macy's best in class.eryone expected a beat from macy's, not a loss -- excuse me -- not a miss of six cents. certainly not that. the problem here? well, you can -- we've gone through the strings of the problem, not a lot of fashion items exciting people, spending on other things, electronics, data plans, and cars, and david burrman's been talking about that, but people still don't have access to discretionary spending, and lundgren mentioned that in the earnings report, customers are not feeling comfortable about spending more in an uncertain economic environment. i guess you just have to leave it at that. st still, a tremendous disappointment. they are trading down, and this does not bode well for other retailers. as i said, they are best in class, so we've got walmart tomorrow, jcpenney tomorrow, kohl's, nordstrom after the close, all trading down 1 to 2% here. other sectors are moving, big thing about brent here, moved up today finally, but you see for the last several days, to the downside, especially

we have breaking news on macy's. on whatman has more macy's is saying about their earning. standout has been a for earnings, but looks like this quarter was a misstep. six centsere $.80, below what analysts were anticipating. net sales did rise. they came in slightly short investments at 6.72 billion dollars. the company is still confirming its forecast for the second half of the year and said comparable sales were up by about 4% in the second quarter. that is also a relatively strong number. says in theceo statement that the sales trend improved that macy's and bloomingdale's. the first quarter was marked by the terrible winter weather. most retailers have talked about some degree of pickup in the second quarter. if you look on the comparable sales number, excluding licensing, that was an increase of 3.4%. the company says it is still saying a struggling consumer to some extent, so it is going to focus on spending in the second half of the year. say expectations for the second half of 2014 remain on track with comparable 3%,es growth of 2% to however they were unable to ma

macy's missing estimates. stock getting whacked now. discount aisle from macy's.etail stocks down this month. what are consumers buying now and which retailers are getting it right and why? industrials and utilities off more than 4% over the past month. so is it time to get back into these two sectors? and the gambling glut taking its toll on atlantic city. the rebel closing its doors. should sports gambling outside of nevada be legalized to help some of these struggling casinos? join the conversation. go to cnbc.com/vote. meantime, back to scott on "fast." >> thanks. >>> who wouldn't want to be superman? says specially when can comes to investing. is investing in superman comics a good bet? reason to believe, yes. i know the number you're going to tell us. >> oh, yes. yes. as far as superman, if this is an action comicing ches number one issue good condition, very much a good investment. 1938 comic where superman makes his debut. the book experts say birthed the entire super hero genre. the holy grail of comic books. only 34 known in existence and the last one so

economic environment. >> i think macy's continues to stand above the peers. i think it's an unstable backdrop for the consumer. we have a lot of things against us. we have durable shifts. weather out of favor. so we'll see what happens in the back half. >> reporter: is the broader economic conditions that seem to hit on the heart of what is going on with the consumer. twc's chief retail strategist says the recession may have ended but consumers are still concerned about the cost of living, jobs, economic stability and what the future will hold. >> the future as we see it is not uncertain, but it is a bit cloud did in that we don't see a huge economic change necessarily. what we do see is the consumers holding back and trying to ensure they live is safe, comfortable life. >> reporter: wolf research says what is ailing retail isn't consumer's fault. the firm is tracking the consumer as if it were a company. wolf is calling it average joe, reporting a quarterly income statement and balance sheets. the latest economic data for average joe shows wages up 4.6%, dis

macy's cut its annual sales forecast and posted quarterly profits that missed estimates. >> macy's ishe beginning. a slow start the third quarter for american retailers. for july were unchanged. it has not been this low since january. statistics always obscure some success stories. what is and is not working, founder and chairman of the boutique advisory firm that has clients including neiman marcus and forever 21. what is working? easy to dwell on bad. there. maxx and ross, prices are working. >> thanks to my mother. across, hard to tell. the teenage retailers are suffering. >> forever 21, abercrombie & fitch? >> abercrombie, american eagle, aeropostale. kids today have five categories hone.eir cell po second, athletic shoes. that is one of the reasons why foot locker and some of the other shoe retailers have done well. shoes. third, games. they spend a lot of money on games. fourth is accessories. last comes a barrel. -- last comes apparel. there is no loyalty, nowhere near the loyalty to the brands we know the way they are. cheerful, themost cheapest, they do not care as much about

