Macy's was down about 5, 6% at its lows today. So why do you think Macy's sold off? I know why they sold off initially. And then why doyou think they rallied? Is it just the market bounce? I found that hard to believe because it was a pretty substantial low. Mary: One interesting point is that employment still remains strong. It has got to be a concern, especially at the lower end of the economic spectrum. If they don't have money packed away like, you know, wealthier consumers,. That's exactly what we're seeing here.
Bloomberg Intelligence Senior Retail Analyst Mary Ross Gilbert discusses Macy's and Nordstrom earnings. Ge Bai, Professor of Health Policy and Management, at the Johns Hopkins Bloomberg School of Public Health, shares her thoughts on hospital pricing transparency. Sharon Miller, Head of Small Business at Bank of America, provides insight on small business owners’ outlook on the current business and economic environment. And we Drive to the Close with Randy Watts, Chief Investment Strategist at O'Neil Global Advisors.
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