lundgren has been there since 1998. what a story. this is bloomberg "surveillance."oe weisenthal in for scarlet fu. and brendan greeley is in for both of them. the lovely julie hyman. >> i am in for myself. european lawmakers taking aim at google they want google to consider -- they want the european commission to consider unbundling services and google namet being mentioned by but is being investigated for possible antitrust violation. a peaceful thanksgiving day and ferguson, missouri after three days. troops are still deployed on the streets. the area were most of the writing took place has been called. michael brown senior rejected the story told by police officer aaron wilson. he was wrong for what he done , so he fixed his story. why are we just now hearing from him? this is the question. if he didn't do anything wrong why even try to reach out. >> you can watch all of the interview with his parents tonight on charlie rose. that's tonight at 7:00 p.m. eastern time. it issbane australia being called the worst storm in decades, the city was tattered by golf ball

lundgren.around from the dark days of macy's to their multimillion dollar expansion at carol square. >> and we also talk about the on the options that terry lundgren is offering. >> stay with us on retail. it is bloomberg surveillance. good morning. ♪ >> good morning, everyone. we welcome you worldwide and in this wednesday. we hope you have saved travels. scarlet fu is with me. brendan greeley is off today. -- unido laments here until are you and i the only ones here until 2 p.m. today? >> i am off at 10:00 a.m. with extrarrive suitcases at jfk and go home laden with suitcases of extra stuff. the chinese buy in new york, seattle, london, or do they buy in china? >> to answer your question, they don't buy in china compared to what they buy abroad. two thirds of their spending happens abroad and only one third in china. they are traveling like never before. they are buying in paris and london and new york. really have the bragging rights to go back to china and say, i bought this, and they are w

allison lundgren-grimes gave him a strong race. there were a number of times where the senate minority leader was pretty scared about the possibilities of her getting far more momentum than they anticipated. they were confident they were going to win, seven points as much as what the polls were indicating. they didn't see it being a 15-point victory. they conceded that was much more than expected. there's a lot of things that happened on the ground here in kentucky. president bill clinton campaigned for allison lundgren-grimes. mrs. clinton campaigned here and didn't do much help. grimes read a very, very tough pain. she was aggressive and was on offense a great deal going after mr. mcconnell. he is unpopular on the polls here and across the country because he is an incumbent, and there's so little going on in washington. confront the with the choice of a up and coming democrat, kentucky republicans. >> the senator will be there in just a moment. monica crowley is -- fox news contributor. carl just brought up the fact that hillary

let's hear more from that interview with macy's ceo terry lundgren. tom keene asked him about the herald square renovation here in new york. you just heard julie hyman say 15,000 people have gone into it already. hear how he says it is paying off. >> this store is all things to all people. that is what we wanted to make sure of. you can get a $9.99 toaster and a $2000 louis vuitton handbag. it needs to cater to everyone and that was the renovation -- that is what that was all about. >> i am out of reach out questions. i had to bring in somebody smart and expensed. here is gilbert harrison. sellingme about what is . is a barrel getting stronger with so much more money in consumers' pockets? apparelest thing about last night and this morning was active apparel. anything active is selling like crazy -- men's, women's, and children, and also functional active apparel -- spectator. you might look active come but you are not out there doing exercises. secondly, it is clearly outerwear. it is an outerwear season for the code climate stores. -- cold climate s

lundgren is the man with the midas touch. i spoke with the founder and ceo of the container store, who put up similar numbers and saw his stock plummet 25%. as we'll hear later in the show. same numbers, one guy goes up 5, the other goes down 25%. for macy's, it's about the exploitation presentation game. and lundgren is threading the needle perfectly. even though in a moment of peak and idiocy, i cut him from my fantasy team to pick up teddy brid bridgewater. don't worry. which brings me back to quiet money-making machine apple. most of the stocks i follow have tremendous moves like apple are championed all the way up. you hear them every day, razzle-dazzle, yeah, yeah, pound table. yet i haven't heard a peep out of many of the former loud-mouth apple analysts, for the simple reason, they don't have anything to say. that's because all they want you to do is trade apple. trade it on apple pay, which is supposed to be a bust. until we learn that almost every major bank andwo major credit cards support it, which was kept secret

