sales withered and losses ravaged the company debts became unmanageable but the bankruptcy of sears holdings as just so much richer and the restructuring in bankruptcy has a zero chance of succeeding where you have a response that i want to show you this chart this is the store count which is on track to zero from two thousand and eleven down down down when eddie lampert did is all sears kmart merger he was worth three to four billion dollars. jeff bezos at the time was worth approximately a billion dollars and i think he made the comment that bezos couldn't possibly compete for us now bezos is worth one hundred fifty two hundred sixty billion dollars and a lump or its net worth has dropped below a billion dollars. he was loud and in the financial press as the new warren buffett and i remember that i made the comment at the time that this was not going to be the case because warren buffett's empire is based on berkshire hathaway an insurance company which is the nuts way to make a lot of money if you just stay honest which is almost impossible new insurance or banking industry ninety nine pe

and related entities or sears holdings largest shareholders and largest creditors and what they have lent the company is secured by the company's best assets so the value of our assets that he has unlocked has already gone or will go to him and e.s.l. you and i were recently in a series in the past year it was bleak it was soviet like it was every all the workers were basically not motivated they were very unmotivated he couldn't find any help we walked around hello hello is anybody here and this was intentional because he already owned the best assets there was no reason for him to invest in any qualified workers for any building any brands here he had the best assets why why do anything more reminds me of serve philip graeme in the u.k. with. arcadia group where he made some acquisitions and then stripped out a billion pounds worth of equity in his wife's name in monaco and then you know left the arcadia group enormously and that is causing problems so eddie lampert is similarly of course being the largest owner and creditor at the same time another one of these things that used to

in the most recent fiscal years, sears holding sales totalled $16.7 billion. derably more than the scant market cap today just about $39 million today's youngest shoppers likely have no memory of sears in its heyday as the country's largest retailer older consumers will remember it as key shopping outlets and there's still sears homes that are still standing out there in this country as well carl >> wow unbelievable the catalog was once a thousand pages long crazy. >>> coming up, the outspoken founder of lululemon is with us today. plus, shares of softbank were down overnight investors nervous about the ties between the company and saudi arabia international pressures mounting we'll go to riyadh for the latest pressure on tech as the ndx is down 1% plus down 1% plus don't go away. that's great. but right now you've got your hands full with your global supply chain. okay, france wants 50,000 front fenders by friday. that's why you work with watson. i analyzed thousands of contracts and detected a discrepancy. it works with procurement systems you already use to

shares in sears holdings plunged by more than 30% on wednesday following a wall street journal reportkruptcy. sears, which also owns kmart, was once america's biggest retailer, but has struggled to compete with the likes of amazon and walmart and is grappling with a debt load of more than $5 billion. and now, what's trending in the business news this morning? the wall street selloff is the big story. business insider has an eyewatering figure. the 5 hottest tech stocks saw a staggering $172 billion of market value go up in smoke on wednesday. bloomberg counts the personal cost to the world's 500 richest people, who lost a combined $99 billion in the market rout. amazon bossjeff bezos's net worth went down by $9 billion. and cnbc says there could be more pain to come later. dow futures point to more than 100—point drop on thursday and don't forget, let us know what you are spotting online, use the hashtag #bbcthebriefing. the struggle by people to access nhs services across england is a growing ‘care injustice' which needs to be tackled now, that's the warning by the health regulator,

. >>> sears holdings, the parent company of sears and kmart, has officially filed for bankruptcy. the company hasn't turned a profit since 2010. by declaring bankruptcy, sears reached a deal with its creditors to keep most of its operations running for now, but it will close 142 money losing stores by the end of the year. in addition to nearly 50 stores closed by next month. among those closing are land's end stores. sears has slashed its workforce from 90,000 to about 68,000 empls. >>> when you're sick you want the right treatment and you want it fast. that's hard to get when you have infections that resist certain antibiotics. researchers say they've developed a new test that could change that. it helps identify super bugs within minutes, and that meanso there on the spot. they say the antibiotic resistant bacterias kill about 700,000 people worldwide each year. >>> they got married five months ago. now a royal baby is on the way. >> isn't that something? prince harry and meghan markle are expecting a newborn in the springtime. the news broke as the couple arrived in australia f

