the drapes came from sears. from my very first memory as a child, the sears catalog was there in our house. the majority of the clothes and shoes was ordered from sears. my mother even ordered her fruitcake each christmas from sears. >> but over the years, innovation slowed and things began to change. >> sears became increasingly inwardly focused, as many businesses that become very successful and very large do, to their peril. >> he was once the ceo of sears canada. today he teaches retail studies at columbia university. he says that sears could have survived the competition from walmart, home depot and even amazon. what ultimately doomed sears, he says, was bad leaders. especially billionaire investor edward lambert that bought sears in 2004 and merged it with k-mart. >> today k-mart went shopping and came home with sears. >> he has sold off sears brands and real estate and closed hundreds of stores. of the 2,300 sears locations 8 years ago, only about 500 remain open today. >> he has publicly defended his eff

sears isn't dead yet. the judge gives the company's largest shareholder one more chance to save t storied retailer. >>> skyrocketing costs. it's nog secret that d prices are on the rise. but why is it so hard to lower them? those stories and more tonight on "nightly business report" fo, tuesanuary 8. od> and we do bid you a good evening, ever and welcome. three straight days of gains. stock market the has been behaving lately, that's saying something. tradesi sve industrial stocks helped lift the broader market today on word that u.s. and chinese negotiators seem to be making some progress. tech shares were also higher. by the ose, the industrial average rose by 256 points to 23,787. the nasdaq was up 73 and the s&p added 24. but the rise in the market isn't necessarily because o good news. i mean, yes, there was some and it helped. but there were also negative headlines out today. the interesting thing is, that the market isn responding to the bad stuff like it did just a few wks ago. b pisani starts us o

at sears and kmarts sears holdings had more than 4,000 stores in 2011 at the store peak it had around bankruptcy in the fall at its sales peak in 2007 sales hit more than $53 billion in annual revenue its most recent fiscal year, january 2018, sales were $16.7 billion with assets of more than $7.5 billion and liabilities of more than $11.3 billion. carl, there are 50,000 employees today that are likely to lose their jobs in the coming weeks back over to you >> we'll be looking for headlines that make this more official today courtney reagan, thank you >>> when we come back, cramer is back from the jpmorgan health care conference in san francisco where he'll have a big interview. meds tronnic and its ceo omar ishrak take a look at the top performing names on the s&p. dow up 263 i am a family man. i am a techie dad. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. fl >>> let's get

up going to sears, epso. >> rorter: sears last profitable year wasn 2010.ed for chapter 11 tonkruptcy in r. >> what went wrong is sears is that they didn't reinvest ior their , they didn't make the merchandise exciting, they didn't change with the times. >> reporter: sears is just the latest retailer to struggle, macy's is downsizing o toys 'r's ut of business, clarz, brook stone, nine west andmp walking y all filed for bankruptcy last year. now former ceo eddie lambert is making one last push to keep alive a shrunken version of sears. if heoesn't come up with $1 million and a viable plan by 4:00 p.m. eastern today, sears will most likely be headed for a bankruptcy auction as soon as nextweek. >> sears former ceo has until 4:00 today to submit his bid and that $120 million deposit to avoid liquidation. sears does liquidate, it would mark the end of one of the couny's most belov retailers with roots going back to 1886. >> what about 90% of my clothes from sears. >> people even bought houses, remember? >> toys, everything. >>> goog's adding a special feature

e wire for sears eddie lampert's hedge fund is protesting sears' decision in court. courtney reagan, what is story it is. and i understand lauren this is playing out minute by minute so the judge now giving him more time >> a little bit more time. so just to catch you up, so on friday, sears advisers had decided eddie lampert's bid to save sears through his hedge fund was insufficient. the biggest reason that they didn't like the bid was because it didn't cover all the administrative experiences including its lawyers and bankers. so sears rejecteded his bid. the plan was to go to the bankruptcy judge to say that we will liquidate at the last minute which is the story of sears, they delayed the hearing until about 12:30. >> so just an hour ago >> exactly and they brokered a deal and from sources that i was talking to, esl said we're short of administrative expenses look at what you're saying your lawyers, look at what you are paying your bankers. that is the reason why 55,000 jobs goes away and it seems that they were persuasi persuasive >> but they have to come up br

china cabinet came from sears. >> bobby jones told cbs sunday morning he worked at sears for 35 yearsand benefits that many of today's retail workers could only dream of. >> it is a prestige to say i worked at sears. >> while the decline of sears may be historic, it does not mean the death of retail. >> you have lots of retailers that are thriving out there and you have some like amazon that are building brick and mortar stores like whole foods which they acquired. >> but should any of today's retail giants fail to adapt, they too risk falling. >> you have to be able to play in lots of lanes, online, with brick and mortar, you have to have good products that the customer wants and stay competitive. >> as for sears, last month a court approved bonuses of up to $25 million for sears executives. the company's front line employees meanwhile are worried they may walk away with nothing. the hedge fund hoping to buy sears says it expects to reinstate the severance program prior to the bankruptcy but the keyword there is expects. the partial government shutdown not only closed down america's

