stephen: this is abercrombie & fitch. certainty at this stage the company will be sold, at a 17-year are low, which makes them vulnerable to a takeover. the brand has been suffering from falling sales in recent inrs, recently falling by 7% the last quarter of last year's. it seems like abercrombie plus days are over from its peak. genie: and what he peak it was. thank you for watching. it is time for the press review. florence villeminot is with us, taking a look at what the papers have been saying. a huge story coming out of the united states, president donald trump in the spotlight after the shock decision to fire james comey, the head of the fbi. flo: he fired him by a letter that is on the front page of "the new york times" today. trump essentially says that comey's job is terminated and removed from office, effective immediately. you can see it is quite a short letter, which ends by saying i wish you the best of luck in your future endeavors. according to "the new york times," comey learned that he had been fired whi

we want to check shares of abercrombie & fitch. they have resumed trading at this point so we are seeing them trade higher. they were halted up on the dow jones headline that american eagle would make a bid in this auction. express is not yet out of the auction so could be a player still but we do have shares open for trading again. >> mulvaney testifying today. democrats going after him for cuts of social programs. mulvaney, like he did yesterday, saying spending has to be justified to taxpayers. deep spending cuts raising doubts about congress adopt iin it and without a budget the likelihood grows and the chances of tax reform fade. still, none of this seems to faze richard turnhill. >> you have the fundamentals in the economy as seeing growth picking up. the investment spending over time. if you did get a material tax package now coming through a net positive surprise. >> is turnill right? joining us is larry kudlow. layrry, great to see you this afternoon. the reflation trade has not been on. the dollar is moving in the opposit

fitch,abercrombie & excuse me.ccording to "the wall street journal" are potentially getting a bid which could be teaming up with american eagle outfitters, according to people familiar cited by the wall street journal. the shares of abercrombie spiked and took another leg up. american eagle similarly is spiking by 3%. "the journal" says express is in the bidding as well as more with other private equity firms. and the bidding for that company seems like it is pretty wide open and we will track it and see if that get confirmation and if there any further developments. the shares are clearly reacting. american eagle getting another leg up. averages and the movement we are seeing, no big spike on that front. the s&p 500 is having the tightest trading range not only of the year but going back to 1996 and only swung three points in today's session. doubt and nasdaq not seeing much of movement even if movement is slightly positive which would mean a fifth straight day of game g -- gains. to the downside, general electric

abercrombie & fitch has been struggling after being hot with teens. it's getting worse as fewer people are shopping at malls instead turning to online shopping. so righters is reporting that abercrombie has hired an investment bank to field potential offers. a lot of speculation about ac ke idation in the retail spade for $2.4 billion. >>> the james comey news is not sitting well with wall street either. that's sending stocks a little lower. let's go to the big board and see how we're doing so far in the early going. dow down by more than 40 points! the nasdaq and s&p also going lower. back to you. >> thank you. >>> tesla's excited to ramp up its work to create a self- driving car by the end of the year so it wants your permission to take some quick videos while you're behind the wheel. those videos will be used to help hone the autopilot's visual recognition capabilities to keep the cars on the road. the electric automaker wants to ensure customers the short video clips are not linked to cars' id number. the latest software was rolled out this week.

trade to abercrombie and fitch tried to sell to survive.ailer said it hired investors look for potential buyers. express an american eagle outfitters may be interested. abercrombie has struggled in recent years. in 2007 the company was for $7 billion. now the number has fallen to less than 1 billion. while reports that abercrombie and fitch is the hope is that yesterday, the shares are down 43% in the past year. lauren: already firing chapter 11. further teams going to shop? watching the department stores today. speaking of shopping. call of macy's and reported a first-quarter numbers. solid sales and competition. they responded by closing stores from a release in real estate in keeping inventory levels pretty low. theses and calls expect a key fall this year. coles expects them to be flat. this is an closer part of course reported for the open. nordstrom after the close. nicole: president trump defenses firing of fbi director james comey is a writes a letter. >> he wasn't doing a good job paid very simply, not doing a good job. nicole: wil