sears' holdings, the parent company of sears and k mart was among dozens of retailers to declare bankruptcy in thehe aman era. think of sears as amazon. s catals were a ssati splusing americans to mass-produced goods for the first timime. eventually sears became the largest retailer in the country. sears helped transform america's shopping habits drawing customers from their cars to the shopping malls shooting up around the country in the 19 0's. over the years, sears has had more products than customers as it was outfoxed by other retailers and made a number of strategic errors. >> it't's not really a place whe people have been buying lots of things. probably a decade ago when it came out and sears merged, two haves don't make a whole. it is a dripping away of a business. reporter: sears has been closing stores at a break-neck pace all year but is looking for a buyer for the 700 that remain open. observers now say even a bankruptcy will fail to save the name and that the company is likely to follow a number of other recent u.s. store chains into the retailers' grave yard. reporter: we are

. >>> sears holdings, the parent company of sears and kmart filed for chapter 11 bankruptcy this morning. it marks the collapse of the company that dominated the retail industry for much of the 20th century in this country. sears has reached a deal with its creditors to keep most of its remaining operations up and running for now, but it will close 142 money-losing stores by the end of the year with liquidation sales expected to begin soon, and that's on top of the 46 stores closing by next month. the sears and kmart stores still and roughly 70,000 employees. >>> facebook is testing an unsend feature its app. for those who decided maybe they shouldn't have sent it after all. screen shots from a user shows the ability to rescind a message, but with a time limit. in fact, like gmail's unaccepted, it has a 30-second window so you have to make up your mind pretty fast. it's not clear whether facebook will roll out this feature for everybody who makes a mistake in sending an off-color joke to their grandmother. guys? >> make sure you know who you're sending what to. >> sorry, nana. >> thanks,

sears holdings. the apparent company of both sears and k-mart plans to spend $130 by the end of the year. the company is drowning in debt and says they intend to stay in business and keep profitable, so online stores like wal-mart and home detoe. -- home depot. sears decided to close two in the bay area, another in santa rosa at the santa rosa plaza. >> new studies will point to something we have not thought about. it says global warming will cause a shortage of beer. wait a minute. that's because one of beer's main ingredients, barley, is sensitive to drought in extreme it will cause yields to drop, which leads to a smaller supply of year and higher possibilities. >>> speaking of heat, the heat is on for much of the bay area. >> that will continue all the way through the week, taking a live look towards the bay bridge. look, you can see everything, it's nice and clear and beautiful, but you know what that means? those temperatures are going to be chilling. livermore 61. that's not the bottom. those t

sears holdings, parent company of sears and kmart, filed for chapter 11 bankruptcy this morning, markinglapse of a company that dominated the retail industry in this country for much of the 20th century. sears has reached a deal with its creditors to keep most of its remaining operations running for now, but it will close 142 money-losing stores by the end of the year with liquidation sales expected to begin soon, and that's on top of the 46 stores closing by next month. the company still has about 700 sears and kmart stores. that's a small fraction of what it once had. and roughly 70,000 employees. >>> apple is donating 1,000 of its smart watches to a new study looking atating disorders. each participant in the study by the university of north carolina will get a watch to measureh. bn binge eats. at least 30 million people in the united states sufferro some type points, so it may be a>> a right, contessa. thank you. >>> just ahead, we'll take you to an old-fashioned mill where they've been making their own cider the same way for more than a century. moving? that's harder now because of

