penney in that group. >> no, it's difficult.ou have to rank them. >> i think the forerunners have been macy's j.c. penney, and dillard's an interesting opportunity. and they have a great southern base, a lot of opportunity to expand their e-commerce and digital space. we think that that's what -- >> i've got to bring in one thing. if you come back to conn's and make a positive view of conn's, their customer can't go to amazon or online, because again much of their customer base is the subprime base. >> are you saying people in texas don't have access to the internet? what argument are you making? >> i'm making that case -- that group may not have credit cards, the group of conn's customers, the big group may not have credit cards. >> as we all know, every hedge fund that got into the real estate space or any investor was that it's a real estate play. then about leases, and you really don't own the space or you do. are these trades good fundamental companies? or is it literally i want the box space, i don't care. >> i think it's

penney down 15% so far to date. back over to you. >>> thank you very much. dom. are turning 5r7 from consumer discretionary, they're piling into consumer staples. you still have to buy soap, toothpaste, and the classic memt they'll do better than the rest of the market during times, and we've certainly seen that. you've seen that over the last three months. if you look at the s&p 500 versus one of the staple etfs you have started to see this reversal. if you break that down even further, it's interesting to see the action, because tobacco stocks have been doing the best. >> why is that? >> a few reasons why. when it comes to tobacco, janelle yellen this week emphasizing low rates. we got that message. toe batto stocks do well in a low rates environment. so you have that. there's a lot of talk of m & a heating up in that sector. >> speculation -- >> about american, and reynolds. then the s&p 500, they're also relatively cheap compared to the others, because they had underperformed on talk of higher interest rates. so you have tobacco working, some of food stocks a

>> i think jc penney, believe it or not. never thought i'd say that. jc penney looks really good. they have athletic, they have dresses. for compared to last year when you look at the entire department store space, there's still a lot of work to do. but compared to last year, absolutely. still like macy's, too. and we love, you know, and then a lot of handbag companies will fare well in this particularly with easter. >> thank you so much for joining us today. >> thank you. >> mary and courtney. >>> speaking of retail, by the way, can you guess the best performing retail stock this year? do you know what it is, mary? >> i don't. >> not a true retailer. we have a sneaky tease. >>> plus stocks right now are sharply lower. we're all over this selloff when "street signs" returns. the dow off by nearly 200 points there, and the nasdaq is the biggest loser percentagewise, off by 2.6%. stick around. >>> the cnbc realtime exchange market snapshot is sponsored by interactive brokers. , are we str tomorrow? tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full o

other big bucks retailers that have gone out of business, we want to turn amazon into woolworth and penney'sand sears and all those other dead retailers when we have this great growth we should be investing in. >> is it really fair? does this give a competitive edge to amazon over the brick and mortar retailers? >> i was the biggest fan of the grilled cheese at woolworth's when i was a kid. >> you're dating yourself. >> so fun. >> it was the best ever. but that's not why woolworth's went out of business. look, people are shopping online, bottom line, and, unfortunately, it's complete unfair. i don't want taxes at all. so either get rid of sales tax all around, brick and mortar and internet, which we all know that's not happening any time soon, or you level the playing field. it is just not fair. or you're going to put every brick and mortar business out of business. >> okay. jonas, weigh in here. >> it's a tax we are supposed to pay anyway in many cases. just because we're not paying it, it is not collected by amazon up until now in some states doesn't mean it doesn't exist and it is not rea

even dave penney is the kind i include jan hunt. the state's new companion is home to one of the country's knows what the eagle shooting ranges. i was testing the ammunition he and the mosman taking his time get so much then as the state and eighteen and five. the bill. he's been caught sleeping for examination. we've been putting it. the result shows that the quantities and creamy nation is just as offensive as conventional nextel open its bad old habits die hard. most people are going to mean abandoning lead ammunition isn't really a current issue here because ultimately we hunters are concerned about the effects of the rather than its composition. in other words manufacturers must ensure what they're selling on the market will allow us to fill various types of game from different ranges in a humane way and in compliance with hunting principles. when cohen. he missed a gemini three hundred and fifty thousand ounces will continue seeking think that trusty guide the nation. then pray should be dispensed with as quickly and painlessl

