Our road map begins with macys down double digits on the earnings miss. Shares of kohls taking a hit. Shares of snap also plunging more than 20 after its first public Earnings Report. Didnt go too well. But well dig in on the quarter. Fireworks expected on capitol hill later this morning. Acting fbi director Andrew Mccabe will take the stand in place of james comey. But first, comps are below consensus, down 4. 6 on the owned plus licensed basis. Macys says it expects the sales decline for the full year. This is nine straight quarters, jim, they have had comps in the red. Yeah. Ive got to distinguish macys from kohls here. I thought kohls was a decent number. Kohls got better and better and better and they have lean inventories. Macys what can i say . They dont have it. They are the ones when you try to figure out who exactly is in the crosshairs of the moment, i come back to macys. I just feel like that the you could floor by floor. Aisle by aisle and theyre being challenged. And it i
Race. S tailwinds and headwinds Earnings Growth thanks to cost cuts, while British Airways efforts to slash spending are blamed for the epic holiday meltdown. An half hour away from the european open, the start of cash trade trade lets look at futures, down ross the board to reject it down yesterday rita looks like we can have a softer open, your stocks futures down 2 10 of a percent. With the futures ftse didnt trade yesterday because of the make holiday down 3 10 of 1 . Futures us little changed train take a look at the gym in, some very interesting moves to see them yesterday. I got index is still open here. 2 and you have the Chinese Renminbi gaining a little bit. Thats really losing a little bit of strength there. To watch currencies survey. Especially want to see the euro british pound. A bit have those big moves. Interesting to watch, neck asked sugar down as well, 4 . To watch this contract. Here you can see sovereign bond most are in really the asian markets over the action is
On her book the perfect primary you write that the nomination process there was the rule instituted by national and state parties and strategic behaviors of candidates, the actions of campaign professionals and campaign contributors, the involvement of the citizen activists and state and national wall. Can you break that down for us . The most recent change is when the Democratic Party changed the rules were created rules for the selection of delegates which led many states to switch from whatever process they were using in the president ial primaries. We got a big proliferation of the parties in the 1970s which then changed the process to more of a National Process where the candidates that do well in early primaries can then do better in the subsequent primaries when you start watching the race unfold across the nation. How is it that if you do well in an early first of all what are the changes that they did . There were no rules how they were selected before then so sometimes they w
Sometimes are going to disadvantage democrats. But the truth of the matter is that if we have a strong message, if were speaking to what the American People care about, typically the popular vote and the Electoral College vote will align. And i guess part of my overall message here as i leave for the holidays is that if we look for one explanation or one Silver Bullet or one easy fix for our politics, then were probably going to be disappointed. There are just a lot of in whats happened, not just over the last few months but over the last decade that has made both politics and governance more challenging. And i think everybodys raised legitimate questions and legitimate concerns. I do hope that we all just take some time, take a breath. This is certainly what im going to advise democrats. To just reflect a little bit more about how can we get to a place where people are focused on working together based on at least some common set of facts, how can we have a conversation about policy t