the deal comes after joseph bank flirted with a merger with men's wearhouse. >> that is joseph banks ayed hard to get with men's wearhouse. mr. banks had tried to buy men's wearhouse. setting off. but down on one knee for eddie bauer. eddie bauer practically invented the down coat in the 1930's. now owned by golden gate capital. the retail veteran advising joseph banks on this deal. he told us this was the first company they looked at two years ago. >> we believe they fit with eddie bauer. joseph bank was superior. it is a growth business. it had been taken over by golden gate after bankruptcy. all of the attributes joseph bank has in terms of management, they have two of the best -- >> you represent joseph bank in your long career. are you saying eddie bauer is not a brand that has been a train wreck for a decade? >> it has had problems. they hired mike egeck, the guy that built columbia and north basin to a terrific company. he and his people are great marketing people. this team is going to be fantastic. >> what is eddie bauer doing correctly now that makes it so attractive to jose

joseph bank was superior. it is a growth business. had been taken over by golden gate after bankruptcy. all of the attributes joseph management,terms of they have two of the best -- >> you represent joseph a bank in your long career. are you saying eddie bauer is not a brand that has been a train wreck for a decade? >> it has had problems. egeck, the guye built columbia and north basin to a terrific company. he and his people are great marketing people. this team is going to be fantastic. >> what is eddie bauer doing correctly now that makes it so attractive to joseph bank? >> they have gone back to their roots as an outdoor company, as a sportswear company. they also have children and men's. it is going to give joseph bank the ability to expand into new categories, gain an international presence. there are meaningful cost synergies. >> gilbert, stay with us. bert, i want you to reply to this. gilbert harrison looks at the financing. you look at traffic. are you seeing better traffic and merchandising at eddie bauer? >> eddie bauer is

of a bank and now joseph a bank says we are going for eddie bauer. deal, with all the news, joseph a. bank is reiterating the numbers, actually below the analyst consensus estimates. looking for some kind of wonderful accretive deal helping joseph a. bank make money, burt flickinger, it does not appear this is it. >> to tom's point this valentine's day, eddie bauer is the bad bridesmaid in terms of the business deal. >> on my agenda, i have to go back to frank underwood or claire underwood -- "house of cards" made its second season this morning, and if he actually got up early like phil mattingly did, he watched one episode already. this is a big deal for netflix of course because original content is the direction it needs to move in because it pays so much to all the other content producers for the content five years at a time before it expires. >> you really think -- i have not watched it. >> seriously, tom, of all the , orangesownton abbey the new black, this is my favorite. can speed through it in your limited time off and get it done in a day. >>

joseph a bank will buy the eddie bauer brand. the deal comes after joseph a bank flirted with a merger with men's wearhouse. why are we so obsessed with using the word merger? i think joseph a banks i think i want to flirt with that. cristina alesci is here now. you talk about men's wearhouse, joseph a bank. forust to make clear viewers what i am talking about, because it is part of the bloomberg way, there is no such thing as a merger. >> it is one the company acquiring another. >> was it a good purchase? >> no, investors are reacting pretty negatively. shares in the premarket were dropping for joseph a bank. it looks a little bit confusing. bankmonths ago joseph a made an aggressive quasi-offer. now they are going into a completely different business, the casual down market. >> i didn't know eddie bauer still existed. >> it was not a publicly traded company. they got the listed when it was taken private -- got delisted when it was taken private. a banks is leaving itself out. we can back away with this deal with eddie bauer if s

joseph a bank really debt out of men's wearhouse? >> my sources say that joseph a bank probably would not have invited men's wearhouse back to the table if it were not entertaining a deal at $65 per share. at whichs the price the parties can come back together. of course that would mean that joseph a bank would have to walk away from its yield to i eddiebauer and pay a breakup fee which is also a source of scrutiny. it seems like a big mess at this point. >> where does this leave joseph a bank us current dance partner, if you will? >> the most competent a part of the deal after the two parties agree on price, it might be antitrust. joseph a bank could demand some high protections from men's ifrhouse to make it whole regulators do not approve of this deal and that in turn may make men's wearhouse walk away from this deal. it is very far from being done. whath a bank could amend is called a hell or high water provision is very unusual which would force men's wearhouse to close the deal with them even though regulators did not give it a

