JC Penney results give investors more reasons to run from retail; US strikes trade deal with China

Wall Street is seeing red. Stocks started the day in the minus column as investors weigh another round of sales misses from retailers, including JC Penney (JCP). We’ll break down the results and give you the government’s latest read on retail sales.

We’ll also dive into the potential winners from the trade deal the Trump administration just struck with China, including US beef and poultry producers as well as natural gas companies. And we’ll talk about what “full employment” may mean for American wages and the Trump administration.

Plus, we’ll take a look at The New Yorker cover everyone is talking about.

Yahoo Finance’s Alexis Christoforous, Jared Blikre and Rick Newman bring you all the morning’s top financial news.