. >> retail read, walmart, macy's, j.c. penneys and kohl's, what to expect when the earnings are released. >> why a wall street darling may have a little tarnish on the gold seal of approval. >> healthy diagnosis, is the health care system ready for ageing baby boomers? the second part of the ageing in america series tonight on "nightly business report" for tuesday, august 12th. >>> good evening, everyone. welcome. we begin with more signs that america's economy, while not humming for everybody in all regions and income levels is nonetheless on better footing than its been in years. just today, we learned july ease federal budget deficit was down to $95 billion and ten months into the fiscal year the yearly budget short fall hasn't been this low since 2008. on the job's front, the labor department says more people are quitting their jobs. that's actually a positive since it means they either have or are confident they can get a new one. the federal reserve says the home mortgage market improved with banks easing up on lendi

look at what macy's just did. i think macy's, look at what kors did. it's still a buy right here. >> it's always a pleasure, drur. catch "fast money" again tomorrow. i'll be back on friday, as well. "mad money" with -- >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends, i'm just trying to save you a little money. my job, entertain, teach, educate. call me, 1-800-743-cnbc. tweet me, don't be too disputatious @jimcramer. just like that. just like that the market changed its mind about our economy. almost overnight, we've gone from

macy's cut the sales forecast for the year.oles, walmart, jcpenney and nordstrom all report earnings tomorrow. or more on their fortunes president of customer growth partners, a consulting firm that focuses exclusively on retail companies. always a pleasure to see you. want to start with macy's, what is going on there? >> macy's operating about as well as a company can in very difficult, choppy waters. very weak now and reluctant to make big turk -- ticket purchases. consumerg said, the remains weak looking forward. so they will have a good holiday. macy's almost always has a good holiday am a but these are tough times, and it is almost across-the-board. >> let me get your thoughts on each one of these. walmart, start there. >> wal-mart is the most important because it is the overall reflective of the economy. five years ago at the peak of had 12%ssion, walmart market share of the retail market. over the past five years it has down 100 20, 30, now basis points. they have been attributing market share. >> interestingly enough, h

i get a text message every other day from macy's with 50% about it. that eatingnt is into the margins? >> that is the morning brief. >> looking at equities, currencies and commodities. 1.33.ro sterling weaker as governor carney speaks. the fix is important. 14.13 is a better than good lower number. the quiet story of the past 10 days. there is the german two point year. -- the german two-year. here is normal. summerfor normal in the of 2014. here is banks and here is the negative two-year yield in germany. notice this. that is new. to a persistency below negative yields. this has ramifications on all of europe and comes right back to the united states as well. >> you would not pay for the privilege of lending germany fabulous article this morning on repose and reverse repos. this is something bill gross has talked about. school theventional fed will use as they try to pull back liquidity. >> this comes at a time of increasingly week data not just .he peripheral but the core >> absolutely. trying to link economics to the market. talking equities and a

look at what macy's just did. i think macy's, look at what kors did. i think it's still a buy right here. >> it's always a pleasure, drur. catch "fast money" again tomorrow. i'll be back on friday, as well. "mad money" with -- >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends, i'm just trying to save you a little money. my job, entertain, teach, educate. call me, 1-800-743-cnbc. tweet me, don't be too disputatious @jimcramer. just like that. just like that the market changed its mind about our economy. almost overnight, we've gone from thinking the economy's accelerating to believing that commerce has peaked and is now going downhill, which is why counterintuitively the dow gained 91 points, the nasdaq pole vaulted 1.02% today. at the same time, a rally in the russian stock market, coupled with ukraine's ab

i think macy's is the market share winner. look, jc penney closing underperforming store is a positive for macy's particularly in some of these bnc malls out there where jc penney, the bread and butter of the company was that they owned some of their lower-tiered doors. giving macy's opportunity there. >> let me be more clear. i should have been more clear. is jc penney stealing market share back from macy's that it had previously lost, and was that reflected in part in the most recent macy's quarter? so i'm looking more jc penney opportunity rather than macy's. >> yeah, i don't think so. i think jc penney's opportunity is taking some of the share back that i think they lost to off price, that i think they actually lost to walmart, target, sears. i think when jc penney eliminated coupons, i think their customer disbursed to the deep value retailers out there. that's what i think their opportunity is. i think macy's and jc penney could coincide very well from a longer-term perspective. >> good to have you on. talk to you soon.

