the nordstrom rack comp sales up 8.7%, but the nordstrom full line stores down 2.8%.. we saw that initial reaction higher and then adjustment and now lower. kelly, back over to you. >> to clarify, you said nordstrom kind of own stores down 2%, but the nordstrom rack was up 8.7%? >> that's right. nordstrom rack, both stores and nordstromrack.com component, those comp sales up 8.7%, and then nordstrom full line stores and website down 2.8% for the comp sales. again, you see that consumer really moving towards those outlets, offpricing names in retail. >> that is for sure. courtney, thank you for the time. nordstrom down 2% after hours. >> full line comp basically in line. the rack much better, double expectations. definitely encouraging. if you have an excuse to buy t.j., ross, burlington, this is it, showing where people are going for sure. expectations were higher. all the stocks hit so hard, but because they had a different distribution platform, meaning offprice and regular and spending so much on omni channel and e-commerce, it's a bigger business and people though

nordstrom's had this thing too. nordstrom is an amazing company. really kind of sad conference call because they provide the best service. but it doesn't matter because your cell phone provides better service. >> it does. and your point about being very particular in what it is you want also seems to take away from the overall consent of a department store. >> yes. >> of going somewhere for a lot of your different needs potentially. even, you know, again the guys who -- they were saying that traffic is really not down that much. >> right. >> but people just come to get the one thing from the one store that they want after having researched it or perhaps even bought it on their phone or at least certainly preordered or know what the price going to be. then they leave. >> right. new generation doesn't want to waste any time at the mall. previously you listened to the piano playing in nordstrom. nordstrom, one of the things that bothered me about the call it was about what sold well and merchandise and what was good. we didn't get to shoes until like

penny's, macy's, nordstrom's, get crushed on the disappointed earnings this week. check out the wreckage? j.c. penny's is down 43%. kohl's down. j.c. penny in the early 2000s. now the chair former ceo is speaking out saying the retail picture may not be as bad as wall street thinks alan ran neiman marcus and barney's, he joins us now. allen, it's a pleasure to have you with us. >> hi, how are you all today? >> great. >> we are par veling at the retail space this week. what can you tell us to believe it's not as bad as it seems, allen. >> well, it's all in, we go through these cycles. obviously, this has been a challenging period. it's the internet, the understanding of the millennial customer. it's the off price stores. there's a lot of different things going on here. i think the challenge -- at least from my vantage point. when you have a difficult period of time like this. it's when people come up with the best ideas. i think the department stores, everybody says, are gone. i think some may be gone. i think the challenges for those i think are still strong and th

pete, you dare to own nordstrom stock? >> i do own it. down a little bit right now frankly on this thing. what i like about them, brian, is obviously they got themselves in the off brand side of it with nordstrom rack. >> doesn't that then bastardize their own business? >> probably a little bit but they're also very strong online. when you combine those two, they were one of the early adapters going into the online world and competing there. they have done an excellent job. when you look quarter over quarter, they have seen growth there in their company. so the main story, yes, they have had some problems. but they are talking, not me, those that are upgrading today and raising the price target, they're talking about some of these things. >> should there be a smidge of a potential takeover premium? >> no. i don't know if i'm going there. >> we've seen deals like that. >> if you want that, brian, you go to l brands. the stock is down today. it's a stock on my radar anyway for some sort of private equity or some sort of deal with somebody e

but nordstrom taking the market down again today, and even the a slowdown in its e commerce business. throw in the fact that deutsch bank slapped an out right sell rating on general electric and this whole thing has made us think that the market has qualms about selling by the enterprise and by the individual. i expect the same battle to play out again in next week's earnings score card and you know what it's going to start with? a company called trevago. last week we sat down with the travel behemoth, it's forecast, it's forecast was regarded as downright downbeat and the stocks shot a quick 100 points. so we got to figure out which is right, expedia or price line, why don't question let trivago. tuesday marks the beginning of next week's reports. out starts with the despot, home depot. now in the midst of all the findings about bricks and mortar stores, home depot has been subsequently putting up tremendous numbers. i think home depot is going to be able to tell a pretty darn good story when it reports. you know i always encourage people to buy this stock, but not all at once, but h

nordstrom rack is down 0.9%, although analysts pointing out that nordstrom missed estimates by a smallerargin than competitors. not helping the stocks that today. i want to bring back something yesterday which is the comparable chart in terms of stocks of the changing face of retail. the one line doing well in the past five years is amazon and really outperforming the rest. you have the apparel manufacturers and white and department stores and blue and specialty retail and yellow. breakoutthe story, the that happened with amazon versus the others mid 2015. a quick check on the u.s. dollar as well. bond yields are down in the u.s. and the dollar also really took a hit after that retail sales number came out earlier this morning at 8:30 a.m. with that missing estimates, that is when the dollar turned lower. mark: up by 0.8% and it matters because we need to finish .04% higher or more today to finish up for the week, which would mean we are up for the third week, which would mean it's the best run's january. -- since january. it is better to travel that arrive in the wake of the french elec

