also shares of nordstrom taking a very big hit in pre-market trading this morning nordstroms did beat on the top and bottom lines that's the good news but here you go. comparable store sales at 0.6% was only half of what analysts were expecting you're looking at that stock now down over 7% in the pre-market this morning >>> we are less than 24 hours away from what is expected to be the most watched news event of

let's flip over to nordstrom, the results out also >> kelly, nordstrom shares slipping down nearly 7% comp store sales. starting from the top, though. revenues $3.56 billion versus estimates of $3.46 billion that's a beat. eps with a beat at .51 cents versus.43. the company reports comp number up .6% against estimates supposed to be up 1.1%, so that's a big miss there, and, obviously, an important metric analysts watch after a strong earnings report from macy's yesterday. back to you. >> thank you nordstrom down 6%. what do you think? >> it was up, you know, a few percent following macy's so i think you had expectations getting ready, a little bit on the comps, probably. >> interesting that macy's looks like the shining light here, right? jcpenney was bad >> look, it's because they moved the timing and friends and family sale in the quarter >> yes even if you adjust for that, it's still 1.7%, that's better than what nordstrom had, and people think nordstrom is more insulated because it's a higher end consumer when, in fact, macy's has the middle consumer and they did better, but it sh

blake nordstrom, co-president of nordstrom, and geevy thomas, president of nordstrom rack, flew to stuis to apologize to the teenagers in person.mekhi said he's not bringing the issue to light for monetary gain, he just wants a better world."i don't want them to fire anyonei want them to teach them and make this a teaching moment and everybody move forward and get better," he said. (vicki) that was roche madden reporting. nordstrom released a statement saying the company is conducting a thorough internal investigation of the incident and working to enhance training for employees. (grant) take a look at this... two people drive a truck through a convenience store... and steal an a-t-m. you can see a black truck backing into the building...this is near austin, texas. the truck knocks down the wall along with the a-t-m... and runs over shelves of merchandise. one person hops out and drags the a-t-m into the bed of the truck, then drives off. the criminals were in and out in less than a minute. (grant) next at 5:30... a mother is pleading with lawmakers to do something about a dangerous p

we've got two big after hours movers, nordstrom and applied materials. hear the music it's time for earnings whip. we have aditi roy and josh lip ton. aditi, let's kick it off with you. >> reporter: hi, melissa shares of nordstrom down more than 6.5% after a big miss on comp store sales the q1 comp store sales were up .6% that's missing analyst expectations of plus 1.1%. the company's net sales increased 5.8% which they partly attributed to moving a loyalty rewards event into the first quarter this year. nordstrom also increased its digitally enabled sales by 18% the company's cfo ann braman talked about the strategic focus this year. >> as we shared in last quarter's call, we expect 2018 to be an inflection point based on the following drivers we've made generational investments in canada and manhattan and through our acquisitions of coke look and trump club we anticipate operating improvements as these businesses scale. we're also benefitting from productivity gains as a result of foundational investments in our capabilities >> reporter: some other not

how about nordstrom? this is a high-end department store chain with a strong balance street the company executed poorly. the stock plunged from $51 to $45 last friday. i think this was a highly emotional session where panic was everywhere in the name nordstrom did screw up, i would argue the stock is more broken than the business. the managers are good fluff to fix it it's always possible that the nordstrom family wanted to buy the whole company for 50 bucks will come back and bid for it now that the stock is down more than 8%. that's a stretch i know i'm putting it out there those are what broken stocks look like. how about broken companies how do you know what to avoid? this morning, ceo of j kjcpenney resigned he was heralded as who the company needed turns out, he was not what the company needed it decked a battered stock it sent it down 6% that's awful do we buy? i submit the answer is no. i think it is indeed a broken company. what makes me say that i looked at where their bonds were trading bond bu

wrongly accused of stealing inside a nordstrom rack.three black teens are speaking out about what happened. ( ken ) new at eight... a case of alleged racial profiling in missouri is making national headlines.(pam) three black teenagers say, they were shopping at a clothing store, when they were wrongly accused of stealing. the teens say they noticed employees of the nordstrom rack... were following them around the store... while they shopped last week. when they left the store, they say, police surrounded them in the parking lot accusing them of theft. after an investigation, police let all three go.. with no charges.eric rogers ii: "the police we're actually good. they understood where we were coming from and they showed us that they were just doing their job."dirone taylor: "i knew it was coming but at the same time i was feeling embarrassed, agitated, mixed emotions with the whole situation because i knew that we didn't deserve it." the president of nordstrom rack flew to missouri to apologize to the teens in person. in a statement,

