. >> this report is brought to you by ralph lauren. >> it's the city that's visited by more tourists than any other city in america, especially this time of year. welcome to the big apple -- new york city. so, if your family's visiting for the holidays, here are some great things you can see and do. let's start at the top. you just can't beat the views from the observation deck of the empire state building. if you like to skate, the ice is nice at wollman's rink in central park. here's one tourist attraction that's good enough to eat. serendipity has fun food and its famous frozen hot chocolate. [ chuckling ] yum. new york is the theater capital of the world. a hot ticket is the christmas spectacular at radio city music hall. but one of the best shows in town is free -- the fantastic holiday windows, like these at ralph lauren. they draw lots of oohs and ahhs. >> look at that. [ gasps ] >> look at the dress. it's so pretty. >> and they draw you into the store, as well. how could i resist? they're all gifts, i promise. and of course, there's the giant tree at rockefeller center. so, l

big name brands like coach, ralph lauren and tiffany's lost. the fear factor now up 25% in just five sessions reflecting investors' worries. >>> now retailers are trying to fatten up their bottom line by after christmas sales marking down as much as 70%. compared to last year, holiday spending was down 1.4% in the east. >>> meanwhile, a new survey ranked amazon.com as the best website for online shopping while jcpenney showed the most for sats fakz. satisfaction. >>> and a jury found it should pay carnegie melon university $1.2 billion for patent infringement. >>> water levels are so low on the mississippi shipping traffic could come to a halt putting grain and other shipments at risk. >>> played by patrick dempsey, he wants to breathe new life. the "grey's anatomy" star wants to save 500 jobs. >>> and finally proves that facebook settings could be confusing. mark zuckerberg's own system randi struck a nerve with followers say it was way uncool to repost. she then said digital etiquette, it's not about private setting, it's about human decency.

brands like coach, ralph lauren and tiffany's all racked up substantial losses. the vix volatility index or the so-called fear factor now up 25% in five sessions, reflecting investors' worries. now as the returns and exchanges roll in, retailers are trying to fatten up their bottom line with active christmas sales by marking down prices as much as 70%. compared to last year, holiday spending was down 1.4% in the northeast. the mid-atlantic sales moving closer to 4%. >>> meanwhile, you can get cash in exchange for the less-than-perfect presents at a shop in paris. the shop will be opened until january 1st. a survey showed more than half of those polled stand to profit off their rejected gifts. >>> a survey ranked amazon.com as the best website for online shopping, while jcpenney fell the most in customer satisfaction. >>> fresh data shows home prices are on track to match their first yearly gain since 2006. bad news for marvell technology. the chipmaker tumbled 10% after a jury found it had to pay carnegie mellon university $1.2 billion for patent infringement. >>

coach and ralph lauren and the gap and game stop and nike, when you look at those in the top ten, theity of them are retailers. the spending numbers for mastercard, october 28 through december 24, they said it rose .7%. you know what, a rise is good. it is our worst performance that we have seen since 2008. not a good showing for these retailers overall. the markets today are having somewhat of a hangover as well. the dow is down. dagen: thank you. my next guest that with the president about the budget cuts that will hit if we go over the fiscal cliff. we are talking about sequestration. burial blakely -- great to see you. >> i think the president has stated very clearly that the cuts will not happen. we have a need for the congress to join him back here and washington and get a deal done. dagen: are you worried that there is so much attention being paid to the automatic tax increases and not dealing with the sequestration that would hit your industry hard? >> you have it exactly right. the slashing cuts in federal programs will begin to affect everyone and affect us immediately. cert

we got coach, high end retailers such as tiffany moving lower, ralph lauren, urban jut fitters lowern poor data on sales this holiday season, and it's all due to the latest holiday spending figures that the stocks move lower. sales decreasing at a slow pace since the recession hit in 2008 according to the mastercard survey, the latest one. we'll pick apart the numbers later on in the show. hey, but check out crude oil, @ jumping today, up more than 2%, 3% on the day, near 91 bucks a barrel. first, there's optimism about a budget deal, perhaps in the next few days, optimism, isn't it, and supply concerns, iran is conducting naval test exercises and a strait of hormuz beginning tomorrow through the weekend. that could be a touchy situation and, hence more support for oil. the price of crude up nearly 3%. right to the floor. we have traders on the new york stock exchange, the cme group, and the imex. we start with crude, perhaps iraq scaling down its production. we got iran doing their naval exercises again, and perhaps a little bit of optimism that washington will finally get it done,

this is denim and supply ralph lauren. >> this is a camoflauge sweater.ng. >> $185. wow, okay. guys are easily distracted. we need toys all the time. guys are shaving their head more than ever. not everyone has a full head of hair like i do. the guys at head blade put this together. it's like a match box car with a razor on it. i'm going to drive it over my glass friend's head here. if you have a daredevil in your life who maybe wants to kill himself, try these out, these are rocket skates. >> skates? >> you strap these on, press this button, straight into a wall. it's fantastic. they are about $700, but they are so fun. i drove them over to the studio. >> oh, my gosh. >> what touchdown do you have do you have at the end here? >> so, what holiday season would not be great without -- >> complete? >> thank you, without a battle. get together with the family, this is the ultimate nerf hell fire. shoots about 36 bullets, squeeze like that, and boom. you want to attract the crew a bit? >> look at mine. all right, kids. mine is broken. >> i'm not loaded, stop!

