it is not macy's, but it is target.e surging, up more than 10%, heading to the best day of the year after they beat adjusted earnings by 27%, putting up nearly three dollars in adjusted earnings on better gross margins as inventories have gotten a little bit under control. investors really liking that. as for the bearish outlook, let's take a look at the s&p 500, down .9%. overall we are looking at session lows. you can see the nasdaq underperforming for a second day in a row. really being dragged down by apple and tesla, and of course weakness from both of these companies coming out of news from china, apple the first six weeks for the iphone of this year, down 24% on a year-over-year basis as apple's popularity slides into fourth place for smartphones in china. tesla down 5% on the news yesterday that their activity for february, the lowest in more than a year. turning this to bitcoin, though, this is a bright spot. of course, bitcoin today hitting an all-time high. you can see this five-year chart. not a picture of s

. >> we will start with macy's. that stock rallying 15% today as art-house and brigade capital raised their offer for the company to $24 a share from 21 bucks. macy's confirms it has received the offer and its board will review it as they did previously. joining us, gabrielle, managing partner and our own leslie picker is here with us as well. leslie, kick it off. >> thank you, gabrielle, for being here. the big news is that you bumped up to a 51% premium to the unaffected stock price from a few months ago, but shares still trading about 3 1/2 dollars below that price tag. you said in an earlier release that the board was unwilling to engage due to a lack of confidence surrounding financing as well as the purchase price. i'm wondering if you believe that this newest offer, as well as any development on financing have closed the gap? >> yeah, firstly, thank you for having me. good to see you. the companies said they were unwilling to engage with us on financing. i don't know if that is the real reason or not. we can

let's talk about macy's. that's not yet m&a, but some of the activist investors would certainly like it to be. >> an offer is a 14% bump on what they're planning to propose to the retailer. this coming after earlier in january macy's pushed back on that advance, basically saying it did you not lack compelling value and they instead rolled out their own. guy: plan, which was closing a number of stores and trying to focus on growing bloomingdale's and the blue mercury brand. the stock is up 14%, trading just south of $21. that bid raised from $21 is to $24, about a 15% gap between the $24 mark and where shares are right now. investors still very much cautious on whether this is going to be a deal and enough of a sweetener to get macy's to the table. katie: i feel like it's been a great year so far for merger arbitrators. >> i don't know. has it? katie: well, it's fun. >> well, bill gross likes it. trade out the bonds and go long activision and short microsoft. katie: no one knows what the f.t.c. is going to do.

macy's right now getting a big offer. the brocade going up to $24 up from 21. 33% premium to the closing price. this stock is up in the premarket. lisa: macy's did not like the first offer. will you reconsider. they want the real estate, the retail business. how will they extract value from a company that just came out and talked about some of the macy's chains but also scaling up some higher costs. >> the stock is up. let's start the bond market with some price action for you. negative by 0.1 percent pulling back just a touch. yields are higher by a couple basis points. >> let's go over how big of a week this is. on tuesday we get super tuesday. 15 states and one territory do vote. we get may be the sendoff or a trump versus biden rematch. on wednesday we get the job openings. we know you guys again to be really interested in the questions some of the punditry we get. on thursday we get another testifying from jay powell in front of the senate banking committee. again nonfarm payrolls to me arguably the most important af

shares of macy's topping the tape today.stors archouse management and brigade upping their offer. 33% premium to last friday's close, valuing the legacy retailer at about $6.6 billion. macy's releasing a statement that it received and will evaluate the offer. you predicted this, they did offer some more details on the financing, where the money is coming from. >> uh-huh. >> maybe that's more convincing. >> a little bit. though where the stock is trading doesn't tell you the street is convinced these guys are real. $2 $20.50ish where it closed, i mean, that's a pretty significant discount, so -- they've got to really, you know, get people onboard to really increase the pressure on macy's. what do you do if you're macy's now? this isn't a tender off. you don't have a time where you have to respond, but you do have to respond, but they'll probably say, let's see more details about your financing, and then maybe we'll let do a little bit of due diligence. but i think macy's is really hoping for a terrible credit market, a diffic

jan, start with macy's, you previously worked for part of the company then eventually became macy's.ou make of this possible forward development between macy's and activist archouse? >> when all this started i said there was a 30% chance and then i went to 40% as they got higher on the price and now talking about due diligence. maybe a 50-50 deal now. seems like we're getting to the point that macy's board could get to the point of saying yes depending on how much leverage they're putting on the company and how high the price can get. when trying to keep the leverage low and price higher it makes it harder to get the deal done but also makes it more likely to get the deal done as the price goes up. so, yeah, i think that this could happen now and we could see a restructuring from a point of view from trying to make the real estate values evident out in the world. that's been the problem the whole time. the real estate is worth a lot. they've never been paid for it. archouse thinks they can get paid for it. >> sort of that is the question. the deal price is one thing and you want to d

