Morning. Its a busy morning for retail and well get some Quarterly Results from American Eagle, dicks and Urban Outfitters. Dupont saying the severe Winter Weather and the situation in ukraine will impact sales. And apple pushing Record Companies for exclusive first releases of songs through itunes. And all show long well bring you the best of softbanks interview, his criticism of Wireless Service in the u. S. And his thoughts on alibaba and yahoo and the 300year plan, carl. I know you like that. Think the long term. Its a long game. Jcpenney is a big gainer in the premarket. Citi upgrades the Department Store chain to buy from neutral. The firm says it believes pennys deliver positive comps in line with guidance as they fix their home and kid categories and takes out what they are calling inappropriate merchandise. The title of the report is american comeback story, gives. It fits and we feel it. And its not the first upgrade weve seen lately and, again, the squeeze will be on today.
That bans employers from discriminating people based on sexual orientation. The Associated Press is reporting that secretary of state john kerry could join think talks on Irans Nuclear program. Real money is ali velshi is coming up next. For news up todays from around the world, head to aljazeera. Com. Once again real money with ali velshi coming up in just a moment. The tail of two consumers while row tailers like michael coors are killing it but walmart isnt it. And why the heck is twitter worth 25 billion if it has no profits. Im ali velshi and this is real money. Is [ technical difficulties ] of 2. 8 over the third quarter. That is much higher than expected and the fastest growth rate we have seen for the year. The big jump was largely fuelled by businesses restocking their shelves over the summer, but Katherine Mann says we shouldnt be fooled. A think a lot of people are saying this is a good indication for the u. S. Economy it will be able to weather the Fourth Quarter shutdown a
Of 2. 8 over the third quarter. That is much higher than expected and the fastest growth rate we have seen for the year. The big jump was largely fuelled by businesses restocking their shelves over the summer, but Katherine Mann says we shouldnt be fooled. A think a lot of people are saying this is a good indication for the u. S. Economy it will be able to weather the Fourth Quarter shutdown and so forth, but im a little concerned because the growth rate of personal consumption expenditures has been very, very week. The Business Investment numbers are negative . Fact not only did they not grow they fell. What is most worrying is the pull back from the consumer whos spending directs twothirds of all Economic Activity in the united states. In the three months in september we only saw personal spending rise by 1. 5 . Uncertainly out of washington raising Interest Rates and fairly anemic job growth are all sapping consumer confidence, but one segment is doing just fine. Tail. Reporter desi
Todays service. Others decided to mark this day by holding gun buyback events and two cities here, oakland and san jose, are turning to the public for funding. Nbc bay areas Kimberly Terry joins us from san jose to exbe plain that. The turnout was big in the first hour alone, the police chief says they collected 300 firearms here today. This is the first time in well over a decade the city has hosted a buyback event. It was made possible after a twomonth crowd Funding Campaign in which donors contributed online. Crowd funding also helped to pay for part of oaklands buyback event today. In San Francisco, oakland, and san jose, police tried to make it as easy as possible. People drove up, officers opened the trunk, took out the firearm and paid the participant. In many many cases, it took only a few minutes. At all three gun buyback events, the payout was the same, 100 bucks in cash or a gift card for handguns, rifles and shotguns, double that for assault weapons. One couple brought back
All of our stories tonight give us a rare behind the scenes look at these newsmakers. We begin with the colorful and controversial john mcafee. He recently turned down an informal offer to help fix the troubled obama care website. He said simply, no thanks. Now instead of washington, d. C. , hes back in the Silicon Valley. He has a new company and a new wife. Those beaches in belize, the murder of his neighbor, and the media frenzy that followed, john mcafee has turned his life willingly into a hollywood script. Is this a story of a successful entrepreneur who went crazy and surrounded themself with girlsen an guns and became a murderer . Or is this the greatest mind [ bleep ] of all time. We last caught up with him earlier this year in oregon, and now hes back in the Silicon Valley. Im not down here looking for money, but talent. In the shadows of the empire he created in 1987, the 68yearold mcafee is starting a new company with old baggage. I an few months ago in ÷ you had nothing t