KQED Nightly Business Report February 19, 2016
Reported slowing sales growth and said that wont change much this year. Profit at the dow component continued to come under pressure as a result of multibillion dollar investments in worker wages and ecommerce. Investors were hoping to see those investments start to pay off in better results. Apparently it hasnt happened yet. And that weighed on the stock which fell 3 , making walmart the worstperforming member of the dow blue chip index today. Morgan brennan has more on walmarts gloomy outlook. Reporter as walmart continues to bank on a turnaround, it played out in Holiday Season earnings. In...