keep in mind it was bankrupt, kmart, when lampert bought it in 2004 now let's go to sears.atest company that retailing had ever seen, right and it did go through some ups and downs since that 1962 period in fighting against the discount retailers. but then it got the second hit when amazon started about 25 years ago. almost exactly 25 years ago, by the way. i think july is amazon's 25th birthday that will be something that's the second hit it got so along the way, it has seen a lot of trials and a lot of trid tribulations it did see it turn around, but the overriding picture was one of assault on the company. in comes the money guy one thing we learned is mark did a look having money is one thing, but knowing how to run a company is another thing. one thick yng you can do is brii a guy who can manage it. they were violated here. one is comp sales do matter. a lot of talk at the time the merger occurred in 2005. retailers are focused on growing sales if you focus on the bottom line bs if you lose the customer, you lost the game. >> especially down for 11 years straight one o

at this point, lampert's bid is the only one designed to keep sears open.(ken) is it bigger than a "breadbot"? chances are... no.we've got a first look at some new tech that has c-e-s buzzing in las vegas.. next. (ken) the consumer electronics expo officially began in las vegas today. it's the yearly consumer tech conference where tech companies display their latest offerings. among the popular items at the conference this year: mobile breast pumps, fuzzy robots and smart-home security cameras. stealing the show, however... "breadbot." it is an automated device that bakes different kinds of bread, including whole wheat, nine grain and white. there is a see thru oven on the left... paired with a bread vending machine on the right. it takes about 90 minutes to bake a loaf from start to finish... but because the machine is always running... it can pump put ten loaves per hour.... that's one loaf every six minutes ... all without a person at the controls. the company says it has a daily maximum yield of 235 loaves a day. three grocery chains in the u-s are goin

so lampert has another chance to buy the retailer out of bankruptcy.ake a good faith deposit today. by about 20 minutes ago. i am waiting for word to hear whether that happened. the good faith deposit was $120 million. the judge threw lampert a lifeline because without the extension, sears would have already begun to liquidate. what we do know in late december, as we've been covering on this network, sears really narrowly averted liquidation, after lampert made 4.5 bid through hess hedge fund buy the company. after 126 years in business, sears filed for bankruptcy in october. this retailer was once the walmart, amazon of its day, was less profitable in 2010. it has been struggling more than a few years. the independent board, sears creditors, wants to wind down the retailer significantly i will say because they want to make sure they get paid. hedge fund manager turned ceo, wants to keep 425 sears and kmart stores open. he thinks he can save 50,000 jobs at the process. most creditors want to sell off assets, raise as much cash as possible, reduce prett

lampert's bid is the only bid designed to keep sears open.(anchor) taking a live look at san francisco's embarcadero... another storm is moving into storm is another storm is moving into the bay area. (anchor) time now to check on our weather... with chief meteorologist lawrence karnow. lawrence karnow: we had a few showers today but most of them were light. doppler radar is now tracking more rain off the coast. rain will be heavy tonight before midnight then turn to showers. the winds will also be very gust and a wind advisory is up for much wi cotomorrow with highs only in the 50s and the low 60s. it should be dry on thursday before more rain moves in on friday and late this weekend. (vicki) (vicki) still ahead... still ahead... many retailers are criticized for their lengthy paper receipts... even when just buying one or two items. but new legislation could put and end to that in california. end to that in california. we'll explain. (grant) plus after the break... fewer people are dying from cancer. why researchers say it's because many of

eddie lampert.ut will it matter as the retail ice age continues to freeze out some of the one-time biggest oldest names in the market. hillary vaughn with the retail reality check, next. witnessed, but i can tell you liberty mutual customized my car insurance so i only pay for what i need. oh no, no, no, no, no, no, no... only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ i am not for just treating my symptoms... (ah-choo) i am for shortening colds when i'm sick. with zicam. zicam is completely different. unlike most other cold medicines... ...zicam is clinically proven to shorten colds. i am a zifan for zicam. oral or nasal. comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of

holdings will ask for bankruptcy to proceed with liquidation after it could not reach an agreement with lampert. he attempted to have his hedge fund take over hundreds of successful stores and save 50,000 of 60,000 jobs but it did not meet creditor approval.

