Kind of quiet on the earnings front. It will get busier as the week goes on. Davos is one week away. I will be in zurich. Lets do a data check. Were looking at stocks and bonds and commodities. The yield is 2. 85 . Crude goes nowhere. Where did the vix close on friday . Nicely under 13. That is interesting. It speaks volumes about a sluggish jobs report. We will talk about that today. 6. 04. Inese yuan, that is a shop for anybody on the asia watch. Were blowing through to east stronger yuan. A good morning to all of you watching in canada as well. It is a twisted weekend. She sort of dressed like tina fey this morning. Scarlet fu with the front page. Were working on that. Page story, the Iran Nuclear Deal will take effect starting next monday. They will stop producing weapons Grade Nuclear fuel. Theeturn, remember that u. S. Will temporarily suspend the economic sanctions. Relief will be worth about 7 billion. It is a step. What size step would you give it . It is a first up. It is the
Recently at costco. Especially when you look relative to other retailers. This is something we have been seeing. Comparable sales up six percent. Especially impressive given what we have seen in the First Quarter given so many retailer said weekly results were due to the weather. Sams club is comparable sales, down half percent. Walmart down 2 10 of one percent. Among the big discount retailers, this is the only one that has seen an increase in comparable sales. Not only an increase, but a big increase. On the other hand, shareholders meet did meet estimates. It seems like a combination of different factors. Higher preopening expenses for some of its stores, accelerated some of its store openings. Fewer shares in the quarter contributed to some of it as well. Membership fee income, which may have been due large part to courtesy currency headwind. Areall, we see the shares down 7 10 of one percent. Commentary i have seen has not been that negative, saying essentially weak numbers are in
Longstanding relationship between ferrari and formula one may be in jeopardy. Megan hughes reports congress is looking at highfrequency trading. We begin with a bloomberg exclusive, oracle close to a deal to buy a Software Provider for more than 5 billion. Thanks for your time today. A bit ofk the deal is a surprise. I have been talking to some analysts since we reported the micros was not one of the top candidates to be bought from oracle, from the people i spoke to. Oracle has had trouble getting into the Cloud Services businesses. Some people thought they would company, andased this is one that works with hotels and various different retailers. Oracle owns several Companies Like this already, and yet, they are moving further into this business. The other thing is, with my gross, a lot of people own the stock and were short, so a lot were betting against it. It rose on our story. What is the goal here for Larry Ellison . Salesrters of sluggish growth for oracle. Is this something he
My favorite store, im not so sure about that. But it is one of my favorite stories. There is a deal that should keep this company out of bankruptcy. A person familiar with the matter says investor standard general will give American Apparel 25 Million Dollars to pay off the 10 million loan and in exchange get to overhaul the board. Julie hyman has been on the story for weeks now, in part because there is such a captivating figure at the center of the American Apparel story, the ousted ceo. It is fascinating because of him even though he is not involved, especially in this current situation, in the current phase of the news. 25 million is coming from standard general. Standard general is one of the companys the guest investors, recently struck a deal with charney whereas whereby it lent him money to increase the state in American Apparel to 43 , but they would essentially have control of that. He could not vote without the approval of standard general. Are they his ally here . He is the