love, love, love nordstrom.maid a point on the callwe had all-time highs, and then the worth stretch. >> the tail of two markets. the market always schools you. remember everybody was staying away from bonds, stay away from bonds. right now the ten-year bond has a better total return of about 7% for the year than any of the major stock market brougham terse? >> that's why you've got to watch "power lunch" every single day. >> that would do it for this "power lunch." have a great weekend, everybody. >>> "street signs" begins right now. >> money is cheap, and will stay cheep for a long, long time, so sell pimco. hi, everybody. happy friday. what may by one of the dumbest arguments against housing, the surprise country that may have changed the face of global economics and scary chart on how to create systemic poverty. you have to see it to believe it, mandy. >> what a ride it's been, brian, the record highs earlier this week, they were well into the forgotten. look how lackluster we are today. in fact the

and then after the be bell nordstrom reported. with the president of nordstrom not long ago in seattle and he said it is time. it sure is time. they also have that terrific, terrific close out business that everybody loves. i like to say there's always a bull market somewhere. i promise to try to find it just for you right here on "mad mo >> tonight on the profit... i go inside worldwide trailers, a custom trailer manufacturer in tampa, florida. and so is this essentially a commercial kitchen? >> yep. >> that's your serving area. >> co-owners struggle to work together after their nasty breakup. >> you're a pathological liar, is the way i look at it. >> i can't work with you. >> i have my work cut out for me. for me, it's all about business. >> none of it would've-- should've been anything except for business. >> i need to put the controls in place... my name isn't going on this if it looks like this. there's no way. >> we do track our money. >> but no, you don't track your money. and make sure these bitter rivals can work together

jc penney and nordstrom have the pulse. nordstrom in particular. pulled up with blake nordstrom not that long ago and blake was talking positive, doesn't do much tv, talking about rack and the look. these were extraordinary. the stock is up largely because of the credit card sale, but this -- >> one of the last retailers to have that in-house. >> they need the money. they spent multiple billions on their omni channel, live across the street from amazon. >> right. >> they have a very good omni channel. rack, fastest growing retailer division in the country and people don't talk about it much at all. >> no kidding. >> put up a thousand of them. >> i had a question as well. kohl's, what -- to what extension is kohl's contributing to penny's? or is that notp part of this. >> or target? >> don't know about target. that's going to be very important. kohl's by itself is saying listen, we are going to embark on a new journey here to fix up the stores. they need help because the stores to me, versus my kids, my kids think stores look great. i think they loo

. >> heads up, nordstrom fans you can shock at the rack without leaving your home.la gulen, nordstrom rack has a website and app to offer shoppers greater access to the merchandise. i know you are a bargain shop are like me, promising to offer nordstrom merchandise at 30 percent to 70 percent off or limited time sales and a clearance section and if you have something that needs to be returned you can mail it back or return it to a store. >> okay. and for job seekers, we are hosting a job fair with pans at the job journal and ther vent runs from noon to 4:00 at the hilton garden inn in emeryville. employers are hiring for 500 positions and we do not know if they are at nordstrom rack with more details at abc7news.com. >> friends share shopping tips. san francisco's slanted door restaurant is the winner of the james beard award for outstanding restaurant of the year. the chef beat out two new york finalists, one from chicago and another from birmingham, and slanted door is located in the ferry building and picking up an award is daniel patterson from san francisco, on

>> nordstrom was fabulous. i say all the time. macy's being the other one. they deal in the upper end of the economy, which is a good place to be right now, the lower end is not a good place to be. we didn't see good numbers out at walmart, we didn't see good numbers out of the kohl's, and a fabulous number out of the nordstrom's. that's kind of what the economy looks like, but nordstrom's is doing a good job. the rack was great for them. online was great. they're about to monetize their receivables, there will be really good about getting something back to the consumer, or the investor when they do that, so i think that they're one of the class acts in retailing, and they have been for a long time. >> j.c. penney, not only on fire today, it's actually -- i'm just realizing this. the best performing stock in retail over the past month. you know what number two and three are? dillard's and sears holdings. >> sears? >> what do you make of this run of -- i don't want to say troubled companies, but companies that certainly have had their issues. i wonder why the

nordstrom does continually well.ience and sales environment in nordstrom is just second to none. you know, target had that for a long period of time. now they have been hurt because of, you know, the security issues. but they still have a great environment. walmart's having a lot of trouble because they compete mostly on price with undifferentiated product. it is a very low touch environment and they're suffering. you see this whole center of the store environment suffering and you see the luxury goods continuing to do well. i would continue to invest in those kind of players. david: steve, i want to switch gears, rather dramatically. the obamacare brand, the president thinks that the obamacare brand is an electable brand. he has been trying to tell his fellow democrats, this is a good brand. it is not a bad brand. we turned it around. do you agree with the president or not? >> the aca act was an attempt to try to deal with quality issues, access issues and the cost issues. and in so doing it really debt with none of

