jc penney and rite aid. symbol rad.he department store was almost ran into the ground by one single person, the former ceo. shortly after johnson took over november 2011, he hyped his vision for penney's future to high heaven causing the stock to rally up to $43 on the announcement of his bold new plans. he was able to unload stock there. unfortunately, johnson's vision, which included eliminating sales and coupons totally alienated the core customer base including yours truly. under johnson, penney consistently experienced hideous declines in the same-store sales often in excess of 20% or 30%. the stock lost nearly 2/3 of its value from that $43 high before the board finally got fed up and fired johnson. replacing him with his own predecessor mike goldman about 13 months ago. at the time many believed the company was on its deathbed and penney could not be saved. over the last year, omen has proved the doubters wrong. the company reporting a stellar quarter last thursday with a 6.5% increase in same-store sales. it's t

penney is so amazing.company at one point reported comparable store sales down, a staggers number one that parts -- ron johnson, a little more than a year ago. penney brought back tried and true mike you will mean, the former ceo and immediately said, even though the appointments was only meant to be temporary. you willman immediately made several shrewd moves, the first raising cash in a brutal equity offering. next he cleared out all the merchandise that johnson had brought in, because it turned off shoppers. the displays chiefly showcasing more -- sent shoppers to just about every other retailer. especially macy's which had been the huge beneficiary of the downfall. then offering private label brands, given the far more bountiful gross margins the change gave a lift to the cash flow, which took any monetary worries. you willman is going on the offense now. first made perment ceo. by the remarkable work he's done. second, the lapsed penney shoppers are returning as the markets and promotions that penney

penney's did not knock the cover off the ball. >> yeah, really. gross margin was up, sales were okay. they looked fine. seven cents from -- i'm thinking over the next seven months, i'm good, but i thought it was a fine report, kind of what i expected. the sales were a little better than i thought they might be. the gross margins were fine. they don't look like a company that's going broke, which is where the shorts were. >> jan, the liquidity, which is a fancy word, the available capital and cash that we've got to continue our business, terrifying rate the last couple year, a credit facility. do you think the risk of j.c. penney going kaput, because it runs out money is behind us? >> i actually do. they told us earlier in the year they were going to be even on cash flow this year. they reiterated that in the news press release. . they've only got $200 million next year of maturity due. i think they're fine. i think they're good into 2016 sometimes. as long as they continue to have sales increases and some margin increases, which i expect for the r

penney. >> okay. >> you made a great argument.most compelling about you winning is the sentiment on this company is turning, whether it's completely turned, who knows. but there's no way -- i don't know how many people voted in this thing, but there's no way a year ago a bull wins a debate on j.c. penney, no way. >> in fact i would choose to debate the bear so i could rack up an easy win, and now it's not so easy. >> stacking the deck. >> you mentioned best buy, maybe this is a best buy turnaround. we'll see. in a couple quarters, we'll know the answers. >> pete, final trades. >> going to the regional banks, suntrust had unusual activities. >> is that what you think, in terms of investability areas in the financials? >> right. >> are the regionals going to be the outperformers? >> i think right now they were. the big banks have so 3/4 these things out. >> the regionals have gotten hit harder. we actually added suntruth. >> final trade. >> hadn'tman. >> akabai, long. >> esf, sticking with it. >>> we'll seal you back here tomorrow.

they've got dillard, jc penney, of nordstrom. start thinking wait a second, how bad is retail? you get that housing start number, start thinking how bad is housing. a lot of people say jim you don't know what you're talking about, the housing number is bad. this is a lying eye to the situation. my eyes saw it. they could be wrong. i have to get to the op that mol gist. i look at the number better than expected, never outthink it. >> you can't hide your lying eyes as the eagles once said. down at the big board, jumeje of beauty products celebrating its ipo. lot of chinese ipo. >> over at the nasdaq, celebrating its ipo truecar a website that offers up front car pricing estimates. we'll talk to the ceo after the stock opens. and your tip about vips got a lot of attention. >> look, i want to -- my hat's off to jim stewart who introduced my to vips a long time ago. his columbia class which is the most -- journalism class, mixed, but does -- they dot most thorough analysis. i had the privilege of addressing this class. came up with th

