retailers nordstrom, top shelf and top man teaming up. they will be at 14 nordstrom stores across the country starting in september. joining us now from a top shop in new york city, phillip green and pete nordstrom. the president of merchandising. both of you, fantastic to have you on the show. ph philip, what's behind the thinking of teaming high end with middle end and why do you think this is going to work? >> i think, you know, we have spoken to quite a lot of retailerser and american people over the last year and felt by after talking to the people nordstrom had the most compelling proposition in terms of we're going to be unique in their portfolio. both online and in the 14 stores initially. we create all our own product. we have 15 inhouse designers. they have a fashion customer and i felt that it was a very good fit of being not in a very crowded marketplace there, specific. we could create merchandise and design merchandise specifically for nordstrom and that's what we will do. >> pete -- >> limited edition merchandise. >> and pe

upscale chains, saks and nordstrom reported sales that were better than expected. >> saks and nordstrom keep doing well at the high end and the trend in spending there is holding up pretty well, but at the same time they do have this outlet strategy that is getting in that middle to lower income consumer that will come in and shop and it's really doing well for them. >> reporter: discounters t.j. maxx and ross stores reported some of the largest sales gains. both also raised their second- quarter profit forecasts. even as consumers continue to hunt for bargains at so called off-price retailers, feldman says it will be late august when back to school sales peak, that we'll see just how much cash shoppers are willing to spend. ruben ramirez, "n.b.r.," new york. >> susie: a new twist in the countrywide financial saga, a report issued today by the house of representatives says countrywide, once the nation's largest lender, bought influence in congress by issuing sweetheart loans to lawmakers and other government employees. the so-called "v.i.p. loan program" was known by insiders as "friend

nordstrom is turning to mobile checkouts as well. more than 6,000 nordstrom salespeople are already using the mobile devices. starting this weekend, all 1100 of penny's levi shops will use ipads for customer checkouts. the move is meant to get rid of long lines. as for people with cash, the stores say as long as there is cash, they're willing to accept it. >>> did you enjoy your recent hotel stay? if you answered no, you're not alone. a survey by jd powers and associates found overall safntion with check in, check out, food and other hotel services has dropped to its lowest level in seven years. some of the reasons for dissatisfaction are charging for internet access and continued staffing cuts during the economic downturn. >> i've had pretty good experiences thus far. >> my last two have been fine and people have been kind. >>> still ahead, a proposed change in the way one of our virginia waterfronts may actually evolve. but some folks are headed to court over this. we'll explain why. >>> why some are so opposed to the changes. >>>

nordstroms is less apt to look at tourism hits.acy's pointed out that things in the tourism -- >> tourists coming the u.s. to shop? >> absolutely. >> and not as many are doing that or not shopping as aggressively when they get here? >> exactly. if, for example, tiffany, 40% of the sales from flagship store is 40%. when that slows, that's a huge dent for that. >> that's an amazing fact. >> that's huge. >> stacy does own limited and tiffany. i bet you own some things from limited and tiffany. maybe? >> maybe a couple. >> all right. good. how zoo how's the resident insider playing the retail numbers? matt, what do you like and sfloet. >> one thing to like is tjmaxx. trending higher. they keep breaking out. they go across all customer bases from the discount to the bargain shopper. kohls with a nice bargain hu hunting in the stock. i like it for short term. saks, all-time highs. bumping up against resistance. over a three-month period so might run in to resistance at this level and looks good right now. >> all right. thanks very much.

nordstrom, for example.ype in the search "made in the usa" it will show you items made in the u.s. i'm wearing a dress from nordstrom that is $80ish, made in the usa. whoops, there is a slip on the side. macy's, bar 3, you want to see that it's made in the usa. most of the time lane bryant, that does it. you can make that extra step to search for made in the usa. >> it's possible. >> and it's easy. american designers are stylish. i love this website called keepamerica.com. they source all things from jewelry like this which is great to home goods. gorgiana griffen, great accessories like handbags and leather bracelets and statement jewelry. beautiful stuff again. everything is listed online. i've got to move on to shoes because i don't want to run out of time. feel these inside. these are sandals made in california. >> oh, gosh. >> comfy! >> this is like walking on pillows, plus you get the heel. >> love these. >> i swear by these. growing up in l.a. i loved this line sbicca. this is so great. ohka bee. thes

