you may remember gymboree closed this year after filing for its second bankruptcy. >> i remember gymboree when the kids were little. thanks, michael. >>> take a live look outside now. you could see the gray skies are back and rain is in our future. abc 7 news meteorologist sandhya patel here with a look at the forecast. >> let's take a look at live doppler 7 right now and the clouds are stacked up. we're waiting for the rain. which will be here bright and early. here is a look at the storm. this storm is aimed more towards the central and southern part of the state from san luis obispo south and the good news is this one will not focus energy on the bay area or the north bay. that was hard hit last time. it is aimed at central and southern california for tuesday night into wednesday. don't get me wrong, we are going to see rain. we are going to have gusty winds. and it all begins tomorrow and then it continues as we head into wednesday. so let's take a look at our rain chances. they're going up to tomorrow. wednesday is pretty much a good bet that you'll need the rain gear. thursday still

back over to you. >> i just found out what g gymboree was this year. so i guess i'll buy stuff for maybe your kids. >> they are too small. >> see, i don't even know who can wear that stuff. >> thanks, frank. >>> 4:41. coming up here, kari is tracking the forecast for us. >> looks pretty good out there as you head out shopping. we'll see dry weather as we go in to the rest of the morning and into the afternoon. some peeks of sunshine. we'll talk about what is going on as a new storm approaches coming up next. >>> and crossing the bay, this is moving pretty quickly. we'll talk about what we found in the east bay. alive after >> plus a story of survival, what one oregon man is crediting for helping him stay alive after he was trapped in his car in a snowstorm. >>> good morning. 4:45. and take a look at your screen. it looks like takes good sta s the day. no rain to speak of at this point. we'll talk with kari when the rest of the points down the road. >>> and this next statement i never thought i'd actually say. but a man can thank taco bell for being him

. >>> children's retailer gymboree has found two buyers for most of its assets.s pending bankruptcy court approval. children's place $75 million for gymboree's branding. the gaacquires the clothing line. in a separate transaction, gap also plans to buy gymboree's inventory from a liquidation company. with your cnbc business report, i'm frank holland. >>> let'hu turn to and a check on the forecast. >> the commuter forecast for a monday rning, still some clouds around this morning. there could be a few areas with ice on the loc ads, especially near i-81. later today, bright sunshine and a gusty northwest wind. ten-day forecast, all about the cold this week, coming up. >>> monday morning hitting the white house hard. democrats are in control of the house and turning hp thet on a series of investigations into president ump. stay wtrit >>> 6:45 on a monday morning. a weather alert day for us. snow, sleet, rain, ice. everyone in the d.c. region saw sothing like that this weekend. overnight in particular. the roads this morning may slick, as well. you can see the traffi

san francisco-based gymboree is bankrupt. now we know the brands will live on. >>> a live look -- this is definitely a video of parents throwing cheese on their baby's faces. we'll explain what's going on next. >> at what point do we say shut down the internet. >>> as we head to break, slow motion video. that's a huge wave broking over a lighthouse in malta last week. yikes. >> beautiful. >> the worst storm since 1982 hit the island creating that rough sea. >> wow. denny's understands the art of the perfect ingredients. the fold of the eggs. their new flavors are... ooh là l. that means super yummy. denny's new omelette line-up starting at $6.99. >>> good monday morning to you. some of you waking up to a few scattered showers statewide. a cloudy afternoon for most of you. rainho56n sacramento. spring break for some and if it is, today is a great day to get away and go to the mountains. it will be dry tomorrow in the 40s. watch out. a winter weather advisory wednesday and thursday. winter storm warning. looking at several addi

