. >> and these companies -- do any of the companies that are in a saks, in an off fifth complain to saks that they find their merchandise at a tanger store? >> the products in saks off fifth are sold by the manufacturer, so they're not going to be there and it's a win-win for both of them because they make excess product, or they have excess product which they sell in the saks off fifth division and it's more distribution and more ways to touch their customer and introduce them to the saks brand. >> when you are re-upping people, obviously you're talking to them about how business is. we're getting a mixed picture. everybody i talked to is doing pretty well and everybody else seems to be talking gloom. maybe i'm talking to the wrong people although i do more work than others. you can solve this debate for me. how are your customers feeling? >> our customers are very optimistic going into christmas. our stores are the best assortment of product at the best price we've seen in many, many years. our sales in the first -- for the last 12 months have been up about 1%. we think that will impro

let's get started off with why saks.re and sort of the crown jewel of saks? >> well, saks was very important and relevant for us and something we worked on really since 2006 for three primary reasons. first, we had an opportunity to grow saks into canada, hudson bay company is the dominant department store company in canada and through our infrastructure we'll be able to open six or seven stores, very robust online saks in canada. so that's a road map to growth that wasn't available to saks previously. additionally, we have about $100 million a year of synergies between the two companies. these two companies share a lot of the same dna and have a lot of the same principles and structure allowing us to really take advantage of the $100 million synergies. additionally, we now have enough real estate and enough ebitda that would allow us to create a reit which would really give our shareholders an understanding of the tremendous real estate value that we have. so investors would be able to do a sum of the parts, valuation,

it will easy traffic along you're looking at the back of it as we sak. it st first pass through a slew emergenc drills with flying colors. to test out all the n safety featur in the fourth flr of this sulated car fir in this ate of the art tunnel. better lighteing, beter stand pipe systs. better call boxe. better escape hatches. >> reporter: a rl car fire in one othe existing -- a week and aalf ago spent eight people to th hospital. if a similar siation happened in the new tunnel, motoris would haveeen able to escape much quicker. >> you'll have people evacuaingg and going to a safety zone. >> reporter: escape routes and better snage on t of this state of th art detection safest tunnels arond.of the it is almost set to open. if algoes as planned, the tunnecould open as early as monday, but first itas to pass thse emergency drills. those are heduled. ift all goes well, it could open a early as monday. i'm jody hernandez, nbc bayrea news. >>> the troubled ambulance serve in santa clara countys one less probl tonigh. workers have voted to acept a new contra

we did sak with some constructio workers here off camera who say they see hundreds of ts. stepping on them.th them. they haven'teeany of the rat traps. it will continue to work with area busesses and t redents who liveere to me sure they clean up garbage every from happening.revent this busess owners he so because this project is expected to coinue for the next four years. > still to come, one man's of the bay area'shistory. iece >>> how thieves ripped off food bankn the south bay area ead of the holiday season. >>> it is the st glamorous nie night of is silicon valley. >>> we are tracking some rainfall just off to th north. we'll have details on how that is going t help toool our numbers down coming up in just a w minutes. >>> okay. you're goingo look inside. it shows inside the caldicot tunnel. tuel operates will hve cameras and c respd to an >> it is to give calrans the ability to stop traffic if there is a serious incident going on in the tunnel. into harm's way.torists going >> today's safety drills are a part of bttery of tests. >>> their goal isn'to go public or mak

>> good morning commissioners, my name is jackie sak's. the member of the advisory committee. as mr. larkin said this item was brought up against the cac last month and we discussed it. one thing you have to remember is that the gentleman before me talked about all the money coming out of prop k. the one thing you have to remember is that prop b after 1999 i worked on was grandfathered in prop k that i also worked on. in a couple years you have to go against the voters again to extend prop k. now, before you ask for this money now, figure out what has been done in prop k, what has not done in prop b and get the money for those items first. fix the system as it is now before you try to go on in the future. i know you are looking ahead to this sort of thing. if it ain't broke, don't fix it. the mta board, there is no reason they ask for this money because they have a budget and they should deal with what they have got and take it from there. deal with their money first. that's what they are there for. thank you very much. >> thank you, miss sacs. and for the record the previous

