penney. it looks a lot better than it it used to. mine does.own, two very hot stocks of two very high brands and i like kors as the cheaper stock and still ahead had, a special look inside the secret club that actually runs the world. "mad money" will be right back. >>> despite the shady practices to keep the stock market from being a level playing field, despite the chick anry we saw with bonds in the lead-up to the financial crisis, the least regulated and most manipulated asset class out there isn't stocks or bonns, it's commodities. unlike the high-profile world of stocks and bonds they mostly stay under the radar screen even though they play a huge role like wheat, corn, soybeans, oil, all that matter the day to day cost of living. that's why today i'm thrilled to be talking to cnbc's own kate kelly author of "the secret club that runs the world," kate, welcome to "mad money". >> thank you so much, jim. it's a pleasure to be here. >> i'm not going to mince any words because i lovered your book. >> thank you. >> i could not find a redeeming

a judge ruled yesterday that penney's is with the exclusive contract between macy's and martha stewartany punitive damages. the judge also ruled macy's failed to prove penney's actions were malicious or immoral. >>> car thieves love ford, according to a new list of stolen suvs, the auto giant takes the top three spots. number one is the escape. followed by the edge and explorer. and then the jeep grand cherokee and rounded out the top five kia sorento. >> apple has an a new app but only it's a guy. >> can i get you another item? >> his name is dom. and the pizza chain hopes he will entice more people to go more high-tech. mobile and online ordering accounts for 40% of dominos' sales in the u.s. anne-marie. >> see, i don't have the fun of siri asking the ridiculous questions to see what her response is. i can only imagine what kind of ingredients people are going to try to get dom to put on a pizza pan. jill wagner at the new york stock exchange, thanks a lot, jill. >>> still to come, remembering a major league legend. >>> and team usa opens up its world cup schedule with a bang. th a b

in 2011, jc penney started selling as well.enney has to pay macy's. >>> historic win for team usa. a stunning long time rival in the world cup opener. what a night. defied the odds. taking you to pra sil, next. peoi go to angie's listt for all kinds of reasons. to gauge whether or not the projects will be done in a timely fashion and within budget. angie's list members can tell you which provider is the best in town. you'll find reviews on everything from home repair to healthcare. now that we're expecting, i like the fact i can go onto angie's list and look for pediatricians. the service providers that i've found on angie's list actually have blown me away. find out why more than two million members count on angie's list. angie's list -- reviews you can trust. the numbers are impressive. over 400,000 new private sector jobs... making new york state number two in the nation in new private sector job creation... with 10 regional development strategies to fit your business needs. and now it's even better because they've introduce

penneys, those are the anchors of the stores. j.c. penney is closing a bunch of stores, sears the same thing. the malls are going to get repurposed. >> i don't think malls are dead. they are going to be reinvented. a meeting place for younger people and older people to meet and go to the movie. i like going to the outdoor malls, walk in and out of stores, the outlet type malls will be the future. this people love to shop around. charles: outside mall or the nearest bar? >> ooh, i don't know. >> to matt's point, outlet malls do well and the high-end stores do well. the luxury consumer, they are going to spend upwards of $76 billion tons of it on apparel and accessories. saks or bloomingdales. charles: tangiers, you would buy it? i like it too. >> the glitz and the glamor, there is no escaping that mall. but the dead malls that are out there. when you start to see the malls that they're losing everybody. losing the anchor tenants and everyone else as well. the wick's companies, the small little retail that depend on the traffic there. i

the judge also ruled macy's failed to prove penney's actions were malicious or immoral. >>> car thieves list of stolen vehicles the auto giant takes the top. number one is the escape. and then the jeep grand cherokee and rounded out the top five kia sorento. >> apple has an a new app but only it's a guy. his name is dom. it accounts for 40. of dominos sales in the u.s. anne-marie. >> see, i don't have the fun of siri asking the ridiculous questions to see what her response are. i can only imagine what kind of ingredients people are going to try to get dom to put on a pizza pan. jill wagner, thanks a lot. >>> still to come, remembering a major league legend. >>> and team usa opens up its world cup with a bang. in that confined space to move to change radio frequencies. i mean it hurt. i couldn't even get up and drive let alone teach somebody and be responsible in an airplane. as a pilot that meant i was grounded. ♪ make every day, her day with a full menu of appetizers and entrées crafted with care and designed to delight. fancy feast. love served daily. it's this new paint. nothing stay

