when you look at jc penney, i initiate coverage with a positive rating several weeks ago and there was a point at that point when he basically says, look, there are challenges at jc penney and the sentiment toward the stock had been way too negative and they were fast to dismiss the long-term potential of the turnaround and what we've seen in the last few weeks or so is that incrementally positive data points of jc penney and the event today in texas which i'm attending will be for most investors, the first time they see this store and what ron johnson's true vision for the company is. i would be nervous if i was a short here. >> brian, you write about a few things. one, you think the challenges are transitional and you mapped out some stores and you see they tend to operate in many areas without direct competition to macy's and then you talk about the tracking, at least for the month and the quarter looking pretty good.

penney will help lepore broaden the appeal of her brand. and it could also help the struggling chain spruce up its dowdy image. j.c. penney is in the process of transforming itself from a traditional department store into a group of stores within a store. so lepore's boutique, along with others from levis, liz claiborne, and arizona jeans, could help lure away business from internet retailers. >> the only way to do it is to make the stores visually different, where you know what? you enjoy the experience so much, you found what you wanted, you don't need to go to an amazon. you don't need to go on a macy's online. you are going to go to j.c. penney for that item. >> reporter: but sozzi warns the strategy is risky, and success will depend on more than just offering the right merchandise >> the service is key, in order to sell a whole outfit, and they have to do that at j.c. penney, because they are investing so much now up front, you have to have the hand-holding. as soon as that customer comes in the door, an associate has to make eye conta

to contrast them with jc penney, macy's is on fire. jc penney, there is a lot of criticism.umbers are down. >> absolutely. uh m macy's put together great results. terry lundgren and the team have continued to hit the ball out of the park. we have been beneficiary of that with our tommy hilfiger and calvin klein. they are two of the largest brands within their complex. we are benefitting by their great execution. i would like the to think we're a real significant part of their success as well. >> going forward, there were two items in the conference call that were confusing to me. you're worried about foreign exchange head winds. the dollar has been getting weaker here. the second is that i have been waiting for the raw costs to go down. you are talking about maybe a 5 to 7% break in raw costs. couldn't it be more? cotton is up huge. >> raw material costs are down more than that. the 5 to 6% is overall finished goods including labor. >> cotton isn't everything. >> raw materials aren't everything. labor is a bigger component. clearly the benefit we will see in this year's thur

the operations of jc penney have not gotten 50% better.s the stock price would be ahead of the fundamental performance of jc penney, what i think is happening is we have a the lo of the negative sent ement and the shorts have started to cover, and what i don't get the sense yet is that the investors have started to take the really big, sizeable, long positions of jc penney and i look at that as a positive because as the story continues to come together you will have investors covering shorts and i think that's what will take us to the next level. >> brian, have fun in dallas. >> thank you. >> we'll see you later. brian nagel joining us from oppenheimer talking jc penney. >> we'll have the analyst behind that call next, but first, gary kaminsky's got a big interview coming up with the man behind double line capital, a huge manager at this point of bonds and, man, gary, he's had a great call, hasn't he? >> and david, you will know that this has been an amazing success story. we will sit down with jeffrey gundlach and we'll talk about bonds a

partnering with penney's. investors liked the news: j.c. penney stock closing at $29.09 today, up fractional. the shares have jumped 51% since mid-july. but looking at the broader markets, tom, i guess you could say it was okay cautious day despite the strong housing numbers and also lower oil prices. investors still playing it kind of safe. >> tom: yes, a cautious day, but a day we did see stock prices try to crime to post recession highs, closing just below those levels. >> tom: the stock indices managed small gains on the heels of the housing data we reported earlier. it was another session of narrow trading ranges. ssiots pont-recessionithin high during the day. some selling in the final ten minutes erased some of the earlier gains, with the index finishing up a fraction. volume picked up a little. 639 million shares on the big board. almost 1.9 billion on the nasdaq. consumer stocks were in focus, with the discretionary sector putting up the best sector gains, up 1%. energy stocks were again the drag, down 0.9%. the august housing data

