i think it has helped macy's. think it probably would help them more if they are more than aggressive on the advertising front, an additional opportunity for them. today i thought they might have benefited even more from that. >> i think i would have as well. great to talk to you as always. >> jcpenney, stay short. >> macy's, saks or nordstrom. >> i look to buy macy's, i've been in nordstrom a long time. i look to buy macy's, half the multiple of jcpenney. >> coming up copper, is it forecasting further economic weakness. find out if you can steer clear or stick with some of the highest stocks. ation... and without a line. now that's a fast car. it's just another way you'll be traveling at the speed of hertz. home protector plus, from liberty mutual insurance, where the costs to both repair your home and replace your possessions are covered. and we don't just cut a check for the depreciated value -- we can actually replace your stuff with an exact or near match. plus, if your home is unfit to live in after an incid

i don't know that macy's should be in that. macy's customer, which is the bulk of their business, is really not so much the high end. i like to be in the targets and ral materials of the world. they were down today but not a bad day for both. >> let's string together data points. you pointed out whole foods. these are estimates but for these stocks with high valuations, you have got think twice about this. >> whole foods, i guess they misspoke. they said sales were going to be in the range of 13% versus 15%. hour and a half later they corrected that. this is a stock that they trade at least 32 times in next year's earnings. >> for whole foods it's very important. they have had a history of beating estimates for a short time. so when you start to hear that from them, from a company that can beat estimates, it's concerning. >> do you think that terra nova stopped shopping there? >> they did not cut guidance. that was the first headline. >> it was a price action that told you that people wanted to sell first. let's talk about japa

in i know there's a lot of people don't like macy's now.t. maybe a little bit of this health care thing might weigh on it. what i like about macy's is it's a tremendously well-run company. devaluation here at ten times earnings. it hasn't stayed at this since '09. at that time, the balance sheet was a lot worse. it's a lot better now. i think that the global growth story is overdone. this is an entirely u.s. business. i like that about macy's. that's my trade of the second half. i guess it wouldn't be called the trade of the day. whatever. >> call it anything you want. joe. >> iphone 5. here's your mobile wallet. 1% of the world has field communication. i suspect they'll have it. nxpi, that's who puts the chips in. >> that's a dr. j one. >> i gave it to him. >> what does that mean, mobile wallet? >> you can put all your stuff on there. >> stay tuned. [ male announcer ] now you can swipe... scroll... tap... pinch... and zoom... in your car. introducing the all-new cadillac xts with cue. ♪ don't worry. we haven't forgotten, you still like thi

, so macy joins a long line of teens and preteens can't resist, the cinnamon challenge, swallow o spoon full in under 60 seconds, nobody can. this kid did, whoever was there egging him on, couldn't believe it. you have another step forward, social media, copy cat videos. stupid stunts, dubious let's call them. quick leap, and stuck with fire. but there's an apparent human attraction. putting our bodies into dangerous places and then to tape it and up load it. >> some folks feel like celebrity in your own neighborhood or backyard. >> youtube is responsive to the perception, daredevils favorite posting place, it's where kids will get the ideas to try some of this stuff themselves. in a statement youtube told us, youtube's community guidelines prohibit videos intended to encourage dangerous activities that risk serious physical harm. we review video flagged by our users around the clock and routinely remove or age restrict material according to these guidelines. with the community of users up loading 72 hours of video every minute, seems impossible task. like this one, called car surfing,

>> debra wineswig is worried about macy's.e talked about the empty pockets theory meaning the high end is not doing well. nordstrom, tiffany's, coach. i don't want to put macy's in the high end. i think they're doing fine. is it doing as well when it was at 42? no. it's at $33. it doesn't have to do as well as when it was at $42. we're okay with macy's. phil in washington, please. phil. >> caller: a big boo-yah to you. >> i like it. what's going on? >> caller: you know, jim, i have been hanging on to chk, chesapeake energy for quite a while now. >> okay. >> caller: watched it going downhill. i believe in nat gas and i know it's going to happen for this country. but, gee, is chesapeake the play? >> look, chesapeake is a balance sheet story. they don't have a good balance sheet. it is very stretched. natural gas has to go up much higher for chesapeake to do well than every other nat gas stock i deal with. i'm not telling you to buy chesapeake because of balance sheet issues, not natural gas issues. as we reload for next quarter,