it's a swedish name, lundgren. everybody knows that. target's ceo brian cornells is on squawk on the treat at 9:45 a.m. he's probably american but i gave it a swedish twist. >> i'm sure he appreciates it. >>> now, the group of hackers known as the syrian electronic army, a group on thursday, it displayed a message that said, you've been hacked by the sea. nadal, microsoft, the guardian, telegraph and cnbc.com were targeted. joining us now is e.j. hillbert to help us understand the risk with cyber security, especially now as many people will be missing out on the traditional shopping experience in the u.s. and shopping at the convenience of their home online. what is the biggest risk that is posed this season? >> few people pay attention to this. in fact, yesterday was the first day of the holiday scam season, as well. so the bad guys know that everybody is going to be shopping online, that they're going to do this, and this is when they up their game on the attacks and the attempts to steal money and confuse consumers into who they're g

who better to join us this terry lundgren? he is the chairman and ceo of macy's. it is great to see you today. >> thank you, becky. happy to always talk to you. >> thank you for joining us today. i know this is a really busy time of year for you. i just wonder how you think the consumer is doing this year compared to the last few years and how the early numbers are going. >> well, i think we have all said that we expected the consumer to be behaving slightly differently by now, but they are spending more money clearly on health care and technology. there's lots of places where they're spending more money. but the first nine months of the year, you haven't seen it in discretionary items. it's been okay, but it hasn't been robust. i think the consumer is starting to feel better right about now. the gas prices are big news today and all last week. that's got to help the consumer. got to put more money in the consumer's pocket. i feel very strongly this is going to be a good finish to the year. we should be off to a good start by 2015 with some of these strong, solid

. >>> coming up, don't mystery lundgren. he'll be joining us. also the toy insider and former staff staffer steve sadove. we'll be right back. >>> woeb. the big story this morning, the price of oil. lower by more than $4, almost $5. a decline of 6.5%. brent is slightly positive. gasoline is lower by 1 1 cents here in the united states. big move. let's see how it's affecting the u.s. futures market at this point. negative open for the dow jones industrial average. 27 points. the s&p 500 would open lower by more than 3 but the nasdaq would open higher by nearly 8. >>> today, a shopping bonanza is now under way following yesterday's early thanksgiving sales. joining us right now with his thoughts on how retailers will do today is jerry. he's currently the ceo of storch advisers. great to see you. >> good morning. >> how do you think things are going so far? >> i think pretty well. the feels like a good environment out there. retailers started earlier on thanksgiving and the traffic continued until you got to bedtime. so it feels pretty good. having

talk more about that as well as the upcoming thanksgiving day parade is the ceo of macy's, terry lundgren. thanks for being here. >> thanks for having me. >> you reported earnings just a short while ago and talked about the rest of the year, taking your expectations lower. what are you seeing in the economy right now in terms of consumer spending? >> well, we had a little bit of an insight into this of forecasts back in february when we said we need to take $100 million of expense out of the business because we just didn't feel like the economy was moving in a fast enough direction. by now we all would have hoped we'd be quipping along at 3.5% to 4% gdp, but they're running at 2.5% to 3%. 2.7% i think, is the last take. that's not enough to drive a company like ours. we're a $30. retail company. we need the economy to do well. and we've been doing well relatively speaking. we took up a lot of market share. but we knew we had to do something different. we had basically flat sales slightly down, actually, in the third quarter, but we had an increase in earnings of 23%. i think that's what's

our very own jacqueline lundgren was mc for festivities. >>> devastated by flames. a south jersey business picking up pieces after being ravaged by a fire overnight. >>> a man killed in a bar in an area not known for its crime. what police have uncovered so far about a murder in lancaster. >> announcer: this is nbc 10 breaking news. >>> an update now to breaking news. a police officer has been taken to the hospital after a hit-and-run in south philadelphia. the video seen now is from a viewer. that cruiser catching on fire shortly after the police officer was removed from the vehicle. it crashed into another vehicle or got into an accident around 5:30 tonight. the other driver took off. police are still looking for that driver. that cruiser again caught fire shortly after that officer was removed he has been tan to the hospital but appears he will be okay. we have a crew going to the scene. we'll bring you information when we get it. >>> we know what's to blame for last night's gas leak in jersey. >> after a cold start to the weekend, we're tracking warmer temperatu

if allison lundgren grimes pulls off a comeback, it will be shown as an endorsement for president obama'ss'. rand paul said he was proud to support mitch mcconnell, and mitch mcconnell made it clear the one thing he's not going to do is let allison lundgren grimes get any closer. take a look at the rally cry for mitch mcconnell. >> reporter: the slow growth, the threat to the next generation. these people need to be stopped and it starts tomorrow night. reporter: because of how much is at stake. $100 million is expected to have been spent. it sort of plays out with what we are seeing in the polls. the republicans and mitch mcconnell seem to have a lead heading into the final day. not so much that an undecided break could turn the race another way. so this will be a nail biter. >> martha: that's no doubt what grimes is hoping. what's her plan for next 24 hours? >> reporter: push, push and get out minority votes. this race has been charged with allegation ofration of both sides. alison grimes had a big rally and at one time she started waving a mcconnell flyer. she is accusing the republica

