>> courtney reagan, thanks for that. the ceo resigns. >> no, and the numbers were really bad on the top line for a stock that's -- >> perfect storm. >> already gone from 45 to 20 going into these numbers. it's been a rough ride for the shareholders. >> talk biotech. the american society for clinical oncology conference kicks off tomorrow in chicago giving some of the world's biggest drug makers to showcase the latest cancer data. we've got this story. what should we be watching? >> well, we've talked a lot about amino therapies, in light of pfizer's interest in ast astrazene astrazeneca. and, of course, immunotherapies are important. they will all have data there that people will be watching that could move stocks next week. but a couple of other things are leukemia and lung cancer. now, leukemia, looking at chronic leukemia, the second most common form among adults, estimated at 15,000 people will be diagnosed with cll in the u.s. this year. so there are a couple companies working here to bring new drugs to market. one

and with the retailer's profits getting squeezed, prices could be higher, too, courtney reagan has more >> reporter: running a retailer is an expensive task, add in foreign currency and gasoline price fluctuations as well as membership fees and it becomes an even more difficult business model. warehouse reporter costco reporting disappointing profits bogged by higher expenses. it is the fourth straight quarter that wall street missed the earnings expectations. but analysts see it as one of the strongest retailers out there. revenue took hits from weak foreign exchange rates and lower prices at the pump. profits are getting squeezed as costco faces higher merchandise costs. shoppers may not need to worry about big price hikes. the cfo said the cost of#ax its popular rotisserie chicken has increased, but costco has not pushed the price on the consumer. the ceo says costco does pass on higher costs to consumer, although slower and to a lesser degree than other retailers so it hurts the shockers' pocketbooks less. >> the prices were higher, sales were fine. do i think anything unusual was g

. >>> down to business now with cnbc's courtney reagan. monday morning to you, courtney. >> good morning, richard. stocks slipped on friday as the unrest in ukraine overshadowed the positive u.s. jobs report. markets ended higher. look for data on the services sector and earnings from pfizer. focus will be on washington as janet yellen testified on capitol hill. new survey finds the average price of gas rose 3 cents to $3.72 a gallon. analysts say prices should start it fall due to higher oil production in libya and ramp up gas refining in the u.s. there is a reason to celebrate on this cinco de mayo. after rising sharply for weeks, lime prices are on their way down. that's thanks to falling demand and higher supply from mexico as the largest importer to the u.s. in my corona over the weekend, lime was omitted. back to you. >> courtney reagan enjoying cinco de mayo. >>> futures are lower after stocks slipped on friday as was mentioned. the unrest in ukraine overshadowed all of those issues. i want to talk about this, though, this airline i

courtney reagan has more on last quarter's results and how confident the retailer is about business in the months ahead. >> reporter: macy's turning in a first quarter a little less magical than previous quarters. the department store posting an increase in profits but disappointing sales. macy's says colder weather and the shift in timing of its family and friends sale had an impact on the quarter. but on a conference call, the retailer's chief financial officer said year to date sales are already back well in positive territory. and macy's says the consumer demand is strong enough to reiterate the earnings forecast, the retailer is also increasing its dividend and stock buy back program. the ceo says it is not macy's's best quarter but it is good enough, many on wall street consider macy's to be one of the strongest retailers so today's lackluster sales have them worried. >> you're seeing a choppy back drop and a consumer last year hit by a payroll tax. this year there is uncertainty in health care. so i think you're seeing shifts taking place between home improvements as well as app