crew, nicole miller, and ralph lauren. >> the newthing about new africa is it creates distribution channels for these women to have access to consumers that would never have access to their products prior. >> you can buy indigo africa's products online, go to nbcwashington.com and search african gifts. >>> let's get one more check on our weather forecast. doug kammerer is live outside the white house now with the national christmas tree lighting. hey, doug. >> reporter: hey, guys. they just brought up neil patrick harris. you see him right there behind me. he's got on a very nice scarf. if you see neil patrick harris, you know things are about to get started here. they're about to bring up the president in the next couple of minutes to light the national christmas tree. we'll be here right on through the rest of the evening. >> celebrating 90 years of a very special national tradition. calvin coolidge has been part of this terrific event. millions of americans will, of course, be celebrating this holiday season with their own christmas traditions, but we're glad you joined all of us here fo

gap down, abercrombie down ralph lauren down.ven though i called you my wife. >> i was going to let that go. i was assuming you were talking to pete. in macy's, i've been losing money. the stocks are extremely cheap. a lot of the retailers are cheap, but you can't ignore the data. there's been no reason to really feel good about retail except for the housing market. discount the employment numbers because of participation rate. i'm with joe. i think you have to take the money off because the next move that's going to be in the market is going to be in the cyclical stocks if you get a deal on the fiscal cliff. if not, then retail goes worse. we analyzed this last week and said there's big drag. >> so, doc, is the trade the prudent trade you have to take some money off the table in the retail space? the consumer, the data has shown to be good and then you get holiday numbers from master card that say we're only up .7%. >> i'll take any gains we can get. the fact that we're just about flat is a positive for me. obviously there's a p

three nikes, four price lines, eight dells, nine coaches, ten macy's, 11 ralph laurens, 12 mattells andn pear tree and it's still a $500 billion company. it goes down $100 billion in cash and plus it's growing. the price to earnings multiple, the apples to apples method evaluation, so to speak, will be the lowest in the whole s&p 500. that can and is happening. valuation will get so cheap that apple will be too compelling for informed people not to own. the company's not going to sell through all of the cash and respective cash and this company is one gigantic atm machine. and guess what? the chart with the nauseating terminology will be meaningless at that point. the technology, not the technicals, will again matter. so sellers, keep all that in mind. right now the calendar, the chart, the tax codes all are against the stock. four weeks from now, they're all in your favor. to me, that says it might be too late to sell. and if apple dips below $500 again, it's -- >> buy, buy, buy! >> linda in california. >> caller: hey, jim, i'm curious about how you feel about the great, efficient serv

market action tweet iing ralph lauren.eless and classic, profitable, around outlets also popping up. anthony, the stock up 7%. your thoughts? >>> just think there is one of the fabulous luxury international brands. they have figured out how to be something to everybody in all markets and i like the stock for the long-term and the management team has been phenomenal. >> look the stock for the long-term. last tweet. michael kors, that's what the last tweeter has to say. his designs keep regenerating. coach had to rehash legacy, girls want kors. this has been a big debate, michael kors versus coach. dr. najarian, where do you put your money? >> i like kors better than coach at this level. so, i would take kors, and i do see some unusual activity in there. >> really? what sort of strikes? >> the 50 strike. i still think it has a date with 50, that's coach. as far as kors, there's a lot of speculation in this here and i think people could be rewarded for it. i certainly rather be in the options, melissa, than in the stock itsel

s, six estee lauders, seven cbss, eight dells, nine coaches, ten macy's, 11 ralph laurens, even 12 mattels. that's a lot of barbies. a few more good numbers for you on shorter time frame as well from the close on monday to now. apple has lost roughly $38 billion in market cap. that's slightly higher than one methlife. yesterday alone apple lost $35 billion in market cap to put that in context, there are 417 companies on the s&p 500 that have total market caps lower than what apple lost in just one day. >> it's like 50 rims. >> exactly? >> and 100 nokias. >>> this is a serious topic. it opens up the question of whether apple shares should be bought or sold. that's the bottom line. joining us to figure it out, tony sakanagi, josh brown, and the one and only jim cramer is right here on set. i'm going to get to the other guests in just a second, jim. i want to begin with you. look at something that i prepared on valuation. so this is apple's trailing and forwce to earnings ratios against google, against microsoft, against amazon which is just out of left field. 12 times trailing. google is tra

