>> my message to abercrombie, you think, abercrombie? why don't you get with it? we have an entire new movement against bullying, and your campaign is we hate the fatties? that's no way to have a campaign. we have a socially conscientious youth, and they are not going to embrace your bullying ways. melissa: it's a brand. it's about skinny. >> you know, it's a brand built on that, and i know, for super mass brands it's fine, but when you have a brand like that that the whole image is built on perceived sexiness, it really diminishes the brand. melissa: but it's not working. they had a horrible quarter. >> but here's what offends me about abercrombie -- so many things, let me count the way. [laughter] one, the songs are so loud when you walk into the store. secondly, those annoying greeters who are supposed to be really hot who have painted-on abs -- >> they're naked! melissa: it's possible you're not their demo. i don't want to fend you, we're in the same -- >> but, no, every time i walk down fifth avenue, i walk past the stupid abercrombie store, there's tourists

that's the position abercrombie is in right now.know why it doesn't resonate with teens it's worth examining the selective quotations of mark jeffries. this is a 69-year-old ceo who says things like, we go after the cool kids. we go after the attractive, all-american kid with a great attitude and a lot of friends. a lot of people don't belong, and they can't belong, end quote. or how about this morsel, quote, people said we were cynical, that we were sexualizing little girls, but you know what? i still think those are cute underwear for little girls and i think anybody who gets on the bandwagon about thongs for little girls is crazy, end quote. what? this one is my favorite. i think that what we represent sexually is healthy. it's playful. it's not dark. it's not degrading. and it's not gay and it's not straight, end quote. coming from a guy who's nearly 70 years old, i find that stuff, let's use this word, creepy. and i have to tell you i was prepared for a little jocularity tonight about this piece. i was going to throw on some ab

he has a hold on abercrombie.come to both of you. >> thanks. >> susan, i'm going to start with you if i could. down 25% on the year. are you playing this as basically a turnaround story or a takeover story? why do you have a buy rating on the stock? >> yes. we think at these levels it trades at just five times ebitda, it's expected to have $8 per share in cash at the end of the year. we view it kind of as the same thing as a gap turnaround. the consumers in it like the brand about five years ago. a couple years ago they were in a similar situation and implemented similar initiatives that we see them implementing now. two years later the stock has nearly doubled. we think abercrombie given its strong brand, global recognition is in a very similar spot and we think they have the right initiatives to really take it to the next level. >> howard, what about that? because susan does have a point, does she not? everybody was left gap for dead. i mean, they were writing off that stock. and they did manage to turn things a

alan: abercrombie and fitch has gone down so much. it's at 33. 30 is a huge baseline of support--- andrew:---have you seen the people that work there? why would you not go into lululemon? alan: 30 was the baseline of support---a 2009 break out. we've come right back to that. lean on 30, you can buy some january of 2015 25 calls. your break even's only a dollar higher. angie: topic number three--- trading touchdowns. trading touch downs- the company "fantex" offering investing and trading in football players recently ipo-ed-- are you an ipo buyer? alan: it's just another way to take advantage of those financial markets. if you can control your risk, i'll trade anything. but these two players, so far vernon davis and another guy---i don't follow football that well. but it's a present value of future earnings equation just like bowie bonds. so there is money to be made. ipo's are all the rage right now. but that as a bull has got me a little bit worried. i think people are getting a little bit irrational with their money with all that's

abercrombie and fitch has had a drop in their quarters do you think this will help them? >> no. a couple of years in retell was not okay. at some point in time, one quarter best-you have seven quarters, is about two years of problems with a mentor. people have stopped shopping there. >> think they would do good, no, they will not turn around, was working in retell is places like tjx. you can get things for 40 to 50% off. >> and guess is different. abercrombie rego zack the teenager and gas go after everybodye is out to younger people, the gap has not been fun since capri pants. that's all i to say about that. >> did you ever appear? >> no. >> i would never work pants the show my ankles. >> it may sound like a shark tell, but it is true. this is what was washed up on the san francisco's ocean beach. this is believed to be a salmon shark. at least according to kirk lombard. here's a guy who saw the sharks into this video. >> it could be, but they basically look like a but just a miniature version 1. he relies but it was on the verge of dying but he did report the video. >> the tim