not nordstrom rack.ow where are those kids supposed to get last season's irregular michael kors polo shirt in xxx-l? ( laughter ) apparently, the three friends "noticed store employees closely eyeing them and following them through the aisles." so now you know what it takes to get customer service at nordstrom rack. if i go in there, it's like "hello! does anybody work here? i've got two armloads of nightgowns!" ( piano riff ) ( laughter ) and on top of being followed, one of the men took off his hat to try on a shirt, then, when they left, he realized he left his hat in the store. but when they went back to get it, they were approached by an elderly white woman" who referred to them as "a bunch of bums," and asked, "would your parents and grandparents be proud of what you're doing?" to which they said, "shopping at nordstrom rack? probably not." ( laughter ) ( piano riff ) ( applause ) worth the walk. worth the walk. and this may shock you, but there's just a tiny bit more racism in america. at duke uni

is a lower reserve nordstrom has a new store in manhattan. the nordstrom tried to take this company private at $50 a share i feel they may feel confident about the chains long-term process. applied materials, each time it reports late, there is always some issue with its clients. the semis are finally acting well so i bet applied materials can rally on a better than expected quarter. deer and campbell soups. farmers around the world with flush on cash. campbell's, beaten down entire market the food group its older products are what defines the business and it defines it negatively. i hope they put themselves up for sale i doubt that will happen though while we have seen a bunch of downgrades, i think courtesy of tax reform could result in surprises. we might have what we need for yet another bullish backdrop as long as there is no sudden disruptions all of our world trade talks that are going on right now. shaun in california. >> caller: happy friday booyah the stock in question is control 4. i am up about 14% since then and my question is wh

severalver the last quarters, it has been lumpy for nordstrom relative to same-store sales. the number -- company private and hurting them in the first quarter was colder weather. customers also going online. much of their business is women's apparel and shoes. they need to see a resurgence for sales to hopefully renew. vonnie: abigail doolittle, thank you. coming up, more of my conversation with the general. we get thoughts on iran and north korea next. this is north -- this is bloomberg. ♪ vonnie: let's get back to my conversation with nato secretary jens stoltenberg. geopolitical tensions with iran and north korea here in >> north korea -- full support from all nato allies. they wanted peaceful negotiated solution. the goal is to denuclearize north korea. to stop the development of nuclear weapons of north korea and stop the ballistic missile program. that is important for all of us. missiles from north korea can reach the united states here in on iran -- united states. iran, there are differences states has united withdrawn from the iran deal. we all agree that it is imp

nordstrom topped earnings expectations but that wasn't enough fores irs who sent the stock lower. shares sent it up to $51.97. ortedly s fargo r altered documents about its business customers. according to "the wall street journar the impro activity took place in 2017 and into early this year c thnges were made without customers' knowledge. the bank is investigating the matter and has reported the issue to regulators. stk fell 1.5% to $54.22. >>> world wrestlingrt ennment is reportedly shopping its "smackdown" franchise. they may move one of the shows when itserent network current contract with the u.s.a. network expires. investors clearly expeche price tag to be high. the news sent the stock up by 15 to a record $50.31. >>> and dillard's reported better than expected earnings, strong sales of furniture, lady's accessories and 's childr apparel helped offset weakness in men's apparel and shoes. they attributed its result in part to the sharp economy. the stock was up 6% to $76.53. >>> meanwhile, kroger is forming an alliance with okada. kroger hopes the deal will give it a bigger

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nordstrom with an eight cent beat up .6.bout half of what we were looking for. >> macy's the couple of days before it maybe got people excited [ applause ] >> the opening bell. >> hiv aids prevention care and advocacy mark the annual aids walk in new york this sunday so keep your eye on campbell's soup as we said, 70 cents does beat by a dime they lower their guide for a year denise morrisson retires effectively immediately. the strategic review, i'm told now, guys, with the departure s&p now has 23 female ceos 4.6% of the s&p. >> wow. >> she was one of the more high profile ones. >> absolutely. from an earlier class, to over six years i can remember in the '90s people wanted campbell's soup. >> right. >> they have a decent amount of control in the representation. >> yeah. terrorist in doubt about it. it's interesting to see what the intriguic review might entail. there are discreet business lines. there's soups, snacks, other stuff. as i said before, it's like $11 billion market value now there is some debt it's not as they

nordstrom stock regained nearly four of those points it fell for the wrong reasons. what a colossal buying tune for those how can resist the pang. the problem is, almost no one can. it's just such an emotional and silly market now look, the same thing happened with cole's remember we visited coal's recently, we got coal's cash i but a a lot of gold toe socks. i got a lot of good nike clothes too i work out in them they reported a dramatic upside surprise so huge it sent the stock from 64 to 69 then management stripped on a one time pop to its same store sales because of a friends and family sale. if you backed out that special time same store sales were at the low end of expectations. in response the stock went from 69 to 60 nine points. it's back to where it started at 64 and change of it's like the quarter was a none each. which it was traders let their emotions rule and once again it closed at the low of the session because of the way i described how brokers work in order to be able to knock the stock down at the end of the day to say look i did better than the cl

