terry lundgren is taking shares from sears, from jcpenney. yes, yes and yes.s just a very well-run company, much better than it used to be. they just started their outlet. they only have a couple. that could be blazing, too. i just think this company is firing on all cylinders. great cfo, too. >> did you hear the end of "squawk on the street"? he went on the board of jcpenney. talking about a turn around there? >> he was saying turn around. look, i always want to wish a company that has 110,000 employees well. i have to tell you, macy's used this weakness that was created by ron johnson to really go after jcpenney. even more, sears. they're very head to head. and macy's was very competitive. and by the way, terry lundgren is a fair competitor but he is not collegial. he laughed at that when i said you're collegial against these guys. no, i'm not collegial. people have to understand the ceos of this country don't regard it as being any given sunday. they don't want to just beat whoever they're playing. they want the team knocked out of the playoffs. >> they do.

yesterday we had the great privilege of being in macy's perfume section when we interviewed terry lundgrend i said when you see these famous people on the bottle in perfume, how are they involved? he said, well, they are very involved. sir, when you get a tory perch formulation, is that tory birch working with someone in the iff lab to get a fragrance she loves? >> yes, in many cases that's exactly how it plays itself out, jim. the celebrities want to be part of the puzzle. they want to endorse something they totally support. it's really been terrific to see how many really want to be actively involved and get, frankly, very keen about the entire process. >> now, when you do something like that, you've got several kinds of different flavors and fragrances. i mean, is it just trial and error? do you say, listen, how about this one? this one works. how do you be sure it's not somebody else's smell? >> well, all of the formulas and fragrances we have are unique. there's really a mindset which says here's how i want to position the flavor or the fragrance. the celebrities get involved in the f

recall that sit-down we did with terry lundgren, ceo of macy's, who said the holiday season's going welling echoed by manny chirico of pvh. how about the fact there isn't just one takeover in the air but two, the time warner cable and t-mobile deals and both have been climbing higher in the process. let's not forget the aig sale and lsi. how about taking off the table the biggest fear of january? the potential of a government shutdown. isn't that huge? nothing's a done deal in washington. i'm very worried about another debt ceiling debacle in february. nevertheless, there does seem to be a short-term cessation in the rancor. it doesn't matter to these people, does it? all these people think, think they care about is the federal reserve's decision on wednesday. the fed changes to a more hawkish position. these people are telling us, well, if they slow down their bond buying, if they say they've accomplished much of what they thought they could accomplish, then these commentators are saying we're going to have an immediate decline of some magnitude. what magnitude? i don't know. judging by

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here's what terry lundgren told jim cramer about their macy's outlet plan. >> we can put them wherevergrowth, it's not in the numbers, i don't think. >> that's an uptick. and i wanted to get it right. we're now getting it right. >> outlets will start to look more like traditional malls in the future which may not be a good thing. >> i guess for the mall operators. >> yeah, exactly. exactly if you have these full-line stores at an outlet and it's a blend of the two is that really offering what shoppers want if they go because they get this value at a lower price. >> what macy's -- what macy's was telling jim cramer, what terry lundgren was saying, they'll put these stores in, but they are full-price stores. >> exactly. macy's does these blumi bluming. and that's a full line regular macy's store. there's traffic, sales, people are going there and they're experimenting with it. they're taking their time as lundgren was saying, seeing if it resinates and if it works, they're going to take the time to get it right. it could be an interesting strategy as long as they don't go too far and it

terry lundgren is selling stuff. >> and everybody online is selling things. that was up 20%. i don't know if we're measuring things properly. >> there should be an overall -- if you add them altogether, it should be above last year. >> never actually had a down year. have we? >> you know, that's a really good question. i want to go back and look. i can look at 10 or 12 years at a time. i'll check that out. i don't remember a down year, but let me go back and double-check that before i say it. >> i have asked many times. i see we're going to talk about something that john williams said. do we have anything? anything? >> there you go. >> thank you. fed expectations are obviously playing into recent moves. in an interview yesterday, san francisco fed -- oh, it's not -- oh, never mind. san francisco -- why would the other guy be talking about the fed, anyway? san francisco fed president john williams argues that the central bank needs to be more aggressive in providing detail on what would eventually lead it to raise interest rates. wow. really? he says this will help prevent unc

