, the ceo of saks.- >> the other interesting thing, did you see that citigroup is calling this stock on 20% higher on the aspect that they'll be better able to tap tourism. >> there was actually a hearing yesterday about the very topic about speeding up visas so foreign tourists can come here and shop and because for saks it's a big issue because a fifth of the sales come from the new york flagship shore. >> it's controversial for security reasons and immigration issues. >> of course. that will be an issue that we talk to about with steve once we get him, so in the meantime -- >> right. >> exactly. we'll take a quick break. >>> meantime, hedge funds having a rough year in 2011 but are some of the top names in the game on the path for a big comeback, we'll name the names of some of the biggest guys in the industry next. ♪ when your chain of supply goes from here to shanghai, that's logistics. ♪ ♪ chips from here, boards from there track it all through the air, that's logistics. ♪ ♪ clearing customs like

. >>> a goldman saks worker quit in a big way. learned what he said and the national reaction to it. >>> before we head to break, a quick check of the commute. >>> a medevac helicopter just landed at the scene of a serious action closing beach drive at military road. there are critical injuries at the scene. take 16th street as your alternate route. i'll keep you posted on this situation coming up next at 6:30. you're watching 9news now. we'll be right back. >>> good morning. we're back at 6:29. this is always the place to get your weather first. we have a live look now. this is dupont circle and there's that half moon that mark boss has gotten for us. a beautiful moon. 57 degrees there. lovely start to the day. >>> grab your tank tops and flip-flops. thanks for starting your day with us. i'm mike hydeck. >>> i'm andrea roane. meteorologist howard bernstein is live on the weatherer is as with our beautiful -- weather terrace with our beautiful forecast. >> the birds are singing. we're headed for the low 80s. might peak at 84, 85.

oh, yes, she was very sexy, beautiful lady and she invited me into the back room and served me sak . go on! go on! well i stayed there all afternoon. talking and drinking saki and suddenly she looked at me and said, mr. kimono man, come closer. closer. and she looked me right in the eyes and said, i think i'm falling in love with you. i am! i love you. i want you. i need you. then she started taking off her kimono. she started to take off her - what happened next! calm down. i can't. i'm just so jealous. wow you must have had a wonderful night together. you think so? yeah. actually, no. no. just because right as i was kissing her. samurais brother suddenly came home. diver suddenly came home. what happened? well, when he saw us he was so angry and he puld out his sword and was going to kill me. oh! how exciting. it was not exciting. what happens. as he ran towards me, he slipped on the shiney floor and dropped his sword. so, i picked it up and i cut him down! you killed? that's right. at that point the wife took out 100 yellow gold coins and said, come on, let's run away together. no

h & m, saks fifth avenue and macy's are sending their buyers on to the show.sitions based on which of the different designs they like. then when you finish watching the show, you can go online and immediately buy the winning design or go into the stores the next day and buy the winning design. this is the first time that viewers have been able to buy the winning results of the show. and i talked to ben silverman about how he thinks this is hitting latest trends right now. >> you look at things like groupon and the way social shopping has exploded and marry that to the interest in fashion and the interest in real life business we've seen in the cable shows. this brings it all together. >> and the fact these retailers are putting real money on the line is expected to also raise the stakes and make it more exciting for viewers. >> who makes money from this retail play? >> well, maria, if the products are successful and consumers want to buy these items, it should be great for h & m, macy's and saks. and nbc because the producers of the show will get a cut of the

prosecutors say saks wanted to live. >> why students in ohio return to school today for an emotional procession, three days after the shooting rampage that left three of their classmates dead. 17-year-old t.j. lane was charged as a juvenile with three counts of aggravated murder. students are learning to cope with the deaths of three classmates. >> it is going to be different. i usually see them in the hallways, their smiles and laughter and everything. it is not going to be there anymore. >> classes are scheduled to resume tomorrow morning. >> the day after deadly tornadoes, the cleanup continues. >> there is concern about another wave of storms and targeting tornado alley. we have more on how they are picking up the pieces in harrisburg, ill.. >> nightfall cannot mask the devastation here. broken glass is scattered for miles, remnants of communities and lives torn apart. earlier, the sounds of survival echoed through harrisburg. crews pulling out or pauling of debris, though many here cannot clear away the chilling images of the deadly storm. >> i am nervous, shaky, i am tired. hav

