macy's will report later this hour. later this morning, federal reserve chairman jay powell will testify on capitol hill in the two-day senate congressional testimony amid heightened concerns of inflation. joining me now is wealth advisors president and founder, mark avalon. also joining the conversation all morning long, dagen mcdowell and edward lawrence. mark, let me kick it off with you. what do you attribute the market selloff to? yesterday, a sharp move lower on the nasdaq. that's continuing this morning. >> well, the daily moves are hard to exactly pick the reason for. but i think what you're seeing is a little bit of the frothiness come off. i think there was a lot of money coming out of bitcoin yesterday, a lot of money coming out of tesla, a lot of money coming out of tech. and i think those were the high fliers that needed to pull back. this could be just a pause that refreshes. i think the broader market rally is intact. i don't see a collapse in tech, more or less a repricing and broadening out. maria: at t

there's value in macy's but there's always value at a price.ry of earnings will be the direction there. you certainly have seen some movement today with kohl's, and that moved a lot because it's off-mall we're getting pressure from the on-mall retailers where there's been a lack of traffic >> dana telsey we have macy's tomorrow, lowe's. you'll be very busy so we appreciate you making time for us have a good week thank you very much. >> you too >>> coming up, are there some concerns starting to pop up in this red hot housing market? mortgage rates are ticking up. is that going to slow down the housing market diana olick from what you can expect for the spring selling season dow futures down ♪♪ hey you, yeah you. i opened a sofi money account and it was the first time that i realized i could be earning interest back on my money. i just discovered sofi, and i'm an investor with a diversified portfolio. who am i?! i refinanced my student loans with sofi because of their low interest rates. thanks sofi for helping us get our money right. ♪♪ >>> toda

when we come back, macy's is set to report around 7:00 a.m.ime today we're going to be speaking to the former ceo terry lund gren, not only about macy's but everything else you're seeing in retail right now that's next. >>> as we head to break, take a look at bitcoin this morning, it's falling after hitting a record high over the weekend, falling a lot actually down yesterday, oh, wow, and now down by 15%. it was down 11% the last we checked. $45,578. we'll talk more about what's behind this move and maybe where it's headed next, as if anybody knows. we'll be right back ♪ i know all about the time before with that obsessive little rich boy ♪ use a single hr software? nope. we use 11. eleven. why do an expense report from your phone when you can do it from a machine that jams? i just emailed my wife's social security number to the entire company instead of hr, so... please come back. how hard is your business software working for you? with paycom, employees enter and manage their own hr data in one easy-to-use software. visit paycom.com for a f

big stores gobbling up those like the brooks brothers that are going out of this that's unlike a macy's or like lord and taylor and like j.c. penney. i have been eager to catch up with you based on something else that's in the news lately and while we have you i've got to ask about bitcoin which has been such a roller coaster you'll recall how our dear departed chum a bart chilton was aghast when because 20000 dollars and 2017 and it was $3000.00 and change a year later lately it's top 40 k. hillary in layman's terms how does crypto currency work and as a tool risky for the average investor i got a minute talk some sense to us ok a couple of just big picture points what it is ok what it is a contact last currency in a nutshell so that's why it has such a great appeal there's a downside and an upside the downside is that it has been speculated that it was used for a lot of illicit or illegal transactions whereas that now it's been refuted by over the big investors the big banks that want to get in on the line one of the upside in a nutshell for you the upside are that multimillions in fa

brooklyn designer and led a movement with her 15% pledge where she gets major corporations including macy'so pledge 15% of their shelf space to black owned businesses along with lyndsay peoples wagner and tamika mallory. >> check it out and happy black history month. tues. >>> and second story, technically a superintendent in connecticut who kept true to his annual tradition of recreating a song for the first snow day of the year for his students, he recreated the can't stop the feeling. ♪ all throughout easter and -- ♪ it's snow, snow, snow day ♪ ♪ we will not be zooming because it's a snow, snow, snow day ♪ ♪ come on ♪ ♪ build a fort and snow angel because it's a snow, snow, snow day ♪ ♪ nobody rushing you, it's a snow day ♪ >> well done, not bad at all and also not bad on the good news tues, this tyler can snowboard better than any of us. >> 2-year-old josie. >> wow. >> hitting the snow going down hill. >> impressive, a lot of snow themes and this dog walker going to work. >> walking six of his clients going through heavy snow? california there. that is tommy rosario. >> that area got 37

this year that would be half of macy's sales forecast for the entire year so macy's ceo said it's aovery in a rebuilding phase for the retailer and i would say transition from bricks and mortar to going more online. stuart: got it, thank you. checking futures again, please. the attention to the nasdaq, it will be down over 200 points, dropping below 13000 when the bell rings later this morning. broke invited says there's nothing wrong with spending another $1.9 trillion in stimulus. listen to this. >> critics say the plan is to big. lets me ask a rhetorical question, what would you have me cut, what would you leave out. stuart: well, what could he cut? how about some congressional pork rolling across your screen as we speak. we found a lot of pork in that bill. we will show it to you. zillow predicts austin, texas will be the hottest housing market this year we will tell you why and give you the latest news on the home prices, which are surging. that's next. ♪♪ good morning! the four way is a destination place. right here, between these walls, is a lot of history. we tried to operat