in a parked car on the upper level of the broadway plaza parking structure in between macy's and nordstrom. just before 5:30 p.m. police say to african-american female suspects approached a woman, is rendered with a knife and some of with their purses. the female suspect possibly left in a dark colored lexus sc the theory people who come to this small are on edge. third >> i am completely shot to death something like that what ever happened. >> the first suspect is a black female adult with curly hair. she had tattoos on her arms. you >> it was cooler out there today, temperatures or certainly warm in the inland valleys. happy birthday! thank you, nana send money to anyone's checking account with chase quickpay. all you need is an email address or mobile number. you're welcome. take a step forward and chase what matters. cleaning better, doesn't have to take longer. i'm done. i'm going to... drink this... on the porch! ♪ give me just a little more time ♪ [ female announcer ] mops can be a hassle, but swiffer wetjet's spray cleaner and absorbent pads can clean better in half the time so you

from nordstrom, again, allison, these are bags you can find there.right now, just for a short period of time. there you go. head out while you can. back to you. >> thank you so much, sarah. >>> members of the enkore dance company blend jazz, hip-hop, ballet and modern and they're on their way to being one of the top urban dance companies in our area. they'll have a showcase tomorrow, but today they're instudio with a preview. good morning to the troupe. is this the whole troupe or? >> small sample. >> i figured that. you are advisor to enkore dance company. this is dimarco price and he is the director. tell us about the troupe. >> enkore dance company is an urban dance company whose goal is to train young dancers for professional entertainment. they'll be returning august 8th, radio stations shows, golden globe awards, you name it, they've done it. >> what are their ages, is everybody from, you know, just this area? >> made up of d.c., maryland and virginia, and as young as 8 and 9 and old as 22. >> fantastic. let me ask you about this event. tell me

nordstrom on the other hand isn't seeing it. they have more of an asian customer and west coast presence and they don't see the same reaction to the volatility in the financial markets. i think nordstrom is more interesting than sacks in that regard if people feel more comfortable in the high end. >> thanks so much. >> thank you. >> steph. >> still in the off price retailers and like tjx a lot. i sound like a broken record. the company raised guidance to 16 to 18% growth and the stock is trading 15 times. i still don't think it is that stretched. that said, we have been nibling and taking money off the table on this one and that's why we put money into nike where the expectations and the sentiment has gotten to negative. >> you sound sensitive there on the european tourists. >> no, no. i know josh has been doing a lot of shopping in tj max and he says it is awfully busy in there a lot of times. >> i will take the other side of the trade. i would not be anywhere near high end anything. if you look at demand from china and europe

slave says you can treat your new car like a sweater you bought at nordstrom's. keep it for a bit, try it on for size. if you don't like it, bring it back for a full refund. a couple rules. you have to keep the mileage below 4,000, no death penalties or damage, and there is a 60-day limit to the deal. isuzu wants some of its cars back, as well. the car company recalling 11,000 amigo suvs from 1998 to the 2001 model year. and rodeo sport suvs from 2001 and 2002. parts of the rear suspension apparently can rust and break-away from the frame. >>> the former head of barclays bank will give back more than $30 million in bonuses after barclays was caught monkeying with a key interest rate called the libor. bob dimond will get a year's pay and severance, though. the chairman of the company who resigned in the scandal testified this morning before british lawmakers. speaking of cheating, a wall street law firm says a quarter of the financial executives it surveyed said cheating was necessary for success. about the same percentage, 1 out of 4, said they had personal knowl