men's wearhouse has been trying to buy joseph a bank. bauer would make them so big that men's wearhouse could not afford to buy them. some of the headlines are saying that joseph a bank has gotten permission to actually get out of the deal to buy eddie bauer. bank is willing to talk to men's wearhouse again. the latest bid was $63.50 per share. joseph a bank shares are rallying up. it looks like jos. a. bank wants to hold out more but they're getting closer to a deal. >> thanks. my next guest spent seven seasons playing for four different nfl franchises. when injury cut michael stone's career short in 2007 he switched his focus to an alternative franchise. he founded the professional athlete franchise initiative, a program for retired athletes. also joining us, the president of title boxing club, john rotche. john is also a former football coach with the university of michigan. thank you for being here. what was the injury? >> i was playing for the giants and had a hip injury in the preseason. week five i decided to have the surgery. that

joseph a. bankeed to buy eddie bauer for $825 million in cash and stock, but it does not mean an end to the acquisition chatter. joseph a. bank says it could back out of the deal if it receives a buyout offer it feels is superior. hmm. checking shares of men's wearhouse and joseph a. bank, joseph a. bank is up 50 cents, men's wearhouse down, look at that, a drop of more than 5%. >>> well, freeing the bluebird. nearly ten million shares of twitter will be set free tomorrow as the lock-up period for shares owned by non-executive twitter employees expires. nicole petallides is at the new york stock exchange with the details on how the microblogging site is moving. >> reporter: well, this is a big deal, sandra, when you start to talk about shares being unlocked, basically, where the insiders -- and in this case the non-executive employees -- will be able to finally sell off some shares. you remember the ipo, we've seen twitter under $40, other $70 -- over $70. right now it's at 57.40, up about 1.5%, so

men's wearhouse boosting its offer for joseph a bank. >> this is after joseph a bank said it was buying eddie bauer two weeks ago. boosting itsse is offer to $63.50 per share. that is contingent on the acquisition of eddie bauer clothing. it could increase the offer to $65 per share if it is able to conduct a limited due diligence. the original offer was $57.50 per share in cash. it has boosted that offer, conditional on the acquisition of eddie bauer. this amended effort offer expires on march 12. these two companies have been back and forth on various attempts to buy each other. this is the latest shot slung across. thank you so much. scarlet fu there on men's wearhouse. moving and shaking this hour, defense secretary chuck hagel who wants to cut the army to its smallest size since before world war ii -- the pentagon releases its proposed budget today. hagel called for cutting the army from about 570,000 troops to as few as 440,000. he wants to eliminate the a-10 attack planes for the air force. the budget is likely to run into and theon in congress defense department. we have a great

joseph a bank agreeing to pay ou eddie bauer. they have a venture prize value of $25 million. joseph a bank has been fending off a takeover bid by men's wearhouse. .8%.factoring output fell the fed put some of the blame on bad weather. it has not been this bad for the airlines sense hurricane sandy in 2012. more than 14,000 flights have been grounded this week because of storms in the south and northeast. more snow fell overnight in new york and boston. we move over to washington. comcastrt to slow this takeover is already underway in full swing. peter cook has more on the lobbying battle to come. the sales pitch has started in earnest. >> it absolutely has. comcast reaching out to the regulators and lawmakers who say and in the way in th of this deal. they're moving aggressively to face competition concerns raised by the steel. -- perhapsg it more making it more palatable to regulators. keep market share below 30%. that best 3 million subscribers -- divest 3 million subscribers and committing to net neutrality . no discrimination over content in their networks. this is an nbc

joseph a. banks has asked for the best and the final. and how big of a positive is it? viewed overall as a positive, and then this question, is joseph a. banks really going to try to get the last penny out of men's warehouse as they should, or are they trying to look good? they have a court case in less than a month in delaware and the hearing tuesday did not go particularly well for them, and are they trying to put up a fact pattern for that? but they did put up a stiff arm. and on structure, we'd like to see perhaps some stock or at least investigate the idea, but then the response from men's wearhouse, and they indicated that the advisers for joseph a. banks and they want all cash and we are trying to figure that out, and some people were positive on joseph a. banks to engage in the fact pattern, and this is beyond a judge in delaware to go beyond that, and that is to say we don't know. and they are willing to throw in the stock and maybe to 67 and maybe a deal done, but with 65, and that is it. it is hard to imagine that they will get a deal done. >> and where the he

joseph a bank moved to new record high, 60.14 was the annual hi there. i% gain for joseph a bank. house basically pressed on with its bid, boosted by more than 10% despite the facts joseph a bank has been trying so hard to stay independent. actually on its way to acquire eddie bauer but men's warehouse says listen, we will give you more money. 63.50 per share. you better jump out of the deal you are working on with eddie bauer. if they are able to conduct their due diligence, might even boosted to $65 per share. they are dangling the carrot big-time. david: a bid to buy 51% stake in the company. telling us on friday believe it was the company was worth a lot more than that. take a listen. >> i believe the back of the envelope to answer the question is somewhere north of $25. liz: the stock is still around 17, so what is behind gm for the troubled bookstore and is the company prepared to increase a e bid for the majority stakes? let's ask. what is the answer? you think you're priced in $25 per share, are you okay with that? >> we offer $22 per share as part of the recent proposal fo

