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May 22, 2014
05/14
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FBC
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this huge sears tower there were sears towers on most every stores heard this was built in the 1920s on the southside of chicago and that iconic pop-- power characterize a lot of this year's buildings around the country. this is in the day when sears was essentially the amazon of its day. it sent that catalog out and that had essentially the access to internet commerce of its day and then there were stand-alone stores and this is one of the three oldest stand-alone stores that remain for sears and this was shuttered about a year ago. look at the good and the bad and the ugly of sears earnings today. good, i would say same-store sales up two tenths of a percent and that's a positive and then shop your weight to the loyalty program has gotten traction. but, the bad side revenue, down 7% essentially and margins declining on discounting of apparel down to 23.2% for the quarter and then the ugly is the loss you mentioned. over $400 million, 379 a share and when a building closes in a sears store closes and it's in a neighborhood like this it's called avalon park and by the way it's about
this huge sears tower there were sears towers on most every stores heard this was built in the 1920s on the southside of chicago and that iconic pop-- power characterize a lot of this year's buildings around the country. this is in the day when sears was essentially the amazon of its day. it sent that catalog out and that had essentially the access to internet commerce of its day and then there were stand-alone stores and this is one of the three oldest stand-alone stores that remain for sears...
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May 3, 2014
05/14
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MSNBCW
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with joe sears, it's a big waiting -- it's a waiting game. make it there or not. >> but sears' old reputation precedes him and not everybody is happy about the move. >> i personally have never had any problems with him. but i am concerned having him in my pod, in my unit. i've heard and i've seen other things that he's done to other officers, just verbally abusing them and just throwing items from his food port. >> they have some machine weights there. you get to go out with a few guys you live with in your unit. like a group. you get an hour tier time, i hear, to play games, cards or just conversate with someone there. >> so they can actually recreate and congregate with other inmates. if you visit at level 5, level 5 is much more of a quiet unit and they become much calmer. they become much more cooperative. they become much more willing to comply with the level system. >> lean forward. you're leaning back too far. there you go. all right. like part of the family. >> why is that? >> well, we've known each other 20 years. who do you know 20
with joe sears, it's a big waiting -- it's a waiting game. make it there or not. >> but sears' old reputation precedes him and not everybody is happy about the move. >> i personally have never had any problems with him. but i am concerned having him in my pod, in my unit. i've heard and i've seen other things that he's done to other officers, just verbally abusing them and just throwing items from his food port. >> they have some machine weights there. you get to go out with a...
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May 12, 2014
05/14
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CNBC
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. >> we got the former seaoa sear executive. we'll quiz him on what he sees. >> over to you guys. >> "fast money" starts right now. live from the nasdaq market live from times square. our traders are steve, brian, karen and guy. and we have got a ceo who says enough with all this talk about wind and solar energy. it's putting the u.s. power business at risk. first, to our top store. the s&p and dow closing at all time highs. the nasdaq making a comeback. up near 2%. internet stocks and biotechs seeing a nice rebound. like microsoft, ibm also powering higher today. is the trend rotating out of high flying stocks and into old tech names over? >> no i don't think so it's over. at least we have some sort of bottom in some of the high flying names. twitter, it's not a remarkable bounce but it is a bounce. i think you have seen stabilization in a lot of these things. linked in. i think netflix might have actually turned as well. i think the stocks have stabilized and headed up. i think we have a few more days of this at least. >> you
. >> we got the former seaoa sear executive. we'll quiz him on what he sees. >> over to you guys. >> "fast money" starts right now. live from the nasdaq market live from times square. our traders are steve, brian, karen and guy. and we have got a ceo who says enough with all this talk about wind and solar energy. it's putting the u.s. power business at risk. first, to our top store. the s&p and dow closing at all time highs. the nasdaq making a comeback. up near...
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May 25, 2014
05/14
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joe sears, it's a big waiting game.> i personally have never had any problems with him. but i am concerned having him in my pod, in my unit. i'm concerned about being assaulted. >> i got butterflies in me but it's just -- i feel good about going over there. i'm glad to finally get this chance, this opportunity. >> our cameras were there as sears made the move to level five. >> the move went off okay. and when we got to his cell, he kind of took it in. even though it looked like, you know pretty much the same as his old cell. it seemed like he was in a new world. >> looks about the same, doesn't it? >> later, our crew caught up with sears on the prison yard. >> that's my main concentration and priority, to try and make something good of this. it's not going to do me no good to sit here and ignore this, throw all this to crazy or not get anything out of it. i'm not that 16-year-old kid anymore. i'm 41 years old now. >> as he walked across the yard, first time in years with other inmates, we had no idea what to expect. >>
joe sears, it's a big waiting game.> i personally have never had any problems with him. but i am concerned having him in my pod, in my unit. i'm concerned about being assaulted. >> i got butterflies in me but it's just -- i feel good about going over there. i'm glad to finally get this chance, this opportunity. >> our cameras were there as sears made the move to level five. >> the move went off okay. and when we got to his cell, he kind of took it in. even though it looked...
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May 14, 2014
05/14
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of sears. >> that's right. >> fair holm sears. >> bruce burk wits. one of the largest positions. that's another thing. difficult to short. between lampert, tisch and fair holm not a lot of stock out there. >> no. it's tough. i still don't want to own it. i wouldn't recommend it. so many retailers not doing -- stock isn't doing well and the companies are doing well. >> to the broader market, yesterday during this show when the s&p surpassed 1900 for the first time ever. index at 1897. new closing high. the dow posted a record closing high for a third consecutive session. nasdaq did finish to the downside. dow is going tore six straight today. we haven't done that since december. and as we're at the top of the range people are worried about low volume, highly leveraged names. do you need those to come back? >> yeah. i mean, i don't know. there's still upside to the s&p, nasdaq down yesterday. rupert sold the last two days where the weakness remains. there's got to be more news. trading up on nothing. not a lot of volume and not a lot of news and the ma
of sears. >> that's right. >> fair holm sears. >> bruce burk wits. one of the largest positions. that's another thing. difficult to short. between lampert, tisch and fair holm not a lot of stock out there. >> no. it's tough. i still don't want to own it. i wouldn't recommend it. so many retailers not doing -- stock isn't doing well and the companies are doing well. >> to the broader market, yesterday during this show when the s&p surpassed 1900 for the first...