eddie lambert's efforts continue >> brian, sears chairman eddie lampert has submitted a newly revisedbillion bid which may be the only hope to keep the iconic retailer alive. this comes after they rejected his initial 4$4.4 billion bidia insufficient as part of this new bid lampert will cover the tax and vendor bills f. sears accepts this offer as financially viable, lampert and his hedge funds, esl investors, can take part in a bankruptcy auction this is the only one that would keep the company alive any offer would need to be approved by a bankruptcy court on january 31st. it's been tough times for sears. suffered sevenstraight years without turning any profit and 46 straight quarters of declining same store sales back over to you. >> frank holland, thank you very much. >>> on deck, why one of america's hottest startups is changing its name and maybe its game plan. >>> later on, oil kicking off the year with a monster rally. smart investors have banked some coin in a very short amount of time if you missed the move on oil. 5:12.manwereacrit after thisk gh ♪ ♪ memories. what we deliv

lampert's $4.4 billion rescue bid would keep more than 400 sears stores open. gary, boy, sears, is it going to make it through all of this or just a matter of time? >> you know, eddie lampert is the guy that has run the joint into the ground now he will save 400? look, eventually they will all be gone. it's a matter of fact. in my hands here 20 pages defunct retail companies, small, medium, large, extra large. most of them have the same thing in common. they never changed with the demographics, with the new type of outfits or new technology. and they were never managed well. eventually somebody beat them to the punch and they went out. sears will be next unfortunately because a lot of people will lose a lot of jobs. connell: remember all the profiles done in all kinds of magazines about eddie lampert, the next warren buffett. all that kind of thing. not written anymore but what is the future, or is there a future for sears? >> yeah, those profiles didn't were not very prophetic, connell if i could say that right. are another one in that list is service merchand

lampert's bid aims to keep5 stores open. in its last full-year report, annual sales werend $17 billion, a far cry from its sales peakf $53 billion. sears stock hit a high of $144 per share in april, 2007. when it gotelisted in october, shares were just 37 cents. for retailers in malls, the are positives that could come from a sears total liquidation. retailers like home depot and we's have been picking up market share tha formerly went to sears. mape otors say when new tenants move int a former sears store, the rents paid are from four to nine times higher. for those with fond memories of sears and kart and f its 50,000 employees, there's still a little bit of hope for "nightly business report," i'm courtney reagan in hackensack, new >jersey. lso late today, j.c. penney gave an update on how it did holidays.e the retailer said that same-store sales dropped by 3.5% but it still expects to end the fiscal year with liquidity of more tn $2billion. it also announced plans to reduce inventory and close some stores. >>> still ahead

the judge is now asking that lampert put up $120 million in a deposit by 4:00 p.m. tomorrow as the court continues to evaluate all of the components of this bid. but as of right now, sears has been given at least another life line for some period of time details though still largely tbd. >> and they want him to put up the cash court a courtney, thank you very much. >>> netflix stock is up 17% this month. we'll talk about what is behind that bounce. plus julia boorstin may have to stay in las vegas if she can't find a way out of the self-driving pod if you're turning 65, you're probably learning about medicare and supplemental insurance. medicare is great, but it doesn't cover everything - only about 80% of your part b medicare costs, which means you may have to pay for the rest. that's where medicare supplement insurance comes in: to help pay for some of what medicare doesn't. learn how an aarp medicare supplement insurance plan, insured by united healthcare insurance company might be the right choice for you. a free decision guide is a great place to start. call to

lampert's last-ditch plan must first be approved by a bankruptcy judge. if approved, it would keep about 400 stores open. but the company is not out of the woods yet. there e reports that some creditors still object to lampert's plan and would a total liquidation of the retailer. >>> the departmeneof agricults recalling workers to temporarily reopen an agency that provides services to farmers and ranchers. about 2500 farm service agency workers hale beend back to work without pay, by the way, to process existingns farm l and to provide tax documents. the office will not process new applications for trade aid payments, by the way. b >>> andore we go, here's a look at the final numbers from wall street. the dow advanced 141 points, the nasdaq added 10 and the s&p 500 was up 5. and that is "nightly business report" for tonight. i'm sue herera, thanks for joining us. >> bill griffeth. rip, mr. b. we'll see you tomorrow. >> this is "bbc world news america." funding of this presentation is made possible by the freeman foundation, and kovler foundation, pursuing

ok well the latest is that eddie lampert the chairman who many believe ran the company into the ground when he took over in two thousand and thirteen and merged with kmart he won the auction that took place in a new york court room monday tuesday and very early yesterday morning very early today late last night he won and he originally came in with an offer of four point four billion to save the company last week that was turned down it went up to five billion and then he went up to about five point three billion and that's the offer that stands now the judge has to sign off on this february first but reportedly the wall street journal says the judge was pushing for this to say four hundred stores and fifty thousand jobs so he'll probably sign off on it a lot of creditors are not happy because eddie lampert is going to benefit here number one he's not going to be responsible for any liability and the lawsuits that come from creditors number two his hedge fund gets one point two billion dollars debt forgiveness so some of these creditors are saying you know i wish we would just liquidat

lampert's bid is the only bid designed to keep sears open.ki) kroger and microsoft are teaming up to try to compete with amazon. the companies announced a partnership to bring digital shelves, price tags and advertisements to two pilot grocery stores in ohio and washington state. amazon previously announced plans to have up to three-thousand cashier-less stores by 2021... and walmart's sam's club has already opened one of its own. these options are designed to save time and money. with digital in-store options, shoppers can avoid long lines. employees can also can easily locate items to deliver to customers for pick-up orders. (grant) california is trying to cut down on paper waste. a state lawmaker showed this display of a staff member wearing a large receipt at the state capitol earlier today to make his point.today to make his point. printed on it are not items... but reasons democratic assemblyman phil ting of san francisco, says a-b 161 -- a paperless receipt bill he introduced -- is needed. the bill would require businesses in the state

