The annual Macy's 4th of July fireworks show in New York City provided the usual oohs and ahhs. But the pyrotechnics were quickly replaced by a dud of a June sales report from Macy's Thursday morning.
Macy's (M) said that sales at stores open at least a year, the most widely watched measure of health in retailing, were up just 1.2% from a year ago. Analysts were expecting so-called same-store sales MOREPaul R. La Monica - Jul 5, 2012 12:24 PM ET
QE3? Operation Twist 2? There will certainly be more pressure on the Federal Reserve to announce yet another round of stimulus ASAP following Friday's bloody-awful jobs report.
Stocks plunged. The 10-year Treasury yield hit another record low, with rates dipping below 1.5%. That is a Princess Bride level. A 10-year yield this low was considered "absolutely, totally, and in all other ways inconceivable" just a few years ago.
Investors are panicking and MOREPaul R. La Monica - Jun 1, 2012 12:48 PM ET
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