has given up the idea of joining nordstrom in a separate story subsidy gas linked to europe last week gazprom said the british company's interest in extending the north stream pipeline to britain but commissar daily reports the russian shareholders of b.p. insist the move should be done through its russian joint venture that's something b.p. does not want to do last year to block the british company's deal with rosneft saying it violated the shareholder agreement to exclusively represent russia. and what i was saying good news from europe i meant the use of of course not the. north stream are not maybe tying up as well while it's not at all good for my side i mean besides the be peeping but you know we'll catch up with you a little bit later there dimitri thanks so much. right coming up shortly as the united states continues with drone strikes we'll look at how effective all the weapon is and i'll be back with catch up of the headlines in just a few seconds stay with us. there hasn't been anything yet on t.v. . it is to get the maximum political impact. before the source material is w

for nordstrom. 6% for saks. strong trend. ross stores up six based on gross margin performance in both may and june. tjx increases guidance for the second quarter and the full year. tjx trading at record highs. the limited a continued outperformer gaining 7% on higher merchandise margins. thanks to a boost from the victoria's secret stores. it was the semi annual sale that always helps. macy's, kohl's, target and costco all missing expectations. costco with a negative impact from the timing of the fourth of july holiday. it was captured in last year's june comps but not this year. kohls and target said comp sales were impacted by hurricane debby in the south. back to school kicks into high gear at the end of the month. we'll see what happens but i'm sure retailers aren't excited about what they have seen for june. >> thank you very much. let's dig deeper into the june same store sales numbers. teley advisory group joins us uh now. dana, what are the upside and downside surprises? >> the stand outs are the off pr

she decided to rap about nordstrom department store. >> they help each other out.t's the way it works. a little bit of everything on the album. you don't have to worry about the label and you can do anything you want. >> its very cute. >> i love that. >> like what we've been say that they released a new album. people don't say that anymore. >> is going to be hot again. we are used to drill. it's going to be hotter tomorrow. then next week's, mid 80's. >> that will feel so good. >> 85 for the high temperature, running a little below average by monday and tuesday of next week's. let's look at the heat advisory in effect today starting at 11:00 a.m. to 8:00 p.m. for the counties shaded in orange. that includes the metro area. tomorrow we have an excessive heat watch in effect for the vast majority of the viewing area. tomorrow will be a few degrees warmer than today. this is a step up from the heat advisory. this may be upgraded to an excessive heat warning later on tonight and especially tomorrow. right now 83 degrees in the district, 82 in annapolis, 80 in martinsbu

their red bright and blue sale going on right now up to 40 percent lord and tailor 50 percent off nordstrom 75 percent off. some of them don't necessarily last through out the week some start earlier in the week because the 4th of july is on wednesday. you want the promotional codes as well. >> these are for summer clothing. >> the early start to the summer clearance. it will be significantly more down. >>> on-line coupons you can search to help you save. >> promotional codes.com. just to give you an example. you have 30 percent off if you use the code at bloomingdales. 15 percent off. it goes on and on. >> search around on the web. >> weave and chicken is up but pork is down. >> it is expensive but a lot of people to going to cookouts. 160 million people. >> not as many this year because of the holiday. >> yes, i know. >> vera gibbons. thank you for coming on. it is 25 minutes after the hour. coming up this is another example of a green bus. the navy is paying $26 a gallon for just one gallon of fuel. okay. we have to get somebody to explain that one for us. charlie sheen's former assistan

be luxurious and you are enjoying all the modern day comforts and these are 800 count sheets from nordstromleeping bags. queen mattress and 800 thread count sheets. >> you can pack in this nice. >> exactly. so, no need to stuff all your clothing into a book bag. this is from lord and taylor. your clothes can say neatly hung and pressed and this is hiking and walking shoes as well. >> towels. >> these are the luxurious very plush and highly and serve rent cotton towels. >> cool things you have. in order to pass the time at night. brook stone has an eye phone projector which you are holding there. this is the wireless speaker and this projector can shoot a stream up to 60 inches wide. good thing you have the large 10th to use as a back drop. >> this will play it wirelessly as well. >> that is fun for kids. >> can you watch movies. tv. >> it is cool. >> exactly. >> beavers in cups and cans -- beverages in cups and cans won't do. >> this forms around the wine about thele to keep it cold and the glasses are clear polly carbon natglasss and they won't break or shatter or crack. >> maybe i will tr

