>> yes, as abercrombie was, but it is rare and hard to do. >> sears holding, for example. >> exactly.hey were losing market share, and it was stable. consumers are so much more aware of how to come prater -- compare prices today. >> they are more sophisticated. >> they are. they have more tools than they used to. >> we will continue the conversation with k koplovitz throughout the hour. later on, the sweet smell of success continues. i will talk with a lady who has become a leading expert in perfume. and you will learn about a special condition that she has. it helps her achieve success. ♪ >> call it the wild west, if you will. there is still a sense of manifest destiny in content creation in which young studios are hungry to take market share from those stalwart veterans. jon erlichman is our own veteran senior west coast correspondent. he witnessed sunday of this during his time at the consumer electronics show in las vegas. he joins us now from los angeles. what are the changes and who are some of the big names? who threw the best party? >> [laughter] some of them are secret, and o

, as abercrombie was, but it is rare and hard to do. >> sears holding, for example. >> exactly.hey were losing market share, and it was stable. consumers are so much more aware of how to come prater -- compare prices today. >> they are more sophisticated. >> they are. they have more tools than they used to. we will continue the conversation with k koplovitz throughout the hour. the sweet smell of success continues. i will talk with a lady who has become a leading expert in perfume. and you will learn about a special condition that she has. it helps her achieve success. ♪ >> call it the wild west, if you will. there is still a sense of content destiny in creation in which young studios are hungry to take market share from those stalwart veterans. jon erlichman is our own veteran senior west coast correspondent. he witnessed sunday of this during his time at the consumer electronics show in law set -- las vegas. he joins us now from los angeles. what are the changes and who are some of the big names? who threw the best party? >> [laughter] some of them are secret, and others not s

. >> reporter: still despite what has been hailed as a success story governor abercrombie said hawai'i's insurance model was never duplicated because the state is viewed as a vacation land, not a template for policy. >> hawai'i in many people's eyes is still a romantic vision, it's not real. >> reporter: while that may be true, for employees at eden and love, having health insurance is not a romantic vision. it's just a way of life here in hawai'i. over the course of hawai'i's healthcare law enacted in 1974, the state has maintained an insured population well over 90%. still the state is continually trying to reach those that are hard to reach, those that slip through the cracks, the homeless, immigrant and young people who think they don't need insurance. while hawai'i has been happy to say yes, it has been a success story, yet they still know that there is work to be done. >> jennifer, thank you very much. >>> no. south sudan rebel and government oh negotiates are in ethiopia beginning talks to ending the fighting there. the forces hope to recapture the city of bor. >> fighting is going on at least three

. >> reporter: still despite what has been hailed as a success story governor abercrombie said hawai'i's insurance model wasever duplicated because the state is viewed as a vacation land, not a template for policy. >> hawai'i is still in many people's eyes a romantic vision, it's not real. >> reporter: while that may be true, for employees at eden and love, having health insurance is not a romantic vision. it's just a way of life here in hawai'i. >> reporter: hawai'i's healthcare law does apossess penalties to any employer who fails to provide employees who work 20 hours or more with healthcare coverage. and those penalties could result in the business being shut down. since the law was enacted the or president bill clinton and holding a bible used by franklin roosevelt. >> we are called to put an end to economic and social inequalities that threaten to unravel the city we love. so today we commit to a new progressive direction in new york. that same progressive impulse has written our city's history. it is in our dna. >> deblasio is the first democratic mayor since 1993. and in detroit mike doingen was swo

. >> reporter: despite what has been hailed as a success story governor abercrombie said hawai'i's model was never duplicated because the state is viewed as a vacation land. >> hawai'i in main people's eyes is a romantic vision, it's not real. >> reporter: while that may be true for many employees having insurance is not just a romantic vision, it's just a way of life here in hawai'i. >> hawai'i's healthcare does assess penalties to any employee what works 20 hours arrest more and that "t" could lead to the business being shut down. hawai'i's healthcare law enacted in 1974 the state has maintained and insured well over 90%. >> jennifer london is in honolulu. good to see you, and happy new year. now to some of the lesser known provisions of the new healthcare law. calories count. according to an fda estimate. $28.8 million is slated to spent to encourage americans to make healthier choices. chain restaurant and vending machines will be required to post calorie counts and getting help with breast-feedings. insurance plans must provide breast-feeding support, counseling and equipment for mother