penney.his is a bigger problem at the mid range retailers like macy's and sears under pressure, as well. the fact of the matter is people still aren't confident to spend as much these days. >> understand that. alison kosik, thanks so much. >>> still to come, back lash brewing over the turkey mine disaster. why there are growing calls for the prime minister to resign. i'm m-a-r-y and i have copd. i'm j-e-f-f and i have copd. i'm l-i-s-a and i have copd, but i don't want my breathing problems to get in the way of hosting my book club. that's why i asked my doctor about b-r-e-o. once-daily breo ellipta helps increase airflow from the lungs for a full 24 hours. and breo helps reduce symptom flare-ups that last several days and require oral steroids, antibiotics, or hospital stay. breo is not for asthma. breo contains a type of medicine that increases risk of death in people with asthma. it is not known if this risk is increased in copd. breo won't replace rescue inhalers for sudden copd symptoms

penney kohl's this week. will you put on any retail plays? it looks like the options market is mostly bearish on all of those stocks except for j.c. penney. > > yeah it's funny the one stock i really do like is macy's. i think their cash position is very strong, i don't particularly love the retail space but they have a good cash position, good footprint in the industry and i'm looking for them to beat on both sides. > > thank you, larry. > > you're welcome. dramatic changes could happen soon in the television industry.. that was the takeaway from rumors that at&t is in talks to buy directv for 50 billion dollars. the two could close a deal in two weeks according to the wall street journal. neither company has offered up any comment on the deal. it follows a massive merger of comcast and time warner, which still requires approval from regulators. analysts say mega mergers are a new reality for cable companies as the internet evolves. "it's the same realization that dish has come to and with it, they bought licenses and are trying to partner w

penney. "varney and company" is about to begin. >> we got a check of the big board but there is not much going on. pretty much the same story with the s&p 500 this friday morning, $18 and scsi $0.09 is where we are, not long ago we ran 1900. billionaires' buying and selling. star with berkshire hathaway buying the stake in verizon, a levon million shares. let's put verizon up 2-1/2%. david tepper bais facebook, price line and expedia and more google. not much impact and just release the government is going to find general motors $35 million over the ignition recall. gm admits it did not notify the fed's of safety problems quickly enough. look at the stock, it is going. david einhorn and leon cooperman, they have gotten out of their gm holdings. look at charles's pick, charles payne's pick. j.c. penney not bad, a 15% gain reported strong sales. it is brimming over with this and he is here. you got on the set earlier today because of this. you are vindicated. charles: i'm in the process of bein

penney, they're looking for positive comps. still the turnaround story, less part of the story until disruption here, but i would stay away from it. >> on to another struggling retail investor, sears may sell its majority stakes in sears canada. what is sears' fund? >> i like to use the analogy here, you can't -- so really that's what sears is doing. we know their core business they have not invested in in years, we know sales have been down year after year, and they're basically getting rid of assets to keep their cash position a place to stay in business. i think they're outdated, way too much to have to invest in, so i would definitely stay away. >> stacy, thanks very much. >> thanks, tyler. >> >>> a major and developing story, ty, that we are watching, at least 238 workers were killed in western turkey wednesday. some, 120 are still missing. the explosion took place during a shift change with nearly 800 workers inside the mine, some as deep as 460 yards. the deaths were caused by carbon monoxide poisoning, which also has sl

he'll say i visited 1700 jc penneys but my jc penney looks really good and so does the houseware business think that's a fatuous downgrade. >> dick's no good today. cut their earnings for the year, cut comps, one to three ver us a prior -- >> dick's down eight means tomorrow two, people will have to downgrade. keep in mind this was golf and hunting. hunting i never felt they had the best selection. you have to go to ka bela's to get your guns, period end of story. ar-10, go to ka bela's. golfing, people have made a big bet -- oh. people make a big bet on golf and golf has been a loser category for a long time. i'm waiting for ed stack to say i went too overboard on golf. jordan spieth, that line for under armour is selling. don't extrapolate underarmor. they call out apparel good. foot locker bunch of number bumps today means sneaker being good. this is -- i'm putting this on hunting and i really am, putting it on golf. >> okay. golf and hunting. >> really golf galaxy down 10. >> i mean -- >> on a day where tiger said it's hard to play with his kids his back hurts so bad. >> he should see

