Macy's On Alert As Approaching Nor'Easter Threatens Thanksgiving Day Parade

It looks increasingly certain that a potent storm  will hit the eastern half of the United States tomorrow with winds up to 40 miles per hour, threatening the legendary Macy's (NYSE: M) Thanksgiving Day Parade in New York City.  The 16 biggest balloons won't be allowed to fly in the parade if winds peak at speeds higher than 23 miles per hour. Officials of the Macy's Thanksgiving Day Parade are keeping a close eye on the weather.

"Based on the city's guidelines, no giant character balloon will be operated when there are sustained wind conditions exceeding 23 miles per hour and wind gusts exceeding 34 miles per hour," Macy's said in a statement. "At this time, it is too early to make any determinations on the flight of the giant balloons." Story.