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with that said, let's get back to this jcp stuff.e up in arms, herb, settle down, hol on, that a tweet could have moved the stock. it may not be the tweet. however, nina garcia, powerful in the fashion community from what i'm gathering, basically saying it will be a game changer. she tweeted it out right as the stock began to move. if it's not this tweet, then something else occurred right at that exact minute. >> you never know, but this was clearly a move -- >> listen, the nina garcia relationship was old. it was announced going back a number of weeks, a week or so ago, but the fact that she said she was there, and this will be hot, that may be what got it going. again, that's the only news we have. my people that i follow who i know are talking about just as the stock was moving and just before it moved. >> a lot of stuff now about what her roll is, is she a consultant -- >> when the best retail guys i know is a retail analyst that says that's simplistic. >> jc penney adds nina garcia to their merchandising team. she is now their

he had been a hero at apple and target and best part ron johnson is a merchant but at jcp he has flubbedy and fabulously on multil fronts. went to a form of every day low pricing. everybody will tell you outside of warehouse clubs and dollar stores, it doesn't work. consumers want to think they're getting a deal at department stores and like it or not, jcp is a department store. second, johnson is rolling out a concept of store within a store concept. anchored with town square. sorry. town square just does not cut it for me. third, and this is what really got me going. right out of the gate, johnson offered earnings guidance. this is a company he says will take three years to turn around but by offering guidance, he's setting himself up for egg on his face and johnson fired the guy as president less than a year ago. this is not apple. this is not target. this is jcpenney. this is not looking good. >> we thinks the bromance is over. everyone said if anyone could do it, he could. >> what i have here is until the end of 2012. some people think he'll be out of a job. >> no way. >> i have see

. >> jcp, a drop? swiss came out is they cut their estimates and price estimates to just over a buck. that makes it very, very expensive. i'm still short and i'm not covering just yet. >> we got a drop. mike? >> the cummins news really hurts news like this. they were not interested in buying the company. >> a new beer is infused with two tenths of a gram of the precious metal. it is not worth its exact weight in gold, but it is not cheap. it is only available to special clients. >> there is a newcomer. find out which fund investors are flocking to. more coming up next. [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it's an all-you-can-eat buffet for all things trading. thinkorswim by td ameritrade. it doesn't just deliver news. it's making news. trade commission free for 60 days, plus get up to $6

. >> yes on macy's, maybe on target and no on jcp. sue. >>> let's turn to the oil market having its ups and downs, down about a buck-95 right now. and then up for some refiners. sharon is there. hi, sharon. >> you're exactly right. not much to light a spark in the oil traders but they're buzzing about equities and refining stocks. look at bolero, topping $28 a share after the world's largest independent refiner reported profits above expectations, that profit boost helping valero's shares but valero is not alone in what we're seeing in the refining industry. it this is bellwether up 30% so far this year. look at western refining, up 75% year-to-date or holly frontier, up over 45% and marathon, up 45%. and we're looking at the refining index as well beating not only the energy sector but the broader s&p 500 by a significant margin. it really comes down to the price of the raw material, the oil itself and the big discount we're seeing in wti or u.s. oil prices versus the london-based brent crude. that spread has averaged 15 bucks for th

. >>> just ahead, street talk rallies stock edition and jcp shaking up the pricing again. the sales rack will be back. is this a right direction? at sleep number, individualizing your sleep is at the heart of every innovation. wow. that feels really good! and now, sleep number introduces our new memory foam series-the only memory foam beds with exclusive dual-air technology that adjusts on each side. memory foam just found its better half. sleep number. enjoy introductory savings of $500. and two free coolfit pillows! plus, free shipping through saturday. only at the sleep number store, where queen mattresses start at just $699. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ.

credit suisse piling on jcp.racking, according to them, even worse than the drop in the they've also doubled their loss estimate to 38 cents a share for jcp. credit suisse blaming in part poor messaging on the part of the management. also noting, guys, apparently some venders are getting ticked off at jc penney for either ordering late or canceling orders. this stock now down 43% in just three months. you know, at some point ron johnson may turn this thing around. but right now stocks getting whacked. it looks like the company is in disarray, at least according to credit suisse. david faber. >> thanks very much. very interesting you mention jc penney. a big position of perching square. carl icahn on the offensive against forest labs. the, quote, die nastick nature of his succession plan. soloman fighting back with a detailed rebuttal of his own and his own qualms with mr. icahn. ken squire joins us to talk about what's rarely boring activism. you follow it as closely as anybody. let's start off with forest labs.

retailers fell for a third straight month in june thanks to slowing demand jcp, abercrombie, american as well, down for the first time below 30 since mid june. >>> time for the road map, citi beating expectations, sort through the numbers, looking ahead to the big banks this week with one of the street's top analysts. apple's siri panned in the "new york times" while google gets glowing reviews. check in with the man who wrote that review. former s.e.c. chairman harvey pitt waist in on jpmorgan's multi-million dollar trading blunder. what it means as a whole. we've heard about the fiscal cliff, what about the mansion cliff. why high-end real estate could be one of the industry's most affected by a lack of compromise in washington. all that and more is coming up in the next hour. >>> start with citi trading higher after second quarter estimates beat estimates, joining us on cnbc news line. price target of $49. jeff, good morning. always good to talk to you. >> good morning. nice morning. busy morning. >> for you, yes. so the cfo says they are satisfied with the quarter. are you? >> yea

. >> jcp.heimer says now is the time to buy. >> probably now close to 34% with the turn-around. they made a sale, raised some money. enter at your own peril. >> whole foods. we've already gotten chipotle. cowan and rbc say buy ahead of earnings. >> i think there will be good. i don't like to buy ahead of earnings. goldman says monster is okay. i don't touch the stuff as much as people think i do. >> for more on those names sots.cnbc.com. b & g tonight? on mad? >> a little company. the domestic securities has a good yield. david wehner runs it. the best performing stock other than apple and att that "mad money" has recommended. >> you want to take a guess as to the tone that apple takes tonight? >> i think that apple is constructive. a very inexpensive struck. he is a great investor and said this is the cheapest stock he follows. i totally agree. >> see you tonight 6:00 and 11:00 eastern time. >> thank you. >>> when we come back getting ahead of the curve on the apple earnings after the bell. sh