Sales were robust last month. According to the latest government data, consumers spent more in april than expected and thats important because Consumer Spending is responsible for about twothirds of economic output. But it flies in the face of everything that weve heard this week from some of the nations biggest retailers who are struggling to attract shoppers and grow revenue. Jcpenney was the latest to report an unexpected sales drop and cut its gross margin guidance for the year. Steve liesman looks at the possible reasons behind the disc. Reporter a Strong National retail says report for april gave a major boost to the idea that the u. S. Economys in the early stages of a rebound from that weak first quarter. Retail sales grew 1. 3 , beating estimates in auto sales and furniture. Economists looking for 2. 5 Overall Economic growth in the second quarter. But the number raised a troubling question. Why have retail earnings been so lousy . Nordstroms had comparable sales fall 17 , koh
Sales were robust last month. According to the latest government data, consumers spent more in april than expected and thats important because Consumer Spending is responsible for about twothirds of economic output. But it flies in the face of everything that weve heard this week from some of the nations biggest retailers who are struggling to attract shoppers and grow revenue. Jcpenney was the latest to report an unexpected sales drop and cut its gross margin guidance for the year. Steve liesman looks at the possible reasons behind the disc. Reporter a Strong National retail says report for april gave a major boost to the idea that the u. S. Economys in the early stages of a rebound from that weak first quarter. Retail sales grew 1. 3 , beating estimates in auto sales and furniture. Economists looking for 2. 5 Overall Economic growth in the second quarter. But the number raised a troubling question. Why have retail earnings been so lousy . Nordstroms had comparable sales fall 17 , koh
According to the latest government data, consumers spent more in april than expected and thats important because Consumer Spending is responsible for about twothirds of economic output. But it flies in the face of everything that weve heard this week from some of the nations biggest retailers who are struggling to attract shoppers and grow revenue. Jcpenney was the latest to report an unexpected sales drop and cut its gross margin guidance for the year. Steve liesman looks at the possible reasons behind the disc. Reporter a Strong National retail says report for april gave a major boost to the idea that the u. S. Economys in the early stages of a rebound from that weak first quarter. Retail sales grew 1. 3 , beating estimates in auto sales and furniture. Economists looking for 2. 5 Overall Economic growth in the second quarter. But the number raised a troubling question. Why have retail earnings been so lousy . Nordstroms had comparable sales fall 17 , kohls saw them to 4 for the quart
Victim and the car investigators are searching for at this moment. This and more next on mornings on 2. On 2. Friday, may 13. Good morning. I am gasia mikaelian. Good morning. I am dave clark. As i say good morning, i am going to say potiluis. Gasia is teaming me how to speak a little armenian. Absolutely. Steve, to you as well. How would i respond in armenian . Probably just patiluis. We could have a whole dialogue. It means good morning. All right. I learned something here this morning. My friend steve wright in san jose will text me something, tell this is gasia. You behave yourself out there. Here we go. We have low clouds. Breaks in the clouds. Its lifted a little bit. Probably maxed out, but its there. There is also higher clouds up above as well. Little low is on its way. Now its just increasing the fog. Enhancing a little bit. So cooler inland is the main impact here. Partly to mostly cloudy on saturday and cooler. There will be some drizzle and scattered showers activity in th
The government is lying about what happened to their son. Evacuation order. We feel we have a responsibility to do everything we can to ensure their safety. The state department and pentagon tell the families of defense personnel and diplomats to leave Southern Turkey amid growing security concerns. And political crisis. Brazils Largest Political Party quits president rousseffs governing coalition, pushing the embattled president closer to impeachment. Good evening. Im antonio mora. Sps the International News hour. We begin in cyprus where a hijacking involving an egyptian airliner came to a peaceful end today. Egypt air flight 181 was on its way from alexandria to cairo whether a passenger announced he had a bomb. He ordered the crew to divert the plane to cyprus. A sixhour runway standoff ensued. The hijacker walked off the plane and surrendered. His motives are unclear, but cypriot Officials Say its not terrorismrelated. It left crew and passengers shaken. Today they finally made it