comparing macy's performance versus saks, it's apples and oranges, right?> i definitely agree with you there. i just think that -- absolutely. i do think nordstrom's will be under more pressure. i do think across the board you do have heavier inventories than expected. obviously placed when the consumer mind-set was a bit better. i do say as we think about holiday and back to school, i am more concerned than i was a few months ago. >> i've got to run, deb. fair to say ron johnson's continued pain at jcpenney is terry lungren's gain at macy's? >> i think that's been one area of disappointment, you haven't seen stronger top line at macy's as a result of this or at kohl's either. so i think the beneficiary today has been more t-j maxx and ross stores. i think it has helped macy's. i think it probably would help them more if they are more than aggressive on the advertising front, an additional opportunity for them. today i thought they might have benefited even more from that. >> i think i would have as well. great to talk to you as always. >> jcpenney, stay sh

saks above the 50-day and 200-day moving average.ike nordstrom better than saks in my mind. >> nike here. it's got to be the shoes. in this case, got to be china. baird equity saying nike is hitting a self-proclaimed speed bump in china. the shares of nike, look at that, down seven bucks at 89.57. flat over the 1 year and down 7.5% today. what do you think on nike? >> i disagree. it's in the hurt locker here but it's a household name and really tied to sentiment in china. i don't think it's as hard of a landing and therefore a great valuation. pete, the guys on "fast" like it down here, as well. you have to step out and buy it. doesn't feel that great. >> all right. so let's talk about nike. if nike's in trouble in china, are there others who might be? >> if you're averse to dabble in this, under armour or crocs. >> all right. thanks very much, jeff. see you later. >>> metals market about to close shop for the week and we'll show you where we stand hitting the floor coming back. >>> but before the break, a look at the indexes on a bu

they went in to saks and met with management believing high end remains healthy. they told me to thank you. send you a thank you personally. top lines solid. they see 25% annual earnings per share growth through 2015. that stock up about 6% for the year. >> they can because i spend enough money there. smith & wesson flexing the second amendment rights. >> it is a maker of guns. >> i know that. in texas do they have smith mp wesson shops. >> they might. >> i don't know. >> i tell you what. guns keep -- welcome to america. guns keep selling. smith & wesson soaring. handgun sales up 38%. sporting rifle sales up 72% and an analyst note actually out basically saying people may feel that if obama gets re-elected to tighten gun control laws. so people might be rushing out to purchase guns now ahead of that. >> that is interesting. stock's up year to date 8 7%. tanking is talbots. this is the outrage of the day. >> should be. >> yes, it is. >> talbot's story, unchanged. who cares about the stock? we're doing it because talbot's agreed to a buyout a while back. the ceo tru

. >> mike saks sticks around. >> i remember explicitly the president insisting over the past two yearsthat the individual mandate was not a tax. in fact i think we have a clip from that from a 2009 interview with george stephanopoulus. >> some of your critics say it's a tax increase. >> my critics say everything's a tax increase. there's critics who say i'm taking over every part of the economy. >> so you reject that? >> i absolutely reject that notion. >> this court essentially upheld the individual mandate as a tax. did they effectively correct the president today? >> they didn't as much2correct the president as they did say exactly what he really meant. every lower court that opined on this said that the president said it's not a tax, congress said it's not a tax, so it's not a tax. this was a complete john roberts maneuver here, he did not want to uphold it under the commerce clause, and that's where he joined the four conservatives and he wanted to push back at the administration. he did -- >> i think you're absolutely right. i think what happened was that roberts said, you know

. ♪ girls gone wild >> reporter: we headed down to s saks fifth avenue to find out what is hot. >> wristbandseally hot right now. leather, beads, you know, stuff like this. >> reporter: not just that, but spanx. >> it's actually -- most guys are not wearing this for vanity. it will compress you around the middle. >> just makes you thinner. >> a little bit thinner. >> how about you? >> the nose has been getting -- >> reporter: if it is born out of vanity, it is a new kind of vanity. who is more vain at this point? >> i think men are seen as being more vain because now, when they suddenly are having to care about it, they are seen as having much more vanity. >> reporter: and there are new status symbols where you might never expect, like this $100 underwear. 100 bucks sound like a lot? >> keeps your bits and apartments in place all day. you wouldn't be surprised if a pair of underwear and a bra cost $200 in a store. time for the men to get that opportunity. >> reporter: you think men have been deprived of the right choices in underwear? >> i know i have, yeah? >> reporter: there you go. look ar

