shares of the macy's, kohl's, nordstrom tumbling. kohl's down 15%. macy's down almost 9.his after macy's and kohl's reported disappointing holiday sales numbers. macy's saw same-store sales slip 2.1%. they also expect lower full-year diluted earnings, and released the locations of 68 out of 100 stores it plans to close. the retailer will also be cutting jobs. kohl's slashed its full-year guidance to between 3.60 to 3.65 a share after same-store sales in november and december also declined. the ceos identified macro trends in retail that could weigh on stores saying holiday season was volatile. nordstrom taking a hit in sympathy. some of the executives talked to various news outlets overnight. the cfo of macy's, terry lundgren talked to stazzi, the blame goes to online. they say they're grow onlining , but not enough to yuf soffset t slower traffic at retail stores. >> kohl's, big cut in their forecast for full-year eps. that's why the stock is down 15%. coming into the session, we were saying how they have lower inventories. either way they were better positioned than pre

kohl's cole, down 19%. when you include negative numbers -- victoria's secret down 4, there are only two conclusions. either the consumer has no appetite for spending at all or no appetite for traditional mall-based retailers. here's an amazing wrinkle that ties everything up. when the news about the downfall of macy's and kohl's came out, all retailers initially got crushed. but as the smoke cleared, we saw a grudging recognition that perhaps it's not the consumer that's taking a breather from spending. after all, just yesterday we had huge auto sales. that puts the lie to that thesis. it's just that the consumer has simply had it with the mall. so amazon, which was unsteady at the beginning of the day, started really galloping by 9:45 and ultimately closed up more than 23 bucks. >> hallelujah. >> now, i want you to think about something that mark z zuckerberg has taught us. he emphasizes it again and again on the conference calls. he says that younger facebook users hate idol time. they like to do as many

what about kohl's? does kohl's have that option? itat seems they are more interested in rationalizing the store size than closing stores. ,heir stores are more off mall which insulates them somewhat from the declining traffic we see at the mall, but it sounds like talking to them that they are more interested in smaller stores than closing stores, but that may change. about there talking retailers blaming the election for the weakness, can they just say whatever they want? do they have to have some reason? >> i think they can say what they want, but whether people believe them or not is another a question. the election excuse was interesting because no one really believed it. it did not ring true. if you look at the data around the consumer, the macro data, it is all positive. joe: you might encounter someone who disagrees with that. and our retail analyst, thank you both very much. scarlet: a busy day, but "what'd you miss?" steven mnuchin may have run a bank that broke foreclosure laws. what happened to the suit that was never fil

kohl's is down nine.n, geez. >> zao, remember they went public here not that long ago, about a $7 billion or $8 billion company. apparently the cfo speaking on a webcast or i should say a conference perhaps a bit more cautious than expected. they're also at i think the consumer electronics show talking to people. demand environment still robust but procurement environment can be slightly different regarding accelerating revenue growth, a factor that is the buying behavior of existing customers. we're talking about telecom companies, many companies off table are now on the table. so when you consider that, who will get together with whom amongst their customer base, maybe they stop purchases for a little while. you know, is t-mo and sprint, verizon, who knows who may do what to whom. that's worth watching. >> how about oil? talk oil. i'm getting bummed out here. >> why? why are you getting bummed out? >> this is like got a couple stocks doing well, but there's some companies down really badly. constellatio

kohl's plunging 20% on weak sales guidance. next chapter in the retail story ahead. >>> plus, toyota shares urn pressure as president-elect trump tweets saying toyota said we'll build a new plant in baja, mexico to build corolla cars for the u.s. no way. build plant in u.s. or pay big border tax. feels like a cards you pull on the monopoly board. toyota stock taking a dip now. brian? >> i like that, it's community chest, do not pass go, toyota, go back to -- there we go. welcome back. we are going to actually do something that's hard to do. we're going to look into the future of oil. how are we going to do that? in a few minutes, we'll speak with the man running the company whose products are the first thing oil and gas products would hire when they anticipate higher prices. that at patterson-uti, one of the leading drilling companies out there. they are on the front lines and see what kind of demand they see, could give us a good window where prices are headed. >> looking forward to. that how are we trading in the markets? 20,

shares of macy's and kohl's down sharply. macy's by 8% and kohl's for 12.5%.they lowered their outlooks. macy's is making a series of layoffs. >>> campbell's has been outperforming the broader market. last year up 15%. how is the company positioned to grow in the new year with a new administration, fresh off being on the platform to ring the loud new bell is campbell soup ceo denise morrison here in a cnbc exclusive with sara isen. >> you're here for national soup month. >> we are. >> bringing your new soup cans to the new york stock exchange. >> celebrating for 25 years. >> does it matter that it's sort of warm in new york city and not the most frigid of winters? >> we have over 300 varieties of soup for people. >> what are you expecting in terms of sales, because following the company for the last few quarters it's been a story of higher margins, which you are being rewarded with from investors, but it comes from cost-cutting and not necessarily the kind of organic sales growth. >> we announced a $300 million cost-cutting program, but that's to reinvest the

