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
More than 13,000 stores in states and in canada. You could not buy it for a dollar. Our chiefbring in markets correspondent, julie hyman, who has a lot more on the merger. What is fascinating about the deal is a dollar tree is smaller than other companies. Icahnstands at carl stake is around nine percent here trying to push for someone Family Dollar. Maybe dollar general, a larger competitor. The ceo is going to be stepping down. Factors that thesis and the question. It has got fewer stores. They are doing 1490, seven 450 per share. We have already seen Family Dollar come up to some extent in anticipation of some kind of deal happening. We know walmart has been in turmoil and they cater to the , the oneomer struggling a bit more in the economy. How are these companies doing . They are also struggling, particularly in the case of damage dollar. It had been under pressure to do it. Dollar stores broadly have been taking share from walmart. Beenme extent, it has going in and out quickly.
Gm, get this, has joined the that canuild the cars drive themselves. Driverless cars. Within two years, gm will offer a handsfree driving system on their cadillac designed to help them avoid crashes. People get into crashes and not the cars themselves. Are watchingry we closely as alibaba. Kicking off its roadshow today here in new york. Joined. , we are you are not too long ago in hong kong. What do we find out in this . Thank you. Good morning to you. If you take a look on friday, we saw four key pieces of information. This will be a record breaking deal in the United States. Priced at 66 billion dollars there it this will be the third most valuable company in the United States for an in dash for Internet Company trades here. Three is existing investors. Ot everyone will be selling the executive vice chairman will be selling. Yahoo has a 23 stake and will dilute themselves. Not is their largest investor, 34 . We actually got a fourpage letter written by the founder where he talks abo
The Vice President is arriving in ukraine. He is the highest ranking official to arrive there to support show support. On sunday, three people died in a shootout at a checkpoint in eastern ukraine. Of both sides blaming the other for what happened here. Questions about who was responsible in this incident. Activistsrorussian and military men and women still arming and still occupying eastern ukrainian cities in terms of their government facilities. Tennesseeican from said unless the russians show a willingness to back down, it is time to turn up the heat in term of sanctions. Unless they immediately begin to move the 40,000 troops on the border which are intimidating the people of the ukraine thomas i do believe we should be sanctioning some of the companies in the energy sector. We should hit some of the large banks there. We should beef up our security relationships with ukraine. He was joined by Top Democrats as well. They called for steppedup sanctions against the russians. That wa
Phil manning has details on the white houses proposed 4 trillion budget. The 1 billion impact for ukraine. Peter cook tells us how the ukraine is fueling the Energy Debate here in the states. Ukraine. The latest on president obama says russian president Vladimir Putin has breached international law. The present spoke to reporters earlier today on the situation in crimea. Thatere is a strong belief russias actions is violating international law. President putin seems to think has a different set of lawyers making a different set of interpretations. That is fooling anybody. Everybody recognizes that, although russia has legitimate interests in what happens in a neighboring state, that does not give them the right to use force as a means of inserting influence. Said heresident also has not spoken to president putin since the weekend. Lets get the latest on the und rumble bloomberg ground from bloomberg. What is the latest in the standoff . Much a tensel very standoff. Theres is an air bas