and added measure of added measure trading will join us and later not dead yet the old school amazon sears which has been going through a bankruptcy is not dead yet steve wallace bird joins us with the details all that directly had but first we had some headlines let's go to. a major dose of economic stimulus in china leads our global report today as the people's bank makes the equivalent of eighty three billion dollars in capital of vailable for lending the capital infusion is the largest ever such open market action in a single day and just one of many announced or intice of pated official actions to say in the chinese growth reducing benchmark interest rates is another more powerful policy lever that officials may consider if other measures fail to yield desired results in a statement on the move the chinese central bank warned that liquidity in the banking system is falling rapidly due to the chinese tax season. and catching up with the breakfast news that was still breaking as we went to air yesterday u.k. prime minister theresa may won a fight prefer political survival today rallying

, kpix 5 anne makevec. >> there are about 500 sears stores still operating acro the u.s. including this one here. but it looks like most, if not all of them could be closing. >> i always shopped here, bought all of my appliances here. >> sears customers are mourning the decline of what was once an iconic retailer. >> anything i need i would come, you will see i won't come anymore if this close. >> parent company sears holdings which filed for bankruptcy in october is now considering a revised bid from the hedge fund run by its chairman and former ceo, it could keep 425 sears stores open, but sears has to accept that $4.4 billion bid which is now part of an auction running through january 14th. sears has suffered from declining mall traffic and a failure to generate enough online sales which some of its loyal customers reject. >> the a lot of people stealing packages, whether they know or know what is going to happen. >> right now sears employees 50,000 people. they've been in business for 126 years, in san bruno, anne makevec. >>> amazon became the most valuable public co

has been sliced this week in a new york courtroom sears has been saved but it what cost here to fill us in is conservative commentator steve malzberg hey steve thanks for being here sure so it reminds me of that scene in that old money python film holy grail that movie where the death collector is picking up bodies and a fellow turns to the death collector and the guy is trying to turn and says i'm not dead yet and the other guy tells the death of the actor but he will be soon just hang around for a few minutes he's very ill will sears or ultimately be dead i mean what's the latest on them. ok well the latest is that eddie lampert the chairman who many believe ran the company into the ground when he took over in two thousand and thirteen and merged with kmart he won the auction that took place in a new york court room monday tuesday and very early yesterday morning very early today late last night he won and he originally came in with an offer of four point four billion to save the company last week that was turned down it went up to five billion and then he went up to about five poi

matt, a lot of us grew up with sears. this is a big change. >> yes, it certainly is an iconic brand. it filed for bankruptcy back in october. there was hope it could be saved from liquidation but that's unlikely. reuters reporting in the last hour sears holdings will ask for bankruptcy to proceed with liquidation after it could not reach an agreement with lampert. he attempted to have his hedge fund take over hundreds of successful stores and save 50,000 of 60,000 jobs but it did not meet creditor approval.

what is sears' way forward? >> you know, i have stopped -- i do other things with my day job now so i don't -- i have a feeling that sears is over except for basically being a real estate holder and iconic brand that much older people spent their lives with. you kn, one in 30 americans have worked at sears at the point i washi writing book. i basically think in many ways what happened me recently after i wrote my book is the financialization of the economy is somewhat mythic in a sense thatup -- great companies are built by unleashing things with capital. it's hard work and creativity plus capital. anus this was a case where it doesn't work that way. it's a bunch of real estate at this point. >> right. but realistically and quickly, you know, the model the retailer has to have today if they're not just purely online you have to have a brick-and-mortar store as swell. there a good combination of that. >> there are plenty of oibrick-and-mortar stores indecreed my well. just talk about the people in the cannabis wo

. >>> up next, the sears-saga.need to watch ahead of today's high stakes auction that could very well finally determine the ultimate fate of sears. >>> a big surprise is coming hm that is what the ford ceo telling cnbc today we'll hit the road and take you live to the detroit international tohoau sw when "worldwide exchange" returns ♪ my mom washes the dishes... ...before she puts them in the dishwasher. so what does the dishwasher do? cascade platinum does the work for you, prewashing and removing stuck-on foods, the first time. wow, that's clean! cascade platinum. unpredictable crohn's symptoms following you? for adults with moderately to severely active crohn's disease, stelara® works differently. studies showed relief and remission, with dosing every 8 weeks. stelara® may lower your ability to fight infections and may increase your risk of infections and cancer. some serious infections require hospitalization. before treatment, get tested for tb. tell your doctor if you have an infection or flu-like symptoms or

