coming up, we will hear from marvin ellison on how he's turning jcpenney around.ere's a quick look on how jcpenney has performed against its peers. it is far outpacing me see -- macy's and sears. quite a comeback there. ♪ alix: this is bloomberg markets. i'm alix steel. a night mayor day for drug company valeant after the company reported a week first ofrter,/guidance and warned the possible default. the ceo just back from medical leaves oak on the earnings call. >> it starts with me. we obviously have to deliver on our commitments. the world has changed to some degree since december but we have to do a better job. we have had some underperforming businesses and that is on us. have to earn back the credibility and deliver on our results. we have to meet or exceed guidance and i think we all recognize that. isx: he says the company already looking forward to cutting costs. >> we've taken steps to restructure a number of our underperforming small businesses and are taking steps to launch a broad-based reduction program. these will be offset by key functions like fin

marvin ellison joins us for an exclusive interview.you have just been speaking with the store manager is with the meeting in the presentation. how to succeed with the title. what you tell them is the recipe for success? marvin: we have to spend a lot of time with the customer and listening to them. find energy around specific things we have to do. and increase in revenue for customers. that is the strategic framework we have laid out. we're focused on delivering with those initiatives. vonnie: people have written jcpenney off. they said they were going to get rid of the coupons and that customers will not come back. where are you in getting back those customers." is that still a target? marvin: the key for us is creating valuable shareholder return. , we'll get a 2015 4.5% confidence sector. we increased our gross margin by almost 300 basis points. we reduce corporate overhead significantly. we're moving in the right direction. it is less about getting back to the specific sales level. it is about executing well and creating an environ

that was marvin ellison, the jcpenney ceo. scarlet: gold futures are heading for their biggest three-day loss. is this a good time to get in? ♪ scarlet: you are watching bloomberg markets, and it is time for today's metal bulletin. julie: we are taking a look at nickel and nickel miners today. this is norrell, which is a russian company. it is rivaling the largest nickel producers in the world. you can see that they are down a little bit today, not heavily traded. the company cannot with their latest profit report, ebitda down, which was in line with report straight the company -- with reports. prices have been falling over the past several years. there were down 42%. we are actually seeing them down once again today. another chart that is interesting is chinese imports of the metal, which is searched in 2015 because of the falling price. we saw stockpiling of nickel occur in china. uses fore largest nickel, actually the largest industrial use for nickel is in steelmaking. that is one of the reasons that china has been stockpi

this quarter was a declaration that jcpenney's turn around is for real. marvin ellison. under his remarkable leadership jcpenney is taking back market share from other department stores thanks in part to major initiatives in categories like footwear, home goods and a smart partnership they have with sephora. i think the turn will continue but maybe the easy money has been made. ellison, you have to come on the show. you did a great job. next, home depot blew away the numbers in late february. seven cent earnings beat. higher than expected revenues. terrific same store sales. excellent four-year guidance. the stock barely budged in response, largely because home depot, i mean, they have such a long track record of delivering great numbers. one more earnings beat was a yawner. that's ridiculous if you ask me but that's what happened. the company is taking share and taking names. some were actually upset that indicate that 2016 would be back loaded i trust in home depot's ability to underpromise and overdeliver. the stock has a lot more room to run. i'm about to buy plants