on the list, disney, netflix, nordstrom, and twitter. also coming up, block full of stocks in the blitz. could traders watch american express? tiffany, jcpenney and united health. should you? >>> and two stocks with unusual activity. jon's getting bullish on one and bearish on the other. we're naming names and making trades. this is the "halftime report" with scott wapner.earnest, whic

nordstrom as well. they have the nordstrom rack. there's another play you can look at. but in general, you're right. consumers have shifted the way they spend. >> this is not something new. when we look back and you look at the trump effect. you look back after the election. everything ran. we were all talking about the weak know of department stores. what brick and mortar look like. if you look at amazon, pete started talking about it. february 2, reported earnings. this is one that people will get a discount on. it will get lumped into retail. it will get sold off. there is everything before trump that will still be weak. >> is this true confirmation that there is in fact real problem with department stores? if you got the consumer confidence at a 15-year high, you have all the animal spirits in the markets, and the consumer is still not going to the stores, what more could you ask for with a potential tax cut looming? >> how about the commercials going out. those waiting. what are they waiting for? when you start to look at where people are spending, clearly it looks

macy's and nordstrom have 5% dividend yield.s it time to guy dip in some of these high paying dividend retail stocks? >> i do believe it is the time to buy these stocks. first they are trade specific retail. who wants to be in a mall some people want to shop online. that's why you saw the results for amazon so stellar. when you see at moving out of the christmas season, it picks up again and border tax is the reason a hot of these spooked. that will not be voted on and decide for a while. and to be implemented, another headache on top of it. so i think time to buy. macy's communicated 550 in cost savings. it is a 5% dividends. trading roughly 11 times. to me, i think the times to buy have bought these stocks is when sentiment has been so horrendous. i'm getting e-mails from the street. retailers are trying to final out how bad sentiment is. it is really bad. if you figure out where they were after the last round earnings, i believe after second quarter, things are so bad that they won't to rally 7%. >> you saw nordstrom's what i

nordstrom taking a hit in sympathy.ome of the executives talked to various news outlets overnight. the cfo of macy's, terry lundgren talked to stazzi, the blame goes to online. they say they're grow onlining , but not enough to yuf soffset t slower traffic at retail stores. >> kohl's, big cut in their forecast for full-year eps. that's why the stock is down 15%. coming into the session, we were saying how they have lower inventories. either way they were better positioned than previous holiday quarter. by cut in eps guidance. interesting that it comes out yesterday. amazon on the flip side saying they're about to open another brick-and-mortar store. it's like laughing in the face of other traditional retailers. amazon saying whatever, even if it doesn't make money, we'll do it. a completely different structural difference. >> which goes back to lundgren, the ceo of plamra macy's point, the department store is not dying. they have to have more job cuts, more store closings in places that don't make sense. they're not see

even nordstrom more upscale down 10% taking it on the chin.rk times apps in china, the times website has alreadblocked that. judge andrew napolitano is your. i know where you are coming from. listen to where i am coming from. you can now not read the new york times in china and apple caved to the chinese authorities which said we don't want the new york times here. apple caved. yet it is apple that refused to unlock the terrorist cell phone, terrorist iphone in san bernardino. that is a contradiction. judge napolitano: china has no choice but to cave to the government. here we have a judiciary that scrutinizes the excesses of the ecutive branch and that is what happened and apple was not forced to unlock t iphone. the constitution in this country, we have a written constitution. stuart: so they cave to an authoritarian neo-communist regime. they can do what they like, just to do business there. but they will not cave, they will not unlock a terrorist's iphone which threatens the security of america. judge napolitano: they have the right to rem

macy's, kohl's, nordstroms. within the sector there are individual sfoks are decent.e know that media has done well, disney, s & i. when people don't spoken things, they want to spend on experience. and i want to single out the cruise line carnival. first this. this is ten years. colors are pretty straightforward. it speaks for itself. what we know is that laggard here is carnival cruise. that's pretty bad. ten years? versus the s&p 500 versus the sector in which carn civil a part. so not only has it lagged in equities, it has handgun among its peers by a lot. that's the set-up. meaning i believe this is catching up. how do we know it has the poe toning catch up? guess what is happening recently? the exact opposite. guess who is leading on a six-month basis? carnival cruise. it is crushing the market and its peers. so you have the set-up of, i've lagged. and now i'm coming back. important. relative performance. shown another way. this is chart of the stock. this is the relative performance. this is up absolute. but important. its relative performance to its peers. tha