>> well, i believe in 2005 when lampert took over, the company could have been resurrected. amazon one in a position. sears still had a tremendous reputation. especially in brands like kenmore, craftsman, and die hard. so there's no reason to believe the company to quote, unquote fail. >> many retirees at the sears reunion in atlanta can't understand why sears couldn't turn it's successful catalog business into a successful internet store. >> get the orders in. get the merchandise out and get it out fast. >> sears could have had control of that just like amazon, many years ago, and i guess -- >> they gave it away. >> they gave it away. >> that's right. >> well, good point. after predicting the impact of the railroad and then the highway system, how could sears miss the rise of the internet? well, it didn't. >> connect to your computer and get stock quotes almost as fast as a broker. >> remember the early online service called prodigy? it was a joint venture between sears, ibm and cbs. >> gets sports scores faster than on tv, shop at home. >> 11 years before jeff besos founde

sears chairman eddie lampert reportly winning his bid to save sears.proved his takeover bid to roughly $5 billion adding more cash and assuming more of sears's liabilities. his offer was made for his hedge fund, and it will keep about 425 sears or k-mart stores open potentially saving up to 50,000 jobs keep in mind, a judge must still approve lampert's bid. creditors have objected, so another hearing expected to be scheduled for later this week. >>> shares of snap are going to be your big stock story today. they have broken they're down 9% in the premarket. cfo tim stone resigning less than a year after taking the job. this follows the loss of snap's chief strategy officer and vp of content late last year now, in the meantime, snap says it does expect a report fourth quarter revenues and earnings near the top end of its guidance, but the market doesn't care focussing on the cfo leaving after just eight months. >>> united continental airline getting a nice pop beating on both the top and bottom lineses also issued a rather rosy outlook for earnings in 2

it's chairman and largest shareholder eddie lampert made an offer. it will keep 50,000 employees working. sears will hold an auction for assets. they will then decide between lamperted office and that. >>> the company will show off a fully functional phone with foldable screen. it will be at an event in san francisco and london. it will be ready for mass pr sfering a mainly slide in phone sales last year. those are cnbc headlines, marcus an i lt ike i have one. i put it in my back pocket and it folds. probably not the best thing. >> the hinge. what happens when the hinge breaks? >> i don't know. frank, you get it first and you tell us all about it. >> thanks, frankie. 4:41, next on "today in the bay." the time line for bay area's next storm. >> right now in a break we're seeing patchy fog across parts of the bay area. here is a look in san jose at highway 101. as we head to sunnyvale in the upper 40s, enjoying the break with sunshine. we'll talk about what's ahead coming up next. >>> the san mateo bridge nicely across, westbound taillights. a clear v

eddie lampert has raised his bid to keep the retailer in business. hedge fund has made an offer of more than $5 billion to cover severance for workers and bills from suppliers. sears is on the verge of liquidation after the rejection of an earlier offer lampert. the partial u.s. government shutdown could delay two of the most anticipated ipos of the year. bloomberg has learned neither t have received comment from the securities and exchange commission about the proposed offerings. both have filed confidentially with regulators. ford is launching a broad restructuring of its european operations in an effort to make the business profitable. thousands of jobs will be cut. the automaker is not ruling out shutting down factories. or has struggled with a shanking market share in the u.k., its biggest european market. that is your business flash update. are now on the 20th day of the partial government shutdown here in the u.s. of course, with a very divided government, i was curious about what would happen to the new left, the usmca. i spoke with the chamb

eddie lampert when he point lampert very much was looking at kmart as a real estate play.as never that i think that eddie very much viewed the combination as the potential for him to have an operating success longer term. he, as you may recall, would talk quite directly about the way that he thought a retail business that should be -- should be run and how that was different than conventional wisdom, and -- and shortly after the -- a combination of the two companies he proceeded to buy back $5 billion worth of stock at well north of $100 a share so i think that eddie, you know, very much was looking to have an operating success and to have an operating success principally under the sears brand name and obviously that didn't take place. >> yeah. so chose not to invest in the stores, of course, is one of the key criticisms, and to your point spent an awful lot of money buying back stock at very high less. let's assume he didn't though and decided to put that $5 billion back into investing. do you think it would be a different story that we'd be viewing right now. >> well, i