sacred heart school and saying, let's hope it's not going to rain, and the sale wi will be on at penney's and i can buy your shoes then. it was on my mother's lips the name of allah. i didn't hear it. right now in this dangerous world, indonesia there are many muslims who do not like the christians habitually using the name of aulai when they refer to god the father. it is now a crime in kuala lumpur when they are not otherwise investigating the disappearance of an airliner, to arrest christians who use the name of allah. in fact it was recently a catholic priest who was arrested for such a crime. that is where we have gotten. but when i think of the inherit tenancy, i think it is in mean. i think that there is something -- you know, the catholic civilization comes to spain and chases in 1492 chases off the moore and the jew. the same year the catholics come to the new world ask there's both the construction of the world and the expansion of the world. but nothing is over in history. we carry -- now it's like a madness. now i look at a name like alvarez, good, hispanic name like alvarez,

nothing is free the irs will tax the penney's senior golfers nothing gets on your nerves more than emailsstar even as he admits he is not cool and will never be cool this is the kind of e-mail that sets you off with my bare my soul to the world. >> that some of fox alert you are not cool? talk about stating thought obvious marshmallow man. neil: that is the best? >> news flash you are ugly also. >> not a warrior princess just because you had success gb a loser does not mean you get beat up because you admitted it. neil: what? to make you are very cool to say you are not cool that you are not conforming that makes you hip. your very indifference makes you hot in this college junior costs on new money man. >> you are so cool. neil: to share. >> you are not cool but good but then obama is cool so what does that tell you? neil: i have no idea. not good? >> thank god for you mr. cavuto. civic thank god you are a skulk and fox. neil: you just added dusk don't. >> you are the cutest i love your show. >> and i cannot believe the total lack of class then you put them on the air. don't give the pol

jc penney, sears, all those higher today. why?e-risking, not complicated. >> many stocks already flying high is it too late to jump on those names? pete is the bull and joe is the bear. pete, you're up, make your case. >> i think goldman is a little late for this story. this has been playing out for six months. this is an area i've been in and love. i continue to like it. i don't love it but i like it. they put it to attractive. i think what's really important here they have improving demand, they have pricing power, we talked about that. the big majors as they've been integrating become more profitable. look at earnings per share and revenue numbers, outstanding. you look at the load factors, that continues. i see all of this can continue and this is why i'm still bullish. i don't know it has the same sort of lead time to get to the upside now much further than they are now but i think they all have 10%. >> i think correlating rising to the gdp and wealth effect trade. i'm concerned about that over the next three months. i like t

today marks one year since jc penney made the changes in the corner office.olman. has the change been enough? if you look at the stock up today but down over the period since mike olman took over as ceo a year ago. it was interesting about this stock the last earnings report at the end of february, actually showed some signs of a turnaround with on-line sales up and some of the strategies mike olman brought back to undue what ron johnson took -- put in place. i guess the jury is still out on this one. >> these turnarounds can take some time given how badly the company had been managed prior to mr. olman coming in. it's interesting, sara, he was an interim ceo, haven't heard much lately, though, about the decisions in terms of anybody going to take that job after mr. olman. >> remember, we were talking to steve saydo a board member, talked about that decision. >> asked if he would take it he said absolutely not. >> want to mention the elle macpherson. >> do you want to? >> for the news, she has a new lingerie collection which is coming out at the weekend. >> y

penney, but certainly they're concerned, making a lot of investments innovations, that service offense the same-day delivery. they have a new venture group been looking at retail innovation, hoping to turn their mauls into destination type of centers. >> will we get reads from the conference call? >> not typically, you won't typically hear that from them. they will be very careful about that. they don't want you to read too much into that. recently it was said that the rents are increasing about a half percent for the first quarter. it doesn't sound like a lot, but it does hit levels that we haven't seen about 2008. >> set to report earnings before the bell tomorrow. of course, this is a sector a lot of -- you know, it's push/pull because of the strength in the automotive sector, we should know that ak steel already took down their guidance the end of march, so we're not expecting too much guidance there. but because what we have seen for steel, for instance, they raised their prices two times in the past month. it will be interesting to see whether or not this has affected buys at all

