terry lundgren offering one to steve and it's arrived.tly sad. >> you should be angry. i'm wearing this red velvet jacket. it's so nice and soft. >> where's mine? i wanted one too. >> and it's a slim fit. >> and i thought we had a deal where you were going to do it and i was going to do it and then you bailed on me. >> he didn't send me one. terry bailed on me. >> terry, thank you very much. >> it looks great. steef, it's very hugh hefner. >> i never would have thought myself in velvet at all. >> in the modern day now. >> is this the thing they do. is it good quality velvet. >> it is. >> i have to talk to our ethics people whether or not i can accept this. >> it's only 60 bucks, pay for it. >> is it within our rules? i'm going to leave the tag on. >> you have to wear it christmas also. >> okay. >> we know who terry's favorite is. >> thank you, terry. >> let's check in with morgan brennan. she's live at jcpenney's. >> reporter: good morning. happy day after thanksgiving. so we're inside jcpenney and thanksgiving has been good to jcpenney a

oh, that's terry lundgren. hi, how are you?he guy looks at me, it was pierce brosnan. >> wow. >> i confused them. >> you know what? >> you've been in financial journalism too long. these people are your celebrities. >> we've always said that about terry lundgren. >> the most handsome ceo? >> in the comic books before the guy becomes the superhero, he's in a normal suit. >> maybe terry lundgren is retiring to be the next bond. >> not bad. >> whoa kn knows. >> also expecting results from kohl's and ralph lauren. we don't need to do this, he will come on. we'll hear from disney, michael koors and nordstrom. we don't lose anything when we have phil orlando on instead of terry lundgren. >> what? >> thank you. >> you're welcome. the knee-jerk selloff. the trufull blown rally began yesterday and continues this morning. phil orlando, chief equity strategist from federated joins us. a lot of people were wrong. a lot of people who come on cnbc, their story was his speech was so different than trump the candidate. that's why the market --

c-e-o terry lundgren says macy's has no plans to restore it now that the election is over.he told c-n-b-c if hillary clinton had a suit line, they wouldn't carry that either -- because it's not a political company.macy's still carries ivanka trump's line of clothing and accessories. 3 the election is over ...but the race is on.... for some vendors to sell off their c-n-n noticed quite a bit of hillary clinton-related items selling for 50-percent off at an aiport store. an area student waited six months for this! this!cheering cheering marquette high school senior jack bekos appeared on teen jeopardy last night--right here on cbs 58.a "st. patrick's day sized crowd" packed "o'donoghue's pub" in his hoemtown of elm grove.in the end -- he won five-thousand dollars and finished second. reporter: what was the hardest part? jack bekos, jeopardy! contestant: getting that buzzer. i tried my best. i answered a bunch of good questi! questions! 3 you'll have to watch today on cbs 58-- where jeopardy airs weeknights at 6... if you're wondering what it takes to be a "jeopardy whiz kid" -- tune in toda

. >> terry lundgren sent it from macy's. i didn't know it was hip. did you know it was in? remember what george on "seinfeld" said about velvet? he wants to be ensconced in velvet. remember that? >> yeah. >> which i had to give back according to our conflict of interest rules. look andrew's waving. >> andrew joins us with a special guest in washington. >> i'm going to try to find a trinket in washington for you. so you got to think about what you want. >> a little donkey pin. >> i'll bring you that. >> you got a bunch of those anyway. >> i'm sorry. all morning we've been focusing on the trump transition, how it might impact the economy. one of the issues he promised to tackle is health care. to head the department of health and human services. for more on the future of health care and so much more, i'm joined by wyoming senator. you were in wyoming over the weekend. but in afghanistan for thanksgiving. >> thanksgiving with the troops. the wyoming national guard. we have our army national guard there. had a chance to visit with them, talk about what's happening there. it was

