Resee recovery in retail sales dow down 271 session lows 59 minutes left of trade the nasdaq has been the underperformer is actually off its lows were kind of moving around, as we speak, in the final hour. All the major indexes are lows ahead on todays show, well speak to mike sievert. Well get an upgraciointergrac sprint and the president of the university of arizona will outline his plan for the fall semester as cases and hospitalizations rise in that state. Well focus on the big stories were watching at this hour Steve Liesman with details on todays jobless claims will is digging into Big Bank Earnings and meg has details on johnson and johnsons results. But, steve, start us off with the jobs picture. You know, were getting two different stories from the jobless claims one of improvement and one where the improvement has kind of flat lined. Well take a look at the numbers. Claiming coming in at 1. 3 million. Above expectations dow just 10,000 on the weekly jobless claims thats kind
Stake. The head of our board has decided not to renew that agreement. Standard Life Aberdeen sees red after a 100 billion pound contract is ditched. And the end of the road for jacob zuma the South African outgoing president resigns ahead of a nonconfidence vote saying the anc should to the have forced him out this way make no mistake, no leader should stay beyond the time determined by the people they serve. Good morning airbus shares have taken flight to the top of the stoxx 600 after the Aerospace Giant reported a rise in fullyear operating profit and issued a bullish forecast for 2018. There was, however, a fresh 1. 3 billion euro charge related to its a400m military plane airbus raised its dividend also. Shares in nestle are heading the other direction as earnings disappoint investors shares hit a ten month low as the Company Announced a dividend below expectations lets look at some issues that those numbers have revealed. If we look, we can see the bottom line was mainly hit from
Sales were robust last month. According to the latest government data, consumers spent more in april than expected and thats important because Consumer Spending is responsible for about twothirds of economic output. But it flies in the face of everything that weve heard this week from some of the nations biggest retailers who are struggling to attract shoppers and grow revenue. Jcpenney was the latest to report an unexpected sales drop and cut its gross margin guidance for the year. Steve liesman looks at the possible reasons behind the disc. Reporter a Strong National retail says report for april gave a major boost to the idea that the u. S. Economys in the early stages of a rebound from that weak first quarter. Retail sales grew 1. 3 , beating estimates in auto sales and furniture. Economists looking for 2. 5 Overall Economic growth in the second quarter. But the number raised a troubling question. Why have retail earnings been so lousy . Nordstroms had comparable sales fall 17 , koh
Sales were robust last month. According to the latest government data, consumers spent more in april than expected and thats important because Consumer Spending is responsible for about twothirds of economic output. But it flies in the face of everything that weve heard this week from some of the nations biggest retailers who are struggling to attract shoppers and grow revenue. Jcpenney was the latest to report an unexpected sales drop and cut its gross margin guidance for the year. Steve liesman looks at the possible reasons behind the disc. Reporter a Strong National retail says report for april gave a major boost to the idea that the u. S. Economys in the early stages of a rebound from that weak first quarter. Retail sales grew 1. 3 , beating estimates in auto sales and furniture. Economists looking for 2. 5 Overall Economic growth in the second quarter. But the number raised a troubling question. Why have retail earnings been so lousy . Nordstroms had comparable sales fall 17 , koh
According to the latest government data, consumers spent more in april than expected and thats important because Consumer Spending is responsible for about twothirds of economic output. But it flies in the face of everything that weve heard this week from some of the nations biggest retailers who are struggling to attract shoppers and grow revenue. Jcpenney was the latest to report an unexpected sales drop and cut its gross margin guidance for the year. Steve liesman looks at the possible reasons behind the disc. Reporter a Strong National retail says report for april gave a major boost to the idea that the u. S. Economys in the early stages of a rebound from that weak first quarter. Retail sales grew 1. 3 , beating estimates in auto sales and furniture. Economists looking for 2. 5 Overall Economic growth in the second quarter. But the number raised a troubling question. Why have retail earnings been so lousy . Nordstroms had comparable sales fall 17 , kohls saw them to 4 for the quart