They really have to make one of 2 choices right choice number one is you have to raise the price on those items so that the consumers have to carry that cost or as a retailer you dont want to anger the consumers so you simply eat the cost yourself. With what theyre left with or both actually because they have to rely on both aspects in order to make their margins work and right now that they will not increase their budget meaning that they will not increase in order to catch up to the rate hikes which ultimately mean that they will end up buying fewer goods overall ok so here we are with the u. S. Retailers say the 15 percent tariff comes along the u. S. Retailers get hurt at christmas time but the chinese retailers they will actually hurt into next year right into next year which is why this year this didnt really impact manufacturing because manufacturers are they got their orders for the Holiday Season from the retailers however these tariffs are not going to extend into 2020 and th
6 00 here are the results just reporting. 2. 53 a share. A penny above estimates. Just short of 27. 52 billion here are the keys for Guidance Company now expects sales to grow by 1. 8 the previous guidance was 2. 3 1. 8 versus 2. 3 comps are 3. 5 previous guidance was around 4 . Lets bring in senior analyst. So the Forward Guidance is below where it was previous . Yes quickly looking at these numbers, there was a sales miss in the quarter also lowering guidance for the rest of the fiscal year. Sales guidance Sales Guidance. Im not sure whether that is a total company or domestic. The street was around five that is a point and a half the street is a full point above where the company had guided the company had guided four. For the quarter ill look at the quarter first the street was around five for the year, the company had previously guided for four they missed roughly a point, point and a half in q 3. They are taking guidance down about 50 basis points. The real message here. It is a
More state money for schools in the coming year. According to the teachers union, about half of the states nearly 300 School Districts will be close while teachers attend todays rally on the day legislators gather for organizational meetings ahead of the 2020 session that starts in january. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Live from bloomberg World Headquarters in new york, im vonnie quinn. Live in toronto, i am amber kanwar. Welcome to bloomberg markets. Stories thatre the we are following from around the world. Home depot woes. Missing thirdquarter sales and trimming its annual Growth Outlook for the second time in three months. Protests continue in hong kong. Stories that we are following from around the world. Officials say the chaos is putting sundays election at risk. And almost showtime. Saudi aramco bankers say there is enough interest to pull
These retailers and take a huge chunk out of their earnings because we havent seen this since 2013 that we had 6 plus days and 2013 was one of the worst years for retailers securities a lot of days but lets also be clear about this so the american retailers theyre obviously going to take the hit them from what youre saying based on christmas so they really have to make one of 2 choices right choice number one is you have to raise the price on those items so that the consumers have to carry that cost or as a retailer you dont want to anger the consumers so you simply eat the cost yourself. With what theyre left with or both actually because they have to rely on both aspects in order to make their margins work and right now all the Amazon Sellers have been feeling this and 72 percent of them have actually increased the price of their goods furthermore the latest market surveys show that while 60 percent of American Consumers say that they are worried about terrorists when asked about the
Worth of chinese goods those tariffs in theory would take effect on december 15th and yes they would hit video game consoles computer monitors Christmas Decorations all the stuff you care about plus thousands of other items so lets talk about this for a 2nd because kristie if december 15th ok is when these tariffs take effect and when the big question for a lot of people is isnt that too late to really affect christmas were talking about black friday has already passed by then cyber monday is already passed by then. With this kind of squeeze in everything for christmas or we still get hit by this you actually start to hit by because while got a lot of shopping does take place during black friday and cyber monday now increasingly more as more sales go online 30 percent of annual sales actually take place between black friday and christmas and almost over half of the shoppers dont even finish their Christmas Shopping until late in december so this will actually be a huge chunk out of the