. >>> abercrombie & fitch ceo, how does he still have a job? from bad decision decisions to even worse personal choices. who thinks he still should be in charge? we will debate it and shareholders beware. >>> "who made money today." his day is looking pretty bright as he rakes in more than a million bucks. even when they say it is not it is always about money. >> ladies and gentlemen, may have your attention please. we have ex-presidents. as you can see we are in fact robbing your bank. melissa: so it noise the ex-presidents. it is uncle sam himself. he wants jpmorgan and some of the biggest banks on wall street to pay up. it is costing them and shareholders, by the way, billions. we know jpmorgan alone is said to have reach ad tentative deal to pay the government a record 13 about dollars fine. it doesn't end there -- $13 billion fine. many banks are looking at billions of dollars in fine. many say it is highway robbery by government. it is all the talk on wall street. we have susan ochs and from "the wall street journal" and also fox news con

shirts that say abercrombie is things like bros reformed bully and this is where since the first loses control of his rock and it rolls right back down the hill because abercrombie you'll remember has the c.e.o. that said we go after the cool kids a lot of people don't belong in our clothes. that are the barrier. definition of bullying and that attitude is heard bases in america bullying is ingrained in our number one of the sest culture our media bullied by telling us to care about things like miley cyrus and football or we won't be accepted in society our politicians tell us it's ok to bully all the time the shutdown is a bully move democrats want to sign this republican filibuster that bullying is congress's preferred method of inaction but the real evidence that america loves bullies is by being one itself that us is currently engaged in war with seventy four countries we invade everyone and boss them around that is the epitome of bully america is a bully we breed bullies from birth and then we put them on pedestals we are the bully capital of the world so while i truly admire the

in the top ten, marathon petroleum, tesoro, abercrombie and fitch.e should note this is based on their price targets. these are the stocks with the most upside here, potentially to their price targets. where did you go. >> i like cameron international, i like the drilling space. if you look at second quarter drilling, demand was up 24%, obama is putting a lot of pressure to limit imports, with everything that we know. we saw in the last couple days the united states is the number one energy producer in the world. and there's a lot of opportunity. but again, international. so these guys are involved in the more complex systems and production side of the business. these guys on a sum of parts basis are trading 10% cheap. very interesting on a price to book. there's probably 32, 33% upside on the stock. if you look at the fair value and look where the street is. >> you also went oil here. you went to marathon petroleum, goldman says has 70% upside. >> i went with the refiners, who were thrown out for the service names. so the service names have been doi

i will have more on that, and abercrombie & fitch launching an and tie -- an anti bullying campaign. >> thank you. >> still to come on good morning, washington, an exclusive investigation. two georgetown women's basketball coaches are on leave following allegations of >> welcome back. 4:39 on this wednesday morning. and we keep getting lucky with these mornings starting out around 60, 63 degrees this morning. >> it feels more like august than october. >> we'll pay for it. >> absolutely. if we continue with these mid 80s like we're expecting the next couple days, this will be the warm et cetera start we've had to october since 2007, so it is definitely on the significantly warm side, and it feels good to start our you morning, doesn't it? still cooler in the burbs so still sweater-worthy for the next couple hours as we get things to warm up. partly cloudy by the noon hour, 5 85 degrees by 5:00, we should be around 73 for this time of year so we will top that by a good 10-plus degrees. how long can it last? we will have some changes on the way. let's go to traffic with amanda meadows,

. >> aeropostale, the abercrombie & fitch. >> right across the board. >> that was jan on "street signsy nailing a call. look at the gach today, down about 7% after reporting a drop in same-store sales. we're going to get to jan's victory lap in a moment and not force you to run around the studio doing a victory lap but you can if you want. courtney reagan, what happened to gap? >> exactly. maybe what jan said gap another one of the retailers struggling against what consumers are dealing with right now. one of the few that still report those monthly sales numbers so we get a glimpse into what's happening a bit more often as well as with limited which also reported disappointing numbers. take a look at the breakdown you can see there was weakness around the world for the gap brands and throughout each of the different brands. same-store sales down 3%. the street expected to see a 1.6% increase. gap global down 3%, old navy down 2%, banana republic down 5%. men's outperformed women across the board. women's sales is the biggest chunk of what gap counts on. management disappointed. especia

