dillards is down 3% right now.ordstrom hanging in there, down just a fraction. >> shake shack had a tough time recently. that's been going down. they are trying to expand around the country. will the country be as enamored with high-end burgers as we are? we love shake shack. the airlines have had a tough day. jetblue had negative numbers overall. most of the airlines are down notably. >> transport is down 114 points right now. >> 114. we are sitting at the lows today. jetblue and united, delta. speaking of airlines, alaska air is going into the s&p 500. sandisk is going away, bought by western digital. good luck to sandisk for many years. a lot of volume to see. >> thank you, bob. see you later. johnson & johnson celebrating national nurses week and crain ringing the bell. brian moynihan, the ceo of bank of america on the second hour of "closing bell" with kelly evans and company. see you tomorrow, kell. >> thank you, bill. welcome to the "closing bell." i'm kelly evans. finishing with the dow going out positive.

. >> check out shares of nordstrom or dillard's. are major department stores about to become the next newspapers? >> and brian speaking to cnbc about the broader market and impact of oil. we'll bring you comments and later, if history is any indication, this election year could set up for a massive move in the market. the head of the u.s. equity strategy is here to tell us why we're on the verge of a major inflection point and what does it mean for your money? much more "fast money" right after this. taking control of your health isn't easy. but cigna is there for you. literally. just download our free coach by cigna app. for personalized programs from a team of health coaches to help you achieve your wellness goals. cigna. together, all the w. looktry align probiotic.our digestive system? for a non-stop, sweet treat goodness, hold on to your tiara kind of day. live 24/7. with 24/7 digestive support. try align, the #1 ge recommended probiotic. >>> welcome back to "fast money" nordstrom and dillard's tanking. >> tumbling after profit

dillard's, jcpenney, gap down, dillard's and kohl's recovering from yesterday's selloff.une into to a special edition of "wall street week." former treasury secretary larry summers was out with the crew at salt conference in las vegas. that is 7:00 p.m. eastern. stick around for john stossel focusing on free market medicine. that is 9:00 p.m. eastern all here of course on fox business. >>> presumptive republican nominee donald trump has vowed to build a wall along the southern border and make mexico pay for it. we heard him say it many times. trump says, if need be he will stop the flow of money being sent by immigrant back to mexico. mexico says such a move will create even bigger problems. liz claman is with the former president of mexico, felipe calderon at the salt conference in las vegas, nevada. >> we're with former mexican president felipe calderon one of the most sought-after participants. not to mings the elephant in the room, on gop side, donald trump. thank you, mr. president for being here. >> thank you. liz: this is hypothetical. it is january of 2017. we are

dillards missed estimates, but they are now rising. flipping over to unchanged even after that company's revenue trailed analyst estimates as well. gies we have yet to hear from, walmart. the company's first order comparable sales appear in line to slightly below consensus. -- first quarter comparable sales. we are looking at other areas creating downward pressure. oil is part of that picture. nymex crude down more than 1%. on the flip side, we have a higher dollar. it is at a six week high as the dollar index goes up .5% today. wanted to get a quick check on gold as well today. changed.ld a little caroline: we are finally entering the green. we were on track for three days of losses and then turned around. the retail sales galvanizing oxx 600.00 -- the stoc retail up .9%. consumer driven by growth in the u.s. media down .25%. you talked about communications. a satellite company plummeting in the losing a third of its overall value in one day alone. why? brutal profit warnings. a massive one. revenue growth completely flat. growth --ed

dillard's earnings falling short of estimates.n same store sales and nvidia reporting a 50% rise in profit. i just talked about this. chip maker got a boost from strong video game demand. honda citing a fourth quarter loss due to the takata air bags. honda lost $860 million for the quarter. >> dow fluctuating between positive and negative territories yesterday. ending the day barely in the black. dom chu joins us. he has more on the negativity in the markets and the cross-currents. dom. >> paraskevidtrika phobia. i brought it because because joe brought it up when we were talking about the number 13 horse nyquist at the kentucky derby. i remember seeing it out there. let's talk about what's going on overall with the market cross-currents. like you said, the retail earnings have not been great. at least the outlooks haven't been great and the stocks have been getting hammered. we have seen with the s&p 500 the tight range overall. we can't seem to get out of the range between the 1890 issue here. that's since february. see the high

