prior to jcpenney, marv ellison spent 10 years at home depot and 15 years at target. most of his experience is in operations and logistics, causing some concern about his lack of merchandise experience. particularly, in apparel. but others believe that he brings a fresh perspective to jcpenney and that he understands the customers, and the employees. his mother shopped at jcpenney for him and his siblings growing up and he started out as a part-time employee at target. >> this journey for him is not just professional, it's absolutely personal. we think it's that authenticity that's going to drive his authority not only of his customers but also with his associates. >> while ellison, an outgoing ceo ullman crafted the current back-to-school and upcoming holiday strategies together, ellison is inheriting a fragile retrialer. at its peak in 2003, jcpenney generated $32.3 billion in annual sales. now, revenues are less than half that. >> bank analyst paul trussle says ellison's first task is to maintain current momentum and step it up, improving profitable and free cash f

ellison? >> in an instant both of their lives were taken live on the air as thousands of people watched, but that horrific moment isn't who they were. they were journalists and they had a bond that's special to this job. >> it's a quiet bond. you may not love each other all the time. you may not be on the same page all the time for a story, but you're always family. >> reporter: that's how it was for allison parker and -- alison parker and adam ward. the two spent most of their days together diligently waking up, getting in a truck and working on whatever story popped up. they both grew up in virginia and went to college here and started at wdbj as interns and it's also where they both found love. >> alison was the brightest light that i have ever met. she was the funniest kindest, most beautiful woman that i ever met and she just happened to love me back. >> reporter: ward with melissa ott, producer for the morning show. they had happy lives by all accounts filled with promise and opportuniti

everyone in the industry, including larry ellison, is chasing salesforce.hey are the business model everyone is trying to copy. they are the apple, if you will, of the software industry. the quarter looked very good. the backlog was up 26%. cash flow growth was up plus 44%. the service cloud leading the charge had the best growth. a lot of the metrics continue to exceed what analysts expected and we believe that the consistency of the results have kept investors in the stock. they've really continuously delivered on the numbers. matt: microsoft reportedly offered $55 billion for salesforce and now they are having a real competitive right. are a lot of there other companies trying to get into this closet space. -- cloud space. cory: it could have been far below the market cap of the company. it could have been all-star. it could have been a merger not attract it to them. -- it could have been all stock. matt: even if it's the whole company, -- was it cash? do you want $55 billion in microsoft stock? matt: i would take it. cory: the board did not what the dea

you, ellison.y's fire chief said that crash helped create laws that are in place today for commercial driver's licenses. >>> right now d.c. police are on the hunt for a man who sexually assaulted a woman at gunpoint yesterday morning at 6:00 on park road not far from gorge avenue. the suspect is describe -- on georgia avenue. the suspect is described as a black male, muscular, medium build, 5' 5, blue and white plaid shirt, blue jeans, a blue and purple hat. call d.c. police if you have any information. >>> the trial is underway for a machine accused of shooting a -- man accused of shooting a worker to death after a robbery of an oxon hill hotel. investigators say he shot the victim jessie chavez as he was attempting to stop the gunman from leaving the hotel in 2013. two other men face similar charges and are set to go on trial in october. >>> no cause for alarm if you're hearing gunshots and mayhem around bethesda. today and tomorrow there will be training exercises on campus of naval support acti

our ellison barber is in gaithersburg with details on what we've learned tonight. ellison? >> reporter: derek, when that explosion happened, one person was injured, a police officer who worked here at nist. prosecutors tell me that is the same man who is now facing a felony charge for making meth. this single page document was filed in u.s. district court sometime monday. it charges christopher bartley, a former supervisor rei police officer at nist with knowingly -- supervisory police officer at nist with knowingly trying to manufacture a mixture containing an amount of methamphetamine on or around july 18th. that's the same day an explosion happened inside a building on the institute's gaithersburg campus. as that explosion was investigated, officials say they found substances used to make meth. nist is one of the oldest science laboratories in the country and it's run by the federal government. two days after the explosion this e-mail was sense to a congressional committee that oversees the institute. an official passed along information to montgomery county police expla

