#brian sozzi

The unrealized capital gains tax proposals could return to the agenda as Harris’ presidential campaign progresses, but for some, the noise surrounding it is just much ado about nothing. “I don’t think this unrealized phenomenon is going to be very big because it’s a very expensive process to get to these numbers,” Raymond James chief investment officer Larry Adam told Yahoo Finance’s…

New video posted on: https://dailyvideovault.com/rocky-weeks-ahead-as-u-s-unemployment-numbers-hit-record-high-during-coronavirus/

Rocky weeks ahead as U.S. unemployment numbers hit record high during coronavirus

Flashback Friday in Politics: Trade Wars, Manafort, Immigration Dominate Minds

Author: Katherine Ross / Source: TheStreet

Welcome to a weekend of tariff talk.

Before you get ready to go out—or stay in—let’s review the top political stories from today.

Trump Wasn’t Kidding

Trump announced on Friday, June 15, that he was slapping $50 billion worth of tariffs on Chinese imports. China quickly retaliated.

In case you’re worried about a trade war, Brian Sozzi, executive editor…

Throwback Thursday in Politics: More Trump, More Emails, and AT&T Merger

Author: Katherine Ross / Source: TheStreet

We are so close to the weekend.

What have you missed today in politics while you were anxiously monitoring the markets? A lot.

Time’s Up For The Trump family

On Thursday, June 14, the Attorney General of New York, Barbara Underwood, filed a lawsuit to bar the Trump family from getting involved with any charities.

In the complaint, Underwood claims that…

New Post has been published on http://www.brianbrown.net/2014/10/13/jcpenneys-new-ceo-could-make-the-brand-great-again/

JCPenney's New CEO Could Make The Brand Great Again

Associated Press Customers arrive at a J.C. Penney store in New York.

Former Home Depot executive Marvin Ellison will be the new CEO at JCPenney. 

The brand has had an interim chief executive since Ron Johnson left the chain in April 2013 following a disastrous 16 months on the job. 

JCPenney’s shares are rising on the news that Ellison, formerly of Home Depot, will join the company in November. 

Ellison’s track record at Home Depot indicates that he could turn the brand’s business around, Brian Sozzi, chief equities strategist at Belus Capital Advisors, said in a note to clients. 

JCPenney has struggled to rebound since sales tumbled 32% last year. Despite interim CEO Mike Ullman’s attempts to bring back customers with promotions, the brand has been hurt by declining mall traffic and poor consumer perception. 

JCPenney Media RelationsMarvin Ellison

Ellison spent eight years at Home Depot, most recently serving as executive vice president of stores. 

Despite not having an apparel background, Ellison is “very strong operationally,” making it likely that he will trim expenses and maximize profits, Sozzi writes. 

He is largely credited with turning around Home Depot’s business after the housing crisis several years ago. 

finance.yahoo.comJCPenney’s shares have struggled to recover since Ron Johnson’s disastrous tenure.

Ellison also improved customer service and improved e-commerce during his time at Home Depot, giving him experience that JCPenney could benefit from, Sozzi said.

As more shoppers turn online, a renewed focus on e-commerce is necessary for JCPenney’s future. 

“Ellison’s operational background is needed,” Sozzi writes. “Let the veteran merchants around him do the apparel and sneaker buys.  The market is right in sending the stock higher pre-market on the news.”

SEE ALSO:  Nordstrom’s Employee Handbook Has One Rule

Follow Us:  On Facebook.

Link to this story: 

It was 6 o'clock in the morning and I was halfway through my day by then. I was sick — as I sometimes was working the early morning shift at CNBC — and needed to leave my on-air duties after anchoring the show to spare viewers my congested voice and runny eyes. It would have just been another random, "blah" Friday if I hadn't shared a car back into the city with one of my favorite guests. Brian Sozzi was my go-to whiz analyst to book on my show. He became the young stud stock picker that Wall Street paid respect and attention to. To boot, he was up at all hours like me and had the best and wittiest newsletters on the Street out before dawn.

Until I crashed his car ride back into the city that day, I had only known Brian as someone who quickly made it into my team photo of rockstar guests. I was his biggest professional fan for no other reason than that he deserved it. He gained esteem on merit by out-working the rest and through intense pavement pounding.

It was somewhere on the GW bridge that Brian shared his personal story with me. He confided in me that he didn't grow up in a family who read The Wall Street Journal everyday and that he was driven to succeed through pure sweat equity. He told me that his former self would be proud of all that he's accomplished and marvel at the knowledge he has of the economy and markets. He also said that even though he went to school for economics, it wasn't until after 8 years on Wall Street that he didn't feel like he needed a definition for a definition of market terms or catch phrases thrown out on business television. And that's when it became more than a ride-share. Our philosophies on discussing and interpreting market action were perfectly aligned. We both wanted to speak to our generation in plain English and decode the news for those in the industry — even CEOs — who we spoke to and were amazed to find smiling and nodding at basic tenants of the global economy because they were scared to say they didn't get it. That random Friday forged one of the most significant partnerships of my career. So it is with great pride, on another very significant Friday, that I announce that Brian has agreed to join me as the Chief Business Development Officer for Nothing But Gold Productions and the co-author of my Decoding the Wall Street Journal book and newsletter. Brian, you are the ying to my business yang. Welcome aboard. Can't wait to make history with you!