. >> and the man who sold sears to eddie lambert.ey will be joining us >> and a few moments now i'll be sitting down with procter & gamble ceo david taylor. his company resulting the results and raising the outlook on strong sales and what that says about the global consumer >> get straight to the markets though the major averages reversing course today on the renewed china trade fears after the commerce secretary goes on "squawk box" today and talks about what it will take to get a deal done. >> there's been a lot of anticipatory work done, but we're miles and miles from getting a resolution, and frankly that shouldn't be too surprising trade is very complicated. lots and lots of issues. not just how many soybeans and how much l & g, but even more importantly structural reforms that we really think that are needed >> in a sense he's right nobody is expecting this to get wrapped up when the meetings happen next week in washington, but markets never like to hear anything marginally or even directly negative. >> you want to heart subte

't>> i hav shopped at sears in a long time. i used tohop at sears all the time. i'll miss it.e. >> f my parents it's sad, they grewp going to sears. >> reporter: sears' last profitable year was in 2010. the company filed for chapter 11 nkruptcy in october. >> what went wrong at sears is they didn't reinvest in their stores, didn't make the merchandise exciting, they ith the times. >> reporter: sears is the latest retailer to struggle. macy's is downsizing, aire's, brook stone, 9 west and walking company a filed for bankruptcy last year. former ceo edd lambert is making one last push to keep alive aunken version of sears. if he doesn't come up with $120 million and a p viablelan by 4:00 p.m. eastern today, sears will likely head for a bankruptcy auction as soon as next week. so this could be the end of a company that dates back to 1886, one of the most iconic brand names in the country. really be loved. but the question really is, when was the last time you shopped at sears. back to you. >> still got those shorts? >> reporter: hey, it was either that or tough skins. i opted for

matt, a lot of us grew up with sears. this is a big change. >> yes, it certainly is an iconic brand. it filed for bankruptcy back in october. there was hope it could be saved from liquidation but that's unlikely. reuters reporting in the last hour sears holdings will ask for bankruptcy to proceed with liquidation after it could not reach an agreement with lampert. he attempted to have his hedge fund take over hundreds of successful stores and save 50,000 of 60,000 jobs but it did not meet creditor approval. lampert expected to offer improvements to his bid today. he acquired kmart in 2003 and sears in 2005 and merged them together. if sears closes, the bankruptcy will be the second biggest ever in the retail industry. it has more than a dozen stores, appliances, outlets and auto centers here in the bay area. reporting live in san jose, matt keller, abc 7 news. >>> matt, thank you. >>> if sears got into liquidation, it would be the latest in the stripping of major retailers to close up shop. >> threats go topher a few of t

connell: also today, sears, sears fighting for one last chance to survive. the auction for the iconic american retailer will go ahead on january the 14th, conditioned upon chairman eddie lampert 121 million-dollar deposit which is due tomorrow. all of this reporting from our friends at "the wall street journal." lampert's $4.4 billion rescue bid would keep more than 400 sears stores open. gary, boy, sears, is it going to make it through all of this or just a matter of time? >> you know, eddie lampert is the guy that has run the joint into the ground now he will save 400? look, eventually they will all be gone. it's a matter of fact. in my hands here 20 pages defunct retail companies, small, medium, large, extra large. most of them have the same thing in common. they never changed with the demographics, with the new type of outfits or new technology. and they were never managed well. eventually somebody beat them to the punch and they went out. sears will be next unfortunately because a lot of people will lose a lot of jobs. connell: remember all the profiles

500 sears store open.the bid to $5.2 billion winning the auction and beating out a bid that would have sold sears for parts, liquidating everything for cash. that liquidation bid was supported by groups that are owed money like creditors and landlords. the judge has to sign off on the bid at a hearing february 1 in white plains, new york. the judge presiding over that, robert drain, has pushed for lampert to make this deal with sears and save these jobs. some creditors are not completely sold that this is a good idea and that this will revive sears brand, shep. >> shepard: what are you hearing from analysts on this? >> analysts i talked to today think that this last ditch effort to keep sears alive is dumping more cash into a company that's been dying off for decades. telling me it's too little too late without fundamental reinvestment in brand, service and multichannel relevant. another analyst saying that lampert's leadership is going to seal sears fate. it's the same leadership that led to its demise. s

i love sears. to changes in the new retail landscape. >>> if you're on the go, subscribe to our podcast. you can hear the top stories and what's happening in your world in less than 20 minutes. you're watching our anniversary broadcast. >> right. seven years. >> "cbs this morning." ♪ yeah, yes. would you be surprised to hear that honda is the most reliable car company? no. honda's reliable. well it's actually not honda. really? oh! what? toyota! i mean, i knew in my heart toyota's one of the best brands out there. it's actually not toyota either. ohhh. chevy. it's chevy. you had me bragging. based on a nationwide survey, chevy is more reliable than honda and toyota. wow. i'm so impressed. chevy's killing it. smile dad. i take medication for high blood pressure and cholesterol. but they might not be enough to protect my heart. adding bayer aspirin can further reduce the risk of another heart attack. because my second chance matters. be sure to talk to your doctor before you begin an aspirin regimen.