second is nordstrom.we pulled up with the president of the chain he told me that his companies had to invest billions of dollars online because he felt the legendary nordstrom customer service had been trumped by another retailer -- amazon. i almost fell out of my chair when i heard that. the company has built a fabulous web presence and has become a growth retailer by rolling out nordstrom rack stores. one coming near me in brooklyn. finally there's home depot which is proving that it understands it needs to relate to its community of customers. the site built in conjunction with salesforce.com allows you to connect with sales people and more importantly, other customers. i'm calling it crowd sourced hardware and who is not adjusting to this new world where every company is competing with amazon? walmart doesn't have it yet. somehow i think they might believe they do. target doesn't have anything but it knows that and i think the new ceo will address the issue pronto. petsmart and dick's seem to have los

into nordstrom's.we like it a lot. it's not too expensive. i don't think i'd buy it today, but if it pulls back a few percentage points, we're in. >> jcpenney, stephanie, positive comps for the first time in seemingly, like, forever. >> it's amazing. they've gone back to their roots. they went back to selling home goods which is what people wanted. everyday low pricing strategy, which is what people wanted. it resulted in better comps, better gross margins and easy comparisons even into next quarter. second half of the year, not so much in. you can probably own this stock into next quarter. >> balance sheet in better shape? >> a bit better. and i think there's just more confidence overall. now, the one thing -- the one interesting thing to me is macy's did not have a great quarter, and i wonder if jcpenney is starting to take a little share, what it does to that stock, and also what does it do to tjx and ross stores, because those companies have been the beneficiary of jcpenney having struggles. if the

we have to update you what is happening with jcpenney and nordstrom. nordstrom up 9%.ght now after-hours up 20%. we'll watch the stock that everybody had counted out tomorrow to see if it can hold on to these highs. a huge jump in jcpenney. >>> meanwhile should the fcc be allowed to regulate internet like the broadcast networks. came a bit closer to doing just that today. we'll tell you what it all means for you coming up. liz: and new and existing home sales declining last month, indicating the housing recovery is taking longer recently than analysts expected. is there hope for better results? coming up we'll ask the ceo of trulia in a fox business exclusive. they have a brand new app you've got to see if you're looking for a house. ♪. [ female announcer ] who are we? we are thinkers. the job jugglers. the up all-nhts. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can s, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses,

the earnings report was really good, same-store sales, of the -- at nordstrom, discount line at nordstrom, also have solid sales from the online department, but so many retailers blame the weather. and this is the winner today. stuart: thanks very much, we will be back to you quickly. look at the dow, this is pretty much flat. so much for our use of the new $17,000 graphic on the dow. let me make certain. charles, come back in again. another big kahuna nervous about the stock market, ralph is not a big investor but one of the big gurus of this world. if i'm not mistaken didn't he said the nasdaq is going to go down 25% this year? charles: he said it was a lot, 15%, 15% to 25%. this is the easiest call in the world. i got in an elevator and someone asked when is the class coming? we should be hearing any minute now if you want to be a do and be registered as a great guru jump on this down wagon. is bound to happen. it is and five years. listen. like i always say crashes come periodically but looking longer-term if it does happen today, if it happens tomorrow, you have to be an investor in

nordstrom sales at $2.9 billion, j.c. penney at 2.8 billion. expectations and stock in both companies surging as the market gets going on this friday. let's take a look at the big board. see how we're doing after two very rough days. the dow lower by 4 points. nasdaq down 13. s&p down 2 points. nordstrom shares up 10% and j.c. penney is rallying over 16% higher. michelle and frank, back to you. >> if we only had tomorrow's paper today. [ laughter ] >> thank you. >>> a family is upset with a catholic high school in san francisco all because of a yearbook photo. jessica urbina wore a tuxedo for her picture but her family says the school won't use it because it violates the dress code. kpix 5 was unable to get an official comment from the school, the sacred heart cathedral prep. urbina's family hopes to meet at the school to work out a solution. >>> a big box is causing some raised eyebrows at san francisco's justin herman plaza. >> it turns out it is from amazon. amazon will ship a package to the big box then the buyer can punch in an online code

second quarter in a row meanwhile, nordstrom reported 72 cents.lay a piano. >> the thing is moving. >> i know. but there's a couple places where they have those pianos where the keys move. >> they had them at nordstrom? >> if you are a kid and you see that, it's awesome. what is it, replicating piano? >> prosecutors are seeking a six and a half year sentence in the case which involves tips o'dell and vidia. >> that's more than what was initially even suggested, which was i believe four and a half. and that's going to be the debate today in court. >> new opposition has arisen for pfizer bid to astrazeneca. >> everybody except everybody in d.c. >> they say if the bid comes before shareholders, they should reject it. officials are worried about the 5,000 jobs that happen to be in that country. it's based in the uk. it has roots in sweden. having been formed in 1999 from a merger. so astra was british and zeneca swedish. >> the biggest investors on the planet are unveiling what they are dying and selling. dominic has been going over some of those. he