disney boutiques will launch at 500 penney's stores by next fall. from mickey mouse to cinderella, disney will bring its goods to so-called mini-stores, with a thousand square feet of selling space. it joins levis, izod, liz claiborne and other brands partnering with penney's. investors liked the news: j.c. penney stock closing at $29.09 today, up fractionally. the shares have jumped 51% since mid-july. but looking at the broader markets, tom, i guess you could say it was okay cautious day despite the strong housing numbers and also lower oil prices. investors still playing it kind of safe. >> tom: yes, a cautious day, but a day we did see stock prices try to crime to post recession highs, closing just below those levels. >> tom: the stock indices managed small gains on the heels of the housing data we reported earlier. it was another session of narrow trading ranges. the s&p 500 climbed within pennies of its post-recession high during the day. some selling in the final ten minutes erased some of the earlier gains, with the index finishing up a frac

penney will offer free haircuts to kids in november.they did a promotion in august cutting the locks off more than 1.6 million kids. >> all right. the pom and serks of the conventions are over. now it's back to the campaign trail. republicans enjoyed a bump in the polls. now what are the democrats feeling? >> plus, miley cyrus make headlines. why police were called to the singer's home in los angeles. anncr: this casino's in west virginia. but it makes millions off marylanders every year. now they're running dishonest ads. why? because voting for question seven is a vote to build a... world-class resort casino in maryland. creating thousands of jobs and... ...according to the official department of legislative... services, hundreds of millions for our schools. while saving taxpayer money by cutting casino subsidies. question seven. good jobs and better schools in maryland. not west virginia. >>> all right. i'm meteorologist wyatt everhart. we're look at a crystal clear maryland, nothing on the radar. that's the way we like it for footba

. >> jc penney up 1%. >> you look at this.e haircuts. >> they are extending that promotion every sunday for children. you can't go to jc penney and get a haircut. >> i was so fired up. >> what is better than being at jc penney on sunday for a free haircut. >> with a bunch of kids. >> can we color also? >> volatility spiked back into the market place. we are still talking about extremely low levels. if you are in the market right now or want to enter get some protection. >> chinese made an announcement to push for more domestic use of solar. to me this is the same story that we heard on the expectations if demand were to increase. stocks moving back. wouldn't buy it. wouldn't be short. no trade. >> nike up 1%. >> nike is going to be the beneficiary as lemon seems to be running out of gas. the nike chart from this summer is really pretty. it broke below $90 and has been a series of higher highs and higher lows and reasonable growth in the stock price. >>> we have a pop for bacon. the new oscar mayer promotion asks do americans l

j-c penney is announcing a new promotion for customers. starting in november... ssnday will be "free haircut" day... for kids in kindergarten throuuh sixth grade.the company had a similar prrmotion in august... offering free back-to-school haircuts.the move is part of a new series of thh move is part of a new series of initiatiies... aimed at revamping the company's sluggish sales. helping othersson this day of rememberance. talk about a win-win-win. win-win. joel d. smith is live ii gambrills to show us how you can do it all in the same pplce. place. good mmrring joel dd 3 3 commng up... a beautiful start to the day... how long these temperatures will last... and see rain the forecast. &pthousands of lives lost... on this somber anniversary of the 9/11 attacks.we take you live to new york city... wherr a memorial service is just minutes away from starting. 45 morning news.. all local.. - all morning. ((break 5)) 3 ((ad lib meteorologist)) 3 map belairfiberwilkens295map 3 - 9/11 memorial ceremony at - bagpipers and drummers will lead the world trade center flag t

penney suffered two consecutive quarter losses with a drop in sales.uch more to come. >> this enormous home is no force tsale-92 a.. is on top of this help. it is--now for sale. with a pool, two different lakes tennis court and a barn. it is 9000 square feet with nine bedrooms 8.5 bathrooms and a caretaker's cottage and a 2- bedroom gated house. they are selling this at $85 million. grant lotus, kron 4. >> still ahead and update on the raiders monday night opener. and buster posy and the giants battling the rockies in colorado. all of your sports, coming ou rockies in colorado. all of your sports, coming ou hello? the words are going this way-there's no way. rockies in colorado. all of your sports, coming ou oh, the lights came on. isn't technology supposed to make life easier? at chase we're pioneering innovations that make banking simple. deposit a check with a photo. pay someone with an email. and bank seamlessly with our award-winning mobile app. take a step forward... and chase what matters. now, here is stanley roberts who found people behaving b

