Higher. Plus, were going to have more opposition it appears to the border tax. The ceo of jc penney says it makes profitability virtually impossible. The Corporate Tax myth, a new report showing many of the american Largest American Companies pay no taxes at all. Within that headline number of course the better than expected jobs report shows private sector payrolls up by 227, construction up 58,000, thats the most in nearly a decade. Average Hourly Earnings up, numbers coming ahead of next weeks fed meeting in which policymakers are expected to raise rates. That construction number driven perhaps by trump rhetoric or policy. Perhaps by a warm weather in february and very little snow across the country. Well, ive got to tell you, i always like to look at where the jobs are created. And ive been waiting for construction. I love construction jobs because theyre such a great ripple effect. Construction punches way above its weight in the u. S. Economy and increase by 58,000. I also like t
Numbers. Profits miss estimates by a penny. The massive data breach hang over the stock. Macys downgrade with disappointing results, dicks and urban outfitters. All moved lower. A vote coming for obonomics in japan. And well have an exclusive interview with the ceo of halliburton to buy baker hughes. Revenue above consensus rose better than expected 5. 2 . Retail noting at 28 million and expenses for that recent data breach adding it cannot estimate the total cost of the breach which for the year, about 34 million. Not bad in a tough retail environment. Traffic up. I think what happened is last week macys reported a quarter where they cut the forecast, yet the stock rallied too after being down one. That caused a lot of people to say it doesnt matter what retailers do. Its going to be a good holiday. Gasoline down, employment up means you can suspend what people think. Lots of stocks ran. When you run into a quarter, suddenly we take it into account the way we didnt when macys was stal
The right price and you can make shareholders a fortune. You get it wrong, and it is a killer. The house of pain. As we found out today, the day where the dow slipped eight points. Most people dont think that execution matters that much. They dont believe someone can come in at the top and make the kind of changes that can save a company or get it out of the sell cellar into a competitive position. When a new coach takes over an nfl team, he can rapidly create miracles. Someone that decides best buy can never come back no matter who runs it might also be a total believer in the possibility of a quick turn, say, in the San Francisco 49ers organization whether jim harbaugh takes over after 6 in 10 season. Sure enough, harbaugh takes the same team to the playoffs with a 133 record and next year, the 49ers, theyre in the super bowl. We dont think anything of that, right . Thats the way it works, coaching matters. Im quite confident that chip kelly can turn around the philadelphia eagles. T
The right price and you can make shareholders a fortune. You get it wrong, and it is a killer. The house of pain. As we found out today, the day where the dow slipped eight points. Most people dont think that execution matters that much. They dont believe someone can come in at the top and make the kind of changes that can save a company or get it out of the celt cellular cellar and into a competitive position. When a new coach takes over an nfl team, he can rapidly create miracles. Someone that decides best buy can never come back no matter who runs it might also be a total believer in the possibility of a quick turn, say, in the San Francisco 49ers organization whether jim harbaugh takes over after 6 in 10 season. Sure enough, harbaugh takes the same team to the playoffs with a 133 record and next year, the 49ers, theyre in the super bowl. We dont think anything of that, right . Thats the way it works, coaching matters. Im quite confident that chip kelly can turn around the philadelp
maybe the best way to understand this market is in terms of the things that haven t happened. when i look at how 2012 is unfolding, how we could have put together seven straight up days for the dow, a streak that unfortunately snapped today, after all the strength we had already witnessed, it s clear that we ve been paying too much attention to what has happened. and not enough attention to what didn t happen. that s why we re going to take a quick trip in the way-back machine to the dark days of the late summer and fall so we can tick off all the things we were so worried about then versus what s actually come to pass. first and foremost back then, we were worried about u.s. government spending and the incredible, the shocking, the disastrous s&p downgrade of our debt. if you recall, this was one of the darker moments of the last decade for the market. and it threatened to take the whole world down as the prospect of further downgrades, a la greece danced in our heads. since