there seems to be a growing, positive sentiment when it comes to brian cornell and the changes he's exacting at target. will that be a headwind to this thesis that walmart can bounce? >> it could be. that's a great point. target was so out of favor for so long and walmart was that preferred thing. that being said, walmart was in the massive two-year base that carter showed here. all things being equal, i think that walmart had that massive breakout and then target had their breakout. target put up better numbers. they have less currency exposure. i think that was a problem in walmart's last report. i think this is an okay trade. i think if we were having this conversation a week or two from now and the stock was back at 80 at the breakout level, i think all of us would be pounding the table and saying that is that pifrt point that carter mentioned and that's where you want to take the shot. you may be early. but like mike said, you have until june here to have this thesis play out. >> carter, i put the question to you. how does a target chart look? >> that's the problem with walmart or the o

brian cornell has his work cut out for him. laying off some people but watch what he is going to do like $2 billion worth of stock that creating better dividends. from quarter one of 2009 through the last numbers that we have they have fought back $2.1 trillion worth of stocks and not because people are spending their money, and not because they are making more money than they basically had to do that i balance sheet corrections. we cannot see these corporations make big money when we are growing an economy at 2%. it doesn't work. >> i'm beginning to wonder with income spending numbers, and come income up and spending down this is a trend with whatever savings they are getting and we will explain this more in the show, they are just not spending it. >> that's an interesting question and i will have to speculate. but we know for a fact that every penny at the pump means a billion dollars in the economy and we have seen at least $100 billion in gas prices coming into this economy. where did it go? we don't see anyone ripping the

brian cornell, i thought, very strong yesterday.nd natural foods really looking good. >> sole ofmaller stores. citi target. >> the notion that you have you a target next to every single university because the first thing you do when you go like i've had to do go to boston you go to new orleans, okay let's go to the targets. give me that target next to the barnes & noble. believe me he's thinking of doing just that. he is a smart man. he's listening to everyone to try to get it right. listening to my friend at hanes celestial. what can i do in? i like the guy. >> i understand. >> he's listening to people. that's not the target -- not become the target way. it was under mr. mackey he was the dominant retailer of his generation. i like what i'm hearing from cornell, he's strong. >> yesterday we talked about goldman cutting specialty retail. last year morgan stanley took a&f to underweight. europe two-year comp down 25. u.s. down 14 over 2 years. >> they could use ron johnson. >> who? >> the running back for the giants. >> i'm telling y

if i were target if i were brian cornell, i'd pick up the phone and call mary and seal a deal to producea ultimate for an ultimate in store experience. smokin'! fourth key part offering exceptional service in three core areas, hair, skin, health and eyebrows. it's like four. do you know that hair salon industry may be the single fastest growing retail business in the country i didn't. it is looking real timeless. it is ulta sweet spot. fife sj e-commerce. yault.com is on fire with a 55% growth rate. and it only represents 4.6% of the company's total sales, i think this initiative will be a real needle mover judging by the amazing numbers. they use the online channel to sell the high margin house brands. but it's also adding lancome, matrix and redkin. finally, the sixth imperative infrastructure spending. she picked up a lot of knowledge about how the am wish worked. she learned marketing at mcdonald's where she was the chief marketing officer. but she knows that nothing works unless you have the right merchandise in hand at the right time much that's you need a professional buildout. so

ceo brian cornell says thousands of positions are expected to be eliminated over the next two years.art of the $2 billion cost cutting measure to make target more competitive. at the same time target plans to invest at least a billion dollars in new technology. >>> as for tech talk blackberry has unveiled a new phone called the blackberry leap. expect the price tag to be around $275 when it hits the u.s. market in april. blackberry is expected to roll out two additional models featuring keyboards. one will feature a curved touch display. >>> turns out the five priciest cities in the world in 2015 are the exact same cities on the list a year ago that according to the economists. singapore still owns that top spot followed by paris ands -- and oslo. new york checked in at number 22. >>> grateful dead, 50th anniversary reunion isn't just sold out. tickets are going for as much as $116,000 for a three-day pass on stub hub. the reunion concert slated for july 4 weekend in chicago. mike, andrea, guess how much it costs just to get in the door? they pofd the appropriator up -- they moved th