. >> why isn't this, like, nordstroms well nordstrom, i like to call the family wanted to do a buy outnd a special committee said no the price was too low why don't they do that why all out war? >> they have two special committees in that case, it was one company that is controlled and it was the family trying to buy it. in this case, it's two companies that are controlled by the same shareholder. so you're not even have a change of control and so it's a different situation. they do have special committees. jim, they've been trying to get to a deal as we reported many times, they made some progress on the economics cbs felt that viacom -- viacom was particularly optimistic in many of the projections over time and was not willing to pay a number that the viacom special committee thought was reasonable but the key problem has been what they would do in terms of management redstone had been willing, it would seem, to accept bob backish as number two, she said, in making clear she wanted, at least on the board moonves made it clear he wants no part of mr. backish in any way, shape, or form

concession to a condition that you'll discover things that i would like to say that after the launch of nordstrom to the transit of russian gas to ukraine it's not going to be suspended richard but i would like to emphasize that the deliveries will continue if they prove to be economically justified which is going to change that you. didn't say what would happen if sending gas three crane should not provide any more especially once not stream to is built so despite the progress made on the pipelines problems may not be over yet. the diesel emissions a scandal continues this time it's luxury brand porsche that last eight at the small german chancellor ministry is one of the comic if you recall around sixty thousand calls around the world order to discover a legal cheat devices in the diesel powered s. in the models the cayenne and mechanic these make emissions seem relatively low under test conditions yet they could be significantly higher out on the road or she says it will take full responsibility to fix effective vehicles. masters of may is somewhat of a modern day except the cash that foreigne

nordstrom is way down, nearly 10% lower. their sales fell short.lf year low for that stock. not a very rosy forecast. the chief executive retired and it's down 11%. packaged food company, the rest of them down on that news. it's all fresh these days. this is what president john said about the possibility of a military space force. roll tape. >> we are actually thinking of a sixth and that would be the space force or does that make sense? you probably haven't even heard that but i'm just telling you know, this is perhaps, were getting very big in space while it's militarily and for other reasons and we are seriously thinking of the space force. >> you think he surprised his audience. colorado congressman is with us. you have been proposing this for many, many years. what would a space force do? >> we need to make sure space acquisitions are expedited where they go faster and go cheaper. the intelligence community already is doing that what is space acquisition. >> that's buying the satellites exquisite billion dollar plus platforms that do a great j

durations involved how does this go along with german government officials numerous statements that nordstrom to. commercial project yet it does not go along with that it does it does not and do not know what the german government. legally instrument to stop that and i don't think so so this was a political pull to do political statement in my view it would be wise to do as i have said to find the balance aleutian which also takes into account the interests of ukraine and of ukraine and poland but to is as you have said for economic economically absolutely important for germany and to test if you are so why is no extreme to so dangerous in brussels i mean the germans are pragmatic people they wouldn't sign up for something if it were really strategically dangerous is it more infrastructure always a good thing. you know what. and position. tough position against most most. complaining complaining a lot and some other countries as well. the same situation the ports feel. that he. made. a mistake one should have to try to have to have to pull out but that is spilt milk no again the best solution

shopping at a nordstrom. should be pretty uneventful experiences.ur next guest says it is what happens to some african-americans during these ordinary experiences which is why being black in america is hard. >>> everyone is trying to figure out president trump's playbook. look closely at what the ayatollah khamenei is reading here. michael wolfe's "fire & fury." the story behind this photo. what is an act of mutuality? for a single mother, it's preparing her daughters for the curveballs life throws. ♪ and it's guarding a family weekend- letting calls go to voicemail. ♪ it's planning so by the time this little guy's ready for college, she will be too. ♪ and it's sharing this retirement, with those who make life worth living. ♪ every way we look out for those we love is an act of mutuality. we can help with the financial ones. learn more or find an advisor at massmutual.com the dual adjustability of the sleep number bed allows each of you to adjust to your ideal level of firmness, comfort and support your sleep number setting... for your best... sleep

