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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
It involves panty hose, all sorts of things, including even secret elevators. We will talk about that. Plus a physical attack on the wealthy. One affluent town in california has been hit hard. Speaking of wealth, the wealthiest neighborhood in the u. S. Not by zip code or by county. We will go street by street. Tyler is out today. Simon is at the nyse and we will get downtown in just a second. First, that big news on housing. Diana olick is in the house and she has been talking to the biggest name in the business, ivy zelman. The noted analyst famous for calling the top and bottom of the latest housing cycle, last spring she said here on cnbc that we were in housing nirvana. By fall she revised her outlooks down. Today she explained why. I think nirvana took a pause, during that time house prices home prices were surging and we had very attractive affordability and a few months after i was on, we had rates spike about 100 plus basis points and we saw a pause. The consumer was rationall
Be on the hook if the new federal insurance coops do not work out as planned . All that and more tonight on nightly Business Report for wednesday, february 26th. Good evening, everyone. Im gill griffith. Tyler is off tonight. And im susie gharib. Good evening from me as well. Well, you may not know by looking out your window or at the calendar, but the all important spring housing season has already begun. And today we got conflicting and divergent signals about the direction of the u. S. Housing market. Sales of new homes in january unexpectedly shot up by nearly 10 , reaching the fastest sales pace in five years. At the same time, Mortgage Applications last week fell almost 9 . Thats the lowest level in two decades. So how do investors make sense of the data . Which way is housing headed . And what does it mean for home buyers and sellers . Diana olick reports. Reporter it was last spring in an interview on cnbc that housing guru ivy zelman uttered these fateful words. I think were i
Be on the hook if the new federal insurance coops do not work out as planned . All that and more tonight on nightly Business Report for wednesday, february 26th. Good evening, everyone. Im gill griffith. Tyler is off tonight. And im susie gharib. Good evening from me as well. Well, you may not know by looking out your window or at the calendar, but the all important spring housing season has already begun. And today we got conflicting and divergent signals about the direction of the u. S. Housing market. Sales of new homes in january unexpectedly shot up by nearly 10 , reaching the fastest sales pace in five years. At the same time, Mortgage Applications last week fell almost 9 . Thats the lowest level in two decades. So how do investors make sense of the data . Which way is housing headed . And what does it mean for home buyers and sellers . Diana olick reports. Reporter it was last spring in an interview on cnbc that housing guru ivy zelman uttered these fateful words. I think were i