gap also plans to buy gymboree's inventory from a liquidation company.our cnbc business report, i'm frank holland. l >>> today, firy melania trump will promote her be best campaign. the first lady is scheduled make stops in tulsa, oklahoma, and seattle, washington.it the be best tive focuses on what children face today. the overall goal is to encourage the kids to be the best they can be in their individual paths. >>> popular personalities might benspiring your children to eat junk food. let's be honest, the parents, too. researchers who finished a new study, says they asked children to look at mock profiles of bloggers. children who sawea uhy snacks also ate more junk food than the children who did not see any promotional pictures of food at all. that makes sense. we're influenced by photos. half of the children between 8 and 11 use instagram. that's more surprising to me, right? the 8 to 11 instagram users, versus all the junk food we're eating. >>> the tooth fairy isn't being as generous this year, apparently. >> that's according to delta de al, which

tracee: gymboree filed for bankruptcy in january. now the children's place and gap are swooping in to pick up the pieces. children's place will reportedly buy the gymboree and crazy 8 brands while gap will acquire the more upscale janey and jack brand. the deal needs court approval. gap's move to buy janey and jack l follows an announcement last week that it plans to spin off old navy. cheryl: let's head overseas. venezuelan oppositioned leader juan guaido is hoping to finally return to his country today after defying a travel ban. guaido has been on a tour of latin america to rally support. he wanted to return february 23rd by delivering humanhumanitarian aid but he was stopped with tear gas. guaido is vowing to returns this morning. he's called for nationwide demonstrations against maduro. that would be timed to coincide with his arrival in venezuela. tracee: here are other headlines making news this morning. an american citizen is being held in sawe saudi arabia. the u.s. state department confirmed a dual citizen is being detained

got gymboree's assets for about $34 million. theis trying to spin off old navy brand, so perhaps this is a play in the higher-end market, children's as well. you are seeing those shares take a hit as gymboree was pretty much a loaded with a lot of debt. are other earnings we looking at, salesforce coming out with earnings after the bell today. all the cloud providers are lower. oppenheimer and jeffries analysts are saying salesforce could be on the earnings. they see a lot of upside potential. endless have a price target 60 cents. dollar seeing some potential but still lower for some of the tech and cloud providers, dragging down the major indices. vonnie: taylor, thank you for that. the u.s. and china are reportedly nearing a trade deal that could result in the u.s. if china buyss, more american products and commits to protecting intellectual property rights. doning us now is shaun nan from washington, d.c. could it mean an end to the trade war? have's been clear that we been moving in this direction for a few weeks, months, go

back in january, gymboree filed for the second bankruptcy in two years. >>> a big weekend at the box office, how to train your dragon. >> there will not be any dragons left. it is up to us to put an end to it. >> where you going to do about it? >> hidden world made $30 million in the second weekend, the third felony franchises now approaching $400 million in global ticket sales. >>> tyler perry and a family funeral appeared in second place with $27 million in ticket sales, it is the ninth film in the family series, the battle angel made $7 million in the second weekend in theaters. >>> 6:46, to a traffic alert for you, part of state highway one in monterey county may be closing in the coming days as a precaution, this is for the area of mud creek and paul slide in big sur. caltrans as as a major storm will be coming in tomorrow and could cause mudslides and damage to the road. an update coming later this afternoon to let you know if the road will be closed. >>> villa hills first new ferry in 15 years goes into service today. it is called pyxis, bigger and better than the fairies befo

. >>> san francisco's gap is buying one of gymboree's brands.weekend after gap announced it was spinning off the old navy brand. according to documents, gap is picking up the line for $35 million. gymboree filed for bankruptcy and revealed the buyers of various properties. >>> tesla plans to unveil a new vehicle next week called the model y. it's expected to be a crossover suv. elon musk dropped a few hints as to what it will look like. saying it will be 10% larger than the model 3. as for pricing and availability, won't know until next week's event in los angeles. >>> amazon is opening another cashless store in san francisco. this is the third one in the city and will be on market street near the montgomery b.a.r.t. station. shoppers pay for their items using an app on their phone. >>> southwest airlines starting selling tickets for $49 to the island. hope you got on those. the seats sold out within a few minutes. there were some available at $79 and $99. not quite 49 bucks. but you can't argue with the deals. keep in mind, the prices are one-w