kohl's falling as much as 14% as it cut guidance.arter results were worst worse than expected. joining us now to break it all down is dana tulsey. good morning, dana. thanks very much for joining us. first, the simple question, is this a consumer issue or a department store issue? >> good morning and happy new year. i think this is a department store issue. i don't think this is a consumer issue. you can't paint the retail spectrum with the brush of what's happening with some of the department stores. i think what happened in the department store world is that you had a strong black friday. you had a weak in the middle of the month of december. then it finished up okay. but the shift to online doesn't just happen easily. it happens with more expenses that are needed and what drives retail stock prices is sales growth. take a look at retail overall and whether it's cosmetics like ulta, whether it's active wear like foot locker and lulu, the broad brush of retail isn't what the department stores is. >> dana, so far we've just heard fro

this is problematic for the kohl's and the macy's of the world. i don't know how bad it will hit coors as well. >> one thing you can change, buying at a discount. tj maxx. perfect example. walking in and buying products are massively at a discount won't change. throws a little more insulated. so they have to be there. nordstrom as well. they have the nordstrom rack. there's another play you can look at. but in general, you're right. consumers have shifted the way they spend. >> this is not something new. when we look back and you look at the trump effect. you look back after the election. everything ran. we were all talking about the weak know of department stores. what brick and mortar look like. if you look at amazon, pete started talking about it. february 2, reported earnings. this is one that people will get a discount on. it will get lumped into retail. it will get sold off. there is everything before trump that will still be weak. >> is this true confirmation that there is in fact real problem with department stores? if you got the consumer

as for the retail carnage, we have macy's and kohl's plunging.e full-year earnings view by about 8%. , they also cut 6200 jobs are closing 68 stores. both department stores are in the midst of restructuring. it does not appear to be going so well. the turnaround, i should say, not restructuring. tradingve sears holding higher. stanley black & decker agreed to by the craftsman tool brand. stores. closing 105 this could be the start of what investors are hoping is a restructuring on a stock that is down about 90% from its peak in 2007. co also trading higher .fter they beat december costs a little bit of strength in the retail sector. jonathan: thank you very much. we are down about 0.1%. earlier on the program, we spoke to bill mcnabb, the ceo of vanguard. i asked about how he don't trump presidency could change expectations of low returns. >> i think the market has gotten a little ahead of itself. if you look at where valuations are, they are at a pretty high level. so the probabilities over the next decade of returns being somewhat lower than th

. >>> both macy's and kohls each reported a 2% decline in sales compared to last year. macy's also said it will be closing 68 stores and 10,000 layoffs are likely. macy's stock dropped about 11% and kohls dropped about 15%. >>> last-minute preparations are underway in las vegas. the international consumer electronic show is more of a technology show. 3800 exhibitors are expected and 165,000 people are expected. this is where many innovators introduced their creations, such as the first virtual reality shoes for the first toothbrush with artificial intelligence that can tell you if you are getting the job done. >> you can improve your brushing skills looking on the app and seeing what you're missing. >> there will be plenty of surprises along with advances in drones, robots, 3-d printing, smart phones -- smart home devices, excuse me. the show opens tomorrow and runs through sunday. >> i'm sorry, shoes that make you feel like you are in snow? why not go and walk in the snow? >> somehow i think i can figure out if i am brushing my teeth properly. >> we are not the ideal c

after the bell, there was some big news on retailers, kohl's in macy's, both plunging extended hoursinting a cutting as and forecast going forward. macy's was down close to 10%, cut its outlook, and announced it will cut 6200 jobs, closing 100 nonperforming stores. y are further cutting management to reduce costs. as far as kohl's, the stock down 13% in extended trading, similar story of a disappointing holiday with weaker sales than anticipated. kohl's cutting its fiscal 2016 forecast for its initial eps was seen up to four dollars a share, to seeing eps from $3.60 -- $3.65, a big disappointment for investors. do you trust donald trump? we will put that question to our guest and hear his take on the president collects promises. -- president-elect's promises. ♪ trump's picked a wall street insider to be his top regulator, despite railing against the financial industry during the campaign. to nomination of jay clayton head the sec has sparked criticism. the former head of the u.k. financial services authority says the approach to regulation is more important here. >> clearly donald tr