as well, but they are now seeing mobile spending. before, it was browsing, and now it is converting from browsing to sales. >> abercrombie & fitch, theyir chairman title. >> very significant, he has been chairman since 1996, and i think they are looking at how to reinvigorate the business. their earnings are probably half of their earnings potential at this level. ramification for people holding abercrombie stock? >> yes. this will have an impact over time. >> managing partner at the retail tracker joining us in the studio, thank you so much, and stay with us. we are on the markets again in 30 minutes. "street smart" is next. ♪ ♪ >> we are here at bloomberg world headquarters in new york. and excitingpacked show. >> we have a focus in washington. let's do a data check. it is still off what we saw thursday and friday. the dow is up 93 points. that is the upper one percent getting

abercrombie, you can look and simply say you have a desperate ceo, he's coming out just as jim cramer was saying this morning, it didn't take much to do this so people will be looking when the numbers are filed and looking then at the 10q to see what the quality of those earnings are, how he had to cut numbers to get there. if you look at a five below, that's another interesting issue. remember, i often ask why is it the short sellers know and the company doesn't know which i think is the more important question when these companies are going down. i think in that case, i have a story up right now, why it may be look out below for five below, even after today, because when you look at the short, there are a variety of things that are going on that investors will look at and say doesn't matter, doesn't matter. but there are financial metric issues you have to pay attention to. >> herb, talking of the investor, let's take a look at the macro picture here. they are really getting blindsided. i could use another word but let's use blindsided today, because to brian's point, if the street is g

abercrombie and fitch said holiday sales are higher than expected and expects ongoing cost reduction efforts to help results. shares surged after hours as you see on that dramatic chart. through the regular session the stock was slightly higher, finishing at $33.21. >>> and reports of strong december traffic helped lift shares of american airlines and united continental. both airline operators benefitted from a late thanksgiving which meant more passengers traveling for the holiday were flying in december when the weekend ended on december 1. united was surprisingly helped by canceled flights in december. that's because they squeezed the same number of passengers on fewer aircraft. united also said they expect fourth quarter traffic and capacity to increase. shares of american airlines up 6.5%. $29.42 to close there. shares of united continental rose more than 6.5% to $43.80. >>> now that the holidays are over, some credit card customers are getting their bills and they're seeing something new on those monthly statements. something that could help them better manage their spending and saving. sharon eppersen explains. >> consumers often resolve at the start of the new year to do a better job managing their fi

as does the major market. ebay has been trading between 58 $58.0 and if it gets above $58, it will go to $64. you have to look stocks that do not look good. abercrombie & fitch wasfrom a risk reward standpoint. it had a big bounce when everybody thought. you want to be a buyer when things look absolute worst. you don't have to risk as much on the downside. >> things look the worst -- abercrombie had a little bit more than ebay. abercrombie has a little bit of an uphill battle there. >> they do, but they have stock bounce. >> but what about what is in the stores? >> i am not in the stores. i am in the stock market. from a risk we were at standpoint, there was enough to lean on. it bounced off that. it was a nice, healthy move. everybody has a negative opinion on something, it is time to look at a bullish opportunity. >> we will see. i will check back with you. great to see you in person. we will be back on the markets in 30 minutes. ♪ .. mammal look him to bloomberg, were recovered you global technology and media companies that are reshaping our world. i am emily chang, our focus is on the future of business. here live from bloomberg headquarters in new york, we

abercrombie and fitch. it's all this. this they raised full year earnings, but didn't they still have lower sales, but not -- not as bad as people thought? >> what was the sales number? i thought it was still there. >> was that abercrombie or american eagle? >> it was abercrombie when i saw it. anyway, i will check and find out. >> in the meantime, though, why don't we take another look at the futures. we had mentioned before that the futures are indicated sharply higher. the s&p up by almost 7 points. oil prices, this is pretty phenomenal. oil prices yesterday closed at their lowest level in eight moss. the ten-year note, 3.966. the euro is at 1.3592. it fell sharply yesterday after some comments -- >> less than ten days of points now. >> less than ten basis points. in the third quarter, same-store sales declined 14%. >> what about the sales? >> the turn around in the domestic business is proceeding because they narrowed the decline from the third quarter when it was down 14%. what is the high for abercrombie? obviously, 55, the low 31. so it closed at 33 the. it closed two points off its low. >> okay. >> so that makes sense. gold is up a little bi