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announcer: this is nightly business report with tyler mathisen and sue herera. retail wreck. will this earnings season be the sector s worst in nearly a decade? staying focused. the markets brushed off the firing of the fbi director, and stocks are oddly calm. why? and what moves if any should investors like you make? modern medicine. how artificial intelligence could one day predict what diseases we might get. those stories and more tonight on nightly business report for wednesday, may 10th. good evening, everyone, and welcome. the talk in washington and on wall street was about yesterday s firing of fbi director james comey. more on that in a moment, but we begin tonight with retail. some say the industry now faces its biggest challenge since the great recession. and as the sector gets set to report earnings, investors are preparing for the worst. we ve already seen a growing number of retailers file for bankruptcy. and if the pace keeps up, this year could se
United-statesNew-yorkCanadaAustraliaWashingtonCapitol-hillDistrict-of-columbiaOregonChicagoIllinoisAmericaJ-maxx-ross 10% of wells fargo, that is major money we re talking about right there. and the fbi hacking into the iphone of one of the san bernardino phones without apple s help. it s the outcome and is it a bigger black eye for apple or the government? we ll have both sides of the debate. who loses the most in the outcome of this whole situation, apple versus the fbi? the broader market is getting a nice boost after janet yellen said caution is warranted. gold rallying under comments dollar went low are and yields went lower. financials, which of course would typically benefit, they are under pressure today. the worst performing sector in the s&p. let s get to steve liesman with details. you ve got to be asking yourself after this speech by janet yellen has the fed quietly retreated from raising rates, what it dubbed rate normalization, will it ever hike again? from gold to fixed income to stocks, laid out a dovish outlook for rates at this much anticipated speech at the econo
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