dillards missing first quarter earning earnings. en. >> whempb we come back. that retail --.trom. what is going on in department stores? that's next. and happy birthday to stevie wonder today and it is appropriate that we are playing his song supersticious. and black cats crossing the path, it is not necessarily something the market should be fearful. the market has been positive most of the time. josh, don't you have friends coming over? yeah, so? it stinks in here. you've got to wash this whole room are you kidding? wash it? let's wash it with febreze. for all the things you can't wash, use febreze... ...fabric refresher whoa hey mrs. walker inhales hey, it smells nice in here and try pluggable febreze, with up to 4 times the freshness... ...in one refill. pluggable febreze and fabric refresher... [inhale + exhale mnemonic] ...two more ways to breathe happy and that a tired dog is a good dog. [ dog barking, crashing ] so when you need a dog walker or a handyman, we can help you get the job done right, guaranteed. get started today at angie's list. looktry align probiotic.ou

. >> when you look at a depot up 7.4 versus macy's down 5.6, kohl's down 3.9, dillard's down 5, rightit's the home depot -- >> don't forget nordstrom was horrendous. i want everyone who cares about stocks, and that's about five people in the world, to read ellison's comments, not larry, and we revere larry, but ellison at jc penney. he was so eloquent about what's working. flooring, flooring is working. window -- beauty parlor workin, home goods, working, appliance goods, working, apparel, no, no working. >> no working. >> plus sizes work because people want to try them on. they're afraid. everything else you go to amazon. look at home depot is not a -- >> so in other words plus size you're not going to order on amazon? >> he said they do not feel -- women who order plus sizes are not confident with the web. that's his comments. he's so good, i mean, you got to read them. they did much better than everybody else because he's got a great orientation. he really has -- at one point he says, you know, the other guys they didn't look at the data. i'm very data driven. he's data driven, wel

reginald dillard sr.et at the library. >> people who do live on the street for whatever reason, this is -- this can be very distracting. keep people up at night. >> reporter: some neighbors say the music plays until 3:00 a.m. most nights. >> i can't play my music outside after 10:00, can i? they're infringing upon the rights of others. >> reporter: there is a city noise ordinance limiting a.mpl y amplified music, but there have been no formal complaints. yet. >>> pizza hut has gone to new heights to celebrate its newest store. pizza hut has delivered a pie to the top of mt. kill man jar rry ro this set a new record. it took several days so the pizza definitely didn't arrive warm. >>> that will do it for abc 7 news at 4. abc 7 news at 5 begins now with kristen and dan. >>> we respond to shots fired. >> that was at this house in the south bay. when the dusk cleared and a police chief ended, two people were dead. >>> and in pittsburgh -- >> reporter: the while mercedes fled the scene. >> there was a shooting

performance in the last week, we are up 2.5% since monday in the s, and p and macy's up 5%, and dillard's and in order strom a -- in order strom is -- nordstrom is up, and could bit a rotation? i suppose, but overall, it is that people thought they were way too cheap. >> what happens friday, two days from now, janet yellin puts the green light on june or july at the latest, because everybody says that you have to hear it from her for it to count. >> from the people i have taledd to, june is going to happen. i think that june will happen. if you are looking at the timing of what they have, and you have a meeting in june and one in july, and then you have, if you are further out, they won't do november, because it is right around the election, and maybe december, so she has to go in june, and they have set you up for it. >> and even though bullard told cnbc that it is not set in stone. >> well, you can't say it is set in stone, because you can't front and run. >> and he is still looking at the 2 d-- at the data. >> well, it is market dependent. i can't tell you if the first leg is up or dow

what we have here, emily reporting with mark dillard coming into the county. let's go to max two.re is this? we had perhaps a couple brief touchdowns here. the rotation with this is not very big. looking at it here from doppler radar and from the team of trackers here underneath it, the rotation right now is reasonably strong but not very big so putting down little needle funnel clouds with occasional little brief bounce tough downs and that's what has been happening and it keeps trucking to the east, northeast and north of highway nine and close to pink right now. could it produce more tornados? yes, it could in the southeast side of oklahoma city metro area. this is much closer to oklahoma city here. pink, bethel acres, shawni, pink, bethel acres, shawni. pink, bethel lakes, south twin lakes, shawni. smaller circulation here but tornados are possible at any time with this storm. let's go back to emily for an update on it. emily? >> yeah, mike, again, we are keeping a close eye on circulation. it is a broad circulation but it's kind of turning over on itself right now. wow. that'

