Target results highlight 'economic slowdown realities' -CIO

STORY: Target Corp reported a bigger-than-expected 90% fall in quarterly earnings and missed estimates for comparable sales as aggressive discounting fell short of reversing a slump in consumer spending on discretionary goods.

Bahnsen said both the U.S. and global economies are "trying to wrestle with where exactly the consumer is and there's conflicting data right now that adds to volatility."