penney all told us they are exercising caution, closely monitoring the situation, and invoking already established contingency plans ahead of the important back to school shopping season. shipments will be moved to other ports, transported by rail and sometimes air to meet customer demand. 2002 was the last time ports closed surrounding a contract dispute that lasted ten days and cost the u.s. economy upwards of a billion dollars per day. it only ended because president george w. bush ordered both sides back to work under the taft heartily act. they say there are signs the union is flexing muscles. he waited seven to eight hours last week to pick up cargo. for "nightly business report", i'm courtney regan. >>> now to another pillar of the economy, namely housing in this case home builder kb home reported earnings that topped east mi estimates. while fewer homes were sold this quarter compared to last year, the sale prices were 10% higher. kb is beginning to see first-time home buyers reemerge in some markets and sends shares up by 4.5% today. >>> and as new housing trend emerges in pri

was the third strike something involving a planetarium and a baby pool filled with wishing well penney's i don't want to talk about it. we don't have to talk about look these privatized prison corporations are making money off of putting people in jail they're becoming strong investments on wall street citizens are investing in the hope that the prisons will remain packed with inmates some of them sad to say. it doesn't matter whether sex or not locking people making money off of locking people up should be illegal in a fair enough plus the state sign contracts mandating of these private prisons will stay between eighty and one hundred percent for all times so the state needs to arrest people to fill their side of the deal and some of the people there as their sags say i agree with you on all these points put it it doesn't matter whether people are sex you nut that's clearly not have god views it my picasso friends. thanks john you're welcome listen to me trixie is locked up in one of these privatized for profit prisons for profit prisons it's run by corrections corporation of america c.

. [♪ mÚsica ♪] >> este segmento de "despierta amÉrica" es presentado por jc penney, cuando te sientadomingo? >> ahÍ estÁ. en uno de esos dÍas pero se va. >> a pasarla bien en brasil. >> mira! ok. vÁmonos pero a nueva york a conocer el nuevo talento del exitoso musical. >> asÍ es. esa obra ha sido cuatro veces ganadora del premio tony y vamos a ver a un joven que estÁ cumpliendo su sueÑo en broadway. vamos a ver. [♪ mÚsica ♪] >> asÍ llegÓ nico al teatro a poner su firma como parte del elenco. y como me consta que hacer el debut en broadway es algo que da nervios, fui a darle mi apoyo. hola, nico. ¿cÓmo estÁs? ¿cÓmo te sientes? >> un poquito nervioso. >> vas a estar muy bien. >> gracias por acompaÑarme. >> aprovechÉ para conocer un poco mÁs de este joven talento que jamÁs se imaginÓ que a sus 19 aÑos iba a llegar a pisar estos escenarios. >> es muy chÉvere. >> nunca lo pensaste. >> nunca. >> nico, cuyo verdadero nombre es nicolas griham, es de ascendencia colombiana por parte de su madre. >> ¿quÉ tan colombiano eres tÚ? >> me encanta colombia. y la comida, delicioso. >> ¿quÉ te gusta,

penney's saln they will give you a trim for free. loving this one. speaking of dad.. you can give them the gift of the good health. all sam's locations will offer free health screening from cholesterol to body fat. it would cost $150. of course they are for free. you can get all the details including the way that dad's can get a free 14-ounce rib-eye steak. that is bonus freebie. go to 6abc.com. >>> that will do it for "action news" at 4:00, i am brian taff. shirleen and i along with ducis rodgers is back tonight on >>> thunderstorms and downpours mark the start of the welcome back. we show that several storms in our area that bring the threat of the flooding gusty winds and even hail. it's friday night. monica malpass is off. shirleen is joining you. the hot and muggy weather triggering storms across the delaware valley. >>> there is a departure delay in effect because of tonight's severe weather. you should expect delays up to 75 or longer. you should call ahead if you have plans to fly out tonight. >>> and melissa is tracking the watches and warnings in effect rig

