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Yesterdays negative market action. There you can see the s p, the dow and the nasdaq, all looking like we may be implied at least for a positive open. We shall see. That allimportant tenyear note deal. Interesting how rates have been moving up over in china in terms of borrowing rates. How are we doing here in the states in well take a look at the tenyear, which is still hanging right in there at that 2. 7 range well call it. Go across the atlanta to europe. Well call it a mixed picture. Is that your call . Yeah. They dont celebrate thanksgiving there. They dont have that seasonal lift like we have here. Thats true. We start with tiffany, shining just in time for the Holiday Season. Sales in asia helped to shield the outlook and the stock. Remember when jos. A. Bank withdrew its offer to buy mens wearhouse earlier this month . Now theres a twist as mens wearhouse tries to buy jos. A. Bank. Tiffanys posted better than expected resu ....
Season would start and why mike duke is leaving years before expected. He hasnt been there but since 2009. His predecessor, lee scott, 2000 to 2009. It seems like a shortened period. Also, as someone who follows retail closely, this is not the time to change horses, so to speak. At the same time, i am sure this company will, without a doubt, say it is seamless. I want to hear from david, that there is nothing pertinent that would make it so this seems wrong. I dont think it is right. David, you do know mcmillon well. What can you tell us . I spent a good amount of time doing our last document on walmart, which has to be about five years ago. Then, there was a lot of speculation he would be the next ceo. I remember distinctly discussing it with him. It did make air on the documentary, that idea. He was running international. We spent a couple of days together in china. Certainly, wellschooled in international, had run, i believe, cosco prior tco, prior. You mean sams club . Sams club, e ....
Later, the Consumer Confidence number is released for september. We were originally speccing Housing Starts at 8 30 eastern today. Permits will hit the tape, but the government is delaying the starts and completions again. They are still blaming the shutdown for this. The Commerce Department now plans to share that information on december 18th. We go from the economy to earnings. This mornings horts include hormel, tiffanys, and barns noble. Also, other market related news, takeover premiums are shrink to go historic lows. The wall street journal reports more than 9300 deals and so far this year the average premium has only by 19 of a target the week before. That compares to a historic average of 30 . Among those factor tos are booming economy, a worry Interes ....
What government does is unnecessary. Did you notice the government shut down . If they dont notice it then just just shut it that is our show tonight. John just shut it that is a road idea that some people tell me but my hope is this current partial shutdown at shut down as the government ceases to operate that some pauses at teaching moment even politicians might realize we dont need all of this sid given that america is going broke we should cut it now. I am probably deluding myself given what i read in the media but not senator lee so you kick started said senator Lee Obamacare movement that led to the shutdown in you dont think that partial shutdown is a bad thing . I say that it is unfortunate we had to get to shut down in the first place. We should never be in a position amir told we have to fund all of government to fund any of government. It should not be an end all or anything we usually take a segment of federal spending ....
What we have for you, bill oreilly, steve forbes, we have the 2015 escalade, its parked outside and theyre going to try to sell me one. We have the middle school that is banning tag at recess because of lawsuits . Weve got a lawyer on that, too. And 58 of you do know the want to raise the debt ceiling. Ha. Varney company is about to begin. We gave people a sticker and had them show us. We learned a lot of us have known someone whos lived well into their 90s. And thats a great thing. But even though were living longer, one thing that hasnt changed much is the official retirement age. The question is how do you make sure you have the money you need to enjoy all of these years. Remember this commercial from citizens against government waste . We remember it well. It looks like it might be coming true. China isnt laughing today. It holds our debt and flexing its muscle, giving a warningcone in order and do not default on your debt. Now, thats a sentiment that is not echoed by you, the vote ....