with this reporting, quote, the former president has called witnesses throughout the investigation according to those who spoke anonymously to reveal conversations. they ruled out a number of former officials as the recipient of this latest call highlighted by cheney saying it was not former white house counsel pat cipollone whose deputy patrick philbin, former media officials, matthews or former pascale. the allegations of witness tampering by trump and his associates, though, do add new dimension to the wider scandal that is to overturn the 2020 election results which, as vice chair liz cheney added, trump was, quote, substantially and personally involved in. politico reports on the dual track of the committee s public hearings with this analysis. on the one hand, the committee is focused on filling out the historical record of the attempt to overturn the election and its violent conclusion. on the other, its members are laying out an unmistakable map to a potential crimina
understand by the way that s volume one. it s a coloring book. yes anyway, thank you very much. but i ve got my work cut out for me and boy, is it difficult. jim put it on twitter earlier this morning, our thoughts with jim today. futures are soft on this monday. i m still here. don t say that worst day for stocks in several months china tries to get back to work, paul on the hill this week yields nearing a one-week low. the fight to contain the coronavirus, the death toll surpasses that of sars factories and businesses in china trying to resume operations plus we re on deal watch. we got a few this morning. simon properties buying taubman center and elle brands the sale of victoria s secret stocks are set to open lower because of the coronavirus the number of confirmed cases in china is well over 40,000 including 910 deaths, make the outbreak deadlier than the sars epidemic of 012 and 03 it shuts down businesses and manufacturing and a slew of headlines eve
for the next leg of the market, up or down on days like today, dow advanced, s&p inched out gain and nasdaq declined, i have to ask how bullish are people adding money into the stock market pulling money out? the case for years and years interest rekindled by the snorting bull? let me start out saying that sentiment is incredibly important. you don t want overexuberance, froth, people to be too excited. that means everyone would be in the pool already and you re late to the rally however sentiment is extremely hard to gauge. there s some ways that people try to cut and dry it. services that tell you how bullish or bearish news lr writers are every week but there are fewer and fewer newsletter writers enthusiasm or lack thereof no longer means much to me. used to mean a great deal. material, stock inflows. dismal, more going out than coming in, isn t that counterintuitive many weeks produce good outlays from stocks. call that negative sentiment certain, no sign of the dreaded
our road map begins with macy s down double digits on the earnings miss. shares of kohl s taking a hit. shares of snap also plunging more than 20% after its first public earnings report. didn t go too well. but we ll 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. macy s says it expects the sales decline for the full year. this is nine straight quarters, jim, they have had comps in the red. yeah. i ve got to distinguish macy s from kohl s here. i thought kohl s was a decent number. kohl s got better and better and better and they have lean inventories. macy s what can i say? they don t 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 macy s. i just feel like that the you could floor by floor. aisle by aisle and
dow only declining three points, s&p advancing 1.6% i totally understand why when employment, the primary indicator of economic strength, is at its best level in four decades. but so many other indicators are slipping, everything from housing to autos, retail sales and oil. in fact, someone asked me what i thought of the market last night after a live audience show i ended up saying i don t know if there is a market to care about now. there s just pronounced sectors and rotations into and out of them that happen at the flick of a switch this week the health care sector ral yesterday. everything else took a dive. as well as some fabulous action in technology. still, the debate over the economy will rage, because the fed is in tightening mode, trying to get back to normal rate keeping that s fine if you re looking at employment numbers but not so hot if you re looking at anything else maybe we need a little life support, which is why we start on monday with the durable goods or