. >> abercrombie. >> it is abercrombie & fitch right there, down 25% over the last -- >> i love this.a breakout. finish off with another one, interesting as well because $50 stock down 20% just over the course of the past year. 2013. trades at $1.60 for every dollar of sales and it's on-line travel competitive but not priceline. it's -- >> got to be expedia. >> it is expedia. it's expedia. this stock has been one that's beaten down, may be due for an upside break. just some factors some money managers are looking at. >> thanks very much. where are we going in down to sue. >> talking ketchup, ty, ketchup. mcdonald's dumping heinz from its menu over a beef with rival burger king. what will we dunk our fries into now? "power lunch" has the great ketchup taste test. the power rundown is next. americans take care of business. they always have. they always will. that's why you take charge of your future. your retirement. ♪ ameriprise advisors can help you like they've helped millions of others. listening, planning, working one on one. to help you retire your way... with confidence. that's w

or abercrombie and fitch has been horrible. gap lower. nike is the only one doing well. they are doing it because people are buying more expensive shoes. the question was, are you terrified of the shutdown? no. you should be terrified of the debt ceiling. everything will get killed. materials, names, financials. everything. >> don't think for a second the longer the shutdown goes there is a whole slice for the consumer in the united states. i think there's a tremendous potential for disruption on the consumer front in the next few weeks. we're getting the reports in the next week. we just got some this week that are backward looking. that's in the tank. if it looks really murky, that's why i'm a little worried about the stocks right now. >> one of the things we haven't talked about is margins. it's one of the things costco did talk about. we have seen earnings growth, financial engineering, buybacks and epic margin growth. we are not going to see that. what can propel stocks higher at this point would be rising multiples. we're not seeing any top line growth. >> dan, you

. >> drop here for abercrombie?alking about it being a take out candidate. i haven't heard any of that yet. the sale shattered a previous record but unlike diamonds, records don't last forever. >> what's that thing? that jared place? >> yeah. >> or that or that. what's that website we used to talk about? >> blue nile. >> could macies be the ideal growth stark? looking at covered call strategies to generate income? with fidelity's options platform we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> before you know it the holiday shopping season will be in full swing and retailers will once again be in focus. so should you be buying this dip? 90 s

everything else, whether it's nordstrom, which has been wallowing sideways all year or abercrombie &ch which has been horrible. nike is the only name that is doing well, and they are doing it, because people are buying more expensive shoes. melissa, the question was, terrified of the shutdown? no. shutdown, we're doing okay. what you should be terrified of is debt ceiling. if we breach that, everything will be killed. retailers, utilities, materials names, financials, everything. >> scott, don't think for a second, the longer the shutdown, the more strapped there is a whole slice of the consumer in the states. to me, i think there's a tremendous potential for disruption on the consumer front in the next few weeks we are getting reports in the next week, we just got some this week that are backward looking. that's in the tank. that's okay. but going forward, what are stocks going to trade-off, future earnings prospects. if q-4 is murky, i'm nervous about these stocks. >> the earnings prospect thing, we haven't talked about margins, that's what cosco did talk about. we have seen earnin

everything else, whether it's nordstrom's which has been wallowing sideways all year or abercrombie &itch which has been horrible, gap lower. nike is the only one of these names that's doing well and they're doing it because people are buying more expensive shoes. but melissa, the question was be terrified of the shutdown? no. shutdown, we're doing okay. what you should be terrified of is the debt ceiling. and if we reach that, then everything is going to get killed. retailers, utilities, materials names, financials, everything. >> scott, don't think for a second the longer the shutdown goes, the more strapped there is a whole slice of the consumer here in the states. so to me i actually think there's a tremendous potential for disruption on the consumer front in the next few weeks. so we're getting these reports in the next week. we just got some this week that are backward looking. that's in the tank. that's okay. but going forward, what are stocks going to trade off of? if q4 looks murky, that's why i'm a little nervous right now. >> the earnings prospect, one of the things we have