macy's reported a better than expert could holiday quarter. -- better-than-expected holiday quarter.lobal news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm karina mitchell. this is bloomberg. ♪ ♪ jonathan: from new york city for our audience worldwide, this is "bloomberg surveillance." alongside tom keene and lisa abramowicz, i'm jonathan ferro. in washington, the government putting together a one point $9 trillion fiscal plan, and many prominent economists on the left asking, is it too big? we asked those questions to national economic council director brian deese in our exclusive interview. brian: we sized this based on the need we see to get shots into arms, get schools reopened, and to give relief to families and businesses. as we look at this, we look at the estimates out there of not only output gap, but also the amount of pain we see in the labor market. 10 million people out of work still in this economy. we think this is appropriately sized, and frankly, the right kind of economic prescr

rénergie elige un regalo gratis con tu compra en macy's, el destino de belleza. ♪ (mÚsica) ♪ >>> dÍaa incluso japÓn. san valentÍn. >>> nosotros con nuestros tallo queremos llevar alegrÍa a todo el mundo >>> en medio de la incertidumbre por las restricciones que puedan adoptar los paÍses por la nueva ola de la pandemia, los floricultores colombianos exportan mÁs de 700 millones de tallos para el di de los enamorados esto es el 20% de ventas de todo el aÑ pandemia no afecta esto >>> todo el ca debe estar en el estÁndar establecido >>> somos la mayorÍa mujeres porque tenemos mÁs sensibilidad al cuidar de la flor >>> pasamos por un proceso de hidrataciÓn muy estricto para poder garantizar el viaje hasta su destino utilizamos muchos productos de preservaciÓn para poder garantizar el buen estado de la flor, todo el tema del maltrato lo hacemos con el cuidado de las cajas queremos garantizar el buen trato de las nor flores >>> colombia es el primer exportador de flores en el mundo y el principal proveedor de estados unidos y canadÁ, el paÍs sien un Área cultivada en especies ornamentales de

rénergie elige un regalo gratis con tu compra en macy's, el destino de belleza. que se ve más radiante y saludable. en un solo paso. nueva garnier green labs serum cream. de garnier, naturalmente. cuando aprovechamos los abundantes recursos de energía solar y eólica de california, enfrentamos el cambio climático. usa menos energía de 4 a 9 pm para que sigamos brillando. ♪ (mÚsica) ♪ >>> las expectativas por el super bowl estÁn a tope este aÑo la gran final del fÚtbol americano serÁ diferente por la pandemia y los organizadores extreman precauciones >>> el evento deportivo mÁs esperado en estados unidos tambiÉn fue transformado por la pandemia solamente 25 mil personas estarÁn en el estadio, marÍa es una de las a afortunadas >>> serÁ increÍble, vamos a poder dejar las preocupaciones a un lado, y podernos divertir y sentir al e alegrÍa y junto con mis compaÑeros >>> la nfl proveerÁ de mascarillas y gel desinfectantes a los asistentes al juego la entrada es limitada >>> todos estamos aquÍ con la mÁscara, estÁbamos protegiÉndonos lo mÁs que se pueda y viviendo la vid

for those familiar with the area i'm near that macy's men's store, safeway and chase bank. that is where police set up a printer around the mall. is begin earlier this afternoon around 4:00. is a police said they gained knowledge of somebody live streaming on social media, threats to shoot up the mall. they were able to pinpoint the location and that he was at valley fair mall. they came up with a plan and moved officers into position and were able to locate the suspect san jose police say the suspect had a distinct loud hair. something with his hair color. they were not able to -- were able to track down the suspect and taken into custody. they discovered a gun on the suspect work they try to do the capture of the suspect with as much urgency and delph moves as they could. be mindful that they did not know if he was armed and if there were people in harms way. they were able to take him into custody without incident. they later found a gun of some form on him. we will get more information and bring it to you as it becomes available. in san jose, devin fehely, kpix 5. >> a

. >> coming up, what help may boost macy a stores. >> and don't forget to download the app. cbsn barry and kpix newscast. time now is 6:39. we when you've got a business, you don't want to worry about slow internet or confusing cybersecurity. so get comcast business internet on the network that c anth advanced securitf comcast business securityedge. it's the speed you need with threat protection, plus 24/7 support. get fast internet and advanced security—made simple. and bounce forward— with comcast business. get started with a great offer, and ask how you can add comcast business securityedge. plus, for a limited time, ask how to get a $500 prepaid card when you upgrade. call today. . >>> stocks down it wednesday morning. diane king hall with an update as the market opens up. good morning. >> good morning. yeah, the start of the session doesn't always tell the story of the end of the session. you are right. stocks are under pressure in the early action. we are with in the first 15 minutes of trading here. the dow right now down 23 points. just up a fraction -- down rather a

