Sales were robust last month. According to the latest government data, consumers spent more in april than expected and thats important because Consumer Spending is responsible for about twothirds of economic output. But it flies in the face of everything that weve heard this week from some of the nations biggest retailers who are struggling to attract shoppers and grow revenue. Jcpenney was the latest to report an unexpected sales drop and cut its gross margin guidance for the year. Steve liesman looks at the possible reasons behind the disc. Reporter a Strong National retail says report for april gave a major boost to the idea that the u. S. Economys in the early stages of a rebound from that weak first quarter. Retail sales grew 1. 3 , beating estimates in auto sales and furniture. Economists looking for 2. 5 Overall Economic growth in the second quarter. But the number raised a troubling question. Why have retail earnings been so lousy . Nordstroms had comparable sales fall 17 , koh
According to the latest government data, consumers spent more in april than expected and thats important because Consumer Spending is responsible for about twothirds of economic output. But it flies in the face of everything that weve heard this week from some of the nations biggest retailers who are struggling to attract shoppers and grow revenue. Jcpenney was the latest to report an unexpected sales drop and cut its gross margin guidance for the year. Steve liesman looks at the possible reasons behind the disc. Reporter a Strong National retail says report for april gave a major boost to the idea that the u. S. Economys in the early stages of a rebound from that weak first quarter. Retail sales grew 1. 3 , beating estimates in auto sales and furniture. Economists looking for 2. 5 Overall Economic growth in the second quarter. But the number raised a troubling question. Why have retail earnings been so lousy . Nordstroms had comparable sales fall 17 , kohls saw them to 4 for the quart
About endorsements and his future in the pool. And spectacular finish. The 2016 summer games come to a colorful close in rio. Americas breakout star simone biles carrying the stars and stripes as team usa racks up more gold medals. Claressa shields making history in the ring. Golden again now, joining us live. And the Mens Basketball Team a head above the rest closing out the games on top for team usa. And good morning, america. Great to start the week in times square and what a finish to those olympics. There you see the fireworks, waterfalls as well at the closing ceremonies and 121 medals for team usa. Incredible, and then simone biles carrying the flag for america in maracana stadium. President obama saying he couldnt be prouder of team usa. Your determination and passion inspired so many of us. You carried that flag high tonight, simone biles. And then simone replying, thank you, such a huge honor, go usa. What a treat she was to watch during the whole olympics. Well have more on
Future in the pool. And spectacular finish. The 2016 summer games come to a colorful close in rio. Americas breakout star simone biles carrying the stars and stripes as team usa racks up more gold medals. Claressa shields making history in the ring. Golden again now, joining us live. And the Mens Basketball Team a head above the rest closing out the games on top for team usa. Great to start the week in times square and what a finish to those olympics. There you see the fireworks, waterfalls as well at the closing ceremonies and 121 medals for team usa. Incredible, and then simone biles carrying the flag for america in maracana stadium. President obama saying he couldnt be prouder of team usa. Your determination and passion inspired so many of us. You carried that flag high and then simone replying, thank you, such a huge honor, go usa. What a treat she was to watch during the whole olympics. Well have more on the olympics coming up. Also the latest from ryan lochte, but we begin with t
Tonight. 60 miles. West of los angeles. More than. 15 hundred firefighters are working. Under grueling conditions. To try and get a handle. On the flames. Battalion chief, mike mohler it was advancing every 3040 miles an hour with the wind behind it easy. Rm so, you cant out run battalion chief, mike mohler there is no way to outrun that. 49 square miles are scorched. And. More than. 82 thousand residents. Have been forced to evacuate. Theres no word. On how many homes. Have been destroyed. But tonight. Eye 15 is open. In both directions. Rain nats who doesnt. Love that sound . Especially. When you get to enjoy it. From the inside. We caught this video. In our station parking lot. Several hours ago. But. Desert doppler is lighting up. With activity. And. 13 first alert. Chief meteorologist. Bryan scofield is tracking. When and where. It might hit. Bryan . A pit bull. That attacked a young boy. Yesterday evening. Near hollywood and and. Desert inn the boy died. At the hospital. The vict