abercrombie and fitch has taken a lot of heat. ceo said he did not want plus size customers shopping in their stores. they're launching an anti- bullying initiative. the retailer said teenagers will be able to share their experiences to help them share diversity at open forums. expect to see more ads in your facebook newsfeed. it is not only an effort to make keepmoney but to help to users engaged. back to you. >> thank you. have a great day. you can see double. amc theaters was show a double feature starting with "the hunger games" and "catching fire." tickets are on sale now at the theaters and online. than recalling more cars because of problems with the doors. the mounting screw on the door latch can come loose. mazda will also notify owners. >> now weather and traffic on the 1's. >> good morning. the summer weather pattern is going to continue in the mid- atlantic. upper starting out in the 50's and the low 60's. make sure the kids have the summer gear this morning. by the time you pick them up, it will be around 85 degrees.

dolls have sultry looks and abercrombie pushing the bikini for teens.day of the world. so let's look at positive roll model in the fight to let girls be girls. my guest is here sans makeup as well. thanks for being brave. >> thank you. i believe we're both very brave to do this. >> thanks for sticking up for girls on international day of the girl. what's the message? >> the message is to support girls. we need to give girls 0 to concentrate on what is inside and not the outside. you're a bright woman and you succeeded, it's not because of what you look like, it's because of your brain, it's because of your skills, it's how you developed. and that's what we need to be encouraging our girls, and we're trying to do this through the brave girl alliance. >> what is that? >> the brave girl alliance, 15 people have come together throughout the world to ask media, retailers, major retailers, to provide healthy messages and healthy images for girls. it's not about being angry. it's about being equal. and let's stop sexualizing our young girls because it's not ri

. >>> abercrombie & fitch ceo, how does he still have a job?ns to even worse personal choices. who thinks he still should be in charge? we will debate it and shareholders beware. >>> "who made money today." his day is looking pretty bright as he rakes in more than a million bucks. even when they say it is not it

. >>> abercrombie & fitch ceo, how does he still have a job?isions to even worse personal choices. who thinks he still should be in charge? we will debate it and shareholders beware. >>> "who made money today." his day is looking pretty bright as he rakes in more than a million bucks. even when they say it is not

. >>> and, abercrombie & fitch is launching an anti-bullying initiative. in a statement, the ceo says anti-bullying is an integral component of its platform. live at bloomberg headquarters in new york, linda bell reporting for abc7 news. >> thank you, linda. we have another hour of news now. >> good morning, this is good morning, washington, on your side. >> straight up at 6:00, a shooting near an apartment complex and dog park in prince george's county leaves one man dead. we're live on the scene with more of this officer-involved shooting. >> plus, it is now day two of the government shutdown and there appears to be no end in sight. >> and, it is officially fall but it feels more like a summer morning, so good news for you. good morning, washington. i'm jummy olabanji. >> and i'm scott thuman. we will talk about that weather with jacqui jeras. it is a beautiful start to the day. >> this is incredibly warm. we're 10 to 15 degrees above the average, so it unusual but it is not hot, and it is not a record. that's for sure. calm winds, feels pretty good. 50s

. >> abercrombie & fitch and weak news for china abroad like names like ralph lauren.rowth will slow as well as sales. adam: nicole, remember when you were talking about apple near $700 a share. they're chiming. anybody talking about that again if. >> take 600. forget 700 at the moment. jeffries liking what we'll they're seeing for the iphone 6 bigger screen. a lost suppliers are more lenient with apple which ultimately helps their margins. liz: there is a lot of talk about medical device-makers getting hit in advance of obamacare. guess what? intuitive surgical, a real star, getting a boost. it is the top performer in the s&p 500 few want to own this one today. you're probably pretty happy. the stock is up 4%. intuitive surgical got a boost. jpmorgan said they remain constructive on the long-term prospect for this company and their tools. >> and a company formerly known as coinstar posting gains today. tell us about that. >> jana partners acquired a 13.5% stake in the company. you remember coinstar. their activist investors at this point. we see shares jumping because