sears from liquidation.ove would save over 45,000 jobs and keep over 400 sears storefronts open. lampert upped his bid from $4.4 billion to $5.2 billion, winning the auction and beating out a dueling bid that would have sold sears for parts, liquidating everything for cash. that bid to liquidate was largely supported by groups that are owed money like sears' creditors and landlords who are looking to get paid. the final offer will head to court for approval. the judge has to sign off on the bid at a sale hearing happening february 1st in white plains, new york. the judge overseeing that, robert drain, has [ inaudible ] to lampert to make a deal. analysts i talked to today think this last-ditch effort to keep sears brand alive is just dumping more cash into a company that's been dying off for decades, telling me it's quote, too little, too late, without fundamental reinvestment in the brand, service and multi channel relevance. another analyst telling me lampert's leadership is going to be the thing that seal

he ordered one from his nearby sears store. he paid $169.said the rack delivered was for a different model. he said he tried to return it at the sears parts counter. the store told him to call customer support. he did for weeks and got nowhere. finally ramon just gave up and bought a new dishwasher all together at another store, but he was still stuck with the dish rack, the $169 dish rack he didn't need for a dishwasher he no longer owned. he wanted his $169 back so he turned to us. we contacted sears and the very next day it sent ramon a check for $169. we asked sears what happened. it only told us it issued the check. as for the dish rack, sears says ramon can do whatever he wants with it. usually we try to find a lesson at the end of these cases but it seems ramon did everything right. he kept his receipt, followed instructions, gave them time to make it right, yet he still needed us. that's why we're in business. got a consumer problem, call us 1-888-996-tips or nbcbayarea.com/bay area responds. >> thanks, chris. >>> coming up next on "

connell: crucial deadline for sears.emember we started to talk about this story yesterday but today is the day. big deadline. chairman eddie lampert trying one last time to save the struggling retailer. deirdre bolton in the newsroom with latest on this. >> a bankruptcy judge threw a lifeline to sears holdings chairman eddie lampert. so lampert has another chance to buy the retailer out of bankruptcy. he had to make a good faith deposit today. by about 20 minutes ago. i am waiting for word to hear whether that happened. the good faith deposit was $120 million. the judge threw lampert a lifeline because without the extension, sears would have already begun to liquidate. what we do know in late december, as we've been covering on this network, sears really narrowly averted liquidation, after lampert made 4.5 bid through hess hedge fund buy the company. after 126 years in business, sears filed for bankruptcy in october. this retailer was once the walmart, amazon of its day, was less profitable in 2010. it has been strugglin

sears chairman eddie lampert reportly winning his bid to save sears.proved his takeover bid to roughly $5 billion adding more cash and assuming more of sears's liabilities. his offer was made for his hedge fund, and it will keep about 425 sears or k-mart stores open potentially saving up to 50,000 jobs keep in mind, a judge must still approve lampert's bid. creditors have objected, so another hearing expected to be scheduled for later this week. >>> shares of snap are going to be your big stock story today. they have broken they're down 9% in the premarket. cfo tim stone resigning less than a year after taking the job. this follows the loss of snap's chief strategy officer and vp of content late last year now, in the meantime, snap says it does expect a report fourth quarter revenues and earnings near the top end of its guidance, but the market doesn't care focussing on the cfo leaving after just eight months. >>> united continental airline getting a nice pop beating on both the top and bottom lineses also issued a rather rosy outlook for earnings in 2

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chairman and former c-e-o of sears ...and the largest shareholder. the deal will keep 425 of the stores open and save thousands of jobs, if certain conditions are met. under the new terms, lampert must come up with 1- hundred-20 million dollars in cash by tomorrow, as a down payment. the auction period for liquidators looking to close the stores ends on january 14th. at this point, lampert's bid is the only one designed to keep sears open. (ken) is it bigger than a "breadbot"? chances are... no.we've got a first look at some new tech that has c-e-s buzzing in las vegas.. next. (ken) the consumer electronics expo officially began in las vegas today. it's the yearly consumer tech conference where tech companies display their latest offerings. among the popular items at the conference this year: mobile breast pumps, fuzzy robots and smart-home security cameras. stealing the show, however... "breadbot." it is an automated device that bakes different kinds of bread, including whole wheat, nine grain and white. there is a see th

