jcpenney is projecting a 4% drop in sales for the current fiscal year. the corona virus is having an impact on the area. facebook is pulling the plug on one of the big conferences. >> the device that could keep healthcare workers safe and the time of can the coronavirus. >> one of the strangest police chases. the stolen purse with the body in the back. woman: the deadly corona virus officially hitting the us. man: the markets are plunging for a second straight day. vo: health experts warn the us is underprepared. managing a crisis is what mike bloomberg does. in the aftermath of 9-11, he steadied and rebuilt america's largest city. oversaw emergency response to natural disasters. upgraded hospital preparedness to manage health crises. and he's funding cutting edge research to contain epidemics. tested. ready. mike: i'm mike bloomberg and i approve this message. we choose to go to the and do the other things, not because they are easy, but because they are hard. president kennedy knew settling for half-measures wasn't good enough. so when candidates say w

] seriously, i'm not saying, jcpenney is in rough shape, but even the coronavirus won't go in thereghter ] oh, come on. hey. >> steve: come on. [ laughter and applause ♪ >> jimmy: well, you guys, i read about a woman who took 550 times the normal dose of lsd and claims the foot pain that she's had for almost 30 years went away [ laughter ] then again, that's only because she chewed off her foot. [ light laughter ] 550 is the normal -- what is the normal - >> steve: i guess one? >> jimmy: yeah, i guess. [ laughter ] probably none, right [ talking over each other >> steve: half a - >> jimmy: finally -- finally, this isn't good, wildlife officials in tennessee discovered a bald eagle that had eaten so much it was too full to fly. [ audience ohs ] and never before has there been a greater symbol of america. we have a great show, everybody. give it up for the roots [ cheers and applause ♪ ♪ [ cheers and applause >> jimmy: we have a fun show tonight. this is a show for the ages. i love it. john mulaney is here tonight [ cheers and applause my man bad bunny is here [ cheers and applause i

jcpenney and best buy reporting earnings.l showing some strain, the retailer planning to close six stores this year. >> whatever happens, we are prepared. we have the best people in the world. alix: we are assurances come, as the u.s. identifies the first case of the coronavirus that does not have ties to the outbreak. >> vice president mike pence will be taken the lead on the united states response here to the coronavirus. the president yesterday saying that the threat still remains "low to most americans." alix: the cdc raises the threat of community spread in the u.s. taking a look at the markets, we are rolling over today. s&p futures are holding on to the lows of the session. still a roster safety in the bond market. the five-year is outperforming. the fx market is attached different, the dollar is one of the weakest in the g10 space. unwind, the position and crude is rolling over, down almost 3%, off the lows, but merely. markets are weighing the unknown, because the virus. they are also keeping an eye on fundamentals.

kristina partsinevelos, what is with jcpenney?ice up behind me, sent a letter out to jcpenney if they don't get their act together they're booted off the new york stock exchange. why? you need to be a dollar on new york stock exchange over 30-day period. unfortunately jcpenney has not been like that. 72 cents a share right now. unfortunately for those that bought the stock, say, back in march 2016? the stock has dropped 93% since then. the company issued a statement saying that they are going to put out a reverse stock split, reduce number of shares on the market, hopefully boost it up. they have six months to turn themselves around to get back to that one dollar mark at least or they will be out the door. earnings come out later on this week. the company says they're trying to change things around to get people going to jcpenney. they will be rolling out new remodeling fitness studios, videogames at the stores. unfortunately, was that, that character. still jcpenney 72 cents a share. stuart: we say put them on death watch. organ

one of my favorite stories is jcpenney.in the 1990's that came out, they were investment-grade. they did a 100 year bond. john: just to bring it back to the fed, which we were talking about earlier. when we are talking about these long dated bonds, could they be a wildcard? claire: definitely. we don't really know where rates are going to go. one of the big risks of these products is when you are looking at a longer duration bond, that has a lot more interest rate risk. a few years from now rates are higher, those bonds can get whacked. a 40 year bond, if interest rates rise by 1% you could lose 20 points on that bond. john: interesting story. bloomberg claire boston. we are going to take a break. coming up, acting in solidarity. we will be live from ontario where protests have altered roadways as environmental activist fight the construction of a gas pipeline. this is bloomberg. ♪ ♪ this is "etf iq." -- bloomberg markets. shery: a look at some of the biggest business stories. another sign of a strong real estate market in