macy is part of that henry group, high earner not rich yet as compared to people who have a great deal of money. those who have a great deal of wealth feel the market volatility. i think both are probably week right now. nobody will feel comfortable running into september. >> no. tiffany is disappointing but actually costco has done really, really well lawsuit tely. 52 week high. they actually have a demo brafices very similbrafic -- demographic similar to these names. >> is this my trade. >> today -- >> rather talk about a place where you can buy toilet paper by the ton. >> listen. this is an portrayeding point. yesterday the stock had continued to be weak into this earnings event. i took half off for a double and today on the news i took it all off for a triple. i mitigated some of that risk. >> all right. thanks, dan for reminding us what we're here for. a remind ir, if you want updates on our trade follow us on twitter as cnbc @options and dan updates his trades @reversal. final call on the trades right after this. >>> having trouble winning rock, paper scissors. there's a mechanic

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we see a lot of upside in another retailer and a direct competitor of jcpenney which is macy's. a trade that has been working, but the news out of jc penny is worse than anticipated and the stock goes lower from here and we pressed our shorts and it can crack 20 from the levels. >> aside from the stunning clarity, jcpenney said they would be hope opening more big stores with the likes of a macy's. do you think that is anything to be trned about? >> they have an overlap on the products and mike is spot on to be long. macy's is gaining market share. in addition you have to look at t.j. maxx that is performing well. they are obviously gaining market chair at jcpenney's demise. >> they are priced like this plan is going to work. so far, they got rid of the plan by a lot. not even close. you have to have a lot of faith that this plan will work even though the first leg is clearly not working. no doubt about it. i don't get it. >> apparently a lot of people don't. warren buffett betting on the newspaper business, taking a small stake in a small media company. i shouldn't say small. sh

. >> i mean, we bought macy's today.ost of their customers will be. >> i would like to throw in family dollar. we do have walmart and target. these are the smaller footprint stores that will compete with these guys. >> 5:00 show on twitter. >> next trade, google. will the an droid powered device be able to compete? will it be a kindle killer? >> hey, you might to start playing a dirge for the old kindle fire. the back feels nice. it is put together. amazon is fwound update that. this is 199. if amazon was not making money at $199 how much can google make on this. . how competitive is that going to be. they actually put more meat on the bones there. $15 $1500. you know, it's cool. but is it mass market cool? how much risk is google taking on here. >> i think the question is amazon has an eco system. it will promote shopping and reading. >> ways to subsidize the fire. when you think about it, they are putting a piece of hardware out there competing with their main distribution channel. when they really expect an droid to b

here's the thing with macy's, it's still in a down trend.hat makes me really cautious on the name. i wouldn't be buying it right now. we don't see it now. we've got the intraday chart here. >> and it's a down market day. >> exactly. and the last bounce was a pretty weak bounce. and what that indicates after the type of high that we've had, you can see it there in the may high for macy's, pardon the pun, the may high with the big high and certainly ramped recently. but you can see the lower high very, very clearly. that indicates distribution. the market still isn't coming up -- it's not really embracing this name. i wouldn't be buying it yet. >> what about the affluent consumer, quickly? do you think they are pulling back? >> i think they are. i think they have been pulling back for a while. i think that's going to continue. i think the affluent consumer's going to hang back, maybe save the money. they're the ones in the market. they see this. they're not going to be buying. >> stifel nicholas upgrading boeing from buy to hold. the reaffirm

jesse joyce discusses his new line of clothing at macy's. people still go to macy's. which jersey shore star had photos leaked on-line. i about bet it is snooki. >>> it is snooki as you never wanted to see her. ?iewd -- nude picks surfaced on-line. so for those of you who had june 2012 in the office pool for the this inevitability you win. the photos, one of them seen here because we couldn't afford to pay for the real ones show her pre pregnancy and wearing a white robe and nothing at all. ?o -- no word who leaked the pictures, but snooki's rep says she is not happy. clearly these are old and personal photos notment for the public. it is a shame somebody decided to leak them for obvious personal gain. well, i think we should discuss this in -- >> lightning roooouuuunnnnddddd. lightning round. >> why didn't we have this discussion -- >> i just didn't think it was interesting. >> i am going to you first. did you leak these photos ? >> yes, i did. >> why? >> because snooki and i have had a long relationship. if you have to pay for the photos, this was the question i was