maybe nordstrom's the best of the bunch. >> it could be set up for a trade here a.bit of good news is huge. >> you see, karen has a longer time horizon. karen is a diligent investor out looking four or five days out, three days out, two days out. i think you could buy macy's or kohl's. april was a little bit better. that brick and mortar trade could be done, it could be over. for a trade, these are all over and sold. >> i don't know, nordstrom's is going from $40 in the middle of march, it's now $49, it's fought ridiculously expensive, it's not cheap either. they seem to have gotten tear inventories under control the margins were better, can they do it two quarters in a row? i think it will rally in earnings, i think their report is short, nordstrom's, again, that has been the right trade. >> still ahead, should you be following suit? we'll tell you how hot the oracle man is right after the break. i'm melissa lee. >> first in business world wide, in the meantime, here's what else is coming up on "fast." >> commodities are getting crushed. one of them is flashing a s

pricier nordstrom department stores, they are struggling.venue up about 3% year-over-year, coming in 3.8 billion. earnings per share up 2% year-over-year. nordstrom, if they can't make it no one will make it. that is the general consensus, liz. liz: thank you very much. we'll have that as soon as david and melissa get those numbers. >>> high knit worth clients, the wealthy, they are just like us, they demand stocks to be put in their portfolios but sometimes those stocks may not be the right fit for the portfolios. ceo of private wealth services rob bartonstein gets calls from high net worth clients, right? they have always wish-lists. what are they saying to you? >> hi, liz, good to be with you. clients are talking about the relatively low other absolutely low level of volatility in the market, what does that mean? they have questions about that. they have questions about the breadth. is there any sector they need to be invested in and volume and how does the sector fit into their financial plans. it's a broad-based group. liz: you have req

nordstrom after pressure after it reported its numbers. jc penny reports its results and sales from the governmentment we will tell you what to expect. lauren: show me the money, offering incentives to bruise up stores, whether he take a look at that story. nicole: san antonio spurs to close out their series and in baseball the houston astros nail the yankees with final out at home base. we will give you all the sports highlights. lauren: 5:01 in new york, tgif, happy mother's day for sunday, welcome to fbn:am, first look at morning markets, breaking news and what to expect for the day ahead. nicole: breaking news overnight, bilateral trade agreement by china under the agreement that china will open borders to the united states and ending a ban it imposed in 2003 after a case of mad cow disease in exchange the u.s. would allow cooked chinese poultry and would allow to ship liquefy natural gas and trying to return to natural gas as a way to reduce itself from coal. lauren: offer electronic payment services there and the u.s. would facilitat

as for nordstrom, i was confo d confounded by this one.have a 4.6% decline in same store sales. apart because nordstrom itself becomes confused. the discount business seems to have stalled. i nordstroms seems to have lost it's way. unfortunately at a bit of 3.4% earnings. but one that's most intriguing, just in terms of being down and dirty is jcpenney, because it certainly has some strong things going for it. on the same day that amazon was vocal about taking them on and the company's support business remains hot. it's in many more stores that people realize, and wherever it goes, it works. including long lines out the door of the mall. a block long in some of the rural openings, i'm not kidding, they have been opening in these places. the salon business is smoking too. and they still have a lot more stores that they can put supporters in. however ceo marvin ellison started his conference call by saying his stores had disappointing top line reports. the downgrades here seem endless, this stock's truly been kicked to the curb. home depot i

nordstrom it's on its worse today decline since november of 2008. jcpenney is down 10% at a record low. they missed sales by 280 basis points. they can dump 3.5%. a bloomberg intelligent analysts earlier, told me on the phone that they are trying to control sales but they aren't able to do that. consumers are going toward digital and driving traffic isn't working. she thinks that they will benefit by closing stores, we will see what happens. week andg reports next they believe that the walmart report is quite strong. they have a big component that helps traffic. when gas rises, as it is doing now to some degree, it can have an inverse affect on traffic. italy interesting to see whether that plays out or not. of course, we will be reporting on the next week. there is are is that revolution in retail as consumers go toward online, it is pressuring brick-and-mortar. this is g #btv 5825. right near the pink line, that is 2%. segmentse bottom, all of brick and mortar retail at zero or well below. that's including the department stores down for the 1%. th

look at pbh and look what nordstrom has done. game in terms of partnering with smaller online entities. >> is this about people not going to 9 malls like they used to or at least not the top tier malls? >> there's the "a" malls and everything else. you're exactly right. the retail real estate, the best quality and the best locations, occupancy are high and those are doing better than those that are the weaker performers where it isn't as great. >> what about somebody like jcpenney who a lot of times is not in the top tier malls? >> they're closing 130 to 140 stores. they have the categories like sephora, like appliances, that is a driver. and they're going to keep looking at their store base to see, they're still in some very good malls and they're profitable in even some of the lower tier malls. >> this doesn't say anything about the health of the consumer. people are spending their money just not in these department stores. >> yes and categories. we just looked at a chart over the past 40 years, what's going up? health care and