perhaps not radiating the sales out within the broader jcpenney. but it's interesting they will look into strip malls as opposed to pure malls. we know malls are not what they once were. not all malls, though, are underperforming. simon said we're not seeing what the rest of retail is seeing we're seeing square footage up and in-sales up. >> the mall is just changing. >> that's true sephora i also think -- >> top tier malls are strong. >> true. >> and core site keeps track of stores opening and closings and so far in 2020 there are more store openings announced than store closings 700 to about 1,100 you think about sephora, you want to try on makeup. you're going in and someone's maybe physically helping you. >> look how ulta survived the coronavirus era. >> it's not just coronavirus era but makeup in general is declining. >> right. >> the girl trend. >> before the announcement they said they're looking at skin care and hair and fragrance. those are the categories that will grow. and i think it's a big question whether you can expand so quickly as

malls are surviving the downfall of retail giants like jcpenney and macy's.nd on thursday or favorite physician doctor mike is here with the latest health and wellness news. friday we answer the questions that matter the most to you, it's time to ask maria, right here on mornings with maria. maria: meanwhile former alan greenspan is seen as boom and bust markets. i asked him thoughts on what's driving this most recent amazing run on wall street? >> first of all i think what is happening is we are getting a very significant increase in retirees. medical science is such that the average age of elderly people is getting older and there are more of us. the results of this is as you well know, social security and all other entitlements are rising rapidly and have projected very stiff and entrancing nipple he higher in the future. both historical data show unequivocally, those pressures are driving gross domestic savings dollar for dollar with the entitlements. and gross domestic savings is the major source of funding for gross domestic investment and hence product

but one company that is had moving in the opposite direction is jcpenney's. party got a warning letter from the guys about me from the new york stock exchange think the jcpenney, stock does not comply with the new york stock exchange. it needs to be the closing price a dollar of our 30 day. to it seems to be hovering as we can see at 72 cents right now. in the company that was trying to turn itself around, they will be doing a reverse stock which will reduce the outstanding shares, they hired six new executives to help with that turnaround to then marie started with some of the stores remodeling. if near earnings the company expected at the end of the month for february 27th, to fortunately or exciting the cells develop even though cash flow is expected to be positive. jcpenney's is still low. people go shopping there printed the sales numbers are not showing that. be one they get lost in the sauce here. christina, great job. let's go to making money. on the whole tesla thing if you will indulge me charles, how do you do with your client is able to get in on

macy's, jcpenney and nordstrom are the latest stores where customers can make an appointment and showth the clothes they want to sell. the store's trained buyers evaluate your old clothes and make you an offer. >> resale is tapping into the ethos of the consumer that, one, they want to save money and, two, they want to more economical with the money they are spending. >> new way for department stores to stay relevant amid challenges from online retailers. later customers who resold their clothes explain how the process worked for them. >>> you'll have to pay a healthy price if you want general mills new healthy cereal for breakfast. the health morning summit contains almonds, dried fruit and 15 grams of whole grain. it also costs $13 per box. general mills is hoping it will give a much needed boost to cereal sales. >>> from expensive cereal to expensive cookies, coming up, sticker shock for oreo fans. >>> over, the last the over the word "royal." will harry and meghan have to drop it from their brand? >>> new details about the woman posing as a photographer to kidnap an infant. the ba

macy's and jcpenney are in the game partnering with thread up.y most likely to buy? >> they're buying men's and women's clothing, handbags, i tried to sell them with a dress with a broken belt. they said no but they said yes to a lot of things as well and they have a whole list of brands on their site. >> how much for this suit? [ laughter ] thanks, rebecca. we'll be back live in victoria falls with ginger. that's coming up. falls with ginger. that's coming up. >> announcer: good morning north bay. let's get up and get going. this is "abc 7 mornings." >>> i'm reggie aqui from "abc 7 mornings." the primary election is less than two weeks away in california and it's looking good for senator bernie sanders. a new poll found sanders has 32% support from california democrats. former vice president joe biden in second but pretty far behind at 14%. elizabeth warren at 13%.13%.13%. michael bloomberg and former mayor pete buttigieg come in last. >>> good morning, everyone. as you're traveling on highway 101, highway 1, highway 12, low visibility from sant