this could be, an important step toward making sure that everyone lives forever and looks like an abercrombieel. we focus on world series, miley cyprus, whatnot. this is probably the most important story of the year. scientists have created life. tonight we have the lead researcher of the project with us live via satellite from yale university. thought it would be interesting to have him explain this to us. dr. faren isaacs. hello, doctor. >> hello, jimmy. >> jimmy: doctor, wow, are you all right? looks like something went wrong? >> nothing is wrong. this is an amazing day for science. everything is going great. we have definitely not sinned against god here. >> jimmy: tell us more about the experiment itself. what have you created, a modified bacteria cell? doctor? >> it was, yes. but it has grown at an alarming rate and is acting out an amazing uncontrollable new ways. >> jimmy: what was that? >> we are just celebrating. we are all, very, very excited about what we have done. >> jimmy: looked look there are other researchers there with you. i would look to talk to them. are they free? >> st

tomorrow hawaii governor neal abercrombie will be opening a rare special session of the state legislature today to debate a new bill that would make hawaii the 15th state to legalize same sex marriages. but conservative opposition could cause trouble in paradise. joining me new, the governor. back in 1993, your state was one of the very first states to lay the ground work for same sex marriage. but the effort failedrvative ba. in 1998, they voted for an amendment to define marriage as between a man and a woman. what's changeded? ? >> i think the characterization of the amendment wasn't quite accurate. it gave the legislature the right to define marriage as always existed for the legislature. so the issue has evolved over time. and i think that's why we're at conditions that we are today are we're ready to have this special session to address the question of marriage equity. >> let me ask you is question i know you've been asked a lot. why call a special session for this, why not as some have suggested allow voters to decide a measure like this? >> it's quite clear in the wake of the supre

all right, so it's hick, but farmers aren't looking for the abercrombie & fitch of agricultural equipmentnd pet supplies. when it comes to growth investors, these are tailor made companies. tractor supply sells at 30 times earnings and lumber liquidators sports a 40 multiple. that's why in the end they are the key to this market. they're the biotech of retail, junior oils of chain stores. both aren't done with their growth. lumber liquidators, third as many stores as tractor supply, their stocks aren't done going higher either. stick with cramer. >>> what a night. after the bell, microsoft, better top and bottom line. dupont, the huge spinoff is going to be gigantic. amazon, much better than expected revenues. and old friend, deckers, ugg, for real. big, big gain. tomorrow could be, we set it up as a little bit better. i like to say there's always a bull market somewhere. i promise to find it for you right here on "mad money." i'm jim cramer, and i will see you tomorrow. aubrey lee price wins the hearts, minds, and retirement savings of more than 100 investors. >> he appeared to have been

i asked, why is abercrombie down, macy's, gap down. i didn't hear anything in particular will what retail stocks have been doing but i had heard in the last couple weeks general mall traffic is down. we talked about a shorter holiday season. we talked about the fact there will be more promotions. a lot of traders are worried about jcpenney, believing they'll be extremely promotional, requiring countermeasures from some retailers. we won't get earnings from retailers but the banks. we'll get them on friday, jpmorgan and wells fargo. the vix, getting close to 20. that's the level i start paying attention to the vix, 19.26 and it's gone up dramatically in the last 20 minutes. back to you. >> for more we to want bring in anastasia, christopher wulff, bruce mccain and bernie williams from usaa. thanks for joining us. we had a tough end of day here given the fact that it seems to be rising rhetoric on this debt deal here. what are you advising clients to do here? >> markets are struggling for direction because there's neither compelling reas

