is it an abercrombie? where do you go that's somewhat safe but you're going to get the upside huge potential, versus macy's that's really at the high end of the range right now. >> you called out one of the top picks for 2014. we like urban outfitters for 2014. you have free people and anthropology business that are selling at full price. while urban outfitters is cleaning out the inventory. that's where the change could be. and you have the ability with cash on the balance sheet. they're investing in the future with the omni channel initiatives that they're doing. we like urban outfitters for 2014. i think asina's very interesting for 2014. maurice's, dress barn, lane bryant, small-cap name that's put people in place from opportunity to cost synergies. >> it's brian kelly. you talked about inventory management and the people that didn't do that well are going to have to clean it out. does that benefit a t.j. maxx, where they might be able to get these at a discount? >> it certainly does. we've seen the va

upgrading shares of abercrombie and fitch to a buy.tock is seeing hun gains today but can it last? shopping for retail stocks with an analyst when we come back. tr mortgage didn't start here. it began on her vacation in europe. someone stole her identity and opened some credit cards in her name. checking her experian credit report and score allowed her to better address the issue...and move right in. experian. i sense you've overpacked... your stomach. try pepto to-go. it's pepto-bismol that fits in your pocket. relief can be yours, but your peanuts are mine! ♪ of the dusty basement at 1406 35th street the old dining table at 25th and hoffman. ...and the little room above the strip mall off roble avenue. ♪ this magic moment it is the story of where every great idea begins. and of those who believed they had the power to do more. dell is honored to be part of some of the world's great stories. that began much the same way ours did. in a little dorm room -- 2713. ♪ this magic moment ♪ >>> welcome back to the halftime report. we've got th

>> i like abercrombie, exactly what things are going on with sears, abercrombie & fitch is doing wellerything you're doing. it's a total retail experience. stuart: it's on-line and that's where it's at. i've got new details on target from the data breach. it's 70 million customers whose names were breached. names, e-mails addresses stolen. 70 million. the company lowered the profit outlook as well. john, i say that stock is actually a buy. sooner or later, this is going to be out of the way and the banks will probably end up paying for this. what do you say? >> i think it's a buy, stewart. if it's not a buy here, very soon. once this clears out of the way. the worst security breach since 2005. it may be the worst of all time. target is a great company. they've lowered sales forecast for basically being flat in the fourth quarter to down 2.5%. when they do you'll be happy to buy the stock around these levels. stuart: john, please stay there. we're going back to sunny bermuda in a moment. this is without a doubt the horse race stock, intercept, the drug company, it has a drug for fat li

abercrombie & fitch was a great example. from a risk reward standpoint.ce when everybody thought. you want to be a buyer when things look absolute worst. you don't have to risk as much on the downside. >> things look the worst -- abercrombie had a little bit more than ebay. abercrombie has a little bit of an uphill battle there. >> they do, but they have stock bounce. >> but what about what is in the stores? >> i am not in the stores. i am in the stock market. from a risk we were at standpoint, there was enough to lean on. it bounced off that. it was a nice, healthy move. everybody has a negative opinion on something, it is time to look at a bullish opportunity. >> we will see. i will check back with you. great to see you in person. we will be back on the markets in 30 minutes. ♪ .. mammal look him to bloomberg, were recovered you global technology and media companies that are reshaping our world. i am emily chang, our focus is on the future of business. here live from bloomberg headquarters in new york, we are talking about the president's week speech to

. >> i'm in abercrombie. if you look at the charts, they look similar. aeropostale and abercrombie.ted to see it spike up a couple of days ago. i wanted to see how it settled back in. i bought it off that headline recording aeropostale today. >> do you think it confirms the notion there will be further -- >> there's been speculation that there will be some consolidation in the space or some activist jumps into one of these names. there were upside calls as well as some stock accumulations. >> this has been the level that abercrombie has usually had those whispers, quote/unquote, about private equity, something with the name. usually when it trades around that $30 level, that's when all of that starts gearing up. figuring i saw that headline come out an aeropostale, maybe private equity guys start to look at the whole field and see abercrombie as a more attractive candidate. >>> women hedge fund managers outpacing their male rivals in the last year. a number of hedge funds run by women return 10%, as compared to the global hedge fund index, at about 6%. karen joins us with her analys

the other according to hawai'i's governor, neil abercrombie, most don't need it. they're already covered under the state healthcare law. >> the entire thing is 15 pages, and a lot of this is describing what we intend to do. it's easy. you provide healthcare for people. we cover 90 plu 90%-plus of evee covered. >> reporter: another reason why hawai'i's healthcare law has worked is because consumers on the island have limited insurance choices. >> the insurance marketplace is two of them. they have about 80% of the insurance marketplace. that's unique. >> reporter: still despite what has been hailed as a success story governor abercrombie said hawai'i's insurance model was never duplicated because the state is viewed as a vacation land, not a template for policy. >> hawai'i in many people's eyes is still a romantic vision, it's not real. >> reporter: while that may be true, for employees at eden and love, having health insurance is not a romantic vision. it's just a way of life here in hawai'i. over the course of hawai'i's healthcare law enacted in 1974, the state h

