. >>> and the tentative deal jcpenney just reached to try to save itself from bankruptcy. you're watching "today in the bay." prop 19 helps california's most vulnerable. it provides property tax fairness for disabled homeowners like cynde, stuck living with a broken elevator. nineteen helps wildfire victims, like ellie, one of 24,000 who've lost their homes to fire. and seniors like pam who need to move closer to family or medical care, without a tax penalty. prop 19 limits taxes on our most vulnerable. yes on 19. you're on it. exercising often and eating healthy? yup, on it there too. you may think you're doing all you can to manage type 2 diabetes and heart disease... ...but could your medication do more to lower your heart risk? jardiance can reduce the risk of cardiovascular death for adults who also have known heart disease. so, it could help save your life from a heart attack or stroke. and it lowers a1c. jardiance can cause serious side effects including dehydration, genital yeast or urinary tract infections, and sudden kidney problems. ketoacidosis is a serious sid

i'm currently holding 40,000 shares in jcpenney. following along with the court case, waiting for the news, hoping for a good outcome for jcpenney. charles: you know that most of the time like 99.9% of the time when there is a reorganization, the current shareholders don't get anything as whatever is left goes to other people, right? you do know that much? >> i did do, i do know it's a high-risk. you know, i have already made a lot of money. so i am, you know, holding on to shares that -- so we'll see what happens. hoping for the best. charles: okay. well, listen, you made big money on it. i will bring in keith fitz gerald. the stock is the roll of the dice. there are all kinds of risks we take when we invest. i want to know the most dangerous trades you take on? >> the most trades charles, are ones that i ignore the rules and i think i know better than the market. i give you a great example. i totally misjudged peloton. it's a wall street darling. i didn't think any way in the world people can buy the bicycles. the stock went strai

jcpenney filed for bankruptcy in may. kari, back over to you. >>> thank you, contessa. let's head to dublin as we get a look at a lot of people already up and out the door. we're going to hav another day of unhealthy air quality but temperatures starting out nice and cool with 50s heading into the 70s. we'll get a look at our microclimates coming up. >>> and, kari, i have my eyes on a couple of crashes. in san jose, the south bay and a crash that may affect folks heading into the sunol area coming up. california phones offers free specialized phones... like cordless phones. - ( phone ringing ) - big button, and volume-enhanced phones. get details on this state program. visit right now or call during business hours. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. once-weekly trulicity is for type 2 diabetes. it's not insulin. it starts acting from the first dose. and it lowers risk of heart attack, stroke, or death in people with known heart disease or multiple

the new plan to save jcpenney and thousands of jobs. >>> countdown to kickoff. nfl r tonight. what's different and why the commissioner warns there will be speed bumps. >>> and from justin timberlake's new mission to a new gig for jay leno to the mom making a surprise visit during her daughter's audition video, all the trending stories this thursday morning. >>> good thursday morning, everyone. we begin with the white house firing back after the release of those bombshell audiotapes. >> the tapes reveal that president trump admitted downplaying the coronavirus back in february. he spoke out late last night. abc's faith abubey begins our coverage. >> reporter: this morning, the white house fighting back responding to recordings made public in which president donald trump acknowledged he understood the deadly threat posed by the coronavirus back in february but misled the public about it. journalist bob woodward interviewed the president february 7th, 1 of 18 on the record interviews for woodward's book, "rage." >> it goes through air, bob. that's always tougher than the touch.

>> working in the warehouse at jcpenney's. >> reporter: even in bankruptcy, jcpenney's warehouse is still running. and, as at amazon, you have to step lively. >> on thursday i walked 23,355 steps. >> reporter: according to 72-year-old bill's smartphone, that is. >> and as long as i keep doing it, then i think my health is going to stay a lot better than i would if i sat down. >> reporter: that's one of the appeals of workamping to george stoutenburgh. >> i can't do nothing. what is nothing? you sit around and what? wait to die? that's not me. >> reporter: but he also needs the money. >> it's not like we're broke, but we're certainly not millionaires. we can't afford to just travel the world and do whatever we want to do. >> reporter: judy arnold's current yellowstone gig has kept her more than busy, but when it ends in october, she isn't sure what she'll do. >> there's a huge population of us that are still in limbo, wondering if there is a next job to go to. and a lot of my coworkers, where they normally go, there aren't places aren't open. i'm definitely worried because i definitely nee