individually, macy's and kohl's are leading the declines. kohl's is down 17.5%. as theys down 13% announced plans to cut another 6200 jobs, bringing total cuts to around nearly 10,000. they already talked about plans to shut 100 stores. saw a decline on a same-store basis in november and december of a little more than 2%. really seeing a struggle in retail. kohl's will likewise, coming out decrease-store sales in november and december. both companies are cutting full-year profit forecast and we are seeing a downdraft in other retailers. the worst performing stocks all retail. also onm and l brands the list. macy's says a lot of the weakness was from accessories, specifically watches and handbags. you can also look at coach, kate spade that are seeing weakness, michael cores. there is a ripple effect from the suppliers to the department stores, as well as broad weakness across retail as we continue to see a secular shift within the retail industry away from bricks and mortar, away from department stores to online. commoditiescheck on head of the weekly inventory n

liz: i saw kohl's stock, what a day. nothing short of fabulous at consumer electronics show.s more intensely covered than the olympics "viva las vegas." 2017 consumer electronics show where we see heartbeat of tech and innovation and so much more. it is an incredible day right here where we expect to he see 177,000 people stream through these doors to see everything that matters. it is absolutely huge business day right now. we can actually begin to tell

>> reporter: yeah, dawn, this is the kohl's where police say this bad santa took off with a diamond ringy say this was not his first height and now they need your help finding this grinch in santa's clothing. his hat says nice but police say this is one bad santa. >> he's breaking in he's not too nice. maybe he should swap that hat out and get a naughty hat. >> reporter: talk about identity theft bucks county shoppers chagrined to learn a grinch dressed as santa stole thousands of dollars worth of jewelry from this kohl's department store in lower makefield township and kay's jewelries in oxford valley mall according to police. it happened just days before christmas. >> while she was ringing up his other items, he ran out of the store with the ring. >> it's an up usual costume to wear but because of the holiday season nobody was suspicious of him. >> reporter: authorities say they have several clues including dna. this is one of the dazzling rings bad santa allegedly stole. police want anyone who recognizes him to turn him in and that's a shore fire way to make sure you get on the nice l

we first brought you the news on macy's and kohl's. we'll look at where consumers are spending their money. >> mean whim, t-mobile just out with preliminary fourth quarter numbers. ceo john legere will be joining us live from the consumer electronics show talking about that and many other developments in that industry coming up. >>> trump has said repealing obamacare and tax reform is next. the man working on the new dodd-frank representative jeb henserling will join us. >> courtney reagan is live outside a macy's store in elmhurst, new york, with the latest. is this one remaining open or closing, courtney? >> reporter: no, no, bill, this store is not on the ones that will close. this one will remain open. we are in elmhurst, queens. department store sales are getting wrecked after we heard from macy's and kohl's. their com sales were down 2%. macy's said 68 of the previously planned 100 store closures will, in fact, happen in this year. it's also cutting more than 10,000 jobs. sears today said its holiday sales are down between 12 and

macy's the world's largest fell nearly 14%, kohl's tumbled 1% making these two stocks the worst performers of all the 500 in the s&p 500 today. the selling in the sector follows a number of dismal reports from those retailers which we told you about beginning yesterday. sales slumped at the end of last year, physical stores struggled to keep pace with online retailers and it's all the size mick shift happening in an industry that touches us all. kourtney reagan has the story in a macy's in new york. >> early strength for closing sales gave holiday hope to retailers like macy's and kohl's. a strong black friday weekend and days before christmas weren't enough. holiday sales 2% and plunged double digities to a struggling sears. macy's is closing 6 stores this year a total of 100 by the end of next year. sears says it's closing 150 more stores and selling its craftsman tool brand as the business shrink. if this is the beginning of the end for the group. >> the bigger dynamic is the share shift happening at a more microlevel. those dollars are still being spent. they're still buying apparel. t

they just spent less at macy's and kohl's stores over the holiday season.o, for november and december, both macy's and kohl's said that their comparable sales fell more than 2%, leading both retailers to lower their full-year earnings forecast for this year. and macy's expects that that same-store sales trend will continue through 2017. the consumer, though, is strong by most economic and financial measures. shoppers are spending less in stores and more online. barnes & noble's holiday comps fell 9% but online grew 2%. adobe, in fact, just out with new data saying online sales in total for the holidays grew more than 11%, almost $92 billion. that's stronger than adobe's initial estimate. macy's online sales also up double digits and the ceo reiterated to me that macy's has the third highest sales in the categories that it competes in online. still, macy's online sales aren't enough to offset the weakness in the stores as a total. and remember, online sales also come at a higher margin. then if you look at amazon, slice intelligence, which scans e-mail recei

president-elect donald trump aims to bring kohl's future.ccessful 2016 campaign, he promised to revive the industry by placing restrictions on it -- lifting restrictions on it. burning the fuel emits almost twice as much carbon dioxide as natural gas and 28 more -- 28% more pollution than oil. pushing the u.s. from the second to the third biggest and of the fuel after india and china. coal has a list been controversial. powered the industrial revolution enshroud abundant in fog that was, until the mid-20th century. it also powers the railroad system and a westward expansion. dispute no serious among scientists about climate yetge and kohl's role, and president-elect donald trump will roll back environmental regulations. would increase by 61% according to an estimate. promotes massive so-called clean coal innovations and say this technology could -- the problem, clean coal is not proven and expensive. there is plenty of opposition from those who argue coal is best left back in the ground. you can learn more on the bloomberg, and that is your

