For employees and Big Investments in ecommerce. That sent shares plummeting, down 10 , its worst day in 27 years, knocking more than 20 billion off its market cap. The revelation underscores the difficulty that company is having reigniting growth. Courtney reagan has more on walmarts unpleasant surprise. Reporter well, no one saw that coming. Today, walmart lost nearly 20 billion in market cap after surprising wall street with new Earnings Guidance at its annual investor meeting at the New York Stock Exchange. The Worlds Largest retailer lowered its Sales Outlook for the current year, citing negative currency impacts and said the cost of higher wages and investments in ecommerce will lower earnings by as much as 12 in 2017. Walmarts ceo, doug mcmillen, is asking investors for patience and told analysts that these investments are the right ones to make for the future. The Company Forecasting it will return to current levels of profitability in fiscal year 2019, though investors are hurt
For employees and Big Investments in ecommerce. That sent shares plummeting, down 10 , its worst day in 27 years, knocking more than 20 billion off its market cap. The revelation underscores the difficulty that company is having reigniting growth. Courtney reagan has more on walmarts unpleasant surprise. Reporter well, no one saw that coming. Today, walmart lost nearly 20 billion in market cap after surprising wall street with new Earnings Guidance at its annual investor meeting at the New York Stock Exchange. The Worlds Largest retailer lowered its Sales Outlook for the current year, citing negative currency impacts and said the cost of higher wages and investments in ecommerce will lower earnings by as much as 12 in 2017. Walmarts ceo, doug mcmillen, is asking investors for patience and told analysts that these investments are the right ones to make for the future. The Company Forecasting it will return to current levels of profitability in fiscal year 2019, though investors are hurt
For employees and Big Investments in ecommerce. That sent shares plummeting, down 10 , its worst day in 27 years, knocking more than 20 billion off its market cap. The revelation underscores the difficulty that company is having reigniting growth. Courtney reagan has more on walmarts unpleasant surprise. Reporter well, no one saw that coming. Today, walmart lost nearly 20 billion in market cap after surprising wall street with new Earnings Guidance at its annual investor meeting at the New York Stock Exchange. The Worlds Largest retailer lowered its Sales Outlook for the current year, citing negative currency impacts and said the cost of higher wages and investments in ecommerce will lower earnings by as much as 12 in 2017. Walmarts ceo, doug mcmillen, is asking investors for patience and told analysts that these investments are the right ones to make for the future. The Company Forecasting it will return to current levels of profitability in fiscal year 2019, though investors are hurt
Those details are ahead in the sevenday thank you. Developing right now, a raging fire ripped through an abandoned home in queens early this morning. One of several that officials are now considering suspicious. Take a look at the untameable flames in an out of control fire. Kristin thorne is live at a Forest Hills Jewish Center where a meeting is underway to of fires. Good morning, kristin. Good morning, rob. Six fires in this fringe of arsons which is why members of the community are at the Jewish Community center. They want to find answers. They want to find a person doing this. They say enough is enough. Police releasing a photo of a man seen leaving this fire earlier this morning. Here it is. It was a picture taken by someone who lives in the neighborhood and saw this man peeling out from the scene. A clear picture of him. He is considered a person of interest in this most recent this fire happened around 12 30 this morning, 69th road, forest hills. The same property was set on fi
Neighbor of the shooter may have purchased the weapons used in the rampage. We have new details. Attention commuters. The toll hikes are officially here. If you are coming from new jersey to the city, grab several extra dollars. Unbelievable. Good morning. You are looking live at Lower Manhattan all lit up this morning. Thanks for joining on this sunday, december 6th. Im toni yates in for michelle family. Michelle enjoying a family we are coordinated. We tried. Good morning. Thanks for being with us. Lets check in with amy freeze forecast. I should say this but i did catch amy as she was getting ready for the show a few minutes ago in our makeup dressing room, guess what album ready, the album taking over the world. Adele. I was going to say Peter Frampton because thats what i get up to in the morning. Good morning, amy, hello. Hello. What a Beautiful Day it turned out to be yesterday. Temperatures were easy to take. Skies look good. We ended up with temperatures in the 50s. We could d