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 when i read the release they were telling you they were unhappy with their performance. Its the new pattern where someone says, look, its not just the weather, we didnt
Are across the major indexes. The dow the worst performer today, off 200 points. Thats roughly session lows here. A lot of that though we should mention is boeing. That company reporting earnings that were better than expected but guidance for 2014 that was weak, its contributing about 50, probably closer to 60 or 70 points now of the slide were seeing on the index. Here is a look at the other indexes. We have the nasdaq which is off about 48 points at this hour. Some of the big tech names weighing on it, while biotech doing a little better. Finally the s p 500, this is one to watch. Its off about 19 points, 1773. 1770 and 1765 have been some of the key levels of support, simon, people are watching closely. Its quite clear were losing ground as we head towards the end of the session. Lets talk about the Market Action and that decision from the Federal Reserve. Joining us now, gina sanchez, Nathan Bachrach from financial network. Keith fitzgerald is here from money map press, and ron we
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