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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 ....
Deutsche bank is said to be considering funding private equity firms to buy distressed loans. How will the u. S. Authorities react . Lets talk about the markets. Im going to do gmm first. A quick look at what is happening around the world. Japanese yen, big move. Trading 116. 01. We are seeing a weaker dollar. The bloomberg dollar index down 0. 6 . The danish krone is moving. The euro is up 0. 5 against the dollar. The dollar, despite fed fears, is actually going down. Take a look at the Commodity Markets as well. Theres a big china story. Zinc on the move today. You are also seeing copper on the move as well. Familiar to the beginning of last year. Lunar new year is coming up very shortly. The markets on the move. Heres the bloomberg first word news with juliette saly. Juliette thank you. Donald trump has picked a wall street insider to the his top regulator despite railing against the industry on the campaign trail. Clayton t ....
Teachers ever so slight below are appeared drained to the nikkei dropped 131 . In . Chinas shanghai composite up one quarter of 1 . Lauren oil rising 1. 7 . Danny quarter note. 2. 43 . A tale of two retail giants, macys is closing with a 60 brickandmortar stores and shopping at amazon plans to open another bookstore at this time in new york city. Well have that story. Russell westbrook trails in the head with a basketball and its a technical foul. All the highlight of the Center Versus the Charlotte Hornets. Lauren 5 01 a. M. In new york. Welcome to fbn am, your first look at morning markets and breaking news. Nicole for people now in custody in chicago in connection with the racially charged antitrump attack. It was broadcast on facebook life. Disturbing and graphic video and runs about 10 minutes long shows a white man tied up with his mouth covered, cowering in the corne ....
Someday this march you will wake up and not have Health Insurance plan. That is not happening. That is not true. What we are doing is being methodical, deliberative and doing this the right way. Ashley how will it play out . That is the question. Lets go to blake berman. So many questions surrounding obamacare, phase in, phaseout, the timeline of all that. As far as the phaseouts go that is the repeal, when will parts of it end. The phasein, and the republican plan coming in, House Speaker paul ryan would not commit to any such timeline whatsoever. He did say the legislation that would allow for all that to happen would be a 2017 item. The question is how long will it take markets to put in place and adjust. That question we dont know the answer to but legislating obamacare in position. President elect trump was tweeting about obamacare earlier but shifted his attention a wh ....
But, it was a different story indeed for the department stores. And now many are closing. Here is jericka duncan. Reporter with Holiday Shopping over, the Retail Store Closing season has begun. With macys leading the charge. The nations Largest Department store announced it will close 100 stores, about 14 of its entire fleet and shed 10,000 jobs. One reason, a failure to adapt to the cultural shift in consumer shopping. Retail strategist melissa gonzalez. Theyre not as nimble. Cant change. Not Technology First companies. So theyre starting to reevaluate and restrk chur and some going out of business, but they need to deliver Something Different to consumers now. Sears holdings shuttering 100 ....