Reporter its true, we have a couple big stories, also were keeping an eye on ruby tuesday and abercrombie fitch. Ruby tuesday getting a huge pop today, so its up about 6 , 7. 23 a share. This is on reports that they are working with Goldman Sachs to consider some strategic options. So that was reported by debt wire, and well continue to follow that. Of maybe a big change could be coming for ruby tuesday, some people are betting exactly that. And then theres abercrombie fitch, a story we have followed all year long. Theyve been under pressure. The ceo has been criticized for some of his comments and also the performance of the company overall. Right now its down 25 . Ceo Mike Jeffreys getting his contract resigned, it was due to expire in february, but now he gets another year onboard. But at this time it would be a more simple contract, a contract that will be more based with incentives on the performance of the company. So a more closely tied to the companys performance overall, so th
A super bowl coach says, we better take a look at medical marijuana. Varney company about to begin. Then expanded . Or their new product tanked . Or not . What if they embrace new technology instead . Imagine a companys future with the future of trading. Company profile. A Research Tool on thinkorswim. From td ameritrade. Theres nothing like being your own boss and my customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotion is in order. Good news. I got a new title. And a raise . Management couldnt make that happen. [ male announcer ] introducing fedex one rate. Simple, flat rate shipping with the reliability of fedex. Stuart two new polls from the Washington Post this morning showing support for president obama is dwindling. Here are the numbers, 63 say they do not have confidence in president obama to make the right decisions. More than half the country now think that is president obama is not a strong leader. Now this is the
330,000. Also manufacturing pmi, the fhfa home price index, the leading Economic Indicators and then the Kansas City Fed survey. The annual fed symposium in jackson hole is just Getting Started and steve lessmiesman w join us from there. Were going to get over to michelle, who has some headlines for us. Corporate news. A number of tech stories this morning. Hewlettpacka hewlettpackards Third Quarter earnings and revenue met estimates. A 9 decline in the Enterprise Group revenue. Thats hps second Largest Division and key part of Ceo Meg Whitmans turn around plan. The companys outlook was also disappointing. Hp announced it is shuffling some of its top management ranks. Shares falling in after hours trading, lower by 8 in the premarket. Well talk to well talk to an analyst in the next hour and ceo whitman will join squawk on the street 9 00 a. M. Eastern time. Apple lost tablet share in china. A drop to 28 versus 49 a year ago. Samsungs market share increased at the same time. The real w
Frz germany and the euro szone i at a fresh year twoyear. Hp ceo, shares of the dow component under pressure after last nights earnings. What could turn hp around in just a few minutes. Retailer abercrombie and fitch getting hammered in the premarket. Ceo says young consumers are not recovering. Sears is coming in weak. K mart down more than 2 . And one point for marissa mayer. Yahoo beating google in u. S. Web rankings. Weve got the details coming up. But well start with hp. Stock down in the premarket as the tech giant reports 8 drop in revenue in Third Quarter thanks to problems in pcs. Servers and other businesses. Company also announcing some changes to the top management. Replacing the executive who had been in charge of its struggling Enterprise Group. So many questions, jim, for meg. Where are you going to begin . Im going start with have we regressed . We had a fiveyear turn around plan. Shes doing very, very well. Remember, the stock was right about here when we came in. Stoc
Pilots made. That may have doomed them. Good eveni. This is kpix 5 news. What was going on in the cockpit . Tonight the assumption the pilots made that may have doomed them. Good evening, im allen martin. The ntsb says the pilots were not tested for drugs or alcohol. Two fright attendants were thrown from the plane, and there are questions tonight about whether something went wrong with a piece of equipment that the crew was counting on. The crew told investigators they set the planes auto throttles to 137 knots then assumed they would maintain the correct speed. We have a flying pilot, and we have two other pilots that are in the cockpit and they have a monitoring function. One of the very critical things that needs to be monitored on an approach to landing is speed. Three pilots were in the cockpit at the time of the crash. The flying pilot, the one that was training, was sitting in the lefthand seat. His supervisor was in the righthand seat. This was the first time that he and the f