found in 31 pieces of jewelry purchased from 17 businesses and major national retailers like ross, nordstromand walgreens. oakland non profit center for environmental health regularily tests consumer products for toxic metals reported the findings thursday. sot: michael green, ceo center for environmental health// now were going to talk directly to those companies and we're going to ask them...that's ross, and nordstroms and also manufacturers to take this very toxic metal out of the products that they are selling."jewelry that tested positive was sold both seperately and attached to women's clothing like dresses and shirts that the non proft considers marketed toward women of a child bearing age... ...adding to the concern because cadmium listed under prop 65 in california can cause birth defects, problems getting pregnant and cancer. sot: nbeel aloudi, customer// "well i think thats very sad to hear because thats not what we want out in the public especially for women who obviously give birth to everyone so they should probably remove that as fast as possible."ces found high levels of cadm

. >> we are talking about popular stores including ross that sold most of the tainted item and nordstrom rack. they were bought this year or the last. the problem should not be under estimated. >> reporter: millions of americans head to big retailers for deals on jewelry. that could come with an unintended cost. analysis by the oakland based nonprofit, center for environmental health found traces of metal linked to cancer in jewelry at major retailers nationwide. >> it is disappointing we are still seeing this toxic metal in jewelry. we found it in 2010 and 36 companies agreed to eliminate it. now, in 2018 we have to do the same thing again. >> reporter: the report found tainted jewelry at ross

. >> we are talking about popular stores including ross that sold most of the tainted item and nordstrom rack. they were bought this year or the last. the problem should not be under estimated. >> reporter: millions of americans head to big retailers for deals on jewelry. that could come with an unintended cost. analysis by the oakland based nonprofit, center for environmental health found traces of metal linked to cancer in jewelry at major retailers nationwide. >> it is disappointing we are still seeing this toxic metal in jewelry. we found it in 2010 and 36 companies agreed to eliminate it. now, in 2018 we have to do the same thing again. >> reporter: the report found tainted jewelry at ross nordstrom and another store. one pendant was 100% of the metal. chinese manufactures were using it in kid's jewelry. the chemical has since been outlawed for children's jewelry in some states. there are no laws for adult jewelry. the fashion jewelry and accessary trade association does not believe it suggests a larger problem. >> we were surprised to find it still showing up. you know, you can not

shows items bought at retailers such as ross and nordstrom rack that had cadium. >> we take the jewelry, we put it in here. >> the level allowed in children's jewelry is .03%. researchers found 40% to 100% in the adult jewelry. >> doctors no law for -- there is no law for adult levels. this could be dangerous. >> cadium is a toxic metal and items are required to have a warning label or warning signs. none of the retailer that's sold the items complied. >> that would concern me wearing it close to your skin and having it on. >> researchers say skin contact could cause a rash but hand to mouth exctsun of cadium, it cou cause damage to the kidneys and bones. the manufacture said the results do not point to a larger problem. >> we're surprised the cadium is showing up. you cannot legislate against the bad players. >> it's their responsibility to warn the consumer and give them their right to know. >> ross and nordstrom rack has reached out to the suppliers. most shoppers are unfamiliar with cadium. >> i would think twice about what crazy. we have enough stuff in the air. >> wash your hands

ross, nordstrom and papaya who carried most of the products that tested high for cadmium could not be reached for comment in time for this report. you can see the complete list tof retailers that also sold cadmium made jewelry on kron 4 dot com.live in daly city ella sogomonian kron 4 news. (ken) coming up: a woman calls 911 on a black man babysitting two white children. that 911 call released... and we hear from the babysitter and the parents of those children. (terisa)plus:starbucks is trying to get californians to register to vote.how the company is getting some help from the secretary of state. (ken)and next: residents in the east bay are fighting back against the location for a proposed mental health falicity. the ross fall dress event is finally here. so you can find a party dress that actually makes you want to celebrate. yes. or find a new dress that's perfect for work. perfect! or one that you know exactly how to work. yeah? yeah. that's yes for less. get to the ross fall dress event where you can find the latest styles and trends for every occasion. the ross fall dress event

those stores include ross and nordstrom rack. the metal can cause cancer, hamper reproduction and damage the kidneys and bones. states have outlawed cadmium in children's jewelry but not in adult items. in a statement, ross says they've addressed the issue with the supplier. nordstrom rack also says they're reaching out to vendors. >>> well, halloween is getting spooky in chesapeake, virginia. according to the city ordinance, there's a two-hour limit for grabbing up candy. anyone out after 8:00 p.m. can get a fine and 30 days in jail. >> what? >> trick-or-treaters older than 12 risk 6 months behind bars. there's an exception for teens who are out with their younger siblings. but all those adults who are trying to trick-or-treat, no. >> those poor 13-year-olds even. >> what's with the spirit? trying to trick-or-treat, no. >> those poor 13-year-olds even. >> what's with the spirit? for you, it's always now over later. and pause. not even in your vocabulary. so whe sor letrikes. you act on it. only abreva can get in as little as 2 1

