j.c. penneys is is making plans -- j.c. ey's is making plans to close hundreds of their stores. ( ♪ ) ♪ you gotta to be cool, calm, collected ♪ ♪ look your fear in the eye ♪ you gotta be shaking off the pressure ♪ ♪ gotta be taking your time ♪ had my ups, downs, run-arounds ♪ ♪ my dark and despair ♪ but the best stuff came ♪ when all the sweat wasn't there ♪ ♪ you gotta say ♪ hey-y ♪ ho-o ♪ hey-y ♪ ho-o >>> police in santa clara broke up an identity theft ring. investigators arrested two men and a woman accused of stealing the identities of at least 12 people in the city of santa clara. during the raid at a house in san jose, detectives seized piles of stolen mail, fake i.d. cards, printers, and card readers. based on that evidence, police say there are bound to be more victims. >>> an internet security company called cloudfare discovered a bug in their security systems that may have compromised personal information from thousands of websites. cloudfare is a san francisco company whose clients include fitbit and uber. people

. >> marvin -- with j.c. penney. >> good report on you, good job. >> thank you. so maybe we go around the room. i guess we can let the press go, right? thank you all very much. >> that is the president flanked by retail ceo, a big -- from talking about this border tax plan, which they art will welcome. you heard the president talk about what he called a massive tax plan coming along really well. we'll see in the not-too-distant future. good morning, ayman. >>. >> a lot of tense issues. including the fact this is a president who has been willing to tweet very critical, including nordstrom's and the decide to put from that outlet. that's been a controversy. the retailers here didn't want to talk about that this morning, and you heard the reporters there at the end try to get an answer from the president on this issue of russian espionage contacts by his campaign which was reported in "new york times" this morning. the president clearly didn't want to talk about that. he wanted to focus on the jobs report, the stock market. as well as what he's cattle the job crazy

j.c. penneyat least 130 stores in an effort to improve the company's online sales. about 6,000 workers are being offered buy outs with retailer calling quote voluntary early retirement programs. no word yet on what exactly stores will be closing. those cuts come as the company adjusts to growing competition from online retailers. j.c. penney expects to save about $200 million in annual costs. >>> so are you someone who likes to sleep the day away on the weekend, trying to catch up. >> um-hmm. >> why doctors say it may be an early warning sign. i will never wash my hair again. new pantene doesn't just wash your hair, it fuels it. making every strand stronger. so tangles don't stand a chance. because strong is beautiful. mythey have to be great on themy tinside and outside. to strengthen both, she said to go pro. go pro with crest pro-health advanced. it strengthens... teeth inside, and is better at strengthening the outside... ...than colgate total. best check-up ever. did you know slow internet c

. >> j.c. penney closes up to 100 stores to improve online sales. that's 14% of stores and 5% of annual sales. distribution september rz will be shut down and cuts come as the company ajust to the ever growing competition from unlined retailers about 6,000 workers being offeredeler early retirement buyouts. they'll release a list of stores to close. >> here'sen receivetytive to go live on facebook. social media network will offer paid live broadcasting to the general public. here's how it works. if you have more than 2,000 followers and can get at least 300 people to watch at one time facebook will share 55% of ad revenues with you. if you meet the you could get notification to sign up. youtube offered that same deal for years. >> all right. >> i can't believe how warm it is. >> i don't think anyone is complaining. >> not at all we might complain in a few hours you. >> might. >> it's going to be nice compared to what it was this time last year probably. >> definitely this is not your typical february let's put it that way. it's not your grand father

department store giant j.c. penney announcing plans to close as many as 140 stores. an offered buyout for 6,000 workers. the company blaming an industry-wide sag in competition with online sellers and retailers, amid challenges sears which are aggressively closing stores to shed costs as shoppers flock to alternatives. u.s. government troops are facing stiff resistance from isis fighters as they push deeper into mo mosul. >> there are car bombs and drones and a thousand civilians are reportedly walking across the front line to escape the violence. that's a look at news. now, back to forbes. david: unfortunately, the budget that we're inheriting, essentially inheriting is a mess. our moral duty to the taxpayer requires us to make our government leaner and more accountable. david: leaner and more accountable. president trump vowing against this week to cut government waste, reduce the national debt. he says his budget is going to focus on slashing spending, but steve says, the president has to do more than scrap spending piecemeal. he needs to scrap whole departments.

