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COMING UP:Share Opener Variant 2

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Transcript

00:00:00
shares of Walmart plunging on Wednesday in their biggest one day loss in twenty seven years the retail giant telling investors that dealt with the flatness fear and earnings next year could be down double digit , writers Nathan lane is covering the story big investments and wages arm and training after people as well at new positions in certain cases , I will be the biggest weight on their on their earnings on top of that they're going to continue to invest in in ecommerce distribution facilities they've been rolling out the large one million square foot facilities in large markets around the U. S. the third element is right and what that means basically , they're gonna invest in discount , Walmart has been struggling with my dismantled they growing competition online from Amazon and in stores for meat you know supermarket writing for a piece of rhetoric that , under pressure from investors to turn things around , the company last week swinging your finances and in your head of merchandising , you are not McMillan there's return investment could lead to profit growth but not until twenty nineteen , but investors aren't buying it last year when they held an investor meeting aren't exactly a year ago they had build this year and the year investment , needed to propel growth , I'm going forward so it's a bit every a repeat of what they said last year that that they're asking investors to wait , arm wait and be patient and you know I think investors showed , they're not willing to be patient anymore , Walmart would be biggest loser among the Dow industrials Wednesday share the company are now down more than thirty percent this year