very hard to make out that once again there was a plan at that or at saks with that earthquake there was. a little. bit. of a. when the crisis leaves us traces everywhere. empty clothes rooms become the norm. children pay for the mistakes of adults. by working in a tobacco field or in a cafe. they are the ones who come back home blasts. so kids games are just in their memories. good. science technology innovation all the latest developments from around russia we've got the future covered. the olympic torch is on its epic journey to such. one hundred twenty three days. through two thousand nine hundred towns and cities of russia. relayed by fourteen thousand people or sixty five thousand kilometers. in a record setting trip by land air sea and others face. a limp dick torch relay. on r t r two dot com. my first interest here when they came. for my first question. what are you doing the. russian wine has been enjoying a resurgence in recent years thanks in no small part to european technology but it's not only machines that are being imported from the continent. born in the heart of fr

and a sak prevw, high around the bay area.e 60s san joseas one of the spots in the south bay that saw temperatures in the mid to uer early fog in san francisco, as the onshore winds pick up. a cooler fish to t weekend. we look at t big weather story heading into next week. and at any ti, you c check out your seven-day forecas at the bottom ofhe screen. d ontuesday, you have more clouds coming in, as the system drops out of the gulff alaska. some high clouds outf the north bay. d mond, increasing clouds. by tuesday rning, in the north boy, increasing ra. but for are north of san francisco, as the rainfall projections for the northay ven't changed a whole lot. we're expting maybe a quarter-inch of rain on tuesday. areas south of san frcisco, not seeing much at all. and unfortunaty, san jose, maybe just enough t wet the ground. it's been an extremely dry year when you look bay area-wide. this goes to the beginning of thyear. santa ro, 7 inches of rain. three ches of rain for livermore. san francisco, mountn view and san jose all

my name is jackie saks. i'm a member of the citizen advisory committee and regarding the puss rapid transit item that director chang brought up and the other path on sylmore. this is a background. i was on the gary transit task visibility of a light rail system on gary build many years ago and we did take a trip along gary and it can -- regarding the filling in the tunnel at the underpass at sylmore, that area can be used for transit stop and we looked in the fees ability of that and it can be done. i urge all of you and i've said this many times before, read the final report of the task report published back in 1990 because gary light rail system is put on the sale's tax package in 1999 on the day that i worked on. also the bus rapid transit is supposed to be light railed ready and if you do anything to that underpass you're going to -- you ruin the gary light rail transit as well as the light rail project. thank you. >> thank you very much. next speaker, please. >> good morning. good morning, chairman aval

control with what we pay for the close of almost goes into the opposite direction just like up at saks fifth avenue of the st. [laughter] but looking at these clothes in the children's department it is like barney's paid $2,000 for a five year-old. day you ever feel people expect you to tip them? what about on the plane now tip being self flight attendant is customary? have you heard this? it is all about your money. melissa: money has been flying around the world first and stayed with the end is female european billionaire has the verge. 45 year-old is spain's richest woman after inheriting money from her mother the largest clothing retailer at 7.$3 billion. her dad is the third richest person on earth $69 billion. in mexico one of the most sophisticated drug tunnels along the border tea on a tuesday diego he quipped with ventilation, lightning in the electric rail system? it would zigzag though length of six stubblield with warehouse as a law of the way. a half tons of marijuana and 327 pounds of cocaine were seized in connection with the discovery. in norway only the most boring tel

they may try to make them separate but like old story of gold map saks. selling bonds to investors out of one door and a different department according to blankfein shorting those bond, you know, on another side. that is obviously not in the investor's interests for that to be going on but yet they did it. similarly here, if they had been transparent, laid out what they did, then people could evaluate and take information for what it was and probably would not have affected read of these articles. you have to have passwords to get the paid-for content so the general public down know about it. health and human services should been abe to do some of these things for themselves. consider who they are. the very fact they had to pay these sums of money indicates they don't have adequate capacity over at health and human services to be running this program. melissa: you know, that is interesting you say they should have disclosed this. would disclosure been enough? in the goldman sachs comparison you made which is really valid it was reasonable enough to a lot

