landon dowdy has three things to watch in abercrombie's report. good morning. >> good morning. the street is looking for earnings of 21 cents a share on revenue of $831 million. beyond those numbers, here's the three things to watch. first traffic and same-store sales. the teen retailer cited traffic headwinds in the domestic mall business and a significant drop off in tourism. investors will wanted to see if this trend continued in the quaushter and what abercrombie expects for the holiday season. the branding, the hollister brand has been losing steam, however they feature denim and other basics. in may, the company expected better results in the back half of the year. the third thing to watch, the one bright spot is its digital performance. direct sales grew, and can they continue that online sales growth. shares of abercrombie are down about 25% over the past three months. >>> in corporate news, volkswagen plans to cut 30,000 jobs worldwide. the automaker is looking to cut costs as it tries to recover from the diesel emissions scandal. the company says 23,000 cuts will come

so i was surprised that it wasn't an abercrombie. times are changing. >> jimmy: are those stores i got that in this book here? "unfiltered." congratulations on this. >> thank you. no, this is my new book. [ cheers and applause ] >> jimmy: stories or -- >> no, it's a -- it's a a collection of essays and letters to people and to myself a young woman. and i discuss lots of taboo things that girls don't like to talk about, but the second that we do, we realize we're not alone and we're not crazy. so, it's funny stories at time. it's really dark. it's kind of -- i'm only 27, i'm not saying i know everything, but these are the things i've learned up until now. >> jimmy: i love that. good for you. >> yeah, thanks. [ cheers and applause ] >> jimmy: so, tell you about this movie, "rules don't apply," warren beatty, i mean, howard hughes. i'm so excited about this. >> i was hearing about that i mean, we both were just -- it was in the aura. everyone knew about this movie. he was telling me stories about what he heard. i was like -- that's craz

some names, abercrombie, gap, crushed 10%. overall up since the trade. what do you do?a mixed bag here. home depot, good, lowe's bad. so it's been an -- >> abercrombie down 14. >> i think -- obviously, a bad entry a couple weeks ago if you are trying to short anything. i think this is one of the sectors where people feel all of this stuff priced into the market that we may not see, that may be good for the economy, has shifted very quickly. so here's a situation where this spread is worth about a third of what you would have paid down at $41.5. i think you probably take it off. it's a very long shot here. but i like the entry here. i liked it down there. i like it here. and i think you want to look out to possibly february. >> any other view on retail on the desk here? >> they move with the election, right? so you've got -- as you say, if they were vulnerable, and they get reset higher, that doesn't necessarily remove the vulnerability. >> let's stay with a different retailer. and, in fact, a big box you know. giant orange sign. last week, home depot would rally on earn

biggest losers as usual are gap stores and abercrombie. if i worked at either of these two places, it would be a moment of total existential crisis. gap is once again in turnaround mode, something that seems to be a permanent state. abercrombie is once again in serious decline. how else can you feel about a same-store sales? people were looking for a minus 4%. but more important, they delivered just two cents' worth of earnings. people were looking for 20 cents. the only good news, there was candor on the conference call. the ceo actually termed the numbers disappointing. sadly in a nasty, short, and brutish world where only the strong survive, there's simply no need for either chain anymore. the existential dilemmas of both gap and abercrombie are so severe, i think we should rename them. i think we should start calling thhe camus & fitch. yeah, they're two existentialists. google it. speaking of crisis of confidence, williams-sonoma had a 4.6 decline. why? just listen to the ceo for the reasoning, and i quote, for others less familiar wi

some names abercrombie, gap got crushed more than 10% and overall up since that trade.do you do? >> a mixed bag, home depot good and lowe's bad, walmart bad and target good. so it's been a mixed bag. >> abercrombie down 14. >> obviously that was a bad entry there a couple weeks ago. a lot of bad entries in the market if you're trying to short anything. i just want to make the one point. this is up of the sectors where people think that all of the stuff priced into the market that we may not see and may be good for the economy have shifted very quickly. so here's a situation where this spread is about one-third of what you would have paid down at 31.5. i think you take it off. a very long shot here but i like the entry here. i liked it down there. i like it here and i think you want to look out to possibly february. >> any other view on retail on the desk here, mike, carter in. >> they move with the election, right, but as you say, i mean, if they were vulnerable and they get reset higher. that doesn't necessarily remove the vulnerabilities. just makes it a better entry

