The latest is super value. That grocer cut its profit outlook for the year in large part because of food price deflation but also because of increased competition. And that sent shares of super value down 9. 5 in trading today. Its not just super value. Yesterday we reported that Sprouts Farmers Market cut its guidance because of significant ongoing deflation. Californiabased smart and final stores cut its outlook in july for the same reason, and Dollar General also mentioned deflation as a threat on its Earnings Call last month. Tomorrow kroger, the countrys largest supermarket chain, and a barometer for the industry reports earnings, and many are expecting to hear much of the same. Susan lee takes a look at the expiring fortunes of the grocery industry. Carton of eggs, 40 cheaper, whole milk that costs 11 left, beef, pork and chicken at a discount from 2015. Fruit prices have been falling for nine straight months, according to the bureau of labor statistics and on track for the longe
Definitely being strained. The latest is super value. That grocer cut its profit outlook for the year in large part because of food price deflation but also because of increased competition. And that sent shares of super value down 9. 5 in trading today. Its not just super value. Yesterday we reported that Sprouts Farmers Market cut its guidance because of significant ongoing deflation. Californiabased smart and final stores cut its outlook in july for the same reason, and Dollar General also mentioned deflation as a threat on its Earnings Call last month. Tomorrow kroger, the countrys largest supermarket chain, and a barometer for the industry reports earnings, and many are expecting to hear much of the same. Susan lee takes a look at the expiring fortunes of the grocery industry. Carton of eggs, 40 cheaper, whole milk that costs 11 left, beef, pork and chicken at a discount from 2015. Fruit prices have been falling for nine straight months, according to the bureau of labor statistics
Florida from california. This American Airlines flight made a stop in phoenix. He says things went wrong the moment the plane started to touchdown here in tampa. Lets go to video right now that we shot not too long ago. It shows the plane on the tarmac here at Tampa International airport where maintenance crews just changed a blown tire. And now we spoke to jerry who said something was wrong when the plane went to land but then the pilot pulled up quickly. And then the plane rc while. And an indicator light apparently went on telling the flight crew there was a problem with the landing gear. Jerry tells me, he could hear it as well. Listen initially the left side of the planes landing gear was not engaging. Engaging. And then we started to get curious. Reporter the flight crew screamed for everyone onboard the plane to brace upon landing. They got into crash positions but thankfully they landed safely. The landing gear did deploy but as mentioned, the right tire blew. Were told that pa
Apple made the argument that the governments request is unprecedented and violates among other things the companys First Amendment rights that protect against compelled speech. On the other side of the corporate story thats capturing the worlds attention is fbi director james comey who earlier today testified on capitol hill. I love encryption, i love priva privacy. When i hear corporations saying were going to take you to a world where no one can look at your stuff part of me thinks, thats great, i dont want anybody looking at my stuff. Then i step back and say, Law Enforcement, which im part of, really does save peoples lives. Rescue kids. Rescue neighborhoods from terrorists. We do that a whole lot through court orders that are search warrants and we do it a whole lot through search warrants of mobile devices. Were going to move to a world where that is not possible anymore . The world will not end but it will be a different world than where we are today. Amon jaffers has been follo
Governments request is unprecedented and violates among other things the companys First Amendment rights that protect against compelled speech. On the other side of the corporate story thats capturing the worlds attention is fbi director james comey who earlier today testified on capitol hill. I love encryption, i love priva privacy. When i hear corporations saying were going to take you to a world where no one can look at your stuff part of me thinks, thats great, i dont want anybody looking at my stuff. Then i step back and say, Law Enforcement, which im part of, really does save peoples lives. Rescue kids. Rescue neighborhoods from terrorists. We do that a whole lot through court orders that are search warrants and we do it a whole lot through search warrants of mobile devices. Were going to move to a world where that is not possible anymore . The world will not end but it will be a different world than where we are today. Amon jaffers has been following the story from washington. W