is a plan to sell all of sears' assets, including more than 400- stores, to its chairman eddie lampert that is the only way for the 133-year-old company to stay afloat and save about 45-thousand jobs. however, not everyone supports the idea. some creditors say sears should be closed and liquidated. the judge says the hearing will likely last a few days and a ruling could few days and a the weekend.this friday and the weekend. (grant) sears should know its fate within the next few its fate within should know sears (grant) its fate within the next few days. a bankruptcy hearing started today for the retailer-- which was once the largest in the u-s. under consideration... is a plan to sell all of sears' assets, including more than 400- stores, to its chairman eddie lampert. that is the only way for the 133-year-old company to stay afloat and save about 45-thousand jobs. however, not everyone supports the idea. some creditors say sears should be closed and liquidated. the judge says the hearing will likely last a few days and a ruling could come from his bench. even if the plan is approved

eddie lampert back in charge. u.s. bankruptcy judge approving sale of sears to eddie lampert. to you. liz: we'll see if 45,000 jobs stay in place. sears get as life ion for the american consumer who our next guest says is doing remarkly well. how long. >> liz, look for the time-being the consumer doing great, right? their personal financial conditions are in great shape. debt service racial suppose are low. employment market is exceptionally strong. so we think the next leg down, that the best indicator for next recession, when this starts to change, fixed investment starts to roll over, similar what it did in 2001. we do expect lower fixed business investment in this year but at some point in 2020, we start seeing businesses start to get more conservative, start to liquidate inventory, worse job creation, then you see unemployment start to tick up. liz: troy, if our investors are listening, tell me what signs to look for to trigger my itchy finger to bring stock money back into cash? >> fixed investment. that is data point. look at the trend. we expect lower numbers this year

and it's funny, his own attorney in the bankruptcy proceedings said, lamented actually that eddie lamperto everyone from that gilded age of robber baron to jake gould to barney fife. the judge, recognizing that, said now mr. lampert has the opportunity not to be a cartoon character but to take action that in fact could be of great meaning. that's the judge in the case. we will see if that comes true. i'm in front of one of the lucky sears stores that will remain open. there are about 400 plus of them now. you know, when lampert took over, not long after he took over, there were more than 1,000 sears stores. just after, it was a little less than 1,000. when we are talking full-up sears stores, department stores, not just home centers and all the rest, we got down to 482 before the bankruptcy. now we are lower than that, probably around 425. in response to the critics who say eddie lampert did in fact run this company into the ground, here's the response. the hedge fund has worked tirelessly to help sears reemerge from bank superintende departmenbankruptce we believe the store can be viable

judge approved the sale of most of sears' assets to a hedge-fund controlled by sears chairman eddie lampertfor just over five billion dollars. the judge's decision keeps 425 stores open and saves about 45-thousand jobs. sears filed for bankruptcy in october. the company owes the creditors three bi the closing the company was the best way to return the most money to them. according to previous cases, they will likely receive pennies on the dollar. ( robin ) online groceries may seem convenient... but turns out -- it not very popular. according to consulting firm bain and company, only three percent of american shoppers regularly buy groceries online. compare that to consumer electronics, where 40 percent of sales take place online. bain says a big issue is nobody has really figured out yet how to replicate the in-store shopping experience online. shoppers know where to find discounted items, specials and look for new ideas when browsing store shelves -- but not web sites. rain clouds looming over the bay area... here's a look at futurecast. (robin)(robin) welcome back to the kron four mornin

we told you about billionaire eddie lampert's winning bid to keep sears alive.ing, saying no, you can't save sears? >> there's a saying, paws off. monday is going to be this huge courtroom clash, if you like, as u.s. government mall owners and other creditors, at the end of the day, they are responsible for sears workers' pensions so they are saying hang on, eddie lampert, you're not going to get control. it's really about the kenmore brand. they are accusing eddie lampert, billionaire hedge fund manager, chairman of sears, of trying to cherry pick, basically get the kenmore brand out of the bankruptcy filing, have that and then obviously, he would have a way to make money just from that brand because it is very popular. so they are saying huh-uh, we are going to choose how the liquidation goes. kenmore stays with the rest because that is arguably at this point probably the most valuable brand that the sears umbrella, through holding companies, still has because black & decker already bought, sears craftsman, already bought. you can buy diehard tires from amazon