j.c. penney not in passionate this hour. the embattled department store chain plans to shudder as many as 140 stores to transform the remaining locations into shopping destinations. as the stock drops four, nearly 5%, what does the destination thing mean? for pickup of online items that were ordered at j.c. penney. kind of just like a warehouse. who knows? mean time, jailhouse rock for prison stocks. both privately run prison companies stand to benefit as the justice department reverses president obama's earlier order to phase out private contractors for federal-run correctional centers. both of them moving higher by under 2% to just under 3%. >>> okay, i need to tell you this, whatever happens with the markets today, the dow will make history again. so this record streak of ten in a row we've been seeing will either keep roaring owhich will be another record or it will snap. ten straight days of new closing highs for the dow going back to february 9th. the trump bump since election day has powered 13.5% gains for the dow po

the ceos of auto zone, best buy, target, walgreens, j.c. penney, joanne stores and tractor supply company will be there for the meeting. >>> "washington post" is reporting that the trump administration staffers are communicating by using an encrypted messaging app that erases messages after they've been received. they're using the app called confide to avoid being -- as president trump moves to crackdown on leaks. this is video from the startup. the post report follows similar reporting last week by a news and information website. >>> now to a story that will have you over the moon this valentine's day. nasa today announced it's detected a star's heartbeat. you can see it right here on the right side of the star in this nasa photo. scientists say the star appears to vibrate every 87 minutes. they believe it's caused by the gravitational force of a planet that -- at the closest approach during orbit causing a heartbeat effect. scientists are having a little fun with it as you can see. >> that's really cool. >>> a lot of viewers are sending in speci

j.c. penney is closing many of their stores and distribution centers. they'll announce next month which stores will close. we don't know how many jobs will be lost as a result of this. a bizarre find for a man from d.c. wildlife officials in wyoming said he caused a stampede. official says some 1,500 elks gathering around when david smart launched his drone. small drone went up, that was it. the machine startled the animals, causing them to stampede through three feet of snow. he was issued a ticket with a $280 fine. don't play with drones around elk. a pleasant you walk outside today it was unbelievable. michelle: i was talking about that summer like temperature in february. but you know, it is bringing about some questions. one, are we going to see more bugs this year? short answer, yes. we checked with an entomologist who told us more insects will survive the mild winter and will be out in full force this spring. jonathan: believe it or not, we're talking about cherry blossoms as well. cherry trees are at green bud stage. that's the first of six phas

. >> and more trouble for the struggling retailer j.c. penney. hena daniels joins us live from the new york stock exchange, good morning, hena. >> reporter: good morning, rahel. good morning, jim. this week investors will be watching when president trump has to say about during his speech to congress tomorrow. dow extended winning streak to 11 days friday. nasdaq went up nearly ten points. >> jc pony stocks dropped nearly 6% after the company announced plans to close up to 140 stores. the department store change is offering early retirement plans to thousands of it employees. trim costs while competing with on loin retailers. >>> the oscars are not only for the stars to shine. samsung aired three new commercials during the academy awards, to obviously cell phones that also with the message after promise that the galaxy products won't catch fire or explode know more. pushed quality and self at this as apply ores tis. and it is fax time. if you are one of the more than 07% of taxpayers, who will get a refunds, the question is: what do you do with t

