>> i think macy's will be the survivor in the space. macy's will be there. they'll be there with 500 stores or more. i still believe that we need the merger of the off-price space and the full price space. i said for ten years that macy's should buy an off-price player instead they started their own because they were too late in the game. now given the size of the off-price players they could buy macy's why would they want to do that? because in order to have a viable off-price space you need a full price space to compare yourself to. so if the off-price guys own the full price guys they would have the market sewed up for the best brands in the country. i think that's a transaction that should happen. >> good to see you as always. >>> the world's largest retailer is pushing further into ecommerce, walmart will buy shoe bye for $70 million. walmart medal online expansion its priority last year when it purchased jet.com for more than $3 billion and at that time it also says it plans to invest billions more in its online operation while cutting back on new stor

here in philly we had ban burgers, another name for the macy stores before they became macy's, and this was a bammburgers, and also a john wanamaker here, anchor store here at the moorestown mall, opened back when the mall first opened it doors back in 1963, and this became a macy's in 1999. and now, who knows what it will be next, but the mall developer confident that they'll have no trouble finding a tenant at this location. we'll see. because the moorestown mall has been doing great. macy's not so great. that's why this is one of the four locals shutting down. people shopping on line, one of the reasons, the classic department stores are not as popular as the old days. christmas, not as giving to macy's this past holiday season. sales were down. and so this decision to trim down employees and stores, we've got the stores and the numbers of jobs up on the screen for you. four stores around philly, roughly 400 workers, moorestown, where we are, became this macy ' in 99, 107 jobs will be lost highest number, voorhees what used to be known as the echelon mall, opened in 1970. that place

and the most of the four macy's losing jobs, the moorestown with 107, we are told by macy's. this time of year where we're always doing these shopping stories, we start right across the street from this store every thanksgiving where the k-mart is open. then we're usually here around the moorestown mall for "black friday", then pre-christmas sales, even the post christmas sales over at j.c. penney, now another big sale, and this one a lot sadder on monday, they're going to start their closing final clearance sale, we're told monday, and expect really big deals later, because they say these stores are going to close in early spring. so, probably another big percentage off what you got and saw after christmas, and then a huge percentage off if they have anything left in late february and early march and late march. because they'll clear these stores out, never get any of the spring lines in or the summer lines in, you will have to go to the other macy's, so talking moorestown there is store opened in 99, used to be a john wanamaker way back when they opened this mall in 62. the

the warning from kohl's and maciemac macy macy's.t is somewhat of a confusing picture even though consumer confidence has been soaring. that brings us to the top corporate story. the retail stocks are getting slammed. shares of the macy's, kohl's, nordstrom tumbling. kohl's down 15%. macy's down almost 9. this after macy's and kohl's reported disappointing holiday sales numbers. macy's saw same-store sales slip 2.1%. they also expect lower full-year diluted earnings, and released the locations of 68 out of 100 stores it plans to close. the retailer will also be cutting jobs. kohl's slashed its full-year guidance to between 3.60 to 3.65 a share after same-store sales in november and december also declined. the ceos identified macro trends in retail that could weigh on stores saying holiday season was volatile. nordstrom taking a hit in sympathy. some of the executives talked to various news outlets overnight. the cfo of macy's, terry lundgren talked to stazzi, the blame goes to online. they say they're grow onlining , but not enough t

macy's stock tasked nearly 10% yesterday and then today macy's stock continued to struggle dropping another 5% closing today at $30.86 a share. >>> in san francisco two macy's are affected by that announcement. we found out last year that the store in union square was sold. now changes are coming to the macy's at stone's town mall in the sunset district. that's where we find -- that's where we find ktvu's tara moriarty. >> reporter: the company has announced this store has been sold. this woman has been shopping here for years. >> i have four boys so i am here a lot. and that will be quite a trek to have to go elsewhere. >> reporter: she and others say they are disappointed that their local macy's is one of 100 stores nationwide that is going to be shuttered. >> it is going to be weird. >> i didn't know about until now. >> reporter: macy's is selling the 280,000-square-foot store to general growth properties for $41 million. the company sold the men's store to stanley morgan for 250 million in october. macy's says while we are pleased with the strong performance of our highly developed on-l