abercrombie took off, up 6% to $12.89. >>> williams sonoma beat profit expectations, saying results were helped by improvements in its pottery barn brand. revenue was in line with estimates, and the company gave an upbeat forecast for the current quarter. shares popped in after-hours trading and ended the regular day up 1% to $49.61. >>> and the clothing retailer guess said strength in its foreign markets helped to post a narrower than expected loss. the company also reported revenue grew and topped estimates. but its quarterly outlook for earnings disappointed the street. even so, shares initially took off in after-hours trading but ended down a fraction to $9.98. >>> a new company is trying to throw a jolt into america's pickup market with a new strategy. it is rolling out an electric truck. phil lebeau takes us for a ride. >> reporter: in the world of pickups, change comes slowly. for years, gm, ford, and chrysler have led the market with heavy duty trucks that take a beating day after day and keep on rolling. so why does work horse think its new pickup can cut into the big three's do

struggling teen retailer abercrombie and fitch reported a smaller than expected decline in same-store sales. the company was helped by strong demand for surf ware brand holster. abercrombie and fitch recently put itself up for sale and today the stock gained 9%. >>> still ahead, attention travelers. if you think going through security at the airport is a hassle now, it could get worse this summer. >>> president trump is accusing nato allies of not paying their bills. speaking in front of members of the alliance, the president called out 23 of the 28 countries for not contributing what the administration says they should to the military organization. >> over the last eight years, the united states spent more in defense than all other nato countries combined. if all nato members had spent just 2% of their gdp on defense last year, we would have had another $119 billion for our collective defense. >> nato members target spending of 2% of economic output on defense, but that is just a guideline. >>> elsewhere, an appeals court has refused to reinstate president trump's temporary travel ba

finally, abercrombie & fitch, these shares rising 13%. street journal" reports that competing retailers could be interested in making a big for abercrombie. express an american eagle are journal." by "the we have talked a lot about the troubles in retail land recently. this might be a solution in the case of abercrombie. julia: thanks, julie. scarlet: the firing of james comey adds new tension in d.c., but as wall street has an eye on washington, investors should be underweight all the rhetoric. >> can we just talk about fundamentals for once? themes, theajor deep primary theme, vonnie, into 2017, as we try to to warn investors to overweight analysis and underweight rhetoric. we are a society, political base, and investor base that reacts to every single thing instead of doing the work. doing the work, if you look at the fundamental condition of u.s. stocks with respect to earnings and going forward to the next two or three quarters we look pretty good. a lot of this is noise. scarlet: how more and more investors are watching, just for mo

>> >> i want to talk to about abercrombie & fitch.d it wouldn't be such a bad buy if you were looking at it. what are your thoughts on this one? >> that's an example of a retailer that hasn't been relevant since the 1990's, but surprisingly, if you look at the price of where they are at, that stock has come down so much to the point where it might be an attractive asset for someone, mainly because of their hollister stores. teenagers still like hollister. that is growing. the secret fashion a thing right now is people are still shopping at hollister. they are secretly buying jeans from american eagle, and this is what teenagers are doing. how to could figure out buy hollister and do something more creative with the abercrombie assets. scarlet: abercrombie & fitch the brand itself is out. hollister is fashionable. doesn't it come down to the fact that within this sector, apparel, footwear, accessories, all of them are subject to fads and whims? >> that is actually absolutely true. it's all about fashion. it's about speed. it's about be

abercrombie spiking and american eagle racing. is still potentially in the running to acquire abercrombie. those shares earlier spiked, and now they are unchanged. elsewhere, still a lot of pain in retail. tiffany posting an unexpected sales decline in the first quarter, same-store sales down 2%. analysts had been looking for a gain of 1.7 percent. it is the worst-performing stock in the s&p today. down and up with numbers tomorrow. it is at a three and a half year low and is down 43% year to date. in general, declining sales for this industry. finally, let's check some other losers within retail. lowe's has had trouble keeping up with home depot, and its numbers are missing estimates. chicos down much worse than the estimate. it is having its biggest one-day decline since 2011. advanced auto parts, following on the heels of autozone yesterday, with comp sales down 2.7%. a lot of big numbers to the downside. scarlet: more pain for the retail sector. the deadly terror attack at manchester arena highlights the challenge of keeping t