. >> macy's, kohl's reporting weak holidays sales now macy's cutting thousands of jobs, and closing stores, what it means for the broader economy. one of the most anticipated initial public offerings coming up one former employee says social media giant misleading faking growth numbers details on that, the markets, looks like taking a a little bit of breather after two days of against, the dow 58 points away, from 20,000 even less from a new record high, mixed markets 12-point gain on blue chips in europe stocks little changed in traikd mixed markets with ftse 100 england eking out trying a gain at the moment asia overnight petition mixed markets with nikkei pulling back, after that 2 1/2% gain on its first day of trading in the new year the kospi also lower as well. and bringing a southern staple to fast food mcdonald's testing its version of chicken and 1/2els the details where you can find that deliciousness, all of that more coming up this morning conservative commentator is here from goldman sachs partner peter kiernan back two days in row lee carter. >> when lee sat down i said i can

same story at kohl's, weak holiday sales. closing 150 stores and kmart stores, they're together, of course. nordstrom, j.c. penney, they're all hit and sears is slightly higher in the early going. the bottom line is people are changing the way they stop and it will make a huge difference in america. a shall-- ashley webster is here and dr barton joining us. i'm saying it's a huge shift in what we buy and how we buy it. what do you say, mr. barton? >> i agree, this is something going on quite some time now, many, many years. here is the interesting thing, macy's announced recently in chicago big stores they're closing to the surprise of local citizens here. the approach that they're taking is interesting. they're talking about the real estate being the valuable component and selling those off or leasing these out? these are grave yards because these stores are not going to be able to repurposed into hotels, condos. what do they do with the stores when they can't even sell the real estate? >> dr, is there a department store sto

after the bell, we saw kohl's stock plunge as much as 13%. they cut their fiscal 2016 forecast in a very big way. the story not just week holiday sales, but a continuation of a trend where many of the holiday sales are going online, not into the big-box retailers. there are some retailing couldts predicting this be the front end of what could be a nationwide wave of hundreds and hundreds of stores closing. shery: not surprising how much we shop online. let's not get the first word news with courtney collins. donald trump has picked a wall street insider to be its top regulator. despitepite regular -- railing against the industry on the campaign trail. clayton has recep -- has represented financial firms, including goldman sachs during the 2008 bailout. the former bfi banker convicted in relation to the troubled fund will appeal. he was given 30 months jail for witness tampering. he is the third bsi banker to be found guilty in singapore. he also faces charges of money laundering. two others were jailed for four -- for forgery. india has annou

what i found was extreme pressure, macy's, kohl's, nordstrom's, all of those stocks up today. is it a flight to crowd in? we can't say that. i think you watch the retail sector of the economy. that's where the market will go. >> i thought that today, this was not a trump dip that i would buy. it is great that the market is only down this much. i think we've run into a little bit of a wall in this rally. i'm kernconcerned about getting the things done. there's a lot of noise this weekend and today, and to me what's concerning is, if he gets tripped up in these things, and there are cracks in the republican party, which there seem to be, it will be really hard for him to get some of the other agenda done. the main part that drives this rally, taxes is a big one. certainly for financials. that is really important. the repatriation -- >> i don't have a problem with taxes. >> he won't be able to get to it until later. that's disconcerting. >> what is shocking for the market is to see someone struggle. >> the next thing after taxes is infrastructure. it will be really hard to get a

that department store's really tumble after disappointing numbers from kohl's and especially macy's, which is announcing another 6200 job cuts, store closures, and both of these committees cutting their forecasts for the year. dillards and nordstrom here. the manufacturer retailers as well. handbags in particular. macy's blames it some of its shortfall on handbags. we are about 30 minutes away from the end of the first day trading session in europe. check out my lovely gmm. by that column, you would think the euro is up. uncertainty was the buzzword, the takeaway. the uncertainty of donald trump's policies. what is that mean for monetary policy going forward? commodities gaining. gold is in favor today. a lot of data today. let's start with ppi data out of the eurozone unexpectedly returning to the euro area. after three more years, adding to signs cost pressures are building as the 19 nation economy spreads its prices charged. .1% earlier. this increase follows 40 consecutive declines. the data comes after consumer price inflation rose 1% in december, the fastest since 2013. that wi