sell its assets, 125 sears stores to chairman eddie lampert, the only way to save the jobs of 135,000nd keep the 133-year-old company in business but opposition coming in from countries and mall owners. >>> he's one of the most notorious serial killers and now his story is being taken to the big screen. the new film based on the life of ted bundy and there's already backlash that they're romant romanticizing the killer because of the person playing him. >> there's things you don't know. >> zac efron makes a transformation as the serial killer, ted bundy as the extremely wicked, shockingly evil and vial. >> we made a decision, we didn't want him to mimic bundy, we wanted zach to take his own approach to portraying bundy. it looks extremely authentic and zach does a great job of portraying him. >> ladies and gentlemen, i am innocent. >> reporter: looking at bundy known as being handsome and charming before his brutal crimes were revealed through the eyes of his long-time girlfriend, played by lily collins. >> i feel like we're on top of the world. >> during this whole period from 1974 t

stay in business, the plan for sears to sell its assets including 425 stores to current chairman eddie lampert. opposition to the plan has been growing from creditors and mall owners. >>> google has big plans in austin, texas. the tech giant is reportedly building a 35-story office tower there. that tower would provide space for 5,000 workers. it is located close to another google building already there. it's just the latest in a string of big real estate moves. inmber, google announced plans to build a mega campus in san jose and a month later, it announced a new campus in new york city. google's parent company, alphabet, is set to report new quarterly earnings today. >> 4:36. >>> coming up next on "today in the bay," patriots celebrating another big super bowl win this morning. why that could spell bad news for your investments.> and majo for ikea, the revolution customers could soon experience. >>> and a wet morning commute as showers move through the bay area. mike inouye checking the roads, kari hall tracking all the rain. we'll check in with them at 4:45. you're watching "today in the ba

selling it assets including 425 stores and sell them to sears chairman eddie lampert. the only chance to keep the company in business. but opposition to the plan has been growing and it is coming from creditors and mall owners. >>> it is not too late to get a flu vaccine. as flu cases rise across the country. the centers for disease control reports the flu is now wide spread in 45 states. that is up from 36 just [a] week ago. two more children have died of complications from the flu bringing the total number of pediatric deaths to 24 this season. young children, elderly and people with health conditions are more susceptible to complications from the flu. >>> and getting back tour top story, the cold snap coming our way. >> we're going to see a change here coming up. notice tomorrow it will be cooler but the truly coldest air arriving tomorrow night into tuesday. which will make the type of precipitation interesting around the bay area. sunset over san francisco right now. temperatures mid 50s. highs 55. but that is going to be mild compared to the temperatures around h

judge will address the future of the company and the 45,000 employees. 425 stores to chairman eddie lampertmpert has been accused of misconduct. sesiled bankruptcy wi t hopes of remaining in business. >>> a food -- has plans to expand nationwide. you're looking at curry up now. the sf gate reports the fast casual chains wants to adds 350 locations across the country by the end of next year. curry up has six restaurants and several food trucks in the bay area. the owner says 40 new locations are in the works. the restaurant will be franchise locations. >> i think it's good. >> i like it. anyone on valencia street, it's cute inside. >>> live doppler 7, what we're tracking this early morning. showers out there. we do downpours right down the street level. san ramon. we're tracking this downpour. the orange on your screen, live doppler 7 -- half an inch per hour. what i want to do is zoom out and i really want you. it is going to be moving off to the north and to the east over the next couple of minutes. >> have that rain gear with you. scattered showers throughout the day. could see a mix in o

proposal the major remaining assets of sears will be sold to its chairman and largest shareholder eddie lampert. without that approval, sears would have almost been liqu liquidat liquidated. instead 425 stores and 45,000 jobs will be saved. marcus and laura, back over to you. >> a lot of workers are happy. >> always nice to see the softer side of sears. >> absolutely. >> thanks a lot, frank. >>> coming up here on "today in the bay," we are under a microclimate weather alert, as another round of rain moves in. kari is monitoring it all for us. >> we do start out with some dry weather. right now as we take a live look in fremont, and it is a good time to hit the roads, head to work and get things done early. we are going to see some very chilly temperatures. only making it into the low 50s as the rain arrives. we'll look at storm ranger coming up next. >>> while we're tracking that time line, along with kari, we look over here at your commute along with 580, moves smoothly through dublin. talking about the richmond to san rafael bridge also reopened. i'll show you what it looks like. >>> and good