and cold weather crippling another big retailer, shares of nordstrom on track for their worst today in more than a year. currently the second worst performer in the s&p right behind campbell's soup. the luxury department store missed same-store sales estimates yesterday, first quarter a tough day for nordstrom. now, in just the last hour -- in fact, it was just about 20 minutes ago, you maybe saw it on trish's show -- national economic council director larry kudlow spoke to trish regan. he seemed very optimistic about the u.s./china trade talks, but we're talking about whipsaudi proposal city. who should we believe? we're coming right back with that and much more. stay tuned. hold on dad... liberty did what? yeah, liberty mutual 24-hour roadside assistance helped him to fix his flat so he could get home safely. my dad says our insurance doesn't have that. don't worry - i know what a lug wrench is, dad. is this a lug wrench? maybe? you can leave worry behind when liberty stands with you™. liberty stands with you™. liberty mutual insurance. ♪ with expedia you could book a flight, hotel,

durations involved how does this go along with german government officials numerous statements that nordstrom to. commercial project you know it does not go along with that it does it does not. do not know what the german government. legally instrument to stop that and i don't think so so this was a political pull to do political statement in my view it would be wise to do as i have said to find the balance aleutian which also takes into account the interests of ukraine and of ukraine and poland but to is as you have said for economic economically absolutely important for germany and to the us to fuel up so why is no what stream two so dangerous in brussels i mean the germans are problematic people they wouldn't sign up for something if it were really strategically dangerous is it more infrastructure always a good thing. you know what. and your position. tough position against most most of. the. complaining complaining a lot and some other countries as well. have the sim situation. feel. by posture here. that he. made. a mistake one should have to try to have to have to pull out but that is s

. >> 16th, both international baggage claim, may 17th, the nordstrom store, 3 to 6 p.m., may 18, montgomery circuit court on rockville. health investigators say the man infected with measles may have crossed paths with many people before he wasdiagnosed. >> it's really daunting when you think about the number of peoplt ay have been exposed to him and add to that how highly ontagious measles is. >>icials say most people the man encountered likely had immunity to measles because they were vaccinated or if born before 1947 had childhood exposure but there are some who may still be risk. >> if not sure, you can have a titer done and do a blood test to see if you have immunity. >> there was surprise at the >> i'm not ars paranoid . hearing that i probably wouldn't wanted to be hereight after that happened. >> reporter: it's important to note if you feel you have been exposed to the measles, call your doctor, call the hospital, a clinic before you walk in there because you could potentially put other people at risk.in gaithersburg, jackie bens, news 4. ver, mptoms include cough, runny nose, water

nordstrom rack, apologizing after accusing black teens of shoplifting while they were shopping for prom. in colorado two native american brothers touring a college, stopped by police. >> do you have anything in your pockets? >> reporter: a parent on the tour told police the two made her nervous. like at yale, things ended peacefully. all these encounters raising troubling questions about assumptions and bias. ron allen, nbc news. >>> now across america and the urban makeover that is pittsburgh. the city is riding a wave of change and gentrification. its riverfronts, which at one time were lined with smoke steel mills are now lined with tech based companies turning out new jobs but with growth is growing pains including how to make sure no one is left behind. the steel city forging a future in tech with google and uber moving in and pittsburgh's bid in for amazon's next headquarters, the local economy is on the rise. and startups like duo language, the no-charge foreign language app have taken notice. >> the city is on an upswing so we're having a relatively easy time hiring people from

corona premier. >>> welcome back as we digest nordstrom, there is a plot more in terms of retail earningst, lowe's, best buy what are you watching? >> honestly, it's the week before memorial day coming up. it feels a little summery today in terms of the pace of trading -- >> yeah, not the weather >> no, not the weather in terms of the pace of trading. what would your jolt be? >> jolt? president trump gets two thumbs up, spoke with president xi -- >> it's a little premature >> i thought it was may 22nd >> no, i think it's june 12. i take your point. there is a lot more than retail earnings >>> evan newmark, mike santilly. "fast money" starts right now. >>> new york city overlooking times square tonight on "fast," it was the wrong consensus. falling short of expectations of the greatest bulls and one was none other than tom lee. what does he think will happen next tom will be here to tell us what >>> plus, it is rare that an earnings report causes a battle at the white