still they claim the grand jury never even looked at saks of evidence showing there's nothing wrong with board's practices and as far as the sky high registration fears fees it's unfair to compare shute los angeles san francisco o client if completely difference types of rent control. there are answers that don't satisfy said lacher ready. the ways are ready to believe that this support is unbiased and distemper form or renounce? >>> mystery surrounds the death of its former southern california city officials to raise his body was found under angel island yesterday house they're accused of abusing his power dave bryant on the bodice lifestyle that taxpayers paid for. there is no doubt he took advantage of the system. businessman steve freed the president of the burning properties as the mission is a major event in vernon. did a great offensive widely known to be the power by all you'd sit there of this for most of the past decade. he more than a million dollars a year for many of those years. see the lid times reported that in 2006 eric build the city of vernon from working an average of

saks, up 5.3%, and there is walmart down 1.3%.arcus and saks up in 2010, just beginning limp out of recession. but those who can spend at niemann marcus and saks are spending more. >> it underscores what we're saying about romney. what american business is dealing with, is inequality. the results is that american businesses very good at catering to the handful of people who have spending power. that doesn't add up to job growth. >> the whole notion of the jobless recovery with unpatriotic idea ever created. getting back to the notion we aren't recovering unless we are recovered unless the people of this country are recovering. and corporate spending machines are saying we can have a recovery, just won't have new jobs, that isn't a recovery. >> coming up, a historic coalition forming on the streets of new york later today. and ben jealous will talk to me about it, why the coming together of racial civil rights activists a big deal. i want to leave you with this father's day message from trayvon martin's dad. >> this father's day, w

. >> that was anderson's brother- in-law greg saks. he says anderson had been battling depression for years. the family was not prepared for his death but he said they're not surprised either. >>> here's a look at some other things making news now. parts of the west dealing with powerful storms. yesterday a tornado touched down briefly in wyoming. you can see it right there on your screen just north of cheyenne. wednesday five tornadoes touched down in colorado. parts of wife wipe and colorado -- parts of wyoming and colorado were also pummeled by hail, heavy rain and thunderstorms. >>> the university of pennsylvania now requires all employees to report suspected child abuse directly to state officials. the new policy also requires annual training for any staff member who is in a position to report abuse. the announcement comes just days before opening statements in the sexual abuse trial of former penn state assistant football coach jerry sandusky. he's accused of molesting ten boys over a 15-year period. he denies the allegations. >>

companies like countrywide to new century to the firms that issued cdos with misleading statements such as saks, wachovia, and they loaded their funds up with riskier assets than they disclosed to their investors. we've been active across the board. i understand those views by the public. we have a specialized unit set up to handle these indications. we're vigorous across the platform. some of the concerns sometimes is reflected in comments that why aren't more of the folks in jail? the sec does not have criminal authority. but we work closely with the justice department. i think our record is very strong. >> do you think you've hooked the biggest fish? or are the firms the biggest firm that is people have the most awareness of? are the people at the top just so good at interlating themselves from decisions in cases they do bring to we don't see the big executives getting charged? >> guest: you see in some of the country wide and new century, we've charged ceos, cfos, senior corporate officers. in the invest maniment banks it's different because the cases that we charge was the issuance of a pa

cadbury she made any offers our suggestion saks -- has she made any offers to our suggestions? >> shares but made any response that he be allowed to come home with his family. there has been no response fo from the cuban government that they are willing to do that. most recently we have focused on his mother was gravely ill and is 90 years old. he should be released on humanitarian grounds to be able to see her. we have pressed that very hard. let not gotten a satisfactory answer at all. >> did you not permit one of the individuals who had it released after his custody to go back to cuba and promote humanitarian ability? >> they objected to his return to cuba on that visit. the court allowed him to go back to cuba. we thought that was a perfect opportunity for the cuban government to take a humanitarian gesture. >> thank you very much for your testimony. there may be questions that come to you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> the next, scott walker and tom barrett. then the discussion of labor u

