Retailer issues weak guidance, announces the cfo will step down. Toll brothers is going the opposite direction. Sold more homes at higher prices driving up numbers for latest quarter. And facebook responding to claims that its trending topics are skewed by political bias. The revamp for that company is coming up. But first up, best buy shares falling in the premarket. The Electronics Chain issuing weaker than expected guidance for the quarter, First Quarter results did beat consensus, but domestic comps were essentially flat. Sales growth and wearables, home theater and appliances offset by some weakness in phones, tablets and gaming, but chair is leaving and at least citi for their part today says that means improvements from here on out could be limited. Yeah, i saw that downgrade. Well timed downgrade because the stock was starting to creep up. When you look at the actual numbers they did and look at their future, they kept their guidance, i didnt think it was all that bad but the d
Restructuring and lowering guidance. Shares of valeant are down sharply this after an earnings miss and sharply lower guidance. Well give you the latest on the stress theyre feeling over at valeant. And the viacom saga continues. A hearing is taking place right now in massachusetts. Weve got the details. But first up, futures rising a day after comments from janet yellen propelled the s p to its highest level of the year. The fed chair expressing optimism about the economy and said she sees rate hikes ahead but gave no timetable for a tightening. If incoming data are consistent with labor Market Conditions strengthening and inflation making progress toward our 2 objective, as i expect, further gradual increases in the federal funds rate are likely to be appropriate and most conducive to meeting and maintaining those objectives. She did call the jobs number concerning, disappointing, raising questions. Feds going to wrestle with it and drop that phrase in the months ahead. Right. Well,
It is the top of hollywood. That is designating health care rights, coming to light in explosive new Court Documents as the battle for the media empire heats up. We have a special report on this intriguing new stories and why shares of viacom rallied today. But first a handful of stocks. Nike, home depot and lowes, hitting a twoweek high into the make or break time for the consumer. Grasso, the xrt, 50 day moving average, i know you like levels, is that good news for retailers. It is. It is a problem because when you look at names that are isolated that are a handful doing well. We know the names, home depot and nike. Amazon. The ultimate Consumer Discretionary name up 117 yeartodate. Home depot is over bought on rsi, relative strength index. It works it off nicely. When it does work it off, it makes another new alltime high. When you look at nike, does the same type of thing. So you see these people, investors of which im one, exit the trades an then rush right back into the same name
Saved kur consumers a lot of money. The other thing when we go to save rules or law in financial area to protect consumers were met with criticism its going to dry up access to credit. Nobody will lend if they have to protect consumers, like its a horrible, unmentionable, impossible to understand objective. In this case, what we were able to determine was that the access to credit issues were limited. To the extent there was constriction in access to credit parcelled out in the crisis which caused restrictions on access to credit, they were in terms of product lines utilized by consumers, theres still plenty of unused product line. It was cut back in that regard. Some intended by the act. There were a lot of concerns about College Students going off to college, leaving home, having credit cards actively marketed to them and getting into credit where they had no apparent income to repay. I remember when i was treasurer in ohio hearing a lot of heartburn about that. That was intended eff
Protection bureau. She would write a poem and illustrate it. We have two examples here from when she was about 10 years old. Jaclyn bouvier entered a well known writing contest. Her winning essay was a self portrait. Who are three people in history you wish you had known . Are arst two she mentions french poet and oscar wilde, the author. Jaclyn bouvier was hired as this inquiring camera girl for the Washington Times herald. One column that we have on is where she interviewed our first ladies series. Sunday at noon on cspan. Perseus continues monday as we look at first lady lady bird johnson. Richard cordray took questions from member of the Senate Banking committee. Senator tim johnson of south dakota is the chairman. [gavel] i call this hearing to order. Welcome back to the committee. Congratulations on your senate confirmation. Continuere today to our work of oversight of the cfb. Giving us time to import overview the important work, par them to make responsible Financial Institutio