scarlet: just wanting to jump in with results from nordstrom. issac is tanking in after hours trade, coming out with same-store sales numbers that showed a big decline of 3.5%. i say that only because the consensus estimate was for a drop of 0.1% for the first quarter comparable sales. versus was $3.4 billion, estimated $3.48 billion. first quarter eps at 23 cents. the stock down 10%. carolina: like what happened to kohl's today. let's look at sectors to watch or any key trends. brent is with us in milwaukee. we are looking at certain sectors like retail in the line of fire when it comes to tariffs but also when it comes to lackluster numbers. are there sectors where you feel there is the opportunity to buy, or that it is time to get out of? brent: given that our forecasts eventually resolve themselves in global growth continues, in the introduction you talked about sectors that did well today. if you look at those three today and what did well that would be an indication of where to have the portfolio lined up, so more towards cyclical stuff, a

, not for the others >> not for nordstrom i wouldn't buy nordstrom on this dip.ssue that they need to address. they have been adding brands and they are a decent retailer i like to shop there but ultimately their high-end customer is more likely to transition to digital and they're not adding brands that are exclusive to them. they're adding brands that are widely available like made well. you can get that elsewhere in the mall >> our friend simeon siegel from nimu nimura, what do you do with this stock? >> there was a bid by the family to take the company private at $50 a share. whether they get financing for it or not. that was rejected as being too low. clearly the world didn't necessarily see this environment coming the way it has come at the speed it has come. what do you do with the stock? i don't know it's not the cheapest in the group although it's certainly less expensive than it used to be and i think that's been the story for department stores for a long time, is they look inexpensive. you can make the case that they'd be able to preserve margins and d

. >> nordstrom and urban outfitters are tumbling.arget is at the right spot. >> doj staffs block the t-mobile merger a federal judge ruled the company unlawfully hinder competition in the mobile phone market the judge cisided with the ftc the chip maker strongly disagrees with the ruling and will seek an immediate appeal. you will walk us through what it means this morning, david. >> 233 pages, so you can imagine a lot of people are going through that at this hour in california and new york trying to understand the ramifications. the judge during the course of the trial had been seen perhaps going against qualcomm it has been a long time since those arguments ended and we have been waiting for the decision some say she's basically discredited every single qualcomm witness and gives a lot of credit to the witnesses that provided by the government the ftc was charging monopoly power, saying essentially qualcomm used its leverage in the chip business to extract payments for licenses that otherwise would not have been paid or certainly n

we have earnings alert on nordstrom. courtney reagan in the newsroom and these earnings from the conference call do not look good nordstrom put up a disappointing quarter and they lowered their full-year sales, and the co-president said that some of the soft trends that they saw the prior quarter were going to continue, things actually got worse. >> we know we disappointed our customers and we own it. we've identified three factors that contributed to this sales, loyalty, digital marketing and merchandise. these areas are within our control to turn around and we're already taking steps to course correct and drive the top line >> he went on to explain that part of its new nordy club loyalty program rollout eliminated physical mail that many customers it turns out count on in favor of the digital strategy and that hurt traffic and further com pounding issues with the focus on the loyalty program, the department store decided to spend less on digital marketing and that also led to lower traffic. merchandise was the third is

what's the big challenge for nordstrom now? >> big challenge is that space is crowded and amazon made it more crowded >> how could amazon make it more crowded? >> now they're doing fashion it takes dollars out of the system in the real case there's nordstrom, macy's and lord & taylor in macy's, just macy's in that space. and then there's penney's, khol's and still some sears. you need to be protected from your brethren because you're eating each other's lunch and everything is putting pressure on you the other thing that's changing the model is resale. it's a $35 billion business growing 40% a year. >> you're right. i'm really just waking up to this we're going to talk about what urban is doing next hour but i have not done the rental thing myself but anecdotally i realize everybody else is. what should nordstrom do in that environment? >> they should play the game everybody's going to have to play all of the brands need to play if you're gucci, any of the high-end brands, you should be doing this. >> could that be a great busi

