Decline. Reason for that decline was walmart. Shares of the Worlds Largest retail had one o their worst days ever today. The company did report earnings that missedanalysts estimates. And on top of that, its on line sales which had been aar big of its growth story lately, they slowed. Thats not somethingre investor expecting, especially during the critical holiday toarter. So the was down, more than 10 in todays trade. Urt me reagan has more on what happened at walmart. Reporter the Worlds Largest retailer has been on a run for some time, growing sales and its stock price. Butes irs arent thrilled about the health care quarter results. The most recent quarter showed a continuation of strong total u. S. Stale with 14 straight quartersro of gh and in store traffic. They fell short of expectations. And on line sales gw at the slowestace for at least five quarters. The company says much of it was expected because of the an verary of the jet. Com acquisition. The ceo explained on a atypical
there really are. former candidate who was right. i live in washington, one of the fastest growing metro areas in united states. my friends have college degrees and people go to restaurants. so things are trucking along in a certain part of elite america and things are an absolute blood bath in the rest of it. this disconnect i think is leading the the fact that there is no urgency around jobs. in washington, for all the lip service what is really most shocking is, yes, there are two americas. but in the america that s doing well, the thing that shocks us especially in new york is since september 15th, 2008 when the economy collapsed, the rich have not just gotten richer. it s gone into hyper drive i mean hyper overdrive. the rich have accumulated a fabulous amount of wealth as andrew ross orkin said, the biggest transfer of income ever from americans to wall street,
he called it. we had a version of what he s facing now which is that we had done things that were bringing economy back but no one felt it yet. that s a combustible mix. it makes people angry and they ought to be angry. it may make some of your own strong supporters kind of apathetic about whether they should vote. i think he should go to the areas where he can help, and that s what he s doing and he should help them raise funds so they don t get blown away. good morning. it s friday. september 17. welcome to morning joe. we re still in washington. you guys did well yesterday. thank you very much. thank you. good to be there. it was very, very nice of you. you did a great job. you brought out a great counted. thank you. it was good to be there. we had a big crowd, very big crowd. it was fun. these guys weren t there. pat buchanan was on the show. she was on the show. i was there. sam was there. i was waiting to race pat buchanan, but he wouldn t race m