it is abercrombie and american eagle. abercrombie up 7.5%. american eagle up 2%.ress and other buyout firms are among the parties involved in the process. baker said the deal could be reached in a month or so. >> can i tell you the story about abercrombie, i used to shop there all the time when i first moved back east. >> actually i know that. >> once upon time it was for my generation. >> my uncle used to work there. he has a -- >> we would go twice a year at trump tower, there was an abercrombie & fitch. six months later i went back and i didn't recognize the place. it was for teenagers. >> it happened quickly. >> it was overnight. it was unbelievable. it was like going to camp and coming home and mom and dad moved away. >> if they want to be successful, they need to go back to their roots. come back to the boomers. t-mobile continues to try to lure users away. in lame i thinked promotional offer starting next week, t-mobile is offering to pay off verizon customer's phone lease when they switch over. users will get a digital prepaid mastercard within 15 days of

abercrombie & fitch shares way up more than 12% today. send it back to you, help you report on some earnings. back to you. david: while washington is reeling, markets seem to shrug it all off, the coal my controversy that is. the-comey. treasury secretary steve mnuchin mnuchin and economic advisor cohn holding a listening session with senators today. house speaker paul ryan is in ohio holding a roundtable with local businesses. both events is centering on tax reform. joaning me jonathan hoenig capitalist pig hedge fund, fox news contributor, and john petrides, point view wealth management. john, why didn't comey's firing not speaking the markets today? >> i'm glad investors saw this as noise. stocks are discot ofure cash flows. not like disney is down because comey s fired. the investors are focused on the health care bill more than anything. david: we have snap earnings numbers coming out, first time ever. cheryl casone is looking into the numbers. what do they show? >> they're pretty rough. the stock is down 10% in after-hours trading.

here's his photo, 5'6", 128 pounds with black hair and brown eyes, and he may have been wearing abercrombie style clothing and if you see him in the yosemite valley area or if you saw him on may 1 getting contact with officials. >>> the police have arrested a man that pretended to be a landlord and offering housing in exchange for sex, and miles an auto -- mazanado preying on the immigrant community because he thought he would not be reported, and after being arrested he admitted that he did not have access to any apartments and was not affiliated with the real estate company. >>> it is 4:38 am. >>> the sacramento county health officials may have found the source of the botulism outbreak and linked to an gas station in walnut grove and the people a prepared food from that gas station. there warning people that may have gone to this gas station over the last three weeks to watch out. outbreaks of botulism are rare and it is a dangerous form of food poisoning that can be deadly, and causing paralysis, blurred vision and muscle weakness. >>> the cal athletic department celebrating excellence f

and just today, the retaileraber co abercrombie is in talks with buyers. tomorrow companies like macy's and kohl's report their earnings. bob pisani look at what to expect. >> reporter: the overall retail picture is looking pretty grim right now. 20% of publicly traded retailers are expected to lose money in the first quarter. 20%! 60% will report lower earnings than last year. that's the worst performance for retailers since the great recession. retailers have richardeached a g point in the last few months. more sales are going online, and travel and restaurants overbuying apparel. and there's an oversupply of retail outlets. then of course there's amazon, the big elephant. amazon made up more than 60% of the growth in u.s. online retail sales last year. 60% of the growth. they're about 27% of the growth in the total retail market. think about that. one company with a quarter of all the growth that we saw in retail sales last year. how do you compete with that? there is no margin for error, because of the pressure amazon and even walmart are putting on th

