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
Sunshine, but the clouds wont leave us completely during the day today. A little fog this morning. In some of the suburbs, light fog in pottstown. Improving in lancaster, was down to zero visibility. Pottstown had zero visibility first thing this morning. Light fog at trenton. Lighter at northeast philadelphia and wilmington. You might see a few pockets of fog this morning in south jersey and delaware. Onemile visibility currently in dover. What you wont see, any cold temperatures, and a little bit warmer this afternoon. 50s to start. Look at the sky glowing in the lehigh valley. This is just updated information. 58 degrees at 8 00. 66 degrees at 11 00. We will see sunshine before the clouds return this afternoon. The chance of showers holds off for new jersey. Southern and central delaware could see rain later today. At the shore, youll likely see showers by late this afternoon and this evening, too. Ill break it down hour by hour to show how quickly things change in your neighborhood
National taffy day. We have some fog. We barely see buddy. 6 miles visibility at airport but less in lancaster, reading , trenton, pottstown where it is most foggy right now. That could slow you down this morning 61 degrees with the 5 mile an hour wind, not much wind, sunrise time is 5 39, this morning, we are, we may see some sunshine but we will see what happens. Fiftytwo in lancaster. Sixtyone here in the city as we go up to mount pocono, chillier 49 degrees, and heading down the shore 63 in ocean city after a high in the mid 60s yesterday. We will expect to rise in the 70s with a few showers, possible and mostly cloudy skies, but is there more rain in the forecast, we will tell you when, coming up in the seven day, bob kelly. Sue, good morning. 5 01. We are looking live at i95 near philly international airport. Most of the construction on i95 picked up, heading home, but notice light fog in our airport overhead street lamps here and depending pneumonia where you step outside front
Good monday morning. Welcome to squawk alley. Obviously watching the markets this morning some of the big tech stocks taking out their loss from friday as they are under pressure for a second day in a row. Analysts issued a rare downgrade for apple saying the stock has limited upside potential fang is under pressure we thought friday was a one day dynamic, some of these names are proving otherwise. A bit of a rebound, though, in tech. I watch a grouch tech stocks and i was looking at one points in the 10 00 hour there were about 39 of them that were down 3 or more im looking now and its six are only down that much. So quite a rebound i think apple is a prime example at the heart of this i take the point, bob pisani was saying earlier he doesnt understand why people say apple is overvalued. Theres this valley of doubt on apple that usually happens right around late august to late january people start saying oh, this iphone, this next one isnt going good enough. Theres never been an ipho
Good thursday morning. Welcome to squawk alley. Im Carl Quintanilla with jon fortt, sarah eisen at post nine of the New York Stock Exchange joining us this morning Business Insider ceo henry joining us. We are awaiting President Trump expected to make comments on his new apprenticeship and workforce of tomorrow initiative that is rescheduled from yesterday. Also set to sign an executive order. Eamon javers with us from the white house. Do we know, eamon, whats inside this executive order what the president is set to say . Reporter yeah, we do, sarah. We dont know what the president is going to say here but this will be the first time to see him on camera today since he issued those tweets this morning about the reporting from the Washington Post that says he is under investigation for potential obstruction of justice by the special Counsel Robert Mueller. So well wait to see whether or not he addresses that. He was sarcastic and angry in his tone in the tweets this morning. Well see if