penney stock took a big hit as a department store struggles to remake itself again. j.c. penney has done an about- face on its sales and advertising strategies that customers have not responded. the store expects financial struggles to continue for year. an investigation found major u.s. companies including microsoft and hewlett-packard have shifted profits offshore to avoid paying billions of dollars of taxes. microsoft shifted assets to pr saving more than $4 billion of taxes. both companies say they are complying with u.s. tax law. democrats and republicans have been at odds over how to stop companies from doing this. in the us something about that doesn't quite sound right to me either. $4 billion. >> are you ready for the weekend? >> i am ready. >> we have a nice weekend? >> the first weekend of fall, temperatures will start to warm up just a little bit, patchy fog outside, some good news as you got mostly clear skies and some of the valley's. some temperature's down in the 40's. 60s out towards much of the coastline. it will be a short morning trend today and probab

penney will be offering haircuts for kids from kindergarten to sixth grade. . this move is an attempt to revamp the company. this is not offered at every j.c. penney only the ones that have the salon inside. >> we [ female announcer ] they can be enlightening. hey, bro. or engaging. conversations help us learn and grow. at wells fargo, we believe you can never underestimate the power of a conversation. it's this exchange of ideas that helps you move ahead with confidence. so when the conversation turns to your financial goals... turn to us. if you need anything else, let me know. [ female announcer ] wells fargo. together we'll go far. >> >>darya: good morning pin hear the top stories that we are falling. >>mark: we would take a live look at the world trade center in new york. we will take you live to the memorial services. >>james: there will be a memorial service tonight for the young man that was found dead. let's go to weather with erica. >>erica: it will climb into the upper eighties for your warmest inland areas. we are getting some coastal fog that will

jc penney will begin offer free haircuts for children on sunday starting in november.e was an overwhelming response to its offer last month not sure the kids liked it. possession was tops at the box office slowest weekend in 11 years the film sold just 9 1/2 million dollars worth of tickets, very underwhelming. that is america's money. >>> 5:14. students in the nation's third largest school district will not be in class, chicago teachers call a strike this morning, possibly affecting 400,000 students after months of negotiations the issues preventing a new contract are standard too diced testing and teacher evaluations -- are standardized testing and teacher evaluations. >> after the new system can result in almost 6,000 teachers, 30% of ourmen discharged -- of our membership discharged in one or two years. >> this is unnecessary, avoid and our kids do not deserve this. >> this is the first time in 20 few years chicago teachers have gone on strike. 25,000 teachers are hitting the picket lines. you are looking at a live picture. >>> 5:15. new study shows marijuana use m

some merrill lenders say penney pay when service is stopped. >> as soon as they stop paying power, i will not be reliable in paying my bills. >> some companies say they used charge for the entire time a customer was out. they can only charge about 24 hours. money asthere are out well the commission is expected this in the next couple of weeks. >> thank you. the latest on a developing story. anotherager is dead and injured following a standard -- a single-car accident. injured.r was not passenger, a 16-year-old, killed. sister, a 14-year-old, was injured. more on that tonight. struck by a police car friday night, a student, a 15-year-old, janaya richards. police were responding to a call fight after a football game. >> we are 43 days away from the election.al both candidates focus on other keynd battleground states. working hard to appeal .o a key group women voters. scott is live in the news room. for just a minute here, let's of the election in boxing terms. a fight over a different type of voter. virginia, one of the biggest the fight over the women voters. four republicans, she is

after a big response to its free haircut for kids program last month, jc penney says it plans to make the offer permanent every sunday starting in november. >>> finally, talk about a wise investment. a predecessor of suntrust bank took $100,000 worth of coca-cola stock in exchange for working on the company's ipo back in 1919. last week the bank cashed in those shares for nearly $2 billion, that's billion with a b, dollars. >>> a stellar nfl rookie debut. a tennis woman's fourth consecutive title. a former colt reaches an nfl milestone in new colors. your early morning sports headlines are straight ahead. >>> actually looking good for the final matches of the open today. we'll check out the forecast coming up. you're watching "early today." >>> and a very good morning to you. if you're just waking up, this is "early today." in sports, it's back to football, as most teams took to the gridiron yesterday for the first game of the nfl season. here's nbc's fred roggin with an early look at all your sports headlines. >> good morning. the wait is finally over. let's do it. the nfl is back. w

