Gain since july and europe mixed for the time being. Our road map with more bad data from american retailers. Walmart sales and profits below estimates, kohls disappoints blaming on the weather or a weaker consumer. David tepper says theres a time to make money and a time to not lose money. Can you guess what time it is now . Cisco beats as sales fall. John chambers sends the stock higher. First up walmart did report numbers of 1. 10 a share, a nickel below, sales fell for a fifth consecutive quarter. The quarter forecast shy of consensus, weather shaved 3 cents a share off the q1 earnings, and kohls missed with quarterly results. Comps down 3. 4 , but walmart is the real story, jim. U. S. Comps down 1. 4, we were looking for a slightly positive number in this country. Comp traffic down 1. 4, really just not a great quarter. I like to scan these in preparation in coming up in the show and go over the release. Im looking for something positive, something that says double digit. So this
Right . This quarter did nothing it did nothing at all today, at least, the dow climbed 135 points. S p gained. 7 . Nasdaq vaulted 1. 04 . Wow, breaking that streak, huh . You know what, i say good riddance to the first quarter. Because this market slaughtered some of the best highest growing companies and saluted the down and dirtiest industrials and techs that have yet to show any real growth. Im telling you. Now, what they did, they went out of the good and into the bad, and im tired of it. But thats the way it is. Ill talk about a rotation later. No matter, nobody i know was really talking about much about the market today anyway. They were talking about a new book. A book by one of the great writers of our time Michael Lewis entitled flash boys which asserts that highfrequency traders have rigged the market. Rigged the market against you. Do you know what i found was most shocking about this book . How about the fact that anyone finds it shocking in the first place. If you watch t
Crisis. Gm shares are trading near the high of the year and gained 1 yesterday to close at 40. 90. The s p closed at a new high yesterday. The rest of the market at modest gains and loses. Wicked weather continues. Heavy snow is expected to the east. While in the west california Citrus Growers fear freezing temps will damage crops. And, a final farewell to Nelson Mandela today. As 91 world leaders, 4 american president s and masses of mourners pay tribute in south africa. Jim richter of Performance Trust joins us on this tuesday morning. Good morning, jim. Good morning, angie. Were hearing more from the fatheads those fed president s now starting to leak that maybe we will see a taper before the end of the year. How is the bond market reacting . Well the head of the richmond fed president who has been fairly vocal in his opposition to the quantitative easing programs has come out and said he expects a healthy debate and even the st. Louis president who has historically supported all th
Bridge toll plaza. The bay bridge 880 with 1719 minute drive times. The san mateo bridge, 19 minutes, although in one minute we could see some stop and go conditions. On the golden gate it is great from the 101 through marin county, it is problemfree from highway 37 to the Golden Gate Bridge. The latest out of the east bay where there has been a 12 yearold boy right in front of a middle school. Terisa is standing by. Reporter james, a very sad morning. Let me show you at this middle. You can see the flowers and someone has written we will miss you. What a horrible, horrible situation on this tuesday morning. Basically, this is video from the vigil last night. Everybody is trying to get some reassurance from one another and giving comfort about what has happened. Basically, yesterday about 7 40 he was on his way to school and a mother was exiting the school and she struck him. He was wearing his bicycle, the c h p is investigating. Last night, the talk about what a wonderful kid he was.
Names from hollywood, wall street and the white house at last nights state dinner. She will be here to tell us all about it. I am Stephanie Ruhle freezing in new york city. Julianna goldman ripping it up down in d. C. And Erik Schatzker and vail, colorado. Scarlet fu is here holding down the fort early. Getting to the newsfeed. The top business stories from around the world. Starting with home depot planning to add 80,000 temporary workers. Rising home prices the past few years have anchorage owners to bend on property. The senate will likely vote today on the debt limit measure passed by the House Speaker john boehner. He joined the democrats in voting to suspend the debt ceiling for 13 months. Ends three years of republicans using the threat of default to when concession from president obama. Snow and ice storm hitting the south and will then head to the northeast. Just two weeks after the storm or life atlanta, stranding drivers overnight. Washington and new york look it up to four