Is it once the best of times the banks, tax and industrials and its the worse of times if you own the drug stocks or anything retail. This stock economy plays out every single day the dow loss 85 points s p clime 2. 3 and nasdaq 3. 0 a sale on j. C. Penny, a sale there was nothing rev latory about either call. There was an element of sorts well sartre you have to wonder if the retailers are condemned worse than death city says j. C. Penny is whithering, that they cut expenses to the bone there seems to be no way out macys, one word, one word got us going its worried about the dividend. Stock of macys been hanging on because its 8 yield the Balance Sheet not so bad, but city says macys not the option outing to cut its dividend just the few years ago the stock was in 70 bucks, the talk about macys selling off the real stake. Now at 18. 34 it almost feels like its too late i thought the report was too down beat, the ceo jeff start a honeymoon in this. With this downgrade, it made me feel
Once again, good morning and welcome to squawk alley. Joining me at post nine, sara eisen, mike santoli, carl keent nia has tkne quintanilla has the morning off. A big interview for us from omaha, bullish comments on apple from Warren Buffett. Becky quick is live there, berkshires temporary headquarters for the weekend in omaha, nebraska, with details, especially on ibm. Thank you very much. We talked to Warren Buffett about ibm, apple, a lot of different issues but lets start with ibm. Warren buffett says the case for ibm doesnt make quite as much sense to him as it used to. He told us last night that he went ahead and sold about onethird of the position he held in big blue over the first and second quarters. Thats pretty shocking because Berkshire Hathaway was the largest shareholder and shares of ibm that controlled about 9 of the shares outstanding. Buffett told us they went from 81 million shares down by 25 million. They still hold more than 50 million shares, which means there is
We helped restore their dignity and their positivity and their hope and their physical safety and wellbeing. We have escorted them bag to the police station. Reporter these worked at the ferry station said this had never happened before. A plais backed locals and tourists. Abc7 news. We have breaking news out of england where police in manchester have confirmed multiple fatalities after an incident at a packed Ariana Grande concert. Right now, theres report of an explosion. In a statement minutes ago, authorities said there are a number of confirmed fatalities with others injured. Theyre urging people to avoid the area as First Responders are just now getting there. We will stay on top of the story and well update you as soon as we get more information. A third suspect in custody for a Home Invasion robbery that left a san jose woman known as miss flo dead in san jose last september. Police arrested arrestyearolarres. You might remember this. Intruders broke into the home. She was seve
The 195nation pack. For trump now to go awol is a tragedy. Its certainly not well thought out. Reporter abroad, china, germany, and russia all failing to persuade the president that the agreement is right for the world. The vatican calling it, quote, a huge slap in the face. The only voices that are saying pull out are a handful of Call Companies and right now the head of the u. S. Environmental protection agency, which is an incredibly irony. Reporter but some are praising the decision saying it keeps trumps pledge, america first. There have been estimates from independent third parties that say that we could lose over 6 million jobs, and its just not fair. Reporter president obama reacted saying tin absence of American Leadership he is confident states, cities, and governments will step up. He long music, the founder of tesla, announced that as promised he will stop advising President Trump following the withdrawal from the accord. He is part of the manufacturing jobs initiative. Tod
Penn presbyterian. Great doctors, great staff. Reporter 57yearold councilman underwent surgery overnight but he bounced back quickly and askeing to home. He spoke about the terrifying encounter with a knife wielding suspect. The next thing i know hes there next to me with an urgent look on his face. Reporter councilman oh says he realized immediately something was very wrong. And then he punched me in the lower rib which i happen to know what that is so i said, did you just stab me . And he had. I looked down and he had a seive more than a knife it was a seive. He said, keys, car, wallet, cash, everything. He said i want everything. At one point in time he lunched at my, you know, face i had to put my hand up and i got cut across the forearm. Reporter in the middle of the attack council om revealed several men in white car pulled up asking do you need help . But thinking it was the suspect who was in trouble. They took out their smart phones and they were recording what was happening.