kohl's and other hardware stores seeing a rush. >> roof tar for patching, water damps to prevent flooding. ponchos. >> san chung packed his suv, his home has flooded once before. >> it was really bad. lost a lot of furniture and carpet was really bad. hope it doesn't happen again. >> san francisco is under a flash flood watch. department of emergency management says city agencies are prepared. >> stay away from flooded areas whether walking or driving. don't know what is in the water, downed power lines, hazardous materials. >> reporter: only takes six inches of water to sweep you off your feet. >>> big problems at san francisco international airport. 55 departures and 42 arrivals canceled and expected to impact tomorrow. no problems reported at oakland international. check the flights tomorrow in the morning. >>> yosemite national park officials are concerned the heavy downpours could bring heaviest flooding in 20 years. could dump a foot of rain there. >>> in the sierras, warning residents may need to evacuate if the truckee river overflows its banks. residents warned to be ready. >> th

shares in kohl's slumped over 15% in after-hours trade after they cut their 2016 earnings guidance and warned that fourth quarter sales would miss expectations. co kevin manzel said sales were volatile throughout the holiday season, citing a strong black friday but softness in november and december. >>> not just kohl's is feeling the pain a similar story for macy's. shares extending losses, slumping nearly 11% in after-hours trade. they cut the full-year adjusted profit forecast and plans to close 68 stores and cut 10,000 jobs. the company's ceo said he expects 2017 sales to be consistent with the disappointing holiday trend. >>> with global economic and political uncertainty expected to hit new highs in 2017, private equity could be in for a turbulent time. but my next guest says the brexit uncertainty could see transaction volumes rise in the uk and in europe. and that guest is chris neary. so, the fact of matter is for much of 2016, companies have been sitting on a whole lot of dry powder, that means money that has been raised but not deployed yet. why is that the case? >> i think i

both macy's and kohl's lower their four year earnings guidance as a result.macy's, in fact, expects the comp trend scene to continue throughout this year. costco is in the hot camp. in december at least were up 3%. but l brand is the parent of victoria secret and those comps were up 3% for the month of december. american eagle comps are flat quarter to date so that's longer time horizon. barnes & noble are down #% but online sales are up 2% for barnes & noble and that is the theme for online. it's hot. we knew it was. we suspected it was and it turned out to be the case. even macy's said they're online sales were up. slice intelligence which has the ability to scan e-mail receipts said that 38% of the holiday sales went to am will zon. apple.com according to slice saw its online sales increase this year over last year. >> thank you very much. many of those stocks getting hit hardest by that wreck singling the death of the mall. there is hope for these names and here's to tell us why. dan, great to see you will again. >> thanks for having me. >> could this tim

macy's and kohl's reported declines in key measures. macy's say they will restructure business, continue to close stores. they lost half of its value in a year. should news break out, we'll break in. "your world" with neil cavuto starts right now. insurance plan" no, i picked the wrong insurance company.ance plan" with new car replacement™, we'll replace the full value of your car plus depreciation. liberty mutual insurance. here you go.picking up for kyle. you wouldn't put up with part of a pizza. um. something wrong? so when it comes to pain relievers, why put up with just part of a day? you want the whole thing? yes, yes! live whole. not part. aleve. tech: don't let a cracked windshtrust safelite.plans. with safelite's exclusive "on my way text"... you'll know exactly when we'll be there. giving you more time for what matters most. (team sing) safelite repair, safelite replace. ever tryou get hungry good, just thinking about it? at red lobster's big festival of shrimp, get your perfect pair for just $15.99. choose 2 of 6 new and clas

macy's and kohl's tumbled after both chains slashed their forecast following weak holiday sales. macy's said customer traffic continued to te klein even though its online business is doing well. they are closing 68 stores. in the san francisco area, macy's is selling two stores is, will lease them back and continue to operate them as usual. >>> ford is taking alexa for a ride. they are announcing aed broader partnership at the consumer electronics show you can talk to your car or truck from your home to do things such as warm up the vehicle, unlock the doors. you'll be able to search for destinations, shop online. >> wow. that's kind of amazing. warm up the seats. >> that's what i was thinking. on a cold morning. you get in, everything is is just right. thank you very much, landon. >>> 4:50 right now. what about this ride? bay area car lovers all revved up for the silicon valley auto show. the new katphnew acura nsx. lamborghini, mclaren, aston martin. this year more than 30 are available for test drives as well. it runs starting today through sunday 10:00 a.m. to 5:00 p.m. >>> t

holiday sales fell 2% at macy's and kohl's and plunged double digits at sears.y's is closing 68 stores this year a total of 100 by next year. sears says it is closing 150 more stores and selling its craftsman tool brand. the seemingly endless stream of bad news for department stores has many wondering if this is the beginning of the end forever the group. >> the bigger dynamic is the share shift happening at more micro level. those dollars are still being spent. people are still buying apparel. they are just buying it online and amazon, and when the dollars are being shifted, from brick and mortar to online, legacy retailers lose. >> reporter: though consumers are doing just fine. spending 4% more this holiday season according to mastercard, they're not spending as much at department stores. more and more consumers are spending online. though around 85% of all purchases are still made in stores. online retail sales during the holiday season grew more than initially forecast. a slice intelligence scan of 4 million e-mail receipts showed amazon captured nearly 40%