jobs in america as part of a global restructuring that started two years ago. >>> an attorney for jcpenneyslemate. top lenders will make a credit bid to own the company as a stand alone entity to avoid liquidition. >>> former mcdonalds black business owners. the 52 claimants say they lead them to areas where rent and operating costs lead thetom failure. stay tuned for more here on cnbc ♪ ♪ i keep working my way back to you, babe ♪ ♪ with a burning love inside ♪ yeah i'm working my way back to you, babe ♪ ♪ and the happiness that died ♪ i let it get away servicenow. the smarter way to workflow. drop the taco, get in the car. does this sentra feel like a compromise to you? wait what? the handling, it's good right? no compromise there... nope. watch this... brie brie... (sfx: rab beeps) rear automatic braking. so if this nissan sentra isn't gonna compromise why should you? you're right! that a girl. the all new nissan sentra. with more standard safety features than any other car in its class. ♪ >>> it is 5:43 a.m. on the east coast. a live look at capitol hill where our next guest hopes congre

jcpenney is an interesting story.g the pandemic and they are still working through the restructuring. they had a number of bidders in talks to acquire the company but we've heard those talks have hit a stalemate. so they are looking for a last minute deal from lenders >> lauren thomas, you can read her full report. go to cnbc.com she is an expert voice when it comes to all things retail >>> keep that strong start to september going and why your next guest says the markets are at a critical level. >>> coming up, roger goodell will say whether the league is ready to kick off a new season amid challenges. exclusively at 11:30 a.m. eastern time here on cnbc. >>> welcome back to "worldwide exchange." futures indicating the dow will open higher by nearly 200 points, the s&p by about 27 and nasdaq up about 150 points implied. our next guest says the stock market is at a critical level facing several negative catalysts. nate, we like to bring you on. we've been talking record high after record high. after record high. what co

and to keep jcpenney open, jcpenney will team up with simon property and brookfield property to divide the chain. it is valued at $1.8 billion and would preserve about 70,000 jobs. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm richard -- i'm a good group to. this is bloomberg. ♪ >> we don't want to have to show panic. that is exactly what i did. i was open, whether it was the woodward or anybody else. it is another political hit job. whether it is woodward or anybody else, you cannot show panic or else you will have bigger problems. jonathan: another defense from the president of the united states. as transaction is shaping up follows, head of the ecb decision in 20 minutes, fx market showing the euro is firmer going into this one. a stronger euro at 1.18. and a little bit of weight to this. s&p 500 futures are down. you cannot see that corresponding move in the bond market. treasuries are unchanged. 70 basis points on a 10 year. tom: it will be interesting to see how the ecb data changes

while others like jcpenney filed for bankruptcy.arcus and laura, that could be walmart's opportunity. >> certainly indeed. a lot of people go there. thanks. >>> well, 4:44 for you this morning. behind bars. next on "today in the bay" the overnight arrest of a woman suspected of sending a letter to the white house laced with the poison ricin. >>> plus, vowing for your vote. the campaign events president trump and joe biden planned today. when the two were set to take the debate stage. it's 4:44. you're watching "today in the bay." >>> here we go monday morning. this is a live look for you in early for you at 4:47 this morning. the air quality, that's still a concern. kari tells us no, no, no. meteorologist kari hall monitoring what we can expect today. what are we expecting from the air quality today? >> it's mostly going to be in parts of the north bay, in the east bay where we see the drifts of smoke. along the coastline and parts of the south bay that's where we see some clearing, so concord one of those areas of concern where peo

paul: even in bankruptcy, jcpenney's warehouse is still running.at amazon, you have to step lively. >> on thursday i walked 23,355 steps. according to 72-year-old bill's smart phone, that is. and as long as i keep doing it, then i think my health is going to stay a lot better than i would if i sat down. that's one of the appeals of work camping to george stoutenburgh. >> i can't see myself stopping work. what is nothing, sit around and wait to die? that is not me. paul: but he also needs the money. >> it is not like we are broke, but we are not millionaires. we can afford to travel the world and do what we want to do. that would be a wonderful thing. paul: judy arnold's current yellowstone gig has kept her more than busy but when it ends , in october, she isn't sure what she'll do. >> there is a huge population of us that are still in limbo, wondering if there is a next job to goo. a lot of my coworkers where they normally go, the places aren't open. i am worried because i need an income. paul: as for bill and darla mclean they've been parked , out