." >>> let'sri terry lundgren. this is a tradition for you and macy's. >> this is my favorite day of the year. but it is just so special we have our 90th anniversary of our parade. it was started by our employees. it is a tradition for our company and it is great to be here once again to celebrate. my family's here. big gathering. lots fun today. >> you talk about your employees. they are here in every capacity >> we have more than 8,000 people working the parade today. imagine that. the large majority are employees who volunteer every year. once they do it, they can't get enough. they're holding balloons, they're acting as clowns, they're sweeping the streets behk?(hind horses. they're doing everything -- every imaginal job. it is just a family fun day. >> all week long we've been getting a sneak preview of some of the balloons. there's always something bigger and better every year. how involved do you get? areou checking it out? is this something you really get into? >> the deal is, when you have 160,000 employee

terry lundgren will join us from the heart of the city with his flagship store, tell us how it's goingblack friday, as is jerry stewart, the ceo of hudson's bay, they control lord&taylor. discuss the markets and the huge rally still ongoing, and talking about the economist magazine told italians to vote no in the referendum. >> i did not see that. >> we'll discuss that. >> and also a good op-ed from mario monti in the financial times saying the same thing. some nuances that the referendum is offering -- >> here's the thing, everyone says if they vote no, it's the end of the world as we know it, which generally means lately that it's probably not. >> it's a buying opportunity according to brexit. >> great stuff. "squawk box" in ten minutes. >>> still to come, more on the shopping mayhem. first a check on the futures market. things are strong. this resilient record rally continues. >>> welcome back to "worldwide exchange." we are well into black friday at 5:52 a.m. on the east coast when everyone is supposed to be out shopping, so are they? jay gray joins us from jersey city, new jersey

so, we get to talk to macy's ceo terry lundgren this morning. >> good morning, brooke. >> you know, i remember being 13 and my parents took me to new york city for the very first time and i saw the parade and i made them take me to macy's because it's just so famous and so well respected. so, when you look at all the people cramming through your doors, how many thousands of people have you seen so far? >> well, i was here last night when you saw those big rush of people coming in. that was just one door, by the way. we have multiple doors here. we counted 16,000 people outside of macy's for an hour prior to our opening waiting to get in in light rain, by the way. so, it's just unbelievable. you know, we think about it it's a time when you've gotten off the couch and you finished a big meal and you want to do something with the family. walk off some of the turkey and what better way to do it than right here. we saw a lot of that last night. >> terry, what are the top three items that people are racing for? >> okay. so, fragrances is a big deal. a

here's what macy's terry lundgren said earlier on "squawk box." >> on a value day like today they'reoing to buy. they're not going to wonder and wait, will it be there tomorrow, will it be there when i buy it online the next day. so here it's clearly an urgent response and reaction. so that's why they're here buying. but that combination of using technology and the experience of being inside the store is the way consumers are shopping today and will continue to be so in the future. >> we're going to have a live interview later this morning with target's ceo brian cornell. that will be towards the end of this hour. of course you may see a lot of the target pageantry and signage behind us. they're sponsoring a little bit of a holiday spectacular right here at the nyse this morning. >> yeah, he'll be ringing the bell. the mood is upbeat, wouldn't you say? we saw that in the consumer confidence numbers that we got in the end of -- i guess we got it on wednesday before the holiday. and there's high expectations for consumers to come out and spend. whether it's the election being behind us

going to be as they say interesting times sfoop well, certainly this morning on "squawk box," terry lundgren, the ceo of macy's, said he hopes to be a beneficiary of some of that optimism going into the holiday season, their inventory is at the optimal point and people appear to be ready to spend. >> good he's viewing that way because again another great american company that trump took a serious shot at so it will be interesting to see what happens there as well. >> i'm making a list of the trump grudge stuff. amazon, apple, starbucks, ford, utx -- there are a lot in there. when we come back, we'll talk more about business leaders from silicon valley to wall street reacting to president-elect trump's surprise victory. we'll talk to former aufls depot and autozone ceo steve odlan. we'll talk to liberty ceo greg maffei. we continue to await pictures as president-elect trump makes his first visit to the oval office. you got here? this bad boy is a mobile trading desk so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right?