the lot is right next to the nordstroms. in all, five cars hadir fire officials looking into how this all started. >> we want to get another check on your weather and traffic. we had all those winds overnight and most of the day. >> how are we looking for today? something similar or -- >> the winds have changed, definitely. >> everybody is in red today but me. i was out doing the car show and as a result i didn't get the red memo for today. but i did sit in a beautiful red porsche yesterday. the only thing i didn't care for was the price tag, $151,000. just a bit over my price point. four things you need to know about the forecast for today. there's a chance you'll need to see a snow flake today but you will not need a snow shofvel. we'll have two, maybe three more chances for snow early as sunday night. more about that coming up, but no big snowstorms for us snow lovers. >> we are talking about cooler temperatures this morning and it was really windy yesterday. that helped to bring in the colder air and the colder air is he

on the list, disney, netflix, nordstrom, and twitter. also coming up, block full of stocks in the blitz. could traders watch american express? tiffany, jcpenney and united health. should you? >>> and two stocks with unusual activity. jon's getting bullish on one and bearish on the other. we're naming names and making trades. this is the "halftime report" with scott wapner.earnest, whic speaking on your behalf, is a pretty good name to have. but what struck me most, in addition to his smarts and his maturity and his actual interest in the issues, was his integrity. you know, there are people you meet who you have a pretty good inkling right of the bat are straight shooters and were raised to be fundamentally honest and to treat people with respect. and there are times where that first impression turns out to be wrong and you're a little disappointed and you see behind the curtain that there's spin and some hype, you know, posturing going on. but then there's others who the longer you know them, the better you know them, the more time you

>> macy's calls, nordstrom, some of the stocks we have there. within the sector there are individual stocks that are decent. disney come back to life. but there is phenomenon when they want to spend on experience. i wanted to single out here the cruise line carnival. so first this. this is ten years. again, colors are pretty straightforwa straightforward. what we know is that this is carnival cruise. i mean that's pretty bad. ten years versus the s&p versus the sector in which carnival is a part. it lagged its peers as a discretionary in the market. that's the set up meaning i believe this is catching up but how do we know it has the potential to catch up? guess what's leading on a six month basis? carnival cruise. it's crushing the market. you have the set up of i've lagged and now i'm coming back. relative performance. shown another way this is the chart of the stock. this is relative performance. this is up absolute but important, its relative performance to its peers is positive and improving. the chart itself, how to draw it. i think you co

then they'll be like the other day i was at nordstrom. >> we drove by them on santa monica dlf monicabuddies throw a football and see if we can win one of them back. >> this of them still have it in them. >> you just had a medical procedure, right? sk >> yeah. i had to do something. had to go see a urologist. i dnt knidn't know what to expe. ugliest nurses i've ever seen. why would you want to do a crappy job like this? he said that's the other guy. he said let me explain the procedure. we're going to have to go into your penis with a camera and i said it's going to be a short film. i actually went in for a reduction, but -- well, you don't know what it's likes to go through your whole life without wearing shorts. well, you do. >> it's real, baby. if i was in the pee doctor, he said this will take all night. you know what i'm saying? >> what do you think with racism in america today? >> i thought there was a problem with it but i guess not. you're the >> what's up? >> boy, d do i feel like an ore right now. yeah, i think racism exists but -- and i think it's a problem. i think the pro