the winner's collection will be launched at macy's, h&m and saks fifth avenue. >>> let's look at what's coming up in sports. big warrior news. >> big news. busy night. they're work me too hard, in fact. nfl owners have a checkbook in one hand and a pen in the other, as the free agent signing period kicked off today. either the 49ers or raiders make a splash? we'll have the answer. >>> plus, the warrior star player, monta ellis to milwaukee. that's coming up. ♪ [ male announcer ] for our families... our neighbors... and our communities... america's beverage companies have created a wide range of new choices. developing smaller portion sizes and more low- & no-calorie beverages... adding clear calorie labels so you know exactly what you're choosing... and in schools, replacing full-calorie soft drinks with lower-calorie options. with more choices and fewer calories, america's beverage companies are delivering. with more choices and fewer calories, (car horn) paying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can send money directly

and so what's the difference of contraception that's your own lifestyle choice to have i'm protected saks some people like it better than others and i do believe in the separation of a state and religion so you think it's a religious issue only you know i think it's a women's right issue as well but i don't think you could have a government mandate providing something that somebody may not believe in so i do believe there is a separation i think it's women's rights i mean i think that the government should subsidize these kind of birth control for women but is it women's right or women's choices because there are other ways to not get pregnant yeah but they are great is also included and the government is paying for it i'm still stuck on government mandated i do believe that birth control should be available to us we're paying high for these insurance. and for insurance premiums and if that is the kind of health care that i need i think it should be available to me whether a government has to mandate that or not i don't know the bottom line is any kind of pharmaceutical contraception is t

share and i read that he made almost six hundred million dollars in profit off that it's going to saks paid him a person half way back by the way sixty five billion dollars so you know he does have access to deals that you and i can't get max out basically insure him or profits he does benefit from the current monetary system to carry moral structure or a fractional reserve banking system so he's part of the people that benefit from this system so it's not a surprise to me that you continually denigrate slowly continually day greats over and this is a man that's been property ten years and he's been denigrating goal since as you know reserve from two hundred fifty dollars an ounce to seventeen what's it out now seven hundred sixty about a silver from four dollars that there are over thirty five so he's been wrong for ten years running by would you miss it is man. but you made the goldman sachs point now is doing the same thing of bank of america trading on inside information all right and just came around to time thanks so much for being on the kaiser report ok it's been my pleasure al

shares and i read that he made almost six hundred million dollars in profit off that it's going to saks paid him a. way back by the way sixty five billion dollars so you know he does have access to fuels that you and i can't get max out basically ensure him or profits he does benefit from the current monetary system the current moral structure of a crashing reserve banking system so he's part of the people that benefit from this system so it's not a surprise to me that he continually denigrates gold he can see a great sober and this is a man who's been wrong for ten years and he's been denigrating gold since as you know reserve from two hundred fifty dollars an ounce to seventeen let it out now seven hundred sixty about it silver from four dollars that are over thirty five so he's been wrong for ten years running why would you listen to this man. right you made the goldman sachs by now i think the second thing of bank of america trading on inside information all right. thanks so much for being on the kaiser report ok it's been my pleasure max all right i'm going to do it for this editio

for instance in the piece, packaging for saks is going to be different than packaging for the supermarket>> i totally admire she said this is a high-end product and when she got different feedback, she said, oh, well, the customer is somewhere else and she did not bang her head on the wall for a market that would not come to her, and she had the realization to come to a belterer way. when we talked to people about the news letter we thought the market was women with small kid s or big jobs but it turned out people just entering that phase. we thought it was women coming out the other side, but she is change and building a great business with a new focus that she is diligent about going after to, so hats off to her. >> and you have to refine and figure tout core customer and then figure out how to multiply marketing to that customer. >> yes, and don't get so weighted in, because you might have wanting to be tied into a world with high-end prestige attached to it, so get your ego out of it a little bit if it is attached at all and this is my market and grow it more. >> and they say if you w

