you were the guy who said, yes, j.c. penneythe place to go when it was $7 a share. >> i'm going to defend j.c. penney. [laughter] >> i'm going to defend j.c. penney. sears made some mistakes. they're abandoning things like appliances. j.c. penney is trying to do a lot of trying to pick up a lot of what sears is leaving behind. they're stopping the bleeding. the ceo, he's got a vision and i think they've got debt under control and i think they can stabilize, i wouldn't bet my life savings on it, but i think they can stabilize it. stuart: and what do you say to viewers who did bet their life savings on your recommendation to buy j.c. penney at 7? and facebook, new all time high, 160.14. it's up had a little bit. 159.95. that's facebook for you. as we said earlier, a lot going on with amazon. scott shellady, first of all, we've got subsidies from the postal service for every box delivered and second, talks about anti-trust moves against amazon, and thirdly, we hear that the-- what you say into that echo may be bought by third part

what supplanting a lot of these brick and mortar stores whether or not it's you know wal-mart or j.c. penney or sears or something the. the e-commerce is really the saving day for the restaurants and the autos so e-commerce is up thirteen percent last year and it will be well up above thirteen percent this year but i do think that looking at e-commerce and figuring out the formulaic way to look at retail sales is something that they should be doing all right trade comes into retail sales how real looking with that with trade that's a fact often not so great two thousand and fifteen two thousand and sixteen over five hundred billion with a b. dollar trade deficit that so far today if it continues would be seven point five percent higher so the trade deficit could even surge this year now but you know maybe with all these fantastical trade agreements maybe we'll have some that will change things in the future it's certainly not going to impact the trade deficit this year the thing that could make the trade deficit even worse would be whether or not there's some sort of trade war some retaliati

instead of j.c. penney, j.c. brandy. i try to keep at least 40 bags of chips. like to keep a lot of sweets because a lot of the girls come in detoxing, that is the main thing they ask me for. >> brandy, i'll give you your stuff back. >> okay. >> look at her. she's rich in here. this is the store lady. >> when it comes to her store, lane works on a policy she describes as two for one. >> two for one is if somebody comes and says do you have a noodle until shop day. yeah. here you go but that means they have to pay me two back. >> one bag of chips and one hot chocolate. thank you. nice doing business with you. >> you too. >> i'll be back sooner or later. >> so i don't have. my family takes care of me. but i get a rush out of it. >> lane is currently two years through a sentence at the prison. she was brought back to testify in an unrelated case. she said prison taught her the hustle. and how to keep her clients honest. >> if if someone doesn't pay when time i double it. and if they outright don't want to pay me, i don't know it. kind of gets ugly. i could give so

instead of j.c. penney, j.c. brandy. i try to keep at least 40 bags of chips. like to keep a lot of sweets because a lot of the girls come in detoxing, that is the main thing they ask me for. >> brandy, i'll give you your stuff back. >> okay. >> look at her. she's rich in here. this is the store lady. >> when it comes to her store, lane works on a policy she describes as two for one. >> two for one is if somebody comes and says do you have a noodle until shop day. yeah. here you go but that means they have to pay me two back. >> one bag of chips and one hot chocolate. thank you. nice doing business with you. >> you too. >> i'll be back sooner or later. >> so i don't have. my family takes care of me. but i get a rush out of it. >> lane is currently two years through a sentence at the prison. she was brought back to testify in an unrelated case. she said prison taught her the hustle. and how to keep her clients honest. >> if if someone doesn't pay when time i double it. and if they outright don't want to pay me, i don't know it. kind of gets ugly. i could give so

number of stores if you're serious or macy's or j.c. penney obviously these are these are positions that are going away that don't have to be come back that won't come back but what if you're a company saying you know what i've got margin pressures my costs have gone up my fixed costs have gone up i've got to figure out where i can cut things because the demand i see looking forward is not there that means the economy's slowing down if you start just to begin cutting payrolls in order to cut costs that is saying something about people who hire and fire people not seeing the demand going forward for their product or service then you know we used to watch jobless claims very closely to gauge how the economy was doing but they've been steady for so long you arguing we've gone the other way really what's your case for paying closer attention to this economic indicator again my case is the fact that we've seen a we've seen a shift in the behavior of companies we've seen a shift in the reasoning behind the layoffs and we've seen a broadening out bey

i question whether you want to buy j.c. penney here.ople will say it is time to start looking at the left for dead retailers now that this incredible extravaganza -- >> wal-mart is certainly far from being left for dead. let me say that. it is up this morning. do you buy that, as well >> yes. >> you do? >> yes. >> wal-mart is fine. there is nothing wrong with wal-mart. i think they will have a good quarter. i think that all of this price competition in food wal-mart is still a leader. i think betting against wal-mart when they just begun the process is a mistake. i wouldn't bet against wal-mart and wouldn't bet against netflix. netflix being powered by the michael pacter. >> he has been so wrong for so long. >> he has been wrong since 2014. when the stock was lower. now he has been very wrong. >> a man of his convictions for a long time. >> using wrong analysis, discounted cash flow. he is not a house of cards fan. citing three series cancelled. that's not how you judge this stock. the stock is not judged like that for heavens sake. >>

