Microsoft . We have all of that and more tonight on nightly Business Report for friday, september 27th. Good evening, everyone. Its cleanup in aisle 6. Thats because it has been a mess of a week for the retailer, jcpenney. Worst week ever for its shares, down 30 . The Department Store has prospered for more than a century, through the great depression, to world wars, the Online Shopping revolution, but now penneys is in a fight to survive. Samestore sales down eight quarters in a row. A savior brought in and then kicked out. His turnaround plan an unmitigated flop. Then a new boss, the old boss, and yesterday a plan to save cash so they can get through the holidays and into next year. Still, the company is resolute, launching new boutique shops within its stores today. Court reagan has more. Reporter its been a long week for jcpenney shareholders. The beleaguered Department Stores stock price fluctuating in both directions. Ultimately, the stock posts its worst week ever. Late thursday
Whats next for the markets and your money. And microsoft man. Could the boss at ford be the right person to turn around microsoft . We have all of that and more tonight on nightly Business Report for friday, september 27th. Good evening, everyone. Its cleanup in aisle 6. Thats because it has been a mess of a week for the retailer, jcpenney. Worst week ever for its shares, down 30 . The Department Store has prospered for more than a century, through the great depression, to world wars, the Online Shopping revolution, but now penneys is in a fight to survive. Samestore sales down eight quarters in a row. A savior brought in and then kicked out. His turnaround plan an unmitigated flop. Then a new boss, the old boss, and yesterday a plan to save cash so they can get through the holidays and into next year. Still, the company is resolute, launching new boutique shops within its stores today. Court reagan has more. Reporter its been a long week for jcpenney shareholders. The beleaguered Depa
Next two weeks or so. What are you expecting . When you look at what happened in the second quarter, most, if not all of the earnings gains, came from the financials. Now, with the mortgage refinancing boom having largely plaid out, with financials really starting to come under pressure from a regulatory perspective, jpmorgan is a good example of that, our financial is going to come to the rescue again. I have my doubts. And when you look at the expectations of earnings growth, we were less or about double what we actually saw in the second quarter. Im not sure thats what were going to see. And i think disappointment is quite possible. So, brad, if i buy your thesis here, and ive had a pretty good year so far, im up about 20 in the s p, and lets say i have a balanced portfolio, 60 stocks 40 bonds, what i should be doing now. How can i protect my profits and still leave room for more, if theres more to come . The answer really is strategy diversification. Not only in the equities, but a
[applause] good morning thanks to ppi for the invitation. With deals like a lot longer but i have been at the fcc a little less than one year. And in the Commission Time barely a blip on the radar but under the chairmans leadership were moving at a very fast pace taking on many complex issues so by way of example we have options incentive option will will spectrum infrastructure spectrum said frontier. 17 Competitive Bidding rules joint bidding rules competition policy and i suspect the pace will not let up anytime soon. What we are busy working on these issues the Wireless Industry continues to involved in challenging ways but we just dont see challenges and that is what i want to talk about todays opportunity that we see in those with arab agenda at the bureau more specifically we see opportunity with Wireless Infrastructure to make more spectrum available is a new ways with Broadband Demand and to promote and protect the marketplace also to promote innovation was divert Devices Netw
Wireless technology. [laughter] he has a masters science from stanford we will lean on that heavily particularly with my first questions i will begin. Each question is directed to one panelist but i encourage you to weigh in to get the conversation going. Talk about neutrality and how this relates to wireless but putting that engineering degree to work advocates of strong neutrality where they pay for priority they are worried everyone will get a lower quality of service in this would be legitimate concern but does priority necessarily entail a sacrifice of the quality of service . Is a possible to introduce priority without degrading the quality. It depends if it is the zero sum game or not from an engineering perspective i do not view it as such maybe we do have restraint of capacity this there the wired networks so prioritizing certain types in the system does not necessarily have any adverse effect. As an economist in light of the answer is not have a sacrifice that there could be