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Nov 15, 2013
11/13
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he's the long-time chairman and ceo of abercrombie & fitch. all sorts of apparel retailers, everybody from gap stores to macy's to american eagle outfitters just posted nice beat, positive guidance last week. heck, even jcpenney has been getting more positive. that company has been the benchmark for retail disasters. yet at this moment when so many retailers are doing so well, abercrombie & fitch delivered truly hideous numbers a week and a half ago. stock is down 27% year to date, s&p 500 is up 25%. s&p retail etf has rallied 40%. so we've got some really ugly underperformance going here. but if that was all there was, a bad quarter, a broken stock, i wouldn't be coming out here to criticize ceo mike jeffries. while i might tell you to sell abercrombie, i'm not sure i'd give it a full thursday sell block. we know the teen retail industry can be incredibly fickle. unfortunately, there is so much going wrong at abercrombie & fitch that the "teens are fickle" excuse can't possibly cover all of what's going wrong. which is why tonight i'm putting
he's the long-time chairman and ceo of abercrombie & fitch. all sorts of apparel retailers, everybody from gap stores to macy's to american eagle outfitters just posted nice beat, positive guidance last week. heck, even jcpenney has been getting more positive. that company has been the benchmark for retail disasters. yet at this moment when so many retailers are doing so well, abercrombie & fitch delivered truly hideous numbers a week and a half ago. stock is down 27% year to date,...
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Nov 13, 2013
11/13
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ALJAZAM
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the white house kept insisting, look, he's trying to fitch the website, he does not have time to talk to you. the chairman wanted to hear from park so he is here today. he said things are getting better. he admitted volume is still a problem. he said there are other key problems, which he did not identify. he said right now, 20,000 to 25,000 people at a time can get on the website, which is an improvement, but still a long way to go. >> is there a sense that this could be more of the same on the the republican side? there have been a lot of hearings about the problem with healthcare.gov. is there a sense that anybody is trying to fitch the problems no. >> there have been at least two dozen hearings and this is in a sense more of the same, testy language between the republicans and democrats, chairman daryl isis saying the government has had time to do this, they made a mistake trying to go live on october 1. it blew up on the launch pad. the ranking member on this committee argues that no one in the hearing or even in the country believes that republicans are trying to fix the website
the white house kept insisting, look, he's trying to fitch the website, he does not have time to talk to you. the chairman wanted to hear from park so he is here today. he said things are getting better. he admitted volume is still a problem. he said there are other key problems, which he did not identify. he said right now, 20,000 to 25,000 people at a time can get on the website, which is an improvement, but still a long way to go. >> is there a sense that this could be more of the same...
SFGTV: San Francisco Government Television
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Nov 18, 2013
11/13
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SFGTV
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robert fitch. >> hello. thank you for having me here. i am with the city college disabled students programs and services and i know you are aware of all of the stuff involved with a creditation but even on a statewide level as it relates to seniors and people with disabilities. trying to redefine the purpose of community colleges narrowly pretty much wiping out all of the people who go for a class or two the classes for disabled students and older adults programs particularly the ones that are offered out in the community places like the arc and senior center etc.. one of the members of that task force went on to write a state law that got through the senate and luckily stalled in the assembly rationing classes specifically nutrition and exercise classes foreseen i , seniors because it wasn't academic enough so there's an ugly force going on in the state to really really cut back on services for our aging population which is pretty ironic since we're probably all going to age. >> thank you mr. fitch. >> next item on the agenda is -- do w
robert fitch. >> hello. thank you for having me here. i am with the city college disabled students programs and services and i know you are aware of all of the stuff involved with a creditation but even on a statewide level as it relates to seniors and people with disabilities. trying to redefine the purpose of community colleges narrowly pretty much wiping out all of the people who go for a class or two the classes for disabled students and older adults programs particularly the ones...
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Nov 29, 2013
11/13
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FBC
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>> abercrombie and fitch were 50% off yesterday evening. the store was jammed, we have lulu lemon, very little promotion but we saw the longest lines, strong sign for them. on the flip side lot of mid tier department stores continued to struggle. this is the year of the high end, we will continue to follow through. ashley: all of these store openings on thanksgiving day, does that change consumers' outlook? does that take away from black friday? >> i don't think it does. over the past ten years we noticed one of the busiest online shopping days is thanksgiving day. the fact that those sales are starting to shift to brick and mortar stores and online is continuation of a tradition we have had over the last decade. ashley: does it heard those stories that made the decision not to open for the sake of their employees? did they lose a lot of ground by doing that? >> it is hard to tell. i would say mall traffic was so cayley in the evening last night. today we got back from the mall and it was much lighter. i would say today was more akin to a n
>> abercrombie and fitch were 50% off yesterday evening. the store was jammed, we have lulu lemon, very little promotion but we saw the longest lines, strong sign for them. on the flip side lot of mid tier department stores continued to struggle. this is the year of the high end, we will continue to follow through. ashley: all of these store openings on thanksgiving day, does that change consumers' outlook? does that take away from black friday? >> i don't think it does. over the...
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Nov 21, 2013
11/13
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KPIX
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. >> and the major marketing shift for abercrombie & fitch. ,, ,,,,,,,,,,,,,,,,,,,, bay area gets soaked by its biggest storm of the year. paul deanno shows us where ing right now. >>> now at 6:30 roadways flooded people running for cover as the bay area gets soaked by its biggest storm of the year. paul deanno shows us where it's raining right now. still raining out there? >> not on the sierra yes, in the bay area, no. we had a soaker of a day today. watch the contrast between the live picture, rain is done, and the six-hour ago time lapse. look at all the rainfall racing off. at lunchtime there it was racing through. it's heading east. we are getting a break. the roads will still be wet for the next several hours but the heavy rainfall after several hours of it is now finished. what comes next? the answer in about 12 minutes. >> thank you. >>> the stormy weather gave sfo a chance to test out a new landing strategy. mark kelly shows us how it works and what it means for travelers. >> reporter: a good part of the day today here at sfo it was just cloudy and wet. very bad news for an airp
. >> and the major marketing shift for abercrombie & fitch. ,, ,,,,,,,,,,,,,,,,,,,, bay area gets soaked by its biggest storm of the year. paul deanno shows us where ing right now. >>> now at 6:30 roadways flooded people running for cover as the bay area gets soaked by its biggest storm of the year. paul deanno shows us where it's raining right now. still raining out there? >> not on the sierra yes, in the bay area, no. we had a soaker of a day today. watch the contrast...
