For 72 hours before anybody else can try it on. Were there any items you guys decided probably need to put this on hold or were not selling this . We started a fewonths ahead of us in this. There hasnt been any specific merchandise thats been problematic. I think mostly through services, we think in our Beauty Department we do a lot of make overs. Youre telling the customer we cant do that right now. We do say lot of tayloring. Reporter the retail brought in nearly 4 trillion last year employing roughly 52 million americans. Matt shea is president and c. E. O. Of the National Retail federation. The Group Estimates 7 million retail jobs could be lost due to the pandemic. As the Retail Industry goes, so goes the economy. And we need those businesses, large and small, to support those communities and to deliver products and services. But also to create Employment Opportunities for those millions of americans who will be impacted if we dont. Reporter the Retail Industry supports more than
Wall street watching washington today. Stocks set for a lower open. Google, the banker. The search giant reportedly planning to offer Checking Accounts next year and nikes amazon challenge, the sports wear retailer set to stop selling its clothes and shoes directly to the ecommerce giant. Wall streets going to pay close attention to events on capitol hilld chair powell will testify before the joint Economic Committee of congress and the nation will hear public testimony from house impeachment witnesses for the first time the inquiry surrounding the president s actions toward ukraine, for our purposes, jim, well see what powell says first as we expect him to say the economy is in a good place. Yesterday was a punitive moment with President Trump calling for negative rates and i think that a lot of what lets just call all of our watchers who are in the professional side of things, i think were unanimous in what was that about, thats off the reservation. I think jay powell is immune to it
Stocks testing critical levels durab durables, though, were fought good ten year 176 our road map begins with twitter. Tanking as you know. Tesla up big two big movers on this busiest day of the season. Amazon and intel report tonight. Plus the 737 maxes are taking a big hit. The ceo will join us first on cnbc. Beyond bearish bets mount ahead of the companys lock expiration and 3q results. So lets start with two big movers in tech tesla is surging after surprising a quarterly product delivery and cost cuts they expect to deliver more than 360,000 teex e vehicles th vehicles this year ted segal, on a weak revenue guide, despit daus that beat consensus up 17 the buck in the ad product, jim, that kept them from basically getting good data to share with their ad partners, took 3 points off the growth. Very self inticketed wound. Ned segal comes to realize as a cfo the spokesperson for the firm, you know, i come back and i say, look, it is still a must buy if you want to introduce the joker
Set for another lower open with a rough start to q4. Wework has been jumped. Downgraded by 2 gnashes. And shares of stitch fix tumbles. Company forecasts a soft quarter ahead. Stocks continue their downward momentum today, a day after the ism Manufacturing Index fell to its lowest level in a decade yesterdays selloff erased the gains for 3q we did get Economic Data in the past hour. Adp says private sector added 135,000 in september that beats forecasts by about 5,000. There was downward revision to august, though, and refinitiv, jim says, adp estimated bls in eight of the last ten septembers well watch for friday right i do think that there is a pall cast over this market since the impeachment announcement every piece of data that comes out, instead of good things, bad things well talk about stitch fix. The quarter was Good Business is good they decided to invest uses the word invest over and over again in a Conference Call. Invest to make the business great. Everything that she said
Positive open to close out what has been a volatile week plus, more phones, please apple reportedly increasing production of iphone 11 models by 10 the shares are rallying. Also capitalism as we know it, is it dead or how much wealth is too much surprising thoughts from marc benioff and Mark Zuckerberg today. 136 is a good number the Unemployment Rate down to 3. 5. Retail loses 11 k. Manufacturing loses 2 k. Government up 22 this is a number which says to me that the fed can still cut because the sector being stagnant is manufacturing. A lot of that is the fact that the dollar is so strong. It is very interesting, they talked about hey, listen, we have tariffs, dont worry, the dollar is strong and the chinese currency is weak, it makes up for it thats something we have to be thinking about we continue to lose because of the currency so that gives the fed reason ability to move. I dont like that it is all healthcare again reminds me of the old economy. It is also a lot of government wor