the macy's notifications were even more interesting. they pinged me once when i entered their store in philadelphia. i just put my hand on the door handle and a notification popped up saying welcome to macy's. they know i'm here. then again in san francisco two timely notifications, not in a macy's store but get this, while i was in other stores. they sent me a 30% off notification while i was in this store, one of their direct competitors. they also pinged me while i was in a small independent boutique.

. >> and also this, why macy's why not another one? did you find that one because that's the most likely candid e candidate? >> i think the most likely among department stores. >> all right clearly, we have dissension here your daily cup of coffee may perk you up in morpg, but we can't say the same for your portfolio. the coffee trade cooling off starbucks down 7%. dunkin' down 5% in june. coffee futures have falling 4%, but our chart master says one of these trades is about to warm back up. break it down, carter. >> doesn't make a play on starbucks, it's been weak and maybe you've got bounce potential. start with the lopg term chart and sort of work backwards to the here and now what you have on the screen is well, it's a ten-year chart. you can see the lines i've drawn. often, if you break out as you see here, from a well defined formati formation you will fall back to the point from which you broke out before going again you have this great rupp up and then this consolidation. trz one way to be to draw it as this again, that wedge,

what do you see with macy's? >> macy's, the balance sheet is much more stressed, 50-50 in the pie, so to speak. i'd be more careful with macy's because you got a credit situation. so i'm more looking for the less leverage balance sheets in the storm. >> kohl's? >> kohl's is for us the near-term trading,ium side, down side, based on how well the credit is performing. you see in the chart. we're seeing a very pounding the table, short terms one, two month trading buy here for the equity. >> are you surprised to see, you know, what itself going on with the bond market and your capitulation readings, given the stocks are trading, these guys are going out of business across the board w. that differentiation between a nordstrom's, macy's or a kohl's. >> it might not be as bad as the equities are saying. number two, zero coup upon bonds are up since the march fed meeting. almost 12%. bonds is holding abrupt like 6 or 7. a lot of hedge fund asset managers are under perform credit, under weight, excuse me, bonds, so they'

i work in the woman 's shoe department in macy's in college. could sell shoes to anybody. i'm telling you. made a fortune. then moved on to television. >> yes. >> photos of the macy's parade >> yes, i will powe, see i will post it on twit inner a while and facebook. >> jill, thank you. >>> in other news this morning , important news, i might say, votes are in and stage is set. >> two candidates who will face off to replace outing new jersey governor chris christie have been chosen. on the democratic side philly up murphy is nominee. goldman sachs executive and obama administration am was dor poured 20 million-dollar in his campaign. >>> republican chose kim guadagno, former sheriff and prosecutor has served as christie's top deputy for past two terms but she wants her support tours necessity she will run the state her way. >> aim running for governor based on my values, based on my record, and based on my principals. >> four more years of christie style politics won't change new jersey's unfair, unsuccessful, unsustainable course. >> kim guadag

macy's notifications were even more interesting.e when i entered the store in philadelphia. just put my hand on the door handle. notification popped up, saying, welcome to macy's. they know i'm here. then again in san francisco, two timely notifications. not in a macy's store, get this while in other stores. sent me a 30% off notification while i was in this store, one of their direct competitors. they also ping me while i was in a small independent boutique. literally in the dressing room. in addition to gps, stores are using bluetooth, wifi and phone microphone to let them know where you are. selectively target you with ad. retailers hoping to keep your money in their stores and off the internet. >> make stores into the internet. >> yeah, essentially be able to track people in stores, like we track people online. and then connect the two. ♪ >> thanks to becky there. macy's told abc that its app send relevant stores to users who opted into location based communication when they are geographically near a macy's stor charged with giv

return macy's to sales growth.rketing messages, simplifying pricing, but staying promotional, leading into its own brands and brand exclusives, and changing merchandise. they cutting down on duplication and leaning towards fashion, which is also part of the strategy to fight against amazon. >> there's a place for both amazon and macy's to succeed with customers as they develop competency in apparel, we'll stay ahead with fashion. what we outline in terms of where we go with exclusivity and products and working with brands who really do want us to win, i think that is our competitive edge. >> and the interplay between digital and the stores, of course, key for macy's and amazon doesn't have the stores, but it's rare for a retail ceo to even say amazon by name. overall, analysts seem to like macy's ideas, but uncertain whether it's going to drive sales and profit margin, especially in the short run. macy's can only control so much, and we know that retailers are troubled right now. kelly? >> yeah. courtney, stay ther