retailer abercrombie & fitch, sales down.hat stock will be taken to the cleaners at the opening bell. an iphone, quote,designed in california and made in the usa? is that at least a remote possibility? >> in a word, no. i think they just said, look, let's look at the possibility. i think this came just a week after donald trump won, paying a bit of lip service, i don't think they have any intention of manufacturing in this country. apple in response, we're for jobs, retailer, shipping, don't look at though we haven't. stuart: he doesn't say much, but when he does say something. [laughter] >> rahm emanuel one of several sanctuary cities who pledges to protect the city, saying it will always remain a sanctuary city. and congressman's district is next to chicago. welcome back to the program. >> stuart, great to be with you. stuart: i can see the point coming where the feds will deny funds to chicago because of what they're doing with sanctuary cities, whereupon the city of chicago will come to you guys, the state of illinois, fo

abercrombie is anticipating a rough holiday season as more young shop h&m and forever 21. a brand of hummus is recalling some of its spreads today because of possible listeria contamination. sabra dipping company has issued a voluntarily recall for products made before november eighth. the f-d-a says the company found listeria in the plant that makes hummus. the company is urging consumers to throw away any product with a "best before" date through january 23rd, 2017. you can expect to spend less this year on thanksgiving dinner. the classic thanksgiving dinner for 10 will cost $49.87. this is down from by about 20 cents from last year. adjusting for inflation, this is the lowest price for the holiday meal since the farm bureau started tracking the cost 31 years ago. it's here's a live look at on our city cam. are looking for a day to get lights up this week...this may be it. rain moves in tomorrow and lasts through at least . rainfall totals out of this tuesday-wednesday system look to be around a half inch in most areas. nothing strong or severe is expected, though a few

their main brand abercrombie down 14%. ow. so here's the trend.iscount and beauty stores doing well. so tjx, ross stores, old navy did very well generally. and beauty's doing well. ulta, sally beauty, remember e.l.f., they went public down here awhile ago. they're doing well. department stores, most apparel, they're having a very, very tough time. haven't said much about the ipo business because there's not much to say. but next tuesday we're going to get our first ipo, and it's an interesting one. it's a pot ipo. it's the first cannabis ipo at the new york stock exchange. and for that reason alone it's noteworthy. innovative industrial properties is really a reits, real estate investment trust that owns and manages cannabis facilities. they don't actually grow the pot but manage facilities on behalf of people 8.8 million shares at $20. we'll see how that does down here. remember something, banks can't handle the cash from these cannabis facilities, so people have to step in provide financing some way. this is one way to do it. guys, back to you.

she says one of the biggest sales she was excited to see was that abercrombie was 50-percent off storewide. ((brittany edney)) >> not only was it a crowded, busy day for shoppers who braved the long lines... but for retail workers as well. coming up at 6 tonight on 8 news now....we'll hear what it was like to work behind the register. guys we'll send it back to you./// ((mauricio marin)) drop shopping and hit the outdoors instead. red rock canyon was crowded with people looking to get some fresh air and find other ways to enjoy time with friends and family in town. some visiting for the first time say it sure beats having to deal with crowds at the mall. ((chris fuller/visitng red rock: "it's gorgeous. absolutely beautiful today. not a cloud in the sky. the beautiful sun is out. it's not too hot not too cold and we get to walk around in shorts and walk off some of this thanksgiving grub." )) >> b-l-m which runs red rock canyon operations says it may be necessary to temporarily close down the 13-mile scenic drive when it gets really busy this weekend. they recommend folks call this hotline

adjusting for inflation, that is the lowest price since tracking >> abercrombie and fich announced their profits fell. the company anticipating a rough holiday season as it is continuing to have trouble attracting young shoppers who are more likely to shop at the cheaper chains. >> wisn 12 news time now is 5:59. the news continues right now. "wisn 12 news this morning." i'm ben wagner. >> i'm melinda davenport, it is 6:00. we are entering the busiest travel week of the year just as workers at o'hare in chicago consider walking off the job. the impact that the strike there is expected to have on the travel plans. >> another week, another los for the packers. we have reaction from mike first, a live look outside here on this chilly monday morning. matt has a check on the morning commute coming up. first to sally. >> it is a beautiful sky in place, a few clouds over lake michigan and the warmth. we have light north breezes beginning to get light. 26. the dew .16. this is a dry and cool air mass lighter northwest winds in place. the windchill index feeling like 19 degrees. so winter temperat

