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Transcripts For KQED Nightly Business Report 20130926

25th. Good evening, and welcome. Call it the walmart effect. If there was ever, ever any doubt about how much walmart matters to the economy, to the stock market, to suppliers and competitors, those doubts were put to rest today. Walmart shares took abrupt 3 dive midday yanking the dow down with it after the press report said the company is cutting orders to suppliers amid sluggish sales and rising inventories. Take a look at an intraday chart of walmart and zero in on that drop. Right there, around 1 30 p. M. Eastern time. As you see, the stock did recover about half of that loss after the company knocked the bloomberg article as, quote, misleading. A spokesman characterized any order pullbacks as category by category, not across the board. Walmart did finish the day about 1. 5 lower on twoandahalf times normal volume. The episode served as a reminder when walmart sneezes others catch cold. Names like costco, target, dollar general, dollar tree and Family Dollar and retrailers werent

Transcripts For KQEH Nightly Business Report 20130926

But now some smaller shops they think may have peaked and that could be a troubling sign for job growth. We have all that and more tonight on nightly Business Report for wednesday, september 25th. Good evening, and welcome. Call it the walmart effect. If there was ever, ever any doubt about how much walmart matters to the economy, to the stock market, to suppliers and competitors, those doubts were put to rest today. Walmart shares took abrupt 3 dive midday yanking the dow down with it after the press report said the company is cutting orders to suppliers amid sluggish sales and rising inventories. Take a look at an intraday chart of walmart and zero in on that drop. Right there, around 1 30 p. M. Eastern time. As you see, the stock did recover about half of that loss after the company knocked the bloomberg article as, quote, misleading. A spokesman characterized any order pullbacks as category by category, not across the board. Walmart did finish the day about 1. 5 lower on twoandahal

Transcripts For KQED Nightly Business Report 20130926

25th. Good evening, and welcome. Call it the walmart effect. If there was ever, ever any doubt about how much walmart matters to the economy, to the stock market, to suppliers and competitors, those doubts were put to rest today. Walmart shares took abrupt 3 dive midday yanking the dow down with it after the press report said the company is cutting orders to suppliers amid sluggish sales and rising inventories. Take a look at an intraday chart of walmart and zero in on that drop. Right there, around 1 30 p. M. Eastern time. As you see, the stock did recover about half of that loss after the company knocked the bloomberg article as, quote, misleading. A spokesman characterized any order pullbacks as category by category, not across the board. Walmart did finish the day about 1. 5 lower on twoandahalf times normal volume. The episode served as a reminder when walmart sneezes others catch cold. Names like costco, target, dollar general, dollar tree and Family Dollar and retrailers werent

Transcripts For WMPT Nightly Business Report 20130925

With its negative comps. Target also had negative at least negative traffic in the second quarter. But i think theres some companyspecific issues at walmart as well that are contributing to that. Very quickly, in that space of discounters, the dollar stores, walmart, target and others, which one do you like best . Well, ive been big on the dollar stores. Five recommendations on all three. My top pick within that space has been dollar tree and ive been big on the off price apparel space, as well, recommending tjx for some time now. Ross stores, which is the number two off price apparel retailer and i think the numbers in both of those subsectors of retail will continue to look pretty good. Right on through the holidays. Okay. Any disclosures to make, patrick . Do you own any of those stocks, your firm . No disclosure, susie. Okay. Thanks so much for coming on the program. Patrick mckiefer Equity Analyst at mkm partners. Weighing on the market, its no wonder stocks did fall today. The s

Transcripts For WETA Nightly Business Report 20130925

But now some smaller shops they think may have peaked and that could be a troubling sign for job growth. We have all that and more tonight on nightly Business Report for wednesday, september 25th. Good evening, and welcome. Call it the walmart effect. If there was ever, ever any doubt about how much walmart matters to the economy, to the stock market, to suppliers and competitors, those doubts were put to rest today. Walmart shares took abrupt 3 dive midday yanking the dow down with it after the press report said the company is cutting orders to suppliers amid sluggish sales and rising inventories. Take a look at an intraday chart of walmart and zero in on that drop. Right there, around 1 30 p. M. Eastern time. As you see, the stock did recover about half of that loss after the company knocked the bloomberg article as, quote, misleading. A spokesman characterized any order pullbacks as category by category, not across the board. Walmart did finish the day about 1. 5 lower on twoandahal

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