Summary: Nordstrom beat sales and earnings expectations but the stock is still down as the overall trend is for Americans to buy less clothing. Nordstrom did say its discount chain Rack and online sales increased. Macy's and Kohl's both reported slow sales and their stocks were crushed. The United States has a new trade deal with China. It opens the Chinese market to U.S. credit rating agencies and credit card companies. In return, Chinese cooked chicken will be allowed into the United States market and Chinese banks can enter the U.S. market. The new trade deal also allows beef and natural gas exports into China. A federal judge in Delaware has rejected Anthem request to prevent smaller rival health insurer Cigna from pulling out of its proposed $54 billion merger. Several courts have ruled against the merger, agreeing with the Department of Justice's argument that it would decrease competition and raise major antitrust concerns.
