Some gains at the open expectations are high for the chip makers results after the bell watch apple. The midst of a sevenday win streak with a gain of nearly 13 so far this month. Lets begin, though, with target down sharply on this Quarterly Earnings miss and a sales decline. The retailer did say customers cut their spending on discretionary and grocery. Company did reaffirm fullyear guidance, jim. They guided comps down and came in 3. 7 when you talk to brian, hell be insistent that this wasnt anything that you should find unexpected the thing that im struggling with is he talks about the consumer, in tepid terms walmart didnt walmart told about a consumer thats in good shape and price rollbacks. We didnt get price rollbacks from target until this week. So, im beginning to wonder whether target is out of position versus walmart. Where walmart is really starting to walmart plus represent a bargain. Walmart can also subsidize sales because they have this terrific advertising business t
Two areas of tech doing two distinctly different things. Youre getting buying on the dips in mega cap and selling in the more growthy, high beta type ecommerce names, roblox, shopify, palantir, airbnb, match, uber. All of those are down reasonably significantly, certainly at the top of the list since they reported earnings. All of those mega cap stocks are up week to date. Ask yourself the question, whats the difference between the growthy mid and Large Cap Technology names you just cited and the mega caps, besides the size, whats the main difference to me, the main difference is the mega caps represent stability, represent reliability, and have the ability to cut costs and get their way to better and better earnings each quarter. You cannot say the same, unfortunately, for roblox and shopify. Thats a different driver of those stocks, thats the major difference that gives you the answer to the riddle shopify is fine but the outlook isnt as good as people thought it would be. Airbnb is
that is just residue, what is left from a rescue we hope nobody is in that vehicle right now. what is the process now. is it just wait until you can get to that train and how does the cleanup begin with the train? we are talking about 20 cars derailed. for right now, we are a little bit at the mercy of mother nature. we need the rain to cut back and the floodwaters to cut down so we can get out to the site and access and determine exactly the amount of damage done. we have some heavy equipment we will get to get out there to lift the locomotives and cars back on the track. we will need some driving around to be able to do that. we are waiting for mother nature to cooperate with us so we can get out there as quickly as possible. jeff degraf, pio, public flfg
flf information officer with union pacific railroad. if we can switch back, i want people to see what is happening from kntv. we want to be clear with what we do know whand we don t know. with he don t know if this is a car that was abandoned when the at teres are not as high as they are now. we do see there are authorities waiting at the higher section of this road. a couple of cop cars there and this station is focused in on this area here. we ll reach out to authorities and our affiliates at kttv. we are watching that. a reminder, don t drive through this water. you think you know these roads. you think you know how keep it is. there is a strong chance in storms like this that the road has washed out. even if the road is still there, it only takes a foot or two to wash away a car or carry an suv, we have learned. now, let s go to jennifer grey,