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Nov 21, 2013
11/13
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KRON
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abercrombie and fitch has had a drop in their quarters do you think this will help them? >> no. a couple of years in retell was not okay. at some point in time, one quarter best-you have seven quarters, is about two years of problems with a mentor. people have stopped shopping there. >> think they would do good, no, they will not turn around, was working in retell is places like tjx. you can get things for 40 to 50% off. >> and guess is different. abercrombie rego zack the teenager and gas go after everybodye is out to younger people, the gap has not been fun since capri pants. that's all i to say about that. >> did you ever appear? >> no. >> i would never work pants the show my ankles. >> it may sound like a shark tell, but it is true. this is what was washed up on the san francisco's ocean beach. this is believed to be a salmon shark. at least according to kirk lombard. here's a guy who saw the sharks into this video. >> it could be, but they basically look like a but just a miniature version 1. he relies but it was on the verge of dying but he did report the video. >> the tim
abercrombie and fitch has had a drop in their quarters do you think this will help them? >> no. a couple of years in retell was not okay. at some point in time, one quarter best-you have seven quarters, is about two years of problems with a mentor. people have stopped shopping there. >> think they would do good, no, they will not turn around, was working in retell is places like tjx. you can get things for 40 to 50% off. >> and guess is different. abercrombie rego zack the...
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Nov 21, 2013
11/13
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CNBC
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so is abercrombie & fitch worth your investment dollars? let's bring in the analysts, susan anderson is with fbr capital markets. she has a buy rating on the stock. howard tuben is with rbc capital markets. he has a hold on abercrombie. welcome to both of you. >> thanks. >> susan, i'm going to start with you if i could. down 25% on the year. are you playing this as basically a turnaround story or a takeover story? why do you have a buy rating on the stock? >> yes. we think at these levels it trades at just five times ebitda, it's expected to have $8 per share in cash at the end of the year. we view it kind of as the same thing as a gap turnaround. the consumers in it like the brand about five years ago. a couple years ago they were in a similar situation and implemented similar initiatives that we see them implementing now. two years later the stock has nearly doubled. we think abercrombie given its strong brand, global recognition is in a very similar spot and we think they have the right initiatives to really take it to the next level. >>
so is abercrombie & fitch worth your investment dollars? let's bring in the analysts, susan anderson is with fbr capital markets. she has a buy rating on the stock. howard tuben is with rbc capital markets. he has a hold on abercrombie. welcome to both of you. >> thanks. >> susan, i'm going to start with you if i could. down 25% on the year. are you playing this as basically a turnaround story or a takeover story? why do you have a buy rating on the stock? >> yes. we think...
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stearns during the two thousand and seven financial collapse the claim accuses standard and poor's fitch and moody's of assigning artificially high credit ratings to mortgage bonds now when those bonds collapse the funds failed resulting in more than one billion dollars in losses for investors in the complaints liquidator say e-mails which they say prove the agency knew full well that their high quality ratings of these mortgage bonds were bogus representatives for s. and p. fitch and moody's have said the charges are without merit and finally do you know how safe your big queens are inputs dot io a digital bitcoin wallet company was hacked last month now the bandits made off with more than four thousand bitcoin in other words one point two million dollars yeah one point two million now the founder of inputs dot aioe released this statement saying quote people are getting refunded but inputs doesn't have enough points to pay everyone fully i don't recommend storing any accessible on computers connected to the internet. now here's the thing keeping your because it away from a computer con
stearns during the two thousand and seven financial collapse the claim accuses standard and poor's fitch and moody's of assigning artificially high credit ratings to mortgage bonds now when those bonds collapse the funds failed resulting in more than one billion dollars in losses for investors in the complaints liquidator say e-mails which they say prove the agency knew full well that their high quality ratings of these mortgage bonds were bogus representatives for s. and p. fitch and moody's...
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fitch and moody's have said the charges are without merit. and finally do you know how safe your big queens are inputs dot iow a digital bitcoin wallet company was hacked last month now the bandits made off with more than four thousand bitcoin in other words one point two million dollars yeah one point two million now the founder of inputs dot aioe released this statement saying quote people are getting refunded but inputs doesn't have enough points to pay everyone fully i don't recommend storing any accessible on computers connected to the internet. now here's the thing keeping your big away from a computer connected to an internet maze seem a little bit like a paradox then realize heavily on networks of computers across the web but with crypto currency pirates who work it all over the net there may be very few options for safeguarding your big booty so be on the lookout well there you have it we'll be checking these stories and keeping you posted on all the latest as always. we have seen an unprecedented expansion in the monetary base over
fitch and moody's have said the charges are without merit. and finally do you know how safe your big queens are inputs dot iow a digital bitcoin wallet company was hacked last month now the bandits made off with more than four thousand bitcoin in other words one point two million dollars yeah one point two million now the founder of inputs dot aioe released this statement saying quote people are getting refunded but inputs doesn't have enough points to pay everyone fully i don't recommend...