of some of these jobless went fits, some of the discounters having a little -- when i talk to terry lundgren for me to jive the negative with the positive. i wonder if walmart and target are just challenged. they're not the barometer they used to be. multi-channel on fire for macy's. >> did want to take a look at shares of scripps, after yesterday, a lot of that chatter out there. they did get a down. hey, it ain't cheap, or in his words, it expensive. earnings second only to discovery, which does have that more expense of currency but perhaps because it is growing at a faster rate. how serious are things between these two in as i reported yesterday, it kind of a gray area. they talk a lot. there might certainly be a desire on the part of discovery to get something done. the question is whether they really have a willing partner in description. we tack a look at shares of discoveries he's sold 2 million depository shares earlier in the week when it was 140. it was done 15% yesterday, icahn enterprises. >> a caller last night said isn't this icahn calling the top? i said he's an individual st

they report this week, macy's told me, terry lundgren, finish line owns their concessions in macy.sly. i'd buy the stock. >> and then citi on yahoo!. >> sum of the parts. >> more whole foods tonight? >> people have to understand the last quarter wasn't that great. they guided down their same-store numbers. if you think like that, you're going to be the guy who sold whole foods at 7 in 2008 when it traded at only two times cash flow. don't make that mistake. this is a long-term story and these guys are indeed visionaries and i don't credit many people with being visionaries. >> we'll see you tonight, jim. we'll get home builder sentiment after a short break. the american dream is of a better future, a confident retirement. those dreams, there's just no way we're going to let them die. ♪ like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does. that's what they can do with you. that's how ameriprise puts more within reach. ♪ just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found

so, this is a company terry l d lundgren, ceo, executing well and stock pickers are rewarding well.are split on the stock. 50% polled have a buy rating -- >> i hate going sgu intoou a macy's store. flagship macy's store. they're sometimes dirty, floors are broken up. >> i agree. >> the escalators -- old eve escalators. it's not a great experience. they do this in spite of themselves on the flagship side. >> fair enough. >> they have 800 stores and you're picking on one? they also own bloomingdale's, by the way. >> if they don't get flagship -- >> it's in new york, tourists -- >> macy's being flagship of the chain. even san diego store i was in last week, same thing. >> i'm going to say this, here's the thing about macy's is that they're so big, this is where they are strong, they are now the walmart of department stores. i mean that in a good way. they are pushing around suppliers, squeezing every ounce of profitability. used to be suppliers had the power. macy's roll up, and jan kniffin would agree with that, now they wield the hammer, they have pricing control. >> and they're yiel

if you just listened to terry lundgr lundgren, he would have told you mikey would have a great quarter everyone felt they had a good quarter last time and they would deliver again. no, the quarter was not so good. >> allergan. >> there's a lot of talk about botox doing better. this restasit, their tear drug. doing a great drug. >> amazon. >> there's price tags rising. everybody loves it, love, love, love. which is loved more, amazon or twitter or facebook? that's like who is more loved? >> that's a good one for next year. >> it's about love. do not confuse things. it's about love. >> what's on "mad" tonight? >> we have paychex on. this is the first time they've been outright bullish. keeping with the gdp -- what are you doing with herbalife at 12? i will stop and watch it. >> i guaranty we will do it at 12. >> and can you please beat the cowboys. if you beat the cowboys, i'm going to go to new orleans and see my daughter. >> it's all on cousins right now. >> cousins never misses a show. >> shanahan, can you make it happen? come on. >> simon hobbs join us. >> the ceo of blackberry will