and we're doing this also now at macy's. our bedding and all our beautiful housewares are at macy's. that's where you go now. and i want everybody to know that because it's hard to change an attitude from one store like the kmarts which now no longer have our product to macy's. >> rose: so everybody who was going to see martha at kmart now these go see martha at macy's. >> so all of you watching, we're now at macy's. but at home depot we have a great opportunity because we're making outdoor furniture, we're making beautiful v.o.c. paints. do you know what that means? those are paints that are environmentally friendly. >> rose: oh. >> and we have 280 great colors. we are doing kitchens which are beautiful and people, don't redo your kitchen yet until you see my kitchens. >> rose: why didn't you get in real estate development? >> we did. well, not development but we have been working with k.b. home to develop lines of houses. so the martha stewart houses have been selling even through the recession. not in great quantities bec

maybe macy is doing well. j. screw is a hot one. no, man, things are good. the stock market is up, people start spending when the stock market is up. let's go to kurt in washington. kurt. >> caller: jim, what's going on? >> i don't know, kurt. they're bossing me around like usual. you know, the puppet master, you know how it is. go ahead. >> caller: well, i want to give you a massive university of washington huskies boo-yah from the great pacific northwest. >> wait a second. [ dogs barking ] okay, stop fooling around. let's go to work. >> caller: all right, here's my question. you mentioned a good method to track stock market futures was to track the baltic dry index because it showed how much raw goods china was importing. can you explain what we should be looking for when we actually evaluate the baltic dry index chart? >> the problem is it's ceased to work really effectiveness right now. it literally is not reacting correctly. it should be much stronger. i think it's taken away the meaningful ratio we used to follow. but that doesn't mean that things aren

macy's gave guidance a zero. if they hit that zero they'll have one darn good quarter. march, april combined is still going to be a really good number. >> jerome, address for us the naysaying argument that the unemployment rate is too high and the discount of consumer spending is simply not sustainable and we're all going to go in a handbag and fall off a clip and live happily ever after. what do you say to those criticisms? >> what we were seeing before is that the consumers that were employed were holding back on spending, instead of spending, they were saving all that money. now, what we're seeing is the opposite. the consumers that are still employed are actually splurging and digging into that discretionary income and spending and that's why we saw strong march same-store sales and we saw a little spike in consumer confidence. >> the job's numbers are getting better slowly. we've seen some household, i said this a million times. the household small business jobs numbers are small. what do you like here? what are your picks? what are your favorites? >> my favorite p

macy day is a dalmatian. she is 17-years old. that is more than 100 years old in dog years.and long walks. the secret to her longevity is one capsule of zero mega fish oil. >> that is a good story. helping him a little bit. ben goes to the commissioner and a hall of famer grips on him. i have the latest of tiger woods. the montreal canadiens are taking the first step in the playoffs. coming up n >> the toyota sports desk, brought to you by your local toyota dealers. moving you forward. >> the camps start their playoff run thursday night against the montreal canadiens. -- the caps start their playoff run. the capitals were the most dominant team in all of hockey. they won the president's trophy and had the best home record, but if they needed something to fire them up, they got it today when the other team said their goal is better than the caps. >> they can say what they want. i will take his record the last 23 games over those two guys. >> i try not to read into it too much. they have two of the best goalies in the league. >> the caps are practicing tomorrow morning. >>> th

i bought this at macy's. [ laughter ] >> i'll sell it to you. >> jimmy: oh, my gosh.ure that's really your watch. >> that's my watch. >> he's like, "double check that thing, seriously." >> that's a macy's watch. >> we gave out a bunch, just a handful, a dozen yellow pages, right here, local yellow pages from manhattan. we had people tear out pages, circle numbers randomly. can you confirm you've been holding that. they're in a clear folder. it's been clipped shut. >> the whole time. >> you've been holding it the whole time yourself. >> the whole time, yes. >> all right. >> bring it on up. >> jimmy: earlier, yes. saw everyone writing things down. >> all right, jimmy, i want you to just go ahead and reach in there, pick a random number out of there. >> jimmy: okay. >> we're going to look away. >> jimmy: okay. you got it? >> jimmy: yeah. >> go ahead and unfold it. >> jimmy: okay. >> and what they did is they circled a number. everybody out there circled a random number on the page, so i'm assuming there should be a number circled somewhere on the page. you might have to

stole a vehicle and then used stolen credit cards at a macy's in ballston. he talk on his cell phone as he pulls out a stolen credit card and racks up $2,400 in gift cards and a watch. he then takes the shopping bag of stolen goods and leaves the store. >> it seems like it is escalating. it seems so bold he can just walk in. >> it is bold and he is breaking in to gym lockers now, locked and unlocked he is taking people's keys and stealing vehicles. >> they say the crook fits in and he says he forget his keys with his gym pass and the clerk lets him in. >> he doesn't discriminate between men and women's locker rooms. >> he will take whatever locker he can get. >> detectives say he has been working it the last three years. >> see if you recognize him. surae chinn, 9 news now. >> police have advice for you don't bring valuables to the gym unless you have to. and if you do chemothem with you you at all times or leave in your car out of sight and locked up. and mayor fenty wants to raise parking fees in the city but he may want to think of paying his tickets firs

