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August but straight to macys earnings out right now. Julie hyman has the latest. Are they in fashion . Julie stion mark get it . Julie i do get it but not so much. Low estimates at the extreme for cents, a drop in earnings yearoveryear and looks like sales are down by 1. 5 . Most of the analysts i had seen were looking for flat slightly down, so this could be a bigger drop then had been estimated. It also looks like if you look at the company on the sales basis, just a net sales basis, those numbers down 2. 6 at 6. 1 billion. That, too, is worse than estimated and the company decides weaker than expected Sales Performance in the first half. There have been activist involvement for macys coming from starboard capital, pushing the capital to spinoffs of real estate holdings, a similar thing to what we saw happen at sears. Acs has not done that but they are announcing today the sale of one of its properties in downtown brooklyn to ....
Houses all day long. As strong winds blew into the south bay, tree cutters were kept busy. Weve seen a lot of trees fall. Reporter this palm tree on 11th ripped into a house. It was hollowed out by bees before the storm hit. You know that, tree has had bees inside. So you can see the beehive. It rotted out. Its been weak for years and the wind was just so strong today it, gave out. Reporter while people and pets were spared injury here, this tree a few blocks away took down power lines, pg e taped off access to the house. Just a loud noise. Just a loud noise. But a lot of strong wind and then of course, you know, we could hear the trees just blowing in the wind. Reporter all right. The good news is, no reported injuries from the downed trees here in san jose thus far. However, tree cutters and pg e crews tell us they will likely be busy into the evening. Scott budman, nbc bay area news. Thank you. How about this one, not just a giant tree but a large chunk of the sidewalk, as well. Thi ....
The good news is the rainfall is beginning to break up a little bit here to the south. So well probably have about three more hours left of the wet weather and things try to taper off. Where it is the worst right now is down in southern california. We have storm ranger located there. Flooding and mud slides are possible. Well have more updates throughout the show. My next update at 6 10 tonight. Now that messy commute in san jose, major traffic issue on 880 this morning when power lines fell on the southbound lanes and a massive tree blocked all the northbound lines. Crews removed the power lines and then the big tree. All lanes didnt reopen till 4 00 this afternoon. Trees in the community for many people right in their front yard. This palm tree in san jose. Blame it on the rain, wind and bees. Nbc bay areas scott budman is near downtown san jose for us. Were seeing this across the region. Reporter yeah, and you said it, raj and jessica. You talked about a lot of the wind and a lot of ....
You. First thing is first, we always check the markets. On whates us guidance investors think. The Federal Reserve continuing to drive a rally in the dollar. Asian shares falling, u. S. Equities higher. The topix finishing at the highest since december 2015. Yen was lower. Tokyo shares jumped after the dow at 21,000. Little bitocks a unchanged after closing at the highest level in more than a year yesterday. The dollar extending some of these gains after brainard became the latest fed official to support the case for an Interest Rate hike. Lets get to the bloomberg first word news. Heres nejra cehic. Nejra the u. S. Justice confirmed that attorney general Jeff Sessions had conversations with russias ambassador to the u. S. While he was a surrogate for Donald Trumps ca ....
30 minutes into the trading day in the u. S. , and it seems like market can do no wrong. Julie hyman is here to explain. We are seeing a pullback which is not surprising after the big gains yesterday. The dow turned positive a moment ago, but have come back down. 15it does arrive, it will be of the last 14 sessions that we see the dow industrial average. 44 years ofowest in ess claims. The rally yesterday is the largest we have seen this year. What is Holding Stock back at the moment is the cyclical groups benefiting. The economically sensitive groups. Moreed is starting to get attention of its march 15 meeting after Lael Brainard hinted that a rate increase would happen earlier rather than later. Notable, feds on future pricing and 80 chance we would get an increase on those rates. Want to bring it back to individual stocks were we are seeing earningsrelated winners. Monster b ....