kidswear giant gymboree closing over 800 stores and filing for chapter 11 bankruptcy. payless recently filing for bankruptcy, saying it will close all of its 2,500 stores. in what could be the largest retail liquidation in history. even department store giants are struggling, with jcpenney saying it will close 27 stores in 2019, and anticipates even more next year. >> it's not the end of business, it just means business is consolidating, and changing for the better. >> reporter: while some companies are abandoning ship, others are changing strategy. gap inc. is closing 200 gap stores, but is turning old navy into a separate company, where sales are up. tom? >> diane, thank you. >>> and when we come back, what is fueling this major inferno? residents reporting flames six stories high. >>> plus, the man and his dog stranded for nearly a week in deep snow. what he says saved his life out there. you'll never guess. be right back. with moderate to severe crohn's disease, i was there, just not always where i needed to be. is she alright? i hope so. so i talked to my doctor a

what are the reasons for some of these stores in the mall gymboree closes.the same time children's place announces comps that are, well, let's say that they're producing numbers where you're getting a loss in first quarter and they guide down from 777 to 5.75 they bought the gymboree intellectual property and crazy 8. i only know crazy 8 from "breaking bad. what is incredible to me, this, again, is the -- of the mall stores jcpenney call, they have to close a lot more stores. gap, they're closing half the gap stores this is hurting everybody in the reits. they're just getting crushed tanger factory outlet, they've got some this is emblematic of when you, like dick's, when sports authority closed, there is a flood of inventory. >> foot traffic what is the issue? >> we need more. we need more this is what is happening. if you think about what happened with toys "r" us and the food chain, they went under. >> every time you want to seize on this as an overall theme and say i can short almost all of them, a foot locker comes along or i don't know, you're like wai

furniture stores and then the big ones bart twenty five hundred from payless eight hundred from gymboree and charlotte rues five hundred those three are bankrupt in liquidation so that's what's going on basically in the industry and how does this compare i assume you know if we look at the last few years i assume that this is a lot more than we've seen in a recently. well two thousand and seventeen you had the record eighty one hundred thirty nine last year was down thirty percent and so far this year you mentioned fifty one sixty three but you have to look at the net to be fair and this is why no one's really panicking the net it's the stores that are open as opposed to the ones that close so the net with opens in two thousand and eighteen your last twenty four hundred fifty stores and so far this year with the stores that have announced openings you're down three five seven seven net loss so it's not the you know disaster there are stores opening and you have to take that to consideration i mean a lot of these stores steve they are a part paul parcel to these walls that are around i me

gymboree has found a buyer.s place and gap have agreed to purchase most evof what is left. gap paying $35 million for the online business and leases to jane and jack stores. in january gym were reoboree fi bankruptcy for the second time. neither returned a request for comment on sunday. >>> a new tesla is set to debut in less than two week. elon musk tweeted that model y unveil event march 14 at l.a. design studio. he added it is about 10% bigger than the model 3, so it will cost about 10% more and have slightly less range for the same battery. this comes after tesla announced that customers can now order the cheaper model 3 for $35,000. >>> "early start" 2icontinues wh senate republicans standing up to president trump. >>> completely destroyed homes. basically just slabs left. >> breaking overnight, nearly two dozen killed in an outbreak of tornadoes in alabama. >>> the senate has the votes to block the president's national emergency declaration. but is it enough to override a promised vee he toe. >>> it is ver