courtney reagan has more on what is working, what is not working and what needs to be done at walmart. >> reporter: it is another weak quarter for the world's largest retailer. walmart's first quarter profit dropped falling short of expectations. revenues also came up short. like other retailers, walmart says the severe winter weather not only hurt sales but also increased expenses including maintenance and utilities. plus, it paid a higher than expected tax rate. it is hard to deny that weather did impact the retail sector in the beginning of the year. but this is the fifth straight quarter of stagnant or negative growth for sales at walmart's u.s. stores for at least a year. the problem goes beyond the polar vortex. >> the consumer that they target is in a tough spot until they see real wage growth, real improvement on the jobs front it will be tough for walmart to really deliver any meaningful upside. >> reporter: plus, walmart says the cuts in the government food stamp program continues to pressure shoppers. they said the disappointing profit forecast for the current quarter comes

and as courtney reagan shows us the company's interim ceo is moving forward with new initiatives hoping to attract shoppers and investors likely. >> reporter: it has been a rough five months for the retailer target from the data breach to losses to the canadian stores and the firing of its ceo and many other management shifts. today, the big company fell shy of expectations but did better than expected results for the first quarter, i spoke to the current chief financial officer, john mulligan, about what target plans to do to improve sales and what it will cost. >> we want to bring great promotions to the guests but make sure they are impactful. the first quarter we used a significant amount of promotions and our gross margin rate was down a percentage point. we'll strike more of a balance as we go forward. >> while mulligan is sitting in as the decree for now he says he will be glad to go to the cfo role once target moves forward. mulligan says that target is focused in three key areas. >> the three areas they are focused on as i think about the next individual is growing traffic sale

courtney reagan has more. >> reporter: not everyone loves sales. it helps drive traffic. it squeezes profit for retailers. this past holiday season was one of the most promotional in recent history. retailers are still offering larger than normal discounts. the harsh winter crimped retail foot traffic so the sales were deep as stores hoped to clear inventory. but with 40% off less the exception and more the rule for some retailers investors are starting to worry. >> last year the norm became 40% off. why is that important? because it comes out of gross margin and, therefore, right out of the bottom line. so if you don't have some way to offset this and that's what's happening and i believe it will be going on for a long, long time, i don't think it was temporary, then you're getting less return on your investment than you expected to get. >> reporter: according to the sale tally promotion index, discounts across department stores and specialty stores are 5% to 10% larger this year than in 2013. ann taylor, express, j. crew, old navy are all offering promotions above last

for "nightly business report," i'm courtney reagan. >>> call it stumble iing out ofe blocks.hat is where we start tonight's market focus, shares of the network equipment maker infoblocks were hammered today because of profits being slower because of contract delays and orders. the company ceo is stepping down from the top. shares down 37% to $12.96 today. >>> but a positive outlook sent shares higher today. the parent of ann taylor and loft brands raised its second quarter revenue. traffic picked up in may following that severe weather. shares of ann up 4% to $38.37. >>> and valeant upping the offer once again for the botox maker allergan for the second time this week. valeant will now offer $55 billion in cash and stock up from $49 billion. the bid values allergan shares today. shares up almost 6% to $167.46. while valeant also ended up higher up 1.5%. >>> meanwhile, uk drug maker shire is reportedly considering a cash offer for nps pharmaceuticals. it is a specialty maker of drugs for rare diseases. for its part, np says it has not been contacted by shire, their shares jump

for "nightly business report "i i'm courtney reagan. >>> michael farr joins us to talk more about thekets and what investors should be doing with their money. he is president of farr, miller, and washington. hi, michael. >> hi, suzy. >> with all the fed speak today, it looks like interest rates -- i don't know when, but they are going to be going up. when that happens, what does that mean for the direction of the stock market, and what does it mean for investors and their portfolios? >> great question because we've seen the stock market kind of take a head-fake from previous fed warnings. a year ago when bernanke talked about the paper, the treasury market and the treasury yield went way up and the treasury bond fell off, and stocks didn't like it very much. once they began to taper, of course, treasuries rallied, yields fell, and the stock market has seemed to like it pretty well. i'm wondering if perhaps we're not seeing a bit of a repeat. they're now talking about hiking rates and stocks are pulling back. i think we might have a different experience when indeed rates start to rise.

