[ laughter ] >>> plus sized women's clothing isn't the only thing abercrombie & fitch refuses to sell. which color it's now banning from its shelves. ,, ,,,,,,,,,,,,,,,,,, the judge found that apple played a central role when e compan >>> a federal judge ruled today that apple conspired with 5 publishers to raise prices on ebooks. the judge found that apple played a central role when the companies teamed up against amazon to race prizes of best sellers to 12.99 or 14.99. amazon had been selling the ebooks for 9.99. the five publishers settled out of court but apple was the only company to go to trial. the iphone maker is expected to appeal the ruling. >>> abercrombie & fitch is doing away with black clothing. the retailer told business insider the color just doesn't fit with its casual image. employees can't wear black to work. you may remember abercrombie & fitch's ceo mike jeffries recently made waves by saying only thin cool kids belong in his clothes. >>> france has a great reputation for restaurants but here's something that might burst that bubble. some of those eateries use you

abercrombie ceo is said to be behind this ban on the black clothing.e has come under fire before, as you may remember, for saying the brand is only for "beautiful people." >>> with the temperatures that we have been having these days you want to wear lighter colors anyway. >> lighter colors, maybe bikini tops, shorts. >> meteorologist christina loren -- >> breezy out there >> i like the way you think, jon kelley. i like the way you think h i have to say this much, beaut city on the inside and it cannot be kwaupt if i had. bring met day that it can, abercrombie & fitch. looking good today. mar virginia on point. light colors, lots of water, overall, not too hot. could be dealing with the triple digits like they are in parts of southern california as well as the four corners region, meanwhile you got the 70s, beautiful conditions in san jose, 78 in sunnyvale and these flight delays, they continue. this is for arriving flights, two and a half-hour delays out of sfo, that's because they only have three of the four runways open. we head throughout the day t

is abercrombie in trouble? - i think that's just a weird story, but looking at abercrombie stock, it's been trading in a channel between $55 and $45. retail has doubled the s&p in the last year, so it's getting a little too rich for me. i look for upside, but you get a pullback. it's gone up 20% in just the last three weeks. - i actually don't think it's that weird. i think it's weird for him to publicly say, but you can keep it under the radar and just not sell black clothes. if you think about it, they have a lot of colorful clothes. their catalog's of little risque as well. - he says that black is too formal. is that too formal? i don't think so. - but, their opinion's right in the line with gap, so they're not really expensive, they're not really cheap. as alan talks about, it's in the middle of a range right here. i think the stock is going to pull back on earnings. i think it's going to have weak earnings, so i'll keep an eye on that. - buy it on a pullback. - topic #2: milking profits: there's an investi

. >> and it already bans plus sized clothing and now abercrombie & fitch is saying adieu to a certainor. we'll tell you when we come back. ,, ,,,,,,,,,,,,,, >>> time to check your microclimate forecast. pittsburg, 89 degrees, tomorrow a little cooler. >> checking the bridges and other roads around the bay area, they are doing lane changes that's what those flashing lights across the golden gate bridge. no delay across the bay bridge toll plaza and our milpitas and san mateo bridge cameras both moving at the limit. we'll have more "timesaver traffic" coming up. >>> plus sized women's clothing isn't the only thing abercrombie & fitch refuses to sell. it apparently won't make anything in black either. the retailer told business insiders the color doesn't fit with its casual image. employees can't even wear black if they come to work. the ceo recently made waves by saying only thin cool kids belong in his clothes. >>> tesla motors will replace oracle on the nasdaq 100 index. tesla stock hit an all-time high of nearly $125 yesterday. oracle said last month that it was moving its stock list

. >>> turns out plus size women's clothing is not the only thing abercrombie & fitch refuses to sale.r told business insider the color doesn't fit with its casual image. employees can't even wear black to work, and you may remember abercrombie ceo mike jeffreys recently made waves by saying, quote, only thin, cool killeds belong in his clothes. >> okay. we'll be right back. ,,,,,,,,,,,,,,,,,,,, sofrnlts we're out of the triple digits for awhile, yes. >> done. going down a bit tomorrow. >> thank you. >> going down even more on thursday. got the extended forecast which shows pretty nice, trust me, it's nice. >> cool. >> thank you, david letterman is next. thanks for watching. he has adam sandler on. >> have a good evening. see you tomorrow. ( band playing "late show" theme ) >> from the heart of broadway, broadcasting across the nation and around the world, it's the "late show" with david letterman. tonight... plus paul shaffer and the cbs orchestra. i'm alan kalter. and now, the man who put the bop in the bop-shoo-bop-shoo-bop, david letterman! (cheers and applause)