. >> the one i didn't get was macy's. it ended the day up pennies. right around here, i'm happy to own it. >> can we talk about the unusual activity in walmart. it finished higher by one and a third percent. >> i think walmart is a cool trade. i am on -- we have liked it for a while and it has been the right trade but here we are pushing against levels that we last saw in december 1999 or january 2000. if you're in the bearish camp, i think there is a great opportunity to short this stock. what's tight? 69.5 to 70 on the upside. or you can decide to buy the breakout. to sell this with a very high risk reward. the people looked to buy the break. but i think it comes down very clear given the levels we're at today. >> it might be at a 12 year high but they probably earned triple what they earned years ago. the multiple is very, very different now. >> let's not forget the discounters. it's not just walmart. take a look at some of the dollar stores. they continue to out perform. look at dollar tree. take a look at target. you are getting some of the folk

, so macy joins a long line of teens and preteens can't resist, the cinnamon challenge, swallow o spoon full in under 60 seconds, nobody can. this kid did, whoever was there egging him on, couldn't believe it. you have another step forward, social media, copy cat videos. stupid stunts, dubious let's call them. quick leap, and stuck with fire. but there's an apparent human attraction. putting our bodies into dangerous places and then to tape it and up load it. >> some folks feel like celebrity in your own neighborhood or backyard. >> youtube is responsive to the perception, daredevils favorite posting place, it's where kids will get the ideas to try some of this stuff themselves. in a statement youtube told us, youtube's community guidelines prohibit videos intended to encourage dangerous activities that risk serious physical harm. we review video flagged by our users around the clock and routinely remove or age restrict material according to these guidelines. with the community of users up loading 72 hours of video every minute, seems impossible task. like this one, called car surfing,

. >> dana's story is not shocking to scott macy who says he counsels many high achieving young men and have sold themselves for drugs. >> hairn addiction is a physical and a mental, you know. and it's what we consider a brain decide. >> a former addict, scott macy knows firsthand the devastating impact of what is known as chasing the dragon. like dana, he lived a double life going back and forth from his white collar job to detroit's east side to feed his addiction. >> addiction just takes over any type of thought process. any type of, you know, just takes over their life. and you know, it's just an obsession of the mind. >> dana says her $20 a day fiction escalated to a $300 a day habit transformer here into a fiend. >> a drug dealer made me an offer and said i'll give you x amount of drugs if you let me sleep with her. >> the memories of selling herself are trama for dana. >> the first time was really hard on me. i was so jep supset, i was cryi. i sat in the shower just crying like what am i doing? am guying crazy? >> those who are open about their sex work experience, i would say it

macy's just started carrying under armour. of our newest retailers sketchers for the data likes to run oracle. we have some great golf accessories available as well. >> that's definitely my dad. >> the weekend warrior dad is now the dad laid up on monday morning. he can't get up to go to work. this stuff is all that work -- all at white martial. what you expect to spend this year? >> many of the items are $20 and less all the way up to the watches are that are closer to about 200. you can definitely get a great gift in the $100 range or so. >> and you could do a gift certificate for the entire mall. >> that's always a great option. give cards available at ourselves or kiosk. walk in the mall and go to the vending machine and get your gift card. you can take the pick of any of these items. >> that's my favorite. >> thank you. they may thank you for having me. >> will be back in just a moment. ,,,,,,,,,,,,,, >> five days a first warning forecast. looking at 88, 82, then 84. 81 thursday with sunshine on friday. >> workers in bost

are not seeing improvements in employment and incomes are the ones that will make nike, starbucks, macy'sink both are probably weak right now. had a really good week on days when the tape was really ugly. and they have the demographics similar to a lot of the names. >> today on the news i took it all off for a triple. >> all right. thanks for reminding us what we are here for. a reminder. if you want updates on trades, be sure to follow us on twitter. dan posts regular updates. final call right after this. >> get more options actions with our newsletter delivered directly to your inbox. this is the extra edge you need. it's free when you register or visit the member center at cnbc.com. >> having trouble winning rock papercy sors? a me call can forearm to win the game 100% of the time. a high speed camera and lightning fast reflecks can react in mere milliseconds. this robot is rock solid. >> we will see you back here next friday at 5:00. "money in motion" is up right after this break. >> better don't miss sleep train's 4th of july sale. save on sleep train's most popular mattress sets. pl