courtney reagan has the story. >> so running retailer is an expensive task.reign currency and gasoline price fluctuations as well as membership fees. they missed wall street earnings expectations now for four straight quarters. this time though because bogged down by higher expenses, administrative costs as well as merchandise costs up 8% and 7% respectively for the quarter. on the earnings conference call the ceo said the cost of its popular rotisserie chicken has dramatically increased by costco hasn't passed the price increase on to consume efforts. that's just an example he gave. one analyst says costco does generally hand on the kos to consumers but to a lesser degree than competitors. they say it hurts them on some level but less than it has before. >> thanks so much, courtney. >>> question is always, as goes costco, so goes the economy and the american consumer. if costco is suffering from inflation, will we all be suffering from it very soon? >> our next guest says this super store sticker shock is a big red flag for all of us. larry glazer is back wi

courtney reagan joining us, tracking today's movers. >> that's right.e begin with estee lauder hitting a record higher earnings and casino stocks and wynn resorts posted strong results. las vegas sands and mgm rising in sympathy. utility stocks are the best perform i performing sector and the omerc shares are falling down as well. >> a little bit of reversal weak and technology stronger. good to see you. a you will eyes on omaha where tomorrow's berkshire hathaway meeting takes place. >> and controversy over coca-cola's executive pay plan. a topic coming up and becky has already caught up with the key players in this saga so, becky, what can you tell us here? >> there are 38,000 shareholders for berkshire hathaway that are expected right here for berk shower's annual meeting. plenty to talk about before they all arrive. part of that is for the people who are arriving already, including david winters of winter green advisers. david has been in the news a lot lately because he's a long-term coca-cola shareholder and also happens to be a long-term berkshir

. >>> time now to get down to business with cnbc's courtney reagan. good morning, courtney. >> good morning, betty. stocks rebounded from a big drop at the open monday, following a better than expected report on the nation's services sector. the dow avoiding a three-day losing streak. look for data today on the trade deficit. for the first time in a decade, data shows walmart's internet sales are growing faster than amazon's. amazon's total sales are still six times bigger than its ten competitors combined. walmart is spending heavily to boost its presence onlynineonli >>> google is taking on amazon. google charges $4.99 per order, while amazon charges $9.98 for same day delivery in 12 u.s. cities. for now, google is offering free membership for six months. betty? >> thank you, courtney. >>> newly released data shows proof that airlines are making big bucks off your baggage fees. according to the bureau of transportation statistics, domestic airlines collected, listen to this, more than 3.3 billion, with a b, dollars in baggage fees last year. delta co

our very own courtney reagan put amazon and google services to the test.ot a verdict, ahead. >>> one of the dr. dre's songs is been there, done that. a video that might be the ultimate proof that the apple/beats deal is actually happening. . >>> each of us picked a stock that stood out to us. my pick was whole food, getting the breakfast lunch and dinner absolutely eaten. the company is making money, yeah it's growing, but there was something that the co-ceo said on the call that spooked people. for a long time whole foods had the field to ourselves. that was nice, but we don't anylonger. a lot of people are jumping on this kale bandwagon. sprouts raised its guidance, and the field is getting crowded. >> mine is electronics arts s apparently the video game business is not dead. >> it is not. google and amazon are in a big old battle to dominate same-day deliveries. our very own courtney reagan sat at home all day and put them to the test. >> i put the shopping express and amazon same-day deliver withy to a test run. i had to start early to get my orders in

. >>> time to get down to business with cnbc's courtney reagan. good morning, courtney. >> good morning, frances. the department of transportation rejects calls by two senators to tell owners of recalled gm cars not to drive them until they're repaired. secretary anthony fox said its owners followed advice. >>> colorado lawmakers approved the first financial system for the marijuana industry. the network of insured co-ops would help pot businesses shift from cash only roots, giving access to banking services. >>> top tech companies including google and facebook are urging the fcc to make new net neutrality plans with how they manage web traffic. they say the proposal presents a grave threat to the future of the internet. strong words. frances, back to you. >> courtney, thank you very much. >>> back to the business of pot. vancouver medical marijuana dispensary has installed what they say is the first pot vending machine. it holds a variety of weed packaged up and sealed in amounts -- over an eighth of an ounce and only takes cash. >>> according to