in luxury, nordstrom's is key.f those go off the retail rails, then we have something to worry about. retail is fine with the right price, the right product and that's not the case where walmart is today. >> though to burt's point, macy's just reported yesterday and those earnings certainly weren't anything to write home about. they blamed weather. the market seemed to give them a pass. now we're saying walmart can't blame it on weather. we have to pick, was it weather or was it not? who gets a pass ond who doesn't? >> in the case of macy's, they were coming up against a very tough same-store comparison sales and macy's has the gift that keeps giving which is jcpenney. so macy's and dillard's -- >> not for their margins. would you want to be in that business as jcpenney gets more competitive? >> jcpenney is going up against the easiest comps in the last ten years. jcpenney's anniversary home in the third quarter and does it have enough money. penney won't be able to compete versus macy's in marketing and merchandis

, that will show you how nordstrom is managing their page.ry actively curate their collection. it is essentially a digital way of merchandising their stores. >> where do you want this to goal? is the goal to get more big retailers on board, for every retailer to have a wanelo button? >> we definitely want wanelo buttons everywhere, tonight all payingping, which means attention to the smaller guys that matter to our users. we are building a single, dominant social network for commerce. that is what we are about. >> what do you make of some of the shift happening in the e-commerce industry? having a lot of trouble. a lot of smaller companies are not quite working out. kevin ryan, the chairman of gilt group, thinks a small -- a lot of smaller companies are going to disappear and a few bigger companies will rise to the top. >> i do think there will be a single digital mall in the future that connects you to the stores that are relevant to you. >> is that what you want wanelo to be? >> that is what we are hoping for. >> a single digital mall. >> t

greater access to the merchandise and promises to offer customers nordstrom merchandise at 30 percentpercent off and a clearance section and if you have something that needs to be returned you can mail it back or run it to a store. could be the coolest in the world. >> he fold through on the son's wish to have their very own roller coaster in their backyard. for six months he spent countless hours and thousands building a ride that makes a complete loop 180' around. he says he could not think of a good reason to say no to the kids when they asked if they could turn the backyard into an amusement park. as mike so gracely pointed out, you need a spay house backyard to have one of these. >> that would not fit in my yard. >> it needs a water feature if you could get sprayed. >> and you could call it a log ride. >> will, there you go. mike has the forecast. >> we will look at that is going on. our radar shows still tracking this area of light showers and sprinkles pulling away from bay point and antioch and hitting clayton and probably climbing up mount diabolo and danville and maybe san r

after the bell, jcpenney and nordstrom. the september of 11 memorial museum begins at 10:00 this morning. this is a live shot. president obama will speak at the ceremony. it is been overwhelming. i just spoke to caroline hyde about this in london. in front, the memorial has been out for two years. michael mckee and i wear there the day president obama and president bush and the first quietlyalk lightly -- around it. the gorgeous waterfalls. they're deeply moving. in the background is the new museum. >> it is a little hard as he from that picture, but those waterfalls just fall down into the ground. that notion of the world trade center's coming down, falling down from all the people in there, so it is a dramatic moment coming. go. >> what else do we have? >> janet yellen will be speaking at 7:00 this evening at the chamber of commerce. >> will shift chicken, beef, or fish? >> i'm guessing with chicken. >> i don't think that is a request and. >> let's get a data check. is, 1.30ook where it 657. all of this correlated to the

. >> true fit is available on 15 sites including nordstrom and lord & taylor. other retailers are trying out tools. >> we felt it's time to take a look at the technology to see what is out there we think there is a lot of promise here we hope it will continue to grow. >> a useful tool consumer reports looked at that worked on apple devices you plug in the size in your brand. app will tell you the best size in 500 brands the tool shoe fitter helps you compare sizes. >> we like that it does a scan so it has a good, almost like a three d replica of the shoe. it can tell you >> when it comes to jean, that might be easier than trying on multiple pairs in the store. there is a scanner that gives you right sizes and best fits. and that is unbelievable. >> love. that >> yes. >> you'll also get it printed for you. >> thank you. >> let's talk about the heat. >> oh, goodness. is it sfil out out there? >> it's hot. you know? this doesn't do it. it's so uncomfortable. i have a personal fan. way too hot i know temperatures are falling. with live doppler seven showing you cle

