hope you had a great thanksgiving we'll talk to jeff gennette, ceo of macy's.he futures are weak following the last hour fade on wednesday. ten-yr yield is back to 304 oil is getting demolished. so far this year, the dow and s&p are each in the red. wednesday's gains puts it further in positive territory. that 200 point gains lost in the hour is disappointing. >> the dow actually closed lower and signs resoceiving not much more promising weakness and commodities not just in oil but in copper and the question is what are the worries of global growth how severe are they? it translates into global stock. the u.s. stock market. this is supposed to be the best black friday for the u.s. consumers in years and retail stocks have been under heavy selling pressure what's the market signaling? is it signaling this is as good as it gets in. >> that's the question question. you mentioned china, no smoking gun at least, a number of reports i have seen this morning from the people who are working sort of indicate that. you do have bond yields and concerns on capital out flow

wasne, jeff gennette talking about it doing well. number of figures out today from adobe analytics. saying $643 million has been spent online as of 10:00 a.m. this morning. sayingthat puts us on track fo4 billion to be spent online today. they skinning itself, $3.7 billion was spent online. of that, $1 billion was spent on mobile devices. joe: is there a demographic, for a sort of character of the type of people who show up and stand in line early on black friday? are they thrill seekers they really like the crowd, and the bigger the crowd and longer the line the more fun it is for them? mix of think you have a them. there must be some people who like standing in line. i am not necessarily one of them. a number of retailers have offered particular deals for coming into the stores as a way to boost food traffic -- foot traffic. we have seen that as a way for retailers are getting people in the store. speaking to jeff gennette, he talked about macy's being an on the general retailer. -- an omni-channel retailer. online shopping is tren

be sure to tune in for black friday with jeff gennette of macy's, we'll talk about what he's expectingor the holiday season take another look at the premarket, we got a busy day ahead. more "squawk on the street" live at post nine in a moment every investor should ask questions. is our money in the right place? what am i really being charged? and is it eating into my returns? is my advisor a fiduciary? is he always a fiduciary? a good place to start is with an independent registered investment advisor. as fiduciaries, they live by a simple rule: always act in the best interests of their clients. that's why charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com ♪ ♪ ♪ ♪ comfort. what we deliver by delivering. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity

. >> macy's, we had jeff gennette joining us on friday >> astonishing >> jeff gennette is leading a remarkablenstitution it does not matter jeff is doing a very good job. it is going back and forth on that quarter the fact that it is not important if i liked it. what's important is the market hated a good number. that's discouraging. there is a time where if you were hedge fund, if i get this from macy's, i am going to get a 10% move >> this is what gennette told us on friday. >> record low on employment. consumer conference remains quite high and customers are out there shopping clearly i think we are going up against the positive and fourth quarter of last year as many as my competitors are as well. >> everyone is ready for that. >> he did say if we get to the next round of tariffs in january, it is cotton based. that's where retailers start to feel it. >> also on goods that have not had any yet. a lot of apparel is really untouched. >> the president has to back away from 25 it is not about tech trade it is about stopping chinese >> that's the plan there is nothing to do to trade. >> that's

obviously it's a big name for the holiday season, one that even jeff gennette of macy's said was a brighte dow is down about 4% for the week, which says something it's usually a strong time of the year >> i think i saw it at 50 1/2, obviously more signals that we are literally awash with supply, even though the ceo of totale suggested wield see a significant cut in december. >>> g-20 next week probably a big market mover, a few more retailer earnings, but yeah, in general, carl, it's children's day here at the new york stock exchange, so we just want to wish everybody a happy black friday, a happy start to the holiday. we actually have my rugrat here, too. >> are you ready for christmas yeah >> that's something we'll watch closely. guys, have a great thanksgiving weekend. we'll see you on monday. one or left in this holiday shortened trading day. >>> it is time for a special "black friday" edition of the "closing bell. can santa claus, also known as father christmas in the uk, save the rally? >>> plus today is gearing up, but are consumers out in droves always wait fog cybermonday? instea

what would you ask jeff gennette >> i would ask jeff how the investment in technology is doing to drivehing closely enough how much they are doing as a technology company. >> on the boring back end. and the not so boring front end. they're implementing a lot of new stuff. >> jan kniffen, macy's, ulta, foot locker, children's place, pleasure >> let's find out what else you will be talking about today. time for the top trending stories. kate rogers -- hope you had a wonderful thanksgiving i did how was yours? >> it was quick. when you work this show, you're eating dinner at night, you're like i have to eat in six hours. >> my aunt moved dinner to noon. >> we ate at 7:00. >> i was in bed. >>> the leaning tower of pisa is leaning a little less than previously thought the 12th century tower has been the subject of decades worth of efforts to straighten it out to avoid eventual collapse. it turns out those efforts are working. engineers say the tower has recovered 4 centimeters and it is in better structural health >> they may want to keep it leaning because that's the only reason to go to pi

rick happy thanksgiving >>> coming up on friday, do not miss the first interview with macy's ceo, jeff gennettet 9:00 a.m. eastern on "squawk on the street." take a look at some of today's laggards on the nasdaq 100 nvidia, tesla, amgen, costco and gilead more "squawk alley" after the break. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade. ♪ ♪ i'm all for my neighborhood. i'm all for backing the community that's made me who i am. i'm all for my theatre, my barbershop and my friends. because the community doesn't just have small businesses, it is small businesses. and that's why american express founded small business saturday. so, this year let's all get up, get out and shop small on november 24th. i got croissant. small business saturday. a small way to make a big difference. [ready forngs ] christ

macy's ceo jeff gennette says his website is ready he doesn't believe he will run into the checkout snafushat happen last year a difficult day to experience trouble like that. back to you, melissa. >> courtney, thank you courtney reagan at kolls with so many retails deep in the red. we thought it would be time for a game. >> a confusing game. >> game. known as shop it or drop it. i will say a stock, such as best buy if you like the name you say shop it. and you will see this. if you think it is a pass, a sell you don't want to own it you drop it and you see this all right. great got it. >> got it. >> how you doing well. >> do i have to go first. >> we'll use the best buy example we walked through down 25ners in the last three months shop it or drop it. >> you know as karen and tim seymour. >> he is not playing he can't. >> in baseball or in sports if you are shopping a player you're trying to get rid that have player. >> same with companies. >> shopping. >> but not on "fast money," no, no. >> shop it means something i want to buy. >> put in the bag and take home. >> like amazon shopping ca

hope you had a great thanksgiving we'll talk to jeff gennette, ceo

jeff gennette was in the front well -- front row. we will get the view in the 9:00 hour.m taylor riggs. let's get your business flash. ghosn's removal as chairman of nissan is likely to lead to more problems. nissan will try to create a more equitable partnership with renault. the french automaker has more influence in nissan than nissan does in renault. oil is heading for seventh weekly loss. futures are down more than 3% in new york. saudi arabia signaling output may have reached a record. america's growing stockpiles have raised concerns about a supply glut. the cryptocurrency crash in 2018 is heading for its worst weekend. most of its peers are falling. the crypto index is down 25% this week, the worst five-day stretch since crypto mania pete in january. -- mania peaked in january. to be onre beginning the g20 watch in buenos aires. we are going to get a briefing now. andreas, how is the city getting ready for this? everybody loves .0 cyrus. how does -- win the series. how does the city adapt? >> we have about 8000 people coming in including president trump, president