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 economy and the outlook for the trump agenda. Wells fargo takes punitive action against the former ceo and another top action for their central role in the fake account fiasco. They announced millions in new salary claw backs. And a video surfaces showing an airline forcibly removing a doctor from an overbooked flight. First up though, big week for the markets. Wednesday well get data including march import prices. Thursday, jobless claims. Markets closed on friday but theres still Economic Data including retail sales, cpi and consumer sentiment. Earnings seasonen gets under way. Citi and wells, well get that before the opening bell. There will be a lot of questions, jim, about margins, rates, this trend were seeing in some c i loans and earnings themselves. Look, last year at this time, there were concerns that perhaps with no rate hikes who knows what they can do and then they got hit by the fact that they have bad oil and gas loans. Now the stocks ran up in anticipation of three
Christine Chris Jonas passed away in Meadville, Pennsylvania. This is the full obituary story where you can express condolences and share memories. Services by Stephen P. Mizner Funeral Home and Cremation Services, Inc..
NEW YORK, June 13, 2023 (GLOBE NEWSWIRE) Howard Jonas, leading a consortium of investors that maintains an economic interest in more than 5% of the outstanding shares of common