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Gain since july and europe mixed for the time being. Our road map with more bad data from american retailers. Walmart sales and profits below estimates, kohls disappoints blaming on the weather or a weaker consumer. David tepper says theres a time to make money and a time to not lose money. Can you guess what time it is now . Cisco beats as sales fall. John chambers sends the stock higher. First up walmart did report numbers of 1. 10 a share, a nickel below, sales fell for a fifth consecutive quarter. The quarter forecast shy of consensus, weather shaved 3 cents a share off the q1 earnings, and kohls missed with quarterly results. Comps down 3. 4 , but walmart is the real story, jim. U. S. Comps down 1. 4, we were looking for a slightly positive number in this country. Comp traffic down 1. 4, really just not a great quarter. I like to scan these in preparation in coming up in the show and go over the release. Im looking for something positive, something that says double digit. So this ....
the message has been, you guys in washington don t understand our business. so you should keep it to yourself and let the professionals like us, the smartest guys in the room do what we do best. which is why it was a little embarrassing for jamie dimond had somehow managed to lose more than a billion in credit risks. the position was uncovered and exposed and dealt with quickly enough what roar uncovered positions are lurking out there or what the next big wall street screw up might look like. this is the spector that haunts us, the notion that we can t simply trust our elites like jamie dimond to run their corporations what followed in the hearing was down right bizarre. while diamond was there to apologize. many of the senators were there to apologize to him, to seek his wise counsel. i would like to come away from the hearing today with some ideas on what you think we need to do. is there a true, real version of the vocal rule that you think makes sense? wh ....
while diamond was there to apologize. many of the senators were there to apologize to him, to seek his wise counsel. i would like to come away from the hearing today with some ideas on what you think we need to do. is there a true, real version of the vocal rule that you think makes sense? what can you suggest to the regulators? what would you do? to me this entire hearing was a perfect microchasm of who have overseen a cascade of crisis. elite s will be plichbtded to the destruction they have caused. in their attempts to only too happy to point out that it s the same united states congress, one of the as we have previously noted on the show, is even less popular than paris hilton than the prospect of a man who once worked on the senate banking committee put it to me this way, the world has worked on the markets while they have reason to be skeptd kl. so what you have got now is a society that is demoralized because they have nothing to believe in. we ....