and, you know, j.c. penney hired ron johnson because of his legacy and because of some of the things he was able to do at apple, and i don't think they're going to give up on him just yet. i think time will tell. >> susie: tom, we'll find out more about how ron johnson's plan is doing when penney's reports fourth quarter results on february 27. so far, he still has the backing of bill ackman, the big hedge fund tycoon. he is a big investor in pennies, and he says he will give them three more years to prove themselves. >> tom: the investors really like the news today. but they're down 24% since johnson came on board to j.c. penney. he still has a lot of ground to make up there. the broad market climbed to a new five-year high. growing home prices helped even though consumer confidence was down as the year began. after a choppy beginning, the s&p 500 turned higher in the first 45 minutes, hitting 1,500, and it didn't look back, finishing up 0.5%. trading volume picked up from yesterday-- 720 million shares on the

and, you know, j.c. penney hired ron johnson because of his legacy and because of some of the things he was able to do at apple, and i don't think they're going to give up on him just yet. i think time will tell. >> susie: tom, we'll find out more about how ron johnson's plan is doing when penney's reports fourth quarter results on february 27. so far, he still has the backing of bill ackman, the big hedge fund tycoon. he is a big investor in pennies, and he says he will give them three more years to prove themselves. >> tom: the investors really like the news today. but they're down 24% since johnson came on board to j.c. penney. he still has a lot of ground to make up there. ground to make up there. the broad market climbed to a new five-year high. growing home prices helped even though consumer confidence was down as the year began. after a choppy beginning, the s&p 500 turned higher in the first 45 minutes, hitting 1,500, and it didn't look back finishing up 0.5%. trading volume picked up from yesterday-- 7

finally j.c. penneyding higher after reports the retailer will begin offering targeted discounts. last week on halftime bill ackman had this to say about j.c. penney. >> people criticizing them for taking away the sales last year and going to every day low price. some people have noticed the company is starting to bring back sales and clearance. it's going to be a balance between every day low pricing and sales and other ways to drive traffic and to give the customer value which is something the company stands for. >> all right. that conversation happened before the brouhaha. so it was sort of lost. >> yes. >> that comment from ackman. what is your reaction to it? >> i think looking at -- i think what ackman has to say about j.c. penney is really, i don't give it much credibility. he's been dead wrong on the stock. but i actually bought j.c. penney stock this morning because i think the stock was over sold. i thought that a little bit of positive news like we got here could get the stock rallying back to

j.c. penney's is bringing the goats old-fashioned sailed back to stores. they got rid of discounts and coupons, and everything in the store was cut by 40%. the company lost more than half its value. new price tags will show customers how much they are saving. >> everyone loves a sale. >> you raise the prices. >> it is all in the perception. >> have i got a deal for euanyou. it is really going to warm up. look at the moon breaking through the clouds. as the skies have begun to clear, there will be some patchy fog around. right now after a high temperature of 44, a is 44 degrees. the first day in a week in which our temperature is average or above average. you are saying what clouds today. what fog. they are right there. that was the sunshine. here we are in washington. you folks are among the clouds, and that is where they still are. temperatures are well above freezing. there were a few sprinkles, a few light rain showers to the south, and an outside chance there might be a sprinkle but we will be seeing more of the same. that is some clouds, but look at t

ubs cuts j.c. penney and the analysts say it's a sell, not a neutral. down a buck, j.c. penney.ler lowered fourth quarter and four year profit guidance and the stock is up. itunes, amazon is going to offer free digital versions of purchased cd's and amazon holding close to it's all-time highs. >> and best bouy. and travel on-line now days american express the stock is up 45 cents. the dow is down 18. we are an overly medicated society and now the feds want to make it tougher for you to get vicodin. we've got a lightning medical round with dr. siegel next and bring up the flu shot debate all over again. why is it that every year, just for the past four, five, six years we're told, oh, you really ought to get a flu shot. i've never heard of that before. >> you should have a flu shot, stuart. if i thought i could talk you into it, i would have brought one with me and given it to you on the show. now, i want to read this, socialism is a philosophy of failure the creed of ignorance and the gospel of ending, it's inherent vir sue is the equal sharing of misery. where is he now? [ male

. >> j.c. penney is rolling out hundreds of sales it ditched and hopes to luring back shoppers with the discounts disappeared. they also plan to as new price tags to show customers how much they are saving. >> barbara walters is in the hospital. >> the disease she is streeted for that is typically found in young children at honda, we know some people are never happy with the way things are. and are always dreaming of how they could be. smarter, simpler, how-on-earth-does-it-do-that... er. and they make it that way. because things can always be better. we like those people. they think like us. introducing the best civic sedan yet. made possible by honda. >>> thanks for staying with us. you pay have noticed barbara walters is abaccept from the view. first she fell and hit her head -- absen from the view. first she fell and hit her head and now she has chicken pox. she is not allowed visitors but is said to be recovering. >>> a heart warming story this morning. a kansas couple is celebrating a rare and i

