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WSJ Minute Briefing

Macy’s Raises Outlook for the Year After Quarterly Sales Growth

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 3 December 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: Payroll processor ADP says U.S. private hiring sank in November. And federal agents are fanning out across New Orleans, the latest focus of the Trump administration’s immigration enforcement. Pierre Bienaimé hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Deloitte expects the space economy to reach $2 trillion by 2035.

0:04.6

Jason Garzatus, CEO of Deloitte U.S., says that growth is fueled by data and its application

0:09.6

for businesses across industries.

0:11.3

What's exciting is that the data and the analytic and the commercial application of the data

0:16.1

will move to be more mainstream.

0:18.7

It will be something that organizations of any size can benefit from

0:22.3

the data that's being emitted from space that could be pertinent to their operation. Visit Deloitte.com

0:26.9

to learn how the space economy is creating new opportunities. Here's your midday brief for Wednesday,

0:36.6

December 3rd. I'm Pierre Bien-Ame for the Wall Street Journal.

0:40.3

Macy's has reported its highest comparable sales growth in 13 quarters and raised its outlook for the year as its turnaround plan begins to deliver results.

0:49.4

The department store company last year announced a plan that included closing weaker locations.

0:55.5

Macy's said it expects shoppers to be choosy this holiday season, but has largely seen customers keep on spending.

1:01.3

Payroll processor ADP says private hiring sank in November. American businesses lost 32,000 jobs.

1:08.4

A swing from the 47,000 private sector jobs ADP estimated were added in October.

1:13.9

The Bureau of Labor Statistics is still in catch-up mode three weeks after the government shutdown ended.

1:18.6

It won't release its look at the November jobs picture until December 16th, two and a half weeks behind schedule.

1:25.5

And federal agents are fanning out across New Orleans,

1:28.5

the latest focus of the Trump administration's immigration enforcement. The Department of Homeland

1:33.1

Security says agents will target immigrants who are in the U.S. without authorization and who have

1:38.0

a criminal history. Heads up, an artificial intelligence tool helped us make this episode by

1:42.6

creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor.

1:47.6

We'll have more coverage of the day's news on the WSJ's What's News podcast.

...

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