the and kmart stores will give e lampert until 4:00 p.m. to give $120 million deposit and new deal terms to be allowed to take part in a bankruptcy auction next monday if he doesn't. liquidators will likely prevail in the sale and sears will most likely go out of business. lampert's rescue plan would keep 425 stores open and preserve about 50,000 jobs. >>> amazon is sending shoppers free samples that are curated to their taste as part of the company's push into advertising. axios is reporting products you like free of charge may show up on your doorstep, based on your purchase history. on the amazon website, it says the idea is similar to its product recommendations but in real life, so you can try and taste some of their latest items. amazon says there's no obligation to buy or review the items and you can opt out at any time. who doesn't like free stuff? those are your cnbc business headlines. >> you said taste t i order a lot of dog food on amazon. i'll leave it to my pets to do the tasting. >> it's optional, laura. >> i can't wait, thou

sears' chairman eddie lampert presented a new bid for the company yesterday that added some concessionsis previous $5 billion proposal. the company says it's weighing lampert's offer against the sum it would recoup by winding down its business and selling its assets. liquidating the retailer would mean layoffs for as many as 68,000 people. >>> filling prescriptions at walmart may soon become harder for some patients after news the waart is leaving the network th people who get drug benefits from their employers and some medicaid members may not be able to pick up prescriptions at walmart. >>> and mcdonald's lost its right to trademark big mac in a ca broht birischaieue pean uii onsuperm lac's.erft supermac's said it never sold a product called big mac, but that mcdonald's used the similarity expansion in the united kingdom. the judgment says mcdonald's did not prove genuine use of the trademark in the european union. mcdonald's can appeal the deci i guess they weren't lovin' it, anne-marie.sion >> very clever. obviously not. diane king hall at the new york stock exchange. thanks, diane.

the retailer's board members and creditors want to wind down the business but lam lampert wants o keep25 stores open. lauren: a you new year's resolution for facebook's ceo. tracee: every year mark zuckerberg puts out his list of goals for the year. last year his goal was to fix facebook and in 2019 he says i wants to host a series of pub discussions on the role of technology in society. he will talk with leaders, experts and people in the community from different fields. zuckerberg also saying he expects to continue focusing on all of these scandals, the issues that facebook faced like cambridge analytica and the 2016 election fallout. facebook trading higher in the premarket. cheryl: at least he didn't tell us he wants to see every state in the united states and visit every state. remember that one. that emotional building of himself he was doing, i don't know. i can't remember the specifics. that was the vein of his one year challenge. lauren: the do you i dow is upe premarket. still a ahead, president trump makes an emotional plea for the wall, his first ever oval office address. d

another analyst saying that lampert's leadership is going to seal sears fate.same leadership that led to its demise. so some investors doubt that consumers take the company seriously and they say that consumers and shoppers have found other options as sears continues to close doors. >> shepard: thanks, hillary. there's word now that an american killed in a terror attack in kenya had once narrowly avoided the attacks of 9-11 in new york city. his story and words from his family coming up. ways metal vibration therapy.at: [heavy guitar lick] [glass shattering!] not cool. freezing away fat cells with coolsculpting? now that's cool! coolsculpting safely freezes and removes fat cells with little or no downtime. and no surgery. results and patient experience may vary. some common side effects include temporary numbness, discomfort, and swelling. ask your doctor if coolsculpting is right for you. and visit coolsculpting.com today for your chance to win a free treatment. >> shepard: news just in. we reported earlier on this attack in syria. americans killed, a couple s

lampert expected to offer improvements to his bid today. he acquired kmart in 2003 and sears in 2005 and merged them together. if sears closes, the bankruptcy will be the second biggest ever in the retail industry. it has more than a dozen stores, appliances, outlets and auto centers here in the bay area. reporting live in san jose, matt keller, abc 7 news. >>> matt, thank you. >>> if sears got into liquidation, it would be the latest in the stripping of major retailers to close up shop. >> threats go topher a few of these. last year we saw a big one, toys r us and osh, they closed their stores. in 2017 sports authorities and 2011, borders closed business nationwide. >> a lot of big brands we grew up with. >>> police in naacp crediting a middle school student for informing them about mass shootings in two schools. the suspect attends one of those schools, river middle school. detectives said they found evidence the boy intended to target vintage high school as well. the suspect has been in custody since being arrested last week. police also

lampert also wants to hold on to the kenmore and diehard brands. analysts fear sears is still losing money and may not be big enough to fight amazon and walmart. >>> so bill gates can afford to eat at the finest restaurants. he can also afford to hire someone to pick up take-out for him, but here he is, here is the billionaire waiting in line just like you and me for a burger at dick's drive-in in seattle. the person who posted the photo said, that's how real rich people behave, right? >> i bet they're good burgers, too. >> spend wisely. >>> all right, well, coming up, the woman who found $8,000 in cash on the street. >>> but first new controversy for gillette days after the backlash over its ad on boys' behavior and the me too movement, critics question why is the company charging women higher prices than men? the company's response ahead. ces than men? the company's response ahead. mucinex cold & flu all-in-one. fights... ...sore throat, fever, cough, sinus pressure, chest congestion, headache, nasal congestion, body pain... all in one. did you r