other retailers include prada, abercrombie & fitch.aller retailers also suffering. >> it's been a mix of trepidation and exasperation and many come to us. and they have called us, can we come. >> rents are some of the highest in the country so any loss in business can have a dramatic effect on their profitability. saying, quote, traffic in retail stores has dropped dramatically. the mayor saying they may block off roads, close lanes and try to divert traffic and crowds. the measure may help, but it will take a miracle on 56th street to help retailers near trump tower have a merry christmas. guys, back to you. >> robert, i'll take it. thank you very much. robert frank in midtown. >>> president-elect donald trump has agreed to settle lawsuits related to trump university. new york's attorney general says the fraud case will be settled for $25 million. former students claim they were falsely promised they would learn trump's real estate secretaries secrets. trump has denied any wrongdoing. >>> same-store sales fall for the third straight q

abercrombie is once again in serious decline. how else can you feel about a chain that had minus 6% same-store sales, people looking for a minus 4%. but more important, they delivered just two cents worth of earnings. people were looking for 20 cents. the only good news, there was candor on the conference call. the ceo actually termed the numbers disappointing. sadly in a brutish world where only the strong survive, there's simply no need for either chain any more. the dilemmas are so severe, i think we should rename them. i think we should start calling them the saturday storvaurt sar. and kamu and fitch. speaking of crisis of confidence, williams-sonoma had a 4.6 decline. why? just listen to the ceo for the reasoning, and i quote, for others less familiar with pottery barn, we are pe ceived as expensive, too predictable, and not for them, end quote. talk about existential. you know where there could be a turn coming? l brands. here there was never a downturn in bath and body works. very hard to amazon that place. pink has been

. >> when you say that abercrombie was nair, did you mean you had to look a certain way? have a six pack abs? >> yes, you said it well. there's a certain look and the ceo did come out and say hey, we just wabt the cool kids shopping here and i think a lot of people won't forget that. >> you put on your list a couple of others that have not been necessarily knocking the cover off the ball lately. coach and target. though target's turn around seems to be going well. what do you like from them quickly? >> actually, what we like is the combination of fashion, home and grocery. it's important to remember most target locations offer a large grocery selection and while people are in store shopping, fashion is appealing to them. also going to do holiday grocery shopping and liquor shopping and that's a huge plus. zpl thanks. we appreciate it. >>> still ahead, small caps have advanced for 15 straight sessions. and tonight, our market monitor has names for your shopping list. >>> wells fargo asked for a lawsuit to be dismissed over the creation of the fake bank accounts. the bank i

charles: may 2013 the ceo of abercrombie and fitch made negative comments about everyone that he deemedwas appalled not just because of what he said and we knot it was offensive. but this guy is the chairman of a publicly traded company. this morning his stock plunged to 14 a share. by the way, i think small businesses, especially ma and a dma and pa businesses have more freedom to express their beliefs. you wrote something about -- tell us about the guy who punished the cake makers but got his. >> the labor commissioner of the state of oregon, very liberal. he's a proponents of the lgbt community, so much so that he targeted businesses that he accused of discriminating against the lgbt community, especially going after a husband and wife who owned a bakery. this is a christian family. one day a lesbian couple said we want you to make a cake for our wedding and they said we can't do that because of our religious beliefs. he went over that couple, they are facing a $135,000 fine for discrimination. last tuesday he got beat at ballot box by a republican in oregon. needless to say, a lot o

