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WHAT TO LOOK
A series of reports on retail profits Tuesday will provide new insights into the strength of the consumer and the companies that deal with them.
<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tuesday's report from leading retail companies publishing results includes AutoZone (AZO), Home Depot (High Definition), J.C. Penney (JCP), Kohl's (KSS) and TJX Companies (TJX) before the opening of the market, together with Nordstrom (JWN"Data-reactid =" 19 "> Tuesday's report of leading distribution companies that publishes results includes companies AutoZone (AZO), Home Depot (HD), JC Penney (JCP), Kohl's (KSS) and TJX (TJX) before the market opening, with Nordstrom (JWN) after the market closed.
The figures of J.C. Penney, Nordstrom and Kohl's appeared Monday among the Russell 3000 companies with the shortest interest as a floating percentage, according to a Bloomberg report citing data from the New York Stock Exchange and Nasdaq. Short-term interest for each company was estimated at 41.8%, 19.7%, 18% and 16.9%, respectively.
The results of these retailers come after the US Department of Commerce announced last week an unexpected drop in retail sales in April. This decrease is attributable to the reduction in consumer spending on motor vehicles, electronic equipment and renovation products. However, retail sales in March were revised upward to show a gain of 1.7%, the largest increase since September 2017.
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TOP NEWS
A man looks at his smartphone and passes in front of a Huawei retail store. It is seen through a handrail in an office building in Beijing on Tuesday, May 21, 2019. The sanctions of the Trump administration against Huawei have begun to be felt, even though their dimensions remain unclear. US companies supplying computer chips to the Chinese technology center saw their prices drop on Monday, and Huawei is facing a decimated sale of smartphones with the anticipated loss of Google's popular software and services. (AP Photo / Andy Wong)
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "US eases restrictions on Chinese company Huawei to keep networks active: The United States temporarily eased trade restrictions imposed on Chinese company Huawei to minimize disruption to its customers, decision that the founder of the world's largest telecommunications equipment manufacturer said little, because it was already ready to move to action. [Reuters]"data-reactid =" 35 ">US eases restrictions on Chinese company Huawei to keep networks active: The United States temporarily eased trade restrictions imposed on Chinese company Huawei to minimize disruption to its customers, decision that the founder of the world's largest telecommunications equipment manufacturer said little, because it was already ready to move to action. [Reuters]
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "More on Huawei"data-reactid =" 36 ">More on Huawei
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Combining T-Mobile and Sprint could harm wireless competition: A merger between T-Mobile (TMUS) and Sprint (S) took a step further to become a reality with FCC President Ajit Pai, providing official support for the agreement. However, allowing both companies to team up in an already highly concentrated market could harm consumers who would see reduced competition in space. [Yahoo Finance]"data-reactid =" 40 ">Combining T-Mobile and Sprint could harm wireless competition: The merger of T-Mobile (TMUS) and Sprint (S) is about to become a reality: FCC President Ajit Pai has officially announced his support. However, allowing both companies to team up in an already highly concentrated market could harm consumers who would see reduced competition in space. [Yahoo Finance]
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = ""It's unfathomable": US shoe brands unite against Trump: More than 170 shoe companies & nbsp;signed a letter& nbsp; sent to President Trump to request him not to apply additional tariffs to 300 billion dollars of Chinese products. The letter was signed by heavyweights in the footwear industry such as Nike (NKE), Adidas (ADDYY) Crocs (CROX) and Under Armor (UA) among others. [Yahoo Finance]"data-reactid =" 41 ">"It's unfathomable": US shoe brands unite against Trump: More than 170 shoe companies have signed a letter to President Trump asking him not to apply additional tariffs on the $ 300 billion worth of Chinese products. The letter was signed by heavyweights in the shoe industry such as Nike (NKE), Adidas (ADDYY) Crocs (CROX) and Under Armor (UA), among others. [Yahoo Finance]
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Trump loses court summons for financial records. A US judge ruled on Monday in favor of a US House of Representatives committee seeking President Donald Trump's financial statements from his accounting firm, which resulted in a quick reversal of the government's financial crisis. Trump administration in its legal battle against Congress. US District Judge Amit Mehta in Washington also denied a request for a stay of Trump's decision pending the appeal. [Reuters]"data-reactid =" 42 ">Trump loses court summons for financial records. A US judge ruled on Monday in favor of a US House of Representatives committee seeking President Donald Trump's financial statements from his accounting firm, which resulted in a quick reversal of the government's financial crisis. Trump administration in its legal battle against Congress. US District Judge Amit Mehta in Washington also denied a request for a stay of Trump's decision pending the appeal. [Reuters]
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