is j.c. penney america's come back in. we thought j.c. penney obviously everybody was worried at j.c. penney, a lot of capital raises, there burn rate through cash, promotions and the like. right now 2.7%, they changed management, working on its turnaround and citigroup out today reiterating and actually raising the retailer to a buy rating from neutral and raising the price target to $11, so they like j.c. penney and talk about the sale of its sale improving and the momentum can continue in 2014. they like the home department and the kids' department so this is why they're loving j.c. penney and in the meantime the street, imperial capital and many others are worried about j.c. penney sell don't necessarily think it is the biggest turnaround story so we will see but citigroup with a positive comment and pushed j.c. penney to the highest level we have seen in some time. liz: it is not a retail store because sears is holding down 2.5%. closing bell ringing in about 48 minutes. want to know where all but missing bit:millions went on the digi

when it comes to j.c. penney the retailer, the stock is high as you see on your screen, when it comes to j.c. penney. adam: bring you up-to-date on gm congress marginal major program to general motors, lawmakers want to know why it took the auto giant nearly a decade to recall 1.6 million vehicles because of faulty ignition switches. that flaw has been linked to 13 deaths. rich edson is on the story and joins us with more from washington. rich: congress is looking into general motors, the government is looking into general motors and general motors is looking into general motors after the news that the chairman of the house energy and c committee was launching an investigation. fred upton meeting with a number of folks to the national highway trading safety administration, staff were continuing to have briefings to figure out why complaints of 260 over the last decade did not alert warnings from federal regulators. we heard back on this, the federal agency looks into issues like this saying we did receive that bu

one very photographed picture was the j.c. penney building which had just recently been constructed and the whole front facade of the j.c. penney building just crushed down on to the streets and on the cars below. this is a -- this is a picture here of government hill elementary school. i showed you the previous picture where my family and i had lived in the neighborhood of turnigan when i was a child. when my husband and i bought our home where our sons were raised, it's directly across the street from this property, where government hill elementary literally slid down the hill. and as you can see from the picture there, the devastation to the school was extraordinary. fortunately it was 5:36 in the evening on good friday and so there were no children at the school. but the devastation, the visual impact that still remains as we -- as we look back 50 years now at what happened, the stories of -- of loss of property, of damage to property, the stories of loss of life and truly miraculous survival, slowly started to reveal the extent

joseph bank rose about 4% to $64.22 and j.c. penney got an upgrade from citi. it rates the retailer a buy instead of neutral. it says it believes the retailer can continue to deliver positive same store sales as it makes changing like updating its merchandise selection. another retailer, dick's sporting goods says fourth quarter profit rose almost 7% driven by an increase in sales. 9 ceo says they should see double-digit earnings growth per year. up to $56.57. >>> both fannie mae and freddie mac tumbling after lawmakers released a blueprint for a housing finance reform proposal. the senate banking committee said it would soon release a draft bill that would wind down the government-owned mortgage companies. that bill would replace the financiers with a new government reinsurer. fannie mae fell 32% to $3.95 and freddie mac was down about 27% to $4.04. and shares of plug power tumbling after sit ron research says the stock is worth about 50 cents a share. the author of the note analyst andrew luck says there are no profits, no unique technologies and the end of g

j.c. penney has roughly $2 billion in cash and other financial crisis is not any longer and fire mode per it seems like there will be able to survive for another year or two. >>: and watching the investors. talking about, like, try to get even to switch their board up and even accusing the herbal life of being a ponzi scheme >>: is going to come out today. yes some sort of presentation were he and some internal memos. >>: something along the lines of st as we are a multilevel marketing scenario. i don't know if that's true or not a bud is becoming more and more desperate because your downside is limited. he wants the company to be called upon see scheme by attorney general's. so far no one's really signing onto a so we'll see what he has today. that's fix stock we're working with. >>: help the poor road is sen left the village in any trouble to read the words game is another one has a lot of material wait to it before you can actually say it but you're right. it's questionable to seek investors t

