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
The lowest since october of 15. The road map begins with a rough week for retail. Nordstrom and penney are down this morning. Nbcs lester holt sat down with President Trump and well bring you the highlights on russia and more and plus the tweet storm this morning, threatening former fbi director comey. Apple is taking aim at another all time high today and two analysts raising the price target. First up though, Government Data showing retail sales up 0. 4 in april. The strongest gain in four months and nordstrom beat on revenue and comps are down 0. 8. Penneys swinging to the surprise profit, but Revenue Misses on a 3. 5 decline in comps. Jc penney is going to give its all time low run for the money today. What can i say . Minus 3. 5 comps. They did talk about how march and april improved from february. Now, kohls said the same thing. There was a lot of etf selling yesterday. Really came off of macys. Ebitda, here 40 million down from 176 last year. Theres no growth and its really hard
The way we stop and the way we live as bricks and Mortar Stores retreat. Jn Online Shopping is taking over. Amazon, that one Company Accounts for the retail sales and its interesting, that news that makes headlines in the establishment media is about hatred and contempt for President Trump. The news that affects your everyday life is running all the way to the back burner. Stay right there. Were background to tell you about a surge in college grad salaries, a threedecade low for Unemployment Benefits, a surge in home buying over renting and, yes, those ghost malls. Varney company, the friday edition, about to begin. Hes a showboat, a grandstander. The fbi has been in turmoil. You know that, i know that, Everybody Knows that. You take a look at the fbi a year ago, it was in virtual turmoil. Less than a year ago. It hasnt recovered from that. All right, you heard it, that was President Trump speaking with nbc about the comey firing, directly contradicting what the white house had said a
Congressman brad sherman of california on the trumpcomey soap opera. Arrests at the border hitting a 17year low, migrants shaken by the Current Administration sharp line approach as the president meets with Homeland Security Republican Leaders in dc, work on sweeping changes to policy, one man has decided to walk the 2,000mile long border in someone elses shoes, professor mark cai, this taking oeddessy, the man walking the entirety of that border coming up in 15 minutes, what he says hes discovered on both sides of the line. Hes been on ranches. It will stun you. Amazon made the hitting new highs bring brick and mortar are on ice. Why are not one but two money guys saying not all of the sectors should be left, the amazon proof stock you need to look at. Less than an hour to the closing bell. Stay with me. Charlie is with me, lets start the countdown. Liz we have now have 58 minutes before the closing bell rings. Breaking news, dow and s p are trading and poised to end negative for the
President s report that he said in a memo to comey to let flynn go. And the fbi director reportedly kept a paper trail that said the president asked him to end the probe into flynn. It hasnt happened so far, but will trumps troubles crack this market . The u. S. Markets are pointing to a large decline at the open. Shares of target jumping in the premarket. The retailer blowing past some earnings expectations. Our top story of the morning is trump versus comey. Now confirmed by nbc news a memo by fired fbi director comey claiming that the president urged him to drop the investigation into former National Security adviser michael flynn. Lets get to eamon javers who is outside the white house with the very latest. Hey, eamon. Good morning. Marine one has landed on the south lawn to take the president away. Hes leaving to go to the Coast Guard Academy where hell give the commencement address later today and that will give aides a respite of the intense news flow, starting at about 5 00 las