in buffalo, new york, learn about the notable land mark at architecture exposed at the burchfield penney art center. and that's your "early today" event of the day, lynn. >> all right, bill, thanks so much. >>> and now here's an early look at this morning's headlines in entertainment. you can add yet another honor to the beatles' long list. this coming weekend french president francois hollande will decorate him with the highest public distinction. >>> elsewhere a nadial power couple is taking stake. dion phaneuf and his long-time girlfriend/actress shubert became engaged over the word. >>> tmz reports bobby brown is out of rehab, denies he leftarily and writes he's 20 days early. >>> the 57-year-old actor was considering legal architect from apple because he wants to leave his digital music collection to his daughters. >>> and bieber released his photo of his knew tattoo. the crown. it marks the 18-year-old's seventh tattoo. how about that. >> do you want me to print that out for you? >> put it in my locker? the pop star got the first, a tribute to jonathan livingston see gull on his 16

. >> drop for jc penney down 4%. >> coming to me again. >> there was a mix up. >> i'm more familiar witht. it is down close to 5% today. i didn't see any particular reason but as people maybe let that johnson presentation mar nate a little bit it is very tough going for jc penney. >> i love mareinating. roast. >> speaking of it i have a marination question. >> tigers don't -- >> there is a reason he is hanging out. >> don't get on the tiger. >> do you have an answer before we move on on why the tiger didn't eat the man. >> it says something about the gentleman that did not make him -- >> not tasty i guess. here is the pop for october fest. the celebration has been chugging along for 179 years. the festival began with a keg tapping by the mayor of munich. the event will bring tourists to the german city over next two weeks. >> what is your favorite ale? >> unbelievable. find out what share holders can send it to double the price. much more fast right after this. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at o

. >>> jc penney spiking more than 10% as ceo ron johnson says the new shops and boutiques in the storesually working only to plunge when he said the second half would be like a first. is this a textbook short squeeze? >> so you have this event during market hours. you have people lined up on both sides. a lot of activists are behind this thing. you have a massive run of 50%. you are not going to see and johnson told us that today. we are not going to see immediate results here. investors took it up on hope and you had people who came in and slammed it down. this seems pretty fairly evenly matched and the main event is early november. they don't give guidance anymore. the color on comps and the holiday season will drive this stock. we will see if this rally sticks. >> i am short. there was something for the bulls and the bears in that presentation. what it really spiked on was them saying that the shops were up. if the rest of the business is down 20 i don't know if that means 20% improvement. there was never a clarification of that. the thing that really turned the stock out the door wa

penney's and the movie theater. while general growth's did not return our calls, pimco did, telling us that owings mills mall is not for sale. it's a long-term hold for us. he county executive who was very excited was not available for comment. a spokesperson only said pimco when general growth properties still have a contract to redevelop the mall. >> america's realty has given the go-ahead -- says if given the go-ahead, it could have the project done within the next 2 1/2 years. the only thing concerning this story is no one knows or at least they're not telling me what the future for the mall will be. >> u.s. security officials ruled last week's killing and libya a terrorist attack. >> one major question remains. we'll have the latest coming up. >> the latest political ammunition in the race for the white house is a 14-year-old audio tape. you'll your part of it, coming up. >> the orioles get younger in the bullpen and after last night, they will need that youthful energy. [ male announcer ] airtran airways is ha

great piece, this is liz claiborne at jc penney and the pants $17 at h & m.s one happens to also repeat the black. >> and the red and the polka dots. >> yeah, there are lots of repetitions in general. but the color's going to be the first key to look for. you see the common color here and you'll see also another example here, the common color is the navy and the purple. so this really helps tie them together, but accessories can really anchor your look. you see the black glasses, necklace, and shoes can sometimes tie it together. you can put a red belt and a red shoe to give you a point of reference that can bring the whole ensemble together. >> i love it. also talking about scale, you say play with scale, as well. because i guess the size of the print really matters too. >> we hear different rules, and there are exceptions. but the general rule if you're looking to do this at home, look for a smaller print like the leopard, which is a great classic. but don't be afraid of a bolder floral print. something a little bigger will complement that. and you can also

