Big rise in gun sales

Smith & Wesson says it’s sales were up 40 percent compared to last year, and its profits doubled.

The gun maker also ramped up its forecast far above what even wall street had been hoping for.

Smith & Wesson CEO James Debney credited “strong consumer demand”.

Walmart is cutting thousands of jobs.

The jobs are in accounting and invoicing as the world’s largest retailer moves to automate that work.

The workers will be offered other positions in the company, according to the Wall Street Journal.

Stocks barely moved Thursday as investors wait on the monthly jobs report out today.

Some are calling this the most important jobs report ever as it has implications for both the economy and the election.

The Dow rose just 18 points.

UPS is raising rates just after the holidays.

Daily ground rates and air service will go up 5 percent.

The price increases take effect December 26th.

UPS says the extra money will pay for system upgrades.

Starbucks has a new beverage joining its fall lineup.

Tomorrow, customers can begin ordering Starbucks’ Chile Mocha.

But it officially launches Tuesday with the Pumpkin Spice Latte.

The Chile Mocha is topped with cayenne, ancho chile, paprika, cinnamon and little sugar and the drink tastes a little like Mexican hot chocolate.

For more business headlines from Jane King at the Nasdaq, watch Daybreak Monday through Friday.

Categories: Daybreak, Morning Business Report

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