jc penney moving higher. a lot of people have been short that one but it is up since its lows by about 50%. higher after its earnings release. we'll do bait whether it is worth your investment dollar from the lows up now more than 50%. that doesn't get you hold, not by long shot. amazon, quietly expanding its private label business. we're going to discuss whether this is good or bad for its bottom line and how will they compete in the private label wars? my partner sue on the floor of the new york stock exchange. >> hi, ty. thanks. the dow and s&p are hovering near their record levels. caught up on where the market stands. the dow jones industrial average up about 20 points on the trading session, the s&p up 2.30. the nasdaq is strongest in terms of the percentage side to the upside at 12. one hedge fund manager says now is the perfect time to short stocks. >> here you have a bubble that is largely driven without fundamentals in certain areas and this crazy by fur cated market where you have cheap and expensi

the retailer investor gets in. >> jc penney, has that finally hit rock bottom?ck soaring today, soared over the past month. a man that threatened to streak down naked to wall street is coming up next. >> jane wells will tell us why everyone needs to just stop whining about a coming wine crisis. jane? >> oh, it smells so good in here. what happens when you put napa together with duck dynasty? you get happy happy happy hour, that and the chinese wine puzzle when "street signs" returns. you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ >>> the dow down 51, gold down 30 bucks an ounce. meantime jc penney reporting a third quarter loss a bit more than analysts expected. revenues in line with estimates. more importantly what jc penney said about the fourth quart

we got late breaking news on jc penney. >> kel, how about this?ht 125,000 of his own shares jc penney shares at $8.95 for about a million dollar purchase price back on november 22nd. jc penney shares are right now about 2, 3% in the after-hour session. any time you see the pencer buying, you wonder whether or not it will be a buying seen. >> dan, is there literature on this? isn't it typically the case pencers aren't the best market timers? >> no listen. the biggest period for pencer buying was the peak in 2007. i think a lot of pencer boying is done on a pre-ordained basis so to speak. he is a new ceo. it's encouraging. full disclosure is a buy on the stock. >> i thought you were going to say better than jc penney this week. >> i would go. >> a new brand of sheets coming out with them next week. >> okay. >> you got to think synergy, you got to think bigger with one furnishing. >> as long as i can go and channel check, i'm perfectly fine. it's got to be encouraging, how bad the sector in the company, that's a positive. >> we were just talking earl

we want jc penney to succeed.ld have bet you sales and some sort of floor on margins, right? >> yes, you should have. >> losing money on everything i sell. >> the beauty of hindsight. you win enough bets already. you can afford to lose one. >> it's true. >> but we do want them to survive. >> we do. >> so do the buyers. >> a lot of people. >> bottom line, this is good news. thank you very much. >>> maybe while you were sleeping, one of the old tech dinosaurs has woken up in a big way. good old microsoft hitting 12-year highs this week. down a bit today. lately inching closer to the $40 mark. something it hasn't done since the clinton years in the white house. is this a buy signal longer term for microsoft or is it overdone on the upside with the bull case, ubs's present hill. with the bear case, hedge fund manager jeff matthews. brent, you know, the windows phone. i want to start off there. is a tiny fraction of the market. people think they failed in mobile. however, microsoft actually makes billions of dollars a

. >> jc penney? >> no.ut i believe it is quite the winner over the past month. >> biogenic. >> no. >> tiffany. >> yes, tiffany. you cheated because we already put up the board for the players at home. >> but i was watching on the radio. >> third-quarter profit rose 50% thanks to sales in asia and up by over 50% year to date. so not just a winner today, but quite the winner over the course of the year. >> silver is golden today. >> it really is. >> okay. let's get down to mary thompson at the nyse. mary, hope i didn't steal any of your thunder there by talking about the top gainer on the s&p. give us something else that is a bit of thunder for today? >> well, the retailers -- a couple retailers in the news, home builders are leaders as well today. as you mentioned we have records -- we're looking at records for the dow and the s&p 500 and, of course, the russell 2,000 as well. basically what you see is there is an upwards historic bias to this week and the next week so some traders say why get in the way of

jc penney will get a spot in the s&p mid cap 400 replacing aeropostal. >> just when jc penney was startingfe. >> it's a strong stock. >> second best performer in the s&p 500 month to date. it's up about 18.5% well off its highs, single digit stock. every time jc penney seems to be crawling up -- >> somebody kicks it. >> somebody whacks the mole head. >> that's a good sign jc penney dropping it. they end to add things gone up a ton, adding a ton of internet stocks in the late '90s and drops stuff. >> i like your contrarian thinking, barry. all right. your top stock is oil. it is down after the nuclear stockpile, it could have an impact across a few different industries. let's turn to our trading block from new york on the dollar is bk asset management director. we've got barry knapp here. first off, are we seeing any, boris, impact on the u.s. dollar? i can't tell because it's early and people are lazy. >> the biggest impact today, wasn't dollar yen, which was fresh multi-week highs. which is kind of interesting, basically the market took the positive news of the iran deal much more than th