abercrombie is down 32% over the last 52 weeks.performer and has, a long way to go to the upside to please shareholders. back to you. ashley: nicole, thanks so much. we'll be back to you at bottom of the hour. tracy: believe it or not, this stock is up on fire, up 700% in two days! none of us owns it but neither here or there. dr. manny alvarez with his take on their new promising liver disease drug. ashley: that is good news. the bad news the employer is the syrian military. don't send a resume'. story ahead in your fox news minute. but first, take a look how the u.s. dollar is moving on this day after a dreadful jobs report. the euro moving higher against the dollar but, the pound and canadian dollar moving slightly lower. we'll be right back. welcome back. how is everything? there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title. and a raise? management couldn't make that happen.

ramification for people holding abercrombie stock? >> yes.e an impact over time. >> managing partner at the retail tracker joining us in the studio, thank you so much, and stay with us. we are on the markets again in 30 minutes. "street smart" is next. ♪ ♪ >> we are here at bloomberg world headquarters in new york. and excitingpacked show. >> we have a focus in washington. let's do a data check. it is still off what we saw thursday and friday. the dow is up 93 points. that is the upper one percent getting

>> yes, as abercrombie was, but it is rare and hard to do. >> sears holding, for example. >> exactly.hey were losing market share, and it was stable. consumers are so much more aware of how to come prater -- compare prices today. >> they are more sophisticated. >> they are. they have more tools than they used to. >> we will continue the conversation with k koplovitz throughout the hour. later on, the sweet smell of success continues. i will talk with a lady who has become a leading expert in perfume. and you will learn about a special condition that she has. it helps her achieve success. ♪ >> call it the wild west, if you will. there is still a sense of manifest destiny in content creation in which young studios are hungry to take market share from those stalwart veterans. jon erlichman is our own veteran senior west coast correspondent. he witnessed sunday of this during his time at the consumer electronics show in las vegas. he joins us now from los angeles. what are the changes and who are some of the big names? who threw the best party? >> [laughter] some of them are secret, and o

, as abercrombie was, but it is rare and hard to do. >> sears holding, for example. >> exactly.hey were losing market share, and it was stable. consumers are so much more aware of how to come prater -- compare prices today. >> they are more sophisticated. >> they are. they have more tools than they used to. we will continue the conversation with k koplovitz throughout the hour. the sweet smell of success continues. i will talk with a lady who has become a leading expert in perfume. and you will learn about a special condition that she has. it helps her achieve success. ♪ >> call it the wild west, if you will. there is still a sense of content destiny in creation in which young studios are hungry to take market share from those stalwart veterans. jon erlichman is our own veteran senior west coast correspondent. he witnessed sunday of this during his time at the consumer electronics show in law set -- las vegas. he joins us now from los angeles. what are the changes and who are some of the big names? who threw the best party? >> [laughter] some of them are secret, and others not s

know that abuse to be a model for abercrombie & fitch -- adam used to be a model for abercrombie & fitch 11% after strong outlook. model, adam johnson. >> number nine is out,, falling the most in the s&p 500 after rockets missed analyst estimates. -- profits missed analyst estimates. intuitiveeight, surgical raising about eight percent. maker home furnishing being cut from neutral to buy, and the -- indicating a slowdown with them. a week forin issuing guest after showing revenue normal.s weaker than issuing revenue forecast weaker than normal. lulu lemon bouncing back from embarrassing issues. >> the see-through pants might have been more embarrassing. >> maybe more embarrassing for me. >> what was embarrassing about what chip wilson said. it you do not tell a woman that she doesn't look good, or it is her all but the pants are see through. >> he was just giving the message out to everyone so that they would know what we are all thinking. >> that was the problem. >> you do not, as ceo, say do not buy my pants if you're a certain weight. >> their action was surprising because he has been

abercrombie is raising its full-year forecast. abercrombie up by 15%, gap shares up by 2.7%.outgoing fed chairman ben bernanke is upbeat about prospects for the u.s. economy. according to democrat -- he did warn lawmakers they needed to make tough long-term decisions on budget issues and health care costs. >>> we're watching shares of alcoa this morning, reportingly quarterly profit of 4 cents a share, 2 cents below what the street was expecting. alcoa and rival aluminummakers have been dealing with stubbornly low aluminum prices. >>> new jersey governor chris christie holding a news conference saying he was blind sided, betrayed, embarrassed, saddened after e-mails linked top staffers to a plot to close bridge lanes to the gwb as a political pay back. >> i believe that all of the people who were affected by this conduct deserve this apology and that's why i'm giving it to them. i also need to apologize to them for my failure as the governor of this state, to understand the true nature of this problem sooner than i did. >> there it is. >> yes. >> yes is going to be whether --

