j.c. penney's still thinks they have time when the clock is right now and there's no real plan for them he went on to tell box business that still best really needs an inspiring vision byrd's brand as more and more costumers are heading to the targets the wall marks and the amazons you know. we all saw this coming of thousand miles away certainly newman's not going about it for ages right but nobody else is it's like everybody in the streets talking about it like hades you know so all these major stores are closing up with no one is really coming in to fit those place i mean you know they say warehouse jobs are going to like make up for it i guess but there's a big difference between being someone who sells clothes for a living and going and likes put you know packing boxes where this is going to walmart come segues i thought wal-mart wants their workers to be more like amazon workers in a warehouse now so one of the things they're changing our member they were they had put out a big announcement last year during me. tax plan i mean republican tax plan and so they had said we're going to f

j.c. penney already announced three of the store closings last month. specific locations have not been announced. >>> san francisco-based gap and old navy are parting ways. old navy will become its own company. others will make up a new company which hasn't been named yet. old navy mate about $8 billion in revenue last year. roughly the same amount of gap's other brands combined. >>> let's look at what's going to happen sunday. you see at midnight there's some rain up across the northern sonoma county and then it spreads over the rest of our neighborhoods. it may miss the south bay in the east bay valleys early in morning. you can see scattered light showers. they taper into the evening hours. the rainfall from this storm going to be significantly less. let's roll it out there starting sun at midnight. all the way to 11:30. less than a tenth of an inch in neighborhoods. up to a quarter of an inch in the north bay. again, fingers crossed. it does not aggravate the situation there. alexis? >> we're off to a quiet start on the roads. taking a look at the s

j.c. penney surged more than 22% $1.52. >>> horiz s pharmad that it had positive test results for a drug designed to tereat thyroid disease. patients showed improvement compared to less than 10% with a placebo. if approved by the fdaru the will be one of the first on the market to treat the disease. horizon's ceo said the results are >>significant. his is a great day for patients with thyroid eye disease. if you look at this disease, it typically occurs where patients' eyes begin to bulge due to inflammation causing it difficult for them to close their eyelids, they get dry eyes. if you ask them, hey say closing their eyes is like rubbing sand paper over their eyelids. >> the news sent shares soaring, up nearly 33% to $29.01. >>> the drug maker bristol myers squib is coming under increasing opposion to i proposed $74 billion takeover of the biotech compan celgene. starboard value called the potential dealqu e, poorly conceived and ill advised, end quote. just a day after investment firm wellingto

despite working forty hours a week it's the america where major brick and mortar retailers like gap j.c. penney foot locker and victoria's secret all just announced the closing of four hundred sixty five stores nationwide in just twenty in just forty eight hours it's the america where department stores have lost eighteen times more workers than coal mining since two thousand and one. now my friend is the only real question is what happens next for all those poor souls who just lost their jobs in the millions more when the retail and service industry this come to saul we see watching the hawks. get the. real deal it's. good to see. what they like you know that i got. was that we. would. welcome them on the watch of the heart. and i'm. a retail mall of dreams and childhood it. slowly die that you know and then look i don't mind i understand you know the way society works you know technology automatically moves us beyond things we're talking about a recently tablets. you know you know the horse and carriage is when the way of the dinosaur the moment cars came in brick and mortar retail is probably

the basically one hundred showrooms are closing chico's women's clothing sixty to eighty stores j.c. penney nineteen stores plus nine home and furniture stores and then the big ones bart twenty five hundred from payless eight hundred from gymboree and charlotte rues five hundred those three are bankrupt in liquidation so that's what's going on basically in the industry and how does this compare i assume you know if we look at the last few years i assume that this is a lot more than we've seen in a recently. well two thousand and seventeen you had the record eighty one hundred thirty nine last year was down thirty percent and so far this year you mentioned fifty one sixty three but you have to look at the net to be fair and this is why no one's really panicking the net it's the stores that are open as opposed to the ones that close so the net with opens in two thousand and eighteen your last twenty four hundred fifty stores and so far this year with the stores that have announced openings you're down three five seven seven net loss so it's not the you know disaster there are stores opening a

it's the america where major brick and mortar retailers like gap j.c. penney footlocker and victoria's secret all just announced the closing of four hundred sixty five stores nationwide and just twenty in just forty eight hours it's the america where department stores have lost eighteen times more workers than coal mining since two thousand and one. now my friends the only real question is what happens next for all those poor souls who just lost their jobs and the millions more when the retail and service industry this country has spent the last sixty years living off of goes the way of the dinosaur and the video store. and it's questions like those that keep us always watching the whole x. . forty. three the. real with this week. as part of. what they like you know what i got. this. week. well tomorrow watching the harvest. and downtown while if so our retail mall dreams of childhood while if so our retail mall dreams of childhood. still leave. you i mean look i don't mind i understand you know the way society works you know technology automatically moves bey