rénergie elige un regalo gratis con tu compra en macy's, this is a test from vitac to espn on fs91 thism vitac to espn on fs91 this is a test from vitac to espn on fs91 this is a test from vitac to espn on fs91 this is a test from vitac to espn on fs91 this is a test from vitac to espn on fs91por que son tan importantes y por que no mes nada facil poner un robot en otro planeta, lo importante que en momento ya esta entrando en cualquier momento que no le va a permitir pulverizarseflote durante un ti una serie de procesos muy cumplecadosque lanzan estos 7 minutos despues de todos estos meses que estos sean unas misiones exitosas que terminan pulverizados por esa situacion de la temperatura pero en estos momentos nos encontramos con la mayor tecnologia que se a usado para llegar al planeta rojo. son microbios lo que va a buscar, van a recorrer buscando sedimentos que podrian tener estos microorganizmos que tenian en esa agua salada que se habian encontrado. por que un crater, en ese crater se lleno de agua, recuerde que marte tiene mas de 50 años de exploracion, ahi ve como va entrando a

otra latina que nos inspira es macy s arias esta dominicana tiene 2 millones de seguidores en instagramociona libros de mujer latinas son algunas de las muchÍsimas cuentas creada por eso mujeres afro latinas para celebrar nuestra diversidad quÉ te parece. >>> me encantan iris muchas gracias vamos a una pausa pero al regresar falla en no lÍnea de mÉxico. acusan al sistema de engorroso y complicado y no todos tienen acceso. el coronavirus como pudo con ellos dos novios se dan el sÍ rodeados por todo el sanitario del hospital donde estÁn ingresados en el hospital por el covid-19. (comerciales) este año, verizon te da más que nunca. solo verizon te da el 5g de la red más confiable y lo mejor en entretenimiento. puedes ver los shows de los que todos hablan. con disney+, hulu e espn+. el entretenimiento que te gusta, con la red 5g que necesitas. planes unlimited con 5g incluido. además, compra un samsung galaxy s21+ 5g y llévate otro por nuestra cuenta. solo en verizon. instant eraser de maybelline new york. nuestro corrector lo hace todo. con un clic... borra. esculpe. corrige. fácil de difu

macy's also better than expected. and we're going to hear from fed chair jay powell this morning as he testifies ahead of the senate banking committee on capitol hill. spotify ceo says the streaming service is going to tread carefully when it comes to raising prices in the u.s. daniel ek telling the "financial times," spotify is rolling out a pricier subscription option with better sound quality, there are no immediate plans for a broader price increase. spotify's main subscription has been 10 bucks a month for years now, even though it has added podcasts and songs to that platform. and netflix is adding a new mobile feature that automatically downloads movie and show recommendations based on viewer history. it's now available for android users. you need to opt in to use the future, and then set how much space you want to use. one, three, or five gigabytes. more space equals more downloads. netflix is also testing that feature right now for ios devices. those are the latest headlines from cnbc. marcus and laura, back

hospitalizations continue to trend downward this week, 1 million vaccine doses are expected to arrive in farmer maciescross the country. nbc's meagan fitzgerald is tracking the process meagen, good morning >> reporter: frances, good morning, while a growing number of getting frustrated, a vaccine is on the way. >> extremely frustrated. >> reporter: people in rhode island trying to get a shot. >> they said we're either all booked or we have no vaccine >> reporter: cvs saying we are aware of the scheduling issue and are in the process of resolving it something they hope to avoid when the federal government shipped 1 million doses this week to 6500 pharmacies nationwide including cvs, rite aid, walgreens, costco and some grocery stores the program aims to speed up distribution and eventually expand to 40,000 pharmacies. >> it will look a little different than, say, getting a flu shot where you can walk in we're going to ask patients to book an appointment. >> reporter: here's how you do it first, make sure you're eligible for a shot in your state go online or have a family member select a local pharmacy

there were the army would fall apart macy's victory victory in the revolutionary war.ng to go to the next slide. so what happened and images of newburgh. in march of 1783, march 10 the war would end up following fall. march 10 of 1783 there's unsigned letter calling for muted the calling for rising up against george washington. this mutiny is coming from inside his own headquarters. and then on march 11 they met. they met in a large building called the temple. if you go to the next slide, for the so-called newburgh conspiracy. now washington decided to respond, but did so brilliantly by letting the mutineers, the insurrectionist show their hand. then on march 15 he called for a meeting in the temple. they all gathered instead of washington being there early, he was always punctual pretty comes a minute-comes in for the backdoor. he walks up in jenner horatio gates and others had shown themselves and were on stage, the mutineers. washington demands they surrendered the stage for he then has a two-part speech. one, he explodes but you can see the wording here. the patien

