fell 4% in the last it was the biggest loser on the s&p but it was just one of a number of retailers that lost sales including coles and nordstrom'sppens as more people are shopping online. >>> the labor department reports that claims for jobs fell by 2,000. last week the government reported the unemployment rate fell to 4.4% last month, its lowest level since 2007. >>> america's largest wireless carrier verizon will by $3.1 billion to buy straight pass communications. they can be used for super fast, next generation, and broad band services. >> back by popular demand, mack & cheese cheetoes are they're made of mack and chief in cheetos shaped sticks that are deep-fried. last summer they were constantly sold out. this comes up may 178th. anne-marie. >> i feel like it's a color we've never seen in nature. >> cheetos orange. >> only in america. >>> still ahead, military hardware comes out of retirement for a new fight. >> i'm chris martinez in sacramento, california, where aircraft once used to fight in wars are being repurposed for a different kind of battle. i'll tell you about their new mission coming up. just head & shoulders? (

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

s&p futures down 5. lauren: there could be more pain for retail sector, nordstrom stock under reporting earnings.l sales numbers from the government. nicole: show me the moneys, mcdonalds offer incentives, we will take a closer look. lauren: in spurs the san antonio annihilate the houston rockets to close down series. we have highlights. nicole: 5:31 a.m. in new york, we welcome you fbn:am, latest breaking news. lauren: u.s. reaching a major bilateral trade agreement under the deal china will open its borders for beef, finally ending a ban imposed in 2003 ahmad -- after a case of mad cow disease. nicole: china would also issue guidelines to let american firms such as visa and mastercard offer electronic payment services there. the u.s. would facilitate the entrance of chinese banks into the american banking market. the agreement comes about a month after president trump met with chinese president xi jinping in florida, the u.s. trade deficit with china totaled $310 billion last year. it represents about 60% of the country's total deficit. lauren: president trump saying he wants to get to the bott

s&p 500. continued news on the micro level on retail that is disappointing to say the least. jcpenney and nordstromoth out with numbers and continuing with the trend that we heard from the likes of macy's and kohl's and dillards yesterday with same-store sales declining. jcpenney has sales down three and a half percent. nordstrom seeing a decline in the full price and website sales with 2.3%. nordstrom rack is down 0.9%, although analysts pointing out that nordstrom missed estimates by a smaller margin than competitors. not helping the stocks that today. i want to bring back something yesterday which is the comparable chart in terms of stocks of the changing face of retail. the one line doing well in the past five years is amazon and really outperforming the rest. you have the apparel manufacturers and white and department stores and blue and specialty retail and yellow. breakoutthe story, the that happened with amazon versus the others mid 2015. a quick check on the u.s. dollar as well. bond yields are down in the u.s. and the dollar also really took a hit after that retail sales number came out e

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

s." toyota, and disney, and twench century fox, whole foods, thursday, macy's and nordstrom, friday, jcpenneyantime back to becky quick who is in omaha with our special guest. becky. >> andrew, thank you very much. we're live with warren buffett after speaking to shareholders here who made it to omaha, about 40,000 or so. joe just mentioned ted top, the markets are probably not that surprised with the result of the french election. macron winning and le pen going ahead sand admitting defeat. when did you find out about the french election. when did you hear about lin pe conceding? >> when did i hear about le pen conceding? >> i went to bed early. >> it wasn't something you were waiting around on? >> no, not really. i can't think of what i really have done much about purchases or sales in connection with any election. i mean, every time -- when i was a kid, every time a democrat got elected, there was a wake in our house. and my father would start storing suggestore ing sugar or something like that. so, i learned not to put too much weight in any given election. >> so, this is not something --

s&p down 4.75%. right now, no records for the major averages today. >> few points below the levels. >> department store stocks lower, macy's, kohl's sinking on reports of earnings. >> nordstrom'sa hit, down -- look at that, 7.5%, reporting earnings after the bell today. more on if the dip is a buying opportunity for the department stores, bringing in liz, and david, bullish. interesting to hear a bull case for the department stores, asking earlier, i guess, them bought is one, but it's a near term play, isn't it? what are other reasons there are value in the spaces right now? >> well, i think the opportunity is, look at walmart and what they did with investing and buying platforms online. the one thing good of department stores with cash, there's opportunities out there. i was at a board meeting today when i heard from you guys, a company called frame bridge. they do online custom framing. i mean, it's a great way to connect with customers. there's a lot of companies out there that can leverage that connection. i mean, the thing of facebook and google, all of those guys bought a loft of the research and development, there's an opportunity system in the companies with the cash