big moves on the heels of earnings with lowe's and nordstrom also down. >> and pure storage down more than 22 on the miss and lower guide. fed minutes going to give us a glimpse. let's get to the judge >>> carl, thank you. i'm scott wapner, as goes apple, so goes stocks, shares falling again today, new warnings about the company's exposure to china. are earnings now at serious risk it is 12:00 noon, this is "the halftime report. >> announcer: apple's china trade war troubles just how much risk is in store for this stock, which is down 10% in a month plus, the return of morgan stanley's former chief equity strategist, adam parker, who believes that trade war is not priced into the markets. and wait until you hear what he has to say about the state of the great american consumer and target nails the target. the stock is jumping and the halftime investment committee is buying in. should you "the halftime report" with scott wapner starts right now. >> welcome, good to have you with us on this wednesday. here to debate and trade the big stories of the day, joe, pete, jon najarian adam park

nordstrom chug along boom falls down it's not the only one. urban outfitters, on the other hand, now, they did beat expectations for the most recent quarter, but, as you know, guidance is what matters urban outfitters, cutting their guidance look what happened to that stock as well. another difficult sales environment there. it is not just them. you've also got to watch kohl's. trading at levels the lowest ones in more than a year they whiffed on both earnings and same store sales, and if that was not enough, kohl's also cutting its full year outlook. are you sensing a trend here and in what is happening with many of the retail names? if you cannot believe that is all that is going on, jc penney. they and their investors continue to get slammed. earnings coming in yesterday below expectations same store sales also a disappointment you know, normally we don't talk about stocks on cnbc with the market cap under 500 million jc penney, a different story 2.5 billion dollars in sales it is now a $1 stock the market cap a paultry 338 million dollars.

department stores, not so much, nordstrom down 8%. then we had the qualcomm rolling which was pretty detrimental to the qualcomm future unless an appeal goes ahead. sayingm general counsel the judgment by the judge was all wrong and it is definitely going to appeal that decision. for the moment, investors punishing qualcomm 11%. guy: investors expressing growing concern about the mountain u.s. china trade tensions. here are what some of our guests have had to say today. >> we have a very high stakes poker game going on. that is not in the interest of either country. , more at more to lose stake because the tariffs will hit harder. it will hit both of our countries. >> moving from private diplomatic discussions to public debating is very unhelpful. it puts both leaders in the position where they cannot be seen as backing down. >> we have not gotten a response from the trump administration, but we can tell you as prices go up and duties go up, the american consumer does pay that duty, not the chinese. we are joinedguy: by bloomberg's sa

yesterday was rough for kohl's and nordstrom, and we still throw j.c. penney in there and follow it because it's a household name, but $300 million market cap lowe's, you know what lowe's is 88 billion what happened to j.c. penney it's unbelievable. >> it's been a sad story for a long time. >> 88 billion. i like lowe's, fine, i see them around i don't go into them nice blue sign, you know. >> do you want to buy j.c. penney together? >> that's not a ridiculous idea. >> i have an idea too. buttons. >> oh, little buttons. >> call bill, the buttons. >> people don't remember that that well. >> burger king >> that's a smokey spray they put on it. what did the little buttons say, we can do it or whip inflation now or do you know. >> i can't remember. >> do you remember with inflation. >> that was jerry ford. >> you used to wear a button that said rise above. >> i didn't wear that button g guess who stole that? cadillac, escalade stole it. watch the commercials on tv. all the cadillac drivers are rising above that's us. that's cnbc. i guess we didn't have lawye

there's an effect there may be nordstrom and dealers just between one and 2 percent. now as the retail sector continues to take big hits the auto market is also seeing its fair share of rocky roads ahead to help us break it all down is lauren fix the car coach lauren welcome back. thank you for having me lauren let's just get right to it ford is back in the news again and not for the right reasons according to the company will be slashing 7000 jobs worldwide that comes to about 10 percent of its salaried workforce this restructuring will save about $600000000.00 a year and while it's certainly going to impact workers in north america half of the cuts also will be distributed across south america russia and europe how has this impacted the company's stock and what do you make of this move does it make sense going forward. well it's a cost cutting measure i mean you're looking at about $900.00 jobs happening this week that are going to be salaried employees that will be let go where they have a lot levels of multilevel management so if you've got too much management and

