Going to me on the phone is chuck grom, Gordon Haskett retail analyst. Joining me in new york is Lauren Goodwin, new york life multiasset per folio strategist, and Brooke Sutherland of bloomberg opinion. Give us a rundown of where walmart fell short. Brooke it was not great all the way around. The fourthquarter came in weaker than expected, and they called out unexpected softness in the weeks leading up to christmas, which is not what you want to hear from a major retailer. That is in line with what weve heard from a number of Different Companies that are not named amazon, which raises a lot of interesting questions about what the Competitive Landscape actually looks like. Also weighing on investors is the 2021 fiscal outlook, which was also weaker than expected on sales and profits. Alix the stock rating is heavy here in premarket. The bad news baked in. Is that is why is that why you have a buy rating here . Chuck weve had a buy rating for a while, not just here on the fourthquarter.
Politically, saying that you want to break up the companies feels nice, right . Its like, okay, there are issues lets just take a big hammer and go do it but i just think the reality is, we want to be we want to make sure that the things that we do actually address the problems. Well, joining us now here at post nine, bob pec, now chairman of Global Internet banking at barclays thanks for having me. Congrats on the new job excited to be there so lets talk about facebook and social media writ large. Because its interesting facebook has done okay over the last quarter i think theyre up Something Like 14 snap, meanwhile, which a lot of people had given up for dead, up more than 30 . So whats going on in the sector whos winning, whos not i think its important to level set the general markets. The s p is up about 17 give or take nasdaq is up about 20 , give or take yet the f. A. N. G. Names as a group are up about 20 give or take and i think yeartodate, snap is up 150 or so so youve seen St
Nervous about warning students because they dont want to give them ideas. I certainly learned there are big differences between eagle fans and vikings fans. Four more days. Chris oconnell freezing mind enemy lines. All right, minnesota. Bring it. Now, fox 29 news at 10 00. Eating tide pods, what . This is supposed to be some kind of challenge apparently. One local school says its just stupidity. Administrators theyre saying torn here. They want kids to know that eitherring laundry detergent is clearly wrong. But they also dont want to give them any ideas. Fox 29s dave kinchen is live in neshaminy with the urgent warning from School Leaders to parents. Dave . Reporter these challenges often get around a little bit slowly when it comes to parents hearing about it but this one is getting across quickly because of its deadly potential. I didnt hear about this. This just happened today. Reporter lynn did not know about the tide pod challenge until fox 29 filled her in on the latest craze ch
A vote could be held next week. Global news 24 hours a day. I am Alisa Parenti. This is bloomberg. Bloomberg technology is next. Emily i am emily chang and this is Bloomberg Technology. China fortifies its firewall in the latest move to tighten online censorship. We dig into the new crackdown. Teslas model 3 production goes into overdrive. Twotime nba champion and emerging investor i do iguodala making a iguodala is big play for Silicon Valley. Bloomberg scoop china is cracking down on what its citizens can find on the web. It has ordered the three major carriers to block individual access to Virtual Private Networks by february 1. It essentially shuts down a major window to the global internet. Thousands of websites are currently blocked in china including facebook, twitter, and some google sites including youtube. Is normally based in tokyo but joins us from new york today. What do we know . China has been playing this game of cat and mouse with Virtual Private Networks for years. Fo
This is not simply a military Campaign Like the meeting occurred after a coalition targets. Against the World Health Organization says the new ebola cases may hit as many as 10,000 a week by december. The dallas nurse infected with the virus issues doing well. Here is dr. Tom is friedman. Why some dot sure better than others. People who are healthy going into the infection are likely to come out of it. Care canhat health make a big difference. At least double the likelihood a patient will survive. The nurse received a blood transfusion from dr. Kent gramling who recovered from ebola. Teaming up to ibm form a new cloud partnership. Noll allow deliver one sap will have a chance offer products lot having to build its own data center. Is ending business in north america. The cost to market the service were astronomical. The ceo is leaving the company. They will retool to focus business on europe and asia. To our lead carried more signs that a rebound in the pc market intel, reporting gains