"The breaking news in retail the gap APP scrapping plans to spin off old navy. Shares are jumping on the news. Let's get right Courtney. Reagan with the breaking details. Courtney Hi Ryan so gap INC is reversing its decision vision to spin out old navy into its own publicly traded company it's also increasing its guidance for full year and giving us some leadership updates and pretty surprise announcement just in the last asked our so shares popping. After hours on the news. They were higher by almost eleven percent. Pulled back a bit here but just two months ago gap INC announced. Co or PEC was out at that that time. The company said that old Navy spinoff was still going to happen. The separation was first announced at the end of February two thousand nineteen and germ CEO. Robert Fisher said quote while the objectives of the separation remain relevant or board of directors has concluded the cost and complexity of splitting into two companies combined with softer business performance. mentz limited our ability to create appropriate value from the separation gap INC and now expecting fiscal full year sales and calms to come in. At the higher end of the previous guidance guidance range earnings they now will come above what they had guided you because of better promotional levels during the holiday season especially at old navy gap inc his those still looking for a new. CEO In in the meantime the currency of Banana Republic Mark Breitbart will lead gap banana athletic and the other specialty brands so as a group and then Sonia single will continue to lead old navy current gap brand. CEO Nilfisk. He's leaving so still a lot of moving parts in the surprise announcement Brian. But no longer separating out into two publicly traded companies just one under gap INC according to Reagan. Big Big news there. Thank you very"