on the other hand, you could have set your clock on how poorly jc penney was going to do and now we seeto positive numbers. nordstrom has been weak. now they're strong. dillard's, long considered pathetic has become a positive standout. dillard's for heaven's sake? how come there's a big variation between home depot and lowe's? all aspects are mystifying. with sports apparel selling so well how can dick's sporting goods blowing it real badly? what's the story with gamestop? coach, disastrous. kate spade doing well. micha michael kors has been a horse, has it thrown a shoe or a leg? cnbc contributor and writer for the street.com reality check herb greenberg has implied, what happened to toomey? restaurants are the toughest of all. we saw chipotle have terrific top line numbers but can the bottom line regain the luster? apocalyptic pricing for certain. panera bread was so predictable. but have the prices gotten too high for panera and chipotle? is that why applebees and ihop are surprisingly strong? especially when you have a waitress or a waiter serving you. everyone is ready to pounce o

. >> then you're surprised to see jc penney the last month was good.d the fact that we have a dirt of information versus of what we used to have. >> on the streaming companies, back to greg mcfay, interviewed him a couple weeks ago, sirius, there is going to be consolidation, my guess at some point, maybe not today or tomorrow. >> has to be. >> but eventually they will buy one of the streaming services at sirius. why the doj keeps getting involved in these things. airlines. forget about it. go four, three, two, don't worry about it. >> delta the shares remain the most undervalued group. dell it's over 40. why did this happen? the justice department has blessed -- >> songs and books. >> god forbid. publishers should charge $11.99 for a book. >> delta is going hire. the railroad-ization of america. ever talk to the railroads? when is norfolk southern coming up against union pacific. nobody competing in the railroad business. that was the 1890s. delta is going higher. look i continue to say that american goes to 60. everything is going these guys' way. >>

penney's is down as well.>>> how did inglewood cliffs compare to pinehurst? >> it doesn't compare at all. >>> let's take you to bakersfield where hundreds have been forced for flee their homes. 115 miles north of los angeles. the fire covers about 1,000 acres right now, and it is expanding. it is windy in that area, making life even more difficult for firefighters. early start to the fire season. >>> early start. it's been so dry. >>> the dow jones industrial average up about 18 points on the trading session. bob pisani joins me here. >> and rather predictably, we came off of our highs, briefly went into negative territory, but moving up today. the xop is at a history high, but we're sees movement in the etfs. look at the in etf, the iye. i mean, like four times normal. somebody is moving into energy, but elsewhere somebody is moving into industrials as well. that's had very big volume, coming off the lows. technology, iyw, very heavy volume in that as well today. that's not far from historic highs. health car

penney or target. that's the deal, mike. you have to wait in line, to get an appointment at the picture play, and all of these different things, then all of these companies come to your house, help you with wardrobe, and they're not much more expensive than what you would pay to stand in line. >> and i bet you get better shots at your house, your backyard, at the party. you don't have to worry about taking the pictures yourself. i remember videotaping my little daughter jess, when first born, oh, my head was constantly in a view finer, i'm missing her life! >> sometimes to take christmas picture but don't want to shell out the money for a professional photographer, like if you went to disney or something, and they had their own professional photographers, that's when you can get family shot that's great, like the try for the christmas card picture? >> yes. >> even like ski resorts, bear creek, up there this winter, and bear creek they had a photographer there. i think it was 40 bucks. the picture could literally be a christm

