It's Tuesday June 4th.

Welcome to Mark Foolery.

I'm Chris Hill.

Joining me in studio today from M-Fam Funds, Bill Barker, in the house.

Thanks for being here.

Thanks for having me.

We got weird stuff happening in the market today.

We sure do.

I'm glad you're going to explain what's actually happening with the various earnings that

we have and we're going to, we'll get to some retail, we'll get to some cloud stores. Let's start with Tiffany.

Shares of Tiffany are up 5% this morning and I really am not sure why.

Their first quarter revenue was low. Their same store sales were

negative 5%. That was basically three times as bad as analysts thought it was going to be?

Why is this stock up?

I think they must have said something in the conference call that is not completely

contained in the earnings report and that's often the case because the numbers are not that good

and it's not as if there was some blowout expected. It's a company that's growing at sort of you know the rate of growth of the

global economy more or less. I think the initial pre-market reaction was quite negative and was based in part on part of the

quote that is early on in the report which talks about a drop-off a dramatically lower worldwide spending attributed to foreign tourists.

So that dramatically lower are two bad words to put together in an earnings report.

If you're in the business of selling anything.

Yes.

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