Walmart is in a slump. It reported a drop in Second Quarter profits and missed wall street earnings estimates and said growth for the full year wont be as strong as thought. On the bright side, more shoppers are shopping at walmart here in the u. S. And spending slightly more but costs are rising faster. Today, investors sent shares of the dow component down to a 52week low thinking walmart, the worst performer on the Dow Jones Industrial average for the day. Courtney reagan has more on the company that many consider to be a barometer of the consumer economy. Reporter while walmarts u. S. Comparable sales improved for the fourth straight quarter and sales traffic increased, it wasnt enough to keep the retailer from significantly lowering its full year earnings guidance. There are headwinds that cut into the quarter, many of which walmart expects to continue, including increased employee hours at now higher wages, lower reimbursements from prescription drugs. Walmart explains that shrin
Walmart is in a slump. It reported a drop in Second Quarter profits and missed wall street earnings estimates and said growth for the full year wont be as strong as thought. On the bright side, more shoppers are shopping at walmart here in the u. S. And spending slightly more but costs are rising faster. Today, investors sent shares of the dow component down to a 52week low thinking walmart, the worst performer on the Dow Jones Industrial average for the day. Courtney reagan has more on the company that many consider to be a barometer of the consumer economy. Reporter while walmarts u. S. Comparable sales improved for the fourth straight quarter and sales traffic increased, it wasnt enough to keep the retailer from significantly lowering its fl year earnings guidance. There are headwinds that cut into the quarter, many of which walmart eects to continue, including increased employee hours at now higher wages, lower reimbursements from prescription drugs. Walmart explains that shrink in
Kron 4 stitching coverage is continuing with jeff bush. Reporter 0 p. M. We are here near the embarcadero this picture says it all of you could see these cars are backed up here. Theres some flooding here thats causing the problems. Here in San Francisco loans it took me an hour to go down three blocks. Traffic has been a problem all day long and the reason is the rain. People are just moving very slowly theres a lot of distractions here in San Francisco and at the rain to that is a slowing things down even more. Reporter reporting live in San Francisco pam the board of supervisors has made a declaration today because of the deluge in pacifica when the parents work picking up children from school. Reporter on the pacific at where it takes the as the worst time for super heavy downpour. Is right when parents are picking up their children from school. And this is the friday before christmas vacation. The trying to keep the presence dry as the trying to bring the men to give to the teache
Chagall, who painted a crucified jewish jesus to personify jewish suffering. Welcome. Im bob abernethy. Its good to have you with us. Faithbased groups are among those mobilizing to help victims of the massive flooding in colorado. As floodwaters began to recede this week, the magnitude of the devastation started coming into focus, although many areas are still inaccessible. State officials estimated that more than 19,000 homes were damaged or destroyed. Churches set up shelters for thousands of people who were evacuated. Religious groups are providing emergency aid, assessing long term needs and calling for volunteers. In the wake of this weeks mass shooting at the Washington Navy yard, faith leaders called for prayers of consolation and healing. The tragedy also prompted some in the religious community to renew calls for stricter background checks before gun sales. The shooter, aaron alexis, was described as exploring buddhism prior to the attack. Buddhist leaders condemned his actio
Wedding. The issue has split those who cite biblical passages against homosexuality, and others, who see jesus inclusive vision as welcoming all. More church trials may be ahead, as betty rollin reports. Reporter the Metropolitan United Methodist Church in washington, d. C. , recently had an unusual celebration. The event, called church quake, honored married couples of the same sex and the clergy who married them. Retired Bishop Melvin talbert was the first methodist bishop to publicly endorse samesex marriage, which is prohibited in the churchs book of discipline. I felt the time had come for clergy to give leadership to their congregations and its time for clergy to refuse to convict their colleagues for doing the right thing. Reporter one of those colleagues, who is facing a potential church trial for performing a samesex marriage, is 79yearold reverend tom ogletree, the retired dean of yale divinity school. The marriage that reverend ogletree performed was that of his own son, tho