on the line, the last 425 stores and 68,000 jobs at both sears and sears owned k mart.and relevant in 2019. for most of its 126 years sears was the definition of relevant. one stop shopping for everything from tools to appliances, auto parts to clothing. it's must-have catalogs even offered a kit to assemble your own house. at its peak sears had 3,000 stores nationwide. the sears tower dominated the chicago skyline. >> these wardrobe essentials are on sale through saturday at sears where america shops for value. >> reporter: and it was back to school shopping headquarters for moms. that's me, age 11 in colorado all sears head to toe. check out the pants. pretty snazzy, but sears began struggling. then bad financial decisions and online shopping began taking their toll. >> i haven't shopped at sears in a long time but i used to shop at sears all the time and i'll miss it and i think it did fill a niche. >> for a lot of -- like for my parents it's sad because they grew up going to sears. >> reporter: sears' last profitable year was in 2010. they filed for bankruptcy in oc

lampert acquired kmart in 2003 and sears in 2005. smokesman for sears and hedge fund declined to comment. sears has more than a dozen stores, appliance outlets and auto stores in the bay area. reporting live, matt keller, abc news. >>> thank you. police in napa are crediting a middle schoolboy about informing them about a mass shooting. he attends river middle school. detectives say they found evidence the boy intended to target vicinity annual high school as -- vintage high school as well. he's been in custody. he threatened to kill the boy who gave the tip about the deadly plot. >>> at norcal rapist facing 22 charges. the charges stem from seven alleged victims in six counties. roy charles waller accused of targeting victims in northern california communities, including here in the bay area between 1991 and 2006. a dna match led to his arrest last year. waller worked at uc berkeley for 25 years. >>> this morning we're hearing from the attorney of the jogger who claims another woman bit her. a story we've been following since friday

chairman and former ceo of sears.the deal will keep 425 of the stores open if certain conditions are met. under the new terms, lampert must come up with a 1-hundred-20 million dollars in cash by tomorrow, as a down payment. the auction period for sears ends on january 14. it could take days or weeks to determine the winning bidder. lampert's bid is the only bid designed to keep sears open. (anchor) taking a live look at san francisco's embarcadero... another storm is moving into storm is another storm is moving into the bay area. (anchor) time now to check on our weather... with chief meteorologist lawrence karnow. lawrence karnow: we had a few showers today but most of them were light. doppler radar is now tracking more rain off the coast. rain will be heavy tonight before midnight then turn to showers. the winds will also be very gust and a wind advisory is up for much wi cotomorrow with highs only in the 50s and the low 60s. it should be dry on thursday before more rain moves in on friday and late this weekend. (vi

sears has a chance now to hang on.n revised his bid to try and buy the company right out of bankruptcy. the plan is not official but it's on the way. the fox business network hillary vaughn here. sounded like sears was done. >> shepard, right. before the auction that's happening monday that will decide the fate of sears, the former ceo has to put down a cash bid by tomorrow, $120 million, just to keep his bid in the running to be considered on option day. the bid is a $4.4 billion buyout to save sears from bankruptcy, keep 425 sears stores open, and save thousands of jobs. but a lot of people think the deal is too cozy, the hedge fund, sears owes the hedge fund at least one billion in real estate loans, that would be for given that make this go through a lot of landlords and suppliers waiting to get paid are encouraging sears to turn down the deal, just lick wi did a. >> shepard: we'll know soon enough, hillary vaughn in new york. after our reporting here, we will have a fox news update on facebook watch, a minutes-lon

>> becky sears. >> reporter: becky sears, the best friend and co-worker of murder victim kay parsons.is kind of a holy cow moment. this is the same woman next door to this house where there'd been a vicious beating. >> yes. it seemed an odd set of coincidences. >> and this is the back door of healing hands? >> this is the back door of the business that we got called to. >> reporter: as the sergeant pulled up to the scene, he learned becky had been working late on the company payroll. she was heading to her car when she was jumped. >> apparently when she had turned around, an unknown male subject wearing dark clothes and a white baseball cap rushed out of the bushes at her with a firearm demanding his money or next time it was going to be her face. >> reporter: that's when the assailant shot becky in the legs. >> the subject apparently didn't rob her, didn't take anything from her, but turned around and ran back into the bushes the way that he came. >> she's not known for doing the night deposits with cash. there's no cash here. >> exactly. not at this time of night. >> what's the targ

without a fix, sears will liquidate.ion is expected before the bell today we told you yesterday that analysts were forecasting a weak forth quarter for sam tongue sung the lex trorngs giants released estimates that were even worse than had been anticipated. the big headline is a 29% drop in quarterly profits because of weak chip demand samsung said that profit would remain subdued in the first quarter, but expects the market to improve in the second half of the year because of the release of new smartphones you can check that out, though samsung shares down by 1.6%. a big shortfall, and it has people asking a lot of questions about what else you might see in technology >>> another big miss from a south korean electronics company. lg said that its fourth quarter operating profit plummeted 830ers approximate from the same period a year ago. revenue probably fell 7% analysts blame thinner margins for high-end tvs and a smartphone business that continues to lose money, and that stock was off by 3.5% >>> when we return, gene