macy's, kohl's, nordstroms. within the sector there are individual sfoks are decent.e know that media has done well, disney, s & i. when people don't spoken things, they want to spend on experience. and i want to single out the cruise line carnival. first this. this is ten years. colors are pretty straightforward. it speaks for itself. what we know is that laggard here is carnival cruise. that's pretty bad. ten years? versus the s&p 500 versus the sector in which carn civil a part. so not only has it lagged in equities, it has handgun among its peers by a lot. that's the set-up. meaning i believe this is catching up. how do we know it has the poe toning catch up? guess what is happening recently? the exact opposite. guess who is leading on a six-month basis? carnival cruise. it is crushing the market and its peers. so you have the set-up of, i've lagged. and now i'm coming back. important. relative performance. shown another way. this is chart of the stock. this is the relative performance. this is up absolute. but important. its relative performance to its peers. tha

sad sales numbers, especially for iconic names, macy's, sears, kohl's, also hurting. those are down significantly as power of internet shopping, and hurts traditional retailers liz claman at the consum electronics show in beautiful las vegas. liz, to you. liz: i saw kohl's stock, what a day. nothing short of fabulous at consumer electronics show. this is more intensely covered than the olympics "viva las vegas." 2017 consumer electronics show where we see heartbeat of tech and innovation and so much more. it is an incredible day right here where we expect to he see 177,000 people stream through these doors to see everything that matters. it is absolutely huge business day right now. we can actually begin to tell you just exactly what is going on. markets are actually mixed. look all of what is going on, we have a big story out of washington, d.c. we know certainly that we have keeping an eye what is going on there. there is tech heaven and tech hell. a breaking story about facebook. we're talking about that, we saw live streaming attack. that is a very ugly thing. we'

jaime: al igual que muchas otras ciudades, richmond fue kohl creada duro -- golpeada duro por la crisislfia investigÓ una pelea entre adolescentes que circulen redes sociales. las imÁgenes muestran cÓmo la policÍa intervino para controlarla. uno de los oficiales y una joven se apartaron del grupo, el oficial termina tirÁndola al piso y golpeÁndola. marÍa: otro vídeo es cÓmoda cayendo sobre un par de hermanos. publicaron la lista de ciudades de estados unidos donde hay mÁs chinches. el primer legal se lo llevÓ baltimore. el 10 lugar para la bahÍa de san francisco y san josÉ. leÓn: la automotriz ford anunciÓ la cancelación de sus planes de inversiÓn por 1600 millones de dÓlares para construir una nueva planta en san luis potosÍ, mÉxico. la empresa agregÓ que excluye o se realizarÁn en --sus proyectos se realizan en una planta en michigan. marÍa: tambiÉn en méxico continÚan los bloqueos en los puentes internacionales y en las casetas de peaje en diferentes partes del paÍs tras el aumento del precio de la gasolina. leÓn: las manifestaciones dejaron hacia la frontera. luis escalera tiene mÁs

kohl's and macy's. just this evening, it's hammering the stock severely. all the bricks and more star stocks except for the ones that take advantage of these guys have excess inventory are getting hammered. i've said over and over it's an amazon holiday season. that's a secular negative for these guys. it's a collision that can't be avoided. bottom line, this rally is all about accidents that didn't happen and recoveries that happened like lightning. that's been the fuel behind the move. it can run out for a couple days for sure. but when that occurs, it's a chance to buy, not a reason to sell. alison in maryland, alison. >> caller: booyah, jim. >> booyah. >> caller: so i have thousands of shares in class a underarmour stock and i'm not that far off from retirement. you've been a big fan of under armour, but it's fallen from grease rece grace recently. are you still a believer. >> i think kevin plank is a competitor. i'm sorry to interrupt, alison. but kevin plank is a competitor, and there's no way that guy is going to remain on the convas long. i think t

in macy's and kohl's are each plunging by double digits in the early going today on wall street. >>>uch better news for the job market. the labor department says first time unemployment claims this past week fell by 28,000 to 235,000. that's the lowest weekly level since 1973. labor delivers a december jobs report tomorrow. economists looking for a gain of 180,000 jobs. the unemployment rate currently at a nine-year low at 4.6%. >>> quiet start to the stock market today. let's go to the big board see how we're doing. right now the dow down by 5. nasdaq up 16. s&p right now is moving lower by a fraction. kenny and michelle, back to you. >> all right, jason brooks from kcbs radio this morning, jason, thank you. >>> the silicon valley auto show kicks off today in downtown san jose. and to give you a peek at all the latest cars and technology, our crews were busy unloading them into the, um, the convention center yesterday p this year's theme is the future of drive. there will be nearly 30 models on hand for people to test drive. >> fuel efficiency is a big deal at the auto show this yea