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Nov 18, 2013
11/13
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CNBC
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forteny is staying away from abercrombie & fitch. says the teen retailer failed to produce a credible plan to turn things around, but this track will become a great value stock pick if it can show better products and a shift in consumer preferences towards or back towards its brand. that's the reason activision versus abercrombie & fitch a tale of two stocks. >> guys like jim talk about this because a stock is cheap does not mean it's a good deal. >> cheap for a reason. >> right. >> in a declining business, margins stink, whatever. >> and they become to many value stocks but i would say when you take a look when you mentioned, i was going to say, take a look at the short interest in those stocks that you think are value stocks versus value traps and ask yourself if there's a big short interest why it's there. i want to say on abercrombie which is interesting, you know, as they pump that stuff out of the store that odor it keeps people from going in because it stinks up the mall which is why until they get rid of that it will not ever
forteny is staying away from abercrombie & fitch. says the teen retailer failed to produce a credible plan to turn things around, but this track will become a great value stock pick if it can show better products and a shift in consumer preferences towards or back towards its brand. that's the reason activision versus abercrombie & fitch a tale of two stocks. >> guys like jim talk about this because a stock is cheap does not mean it's a good deal. >> cheap for a reason....
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stearns during the two thousand and seven financial collapse the claim accuses standard and poor's fitch and moody's of assigning artificially high credit ratings to mortgage bonds now when those bonds collapse the funds failed resulting in more than one billion dollars in losses for investors in the complaints liquidator say e-mails which they say prove the agency knew full well that their high quality ratings of these mortgage bonds were bogus representatives for s. and p. fitch and moody's have said the charges are without merit and finally do you know how safe your big queens are inputs dot io a digital wallet company was hacked last month now the bandits made off with more than four thousand bitcoin and other words one point two million dollars yeah one point two million now the founder of inputs dot aioe released this statement saying quote people are getting refunded but inputs doesn't have enough points to pay everyone fully i don't recommend storing any bitcoins accessible on computers connected to the internet. now here's the thing keeping your biquad away from a computer conne
stearns during the two thousand and seven financial collapse the claim accuses standard and poor's fitch and moody's of assigning artificially high credit ratings to mortgage bonds now when those bonds collapse the funds failed resulting in more than one billion dollars in losses for investors in the complaints liquidator say e-mails which they say prove the agency knew full well that their high quality ratings of these mortgage bonds were bogus representatives for s. and p. fitch and moody's...
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Nov 27, 2013
11/13
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CNBC
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i think the business is on a lot stronger footing than abercrombie & fitch. they have a strategy that works well. they just had some fashion missteps. while the stock is not doing very well right here, i think that's a better place to be if you wanted to dip into a beaten up team name. >>> happy turkey day. and it's hump day. all of guy's favorite phrases. >> and i'm going to fly to bean town and maybe go to fris co-. lol. >> coach or j.c. penney? >> ultimately there have been rumors that these guys are starting to see holiday sales. >> i don't believe there is value there. it just -- gas prices haven't been this low in four years. if you think about where people are coming from for the shopper that we think has been wounded -- >> you know, actually i like coach. exactly what liz said. only going to take a marginal amount to make this thing up. if you can get through that. >> this stock is up from 48 bucks. i mean, the spiral that it was in. >> it's not doing a macy's or any of the ones that everybody just loves. >> josh. >> i liked visa for 150 points now. s
i think the business is on a lot stronger footing than abercrombie & fitch. they have a strategy that works well. they just had some fashion missteps. while the stock is not doing very well right here, i think that's a better place to be if you wanted to dip into a beaten up team name. >>> happy turkey day. and it's hump day. all of guy's favorite phrases. >> and i'm going to fly to bean town and maybe go to fris co-. lol. >> coach or j.c. penney? >> ultimately...
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fitch and moody's have said the charges are without merit. and finally do you know how safe your big points are inputs dot io a digital bitcoin wallet company was hacked last month now the bandits made off with more than four thousand bitcoin in other words one point two million dollars yeah one point two million now the founder of inputs dot aioe released this statement saying quote people are getting refunded but inputs doesn't have enough points to pay everyone fully i don't recommend storing any accessible on computers connected to the internet. now here's the thing keeping your big away from a computer connected to an internet may seem a little bit like a paradox and realize heavily on networks of computers across the web but with crypto currency pirates who work it all over the net there may be very few options for safeguarding your big claim beauty so be on the lookout well there you have it we'll be checking these stories and keeping you posted on all the latest as always . we have seen an unprecedented expansion in the monetary base
fitch and moody's have said the charges are without merit. and finally do you know how safe your big points are inputs dot io a digital bitcoin wallet company was hacked last month now the bandits made off with more than four thousand bitcoin in other words one point two million dollars yeah one point two million now the founder of inputs dot aioe released this statement saying quote people are getting refunded but inputs doesn't have enough points to pay everyone fully i don't recommend...
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fitch and moody's have said the charges are without merit. and finally do you know how safe your big points are inputs dot iow a digital wallet company was hacked last month now the bandits made off with more than four thousand bitcoin in other words one point two million dollars one point two million now the founder of inputs dot aioe released this statement saying quote people are getting refunded but inputs doesn't have enough points to pay everyone fully i don't recommend storing any accessible on computers connected to the internet. now here's the thing keeping your big quote away from a computer connected to an internet maze seem a little bit like a paradox and realize heavily on networks of computers across the web but with crypto currency pirates who work it all over the net there may be very few options for safeguarding your bitcoin booty so be on the lookout well there you have it we'll be checking these stories and keeping you posted on all the latest as always . we have seen an unprecedented expansion in the monetary base over the
fitch and moody's have said the charges are without merit. and finally do you know how safe your big points are inputs dot iow a digital wallet company was hacked last month now the bandits made off with more than four thousand bitcoin in other words one point two million dollars one point two million now the founder of inputs dot aioe released this statement saying quote people are getting refunded but inputs doesn't have enough points to pay everyone fully i don't recommend storing any...