. >> wal-mart, jc penney, big lots, kohls open on thanksgiving. >> jon: every store vinegar world open. dildo depot open, just ger bills, open. (bleep) a bear workshop? open. [cheers and applause] so if you are thinking i guess i have to shop all day but once the stores close i can go home and get a solid 15 minutes of thanksgiving in think again. >> k-mart opening from 41 hours straight. >> jon: do you have any idea what this sneens if someone tramples you for a furby thursday morning they don't find your body until friday night. all right, maybe thanksgiving has become a pregame for black friday but at least they cannot take away our turkey. >> butterball which produces 20% of all u.s. turkeys says there's a shortage of fresh turkeys 16 pounds or larger. >> jon: are you (bleep) kidding me. if my turkey is not at least 16 pounds why am i have -- i might as well eat a hummingbyrd stuffed with a single crouton and a crazein. >> they are limiting the supplies of fresh turkeys. >> they are not saying why the birds are actually smaller this year. >> jon: hello. perhaps we should go to the

the big discount retailer seemed to lost their way, target, walmart, jc penney. they do some soul searching. there's an astoundness the sense companies don't offer what the consumers need or want. it's as if the bargains and sales they're throwing aren't resonating in this nation. i fancy myself pretty good at retail. i have to tell you i wouldn't know what to do if i were running one of these companies. i don't know how to get them back on track. they've become hostage to the growth of a domestic economy. it isn't growing that much right now. i have to tell you i can't think of a reason to buy them. because i can't imagine a reason for their sales to turn other than if the economy gets strong. and then there's a host of other companies that are better to buy. you want tough stuff, you consider i mean this is really -- consider the cut throat world of organic and natural goods groceries. man, we had a serious blowup last night from the fresh market. a company that had real momentum. and not that long ago looked like it was going to be a serious and legitimate cha

so it does sort of look much more like the old jc penney., they've got the center aisles with the displays, big sale signage. all that stuff -- >> and changed the merchandise. >> they have, again, which is a really hard thing to do. >> we should talk about the stuff that's happening right now. >> sure. >> target and dollar tree out with concerning comments, as well. is this the beginning of the end for the holiday shopping season when you're talking about the low-end of the market? >> it's really, really hard. and we sort of laid out the naughty and nice factors a couple of days ago. and it's sort of hard to tell how this is going to shake out. weird combination of head winds and tail winds. but the low-end consumer is struggling. jobs and job stability is very top of mind. the reduction is going to be huge. that's going to hit walmart, the dollar stores. target maybe but not as much as probably walmart or dollar stores. i think there's a lot of concern. >> cash would help, eventually. >> it hasn't. >> but just recently got down to what? >>

jc penney breaking out. macy oos breaking out. today we heard from gap. it's been a bifurcated situation. >> macy's actually was one of the first, macy's and walmart were the first two stocks to actually warn about inventories. to warn about lack of demand. then you saw those stocks pop. from october 9th on. that's when the s&p bottomed. they're both running into resistance right now. i should say macy's specifically running into resistance right now. i'll be taking profits on retail stocks. >> are you seeing that? are you seeing deep pocketed investors, you know, give thumbs down? >> it depends on which stock. you see names that were riskier stocks like a jc penney where people are just placing bets, waiting to see if the market is going to move. i've been long decker's, deck. that name has popped dramatically in the last couple months. you want to be really picky about these names. going into christmas everyone thinks retail runs. i think it might be running out of gas. >> we were talking about a weak situation, right? you don't have the fundamentals th

. >> you think the pop in jc penney is because the chairman bought some shares? >> i do.d off a little bit. a lot of chatter about this tomorrow and on friday as we have half a day of trading. i am a fader of jc penney. i hope mr. alman is right for all the people that work there. i am not long the stock. i'm short it through puts. >> murph. >> hormle. >> they beat on eps and revenues and the makers of spam. doc spoke about unusual activity in the food shipper cisco earlier. hormle looks like it was a great quarter. lot of people out there are eating spam. >> josh, container store. >> brand new ipo. credit sbis the most bullish, 45 dlrg target. they're saying 63 stores could be 300 and customers love the brand so they're bullish. i think it's expensive. >> stocks having a big day. final trades up next and tell you who you think won our big e debate on shares of hewlett-packard when we come back. ♪ ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ [ male announcer ] the beautifully practical and practically beautifu

