his two favorites are nordstrom and wet seal. >> nordstrom-- i like the valuation there. i think they are gaining share even from a saks. the valuation on saks doesn't excite me. on wet seal, their merchandise is very correct. some of the key competitors to wet seal, such as american eagle or aeropostale, their merchandise is not correct. >> reporter: june is typically the second biggest shopping month of the year. but some analysts think july will be a more important barometer of consumer spending. not only is it the start of the back-to-school season, there's also less discounting. erika miller, "nightly business report," new york. >> susie: tom, the positive tone that we've been talking about in the market all this week continued today because of those retail sales numbers that erika just told bus, the good numbers on the jobs market. but we have to see what happens tomorrow when the report comes out. >> tom: and some anticipation for decent numbers ahead of tomorrow. we saw that today with the stock price ralies, let's get to it with tonight's "market focus." optimism

says it's ready to meet demand prime minister putin earlier indicated adding a new line through the nordstrom network which will pump gas to europe bypassing ukraine and belarus. now life is getting easier for foreign investors plain on the russian stock market they now don't have to pay a twenty percent capital gains tax or trading local shares officials say foreigners often concluded deals with russian blue chips outside the country in order to avoid this tax analysts hope the move will help in the markets. let's take a look at the markets now crude is on the rise as investors wait for reports to morrow about could show us inventories the client for a seventh week however concerns about the prospects of the global economic recovery are limiting the gains. and european stocks are trying to rebound from a seventh month low with all sorts of corporate results supporting some sectors banks are mostly higher after being particularly hits on monday bank as almost four percent it's. and here in moscow both exchanges are in the black and the arts yes point seventy want. sense and my sex is zero poi

so when they opened the san francisco center, nordstro nordstrom's downtown, they have ramps on the ground floor, very gentle ramps but highly polish polished. the inspector said this is a slipping hazard and they said we will provide this non-skid material that we're going to paint on every six months or a year. >> the building and fire codes generally do not allow people to have to do something on a continuing basis to meet the requirements of the code. i'm pleased to hear that there's a baked on finish that meets that standard that doesn't have to be reapplied. >> well because sometimes you're using this. we did a back-painted shower where everything in this shower was chromium green. and -- yeah. >> nice. >> and including the floors. and so it's all back-painted glass. so you don't want to -- i mean, gosh, i could slip -- you could slide on a thing like that. and so it's this non--slip glass. >> i wanted to know what kind of glass is made of -- in tanks, where you can shoot through. >> the answer is it's a laminated glass. they're using a -- but instead of laminating it with a polyviny

it's ready to meet the rent and last week prime minister putin suggested adding a new line to the nordstrom pipeline which delivers as their record to germany bypassing ukraine and belarus. separately germany will take part in russia's innovation five the two countries are creating a one billion euro investment fund to support high tech business the head of russia's state bank says the cash will only target small and medium size for arms in particular old ones which work in the car industry. believes this will help produce more components locally. but projects skolkovo its continuance or trapped new companies russia's answer to silicon valley has revealed a further thirteen firms have signed up the project's chief operating officer says investments this coming from both big and small players. on one level we've already attracted commitments from for example cisco over one billion dollars to invest in skoda on a smaller level one of the big pharma we've also directed forty million dollars to invest in venture funds plus one hundred million dollars to invest in setting up an r. and d. center

it's ready to meet the man prime minister putin earlier indicated adding a new line through the nordstrom network which will pump gas to europe bypassing ukraine and belarus. will suffer leave germany will take ports in russia's innovation bribe and see countries are creating a one billion euro investment plan to support heights had business they had a brushless say the bank says the cash will only target small and medium sized firms in particular wants which work in the car industry would have new video of believes this will help produce more components locally. well the high tech projects local is can see any and so track new companies russia's answer to silicon valley has revealed a further thirteen firms have signed up the project's chief operating officer says investments this coming from both big and small players. on one level we've already attracted commitments from for example cisco of one billion dollars to invest in chicago on a smaller level one of the big pharma we've also directed forty million dollars to invest in venture funds pose one hundred million dollars to invest in

for exporting crude oil to asian markets he also suggested and other line could be added to the nordstrom gas pipeline which goes under the baltic sea and terminates in germany but he gave no time frame for either project. and that's all the business news for now will have more in an hour sign and the headlines are next. for the full story we've got it from. the biggest issues get the human voice face to face with the news makers on. morning news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. giant corporations are on the day. wealthy british. margetts. find out what's really happening to the global economy in. five thirty pm on friday with. chief executive of the group by the end of quick questions arise. from the crisis and despite police knowing about many of the allegations some. people take to the streets to protest against. the latest country to be hit by the financial crisis the parliament is set to approve a key austerity budget. the pleasure cruise is now going to. focus now on the area around the site of the sin

says it's ready to meet the man prime minister putin earlier indicated adding a new line to the nordstrom network which will pump gas to europe bypassing ukraine and belarus. now life it is getting easier for foreign investors playing on the russian stock markets they now don't have to pay a twenty percent capital gains tax for trading local shares officials say foreigners often conclude the deals with russian blue chips outside the country in order to avoid this tax analysts hope the move will help boost liquidity in the markets. let's take a look now at the day's trading crude is on the rise as investors wait for reports from our own that may show us and worries the wind for a seventh week however concerns about the prospects of global economic recovery are limits and games. and european stocks are trying to rebound from as seven month old with all sorts of corporate results supporting some sectors banks are mostly higher after the in particularly hits on monday. is almost worth percents. and here in moscow both exchanges are in the eye of the arts yes and solve one point zero nine perc