macy's, $6 billion. dillards, the best one, $7 billion. total department store sector hasekequity cap of $19 billion. $175 billion market value for the off-pricers compared to 19 for the department stores. remember the old saying, why pay department store prices, that was the tjmaxx slogan for years and years in their advertising -- the question now is, you know, why pay prices for the stocks of department stores in today's world? clearly, they have, you know, lost tremendous value to these other sectors. without even getting to discount stores, walmart and target, or to costco, the e-commerce. the world has shifted, and we need to see some kind of a change. >> the storch portfolio has no department stores in it? is that right? >> as i mentioned, it doesn't mean i'm not involved in these situations. but the -- the growth in retail has been in the obvious places. and the -- meanwhile, the older situations, you know, without a dramatic change, it would be -- we're talking about 20 y years-plus of similar stagnation. kohl's is the same thing,

i remember when i used to be there where macy's was christian. is there any word what's macy's?t is such a giant retail space that is the proverbial $64,000 question, right? at this point, we still don't know to hold for the macy's location here. as you heard earlier still hopeful that macy's will be here down form or maybe they can work something out. so they're still hoping that they can keep this space as retail. and we've the e of weeks, and people have had some great ideas of trying to turn this into a dining destination or into a kind of an experiential place that you can come and really enjoy the area and enjoy all that the union square has to offer. >> yeah. all right. well, we will look forward to whatever they work out. christian captain reporting live in the city tonight. christian. thank you. >> tunnel road sits right above all four of the caldecott tunnef unaddressed erosion threatens to bring part of the roadway down. ktvu tom vacar live tonight from the oakland hills with more on this story. tom >> well, consider this any steep road side slide that's also undermin

. >> this comes on the heels of macy's announcement to close the flagship store. this will impact about 500 jobs. >> for about 70 years, macy's held a flower show on the first floor of that store. this is footage from the 2018 show. it all ended during the pandemic. >>> but to carry the tradition, they put on union square in bloom. >> reporter: for years now, the pandemic has cast a dark shadow over union square, but on this day the crowds were back and enjoying a splash of color five minutes at a time. >> so it looks like we invited some folks to a party and they really came. >> reporter: it has been a while since this many people filled union square, both most of them are here waiting for hours for an opportunity that at best was pretty short-lived. >> i woke up at 5:00 a.m. just to come here. it is insane. i feel like we have pretty much nailed it. we nailed it to come early. >> reporter: welcome to san francisco's tulip day. on either end, tens of thousands of people waited for their chance to take home a small part of it. >> five minutes inside the garden. ev

your morning mover is macy's, it's up in the premarket.lf percent after real estate faux of cussed investment firms arc house management and brigade capital raised the offer for macies by nearly $1 billion, they offered to acquire macy's stock they don't own for $24 a share, a 14% premium to the previous offer which was $21 a share or $6.6 billion. mamacy's confirmed it received e new proposal. the board is taking it under review. this comes as macy's is struggling to compete with e-commerce competitors and will close 150 stores nationwide. the stock is down 20% in the last year, this morning, up 16 and-a-half percent on macy's. quick break and then president biden gives his state of the union address this thursday. some on capitol hill do not want it at a all because of the southern border and the fact that it's wide open. georgia congressman buddy carter is here with his proposal about the budget. stay with us. ♪ ♪ (upbeat music) ♪ ( ♪ ) with the push of a button, constant contact's ai tools help you know what to say, even when you don't

. >>> ark house is raising the stake for macy's.hey are offering to buy stock they don't already own for $24 a share or 14% more than the previous bid of $21 a share. arkhouse made the offer in december, but it was rejected due to concerns over the deal's financing evaluation. macy's said the board which review the latest proposal. >>> and shares of super microcomputer and deckers outdoor are jumping. the companies will join the s&p 500 on march 18th. it will replace whirlpool and xion will which take over in the index. super micro has seen the stock more than triple this year pushing the market cap above $50 billion. >> you can see shares up double digits right now . silvana, thank you. >>> turning attention now to oil. opec plus countries offering to extend the production until mid-year. that includes the 1 million barrel per day cut by saudi arabia. we have dan murphy joining us from dubai. dan, good morning. >> reporter: frank, good morning. we have been speaking with opec leadership and market analysts about the decision. this

shares up just about 5%. >>> macy's opens its books to suitors.ms have offered macys $25 a share. that's up from the initial offer of $21 a share. shares of macy's essentially flat right now. >>> jpmorgan boosts its quarterly dividend. they may want to reconsider proposals for tightening capital rules. >>> and nasdaq says boerse dube will sell shares of stock reducing its stock from 10% to 15% making it nasdaq's second largest shareholders. >>> here's what to watch. the fed will release its latest monetary policy decision at 2:00 p.m. that's followed by jay powell's chair conference at 2:30. >>> ahead of that decision and the powell press conference, let's get a quick check on futures. futures have been under a bit of pressure. dow would open 50 points lower and also the s&p and nasdaq. joining me now is mimi dodd. >> thanks for having me. >> give me a sense. how do you see today shaping up, of course, with the big news later today, the rate decision out today. >> yeah, i would expect the statement to be very much in line with some of the recent c