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

the 68 stores that macy's announced yesterday are part of 100 that are closing.s announced that back in august. all will shut their doors by the middle of this year. macy's sales fell by about 2% in november and december compared to the year before. the job cuts represent about 7% of macy's work force. >>> the latest legos set teaches kids how to code. the legos boost kit lets kids build five different toy models with sensors and motors. they can download an app featuring 60 coding activities. kids can also add voice recordings that allow the toys to speak. very cool. >>> and letters written by princess diana about her sons are going to auction today. in one handwritten note princess diana says harry was constantly in school and in another william swaddles his babe brother with endless hugs and kisses. could we love them even more. >> very cute. i'm sure they're going to go for a pretty penny too. >>> still ahead, justin timberlake gets 'nsync on court. he pulls off an impressive shot not once, but twice. mpressive shot not once, but twice. every day is a gift. e

the grinch steals macy's christmas. disappointing holiday seal -- sales, they will cut an additional 6200 employees from its payroll this year and confirms it will close 100 stores nationwide but online competitors continue to thrive. jonathan: let's begin with our policy correspondent, michael mckee, joining us at the table. the communication from the fed is that if they hike rates it will be slow and gradual. the loosest tightening in history. that concept is being challenged from within the federal reserve. how significant is that? michael: it could be very significant. suggests that it the economy is getting stronger but there is in or miss uncertainty about the forecast because of donald trump and the possibility of fiscal action. uncertainty regarding economic policies increased and participants agreed it was too early to know what changes in the policies would be implemented and how they might alter the economic outlook. one of their mandates they said had just about been achieved -- achieved, which was full empl

isn't macy's a bit late to this game?at nordstrom rack have not been as robust as they once were. >> macy's has been linked to the game but they do have bloomingdale's outlets. conceptsseen off-site only at lunch three brands because that is where you wanted the discounts. to see them at the mid tier retailers is new. scarlet: of course, more headlines there. ceo was onble's bloomberg television today saying store business declined across the u.s. retail landscape. -- that seemsthat to be a common problem with these ceos. he was quick to say it is not just a barnes & noble problem. he said, he had been talking to other retail ceos and traffic was weak across the board. he was really at a loss to explain it. he said he thought the election was the problem, he got a bounce back. -- he thought they bounced back. is this a long-term trend, a continuation of people going shopping online? joe: is there any reason to think this is not just what has been going on? >> the trend each holiday is that the traditional brick-and-mortar

now, did you see the closings of the macy's stores? of them were from the '60s and '70s, but a lot were open in the 2000. shows you the erosion of the malls happening so quickly. one of the stocks down big today constellation brands going to be on "mad money" tonight. goldman sachs saying primarily tax driven beat. there are many concerns about cross border taxation, bringing beer from mexico, wasn't really addressed in the release. i think that rob sands is running a great company, but at the very moment everything connected with mexico is being challenged including the best selling beer in america. >> well, there's the peso of course, which is managing to regain some ground today. ksu got slammed on the ford news, right? >> well, i think that the peso -- i think people are saying, listen, this has got to end with the peso just going down every single day. but constellation brands on the surface looks like a great number. i don't want to jump to any conclusio conclusions, i know analysts saying this is not the beat you want to see. >>