j.c. penney is the worst case. >> amazon is not a threat to home depot right now they are a threat to almost every other retailer. >> up next, tesla sliding 6% this week after disappointing earnings report and that has dan grinning ear to ear. he'll tell you his next move after this break. more "options action" still ahead. ♪ guyhey nicole, happening here? this is my new alert system for whenever anything happens in the market. kid's a natural. but thinkorswim already lets you create custom alerts for all the things that are important to you. shhh. alerts on anything at all? not only that, you can act on that opportunity with just one tap right from the alert. wow, i guess we don't need the kid anymore. custom alerts on thinkorswim. only at td ameritrade. won't replace the full value of your totaled new car. the guy says you picked the wrong insurance plan. no, i picked the wrong insurance company. with liberty mutual new car replacement™, you won't have to worry about replacing your car because

some people say it looks like a j.c. penney photo. >> almost like a funeral parlor.ou haven't heard, beyonce now announced she is pregnant with twins, did this on instagram. and they already have daughter blue ivy who is five years old. but, if you're in new york or people pay attention to the new york post, have you seen that cover this morning? >> welshing look at that. >> yes. >> immaculate conception, mother of god singer's pregnant with twins. and they say put a halo on it. is that too far? i saw this and i thought people, you're comparing her to -- >> i don't want to say anything against the new york post, because we own it. >> what are they trying to say, she does not have sex with jay snaz. >> no, some people say it looks like she is the virgin mary. i don't know. >> oh, with all of the flowers, and the vale? >> some people say oh, it looks like our lady of guadalupe a, some of it, maybe that's how they take it? or maybe talking about the freak out. and people were freaking out yesterday. >> what's the big deal? she is pregnant with twins. people have twins.

. >>> in your money tonight j.c. penney is closing 130 stores.'s all part of an effort to improve its online sales. about 6,000 workers being offered buy outs with what the retailer is calling "voluntary early lee final" cuts come as the company adjusts from the growing competition from online retailer. they expect to save $200 million in annual costs. >>> sears just announce layoffs as well. the company is does it cutting 130 jobs mostly at its headquarters in illinois. the move is part of a recently announced restructuring planned at cutting at least a billion dollars a year in costs. sears stock is down nearly 15% this year alone. >>> they're dressed up like nuns but they definitely aren't the kind you'll find in your local church. these ladies are growing pot. meet the weed sisters coming up. >>> scott williams is tracking your forecast. scott? >> that's right, dawn. right now we're dealing with spring-like conditions but take look at that frontal boundary off to the west. it will bring around of showers even thunderstorms the latest timing c

so cute jacket, available at j.c. penney, also then has red blouse on from avenue.simple with a black legging, because again, you want to be cute but you want to be comfortable. and still, spicy at the same time. >> all right. >> let's get into the good stuff. >> this is mike, the reason why he's here, for the next one. for the after hours? >> absolutely. you know, i want to keep it very sheik in the buda, so we have here something that the laid kiss wear, something that the guys can wear. keeping it synchronized with the heart. so it looks real cool. because heart robe, but then has little, you know, lays, and shorts, and what i call the little cat caller heals. >> what? >> they say hello with a little fur on there. >> oh, these are cute. >> heart pants. what do you think about those? cute because it it is from burlington, inexpensive, but oh, still -- >> the heart on his pants. >> a man after your own heart. >> that's right. >> now, is that a mask he has? >> absolutely, so, you know what? we're playing roller buster here, usually the ladies wear that, but he's say

j.c. penney closing up to 140 stores.rs are also on the chopping block. the announcement comes as a store reported a slump in sales. closures will be announced in the coming months. you know it's stores like macy's also struggling to get people to the mall. it's also closing many of the doors. jonathan: check this out. 90 inches of snow in one week at the ski resort north east of sacramento. 35 feet in five weeks. some of the slopes in the sierra pledge to be open through independence day. they have done it before but not with this much snow. other elevations will stay open deep in the spring. they have gotten almost 600 inches of snow. 50 feet. that is this season alone. others have topped that. in fact, mammoth mountain is south of there and they are up 650 inches. that is close to the record. michelle: that is insane. jonathan: a lot of snow. steve: we have 1.4 inches of snow. so that is it. at reagan national airport this season. jonathan: that much. michelle: it doesn't look like we'll add to it. steve: we are not. t