goldman saks morgan stanley, entities like that, right? >> exactly right.y don't necessarily all have to be located on wall street but they are dealing through wall street tactics and really speculating on and exploiting the kinds of international factors that cause fear whether it's iranian shutdowns of their oil products et cetera, but the point is if the markets were working that exploitation wouldn't work. >> now the commission already has these powers it was passed in the dodd-frank bill. it was supposed to have been taken effect a year ago, and they were supposed to have drafted the rules to limit this. they took a draft, and then kick it over to the securities and exchange commission who is supposed to do something else. but all of these speculators in the meantime filed a lawsuit. what does your bill do to be able to circumvent the lawsuit that the lobbyists for the investment community filed? >> the lawsuit was against the -- my futures trading commission, saying it could not impose this rule which basically says that speculators can't corner the m

it's a lot of goldman saks people. >> so santorum really here on a whim and a prayer. [ laughter ] >>ggest stat for the santorum fund raiser tickets start at $125. >> that's a democratic party -- >> exactly. >> california republicans determine their delegates by congressional district. romney may be ahead, but i think santorum has a shot to capture some of those conservative central valley conservative seats and build up his delegate account to boost his chances for vp. >> he better be careful what he is saying about romney. >> right. >> there was another poll that was out today, and i'm going to show the viewers a screen of this, and it was related to the war, and in -- in that -- if i can -- >> remarkable isn't it? >> the cbs poll found that 69% think that the united states should not be at war any longer in afghanistan and that has moved considerably very quickly. the political play on this is somewhat interesting, because the republicans are trying to outflank the president to the right, but ultimately i think people are seeing what they could be spending that money on here at hom

the firm very publicly which is kind of counter to what traditionally is the culture of apple and saks so i'm told let's read a little bit of it and then i want to ask your input so he says one of the excerpts to put the problem in the simplest terms the interests of the client continue to be side land lines in the way the firm operates and thinks about making money goldman sachs is one of the world's largest and most important investment banks and it is to ensure girl to global finance to continue to act this way now of course the question that comes about you know there was plenty of evidence in the wake of the financial crisis and sachs seemed to be putting making money above all of any other concerns you had temper wolf you had out because you had these deals that had evidence that look like goldman was bundling and selling bad investments and then betting against them does this show this resignation letter show that this is still going on and if so this is kind of like a blood clot that is stopping that movement in the circulatory system of the global financial system will basical

street has a fundraiser at purdy five thousand dollars a ticket and it's hosted by goldman friggin saks i mean look i love being on american but we have the right to speak up we have to duty to speak up and i think special interest money has locked washington down it's not only broken it's bought and it's not right i have the will this president may be a hypocrite but do you think that i mean look around at the other options right now to i'm jarius what you think of that first of all i don't think there's any problem with tax or super pacs for individual spending you know people like sheldon adelson the guy who's backing newt gingrich as you know you know this is a little just. an entire you can't you know gold and i would rather know and you know this is why it's because of the one nine hundred sixty eight to the candidates who have eugene mccarthy who really got the if you war movement jump started in america it was funded by a single millionaire and you know when we talk about super pacs and we worry about that the fact is is that obama in his own reelection campaign has hundreds of

. >> at gourdman saks, i helped do some hiring for that. the people who you hired for the military stayed. they felt loyal and thrilled to have the job. what's the -- what's the retention rate? veterans versus not, at clorox? >> we see it fairly -- fairly typical, although to your point, jim, it's a bit better. think one of the things we've got, i don't know if you did this at goldman, one of the things we've done recently for perspective, this last quarter, january, february, march, the quarter almost over. 16% of our hires have been vets, which is really i think pretty impressive, we are trying to wrap it up even beyond that. we've done a few things, jim. first thing, put all of our external postings on vetjobs.com. a job postings site dedicated to folks trying to transition out of military into the private sector. all of our job postings go up there, it helps a lot. and secondly, participating in sac conferences, service academy career conferences, conferences dedicated to graduates of the five service academies. as you know, the talent