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how about abercrombie and fitch? down 13.5% now for abercrombie and fitch. also closing stores that are underperforming and those are going to try and bring in shoes, expand sizes and obviously make it more interesting for the holidays because they have been struggling with sales this year. and the bigger story, jcpenney. townsend and .5% right now, $7.67 per share for jcpenney. continues under pressure. down over 60% this year. back to you. liz: retailers, extreme importance stocks heading into the holiday season. seems like the sky is the ceiling for stocks. soaring high like superman. one money manager with more than 2 trillion in assets under management in her company says we might see a pullback soon but don't fret, could be an opportunity to make a pretty penny. joining me now, liz ann sonders, charles schwab senior vp and chief investment strategist. i was saying earlier that you were here two years ago saying you can bellyache all you want but the market will continue to go higher. but let's talk now. now it's been a long bull market. >> i think in t
how about abercrombie and fitch? down 13.5% now for abercrombie and fitch. also closing stores that are underperforming and those are going to try and bring in shoes, expand sizes and obviously make it more interesting for the holidays because they have been struggling with sales this year. and the bigger story, jcpenney. townsend and .5% right now, $7.67 per share for jcpenney. continues under pressure. down over 60% this year. back to you. liz: retailers, extreme importance stocks heading...
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abercromie and fitch has a change of heart with clothing you can fine next in the bloomberg business report. >> scientists may have found the fountain of youth. >> a burglar not he had a clever way you gotta reel it up now,buddy. it.creel it up.t up, [father] reel it up,you got him on there.bring him in. is that a bass? [boy] yeah,i got a big bass. [father]bring it up.keep reeling.keep reeling.c'mon,eru where is he? whoa! you caught that all by yourself?oy] y! [boy] yeah! [father]how old are you to catch that? [boy]three! [father]you're three years old? show me how many fingers that is. ♪ ♪ ♪ i ♪ know i can't deny... ♪ that i got a new feeling ♪ deep inside... ♪ [ female announcer ] with five perfectly sweetened whole grains... you can't help but see the good. >>> covering novato, oakland, sunnyvale and all bay area this is abc7 news. >> look at this: crazy scene in a blackhawks game last night against winnipeg. is player is is drilled into the >> well, two burglary suspects in florida have been caught after one of them coe not make a clean get away. cell phone video sh
abercromie and fitch has a change of heart with clothing you can fine next in the bloomberg business report. >> scientists may have found the fountain of youth. >> a burglar not he had a clever way you gotta reel it up now,buddy. it.creel it up.t up, [father] reel it up,you got him on there.bring him in. is that a bass? [boy] yeah,i got a big bass. [father]bring it up.keep reeling.keep reeling.c'mon,eru where is he? whoa! you caught that all by yourself?oy] y! [boy] yeah!...
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Nov 12, 2013
11/13
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CNBC
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moody's downgraded in july, s&p followed in september and now it's fitch and in their statement they say the downgrade reflects the lack of meaningful solutions to near and long term burden the city has been unsuccessful in attempts to negotiate a solution with labor unions. according to the pew center, chicago's four pension funds are the worst funded of any major city in the united states. they've only got about enough money for about 36% of its obligations. that's a short fall of about $20 billion. everyone is looking towards 2015, a little more in a year under the law chicago has to make a balloon payment. it could be as much as a billion dollars that could blow a big hole in the city budget. enough money to keep 4300 police officers on the street for the year. now this is something that's been building over the years. rahm emanuel has been talking about it since he got into office. there's been a lot of discussion about it. not much attend. not much action. the mayor has talked about raising the retirement age, increasing the contribution that city workers make to their own pens
moody's downgraded in july, s&p followed in september and now it's fitch and in their statement they say the downgrade reflects the lack of meaningful solutions to near and long term burden the city has been unsuccessful in attempts to negotiate a solution with labor unions. according to the pew center, chicago's four pension funds are the worst funded of any major city in the united states. they've only got about enough money for about 36% of its obligations. that's a short fall of about...
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Nov 29, 2013
11/13
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LINKTV
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. >> standard & poor's is one of the main rating agencies, together with fitch and moody's, and it has come out to cut the netherlands'credit rating. the prime minister says he does not believe the country will suffer from high borrowing costs as a result and in the short term he seems to be right because costs were actually down somewhat this friday. the downgrade is seen another sign that the recovery in the eurozone has been slow to take hold. william has more on that now. >> and then there were three. when standard & poor's downgraded the netherlands one notch below aaa, it left just three out of 17 euros on countries, finland, germany, and luxembourg, with the gold standard. the netherlands had disappointing growth products and was not performing as well as it appears. the dutch finance minister said upcoming reforms will prevent any further downgrade. >> we are pushing forward the number of reforms to deal with some of the structural issues in our economy. we will have economic growth next year. we have to get higher figures. a aaa countrycome again, which is our ambition. >> it
. >> standard & poor's is one of the main rating agencies, together with fitch and moody's, and it has come out to cut the netherlands'credit rating. the prime minister says he does not believe the country will suffer from high borrowing costs as a result and in the short term he seems to be right because costs were actually down somewhat this friday. the downgrade is seen another sign that the recovery in the eurozone has been slow to take hold. william has more on that now. >>...