judge approved the sale of most of sears' assets to a hedge-fund controlled by sears chairman eddie lampertr just over five billion dollars. the judge's decision keeps 425 stores open and saves about 45-thousand jobs. sears filed for bankruptcy in october. ( james ) coming up on the kron 4 morning news. a tracking device is making it safer for drivers on the road ... when police are chasing a suspect. ( james ) and a wild chase ends with a splash. we'll have more of this incredible scene caught on camera. and here's a live look outside... bay bridge. (clapping) every day, visionaries are creating the future. ( ♪ ) so, every day, we put our latest technology and vast expertise to work. ( ♪ ) the united states postal service makes more e-commerce deliveries to homes than anyone else in the country, affordably and on-time. (ringing) ( ♪ ) the future only happens with people who really know how to deliver it. trading in sunshine for showers today and into the weekend with rainfall through the day today and showers continuing all the way through sunday. expect high temperatures to remain

judge approved the sale of most of sears' assets to a hedge-fund controlled by sears chairman eddie lampert just over five billion dollars. the judge's decision keeps 425 stores open and saves about 45-thousand jobs. sears filed for bankruptcy in october. the company owes the creditors three billion dollars. the creditors argued closing the company was the best way to return the most money to them. according to previous cases, they will likely receive pennies on the dollar. ( darya ) coming up on the kron 4 morning news. a tracking device is making it safer for you and police during a car chase. ( darya ) and a wild and a wild chase ends with a splash. we'll have more of this incredible scene caught on camera. on camera. they say, at a certain age you just stop caring. on camera. i wonder what age that is. simply ageless found tones, hydrates, and reduces the look of wrinkles. from covergirl. fitting in good doesn't have to be hard. dive into satisfying flavors like creamy strawberry cheesecake. with twelve grams of protein and eighty calories, light and fit greek non-fat yogurt, mak

considering a plan to sell all of sears' assets, including more than 400-stores, to its chairman eddie lampertcompany to stay afloat and save about 45-thousand jobs. some creditors say sears should be closed and liquidated. the judge says the hearing will likely last a few days. ( darya ) coming up on the kron 4 morning buzz... so much for football's biggest night: it was the most boring superbowl ever.. i'll show you the best part in case you fell asleep.. plus the moment i said.. take me away big boy! and the solution for the raiders could be the problem for the giants. (ácommercialá)(áábreakáá) ( james )( darya ) welcome back to the kron 4 morning news. let's get a check of the forecast. another day with rainfall to take us through the day interspersed by times of drying conditions. daytime highs will be among the coolest of the season so far in the upper 40's and low 50's. clearing skies later in the week. major hot spots. accident in walnut creek i-680 sb before s main st. accident in sanfrancisco us-101 sb before cesar chavez st. traffic alert fo alameda county 84 at palomares clsoed now

i leave you with a quote, this is interesting, one of eddie lampert's own lawyers said, mr. en unfairly criticized, compared to everything, as cross between robber baron and barney fife. the judge in the case, says mr. lampert does now has opportunity not to be a cartoon character, but take action of meaning. i don't know what that action is. the jobs are save for the moment. as you point out, in nobody shows up, not going to last long. now i'm frozen. stuart: get back inside. jeff. ashley: nanook of the north. stuart: nanook of the west. now this. taco bell able for delivery by grubhub. i said this before, quite a stir. i never ordered food for delivery. my team actually doesn't believe me. we'll discuss this, because, we feel that some people -- ashley: i don't believe you. stuart: would i lie about food deliveries? certainly not. later this hour i will talk to the chief of jimmy johns sandwich chain. he says they will never let on outside delivery company deliver their food. why not? i want to know why. we'll be back. ♪ ♪ stuart: oh, dear. quite well-known song. ashley: wh

