U.S. Day Ahead: Holiday retail sales look very un-merry
Wednesday, January 02, 2013 - 02:46
Jan 2 - Sales growth in December is set to be less than half that of last year, according to the latest Thomson Reuters data.
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All street starts when he thirteen with the banking equities have their best sessions since late June 8 to congress'. Partial fix of the fiscal -- But here's something that could quickly bring markets backed down to earth. Same store sales for the critical holiday season. Some retailers make half of their profits and hear it and are looking here by the today. According to the latest Thomson Reuters data sales growth in December is set to be less than half that of last year at one point 7%. Discounters such as Costco look like able fare worse. The biggest is teen apparel sales to fall by almost 3%. And investors are hopeful -- Morgan Stanley retail index down over 3%. Since late November. We'll also take the pulse of the tablet wars when Barnes & Noble reports its latest sales. -- what it says about the outlook which makes up almost 9% of the company's revenue. Last quarter it's not a -- wide -- on the device by over 6%. About 108 million dollars. 'cause -- investing -- to keep pace with larger rivals Amazon and apple. The outlook is getting worse on Friday by its -- that it holiday sales will come in below expectations. It also saw a 5% stake and it's no business to Pearson for almost nineteen million dollars. Expected different picture though -- December sales come out in the morning. Our experts I have our estimate it will stay at around five or hide. Hitting fifteen point four million units thanks to it damaged vehicles being replaced. Analysts say they're reading about -- fifteen million would be wearing. Finally if you thought that go -- with bad. And think again the 113. Congress gets sworn in around -- And it could be more toxic than the last one. That's because it will include fewer members from moderate districts that means more room for potential gridlock. We could see that come into play in late February when the Treasury Department have to raise the debt ceiling. The next conflict is likely in late march when it's built upon the government expires. A pilot but we are -- insider at our interviews with top market movers on Reuters TV. We take a look at the surprise key player behind heated fiscal -- negotiations. Vice president Joseph Biden. How he's gone from gaffe prone campaigner. To determine power broker and bats -- lack. I got up there this is writers.
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