macy's shares down 4.8% in after-hours. macy's to cut 6200 jobs as well.s, retailers reporting bad news in both those stocks, both falling. we are talking about china. of the chinae story besides the outflows is that the economic data looks decent, ending the year on a strong pmi. this sustainable? it feels like tension, the underlying weakness in the capital situation, but the economy not doing so badly seems to be holding its own, how does this resolve itself? thehat in some sense is paradox if you compare where we are now to a year ago, the economy is stronger. thee is less concern about currency, but currency concerns have mounted because the move against the dollar even as the economy looks stronger. can it last in the short run? sure. the economy strengthen because of a policy stimulus. as long as that stimulus is china can, maintain decent growth. does this come with risks? absolutely. the ultimate way out? my view is simple, you need to shift the basis of growth much more strongly towards consumption, so you don't have an underlying reliance on cre

macy's has a significant online presence but not enough. this is a really important structural change for macy's. they have potential for real estate. the department store thing is very, very big. i have macy's and foot locker and cores. we'll see if they are pulling back from the wholesalers. that's been part of the strategy to maintain integrity of the band and the pricing of the brand. this is problematic for the kohl's and the macy's of the world. i don't know how bad it will hit coors as well. >> one thing you can change, buying at a discount. tj maxx. perfect example. walking in and buying products are massively at a discount won't change. throws a little more insulated. so they have to be there. nordstrom as well. they have the nordstrom rack. there's another play you can look at. but in general, you're right. consumers have shifted the way they spend. >> this is not something new. when we look back and you look at the trump effect. you look back after the election. everything ran. we were all talking about the weak know of departmen

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

when there are challenges, macy's takes action. they are closing 68 stores of the 100 stores announced in august, costing them $575 million in sales in 2017, but save it $550 million in expenses going forward each year. macy's is cutting more than 10,000 jobs, about 7% of the work force, but don't get depressed about the consumer. this are many economic data points that show us the consumer is willing to spend. they are just doing it in different places. adobe came out with the latest holiday sales number, online sales growing billions, up 11% last year. who got the bulk of that? no surprise, it's amazon. at least according to slice intelligence that scans receipts in e-mails of over 4 million customers, and amazon got 38% of the online sales. back to you in the studio. >> thank you very much. well, you know you're living up to the name when you get a tweet like this from jim cramer, the great matthew boss at jpmorgan called every inch of the retail story. he is your go-to guy making/saving big money for clients. so says cramer. >>

macy's sales fell by about 2% in november and december compared to the year before.ob cuts represent about 7% of macy's work force. >>> the latest legos set teaches kids how to code. the legos boost kit lets kids build five different toys. they can download an app featuring 60 coding activities. kids can also add coding voices that allow the toys to speak. >>> and letters written by princess diana about her sons are going to auction today. in one writ about note she says harry was constantly in school and in another william swans his baby brother with endless hugs and kisses. could we love them even more. >> very cute. i'm sure they're going to go for a pretty penny too. >>> still ahead, justin timberlake gets s in synch on court. he pulls off an impressive shot not once, but twice. every day is a gift. especially for people with heart failure. but today there's entresto... a breakthrough medicine that can help make more tomorrows possible. tomorrow, i want to see teddy bait his first hook. in the largest heart failure study ever, entresto was proven to help more peo

i just don't know why macy's has to exist. i really don't. macy's should be a vertical on amazon.it should be a brand that sells these other brands and that's where you go to do it. >> what's the difference between nordstrom and macy's. i've been saying this for a while. they're going to have to move much bigger. >> where you going to pick up your handbag? i'm joking but -- >> this is a case where -- 98% of when i buy -- >> you're not buying cosmetics online, amazon has become a logistic company. you buy things there and pick it up there. we're going to have far fewer department stores at the end of 2017 than we have right now. >> still ahead. time warner and at&t taking a hit today on reports that president-elect is still opposed to the mega merger. so with the $85 billion will deal in jep did i what could it mean for the media space. and talk about a buzz kill. we'll hear from the company's ceo when "fast money" returns. y tllititie? coras! o y girls e ' o y girls e es nog,ps us s omng o caldorigh whm o jrye lbuat dmy a omatat ghis str'dn es d in en mch wxa slyheisk s lbuat dmy