>>> let's send it over to courtney reagan with a quick market flash.> allergan has been halted for news pending. those two probably con nexted so i wanted to make sure we point that out as becheck out shares. back to you guys. >> should prostitution and drugs be included the gdp? it's a real question. what do you think? >> it gives new meaning to the term output, doesn't it? >> ew. >> i've been waiting all day to use that. come on. >> pass. >> melissa, you did the big documentary on pornography. that's a hugetry. prostitution is big, drugs. >> i just have one question. i want to know how they're going calculate this. i think that's going be difficult. >> and whether it has an impact on taxes. it's not that legal. >> i was going to say and whether we could do that here to be competitive. >> i think we'll find out with the legalization of marijuana is in certain states. >> legalize it, regulate. get the money, you know, any way to get in more revenue. >> hot snooish thanks, guys. see you at the top of the hour. >>> still dom, why the jetsons may not have

courtney reagan has been following the story since the very, very start. she's joined by the interim ceo, john mulligan for an exclusive interview. over to you, cort. >> thank you so much for joineding us. i know it's a very busy day. you're also the chief financial officer, so you've been busy on the phone all today. if we could just get started with canada. little has gone right for target in canada. is it worth it? what would it take to exit entirely? >> right now we're focused on accelerating improvement. we've begin to get the stores better in stock. we're not where we need to be, but we've begun. we're surveying and getting credits for the in stock, for the value we provide, a better view of our pricing. so we've got a great new leadership team in place, and they are focused on accelerating our improvement in operations, and more broadly than that, looking at all aspects. >> so you're note looking to leave canada? >> we are very focused on improves or operations in canada. >>> moving back into the u.s., you said you've made some investments in improv

back to you. >> courtney reagan with that update. joining us founder of sw retail advise.utfitters, how do they turn things around. >> their comps were down 1 %. they start the focusing more on the teen consumer. most interesting, last quarter, the ceo said on the call, he basically brushed off the effect of fast fashion which i just couldn't believe. >> it's interesting. there is a distinction between normal fashion. i now assume if you're not fast fashion, you don't survive. >> that's true. >> everybody needs to be fast fashion. >> it's true. abercrombie to all the american chains are saying that's the direction they're trying to move in. it's not such an easy thing to do overnight. >> it took a long time for zahra to be zahra. >> very long time. h&m is just really getting started in the states as is zahra. it's only going to get worse in the states. >> we'll hear from home depot, staples and tjx. they report soon. the housing market is everything -- well, not everything but a large portion for home depot. what do you think we need to focus on? >> with home depot, you ha

let's get to business with courtney reagan. >> futures are lower this morning. unrest in ukraine overshadowed the positive u.s. jobs report. look for data on the services sector and earnings for pfizer. later this week the focus will be on washington as the fed chair janet yellen testifies on capitol hill. the average price of gas rose three cents to $3.72 a gallon. but prices should start to fall due to higher production in libya and a ramp up of gas production in the u.s. >>> there's a reason to celebrate. after raising sharply for weeks, line prices are on their way down. that's thanks to falling for demand and high prices from mexico. i got a corona this weekend and they left out the lime. >> it's funny you say that. i'm tired of the dirty looks i'm given when i ask for extra limes. cheers to that. some other stories this morning. a 77-year-old pilot was killed when his vintage plane crashed during an air show in northern california. it happened in front of thousands of spectators. a strong magnitude 6.0 earthqua earthquake. there are reports of 17 injured.

