is it enough to change the trends for j.c. penneynd broader stores. >> downgraded the stock, but dana, here's what's confusing about j.c. penney and other retailers, sales haven't been that bad their sales are actually up from the same quarter last year which is amazing although it did lose nine cents a share why the dichotomy and why this massive stock hit? >> i think overall the fact that the hurdle is so high as courtney just mentioned to make the guidance for the year coupled with fact that gross margin is weaker than expected and you have big sales that need to get flat up 4% in order to meet the guidance. we've had companies talk about the fact that sales are better but now the back half of the year requires an acceleration. the loss of confidence in these names and their ability to generate a pick jup in the back half of the year is leading to the pressure on the stocks. >> i did this with a couple of members of the show team how much did j.c. penney sales fall no, they rose year over year but losing money are they buying stuf

j.c. penneyounds out the department store result posting a loss double the loss that analysts forecast. the retailer said it was a result of liquidation sales at 127 stores and shrinkage which is theft, damage and other kinds of loss. both of those higher than anticipated and pressuring grows margin the departments store reaffirms its earnings guidance despite the loss to hit that it has to make up earnings in the second half of the year investors don't really believe that j.c. penney can do it revenues came in stronger than expected that was in line with consensus forecast j.c. penney improved in all categories traffic did improve too bust still weak down from last year clearly these are secular issues that are not going away for the department store which leads many to wonder whether the best strategy is enough for these players. look at this week's performance. macy's, dillard's, j.c. penney, kohl's, nordstrom. it's just a tough place to facebook you're a department store. >> i know. they were

disney and coca-cola will be reporting their second quarter, along with a slew of retailers like j.c. penneyis reporting, this week, coming up next week on "wall street week," join my, a key player behind tax reform on capitol hill, house ways and means committee chairman will be my gift. hope you join me on "sunday morning futures," 10:00 a.m. with orrin ♪ >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bold plans that are changing how americans live, and take you behind the gates of properties you have to see to believe. at the end of the show,

disney and coca-cola will be reporting their second quarter, along with a slew of retailers like j.c. penneyk, coming up next week on "wall street week," join my, a key player behind tax reform on capitol hill, house ways and means committee chairman will be my gift. hope you join me on "sunday morning futures," 10:00 a.m. with orrin >> lou: good evening, everybody. president trump focusing on those who voted for & economic and terrorism and legislation. and the president addressed all of those issues with rational reform of our immigration system. the two senators want it based on merit and skills instead of family connections. >> it great to be here and

ladies, happy friday retail results are on investors minds today, investors watching earnings from j.c. penney today. department store has been struggling with declining sales, yesterday macy's beat expectations as new ceo and now strategist, seem to be making a dent. kohl's department store also did better than expected this quarter, however, down week on wall street. yesterday, the dow jones lost 204 points, the nasdaq fell by 135. >>> the company that owns apple bee's and i hop says it is closing to up 160 restaurants. struggling restaurant companies trying to cut costs. its shares have lost almost half their value this year. dine equity also named new ceo choice hotels tell. >>> amazon might be looking to disrupt another big industry, says amazon want it partner with us venue owner to sell venturino ticket, could lose ticket masters powerful full grip. it could help lure customers amazon prime. sweet deal today courtesy of uber and mcdonald's, free mcdonald's ice cream cones in major cities, open your uber app, request free ice cream, if in your area, a ice cream truck will roll by, and de

disney and coca-cola will be reporting their second quarter, along with a slew of retailers like j.c. penneys week, coming up next week on "wall street week," join my, a key player behind tax reform on capitol hill, house ways and means committee chairman will be my gift. hope you join me on "sunday morning futures," 10:00 a.m. with orrin >> i'm bob massi. for 32 years, i've been practicing law and living in las vegas. i help people with all sorts of real-estate problems, from trying to save their homes to closing major deals. eight years ago, 6,000 people a month moved here, looking for employment and affordable homes. little did anyone know that we would become ground zero for the american real-estate crisis. now, it's a different story. the american dream is back. we're gonna meet real people who faced the same problems as millions across america, and we'll dive deep into a city on the rebound because las vegas was a microcosm of america, and now vegas is back. [ woman vocalizing ]

number of stores and 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 to yell we used to watch jobless claims very closely to gauge how the economy was doing but they've been steady for so long you argue it's 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 beyond your

. >> well, i know at one time the head of j.c. penneyre at the that meeting and the national retail federation was arguing against the border tax and i think when the president and his advisers looked at what the devastation that would have done to pricing in retail stores, from unemployment that would have emanated from that, stores would have cut back the number of sales associates and support people on the floor, i think people did and i think that was an example of just my point. you had a seat at the table. but it comes at a point in time when you may have a seat at the table, one of those committees i read in the paper this morning met twice in the last eight months and only 50% of the participants were there at any given time so you know once you can't move on policy and the values are so alien to what you stand for, what your company stands for, for the most part, you're always going to have people that are going to be naysayers, that's obvious. i respect that but then you say you move on and i think that's what these people did.