people get started shopping at macy's they did a good job and i think that macy's is one of those companieshat i talked about that is the opposite from tivo stock has room to go i like it. >> yeah. some of those delivery costs are biding margins an interesting quarter how about tonight? >> i have charles river, a way to design new trucks sean connolly at conagra and doug pertz they use cash for marijuana, for dispensaries, marijuana stocks are getting killed chaos there. marijuana trades with david churchill. did david kill churchill no well, who knows what's going on with cannabis after the new jersey legalization. we will see you at 6:00. "mad money" at 6:00 p.m. eastern time good tuesday morning, everybody. welcome to another hour of "squawk on the street. powell starts in a few moments steve liesman has a look hey, steve >> good morning, carl. fed chair jay powell with testimony on the hill, will say that the economy is a long way from our employment and inflation goals, a sign that he is not ceding any ground to those concerned that fed policy is loose or worried about inflation or hig

he didn't return to his job at macy's until july after being out of work for five months. >> how much is california going to

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officials recovered more than $150,000 and suspected stolen merchandise stuff from other stores like macy's nordstrom louis baton and gucci were also found the thieves were also in possession of $7,000 in cash and one handgun. opens new police chief and mayor libby shaft announced plans to create 2 new positions to build connections with non english speaking communities. the plan includes 2 new police liaison for the largest non speaking communities, english speaking communities in the city. that's chinatown in fruitvale police say blur on armstrong says the positions were created in part in response to the recent attacks against people in chinatown this neighborhood based positions will join other police liaisons for the african-american community the lgbtq plus community and the arabic community. today marks 3 years since the deadly shooting at marjory stoneman douglas high school in parkland florida. a memorial set up outside the school in honor of the 17 people who're killed and florida's governor ordered all flags to fly at half-staff today. president biden marking the day by saying th

macy and us all up with only about a. vision of getting him already. this you know i mean you may notice. when i'm on one out. what i'm focused on in the seat of what i'm with what i'm looking at you know i know but it's a term. is you know i mean in your mind not a single when you are getting in when you cry i don't want to. be number and unanimous. the show could oh. yes it's it. i shouldn't. have only said but i thought going on what they're doing fine to. say i said. this is the w.'s line from berlin the russian court is deciding whether it's a general kremlin critic alexei in the valley for up to 3 and a half years ok so sparked a nationwide protests and drive police have cleared his supporters from outside the court building also on the program man miles military ties and such grip on a day after the coup hundreds of officials of activists are still being held prisoner the un security council meets later to discuss its response. portugal's health system nears collapse as the number of new covered cases accelerates germany is one of a number of e.

as home depot and macy's report earnings. that is just one of the features of today's trade.ll bring you that next. this is bloomberg. ♪ >> we sized this based on the need we see to get shots in arms, schools reopen and relief to families and businesses. as we look at this, we look at the estimates out there not only of the output cap but the amount of pain we see in the labor market. 10 million people out of work still in this economy. we think this is appropriately sized, and frankly the right kind of economic prescription to what is a unique and really precarious moment in our economy. >> talking about larry summers, olivia blanchard, these are not exactly republican cheerleaders, they are raising the biggest questions of your administration. are you disappointed that's where the opposition seems to be coming from? >> we are having the debate across the board and we welcome the opportunity to explain the contours of our plan. one thing that is unique about this economic crisis, this is a unique crisis and pandemic driven recession. we think about what the economy needs fro

boss same way i said on my maci would descend on a you told someone to push on the mrs she. could of on to me. because. i think that there would be a saying but see but to. judge a squash of it. well because. the drawing is also which we don't bother with the other one i want to. put it best squarely on what interest only he stopped reading campbell he said and. what are the common people thought. we should request to do so was he to come back to visit you to do so. interspersed with really you but seldom did you. yes there. were other but the reason why some of the flock is a quantum of this. is that they are going to rest. and that is that. if somebody else has. heard him is that we can let them do must keep their struggle . to get secluded rowsell we should also be men there's almost. 4 months you are with us for this but the quality is almost too many dogs. are for the bush future there's a lot of. my learning. to . inject. so you. will. try to do part of empathy for the good people something we have a little additional growth the structure of. our. portland austin isn't

bost the same way i said on my maci would descend on a you're told that it's ok to push on a limb is it. because . i think that there will be a saying but it affects a part of the. dodgers because of that it will work over the call. but the drone is also which we don't bother with the other one i would. put it best squarely on what interest only start with him he said and. what the weather when people start. the circus to do so was he had to go back to reading. to do so. in disgust didn't really go on but from time to. yes there. were other but there was a meeting with some of the flock this was only this. september the rest. and this is the. wrong thing if somebody else asked. him is that we can let him do must keep the struggle. rowsell we should also be men there's almost. 4 months you want to get us through this but the quality is almost $20.00. for the wish feature because a lot of. my learning. rejects. so you. try to do part of empathy for the good people something need of a little additional growth the structure of the market. portland austin isn't at all. a party last thing