mm nordstrom went to 64 giving some back. in retail it's a back and fill off the overextended move to the upside think about this if the consumer is 73% of our economy and if the consumer starts to feel strapped in the form of higher prices, that could potentially derail the market but i'll say this i thought we wanted higher inphrasing i thought the fed was asking for that the last six or seven years. instead of saying does it derail the mathematic we should say it's a sign of a great economy. >> but if you extrapolate the inflation that gives the fed more power more impetus and if that is the fear in the market as an investor then you got it. >> you have fed funds at 2%. inflation at 2%. where are we on interest rates tp still at zero that's the issue the fed gets on the horse raise in dies and then they affirm the fact that they're going to raise three times in december that's the question how does the market deal with that as far as the wage inflation is concerned we know that real wages adjusted for inflation aren't real

. >> he shows us items bought at numerous retailers such as ross and nordstrom rack, it tested for high levels of cadmium, a heavy medal that can cause -- metal that can cause cancer and other defects. >> the cadmium level that is allowed in jewelry is 3.0%. they found metals ranging from 40% to 100% in the adult jewelry they tested. >> there's no law for adult jewelry, we feel and people who wear this jewelry, it's listed as a toxic metal. items with have a warning metal and post warning signs. none of the retailers who sold this items complied and customers are unaware. >> that would concern me, wearing it close to your skin and having it on. >> researchers say skin contact may cause a rash, but most concerning is when someone handles the jewelry, because hand to mouth exposure can lead to ingestion of cadmium and can cause cancer and problems kidney problems and bone problems. >>> it's still showing up, cadmium, you cannot legislate against the bad players. >> it's their responsibility as a business to warn the consumer and give them their right to know. >> both ross and nordstrom ra

traces of cadmium were found in jewelry at big esross and nordstrom. experts say that this can accumulate in the body over time. absorbed -- is absorbed through the skin. >> president trump says the us is being very tough as it tries to find out what has happened to a washington post reporter who has been missing for one week. there is circumstantial evidence that the government ordered the murder of the reporter. the us is working with turkey to investigate his disappearance. some on capitol hill want together -- put together sanctions as retribution for his disappearance. what happened is terrible assuming it happened. maybe we will be pleasantly surprised. i tend to doubt it. >> his unwillingness to set out any consequences or threat of consequences tells the saudi's that we are okay with this kind of conduct and behavior. >> he was last seen entering the consulate in turkey. a scary plunge to earth. at astronauts are recovering after surviving an emergency landing. the astronauts were on their way to the international space station. two minutes aft

nordstrom is screened in based on retail cash flow. got beat up last couple years because oh, they're all going to close but that is the not case. >> macy's, nordstrom, dick's sporting good, ralph lauren have had good returns this week. cheryl: sean o'hare thank you. we turn now to the weather. florida governor rick scott says that hurricane michael is a big storm that could bring massive damage to the panhandle. the heart of the storm pegged to hit in the next 24 hours. president trump tweeted about that hurricane on way to florida panhandle with later elements arriving tomorrow. georgia and north carolina again, looks to be a cat-3 which is more intense than florence. good news the folks in the panhandle can take care of anything. first-responders be ready to be prepared. adam klotz, we know this is faster storm than florence. what kind of devastation are we expecting at this point? >> you're right about the faster storm. that will change what we see here a lot much remember florence sat there and spun and spun, got 40 inches of rain

nordstrom, a winner? >> total winner.bout it, they already pay $21 an hour to people on average. they're not going to have any compression on the wage side and they'll have plenty of people to work for them. what i worry about is we run out of people to run the register and we have to raise wages i'm a big fan of nordstrom. >> what about sax which also by the way owns lord and taylor. >> in the short term i'm a fan of sax because the upper end is good lord and taylor is being wound down i'm not a big fan of hudson's bay but i am a big fan of what sach's is doing. that whole business is struggling. >> with 63 days and 18 hours left until christmas, i have a feeling we have not seen the last of each other. >> i have a feeling you're right. jan. thank you very much. >>> let's get a check on this morning's other top headlines including a very tough scene at clemson university where a party turned tragic. phillip mena with that >> good morning. president trump threatening to pull out of a landmark nuclear arms agreement negoti

costco, home depot, nordstrom's and tj max. >> that's what family time is for. well, coming up here, carrie hall has a gift for us. >>> we are seeing a lot of christmas colors on the radar this morning. as we get a live look outside in san jose, it's dry. evergreen,er with going to stay mostly dry, our temperatures will be in the mid-70s as the sun peeks out. further north, we will impact the start of your day, that's coming up next. many folks start their commute with the bay bridge toll plaza, you see a mild backup, wet roadways, i should say, slicker all around. we have a new crash in the north bay. another in the east bay. today iy morning - live pictures from the golden ga >>> welcome back to "today in the bay" on this tuesday morning. taking a live look outside, the slick roadways. a little have an update on the storm moving through the area. first check out this. >> ahh! oh my god! >> that's cool. >> you might not know the scream. you know that smile. that's nbc anchor vicki, this is part of her out of this world fly along. for the ret of us, it's a sneak

