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3XSQ: Economy underperforms in Q1

Friday, April 27, 2012 - 03:17

April 27 - Shoppers did their part to boost U.S. economic growth in the first quarter but the GDP slipped on inventories, weak business spending.

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Ahead the US economy other reforms that -- on outperformed. Michael Jackson and Abraham Lincoln have in common the answer coming up. What's that street signs and Friday from writers -- headquarters in York stealth -- consumers. Shoppers that there are hard to boost US economic growth in the first quarter snapping up cars and other items that I healthy clip. Businesses scaled back on investment and restock shelves that only a modest pace. With -- stored Gately did it today 2.2 percent that's the figure for first quarter GDP below the 2.5 percent estimate. Our power player of the day Amazon CEO Jeff -- does he doesn't again. Despite concerns about the stock's high valuation and excessive spending by the company Amazon be even the most bullish Wall Street expectations. Revenue jumped 34%. As consumers -- digital products for the Kindle fire. Amazon shares are surging more than 10%. Analysts raised their price targets some as high as 285. Dollars. It may become one of the hottest trends this earnings season blaming Europe. Starbucks reporting a better than expected profit and global sales -- established locations. Fell short of forecasts due to weakness and you got it Europe. Courtly same store sales there now for the first time in three years -- meanwhile saying about the same earnings beating Wall Street forecasts that sales in Europe. Falling to their lowest levels since the mid 1990s. Checking this year is right now we're seeing Starbucks not better than 6% Ford down nearly 1%. In Europe another ratings cuts for Spain S&P dropping the country's debt two notches to triple B plus. Saying the country's banks -- means state eight. Yields on ten you're dead hovering near the 6% range. I spent ministers saying staying faces a crisis of huge proportions. Investors seeking bargains -- Spanish stocks are up as are equities and the UK and Germany. Also European marijuana tourism could go up in smoke a Dutch court has upheld a controversial law. It's harder report towards the -- patent is that the Netherlands Spain is coffee shops. The Bob Herbert is forty years of liberal drug policies there and it's expected to go into effect nationwide next year. A lawyer for the copy shop owners says they plan to appeal the decision. And finally we asked earlier what became a pop had in common with Abraham Lincoln the answer. I didn't used by boat close to when they died appearing together at an upcoming auction. The item from Michael Jackson is the face mask he wore the night before he died. For Lincoln it's apparent binoculars he brought with him to show that at Ford's theater where he was -- Sanders auctions hoping to get 50000 dollars for the face mask and 500000. Dollars for the binoculars. That is the latest -- as -- this Friday I've got this this is.

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3XSQ: Economy underperforms in Q1

Friday, April 27, 2012 - 03:17