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Nov 21, 2013
11/13
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CNBC
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abercrombie & fitch. they came in with numbers that beat estimates by 7 cents with quarterly profit of 52 cents a share. but they also said they expect to see same-store sales drop in the low double digits in the current quarter. abercrombie & fitch the teen retailer. and dollar tree as joe mentioned, missed estimates by 2 cents. revenue was also a little light of conconsensus. they said a very cautious consumer environment is what they're looking at out there. they said the numbers that did come in, they had new customers coming in, new traffic. increased customer traffic. >> creamed. >> what you saw from both sears and target there was a lot of moving different pieces. they lost 15 cents a share for the third quarter. that was a little smaller than the 3.39 that analysts had been expecting, but revenue was shy of estimates here. they are spending more money on the stores and that's going to cost them over the short-term to make those investments. that stock's been under pressure too. it's a big story ta
abercrombie & fitch. they came in with numbers that beat estimates by 7 cents with quarterly profit of 52 cents a share. but they also said they expect to see same-store sales drop in the low double digits in the current quarter. abercrombie & fitch the teen retailer. and dollar tree as joe mentioned, missed estimates by 2 cents. revenue was also a little light of conconsensus. they said a very cautious consumer environment is what they're looking at out there. they said the numbers...
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Nov 18, 2013
11/13
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CNBC
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home depot, wednesday, cjc penney, thursday abercrombie & fitch and the gap. we're going to try to get to the bottom of the stocks. should you buy it, sell it or stay away? that's all week right here on "power lunch." 1:00 eastern. by now you may have heard that timothy geithner has a new job. it's in private equity but there's a great backstory here. steve liesman has it next. and mother nature unleashing her fury in italy. look at that, a major eruption under way on the island of sicily, that's mount etna. blasting away for the first time since 1992. frightening pictureses from illinois. we'll have the details on the damage of a wave of tornadoes caused there in the heartland yesterday. they're still cleaning up this afternoon. more "power lunch" when we return in two minutes. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional in
home depot, wednesday, cjc penney, thursday abercrombie & fitch and the gap. we're going to try to get to the bottom of the stocks. should you buy it, sell it or stay away? that's all week right here on "power lunch." 1:00 eastern. by now you may have heard that timothy geithner has a new job. it's in private equity but there's a great backstory here. steve liesman has it next. and mother nature unleashing her fury in italy. look at that, a major eruption under way on the island...
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Nov 8, 2013
11/13
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. >>> struggling retailer abercrombie & fitch is going back on its word and will start selling larger sized clothes for women by next spring. the company doesn't carry sizes larger than a 10 right now. might recall abercrombie & fitch's ceo stirring controversy in the past saying their clothes were meant for the cool and attractive people. the company has lost about 30% of its value since last year. >>> time now is 5:51. coming up, a simple act of kindness. why this man says he allowed a complete stranger to fall asleep on his shoulder. >> and one couple bringing a whole new meaning to until death do us part. coming up. aren't you sweet! licensed phone-ups available 24/7. >>> a traffic alert in san jose. pedestrian hit and killed on the ramp to both directions of 87 shut down for at least another half hour. we'll have the latest "kcbs traffic" a full report coming up. >> i can't believe it's this time of year already. the holiday ice rink is open in the embarcadero in san francisco. check it out it's a great time. temperatures should be nice too. about 63 degrees. >> it's safe to assu
. >>> struggling retailer abercrombie & fitch is going back on its word and will start selling larger sized clothes for women by next spring. the company doesn't carry sizes larger than a 10 right now. might recall abercrombie & fitch's ceo stirring controversy in the past saying their clothes were meant for the cool and attractive people. the company has lost about 30% of its value since last year. >>> time now is 5:51. coming up, a simple act of kindness. why this...
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Nov 21, 2013
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abercrombie & fitch will begin offering plus sizes for some of its women's clothing online next year. get this. the store currently does not sell sizes above a 10. the retailer was slammed after its ceo said its close were more for quote cool and good- looking people. abercrombie & fitch hopes the plus sides also help business to help boost sagging sales, also its stock price which is down 25% so far this year. so it's a little desperate now it's caving to critics. >> it's also the holidays. so quit an about-face there. huh? >> reporter: you bet. yup. >> all right. alexis christoforous cbsmoneywatch.com, live in new york, thanks. >>> 5:42 right now. seatbelts on the bus? the new law aimed at keeping you in your seat and when it's set to kick in. >> and an apple a day may keep the doctor away but if you want to live longer you may want a handful of nuts. just how much you need to eat to reason the benefits. >> the things money can buy and probably shouldn't. what one woman did to put a twinkle in her eye permanently. ,,,,,,,,,,,,,,,,,,,, of the beholder. this woman is ge heart >>> a ne
abercrombie & fitch will begin offering plus sizes for some of its women's clothing online next year. get this. the store currently does not sell sizes above a 10. the retailer was slammed after its ceo said its close were more for quote cool and good- looking people. abercrombie & fitch hopes the plus sides also help business to help boost sagging sales, also its stock price which is down 25% so far this year. so it's a little desperate now it's caving to critics. >> it's also...
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Nov 6, 2013
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but fitch ratings on the other hand says u.s. home values are overvalued by 17% and some markets are approaching bubble territory. maria? >> all right, diana thanks very much. stay right here. we want to bring in madison hill di brand an agent with caldwell banker who also stars in bravo's million dollar listing. good to see you. thanks for joining us. >> thanks for having me. >> madison 5 of the top 25 most expendsive markets are in california with malibu number one where your agency is focused. why is this so hot? >> i think that our california market and specifically speaking los angeles even more specific malibu really did suffer when the global economic crisis occurred. and our prices in some cases depreciated from 30% to 50% so knowing that they dropped that much, we became a very attractive market to investors and second home and third home users, which i think drove our market up. but a lot of these buyers are coming in with cash and they are and/or putting down large down payments and seeing equity invested and i think w
but fitch ratings on the other hand says u.s. home values are overvalued by 17% and some markets are approaching bubble territory. maria? >> all right, diana thanks very much. stay right here. we want to bring in madison hill di brand an agent with caldwell banker who also stars in bravo's million dollar listing. good to see you. thanks for joining us. >> thanks for having me. >> madison 5 of the top 25 most expendsive markets are in california with malibu number one where...