penney at 2.8 billion. expectations and stock in both companies surging as the market gets going on this friday. let's take a look at the big board. see how we're doing after two very rough days. the dow lower by 4 points. nasdaq down 13. s&p down 2 points. nordstrom shares up 10% and j.c. penney is rallying over 16% higher. michelle and frank, back to you. >> if we only had tomorrow's paper today. [ laughter ] >> thank you. >>> a family is upset with a catholic high school in san francisco all because of a yearbook photo. jessica urbina wore a tuxedo for her picture but her family says the school won't use it because it violates the dress code. kpix 5 was unable to get an official comment from the school, the sacred heart cathedral prep. urbina's family hopes to meet at the school to work out a solution. >>> a big box is causing some raised eyebrows at san francisco's justin herman plaza. >> it turns out it is from amazon. amazon will ship a package to the big box then the buyer can punch in an online code

penney's spokeswoman and hosted the academy awards twice. this is so quick. >> amazing to see the tide shift in american culture and the change of opinion that nowadays, there's so much more support for gay rights, for same-sex marriage and equality. john: same-sex marriage is yet a different point, and let's look how quickly attitudes changed there. in 2004, abc "washington post" poll found gay marriage was opposed by 59% of americans. 10 years later supported by 59%. >> amazing to see so many out and proud gay americans like ellen, anderson cooper and neil patrick harris and now with michael sam being the first openly gay nfl player. john: there were a lot of people very upset by that. one football player derrick ward tweeted, man, you got little kids looking at the draft when the kiss was played. >> if it's okay for the media to show, heterosexual couples kissing and being affectionate, why shouldn't it be okay to have same-sex couples doing the same thing? john: let's move from sexual orientation to women. the good old days were not grea

jc penney. $35. you can get two pairs of slacks there no problem. >> just $130 sports coat. they get it. thank you. >> you guys, thank you. you get that. their own lines there. so good the shirts. i will be wearing one tomorrow. i should iron it myself. facebook takes aim at snap chat. google appears to be screaming toward a new deal. i make a lot of purchases for my business. and i get a lot in return with ink plus from chase like 60,000 bonus points when i spent $5,000 in the first 3 months after i opened my account. and i earn 5 times the rewards on internet, phone services and at office supply stores. with ink plus i can choose how to redeem my points. travel, gift cards even cash back. and my rewards points won't expire. so you can make owning business even more rewarding. ink from chase. so you can. >>> facebook taking aim at app sending short video messages. what has that done he is barely moving on? >> i continue to like it on facebook. it is a couple of months. but it is still off but i think that facebook is going to do the numbers. when i say that it could earn $2

a few went to jc penney and no longer there.uess that's an issue. >> since we're on the topic of ceos, you tend to bet with terry lundgren, right? both online and big box? >> i think macy's is a classy department store. the others, whether kohl's or jc penney, others you want to name they have gone to the sidelines. macy's has dominated. retail stores are the dominant player. they invested so heavily of ecommerce and the wave of the future. i think macy's is in an advantageous position and i don't see terry lundgren leaving any time soon but it was concerning he sold a lot of stock last month. >> thank you. >>> who do you like here? >> we were buying macy he's this morning and sold it in the lower 60s. they just announced a restructuring program for $100 million. they will see savings, i think that gives them cushion on the earnings side and are buying back a lot of stock. you believe the story he was just telling? >> die. they are very well-positioned. the stock is pulled back giving us reward to risk in earnings. >> i like dic

penney's nordstrom's dillard's all good numbers. but overall the earnings season has been terrible for the retailers by and large. a few have ampled the earnings. much weaker than we thought even a month or so ago. everybody is. narendra modi won in india. a lot of people debaten whether indian stocks have more to go. japan had a big rush when pro-growth people came in last year, it's sort of petered out here. on the ipo market, true car priced at $9, below the range, but holding up better, jumai, the big retailer for beauty products in china, priced up, and it's holding still here. leo chin, 31 years old ceo is now a billion navy. i watched him become a billionaire in one second. 31 years old, from nothing toamazing? >> 31. >> 31. i hate him. >> what am i doing wrong? >> big money isn't always smart. and smart money isn't always big. >> touche. >> releasing the latest regulatory filings. one thing we have noticed is they seem to be going after yield. that got us to thinking. you've got out and found four dynamite yield plays. >> we

