j.c. penney's did not knock the cover off the ball. >> yeah, really. gross margin was up, sales were okay. they looked fine. seven cents from -- i'm thinking over the next seven months, i'm good, but i thought it was a fine report, kind of what i expected. the sales were a little better than i thought they might be. the gross margins were fine. they don't look like a company that's going broke, which is where the shorts were. >> jan, the liquidity, which is a fancy word, the available capital and cash that we've got to continue our business, terrifying rate the last couple year, a credit facility. do you think the risk of j.c. penney going kaput, because it runs out money is behind us? >> i actually do. they told us earlier in the year they were going to be even on cash flow this year. they reiterated that in the news press release. . they've only got $200 million next year of maturity due. i think they're fine. i think they're good into 2016 sometimes. as long as they continue to have sales increases and some margin increases, which i expect for the r

which is why this turnaround -- and it is a turnaround at j.c. penney is so amazing. ompany at one point reported comparable store sales down, a staggers number one that parts -- ron johnson, a little more than a year ago. penney brought back tried and true mike you will mean, the former ceo and immediately said, even though the appointments was only meant to be temporary. you willman immediately made several shrewd moves, the first raising cash in a brutal equity offering. next he cleared out all the merchandise that johnson had brought in, because it turned off shoppers. the displays chiefly showcasing more -- sent shoppers to just about every other retailer. especially macy's which had been the huge beneficiary of the downfall. then offering private label brands, given the far more bountiful gross margins the change gave a lift to the cash flow, which took any monetary worries. you willman is going on the offense now. first made perment ceo. by the remarkable work he's done. second, the lapsed penney shoppers are returning as the markets and promotions that penney h

. >>> still to come j.c. penneyiding the wave of a big increase in sales over this time last year sending the company's stock soaring this morning. wow, alison kosik. >> j.c. penney has had a rough couple of years. now it has apparently gotten its act together and customers are giving the retailer a second look. what is its secret weapon? i will have the answer after this 6789. the only thing better than the smell of fresh-cut grass... is the smell of perfectly level, fresh-cut grass. that yellow seat's my favorite chair. you wanna find a john deere dealer? just set your gps to tractor expert. when my grandson grows up, it's his. but it's all mine now. that's how we run, and nothing runs like a deere. get 600 dollars off all john deere four-wheel steer lawn tractors now at a dealer near you. >>> comcast looking to mess with you again. comcast is predicting a monthly usage limit for all internet customers. if you go over the limit you may have to pay up. they boasted a model this week. the company says it would try t

. > > we have earnings coming out for macy's and nordstrom j.c. penney kohl's this week. will you put on any retail plays? it looks like the options market is mostly bearish on all of those stocks except for j.c. penney. > > yeah it's funny the one stock i really do like is macy's. i think their cash position is very strong, i don't particularly love the retail space but they have a good cash position, good footprint in the industry and i'm looking for them to beat on both sides. > > thank you, larry. > > you're welcome. dramatic changes could happen soon in the television industry.. that was the takeaway from rumors that at&t is in talks to buy directv for 50 billion dollars. the two could close a deal in two weeks according to the wall street journal. neither company has offered up any comment on the deal. it follows a massive merger of comcast and time warner, which still requires approval from regulators. analysts say mega mergers are a new reality for cable companies as the internet evolves. "it's the same realization that dish has come to and with it, they bought li

j.c. penney not bad, a 15% gain reported strong sales. it is brimming over with this and he is here. you got on the set earlier today because of this. you are vindicated. charles: i'm in the process of being vindicated. i think people should hold on. it is a 30% short position. they are pounding this thing, over $10 in the after market. jpmorgan says we have a target of 5 and we go to 9. the target is a-5 and. a bang goes to 10 for 6. and anything halfway nice was oppenheimer. they made a bet on this company going out of business and sticking to it but i think they're turning around. by the way dillard and nordstrom also a big today. stuart: we are going to do that right now. don't interrupt the flow. profits are indeed up nicely at nordstrom, lauren at the exchange, are you going to tell me how big the stock is? >> reporter: say off my stock. is up big time, almost 11%. it took out a new high, that level is $69.10. the earnings report was really good, same-store sales, of the -- at nordstrom, discount line at nordstrom, also have solid s