lampert's hedge fund will take on about $660 million in additional liabilities. in an effort to strengthen itsa propefore a monday bankruptcy auction. the hedge fund said that the plan will, quote,rovide more value to stakeholders than any other option, in particula a liquidation. >>> coming up, one of the mos popular vehicles on the road is getting a makeov. >> it the first all-new redesign of the ford explorer in eight years. but is it enough to hold off the competition? i'm phil lebeau. that story coming up on "nightly business report." >>> some positive ns for the housing market. mortgage rates have fallen to a nine-month low. according to freddie mac, the benchmark dropped to 4.45% last week. that was the sixth straight week of declines, but it is also still higherompared to last year. the drop has prompted a rise in imortgage applications a refinancings, but asee we've reporting, the partial government shutdown could keep some of those applications from closing. >>> fiat chrysler will pay about $800 million in finesnd costs to settle allegations that it use

under the new terms, lampert must come up with 1- hundred-20 million dollars in cash as a down payment liquidators looking to close the stores ends on january 14th. (james) james adlib big board. ( darya )coming up at 7... a teacher caught on camera... dragging a student with áautism. now the parents are demanding justice. fitting in good doesn't have to be hard. however you fit in good, is good with us. with twelve grams of protein and eighty calories in light and fit greek non-fat yogurt, it's easy to fit in good. don't miss the grand opening of thin burlingame.decor if you have never been to a floor & decor, you have to go to the grand opening. hardwoods, laminates, tile or stone. holy smokes, this place is huge! i'm on a budget and i was able to go to floor & decor and save a lot of money. you will be blown away by this experience. the pros come here, i come here. if you love your wallet, and you love your home, you have to go. floor & decor. now open in burlingame, 101 & broadway in the old gokart racer building. in san jose nb 101 at mckee rd overturn accident has several lanes c

. >> yesterdayy lampert has won his bid. i can't say to save the struggling retailer, but that's like talking about the arsonist and firefighter in the same breath the offer by lampert's hedge funds would keep 425 sears and k-mart stores open that would be the good news. is he responsive for getting it to this point. it's still positive to fall part a group of creditors has objected to the transaction. there's a whole bunch of fees and other things that would go to lampert's esl fund. a judge must approve the bid. >> revenue also topping forecasts as the airline scheduled more flights out of its u.s. hubs. one backed customers after a string of pr disasters united reported a 5% rise in revenue per available seat mile. a key industry metric that was at the top end of guidance the airline also issued stronger than expected first quarter guidance united ceo oscar munoz will join us at 8:00 a.m. eastern in an exclusive interview and a correction i need to make that here it's january 16th. not january 26th at the top of the show

before the bankruptcy filing, lampert had proposed a plan to restructure to avoid it but that came onlyncial plans that lampert and his hedge fund took to keep things going sears hasn't made money in several years. shoppers have complained of empty shelves and racks for some time kmarts, too, for some time at its sales peak in 2007, sears was raking in more than $57 billion. last january, they pulled in about $17 billion in revenue but when they filed for bankruptcy, they had liebltds or money than $11 billion and assets of just over 11 it's going to be a sad day. >> the great ironry that amazon became the most valuable company in the world on the same day that sears -- >> reporter: you know what else is ironic? sears was one of the most well positioned companies to actually fight amazon think about the catalog like you guys were talking about. it had an infracenter uk tur to sell directly to consumer to shift the catalog online, all of those facilities, and they just didn't take the opportunity to do so. >> jeff bezos is always telling his employees about potential for failure and we'r

is has been saved from bankruptcy its chairman eddie lampert has won approval for a multibillion dollarplan to keep it afloat forty five thousand jobs and four hundred twenty five stores across the u.s. were on the line founded back in eighteen eighty six is had its heyday after the second world war and consumer spending rose but in recent times cut for competition from the likes of target and wal-mart as well as a hammering after the financial crisis has left the american retailers situation on the brink of collapse. such a bank may not get the go ahead for a merger intended to reverse its ailing fortunes according to the reuters news agency regulators is no longer believe that his plan to merge with the fossil of domestic rival comments makes sense if confirmed the change of june would come as a blow to her as it seeks ways to revive growth and restore its battered image regulators reportedly believe the country's biggest bank needs a more powerful partner to help address its problems. as we mentioned earlier the financial sector readying for brakes it searching new headquarters in pl

