s sainsbury beat but others disappoint.x ferguson is retiring as manager of mass united after 27 years at the helm of one of the world's biggest football clubs. >>> we'll talk about sir alex ferguson stepping down after 21 years in the job. i think it was 21 years. european stocks meanwhile are up again after closing at a record high yesterday. dax is now further up 8.91. ftse climbing up following a record close in the dow above 15,000. s&p in fresh record territory. debt markets, italian yields firmly below 4%. spanish yields just above. treasury yields 1.78%. we were 1.62 before the unemployment report on friday. in currency markets, dollar/yen steady. moved away from the 99.40 level we were at yesterday. euro/dollar we'll keep an eye on for data in an hour and a half. we look at retail sales in the u.k. an early easter holiday and cold weather were blamed for the surprise drop. an accounting firm says april sales fell 2.2% from the same month a year ago. britain's second biggest clothing retailer next reported a rise in

. >> we don't know, tesco and sainsbury are so powerful, you can't tell them what to do. >> you can'that to do. the thing is, we could run them for a much higher cost. they're not right for the long-term health of the business. jim, listen, we built over a billion dollar company in the u.s., we started in the u.k. 18 months ago. we got close to a million dollar business. health and wellness is on every retailer's mind in the u.k. today. we own hartley's, sun path, 58% of our sales are branded food companies in the u.k. and the u.k. is turning around. europe is bottoming. >> i sat back and i said i know it's going to be another tough one for irwin. wow, i wish you stayed in the united states. you have 25% of the people that tried it in the u.s. you can take it to 50 and you never had to look at u.k. until u.k. recovers. that's philosophical. >> it is. for 60 million people, there is great retailers there. what i'm looking to do is build a global food and company care, acquiring ellis to take earth's best on an infant children's feeding business across the world, buying, you know the bu

let's fix it. , those fixesterm always make sainsbury does a very good things for people for the systeme part of the challenge is that what you take a step back and say what have you accomplished, we have a, which important things. we have rebalanced the long-term care system. wet we have also done is have effectively created a medicaid program that people want. what medicaid covered nursing care, no one wants that. that is your option, you're going to figure out how to leverage your family, your neighbors, your church, your community to stay out if you can. medicaid create something that sends a person carried to your home, the is great. maybe that is a really good thing, because that relieves the burden on a family who may not be trained or paid to do this read that may be good. these may be good things. what we have done is we have no it. they have come. we have a system where there is so little awareness of the need for finance of long-term care because medicaid is doing it behind the scenes. most people don't think they are ever going to need it. those who think they do just assume