that is what macy's right now is focused on.perspective, in the last piece of this, it is the direct consumer brands. they have done a lot of work, now you can go directly for nike. you can go from ralph lauren, buy from coach brand. i think that is the piece where the global brands have now put the investments in to stand on their own as well. >> we have a big week of earnings, nordstrom, abercrombie, foot locker, victoria's secret, american eagle among them. is ross your favorite of all of those companies this week? >> you are going to see strong numbers out of ras and burlington. the two of prices. i think in the specialty space, we are focused on abercrombie later this week. that is a company that has done really nice job expanding that total addressable market as well. i think that again, what we are focused on are these best in class brands. you've seen it with birkenstock, you are going to see it with continued results out of those brands that the consumer is coming out to with organic traffic. >> what is the story with t

macy's at $20.98.quisitions 2024 is off to a roaring start when it comes to global mergers and acquisitions. deals for the first week of march are up 55% compared to the same period in 2023. that's more than $600 of deals according to them. one company acquiring at a torrid pace, thomson reuters notching 6 deal since january 1st of last year. the information conglomerate closed its latest acquisition buying ee, invoicing, indirect tax solutions for $800 million. what is next? joining me, president ceo of thomson reuters, steve has kirk, what is making you so hungry for deals, will you continue at the same place you did last year? >> what we do at thomson reuters is basically serve legal professionals, risky compliance and news professionals. what we are seeing is the complexity associated with complying with regulation, rules, internal edicts going up and up and up. it is becoming more complex to comply with rules and regulations and what we do is help other companies and advisers navigate that environ

ark house offered to buy any macy's stock it did not already own for $21 a share.acy's board is reviewing a new offer the $24 a piece representing a 33% premium to friday's close. that stock up 13%. on the other side, you still have the chipmakers managing to move higher. the likes of nvidia up 1%. it does continue on from last week's record numbers we had seen out of the nasdaq composite which set a record high on friday. significant moves from the tech sector. will that still be the case as we he focus on inflation number this week? thank you for joining us on "street signs." i'm arabile gumede. "worldwide exchange" is up next. ter at every stage of ter your business. take full control of your brand with your own custom store. scale faster with tools that let you manage every sale from every channel. and sell more with the best converting checkout on the planet. a lot more. take your business to the next stage when you switch to shopify. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is wha

at macy's look what just launched just launched donna karan label redirected and good fanfare.ill they be new and different to drive traffic i think it's traffic and then conversion in aur. average unit retail selling price. beginning of it. meantime, these off pricer have the goods the brand and compelling. >> will nordstrom go private >> can they afford it, pay off the debt with that something remaining to be seen rack business stronger than fullline business. >> nordstrom rack. >> explored. >> the other end of the equation, more insight into the luxury business. you say despite the top comparisons, luxury good sales are above 2019 levels. >> yes. >> are some better positioned than others? named undervalued in this market >> look at luxury goods, king of luxury goods is lvmh with over 75 brands. frankly all different categories, hospitality, sephora and key brands like christian dior and louis vuitton one. ones getting benefit of the first pick-up. chinese again to travel, spend r spend more on accessories they'll be a beneficiary and unique creativity drives that. other name

macy's is raleighing.r offer to buy the chain by almost a billion dollars in hoping of taking it private. the offer works out to be $24 a share from $21. see if the macy's board takes it more seriously. apple continues to be under pressure. the tech giant hit with an almost $2 billion antitrust fine in europe over apple music. the company says it will appeal. separately apple unveiled new versions of its macbook air laptops with its latest m 3 chip. shares of jetblue and spirit airlines on the move terminating their $3.8 billion merger plan coming weeks after they lost a federal antitrust lawsuit that challenged the deal. that was a win for the antitrust regulators. guys, as far as the macro data and setup, we do have a big week ahead. some highlights this week to look forward to. on wednesday, fed chair, jay powell, is going to be testifying before congress. this is the first time we've heard from him publicly since the "60 minutes" in early february before we got a little bit of a streak of hot data on i

last year, macy's laid off more than 2,500 employees. the growth of virtual purchases has been declared as the cause of this company's loss. according to german media, the conversation file was leaked. german leaders are confident about the invasion of crimea. two welt and speiger newspaper announced this news, quoting some knowledgeable sources in the german army. a 38-minute audio file was published by rasha tudei. in this file, some high-ranking officers of the german army discuss the design of the attack on the crimean island bridge with german taurus missiles. the german ministry of defense has implicitly confirmed the authenticity of the audio file and announced that this is the third revelation about the military intervention of nato member countries and after the controversial statements of the french president. robert kennedy, jr., the candidate for the us presidential election , identified the cause of nord stream's explosion last fall did he said that biden had threatened russia in front of the media camera that he will attack

this segment sponsored by macy's.s bring some of those glamorous looks to life. to help me on the quest is my shopping partner macy's spokes person and style ambassador rachel wagner. this is going to be so much fun. are you ready? >> let's do it. >> we scoured macy's extensive collection of brands including the newest and trendiest style. >> there's no event too small to make a big impression. get ready at macy's with looks that make you feel amazing, any day or night of the week. >> we saw a ton of sequins on the carpet tonight. one that stood out was america ferrera in her very barbie pink sequins. how can somebody recreate this look? >> it's a beautiful subtle shine, speaking toward spring shine. that's what we are really standing for this season. i think this would be a really beautiful option. >> we saw da'vine joy rudolph, in pale blue. rapita had feathers. da'vine had beautiful sleeve embellishments. are feathers having their own renaissance? >> i'm seeing feathers everywhere. we've seen them all over the carp