the other winner i think is nordstrom. >> how about you, anthony?ho is almost there, but not quite yet there, but someone you might want to be watching? >> two companies definitely watching are restoration and williams sonoma. they've been ahead of the game in terms of developing the e-commerce channel. all their merchandise is almost exclusive, and one company we think you should keep an eye on is best buy. they have been investing very aggressively in the e-commerce command over the last couple years, the cfo used to be the cfo of williams sonoma, so we don't think that's a coincidence. >> susan, you put out a hefty report on omnichannel, the anderson's -- so what do you think about omnichannel in your space? >> i'm focused on omnichannel. i think it's the only way they'll getting their margins back. the one company in my universe that's ahead of the curve is chico's. the reason why it's so important is there's the multichannel multiplier. that means the consumer spends three to six times more than the single-channel shopper. so that's why it's so

when you go into canada you got to take a nordstrom approach, be slow and steady. they did the complete wrong thing. but all that said, why wasn't it worse? the answer is because maybe you've got a situation that could be stabilized, you get a new leader in. it could be terrific. i like the fact some of the hard goods were okay. most importantly, this is the highest yielding of the mass merchant plays here. we love yield, right? so you get a yield that's around 3%, you will get buyers given the fact the balance sheet remains strong. in other words, they didn't screw it up. >> david, third straight quarter they bought back no stock and they talk about, previously they talked about a desire to keep investment grade credit ratings. now it's being called a commitment to keep that. >> well, if you want to keep that, you're not obviously going to be spending a lot of capital on buying back stock or want to lever your balance sheet up in any way. interesting to note whether or not buy-backs are no longer perhaps working as well as they had to at least engender enthusiasm

macies, jc penney and nordstrom all reports earnings. on wednesday, mark zuckerberg will be celebrating his 30th birthday. that's right. this is the guy who gave away a billion dollars last year. on thursday, we'll see how inflation is faring. on friday, howing starts are out and wabarbara walters will reti from television and say farewell from the view. christies sold pieces from both artists this week for more than $20 million. it is less than what they were expected to go for. testing the high flying art market in this week's spring markets of impressionists art. sotheby's failed to reach their minimum price, so is this a sign of the bubble bursting. that's the show for today. i'm becky quick. thank you so much for joining me. last week, we had promised to bring you alan alda. we hope to have him at a later date. next week, long-term care insurance. do you need it? each week, you can keep it here. we're "on the money." have a great one and i'll see you right back here next weekend. at shell, we believe the world needs a broader mix of

nordstrom stock rallied nearly 10% on successful sales numbers earnings that beat estimates. and, the burning cost of wildfires in california could reach the billion dollar mark.. as fires rage through 10,000 acres in san diego county... trader bob iaccino, of tethys partners leads the way on this friday. good morning to you. > > good morning. > > well we definitely have some market weakness especially in tech and biotech but what are the opportunities out there that you would like to take advantage of as you're trading? > > you have to look at this market 2 ways: you're either a bottom fisher, which i'm not and if you're going to be a bottom fisher you're going to do in the small caps and the biotech but you want to wait. you want to see what the broader market does. we have a technical correction in the russell 2000 down a little over 10 percent, we don't have that in the broader market and if the broader market reaches for a correction which some of the volume we saw yesterday on the selloff seems to imply that it might be doing that. russell could be down 16-18, 20 percen

. > > we have earnings coming out for macy's and nordstrom j.c. penney kohl's this week. will you put on any retail plays? it looks like the options market is mostly bearish on all of those stocks except for j.c. penney. > > yeah it's funny the one stock i really do like is macy's. i think their cash position is very strong, i don't particularly love the retail space but they have a good cash position, good footprint in the industry and i'm looking for them to beat on both sides. > > thank you, larry. > > you're welcome. dramatic changes could happen soon in the television industry.. that was the takeaway from rumors that at&t is in talks to buy directv for 50 billion dollars. the two could close a deal in two weeks according to the wall street journal. neither company has offered up any comment on the deal. it follows a massive merger of comcast and time warner, which still requires approval from regulators. analysts say mega mergers are a new reality for cable companies as the internet evolves. "it's the same realization that dish has come to and with it, they bought li

investigators say they took it, returned most of the clothes inside the suitcase to a nordstrom in pleasanton for about $5,000. the couple pleaded no contest and faced up to a year in jail each. >>> new this morning, a major decision against google affecting the very way the search engine works. the highest court in europe ruled against google saying they have to remove some of the sensitive information from search results. if search results for a person's name show outdated or relevant information google no longer linked to it. the court says the fact that the information is simply on the internet is not a good reason to index it. the lawsuit was brought about by a man from spain revealed results that infringed on his privacy. >>> lawyers for the state of arizona will be in san francisco today to try to convince three federal judges to uphold the state's restrictions on abortion drugs. last month the rules were blocked in appeals court. the regulations limit where and how women can take abortion-inducing drugs and block their use after the seventh week of pregnancy. now, women can use the dr

