you they believe it is undervalued, joseph a bank? with the stock trading higher, it is not unreasonable for joseph a bank to come back and ask for more money, but joseph a bank said they would also like to look at other acquisition targets, and who they may acquire is unclear. these are very logically partners. and there are not really any iner players in this size the discount men's clothing business. >> so they both agree the synergies are here. acquiresatter who whom? >> men's wearhouse is the larger one, so in that sense, it makes was seen as the better managed company before at joseph a bank. >> all right, our senior market correspondent on the men's wearhouse offered to buy joseph a bank. we will be back with more on the " startsand "money moves now. ♪ >> welcome to "money moves," where we focus on alternative assets. i am alix steel come in for deirdre bolton. on in hedge funds, private equity, real estate, and more, and today, it is a feel- good story, helping people climb out of poverty, the benefits of micro-financing. that

is an ongoing s likelylyst says it is joseph a bank looking for a higher bid for men's wearhouse. stock has been trading above $55. >> that means this is not a done deal? >> they are dancing. happen,ow it does not if joseph a bank is sincere and wants to look for other acquisitions, it's not put in a good position. both of the stocks will run up. >> what other acquisitions good there be out there? >> there are other businesses not in the same league. if they don't get together, you look at them as coexisting businesses. men's wearhouse is probably in a slightly better position. joseph a bank might go casual. there is not a lot of choices. >> what about lands and? >> i don't know, there are not a lot of names that come to mind that are very logical when you talk about other companies. >> you are throwing everything out there. these two companies are dancing in their rented tux he does. >> we will see what happens. we are approaching 26 past the hour so it is time for me to take you "on the markets." let's take a look at some of my favorite companies. 500, the dow, and the nasdaq are

i want to talk about men's warehouse and joseph a. banks, two men retailers, rivals. back into october, joseph a. banks tried to take over. rejecting the acquisition offer. now men's wear house says, this is an opportunity. we don't want to up miss it. it wants to make it work and happen. now they're trying to consider other options on how to actually execute this. even continuing to look at it may be making this combination a reality by looking for board seats and joseph a. banks and try to make it happen from the inside. we will see, but basically this is an opportunity that they do not want to mess. the analysts and experts believe that the collaboration of these two companies would be very beneficial to both because they are in the same type of business that is retail. year-to-date up 66%. and so is just a database, about 42%. they are winners. in the meantime they are in those argumentative roles. ms. warehouse not giving up. liz: down three and a half%. profit-taking? t have a downgrade? >> i did not see exactly why it was to the downside. focusing on the winner

joseph a bank came out with a statement to say we are rejecting your $55 per share bid . ow dose of a bank shares have traded, they are down this morning. -- joseph a bank shares have traded, they are trading down this morning. it looks like investors think it is worth more. saying we would look for other acquisitions for us to make as well. the companies have agreed in principle that a deal makes strategic sense. this all started in october when joseph a bank made an offer for then men'souse, and wearhouse turned around after leading the offer expired and made an offer or a smaller rival. some people call that the packman defense. >> why does this make sense for them to join forces? >> for normal reasons of cost savings if you get them together . purchasing customer service, etc.. one analyst has also said it makes sense because of the lucrative taxi go rental business, which you could then expand out, that that would be something attract it. one other party that said it makes sense is eminent capital. they all nearly 10% of the shares and has been pushing for a combinati

retailer joseph a. bank warehouses $1.5 billion takeover bid saying the offer undervalues the company. men's warehouse calling joseph a. bank's decision surprising and will consider all options to make this merger a reality. shares of both companies are moving to the downside today, so the question we have is will this deal ever get done? let's start talking numbers. on the technicals carter with oppenheimer, on the fundamental, pat with cap teva. great to have you on our show. pat, i want to start with you, do you feel there's any reason to get involved in this takeover target? >> not at all. remember about a few weeks ago joseph a. bank was the one trying to buy men's warehouse and so this is what's called a pacman defense. the target now turning around trying to buy the acquirer. the companies will likely get together. there are a lot of cost savings and marketing and sourcing that could come from a deal. you have two board rooms battling it out with who gets to run the merged company and who gets fired o