and whether tehran intends it or not, groups like hezbollah macie iran's atomic arsenal as a nuclear umbrella for more aggressive action against israel and others. mishandle brinksmanship or nuclear emboldened aggression may escalate deliberately or not to nuclear use. compounding this danger is a real risk that others in the middle east may decide to acquire their nuclear arsenals. kennedy proliferates including egypt, saudi arabia and from perhaps the nato ally most exposed. these countries could be motivated by their leaders desire for security, influence or nearly quit each. no cruncher he aspires to middle east leadership will want to be the last to have nuclear weapons. now nuclear arms race is not inevitable, nor would it necessarily be fast. with the exception of israel and iran, most countries in the region are far from having bomb making capabilities. but we must prepare for surprises. remember how in the mid-1980's, saudi arabia suddenly had css two medium-range missiles are carried from china. remember how more recently syria built a nuclear turn the desert with no one no

. >> thank you, macy. >> appreciate it, macy. look at it again.ing for rain gear fashion? >> it's all about finding something that looks great on your body. not being afraid of color. i didn't show one black trench coat. >> i knew there was something missing. it's okay. we're supposed to have color. thank you. ladies, thank you so much. i'm torn which one to pick. >> i think you should get the walmart coat. >> thank you. you can find out more at our website at abcnews.com. we'll be right back. [ sneezes ] ♪ music plays ♪ [ sneezing ] ♪ ♪ [ male announcer ] what are you gonna miss when you have an allergy attack? benadryl® is more effective than claritin® at relieving your worst symptoms -- runny nose, sneezing, and watery eyes -- and works when you need it most. benadryl®. you can't pause life. you might know that it has protein, but whole soy's also naturally packed. with fiber, antioxidants and other nutrients. and you can get whole soy, mixed together with real fruit, in soyjoy. and look for delicious new blueberry soyjoy. >>> juju and i are bu

. >> if you look at the space, the macy, the gap stores. >> buckle. >> that's right. i see money come into the sector as well as the casino names. they're dove when, they're going to do better. >> that's an important point, isn't it? we're not talking about double dip. >> look at it this way. they were the leading indicator. the mark is the best leading indicator. it always runs about six to eight months ahead. >> now that we know -- >> the market has been up 70% to 80%. if you ask all those guys who say the rally is over, they would have told you the same thing up 50%, up 30%. this market still has room based on valuation to move higher. >> and i look at it a little bit differently. yes, the fundamentals are immoving. it's not a u recovery. it's going to look loeser to a v. but what everyone is positioning in the marketplace, i continue to say this is a short squeeze. that's what it is. people keep getting short and stopped out. if we're going to continue to move higher, it has to transition. it has to move into quality names, and it has to do that during earnings. s

some big retailers, macy's, jcpenney on the upside. the other nice group hurt badly in the first quarter, natural gas stock, simon. look better today. moved up and big names that got clobbered in the first quarter all are looking better. rick santelli, tomorrow is going to be a big day, at least your market's going to be open for a good part of it. >> you know, i'm telling you, bob, i am really kind of excited about tomorrow. not excited that the markets are going to be able to define the information accurately with so few markets open, so few hour, but nonetheless, i'm going to be here. you know, you'll have the ability to trade the s&ps via the electronic, currencies and bonds have people and electronics for shortened sessions but wild. everybody needs to tune in. having said that, something else wild is going to happen. draw a circle around april 10th. why? on april 10th we're probably going to learn china will have its first trade deficit in six years. why dough i bring that up? two things caught my eye in the report. 75 prices pai

it was obscurity until the president of macy's is reputed to discovered it while on vacation and the often say is history. incidentally it's good for 70 extra bonus points played at once and it's played for fun in countless american households and played for keeps by hundreds at the annual national scrabble championship competition. the author of the scrabble book word freak knows the game's attractions as well. >> for people it's a calling memorizing the words, making these plays. solving the puzzles and that's what every game is, it's a puzzle. >> osgood: often frustrating which all the fans can thank him. the letters of whose name spelled board flusters them. next, highrise homes in an age old land. >> osgood: the middle east nation of yemen has been make headlines in the new front in the war against al-qaida but it has a history that dates back to biblical times. terry mccarthy on the city of sana. >> a city that is 2500 years old wakes up and with it the 24-year-old american, david mcdonnel who's chosen do make this place his home. >> there's no resentment for the foreigners? >>

competition, entry of firms, innovation and technical change, the knowledge base that grows over time that macy's continuing technical change possible and also the institutional mix of the laws and norms and conventions that may dynamic economic change possible over time. all this has been largely absent from the sustained discussion of economics up until very recently and so as i looked at this family history i said how can i understand this better but as it turns out there's been a lot of work over the last two generations in economics try to answer some of that and help explain the dynamic process over time. arnold will talk more about some of the woods in the book, but that explains my interest. i'd like to turn to who would be interested in this book. as frank said there are a number of interviews with prominent thinkers that will be known to many of the people in this room, folks like roll robert vogel or paul brummer and people like that. but there are also interviews with people that may not be as well known to you or whose work he may not be as familiar with so i encourage you to spend s