. >> neil: go to nordstroms or something. for god's sake.e ramsey, the profit of financial doom. >> fires, and floods, and it's all on us. talk about a lot of hot air. i'm on it. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. trick question. i love everything about this cotry! including prilosec otc. you know one pill each morning treats your frequent heartburn so you can enjoy all this eat land of ours has to offer like demolition derbies. and drive thru weddings. so if you're one of those people who gets heartburn and then treats day after day, block the acid with prilosec otc andon't get heartburn in the first ace. [ male announcer ] one pill each morng. 24 hours. zero heartburn. >> neil: spar

lass sob a global beauing is a northwestern we've got dose -- it has a social global fortunate nordstrom'sl give us its salespeople mobile hand held devices to scan pry is and pint a p -- card bead. >> p sperm. >>> state farm insurance is putting its economy a tempt the said they've been considering the move since the child molestation arrest, are jump san duskry doctor fetchfest first p.m. spirit stay with us for continuing -- stay with us for the latest coverage. >>> time now 7:46. several democrats in congress with. there was a moment of violence on the house floor yesterday remember the felt now know felt. >> i think the widespread view is that something who is that unbalanced will find a way to do harm. >> how many more signs ofs is do we have to have? >> california, according to three or four measures according to a new report that you just came out today. ranks 45th. p familiar and how. >>> there is a new concern about al qaeda apelt with the operation in sir you aria. estimate fortunate f.m. it is difficult as reach month i consider memorial that's after -- i consider that and the

and many retailers reported weaker than expected june sales, but nordstroms and saks, those high-endrldwide ch. now back over to "hardball." >>> welcome back to "hardball." mitt romney took some hits this week over photosç like these o him on a jet-ski at his summer home in new hampshire. that comes as new questions are being raised about his offshore finances. "vanity fair" reports that -- the obama team has a new web ad out knocking romney on the topic. >> i do not have a bank account outside of the u.s. >> i do not have a swiss bank account, an account in the cayma caymans. >> i've never heard of anyone that i know having an overseas bank account. >> he needs to come clean about where that money is and why it's there. >> how wig of an image problem does romney have when it comes to his wealth? now, according to "vanity fair," mitt romney has several offshore accounts about which not much is known cht he has money stored in tax havens where according to the magazine, he has personal interests in at least 12 funds worth as much as $30 million. in his 2010 returns, romney listed a $

. >> stores like target and nordstrom offer debit cards. from your bank account. >> for big ticket items, consider store cards. these generally offer six months to a year interest-free financing. but pay the balance on time or that interest will be charged retroactively. >> now money experts say it is generally easier to get a store credit card than a bank card. they can help you build a credit history. but remember, if you open too many store cards at once, that can hurt you. think twice. >> the death of one baby and a near stangulation of another prompted a big recall of 223,000 peg perego strollers. they come are a tray and cup holder. these are high end strollers. coal craft is recalling 5600 of its options, tandem strollers, and the problem there is that children could fall or choke. no reports of injuries connected to those strollers. >>> heading toward the other end of the spectrum, let's talk retirement. planning for your golden years? out with a list of the best and the worst places. at the top of the list is texas followed by kent

they will go to the in order strom mod-- nordstrom.re looking at something, those skinny jeans you like to wear, if you don't have time, you could change your mind, but if you have an associate with the scanner, you might be able to make the sale quicker. >> i don't have to stand in line, that's the important part of that story. we're seeing if nina garcia said anything else. >> i'm going to follow her right now. this is from nina garcia. well known fashion editor. and can we bring it back up, i can't read that fast. we don't care about the date. we know she tweeted it out today. she said having a wonderful day. i'm at jk pen-- [ male announcer ] drive a car filled with as much advanced technology as the world around it. with the available lexus enform app suite, you can use opentable to make restaurant reservations. during the golden opportunity sales event, get great values on some of our newest models. this is the pursuit of perfection. [ female announcer ] want to spend less and retire with more? then don't get nickle and dimed by