sanctions against russia but comments from officials of all involved in the nordstrom to project seem intended to convey an attitude somewhere between concerned and keeping their eye on it. the u.s. imposed sanctions against the venezuelan government have had an enormous negative impact on the country's economy the measures derived from private about access to international financial support and investments in its oil sectors it's no surprise that the new bolivarian got republic would try to find an alternative to the dollar for its international transactions last october they announced that venezuela would denominate oil transactions in europe not dollars and then in december the country disclose that they're working on a national crypto currency the peg to the value of the venezuelan oil essentially using crypto as a means to circumvent u.s. sanctions today and russia are in talks to use the ruble and the l. petro in mutual trade settlements as another medium of exchange this is a big step in abandoning the commonly used u.s. dollar and country to country transactions and then as on

listen to what nordstrom had to say.hey told you their top line results impacted by loyalty, digitalizing and merchandise all going wrong. that's terrifying. nordstrom way down by the loyalty program and the selection of merchandise, what the heck is left the company is trying to turn things around. trying to be transformational. all that kind of talkthat i hate it's in the crosshairs, and i think you're taking your life in your hands if you try to speculate it unless they break off rack here is the bottom line. between the trade war with china and a potentially slower economy here at home, this is a tough moment for retail, but if you do your homework, you'll find retailers that can work even in a difficult environment, which is why target and tjx have been flying oh, and if you want to go bargain hunting, you could do a lot worse than home depot and kohl's let's go to rich in new york rich >> caller: boo-yah long time, first time. >> all right good to have you on the show >> stitch fix. i'm concerned about internationa

nordstrom's sales fell 3.5%. sales fell at kohl's. jc penney, 5.5%. they blamed it on executional misses with customers. they expect revenue to fall as well. kohl's cut it blaming tariffs. kohl's imports 20% of goods from china. some stores are passing the cost of tariffs on to you, the consumer. walmart said they will raise prices on items. china bracing for a trade war with the u.s. "the new york times" reporting president xi saying now there is a new long march and china should make a new start. >>> reading about those comments, he is a bit dug in against this president. >> both sides. >> could go on a while. >>> ahead, a chicago weab ripped from its mother's womb showing first signs of life. the hospital is treating him, under investigation. >>> 4:14 eastern time. lawmakers are sharply divided over the threat posed by iran after top trump administration officials briefed the house and senate in two closed door sessions. secretary of state, mike pompeo and patrick shanahan pushing the message of deterrence. they say changes of the u.s. posture in t

hope thathere was perhaps nordstrom would lift the mood freed it did not.o to after hours. -- nordstrom would lift the mood. it did not peel let's go to after hours. they are a luxury retailer. if you look at the big picture chart, nordstrom also under pressure with the entire regional group. they cut their sales forecast for the year down 2%, and that was from a 1% to 2% increase they had previously forecast. what is very important to note is they are believing that optimismhich dave some -- which gave some optimism, was an anomaly. also, big focus on two other retailers, target reporting wednesday at best buy reporting thursday. what they say about the tariffs and the mood in the industry and the threat from big giant amazon will be very critical. for: all right, su, thanks much for joining us. in fact, trade tensions continuing to ripple through markets. lawrence boone, spoke about the extent of the fallout. oone, spoke to the -- about the extent of the fallout. >> there has been trade tension, and we are seeing that trade has derailed the global recover

nordstrom, lower forecast, you that and the stock goes down, in nordstrom, same thing.nd a half percent. shaw galani, we told you about retailers getting hit, john, is this all about china tariffs? >> not completely, not, has to do with chinese tariffs and black cloud, has to do with retail itself. stores have been closing since the recession of 2008, has a lot to do with amazon and wal-mart, also look at what target is doing, you want to be able to compete with retail right now, you have to have online presence and you need to have stores all over the country and that's where target has an advantage right here, same as wal-mart over amazon that's great for the companies, great for the consumer, bad for retail stores. stuart: what do you say about china tariffs and impact to retailers. >> knocking the guidance and anticipating some chinese impact, i think that's the problem that investors are having right now, unknown of what's going to happen with the tariffs, tariff trade war and could getting usuallyier and retails could get hit hard and that's what investors are foc