considering a plan to sell all of sears' assets, including more than 400- stores, to its chairman eddie lampert-year-old company to stay afloat and save about 45-thousand jobs. some creditors say sears should be closed and liquidated. the judge says the hearing will likely last a few days. ( james ) coming up after the break...the incentive some teachers at a massachusetts school have come up with to get students to come to school today after the patriot's big win. win. this is you shopping. and this is you maximizing at t.j.maxx. you shopping, you maximizing. you shopping, you maximizing. find the brands you love and get more you for your money, every time. it's not shopping, it's maximizing. start maximizing today! maxx life at t.j.maxx start maximizing today! show your gut some love. only activia has billions of our live and active probiotics. a delicious way to enjoy probiotics every day. with 20 years of devotion to gut health. activia. like no other. you don't see psoriasis. you see clear skin. you see me. but if you saw me before cosentyx... ♪ i was covered. it was awful. but i didn't gi

that includes its 425 stores to its chairman eddy lampert. it's looked as maybe the only chance to keep that struggling business in business. the rescue bid is opposed by creditors. >>> the airport in atlanta it's always busy but it is really busy this morning. there are two hour long wait times in security lines at hearths field jackson airport. more than 100,000 people are expected to go through the security check points. some started arriving after the super bowl to spend the night to fly out this morning. >>> heavy rain causing problems for bay area drivers. we are live in fremont where an east bay highway is now open again after being closed for several hours over night because of a mud slide. >>> could the oakland raiders stay in the bay area? there is a possibility they could be here for one more season. >> protesters made their voices heard. when san jose approved a new project for google. details are planned for a demonstration dead. monstration dead. demonstration today. >>> it is a wet and cold monday. february 4th. we are thankful

sell the major remaining assets of sears to its chairman, largest shareholder and former ceo eddie lampert'sstments.without the judge's okay, sears would have had to liquidation and eliminated 45 thousand jobs. walgreens has the worst record among pharmacies regarding selling tobacco products to minors, that's according to the u.s. food and drug administration.the pharmacy racked up about 1,800 violations for selling tobacco products to kids across the united states.that means about 22 percent of walgreens stores inspected have illegally sold the products to underage customers, per the report. self-driving car startup aurora said it raised more than $530 million in funding from investors including amazo tesla shares were down on the announcement.self-drivi vehicles could be used to help amazon make deliveries. southwest airlines might be planning for a valentine's day celebration.sources close to developments say the carrier could put tickets on sale for its first-ever flights to hawaii from the united states mainland as early as feb. 14. southwest had said it would begin flying in the sprin

the ceo eddie lampert told the wall street journal his plan is to shrink the size of the stores and so less clothing. the big emphasis of the new sears will be on tools and appliances. the judge signed off on the request by the company for $5 million, saving it from being liquidated. lambert says it will keep stores open for now but some will eventually be sold. >>> google says they will invest $30 million for offices,g data centers and ohio, nebraska and nevada. the co says 2019 marks the second year they will grow faster outside the bay area than in it. >>> fort is recalling 1.5 million 150 pickup trucks from the 2011 through 2013 more years . they have automatic six beads physicians. they say it could downshift into first gear with no warning. ford says it is aware of five accident linked to that problem. >>> apple is that odds with the new service that is launching this year. they are described as netflix 40s. the wall street journal reports apple would charge customers $10 per month and they could read the unlimited amount of articles is similar to the music servicers such as the

a bankruptcy judge approved the sale of most of sears' assets to a hedge fund controlled by eddie lampertsion will keep 425 stores open, it will save 45,000 jobs. the 133-year-old retailer was once the largest and most important retailer in the nation. it has struggled for decades losing business to line oonlines and billig box retailers. it had lost $12 billion since its last profitable year in 2010. >>> a little bit lighter story. if you like ice cream, and you like rum or bourbon, haagen-dazs has something new coming to the freezer aisle. it is launching a new line of seven alcohol infused ice cream treats. the spirits collection includes seven new flavors like bourbon truffle and nondairy to have fee. each contains less than half a percent of alcohol per volume. this isn't the first to add booze to its products. ben and jerry has a brand. smaller brands have been selling alcoholic sice cream for years. it will be available nationwide in april and yes, you must be 21 or older to buy it. how much ice cream do you have to eat to get a buzz? that is my question. >> the whole carton, i sup