the other, according to hawai'i's governor, kneel abercrombie, most don't need it. they're already covered under the state's simple healthcare law. >> the entire thing is 15 pages, and a lot of that is describing what we intend to do. it's easy. you provide healthcare for people. we cover 90 plu 90%-plus for ev. >> reporter: dean nubau er professor at university of hawai'i manoa said that there are limited insurance choices. >> between two, they have 80% of the insurance marketplace. and that's unique. >> reporter: despite what has been hailed as a success story governor abercrombie said hawai'i's model was never duplicated because the state is viewed as a vacation land. >> hawai'i in main people's eyes is a romantic vision, it's not real. >> reporter: while that may be true for many employees having insurance is not just a romantic vision, it's just a way of life here in hawai'i. >> hawai'i's healthcare does assess penalties to any employee what works 20 hours arrest more and that "t" could lead to the business being shut down. hawai'i's healthcare law enacted in 1

not allow it to be tracked or targeted so dhe market to your kid some new abercrombie and fitch ad or something like that and that it's secure, it could be health, behavior, all kinds of information that is nobody's business. >> i'm going to go back through those with you individually. i think as a parent, i think that the school district should have a policy on who sees my kids' information. but you're saying it don't? i wouldn't know that. >> i have four kids. we believe at common sense media that technology used wisely is a good thing. but right now there aren't clear privacy laws anywhere. this is the same thing that happened on the consumer side. you worry about those kids getting marketed on their facebook account or their instagram account and marketers sucking up their information. so in the school, right now, there's no clear statewide policy or local policy. in the vast majority of schools. it's all woefully inadequate. we need set one for all schools that makes sense. it puts the parent in charge of their child's personal data and it can only be used for educational achieve

. >> abercrombie and fitch. >> they're comps were lousy.ou stay long on this stock. $36 on the downside. >> chevron dropped down 2%. grasso? >> a series of highs and lows and it looks poise to really break out here. i would say bounce -- not break out -- but to bounce. the consensus is negative on the stock. >> we got to drop here for fake tans. pop icon paula abdul filed a personal injury lawsuit against a tanning salon, saying she suffered severe burns after the tan. an infrared body wrap was apply wrongly. >> guys, you have that issue? >> infrinfrared body wraps. >> i'm half-italian, half-sicilian. >>> time now for the final trade. >> oil. been down a lot. >> grasso? >> petroleum. >> what is your wrestling name. >> honey bomb shell. >>> that does it for us. see you next monday at 5:00. s biggest questions. like, if you could save hundreds on car insurance by making one simple call, why wouldn't you make that call? see, the only thing i can think of is that you can't get any... bars. ah, that's better. it's a beautiful view. i wonder if i

abercrombie didn't expect this. they had cut numbers so much, they finally beat them.soaring. sears, so horrendous. what can i say? and five below, i'm puzzled. i thought the five below business model was very good. i've got to rethink everything five below. i like to say, there's always a bull market somewhere, i promise to try to find it just for you here on "mad money." i'm jim cramer and i will see you tomorrow! >> narrator: in this episode of "american greed"... in grand rapids, michael vorce has money to burn. >> he was going to bars and tipping $1,000. he was buying expensive clothes, up to $20,000 at one visit. >> narrator: he drives fast cars and fast boats. >> he'd load the boat up with girls and go out and party. he was living the lifestyle. young guy, lots of money, throwing it around. >> narrator: he says he has a fleet of more than 50 luxury yachts. he has the papers to prove it. that's all he needs to con trusting bank loan offics

abercrombie will have a good morning.ill have a pretty good number. >> abercrombie, if you cut the numbers low enough, you will beat them! that's what they did. the last quarter they were saying, listen, we'll do horribly, and what happened is they did somewhat less than horribly. >> tiffany, u.s. comps up seven, the best in two years. >> some of it is me, candidly. i'm not kidding. every time somebody has a baby, i send them the silver bank, the piggy bank, but this has just been a remarkable, remarkable story. japan's turned to incredibly well run. the rich -- the rich are unhappy, it's their own fault, that's vladimir lenin, and for me and you, fitzgerald, and they shop at tiffany. >> they certainly did in the quarter. we'll talk about some of the other retailers in a moment and we'll talk live with the labor secretary tom perez about the december jobs number and the picture for jobs creation in 2014. that interview and the opening bell are just a few minutes away. and you're like. a good deal or not. looking at trueca

abercrombie & fitch up 13, 14, 15% after-hours. guidance out suggesting that 2014 will be a pretty good year not only in terms of sales and revenue but also in terms of dividend. so good news for abercrombie & fitch, meaning a big jump in shares after-hours. where we'll be watching this stock very carefully tomorrow morning, cheryl. cheryl: the whole retail sector tomorrow morning in fact. david: absolutely. cheryl: tv advertising by cigarette companies has been prohibited since 1971. last year a number of cigarette ads started to hit airwaves. david: they are not exactly cigarettes. what we're talking about e-cigarettes. electronic cigarettes. nevertheless the industry is launching an ad blitz. one company, njoy, maker of this product is advertising in the super bowl. we have craig weiss, ceo and president of njoy. great to see you again. congrats on your continued success. this product is catching fire here so to speak. did you have to get special regulatory approval to do this on the super bowl because i know there are about 40