. >> abercrombie & fitch has been a disaster. any saving grace for it? >> i think what they outlined at their analyst meeting was pretty abysmal. they are struggling to figure out what the dna of their customer is and they are moving in the opposite direction of fast fashion. they say let's slow our fashion down. it doesn't make a lot of sense. >> you should ask her about chess king. >> i bet she knows about chess king. >> i bet she does. >> it sounds like you are pretty cautious in a lot of the retailers. the fashion trends have fot been strong because the colors are muted and mall traffic is weak. >> i think you want to go in the direction of global luxury and accessories. ralph lauren, coach, anything that has some sort of global story and really a luxury angle is a better place to be. i don't expect any of these companies to do terribly well through the back half. they are buying other things. >> thanks for coming by. appreciate it. you like that global luxury angle? >> i do. i sort of agree with it. coach is bruised and beaten up. it is a real name.

before today's analyst meeting abercrombie and fitch announced another disastrous quarter for sales, comps down 14%, slashing full years earnings guidance and closing its 30 gilley hicks branded stores. the ceo continues to blame weak teen spending but they made a number of mistakes, little too cool to admit. nearly all of 2012 they had too much inventory that weighed on comparable sales and then in early 2013 inventory too low. now the retail sees, quote, significant gross margin rate erosion as it clears excess inventory. here come the promotions. may not be enough. the merchandise has become unpopular among its targeted cool kid consumer group. they don't carry sizes for women above large, but by spring will introduce more sizes, colors and fits. numerous surveys indicate abercrombie's brand strategy of nontrendedy little changing styles at high price points have moved them from the hot list to not list for teens and investors alike. shares have fallen 29% this year while the s&p retail index has gained 37%. richard jaf fy notes the retailer is playing good defense by cutting expe

forteny is staying away from abercrombie & fitch.ays the teen retailer failed to produce a credible plan to turn things around, but this track will become a great value stock pick if it can show better products and a shift in consumer preferences towards or back towards its brand. that's the reason activision versus abercrombie & fitch a tale of two stocks. >> guys like jim talk about this because a stock is cheap does not mean it's a good deal. >> cheap for a reason. >> right. >> in a declining business, margins stink, whatever. >> and they become to many value stocks but i would say when you take a look when you mentioned, i was going to say, take a look at the short interest in those stocks that you think are value stocks versus value traps and ask yourself if there's a big short interest why it's there. i want to say on abercrombie which is interesting, you know, as they pump that stuff out of the store that odor it keeps people from going in because it stinks up the mall which is why until they get rid of that it will not ever b

looking at abercrombie and fit fitch.f calm sales that have been dropping. up 15%, and amazon black friday, so every 10 minutes there will be a sale. pretty good news if you're interested in that. phil flynn, what is going on in chicago? phil: we are getting about the manufacturing number in the oil market right now. the dollar getting a little bit weaker because of the chance of tapering going down a little bit. what is weird, this is coming at a time oil demand seems to be suggesting a boom in demand. we saw the oil prices reverse after that number, up over $1 right now, but we're still being led by the products. gasoline futures up over a nickel per gallon, but it is not all macroeconomics. the talks with iran are not going very well right now pu putting some of the risk premiums back into this market. some reports of some loose bombs in saudi arabia. it is putting the risk premium back in the market. for a long time we have been worried about what is going on in the middle east, but we are seeing that impact the oil m

>> abercrombie and fitch were 50% off yesterday evening.very little promotion but we saw the longest lines, strong sign for them. on the flip side lot of mid tier department stores continued to struggle. this is the year of the high end, we will continue to follow through. ashley: all of these store openings on thanksgiving day, does that change consumers' outlook? does that take away from black friday? >> i don't think it does. over the past ten years we noticed one of the busiest online shopping days is thanksgiving day. the fact that those sales are starting to shift to brick and mortar stores and online is continuation of a tradition we have had over the last decade. ashley: does it heard those stories that made the decision not to open for the sake of their employees? did they lose a lot of ground by doing that? >> it is hard to tell. i would say mall traffic was so cayley in the evening last night. today we got back from the mall and it was much lighter. i would say today was more akin to a normal holiday saturday. we will monitor the

. >> and the major marketing shift for abercrombie & fitch. ,, ,,,,,,,,,,,,,,,,,,,, bay area gets soaked by its biggest storm of the year. paul deanno shows us where ing right now. >>> now at 6:30 roadways flooded people running for cover as the bay area gets soaked by its biggest storm of the year. paul deanno shows us where it's raining right now. still raining out there? >> not on the sierra yes, in the bay area, no. we had a soaker of a day today. watch the contrast between the live picture, rain is done, and the six-hour ago time lapse. look at all the rainfall racing off. at lunchtime there it was racing through. it's heading east. we are getting a break. the roads will still be wet for the next several hours but the heavy rainfall after several hours of it is now finished. what comes next? the answer in about 12 minutes. >> thank you. >>> the stormy weather gave sfo a chance to test out a new landing strategy. mark kelly shows us how it works and what it means for travelers. >> reporter: a good part of the day today here at sfo it was just cloudy and wet. very bad news for an airp

