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Macy’s Crashes After Attacking Trump
When Donald Trump declared that he would be running for President, Macy’s declared that it was cutting ties with the Trumps and dumped Trump’s clothing line. Why? Because of his so-called “disparaging” remarks about Mexicans.
Of course, Macy’s never admitted that Trump’s remarks were never focused on the Mexican population in general – but only the worst criminals in Mexican jails who the Mexican government had released – basically across the border into the United States.
Today, Macy’s released it’s disappointing holiday sales and it’s stock crashed 9%.
The company also announced that it was closing 100 stores which would result in job losses of over 10,000 jobs.
Back on July 1, 2015 after Macy’s started this war with our soon-to-be 45th President of the United States, the retailer’s stock stood at $67.82 per share. It now stands at about $32 per share.
Shortly after Macy’s declared war on Trump, he called for a boycott and his supporters started cutting up their Macy’s cards.
I’m still reporting from Washington. Good evening.
Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the “Still Report”, the quintessential report on the economy and Washington.
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