. >>> sears holdings filed for chapter 11 bankruptcy this morning. that marks the collapse of a company that dominated the retail industry for much of the 20nd century. sears has reached a deal with its creditors to keep most of its remaining operations up and running for now. it will close 142 money-losing stores by the end of the year, with liquidation sales expected to begin soon. that's on top of the 46 stores closing by next month. the company has about 700 sears and kmart stores remaining and roughly 70,000 employees. >>> facebook is testing an unsend feature for its messenger app. tech crunch says screen shots from a user show the ability to rescind the message, but you got to think fast. there is a time limit. gmail's undue feature has a 30-second win dough. you have to think fast on your feet. it's not clear whether facebook will roll out the feature to everyone. since we've all sent messages you shouldn't have, maybe it's a good idea. >> contessa i've forgiven you a long time. water under the bridge, it's fine. >> thanks, contessa. >>> hallo

sears holdings could declare bankruptcy as soon as tomorrow. hyatt is buying joie de vivre hotels.. founded here in san francisco. speaking of nice places in san francisco.. "the wing" opened its doors on tuesday. it )s a workspace for women.. and women only. there )s a similar club in new york. one of the meeting rooms named after doctor christine blasey ford. a strange story coming out of russia. the group accused of putting all those fakenews items on facebook.. and other social networks.. during the presidential election was attacked by a fire bomb. the english language "moscow news" says a company associated with the infamous "internet research agency" in saint petersburg was hit with a molotov cocktail tuesday night. this is surveillence video the comapany - now called the "federal news agency" posted to youtube. no one was hurt. back here at home.. google introduced a new tablet and a series of new phones.. at an event in new york city. in many ways this was terrible timing for google.. which is dealing with reports its google plus social network exposed people )s personal da

ten is close more than one hundred locations over the past year at the start of those closing sears holding operator roughly one thousand sears and k.-mart location. farther in the past sears was once the largest retailer in the world sears stock price plunged about a third from the previous day's closing price on the news going as low as thirty six cents before climbing back above forty cents in the long term perspective sirius stock price peaked above one hundred thirteen dollars back in two thousand and seven. and catching up with the quick shifting right hayling sector there's news to report on the hot battle for market share in asia first a writer hailing service from vietnam is seeking to become a regional player fast go that fast go founded in june of this year says they are raising fifty million dollars in capital to fund expansion into me m r and indonesia the company their apps developed by m p o s technology currently has one hundred thousand users second on a larger scale fastow's more established competitor grab based in singapore is pursuing an additional billion dollars of in

>>>ow from the nation's largest retailer to one that used to be.ba led department store sears holdings filed for bankruptcy today just before a $134 million debt payment was due. b sears hn struggling for years to increase customer traffic and stem a decline in sales. not at all whatbe might hav expected back when that company was the king of retail. the original amazon. >> reporter: nephew icons reached the heights that sears once knew. >> sears row buck when i was growing up was the big deal. it's very sad what happened. >> it first sold watches in the late 19th century. later its catalog sold pretty much any household itemnkou could tof, and in 1906 it became the first retailero trade stock at the new york stock exchange. brick and mortar stores began to appear in the 1920s, and sears started popular brands like craftsman power tools, die-hard batteries anden k moore home appliances. it gave at us satisfaction guaranteed or your money back policy. in 1973 it opened the sears tower in chicago, then the world's tallest building. later it sold it in e 1990s. in the 1980s sears bought c

shares in sears holdings plunged by more than 30% on wednesday following a report that the us retailng the filing ahead of a deadline on monday for a $134 million debt payment, according to the wall street journal. sears hasn't commented on the report. lebo diseko has more. it was once america's largest retailer and employer. now, it was once america's largest retailerand employer. now, sears could be just days away from filing for bankruptcy. the company has been described as being to last century what amazon is to this one, yet the once innovative, iconic store has failed to keep up with its online competitors. i think they had a really ha rd competitors. i think they had a really hard time modernising, unlike some other stores that have been kind of keeping up with the times, like walmart, for instance. obviously not as older retailer as sears, but they have been evolving for quite sometime whereas sears just kind of stalled in place. you have to be relevant online and in—store in order to survive and i think that the stores which were not able to do that will fall by the raeside.