bloomingdale's, gimbels, saks fifth avenue or macy's. >> macy's. >> no, it's wonderful.rrect answer is gimbels. >> started the first thanksgiving day parade in 1920. the macy's thanksgiving parade was four years later than that. it's still going strong in philadelphia. >> gimbels? >> yeah. not the store it closed in 1986. >> the parade. >> that's right. >> good to know. back across to kathie lee. >> which al pacino film for which he won an oscar takes place during thanksgiving, "the godfather" "scarface" "heat" or "scent of a woman?" >> give her the money. >> "scent of a woman". >> kathie lee is going to go broke over there. it is set during thanksgiving. there is a very fantastic thanksgiving day scene where he just gets everybody upset at the thanksgiving table. it's the only oscar al pacino has ever won, his first and only one for best actor. >> that's true. wow. back across to kathie lee. >> gentleman from iowa, of the following utensils which was not present at the first thanksgiving feast? a fork, spoon, knife or all of the above? >> a fork. >> wow. give him the mo

control with what we pay for the close of almost goes into the opposite direction just like up at saksvenue of the st. [laughter] but looking at these clothes in the children's department it is like barney's paid $2,000 for a five year-old. day you ever feel people expect you to tip them? what about on the plane now tip being self flight attendant is customary? have you heard this? it is all about your money. stick around. at od, whatever business you're in, that's the business we're in. with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises. so ally bank has a that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. melissa: money has been flying around the worl

even if she thinks that i don't think she saks for most people most are humane, they give to charity,work for everybody. the minimum wage, if you did not think that matter why would you argue that because on one. you don't beat you say that the minimum wage causes unemployment among the most laura will people in society and that is part of the reason to oppose it which means that you care of the consequences for the poor. john: the website, bleeding heart libertarian, categories like advocating nurses caring versus helping. >> this explains what is going on with people when they think that libertarians are selfish. if you are on the lefty probably believe that your policies are the only sensible expression of benevolence. you probably think they must disagree with your values and only care of their pocketbooks. that is never really make sense because we have rl arguments but also advocacy is cheap. i advocate that we have a 90% marginal tax rate, income over 100,000, if i advocate that it does not cost me anything. if i give money to charity -- john: governments should have a bigger a

as brosnan ] >> but pierce osnan has this slight sorof irish that you can detect when he saks. [ cheers morning to u. >> jmy: he does have a little bit irish. yeah, a little bit. just a little bit. >> jimmy: yoare a talented guy. i want everybody to go check out this movie, "philomena." here is a clip of steve ogan. >> so, plomena, how are you? >> i'm all right. i had a hip replacement last year, martin. >> nice. >> it is much betterhan the bone one i had before. and it's titanium d full thrust. >> oh. that's good job. otherwise, i'd have to oil you like thein man. >> is that right? >> no, i mean like "e wizard of oz." >> he's just joking, mam. [ laughs ] [ applause ] jimmy: steve coogan. "phimena" is in theaters november 22nd. sheryl crow performs next. come on back, everybody. ♪ this is the quicksilr cash back cardrom capital one. it's not e "limit the cash i earn every month" card. it's not the "inly earn decent rewards at the gas staon" card. it's the no-games, no-signing up, everyday-rewding, kung-fu-fighting, silverightning-in-a-bottle, bringing-home-the-bacon cash back card. this

paul saks at the nymex, you trade gold. gold having a much better day today for what has been a lousy month. there are a lot of gold bearerrers out there, aren't there? >> yeah. we're up today 1% on dollar weakness, but we are certainly in a wear market. -- bear market. theme of this year twofold: the breakdown of gold as a safe haven model, i mean, we had cyprus, syria, the shutdown, all three of those situations give you very little, and, of course, people are going to be squaring their books. i would look for gold to trade lower next week. ashley: interesting. jonathhn, you mentioned the busy week next week, is there anything out there that could, you know, create concern in the markets, do you think? if we get a bad jobs number, i guess, but it pushes back the taper effect. >> on a short-term basis it is good for the markets, but what we have seen is all the economic data leading up to the unemployment number, it's all a piece of this big recipe that's there. and investors really aren't buying into the fact when this un