it showing mitch mcconnell is 50% or as allison lundgren brought it to 41%.other key races, georgia, david purchase do you the republican at 48% to michelle nun there, everybody is keeping an eye also on louisiana. there mary landrieu has 45%. there could be obviously a runoff. so peter, tell us what races you are following most closely. >> these two races are fascinating because of the runoff potential here. no one thinks that mary landrieu and louisiana is going to hit 50%. so that means that cassidy, bill cassidy, the congressman from baton rouge will head up to a runoff in december. then in georgia, democrats are hoping, they think it might be an outside shot, michelle nun, the democratic nominee krks hit 50%. they're certainly hoping for that. that runoff will go through january him so if the senate is a jump ball after tuesday, control of the senate could come down to these two races. outside groups have reserved millions of dollars of air time in both of those states for the runoff elections. democrats would love for their candidates to get 50%. i will

terry lundgren shows you, don't bet against me. he talks about maybe we have different weather patterns. i think this is going to continue what has been a very nice run in retail, even as you would say, well, where is the line about gasoline, disposable income. not there. >> we're going to talk later on, in a few minutes, about what you do with jcpenney today. reporting after the bell. >> much tougher. >> men time, despite sluggish sales at mcdonald's, the nonexecutive chairman telling "fortune," quote, we're very supportive of donn. we see the leadership team moving forward with a sense of urgency. language matches almost exactly what was in that comp release. >> travel trust owns this one. feel it's a very inexpensive stock because it hasn't done anything. people probably say, why didn't they say, you know what, this is not exactly what we're looking for. the fact that they're for him -- in some cases, people will say, you know what, these guys are oblivious. i look at the last month's numbers and i see improvement. >> dramatic f

in the senate, the kentucky republican is facing a fierce charge from democratic newcomer alison lundgrens. but the latest poll shows mcconnell is poised not only to hang on to his seat but possibly assume the title of senate majority leader. he has a commanding nine-point lead over grimes. but lundergan grimes says she isn't done yet. >> mitch mcconnell can buy the airwaves but he can not buy the hearts and minds of each and every one of you. you know that after 30 years, three decades of mitch mcconnell we deserve better. we're coming down the home stretch. let me tell you, this strong, independent kentucky woman, i got kick left still in me!" [ applause ] i'm not giving up. >> she's got to overcome nine points, though. here now cnn political commentator and democratic strategist hilary rosen and republican consultant margaret hoover. welcome to both of you. >> thank you. >> thanks for being here. sohill rir so hilary, is it over? >> the odds are against alison grimes but here's the interesting thing for me about that race which is a lot of republicans i talk to say that republican sena

the ceo terry lundgren, the man credited with turning around macy's several years ago, said comparedst year where the numbers were above expectations they didn't expect the same shopping environment for all of 2014 but here's the thing. the news is not all bad. at the expectation is still optimistic for the holiday shopping season, which you can can almost argue began before halloween, by the way. he thinks it's going to be good. he feels the products are going to offer tnd stores are going to deliver not just sales but happy faces for all the kids out there. and investors actually seem to agree that stock did gain 5% today. you mentioned, stewart, best buy and target. in is interesting. they're offering a glimpse of black friday deals. the retailers are among the first to release sales catalogs for the start of the holiday shopping season. they've got door busters including big discounts on televisions. that's the big story this year. the retailers also have plans for ipads, video games, and then you've got walmart. they're changing course. this is the largest retailer in the countr

we talked to terry lundgren of macy's earlier who pointed out that macy's is now the eighth largest internetompany after netflix, presumably in amount of sales. >> i don't know how he measures that. >> i don't know either, he did not specify. macy's has been held up as a retailing example of doing it right online. getting aike we are lot of numbers on online. it is early for traffic numbers. i did see one comment on twitter, it's interesting, although retailers are terms ofng online, in what they have told us, and not talking about floor traffic, hard to see if that is telling at this early point or not. >> one company getting a boost from black friday is target. the ceo brian cornell announced that thanksgiving was their biggest day ever for online sales. he is with us now from the new york stock exchange. good morning to you. on blacky 10:04 friday, but given your stores were open at 6:00 last night, giving you give us a sense of how big the thanksgiving day weekend is likely to be this year versus what you did last year? >> is still very early in the day, only 10:00, but i saw some encour