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May 27, 2014
05/14
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FBC
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>> well, sears is a plane that no to longer can fly.any gas in the tank, and he's busily selling off the engines. so is it a surprise? in fact, i think it started losing altitude about 12 or 13 years ago when alan lacy became ceo. he also did not have a pilot's license. his board shouldn't have given him the job, and when it turned out he really didn't know what to do with the company, they should have done something about it. instead, they let him turn the company over to eddie lambert. hoor hover what's the best thing to salvage sears and kmart? >> he's selling off whatever assets he can find a buyer for, whether it's companies outright like sears canada or land's end or individual store properties. he's sold a handful of very, very valuable real estate sites and more to come. but at the end of the day, there's a stub that's left that doesn't have any viability, and the strategies that he claims will bring them back to profitability, in my view, just don't have any veracity at all. lori: what would you do at this juncture? >> i think
>> well, sears is a plane that no to longer can fly.any gas in the tank, and he's busily selling off the engines. so is it a surprise? in fact, i think it started losing altitude about 12 or 13 years ago when alan lacy became ceo. he also did not have a pilot's license. his board shouldn't have given him the job, and when it turned out he really didn't know what to do with the company, they should have done something about it. instead, they let him turn the company over to eddie lambert....
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May 15, 2014
05/14
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KQED
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penny and sears, how will pennies do when they come out with their numbers and will sears survive? >> they may not survive, because they wouldn't get a big enough number for sears canada, home was a difficult area for macy's, penny to save itself has to win at home. if they can't win at home it can't win and may have to re-organize in a bankruptcy sometime in 2015. >> very fascinating stuff, stores we all know and use. thank you. >>> appreciate you having gme. >>> all right, well, the mention of sears and the other retailers making news today, sears the troubled chain considering selling off 50% of its ownership stake in sears canada. sales in the great white north have been declining for years and recently closed down in some unprofitable locations. investors were not impressed, shares also fell for k-mart, falling nearly 6% today. >>> and equipment giant, cisco, results were better than expected despite the sluggish demand for hardware, they topped estimates of 48 cents excluding the accounting items, revenue also beat expectations at $11 and a half billion, down from more than $
penny and sears, how will pennies do when they come out with their numbers and will sears survive? >> they may not survive, because they wouldn't get a big enough number for sears canada, home was a difficult area for macy's, penny to save itself has to win at home. if they can't win at home it can't win and may have to re-organize in a bankruptcy sometime in 2015. >> very fascinating stuff, stores we all know and use. thank you. >>> appreciate you having gme. >>>...
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May 14, 2014
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. >> sears is looking to sell its 51% stake in sears canada. what then becomes sears of a company as a retail chain, we should say? will it survive? we'll talk to some retail pros for their list of retail hopefuls aside from sears coming up. >> also ahead, don't be evil. a group of activist shareholders pushing google's board to practice what it preaches in that regard when it comes to paying taxes, but the question is is it evil for google to legally avoid paying as much in taxes as it could? a lively debate just like we had is still ahead here. >> plus, the internal revenue service goofing again, this time paying over $13 billion in improper tax credits according to the interim watchdog. our larry kudlow weighing in on the mess. keep it right here. i make a lot of purchases for my business. and i get a lot in return with ink plus from chase like 60,000 bonus points when i spent $5,000 in the first 3 months after i opened my account. and i earn 5 times the rewards on internet, phone services and at office supply stores. with ink plus i can cho
. >> sears is looking to sell its 51% stake in sears canada. what then becomes sears of a company as a retail chain, we should say? will it survive? we'll talk to some retail pros for their list of retail hopefuls aside from sears coming up. >> also ahead, don't be evil. a group of activist shareholders pushing google's board to practice what it preaches in that regard when it comes to paying taxes, but the question is is it evil for google to legally avoid paying as much in taxes...
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May 26, 2014
05/14
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with. >> reporter: for parents that believe in vanning scenes dr sears -- vaccines, dr sears offers aariation. 3-year-old defence colton and gunner have been dreading this trip to the doctor. >> i don't want a shot. >> we are not worried. >> today they are off the hook. thanks to dr sears. no vaccine for two months. while most children at their age are fully vaccinated, dr sears tells parents that it's okay to slow down the c.d.c. schedule. why do it differently? because parents have a tough time watching kids suffer. >> some babies don't handle the vaccine schedule, there are side effect that occur. not often, but it does occur. side effects such as? >> brain swelling, enselfa lightize, seizure, rehabilitations. reactions. >> reporter: those are rare. >> parent don't want to be a statistic. >> we have to realise the perps at most risk are -- persons at most risk are young kids. if you wait until older in life to get vaccinated, you'll get the child vaccinated but you may miss the boat in terms of the highest risk of time when they get sick. >> reporter: orange county is not the only
with. >> reporter: for parents that believe in vanning scenes dr sears -- vaccines, dr sears offers aariation. 3-year-old defence colton and gunner have been dreading this trip to the doctor. >> i don't want a shot. >> we are not worried. >> today they are off the hook. thanks to dr sears. no vaccine for two months. while most children at their age are fully vaccinated, dr sears tells parents that it's okay to slow down the c.d.c. schedule. why do it differently? because...
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May 14, 2014
05/14
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sears is exploring a 51% stake in sear's canada.een trimming most recently with the spinout of lands end. macy's is expected to report quarterly earnings in just about an hour. you can see how these e those are trading in flee markets. sony is forecasting its second consecutive annual loss for the year that ends next month. as it continues its efforts to turn around it's electronics business, sony said it will accelerate restructureing moves. pfizer ian read is trying to get more from the lawmakers for the takeover of astrozenica. read told law makaries takeover wouldn't disrupt drugs currently taking place. yahoo mobile messaging might be buying blink, it sends messages that self construct and destruct. terms of the deal were not disclosed. marissa myers acquired several small start-ups since she took over the internet giant. >> we are joined by a dynamic guest host and reporter duo, ed, as you told you, he is a senior fellow at stamford's hoover institution and professor. i already said all this, did i not? >> yes, you did. >> did
sears is exploring a 51% stake in sear's canada.een trimming most recently with the spinout of lands end. macy's is expected to report quarterly earnings in just about an hour. you can see how these e those are trading in flee markets. sony is forecasting its second consecutive annual loss for the year that ends next month. as it continues its efforts to turn around it's electronics business, sony said it will accelerate restructureing moves. pfizer ian read is trying to get more from the...
