Here's what we are reading this morning:
Tracy Alloway: "The NY Fed's recession model puts the probability of a U.S. recession in the next 12 months at 29% -- a higher probability than what was reported 12 months before 5 out of the last 7 recessions, according to Credit Suisse."
JC Penney names Bill Wafford as CFO
Cash-Strapped Illinois, Chicago Seek Billions From Investors - WSJ
To survive, small colleges are rethinking the liberal arts | Education Dive
What Does Retail Distruption Look Like? We’ll Show You. | FTI Consulting
AAF football league in danger of folding, majority investor says