. ♪ ♪ >> eddie lampert as become a 2020 campaign issue.zabeth warren slammed him in a letter citing his inherent conflicts of interest in his takeover of sears. she addressed lampert that it appears you have enriched yourself on driving the company into bankruptcy. this is familiar ground for the massachusetts senator who has centered her presidential run on making the economy work for the middle class. capitalism without rules is theft. encouraging companies to build business models on cheating is not capitalism or competition in the marketplace. that is not producing consumer surplus. i believe in capitalism with serious rules. >> for more, bringing in a reporter from capitol hill. i am thinking about president trump calling out ceos and companies. is this going to be a new thing in politics where candidates and politicians feel more company -- feel more comfortable about calling up business practices they do not like directly? >> for some of them, certainly. it is comfortable terrain for senator warren. she has been writing books about

lampert's hedge fund also declined to comment. a hearing is scheduled today in bankruptcy court.e kron 4 morning news... .. gavin newsom starts his first full day as our governor. we'll take a look back at his inauguration. don't miss the grand opening of the new floor & decor in burlingame. if you have never been to a floor & decor, you have to go to the grand opening. hardwoods, laminates, tile or stone. holy smokes, this place is huge! i'm on a budget and i was able to go to floor & decor and save a lot of money. you will be blown away by this experience. the pros come here, i come here. if you love your wallet, and you love your home, you have to go. floor & decor. now open in burlingame, 101 & broadway in the old gokart racer building. (ácommercialá)(áábreakáá) (james)(darya) lets start the half hour with a check of weather and traffic... today will begin dry but showers will continue to approach the bay into the afternoon resulting in rainfall for the evening commute. daytime highs will remain comfortable in the upper 50's and low 60's before a cool, rainy and windy evening

lampert's admitting a revised offer to buy about 425 sears and kmart stores and keep 50,000 dmployees working. sears will hol an auction on monday for its assets the company will decide between lampert's office and bids from liquidation firms. >>> andticker shock. it may soon cost you more to buy a tesla. elon musk tweeting the company will stop selling the cheapest versions of its s model and x. starting on mont, it will no longer take orders for cars wh a 25 kilowatt batteries. i'm frank holland. >>hat's 80 grand for the cheap one, forhe cheap version. >>> all right. so speaking of technology, the world's bigge is now in full swing. we're talking about the consumer electronic showrces in vegas. >> for the rest of the week, developers will showcase the latest gadgets, innovations from ound theworld. steve greenberg author of gadget nation joins us w oh somef his favorites. >> reporter: 15 mil o aisles, 4,500 exhibiting companies, this is truly geek heaven. this consumer electronic show has it all. one of the big buzz words here at ces got to be autonomous driving and some of the n fe

if lampert's bid is possible, the brands could live on. with your cnbc business report, i'm frank holland. >>> first traffic alert on i-270 involving a montgomery county police officer. northbound 270, the local lanes before montrose road. we just spoke with montgomery county police. e officer is okay. there's other injuries. we're shut down. northbound 270 before montrose in the local lanes. the maines are getting true. thisws sho you how slick the roads can be. you have to take it slow. chuck? >> absolutely right. get your ice scrapers ready. get all of the snow off of the roof. make sure your windshield fluid is tipped off, as well. you're going to need a l hey. i heard you're moving into a new apartment. yeah, it's pretty stressful. this music is supposed to relax me, though. ♪ maybe you'd mellow out a bit if you got geico to help you with your renters insurance. oh, geico helps with renters insurance? good to know. yeah, and they could save you a lot of money. wow, suddenly i feel so relieved. you guys are fired. get to know geico and

eddie lampert won the share option with a $500 billion bid today. he will now be able to keep the roughly 400 remaining stores open and save the 150,000 jobs. this comes as sears was forced into bankruptcy in october. >>> the dow jones is up nearly 200 points. stocks are in positive territory following results from major banks like saks and bank of america. >>> risky pranks and bird box anytutting daauseveongerwelcomua emotional stress. making sure what's funny doesn't cross the line into being harmful or dangerous. prank videos have two months to review their content. >>> back to our storm watch. check out these whiteout conditions at the resort near lake tahoe. you were brave enough to go outside and thanks to these elements, traffic also came to a standstill while snowplows clear the roads and it sounds like it is going to get even crazier over the next 24 hours. >>> that's right, we are tracking this powerful storm system that will bring a lot of rain to the area and even a blizzard warning up in the sierra. we are talking a lot of rain and a lo

chairman eddie lampert, who held a torch for this company for so long, has been granted more time for his bid to save the iconic retailer. a bankruptcy judge now says the retailer will move forward with a planned january 14th auction which is contingent on lampert providing a $121 million deposit by tomorrow afternoon. who among us can do that? his hedge fund has bid $4.4 billion to buy the business outright which would keep 425 stores open, about 50,000 people employed so a lot of people on tinterhooks about this. shares spiking more than 20% on the news. we have it up now 23.5% but it's a $37 stock, folks. >>> all right. when jpmorgan chase chairman and ceo jamie dimon speaks, the markets listen. this morning, he spoke exclusively to "mornings with maria" on the recent wild market volatility. listen to what he said. >> sometimes that adjustment is reasonable and prices now are more reasonable and you know, like with high yield we had no bond issuance in december. my guess is you will see something happen soon and the market's going the opo open up u take a deep breath. there will be

