as you say, toys r us has an online offering. arty as it were, and this is a problem to be high street names. they have the high street presence, and if they haven't adapted quickly enough and well enough online as well, they really struggle. then there are the costs of the overheads, all these massive stalls all over the world. you think of it asa stalls all over the world. you think of it as a store, a sign of the times. the high street is struggling. the shopping walls are struggling. the shopping walls are struggling. thank you. you should be asleep. we are just happy all the time. hello there. with a ridge of high pressure building in for tuesday, it looks like today could actually be the better day of the week for most of us. chilly start, mind you, where skies cleared overnight. temperatures in low single figures in some rural spots. here's the ridge of high pressure then. this weather system will be making inroads for wednesday. meanwhile, this is the weather front, which brought the rain during last night. and there could

what did toys "r" us do wrong? l, trevor, i think what happened with toys "r" us, honestly, shouldn't surprise investors. toys "r" us didn't keep up with the times. it's up in the slogan. ♪ i don't want to grow up ♪ well, you should have! kids don't want toys now, they want gadgets. they're hacking wikileaks on the ipads and etchy sketch doesn't have bluetooth. amish kids are like, connect four? where's the exploding hover boards? times are changing. >> trevor: that's interesting. >> what's with that mascot, stupid-ass giraffe? geoffrey, spells it with a g like a douche bag. that's not a kid friendly name. that's a dude that makes his own craft beer under a bowling ally. got no swag. the other thing with the stores, i'm not surprised people stopped going to toys "r" us. the store is too damn big. when i was a kid they had all the good toys up on the high shesm. my momma asked me what i wanted tore christmas one year, i said a forklift! to get up there. you know who did it right? the toy stores inside the mall. comin

toys 'r us made the chapter 11 announcement last night. here's kpix 5's betty yu on what this means for the retailer's future. >> reporter: toys 'r us is the latest big box chain that struggled as shopping moves online and fewer people go to the store. ♪[ music ] >> reporter: the once iconic tie store is now dealing with $5 billion in debt of which $400 million is due next year. toys 'r us filed for bankruptcy. the company said restructuring its debt will give them more financial flexibility. >> i'm sad and i'll tell you

do we think that amazon killed toys "r" us or that the bio back in 2005 killed toys "r" us cousin theyht buyout in 2005 killed toys "r" us? >> it is interesting to note that toys "r" us wasn't early partner of amazon back in 2006 and 2007. toys "r" us has a great opportunity to be a best buyer of their sect. -- sector. the problem is they never developed the infrastructure. part of the reason why they don't have infrastructure is all the debt servicing cost prohibited them. they needed to build the business for the future. look what theke a debt looks like. if you come into the bloomberg, it shows the purple is total capital. this huge blue bar is unsecured bonds and it outpaces total capital. you have debt at seven times. how does this shake out over the next 12 to 18 months? >> they are hoping it will be quicker than 12 to 18. it is going to get complicated because you have debt scattered across different pieces. you have holding companies and an empty tea and a prep -- and a property company. they will all be fighting for residual value. it will get convoluted here. at the end of th

she was not hurt. >>> new developments in problems that toys "r" us is facing. led for bankruptcy protection. what does it mean for them and their customers? live at the store in san mateo. lily. >> toys "r" us is hoping to emerge from chapter 11 as stronger and leaner company and loyal customers are cheering them on. >> they have these and put them together. >> collects "rick and morty" action figures, only can find at toys "r" us, but also simply prefers childhood store. >> after christmas, birthday or special occasions, go to toys "r" us. >> sentiment shared by many shoppers. faced stiff online competition while loaded with debt in buyout more than ten years ago. filing for chapter 11 protection can refinance and stay open while it restructures. ceo said today marks the dawn of new ear ra at toys "r" us where we expect the financial constraints -- >> i think they'll stay afloat. be smaller, like macy's and other retailers. but betting money, they'll be around. >> encouraging words loyal shoppers want to hear. >> big part of the community from one side of the c

kate rogers is at a toys "r" us in paramus, new jersey. ♪ i don't want to grow up ♪ i'm a toys "r" us >> reporter: despite the wishful thinking in the commercial, we all did grow up. >> when you look at retail, the way it's being portrayed in the market right now, it's under siege. there are some retailers that are challenged. toys was in that camp. >> reporter: when consumers are turning to online, the company says it plans to restructure $5 billion in debt. it planned an initial public offering in 2010, then reversed course in 2013. then it closed its flagship store in 2015. this wasn't always the case. toys "r" us grew from 350 stores in the 1980s to more than 1600 stores around the globe today. but as shoppers turned to the web, amazon is stealing market share. while the toy industry grew 5% in 2016, amazon experienced 24% growth in its toy sales. >> preferred is probably not leaving the house and shopping online. i typically don't ever really come to the store, especially toys "r" us. >> reporter: toys "r" us has not announced closures or layoffs. it expects to announce plans to