.> gwen dillard i am the retired head of the -- division. director bennett: oh, i am so glad to meet you. >> nice to meet you. i'm sure it's too early to answer this, but do have a sense of how much voa's worldwide audience has access exclusively to digital devices and can you talk about the phrase "digital first" in this coverage? director bennett: i cannot give you a precise answer. i know that something is being touted in our services around the building and needs to be counted much more robustly because it is something we need to know. i think you can safely say if you look at the projections of the way people will be news,ing, not only information, commerce, conversations around the world, it is going to skip over all of these intermediate steps and go to digital. largely, probably digital on future phones, smartphones, because that is the inexpensive way it will be spreading throughout the less developed world. it is the thing we have to be, i think, absolutely thinking about as we go to our readers, listeners -- what is a good word? j

. >> if i am looking at the price action for a lot of the guys, macy's for one, nordstrom, gap, dillards, they're not bouncing at all wlachlt do you zmekt week from this week's slate of retail earnings? >> right. we have a lot of earnings coming this week xlug gap. i think what we're hearing from many of these retailers is they don't know what the problem s that's the biggest concern for me. you know, it's one thing if you miss earnings. but we miss earnings and we don't know what is wrong with our business. obviously some is going to digital. i think there are bigger problems. and just an overall consumer that is shunning this category that is worrysome and doesn't look like it's going to be fixed any time soon. >> what is your read on home depot? right now it's at session highs in anticipation of earnings. i'm wondering this is probably going to be one of the stocks where if they don't deliver, it's going to hurt the sector once again. >> fwhaz a home depot this weekend and it was quite busy. i think it's a category where consumers are spending and we're seeing this bifurcation of cons

big name department stores like nordstrom, dillard and analysts are not optimistic.contributor was on "squawk box" earlier this morning and here's what he had to say about the fate of the shopping malls. >> they're going to go out of business. it's just a question of how fast and at what rate that happens? we're seeing malls go out of business. >> he is the head of global real estate securities at prudential. he joins us here on set. mark, great to you have us with. january goes a step further and says there are 1100 malls out there. the top 250 malls are seeing traffic of about 2%. the average is a decline of 6% in traffic. which implies there is a broad swath of malls out there that he says are in real trouble. would you agree with that premise? >> no. i probably would not agree with the full premise. but there are malls which are in trouble. there are shopping centers and offices. and this has been going on for hundreds of years. good properties, well located, well managed, they'll do well. in the retail sector, quality malls are doing extremely well. they're seei

. >> when dillard. i'm the retired head of the african division. >> i'm so glad to meet you. >> glad to meet you. i'm sure it's too early to answer this, but do you have any sense of how much of trend dives worldwide audience is exclusively through digital devices that men could you talk a little bit about the implications of the phrase digital first. >> i'm afraid i can't give you a precise answer to the first question except that no it is being counted in our services around the building and needs to be counted much more robustly because it's something we need to know. i think you can safely say if you look at the projections of the way people will be accessing not only news, but information commerce and all kind of things conversation around the world it is going to skip over all the intermediate depth and go right to digital largely digital on future fund, not smartphones because that inexpensive way it's going to be spreading throughout the less developed world. it is a thing we have to be absolute

nordstrom's and dillards boasts -- both missed estimates. in the premarket, they are down 2%.e will get their earnings out in 30 minutes. if you look in almost any retailer we have had out so far this earnings season, it has not only been a miss on earnings and same-store sales, but it has also been cutting forecasts for the full year. it is a bloody picture for retail sales area take a look at the department store index. over the last week alone, the department store index is down 13%. when today's trading opens, you will see an even bigger drop in u.s. department stores. it has been a rough time to say the least for retail. the kids are buying more stuff, including clothing online. hopefully, they are eating burgers a lot out. shake shack keeps adding stores. it easily topped estimates. shake shack's new chicken sandwich chain or addition in those stores, the chicken shack, brought in new customers. shares are doing well in the premarket. it is no secret that apple is struggling for the first time in a long while and america's most profitable company has seen the shares fall

