Burbank Says Saudi Arabia Favorite Emerging Market

Feb. 7 (Bloomberg) -- John Burbank, founder of Passport Capital LLC, talks about emerging markets investment strategy. Burbank speaks with Erik Schatzker and Stephanie Ruhle on Bloomberg Television's "Market Makers." Mark Yusko of Morgan Creek Capital Management LLC also speaks. (Source: Bloomberg)

Sainsbury CFO Sees `Very Tough Retailing Environment'
30:41 - U.K. supermarket chain J Sainsbury Plc reported annual profit that beat estimates as the company outperformed peers in a market blighted by deflation and discount competition. Operating profit fell 11 percent to 700 million pounds ($1.02 billion) in the 52 weeks ended March 12, the country’s second-biggest grocer said in a statement Wednesday. Chief Financial Officer John Rogers goes through the numbers with Manus Cranny in Dubai and Anna Edwards in London on "Countdown."
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