weiss you're pairing back your short bet on jc penney a bit, right? >> i've just about had it.e smallest tag in. shorting has been the most difficult part of the market for every hedge fund man. they've given up so much performance, pushed out for long only funds. i have to wonder such a crescendo if now is not the time to start shorting again. >> if you want to do a compare on that trade, that's a pair on the hedge funds. a lot of the industrials and pair that off with the shorts. consumer confidence has gotten hurt. >> what about cliffs? >> i think on the material side it's interesting to see those short bets closed out. it coincideses without performance in the names on a short-term basis for the first time in like three years. if you look at iron ore, record month in september, most important ever in china, last month 43% jump from australia to china. ore stocks are hot again. >> give me ten seconds on cliffs? >> i own walter. walter is a much smaller position. i think the time is right. emerging markets has preyed on those stocks. >> final trades after the break as well as

an example--ron johnson -- he only lasted 17 months as the ceo of jc penney after being lured from apple with a 52.7 million dollar signing bonus. one of the biggest signing bonuses this year was handed out by zynga, which paid $45- million to lure its latest ceo. wal-mart is responding to criticism over what it claims is a good deed. one of its stores in canton, ohio is collecting food from sales associates to give to other sales workers. the incident shines a bright light on wal- mart wages -- generally between 15 and 20-thousand dollars per year.wal-mart says the program was "taken out of context" and that the drives are localized and part of the associates in critical need trust. home depot is raising the roof. the housing recovery has the chain raising its outlook for the third time this year. its stock is trading higher after it reported earnings results that beat the street. the holiday season is forcing best buy to step up its game. it says it faces a lot of competition this holiday due to christmas promotions from rivals. still, best buy reported profits that topped expectations

jc penney is falling back into favor with investors-- on big talk from the management. jcp is still attempting to recover from a loss of customers. but in the latest earnings report.. the ceo is pointing to a turnaround sales trend at its stores and on its website. although penney lost more money than wall street predicted. jcp shares bounced 8% on signs of hope. the ceo also revealved supplier fraud, paperwork errors and theft cost the company $34 billion in 2011. a flurry of retail results hit the market today. yesterday... help from the housing sector helped boost lowes and deere & company. in its earnings forecast, deere says sales of construction equipment have picked up, and it anticipates better-than- expected fourth quarter earnings. at lowes, revenue beat what wall street expected, as same store sales rose 6%. however earnings fell short by a penny. the stock fell 6% yesterday. overall retail sales from the month of october caught traders by surprise... sales climbed .4% last month-- while market watchers were expecting sales to be flat. despite the government

toys-are-us, jc penney, kohl's will also be open. >>> what is apple 77 to.y may be designing curve screens. the phone would feature a larger display. now, samsung is already ahead of the curb, no pun intended. the company released the gal lax signed documents round with a 5.7 inch curved display last month. >>> working out during pregnancy is not only healthy for moms to be. how it could give your baby's brain a head start. ,, i want you to know stuff i want you to be kind. i want you to be smart. super smart. i want one thing in a doctor. i want you to be handsome. i want you to be awesome. i don't want you to look at the chart before you say hi...david. i want you to return my emails. i want you to keep me doing this for another sixty years. at kaiser permanente, we want you to choose the doctor that's right for you. find your perfect match at kp.org and thrive. fit pregnant women could be giving their baby a big boon life. teri okita explains >>> in today's health watch, physically fit pregnant women could be giving their baby a big boost in life. >> we e

retailers macys, jc penney and toy's r us are also upping the game by opening stores later on thanksiving. kmart is the only retailer pulling an all nighter. some of it is publicity. kmart needs to create attention because it is less and less relevant every day. at the end of last year, kmart's same store sales were off nearly four-percent from the previous year. tuesday's elections are touted as giving momentum to the national campaign to raise the miniumum wage to $15 per hour. voters in new jersey voted overwhelmingly to raise that state's minimum wage to $8.25. in washington state, a measure upping the rate in the seattle tacoma area to $15 per hour is expected to pass --although votes are still being counted. new jersey joins new york, connecticut and california --in wage hikes.. the election results follow months of protests on the hot topic. despite glitches on the web, delay of the affordable care act is not an option. thats according to health and human services secretary kathleen sebelius. sebelius was back on capitol hill yesterday to hear what lawmakers on the senate finance c

ackman is famous for his unsuccessful shakeup at jc penney. and has been waging a public debate with fellow activist investor carl icahn over the viability of herbalife. ackman labels the nutrition supplment company a pyramid scheme, which the company denies. traders are well aware of the importance of staying ahead of the curve -- scott bauer of trading advantage joins us with ideas on buying and selling retail stock ahead of black firday. good morning scott. > > good morning angie. > > we have an unusual situation here. we have thanksgiving and hanukkah happening at the same time. how will that affect trading? > > you know this is the first time ever and it's not going to happen again and i do think we are going to lose retail sales in that first week or so after thanksgiving when all the black friday sales come out unless some of these retailers-- which i think may happen-- may actually-- a week ahead of thanksgiving -- come out with some early bird specials let's say because that's a significant part of the market of people shopping for ha