>> ralph lauren, rl. >> weiss? >> xle on the short side. can't believe where crude is. >> jon? >> ann taylor. ann. >> that does it for us. thank you for watching. see you tomorrow, 5:00 for "options action." >>> i'm jim cramer, and welcome to my world. >> you need to get in the game! >> firms are going to go out of business and he's nuts. they are nuts. they know nothing. >> i always like to say there's a well market somewhere. >> "mad money," you can't afford to miss it. >> hey, i'm cramer. welcome team money. welcome to cramerica. others want to make friends, i just want to make you money. call 1-800-743-cnbc. in the face of crushing declines and a glorious rally and even sometimes plain jane garden variety days in this market, there's a "mad money" toolbox to help you through and to help you become a better and wealthier investor. tonight i'm cracking it open, so listen up! if you're going to manage your own money, you have to recognize the value of maybe one of the most important issues out there, the value of humility, so, please, repeat after me. sometimes, i'm going to b

you've got ralph lauren, amazon, abercrombie & fitch, tiffany, the gap. fossil. urban outfitters. the limited. look at that. macy's on that name as well. many of the worst performers today are the retailers, perhaps on the back of that mastercard survey that we referenced earlier. by the way, though, as our long-lost friend herb greenberg might say, the biggest gaining retail stock today, yes, my friends, jcpenney. it is doing it right today. they are up a bit but still about 13 bucks a share below my bet price with herb greenberg. all mr. greenberg needs is a 66% gain in the next two and a half days to avoid taking me to dinner. back to you. >> i do believe that was a little bit of smug gloating, am i not wrong, brian sullivan? >> you're wrong. it wasn't a little. it was a lot of smug gloating. >> you take the shameless crown for today. >>> let's get right to the trading floor. i'm down here at the new york stock exchange. bob pisani is down here at the new york stock exchange. we have rick santelli in chicago. bob, you have been trying all day to figure out a retail dilemma. hav

tiffany, coach, ralph lauren are negative on the year and have been even before today's report. michael kors is the standout in luxury. remember they went public about a year ago. that's had a great run, up about 60% this year. but that's the standout in retail. can i also point out that some of the big banks are holding up very well today. there's another new high on bank of america. citigroup is at a 52-week high and soj me of the regional bank also on a high as well. >> time for a cough drop. >> sorry. >> bob pisani battling through. we are also on storm watch today. the deadly system that dumped snow and sleet in the country's midsection, releasing tornadoes around the deep south, that's now moving towards the northeast and it is having a major impact on holiday travelers. with hundreds of flights now canceled. weather channel meteorologist david malkoff has the very latest on the storm's path. >> wow, look at that. we are getting 25, 26, 28 mile an hour wind gusts right here on the northern suburbs of indianapolis, indiana, and it is getting worse as the winds start to push

. >>> keeping an eye on retail today, obviously, interesting, some of the readers, ralph lauren, coach, the big losers this morning are radioshack and so forth but deckers up 7%. people looking for reasons why the one thing we found that ex-peer yin, which tracks a lot of data, found that uggs the number one searched term online and it beat ipads, beat kindle fires. >> shocking. >> strange result in that kind of move a day later though. >> a few years ago, seemed that uggs might have been a fad. they have somehow been able to convert this product into something more of a classic item that stand the test of time. >> if luke at the longer term chart on deckers, not a good looking chart. the channel is downward sloping and also the short interest is pretty high in the stock, about 42% of shares outstanding are short. so, this could be a short covering rally, too on the back of this new data. >> speaking of shorts, what happens with herbalife in the next week is going to be so interesting. for people who sell herbalife it is a system of belief and interesting to see how they counterattack

. >> i thought you were still modeling for ralph lauren.t on to the tv gig. >> happy new year to both of you. >> happy new year. >> a lot more of that to come tonight right here on cnn's new year's eve live with anderson cooper and kathy griffin. they'll kick it off from 10:00 eastern. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today.

i said, i like these ones because those are ralph lauren. he has really improved.l keep them. then he made an amazing prime rib from costco and cleaned up, so it was a merry christmas for me. >> awesome. you know what, we need a happy ending. you do have one. he should bring you with him maybe. i'm never trying again without -- i will give people what they want. isn't that throat way to do it? >> or get a gift card. >> i hate getting taken. we just found out only 84 cents of a gift card ever gets spent. i hate that idea. >> that has actually -- brian riley says the so-called spillage is much less than that. he says it's gone down 2% of unspent works out to 1.7 -- >> for a gift card to the wife, jane, ew, how romantic, unless it's a really big one to the right place. >> there you go, in a blue box. >> fredericks or something. just kidding. that would be my present. jane, thank you. those didn't come from fredericks either. that's kind of conservative for -- let's just leave it -- i won't go there. anyway -- >> yeah, don't, you already said happy ending. >> you're ri