it was purchased at nordstrom rack, ross dress for less, and papaya stores. dublin-based ross is dealing with suppliers on this issue. >>> airbnb will recruit people to sign up to host others disaster strikes. the launch follows last year's major floods that drove thousands of san jose residents from their homes. san jose and airbnb will reveal more details at 11:00 this morning. >>> all right. you're never neuer thmore than s away from my accuweather forecast. 51, glen park. everyone else 53 to 56 degrees. foreman, the ferry building, heading to those, about 57 degrees. low to mid-50s down both sides of the bay shore. 51, san leandro, santa clara. walnut creek, 51. petaluma about 55 degrees right now. let's break down your commute weather-wise. it's pretty cloudy across the western span of the bay bridge. dry and cool on the roads today. ferry ride, light breezes. cool to mild. north bay, wiaking up to cloud cover. 50. sunshine. we're seeing a lot of it. low 70s during the the afternoon hours. 57 by 8:00. on the peninsula, looking a at cloud cover through at

i was at nordstrom rack and i was there and it was so pretty and on sale. >> trit's all t. yourself. >> but i'm done until after thanksgiving. >> let's talk about food. mcdonald's, the bmc is making a come back.ay starting tou'll be able to order it at most locations. that iconich sandw is served on a hogie bun served with a boneless pork patty in a barbecue sauce. >> it's everywhere. >> pickles and onions and all the goodness there. >> look at the fries. that's what i want. apparently the mcdonald's sandwich had a big following since it was served the first time 36 years ago. >> so a heads up, notll mcdonald's locations will offer the sandwich. >> listen. >> anything can happen. y.>> exac >> still ahead this morning, halloween fast approaching and soon the trick or treaters will be out in force. >> we're showing you the apps available to help you keep an eye out. >> and our coverage from pittsburgh continue this morning, the suspected court. will appear in while that community continues to mourn those lost and come together in the wake of a senseless act of violence. annou

why kohl's over macy's or nordstrom?e have been buying this for the charitable trust you can join the club and i'll tell you what, you want some traditional department store exposure going into the holidays this year. between the strong job market and the job cuts, i think retail is about to have a merry christmas. but again, why kohl's? because the value based chain has been making major self-improvement efforts for example, they have gotten better at inventory management, bolstering the growth margin and they have a bunch of new initiatives like an actual partnership with amazon with the death star they have a pilot pilot that you can buy from the online behemoth and return via kohl's. you can generate traffic given you need to walk through what's known as the racetrack of the store to reach the place where you can return your unboxed amazon wares the analyst are forecasting flat same store sales and the stock has pulled back 11 bucks from the highs. remember, we're worried about a slowdown in the economy. i think you

and nordstrom came in and up ended the process. the process was very genteel, the ladies would come in, and you'd wheel out the rack. i think of union square as such an important place in our city. it's where, you know, frank has a sign, you know, talking about aliens, taking over the government and all sorts of things happen. it's our, you know, central square, and i want to preserve that. and you know, i think that we're talking about a balance of, you know, keeping up with the changes and also preserving what we want and know and love. and how important this place is. and so i actually am leaning on the side of providing flexibility, and i say this because we haven't just heard this call from the owners, we've also heard it from the retailers. i think that having a third use -- third floor uses that are more flexible will help foot traffic and help uses on the third and second floors that i think are in peril now. so i would like to hear what my fellow commissioners want to say, but i just think that's the way i'm leaning. i wan

we begin with nordstrom upgraded to outperform from neutral at wedbush. the analyst cited potential for revenue and gross margin npansion over thet several years for the retailer. price target $75. in order stro strom finished up 66.90. nvidia upgraded to overgraegt from neutral at jp morgan. citing the recent underperformance and sees stronger longtime growth ahead. the price shares rose to 203 even today. >>> and also with jp morgan shares of jet blue upgraded to overweight from neutral. the analyst sites the values calling it the cheapest of the domesticth airlines. price target is 20. jet blue shares soared% to 17.08. that same analyst downgraded southwest to underweight from neral. the analyst says the stock prices stalled out. the price target is $52. shares rose 2% to 49.15. >>> coming up, the one concern that many republicans, democrats ead independents share as they get to cast votes in next week's midterm election. >> former federal reserve jail janet yellen made comments on the enomy speaking at the schwab impact conference. she said she is con

look at nordstrom, look at the gap. emily: does that turnaround?na: i think there will be a place for physical retail. it is a great place to experience a brand. but i think the idea that a brand would have hundreds or thousands of stores across the u.s. is going to be hard. the natural preference of consumers is they want to transact online. stores have to have a different reason for being. emily: everyone seems to be worried about amazon. no matter what business you are in. do you worry about the threat of amazon? they have successful subscription businesses. they have not done apparel yet. what is stopping them? katrina: it is a very different ballgame. amazon is amazing if you want something cheap and fast delivered to your home. in apparel there's much more nuance. having millions of pairs of jeans isn't helpful if all you are looking for is jeans that fit your body well. we keep an eye that at the same time, we feel a lot of confidence and strength in our capabilities. that is a different business than we are seeing with e-commerce today. emi