macy's, sears, jc penney, kohl's and toys r us will open on turkey day. >>> german authorities recovered paintings confiscated by the nazis valued at more than $1 billion. it was found in an elderly man's munich apartment. >>> we could soon travel like the jetson's. a hybrid vehicle can drive on normal roads or transform into a two-seater airplane. >>> you can now indulge in chocolate covered potato chips. lay's hopes to get the attention of millennial women with this new snack. >>> coming up, as technology soars, we say good-bye to some old favorites. on the week twitter went public, america says bye-bye to blockbuster dvds. is what makes . we take the time to get to know you and your unique health needs. then we help create a personalized healthcare experience that works for you. and you. and you. with 50 years of know-how, and a dedicated network of doctors, health coaches, and wellness experts, we're a partner you can rely on -- today, and tomorrow. we're going beyond insurance to become your partner in health. humana. to become your partner in health. explaining my moderate to sever

so jc penney's did a study ae year ago, and they found out the majority thought 60%. >> i win.osing money at -- thanks for watching. >> president obama, just can't catch a break right now. he gave a major immigration speech yesterday in san francisco. it didn't go well. he ended up people -- the heckler just kept yelling and going on with the criticism, and it seemed to get more and more specific. take a look. >> kaft teara at my workplace doesn't have any dessert options. banana pudding every day for the last two weeks. please fix that. >> okay. >> and no morbanana pudding. no morbanana pudding in my cafeteria. no morbanana pudding. >> dessert isn't the only problem facing the president's health care plan. now it has another date in court wlsh here's the question for you. how did the nsa trying to turn -- by revealing their on-line porn habits. i'll give it straight to you in five minutes. >>> pretty much all of us know this yoga pose, but literally using your dog at yoga. that's right. it's a pre-thanksgiving edition of "way too early." >> dog lovers and their best friend. go

and we all know that jc penney's is a standard american time. the place where they shot. the.been mismanaged for years and demonstrates why good management is essential. many of them get away the way that this goes. >> they got out of touch with the mainstream customers. i think that people know that you are not wearing a designer label and they just want to look classy and on the right price and jcpenney got away from that. the one you are about to hear their favorite songs of liz maonald. >> twitter is trading below its ipo price. >> who should be the person of the year for time magazine. >> getting the people's feedback. we will ask people to weigh in on us. >> i am watching gold prices. because even as the dow jones is having an all-new high, a lot of those stocks yesterday hit new lows and tomorrow i will try to look for any stability in the price of gold that i can. you're likely to see these stocks go further. >> holy mackerel. jonathan makes a good point and also the deal with iran. whether it is needed. neil: so for the moment come, the market seems to be buying this

another interesting one, jc penney.'s ceo and watching it's stock plunge 50% this year it surprised them in october with a small increase in sales. as for the economy, existing home sales, that is the biggest report out for the week. as bier's rushed in. interest rates rose. prices are rising, so that could mean another drop in existing home sales. that is what is coming up this week on waug street. >> ted turner set out to change the world. you will get a preview next. >>> yeah, like some people are like are you serena? i'm like really do i look like her? (knochello? hey, i notice your car is not in the driveway. yeah. it's in the shop. it's going to cost me an arm and a leg. that's hilarious. sorry. you shoulda taken it to midas. get some of that midas touch. they tell you what stuff needs fixing, and what stuff can wait. next time i'm going to midas. high-five! arg! i did not see that coming. trust the midas touch. for brakes, tires, oil, everything. (whistling) >>> ted turner changed the way we all get our news. he

look at jc penney for example, when they stopped discounting, they took a hit. >> you would think they we would be angrier about it, but we look to look at a sticker and say oh, it's 50% off. >> so how can you score a real deal on black friday? >> there are a couple things you can do. first, we should know the black friday deals not as good as they look. if you get an app like amazon price check, you can look and see what you're shopping for is on amazon and see if it's a good deal. download store apps, a lot of times they give you discounts earlier than the public. >> a very short shopping time period this year. what if you wait later in the season? >> are you likely to get better deals? >> it is possible particularly if you're looking at higher end merchandise. they won't necessarily do big mark downs for black friday, but they might say it really isn't flying off of the shelves like we planned and you might see more discounts on luxury goods. >> yeah, we all know that usually the stores have a pretty long return window around the holidays. >> sarah murray from the wall street journa

