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The economy is humming. Americans are eager to spend on clothes, toys and home decor.Just not at JCPenney.Leaderless, billion in debt and with a stock price below , the besieged retailer faces an uncertain fate after posting its latest round of dismal earnings."They're in a leaky boat that eventually will sink," said Mark Cohen, the director of retail studies at the Columbia Business School and a former CEO of Sears Canada and other department stores. "The prognosis for the future is not happiness."Penney finds itself weighed down by years of errors, failed CEOs and muddled attempts to establish a clear identity with shoppers. 652

The coronavirus pandemic, and the resulting lockdowns, travel restrictions and business closures, have caused many people to adjust their living situation either temporarily or permanently. As a result, the number of young adults, those ages 18-to-29, who live with their parents is at an all-time high.The Pew Research Center reports 52 percent of young adults lived with one or both of their parents in July. That translates to about 26,6 million young adults living with parents. The percentage of young adults living with their parents was 47 percent in February, and for most of 2019. The new data was released Friday.The research firm compared the data to available census data, and found the census of 1940, taken toward the end of the Great Depression, reported 48 percent of young adults lived with their parents."The peak may have been higher during the worst of the Great Depression in the 1930s, but there is no data for that period,” researchers stated.The percentage of young adults living with their parents has been above 50 percent since April, slowly climbing. This is the first time the percentage has been above 50 since data became available in 1976.Earlier research from the group found one-in-ten young adults reported relocating temporarily or permanently because of the coronavirus pandemic. More than any other age group.The 18-to-29 age group was hit hard with pandemic-related job losses, service-sector job furloughs and college campus shutdowns. The younger half of this demo saw the biggest increase in moving back in with parents; 71 percent of 18-to-24-year-olds now live with their parents.These new living arrangements, where adult children are living with their parents, could have a trickle down effect on the US economy. Pew Research Center suggests the results of the majority of young adults moving in with parents could lead to a slowdown in demand for housing and household goods.“There also may be a decline in the number of renters and homeowners, and in overall housing activity,” they stated.The overwhelming majority of young adults who live with their parents live in their parents’ home, roughly 88 percent. The remaining either had their parents move in with them or the head of the household is another family member. 2276

The CDC is considering changing its quarantine guidelines for those who have been in close contact with someone who is infected with the coronavirus.Currently, those who have been in close contact with someone infected with the virus would be advised to quarantine for 14 days. Possible new guidance would shorten the quarantine period to 10 days. At the end of the 10-day period, a test would be need to end quarantine.In an interview with CNN’s Wolf Blitzer, Adm. Brett Giroir, the assistant secretary for health at Health and Human Services, explains why a 10-day quarantine might be more effective at getting more compliance with the guidance."People are much more likely to listen to a 10-day quarantine than they are a 14-day quarantine,” Giroir said. “If we can shorten it safely with most risk because we have a quarantine plus a test, we have a lot of tests available now, that might improve our public health responses.”Giroir stressed that final guidelines have not been approved, and the current guidance still calls for a 14-day quarantine.“It's not an announcement that is happening but we are reviewing it and the CDC team is modeling it and looking at data every day,” Giroir said.“And it may change or it may not. Just depends on where the data and the evidence wind up." According to the CDC, a person can become infected with the virus up to 14 days following exposure. But researchers say most illnesses begin five to seven days after COVID-19 exposure.A close contact is considered someone who is within 6 feet of someone with the virus for a period of 15 minutes or more over the course of a day. 1626

The College Football Playoff semifinal at the Rose Bowl is moving to AT&T Stadium in Arlington, Texas.Bill Hancock, executive director of the College Football Playoff, made the announcement in a statement Saturday night on the eve of the release of the final playoff rankings.The College Football Playoff and Rose Bowl "mutually agreed" to move the game because of the growing number of coronavirus cases in Southern California."We are pleased that parents and loved ones will now be able to see their students play in the game," Hancock said.The move came after several coaches expressed their dismay about possibly traveling to the Rose Bowl to play in a game where players' families wouldn't be allowed.Los Angeles County is under a stay-at-home order that took effect earlier this month. Pasadena, home to the Rose Bowl, has its own public health department but has mostly followed the county's practices during the pandemic.A source told The Associated Press that the Rose Bowl sought an exemption from the state of California to allow families to attend but was denied twice.Hancock said the game will still be played in the mid-afternoon on New Year's Day."We are very grateful to Rose Bowl officials and the city of Pasadena," Hancock said. "They have worked hard to listen to the concerns of the CFP, the teams that might have played there, and their state and government officials. The Tournament of Roses has acted in the best interest of the people who live in Southern California, and we're grateful to Cotton Bowl and AT&T Stadium officials for their ability to make this late switch possible." 1624

The creators of "Glee" are creating a college fund for Naya Rivera's son after her untimely death.In a statement, producers of the hit show, Ryan Murphy, Brad Falchuk, and Ian Brennan, paid tribute to Rivera and praised her as "a joy to be around.""It didn't take more than an episode or two for us to realize that we have lucked into finding one of the most talented, special stars we would ever have the pleasure of working with," the three said in the release. "Naya could act, she could dance, and she could sing (could she ever sing!) She could nail a joke as well as she could crush you with an emotional scene. She could move between being scary tough and deeply vulnerable with ease. She was a joy to write for, a joy to direct, and a joy to be around." 769