Progress by now. Reporter progress will take longer, sausalito is having to relaunch the bidding process for the cleanup after failing to meet all of the criteria set forward by fema requirements necessary for that funding. We do not follow it exactly, it is very complicated and we have not done that in the past. We missed a couple of the criteria, the checkoff criteria. The bidding process begins again, this time the city manager will have the authority to accept a bid on behalf of the council if that helps to speed things up. Starting over however will push the cleanup back at least another month. We are all very cognizant of the timing issues and try to get that resolved and on its way. All in all yes it is an inconvenience but you know, no one got injured. I couldve been a lot worse. Let us step back a little bit and think about the circumstances that sausalito finds itself in. Earlier, not too many months ago, we were in paradise with the city council was telling oaks that had mov
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Hell tell you why, he debates whether hes rights. Heb it was amazon, it might have been apple too, netflix, apple is hitting an alltime high. 156 a share. Well have those details coming up. And then a rare interview, she was the first woman to head a Hollywood Studio back in the day, not too long ago. Sherry lansing will join us. There is a new buy biography about her i cant wait to talk with her on what shed do today. We have mothers day this weekend, may be a welltimed placism of the book, maybe a good gift. I see youre selling the book now okay. I just realized that would make sense. Yeah. Well ask her about that. We do start with retail which is struggling so much. Its jp penny getting hit hard after reporting disappointing numbers this morning. We also have the retail report from the government this week. Courtney reagan joins us with more. Its very hard in terms of the Department Stores. The numbers are down 20 this week. The numbers are bad. Exactly. I think one of the best perf
Our road map begins with the retail surprise. Best buy, sears, Williams Sonoma, all with earnings beat. Shares of best buy are surging. And Mickey Drexler is explaining how the j crew market missed the tech revolution. The s p is on track for another fresh record close. Opec agrees on the cut extension and oil is down. A lot of news on the retail front. Best buy is up, helped by an unexpected increase in u. S. Comps. Williams sonoma is out with better than expected guidance and earnings beat and then sears coming in above forecast. Although sales continue to slump. Its not often, jim, an 11. 9 decline in comp is actually above expectations. Yeah. Look, sears is a big short squeeze whenever it goes up and people realize well, wait a second. Even when they keep selling Closing Stores the existing stores have bad numbers. These are terminal numbers. I mean, i wont tell you that maybe you can close all of the stores and see the stock go up. But i have never i mean, there has never been a r
Business insider ceo is joining us this morning. A lot to get to with henry. First off, shaking off the amazon effect, shares of a number of retailers moving hire this morning, but all eyes are on best buy, 52 week highs after glowing past estimates on the top and bottom limenes. And sears and Williams Sonoma getting a best on earnings. Henry, this is interesting because so much obituaries have been written because of amazon. Some people are arguing are finding ways to move around it. Some are, no question. Its not like stores will disappear. The great irony is as this is happening, amazon is starting to open stores. But clearly this is just earth shaking behavior within retail and there are just different formats that are working. I think i figured this one out. Digging through some of the earnings reports and transcripts, i think its programs the Home Remodeling trend and the late federal refunds. You take a look at best buys report, online sales were up, but home theatre was up abou