Macy's Cuts Profit Forecast: Where Did the Shoppers Go?

A glum outlook from Macy’s renewed concerns about the broader retail industry, contributing to a stock rout for consumer companies such as Wal-Mart Stores, Michael Kors Holdings and Ross Stores. Bloomberg's Shannon Pettypiece has more on "Bloomberg Markets." (Source: Bloomberg)

S&P Cut China's Rating on Debt Threat
19:12 - Bloomberg's Tom MacKenzie reports on S&P's downgrade of China. He speaks on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
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