the ceo of jc penney, his pay went down 95%. he was eventually fired. pay to performance because they have tremendous amounts of stocks and options linked to their company. stocks and options become worth very little if, indeed, the firm does badly. >> alex, great stuff from you. we appreciate your input and time. thanks for joining us on "gmt." >>> follow me on twitter. tweet me. i'll tweet you back. get me @bbcaaron. did you see how directors -- not us, no. meltdown in the gallery. we're in the wrong business. >> we are, indeed. >>> stay with us on bbc world news. still to come, the rising influence of hispanics. california becomes the second american state after new mexico where the ethnic group has overtaken whites. good job! still running in the morning? yeah. getting your vegetables every day? when i can. [ bop ] [ male announcer ] could've had a v8. two full servings of vegetables for only 50 delicious calories. two full servings of vegetables grossemisconduct... ortho crime files. ...disturbing the pantry. a house, under siege. homeowner calls i

over the last year, it hasn't been great with penney and herbalife, but still up 10% last year in 2013. what i'm curious about, though, is when he started buying the valeant. this is material news for valeant in terms of the acquisition. we're in an environment where both the acquirer and the target goes up. >> yeah. >> so i'd like a little more clarity -- >> he's done nicely with air products. up 38% over the past 12 months. there you go. nobody's infallible except perhaps stephen weiss. >> yeah, look at my trader of the year. >>> bad news now for drivers. gasoline prices continuing to go up here. let's find out more from jackie deangelis at the nymx. jackie in. >> good afternoon, brian. that's right. according to gasbuddy.com, prices for gas are actually 12 cents higher than they were a year ago at this time, and gasoline futures this morning hitting an eight-week high. jim, what's behind this here? is this seasonal? >> well, much of it's seasonal. there's also a bid put into both crude and gas from global tensions in the form of ukraine, and that's been the focus, about 8%. isn't it

penney, a big percentage loser.s as it becomes available. there's a longer-term-looking. the right-hand side is not a pretty sight. it looks like it's at the lows of the trading session right now. the market is approaches the lows of the trading day, down 120 points, two thirds of a percent drop for the s&p 500, and we are down almost a fun% on the nasdaq composite down 32 points. there are some winners out there in the s&p 500. the top winners are allergy again, gill adsciences, and c.h. robinson. so there is some green out there, ty, just not a lot down here on the floor. >> i think c.h. robinson might have been the only one higher. that will do it for this week of "power lunch." >>> have a great week gent. "streets signs" begins now. igns. slg. >>> the question is who will be brave enough to hold on to stocks over the weekend? the public can finally buy google glass -- well, for one day, anyway. what is the bonds market telling us that we really do not want to hear. since brian is out today, scott wapner will be

take the pulse of the consumer with nrf chairman stephen sadove who happens to be a member of jc penney open for a monday, we are inching off the high financials. we will tell you whether all this holds when "squawk in the street" comes right back. comes . . >>> take a look at the dow 30, five or six components in the red, microsoft on a downgrade, a couple pieces leading the charge. your point, jim, is you got to keep your eye on the big cap financials. >> 8 or 9% of the stake financials. you get the baird upgrade bob alluded to when i talked about of visa and master card. those have been weak. the city numbers are good. city and wells were good, j.p. morgan reflecting negativity from that quarter. you have insurance. you got this hostile. you can craft this financials are down too much. that can create staenlt. i think people want to see the work day contingent start better off costco. >> that has to be mimicked by many other companies before you say, you know what, maybe these people value their companies any raf all. there with is a lot of belief until we see an end to pencer sellin