. >> man's clothing retailer joseph banks will by outdoor clothing retailer for a hundred and $25 millionthe company says they have been pursuing them for two years in an effort to boost shareholder value. best known for men's suits and tuxedos. they will make the first move into women's apparel and footwear. most americans plan on saving those tax refunds that they are expecting. this statistic from in new tedium their trades survey. 61 percent of americans say they will save or invest their refunds. 21 percent plan on paying off their debt. 18 percent going to spend money on necessities. of those surveyed 19 percent say they will make nonessential purchases. the average tax refund last year was just under $3,000. >> the group of women at high risk for blood clots. the bulls are heading into the all-star break with a three game winning streak. the bulls up 10 in the first. a turnover leads to a fast break. carlos boozer returned after missing three games. the finished the game and 17 to 4 run. the first time since the injury. formerly a source of manager dead early this morning. it was 7

plus, joseph a. banks buying eddie bauer the deal worth $830 million this comes as the retailer is still fighting off a hostile takeover attempt from its rival men's warehouse. and 8 isn't great for microsoft. the company announcing windows 8 sold more than 200 million copies since its launch 15 months ago but below what had been anticipated for sales in the first year. >>> all right, we'll start with the weather. northeast looking to dig out from another snowstorm, thousands more flights delayed or canceled today, according to the associated press snow and ice storms this winter have led to the highest number of flight cancellations in more than a quarter of a century, 25 years. you don't even have that many quarters of century in your age. >> jimmy carter was the last guy that caused that weather to be this bad. remember the malaise he caused. >> he had impact on the weather, too. >> and he wore a sweater vest, they've never come back. >> no. leisure suits have not really made a return. >> i want to spi

joseph banks spends valentine's day looking for love. eddie bauer selling his warehouse.s using a firm in costa rica to stop the potential coffee-pocalypse. california is in the worst drought ever. in today's wild card, love and

the largest shareholder in men and joseph a. banksoing after two directors, the ceo and chairman up at joseph a. banks. but this is -- that and the letter that came out saturday night from joseph a. banks all of the reasons men's warehouse, you're not what we're looking for. negative everybody if you're expecting that these two are going to get together. >> is eddie bauer -- i remember they -- it's one of the brands in the '80s a great stock for a long time. >> went bankrupt. >> lost in the shuffle. too much debt. >> golden gate purchased it. thought decent private equity firm there, probably had taken a lot of the cost out of the business already. so how much upside is there? >> yeah. >> you have questions in terms of the overlap which doesn't seem to exist a great deal. one's casual, one's not. >> right. >> and the idea that there may not be as much upside if you think golden gate's a good aq acqui acquirer. >> this would be a terrific combination, but i guess it wouldn't be good for cnbc. let's keep them apart. >> i thought we -- >

. >> pop for joseph a. bank. >> yes, get another chapter in this very long, interesting saga. think this offers $2 more if they get to see data, it's really interesting. we bought some stock, sold some april calls against it. i think the pressure on joseph bank is really almost unbearable. >> pop here for delta airlines, up 2%. guy? >> we've been on this $40 price target. i don't know if it gets there, but i think it gets to $35. i think the momentum is there in the space. >> ebay? >> yeah, carl icahn out today talking about ebay. >> the carl icahn? >> that's who it is. he's had the hot hand, the carl. he's been doing very well. and in this, i think he's right. paypal will not be able to compete in a couple of years. unlock that value. i think he's right, at 56.30, you go along and buy. >> wow. i wouldn't have guessed that. that's for sure. >> no, not from bear suit man. >> taco bell's breakfast menu. the mexican fast food chain rolled out -- mexican fast food? really? nationally starting march 27th, it will be available until 11:00 a.m. half an hour later than rival mcdonald'