the jewelry was found at stores including ross, nordstrom, and papaya in the san francisco area. states have outlawed cadmium in children's jewelry but not adult items. >>> president ronald reagan is back as a halogram and the latest on the investigation into a missing journalists. those are some of the headlines on the morning news stand. "the washington post" reports u.s. intelligence intercepts show the crown prince of saudi arabia ordered an operation to lure missing post columnist jamal khashoggi bag to the country and then detain him. it's another piece implicating the saudi regime. he was last seen entering the saudi consulate in istanbul. turkish officials say a saudi hit squad lay in wait for the journalists and killed him. he was a prominent critic of the saudi government. >>> the operator of the limo company involved in that deadly crash in upstate new york was arrested and charged with criminally negligent homicide. he pleaded not guilty and was released after posting a $150,000 bond. 20 people were killed saturday, including the driver who did not have the proper lic

with customers' changing needs that have a create experience within the retail space, i've liked nordstromit's been a great performer. customers want experience now more than anything, just like the starbucks effect you get that at nordstrom. you buy an item, they don't pass your bag across the counter. they walk around the counter, hand it to you and shake your hand that's experience. their mobile app offers free shipping and returns something even amazon doesn't do that makes it easier for customers to spend more money. that's experience. they're willing to try new things to see how customers respond. you look at their nordstrom local store, which is their very first store that has absolutely no merchandise you show up, they give you some coffee you work with a stylist. and you order some stuff from them so it's a very innovative way for them to attempt to bridge the gap between digital and brick b and mortar, that's experience and a forward p/e of 16, that's reasonable given their growth strategy so we like them. >> gina, obviously won't be too long before we're right in the thick of ho

they have the core nordstrom stores. they've got their low cost nordstrom rack.d they have a loyalty program they've introduced and they were better positioned going into this because they had fewer poor performing stores to shut down than some of the others. so there are really good operators in this space. they have not yet announced their earnings. they're like the first or second week of november. we'll see what happens this quarter. but looking forward, the u.s. consumer's got cash in their pocket. they're generally feeling pretty good. i don't know what the market turmoil is going to do to how they feel. they've got cash in the pocket. if you're positioned right in the retail space, i think you can do well. maria: are you expecting a good jobs number on friday? >> i think so. i think the jobs number will continue in the trend it has been. maria: what about earnings? ge cut its dividend, coming in with missed earnings, missed revenue, earnings overall we're worried about revenue misses. does this earnings period concern you in any way? >> it's been a little

they include home depot, nordstrom, ikea, costco.ore chains are choosing to give their employees the day off with an increase in online shopping. >> i can get behind that one. >>> all right, here's another reason to make sure your teenagers get enough sleep. a new study confirms that teens who are sleep deprived are more likely to drink and smoke. researchers say teens who sleep an average of less than six hours per night are also more likely to consider suicide. doctors say the study only finds a link between sleep and risky behavior but shows the need to prioritize bedtime. >>> a breakfast favorite from the 1990s is coming back by popular demand and it's one of my favorites. also, the silly rabbit approves. >> silly rabbit, trix are for kids. >> well, general mills is reintroducing trix with fruity shapes. they first hit the market in 1991 but were slowly phased out. the company got 20,000 requests to bring back the fruity shapes. i'e >> yes, that's what we need. >> it's what we want. >> more sugary content in our breakfast. >>> al

that idea that not an identical but a different pipeline we got the dream one coming from russia no nordstrom two and then just last week germany says they were going to. look quite natural gas from the u.s. what do you think that's about you think that maybe the chancellor is trying to get in the good graces of ability to ration i think well perhaps but also don't forget they want to diversify they were very dependent on russia liquefied liquefied natural gas and i think that they want to diversify are there have been a lot of questions about the cost of all these plans that they were going to be building in northern germany because a lot of that could be taken care of from some of those dutch facilities so the view was that it would take about a decade to remain stable but i think going back to what you said about you just asked about who would replace her you know don't forget there's dolly is that correct. carol she's currently the secretary general and of course she would maintain calls legacy as well this is a mini merkel you have the right to live somewhere of like sort of the liberal

government on a number of issues including for instance the nordstrom to gas pipeline project which i from a german perspective is a critical element of that policy of continued engagement with russia so i would say that the german government however effectively has really tried to keep the door open for dialogue both with russia and with china in trying to sort of continue to be able to play a role as a as a sort of a mediator if you will. the question is what structure can that conversation take place and and that's where it's really you know it's incumbent upon those countries that are the biggest players that have the biggest stick to get over the jump over their shadows and get down and fit down and get down to business and do it but the thing is i mean for the past decades we've always talked about the nuclear weapons states as the ones who have the responsibility to solve these problems while ignoring that the entire world's population and the the other one hundred and eighty five countries also have a vital stake because they are the ones that will be affected by a nuclear war

