Customer service, just a corridor away. I will introduce you to the robotic bellhop that is already transforming a hotel into a hightech haven. Fast casual dining. This is a category that has been dominating restaurant growth. We are going to meet to experts who want to transform your night out. First, lets get headlines from su keenan. We start with bank of america. Shares gained more than 4 , the largest increase since may of 2013, this after the company agreed to pay 245 million on s p allegations. And failed to disclose mortgage losses. That resolves part of the 16. 65 billion home depot has named its next ceo. The homeimprovement retailer says the new ceo will take over november 1. Craig has overseen the companys online businesses. Finally, old navy seems to be steering the gaia the sales shipped for cap. Gap. That is the latest. The s p 500 gained today on economic reports, as well as Federal Reserve minutes released for july. Janet yellen is going to give her firstever speech as
February trading starts today. Stocks will open dead flat. Not good. The postsuper bowl presochi edition of Varney Company is about to begin. [ male announcer ] this m has an Accomplished Research and Analytical Group at his disposal. But even more pressive is how he puts it to work for his clients. Morning. Morning. Thanks for meeting so early. Oh, its not a big deal at all. Come on in. [ male announcer ] its how edward jones makes sense of investing. Good kick own a hop and harvin takes off and gets free. Percy harvin, inside the 30,s going to go, touchdown seattle. Stuart and he went all the way. And percy harvin returning the second half kickoff for a touchdown and thats the moment the game for many people ended. Is that when you stopped watching. The seahawks went on to win 438. It was at best, very best a lackluster game. The best thing out of the game were the comericas, some, just some hit the spot. The budweiser puppy love commercial arguably the most popular, got 34 million v
And the other cracked down on Sexual Assault in the military. Julie hyman is digging into the discounts that have run far and wide, but not all retailers are playing ball. Olivia sterns is following the headache for many of these stores, with the return season beginning. Julie hyman, who resisted the pressure to cut prices . Consumers are coming to expect that. Case we havee base seen across the retail spectrum. Some retailers at the highend who think they can preserve brand equity keep prices at relatively elevated levels. Lemonked about lulu held prices. Is a teenage retailer that introduces a number of products to see what will be successful. Finally, anthropology, which is owned by Urban Outfitters, an upscale brand, where people are not so much buying gifts, but buying stuff for themselves. Now, the advantage of this strategy is obvious you preserve operating margin. One retailer that has discounted less, not resisted entirely, hasnt michael kors with margins of 30 . Margins are a
People bringing more money in. At least, finally, they are getting a little inflation on abenomics. In the u. S. No eco data. What are you going to do . Go home. Take it easy. Not much on the economic front. We have something else, the president has signed two more pills. He did this last night. Vacation in hawaii. One is the budget deal crafted by senators paul ryan and patty murray. The other cracks down on Sexual Assault in the military. Joe biden leaves for vacation today. They stagger their vacations. Like we do here at bloomberg. They stagger the vacations so one is always on duty. Bermuda or the bahamas . No adults in charge. You could argue that is always the case in washington. Obama is in hawaii. Thank you, trish. A data check. Going on. E lot markets overseas have been quiet. The friday, next week there is a holiday, nobody is at work. Who told us that only the third level junior traders are at work. And us. Theery light volume in futures market. Futures down. Towards ae hea
108. The current continues index, 111. 3 in october. Again, versus the reuters consensus of 111. 6. Ifo expected index, 103. 6, a little below the expected forecast of 104. 5. There are no revisions to the september indices. The ifo index is probably the years most important sentiment index, slightly lower than what we might have thought. Not by much, but by a little bit. Joining us in the studio for the first part of the show today, moo moodys analytics. Frank, thanks very much for joining us. Thats the ifo sentiment index. Slightly lower than we might have thought. Yesterday we saw from the pmis, as well, slightly weaker than we might have thought. Is the economy, are things just softening slightly . I dont think so. The German Economy is doing very well. The pmi did slow down a little bit. They came weaker, but they still point to expansion this year. The Unemployment Rate in germany is 6. 9 based on the National Statistics and it grew strongly in the Second Quarter. It is likely to