binger wouldn't touch it with a pole, why you like abercrombie & fit fitch?know, look, we have value instincts as well, and last year a & f had a difficult year. a nice valuation, turnaround play, pressure on management. the initial founder to fix this company. they're working on all of those things that are supposed to fix it. you know, the last week or so they came out with an announcement that said, hey, you know what? our earnings expectations for 2014 are higher than everybody's expecting and we're actually surprised on the upside. so it's had a nice 10% or 12% pop. look, it's a tough retail name. it's clearly -- an idea of bottom fishing. i like to compare jcpenney and ambercrombie. further along and not so badly broken. we generally like the idea. right now the execution is, more on ambercrombie's camp. >> mike and mike, thank you for joining ug. >> thank you. >>> two key pieces of housing date tat. foreclosures, a six-year low. and home builder's confidence dipping after a big jump in december. diana olick is here to put it all together. two debt pris

abercrombie didn't expect this. they had cut numbers so much, they finally beat them.i say? and five below, i'm puzzled. i thought the five below business model was very good. i've got to rethink everything five below. i like to say, there's always a bull market somewhere, i promise to try to find it just for you here on mad mu"mad money." i'm jim cramer and i will see you tomorrow! >>> i've come out here today to apologize to the people of new jersey. i apologize to the people of ft. lee and i apologize to the members of the state legislature. i am embarrassed and humiliated by the conduct of some of the people on my team. >> chris christie saved his career by taking full responsibility for the bridge closing during a marathon two-hour news conference. he traveled all the way to ft. lee to apologize to the citizens and to

five below, sears, abercrombie & fitch, the gap. there is probably more. but we take the whole segment. let's get right to it with jan, who will stick with us, and our friend, street.com columnist herb greenberg. here's my problem. when i see a stock move 5%, 8%, 12% up or down, what it says to me is that retailer for either good or bad didn't understand their business, had no visibility to the customer or wall street was completely off for some reason despite all the guidance given. i don't like to see the big moves because it tells me they don't know what's going on. >> well, yes and no. you can look at -- >> give me yes. >> and no. abercrombie, you can look and simply say you have a desperate ceo, he's coming out just as jim cramer was saying this morning, it didn't take much to do this so people will be looking when the numbers are filed and looking then at the 10q to see what the quality of those earnings are, how he had to cut numbers to get there. if you look at a five below, that's another interesting issue. remember, i often ask why is it the shor

embattled teen clothier abercrombie and fitch is separating its chairman and ceo roles. this comes after p-r gaffes by ceo michael jeffries and three quarters of declining sales. jeffries was given a new contract that goes into effect february first -- with a base salary of $1.5 million. activist investor engaged capital has been urging the clothing retailer to get a new ceo home prices were up in november while sales slowed down in december. prices in 20 u-s cities increased nearly 14% in november and when compared to a year ago that was the biggest leap in almost 8 years-- according to a new case- schiller report. data from the u-s census bureau show new-home sales dropped by 7% in december. some economists are argue the extremely cold winter is effecting sales. ford calls it one of the best years yet. in earnings news...ford tells investors it's results are exceeding expectations, and it will share the wealth with workers, sending out checks averaging 88 hundred dollars. comcast reported in higher revenues and says it will raise its dividend as it adds more customers.

struggling teen retailer abercromb abercrombie and fitch said holiday sales are higher than expected and expects ongoing cost reduction efforts to help results. shares surged after hours as you see on that dramatic chart. through the regular session the stock was slightly higher, finishing at $33.21. >>> and reports of strong december traffic helped lift shares of american airlines and united continental. both airline operators benefitted from a late thanksgiving which meant more passengers traveling for the holiday were flying in december when the weekend ended on december 1. united was surprisingly helped by canceled flights in december. that's because they squeezed the same number of passengers on fewer aircraft. united also said they expect fourth quarter traffic and capacity to increase. shares of american airlines up 6.5%. $29.42 to close there. shares of united continental rose more than 6.5% to $43.80. >>> now that the holidays are over, some credit card customers are getting their bills and they're seeing something new on those monthly statements. something that could help t

because a lot of stocks have had big moves, but there are stocks that have pullbacks that look ugly---abercrombie & fitch, whole foods. those are stocks that have had pullbacks that from a risk-reward standpoint might be at a level to buy and lean on some support levels. > >thank you for helping us out all year long, alan. it was also an impressive year for ipos. popular restaurants and hot spots debuted stock in the market. and in some cases shares more than doubled in the opening day of trade including:potbelly,the container store, and twitter.2013 goes down in the books among the busiest for initial public offerings since the year 2000.and now, the show gears up with chuck coppolla taking us to the streets for some tasty american ingenuity. from coast to coast street vendors popped up with food a- la-carte.you can count on a few things with food trucks.you'll never be asked, "is it for here or to go?" but getting started on the ground floor of this business does come at cost. dan salls says most people will need about 60-thousand dollars..for the truck, outfitting it for cooking and all of the