while i was in jeddah, bin laden tried to kill the american consul general, lovely woman named gina abercrombie stanley, and three or four people were killed outside the gates trying to get into the consulate. but that inability to get into the culture and to understand it means that we've cut off the flow of information. >> there are so many -- again, this book is a collection of stories that have primarily run in the new yorker, and so many of them will be things that you're familiar with, and there's a lot that i had read and delighted in, enjoyed rereading, some that i had missed. one thing i found fascinating because it's actually an update to the way the piece had originally run, and that is a story that you had written called the spymaster on mike mcdonald who had been the director of national intelligence. >> yeah. >> there's a great moment not at the beginning of the piece, slightly into the piece where you say sort of reluctantly when he's meeting with mr. mcconnell that i don't know much about you. and he replies to you, well, that's a good thing, i'm a spy, which i thought was inter

we are going to get results from abercrombie&finch. fifteenth consecutive drop.ines of wall street journal. starting a trip service that means travelers will be able to book experiences in a dozen cities worldwide. amazon gearing up for global launch, company's expansion into about 200 taking direct aim at rival netflix. you have this one. amazon founder to make his company a top player in india. bezos is telling executives to do what it takes to succeed and don't worry about the costs. nicole: yeah, coming up. a new study measures impact of religion on the u.s. economy and it's huge. >> it also is worth more than the global revenues of the top 10 tech companies and 50% more of the top six u.s. oil companies. nicole: fox news lauren green has the story on this one. we will check on u.s. stock market futures, a little pressure on the markets today. down 25, s&p futures down 4. fbn:am, first look at morning markets and breaking news vo: introducing the new motoz droid with moto mods, exclusively on verizon. boom! vo: transform your phone in a snap. with the only ne

look at abercrombie where it's 50% off. hollister business is doing better than the abercrombie. >> when you see 50% off at this point, that sends a bad signal to you? >> 50% off for black friday is the new this is what you're going to do. then you're going back to 40%. >> is there a theme here? is it clothes, electronics, games? some theme you can tell us about? >> clothing is doing well. that's one of the things we should ask terry lundgren about. they've seen a pickup in momentum in apparel. jewelry is slower lately. that's something you want to watch carefully. >> you would throw out promotion, throw out price if you could give some colder weather the most important thing. >> outer wear and cold weather accessories. we need that and coming fast. but retail inventory levels are lean. greater sales growth than inventory growth. >> we just showed the stocks for abercrombie. while those retailers have recovered, they have not. they don't look good. they're down 43% year to date. >> having issues. there's trouble and they're

while i was in jeddah, bin laden tried to kill the american consul general, lovely woman named gina abercrombie stanley, and three or four people were killed outside the gates trying to get into the consulate. but that inability to get into the culture and to understand it means that we've cut off the flow of information. >> there are so many -- again, this book is a collection of stories that have primarily run in the new yorker, and so many of them will be things that you're familiar with, and there's a lot that i had read and delighted in, enjoyed rereading, some that i had missed. one thing i found fascinating because it's actually an update to the way the piece had originally run, and that is a story that you had written called the spymaster on mike mcdonald who had been the director of national intelligence. >> yeah. >> there's a great moment not at the beginning of the piece, slightly into the piece where you say sort of reluctantly when he's meeting with mr. mcconnell that i don't know much about you. and he replies to you, well, that's a good thing, i'm a spy, which i thought was inter

to the bad, abercrombie and fitch, that stock down 14%.nd earnings. weaker traffic among other challenges. and they're not far off the ugly. the ugly today is the gap, same reasons as abercrombie and fitch, concerns about sales new, concerns about sales in the future, concerns about earnings, gap shares down 16.4%. >> it is time for our second mystery chart of the day. this company shares have nearly doubled so far this year. we will talk to the ceo and we'll get one piece of tax advice for you that you're going to need to hear to get ready for the trump administration. "power lunch" will be right back. this car is traveling over 200 miles per hour. to win, every millisecond matters. both on the track and thousands of miles away. with the help of at&t, red bull racing can share critical information about every inch of the car from virtually anywhere. brakes are getting warm. confirmed, daniel you need to cool your brakes. understood, brake bias back 2 clicks. giving them the agility to have speed & precision. because no one knows & like at

