On Monday, management declared Chapter 11 bankruptcy and announced an immediate CEO change for the 126-year-old company.

CEO Edward Lampert will remain chairman of the board, but executive leadership will be granted to a new Office of CEO occupied by CFO Robert Riecker, Chief Digital Officer Leena Munjal, and President of Apparel and Footwear Gregory Ladley.

With a new independent restructuring committee, the firm will also accelerate “strategic transformation” with 142 store closures, considered sales of stores and assets, and reorganization around a smaller store platform comprised of locations boasting positive earnings before interest, tax, depreciation and amortization… CLICK for complete article

Michael will be broadcasting live from Marty’s home in Florida Saturday morning. The huge correction in the stock market could provide a rare opportunity for investors. Who better to ask than the highest pad economist in the world. This will be MUST HEAR radio.

Listen Live or download the podcast – 8:30am to 10:00am Pacific time.

Michael will be broadcasting live from Marty’s home in Florida Saturday morning. The huge correction in the stock market could provide a rare opportunity for investors. Who better to ask than the highest pad economist in the world. This will be MUST HEAR radio.

Listen Live or download the podcast – 8:30am to 10:00am Pacific time.

The Dow Jones Industrial Average suffered one of the worst single trading day sessions in recent memory Wednesday, while the S&P 500 its first five-day losing streak since late 2016. A “vicious correction is a terrible thing to waste,” said CNBC’s Jim Cramer…. CLICK for complete article

The Dow Jones Industrial Average suffered one of the worst single trading day sessions in recent memory Wednesday, while the S&P 500 its first five-day losing streak since late 2016. A “vicious correction is a terrible thing to waste,” said CNBC’s Jim Cramer…. CLICK for complete article