nordstrom rose almost 5%high end shoppers still buying. the upscale retailers latest results beat the street, and nordstrom boosted its outlook. but more traditional department stores are struggling. dillards and j.c. penney were both down after reporting decent earnings, but had cautious outlooks on concerns about nervous consumers. ---(susie w/ots) and finally, devry the biggest loser in the s&p 500. a troubling sign as we head into the "back to school" season. the stock down almost 17%. despite posting better than expected quarterly earnings last night. investors spooked by a 26% drop in new undergraduate enrollments. and that's tonight's market focus. >> susie: in this tumultuous week, there is a ray of hope for a disdecimated industry. hundreds of thousands of construction workers who have been sidelined by the weak housing market might want to head out to the heartland. there's a building boom going on there in agriculture. as diane estabrook reports, farmers are producing so much grain they're running out of places to store it. >> r

. >>> and if you are one of them, you may be happy to hear that nordstrom is growing a number of online retailers offering free shipping. the high-end store used to require a minimum purchase of $200 but now all purchases and returns ship free. there are a few exceptions like coach products and items from overseas but still it's a significant savings what you're spending five bucks or $500. and while most stores do require a minimum purchase or promo code to qualify for free shipping, nordstrom is not alone. l.l. bean, zappo's, kate spade just a few of the etailers shipping at no cost. for a complete list go to cbssf.com/consumerwatch. most of the shores that offer free shipping are more pricy. >> you're make more for the product. >> right. >> you can't beat free shipping. >> you can't. >> the only thing about online you don't get to try on the clothes. >> but you can send them back. >> if it's free, send it back. >> easy enough. >> thank you. >>> next, you weren't the only one who was bumped from your flight because of irene. the group of chihauhaus still on standby. >>> and winds of c

nordstrom's' profit was up 20% in the recent quarter. so they have discount stores like ross and luxury retailers like nordstrom still doing well. stores like the gap continue in the middle to struggle a bit. that's going to be key with the back-to-school shopping season. another thing helping out the market, europe a big factor in the market these days. and we did see temporary bans on short selling in france, italy, spain and belgium. that soothed markets over there each showing big gains. and that is resulting in stronger gains here on wall street again. the numbers now, dow up 127 points. nasdaq is up by 14. s&p gaining 11. and with everybody focusing on gold, frank and grace, it's pull down about $10 an ounce right now with money flowing back into equities. let's hope it keeps up throughout the day. >> if it goes up today, do we think next week may be it might stabilize or are we looking at another volatile week, do you think? >> reporter: we're not out of the woods anytime soon. it's going to take quite a while before the volatilit

. >>> and nordstrom trying to drum up business for its website by offering free shipping on all ordersless of how much you spend. the upscale retailer used to only offer free shipping on orders of $200 or more or through special promotional offers. >>> and starbucks is entering that single serve coffee craze. beginning in november it will start selling single serve coffee pots at supermarkets. the k-cups are apparently a growing business. starbucks believes the deal is worth more than $1 billion. >>> all right. in the supermarket chain, this is interesting, it's appealing to its customers sense of smell. it has five machines on the wall throughout a store in brooklyn and they pump out art fill smells like bread, bacon, grape fruit. one person walked through the store blindfold. >> you smell meat. >> wow. >> it's got a whiff of meat. >> wow, amazing. that's exactly where we are. >> okay. >> and again, there is the device. >> all right. so the company has already seen results. they say sales are up about 5% this just in the last three months. it plans to install the machines in all of it

at this luxury mall in the o.c., orange county, california, police are raiding a shop near nordstrom and macy's. the contraband these cops are after? counterfeit clothes. >> just relax. we have a search warrant. >> oh, really? >> reporter: santa ana police officers arrest the store manager. he's accused of selling phony prada, dolce and a huge stash of true religion jeans. he pleaded not guilty. while police put their suspect in the car outside, the brains behind the bust is counting the merchandise inside. so there's'sot a real pair of true religion in this store that you've seen? >> so far not that i've seen. so this is a great hit. >> reporter: he's kris buckner. not a cop, but a p pvate investigator. the middleman between the police and the brands themselves. >> we're sort of like the counterfeit cops. so anything the cops do to investigate regular crimes we're really doing here at our company for those brand owners that we represent. >> looks like it could be real. i just need to take a better look at it. >> reporter: buckner shared some of his secrets on how to tell a fake. >>

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

watching for tomorrow: weekly jobless claims, along with quarterly results from retailers kohl's and nordstrom. and, should you pay your children for doing chores? our "kids and cash" series has some suggestions to balance giving your kids an allowance and teaching them the value of money. britain's prime minister is working to restore law and order in london and other major cities. about 16,000 policeman patrolled london last night to discourage days of looting and rioting. the unrest comes amid austerity measures that are cutting social services, along with law enforcement. the "guardian" newspaper reports that the insurance bill for the damaged shops and homes would be paid for by police. estimates put the costs at more than $160 million. >> susie: rupert murdoch's newscorp in with solid quarterly results, despite the phone hacking scandal that closed his london tabloid. the media giant earned 35 cents murdoch said the scandal has not had a material impact on the company's other operations and that the newscorp board wants him to stay on as chairman. the media giant earned 35 cents a share

