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(CNN) - As the Dow was on pace for its best day of the year, and a report showed American stores had their best holiday season in six years, JCPenney's stock fell below for the first time since it started trading in 1929.That's pretty much everything you need to know about the state of JCPenney (JCP).The 110-year old company hasn't been profitable since 2010 and its prospects are bleak. JCPenney is billion in debt with a junk credit rating, a sinking cash hoard and no sign of a turnaround.With few shoppers coming to stores, JCPenney faces inventory and supply chain struggles and no clear marketing plan or strategy. The company has been forced to offer steep discounts on clothing to clear its massive inventory glut.Last month, JCPenney reported a 1 million third-quarter loss and a 5.4% drop in sales. The stock has fallen 68% this year and nearly 30% in December alone.Jill Soltau, formerly the boss of Jo-Ann Stores, became CEO in October — the company's fourth in six years. Soltau has her work cut out for her.The company's leaders said they are considering closing some of JCPenney's remaining 860 stores. That might help JCPenney in the near-term, but its long-term prospects are questionable. The company has a .1 billion debt payment due in 2023. Wall Street analysts are skeptical about JCPenney's ability to repay that money.A spokeswoman for JCPenney declined to comment.The company never really recovered from the Great Recession. It lost shoppers to cheaper sellers a decade ago and struggled to bring them back as the economy began to rebound.JCPenney plowed through its cash reserve in an expensive makeover after it hired former Apple Store chief Ron Johnson as its CEO in 2011. The plan didn't work, and Johnson was fired after 17 months on the job.It lacked the cash to improve stores, buy trendy merchandise or hire more employees.The company switched its focus several times over the past few years: from older shoppers to younger, trendier ones, back toward middle-aged women.JCPenney has recently changed its merchandising strategy, chasing proven sales trends instead of filling up stores with inventory. It started selling appliances a few years ago, but that strategy hasn't paid off either. 2244

#PineGulchFire MCSO’s Undersheriff and Emergency Manager were able to fly the perimeter of the Pine Gulch Fire? to veiw the active fire line and assess the damage to the region. Here’s video from their flight yesterday. pic.twitter.com/PuYtYViN4Q— Mesa County Sheriff (@SheriffMesaColo) August 27, 2020 311

With Independence Day drawing near, a recent tragedy and subsequent recall highlight the possible dangers of rockets and other explosives: Grandma's Fireworks in Indiana recalled 18 products, totaling 25,000 individual fireworks, after an explosion caused a boy to lose his hand, the 296

"I'm not going to waste my time on a virtual debate" -- Trump, on with Maria Bartiromo, begins his first post-coronavirus interview by saying he's pulling out of the second debate. (He sounds a little hoarse.) pic.twitter.com/R43JSszfll— Aaron Rupar (@atrupar) October 8, 2020 284

"Cody Hidalgo, as a short-term employee of Roman Stoneworks, has engaged in a social media campaign with false claims that are verifiably untrue. This individual was not terminated because of a meme posted on Facebook on Sunday, October 20. After the posting of that meme, he worked the following Monday, Tuesday and part of Wednesday. Mr. Hidalgo actually walked off the job on Wednesday, October 23 of his own volition, and over his manager's objection. Roman Stoneworks and its officers desired to keep Mr. Hidalgo in its employment to perform his duties. He abandoned a job in progress and that was how his employment with Roman Stoneworks actually came to an end.Unfortunately this individual, who was employed for less than 2 months, is now seeking to exploit the publicity that this false claim has created. He has started a Gofundme page to attempt to capitalize on his newfound exposure. Meanwhile, Roman Stoneworks and its owner and personnel have been subjected to significant monetary damage, as well as threats, profanity and harassment by phone and email. Due to the backlash from these false claims, my client's webpage has had to be removed, and the individuals involved have been inundated with calls and emails.If Mr. Hidalgo chose to tell the truth to all of the people who have now heard his false claims, then the matter may be able to be resolved amicably. Unfortunately this does not appear to be the route chosen by this individual. My clients have needlessly suffered based on these allegations." 1529