For employees and Big Investments in ecommerce. That sent shares plummeting, down 10 , its worst day in 27 years, knocking more than 20 billion off its market cap. The revelation underscores the difficulty that company is having reigniting growth. Courtney reagan has more on walmarts unpleasant surprise. Reporter well, no one saw that coming. Today, walmart lost nearly 20 billion in market cap after surprising wall street with new Earnings Guidance at its annual investor meeting at the New York Stock Exchange. The Worlds Largest retailer lowered its Sales Outlook for the current year, citing negative currency impacts and said the cost of higher wages and investments in ecommerce will lower earnings by as much as 12 in 2017. Walmarts ceo, doug mcmillen, is asking investors for patience and told analysts that these investments are the right ones to make for the future. The Company Forecasting it will return to current levels of profitability in fiscal year 2019, though investors are hurt
For employees and Big Investments in ecommerce. That sent shares plummeting, down 10 , its worst day in 27 years, knocking more than 20 billion off its market cap. The revelation underscores the difficulty that company is having reigniting growth. Courtney reagan has more on walmarts unpleasant surprise. Reporter well, no one saw that coming. Today, walmart lost nearly 20 billion in market cap after surprising wall street with new Earnings Guidance at its annual investor meeting at the New York Stock Exchange. The Worlds Largest retailer lowered its Sales Outlook for the current year, citing negative currency impacts and said the cost of higher wages and investments in ecommerce will lower earnings by as much as 12 in 2017. Walmarts ceo, doug mcmillen, is asking investors for patience and told analysts that these investments are the right ones to make for the future. The Company Forecasting it will return to current levels of profitability in fiscal year 2019, though investors are hurt
For employees and Big Investments in ecommerce. That sent shares plummeting, down 10 , its worst day in 27 years, knocking more than 20 billion off its market cap. The revelation underscores the difficulty that company is having reigniting growth. Courtney reagan has more on walmarts unpleasant surprise. Reporter well, no one saw that coming. Today, walmart lost nearly 20 billion in market cap after surprising wall street with new Earnings Guidance at its annual investor meeting at the New York Stock Exchange. The Worlds Largest retailer lowered its Sales Outlook for the current year, citing negative currency impacts and said the cost of higher wages and investments in ecommerce will lower earnings by as much as 12 in 2017. Walmarts ceo, doug mcmillen, is asking investors for patience and told analysts that these investments are the right ones to make for the future. The Company Forecasting it will return to current levels of profitability in fiscal year 2019, though investors are hurt
28 Member States are ready to provide full support and readiness for whatever assistance they need, including taking part in frances air operation in syria and iraq. Dari the u. N. Secretary general is speaking out against calls to turn away Syrian Refugees. Steve in the u. S. , more than half of state governors say they are not welcome, but the law may not be on their side. Dan bowens joins us with more on balancing this. A growing number of Republican Leaders from governors to lawmakers are looking to slow a plan to allow refugees into the United States. They say they are worried terrorists might try to exploit the system to sneak into the country. 25 republican governors across the country now planning to block Syrian Refugees from settling into their states. New Jersey Governor Chris Christie among them, writing a letter to president obama citing security concerns in light of the attacks. He spoke on this radio program. I would not permanent them in. What if they were orphans under
Doctors are headed to texas, looking for anyone who might have come into contact with with the first person diagnosed with ebola in the u. S. Prodemocracy protesters jeered leaders. The tests are the protests are in their 60 day demanding free elections. Mary barraors ceo will lay out her strategy with Investment Investors and analysts. Gm has been hampered by record recalls so far this year. Industry, the auto chrysler numbers are out for the month of september. Scarlet fu has more on the sales, up about 19 . Up about 19 . An consensus was for increase of 16 , so this is a better than estimated increase for chrysler. Previous to this announcement, analysts had been looking for General Motors to post the highest increase, 18 . Ford is expected to show a 2. 4 drop. Were still waiting for gm and ford numbers. Reiterate, chrysler reporting u. S. Auto sales for the month of september coming in with an increase of 19 , higher than what analysts had been looking for. We will be waiting for t