Markets. The dow swings 300 points. But todays futures are pointing to higher open. A vote could throw the imme menation of the bailout in doubt. Japanese stocks closing in the red despite optimism for the bank of japan. Growth is returning but they will keep a watchful eye on china. The reaction by european stocks this morning is a negative one as you can see. Were seeing red particularly in italy down 1. 34. Now the reaction was sort of simulate yesterday in the u. S. We didnt see a rally, certainly. It was sort of mixed to down and we are expecting a bounce back today for u. S. Equities. The dow expected to open up about 10 basis points. S p similar and the nasdaq just above flat. For this negative reaction weve seen in europe and the u. S. Since the fed meeting yesterday bear in mind that were still in positive territory for the week as a whole and follows stronger performance last week as well. Yesterday a big bounce of volatility toward the end of trade after we saw the fed move
Anna we have yearnings earnings to get through. Guy this is not sexist. Let me make that crystalclear. Anna it is a music reference. Guy the Australian Dollar, absolutely searching. Surging. Men at work, this is a reference to the numbers that came out from employment. Anna questions being raised, particularly in the last two months how we can rely on that data. Lets get to the breaking news of germany. Monthe the giants, as the , 2. 4 6 billionns euros is the Fourth Quarter industrial business profit. The estimate was just 2. 3 billion. , up to 3 big headline billion euro Share Buyback over the next 36 months. That was something analysts were looking for going into this. Lets get to hans nichols. He has more of the back story. Pathway ns the last buyback was about 4 billion. Dividendig headline, a increase, they are increasing the dividends to three point 3. 5 euros a share. It was that 320 it was a 320. Overall margins are flat down. This year for the last year it was 11. 3 . That ma
We get a ball game like broncos and packers on nbc, that could boost Buffalo Wild Wings numbers, especially if the mets make a comeback in the world series after kansas city. Then again, you come back to labor costs, insurance costs, food costs. These are across the board issues facing all restaurants. The disappointment makes some sense. Making these more palpable, two chains got dinged today. Mcdonalds and dominos. Dominos has a monstrous 800 million buyback. Dominos is the antithesis of the typical restaurara stock because it takes franchise fees. These costs are borne by the franchises. Buffalo wild wings has higher in other words, stay away. The saving grace, as these restaurant stocks come down, they get cheaper. Im inclined to wait three or four days to get the lay of the land. Ill be speaking to Howard Schultz tomorrow morning on squawk on the street. That Company Reported what looked to be a disappointing quarter but we cant opine until we sit down and listen to the conference
Consistency. Buffalo wild wings. This has been one of the best performers of the year. A month ago they were trading at 207. Today it fell a staggering 32. More than 17 single session. What went wrong with Buffalo Wild Wings . What didnt go wrong . Samestore sales usually the key metric, showed a dramatic deceleration with franchise staurants seeing a small increase. The quarter to date, theyve only generated 2. 8 increase in sales. Analyses were expecting a 5. 5 increase. Guidance went from 13 to single digits. Ugly set of numbers. So what does this weakness in Buffalo Wild Wings portend for the rest of the group . We saw some serious pin action. Every restaurant chain got hammered. The garden, olive garden, was down. Equity, parent of ihop and applebees, fell. The already beaten down chipotot sank. Now we have to ask, is this selloff justified . Is it right . First, unlike other restaurants, except for chipotle, Buffalo Wild Wings wasnt priced for perfection. Its possible the whole b
Alert forecast, kaj. Plan on a mild, breezy day out there with highs going well into the 50s. The warm front pushing through this morning will be replaced by a cold front by midafternoon. In any event, highs should be hit around the lunch hour with widespread mid50s likely. Tonight into tomorrow, dry weather is anticipated with temperatures still well above normal. Our storm system is still on track to impact eastern iowa this weekend with light rain as early as friday night. For at least the entire weekend, precipitation will stay in the form of rain in all areas, and that rain may be heavy at times. Thunderstorm s are also possible saturday night into sunday. Rainfall amounts of at least 12 are likely with higher amounts approaching 3 in any areas that see repeated heavy rainfall. Creeks and streams will likely respond with rises on the smaller basins likely. Next week, the weather trends cooler, with any remaining moisture going to light snow later monday, if our temperatures can dr