he may have been wearing holliste, r or abercrombie clothing. >>> the contra costa fire department was called to help. the hiker was rescued around 1:00 yesterday afternoon. he had a broken ankle, being taken to the hospital. we are told expect today be okay. >>> a non-profit organization is reportedly pledging $100 million to fight homelessness it in san francisco. according to the chronicle the pledged donations from the tipping point organization is the largest of its kind ever made to the city. the organization says their goal is to cut chronic homelessness in san francisco in half over the next five years by creating more housing and improving mental health services in other programs. the organization says the money is being raised privately and will be given to city agencies. >>> two different trends when it comes to robberies on bay area transits. bart has been struggling with recent high-profile robberies. the agency says there is a spike in electronic robberies. overall crime has been trending down for two years. meanwhile crime is also trending down on muni. crime is at a fou

. >>> retailer suffering abercrombie and fitch has started talks to sell after years of slumping salesng store targeting teenagers says it receives several expressions of interest from arrival to making a deal to retailers for teenagers have been especially hard-hit in the past year. fewer teenagers are going to the mall to shop. earlier this year, company said it will allow leases at 60 u. s. stores to expire after a close several locations around the country and analysts say american eagle outfitters may be interested in purchasing abercrombie. interesting. it's ongoing conversation, teenagers going to the mall, from my own experience with teenagers and their friends, a lot go to the mall to hang out. they try things on and they purchase online where they can save money ask i like to save pennies. you talk about macy's. they started with the last chance department. marked up 70, 80% jammed into one corner of the store. i like to dig through and find bargains but if i purchase address written -- $20 i can't it is good for macy's bottom line. >> not everyone likes to dig through. >> i

here is's photograph, black hair and brown eyes and he could been wearing the abercrombie clothing orlister clothing at the time. >>> an inch of woman recovering after being rescued off of mount diablo by helicopter, the contra costa fire district rescued her from a remote trail saturday afternoon with a broken ankle, and she was unable to hike back on her own. she is expected to be okay. >>> the police in san rafael arrested a man that they say pretended to be a landlord offering housing in exchange for sex. the police say the 38-year-old maldinado put up ads using a fake name and investigators say he prayed on the immigrant community because he thought they would never report him. he was arrested during the undercover sting and the police say he asked the undercover officer for $2000 a month for rent and six to rent the apartment -- and sex to rent the apartment and finally admitted he was not associated with the real estate company nor did he have any properties to rent. >>> two officers killed in their apartment in boston, dr. lina bolanos and dr. richard field were found after th

abercrombie and fitch have acknowledged they've received some interest.oach is acquiring kate spade. there are pockets around. it's very challenging. private equity, unfortunately, has lost a lot of money trying to buy businesses that have a near-term issue. this is more structural. >> we got some research this week, looking at the inning we're in, with regards to store closures, right? some argue that to shut down a quarter of retail space or repurpose it at last year's pace would take 30 years. are we look at a decade, at least, of store closures? >> i think it will take a long time. a decade ago, actually, we were talking about how the retailers compete with walmart's everyday low prices. today it's how do we compete with amazon? retailers are changing the strategy and will continue to do so. reducing the footprint is a really good way to go because it allows the companies to reinvest that money in e-commerce. again it's not only the e-commerce and reducing the footprint but rethinking the brand and also the merchandise. because you have to appeal to m

abercrombie and fitch halted yesterday will release its first-quarter numbers this morning.or an update from the apparel retailer which is reportedly in talks to sell at golf. nicole: the federal reserve indicated central bankers were not in a hurry to raise interest rates. but will we see an expected hike raised next month? our next guest will weigh in. lea: make sure you grab your relative if you're anywhere close to where we are. above the runway for the memorial day weekend. senior meteorologist janice dean will have your forecast. nicole: seeing green on the board this morning. dow futures higher by 82. as to be higher by eight, nasdaq higher by 21. a look at a right now lower by 41 cents at $50.95 a barrel. you are watching "fbn:am," your first look at morning markets and breaking news. stay with us. ♪ next! come on, come on. i haven't got all day here! it doesn't come with peppers! you know you told me you wanted mustard. back of the line! excuse me! what! great sandwich. thanks. ♪you didn't have to be so nice♪ get outta here. ♪i would have liked you anyway♪ ♪i would