joseph a. bank, which was trying to take over mens wearhouse. joseph a. bank will evaluate the offer. >> will it be take december to remember for investors or will it be a real turkey? oh, yes the all important holiday shopping season is now under way. what does it mean to your money? joining us now is liz dunn and mike holland of holland and company. thanks for being here today. we have a lot of questions to goat through. mike, every time we turn around there's a new record being set by the major indexes, the nasdaq hitting back to the level it was 13 years ago. what happens in december? does this run continue? >> history as a guide you would say yes. the last 50 years december has been a good month relative to the rest of the year. this year when you have 25% returns in the market, the newton's law tends to stay in motion. you've got good numbers come here from liz in the second and consumer looks to be okay but the fed is there. >> what does your gut tell you? >> the key since 2008 hasn't been a

men's wearhouse and joseph a bank. aseph a bank is evaluating bid for men's wearhouse. l options are on the table. noted a high probability that the deal goes through. that could provide benefits to hold companies. joseph a bank is also out with its earnings, coming in at the high end of its predictions. the shares are little changed. men's wearhouse is down. we will have more on the markets in 30 minutes. you will get more "lunch money" next. ♪ we are is "lunch money." streaming live on your tablet and your smartphone. i am adam johnson. today's moving pictures where the picture is the story. yemenbomb destroyed a defense ministry complex. it was followed by a raid on the facility. the attack left 25 people dead and 70 wounded. in florida, more than 40 pilot whales are stranded in shallow water. they are beaching themselves in the everglades national park. rescuers are using small boats to try to push them to deeper water, where they stand eight greater chance of survival. protesters in ukraine raised a flag as a show of defiance against the government. protests and ral

was seen as the better managed company before at joseph a bank. >> all right, our senior market correspondent on the men's wearhouse offered to buy joseph a bank. we will be back with more on the " startsand "money moves now. ♪ >> welcome to "money moves," where we focus on alternative assets. i am alix steel come in for deirdre bolton. on in hedge funds, private equity, real estate, and more, and today, it is a feel- good story, helping people climb out of poverty, the benefits of micro-financing. that speaking to a company is providing over 5 million people around the world with access to credit and banking services. i will also show you my favorite holiday out of the season. i cry every time i see it. television anday ads are analyzed. with aing on big pharma drug for attention deficit hyper activity disorder. all of that on this addition of "money moves." and the junk market is soaring this year, exceeding its reviews 2008 peak, and a big surge in demand have a lot to do with expectations about the dead. su keenan has the story. these loans made to risky companies, is that what we are loo

but this is not joseph a. bank. a made in america bowtie by looks brothers, they are crowd of it. leonardo dicaprio wore this tie -- this is from the movie. >> he took his cue from you, clearly. let's get to the front page. secretary,reasury will speak on financial regulation and plans to address the big gains in financial reform. think of it as a victory lap but he will make it clear more measures may be needed to -- strengthen the global system. this is as regulators get ready to vote next tuesday, december 10, on the volcker rule. >> any plans to ask congress for more money to enforce new rules. the problem is how do you -- >> is it too strong to say today is the beginning of 2014 and the major changes for banking? >> they already made a lot of the changes. implementation has already begun. enforcement is the next that. >> and mortgage lending and derivatives -- it does not stop once we get the details. >> 1000 pages -- are you kidding me? 950 pages. have you read it? our second front-page story, apple getting a big boost in china. assigning a long-awaited deal to sell iphones

men's wearhouse offered to by joseph a. banks. this bid was for $1.2 million. they said they will evaluate the offer. >>> will it be a december to remember for investors or a real turkey? the all important holiday season is now under way. what does it mean for you money? joining us is liz dunn. also mike holland. thank you both so much for being here today. we have a lot of questions to get through. mike it seems like every time we turn around there's a new record that's been set by the major indices. it took us 13 years to get back this. does this run continue? >> history is a guide, you would say yes. the last 50 years most of the time december has been a good month relative to the rest of the year. this year when you have 25% return the newton's law tends to stay in motion. probably another good. you've got some good numbers here from liz in a second. most important the fed is there. >> what's your gut telling you? >> the fed is there and you think that's what's really deciding? >> it hasn't been a real difficult thing to understand. the fed is being copied a