banks tightened credit standards after those same sub prime loans figured the financial crisis. wells fargo is looking for more sources of revenue after refis slow. >> josephwed to cancel the pressure if it reaches a deal with men's warehouse. >> the cold weather seems to be good for campbell profit, saying earnings rose 71% in the last quarter. soup sales jumped 5%. >> we're going to find how upbeat consumers are about the economy. today's report on consumer sentiment follows disappointing data number that came out on retail sails and the labor market. they expect a small improvement in consumer optimism. >> looking straight now to wall street, looking at a mixed opening ahead of data, do you futures up just a point, the dow kicking above the key 16,000 level, s&p 1829 nasdaq at 4,240. asia markets ending higher after inflation data out of china remains steady. european markets are higher after encouraging economic growth data. >> russell simmons passionate when it comes to ending the war on drugs. he talked about it with soledad o'brien. >> the war on drugs has done more to destroy the fabric of the black community than anything we can think of. not the

eddie bauer is bought by joseph bank which itself is being pursued by men's warehouse. >> and mike niccong the rain which is a big deal because the chinese new year parade is tomorrow night and you know what the joke is, or, not, joke, but saying. >> it never rains in southern california and it always rains on the chinese new year's parade. >> we have a thousand flight cancellations today and 7,000 yesterday. before we get to our weather, if you traveling this holiday season, we have snow skirting st. louis and it will go south of chicago and up the eastern seaboard. the snow will be further inland and more likely rain in new york, philadelphia, and boston. most of our rain, the atmospheric river is to the north and that is where it will stay. across the golden gate bridge you can see condensation at deck looking at the cars coming in from marin county it is it is fy but not so foggy on the bay bridge. mid-50 throughout our inland east bay valleys and livermore is warmer at 57 and everyone in the mid-50 this morning. it is very mild. san jose the fog is not so thick as yesterday as we lo

men's warehouse will not give up its pursuit for joseph a. bankss own bid to buy eddie bauer for $25 million. a san francisco equity firm is willing to pay the $48 million termination fee to do that. joseph a. banks started all this last fall when it tried to buy men's warehouse. it since turned the table on its smaller rival. word out that netflix will pay new fees to comcast with better streaming service to its customers. this has been an issue for netflix as it held out paying higher fees to broad band providers. it reported streaming service on verizon's fios service was 14% slower in january, leading to further fees between netflix and other providers. shares pretty flat this morning, investors not minding just yet. the stock market off to a pretty good start on this monday morning. let's take a look at the big board and see how we are doing. the dow up 82 points and the s&p 500 is up by 9. >> >>> and time now for a peek at traffic. how are we do something. >> yes. meters were turned on earlier than normal this morning on the bay bridge and th

joseph a bank announced it will buy eddie bauer. is owned by private equity firm golden gate capital. in the context of this four-month fight between joseph a. bank and men's wearhouse. the critics of the deal have get that bank is trying to bigger to defend itself from a hostile bid from men's wearhouse, and that it is not a good deal for the company because it doesn't make any sense. there is no synergy between eddie bauer and bank. on the other hand, the bank side is trying to defend itself. >> what does men's wearhouse do now? >> that is a good question. a lot analysts say that this puts men's wearhouse up against the wall, and potentially presses them to make a higher offer than they made before. maybe bank is doing the right thing by toying around with the steal freddie bauer. deal for eddie bauer. >> most of the people i talked about that men's wearhouse was in his longer competitive position, that management-wise they were stronger. market position-wise they were stronger. >> in terms of market position and balance sheet they

joseph a. bank is acquiring eddie bower for more than $800 million in cash and stocks. talks will be rooub roumored ea this morning. joseph a. bank does have the right to end that agreement if it receives an acquisition bid that et feels would create more shareholder value. joesest a. bank and men'swearhouse have made bids in the last few months. andrew, you've had some pretty strong thoughts about this move when it was first rumored that it might be happening. >> this is the talk to the hand because it's -- >> nanny, nanny, nanny. >> yeah. craziness. we can talk about that more in just a moment. we've got some frozen-nomics to talk about first. the unusually harsh winter will be trimming 0.3 percentage points from gdp this quarter pulling q1's annualized growth rate down to 2.2%. the weather has closed businesses. it's disrupted transportation supply chains and kept a lot of shoppers at home. among the other drags on the economy, energy bills as consumers have to pay a lot more to keep warm. the ge