macy's is selling the building to general growth properties for $41 million. macy's has also finalized the sale of its men's store in union square to stanley morgan for $250 million in november. macy's then plans to lease back both of those stores, at least for the time being. shoppers today told us they hope that that stonestown macy's will stay open. >> having to replace that with a journey either downtown and deal with the parking there, or on the freeway to serramonte is not ideal. >> macy's announced yesterday it is closing 68 stores across the country this year and laying off 10,000 employees. >>> verizon's offer tobias hue is still at risk because of those two massive data breaches. verizon offered almost $5 billion for yahoo but the company has been studying the effects of those hacker attacks and is still on the fence about whether to change the terms of the deal. legal experts say that verizon would have to prove that yahoo's value has declined to walk away. a spokesperson at yahoo says i can't has is still confident in the company's value. >>> comin

he is talking about how macy's is growing online and maybe a little bit but they fundamentally don't get it. amazon cleans their clock and until they step up on the online side, forget about it. ashley: it has been said quite often that millennials spend more money on experiences than other items, bucking the trend a little bit. could brick and mortar stores make shopping more than experience, going out and go on a shopping spree as opposed to clicking away computer. >> the best ones are understanding the experience. there is only so much you can do with experience within a store. they can market -- make it more fun, more convenient. i don't think apparel is ever going to go away because people like to try stuff on especially females, they want to see how it fits and get the whole experience was for millennials a company like sears is deaf. they don't know what it means. for them it could be a barbershop. they don't know. ashley: i laugh but it is not funny, you are absolutely right. appreciate it. apple buckling under pressure from china is removing its new york times apps from its

in san francisco two macy's are affected by that department store. tear are moriarty went to stonestown mall. >> reporter: this woman has been shopping at the macy's in stonestown for years. >> i have four boys so i am here a lot, and that will be quite a trek to have to go elsewhere. >> reporter: she and others say they're disappointed that their local macy's is one of 100 stores nationwide being shirted. >> it is going to be really weird not seeing it here. >> i didn't know about it until now. >> macy's is selling the 280,000 square foot store to general growth properties, or ggp, which operates stonestown mall, for $41 million. the company sold the union square men's store to stanley morgan for $250 million in october. macy's says while we are pleased with the strong performance of our highly developed on-line business we continue to experience declining traffic in our stores where the majority of our business is still transacted. customers say they will miss the convenience of the stonestown location. >> having to replace that with a journey down

he's live at a macy's in chicago.ut the stock price of macy's, please? >> you know, it is a tough business right now. i remember, this was marshall fields store bought by macy's 10 years ago. they were increasing their brick-and-mortar footprint. you know, stuart, the deal is, this used to be the internet. you came to a store like this, you used to be able to get anything. and now you go on internet and everything and that is the business. terry lundgren, ceo of macy's you know, we still do most of our business in brick-and-mortar. so we have to stick with the business but it is just not a growth industry. if you're looking for a growth stock, i guess the answer is, not here. stuart: okay. you look like you're freezing cold. >> you're right. stuart: looks like macy's in some trouble. i feel will see some ghost malls around the country when macy's closes 68 stores. some will be anchor stores in malls. look at stock performance. amazon, straight up 22%. last 12 months. macy's down 18%. jeff, thanks very much indeed. i'm

macy's is also getting smaller.ead with closing dozens of stories after yet another weak holiday shopping season. macy's will use the savings to focus on its online operations instead. let's check in on stock market futures. retailers will be under pressure with bad news. we have dow futures slightly higher for points today, 20,000 still inside. s&p futures are not even a point. nasdaq futures down not even the point. nicole: on the makers seem to be looking to keep jobs in the united states. does that make the most economic sense? jeff flock is crushing the numbers. reporter: for medical, we've been diving into the numbers are not surprised it does turn out taking cars in mexico is cheaper for a lot of reasons. not the least of which the cost to make the car. the center for automated research data just the for fusion, they could not in mexico compared to the u.s.a. that the neighbor about $600 her car. the savings for auto parts because there's so many auto parts makers down there. about $1500 a car. it costs more

