courtney reagan on jc penney.'s chief economist jan hatzius will join us, his take on the jobs number and a lot more. "squawk on the street" in a minute. online u.s. equity trades... ♪ ...you realize the smartest investing idea, isn't just what you invest in, but who you invest with. ♪ hey!nicole. i just wanted to think your support team for walking me through my first options trade. well, we're all about educating people on options strategies. i won't let this accomplishment go to my head. get help on options trading with thinkorswim, only at td ameritrade. >>> good morning everyone. i'm sue herera and here is your cnbc news update at this hour. russian president vladimir putin hosting turkish president erdogan in moscow for talks on syria. putin hailing the close interaction between the two nations' military forces in that war torn country. south korean police say two people died in protests against a court's decision to remove that country's president from office. thousands of residents and president's supporte

jc penney announce just this week they're closing 138 stores nationwide. most of those will be closing in june and that will ultimately affect more than 6,000 employees. what's interesting is that while president trump and vp pence have been strong on these jobs, a lot of these stores are closing in counties that voted for trump, the overwhelming majority. let's take a look at texas, this is the state with the most closures of jc penney's. there are 92 total locations in the state and they are going to be nine closures and that's what the dots are referencing over here and seven of those nine closures are in counties that went for trump. next up, the next highest closures are in the state of minnesota. there are 25 jc penneys there now and out of the eight that will be closing again, that's what these red dots are, seven of those even in this blue state, seven of those were in counties that went for trump otherig chain that's closing down is kmart and sears. that is owned by sears holding to both of them, 150 stores will be affected and again, a lot of the

jc penney is closing its doors at hilltop mall. it's a loss for richmond but an opportunity for the city and members of the community, what they want to see put in its place. >>> plus, the house that could be yours for a dollar. there is a catch. >>> the creatures that weave through the streets of dublin today. hey, ready for the big meeting? yeah. >>uh, hello!? a meeting? it's a big one. too bad. we are double booked: diarrhea and abdominal pain. why don't you start without me? oh. yeah. if you're living with frequent, unpredictable diarrhea and abdominal pain, you may have irritable bowel syndrome with diarrhea, or ibs-d. a condition that can be really frustrating. talk to your doctor about viberzi, a different way to treat ibs-d. viberzi is a prescription medication you take every day that helps proactively manage both diarrhea and abdominal pain at the same time. so you stay ahead of your symptoms. viberzi can cause new or worsening abdominal pain. do not take viberzi if you have or may have had: pancreas or severe liver proble

jc penney says the liquidation process will begin as early as april 17th. the company says the store closures are part of it's turn around plan. >>> st. patrick's day is technically over but the party will go through the weekend. >> pennsylvania is one of top states to celebrate the holiday. straight head, nicole brewer with three things you might not know about st. patrick's day and it's rich history in philadelphia. >>> maybe you'll throw back a green beer or eat a green colorado cookie this weekend. like some experts say they pose a danger to your health >> it's a new era for monopoly. wait till you see the new playering pieces. >>> more snow expected to fall. here's a live look at downtown bethlehem. lauren casey is tracking when it arrives and what the start of spring has in store. right back. jape. joanne . >>> people across the region marked st. patrick's day. eyewitness was at the to annual ceremony at the irish on penns landing, mayor kenney gathered to celebrate and commemorate those who left ireland during time of hardship. step dancing and playi

and jc penney obviously. walmart -- one-third of walmart is import. two-thirds is here.ow, they also include food. but remember, walmart may not -- walmart may be able to eat the margin a little bit better. notice how well walmart holds up? this is because the border tax would be a boom for the companies that have the best balance sheet and have the most bargaining power, which is walmart. actually, i think it's the shock of how much walmart is doing better than target and kohl's and jc penney. >> yeah. >> has to do with the balance sheet. and one-third is imported. that's what they do a huge amount -- they've done well to try to keep american companies in business. >> yes. >> people should realize walmart is not the same as the other guys. >> good to watch especially on a day like today. we're going to get cramer's mad dash, we'll count down to the opening bell. take a look at how the markets respond after tuesday's selloff. back in just a minute. 'american'. r first nn at at&t, we employ more than 200,000 people with good-paying jobs. connecting consumers and budiness

jc penney's and sears are the newest to fail an malls have to reinvent themselves. >>> clouds have marched the past few hours and tracking rain. updating the current radar and talk about that timing and the heaviest rain for tomorrow and into the weekend. breaking it down coming up. >>> foot traffic at malls fade as anchor stores shut down and sears is the latest. how can they keep people shopping there, it's about change. >> sears is on thin ice. sales fell 44% in the last five years and in an attempt to save itself, 150 stores are closing. >> you can depend on them having good prices and their styles are always right, and it was where we shopped for the family all of the time. and i heard about them closing, it was crushing. >> in a note to the sec, they wrote our historical operating results indicate that substantial doubt continues. not a glowing report. inside inventories are down an foot traffic is sparse. and they lost $2 billion last year. >> we worked for montgomery wards. i feel for them. >> last week, j.c. penney announced they're closing many stores and sears, two big anchor st

abercrombie & fitch joins several other chains including macy's and jc penney's that are each shutting 100 or more locations. >>> fast forward is a san francisco based incubator. it works to bring tech companies together with nonprofits and bring technology and money to communities around the world that are in need. hat club is one of the nonprofits tech companies are working with. the organization works to help high school kids have access to coding lessons. >> really awesome afterschool coding clubs. they are meeting every week for an hour and a half after school and come together, typically 20 students or so and build apps, websites and games. >> coding clubs in second and third grade now. that man there is the business and tech reporter, scott budman who moderated the event. he loves events like these to get in there. >> sometimes i wish i could go back to school and learn these things. >> i was thinking an app. if i could only design an app. i would be all over the weather portion of that. >> you could. >> could, yes. >> you just hire an engineer. think of the idea, hire the engin