unit, which has about two point $2 billion in annual sales, and finally, the menswear business, joseph a bankt's get another offer from men's wearhouse, higher than the last one, so these are rallying. and it is said that the stock could go higher in joseph a bank drops the eddie bauer offer. >> carl icahn is using fighting words in his latest letter, saying the ebay paypal division should be spin -- spun off. he wrote, we believe in any sane business environment, these directors should resign immediately from the ebay board either out of decency or sheer embarrassment out of the exposure of their self-serving activity. we are talking about the man this letter,enned carl icahn. always good to talk to you. we know you have taken aim specifically at some, including mark andreessen. why do you say they are not working in the interest of ebay? >> well, i have been through a lot of these over the last 30 or 40 years. i sent the letter, and i mean it. i have never seen one as blatant as this. you know, we have seen a lot of were but, i mean, if it not sad, it would be funny. this is one of the prob

still no deal between joseph a. bank and men's warehouse, rejecting the latest bid from its rivals saying it still undervalues the company. men's wearhouse says it could raise its offer, and joseph a. bank says the company is in talks to buy eddie bauer. no deal imminent as of yet. hover hour first of the month or at least the first workday of the month, you know what that means, auto sales. january sales are out, things looking a whole -- well, let's say they're looking bitter. i thought that said better. bitter for the month of january with big storms across the u.s. really the automakers. send it down to jeff flock in illinois with all the nebs. >> reporter: >> reporter: bitterly cold weather in the mid and storms in the southeast, so not that great either. we're behind the wheel with our old friend woody who has just opened a brand new dealership here in naperville. take a look at the best and the worst of this month. we're on the back lot of the dealership now. hey, woody. take a look at who won and who lost. chrysl

joseph a. bankonths and yet now we have a new headline, one we have heard about that joseph a. bank is moving forward and going to buy any bauer, another men's retailer with $825 million in stocks. joseph a. baker is down 1/2% at $54.70. what is interesting about this, an inkling this might come to fruition. joseph a. bank trying to buy men's warehouse aad men's warehouse trying to digest of a bank and as of a bank went ahead to eddie bauer. we will see what happens from here. sandra: thank you so much. smacked down on the heels of those massive data breaches at target and neiman marcus, a postal retailers responsible if hackers breach their systems taking the burden off of the bank. rich edson is with us on that story from washington. >> thanks and merchants announced a new cybersecurity partnership they plan to share information and push better security. the problem is retailers and banks are at odds over significant multibillion-dollar dishes. currently banks pickup fraudulent charges of the debr

fremont-based men's warehouse at acquiring joseph a. banks. we turn to hampton pearson. good morning. >> how you doing, yeah, joseph a. banks says it's willing to meet with men's warehouse even though it rejected the latest takeover bid. offering 63-50 a share. turning to futures poised for a negative open after the s&p 500 closed at a record level yesterday, nasdaq ending the day at 14-year high. major indexes are on pace for a positive week. back to you and have a great weekend. >> you too, hampton. thank you kindly. >> the latest storm helping california's water supply but experts say don't let your guard down. the situation is still critical. the snowpack survey found the snowpack is 24% of average for this time of the year. the good news is sierra will get a little more snow with the current storm that is moving over california. most of california getting hit by this rain today. down in malibu there are rock slides on the highway. a section of the highway closed for safety. a fire last spring burned about with 24,000 acres of land above the highway, and that really e

joseph a bank rejecting another offer from men's warehouse. nicole: we know these two are intense rivals both in the men's suits business, i have tried to take each other over, and we are currently now in the line here where joseph a bank says to men's warehouse once again we are rejecting another one of your offers. we saw men's warehouse make an offer, 57.50 per share saying they could actually sweeten that, we could sweeten it a little bit and they say no thanks, we think your offer highly undervalues our company. it does not serve the best interest of our stockholders, and they are not going to commence negotiations, so that is it. no way, no how. connell: cleveland feeling no te love, getting dumped as a hub. slashing daily flights in the region eliminating 470 jobs. united ceo says a letter to employees the hub has not been profitable in more than a decade and lost the airline tens of millions of dollars in recent years. take a look at th shares of the parent company, netted continental, today. connell: a state fire marshal in maine look

bank. they rose their offer 10% to $1.8 billion, and could go .igher it is a battle that began in october when joseph a bank offered to buy men's wearhouse. out in silicon valley, the word is going on with the markets, it is time to cash in and go public. ipo to considering an just a number of companies .onsidering this ipo path with us now is jon erlichman. he is in los angeles. he broke the roku story. david menlo.is david, why is this happening now? >> the prime example is what happened with facebook and whats coming upf the blue with a valuation of $16 billion. anything along that kind of technology, people think they can get 2x, 3x of what they thought. new fundingived back in may. any idea why they did the ipo now? >> it may have less to do with those vc's meeting their money back now. it is more about the opportunity resented as the business gets bigger. we are seeing roku and the apple cast, ae, google crone lot of these streaming devices, so the market is getting bigger quickly. our understanding is, in the case of roku, something they think about is, if we could be public, we can beat up yo

