Mortar retailers led the market today. Even though it marked time awaiting tomorrows job market. Indeed rising 2. 5 . Despite the churning and fl flopping, the stocks of so many household retailers, kohls, macys, nordstrom, target,elle bra brands, bed, bath and beyond and costco all soared. While amazons winning streak finally came to an end with the stock, up 20 for the year, down 11 bucks today. What happened . Are people suddenly going back to the mall . Are people saying, i want to try things on . Today was a relief rally and numbers came down too far too fast and numbers werent quite as bad as people had feared. Definitely not good numbers but when youre as negative as most Portfolio Managers have been on retail it doesnt take much to get it raising. Consider when smokey the bear suggesting a few burning embers left over from a campfire could burn down the whole forest. Today, we had a forest fire in retail. In the last few weeks we had pretty horrendous retail stories out there i
November. Ibm is set to weigh down the dow today. Notching the 20th straight quarter of year over year revenue declines. Plus, a border tax replacement. The white house considering a elimination of state and local deductions needed to pay for tax cuts. Some drama at 21st century fox as advertisers flee. Reports that primetime star bill oreilly is now all but out. It would be the third major departure for the network in the last year. Ibm bills down sharply in the premarket. The miss on the quarterly revenue overshadowing the sales beat. Down for 20 straight quarters. Ibm had an 11 quarter streak of opening lower on earnings. That was broken last summer. Now appears to resume. Yeah. Look, this was a kind of quarter where they actually didnt close certain business anded that they closed and had they closed certain business, you know what, things are on target. The Gross Margins are not done as much as they were. The signings are surprised that they did misit miss it. We accept it for qua
Officer was found gunned in his police car and he was taken to the hospital where hh died. Theres a clear and present danger to other officers out there and to the public of course. I just got an update that schools in that city of urban dale are closed today. Theyre telling everyone to not come to School Buildings because that suspect is still out there. The names of the officers kills havent been released, but well follow this. But first right now, lets give you your first alert forecast. Were i special treat today. Meteorologist lisa hidalgo and stacy are in the field. Theyre joining us from the littleton and the rtd station where theyre hanging out with first alert freebies for us today. Reporter we have free coffee on a wednesday. This isnt friday that were giving away free coffee. Say hello to those ladies at the restaurant and stacy. Shes brightened up in her red jacket. Were going to be here from 5 00 to 7 00 giving away free coffee. That exact minute when you need to get on th
Francine welcome to the pulse. Live from bloombergs european headquarters, i am francine lacqua. We have a great show lined up. Couldng to chris ailman also joining us later on, maurice leavy. Will be spinning to alex a mordashov. All our exclusive interviews. Lets get straight to the markets. The the picture european stocks. I want to see you again at 103. 9. There is more concern after Central Banks japan spurred concern that the Global Economy is losing momentum. Refraining from using Monetary Policy. This get to the bloomberg first word news with nejra cehic, nara. Nejra the yen jumped to a 22 month high and japan extended losses. Governor kuroda says he will not hesitate to ease further. The Swiss National bank has kept Interest Rates unchanged, conserving animation conserving ammunition. It has the potential to come to kate monetary easing desk to complicate monetary easing to come to kate monetary easing. The frank reminds the frank reminds overly valued. Minister saysy there is
Our reporting, apparently the team at sab miller is set to order a halt to integration with ab inbev. According to reporting by Thomas Buckley, sab miller management has asked employees to stop work on integrating its operation. this is according to people familiar with the matter. The cash portion of its offer for sab miller, but there were investors not content with the level of that offer. You can see anheuserbusch shares falling off as these headlines across. Sab miller had already closed in London Trading when the story came out. It is not as heavily traded that is the disclaimer here. We also sought reaction in multiple cores. That is the Company Expected to get the remaining portion of its joint venture with sab miller and United States if this deal goes through. We saw those shares falling off as well. We will bring you any develop its that we have, but it would obviously be a big deal at this deal did not go through. What about the Broader Market . Seems as stocks were shruggi