if there is any question that nordstrom might give us a different picture, not happening.reporting later wednesday. they very much might set the tone for how retailers are doing. into the bloomberg, there has been a lot of talk and we have seen the market drop. we saw a rebound. this has been the best stretch in nearly a decade. when you put the s&p 500 against the 10 day lag, you have a positive outcome. thus far, it has been a positive strategy. paul: in the meantime, we saw oil prices close lower in the regular session. corn hit the highest in a year. what is the story? su: you mentioned the oecd report. there is concern about economic impact of this trait concerned. we have seen brent move higher. brent move higher on concerns about supply disruption and a nigerian pipeline off-line. you look at the five-day intermediate, it came down a bit. there is also some bearish indications of supply data that comes out on wednesday that is a 2.5 million barrel build but also negative prices. we have a planting issue for corn. the slowest pace in planting in a decade and it has c

right now and the key thing here, some of these chains suffer from weak execution like kohl's and nordstrom's a reason that kohl's got clobbered yesterday. the stock keeps falling. twitter people, cramer even admits that he's an idiot. why not? if you get something wrong leak that, you should then you move past it, you don't stay there and keep thinking about the thinking about it and thinking about it. got me the stock rallied nearly 8% today. the pattern here is that target will get multiple upgrades tomorrow stocks will keep flying. more on target later in the show kohl's is more likely to languish, languish being good news i do think kohl's is too cheap i believe michelle goss will get it right i'm hopeful. what else? nvidia i ain't just talking about my dog. we spoke to the ceo last week and came away less concerned about the company's long term exposure to china. they make parts in taiwan too. wall street is completely flummoxed. some are afraid of gaming slowdown others are wringing their hand over an israeli networking equipment company. oh, and of course you have the semiconductor co

still the bears will say that today's action had a dead cat bounce feel especially after nordstrom plunged its own earnings they may be right. you don't need parit to see what you see. today's rally was a reminder if we get any break through in the trade talks whatsoever, you're going to get an epic rebound in these so it goes down like this and then goes like this. it's called flow i think we've seen these levels and stocks get hit so hard that they start to reflect, what are they reflecting at this point, the return of chairman nau, banishment of the capitalist leaders. putting food on table. i don't think it's going to happen it may smack more fantasy than fact now you know what the market would feel like if president trump and the chinese party could figure out a way to bury the hatchett and not at each other's heads. i want to go right now jeff in nevada jeff >> caller:, hey, jeff. i'm a registered nurse out here in las vegas, nevada what's up? i have a question about -- my question's about drop box. ddx. i bought the thing premarket on 5/10/19 and it was -- and it had good earnings,

. >> notably we are seeing a dire quarter for nordstrom. >> yes, and a particular call out there is that a 5% decrease in sales. they said it was execution issues, and my years of retail reporting have told me it's two consecutive quarters and -- you have to ask yourself about the health of nordstrom going forward. >> target soaring after earnings temporarily blunted concerns over the new chinese tariffs. tariffs really haven't hit them, they are firing on all cylinders. >> they are doing a good job. they have the haves and have-nots of retail. costcoe walmart, target, -- and the have-nots are a lot of the traditional department stores that we saw opposed very disappointing results. jcpenney, coals. and some of the home-improvement retailers, lows down the most in a decade, that's a turnaround story. each retailer is grappling with it in differing ways. ♪ >> deutsche bank is hitting historical lows with the annual shareholder meeting on the backdrop of further revenue weakness. they are targeting investment banks were "tough cutbacks" in a campaign to restore market confidence following

nordstrom? there to be like target?the power of private labeled brands. target has some of the best merchants in the business in providing value priced home goods and apparel. perhaps those goods are not competitive with nordstrom but they are competitive with what is on offer at kohl's. kohl's said home was a real trouble spot and i suspect a lot of market share was rocking to target. francine: interesting. i -- you mentioned kohl's. who else are they taking market share away from? sarah: lots of the department stores and even the lower priced specialty apparel stores. investingt of work on and displays. merchandising, outfits on mannequins and adding new fixtures and that kind of thing to its beauty departments are creating a more specialty big store.within the a lot of more traditional competitors from specialty apparel and specialty beauty are feeling the heat. same day grilling essentials, if target i can have sent to me in one or two days. i am going to begun -- grilling in central park. sarah: that is amazing. th