abercrombie has been a bit of a disaster. >> yeah. even though it's up this month. thanks very much. we appreciate it. now to the luxury side of the story. robert frank, how vulnerable are the lux names? >> this is a big warning sign. the very top of the luxury business was supposed to be immune from these economic troubles but it's quietly imploding, especially in china. lvmh, the paris luxury conglomerate reporting that china revenue growth falling by more than 50% from 2012 and profits in the critical fashion and leather unit, they of course make fendi bags, those fell 4%. ferragamo saw its share of price fall 7% yesterday after asian revenue growth fell by more than half. analysts telling me we have really reached a turning point in china. the luxury industry has been betting all of its growth on china. now it's turning back to the u.s., even to europe. if we look at a report from a holding group today, big growth in the $1.8 trillion luxury industry will mainly be in the u.s. cities that may have in fact a shortage of luxury stores leading the list, new york fo

number two, not allow it to be tracked or targeted so they can market your kid from abercrombie & fitchd, or something like that. and third, that it's retained and secure, so that other people can't get access to it. it could be health, it could be behavior, all sorts of personal information that's nobody else's business. >> i want to go back to you with those individually. i think as a parent, i think that the school district should have a policy on who sees my kid's information. but you're saying it doesn't? i wouldn't know that. >> jessica, i've got four kids, right? i think about this all the time, too. we believe that common sense media, that the technology used wisely can be a really positive thing for schools and education. but, right now, there aren't clear privacy policies anywhere. this happened on the consumer side also. you've got two kids, you worry about those kids getting on their instagram or facebook account, and advertisers sucking up their information. so in the school, right now, there are -- there's no clear statewide policy or local policy in the vast majority of s

and are fortunes turning around for abercrombie and fitch? hares jumped 15% last night in heavy volume after the retailer raised its outlook. based on strong sales at the end of the year.. charles moon from trading advantages good to go this morning to talk with us about the jobs number expected today. 200 thousand jobs expected to be added to payrolls. so charles, what do you think here? > > i expect, you know, you look at the adp as a precursor to the nonfarm and the adp beat was pretty decent so i expect the same. i expect a beat on non-farm. as far as in relation to the market we'll see how that really translates. we press lower off the adp news and that forms c minutes. so we'll see if that's the same type of reaction. it's been a mixed bag as of late. reaction has been, frankly, bouncing back and forth so we'll see how the market will react off of the news early on. > > well the market was definitely reacting to news from el quoa's earnings after the close last night. that stock selling off after an earnings miss. will that be a predict

. >> we have seen many examples of this -- pat robertson on duck dynasty, abercrombie & fitch -- go allay back to the dixie chicks where we say things that we might get misinterpreted sometimes were that are inappropriate or sometimes we say things we believe in the impact that does have on our personal brand and the impact they have on business. i don't think we'll ever see the full extent, especially with social media. people being turned down for scholarships because they are seen on facebook drinking. we have to watch out for these kinds of things. your personal branding will be very important for this upcoming year. >> what might happen is kind of the opposite, once we can see everyone's warts, which everyone has the cake stand pictures, we become more entered to that and don't have that kind of reaction. the business impact of the technological sharing doesn't have the same impact as it would because it would guess where? >> that could be, but i think what we will be finding is a brand is a promise. i've said this consistently on this show and other bloomberg shows. if you are mak

stuart: abercrombie & fitch separates the roles of chairman and ceo. the market loves it.here are so many people who have had a major problem with mike jeffreys who held this role as chairman and head of the company, ceo since '96. so now they love the fact they're stripping him of this title. gauge capital, for example, wanted him out altogether because they've been struggling. they've had declining sale, and so now it'll be interesting to see if there'll be some significant changes that they are eluding to, and the stock is jumping. stuart: this is the charles payne principle, isn't it? you shift the ceo or the chairman, and the stock reacts. up or down, but in this case it's going up because they didn't like this guy. >> the guy said he didn't want fat people wearing his clothes. are you kidding me? are you nuts? i'm selling clothes, i want everybody to wear them. fat people can be cool. hey, listen, this should have happened a long time ago. by the way, they brought three new board members, too, including arthur martinez, he's got a good reputation on the street. they

one year abercrombie & fitch is hot and then it's not.lers, these big tech names, i don't think they will fall apart sort of like the uncool retailer today, but, it is a competitive, competition, that's what we love. tracy: also the wave of the future, right, nicole? the phone is not going anywhere. i can take or leave american eagle and abercrombie and most teens. you will still need the phone. still need the ipad. will need something really cool in this stingray, that adam shapiro was talking about earlier in the last hour. that is where we're going, right? >> i mean there are some areas that are just more safe than others. that becomes quite evident, particularly during tougher economic times, right? so that is something you watch as well. just to demonstrate, charles payne's point, sorry for radio listeners, here is the big michael kors watch, our producer liz here, that liz here wears, but guess what? she didn't own the stock either. it's a bummer but she loves working here at new york stock exchange. that is the point, right? you ha