penney and i bought a small ring and i took it back to the hospital and i left a little note.e's station they come and they said the officer that was here yesterday left you this. a promise kept 67 years is worth something, you know. >> reporter: it is. betty's original engage many ring is gone but arthur is still there so is a new ring. >> that was liz nagy reporting and police are investigating who stole the original ring. >>> a dog that really didn't want to take bath ends up in a scary situation in sacremento. little bailey tries to jump out of the tub but somehow got his back paws stuck in the drain. both firefighters and veterinarian were called out to help. >> the dog was really stuck, and getting really upset about being stuck. >> it was pretty tough. it took about 20 hammers each time each one the dog and i were bouncing in the bathtub. >> the bathtub was destroyed and bailey's owner says he's not going back in the tub any time soon. >>> all right. the weight is finally over. this morning on "good day philadelphia" we were all treat to do big announcement mike jerrick

the stores they're closing are jc penney's. [ laughter and applause ] why not just close the competition 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 i

. >> two term congressman richard hanna going up against a state representative named claudia penney, nobody else has taken up this brat pack mentality is what she's calling it. she says she wants to be part of the brat pack because dave brat is who wound up taking out eric cantor. she has raised a whole lot of money off of this. she has had a lot of support from some talk radio hosts who said is, you know, hanna going to become the next eric cantor and she tweeted out a message saying yes, we think he is the interesting thing here this is a real swing district, actually. this is a district mitt romney only won 49.2 to 48.8% over president obama. and democrats did not even feel the candidate. they missed the deadline so this is it. >> so if she wins that gives the democrats a little bit of hope. >> it could. but they didn't feel the candidate so they are actually, they'rout of it. so you know -- >> you mean it's too late. >> it's too late. they missed the filing deadline that is one reason why a whole lot of life as people say is showing up. >> all right, let's talk about one other ne

the places that are hurting are the sears and the penney's and the restaurants that cater to the middle class. those are the kind of places we ought to be looking at when we talk about economic growth, and some of it goes back to the days of henry ford. i mean, the history has been kind of distorted on it, but clearly, when he raised the wages of his workers, that was a key to helping to found the middle class, which derives economic growth for the long term in our country. >> other questions? while you're thinking, senator, jerry raised the ttip authority. what happens with that and the transit specifications? it gives the opportunity to speed negotiations with partners. the argument is all the partners abroad are holding their best offer off the negotiating table until they see that the negotiations are not going to have to be approved by congress, that the administration does have, in fact, tpa. >> first of all, and it's hard to keep all the acronyms together, the lines have sort of blurred just as much has in government today. it used to be, and i have colleagues come up to me and s

penney, extraordinary individuals, we did a survey of them, got an 82% response rate, really had an amazing experience, and then i went about the process of building a leader should development program models on the white house college of for college students. i was invited to assume the presidency at borden. i will never forget my conversation with the rice president and that went into tell him, he said we're really excited about you but i have a question. whose intellectual property is that study you did? i think it is part of my research. said i was afraid you going to say that. it is the only program in the country that is modeled on the white house college of program. and between 20 and 40 that significant season, people who have a particular upward trajectory have the opportunity to significantly sharpen the angle of their trajectory and go on to assume significant positions of responsibility in their chosen vocation. in addition to institutional leadership and early leadership we also saw the value of symbolic leadership. it is interesting because i did not realize how much leadershi

but the places that are hurting are sears and penneys and the restaurants that cater to the middle class. clearly, when henry ford raised the wages of his workers, that was a key to helping the middle class drive economic growth for the long term in our country. >> senator, what happens between now and the end of the year on fast track operations? it's giving the opportunity to speed negotiations with partners. the argument is all the parter ins abroad are holding the best offer off the negotiating table until they see that the negotiations are not going to be approved by congress that the administration does, in fact, have it. >> first of all, and it's hard to keep all of the acronyms together. the lines are just as much have in government today. you know, it used to be, and i have colleagues come up to me and say, hey, what are we talking about this tpa deal for? because i just read in the paper that tpp is almost finished. what's going on? i thought that the whole point, and when you read the text or the law, is tpa is supposed to define your negotiating objectives. you do that first