>> so we are watching jcpenney and macy's, all of the stocks, i wanted to highlight jcpenney in particular, people see the price is under a dollar and already received warning, you're only allowed to trade under a dollar for 30 days before the exchange basically says you have 6 months to make the change to reach compliance before you are delisted, so we are continuing to follow these as well, of course, no one really wanting to be in the malls or wanting to be around other people right now so certainly as we have been talking about travel stock, retailers are feeling the same effects. stuart, i was listening to you and watching the 500-point swing. i'm curious which stocks are limiting some of the losses right now on the dow. these are not going to surprise, merck, pfizer, 3m, of course, pfizer very much in the vain and defensive play, 3 bright spots on the dow. as we know, stuart, so far the worst week for the dow since the financial crisis in 208. -- 2008. stuart: that's so far this week. charles, i know that you to go, i will give you the last word. charles: companies can't deliver. bac

macy's and jcpenney recently partnered with thread up. and now nordstrom has its own service. >> we're trying to resonate with customers to continue to give them choices. >> you not only sell the clothes that are used but you also buy them. >> that's right. we're inviting customers to sell their garments back to us. >> it is available on the company website and inside the new york city flagship store. >> resale is tapping into the ethos of the consumer that they want to save money, and two, they want to be more economical. >> we decided to give it a little try with help from gma producers taylor and tori of after making an appointment, they show one the goods. >> have you done this before? resold clothes? >> do i conseinement aton. the problem is when i bring in my stuff, it may not be the right time of year they're looking for with the dresses or jeans or whatever. >> what do you have with you today? >> i have a lot of pairs of jeans, a coat, a purse, a pair of boots that i haven't worn in a while. >> then it is time to check in with a v

macy's, jcpenney partnered with threadup and now nordstrom launched its own service.ut it on "gma." here's how it works. >> so we're inviting customers to come in and sell back their garments to us. >> reporter: the clothes are taken to be evaluated by nordstrom's trained buyers. 30 minutes, later, an offer. >> reporter: we took the 7 for all mankind ones, 35 for those. 40, and the stuart wiseman's ones. >> reporter: the total, $400 for seven items. >> nordstrom pays with store gift cards. you can watch a full report on resale revolution coming up on "gma" at 7:00. >>> here's a look at the new york stock exchange, we're up about 75 points. >>> february is black history month and abc7 news is celebrating by featuring people making history in the bay area. i had the privilege of sitting down with the first african-american woman appointed to california's court of appeals. it's been a long journey for justice terry jackson. she says she and her sister were the first to integrate their schools and their neighborhood. as of january justice jackson assumed her new role in t

macy's, jcpenney partnered with threadup and now nordstrom launched its own service. rebecca jarvis is talking about it on "good morning america." >> so we're inviting customers to come in and sell back their garments to us. >> reporter: the clothes are taken to be evaluated by nordstrom's trained buyers. 30 minutes, later, an offer. >> reporter: the total, $400 for seven items. >> i'm not buying someone's old shoes, are you? >> spray them down. if they're cute. >> like you're at the bowling alley? all right. nordstrom pays with store gift cards. you can watch a full report on resale revolution coming up on "gma" at 7:00. i'm all for recycling and why not. we should be doing this, right? there's some things i draw the line on. >>> would you pay $13 for a box of krcereal? >> what's in there, gold? oil? >>> first smartphone use compared with drug use. a new study reveals how too much time on your phone could be physically affecting your brain. >>> and the search for the man who threw his burrito, that good, whole, warm burrito back at the leadership that makes a differe

. >> jcpenney, like it. >>> anthony scaramucci is here right after the break. you have the support of and the gastroenterologists who developed it. align naturally helps to soothe your occasional digestive upsets 24/7. so where you go the pro goes. go with align, the pros in digestive health. this is a stodream.the american it starts here, in a middle class neighborhood with a middle class kid named mike. when his father died, his mother went to work and became the breadwinner. she instilled in mike a belief in hard work and a drive to build a better life. so he started a company from scratch with an idea and endless hours- today, that makes him the only democrat in the race who's created 20,000 jobs. he's the only democrat who's run the largest and most diverse city in america, rebuilding after 9-11, creating over 450,000 jobs and expanding health care coverage to 700,000 people. the only democrat who's built a grassroots movement to combat gun violence and he's a leader combatting climate change. the only democrat who's never taken a penny from special interests. now mike is running

this is the latest store because that's the one that nordstrom was doing and jcpenney. >>> san francisco-based lyft is stepping up its game to compete with uberment. >> it's rolling out a pilot program that allows you to select a highly rated driver. it's called lyft preferred. it's a new type of ride for passengers who want to pay a little bit more for a newer car, more leg room and a top driver. more the ride would cost, but h- lift says drivers who participate will receive a bonus after each preferred ride. >>> we're coming back with another full 90 minutes of news, including shopping under the influence? >>> and a new report says moscow may be trying to interfere with the 2020 election. >>> and a deadly crash in earning on that eclair. don't touch it! don't touch it yet! let me get the big one. this one? no! this one? yes! no... the big one! they're all the same size! with freedom unlimited, you're always earning. let me get them all. i'm gonna get them all. i can't decide. and the breadwinner arrives home from a long day at work. now the family can sit down at the table, where everyone kn

