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
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
And in europe, some of the early trading, you see some modest declines there ftse is the biggest decliner, down by a quarter percentage point. Look at whats going on with the dollar the dollar which has been under pressure broadly for many months, you can see its up against the euro today at 117. 06 down against the yen at 110. This morning wti down another 7 cents to 46. 71 President Trump disbanding those two Advisory Councils, the announcement coming as one council was dissolving already the president in bedminster, new jersey eamon javers is nearby in bridgewaters eamon . The president will wake up here in bedminster, new jersey to a changed landscape in the relationship between Corporate America and the president of the United States. We saw this dramatic moment yesterday as you just described as the elite ceo Advisory Council was deciding to disband. The president issuing a tweet saying he had instead folded both of his ceo Advisory Councils heres what the president put out. Rath
By these low academic conferences i have a book coming out. [laughter] the book is relevant. Its called the working title is from cicero to snookie how the culture shapes the president. And its with the president s have read, watch, listen to, attended over the years and what books, what kind of books influenced them, shoot them, how information came to the president and the type of technology we have available. Our founders were limited to performances onstage or work on paper. They didnt have twitter and all the stuff we have today that they were still huge consumers of information. The argument i want to make today is the information president consumed in the Program Since the beginning of the state of israel has helped shape their approach to israel, and also we can understand a little bit about what the president , what kind of president somebody is going to be by the type of material they read or take advantage of. So in a way, although the program says im talking about the two b