American retailers struggle as weather continues to impact sales. Luckily shareholders get a buyback. Credit suisse pleads guilty and the stock is up. Paying billions in penalties for helping americans avoid paying taxes. Your Swiss Bank Account remains a secret. Gopro, go big, go public. Wearable cameras. 1 billion in revenue. One extreme ipo. First up home depot reported First Quarter numbers, 96 cents a share, that was a miss. Revenues shy of consensus. Frank blake the ceo says the quarter was hurt by a slow start to the spring selling season but adds the retailer had solid results in nonweather impacted markets. For the full year home depot is maintaining Sales Guidance and raising earnings per shaforecas. Comps 2. 66. People looking for something with a 4. This was disappointing but i want to see the linearity. Sometimes you get situations where you have a couple really bad months and they actually can make some of it up. The spring selling season is some people think their christ
With a dose of past hour, the fed released the minutes from its december meeting. It reveals that policymakers believe they can tap the brakes before the end of the year. Back in january, it would purchase 8500 worth of securities each and every month. A combination of later dated treasuries and Mortgage Backed securities. What does this mean for your money . Lets look at how the markets are reacting to the news. Stocks are holding heavy. We are now down. Down about ten points for the Dow Jones Industrials. Use all that we are slightly lower for the moment. Maybe ten year yields rising sharply. We have not seen 1. 9 in a long while. A totally different story at the currency market. The euro falling through. Some traders consider that numbers to be a parish technical breakdown and strength of the dollar. In the grand scheme of things, so much stronger than were was a year ago. Gold down right now. Twentyfour dollars. The dollar rallies stronger. Silver pulling back by 0. 55. This on the
And a chief executive quickly earning a reputation for being unconventional. I always have things to say. You of looking silly, myself to is it if the way you want to respond to this tactic is say, there is a contact on the device, it is not good. Go to it. Go for it. We will redefine a stupid, ericn, arrogant angus and industry. It is an abbreviation. Arrogant industry. It is an abbreviation. I cannot get up or two years and i will hold that own to my head for the next two years. Desist letternd is going out and those kids will be unemployed. This guy is spicy. He sat down with Jon Erlichman yesterday and it was no different. Behavior,my normal this is for everyone. I generally enjoy doing things that cause pain to at t. Likepressing crashing their party and getting kicked out by security. This rebel to the Wireless Industry is doing something right. Here is why tmobile had the est quarter in eight years. Part of the strategy is. Eimbursing customers we are forever eliminating early t
Zillow buying trulia 3. 5 billion all tock. Jack lew, oped calling for antiinversion tax legislation. Economic data capped off with monthly jobs report. Dollar tree acquiring Family Dollar 8. 5 billion, the value of Family Dollar 74. 50 a share, 24 prepare premium to the close friday. Comes more than a month after icahn called for Family Dollar to sell itself, thought it was going to be somebody else. Dollar general the name for a long time, we thought because of the great synergies that deal would bring, not without antitrust impedestrianti antiimpediments but Dollar General not the name, its dollar tree. Carl icahn may take credit but the approach made in march by dollar tree prior to mr. Icahn publicly coming into the shares. And so we know hes got a great nose, a great feel for these kind of situations. It was previous to that that Family Dollar told us it was at least exploring alternatives they did open up that process in the winter. They got approached by dollar tree. The big qu
Look to portugal, tenyear rocketed to 4 , was 358 friday as the european indexes there are firmly in the red. Road map begins with the sell off on the globe; jobless claims fall from a week ago, and european worries drag down equities in the u. S. Family dollar profits fall for the third time as Carl Quintanilla icahn continues to push for the sale of the company. Costco, sales flat in premarket despite same store sale numbers strong. Allergan fights back after the bid to take it over. Well hear from the ceo. Third time the charm for bank of america . Reportedly submitting another capital plan to the fed to raise its dividend. First up, though, look at the premarket once again. A number of things working against the bulls today. China exports did miss for june, 7. 2 , looked for above 10. Fed minutes yesterday show us that the tapers probably going to end in object. Portugal worries about banks. Gaza Ground Invasion looms still, and industrial output from france and italy, worst misses