It is the 26th of May 2019

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"This Is Unfathomable" - Nike, Adidas Pen Letter To Trump Calling Proposed Tariffs "Catastrophic"

Footwear companies Nike and Adidas are publicly airing their grievances and having their say about President Trump's pending decision to slap tariffs on footwear made in China. The companies are calling the policy “catastrophic for our consumers, our companies and the American economy as a whole,” according to Bloomberg and a letter released publicly by the shoe industry’s trade association, the Footwear Distributors & Retailers of America, on Monday.  

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WTI Slides Below $63 After Surprise Crude & Gasoline Builds

WTI traded lower today (finding support around $63) as anxiety over the ongoing US-China trade deal weighed on global growth (demand) sentiment (after yesterday's gains on OPEC/Saudi supply comments).

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Nordstrom Crashes To 8 Year Lows After Slashing Guidance

On the heels of an ugly report from Kohls this morning, Nordstrom capped the day by crashing over 10% after hours to its lowest since August 2011 after missing on revenues and cutting earnings guidance for the fiscal year.

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