he likes abercrombie & fitch. it's a great mall. everything you want is here. >> reporter: and now it's easier than ever to find everything you might possibly want. king of prussia mall is the first few to have this interactive directory. you think about who you're shopping for. say you're looking for clothing. you go here. then it tells you exactly where that is in the mall in perspective to where you're standing right now. you can see there's a list of exactly which steps you should make and turn and you can send that straight to your phone so that way you don't have to worry about remembering exactly how to get there. that's going to be especially helpful as i mentioned, king of prussia just finished its newest expansion. reporting live, i'm pame mmela osborn. >>> from king of prussia let's head to sky force 10. live over the cherry hill mall. we'll get to that in just a moment. first we want to remind you get all the information on black friday deals and discounts along with our holiday gift guide right now on the nbc 10 app. >>

negative stuff this stock is down 35% year-to-date, suggesting a turnaround for abercrombie & fitch ist . jon: the month of december, the potential for a rate hike, probability and 96%. fiscal 2017, stimulus set to come down the pipe. what will be the monetary policy offset? >> the markets are hopeful there will be a lot of fiscal stimulus. i have no idea what the new president and what the new congress are ultimately going to pass and what the fiscal stimulus will look like. it there will be stimulus. guess,ow, if i were to until we know more, assume the status quo. fiscal policies will affect short run and long-run economic behavior that we have to take into account. >> a more expansionary fiscal environment facilitates higher policy rates. for me, it seems it's what the markets are expecting, it's likely to mean more rapid rate increases. jon: joining us now is rick rieder. the theory is pretty simple. physical does that do work and monetary policy has to deliver an offset. they don't have their fiscal stimulus yet. they have not got it. how did they forecast for it? mike: i don't t

abercrombie & fitch got cut to underperform. its price target is $12.zable risks for earnings estimates. can i get a break. abercrombie was pummeled on friday. it is off by two .5% in premarket. david: coming up is your favorite, oil, it rallies for a second day. iran signals optimism over and opec agreement. later, the euro trying to snap its worst run of losses since it debuted in 1999. could euro-dollar parity be around the corner? that is all ahead. this is bloomberg. ♪ alix: let's get a check of the markets. jonathan: we are one hour and 15 minutes away from the cash open in new york. driven by what is happening in the commodity markets, switch up the board. goldman sachs gets an upgrade. wti, alix. on alix: oil volatility, take a look at the bloomberg. really captures what could happen in the opec meeting next week. .ob doll rhetoric abounds, volatility picks up, how do you deal with that when it comes to investing? bob: well, the track record on those deals coming together and staying in place is very weak. my best guess, our best guess, the way

cpi, ppi, and then more retail data from home depot, target, wal-mart, abercrombie & fitch.m packed. >> and it is the week before, of course are, this big retail week coming up. i mean, it's hard to believe thanksgiving and black friday and then cyber monday after that are drawing so close. indeed, they are. >> a lot of christmas decorations are already out there. normally you wait until thanksgiving for that, but clearly retailers are trying to drum up the momentum. >> i think what might be one of the more interesting data points of the week, mortgage apps it. they normally come and go. we don't pay it that much attention usually, but about the 30 year back to 3 and the ten-year at 2.30. it will be interesting to see if people are trying to re-fi, lock it in, avoid mortgages altogether. who knows? we'll have to find out. see you later on. let's get back to heatdquarters. scott wapner and "the half." >> all right, guys. thanks so much. welcome to "the halftime report." i'm scott wapner. our top trade this hour. the post-election tech route and whether it is safe to buy some

nicole: no, and abercrombie is down this year and that used to be hot. stuart: did indeed, nicole.hank you. and for giving $108 billion in student debt, i'm going to call it a bailout. does anyone want to disagree? >> i will agree it's a bailout. when the government gets involved in markets it distorts them. and done that with education. a lot of young people loaded themselves up with debt and largely worthless degrees and living in the same bedrooms they did growing up. and they would have been with hands-on training, working their way through coity colleges and working through. but when the government is involved it distorts incentives and did massively on the student loan department. stuart: on the screen yours' looking at the trump rally, 19,200 on the dow jones industrial average, 22 days after the election and we're up, there's supposed to be no math on the program and now we're up, maybe headed to a gain of 100. i'm going to express another opinion. investors see massive stimulus coming for america's economy. whether it is moving money back to america, whether it's tax cuts,