j.c. penney had announced three of the store closings last month.locations have not been announced. >>> now your morning money report. victoria's secret planning to close more than 50 stores. >> it's not meeting expectations with year on year declines. victoria's secret not released a list of the closing stores. 30 locations closed last year. >>> a live look at the new york stock exchange. we're significantly up this morning. 214 point. >>> target is teaming up with preppie clothing maker vineyard vines. the retailer lifestyle collection will include clothing, swimwear, accessories, home and outdoor goods. even stuff for pets. most items will be priced under $35. then you can find it in store as well as online for one month starting may 18th. >>> do you know what vineyard vines is? >> i do. for example the whale, a pattern over and over with the whale. >> if i want that, i should go to target. >> target. >> and whales. >> amazon dash buttons are a thing of the past. the online retailer stopped selling these physical plastic buttons. they allowed you

despite working forty hours a week it's the america where major brick and mortar retailers like gap j.c. penney foot locker and victoria's secret all just announced the closing of four hundred sixty five stores nationwide and just twenty in just forty eight hours if.

j.c. penney's macy's but the thing as is that we're seeing shifting into consumer spending and these type of bargain like retailers and target in particular as it's moving into the e-commerce space their private label brands that they've been investing in that's a huge potential for continued growth over a long term time span and i love it yeah they're getting into some of their bringing in some of these big names and into target which is sort of a different from you know back and back in the day and supposedly going to make this e-commerce experience a lot more fun i want to squeeze it one more and that's one that i talked about in the teaser earlier that harley davidson the fabled motorcycle manufacturer first let's look since we're doing going back in time here and our machine with these companies today back to when they were first traded back in one thousand nine hundred six that's a pretty great stock chart save that two thousand and nine drop there you can see but check that out guys but it but if we look at last year and all the concerns that we told boom busters about what the tru

j.c. penney's, tells me not to buy these real estate trusts, even with high yields. don't get bought in. reading this classic manual of how to think about the web, retail, the net, everything we talk about, f.a.n.g., dick's sporting goods conference call says one thing, bite stocks of amazon, alphabet, adobe, nike. invest in robotics of amazon made by honeywell, and for dick's itself, i think you ought to stay away, right now too hard to be a brick and mortar retailer if you have too much commodity merchandise that can be bought more cheaply and conveniently via amazon. scott. >> caller: i watched you interview on february 14th, ceo of twilio and syngrid. i entered at 107 and today the all-time high of 2126. question is do you feel i still take profit off the table or still long on it >> i got a conference call thursday and kicking myself. but you got it right don't sell twilio. do not, it is not a trade, it's an investment. jim in new jersey. >> caller: hey how you doing today, big question you've been tolling -- energy, had -- >> loved cheniere since the show began. what do i think? st

not good at situations where he wades in and screws with these company look what happened with j.c. penneyet not good he should keep doing this. not file 13 ds pick great stocks. hit home runs. do your thing. i think it's great >> we should root for him too. it's silly to look at best first quarter ever look at the total return >> we get it everybody knows the negative story that's been out there for the last however many years. that doesn't take away from a fabulous performance to start the year in what is the best -- >> you can't -- it's not an s and a. >> everybody knows the negative story. >> i'm saying you can't realize the gains that were generated. >> i'm simply saying if you thought the guy -- he's not that far away from his high watermark from what i understand less than, i don't know, 5%, 6%. >> look at his total track record the guy is up 14%. the market super8% to me that's the better tell is he a good investor versus having one hot first quarter >> i've seen a slight style shift here he still hitting some home runs. >> he said it publicly that he had a shift. no more, you know

. >>> j.c. penney plans to shut down its department store in newark.ailer wrote an official notice to the employment development department earlier this month saying that 60 jobs would be eliminated. they announced they would close stores but didn't say the locations. >>> hulu and spotify announced a partnership offering a new bundle to new and existing spotify premium subscribers. new spotify users can gain access to tv and music services for three for 30 days and then you'll pay $9.99 per month. users who signed up last year for $12.99 will have it automatically lowered. the deal runs until june 10th. >>> here's a good reason to go on a walk with your dog this morning. >> a survey finds nearly 60% of cats and more than 55% of dogs are overweight or obese. the association for pet obesity surveyed more than 2,000 pet owners in 41 states. the results released yesterday found pet obesity rates plateau add last year. it's the single biggest threat to our pets' health. pet owners should work with their vet to create a weight loss plan and the vet should be

j.c. penney announced closings last month.pecific locationsav not been announced there either. >>> let's take a look at the roads here this morning. still looking pretty good on the san mateo bridge. this is westbound 92. folks leaving hayward, getting over to foster city. if you're continuing south on 880 past 92, we do still have residual delays near whipple road. that's one of the few slow spots this morning. mass transit, 40 b.a.r.t. trains in service. ace 1 delayed about 20 minutes due to mechanical issues. they're saying it shouldn't get longer from here though. ac transits, we have the service changes still in effect with the oakland teachers strike. let's check in with meteorologist mike nicco. >> thanks alexis. we'll start by looking at sunday. we'll start at midnight. you can see a little bit of light rain up across the extreme north bay. that's where it stays until the morning hours when it starts to move in to other parts of the bay. the south bay and east bay may have to wait until the afternoon hours to get their