markets bounding over the lows and s&p 500 eeked out record highs and abercrombie stock upping trendisdemeanorer is said to be looking for a buyer. that newsom the company announced over 60 stores would close this year. >> looking for love, forgets what you look like. and focus on what your credit looks like. more than 4 in 10 americans say knowing someone's credit score woym pact their interest in dating them. that's according to a new sure vaiv have a from bank rat rate.com. >> and listen up fellows the study found that women are three times more likely than men to feel this way. there goes american. that's business i'm neal pa pa >> severally obsessed. the click of the cellphone cram may be just what the bad guys sglant posting on social media could reveal too much and make i you a target. i'm bored i'll take a selfie. ♪ no one captures the absurdity of selfies better than crew on nippy five youtube channel their song par ilty and duck lips and pose aside there's a serious note to the front facin camera picks. can reveal far too much about who snaps them. >> are they home, work, a

. >> after years of slumping sales abercrombie and fitch could be considering putting itself up for sale the teen clothing retailer is working with investment bank to field takeover interests from other abouts and allow leases at 60 u.s. stores to expire in addition to several other locations that closed target is testing out a new service they hope will rival amazon and right now they're testing it with employees in minneapolis. plans to expand service to customers in the area. the new program is part of effort to beef up the online services. >> here's another good reason to shop online. amazon is making it easier to get items shipped prime account. online retailers dropping minimum requirement from 35 to 25 and this is second time this year alone that amazon dropped shipping price. in february it was lowered from 49 to 35. >> planning summer vacation? well a new travel survey says americans may not travel as far or as long as years pa passed. orbitz and travel zoo say people are learning more towards shorter vacations than longer ones micro add develop tours that amount to a long week

. >>> abercrombie & fitch says it is in deal talks, express and american eagle are among those talking. >>> the bank of england announcement at 7:00 a.m. eastern along with the monthly inflation report. weekly jobless claims and the april producer price index out at 8:30 a.m. eastern. bill dudley is at a conference in mumbai, india, to speak about the benefits and challenges of globalization. more retailers reporting today. kohl's, macy's, nordstrom, tomorrow, jcpenney. we'll have a lot to get through there. that's been a weak area in consumer spending. >> the market has been reacting to earnings, so we'll keep an eye on that. >>> counting down to a rate decision from the bank of england. we'll go live to london coming up. >>> as we head out, another check on u.s. futures pointing a bit lower by about 18 points. we're back in a couple minutes. . since i added futures, i have access to the oil markets and gold markets. okay. i'm plugged into equities- trade confirmed- and i have global access 24/7. meaning i can do what i need to do, then i can focus on what i want to do. visit learnfut

here is is photo, 5'6", 128 pounds with black hair and brown eyes, and he could've been wearing abercrombieer clothing. if you were in yosemite valley on may 1 getting contact with park officials. >>> a woman is recovering after being rescued at mount diablo by helicopter and she was rescued from a remote trail saturday afternoon with a broken ankle, and she could not hike back on her own. she was taken to the hospital and is expected to be okay. >>> the police have arrested a man that pretended to be a landlord and offering housing in exchange for sex, and maldinado put up ads using a fake name and praying on the immigrant community because he thought they would not report them but he was arrested during the undercover operation and he asked the officer for $2000 a month plus extra rent the apartment and after being arrested he admitted he did not have access to any apartment and was not affiliated with a real estate company. >>> it is 5:38 am. >>> sacramento county health officials say they may have found the source of the outbreak of botulism and linked it to a gas station and walnut gro

