j.c. penneytock down nearly 7%, nordstrom down nearly, what, 5 1/2% and it was down big time yesterday. joining us now with the resource group, this is the man on the screen now, coined the expression retail ice age. and these sales numbers from the department stores, the bricks and mortar people are bad and i think getting worse. i think this is a retail ice age in deep freeze, what do you say? >> retail ice age, deep freeze and many more casualties filing for bankruptcy, rick -- reta retail. stuart: give us names you think are going out, bankruptcy or liquidation. >> we associate the names in trouble with stock prices trading below $2 a share, that would include bon-ton group, sears holdings, bonds of neiman marcus and and j. crew and rue 21 is gone and bebe stores are going. bond prices below $65, and stocks below $2 a share, look out below, there's still power to prosper and areas to make some money. stuart: do you like j.c. penney, don't you? >> i like the preferreds, you're right and the kt

the macy's, the j.c. penney, they all underestimated this country. look at amazon today. a little book seller that is cleaning up across the world. speaks to the fact that there's a brighter future ahead for those smarter, thinking outside the box. that's what we have here. >> charles, saying at this time other way. you think the success of amazon heralded the emergence of the dot-com boom and the internet boom that just exploded and the markets with it. so it can tip the other way. how do you know as a savvy investor when to follow what is a wave and distinguish the wave players? >> neil: you know, again, in the letter of 20 years ago, jeff beezos asks his employees to watch cash throw. they're monitoring mark share, innovative, doing things that are very intriguing. you also like a small the degree of doubt out there, conventional wisdom. maybe it can be a tesla, a netflix. these are two big names that everybody says will fail and they keep winning. >> neil: shelby, when you look at this, what could we be miss something the consensus says the market was off to the races

i'm not going after j.c. penney.the way, i want to pat my friend dan nathan, he made a good call. >> no way! >> but the xrt clearly failed at the 43 level. the question is when does the xrt find bottom? you have to go do january 2016 when retail got destroyed. >> i won't go. >> i think dan nathan -- did not dan call the xrt the worst chart ever? >> he told me to go chart myself. >> quick, retail trade, i'm surprised it has not bounced urban outfitters, which was a lousy quarter. you look at valuation, their inventories are back in line. hence this 19-and-a-half $20 level for trade. >> ross is interesting. >> that got beat up after t.j. maxx. they were hoping they would misguide as well. wal-mart, like i got to tell you, it scares me. i listen to the call the way their numbers. >> it scares you? 69%. they don't put numbers out there e-commerce compared to exxon, it's 10x that. it will take them a lot more than anybody is on ali baba. >> i this i the stock went up. it's a little, people are comfortable with the way the

so on j.c. penney, i got into this after the ron johnson foray.ot in because i saw improvement in the cash flows and projected that was going to continue and it has. just today, they're retiring $300 million of debt early. they retired another 200 million earlier this year. that's 500 million of debt retired in the first five months of this year. that meaningfully reduces their debt. their cash flows quarter keep picking up. free cash flow and ebitda. so what saying, first off, i know why i'm in it. it's for the cash flows which i see increasing. the debt has been bought back and let's use numbers on this. debt that retires in the fourth quarter of 2019 p for j.c. penney trades at 3.4%. an unnamed come ppetitor, but w know who it is, has similar debt retire ng the fourth quarter of 2019. trades at 18%. there in lies the difference of where cash flows are improving. and where they're improving deb situation which remains a central part of your thesis doesn't seem to be resonating enough with investors to raise the stock price. >> that is true. >> s

j.c. penney's. the nasdaq down 13 to 6116. >>> full-time jobs may in and out be easier to get, data shows the number of parttime workers who would prefer fulltime positions fell to the lowest level in nine years. experts say that's because of a shrinking pool making it harder for companies to find job candidates. instead many firms are turning parttime jobs into fulltime positions to atrablgt more applicants. >>> jpmorgan chase says it's back online after an outage last night. customers could log into the website or mobile app, but they were not ability to transfer money or pay bills. it also showed not available where account balances should be. they apologized saying sorry for the stress and thanks for your patience. is a -- sam and chris, back to you. >> "no funds available" will freak you out. >> a flashback to college days -- oh, no,s i'm a grownup now. i do have a little bit of money. >>> actress melissa mccarthy says she feels pretty. ♪ such a pretty face ♪ such a pretty smile ♪ such a pretty

retail atf thanks in part to a deluge of disappointing earnings like macy's, dick's nordstrom's, j.c. penneyalling double digits. wal-mart is up 5%. could these names like these be bargain basement buys? >> i think they could. you mention wal-mart. their performance up 14% of the year is double that of the s&p 500. it's obviously pretty impressive, especially relative to the xrt down 7%, though, target, to me, i think there is a couple seismic shifts going on in retail. i think it's important to remember that last year in 2016. they had 5.5 trillion in retail sales. you say it's a wrecking ball. there are other things going on there, too. amazon had probably less than $100 billion in u.s. retail sales. amazon up so much, obviously, wal-mart's participating. target could be one of these names. i think a lot of other stocks, department stores, retailers, they're down an awful lot. it's a tough trade. i think there is probably good fundamental ideas out there. >> the biggest distinction between the targets and the wal-marts of the world versus some of the department stores you are talking about