luggage made it to the bay area and thomas took it and returned most of the clothes inside to a nordstrom's in pleasanton for about $5,000. the couple pleaded the no contest and face up to a year in jail each. >>> the u.s. has sent surveillance planes to nigeria to help look for teenage girls kidnapped by the terrorist group boca haram. they're considering sending unmanned drones to look for the girls. in the past, boko haram was been paid for the return of kidnap victims. >> the best we can hope for is quiet negotiation, which keeps them safe, which gives you more time to identify where the vast majority are and attempt some sort of rescue. >> right now, there are about 50 people from the u.s. helping in the search, including fbi hostage negotiators. >>> a police officer in new hampshire has been shot and killed by a house -- and a house leveled in an explosion. here's the explosion. 48-year-old police officer steve arkell was at the home to respond to a domestic dispute when he was shot by a man inside the house. by the time the other officers a arrived to help, the house was in flames an

. >>> nordstrom posting strong quarterlies after the bell thanks to sales on line and at its rack outlets. earnings were down from the previous years mainly from investing and spending from the canadian market. the high end retailer backed its market for the full year, shares were off in regular trading to $61.49. >>> rack space shares also jumped on a bloomberg report that they hired morgan stanley to evaluate the provider. they may be looking to team up with bigger technology companies, the stocks spiked up more than 7% to $30.6. >>> kohl's saw profits drop as the retailer recorded lower sales. same store sales also fell missing analyst estimates. the company did reas firm the previous full year guidance, shares fell to $52.21. >>> and shares of eli lily fell after the blockbuster lung cancer drug ruling, the court ruled they can launch a generic drug. the stock was 58.21. >>> a handful of biotech stocks ahead. the year's biggest event for developments in the big money field of cancer research and medication. meg terrell joining us with more on the newest drugs creating buzz and which c

nordstrom reporting with cisco. retail sales for the month of march are due. facebook founder and ceo mark zishgberg will be celebrating his 30th birthday. that's right. this is a guy who gave away a billion dollars last year. and we'll see how they're faring with the consumer price in april. on friday housing starts are out and veteran journalist barbara walters will retire from television and say farewell on "the screw." view. it's something to sneeze at and it's less than what they expected to go for. testing the annual spring auctions of impressionist art. they failed to reach their minimum price and is this the sign of a bubble bursting? the auctions for red hot's contemporary art are this week so stay tuned. that's the show for today. i'm becky quick. thank you so much for joining me. last week we promise toed bring you allen alda as a science educator and we do hope to have him at a later date. next week, when you are unable to care for yourself. long-term care insurance, do you need it. we'll talk about that. each week, we're on the money. have a great

we're also going to hear from jcpenney's, dillard's, kohl's and nordstrom's. >>> there's another black for gm this morning. gm suppliers say it's the automaker they least like to deal with of the top six in the country. the companies say they don't trust gm. it doesn't communicate well and it's least likely to allow them to raise prices when materials get more expensive. toyota, by the way, is their favorite. >>> and new york city is a favorite of billionaires apparently. it has 43 of them, but that's only third best in the world. just ahead of the big apple is moscow with 48. but the city with the most billionaires by far is london with 72. britain also has more billionaires per person than any other country. >> who knew? >> who knew. >>> and watch out, oreos. your challenger is coming back. leaf brands plans to reintroduce the once popular chocolate sandwich cookie in the fall. hydrox debuted four years before oreo, but it hasn't been made in years. the maker of oreo is not worried. >> i remember those when i was a kid. >> it wasn't a neighborly thing to do but "neighbors" bumped off

nordstroms, they know how to do canada. target doesn't know how to do canada. nordstrom's knows. i know you haven't shopped there in years but they're doing well. nordstroms the credit card wise and move off to staples. >> i thought staples because of the office depot/office max combo would do something in this quarter. wrong! another terrible quarter and they're challenged by amazon. don't forget amazon is the wrecking crew for so much retail and people just don't go to office supply stores anymore to get office supplies. >> right. >> so office depot, office max had a good quarter. not staples. you want good retail? cvs, walgreens, which i know you're akin to because of the inversion and rite aid had great numbers. wonder, are the drug stores taking shares from companies? they offer a far further, much better array of products. i like them. kroger in the supermarkets. circle back. maybe a great "mad money" piece. who's doing well in retail. >> safeway getting taken private. let's not forget that. >> yes. >> your reference to wall green an important one, one we're watching. >> do