nordstrom sales at $2.9 billion, j.c. penney at 2.8 billion. expectations and stock in both companies surging as the market gets going on this friday. let's take a look at the big board. see how we're doing after two very rough days. the dow lower by 4 points. nasdaq down 13. s&p down 2 points. nordstrom shares up 10% and j.c. penney is rallying over 16% higher. michelle and frank, back to you. >> if we only had tomorrow's paper today. [ laughter ] >> thank you. >>> a family is upset with a catholic high school in san francisco all because of a yearbook photo. jessica urbina wore a tuxedo for her picture but her family says the school won't use it because it violates the dress code. kpix 5 was unable to get an official comment from the school, the sacred heart cathedral prep. urbina's family hopes to meet at the school to work out a solution. >>> a big box is causing some raised eyebrows at san francisco's justin herman plaza. >> it turns out it is from amazon. amazon will ship a package to the big box then the buyer can punch in an online code

advertising agency reports chrysler, j.c. penney dropped commercials from her show, her ratings took a dive. the show was canceled. ellen was unemployed and reportedly came close to bankruptcy. just 15 years later, she's hired as j.c. penney's spokeswoman and hosted the academy awards twice. this is so quick. >> amazing to see the tide shift in american culture and the change of opinion that nowadays, there's so much more support for gay rights, for same-sex marriage and equality. john: same-sex marriage is yet a different point, and let's look how quickly attitudes changed there. in 2004, abc "washington post" poll found gay marriage was opposed by 59% of americans. 10 years later supported by 59%. >> amazing to see so many out and proud gay americans like ellen, anderson cooper and neil patrick harris and now with michael sam being the first openly gay nfl player. john: there were a lot of people very upset by that. one football player derrick ward tweeted, man, you got little kids looking at the draft when the kiss was played. >>

. >> number two, walmart and j.c. penney, earnings out tomorrow. >> walmart told us flattish comps, i was actually surprised they didn't guide down worse than that. i wouldn't be surprised to actually see a negative comp. the consumer is still under pressure. so the thing to watch out for, how much are they investing in pricing going forward, to get that market share back in the door. i think that will tell us a lot. >> what about penney's quickly. >> j.c. penney, they're looking for positive comps. still the turnaround story, less part of the story until disruption here, but i would stay away from it. >> on to another struggling retail investor, sears may sell its majority stakes in sears canada. what is sears' fund? >> i like to use the analogy here, you can't -- so really that's what sears is doing. we know their core business they have not invested in in years, we know sales have been down year after year, and they're basically getting rid of assets to keep their cash position a place to stay in business. i think they're

you said that stephanie link, the bull, won the debate on j.c. penney you made a great argument. what i find most compelling about you winning is the sentiment on this company is turning, whether it's completely turned, who knows. but there's no way -- i don't know how many people voted in this thing, but there's no way a year ago a bull wins a debate on j.c. penney, no way. >> in fact i would choose to debate the bear so i could rack up an easy win, and now it's not so easy. >> stacking the deck. >> you mentioned best buy, maybe this is a best buy turnaround. we'll see. in a couple quarters, we'll know the answers. >> pete, final trades. >> going to the regional banks, suntrust had unusual activities. >> is that what you think, in terms of investability areas in the financials? >> right. >> are the regionals going to be the outperformers? >> i think right now they were. the big banks have so 3/4 these things out. >> the regionals have gotten hit harder. we actually added suntruth. >> final trade. >> hadn'tman. >> akabai, long. >> esf, sticking with it.