reporting live in prince george's county i'm ellison barber, wusa9. >> thanks, ellison. >>> tonight a park police motorcycle officer is recovering from the injuries he suffered in a crash on the 14th street bridge. investigators tell us that officer was off duty on his way home when he rear-ended a jeep. now the impact sent him flying over the handlebars, but his injuries were not considered life threatening. traffic had to be stopped for a while so a medical chopper could get there and take the officer to the hospital. >>> new information tonight in a fairfax county shooting, police say a man was shot outside a fight after a home in centreville. officers found the gunman inside the home. for a time he refused to come out. eventually a trained negotiator convinced him to surrender. he was the hurt. the victim has serious injuries, but is expected to stay alive. investigators say the two men knew each other and there is no information yet on what charges will be filed. former virginia governor mcdonnell has a request to remain free pending appeal. mcdonnell and his wife were convicted

everyone in the industry, including larry ellison, is chasing salesforce.are the business model everyone is trying to copy. they are the apple, if you will, of the software industry. the quarter looked very good. the backlog was up 26%. they had good operating margin improvement. cash flow growth was up plus up 44% year-to-year. the service cloud leading the charge had the best growth at 40%. a lot of the metrics continue to exceed what the analysts expect, and we believe that the consistency of the results have kept investors in the stock. they've really continuously delivered on the numbers. matt: microsoft reportedly offered $55 billion for salesforce and now they are -- now microsoft is becoming a real competitive threat. you mentioned there are a lot of other companies trying to get into this cloud space. cory: we don't even know the terms of the offer or the price of the offer. it could have been far below the market cap of the company. it could have been all stock. it could have been a merger not attract it to them. matt: reportedly $55 billion -- ev

they were followed by elizabeth bishop, tennessee williams, richard wilbur, james merrill, ralph ellison. just an amazing number of writers who have lived in key west and whose works have been impacted by key west. we try to make sure literary heritage in key west is not just something you read about, but something that is ongoing and a living tradition. that key west remains a place for great writers to live and work and for passionate and engaged readers to spend time and participate in that history. >> david mcconell is the author of "american honor killings." he sat down with the c-span cities tour in key west to talk about his book. isid: the title

in chinatown i'm ellison barber, wusa9. >> cbs news reports there have been no reported incidents at thursday's advanced screening. >>> tonight we're hearing from the distraught father of dalis cox. dalis is the 3-year-old girl accidentally shot to death last month by her 7-year-old brother. he was handling a gun at their home in southeast. their father timothy cox is not only in mourning, he's also upset with the latest development in the case. prosecutors say that gun came from a 17-year-old and on monday that teen was charged with child cruelty and illegal possession of a handgun and ammunition. while some parents might welcome the teen's arrest, but not timothy cox. >> i'm feeling the loss and i miss my daughter and i just, you know, think what's going on as far as arrests and things, it's not helping anything. i don't agree with this. >> timothy cox told us he knows the 17-year-old who has been arrested, but he did not want to go into detail. he said a trial only will slow down the process of healing over the loss of his daughter. >>> a couple in wheaton are being held on a bond

tennessee williams, richard wilbur, james merrill, ralph ellison. just an amazing number of writers who have lived in key west and whose works have been impacted by key west. we try to make sure literary heritage in key west is not just something you read about, but something that is ongoing and a living tradition. that key west remains a place for great writers to live and work and for passionate and engaged readers to spend time and participate in that history. >> david mcconell is the author of "american honor killings." he sat down with the c-span cities tour in key west to talk about his book. is provocative, i guess. i wanted to describe killing, accounts of several murders and cases where game and have been killed by straight men or people who think they are straight or ostensibly straight or identifying as straight at the time. the reason i called it honor killings is because i want to focus on the criminals in this and i wanted to examine the psychology that goes behind all of this. after looking at it very carefully, i decided that was wha

reporting live in riverdale i'm ellison barber, wusa9. >> there were 54 homicides in prince george's county, 19 related to domestic or family violence. a spokesperson for the state's attorney told wusa9 seven of those murders were children under the age of 4. >>> new tonight an armed robbery that police need your help to solve, this they have now released a surveillance video of the bad guy. it happened july 20th along morris road and southeast. the video shows the gunman walking along the sidewalk as he approaches his target at night. in the middle of the street he points a gun at the victim. there's a reward for anybody who helps identify this man. >>> it was firefighters to the rescue for three people trapped on the balcony of their fourth floor apartment. the residents were surrounded by smoke and flames from a fire that broke out early today at an apartment complex on 68th place and landover hills. firefighters used ladders to reach and rescue them. there were no serious injuries. investigators are still trying to figure out what started that fire. >>> some sad news tonight, the