nordstrom is not alone.acy shares dropping 17% during yesterday's regular trading session after quarterly results missed wall street estimates it was the worst day for the shares of macy's since 2008. another snapshot of the retail space this morning. jcpenney posting results before the opening bell. so be sure to keep an eye on that one. >> we'll discuss that with a retail analyst at 5:30. a few key reports on the agenda. april retail sales and cpi will be released at 8:30 a.m. eastern, followed by may consumer sentiment and march business inventories. a pair of fed officials speaking today. charles evans and phillied y fe president patrick harker. over the last month or so, we've seen hard data soften a bit. people concerned that the economy is slowing. ppi a couple days ago fascinating because it was better than expected, quite significantly better than expected if that carries through to cpi that could mark a change in tone of softer performance in the hard data. we'll be looking at cpi and retail sales.

karen, forced to choose is there between nordstrom's and macy's?bly macy's because it is so beaten down, but i own neither. >> i think nordstrom's rallies after earnings, i think there is a 23% shortage, they will cover. it will be a benign quarter. i think the valuation is getting too rich again. >> coming up next the final trades, stay tuned. >>> guy. >> yes, mel. >> what are you doing tomorrow? >> i will be standing at a craps table at the encore hotel in las vegas. >> that's right. we are going to las vegas! me, guy and nathan headed out to the credit suisse contest. we will be with steve w cnn, mark cuban and wayne newton, 5:00 p.m. "fast money" goes to vegas. time for the final trade. >> unbelievable a. great lineup, neighbors, keep an eye on this name. oil has been beating down. nbr is going high. >> i'm hanging on to my foot locker. they will report later next week. that's going to be positive for foot locker. >> grasso. >> vrx, one of my "fast money" march madness, a bullish call. i'm still on the name. >> guy, rangers, disappoint me. grea

today is jcpenney and nordstrom. we had cold and macy's -- macy's and kohl's down in a big way. jcpenney missed by 285 basis points -- 280 basis points to down -- to come down 3.85%. nordstrom missed by 80 basis points and analyst are saying the stock is best in class, but bloomberg intelligence analysts make the point that they could close stores -- jcpenney could close stores. they are trying to control traffic to the stores, but new -- more consumers are shopping online. we have a number of high-profile reports next week faring a little bit better. look at home depot trading higher by half a percent. ticking a look at walmart, target and t.j. maxx, these stocks are trading lower, but our team was told that on walmart they think it will be an ok quarter driven by food and traffic could be helped by gas. we also have target trading lower and she thinks they could be under pressure by traffic and she would be surprised if they make numbers. t.j. maxx down today, but they think that is a bright spot in the retail spac

nordstrom in particular. downs, nordstrom, kohl's after all these department stores miss store sales for the first quarter. for nordstrom, it was the smallest. it really does seem to reflect the shift on the part of consumers toward online away from the brick and mortar. -- and analyst says there is no light at the end of the tunnel. it wasesin class and coal is down 9% on the week. march and april was more encouraging. perhaps it will come through. calling a retail evolution -- revolution. amd,a, electronic arts, they reported very strong quarters. the strength this time is from the data center. beating earnings by 13% they think the guidance there is conservative. bit of a lift from nvidia. and we have matteo renzi saying the turnaround on track. a risk on or risk off week? it is a bit of a risk off week. the s&p 500 down in the wk. the vix down slightly and have been higher. take a look at bonds. the first time that has happened in four weeks. off tone for the week. miss?hat'd you the u.s. economy is showi

nordstrom's was way ahead of the curve.s and tj maxx have got this down to a science. >> it is something that they have to be very careful. they are not expanding as a standalone store. will that pull away share from their full-price shoppers as they get exposed to backstage? >> >> i want to talk to about abercrombie & fitch. you said it wouldn't be such a bad buy if you were looking at it. what are your thoughts on this one? >> that's an example of a retailer that hasn't been relevant since the 1990's, but surprisingly, if you look at the price of where they are at, that stock has come down so much to the point where it might be an attractive asset for someone, mainly because of their hollister stores. teenagers still like hollister. that is growing. the secret fashion a thing right now is people are still shopping at hollister. they are secretly buying jeans from american eagle, and this is what teenagers are doing. how to could figure out buy hollister and do something more creative with the abercrombie assets. scarlet:

>> nordstrom is done -- >> the phillies are going to lose. >> they are?you -- did you do back to the future? >> the phillies will lose anyway. you don't need a weather man to tell you which way the wind will blow. >> he does his work, everybody. he's not just guessing. >> this is what i think will happen. >> he does enormous amounts of work. >> the dow is down 33. let's get to bob pisani. >> a mixed market. good morning, happy thursday, carl. it's nice to see energy back a little bit. believe me after weeks and weeks of lagging and oil at 45 and a lot of worries that it was going to 40 really fast. it's turned around this week. health care, sort of mixed open. kind of disappointing the banks were down because ten year yields moved up a little bit on the headline producer, price index. nice to be a little bit of a inflation, coming back. speaking of inflation, oil. commodities looking a little better. d.o.e. oil inventory -- oil is coming back. what a roller coaster it's been. $54, we go back to $45, then we go back to $54 and then back to $45 or $48. we'r

macy's and kohl's are already predicting that sales will fall this year, while nordstrom believes that thursday, wells fargo usually holds its investor day every other year. but it is holding one for the second year in a row. it's trying to restore shareholder confidence, following its recent accounts scandal. the bank will provide new cost—cutting targets and leaders of the lender's major business units will discuss their outlook. joining us is lawrence gosling, editor—in—chief of investment week. quite a quitea uk quite a uk focus we have got going today. let's start with the bank of england. we are getting a regular inflation reports, a lot of reports on whether there is any hint of an interest rate rise. as ben was saying earlier, virtually no expectation we will get an interest rate rise. it is almost a question of if we will get one before the end of if we will get one before the end of the year. i would say almost certainly not. or the end of next year? even before the brexit negotiations? we will still be here discussing it! we could make a case for not seeing an interest rate

sales down nordstrom. same-store sales, and that stock is down 7% at 42., some market watchers tell us that retail will hit bottom soon. do you think that's going to happen soon? >> no, i don't. i think we've got a long way to go still. i mean, stuart, let's think about retail sales in aggregate. only 10% are done on-line and 90% are bricks and mortar. what does that sector look like when it's 50-50. if we're only just beginning this move, i think we've got a long way to go and i think it's going to get uglier, unfortunately. >> internet retail sales are up 12% year over year and department sales down nearly 4%. this field of dreams, build it they will come attitude with the ghost malls on the rise, they're stopping with the mall stores, macy's cutting back stores and sales numbers look good in the future. >> and that is potentially webben had based sales and department stores down. now, jeff, i've heard many people say that amazon, this is all about amazon. and the stocks about $950 a share, too much for you? >> no, this is all about amazon and amazon, on

. >> we got the attention of people like nordstroms, neiman marcus. it was coming from everywhere.was based on a cool product with a lot of quality. >> they followed up with other fashion industry marketing practices like asking retailers what new styles they wanted for next year. questions that toy sellers don't usually get asked. >> we said what do you like? what are your color themes. they look at us like we are crazy. >> crazy because they don't tweak successful products. >> we were behaving the way we knew. >> what beaver and kim knew is new styles bring buyers back for more. >> we do cheetah prints, peace signs, camo, classic, whatever the customer is looking for. it blew out at retail. >> this led them to another fashion business tactic, the private label or special editions branded in names of retailers like nordstrom, knee mus marcus and others. >> it's a limited amoun you are doing for a special cusmer. because is only in one place or one brand that they could charge a little bit more, which helps my margin as well. >> thanks to private labeling, they ended up in clothing

different venues other than nordstrom itself. that translation from that 80% brick and mortar, which most likely is 70 or 60 longer term, i think they stand to lose more than than almost any other retailer out there during that transition. >> yeah. >> given that the store experience and the service element just can't be replicated online. >> matt boss, number one ranked retail analyst. thank you for coming on. >> thanks for having me. >> courtney will stay on. let's bring in steve former ceo of sacks. pretty bleak picture being painted of department stores. >> department stores it's a tough picture. retail is a good picture. retail is growing 4, 5%. so you've got to see changes going on in the department store sector if they're going to catch up. >> where is most of that growth happening? >> online. >> matt boss did a great job describing. it's not just online. outlets. >> it's category killers. >> off price, ross, burlington, tj maxx. amazon is killing it obviously. so you're seeing that as a growth sector, but take a macy's for

>> i don't think it's over for macy's or nordstrom's. i think these stores have tremendous head winds, still, you mentioned to start the show, home depot, dan has been all over wal-mart for quite some time. these stocks still make sense, people will knock home depot on valuation. maybe 20 times forward earnings, it's getting a little expensive kward to lowes at 16. the world continues to set up well for home depot. they continue to look, few want to play retail, mastercard, vis a sa and the resurgence of american express. >> is the consumer okay though, interest rates are relatively low. could it be we threw out the whole basket of retail stocks because we we heard a couple bad data points? >> it could, i don't think the national night ma iris over yet but we have a lot coming up this week. we have macy's and nordstrom's and j.c. penney and a couple others. i think that for some of them, we're still going to see some head winds there. there is some unique head winds to macy's, because, for example, tourism is down in new york. that's sti

