welcome all of those days of threats perhaps not so hollow. china firing multiple muscles around taiwan at her house speaker pelosi left the island nation. chinese media saying the live fire drills are the largest ever in the taiwan strait. streaks across the sky showing the path of some of those missiles friendly over taiwan. di wants is a direct challenge of the country s free air and navigation. republicans are saying china is simply taking full advantage of president biden s weakness. speak of the chinese communist party is clearly trying to intimidate us. for all of their rhetoric about us unilaterally changing the status quo, that is precisely what they are doing. they are trying to press an advantage because they think joe biden has been projecting weakness the last 18 months. unfortunately they have reason to believe that. harris: armed services committee member senator marsha blackburn, the great state of tennessee, is in focus. we begin with senior foreign affairs
Changing of the guard and apple is no longer the company, move over apple. Its varney company, about to begin. Youre as cold as ice yet again, the producers get the music just right. Its as cold as ice, yes, it is for some retailers. Were calling it a fullblown ice age and weve got two new victims today. Look at this, j. C. Penney losing money and that stocks going to open way, way down at the opening bell, well, that would be 10 . If loses 70 cent a share. And nordstrom, that stock is going to be hammered, thats another what, 10 , maybe more than that for nordstrom down. Retailers are in trouble, give me the reasons. Start with you, ash. Ashley people arent spending and if they are spending theyre going increasingly online. Where does it leave the j. C. Penney, kohls, nordstrom, back in the stores . Liz. Consumer spending has cut half a trillion dollars, and what were seeing is Sports Authority going bankrupt. Aeropostale, Credit Rating cut to junk, macys, kohls, basically macys ceo s
Low. Ted cruz looks into the camera and calls donald trump an sniveling coward. Stuart i say enough already. Now something uplifting. Pope francis washing the feet of the poor, following the example of jesus. It was an important moment related to the news of the day, pope francis washed the feet of migrants. Varney company about to begin. Fox news confirms, that the two victims i remember siblings who lived in new york city and also arrests of terror suspects and word of a new terror cell, its coming in thick and fast. Weve had by my calculation, six arrest ins belgium and in germany two individuals we understand received phone calls from the bombers prior to the attacks on tuesday in brussels. We also understand we just heard an explosion during a Police Operations in the brussels borough of sarbeek. Thats the same district when they went to the airport. And alex and sasha two siblings from new york, they were in the delta ticket line and alex was on the phone to his mother when the e
Companies face an earnings recession, an economic recession followed, mike and susan are watching this economy. Mike, are we in danger . I think we are. Looking at the last jobs report it was terrible with a record low number of people participating in the labor market, that that is a bad sign. And the first 2 quarters of this year, i am looking for earnings of the s p this does not bode well. Mike might be right. We came back after this bad First Quarter uk the same might happen here . It could, i am not really negative saying well go to a fullfledged recession. That defined in two quarters of negative returns. But we do see an adjustment in the market of 10 to 20 that is not necessarily a bad thing but what i see is more troublesome than Earnings Report is there is a sort of perfect Storm Brewing you mentioned jobs, Small Businesses are not hiring, Credit Card Debt is down. That is just you know people are not out there spending, we have no wage growth. David i think more important i
ABC57 News in South Bend, Ind. covers all of Michiana including St. Joseph, Elkhart, Kosciusko, LaPorte and Marshall counties in Indiana and Berrien, Cass, Van Buren and St. Joseph counties in Mich.