. >>> joseph a. bank refused the offer again. the $1.5 billion bid under estimates the company and there is talks they are in talks to buy eddie bauer. shares of bank and mens warehouse tumbled today. bank to $53.39 and mens warehouse to $44.31. >>> l brands, the market of victoria secret and bath and body works raised the annual dividend by 13% and declared a special dividend of a dollar a share paid on march 7th. still the stock was down nearly 3% to $50.87. >>> markets are selling off and investors rotating money into bonds. there is one upside, mortgage rates. they are ticking lower but with friday's job report looming, is it time to lock in your rate now? diana olick gets answers. >> reporter: this winter's wallop sent a chill but helping borrowers by pushing rates lower. they are buying bonds sending yields lower, mortgage rates follow the yields. >> some are viewing this as an anomaly so far. it's really only limited by how bad the situation gets for equities and the other markets that investors are leaving. >> reporter: l

. >>> men's clothing retailer joseph a. banks has reached a diehl to buy eddie baur.en fighting over a hostile takeover attempt from its rival. it will pay $825 million to san francisco-based golden gate capital which purchased eddie baur in bankruptcy in 2009. >>> baseball season just around the corner as the giants pitchers and catchers report to spring training in scottsdale, arizona. today they will undergo physicals and begin workouts at the stadium. on tuesday, the full squad will report for practice. in phoenix, pitchers and catchers for the as are reporting to the first day of spring training. they will be joined by the rest of the team next wednesday. the as will pay their first spring training game against the giants on february 26th. >>> president obama is expected to speak about ways to help california's drought this afternoon. we have two crews breaking down all of the headlines of the visit and we'll be digging deeper into what that's announcements really mean for californians. that's coming up tonight at 5:00. >>> thank you for making ktvu your choice f

joseph a bank in talks to buy eddy bower. ws of the team amid a 5-month battle between joseph a bank and men's house. >> rates for family plans are cut. plans with 10 gigabytes of data shared with two or more phones on a single account. savings $10 per month, per phone. this is an total to get customers to pay more overall. nine out of 10 americans identify as a part of the middle class or aspire to be. after years of economic recession many families are squeezed after job losses, stagnant wages and rising costs. we look at the struggles facing america's middle class. >> today's middle class is under pressure. >> i feel like i'm on a treadmill. i'm sueding. there's nowhere to go. >> one little setback and you are both going to sink. >> 44% of americans today say they belong to the middle class. that's down 9 points from 53% of americans who identified themselves as meddle class. millions of middle class families found themselves underwater on loans or facing foreclosure. millions discovered that a college degree is not enough

. >>> and joseph a. bank has rejected men's wear house's latest takeover offer. it said know to the bid but did say it's willing to consider a higher offer and will meese with men's wear house to discuss price. shares of both companies rose today during the regular session and popped after hours on the news. >> that is the takeover deal that won't go away. >>> turning to health news and some big changes coming to nutrition labels on just about everything you buy at the grocery store. the agriculture department has now proposed new calorie and added sugar listings on many popular foods to more accurately reflect the portions that americans eat and how much fat and calories we're actually taking in brace yourself. bertha coombs has more. >> reporter: the white house used its best-known health advocate to announce its new labelling program, the first lady. >> as consumers and as parents, we have a right to understand what's in the food we're feeding our families. >> reporter: the format change calls for a larger emphasis on calories with a label representing the act

. >>> after a series of back and forth buyout offers with men's wear house, joseph a. bank said it would buy eddie bauer in an effort to stay independent. bank is buying the privately held company for about $800 million because it said the deal provided better shareholder value than buying or selling to men's wear house. the chain upped its share buy-back plan. the stock rose sleetly to 55.12. >>> there are reports that the u.s. speed skating federation is requesting to switch the team's suits which are designed by under armour. the team is trying to make sense of its poor performance and now the speculation has turned to the competitors' new high-tech suits. the uniform was designed by the sports retailer with help from defense contractor lockheed martin. shares fell more than 2% for under armour. >>> big companies aren't the only ones the that pay attractive dividends that grow over time. small and medium-sized companies do too. jill coniff, president of edge asset management, good to have you with us. >> thanks, glad to be here. >> why are dividends so important to you?