i think sears has reached a point very similar to j.c. penneyich i actually believe if for much of the same reasoning, is that the total real state far exceed the market cap. i think it is worst something here? yes, it is, it can laically with brands like kenmore. >> you think that's enough to put a bid under here, steve? >> no. >> i think you if you get them thrown in essentially for free that's an -- >> yes, i think craftsman particularly is a very valuable brand, one that hasn't managed yet, but has democrat indicates -- a lot of folks in america -- >> what's the real estate worth per share? >> there are a lot of different vail ways out there, but at least 1 1/2 times current cap. i think all of them exceed the market cap. >> carter, good points. steve, good points. that's why we call them talking numbers. be sure to check out the online edition, tacking numbers. facebook gets a downgrade. they may the long-term outlook, but c'mon, stock's up 153% over it is past year, so aural gus basically saying not much is that left. >>> ali baba will be

stock alert, j.c. penney on a tear after standard and poor's raised its credit outlook on their retailer to stable from negative. an analyst says the upgrade reflects their views that performance has begun to stabilize. the retailer forecast further modest gains over the next year. cheryl: has let announcing it will open over 30 new service centers and stores across europe. tesla's extension of the supercharger is good news for fuel cell and solar companies fuel cell energy and all of them hitting 52 week highs. all thanks to to as low. the unstoppable stock. adam: the obama administration is rolling out its 2015 budget and singing the familiar tune. can use a tax hikes? cheryl: oil prices reversing course, down 4% after closing at the highest level in five months yesterday. commodity analyst matt smith and phil flynn saying get used to this volatility. the energy burrito and the mighty fallen coming up next. when does your work en does it end after you've expanded your business? after your company's gone pub

j.c. penney's. >> audrey wasn't alone. everyone wanted to go to the mall.or half a century the mall was the mecca of our booming consumer society. >> lots of space in this mall. >> fact celebrated in many a popular movie. >> got everything. >> america's lover affair with shopping malls began in 1956 when nation's first fully enclosed mall, southdale opened its doors outside minneapolis. >> this is the most exciting period in this economy. actually the most explosive growth anywhere on earth at any time during history. early '50s through the '70s. >> robin lewis is the author of the "new rules of retail." >> in the mid '50s dwight eisenhower signed the interstate highway act. >> will have impact on the entire nation. >> constructed 54,000 miles of interstate highway. what that did immediately it provided mobility so they began moving in to the suburbs. and also what it afforded was the ability to construct these regional malls. they just exploded. across the country. >> between 1956 and 2005 about 1500 malls were built. including the mall of america in minne

american express and j.c. penney.red during the show since the 1990s. hoe help to tap into the media buzz ones the show kicks off. >> they celebrate the best films. razzies awards poke fun at the worse. >> they named movie 43 as the worse picture of the year. featured 16 off beat comedy sketches with such stars as halle berry. kate winslet and hue jackman. well smith was worse supporting actor and his son jaden worse actor for "after earth quote. >> 723. if you are taking a peek outside. rosemary is watching the tipping stormy weather we are having. not so bad, right, rosemary. >> not so bad. but enough to get you wet if you get caught in it. we will see storm tracker two. continuing to fall and follow a little bit of rain. it is over marin and stretching through fairfield and get closer. pinpoint some of this. maybe a few scattered showers falling outside your door. it looks really light. mill valley and novato included in the green. shifted towards the peninsula. we have a few light cells popping in here around half

drones, facebook, remember when we had j.c. penney on deathwatch back in september?tandard and poor's raised its output, it believes the company's performance has begun to stabilize. charles payne is and was a believer, you stuck by opec. 8:47 you are still in and, not selling, you are not going to tell you not taking profits, not tell -- you are going to stay. look at another of his picks. the scratch proof glass for smart phones, goldman sachs says to buy it, they will be watching charles because he likes it too. charles: 100% after we had it. stuart: you are pretty gold. i want to relate to you a loser, radio shack. remember this ad from the super bowl making fun of radio shack's outdated image. let's look at that image, radio shack is closing 1100 stores across the country. nicole petallides, that holiday sales to blame. what do you think? should we put this thing on deathwatch? sandra: radio shack changed their business model. yesterday you went in fur all kinds of gadgets and remote controlled toys and then they tried to reinvent themselves as some sort of mobi