simon mall owners are close to finalizing a $800 million deal to rescue jcpenney from bankruptcy which would save jobs and stores wells fargo has agreed to give them credit. seeking to get approval from a judge early next month >> the number of apartments in manhattan nearly tripled as many flee the city and prices collapses. more than 15,000 empty rentals in august, up from 5,600 a year ago. the most available since they started keeping track. >> i know a lot of people that have left new york city and tell me they are never coming back. maybe they'll change their mind. tough times for the city >>> your next guest has a rather interesting and different strategy than most we bring on he uses a concentrated portfolio of just 15 to 20 companies and has some good ideas where to make money right now joining us now, the ceo of cic wealth appreciate you coming on "worldwide exchange. because you use that smaller portfolio, have you been whacked by the tech volatility >> we haven't. we actually don't have a large concentration in tech. we have a handful, apple and intel in our portfolio that w

jcpenney could be closed to being rescued.simon property and brookfield are close to a deal to save jcpenney from bankruptcy saving jobs and stores wells fargo also agreed to give $2 million in credit penneys plans to seek approval from bankruptcy judge early next month. >>> jp morgan chase reportedly firing several employees who allegedly pocketed bailout funds meant to help small businesses showing that they improperly applied for and received funds under the relief program unlike the ppp funds and what is called the eidl program. dispersed directly with grants up to $10,000 for businesses hurt by the pandemic i imagine as the pandemic continues or the aftermath of it that we'll learn, sadly, more stories of both businesses and others doing things trying to take advantage during this period >> good for jp morgan for finding it and immediately firing these people. >> you saw september 30th, 25% occupancy in restaurants >> in new york city. >> in new york it is a first step >> there are some strict rules with that. >> the head

real estate we're getting -- cnbc is learning mall owner simmon and brookfield are set to rescue jcpenneyeel about these troubled landlords having to rescue their bankrupt tenants when they themselves are facing so much pain >> well, look, i think retail you won't be surprised to hear we're in the going to talk about specific lazard clients or specific officials but retail broadly smeg follows that consumer trend when consumers are in trouble retail suffers as a result it comes back to the same phenomenon we're talking about earlier. why is the market where it is? i think that's largely the result of a few things including very substantial monetary stimulus that reduced the tice count rate applied to corporate earnings and perhaps, and this is where it gets tricky, perhaps some degree of undue optimism about the timing of when a vaccine will be widely available and out of the woods on this particular pandemic. >> are you concerned, peter, by the size of the growing national debt and deficit is it important the dollar remains central reserve currency of the world in order to offset that ov

a lot of individual names to get to, z scaler, jcpenney, tiktok plus uptrades of names like spotify,ed bath & beyond and glil yad when "squawk on the street" comes back you should be mad at forced camaraderie. and you should be mad at tech that makes things worse. but you're not mad, because you have e*trade, who's tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. don't get mad. get e*trade's simplified technical analysis. lookentertainmentour experience: xfinity x1. it's the easiest way to watch live tv and all your favorite streaming apps. plus, x1 also includes peacock premium at no extra cost. this baby is the total package. it streams exclusive originals, the full peacock movie library, complete collections of iconic tv shows, and more. yup, the best really did get better. magnificent. xfinity x1 just got even better, with peacock premium included at no additional cost. no strings attached. >>> time for a mad dash this morning as jim is watching rh. >> wow, what a quarter gary friedman will be on "mad money" to

the new plan to save jcpenney and thousands of jobs. >>> countdown to kickoff. nfl season gets under way tonight. what's different and why the commissioner warns there will be speed bumps. >>> and from justin timberlake's new mission to a new gig for jay leno to the mom making a surprise visit during her daughter's audition video, all the trending stories this thursday morning. >>> stay right there. we'll be right b >>> stay right there. we'll be right back. come on in, we're open. ♪ all we do is hand you the bag. simple. done. we adapt and we change. you know, you just figure it out. we've just been finding a way to keep on pushing. ♪ wish you were here. to see how bright the human spirit can shine. to see that no matter what nature does, people will do more. with one of the industry's largest catastrophe response teams, state farm will always be among the first to arrive and the last to leave. to help show that human nature is greater than nature. like a good neighbor, state farm is there.® i felt like i was justs little constantly cleaning up his hair. then,