theft in all officials recovered more than $150,000 and suspected stolen merchandise from stores like macy's nordstrom louis and gucci. the thieves were also in possession of $7,000 in cash. and one handgun. and san francisco tonight, a gallery owner is looking for the good samaritan who've tried to save her space from a fire. this surveillance video showing a man standing out starting this fire outside of one in a gallery keep warm before the fire spread to the building and damage some of the art kron four's gayle ong has this story. >>the gallery owner is hoping this surveillance video will help find the person to help put out the fire becaus- they saved more than just a building. inside one in a gallery whimsical pieces 150 artists. they did over 230 p put so much time and effort into these pieces. >>at least 6 of those pieces were destroyed in a fire i didn't know that there was a fire and tell that you know san francisco fire department actually sent out a tweet. >>and then all these people start calling me and texting me and i was like what it was january 27 when the fire damaged a wal

we have several companies with the earnings, home depot, lowe's, macy's.sumer spending. the health of the retail sector depends on how maerns are spending. there was a $600 stimulus check in december. that may have helped some of those companies. copper prices are soaring. that is good news for the rec recovery. copper is used in many construction materials including electrical wire, pipe. investors are optimistic they can be used for infrastructure in the post pandemic economy. >>> wisconsin restaurant owner stepping up to help his competitors during the pandemic. from stevens point, wisconsin, they raffled off more than $2,000 in gift cards to other local restaurants. >> if you help one person, a person will help another business, that will help a lot. most of us, we're single family owners and there's nowhere you can go anywhere to ask for help but ourselves. >> maelendez got the idea from someone who did it for him. >> healthy competition. good for everyone. thanks for joining us, everybody. i'm christine romans. >> i'm laura jarrett. "new day" is next

joining me now is macy of hawaii. we were talking about march 14th as a deadline. now that impeachment is over, where do we stand on it? >> as you said it is full speed ahead. even in the impeachment trial the house members were working on the -- earmarks on my mind, but on the bill that would help our american people. i would like earmarks to come back as long as it is transparent and people know who is getting the earmarks and for what. >> i was just going to ask that question. so you're on board. let's talk about the covid relief package. there is some push backseat on some elements of the covid relief package. what do you foresee getting stripped from the bill if it needs to be. >> probably on the minimum wage increase, but if minimum wage had kept pace with the cost of living it would be over $20. one of the my things they disclosed was a huge economic disparity and the people suffering the most economically is the lowest paid people in our country. many of whom are in the essential work categories. there is any scheduling reduction. it should be increased inc

that is like adding an entire macy's to the revenue in one year. extreme every. -- quite extraordinary. lisa: there is a question of how long this trend can continue. did we get any guidance from home depot today about the home-improvement trends, whether they expect that to slow over the rest of the year? emily: --sarah: they did say they expect comparable sales to be flat to slightly up, so that means they will sustain the gains that they had in 2020 in terms of spending will be higher than it was pre-pandemic, but this runaway train of investing in our homes last year, it looks like the brakes will be pumping a little bit. lisa: home depot is a fantastic example of a larger trend, not only with respect to homes, but supply chains, given that it is the physical goods that have been in demand. do we have any sense of supply chain disruptions, how other corporations have been dealing with it and how it affects pricing? sarah: home depot did not offer any specifics in the press release. i am sure they will in the call later this morning. this is cle

and some positive signs from big companies, including home depot and macy's, both reporting earningsore the bell and both topping wall street expectations. meantime, investors still keeping a close eye on whether stimulus negotiations going on in washington. a vote expected on that bill later this week. we're watching all of it. we'll be back after a quick break. this is how you become the best! [music: “you're the best” by joe esposito] [music: “you're the best” by joe esposito] [triumphantly yells] [ding] don't get mad. get e*trade and take charge of your finances today. some people have joint pain, plus have high blood pressure. they may not be able to take just anything for pain. that's why doctors recommend tylenol®. it won't raise blood pressure the way that advil® aleve® or motrin® sometimes can. for trusted relief, trust tylenol®. it's an important time to save. with priceline, you can get up to 60% off amazing hotels. and when you get a big deal... you feel like a big deal. ♪ priceline. every trip hi,a big deal. i'm dorothy hamill. if you're turning 65 soon, like me, you mig

. >> and american eagle upgraded up to 31 macy's up to $16 although they keep the market perform.ts yesterday, jim, where they said, long-term in general, the mall is going to continue to see low single digit declines on comps, after they recover from this pandemic. >> i think that jeff did a very good job on the call, i thought it was a good quarter, the quarter was down at one point 80 cents, rallied, simon property group, spg, has been the bellwether here, the biggest shopping mall company, they brought tal -- this stock is up 34%. because people want to go back to the stores. something better than having the big stack of boxes when you get home. >> people want to get out. and in some states, they're already out. many of them. >> right >> but there are others where they're not. certainly in the northeast it's just this time of the year as well. well, obviously they're indoors but getting around with all of the snow and everything else, but once things get back to some level of normal and given the j&j news, and i don't know when that will be but it seems like closer than you wo