abercrombie & fitch down. and gap down 15%. as of late yesterday gap reported earnings. imagine its preannouncement numbers as gross margin improve. but traffic continued to deteriorate into november and analysts say margin pressures into the first half of next year due to investment spending also sending downgrading gap shares to sell from neutral noting the retailers continued to struggle to regain customers. >> the nomination of jeff sessions as attorney general. sessions has served in the senate for 18 years. before that he was the alabama attorney general. he's known to be hawkish on spending, tough on immigration and no fan of wall street. >> joining us acting ag under george h.w. bush. welcome. >> thank you. >> what can you tell us about jeff sessions? >> well, i think jeff is a wul selection. i was privileged to have jeff as a colleague and subsequently we became friends over the years when we served together in the justice department. and it's great to have someone whose steeped in the tradition and knowledgeable of the culture of the justice department to be at

abercrombie down 8%. this is for the quarter beginning october.enney, dillards, let me move on to the ipos. you heard david talking about gds and he's right, this is second disappointment. price talk 12 to 14, high performance data centers, this is a pure tech play on china. so last week was a consumer play and a little bit on e-commerce with zto, this one is a pure tech play. and even that didn't quite make it here. we're waiting for it to open over at the nasdaq. remember what happened with zto, that's the packaging company last week, they priced aggressively at 19.50, zto opened at $18.40. essentially is trading right around $16 right now. so that's a clear disappointment. so two chinese ipos, two different areas of the market, you're going to hear a lot of people talking about what's going on in china, how desirable it is at this point and what's going on with the economy overall out there. finally, remember the fed today, they have been moving the markets, higher rates have definitely been playing with stocks for the last several weeks here.

there were fewer people in abercrombie only, the only store that had fewer people in it.k some pictures but decided not to post it because seemed like a mercy killing. didn't want to euthanize a retailer. but hear pvh that's more macy's, more kohl's. then we hear mpc, wouldn't that be interesting? a stock that's not up, why? they make their money off the spread. when west texas goes up, they don't make as much money. this is -- i slept in a half hour today and it was the worst half hour i ever had. >> not a good day for that. >> and i missed the top of wilfred frost and bannering sara and wilf. i did get the articles that they like, that they read. whatever. this is hard. >> it is hard. >> and people were trading -- right now buying halliburton. i totally goat you, but you're coming on the backs of short sellers who are panicking. there's so much panic right now. >> yes. jim, we will see you tonight. >> remember said ain't going to happen? greg hayes. i bet you before trump that carrier plant that wasn't staying in america. that was going to mexico. >> yeah. >> it ain't g

the teen retailers, abercrombies of the world also struggling. >> it's a confirmation of what we knewricewise going into the weekend. >> yes. and i think going into the weekend overall, one of the things that we've seen is you can't tell as much as you did in the past, given that mobile phones are where a lot of the action is happening. >> did you read about the gap ceo? >> yeah, a struggle this time. >> in the "journal"? >> yes, a struggle. >> said he's not a creator, a creative type? >> he's brought in other people to be the creative type, but certainly with a retailer like gap, you need to be creative all around. it's not only in financial flexibility, which sabrina simmons, the cfo, did a terrific job at, but you need to have the right product and you need to be current and relevant. when companies like zara are innovating so quickly, how do you react is key. >> and what do they do with that store base that's enormous? >> they've been pairing it back to begin with, and you're seeing a lot of retailers do it. that's why you see the segmentation between the "a" malls and the lower-e

. >>> stocking to watch this morning, abercrombie and fitch falling short on the top and bottom linesd. poor performance in seasonal categories and the overall challenges of the company's rebranding effort. foot locker earnings topping estimates. increased store sales. that stock is off 2% in the extended hours trading. the buckle's earnings and revenues missed the mark. the same store sales dropped more than expected. that stock is off by 5.5%. gap's third quarter profit falling 18% and posting seventh straight quarter of declining skaels. it's still struggling to draw shoppers into stores. they plan to close 65 stores. originally thought they were only going to close 50 stores. ross stores beating the street on the top and bottom line. retailer also reporting same store sales increase by 7%. well above estimates. but it's giving cautious current quarter guidance amid what it calls promotional environment. that stock is higher by nearly 4%. williams-sonoma calling the sales environment less surgeon. that stock off almost 3%. >>> earlier this week we learned that warren buffett's berk