Sears (SHLD) warned that a cash crunch could cause it and its Kmart stores to go out of business unless it can get more money to operate. Payless, the struggling discount shoe chain, is said to be preparing to file for bankruptcy. Bloomberg says the company will close at least 400 stores and maybe as many as 1000. Meanwhile, women's clothing company Bebe (BEBE) will close all of its stores and sell items online only. Meanwhile, Nike (NKE) said U.S. retail is 'not in a steady state' when it reported earnings. The athletic apparel company missed revenue estimates. Rivals, like Under Armour (UAA - Get Report) are gaining market share. Nike also gave a tepid outlook on sales going forward. We are one day away from the health care vote with those in support of it perhaps not being enough to pass it. President Trump is trying to rally support among republicans but some in the GOP say the current bill is too much like Obamacare.
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