live online immediately or market my store to other retailers such as bloomingdale's macy's, h&m, saks fifth avenue or do both? >> i have an opinion but i'm interesting to hear what you say. >> you have to do it all. try all the channels. scott jordan is the ceo out of idaho. he has an innovative travel ware. years ago he went to retailers and said, would you like to sell me product? he got a resounding no. he got great buzzes online and they started calling him. you have to try everything for it to work. >> i second that. retailers want to see traction, so why not start your own traction and develop press. you don't want press that doesn't lead anywhere, so you want to be selling product when you're developing press and come to the retailers to say, look at all that momentum, be a part of the action. >> i was going to say the same thing. it is pretty easy and cheep. the other products are doing it. let's move to the next one. this is about the head of the sba and about president obama's cabinet. >> i want to know if you believe this will help spur the growth of small businesses in the

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in order stroms and saks have given conservative guidance. half the had bags coach sells in america are below $300 and michael kors is for products that cost between 300 and $900. it's not so expensive as to scare away aspirational consumers. earlier this month, two friends of mine, my colleagues, they posted this terrific video in the battle of the bags. i wanted to do my own take. michael kors just blew away the numbers. i found something that i thought was weird. see, first, i got to tell you, very honest. if you put a gun to my head and ask me which is the better buy right here right now, first i would probably weep and tell you put away the gun! then i might put my kung fu skills to the test. after that if i still had a gun to my head, i would say right now it's coach. but a week or two from now, kors will most likely be the better opportunity. why? the difference is all about the stock price. right now michael kors has an incredible growth story. better than coach and has a lot more risk. the insiders still owned about 52% of the compan

. -- >>> the jerry sandusky child saks because trial approaches the end. -- child sex abuse trial approaches >>> at home, we continue to follow breaking news from berkeley one woman killed in an overnight house fire. we go back for an update. >>> temperatures around the bay area they are going to be significantly cooler up to 23°, 50s at the coast, 60s around the bay and 70s inland. check out how hot it going to be across the rest of the lower 48 seattle and portland 76 and 81 could be warmer than us, the big story near 100 d.c., new york and boston. we did flight delays earlier, but everybody major airport across the lower 48 and regional airports here are on time. >>> back-up at the toll and metering lights are on as you head into san francisco. couple of problems on the peninsula that we will update you on in a couple of minutes. >>> good morning it is a thursday morning 6:29. live look out there to start your day cloudy, grey, dreary, drizzley shot. >> you know how to sell it. >> i know. makes you want to crawl back into bed. >> i feel sad all of a sudden. >> so sorry. let's try to rever

i drive on 48th every morning and i look in the michael kors and saks fifth avenue.omething catches your eye. >> or you compliment somebody's shoes. we think about sex ten times a day. i don't, do you? >> no. when you've had it as much as i have, you know. >> it's never going to work. >> that was weird. at a ball game yesterday, there was a rain delay at the ball game. you sit there and you watch these rain delays. there was a man who decided to have fun with the rain delay. so we went running out on to the field. he was sliding all over it. i was like, who is that crazy old man? i just saw the video. you know who it is? >> that crazy old man is bill murray. >> i guess he's part owner of that time and decided he would have fun with it. >> i bet the crowd went crazy. there he goes, sliding into home. >> crazy. >> have you ever met bill murray? >> i think we -- didn't we have him on? >> i don't know if we've had him on since i joined you, hoda, but many times years ago. he is a character. oh, my gosh, he's a character. that's bill murray. great actor. >> we have some s

saks, citigroup says be careful here, macy's and nordstroms. cash rich, confidence poor. they call it the empty pocket thesis. these stocks are down a lot. i want to be careful here. dollar general is -- >> benefiting from lower gas prices. the higher end pulling back? >> that's -- look. >> you're -- >> it's been true. coach and tiffany's is weak. nord strorm's is coming. >> one of the many you visit in a day. visits more retail establishments in a day than i do in a month. >> definitely. >> right after this. [ male announcer ] what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. >>> wednesday trading session has begun.

