30 days until you know what. So were going to talk about where americans are going to be shopping this year, what they will be buying and the retailers that are set to win. And those that will be left out in the cold. Speaking of cold, there are some look at that, i dont know what that it is but looks bad. Snow, of course. That would be cold. Major headaches expected for travelers as we head towards that thanksgiving holiday. Big winter storm stretching from the southwest to the eastern seaboard. It will be coming up the west as i show you there. Well track it first to sue at the new york stock exchange. Clear sailing down here but were watching shares of walmart, the biggest retailer announcing a ceo shakeup. The timing is raising questions as we head into the crucial hol kay season. Walmart shares are up about twothirds of a percent, the stock up 17 this year lagging the market. Courtney reagan here with the retail detail. Good afternoon, sue. While walmart didnt allude to the fact t
Around 527, roughly you there. That is not much of a bounce back. Nicole so many issues are happening. The first one in the center, the fiscal cliff as you are noting when you talk about dividend and the taxes that are set to ensue next year in 2013, were seeing the selling, and telecom and that is the trend, those are the ones that would be directly affected. As far as apple is concerned 7 is a high. The question is when are they getting back to those levels, Hedge Fund Managers getting out, and are we waiting for another product . Stuart what new revolutionary product has apple on the horizon which would lifted back to 700 a share . It is down 8. 5 just above the election day. Tax advantage of selling now. Nicole you could do a whole show, state tax, a payroll tax, it is your show. No ahead. Stuart if you sell now and take your profit now you pay 15 Capital Gains tax. If you wait until next year and president obama wants you to pay 23. 5 Capital Gains tax. Same store with dividends.
Plan until theyre 26, thousand dollar, 500 discounts on Prescription Drugs for seniors on medicare. So 85 percent of the population, whether they know and not of the last three years have benefited from a whole set of the provisions of the law. By the way, if it were to be repealed you would be taking away all those benefits from folks who already are enjoying them. You had the sub portion of the population, 15 , either dont have Health Insurance or by any individual market. And that is still millions of people. And what were doing is creating a marketplace where they can buy insurance and we can provide them some tax credits help them afford it. The basic structure of that law is working, despite all the problems. Despite the website problems, despite the messaging problems, despite all that, it is working. And, again, you dont have to take my word for it. We got a couple Million People who are going to have Health Insurance just in the first three months despite the fact that the fir
I am Olivia Sterns. Also coming up, unilever sells the sauce. Find out why it is shedding ragu and bertolli. We will tell you about the tech trayvon protest against russias role in ukraine. It is russias biggest gathering of Business Leaders. This year is one of the most controversial. Joins us from the st. Petersburg International Economic forum. You have been covering the summit and russia for over two decades. What is different this year . What is different is who isnt coming. What is interesting is why. You look at american ceos. They arent coming this year because the white house told them to stay away. It is not just the u. S. Ceos. A lot of European Companies arent coming. Even international organizations. The ifc, the world bank, they are all staying away from this for him. There is a clear signal that the International Community is trying to send through this business for them to president putin that if you want to go forward in ukraine, you will be isolated. This forum will g
Headlines. Ibm will stop reselling technology. Theyre trying to steer customers to ibm products. That is according to an internal memo. This is a big blow to net apps. The founder and ceo is worth 1. 6 billion after his company went public. It sells all sorts of products directly to consumers. It is the biggest Chinese Internet Company in the u. S. For now. It is a massive deal expected later this year. Google ranks as the Number One Company for pay and benefits in a new glassdoor survey. Tech companies dominated. Intuit at number six. The survey found that the average base salary is 128,000. That is slightly lower than apple. To our lead story. Hewlettpackard is facing a critical time in its history. Sales fell 1 in the second quarter. This was the 11th straight quarter that sales have declined. The company did post a higher profit. Stock is gaining today. There were new cost cuts. The total number of cuts is nearly 50,000. For meg whitman, cutting costs is one thing was stop boosting