then you have joseph a. bank and men's wearhouse. >> i sent him to all those places. with him. love men in suits or jackets. no question about it. in all my research through the years. best --ng like a well well-dressed man. i agree. >> i think the look is a little different. they are finally finding out super cool. you can dress it with a prince, like i am wearing, and with a tie. but the shape has to be a little narrow, a little more shapely. the panther little shorter. are modern fit -- the pants little shorter. a more modern fit. >> very high, exclusive men's suits -- thousands of dollars. 2000 -- >> and then you have men's wearhouse. >> and nothing in between. we thought it would be a cool way, since we are all interested it -- in it, and we put a team -- and weust to do are very happy. >> aside from the price, what will be different about your suits? >> the big difference is, we make different fit. a little narrower lapel, almost like a european fit. when you go to europe, i know with my wife, she says, these men dress really great. be short can never enough. >>

big deal in retail, joseph a bank agrees to buy eddie bauer.he weather is the fact in the u.s. economy. and is the commercial use of drones legal? to our viewers in the united states and those of you joining us, welcome, we have full coverage of the stories making

. >>> meanwhile, over to retail, joseph a. bank may have fired the next shots in the rival with men's warehouse. they are in talks to buy eddie bauer in the price range of a billion dollars. last month joseph a. bank made a bid for mens warehouse which was rejected. and eddie bauer could complicate the mens warehouse bid much more expensive. right now in early trading, they are both up a tick. men's wearhouse is slightly better up 2%. >> great to see you, kayla. >>> brace yourself, after what seems like an already brutal winter, groundhog punxsutawney phil is predicting six more weeks of the season. he saw his shadow in the traditional groundhog ceremony yesterday attracting booze from the pennsylvania crowd. legend says if he sees his shadow, winter lasts longer. if he doesn't, spring comes early. what's the validity of groundhog predictions? they have been called into question. the winter weather is still expected to continue today as a winter storm warning for new york and new jersey is in effect. joining us for more, jen carfag

big deal in retail, joseph a bank agrees to buy eddie bauer. we will examine how the weather is the fact in the u.s. economy. and is the commercial use of drones legal? to our viewers in the united states and those of you joining us, welcome, we have full coverage of the stories making headlines today. megan hughes looks at how the faa is to -- dealing with drone mania. on's begin with peter cook the marijuana industry and new guidelines from the department of justice. good afternoon. >> good afternoon. this is another step forward to legalize marijuana use in the united states, specifically in the state of colorado and washington, which have allowed for the recreational use of marijuana. the federal government, the justice department and the treasury department possible euro of crimes enforcement are releasing guidelines to banks in those states that would allow actually provide services to marijuana businesses, to marijuana customers. federal government still views marijuana as an illegal substance, treated that way although these laws have c

lex men's wearhouse has raised its bid for joseph a banks and offered to further increase the price if the bank agrees to terminate the deal to buy eddie bauer. president obama is showing governors today that the decision whether to approve the keystone pipeline will be made in a couple of months. they are looking to build a pipeline -- mark zuckerberg speaking at the mobile world conference in barcelona, he says he's looking three -- seeking three to five phone companies as partners in an effort to connect billions of people to the internet that do not yet have access. >> thank you very much. activist investor carl icahn posted a letter criticizing ebay. trish regan spoke with him and what did he have to say? lex he had a lot to say. to him at 3:00 and the letter comes out and criticizes the board for its conflict of interest. he singled out to members -- scott cookssen and of into it, saying both of these guys have inherent conflicts of actrest will stop >> just up and give people the lay of the land. investment.as a big >> over a billion dollars. paypal beike to see spun off from th

"the wall street journal" reporting that clothing retailer joseph a. banksks to buy eddie bauer from golden gate capital. no details of the talks were revealed. men's warehouse last week said it was opening to sweetening its buyout offer for joseph a. banks under certain conditions. both these companies have tried to bid for each other and now joseph a. banks is trying to pretend their interested in eddie bauer. the whole thing is disgusting. by the way, they're all not the best companies to begin with. it's like merge all three failing companies together? >> you buy one boot and get seven boots for free. >> and you'll like the way you look when it's all over. >> are you wearing a little men's warehouse. >> i like the way i look right now. >> you do? >> mildly. from the waist up. leave that to the imagination. >> you're a humble man. >> no, i'm not, not at all. >> i know that you're being sarcastic. >> no comment. >>> let's get a check on the energy and currency markets. we have director of fx strategy, cnbc contributor. kevin be i want to start with you. th