american eagle, abercrombie & fitch, aeropostal, they're all to the downside.an intense industry, but the departure of this ceo is, obviously, very telling. and at the same time abercrombie & fitch is looking for division heads, so i'm sure there's only a small pool of folks who can run these things. back to you. cheryl: thank you so much, nicole. dennis: what's bugging me is hypocrisy in davos. this week hordes of ceos and politicians, activists and celebrities and the media descended on davos, switzerland, for the world economic forum, the most powerful gathering in the world. officially, they're there to ponder global threats; war, climate change, water scarcity, financial collapse. but to hear the nonprofit wef organizers tell it, the biggest threat in the next decade is income inequality. it is the mean of the -- people of the moment. bernie sanders, president obama, new york mayor bill de blasio and now wef. right, gather the world's richest and most powerful, charge them huge sums to attend, feed them champagne and 100-year-old bottles of wine at google

abercrombie and fitch has started to come back.aw the crowd and have the brand. he will be strong going into 2014. there is any kind of glitch. >> if you talk to anyone in the i.t. business, they will say in 2012, they're almost 11 billion. and we don't have the numbers for 2013. so i don't see this going awayy3 anytime soon. if we could get a pullback, remember that we have a market that is 840 plus days. we haven't had a 10% correction. we are overdue. gerri: we are looking at gdp of maybe 3% of people are excited about that. >> the price equities are not good. they don't correlate. over time and you'll you will get great businesses trading at cheap prices. it's also the potential that is out there. there is opportunity in biotech and and the banks and the financial services in the base can actually be more profitable. >> i think the second part of the year is going to be more interesting. gerri: by the postal unions are up in arms over a new situation. and jessica alba is here to talk about her latest venture. don't go away acro

the other according to hawaii's governor neil a abercrombie, people don't need it. >> about 15 pages a lot of that is describing what we intend to do. it's easy. you provide health care for people. we cover any-plus percent of everybody. if you are working you're covered. >> dean newberg, from the university of hawaii at manoa, isays that the reason they're covered: >> the insurance coverage is are essentially a duopoly. >> despite what's been hailed as a success story, hawaii's health insurance model was 97 duplicated because the state is viewed as a vacation land not a template for policy. >> hawaii's still in many people's eyes a romantic vision, it's not real. >> and while that may be true for employees at eden and love, having health insurance is not a romantic vision, it's just a way of life here in hawaii. since the law was enacted, hawaii has maintained an assured population of well over 90%. jonathan. >> thank you jennifer. vladimir putin talked to city leaders about tightening security. a day after he pledged to defeat terrorism in his new year's address. killed 34 people a

jeffries upgraded american eagle and urban outfitters to buy, cutting abercrombie & fitch and aeropostale for a while -- stocks are trading to the downside, falling, after hitting all-time highs over and over again in 2013. so where are the markets headed now in the new year? we'll tell you in a moment. >>> plus, the entire northeast is on blizzard watch. a massive storm is working its way towards the east coast, threatening to dump some very heavy snow on boston and new york. we'll go live on the ground to give you an inside look. >>> also ahead, now that marijuana is legal, recreationally in colorado, "the denver post" is unrolling a whole new way to cover this budding business. the paper is starting what it calls its own "pot culture" website, appropriately named the cannabist. we'll go behind the green with its editor in a few minutes. >>> who needs a smartwatch when you can have the smartbra? yes, it's one of the new products when it comes to the future of wearable technology. yes, we've got one here on the set. we'll show it to you later this hour. no, it's not currently on the set

i mean, abercrombie did report a good quarter, but if you completely -- guide down, guide down, guide down, you will eventually beat your quarter although even jcpenney has found that a hard way to do things. they need to separate if only because they had really bad gave nance. are you allowed to say someone didn't do that job of a company? >> i remember having covered him in chicago in the '90s, it was not a -- not a hall of fame. >> you are never allowed to say someone's mediocre because that would be saying, like, for instance, the cleveland browns are mediocre if you live in cleveland, it's all you got. >> the opening bell about four minutes away. "squawk on the street" will be right back. don't wait for presidents' day to save on a new mattress. sleep train's presidents' day sale is on now. save up to $500 on beautyrest and posturepedic. get a sealy queen set for just $399. even get 3 years interest-free financing on tempur-pedic. plus, free delivery, set-up, and removal of your old set. keep more presidents in your wallet. sleep train's presidents' day sale is on now. superior s