i do believe i'm confused about the oil markets and about the gold markets, but let's get to paul saks. specifically, gold and i bring this up because now you have the indian government trying to quell some of the gold-buying fervor that we've seen lately and to see it up $16, tell me what's at work here. is this some type of, i don't know, stronger, weaker dollar situation? clarify it, because the indians are trying to calm down what has been a very hot jewelry market. >> yeah. and i'll tell them good luck. i mean, they're trying to address -- [laughter] they're trying to address a current account deficit problem. all that's doing is driving up the premiums in india to over 10%. i mean, in terms of the bounce, this started in the gold market yesterday afternoon when yellen released a statement, and it really is a big surprise to me in terms of how the gold market reacted. she didn't say anything that was unexpected. we're going to tow the line, continue with the regime, be very data driven, so it's not immediately clear to me why the gold market rallied except for open interest has be

daughter has never run away before and as you can certainly imine relate to that he is too emotional to sak to us on camera. if you know anythingbout where emma pickett may beall t santa county sheriff's department. live in super tee no, marla tellez "today in theay." 6:04 now.you. this morning at least oneut o the three tesla workers still in the hospital aftern iustrial headquarters. fremont a look at valley medical center in san jose. all ree were taken for treatmt and burn workers in san jose last night. musk says the ree, they were burned after being spred with molten aluminum. good news all are expected to make a full recovery. cord shows thereave been other acdents at the tesla facility. cal osha now investigating. now sk, he also says the investigation aswell. we d have a team iplace covering the sto and will about 10 mites.coverage live in >> 6:05. to the recover efforts in p philippines. aid is slowly trickling into the couny. hours ago jan announced it woul send 1,000 troops to the area, the largest relief dispatch in that country's history. a strike force from the "s georgeashin

they sell at barney's, bloomingdale's, neiman marcus and saks and their own boutiques. they expect their potential for boutiques to grow to 100 in the u.s. and looking at international expansion. logging a 32% increase in the first half of 2013 following a 23% uptick in 2012. and 7.6% growth in comps in 2011. despite increasing comp tilgs and heavily promotional environment, vince expects its q3 margin to expand by more than 1 percentage point. sun capital owns ma joes-h joers of the shares. maria, we'll miss you. >> we're joined with the ceo of vince here at the post. good to see you. >> good to see you, too. >> jill granoff joining us. look at this situation, 40%. have you be feeling great about things right now with this ipo performance. >> we are just thrilled to be here today. it is a huge milestone in the company's history. i think it really recognizes the success we've achieved to date. more importantly, the huge potential that lies ahead. >> you know, you left some money on the table. you could have priced this thing higher, obviously. a 40% gain. that's enormou

we have michael yoshikami at the new york stock exchange, also a cnbc contributor, steve saks, michael hennessey is out in the stratosphere somewhere. >> he's with me. >> i thought he was. good see you all. >> michael, here we go again. very strong jobs report on friday. the blue chips at least liked it but the secondary stocks, the small caps, have been suffering lately. what's going on in this market, do you think? >> i like the sendingary stocks. of the beta stocks have rallying. look at tesla, i realize there's fires going on there but secondary stocks have had huge rallies. i think what you're going to start to see as fundamentals, granted, on the slow basis, start to improve you'll see core stocks continue to pick up momentum. >> maria? >> neil hennessey, what about momentum? they have been driving the day all this year and then when they started to roll over the last couple of weeks. would you put new money in the market now and where are the groups that lead, if in fact we were to see the rally continue? >> if you're not in the market at all, you should be committing some money

