In europe, things have barely budged in most of the major markets. Cac is flat. Dax is up 0. 1 . The ftse up almost 0. 2 . Crude oil prices continued to climb yesterday. This morning giving back just eight cents. But there is a thought that with supplies in the United States experiencing an unexpected draw down, and with more countries looking like they may support saudi arabia in terms of continuing that production cut, we have seen prices that have stabilized well above the lows weve seen earlier this week. Wti trading at 47. 76. Some big corporate stories. Retail wreckage continues. Department store chains taking a major hit. Nordstroms posting better than expected earnings and revenue, but the stock dropped on a samestore sale miss. Theyre the latest Department Store to get hurt by a slump in clothing because of online shopping. Macy shares dropped 17 yesterday during the trading session after Quarterly Results missed. It was the worst day for macys shares since 2008. Well get anot
The box today. Why not, right . Somebodys got to be the bull. How do we get there . This goes back to last year. This has been a very sink nous, from 15 recession, 16s recovery was born from that. When i say recession, i mean global recession, it was pretty harsh. I think the distractions of brexit, the election here in united states. Ref rerendum of the month in europe. That has really distracted people from whats going on and now n the First Quarter, we see the proof. The earnings have been spectacular. I think if you would have asked me three months ago if the First Quarter would have been this strong, i would have been more positive ant how this would play out. Roll into that the fact rates havent moved. I think now where people are on board with the earnings story, theyre not still not board with multiples expanding. Uncertainty about the recovery is is lower. You say its been underplayed. How have are we underplayed at new highs . I think the story line has been underplayed. Mean
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 sector pressure the entire market, getting hammered yesterday, what this means to house of the consumer, the economy and your money. Macys stock down 17 yesterday, broader markets today look like this, futures indicating a weaker opening for broader averages today. Dow industrial expected to open 30 points, dow headed for the fourth day of losses in a row, of course, retail store one of the big stories for broader markets yesterday. In europe stocks, ftse is up a fraction, cac quarante is up a fraction. In asia overnight, mixed performances, take a look as you see there the nikkei average in japan down a third of a percent, shanghai composite in china up three quarters of a percent. Stephen colbert is firing back at President Trump after the president called him a notalent guy. All the stories coming up this morning and joining me fox business dagen mcdowell, recon capital and horizon manager, kevin kelly and the wall street journal Editorial Page Editor james freeman. Great to see
Hes a showboat, hes a grandstander. The fbi has been in turmoil. You know that, i know that, Everybody Knows that. President trump says he was going to fire comey regardless. That is not only inconsistent, it contradicts inner ray way what this white house said was the original impetus for the firing of james comey. This happened at 12 01 or 12 01, fire him because he wore a red or blue tie, this shouldnt be a complicated process. I said if its possible will you let me know, am i under investigation. He said you are not under investigation. It is just scandalously unethical and im amazed they think this is a defense for his reaction. What is your reaction to this conspiracies . The message is resist, obstruct, deny, insult, insinuate. Severe thunderstorms and damaging winds are moving over parts of the south into the northeast. This becomes a chilly weekend rain climbing up through the midatlantic. Passengers had to be evacuated from a United Airlines plane after a scorpion crawled out