we talked about jc penney finding their savior in ron johnson.re chairman of the board of radioshack, is there someone you say, that's who we need? >> i wouldn't hire julian day. he's the reason gooch was in the situation he was. maybe you could hire someone like sharon mccomb who used to be the ceo of williams-sonoma, well regarded. paul raines, well regarded at gamestop. i don't know if this is compelling enough for them. >> bottom line, is there a reason to buy this stock at 2.60 a share? >> we have a hold rating. there is upside potential and downside risk balance. i don't think they are going out of business. it seems like waiting for them to go out of business is like waiting for godot. >> nice reference. thank you very much. >>> all right. finally in the third and long, barnes & noble have lost half the value in four years. today they are going after amazon again. maybe google and apple. they announced a new high def version of the nook tablet. joining us, peter walsh from equity analysts at morning star. can the nook hd refloat barnes & n

great piece, this is liz claiborne at jc penney and the pants $17 at h & m.s one happens to also repeat the black. >> and the red and the polka dots. >> yeah, there are lots of repetitions in general. but the color's going to be the first key to look for. you see the common color here and you'll see also another example here, the common color is the navy and the purple. so this really helps tie them together, but accessories can really anchor your look. you see the black glasses, necklace, and shoes can sometimes tie it together. you can put a red belt and a red shoe to give you a point of reference that can bring the whole ensemble together. >> i love it. also talking about scale, you say play with scale, as well. because i guess the size of the print really matters too. >> we hear different rules, and there are exceptions. but the general rule if you're looking to do this at home, look for a smaller print like the leopard, which is a great classic. but don't be afraid of a bolder floral print. something a little bigger will complement that. and you can also

tubería se rompió causando un incendio, en richmond tenía el grosor de una moneda de un centavo o un penneys había detectado y cambiado un pedazo de cañería oxidada y delgada. el inz centro doy del 6 de agosto pasado. mandó a cientos de personas al hospital con problemas respiratorios y disparó el precio del combustible por 4 dólares por galón redujo la producción de crudo. >>> el condado de santa clara independiente de su situación migratoria. y analizarlas propuesta para decidir si se implementa o no los parto ta ríos de la medida argumentan que mejoría los procesos burocráticos y permitiría a los beneficio ríos tener acceso a servicios vitales. >>> es una forma de dentro fui considerarse y utilizarlo en los servicios que están recibiendo ahorita. >>> la ciudad de san frab cívico, lanzó un programa similar, que brinda acceso a bibliotecas y otros servicios públicos pasó menos de un mes desde que enviaron las solicitudes de acción diferida y de manera inesperada hay un pequeño grupo de jóvenes que lograron que se apruebe su trámite más rápido de lo que muchos esperes ban. >>> y otros ya es

jc penney wants to help you out. november 4th, they will offer free hair cuts to kids every sunday. the company tried this last month. it was so saysful they decided to -- successful, they decided to keep it going. they lost sale drops as shoppers have been turned off by the new pricing plan. the strategy involves eliminating hundreds of sale events in favor of everyday prices. >>> canadian dance studios causing a stir with the latest class, pole dancing. >> the instructor says it's about fitness and fun. children who pole dance get excellent cardiovascular and strength workouts. she has four kids enrolled. parents take the adult class. >> my dance students will have pole at home to practice and stretch. it would be great if there was classes to learn how to properly do something. >> ds pole dancing is not new. there is a national pole dancing championship in russia. that was last week, kids as young as 7 were allowed to compete. we want to know what you think. we got responses this morning. weigh in about whether or not you think this is appropriate for little ones. >>> meeting wit