ten years from now will there be a jc penney, a target.on't fit. >> i suspect they will struggle. there has to be somebody that is appealing to what might be described as the middle -- the middle market, the lower market. >> but you and i both know the middle is the place where you go to die. >> the question is, if you look at jc penney which was left for dead just a year ago, they are i don't want to say coming back but they are doing it and trying. every newspaper you have has a circular. they brought their prices down. best buy, a company if we talked a year ago i would tell you it's a browsing library for amazon. they have come back. i think there is some opportunity there, but i don't think the big name -- you said sears. will sears be here in ten years, that's a challenge. but you have to talk about what happens online. >> andrew, a week ago harry reid invoked the nuclear option in the senate and all the focus was on president obama's judicial appointments. by invoke the nuclear option he has the distinct possibility of appointing se

there is jc penney, staples, walmart started two hours earlier than last year.rs can vote with their wall wallets. if not enough people come out to shop, it's less likely they will do it next year. >> plenty of people out there shopping and working on this night. >>> this holiday is always emotional for u.s. troops overseas and the families they left behind. there is still plenty to be thankful for. here is richard angle from afghanistan. >> there is still about 35,000 troops here in afghanistan, and just to feed them, about 70,000 pounds of turkey being served here today, 20,000 pies. these troops obviously miss their families, they would like to be with them today. as you hear their spirits are high. >> on fire based torcom, by the border with pac stan, thanksgiving starts with a turkey trot. >> it has to be at 5:30 in the morning. >> 3.2 miles up a mountain. they call it the climb to color ri. hard enough, even harder carrying 80 pounds or mortar. >> thanks a lot. >> it's a day to reflect and boost moral for chaos company. >> back home our families may be hav

jc penney, lowes and walgreens are all offering discounts. print a coupon and show military i.d. at most places. we have the detail on our website at abc7news.com under "see it on tv." >> mike? >> from our camera looking to the bay bridge, beautiful lights hanging around because of the cloud cover and the temperatures will be within three degrees and a lot of mid-50's to upper 60. to the coast, upper 50's to 60. today, it will be transition from low clouds this morning to high clouds this afternoon and ahead of the cold front that be wash out bringing you the best chance of light rain. temperatures are coolest tomorrow at 60 at the coast and mid-to-upper 60's for the rest of us. wednesday and thursday high clouds and sun and temperatures a touch before average from low-to-mid 60's at the coast to low-to-mid 70's for the rest of us. it is holiday light. >> not holiday light with two sig-alerts. first i will take you to is in san francisco involving up to seven vehicles with bumper-to-bumper traffic along southbound 101. nine miles per hour is the top speed with three lanes taken a

jc penney tweeting, kmart, we noticed you could use some pants. here's a 15% off coupon. >>> do you hate taking selfies? a new gadget is the perfect gift. #is included in the product's name. it uses a remote shutter to take your picture. >>> are you looking to add a twinkle to your eye? surgically implanted jewelry for your eyeball. it's been performed in europe and in los ak less. a new york woman recently implanted a $3,000 platinum heart in her eye. now we don't make this stuff up. >>> coming up, news about who is signing up for obama care and not good news. that's next. >>> healthcare or our >>> to succeed and not crash, our health care and our economy needs the young and the healthy to enroll and they have to pay up. but is it getting the old and the sick? sacramento bee reporter christopher is here with us. how is california doing with this enrollment? >> california released its numbers today, and what it shows is a large oversampling of individuals 45 or over. those folks make up about 55% of the pool so far. and that's looking at the null

what a difference a year could make for jc penney.o go here today. back to you guys. >> thank you for that. i'm sure we'll see you throughout the day. also, we have a good start to black friday for retailer walmart. the retailer said it processed more than 10 million registered transactions yesterday from 6:00 to 10:00 p.m. just a couple of hours. the retailers saying that big screen tvs, ipad minis were among the top sellers on thanksgiving. and joining us now, the man in charge of deciding which electronics and toys. the executive vice president of general merchandise at walmart u.s. are you in austin? where are you? >> i'm great, andrew, how are you today? >> are you in austin, texas, is that where you are? >> i'm in a store this morning. >> oh, for some reason i thought you were in texas this morning or san antonio. but good to see you. >> yeah, no, i'm in bentonville, the store, 100 right across from the home office. >> so here's the big question. steve was doing the math before. you said how many sales in a minute? >> remember,