macy's notifications were even more interesting. me when i entered the store in philadelphia. just put my hand on the door handle. notification popped up, they know i'm here. then again in san francisco, two timely notifications. not in a macy's store, get this while in other stores. sent me a 30% off notification while i was in this store, one of their direct competitors. they also ping me while i was in a small independent boutique. literally in the dressing room. in addition to gps, stores are using bluetooth, wifi and phone microphone to let them know where you are. selectively target you with ad. retailers hoping to keep your money in their stores and off the internet. >> make stores into the internet. >> yeah, essentially be able to track people in stores, like we track people online. and then connect the two. ♪ >> thanks to becky there. macy's told abc that its app send relevant stores to users who opted into location based communication when they are geographically near a m st z2cpsz zi0z y2cpsy yi0y charged with giving top

as you were finishing, i want to point out that macy's investors day has ended and stock down 7%. during the investor day, a couple of headlines were that, macy's is considering using the upper floor of the herald store and the rooftop of the store to explore alternative uses. our next guest may have something to say about macy's -- he istself into a injured in an rates and investors are fitted to safety events, the risk u.k. election, the ecb policy meeting and james comey's congressional testimony on thursday. how should investors be positioned? you are the lead portfolio high incomethe tcw equities and the global reach funds. on macy's, it is in the news this minute and shares down 7%, does it need to become a race entirely? optionhould explore that , macy's is a traditional retail company, outside of the scope of what we invest in. that strategy has been followed by other countries -- companies and is liable. vonnie: why rates? are your portfolio made up of those two types of investments? >> not necessarily, we focus on high dividend space. also lots in the market -- any divid

shares of macy's plunged by more than 8%.warned that its profit margins could be wr forefasts but an especially week first half of year. macy's is shutting down about 15% of its stores and aims to better compete online. >>> fish recordish network has e fine for violating the do not call line. dish repostedly contacted consumers on the national do not call registry. dish says it will appeal. >> and southwest airlines is offering a three-day sale with one-way fares as low as $49. the deals are good until june 8th at 11:59 p.m. there are some restrictions. international travel can only be done on tuesdays and wednesdays. but i say time to plan a trip. anne-marie? >> i agree. jill wagner at the new york stock exchange. thank you so much, jill. >>> ahead, a first on "cbs this morning," "fortune magazine"s reveal this your's top companies. up next we'll take you to london where james corden is hosting a special week of "the late late show." >> some people might say it's a strange time to do a variety show from this city. i couldn't

is difficult for department stores, macy's announced a large-scale closure. announced large-scale closure plan. stores.s been closing it's a model consumers don't seem to be responding to in the you used to. you are not going into department stores to shop for a way you oncems the did. there are ways to do that more efficiently from your couch, on internet, you don't need to go to one store, you can go to multiple stores. macy's and jcpenney are struggling to modernize and it these nsive to have stores. for a long time, ethos, was be everywhere and grow your sales, that is how you grow profit. from aesn't work anymore physical standpoint because you have to be online and it is customers o provide free shipping and to stock goods and send them around the country. really make that equation to find the right balance of the number of stores to have and when anchor stores close, they auch take the entire with them. malls with anchors like jcpenney have to s are closing, figure out what do i do with that big space? dick's rn it into a sporting goods, chop it up int

when this macy's shut down in new jersey, 107 people were laid off. on friday, the labor department reported more than 6,000 retail jobs lost in just one month. more than 100,000 retail workers have lost their jobs since october. that's more than the total of co-workers in the u.s. malls that survive will have to innovate, becoming more than just a collection of stores. >> whey think retailers really need to do is become more experiential. they need to provide entertainers for consumers when within su consumers want to shop in the store. >>> in a moment, remembering a man who built a big business around the world of surfin (bell rings) with my moderate to severe crohn's disease,... ...i kept looking for ways to manage my symptoms. i thought i was doing okay... then it hit me... ...managing was all i was doing. when i told my doctor,... ...i learned humira is for people who still have symptoms of moderate to severe crohn's disease... ...even after trying other medications. in clinical studies,... the majority of people on humira... saw significant symp