abercrombie & fitch.beat estimates by 7 cents with quarterly profit of 52 cents a share. but they also said they expect to see same-store sales drop in the low double digits in the current quarter. abercrombie & fitch the teen retailer. and dollar tree as joe mentioned, missed estimates by 2 cents. revenue was also a little light of conconsensus. they said a very cautious consumer environment is what they're looking at out there. they said the numbers that did come in, they had new customers coming in, new traffic. increased customer traffic. >> creamed. >> what you saw from both sears and target there was a lot of moving different pieces. they lost 15 cents a share for the third quarter. that was a little smaller than the 3.39 that analysts had been expecting, but revenue was shy of estimates here. they are spending more money on the stores and that's going to cost them over the short-term to make those investments. that stock's been under pressure too. it's a big story taking a look at the consumer. how

you could see a big pop in abercrombie. >> and trading back to pre-lehman levels. and bit coin heads to the hill. we will take you inside the risks and regulations or lack there of coming up. >>> welcome back to fast money. shares relatively flat in the initial part but now up about a percent. reported earnings that match analyst estimates on sales that beat estimates but it was the outlook that was a bit more of a mixed bag. the company also announced a partnership with packard. >> josh, what's the trade here? >> you printed a really nasty red candle going into this earnings report today. so the short term traders if it doesn't, i don't think you want to be long the name. >> are you going to comment on this? >> you know, it's 2013 and people use technicals to trade short term stocks. >> i thought it was a bed bath and beyond trade. >> he is just being childish and giggling about the mention of the nasty red candle. >> he has got a sense of humor. look at his tie. >> what are you saying? >> we should note, jim kramer is speaking with salesforce.com ceo. >> we offer

i think the business is on a lot stronger footing than abercrombie & fitch. they have a strategy that works well. they just had some fashion missteps. while the stock is not doing very well right here, i think that's a better place to be if you wanted to dip into a beaten up team name. >>> happy turkey day. and it's hump day. all of guy's favorite phrases. >> and i'm going to fly to bean town and maybe go to fris co-. lol. >> coach or j.c. penney? >> ultimately there have been rumors that these guys are starting to see holiday sales. >> i don't believe there is value there. it just -- gas prices haven't been this low in four years. if you think about where people are coming from for the shopper that we think has been wounded -- >> you know, actually i like coach. exactly what liz said. only going to take a marginal amount to make this thing up. if you can get through that. >> this stock is up from 48 bucks. i mean, the spiral that it was in. >> it's not doing a macy's or any of the ones that everybody just loves. >> josh. >> i liked visa for 150 points now. s

. >> abercrombie is in a pinch now backing down as the ceo famously said the large people should notthem and he was done with me but now the alex is bleak now they're ffering larger sizes. now you say fat chance they will give this another chance? >> if you have had it with the superficial elitist just like lululemon blamed it on the people wearing them but shares our off 1/4 of their value in the last year and the ceo acknowledges their missteps. they may be poised for a turnaround and if you buy that strategy it to be interesting into point. >> i think once they make a mistake it could take a while to recover but maybe that is too long? >> it is a tough business. and get their retail closers they just clawed their way to the top the that is what happened to abercrombie. so now they switch sttategies now they will tailor themselves to the larger people but it is interesting anthropology from my neck of the woods opened the door to cater themselves to the petite people which shall win? ♪ >> it is time for the nightcap before you go to bet we will tell you what to expect among other t

how about abercrombie and fitch? down 13.5% now for abercrombie and fitch.stores that are underperforming and those are going to try and bring in shoes, expand sizes and obviously make it more interesting for the holidays because they have been struggling with sales this year. and the bigger story, jcpenney. townsend and .5% right now, $7.67 per share for jcpenney. continues under pressure. down over 60% this year. back to you. liz: retailers, extreme importance stocks heading into the holiday season. seems like the sky is the ceiling for stocks. soaring high like superman. one money manager with more than 2 trillion in assets under management in her company says we might see a pullback soon but don't fret, could be an opportunity to make a pretty penny. joining me now, liz ann sonders, charles schwab senior vp and chief investment strategist. i was saying earlier that you were here two years ago saying you can bellyache all you want but the market will continue to go higher. but let's talk now. now it's been a long bull market. >> i think in the very short