toys 'r us filed for bankruptcy. e company said restructuring its debt will give them more financial flexibility. >> i'm sad and i'll tell you why because right now it's walmart or toys 'r us. it's the last stand-alone toy store. >> reporter: toys 'r us has more than 00 worldwide stores -- 1600 worldwide stores. most of the stores are profitable and continuing to profit but sources says they plan to close some underperforming stores. foot traffic was light inside the toys 'r us on blossom hill road in san jose. >> i do agree that amazon and ebay and things like that make a huge difference but at the same time there are certain exclusive things that you can pick up at toys 'r us. >> reporter: in san jose, betty yu, kpix 5. >>> there's a new way to avoid lines at the dmv. vehicle registrations can now be renewed at some grocery stores. there are kiosks at 14 location in the bay area. the touchscreen machine designed for customers who need a need tags. you need your registration renewal notice or card. >> people spend al

she was not hurt. >>> new developments in problems that toys "r" us is facing. d for bankruptcy protection. what does it mean for them and their customers? live at the store in san mateo. lily. >> toys "r" us is hoping to emerge from chapter 11 as stronger and leaner company and loyal customers are cheering them on. >> they have these and put them together. >> collects "rick and morty" action figures, only can find at toys "r" us, but also simply prefers childhood store. >> after christmas, birthday or special occasions, go to toys "r" us. >> sentiment shared by many shoppers. faced stiff online competition while loaded with debt in buyout more than ten years ago. filing for chapter 11 protection can refinance and stay open while it restructures. ceo said today marks the dawn of new ear ra at toys "r" us where we expect the financial constraints -- >> i think they'll stay afloat. be smaller, like macy's and other retailers. but betting money, they'll around. >> encouraging words loyal shoppers want to hear. >> big part of the community from one side of the coast

fatally shot on saturday by university police. >>> we're learning more about the financial problems toys "r" usler just filed for perhaps protection. what does that mean for toys "r" us and its customers? lilian kim has more. >> awesome. they have the pot figures and these and you put them together. >> sara collects rick and mortgagee action figures, items she has only been able to find at toys "r" us. beyond that she simply prefers her childhood store. >> the day after christmas, every birthday and any special occasion, do good in school go to toys "r" us. >> that sentiment is shared by many shoppers who are hoping the company can work out its problems. they have faced stiff online competition while being loaded with a debt in a buyout more than ten years ago. by filing for chapter 11 bankruptcy protection toys "r" us can refinance and stay open while it restructures. in a statement the company's chairman and ceo said today marks the dawn of a new era at toys "r" us where we expect that the financial constraints that have held us back will be addressed in a lasting and effective way. >> i thin

toys r us has more than a dozen locations here in the bay area. , the fate of those stores is still unknown. (vicki) new tonight at nine... toys-r-us has filed for bankruptcy.the retailer is reportedly about 5 billion dollars in debt and has lost 164 million dollars just in the first half of this year. toys r us has more than a dozen locations here in the bay area. at this point, the fate of those stores is still unknown.kron 4's charles clifford is live for us tonight in the north bay at the toys r us in san rafael where he spoke with customers. charles well, we have learned in just the past few minutes that toys r us has in fact filed for bankruptcy. this afternoon, i spoke with customers here at the san rafael store who were sadenned but not really surprised. natsmonday afternoon,michele chan came here to toys r us to pick up a birthday present for her grandchild. she was sad to hear that the toy store chain is having financial troubles. sotit's sad. it's a staple of the community. we've had it around since my children were babies.but not everyo

. >> neil: in the meantime here, a lesson from toys r us, maybe for all of us after this. >> neil: all those toys r us kids facing a very grown up lesson and americans are ready to shop and spend big. our guys have the stocks, you should buy >> neil: boy i couldn't believe this one. no more fun and games for toys r us officially filing for bankruptcy. the top toy retailer facing the fate of so many others in the past like blackberry and the walkman, all category killers that eventually got killed themselves. been stein obviously a lesson here but what is it? >> ben: buyout buyouts are trying to get something for nothing they don't always work it's a very risky game the only people who come out are the investment bankers something to be aware. >> neil: could it also be sometimes they think being on top charles payne is a birth right? listen, there's no doubt they got stuck in the same sort of attitude a lot of big companies have and that's why they got bit by the thing called creative disruption. if you don't look ahead if you don't forward thinking no matter how large you are as a corp