>> if you go to our website, that will show you how nordstrom is managing their.r store pages, they can act in fury or collection. it is essentially a digital way of merchandising their stores request is the goal to get more degrees ellis on board and for every retailer to have one of these runs is mark what is your goal? likes our goal is to unite all of our shopping. we are paying a lot of attention to this dollar guys. users. we are our building a single dominant commerce.work for excellency you make of the shifts happening in the industry? is having a lot of level. a lot of this mall or companies are not white or coming out. oncehairman of the group sold me he thinks a lot of small companies will visit your and a few bigger companies will rise to the top. lex i think there will be a big old digital mall that connects you to the product. as a single digital mall there is interesting. all right. founder and ceo, thank you for joining us here. have laidare moonies their initial public offerings. shares are up. it is next. ♪ >> welcome back. i'm emily chang. cloud

. >> what about the prospects of l be one ofil wil your customers like target or nordstrom?re working with a few larger retailers that want the local makers on site. exactly. you have seen this with a few companies likeetsy wholesale-- like etsy wholesale. i am a kick starter, i will raise a bunch of money. let's connect them with customers and create a compelling experience. a lot of matchmaking going on today. >> are you looking at partnerships with etsy? sellersrk with a lot of with them and ebay. we are agnostic to where they are selling online. we want people with really compelling products. peoplenb has had trashing apartments, tax issues and legal problems. how do you handle that kind of thing? >> we have not had a problem yet thankfully. hisy we are working with missive on both sides of the platform. not necessarily a consumer getting into business they are not aware of. as mrs. looking to grow their business. we protect them on the back end with an insurance product. -- businesses looking to grow their businesses. we have a five million dollar insurance policy for e

and macy's., wal-mart and nordstrom among those reporting on thursday. we will get new data on u.s.s, likely higher april, according to bloomberg's survey of economists. similar gains expected in u.s. housing starts. the april budget statement will likely show a surplus, thanks to all those tax returns. national as part of small business week, federal reserve chair will speak to the u.s. chamber of commerce and u.s. small business administration. a lot of recent public speaking for the fed chair. less so for federal communications chairman tom wheeler. we will hear from him on thursday. he will be more vocal when fcc commissioners plan to vote on whether to move forward with the chairman net neutrality open internet rules. his proposal would allow broadband copies to charge content providers for access to internet fast lanes, more than 100 tech companies including google, amazon, and facebook sent a letter to the fcc chairman opposing the proposed rules. we will be all over that one. nuclear talks in vienna. the possibility of more russian sanctions from the eu, and the global bitco

moving into wholesale which should be great for sellers to connect them with retailers as big as nordstrom'se any indication this could change in a bad way for buyers? >> not at all, we are supporting our sellers and helping them grow in our sellers on etsy have always done wholesale deals. even though online retail is really strong, 90% of retail still happens off-line. we are helping our sellers bring their goods to new customers off-line in neighborhoods and commodities where local boutiques are supporting so we are taking the specialness and distributing it into other retail. >> what if things take longer to get? this stuff is made with love and care and you cannot always get what you want right away. >> it's important to note that etsy is not competing on convenience. we will leave that to the other e-commerce companies. the things that you buy on etsy are worth waiting for. watch i am wearing now, you will not get it over night but when you get it, it will be incredibly unique and something you cherish forever. pinterest is not quite the commerce but how do you see them? are they compe

. >> what about bigger retailers like target or nordstrom being one of your customers?ave been working, it is not public yet, but we are working with a few larger retailers who want local makers. >> in their stores. >> exactly. you have seen this with etsy wholesale, with a few providers. but if i have a really cool product that maybe works well for pet owners, i will get into petsmart. if i have a kickstarter campaign, let's get into best buy. a lot of matchmaking is going on. >> are you looking to partner with someone like etsy? >> we have a lot of etsy and ebay sellers. we are agnostic. we just want people with compelling stories and great products. >> airbnb has had problems with people trashing apartments, tax issues, legal problems in certain states. have you ever had a problem? >> we have not had any problems yet, thankfully. knock on wood. we are working with businesses on both sides of the platform. it is not necessarily a consumer getting into a business they are not aware of. it is businesses looking to grow business. we protect them with an insurance product

actually now live on over a hundred retailers which include urban outfitter, soon to be live on nordstromd this is speaking to the fact that retailers are really starting to understand the importance of focusing on a social network that's 100% focused on shopping. liz: so interesting. every time we talk to a lot of these start-up people, what's behind them? san francisco. thank you so very much for joining us. >> thank you. liz: wanelo founder and ceo. want, need, love. closing bell is about 15 minutes away. housing appears to be taking a hit as the confidence index drop toss a one-year low. is this a sign that growth in the real estate market is cooling? why am i asking you guys? why not ask an actual home builder? steven hilton, chairman and ceo, with us in a fox business exclusive on whether he beliefs today's -- believes today's report is a true reflection of what he's seeing on the ground right now. and the markets close at 4 p.m. eastern, but i'm always on call for you. head to foxbusiness.com/oncall, join claman on call. what you get is a recap of the major headlines of the day, ho