liz: reminds me of abercrombie & fitch crack from the ceo.ategy to offend a big swath of your customer base. i have yet to see these yoga pants come with instructions so they don't get pily as he is talking about. charles: to a certain degree a copout. our pants are typically good as long as there is no friction. you charge a big premium for those yoga pants they better work. >> by the way these are woman who want to get in shape or staying in shape buying the product f you're selling the product who care is buying it as long as customer actually has money to purchase the product, who cares? charles: this guy, the by the way the founder, pushed out the ceo. there was a mistake with the yoga pants, right. their ceo was a phenomenal woman. she was a great ceo. she made one mistake. she was on top of this. he had the board canned her. i think is is out of his mind. i think his ego will kill the company. >>> biggest show in history, big ratings, big money, you know the show, "breaking bad." we have the creator, vince gilligan. he is right after t

abercrombie and fitch down big. sales plunged 12% down 9%.t drop of $9 brought the price of gas down, up another penny overnight. [ female announcer ] tide pods three-in-one detergent. pop in the drum of any machine... ♪ ...to wash any size load. it dissolves in any temperature, even cold. tideod pop in. stand out. stuart: breaking news from the kathleen sebelius hearings, she tells the senate panel, quote, we will have enrollment numbers this week. we were is supposed to get them mid november so that is on target. i do have a surprise from ebay. nicole petallides will tell us about it. archon will take it? nicole: a removing the stock big-time. the question is whether carl icahn is interested in ebay at all. the rumors began circulating at 9:50, the stock shot up on heavy volume. is up 4.2% and the as been circulation on street accountants that acknowledged it. there has been no confirmation of the rumor. stuart: bosh a and the rumor, sell on the news. charles is going to try to make us some money with a company i don't know. charles: microe

. >> how about abercrombie. we are down 14. >> 69-year-old man trying to be a 23-year-old youth doesn't like people who are uncool. maybe there are not as many cool people as we thought. when you have the erosion he is talking about that means there are not as many cool people to pay for yourself. there are versions as someone who is a 58-year-old man. i went by the stores the other day and i find them pornographic. the pornography look is not selling. >> some have shown managers nibbling at the levels. >> maybe they are 13 year old managers. i think there is a core value of anything that can be destroyed. retail is a very funny game. you can miss a couple of quarters it is okay. you miss a couple of years and you are nowhere. >> you see guys where they see jeep. not because of experatize or retail. it is a different beast. we have seen that. difficult once you chase your customer away. >> i brought a lunch bag every day to school. it's called a -- it's one of his best customers. he has 10,000. they were the hot

home depot, wednesday, cjc penney, thursday abercrombie & fitch and the gap. we're going to try to get to the bottom of the stocks. should you buy it, sell it or stay away? that's all week right here on "power lunch." 1:00 eastern. by now you may have heard that timothy geithner has a new job. it's in private equity but there's a great backstory here. steve liesman has it next. and mother nature unleashing her fury in italy. look at that, a major eruption under way on the island of sicily, that's mount etna. blasting away for the first time since 1992. frightening pictureses from illinois. we'll have the details on the damage of a wave of tornadoes caused there in the heartland yesterday. they're still cleaning up this afternoon. more "power lunch" when we return in two minutes. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional in

now the bill is headed to governor neil abercrombie. >>> "real money with ali velshi." >> the stock market is cooking with gas, and americans are piling into the kitchen to get a piece of the pie. we'll go in to see if we should load up. and raising the minimum wage could be picking up momentum. what grease mean for workers and small businesses. >>> and let the video game hiring begin. it may help you land your next job. this is "real money with ali velshi." >> this is "real money," and you are the most important part of the show. stock markets closed lower on tuesday, but please don't mistake being down for being out. the s&p 500 which mimics some of the stocks that you may have in your ha 401k. it is up 24% so far. and generally there is a gain that will pick up 6% or more. but the bull run goes back to the bottom of march 9, 2009, and more or less picked up all the way since then. if you invested right there on march 9, 2009, it would be worth $2,611 just for your investment. i don't know about your taxes. but you wouldn't have invested back then because march 92011 feels opposite of wh

[applause] approved in the state senate and signed by democratic governor neil abercrombie. it overrules the limitation of marriage on the island state. >> we stand on the principles of equality and justice and liberty for all mostly we stand on the principle that all marriages are now equal. >> reporter: earlier this month illinois' legislature also passed the same-sex marriage bill. now it's in the hand of democratic governor pat quinn, who is expected to sign the measure into law soon. >> at the end of the day all we're talking about is treating each family with the same equal law. >> reporter: in october new jersey's supreme court unanimously decided it would begin recognizing same-sex marriages, too, rejecting appeals to delay the position. >> marriages are equal in new jersey? >> reporter: a move where governor chris christie dropped his opposition. a statement from his office: these three latest join a growing list of states in the midst of changes to marriage law. today 15 states plus the direct district of columbia see same-sex marriage as legal, and ten regular civ

