Yellen is talkin'. The Fed Chair nominee is set to sit down this morning for her Senate confirmation hearing. The event occurs as both the Dow and S&P come off a record close yesterday afternoon. That climb came in part because of Yellen's prepared remarks which have already been released. So, what effect might Yellen have on markets today? Show host Lauren Lyster asks Yahoo Finance Senior Columnist Mike Santoli in the video above.
Kohl's (KSS) is down 9% on its earnings which came out shortly after 7am. The retailer made 81-cents a share, missing estimates by a nickel, and down a dime from a year ago. Revenues were also below expectations at $4.44-billion versus $4.55-billion. Wal-Mart (WMT) is also out with its earnings. The world's largest retailer beat by a penny with earnings of $1.14 a share. Revenues, however, were short of the consensus at $115.69-billion when estimates were for $116.807-billion. Wal-Mart says it was hurt by a surprise decline in same-store sales. It also citedRead More »from Yellen Talkin’ to Senate; Wal-Mart Beats, Kohl’s Misses; JPM Takedown on Twitter