retail sales, we go pence, macy's shares are down.itch daniels joins us, talks higher education in the upcoming season. just take a closer look. it works how you want to work. with a fidelity investment professional... or managing your investments on your own. helping you find new ways to plan for retirement. and save on taxes where you can. so you can invest in the life that you want today. tap into the full power of your fidelity greenline. call or come in today for a free one-on-one review. >>> welcome back, everybody. it seems that banks are actually on their doors to legal pots dealers. the walk post is reporting 100 banks and credit unions has them as account holders. back in february, the obama administration gave permission for marijuana distributors who illegally conduct business. a lot of the banks were worried about dealing with companies whose products remain illegal under federal law. >> retail sales data after the break and a fuse ice buck challenge for cnbc details ahead. chic this out. >> one, two, three. >> ah, they t

that's not good, because macy's is best in class. everybody loves macy's.ing their business very well. they're going in, essentially discounting the goods at a dramatic level, and everybody thinks this is the best managed company out there in retail, and they miss by 6 cents? that worries me a little bit, tyler. >> all right, bob. thank you very much. bob pisani from the floor of the new york stock exchange, where they're getting ready to ring the closing bell at the big board and at nasdaq. that will do it for me. kelly will take it forward. >>> thank you, tyler, and welcome to the "closing bell," everybody. i'm kelly evans, and here's how we're finishing a winning day across wall street with the dow jones industrial average up 90 points as we head out here. only two stocks, by the way, in the red today, verizon and walmart. the nasdaq, meanwhile, adding about 44, a one percentage point gain as we close out there. the s&p 500 up about 12. we are waiting on earnings from cisco. we'll get them to you as soon as they're out. joining the panel, cnbc contributo

we still think that macy's and j.c. penney will forge ahead for fall. >> do you think, jan, it makes us change our assumptions about some of the other retailers. we have big names reporting, j.c. penney's among them. >> i'm a little moyer about wart mart reporting, since mayy's said they were down 30 basis points on gross margin. that tells me how promotional things are out there. i think they're the best. and when they're down 30 basis points on gross margins, that means the promotion was strong. they were a little hyped into the first quarter, they succeeded in getting down to where they wanted to be, so they've moved that tonnage, but it's worrying me that if it's that stuff for macy's, it's tough for everybody. clearly the second quarter was better, and i think the second quarter in general is better, but i do think we have to be very cautious about where we're going to send the second quarter. having said that's correct i am conventioned the back of this year will see the best in the last five years, we're going to

what is going on with macy's?s well as aating canon and very difficult, choppy waters. -- as well as it can in very difficult, choppy waters. the consumerid, remains weak kneed him looking forward. they will have a good holiday. >> let me get your thoughts on each one. walmart? >> wal-mart is most reflective of the overall economy. five years ago, at the peak of the recession, walmart had 12% market share of the retail market. years, it is now down 100 basis points. >> who is taking market share? that has gained about 50 basis points with cosco. company.s they collectively gained about 25 basis points. the rest is spread out. that is why it is so important -- they have a new seo just a new ceo just starting, very important he turns the mothership around. >> tell me about nordstrom. >> you have to parse the business. the retail stores, their soft. they are doing ok, they had a pretty good anniversary sale. the real strength is in the off-price side of it and the nordstrom.com., stores arell price little soft. >> jc

macy's has improve their customer service. but if you have not got it, there is no real reason to come in and buy in the store. if youina lake, i wonder could describe in detail what a shopper would get i coming to stitch fixed they cannot get by going to a mainline store? >> you hit the nail on the head, really. it is service. we are finding at the end of the day, what the customer really wants is a dress that fits her grade. which are really wants is a blouse that will make her feel confident at work. she does not necessarily want a better in-store experience or a better map at the shopping mall or better filtering and e-commerce. we are finding we are able to cut out a lot of the process of shopping back and be painful and help her achieve her best and result, which is clothing she loves. katrina, what have been the actual results of commerce at stitch fix? >> we don't share any numbers, but the business has been growing substantially over the last three and a half years. we have clients all over the country and we have ove