we will get second quarter earnings reports from dow and cisco, among others as well as nordstrom, kohl's and macy's. the market committee will hold a one-day meeting and wednesday the international trade balance will tell us if the u.s. is importing or exporting more goods right now. friday the total sales report for the month of july, giving us a window into consumer activity. and finally today, printed menus, tablecloths, even use of the french word restaurant. all date back to delmonico's, a fixture of wall street east since the 1830s. >> it is the first restaurant in america. and we've been feeding this area for the longest time, over 170 years. >> so this delmonico's steak here, it's cut from the rib. so here you have a three-pound bone-in rib eye. the delmonico steak is the same cut. for this one we take the bone out, a single serving. this one we leave it in. and it's for two. >> famous diners abraham lincoln, mark twain, charles dickens. >> in the daytime you have all the business guys. at nighttime the tourists. at nighttime it's 90% steak. and the weekend chicken a la king, bak

shopping and retail stocks taking it on the children including gap and jc penney all tumbling even nordstroming it bad across the spectrum. and a retail analyst follows this closely. what is going on? >>guest: well, not so good out there today. not so good. >>neil: in all seriousness, who is leading whom? are these, are shoppers spending to the market? are those who own the stocks responding to what they think shoppers will do when they look at the markets or just a slow down? >>guest: well, like i have been talking several times with you on the air, the slow down already happened and it seems the market just now caught up to what the consume has already been enduring. it is rough out there with 9.5 percent unemployment, skyrocketing commodity costs and it has to end up somewhere so the consumer is hurting. folks that are 99ers not getting the government subsidy, it does make an impact. and the market is finally catching up to the consumer. >>neil: rarely in our history do we see the double dips, in other words, so soon after coming out of a recession that we go back into one but that is the

romney seems to treat his own beliefs like clothing purchased at nordstrom's.s them on for a while. then if somebody complains that he doesn't look good in green, he trades them in for something new. this is a guy after all who pretends not to approve of his own health care policy. back in june, that's june of this year, romney seemed to accept, if only in a hazy noncommittal kind of way, the overwhelming scientific consensus that the laws of physics still apply here on planet earth. that if you pump heat trapping gases into our atmosphere, they will tend to trap heat. i believe the world is getting hotter, and i believe that humans have contributed to that. so said romney way back in the misty before time 2 had 1/2 months ago. since then, he has discovered that science, reason, even the law of specifics has no current place at the republican table, with the exception of jon huntsman, who seems driven by either self respect or a keen urge to commit political suicide. today's ambitious republicans tend so see facts as annoying obstacles blocking the view of thei

he treats his own beliefs like clothing purchased at nordstroms. while, but someone complains he doesn't look good in green, he trades them in for something new. this guy pretends to not approve of his own healthcare policy. back in june, that's june of this year, romney seemed to accept, if only in a hazy noncommittal kind of way, the scientifics that laws of physics still apply here on planet earth. that if you pump heat tapping gasses into our atmosphere, they will tend to trab heat. i believe the world is getting hotter and i believe that humans have contributed to that. so said romney, way back in the misty before time, two and half months ago. since then, he's discovered that signs, reason, even the laws of physics have no place at the current republican table. with the skengs of jon huntsman who seems driven either by self respect or a keen urge to commit political suicide, today's ambitious republicans tend to see fact as annoying obstacles blocking the view of their more colorful fantasies. we don't need no stinking signs. take your realit

people went out, bought the luxury goods, the 2,500 pair of shoes, went to nordstrom's, bought fancy bmws, good times for them. mercedes had one of best years of late and went out and spent. that was then. this is now. the stock market's been very questionable and i think as a result you'll see consumers retreat and pull back a bit. >> vera gibbons, thanks. >>> new york city mayor michael bloomberg announced this week details about a program designed to help more than 300,000 young black and latino men. this initiative will help young black and latino men find jobs raise families and hopefully stay out of trouble. >> blacks and latinos are not fully sharing in the promise of american freedom, and far too many are trapped in circumstances that are difficult to escape from. >> joining me now, talk radio host, who's come in from los angeles. glad you made the trip. thank you. >> nice to be here. >> tell me what you think about this program that's been launched by new york city mayor michael bloomberg? >> he has to be commended fully for this. this is an incredibly important initiative,

. >> reporter: cops say he was selling it all right next door to nordstrom's. and nice shop. people will be surprised. >> people will be r rlly surprised. >> this is representative of 300 loss per pair for some legitimate businesses in the mall. >> reporter: meet chris. 'not a cop but a private eye who works for those high-priced designers. >> we're sort of like the counterfeit cops so anything the cops do to investigate regular crimes we're really doing here at our company for those brands we represent. >> there is an altitude this is a victimless crime and surely police have something better to do than worrying them the counterfitters. do you run into that attitude with law enforcement? >> we don't want law enforcement to look at us going you're wasting my time on a tiny says so our job is to make sure they will take action. >> reporter: the warehouse in the back of his office proves that. a mountain of confiscated goods, boxed up and stored as evidence for trial. >> you sold that. >> reporter: for "good morning america," ryan owens, abc news, orange county,