i sold macy's bonds when i was at goldman sachs and macy's went bankrupt. then it had to reformulate. >> but this is -- i think the big picture take away simply is hey, this is the founding family which controls -- i have bruce at 15%. -- at 9%, the other brothers at 1.5. so we're talking about 40 some odd -- >> 48 -- >> not quite 40, sorry. let's call it 25, 30%. 26, 27% of the outstanding shares. they're saying, hey, we think there's value here. we're going to explore whether we can actually take advantage of what we think has been a beaten down sector. and obviously, operate no longer having to worry about quarterly numbers. no longer having to worry about getting punished by wall street in an unrelenting difficult retail environment. >> by the way this stock was at 60 last year. do you know what terms you used, don't have to take it from wall street anymore and we don't want to think about each quarter. >> right. >> in the end, nordstrom is a little white neiman, where is neiman in terms of the bonds? >> not pretty. not pretty at all. not for j.crew eit

listen you've got to show off those guns head to toe macy's he looks amazing.oday. >> i think, i don't know, uncle sam never had muscles like that. [ laughter ] >> 2017 uncle sam has muscles. >> exactly. rebooted uncle sam. looking very good. again you can shop started the 28th through the fourth every bit help. listen you can't than this. come on. >> and the three dollars is saving lives. >> it really is. >> and we can both speak to that. >> it does. it saves lives and for those who can't go to local macy's store you can go online macy's.com/got your six and get this pass online and get the 25% discount and enjoy fourth of july by supporting veterans. >> bill and melissa thank you so much for all you do. >> thank you. >> there's the information on your screen right there. go out and shop make someone happy. back over to you guys. >> what could be easier. >> love it, love it, love it. >> right now 10:47. okay. we promised you this a pop-up bar that let's you drink like, new hang out. before winter comes, we're taking a summertime stroll through shaw. for a look

watch that. >> analyst meeting held in four years, question about amazon, macy's ceo saying, look, macy'son can coexist. >>> a serious note on facebook, you know, 6 million people felony convictions in the country, wonder where there's not job growth? make it ease year for people to get jobs. did something 20 years ago, served the time, you should be able to go back to work. >> thank you for watching. >> closing bell starts right now. ♪ >>> hi, everybody, welcome to closing bell. i'm kelly evans at the new york stock exchange. >> i'm bill griffeth. ceo confidence hit the highest level in three years. hopes for the president's pro-growth agenda still high, details of the new survey from the business round table coming up in a little bit here. >> it's really bitcoin's and bonds, i mean, those are the two big stories in the market today. we'll have more on that later. both rallying, by the w

macy's down 40%. j.c. penney, target,24%.il, amazon has seen 155 million people in the first quarter running to amazon.com. that is over 60% of all internet users here in the united states of america. the second retailer is not even 5%. so just shows you when a behemoth amazon is and what the retailers are facing. >> neil: incredible. nicole from the new york stock exchange. john kelly just said something very frightening today. and i mean really frightening. not about what's going on across the pond, but what could be going on here. >> nei >> in many, many cases the refugees have no paperwork, have no passports. we have to take their word for it. in the past, we exercises too much good faith and i think the things that we're looking at is okay. if you don't have a passport, you have no proof of who you are, we need to know some additional facts and figures about you. >> neil: doesn't seem like an unreasonable request. michael, what did you make of that? i didn't know we don't have much of a database or a lot of background on

. >> reporter: fox 29 found he build himself santa actor at the macy's store in center city philadelphia. noticed red shirt he's wearing in this mug shot. >> you're sending your children to see santa claus and here, you know, he's a predator.