drowning in debt the final straw was a one hundred thirty four million debt payment due monday sears holdings the parent company of sears and kmart is among dozens of prominent retailers to be clear bankruptcy in the amazon era. think of sears as the amazon of the last century its mail order catalogs were a sensation introducing many americans to mass produced goods for the first time. eventually sears became the largest retailer in the country and one of its biggest employers sears helped transform america's shopping habits drawing customers in their cars to the fast network of shopping malls shooting up around the country in the one nine hundred seventy s. but over the years sears has had more products than customers as it was outfoxed by specialist retailers which beating pricing convenience and it made a number of strategic errors including the acquisition of the ailing kmart shame it's not me in the place where people have been buying lots of things for a long time in fact probably the decade when decade ago when it came out and c.s. merged i remember saying to have stuff to make a hole

sales withered and losses ravaged the company debts became unmanageable but the bankruptcy of sears holdings as you have so much richer and the restructuring in bankruptcy has a zero chance of succeeding for you have a response to that i want to show you this chart this is the store count which is on track to zero from two thousand and eleven down down down when eddie lampert there it is all sears kmart merger he was worth three to four billion dollars. jeff bezos at the time was worth approximately a billion dollars and i think he made the comment that they couldn't possibly compete of course nowadays is worth one hundred fifty two hundred sixty billion dollars and a lamp or its network has dropped below a billion dollars. he was loud and in the financial press as the new warren buffett and i remember that i made the comment at the time that this was not going to be the case because warren buffett's empire is based on berkshire hathaway an insurance company which is the nuts way to make a lot of money if you. just stay honest which is almost impossible in the insurance or banking industry n

sales withered and losses ravaged the company debts became unmanageable but the bankruptcy of sears holdings as just so much richer and the restructuring in bankruptcy has a zero chance of succeeding for you have a response to that i want to show you this chart this is the store count which is on track to zero from two thousand and eleven down down down oh and lampard there it is all sears kmart merger he was worth three to four billion dollars. jeff bezos at the time was worth approximately a billion dollars and.

sears holdings, which also owns kmart, filed for chapter 11 bankruptcy protection on monday.ine competition from firms such as amazon and has been closing stores and selling properties as it grapples with debts of more than £45 billion. the firm employs nearly 90,000 people in the us, although that is down from 246,000 five years ago, and in its heyday it had more than 3,000 stores. it became america's largest retailer before being overtaken by walmart in the 1980s. superdry shares have fallen more than 20% after the retailer warned of a £10 million hit to profits because the recent heatwave hurt sales of winter clothes. the company also said it faced £8 million in additional foreign exchange costs. superdry shares down 20% after the firm warned that profits for its current financial year will be £10m less than it originally expected. warm weather in september and the first half of october has "significa ntly affected" demand for its autumn and winter products, it said. it also expects low to mid—single digit sales growth this year. as we've been hearing, hundreds of royal ma

sears holdings, which is the parent company of sears and k-mart...posed to make a 134-million dollar debt payment today... but couldn't do it. so the, once- dominant retail chain, has now filed for chapter 11 bankruptcy protection. born 132 years ago... sears, was once the nation's largest retailer and employer. it was the place to get everything from clothes to a new house... many of us remember getting the sears catalog. like most retailers, it's been struggling since the introduction of big box rivals like home depot and and walmart... and of course, online shopping."going with my parents, going with my grandma getting clothes, my dad would buy all the tools, we would buy the appliances. my buddies and i would go walking around the mall to see if there were girls from school there." 0:12 the company says they plan the company the company says they plan on keeping open the "profitable" stores along with the sears and k-mart websites during the bankruptcy process. right now, there are 700 stores that are still open nationwide... 8 are still open nat