. >> that was anderson's brother- in-law greg saks. he said anderson had been battling depression for years and people were chasing him. sax said the family was not prepared for it but not surprised either by wednesday's discovery. >>> the falls church man convicted of a sex off fence after police tracked him with gps is now asking the virginia supreme court to throw out that conviction a. jury found david faults guilty of abduction in 2008. he was sentenced to life in prison but now his attorney says the case was inadmissible because police used gps to track him without getting a warrant and the u.s. supreme court has already ruled that unconstitutional. prosecutors argue the crime committed was separate from the reason for the gps. >>> time right now 6:06. i am watching your money. traveling to exotic destinations, finds like the perfect way to destress and unwind this summer but getting scammed while away is probably not on your agenda. travel scams are picking up so it's important to stay away of your surroundings while away. the b

citi also downgrading saks and macy's. down 7% on the year. >> i don't disagree with this. with the store coming in manhattan, it's more of a market sentiment play with here analysts, lagging a little bit here. should have came out a month ago, ty. >> yeah. a little detail about that story. they have signed apparently going to sign a deal to come in to manhattan for the first time ever. thaifb looking for years and there you see nordstrom. my favorite store. i love -- love those little sandals there. i have a million of them. and the makeup counter. >> you like that? >> love their ties. >>> coming up, some of the weirdest etfs. in the world. you try to read that. the weirdest etgs in the world and the metals market about to close. going to the nymex coming up. these internationally recognized benchmarks... ...are unlocking a better way to prepare our children for college and their careers. because when our kids do better... ...america does better. let's reach higher. let's invest in our teachers and inspire our students. l

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let's start by bringing in justice correspondent pete williams and mike saks.e, split decision, three decisions knocked down because of a state rights issue. the federal government retains their power, but why does the court say it is okay for them to check the papers of any person they think is undocumented? >> reporter: what they said is the states can't interfere with the federal immigration scheme. as for the part they held up, the court said that was the part th

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let's start by bringing in justice correspondent pete williams and mike saks. pete, split decision, three decisions knocked down because of a state rights issue. the federal government retains their power, but why does the court say it is okay for them to check the papers of any person they think is undocumented? >> reporter: what they said is the states can't interfere with the federal immigration scheme. as for the part they held up, the court said that was the part that was most in harmony with federal immigration law because the federal law already provides for local law enforcement people to check status of folks they detain. there is a huge center in vermont that does nothing but take phone calls like that all day. there is another provision of federal law that says nothing can interfere with the ability of police to do that. however, it has to be noted that in upholding that part of the arizona law, the court put in essence a warning in upholding it. what it said today is, look, this hasn't been enforced yet. so we can't agree with the obama administrati

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most people said saks. >> on the ball disney family is inviting visitors to the galleries for the monthlymonthly after hours how party. >> and is called the and timid -- anime your night series. they're doing this every month at the after hours at a bend. they will have a theme. there are things for adults to. it is very cool. it is quite expensive actually. there is some amazing stuff in there. i highly recommend it. the amount >> >>mark: take a look from the mt. tam cam. they're out a lot of clouds out there. we'll be right back >> r m >>darya: ross mirkirimi will be back this morning trying to keep his job. >> police are searching for a man wanted in shooting a 10 year old boy that was set by a stray bullet. >> president obama will be in colorado today assessing the damage caused by the wildfires. he has already occurred -- made it a disaster area. >>mark: the dow jones is up today. let's go to weather and traffic with erica. >>erica: with the past couple of days we have enjoyed sunshine and clear conditions can there is a little change right now. there will be partly cloudy conditions

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mainly competitors like jpmorgan saks and morgan others, those things may not be allowed to stay part. obviously, that remains to be seen. the bank holding act raises questions on how morgan stanley currently does business that have not been currently ironed out. that said, this would be a big change for morgan stanley. they have been active in this business and the leading franchise over the years. i'm told this business raised a billion to $3 billion depending on the year in revenue. i think it was more of a profit in the earlier era, now it is a tick lower, but essentially this is a core thing they do. for them to bing be i think in a minority investment may not be a game changer, but it is interesting to see them contemplate this. given what's going on with congress and the regulators. >> they may not realize that it is an important business for them. as you say, they own terminals, but i'm curious, kate, what would selling the minority position for them in terms of dealing with the volcker rule problems? >> right. it's a bit of a head catcher on that score. essentially, it would