system for exports in crude oil to asian markets he also suggested another line could be added to the nordstrom gas pipeline which goes on the baltic sea and terminates in germany but he gave no time frame for either project. all that's all the business is for now the headlines are next with bill. admission free accreditation free in-store charge is free to make minced free risk free. to chide priests the old free blog cancelling video for your media projects and free media and on the hard t. dot com. we'll. bring you the latest in science and technology from the realms of russia. we've got the future covered. i just want to. live here in moscow top stories the over thirty countries including the u.s. officially recognized the libyan rebel council as the governing authority retracing unity of calls for gadhafi to give up the recognition would allow washington to sponsor libyan rebels with money from gadhafi frozen assets. u.k. phone hacking scandal gathers pace forcing the chief executive of the group owned by the murdoch empire to quit meanwhile questions arise as to why it's taken so long to

system for exporting crude oil to asian markets he also suggested another line could be added to the nordstrom gas pipeline and that goes under the baltic sea and terminates in germany but he gave no time frame for either project. well that's all the business news for though the headlines are next with will. welcome to the kusa big splash in the world of high tech business what turns events science into i ching products they don't understand coke easy steps he followed russian invaders to egypt meters and brought it and their big breakthrough back home to spotlight on sunday once a college update here on. we've got the future covered.

gap and nordstrom just two big names signing on to this saying it's better for shoppers meaning we don'te to worry about keeping track of slips of paper but yikts same the receipts are just another tactic to collect people's e mail addresses and then spam them. >> the nation's small business owners feeling shaky about things now. so are investors on wall street. >> good afternoon, u.s. stocks taking a downward slide today, take a look at the dow. and s and p and nasdaq posting red arrows. and president obama saying he'll continue to press leaders for quote the longest possible deals and almost two thirds of the small business owners saying they'll not add positions next year this, is adorgd a survey. two notable reasons are slow growth z lastly, don't forget, it's free slurpee day at 7-116789 chains will be offering a free frozen slurpee drink hoping to make five million of them this year. at the new york stock exchange, with the bloomberg after the bell report. >> and still ahead this afternoon, san francisco officials taking at how america's cup race could hurt the city's water front.

you are tired of digging through your wallet to find those old receipts, popular retailers such as nordstromnd gap are including electronic receipts sent to your in box them. say digital receipts are more convenient but some shoppers see this as a ploy by retailers to invade their email boxes. while these concerns may be slammed, consumers also can -- may be valid, consumers also also opt out of spam. >>> grew upon is alerting its 83 million subscribers of changes to its privacy policy. the daily deal site will now collect more information along with location data from those using a mobile device and will share it with partner sites like expedia to allow for more targeted deals. and customers can control just how much data is collected. >>> online dating is not just for those youngsters anymore. "usa today" is reporting that older people are the fastest growing group looking for love on the internet. an estimated one out of every six people online on those dating sites is 55 and older. this trend is believed to be the result of more internet- savvy seniors as well as seniors having a tough t

also leading the pack were sachs, sooum ies, nordstrom and cole.nding spilled into other areas. >> customers j jumping on to the smart phone that some cost to 300 dollar phones and. >>reporter: economy may not be all rose yes yet. we spoke to golden gate university by skyp skype. >> i don't think it's that sudden my people are feeling fancy free with the money. it's really snapping autopsy bargain? a . >>reporter: people loaded down with shopping bag here and moms like amy with 4 kids in tow. on move by the deep discounts. i try not to buy. i used to do that. and would i buy a ton of stuff and hen half of it would never even get used. >>reporter: her student rachel rose facing higher tuition fee and become cost. >> i have to pay rent and things like that. i don't have the money to spend on l nice clothes or a bunch of is pretty jewelry. >>reporter: retailers may have to raise prices soon as their cost rise. >> between the very high price that they are facing for all of the of component of the product that they want to sell and the very super bargai

you buy and where you shop, and then send that information to companies, and let's say you go to nordstrom's and buy shoes, you may get a coupon for shoes at rivalry tailers. when you use that coupon, the retailer pays the bank a fee. it opens up a huge possibility for banks. they could take in $1.7 billion a year, t. j. >> a lot of the banks? >> wells fargo, citi, sovereign bank and visa. one bank that has 5 million credit card holders will be involved in it, and you can opt out. and these banks, they are looking for new ways to make money, and this is a great way for them to make money. >> we heard that phone companies, the smart phones, these companies are getting rid of the unlimited data plans now. who else is jumping on this bandwagon? >> verizon is getting rid of all of the -- whatever calls all you can eat data plans. it goes for $30. starting tomorrow they will do away with that. new customers that have a smart phone can pick from three a la cart plans. two gigs for $30 a month, and this is not new, and verizon is entering the frey. at&t mobile already this did. the fact is we're us

nordstrom and gap started a few months ago, watch out you could get store offers clogging up your inbox you give out your e-mail address. >>> pepco is the most hated company in america according to a new american customer satisfaction index. frequent power outages gave them the title. second place, delta, customers plaining about shelling out more for food and drink and baggage fees and time warner cable to the third spot, facebook making it to the top ten daas of privacy concerns. >>> want a free credit score get rejected for a loan. lenders have to tell you what prevented you from getting a loan or credit card. the new measure goes into effect on july 21st. >>> don't forget for the latest news about your money, check out the all new cnnmoney.com. "american morning" will be right back after the break. hey, the new guy is loaded with protein! really? 25 grams of protein. what do we have? all four of us, together? 24. he's low fat, too, and has 5 grams of sugars. i'll believe it when i--- [ both ] oooooh... what's shakin'? [ female announcer ] as you get older, protein is an important pa