. >>> well, another department store announces plans to down side, j.c. penney40 stores nationwide over the next few months. the stores affected have not been identified just yet, nor is it clear how many jobs will be cut. >> and it was just last month macy's announced it, too, was closing stores, including some in our area. many times companies say -- companies say on line shopping is hurting the brick and mortar stores. but that's not the only reason. nicole brewer explains who might be driving these changes. >> when you're in the market for a particular product, where do you go to make the purchase? >> i just shop on line. >> on line. >> more in store, but out lie nerve terms every my age group. >> talking about millennials, new generation every consumers changing the face every retailment experts say they're buyers without brands loyalty, and less interested in cruising their local department stores. >> more seasonal. >> two, three times a year. >> shopping habits that could contribute to the so-called death of the department store. where sales have fallen n

j.c. penneys it will close between 130, and 140 stores nationwide over the next few months, the stores impacted have not been identified just yet. and it is not clear how many jobs will be cut. >> in west chest they are, friends rallying around classmate to help her finish her senior year. last night ruston high school was transformed into a miniature golf course for fundraiser benefit madeline duffy. madeline was paralyzed in a car accident this past november. proceeds from the fundraiser will be used to help pay for her rehabilitation therapy. >>> on the cbs-3 health watch. the philadelphia convention center is full of tumbling, vaulting and balancing this weekend. the pink invitational is back in town. health reporter stephanie stahl was therefore the first day of competition. >> decked out in cute pink outfits, the gymnasts spread out across the convention center for the ninth annual pink invitational. sanctioned competition that's also raising money for breast cancer patients. >> the love th

>> thank you. >> eric stanford with tractor supply >> j.c. penneyport on you. >> so maybe we go around the room a little bit. i guess we can let the press go now; right? you suggest that? thank you, all, very much. stuart: i'm waiting to hear if the president answers any of the questions. they're always shouted at the end of these meetings, and he rarely answers. has not answered that one. reporters can't resist the opportunity to ask a question directly to trump. he can't answer. there's a female answer that says that's it and everybody leaves. look, what i got from that tape was that on the bottom of your screen, president trump said tax reform is one of the best ways to influence the economy. in other words, he wants tax cuts. ashley: yep. stuart: there's no mention there -- not in that tape, none that i heard about the border tax. liz: nothing. stuart: which probably came up in the meeting. it's just tax reform helps the economy. and look what happened to the stock market in that time. up 66 points. am i right? did i pick on the right sentence t

and home goods, this is the discount sector, so they really have taken sales away in macy's and j.c. penneynd sears, and their stores are doing well particularly the home goods line. they have about five, 600 across the country. sin they've been so successful, thinking new ways to branch out, different concept store, no details, but would sell home furnishing under new name. we do not know the new name. but they plan to open couple of these by the end of the year. >> maybe. >> maybe different markets? >> maybe because it is not like sometimes home goods can be chochki i can put on my tables and end tables, more like couches, chairs, or bigger objects? >> more furniture? >> the new ikea. >> that's a good point, yes, the new ikea. all right, tjx takes on eye key a i can see is that happening. my dad's in the furniture business so i can tell you home goods has killed business from so many. manufacturing overseas, now everything being sold cheaply. they don't make a fine furniture any more. >> thank you, lauren, we appreciate it. >> it is true though. >> we love our deals, i just went shopping

. >> marvin -- with j.c. penney. >> good report on you, good job. >> thank you. around the room. i guess we can let the press go, right? thank you all very much. >> that is the president flanked by retail ceo, a big -- from talking about this border tax plan, which they art will welcome. you heard the president talk about what he called a massive tax plan coming along really well. we'll see in the