gymboree is selling its namesake and crazy eight brand to the children's place for $76 million.s for its janie and jack clothing line, gap will pay $35 is a way to win free flights from jet bluebut there is a catch. >> people have to wipe out there instagram post and exchange them from jet blue slogans filling in the slogans all you can eat, all you can beach, all you can jet, the contest is open until march 8 and the carrier will pick three winners for free flights for a year. >> you can also restart your account with a different name. >> that's fair or archive your old photos and come back. >> all right, thank you for those stories. >>> time check, 5:41. >>> this man says taco bell saved his life and how a few packets of hot sauce helped him survive a the traffic in dublin we will be back in a minute. ♪ [baby crib musical mobile] millions are still exposed to the dangers of secondhand smoke. and some of them can't do anything about it. protect your family. visit tobaccofreeca.com. >>> it is 5:44. a live look with the sales force tower camera. with cloudy skies we are tracking

big-name brands like brookstone, sears, payless, david's bridle, and gymboree -- bridal, and gymboreeanalysts are calling it a retail apocalypse. "cbs this morning saturday" co-host michelle miller looks at how nordstrom and other traditional names are modernizing their marketing strategies. good morning. >> reporter: good morning. they are, indeed. retailers like nordstrom's needing to find new ways to connect with shoppers. holiday traffic was slow in 2018, but the company posted better-than-expected earnings last quarter thanks to part to influencer arielle charnas. they're hoping to turn the 31-year-old's likes into sales. >> we did these turtleneck body suits and add ruching on the side -- >> reporter: if you're wondering who arielle charnas the most, look no further than her 1.2 million instagram followers. >> i get a lot of it from the girls who follow me. i mean, i don't think i'd be able to come up with this without them. >> reporter: it's a brand she launched a decade ago when she started posting some of her daily looks on her blog "something navy." >> i've pretty much been

children's place with disappointing fourth quarter earnings the company hurt by deep discounts at rival gymboree. i got it on the cheap, makes sense. finally, asendispharma, the phase three final for drug to treat hormone growth efficiency. market going up for the day. leslie >> hey, kelly. nice rally for crude today up 1.25% 0.8 of 1%. and natural gas, down 1.4% today but the oil moves, of course, moving in opposition to where equities are they're moving higher. crude is moving higher on optimism china and u.s. are closer to reaching a deal and a higher chance to the demand for energy worldwide could falter that's on trader's minds crude surged 25% this year as producers cut output back to you. >> thank you very much >>> a new nbc "wall street journal" poll shows how americans feel about socialism john harwood with those results for us john >> tyler, socialism has become one of the early buzz words of the 2020 campaign. republicans saying the democrats are headed in that direction most democrats are saying no, we're not and the nbc "wall street journal" poll shows why that's the case. how do yo

that does often happen after the holiday season so payless is closing all 2100 stores left over gymboree, charlotte russe. liquidated after failed bankruptcy renegotiations. asina retail lane bryant, justice, maurice's and catherine's, close 400 collectively and dollar tree closing 390 family dollar stores gap inc going to close 320 gap brand stores 117. a lot more but those are just. >> what's this going to do to that real estate how is it going to get reused and what's the knock on to the real estate companies that own these? >> it depends. not all of these are necessarily mall-based sol in strip centers so free standing or strip centers, sometimes, you can put in a dental office, you can put in a planet fitness, put in something else a little different. that is starting to happen in the malls as well. it's a little easier in the strip centers because the way the co-tenant agreements of what's allowed and not allowed to be sort of around those stores but it's interesting as we have been following the mall occupancy rates and they haven't dropped that much but the mall itself is startin

talk about the losers in retail, you mentioned the big winners but the bankruptcies of stores like gymboree, toys r us, leveraged buyouts of years ago not panning out because they didn't see this trend coming which to me speaks to the idea of being really careful if you go that route. >> right. >> who else do you think could be close to the line here? >> anyone who's an lbf from that era is in big trouble. these are smart people, again. they were done when they were cash cows. almost impossible not to generate cash on the store level on retail. they could throw off cash. pay down the dead quickly and move on. instead the internet and the recession at the same time you know that huge recession hit and then the companies way over leveraged. they had to spend capital for the internet and didn't have the money. >> they talk about how much dry powder private equity has, you know, probably understandably wary of where they put it to work right now that kind of makes sense jerry, thanks. >> pleasure. >>> tomorrow's the deadline for a key vote on, yes, brexit but we'll have the latest on whether th