it didn't work for abercrombie & fitch, sports authority, sears, you name it, i can give you dozens, it won't work here either which is why the stock actually rallied today because the activists at jana aren't done. jana knows if management sticks to this timetable the marketplace won't allow whole foods to stay independent that longer. the stock goes up because it's too juicy a chance for someone else to come in and fix things if the current leadership doesn't have the guts or smarts or heart to do it themselves. believe me, if they won't, somebody else will. to sunny in california. sunny. >> caller: hi, cramer from livingston. >> nice! what's happening. >> caller: i'm wondering from target it's bottomed out with dividends earnings coming up, i wonder if this could be a thing for my long term portfolio? >> my daughter did go to target this weekend. i'm not tempted i think target is undergoing this whole change in retail i talked about. i thought the calls would not go back lower than 5%. i can't recommend target here. i'm sorry. there's retailers i do like and i talk about them all

abercrombie fitch getting a boost after wall street journal said they may make a joint bid with american falling below falling again. you can see after the fed 2:00es were released at p.m. it has steadily drifted lower. joe: let's take a look at the government bond markets around the world. -- buyingn u.s. everywhere. equities are up and people want treasuries, 10 year yield down to 2.25%. the greek 10 year looking at for the second day in a row, above six point sent -- 6%. brazilian 10-year coming in after rocky days at 11.34%. julia: the dollar softer in light of the fed minutes. argue very gently that the market chose to focus on the concerns of inflation and what that looks like going forward. 80% of ability of a june rate hike. and what this means for the back half of the year? at 129.51. canada leading rates unchanged today. the market was expecting dovishness from them over the disappointing data there. take a look on the bright side, the labor market saw strength as a consumer. joe: and let's look finally at commodities. a lot of read on there. some buying in gold. oil down modes

abercrombie and fitch's trading lower on its fallout from morgan stanley, saying that the country --ompany is in structural decline. maas prompted to look at on the bloomberg. what kind of deal flows have ns been seeing? quite a lot. your today, we have seen an update. is julia: -- julia: president trump made his debut at the g7 senate in sicily, italy. they are having dinner this hour at the italian president. back home in washington, investigators are focusing on a series of meetings held between jared kushner, trump's in visor and son-in-law -- advisor and russianaw, and ambassadors in december. met, let's start with you on this. think the prime minister seems to have been pretty smart here to try and taylor the discussion hered the agreements rather than the disagreement, and that is to fight terrorism, but what else can we get from this meeting? have an agreement to fight terrorism. they wrote a separate communique on that issue. the interesting thing there, especially from an investor's perspective, is that these agreements are joined together to control the internet bette

lieberman experienced serious growth, churning out custom fixtures for such big-name clients like abercrombie & fitch, chanel, and universal studios. larry: take it to disney. lemonis: but a recent drop in revenue has drawn larry into a vicious circle. jason: high-low is officially dead. larry: oh, no. lemonis: anxious to control costs, he's cut much of his staff, hampering operations and putting even more pressure on the business. larry: we've been waiting a couple of weeks for this. lemonis: i'm excited about this opportunity, because let's face it -- everybody needs a light. and despite its troubles, vision quest has a reputation for innovative designs. larry: this is stainless-steel wire with fiber optic that's strapped to it. lemonis: i'm confident i can help larry find the light at the end of the tunnel and emerge stronger than ever. -hello. -maria: hi. how are you? lemonis: good morning. i'm marcus. maria: i'm maria. nice to meet you. -lemonis: how are you? -maria: i'm very well. lemonis: the owner is larry? maria: the owner is larry. lemonis: is larry here? maria: yes, he's here. i'll

fit --mbie and abercrombie & fitch to buy a struggling retailer, discussing a possible takeover.ndy, but have suffered years of declines. shares gained as much as 13% today. that is your bloomberg business flash update. joe: coming up, what you need to know for tomorrow's trading day. this is bloomberg. ♪ scarlet: "what'd you miss?" nasdaqocks, the s&p and closing at record highs after political turmoil. joe: the political turmoil, no impact on markets. england the bank of making its announcement at 7:00 p.m. eastern time. joe: i will be looking at producer prices out at 8:30 a.m. tomorrow, another look across the u.s. inflation. reports, and calls nordstrom reports after the bell. scarlet: a week part of earnings season. that is all for "what'd you miss?" bloomberg technology continues with more coverage of snaps first quarter. joe: have a great evening. this is bloomberg. ♪ alisa: i'm alisa parenti, and you are watching "bloomberg technology." the white house says president trump had considered firing fbi director james comey since the day he was elected president. the deputy p

