Announcer this is nightly Business Report with Tyler Mathisen and sue herera. Retail rout. Macys sales plunge deepens as americans abandon malls. The Company Warns the troubles could get even worse. Leaders meet. Why the u. S. Will not discuss a very thorny economic topic with its biggest trading partners. Doctors and data. Do mammograms contain clues detectable only by computers to help find cancer earlier . Meg terrell reports. Those stories and more tonight on nightly Business Report for thursday, may 11th. Good evening, everybody, and welcome. It looks like the magic is gone at macys. The countrys Largest Department store saw sales fall sharply in the First Quarter and its profits fall even more. As we told you yesterday, the retailer has been struggling for quite some time with declining mall traffic, increased online competition, and a race to the bottom discounts. Investors did not like what they saw, sending shares tumbling to a nearly sixyear low. This was the first Earnings R
A meeting of this kind. Also this hour, an emotional tribute from the father of the youngest manchester terror attack victim. Saffie roussos was one of 22 People Killed in the attack at the Ariana Grande concert. Today would have been her ninth birthday. She was so soft and gentle On The Inside Butjust so strong in what she wanted, and she wanted to be famous, she wanted to be on stage, she wanted to be Ariana Grande, the way she is now, that was saffies dream. A survey by bbc 5 live indicates more than a third of premier League Football fans regularly watch games online via unofficial streams. Good morning, its tuesday the 4th july. Welcome to Newsroom Live. North korea says it has successfully launched an Intercontinental Ballistic Missile. The range seems to have been much greater than in previous tests. If the claim is true, the missile could potentially have the range to reach parts of the United States. State media said the Landmark Test was overseen by the north Korean Leader ki
Money, your life, your future. Now, becky quick we begin with Artificial Intelligence from Online Shopping to selfdriving cars, ai is the brains behind the Computer Software that is in every part of our lives. In the medical field, it is saving lives as meg terrell reports, computers are smarter and faster but sometimes it takes a person to come up with a really great idea. Reporter m. I. T. Professor teaches computers how to learn her work focused on areas like translation of ancient languages until a Breast Cancer diagnosis three years ago. Going through it i realized we have more Sophisticated Technology to select shows on amazon than to adjust treatments. She set out to change that using her expertise in Artificial Intelligence and Machine Learning in collaboration with doctors at mass general hospital, the group is Training Computers to analyze mammograms, the hope, detect signs of cancer earlier than the human eye is capable of. There was no was there something in this very compl
European markets you asked we answered. Theyre a mixed bag with the ftse up ever so slightly this morning. The ten year note yield did move around on friday and we do have it now at 227. Right around the same levels it cant get through it. Too much future selling and boy did that group collapse. It did. Lets talk more about that and other things including our road map which is going to start with stocks seeking new records. The dow is on track for its 10th straight at aly gain and plus, paging inspector gadget. Apple nearing the release of a new watch version which can make calls directly. Right. There you go soft bank ceo providing speculation about a sprinttmobile deal continued speculation about a charter deal well try to wrap all of that up and add some insight and new stuff. Well see. The s p 500 one point away from the record closing high. The nasdaq is in the middle of a two week losing streak. Amazing. It is. March of 2,000 is what people keep saying. The difference is cash pos
Candidates tonight in las vegas. Morgan stanley wabeating the street. Well look at the state of financials. And this leaked salesforce document shows acquisitions the company considered targettarget. Are more big buys on the horizon . First up, Hillary Clinton and donald trump square off in their final president ial debate tonight. Clinton does lead most polls with 20 days to election day. Bloomberg has her up nine ahead with men for the first time, that poll was tied in september. Jim, the market hasnt adjusted as much as some of these polls have. No, and i think that one of the combinations here is labor, bank stocks have done well. Has reaction been great . Theyve been okay. But if the if Bernie Sanders gets elevated to go to the senate, goes democratic a lot of talk about Budget Committee what that would mean. Yes. And Elizabeth Warren becomes more of a force than she already is, then i think a lot of these banks are going to be back in this, well, lets relook at what happened at w