Crime SHUTS DOWN flagship San Fran store

Retail's future may be totally online                                                                                                                                                                                                                                                                                                                                                                                                                 August 29, 2023 | [Read Online]( Dawn Report August 29, 2023 One of San Francisco’s biggest stores has closed for good. The San Francisco Centre Nordstrom is kaput after being besieged by crime. It had been open since 1988, and boasted about 30,000 square feet of space. Not anymore. Jamie Nordstrom, Chief Stores Officer, gave us a master class in euphemism when he said what had happened. “We’ve spent more than 35 years serving customers in downtown San Francisco, building relationships with them and investing in the local community,” he said. “But as many of you know, the dynamics of the downturn San Francisco market have changed dramatically over the past several years, impacting customer foot traffic to our stores and our ability to operate successfully.” In other words - crime and squalor. One of the biggest things we will need to be looking for in the months to come are earnings results from retailers traditionally dependent on foot traffic. My belief is that an ever greater number of people are going to switch to an online focus - especially as Amazon continues to show impressive results. The key to remember is that America’s economy is booming - especially compared to the rest of the world - even as our major cities look worse than they have in decades. People are still making fortunes… but not in the same places. Make sure you aren’t caught in the past. We can mourn what’s happening - but our goal is to win, regardless of the policies in place and the business climate. Remember, always… Get What’s Yours, Jeff Bishop WORD ON THE STREET - 3M Co Gets A Boost On Settlement - MMM was up more than 5% yesterday after Bloomberg [reported](that the company had agreed to a major settlement. It will pay $5.5 billion to get past accusations of selling defective earplugs to the American military. It tells you something about the scale involved when a company says it is going to shell out $5.5 billion - and this is regarded as universally good news. - Biden Administration Continues Union Push - Treasury Secretary Janet Yellen politicized her office in an unusual way as her department said unions benefit “all demographic groups.” The Treasury Department [released](a first-of-its-kind report arguing for more unionization to combat income inequality. Vice President Kamala Harris also took aim at “trickle-down economics,” which she charged hadn’t helped those at the bottom of the economic ladder. - Trump Trial Before Super Tuesday - Former president Donald Trump [said](he would appeal a decision for a federal trial to begin one day before Super Tuesday. “Today a biased, Trump Hating Judge gave me only a two month extension, just what our corrupt government wants,” he said on Truth Social. ‘45 hasn’t returned to Twitter, I mean X, since he posted a fundraising appeal (and his mug shot) a few days ago. - Businesses Cut Back On Borrowing As Interest Rates Surge - American companies [cut back]( on borrowing by 2% in July compared to a year earlier. It’s a sign that businesses (and consumers) are slowing spending as interest rates bite. The question now is whether the Fed will achieve its “soft landing” for the economy, or whether the Fed will push us into a recession. HOT SPOTS: What's Going on in Geopolitics - British Air Traffic Control System Fails - The “nightmare scenario” hit the United Kingdom when the air traffic control system was [grounded](by technical problems. About 500 flights were cancelled. The catastrophe came at a particularly bad time, as many British travelers were returning from vacation. - Ukraine Captures Key Village - Ukraine [claimed](some real success in its grinding counteroffensive, taking the village of Robotyne. If Kyiv can hold on, it’s one of the first signs that it is actually retaking territory as it pounds well prepared Russian defenses. - Ecuador Looking To Follow El Salvador? - Presidential candidate Daniel Notboa is [pushing](a tough on crime policy in advance of a runoff election, claiming his country is fighting a “war” against narco-traffickers. There have already been casualties… presidential candidate Fernando Villavicencio was assassinated a few weeks ago. A crackdown on crime similar to that waged in El Salvador may prove popular - Ecuador hit a record murder rate in 2022. CUTTING EDGE: What['](s Happening In Tech - Big Mouse Pushing Cricket In Streaming War - Disney’s biggest streaming market is actually India, though its operation lost money last year. To win back viewers, Disney will be [featuring](the Asia Cup in cricket starting tomorrow - for free. Big Mouse also paid $3 billion for rights to Cricket Council events from 2024 to 2027. - Bitcoin Trading Is So 2020 - Is Bitcoin done? Trading volume for the first and most popular cryptocurrency [hit its lowest level]( this month since November 10, 2018. The price also declined below $26,000 as of this writing. - First NFT Case Settled By SEC - Well, this was inevitable. The SEC [sued](and eventually won a settlement with Impact Theory, which offered NFTs as an investment. The SEC argued these were “investment contracts” and therefore securities. Impact Theory didn’t admit guilt, but paid over $6 million in fines. The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our [Terms and Conditions]( for more information. 9 Update your email preferences or unsubscribe [here]( © Dawnreport 62 Calef Hwy. #233 Lee, NH 03861, United States