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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

 President Donald Trump said Tuesday that Russia had "no impact on our vote" in the 2016 presidential contest and vowed to combat any attempts to meddling in the 2018 midterms."The Russians had no impact on our votes. Certainly there was meddling. Probably there was meddling from other countries," Trump said during a news conference alongside Swedish Prime Minister Stefan L?fven.Asked whether he was concerned Russia could have an effect on the midterms, Trump insisted the US would prevent any election interference efforts."No, because we'll counteract whatever they do," Trump said.He encouraged states to include an analog backup to avoid attempts to hack electronic systems."You have to be very vigilant. One of the things we're learning, it's always good to have a paper back-up system of voting. Called paper. Not highly complex computers. Paper," he said. 889

"We are extraordinarily sorry that Larry Nassar was on our campus and has hurt so many people. The university is engaged in – and investing in – an intense reform and cultural change effort to ensure that Michigan State University is a safe campus for students, faculty, staff and our community. 303

(CNN) -- Boxer Patrick Day died Wednesday, four days after he was knocked out during his bout with Charles Conwell on Saturday night in Chicago.Day, 27, succumbed to a traumatic brain injury he suffered that night, according to a statement from his promoter, Lou DiBella of DiBella Entertainment."He was surrounded by his family, close friends and members of his boxing team, including his mentor, friend and trainer Joe Higgins," DiBella said in a statement. "On behalf of Patrick's family, team, and those closest to him, we are grateful for the prayers, expressions of support and outpouring of love for Pat that have been so obvious since his injury."In a Twitter post addressed to Day on Tuesday, Conwell wrote he "never meant this to happen to you.""All I wanted to do was win. If I could take it all back, I would," Conwell wrote. "No one deserves this to happen to them. I replay the fight over and over in my head thinking what if this never happened and why did it happen to you."After Conwell, a 2016 Olympic boxer, knocked Day out in the 10th round, Day appeared to be down for several minutes as a medical team rushed in to assess his injuries. Eventually he was taken out of the ring on a stretcher, and transported to Northwestern Memorial Hospital.DiBella said that Day didn't need to box as he came from a good family, was educated and could have made a living in some other way."He chose to box, knowing the inherent risks that every fighter faces when he or she walks into a boxing ring," DiBella said. "Boxing is what Pat loved to do. It's how he inspired people and it was something that made him feel alive."Conwell was in control of the fight in Wintrust Arena from the beginning, according to ESPN.Before he became a professional fighter, Day was a highly decorated amateur. He won two Nationals titles, the New York Golden Gloves tournament and was an Olympic Team alternate, all in 2012.He turned pro in 2013 and captured the WBC Continental Americas championship in 2017 and the IBF Intercontinental championship in 2019. In June 2019, he was rated in the top 10 by both the WBC and IBF. As of Saturday, Day's record stood at 17-4-1, with six knockouts.Dibella said it is "very difficult to explain away or justify the dangers of boxing at a time like this.""While we don't have the answers, we certainly know many of the questions, have the means to answer them, and have the opportunity to respond responsibly and accordingly and make boxing safer for all who participate," DiBella Entertainment said."This is a way we can honor the legacy of Pat Day."CORRECTION: A previous version of this story misidentified Patrick Day's promoter. His name is Lou DiBella. 2696

"Top Gun" fans looking forward to recapturing that loving feeling with Maverick and the crew will have to wait another year.Paramount's "Top Gun: Maverick" has been delayed to allow for more flight training time, according to The Hollywood Reporter. The film will now land in theaters June 26, 2020, instead of July 12, 2019.The sequel to the 1986 action hit "Top Gun" will see Tom Cruise reprise his role as "Maverick" and co-star Miles Teller.Teller is set to star as the son of fighter pilot "Goose," the friend opposite to Cruise's character who dies in the original film (spoilers, but come on. It's been years.)TMZ reported in May that Cruise was in San Diego on the first day of filming. Video captured by TMZ showed Cruise speeding down a landing strip on a motorcycle. The location appeared to be at Naval Air Station North Island on Coronado.The film is being directed by Joseph Kosinski, who also directed Cruise in the 2013 sci-fi flick "Oblivion." Cruise has said the sequel will retain the same style as the original and the film's musical score would be similar as well.Parts of the original "Top Gun" were shot in San Diego. Kansas City Barbeque has been rebuilt after burning down in 2008, though hosted some memorable scenes.An Oceanside home was used as the residence for Maverick's love interest, Charlie. Parts of the movie were also filmed in Bankers Hill and Point Loma.But for now, fans will have to wait to until 2020 to fulfill their need. Their need for speed. 1525

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