this beginning november 4th, jc penney will offer free hair cuts to kids every sunday. they tried the promotion last month and it was so successful, they are continuing it. more than 1 million a half children got the free hair cuts. >>> school bells maybe ringing but it remains to be seen how many are going to show up. tens of thousands of teachers and support staff in chicago plan to walk out this morning at 7:30. it would mac the first time they have gone on strike in 25 years. the union says it was not able to agree on a contract with school officials over pay and other matters. >> i'm disappointed that we have come to this point given that the other partys ak knowledge how close we are. this is a strike of choice. because of how close we are, it is a vic that is unnecessary. >> your union put together a researched based solution to softing some of the problems -- solving some of the problems in chicago. >> chicago is the nation's third largest school system in the country. >>> an officer the president's motorcade is killed in a traffic accident. andrew spencer has m

howard penney, i guess i need to have a mcrib.very much. >> take care. >>> up next, the shocking disconnect that shows how much we are spending to connect. [ male announcer ] for the dreamers... and those well grounded. for what's around this corner... and the next. there's cash flow options from pnc. solutions to help businesses like yours accelerate receivables, manage payments, and help ensure access to credit. because we know how important cash flow is to reaching your goals. pnc bank. for achiever in you. ♪ [ male announcer ] introducing a stunning work of technology. introducing the entirely new lexus es. and the first-ever es hybrid. this is the pursuit of perfection. and the first-ever es hybrid. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapte

penney. it turns out in the j.c. penney stores are going to be some disney boutiques.will have exclusive disney items and just reporting this, this will begin next fall at 520 stores or so could be more and they have deals with walmart and kohl's and macy's. these will be more exclusive to j.c. penney according to their lead merchant. and they range to 1100 square feet and will be available next fall. look at the bottom markets. the dow and nasdaq and the s&p in the green. we have that back and action. [talking over each other] cheryl: see you soon. oil continues to fall after a huge build in inventory. a fox business contributor joins us from the cme with more. worries surprised about the inventory? >> i was. it was four times what the market was looking for. i thought there might be a surprise where it is going but if you look at this most of the move was before the report came out. maybe this is will the saudi arabian version of economic stimulus because their pledge to raise production really pushed down the price of oil. when the report came out normally you get a

. >> and jc penney was down 1%. karen? >> that's because it's too expensive. very pessimistic on the turn around, the valuation here too high unless ben starts growing money at shareholders of jc penney -- >> oh. >> pop here for cbre group, up 6%, mike? >> this stock is up double digits over the course of the last five days. the fed had a lot to do with that along with the fact the banks have sold about $1.25 billion of cmbs of the past week. this is going to fuel a lot of transaction. >> and a pop for biceps. the body builder named mustafa has firmly grasped the world record for largest biceps, 31 inches around. bigger than my waist. his muscles are roughly the size of a man's waist. while some have likened his appearance to popeye, he says he's got the cartoon sailor beat. i would say so. >> wow. could've used him at the embassy. >> could've. >>> coming up next, a bold and unlikely way money managers are betting on europe. reveals what is driving the trend when we come right back. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-80

jc penney has announced it will bring back its free hair cuts for kids promotion. every sunday, children in kindergarten through 6th grade may receive a new "do." the retailer decided to bring back the program after a large turnout from a trial run. the program returns november 4th. hollywood has a case of the box office blues. according to the la times, weekend ticket sales totalled $67 million, the lowest number in 11 years following the 9/11 attacks. industry insiders blame it on families in back-to-school mode. "the possession" was the top movie with ticket sales coming in at $9.5 million. also making the top 5, "lawless" at $6 million and "the words," starring bradley cooper, which opened last weekened with $5 million. "the expendables 2" brought in $4.7 million, while the "the bourne legacy" earned $3.9. still to come, how to get your hands on a credit card with zero interest. that's later. but first, going back to school. why u.s. manufacturers are focused on classrooms. we'll be back right after this. you have to go out and ask america. we're talking to peo

bahrain's government has announced it will sue the opposition over a band launch penney's once again resorted to tear gas and stun grenades to disperse the latest on authorized demonstration dozens of people ignored the government's ban and took to the streets demanding the release of prisoners of conscience bahrain has been witnessing constant protests since the end of august the latest follows tuesday's court decision to uphold the guilty verdict for opposition activists accused of plotting to overthrow the government. and he's a geopolitical analyst for the u.k. called a web site thinks it'll take a lot more to break the protest movement. but the problem in bahrain is this is an actual democratic reform movement this is a real arab spring movement this isn't like the kind of fake arab spring that you saw in egypt this has been brewing and boiling over for over one year now but yet it's been more or less not commented on at all in the global mainstream corporate media and some of the state run media organizations like the b.b.c. so i think it's obvious why rain is hosting the u.s.