sales are coming back to j.c. penney stores.epartment store chain has stopped holding sales to emphasize it's prices were always low. shoppers didn't buy it and sales dropped. and youtube says companies that preview the superbowl commercials on youtube of course get better results. those ads are viewed 6 times as often as those first seen during the game. and that's america's money. >>> your a -- you're watching the station that works for you. now good morning maryland. >>> closing arguments begin today without john leopold taking the stand in his defense. a recap of the trial and what'sat stake for him. >> he lost all four limbs while serving in iraq and morning we will tell outstory of a shoaled year who has two -- soldier who has two new arms thanks too group of doctors. >> baltimore county school district is stepping up efforts to keep your children safe. what they plan to announce to parents today. those stories straight ahead on this tuesday. thanks for joining us. i am megan pringle. >> i am charley crowson. a mixed bag w

among the leaders, dollar general's 3.8% rally, big lot's 3.6% increase, and j.c. penney up 3.4%. these three are among the worst performing retail stocks over the past six months. two other specialty retailers in focus today. young adult apparel store express jumped 23.8% after the company raised its financial guidance thanks to a stronger- than-expected holiday season. and then lulu-lemon, best known for its yoga clothing, fell 3.9% on heavy volume. it raised its financial outlook, but only brought it up to what wall street was already expecting. in other words, the new prediction is not better than expected. a noteworthy moment in precious metals today with platinum regaining its traditional lead over gold. for the first time in ten months, platinum trades at a higher price than gold. both rallied today. platinum settled at a three- month high after the largest producer said it would cut production at mines in south africa. three of the five most actively traded exchange traded products were higher. the emerging markets and nasdaq 100 tracking funds were the losers of the group

the cash flow at department store j.c. penney also came under scrutiny today.tment bank u.b.s. thinks the store will have to change its turnaround strategy to address cash flow worries brought on by company spending money on new shops. shares fell 4.7%. two specialty retailers were moving. teen clothing store aeropostale fell 6.5%. investment firm piper jaffray cut its rating from overweight to neutral, pointing to a disappointing holiday season. meantime pacific sunwear was shining up 2.1%. even though it warned about losing more money thanks to promotional discounts. instead, an analyst noted the company's profit margins have improved from a year ago. a lower financial forecast also hit global engineering first k.b.r. it warned its full year earnings will not be as strong as anticipated. it partly blames the disappointment on higher than expected labor costs. shares sank 7.9% on heavy volume. falling to a two week low. but ford motor is adding to its labor ranks. the auto maker announced it will hire 2,200 salaried workers this year. the job opportunities wil

among the leaders, dollar general's 3.8% rally, big lot's 3.6% increase, and j.c. penney up 3.4%. these three are among the worst performing retail stocks over the past six months. two other specialty retailers in focus today. young adult apparel store express jumped 23.8% after the company raised its financial guidance thanks to a stronger- than-expected holiday season. and then lulu-lemon, best known for its yoga clothing, fell 3.9% on heavy volume. it raised its financial outlook, but only brought it up to what wall street was already expecting. in other words, the new prediction is not better than expected. a noteworthy moment in precious metals today with platinum regaining its traditional lead over gold. for the first time in ten months, platinum trades at a higher price than gold. both rallied today. platinum settled at a three- month high after the largest producer said it would cut production at mines in south africa. three of the five most actively traded exchange traded products were higher. the emerging markets and nasdaq 100 tracking funds were the losers of the group

. >> j.c. penney? >> at j.c. stomers, and as a moinvestors. >> it could be a long time value, h-p has also had a lot of problems with probleproduct launches. it is a combination of four things that hurt the companies. i would not invest in something like this but it is fun for water cooler talk. >> facebook is mostly just angry investors. >> advocate all changed with their super secrets. >> that's right. thanks for joining us. >> we are going to see the sunshine continue and warmer temperatures later in the week but today we would not talk out by much. >> today will still feel cold especially by this afternoon. we are improving though. forties' and about and still cold and then rosa at 33. 44 in oakland and richmond is also in the low '40's. no more 20s on this map and that is the good news. we're starting to warm things up. for today we had that freeze warning but it is gone now. this afternoon, lots of sunshine and it will be a cool day. you're going to want to bring up the winter weather gear and later up. tomo

j.c. penney's again, one year after the struggling retailer got a new ceo and ditched all discount sales in favor of a low pricing plan, it's bringing the sales back. turns out a lot of shoppers went away when the discounts went away. barnes & noble is closing the books on a lot of its stores. amid the surging popularity of e books the company saying it could shut down 1/3 of its locations over the next 10 years and that investment in college may not be paying off right now. a new study shows nearly half of working americans who graduated from a university have a job that does not require a four-year degree. that's business. i'm dennis neil.   >> this fox 5 stock market report is brought to you by your lexus dealer. live life heroically.  i got it when we could download an hd movie in like two minutes. [ male announcer ] once you've got verizon fios internet, you get it -- the difference 100% fiber optics makes. but don't take our word for it -- ask a real fios customer. ask me why fiber optics matters. ask me about the upload speeds -- they're sick! [ male announ