it was purchased at nordstrom rack, ross dress for less, and papaya stores. dublin-based ross is dealing with suppliers on this issue. >>> first lady melania trump opened up about many hot button issues in an exclusive interview with abc news. she explained why she thinks he is one of the most bullied people in the world. >> you think you're the most bullied people in the world? >> one of them. if you really see is what people are saying is about me. that's why i -- you know, my be best initiative is focusing on on social media and online behavior. we need to advocate for the children. >> obviously that's getting a lot of reaction this morning. the first lady spoke bluntly about turmoil involving president trump's staff. you can see more of the first lady's exclusive interview and a 2020 special called being mellan that the first lady tomorrow night on abc at 10:00 p.m. >>> speaking of trumps, kanye west is scheduled to have lunch with president trump at the white house. the topics of discussion included prison reform, preventing gang violence, and reducing v

on thanksgiving day and here they are, some major stores, costco, sam's club, home depot, lowes, nordstrom the stores, 62 of them right now traditionally keep their doors closed on thanksgiving, this list will likely grow. an interesting move away from the trend where we saw stores opening on thanks giving, people going to shop after their thanksgiving day meal, now we are seeing them shutdown. heather: good, spend more time with your family. the time is 15 minutes until the top of the hour. a cartoonist is facing serious back lash for this comic mocking brett cavanagh's 10-year-old daughter for praying. kristin tate says the drawing is despicable but is not surprised by the new low. she is up next. with renters insurance, too! um... the walls seem a bit thin... man 2: (behind wall) they are! and craig practices the accordion every night! says the guy who sings karaoke by himself. i'm a very shy singer. you're tone deaf! ehh... should we move on to the next one? it's a great building! you'll love it here! we have mixers every thursday. geico®. it's easy to switch and save on homeowners and

. >> so far 62 major retailers want going to be open, including costco, nordstrom, which has always headhat position, ikea and home depot. the site says other stores won't confirm if they'll be open but they predict best buy, walmart, target and macy's are among those that will be open for your shopping pleasure on the holiday. >> a lot of people like to go shopping, that's for sure. >> but with online sales now, i think so many fewer people actually go out. i mean, i even -- the day after thanksgiving used to be the hublgest traffic day. used to go up in the chopper and fly over the mall. the parking lots were 100% full. not now, they're like 50% after full. >> now we hover over the warm glow of the ipad on thanksgiving evening. >> that's so true. >>> let's take a look at what's going on. a little frustrating. if you didn't believe us or weren't prepared, in the south bay we have light rain falling. this is 101 and 880. you can see nothing kicking up from the tires there. same thing with walnut creek. light rain as we look south along 680 but looks busy. here's my rainy a.m. commute and

non-profit center for environmental health in oakland found jewelry at discount retailers like ross, nordstrom rack and papaya tested positive for cadmium. >> like lead, it makes it harmful to maintain a pregnancy and makes it hard tore get pregnant in the first place. >> reporter: california currently has laws regulating the amount of cadmium in children's jewelry set at .03%. but no one has tested limits for jewelry for adults. >> we want to make sure that we are playing on a level playing field. >> reporter: the recently tested samples across the bay area showed if the jewelry is worn over a period of time, it could damage kidneys and bones. >> silver necklaces. i'm not going to do it, no. >> i don't want to look for a piece of jewelry that will be toxic to me. i would like to think they have done their due diligence >> reportediligence. >> reporter: check your jewelry boxes. amanda del castillo, abc 7 news. >>> now that toys "r" us is out of the picture other retailers are stocking up on toys to draw in customers for the holiday rush. target, walmart and party city creating a dynamic shopp

costco, ikea, home depot, nordstrom, t.j. maxx to name a few.e names will be added to that list as we get closer to the holiday but we have seen a shift where more stores were opening on thanksgiving despite people saying it is okay, you can shut the doors, we are seeing more stores going back to that. rob: if this trend continues you will have to spend the entire day with your family. jillian: most people one that. >> that is the point of thanksgiving. rob: i suppose. general mills, what is going on? >> tricks, they are bringing back the fruity shaped serial. right now it is just around fruity shaped but they are bringing back the 1990s shapes like the raspberry red, lemonade lemon, you can see on the screen. they say after thousands of people have been requesting they go back to the popular 1990s shape they are making the switch. you can get those in the shape of the fruit instead of the round. jillian: rob never had tricks. i am going to buy a box right now. rob: it is the worst. jillian: we should get you some. rob: i remember the stories. j