macy's announced it is closing its flagship store next year. is calling it a purely economic decision with it being one of 150 macy's stores on the chopping block nationwide. >>> no problems with vta vehicle sitting idle but we are not talking about those 95 neglected creases and vans we reported on earlier. after that store, investigator candace learned about a fleet of buses also just parked four years. >> similar to the premises and vans, the staffing shortages caused delays in auctioning off these old buses but unlike the cars, the agency says the buses were neglected and it took quick action. this is new drone video of the santa clara valley transportation authority, or vta's division lot in san jose. they are overtired. just a handful of the dozens of buses the agency to auction off earlier. was in the process of seeking out. and when the pend, kick, had to retrofit other buses with barriers, hand sanitizer's, and mask dispensers. recent satellite photos show some of the old buses have been sitting idle since 2019. for more than two month

we macy patchy, low clouds toward tomorrow. 62, walnut creek. a big change to the sky conditions. we have hours of thunderstorms in the tri-valley yesterday. not the case today. 59 degrees and clear skies. partly cloudy, san jose currently at 60. you can see the most clear skies around the bay area . the more intense weather with the area of the low pressure is not causing problems for southern california. severe thunderstorms and heavy rain at times and hail in the mountains around southern california. nothing like that here as we head toward tomorrow morning and the afternoon. mostly sunny skies this will allow for clear skies and a chilly start to the morning as we wake up to 30s in the north bay valleys. low to mid results were. as we head toward lunchtime, a good day to get outside mid 60s as early as noon tomorrow around san jose and the north bay valleys. low to mid 60s from san francisco to oakland. upper 60s south of san jose. where the wicked is concerned, more clouds mid-day saturday. a chance of seeing rain. higher rain totals likely north of san francisco with saturda

these announcements comes after macy's big announcement to close their flagship store. for more than 70 years, macy's held a flower show on the first floor of their union square store. this is video from 2018, and the show ended in 2020 during the pandemic. to carry on the tradition, the city and businesses put on "union square in bloom." >> reporter: for years now, the pandemic has cast a dark shadow over union square, but on this day the crowns were back. and they were enjoying the splash of color five minutes at a time. >> so it looks like we invited some folks to a party and they really came. >> reporter: it has been a wild since this many people really felt union square, but most of them were here waiting for hours for an opportunity that at best was really short-lived. >> i woke up at 5:00 in the morning just to come here. it is insane. i feel like we pretty much nailed it. >> yeah. we nailed it to come early. >> reporter: welcome to san francisco's total of day. it created a rainbow of color on either end of the plaza and tens of thousands of people waited for th

that values macy's at roughly $6.6 billion.ll carefully review and evaluate the latest proposal. that's why shares are up 16%. check out shares of lyft and doordash upgraded at rbc capital market doordash goes to 175. they cite better competitive positioning and new business initiatives and international verticals at doordash. lyft up about 6% in the premarket trade. a check on shares of at&t moving between modest gains and losses right now, just aboutflat on the session around 40,000 shares of volume. the telecon giant is slated to present at a tnt conference later on today. jeff mcel fresh will be laying out at&t's progress. at&t shares ones to watch later on today. >>> thank you very much. folks we do have some breaking news out of europe concerning apple. steve kovach is here, he's got the details on that. >> this is a $1.8 billion euro fine, that's 1.9 in change in u.s. dollars against apple. this is over apple music in europe, spotify filed a complaint with the european commission several years ago. this is all the same s

if macy's was doing well at union square, they'd keep it open.t really matters is that closures beget closures, and one of this size is likely likely to cause even more businesses to up sticks. it's a problem that's beyond perception or finger pointing. it cuts into the bone of a great city. but great cities figure it out and we will too. i always love to hear from you. let me know what you think. follow me on social media at dan ashley, abc seven. >> all right. thank you for joining us. i'm ama daetz and i'm dan ashley for sandhya patel reveal. >> all of us. we appreciate your time. have a gre ♪♪ from the alex trebek stage at sony pictures studios, this is the... ♪♪ introducing our sixth group of "jeopardy!" champions-- a traffic engineer from boise, idaho... a guest services agent from lafollette, tennessee... and a data scientist from longmont, colorado... and now here is the host of "jeopardy!"--ken jennings! [cheers and applause] thank you, johnny gilbert, and welcome back, everyone, to the tournament of champions. as we prepare to wrap up t