>> macy's, kohl's, nordstrom, some of the stocks, but within the sector there are individual stocks thatre decent. we know that media has been acting well, disney has come back to life, cbs, sni, but there is a phenomenon where people don't spend sometimes on things, they want to spend on experience. i wanted to single out here the cruise line carnival. so first this. this is ten years. again, colors are pretty straightforward. it speaks for itself. what we know is, yes, that the lager here is carnival cruise. that's pretty bad. ten years versus the s&p versus the sector in which carnival is a part. not only has it lagged the asset plus equities, it's lagged its, quote, peers as a discretionary stock in the market by a lot. so now that's the setup, meaning i believe this is catching up, but how do we know it has the potential to catch up? because guess what's happening recently? the exact opposite. guess who's leading on a six-month basis? carnival cruise. it's crushing the market and crushing its peers. you have the setup of i've lagged and now i'm coming back. important. relative perfo

dillards and nordstrom here. the manufacturer retailers as well. handbags in particular. macy's blames it some of its shortfall on handbags. we are about 30 minutes away from the end of the first day trading session in europe. check out my lovely gmm. by that column, you would think the euro is up. uncertainty was the buzzword, the takeaway. the uncertainty of donald trump's policies. what is that mean for monetary policy going forward? commodities gaining. gold is in favor today. a lot of data today. let's start with ppi data out of the eurozone unexpectedly returning to the euro area. after three more years, adding to signs cost pressures are building as the 19 nation economy spreads its prices charged. .1% earlier. this increase follows 40 consecutive declines. the data comes after consumer price inflation rose 1% in december, the fastest since 2013. that will reinforce the debate about the appropriate degree of monetary stimulus within the ecb. there is more data on inflation. slipped consumer prices. rate stagnated in december following a reading of -.3% one month ea

what i found was extreme pressure, macy's, kohl's, nordstrom's, all of those stocks up today. is it a flight to crowd in? we can't say that. i think you watch the retail sector of the economy. that's where the market will go. >> i thought that today, this was not a trump dip that i would buy. it is great that the market is only down this much. i think we've run into a little bit of a wall in this rally. i'm kernconcerned about getting the things done. there's a lot of noise this weekend and today, and to me what's concerning is, if he gets tripped up in these things, and there are cracks in the republican party, which there seem to be, it will be really hard for him to get some of the other agenda done. the main part that drives this rally, taxes is a big one. certainly for financials. that is really important. the repatriation -- >> i don't have a problem with taxes. >> he won't be able to get to it until later. that's disconcerting. >> what is shocking for the market is to see someone struggle. >> the next thing after taxes is infrastructure. it will be really hard to get a

. >> that is like that $100, $85 rock nordstrom was having. how much disposable income do you have to have? >> the brush that tells you the condition of your hair. ridiculous. >> tell us the condition of our weather. >> winter weather advisory, this is just issued. thank you for putting it in my show. winter weather advisory until 5:00 a.m. on friday. these are areas that could see 1 to 2 inches of snow. there's a little snow out there right now and we'll continue to see it through the afternoon. the slick spots come after 7:00 tonight and looking dry for tomorrow. 1 to 2 inches of snow north and west around d.c. most likely just a coating, less than an inch. >> thank you. talking about that brush that will tell us how busted our hair is okay. >> we'll be back first at 4: >>> tand by, everyone, we're live in five, four, three, two, one. >> there it is, the red carpet has been rolled out with help. the stallone sisters will be miss golden globes. the carpet is ready, if he is ready the carpet is ready. we're getting ready to do the preshow. are

kohl's, jcpenney, sears, nordstrom, macy's shining brightly. >>> showdown an the nation's capitol.resident obama making a last-ditch effort to salvage what he can of his signature health care law. trump vows to reverse many of obama's key policies. vice president-elect mike pence huddled with republicans earlier to discuss the party's strategy to repeal and replace obamacare. fox business's blake burman standing by on capitol hill with the very latest. hi, there, blake. reporter: hi, lori. you used the term repeal and replace. republicans are talking about that for years. there are two different components. we're getting a little bit of clarity on both today. first on repeal side, fox can confirm through sources when the vice president-elect mike pence came to the capitol and spoke to republicans he told them that the president-elect, donald trump, wants a on his desk by february 20th repeal the affordable care act. that would be one month after taking office. after that, then comes the whole issue about what do you do with replacing it? and the president-elect saying a little whil