as you can see here, we've got nordstrom and also kohl's as well nordstrom off 10% from its recent highsabout 13% look at some of these other themes as well one of the things we want to look at is the idea that other stocks out there like perhaps a darden restaurants is also off about 13% from its recent highs as well. and of course we'll end on one that everybody kind of takes a look at overall, the semiconductor space, the technology overall, that particular stock, amd, now off about 18% from the highs it hit a couple of weeks ago. we're watching many of these to see whether or not they continue that down trend after hitting those recent highs >> thanks, dom chu >>> transports were one of the bright spots of the day before taking a nose dive let's bring in the president of argus research anobvious culprit would be a rise in it oil prices. how much of that has been a headwind for this group and should it be a headwind for this group? >> i think the real headwind, melissa, had been the trade and tariff threats now that that's resolved, i think the outlook is pretty bright for transports

a nordstrom and costco town. it used to be a middle-class town, but now it is a total tech scene. emily: is it bad for seattle that amazon is looking elsewhere? they are creating 50,000 new jobs, not here. glenn: i think they will be hiring here as fast as they can as well. there are buildings going up left and right but they had all of their eggs in one basket. tensions started to build between the city and its largest employer. and that some find, if you are running that company, you have to have another place to go. emily: spencer, you have been reporting on the amazon decision to raise minimum wage and the -- you have poked some holes in the plan, whereby the company isn't just raising minimum wage, they are also taking away things like equity and bonuses. what is the latest? andcer: so amazon giveth amazon taketh away. this is a savvy move for amazon. it basically jumped from being for wealth and equity to being a leader of the $15 per hour living wage movement. that isfootnote on there were compensation programs they are eliminating. one is stock options that warehouse worke

and i have focusing on nordstrom today, up more than 6%, going back to its highest in three years and upgraded to outperform, from neutral on revenue and gross margin expansion over the next two years. so perhaps consumer confidence here on the individual level. not all news is good news, particularly when it comes to the big tech names. i mentioned the nasdaq, so you are seeing -- but you are seeing some names struggling. ge is what you know. but ibm, they announced a 4 billion -- a $4 billion share buyback. it is a signal that they think they are undervalued in the marketplace and if they are spending $4 billion on a share buyback, maybe they do not have another good investment opportunity in which to put their money to work. they did make a $33 billion purchase, but that was perhaps an acknowledgment that their cloud strategy is not working. at we some of the tech in the cloud names down here as well. david: coming up, jeh johnson on sending troops to the border with mexico to stop the caravan. that will be next. this is bloomberg. ♪ is bloomberg's "balance of power." with her and

i don't know where he got that, but i'm guessing it wasn't nordstrom. let's see. we'll be sitting in the front row tonight. what should i wear? oh -- you know, it's the little things that make life fun. i don't usually bet on football games, believe it or not, but i do bet religiously on "dancing with the stars." i'm a sick person. i know, but i do, and at the start of every season i bet $1,000 on whichever celebrity i think will go only with the coveted mirror ball trove and this year at 12-1 i bet on former dallas cowboy demarcus ware, and to help motivate demarcus i sent him a little reminder, something to hang in his practice studio, and that little something showed up on tv tonight. >> i've got to become hecklers. i've got to show america what i'm really about and that i'm a contender. this charleston is no problem for hercules. >> all right. >> jimmy: don't let me down, demar cuts. i'm always watching. [ applause ] i'm like an elf on the shelf, you know. you know, it's important. it's very important to vote on "dancing with the stars." it's also almost as im

so far nordstrom rack has not commented. >>> well, just a few hours ago, leaders announced that fremont street will not be open tomorrow. the now work to shore up the transit bay center is taking longer than expected. the street was supposed to be reopened on friday but now transportation leaders are saying that fremont between howard and mission streets ought to reopen until next wednesday. nbc bay area journalist richard bloom asked journalists who they think about the cracks in the shiny new terminal and the desert that stuck in as workers made those repairs. can you watch it here before you share it with your friends and family online. >> i was hoping it was a mistake that there were cracks there, but apparently there are not. >> under an abundance of caution we closed the entire transit station between mission and howard. >> i guess i kind of miss the feel of it. it felt like a proper transportation terminal like san francisco was putting money and effort into making public transit better for the city. >> see the giant jacks underneath the bridge now holding it up. it's kind of sca

look at nordstrom hitting a three-year high, $66.28, up nearly 6% here after being added to webbush's best ideas list. the investment firm upgraded the department store chain to outperform from neutral saying you know what, we see upside of, ready, 20% from these current levels thanks to diminished investment head winds. that's wall street speak. shares are up 32% so far this year. home prices, we have watched them field pressure over the last six months but now, the thumb is really pressing down here. fewer people able to afford homes that were for sale. the s&p home price index gained 5.5% from august 2017 but guess what, down 5.9% from this level seen in july. that's the slowest annual growth since september of 2016. it appears home builders don't actually hate the news. in fact, they kind of like it. we do see everybody higher. this is multiple days in a row we have seen d.r. horton, hovnanian, toll brothers, up on the news not just by pennies. toll is up 7%. hovnanian up nearly 5%. i know i keep saying at this time yesterday but it was a major day yesterday. you saw it, the dow e