shares in sears holdings plunged by more than 30% on wednesday following a wall street journal reporto file for bankruptcy. i think sally has just been talking about this story earlier on in the programme. sears, which also owns kmart, was once america's biggest retailer, but has struggled to compete with the likes of amazon and walmart and is grappling with a debt load of more than $5 billion. there's been a lot of attention on the indonesian island of bali this week. where the world bank and international monetary fund are holding their annual meetings. the world bank is well known for funding infrastructure in developing countries — roads, bridges and dams. today they have a very different tone. but in the last few hours, it has called on nations to rethink their priorities — and invest more in their people. it's launching a human capital index to score countries on how well they are doing. according to world bank figures, almost a quarter of children under five are malnourished 60% of primary school children are failing to get even a basic education. and 260 million kids in poorer

retail icon reportedly edging closer to a possible bankruptcy filing frank holland has more >> sears holdinge parent company of sears and kmart has hired advisers to prepare for a bankruptcy filing this could come ahead of a debt filing due next week. m3 partners has been working on the filing, though sears is discussing other options once the world's largest retailer sears has been losing money for years. it closed 400 stores since last year a bankruptcy filing would end years of efforts by eddie lampert to keep the company afloat the "journal" says lampert wants to restructure sears debt without filing for chapter 11. a special committee is weighing an offer that lampert offered earlier this year to by the kenmore brand but sears warns it could go out of business as it awaits for approval of that deal sears market cap is well below 100 million standing at about 64 million. >> a sad story thank you very much. >>> also in your lines, softbank is talks to buy wework we broke the news about their $3 billion investment in wework last year. >>> so much more to do on this busy wednesday interest

contessa >> sears holdings, the parent company of sears and k-mart filed for chapter 11 early this morningcumbing to a mountain of debt. the filing came as sears faced a $134 million debt payment today. the company reached a deal with its creditors to keep most of its operations running for now sears will close 142 money losing stores by the end of the year with liquidation sales expected to begin soon that's in addition to the 46 stores expected to shut by next month. the company has roughly 700 sears and k-mart stores and employs about 70,000 people. sears controlling shareholder eddie lampert has stepped down esl investments is in talks to provide $300 million in additional bankruptcy filing and potentially to make a so-called stocking horse bid for a large amount of sears stores lampert says he will press for sears to emerge stronger saying everything i have done as an investor has been with the goal of helping the company and its people succeed of course there are analysts who question that. sears stock is down 10% in premarket. it's fallen 90% this year. the company's market cap is b

take a look at sears holdings down 19% on the bankruptcy announcement. a chinese company down 6.3% in sympathy with some of the other chinese internet related names. investors shunning that area. we do have the dow transport up slightly higher. planes and trains helping at the dow transport with a little bit of outperformance on this monday. david: we appreciate that bright spot. coming up, the king of saudi arabia finds himself increasingly isolated over the disappearance of the saudi journalist. we talk with an expert on how they are trying to address the crisis. this is bloomberg. ♪ david: "bloomberg markets." this is -- this is "balance of power." a team has entered the saudi consulate in istanbul to conduct the search of a saudi journalist. president trump is sending mike pompeo to saudi arabia to see what he can find out about the situation. the president says he spoke by phone to the saudi king for about 20 minutes this morning. we are going to leave nothing uncovered. it with that being said, the king firmly denied any knowledge of it. .e didn't

be thrive what happens is there is no ability to catch your breath and regroup, then you get a sears holdingsomething that causes mass unemployment i know sears seems isolated. hardly a week negotiation by because they can't compete on the web. if i were a fed? some days i wish i were. i want the open market companies to get the ones destroyed by the hour otherwise the fed will do a better job than rate hikes ever kouchld every minute, they are trying to think of a way to eliminate waste and duplication. that's business finding ways to fire people. remember the fed there is more than it seems the courtesy they call industrial revolution you need to give all these displaced people time. they'll come back to the work force in places where they're most needed. in other words, can you stop and reassess given what i put out, they dictate hitting these isolated by tech people to get another chance at a job. stick with cramer. these techs in a lab. this builder in a hardhat... ...the welders and electricians who do all of that. the diner staffed up 'cause they all needed lunch. teachers... doctors.