a bankruptcy judge approving eddie lampert's bid to keep the retailer open. dred 25 stores open and save 45,000 jobs. the judge rejected arguments lampert plundered assets. uber is laying out a plan for long-term self-destruction. making the pitch it is to investors as it prepares for an ipo is that it is more than just a ride-hailing app. it is betting big on electric hikes and scooters. those options are displacing ride-hailing. that is the business flash. francine: thank you. upneed to bring our viewers to date with what is happening in france and italy. the french and italian leaders at each other's throats for weeks. it escalated yesterday. relations at -- between the nations at the lowest since world war ii in this has implications for businesses. we are just hearing from mr. dimaio, this is one half of the five star movement, saying italy wants cooperation and we're also hearing from the other half, saying he wants to summon the french interior minister to talk about italian tariffs in france. we have to talk about what this means for europe. let's chan

a bankruptcy court approved the sale to a hedge fund controlled by eddie lampert.45,000 i don't thinks. the 133-year-old retailer was once the largest retailer in the nation. it has struggled for decades losing business to line oig rons and big box retailers. >>> if you like ice cream and rum or bourbon, haagen-dazs has something new in the freezer aisle. it is launching a new line of accept alcohoseven alcohol infu treats like about yo treats. the brand isn't the first to add booze to its products. ben and jerry's launched a flavor infused with bourbon in 2017. and also smaller brands have been selling alcoholic ice cream for years. the collection will be available nationwide in april and yes, dave briggs, you must be 21 or older to buy it. >> but no bloody mary break tax variety. but i would try the bourbon praline pecan. >> two vices this one. thanks for . >>> he's an outstanding person. he'll do very well. >> the question is what is whitaker hiding. >> he is no shrinking violet. let him make that point to the people. >> he fields there was motivation for what t

a hedge fund owned by sears chairman, eddie lampert, is offering to rescue the company.ut creditors want sears liquidated - even though the judge has indicated he would like to save some 45-thousand jobs. (vicki) ahead at nine... a massive fire breaks out at a high rise in paris killing 10 people... why fire officials are calling this fire suspicious... (grant) plus.. the way police officers respond to dangerous situations could be changing... what law enforcement groups are proposing... (vicki) and up next... a desperate plea from a local realtor... after she is targeted by thieves while trying to sell her own home. what they got away with. (vicki) now at 9:30... a cautionary tale out of the east bay tonight... a real estate agent says 26-thousand dollars worth of jewelry was stolen from her home -- while she was hosting an open house at that home.(grant) kron four's philippe djegal spoke with the stunned victim in walnut creek. (philippe)marian krochka/victim- "so, my jewelry was actually in this box." almost 30-years as an east bay real estate agent... and, a disappoi

judge approved the sale of most of sears' assets to a hedge-fund controlled by sears chairman eddie lampert-- for just over five billion dollars. the judge's decision keeps 425 stores open and saves about 45- thousand jobs.sears filed for bankruptcy in october. the judge rejected arguments from a committee of creditors, including landlords and major vendors, who urged the court to shut sears down and liquidate its assets. sears owes the creditors three billion dollars. the creditors argued closing the company was the best way to return the most money to them. (vicki) jcpenney is still trying to get out of its billion dollar slump. the company is getting rid of appliances and most furniture to focus on clothing sales. the retailer is four-billion dollars in debt and hasn't turned a profit since 2010... with forecasts of more losses in the coming years. jcpenney said the changes will take effect february 28th to help improve financial performance and meet customer expectations. furniture will still be sold online and at puerto rico stores, but not anywhere else. the company is also considerin

a bankruptcy judge approving the retailer to eddie lampert invested in it for $5.2 billion.5,000 jobs are viable. that's that. more after this. >> neil: i guess it sounded good on paper. delta airlines is regretting the move. it tried to change this idea of, you know, you flying solo and maybe you can take off with somebody else. it's complicated here. all i know is it's now a mess. trace gallagher on how the company is trying to bounce back. >> and i don't think match.com has to worry about coca-cola cutting into their market share. they were diet coke napkins handed out on delta flights and encouraging passengers to flirt a little. they said on the napkin write down something and give to it your plane crush. the other side said "because you're on a plane full of interesting people and you never know." coke is in the process of rebounding itself. looks like they bombed this one. a person tweeted, hey, delta and coke, the napkins are creepy as blank. they sure as heck don't want the number of someone gawking for hours on a plane today. other people like the napkins. delta ha