nordstrom posted first-quarter revenue and profit that topped analyst estimates.he company relied on e-commerce sales to drive up sales to nearly $3 billion. war and -- warren buffett's berkshire hathaway disclosed its share of verizon. the stake is valued at more than $528 based on today's -- more than $528 million based on today's closing price. >> thanks very much. let's get more insight on jcpenney results and its after-hours stock surge. joining me is craig johnson, the founder and president of customer growth partners. tell us your reaction to today's report from jcpenney. >> we were not surprised by it because we have 16 people across the country in the stores every week, and we saw the increase in traffic. and the fact that the average ticket is moving up, the long, slow rebound that jcpenney is gathering steam, and the company is poised to -- not quite breaking into black ink yet, but gross margins, which had been in the high 20's are now nicely into the 30's, and calm sales of and a off a low bottom nice improvement. >> can you describe the strategy that

week we have earnings reports that could cause individual stocks to buck the trend the way that nordstrom and j.c. penney did today in the wake of their better than expected quarters. we've have more later, but the point is you made good money in part because the etfs had pulled down all retailers, because interest rates were going down. it's crazy! hey, look, it's pretty simple. you get a good quarter look we have with penney and in ordery's, you make some terrific money. with that negative referred pain from the bond market in mind, let's look at how kell with make money next week off of companies that report so maybe we can find the ones that similarly buck the down tripped. this is your game plan. first up, hmm not so hot campbell soup. i think this company is making a real complainback. it looks like companies that are being acquired, think pinnacle foods with that bid from hillshire brands earlier. if it goes down, it will yield 3%, buy buy buy. urban outfitters after the close, this is a quandary for me, two divisions are doing well, but the flagship, a nonstarter. unless it does a

we don't have the big box stores like the macy's or the nordstrom's. the smaller stores are a big draw for the customers who come to the pruneyard. >> reporter: and no matter who owns it next you get the feeling they'll still come around. we reached out to the campbell mayor's office for comment. they, too, say they have been happy with the way the pruneyard has been growing and hope to see more growth in the future even with a possible sale. reporting live in campbell, scott budman. >>> more details on campbell. it has been named one of the fastest grei esest growing city valley. it tops the list with mill pea tass and fostersy and morgan hill. more affordable units and housing is the reason. >>> a cup of coffee could cost one of california's chains hundreds of thousands of dollars, a local attorney has filed a suit against in-n-out burger. a woman claims she was handed a coffee so hot she dropped it in her lap. she claims an employee told her calling 911 would be against company policy. >> there are probably ten lawsuits at any particular day kicking

the dollar stores and the ritzy high end places like tiffany's and nordstrom have been outperforming for months. i look at the action in today's market with target and walmart. wow! needing the retail and giving job creations getting some traction. i think we'll find that friday and we've had some very strong economic readings like the purchaser manager report. i wonder why people are not starting to abandon the dollar stocks. and flocking to the mass merchants that have done nothing of late. i reiterate. out on a limb. i believe target has a lot of room to run. when i can buy a quality retailer of which it still is december participate the breach with the 3% yield and a new ceo coming, maybe new broom sweeps, i would rather own target than i would own dg. wednesday we hear from one of my favorite stocks. this is brown foreman. and i think we'll have one more quarter with jack daniels, tennessee leading the way. too sweet for me but i have to tell you, 50% of the population seems to like it. i want to you own this stock. i think it is chronically underestimated by wall street as is t

for you and it gifts how the garment will fit your body available on 15 retailer sites including nordstrom and lord&ta >> we wanted to see what was there and there is a lot of promise. >> another tool that we, looked at works on apple devices. plug in the size you wear in your favorite brand and the app tolls you the best side in 500 other brands. shoes, shoe fitter helps compare sizes among hundreds of branches and styles. >> it does a scan of shoes and it has a 3-d copy of the shoe to tell you if you wear a size eight in this shoe maybe you need a 7.5 in that shoe. >> as far as jeans, levis has a quiz to fine the best fit easier than fining on multiple pairs in the store. >> and a scanner like those used at airport security takes precise measurements your body and gives you the right size and best fit in dozens of plans. like an instant custom-fitting in personal buyer all in one. i am michael finney with "7 on your side" today. >> all that personal information on your body. >> no more than at the airport. >> true. >> stay tuned. >> what kind of a guy that goes to every city and has sex