. >> you have been watching bloomberg chairman peter grauer's exclusive interview with terry lundgrenairman of macy's. we have been watching what has been -- what is coming up not only for the future of technology, but business. friendly fork virgin america. the airline just went public. they raise $300 million. and the stock is up today. we talk to the ceo of that company. plus, retail of -- from a different angle. he will talk to the ceo of the home shopping network. mindy grossman. stay with us on "market makers ar." ♪ >> virgin america is taking flight today as a public company, flying pretty high so far. shares surging from the $23 ipo price up to -- and up almost 30% now. joining me is the ceo, david cush. david, thank you for joining us this morning. that's a big pop. 30% is definitely good for investors. it also leaves a little money on the table. i think we were comfortable with that. wered -- >> i think we confident with that. we had a discussion last night with our core investors and i think we wanted to ensure that investors were coming along their side and feel good about

it's been a very full and complete thanksgiving already. >> terry lundgren, we hope you have some sleepe very well keeping it together this morning. thank you so much for joining us, giving us an idea of how macy's is doing this thanksgiving holiday. thank you. >> thank you, guys. >>>. >> hope he gets a chance to shop today. he probably gets the corporate discount. >>> 38 minutes after the hour. president obama needs a new secretary of defense. the question is, does anyone want the job? and if they do, will republicans in the senate allow his nominee to get through? right now, you can get a single line with 3 gigs for $65 a month. 3 gigs ... is that a lot? that's about ... 100 app downloads, 45 hours of streaming music, and 6 hours of video playing. (singing) and five golden rings! ha, i see what you did... (singing) four calling birds...three french hens ...(the guys starts to fizzle out) two... turtle...doves... i really went for it there ya you did ... you really, really did now get 3 gigs of data on one line for $65 a month. switch to at&t, buy a new smartphone and get $150 credit p

kentucky stands to be the new senate majority leader beating his democratic rival in the state, allison lundgren-grimesing us the result that we had hoped for. this journey, the fight for you, it was worth it. for theontinue to fight commonwealth of kentucky each and every day. >> bank of england governor mark carney inherited a bureaucratic numbering institution according to the bank's own internal survey. the bank employees used keywords like hierarchical and slow-moving. he hired them to do the first acts. the rebel held eastern region is illegal, merkel says. she said she sees no reason to lift economic sanctions against russia after hearing that they are amassing military vehicles in the region. >> oil prices continued to concerns.er over saudi arabia has reduced the cost of crude and the u.s. increasing supplies heading shale production. joining us now to discuss the oil market is our opec man, ryan chilcote. all the time.nd it's important for these members, isn't it? >> if you want to figure out where oil is going to go, you have to not just watch the actions that follow their movement. the oil

allison lundgren-grimes and there was a sizable gender gap if colorado.vored republican cory gardner by 14 points. 59-45. senator mark udall won the fe pail vote by that same margin. >> mer my, what do you make of this? >> i think you have to wonder when democrats pull back on the war on women, i mean, clearly, you can do the trick in colorado. it was not as helpful there as it would be in north carolina. i think democrats right now are kind of in a reassessment mode as to whether or not the same playbook tehran if 2010 and 2012 will be effective in 2016. >> it wasn't effective in 2014. also, we had mary landrieu say that gender and race were two things driving things. there are a lot of people that rolled their eyes. we had yesterday they suggesting race was a huge issue in the south and that's one of the reasons democrats are doing badly. he comes from the state that elected. reelected and indian american woman and an african-american male. >> right. well -- >> state wide. >> let's not read too much into that. i think the -- >> wait, i'm sorry, jeremy,

ceo terry lundgren will join me for "sunday morning futures," 10:00 a.m. eastern on the fox news channel. hope you join me on "fox news channel.." stuart over to you. stuart: thank you, maria. what do you think, 18,000 by thanksgiving? could just be. good friday morning, everyone. it is a sea of green. stocks rise all across the board. look at this. the price of gas falls sharply overnight, putting more money into your pockets. what is going on? well, this rally has nothing to do with immigration. it has got everything to do with the lingering effects of the republican election victories and china's surprise cut in rates overnight. so log on. go to your investment account. check your 401(k). smile, "varney & company" is about to begin. stuart: oh, check that big board please. this is another record day. 130 points higher as we speak. pretty much the same story for the s&p 500. it too is on its way to a nice new high i believe, up .7%. 2067. let me show you the biggest name of them all, another new high, only just up, up more than this earlier. that is appl