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May 15, 2014
05/14
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BLOOMBERG
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sears down almost six percent, looking to divest its 51% interest in sears holding canada.ight be a possibility. it is exploring strategic options. >> i think it has lost money for the past three years and forecast a loose this year and next year. >> it is kind of a black mark for a deliberate. >> zulu lee? >> online retailer for children and mothers, apparel retailer. >> like lululemon for three-year-olds? >> casual wear. >> are they transparent? or have they learned their lesson from the other guys? are you in the market for a new car? one third of all people who test drive a car by it on the spot. most don't even have over the best price. >> suckers. >> a new study. how does this data compared to 2007 when we were also flush with cash? over 2007, we were selling 60 million cars a year in this country. we're working our way back up. this year, we forecast you will likely sell 16.4 million new cars in this country. to be a little on the bullish side, but we're feeling good. >> why aren't people haggling? only 20% of people consider themselves a true price haggle or? >> on
sears down almost six percent, looking to divest its 51% interest in sears holding canada.ight be a possibility. it is exploring strategic options. >> i think it has lost money for the past three years and forecast a loose this year and next year. >> it is kind of a black mark for a deliberate. >> zulu lee? >> online retailer for children and mothers, apparel retailer. >> like lululemon for three-year-olds? >> casual wear. >> are they transparent? or...
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May 23, 2014
05/14
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KQEH
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my mom ended up working at sears.e survived because we were in an america that believed in how we build a middle class, how we strengthen the middle class. how we give all of our kids of fighting chance, so that is where i start this book. tavis: fast-forward a few years. student loan debt in this cardry exceeds credit debt. as we move on this conversation, there are many surveys that point out there are many who believe they don't have a clue how to fix this problem, in part because so many don't have the kind of back story you have. that is to say the senate is full of millionaires, and there are americans who don't believe or have at the epicenter of their duty to understand what they are struggling with to put their kids through college. can you ensure the american public that senators understand this, that senators get what it means to get this kind of debt to get a public education? >> we have to get out there and fight to make sure they do understand. we are workinge on right now. it is one point $2 trillion in
my mom ended up working at sears.e survived because we were in an america that believed in how we build a middle class, how we strengthen the middle class. how we give all of our kids of fighting chance, so that is where i start this book. tavis: fast-forward a few years. student loan debt in this cardry exceeds credit debt. as we move on this conversation, there are many surveys that point out there are many who believe they don't have a clue how to fix this problem, in part because so many...
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May 16, 2014
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dillard's and sears holdings. >> sears? >> what do you make of this run of -- i don't want to say troubled companies, but companies that certainly have had their issues. i wonder why they're so on fire. >> i'm not a fan of either dillard's or sears. >> sears is burning assets and bu -- selling assets and burning the -- dillard's has done a good job. they don't make bad investments in bad stories. they basically closed a couple bad stories, they fixed their nifb torrie. they're doing a nice job, but i think they're at the end of the run of that nice job. i'm not pushing that stock. i wish i had been yesterday, but i'm not for the rest of the year. sears is not. sears is a company in disarray that's selling assets to survive. >> hey, jan rodgers, i'm sure you will win your bet. i owe you already one meal, so i would be happy to take you out for two on the same night. >> thanks. >>> the new neutral. we're speaking with pimco's tony cresenzi. >> this is actually a 20-year chart. it's the rocket-like -- actually that's not a 20-
dillard's and sears holdings. >> sears? >> what do you make of this run of -- i don't want to say troubled companies, but companies that certainly have had their issues. i wonder why they're so on fire. >> i'm not a fan of either dillard's or sears. >> sears is burning assets and bu -- selling assets and burning the -- dillard's has done a good job. they don't make bad investments in bad stories. they basically closed a couple bad stories, they fixed their nifb torrie....
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May 22, 2014
05/14
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today, sears, best buy and more.utures up slightly after pretty decent china pmi numbers. 10 year yield, existing home sales in an hour, jobless claims did rise 28,000 and europe remains in another tight premarket range today. our road map with another tough day in retail. challenges continue at sears and best buy. both brands declare a bare market consumer electronics. apple the new weather. >> and internet ipo jd.com pr e prices in the range. what it means for alibaba, the market, feature of e-commerce. >> can we maintain yesterday's rally. positive data from china but claims elevated. >> and one very steamed darden investor, starboard, launches a fight for the entire board of directors at darden, all of it or much boiling down to the sale of re red lobster announced last week. >> best buy first up reporting better than expected operating profits of 33 cents a share in the first quarter. revenue and comp sales did miss. the company says it expects to see ongoing industry-wide sales declines in many consumer electro
today, sears, best buy and more.utures up slightly after pretty decent china pmi numbers. 10 year yield, existing home sales in an hour, jobless claims did rise 28,000 and europe remains in another tight premarket range today. our road map with another tough day in retail. challenges continue at sears and best buy. both brands declare a bare market consumer electronics. apple the new weather. >> and internet ipo jd.com pr e prices in the range. what it means for alibaba, the market,...
SFGTV: San Francisco Government Television
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May 5, 2014
05/14
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it was occupied by sears rob yuck . since r-6 formula retail are all would need commission approximate the department's recommendation is for approval with conditions. staff has not received opposition to the projects. this completes by brief summary of the projects. if you have any questions, i'm happy to answer. thank you. >> thank you, project sponsor. >> just for the commission's benefit and public. the project supersonic sponsor give 15 minutes for combined presentation. >> adam miller sponsor representative. we thought it was good the last time we were in front of you was 2011 and give you the first-round of milestones that we hit at the property before we get into the six conditional uses in front of you. 2013 city target location opened on october 9th and highest volume opening for a city target store in the nation and continues to screed projections for the company so target was very successful using first source and other placements to really hit a very high local hire rate. and as you can see from this photo,
it was occupied by sears rob yuck . since r-6 formula retail are all would need commission approximate the department's recommendation is for approval with conditions. staff has not received opposition to the projects. this completes by brief summary of the projects. if you have any questions, i'm happy to answer. thank you. >> thank you, project sponsor. >> just for the commission's benefit and public. the project supersonic sponsor give 15 minutes for combined presentation....
