We started in college my cofounder and i, and i, 2004 when the idea came of, kind of came about when we launched, as soon as we launched we focused on the Consumer Market but what happened was we saw google, Apple Microsoft others potentially as big competitors in the consumer space, but when we went and looked at the Enterprise Market there are tens of billions of dollars spent every year on technology we didnt think was going to enable enter prize to be more productive with their information and also not as secure with their data so we sided to pivot the company and focus entirely on enterprise, that was 2006, 2007 so for about eight years all we have done is focus ongoing, Building Platform for Large Enterprises to manage and secure their information. Rose Michael Lewis and aaron levie when we continue. Funding for charlie rose is provided by the rose additional funding provided by and by bloomberg, a provider of multimedia news and Information Services worldwide. Captioning sponsor
Sales rose during the month of february. Is a weathert story. I know youre sick of talking about it. Jpmorgan chase estimated that in january we spent 24 billion dollars extra just staying warm on gas, electricity, money that did not go to dining out and two dresses and things like that. Were going to look to date to things like building materials. Do we buy more snow shovels, snowblowers and salt . It might give us a rough indication of whether we kept spending, but clicking the mouse at home instead. You mentioned the cars. They stole sold more units, about dollar volumes, it includes service and cost of parts. That category could go either way. Watch coreg to retail sales. Leave out cars and gas. You have what goes into gdp and that will tell us something. How ishe weather, this report . We talked about how much a shift towards internet shopping there is. Havees seem that investors figured this out. They do not care about it as much as some other numbers. It is always heavily revise
The bulls eye on target as the retailer has its Earnings Report since it suffered a Security Breach during the massive holiday season. U. S. Senate Panel Investigating tax evasion has accused Credit Suisse of using cloak and dagger tactics that belong in a spy novel. It alleges c. S. Bankers made 150 trips to the u. S. Between 2002 and 2000208 orchestrate a large scale tax evasion scheme. Some of the things Credit Suisse is accused of operating remote controlled lifts, and bankers accused of filing false visa applications pretending they were tourists and advising clients how to dodge u. S. Tax laws. The Senate Hearing kicks off late today, shares trading at the bottom, just down just over 3 in trading today. The firm came out to say it considers its insurance policies for wealthy u. S. Citizens to be tax compliant. Credit suisse has been preparing for investigations into its products known as insurance wrapper wrappers. The long arm of the u. S. Treasury, by the way good morning, ever
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
Plenty to chew on this week. Although the big news of the morning well get to that. The ten year awfully close to the lows of the year. The 257 a lot of feds speak this we week. Europe is in the red are and dozens die in the ukraine. Fall out from the Massive Customer data breach continues. Warren buffet this morning explaining the vote around the Compensation Plan and more. First up greg steinhoffel is out. Target has named John Mulligan as ceo while the Company Searches for a new chief. But as time goes on, we are going to get down to the bottom of this. We are not going to rest until we know how that happened. But we are going to come out at the end of this a Better Company and we are going to make significant changes. Going to remain an adviser as the search going on. Im not sure he knew it was going to cost him his job. It has a good board. He has a good board and when this happened, it was surprising and very out of keeping with what we think of as target. Earnings per share boun