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From: The Bloomberg Close <noreplygmail.bloombergbusiness.com> To: <I Subject: Consumer alerts Date: Tue, 19 Nov 2019 22:07:19 +0000 Bloomberg Good afternoon. Here's what you need to know to end your day. • The retail mood turned sour on dreary earnings. • People listening in on Trump's Ukraine call said things weren't right. • Want a raise? Move to Texas. Home Depot and Kohl's posted disappointing results, raising doubts about whether American consumers can keep up the spending as the holiday season approaches. • Home Depot's weak performance—comp sales grew 3.6% last quarter versus the 4.6% consensus—was all the more surprising since the company had told investors that the second half of the year would be better. Same-store sales have now trailed projections for three straight quarters • At Kohl's, that metric increased 0.4% in the third quarter, half of what analysts expected. The retailer now says profit ex-items will be $4.75 to $4.95—with the new top of the range 50 cents below the previous outlook • Urban Outfitters reported same-store sales of 3%, which topped the Consensus Metrix estimate but was down from 8% a year ago. Comparable sales at its chains—Urban Outfitters, Free People and Anthropologie—all missed. Shares fell more than 10% in late trading. • And then there was Macy's, which doesn't report until Thursday. It fell 11% after confirming some customers were exposed to a data hack while shopping on its website last month. •