stocks like macy's, nordstrom, target, polo ralph lauren.panies going forward that have huge fundamental advantages versus their competitors with regards to the amount of cash and cash flow they generate. >> i should point out to the audience, as much as we talk about tech only led the market two times since 2009. last year and 2009 where consumer discretionary led the market three times, including right now leading the market. you might be on to something. sean, really appreciate night thank you very much. charles: coming up, president trump is holding firm keeping our relationship with saudi arabia but he does want answers. believe it or not he is still waiting for the tape and some other things if in fact it even exists. we have a live report from the white house coming right up. ♪ charles: president trump telling fox business's stuart varney this morning he doesn't want to walk away from saudi arabia or those that gigantic arms deal with the kingdom. i adds the u.s. needs saudi arabia in fight against terrorism. we don't know what happen

that's why you're seeing nordstrom do well. >> if trump comes out with the second tax cut thing beforelection comes out that will boost sales going into the end of the year. charles: keep the house. real quick one more time, we heard from the second most powerful man at the federal reserve and there were a few take-aways i think this market is feeding off. still room for unemployment rate to drop, wage growth keeps picking up. the tax cuts are still in the economy and business investment, productivity, thanks to the tax code changes continues. a lot of good things. we have great momentum right now. a lot of folks of course waiting to see what happens with amazon. liz claman will get you set up. this last hour of trading should be fun. liz: you know what, while we were waiting to get it from you we have been doing a little math here. the breaking news is that with 60 minutes left before the closing bell rings, we are just about, what, 130 points below yesterday's close of 608 points on the dow. we could, in this final hour, see all of those losses from yesterday erased. not there yet bu

the rings, necklaces, and terms were sold in stores including bay area nordstrom rack and ross stores. the nonprofit center for environmental health tested many brands of joey made in china found many had high level of cadmium. similar study eight years of cofounder cadmium and redesign for children, but i virtually disappeared. socket is very disappointing that we are still seeing cadmium, and incredibly toxic metal injury. we found her in 2010 and 36 companies agreed to eliminate it. now unfortunately, 2018 we have to do the same thing. like many states include in california have passed laws, banning the use to cadmium in children's a jury. but there are no laws against the cadmium being used in jewelry for adults. cadmium is considered dangerous because it can accumulate and cause cancer as well as the damage to kidneys and bones. and >>> coming up next, a 17-year- old shot and killed in the parking lot was super market. what his friends are saying about a possible motive. california's public schools rank 44th in the nation. 44th. i'm marshall tuck, i'm a public-school parent, and

. >> edison let's will say bes for instance we have nordstrom up the past month .best performing consumer discretionary stock. >> macies up 10. wal-mart up 8% what do you do with niece? is this what broiing talking about a tradeable rally. >> as we get to big box retailers i'm not a fan. i think the margins are struggling there are discretionary plays within consumer and some of the brands i continue to think some luxury gets a rebound after coming to earth. a buyer of tiffanys, lvmh. president we are in a place where we have oversold conditions let's be clear the market has been death. and if it wasn't for you know a handful of of days that gave us spring loads we have seen the market sell off after these moves. i think we need to careful but we are waiting for this repositioning to have fallen into place and slowly getting there but not out of the woods. >> last week i said the home builders and i was talking about the autos they had a relief pop. basically 15% in ford. 10% in lennar. but that only works if fang doesn't. if you see fang perform, there is not a buy the laggards anymore.

we're talking about kohl's, nordstrom, target, dollar tree, they're up pretty decently on an otherwise very down day. so it sure seems like that there's a move away from some of the retailers more tied toward international trade and china perhaps on the luxury side of things and more towards domestically focused retailers like these guys here back over to you. >> dom chu at hq. >>> let's bring in senior investment strategist brian jacobson brian, thanks for joining us today. >> my pleasure >> all right given the fact that we have the dow down about 400 points right now, you've got rising rates is this just sort of the latest step in what some market experts like our own mike santoli have been referring to as a stealth pullback or is this the beginning of a deeper retreat? >> we believe this is probably a short pullback what we were expecting at the beginning of the year is that we would see the s&p 500 make a run towards 2950 with the portfolios that we manage, we had an overweight towards u.s. equities. when we got up towards 2930 we started taking that back in anticipation that risin

i would focus on nordstrom, kohl's and tjx. >> the stock is down a fair amount before the one-day decline. in what has been a pretty good retail environment this stock was let's say other names, tjx, 45% to the plus side year to date macy's 28. we all know what amazon has done american eagle. >>> 13.5 what's going on with gap >> they had a huge run and got themselves up, like $34 a share and then all of a sudden it started to cascade as you have gotten through this year and i think part of the problem is a lot of their sourcing by the way is coming from china they talked about something like 22%, matt did in his article so that's a problem as well. so you look at margin pressure, you look at tariffs and all of that and you just wonder, to joe's point, the one area that they maybe have a shot is just one segment of what their business model is right now. and that becomes a problem what they talk about what they pay, everyone focused on amazon when you talk about $15. that brings everybody to a $15 level. at some point down the line, including gap. that's going to be a problem >> i just loo