. >> what's the difference between nordstrom and macy's. i've been saying this for a while.they're going to have to move much bigger. >> where you going to pick up your handbag? i'm joking but -- >> this is a case where -- 98% of when i buy -- >> you're not buying cosmetics online, amazon has become a logistic company. you buy things there and pick it up there. we're going to have far fewer department stores at the end of 2017 than we have right now. >> still ahead. time warner and at&t taking a hit today on reports that president-elect is still opposed to the mega merger. so with the $85 billion will deal in jep did i what could it mean for the media space. and talk about a buzz kill. we'll hear from the company's ceo when "fast money" returns. y tllititie? coras! o y girls e ' o y girls e es nog,ps us s omng o caldorigh whm o jrye lbuat dmy a omatat ghis str'dn es d in en mch wxa slyheisk s lbuat dmy a omatat ghis str'dn eofit usem.itimil eti to warfa es d in arntres thit k anst sclrs ise etinonital fac ll-man ri e itnf owelelwaom, arntres thit k r ng fople w n't stoping t

now in some 60 boutiques nationwide, and the team has accounts with nordstrom and hallmark. with all that, he and his business partner are overwhelmed by the community support. doorstep. >> reporter: people around town who encourage green candle making, shining the light on a nationwide movement. >> i think that's cool. >> pretty nice project there. >> nice idea. >>> dresser danger. frightening new video of furniture falling and trapping a toddler. the simple solution to make sure this doesn't happen in your home. >>> first, deadly storms sweeping through the southeast. look at the damage left behind from tornadoes. and another check on our lcal foore >>> right now, people are cleaning unfrom powerful and deadly storms down south. one of the worst hit states was alabama. tornadoes touched down there and caused major damage. this is video from the town of rehoboth where four people died. they were inside a mobile home and a tree fell on the home. >>> on top of these tornadoes, for recognition rain and lightning. this is video from another part of alabama. winds whipping aroun

it is, maybe bloom inning taylor sacks fifth avenue, people are optimist being around here since nordstrom at the cherry hill mall still doing pretty women. anyway not doing so well all of these employees at these four local stores, we have the list. >> what used to be known as the echelon mall, now the voorhees town center, 77 jobs going, and as we go across the river, two macy's, in the philly suburbs, up in bensalem, neshaminy mall, 89 jobs lost, then at the plymouth meeting mall, 80 jobs lost. that store opened 50 years ago. and now, shutting down, so this wasn't the only bad news that came out after the stock market shutdown yesterday. we also are showing you sears, we come back here live, another anchor store this sears and the k-mart across the street has as every thanksgiving staying open. locally three k-mart, especially here in south jersey, getting hit. the real mall k-mart outside wildwood, that is shutting down, clementon road, clementon, and the black horse pike, down in pleasantville, just outside atlantic city. so bad news on the retail front, on line shopping, and those hi

stocks like macy's, nordstrom, dollar tree, dollar general. you know what that move means? it says the president's attempt to impose a border tax will fail because these retail stocks have been pummeled ever since trump subtly said maybe we should be taxing imports from overseas. anything that set back trump's broader agenda now has a cohort of stocks that go higher. it's a big change that's certainly worth noting although you have to remember there could be other non-political reasons why those stocks have been coming down. reasons like the endless destruction of bricks and mortar retail by amazon. the fact that a border tax is less likely doesn't suddenly make these not a trump stock buys if they have serious non-political problems. how about the ceos who spoke out against trump? all day people have been asking me do i want to buy shares in a company where the ceo injects him or herself into politics by criticizing the president on an issue that's not necessarily directly tied to their business? this is not an easy call because i can't remember seeing this kind of outcry

there's no question whether it's a nordstroms where they remember your birthday, they remember what you bought, what's happening with your kids. and even smaller stores. not going away. but what's gone on online is amazon has done the same thing. they've figured you out. they understand what the types of things you like. what are the things you might be interested in. but they project to the future. they do almost a smarter version of what you get in these smaller stores, but you don't get the human piece. but wait. it's coming. i think it will be coming. i think with virtual reality, you'll literally be connecting with someone virtually right in front of you. trish: i don't know to be happy about that or just scared. anyway, it is changing as we watch it all unfold. thank you for being here with your perspective. we'll be right back with me when i was too busy with the kids to get a repair estimate. i just snapped a photo and got an estimate in 24 hours. my insurance company definitely doesn't have that... you can leave worry behind when liberty stands with you™ liberty mutual insuranc