they sang -- [ singing ] ♪ i like girls that wear abercrombie ♪ [ speaking ] anyways, i met those guysually ended up doing a show with them. i rapped on stage when i was like 9 years old. >> jimmy: no. >> yeah, yeah. >> jimmy: no way. i wonder if there's footage of that. send it over immediately. [ cheers and applause ] i've really got to find it. i would love to see that. >> i would die to see it. >> jimmy: that is so cool. >> i would die to see it. >> jimmy: now, i have a photo here. first of all, look, the cover of "people" magazine. it's all over the place because this is what the people are talking about. [ cheers and applause ] >> a lot of photo shop. >> jimmy: how's jennifer lawrence? there's something with her. she's nuts. i know jennifer lawrence and she's crazy. >> here's the thing -- >> jimmy: what is she doing here at the red carpet? >> she's very clearly attacking me. [ laughter ] >> jimmy: yeah, she is. yes, she does that. >> and liam thinks it's hilarious because he's tall enough to defend himself against it. >> jimmy: yeah, exactly. what is she attacking you for? >> jus

he was voted most likely to stand shirtless outside of abercrombie even though he doesn't work there.in. come on in. we got a sale on jeans. you ever microwave a burrito? next from the 49ers, we've got phil dawson. he was voted most likely to look the same without skin. that's very interesting. [ applause ] >> steve: what? what? >> jimmy: i don't know. i don't know. they vote for them. >> steve: yeah, they vote for them. yeah, you don't vote for them. it's most likely. >> jimmy: most likely. >> steve: it doesn't -- these things don't have to happen. >> jimmy: next from the denver broncos is star quarterback peyton manning. [ cheers and applause ] he was voted most ideas. oh, that's interesting. next from the 49ers we have adam snyder who was voted most likely to consider a rock a tool. >> steve: me hit. ♪ dude try a burrito. rock. ♪ >> jimmy: that's what we do with this burrito. and finally from the 49ers we have joe looney. he was voted most clogged shower drain. there you go. those are nfl superlatives. we have a great show tonight. give it up for the roots! [ cheers and applause ]

do keep in mind in the same call, the analyst downgraded abercrombie & fitch, can't catch a break, andle. >>> we've also got sprint being cut to market perform. >> yeah, it's a valuation call. the stock's down about 4% right now. they expect network and marketing changes to improve, but they think the stock is certainly just currently ahead of where it should be. the stock rose by nearly 90% over the past 12 months. and i hate these kind of calls. the analyst raised the target price, but the increased price is still $2 below the current stock price. don't do that. >> yeah, don't do that. at least 2 bucks above the current price. molina health care. >> and molina, moh, up 4% today, $1.46, a california-based health insurer, outperformed a $50 target. that is a 41% upside from where it's at now. trades at 19 times earnings. pay attention to that. still, big call at wedbush. >>> the under-the-radar pick we've got today is ascena retail group. >> herb greenberg's. upgraded by goldman sachs. their target increased 2.30. at a current price of $22 exactly, that's 30% upside seen by goldman on

check out shares of abercrombie & fitch. at session highs, up about 5.5% after the company said it separated the rules of chairman and chief executive officer. the company also abandoned a plan aimed at blocking hostile buyouts. the company did say mike jeffries will continue to be the chief executive while the former ceo of sears, arthur martinez, has been appointed nonexecutive chairman. sue? >> thank you very much. >>> if you live in the southeast, you already know it's a mess today. if you're traveling there today, think again. this video from alexandria, louisiana, bridges, roads, i-49, all shut tight. then there's the cold. it is freezing. here's the weather channel's alex wilson. >> winter weather advisories and winter storm warnings posted along the gulf coast and the southeast coast. we have an ice storm warning around the savannah area. going to be watching for significant icing accumulations in spots like savannah and charleston. snow showers further to the north, closer to the coast is where we have the wintry mi

. >> yes, governor abercrombie always is wearing a lei. high priority with calls for new spending, access to prekindergarten and career and technical training. he's going to call for universal pre-k, something he did in 2013. ten states currently fund universal full-day kindergarten, a separate issue. it still doesn't happen. we're talking about pre-k. we haven't fully funded kindergarten around the country. and drew cuomo said the state can foot the bill, and de blasio wants to raise taxes on the wealthy to pay for it. not sitting well with the more center-left governor of the state. it's not just expanded pre-k. in kansas, the governor proposed $80 million expansion, and while his administration is in a high-profile battle with the courts over the state's obligation to fund public education in general, that may be triggering why he's focusing on that now. in the states, you have other proposals. arizona's jan brewer rebrand pay for performance funding, something the state rejected last year. brewer's new plan would tie a percentage of th

company trying to redefine itself, abercrombie & fitch.ike they're going to split the role of chairman and ceo. michael jeffries has been both and now he's just going to be the ceo. the chairman will be arthur martinez, the former chairman over at sears and they are also eliminating the shareholder rights plan and this is happening two months after engaged capital says you need a new ceo and you might want to think about selling yourself off to private act the. the shareholder rights plan in theory paves the way. michael jeffries is the ceo, if -- remember >> this guy has had a lot of oh talks. -- a lot of botox. [laughter] >> michael jeffries likes all of his models and he likes the flight attendants to wear very specific outfits into spritz a&f cologne.th >> you cannot make this up. teens aren't buying clothes. they don't have jobs. the concern is that they have not differentiated themselves. the analysts in the community are looking at urban outfitters to get more interesting stuff. >> intimidating to go into the store. >> everybody is