. >>> turns out plus size women's clothing is not the only thing abercrombie & fitch refuses to sale. told business insider the color doesn't fit with its casual image. employees can't even wear black to work, and you may remember abercrombie ceo mike jeffreys recently made waves,,,,,,,,,,,,, sofrnlts we're out of the triple digits for awhile, yes. >> done. going down a bit tomorrow. >> thank you. >> going down even more on thursday. got the extended forecast which shows pretty nice, trust me, it's nice. >> cool. >> thank you, david letterman is next. thanks for watching. he has adam sandler on. >> have a good evening. see you tomorr,,,,,,,, that is a sweet, toasted, maple waffle, stacked with cheese, stacked with a savory sausage patty. stacked with freshly cracked egg, stacked with another freshly cracked egg, stacked with ham, stacked with more cheese,

. >>> black is not in at abercrombie & fitch. the retailer tells business insider, it doesn't sell black clothing and corporate employees are discouraged from wearing the color at work. in a statement, the retailer says, it's a casual lifestyle brand and feels black clothing is formal. ceo said to be behind the ban on the black clothing. he's come under fire recently for saying the brand is only for beautiful people. it's a color. >> it's slimming. >> slimming. >> take the girdle off, you want to wear black, it looks leaner. 5:25. christina loren here to tell us about aileen forecast. >> beauty comes from within. black hearts aren't beautiful. i'm giving it to you this time, abercrombie & fitch. but that's the last time. 77 in fremont. 80 san jose. 79 degrees in los gados. hot in the extreme east bay 87 degrees for livermore. done with 90s. no triple digits in sight. we'll have your camping forecast. great conditions across california. talk about that first, a man who knows how to dress, always looks good. >> thank you for making

abercrombie has been historically bad 59 managing expenses.id: they're getting better, aren't they? >> they're getting focused and trying to lock down areas of opportunity. focusing margin expansion instead of just the top line is i hate to end with a november negative. a couple have to be pointed out. coles you think are tough time ahead? >> moderate is tough space. you're going to mass channel or off price channel or increasing the online channel for more value, more brands and more convenience. i think that is carving away at their value proposition. david: at the risk of ticking off my producer, i don't want to end on a sour note, china, we were just talking about. china has this market that could be tremendous. any opportunities for retailers in china right now? >> yeah, i'm focused on global growth names. coach has a big opportunity in china. ralph lauren has a big opportunity in china. a couple of companies i'm not recommending tiffany and fossil also have big opportunities. i think companies are taking a measured approach to that marke

. >>> turns out plus sized women's clothing isn't the only thing abercrombie & fitch refuses to sell.won't make clothes in black. they told business insiders the color doesn't fit with its casual image. employees can't wear the color black to work. he may remember, the abercrombie ceo said only thin cool kids belong in his clothes. >> black is my favorite color to wear. >> i prefer silver and black. [ laughter ] >> i know you do. >> just saying. >> a lot of people in the bay area do. [ laughter ] >>> hey, folks, around the bay area today we are going to see some cooler temperatures outside as low clouds and fog surging onshore this morning. and well, it's going to be slow breakup today and probably going to hang out toward the coast so we'll keep temperatures cooler outside today as much as one to 13 degrees cooler around the bay area. after that minor changes as we head in toward the weekend. high pressure giving way. we have an area of low pressure off the coastline that's going to start to sag a little further to the south and as it does, it will usher in a cooler weather pattern a

you have two retail companies you're picking, jcpenney and abercrombie & fitch. the thing i wonder with retail sector, consumers seem in some people's mind to be running out of money. their income is not growing as fast as inflation is. they're dipping into savings. savings rate is down as as a result dipping into savings buying more. aren't consumers running out of money is this is a concern for retail officers. >> a concern for low-end retailers. people are competing for low income jobs like retail. that is worry. keeps wages down. the particular stocks we want to be superman on the back half of the year and make predictions. i don't know what will happen. these companies have two events coming up in august. look for events in your investments. abercrombie, next earnings meeting you will see cost cutting and succession plan for ceo. he is done in 2014. jcpenney you need a five-year plan with company with mike ullman at the helm and give you confidence that the business will survive and not go into bankruptcy in the next six months. cheryl: these are sectors i w

