That interview to continue the conversation. This company is well under its way to try to fix some of the issues that led to that data breach. Now, mulligan says he has three priorities. Trafficking sales here in the anded states, fix canada, transform to an on the channel retailer. Drive more sales off line. He acknowledged that target has lost their mojo. Fixing that is the question of what he calls an shackling ourselves, allowing ourselves to take risks in the stores. When we are at the best, we are driving newness into the stores. We have a great high plane of innovation that were going to bring over the next several months. We need to expand that and get more to the guests. Target is trying to revamp their baby department. Theyre trying more partnerships with sustainable radix vendors. Product vendors. What do the customers want . See what works. That is very difficult to do when youre struggling with other issues. Like an target do about canada . Canada has been a challenge for
Innds and taking a 70 stake 17 stake in monster beverage. Alibaba will not be able to publish results on time. A will go public next month. The unrest in the wake of a shooting of a black teenager in new policeissouri, a commissioner hopes to turn things around, but the question arises, why have local policemen armed as if they are in police been harmed as if they are in a military zone. Phil mattingly, this has gone on to washington. Is there a single definition for why local Police Forces have been using militarystyle equipment . Vincent truglia teambuilding for the last couple of decades. It kicked into high gear post september 11, 2001. Use a change of posture and state police. Postureaw a change of in state police. It made it an issue of not only who gets the money, but how much money can we give them. The key has been a department of Defense Program called at 1033 program. That was written into law. Excess material from the department of defense can be transferred to local Police
Low hanging fruit. It could get a lot worse because only about a quarter of the companies on the s p 500 have reported their earnings so far. How do you navigate the choppy waters . Well talk strategy later on in the program. Lets look at where we stand as we approach the final stretch. Down 83 points, twothirds of 1 sitting at 13, 260. Nasdaq getting hard hit. Down about 3. 75 points. It has bounced off the lows which happened at 2 00 p. M. Eastern time with a fractional decline on nasdaq as we approach the final hour. S p down twothirds of 1 . Thats nine points lower. Were not finished. Will the bad news continue . What does it do for the markets . Joining us with their perspectives on closing bell here today, Danielle Hughes and bob pisani will join us later by Matthew Lloyd. Danny what do you make of the earnings so far . There have been high profile disappointments that have taken the wind out of the markets. There have. This week we have 155 Companies Reporting the in the s p. It
Confide essant. First we have some breaking news from Steve Liesman down in steamy washington. Steve . Thanks very much, jeff lacquer, the richmond fed president making some of the since that strong jobs report. He cease saying the jobs report is more representative of the economy than that negative gdp number, talking about an issue that weve been discussing, between strong job growth and weak Economic Growth overall. Lacquer, however, saying he does not see growth over 3 likely in the near future. Thats not his call. He sees an economy that continues at this 2, 2. 5 gdp rate weve had over the past several years. Both have slowed since the great recession, and its thats a suggestion that he doesnt see the need for huge still lug from the federal reserve. He does say its going to be hard to see a speed upin Consumer Spending on the hidesen, and households remain cautious on spending, on real estate, and it could be a while before Housing Construction returns to normal. The latest data
Suggestions of a hard landing. Shares saw the uk Engineering Group receive a bid from Frances Schneider electric. The big u. S. Banks get set to kick off earnings today with jpmorgan and wells fargo being the first ones out of the starting gates. Warm welcome to you. Final Worldwide Exchange of the week. And we start off with a look at where we are with equities. 6 to 3 advancers outpacing decliners. And buoyed by the fresh record close on u. S. Indices. The dow closing up. Ftse up 38 points. Today,. 6 today. Were up another 21 points. Ibex is lower. Still concerns about the look at peripheral. Looking at the individual stories that were looking at here. First of all, invensis up. They say it is likely to recommend a firm offer of around 505 pence a share. And still more share weakness for serco. Off 8 yesterday. Another 2 weaker today. An audit found the private contractors had overcharged the uk government for running schemes to attack criminals. Tens of millions of pounds were charg