coach kevin macy shared these photos with us. >> the football players had weight training today so they weren't on the field, thankfully, they were in the gym. that's just up the hill from the high school. >> katy is there live. katy? >> reporter: kristen, the good news here, firefighters have stopped the forward progress of the fire. it is 50% contained. we are standing in the field next to camp wa linda high school. a live look above has the best vantage point. they've really been fighting this from the air. the water drops are what made a difference firefighters say. you can see there's white smoke now. you've got scorched land and dense brush and trees. the fire spread quickly throughout. i want to show you the video of the water dumps from the sky. the attack made all the difference. 20 to 30 homes were threatened,

macy's issues a profit margin warning and sends the stock down 8% yesterday.uch of the retail sector wit. sears to close 66 stores in addition to the 1 50 closures that it's already announced. most of those closings involve kmart stores. >> if every store sells, the stock goes flying. >> and you have macy's on the call -- >> paid $30 a day for that. macy's that -- look, if you go through the actual deck it's great. it's great. it's great. and then on the second to last page they say margins could be under pressure it stings it's horrible. a lot is about how they play the yield t cash flow. >> all the stores are profitable i believe. >> yes. now i'm -- >> not to mention that flagship, they won't. but man, a lot of value in that if they wanted to go down that road. >> one-third the price of when we heard -- when we delivered -- >> negative output. >> when a very smart guy came. >> jeff smith. had success at starboard, not in this name. he's long out. >> but he's not like greenlight, greenlight was like a north korean election how bad he lost. >> yeah. excluding

the macy's notifications were even more interesting.and a notification popped up saying welcome to macy's. they know i'm here. then again in san francisco two timely notifications, not in a macy's store but get this, while i was in other stores. they sent me a 30% off notification while i was in this store, one of their direct competitors. they also pinged me while i was in a small independent boutique. literally in the dressing room. in addition to gps stores are using bluetooth, wi-fi and even your phone's microphone to let them know where you are. and then selectively target you with ads. retailers hoping to keep your money in their stores and off the internet. make stores into the internet. >> yeah, essentially be able to track people in stores like we track people online and then connect the two. [ applause ] >> now, michael, macy's told us they only send relevant store information to those who have opted in when they're geographically near a macy's store. but for some people, that's still giving them too much information. >> a lit

macy's shares are plunging today after a warning of tightening second-quarter profit margins.he world's biggest department store says growth margins are a full percentage point below the year ago period. macy's says the cost to maintain earnings forecast, which it reaffirmed today the next earnings release is august 10. and that is your bloomberg "business flash." joe: and we have some breaking news ahead of the testimony tomorrow from former fbi chief -- sorry, thursday, before james comey's testimony on thursday -- he is going to stop short of saying trump obstructed justice, but he is planning to detail his conversation with trump. we will get detail on the conversations he had with president trump, but according to people familiar with his thinking come he is likely to stop short of characterizing it as obstruction of justice, and he is also said to have coordinated his testimony with robert mueller, who is leading the russian investigation currently at the fbi. scarlet: promises to be must-see television, which sets us up for a programming reminder. on thursday, we will b

the spokesperson at macy's what he specifically did here. we're live in center city, i'm greg ar fw os. cbs3 eyewitness news. >> the search is on for suspect that attacked a woman jogging in south jersey. this happened province state park pittsgrove salem county and suspect attacked the woman on monday on the lake trail hitting her in face and neck with the stick he hit the suspect back and ran to a camp site where she got help from lease. she was not seriously injured but this is a sketch of the suspect white male, 20 to 30, 62 about skinny build and short dirty brown hair. >> authorities recovered the body ever a 17-year-old swept away by current in the mercer country creek. marty bartrud and several feign agars went swimming hamilton township john robel robeling park yesterday afternoon and bartrue and another got caught in a tidele creek that feeds into the delaware river. bartrud did not make it out and they said he did not know how to swim. >> the second teenage swiler disaappeared into the ocean one week ago. 15-year-old quinn vanishe

is this a constant evolution >> commerce is always evolving, so yes for macy's it really gave them a window on to what was happening in street retail and for us, we got to experiment back in the mall and see what that set of consumers was interested in. the millennials are shopping the malls a little bit, we wanted to understand that consumer it's been a huge learning experience. >> what have you learned in terms of millennial shoppers who are in the malls, are you able to pull them into the department store? >> what's interesting, they like blue mercury when they pop in, they can touch everything on their own. things aren't behind counters and the staff are trained in all brands if they have a question, it's really about what they are looking for and not necessarily about one brand's product. >> how do you keep up with local trends i'm guessing what plays in new york city may not necessarily play in peoria how do you keep between the different markets. >> it's art and science, we have huge data bases that we're calling through to look at trends and huge listening posts so we're list