for that and the rest of the news before the bell we turn to courtney reagan just in time for cinco de mayo. >> exactly, perfect timing. futures are lower after stocks slipped on friday after the unrest in ukraine overshadowed the job's report and for data today on the health of the services sector and later this week the focus on washington as testify about the economy on capitol hill. on friday the dow fell nearly 45 points and the nasdaq slipping three to 4123. >>> a reason to celebrate on this cinco de mayo. after rising sharply for weeks, prices for limes are on their way down. prices have climbed steadily since december due to bad weather in mexico and a citrus disease thatit crops. those prices are dropping now due to higher supplies from mexico the largest importer from the u.s. they're still paying $8 for a 40-pound box. >>> moviefone wants to be your one-stop shop. while it offers movie times and ticket purchases, "new york times" will add movie listings and aol which owns moviefone is launching a contest to find the next mr. or mrs. moviefone. >> thanks a lot. >>> let's take

visit truecar.com >>> time to get down to business with cnbc's courtney reagan. >> twro senators tolders of gm cars not to drive them until they're repaired. secretary anthony fox says if owners follow advice to remove weight from their key rings, there's little safety risk. a network of uninsured co-ops would help pot businesses shift giving them access to bank and legal services. google and facebook are urging the fcc to oppose new net neutrality plans to regulate how internet providers manage web traffic. they say the proposal presents, quote, a great threat to the future of the internet. betty, back to you. >> all right, courtney. like those glasses. looking good. >>> south korean officials say they detained the head of the ferry company involved in the disaster three weeks ago. authorities believe improper storage and too much cargo are partly to blame. they say over 300 people are missing. >>> doctors at rhode island hospital are saying it will take, quote, months for those injured in the circus accident on sunday. four of the performers remain in serious condition, two with spi

expanding shopping express service in that and the rest of the news before the bell, let's turn to courtney reagangood morning. >> hi, good morning to you. futures relatively lower after stocks rebounded from a big drop following a better than expected report on the nation's services sector. the dow avoiding a three-day losing streak. the dow which had been down as much as 136 points closed up 17 to 16,530. the nasdaq rising 14 to 4138. >>> gm says a top engineer who led an internal investigation into the defective switches a year before the company recalled 2.6 million cars is retiring. once reported to directly now ceo mary barra and decision is not related to the recall. separately "usa today" says they're offering prices purchasing to the owner of recalled cars. the move comes weeks after gm said it would offer to drivers a program that ended april 30th. >>> google is taking on amazon offering same-day delivery. google charges $4.99 per order while amazon charges $9.98 for same-day delivery in 12 u.s. cities. for now google is offering free membership, at least for six months. back to you. >>

let's send it over to courtney reagan for a market flash.t's check orbitz announcing a selling stockholder. the underwriters of a 0-day stockhold stockholder. they will not receive any proceeds from the offering, shares down 1.33%, come back a bit but had a fairly appropriate to us drop when the news did come out. >> thank you. >> the white house is accusing china of spying on u.s. businesses. cisco ceo john chambers is accusing the white house of intercepting routers and sending they ever overseas. why is the u.s. literally making a federal case? we'll have a full report and boxing pay-per-view purchases have taken a hit recently. where is the new crop of boxing stars in champ sugar ray leonard is here. we'll get his take exclusively when we come back. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim from td amer

. >>> for the rest of the news before the bell, let's turn to courtney reagan live in cnbc world headquarters. good morning. >> good morning to you, scott. futures are higher after another choppy day of trading on wednesday. stocks fell at the open but recovered some ground when allen testified before congress. the economy will be in better shape at the end of this year. the dow had its best day in three weeks but the nasdaq closed at a three-week low. data on unemployment and another hearing on the economy and the dow rising 117 points from 16,518. the nasdaq slipping 13 to 4067. >>> well, now you can get your package delivered seven days a week. amazon is expanding sunday delivery service to 15 more u.s. cities, including philadelphia, dallas and new orleans. the bay area is not on the list yet. the online retailer first rolled out the service in new york and los angeles in november as a part of the deal with u.s. postal service and just ahead of the holiday shopping season. no extra charge for sunday delivery. that's a bonus, too. back to you. >> all right, courtney, thank you very much. >