obviously, macy's has announced a historic closing program.g it's books for due diligence to earn house capital as potentially moving forward with some consideration of maybe a deal. they have offered $24 per share for that as well. a lot of the -- potential deals might be happening, or at least exploration. >> if you look at where the companies are valued, the traditional department stores, it's like 20% of sales. that has been in decline for years. there are buyers out there who seem to think that maybe that is some floor level or one that can work with. -- it is trading in that zone. >> exactly. they are all department stores, but very different. macy's has been a real estate play, at least in recent years. which seems to be the case. with arkhouse and brigade. they say they want to continue to write it. but they point out the value of the real estate they're trying to unlock. >> courtney, thank you so much. >>> julia, the latest on the back and forth with disney. >> that is right, disney shares are up 1% going into the close after this mor

for more than 70 years, macy's held a flower show on the first floor of their union square store. video you are looking at is from the 2018 show. that show ended in 2020 when the pandemic rolled around. to carry on the tradition, the city and businesses put on union square in bloom . and as john ramos reports, tulip day is about more than just flowers. >> reporter: for years the pandemic has cast a dark shadow over union square. on this day, the crowds were back, enjoying a splash of color , five minutes at a time. >> it looks like we invited some folks to a party and they really came. >> reporter: it is been a while since this many people filled union square, but most of them are here waiting for hours for an opportunity that at best, was pretty short-lived. >> i woke up at 5:00 in the morning just to come here. it is insane. i feel like we pretty much nailed it. we nailed it to come early. >> reporter: welcome to san francisco's tulip day. 80,000 blossoms created a rainbow of color in the middle of the plaza and on either end, tens of thousands of people waited for the chance to

liz: well it looks like that initial offer to buy macy's was just to trial balloon and now an investorroup is looking to take the department store chain private, it has inflated its offer yes just like the macy's day balloons we're going tell how you the price is reacting right now and what they're offering. and wall street throws the terms millionings and billions around all of the time but when nba champ kendrick perkins got a chance to play before national coaches in vegas at age 1 all he had was a $20 bill and a roll of pennies raised by his grandparents in tiny beaumont, texas, after his mother was murdered he was so incredibly poor to rolling in the dough because at 18 years old kendrick was the 2th pick in the nba draft he spent eight seasons playing for the boston celtics winning an nba championship but what was the first thing he did with that big paychecksome in my newest everyone talks to liz podcast episode it will absolutely blow you away and amaze you todayed espn analyst is helping high school kids with backgrounds just like his, cash in on their hoops talent but also to

macy's rechazó en enero la oferta de 5.800.000.000 por ser demasiado baja y por preocupaciones sobre de automóviles general motors obtuvo los máximos honores entre los fabricantes de automóviles y el link que se ganó el premio de tener la mayor cantidad de compradores recurrentes. yo soy silvana henao y ese es su informe cnbc para telemundo. gracias silvana. tenemos otros temas. hoy es el día nacional del bocadillo y en nuestro estado son los 5 que van a ver ahora los favoritos de los californianos. lo dice un estudio de oxford, que es una compañía de marketing. en el primer lugar se encuentran los chitos o los cheetos, según esta lista también figuran los fritos, los cheerios, el starbucks y también en quinto lugar, el goldfish o los goldfish. ahora bien, según el portal en 18 estados de costa costa en el país prácticamente los que los que van ganando los favoritos fueron los rice krispies, puro carbohidrato día nacional del bocadillo. pero hay que recordar también que hoy es el día nacional contra la obesidad, que es un problema que está afectando a millones de personas en el mundo

cheesecake factory is on the eighth floor of the macy's building, overlooks union square. extensive menu and family friendly atmosphere. >> i like the view my grandchildren love to play around here and we love the spaghetti, the salad. i hope it doesn't go cheesecake factory has been in business in union square for almost 25 years. >> the owners have yet to say what will happen. macy's said iy open until it finds a buyer for the property. >> it's a groundbreaking resource, reshaping spconversations about race in america. the anti-racist vocab guide is a tool that works to break down barriers and foster understanding, and uses reflection questions as a starting point for hard conversations with those close to you. with us now is maya ely, the author of the anti-racist vocab guide maya, welcome. thank you. i saw this book. it's a book that i didn't know i needed. yeah, honestly, because first of all, i open it up to the first thing. microaggression. yeah, i thinkca lot of people might be even shy to ask what these things mean. so now you've put it in a book form soc people d

nordstrom or macy's, two places i love to shop but they don't have as much data.as well. let alone pay for the technology to truly come up with new conditions. if you're nordstrom and your in- store traffic is down while your recon business stagnates, you may not get enough data for reliable inference and you'll continue to fall behind the other guys. it's a vicious cycle down. at one time all that mattered in retail was signatory management, good eye for what took on the right amount of product and then they'd have a good year. neither was easy. had to have one ion session, the other i am just retaining inventory, which meant in my father's case, the now defunct gambles, counting up men's gabardine trousers on a day the store had to close to make sure it had all the merchandise. not only the inventory we presume the stock will be up? to 3 percent without having to discount the old stuff to get rid of. target has had a miraculous run from yesterday because of inventory, decision to spend more. that will give them even more data. some retailers have a terrific sens

