Here's what we are reading this morning:
JCPenney’s Retail and Operating Assets to Exit Chapter 11
America needs more warehouses to handle record holiday returns: CBRE
Apparel retailer Francesca's plans to shut another 97 stores after filing for bankruptcy
Thanksgiving Weekend Retail Is Down 14%. Chances Of Hitting NRF’s Optimistic Holiday Forecast Fade.
National Restaurant Association Letter to Congressional Leadership: "We predict that as of today, 17% of restaurants—more than 110,000 establishments—are completely closed."
Uber, After Years of Trying, Is Handing Off Its Self-Driving Car Project - The New York Times
SBA Opposes Astria Bankruptcy Plan Over PPP Loans
The jobs report's most telling negative was the decrease in labor force participation - Axios
Survey: CEO confidence soars above pre-pandemic levels - Axios