if you are downtown in an office building or shopping at macy's, do you run in the middle of the street? no. you stay where you are. how much time do you have? seconds. you have to make a decision within seconds. if you run to the street what will happen? >> get hit by a car. you have windows, glass to fall on you. high rise. if you know where you are, stay there than to go somewhere you don't know what's there. once it's shaking between 30 seconds to a minute and once it's over, things will fall and tip over. give it time to move around. of course, if there is danger coming to you, you want to move. so, picture these buildings. against the wall. will i go behind this wall? lean against it, cover my head? no. the pictures frames. if they come off and hit me on the top of the head, more injuries. be aware of that target. look behind you before you lean against the wall. sometimes wrong place at the wrong time there is no way to get down this way. try to find a [inaudible] place if you can. get next to something that's sturdy that will block up against you. how much time do you have? shor

penney handing over market share to the likes of a macy's which has a high overlap, so macy's using that as an opportunity to grab for j.c. penney. can they correct the pricing plan? >> which they have tried to back away from. >> completely confusing. what the heck is going on here? >> there's also the issue of trying to match your promotion, new ad campaigns with ellen degeneris, matching that with the experience that the consumers actually see, and that's been another criticism. what they saw on television is not what they saw when el they went in the door. another fascinating tale to watch. >>> the jury in the insider trading case of raj gupta is expected to begin deliberations this morning. bertha coombs is in lower manhattan with the latest. bertha? >> reporter: hey, melissa, after listens to testimony for four years this morning, the judge is instructing the jury on what they should deliberate on. the key here will be how he defines insider trading and what is a benefit in this case where there's no allegations that there's any actual cash changed hand. as he entered the courthouse

everybody likes to ask about cliniq u e if you go into a macies, you'll see the lab white coats and scientifically presented. it is the same set of chemicals packaged with a different marketing program. disturbing some of the women of color are among the most toxic. women are bombarded with light skinned looking models. every product claims to have a whitening benefit. here is an example of one of the ads that you'll see in china, procter and gamble, high end line sk 2, hugely poplar, this product was the cause of near riots in china in 2006 after the government reported it contained, band heavy metal. hundreds of women demanding refunds lined up down the block. here is an example of them busting down the headquarters in shanghai. women do not want toxic bad metals. in their $100 skin cream. unfortunately, the government and procter and gamble was freaked out about this. then it was announceable, just a little bit of toxic metals, don't worry. they put the products back on the shelf and back on the market. china is the no. 1 growth market for procter and gamble. have quotes where she says china is

and of course, the victoria secret's doing this, macy's is also cutting prices, so if you're greating married in a couple weeks, honeymoon. it would be a good time to stock up. >> also if you're looking to buy a suit. you say good time as well. >> right. because right now not a lot of people are looking for jobs although, of course according to last week's numbers maybe we will have more people looking for employment. but according to researchers at shopittome.com june is the cheapest month all year to buy a suit. discounts range between 50% and 60%. stores like brooks brothers, joseph a. banks, again nordstrom's, jcpenney, macy's all offering great deals. >> now on to tech deals and you say first off, apple computers, there's a reason we're talking about apple, because it may actually help you get discounts on other laptops. >> apple as always the real game changer here. they're having their worldwide developers conference june 11th. it's an annual event. and usually that these events apple makes a huge announcement and ought the tech gurus really anticipating that the apple mac book

i just noticed you're hosting the macy's fourth of july on nbc.he way i was treated today. all i said was yes, i'd come in and pitch in for koda, hoda. >> do you like the sound regis and kathie lee or kathie lee and regis. is that what she says? >> you've got a lot of problems. >> if it ever happens regis and nobody. >> he liked it when i left. he had it all to himself. believe me. >> do you think kathie lee is going to be like the human equivalent of riding a bike, even though you haven't ridden him for 12 years. >> hey, first of all, don't assume anything. >> do you think this is going to be just like picking up where you left off? >> of course. but how many years has it been? >> it's been 12 years almost to the day. >> since we got behind a desk together. >> i was kidding kathie lee earlier and said it's been since the turn of the century. >> it is true. you know what, we never practiced anything. >> i was going to ask you that. >> we showed up. >> that opening segment. you were already famous, you were already famous. when you got together and