macy's has really good products. >> reporter: but this might be her final trip here. closing for good. >> i feel for the people, losing their jobs. >> reporter: part of a wider trend. big box and department stores taking hits from amazon and online shopping. >> a lot of people still go to shopping malls, but they also look for the best bargains online too. >> reporter: and local shopping malls are feeling the blow back trickling down to smaller retail shops. >> i think it will get worse before it gets better. having that anchor tenant next door to them for years suddenly gone will certainly hurt their business. >> reporter: retail experts say shopping malls are starting to pivot, focusing less on department stores instead on restaurants, entertainment and beyond. >> you're seeing an explosion of medical tenants particularly in suburban shopping centers and malls where traditionally you never would see that. >> reporter: it's thinking outside the big box at suburban square after the macy's closed here, a new fitness center will open along with new dining and entertainm

. >>> retail in a wreck after kohl's and macy's reported after the bell.ney reagan has the details about what went horribly wrong. >> at least for these two. despite a strong black friday weekend, holiday was rough for kohl's and macy's. both retailers saw comps fall 2.1% for november and december. both lowered full-year earnings guidance as a result which caused shares to fall sharply after hours and before the bell today, dragging down the whole department store sector. macy's now expects its 2017 comp sales to be consistent with that negative sales trend. kohl's says the gross margin will be lower than planned in part due to promotional levels. kevin manzeil said sales were volatile throughout the season. strong sales on black friday and the week before christmas and offset from softness in early november and december. macy's also announced a restructuring, eliminating 7% of its work force. 6200 are corporate, 3900 store associates. 6 stores will be closing this year. i spoke to macy's ceo terry lundgren who said he is disappointed with holiday sales sa

macy's is cutting more than 10,000 jobs and closing 68 stores.ason and more people shopping online. >> and now it's time for the good, bad and the ugly. first the good. the proud uncle say, first impressions matter and now for the bad, the debut of a self-driving car not going quite as planned at cef the car made by chinese auto maker refuse to go activate and lastly the ugly, this lama, rogue animal running wild in a georgia highway right past starbucks. the lama, handsome lama. heather: that wraps it up for us. hope you have a great day and fox & friends start now. >> thanks for joining us. heather: bye. >> it's already a short week. we just came back yesterday. it's thursday. you only have one more alarm clock. january 5th, my name is ainsley ainsley earhardt, have you seen video yet. a special needs man being tortured an being beaten. the attackers screaming racist and antitrump remarks, watch. ainsley: that video right there streamed live on facebook. steve: man, oh, man, we are going to talk about.

nt page today," macy's to slash 10,000 stores.se 68 they write, after seeing sales drop during the holidays, macy's closed or willit shut 68 stores and cut 6200 positions at a time when shopper dps online to scarves to lipsticks. location span from florida to oregon and some countries are the stores are new to the chain, macy's store in ohio,and center, columbus, opened in 2006, 73 employees, historic or , are been around for decades. acy's will shut store in downtown minneapolis that opened 280 employees. new york city, the flagship macy's, we go to william on the line.ican go ahead. caller: good morning. to talk about parts of act that able care aren't covered pre-existing conditions. host: okay. caller: it concerns medigap. a policy you must buy if you want it to cover the 20% of expenses that are not covered by medicare. however, there is a three-month aiting period where pre-existing conditions are not knowed and not many people that. i've had arguments with people they go, it that, is covered pre-existing conditions, it is s