nordstrom was upgraded from buy to hold from deutsche bank. they cite the stock's valuation and they expect to gain traction throughout the year. the price target is . shares rose 4% to $47.62 >>> shake shack was downgraded from neutral to buy at long bow research. the analyst cites the 60% run up stock in the past six months and now is the time to stop buying shake shack shares. the firm is telling clients to wait for a pull back before getting back in. the stock fell just a fraction to $57.89. >>> analysts are at odds over celgene. the analysts say the stock's valuation is too cheap to ignore. set the price target at $102. another analyst though disagrees. arg g argus research downgraded celgene from hold to buy. the risks outweigh the rewards given the medication revlemed. theplit call hadcelgene shares higher by more than 1% lotoday. itd at $77.67. >>> stilld, ah real estate goes high tech. diana, what's coming up? >> reporter: hold on, let me ask. ala, what's next? >> diana, coming up on "nightly business report," a story about how amazon

there are also the earnings of two department store chains, nordstrom and jcpenney.round the world, both companies had been struggling as of late, so investors will be keen to see any good news is suggesting that american shoppers are once more returning to their stores. joining us is trevor greetham from royal london asset management. what is catching your eye in the markets at the moment? you have seen a lot of stock market volatility so far this year and what we are beginning to see are signs that global growth is coming off the boil. 2017 was a strong, synchronise your with europe catching up with america and now europe is slowing down a bit and the uk had the worst gdp quarter in five or six years and the markets are very sensitive to that. the us is doing well. yes, retail sales were very strong and they had tax cuts lately. as a result, people expect the federal reserve to press on with interest rate rises this year, where is elsewhere they are getting cold feet. we missed it in this country. the chinese bank has a quantitive easing policy which means the doll

nordstrom rack apologizing after accusing three black teens of shoplifting while they were shopping for prom. in colorado, two native-american brothers touring a college stopped by police. >> do you have anything in your pockets? >> reporter: a parent on the tour told police the two made her nervous. like at yale, things ended peacefully, but all these encounters raising troubling questions about assumptions and bias. ron allen, nbc news. >>> two men are under arrest in oklahoma after a close call collision. police dash cam video shows one man escaping the vehicle just moments before the train plows right into it. here it is coming right there. no one was hurt. officers say one of the men had called 911 to report their car was stuck on the tracks, saying he could hear a train in thedy tans. when officers arrived on scene, they notice the something was off. both men admitted to drinking before getting in the car. they were arrested for public intoxication. one was arrested for possession of marijuana. >>> flood warnings are expanding near missoula, montana. up to 1,300 homes could be thr

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they did everything before the project to be fair the germans rule the south stream so they can get nordstrom. energy and all of you are getting screwed and so there are estimates that the jurors are gentlemen to have the judgment run out of time in a many thanks and i guess here in moscow and in cyprus this is the end of our broadcast segment stay with us with the extended version on our you tube channel see you next time and remember crosstalk rules. fifty years ago britain and within to come together as a sleeping pill does this is what i mean because this is. the sort of things what terrible but not on. the board will be here not. across europe victims astonishing legal battles demanding at least some compensation in something in two ways first will the physical damage itself as well as the constant mind that the people who take this call it has never been able to justice and there's been a couple. what holds us and stoop to something to. put themselves on the on the big get accepted or rejected. so when you want to be president or injury. or somehow want to preserve. it's a right to be f

they don't see bulgaria anymore here's a map and this is turkish dream and this is the way it works nordstrom we've talked about that there is a deal with germany and russia russia has partners close to completing that turkish stream pipeline they're almost done this is going to facilitate countries like serbia hungary creation italy and of course guess what ball garia now the question is where is this pipeline going to enter europe from turkey is it to go down through greece or is it going to go through ball garia so well gary it might be getting a second chance here and this is what you were talking about this just before the commercial break the fact that you know they might be in luck because they might be able to sign a deal with russia to get that pipeline built through bald area but anyway you turn it turkey's going to be in control of this it runs through turkey they could have had it their way a while back but that's not the way it's going to happen now and to build another pipeline next to that you can't really think that that's going to happen in the foreseeable future turkish stre

nordstrom with same-store sales up -- up 6/10 1% versus 1% and was predicted, even though overall salesnd profit beat estimates which are still down , thend applied materials semiconductor equipment company coming out with a forecast for sales low estimates. -- below estimates. soup weighing on the other package through the makers. -- packaged food makers. some buyers coming back into the treasury market, that has sent yields down after a five-day climb in the yields, still 3%. the dollar is rising today, continuing the upward trend, gaining a quarter of 1%. shery: thank you. u.s. trade representative robert lighthizer says the u.s., canada, and mexico are nowhere near a deal to renegotiate nafta. china in the meantime is pushing back on reports from -- to reduce its annual trade surplus with the u.s. by $200 billion. we are joined by republican congressman erik paulsen from minnesota, chairman of the joint economic committee and member of the house ways and means committee subcommittee. he joins us from capitol hill. let's start with china. the $200 billion figure making headlines. exp