these companies were like on the day in napa ridge really no surprise on google and link said rick j.c. penney and the list to. >>: 620 right now rock star brett michaels off the stage right during a concert he was giving after he fell seriously ill during the performance gap in last night's and manchester new hampshire. guitarist pete e. vick issued a statement on the band's website saying that michael appear to be suffering from an episode of extremely low blood sugar. paramedics were evaluating and read my post twitter a composted 8 tweets thinking the emt for their rapid response and care. >>: good morning and new facebook feature set to robot over the next couple of weeks has privacy groups up in arms. states into the kron4 through sunday, it's posturepedic through sunday, it's posturepedic versus beautyrest with up to $400 off. serta icomfort and tempur-pedic go head-to-head with three years' interest-free financing. mattress price wars end sunday at sleep train. ♪ your ticket to a better night's sleep ♪ ithe part of us that a littwants to play,on. wants to be mischievous, wants to run f

stuart: j.c. penneyut half of all shopping malls, racing to close some of those struggling stores and that is killing paula malls they are located in. more on this one. >> additional anchor stores for the malls. of the next two years j.c. penney will close 33 stores, sears closed more than a hundred. all these major stores closing, turning malls they are located in and many malls have both stores. turning to the smaller retailers in those malls. stuart: once an anchor store leaves. >> and a lot of retailers are saying if everything is going on line why should use and that money overhead for the sport? are starting to see the malls become interactive. into the golf courses and stuff like that just to get traffic in the mall. stuart: that won't stop the retreat as online shopping moves up. thank you. we call zoo lily the amazon phenomenon with a lock of period ending tomorrow. insiders will be allowed to share it shares if they want to. nicole: stock is down 3% today. a couple things we should consider, th

if you can bine those with coupons you can save at coles, j.c. penney. >> mattresses right now? >> this is when you see the really good deals on mattresses. 50, 60 percent off of the likes of sears, macy's had some very good mattress sales and appliances, too. refrigerators, washers, driers. in particular vacuum cleaner rs and refrigerators. th this>> we are talking home depot as 45 percent off. couches refrigerators all sorts of great stuff. >> what not to buy today? >> a lot of people are tempted to go out and get patio fufrn tour. the barbecuing stuff. >> try to avoid those things. >> if you can. there are some deals out there. >> there are some electronic deals being had right now. >> smart phones, tablets, tv's in particular. tablets have 50 percent off. or your kid for graduation. >> great idea. there you go. >> great to see you again. >> terrific to see you. >> ainsley, what do you have over there? >> thanks for coming in. time for the cyber videos. in the island whose the boss. he waddles his way to victory. roll over beethoven there's a new mus

>> i went to olive garden -- couldn't even get in the line on the way to j.c. penney. i said this place is so poorly run, how come you can't get on the lot on any olive gardens i go to and they don't make enough money? the answer is yes, good riddance to red lobster. but let me see the proof of olive garden turning around. >>> the market has seen only one side of the story right now. i won't use the "r" word. this market has a mind of its own. >>> apple has been quite the mac daddy. up 15%. is the run done or just getting started? the results are out for salesforce. i have an exclusive with the ceo. it's determining tomorrow's action. plus, today's declines -- well, let's say they your had undies in the bunch but i have a stock booming off of boxers and briefs. don't move. "mad money" is back after the break. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer, #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. cars are driven by pe

j.c. penney and nordstrom's are not the only ones moving higher.he fashion aapparel company, cosmetics, home furnishings, you name it handily -- retch did come up a bit short, but again dillard's currently up toward session highs 14% to the up side. back over to you. >> thank you very much. cnbc's million dollar home competition is back, bigger and better than ever. seven homes battling it out. since we're just weeks away from summer, all the homes are located in top summer hot spots. >> woo-hoo. >> yeah, woo-hoo. in each show, two $1 million homes face off. the winner moving on and the loser gets eliminated. the champion will be announced on "closing bell." touring the homes right now are morgan brennan and jane wells. >> reporter: with a majestic mountain backdrop, this custom log cabin since on nearly 3 acres of landscaped property. it has a heated four-car garage, a covered front porch and friendly neighbors. this cushy country home spans 4,700 square feet, vaulted ceilings, lots of light and the gourmet kitchen opens onto this great great room

