strickland.ing by we are joined by terry lundgren. let's start off with you. morning are a little bit of a reaction. reaction.ss, a big numbers had a small miss on expectations. >> a small miss on expectations. analysts were noting that this is an issue. the airlines noted that the slots and takeoff slots were the biggest space. that really puts pressure on yields. that is what they noted and it is something that would be very positive for them. their positive about the business plan and that is giving them a bit on earnings. >> they had a great run. it made a premium and we had a clear divergence. they are taking a more high end of that for longer. they go to recognized airports and that has worked. have we gotten ahead of ourselves? >> is a high level of expectation. at the pressure on yields that has carried and it is a lot of capacity added by them. we see two things. and averagestors over 90%. as an industry veteran, it is good going. and theds are rising pressure is in the key market. we are moving in the same it has showed to be adept at moving capacity

terry lundgren joins us to talk about all this. as he says, very different events.theless, you have this sense that the aviation industry must be thinking about what is happening, drawing a few lines. certainly the traveling public doesn't think about different planes, different places, different problems. >> it is telling that the international transport association put out a statement last night saying how sorry they were and how -- what also pointing out that 3 billion people flew last year. 100,000 planes land every single day. it is a safe industry. if you look at the safety stats over the last few years, even in africa, it is becoming a safer industry. this is very tragic. the number of people killed this year is more than the past three years. each of these incidents will be something that airlines will -- learn and draw some from and proceed. >> bring us up to speed with the latest on the algerian flight. they discovered where the crash site is. >> there was a french military drone that found it plays last night. confirmeder went and that that was the plane.

>> always bet on leadership, so it's macy's, terry lundgren, and also the great people they have hiredser their new.com. division. nordstrom's, everyone on nordstrom.com. and crawler. some of the best retail leadership talent. liz: kroger of course is a grocery store, but that counts as retail. >> ingredients for wild car ppc, pork prices skyrocketing. the chickencoming hitting two-- 52 week highs is the one what to discard the next cold come i can get a share loser. macy's is gaining shares . liz: j lo has a line at kohl's. i guess that doesn't count. >> sears and potbelly on the restaurant chain side. liz: had to quickly ask about jcpenney because we have someone this hour who is like it right now. down so much it can get a turnaround. >> liz, for institutional investors we have told them to run from jcpenney's. if you want to j invest in to the jotted. liz: j goat for j.crew. good to see about. thank you. closing bell, we are just 40 minutes away. go big or go home. why are next guest you should double down on small, but it might be worth taking that risk for the bigger reward. stay

terry lundgren is here. how did they see the year painting out?ompared to last year. the low end of their range is 14% better than last year. one has to wonder if they are being cautious, giving that they have flights to tel aviv. aw an increase in load factors. a strong summer. everyone was wondering how the summer would pan out. wondering, is this going to be too much? is it owing to push down prices? you mentioned the flight to tel aviv and moscow. what is the sense about how concerned they are about their businesses to those locations? >> i was in amsterdam last week. i was speaking to carolyn about that. she was pragmatic about iot. she said, we will deal with it as it goes on. she was positive about their customer base in moscow. they are probably over there. >> are they picking up a lot of business focus in moscow? theysolutely. everywhere are flying in europe, they are focusing on this business. i have used them a couple of times and have had to change tickets. it is not as gruesome as other airlines. >> that is a posh ticket. >> i had a b

. >> reporter: macy's ceo terry lundgren met with all three. is it that you could save a company? we've seen quite a bit. someone has advice for almost any subject they bring up. >> reporter: i can see why the companies want to work with you guys but what's in it for macy's? >> if we can find a company that is going to have a new idea that we can benefit from we want to be helpful for them getting off the ground. and if we can create new jobs in the technology sector that's good, too. >> reporter: by the end of the program all eight tech companies pitched their refined business plan to a room of potential partners and investors. how different is the message from perch from then to now? >> i think it's about simplifying the message. what we're communicating. the key that is successful for us is making sure that we're communicating the right thing to the right group of people. >> reporter: none of the retail companies have any obligation to work with the tech startups in the future. but to be fashion forward, they'll have to be tech-savvy. >> i think the smart companies are realizin