walmart accused kmart of not - not ---eddie lampert dragged kmart into bankruptcy with sears.avid johansen have sued sony music entertainment and umg recordings over old songs. the group of musicians argued they should be able to reclaim rights to songs they signed away decades ago. they're accusing sony and umg of ignoring hundreds of notices. lauren: this is happening, the federal reserve turning doveish. jerome powell signaled policy makers will pause on raising interest rates, taking a more wait and see approach, following months of pretty sharp criticism from president trump, prompting speculation that powell was caving to political pressure. danielle demartino boo booth ise ceo of will intelligence. i'm thinking of the birthday dinner that chairman powell and the president had monday night. should they have broken bread together? is that bad op techs when your message is you don't want to be influenced by politics, should you have dinner with the president? >> unfortunately, there's been so much focus on this particular aspect of the fed chairman's tenure, remember, he's

eddie lampert will keep the company going. his $5.2 billion buyout will save 425 stores and 45,000 jobs. lmpert's bid overcame opposition from creditors to oppose the sale and push for liquidation. sears future is still uncertain. lampert has no specific plans for the store and competition is heavy. >>> amazon is defending the facial recognition software it sells to government agencies. >> it uses artificial intelligence to identify objects, faces and scenes. it can identify criminals or spot missing people. civil rights groups and investors and employees worry it could violate people's rights. amazon says it supports legislation to prevent misuse. >>> new software update available for iphone users. it fixes a facetime flaw that allows people to eavesdrop on others. 14-year-old grant thompson of tucson discovered the bug. according to the verge, apple will compensate the thompson family. they'll get an unknown amount of cash, plus additional money towards the teen's tuition. seems very fair. >> it does. >>> new at 6:00, pg&e m

that's eddie lampert. good news for workers there. it saves 45,000 jobs according to dow jones. 425 stores will remain open. the stock soaring here on this news, up as much as 27%. creditors have been criticizing lampert in court saying he was ripping off the company, doing stock buybacks, spin-offs, dividends to rake in billions. the july did not buy that. he approved the sale to lampert for $5.2 billion. a big headline for sears today. in the market, tech stocks lower. info tech sector down 1.6%. two stocks in particular to pay attention to here, facebook and twitter. germany warning facebook to stop tracking users without consent. the stock is down here. twitter down 9.6% today after reporting first full year of profitability. however they guided lower on first quarter revenues and they said monthly active users were lower. big headline today in the financial sector. bb&t to buy suntrust. this is the biggest bank deal since the financial crisis. there basically has been a dearth of bank deals since then. these two regional leaders i

consideration is a plan to sell all of sears' assets, including more than 400- stores, to its chairman eddie lampertis the only way for the 133-year-old company to stay afloat and save about 45-thousand jobs. however, not everyone supports the idea. some creditors say sears should be closed and liquidated. the judge says the hearing will likely last a few days and a ruling could come from his bench. even if the plan is approved, sears still faces an uphill battle. (vicki) a new report finds "financial infidelity" is on the rise... as people in committed relationships are keeping money secrets from each other. if you do-- you're not alone. according to credit- cards-dot-com-- nearly 30- million people in live-in relationships are committing "financial infidelity. " so who's the biggest "cheater?" according to the report-- millennials are more likely than other age groups to lie about their spending, debt and accounts. 28-percent of them admitted to hiding an account from their partners. so why do they keep money secrets? researchers say people have a desire to have a freedom fund or safety net in cas

a federal bankruptcy judge approved eddie lampert's proposal to buy sears.judge told lampert give sears a fresh start and take meaningful action. lampert's purchasing sears for $5.2 billion. the company currently has about 89,000 people employed. s u.s. military plans to fully withdraw from syria by the end of april. in the coming days, u.s. backed fighters plan to seize final sagsanctuaries controlled by the islamic state. there is no plan to protect kurdish partners that fought along side the u.s. troops before the withdrawal. ibm investing $2 billion into a neanew artificial intelligence research hub in new york. the it will focus on the building and operations of computer chips. then there is this. hall of fame baseball player frank robinson has died. robinson is the tenth best home run hitter of all time. he was also the only player to win mvp in the american and national leagues. robinson became the first black manager in mlb history back in 1975 with the cleveland indians. robinson died at the age of 83. lauren: let res look ahead -- let's look ahead