then joseph a. bankattempted to try to take over men's warehouse, that didn't work, now they're trying to take over joseph a. bank, the stock's up an astounding 62% for the date. it's too hard. i do not blame you if you take profits in men's warehouse ahead of the quarter. there's too much going on. thursday we hear from one of the hottest tech companies out there, sienna, they used to come on the show. i tried myself, i am the head booker now. this ciena quarter is going to be great, it's not going to be like cisco. heck, they're taking share from cisco, hence why this one's up 50% coming in and cisco up a puny 8%. i bet the stock keeps going higher, and that is buttress by the outstanding quarter we got from finnistar. this stock continues to trade higher and ciena will give it another leg up. the final earnings report we'll get that matters this week is from lululemon athletic. there's a ton of cross currents here. it's with the product. who will be the new ceo? worries about retail, sports apparel. t

joseph a. banks rejected a bid from larger rival men's warehouse. that no thank you came weeks after men's warehouse jeekted a $2.3 billion acquisition bid. this is known as a pac-man defense when they turn the tables. if these two clothiers get together, there's it is fourth large men's apparel retailers with more than 1700 stores in north america. >>> we go inside a start-up that helps real people get their new product idea on the shelves in a matter of months. >> this is model shops where we're making all sorts of prototypes of latest and greater quirky products. >> that and more, when "real money" continues. year, $7 million, his contract for next season. >> the problem is his son who is the offensive coordinator kyle. now, his relationship with r g3 is not good. there may be a play here, a power play with dan schneider the owner tells mike shanahan says, "i want you to stay on board, but i need you to fire your son, kyle shanahan. his offence is not working for r g3. they are in turmoil. we need a new offensive coordinator." i doubt mike shanah

then joseph a bank use virtually the same reasoning for rejecting the bid, saying it was inadequate, . at some point, don't they have to merge together in order to grow? joseph a bank has put a lot of pressure on itself. it has been talking about making acquisitions for years. >> are they going to go back to men's wearhouse again? who else will they buy? if you look at their sales, they are not that great. down 11% in the second quarter. men's wearhouse having a similar issue. , therer than wall street is a trend towards casual now. what does that mean for these companies? >> if one of them does look elsewhere for an acquisition, that is one of the lines of discussion that maybe they will go more casual and expand in that area. companiesings at both forecast to be down 2% in 2014. moving on, speaking of president obama, today's the deadline for americans to sign up for obamacare health coverage, but it has been extended until midnight tomorrow. deployedt technicians a system when traffic at the healthcare.gov site approaches 50,000 simultaneous users. one of those users was the presid

joseph a. banks rejected a bid from larger rival men's warehouse. that no thank you came weeks after men's warehouse jeekted a $2.3 billion acquisition bid. this is known as a pac-man defense when they turn the tables. if these two clothiers get together, there's it is fourth large men's apparel retailers with more than 1700 stores in north america. >>> we go inside a start-up that helps real people get their new product idea on the shelves in a matter of months. >> this is model shops where we're making all sorts of prototypes of latest and greater quirky products. >> that and more, when "real money" continues. >>> we have a look at what's coming up on "the stream." i hear you're looking at little brother, but not just any. fill us in. >> right, david. everybody has heard of big brother, but tonight we're looking at little brother. local police and their use of surveillance for counterterrorism. critics allege it's government excess and supporters say it's keeping us safe. we want them to tell us what they're thinking #thestream. >>> if you have an

home depot and men's wearhouse -- i joseph a. bank. when joseph a. wearhouse. men's wearhouse said no, no, that undervalues us. men's warehouse offering 1.5 million for joseph a. bank. that is not enough either. they want to seem to work collaboratively together to work it out. meantime, right now you have them saying you're undervaluing our company. we'll see if they can try to get numbers right. they seem to want to work together but can't seem to get numbers right. cheryl: maybe before the end of the year for tax purposes as well. we shall see. nicole, thank you. >> thanks. cheryl: well it's a deal. apple has pardon nerd with -- partnered with china mobile, the world's largest mobile carrier with over 760 million subscribers to the sell the 5s and 5c cell phones. they will begin selling in january, actually on the 11th. it is a multiyear deal. pricing has not been announced -- 17th. it is up more than 3%. 566.03, more than 17 bucks a share. a lot happening with apple. we'll talk a lot more about china. china central bank pumping cash into the econ