breaking news from nordstrom. earnings per share, it is $.28., 3.3 $5 million. 3.3 3 million -- billion dollars. in unexpected drop. it was a drop of .8%. jumped more than 2% and looking for a drop of more than 1%. >> more than 2.8% after hours, this is the ultimate jump. the stock fell four dollars per share during the trading day. does note seeing here even get it back to where it was in the middle of the day today. we see it is not even holding that much. sales missing even with ultra low expectations going into and we now see stocks have turned red. quarter sales auction -- actually online. a differentiating factor. those sell. >> worse than expected on that front. andocus on retail businesses, perfect timing. we have got the nordstrom numbers. told the wall street journal, .on't count it out >> difficult. you're talking about all the but what youores don't take into account is actually consumer spending is up and people are spending money in different areas. 24% this year. international is up 7%. footwear, wholesaling is up. 27%, household

i've seen it at nordstrom. -patrick: it's everywhere.his is kind of what made our brand super famous. i literally drew it on, like, a piece of paper. i'm like, "we have to make the plane look backwards and do everything in reverse print." lemonis: that is pretty cool. patrick: i'm originally from new york, and then i moved here, to los angeles. lemonis: where in new york? patrick: i'm originally from upstate binghamton. -lemonis: okay. -patrick: which is where we had our family bakery and our family business. and then i -- lemonis: you were a baker? patrick: my dad was. my dad lives in upstate new york. lemonis: and your mom? -patrick: is no longer here. -lemonis: she passed away. patrick: my mom died eight years ago this week, actually. lemonis: oh, man. patrick: when someone is dealt something like that and such a tragedy -- and she was super-young, too -- you can either go super depressed and put your head under the covers, or be like "[bleep] it, life is too short. i'm gonna live my dream and do exactly what i want." so, 10 weeks lat

nordstrom after the close.mp defenses firing of fbi director james comey is a writes a letter. >> he wasn't doing a good job paid very simply, not doing a good job. nicole: will have the very latest. shares of comey under pressure. for earnings to talk about. reaction across the board. the goal is making higher but features down 21. the cd features down to after record close yesterday. nasdaq futures and seven. you arewatching "fbn:am," your first look at morning markets and breaking news. choice hotels.com. four words, badda book. badda boom... let it sink in. shouldn't we say we have the lowest price? nope, badda book. badda boom. have you ever stayed with choice hotels? like at a comfort inn? yep. free waffles, can't go wrong. i like it. promote that guy. get the lowest price on our rooms, guaranteed. when you book direct at choicehotels.com. book now. i'm ambitious. i will not hide it. we will not hide it. we embrace ambition. women are made to be ambitious. i will dream big... big, without hesitation. we w

nordstrom slightly beat the estimates. dillard's comps were in line but still negative.ndividually, department stores shed 11% or more, with macy's leading the way down, down more than 17% in a week. macy's, jcpenney, sears, they're all closing 100 or more stores while still investing in digital offerings. shoppers who do buy online and in store spend typically 50% or more than a shopper to goes through more than one channel. outlets or stores like tj maxx, unique small business retailers and on amazon. carl, over to you. >> courtney, busy day for you. thank you so much, courtney reagan. post 9, joining us, rbc capital markets. wish it were under slightly different circumstances. given everything jcp has been through to say it's the worst price since the ipo in '78 says a lot, brian. >> it does. what the market is saying, these business models are broken. the question is, what will be the order of chapter 11 and chapter 7 filings for a lot of these department stores and so i think looking at enterprise values right now, trading at three, four times and free cash flow yie

i could have shown you kohl's, jcpenney, nordstrom, all charts look the same for this week.isappointidisappoin disappointing easternings report. dow, itself, down for the week as we are today as well. this is the first week over week decline for the industrial average in four weeks, as a matter of fact. ten-year from top to bottom, 242 at the top this week, 233 at the bottom. stuck at this range. ten-year note auction out yesterday. wti a rally on wednesday. it held. we're still well below $50, and some are wondering if that one inventory report wednesday was a one-off situation. >> all above 35, that was the important thing, hoping for the bottom, got it so far. i want to point out, small cap retail etf for you, and investing in the future of retail, small out there, online retailers, up for the year, online retailers, ebays, the amazon, et cetera. xrt, the main retail etf consistenting of the old online retailers, they are down. tough situation. >> down 30 on the close. more on that ransomware hack attack in europe and asia and impact here in the u.s. as well. coming up on

we have big-name department stores, macy's jcpenney, target, nordstrom, all taking pretty significante. jcpenney down 14%. nordstrom down 10% due to couple different things but that underlying sort of what you call it, art world when you can still see when is underneath the actual painting, rise of amazon and online shopping leaving shopping malls and anchor stores boeing out of a business or with a smatter offing people. these images on the screen earning title ghost malls. oppenheimer managing director brian nagel what is really at work here. it can't all be just amazon, is it? >> no. i think amazon is a big piece of it or a piece of it. other factors at play. in my view, i've been talking about for a while, we have a sluggish consumer environment. the consumer is not performing as well as one would expect in the economic cycle. on top of that recently, weather, we don't like to use weather, it sounds like an excuse, weather has been a challenge for retailers in part of 2017. liz: i want to challenge you a bit on consumers. april retail sales up but it missed by.to in2 of a percent.