just today they have 45% off budget rent a car, 15% off j.c. penney, 10% off at lows. out this website, you will be my friend, you'll like me and i'm trying to help you out. that is it for us tonight. check occupant the fox news factor website which is different from billoreilly.com and sound off at bill o'reilly at foxnews.com and name and town if you wish to opine. thanks for watching us tonight. ms. megyn is next. i'm bill o'reilly, the spin stops here. we're definitely looking out for you. >>> i'm megyn kelly live in new york city and tonight. >> president obama accused of ignoring the scandal of neglected veterans as we learn his team was told about the problems back in 2008. >> my concern is that the obama administration will treat this scandal like it does all the others, like a political crisis. >> senator mitch mcconnell. >> i want to know what is going to jail. >> possible details on legal problems who may have been encouraging the irs and

j.c. penney's and sears are hemorrhaging market share, so they could take market share as they start to breakhink the stock is relatively cheap, trading at 13 times this year's consensus cps estimates. and i think they've got scale as well, which is something that a lot of people aren't familiar with the macy's has such incredible vendor relationships, you know, when they have discounts, they can -- they actually pass that discount, the actual disparity and cost right back to the vendor, so it's very sustainable margins the look, i like the stock. the space an underperformed the s&p, i think there's room for the up side. >> don't bet against gary lundgren. kind of the walmart of department stories. j.c., let's look -- all mayy's has done is made investors money the last five years. do you see that continuing? >> you know, brian, i do. this chart has all the characteristics i like for, and especially if you have to be in a retail sector, this is one of the best of breeds. i do like that from that standpoint as well. taking a step back, you know, what has macy's done? the chart has rink. i'm hi

." >>> up next, from j.c. penney, to nordstrom, retailers are handing in solid numbers.'s the wall. we're going to talk about some of them, when we come back. (mother vo) when i was pregnant ...i got lots of advice, but i needed information i could trust. unitedhealthcare's innovative, simple program helps moms stay on track with their doctors to get the right care and guidance. (anncr vo) that's health in numbers. unitedhealthcare. what if it's too soon?. it's not too soon. look at the tub. yeah, we're gonna buy a house based on a tub? you had crazy eyes when we saw the garage. trulia says the mortgage is the same as our rent and it's in a great school district. ya know, cause we're going to start making babies. let's do it. what? yeah. now? yeah. barb's right there. not that part. oh. yeah. that moment you decide to buy. that's your moment of trulia. you could win 50 thousand dollars for your next home. visit trulia.com slash win today. what is this place? where are we? this is where we bring together reliably fast internet and the best in entertainment. we call it the

and they fly in on monday -- >> j.c. penney style. >> they leave on thursdays and fridays.y're not working full-time five days a week at this struggling company. >> and you think tommy would? >> tommy's got a lot of energy for this. he's going to be a director if he gets elected and his job would be to oversee those managers. >> greg, you're a very well spoken guy and it makes me wonder how important are presentation skills in this goldman-sachs age of activism? -- golden age of activism? >> do you need to be able to put together a killer 4 46 page deck and, you know, a super pervasive five-minute video in order to make your case? >> it's pretty important. we did a five-minute video with our nominees. part of what we're trying to do is to sequins convince our fellow shareholders that they should vote for change and voting for change is never comfortable and to get them there, wept to lay out the case in as clear a way as possible and in this case, we used video because we thought our nominees show so well and have so much to say and so much to contribute. let's get them out

