Compared to the same period last year. And weak sales have already hit other big box retailers. Sears which owns and runs sears and k mart shows aunderstand nod quarterly losses from lower sales. Last week, both controls and walmart, which is americas biggest retailer by far, reported disappointing sales in the three months between august and october. What is more, all four big box changes have revised their Holiday Outlook lower which probably means big discounts all around for holiday shoppers. A new report put out by i. H. S. Global insight, an Economic Forecasting firm, predicts that this years Holiday Season will see sales rise just 3. 2 compared to last year. Now if thats true, it would make for the weakest growth rate, the slowest growth rate for holiday sales since 2009. Wac when the country was just coming out of a recession. Now, all of those lower forecasts have the big retailers scrambling to attract your shopping dollars. They are about to run aggressive t. V. Promotions a
Rules, the move came after republicans continually blocked president obamas executive and judicial nominations. It will now take a simple majority vote to approve most appointments. After more than a decade in prison, kennedy cousin is free tonight, he was released from prison after the hours ago on 1. 2 parkland Memorial Hospital dollars bail. He was sentenced to 20 years to life in prison. After being convicted of killing Martha Moxley in 1975, last month a judge ruled his attorney failed to represent him properly. Those are the headlines real money with ali velshi is next. Big retailers and battle over your walt et. I will show you hour their pain could be your gain. The woman soon to be at the center of an 85 billion a month debate in washington. I will tell you what it means for you, plus, the incubator on a College Campuses that is latches little businesses. This is real money. This is real money. You are the most important part of the show, so join our live conversation, for the
In fiveyear notes and well be watching the price of gold today as well. The precious metal dropping 2 yesterday. That was the worst day in six weeks. You can see right now its trading at 1,264. 70 an ounce. Andrew, over to you. Thank you, becky. Welcome back. We have corporate news, tech news, talking about re code. General electric Ceo Jeff Immelt is in france, meeting with president hollande, also with the countrys economic minister to discuss ges bid for alstom. An official in hollandes office says ge has improved its offer for the french train and turbine maker. The comments could suggest a change. This could be a change for the first time for the french government which until now has been critical of ges bid. We will see where all of that heads. In other european news, this morning, the uks fraud office launched a formal criminal investigation into Glaxo Smithkline amid claims of foreign bribery. The Company Faces claims in china and four other countries. Weve talked about this be
Finally, it is cold out there. I had to wear my heavy coat and winter scarf and gloves. That is why it is a theory that there you go. All right. Lets move on to the big three. Julie hyman is keeping an ion it for us. Lets start with the biggest incline in the s p 500. Lab corp. Of america. A lab testing company. The Company Shares are down very sharply after the 2014 forecast missed estimates by a wide margin. It is estimating six dollars and . 50. Analysts are looking for more than a dollar more. Basing this on a challenging torating environment uncertainty over the Affordable Care act and reimbursements for that. Global, one of the biggest incline is today. Its forecast is also missing estimates. Prices have been under pressure because its clients are not spending as much on the equipment joy global makes. It is the best performer in the s p on speculation Discovery Communications might make a banner for the media company. People familiar said during a routine discussion, scripps cam
Made contact with his wife. She says he called her and said hes a little sad but doing okay. Hes being held in a correctional facility. He also said he may appear before a judge on friday or saturday. The news continues. I want to turn things over to don lemon and cnn tonight. This is cnn tonight. Im don lemon. And weve got to talk about what we heard from the president of the United States today. Because lets be clear, this is not politics as usual. This is not normal. This is the president going off the rails during an official taxpayerfunded event. A speech supposed to be about energy policy. But quickly turned into a rambling campaign speech. Joking about calling off the 2020 election. Have they ever called off an election before . Just said look, lets go, four more years. Yeah. Then you want to really drive them crazy . Go to hashtag third term, hashtag fourth term. Youll drive them totally crazy. Joking doesnt make it okay for a president to say lets call off the election. Theres