that really pulled down the entire sector and we have more grim news from nordstrom and j.c. penneyoday. shares continue to slide. malls are not seeing people coming through and more people get used to online shopping. it's a big problem for not only malls but brick and mortar. consumer prices rose higher than april up by 2.2% over the past year. higher gas prices the big reason for that. it's also a range that the fed would raise rates again at its june meeting. stock market is lower. down about 40 points. nasdaq down 3. stock lost 20% yesterday and has 1% back in the early going today. >>> we know the court case for uber will be public. a federal judge denied the company's request to move the case into private arbitration. the judge also referred the case to the u.s. attorney. he called for a criminal investigation into trade secrets. uber's competition "waymo" filed the lawsuit claiming uber used some of their information to build their self-driving car systems. >>> prices down at the pump but it may be hard to notice the downward trend in the bay area. drivers in san francisco p

but from the doesn't that stink file, when the store so sears, macy's, j.c. penneyack, payless shoes are a few retailers shuttering some stores this year. if you don't know what company is behind the warranty you bought and you need it, you might say doesn't it that stink? keep a paper trail of warranties so you know who to call if the store closes. the prices are negotiator. if it's a store that might not be in business in a year look elsewhere for coverage so you don't waste your money. john matarese, abc7 news. larry: lights flashing, sirens blaring and the a.m. rush put on home by an ambulance chase. the wild ride from start to finish. close call. >> mayday, mayday, mayday. collapse. possible firefighters trapped. larry: students lose almost everything in a devastating fire and why one is saying thank you to the university. that's a wrap! regulars queue up on k street for one last meal from a lunchtime pioneer. announcer: "abc7 news at alison: we start right now on storm watch. warnings start to pop up in the area today. this is 95 just south of fredericksburg.

kohl's, j.c. penney, retail companies employ one in ten americans and that industry shed tens of thousands of workers in recent months. so that has been a part of the jobs mark that been very important to watch here. >> all right. stephen colbert taking on president trump after the president took aim at the "late night" host. >> oh, no. oh, no. oh please don't make me trend on twitter again. >> colbert-trump trolling when "early start" continues. this mother's day create a gift from the heart that could only come from the pandora boutique at jared. a world of pandora... including exclusive pieces designed just for jared. ready to be mixed, matched and stacked with help from jared's own pandora expert. the one gift that speaks volumes, you'll both treasure forever. that's why he went to jared. listen up, heart disease.) you too, unnecessary er visits. and hey, unmanaged depression, don't get too comfortable. we're talking to you, cost inefficiencies and data without insights. and fragmented care- stop get

if i want to take a fly around on the company, i will take a fly around on j.c. penneyus with the action. >> reporter: hi there wal-mart is implying about a 2.9% move. that's larger than the 2.7% average. three times the volume trading today. most of the opening acisttist was occuring in the 73 puts that expires this friday. they were paying 75 cents more than 100 happened, those are bets that i could fall, maybe that stocks did fall today on target strength. >> that would be a decline of 3% by the end of the week. >> check out friday at 5:30 eastern time. coming up next the final trades. stay tuned. i'm here at the td ameritrade trader offices. steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. see options data like never before. with thinkorswim only at td

we have macy's and nordstrom's and j.c. penney and a couple others. i think that for some of them, we're still going to see some head winds there. there is some unique head winds to macy's, because, for example, tourism is down in new york. that's still happening. there are mid shifting and are they going to monetize real estate, maybe not as much as they hoped, however, bart is pretty low. i know it's up a little bit. down 60%, up a little. still makes it down a lot. so i think if you don't come into a disaster, it will probably be fine. i don't own macy's, i do own coor's, that report is a little later in the month. there is strong head winds there. the stock i think reflects a lot of head winds and the kate coach merger is good for them. >> we have this conversation about retail, why shouldn't we be actually saying, yeah, of course they're up 5% in the last month. you basically have taken the border adjustment tax out of the way. this is the shortest sector in the market, sentiment going into earnings season is lower than going into the fourth quar

j.c. penney stores have touched a record low. $4.17. cyber security stocks, a lot of them gaining today after a worldwide cyber attack continues and the numbers are staggering. 150 countries, 200,000 people, and tracy is with us, with more. tracy, it's mind-boggling. this seems like it's just one of the most massive attacks i've heard of it. >> it really is and it looks like it will continue to grow. now, you saw on that map. france, usa, brazil, spain, turkey, the list of countries just keeps growing. now, as many people are headed towards today. even more people could be affected. there could be another wave of cyber attacks. and this time maybe not even a kill switch to stop it and the ransomware appears to exploit the vulnerability within microsoft windows reportedly reported by the nsa and there vulnerability stolen from the nsa has affected customers around the world repeatedly in the hands of governments, leaked into the public domain and caused widespread damage. >> it's $300 to $600 in bit coins. charles: and some kid living wi

j.c. penney is hoping hotel stores will turn things around.tality. courtney reagan, the interesting thing about this, i don't know, i don't know where to start. on the one hand, it seems like a no-brainer. >> right. >> on the other hand, if they're selling things at wholesale, then why do they need to be involved at all? >> we don't know for sure they're tell e selling it totally at wholesale. what j.c. menny says what they can tell the hotel for already buying in bulk or really large volumes, home textiles, sheets, for instance, on j.c. penny.com. once they started to figure that out, they realize this is a statement of a business that is coming to them already. let's make it more official. by the way, let them know we can give them mattresses, appliances, if there is a short term hotel stay, for example. you need microwaves will. it is actually an interesting idea. certainly a departure from serving consumers directly. because this is more business to business to be sure. >> right. >> i know, i love it in the sense that i don't know if you g

in a half hour you'll see j.c. penney stock take another big tumble. this is dramatic. the retail landscape, the shopping malls are emptying, fewer foot traffic, fewer anchor stores and ghost malls are popping up all over. like it o