sears holdings, which is the parent company of sears and kmart, filed for chapter 11 bankruptcy overnight. sears was the place to go for all kinds of american families throughout the 20th century, but it was upstaged by target and amazon. sears reached a deal with creditors to keep most of its operations running for now. but it will close 14 2 money-losing stores by the end of the year, in addition to 46 stores closing by next month. >>> if you're covered by medicare, premiums are going up, though not by much. you can expect the standard monthly premium for medicare part b will be over $135 in 2019, up $1. the annual deductible for medicare part b beneficiaries will be $185 in 2019. that's up by $2. >>> the increase is in line with previous estimates. >>> the hunters point ship yard is a massive piece of prime waterfront property in san francisco. it is slated for parks, shops and homes. but for decades, the navy performed radioactive operations at hunter's point. investigative reporter liz wagner has a look at the toxic pass and concerns from critics that the navy has failed to identify

point, maybe there was hope of saving sears from bankruptcy before but that moment nailed it >> sears holdingsoast about a day after it closed. that is the merger between kmart and sears roebuck. there was never a strategy that would have been viable the way lampert chose to run the business from day one. this is an outcome that just had to happen and the notion there's been some turnaround or transformation in place is just plain bogus. >> jerry, when you look at the lessons from this, is it mostly about leverage or is it about overall missing online and mobile they didn't have the money, they didn't have the capital to invest isn't that what this comes down to >> i think it's broader than that you have to be good at something to win in business, have a place where you have a sustainable competitive value. you see that with a tjmaxx or dollar general or walmart. best buy is doing spectacularly well being good on the internet is table stakes everybody needs to be good on the internet that's the future of the world but, first, you have to have a distinctive position you're better than other peo

. >> i know there's been more bad news for sears holding ahead of the holidays as the company has announcedhow many more closures are we looking for here and what does this mean for the company? >> so sears has been closing stores for a number of years now. hundreds of stores have closed. but unfortunately, not the end yet, as you say. according to.compa company fili they will look to close more sears and k-mart stores before christmastime. they have a number of debt repayments coming due, so it looks like more challenging times for sears. >> all right. and right before the holidays. thank you so much. >>> still to come axios's look at this morning's one big thing. >>> then on "morning joe," the fate of brett kavanaugh's nomination now in the hands of the senate. >> majority leader mitch mcconnell paves the way for a final vote. >> and the latest from capitol hill as republican leaders try to ultimately decide kavanaugh's fate. ultimately decide kavanaus fate when you have a baby gentle means everything to you and to us. so at johnson's, we improved everything. we used 50% fewer ingredients

sears holding has about 700 stores and 68,000 employees in this country. >>> thanks so much for beingm jim sciutto. it's just monday. at this hour with our colleague kate bolduan starts right now. >>> hello, i'm erica hill in today for kate bolduan. for the second time in less than a month, president trump set to survey damage from a major hurricane. minutes from now, he and the first lady will arrive in the florida panhandle where they will see first-hand the destruction left by hurricane michael, and it is wide reaching, extensive. in fact, it's tough to describe in words. first responders, relief workers, survivors trying to move forward. but there's so much to be done before they can get to that point. in many areas, there's still limited phone service if any, no power, no water. michael is blamed for at least 18 deaths, and in mexico beach, florida,

personally owns 31% of sears shares shoppers have been complaining of empty shelves and racks sears holdingsore than 4,060 stores today it has roughly 700 locations. as part of restructuring will close additional142 stores it is more than a market let's say $39 million. sears bankruptcy could be a positive steve is here it has been very difficult and a redeveloped former years is generating four to five times the rent that sears was paying i just want viewers to understand that just because sears is filing for bankruptcy it doesn't necessarily mean all of the malls are in trouble further because of this. >> thank you vur -- very much. >>> nasdaq is down 0.6%. we are well off of session highs. it has been an up and down session throughout the day it's not like we have a meaningful rally >> and the worst month since january 2016 we have a llfu report and what's leading it lower when the closing bell returns ss experiene across web and tablet? do you want $4.95 commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of trading specialists? d