penney. one media analyst said when you call back in the ceo it's like calling in the plumber.e talking about gains and alibaba ipo could be based on stake in alibaba. don't know the dollar amount yahoo! could cash out at. marissa mayer is moving the desk chairs, doing stock buybacks and that's what's boosting the stock up. stuart: you know, that's a huge cash flow from the alibaba stake. shar does, that make you want to buy yahoo!? >> if i was to buy yahoo! it would be very short-term, just for the ipo. the alibaba ipo. i think that aside is not a lot of value to yahoo! maybe 12, $15 of stock price yahoo! the rest is alibaba. i'll wait to see the alibaba ipo and exit there. stuart: i have ipo for you today, molus, boutique investment bank, laura? >> priced at 25, as you can see trading at 26.34. this is the first investment bank ipo since the financial crisis. i took a look at the peers. moelis, green hill, they are all up today. stuart: investors like what janet yellen had to say. arguably the most powerful person in the world. larry, she's about to take questions. are you ge

you saying structurally it has problems or if you look at what importantly they try to do with jc penneygain the structural era of your view? >> i can't tell you, simon. i have not analyzed those businesses and i really can't tell you the inside story about what's behind their numbers and their performance. i can only tell you what we've done. i know for sure is a different organization structure than either of those companies that you mentioned. >> so just to kind of wrap it up and bring it home, you're, of course, watching what's happening at macy's but bloomingdale's too, perhaps a different customer, some crossover. what are you seeing the consumers feeling how their confidence is right now? >> i think it was definitely slow. first of all we had a great year, we had the fourth year in a row with the fantastic performance. our year ended the end of january and while we -- it was our smallest increase on the same store sale basis of the four years, up 2.8%, we picked up more market share last year. so i think what we're seeing is that the overall market was not good but our growth with

truly yea trulia, the an line real estate company and jc penney, down 10% and wells fargo posting strongerexpected results with profits coming up 14% over the same time last year, so a different story with jpmorgan, but for wells fargo kelly, a nice move to the upside on a down day. back over to you. >> certainly is, dom, thanks very much. for more on the wells fargo earnings beat we're joined by tim sloan. >> he's chief executive officer of wells fargo, or at least until may 15 and also a member of cnbc's global cfo council, i guess, at least until may 15. you'll run the wholesale banking group for wells fargo, right, tim? >> that's correct, bill. >> congratulations. >> thank you very much. >> bill, you mentioned -- >> i'm sorry, go ahead. >> what were you going to say? >> well, you mentioned earlier that it was our 17th consecutive quarter of earnings growth, and we're very, very proud of our performance. it was also our 12th consecutive quarter of record earnings, and, you know, our earnings at $105 a share were up 14% year over year, and we were able to achieve those results on just th

>> why don't you take a look at jc penney and tell me about activism and bill ackman.about hollande and we talk about the other gentleman who said -- i can't do a french accent. you had the gal to talk to this company before consulting with the government. and we laugh about that. when pfizer tries to redomicile in the uk, should we have anything to say about that, the government? >> that's a very tough question. i'm not sure i have the answer. i have to think a little bit more about that. i don't have a trigger answer on that one. >> we have crown jewels too. pfizer is more of a crown jewel thaneo play. it was the biggest market cap. yoplait. as i said, jack, you single handedly keep pfizer in business in a lot of ways. and you always take that wrong. i'm talking lipitor. i don't know what you're thinking. it seems to lose pfizer because of tax structure speaks a shakespeare yann tragedy. >> employees are going to stay. you're giving away money. we don't have a rational tax policy. we said before, joe, these guys can't agree on anything. we have to have a national deb

jc penney, china's numbers are strong. they dug themselves into a hole.y can dig it out next quarter. this is not a quarter hold. this is a multiple year hold. you can't just come out and say, you know what, our handbags are strong. they're not. >> the most googled handbag michael kors as courtney reagan told us yesterday. a look at the s&p 500 at the top of your screen. down here at the big board it's oracle unveiling the oracle solaris 11.2 operating system today. a former nasdaq name that made the move. >> larry ellison one of ours. i want to point out this is the old world coming into the new. when people see these softwares service companies come down, a lot of them were gunning for oracle. they come on "mad money" we're gunning for oracle. oracle is offering a suite, not supposed to be, supposed to cut into the gross particular begins, suite of products. software service for the coffee room, dining room and what -- these are obviously facetious extensions of what we're seeing, human resources, information technology, we have one the other day for gl