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Nov 6, 2013
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before today's analyst meeting abercrombie and fitch announced another disastrous quarter for sales, comps down 14%, slashing full years earnings guidance and closing its 30 gilley hicks branded stores. the ceo continues to blame weak teen spending but they made a number of mistakes, little too cool to admit. nearly all of 2012 they had too much inventory that weighed on comparable sales and then in early 2013 inventory too low. now the retail sees, quote, significant gross margin rate erosion as it clears excess inventory. here come the promotions. may not be enough. the merchandise has become unpopular among its targeted cool kid consumer group. they don't carry sizes for women above large, but by spring will introduce more sizes, colors and fits. numerous surveys indicate abercrombie's brand strategy of nontrendedy little changing styles at high price points have moved them from the hot list to not list for teens and investors alike. shares have fallen 29% this year while the s&p retail index has gained 37%. richard jaf fy notes the retailer is playing good defense by cutting expe
before today's analyst meeting abercrombie and fitch announced another disastrous quarter for sales, comps down 14%, slashing full years earnings guidance and closing its 30 gilley hicks branded stores. the ceo continues to blame weak teen spending but they made a number of mistakes, little too cool to admit. nearly all of 2012 they had too much inventory that weighed on comparable sales and then in early 2013 inventory too low. now the retail sees, quote, significant gross margin rate erosion...
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Nov 24, 2013
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, and every fitch supports this. a week after the election, we got together in the capitol with all the new members of the legislature in both chambers and i said it is put up or shut up time. her paper put that as a headline, and the reason i said that is voters changed everything in terms of party control in wisconsin, like they did in other midwestern states. if we come back and we are little different than the people who are in power before, if we are little less bad than they were before, and we have every right to be thrown out two years from now. it is put up or shut up time. we need to show we were elected for a purpose, and there's no doubt in wisconsin and other states in her neighborhood that is what we did. >> thanks. governor, your party actually gained seats in the senate and assembly last november. this is not unlike governor nolls, a republican when he was elected in 1966, and another time in 1974. why have you not considered extending the collective bargaining to police and firefighters, and you rule
, and every fitch supports this. a week after the election, we got together in the capitol with all the new members of the legislature in both chambers and i said it is put up or shut up time. her paper put that as a headline, and the reason i said that is voters changed everything in terms of party control in wisconsin, like they did in other midwestern states. if we come back and we are little different than the people who are in power before, if we are little less bad than they were before,...
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Nov 12, 2013
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pension risks overshadow recent fiscal improvement, wrote fitch, in chicago's massive debt. rahm emanuel is proposing new taxes and fees to shore up the pension fund which chicago has been short-changing for years. and in that respect, chicago is hardly unique. virtually every municipality in america is facing some sort of pension issues, some estimates as high as $4 trillion. after all, when the economic area gets tough, one of the ways to put it off is the pension funds. >> pretty much everyone who has a pension problem will skip payments. and that comes home to roost. >> reporter: and pensions are just one of the issues facing america's cities, which together make up 85% of u.s. output. there is aging infrastructure. budget cuts, an economic engine that is sputtering. scott kohn. >>> and scott will be highlighting some of the other issues facing american cities, five cities, five issues in five days. >> and coming up, how businesses large and small are helping veterans transition from active duty to a job. >>> first, how the commodities performed today. the bond market wa
pension risks overshadow recent fiscal improvement, wrote fitch, in chicago's massive debt. rahm emanuel is proposing new taxes and fees to shore up the pension fund which chicago has been short-changing for years. and in that respect, chicago is hardly unique. virtually every municipality in america is facing some sort of pension issues, some estimates as high as $4 trillion. after all, when the economic area gets tough, one of the ways to put it off is the pension funds. >> pretty much...
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Nov 8, 2013
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we have teen retailer abercrombie & fitch, cliffs natural resources, dr horton and solarp. a diverse mix of stocks, ab berby, cliffs, dr horton, while first solar is up 95% year to date. back to you. >> terrific, seema, thank you so much. that was fun, guys. >>> calling this a storm is an understatement to say the least. it is turning into one of the biggest ever recorded. the it is a super typhoon with 195-mile-per-hour winds. hundreds of flights have been canceled. tens of thousands there trying to take cover in the philippines and other parts of asia. there could be major fallout for business and the global economy. we're all over a still developing story. the latest on this monster storm coming up next. it's as simple as this. at bny mellon, our business is investments. managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has. investment management combined with investment servicing. bringing the power of investments to people's lives. invested in the world. bny mellon. a lot can ha
we have teen retailer abercrombie & fitch, cliffs natural resources, dr horton and solarp. a diverse mix of stocks, ab berby, cliffs, dr horton, while first solar is up 95% year to date. back to you. >> terrific, seema, thank you so much. that was fun, guys. >>> calling this a storm is an understatement to say the least. it is turning into one of the biggest ever recorded. the it is a super typhoon with 195-mile-per-hour winds. hundreds of flights have been canceled. tens of...
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Nov 21, 2013
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. >> and retail from abercrombie & fitch to dollar tree, retailers are falling on disappointing quarterly reports. the one bright spot is williams-sonoma, reporting a profit of 58 cents a share. how do you trade the sector heading into the holidays? a week to go until thanksgiving. >> yeah, i think what willia williams-sonoma is telling you is what michael kors told us the other day. there are two different consumers, and the high-end consumer won't stop shopping this season. i think that if you look at all of the hiring that's happening at retailers all over the country, this could be a much better-than-expected year, versus prior years and versus what they're thinking so far. so i like the group going into the holidays. >> all right. well, goldman sachs just released its 2014 outlook for stocks, including four suggested strategies to find value. we're going to find out if the traders agree, and what your best play could be. then hedge fund heavyweight david einhorn is here to reveal his best investment idea, exclusively on cnbc. that and much more is just ahead on the "halftime report."
