This morning. Well tell you about them. Mans best friend may want you to sell the company. Petsmart is explorining alternatives as pressure from an activist investor mounts. Target posting Second Quarter operating profits of 78 cents a share, just shy of lowered wall street expectations. The retailer posted flat Comp Store Sales in the u. S. And cutting full year Profit Guidance as fallout from a massive data breach continues to weigh on the company. Target says sales, though, trends at least, improve this month based on early backtoschool sales, jim. We have a number, though, a guidance number, i guess, is the key for the full Year Adjustment of 310 to 330 compared with guidance of 360 to 390, and they go into why thats beginning to be below. I mean, some has to do with early debt retirement. Yeah. Obviously, a good deal still pretax has to do with cost in the breach. First, i said, are you kidding me . You got are you kidding me . Total disarray there. You did through the least of it
Could chalk up its biggest weekly advance in six months. We will continue to follow the story out of ukraine and keep you updated throughout the morning. The Russia Ukraine situation, that is not the only geopolitical story on the radar. Chuck hagel sounding the alarm on the situation in the middle east arguing that the longterm threat of isis is even more dangerous than al qaeda. Chuck hagel talking about the 9 11 threat to the United States. Jim, isil is as sophisticated and well funded as any group that we have seen. They marry ideology, sophistication of strategic and ticketical military prowess. They are tremendously well funded. This is beyond anything that weve seen. So we must prepare for everything. And the only way you do that is you take a cold, steely hard look at it and get ready. Also today, fighting between israeli and palestinians continues. Israel air strikes continuing for a third day following the collapse of ceasefire talks. The Israeli Military says it carried out
Kid you not that the death of the water to plant five3 ft. People out and about trying to clear out and clean up their basements. So many callers were trashed because of that heavy rainfall. How many times did you want to throw that out . First time i took about two years ago. I said no more in my garage. One day came and i could use it. Look who is the smart guy now. Have you ever seen it like this before . The president of the water metropolitan Water District can add to that. She said theres absolutely nothing they could do because there rainfall was so much in such a short period of time. This is the kind of scene that you are seeing repeated over and over. People cleaning up the basement in trying to get their car is working once again. This gentleman right here is faced with the prospect of having to get indycar altogether because his insurance buddy and has minimum liability. What are you going to do . Lets hope things work for him and the other people here in that area. Firefig
She will be with us live. Sue is out, but simon is in at the new york stock exchange, simon. Yes, weve lost 17,000 on the dow. Only six members are in positive territory. It is the credit card manufacturers, although the credit card players and indeed the insurers that are leading the freight down. Visa of course guidance, very poor, and thats a real problem for the Dow Jones Industrial average right now. I want to turn to crude, past 11 00, we saw spike in brent. Moving to the juch side, this is probably related to ukrainian issues. Mr. Van rump, the president of the European Council is backing the idea of additional sanctions against russia, but that is not been confirmed. They have not signed off on that, that is whats moving things. Also some reports that russia may be providing heavier weapon systems to separatists, thats floating out there as a concern. At any point, brent moving up the s p 500 on that news, a little after 11 00. As you can see moved to the downside. Since come o
Interview with investing legend Julian Robertson of the tiger funds. What are his best investments right now . Plus, he tells us who he thinks the best investor alive is today. And, then amazon launching a Music Service today. But wall street seemingly unimpressed. The stock taking it on the chin, down about 17 year to date. Our special guest bob olsteen is not surprised. Hes been a bear on amazon for a long time now and says it is about to go from bad to worse. Bob olstein will tell us that and more exclusive in about 30 minutes time. Right now in the markets heading into the close, major indexes heading towards their lows of the session. Dow jones industrial average shedding 122 points this hour. Take a look over at the nasdaq which is off by about 42, under 4,300. S p 500 shedding about 15, at 1,928. Heather hughes, jim lowell, peter anderson, and from chicago, our very own Rick Santelli. Welcome, one and all. Heather, let me start with you. Weve been spending a lot of the day focus