reporting live at police headquarters i'm ellison barber, wusa9. >> thank you, ellison. >>> and we have new information on a university of maryland basketball coach charged with groping a player on his previous team that he coached. the school has suspended bryce mckey. he was an assistant coach with the women's team. the allegations stem from his time as a coach at xavier university. one of his former players said mckey invited her to his home and touched her inappropriately several times. he's charged with third degree sexual abuse. >> reporter: the parents of a wheaton toddler are being held on some big dollar bonds tonight accused of murdering their child. police say blanca reyes and jonathan torsios hit the boy and didn't get him any medical care. the medical examiner calls it homicide. bruce leshan is live in rockville with just another story with some really disturbing details, bruce. >> reporter: absolutely, lesli. now prosecutors say that 2-year- old matthew reyes was covered in cuts and bruises in places that could not possibly be explained by a toddler falling down. they say

so it's our duty to help those in need of. >> reporter: in hyattsville i'm ellison barber, wusa9. >> wow, what a great officer there and police say that woman and her child are now with relatives. >>> it is the 10th anniversary of hurricane katrina and today former president george w. bush returned to new orleans. the former president toured federally managed levees and a charter school. >> i hope you remember what i remember and that is 30,000 people were saved in the immediate aftermath of the storm by u.s. military personnel, by louisiana law enforcement and by citizens who volunteered. i hope you remember what i remember and that was the thousands who came here on a volunteer basis to provide food for the hungry and to help find shelter for those who had no home to live in. >> the mayor of new orleans called bush's visit a moment for healing, a moment for commemoration and a moment of thanks. >>> it was 60 years ago today that 14-year-old emmett till was beaten and shot in the head for reportedly whistling at a white woman in mississippi. till's murder served as a rallying cry fo

larry ellison now owns the wise six biggest island.ccording to the bloomberg terminal, according to core logic, hawaii, along with the district of columbia have prices of residential properties that reach a record. we are starting to see some staggering prices for real estate. matt: absolutely. in some ways it has become the hamptons of silicon valley. those in silicon valley who have enough money to fly around public jets obviously, it gets a little bit further away from the hamptons although the engines here is not very close to wall street and it is not just home prices in hawaii. you are seeing inflation across the board. it is an incredibly expensive place to live. it is probably one of the best places to live in. mark: coming up 2:00 p.m.? >> we are going to talk to congressman jim ryan from the great state of ohio. some were really seems to be falling apart after yesterday. chuck schumer of new york turned against the president. we also had a republican debate yesterday. they were all the same page is present number of issues, i

right now ellison is monitoring changes in revenue and traffic flow.ould see a new twitter ceo a little sooner than thought. kara swisher weighs in on "squawk alley" coming up. we talked to our doctors about treatment with xarelto®. xarelto® is proven to treat and help reduce the risk of dvt and pe blood clots. xarelto® has also been proven to reduce the risk of stroke in people with afib, not caused by a heart valve problem. for people with afib currently well managed on warfarin, there is limited information on how xarelto® and warfarin compare in reducing the risk of stroke. i tried warfarin before, but the blood testing routine and dietary restrictions had me off my game. not this time. not with xarelto®. i'll have another arnold palmer. make mine a kevin nealon. really, brian? hey, safety first. like all blood thinners, don't stop taking xarelto® without talking to your doctor, as this may increase your risk of a blood clot or stroke. while taking, you may bruise more easily and it may take longer for bleeding to stop. xarelto® may increase your r

some campaign financial records show that ellison actually contributes to both republican and democratic candidates. >>> a shootout today in the east bay city of pittsburgh ended with a police officer wounded and a suspect in the hospital. the exchange of gunfire happened about 11:00 this morning at east 12th and harbor streets east of 4. pittsburg police describe it as an ambush. they say officered spotted a man wanted for attempted murder, and chased after him on foot. they say the suspect turned a corner, and waited for the officer and opened fire when the officer appeared. the officer, a 24-year-old veteran was shot in the leg. a police spokesman says the sphears was -- officer was treated at a hospital and is already home. the suspect should survive. he's identified as a 49-year- old man from bay point. police say he was wanted for trying to kill his wife last night in concord. >>> a man accused of starting a series of fires around the bay area is being held tonight on $1 million bail. 29-year-old james william wilson was taken into custody today at bay point. this is video of one o

