Walmart is in a slump. It reported a drop in Second Quarter profits and missed wall street earnings estimates and said growth for the full year wont be as strong as thought. On the bright side, more shoppers are shopping at walmart here in the u. S. And spending slightly more but costs are rising faster. Today, investors sent shares of the dow component down to a 52week low thinking walmart, the worst performer on the Dow Jones Industrial average for the day. Courtney reagan has more on the company that many consider to be a barometer of the consumer economy. Reporter while walmarts u. S. Comparable sales improved for the fourth straight quarter and sales traffic increased, it wasnt enough to keep the retailer from significantly lowering its full year earnings guidance. There are headwinds that cut into the quarter, many of which walmart expects to continue, including increased employee hours at now higher wages, lower reimbursements from prescription drugs. Walmart explains that shrin
Walmart is in a slump. It reported a drop in Second Quarter profits and missed wall street earnings estimates and said growth for the full year wont be as strong as thought. On the bright side, more shoppers are shopping at walmart here in the u. S. And spending slightly more but costs are rising faster. Today, investors sent shares of the dow component down to a 52week low thinking walmart, the worst performer on the Dow Jones Industrial average for the day. Courtney reagan has more on the company that many consider to be a barometer of the consumer economy. Reporter while walmarts u. S. Comparable sales improved for the fourth straight quarter and sales traffic increased, it wasnt enough to keep the retailer from significantly lowering its fl year earnings guidance. There are headwinds that cut into the quarter, many of which walmart eects to continue, including increased employee hours at now higher wages, lower reimbursements from prescription drugs. Walmart explains that shrink in
Walmart is in a slump. It reported a drop in Second Quarter profits and missed wall street earnings estimates and said growth for the full year wont be as strong as thought. On the bright side, more shoppers are shopping at walmart here in the u. S. And spending slightly more but costs are rising faster. Today, investors sent shares of the dow component down to a 52week low thinking walmart, the worst performer on the Dow Jones Industrial average for the day. Courtney reagan has more on the company that many consider to be a barometer of the consumer economy. Reporter while walmarts u. S. Comparable sales improved for the fourth straight quarter and sales traffic increased, it wasnt enough to keep the retailer from significantly lowering its full year earnings guidance. There are headwinds that cut into the quarter, many of which walmart expects to continue, including increased employee hours at now higher wages, lower reimbursements from prescription drugs. Walmart explains that shrin
Elites benefit from global capitalism with former greek finance m minister Yanis Varoufakis. Is due book, adults in the room my battle with europes deep establishment. Is a process. You cut government spending, increased taxes in order to balance the governments books but you fail. Yes, you reduce government expenditure, but on the other tax, the economy shrinks so a reduced and your books dont balance a you cut even more. It shines even further and cut more, so it is a neverending downward spiral. Amy then six weeks after Hurricane Maria hit puerto rico, millions still lack clean Drinking Water and electricity. Just back from puerto rico, we will bring you a report from the interior where the storm has exploded t the fault lines of poverty and austerity. My name is carmen. Everything here was destroyed. It is not t easy to be strugglig like this, doing everything by hand. There are Sick Children and elders. That is how it is here. My father vanished. He died. So that hasnt been easy f
Deep establishment. Is a process. You cut government spending, increased taxes in order to balance the governments books but you fail. Yes, you reduce government expenditure, but on the other tax, the economy shrinks so a reduced and your books dont balance a you cut even more. It shines even further and cut more, so it is a neverending downward spiral. Amy then six weeks after Hurricane Maria hit puerto rico, millions still lack clean Drinking Water and electricity. Just back from puerto rico, we will bring you a report from the interior where the storm has exploded the fault lines of poverty and austerity. My name is carmen. Everything here was destroyed. It is not easy to be struggling like this, doing everything by hand. There are Sick Children and elders. That is how it is here. My father vanished. He died. So that hasnt been easy for us. We are alive. We have to thank god amy all that and more, coming up. Welcome to democracy now , democracynow. Org, the war and peace report. Im