kohl's, nordstrom, macy's, one possible reason, donald trump's border tax anxiety as analysts wonderingn the margins will be squeezed. apparel crosses the borders more than just about anything. >>> we are awaiting live pictures of rump's motorcade which do be-- of president trump's motorcade where the president will partake in the ceremonial swearing in of secretary of defense general mattis. here's a picture right now. what is this? okay. what an exciting shot. [laughter] one of the parking lots at the pentagon, of course. again, he's going to meet with the joint chiefs of staff. there's some good parking spaces. you see the green cone? that's for donald trump's car. i'm kidding, i don't know. [laughter] somebody got a good parking space. listen, it's been a very busy day leading up to this for the president as the joint news conference with british prime minister theresa may just wrapped up a short while ago, and you know what you were seeing revealed there? they're more alike than they are different. both rode theaway of anti-establishment voters, today vowing to work together whethe

nordstrom and macy's both moving higher today.pete, you've seen activity. >> activity and dominic chu jumped in and talking about the retailers and how strongly they were today. look at this. underperformers, maybe there's time to move to the upside. upside call buying is what we're seeing. >> tesla narrowly missed 2016 vehicle sales goal. stock was up 4.3%. >> if you want to short it every time they miss a sales number you're going the short it a lot and you will be wrong a lot. because what did they also announce, judge, the gigafactory starting producing those batteries out in nevada. today they made that announcement half an hour into trading. the stock had already made a recovery. now it's screaming higher. back to 227. >> this is what the shorts hate the most about tesla. >> true. >> is that when they do have a shortfall or something's late or whatever, they always have the next thing to come out with and just absolutely destroy the bears. and they're doing it again. >> stocks up almost 4 1/2% today. >>> price line and exped

. >>> as macy's goes, as kohl's goes, nordstrom will do the same. don't own that group.rtment stores, no thanks. >>> 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 money." i'm jim cramer. i will see you tomorrow. bugs... -(theme music playing) -i'll get it. -...scrubbing toilets. -that's it. -it's all in a day's work... -(revs) -...when you're a millionaire. these folks invest in hedge trimmers, not hedge funds. they turn d.i.y. into r.o.i. and thanks to hard work, incredible passion, and a whole lot of mud, sweat, and tears, they've turned their dirty jobs into filthy riches. -smells like money! -tonight, meet a small town roofer who hustled his way to a high net worth. -just, like, awesome. -a landscaper who grew a part-time mowing job into a multi-million dollar lawn care legacy. and an indian immigrant who turned 50 bucks and a dream

sale that nordstrom rack have not been as robust as they once were. >> macy's has been linked to thet they do have bloomingdale's outlets. conceptsseen off-site only at lunch three brands because that is where you wanted the discounts. to see them at the mid tier retailers is new. scarlet: of course, more headlines there. ceo was onble's bloomberg television today saying store business declined across the u.s. retail landscape. -- that seemsthat to be a common problem with these ceos. he was quick to say it is not just a barnes & noble problem. he said, he had been talking to other retail ceos and traffic was weak across the board. he was really at a loss to explain it. he said he thought the election was the problem, he got a bounce back. -- he thought they bounced back. is this a long-term trend, a continuation of people going shopping online? joe: is there any reason to think this is not just what has been going on? >> the trend each holiday is that the traditional brick-and-mortar stores do worse. if we wrap this altogether, are these retailers going to end up like sears where th

nordstr nordstrom, gap, dollar tree.e may belief a wall ticket to the border tax got a little bit higher. >> financials, interesting low, despite the fact the president saying we're going to be doing in big number on dodd frank that it's a disaster on his executive order on regulations and rolling back regulations this morning. financials still underperforming, down more than 1 $. >> big one coming tomorrow. apple with earnings fit, just taking it on the chin today. down more than 13%, down almost two thirds over 12 months. >>> let's get over to water in and "the half." >> guy, thanks so much. welcome to the "halftime report." top trade this hour. market sell-off. dow is in the midst now of its worst decline since october. perhaps on some uncertainty on the president's new policies and future of his agenda. huge week of earnings loom large for investors. let's begin with the stock slide. the s&p 500 has gone 74 days without a 1% decline. it is knocking on the door of that right now. steve, it is in jeopardy. is this poli

