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Lets take a look at the markets. Ate is how it was trading lunchtime. I have percent higher. We are seeing some regional strength right now. We will be back in half an hour. Time now for bloomberg west. Emily im emily chang. You are watching bloomberg west. Vmware on its way up. A path forward with restructuring. And twitters revolving door is still swinging. We check out the ceos record and tough job she has ahead. Lead, iphone sales are stalling. Overall sales were 2. 9 billion dollars. Profits, a 2 increase. The real number to watch is iphone sales. Decades,irst time in iphone is forecasting a decline, the market for iphones may be peaking. A different economic environment around the world, seeing softness in hong kong, a big part of their china business. Take a look at what tim cook had to say moments ago. we are seeing extreme conditions everywhere we look. Major markets including brazil, russia, japan, turkey, southeast asia, and the eurozone have been having weakening currencies ....
Staples and childrens place, well break them all down for you. Paypal cofounder reed hoffman fires back at carl icahn and ahead of tomorrows big jobs number weekly jobless claims did decline slightly as we said. Well start with retail. As we mentioned three big misses, costco biggerthanexpected fall in profit as deep discounting during the Holiday Season hurt margins. Childrens place announcing an 18 drop in Fourth Quarter earnings. Highly promotional market in Severe Weather and then staples missed on revenues said its going to close more than 200 stores by the end of the year now that nearly half of its sales are generated online. People are calling it a triple whammy in retail and obviously tough news for obvious reasons. Disconcerting mostly by costco because costco when i saw the number, hey, thats not so good but w ....