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"I'm back."@CoachBobStoops, probably.?? https://t.co/XhOdfeJeYP | #OUDNA pic.twitter.com/G6SAfOFKhG— Oklahoma Football (@OU_Football) December 1, 2020 158

(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

(KGTV) -- A project that would create thousands of homes in San Diego County is heading to the ballot on March 3. If approved, Measure B, also known as Newland Sierra, would affirm the San Diego County Board of Supervisors’ unanimous approval of the changes to the general plan. The project includes 2,135 homes, 60 percent of which would be affordable for working families, according to Kenneth Moore, a spokesperson for the Yes on B campaign. The project would be built just off I-15 next to the cities of Escondido, San Marcos, and Vista. Newland Sierra also preserves more than 60 percent of the property as permanent open space. RELATED: Newland Sierra promises to prioritize first-responders for new homesCurrently, the general plan includes only 99 homes and designates as much as two million square feet of commercial property.If voters do pass Measure B, the permitting process will take 18 to 24 months, according to Moore. It would take another six to seven years to construct the entire project. Moore says construction on the infrastructure could begin as early as late 2021 or 2022. New homes would then start being sold and under construction by 2024. If the measure doesn’t get approved, however, Moore says that’s it for Newland Sierra. “Somebody could then move forward with the development of the current general plan zoning that allows a massive commercial development and estate homes," Moore says. RELATED: Developer pushes to rally support for vote on large North County housing development “Voting Yes on Measure B would create affordably priced homes for working families with open space, parks and trails - a better choice than the current General Plan that permits a two million square foot mega-commercial development, mansions and parking lots,” said Moore. Still, those in opposition say the project would create wildfire dangers, noise pollution, and traffic congestion. Much of the opposition is also being led by the neighboring Golden Door resort. "The developer stands to make more than a billion dollars, and the vast majority of homes will require a six-figure salary to afford," said a spokesperson in a statement to 10News. 2179

 Three massive wildfires are burning across the state of California.More than 250,000 people have evacuated. At least 31 people are dead.Below are ways you can assist those affected or get help if you're in need. 225

ALEXANDRIA, Va. (AP) -- A top lieutenant to drug kingpin Joaquin "El Chapo" Guzman has been sentenced to life in prison in a Virginia courtroom. Damaso Lopez, a leader in Mexico's Sinaloa drug cartel, pleaded guilty in September in an Alexandria federal court to drug trafficking charges after being extradited from Mexico earlier this year. Friday's life sentence was expected after both sides agreed to a life term as part of a plea bargain. In court papers, Lopez admitted he was a senior leader in the Sinaloa cartel and controlled a faction with hundreds of men. He admitted using "sicarios," or hitmen, to conduct murders to further the cartel's interest and move tons of cocaine and other drugs throughout the Americas.Lopez's sentencing comes as Guzman is facing his own trial in New York. 806