he thinks nordstrom is a sweet spot between neiman on the high end and macy's in the middle.ut pressure on saks and lord and taylor. he called that either tj max or ross make a bid for macy's in 2017. >> i think retail will have trouble. the universal theme park numbers. our parent company, big numbers for theme. home sales up. car sales soaring. limited amount of money out there. retail could have a tough holiday season. people are spending money on everything else. i think we hit dow 20,000 tomorrow. >> that's your prediction? >> because i'm not shehere. >> thanks for watching "power lunch." >>> "closing bell" starts right now. >>> yes, hi, everybody. welcome to the "closing bell." i'm kelly evans at the new york stock exchange. >> i'm bill griffeth. busy day. a busy couple of hours coming up. the fight over repealing obamacare heating up on capitol hill today. president obama and vice president-elect mike pence both met with congressional leaders today on that topic. we have details coming up. plus, former aetna ceo ron williams will be here at the new york stock exchange

. >> nordstrom down, but 8% better than macy's. ouch.ming, morgan stanley upgrade them to overweight. boost the target from 23 to 17, 15% upside. regional gaming trends improving and coming to a positive inflection for a few reasons, personal income and consumer confidence are up. also, get this, higher rate will give retirees a little more pocket money to spend at the casino. that's right. >> retirees, gamble. >> positive on boyd gaming. that is "street talk." "power lunch" is back in two. >>> welcome to the second hour of "power lunch." i'm melissa lee along with michelle, tyler and brian. we're all here two hours until the closing bell rings. >>> falling financials, morgan stanley down more than 3%, the sector was the worst performer today. goldman sachs or citi, what will they report tomorrow? >>> donald trump now, but is facebook mark zuckerberg planning a presidential run in the future? >>> and d.c.'s cover-up. a story you've got to hear. >>> let's check out the market movers at this hour, british american tobacco agreeing to pay i

nordstrom is down more than 5%. after hours.john podesta penny down 4% and dillard's more than 3% after hours. those three likely falling in sympathy. >> we'll not get earnings from them for a month or so. do you expect the retailers to tell us what happened during their holiday period? >> we often do get the holiday sales numbers from retailers and it depends if they give us an earnings based on holiday sales. we rarely get the full month but november and december often happens. we have to be on our toes. >> i'm not sure no news is good news this time around. >> yes. >> the stocks down 4% to 6%. you mentioned there may be tweet risk on top of it. >> with the big, splashy job cut announcement from macy's and the president-elect has had an uneasy history with macy's because his goods were excluded now from macy's shelves. >> there was going to be a boycott of macy's from his supporters. >> it's been a fool's game to anticipate exactly where his tweeting interests will go. >> i agree. 7,000 people or so they said they were going t

we downgraded nordstrom to sell after visiting there. it's brick and motor versus online that's challenging. rising costs of doing business. in 80% of store volume, 80% of sales volume is still coming from brick and mortar stores. >> don't buy either with 12% upside on kohl's? >> you know, actually, we dug into the model, you know, right before this, and one interesting statistic on both macy's and kohl's, the dollars are back at 2008 levels. i mean, that's a staggering statistic. >> crisis levels. >> back to recession levels, and m macy's cut in restructuring, the largest cut made since the financial crisis. they take action, but the sales volume perspective, there's -- it's tough out this for the competitive dynamic. >> we know what macy's plans are with respect to store closings and layoffs, but what do expect from the other stores? massive numbers of retail locations shutting down? >> i think macy's is the type of the iceberg. they are getting ahead of the game. you know, it's a forward-looking management team. i think they are makin

