Closing Bell: Trump and North Korea Exchange Threats; Wall Street Tumbles
Geopolitical uncertainty reigned for a third day in a row as President Trump and North Korea traded escalating threats. Trump said his "fire and fury" rhetoric could have been even stronger to deter Kim Jong-un from launching missiles. Department store chain Macy's (M) - Get Report spooked the retail sector after guiding for weaker-than-anticipated full-year earnings. Same-store sales are expected to fall 2% to 3% on an owned-plus-licensed basis. Twenty-First Century Fox (FOXA) - Get Report held onto slight gains after a mixed quarter. Domestic cable advertising increased 6% with ratings at Fox News undisturbed by the firing of long-time host Bill O'Reilly. It was a swing-and-a-miss from Blue Apron (APRN) - Get Report in its first earnings report since going public at the end of June. The meal-kit delivery services reported a net loss far deeper than forecast, while customers declined quarter over quarter.
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