governor neil abercrombie says he will sign it, the new law taking effect on december 2nd. additional revenue can be expected. the university of hawaii says it will boost tourism by $217 million over the next three years. >> it's a different story in indiana which bans gay marriage. indiana lawmakers want to strengthen that law by defining what marriage is. >>> when beth moved back to her home town with her partner trish 3.5 years ago the state legislature had been debating gay marriage. >> it's not surprising that the indiana legislature would attempt to do this again. there's a political base that would have the expectation that they would pursue this agenda. >> it has been pursued every year since 2004. this year is no different of the the latest attempt has the backing of lawmakers from both parties, a proposed amendment to a constitution saying: >> opponents say turning the ban on the books into a constitutional amendment will make it difficult for same-sex couples to have equal rights. >> allowing same-sex marriage has implications for inheritance tax, pensions - a nu

neil abercrombie is expected to sign it later today. and it's an emotional moment for supporters of the legislation and some of the lawmakers who passed it. >> i hope that we honor each other's differences and celebrate the life that we have together in hawaii irrespective of the diverse views we hold on this subject. life is too precious not to care for one another with compassion and respect. >> the vote comes one week after illinois also approves same-sex marriage. democratic governor pat quinn will sign that bill into law next week. >>> let's turn our attention to business where an agreement has been reached between american airlines, u.s. airways and the federal government to create the largest airline in the world. this mega merger viewed by many as a victory for the airlines can now move forward with a few concessions. what we really want to know, how will this impact customers? usually it's not necessarily a great thing for pricing, right? >> yeah, absolutely. and i think we'll have to keep a weathered eye on this one. because b

abercrombie & fitch will begin offering plus sizes for some of its women's clothing online next year. get this. the store currently does not sell sizes above a 10. the retailer was slammed after its ceo said its close were more for quote cool and good- looking people. abercrombie & fitch hopes the plus sides also help business to help boost sagging sales, also its stock price which is down 25% so far this year. so it's a little desperate now it's caving to critics. >> it's also the holidays. so quit an about-face there. huh? >> reporter: you bet. yup. >> all right. alexis christoforous cbsmoneywatch.com, live in new york, thanks. >>> 5:42 right now. seatbelts on the bus? the new law aimed at keeping you in your seat and when it's set to kick in. >> and an apple a day may keep the doctor away but if you want to live longer you may want a handful of nuts. just how much you need to eat to reason the benefits. >> the things money can buy and probably shouldn't. what one woman did to put a twinkle in her eye permanently. ,,,,,,,,,,,,,,,,,,,, of the beholder. this woman is ge heart >>> a ne

. >>> struggling retailer abercrombie & fitch is going back on its word and will start selling largerhes for women by next spring. the company doesn't carry sizes larger than a 10 right now. might recall abercrombie & fitch's ceo stirring controversy in the past saying their clothes were meant for the cool and attractive people. the company has lost about 30% of its value since last year. >>> time now is 5:51. coming up, a simple act of kindness. why this man says he allowed a complete stranger to fall asleep on his shoulder. >> and one couple bringing a whole new meaning to until death do us part. coming up. aren't you sweet! licensed phone-ups available 24/7. >>> a traffic alert in san jose. pedestrian hit and killed on the ramp to both directions of 87 shut down for at least another half hour. we'll have the latest "kcbs traffic" a full report coming up. >> i can't believe it's this time of year already. the holiday ice rink is open in the embarcadero in san francisco. check it out it's a great time. temperatures should be nice too. about 63 degrees. >> it's safe to assume this cak

governor abercrombie has indicated he would swift sign e measure into law. >>> and in "the huffington post," mitt romney advising boston group exploring potential bid for 2024 olympics the former massachusetts vernor successlly headed the 2002 winter olympics in salt lake city. >>> and topping our ne, nearly 2,0 people are confirmed dead in the plippines from typhoo haiyan. officialwarn the death toll could climb to more than 10,000. >>> dens of americanailors and more than aircraft are on their way on board the "uss george washington" to the hard-hit area. military officls say suicides among service members are down more than 22% this year. e number spiked to 349 last yearthe highest since the peagon beganracking in2001. >>> andoronto mayor rob for told supporters monday that he is, quot not going anywhere, guaranteed, follong his admission at he smoked crack cocaine. the city council is expected to vo tomorrow on an unprecedented motion that wld remove ford fromffice if he doesn't take a leave of absence. >>> okay. so in singapore, fans of anime flocked togeth for an ultimate night