for nightly business report, i'm courtney reagan. >> the target management shake-up raises the question how vulnerable are ceos when things go wrong? they advise companies in crisis. she's ceo of a crisis management firm, 10man and company. >> is target ceo responsible for this data breach? some people would say that, you know, it was an accident and he shouldn't be held responsible as ceo. >> susie, i think that we now know that data breaches will happen all of the time. they have happened all of the time and they probably will continue to. i think the thing that's at issue here is how quickly he responded and what that response looks like as soon as they knew about it and that was way too long. it took too long to let people know, so i actually think that the issue is not a data breach, but a breach of trust. >> octavia, i don't mean to strain the parallels too much, but why does mr. steinhafel lose his job as a victim of potentially largely of a cyber crime and jamie dimon get to keep his when that company has paid billions, tens of billions in settlements, fines and other judgments?

courtney reagan with the fallout. you actually spoke with the cfo recently on "power lunch." i remember the interview. >> i did. i spoke with john mulligan, the target cfo, now interim ceo, before we knew of the data breach. while target had begin to show signs of weakening trends, mulligan is thought to be a decent temporary solution. here's mulligan's assessment of the consumer in october. >> it's been a tough year for consumers overall. they started with the payroll tax increase and they were already stressed, you know, as the economy has improved slowly over time, but it's been a choppy recovery for sure. we see fits and starts with consumers, particularly at the low end, so the payroll tax had an increase on that. our leaders in washington have done their best to create more uncertainty. >> target's ceo spoke to our becky quick back in january, suggesting changes at the retailers were to come. >> but as time goes on, we are going to get down to the bottom of this. we will not rest until we understand what happened. clearly we're accountable and we're response, but we're

courtney reagan, we'll start first with walmart. >> the world's largest retailer reports low expectations. walmart says the severe winter weather not only hurt sales but increased expenses including maintenance and utilities and crimped the entire chain and paid a higher than expected tax rate. the weather did have an impact. but this is the fifth quarter of stagnant or negative growth for walmart store sales, a problem that goes beyond a polar vortex or two. stagnant growth and strained jobs is impacting walmart's core retail income consumer. the growth in the food stamp program continues to pressure some shoppers. walmart's disappointing profit forecast comes as a result of a cautious but resilient consumer. not all walmart analysts say they're struggling but many aren't reporting until that consumer feels better >> and that's right with the economy moving so slowly at this point. herb is out at that big investor conference in las vegas. what would you do to fix walmart? >> i would be concerned about the amount of square footage i have in bricks and mortar out there. i would be looking

i'll take it because courtney reagan is with us. >> that's right. good afternoon. check out sanderson fafrmts it's at sessions high right now. they're raising their markets. on a bit of real yahir. if you can take a look, the shares are up 2.5%. gaining ground. back to you. >> thank you very much. call it the fed hawk hoedown. steve liesman is in san francisco. steve? >> thanks very much. leading policy makers, academics and ecologists gathered here and weern got a special guest coming up, john williams on his outlook for fed policy and the economy when "power lunch" comes back. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ my mom works at ge. in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep lookin

he's with courtney reagan. >> david, when you were last with ugh in august, you talked about a paradigm shift. you still believe that even after today's report? >> absolutely. you know, that's what's so strange about the time we're living in right now. normally retailers week, that means consumer is weak, but that's not happening. it's a whole paradigm shift. people are spinning in other areas, particularly in the internet. it looks like consumers weak, because retail is weak, but it's not. >> you pay particular attention to samsung, apple and amazon. what's your theory there? >> we compile the numbers for every -- we have all the numbers from home depot, down to walmart, and then we get the numbers from apple, samsung and ebay, and we've got to obviously take out the u.s. numbers, and take out any foreman exchange. what we found is when we came here in august, when you have samsung, apple and amazon, the total sales of all those companies and compared it to the sales growth in america, it was 50% of the sales growth. this quarter, the last quarter, reduction was down about -- but that'