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macy wrote this -- killing is overboard. if we stoop to that level, we're no better than the terrorists themselves. americans must not let anger control our actions. we must capture him in order to receive information that would be vital for the safety of our country. so that's an interesting couple of points to put in the discussion here. we mentioned awlaki's alleged link to the ft. hood, alleged gunman, in a doll hassan. that's got ian concerned. he called us from ft. poke, hah l.a. thanks for calling. where do you want to get in on this discussion? oh. >> well, ma'am, i want to start out with the fact that my views of the soldier by no means reflect the united states army or the post that i'm at. but when i was there at ft. hood, the -- the shooting caused a lot of tragedy and things like that in the surrounding community. this gentleman here being recommended for assassination or anything like that put major hasan up to it which in return put a lot of grief for the community and the soldiers of ft. hood. i believe that

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from alberta blackburn to macy right, from the bronx to tom and michael turner, roslyn and randy brockto david akins jackie lacy and donald, to tom turner, to jackie turner robinson and amy thompson turn, the list goes on and on, countless other as to how much we love dr. hooks. greater new mount mariah, thanks god and thanks to hook family for allowing his body to lie in state there in detroit on monday night. but personally, let me say, as i take my seat, that i thank god for sending me to succeed such a great leader for such a time as this. dr. hooks was a champion of freedom. warrior for justice, a prophet of god, and indeed a prince of a preacher. he was my friend. he was a mentor. he was an elder statesman. more than that, he was a servant of god. this past january, january of 2010, dr. hooks insisted that i come to memphis to preach at greater middle baptist. he insisted that i preach the kingdom to a sermon. he told me when we talked on the phone, he said, brother flowers, you have so much of dr. king's spirit in you, he said i want you to come and preach for the king celebrati

target, macy's, gap, costco, limited brands, all of them posting double-digit increases in march salesaster holiday helped out, so did the fact that march sales last year were so horrible so the comparison is pretty easy. there's talk of a major merger in the airline industry. u.s. airways and ual, the parent company of united airlines, are reportedly in talks to join forces. a deal is far from certain, but it would create the nation's second largest carrier. united told us that it doesn't comment on rumor or speculation. >>> get this one, robin. bernie madoff's new york city penthouse has sold to al and pats patsy kahn. well, buying the convicted ponzi schemer's apartment, he said, quote, he was worried about the karma but i just love the terrace. it was listed at $8.9 million. must be nice to be able to throw down that kind of cash in a recession. >> she was worried about the karma. all right, thank you very much. that's an interesting point. >>> the fda is cracking down on spas using fat-melting injections. there are fat-melting injections? >>> and then sandra bullock's husband, jes

wall street banker would ever tell their clients, noble street banker would tell general electric or macy'sor any big johnson & johnson or any big company to finance themselves this way but wall street finance itself this way because it was cheap to do it. so places like bear stearns did is they would use the securities on the balance sheet as collateral for short-term overnight loans from people like federated investors or fidelity. we've heard of all these people, although i'm not sure people would come after me that big asset management people who had a lot of capital available who would lend on a short-term overnight basis to places like restaurants secured by the balance sheets. by march of 2008 the assets that bear stearns has on the balance sheet were billions and billions of dollars of mortgage-backed securities that they were using as collateral and the overnight markets with fidelity and federated for financing. and how much did bear stearns made in financing every night? he needed 75, i will answer that come $75 billion in financing every night to run its business. it had 18 bill

when macy sank europe won't succumb to china and the way the american economy has it is abandoning manufacturingand then going back to low-wage service jobs in high unemployment? >> i think one of the great mess hall and around our economic system is about growth and somehow you need to have these roaring growth rates in order freer economy to prosper for people to prosper and certainly if your country like china which has vast inequality at this point in order for to reach anyone at the bottom and has to trickle a long way this. the u.s. we also have a trickle down economy where an order to reach people at the bottom it has to trickle longways and what you're came up with is more commonly known as a steady state economy read don't need as high growth rates because they're better essentially doing more with less and that's the challenge of the 21st century and how we do more with less. that's for europe as cultivated the skill sets if you will appear not only institutions of economic institutions and social institutions and energy transportation also in terms of how he will spread this around to