i know for a trade macy's is probably okay. went to a bunch of them, said how could this be down to 22 and came away saying, i cannot stand those cheap plastic hangers, red signs every where, disorganization, dowdiness, no, i'm not going to macy's and i'm not going to recommend the stock. the mighty have fallen it seems the super markets are at a race to the bottom. kroger has the signs it's uninvestable out there >>> and could an oil glut and services survive an uncertain market and i like it >>> with the fed decisions to raise the second time in 2017, does your portfolio have the ability to thrive in this market or make it tonight's edition of the "lightening round," stick with cramer ♪ we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. . >>> has the price of oi

>> the common thread here between macy's and j. crew is leadership. both had what at one point wall street viewed as the best ceos. merchandisers, getting on apparel trends. who gets it? who is the retail geo of this period? >> that's the question here and it's so interesting that the old school leadership has really failed to embrace the environment. so, you know, we have to open the doors and let the new thinkers in. the great example of that was larson that was at ralph lauren that didn't workout. someone like that is a great candidate to put forward as a new leader and new thinker. >> why are u.s. brands getting killed? their lead times are nine months. some are looking for approval and round applause that they reduced it to 6 months. zara chases within two weeks product that is working. you can't compete with that. it's the experience with supply chain and who experienced the fast fashion transition and it's taking the blinders off simply. >> these are people about the business process and manufacturing and sourcing and all of that stuff as oppos

we reach out to macy's corporate trying to get a comment. we have not yet heard back. in folsom, dave kinchen fox 29 news. >>> life and sirens near philadelphia international airport tonight. delaware state police say two men robbed a store in new castle at gun point then led police on a chase across the pennsylvania state line. troopers caught up to and in fact caught the two right near the airport. >>> on your radar tonight, we are tracking showers. live look at old city on this beautiful summery thursday night. i love that. so how are things looking down the shore over the weekend ask you? >> well, lucky for you we've got fox 29 meteorologist monica cryan in the house. what is going on? >> well, it does look like we may get a wet start but nice enzo let's get right to it. your temperatures starting to cool down. slowly but surely we're in the low 80s in philadelphia. some areas also into the 70s. 79 degrees right now in pottstown. your current setup, though, showing we were contend wig few showers towards lancaster and berks county. it is starting to dissipate most

. >>> macy's stock dipped more than 8 percent yesterday.llowed its warnings to investors that profit margins would keep declining this year. macy's bad news also spooked investors of other department stores and analysts say that's part of the reason all the markets fell yesterday. today asian stocks are mostly higher as trade ertzers look ahead to tomorrow's british elections. >> new on "action news" fans give an nfl player an hours long ride home because he missed a flight. the story is coming up at 5:00 a.m. >> a young woman gets a graduation day surprise from her brother who is serving in the army. >> ♪ at hellmann's, we care about sourcing 100% of our oils responsibly. and we care about incredible taste. because at hellmann's, we're on the side of food. >> ♪ >> 4:55. good morning everyone. it is wednesday. philadelphia international airport on sky6 with a temperature of 54 degrees on city avenue. a little chilly than most mornings here in june. we do have a little bit of rain showers out there. just a few. getting up to the mid 60's tod

for macy's, it gave them a window into what was happening for street retail. and for us, we got to experiment back in the mall and see what that set of consumers was interested in. the millennials are shopping the malls a little bit so we wanted to understand that consumer. it's been a huge learning experience for both of us. >> what have you learned in terms of the millennial shoppers who are in the malls. are you able the department store? is. >> what's interesting is they like blue mercury. when they pop in, they can browse, they can touch everything on their own. they're trained in all brands. it's really about what they are looking for and not necessarily about one brand's product. >> how do you keep up with local trends? because i'm guessing what plays in new york city may not necessarily play in peoria. how do you kind of keep between the different markets? >> it's art and science. we have these huge databases that we're constantly combing through to look through trends. and then we have huge listening posts, we're listening to people and our staff and