they're like the balloons in the macy's parade but instead of being inflated with gas, they're inflatedcond ring of the circus is where you've got people flying kites to music. ♪ they're choreographing their routines and it's like the blue angels on strings. it's just a magical, beautiful, artistic kind of thing. and the third ring of our circus is a kids field. kids who are making their own kites, kids who are learning how to fly for the first time. >> look at that! nice save. >> very fun. >> i'm a very fortunate kite flier.ç in 2005 i was inducted into the kite hall of fame, which includes people like ben franklin and the wright brothers. we traveled to 35 countries flying kites. we've done performances all around the world. we're generating smiles wherever we go. >> this is good! this is a workout. >> you got it? >> you can see why i love kite flying. >> how beautiful is that. with our thanks to david gomburg and all the folks at the lincoln city summer kite festival in oregon. >>> coming up next here this evening, lester holt's exclusive interview with the family of tyler clementi,

they're like the balloons in the macy's parade but instead of being inflated with gas, they're inflatedwind. the second ring of the circus is where you've got people flying kites to music. ♪ they're choreographing their routines and it's like the blue angels on strings. it's just a magical, beautiful, artistic kind of thing. and the third ring of our circus is a kids field. kids who are making their own kites, kids who are learning how to fly for the first time. >> look at that! nice save. >> very fun. >> i'm a very fortunate kite flier. in 2005 i was inducted into the kite hall of fame, which includes people like ben franklin and the wright brothers. we traveled to 35 countries flying kites. we've done performances all around the world. we're generating smiles wherever we go. >> this is good! this is a workout. >> you got it? >> you can see why i love kite flying. >> how beautiful is that. with our thanks to david gomburg and all the folks at the lincoln city summer kite festival in oregon. >>> coming up next here this evening, lester holt's exclusive interview with the family of tyler

i was surprised to see macy's get hit as hard as it did today. we love macy's. i like it. i thought it was a bit of an overreaction. >> there's a lot of duration mismatch in the price of oil going down. you don't get that at the pump tomorrow. fyi, there is a huge behavioral concept here associated with that. consumer confidence got crushed last week. it was down -- i think my mic's off. >> i agree energy companies probably don't have new estimates. i think oil is probably priced $20 higher. this doesn't happen overnight also. the flip side of this is average oil prices for this year are still over $110. you have to have a sustained move lower. i'm not saying we don't have that. a lot of this move is risk off, people. the demand for oil is not going away. oil is suddenly not useless. this is why it's kind of laughable to see oil down 4% today. >> sorry about that. maybe you should put me on mute. >> i think we were all on mute. >> all right. coming up next on "fast," we're continuing to wait for the official moody's downgrades of the five u.s. banks. plus, why does gold co

to except to -- accept a gift of 60 t-shirts from the macy's corp. to the tenderloin police station to be donated towards the tenderloin station national night out event, valued at $480. >> commissioners you have the memo. any questions? >> i reviewed the memo. >> the public comment involving free t-shirts for the tenderloin task force? we have a motion. do i have a second? thank you very much. >> item 2, mr. president, is general public comment. the public is now welcome to address the commission regarding items that do not appear on tonight's agenda, but that are within the subject matter jurisdiction of the commission. speakers shall address their remarks to the commission as a whole and not to individual commissioners or department. individual commissioners and police personnel should refrain from entering into any debate or discussion with speakers during public comment. please limit your comments to 3 minutes. >> can you hear me? we have something coming up called america's cup. fleet weekend america's cup. -- fleet week and america's cup. we h

the pedestrian traffic of our city where people are walking from banking and other activities and macy's stores and businesses and a check them out. -- and they see stores and businesses and a check that out. sometimes these businesses are victims of their own success and they become formula retail. they become desirable. that is actually a success story, where you have more than 10 branches. that happens a lot in san francisco. formula retail of banks and other institutions, clothing, many of them are based in san francisco. i will move to approve this conditional use. >> second. if i could just make a couple of comments. i think this is a good conversation we are having. it is one of the first of many to come. i think this commission will find its way through this. from my personal perspective, this gives us an opportunity to look at every location. if this is truly saturation, then we have the opportunity to do that. given the pedestrian account and the activity on this particular block, one basically every block is a lot, but not excessive. i'm always curious about people who are opp