. >> and nordstrom has had ups and downs but a little more consistent.ou look at this, what will happen? i don't know. i do think, you have to give the guy credit for trying. i hate to count anyone out this soon, but let's just say, my prediction this was going to be one of the hottest retail stores of the year. i guess it was one of the hottest retail stores of the year, just not the way -- >> there's still six months left in the year. he has time. >> i don't think so. >> bill, we're standing by right now for the information on the living wills of the big banks. full coverage coming up. we're expecting that info at 2:00 p.m. eastern a few minutes away. >>> companies with u.s. exposure, safe ports, all american companies you may want to consider for your portfolio. perfect for america's birthday, right? >> plus, jobs jobs, all eyes on weekly claims out tomorrow, the big jobs report coming friday. june numbers will be out and we will have two of wall street's top strategists telling us how to play them and a look at jpmorgan's earnings next week. back in

this is in between macy's that is located right here and nordstrom. further down in this direction you can see it. just before 5:30 a.m., to african-american female suspect approached the women threaten them with a knife and then took off with their purses and started running through the parking structure. they believe the female left in a dark colored suv. >> i am completely stopped. >> reporter: the first suspect is described as a black female of don't with curly hair she had tattoos on her arms and was wearing a strapless denim jumpsuit. the second suspect was described as a black female with the same age and height. >> reporter: police said the suspects were captured by surveillance camera. right now they're trying to identify the suspects. >> justine: 4 people were shot in return in the first happened at 9:30 p.m. yesterday about a half hour later a second shooting was reported, a 28 year-old man was wounded and then taken to hospital the four victims are now in stable condition the shootings are thought to be gang-related and they appear to be c

the partnership could draw in some new customers who do not typically shop at nordstrom. rally on friday following days of losses c. disappointed investors looking for signs of more stimulus to boost the economy. taylor swift beats out justin bieber for the number 1 spot on a new forbes list. she is listed as the highest paid celebrity under 30. the magazine says she raked in $57 million from last may until this may. justin bieber came in second and overall, women dominated the list. that is business at the new york stock exchange. i am deborah kostroun for wbal- tv 11 news. >> stay with us. much more had coming up on the 11 news sunday morning. you're the events going on around town today. it's the perfect match for the perfect moment -- oreo the dunkin' way. introducing the new oreo coffee coolatta and new oreo vanilla bean coolatta. taste the fun today. america runs on dunkin'. hurry in to dunkin' and try the new oreo coolatta and donuts today. >> the accordion was called a one-man band. it has had ups and downs in popularity. for those who play them, there is nothing

high end at nordstrom, they will have a good number thursday.supposedly doing pretty well this month. the high end theme continuing to do well. low end on a relative basis hanging in there. anything in the middle to me is where it's tough, kohl's, jcpenney, safe way, super values. that's the consumer that's stuck in a quagmire right now. play the bifurcation, pick your spots on the high end, pick your spots on the low end and hedge yourself out as much as you can. >> thanks so much. the analyst at deutsche bank. steve weiss, do you have a trade here? >> i do. for me, i would stay away from the high end reliant upon the tourist trade, that would be saks fifth avenue where 30 to 40% of their revenue come from the new york store. people i talk to, europeans aren't coming over and they are not spending like they did. that's where i'd be cautious. >> i can't wait for comments, then, when i talk to the analyst from tivoli. >> i'm saving them. >> i know you are. please do. grasso, what's your trade? >> i would stick with target. more and more people i

. >> citi cut shares of macy's, nordstrom and saks recently, as well. obviously souring going on.eally soaring. they have a new weight loss drug. another one recently from arena pharmaceutical giving us more choice. >> it's qysmia. i don't know how to pronounce it. here's the thing. approval for the weight loss drug. right? that stock up 9.5%. management said they're looking far partner in europe, a sales partner in europe. they said the drug likely forsale here in the fourth quarter. didn't talk about pricing. you mentioned arena and probably throw it up. basically a name on the other side of the trade, right? >> bad news for them with competition. >> yes. that stock down 7.9% today with their own drug. basically they're going to go head to head. right? >> yep. >> here's the thing. very quickly. we don't know if they're covered by insurance. that's key, folks. even the ceo of vivus said he's not sure of that. covered by insurance more people use it. >> take a look at fed chairman ben bernanke on capitol hill today and answering questions of the house financial services committee.