san francisco's the gap will buy gymboree. gap stock has been doing pretty well after the company announced that it would split off old navy. netflix pushing back after the director steven spielberg said the oscars should change the rules to award best pictures to movies that play primarily in movie theaters. like green book i go "green bob" netflix was in the running with "roma" that played in a couple theaters but mostly on tv. >>> president trump says he is close to making a deal with china that would end the trade war. in the meantime we have the latest trade data on friday showing how important this is. america's trade deficit is the biggest it's ever been. >>> spacex successfully docked at the international space station. there was nobody inside except for a crash test dummy, but it proves that spacex can successfully deliver astronauts to orbit. >>> and elon musk says he will introduce yet another car this month, the model y. the company tweeted out this vague picture a while back. suv crossover, based on the model 3 se

san francisco's the gap is going to buy gymboree. gap stock did well after the company announced that it would split off old navy. netflix pushing back after steven spielberg said that the oscars should change its rules to award best picture to movies that play primarily in movie theaters. netflix was in the running for best picture with "roma" which played in a few theaters, but mostly on television. "today" will talk more about this issue coming up. and president trump says he is close to making a deal with china ending the trade war. in the meantime, we have the latest trade data on friday showing america's trade deficit biggest its ever been. spapacex successfully to beinge it capsule. it proves that spacex can successfully deliver astronauts to orbit. >>> elon musk says he will introduce yet another car this mosh month, the model y. it is suv crossover based on the model 3 sedan and the model 3 just fell in price to around $35,000. now, this price should spark a lot of interest in the model 3 except now there is a new model that

. >>> the gymboree brand will liv on children's place bought it at auction. >>> eli lilly has introducedsulin the price is 50% less than the brand name version this comes amid controversy on the high cost of prescription druggin drugs. rebates don't directly benefit all patients >>> there are more reports that the u.s. and china are getting closer to a new trade deal kayla tah shee joins us now with the latest >> good morning. the u.s. and china are in the stages of the trade deal that could be wide ranging. that could come as soon as the end of this month according to three sources familiar with the situation. they are now trading with spaces for the issues where agreement still needs to be reached between them but president trump according to these sources has communicated his desire for a deal by the end of the month and he's meeting with his trade team today to chart that path forward. with the impact of the abrupt end in focus, one senior administration official says the white house wants to pivot to a positive message on trade and get a deal but another says the stalemate em bolden

children's place is reportedly going to buy the gymboree and crazy 8's brand.d. the deal needs court approval. gap's move to buy janey and jack follows the big announcement last week, they plan to spin off old navy into a separate company. it is a busy week for retail companies, target, kohl's and ross will release quarterly results tomorrow followed by dollar tree, kroger and costco coming out later this week. amazon is putting more pressure on grocers. they're targeting beauty products. the wall street journal says amazon plans to launch urban grocery stores that sell beauty products alongside food. that could be a direct threat to current leaders like kroger, walmart and target. beauty products offer higher margins for supermarkets. amazon's also looking to open their first urban stores in major cities by the end of the year. i think i told you this before. you go to super target, you can walk out with champagne, face cream, cat food, it's a rocking friday night. maria: it's been a big week for retail. earnings are better than expected for the most part. kev

but, remember, children's place, you close 500 gymborees, a lot of inventory children's place i thinkch. you have to own it through the inventory like hasbro and people got tired of owning hasbro. >> got to wait for that, the walmart toy dynamic, right >> yeah. >> yeah. i guess you do guys, few things i'm keeping an eye on here, one of which i wanted to get to because when was mark bristow on with you, jim, sorry was it last night or the night before from barrick the night before, right? >> perfect barrick, he canceled, man. he canceled. >> he canceled >> yeah, he canceled. >> oh. didn't know that i didn't know that >> tv thing. it was a tv thing. it was, like, he was -- >> canceled, they had this dinner between -- >> no, he can do what he wants bristow is money there is no -- look, he would never miss my show he won't come out for a camera unless it is "mad money's" camera. >> executives from barrick and newmont talking about the potential deal, shareholders perhaps happy about that unclear exactly how much progress was made. but it is interesting to see companies willing to sit down