the macy's store in corte madera 3 people were involved.ecurity guard in the face. and then that person got into a car and took off the car was seen in large bird got away from there. and police then did a welfare in san anselmo and a person who matched the robbery suspect was asking residents for a change of clothing and uber ride. police tried to detain him but he took off san anselmo. police were then notified that a house was broken into and a car was stolen and that car was seen in fairfax. police pursued that car into sandra fell where it was ditched. the car was tracked to san pablo where richard contreras was arrested and 2 others as well. so all 3 were booked into the marion county jail for that macy's robbery. >> for the east bay, thanks to license plate readers and store security cameras. alameda city police were able to recover 3 stolen vehicles. the first incident happened at a target. a license plate reader alerted police who then looked at security footage and identify the suspect and ultimately arrested them. police say they

it's friday march 8th. >> she wants to go to macy's. she's going to be unhappy. hi, drew.ll not over it. i can see clearly, but she'll be happy with the weather. >> i mean, come on, this sunshine today, get out and enjoy it. because the weekend we do have showers in the forecast. live. look from the exploratorium camera. you can see we have clear skies up above, but we are starting out with some cold numbers. 30s in our cities that are down in the valleys like sonoma 3737 ukiah. the same in danville, san francisco, one of the more mild locations this morning. close to 50 degrees right now. live doppler seven. not a thing to see on here. we have high pressure in control that squashes any chance of storms developing. and that means sunshine is on the way. good morning, walnut creek. look at your day planner. the winter coat. take it with you this morning. but also the sunglasses because we have nothing but sunshine in the forecast. later on this afternoon. by 4:00 it is actually warmer than we were yesterday, going into the 60s, if not near 70 degrees in our warmest cities t

i want to address the closure announced today of macy's. january shopping because they have a excellent selection of xxl clothes for big guys like myself, so chubby guys. i have been shopping as macy's and my husband and sorry to hear they are closing. i want to point out that we had a golden opportunity to increase customers and profits at macy's and for businesses in the union square area if we had only permanently pedestrianized the stockton street pedestrian mall. it was a wonderful idea that brought vibrancy to union square, brought more people who would not have otherwise come to the area, and unfortunately cars are now running on what should be that pedestrian plaza. once the building is empty, i propose turning it into a indoor garden and organic farm. so, that we the people of san francisco can grow our own food, grow flowers and bring vibrancy and life not just to that soon to be empty building at union square, but to the entire area. do not support turning it into a roller rink or any other business. i think it is time that the c

we have reached out to macy's but they have not responded and we will keep you updated.ng about 4% higher with less than 15 before the closing bell. we are back with a look at the key stocks from pippa stevens. >>> petrobras said it will pay out $2.9 billion in ordinary dividends but will not make an extraordinary payout which investors had been expecting. quarterly results from mongodb, topping estimates but lighter than expected quarter one and four your goddess but the ceo says the platform is resonating with ai startups. scott? >>> coming up, upsetting the apple chart, get it? those shares staffing the longest losing streak in two years and we will run through what has been behindhi ts stretch and where today could have staying power when we come back. ♪ voya ♪ there are some things that work better together. like your workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing across all your benefits and savings options. so you can feel confident in your financial choices. ♪♪ they really know how to put two and

the owners have not yet said what will happen to it once macy's closes.l it finds a buyer for the property. have you everúhad a meal there? are you kidding? you have. >> oh, i love it. okay, so what? >> what are sal and i going to do? i think if there's no cheesecake factory table to us, sal got to get there before they close. >> dave. yeah >> okay. yeah. >> i mean hopefully they won't. i'm not saying they're going to close, but you know should they. we got to get there. all right.o out and take a look at the commute here on san jose freeways. it has been raining. and that of a big deal for the south bay busit commute we've had in a while. i think it's correlated with the rain every single freeway 85, 87, 17, all of them are very slow. there's not one say, oh, you could take the lawrence are pretty slow. this morning. you can see the san mateo bridge looks okay. interstate 880 looks fine. the farther north you get, the less rain i see on these pictures. you can see the bay bridge looks kind of normal. bigger delay there and once you get onto the bridge, i

this news follows a string of other retail closures in the cities including macy's. last month, the company announced it will shut down its flagship store in union square. >>> turning to weather right now, a live look outside across the bay area. we have a break in the rain these next couple of days before another round of wet weather is expected to roll in. meteorologist jessica burch has a look at the forecast. >> we are done with the active weather we saw yesterday. now we have partly cloudy skies. tomorrow will be sunny. not a thing on the radar. we are dealing with mild conditions until saturday as we take a look at an area of low pressure moving its way in. the cold front will sweep in with a band of rain heading into our early-morning hours on saturday. it sweeps to the south bay in the afternoon with some speckled showers in the forecast and then drier conditions. that could impact some activities outside. around lunchtime, we could see some showers right around the corner but then it clears up after the evening hours. as we take a step back, today we are tal

according to cbs , macy's is reducing its branches in america by one third due to economic problems. the value of this company's shares in the last 3 months of last year is more than it had decreased from 6%. last year , he fired more than 2,500 employees. the growth of virtual purchases has been declared as the cause of this company's loss. according to german media, the file has been leaked. german officers are confident about the invasion of crimea. two welt spiegel newspapers announced this news, citing some knowledgeable sources in the german army. a 38-minute audio file was published by rasha tudei. in this file , some high-ranking officers of the german army discuss the design of the attack on the crimean island bridge with german taurus missiles. the ministry of defense of germany implicitly confirmed and announced the authenticity of the audio file. it is investigating how the auditory disturbance. this is the third revelation about the military intervention of nato member countries and after the controversial statements of the french president. robert kennedy jr., the candi

