We showed objectives and we did it. Every dividend helps tesco restarts its shareholder payout after nearly three years of absence as the largest retailer in europe sees strong growth in sales and profit we looked at how we could become more competitive for customers. The volume increased that we could give suppliers, we changed some of the business shape and the costs. The eu is expected to slap amazon with hundreds of millions of euros in back taxes as it concludes its investigation into the tax arrangement with luxembourg good morning great to have you with us on the show once again. Just want to get through some data talking about the eurozone pmis for the month of september the pmi print came in at 55. 7. It seems according to market, the firms in the eurozone built up a big backlog of work, thats encouraging. We had a couple of individual pmis this morning from spain, for example, very interesting given the latest political woes in the country it was the september number, it didn
Announcer this is nightly Business Report with Tyler Mathisen and sue herera. Retail wreck. Will this earnings season be the sectors worst in nearly a decade . Staying focused. The markets brushed off the firing of the fbi director, and stocks are oddly calm. Why . And what moves if any should investors like you make . Modern medicine. How Artificial Intelligence could one day predict what diseases we might get. Those stories and more tonight on nightly Business Report for wednesday, may 10th. Good evening, everyone, and welcome. The talk in washington and on wall street was about yesterdays firing of fbi director james comey. More on that in a moment, but we begin tonight with retail. Some say the industry now faces its biggest challenge since the great recession. And as the sector gets set to report earnings, investors are preparing for the worst. Weve already seen a growing number of retailers file for bankruptcy. And if the pace keeps up, this year could see highest number of such
Flat. The ftse is down by 0. 1 in italy. Crude was the big story yesterday. Wpi this morning is up once again by 1. 6 . Gain of 77 cents to 48. 10. This comes after it looks like additional countries from opec are standing with saudi arabia saying those production cuts need to be expanded and also we saw a surprise decline in the supplies here in the United States. Now lets talk about todays corporate story. Shares of snap plunging after the Company Released its first report since going public. Snap missed on the top and bottom lines. The company struggled to keep up with user growth validating a lot of concerns about its ability to take on facebooks insta fwram and tgram and the s feature. Heres what evan spiegel had to say about competition on that call. People will copy your product if you make great stuff. When google came along, everybody felt they need a search strategy. When facebook came along, everybody felt they needed a social strategy. With snap, we believe everybody will d
Announcer this is nightly Business Report with Tyler Mathisen and sue herera. Retail rout. Macys sales plunge deepens as americans abandon malls. The Company Warns the troubles could get even worse. Leaders meet. Why the u. S. Will not discuss a very thorny economic topic with its biggest trading partners. Doctors and data. Do mammograms contain clues detectable only by computers to help find cancer earlier . Meg terrell reports. Those stories and more tonight on nightly Business Report for thursday, may 11th. Good evening, everybody, and welcome. It looks like the magic is gone at macys. The countrys Largest Department store saw sales fall sharply in the First Quarter and its profits fall even more. As we told you yesterday, the retailer has been struggling for quite some time with declining mall traffic, increased online competition, and a race to the bottom discounts. Investors did not like what they saw, sending shares tumbling to a nearly sixyear low. This was the first Earnings R
Money, your life, your future. Now, becky quick we begin with Artificial Intelligence from Online Shopping to selfdriving cars, ai is the brains behind the Computer Software that is in every part of our lives. In the medical field, it is saving lives as meg terrell reports, computers are smarter and faster but sometimes it takes a person to come up with a really great idea. Reporter m. I. T. Professor teaches computers how to learn her work focused on areas like translation of ancient languages until a Breast Cancer diagnosis three years ago. Going through it i realized we have more Sophisticated Technology to select shows on amazon than to adjust treatments. She set out to change that using her expertise in Artificial Intelligence and Machine Learning in collaboration with doctors at mass general hospital, the group is Training Computers to analyze mammograms, the hope, detect signs of cancer earlier than the human eye is capable of. There was no was there something in this very compl