data identified stores where the happiest retail workers and toys 'r us leading the pay followed by jc penney and best buy all having in common that they praised their managers. plus, some employees say they like working with the general public. that is business. >> san francisco mayor lee will not have were time to enjoy thanksgiving holiday at home, we have scheduled him for a trip to india. the mayor will go with 54 senior business leaders including industries of construction, engineers and technology. he will speak about topics such as recycling and waste management and world ecology. >> the sharks franchise is worth 82 percent more this year than last. "forbes" magazine has upped their value to $405 million. in 2012 it was $223 million. but the top business executives says the sharks are not for sale. >> we have a smaller ipad but a bigger one could be next with orders for that tablet with 12.9" screen. the current screen is 9" and it could appear to the education market and easier to read. watch for it next year. >> if you are looking if a technical gift and are not sure where to start,

we had macy's come to us first, then sears and jc penneys followed suit. the victoria secrets, michael kors, the national ten nans to say we have to open our doors earlier. >> what happened, at 8:00el. what did you see? >> the car park was full, 25% full but what was more shocking was the line that has formed outs of sears. when they opened their doors at 8:00 they let in 500 people in a matter of minutes. one of the big draws was the flat screen television. lines outside of penneys, and the traffic for the specialty shops opening. >> you were tell meg it was in the just the big ticket items that were drawing people in. they were coming in for things that you might class as articles and items for themselves like shoes, for example. >> absolutely. all three of the shoe departments were filled in those anchor stores. macy's had to have 150 people in their shoe department alone. consumers are shopping for themselves. the things they would have bought back in july that they didn't have the dollars for. >> what effect did last night's opening at 8:00 have on th

>> a lot of stores are actually oping on black friday, there's a bunch of them, walmart, macy's, jc penney on thanksgiving as well. >> thanksgiving night. >> yeah. >> all right. >> here's a question, does a successful woman damage the ego of her husband or her boyfriend or partner because he feels -- >> if she's more successful than he is? >> can a guy be happy about a woman's success? what do you think? >> it depends on the guy. >> yep. >> you know, i think frank is whatever success i have had, however you measure it, i think he had so much success of his own, you know, that he's always been, you know, happy and proud, you know, just -- he's grateful. i'm the first wife he ever had that had her own credit card. know what i'm saying? that was funny, actually, people. not sad. that's funny, okay. when i have to point out the difference between you guys, all right. >> sad. >> sad and funny. >> i think it is one of those things that sometimes men don't even realize they are resenting something when it's happening. >> that's what they say. the experts, whoever they are, the university of flori

toys-are-us, jc penney, koll's macies will all be open the night ofation. >>> coming up, why the day is so special. >>> tomorrow will be special in the weather office because we got rain on the radar. some of it is heading to the b. find out who gets it and who doesn't. >>> i am dennis o'donnell. what is it they say? no pain? no gain? uconn puts the pain to stanford. >>> and, let's say an nfl coach said this to you. >> well i'm going to flame you the starter. >> was the ball bouncing your way this weekend? it will with this sports cast, coming up. ,,,,,,,,,,,,,,,,,,,,,, but it's more popular than u think... because tomorrow is 11 >>> tuesday is not the most conventional day to get married, but it's more popular than you think because tomorrow is 11, 12, 13. >> slash on chenb caught up with one bay area couple who says it is her luck i can day. >> mike font proposed to his wife during a tahoe trip january 11th, 12th, and 13th. he wanted the wedding day to match november 12th, 2013 or 11/12/13. >> it is definitely something we can stick with our kids and our kid's kids. >> it was no ob

toys 'r' us, macy's, jc penney, best buy, kohls and sears opening on this, and the pt richardes advertisingis staying clotheses on thanksgiving, because it says it's a day for family. and one thing that is also staying quiet this holiday season for now, no union protests about the extra holiday work like we saw last year. >> thank you very much. should retailers open on thanks in melissa says, yet, it's great for business and she loves to shop. keith says no, because it ruins a holiday and he has a heart up like melissa. mel lisa, you're all for this. >> they make 20 to 40% of their revenue -- can you imagine 40% in the period between thanksgiving and new year. they got to make it happen -- >> what does this do for that dow? don't they just go ahead and rob future sales and -- >> it's all about p.r. we're talking about it right now. so a free commercial. talking about target, toys 'r' us. how long does it take you to eat your turkey, you eat, put everybody in the car, go shopping. i say glad bless them. >> you're right, depends on whether you like your family. keith, you just find this whol

target, kohl's, macy's, jc penney among those opening thursday and staying open until late black friday night. walmart will feature on-line deals and stagger deals throughout the night into friday and offer 2 1 items at the one hour guarantee. certainly not everyone loves the idea of thanksgiving shopping hours but many do. turkey day hours have moved from an experiment to an annual tradition because shoppers show up. thanksgiving day shoppers do tend to be younger. the national retail federation says the average age of shoppers increases as the weekend progresses. so retailers will target different age groups with those progressive door busters to shows most likely to shop at the various times throughout the weekend. most think thanksgiving hours shift the timing of the sales rather than add to the total but competition for those shopper dollars has never been tighter so retailers will do whatever it takes, whenever it takes it, to win those sales. sue? >> thank you very much, courtney. no housing, and earnings from one of the biggest home builders and new data on mortgages. diana olic