macy's a & s and left i was lucky. i got, the anne taylor presence.respect to tony spring who's a good friend, now ceo of macy's corp., that job, i said to tony, i said, tony, you know, this is the hardest job in the world. >> yeah. >> it is and same with nordstrom's. wh why? because i think the world is becoming so much more focused, attempting to be more focused on what they stand for, or whatever i did, i do linkedin a few times and i think two days ago i said, how do you feel about 30 cereal choices plus on, in a supermarket? and i said, give me the five best as a customer and inform me. i think it's about simple, focused in the world and do what you do the best. if you look at the companies that are very successful they stand for, at every level of retail, there's got to be a point of view. general merchandise in shops, something i don't know how to do. >> terms of being everything to all people >> everything. it's impossible and then sale, sale, sale in every sector of our industry. i went into a shop the other day, and i said, a good company i

it happened monday at the macy's store corte madera. police tell us 3 people were involved.ched a security guard in the face. and that suspect got into a car and took off the car was later seen in larkspur but got away. police then received a welfare check report in san anselmo and a person matching the robbery suspect was asking residents for change of clothes and an uber ride. police attempted to detain him, but he took off san antonio. police then were notified that a house was broken into and a car was stolen and tt car was later seen in fairfax. police pursued the car into sandra fell where it was later abandoned. the car was tracked to san pablo where richard cortez quarter heiress was arrested and he along with 2 others now been booked into the marion county jail. >> it's a 36 in the east bay, thanks to license plate readers and store security cameras. alameda city police were able to recover 3 stolen vehicles. one at a target. there was a license plate reader and alerted the police and they looked at the security footage identified and arrested someone. police did th

macy's says it will remain open until it can find a buyer for that property.un and clouds behind us along the oakland estuary. we had some pretty serious rain, though thae lingering instability. guys that we're tracking across the bay area. so while you might have some breaks in the rainfall right now, just just plan on maybe some more showers that could develop widely scattered as we head into the afternoon hours. we're taking a look long range here. in fact, you can see the current pattern out there. we have this big trough, this big area of low pressure out here is keeping things unstable for us, producing those rain showers as we put things into motion. we should see some clearing as we move into thursday and friday. so we actually have a change in the overall weather pattern that will bring us dry conditions pattern. we call this a trophyhy pattern because you can see how the upper level wind is out it'd of moving in from that direction. and that will keep the clouds in the area and the possibility of some scattered showers. a slight chance on saturday. w

ark house and brigade capital recently raising their macy's buyout bid to 6.6 billion.f boeing dropping more than 2% after news a tire flew off a united airlines plane prompting an emergency landing. the plane was leaving san francisco, not to mention this morning it skidded off a runway as well. novo nordisk down today, off its lows, the company's weight love drug wegovy approved bif the fda to risk of serious cardiovascular complications in adults with obesity and heart disease. >>> social media platform reddit is kicking off its ipo road show on monday as it makes its case to investors ahead of its highly anticipated offering. the company expected to price the stock between 31 and $34 a share for a valuation of about $6 billion. that's about half of what it was worth just three years ago. reddit stock will start trading on march 21st at the nyse. wall street journal tech columnist dan gallagher joins us. they need an anchor investor is what you say? >> well, i think reddit proposes it's an interesting possibility because they actually, they grew the revenue in the mo

again, that macy store was in corte madera. that's the first indicator that you see there. number one, the people we're told by police apparently punched a security guard in the face. and then that suspect got into a car and took off. the car was later seen in larkspur but then got away. then police received a welfare check reported san anselmo, a person matching the robbery suspect was apparently going around asking residents for a change of clothes. and if they could pay for an uber ride for him, police tempted to detain him. but he again took off san and several police then were notified that a house was broken into and a car stolen. that car was later seen in fairfax. police pursued it into sandra fell where it was abandoned. that car, though, was tracked to san pablo where richard contraer us was arrested and he along with 2 others now have been booked into the marion county jail. >> it's 9 35 and in east bay, thanks to license plate readers and store security cameras. alameda city police recovered 3 stolen vehicles. the first happened. it was a car that was swiped at

two weeks ago, the mayor was answer questions about the sale of macy's at union square. last week, she was celebrating big wins on election night. given a months, who knows what can change. we don't even know what this race will look like. the filing deadline still a ways off. the race in total will not be sent until june. >>> inspiring others on and off the court. nba superstar steph curry has a new book, encouraging kids to be extraordinary. >>> housing costs and gas went up again next -- >>> the united states wants to get humanitarian aid into gaza and it is finding a new way to do that. they are pushing for a temporary port onto the shoreline in gaza. today, a ship left from cyprus and world leaders worry that famine could set in for the people of gaza five months into the war between israel and hamas. palestinians in gaza marked the first day of ramadan with prayers. in many cases, they are doing so outside mosques, damaged or destroyed by israeli airstrikes. the israeli push for a cease-fire did not happen. >>> jewish students at uc berkeley are making their voices