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May 14, 2014
05/14
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BLOOMBERG
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sears holdings is looking at a 51% stake in sears canada, including the possible sale of sears holdings were sears interest as a sale. hiring a bank to look at potential options, which may be a sale. facing some challenges in the last year. >> i am looking at bloomberg data right now. sears lost money in 20 11, 2012, 2013, expected to lose in 2014, a specter to lose in 2015. >> that turnaround is a long way off. to 40.as been 120 down without exaggeration, it is a train wreck. >> the stock is slightly higher this morning at 46.50, after yesterday closing at 43.23. let's get to the rest of company news headlines. an unexpected forecast from sony. the japanese electronics company warns that it will lose money this year. that will be its sixth annual loss in seven years. sony trying to overcome slumping demand for tvs and personal computers. buy 50has agreed to 737's. chinese regulators said in february they will lift the rules to encourage budget airlines. value pharmaceuticals plans to make another run at botox maker allergan. allergan rejected an offer saying it undervalued the company
sears holdings is looking at a 51% stake in sears canada, including the possible sale of sears holdings were sears interest as a sale. hiring a bank to look at potential options, which may be a sale. facing some challenges in the last year. >> i am looking at bloomberg data right now. sears lost money in 20 11, 2012, 2013, expected to lose in 2014, a specter to lose in 2015. >> that turnaround is a long way off. to 40.as been 120 down without exaggeration, it is a train wreck....
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May 15, 2014
05/14
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KICU
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sears may soon slim down. reports say the retailer may sell off part or all of its stores in canada. sears' ceo and hedge fund manager eddie lampert is under pressure to turn around sagging sales at sears. the store chain is not the first to have trouble connecting with canadian shoppers. target and big lots have not faired well to the north. while costco been successful. a disturbing report details child labor on the nation's tobacco farms. human rights watch says more than 700 thousand children under the age of 18 worked on tobacco farms in 2012. the organization says some children work long hours, and many report symptoms of nicotine poisoning. legal changes were proposed in 2011, but were withdrawn in 2012. the ceo of cigarette giant philip morris international responded stating "more work remains to be done to eliminate child and other labor abuses in tobacco growing." turning now to that tragedy in turkey... rescuers are making desperate attempts as hopes fade to find dozens of miners missing after an ex
sears may soon slim down. reports say the retailer may sell off part or all of its stores in canada. sears' ceo and hedge fund manager eddie lampert is under pressure to turn around sagging sales at sears. the store chain is not the first to have trouble connecting with canadian shoppers. target and big lots have not faired well to the north. while costco been successful. a disturbing report details child labor on the nation's tobacco farms. human rights watch says more than 700 thousand...
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May 21, 2014
05/14
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if sears canada unit is posting the deeps fall in sales in five years. last week the company said it was looking to sell it's stake. that down towards session lows. >> dom, thank you. >>> to the bond market. rick santelli is at the cme. >> we're up several basis points. look at yesterday, exactly the same, at least on the treasury side. the one difference, stocks are holding a bit, so you might not go back down to that 250 level. fresh lows, going back to the 12th of february. let's look at the dollar/yen, open the chart up, we're hovering in the zone, because it really was yesterday that we've traded this week again since february 3rd. sue, tyler, back to you. >> thank you very much, rick. two big stories we are watching. netflix sun veiling a bold expansion plan and cisco's scary warning. we'll be back in a moment. requires precision and anattention to detail.g it takes knowledge, hard work and a plan. at baird, we approach your wealth management strategy that same way. as an employee owned firm we have the freedom and resources to create customized fi
if sears canada unit is posting the deeps fall in sales in five years. last week the company said it was looking to sell it's stake. that down towards session lows. >> dom, thank you. >>> to the bond market. rick santelli is at the cme. >> we're up several basis points. look at yesterday, exactly the same, at least on the treasury side. the one difference, stocks are holding a bit, so you might not go back down to that 250 level. fresh lows, going back to the 12th of...
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May 20, 2014
05/14
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ALJAZAM
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sears offers a vaccination. three-year-old twins colton and gunnar chen have been dreading this trip to the doctor but today they're off the hook. thanks odr. sears. no vaccine for another two months. dr. sears tells parents that it's okay to slow down the cds schedule. >> so why do it any credit differently? why watch the kids suffer? >> some babies don't handle the vaccine schedule very well. there are side effects that occur, not very often but side effects do occur. >> such as? >> brain swelling encephalitis, seizure reactions. >> but those are extremely rare right? >> they are, they are very rare but parents don't want to be one of those statistics. >> you have to realize that the persons who are at most risk for these diseases are young kids. and so if you wait till older in life to get vaccinated, you'll get your child vaccinated but you may miss the boat in terms of the highest risk period of time when they could get sick. >> orange county is not the only wealthy area struck by a measles outbreak. the tr
sears offers a vaccination. three-year-old twins colton and gunnar chen have been dreading this trip to the doctor but today they're off the hook. thanks odr. sears. no vaccine for another two months. dr. sears tells parents that it's okay to slow down the cds schedule. >> so why do it any credit differently? why watch the kids suffer? >> some babies don't handle the vaccine schedule very well. there are side effects that occur, not very often but side effects do occur. >>...
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May 15, 2014
05/14
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the sears canada fella? >> no.who runs passport capital coming from the salt conference in the 10:00 hour. >> i think it was -- >> that was a great sequel. >> like beganty 2. >> what's on tonight? >> dex com. someone will come on and say what do you think of dex com. i will say i think they should come on. a medical health device company and like many of those companies the stock has been a straight line down. find out if that's real or not. i want to speak to tepper right now. >> yeah. a lot of people would like to. >> tepper right now and bump into him at the mall. >> get him line one tepper. >> we will see you tonight, jim. >> thank you. >> when we come back, a double dose of breaking news on the economy. we'll get philly fed, at home builder sentiment and market reaction with the dow down 121. i make a lot of purchases for my business. and i get a lot in return with ink plus from chase like 60,000 bonus points when i spent $5,000 in the first 3 months after i opened my account. and i earn 5 times the rewards on
the sears canada fella? >> no.who runs passport capital coming from the salt conference in the 10:00 hour. >> i think it was -- >> that was a great sequel. >> like beganty 2. >> what's on tonight? >> dex com. someone will come on and say what do you think of dex com. i will say i think they should come on. a medical health device company and like many of those companies the stock has been a straight line down. find out if that's real or not. i want to speak...