now this, teen retailer abercrombie & fitch in merger talks with at least two interested buyers.. >> so this is preliminary talks with express, these are rivals of theirs, express and american eagle outfitters. we know one thing for sure, and that is that abercrombie & fitch -- which used to be a behemoth back in 2007, it was worth over $7 billion -- they were booming, the teens loved it. they were willing to pay up going into the year 2000, they were willing to pay up for the merchandise. now there's a whole generational shift. everybody's running to amazon and some of the cheaper, fast-moving stores like h&m. they've tried to revamp the store purpose a couple of years now, holster is their only bright spot. we'll see if anything comes of it. they gained 12% yesterday and holding onto those gains, so we'll see if the deal's made. stuart: thank you, nicole, on the floor of the exchange. how about this? auto loan fraud surging. is this a bubble? >> yeah. according to one analysis, it looks like the fraud in the mortgage housing bubble in 2009 is equating to those levels even thoug

in terms of the back stops we haven't gotten to abercrombie & fitch.you're shorting small retail, you're saying holy cow. i think the yelp it was a bad quarter. i say it because they say it. but at the same time, there is core work here. unless you discover that google somehow has eviscerated them, i don't think's the case, it did happen at one time, i think there's core value to yelp. i want to talk to mr. yell perman. >> i was referring to the angie's list, but i didn't say angie's list. >> no one is going to hold you to it. >> i want to clear that up. >> call the attorney general and clear that up. >> i guess we still have one of those. >> we do. we do. >> and we have an assistant, rob rosenstein. >> the name is getting better known today. >> yeah. wow. >> we'll cover what jim said on aif and why it's up 10% in the premarket and count down to the opening bell in a moment. (microphone feedback) listen up, heart disease. you too, unnecessary er visits. and hey, unmanaged depression, don't get too comfortable. we're talking to you, cost inefficiencies

abercrombie & fitch, scherzer , hiring to assess a sale. 2017stock is down 85% at a below.possibility of a sale. nvidia surging up more than 12% with yet another monster quarter, it has now been eight of its last quarter's. huge growth on its top line year-over-year growth. on the bottom line, 103% growth in adjusted earnings. not small numbers either. it looks like the move toward automotive segment as long -- along with the pc, and to gaming, is really helping him. david: thank you. president donald trump late yesterday shocked just about everybody when he abruptly fired fbi chief james comey. joining us is bloomberg businessweek editor-in-chief murphy. not in washington at all. and bloomberg's executive editor for legal financial regulation. welcome to both of you. i do not know where to start. >> i do not either with this one. there are so many days when you cover the administration when you put your hands up and say what is going on. there are several questions it raises to her the first is about timing, the second is about rationale, and the third is about who knows w

abercrombie & fitch is reportedly seeking a buyer.rts the company is working to field takeover bids from other retailers. however sources say there is no assurance that any deal will get done. >>> and snapchat will issue its first quarterly report since it went public. snap, the parent company, expected to report a loss of 19 cents a share on revenue of $158 million. investors hoping for a beat. snap shares largely been a disappointment to many investors. that stock price still below where it closed on its first day of trading. whole foods and 21st century fox also own companies that will report this afternoon. becky? >>> when we return, dig nothing disney's results. earnings beating expectations. but disappointing results at its cable networks like espn sending the stock lower after the bell. >>> is it time to let it go? we're going to talk all things disney right after the break. in the meantime check out the futures this morning. been a little bit weaker with dow futures down by about 54 points. s&p just over 3, the nasdaq less tha