penney. i said this place is so poorly run, how come you can't get on the lot on any olive gardens i go to and they don't make enough money? the answer is yes, good riddance to red lobster. but let me see the proof of olive garden turning around. >>> the market has seen only one side of the story right now. i won't use the "r" word. this market has a mind of its own. >>> apple has been quite the mac daddy. up 15%. is the run done or just getting started? the results are out for salesforce. i have an exclusive with the ceo. it's determining tomorrow's action. plus, today's declines -- well, let's say they your had undies in the bunch but i have a stock booming off of boxers and briefs. don't move. "mad money" is back after the break. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer, #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. cars are driven by pe

penney won't be able to compete versus macy's in marketing and merchandise is and penney's can't winrimarily on private label promotions. that's a lose her long term. >> burt, thank you. courtney, thanks. see you later. >> we'll find out more about jcpenney. >> heading toward the close, 25 minutes left in the trading session. dow down 174 points with the nasdaq down 29. >>> we'll check in with our market pros here at the nyse and nasdaq and the chicago mershauc next. >>> jcpenney out with numbers. stay tuned. i make a lot of purchases for my business. and i get a lot in return with ink plus from chase like 60,000 bonus points when i spent $5,000 in the first 3 months after i opened my account. and i earn 5 times the rewards on internet, phone services and at office supply stores. with ink plus i can choose how to redeem my points. travel, gift cards even cash back. and my rewards points won't expire. so you can make owning business even more rewarding. ink from chase. so you can. predibut, manufacturings a prettin the united states do. means advanced technology. we learned that techn

macies, jc penney and nordstrom all reports earnings. on wednesday, mark zuckerberg will be celebrating his 30th birthday. that's right. this is the guy who gave away a billion dollars last year. on thursday, we'll see how inflation is faring. on friday, howing starts are out and wabarbara walters will reti from television and say farewell from the view. christies sold pieces from both artists this week for more than $20 million. it is less than what they were expected to go for. testing the high flying art market in this week's spring markets of impressionists art. sotheby's failed to reach their minimum price, so is this a sign of the bubble bursting. that's the show for today. i'm becky quick. thank you so much for joining me. last week, we had promised to bring you alan alda. we hope to have him at a later date. next week, long-term care insurance. do you need it? each week, you can keep it here. we're "on the money." have a great one and i'll see you right back here next weekend. at shell, we believe the world needs a broader mix of

they had a goal of one million penney's. didn't quite make it there. what they did collect, they voted to donate to the family giving tree. that many will be used to buy pencils and back packs for needy children in this year's back to school drive. >>> a sky scraper scare more than 40 stories off the bound. but what a california family did when the deck started to crack. >>> the latest place where people are following twitter clues and finding hidden caches. gridlock. teacher layoffs. and a 60 billion dollar budget deficit. that's what john perez faced when he became speaker of the california assembly. so he partnered with governor brown to pass three balanced budgets, on time. for the first time in thirty years. today, the deficits are gone and we've invested an additional 2 billion dollars in education. now john perez is running for controller, to keep fighting for balanced budgets. democrat john perez for controller. >>> nothing but a glass ledge, 103 floors up and one in the world's at allest building and hearing cracking. that's exactly what happe

jc penney and nordstrom to the mix, maybe walmart is executing badly.s not so bad. i wouldn't be so concerned. >> who would you start if you were woody, were you watching that? what do you think? >> i go to training camp every year, i watch vic in action and know vic, and vic is exactly what he said, which is good to have in the room but vic has lost a step, he would argue with me on that, and geno is the quarterback of the future and surprised to hear there was going to be -- woody said a quarterback controversy. no way. vick is not a good starter. he gets hurt. >> we will see you on "squawk on the street." as we go to break, real quick, the defense department and nhta holding a news conference, say they're going to make a major announcement regarding the investigation into gm's ignition switch recall. also summer blockbusters brought in 5 billion at the box office. how will this year's offering stack up? a preview of his summer's hyped movies. [ female announcer ] working together means working efficiently. and a lennox home comfort system may just be