its currently the takeover target of rival joseph a bank. the stock fell nearly two percent...closing above 50 dollars. jp morgan chase reportedly filed for a patent on a computertized payment system that is similar to the bitcoin. the financial times reports...the bank is attempting to capitalize on the quickly expanding area of mobile and online payments. jp morgan's system of virtual cash resembles the bitcoin system with an online wallet. mail delivery is on its way out in canada. canada's post office will phase out door to door mail service in urban areas over the next five years. eight thousand postal employees will lose their jobs in the transition. "super mailboxes" will act as community mailboxes. the cost of canadian stamps is also getting steep at a dollar a piece, starting at the end of march. discovery communications is rumored to be doing some "channel surfing" shares of scripps networks rallied 5 dollar yesterday... on a report by variety that discovery is exploring a bid for scrips which own hg-tv and the food network. it woul

. >>> and the suit saga continues, joseph a bank tried to take over the larger rival, men's warehouse now, they feel the $1.5 billion bid is just too low. both of the apparel makers ended the day lower, bank at $56.29, while men's wearhouse is up. >>> and a court ruled that tiffany terminated a watch ev t venture with swatch before its expiration, it sent shares of the jeweller down, they finished at $90.50. >>> and buying a data storage company for about $374 million, the move is an effort by c-gate to expand its storage business and improve its supply chain. the deal sent shares of c-gate up to $13.28, up $2.83. >>> federal regulators are now allowing the marketers to resume the leukemia drug. they suspended sales of the drug after data showed more than 25% of patients suffered serious complications. shares rose up 9% to $7. a different diagnose is for another drug maker, shares went down for the treatment. the treatment is supposed to help patients suffering from nausea after chemotherapy, the shares dropped to $28.37. >>> and a completely different story for united therapeutic, sh

this time, its joseph a bank's turn to say "it doesn't fit." the men's clothier rejected a more than one-and-a-half billion dollar takover bid from rival men's wearhouse that sent men's wearhouse to mull over a possible proxy battle at bank's next annual meeting. both retailers have tried taking over each other but neither has made offers that have been accepted. in june, men's wearhouse ousted it's founder and chairman, george zimmer, in a dispute over the direction of the company. more trouble at target. banks including jpmorgan chase and citibank may sue target to pay for costs associated to last week's widespread hack attack. also, at least three class- action lawsuits have been filed against the retailer, alleging that target failed to maintain reasonable security procedures. last week, it was revealed that a security breach put data of 40 million target customers at risk. target says it is working closely with the u.s. secret service. swiss banks could be getting ready to "tell all." 300 banks in switzerland are considering seeking u.s. am

. >>> an attempt by fremont based men's warehouse to take over joseph a. banks was rejected today with officials saying the offer undervalued the company. the two retailers have been trying to acquire each other. in october, joseph bank offered to buy men's warehouse but it was rejected. they believed that bid undervalued the company. >>> big plans are in store for apple in 2014. the company is rumored to be gearing up to release several new devices including the iv watch. that is a smart watch that would connect with other apple devices using blue tooth. other gadgets include new iphone mad else and a large tablet. in a year end memo to company employees, tim cook said the company has big plans for 2014. apple is also expanding its customer base by millions and millions of people. it signed a deal with the world's biggest cell phone provider to cell iphone in china. that could expand their customer base by 700 million people. apple stock was up $21 a share today to close at $570. that's a gain of almost four percent. >>> well, most of the bay area warmed up a b