deals to be aware of today one including joseph a. bankng men's warehouse of one and a half billion dollars and reportedly trying to buy eddie baur. also chrysler reporting a strong month of sales in january. up 8 percent. 120,000 cars and trucks sold. strong month for fiat and jeep having their best januaries ever in the u. s. let's see how the market is doing. it's a little bit lower. dow now falling by 18 points. nasdaq down by three. michele and frank back to you. >> all right. jason brooks, thank you. >> let's find out if the super bowl hang over has anything to do with traffic right now. >> we do have a head ache on your roads now. north bound 880, all lanes are now back open. look at the sensors, they're very slow now. the middle lanes are blocked for a good 20 minutes or so. delays far back as the 280 interchange. only about 21 miles an hour. approaching the earlier accident scene there may be activity off the right hand shoulder. they turn on the meter lights after 6:00. now we have delays backing up. on the east shore freeways we

. >>> men's warehouse is not giving up on its takeover bid for joseph a. bank. t company has increased its offer by 10% to 1.78 billion. that comes ten days after joseph a. bank announced it was planning to buying the corporate parent of eddie bauer. but they said they may end the bauer deal if it receives an offer that's superior. >>> netflix and comcast have a deal that they say will make sure that movies stream smoothly to comcast households. the two companies say they've established a more direct connection that will give customers service and allow for future growth. comcast says netflix will not receive preferential treatment during the multi-year deal. no other terms. deal are being released. >>> a quiet sunday afternoon was upset by a surprising crime that happened in concord. ktvu's pam cook is in the newsroom now with all of the details of this home-invasion robbery. >> concord police have a very good description of the suspects. it happened at 3:15 yesterday afternoon on via doble near pine middle school. police say three armed men forced their way int

and wait for more money,s warehouse investors, stocks are up 7%, joseph a. bankverybody is a winner. big stars, big glamour, big money. the 86 annual academy awards this sunday and it is more than red carpets, an oscar can mean a huge salary bump for hollywood's biggest and brightest. live in los angeles the big show because of course she has to be out in l.a. because she is very fabulous, one study from colgate found winning an oscar for men can mean 81% jump in salary for women. it means almost nothing. is that possible? >> there's a theory for men there is a gender gap. if you win an oscar and our man you can do better if you are a woman. look at this year's nominees, sandra bullock for example. she is someone who potentially could win best actress and probably go to kate avalanche it but if she wins this could mean more money for her. her deal for gravity gave her $20 million upfront and she gets 15% of all the other revenue gravity makes so this could make her $70 million may be more. so if gravity wins best picture if she wins best actress this could be an

. >> drop for joseph a. bank, down 5%. >> this stock was down because there was a story, i think purposely leaked they are looking at eddie bauer. that would be a terrible move for them. >> ryanair, they're up, tim? >> airlines have worked this year. stay in this one if you're there. >> and a pop for self-awareness. radio shack scored big in last night's super bowl at a commercial poking fun at its outdated image. it shows '80 icons storming into a radio shack. it ends in a sneak peek at newly-remodeled stores. whether the electronics retailer will reconnect with customers remains to be seen. shares of radio shack closed higher, 3% today. >> ponch looks fantastic. >> who? >> ponch. erik estrada. come on. >> oh. >> yeah. >> if that's a reason -- >> is that mary lou retton? >> and the fro on kims. nice. >> if that's the reason, that's a terrible reason. >> they should change their name also. radio shack, is a little -- >> the shack. >> and with the '80s call, they would like their -- >> that's a great pull by you.

men's warehouse, joseph a. bank, sandra named all these, target, isn't there a better place to get a stock up about 2% on any given day? >> he well, yeah, absolutely. this goes back to the fact if you're going to be in consumer driven stocks i would recommend sticking with stocks of the higher income consumer would be interested in. tiffany's, michael coarse, the stocks that worked well last year -- michael kors. with this bifurcated consumer we got, i think it will continue to be "a tale of two cities" for sure. liz: why do do you like norfolk southern? what is it about the railroads? they ship a lot of products to the stores and they're big in the energy world. >> we don't have a position in norfolk southern right now. liz: i'm so sorry, that is tony's pick. tony, let me jump to you. that is my mistake. why could you like norfolk southern? >> right now we're experiencing the coldest winter in 30 years and rails, we're using up natural resources. natural gas is up to a four-year high and i think people will start p