the judge approved lampert's $5 billion bid two weeks ago. the government is worried about alas bid that could lead to sears getting court approval to wipe out its pension. >>> a live look at the new york stock exchange. trading is getting under way this morning. we are up in the green 114 opponents right n points right now. that's good news for investors. it was lower yesterday on concerns china is impacting u.s. companies. apple is set to report earnings today. that could have a big impact on trading. speaking of apple, the company is this morning promising to act fast to fix a new iphone bug that could let people listen in on you. >> that bug was first discovered by a twitter user and 9:00 to 5:00 macrepoac reported on it.i. it happens when they use the group call feature. even if the person doesn't answer, the caller can be heard and possibly even seen on video. >>> abc's tech reporter on "good morning america" to explain how to protect yourself. >> there is something anybody can do, i did it on my way to work this morning. you open up th

the company will decide on lampert's offer and bids with liquidation firms. with your cnbc business report i'm frank holland. >>> schoolkids are getting excited about chances of snow. today, focus on your studies. you're going to class and you'll be cold getting in and out of ing today. temperatures stay in the chilly 30s with windchills in the 20s .l day lo if you got it and it keeps you warm, put it on. hats with tiedowns required. an update on the weekend s chances and what effect it might have on monday's school, coming up. >>> taking a look at 66. chopper over66 at 50. a little volume and a couple other problems around townnd full details aravel >>> we have some breaking news. maryland state senate president mike miller is battling prostate cancer. miller's a democrat from calvert county and he serveds senate president since 1987. >>> today will be maryland's second day of a new legislative session. he kicked off yesterday in gnapolis. you'ng to hear a lot about education funding and raising thetate minimum wage. virginia's attorney general also went bac

last week eddie lampert submitted a revised $5 billion offer that would keep 425 sears and kmarts open and up to 50,000 employees working. it's unclear how that bid stacks up against others which are mostly from liquidation firms. if the bid loses, it is possible k kenmore and diehard could live on. >>> shipping news. fedex is testing residential delivery of bulky products. that's something that was traditionally left tow trucking companies because large items don't fit well into a courier center. that would be offered through fedex's freight business. they would carry washing machines and sectional sofas into your house and put them together. >> if they could do the laundry, that's even better. >> there you have it. >> thanks, frank. >>> coming up on "today in the bay," kari has a look at the forecast. >> we'll start out dry. we'll see rain by the afternoon. a live look outside in san jose at 101 as you get ready to head out. over towards evergreen, we could see rain as early as 9:00 this morning. i'll track this and some stronger systems for the work week coming up next. >>> we'll st

lampert acquired kmart in 2003 and sears in 2005. smokesman for sears and hedge fund declined to comment. sears has more than a dozen stores, appliance outlets and auto stores in the bay area. reporting live, matt keller, abc news. >>> thank you. police in napa are crediting a middle schoolboy about informing them about a mass shooting. he attends river middle school. detectives say they found evidence the boy intended to target vicinity annual high school as -- vintage high school as well. he's been in custody. he threatened to kill the boy who gave the tip about the deadly plot. >>> at norcal rapist facing 22 charges. the charges stem from seven alleged victims in six counties. roy charles waller accused of targeting victims in northern california communities, including here in the bay area between 1991 and 2006. a dna match led to his arrest last year. waller worked at uc berkeley for 25 years. >>> this morning we're hearing from the attorney of the jogger who claims another woman bit her. a story we've been following since friday

lampert submitted a revived $5 billion bid after his initial $4.4 billion offer was rejected. sears will consider the new bid during a bankruptcy augusts on january 14th -- on january 14th. lauren: 50,000 jobs at stake here. an iconic new york building is up for sale. tracee: it sure is. according to a minority owner of the building and a broker hired to market the property, the chrysler building, a defining piece of new york city's skyline, has been put up for sale. it is 90% owned by the abu dhabi investment council, a sovereign wealth fun. the asking price for the building not yet revealed. cheryl: that's the best part of the story. oh, man. tracee: sorry, guys. lauren: we should make guesses. thank you very much. cheryl: taking a look at markets, stocks actually ended higher for a fourth straight day yesterday with the dow industrials racking up the longest winning streak in two months. but we've got a partial government shutdown underway right now. could that throw coldwater on the rally? let's bring in rebecca walzer, wealth management ceo. good morning. >> good morning.

