Nordstrom Inc. Announces Drop In Q3 Earnings

Nordstrom Inc. (JWN) reported a profit for third quarter that fell from the same period last year.

The company’s profit came in at $53 million, or $0.34 per share. This compares with $126 million, or $0.81 per share, in last year’s third quarter.

The company’s revenue for the quarter fell 16.0% to $3.00 billion from $3.57 billion last year.

Nordstrom Inc. earnings at a glance:

-Earnings (Q3): $53 Mln. vs. $126 Mln. last year.
-EPS (Q3): $0.34 vs. $0.81 last year.
-Revenue (Q3): $3.00 Bln vs. $3.57 Bln last year.

test run

1

Cramer's lightning round: Centene is a long-term hold

• It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

Turtle Beach: "They actually did have earnings. It was kind of shocking. I can't dislike it as much as I did. Let me delve into the earnings … we're going to do some more work on it." 

DexCom: Medtronic has "made everybody a little more careful, and that's the way I think you have to approach these stocks. 

CBAK Energy Technology: "This stock has had a monster move. … [it's] run up so much I just can't recommend them here."

Centene: "You just have to hold on for long term, because [CEO] Michael Neidorff's doing a very good job."

Disclaimer

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer's world? Hit him up!
Mad Money Twitter – Jim Cramer Twitter – Facebook – Instagram

Questions, comments, suggestions for the "Mad Money" website? [email protected]

Biden Says His Staff Has Spoken With ‘Very Helpful’ Fauci

President-elect Joe Biden said Tuesday that his staff had spoken to Anthony Fauci, the country’s top infectious disease expert, one day after President Donald Trump’s administration agreed to participate in the presidential transition.

Biden said he had not spoken to Fauci himself yet, but he has widely praised Fauci’s efforts to stem the spread of the coronavirus around the country. The incoming president had urged more cooperation amid spiking cases.

“I haven’t had a chance to speak to Dr. Fauci,” he said, adding “he’s been very, very helpful.”

Biden said he would agree to meet with Trump, if invited. A meeting between the president and his successor is a traditional part of the transition, but is complicated by Trump’s refusal to concede. Coronavirus precautions would also be necessary.

Biden also said the White House told his team that he would begin receiving the presidential daily intelligence brief, though he hasn’t had one yet.

“They’ve been very forthcoming, offering all access, and so we’re going to be starting those on a regular basis,” he said.

JD Health Seeks Up to $3.5 Billion in Hong Kong IPO

JD Health International Inc. is looking to raise as much as $3.5 billion in its Hong Kong initial public offering in what would be Asia’s biggest health-care listing on record.

The health-care unit of China’s No. 2 e-commerce giant JD.com Inc. is selling 381.9 million shares at HK$62.8 to HK$70.58 each, according to terms of the deal obtained by Bloomberg News.

JD Health secured six cornerstone investors for its IPO who agreed to subscribed for as much as $1.35 billion of stock, including Singapore sovereign wealth fund GIC Pte, Hillhouse Capital and BlackRock.

JD Health’s IPO is set to surpass the $2.3 billion offering by Japan’s Ostuka Holdings Co. a decade ago as Asia’s biggest health care IPO, according to data compiled by Bloomberg. The health-care and pharmaceutical sectors have seen a record wave of listings in Asia this year, spurred by strong investor demand amid the coronavirus pandemic.

JD itself completed a secondary listing in Hong Kong earlier this year in which it raised $4.5 billion in what is the city’s largest first-time share sale this year. The e-commerce giant is also mulling listing its logistics business as soon as next year, Bloomberg News reported on Tuesday.

Bank of America Corp., Haitong International and UBS Group AG are joint sponsors for JD Health’s IPO. The company plans to price the offering on Dec. 1 and list Dec. 8.

Trump’s 2018 Turkey Pardon Bizarrely Foreshadowed 2020 Election

As coincidences go, this one is pretty bird-brained.

Some people who’ve witnessed President Donald Trump’s recent unwillingness to concede the election to Joe Biden are seeing parallels to Trump’s 2018 turkey pardon.

Two Thanksgivings ago, the president pardoned a turkey named “Carrots” who had lost “a fair and open election” in the form of a White House poll over which of two turkeys should be spared, according to Snopes.

But while “Carrots” lost the election to “Peas,” Trump claimed the turkey “refused to concede and demanded a recount.” 

The president then claimed that even though the recount did not change the vote, he was going to pardon both birds.

This year, the president chose to grant a full pardon to a 42-pound turkey named “Corn,” and pretty much stuck to the script, according to Reuters.

However, one reporter felt obligated to see if the president was planning to issue any other pardons, mainly to himself.

Trump’s Former Ghostwriter Has Four Words Of Post-Presidency Advice

If Donald Trump plans to write his memoirs after he leaves office, he won’t be able to count on Tony Schwartz, the man who co-wrote his 1987 bestseller “The Art Of The Deal.”

Schwartz let the president know in no uncertain terms on Tuesday not to ask for his help, tweeting: “Dear Donald, No, I won’t write your next book. Sorry, knowing that the Art of the Deal was the only successful book you ever published.”

Considering Schwartz has become a big Trump critic over the last four years, it is doubtful Trump would ask him to write a book.

Schwartz also offered the outgoing president some not-so-friendly advice on what to do with his post-White House life.

Spoiler alert: It involves Kim Jong-Un.