. >>> after a big response to its free haircut for kids program last month, jc penney says it plans toake the offer permanent every sunday starting in november. >>> and finally, talk about a wise investment. a predecessor of suntrust bank took $100,000 worth of coca-cola stock in exchange for working on the company's ipo back in 1919. last week the bank cashed in those shares for, get this, nearly $2 billion. that is billion with a "b." >>> a stellar rookie debut, a tennis pro notches her fourth u.s. open title and a second consecutive golf title. >>> plus a former colt reaches an nfl milestone in new colors. your first look at sports is straight ahead. you're watching "first look" on msnbc. vital resource we need to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america

penney and bed bath and beyond. contact manufacturer for a replacement. >>> michael phelps has more medals but has a talent other than swimming and that's earning big bucks. >> good morning maryland at 5:00 begins right now. >>> a woman is dead and a neighbor injured after a weekend fire in the city. we will have more from the man whose efforts trying to save the woman from a burning home. >> and the upcoming trial for john leopold has anne arundel county look into who should foot the bill. the measure they will condition. >>> the president heading to louisiana to survey the damage left behind by isaac. we will look at that ahead on this monday morning. but first, check out the new video from washington, d.c. where remnants of isaac being felt. look at this emergency responders that spent most of the night in dc helping people whose cars were stuck in the fast rising waters. the flooding also prompted the closures of several metro transit stations. >> forecasters say flash flood something possible for the next few d

penney shares saw heavy selling. the stock fell 11.2% as volume almost tripled. the department store has been trying to turn itself around, but it was unsuccessful in its effort to wean shoppers off of discount pricing. four of the five most actively traded exchange traded products were down. the s&p 500 tracking fund managed to squeak out a one penny gain. and that's tonight's "market focus." >> susie: while many are seeing slowing in china, starwood hotels sees the asian market as a major growth opportunity. the hotel ain opened its largest property yet in macau today on the cotai strip, an area known as the vegas of the east. ruben ramirez reports: >> reporter: at 4,400 rooms, it's the largest hotel in macau, and starwood's biggest property globally. >> for the first 2,000 hotel rooms we'll have open, we'll be sold out in the first week which is virtually unheard of for any hotel, let alone 2,000 rooms. >> reporter: starwood operates more than 100 hotels in china. it plans to double that number over the next few years. >> year to date we've signed deals to ope

is why people get very angry they may actually talk about taking another time when china and to penney's know in a very intensive situation be us talk we still can embody a defense system in another occasion in another town that maybe the situation is not big intense. he's close to sewing it's russian interests daniele's up a business desk what's the story and yes russia's all major roles now closing in on t.k. b.p. the state firms reported to be boring fifteen billion dollars to buy half the raso british venture from b.p. president vladimir putin held a surprise meeting with execs late tuesday in store cheap talks focused on expanding the peace presence in russia with the british firm eager to keep a lucrative foothold. now let's check out how europe just closed let's get their new figures the closing figures excuse me for you on the screen heineken shares were higher as it moves to buy a toy good beer the euro has swung into gains in the last few hours officer days of losses the ruble is also dropping to the single currency new york is creeping up slightly as it moves into the off the

penney. safeway shares have been trending lower since april. today they gained 4.3% to their highest price since july. the spin-off could happen in the first half of next year. three of the five most actively traded e.t.f.'s were down. the russell 2000 fund gained a fraction. the financial sector fund was unchanged. and that's tonight's "market focus." >> tom: still a week before voters cast their ballots for president. tonight's street critique guest has investors and traders already voting with their money. jeff kleintop is with us, from lpl financial. so here we go, several weeks to go. which direction do you think the investment market is leaning? >> you know, the markets based on our wall street election poll appear to be pricing in a status quo outcome for the election, based on our wall street election poll that looks at a number of industries favored by democrats and those favored by republicans. the democrats have been leading lately and these are infrastructure related industries, things like construction materials, construction equip