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

s&p. it will replace whirlpool and zion. >>> and arkhouse is raising the stake to purchase macy's. >>> opeco extend the production cuts to mid-year. that includes the 1 million barrels per day by saudi arabia. >>> and bank of america raises the s&p price target to 5,400. >>> and "dune part 2" debuting at the 2024 record high. i'm looking being at the highlights. $81 million over the weekend. imax ran out of seats. i wanted to go. i couldn't get tickets. >>> here is what to watch. earnings include target and nordstrom and campbell's soup and the gap. we get the monthly reports with the jolts report. central banks are in focus with jay powell testifying before congress and ecb rate decision. speaking much congress, lawmakers are racing to approve funding bills before the deadline this week. we are also watching super tuesday with a dozen primaries and caucuses and the state of the union address. a very busy week. the markets kicking off with the s&p and nasdaq sitting at fresh record all-time highs. we see the pressure here with the dow opening 75 points lower. let's bring in ivory johnson fo

the stock was the worst performer in the s&p yesterday but has surged more than 2% just this year alone. shares of super micro down just about 2%. >>> also macy'sonfirming to cnbc it's agreed to open its books. the department store's currently weighing an improvement takeover bid from both of those investment companies. they had rejected the initial offer. they're conceptually flat, lower right now. >>> coming up later on, micro announcing it's boosted by ai space and they see plenty of upside to the stock, which has already jumped more than 60% in the past year. micro started mass production with chips that will be used in blackwell's gpu. >>> and jensen wang spoke to jim cramer saying they're predicting tremendous growth ahead. >> we're in the beginning of this ai computing ramp. >> how do you decide who's going to get that? >> let's talk about nvidia. jordan, good morning. great to have you here. >> great to be here. thanks, frank. >> i think the best place to kind of pick up here is on jensen huang or jensen. i think we're on a first name basis now, we see the guy so much. he talked to jim cramer. he went on to say at the gtc event, it's in

macy's takes some additional steps. katie: that's really interesting, lauren. as we just heard from simone, citi is of the view that this bid from arkhouse and bringing s somethinghey can't ignore, can't brush aside. it sounds like you're saying this is a bid they should consider. lauren: yes. i agree with her. i think it would be a step in a healthy direction for them. we'll have to wait and see. it all comes down to the details and what shareholders think, but i would be supportive of a deal. katie: so far, we've talked about retailers. we talked about department stores. we've talked about beauty and lipstick much let's talk about snacks. because looking down your list, i also see that you highlight pepsi here. talk to me about pepsi and how it fits into the composition of your market views right now. lauren: yes, along this theme of the bargain-seeking consumer, we love their snack business. it is faster growing and higher margin than their core beverage business, which remains very, very steady. you can just count on that beverage business to always be there. they were at a conference a couple of weeks ago, and they reiterated their typical algorithm, so the

macy's. all of that and more coming up. katie: welcome to bloomberg markets and it is a down day for markets, at least if you are looking at equities because the s&p 500 off .5% which does not seem to bad and the nasdaq is down by over 1%. there is some green to be found and no surprise it is in the cryptocurrency space. bitcoin continuing to surge higher up about 2% at the moment. we are on watch for the all-time high, maybe today is the day. we have some breaking ism data for michael mckee. michael: this is not good news for those looking for a growth scenario in the u.s.. the ism services index falls more than anticipated but at 52 point six after 53.4 the consensus was from 53. what is interesting is the sub indexes are almost all better. in this case new orders are up to 56.1 from 55. production is up to 57 point two from 55.8. employment is one of the few that goes down. that is something to keep in mind for friday and it might have an impact on the market forecast for what we get on friday. prices paid, 58 point six down from 64 which is also good news in that it tells a fed that may be inflation will not be a major issue. yesterday we ha

s ginger conejero saab joins us live in san francisco this morning. ginger, this may be the hopeful news that people really want to hear after learning this week macy's is closing its union square store. >> reporter: hopefully we're ending the week on a more positive note, right, laura? the hope is really that this rebranding for the mall and possibly the downtown area can move that area forward, what has been known as san francisco shopping centre will now be known as emporium centre san francisco. for those who have been in the bay area, maybe san francisco for a long time, it may sound familiar. the name is a nod to the mall's history, which opened in 1896 as the emporium. now, the facade of that building was the only part of it that survived the 1906 earthquake, and it was seen as a symbol of courage and vigor during the city's rebuilding. new management hopes it can evoke some of that as they focus on improving security and bringing in tenants in the entertainment and culinary sectors. they want to work with existing retailers and restaurants, attract tenants, improve security, and add events with music and performances. now, san francisco super

s&p 500. the stock is up more than 200% so far this year. more on the company's wild ride ahead on the show. macy'sre raising their 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 o

minutes away from the opening bell with futures on the s&p negative by .2% and yields are higher by or basis wanes. -- are higher by four basis points. macy'ser this morning. >> we are hopeful we can increase our offer if we get access to that relatively limited diligence we need. we made the request. the response was unfortunately from the company that it was premature to even begin negotiating. we have expressed that to macy's. we walked from through our capitalization and i'm hopeful -- and they told us over the past several weeks they had no additional questions and with respect to our financing. jonathan: that's the latest on the bid being raised for macy's. macy's still reviewing the offer after a restructuring plan which would close one third of u.s. locations. forrester research joins us now for more. let me ask you bluntly, does this get the deal done? >> i think it depends. there is still a lot of unknowns. macy's doesn't have the answers they had asked for before and how the financing was going to happen and it sounds like the buyers don't necessarily have all the details from due diligence they had asked for either. there are a