. >> i like abercrombie & fitch now. most people don't. >> what? you like a&f?i think holster looks a lot better than they did. the inventories are right. i think a&f looks better on the fashion, but inventories are still a mess. i'm betting their inventories are better for back to school. and when they are, i think they're going to do well with hollister. >> and mary is shaking her head. >> i'm not buying it just yet, jan. i respect you immensely, but i can't go there just yet. i mean, a couple of things. number one, maybe they'll do better than they did last year, last year's really bad numbers. but we look for trends. what are they representing right now? they don't have the trends represented that are key at the macro level for girls right now. higher waist bottoms are coming on trend and bare-mid riff top, and it escapes us to why abercrombie doesn't have those trends. >> you going to throw in the towel on the jcp bet? i'm crushing you on the bet now. >> positive comps for back to school. double-digit positive comps in the fourth quarter. you lose the bet.

hi ♪ we are farmers bum - pa - dum, bum - bum - bum - bum♪ abercrombie & fitch refuseso sell.y won't make anything in blac >>> plus-sized women's clothing isn't the only thing abercrombie & fitch is refusing to sell now. it apparently won't make anything in black either. the retailer told business insiders the color doesn't fit it its casual image. employees can't wear the color black. the ceo made waves by saying only thin cool kids belong in his clothes. >>> stock futures are lower this morning after a weak trade report from china. it could be the first down day of the week on wall street. let's hope not. but we'll check in with erica ferrari from cbsmoneywatch.com on a wednesday. good morning. >> reporter: good morning. well, as of yesterday, wall street was on another winning streak. the stock market got a boost from a positive jobs report and expectations of strong corporate earnings for the 2nd quarter. the market ended in the black for the fourth trading day. the dow was up 75, nasdaq up 19: u.s. regulators have labeled insurance giant american international group and g

the human rights regulator in france is looking into employment practices of abercrombie & fitch.tsanies excluding from -- staff people who are not significantly good-looking. it employs models to attract customers. watchdog a -- says it expects the employees are salespeople. you are watching bbc world news america. still to come, a massive turnout to see pope francis. will his message sound the right note? once one of the most powerful party china's communist has been charged with bribery, power, and corruption. the scandal exposed serious cracks inside the community. >> he once had a seat at the top of chinese politics. having been stripped of his position last year, it has been a question of not if but when he will face his day in court. today's announcement suggests china's new leaders believe the time is now right for this most politically centered of trials. it will take place in the eastern city, well away from the old center of power, and it -- as is so often the way, the guilty verdict is a foregone conclusion. it is a straightforward case on the face of it. at the heart

lists, mandy. >> abercrombie & fitch no longer selling black because the ceo does not like it.aking of retail, it's getting a bump because of kate middleton's baby bump. of course, we aring on rail baby watch and a royal fashion watch. live in front of st. mary's hospital in london. look at all the cameras there. wow, everyone is camping out because princess kate is going to deliver the baby at that hospital. she was due yesterday, so she's already overdue. stacy, i want to ask you, not getting a royal tailor for the baby is one thing but going to baby gap is a whole different thing. what is kate middleton going to do and who does it benefit in the retail world? >> the calm before the storm here right now. hopefully kate will show up as i'm on camera here, but, you know, we know that kate is not just a high end lady, seen shopping at the gap for maternity collapse, shopping at top shop which is rolling out in nordstroms and ralph lauren and runs the whole spectrum so this is big business. baby bump for retail big business. some are talking over 100 million pounds in retail sale

are relenting to reforming safety standards in bangladesh. 70 retailers, such as h&m, zara, and abercrombie and fitch, are signing onto a plan that includes conducting regular garment factory inspections. it follows a tragic factory collapse in april that killed more than 1100 wd macy's did not join the initiative. on a related note, wal-mart's expansion into india reportedly is hitting a snag and won't happen until 2016 at the earliest. with plenty of cash to spend, it's homebuyers from the outside of u.s. borders who are fueling the housing recovery. chinese and canadians, among others, are snapping up available properties, oftentimes luxury properties in sunbelt states. enrique teran sells real estate in miami, florida, and says the impact of foreign buyers can't be underestimated. "areas like texas, california, miami, tampa, you do see a great impact. new york, for example, has a great impact with foreign buyers in the market, and i would even tell you, as far as south florida comes to be, i've read numbers up to 50% of the house purchases were done by foreign investors." four states ac