nations biggest retailers are out with earnings later this week including walmart, macy's and jc penney. some are warning the steep discounts and other promotions may have a big impact on their bottom line. courtney reagan has more. >> reporter: not everyone loves sales. it helps drive traffic. it squeezes profit for retailers. this past holiday season was one of the most promotional in recent history. retailers are still offering larger than normal discounts. the harsh winter crimped retail foot traffic so the sales were deep as stores hoped to clear inventory. but with 40% off less the exception and more the rule for some retailers investors are starting to worry. >> last year the norm became 40% off. why is that important? because it comes out of gross margin and, therefore, right out of the bottom line. so if you don't have some way to offset this and that's what's happening and i believe it will be going on for a long, long time, i don't think it was temporary, then you're getting less return on your investment than you expected to get. >> reporter: according to the sale tally prom

major retailers, macy's, jc penney, wal nart? nordstrom reporting with cisco. retail sales for the month of march are due. facebook founder and ceo mark zishgberg will be celebrating his 30th birthday. that's right. this is a guy who gave away a billion dollars last year. and we'll see how they're faring with the consumer price in april. on friday housing starts are out and veteran journalist barbara walters will retire from television and say farewell on "the screw." view. it's something to sneeze at and it's less than what they expected to go for. testing the annual spring auctions of impressionist art. they failed to reach their minimum price and is this the sign of a bubble bursting? the auctions for red hot's contemporary art are this week so stay tuned. that's the show for today. i'm becky quick. thank you so much for joining me. last week we promise toed bring you allen alda as a science educator and we do hope to have him at a later date. next week, when you are unable to care for yourself. long-term care insurance, do you need it. we'll talk about that

ron tried that at penneys. didn't work so well. >> when this deal first broke years ago, almost ten years ago now. this is a real estate play, the value of the real estate, the way it was listed under k-mart, it was a k-mart deal. they're going to monetize all that real estate. instead he tried to operate this thing. >> yes, very much so. then they started monetizing real estate, they sold alamo center in hawaii for 270 million bucks and threw in nine other locations and let people have them, essentially, in my opinion. >> it never felt like a strategy. it's like we'll constrain capacity and we'll be able to operate it better. it's always been committing to operating. i felt like it was two drunks holding each other up, sears and k-mart. >> king of prussia, one of the top ten malls in america, the sears store is being torn apart and a dick's is going in to the top of the store. they're doing things like that, none of which is improving their position. >> the number that came out yesterday was anemic to say the

jc penney surprised wall street to the up side with nearly every metric, including traffic and sales, most analysts believe retail is a tricky area for investors as it's getting harder to predict which names will be winners. for "nightly business report "i i'm courtney reagan. >>> michael farr joins us to talk more about the markets and what investors should be doing with their money. he is president of farr, miller, and washington. hi, michael. >> hi, suzy. >> with all the fed speak today, it looks like interest rates -- i don't know when, but they are going to be going up. when that happens, what does that mean for the direction of the stock market, and what does it mean for investors and their portfolios? >> great question because we've seen the stock market kind of take a head-fake from previous fed warnings. a year ago when bernanke talked about the paper, the treasury market and the treasury yield went way up and the treasury bond fell off, and stocks didn't like it very much. once they began to taper, of course, treasuries rallied, yields fell, and the stock market has seemed t

penney and the list to. >>: 620 right now rock star brett michaels off the stage right during a concert he was giving after he fell seriously ill during the performance gap in last night's and manchester new hampshire. guitarist pete e. vick issued a statement on the band's website saying that michael appear to be suffering from an episode of extremely low blood sugar. paramedics were evaluating and read my post twitter a composted 8 tweets thinking the emt for their rapid response and care. >>: good morning and new facebook feature set to robot over the next couple of weeks has privacy groups up in arms. states into the kron4 through sunday, it's posturepedic through sunday, it's posturepedic versus beautyrest with up to $400 off. serta icomfort and tempur-pedic go head-to-head with three years' interest-free financing. mattress price wars end sunday at sleep train. ♪ your ticket to a better night's sleep ♪ ithe part of us that a littwants to play,on. wants to be mischievous, wants to run free, all you have to do is let it out. find your inner minion only at the despicable me minion ma