. >> what about joseph a bank? >> there are a couple of deals in the pipeline. will get the deal premium? it will either be joseph a bank or men's wearhouse. the question is whose management company, team gets to keep their jobs. and then we have time warner cable still out there. ter has been rattling the cages. we know that regulatory pressure has eased quite a bit. and then we have t-mobile hanging out. we should potentially see sprint, which is now backed by softbank, get aggressive about consolidation. >> one question about compensation. all of these big deal sound great, but they actually pay less. too.es were pretty flat, number one onut volume and number of deals -- these are highly manipulated -- but what happens is investment bankers are gaining more power over the traders. historically, the traders at hadman and morgan stanley been -- and they took a large part of the bonus pool. now investment bankers say it is our turn. dodd frank, your trading records have not been great. we should have a greater piece of the bonus pool pie. we are seeing those figh

joseph a bank made an offer from men's wearhouse. a bank says it is considering that in looking at making offers -- considering offers from other companies. >> number four, new ones to medication up a fraction. communication up a fraction. carl icahn has boosted his stake to nearly 19%. he has been steadily acquiring shares since he first revealed a nine percent stake back in april. speaking of bad names. slightly different than everything else? >> like you, very subtle. eropostale. bell.is the down two percent as the company reports a loss in the third quarter ended dismal outlook for next. they are dealing with cautious spending among young shoppers. >> number two, disney up nearly happened percent. raising >> coming up on our number one stock today. it is apple. up about a half% as the company inches closer to reaching a deal with china mobile. the carrier with 759 million customers has government approval to start service on a 4-g wireless network. trade, fifth straight day of deadlines. we are going to get some contacts on today

joseph a. bank rejected the one and a half billion dollar bid. the two men's companies have traded buyout offers over the past few months with each turning down the other's offer. the stock of both companies fell today. . >>> apple took a big step to expand the iphone sales in china. the tech giant signed a deal with the world's biggest cell phone provider to sell iphone in china. it will expand the customer base by more than 700 million people. as a result, apple stock rose $21.07 a share to close at above $570, a gain of almost four percent. the news from apple pushed the nasdaq higher. it rose 44 points, the dow gained 73 and the s&p added nine. >>> the fbi released the photo of an man that is wanted for a murder in santa rosa. this is a gang member that was involved in a shooting last september. he is also wanted for racketeering and conspiracy. the fbi says the man has connections in california and arizona and anyone who sees him should call 9-1-1 or the fbi. >>> this year will bring changes to the snow globe music festival at lake tahoe bec

joseph a bank reports earnings at 6:00 a.m. new york time. ening in washington on thursday? >> let's start with tomorrow possibly cleat jobless claims report. the labor department will release a new tally. bloomberg expects that number to be 322,000 up from -- and the prior week. also at 8:30, treasury secretary jack lew will deliver remarks about the next steps on financial reform at an event here in washington and on capitol hill, house lawmakers are set to look into patent controls. the bill is expected to pass. on the eighth day of hanukkah, president obama will host not the one but two receptions at the white house. that does it for looking ahead. >> thank you. it is time now for "hot shots," a look at the most compelling images of the day. the official world cup ball has been revealed in rio. took 2.5 years of testing. it is a term used to refer to brazilians living abroad and is five --ng used to do described national pride. traditionals bracelets worn in brazil. want to be lucky in 2014? the u.s. treasury can lend you a hand. it is pri

men's wearhouse, it's 1.54 billion dollar bid for joseph a bank has been rejected. y say they are not interested. plenty of retail winners and losers this holiday season. we're going to go through the list of losers first. >> they are cutting a working capital to raise stock dividends, raised buybacks, leadership has been lost. that is the wrong way to go. >> in this holiday shopping season, is it because people are migrating to other stores or online, or are we not shopping? >> browsing, not buying. walmart was notorious for having doorbusters and our team across america saw that people would go in and the doorbusters were out of stock, they had been freezing for hours. people so we were not shopping here anymore, we will go to macy's or someplace that is in stock we are going to go to amazon and shop online. that is why com score is reporting that internet sales are up 25% this season. in addition to the big box stores that are getting pounded, pennies, sears, made tier department stores. >> as those of the losers, who are the winners? >> destination malls are work

