nordstrom the's was down last quarter with 7%, macy 's down 7%. kohl's down 5.5%.numbers, department stores were down 4%. i expect that trend to continue. their sales are certainly suffering. their stock the may go up or down based on what expectations are, sometimes you have that kind of dead cat bounce, or but we'll have to wait and see, but i don't think their sales will be positive. maria: jerry, or do you think we're going to have a recession next year? >> you know, i don't know. i hope not. i think we all do. i hope these numbers are going to be better than i expect, you know, when they come out in a minute. maria: yeah. >> you know, it really depends on how leveraged the consumer and is -- is and whether they have any money left to pend. maria: that's a good point. you're talking about tet and the use of credit cards going higher, and then there's the buy now pay later phenomenon as well. as we await the november are tail sales numbers, up 83 on the duh industrials. are you a fan of -- dow industrials. are you a fan of this buy now, pay later program in. >>

s&p gaining 18. >>> a possible macy's makeover. management have offered to buy macy's for $5.8 billion as first reported by the "wall street journal." macy's sales have slumped, declining 7% year over year. an investment bank has provided a letter supporting the group's ability to raise the necessary financing to get the deal through. >>> elon musk has restored the x account of alex jones, the conspiracy theorist and far-right broadcaster known primarily for heading the fake news website info wars. jones and infowars were kicked on and off what was a permanent ban in 2018 from twitter. musk announced that the post -- the x account would be reinstated over the weekend including the results of a poll asking social media users whether they supported his -- when -- when they supported his return. >>> and japan for the win at the box office. "the boy and the heron" debuted with nearly $13 million. it's a first for the 82-year-old decades' long career. only the third anime to top the box office in u.s. and canadian theaters and the first

s&p 500. energy stocks are having the toughest day. we talked about occidental and macy's yesterday. they are a great example of a stock under pressure today with the energy price down near the big acquisition announcement. we are seeing shares down 7% today. citibank feels there is buzz around that might not come together so weakness for those stocks now. in the technology sector, we've been focused on oracle and the challenges and satisfying expectations in the latest quarter with the sales -- with the cloud picture not inspiring investors with shares down 12% and lucid had a cfo departure. that stock is down about 9%. we will talk more about the road ahead a little bit later in the hour. scarlet: when it comes to today's u.s. inflation report, victoria fernandez explains what the data means for policymakers. >> the key thing that jay powell in the fed will be watching is that the core number did not move. we are still at 4% so the market and investors that have the belief that inflation will continue to fall rapidly and the fed will start cutting rates, i think this might be an ey

macy's security guard to death and injuring another police say the suspect tried to steal merchandise but was topped by the guards and left investigators say he later returned and stabbed the guards and took off s soon after, officers arrested him at a metro station >>> thousands of students are walking out of their classrooms as part of a rolling strike. the unions will participate in day-long walkouts. workers are demanding higher pay and see this move as a high-profile escalation in contract negotiations. >>> tragedy in paradise. a boston woman killed in a shark attack while in the bahamas. police say she was paddleboarding less than a mile from her resort when she was attacked by the y the sport. fi shark >>> if you were planning on catching waves in california, there is a warning in place from the national weather service there's an increased risk of sneaker waves and rip currents along the northern california coast. the warning trechs stretches fre north bay to big sur sneaker waves can sweep people and pets from jetties, rocks and beaches and move largobjects, l logs, trapping people underneath >> flood alerts are in effect to the north of that warning. angie lassman is tracking rain set

s&p coming off its highest close since march of '22. the stock set for a muted open. >>> plus we got deals in focus this monday morning. macy'setting a nearly $6 billion buyout offer. cigna abandons its pursuit of humana, and occi expands in the permian basin. >>> and apple's bullish call. why one analyst expects it to be the first trillion dollar company next year. >>> you might have noticed our screen looks a bit different today. it's all part of a new look for cnbc that we're pretty excited about. over time, we do hope it will make it easier for you to understand the market and the stories that we bring to you. we're going to run through a few examples, guys, of different looks, different charts, the way information is telegraphed differently. ticker's a little bit different as well. >> very clean and easy to understand. >> yeah. >> oh, whoa. >> that's some fun music. >> i like that. people oftentimes can be somewhat resistant to change. >> not us. we embrace it. >> give it a chance. i like it initially, and i'm sure it will grow on me. >> let's do dollar-yen? can we get a dollar-yen in the new look? it's up today. the dol