others like jcpenney filed for bankruptcy. a tough go for smal and business box stores as well.o much. new details this morning if you use that messaging app wechat, you can actually keep using it for now after a judge temporarily blocked a ban set to take effect last night. the original ban involved tiktok and wechat. it was halted with a deal made with oracle and walmart. wechat says it offered a life line. they say president trump's order will restrict free speech. a judge agreed allowing the case to play out in court. >>> a bona fide bay area star makes history on television's biggest night. >> the 72nd annual emy awards took place last night. jimmy kimmel hosted the show in an empty staples center while the winners and nominees from home. the 24-year-old became the youngest ever to win best actress in a drama for her role in "euphoria. ". >> there is hope. >> so talented. the biggest winner of the night you see the name right there on your screen. i can't say it so much but you can see how it's spelled there. it won sweeping all of the awards in the comedy category includin

higher touch they say they have apersonal shopper helping you, but it's that worker at sears or jcpenneyike they're taking you to the plaid. robert doesn't want the plaid, right? >> i mean, i'm learning so much. >> kelly, i know that john and r -- jon and robert are both very fashionable, but i am the pr personal shopper for my husband, and i don't worry about amazon putting me out of business for my husband this is why stitch fix has such an advantage it doesn't have the sense of being part of this behemoth. people love the surprise of opening up their box and seeing what's in there, and amazon wants to give them the choice before they ship them the box. >> true, that's true i think i would be more on the serendipitous part, but i guess at that point you're stuck with it >>> finally, before we go, guys, i just wanted to mention -- do we need a head scratcher story i get it, but -- here's what's going on microsoft is introducing new personal well-being experiences in the first half of next year for people who are working from home the updates include a virtual commute, so they're trying

the new plan to save jcpenney and thousands of jobs. >>> countdown to kickoff. nfl r tonight.he commis

cheryl: good morning, two mall owners simon property group agreed to buy jcpenney out of bankruptcy forin may after temporarily closing doors after covid-19 lockdowns and hasn't turned a profit since 2010. average pay $150,000 a year. amazon says these jobs are not related to the massive hiring it usually does right before the holidays. taking a look at amazon in premarket. stock down more than a quarter percent. ups expanding its workforce, looking to bring on 100,000 seasonal workers to help handle an expected avalanche of holiday deliveries. package handlers, drivers, let's take a look at ups in premarket, maria. stock is up a little more than half a percent. those are headlines from the newsroom, back over to you. maria: all right, cheryl, thank you, joe biden taking a page out of president trump's playbook focusing on manufacturing jobs in michigan. yesterday biden slammed the president saying that he has not kept his promises to the american worker, take a listen. >> so to reach, 1, trump hasn't stopped companies from closing plants and sending jobs overseas. 2, he's rewarded comp

followed likes of jcpenney, pier one, joseph a banks, anothers that have stepped back or fallen back,retailers we're simply not able to survive the coronavirus crackdown, lockdown. some doing okay. others are not doing okay. century 21 in that category. their losses likes of amazons, walmart's gains, target, with hefty online presence that made all the difference. i don't know where century 21 fell out on the online world but apparently not good enough to make a difference. filing for bankruptcy. sad, it happened again. to charles payne. charles: neil, bought all my clothes from there my first three years on wall street. that is all i could afford. another american icon bites the bullet. thank you. good afternoon, i'm charles payne. this is "making money." breaking at this moment, the market is trying to get the balance. the stock market, we've seen violent moves, swayed side to side. it wants to find terra firma. so what is the message of these last five trading days and what does history tell us about these sharp free falls in the nasdaq? the answer might surprise you. peloton has b