eddie lampert trying to save the retailer he submitted a newly revised $5 billion bid. company rejected the 4$4.4 billion bid. lampert and his hedge fund will be allowed to take part in a bankruptcy auction that would happen on monday. lamb per the's proposal which would buy 425 sears and k-mart stores is the only one that would keep the company alive that's important here. th that offer and any offer will keep it going. >> lots of employees waiting to hear about what happens with this. >> absolutely. >> hey, froggy -- >> you know, i'm losing my voice a little bit but, you know. >> you're here you're ready to play. >> here's the thing. >> i have to be efficacious with what i say. >> it's as good to be as parsimonious with your words as possible today if i say something and normally you'd be, oh, god, i've got to push back. >> save my voice. >> better to save your voice. >> i will. i will try. >> some friendly advice. >> friendly advice >> you know what i was thinking we could do. >> man -- >> i was thinking this don't tell him. >> take advantage of a man down? >> no, i'

under the new term, lampert must come up with $120 million. >>> there are questions after netflix claimedhere's data from nielsen that backs up that number. >> you hear something in the woods, you tell me. >> according to nielsen, nearly 26 million viewers watched the film which stars sandra bullock, this is during the first week of its release. this number does not include viewers outside of the u.s. or viewing that happened on mobile or laptops. that might explain why netflix's number was so much high per. of the debut of "bird box" came in second after "stranger things." safe to say, a lot of people are watching "bird box." >> if you look at youtube, too many empoor taking the "bird box" challenge as well. >>> and ahead, british lawmakers resuming their debate over theresa may's brexit deal. a live report from london is next. i wanted to help protect myself. my doctor recommended eliquis. eliquis is proven to treat and help prevent another dvt or pe blood clot... almost 98 percent of patients on eliquis didn't experience another. ...and eliquis has significantly less major bleeding tha

. >> some creditors are challenging the winning bid by eddie lampert.hey're suing him and his hedge fund esl. they claim lampert wrongfully painted himself as the savior of the company. when in tult he made moves to benefit himself. it w't -- tyappr -- won tentati approval by years. a bankruptcy judge must approve the bid by next month. >>> amazon for teens is being launched. that's right. now teens can create their own profiles and make purchases. now parents will be notified and can either approve or deny the order. parents can also set spending limits on their teen's accounts. teens will have access to their parents' amazon prime shipping and prime video because never ever has a teen been able to find out what their parents' password was. we'll see how this goes. >>> taking a live look at the new york stock exchange. look like we're still up about 142 points. in the south bay, the two-month mystery of what happened to san jose's iconic orchard supply hardware sign is solved. it has been recovered intact. police delivered the vintage sign to the histo

when eddie lampert first bought sears in 2004, merged it with kmart. stores, 200,000 workers. charles: by he was being called the new warren buffett at the time. there was a couple financial stations i won't say who, urging people to buy the stock. that is all i'm saying. susan: i watched a few interviews there. charles: thank you. now there is this. plenty of controversy overgillette's newed new ad, for men to shave away toxic masculinity. fort knight is keeping them up at night. this is about the gaming revolution, "varney & company" has been on before anyone else. more "varney" after this. ♪ [ phone rings ] hi, tom. hey, how's the college visit? you remembered. it's good. does it make the short list? you remembered that too. yeah, i'm afraid so. knowing what's important to you... it's okay. this is what we've been planning for. thanks, bye. that's what's important to us. it's why 7 million investors work with edward jones. ♪ susan: yeah. charles: all right. susan: he would like this one. charles: of course a classic. susan: probably one of their mos

if sears accepts the offer, it would only allow lampert to participate in an auction on monday. he d submit a $120 million deposit to beo eligibility t make bids to save the company and roughly 50,000 >>> the richest man in the world will now have to figure a way to split his wealth. >> there you go. amazon ceo and founder jeff zos announcedn twitter he and his wife are getting a divorce. the decision to divorce comes after a trial separation. the couple has been married for 25 years.s bezos worth about $140 billion. that's billi with a "b." his marriage played a role in the creation of amazon, which is now the world's most valuable when that divorce is finalized, you will have the world's most religible bachend bachelorette. >> i was going to say, yep. >>> still ahead on news 4 today, the.c. region population is growing. how metro plans on handling that boom. >>> plus, a rash of car break-ins caught on wham r what you can do to keep yourself and your belongings safe. >>> news 4oday starts now. >> good morning, everyone. i'mn yang. >> i'm chris lawrence in for aaron. we're here,

attorneys for sears said they had reached an acceptable agreement with a hedge fund controlled by eddie lampertirman and former ceo of sears.so sears started the clock on an auction period that ends on january 14.if you think netflix has been churning out a lot of movies, just wait and see what the count will be by the end of 2019.according to a barclays report released this week, the streaming giant plans to this 35 documentaries--and based on the average budgets for the genres netflix targets, barclays projected netflix could spend $2.5 billion to $3 billion to make them.that's more than any other studio besides disney.a new study of 30,000 4-14 year olds in the u.s. reveals how much allowance kids got last year, what they did with it, and that smart money habits can start young.rooster money says the average allowance paid to 4 to 14 year olds last year was 471 dollars last year, or 9 bucks.a week, and kids saved 42 percent of that.most of the kids did work around the home to earn the m oney.69 percent of parents gave a regular allowance.live from the nasdaq marketsite, i'm jane. king back t