you have three great retailers, macy's, saks and h&m will be bidding for the t-shirts, the jeans, thelly the judges, too. >> yeah. >> are these clothes that people at home will say i can wear that to work or clothes that look neat but never buy? >> this is not about buying the $10,000 gown. these are clothes designed for america. that's our role, too, you know, is we have to transition -- we have to help these designers transition into actual brands, you know. you can be an artist and you can be as creative as you want to be, but unless you know the business side of it you're not going to stick around. i think we've all seen so many incredibly talented designers that disappear and we never hear from them again. >> it wasn't for lack of talent, it was just knowledge of the business. >> yes. in the industry, it's about listening to the buyers and understanding how you're going to brand yourself. and so that's what's so special. >> somebody missing here today? >> she's busy cooking and her baby. >> cooking her baby. >> she's been pregnant for four years. when is the child due? >> i don't

high end apartments, luxury is making a comeback not just in the united states but overseas, with sak's surge because of a 20 percent increase in onlynn sales and the c.e.o. says luxury shopping is up significantly but not quite back to the pre-recession levels. and the store says the growth is tied to, guess, the stock. as long as it is doing well shoppers are spending and the share rose 2 percent today and they are raising near the highest level since last july. coach shares, very hot. they surged 5 percent today to over $76 a share and the stock now at an all time high of 26 percent so far, and the c.e.o. is speaking at a conference in new york today saying he is seeing strong business in china and some predict the chain will open 30 stores in key areas in china. and more growth for william sonoma, reporting in overall 4th quarter profits 8 percent rise on strong performance on west elm and pottery barn but the c.e.o. resigned today. the luxury retailer is hot online with sales jumping 18 percent in the last quarter. so and therery items are coming become but there is a theme: intern

saks doesn't have the growth i want, but it has consistent numbers. these are two investments for me. i'm not a trader of retail stocks. it's too hard anymore. those guys are zipping in and out. it's just too nimble. i like to invest. i want to go to joe in michigan. joe? >> caller: hey, jim, big boo-yah to you, brother. >> right back at you. >> caller: i'd like to know with the rapid growth of ralph lauren overseas, the new dividend they're putting into place, and the fact it has gone up as fast as it has, do i still have time to get? >> yes, that is a monster stock! >> buy, buy, buy. >> they're just beginning to tackle asia, china. ralph lauren is right up there with coach, if not better. i know ralph does watch the show. gee, he lumped me with coach. coach isn't a bad company. i do see ralph lauren can see 200 without much of a problem. i want to go to jeremy in nebraska. jeremy? >> caller: boo-yah, jim. >> boo-yah. >> caller: my question is regarding select comfort, ticker symbol scss. >> monster, yeah. >> caller: i noticed the stock has run up fr

gap, limited brands, macy's, nordstrom, saks and target. >> if you think those brick-and-mortar sales are impressive, forester research said americans spent $200 billion, with a "b," online last year. and they're expected to shell out $327 billion on internet stores by 2016. the study also predicts online sales will make up almost 9% of overall retail sales by 2016, up from 7% today. so what's driving the sales online? innovation such as flash sales are responsible in part for that growth. and in a cnbc exclusive, we welcome susan, the innovative ecommerce company that pioneered flash sales. i forgot to look at noon today to see what was for sale. >> you should have been there. >> good to see you. >> good to see you, too. >> we were just talking, tough time for retail today. very competitive. if you're up on the innovations that are going onion line, you're on top of things, aren't you? >> absolutely. but i think, you know, clearly retail had a pretty good month last month. and that's good news for all of us. because that means the economy is coming back. >> you don't think that's an