. >>> joining us now on what's one of the busiest shopping days of year is the ceo of macy's, terry lundgren. stores? >> well, first of all, paula, we're the third largest online company in america in our category. it's only behind amazon and walmart. so we're getting our share there as well. but if you saw the crowds here last night, i was here at herald square as well, when we opened at 5:00 p.m. and had 16,000 people into the building. i think they're coming for that tactile experience and getting their hands on great deals. >> so many that shop exclusively online, though, terry. for those that are planning on shopping online how can you lure them? what can you tell them? how can you convince them to come into the brick and mortar store? >> well, first of all, as i said we're so huge online it's a massive part of our business but that's not how the customers typically shop, paula. the truth is the average customer today starts with their phone, does their research, comes into a brick environment and then makes a decision. they are either buying it in the online. so that omni chapel consum

this morning on "squawk box," terry lundgren was optimistic saying there was 16,000 people in line at i talked to a number of analysts that are seeing some more mixed pictures. store execution, particularly at walmart, is better than ever. but that mall traffic is lighter than he's ever remembered seeing on a black friday. at least so far. deutsche bank's paul trussle said he and his team think shoppers seem to be holding back a little bit or not in such a rush to open up their wallets and spend. but he does think that target and jcpenney have a strong opening and that kohl's got better throughout the night, with 10:00 being the best hour for that department store. now, deutsche bank and mkm partners analyst roxanne myer said they are seeing some strong positive signs at l brands, victoria's secret and pink, there is a significant uptick in traffic in those stores as well as the number of bags that they're seeing walking out. the problem is the discounts are deeper, so watch for that margin when we get numbers to see what happened there. but so far there are a lot of good signs, we ju

. >> terry lundgren told the story of starting to get very easy comparisons.ood story about how hil dprks iger's having good numbers. those of us sat down and looked at taxes under trump. >> yeah. >> ordered that kitchen redesign. >> there you go. spending. >> she's been wanting to do that kitchen for the last eight years. >> see that? didn't know that was coming. >> home depot i think is going to -- harold tome is the best cfo and she's going to be on that call and tell you about more household information, she's going to give you a tale, i believe, which says there's still going to be spending for homes which a lot of people felt hasn't and fang is going to go there too. fang is hurting. >> mentor graphics not hurting up 18.5% on this deal to be acquired by siemens. $37.25 a share in cash, about a 21% premium to the prior close on the company. stock price represents about 21 times 2017 estimated earnings for this company. it does appear to be a bit of a premium at least to the rest of the group. take a look at cadence design, take a look at synopsis if you w

terry lundgren, we're talking about every single spectrum here. it's positive.on't want to go too crazy, obviously, but it's positive. >> speaking of positive, that's the opening bell and look at the s&p at the big board again, speaking of positive. the nyse congratulating the chicago cubs on their world series victory. over at the nasdaq hostess brands maker of twinkies, ding dongs, hohos, got listing over there. >> at a certain point i don't think we're going to go full hog on the old days, but darn, that stuff tastes good. >> tasty cakes or hostess. >> tasty cakes and pies, i'm a candy guy from way back. >> we know your general take on strong opens, gap's higher, jim. >> yeah. and i don't like them because it just shows you have a lot of buyers coming in and they may not get the best prices. look for stuff that is not necessarily up, or that should be up a little bit more than you expect. but the main thing is watch these banks. because they have the potential to be the largest part of the s&p that could really lead us. and then look for tech that's down a lo

companies that i think that have worked under the more poorly under the dollar if you speak to terry lundgren's, tiffany has done poorly, the airlines, travel, but people are completely ignoring that. we'll be through a period where we ignore things in a couple of days, i think. >> you just mentioned the airlines. we'll have the former continental ceo gordon bethune with his take on the airline industry. this as warren buffett's berkshire makes a bet on the sector. not that big a bet in terms of dollars. carl has that exclusive with ge chairman and ceo jeffrey immelt on everything from the trump presidency to the global trade picture. you're going to want to hear it. we're back after this. ♪ mapping the oceans. where we explore. protecting biodiversity. everywhere we work. defeating malaria. improving energy efficiency. developing more clean burning natural gas. my job? my job at exxonmobil? turning algae into biofuels. reducing energy poverty in the developing world. making cars go further with less. fueling the global economy. and you thought we just made the gas. ♪ energy lives here. appro