macy's online sales also up double digits and the ceo reiterated to me that macy's has the third highestales in the categories that it competes in online. still, macy's online sales aren't enough to offset the weakness in the stores as a total. and remember, online sales also come at a higher margin. then if you look at amazon, slice intelligence, which scans e-mail receipts of more than 4 million, says that amazon took 38% of all online sales over the holiday season. that is very impressive and it's going to be very, very hard for retailers to compete with going forward. they're only getting bigger. back over to you. >> all right, courtney. thank you very much, courtney reagan. >>> when we come back, we'll continue to monitor developments of the cyber threat hearing on capitol hill. a lot more from the armed services committee. plus, house speaker paul ryan delivers his weekly press briefing in about 15 minutes. we'll bring that to you live. >>> later on, a lot more from ces with our own jon fortt. dow session lows down 76 shortly after those oil inventory numbers. we're back in a minut

in new jersey the macy's at voorhees town center and voorhees at moorestown mall will also close.y's has seen slow sales growth, plus it and other traditional department store chains face competition from on line and off price rivals. macy's hope to grow its on line presence instead. >>> see what happens when a horse trying to board a bus. >> oh, high. >>> plus alexa makes a little girl's doll house dreams come true. she used the amazon voice activated device t order something, and that is not all find out what you can do to make sure your child does not do the same thing. >> get a load of this, crazy video of a giant spool of wire barreling down the highway, toward a bunch of cars. coming up next. >>> if you have not been outside yet take my word you can feel the cold in the air and yesterday, the dramatic, you know, feels much colder because yesterday was so warm. >> yesterday was like summer rackly. >> well, katie will time it out and what it means for tomorrow morning's commute when we come right back. my daughter wants mfrom artificial ingredients. my whole family wants to st

. >>> and macy's cutbacks. why the retrailer is closing up stores across the country and what local ones will be no more. our cnbc analyst weighs in. >>> a new study reveals where it's better to buy or rent a home in the u.s. according to a new report from solutions buying a home is more affordable than renting a home in 66% of markets they analyzed. analysts say while buying continues to be more affordable than renting in a majority of u.s. neighborhoods the equation could quickly change if mortgage rates keep rising this year. >>> macy's is closing up stores across the country following a disappointing holiday season and that includes stores in other area. cnbc's landon dowdy is following that story and other business headlines for us. landon, good morning. >> hello, tracy, macy's and kohl's both tumbling last night after they slashed their profit forecast after a weak holiday shopping season. macy's plans to close stores in neshaminy mall and norristown mall. amazon will open a 4,000-square foot store in the

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

. >> after 52 years, macy's at the mall is closing. coming up we have more on the redevelopment plan. >> a local woman says he tried to rape her. so what is that man doing driving for uber? i'll explain. ahead. >> new at 5:00, a cold day like this when vice president joe biden toured the project as it started. now see the massive drilling project when i come between bake sales and pta meetings, i just want to pay more to file my taxes. i'm totally fine paying extra for something that i could get for free. paying $60 to file my taxes was the highlight of my day. and you just saw footage of me flipping burgers. want to charge me extra to itemize my deductions? i literally have too much money. said no one ever. file for your taxes free with credit karma tax. visit creditkarma.com/tax for early access. i didn't have to pay to file my taxes this year. said you. did you know slow internet can actually hold your business back? say goodbye to slow downloads, slow backups, slow everything. comcast busin

macy's is also planning to add an additional 50 discount stores.avid. >> eva pilgrim, thanks. >>> we turn next here to the health of your children. an eye-opening new advice about preventing those potentially life-threatening peanut allergies. there are new guidelines from the national institutes of health suggesting parents should actually expose their children to small doses as early as four months. small doses of peanuts, and it would seem to be a complete 180 from earlier advice. let's get to dr. richard besser. himself a pediatrician. great to have you, rich, and a lot of people heard this and said, what? >> yeah. this is an incredible turnaround. we used to say these high risk kids should avoid peanuts for the first one to two years of life. now high risk babies, with eczema or egg allergies are tested, and then given peanut paste in an allergist's office. that's because a bold study found that approach could reduce the chances of peanut allergy by 86%. it's not going to change anything for kids who have peanut allergy, but starting today, fu