macy's still down from its high. think the setup is attractive. >> stephanie, you may think you know the "half time" team but only half of the story's in our new trade-off series taking you off the desk and into the real world of the traderstoday it's steph li link's turn. take a look. >> yeah. >>> my favorite thing about the sbis that it changes every day. we think a stock is going to react one way and it doesn't. you think a company's going to report one way and they don't. i really enjoy talking about the markets and picking stocks but when i'm not trading -- i'm running. i play a lot of sports growing up and got very competitive in tennis, and i was missing something when i stopped that. and so i started to run, and i really liked it. >> she is incredibly committed. borderline insane. >> i run six day as week. sometimes seven. if it's really bad. >> i'm jay link and i'm stephanie link's husband. when she doesn't get her morning run in, it's not good for anybody. >> i'm a little more on edge. >> i seem to be on-ai

walmart, macy's, nordstrom, they're not the same thing.e did have the minor uptick in the unemployment sector, and mcdonald's, not so good. but the american consumer seems pretty tapped out right now. unless something comes along to put cash in their pockets, i don't see how they can fuel a rally. >> when you say tapped out, do you mean across the board? >> i'm saying the working middle class, the people shopping at target and kohl's. >> well, the ten-year interest trade, below 2.5%. that's money in their pocket. grain, oil, gas prices, that's cheaper for the consumer. so, some positive effects that could charge the economy. >> well, low rates don't help people charging their purchases. >> assuming there's no bigger geopolitical issue here, that's the bigger fact here. consumer data matters. the report of target, that gives you insight into the consumers. the better the economy is doing, but not too great, the better it is for the market. >> well, do you they they really care, the average american consumer, about geopoliticly? >> well, wha

macy's comments. 0 so my additional public comment all the issues by the staff be stricken and you can enact or not enact a motion regarding four and five >> thank you. >> welcome commissioners. >> thank you. charles civil grand jury. in the introduction to the civil grand jury report state law requirement has to do with the each recommendation we must report that and number 3 the recommendation requires further analysis the additional study is needed that goes into the technical progress coming down the line but the grand jury expects a report within 6 months so you mentioned that timeframe and say specifically that particular timeframe 6 months rather than revisiting this in 2015 that's too vague and i'll call our tension to the last line on page 3 this recommendation is with the ethics commission the grand juror intend that the payment should be filed along with the other forms for the up to this time forms have important as seven hundred is. thank you >> is there a motion to adapt the changes to finding and recommendations four and five as proposed by commissioner keane and add tha

macy says she wanted to explore the human side of globalization.nomists would say we shouldn't be making furniture in this country. >> many economists would say that. >> brown: because it can be made more efficiently elsewhere. we should be training our workers for high-tech jobs, new jobs. >> i agree, it sound like a great theory, and it is a great theory, and i've been to indonesia and i've seen what happens when the people come in from the rice paddies and they can send their kids to school for the first time. >> brown: their wages go up. >> their wages go up, their lives get better, but what we didn't plan for is, everybody said when china joins the w.t.o, that will be a win/win for everybody. we won't lose jobs because we will be exporting our goods to the growing consumer class in china and elsewhere in asia. and maybe that'll happen, but not for decades and it certainly hasn't happened in martinsville or henry county. >> brown: for now, the work goes on at this factory in galax. a small remnant of a much larger world of craft, industry, musi

in lost sales that were up for grabs and some of that is finding the way back from macy's to penneyre it was before the disaster of ceo ron johnson. overall, after today, though, it looks like consumers by good housing numbers and lower interest rates and dramatically reduced gasoline and electric bills may be spending at retail again so let me give you the bottom line. amazingly the decline in retail seems over and just one more sector that looked like it was dead meat and part of a horrible rotation that was saved by the bell of very good quarters when, i don't know about you, but i least expected them. sam in nevada. sam? >> hey, jim. thanks for helping out the little guy. >> of course, sam. i sure do try. what's up? >> i'm curious about al brands. it's had a good run lately? they reported a good quarter and no reason for me to stop now. i think they're on a major turn here. congratulations to them because they, too, like many other retailers looked like they were down for the count and now they're back. saved by the bell! [ bell ringing ] sure there are outliars and the correcti