consideration is a plan to sell all of sears' assets, including more than 400- stores, to its chairman eddie lampert that is the only way for the 133-year-old company to stay afloat and save about 45-thousand jobs. however, not everyone supports the idea. some creditors say sears should be closed and liquidated. the judge says the hearing will likely last a few days and a ruling could come from his bench. even if the plan is approved, sears still faces an uphill battle. (pam) shaquille o'neal is a larger than life personality. from his legendary moves on the basketball court, to his life off the hardwood - shaq has built quite a name for himself. he also built a 31-thousand square foot mansion in orlando... that he is now getting ready to sell. gayle guyardo takes us inside the 12-bedroom, 15- bath home ... on beautiful lake butler.. in the upscale windermere neighborhood. windermere neighborhood. he has lot of properties -- but this super sized mansion in orlando's exclusive islewood -- is what basketball great shaquille oneal calls "home"!<"hey how are you welcome to shaq-o-pulco.">from the second

a bankruptcy judge today approved a $5.2 billion francisco by eddie lampert to keep the idea iconic retail are going. under the plane some 425 sears and kmart stores will remain open, 45,000 jobs will be preserved. sears merged with kmart in 2005, and both companies have struggled financially since then. >>> and state appeals court has handed a legal victory to on- call workers in california following a dispute involving clothing chain abercrombie and fitch. the court ruled employees who are required to stay on call before the start of a possible work shift are entitled to be paid regardless of whether they are called into work or not . the rule phoning the employees before the ship to learn whether they are needed prevented them from committing to other jobs. >>> a lot of people are wondering if the recent government shutdown will delay the tax refund. fox news hillary fun has the answer. >> reporter: despite the partial government shutdown, the internal revenue service recalled thousands of workers to make sure taxpayers get their refunds this season. more than 70% of americans will rece

that plan is for sears to sell it's assets including 425 stores to the sears chairman eddie lampert.ly way to keep that 133-year-old company in business. opposition to the plan has been growing. >> it's shocked the political world. the sitting governor that admits he wore black face and whose yearbook page has a picture ignores calls for his resignation. president trump tweeting the picture and his denial is unforgivable. what do the voters think? >> virginia governor ralph northam faces a growing chorus of calls for his resignation over the racist photo. >> he has to re-sign. it's in the best interest of the commonwealth. >> officials nearly unanimous but for some constituents, it's not as clear cut. >> he's an honest hard working man who has worked hard for this state for many years. we have all made, done things we are not proud of. we all have. >> has the way he's handled this episode, has it undercut his ability to govern effectively? >> i think so. again that's something that i struggle with personally because i admire him. i respect him. he's done a good job. >> i do like the

proposal, the major remaining assets of sears will be sold to its chairman and largest shareholder eddie lampertwithout the approval, sears would have almost certainly been liquidated. instead, about 425 stores and 45,000 jobs will be saved. >> it was once the go-to theater in san francisco. i remember going here, but last night on the amc on van ness showed its last picture. the theater opened in 1998 with 14 screens that could seat up to 3,000 people but in recent years it took a downturn. customers took to yelp to complain about closed concession stands, filthy and enkempt conditions and old seats. no word on what will replace the theater or the future of that building. >>> this morning, the "today" show will remember baseball hall of famer frank robinson. he died yesterday and he broke the color barrier when he became the first black manager in major league baseball history. robinson grew up in oakland and later managed the giants. at 7:30, a look on his impact on american sports and civic culture. >> all right, let's talk about weather and traffic together. that rain making its way already

cheryl: eddie lampert has resigned and sears says his decision is not the result of any disagreement pped down as ceo of the company when it filed for bankruptcy last year. the president of esl investments also stepped down from sears' board, we should say. well, a major setback for actor alfonso ribeiro. the feds telling the fresh prince of bellaire guy he doesn't have the rights to his famous carlton dance move. he sued two video game makers. epic has it in fortnite and take two interactive has it nba2016. the copyright said it's one simple dance routine and it's not a work of choreography, it's not protected under copyright law. it's none t fun to watch, right. starbucks has now unveiled its starbucks zodiac car. it'chart.it's got beverage recommendations based on your sign. if you're a cancer like me, a honey citrus mint tea. a pithey're launching an all-day dining cafe in shanghai. they'll serve brunch and booze. they're feeling the heat from a growing number of independent coffee shops and start-ups. charles, you are a scorpio. espresso shot for you, sir. that's your recommendat