governor neil abercrombie signed an emergency storm. this will clear the way for vote looks like panama the fog will cool things down and even, that >>anny: right now livermore you have clear skies but we are expecting widespread fog and then this afternoon the fog is slow to clear out. a mixture of sun and clouds for most locations except for the coast and in san francisco. this evening clouds and fog once again and it will be cool for this evening. temperatures right now generally in the '50s and '60s. san jose year and 67 degrees at same in redwood city. oakland, the morning to you, your at 59. antioch you are at 61 degrees on this monday morning. here's the weather pattern. we basically have the sea breeze still in place so today temperatures will be even cooler. a lot of locations below average. it will still kind of " out there and did you can see a an area of low pressure far west but this will not impact us for the next several days. at that temperature why is it will be a little milder started wednesday or so but nothing extrem

neil abercrom neil abercrombie n emergency proclamation ahead of the storm.clear the way for authorities to prepare for the storm. anny has more on the flossie. >> it will be impacting places by late monday night. we are talking about gusty winds and strong and downpours as far as the rain is concerned. we have cloudy conditions here. you can see we just have cloudy skies. right now the visibility is not an issue at any airport this morning. >> here is a look picture temperatures right now. san francisco was coming in at 56 degrees. santa rosa is coming in at 54 degrees. satellite and radar shows the fog and. there is a little area of low pressure that will not impact us. we would just see temperatures on the cooler side. we will seek cloudy conditions in livermore. they may have patchy fog to start out the day. by 9:00 a.m. it will be slow to clear route. by lunchtime it will still be cloudy and foggy 4 the coastline. >> here are your highs for today. san jose will have a high of 73 degrees. 76 degrees for santa clara. oakland will have a high of upper 70's.

abercrombie & fitch. >> hewlett packard. >> no fast.day at 5:00 as normal. don't go anywhere. mad money with jim cramer >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm trying to save you a little money. my job is not only to entertain you, but to educate you. call me at 1-800-743-cnbc. so what do you do with the seemingly terminal situations? oh, you know what i'm talking about. sounds

quit perving on our ladies and get back to your trailer homes. [ laughs ] >> okay, easy there, abercrombiem played duke. >> at least we got into college, skinny danny glover. [ laughing ] >> that's rock, paper, scissors. >> i think it's over. >> whoa! hey hey hey! what, what, what! >> a little extra right there. hey fellas, that was a good handshake. we got a good one too. it goes like this -- okay, here we go. >> how are you doing, sir? >> very good, sir. [ cheers and applause ] >> jimmy: our thanks to adam sandler. go see "grown ups 2" this weekend. mirielle enos joins us next. there she is in the bud light platinum suite. [ cheers and applause ] ♪ don't scratch it kid. [ crunch ] ♪ get low now! ♪ whoo-hoo-hoo! [ siren chirps ] [ crunch ] ♪ put your back in it [ wolf howls ] whoo! ♪ [ tires screech ] [ crunch ] ♪ aaaaah! ♪ [ tires screech ] ♪ [ male announcer ] men -- you've tortured your face enough. end the face torture. new dove men + care face lotion hydrates skin to keep it looking good. take better care of your face with dove men + care. take better care of your face what do you th

abercrombie & fitch. >> hewlett packard. >> no fast. we will be back here on friday at 5:00 as normal. don't go anywhere. mad money with jim cramer >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm trying to save you a little money. my job is not only to entertain you, but to educate you. call me at 1-800-743-cnbc. so what do you do with the seemingly terminal situations? oh, you know what i'm talking about. sounds like nokia, blackberry, groupon, zynga. what do you do if you're attracted to them because they're trading in the single digits or because you use the products around like them? what a downer kind of day, when the stock market with the cairo on its mind, the climb before recovering near the end of the day with the dow fouling 43 points, a little 0.5%, don't you think it's worst askin