i'm wearing a dress from nordstrom that is $80, made in the usa.ne bryant, that does it. you can make that extra step to search for made in the usa. >> it's possible. >> and it's easy. american designers are stylish. i love this website called keep america.com. they source all things from jewelry like this which is great to home goods. gorgiana, great accessories like handbags and leather bracelets and statement jewelry. beautiful stuff again. everything is listed online. shoes. feel these inside. these are sandals made in california. >> oh, gosh. >> this is like walking on pillows, plus you get the heel. i swear by these. growing up in l.a. i loved this line sbicca. this is so great. ohka bee. these flats are adorable, with or without the embellishment. last but not least when i was showing off my underwear, this is one of my favorite lines, far west. they can extend the short dress. this is helping me get away with wearing this dress. they have the chemise in long or the skirt version. it is such a saving grace. everything is online. >> good job,

i want to talk to nancy nordstrom who is president of the reproductive rights who is the group who sued on behalf of the mississippi clinic, and you say that the lawmakers have been up front about making their intent to make legal abortion virtually disappear in their words. what happens after the restraining order today? >> well, we are going to be back in court on july 11th and arguing that mississippi cannot do what it has tried to do with this very bogus law that is seeking to put the one clinic in mississippi out of practice. you know, the united states constitution guarantees women access to save abortion services. and what mississippi is trying the do and been quite blatant about it is to eliminate the abortion services in the state. they can't do that. it is a constitutional guarantee. >> has your group filed for other similar lawsuits? >> we have a host of lawsuits around the country, because unfortunately what we are seeing in mississippi is a trend around the nation, and what the goal of the anti-choice forces in the united states is to stop the provision of abortion services

. >> this is maybe let's say nordstrom going down to 5 below. i'm working on chipotle. frantically working on chipotle like many people trying to figure out how to value chipotle now in a world where it turns out to be economically sensitive, and it's slowing. not easy. >> in terms of the mcdonald's turn this morning, the free market could. have much more to do with where the stock has been and what it's done since its record high in january. simply has not participated. had a stellar run to its record high in january, and after that it's -- i don't want to say it's dead money, but it hasn't gone anywhere, and there seems to have been a rotation within the fast food sector away from the mcdonald's which had been performing and delivering a dividend yield to the likes of a turnaround play like a burger king. >> do i think mcdonald's, again, get hit. went down to 85, 86 previously because of worries that this could happen. then ran up to 90, 92 as part of an overall move in the s&p so maybe it revis its the 85, 86. >> not a great way to start if you're the new ceo, is it?

it is high with nordstrom. >> that sent the stock to the races. >> great merchandise. >> target got itight. i remember the days when target, those were the dayshen walmart used to have a look and walmart is back in positive territory. greenberg has a negative piece about costco. >> even the general is up today. >> the general. >> that would be ge, my friend. vaguely remember that name? >> not dollar general. >> part owner of us. breaking news in consumer sentiment just moments away. >> beaches, picnics, pool parties. what's better than a summer weekend? how about six stocks in 60 seconds? before you call in today see what kramer has to say. "squawk on the street" will be right back. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. op

macy's almost 3%. 2% for nordstrom. jc penny down another leg. home builders. names is up less than 40% on the year. whether it's profit taking or some growth concerns, those are all down. the interesting dynamic is usually airlines and oil are tightly correlated. not today. oil is up. so are the airlines. we had us airways touching a 4 1/2 year high. all these names, delta, united airways, jetblue up 2% or better. the energy around the possible merger with amr that maybe it's not a done deal for us airways, who knows, is creating some energy there. finally i want to look at the fertilizer stocks. jane wells is in illinois and santelli is going to talk about it in a minute. all the fertilizer stocks are catching a bid today on the back of that crop report. back to you. >> thank you, brian. >>> gary kaminsky is up next. >> i want to point out trim tabs reported this morning that 10.9 billion went into equity mutual funds for the 11 days into july here. interestingly, that tops the entire month of june where $6.8 billion went into equity funds. that is normally c