joseph a. bankting a $1.5 billion bid from rival men's warehouse. m men's warehouse says it isn't done yet. joseph a. bank launched a takeover bid to have men's warehouse turn around and make its own offer for joseph a. bank. my guess, guys, this drama not stopping anytime soon. >> nope, nope and nope. >> i've always confused him with the most interesting man in the world. >> i miss him from commercials. i liked him. >> you're going to like the way you look. >> you just did it as the most interesting man in the world. >> i confuse them. >> do you remember the one we came up with. >> no. >> i know. >> we came up with the best line for the most interesting man in the world and we can't remember it. that doesn't help us at all. >> it makes you question whether it really was the best in that case. >>> we'll take a break. within we come back, you'll want to hear what we have for you. >> stay calm. don't say a word. just be quiet and breathe. >> these are some of the urgent moments we're hearing from the

we are talking about men wear -- men's wearhouse, its takeover bid for joseph a bank was officially rejectedpeared they say they are not interested. 23 tell winners and losers this holiday season. he has there down his list and we will go through both of them starting with the losers. >> they are cutting working capital, they raised stock dividends. leadership has been lost. that is the wrong way to go. >> in this holiday shopping season, is it because people have migrated to other stores or online orzo because we are not just shopping? >> domination of the two. -- combination of the two. walmart was notorious for having doorbusters. people saw that people were going in and the doorbusters were out of stock, the re-freezing for hours. people said they were not shopping there anymore. they would go to macy's or someplace that is in stock or we will go to amazon and shop online. that is why they are reporting that internet sales are up 25% this holiday season. in addition to the big-box stores that are getting pounded, jcpenney's, sears, new here department stores. >> that has been painful. if

joseph a. bank a takeover bid and men's warehouse coming back. >> we can see the drama play out before our eyes. >>> coming up here on "early start," a tragic scene playing out in texas. a husband in a bitter battle with a hospital to take his wife who is brain dead off life support. why they are refusing. that's just ahead. i'm nathan and i quit smoking with chantix. when my son was born, i remember, you know, picking him up and holding him against me. it wasn't just about me anymore. i had to quit. [ male announcer ] along with support, chantix (varenicline) is proven to help people quit smoking. it reduces the urge to smoke. chantix didn't have nicotine in it, and that was important to me. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these, stop chantix and call your doctor right away. tell your doctor about any history of mental health pr

liz: retailer, joseph a. bank, we talked about this, rejecting a $55 per share offer from rival men's wearhouse. bid on you, you bid on me price story. they said that the offer significantly underpriced value of the company. david: consumer sentiment climbing to 82.5, this is from 75.1, a five-month high sentiment. pickup in employment, higher property values, stock market gains all were reasons for improving sentiment. >> the obama administration has extended today's deadline to sign up for health insurance by one day due to high traffic on its online enrollment system. the deadline to enroll in plans beginning january 1st is midnight tomorrow for most of the u.s. "after the bell" starts right now. david: for those who thought we would have a sleepy couple weeks before the first of the year, wrong! we got a big, booming market here. let's break down today's action. bob phillips, spectrum group managing principal will tell us why he is keeping a close eye on interest rates. mash luschini, janney montgomery scott e

joseph a. bankook -- >> no, that's the other one. >> they've rejected the acquisition proposal for mens wearhouse. joseph a a. bank's board said it significantly undervalues the company and the near and long-term potential. but i would suggest to you, don't hold your breath on this one. actually, hold your breath because you will be able to breathe again, these two companies will merge at some point very soon. men's wearhouse tried to buy joseph a. bank and they're not happy about the price. it's called negotiation. >>> phil lebeau goes under the hood of the auto industry. check out the futures right now. another santa claus is coming again today, up 83 points. >> why? >> why not? in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity inve