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macy's and jcpenney and nordstrom.lso buy the clothes that are used? >> yeah, that's right. so we're inviting customers to come in and sell back their garments to us. >> reporter: it all happens through nordstrom's new see you tomorrow service available on the company website and inside its new york city flagship store. >> resale is tapping into the ethos of the consumer that they, one, want to save money, and two, they want to be more economical with what they are wearing. >> reporter: so we decided to give it a try with a little help from producers taylor and tori. you've done this before, resold clothes? >> i do consignment a ton. >> i have a lot of pairs of jeans, a coat, a purse. >> reporter: it's time to check in with a valid i.d. >> hi. good morning. welcome in. you have a lot of stuff to share today. >> yes. >> the tags still on them. there's so many jeans, this is perfect. >> reporter: the clothes are taken to be evaluated by nordstrom's trained buyers. 30 minutes later an offer. >> $35 for those, $40, $160. >

malls are surviving the down fall of retail giants like jcpenney and macy's, dr.re with the latest health and wellness news, friday we answer the questions that matter the most to you, it's time to ask maria, it's all right here on mornings with maria. as a struggling actor, i need all the breaks that i can get. at liberty butchumal- cut. liberty biberty- cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ maria: welcome back, breaking news, iran's deputy health minister tested virus for coronavirus according to state media, coronavirus fears taking a toll on stocks yesterday, global markets down sharply, we want to illustrate how the virus attack it is human body and why it's so dangerous, joining us nicole saphier, fox news medical contributor, also the author make america healthy again, great to have you this morning, thanks so much for being here. >> thank you very much. maria: start with the lungs, tell us coronavirus attacks the body? >> respira

michael: they are in the same trap jcpenney found itself in where you are a middle market and you areonsumer and the low end person is going to individual stores or discounters? brooke: that is a lot of the stores they are cutting, neighborhood stores in these regional markets where you are not seeing the traffic. they have been investing in facelifts for their stores. they will do 100 more. they are seeing better growth there and more profit. but is a positive sign, what is the cost benefit analysis there? you spend a significant amount of money on these and maybe you need to write that footprint further. they are also looking at smaller format stores similar to what target has done. there'll be more shopping centers off the side of the road where you can easily pull in, grab things, walk out, versus going to a shopping mall. alix: if you close a macy's store, it is not like that person finds another macy's or goes online to get the product. they just go next door to the next distort and that is the broader issue when they're also trying to boost their e-commerce. fundamental purpose

certainly we have jcpenney, no expectations there.ready know there is a transaction there. the question is can they turn that brand around? they have gone so far down the rabbit holes of ignoring what the customer wants. have big expectations from tjx in europe, t.j. maxx doing incredibly well. alix: great to get your perspective. stacey widlitz of s w advisors, and laura, thank you. come to new york. laura: sign me up. alix: coming up, more on home depot. we will break it all down in technically speaking. if you're company and your car, tune into bloomberg radio and across the u.s. on sirius xm channel 119 and the bloomberg business app. this is bloomberg. ♪ alix: time for technically speaking. bill maloney, chartered market technician and voice of bloomberg equities brought joints me now. listen to bill all day. type in squa on your terminal. let's talk home depot. bill: up around 3% right now. the stock has been a long-term uptrend dating back to december 2018. look for first short-term resistance around 247. if we get a break

>> there teaming up with a platform that sells secondhand clothing called dried up macy's, jcpenney,r with this and they all do in various and different ways, the gap says you bring in used close, drop them off and will give you store credit, the question is this is the second hand market, how effective is it for the big retailers, does it generate more traffic, does it boost profit? we will see. but it's a trend that all these retailers are getting into. stu: can you imagine going to bite a secondhand used pair of ripped jeans. i can rip my own. [laughter] >> they are not that deep cheap% is usually not that much. in their banana republic already doing that with secondhand louis vuitton purse unde. good news on the housing market, existing home sales up about 10% from last year. maybe we are looking at a real nice spring housing boom, a good story and we are on it. forget robocall. the latest news from a political text campaign is now excessively messaging people to donate. we have the story, we are on after this. ♪ at fidelity, online u.s. stocks and etfs are commission-free. and w