eastern on the earnings front we'll hear from home depot, macy's, square, toll brothers and on "closingo mike, what will you be watching after tech got slammed today >> actually, just to see if treasury yields back up a little bit. i wouldn't be surprised very oversold the bonds, give a bid in powell will say he's not going to talk about fiscal but they're going to ask him. >> thanks so much for watching "fast money" starts right now. >> i'm melissa lee this is "fast money. tonight on fast, racking up gains, activist investor setting its sights on kohl's and why the move made one of our traders take notice. a trio posting gains from royal caribbean to ge. the day's big winners a triple play and talk about a good about or not, taco bell is getting in on the chicken wars. should you take a bite out of its latest offering? we start off with the tech rout. the nasdaq in the close

this is a move that other activists have, in fact, also suggested for other retailers like macy's inpast. macy's did end up, ultimately, doing some things to unlock the value of their real estate, although not playing exactly to the letter that those activists suggested. kohl's shares are up about 10% this morning for the retailer, maybe some other investors agree some changes could be beneficial david. >> really interesting. i mean, sales lease back, i don't know, i assume their long-term leases that they could sign, maybe some buyers potentially, although it's unclear to me exactly. they are going after nine seats here this is not insignificant. oftentimes activists are not going to win nine seats. if they come close, they will have a central control of that board ever of directors. >> yeah, it's been interesting they have worked with some smaller groups before and they have had some success. bed bath & beyond is one of the bigger retailers that they have tackled, although i would argue in a much different financial position than kohl's is. and also big lots. and i know they won a

>> 97% people said it was much lower than that and also said maybe you alienated a nike, a gap or macy's i don't know how do you alienate? carol, i don't think anybody alienated anybody. these people were with you and amazon is bigger than ever. >> yeah, no, we saw great growth of our enterprise customers and our enterprise customers are large retailers. in fact, if we look at the enterprise customers, the top 20 customers make upmost of the volume in the holiday peak season, they grew on average 14%. i think that's pretty good. >> i think it's darn good but the number that really kind of blew me away, i'm used to seeing frankly during a period when we had frosty results, frosty relations with a lot of countries that i always used to cringe international revenues. what's it going to mean politically. 28.6%. how did you do that? >> there was great depmand for our worldwide express product that allows customers to ship in one day to customers around the world. we secured enough aircraft to support that demand. >> carol, how about getting the vaccine where it has to go great job. some have

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look for arms to jab, wherever the arms may be and we'll see moves in the restaurants and retailers, macy's, footlocker, kohl's as i told you before, disney and boeing are my favorite trades. i'm waiting for boeing and big orders nobody is waiting for a disney report we're buying ahead of the quarter on thursday because disney is a winner when the world goes back to normal. can you imagine what 2022 looks like with parks open and disney plus on top of that? gee. second theme that's working is housing. this is about the deorganization of america spurred by covid-19 we'll go back to the events but the workplace arrived and hasn't gone anywhere. go to the office a couple days a week and zoom the rest of the time at home with your family. it's pretty great. every home builder is bomb b booming. a 13 industrials how can you not own them every one is rally every industrial i'm following is flying. honey well or lindy short term oil prices are roaring. biden is not too fond of it. price goes up. long term i think the industry is in real trouble you don't want to own a fossil fuel for 2030 but for

shopping hub for all things luxury beauty. 20 years later it's massive, more than 150 locations, sold in macy'sds of brands of makeup but her story and what jeff bezos who is been unknown but starting amazon said to her nba class that changed her world. why do you listen it might change yours, my latest episode everyone talks to liz podcast, wherever you get your podcast. the closing bell ringing in 17 minutes the dow is up to 74 we're coming right back. ♪ in these uncertain times, it's important to own physical gold. fortunately, there's an easy way to invest at the source right here on american soil. we're golden independence and our advanced stage nevada gold project is located within the largest gold producing complex in the world with an historical resource of over one million ounces and active drilling to expand even further. time is now for golden independence. liz: two weeks ago gamestop was valued at $17 a share and went to $413 a share would you say that reflects the kind of business gamestop stores have been doing in the past two weeks. >> we sell games? liz: are you good at it? >> n

the infrastructure spending at this country or that country macy could be gigantic.ost of the smart money is talking digital improvements. marc ganzi, the ceo of colony, is betting on that with a $4 billion fund. we will talk to him next. this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. matt: this is "bloomberg markets." i'm matt miller. we are seeing a wild ride in rates today. and that is really the tail that is wagging the dog. the 10 year yield has eclipsed 150. you are looking at the bottom of your screen, 151.13 on the tenure. less than two weeks ago, it was trading for 120. so a huge jump in yields. the absolute number is not too high but it is the speed of