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May 14, 2014
05/14
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BLOOMBERG
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asailer sears is up as much 5% in early trading. crossingacy's earnings right now. sales in the first quarter coming in at $6.28 million, coming in light on estimates, and earnings coming in right in $.61 per share. let's head to chief markets correspondent scarlet fu, what are you looking at? >> as you give us the eps number, it matches estimates, but the sales number is a big miss. comparable sales, spain -- same-store sales was down 1.6%. analysts were looking for a gain of 1.3%. what happened in the first quarter was the weather issues. frigid temperatures in february. multiple winter storms. amateurs were much colder in february than they were in the previous year. a late easter as well. inventory buildup that carried over into the first quarter and macy's had frequent one-day sales, giving you an indication of how frequently they had to markdown merchandise to clear store shelves. that pressures margins as well. in terms of growth margins, 30 .9% for the quarter. higher than what analysts were looking for, 38.7%. the key much the same as it was one year ago. s
asailer sears is up as much 5% in early trading. crossingacy's earnings right now. sales in the first quarter coming in at $6.28 million, coming in light on estimates, and earnings coming in right in $.61 per share. let's head to chief markets correspondent scarlet fu, what are you looking at? >> as you give us the eps number, it matches estimates, but the sales number is a big miss. comparable sales, spain -- same-store sales was down 1.6%. analysts were looking for a gain of 1.3%. what...
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May 22, 2014
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i put before you a closed sears store. they came out with numbers worse than expected, their seventh year of losses. what is going on with seres? jeff flock alive at that location. you will be amazed why it is so very important. we will be talking about this iconic brand and weather can survive another year of terrible losses with the billionaire hedge fund manager. speaking of real-estate, sears is considered a real-estate play too, make way for web fin. wait till you hear what redfin is an anagram for. we have the ceo on why you should be buying your next house with him on his side and no where else. melissa: arsenio hall is light on cash but that does not help him from being the next owner of the l.a. clippers. he has launched a crowd funding campaign hoping to raise $1 billion replacing donald sterling offering interesting prizes for a $35,000 donations so cheap. so far he has collected $2,000. >> i am on it and already suspended for compelling prices and one of the ms. you can skype with him. i always wanted to. it is
i put before you a closed sears store. they came out with numbers worse than expected, their seventh year of losses. what is going on with seres? jeff flock alive at that location. you will be amazed why it is so very important. we will be talking about this iconic brand and weather can survive another year of terrible losses with the billionaire hedge fund manager. speaking of real-estate, sears is considered a real-estate play too, make way for web fin. wait till you hear what redfin is an...
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May 22, 2014
05/14
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not recommending sears at all.han others and when you throw in dollar tree and children's place and williams sonoma you get a picture the consumer is okay. >> that's my point too. >> healthier than a lot of headline reports where you've said they'll missed expectations. to me that's backward looking not forward looking. >> the ups interview was sensation app. no sensation of package spending. amazon is amazon in certain industries. pet smart, you could argue that staples, these were not weakness in the consumer. they were strength in amazon. when you have a category that can't be amazon like williams sonoma the numbers are good, i question the thesis and i don't like the downbeat best buy given the last quarter being horrible. a nice move up. they were doing some clearance on some phones. >> thank you so much. we will see you in a few minutes. >> coming up, colorado holding a cannibis convention. jane wells is out there. >> hey, joe. the pot business is trying to learn best practices at the cannibis summit like wal
not recommending sears at all.han others and when you throw in dollar tree and children's place and williams sonoma you get a picture the consumer is okay. >> that's my point too. >> healthier than a lot of headline reports where you've said they'll missed expectations. to me that's backward looking not forward looking. >> the ups interview was sensation app. no sensation of package spending. amazon is amazon in certain industries. pet smart, you could argue that staples,...
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May 24, 2014
05/14
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spectacular get an extra 5% off or up to 60 months financing and get free delivery start your search at searsers get more ♪ [ cheers and applause ] >> seth: welcome back to "late night" everybody. you know, at this show we are huge fans of product slogans. for example, l'oreal's slogan is "because you're worth it." you are. great slogan. g.e., "imagination at work." it is. it's working. burger king, "have it your way." i will, thank you burger king. well, we were thinking. why should only products have slogans? everything could benefit from one, so we came up with some for you in a segment we call "new slogans." ♪ [ cheers and applause ] >> seth: let's get this started right off with a new slogan for papayas. "papayas, the fruit you thought was a mango." [ laughter ] don't pretend like you know which one is which. you don't know which one is which. next we have e-mail. e-mail has never had a slogan until now. "e-mail, hey, did you get my e-mail?" [ laughter ] very helpful slogan for email. [ applause ] next, we've got chili. chili, a delicious dish. i can't wait to see chili's slogan. "chili,
spectacular get an extra 5% off or up to 60 months financing and get free delivery start your search at searsers get more ♪ [ cheers and applause ] >> seth: welcome back to "late night" everybody. you know, at this show we are huge fans of product slogans. for example, l'oreal's slogan is "because you're worth it." you are. great slogan. g.e., "imagination at work." it is. it's working. burger king, "have it your way." i will, thank you burger...
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May 14, 2014
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what is sears' fund? >> i like to use the analogy here, you can't -- so really that's what sears is doing. we know their core business they have not invested in in years, we know sales have been down year after year, and they're basically getting rid of assets to keep their cash position a place to stay in business. i think they're outdated, way too much to have to invest in, so i would definitely stay away. >> stacy, thanks very much. >> thanks, tyler. >> >>> a major and developing story, ty, that we are watching, at least 238 workers were killed in western turkey wednesday. some, 120 are still missing. the explosion took place during a shift change with nearly 800 workers inside the mine, some as deep as 460 yards. the deaths were caused by carbon monoxide poisoning, which also has slowed down rescue operations. the last survivors was pulled from the mine at dawn, and hope is fading for those still missing, turkey's prime minister postponed a foreign trip, to visit the mine and comfort the family member
what is sears' fund? >> i like to use the analogy here, you can't -- so really that's what sears is doing. we know their core business they have not invested in in years, we know sales have been down year after year, and they're basically getting rid of assets to keep their cash position a place to stay in business. i think they're outdated, way too much to have to invest in, so i would definitely stay away. >> stacy, thanks very much. >> thanks, tyler. >> >>> a...