jc penney entiende que tu estilo tiene que combinar con tu entusiasmo.les. >> muy buenas noticias para el cantautor italiano eros ramazzotti, quien anunciÓ que se casa con su novia y madre de su hija. >> luego que se le vinculara sentimentalmente con la china suÁrez, Él compartiÓ esta foto con la guapa actriz. >> sÍ. >> quÉ bueno por david bisbal. muy guapa la modelo, la china. y si estÁ enamorado, que viva el amor. >> si se quieren y se aman... >> me llama la atenciÓn con lo que va a pasar con juliÁn gil. por muy profesionales que sean, esos besos, besos abrazos. >> vamos a hablar del dinero que invirtiÓ la actriz yadira carrillo. tirÓ la casa por la ventana con una celebraciÓn en acapulco para celebrar los 50 aÑos de su esposo juan collado. asistieron la creme de la creme. anahÍ con su prometido, edith gonzÁlez y su esposo, lorenzo lazo y la productora carla estrada. estamos viendo fotografÍas que subieron los invitados y vimos que fue una noche sorpresa, llena de mucha emociÓn al estilo gatsby. ¿quÉ creen? la gran sorpresa de la noche fue que llegÓ el

penney will close 33 stores, sears closed more than a hundred.ajor stores closing, turning malls they are located in and many malls have both stores. turning to the smaller retailers in those malls. stuart: once an anchor store leaves. >> and a lot of retailers are saying if everything is going on line why should use and that money overhead for the sport? are starting to see the malls become interactive. into the golf courses and stuff like that just to get traffic in the mall. stuart: that won't stop the retreat as online shopping moves up. thank you. we call zoo lily the amazon phenomenon with a lock of period ending tomorrow. insiders will be allowed to share it shares if they want to. nicole: stock is down 3% today. a couple things we should consider, they came out with numbers last week and that was week. people and may have been interested in selling, that is number one. on the heels of twitter, last week twitter loss of expiration occurred, and on that day, twitter dropped 17%. not saying zoo lily will. maybe we will see no selling at all.

and four different kind penneys and r.j. reynolds gets his company back and he has been investing and doing research and in 1913 he launches the camel cigarette and the camel cigarette has the most brilliant absolutely brilliant advertising campaign. it was so brilliant in new york city, the preeminent advertising company, people still study that advertising strategy of today. it started out with ads in all the popular newspapers, the camel is coming, and it built a this anticipation of launching the actual camel cigarette. they got 50% of the cigarette market by the 19 teens so r.j. reynolds was able to do something that thing is extraordinary. here is this man born in 1850, in slave holding world of virginia who learns the tobacco industry, the tobacco agricultural world but transforms himself by the early 20th century into a leading manufacturer and the top corp. in the country, a small scale farm launches this man. the most successful cigarette brand. >> when did winston north carolina become winston-salem? >> guest: win

. >> we got some retail news to tell you about -- jc penney stock blazing in after-hours.hare.a loss of $1.16 a analysts predicted $1.22 a share. nordstrom posted first-quarter revenue and profit that topped analyst estimates. the company relied on e-commerce sales to drive up sales to nearly $3 billion. war and -- warren buffett's berkshire hathaway disclosed its share of verizon. the stake is valued at more than $528 based on today's -- more than $528 million based on today's closing price. >> thanks very much. let's get more insight on jcpenney results and its after-hours stock surge. joining me is craig johnson, the founder and president of customer growth partners. tell us your reaction to today's report from jcpenney. >> we were not surprised by it because we have 16 people across the country in the stores every week, and we saw the increase in traffic. and the fact that the average ticket is moving up, the long, slow rebound that jcpenney is gathering steam, and the company is poised to -- not quite breaking into black ink yet, but gross margins, which had been in t