this year's end, i suspect they will disappear have view completely it's anybody's guess whether jcpenneylinger and die or find a life line there's apparently quite a bit of discord among creditors as to what the future will hold. lord & taylor, as you know, has announced complete liquidation, they are off the table nordstrom's is starting to recognize the fact that while their rack business has been growing and their department store business has seen a tremendous shift of customers from physical shopping to online, i think 30 to 40% of their business prepandemic was being done online, soner seeing the reality they have to consolidate further. anybody's guess what to make of the outcome of the neiman marcus bankruptcy they will invariably shrink back to a smaller number of stores, stores they should have stuck with at the very outset, then hbc sack's enterprise. they have positioned themselves for the demise and the pandemic is hastening that outcome. no other way to look at it. >> mark, thanks for joining us. >> you bet. >> the rally really picking up steam with 37 minutes left of the s

stories from opening businesses and vaccine updates >>> and an update of bankruptcy proceedings for jcpenneysy says talks to find a buyer have hit a stalemate yesterday, lawyers said the top bidder will make a credit bid to try to own the company as a stand alone entity we'll be back with more on that story too. the ambiguity. the moment calls for more. and northern trust delivers more. with specialized expertise. proven strategies rooted in data and analytics... and insights borne from over 130 years of successfully navigating economic turbulence. giving you clarity. inspiring confidence. and helping you uncover new paths forward. northern trust. wealth management. northern trust. t-mobile's new offer on iphone 11 pro is even better on our most powerful signal. switch and get two new lines of unlimited for only $90 and 2 iphone 11 pro's on us. only at t-mobile. apps except work.rywhere... why is that? is it because people love filling out forms? maybe they like checking with their supervisor to see how much vacation time they have. or sending corporate their expense reports. i'll let you in

across-the-board according to s&p global and those include the well-known brands that we talk about, j.crew, jcpenneyarcus and on and on, that will grow because as the economy slowly returns, social distancing and the reduced store capacity makes a proper recovery basically impossible but it's not just retail and consumer driven companies getting hammered, the industrial and energy sectors together accounted for nearly 100 bankruptcies, you can throw in herds global, petroleum just a couple in some they rearm merge from vagrancy but many will not in the list is growing. stuart: were buying a different kind of thing, it's been a long time i've seen a man walking down sixth avenue with the suit on. you do not see it this day, no wonder box brothers is gone. fast food chains, they are rolling out specials, please tell me this is not about spiced pumpkin lattes is it. lauren: may be partially, that the new menu item that keeps it fresh, i think the fast food chain, starbucks, not really fast-food but you can get your item quick, mcdonald's and wendy's are doing well compared to their peers because they h

jcpenney rescued by mall owner simon properties in brookfield.his bankrupt department store for $800 million. the only one going up is brookfield. they're up 16 cents. >> >> now this the san francisco hair sal son where nancy pelosi got her hair done has been run out of town. oh dear. lauren. lauren: she is not only closing her business, stuart, she is moving out of san francisco. here is eric kious telling tucker last night she is scared. >> just a lot of negativity towards my business. >> what does that mean for the business? >> that means that i am actually done in san francisco and closing my doors. unfortunately. i'm actually afraid to go back just because of the messages and emails i've been getting. lauren: she lives in san francisco for 15 years. she is afraid to physically go back there. she was hit by a deluge of hate mail when that surveillance video we showed you. nancy pelosi getting a wash and blowout without a mask on. this is partisan politics. in pelosi's district. it has pushed not only erica out of business but also out of san

others like jcpenney filed for bankruptcy. we'll see if walmart can make a toe hold in clothing. >> can't wait to see what they come out with. thanks so much. new details if you use that messaging app wechat. a ban was set to take effect last night. the original ban involved tiktok and wechat. the tiktok ban was halted with a tentative deal made with oracle and walmart. wechat says it's a lifelong to family, be friends and others in china. they say president trump's order would restrict first amendment roits to free speech. the judge agreed. >>> a bona fide bay area star makes history on then an empty staples center while winners and nominees watched from home. oakland's own zendaya became the youngest woman ever to win best actress for her role in "euphor "euphoria." >> a weird time to be celebrating but i just want to say there is hope. >> "schitt's creek" swept all the and actress and was named best drama. all good shows there. mack sure you watch. >> if you have some time setting at home. i wonder how much screen time peop