all right, so it's hick, but farmers aren't looking for the abercrombie & fitch of animal feed and pett comes to growth investors, these are tailor mae companies. tractor supply sells at 30 times earnings and lumber liquidators, a 40 multiple. that's why in the end they are the key to this market. they're the biotech of retail, junior oils of chain stores. both aren't done with their growth. lumber liquidators, third amount of stores of tractor supply, their stocks aren't done going higher either. stick with cramer. >>> obama care website builders blame the white house. me, i don't think stocks are overvalued yet. and a possible budget deal brewing. next up on "the kudlow report." ♪ [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the cadillac ats -- 2013 north american car of the year. lease this cadillac ats for around $299 per month with premium care maintenance ided. >>> what a night. after the bell, microsoft, better top and bottom line. dupont, the huge spinoff is going to be gigantic. amazon, much b

i'm very worried about apparel sellers, mall-based because i think -- >> the a&f, aeropostales, abercrombies. >> anybody with apparel accessories because at least they have a home business. mall-based apparel guys do not. and apparel is getting killed by everything going into housing and cars and tech and not sweaters and shoes and accessories. >> as our viewers know or may not know, that we have a bet about jc penney. and i've been crushing you. let's be honest. i said that sales would not go up year over year four quarters in a row. i've won three quarters, thank you. i am presenting you now with a towel purchased at jc penney, i presume, and that i am -- i'm going to give this to you and would like to know, are you willing to throw that in on our bet? >> i am willing to double down. >> oh. >> here and now because the fourth quarter will be positive, store-for-store comps despite the environment. >> i am giving it to you. >> i will double down right now. >> you're not throwing it in. >> i'm willing to double down and throw in a ride on my ducati. >> there you go. jan refuses to throw in th

. >> reporter: but the world couldn't appreciate his abercrombie-like looks until his helmet popped offoment, he joined the pantheon of good-looking folks worshiped on the internet. first, there was ridiculously photogenic guy. snapped running a 10k. >> i kind of feel honored to be part of a joke in good spirits. >> reporter: then, there came the absurdly attractive patient. >> i can't believe so many people were looking at my posts, looking at my photos. >> reporter: and ridiculously photogenic jujitsu guy. >> and now, there's our rough and ready running back. i would like to buy cologne advertised by this man. this lady would like to do more than that. but his twitter feed reveals a crushing fact. date night with my fiancee. he's taken. no luck, ladies. dream on. for "good morning america," nick watt, abc news, los angeles. >> as only nick can do it. you can continue to dream on. this weekend, notre dame playing air force. and hopefully he didn't get a new strap. >> the helmet can come off again. >> yeah. it's just how placid he was mid-play. >> he was almost smirking, wasn't he? like

eastern on "money," how does abercrombie & fitch ceo mike jeffries still have a job?ss decisions to even worse personal choices you have to wonder who thinks he should still be in charge. we'll have fun and debate it. shareholders beware. that is the latest from the fox business, giving you the power to prosper. lori: existing home sales slip ad little in september as higher prices hurt affordability. it is also hitting homebuilder shares today. have a look. down across the board by 2%. 1.75. kb home off more than 3%. with the housing situation being a key metric for the feds, will the report give those who wanted a delayed taper more ammo? for that let's turn to peter barnes in d.c. peteer? >> hey, lori. economist for the national association of realtors, lawrence sun, think as softer housing market due to run-up in mortgage rates the past six months would delay tapering by the federal reserve. would likely delay a cut in the $85 billion a month in the qe bond purchases, but, for now it is kind of wait and see after september unit sales declined 1.9% in a bit of cool

this looks like it's out of ab abercrombie and fitch ad. >> lookses how his hair looks.cep there. >> he has no trouble getting a date is all i can say. >> this picture has gone viral. my favorite caption is rushes up the middle and straight into our hearts. >> i think he looks like tom brady. >> he looks good! >>> stick around, andy. because game one of the world series it was one for the ages. and one lucky fan hat story of a lifetime. baseball fan eric jabs was looking for a ticket on stubhub when he stumbled across a $6 ticket for the world series. it turned out to be fake but stubhub sent eric to the game any way. >> he joins us right now. wow. what an amazing stroke of luck for you! you got a seat. 750 bucks retail is what one of these seats go for? >> it ain't cheap. >> you go how was it? >> it was great. >> we are going to have the whole interview when we come back. >> no, we are going to stay and talk to him while we have him here. i think that is a better idea. eric, give me a sense how much they paid for the people around you. you paid exactly nothing for that