all the other saks here-- action here that needs to be taken is on the iranian side. it is a very important test for the iranians to prove their bona fiddes here. >> rose: tom donilon, thank you very much. >> great, good to see you, and look forward to seeing you again. >> rose: okay, thanks, tom. >> joining me now from the russell rotunda in washington is congressman mike rogers. he's the chairman of the select committee on intelligence, welcome. >> thanks for having me, i appreciate it. >> rose: tell me how you see this? >> well, i'm more concerned for a whole series of reasons. first of all, if you think about our strategic alliance in the middle east, the arab league who was kind of coming together in ways that we haven't seen in the near-- just in recently certainly the near past, on issues like syria and other huge challenges, al qaeda pooling in the eastern syria and western iraq all of those issues showed just tremendous promise and the thought that we had a counter weight to the rise of iranian influence. and when i say iranian influence, they're using violen

>> decisive saks what's needed here.nths, and saying this didn't work, but you know what, we're not interested in the first six months. we're interested in the first 60 years. so we're going to take this by -- not to use an overused military analogy, but i'm going to use an overused military analogy because it's one of the greatest analogies. yeah, i talked about you don't run up the middle on 4th and 31, but george washington showed us one of the most important battles in the revolutionary war was the retreat from long island over the manhattan. it saved the continental army. it saved this country in the summer of 1776, and we are here with these flags behind us because george washington knew when he had to take decisive action and get away from the british. sometimes a retreat is a decisive action that can help you win the larger battle. it seems to me the white house needs to do that quickly because it's dribbling along. it's terrible for this process. >> one question is, which is always a question for presidents, is

what's happening here in dallas, kyra saks mic -- is a microcosm what's happening across the nation.0% of the flights that come out of this airport are cancelled. it's more of the same this morning. another 86 flights cancelled this morning. american airlines is the big airline that operates out of dallas-ft. worth airport and they are just preparing for the worst right now. there's some passengers that we spoke, to some of them are a little bit more angry than others about the delays. take a listen. >> i don't know why american cancelled all those flights yesterday. they cancelled them at 9:00 in the morning and there wasn't a flake of snow or sleet anywhere to be seen. we're pretty upset with american. >> we're delayed again and we have work to be at and we're out $400 that we didn't expect and american is not helping. it's very disappointing. >> my flight is a little delayed but not too bad. >> reporter: back here live pictures at the dallas-ft. worth airport. we want to mention, those this travel here, yes it's bad in dallas but places like central pennsylvania are being impacted

and coming back to something jeff saks said earlier, which is very, very important, you have to have the diagnosis. you need some information. and i must say, you know, there are cases where the patient arrives in the emergency room and hasn't seen a doctor, you know, for some chronic condition which has now become severe, it's a lot harder to treat the patient, and there's certainly been cases like that. so extraordinary creativity is one lesson. i would say, certainly, another one is the if it's a liquidity crisis overwhelming force, you don't stop to wonder what's going to work. you do everything, and i think we saw that particularly in the 2008 crisis. you throw the kitchen sink. if that doesn't work, the cabinets, the chair -- [laughter] the, tear up the tiles, try to save your family. but you, you know, you do everything that's possible. now, as olivier framed the question, it was something what do you do after the crisis, and i think that hits on one of the problems. chen is after the crisis? -- when is after the crisis? you don't know when there are going to be aftershocks. i

so if i go to a less expensive web site -- target.com as opposed to saks fifth avenue.com, and then i go to a credit card site, i may be offered a less good credit card because the notion is i, you know, i'm not worthy of it. and web lining might even be things like if a bank or an airline knows my gender, that i'm a woman, and they think, well, women are more likely to be patient and hold online when they call in for something, i might actually be web lined and put on hold for a longer period of time. now, think about that. i'm a lawyer. if i were waiting in a bank and out of order all the men were taken ahead of me, i would get very upset. i would probably make a big fuss. but i don't even know that's occurring when it's based on something i've done on the web. >> host: who is doing that web lining, lori andrews? >> guest: well, first, we have to think about data aggregators which most people don't think of. there are companies like axiom which says it has 1600 bits of information about 96% of americans. google collects information by scanning your gmails, by looking at what you loo