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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

LA MESA, Calif. (KGTV) - Dozens held a demonstration outside the La Mesa Police Station Friday evening, following video of an altercation between a white police officer and a black man.Margo Gallen-Toles organized the demonstration. She says she is not part of any organized group, but felt compelled to do something after seeing the video, and in light of what’s happening nationally, following the death of George Floyd. WATCH: Video of incident between La Mesa officer, man at trolley station surfaces “For me, it was the straw the broke the camels back,” she said. “It was never okay, but we sit in our homes and complain to our friends and do nothing, that’s not okay anymore.”The demonstration started at the police station but then led to a march around the surrounding streets. 794

#AHollyDollyChristmas is coming on October 2 ?? The album features some of my favorite people including @MileyCyrus, @WillieNelson, @MichaelBuble, @JimmyFallon, @BillyRayCyrus and more. Pre-order your copy now! https://t.co/zVgiCKMy0O https://t.co/SXkCAfcypP— Dolly Parton (@DollyParton) August 13, 2020 313

YOUNGSTOWN, Ohio - An 18-year-old Ohio man, Justin Olsen, was arrested after being accused of threatening federal agents and having a cache of weapons found in his home. A court complaint states the investigation began when FBI agents in Anchorage, Alaska were researching the website “iFunny” in February of this year and saw the postings by a user named “ArmyOfChrist” supporting mass shootings and the targeting of Planned Parenthood. In June, the same user, while discussing the 1993 siege in Waco, Texas with another user, posted: “In conclusion, shoot every federal agent on sight.”In March, the FBI subpoenaed iFunny for subscriber information about ArmyOfChrist, and they returned a Google email address. In July, the FBI subpoenaed Google for information on the associated email address. Google provided Olsen’s name and IP address, which was determined to be located in Boardman, Ohio.Court documents say Olsen told the FBI during his arrest that the comments were only a joke. He admitted to making the comments on the internet regarding shooting federal agents on sight, and stated, “that’s a hyperbolic conclusion based on the results of the Waco siege…where the ATF slaughtered families.”According to the complaint, agents seized 15 rifles, 10 semi-automatic pistols and roughly 10,000 rounds of ammunition from the home where Olsen lives with his father during the arrest. They also found a large machete in the trunk of Olsen’s car.This article was originally published by 1501

 A San Diego student's death initially prompted the construction of the bridge that collapsed Thursday at Florida International University.Alexis Dale, an 18-year-old FIU freshman from San Diego, died in August 2017 when she was hit by a vehicle at the intersection of Southwest 8th Street and 109th Avenue near the school, according to the Miami Herald.Dale had just started studying information technology in June, the Herald reported.The bridge that collapsed Thursday was being built at the intersection where Dale died as a way for people to cross the busy street safely.At least nine people were trapped and at least six people died due to the bridge collapse in Miami."I am heartbroken at the news of the collapse of the pedestrian bridge on 8th Street and the resulting devastation. We send our deepest condolences to the victims and their families," FIU President Mark Rosenberg said in a statement.FIU students are currently on spring break vacation. 993