ellison wants jcpenney to be a world class retailer backing it up with the former v.p.line mobile and home depot and mike robins, supply chain chief from target. these are difference makers. they speak to the idea of making penney a better player on the web. ellisson said it has an edge on competitors trying to have a buy online, pick up in store or bopus strategy. i'm not sure. i don't know if they have a leg up. they have 1,060 stores versus walmart. if walmart wants to emphasize bopus, i don't know how jcpenney can compete. but ellison said what you see isn't what you get. he'll improve business with the new hires. i think the bar is low enough he can beat it. everyone is struggling with omni channel. norris had to spend billions. liberty kwvs just shelled out $18 a share to buy zulily which fizzled as a stock. i liked the concept. it could be a good fit for a television retailer. within the group i like jcpenney because wall street expects so little from the left for dead chain. another aspect of the conference call i loved, his candid admission that jcpenney custom

bill gates' network cropped by 3.2 billion and -- dropped by 3.2 billion and larry ellison was down $1.6 billion. many analysts blame the economic slowdown in china. the shanghai has dropped for four days. today it fell 7.6%. but there's good news. china's central bank announced it's, it is cutting its main interest rate by 1.25%. >>> republican presidential candidates are blamingth white house for making the white house too vulnerable to china's economy. this comes as more reports that joe biden could enter the race for the 2016 white house. >> as global stock markets continue their violent unpredictable things, blame is going to president obama, china na. >> china manipulates the currency that creates a discount for products. we do nothing about it. >> reporter: the economy is in much better condition than when president took office in 2009. this morning, the white house announced susan rice will meet with senior chinese officials this weekend. meanwhile, the gop front-runner is also blaming china for the slowdown. >> not only have they taken our jobs and our manufacturing, about now t

reporting in the newsroom i'm ellison barber, wusa9. >> flanagan reportedly sent a 23 page manifesto to abc news and in that he claims the shootings were a reaction to the june massacre at the emanuel church in charleston. >>> like many jobs people in the tv news industry know people at other tv stations all across town or all across the nation and one of the reporters who used to work with alison parker is a reporter now at our sister station in charlotte. >> he talked about alison and reaction to news of her death with anchor ben thompson. >> for the first time today it really was somebody i knew really well. it's just horrible. it's a horrible feeling of literally being sick to your stomach. >> reporter: daniel got the news this morning from a text of a friend. he was on his way to work and had to pull over to the side of the road. dan and alison first met in the small market for tv in north carolina and moved on and up to bigger cities, dan to charlotte and alison to roanoke. >> she wanted to be a network reporter, to be the west there was ever to leave a legacy. >> reporter: fas

. >> reporter: in prince george's county i'm ellison barber, wusa9. >> and get this.edgewick was able to find these firefighters because of yoga. she was hired to teach yoga at an event hosted by the national fallen firefighters foundation. she happened to meet a former fire chief from prince george's county and he just picked up the phone. >>> finding work in prince george's county, later encouraging job numbers that were revealed today. >> reporter: this is hank silverberg in frederick, maryland, where they're constructing the altar this will be used for pope francis' visit coming up in september, that story coming up. >> and next fire raging across three states. now officials are recruiting hey terry stop! they have a special! so, what did you guys think of the test drive? i love the jetta. but what about a deal? terry, stop! it's quite alright... you know what? we want to make a deal with you. we're twins, so could you give us two for the price of one? come on, give us a deal. look at how old i am. do you come here often? he works here, terry! you work here, right

some of that water made its way into the parking lot of this office building where david ellison works. >> he says it didn't get inside the building so we got lucky there. >> reporter: the city says if you have running water, it is safe to drink. but for safety reasons, they still want everyone conserving. >> should do your best to refrain from using water to keep positive pressure on the line so the water does stay safe to drink. >> reporter: for those completely without water, vallejo is trucking in extra. they are warning it could be early sunday morning until the water is flowing like it should. >> that's a lot less than it should be. >> reporter: in vallejo, mark kelly, kpix5. >> well, it will be sunday morning. the city expects the repairs to be done soon. water service should be fully restored by 4:00 a.m. >>> half a dozen people are recovering after a wild police chase through downtown la. it started this morning when an officer tried pulling a driver over for running a red light. but they say he just kept going flying through another red light straight into a woman and her 13-