gymboree is closing 800 stores and filing chapter 11 bankruptcy. payless shoe stores announced it would close all of its 2,500 stores in what could be the largest retail liquidation in history. even department store giants are struggling with jc penney's closing stores. gap inc. is closing stores, but turning old navy into a separate company where sales are actually up. diana macedo, abc news, new york. >> items owned by the all-time leading scorer brought in nearly $3 million, and included four championship rings with the lakers, and most of the money will benefit skyhook foundation. it brings s.t.e.a.m. opportunities to underserved opportunities. >> the rings he auctioned off was from '80,'85, '87, and '88. >> that '85 ring brought in big $3,000. >> a lot of money. >>> coming up, a sneak peek at some of this year's hottest toys. >> comparing everything from barbie to spongebob. stay with us. >> comparing everything from barbie to spongebob. stay with us. ♪ >>> we all know the important part that toys play in a child's development but every so oft

the associated costs with the takeover of gymboree. the stock down 40% over the past 12 months.ou. david: kristina, thank you very much proven a slain opposition leader guiado returning home to challenge nicholas maduro today. ashley webster with the latest on the crisis. keep rolling that tape. would love to see your face. very dramatic stuff. he did some being that the regime in venezuela thinks was illegal. he left the country when he wasn't supposed to. he's challenging maduro to do something. ashley: maduro's and a bit of a catch-22 to be honest with you. he ignores guiado, continues to maintain he is the president. guiado's momentum continues to grow. brazil, argentina, colombia, ecuador. we know he's got a lot of support from the western countries. he stepped like apple mentum on a side. what i found interesting is if he comes back in venezuela where does he come through? or does he just fly both facing to the main airport which is exactly what he did. he went through immigration checks just fine. but it does. this is amazing. he called for a demonstration on his return.

discounters like payless, gymboree and retailers like macy's. so there's nowhere to hide.sociated with bricks and mortar real estate is incredible compared to how lane online retailer can operate in if they don't execute better we will see more of the same going forward. >> you mentioned at the start of the discussion would like to see more clarity in terms of policy. i assume in part you're referring to trade their period is bad or is there more to it in terms of companies holding back on commitments to make him a spending because they just don't know the type of environment they're operating in. >> trade obviously is a big issue in terms of the impact and they would like to see clarity. obviously it to tariffs lifted them in terms of china, some resolution to that and a good deal moving forward in terms of market access, intellectual property. but also that will set the stage for getting that result will set the stage for hopefully a passage on u.s. mca because that's a big lift as well. there's a lot of trade across borders with mexico and canada. that is another big pi

. >> the guidance moved the stock rather than announcement on gymboree. >> i have gone for hawaiian holdingsraded by deutsche banc. southwest recently got approval to fly to hawaii and plans to offer intra island flights and down 10% not so much l.a. to hawaii that they are incremental concerned and southwest doing -- once they're out there, lots of flights around there tomorrow on "closing bell" we'll talk to the ceos of southwest and delta. those both exclusive interviews coming from the jpmorgan transports conference and don't want to miss that and transports down seven sessions in a row >> what kind of economic signals. >> there's wind taken out of the sails and getting the answers why tomorrow. >> technology one of the best performing sectors this year nasdaq closing out on friday with the tenth straight week of gains but could it signal headwinds? joining us now at the telestrator is katie stockton. what are the charts showing you on the qqqs? >> this is the qqq chart and we have seen a very impressive relief rally 22%, 23% right up this way and it is now above the 200-day moving avera