penney, sold shoes, before that i did some various work, machinist, that's what i mainly was, littlegraphy and also pump gas at a gas station. >> got you. he goes on the internet and he gooing unless stuff. >> knowledgeable guy, too. >> thank you for the wealth of knowledge you have. >> thank you. >> all right. >> back to you guys in the studio. >> that gentleman would love this little factoid. >> 1913, death valley, california, was 134 degrees. >> oh, well, ya. >> one of the hottest temperatures ever recorded. >> probably close to that now. >> take comfort inn that. >> 8:06. food costs are continuing to rise. in fact, prices of food are now at an all time high. consumer price index found price of meet, eggs, fish, hit all time high in may. those price haves been steadily going up. now probably, the drought in california, thin cattle heard, and virus in the pork population, and we hear more now, gas price also rise because of what's going on in the middle east. >> exactly. i don't think you can get out of the supermarket. we have family of four anything under $200, any more. >> for a

penney. and i bought a small ring, and i took it back to the hospital and i left a little note. >> the nurse's station they come and they said the office their was here yesterday left you this. a promise kept 67 years is worth something. you know? >> original engagement rings is gone, but her husband is still at her bedside and so that new ring. police are investigating who stole the original ring. but good for that officer, guys. >> now that's cool. >> yes. >> sweet. >> by the way the police officer looks like quinn on the bold and the beautiful. >> maybe she is moonlighting. >> okay, kind of sidebar to that story. 7:20. could you tax yoga? yes, it could cost more to hit the gym, where lawmakers just approved, approved something called the yoga tax on gyms, studios, and other at let being business. >> i'm cancelling my son's sal sue takes of the morning. >> me too. no more downward dog. too expensive. >> absolutely, guys. here is the situation. a lot of people want their kids to play golf. b

. >> este segmento "despierta amÉrica" es presentado por jc penney, cuando te sienta bien, lo sientes playa. >> muy pronto me voy a ir para brasil a celebrar este gran mundial. te la voy a cuidar. >> quÉ emociÓn. vamos a un mensaje porque yo estoy bien emocionado porque faltan tres dÍas. me puse mi tanga de mÉxico para celebrar. >> ¿quieres ser nuestro amigo en facebook? entra a facebook.com/despiertaamerica y danos like. allÍ podrÁs ver fotos, videos, recetas, tips y toda la informaciÓn que necesitas para comenzar con muy endulzados a la perfección los 5 granos enteros en multi grain cheerios no son saludables al menos que te los disfrutes. saborea los 5 granos enteros en multi grain cheerios. dulcemente buenos. ♪ ¿cuáles son tus deseos? ¿tus sueños? aarp te brinda la oportunidad de que los cumplas, ofreciéndote información sobre cómo abrir tu propio negocio y todo tipo de recursos y beneficios. aarp posibilidades a tu alcance. >> un hombre en un elevador protagonizÓ un peligroso ascenso que por poco le cuesta la vida. precio no los botones y desafiando la ley de gravedad, el ascenso

penney.ith your friends to recap some issues there with greg fleming and for chris dodd to see what progress have we made. phil donaldson, the 24ing sec exchange commissions chair and richard breedan and have a food fight on whether or not it's tougher at wall street. is the scrutiny tougher there? >> jeff, is it something that ceos are concerned about? are they worried about the activist investor? is it something that strikes fear in the board room today? >> it's one of their top fears. it's difficult. i have been doing this stuff a long time. hopefully, it doesn't show. but the fear used to be when i started out, you did have a lot of crony board and entrenchment issues. for the most part, that's gone. you actually do have boards that are really attentive to the outside. we have some, most of the places are pretty well governed and trying to make investments for theening loer term is hard. some retailers, i mean, there is no surprise why mickey drexler felt he had to take j. crew public or