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

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

is macy the company still making money but on line sales? >> reporter: yes, that's funny, because they're saying on line sales are hurting them, from competitors, like amazon, but their on line store is doing great. in fact, the money they'll save, always hard to hear that they're saving money by getting rid of 10,000 workers, but reinvest a quarter boulevard, 250 million, in their on line business. >> on line business. >> which is doing a lot better than their old bricks and mortar as they call it, the classic store. >> i always like to go into the stores, though. >> yep, nothing like actually feeling it, trying it on. >> well the one at 13th and chestnut still there. >> that's true. especially during the holidays, a lot of people go so they can see the christmas village. >> the decorations. >> and the lights show. unfortunate, all of those jobs lost. >> well, police officers never know what they'll come across during a traffic stop. but this gift from a little girl was something one local cop never saw coming for sure. what she gave him an

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

macy's closing 100 stores and laying off up to 10,000 employees. kmart and sears closing 150 stores. even selling the craftsman tool line. another department store, kohl's s, also posting losses over the holidays. >> people can get their hair blown, go to the gym, go to the coffee bar. >> americans did spend big over the holidays. up 4% over last year. online sales up a whopping 17%. more amazon, less sears. >> i think it's sad, but it's a lot easier for people to just do online shopping. they can sit home on their couch. >> americans today are choosing discounters, among them t.j. maxx, ross and burlington. >> to survive, retailers need a digital and physical store offering something unique. even amazon is opening pop-up stores, where else, but the malls. >>> on the subject of that all online holiday shopping. today is expected to be the biggest day ever for online returns through ups. on this day alone, ups expects to ship 1.3 million unwanted packages back to retailers today. which the company has dubbed national returns day. >>> when we come ba

it officially bought the macy's store attached to the mall just one week after macy's its doors. acquiring macy's was the last step. so the mall will close at the end of the month. these sketches show the visions for the new mall with retail and residential space. it's not clear when the new mall and development will be finished. >>> here's a story getting a lot of attention online today. a server in colorado was stiffed on a $140 tab. >> that's right. she posted a photo of the receipt online. take a look at this. you can see it right there. two big zeros on the tip line. now the woman pointed out that servers make less than minimum wage but she doesn't think most people realize this. she said quote, $400, if that in a paycheck per month. that's not a lot. >> boy that's a tough one. this sparked a big discussi on the wusa9 facebook page and a lot of people like pamela question the server. i wonder about these stories sometimes. i always put a line through the tip area because i always pay in cash. i think from write cash tip left. and michelle said if you can't afford to tip go t

unfortunately for macy's fans f one local macy's store will bei closing for good.heck the markets andcle a joining us from the fox business network studio goodtuoo morning lauren simonetti. simet >> reporter: two for two onortef wa strtreet. >> not a bad start to theot aads year. how we looking today.w we lookid >> reporter: yes,ay. stocksto gained other second trading oth day.ering yesterday 58 points away from fo 20,000. can we get to 20,000 today? absolutely.solu dow futures relatively flat.la we get an oil inventoryto report, we get a services servi sector report, we get joblessobe claims and tomorrow the bigheig government jobs report. so, perhaps, perhaps with the te strong jobs report tomorrow werm do finally see 20,000.0, but who knows.no very elusive. >> been so elusive. esive we're knocking on the door. d when we talk about interest ints rates, this was big at the endtn of 2016 but we're hearing likenk a gradual increase is whate i w investors are looking for. for like how gradual is gradual. gru >> reporter: that's whatt's investors like to hear. h a mea