macy to understand what the form seven hundred is and it's in our response to give a little more flavor to what's happening. >> although i appreciate the patience exemplified by the commission i want you to finish the recommendation go that the grand jury. it's not clear to me if any motion is being made open four and five so perhaps the clerk can summarize >> is there a motion? >> the motion was not made the motion that is intended is to modify four and five as proposed by commissioner keane and add a 2015 for the commission to revisit the issue in light of mr. macy's comments. 0 so my additional public comment all the issues by the staff be stricken and you can enact or not enact a motion regarding four and five >> thank you. >> welcome commissioners. >> thank you. charles civil grand jury. in the introduction to the civil grand jury report state law requirement has to do with the each recommendation we must report that and number 3 the recommendation requires further analysis the additional study is needed that goes into the technical progress coming down the line but the grand jury

courtney reagan, what on earth happened with macy's? >> itas

unlike macy's, j.c.y's ais saying this engine will continue for the rest of the year, which is an interesting sentiment. >>> a question thought here, and then we have some guests to bring in as well. >> for me it was more about the guidance. >> it was a quarter for them to beat, all about going into the holiday season. >> reflecting -- >> let's get some thoughts, welcome to you both. mark, you are a big fan of j.c. penney's, correct? >> yes, i am. you know, i looked back seven years ago, they were do 10% less stores, and so the am of leverage you have, like they seem to be doing, from macy's and these other places, you go into stores, you see it. this shows has huge potential. i think it's the best turnaround story i have seen in a long time. >> no, this was a little better than expected. it looks like the beat was largely on the -- sales just a bit better. sales are going to get tougher. as i said here last time, they're going to have to grow a lot to grow into the valuation. >> if what you're saying, t

how many of you remember a specific beth macy story? by a show of hands how many of you remember young selena who made it to harvard with a whole community of gainsborough library patriots cheering her on? [applause] >> best award winning story about the somalis band to refugees that were coming to live in our community, where the children were going somewhere that 12 languages were spoken. her series about teen mothers. families are navigating, caregiving their elderly loved ones or may be what comes to mind is what you printed out. now covered in grease stains, and to make the pap smear. this is in 2005. you all remember s o bs, we have a lot of i b be interviewed by beth macy. we were lucky because we knew our story was brought up in good hands. since 1989, she met her beloved husband tom clanton and now has her two children, she worked for the roanoke times telling stories about us. and how much we knew each other. you know journalists are supposed to be objective. let's credit fellow journalist mary bishop who i think is here tonig

>> macy's isn't an electronics dealer. >> it's a retailer. what's the difference. >> they're not all comparable. not using macy's against best buy. >> i am. >> you can't. >> looking for the best way to execute. that's macy's is better than best buy with less risk. >> vote over. winner goes to the bear. 54-46. >> close. >> let's send it back to morgan brennan for a market flash. >>> check out orbitz. stock moving lower after american airlines is withdrawing fares from consumer websites powered by orbitz. us airways also owned by american withdrawing fares from orbitz begins september 1st. trading down 4% now as for american, that's trading about flat down less than a quarter percent. scott, back to you. >> okay. morgan, thanks. >>> do the trader blitz now four trades on four stocks making moves. big moves in biotech including gid yad, which you own. weiss? >> worrisome. not really. stock down almost a couple bubbles. less than 2%. rallied back. look, nervousness, always is, about weekly scrips, don't worry. warehousing went on. new formulation

i think macy's given the bounce today is the most interesting stock on the board. >> all righty. new signs of weakness in europe and asia today. has the u.s. become the safety trade? that's next. >>> plus, as investors searched ford yields, should dividend stocks be in play again, kevin o'leary is coming back to battle your own guy adami over whether dividend stocks are the way to go. that's coming up. >>> it's going to be blood in the streets, my friend, rates are going up. you will never convince me to buy a stock that doesn't have yield. >> there is a chance the equity goes lower, there is that chance. >> okay, chicken little. >> okay, chicken little. can take you in many directions. . >> there is a chance the equity >>> the 13 f filings are out. let's get a news alert on warren buffet. >> buffet, let's get through the headlines. buffet takes a new stake in charter communications. we will watch those shares. also warren buffet berkshire hathaway in stars networks, also boosting tear steaks in both verizon and general motors and decreasing stakes in directv and conoco philips a