. >>> it's the end of the road for three j.c. penney stores in our area. they will shut down for good at closing time tonight. the three are among 138 stores closing as part of company down sizing. the three closures in our area impact about 5,000 jobs. >>> now to a heavenly work of art. >> on hand for today's blessing and dedication of pennsylvania's first homeless jesus statue. it will be housed at the st. john's hospice. the statue is a daily reminder about the connection to serving the homeless. >> he told us whenever we see someone in need we see him so the statue reminds us of the connection between the poor and the presence of god. >> the statue was commissioned and is one of more than 50 in cities around the world. >>> taking a live look down broad street from our campus camera. sun is out peeking through the building. it is gorgeous out there. >> temperatures in the high 80s. not too humid. we understand that will change a little bit. >> going to take a couple of days and happen gradually. it's going to start getting hotter. we are not talking abo

you have great news out of j.c. penney. great.t least for sears, and yet the at 30,000 feet picture is not a good one. does amazon hurt or help these companies? >> well, if we can jump to brick and mortar and look into the crystal ball just a couple hours ago, senate majority leader mcconnell extended the session by two weeks, so we're now going to petition to see if we can get christmas extended by two weeks, and then brick and mortar will be just fine. look, amazon is a competitor. it's a different type of retailer, and i'm not sure i agree with a billion dollar number. look, they did 525 million last year, and they were 24 hours. this year 30 hours. if you do the math, my guess is more like 750 million, but that's still a good shot. but in a day, it's good. remember, cyber monday was $3.5 billion. 11/11 millions day about $17.8 billion. so 525 million to 750 million, it's a gooday for retailers. liz: you represent about 1,000 retailers. i just need to hear. because we had a good story, 43% of the sales that would go through ama

. >> ps you can buy cow suit at wal*mart, j.c. penneyhe cost of a meal. >> yeah. okay. tom hanks will soon be adding some new hardware to his election national archives foundation has announced that hangs will receive its 2017 records of achievement award. applause, applause foundation says the honor will recognize hangs career supporting history through both acting and film making. hangs will receive the award at the october. >> good for him. >> beautiful. >> great award. ♪ >> i want to go. >> i bet you're going to have to go. >> it will be awesome. >> i would go to that. >> if you get two extra invites good deal. >> one hun he had doctor% deal. >> ps i might know somebody at the national archives foundation. >> did you do a an mazing job on the fourth. >> i did see all the photographs on twitter. >> it was fun. big crowd there. >> well done. >> you like that. >> allison i'll be hitting you um. >> okay. >> i'll be looking at wall pictures from home. >> it will be awesome. war of the planet of the apes is opening up friday. woody harrels

the forecast comes days after rival j.c. penney expecting second-quarter sales to significantly improve from the first quarter, pointing to improving demand for bricks-and-mortar retailers. retailers have been struggling to revitalize their business as more shoppers switch from traditional stores to online shopping for bigger discounts and the convenience. how much gas is left in harley- davidson's investment tank? vikram (robin) no major hot spots. golden gate bridge drive time less than 30 min from 37 to the toll plaza. bay bridge wb 80 is less then 30 min from the maze to sf. ( darya ) a 12-year-old is credited for saving the life of a toddler who was drowning in a pool.( mark ) dana chicklas has the story. --reporter pkg-as follows-- applauding their teammateús bravery, 12-year-old brayden armstrong went from wrestler to hero in a split second. brayden armstrong / pulled toddler from pool: 'iúm glad that heús okay.'a fluke paired with immediate action:brayden was staying here at the mt. pleasant days inn and suites for a nearby

and j.c. penney announces its finance chief is leaving that rather troubled company.tock's at 4. what's going on? nicole: the stock is up, and they're not celebrating the departure of management not doing a good job. this cfo, chief financial officer stepping down to pursue other interests and will stay on to advise until august 7th, did a great job until he came on in 2014. he reduced debt. and boosted the credit. and upgraded by analysts. that's the good news. this may be the pop, the ceo expect to report significantly improved sales results for this quarter. so, things are looking improved and a lot of it because this turnaround guy. stuart: well, the a stock a the 4. 4.50. nicole: it's down like most of the retailers. a little better today with a bright, positive comment. stuart: we'll take that, nicole. i want to go to amazon. i want to bring in linda mcmahon, thank you for being with us. >> thank you, stuart, great to be with you this morning. stuart: open-ended question, is amazon bad for small business? >> i don't think so. i think that amazon has provided an