At philly international. In receipt tremendous expect i probably would have done things a little differently. Donald trump junior facing scrutiny after he releasing a series of emails way russian lawyer. This is moving into perjury , potentially treason. You know who else couldnt believe don junior published emails one reporter tweeted i work on the story for a year, and he just tweeted it out. That is right, fake news, you got scooped by donnie junior, hahaha. Much more to come on that story but now we are focusing on the weather. And also the word, the heat and humidity makes it insufferable. It will feel very, very sticky, steamy, sultry, and particular on with all of the adjectives, exactly, et cetera , et cetera. Throughout the course of the day it may feel as hot as 100 degrees, tomorrow, it is going to be the worst but we will start off by taking a quick peak at storm scan. We have weather variable to consider here heat and humidity obviously but also, a glance at radar toward a
Points. It started with macys, and spread to the mall reits, and starbucks and nike. Anything that touched the consumer and your money was sold, and sold hard today. Are these jitters about retail, about retail, or fears about the broader economy . Karen, ill start off with you. Yes, god, the worst weve had in a long time. I think that some of what was going on is specific to macys. Some not specific to macys, very general. Specific to macys, they talk about the issue of the sort of tourist that are big generators for them. Not doing well. But now this is a little different. They dont see that coming back. They used to think that that would be a somewhat, you know, temporary phenomenon. Now theyre sort of backing off that. The call from macys was rather downbeat, i thought. And they its ten times their lowered guidance. Which is certainly low for macys. But theyve missed a couple of times now. Im long macys. I found this very disappointing, as many people did. The wider implications ar