home depot, lowe's, macy's and tjx are among companies reporting results.'s economy runs on consumer spending so the health of the retail sector is crucial. in new york, i'm christine romans. this is how you become the best! [music: “you're the best” by joe esposito] [music: “you're the best” by joe esposito] [triumphantly yells] [ding] don't get mad. get e*trade and take charge of your finances today. woman: i have moderate to severe plaque psoriasis. now, there's skyrizi. 3 out of 4 people achieved 90% clearer skin at 4 months after just 2 doses. skyrizi may increase your risk of infections and lower your ability to fight them. before treatment, your doctor should check you for infections and tuberculosis. tell your doctor if you have an infection or symptoms, such as fevers, sweats, chills, muscle aches or coughs, or if you plan to or recently received a vaccine. ♪ nothing is everything ♪ woman: now is the time to ask your dermatologist about skyrizi. that's a very good question. will there be an ev for me? what about me? an ev for me? what about me? can

these department stores, if you're nordstrom, macy's kohl's get better.hey will sell is stuff people want to buy. they will go to garden parties, sports events and dinner inside and outside. they will need clothes to do that. they haven't bought any in a year. in april she will look for in her closet i hate all this stuff. i have places to go. i can't believe how strong it will be in accessories shoes, cosmetics, things like that. charles: we have dillard's on the board it is an absolute rocket ship. i remember for year it was "countdown" it would go out of business. she may not like what is in the closet but he won't be able to fit anything in the closet. i want to ask you about omni channel. looks like we're getting next development beyond omni channel. disney, ulta, levi's straus, is this wave of the future for retail? >> we've been through omni channel. we've been through multichannel. now we're at digital or physical. either buy it online or don't, how you get it any way you want it. drive up to pick it up, sent to the house, sent to your office, sen

plus why i'm calling what is going on today between home depot and macy's poetic justice.et real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. morning! right ouright , between en wa. we tried terate a decent respble place anybody wo't feellackla.k in.walk in. auful.l.l. it wasit fitveryitbody... never know who you'ayoref gyoreoingyo to black lawyers, doctors, educators, martin luther king, b.b. king, queen of soul aretha franklin. you're sitting in the place where giants ate. the four way, as a restaurant, and the cleaves family meant so much to this neighborhood. to have a place where you have dignity and belong, that's the legacy of the four way. loving people. sharing and caring and loving people. that's a great way to think. ♪ charles: wanted to give you an update on the breaking news we brought you just moments ago that tiger woods has been hospitalized following a major rollover crash in california. we're getting fresh pictures of the major damage to his car, and his agent now says tiger

he didn't return to his job at macy's until july after being out of work for five months. >> how much more pain is california going to inflict, you know? enough is enough. >> reporter: jim mchale is a cpa in san francisco. he says those struggling to pay their taxes might be comforted with several thousand dollars in tax credits. the average earned income tax credit is $2,500, and the child care tax credit is $2,000 per child, up to three children for any one family making $400,000 or less. >> so if you owed unemployment, but then you're getting the benefit of itc because your situation changed, somehow those may offset. >> reporter: you can get a 15% deduction under the earned income tax credit. someone with no children could earn up to $21,000370 and a married couple with request three children could earn up to $55,950 and still qualify. unemployment benefits don't count as earned income. >> but a special law allows them to go back and use their 2019 income to apply to the earned income tax credits. >> reporter: you can use whatever year get you the highest credit. unfortunately, al

look at macy's, i'm still long, and you have some of the same dynamics including sale lease back which is interesting. i would stay long. >> coming up, a trader triple play, what's got each of these names ripping higher and how you can get in on the action and high energy trade why the sector put in its best day since december chor"ft ne rhtmu me asmoy"ig after this my retirement plan with voya keeps me moving forward. they guide me with achievable steps that give me confidence. this is my granddaughter... she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it. voya. be confident to and through retirement. to defend against dark forces attacking your organization, you need to see in the dark. to have the wisdom to understand multiple cyber threats. the precision focus to end attacks instantly. on computers, mobile devices, servers and the cloud. join the world's leading companies in our mission to defend. cybereason. end cyber attacks. from endpoints to everywhere. >>> welcome back to "fast money. we have a market flash, sh

we're live at macy's, etsy, sephora, live at lululemon, sax fifth, et cetera, we're all there, but thend is just on the verge of creating customer awareness, and we see super bowl as an amazing opportunity to kind of bring it to people's attention, and the second you see it on the super bowl ad, you're going to see it in every merchant because we have been able and have been so fortunate to get so many great partners to work with in the last six to 12 months that's why we think this is the critical and right time point to do this, and obviously it's very fun. we're proud as a swedish company to be on the super bowl as well. >> before we let you go, really briefly here, if you're a football fan, are you going to be watching the game, and who do you think wins >> i am a football fan i'm not going to make any predictions because i'm going to make a fool out of myself. >> i think we all make fools out of ourselves with these predictions. thank you very much, good luck with the super bowl ad this weekend. >>> johnson & johnson asking the fda to green light the one dose vaccine. details of t