we hear from retailers including home depot, target, gap and jc penney. could provide a window into what to expect this holiday season. that's what experts say could derail the market this week, but there are still a lot of long-term head winds including europe. while the situation in europe is improving, still dealing with deflation, tep is growth and fiscal worries in greece. last reason is one we speak about a lot, sue, valuations. as the market rips through new highs stocks continue to get more expensive. the momentum names that have been powering this rally, netflix, best buy, tesla up 200% year to date and according to hsbc valuations in most markets are slightly above their ten-year averages an analysts say that's why we cannot rely on a rise in multiples to drive this market higher. sue? >> seema, thank you very much. joining me to talk more about this right here on the floor is jj burns, president of jj burns and company. so we are at those nice round numbers, psychologically that may be important, but what do you do as a money manager? do you st

old navy division benefiting from displacement in the moderate tier department store channel from jc penneyd navy brand, starting to see that moderate as well. >> all right. betty, make the case, your note to clients this morning said any pullback in gap shares you would take as an opportunity to add to the stock. why do you think it has further upside to go after a 30% run. >> absolutely, sue. when we look at the company, not only are they absolutely on target in terms of offering fashion in each of the brands the company is well positioned in terms of leveraging some of their innovative marketing messages, whether it's a million dollar giveaway at old navy or the gap cash. we believe all of these will be successful traffic drivers during the holiday season and then looking longer term, this is a very unique company with international brand a peel across the core brands and domestically they've been smart in terms of nurturing emerging brands from piperlime or intermix and you're looking at a company that has top line opportunity and margin expansion after they started to drive that margin

first solar, transocean, jc penney, the gap, and u.s. steel. with all due respect to those companies, fine people, right? is this the last gasp from a big year? joining us from wells capital management jim paulson steve from fed deteriorated investorsp when you go through names like that low quality rally if that's the last gaps before a downturn, what do you think? >> well, i certainly see, you know, there's some warning indications even as bob pointed out. people are not exactly giddy with optimism but they're no longer as pessimistic as they were, complain sensy, values are way up that where the interest rates are also rising. i guess i kind of think that the thing driving this market a lot higher, i believe money velocity for the first time in this recovery, brian, is starting to turn up and the initial signs of that is the economy starts feeling better and i think that's what the stock market's picking up. i'm not so sure that's done. we may go higher into 2014 and maybe when we find out velocity has turned up and that creates a lot of fea

tomorrow, jc penney, thursday abercrombie & fitch and friday the gap, all with earnings this week allee have very interesting stories. sue? >> indeed they do, ty. one week ago that christie's held the $691 million art aukship. remember this? it's the francis bacon triptych of lucy and freud which sold for $142 million. we'll tell you who the suspected buyer is next. "power lunch" returns in two minutes. the ocean gets warmer. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. ♪ ♪ no two people have the same financial goals. pnc works with you to understand yours and help plan for your retirement. visit a branch or call now for your personal retirement review. >>> welcome back to "power lunch." i'm kate kelly standing outside jpmorgan in midtown manhattan with developing news on their expected settlement with the justice department. we've gotten

let's start off with jc penney. is moving higher after the embattled retail r reported its first monthly same store sales gains in nearly two years. that's a huge move for jc penny to the upside. men's warehouse on the rise as well. david faber reporting that eminence capital took a 9.8% stake in the company and urged it to solicit bids to sell itself. also urged them to talk to joseph a. bank who earlier in the week said it would raise its bid if it could see men's warehouses books which was rejected by men's warehouse. then there's geron soaring to a four-year high on heavy trading. also amc networks fell after the cable tv's third quarter profits misread forecasts. it spent more on programming to replace marquee shows such as, of course, "breaking bad." qualcomm lower. posting weaker than expected fourth quarter earnings and warned that current quarter sales would be below forecast. those qcom shares taking it on the chin. back over to you. >>> heading toward the close, 30 minutes left. i just heard from art cashi

kmart, toys r us, american eagles, sears, jc penney, target, kohl's planning to open early on thanksgiving. who's not? costco, bj's wholesale, nordstrom, sacks, lord and taylor, they will be closed all day thanksgiving. and now back to seema moody for a market flash. >> hey, tyler. take a look at amazon shares hitting a record high. the company announcing an exclusive content licensing agreement with the independent film studio a 24 in an attempt to extend the archive of television show and films currently available on its streaming video site. amazon prime instant video. see shares up about 1.2 pr on the day. >> thank you very much. one of the top luxury names out with earnings, tiffany's sparkling in the third quarter due to rising sales in china. earnings at 73 cents a share, well above the 58 cents that wall street expected. revenue comfortably topping estimates, rising almost 7% from a year ago. that is organic growth. high-end jeweler raising its full year forecast. the stock up, look at that, nearly 9% at $88.25. up more than 50% so far this year. almost 54 pr. men's warehouse makin