. >> do you sell product at jc penney or kmart for example? >> very little to k mart.a difficult situation, but they're a customer. but a fraction of the size of some of our other customers in the same space. >> you have a grill, i see, back there. we teased this before. >> a coleman road trip grill. >> i can use this if i had -- >> you can use it on your balcony. it's got wheels. take it down to your -- into the garden downstairs. char coal? >> does it need charcoal? >> does this have coal, burning co2. >> it's gas burning. >> you don't need a match or anything. it has an ignition. >> and how much does this retail for? >> you're asking me? >> yes, sir. >> i don't remember. >> it's okay. >> i think it's 199. i'm not going to stick my head too far out. >> can you bring that in the house and try it quickly? >> joe -- >> trying to kill me. he wants to -- >> outdoor use. >> there's no -- maybe a george foreman grill. >> my speed. >> people use those inside, don't they? you can do a george foreman grill. >> he has no grill. >> what about like an electric ha bash chi thing.

. [♪ mÚsica ♪] >> este segmento "despierta amÉrica" es presentado por jc penney, cuando te sienta biente gran mundial. te la voy a cuidar. >> quÉ emociÓn. vamos a un mensaje porque yo estoy bien emocionado porque faltan tres dÍas. me puse mi tanga de mÉxico para celebrar. >> ¿quieres ser nuestro amigo en facebook? entra a facebook.com/despiertaamerica y danos like. allÍ podrÁs ver fotos, videos, recetas, tips y toda la informaciÓn que necesitas para comenzar con muy buen pie tu maÑana. >>eso ¿estÁs bien, compadre? >> es que sea faltan tres dÍas para el mundial. >> wow, baby! >> quÉ emociÓn. >> seÑores, ¿quÉ les puedo llegar a decir? siempre lo he dicho. hay mÁs afuera que dentro. >> los dichos de johnny. deberÍas escribir un libro. >> mÁs de 80 grupos y 5300 participantes tomaron parte del desfile principal de cuatro dÍas del carnaval, que muestran las diferentes costumbres artÍsticas en berlín. muchas gracias. este aÑo se llevÓ a cabo con un sol radiante y temperaturas alrededor de 86 grados fahrenheit. esta gente tuvo que haber sudado la gota gorda pero la pasaron sÚper. miren todos

penney are rolling out their back to school campaigns.u will find deals on clothes, backpacks and gadgets. retailers say the early rollout makes for good business. >> is there still back lash from this the same way you still see christmas ads from halloween. >> the summer sales are now. that's to stock up for next year. >> i'm all for books and backpa backpacks. my kids will grow a full size over the summer. >> size up. that's what i do. get the next size up. >>> check this out. this mysterious sea creature was captured 5,000 feet below the surface. scientists say they know what this creepy thing is. they believe it is a rarely seen jellyfish plotting its way through the gulf of mexico. this video was shot by an under water gulf rig camera. as jellyfish go this is about two feet long. >> it looks bigger. >> it does. >> maybe its mother loves it. it is not an attractive jellyfish. >> usually found about 7,000 miles in antarctica. scientists don't know how this guy ended up where they found it in the gulf. >>> world cup fever, it is time to

retailers like walnd jc penney are rolling out their back-to-school campaigns.deals on clothes, backpacks and gadgets. retailers say the early rollout makes for good business. >> it's the most wonderful time -- >> you thinkhe t will be that back lash from this, the same as when you start to see christmas ads at halloween. >> i've always shopped this time of year for my kid stuff. the summer sales are now. >> i'm all for books and backpacks. not clothing. my kids will grow a full size over the summer. >> size up. that's what i do. buy at the sales and size up. >> think ahead. >>> this mysterious sea creature was capture feet below the surface of the ocean. it has puzzled observers for t scis .ha this creepy thing is. they believe it is a rarely seet at great speed through the gulf of mexico. the video was shot by an underwater gulf rig camera. as jellyfish go, this is a big one, about two feet long. >> looks bigger. >> it does. >> maybe its mother loves it. it's not an attractive jellyfish. >> how long is your leg? you fall into that thing -- >> they're usually f