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you can't buy anywhere else, nordstrom has free shipping if you buy something in store or online, macy'sy send in store only coupons, sears stresses the immediate gratification. >> you can get the product the same day you purchase it, no waiting for something to ship, no paying extra shipping charges to get it sent fast. . >> reporter: they will have to try harder to convention jeffrey to stop. >> you can save a lot of money. >> reporter: now some stores will offer to match the prices of online retailer sos it may be worth showing the comparison you found online to see if they will give you the same price. hold your phone, there you go. >> if you have little ones rung for a tv tackling and -- you have to stick around for this. >> coming up a pop warner league taking steps to keep your kids on their feet on the field. how they are scoring on safety. >> and we just had fantastic weather all day today. we are watching the system off shore. will it impact the celebration? there are details ahead. >> and you know you are running out of time but are you running out of ideas to? we have six sol

thomas macy was in one of the 88 races receiving super pac money so far.top in a seven way race. the sun light foundation saying he got some 3/4 of a million dollars including ad support like this compared to the 1.4 million average that 2008 house candidates spent macy got a lot of help. senate candidates on average spent $8.5 million according to the center for responsive politics as well. if trends continue super pac cash will be even more important this election. the average spent by all candidates in the most expensive house races has grown by 50% over a decade when you look at this line chart, now over 10 million in 2010 when republicans surged. that year was also when super pacs started their work for today's big fight to retain or regain control of the house. >> there is a 1 in 3 chance we could lose. i'm being myself -- frank. we have a big challenge and work to do. >> i think it is better than that but what he did say that is correct is there were about 50 republican seats in play. i would say 75. i feel pretty good about where we are. >> if vote

high and companies like macy's doing better than the metal.ompanies like target and wal-mart hit a 52 week high. as the economy struggles, people continue to look for value. >> it is still a sign of a weak economy. >> his firm lost $2 billion. its shareholder money, it is not depositors' money. >> he is eating humble pie. it is not to be today. >> was this something they were told to do or was this an investor that went off the reservation. >> ultimately, you have a company like j.p. morgan chase the east to be 20 times and ease operating as 20 separate entities inside of one entity. their risk was huge and a couple of people were fired. i do not think i will have an answer on whether it was an isolated event or not. eddie shareholder money. >>justine: a deadly shooting outside a hospital in buffalo and york. one person is dead. this is happening at the erie county medical center. it is now on lockdown. >>darya: we want to get a look at the weather. a lot different picture. >>justine: it is cloudy for the coast and bay but some of the marine a

he gave a free concert to fans who brought his new fragrance at macy's. his new album dropped today. costumes justin bieber and whitney houston wore are going on the auction black. a grammy night dress and the gloves houston wore in the greatest love of all video are hundreds of items being sold off. you can also bid on the outfit justin bieber wore in his super bowl commercial. the two-day auction featuring memorabilia from music icons and sports legends starts on june 23. mike sighton is going from the -- tyson is going from the boxing ring to broadway. he's teaming up with spike lee to bring his one-man show to the new york stage. >> this is entertainment but from a human perspective this is just mike's life from the beginning to now. >> reporter: sighton say biewed his raw confessional in las vegas back in april n. will be lee's first broadway show. jennifer nettles is pregnant. the country star married justin miller almost seven months ago. their baby is due in november. the stars of abraham lincoln vampire hunter hit the new york premier of their ne

urban outfitters dropped almost 5% and department store giant macy's was down 4.5%. in the high-stakes gain of drug development, one company's encouraging drug experiments can spell trouble for another. that was the case today for regeneron pharmaceuticals. shares fell 12.5% on heavy volume. a privately held biotech firm announced positive results to treat a leading cause of blindness in the elderly. regeneron recently launched its own treatment for age-related macular de-generation. in our exchange traded fund market flash, losses across the board for the five most actively traded e.t.f.s. the biggest loss was in the fund following the small cap russell 2000 index, down 1.2%. and that's tonight's "market focus." >> tom: band aids, not cure, that's what you're street kre tick calls the debt problems. michael farr is with us. don't we need financial band aids, aren't we still bleeding? >> tom, a financial band aid will feel good for the short term, but they are not going to address the problem, that means you'll heed another band aid and sooner or later we run out of