we will get numbers from home depot, lowes and macy's. we are watching all of it.ow you become the best! [music: “you're the best” by joe esposito] [music: “you're the best” by joe esposito] [triumphantly yells] [ding] don't get mad. get e*trade and take charge of your finances today. among my patients i often see them have teeth sensitivity as well as gum issues. does it worry me? absolutely. sensodyne sensitivity and gum gives us a dual action effect that really takes care of both our teeth sensitivity as well as our gum issues. there's no question it's something that i would recommend. >>> this is cnn breaking news. >>> the breaking news just into cnn, a major decision from the u.s. supreme court. we've learned the supreme court has now allowed the release of the former president trump's tax returns to a new york prosecutor. jessica schneider has been covering this and the last several weeks and month. this is a very big development here. >> it is and a big loss for former president trump. as you said, we have been waiting since the middle of october. now the mi

oakland, san francisco novato macy trace amounts of rainfall tomorrow morning snowfall totals in the sierra nevada will amount to a few inches by the time we reach 09:00am tomorrow donner pass nearing 10 inches of new snow fall on top of what's already been seen now high temperatures today will be in the upper 50's to low 60's pretty pleasant one especially with all the sunshine returning today just going to feel a bit nicer than yesterday even though temperatures are really only one to 2 degrees different san jose santa clara campbell in cupertino each at 61 union city fremont into the tri valley in the upper 50's while hayward through oakland up to richmond in the low 60's today, north bay temperature some of our warmest nap and fairfield 63. well santa rosa petaluma nevado and center fell. well, it's 61 today. here's a look ahead at our next 7 days temperatures out there will be pretty pleasant but seasonably cool through the weekend on into early next week now our best chances of rainfall will be tomorrow morning as i mentioned again on monday and then returning again by thursday

. >> senator macy hero know. >> do you think they should call a u.s. senator if you're a witness.>> i don't think that's even necessary. we're talking about relevant witnesses. and i would say the witnesses that we haven't heard from might be capitol police. so, truly, john. we don't -- when i say we were witnesses, we all experienced it. there may be other witnesses that we have not heard from and if the house managers deem that to be important evidence for us to see or hear, then i would support it. >> senator mazie hirono, we appreciate your time this morning. as i said, you're one of >> thank you. >> one of the nearly 200 people charged with storming the u.s. capitol said he held a top-secret security clearance for decades and previously worked for the fbi. thomas caldwell's attorney said he worked as an fbi section chief from 200ed to 2010 and he has had top secret clearance since 1979. caldwell, who authorities believe holds a leadership role in the oath keepers denies being part of the extremist group and claims there's no proof he was in the capitol on january 6th. >> as e

as for bar survey i'm a manly n l macy is in great form with 9 goals in his last 9 matches but he did try to leave the club last year and they speculation that he's going to sign for p.s.g. at the end of the season. as she and she does who in turn fees room is not my concern my focus is to prepare my players for an important match messi is a barcelona player and i have high hopes that he will continue being a bass alone player p.s.g. former coach thomas tickell has made a great start at chelsea who are now up to 4th in the premier league and want to get on monday against newcastle this time to make it 13 points from 13 since he replaced frank lampard olivier giroud scored and tino verna ended his 14 game drought with his 1st goal since november. the brooklyn nets continued their impressive form on monday with 813-6125 win over the sacramento kings james harden contrary to these 1st triple double since joining brooklyn from the houston rockets last month and kyrie irving help them sell to 40 points on the night brooklyn would sing 273 pointers that's a franchise record they are 3rd in

macy's is up 37% you get a housing play in kaybee home up 25%. papa john's, 26. wingstop, 25 names we don't talk about every day and we should give these companies more credit and twosix is a company that you own. twosix reported yesterday and it's got a right side in optical and laser and 5g i agree with everything kari said and what joe said i'm not really looking at the indices. it's great i look at it in terms of it's fun to look at, but i'm really bottom's up and every stock that you mentioned mainly outperformed the indices so it truly is a stock picker's market you can add to those names, small ones and it has gone from 3.5 up to 15, or you can go with a stock like moderna which was small cap and now it's 70 billion. so it's really about the momentum in the fundamentals as you said with twosix and they all had solid fundamentals so if you don't have the ability to do your own work or have access to people that do, then buy the indices, but if you can do your own work there are lots of companies whether it's 5g or others and it's trading and it's singer sin

with jp morgan seeing demand bottoming out soon and profits normalizing, that macy macau gaming stocksls. until that improvement, macau will continue to see scant arrivals, especially with the big dent we've seen in travel within and outside of china. shery: coming up on bloomberg markets china open, more on that drop off in travel this holiday season. steve gives us his aviation outlook. plus, why e.m. equities will lead the way this year. that's it from daybreak: asia. our markets coverage continues as we look ahead to the start of trading shanghai and shenzhen. we are seeing asian markets slightly higher with japanese stocks at the highest since 1990. standby for bloomberg markets china open. this is bloomberg. ♪ >> good morning. it is 9:00 a.m. in beijing and shanghai. welcome to "bloomberg markets: china open." i am david ingles. counting down the session to the chinese mainland. we are tesla, bitcoin. recharging bitcoin. a big investment and signs that will accept token as

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