abercrombie and fitch's the big winner. we will be right back.e hour the stocks with nicole petallides at new york stock exchange blackberry is one of them of the lookout for it is up 2% after the quarterly numbers u.s. sales jumping 13% of the have been setting a record setting pace the trucks to doing well up 20%. one of the most patriotic companies listed along with coca-cola to name a few. blackberry checks and after it lost so much value with the dismal reports but with a new high for tesla a takeover target? that is what wall street says and now looking at the new cancer drug that is why there is talk from amgen to get in there and tell as carl icahn continues to beef up the backing. cheryl: tomorrow we will do just american companies. we will take up the canadiens. [laughter] dennis: a man without a country edward snowden coming up empty after disclosing sensitive information on and is a surveillance program according to wikileaks he has sought asylum in over 20 countries and nine of those reportedly have said no. and he just went to his b

retailers, forever 21, lazaro, denim, are earlier purchases which is more than american eagle, abercrombieitional teen retail years following the trends. thank you so much, jennifer davis. >> thank you. adam: sound like a gadget from james bond. reportedly a new iphone, likely called the iphone 5s will include a fingerprint sensor. a hidden code uncovered will suggest they could identify the person holding the phone and be used as a password to activate the phone. this comes a month after apple awarded a patent detailed how fingerprint recognition technology could be used. more than a cool gadget, ans are hailing it as possible end to all password and there was much rejoicing. lori: well, are you sure that is the right camera. i don't think that is the right camera. no, hi, hello. wake up, starbucks. you've got competition clawing at your door. grumpy cat, the viral sensation is turning internet fame into big business. after getting a movie deal, grumpy cat is coming out with the grumpcino will comb in three drinks. there will be online and in stores in sent. the company is overing a 10% p

know, like anything else, something has come in and out of fashion and seen the numbers out of abercrombie which show what can happen when things get tough. >> what do you see going forward in the next year? are you positive in your outlook? >> i think we have seen increased confidence in the office occupiers and people have -- who have been delaying moving decisions and now taking their foot off that brake pedal which means we have been increased interest in our sights as i said. in the retail markets, we maintained occupancy and still have interest in our schemes, so we're pretty chipper. we're virtually full, 97% full in our portfolio. >> you took a pretty big hit after comments from the fed about tapering. how does that affect you and why did it affect your share price so much in. >> well, as you know, interest rates have been kept low we bithe supply of money into the markets. when the feds -- when the markets suddenly think that supply is not going to continue, the interest rates come up, and property yields are related to the risk free rate. while there is a cushion, that cushion, w

governor neil abercrombie signed an emergency proclamation ahead of the storm.r authorities to prepare for the storm. >>george: the last old truck is heading to the scene on the shore freeway. a minor incident but a trailer ended up on a guard rail and that's what's been so hard to clear. the traffic has been backed up to nearly highway 4. should be about an 18 to 20 minute drive time so i share normal commute time this morning for westbound interstate 80. really no good alternate route to the west direction. you could take 24 to reach the bay bridge instead. looking at the commute at the bay bridge because so much traffic has been held up of the inshore freeway there has been no backup at the bay bridge toll plaza for your ride to the san mateo bridge, it has been incident free and the way for it. drive times peak at 13 minutes. instead of the usual 11. and here the golden gate bridge, it has been problem free all morning long. a little hazy but no fog down on the deck. here's an with the weather. >>anny: good morning. not a lot of fault because of the wind but

the "jersey shore" star lost his lawsuit against abercrombie & fitch. he would stop wearing their clothes on the reality show. then the company came out with this t-shirt that said "the fit-uation. you know it is bad when somebody wants to pay you not to wear them. >>> let's get to our number one story this morning. this is going to be popping at your holiday barbecue, believe me. alec baldwin has quit twitter, everybody. >> no. >> but he could also quit acting. that's the question. will he do that? remember his twitter outafter his wife was accused of tweeting during james gandolfini's funeral? now he says he'd like his soon to be born child to never know he was a public figure at all and "quitting acting" would be the greatest thing in the world. >> he doesn't mean that. he is very talented. sometimes his emotions get the best of him and he says things he shouldn't have said and he he usually knows it. >> don't we all have those days every once in a while? >> i never say that. >> when i find out me and ted turner have a family history? i'm quitting. >