that's good for the tiffany, nordstrom, i think it will deliver a good quarter. knocked down by a reality piece. street and cnbc. i know the stock has been heavy. i think it is a buy. home depot, it had a fantastic quarter. and everyone is taking a share from the likes of walmart. we would like to see housing do better and right now the housing stocks, maybe better mortgage rates. but after a prolonged period where housing is cooled, i wonder if lower rates can now start igniting the group. remember when the high flying biotech and softwares were crashing every day and so many people who don't know their history believe the weakness was bound to affect rest of the market? remember that? the 2001 scenario that you heard about enendlessly that we debunked and no one listened to us? remember, what i said caused it. the whole breakdown started when sales force, mark benioff started seeing a hideous direction. then plunged the next day. i was calling that the pu. look at last week. the stock plunged and plunged hard despite reporting truly stellar results. and now it'

nordstrom is up about 10%. i want to call your attention to the other side. michael kors, coach is down bill, but michael kors is up 15%. autozone and o'reilly auto parts, these are the places you go to buy the air filters, motor oil, they're up between 11% and 14% just so far this year. when it comes to retail and consumer discretionary, sue, the idea is this is very much a -- really the definition of a stock picker's market. back over to you. >> excellent, dom. thank you so much. >>> retail's remodeling invest for success is on aural agenda. clearly a lot is happening. courtney reagan has four former ceos. and mark cohen of sears canada. it's an all-start panel. >> that's right. it's really special. says he theys that retail is clear, but the consumer is not. do you believe that? >>> you look at the numbers, and you see the health there you had a -- you had a discretionary income. what's your overview. >> you've seen it already. >> what do you think about weather? >> we've been hearing it a lot about an excuse. >> i think the weather was really that bad sin

. >> kroger, tiffany, nordstrom's looking at luxury and looking at really well lead retailers.all, your favorite? >> i'm looking at changing the way in which we look at success in retail. we have to compartmentalize. we have to look at the channels of distribution and pick the winners out of that three i can't sit there and say to you it's going to be a luxury for all mass volume. it's picking stores or brands like tiffany and michael kors read it's also about picking macy's and target. it's also about picking the value retailers with a off-price real tellers like tjx and ross stores. those are the ones that will win in the weather most concerned about is the teen retailer. there's no discretion a money within the teen market. they are the ones that have taken a huge hit. >> it will take target years to dig out after they spent 110 years on phenomenal florida three and now a decade of seven serious mistakes. liz: too bad because i never have a bad experience there i really am a fan of target as a consumer, but i want to thank both of you. it's great to see you. we will put all

walmart is into the game, closest behind nordstroms and macy's in getting that done. i think we'll see more life there. they're growing that business faster than amazon. >> if you go back and look three years, wal-mart's three years sales growth is 4.1%, double target and quadruple kohl's. >> wal-mart is a large company and it takes a lot to move the need. that's billions and billions of dollars. there is something to be said about what jan's point is the economic strains many consumers are feeling. they did see bumps where you expect to see bumps at easter time in very specific categories. folks aren't freely spending as much as they used to. i took an informal twitter poll and people said, i'm not spending, my debt is too high. i've learned my lesson. >> is wal-mart too big? >> you can't ask that. >> wal-mart is not big enough. they need to absorb everything in the united states down in their category and do it quickly. they need to grow small stores and take it away from dollar stores and own the part of the business that ties in with target. they're about to do bo

earnings reports from tiffany, nordstrom, michael kors, they show the 1%, they are spending. meantime, retailers that cater to the 99%, like staples, dick's sporting goods, jcpenney, they're all having a harder time. call it income inequality in the retail world. >>> mcdonald's on lockdown today. the company shut down its headquarters ahead of its shareholder meeting this morning. protests are expected tied to everything from the unhealthy food to low wages. 110 mcdonald's protesters were arrested yesterday. workers were calling for higher wages. the average wage for a fast-food worker is $9.09. that's less than $2 above the minimum wage and below what many are saying should be the minimum wage in america. even though many workers have at least some college education, fast-food ceos make about 1,000 times that. >>> silicon valley has a new king. san jose has ousted san francisco as the tenth most populous city in america. the census bureau out with new data this morning showing that u.s. cities are still growing faster than the suburbs. that's an interesting trend. most of th

i have to tell you, they spent and nordstrom spent.hese guys recognized we are not going to let amazon come in. i spent a lot of time on the petsmart site last night. it is horrible. go into amazon if you want the nine lives 24 cans for cats, you get a price that you can't believe. and it's amazon prime so it comes. i can't even get prices for what the real units are in petsmart for the dotcom. it's -- it's an abomination. they need to spend money on that. >> wow. >> and amazon, amazon pet food, you breeze through that. breeze. >> like the home shopping network review channel sometimes. >> you bet. by the way, people don't want chinese pet food. >> petco. >> i said yesterday. >> you don't want chinese petted. >> no. >> you want russian gas if you're from china and chinese exports were good but if it's -- i don't think it's pet food. >> stocks are hoping to maintain momentum in part because of the chinese numbers. chinese pmi for may rose to highs. contraction in factory activity but at 49.7 head of estimates people will take anything c