center to welcome some of the most innovative companies. 7-eleven and bank of america, disney, g.e., j.c. penney, j.p. morgan chase, usaa, wal-mart, blackstone and la quinta. these employers are leading the way but there's a long way to go before the employment gap is closed. part of our initiative, we're going to learn from these companies' efforts. we'll share best practices and use our platform to spot programs that work. -- to spotlight programs that work. we'll help employers understand how to improve their businesses by placing veterans and military spouses in meaningful careers. and now i'm going to point the spotlight, in our audience today is ginger collins. i don't know where ginger is, are you here? yeah, there you go. here's the thing about ginger. she started work at la quinta inns and suites as a manager at the front desk in savannah, georgia. she married a guy named curtis he received orders for his third deployment. he leaves, she moves to irving, texas, good choice. [laughter] la quinta helped her. when they couldn't find her a management job, they put her on the front desk near

[♪ mÚsica ♪] >> la nueva colecciÓn para el hogar de j.c. penney hace que todos luzca bien juntos.s bien. lo estoy haciendo despacito. soy un estilista profesional. es poquito lo que estamos cortando. es bien poquito. ¿quieres ver cuÁnto te cortÉ? [grito] >> no importa, eso crece. >> aplausos para jacquie. >> te dejÉ un chinito. ahÍ, bien bonito. >> ya me voy. >> ¿me pagan? >> tÚ, desde puerto rico, con amor, ahÍ estÁ, y comenzamos. ¿me ayudan? 50. 100. 150. y... 200! jacquie, te queremos. saludos a puerto rico, estados unidos. seguimos con mÁs despierta amÉrica desde new york! [♪ mÚsica ♪] >> ay... lo que la gente hace por dinero. >> la verdad, quedÓ muy linda >> ¿se cortarÍan el pelo por 200 $? si es alan, no. si es sammy, sÍ. >> yo quiero aprovechar esta oportunidad para agradecer a la gente que me trajo estos ramos de flores y a la gente de nueva york que nos recibiÓ con tanto cariÑo. los queremos con todo el corazÓn. >> gracias por estar con nosotros, por recibirnos en tu casa. >> gracias a ustedes por venir a mi ciudad, new york y mi gente! >> y tambiÉn tenemos que agradecer

i mean, after all, people were giving ron johnson of late of j.c. penneythe wizard of merchandising, way back, you know, web he was at target and it turns out maybe he wasn't the pier dal worker there. in fact, steve jobs was the brilliant genius. you can get people from outside to come in and do it differently. they got several people on this board, in fact, from the world of technology, one missing piece of this puzzle. they got to understand direct marketing. they need a strategy and understand how people can shop online and pick up at the stores the way you can do with the competition they have enrique castro got fired at google. got fired. before that, he had a celebrated history at dell. the mackenzie guy, early mid-40s, a lot of running room there also you got several people on this board. this is one of those few boards, it's 40% women. mr. reagan four women on the board. >> smart for a retailer. >> well, a fawn retailer, fan taft iric turn around leader, anne kahe a woman who used to be the head of all marketing for coca-cola. the products didn't

penney's or sears t. retail experience is completely different. you go to j.c. pen fi's, you feel sad.on the floor. >> it does. it will be tough. >> you consider it was taken for macy's. i mean how is that name out there so long available? >> how cool is macy's? the symbol the m. >> why? >> it starts with it. >> i know how to sell it. >> for years. >> the letter? >> you mean the stock symbol. >> there was talk they were trying to preserve it. >> for microsoft. who never showed up. >> all right. in other earnings furksz they reported 2.65 cents per share. shares of the deer equipment, it was hurt by equipment sales in the u.s. and canada. in other headlines, the death toll in a mining disaster if turkey is up to 272. miners were under ground trapping them in the mine. nearly 400 miners have been removed from the mine, 80 of whom are injured. >> that rescue is ongoing. tliets to mid-way and o'hare slowly returning to normal. 800 flights were cancelled yesterday. they had to be evacuated due to an electrical problem that filled the control room with smoke. the dow and s&p continue to marc