. >>> macy's announces thousands of layoffs. a look at the local impact as they close dozens of stores. >>> mystery stofld. the washington monument lights my husband wants to stay free from artificial ingredients. my whole family wants to stay free from artificial preservatives. and my debit card wants to stay on a diet. great prices on over 800 organic and free-from items. eat well for less. my giant. >>> says it's for your privacy and safety. tonight v public bathrooms separate. >> but opponents say it's unnecessary and they tell our northern virginia reporter it will cause more harm than good. >> men, women. the signs posted on just about every public bathroom. most of us think nothing of it. but in a newly proposed bill, prince william county delegate bob marshall wants the signs backed by virginia law. >> what i'm saying is keep it as it is right now. look, there have been transgender people for a couple hundred years. they haven't had probl

it in our area the macy's will close. the company said it was a disappointing holiday shopping season. the stores are expected to close by the summer. >>> also, new at 6:00. chicken fight in wilmington, delaware. a mom and pop shop has been serving up wings for 35 years. >> they're fighting to survive as their street gets spruced up. >> nbc 10 reporter explains how it could be more symbolic of changes getting cooked up in wilmington. >> reporter: andrÉ said this is why he's been coming here for lunch. the place has been busy for 25 years. the new owner of the building has been developing lots of apartments they told the restaurant it's time for them to move on. they're going rehab the building and move a pricier italian restaurant into their spot. >> there are very few places that are inexpensive to get a quick lunch. >> reporter: he said he has a 10-year lease. former owner said that was month-to-month. there's a scheduled hearing to sort it out with the buildings' owner. it will might be a glimpse into the future. a bus

bad news for macy's. announcing plans to lay off 10,000 employees and close 100 stores after a disappointing holiday season. the department store reports a 2% drop in sales compared to last year. macy's plans to close 100 stores with 68 of them closing this year, the rest in the next couple of years. no bay area stores on the list to close. however, macy's is selling the union square store and galleria locations. for now they're leasing the buildings from the new owner. >>> sears is shutting down 7 of its name sakes stores and 24 k- mart stores. none are in northern california. when the stores close their doors, sears will have shut down more than 200 stores now. the roadway tailer has seen revenue fall 15% in the last year. shutting the stores is expected to cut the expenses but we'll continue to watch sears and other retailers. >>> better news from tesla. we check in with hillary vaughn for more on this huge plant tesla is opening. >> reporter: good morning, that's right, tesla's factory is a (500) 000-

. >> department stores like macy's are shutting down locations. the unique that will take their place. >>> some philadelphia restaurant owners have a different reaction to the city's new soda tax. how children are benefiting from their idea. >>> this is nbc 10 news. >>> welcome back. kate snow joins us now from the nbc studios in new york. >> she has a look at what's coming up on "nbc nightly news." >> hi. ahead for us tonight a heated day on capitol hill as the senate questioned president-elect trump's pick for attorney general. lester holt also has an exclusive one on one aboard air force one with president obama tonight as he prepares to give his farewell address. and does your child use headphones? a new warning that parents really need to hear. all when we see you back here on a busy news day. >> thnanks, case. see you at 6:30. >>> to walmart who is helping their employees boost their skills. they opened their first training academy in pennsylvania inside the hatfield supercenter on route 309. the academy offers a hands-on training program fo

macy's had a tough year. struggling against fashion competitors and macy's holiday sales were weak. macy's will layoff 10,000 employees. it will now have 660 stores in the u.s. it may have to cut deeper for a serious turn around. it is cutting deeply and the stock is down 10%. sometimes that happens and the stock sor stock soars. look at the environment. kohl's with weak sales results. that stock is tanking pre-market as well. if you are not a department store, sales were good. people spent money. holiday sales were good. not good at department stores. that is a business model issue. finally, if you raked in $25 million last year. >> when? >> just scored a job as the top diplomat and strike a deal to cash out $230 million of stock. would you do your own grocery shopping in f shoppi shopping? apparently for rex tillerson, yes. at a washington, d.c. grocery store. this is what he tweeted. yup. that is rex tillerson in my safeway. his security guy is 20 paces behind him. he is in the canned goods aisle. raisin brksan in the bin. tillerson is known for his close ties to russia. >> that