abercrombie, where is that? >> the fickle teens are not hitting abercrombie, not lately. it down 1.8% for abercrombie. stuart: that's another retailer taking it on the chin first thing in the morning. all right. we do have strong profits at green mountain. where is that today? >> here is a caffeine jolt and this is because actually they're working on licensing some agreements that they have been working on. they were-- are in licensed and going to be licensing them, that's good news, up 11% for green mountain coffee roasters. >> a lot of people are happy with a 11% gain. all right, thanks, nicole. a couple of other stocks i want to check for you. there are reports that say yahoo! that big shared buyback that we announced yesterday might be setting up a big purchase by yahoo!. pin tress, snap chat, buzz for example, potential takeover targets for yahoo!. look at the stock go, up another 2% this morning. amazon not waiting for black friday. oh, no, deals start sunday. amazon will release deals every ten minutes all week, the market likes it a bit. up nearly 2 bucks at 364,

but abercrombie and hollister were the most crowded. >> but abercrombie & fitch, they warned about thatm american eagle, everybody. >> it's all changing. how deep do you think the discounts are this year versus last year? >> well, it's interesting, i thought they would potentially be deeper. so abercrombie was at an additional 50% off the whole store only until 4:00 a.m. hollister an additional 50% off, and there was a $10 gift card with purchases, as well. aero was at 60% off. but they didn't open at the same time. so the mall that i hit had an abercrombie, hollister, and eagle all open, aero didn't open until midnight and didn't get the traffic. >> we know teens are fickle. we know they shift with the winds. but is there something different happening here? is this not the same old teen trend we've seen in the past? >> well, i think there's less out there for them to be buying in terms of apparel period. it's a lot of the same old, same old product in the marketplace. and i was noticing last night and into this morning, it was a lot of parents in the store shopping for the kids. and wh

abercrombie & fitch down 27% since last christmas. air row postal down 24%, american eagle down 21%. the gang is still with us but sara, let me start with you. you know, those were the hot names a few years ago. the abercrombie, american eagle, used to be hot with teens but doesn't look like they are now. what did you find out? >> hi, thanks for having me. the teens i spoke with said that, you know, they're more interested in culltyvating their own personal brand than following the brand that, you know, were the big names in the past. they're not so sensitive to having specific logos or having specific looks that are cultivated by a store. they want to do it themselves. >> all right. you know, when i was at the mall with the teens one of the things that struck me is the use of social media to decide what was in and what wasn't, what was out. the instagram ranked very high. did you hear anything like that as well or not? >> yeah. with the girls i spoke with they did say social media is a factor. big fans of instagram. they're also look

. >> and retail from abercrombie & fitch to dollar tree, retailers are falling on disappointing quarterly reports. the one bright spot is williams-sonoma, reporting a profit of 58 cents a share. how do you trade the sector heading into the holidays? a week to go until thanksgiving. >> yeah, i think what willia williams-sonoma is telling you is what michael kors told us the other day. there are two different consumers, and the high-end consumer won't stop shopping this season. i think that if you look at all of the hiring that's happening at retailers all over the country, this could be a much better-than-expected year, versus prior years and versus what they're thinking so far. so i like the group going into the holidays. >> all right. well, goldman sachs just released its 2014 outlook for stocks, including four suggested strategies to find value. we're going to find out if the traders agree, and what your best play could be. then hedge fund heavyweight david einhorn is here to reveal his best investment idea, exclusively on cnbc. that and much more is just ahead on the "halftime report."

we have teen retailer abercrombie & fitch, cliffs natural resources, dr horton and solarp. a diverse mix of stocks, ab berby, cliffs, dr horton, while first solar is up 95% year to date. back to you. >> terrific, seema, thank you so much. that was fun, guys. >>> calling this a storm is an understatement to say the least. it is turning into one of the biggest ever recorded. the it is a super typhoon with 195-mile-per-hour winds. hundreds of flights have been canceled. tens of thousands there trying to take cover in the philippines and other parts of asia. there could be major fallout for business and the global economy. we're all over a still developing story. the latest on this monster storm coming up next. it's as simple as this. at bny mellon, our business is investments. managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has. investment management combined with investment servicing. bringing the power of investments to people's lives. invested in the world. bny mellon. a lot can ha

shares of abercrombie & fitch fell more than 13% in trading yesterday as investors yanked money out following disappointing sales numbers and a weak holiday outlook. the management admits the company has lost its cool factor with teens. holiday shoppers are "not" gobbling up the idea of shopping "on" thanksgiving day. this week staples and kmart revealed breakout plans to open stores at 6 am "on" the holiday. i think that's excessive. imagine the employees who've got to be there all day. it's a family holiday. i'm sure there are a lot of people who want to go shop but i'd like to hope that some would rather visit with their family than go shopping for a deal. consumers have launched an online petition, pleging not to shop on thanksgiving. kmart is responding to negative feedback, saying it will schedule volunteers to work when possible. retailers macys, jc penney and toy's r us are also upping the game by opening stores later on thanksiving. kmart is the only retailer pulling an all nighter. some of it is publicity. kmart needs to create attention because it is less and less relevant every da