terry lundgren spent more on technology. >> gas prices, you see the forecast, u.s. government's forecast for gas prices next year below $3 a gallon. that's $61 billion in consumer savings over this year. >> someone saying $40 billion in investment is going to come out of the oil patch. that is untrue. i would point out that the longer it stays down, the more people acclimate to it and start changing their schedule, start changing they do. >> believing it will last. >> right. environmentalists, hold your ears. this will be a real denton carpooling. more cars will be bought. people say the f-150, you don't have to worry about gasoline. wrong call. people use more gasoline when the price goes down. this is according to one of the biggest producers, marathon. >> interesting. >> i think this is all good for the consumer. as the consumer gets adjusted, the consumer will spend more. jc penney did not go there as much. >> walmart did say one of the things working in our favor. >> you have an incredible percentage of people on money spent on gasoline. this is a game changer

but what's going on is you have democrat candidates like mary landrieu, like allison lundgren grimes in kentucky who even ran -- was running ads until a couple days ago on the immigration issue being against the immigration issue until latinos and other immigrant groups started protesting. so, you know, let's just be clear-eyed on what we're doing, where we are, and why it's happening, and i would say the same thing on the republican side. there was all this impetus to get immigration done after 2012 because we got shellacked and then we got shell shocked by the idea that 71% of latinos had voted for the democrats, for president obama. so, you know, yes, that was the big motivator, and, again, it didn't happen this year because of politics. so, you know, it's important that we be honest and clear with this and where we are because it's time that we stop being political pawns in this bigger chess game by both parties. this is an important issue. it's important not just to the latino community, the immigrant community. it's important to the country, to national security, to the economy

i don't care if it is mitch ,cconnell or allison lundgren it is somebody that is going to talk truths, work with the president, and the president vice versa with them. host: neither of those candidates sound like they are all that eager to work with the president, even the democrats. she says she has disagreed and she will continue to disagree with the democratic party and the president. caller: when you have the policies coming down from washington that are not calling for balance of trade or balance of budget, i was the mayor of a town and we had a balanced budget. you had to have a balanced budget. you had to work within your means. if you are spending too much, you cut up the credit cards. host: have you decided who you are going to vote for? in the senate race? caller: no. i have not. i'm still mulling it over. i want to hear something more than an attack ad from these people running for office and that is all they have to offer because it is not about policies, they are attacking each other, they are attacking the president. host: all right. what is the number one issue across a

. >> allison lundgren grimes, the idea that can you run away from a president in your own party is nonger true. in 2010, president obama's approval rating was below 70%. in 2006 bush was 45 or below in 20 states, republicans lost 19 of the 20. can you invite him or not invite him, but you're on the ballot, when your party holds the white house, that president is on the ballot with you. >> let's talk about north carolina, margaret. the most expensive race this year, it's a purple state. what do you see in this race? >> had this is absolutely within the statistical margin of error. all the polls are plus or minus two points in either direction. this was a state that went for mitt romney and barack obama. it's unclear whether tom till sis going to pull it out and kay hagan is going to need african-american turnout in order to get the numbers. >> they've made enormous inroads, the demographics are changing dramatically. but the $111 billion spent in the state is crazy town and obviously the vast majority is not from the candidates, it's from the outside groups so there's, this is a real r

it is still though this is sort of became a national race, became a race about alison lundgren grimessident obama and that's not where you want to be in a state where became won something like 38% or 39% of the vote in 2012. a big reason mcconnell won is not because of mitch mcconnell but the other guys. host: our next call is from michigan dave watching who sis a republican. what did you think of the outcome in your state? caller: i'm very happy with what is happening and i'm glad people are waking up. it is a good seen for our nation. i believe that the republican party has become what the democrats used to be and the democratic party has adopted the socialist platform. so now we've a fight going on in michigan between what we call conservative republicans and more liberal republicans and it has gotten to the point where it is almost a two-party on our side. we banded together to get things done. i'm hoping that democrats will realize that their party has gone socialist, come to the republican side and then we can get more done in our state that is good for the people instead of goo

he easily dispatched secretary of state allison lundgren-grimes and north carolina the house speaker,other democratic fbt senator kay hagan, mary landrieu and bill caddyssidy, they neither reached the threshold, a third candidate that cut into some of their support. over if arkansas another democratic incumbent, mark prior, he lost his job last night to republican congressman tom cotton. iowa, there you just heard it from those famous lines from joni ernst, making them squeal. well, she did what she needed to do. she is the first woman we should mention now to represent iowa. senator elect, the first woman there. that of course was a seat vai indicated by some many democrats remember fondly tom harken he's retiring. if. ga, david perdue edging ahead, avoiding a runoff with michelle nun. daughter of sam nunn. jeanne shaheen in new hampshire narrowly defeating skwot brown. he was a senator from a different state, massachusetts. kansas incumbent pat roberts has been fighting back from independent greg orman and republican sam brown back who wasn't supposed to be in this close a race he r