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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

SAN DIEGO (KGTV) - Downtown San Diego is expected to get a significant addition. Holland Partner Group, a developer, headquartered in Vancouver, Washington released renderings of the development planned for 220 West Broadway, where the old San Diego Courthouse sits. The building is a 37 stories high, with 431 residential units along with office space and retail. "It's a lot of glass, it's exciting, it's sexy. It's going to be a real centerpiece for the middle of downtown San Diego," said Sumeet Parekh with Downtown San Diego Partnership. "It's one of the densest high rise buildings in San Diego; it's gonna hit almost the height limit for downtown which is about 500 feet." Parekh says there is a high demand to live and work in downtown, and space is scarce, so building up is something that is becoming more and more common. "There are a number of projects that are being built that is in this height," Parekh said. "There are several other projects in the area that are as tall if not bigger." According to permit applications, construction is expected to start in 2020 and finish by April 2023. 1121

LOS ANGELES (CNS) - Rapper Snoop Dogg and singer Stevie Wonder were among those who took the Staples Center stage Thursday to honor rapper Nipsey Hussle, who was gunned down in front of a clothing store he owned in the South Los Angeles community he was dedicated to revitalizing. The ceremony was the first of its kind at Staples Center since a memorial service for Michael Jackson was held there in 2009.Thousands attended the service, which got began about an hour late due to long lines of people trying to get into the arena. The event began with tracks being played from Hussle's album "Victory Lap.'' A highlight reel of Hussle's life was also shown, set to the sound of Frank Sinatra's "My Way.''RELATED: Four shot, one killed during funeral procession for Nipsey Hussle The highlight reel was followed by a performance by singer Marsha Ambrosius and words from Minister Louis Farrakhan of the Nation of Islam."It is a great honor for me and for us to be here to honor a life that will become more famous in death than in life, and the work that his life will produce will go down in history as something that changed the world,'' Farrakhan said. Social media personality Karen Civil read a letter to the crowd from former President Barack Obama. "While most folks look at the Crenshaw neighborhood where he grew up and see only gangs, bullets and despair, Nipsey saw potential. He saw hope,'' Obama wrote. "He saw a community that, even through its flaws, taught him to always keep going.'' Anthony Hamilton and Jhene Aiko also performed songs before several of Hussle's relatives spoke, including his mother, Angelique Smith; his father, Dawit Asghedom; his brother, Samuel Asghedom; and his fiancee, Lauren London.Asghedom, Hussle's older brother, told a story about being impressed upon hearing music Hussle made when he was a teenager. He said he decided that if his little brother could do it, so could he, so he started writing. "I must have wrote for two weeks, and then I threw all that away. I said, OK, it skipped me,'' Asghedom said. "You know this is a real story. I told him from there, `You're special. Just whatever I can do, we believe.'''After telling a few stories, London said she wanted to address Los Angeles directly and asked all the Angelenos in the audience to stand up."Because this pain is really ours. You know, we know what it meant to us,'' she said. "We began as friends, we lost someone very rare to us, and we lost a real one. And we won't ever be the same.''Snoop Dogg had the crowd laughing through much of his speech, including a story about how Hussle once advised him to open his own amusement park called "Doggyland'' with 40-ounce roller coasters. He also said that despite Hussle's affiliation with a faction of the Crips gang, he became a "peace advocate" by making music with musicians associated with other gangs."And for those that knew Nipsey Hussle personally, you knew he had nothing but love for every gang member from Southern California,'' he said. "I don't care what neighborhood you was from.''Before performing, Wonder called for stricter gun laws and said "it is a heartbreak to again lose a member of our family. It's a heartbreak because it's so unnecessary.''Security was tight in and around the arena, contributing to the slow pace of people entering the arena. Los Angeles police noted that "a last-minute rush of mourners caused congestion and brief delays at entrances'' at the arena.Tickets for the event were distributed free through an