Here's what we are reading this morning:
Macy’s Underwhelms With New ‘Shrink To Grow’ Strategy
Macy's CEO Jeff Gennette says weak malls 'continue to decline rapidly'
Disney to take $175 million hit from the coronavirus outbreak
70% chance of recession in next six months, study from MIT and State Street finds
As the FTC seeks to block the Edgewell-Harry’s acquisition, founders question the limits of DTC | Modern Retail
Macy's just dealt a big blow to the struggling American mall - CNN
Amazon partner lays off 408 workers after its contract is cut - Business Insider
Puerto Rico Bondholders Reach Tentative Deal With Oversight Board - WSJ
Bernard Madoff is dying, seeks early release from prison: lawyer - Reuters
Intelsat Said to Weigh Chapter 11 Filing Over C-Band Pay - Bloomberg
Macy’s to Close Almost Half the Story Shops It Set Up Last Year - Bloomberg
November's consumer confidence report showed the largest gap between the confidence of consumers under 35 and those over 55 in the history of the Conference Board's report | Axios
Juul Leaked Audio And Documents Show “Morale Is At An-All Time Low”