penney, american eagle. >> mattresses right now? you see the really good deals on mattresses. 50, 60 percent off of the likes of sears, macy's had some very good mattress sales and appliances, too. refrigerators, washers, driers. in particular vacuum cleaner rs and refrigerators. th this>> we are talking home depot as 45 percent off. couches refrigerators all sorts of great stuff. >> what not to buy today? >> a lot of people are tempted to go out and get patio fufrn tour. the barbecuing stuff. >> try to avoid those things. >> if you can. there are some deals out there. >> there are some electronic deals being had right now. >> smart phones, tablets, tv's in particular. tablets have 50 percent off. or your kid for graduation. >> great idea. there you go. >> great to see you again. >> terrific to see you. >> ainsley, what do you have over there? >> thanks for coming in. time for the cyber videos. in the island whose the boss. he waddles his way to victory. roll over beethoven there's a new musical prodigy in town. >> his name is peter

penney star e -- with c tphfrpblgnn. difficulty bout her getting a visa. what is in place now for people and others who want to come to the united states? we talk about helping them. n afghanistan, for example, iraq people are brought to the united states. people? in place to help >> well, i wish i could say here is something in place but even after debra was denied the times, habila, the sole survivor of a neighborhood massacre was denied twice by the embassy. so we spent so much time fighting the administration on visa and all of that that we cannot devote enough to the actual work of assisting these people. three tries we got involved with a congressman. habila it took congressional intervention to able to come to the states. >> one of the problems is the state department has been even talk about this in terms of religious persecution. back to the assistant secretary for africa where he eech in 2012 said that this was a problem of delivery of government services. that is what was motivating boko haram. and there was poverty and the responsibility of the

jc penney in the red but is the company on the road to a turnaround? at the half. >> let's check in with rick santelli and get the santelli exchange. hi, rick. >> hi, carl. i tell you what. everybody has not stopped talking on this trading floor about interest rates moving down since we had our close last thursday under 2 1/2%. that represented a new yield close for the year. so we're all on the same page, let's run through the key charts. year-to-date of 10s. see it there. circle in your brain that low yield before right the beginning of february, 2.57. february 3rd, look at an s&p 500 chart. understanding it is doing the best, just shy of 2%. a significant low, guess when. february 3rd. look at the dow jones industrial average down a third of a percent. it had an important low, february 3rd. nasdaq is down 1 1/3%. you can see it also had a big day, february 3rd. my big number, the difference between that low on february 3rd for the nasdaq where it's currently trading. 125 points. let's look at the other indices. the s&p on the iii, doing the best, 17

. >> jc penney stock opens higher after they announced a boost in sale help by a return to traditional department store practices such as sales and coupons. >>> president obama and the first lady have reported thai network teen $1.8 million and $7 million. that is far from from the specific figure but they are allowed to do broad range. godzilla will probably gross around $70's -- $70 million by sunday. >> uber could join an exclusive club. the startup is trying to raise a new round of financing to put the value at $10 billion. that triples the value from last year they are underfire from drivers who filed a class action lawsuit claiming they are tired are rising fees. >> a pick pocket took advantage of another man falling ill can he collapsed inside a bar in madison county, illinois. another man appears to help by helping himself to the man's wallet. the suspect tossed the wallet to the floor and tried to buy the companion a drink with the stolen money. the victim is recovering and the suspect is is if jail. >> a navy sailor is home after surprising his daughters celebrating a special

. >> if you look out across the country geographically, what is your take on the fact that jc penneye been closing down stores so rapidly, stores that are anchors within more than half the malls across the nation and as a result as they lose thosagers, other -- those anchors other retailers see their sales drop by 30%. what is the takeaway for an investor from that major dynamic playing out? >> it's a key theme that i think is coming to head here. if i go back ten years, this is a question people have been asking retailers and mall reits for years and years but some of our recent meetings we hosted a lunch with general growth properties and at the lunch they said look, there's 1100 malls out there, we could see that be 00 potentially over the next five years. you're going to see your c and d malls go away. the question on everybody's mind, what happens to the b malls. there's going to be a level of investment needed to maintain these kind of b malls. i think a malls will thrive. the reality we're in an omni channel world and points back to, you know, guys like macy's and nordstrom sp