sears stays alive for now. the last-ditch effort to save the iconic american retailer speaking of retail, the one retailer you will hear about today. here's the question. can bath towels ease investor concern about a slowdown wake up, dry off, it's thursday, january 10th, and "worldwide exchange" begins right now ♪ ♪ >>> good morning, good evening, good afternoon i am brian sullivan. thanks for joining us on this thursday morning the market's little win streak we've been in has been nice to start the year today it might just be in jeopardy futures as you can see are down. dow futures off 150 points it is early, but there's a lot of red on the screen a number of big factors that are in play in the markets and your money today, number one, has got to be the d.c. drama president trump rattling the markets after storming out of a meeting over shutdown negotiations you've also got fresh comments coming out of china following those high level trade talks with the united states and third on your money market radar, th

just as newspapers seared news of the battle into the consciousness of americans, the wild west shows and the posters in particular feared the image of the plane -- seared the image where of the plane -- seared the image of the plain indian and you will warrior go into the national consciousness and popular culture. year americannd and popular cold and we with a wildly -- the real significance of the wireless shows is with them, they are exceeded -- shaping the american sense of history. in these shows, which are now just seven years after the battle, they are reelecting the battle. at this point, these shows and enactments become rousing fun. plain indian warriors are being presented as valley and formidable foes. the are being presented as a foil to justify manifest destiny. the westward expansionism of american settlers, which from an american point of view, necessitated confiding american indians and subjugating american indians. which, from an american point of view, necessitated confining -- while the wild with shows are still ongoing. the image of the plain indian warrior moved

there's one last chance to save sears. its chairman can buy it for $4 billion, but he's got to get the approval of a court, and this could be very well the last day in history for sears today. >>> the white house says it will order the irs back to work in the midst of the shutdown so americans' tax returns are not delayed. it's not real clear where the money to pay for that would come. it's kind of a non-story. as of now, you can't file anyway, shutdown or not. last year the irs started accepting tax filings in late january. >>> the consumer electronics show continues in las vegas. we sent our digital journalist jonathan bloom, over there, to take a look. here is a bit of his report. >> look inside, and you can see the future in ever more vivid color. >> this is lg's waterfall, it might look like a marvel of nature but it's 268 curved oled displays. past the grand entrance you find closets that take care of your clothes, refrigerators that order your food, a robot that brews beer. what is your favorite? >> i like ipa. >> r

sears has been around for so long and how many of us have purchased appliances from sears. >> with the catalog, it was a big deal. but if they liquidate there will be many fire sales meeting big deals on things like that. >> it is the amazon affect of more stores closing. >>> the visitors to the beaches in the australia queens land getting a nasty surprise with jellyfish stinging over 3000 people. the lifeguards temporarily closed several beaches. the jellyfish onslaught was the result of the strong wind forcing the blue bottles sure. >>> we have a pair of men that are called heroes after rescuing the couple in the high surf waving their arms and waving for help. they saw the swimmers caught in the rip current and getting tired. they paddled toward them and they had the man grabbed the ankle and alex got the woman. >> she was struggling trying to get inside and on paddled to the inside and grabbed the girl to let her rest on my board for a while. >> four high school students help the guys get the couple ashore. rescue crews arrived 10 minutes later and the swimmers were fine. >> most b

tomorrow sears and lam pert have a long complicated history.s ceo until the bankruptcy was filed in october he has his hedge fund spent years and lots of money on a number of complex engineering maneuvers to keep the company running and business isn't good. debt piled up. totalling more than $11 billion in liabilities sears and kmart stores deteriorated over time not refreshed, remodeled wasn't uncommon to see empty shelves and sears holdings hasn't made money in seven years. in 2011, more than 4,000 stores. around 700 when it filed for bankruptcy lam pert's bid aims to keep 425 of them and in the last full year report, annual sales of $17 billion. the stock high of $144 in april of 2007. when shares were delisted from the nasdaq in october, they were worth just 37 cents. now there is some silver lining for broader retail if sears does end up liquidating retailers like home depot and lowe's benefiting essentially from the donated share that sears has been giving in areas like appliances and then mall operators i talked to said when a sears stor

a hedge fund investor has just won a bankruptcy auction for sears.hat means it could save tensf thousands of jobs. basically the hedge fund investor plans to try to keep the store open. could save up to 45,000bs keep over 400 stores open across the country. some other creditors that w bted out sears wanted to liquidate the company saying it was worth more deadhan alive. but again, this may give reprieve to sears has been in a lot of trouble. folks my age know we bought our appliances from sears the toy catalog at chrtmas but the retailer was not able to keep up with newer competitors like .walmart and amaz aaron, back to you. >> see how they remp. chris lawrence for us at the live desk. thank you, chris. >> you're welcome. >>> now back to day 26 of the government shutdown, all eyes will be back on the white house today as the president invited a isan group of lawmakers to meet there. >> news 4 susan mcginnis joins us live from capitol hill with l theelihood these lawmakers will show up after what happened yesterday. good morning. >> reporter: yeah, t