macy's, yeah, cannot believe it's back to 60. how buoyant is this market? know what, after dick's good quarter, i thought that would go up. and starbuck's, got to be careful, retail, retail, apparel, tech, drug. drugstore. we're going to have to get rid of macy's, sorry, don't take it personally. let's buy some cigna, ci, very undervalued. stick with cramer. where the reward was that what if tnew car smelledit card and the freedom of the open road? a card that gave you that "i'm 16 and just got my first car" feeling. presenting the buypower card from capital one. redeem earnings toward part or even all of a new chevrolet, buick, gmc or cadillac - with no limits. so every time you use it, you're not just shopping for goods. you're shopping for something great. learn more at buypowercard.com so i can reach ally bank 24/7, but there are24/7branches? it's just i'm a little reluctant to try new things. what's wrong with trying new things? feel that in your muscles? yeah... i do... try a new way to bank, where no branches equals great rates. >>> when you see a st

macy's call, their own strength in teen retailing. urban outfitters, they do a great job. it's on a bargain. it's traded much higher as a multiple than it has here. that one to me is more interesting than aero. >> i like anthropology. >> what do you like about it? >> i think they're on trend. >> short hills mall hangout. >> stick with the team. stick with the team. what about guy's left. continue. >> no, just my two cents, not as an inventor. coming up, apple shares are creeping towards that $100 share mark today. find out the number one thing that smartphone makers want to see when apple's new iphone is announced next month. that's after the break. it's monday, a brand new start. with centurylink visionary cloud infrastructure, and custom communications solutions, your business is more reliable, secure, and agile. ♪ ♪ >>> who is this? >> that's nice. >> latch. i love latch. they're my favorite band, latch. i went to their last show. great. >> wow. >> off the hook. >> i'm impressed by him. all right. as speculation continues ahead of apple's next iphone release, one featur

some of them -- macy's, mcdonald's and others saying they're conditionered from the consumer. how do you explain that? >> it's a tale of two worlds. those who benefitted in the post global financial crisis but that's contributed to asset inequality and income inequality. the higher end consumer is doing fairly well. other consumers are struggling more. they haven't fully participated in this recovery but they have done some things to improve their balance sheets, including deleveraging. household service debt rate sheets have decreased, interest rates are low and the kind of debt they're taking on thus far is more cap ex, so it's lower interest rates. so, what they are poised for over the long term is better consumer spending but we don't expect very robust spending from most consumers given that we're still working out the kinks in this recovery and they haven't fully participated in it. >> ellen, how big of a problem is it? the consumer makes up two-thirds of the economy. >> that is a big piece of why the u.s. economy has had subpar growth for so long. so, as christina point

. >> nordstrom and macys and places like that who have had strong online capabilities, that's where the retail leadership has been, and probably will continue if there is any leadership out at retail. >> retail stocks will be important this week as companies like macys and walmart help to wind down large cap earnings seasons. those reports may shed more light on the health of the come assumer and whether or not stocks can balance back. for nightly business report, dominick chiao. >>> remarks widely interpreted at fed policies aimed at supporting economic growth. stanley fisher called the performance disappointing. he questioned whether the growth was cyclical or structural. whichever it turns out to be, the result has been a general down shift in forecasts for long term u.s. growth. >>> over in the oil patch today, a big corporate restructuring announced by the nation's biggest energy pipeline company. kinder morgan is consolidating its huge pipeline business into a single company. a $44 billion transaction, and investors like what they heard. shares gushed higher by 9%. morgan brennan