after the bell, kohl's reported a drop in same store sales saying purchases during that period were volatile. shares were hit hard after the release, wiping out a 4% gain during the regular session where they closed at 51.88. affiliates of the hedge fund have provided sweers a $500 million secured loan backed by mortgages on the properties. sears had exercised its right the terminate leases on 19 of its stores. shares of sears popped 6.5% to $10.36. >>> oprah winfrey said she has shed more than 42 pounds while on weight watchers' diet program. the billionaire who has a nearly 10% stake in the company is part of new advertising campaign. shares surging nearly 21% today. the subscription video service hulu will begin offering this new services. it will let some subscribers access cbs, cbs sports ask the networks entertainment channel pop. the live streaming platform expected to launch sometime this year. cbs shares were up 2% at 65.74. and apple added the fund which is expected to launch this year will sfeed development of technology that's may be edge strategically important. apple shares off

another department store, kohl's s, also posting losses over the holidays. >> people can get their hair blown, go to the gym, go to the coffee bar. >> americans did spend big over the holidays. up 4% over last year. online sales up a whopping 17%. more amazon, less sears. >> i think it's sad, but it's a lot easier for people to just do online shopping. they can sit home on their couch. >> americans today are choosing discounters, among them t.j. maxx, ross and burlington. >> to survive, retailers need a digital and physical store offering something unique. even amazon is opening pop-up stores, where else, but the malls. >>> on the subject of that all online holiday shopping. today is expected to be the biggest day ever for online returns through ups. on this day alone, ups expects to ship 1.3 million unwanted packages back to retailers today. which the company has dubbed national returns day. >>> when we come back, lights, camera, compassion. why some big stars are leaping in to help a teen realize his hollywood dreams. unexpectedly. ==vo== what forced the government shutdown that could

>> you bought a house, a car, you're not buying a t-shirt or another vest at kohl's. are you confident? >> maybe i need a car or a house. >> if they don't have money for a sweater, where are they getting the money for the stock market? they don't have the incremental dollar to put in the market. >> people are spending money on different things. and i look at it and say clearly. look at travel. travel is not a disappointment at all. the big point is this is about rotation coming out of bonds. you're telling me that rotation is over in one month. now you completely missed my point. what i am saying. we are at all time highs. what have we got to 20,000 or not. we're at all time highs. the advance decline line will tell you you do not have the breath. that is a shorter term indicator. everybody is saying, all the side lines. they have to come in. if they're buying houses and cars, where will it come from? maybe we get to 20,000. i don't know. >> people are waiting for the inauguration as an event to start putting their money to work. >> why would they wait for the inaugur

macy's and kohl's told us about their difficulty during the holiday shopping season.goes beyond that because tjx, the owner of t.j. maxx and marshalls, has been beating macy's when it comes to annual sales. take a look, the blue bars are macy's revenue, 27 billion dollars for 2016. t.j. maxx is at $31 billion. the switchover happened in 2015 and the gap is only widening. this is interesting in so far as , a luxury store chain, has said it is scrapping plans for an ipo because the timing is not right. >> it will be interesting to see if the timing does become right. it is not just physical retail. digitalical -- the economy is not doing as well as it once was. facebook, you've got to love it. that magenta line, the 50 day facebook average, the green line the 200 day average. for the first time in three years, the magenta might fall below the longer-term average and some people say that is bad news. if you look at the last time that happened in 2013, it was preceded by a spike in facebook. of slagging a sign momentum. facebook reports another monster quarter. that has a

shares of macy's, kohl's sinking today.utting 6200 jobs in it has reduced fourth-quarter output as well. december comparable sales gaining 4%. joe: the first headline we see, in store sales up 5.4% december. stocks up 6.5% off that headline. the estimate was that it was supposed to be down 1.7%. joe: you can see that short line up. that is not the typical line we are used to seeing from retailers. at least some good news on everything we have seen yesterday. us now isoining bloomberg retail reporter matt townsend. matt, i guess what this really indicates is that apparel is not the part of retail we thought it might have been. perilous said the somewhat ok. -- said that apparel is somewhat ok. positive cost for a quarter. in november.n one with all sort of reports like this come we don't know what the cost was. it could be a backorder overall. -- a bad quarter overall. old navy looked strong. banana republic estimated to fall 5%. that category looks weaker. i want to go to you. a lot of the weakness seems specifically about