i'm concerned saying nordstrom or penney's is different.hey ha it is sephora, we were doing instagram fashion shows -- i could post a picture, but i didn't. people don't walk out the door without makeup. but sophora is not publicly traded. >> also brings to mind this craftsman tool, black & decker brought it up today, talking with santoli upstairs about it, is this sort of the equivalent giving occupy your queen? >> it was a $2 billion deal a year ago. we thought it was going to be $2 billion. you could add it up and say it really does come to $900 million if you add in all the different pieces. it is interesting that eddie lambe lambert's fund just went 500 million -- >> he's put a lot of money into sears. >> yes. >> which keeps bleeding. they are closing more stores. sara the reit that owns those properties or leases those properties to sears is going to take some back. i think it's this summer when be public for a year so any worries about fraudulent conveyance will go away. why do i mention that? well, where's sears going? it's up today

we have a number of other retail names plunging including jcpenney, nordstrom, ross and target.t store weakness to all of retail. the off-price retailers like ross stores, tj maxx and burlington stores are at less risk. the first data saying target is right on track thisis may suggest there's weakness, there could be buying opportunities for the retailers. deserve tolers may be down on the kohl's and macy's weakness. lower. course and coach the weakness was in the accessories business. sees a lack of compelling catalysts for coach. actually beat same-store sales for the month of december, up 3.3%. upversus the estimates of 2.7%. this was driven by rising gas and the fact that this company is executing well. they had a good holiday quarter. david: besides retail, the big news of the day is the drop in the u.s. dollar coming as the fed minutes indicated uncertainty over the future of the u.s. economy. by binkyined now chadha, chief global strategist for deutsche bank. let's start with the dollar and what happened overnight. is this an indication of something to come, that the doll

nordstrom, i know you know those guys, the worst mall traffic since '72.m chilchili's recent see the stay at home factor becoming more of a secular trend. do you think the idea that people are staying at home, doing more things at home is hurting traffic of starbucks? >> no. i don't think starbucks is deeply affected by the seismic change in consumer behavior. now, we called this three years ago. and clearly you can see it in every mall in america. but, no, and the reason is that we are a destination. and i think those retailers and those merchants that understand we have to provide an experience, we have to provide an emotional connection, unlike a department store, unlike the apparel business, starbucks is not going to be affected by the downturn in traffic. which will be significant and have an adverse effect on the overall retail sector. but if you compare our results even though it was lower than our usual standards, it is best of class within restaurant and retail sector. and over time it's going to get better. we've said publicly on the call yesterd

those numbers that you gave -- you can't have those numbers and buy nordstrom stock. >> yeah.ot to mention the fact that those who are going to the mall are visiting about two to three stores per visit as opposed to five stores five years ago. so when you go, it's not like you're walking up and down the place. right? you're going in to see one place and go. >> you know, david doesn't shop much, so right before christmas i went to the mall twice. i went at 10:00 and then went back at 4:00. i just had to do my share because others weren't. >> so you went twice? >> yeah. >> you did a two-a-day. >> i did. two-a-day workouts. >> exactly. i did it on this thing called amazon. i don't know if you heard of it. it's pretty easy. in fact, i just hit like three things -- >> you have to get in your park to do it? >> then it shows up at my house basically by the time i walk from my office to my front area it's there. and i find it very convenient. you might want to try it. >> i think about something and they say if i like that, i should buy this. it's really rather remarkable. look, amazon

i think you'll see the same thing at nordstroms, see something similar at dillards.ng to have some of the companies report this morning. l brands, children's place just reported a better than expected comp. there's a big icr consumer conference monday through wednesday of next week. you're going to have urban outfitters reporting also. so we'll hear a bunch of data points in order to assess the landscape. i think it's more sector specific. i don't think it's the broad brush of retail. >> dana, maybe you need to change your whole business model on what you cover. i mean, the world is moving too fast for me. are department stores just on their way out and everybody is online? maybe you better bone up on your digital operations or something. are you thinking about that? >> i think you have to. you bet i'm thinking about it. it's all different types of companies that are relevant today. and these companies, look at what you have with elf cosmetics. you have to be aware of amazon because it's everybody's major competitor in what they do. look at private companies today th