j.c. penney bucking the trend in new year starting the year with a bick bounce after losing 40%, alexion and other biotechs rallying and consol energy and natural gas players among today's decliners with forecasts calling for warmer weather ahead. kohl's and other retailers lower after likely disappointing sales. and emc, disappointing fourth-quarter earnings, and continued pressure for watson phrma after the fda approved a generic version of its adhd drug. a lot of movement today, bill. >> ber, that thank you very much. >> sorry, we've been chatting here. >> bill is making an interesting point. got to look at strength within the market and pay attention to what signals we're seeing. >> and a very strong last few minutes of trading here for the bulls. >> anything to give pause, maybe it's what happened with the euro, not exactly participating. >> exactly. a huge first day of the year msnbc what for the rest of the year? someone who studies these types of things joins us next? >> also, billionaire

similarly j.c. penney getting another downgrade today, this time from ubs. polling shares down and also one of the biggest losers for the week, but it wasn't all negative, and it certainly wasn't all predictable. take a look at the best buy chart for the week, particularly today. the consumer electronics retailer announcing holiday sales not great but not as feared. some thinking that some of that turnaround might be starting to take shape. i don't know. we've got a ways to go on this one, too, i think, and then celgene, one of the week's biggest winners. positive news out of that company garnering some upgrades as well. maria, back to you. >> security, thanks so much. we'll take a short break and then the first full trading week of the year is in the books. much more ahead on this busy edition of the "closing bell." our market pros will help us prepare for the wave of market earnings next week and the flu is sweeping the country. one of the top vaccine-makers is running out of medicine. find out how sanofi is trying to combat the problem. wealthy looking fo

j.c. penney's ceo ron johnson a year ago.as talking about a year ago. >> i knew the day because it was my birthday. we walked off the set that day and i knew that was going to be a statement that ron johnson was going to regret. investors, a lot of people were shorting the stock based simply on that comment that day. this is a lesson to investors. nine of ten times you bring a high profile ceo in. if the business is deteriorating a ceo alone can't change it. you never set these things in stone. they're going to change 15, 20 times until they get it right if you could be the

if j.c. penney comes out they could ultimately fire some employees. some of variables. were higher. they changed things of that and also collect parker. hewlett-packard >> also, you can catch rob black on the a.m. broadcast and also on our twitte4/7 contests, 193. go to our new channel. comcast 193 for the latest news, weather and traffic updates and on digital 4.2. >> taking a look of our current conditions it is 44 degrees in daly city. 49 in the san francisco, 49 in richmond, sunnyvale. and in pleasanton, also 46 degrees. as we take a look of the next couple of days. warmer weather. temperatures in the morning will be on the 20's and 30's. mid '50s a little bit warmer. we will continue to see that warming trend for the week at the weekend. there is still cold air. hi skies and high pressure. well in and around us. not much rainfall but temperatures for the morning lows. chilly through napa, fairfield, 29 degrees in fairfield. 30's in concord. 30's in pleasanton. sunnyvale. freezing. redwood city and in livermore, 28 degrees there is a freeze warning for the north bay

fact, several, who say that that's going to hit american based department store chains, macy's, j.c. penneytart our market coverage this morning with nicole. macy's, any impact? >> macy's is not really moving too much. as we noted quarie is saying virtually flat. tiffany's, the traders were noting before the opening bell and the numbers are lower and forecast. fake a look at tiffany stocks, which is probably down around 6%, but it's about that and coach will likely be to the down side as well. so, not meeting the numbers. and hold on, can you see this? i was practicing jack lew's signature. stuart: nice try. >> is that good? >> i've got to bet you're going to be seeing a lot of that loopy loop signature in about a year. thank you very much indeed. the dow industrials opened 52 points higher, 13,400, even though we're going to take 200 billion out of the economy this year, and nancy pelosi is talking about more tax increases still to come. maybe everybody thinks that ben is just going to keep on printing, maybe that's why we're at 13-4. a disturbing number for you, makes you question what ki

j.c. penneyigns of what they call cash flow issues. >>> the road map will go like this. wells fargo the first major bank, but the report is not without problems. we'll talk to a portfolio manager why he invests in the big bank, and what we can expect. >> mike at burgiss says voting to raise the debt limit was one of the worst things he has ever done. he'll tell us why when he joins us live. planes, trains and automobiles, the transports hitting new high this is week, but which part of the sector, and apple encountering big hurdles lately, but the real problem might just be best buy. why the tech giant's best move might be -- >>> wells fargo kicking off bank earnings, the net interest margin did fall nearly 4%. that is sending the stock lower. kayla tausche has been monitoring the conference call. good morning. >> carl, that's right. the last time i was on with you about 30 minutes ago tim sloan talked about the big one, returning capital to shareholders. earlier this week we had the deadlines for