. >> hello, tracy, macy's and kohl's both tumbling last night after they slashed their profit forecast after a weak holiday shopping season. macy's plans to close stores in neshaminy mall and norristown mall. amazon will open a 4,000-square foot store in the time warner center in manhattan near central park. with bookstores in seattle, san diego, and portland, oregon. >>> and taking alexa for a ride. owners of the echo can talk to their ford car from their home do do things such as warm up the vehicle, unlock the doors. this summer, we'll be able to talk to alexa about driving. searching for destinations, shop online, turn on the lights at home, tracy, back to you. >> landon dowdy on cnbc. thanks. >>> cigarette switch. the new rules that could make it harder for people to buy tobacco products. >>> fighting over obamacare on capitol hill, for those who twoongt repeal it and those who want to save it. >>> war on obamacare. tensions grow as the republicans and democrats fight over the future of the law. we'll look at if it's having an impact on people signing up. >>> up in smoke. a new ru

and basically it was a trilateral effort of bush, kohl, and gorbachev and opposed as we recall, thatcher and mitterrand. it was responding to events. there are numbers of good examples when this works, but if you go back to say, well, what, i think, at least in the case i'm most familiar with, which is the one i just mentioned, it was because of the trust in baker and cheney and brent and the president, workedded their way through tactical disagreements without a bump. and, that is what it takes to implement the kind of policy that, and the examples we've been using, and we'll see if the trump administration capable of that. >> amplify one of the things bob mentioned, that trump went down levels of the administration. you, bob, working with kimet and others and zoellick and that team equally working as well. bringing the interagency process and trust down through the levels of government that is absolutely critical. >> that is one of the problems with the george w. bush administration, certainly in the first term, where you had the enmity among people at top level went all the way down.

we put him in some good situations to success today some good redskins news, george kohl's bihas beenchosen as a haul of fame. the offancive tackle played from '83 to '9 #. he's over of # 100 alums who attended the home coming game this past november. >> well deserved. i hope he gets in. > i hope so, too. there should be a lot of hawgs in >> people at then shinement ceremony, it would be great to see. > it would be great to see. it would also to see on the way home tonight. i know it's a little l foggy. take some extra time. by dawn i think it will be dissipating. >> that does it for us for tonight, stay tuned, tmz is coming up next. we hope you can join us tomorrow morning, fox5 news morning starts at 46789. 25:00 a.m. we will all stillll there's nothing like trying something new. especially when it comes to snacking. with the laughing cow's nine flavorful varieties of creamy cheese, there's no end to what you can discover. and now, you can take our creamy cheese with no artificial preservatives, flavors or colors wherever you go. introducing cheese dippers by the laughing cow. comin

jcpenney and kohl's with credit suisse down grading them from underperform to neutral. credit suisse says it's concerned about deteriorating store margins at kohl's. >> tom price's appearance before the health committee today was a courtesy but the finance committee will vote on his nomination. democrats came out swinging, contentious and hammering him on issues like medicare where he has disagreed with president-elect trump. >> will you work with us so that medicare negotiates prices with the pharmaceutical industry. >> you have my commitment to work with you and others to make certain that the drug pricing is reasonable and that individuals across this land have access to the medications that they need. >> wasn't quite the answer to the question i asked. >> he kept coming back to the question of access. again and again, rather than what the aca has in terms of extending coverage. he was hit hardest when it came to his trades on drug companies and other health care stocks while legislation was being discussed in congress. >> when you found out that your broker had made

police say he stole a ring from k jewelers, and is also suspected of stealing from kohl's in lower makefield. >>> sean? >> all right, dawn. after having their 20 game winning streak snapped this past wednesday night, the villanova wildcats must prepare for another tough biggies match up. coming up in sports, hear from head coach jay wright on his team's minds set off their first lost since march 12th, 2016. >> on the next dish nation, turns out it might and real full-fledged lip locking smash alert. looks like we're still a man short. not anymore. gus! the second most famous groundhog in pennsylvania. let's hit the ice. whoaaa! take the shot! (buzzer) that shot was one in a million. so's this. all the money millionaire edition, new from the pennsylvania lottery. with five top prizes of a million bucks. it's a real game changer. (giggles) keep on scratchin' >>> we continue our coverage of breaking news out of fort lauderdale, florida five people dead, many others injured, after man opened fire at the baggage claim inside the airport. police took that man into custody. he's identified as 26 ye

we put him in some good situations good redskins news, george kohl's bihas been chosen as a haul of famelayed from '83 to '9 #. he's over of # 100 alums who attended the home coming game this past november.ber. >> well deserved.>> w i hope he gets in. > i hope so, too. there should be a lot of hawgs in canton. >> people at then shinement ceremony, it would be great to see. > it would be great to see.. it would also to see on the way home tonight. i know it's a little l foggy.gy. take some extra time. by dawn i think it will be dissipating. >> that does it for us forr tonight, stay tuned, tmz is coming up next. we hope you can join us tomorrow morning, fox5 news morning starts at 46789. 25:00 a.m. we will al but guys can get up. oh, that's lovely... so graceful. the corkscrew spin, flawless... ...his signature move, the flying dutchman. poetry in motion. and there it is, the "baby bird". breathtaking. a sumo wrestler figure skating? surprising. what's not surprising? how much money heather saved by switching to geico. fifteen minutes could save yo