. >>> still ahead, a last chance for sears.est efforts to rescue the retail giant as it faces liquidation. ation. over 5000 dishes proving dish after sparking dish that it's not just clean, it's finished. switch to finish quantum. recommended by ge appliances. needle sential fori because e like an "unjection™". xeljanz xr. a once-daily pill for adults with moderate to severe ra for whom methotrexate did not work well enough. xeljanz xr can reduce pain, swelling and further joint damage, even without methotrexate. xeljanz xr can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma have happened. as have tears in the stomach or intestines, serious allergic reactions, low blood cell counts, higher liver tests and cholesterol levels. don't start xeljanz xr if you have an infection. your doctor should perform blood tests before and while taking xeljanz xr, and monitor certain liver tests. tell your doctor if you've been somewhere fungal infections are com

the auction period for sears ends on january 14.ould take days or weeks to determine the winning bidder. lampert's bid is the only bid designed to keep sears open. (vicki) kroger and microsoft are teaming up to try to compete with amazon. the companies announced a partnership to bring digital shelves, price tags and advertisements to two pilot grocery stores in ohio and washington state. amazon previously announced plans to have up to three-thousand cashier-less stores by 2021... and walmart's sam's club has already opened one of its own. these options are designed to save time and money. with digital in-store options, shoppers can avoid long lines. employees can also can easily locate items to deliver to customers for pick-up orders. (grant) california is trying to cut down on paper waste. a state lawmaker showed this display of a staff member wearing a large receipt at the state capitol earlier today to make his point.today to make his point. printed on it are not items... but reasons democratic assemblyman phil ting of san franci

sears was just thrown another major lifeline a bankruptcy court giving sears chairman eddie lampart oney to save the company. his hedge fund, esl investments, has until 4:00 today to pay out $120 million deposit that would allow for a deal to keep the 425 sears and k-mart stores open and in play. sears, a 4:00 deadline for that $120 million deposit all right. now to your three top individual stocks today outside of sears. also in retail, jc penney says same-store sales during the holiday fell 3.5%. retailer also expects to generate policy free cash flow in 2018 to try to end the fiscal year with more than $2 billion worth of liquidity that really, really beaten up stock is up just about 1.5% right now. the ceo of herbal life is out. richard guttis stepping down after the company says it has discovered comments he made before taking the helm in 2017 that they consider contrary to herbal life's business practices. herbalife naming michael johnson, his former ceo, as its interim ceo. metlife saying the ceo steven kandarian will retire, and it will create a new position of noneconomictive c

retail news, sears will hold a bankruptcy auction for its assets today. the proceedings start at 10:00 a.m. behind closed doors in a law firm in new york city. last week eddie lampert submitted a revised $5 billion offer that would keep 425 sears and kmarts open and up to 50,000 employees working. it's unclear how that bid stacks up against others which are mostly from liquidation firms. if the bid loses, it is possible k kenmore and diehard could live on. >>> shipping news. fedex is testing residential delivery of bulky products. that's something that was traditionally left tow trucking companies because large items don't fit well into a courier center. that would be offered through fedex's freight business. they would carry washing machines and sectional sofas into your house and put them together. >> if they could do the laundry, that's even better. >> there you have it. >> thanks, frank. >>> coming up on "today in the bay," kari has a look at the forecast. >> we'll start out dry. we'll see rain by the afternoon. a live look outside in san jose at 101

just as newspapers seared news of the battle into the consciousness of americans, the wild west shows and the posters imageticular feared the of the plane -- seared the image of the plain indian warrior into the national consciousness and popular culture. them, they are shaping america's sense of history. now,ese shows, which are just seven years after the battle, at this point the shows and these reenactments become rousing fun. plain indian warriors are being presented as valley and formidable foes. the are being presented as a foil to justify manifest destiny. which, from an american point of view, necessitated confining american indians and subjugating american indians. while the wild with shows are still ongoing. the image of the plain indian warrior moved into the 20th century with the latest technological investment. in the battle of little bighorn is portrayed in silent films and in talkies all throughout the heyday of hollywood and 1940's and 30's, technicolor period of the 50's. well into the counterculture films. in 1925,silent films there is a film considered one of the gr