i mean you weigh you can into a nordstrom comparable pricing some products yet in in order symptoms youfeel different than going to macy's cluttered the web site isn't an experience so one of the things they said you got to look at experience for the customer they definitely do, because, they are not with the times right now. >> part of the problem is that macy's, kohl's came out with -- kind of decent guidance before the holiday season starting based on how sales in october i think. so that is part of the problem, this is a incredible disappointment. >> big disappointment one of the things that happened structurally changed black friday no longer big day it used to be the warning systems ability to for 70, no longer have missed this by a mile mostly when you lose your customer, you are really lost. . >> great insight peter thank you so much coming up more prosecutors transfers president obama race go gitmo before inauguration day, bookworms rejoice in big apple amazon plans to open a bookstore in new york city. ♪ i didn't know i needed you so letting you go was wrong ♪ and baby i know

those companies include wal-mart, target, best buy, macy's even nordstroms, look at shares of amazon.ng 40% over the last year. so that's a stock certainly to watch every day, we might as well. we want to show you pictures from london, guys, travel misery for london commuters. 24-hour strike for underground system has commuters scrambling to get the work. they are forcing transfer of some staff. so today bad day for them, second time this month the transit workers have walked off the job, they did it on january 9th because of the closure of ticket booths. well, from the london to elon musk, the ceo of tesla motors and spacex is close to happening after tweeting a few weeks ago that traffic is driving me nuts, that's what he said, end quote, i'm going to build a tunnel boring machine and start digging. seemed like a joke. musk is tweeting exciting progress in tunnel. maybe he's still joking, we don't know. what kind of vehicle would actually use it. can't put anything past him. questions about the tunnel started last month after he named the project brothering company. it's what we do.

>> i look at biggest losers since the election, macy's, urban, kors, nordstrom, pvh, some not down, just worst performer. you're saying that's not a consumer statement. >> no, that's an amazon statement. that's just a -- >> that's also border tax adjustment. >> yeah. so those don't work. restaurants and retail for the most part not participating in this rally. this is a -- look at the s&p. banks and finance huge really participating. tech really participating. industrial really participating. oil really participating. so you're really looking for outliers. there's just not enough companies not participating to bring this darn thing down. >> and we're in sectors that are smaller weight of the overall index. >> yeah. in the meantime i got valet -- i know that's a foreign company, but you see -- we'll use alcoa. alcoa -- this is alcoa's first quarter the good since alcoa can't wait with harry callus, remember voice of the phillies? >> yes. >> it's been a long time. it's when alcoa was -- when u.s. steel was -- when the family was bigger than u.s. steel. >> right. >> you know what i'm talkin

i have nordstrom and under armour underperforming but were we had some big underperformance related toncluding gamestop and nintendo gamestop is down 8.62, the worst day in two months after disappointing holiday sales. sales were down 16%. the company is saying some of this has to do with industry weakness including the fact that concern -- consumers are buying less physical games and downloading more games and that is hurting the trend. as for nintendo, some of that could be weighing on nintendo but nintendo unveiled a new console. switch and itendo is underwhelming investors with the stock down 6%. we go into the bloomberg and -- take a look. these are retail sales over the last five years and we see that the retail sales are, this is not the chart we were going to pull up so i will toss it back to you. vonnie: all right. i can pull it appear -- up here. a look at some of the biggest business stories in the news. takata has been linked to 17 death worldwide. they admit to wire fraud for misleading regular leaders and will be subject to an independent compliance monitor went on cremat

this has been affecting all of retailers nordstrom down, but this has spread beyond that into specialtys. in thes also weakness banks. the financials are the biggest drag on the s&p 500. wells fargo, j.p. morgan and bank of america -- it does come back to the bond market. the 10 year yield up -- down seven basis points, i should see -- i should say. it was poised for its biggest one-day move since the brexit vote and now, it has moderated to some extent with the dollar showing some weakness has traders looked to be backing away from what they see as increasingly crowded that's in the rates and currencies market. oliver: a brutal screen there with the retailers. to bloombergs get first word news with courtney collins in the newsroom. courtney: top intelligence officials say russia is a major and growing threat to u.s. government, military and diplomatic operations. the national intelligence officials testified today at a senate armed services committee focused on rush upon smuggling in the u.s. election. nsa andthis last year, cyber command have worked extensively with our broader partne