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Markets Flat Despite Philly Fed Numbers

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  • Description

    FBN’s Robert Gray breaks down the stocks moving the markets.

  • Duration 0:52
  • Date

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I've got another economic indicator for you this is from the retail sector -- graze on the floor of the New York Stock Exchange looking at Bed, Bath & Beyond.

Now what's that telling us about the overall economy -- Well -- seeing you know sales slow moving bids are still seeing growth -- Bed, Bath & Beyond.

Profit down much better than anticipated last quarter.

But for the current quarter that's what investors are looking for they're looking -- significant drop off below what analysts had been predicting.

That's why the shares are cascading down about 14%.

In early going -- and -- reported after the close last night and immediately a drop -- part of this.

They see as you know -- uncertain economy part of that is they're gonna ramp up spending to try and sell more goods online because we know these -- And mortar retailers as you and I discuss in the last hour lot of folks like you go and kick the tires and then.

-- pillows on line.

Yeah what's -- -- -- thank you Robert.

Good stuff from a good stuff indeed.

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