kohl's, macy's, nordstrom, tomorrow, jcpenney. we'll have a lot to get through there. that's been a weak area in consumer spending. >> the market has been reacting to earnings, so we'll keep an eye on that. >>> counting down to a rate decision from the bank of england. we'll go live to london coming up. >>> as we head out, another check on u.s. futures pointing a bit lower by about 18 points. we're back in a couple minutes. . since i added futures, i have access to the oil markets and gold markets. okay. i'm plugged into equities- trade confirmed- and i have global access 24/7. meaning i can do what i need to do, then i can focus on what i want to do. visit learnfuturestoday.com to see what adding futures can do for you. that's why a cutting edgeworld. university counts on centurylink to keep their global campus connected. and why a pro football team chose us to deliver fiber-enabled broadband to more than 65,000 fans. and why a leading car brand counts on us to keep their dealer network streamlined and nimble. businesses count on communication, and communication count

successful retail like the wood mor town center home of the countyies we goman and soon it will have a nordstrom rack as well. the county economic developers said it's easier said than done. >> we are a wealthy county relative to the united states. relative to the washington, d.c., howard county, fairfax county, are much wealthier. >> reporter: that sacks or neiman marcus in the immediate future. >> i'm from kentucky. which 77,000. there's no excuse why we don't have a ruth's chris. >> things are coming along. >> reporter: while shopping didn't work at the boulevard location, the county is betting that original medical center will. this is where its going to be built and when that happens, county officials are expecting the median income in the lar goe area to jump from 80,000 to 120,000. and they say when that happens higher end retail will find. in largo, i'm tracee wilkins. >> starting next fall virginia will start rolling out a new version of its driver's license and state i.d.s. the change is part of the 2005 real i.d. program that includes stricter and more secure requirements for these ca

nordstrom, j.c. penny. two of today's big losers. plus, another big move for apple. wait until you see these new wall street price targets. the halftime report with scott wapner and the traders is back in two minutes. the power of innovative thinking. the power of 100 of the world's top companies. the power of an etf. the power of qqq. the thinking we put in, clients get out. power your client's portfolio at powershares.com/qqq. before investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containin♪ this information. read it carefully. ♪ i'm dr. kelsey mcneely and some day you might be calling me an energy farmer. ♪ energy lives here. >>> both posting disappointing data. those shares are taking a big hit today. jimmy, jimmy, jimmy. >> i've been looking forward to this. >> almost incredulous. why are you telling people the stay with the stock? >> thank you for asking. i'll tell you why. the stock is being priced for

i did my best with nordstrom.david: retailers are just getting killed all over the place. >>> passengers being dragged off of flights, airplane brawls, the overall sense we're being treated like cattle. you would think it would put a damper on airline travel, you would think. but think again. the results of a surprising new study. melissa: aetna dropping out of obamacare, democrats along with the chief architect of the plan are pointing fingers at republicans. senator chuck grassily will respond to that. david: the president is trying to set the record straight. we're live from the white house with the latest. >> i think this entire episode has shown leadership by the president and it has shown hypocrisy but also the lack of a message the democrats still have. they have no message other than to resist. it's great to finally meet you. your parents have been talking about you for years. they're all about me saving for a house, or starting a college fund for my son. actually, i want to know what you're thinking. know

nordstrom is down over 2%.led rising 19%. -- comp sales rising 19%. jc morgan -- adjusted earnings coming in positive. they returned a positive. but comp sales hit jcpenney than3.5%, five times worse estimated. this is the worst same-store sales fall for the company since 2013. up by one-times of 1%. this stock upgraded to a guy -- tiffany's up by 1/10 of 1%. this stock upgraded to a buy, citing international tourists coming in. but you still have issues with individual stores. david: we just had this conversation with secretary of commerce wilbur ross. he made it clear that the trade deal announce with china last night is just the beginning. sec. ross: we have a lot more issues to deal with the people's republic of china. that wee that the fact got these long-standing aggravations out of the way so quickly augurs well for the relationship pattern going cap -- going forward. joining us now is our chief washington correspondent kevin cirilli. heard services. he focused on services. that is a big target. kevin: a