have given that you would have gotten the whole group of wall street participants to get it wrng so to sak, i would have said zero. >> we are with this piece of legislation moving towards greater risk. we are almost certainly moving towards substantial new concentration and mergers in the financial services industry, that is almost certainly not in the interest of consumers, and we are deliberately -- >> a handful of politicians who tried to sound the alarm. among them was senator byron dorgan of north dakota. >> what does it mean if we have all this concentration and merger activity? well, the bigger they are, the less likelyhis vernnt cn aow tm to fail. >> were you aware of the few senators who raised real concerns about removing glass-steagall, about what would happen? >> no one that i'm aware of it saw it clearly. you point out to some senators and congressmen who did, but somehow we described them as being peripheral. and i simply said, "they're wrong." turned out they weren't. >> i think we will in ten years' time look back and say, "we should not have done that, because we forgot th

the author oliver saks who wrote "awakening" and "the man who mistook his wife for a hat" wrote about a kind of health, a strength, a grace that go beyond the depth of any illness, and he could have been describing stephen hawking. another of the questions i'm frequently asked about steven is what is his most significant contribution to science. i believe that most of his academic colleagues would say his establishment that black holes emit hawking radiation. this was an unexpected discovery back in the 1970s, unexpected to steven, certainly unexpected to the rest of the scientific community. it took some time to be accepted. he got some ridicule at first. but it has stood the test of time and is likely to stand the test of more time. since then his work has become more speculative. testing big ideas, throwing out mind-boggling suggestions and proposals and dealing with those more fundamental l questions. for instance, his and jim's no boundaries theory for the origin of the universe this -- in which in a very, very early universe the dimension we think of as time was fourth space dim

the winner of "fashion star" will have their collection launched at macy's, h & m and saks fifth avenue. >>> the palace of fine arts in san francisco will hold its 24th annual pie day festivities today. the celebration will kick off with a pi parade and pie eating contest. it is a number you get when you divide the circumference of a circle by its diameter. but i didn't need to tell you that. >> exactly. i like all that fancy math stuff but i really like the pie part. coconut cream. >> festivities run from 1:00 to 3:30 in the afternoon. >>> 5:10 right now. snow in the sierra. we'll tell you how much coming up. >>> the bay area city consider one of the tops when it comes to st. patrick's day celebrations. >>> plus, a great day on wall street for investors. a look at if it will continue today. that's coming up in a live report. >>> and for the latest news, traf weher, fin us on facebook at nbc bay area. hundreds more in your wallet year after year. feed me! saving you money -- now, that's progressive. call or click today. never in my lifetime did i think i could walk 60 miles in 3 days. (

t-shirts, jeans, leather jackets with the help of the mentors and they are bought or not by macy's saksased on the fact that you have been successful in your career. >> you do have to be -- there is a difference from being an artist to being a brand. we want to transition them to be a brand. you don't just want to design a $10,000 gown and never hear from them again. this is about clothes america wants to wear. >> and you can buy tonight. >> it's about helping them understand it's not about being a one trick pony. they are learning to build a brand, an image and create an aura around who you are. >> people at home say how can you buy the fashions tonight? the episodes were taped a while ago to give the stores a chance. we want to remind you to catch "fashion star" tonight at 8: 9:30/8:30 central time on nb >> let's show you what's happening as far as your weather today. we are looking at showers and thunderstorms and making their way through the gulf coast, southeastern atlantic states. we have wet weather making its its way into the pacific northwest with snow. plenty of shine, record

and saks moved up more than 444%. >> unbelievable numbers.henomenal growth and demand continues to grow for super luxury cars. which company is cashing in on the man bag here in the u.s. and abroad. >> he likes a good conversation about man bags. >> he has extensive knowledge of the man bag category. >> the luxury boom. >> 9:00 p.m. an original. lots and lots of content talking about the new big spenders. lots of interesting nuggets. >> who else to do it with but you, courtney. >> let's go to ceo and chief research officer to talk more about this end of the market. where do we go moving forward after the huge gains over the last three years? is it sustainable particularly on a day when we are talking about chinese growth slowing? >> yes, you do have tougher comparisons coming in 2012 than 2011. certainly we did have a little bit of volatility in 2011 particularly in the back half. it feels like setting up for 2012 is a little bit more stability. you certainly have in the u.s. inflation easing. stock markets doing well. in europe it seems like