Morning as the violence in kiev has left at least two dozen dead. The roadmap begins with netflix youd over verizon as the primetime download speeds allegedly slow. And lets make a deal, cigna jewellers agreeing to acquire zale for 21 a share while one wall street firm suggests walmart should pick up Family Dollar. First up netflix has a bone to pick with verizon this morning and its fios service, according to the wall street journal, the average prime time speeds fell 14 last month as netflix is rolling out a new season of house of cards theyve been in dispute with verizon and other broadband providers how much content theyll carry without paying additional fees. It is sort of a story, david, simon, of two companies but with broad ramifications as we see other deals coming down the pike. Without a doubt. We know this is only going one way which is up as Broadband Usage will only continue to increase as more and more people stream. There are statistics that say 30 of the streaming that
Street despite the impact from the Massive Customer data breach which shaved two Cents Per Share of earnings and cut into sales. Andics inned Quarterly Results from a slew of other retailers that includes lowes, dollar tree, tjx and Abercrombie Fitch and barnes noble. And dream Works Animation down sharply in the premarket after posting Fourth Quarter results that were below expectations but well begin with target, reporting betterthanexpected Fourth Quarter results but saying the massive data breach shaved two cents a share off of earnings and comps down 2. 5 in the period but Gregg Steinhafel said sales trends have improved and u. S. Comes down 2. 5 . I know you were tweeting early about not just what the quarter would mean but the yield at this point and so forth. I have to tell you when i look at target, i expected them to miss the miss. Were happy with minus 2. 5 and the answer is, yes, we are, because a lot of people felt there had to be a sudden dropoff, the comeback is being vi
The next week or something. You didnt say i want this to be for the next seven months. No, not seven months. Its only been two weeks. It has not been two weeks. Three weeks. 3 1 2. 2. 85 . I am so in the money. I couldnt have bought an option any shorter. You could have changed the terms of the deal after we got into the deal. You cant do that. You were right the idea that rates could go lower. Now we have to figure out the market. Yeah. Its concerning, though, i guess this is really the market sitting and taking a look at the jobs number that we got on friday which is well below what had been expected. And taking all this into account with are we ready for tapering and is the economy really there . Youve got goldman. Already were going to be talking about lets keep in mind oh, god, i sound like phil. At the enof the day, 257 is where the dow is. If we build up a lot of fear, and were still above 15,000, thats the way these markets move when theyre in a long when theyre going to keep a
Picture. Analysts are forecasting for this quarter, thats going to be weak Revenue Growth. While we are seeing a reacceleration in gdp growth, that hasnt translated into higher Sales Estimates for this quarter. For q4, Thompson Reuters is estimating a. 4 jump in sales versus 3. 4 that we saw last quarter. Europe will also be in the spotlight this season. Analysts are betting that tech will benefit from the ongoing recovery in europe. Tech companies that have exposure to europe include harmon international, Electronics Arts and priceline. Last quarter, priceline saw an uptick in european sales. Analysts say the European Online travel market could offer considerable Growth Opportunities for priceline and the broader online traffic market, travel market, excuse me, going forward. When it comes to emerging markets, experts have a mixed opinion on business conditions. Last quarter, young brands and nike were cautious on china while General Mills saw strength on its earnings call. Management
A plane land at the wrong missouri plane last night. The flight to chicago midway was scheduled to land at the nearby Branson Airport with a longer runway. Nobody was hurt. Thats the good news. It is not clear whether the plane landed at the airport by accident or whether there was an actual emergency. And picking up on what becky was talking about in news around target, Neiman Marcus is saying thieves stole some of its customers payment card information and made unauthorized charges over the holiday season. No estimate yet on how many customers may be affected. Reuters reporting that target and Neiman Marcus may not be the only u. S. Retailers breached during the Holiday Shopping season. Three other wellknown retailers were hit with smaller breaches than the one that hit target using similar techniques. Walmart tells cnbc it did not suffer any Security Breaches over the holiday, so we can cross that one off the list for that. Meantime, back to becky with a lot more news on target. Tha