. >> kohls down 6, nordstrom 7, macy's 8. you can go down the list. >> dillard's 12. >> overall retail sales are up but not at the retailers you named, judge. when we talk about easy comps and tough comps on the show all the time. these guys, macy's, coming off a year ago quarter when the same-store sales were down 6%. now they come out down 5.25% or something like that. this was just a terrifically bad quarter. obviously i and anybody else who had calls into this thing just saw them get flushed. the only good news there is stock's down almost $4. and the options you could only lose what you paid for them, 40 cents or whatever. >> it's a giant slap in the face. >> it is. >> to anybody who thought that retail had bottomed or was close to bottoming. look at these declines today. >> but it doesn't say bad things about the consumer. >> it's just ugly. >> some people are going to want to read through and say -- i'm not saying that's what you're saying. >> i don't think we're doing that. >> overall retail sales are up, but the prob

discretionary factors weighing on the market due to a selloff in big retail stocks like macy's and nordstrom's and the retail sales number that came out at the end of the week. major markets closing mix for the week. meanwhile other major headlines impacting your money president trump fired fbi director james comey this past week. that news dominating the latter part of the week. some investors are worried now that it could delay the administration's economic agenda like tax reform is president trump's new fbi director will need senate approval. former investment banker and centrists emanuel macron handed a defeat to marine le pen to win the french election. he's gone to ignite an economic revival. venezuela continues a massive downward spiral and now may be on the brink of an all-out civil war. rights broke out over the country with close to 40 people dead, seven good we did and 1800 in prison. a report this week that venezuelans have lost an average of 19 pounds over the last year. it simply is not enough food for the people. a mixed bag of earnings results this past week. snap posted a net

dillard's stock was slammed after it reported a decline in quarterly revenue, and a similar story for nordstrom which posted a decline in same store sales, its stock falling in initial afterhours trading. >>> it was a dramatic week in washington topped off by the sudden firing of fbi director james comey by president trump. although the stock market did not react to the surprise move, investors have been following the potential fallout closely. today, in a nbc news exclusive, lester holt asked the president about his decision. >> he's a showboat. he's a grandstander. the fbi has been in turmoil. you know that. i know that. everybody knows that. you take a look at the fbi a year ago, it was in virtual turmoil, less than a year ago. it hasn't recovered from that. >> monday you met with deputy attorney general rod rosenstein. >> right. >> did you ask for a recommendation? >> what i did was, i was going to fire comey, my decision. >> you had made your decision before they came in the room? >> i was going to fire comey. there's no good time to do it, by the way. >> because in your letter you said i

so you'll look to those higher end stores such as nordstrom's, saks, neiman's, once they fix some of the economic issues. >> very interesting. greg portel, thanks for joining us tonight. >> thank you. >>> now to the overall market. all that pain in the israeretai five.t cause s&p 500 gave back 3 1/2. for the week, all three of the averages were lower, albeit slightly. >>> meanwhile in italy, treasury secretary steve mnuchin got down to business with other finances ministers at the g-7 meeting there. he talked about tax reform and trade deals in china. our report is from italy tonight. >> reporter: treasury secretary steven mnuchin called it a productive day of meetings in italy at the g-7 gathering of the world's most powerful economic officials. i asked him how he planned to explain president trump's controversial america first trade policy. here is what he said. >> we're excited about u.s. trade policies. and i think you probably saw last night we made an announcement of 100-day economic plan with the chinese. i think we're very happy with how we're proceeding. >> reporter: that ag

. >> two weeks ago we told you about the muddy jeans on sale at nordstrom.'re going for more than $400. >> neiman-marcus is upping the ante with future destroyed hightop sneakers with rips and holds. bargain price, $1425. >> by the way, the sneakers are not dirt y you're going to have to provide your own sort of marks. this them so there's that. >> pricey. >>> when you think of famous european beach destinations maybe the greek islands and south of france might come to mind, but the west of ireland? not so much. >> maybe that will change now. so back in 1984 storms washed away an entire beach on an island off ireland's county mao but they're back. >> at the moved thousands of tons of sand to re-create the beachweek. is there any warm-up in sight, and how's mothers day weekend looking as of now?? good morning washington i'm larry smith. and i'm autria godfrey. toss to eileen - chilly start; more sun & cool afternoon - dry through midweek (chilly mornings!) - clouds and showers thursday through sunday - unseasonably cool through the weekend breezy. highs: 60-6

i guess maybe you wear them with the nordstrom mud already on them jeans maybe? make a whole outfit? >> make the lavar ball 495 shoes look good. >> that's true. not bad. >>> in sports tonight, the giants, they made some history tonight in cincinnati. it was one nice moment in an ot >>> abc sports brought to you by river rock casino. >> good evening. giants had to wait out a ain delay in cincinnati. it would have been better for matt cain and company if it just kept pouring. oh, great idea to go the game, dad. don't you have the accuweather app? arroyo versus arroyo. they went to the same high school in florida, but 20 years apart because the pitcher is 40 and the kid is 21. giants down 3-1. in the third, suarez knocks in two runs. matt cain, what a disaster, 3 1/3 and tied his career worst start, allowing nine runs. here billy hamilton almost an inside the park homer. hernandez dove and came up with nothing. the reds scored in each of the first six. >> and cruise to victory, 13-3. >>> the a's back home unveiling the holy toledo in honor of the late bill king. and