we draw your attention to abercrombie & fitch in this otherwise down day, up more than 10%, almost 11%der armour also doing very nicely today, in part on news that the company has signed a deal with notre dame to supply athletic apparel to the fighting irish. mary thompson will be happy to hear that. been an interesting week, folks. thank you for joining us on "power lunch." that will do it for a friday. >> have a great weekend. ty and i will see you monday. "street signs" begins right now. >>> just how safe is your money? the target credit card breach growing even larger. what you need to know and more importantly, what you need to do. hello, everybody. it is an absolutely jam-packed friday. we are also going to dig into why so many retailers apparently have no clue as to how their business is doing. >>> an investor who made a mint on one biotech name will give you his single best idea right now. >>> and legendary investor bill gross on where he is investing. if that's not enough to keep the

. >> michael jefferys of abercrombie, that stuff has had tough sledding. think perhaps a private equity company might be taking a big stake in this company if he can't it turn it around. >> not only problems with sales but mike jeffreys is pretty ecentury, said things that have damaged the company brand and there is an activist investor. the fact that they renewed his contract but you never know when you wake up and suddenly the activist investors have gotten together and will own a large share your company. >> i was surprised by the next ceo, marisa mayer of yahoo! on the list, made 29 acquisitions, and she's gotten some praise certainly from investors because the stock performance as you can see from the chart has been pretty exceptional. why did she make the list? >> in their core advertising business people aren't seeing the kind of improvement they want to see. obviously a lot of ceo turnover and this might be an impossible thing to do. the pressure is going to be on for her this year to shore up that advertising. >> they have that stake in alibaba, c

abercrombie renewed his contract, at least chip will decide.ink it is the tale wagging the dog. he will still be pointless strings. stuart: suppose the company would turn around and say yes, yoga is for everyone and ladies who have large thighs look good in lululemon pants, would that make you happy? >> just accept and what it is they do and not trying to use yoga and say that is what yoga is what makes me happy. i would love a real apology from chip. i want him to call me up. stuart: maybe he will after this. >> i would like that. stuart: my take on the party for the elites is next. but first, what with the fourth anniversary special be without some highlights from charles payne himself? look at this. charles: lets get that straight, i'm already in it, up hundreds of a percent, making tons of money, i happen to like chicken and color green. i like big mac. that is what i like, leave me alone, i'm not an idiot, i am not stupid. stuart: listen to this, please. temper patek was a horrible thing that we sent back. charles: i am a little nervous no

abercrombie & fitch is up after boosting its forecast.r $1.65 inng to be $1.55- the nine week comp sales up. up in the after-hours after boosting the forecast. trish, back to you. >> thank you. now to the big story, the future of the nsa. president obama met to discuss how to implement change at the agency and it was one day after meeting with the board, the president needs to determine what to do with the controversy. let's bring in our roundtable. jim woolsey, former cia director . we can see announcement as early as next week. what will it look like yoe? >> i hope the president does not listen to the people who have and calling for amnesty. that is just red meat for trying to make money from turning it loose or ingratiating himself in some way. once theym to act release classified information, they can hold on to it and it will not go to hezbollah or al qaeda or nice people watching the evening news on television. that's not true. once you've turned it loose to anybody, you've turned it loose to terrorists. naÏvetÉ aboutof this. people

abercrombie got $3. amazon planning to ship product before you place the order.k and $402 a share. blackberry surging, the defense department says the company smart phone will capture 90% of the devices in one of its networks. it has 6%. new kind of car service next. sometimes they just drop in. always obvious. cme group can help you nigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader poibilities. cme group: how the world advances. stuart: johnson and johnson stock is lower. the blade obamacare and medical device tax. how bad is it? >> that is only part of it, down 2-1/4%. the outlook here, guidance a little bit lower than people expected. pharma sales, the growth in that momentum may fall back a little bit, growth in medical devices and consumer products. stuart: they are blaming obamacare in part. charles: they mention the affordable care act several times and that is one of the reasons for the guidance. stuart: the dow stock is down, taking 14 points off the dow industrials, down 43 points. dr -- charles

by the way, did you see on friday who did that pretty successfully, abercrombie & fitch. 230 to 1 and hey, we're going to make a buck 50, oh. >> and that's lowered the bar enough so that caterpillar-- >> give us right here, we love having you in the studio. what are you looking for in the market this year. >> single digit return, total return, high single digit numbers, 5, 6, 7, 8, 9, couple of points in dividends, rest of capital gains and a lot of volatility. we have some shock, a lot of volatility. charles: i think we're there. >> a rocky year. charles: we're already seeing some of that. david, thank you. >> thank you. charles: first target and knew neiman marcus, hackers stealing addresses, phone numbers, but they may not be the only stores affecting. reuters is reporting that data was stolen from at least another three well-known retailers which just hasn't been publicly disclosed yet. liz, i want to get back to you on this. this is a gigantic story growing by leaps and bounds liz: it is and law enforcement is repeatedly telling us at fox business and we've been in t