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May 9, 2014
05/14
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lou d'ambrosio is the former ceo of sears.rsthand how hard it is to please consumers, and he , thee former ceo of avaya tech company. you actually were a retail ceo that came from another industry. how hard is that? record couple of things -- retaliation eight -- >> a couple of things. cal is a tough industry. rings that differentiate retail -- it is 24 hours a day. there are hundreds of millions of transactions a year. the industry is going through a radical change. surely, consumer spending has been constrained. >> it is difficult. >> that have happened in a lot of industries. retail is a completely different industry. if you talk to the people that have been in retail forever, the merchants were king, and they still play a role, but right now it is about technology, information, immersing yourself with the consumer on a day-to-day basis and having a continuous dialogue as opposed to an episodic relationship. >> the merchant gave you the advantage before, and now it is the technology. >> in the past, industry would say here
lou d'ambrosio is the former ceo of sears.rsthand how hard it is to please consumers, and he , thee former ceo of avaya tech company. you actually were a retail ceo that came from another industry. how hard is that? record couple of things -- retaliation eight -- >> a couple of things. cal is a tough industry. rings that differentiate retail -- it is 24 hours a day. there are hundreds of millions of transactions a year. the industry is going through a radical change. surely, consumer...
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May 22, 2014
05/14
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. >> large grills, the kenmore is great with a separate side burner as a nice feature at sears for $700 most people go for mid-sized grill and this $550 weber is good and heats even. for smaller, "consumer reports" recommends $200 broil are made which is decent side and has an even heating. spark some interest in the summer cooking with the right gas grill. wonder if your grill is a goinger? yellow flames mean it is time to clean. if you spot corrosion, it could be time for new burners. they are the most frequently replaced part and can still, under warranty for 10 years or longer from the of inner so replacing them could be free. >> i cannot say i know how to change the bumpers but i can change out the charcoal like no one's business. >> >> you can probably do a documentary on the charcoal grill. >> we have stories ahead on the vigil for the east bay teen killed by a train. the mother reveals one thing she didn't finish teaching her daughter before her death. >> we have an interstate shut down this weekend. do you know about it? it starts tonight. that is next. >> here is sfo and the m
. >> large grills, the kenmore is great with a separate side burner as a nice feature at sears for $700 most people go for mid-sized grill and this $550 weber is good and heats even. for smaller, "consumer reports" recommends $200 broil are made which is decent side and has an even heating. spark some interest in the summer cooking with the right gas grill. wonder if your grill is a goinger? yellow flames mean it is time to clean. if you spot corrosion, it could be time for new...
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May 17, 2014
05/14
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from the lowest simmer to the hottest sear, perfection is yours... almost. ge.perform. almost. you've got to build a crowd from nothing. find what gets them moving, and do it. my intel-powered tablet can respond immediately... so when i get my crowd... ...this funk machine won't let them down. ♪ 0 to 60?performance? or 60 to 0? how a car performs in a quarter-mile? or a quarter-century? is performance about the joy of driving? or the importance... of surviving? to us, performance is not about doing one thing well. it is about doing everything well. because in the end... everything matters. mercedes-benz. the best or nothing. >> jimmy: our next guest has risen from the ashes of radio to conquer the worlds of publishing, podcasting and bootlegging too -- he makes alcohol mangria -- and his new book is called "president me the america that's in my head" please say hello to adam carolla. ♪ ♪ [ cheers and applause ] >> these are for me? >> for our 20 year anniversary, jimmy. >> jimmy: it is our 20-year anniversary, isn't it? >> when i met jimmy i was about to turn 30
from the lowest simmer to the hottest sear, perfection is yours... almost. ge.perform. almost. you've got to build a crowd from nothing. find what gets them moving, and do it. my intel-powered tablet can respond immediately... so when i get my crowd... ...this funk machine won't let them down. ♪ 0 to 60?performance? or 60 to 0? how a car performs in a quarter-mile? or a quarter-century? is performance about the joy of driving? or the importance... of surviving? to us, performance is not about...
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. >>> and sears is about to announce more store closures soon. sears has closed 305 stores since 2010. >>> internet stocks took a beating on wall street yesterday. twitter was the hardest hit. its shares lost 18%, closing at $31.85. yesterday was the first time that insiders could sell stocks. ail baba has become a publicly-traded company. one of the biggest ipos in history. >>> the manager of fiat chrysler has a plan to make it a bigger player in the auto world. eight new models are expected in the next five years. >>> subway is adding a healthy, new item to its menu. the sandwich chain is testing out hummus as a topping, giving customers another meatless option. if it's a hit, it could be in 26,000 subway locations across the country. >>> and americans have access to more tv channels than ever before. but they're just not interested in most of them. the average u.s. home gets 189 channels. viewers only watch about 17. >> so true, right? >> and you know what? i'm still stuck in the stone ages. i start at 2 every time. >> and never go up above 60
. >>> and sears is about to announce more store closures soon. sears has closed 305 stores since 2010. >>> internet stocks took a beating on wall street yesterday. twitter was the hardest hit. its shares lost 18%, closing at $31.85. yesterday was the first time that insiders could sell stocks. ail baba has become a publicly-traded company. one of the biggest ipos in history. >>> the manager of fiat chrysler has a plan to make it a bigger player in the auto world....
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May 21, 2014
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. >> drop for sears down 4%. karen. >> nice job, bc to get that in there. sears canada. numbers today. awful, awful. >> go rangers. rangers beat the canadiens. >> there's nothing else to say. canada for sears and everybody else, very tough. >> pop for delta up 1%. pete. >> good friend richard anderson. bought that refinery. estimated to save $300 million per year. look at the pricing power and international growth. this is not the end despite the stock is trading at highs and performed extremely well. >> let's get to the latest out of russia. back in march everyone's favorite financial adviser jay carney had a stern warning in investing in russian stocks. >> i wouldn't if i were you invest in russian equities right now. i think the -- unless you're going short. >> now since that warning, russian equities are up more than 13%. far outperforming the s&p 500 from its lows. today russia signed a landmark deal to supply natural gas to china for a reported $400 billion. is now the time to invest in russia? i know we all wish we could ask mr. carney what he thinks. >> he's a mo
. >> drop for sears down 4%. karen. >> nice job, bc to get that in there. sears canada. numbers today. awful, awful. >> go rangers. rangers beat the canadiens. >> there's nothing else to say. canada for sears and everybody else, very tough. >> pop for delta up 1%. pete. >> good friend richard anderson. bought that refinery. estimated to save $300 million per year. look at the pricing power and international growth. this is not the end despite the stock is...