macy's announced they were closing their west coast flagship last week, and now an iconic outdoor brand is pulling up stakes too. the north face store is closing at the end of the month. it's the last north face location in the city where the brand was founded in the 60s. and tonight, the san francisco chronicle is reporting that zara is closing its union square location by the end of the year. but for all of those closures, there is one big opening to tell you about tonight. a toilet. and before you poopoo it as no big deal, this john was a big story last year when its initial cost was estimated to be $1.7 million. it turned out to be 300 grand after the city got a gift. the throne was gracefully lowered down into town square in noie valley, and it should be opened by the end of the month. >>> in four days a blizzard dropped 400 inches of snow in california, ending the state's snow drought. but february was also the warmest on record globally, and we're already seeing signs of an early spring. so what's going on? here's more in tonight's project earth. >> reporter: it was a monster bli

. >> reporter: union square certainly needs it with the recent announcement that the flagship macy's store may be closing the head of the alliance says the public must take action if they want this to remain viable. >> you have to ask yourself, if your favorite store is leaving when was the last time that you came down and supported small business, big business, any business that you love? if you don't come, they can't survive. >> reporter: the business climate is changing rapidly. institutions that were p once considered pillars of strength now feel as fragile as a bouquet of flowers. but the beauty is still there, and there are those what think it's worth preserving. >>> end the genocide now! >> an international women's day demonstration specifically for the palestinian women of gaza. the group code pink, women for peace, organized the rally as a result of israel's ongoing bombardment of gaza. >> on international women's day, the u.s. is complicit. many journalists have been killed, and many have been killed and targeted by israeli forces. so this is an assault on democracy. >> cod

two weeks ago the mayor was answering questions about the sale of macy's at union square. last week she was celebrating some big wins on election night. so given eight months, who knows what can change? we don't even know what this race is really going to look like, right? the filing deadline a ways off. the race in total won't be fully set until june. >> more than a third of san francisco residents are asian according to the latest census data. >>> vice president kamala harris is in town with the second gentleman speaking at a couple fundraising events in the city. >>> tomorrow is another big primary day. voters in georgia, washington state, mississippi and hawaii head to the polls. president biden was in new hampshire today after he and former president trump held dueling rallies in georgia this weekend. they are expected to win enough delegates tomorrow to become their party's presumptive nominees. >>> other stories we are following around the bay area, our chopper was over uc berkeley as jewish students held a demonstration and march demanding that the school protect t

the owners have not revealed what will happen to the restaurant once macy's closes its doors. >> allea's oldest kosher bakery, grand bakery has a new owner who bought the business for $1. bay area business owner barry silber closed that deal on the historic grand bakery, officially took it over from sam tobias. tobias initially announced he was selling the grand bakery back in october for $1. more than 200 submissions came in for buying the business. ultimately, silber was selected as the new owner. now he comes with a long background of running other bay area businesses as well. >> i know, i just i've heard people talk about just, you know, well, i remember i used to cost this. yeah. all right. steve paulson, you and sal do your best. like old guy sitting on the porch. >> voices sometimes another profession where you get up very early. >> that is true. inúthe middle of the night. >> you got to get up to bake that in. no kidding. yeah. all right. rain totals. mount tamalpais is the most i've seen last 24 hours with three quarters of an inch. now the focus more towards santa cruz, san

was recently at macy's. now the only other north face outpost in the bay area are in santa clara, berkeley, walnut creek and palo alto. the company launched in north beach in 1966 as a mail-order company and a retail company selling rockclimbing and camping gear. this is a loss for the area. we reached out to north face for comment but so far we have heard nothing back. >>> a live look at san francisco where mayor london breed is looking at that in dealing with that while also preparing for her state of the city address . she will likely highlight her accomplishments later this morning. briefcases challenges who want her office in november. they want the keys to her office and they want to be the new mayor. we expect she will have more to say on public safety initiatives that voters relate on tuesday. let's drill down on some of the public safety wins. wilson walker with a story that shows the vote count on public and police issues, has a lot to say about the political polls of san francisco. >> i think ther

macy's rejected the previous deal in january that was worth 5.8 billion at the time.ler said its board had issues with the financing plan and the lack of compelling value. both investment firms say their frustrated by the delays, but they're still committed to completing this purchase. now let's see what's happening on wall street this morning. the new york stock exchange down by about 80 points. >> college basketball history in iowa. the iowa hawkeyes star caitlin clark, past lsu and basketball hall of famer pete maravich for most points scored in division one history. men's or women's. clark entered yesterday game against ohio state. needing 18 points for the record. she finished with 35. she led the hawkeyes to victory 93 to 83. clark isn't done yet. iowa is heading to the big ten conference tournament this week, where she can add to her scoring total. the blizzard in lake tahoe is a hassle for some, but for a couple of others it's amazing. >> these are ideal play date conditions for echo and yuba. the siberian huskies were loving the thick snow in south lake tahoe