Can you guess what company just passed facebook to become the second most downloaded app in the world well goat you the answer a bit later in the show. Its a busy hour were kicking it off with target missing the mark a once red hot retailer posting the worst day since november 2018 after reporting sluggish electronics sales. Target which had been a bright spot for the sector and market in general joins kohl as jcpenney five below and l brands failing to meet holiday expectations. The xrt, the etf tracking the group, down more than 1 to kick off the year. Guy. Yes, zwlier do you think there are cracks in the consumer showing . I dont think its an indictment of the consumer at all. I think in this case one off misses we have have a consumer conversation but i dont think its about target the stock went from 80 to 130 in a Straight Line and finally valuation catching up to walmart compsy disappointing you cant say they were not. They reiterated Fourth Quarter guidance and margins down. Sto
Reduced share count, we also announced we would increase our dividend by 10 . Hsbc first half net profit tops 18 billion more than doubling on the year before sending shares to the top of the stoxx 600 Ceo Noel Quinn says they will gain from the performance. If all goes to plan this year, we should be above the prepandemic level we are paying a flat 10 cents. Investors in high spirits as diageo posts a beat in full sales and operating profit the ceo says double digit net sales in beguinness is a driver for the group. People love guinness right now. And daimler helps offset pressure with the bullish guidance for the trucking sector we will hear from the ceo martin daum this hour we certainly have been following the busiest weeks for earnings across europe bmw released their numbers for the full year outlook. Updating the full year outlook the margin is at 12. 6 for the first half of 2023 also saying that it is 11. 3 when one just takes a look at the three months of the Second Quarter fo
But overshadowing by security concerns. Mastering malaria. This is the first vaccine against any parasite, not just against malaria. Hope against one of the world ass most deadly diseases. And biker battle. The uber like service on motor bikes and the sometimes violent reaction to it on the streets of indonesia. Part part of grerve sustains against i. S. I. L. Erdogan also announced a new collaboration with the u. S. Led forces fighting i. S. I. L. Coalition jets will now have access to two key air bases in Southern Turkey to launch air strikes. Mohammed jamjun reports from turkey. Reporter the escalation was swift and severe. On a lot day along turkeys volatile border with syria the fight began. Retaliation of a killing of a turkey officer. Hours earlier early friday morning, f16 fighters jeghts bombed syriafighters jetsbombed from turkish bases. Turkish Prime Minister ahmed dabatolo aired a familiar rea refrain. Whoever poses a threat to the borders of the republic of turkey they wou
I appreciate members participation during yesterdays igs session. I was glad to hear everys initial thoughts. However, a number of issues were raised yesterday that in my view warrant some additional responses. First at characterization of the bill as a massive tax cut for the rich that particular claim was repeated by almost every minority member of this committee. The problem with that claim is that its just not true. The joint committee on taxation a nonpartisan congressional scorekeeper has concluded not only does the bill maintain the current level of progressivity in the tax code but the largest tax cuts in terms of percentage of income will go to middle income earners. I understand that the districtsal analysis is inconvenient for the democrats who are committed to the narrative that republicans intend to give the socalled rich a huge tax cut. But jcts analysis shouldnt be ignored altogether. Secondly, there was the repeated claim supposedly placed on jct analysis that the bill
Type tax reform. Today is day two of the Senate Committee review live on capitol hill. This is just getting under way. It collects input from amendments that have been filed. Because of a larm number of amendments we have processed the modified mark will be given to members later today as has been discussed with our Ranking Member and everyone can then have time to read over the modifications. After that process we will resume a markup tomorrow morning with the modified mark. Before we proceed today i want to make a few comments. I appreciate members participation during yesterdays session. I was glad to hear everyones initial thoughts. However a number of issues were raised that in my view werent additional responses. First is a massive tax cut for the rich. That particular claim was repeated by almost every minority member of this committee. The problem with that is that its just not true. J. T. C. s analysis shouldnt be ignored all together. Secondly there was the repeated claim tha