. >> and retail from abercrombie & fitch to dollar tree, retailers are falling on disappointing quarterly reports. the one bright spot is williams-sonoma, reporting a profit of 58 cents a share. how do you trade the sector heading into the holidays? a week to go until thanksgiving. >> yeah, i think what willia williams-sonoma is telling you is what michael kors told us the other day. there are two different consumers, and the high-end consumer won't stop shopping this season. i...
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12% from a year ago, fitch is calling growth, quote, unsustainable. they're using the "b" word to describe many california cities. all cash sales in the state are about half the market indicating investor demand and foreign buyers. what's interesting, though, is that the report lists several markets that have seen big price hikes. so like las vegas, up 25%, stockton, california, up 26% be they consider those undervalued or sustainable. of course these were the worst hit housing markets from the time of the crash. another report today from the realtors says housing is still largely affordable for most americans, figuring the national median income of around 64,000 and the median priced home of 207,000. that with a mortgage at 4.4%. of course we know that home prices diverge dramatically across the united states, so here's my last report, i promise. caldwell banker lists the most affordable market as cleveland, ohio, and the most expensive, drum roll, malibu. there's plenty more on that on-line, realtycheck.cnbc.com. >> shocking to hear about malibu. th
12% from a year ago, fitch is calling growth, quote, unsustainable. they're using the "b" word to describe many california cities. all cash sales in the state are about half the market indicating investor demand and foreign buyers. what's interesting, though, is that the report lists several markets that have seen big price hikes. so like las vegas, up 25%, stockton, california, up 26% be they consider those undervalued or sustainable. of course these were the worst hit housing...
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Nov 7, 2013
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shares of abercrombie & fitch fell more than 13% in trading yesterday as investors yanked money out following disappointing sales numbers and a weak holiday outlook. the management admits the company has lost its cool factor with teens. holiday shoppers are "not" gobbling up the idea of shopping "on" thanksgiving day. this week staples and kmart revealed breakout plans to open stores at 6 am "on" the holiday. i think that's excessive. imagine the employees who've got to be there all day. it's a family holiday. i'm sure there are a lot of people who want to go shop but i'd like to hope that some would rather visit with their family than go shopping for a deal. consumers have launched an online petition, pleging not to shop on thanksgiving. kmart is responding to negative feedback, saying it will schedule volunteers to work when possible. retailers macys, jc penney and toy's r us are also upping the game by opening stores later on thanksiving. kmart is the only retailer pulling an all nighter. some of it is publicity. kmart needs to create attention because it is less and less relevant every da
shares of abercrombie & fitch fell more than 13% in trading yesterday as investors yanked money out following disappointing sales numbers and a weak holiday outlook. the management admits the company has lost its cool factor with teens. holiday shoppers are "not" gobbling up the idea of shopping "on" thanksgiving day. this week staples and kmart revealed breakout plans to open stores at 6 am "on" the holiday. i think that's excessive. imagine the employees...
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alan: abercrombie and fitch has gone down so much. it's at 33. 30 is a huge baseline of support--- andrew:---have you seen the people that work there? why would you not go into lululemon? alan: 30 was the baseline of support---a 2009 break out. we've come right back to that. lean on 30, you can buy some january of 2015 25 calls. your break even's only a dollar higher. angie: topic number three--- trading touchdowns. trading touch downs- the company "fantex" offering investing and trading in football players recently ipo-ed-- are you an ipo buyer? alan: it's just another way to take advantage of those financial markets. if you can control your risk, i'll trade anything. but these two players, so far vernon davis and another guy---i don't follow football that well. but it's a present value of future earnings equation just like bowie bonds. so there is money to be made. ipo's are all the rage right now. but that as a bull has got me a little bit worried. i think people are getting a little bit irrational with their money with all that's
alan: abercrombie and fitch has gone down so much. it's at 33. 30 is a huge baseline of support--- andrew:---have you seen the people that work there? why would you not go into lululemon? alan: 30 was the baseline of support---a 2009 break out. we've come right back to that. lean on 30, you can buy some january of 2015 25 calls. your break even's only a dollar higher. angie: topic number three--- trading touchdowns. trading touch downs- the company "fantex" offering investing and...
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kitchens of hampton court i am introduced to some spices i've never heard of by food archaeologist richard fitch. >> this one here? >> those are grains of paradise. they were also called the malagueta pepper, um, the alligator pepper, or the guinea pepper, they all come from-- they're all the same name for a pepper that comes from the guinea coast from west africa. grains of paradise are distinctly feisty. >> this i don't recognize here what's this one? >> that, which looks like juniper berries, they are in fact cubebs, also called the javan tailed pepper. it's not a true pepper, it's a berry, a dried berry, but it has a peppery taste. >> grown mostly in the wild in sri lanka and indonesia, cubebs are the dried unripe fruits of a member of the vine family. richard shows me how to make beef y-stywyd. >> well, we need to cut it up into small, what they call gobbets, or mouth-sized pieces. >> that's brilliant. gobbet. you know, you almost know what it means just by that. >> it's exactly what it says. you've got to cut it up. the idea is to make it easy to eat. >> the 15th century recipe beef y-styw
kitchens of hampton court i am introduced to some spices i've never heard of by food archaeologist richard fitch. >> this one here? >> those are grains of paradise. they were also called the malagueta pepper, um, the alligator pepper, or the guinea pepper, they all come from-- they're all the same name for a pepper that comes from the guinea coast from west africa. grains of paradise are distinctly feisty. >> this i don't recognize here what's this one? >> that, which...