sears holdings, the parent of sears and kmart has filed for chapter 11 bankruptcy protection collapsinges. sears was once the nation's largest retailer. the original everything store which in many ways was the brick and mortar precursor to amazon. the company started as a mail order catalog in the 1880s. 142 stores will close by the end of the year in addition to the 46 stores that are already closing next month. this is going to leave gaping holes in shopping malls across america and put tens of thousands of people out of work. as of today's bankruptcy filing, the company separates 687 sears and kmart stores and employs 68,000 people. that's down from february where it had 1,000 stores and 89,000 employees. and some good news for those of you collecting social security benefits. your check is going to get a 2.8% boost in 2019. for those collecting an average social security benefit of about $1400, the bump is going to amount to an extra $39 a month. this upcoming increase in benefits is the biggest jump since 2012 when the adjustment was 3.6%. every year the social security administrat

. >> shannon: sears holdings which also operates kmart will close in about 140 stores near the end of fox news alert. another possible high-profile test of president trump's immigration policy is coming. a large group of people from honduras is currently making its way north with the intention of coming to america, whether legally or not. here's corresponded william la jeunesse with more from our west coast bureau. >> a caravan of more than 1,000 hundreds heads to the u.s. border as the administration calls it -- considers a new policy called binary choice. families caught entered illegally can stay locked up indefinitely as the court continues their claim or surrender a child to a relative or government shelter. >> president trump: numbers in d last week as it blew through honduras. across the guatemala border, then mexico. before heading to texas or arizona to claim asylum. >> translator: there are no jobs. there is nothing here, and our kids, even the little ones are scared there are gang members. sometimes they come and destroy everything. >> and president trump took office he pro

cheryl: struggling retailers, sears holdings, is shutting down three additional stores, one sears and, another kmart closing in virginia. this comes just about a month after announcing it plans to close 13 kmart stores and 33 sears locations in november. the company has closed several hundred stores over the last several years. sears holdings faces a deadline this month to make a $134 million debt payment. well, toyota and of soft bank are teaming up to develop services that rely on self-driving cars. it's going to be called mo mone. services could include meal deliveries, shuttle busses for hospitals as well as vehicles that offer on-board medical exams. they hold a stake in ride hailing firms like uber. it's the first time they've come together, on the heels of this ge news yesterday that we brought to you on the program. all right, americans love tacos. today is, say it with me, national taco day. according to natio the website, americans ate over 4.5 billion tacos last year. taco bell is offering four tacos for $5. del taco, on the border, cold stone creamery are offering ice crea

sears holdings, whose presence permeated american life for generations, filed for chapter 11 bankruptcyin the graveyard of once-great retailers that failed to adapt to the digital age. for sears - which was the largest retailer in the nation before the rise of walmart and, later, amazon - bankruptcy marks the culmination of years of decline defined by store closures, sales declines, cost cuts and borrowing. the company, which also owns discount retailer kmart, has fallen into disrepair amid a perilous retail landscape in which customers increasingly shop online or seek out more-appealing alternatives. loser: elon loser: elon musk files patent for teslaquila is real and it's time to create a 'mecha' or giant fighting anime robot . . . elon musk tweeted about his love for a 2016 anime film and followed it up by saying it was time to create a "mecha," or giant fighting anime robot in the wee hours of sunday morning. while governments around the world spend hundreds of billions on weapons and defense programs annually, no major military has yet outlined a need for a giant robot that swings