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May 15, 2014
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sears. performance starts here. >> all right. let's go again. left, left, left.n. again. again. again. wait. wait. i think i'm any okay. >> jimmy: that is emily blunt, tom cruise, "edge of tomorrow" what a good movie that is. it is going to be huge. >> i hope so. poor tom, poor tom just gets killed. [ bleep ]. >> jimmy: groundhog day. >> sci-fi alien war. >> jimmy: it was robot octopus monsters in it. you were physically fit and tough in the movie. >> did train. >> jimmy: because tom cruise does his own stunts. does that put pressure on you? >> you want to do your own, as well, so he is not the only one. >> jimmy: does he tell that beforehand. like before, when talking about doing the movie. you know. >> he did talk about it. and it's going to be hard, you know. i was like, you know. he was look you have to do your own stunts. i was look all right. i will do my own stunts. challenging shoot. >> jimmy: challenging, do you mean horrible. >> the suits. heavy armored suits. they weighed like, between 85 and 100 pounds. like his suit weighed 100 pounds. i think this m
sears. performance starts here. >> all right. let's go again. left, left, left.n. again. again. again. wait. wait. i think i'm any okay. >> jimmy: that is emily blunt, tom cruise, "edge of tomorrow" what a good movie that is. it is going to be huge. >> i hope so. poor tom, poor tom just gets killed. [ bleep ]. >> jimmy: groundhog day. >> sci-fi alien war. >> jimmy: it was robot octopus monsters in it. you were physically fit and tough in the movie....
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May 21, 2014
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you saw what happened with sears earnings and jcpenney even though they reported better-than-expected earnings a couple days ago, these stores are starting to close down. when those stores close down that takes away the traffic. that is almost like a domino effect. , when traffic goes away from anchor stores the smaller stores start to suffer and people stop going to the malls more and more. gerri: this is true for middle income malls and with sears and target, all those stores packed in cheek by jowl. when it goes to high-end malls the trends are very different. what is going on there? >> the high-end malls are not seeing a decrease in traffic at all. and that really has to do with the fact that there's a bifurcation in the market. basically what that means, we saw that during the recession, the wealthy people were just fine with their spending money. they weren't worried about jobs, people on other side, barbell effect, people having jobs insecurity, they didn't know where the next paycheck was coming from and they were the ones worried and not maybe spending that much money. wealth
you saw what happened with sears earnings and jcpenney even though they reported better-than-expected earnings a couple days ago, these stores are starting to close down. when those stores close down that takes away the traffic. that is almost like a domino effect. , when traffic goes away from anchor stores the smaller stores start to suffer and people stop going to the malls more and more. gerri: this is true for middle income malls and with sears and target, all those stores packed in cheek...
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May 10, 2014
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sears. performance starts here. woman: welcome to learning. spanish in the car.c on.ve got to be kidding me. driver: this is good. woman: vamanos. driver & passenger: vamanos. woman: gracias. driver & passenger: gracias. passenger: trece horas en el carro sin parar y no traes musica. driver: mira entra y comprame unas papitas. vo: get up to 795 miles per tank in the tdi clean diesel. the volkswagen passat. recipient of the j.d. power appeal award, two years in a row. beer. dog. music. yikes. skip track, please. i'm hungry. impossible? maybe, but honeywell's latest innovation gives me hope. hello, thermostat? "hello. please say a command." i'm feeling hot. "changing set point to 68 degrees" the wi-fi thermostat that listens, learns, saves. from honeywell. there was a boy who traveled to a faraway place where villages floated on water and castles were houses dragons lurked giants stood tall and the good queen showed the boy it could all be real avo: whatever you can imagine, all in one place expedia, find yours [ cheers and applause ] >> jimmy: tonight on the program --
sears. performance starts here. woman: welcome to learning. spanish in the car.c on.ve got to be kidding me. driver: this is good. woman: vamanos. driver & passenger: vamanos. woman: gracias. driver & passenger: gracias. passenger: trece horas en el carro sin parar y no traes musica. driver: mira entra y comprame unas papitas. vo: get up to 795 miles per tank in the tdi clean diesel. the volkswagen passat. recipient of the j.d. power appeal award, two years in a row. beer. dog. music....
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May 31, 2014
05/14
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spectacular get an extra 5% off or up to 60 months financing and get free delivery start your search at searss get more we heat the room to 110 huh?ees. she's fine. in a world filled with fads, it's nice to get back to basics. new p3 portable protein pack. it's 13 grams of serious protein, without taking itself too seriously. it's the original protein. it's oscar mayer. the world's most refreshing beer meets a blend of natural citrus flavors so you can squeeze the most out of summer. ♪ new coors light summer brew so safely whiten your smile with listerine whitening®. other mouthwashes just whiten teeth. but only listerine whitening® both whitens and restores enamel. new listerine whitening vibrant®. power to your mouth. ♪ [ cheers and applause ] >> seth: welcome back to "late night", everyone! you know, we have such a great show for you tonight. as i mentioned -- >> excuse me, young man! [ laughter ] >> seth: yes, hi. can i help you? >> is this the set of "the view"? i just want to -- i want to tell the new people they are doing a good job. >> seth: no, this is the set of a completely differe
spectacular get an extra 5% off or up to 60 months financing and get free delivery start your search at searss get more we heat the room to 110 huh?ees. she's fine. in a world filled with fads, it's nice to get back to basics. new p3 portable protein pack. it's 13 grams of serious protein, without taking itself too seriously. it's the original protein. it's oscar mayer. the world's most refreshing beer meets a blend of natural citrus flavors so you can squeeze the most out of summer. ♪ new...
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May 23, 2014
05/14
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sears is a brand that used to be golden. what you bought at sears you could rely on.was any problem with it you could go back. it lost that golden touch. tiffany as you mentioned has been doing very well. tiffany makes stuff, right here outside of new york and in purchase, new york. it makes stuff to last. everybody knows it is going to last. isn't if you really provide the consumer with quality, that they can trust and tell their friend bit and their family, that is the key? if you lose that trust, that quality trust, you sink? >> well that is certainly part of it. i think the shopping environment is critical as well. you want an experience that feels good and that is exciting. but it goes beyond that today because the bricks and mortar stores have competition from the net. and so anything that is commoditized, from a product standpoint, is going to be able to be sold better by amazon and some other online retailers. so you see that people who are differ rent eighted from -- differentiated from experience standpoint or product standpoint or luxury where the money is
sears is a brand that used to be golden. what you bought at sears you could rely on.was any problem with it you could go back. it lost that golden touch. tiffany as you mentioned has been doing very well. tiffany makes stuff, right here outside of new york and in purchase, new york. it makes stuff to last. everybody knows it is going to last. isn't if you really provide the consumer with quality, that they can trust and tell their friend bit and their family, that is the key? if you lose that...