macys is becoming the rule. just think about the landscape. remember when underarmor was all the rage? now it's all the rage at tjmaxx, that's not where you want a rager. remember when victoria's secret couldn't miss? now it condition the hit. urban outfitters used to crush the numbers with fashion? now they're talking about how fashion is difficult. that's code for loyalty. or the lack there of. young people don't go to the mall to hang or peruse. they're laser focused, head down, getting what they want and going home. that hurt crew immensely. it's hurt the whole sector as we recognize that this country is dramatically overstored. it wouldn't surprise me to see as many as 7,000 stores this year, turning some malls into ghost towns many crew had a worse balance sheet. the darn thing hasn't had to file for bankruptcy. i know, low bar. but it was able to attract top talent in the form of james brandt. the man behind the success of williams-sonoma. i wish him luck, given the current landscape, he'll need it. what does any of this have to do with

macy's always using -- >> is that your phone?f shopping. >> none of my business. >> i am a consumer reporter. i have to consume. you turn these apps off. >> never. >> it depends what you like. some like the appreciation of getting a coupon. >> they like a deal and coupons. >> i will keep researching this and do more shopping. >> you got all the apps for it. thank you, thank you becky. we really appreciate that. more information on how to turn off location tracking for both iphones and androids and that's on our website and we're going to go to ginger now. >>> this time outsi good morning to this wonderful crowd but also to get your "gma" moment. so it's monday a little cappuccino to get us going fro see everybody needs a good cup of coffee in the morning, thank you for sending that in, this is so fun, send me your "g.m.a." moment on my facebook page and we can share positivity on a monday morning. >> reporter: all right, gingers moving into western chester county. we have cloud cover and temperatures in the 60s and spots down sou

when this macy's shut down in new jersey, 107 people were laid off.nd while job creation is clearly a priority for president trump -- >> we are going to bring back your coal industry and your steel industry. we're bringing it back. >> is his focus on the right industry? more than 100,000 retail workers have lost their jobs since october. that's more than the total of coal workers currently employed in the u.s. >> i'm stephanie. >> nice meeting you. >> smaller independent stores see the impact first. >> since you're without your anchor store in this balmall, it affecting your foot traffic? >> yes. general foot traffic it affected, especially losing macy's is not helping. >> she's not alone. mall growth has stalled in recent years. while 300 major department stores have vanished from neighborhoods across the country. the changing retail industry is creating opportunities for some. the winners include outlet malls and travel. americans spend more on experiences like dining. restaurants are seeing a boost. the cheesecake factory has seen sales increase 14

the spokesperson at macy's what he specifically did here. we're live in center city, i'm greg ar fw os. cbs3 eyewitness news. >> the search is on for suspect that attacked a woman jogging in south jersey. this happened province state park pittsgrove salem county and suspect attacked the woman on monday on the lake trail hitting her in face and neck with the stick he hit the suspect back and ran to a camp site where she got help from lease. she was not seriously injured but this is a sketch of the suspect white male, 20 to 30, 62 about skinny build and short dirty brown hair. >> authorities recovered the body ever a 17-year-old swept away by current in the mercer country creek. marty bartrud and several feign agars went swimming hamilton township john robel robeling park yesterday afternoon and bartrue and another got caught in a tidele creek that feeds into the delaware river. bartrud did not make it out and they said he did not know how to swim. >> the second teenage swiler disaappeared into the ocean one week ago. 15-year-old quinn vanishe

what is the real problem macy's, nordstrom's, sears? >> the real problem is that retail is over stored now. it's not a liability, it's an asset. the problem for retailers today is getting it to be flexible enough to use in your online business and some have done a nice job. i would call out nordstrom's -- >> in a good way. >> yes,a pos it tiff way. sweat iing the asset and use the assets for both channels and that's where retailers have to go. and if you can't do that and we discussed it. >> 92% are still done off line. >> that does include gasoline sales. financial flexibility. proi vat he cequity and then ths everybody else, can you split it down the middle? >> you can certainly split it and i think when you're looking at the retailers that did leverage up and these would be the private equity owned companies, they may not have the flexibility to do what they need to do. you have to invest in your online business. you have to compete against everybody and think about it this way. amazon and walmart right now are in the middle of a bat