and they're going to continue to lead in 2012 nordstroms market cap has been cut in half the same time continues to grow earnings and their market cap is worth tenfold. i would only play that stock in that space everything else can be on the side until this market gets past it >> you would only play nordstrom or amazon? >> only amazon amazon disrupted the market. they're leading the market they're the number one player. i see that happening for a long time >> all right sticking with the big winner there, michael, jay see, thank you. for more trading nation, follow us on twitter. >>> thank you, like. >>> ahead on "power lunch" pivotal research has a big note on the tech sector we'll talk to the analyst who just became the biggest amazon bull and preparing for the future we'll ask a financial planner for tips on protecting your family's finances through market volatility the dow is down 409 at the lows. down 284 now much more when "power lunch" returns. >>> generally speaking a strong dollar is good for the economy but that doesn't mean that all companies are going to benefit equally. in

it would have been huge. >> the gains would have been incredible let's watch out for nordstrom untilell tonight let's get to the judge >>> carl, thanks, i'm scott wapner, the trade war versus goldman-sachs go goldilocks in a fight for your money. it's 12:00 noon, this is "the halftime report." >> announcer: which side of the equation will drive the market, the bears or the bulls, arguing everything is good enough for growth the halftime investment committee weighs in with outspoken gary kminskey joining the team he has a very serious warning for investors, but not everyone agrees get set for the debate of the day. plus

also that following nordstrom, jcpenney, all disappoint. -- coming upstors in less than half an hour. >> that is right. we are hearing from some of those retailers including target that tariffs will cost them. here is the drill down. giving you a sense of how that might play. lowe's is a major player in appliances. bigger than home depot, best buy. take a look at the percentage price increase on the ticket sales price at lows. over $500. the prices have gone up over 5%. what you are seeing is there a suggestion that because of steel and aluminum tariffs, we are starting to see the effect of price hikes. mentioned, now that we are putting some real names to the concern that they list -- to the list of banned companies, we are watching for market reaction. trying to sort out the supply chain of these companies being targeted. >> i am not sure if i'm going to pronounce these correctly. all surveillance he quit makers could be targeted by the trump administration did senator ted cruz adding his voice. he once more chinese firms to be targeted. >> let's get some more insight into the marke

then of course, shares of nordstrom trading lower on the session as well.use it was rolling out an incentive program this quarter and also saying that it had trouble with sales of its full-priced women's clothing items. so it goes to show you that all different retailers are experiencing different things at this point in time. the department stores certainly having some trouble trying to, you know, revamp their locations, get consumers in the store because consumers are so driven to the online product right now. dagen? dagen: i'm just looking at the performance of target. don't go anywhere. i want to ask you a question. we have seen this time and again, retailers where their management stinks, their business is suffering, you know they're going to blame the tariffs, right? again, they are going to try to cover up a whole host of sins by blaming the administration and the fight we've gotten into with china for a number of reasons. it's going to be really hard to analyze these stocks and these companies going into the end of the year. >> it is and it isn't. y

plus we'll get earnings, results from nordstrom, urban outfitters and toll brothers.lose eye on the retailers after results from kohl's, t.j. maxx, home depot, jcpenney overall theme was disappointing showing that the department stores just aren't turning it around the bottom line, a contributor wrote me, an expert on all things retail, she said that the companies have been trying to drive traffic through fewer promotions and it just does not drive traffic. they are trying to drive comps that way, but it is not a sustainable way to do that and therefore they are paying the price on that. she also said you just have to look at the stores themselves. you go into a target, and you see the venerated revamp and it is a whole different ball game than going into a kohl's which does not feel she says fresh and they have not done the restoration program that some. walmarts and targets have done >> and the take among the bulls is that. >> caller: -- kohl's is in a better position from a land perspective. >> and a lot harder to pass on pass through the tariffs if they continue t

names like macy's gap, nordstrom, they all closed at new 52-week lows today. for nightly business report, i'm bob posani at the new york stock exchange. >>> more now on boeing and the bond market, both of which kaylo med in her report. the editor of the global times tweed. china may stop purchasing u.s. oericultural products and energy, reduceg orders and restrict the u.s. service trade withchina. many chinese scholars are discussing the possibility of dumping u.s. treasuries and how to do it specifically. a boeing spokespersonays the company is confident the u.s. and china will continue trade c discussions ae to an agreement that burn fits both u.s. and chinese and consumers. nonetheless, the stock fell more than 4 1/2%. >> what about that line in the chinese editor's tweet about china selling u.s. treasuries. china is the biggest buyer of our de. what wou happen to interest rates and our economy if it started selling those treasuries. ll adams is senior economist with dnc financial services group. bill, thanks for joining us tonight. >> thanks for having me.

