Of a percent. Under his tenure, he restore the stock. Said, we are going to see substantial doubledigit falls and profit. China is not spending as much on the likes of remi martin cognac. It is a blow to the companys chief executive. The chairman is taking the reins for the interim period. We will be keeping an eye on the winter storm that is currently heading the united states. If you are watching from there, you need to be aware of this or if you have travel plans in the region. We are expecting blizzard conditions from new york to maine. These are live pictures that you are looking at. The worst is expected to happen overnight. Boston may get up to 14 inches of snow. Some parts of massachusetts already reporting nearly 20 inches of snow. New york city may get up to nine inches of snow. Thousands of flights have already been canceled. Temperatures expected to drop considerably during this storm. Lets get a check on what is happening on the markets. Have some fairly mixed calls ahead
Hitting the United States as we speak. The northeast is seeing blizzard conditions from new york to maine. The worst of it is happening right now. Boston, it might get up to 14 inches of snow. New york city, up to 19 inches. More than 2000 flights have been canceled. 6000 have been delayed. Quite fascinating. New york and new jersey governors declaring a state of emergency. Lets bring it back to the u. K. , shall we . Retail, mixed fortune. Big discounts failed to spur lastminute christmas shopping. This is a predominant force in the United Kingdom. There have been a lot of concern about clothing retailers. Fashion sales are a concern. Haveing the likes of done far better. Many anticipating the next will be setting the scene for us. Trying to get the foot all football. They lost their chief Financial Officer as well. We are expecting sales to rise, but it will be eyes they did raise them back and knocked over. Next had a pretty good quarter. They raised their profit guidance. This is w
Unimportant prerecession peak. Has beenng system recapitalized and the Financial System is safer. When the economy was in freefall in late 2008 and early 2009, such improvement was far from certain, as indicated at the time by stock prices that were nearly 60 below credit levels and very wide credit spreads. Despite this progress, the recovery clearly remains incomplete. At seven percent, the Unemployment Rate is still elevated. The number of longterm unemployed remains unusually high, and other measures of labor utilization have improved than the Unemployment Rate. Labor force participation continues to decline, and although some of this reflects of itterm trends, some likely reflects potential discouragement about job prospects. In retrospect, many of the factors that held back the be identified. Some of these factors were difficult or impossible to anticipate, such as the european sovereign debt crisis and the effects of natural disasters in japan and elsewhere. Other factors were m
Francine lacqua. Text shares are gaining after the u. K. Retailer posted numbers well ahead of analyst estimates. Here with more is caroline hyde. You have got 12 , close to 12 increase in total sales. But with three times ahead of analyst estimates. On the back of that, they are raising their Profit Guidance once again. We are just seeing the winner of what ubs termed a promotional fight. They stayed away. Online they are winning as well. 21 increase in next directory sales. That click and collect is working for them. Exceptional, their online domination. They are handing money back to the investor base, some 300 Million Pounds. This year theyre going to have an excess cash. They are also giving a special dividend for this year. How much did this policy of not discounting help . You might wonder if they dont discount ahead of christmas, are they left with a lot of stock to discount afterwards . That doesnt seem to be the case. You look into the statement and they go, we have got 11 le
They continue their investigation. Day 2 without bart. We are looking it at long delays at the bay bridge toll plaza. Traffic backed up into the macarthur maze on this fourth day of the bart strike. Traffic is going to be very slow leaving the east bay heading into San Francisco. Highway 24 is also crowded between the caldecott tunnel and 580. Again were seeing the highest concentration of traffic delays leaving the east bay bound for San Francisco. San mateo bridge Still Holding steady. There was an earlier accident thats just been cleared from lanes. Westbound traffic still a little sluggish approaching midspan and no delays reported for caltrain, the ferries, ac transit. Do remember, bart will be offering very limited Free Shuttle Service from nine of their east bay stations. Last friday, they ran out of room quickly on the shuttle buses leaving walnut creek. Thats a look at the monday commute. Now to lawrence. All right. Looking pretty good weather wise. Starting out with some low