j.c. penney reporting a loss of $62 million this quarter. that's worse than wall street expected.epartment store has struggled to turn a profit amid a challenging retail landscape. of course, including online shopping. >> the company that owns apple visa says it's closing up to 160 restaurants. the company is trying to cut costs. casual restaurants have lost out to health conscious restaurants. >>> righters is reporting amazon wants to partner with u.s. venue owners to sell event tickets. the move could loosen ticketmaster's grip on the business. access to tickets could help lure customers, of course to amazon prime. >> big goals for amazon. hena, it's only august but some stores already stocking up on halloween candy. are you kidding me? >> reporter: it's a little early for me, too. i mean, can we reach labor day? the newest addition, brach's cookie flavored candy corn. it shows a variety of cookies like chocolate chip, oatmeal and sugar. you can decide for yourself if that's what they actually taste like. >> yeah. the original candy corn when i got that for halloween, i would al

. >> exactly >>> j.c. penney is getting crushed on earnings, record low, lowest level, jim, in 45 years, wider tan expected loss, gross margins missed you have been making the case this is a stock to own. >> listen, i'm very disappointed in this result obviously, i have been on this show multiple times saying i believe in this company. clearly, i've gotten it wrong, now, i'm looking forward from here that's all can you do. you wake up in the morning, the results come in. the stock price is where it is this stock for the immediate term is not going to go anywhere there's two things that have to happen in the next month or two. there has to be a strong back-to-school selling season. >> they said they're off to a strong start. >> okay. that's good. >> the other thing that has to happen i look at this earnings report i see some good things, i'm not going to senselessly cheerlead here i see free cash flow is up debt levels are down a lot of things are positive the wall street community isn't buying it. they have a new

this week we're going to hear from some big retail names including macy's kohl's and j.c. penney.ppers go online. macy's reporteded a 7.5% drop in sales. shares have tumbled more than 30 years this year, but it's not just retail having trouble. snapchat will deliver its quarterly report card to wall street on thursday. the numbers have not been pretty lately. the company has seen much of the market value disappear since it went public in march. last quarter it lost 2.2 billion. thursday could be a moment of truth for the struggling photo sharing app, though. we'll keep an eye on it. alison kosik, cnn, new york. ♪ ♪ >>> you are live in the cnn "newsroom." so glad you could be with us. i'm ana cabrera in new york. congress is taking the month off, but not every office is dark, and that's the group the president insists is on a witch hunt. according to the ranking member of the house intelligence committee, developments over the past few days seem to show that the investigators led by former fbi chief robert mueller has something solid enough to move on. >> instead, if these allegati

flashing bright red, j.c. penney, the stock sitting on the mega clearance rack plunging to all-time low on a bigger-than-expected loss down 18%. this is a $3.82 cent stock, and nordstrom, this is weird. nordstrom's lower, down a quarter of a percent, it posted beat on top and bottom line, we're watching all of the big retailer right now. >>> to president trump, he is not backing down at all on stance with north korea. in fact, he's standing taller. he says that the u.s.' military plan is now locked and loaded but there is a new report that the u.s. and north korea have been actually in quiet talks through diplomatic backchannels. this as i guess on the surface tensions appear to continue to rise. the ap is reporting two diplomats, u.s.' joseph yun and pack songil. he was the student from ohio held for many, many months, he negotiated the release, they handed him back basically dead, but it appears the talk have done little to ease the growing tensions. who knows, though? back channel? we are awaiting the president. c

upside call buying you started the segment in retail i'll go back to it j.c. penneythe puts, somebody feels there's nor downside. >> that does it for us "power" starts now. >> welcome to "power lunch." nine out of ten doctors recommend power lunch for your daily fix. here's what's on the menu, folks, three ceos quit president trump's manufacturing council and another key executive has dropped out. is this the beginning of an exodus, what will it mean for getting mr. trump's cheeconomic agenda off the ground? the chip sector up 20%, stocks could be ripe for a take over. sat rooms,ness

upside call buying you started the segment in retail i'll go back to it j.c. penney, 50,000 of the puts, somebody feels there's nor downside. >> that does it for us "power" starts now. >> welcome to "power lunch." nine out of ten doctors recommend power lunch for your daily fix. here's what's on the menu, folks, three ceos quit president trump's manufacturing council and another key executive has dropped out. is this the beginning of an exodus, what will it mean for getting mr. trump's cheeconomic agenda off the ground? the chip sector up 20%, stocks could be ripe for a take over. sat rooms,ne fitness classes and vegan nail treatments, taking the retail experience, and we do mean experience to a whole new level. we'll take you for a tour. >> pass the avocado juice, everybody, because "power lunch" starts now ♪ ♪ >> i'm brian sullivan, none of the major indexes are moving that much. the dow tufrned negative but the dow would be higher if it wasn't for home depot, shaving 45 points off the dow this despite an earnings beat and raise the outlook. investors looking for a

people are just asking what are they going to do to innovate there's innovation j.c. penneyng pplianc appliances target is doing this enormous modeling of the stores so they're making attempts but we don't have a sense that they're turning things around to get growth investors want more than a bottom at this point it's not enough to say same store sales are down they want growth that's what nobody can answer now. how do you get growth with sales going online, particularly in the 4th quarter and the margins lower because of the price competition. you can't? that's what the problem is and that's why you have the xrt and everybody else sitting at 52 week lows. finally yesterday traders glued to the tr set when they were announcing business committees were being disband and the feeling is its still very much alive. congress is the main trooidrive tax reform and not the white house and everybody wants to see what's the news on passing the debt ceiling, raising the debt ceiling and the budget resolution and once those get done that will greatly increase the likelihood of tax refor