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Are you looking at . As you give us the eps number, it matches estimates, but the sales number is a big miss. Comparable sales, spain samestore sales was down 1. 6 . Analysts were looking for a gain of 1. 3 . What happened in the First Quarter was the weather issues. Frigid temperatures in february. Multiple winter storms. Amateurs were much colder in february than they were in the previous year. A late easter as well. Inventory buildup that carried over into the First Quarter and macys had frequent oneday sales, giving you an indication of how frequently they had to markdown merchandise to clear store shelves. That pressures margins as well. In terms of growth margins, 30. 9 for the quarter. Higher than what analysts were looking for, 38. 7 . The key much the same as it was one year ago. Samestore sales number caught my eye, and unexpected drop of 1. 6 . What we hear from macy ....
A new record by far. And it is game time, win or lose 14 usa today in the world cup. Four team usa today in the world cup. That is going to be a 4 p. M. Eastern time. First . A lot of news to cover for you this morning. Chrysler just breaking the news on their june auto sales, much better than expected numbers, over nine percent. Alix steel has more on chrysler sales. Lets put that number in perspective. Auto sales for june, for chrysler, over 9. 2 . The estimate was for 5. 9 , almost double what analysts were estimating compared to an expected drop in ford sales as well as in gm sales. Chrysler really outpacing the industry there. Why did this happen . You can attribute it to truck sales over car sales being down 19 . Within the brand it was really the fiat brand and the jeep brand that help to drive sales higher. Interestingly enough, chrysler also sees june u. S. Industry auto sales to be 7 Million Units spaced out for the entir ....
Good morning. Schatzker, Stephanie Ruhle is on assignment. She will be back on monday. We will begin with the newsfeed, the top business stories from around the world. Has few if any surprises. The u. S. Economy added 270,000 erasemore than enough to the desecrated by the financial crisis. Thanca now has more jobs prerecession. And limit remained steady at 6. 3 . Talksf america it is in with the government over Mortgage Backed securities. That will be used for relief to homers relief for homeowners. Benjamin lost he wants heads to roll. An insider says he is pushing to have the banks chief operating officer and others dismissed. This has to do with companies dealing with countries who are sanctioned. Authorities are looking for a 10 billion fine. To bring sunshine to the shady world of High Frequency trading. Proprieta ....
reform. chairman of the weighs and means committee is pushing hard for tax reform. they are focusing on it and pushing it for the next 18 months, for the remainder of this congress. host: what is the heritage foundation supporting? guest: tax reform. we are in favor of the new flat tax but it s a flat tax on income you spend. host: people can check that out on heritage.org. guest: yes. host: you talk about the territorial tax. you ve discussed that a bit this morning. that s something that the heritage foundation supports? guest: yes. host: this editorial today in the baltimore mother sun talk about the issues that come up with the territorial tax. while capital would more easily flow from foreign operation back to the domestic parent, evidence from the 2,000 four repailtyation holiday indicates that most firms with stock piles of foreign cash already fully fund their domestic investment opportunities. explain that. guest: holiday is backward looking. it eppeds up being ....
in america, they are going to do what? they are going to stay and more importantly they are going to come. they are going to come. the tax code is a business opportunity. it does not have to be a burden. we have simply made it a burden in this country. this map shows you what the global tax rates are around the globe. we are here in orange, in the 30% to 39% rate, we are actually at 39. we are at the highest of the orange countries. look who is 10 to 19. here up here around 40 in america. look at our friends to the north. anybody been to canada recently? it s not a bad place. they got good schools, good energy infrastructure. wars don t break out there very often. nobody s out to get them. it s pretty pleasant. they charge businesses about half what we charge for them to have the pleasure of doing business there. i m just asking, mr. speaker, you see the young people that come through this capitol, ask them, where would you start your business? would you start it in the ....