tyb snipah
VENUS VIP C-32A with two low altitude passes at Atlnatic City Int'l. Prior to the second pass it was just 98-0001 VIP, cap #2. It has now changed to current VENUS91-VIP and on it's third approach at 1700ft. This aircraft did the same thing at Lexington, Ky- Blue Gradd airport yesterday and did not land before heading NE and dropping off the scope.
Walmart sees slower online sales growth after tepid holiday quarter
Walmart Inc (WMT.N) expects online sales growth to slow this year after posting lower-than-expected holiday quarter results, revealing the pressure traditional retailers are facing to keep pace with consumers who are increasingly shopping online. Heavy investments to spruce up stores, enhance websites, improve delivery options and promote deals underscore the battle retailers are up against as they try to keep shoppers from going to AMZN.
Walmart said it expects online sales to grow about 30% in fiscal 2021, down from last year’s growth of 37%. For the holiday quarter, the company reported a 35% increase in online sales - the slowest in nearly two years.
Sales at Walmart’s U.S. stores open at least a year rose 1.9%, excluding fuel, in the fourth quarter ended Jan. 31, well below analysts’ average estimate of 2.35%. Results were hit by a shorter holiday season and lower demand for apparel, toys and electronics. The company forecast full-year profit to be between $5 and $5.15 per share, below expectations of $5.22, while it expects U.S. comparable sales to grow at least 2.5% largely above expectations. But the forecast excludes any potential financial hit from the coronavirus outbreak in China, Walmart said. However, it expected some impact in the current quarter from the epidemic.
“While expectations came down into the print, we believe the overall fourth-quarter miss and profit forecast are likely to keep the stock in check in the near term as investors figure out if something has changed with the consumer and with Walmart,” J.P. Morgan analyst Christopher Horvers said.
Shares of the company rose about 1% in early trade. Adjusted earnings per share increased to $1.38 per share, but missed the average estimate of $1.43.
Total revenue rose 2.1% to $141.67 billion, missing the estimate of $142.49 billion.
https://www.reuters.com/article/us-walmart-results/walmart-sees-slower-online-sales-growth-after-tepid-holiday-quarter-idUSKBN20C1D4
the equity was popped on the miss, in pre-market trading-letting the big boi's out as it's customary pattern but is now seeing some gravity applied to it. Still holding a gain…for now.
Volume 3,322,285
Avg. Volume 5,295,590
+1.07 (+0.91%)
VENUS91-VIP C-32A not in at Atlantic city after several low altitude passes. Off to the southwest now and climbing. Same thing at Lexington, Ky yesterday
sure is. Currently on southern tip of Maryland @15,750 ft and 352kts and still SW vector.
been using those. ty for 'em. sent one in email and it was "wait…wut is this??"
o7
HSBC Reboot Fizzles, Sending Stockholders Looking for the Exits-after a "one-time $7.3B write-down"…
HSBC Holdings Plc Chairman Mark Tucker promised a strategy reboot. Investors got what some called more of the same – pledges to cut costs and do more with less.
The shares plunged by the most since 2017 after buybacks were shelved for two years and the executives themselves said more bad news was still to come – once they assess the economic damage wrought by the novel coronavirus.
In the overhaul announced on Tuesday, HSBC will slash about 35,000 staff – 15% of the total – and take $7.3 billion of charges, while it doubles down on Asia, source of most of the bank’s profit, and cuts operations in the U.S. and Europe.
Left hanging was interim Chief Executive Officer Noel Quinn as Tucker and the board consider a permanent appointment. HSBC Chief Financial Officer Ewen Stevenson said the bank would be “ruthless” in executing its plan – the giant’s third strategic overhaul in a decade – but he has an uphill struggle persuading shareholders. “The board are asking the market to take an enormous amount on trust,” said analysts at Keefe, Bruyette & Woods, the specialist financial-services broker.
London-traded shares in HSBC, Europe’s biggest bank by market value, tumbled as much as 7% to 549.50 pence, wiping out its gain so far in 2020.
While Tucker is returning the bank – founded in 1865 as the Hongkong and Shanghai Banking Corp. – to its roots with the sharpened focus on Asia, analysts noted the shortage of detail on how it plans to grow there.
For bank strategists, there might be a case of déjà vu: a 2018 plan by Quinn’s predecessor, John Flint, fell flat on arrival. Flint was fired 13 months later. Tucker, who was hired in 2017 to revive growth at the sprawling lender, is still struggling to answer investors’ question of why a bank with such a strong hold in some of the world’s fastest-growing economies has been unable to produce a better return. The latest plan envisages cuts to under-performing businesses and regions, in particular HSBC’s global banking and markets unit, which houses its investment bank. The bank has said it will reallocate $100 billion of risk-weighted assets to areas where it can make more money. The job cuts will put total staff at about 200,000.
main info:
-HSBC’s adjusted pretax profit of $22.2 billion beat estimates, despite the multi-billion dollar charge for the restructuring. HSBC had been forecast to report adjusted pretax profit of $21.8 billion, according to analysts.
-The bank plans gross asset reduction of more than $100 billion by the end of 2022, and a lowered cost base of $31 billion or less by 2022
-Consumer banking and private banking will be merged into a single wealth platform
-Global banking and commercial banking middle and back offices to be combined
-Geographic reporting lines will fall from seven to four
https://www.bloomberg.com//news/articles/2020-02-18/hsbc-reboot-fizzles-sending-stockholders-looking-for-the-exits
silver just broke $18 and that triggered buy stops…gold needs to get up and over $1600 for that to habben to it.
>faggot shift overload