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May 15, 2014
05/14
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sears is considering a sale of its canadian stores.truggling store chain may invest its stake in canada. sears holdings will hire an investment tanked to study options. check this out -- u.s. crude production climbing to a 20-year high. output rose to eight point 4 million barrels a day, the most since october 1986 according to the energy information administration. back over to you. >> thanks very much. liquidspace is an online and mobile platform, of course, but it is approaching the real estate market in a whole new way -- they allow users to track down available offices and meeting rooms, and then they rent the spaces out by the hour or the day. the marketplace includes more than 5000 workplaces in more than 530 cities. its founder and chief executive, mark gilbreath, joins me now. thank you very much for being here. describe the a-ha moment that might have gone on in your life that said, "you know what? that office or that cubicle or that conference room is not being used, and someone really wants to use it. we can help them." >>
sears is considering a sale of its canadian stores.truggling store chain may invest its stake in canada. sears holdings will hire an investment tanked to study options. check this out -- u.s. crude production climbing to a 20-year high. output rose to eight point 4 million barrels a day, the most since october 1986 according to the energy information administration. back over to you. >> thanks very much. liquidspace is an online and mobile platform, of course, but it is approaching the...
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May 22, 2014
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look at sears. they are offering big discounts.rently where the rich get their kitchen stocked. the stock making a new high. the chinese ip owing today. up and running with a 10% gain. this makes things look pretty good for aly baba. elsewhere, turmoil. all around the world. thailand. seizing control of the government. it is a coupe. this is thailand. martial law declared. this is thailand. china. a series of bombs killing dozens, injuring more. where is the president? during all of this unrest over there and scandal here at home. he is touring the baseball hall of fame committee goes to chicago for two fundraisers. dan henninger, it used to be a prominent critic of the obama administration. what on earth is the president doing? what is he doing? >> your tax dollars at work. stuart: i cannot believe that that looks politically good. >> well, what you just described really does not look politically good. world on fire from asia to the middle east. he is trying to change the subject. the subject potentially will damage his legacy. 38
look at sears. they are offering big discounts.rently where the rich get their kitchen stocked. the stock making a new high. the chinese ip owing today. up and running with a 10% gain. this makes things look pretty good for aly baba. elsewhere, turmoil. all around the world. thailand. seizing control of the government. it is a coupe. this is thailand. martial law declared. this is thailand. china. a series of bombs killing dozens, injuring more. where is the president? during all of this unrest...
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May 23, 2014
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. >> did i say sears -- i could have said sears is great. have gone off that limb. >> didn't you hear him at the annual meeting. apple had its tough years '05 through '07, sears is just going through that. >> look -- >> the stock by the way -- we're being facetious. the stock down 3%. reported numbers yesterday, but it does seem as though there's a follow, reanalysis. >> stock was up and gary came out and made jokes about a club you don't want to join. gary actually -- hey, gary, i've known gary since 1984, you were a little too tough. because the pension is peaking and that's been a huge contributor, the fact is that the ebitda, there was a lot of explanations, still in a lot of good malls, they are getting out of the worst stores. they have no -- they are shrinking and they're not growing. they're not shrinking to grow. they're selling off things. people say listen, it's like engine one is off of a four engine plane. engine two, fine. engine three, when engoin four goes off. there are problems here. at the same time you understood why it w
. >> did i say sears -- i could have said sears is great. have gone off that limb. >> didn't you hear him at the annual meeting. apple had its tough years '05 through '07, sears is just going through that. >> look -- >> the stock by the way -- we're being facetious. the stock down 3%. reported numbers yesterday, but it does seem as though there's a follow, reanalysis. >> stock was up and gary came out and made jokes about a club you don't want to join. gary...
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May 26, 2014
05/14
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this eland loin seared and glazed with booze. there's eland paprikash.ver the belt, johannesburg lights blinking in the distance, a feast. meat on the plate. blood on my pants. life is good. i've been very, very, very confused by my visit here. you've got basically a ghoulash here. the liver thing going on here. the bread someone referred to as portuguese? >> yep. >> portuguese but it's from madera. that bread. flat bread. >> south africa, depending on who i talk to, is a completely different construct. so some people someone who comes from somewhere else in africa and brings good along with them. other people malaysia, east indies, dutch, english influence. >> there were so many different colonialists. >> what at this table is originally african, and does that even have any mining? >> this wood is pine. >> i arrived in this country spectacularly ignorant. i will leave spectacularly ignorant. we're moving our company to new york state. the numbers are impressive. over 400,000 new private sector jobs... making new york state number two in the nation in ne
this eland loin seared and glazed with booze. there's eland paprikash.ver the belt, johannesburg lights blinking in the distance, a feast. meat on the plate. blood on my pants. life is good. i've been very, very, very confused by my visit here. you've got basically a ghoulash here. the liver thing going on here. the bread someone referred to as portuguese? >> yep. >> portuguese but it's from madera. that bread. flat bread. >> south africa, depending on who i talk to, is a...
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May 30, 2014
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melissa: why do the kardashians and sears not work?you have to be present and involved in whatever you do. because it is very transparent. if the consumer thinks you're not really in it, just in it for the money, it is very transparent today. melissa: really? >> it really is. they absolutely can tell. melissa: sarah jessica parker. >> kardashians buy anything from sears? melissa: i don't know if they know where it is. i don't think she can spell it. that is different issue. sara jessica parker is somebody known very well for fashion. people love to copy her. love to see what she is doing. she had a brand, bitten and launched and gone in list than a year. how is it, seems like she would have the knowledge to pick the right person. >> sometimes through trial and error. there are a lot of things that break down a business. you have to understand that in fashion, you know, there's pieces and elements that i have to have all the time. tough have consistency. you have to have a clear brand message. what was she trying to sell? sjp stand for?
melissa: why do the kardashians and sears not work?you have to be present and involved in whatever you do. because it is very transparent. if the consumer thinks you're not really in it, just in it for the money, it is very transparent today. melissa: really? >> it really is. they absolutely can tell. melissa: sarah jessica parker. >> kardashians buy anything from sears? melissa: i don't know if they know where it is. i don't think she can spell it. that is different issue. sara...