. >> we sell with this at nordstrom department stores for about 40 dollar retail. >> 40 dollars witht with 25% increase, it raises this about 6 dollars. >> okay, all right. >> a significant increase. >> sure, you have to pass on to consumer otherwise you lose on production. >> exactly, we work at specific margins as retailers do we have to find ways to maintain that, without compromising the quality integrity of products. >> accessories in major retailers target nordstrom you've got things like sneakers, and bags is is there anything that doesn't get hit by tariffs. >> so we actually just launched hellos, shoes something knew pillows, shoes, those are not affected kind of expanding on that i think our customer comes to us because they love the graphics artwork, that we put into the products, so we are trying to shift some of it into products that are not affected. >> fantastic let me ask you about tax cuts about other economic policy coming out of this administration, have tax cuts improved your business? >> i mean overall, i am not sure if it is directly impacted the business but --

we've got macy's and nordstrom all benefiting from higher spending data.sed with that ahead of the holiday season. consumer spending to sustain. as well as buying stuff, americans are buying experiences and that is why we are seeing american airlines, all airlines rallying today. ratelipside is the savings is at its lowest point of the year. vonnie: emma chandra, thank you. let us get more now on germany's political future. angela merkel spoke about why she is stepping down as party leader. candidate forbe a party leadership. year is my last 10 year as chancellor. andll not be a candidate will not be a candidate to get a seat in the parliament and not continue in the political arena at all. i am willing to continue as the chancellor at the current time. vonnie: for the view from berlin, let us go to the director of the european program at the marshall fund of the united states. the best case for angela merkel is that she has three years as chancellor. can she get anything done? jan: it is the lame duck chancellorship. the question as to whether she can get

best black friday dot com says many companies, including costco, home depot, sam's club and nordstromn thanksgiving to let workers spend time with their families. shoppertrak found thanksgiving day foot traffic to be down while black friday traffic remained stable in 2017.and bud light, despite slowing sales, is still the top selling beer in america. americans bought 5 point billion dollars worth of bud light in 2017, according to market research firm iri. rounding out the top 3 are coors light and miller light. amazon has released its amazonbasics mattress. prices start at 130 dollars for a twin size bed.amazon now competes with the likes of casper and tuft & needle, as well as the many other startups making foam mattresses that are shipped directly to customers in a box. also, amazon just announced this morning it will raise its minimum wage to 15 dollars an hour for all u-s workers.live from the nasdaq marketsite in times square, i'm jane king back to you ( darya ) thanks jane ( john ) and i am tracking your bay area forecast. ( robin ) this is customizable streaming tv for your fa

childrens place up 14% walmart up and nordstrom up about 2% it is the only department store in the green nont date a lot of these are selling off with the market because most haven't reported their third kwartder results yet and fewer have announced holiday strategies analysts and ceos are still expecting the holiday season will be strong it may could be the shock they need to see that turn around towards the end of the year. he told me he feels more ready than he ever has for this season this big important season is to come and we don't know what the third dwarter looked like yet. >> yeah. brace ourselves for those results coming in the next few weeks. >> thank you >>> let's check in on how global markets are faring stocks fell 6% germany off by 3%. winning the presidential election this weekend. decided by the prospect of using market friendly policies to stimulate. it is now up 18% in the month of october. stock market ending higher by 2% the reports will shed light on strength of the chinese consumer they are also watching which hit a multi-year low there could be more concerns aroun

the non-profit conducted an analysis on items from national retailers like ross, nordstrom rack, ands cancer and issues with the reproductive system after prolonged exposure. researchers found that the items tested were nearly pure cadmium. ( darya )new this morning. social security benefits are going up next year for millions of americans. the government announced a cost-of-living adjustment of 2.8 percent. that would mean an extra 39 dollars a month for the average retired worker. seniors count on the money to help keep pace with rising health care and housing. ( james ) san francisco's transit agency has worked out a compromise for two companies to roll out a pilot program to bring scooters back to the city. the city is planning to issue two permits to the companies scoot and skip on october 15th. each permit will allow the companies to offer a maximum of 625 scooters in the first six months. transportation officials say once the pilot program has been active for six months they will consider issuing more permits. ( james ) police are investigating vadanalism at a historic church

there is a good idea of what's going on buy backs, i have been saying watch the buy backs and nordstrom of an accelerated buy backs. they accelerated today they said we are going to buy back a billion shares right now. they'll get 3 million shares on october 31st that's almost a billion dollars. they think their shares are cheap and a lot of their chae companies are going to look at their shares there is a lot of cash out there. we'll have a record year about a trillion dollars that's going to be announced, that's the estimate, we got over $800 billion we'll probably see execution pick up, too that's people actually doing the buy backs getting close to 900 billion. that's a real support for the market at least. that's what people are thinking right now. keep an eye on accelerated back buys finally, we used to laugh. selling in may ends on october 31st we are not far from that sell in may go away, that may still work i will keep an eye on that the dow is up 200 points sara, back to you. >> bob, thank you. let's go to the bond pit now with rick santelli >> good morning. >> friday we settl