i will be back tomorrow at 3:00 eastern time with my guests include hawaii's governor, neil abercrombie in that picture. that's the exact same shirt. ♪ ...when the world called for stealth... ♪ ...intelligence... endurance... affordability... adaptability... and when the world asked for the future. staying ahead in a constantly evolving world. that's the value of performance. northrop grumman. so i can't afford to have germy surfaces. but a fresh sheet of bounty duratowel leaves this surface cleaner than a germy dishcloth. it's durable. and it's 3 times cleaner. so ditch your dishcloth and switch to bounty duratowel. it's durable. and it's 3 times cleaner. "stubborn love" by the lumineers did you i did. email? so what did you think of the house? did you see the school ratings? oh, you're right. hey babe, i got to go. bye daddy! have a good day at school, ok? ...but what about when my parents visit? ok. i just love this one... and it's next to a park. i love it. i love it too. here's our new house... daddy! you're not just looking for a house. you're looking for a place for your life to

i noted tiffany was down 2%, abercrombie, macy's, also down a little bit more than 1%., you don't have stock traders normally talking about treasury bill yields. when you see the one month at .012, that's a real move, the stress that's going on in the short-term. >>> i want to talk to jonathan down here at meridian equity partners. so many people saying i thought the debt ceilings was going to be cataclysmic. is nobody worried about breaching the debt ceiling? >> everybody should be worried but we don't have this panic celloff that people might have anticipated. knowing these days were coming up specifically october 17th, a lot of investors and traders have priced in the risks. >> we are 2% off the all-time highs. we can't have priced in all of that much. >> a little more pricing is going to come in as days go on and as we continue. we are going to continue to see more measure. >> october 17th, that's not exactly the drop-dead deadline. >> it is not. there is continuing to be some push and pull. we see a lot of media appearances by the president. we saw treasurer lew. >

. >> one new stock, abercrombie, the teen space, lack of a big fashion trend, lack of demand.y expect the company to warm before this analyst day in november? >> i think we are all tired of the scantily clad teen ads. i'm tired of it. i don't know about you. the ripped stomach. if i want a six-pack, the heck with it, i'm buying a coors light. six-packs belong in beer, not advertising. i look at their advertising, it is like between game of thrones and this. is your surrounded by soft born. >> it's about 30% of the traffic on the internet. >> not that crazy about that either. a lot of the video problems is that advertisers don't want to be matched up and it comes out everywhere. i am not a big porn user but i know it when i see it to quote potter stuart. >> i think we should move on. >> let pisani handle that. >> good morning, bob. we are once again record highs on the s&p, dows down, financials weak, tech, industrials, material, generally on the plus side this morning. the earnings is what i want to watch. this is the big week for earnings. this is going to make or break these

abercrombie and finch, macy's.apparel which we've been mentioning for quite some time on the show and whether or not that's going to be fixed in some way or whether there will be resurgence in people wanting to buy sweaters i don't know. >> and it had been a good year for gap. gap is still up 19% year to date. so how quickly the market can taketh away. you know? so many of these stocks have done so well and then when there's one crack, you fall through pretty quickly. >> yeah. >> if gets larger and you fall through. now you wonder what gap is going to do between now and the end of the year. i mean, 7% is a nasty decline. >> there might be a reason why when a name like that gets hit that the rest of the sector takes it hard. if they ultimately have to resort to deep discounting, in jcpenney is going to keep selling $4 shirts and $7 jeans -- >> are they really selling $7 jeans? >> i have people sending me pictures. >> terry lundgren doesn't like it over at macy's. now he's going to be forced coming to the holidays as