bulgaria anymore here's a map and this is turkish dream and this is the way it works nordstrom we've talked about that there is a deal with germany and russia russia has partners close to completing that turkish stream pipeline there almost done this is going to facilitate countries like serbia hungary creation italy and of course guess what paul gary and now the question is where is this pipeline going to enter europe from turkey is it to go down through greece or is it going to go through ball garia so well gary it might be getting a second chance here and this is what you were talking about just before the commercial break the fact that you know they might be in luck because they might be able to sign a deal with russia to get that pipeline built through bald area but anyway you turn it turkey's going to be in control of this it runs through turkey they could have had it their way a while back but that's not the way it's going to happen now and to build another pipeline next to that we can't really think that that's going to happen in the foreseeable future turkish stream is a rea

nordstrom down 9.8%, same-store sales came in less than expected. investors are not liking that. putting up a strong quarter earlier this week, nordstrom and jcpenney suggesting that the department store term has not happened on a secular basis. let's take more into the chips. it is a tell on the economy and for the broader major averages. thisan do this -- view chart in the bloomberg. it is a one year chart in the stock. a beautiful uptrend last year, but on the choppiness this year, we have that up trend starting to break, showing the buyers are weakening and the sellers are taking control. if the pattern comes back down to the blue line, it is a classic multiple head and shoulders pattern, telling us that those who bought well are looking to sell to those buying less well. it could produce a big move down if it goesn 20% below the lows in blue. something to keep an eye on, as the chips tend to lead. let's end on a bright spot. the russell 2000. this is an intraday board, but on the week, the russell 2000's of more than 1%. some of the big daters on the week, all the stocks of

nordstrom, the department stores in the s&p 500 are having their worst day in about a year and a half. mark: thanks. nestle getting age-old. the swiss food giant will spend $7 billion for the right to market starbucks products. deal johnson calls the historic, while mark schneider says it is a great day for coffee lovers. shares of air france are in freefall, down the most in 16 years. the government warning via airline -- warning the airline will disappear if labor sites continue. let's talk about this nestle-starbucks deal. tell us about the mechanics. what does nestle actually get for its money? >> it is almost easier to say what nestle does not get. they do not get physical assets, they do not get a stake in starbucks. what they do get is the right to distribute starbucks coffee around supermarkets and wholesale. massive global reach. they can push the starbucks product through these supermarkets and other outlets. it is an asset they did not really have. nestle is well known for nespresso pods and nescafe, but they did not have the beans. theiris a return from consumer back to ro

jcpenney and nordstrom are off the highs closer to the open and both of these companies report tomorrow. it will be interesting to say if it's a secular story for department stores. some outperformance for chip stocks, up 1%, being helped byamd as susquehanna upgrades shares to a neutral from negative citing a solid first-quarter. higher ass trading it's been to close that there was a 2.1% stake in the company and macron is up 3.5 percent as rbc has launched additional coverage saying that even if the memory cycle of going into a downturn, they see upside despite that has ability of a trough. the big driver this week has are noting rates which happening now. the 10 year yield is down slightly. rallying ever so slightly for the third time in 12 sessions because yields have been rising to such a degree in that's causing the volatility for stocks. today, not a lot happening across asset classes which explains what we have those small gains for stocks. we are struggling for direction. 600 has been stoxx flip-flopping this week, struggling to gain traction after seven weeks of gains in europ

they paid a price today, after the close initial reaction and applied material and north nordstrom suggest dumping these stocks. i suspect money will free out of those names to high-flying tech names like amazon and nvidia. stock of the day, probably tale of the day, bowying -- boeing, rallying nicely from that trade downshift we saw, if there is a trade deal with china, make sure to look for the market to move higher. some say it bigger than watergate, president trump said that possible, unverified report a possible fbi spy working in his presidential campaign, these details next. it's easy to think that all money managers are pretty much the same. but while some push high commission investment products, fisher investments avoids them. some advisers have hidden and layered fees. fisher investments never does. and while some advisers are happy to earn commissions from you whether you do well or not, fisher investments fees are structured so we do better when you do better. maybe that's why most of our clients come from other money managers. fisher investments. clearly better money manageme

