To fascists of old. Ellen yes, we are saying he is less like mussolini than the former Prime Minister of italy. Over the last 10 years, democracy has waned all over the world after it being on the upswing. If you look at freedoms, freedom is on the downswing as well. More and more, you see leaders describe him as having a blow torch manner. Leaders like trump, coming to the fore. David using the media in the way that berlusconi did. Ellen right. We talk about thailand and turkey, where you have leaders who have been elected and act like david mike autocratic, yeah. Say, democracy has not made the situation that much better, so maybe they will try something different. Ellen exactly. The connection between democracy and growth, it feels like it is breaking down, even if you look longterm at the numbers. The economy, longterm do better in democracies than totalitarian states. In the short term, people are not making that connection. They are saying to elected officials, you promised us a
Will state repeatedly across the five hours of surveillance this morning, what we can and cannot say. Lets go through it. Of in fact welcome to the u. K. Next line here is an much andra. Citizens are voting in a u. K. Referendum. Prime minister David Cameron is among those casting ballots. U. K. Prevents of reporting while the polls are open. On capitol hill, republicans adjourned the house after 16 hours after the start of a protest by democrats. The democrats staged a sit in on the house floor demanding that Republican Leaders schedule a vote on gun control measures could one of the democrats, john lewis, is a veteran of protests going back to the civil rights movement. I crossed a bridge, not just one time, but it took us three times to make it all the way from selma to montgomery. We have other bridges to cross ,nd when we come back in july we will start all over again. Now youre looking at live pictures of the house. Paul ryan called the sitin nothing more than a publicity stunt.
Using a stock tool that says, yes. Me list yashgs after sulissa go out on a shopping spree. But if you choose wisely, there could be some money to be made. Now using a quantitative tool looks at market action. We looked at past occurrences when the retail etf has fallen 7 or more within one month as it just has. That has happened 12 times since 2009. Now no clear signal for the xrt itself about half the time it continues to lose ground. But we did find some good individual stocks. Now as for macys, nordstrom and jcpenney, they only post rebound gains of 67 of the time. But when they do rebound, theyre good for 2 and 3 average returns sprerespectivel. There are special i dty and dist names. The names are more reliable bouncing back one week after the xrt loses p 7 or more within one month. So look for names like tjx and ross stores. Head over to cnbc pro for more on other parts of the Consumer Sector that tend to bounce back. All right. Thank you for the data dive. Lets get to bob pisan
Shares of nordstrom down about 15 in the premarket, penne yerkss taking a hit. Well break down whats really happening in the sector. Donald trump launching another attack on amazon and jeff bezos. Trump saying when it comes to taxes, amazon is, quote, getting away with murder. Apple ceo tim cook told cnbc hes very optimistic about china and putting his money where his mouth is in a big way. Well look at the Chinese Company apple just invested 1 billion in. But first up, Government Data shows retail sales up 1. 3, surge led by autos, gasoline and Online Retail. But theres more Department Store pain on the earnings front. Both penney and nordstrom tumbling. At least eight firms cutting their price targets on nordstrom, which misses by a large margin 26 versus 45. Revenue was light. Comps down 1. 7, but the lesson here is that even retailers of that income demographic are not immune. Everybody at the mall was out of position, no way to put it otherwise. If you think of the three drivers o
Yahoo bids, david faber says theyre in the range of 3 billion to 4 billion, but will marissa want to sell at that price, coming up. Carmelo anthony getting into it with macys. Theres one league thats in a laeg of its own. The shoe game is a little bit different. Its the right to consumers. I dont think people are going into stores buying shoes. Everything is job line, websites, apps. He had more to say about that, too. Well have that coming up after the bell. Also including why hes wary of investing. Remember his tech startup. He reminds me of kobe. Very, very bright guy, right, playing basketball. Lets start with oil. Its climbed more than 3 just this week, but is this recent surge in the commodity about to take a turn lower. Lets bring in our friend from rbc capital markets. Were getting close to that magical 50 a barrel market. What do you think . That could be sort of weighing down on prices once you get to the 50, 51, 52. But the thing to watch is were having mounting supply disru