loser on the s&p but it was just one of a number of retailers that lost sales including coles and nordstrom'sppens as more people are shopping online. >>> the labor department reports that claims for jobs fell by 2,000. last week the government reported the unemployment rate fell to 4.4% last month, its lowest level since 2007. >>> america's largest wireless carrier verizon will by $3.1 billion to buy straight pass communications. they can be used for super fast, next generation, and broad band services. >> back by popular demand, mack & cheese cheetoes are they're made of mack and chief in cheetos shaped sticks that are deep-fried. last summer they were constantly sold out. this comes up may 178th. anne-marie. >> i feel like it's a color we've never seen in nature. >> cheetos orange. >> only in america. >>> still ahead, military hardware comes out of retirement for a new fight. >> i'm chris martinez in sacramento, california, where aircraft once used to fight in wars are being repurposed for a different kind of battle. i'll tell you about their new mission coming up. just head & shoulders? (

was just one of a number of retailers that reported lower sales including kohl's, diller's, and nordstrom'ss happens as more people are shopping online. >>> the labor department reports that claims for jobs fell by 2,000. analysts say it reflects the strength of the job market. last week the government reported the unemployment rate fell to 4.4% last month, its lowest level since 2007. >>> america's largest wireless carrier verizon will pay about $13.1 billion to buy straight path communications. they own various wireless services. they can be used for super fast, next generation and broadband services. >> back by popular demand, mac & cheese cheetos are returning. they're made of mac & cheese in cheetos-shaped sticks that are deep-fried. last summer they were constantly sold out. this is coming may 18th. anne-marie. >> i feel like it's a color we've never seen in nature. >> cheetos orange. >> only in america. >>> still ahead, military hardware comes out of retirement for a new fight. >> reporter: i'm chris martinez in sacramento, california, where aircraft once used to fight wars are being

i guess maybe you wear them with the nordstrom mud already on them jeans maybe?e lavar ball 495 shoes look good. >> that's true. not bad. >>> in sports tonight, the giants, they made some history tonight in cincinnati. it was one nice moment in an yes, the fuel is complimentary for up to three years. yes, it has an epa-estimated range of 312 miles. yes, you will probably have to answer lots of silly questions from strangers. yes, this is a mind-blowing marvel of technology. and, yes, you can buy it today- because the future doesn't start next week, next month or next year... the future starts now. in the hydrogen-fueled toyota mirai. intercourse that's painful due to menopausal changes. it. it's not likely to go away on its own. it took my most honest friend to help me do something about it. she told me premarin vaginal cream can help. it provides estrogens to help rebuild vaginal tissue and make intercourse more comfortable. premarin vaginal cream treats vaginal changes due to menopause and moderate-to-severe painful intercourse caused by these changes. don't us

successful grassroots campaign of people who have said, put pressure on shops, i don't want to walk into nordstrom and see the trump brand. i don'ten watt to have to deal with that while i'm shopping, that's been very successful, there's been a lot of push back, on the other hand, to be honest with you, i look at the business deals these folks are going to be able to do in emerging markets, where there isn't that concern, there's almost a little bit of a kitch or a political value, yeah, we want another trump hotel, why not? i can't imagine it's going to, on a net basis tarnish the brand. >> we talked about the impact he's had so far on big business. let me go the other direction, small business. you are right, there are a lot of working class people who thought he was the answer to the prayer. i'll get to them in a second. small business, is he going to deliver for them? or are they going to regret this? >> so, i mean -- i know growing up in the rural midwest, as you did, a lot of small business people say we are hand strung by regulation, there's a lot of red tape. it costs money. there is some

i guess maybe you wear them with the nordstrom mud already on them jeans maybe? make a whole outfit? >> make the lavar ball 495 shoes look good. >> that's true. not bad. >>> in sports tonight, the giants, they made some history tonight in cincinnati. it was one nice moment in an otherwis >>> abc sports brought to you by river rock casino. >> good evening. giants had to wait out a ain delay in cincinnati. it would have been better for matt cain and company if it just kept pouring. oh, great idea to go the game, dad. don't you have the accuweather app? arroyo versus arroyo. they went to the same high school in florida, but 20 years apart because the pitcher is 40 and the kid is 21. giants down 3-1. in the third, suarez knocks in two runs. matt cain, what a disaster, 3 1/3 and tied his career worst start, allowing nine runs. here billy hamilton almost an inside the park homer. hernandez dove and came up with nothing. the reds scored in each of the first six. >> and cruise to victory, 13-3. >>> the a's back home unveiling the holy toledo in honor of the late bill kin