Macy's Plans Job Cuts, Kohl's Cuts Earnings Forecast

Macy’s plans to cut 6,200 jobs by early 2017, or about 4 percent of its workforce, after holiday sales came in at the low end of its forecast. Kohl’s fell 11 percent in late trading after cutting its fiscal 2016 earnings forecast. Bloomberg's Matt Townsend and Bloomberg Intelligence's Poonam Goyal report on "What'd You Miss?" (Source: Bloomberg)

Full Show: Bloomberg Daybreak: Americas (12/28)
20:56 - Bloomberg Daybreak: Americas hosted by David Westin and Alix Steel. Guests include Pimco Executive Vice President and Portfolio manager Tony Crescenzi, Peterson Institute for International Economics' Jacob Kirkegaard and Dynegy President and CEO Robert Flexon. (Source: Bloomberg)
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