retailer sears will survive, for now at least, after a bankruptcy court approved chairman eddie lampert's2 .illion rescue plan a judge rejected creditors' arguments that the sales process was unfair. they claim lambert plundered the company's assets and failed to invest in its future. >> thank you. another massive buyback in corporate japan. plan to buying its back as much as ¥100 billion in shares after the company came under immense pressure yesterday, following the most in three and a half years. the company gave a cloudy forecast and weaker profits across its playstation business slowdown continues, particularly when it comes to that crucial holiday. the company announcing it is doing a share buyback for as much as ¥100 billion or two point 36% of sony shares. let's look at what we are watching. big banks front and center once again. we are ending the week with two of the biggest names. the outgoing ceo, andrew thornton, the source of criticism, the target of scathing remarks from the commissioner and that royal commissioner report. there are wall street concerns that a trade deal wil

eddie lampert trying to save sears. i don't know why right? because capital will be tied up in a business likely still not going to survive long term. that capital could go somewhere else to create better jobs and create growth for employees. connell: last point before we go to break, we'll talk about it next anyway, what do you make of the political debate around these issues? if you're right about the timing of the downturn, that could be determining factor. proposals out on other side proposed to the president are way out on left? >> the democrats are giving republican as gift on a platter right now. connell: being too far left? >> absolutely right. if i were a republican strategist, give them a microphone, television, follow them 24/7 to let them talk. those won't win the argument. at the same time the republicans will have to do something towards the middle class, towards the dislocation. if nothing is done, you know, that disaffected class, that was a trump supporter -- connell: they rise up. >> look for something free. that is not what

a bankruptcy judge approved the $5.2 billion plan by sears chairman eddie lampert to keep the companyoing. under the plan 425 sears and kmart stores will stay open. 45,000 jobs will be safe for now. the bay area has six sears stores and seven kmart still open. >>> amazon ceo jeff bezos is accusing the national inquirer of extortion and blackmail. days as announced in a blog post american media inc. threatens to publish intimate photos of him, unless he stopped criticizing the company. they wanted basals to remove an article that is due to run and the washington post which basals also runs owns. about how to -- the feud started back in january when he announced his plans to divorce his longtime wife mckenzie basals. the national inquirer published a story detailing an alleged affair between bezos and lauren sanchez. movie director woody allen is suing amazon for $68 million. reportedly for backing out of the movie deal. woody allen filed the claim yesterday claiming amazon studios refused to release his movie, a rainy day in new york. even though it has been complete for more than six

a federal bankruptcy judge approved eddie lampert's $5.2 billion deal to buy sears but not before issuingo him. the judge told lampert to give sears a fresh start and take meaningful action. sears currently employs about 89,000 people. we shall see. and with barbie in the driver's seat, hot wheels drove mattel to better than expected earnings. get it? strong holiday sales for the company's top two toys lifted profits. the sales of barbie reached a five-year high, jumping 12% during the quarter. this is the fifth consecutive quarter of growth for this doll brand, which has been around for decades, maria. shares of mattel are higher in the premarket right now but 16.5%, now i'm thinking let's do it, barbie in a hot wheels car, that's my idea. maria: i like it. all right, cheryl. thank you. coming up, eye on earnings, we are watching what's driving march cessments we've got big names like hasbro and good year reporting before the opening bell this morning. trade deal countdown, president trump will not be meeting with china's xi jinping before the march 1st deadline for a deal between the tw

eddie telampert will down as chairman of sears. the decision follows lampertsnd edge fund winning control of the retailer in a bankruptcy court. but lampert will remain chairfon of the tra hold co which now controls all of the assets of sears holdings. lampert says that his resignation from ears is not the result of any disagreement with the compa board or its erations. >>> the commercial shipping and trucking industries give us a good sensef how theconomy is doing, and recreational boat sales do too. they are considered a leading economic indicator because they are purchased with discretionary income, which is verve sensi economically. the health of the economy is usually the focus of the major international boat show in miami, but this year, as frank lland reports, it took on a different tone wit a focus on trade and tariffs. on display at the progressive ts miami international boat show. >> this boat is an incredibly rsatile boat. >> reporter: it's the biggest in the u.s. and a bigger deal this year. many boat makers hope domestic shows like ts one in miami where they generally make about 50% of their annual revenue will make up for th