. >> macy's, jc penney, walmart. >> i'm doing a the lo of on-line, my habit, guilts that offers the designer brands. got to love mayy's, lord and taylor, nordstrom, knneiman ma s marcus. >> the buying on in apparel but you like among others jw nordstrom. >> you bet. we like nordstrom. they're the only retailer in the nation that can take you on line and off line, full line luxury shopping as well as down to the discount treasure hunt shopping. they have four different divisions and they service four different types of customers. we say focus on the guy who knows how to gain that market share for this holiday and into next year. nordstrom is our winner. >> chris, is there a sleeper in this category of retail this year? and a sleeper stock? >> i think it's dick's sporting goods. neeley mentioned how cold it's going to be, coldest black friday weekend in 25 years. the fifth coldest winter overall in 22 years. people want their north face, they want their under armor fleece, nike fleece and going to dick's. >> you got a sleeper? >> i would agree, the foot ware category first of all is the most e

the leaders in the last month on the s&p 500, you got names like with all due respect first solar, jc penneyock. good companies but not what you think of as market leaders. so is the rally getting a little bit you know maybe weak because of these names being leaders. start talking numbers joined by andy bush and zach karabell. andy to you, i'm not bashing pity beaus or zero, but who's going to lead us to the promised land it's not necessarily a copier or stamp company. >> no. you would not think so. people are throughout the marketplace and really throughout the country where i travel, everybody's talking about is this a bubble, have we hit the peak and, you know, it's really hard to call a bubble but what i would say as far as for solar is concerned, this is a good example, the thing has been momentum driven. take a look at the chart, this thing is just like crazy up and crazy down. and when something like this stalls out, that's when i like to get involved with the stock. if you take a look at this thing, just had a high of 66. it's trading down below its 10 day moving average at 62, down

three big winners today, hewlett-packard, very good report from h pshg, jc penney, on the upside by 6.3sion up by 4%. hope everybody out there has a wonderful thanksgiving from my home to your home. >> and you as well, sue. happy thanksgiving to you and your. everybody, thank you very much. we're very thankful you choose to watch "power lunch." >> absolutely. >> that will do it for today. sue? >> "street signs" begins right now. >>> it is 2:00 p.m. on wall street. we have two market insiders here to give us six reasons to be thankful for this record-breaking market. now if you are heading to the airport, there is a way to park for free, but there's a catch and it's a big one. you have to rent your car to a total stranger. is that a crazy idea or is it a smart business idea? plus, we have the three top black friday deals you cannot afford to miss and the retail stocks that you plight want to add to your shoppin

jc penney at session highs.reporting its first monthly same-store sales gains in nearly two years, this on the back of deep discounts and a decision to resume selling popular brands like st. john's bay which former ceo ron johnson, sue, got rid of. back over to you. >> indeed, he did. thank you so much. >>> today's yahoo! finance question of the day. where do you think twitter's stock price will be one year from now? 26% say well above the ipo price. 51%, though, say below the ipo price. and 22% say it will be relatively unchanged. we will see. ty, you have a six-month bet going. >> i do indeed. not looking so good today, but we'll see in six months' time. >>> this right here is the original twitter home page. it was launched in 2006. today that idea, of course, has turned into billions of dollars. hundreds of millions of users. let's take a look at the stock. up big from $26 a share at the open to something in the mid-40s right now. 46.04, that's a $20 profit right off the bat. that means new billionaires, and

the big winners, jc penney up almost 5%, best buy up almost 4%, and transocean up sharply as well, upn washington, d.c. what's the mood like down there, ty? >> you know, i think it's -- i think it's cautiously optimistic. you and i have been coming to events like this for a long time and you can see the ebb and flow of the markets, 2008, 2009, attendance was down, palpable fear. today if there's fear it's fear that people may be a little bit too complacent, that they have once again grown too accustomed to a market that only goes up. the other thing you notice, sue, is how these kinds of events have changed. sure, there's the food, some of it pretty good, some not so good, the tote bags, but there are charging stations and social media. that will do it from the schwab impact conference for this edition of "power lunch." >> "street signs" begins right now. see you later, it ty. >>> somebody forget to tell the markets they're due for a drop. the dow continues to climb and two very smart investors here with their playbook as we already start thinking about what to do next year. your othe