. >>> macy's is getting a boost. it's a start of a comeback we got those details i'm mellissa lee you are watching "fast money" on cnbc, first in business world wide in the meantime, here's what else is coming up on "fast." >> keep very quiet. >> they're hunting for a deal. one ticket to stocks could be your ticket to income. we'll explain. plus, yep, that's what's happening to tech. there are three hot names in particular that are looking particularly vulnerable. those stocks when "fast money" those stocks when "fast money" returns. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim. only at td ameritrade parts a and b and want more coverage, guess what? you could apply for a medicare supplement insurance plan whenever you want. no enrollment window. no waiting to apply. that means now may be a great time to shop for an aarp medicare supplement insurance plan,

we reach out to macy's corporate for a comment. we have not yet heard back.ack to you. >> all right, thank you much, dave happening right now accused of sex offender bill cosby a motivational speaker? fresh off a mistrial on indecent assault charges. cosby says a spokesman is about to hit the speaking circuit to talk about sexual assault. now as you might imagine the plans have both legal and public relations experts basically shaking their heads. >> and wondering when the talks will actual happen. bruce gordon covered cosby's first trial from beginning to end much this is surprising, bruce. >> reporter: to say the least. it seems to an awful lot of folks like cosby taking a victory lap of sorts after a tie game. one he came awfully close to losing one that is soon to be replayed. >> stunning plans were were revealed by spokespersons for bill cos bean his wife camille on a morning tv show in birmingham, alabama. >> i think we move on now. mr. cosby wants to get back to work. we are now planning town halls. >> reporter: subject of those town halls, apparently

david: tough time for macy's. melissa. melissa: gold finishing at highest level in seven months settling up more than a percent to 1297 an ounce driven by conflict between saudi arabia and qatar and a weaker u.s. dollar. oil ended higher snapping a two-day losing streak ahead of a government report expecting to show ninth straight weekly decline in u.s. supplies. david: white house pushing forward with a packed agenda. president trump meeting in the white house. he is working hard on his agenda. >> we' working very, very hard on tax cuts and working very, very hard on health care. i think we'll have pleasant surprises for a lot of people. david: let's hope they are pleasant. adam shapiro outside with details. reporter: anthem's decision to leave ohio will leave the obamacare insurance exchanges without any plans in 20 counties. indianapolis-based anthem setting prices for insurance plans under the affordable care act or obamacare as we call it, is increasingly difficult due to the shrinking individual market as well as con

close a lot of it down maybe use it as logistic centers. >> are you suggesting they could also buy macy'sy will buy macy's, do a strategic sort of thing. >> only as distribution, though, right? >> it's a phenomenal brand there was an article in the "wall street journal" this amongsti morning, alibaba implement e-commerce, partner with bricks and mortar retails and implement their logistics and distribution and let them sell more 14% of retail sales was online. >> what's the draw -- >> in china last year, we have less than 10%. if you're a brand, an ex po t-- >> they're losing traffic numbers. the rchb i think costco survives this whole thing, they got the traffic numbers. they've actually been going up, they've actually been growing. same-store sale in temprms what they're doing with the traffic numbers. i think the way they're doing it, a part of it is gasoline people are going there, getting gas, suddenly going there, getting their gas that's less expensive. it's a great opportunity it's like prime. they have to have a membership to be there. >> i don't doubt any of that however, to me

. >> 25% are three companies, macy's jcpenney's and sears.ow does that affect you if you believe in the amazon effect, simon properties, why not take a flyer and go on macy's and jcpenney's and sears. >> what kind of yield you getting? >> in some of those other names? macy's you're probably getting a decent yield but there's a lot better places, to joe's point if you're buying simon properties for the yield alone, that's a real property, because this thing could easily slip further. >> it feels like a relative valuation call the stock has underperformed ggp, it is the best in class, it is an a operator, a mall operator if you're going to take a flyer, you're taking a flyer with one of the best in the industry. >>. >> that's a little bit different than looking for a b or c mall reit >> nobody will touch those >> and these guys have been changing -- >> never say no one. >> but that's not a reit >> you get my point. >> i do, scott >> this management team has really been changing with the times, though, too their malls have a lot more experiences