.: ellison's rampage taken down and was up statements made showing a different side of the 15 year-oldt does not surprise the market class. "nothing brought him to that point whether it was dark fantasies, whether it was the lighting fires killing little animals, phoning in a bomb threats. everett was even brought him to the point where agassi felt he needed a kill this child" "this would be of these are kids here in begin where grandparents and of the will happen anymore." >> pam: mobile home park in the bay area is threatening mass evacuations or evictions i should say. it has hit the pacific sky states. kate joyces live from the waterfront park with reaction from. the from >> reporter: i met so many incredible people who live here inside the pacific sky's the state's many of them veterans the top. the they don't want much but just a roof over their heads. but they finally find a plot from place to raise their family. return on a " the clock work during the day we never see each other the. switch attitude making six easier on here. renting this home for about $2,300 a month. do not k

reading a note earlier from sterne agee and charles graham over there and he says he was encouraged by ellison'sments on the call. we shall see. sticking with consumer discretionary but getting out of videogameetail, retail, gamestop's price target was raised to $58 from $50 at suntrust. the governing's second half software sales should benefit from good new games and strong sales of new hardware. you guys not big video gamers? olivia: huge. julie: favorite game? olivia: i am more of a nordstrom girl. i thought nordstrom was an interesting juxtaposition when you compare their results to what went on at macy's. revising down their forecast for the year, saying they see no sale store growth. pimm: a lot of it has to do with promotional issues related to west coast holdups? olivia: jcpenney is partnering with sapporo. -- sephora. let's take a check of some of the latest headlines. al gore is not running for president. despite a news report on the internet website buzzfeed, to .he contrary motors recalling 73,000 chevy cobalt sedans. may have been built with improperly routed side impact wiring that

larry ellison made $1. >> the vast majority of their pay is in stock options or stocks that they get. >> so can you go by salaries and stock awards, which most studies do. turns out that data isn't reliable either. brookings institution senior fellow robert posey explained that stock awards aren't automatically awarded. they're tied to performance. >> it should be something like the company has grown revenues or it's grown earnings or it's done some good things. >> reporter: the reality is ceo pay could be inflated or understated in these studies. we don't know. either do the authors. so here's a prime example of the formulas and factors that go into ce o o pay. >> nick woodman, he's the highest paid exec in silicon valley. his stock awards were almost $75 million. he founded a company, took it public and reaped the benefits. marissa meyer was paid $42 million between salary and stocks. to woo her away from google, they kind of had to do that. >> you have to pay a lot to get good talent. there's a really difficult question, does pay always reflect talent? that's a really tricky questi

he stepped aside and new operations are in the hands of former home depot executive marvin ellison who took over this month. they will be interested to hear what his plans are for the retailer this is nice one-year chart for you. doesn't look great, does it. >> i don't know about you, nicole, i was jam-packedded a block. coming up oil prices hit six 1/2-year low yesterday but prices slumping again today. we're getting closer to tracking -- cracking 40 bucks a barrel. we'll have latest for you. >>> in sports, pga championship underway and rory mcilroy is back. >> only thing ways a little worried about whether i could bring the good golf i know i have been playing into competitive run. thankfully after those two shots on the second, i felt i did that. >> dustin johnson and jordan speith are within striking distance of the lead. we'll show you the highlights. let's check u.s. stock futures right hire. dow futures down 13 points. broader markets down three points. you're watching fbna, your first look at -- "fbn:am," your first look at morning markets and breaking news. ♪ >> the own time z

. >> terrell ellison has worked the line for two years. he says that he wants to square his debt to society. >> how dangerous is this work? >> it's really bad, this is fire, and you don't know what it might do. >> they're getting rehabilitated, so they're going back out to the community with the skill and they're likely not to commit crimes again. not all of them, but more than half. >> when they're not working wildfires, they work another project, like fire field reduction and treetopping. skills that are useful in the outside world. >> well, they're human beings, and everybody deserves a second chance. >> for these men, it's a second chance that could possibly save their futures. aljazeera, yucaipa, california. >> you can see more on sarah's report tonight at 7:pacific. >>> tonight, making the cut. which candidates made the lineup for the first prime time republican are candidate debate. and which ones are in a second tier debate hours earlier. >>> and tokens from a destroyed city, providing perspective here in america. >> the newest pol

oracle ceo larry ellison he lost $1.6 billion. mark -- warren buffet lost $2 billion. and the richest man in asia a real estate investor in china? he coughed up a cool $3.6 billion just yesterday. >> it was on paper. it's not -- they haven't realized. personally most of them would like to have a few billion we could lose. but it puts it in perspective. and a drops below $100 a share. it's almost up to $109 now. so a lot of them are recovering. brian. >>> thank you, guys. the city of sacramento is planning a parade to honor the three men who helped stop an attack at a train until france. spencer stone, alec? , and anthony sadler stopped a man with a handgun and knife. and yesterday they received the legion of honor medal. >> i'm so amazed by his act and i don't know what to say. it is such an inspiration to me and my family. >> the mayor of sacramento says details about the parade are still in the works. in the meantime security has been stepped up at train stations across europe. many people in paris say they feel safe despite what happened. the gunman has been identif