. >> mike, jc penney, positive comps for the first time in what seems like forever.think it has some staying power here and it hasn't seen its better days from the bounce. >> the fact is we have a new ceo who was the old ceo. he's produced two quarters of above expectations type of numbers. he has the trajectory of comps. he has the trajectory of profit margins and cash flow all going in the right direction. he's bringing back the core customer base. i mean, this customer base loves sales and coupons and they are starting to come back. >> so i think the turnaround is in place. i think bankruptcy is off the table, and now it comes down to execution, and if they have a third quarter that is a positive surprise, i think this stock has some legs still. >> you also have matador resources. this was intended for street talk because warned lick securities cut the price tart down to 31. you're also in the buy camp. >> absolutely, mandy. one of the -- these guys know the right zip codes to be in and know how to perform and trading a discount to the peer groups and in the numbe

give me jc penney. >> give me the weekend to get through. >> memorial day, jc penney will be too crowded with some comments regarding value and a couple of his favorite names. apple included. take a listen to this. >> apple's a major position for us. our cost on apple is probably the low 400s. it's not as attractive as it was but still worth 700, 750. >> he's not calling for the big correction. he's had major, major wins including the airlines, american. bill miller you could say runs hot and cold. when he's running hot, he runs hot for multiple years. i come on and look, if he said i'm nervous, like dave tepper and i think you should raise cash a lot, it would make me rethink. what dave was basically saying is get off margin. we then interpreted his call as being he doesn't like the market. then we see some of his holdings, he's buying some of the highest flyers. stick with bill miller and you won't get hurt here. i stuck with him during the lean times, i stick with him now. he's done a good job. he's a stock picker's tire kicker and he's rigorous. rigorous man. >> speaking of names lik

penney, 10% off at lows. out this website, you will be my friend, you'll like me and i'm trying to help you out. that is it for us tonight. check occupant the fox news factor website which is different from billoreilly.com and sound off at bill o'reilly at foxnews.com and name and town if you wish to opine. thanks for watching us tonight. ms. megyn is next. i'm bill o'reilly, the spin stops here. we're definitely looking out for you. >>> i'm megyn kelly live in new york city and tonight. >> president obama accused of ignoring the scandal of neglected veterans as we learn his team was told about the problems back in 2008. >> my concern is that the obama administration will treat this scandal like it does all the others, like a political crisis. >> senator mitch mcconnell. >> i want to know what is going to jail. >> possible details on legal problems who may have been encouraging the irs and

the stores they're closing are jc penney's. [ laughter and applause ] why not just close the competitionat mcdonald's -- on wednesday, over 100 protesters were arrested in front of mcdonald's headquarters while protesting the company's low wages. what do we want? higher wages. would you like fries with that? sure, why not. [ laughter ] that's probably how it went. i love this story. the creator of palcohol -- palcohol, which is powdered alcohol, released a psa this week, begging customers not to snort the product. [ laughter ] "we're sorry," said the customers, "but we are the type of people who would buy this product." [ laughter ] "when we see a powder, that's kind of our first thought." [ laughter ] this is an amazing story. a colorado woman, trapped in her overturned car for a week -- for an entire week managed to get help after writing messages on an umbrella and sticking it out of the wreckage. which begs the question, how many overturned cars do people in colorado ignore? [ laughter ] "overturned car, boring. overturned car, boring. oh, overturned car with an umbrella! let's check

penney's and sears are hemorrhaging market share, so they could take market share as they start to breakhink the stock is relatively cheap, trading at 13 times this year's consensus cps estimates. and i think they've got scale as well, which is something that a lot of people aren't familiar with the macy's has such incredible vendor relationships, you know, when they have discounts, they can -- they actually pass that discount, the actual disparity and cost right back to the vendor, so it's very sustainable margins the look, i like the stock. the space an underperformed the s&p, i think there's room for the up side. >> don't bet against gary lundgren. kind of the walmart of department stories. j.c., let's look -- all mayy's has done is made investors money the last five years. do you see that continuing? >> you know, brian, i do. this chart has all the characteristics i like for, and especially if you have to be in a retail sector, this is one of the best of breeds. i do like that from that standpoint as well. taking a step back, you know, what has macy's done? the chart has rink. i'm hi