first joseph a bank offers to buy men's wearhouse, and then men's wearhouse offers to buy jos. e the latest on this takeover dance between the 2. kobe bryant is getting ready for the return to the lakers this weekend. he told us about the team he would like to be playing for. ♪ >> the biggest gold miner in the world is shaking up its board. alix steel joins us now. how important is this move? >> in so many ways marigold is synonymous with peter munk. he is seen as the godfather of the industry. by johnbe replaced thornton, a former goldman president. a banker will be at the helm of a gold company. barrick is nominating new independent directors which pension funds were positive on. the big changes happening under bad circumstances. gold prices falling 27% this year, barrick having to take a forcelion write-down, and one of its developments in the mind in the andes. what is the kind -- what does the company wind up looking like? to improveriority is its gold operations but it can also be a world leading company and other minerals. td securities says this might concern some invest

a. bank's aid joseph offer is compelling although it a.now offering to buy joseph bank. a lot of back and forth between the two companies. optimism that g the talks are continuing. the retail or industry report facing more price conference shoppers with bringing in -- black friday bringing in less last year. the high end market is feeling the same. a person 'm joined by who covers all things retail. interesting. this is a change from what we have seen. held up opper has pretty well. what is changing? the economy is getting a little right?, >> the economy is getting better and you look at the balance nsumer and up.et and it a stocks are i think it is not that they don't have the propensity to spend. fickle. just being do i need this or want this. o i have to have this $2,000 dress or can i get a $400 dress $200 handing th a about. >> how are we seeing the and how of this dramatic is it? >> is it not to say it is luxury won't have a good christmas. what they the past is in is ount, whether it nordstrom with 40% off or saks discounts to ing get customers into the store whic

joseph a. bank rejecting the takeover offer.ual significantly underv undervalued. >>> today is the last day for people to sign up. >> jared bernstein is the chief economic officer. republican congressman from georgia, representative phil beginni begin gree. we were having a conversation as to whether or not people know that today is that very important deadline if they need coverage from january 1st. i see that the traffic on the government's federal website. >> if they don't sign up today and if they don't get through this healthcare.gov or whatever government website that they are try tog get on or maybe even through the states, the state of maryland is having a terrible time. they have their own exchange and people having a horrible time. the governor there, o'malley, is complaining profusely about that. if they don't get signed up and they don't have coverage in january, they can continue to sign up until the end of march. what happens if they get run over by a mack truck between january 1st and march the 30 th they are not

joseph banks. that is the kind of relationship that these two companies have. trying hard to collaborate and finding anks, 2.3 billion, men's warehouse thought that was ridiculous and not enough. now you have men's warehouse offering thhm 1.8 billion. and they are saying that you're clearly undervaluing our company. in the meantime, they are trying to continue to work together. but joseph banks is trying to reeiew the strategic options. but the idea is that it would be great for those companies and it's very difficult to get these numbers right because they clearly think that they are more valuable than what the others are offering. adam: thank you very much. and super frustration over the holiday hack. this happened as evidence rises that fake cars are coming into the market. with more on this, we have the bottom line with elizabeth. select talk about this. >> fears are mounting on the part of consumers because of what is happening. we still don't know the details and what caused the breach. we spoke with law enforcement as well and there is a concern of a serious security breach and the fact that it

a security assignment at the bank. as well as monitor a protest that was going on outside. where there was over 50 participants in the protest. a career criminal by the name of joseph hike, chose this day to commit a robbery. mr. hike has been arrested 21 sometime -- 21 times in the city of san francisco. mr. hike produced a handgun to a teller face and ordered her to put all the money in the paper bag as he held a gun to her face. officer simmons was inside the bank at which time he observed there was a robbery in process inside of the bank. officer simmons immediately notified communications and called for back-up. knowing that he was inside of the bank, officer simmons turned off his radio not to alert the suspect and knowing that dispatch acknowledged that he needed emergency assistance. officer simmons then developed a plan on how he would get closer to the suspect who was committing the robbery. officer simmons took up several differen

a suburban office complex. >> the bank was fairly steep. >> medical examiner joseph burton had to hold on to a rope to get downo the scene. >> he had a ligature mark on his neck like if somebody had a ligature and they were behind you or off to the side behind you and they closed their hands or fists together and pulled the ligature, basically. >> in other words, killed from behind. >> most likely, yes. >> all right. let me place another sample on this side. >> state crime lab scientist larry peterson attended the autopsy. >> i can recall at one autopsy pulling a fiber off of one of the victims. it was a green carpet fiber and mounted the sample on the slide went over and looked under the microscope and it's the same one. >> you knew right then? >> knew right then. >> apparent it's another victim of atlanta's child killer or killers. >> local television carried these pictures live from the crime scene. >> as it was studied it was apparent it was one of the three children listed as missing. we're told the child's body -- >> sheila baltazar got a call from her mother. >> she say, they found another body. she say