whether it's starbucks, shopping at nordstrom rack after the prom, barbecuing, all of it. is it getting worse or is it just this tool, cellphone videos that we're seeing it more? >> it's not getting any worse. i'm sorry, it's not getting any worse. it's the same thing all the time. for years being black has meant degradation, lack of access to public space. the only difference before is now we have surveillance. we have people that get kicked out of stores and followed around stores all the time. >> and there's this reaction just to piggyback off of what mark is saying, there's almost a reaction from white america like how could this be. and meanwhile we're like this is what's it's been. so there's a dichotomy between black and white america in just the receiving of the facts again. >> so we repeated the incident in north carolina of this man being choked and we'll put it up, by an officer at a waffle house. bernie king tweeted out today to boycott waffle house, it should be boycotted, the whole chain for involving the black patrons there. waffle house says it will reach o

nordstrom's was hammered to go for all the s&p retail has been on fire.hear from a whole lot of retailers including t.j. maxx coals targets tiffany specify and the gap so let's find out where we are. want to bring in the president of ihc wealth management. we broke out and we broke the series of highs. we came off the moving average reversal. earnings for the most part it been pretty good that we are back in the sideways movement for the market. what do you make of that? >> we have been sideways for a while and a while longer and a while longer after that. if the market returned to resolve last year because we are expecting global growth and because we are expecting a tax bill there's not another tax bill coming this year but let's not get hung up on an china relate suspected 2070 drpk 2,000,007 people were buying 5 houses on the credit and no income. that's not what's going on right now. he should be happy that our economy's is doing well in wages are going up a little bit. inflationary flow months from now we'll probably go up a little as well but earni

i think nordstrom is going to be fine and most of the rest rev tailing that looks like them is not going think we're going to see a lot of attrition in apparel in the malls. those players are not going to be strong. but, yeah, right now there's some win esners out there you mt not have thought of. i think nike is a winner and walmart is a winner. they're going to look good tomorrow >> earnings. >> we'll get it in the morning nice to have a story like this to talk about. thanks >>> johnson & johnson relaunching their iconic baby brand making a move to be more natural and organic in a bid for young parents. meg terrell spoke to the ceo and joins us live from the company's analyst day in new jersey. meg? >> hey, sara this analyst day is focused on the medical devices and its consumer products. together they comprise just over half of j&j's business the consumer products unit is the smallest but still a huge business at more than $13 billion annually of course, comprises some of the -- it's composed of some of the most famous brands of j&j including tylenol, listerine and johnson's baby they

we'll see if macy's, jcpenney, nordstrom have more to say about that we also get cisco tomorrow. >> it's a broad market more b mover >> thanks for tuning in "fast money" begins right now. >>> "fast money" starts right now live from the nasdaq market site overlooking new york city's times square i'm melissa lee. traders are pete najarian, tim seymour, dan nathan and guy adami. it is a bitcoin cash takeover. the cryptocurrency is the best performing coin in the last month, and the prophet himself, roger ver, aka bitcoin jesus is back with a new prophesy that could sent the cryptocurrency universe reeling he will talk to us exclusively deal wit >>> but first we start off with what we are calling the three prongs of pang cue the scary music. the market selling off

topped forecast on higher demand from memory from smartphonemakers and cloud services providers >>> nordstrom's first quarter earnings beat forecasts but same-store sales missed estimates. the department store says shoe sales were challenged and bad weather after feblgtdaffected t. >>> amgen has a drug that will help migraine prevention in adults >>> it is 5:12 we are just getting started on "wex." on deck, hawaii on high alert. new evacuations ordered. mount kilauea continues to roar to life. the latest on the big island straight ahead >>> first a mystery chart for you on this friday folks, it's early. are you awake? are you paying attention this stock celebrating a birthday it is officially six years old as a public company today. what is the name tweet us, tweet me stick around the answer coming up you know... ave a garde, weeds are low-down little scoundrels. draw the line with roundup. the sure shot wand extends with a protective shield and target weeds more precisely, right down to the root. roundup. trusted for over 40 years. your digestive system has billions of bacteria, but life can t

added iac interactive and pay pal to the portfolio they sold stakes in under armour, best buy and nordstromd snap in the u.s. in april helped push down consumer spending on home and outdoor supplies but as cnbc's courtney reagan reports t did not dampen may comparable sales at home depot >>> unseasonable weather kept consumers from spending on garden supplies and outdoor merchandise during a time when spending on those items is high. that makes up about 20% of home depot's first quarter sales. the weather hit hardest in april which the company said was one of the coldest and snowiest aprils in 20 years >> i don't think it's nearly as bad as this looks. we had a slow start to spring. and this is coming off of two years where there really wasn't much in the way of a winter. once the weather turned sales picked up. >> in fact, home depot said many comparable sales are up double digits just a little bit more than 2% in april good news, may is the most important month for gardening. home depot executives express confidence that sales lost in the first quarter will get picked up in may, june and