. >> governor neil abercrombie signed the bill into law on wednesday.ll allow the same-sex couples living in hawaii to marry. they expect same-sex tourism to be boosted by $200 million in the next three years. >> in the philippines typhoon survivors are getting more desperate by the day as relief effort trickles in. here in the u.s. loved ones are waiting to hear word. southern california is home to the largest community of the filipinos outside of the philippines. bill whitaker reports. frustration is building. >> reporter: for los angeles shopkeeper virgie lyons, her phone is a blessing and a curse. a blessing because it's provided the only contact with her family in tacloban. a brief call from her brother saturday before his battery died. a curse because she hasn't heard from him or anyone else since. what did he say? >> he said, we're okay. don't worry. he's like screaming. tell them we're okay. after that we got cut off. >> reporter: her sister in manila heard her two young nieces survived the typhoon, but they died yesterday whether from hunger or

one thing to note, abercrombie, cliffs, d.r. horton, they're down, first solar, regardless of making the list, is up 95% year-to-date. scott? >> all right, seema, thank you very much. >>> a tough week for tesla, and it's getting worse. it's sinking deeper into the red today. we'll break down the breakdown next. >>> and later, the "wall street journal's" john hilsenrath is here to explain what the jobs report means for today's economy, and what the fed could be thinking. >>> of course, what it means for the portfolio. that's coming up in a little bit on "the half." jackie: there are plenty of things i prefer to do on my own. but when it comes to investing, i just think it's better to work with someone. someone you feel you can really partner with. unfortunately, i've found that some brokerage firms don't always encourage that kind of relationship. that's why i stopped working at the old brokerage, and started working for charles schwab. avo: what kind of financial consultant are you looking for? talk to us today. the ocean gets w

futures have a decent tone, despite some stocks that will struggle at the open, like abercrombie, likeesla. and europe got a boost from a blowout number out of manufacturing out of germany this morning. twitter set to price tonight, begin trading tomorrow. right behind us here at post nine. >> tesla shares, they're skidding today after vehicles delivered missed expectations. earnings and revenues did come in ahead of consensus. >> abercrombie and finch posting a seventh consecutive quarterly drop in guidance. >> our guest says he knows who the next microsoft ceo will be. >> and twitter will expect it sell 70 million shares between $23 and $25 each. tune in tomorrow for our special coverage of the wall street debut on twitter. it is above the fold today for "usa today," retailers talking about going from 45 to 48. >> may i just say their coverage has been exemplary. every article they have -- yesterday was terrific, today was terrific. you have to read "usa today." here's what worries me. a few weeks ago i sat here and i said this could be $20 billion. at that point it was 10, 12. peopl

now you see abercrombie and others talking smaller stores. >> bill, i want to ask you about the weather and over that weekend, there's a storm forecast to hit along the i-95 corridor through the carolinas, very messy weather. rain, sleet, snow, you name it. how much of a problem is that for this weekend? >> remember, we have a short season this year. >> right. >> the shortest it can be. i think it will have a little more of an impact than it would be if we had a longer season. on the other hand, i think pretty much, people have a certain amount that they want to spend. and they are going to find a way to spend it. if they are on a budget of $700 or $800 for the season, $500, whatever it is, if they have 10 days or 20 days, they may do a little less comparison shopping, and we're clearly seeing some reduction in traffic in the malls in general. but an increase in sales, so people are being more efficient about their shopping, i think they are using their smart phones. so that they know what merchandise is in the store before they come. they are able to check other stores while they are i

one size does not fit all, unless your abercrombie and fitch and don't seem to care and you assume thatcustomers are at 32-inch waist and chiseled chest. let's just say fat chance. let's also say very good chance. >> it's great to be with you. you are right on par with your analogy. this will cost a lot more money and the will one to come around and more the system won't have an increased capacity. >> you're going to make an analysis by paying the penalty. >> you know, legislation was passed. >> it's like he didn't even have to take it, but he's covered because of the law. this is another thing and it's going to go on and on. the sign-up sunk the titanic. neil: it was not all that it was cracked up to be, i will tell you. and particularly, they are saying i told you so, i told you so. everything would play out. >> and then the notion that the butter knife needs to be taken to all entitlements. >> you think that he knew this when he was not up to speed. >> you were governor. and a very special governor. people are taking initiative with something you are doing and it wasn't going to go a