. >> i think barra would have a different view >> speaking of real estate, sears holdings, these reportscture, 125 years in business. eddie lambert, is he running out of cards here? >> he's been able to take a lot of good assets from sear's this has been a slow motion train wreck. >> stocks not that long ago, it was at $1. >> a decade ago, $140. >> yes >> i knew a number of people who believed as a real estate play it is going to be able to create incredible values. >> we have looked at declining sales for almost that entire period double digits very often somehow though, don't you need them to go up at some point? >> this is bad news for home depot and lowe's, sears has been a share donor. >> he wants to restructure and not go the toys r' us roots >> right >> at some point he says get back to being positive maybe they can make it like the old sears. that'll be positive. >> some oretailers are having an morning this morning depot is up on hurricane there will be a lot of homes unfortunately. i have been there as a reporter, the last thing you want to do is be there yeah, i think that hom

sears holding, parent company of sears and k-mart, filing for chapter 11 this morning succumbing to a mountain of debt and failure to adapt to a retail changing landscape they faced $143 million debt payment today. sears will close 142 money losing stores. that's going to happen by the end of the year with liquidation sales expected to begin soon that's in addition to the 46 stores that are expected to be shut by next month the company has roughly 700 sears and k-mart stores and employees, about 70,000 people sears controlling shareholder eddie lampert will step down and his hedge fund esl investments is in talks to provide $300 million worth of investing in a statement lampert says he will continue for sears to emerge from bankruptcy stronger saying everything i have done as an investor has been with the goal of helping the company and the people succeed sears stock down 10% in the premarket. fallen 90% this year sad story. the company's market cap below $50 million. i remember when eddie lampert was, a, on the cover of "business week magazine. i remember when sears merged with k-mar

it was at highest yield in about four yields but did fall off of those levels >> sears holdings is reportedlyed advisers to prepare for a possible bankruptcy filing this could come ahead of a debt payment due next week. the "wall street journal" says m3 partners has been working on the filing, though sears continues to discuss other options. cnbc reached out to sears but has not received comment sears has been losing money for years and closed 400 stores in the last year. a bankruptcy filing would end years of efforts by eddie lampert to keep the company afloat the "journal" says lampert wants to restructure sears debt without filing for chapter 11. he sees that as risk for retailers. a special committee is weighing an offer that lampert offered earlier this year to buy the kenmore brand but sears warns it could go out of business as it awaits for approval of that deal >> we keep characterizing this as lampert trying for years to try to keep this afloat but he did that by stripping the place. i remember walking years ago into sears and kmarts and you couldn't find anybody. the cash registers

sears is ever. i grew up in rural, south georgia, and those catalogs are everything to me. even if you couthldn't afford , it was sort of the tangible thing that you could holdyour hand. >> sears expt and histor teacher jerry hancock, thanks so much for being with us. >> thanks for having me. >> woodruff: the midterm elections are less than a month away and president trump continues to hit the campaign trail. here to lay out where things stand, we' joined by tamara keith of npr and amy walter of the cook political report. hello to both of you. >> hello. >> woodruff: so the president has been out, seems like, every single day out on the traivment he was ohio, pennsylvania, kentucky, tennessee, tam, and he's headed out this week as well. is there a strategy here?s whate president hoping to do or is he doing? >> he has this western swing coming up where he's going to montana, arizona and nevada, and there'probably a different strategy behind each one of those stops. there are ompetitive senate races in arizona and nevada and montana, but montana may just be, e source told me, may just be getting back at john tes for what he did to go after ronny jackson, the wh

the dow holding 50 points. a dark day at sears, but don't ignore this year's silver lining. there is one. according to one of our top guests coming up with the closing bell ringing in 45 minutes, sears was once america's retail gold standard. outfitting the nation, but now that it's bankrupt, which names are rushing to fill the void and should you be investing in them now? last week major moves as them scratching their heads. is this the end of the decade long bull run? we've got the self-made alien or financial whiz who rarely make the market calls, but when he does his right. howard mark sees the current market cycle and how to make your portfolio keep rolling along. countdown coming right back. can i get some help. watch his head. ♪ i'm so happy. ♪ whatever they went through, they went through together. welcome guys. life well planned. see what a raymond james financial advisor can do for you. hey guys. today we're here to talk about trucks. i love trucks. what the heck is that?! whoa! what truck brand comes from the family of the most dependable, longest-lasting full-siz