big winner j.c. penney, that is the charles pick up another 3% today. 860. no comment required. move stottinnenew high at 83. what are they doing together? nicole: dish network, disney and directv, two separate deals have gone on this week. directv in talks with walt disney. this will be a revenue generator. disney broadcasts on the cable channel as part of an internet based product. is all about combining disney and the internet. that is direct tv, that is a little newer and earlier this week we also talked about a recent agreement between dish and disney where they are putting flexibility on the web to offer these products, smart phones, tablets, computers, outside prescription tvs, disney, a dish and directv, hitting new highs on a record day on wall street. stuart: the eleventh new high this calendar year. tell me about chipotle. that is up again despite the problem with avocados. nicole: fruits and vegetables, this is a story they filed in the financial report, one concern of warming in california and how that could affect the costs of avocados. in the meantime they are res

j.c. penney's stock is up almost 9% after an analyst upgrade. the dow down 4. the nasdaq up 10.s -- it is 8:42. chrysler is recalling more than 25,000 suvs. chrysler says the recall includes grand cherokees and dodge durrain goes from 2012 to 2013. the drivers have reported the brake pedal can feel spongy. upgraded software will improve the feeling of the pedal. chrysler says there have not been accidents or injuries reported on this issue. >>> let's get you updated on the top stories -- san francisco's district is charging a san jose police officer with rape. investigators say in september of 2013, officers including officer graves responded to a disturbance between a husband and a wife. officer graves took the woman to a nearby hotel where she worked. the d.a. says after dropping her off, officer graves returned to the hotel and allegedly sexually assaulted her. auvs graves sur -- officer graves surrendered yesterday. >>> pg&e is still working to restore power to people in concord. the outage happened after a suspected drunk driver crashed into a power pole at willow pass and

j.c. penney's melt down. >> a company that tried to turn itself into apple.n who ran apple stores. ron said we can go like this and make it like an apple store. forgetting that the customer base is completely different. they have hundreds of thousands of employees who are used to working at this kind of old place. it is not that easy. the mismanagement, infighting, lack of leadership. it is all about the l. word. >> acronym branding of jcp trying to make it hip and cooler. >> you can move the needle but you can't just flip it on the dime and borrow billions of dollars. >> fascinating. don't agree with everyone on your list or who is not for it. >> that is what these lists are for. >> we'll talk. >> quiet streak. >> look at those eyes. >> john meacham had to talk to that cat. >> she fell asleep. >>> we are looking at the new issue of "fortune" magazine. we showed you what jolts us into work each day. it's your turn now. send us your tweets. use instagram. you're watching "morning joe." ♪ [ male announcer ] this man has an accomplished research and analytical g

. >> j.c. penney is lee launching its home goods department today. the former c.e. the space and replaced it with trendier plans, the stock upgrading this week, expecting those new sections to boost sales. >> we'll see if consumers were able to shake off the winter chill. economists expect sales to rise slightly after declining in february. one analyst says the next few months will be tough for retailers. >> retailers have been warning us, you know, it's beginning, it's only the first month of the first quarter, but don't expect too much for the entire season, already lowering expectations for earnings, and that's worrisome. >> wall street poised to open higher, dow futures up 16 points, starting at 16340, the s&p at 1868 and nasdaq at 4323. overseas asian markets ending mostly lower, shanghai posting a 1% gain. european markets are mostly mixed. >> it has been a budget o. buster, terrible winter across the country, the out of pocket expenses are adding up for states. the final tally won't be known nor months, but costs could climb as another storm roars across the

manufacturers are liable for these types of disasters well american companies like gap and wal-mart and j.c. penneydid not like. any of these reforms they wanted to counter them they didn't want to pay for any of these necessary upgrades or be liable for future disasters so they had d.l.a. piper dash was firm and go out and sell an alternative plan that does not keep them on the hook for any future liabilities saving them a lot of money but potentially causing more death and pain in the future so what's interesting here is as that deal a piper lawyers and officials went around the city selling this alternative week labor clare no one knew that they were being paid by gap one of the big companies that refused to play ball. that's just another example of of the shadow lobbying complex that you have folks selling policy selling influence and of fashion with the way that these policies are acted without registering and without disclosing if you listen to their rhetoric or when they're walking around the city selling this plan they said that they are with based they are affiliated with think tanks or th