. >> gwen dillard, i'm the retired head of the africa division at voice of america. >> oh, i'm so glad to meet you. >> nice to meet you. >> i'm sure it's too early really for you to answer this, but do you have any sense of how much of voa's worldwide audience accesses it exclusively through digital devices? and then could you talk a little bit about the implications of the phrase digital first in news coverage? >> yeah, i'm afraid i can't give you a precise answer to that first question except to say i know that is something that is being counted in our services around the building and needs to be counted much more robustly because it's something we need to know. i think you can -- i think you can safely say if you look at the projections of the way people will be accessing not only news but information, commerce, you know, all kinds of things, conversation around the world, it's going to skip over all the intermedia steps and go right to digital. largely probably digital on feature phones, not smartphones because that's the way the inexpensive way it will be spreading throughout the

daniel dillard let all the game with 40 points last night. coach nation believes the team will bounce back. . >> i think it's ball movement, the way they move the ball and the team and the depth that the warriors have will be a big factor here. >> chemistry. they love to pass the ball. warriors >> it is still unclear if steph curry is healthy enough to play tomorrow night. he is still recovering from a knee sprain. tipoff is set for 7:30 tomorrow in portland. >>> the bay area still has a lot to cheer about as the sharks one big last night among 5-1 the final. the sharks lead 3-2 in the second round playoff series against the nashville predators. a win tomorrow in nashville advance of the shark first conference final for the team since 2011. the puck drops at 6:00 in nashville tomorrow. >>> coming up about 10,000, books were headed out 80 east pay, bookstore. we are coming back to tell you what prompted the owner to start free comic book day day. >>> the presidential primaries are finally slowing down. a look ahead at what is up for the race f

. >> and dillard's no exception. 2.17 misses by 35 cents. comps down 5 double the loss expected.iffany, the cfo resigning may 20th. going to a different company. so there really haven't been too many exceptions this time around. >> not many bright spots. i think to david's point the one place where the newspaper analogy breaks down, people say, wow, this is what happened to newspapers, people giving up newspapers to get something for free. they weren't going elsewhere to pay for something. that's the way i look at it. they're buying differently. nobody's offering free clothing out there that's going to compete with the people trying to charge for clothing. >> that's true. >> maybe that's a very small comfort, but it's a difference. >> they offer the ability to get it to your door now in less than 24 hours. >> that's true. >> and send it back if it doesn't even fit. amazon, although a different type of story today. >> everything about amazon. donald trump once again taking aim at amazon and jeff bezos in a big new way. here's what he said last night on fnc's hannity program. >> th

. >> macy's, best buy, kohl's, take your pick, dillard, any traditional the apartment store is in perilrt: you have gone across the board. that is a lot of american retailing. you wouldn't touch it with a 10 foot pole. that is a big deal. >> it is. this is a structural shift we are seeing in consumer spending. the disruption that is happening is impacting and people are not paying attention to that especially retailers. they are the last to know which is ironic because their job is to serve the consumer. stuart: is it because there is so much more online buying and selling? that is the primary reason for this? >> i don't think it is the only reason. there are a lot of things that play. online sales are only 7% total shopping so a lot of clicks and bricks if you will. i don't think that is the only thing at play but definitely big-box retail is past its prime. stuart: you have a special bad word for tiffany. >> good companies behaving badly. every girl loves a blue box, i am no different but they are making a lot of mistakes lately. chasing the millennial consumer, now they are going int

earnings reports are imposed on the dillard's, nordstrom.ld this be a bigger sign of a slowing economy? let's bring in the chief economic correspondent at "the wall street journal." that was a shot. do you think this is a broader problem? consumer spending decelerating three quarters in a row. is this an a macy's issue or economic issue? >> it's actually a technology issue. the whole retail sector is been dislocated by the fact people are shopping more online. it's really hard to read and to overall consumer behavior right now just by looking at retailers, particularly clothing retailers. bus auto sales numbers. i'm not ready to read us consumers. there's a lot of reasons why consumers ought to be at least hanging in there is not doing better right now. dagen: no doubt this morning saying consensus for retail sales coming out tomorrow, mike murphy, for a 10th of 1% increase. you think that's too high? >> i don't, but it depends on what you focus on. the consumer is good. bases had a terrible quarter done it for five years so. amazon at an al