They may be ready to turn on on main street suffering before no better time to do a little officer derek chauvin. Dining with the dalys. This morning, where the case and the looting and vandalism. Yes, this has becon and siri if you can, its a gift card the home kitchen, newly renovated home kitchen it would that you can buy now that gives seem the country goes from here. Them cash they can use for breaking news. Stunning. Immediate needs and you can cash this mornings new jobs numbers in on that later they will be whipping up one of deliver a major surprise. Their favorite summer if youre in a position to make the Unemployment Rate actually dropping to 13 . Combinations good morning. More than 2 million jobs added thank you, guys good to see you both ill start off by saying this hasnt been stressful at all we just rolled out of bed and to the economy last month. Both numbers far better than this stuff was here. Expected. A donation, fantastic. Is the worst behind us. Theres some thing
Europe, the unwind could catch the markets by surprise. Mr. Diamond saying, quote, weve never had qe like this before weve never had unwind like this before when that happens of size and substance, stit could be a litte more disruptive than people think. We act like we know exactly whats going to happen and we dont. Steve liesman, i go to you first. What do you make of dimons comments jamies on the front lines there. Hes going to be part of the process of unwinding the Balance Sheet. And i think his words of caution should be taken seriously. I think two things, though i think the fed has kind of preempted these concerns, if you look at how theyre doing, Balance Sheet, theyve sort of put it on auto pilot, but they have a switch where they can turn it out if things turn out badly. I think what the fed wants to see is wants to see the market behave in this process and not be disrupted by the process. And i think theyll turn it off, if they do so jamies right to be cautious. Hes a guy who
And in one weeks performance, and macys, and nordstroms and kohls all down double digits, and coming in short on the topline, and only macys beating on the bottom line. And jcpennys, and daillards ae down on the bottom line. And macys, and nordstrom put up the worst comparable sales in nine years, and jcpenney is also down, and jcpenney missed the comp sales estimate base wide margin, but it is holding the guidance due to the recent comp trends in the last two weeks in ape are ril. I spoke with Ceo Marvin Ellison on the phone, and he is interested in bringing in less weathersensitive categories, and rolling out appliance, and growing Sephora Beauty in more stores. He does not believe that the quarter is a reflection of those moving to the amazon, because he said that the customers feel good about their financial situation, but it is more of the lack of confidence in the future of the economy, and specifically the economy under a nonincumbent president. And thank you, courtney. The reta
To the white house to talk infrastructure again. But it could be off the rails before it even starts, as President Trump threatens to block any infrastructure deal unless Congress Approves his new nafta. And right now on the hill, treasury secretary Steve Mnuchin testifying. This after a confidential irs memo obtained by the Washington Post says the agency must turn over tax returns to Congress Unless executive privilege is invoked. And also happening right now, democrats are meeting behind closed doors to discuss, you guessed it, whether or not the party should move forward with impeachment proceedings. We have to start this morning with the meeting going on now on capitol hill. Nbcs Kelly Odonnell is live on the hill. Kelly, take me inside the mind of nancy pelosi. House speaker is huddling with congressional democrats. We know impeachment is the hot topic. What do you think is going on inside . Its a careful balancing act, steph, because the House Speaker is trying to be responsive