i don't know that we can say that walmart and macy's and nordstrom equates to the same thing. look at wages. they have not ticked up much. that's not positive for the consumer. there's a minor uptick in the unemployment number. look at results from mcdonald's, not great either. you know, i don't see the -- the american consumer is tapped out to me right now. unless something puts cash in the pockets, i don't see how they fuel a rally. >> doesn't it depend on what consumer you're talking about, the top end, middle end, bottom end, are you talking across the board? >> the working middle class, the americans, the guys shopping at target, probably more so kohl's and walmarts of the world. >> you have to consider interest rates have fallen. money flowing from europe into the united states now, and as the interest rates trade below 2.5%, that's money in the pocket. commodities, grain and oil prices and gas, that is cheaper for the consumer. i think there are some positive effects here where we could see consumer come back in play and charge the economy further. >> that does not help

macy's is scheduled to pay the 950-thousand dollar fine at a hearing friday. perhaps you've been to a job fair or two in your life. but you've never been to one like this. a group of strip club owners in san francisco hosted a job fair monday, and invited young women to apply and audition. and not surprisingly, they got a pretty good turnout. strippers are pretty well-paid. still waiting to see the auditions ... >> and not going to happen. keep reading. >> they are pretty well paid. >> 200-400 per night. >> being an entertainment is an honest living. it's legitimate. we're not doing anything wrong. >> if you have a nice body why not show it off? >>to be fair, the clubs were looking, not just for dancers, but also managers, hostesses and bartenders. >> tell them what you're working with. >> the only news station in the country and i don't think we have any problem steering that story or talking about it. >> is for 20 5:00 a.m.. >> it's only 2:00 a.m. on the west coast. >> let's get to it. shows what you're working with. >> look at that. get in on it. >> i need

>> we like macy's, we would buy on the weakness. we think they had great national brands like kors and ralph, 9% of mixes online and 9% of repurchase of shares. cash flow is fashionable. tjx is a great off-price retailer and inventory flows extremely fast as much as daily. if you think about fast fashion, it's a nice name. liz: i would think t.j. maxx is rejects from the previous season, no? >> a little of both but buyers are right on target. liz: what's l brands? >> victoria's secret. liz: yeah, limited brands. >> with the yoga pants and bottoms, they are executing well. as well as bath and body works. >> get to the worst in a minute. marshall, who gets it right in what you talk about as being the immediate inventory opportunity? >> well, when you look at what's going on, we've got to recognize that the retailers have to make changes, and many of them are kind of stuck in web 2.0, it used to be that they said yes, we have product, and here's where can you get, it then got into 2.0, you can buy it from us online, they haven't learne

. >> yeah, i mean, makes macy's look good. went over the conference call yesterday, not as bad as what people thought. three guys pushed hard going into the quarter. i mean, walmart is -- look, if walmart had a better yield, gets in the fall -- >> 26 is not bad -- >> you need three to compete? >> yes. >> even with the 10-year down? >> the presentation, bucheef, b talking about those who grew by 5% or more, that's it, and so, i mean, if walmart were to raise dividend, you get the cisco effect. we'll go over cisco, but the most salient factor with cisco is the yield. commitment to the dividend, buyback, and anybody who thinks they are not buying back stock, look at the numbers, buying back a huge amount. >> talking cisco. >> macy's going back, a hundred million shares less. >> maintaining its forecast for earnings per share in the face of decline with sales. >> buy backs and dividends. >> walmart, charitable trust dumped costco. >> yeah, it did. >> tweets this morning about the nature of the supercenter when it's so easy to orde

macy's down 3%. we got a lot going on here in retail, and it's not over yet.ek, we're going to hear from the teen retailers, back to school commentary is para mount, but there's not a lot of hope in the sector either. back to you. >> all right, thanks so much for that. we'll watch retail throughout the day, stunning chart of the movers this week. meantime, heading uptown and at the nasdaq. >> good morning. well, as tensions put to the side, we are seeing markets gaining momentum here, nasdaq up half a percent for the week. a lot of activity in the consumer space with coke taking a stake in monster beverage, shares out perform and soda stream shares moving in sympathy, and poyo loco, active since going public on the nasdaq in july. chinese internet another sector to watch, and cena with better than expected earnings, due to ad sales that grew, and reporting earnings a jump in revenue that came from the user growth, but here's a story. monthly active users up 30% year over year, user growth did slow quarter over quarter so that's probably why you're seeing share