turns out another woman found it in the nordstrom bathroom and tried to find the owner but had no luck daughter entered notre dame high matche. the ring reunion just happened today. >> it's such a weird coincidence because she was also interes have got the same kind of ring she would have, i would have got the exact same things. >> the class ring is a tradition at the high school. students usually get one enter their junior year. it's being passed on from one person to another. >> she can work for our investigati investigative unit here. the power of the ring. >> yeah. >> that's very nice. thanks for joining us here at 11:00. >> bye boou rr. drive safe. ♪chee and applause

i clean up when i go there nordstrom, on the other hand, full line, full price department store with a stock that hit a 52-week low. down almost 20% year to date and you know what, at these levels, it pays you a 4% yield, it may be too cheap to ignore. the norm strm family tried to take the whole thing private, it seems compelling macy's did, too, and it had a tough week when reported maybe it's just too tough for mall based department stores right now. wednesday, we hear from home depot rival lowe's this is a turn around story, but the turn masterminded by their ceo is very much a work in progress you know what, wall street loves ellison, though, so if lowe's get hits before or after the quarter, i would be a buyer of the stock. then there's target. did you know this stock is now 20 points off its high that seems wrong target has come down so much, it now sports a 3.6% yield. it's battling walmart and amazon, which might be too much competition for any one company. but i think ceo brian cornell is doing a terrific job i like the stock here. thursday morning, we have one difficult on

. >> this man applauds nordstrom for no longer selling it on its website. in a response to a complaint on twitter caught the departmentst we sincerely apologize to anyone who may have been offended by this. >> do you think duties should apologize? >> definitely. this is not the first time they have had a racist encounter. >> three months ago gucci apologized and discontinued selling this sweater after social media users said it resembled blackface because of the design. in san francisco, kpix news . >>> the sikh coalition appreciates the apology. >>> the board of california is the best getting the death of a young oakland boy after a dental procedure last month. according to the east bay times, the 4-year-old lost consciousness after receiving anesthesia for dental work done at youthful tooth in east oakland. he later died at ucsf children's hospital on april 25. on the go fund me page that has been set up his cousin wrote in part, their whole family recently immigrated to the united states. he became the little brother i never had. he was a happy baby, alw

penney kohl's and nordstrom. technology shares pushed stocks lower monday. the dow fell 84 points.500 dropped 19, and the nasdaq tumbled 113 points. >>> american airlines is suing two unions representing its mechanics. the move is an effort to end a slowdown the airline said douco worsen delays and cancellations during the coming summer travel season. unions are coordinating action to slow repair work on its planes in an effort to gain leverage in recent contract talks. labor groups throughout the industry have been pushing for better deals after airlines posted rising profits in recent years. >>> meanwhile, thousands of jobs are on the chopping block at ford. the carmaker announced it will start laying off its white collar work force. 2,300 job cuts are in north america, 500 employees will be notified this week. the automaker expects the move to save $600 million a year. the layoffs will be completed by the end of august. >>> more than 2,000 pounds of vienna beef hot dogs are being recalled because they may contain metal fragments. according the u.s. department of agriculture, the

of a bounce at all in 3m or united technologies and caterpillar and the retailers like macy's and nordstromere down aga thanks partly to the weaker retail sales print that we saw thismo ing. so what does all of this tell us? it tells us that the marke is not going to necessarily jump on every spin on trade. vestors believe the trade deal was closed once before and they got burned. so it's going to take a lot more to convince the market that a deal is really on the docket this time. for "nightly busines report," i'm bob pisani at the new york stock exchange. >> the president of e federal serve bank of richmond says he's watching the trade conflict with china very closely. tomming a parkin said the trade war has the power to damage business confidence and the pa on the economy could be muted if a resolution is reached soon. >>> the tradeoncerns that have been pressuring the market lately also pressured shares of macy'sft today a the ceo said that escalating tensions could hurt its business and that ifted the focus away from the company's better thanec ed quarterly results this morning. courtn