the fbi says the suspect tried to rob a bank teller and failed before robbing a customer at an atm prompting the shootout with police. 27-year-old officer josephs killed. the eight-year veteran leaves behind a wid owe and two young children. police cars form add procession in his honor at his funeral on friday. >> a senseless tragedy. out of respect for all the law enforcement and particularly the one who died, we wanted to come and show our respects. we brought our flag from our house. it's just a tragic thing. >> reporter: a few hours before arriving, investigators say the suspect tried to rob another bank in atlanta, georgia but failed. the fib describes him between 5'8" and six feet tall, a slender build. he may have fled in a gray sedan, a chrysler 200. a $200,000 reward is being offered for information leading to his arrest. >> thank you so much. >>> 300 teenagers flooded a new york mall the day after christmas and it wasn't for the bargain prices. they wreaked havoc on stores before being escorted out. this was no ordinary flash mob. >> reporter: flash mobs are typically associated with fun, people dancing and singing in public places.

joseph, this is first national bank stadium. soccer stadium, where the final game of the world cup was played in 2010. it was the last time nelson mandela made a public appearance. people are streaming in here. there's a lot of indian faces. and then we saw this face. this woman has come here from dong democratic republic of congo and when you heard that nelson mandela died you made in beautiful death. >> thank you very much. i'm staying here. i'm usually here. when i heard that he was admitted to the hospital i couldn't stay in congo. i came. it's a pleasure for me to be here >> you are not sad. people are not crying. >> no, i'm not crying because he lived a nice life. he's trying to educate these good ideas and values of freedom and democracy. he was hope to reach that. >> why are you here? why do you care? you're from congo. . >> no, nelson is not from congo or south africa. he's for all the planet. his ideas are especially for everybody. he is a good memory of nelson mandela. [ inaudible ] >> i have to ask you - this is your real hair, right? [ laughter ] . >> it's my real hair >> you've been out here long enough, you are cold and wet so g

thought during a similar confrontation with a bank robbery where investigators believe was committed by the very same suspect. a second tupelo officer, josephains hospitalized but authorities say his condition is improving. back to you. jon: our condolences to the family of officer stouffer, thank you. arthel: white house claiming major progress on obamacare. a million people signing up through the federal exchange thus far, a dramatic increase but still far short where the administration thought we would be by now. many questions remain what will happen with the health care law in the new year as people actually begin using their insurance. joining me now, to answer some of your questions, michael mahoney, senior vice president of consumer marketing at gohealth, a private company that helps people sign up for insurance. michael weinberg, senior policy advisor to the bay area council, and obec roy, senior fellow at the manhattan institute. good to see awe you will gentlemen this morning. >> thank you. >> nice to see you. arthel: we'll let you field the questions. i'll go with you, michael, go with you first here is something from at scooter

bank in tupelo. police say a short while later the suspect, possibly with one or more accomplices, gunned down police officer gale stauffer and wounded josephaura. >> we have a number of law enforcement agencies that are working in unison, in a unified manner to solve this heinous crime. >> reporter: authorities are looking for this man, they call a person of interest. this photo taken at a convenience store by a security camera just before the bank robbery. and another video shows what police say was the suspect's car as it left the parking lot after the robbery. >> i want to, again, publicly appeal to all citizens. if you have any information, please get that to law enforcement. >> reporter: in tupelo this christmas weekend, normally a festive occasion, there was a candlelight vigil. and flags lowered to half-staff, in memory of officer stauffer, an army veteran of the iraq war and the father of two young children. >> i'm at peace with gale because i know he died doing what he loved. overwhelming outpouring of love and support that this community has given us, has helped us make it through. >> reporter: there's now $162,000 reward for inf