. >> we are hearing from jc penney list the store that's will close. 138 on the list. four in california, including the one in richmond at the hill top mall. good sign for the economy. another ipo ringing the opening bell this morning. it is a hot one. milsa based in san francisco priced above the range of expectation. it has not started trading yet. it is a business software company based in san francisco. it looks like it will do quite well today. a report on consumer sentiment shows people feel pretty good about the economy in general right now. that is helping stocks this morning. here is a live look at the dow jones. up almost 13 points. 20,947. and taking a look -- i'm checking the nasdaq and s&p 500, they're up a little bit as well today. a new report shows the bay area and california for that matter are among the hottest real estate markets in the country. according to realtor.com the san francisco oakland hayward market is number one because of the scarcity of homes for sale compared to the high demand. the vallejo fairfield market actually came in second, fol

including yesterday's cnbc interview with marvin ellison from jc penney. could hurt everyone who shop there. dollar and a half general? two dollar general? i think this is playing with fire. in case president trump is watching, which you never know. let me say i'm thrilled we have such a strong hiring. a. but the fastest way to reverse that trend would be to put through this border tax and watch retailer after retailer either close stores or go out of business while at the same time raising prices to strap consumers. yes it is that bad. i'm going to have more on retailers later in the show. back to the game plan. >>> on friday tiffany reports and this stock has been on fire. because of pressure from jan and --. i've always felt tiffany was undermanaged and the stock is now reflected all the the changes that can be made here. plus expensive jewelry, that is one of the few things shoppers are reluctant to buy off the internet which makes tiffany the rare retailer relatively immune to online competition. that said i don't expect a strong quote here. so like a

it's actually different and not only is it different for amazon, it's different for macy's, target, jc penney, walmart, go down the list. if you're a retailer, traditional, your best case scenario is mid single digit growth comps. amazon said all right, if that's what they're aiming for to keep costs low an not invest too much, we're going to aim for something different and it worked. this isn't one of the million thing. it's not going to be repeated. >> i think the investor base when you look at amazon, what other stock does it sound like in terms of okay, you got a high valuation and a really creative guy who's running the whole show. it sounds like tesla. where you've got an investor base that will continue to hold on to this stock until they won't. >> so, we mentioned alphabet google at the beginning of the conversation. they are overweight within 1,065. >> i'm in that one. price target. >> overweight? >> both. both. >> and that's the one that has -- >> felt like he was -- >> that's the one that has the most real. >> it's a mike drop moment. >> has the most reason bable valuation. trading

macy's is showing us, and to a lesser extent, jc penney's is showing us the mall is dead. anthro. free people. urban outfitters. these are not mall-based. give it a whirl. >> rick, a ten basis point increase for the ten-year today. do you see that as a response to the speech last night or to all of the hawkish comments from the fed members that this some people convinced that we're going to get a rate increase in two weeks? >> i think we are going to get a rate increase in two weeks. and i am sure that mixed into some of these moves there is fed issues. but i also think there are equity issues. but let's frame this simply for everybody. we are up, nice, smartly in the equities. we're unchanged for the jeer ye tens. the dollar is lower. the euro is still higher on the year. all this happening, of course, as u.s. policy -- and my hat is off to the federal reserve. we see a lot of things out there that you're supposed to pay attention to, like what's going on with consumer confidence and a number of other variables. the fed is noticing those animal spirits, and i think that's a wonde

. >>> opening statements taking place in the trial of former jc penney state president graham spanierfacing charges of child endangerment and conspiracy linked to jerry sandusky. he is denying any wrongdoing on his part. >>> the van gogh museum in amsterdam unveiling two paintings by the dutch master 14 years after they were ripped off the wall in the museum at a nighttime heist. they were recovered last year by italian police probing mobsters for cocaine trafficking. >>> that is the news update this hour. you're up to date. melissa, back to you. >> thank you very much. >>> the oil market closing for the day. let's get to jackie deangelis at the cnbc commodity desk. >> good afternoon to you. you can see crude oil prices are closing lower today for the session even though they started higher. there was optimism in the marketplace that the opec cuts that 1.8 million barrel a day cut would be extended past june. we've been sort of going back and forth on this but more members seem to be leaning towards that. still you can see the market doesn't have much confidence here that necessarily

. >>> more bad news for big retailers tonight, jc penny announced it's -- j.c. penney's announced it's shutting the doors today on 138 stores including the one in richmond in june. some workers may be transferred to other stores. if others may be offered early -- others may be offered early retirement. many may be out of a job. >>> did you wear your green today? today is st. patty's day. i did. you did not. >> that's what i hear. for many the party is still going on tonight. even san francisco city hall is getting into the spirit and that's where kpix5's cate cauguiran is tonight. >> reporter: it's widely known on st. patrick's day no matter where you're from, you're irish. as you can see behind me, san francisco city hall is even dressed up for the holiday. >> st. patrick's day is a san francisco tradition. >> st. patty's day is the best day of the year. >> reporter: it's a day to paint the town green. what do you love about st. patrick's day? >> drink! >> a lot of people having fun, a lot of dancing, drinking, good music, makes me homesick. >> reporter: shawn hanie is