and abercrombie has tremendous difficulty. i would not be buying this. i wouldn't pick bottoms.'s see how the next couple months works out let's see if the stock finds support before you go in and be a hero. >> another drop in the form of whole foods dropping 7%. >> this was the first time in a long time, almost several years that whole foods actually downgraded the next quarter. they have always raised it. so i think you probably have sideways action here in whole foods. probably stay away from it for a month and see what it does. >> okay. we have michael kors, this is a pop, popping 6%. >> double dose of good news, being added to the s & p 500. probably some time next week. obviously, the quarter they reported, first quarter was outstanding. i think the stock is getting into nosebleed territory. we liked it for a while. at these levels i think you have to get out of longs or get out of them entirely. i wouldn't short it. i think it trades back down to low 70 sglz drop in the form of zillow dropping 4%. josh. >> i would stay away from this. there was serious support at 80. it b

that is so bad for sales resaw abercrombie and fitch whon from j.c. penney. forget it.l: it takes a long time to overcome it? >> if i am the board of director i call with the ceo to say obviously you are too stupid to run your own company. let's get somebody a little smarter and get him out. neil: he is one of the -icest guys on the planet. >> marvel is skipping networks going straight to netflix to develop four new super heroes series. >> it is brilliant. netflix has come out with the house of cards, oranges the new black the series' only on netflix i don't know if marble works out but it is not our fault that will be something else i think it is a fourth network out there or the fifth network. >> one-third of the bandwidth because of netflix bigger than facebook and is still cannot get the content deals so comes with its own cartoon san superheros that is the way to go they do very well at the box office by and just waiting for superhero neil cavuto. >> they get their shows on a device they are not slaves to the schedule or time. this is the way we're going. >> buckle

neil abercrombie has indicated that he would sign the bill. >> a classic trek on the basketball courts terribly wrong for a harlem globetrotter in honduras. take a look. >> that's bull bullard of the harlem globetrotters, he threw down the dog during a gang and honduras, but the whole basket came down on top of him, hitting the floor and scattering. he is okay. he was up and walking run by end of the game, he did have cuts on his forehead. >> coming up on the kron4 morning newest. we will have the tech report i love watching tv outside. and why can you move the tv out here? the wireless receiver. i got that when i switched to u-verse. but why? because it's so much better than cable. it's got more hd channels, more dvr space. yeah, but i mean, how did you know? i researched. no, i-i told you. no. yeah! no. the important part is that you're happy now. and i got you this visor. you made a visor! yes! that i'll never wear. ohh. [ male announcer ] get u-verse tv for just $19 a month for two years with qualifying bundles. rethink possible. >> time for the tech reports with gabe slate. >> a

. >>> big changes coming to abercrombie & fitch. the struggling retailer plans to roll out larger sizes by spring in hopes of attracting more customers. ambercrombie's ceo has famously justified its lack of plus sizes saying they're going after the, quote, cool kids. but the company is changing its tune as sales and stock prices have plummeted. >>> and starbucks is joining the effort to put veterans to work. the coffee chain says it will hire 10,000 vets and military spouses in the next 5 years. >>> walmart apologizing for offering rock-bottom prices that were too good to be true. the retailer set off a buying frenzy on its website with computer monitors going for 9 bucks. treadmills at 20 bucks. kayaks, 11 bucks. can you imagine? i'll take three of each. a technical glitch is to blame. it will not honor those absurd bargains. the customers will get a $10 gift card. >> i never go on shopping sprees at the right time. i could have gotten a $10 gift card out of this. >> it would break my heart if i had a monitor and a kayak and -- >>

abercrombie is down 11%. and forecasted short of expectations.g on a turnaround, some strategic initiatives. we are watching j.c. penney with a turnaround of its own and lulu lemon getting positive comments and there was talk about the groovy pants, which citigroup has a buy rating and $80 target. and ralph lauren has wholesale orders, four retailers that we know well and will follow through the holiday season. cheryl: that was great. thank you very much. appreciate it. dennis: the players union for major-league baseball looking at the relationship between j z, newly minted as a talent agent and his first client robinson cano. jenna is the guy and a $40,000 watch for his 30 first birthday, limited edition classic fusion sean carter watch and party in october. and notify the union in writing if it is more than $500. started in june. cheryl: does it really matter if it makes sense? been not. dennis: the entire economy and country needs it. cheryl: there are a lot of lessons being learned this morning. we will discuss the future of the fractured rep