brian cornell is the new ceo at target. he is making moves to do other things. web side. he is from the innovation business within cap. he is unique. that trend within retail, not necessarily promoting the merchants but looking to other businesses for future leaders. >> anybody out there who is just too big? >> there were not that many listed. if anybody it's jcpenney. there are two things that make a retail brown unsalvageable. -- brand unsalvageable. one is the cash. the other is if it's been taken down market in its distribution. if you have devalued the brand too much. most of these don't fall into those categories. >> i thought there was a good print campaign for jcpenney. >> julie hyman, thank you so much. that does it for today. tomorrow, roger altman. ♪ >> live from bloomberg headquarters in new york this is market makers with erik schatzker and stephanie ruhle. erik: audit the fed. critics call it a critical idea. stephanie: the latest of the brave. that is what was boris meant solve was called. erik: prime minister nine yahoo! goes to capitol hill -- p

brian cornell, the ceo said "our guests tell us they would like us to offer more choices more organicfree." how concerned are you about a reinvigorated target? michael: our goal is to continue to serve the customers we have inside our stores. our natural foods department continues to grow. our customers understand what we have. our simple truth brand became a billion-dollar brand this year. our goal is to focus on the customers we have serve them well and continue to increase our penetration with existing customers. if you look over those 40 five quarters, there has been a lot of competition come and go. our focus on the customer will continue to deliver us -- continue to deliver for us in the future. betty: snow -- whether or not consumers will be kept at home. a look at the snow in washington , continuing to pour down. all across the northeast. we will be back. ♪ betty: the most important stories you need before the bell. pimm fox and julie hyman joining me. mark cuban, knowing a thing or two about tech booms. he thinks we are headed for another tech test. he says if we thought it w

we like brian cornell. the comp was 3.8, and that was driven by the best traffic in two years. that's a healthy metric. we are excited about today. we think both traffic and pricing growth and digital sales grew 30%. they contributed 1% to the comps. prioritizing on the right product, the right omni channel story, it's a new management story, it's also a u.s. economy story with the consumer getting better and lower gas prices. >> so you like it at this price? >> i do. >> all right. stacy, how about you? does target have its mojo back? >> i think it does, and most importantly, i think today we're going to hear from the company that, you know in 2008 they really started rolling out grocery across the board. i think today we'll hear the story and the theme will be we're no longer going to be all things to all people. let wal-mart take the commodity products in some of the grocery space, and let's be differentiated. let's do more in organics. let's do more in apparel from collaborations. let's bring -- let's get our target mojo back from years ago when people were willing to pay a

brian cornell basically explaining this is about making the complexity as low as possibility, keeping simple, and getting ideas to market as fast as possible. we understand these job cuts will come across the board when they come over time over the next two years. again, to make processes more efficient at headquarters. the elimination of several thousand jobs from the target headquarters. bill, kelly, back to you. >> and it has rallied back from the lows of the day apparently on that news. thank you very much, courtney reagan. we've got 13 minutes left in the trading session. dow is down 97 points as we mentioned. the nasdaq still down 30. we'll come back. we have volatility hitting stocks today. nasdaq 5,000, we barely knew ye. and this has been the second busiest day for corporate issuance in america and we're going to talk about one of the biggest deals that came down today and the lead on that and art cashin just now telling me the imbalance is to the sell side, $400 million of stock to sell going into the close. kelly and i are back in just a moment. alright, so this tylenol art

brian hopes police find the driver who took away his only love. >> she was the love of my life. and the world has just lost a woman of grace and love. >> reporter: cornell bernard, "abc7 news." >>> seven people were safely rescued this afternoon from a burning boat in richardson bay. video shows smoke pouring from the boat. the fire started in the engine room, but it's not known what caused the fire. no serious injuries were reported. one person on board was roots of peace co-founder heidi kuhn. she recently returned from afghanistan with her husband. >>> no record high temperatures today, but some areas were unusually hot. much of the bay area had crystal clear skies, though along the coast it was cloudy and cooler. drew has more with a look at the weather. >> the clouds along the coast created a widespread in temperatures this afternoon. half moon bay with 57 degrees. oakland at 70. fremont, a high of 73 degrees. these numbers are some 10 degrees above normal for this time of the year. live doppler with the satellite. high pressure is firmy in control over the state of california, but off to the west we're tracking our area of low pressure that will d