to apple and the earnings parade is going to continue next week with home depot, macy's, walmart, nordstrom and others >> a strong week for tech, a strong week for nasdaq, despite sitting at the flat line today the biggest loser in the nasdaq 100 today is semantic, down almost 35% on news of an internal audit >> you know who's winning? facebook near all-time highs. getting close to that $190 a share mark just shrugging off all of those issues seems so long ago. scrolled up in the timeline. >> that's right. refresh, refresh have a good weekend. we'll see you on monday. let's get to the judge and the half >> welcome to "the halftime report." i'm scott wapner our top trade, the apple streak. the stock goes for its tenth consecutive up day would be the longest run in eight years. what that means to your money and the broader markets. with us, jim, josh, jon, sarat here as well apple, that stock getting closer to a trillion dollars in market cap. doc, this thing is recharged, and it doesn't seem to want to slow down, all beit a little blp let's call it flat, but

those results could move the market and nordstrom and j.c. penney report quarterly numbers.trazeneca is out and john deere out with quarterly earnings. sources close to talks with nafta, the united states is setting a may 18 or 19 deadline for nafta talks so congress can deal with a new deal by then. we could see excitement and news breaking on nafta. that will be important for the markets. >>> grants interest rate editor jim grant talking about interest rates. in particular the 3% on the ten year. and see you sunday morning on sunday morning futures on the fox news channel. join me 10:00 a.m. eastern, homeland security chairman mike mccaul as well as danny dennon, we'll talk about the israeli reaction to the pullout from the iran nuclear deal by president trump. tune in every morning for "mornings with maria." i hope you will join us next week. thank you so much for being with me this week. with me this week. join me next prepare for your demise, mr. billingsley! with me this week. join me next do your worst, doctor. i will. but first, a little presentation. hijacking earth

he talked about nordstrom early on and how they weren't supporting his daughter who has a fashion linepublicly and do it on twitter and talk publicly about specific companies. it is surprising for a president to do that, no the this president. you could argue why is he spending all -- so much of his time talking about these companies, and meeting with people about amazon and definitely his critics will say he soonts houldn't be doing tha. >> jeff, your thoughts on this? a few seconds left. is amazon a distraction from bigger issues? >> i think it's also important to note the timing and story. most recent discussion was a few months ago. i'm not sure this is necessarily something he's distracting. if he starts tweeting about it, that's a discussion we can have. certainly it's among a long list of things that are irritants to him and that he is talking about and looking at. >> great point, jeff. we appreciate your time. thanks. >>> thank you. >>> we will go back out to the scene of the school shooting in santa fe after the break. s. & so this won't happen. because you've made sure this s

. >> the president at nordstrom rack met with the teens yesterday and said the company is carrying outvestigation. >>> pharmaceutical giant novartis, at&t and korea aerospace. daniels' attorney, michael avenatti also says wire transfers were going in and out of an account that cohen used to pay daniels $130,000 to keep quiet about her affair with president trump. avenatti threw down the gauntlet on gma this morning. >> george, look. something doesn't smell right. if it's aboveboard and there's no proper conduct, michael cohen should release the bank statements and records for the american people to see. if we're wrong, we're wrong. george, we're not wrong. >> daniels' attorney claims the firm linked to the account in question has ties to a russian billionaire. the firm says its ownership is entirely american. >>> ahead on gma you'll hear what avenatti calls his substantial proof of the claims. that starts at 7:00 on abc 7. >>> concern about a shortage of epipens has prompted kaiser to limit its supply. it's providing only one syringe at a time. a patient advocacy group says 45 states h

. >>> it's a big week ahead for retail walmart, nordstrom, jcpenney all reporting later this week. a c flshgsnbc contributor joins us are you pulling the legs off sears? >> i'm plucking them off as we speak. we talked about this years ago sears which is selling off its assets and plucking off the daddy long legs, and it continues to be that way the good news for retail is when eddie lampert is done plucking off the good pieces of sears, we don't really have a continuing retail concern here. that's good for the rest of retail >> the stock spiked on that amazon tire sale story now you have this deal does it bother you that the optics are effectively that sears are selling parts of itself to the guy who controls sears? >> yes that seems to be a bit of a conflict clearly they own 30% it seems to be a conflict when the retailer is headed not in a good direction, that the majority owner is plucking out its remaining good assets. leaving the bad assets to flounder into oblivion the optics on that are not terrific >> driving past the mall, it was raining all weekend, of course, but driving