. >> ellison barber is here in the studio now to tell us more about alison and adam. >> the two worked as a team at wdbj over a year. people who knew him say they both were loved at work and at home. adam and i worked the same early morning shift. >> alison parker and adam ward spent many mornings together reporting every kind of story in every type of weather. they both grew up in virginia, went to college here and both started their careers as internals at wdbj. colleagues say it was a place where they excelled. >> alison was smart and ambitious. adam was a capable photographer who would go the extra mile to get the job done. >> reporter: the station was more than for the two. it was also a place where they bothun fod love, he with a producer, she a fellow reporter. in an instant both of their lives were taken, lives on air as thousands watched, but that horrific moment isn't the one families and friends seem to remember. it's these voices. >> in sound adam ward news 7 sports. >> hey, everyone, i'm alison parker. >> reporter: and these smiles of two people who lived their life to the

there was a rumor on the street ten days, two weeks ago of a possibility of ellison and benhoff getting together and oracle bringing in a sales force and benhoff becoming president and coming back to oracle. >> i'll just say flat-out no. that ain't going to happen. oracle is down 17% for the year. sales force is up a like amount, but i don't sense that there's any commonality and crm is up 17. no. that's not going to happen, and i don't want you to own oracle although the stock has gotten cheaper and sales force had a great quarter and no one cares. how about jim in delaware, please. jim? >> jim, thanks for taking my call. my question is relative to twitter. with all the publicity over the last couple of weeks as far as somebody buying twitter, what do you recommend as far as getting them to the stock now? >> i think you have to find a way to read rob peck's trust in suntrust. he wrote a very compelling piece today about how twitter has bottomed and i think my charitable trust felt much better after i read his report because he's so thoughtful. i think it's okay and obviously the stock

marco rubio's super pac owes half of the $16 million pile to two pals oracle ceo, larry ellison and formerphiladelphia eagles norm brayman. scott walker has $20 million in super pac funds. a quarter of it from the owners of the chicago cubs. on the democratic side one of hillary clinton's super pac, $15 million vault which is shared more evenly among big names. including $1 million each from dream works executive, steven spielberg and jeffrey katzenberg and george soros and j.j. abrahams and his wife. >> super pacs changed the game for 2016 presidential candidates. they have to spend a huge amount of their time courting voters and billionaires. >> reporter: the big question for all right donors what will the rich guys and gals giving the huge sums expect from the candidate who wins? >> that is the question. jake tapper joins us. along with cnn correspondent. jake the fact that about 130 families have provided half the money raised by republican candidates so far, pretty incredible how so few people control the majority of campaign spending? >> it is incredible. i think two out of three dol

. >> i can't imagine that ellison -- >> like okay, you ragged on me in the past but it's okay with me. >> enormous, enormous deal for oracle. >> yeah. >> $500 million -- >> you know. >> that's true. it would be. >> i would sell that deal all day long in this environment. i wouldn't sell crm. i think you probably get, clearly, you're going to get a pop but i would -- once a deal is done i would sell that all day long. >> wow. that's deep. >> that's deep. >> let's think about that. and go to break. >>> still ahead, big oil, big problems, the name some traders are betting will soon cut their dividend plus meg terrell is here with a look at one biotech stock that could be in for a huge move next week. much more "fast money" still ahead. >>> welcome back, biotech, speaking of biotech, the cholesterol drug wars are starting to heat up today, as well. we're waiting for an fda decision for amgen's cholesterol drug. time for some stock therapy. meg terrell joins us, meg? >> this is a big new class of cholesterol drugs for patients that don't get far enough on st statins and lipitor and amgen i