but one week performance, xrt as we said down 4.5%, macy's down 6%, nordstrom, target, l brands, gap, tiffany, best buy, locker, all getting smoked in a week of where trade is dominating. so that remains to be the headline we need to follow trade directs where retail goes. >> well, look, there is -- there is a trade impact, right, because if you've got apparel prices coming out of china going up in price because of tariffs then that hurts the margins at the stores which presumably will have to -- i think with the list of names that you just listed off, we still have this issue of brick and mortar versus online and it's not just amazon but walmart obviously has been killing it in online, and it's just harder and harder for the macy's, the nordstroms of the world to get the traffic into the stores it's just getting harder and harder >> erin, what do you see in this space? >> notwithstanding the secular issues which i think is pretty well known and in the price at this point, in a very shorter term basis i think that retail here is actually a good buy particularly going into retail sales

i think they're probably also going to talk about the nordstrom to gas pipeline project between russia and germany because the u.s. has been threatening sanctions against germany and other countries over that so that's that's that's a key so it's of conflict point and i think they'll also be talking about iran of course where there's a huge difference over what's the best way to pressure the iranian regime to steer away from nuclear weapons that of course is the issue. in part the issue that caused pompei ot cancel is his planned visit 3 weeks ago he had to rush off and deal with issues in iraq and iran in the region so you know he's finally got here but there's a lot for them to talk about exactly we'll continue our conversation in just a bit silent but 1st we reach also america in just a few off time and she has just returned from the united states russia delivered the commencement address at harvard university advised to the drug just was spiked with indirect criticism of donald trump's policies. at the home warts of ignorance and their oh my goodness well nothing has to say as it i

he also comes from humble beginnings selling shoes and nordstrom, but taking classes at san jose state. now he is one of the top realtors in the country. >> i am a immigrants in the came here and i was able to sell these $20 million homes in the silicon valley and it is definitely a dream. >> reporter: he says once his masterpiece has a new master he will continue designing and selling and living his version of the american dream. in los altos, jesse, ktvu, fox 2 news. >>> so here is something you do not see every day, a 300 pound bear spent part of memorial day wandering your downtown lakeport before climbing up in a tree to relax. the bear was not there for long. game wardens tranquilized the bear with two darts, they then blindfolded the bear to keep him calm and released him unharmed on foul mouth. >>> finally some changes in the bay area weather pattern, we have been talking about clouds, rain showers and cool temperatures. more 80s and a few spots inching closer to 90, not for tomorrow but it is heading our take a look at the rainfall, may 2019 has been very wet but san francisco

just like i'm the nordstrom's does it grab their business interests and if register but unlike the. colleagues in the lower house they don't have to say how much those business interests have them although the government is said to be thinking about changing that security minister ben wallace has warned that parliamentary rules need to be changed for the sake of greater transparency countries this seek to undermine the west target vulnerabilities in the politics and media the u.k. has a strong mainstream media that gives us better resilience the most but i'm certain that one of our we points is where we lack transparency in our political system now a group of british politicians is pushing for a new law tech counter foreign influence. britain needs a foreign agents registration act we need to know the individuals and companies that lobby or act politically on behalf of other countries and their proxies including those in international sanctions lists we need a publicly available list of p.r. agencies reputation management firms and others who do this work needs to include m.p.'s and

gas i have a big problem with a 3rd country interfering in our energy policy german industry needs nordstrom to to enhance and it just supplies safety. saying morlock use of freedom instead of natural gas is like calling or oil a liquid bomb magnet except the latter is actually rooted in reality but well in the age of i phones and all out marketing they had to try. to get more expensive. rush of the well market price for gas and they have to because the u.s. made this agreement with john kirk to explore natural gas to europe and he agreed and he said ok we'll take a certain amount and the whole house will be a service so then business to try to make up. that the people that it is more expensive with the u.s. continuing to rail against europe's imports of russian gas that's life shevardnadze has been talking to in depth to kremlin spokesman dimitry peskov he explained why the nord stream to gas pipeline which is expected to come online next year has called washington worried the full interview as on monday the huge international project. that we've seen other projects being and did before it