sears chairman is getting another chance to save the company. to compare the bid to save about 425 stores with alternatives. he asked put up of the deposit tomorrow to get to an auction. the new mexico government wants to cut the taxes to 10% on ipo's, as part of the presidents plan to boost growth in the financial system. it is strengthening mexico's pension plan systems. lets you log onto your bank account is now buying one of its biggest competitors. in up tomay be valued $200 million. in fact my goldman sachs it has sold its code to a popular finance app. it specializes in wealth management and brokerages. that's your business flash update. oracle founder larry ellison has emerged as the second-biggest individual investor in tesla for the holding in the electric carmaker worth about $1 billion. us andrying to do with obviously, a close friend of elon musk so perhaps in some ways not surprising. how important is it as a stabilizing factor for elon musk? >> there's an open question as to whether or not this was a missed opportunity on tesla ar

without a fix, sears will liquidate.ther words, one of the oldest companies in america, if not the world, will be gone. all stores will be sold off and shut down. a decision is expected before the bell today on sears. >>> switching gears to politics. president trump set to address the nation tonight as the partial government shutdown enters now its 18th day. nbc's tracie potts live in d.c. with more. >> brian, good morning, everyone all eyes are on the white house tonight. president trump dlifrg hits first ever primetime address from the oval office the topic, we know, is border security the question, will he use this opportunity to do what he has been talking about and declare a national emergency at the southern border? >> reporter: tonight president trump, salesman in chief, convincing america why he wants $5.6 billion to build a wall at the mexico border. >> i was elected to protect our country. that's what i'm doing. >> reporter: he is threatening to declare a national emergency to get the money if congress won't ap

sears is getting one last chance to save itself.francisco and san jose are the top two cities for minority entrepreuners. jane king is live at the nasdaq with those stories and more. ( jane )good morningthe bay area is a great place to be a minority entrepreneurs, according to a study conducted by online loan marketplace lendingtree.the study looked at the number of minority ness it down to businesses that bring i n 500-thousand dollars a year or more and have been in b usiness for at least 6 yearssears reaches an 11th hour deal to stay in business. attorneys for sears said they had reached an acceptable agreement with a hedge fund controlled by eddie lampert, the chairman and former ceo of sears.so sears started the clock on an auction period that ends on january 14.if you think netflix has been churning out a lot of movies, just wait and see what the count will be by the end of 2019.according to a barclays report released this week, the streaming giant plans to this 35 documentaries--and based on the average budgets for the genres

time running out for sears. the bankrupt retailer could be forced to start the process of shutting down today if it doesn't accept the only bid to save it. sears holdings had a deadline of this past friday to accept a $4.4 billion bid from the message fund run by the former ceo of sears. the bid called for keeping 4525 sto4525 -- 425 stores open. the deadline passed without any word from sears on the status of the bid. and the hedge fund also declined to comment. if sears does not accept the bid, it will likely have to ask the course for permission to start shutting down the business. is marrying tte a hearing is scheduled for today. >>> and "early start" continues on this day 18 of the government shutdown. president trump taking miss case to the american people in a primetime oval office address tonight on immigration.case to the american people in a primetime oval office address tonight on immigration. >> we want the symbol of america to stay as the statue of liberty, not a big concrete wall. >> democrats stan

and then there is this, the future of sears could rest with its chairman now the struggling retailer to let billionaire eddy lampert who will determine whether sears stays in business or forced to liquidate stores. creditors want the wind down the business, wants to keep 425 stores open, we should see, sears filed for bankruptcy in october. maria: carlos goshn story sin credible. at this point no new information has happened, they are still holding him on this idea that he hid his compensation when in fact, there's a compensation committee and a board of directors, dagen, you know how i feel about this because i just think it's outrageous but these are the rules of japan. dagen: right, actually, carlos goshn because he's not u.s. born you don't have the u.s. government at your back intervening in this situation. and so -- maria: like they did with greg kelly number 2 who is out on bail. dagen: with carlos goshn maybe the family needs to come out and use the media and talk more explicitly about it, because he's in custody in japan they are worried about care and safety quite frankly i

store chain is facing liquidation as part of an ongoing bankruptcy process but now the head of the sears holding company has submitted a takeover bid worth more than five billion dollars in an eleventh hour bid to keep the company afloat company will consider the offer which could save around fifty thousand jobs during a bankruptcy auction next week. on two new with more corporate news because like a german car maker for its fee its chrysler has also fallen foul of u.s. authorities and the diesel emission scandal it's now due to pay more than five hundred fifteen million dollars in settlement the u.s. italian company is accused of using illegal softer more than one hundred thousand of its jeep cherokee s.u.v.s and ram pick ups it however denies any wrongdoing the settlement is a far cry from folks like the german automaker let's not forget has already paid more than twenty billion dollars in the u.s. alone while fewer chrysler says it will issue an emissions we call for the affected vehicles but will not offer to buy them back. to delhi correspondent my actuator has been following this s