the firm citing progress from new ceo marvin ellison and an improved merchandise mix. the target price also getting a lift to $12 a share from 10. >>> netflix shares dropping on word it is about to lose key movies like "the hunger games," "wolf of wall street" and transformers. because it decided not to renew its five-year movie licensing deal with epics, which expires at end of the december. netflix wants to focus on its own original content instead it will pay its own money for that. >>> tropical storm erika still slamming the south with heavy rains, causing flash floods along the east coast. we're live at the fox weather center with an update where the storm is heading next. gerri: you never know. president obama on his way to alaska with a historic three-day trip with a controversial renaming after national landmark, push for climate change and starring role in reality tv show? i kid you not. david: unbelievable. serena williams making u.s. open history and she hasn't even played yet. we'll tell you who is making money on the courts today. ♪ you total your brand ne

even if they didn't know what was about to happen, ellison says they could have done something to stoponce it started. >> this man is getting assaulted. i mean, he got hit 20, 21 times, and they're just standing there. >> even after the attack is over, the elderly war veteran is seen on the ground all alone. not one person remained to help. >> they didn't commit any crime, but i certainly wish there had been a crime for them to have been convicted of. >> finally, someone comes over to help simms to his feet. less than a week after the beating, police receive an anonymous tip pointing them to 22-year-old deonte bradley. they match him up with the video and arrest him. bradley pleads guilty to felony carjacking and is sentenced to at least 15 years in prison. as for leonard simms, he walks away bruised and swollen but without serious injury. his car is returned to him the next day. but there are some things his son says he'll never get back. >> i don't think it's as much fun for him anymore. my dad had an incredible sense of spirit, optimism. and then having this happen to him, that took

he also posted social many of postings about ellison parker as well that were derogatory. know specifically what he was told angry with both of these individuals. but it is clear that it was a part of a bigger problem that he had with a television station and if follows the pattern throughout his career or he'd have left many new stations because of difficult situations. >> pam: thank you, for the lives of great spirit we have been reporting. >> reporter: flanagan went to school in san francisco state and 1990's in the communications department. greta witty and 95 am radio and television technology. if he had a problem for his tenure here at the ministers are not saying they have not revealed are released any information regards to his grades as well. >> reporter: most everyone is talking about the spirit and the connection to their college careers--connection to their college. >> this kind of makes a weaker nation separate you smarter by how much you know. i was barry surprised when i saw this. >> i woke up and watch the news this morning i was just appalled with how that

. >> terrell ellison has worked the line for two years. he says he wants to square his debt to society. >> how dangerous is this work? >> it gets really bad. it's fire, you know, it's fire and you don't know what it might do. >> they are getting rehabilitated, so they're going back out to the community with a skill and likely not to commit crimes again. not all of them, but more than half. >> >> when the crews aren't working a wildfire, they work on other project, like tree topping and field reduction skills that are useful in the outside world. >> well, they're how many beings, you know, and everybody deserves a second chance. >> for these men it's a second chance that could possibly save their futures. sarah hoye, al jazeera california. >> >> the police chief from some of the nation says biggest cities have recommendations for ending the growing trend of violent crime. homicides have spiked 19% in 35 major cities this year. they called for better cooperation with communities along with better support for officers. >> the police around th

ellison francisco it's great.th her some friends, having drinks watching all the bands. >> reporter: the worst part is getting here if using a clean balance and i get tickets be aware driving here about a great idea a parking is extremely limited in most of the golden gate park roads are closed and the part about the city's streets which is always tough by day and organizers of the events are encouraging people to use public transportation carpel walk down here i do like anything but drive. public affection of save them from a lightning struck and a verdict a gun should attach election, santa clara voters who anymore. happy anniversary to me it's safeway's anniversary... happy anniversary to me but you're the one who's gonna save some serious money. happy anniversary to me right now with your club card usda choice ribeye steak is $7.99 a pound 32-ounce gatorade is 69 cents and select quaker cereal is $1.49 happy anniversary to me. safeway's huge anniversary sale! it's just better. a non >> pam: spent wrapping up j

mike ullman, who came back to be the ceo, is transitioning to marvin ellison, who is coming from homeuys talked on it. i want to mention tesla again. it is rising again after increasing the amount of its share sales. we talked about yesterday that it is unusual for a company to offer more shares, diluting value for existing shareholders unhappy stock go up, which is what happened yesterday and is happening again. the size of the offering going to 2.7 million shares. >> i want to draw attention to one more thing in nordstrom's results. nordstrom rack is growing like a weed. revenues up 13%. -- comparable sales up it suggests nordstrom's getting most of its earnings power out of more fully priced merchandise. that is a big difference from macy's, which had to discount a lot of stuff. from: it is also a change where the engine had been. rack had been the engine at nordstrom for a while. does this suggest if traders are trading up to nordstrom? unclear. at the am looking website and wondering why. what does nordstrom have that others do not? i do not get it. matter of the merchandise they