we sell to macy's, we sell them thousands of key lime pies every year, and the customers in new yorkove it. >> and i think what that proves is that you're a great marketer. the challenge that i have is, i can't invest in something that isn't proprietary, and here's why, if you make a pie and there's no secret ingredient or secret recipe, the next guy down the block can make it. i want to be able to look people in the face and tell them that i have something that's special and that's unique. i'm on my way to big pine, the company's other retail location. i'm gonna meet alison, jim's 50/50 partner. i want to find out how this store is doing. >> the big pine key store. >> big pine. hello. >> hey, how you doing? >> how are you? i'm marcus. >> david. >> nice to meet you. >> nice to meet you. >> i'm alison. >> nice to meet you. >> it's an honor to meet you. >> nice to meet you. so what makes this location different from the one that i was at earlier on greene street? >> this store is a small percentage of our business, but we also do all of our shipping here. >> how much business will this

e >> i often think there's not much difference between what i see and what recent macy's and that regard. in the end of the process, we means -- what the exit we can judge what brexit means. brexit no accept matter how damaging it might be. we heard theresa may herself spell out the dangers of our economy and public service if brexit goes wrong. i believe our future should be decided for us. not now but when the time is right. the immediate opportunity in this election is to make sure we brexitincluded in negotiations. strengthen my hand to make sure scotland's voice is heard in the negotiations over the next few months. [applause] >> i have a choice. don't know which journalist to pick. [applause] eenie, meenie, miney mo. go on, simon. >> thank you very much first minister. openy corbyn said he would negotiations with you. i wanted your idea on that. and where you so quick to write him off, even the polls suggest he is winning the campaign in england. >> i did i watch all of it but i watched some of the debate but knows not a debate but you i'm not sure would've been hard to come up the

and i think, specifically, let's talk about a company like macy's.w, they're suffering right now. their sales have gone down. and just today, we learned, they're talking about opening a park on the roof of their flagship store there on 34th in manhattan. i mean, i know branding is in some ways about connecting with your customer. is that a way to connect? i mean, what -- are they grasping at straws? what's going on there, do you think? >> first of all, they have one of the most iconic names in the world. and i think they are in one of the most iconic places in the world. and i think they can come up and be a disneyland of who they are, because of their location and because their name is globally recognized. and i think this is one of the things, they're creating a lifestyle. and now it's going to be about, how are they going to go and tell people that they are the new brand? i mean, we've seen many characters in our days, such as bugs bunny and this guy, but why do we love mickey mouse so much? because they created a global brand. and now macy's can

the chief executive of macy's is vowing to keep shoppers attention, even though going to the mall ise popular as popularis not anymore. he is optimistic about the nation pose the largest apartment store chain -- department store chain, wanting to build macy's into a fashion destination where shoppers can buy online as easily as an ace door -- in a store. that is your latest number business flash. the otc next, that'll of the u.k. will be rushing to the polls after this. can the european stocks handle the heat? this is bloomberg. ♪ ♪ the: time for battle of charts. we will take a look at some of the most telling charts of the day, and what they mean for investors. you can access these on the bloomberg by running the function on the bottom of your screen. alexandra, take it away. alexandra: thank you, mark. today i am looking at u.k. stock volatility. why it may seem that stock investors are relatively con -- calm ahead of tomorrow's election, they are not leaving anything up to chance, even though these are trading near record highs. implied volatility for this is hovering near a two-

if macy's can't make it work, we're in trouble for the department stores.ecause that's the big gun in that industry. they have been a long-time success. and the, you know, to have them faltering is really very worrisome for the entire department store sector. sears is on a downward trajectory, i don't think there's any way to recovery. stuart: the way we live, the way we shop. president trump nominates the new fbi director the day before his fired fbi director takes the stand at capitol hill. the twoet tweet this morning, i'm nominating christopher wray. the left is going after mr. wray on the ground, he was chris christie's lawyer during bridge-gate. >> i think you'll see some conservatives unhappy with that as well because a lot of people in law enforcement believed that the governor of new jersey should have been charged along with two of his underlings-- or two of his aides, they weren't underlings in the bridge-gate matter. this has nothing to do with mr. cray's-- mr. wray's credentials. he was not interviewed by the attorney general or deputy attorney