal two thousand twenty five, with earnings per share expected between three dollars and three twenty five. The company also named Tom Javitch as interim CFO, signaling a leadership transition even as management insists the financial outlook remains intact.
Shifting to the technology front, the conversation around SpaceX's anticipated public offering is heating up, but analysts are urging retail investors to pump the brakes. The company is targeting a valuation of one point seven five trillion dollars, which would make it the largest IPO in Wall Street history, with a June twelfth debut date circulating. The caution here is real — pre-IPO mechanics often favor institutional players, leaving retail participants exposed to significant volatility on opening day.
And in the advertising world, Google's IO conference has marketers scrambling to reassess their playbooks. The wave of AI search and agent announcements is reshaping how brands think about visibility, as traditional keyword strategies face pressure from generative results that may simply answer queries without ever surfacing a paid placement. CMOs are watching closely, and the stakes for ad spend allocation could not be higher.
That's the tape. Markets Desk, signing off the floor.