bill gates saw 3.2 billion loss and larry ellison 1.6 billion less at least on paper.hey are all involved in today's recovery. many analysts blame the turmoil on the slowdown in china. the shanghai index has dropped for four straight days. today it fell 7.6%. there's good news. chine gnaw's central bank announced, it's cutting its main interest rate. they've taken some steps to deal with the slowdowns. >> little steps. it will be an ongoing thing. >> why he -- yes. it had a huge impact yesterday. >>> starbucks is trying to serve up compacks compassion in the wake of that wall street incident yesterday. the ceo instructed baristas to be extra kind and sensitives to customers who may seem anxious about the market volatility. he may be in need of tlc. they lost 5%. that amounts to an $86 million for the ceo alone. >>> the san jose police department has a new web page to help answer frequently-asked questions about how officer- involved shootings are investigating. the page include the department's policy on use of force and the procedure for investigating police shootings

we have michael santoli of yahoo finance and david ellison, peter costas and rick santelli. david, give us a window into what it's like at your firm today. what are you doing amid this turmoil? >> we had inflows across the funds. generally, things are calm. i've been in this business 30 years, investing in banks that many years. it's the first time we had this turmoil where the banks aren't in trouble. the banks are the healthiest they've been in decades and the market's doing this. it's interesting to watch from that perspective the first time in my career. >> peter costa, do you see that playing out here? was it people as david indicated coming into the market? >> yeah. it was institutions came in, pushed the market higher. if it doesn't sustain it, we are in a soft phase. we could sell as quickly as we went up. if you look the way the market has been trading today, we could be flat or down 1,000 points again. it can happen either way. i don't know which, but it could happen. >> we are hearing two different perspectives from big-name investors out there. there is jeff gund

ellison became west, debbie gm and the midwest. this meant a lot to me. this big stack means a lot to me. i take it extremely seriously. i take our talent seriously. i take our approach to promotion and marketing seriously. i take everything seriously because that is what it has to be for all of us. it's an exciting time. it is something i hold very dear and something of painful to be apart of. >> you bring up something interesting. i program in the biggest markets and i've also programmed some small markets. i found the biggest mistake they can do is just because they're at a big station to market but somehow they know more or better than people running small stations are small markets have small people in small money. lots of talent in power in clicks. it is hard to program radio in a small town. amazing obstacles when you come in with big city ways and think you have all the answers. chris oliveira, wrapped up the big picture because it's interesting that that followed you over the years. here you are 2015 around the track a lot and you're not the same

. >> everyone loves the ceo, marvin ellison, from an prap operational perspective. back to more traditional retailing. you just said they can go 3%-plus in comp sales. why the perform rating? >> right down the income statement. okay sales growth. i still think gross margins could be a problem for them. the company tends to drive sales through aggressive price promotion so that works against gross margins. then i don't see a whole lot of opportunity here to cut costs from the sg and a-line. the net result is that, when i think about jcpenney and i think about my model, i have a difficult time seeing the company turn substantially profitable in the foreseeable future. >> thups ts the perform rating shares of jcpenney. more on that deutsche bank call in the 2:00 hour in a segment called "street talk." >>> the dow swinging in and out of correction territory. the number to watch there for the dow is 16,516. if we get back down to that level we will be back in correction territory. as for crude, that big green square at the end of your board is currently up by over 6% at

million on jeff bezos' security and oracle spent $1.5 million on larry ellison. >>> the chicago policeepartment will allow independent evaluations of its stop and frisk procedures under an agreement with the aclu. critics say the police procedures unfairly target black people. >>> kim kardashian taking this selfie with democratic candidate hillary clinton last night. she posted it to her 42 million instagram followers saying she loved hearing hillary speak and hearing her goals for the country. that's a cnbc news update at this hour. back over to you. >>> clearly the stock market is front and center for many people. it's been one hell of a week really as we look to the weekend. stocks trending lower following the jobs report. on the up side today, let's mark that though. up for the nasdaq, tech firm nvidia up 10%. viacom up 2.5%. after all the weakness we've had within the sector. keurig which has also had a lousy week managing some small bounce there. both of those stocks there are down 20% for the week. on the downside, micron technology, biogen and charter communication they see in