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Nov 14, 2013
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one size does not fit all, unless your abercrombie and fitch and don't seem to care and you assume that your customers are at 32-inch waist and chiseled chest. let's just say fat chance. let's also say very good chance. >> it's great to be with you. you are right on par with your analogy. this will cost a lot more money and the will be the one to come around and more the system won't have an increased capacity. >> you're going to make an analysis by paying the penalty. >> you know, legislation was passed. >> it's like he didn't even have to take it, but he's covered because of the law. this is another thing and it's going to go on and on. the sign-up sunk the titanic. neil: it was not all that it was cracked up to be, i will tell you. and particularly, they are saying i told you so, i told you so. everything would play out. >> and then the notion that the butter knife needs to be taken to all entitlements. >> you think that he knew this when he was not up to speed. >> you were governor. and a very special governor. people are taking initiative with something you are doing and it wasn't
one size does not fit all, unless your abercrombie and fitch and don't seem to care and you assume that your customers are at 32-inch waist and chiseled chest. let's just say fat chance. let's also say very good chance. >> it's great to be with you. you are right on par with your analogy. this will cost a lot more money and the will be the one to come around and more the system won't have an increased capacity. >> you're going to make an analysis by paying the penalty. >> you...
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we have a big drop, ambercrombie and fitch dropping. >> fashion trends have been a problem going into christmas and the holiday season. and abercrombie has tremendous difficulty. i would not be buying this. i wouldn't pick bottoms. let's see how the next couple months works out let's see if the stock finds support before you go in and be a hero. >> another drop in the form of whole foods dropping 7%. >> this was the first time in a long time, almost several years that whole foods actually downgraded the next quarter. they have always raised it. so i think you probably have sideways action here in whole foods. probably stay away from it for a month and see what it does. >> okay. we have michael kors, this is a pop, popping 6%. >> double dose of good news, being added to the s & p 500. probably some time next week. obviously, the quarter they reported, first quarter was outstanding. i think the stock is getting into nosebleed territory. we liked it for a while. at these levels i think you have to get out of longs or get out of them entirely. i wouldn't short it. i think it trades back d
we have a big drop, ambercrombie and fitch dropping. >> fashion trends have been a problem going into christmas and the holiday season. and abercrombie has tremendous difficulty. i would not be buying this. i wouldn't pick bottoms. let's see how the next couple months works out let's see if the stock finds support before you go in and be a hero. >> another drop in the form of whole foods dropping 7%. >> this was the first time in a long time, almost several years that whole...
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that is so bad for sales resaw abercrombieand fitch then the guy who came in from j.c. penney. forget it. neil: it takes a long time overcome it? >> if i am the board of director i call withhe ceo to say obviously you are too stupid to run your own company. let's get somebody aittle smarter and t m out. neil: he is one of the -icest guys on the planet. >> marvel is skipping networks going straight to netflix to develop four new super heroes series. >> it is brilliant. netflix has come out with the house of cards, oranges the new black the series' only on netflix i don't know if marble works out but it is not our fault that will be something else i think it is a fourth network out there or the fifth network. >> one-third of the bandwidth because of netflix bigger than facebook and is still cannot get the content deals so comes with its own cartn san superheros that is the way to go they do very well at the box office by and just waiting for superhero neil cavuto. >> they get their shows on a device they are not slaves to the schedule or time. this is the way we're going. >> buck
that is so bad for sales resaw abercrombieand fitch then the guy who came in from j.c. penney. forget it. neil: it takes a long time overcome it? >> if i am the board of director i call withhe ceo to say obviously you are too stupid to run your own company. let's get somebody aittle smarter and t m out. neil: he is one of the -icest guys on the planet. >> marvel is skipping networks going straight to netflix to develop four new super heroes series. >> it is brilliant. netflix...
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moody's and fitch or reduce them to near and around the junk status that the likes of cyprus and greece and that really is a dangerous zone to be sitting on and it gets worse than that because even conversations about nafta gatt which is their symbolic gas company is the equivalent of russia's gas pramod the u.s. is exxon mobil being sold on to a foreign buyers if ukraine doesn't go to the e.u. free trade deal then what are the other options here what they'd have to come back to the drawing table renegotiate russia's union which is where bellary some kazakstan and potentially armenia sit in we've got exports of twenty five percent going to russia at the moment that would have to be fortified as well as that we've also got gas discount going to discuss i thought i heard. we know that ukraine relies upon those if they were to go the european way they would have to forfeit. so we're seeing a bit of a bit of a dodging on both sides absolutely use not happy with clear decision not to allow you to get medical treatment i mean economically there are huge advantages to going towards the e.u. bu
moody's and fitch or reduce them to near and around the junk status that the likes of cyprus and greece and that really is a dangerous zone to be sitting on and it gets worse than that because even conversations about nafta gatt which is their symbolic gas company is the equivalent of russia's gas pramod the u.s. is exxon mobil being sold on to a foreign buyers if ukraine doesn't go to the e.u. free trade deal then what are the other options here what they'd have to come back to the drawing...
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well he said according to fitch ratings their profitability has fallen by the end. that meant something to be concerned about rising health alert that was deflected over six inches. the thinking of getting access to easy credit the government is still concerned about the problem is taking action trying to persuade consumers just like their debit cards and credit card companies are now under pressure to make twenty more difficult to tell sold it may not be in immediate threat to south korea's economy analysts say any of rising interest rates combined with the highest household debt in the world and all the shop until the economy drops teaching job for cctv film it was a paul rosen of the old credit unmolested for the suprise if a ctv news that the company and live like that. as you the day the light landed me an american talk about an hour how women are powerful. if you empower women in empowering birth mothers of raising sons who will either drag us into war but deep inside of our mothers are the ones who are protecting their daughters mothers grind and noticed bloo
well he said according to fitch ratings their profitability has fallen by the end. that meant something to be concerned about rising health alert that was deflected over six inches. the thinking of getting access to easy credit the government is still concerned about the problem is taking action trying to persuade consumers just like their debit cards and credit card companies are now under pressure to make twenty more difficult to tell sold it may not be in immediate threat to south korea's...