online system on Tuesday, and they were all claimed within minutes.People who were unable to attend the ceremony were still given a chance to pay respects to Hussle, thanks to a 25-mile procession through South Los Angeles, dubbed a Victory Lap. The procession moved from downtown, south on Vermont Avenue, east on Century Boulevard into Watts, then back west on Century and north on Crenshaw Boulevard, passing by Hussle's The Marathon clothing store.Thousands of people lined the route of the procession at various points, some tossing flowers onto the hearse carrying Hussle's body as it was driven past, and other moving into the street to touch the slow-moving vehicle.A large crowd assembled outside The Marathon store, many people waiting since early in the morning for the procession to pass by.By late afternoon, the crowd became restless at times, prompting surges of people into the street, toppling barricades that had been placed to clear a path for the hearse to pass. At one point, a balloon is believed to have popped, startling the crowd and prompting many people to push into the street. Police formed skirmish lines to push the crowd back, and appeared to restore order without arrests or major injuries.More officers were brought in as the procession neared the location to help keep the street clear.As the procession approached the store around 5:40 p.m., a security team encircled the hearse and walked alongside the vehicle to escort it through the crowd and allow it to keep moving -- at a crawling pace.As the hearse moved into the area, the boisterous crowd became respectfully calm, with spectators lifting their cell phones to snap photos. The convoy repeated came to a stop when people pushed too far into the street, blocking the hearse's path.The 33-year-old Grammy-nominated rapper -- whose real name was ErmiasJoseph Asghedom -- was fatally shot March 31 in front of The Marathon Clothing store. Last week, 29-year-old Eric Ronald Holder Jr., an aspiring rapper and acquaintance of Hussle, pleaded not guilty to one count each of murder and possession of a firearm by a felon, along with two counts of attempted murder.Los Angeles Superior Court Judge Teresa Sullivan ordered Holder to be jailed in lieu of million bail while awaiting his next court appearance May 10, when a date is scheduled to be set for a hearing to determine if there is sufficient evidence to allow the case against him to proceed to trial.Holder could face a potential life prison sentence if convicted as charged, according to the Los Angeles County District Attorney's Office.Los Angeles Police Chief Michel Moore said Holder got into some type of personal dispute with the rapper outside the store, then left and returned with a handgun. Hussle was shot in the head and body and died at a hospital, according to police and the coroner's office.The police chief declined to discuss the nature of the disagreement between Holder and Hussle but stressed the shooting appeared to be a result of that dispute, not any type of gang rivalry or feud.Hussle transformed himself from a South Los Angeles gang member to a rap musician and channeled his success into efforts to help others stay out of gangs. He bought shoes for students, re-paved basketball courts and provided jobs and shelter for the homeless.Hussle helped renovate a Mid-City roller rink and redeveloped the strip mall that housed his Marathon Clothing shop where he was fatally wounded.On Friday, the Los Angeles City Council is expected to adjourn its regular meeting in honor of Hussle, according to Councilman Marqueece Harris Dawson, a friend of Hussle's. At that same meeting, Harris-Dawson is also expected to introduce a motion to rename the intersection of Slauson Avenue and Crenshaw Boulevard as "Ermias `Nipsey Hussle' Asghedom Square.'' 7342

#USPS IG investigators informed Committee staff today that they interviewed Hopkins on Friday, but that Hopkins RECANTED HIS ALLEGATIONS yesterday and did not explain why he signed a false affidavit.— Oversight Committee (@OversightDems) November 10, 2020 263

LAKESIDE, Calif. (KGTV) -- The San Diego County Sheriff’s Department is investigating what led to a shooting in Lakeside Monday evening. The shooting happened just before 6 p.m. near the off-ramp of State Route 67 and Winter Gardens Boulevard. Deputies and paramedics found the victim, a man in his 20s, suffering from a gunshot wound. The victim was taken to the hospital. The shooter fled the scene in a white Chevrolet Impala. A detailed description of the suspect wasn’t available. As of Monday evening, it’s unclear what sparked the shooting. Watch a Facebook live from the scene below: 602

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