the gas pipeline being built from russia to germany has passed a key milestone 50 percent of nordstrom too has now been completed r.t.c. only patrol gained exclusive access to one of the vessels laying the pipeline along the baltic sea bed. there you have it what's probably going to be the longest spaghetti string and the wall that is making its way through the seawater and the pace is what i've said. a lot. so we're projecting germany were going to stay friends with the. although the special and the numerous countries go out and make a pipeline. thank you. to be honest i try not to think it over i mean we have played all over the world political future for you the full member of the end of the day if you will not supply your someone else you are still worth if you get. there does it for me i'll be back on top of the hour with more than likely you are watching our international. after the previous stage of my career was over everyone wondered what i was going to do next the ball different clubs on one hand it is logical to know from fields where everything is familiar on the other i wa

gas i have a big problem with a 3rd country interfering in our energy policy german industry needs nordstrom to to enhance and to supply safety saying molecules of freedom instead of natural gas is like calling or oil a liquid bomb magnet except the latter is actually rooted in reality about well in the age of i phones and all out marketing they had to try. to get more expensive. rush of the well market price for gas and they have to tell us because the u.s. made this agreement with john kerr to explore natural gas to europe and he agreed and said ok we have a certain amount and the whole house will sell this so then this was a try to make. it a people that it is more expensive well will try to convince you or to buy its gas washington hasn't taken its eye off the ball as far as iran goes mean times again war the e.u. but the launch of a new trade make of this with around saying it will lead to sanctions earlier the u.s. later the consequences in a letter obtained by bloomberg engage an exhibit to the ground or fall of u.s. sanctions can result in severe consequences including a loss of acce

considering more products to slap tariffs on, watch out for comments from department stores like coles and nordstromarnings this tuesday. their results are also expected to have taken a hit from the long winter weather as shoppers typically tend to put off buying spring clothing. now that the weather is starting to improve what impact will that have on america's housing market? a report from the national association of realtors is likely to show sales of existing homes rose to 5.35 million in april, that's after dropping to 5.21 million in march. jane sydenham, investment director, rathbones investment management thank you forjoining us and welcome to the programme. we've been keeping an eye on the price of oil, relevant in so many ways but it's been rising and it doesn't seem to be stopping. there were one or two attacks on some tankers yesterday, drone attacks on pipelines and there is worry about tensions between saudi arabia and iran and what we got to remember is about a third of the royal '5 daily requirement for oil goes through the states —— the straits of hormuz. there is a general sense th

two more, lowes and nordstrom. it may be tough to get winning stroke going.o to the big board. qualcomm certainly lagging on the tech sector. the dow down by 83. sdaq falling 21. the s&p is down by nine points. michelle and kenny, back to you. >> thank you. >>> an emotional reunion at a bay area airport. a wayward dog back in the arms ofs it owner. >> it came as the dog ended up in michigan. twod a half-year-old benny arrived at sfo. the whole saga began in tennessee. gabby mcandrew and her husband moved to mow des modesto but one of the owners left the door open eye couldn't believe. it i thought he was dead. >> i'm baffled to tell you the truth. how the heck did he get there. >> right. that is the big cree but she found him. she shad show plans to tell her husband who is serving in the middle east. he is expected back home next february. >> after serving overseas that long, maybe the best gift. >> yes, and seeing his family, too. >> he's part of the family. >> i'm sure he's had many adventures. >>> you have travel times starting to keep up. let's look at wh

appreciates what vaughn has been able to do and he also comes from humble beginnings selling shoes at nordstrom'sfor school. he is one of the top latino realtors in the country. >> i'm able to sell the $20 million homes in the silicon valley and it is a dream. >> wants his masterpiece has a new master, he will continue designing and selling and living his version of the american dream. ktvu fox2 news . >>> if you use a landline to make phone calls and live in the 550 area code, you will have to dial of one before making a local call. the utility commission says that will start on june 22. you will have to dial one and then 510 and then the number. cell phones are not affected. if you have to reprogram fax machines get this information early to make way for the addition of the 310 area code starting in july. >> two people still use fax machines? >> i don't anymore. there's easier ways of doing it now. >>> let's talk about or weather. it's a pretty nice day today. >> temperatures below average. >> i am ready for warmer weather. >> we are on track to reach the upper 80s. maybe 90 degrees by sunday.