courtney reagan will break it all down for us. >>> then, carl icahn doesn't like the way warren buffet is handling things on his coca-cola state but buffet has thoughts on i kaun, too. before we go to break, we look at stocks hitting all time highs today. conocophillips and exxonmobil. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we'll raise it yet again. you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement sho

courtney reagan has four former ceos. and mark cohen of sears canada. it's an all-start panel. >> that's right. it's really special. says he theys that retail is clear, but the consumer is not. do you believe that? >>> you look at the numbers, and you see the health there you had a -- you had a discretionary income. what's your overview. >> you've seen it already. >> what do you think about weather? >> we've been hearing it a lot about an excuse. >> i think the weather was really that bad since the period of january. >>> i think we'll see, but i agree with if u to look at the apparel -- if you talk about urban outfill irs one that's really speaks to. >> mark, you know, sear canada, of course had some success. billing, big stumble. is it worth it. >> they're made a -- i think the challenge they and how to rethemselves. you talk about it a lot. >> haves and have-nots, i think it's the omniplayers -- i think mike gould's own company is one of the best in terms of having embraced and done a good job. >> but there's no question in my mind the consumer and th

courtney reagan back at hq. >> spring didn't quite spring for home depot.test in a line of retailers to blame mother nature for a disappointing quarter. however, encouraging guidance and the use of the word robust to describe may sales on the earnings conference call really has shares moving higher you can see that sharp turn at the open. that was all because of the use of that word robust. for the home depot's first quarter, it was a rough go. the retailer reporting earnings of 96 cents per share, falling 3 cents short of expectations, revenue of $9.69 billion, short of analyst consensus. u.s. same-store sales go grow 3.3%. and on-line sales 40% in the quarter. making a shift to focus on e-commerce. home depot says after the harsh winter and delayed start to spring maintenance materials did perform well, though outdoor merchandise suffered. op the call the company noted strength in geographies with more normal weather, 15 of 19 regions, the four with the negative comps those impacted most by the weather. a lot of discussion on the call about the housing re

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courtney reagan has the details on that program.y right. it's the last day of school for many houston area high schools and a number of students will take on summer jobs in retail. begrudgingly. a program at scarborough high school is working to change that attitude. >> there is this perception of retail it is a go nowhere job, that it doesn't pay well. so why would a parent say hey, son, hey, daughter, ever thought about going into retail. that doesn't happen because it's the perception that we have to change. >> the university of houston downtown and walmart have teamed up to run a pilot program, a four-year class called e-retail teaching about the business of retail. walmart has set a retail lab at the school providing training at area stores too. they learn all assects from logistics to marketing to the finances involved in running a store, running a store comes with a surprising salary. walmart says 70% of store managers began as hourly employees. >> a store manager is going to make on average $150,000 a year, managers will mak

courtney reagan on retail.r into the target results, bring in the managing director with stern agee. he's the interim ceo but what's on his to do list at this point? >> his to do list is very long and very detailed and i think there is a lot of issues that need to get fixed in the u.s. and in canada. i think in the u.s. the most disappointing statistic that came out of the release this morning was that their task down over 200 basis points on a two-year basis. it's almost as bad as it was in the fourth quarter. red car penetration dropped for the first time ever to 20.4%. they have got their work cut out. i think the company's getting a little bit of a free pass today. expectations are pretty low. but this is a company that's got a big road ahead. >> obviously there are broader problems in the retail sector. we saw tough results from urban outfitters, from staples, declining traffic, shift to online. some of the weather problems. how much of it here is target specific, sort of losing its identity, the data brea