. >> neil: in the meantime here, a lesson from toys r us, maybe for lesson from toys r us, maybe forw touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. >> neil: boy i couldn't believe this one. no more fun and games for toys r us officially filing for bankruptcy. the top toy retailer facing the fate of so many others in the past like blackberry and the walkman, all category killers that eventually got killed themselves. been stein obviously a lesson here but what is it? >> ben: buyout buyouts are trying to get something for nothing they don't always work it's a very risky game the only people who come out are the investment bankers something to be aware. >> neil: could it also be sometimes they think being on t

toys-r-us has 1600 stores, in 64,000 employees, and the company's filed important bankruptcy to restructure $5 billion in debt. the debt started when the company was bought out in 2005 , and since then, toys-r-us has lost business to wal-mart, target and on line retailers like amazon. in the past three years stores have seen a steady decline in shoppers. cbs news business analyst jill schlesinger believes the company could eventually be forced to shut down under performing stores. >> brick and mortar stores have been under great pressure , we saw radio shack go out of business this year, we say pay less shoes, the limited, this is not unique to toys-r-us. >> reporter: toys-r-us says vast majority of the stores remain profitable, the company says it will continue to honor return policies and customer loyalty programs, should remain as they are. so what if you have gift card for toys-r-us? company plans to honor them as usual and you should have plenty of notice if that changes. reporting for three on your side, i'm jim donovan. >>> as we continue tonight, they throughout they were buying bey

tonight, toys 'r' us filed for bankruptcy, they said restructuring will give them more financial flexibility. >> it seems like your choice is wal-mart now. >> reporter: toys 'r' us has more than 1600 stores worldwide, and 64,000 employees. tonight, the company said the vast majority of the stores are profitable, and continuing to operate as usual. but sources tell the wall street journal, they plan to shut down some underperforming store. tonight, it was pretty quiet in san jose. >> amazon and e-bay, they make a huge difference, but at the same time, there are certain things you can pick up there that you can't get anywhere else. >>> tom brady sharing his game plan for another five seasons in the nfl. in his new book, due out tomorrow, the quarterback and san mateo native credits his training methods and diet for maximizing performance, and keeping him on the field for a 18th season. he talked about his new book to cbs this morning, nora o'donnell. >> when you're an athlete, your coach looks at you and says, is he improving or declining player? and if you're where you're a declining player,

toys "r" us asian stores are reassuring shoppers they won't be affected by the us company decision to. the toy giant is a separate company jointly owned here in asia. the toy giant is a separate companyjointly owned by toys " r" separate companyjointly owned by toys "r" us and hong kong's fong retailing. thisjoint venture operates 226 stores throughout the greater china region and southeast asia and licenses an additional 36 in the philippines and in macau. in japan alone, toys "r" us has 161 stores. although sales at the stores have been rising, online sales and large debts have forced the us company to file for bankruptcy. the us state of massachusetts is suing equifax over the data breach which exposed the information of 143 million people, around half the us population. and the fallout is still spreading. equifax said the breach may also affect 100,000 canadians. this is said to be an extensive lesson for equifax. the average cost of the single data breach an ounce to $3.6 million according to a study by ibm. earlier i asked a member of carbon black whether the equifax hacking put

iconic american store chain facing major troubles, american store chain facing major troubles, toys "r" us ♪ american store chain facing major troubles, toys "r" us ♪ ♪ ♪ ♪ but he hasoke up wwork to do.in. so he took aleve. if he'd taken tylenol, he'd be stopping for more pills right now. only aleve has the strength to stop tough pain for up to 12 hours with just one pill. aleve. all day strong. ...better than a manual, and my hygienist says it does. but... ...they're not all the same. turns out, they're really... ...different. who knew? i had no idea. so, she said look for... ...one that's shaped like a dental tool with a round... ...brush head. go pro with oral-b. oral-b's rounded brush head surrounds each tooth to... ...gently remove more plaque and... ...oral-b crossaction is clinically proven to... ...remove more plaque than sonicare diamondclean. my mouth feels so clean. i'll only use an oral-b! the #1 brand used by dentists worldwide. oral-b. brush like a pro. it can seem like triggers pop up everywhere. luckily there's powerful, 24-hour, non-drowsy claritin. it provides relief of s

you always got to be on your seat for that but the toys r us thing? ri: well look this is a company do you really want to bring your 5-year-old child to a toys r us? wouldn't you rather shop online and not face the trouble of getting them into one of these stores where they go crazy for five hours? it's just the reality if you're a mom. >> oh, my goodness last time i went there i tripped over two kids and you know the thing is they do want to make mem want to come there. >> but that's in the middle. it's beyond their control and by the way, where is news week today? >> neil: online, right? >> barely. >> neil: all right i want to thank charlie, gerri, nearly half of all americans plan to make a very big purchase by the end of the year. our guys have the stock parodontax, the toothpaste that helps prevent bleeding gums. if you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. help stop the journey of gum disease. try parodontax toothpaste. ♪ >> all right, stocks to help pay for that major buy, charles

it's one of the largest ever by a specialty retailer the move comes as toys "r" us looks to relive its 4$4.9 billin debt load to reduce that the company says operations will continue as usual at its 1600 toys "r" us and babies "r" us stories around the world for the time being >>> let's focus on markets more generally. u.s. futures at this hour, standing positive, albeit only slightly we got gains yesterday,but onl slight gains the dow up about 10.35%. the nasdaq up 0.1% the s&p just in between. financials led the charge higher they were up a percent yesterday. we did see a nice move up in yields, which we'll come to, that fed meeting today utility sector was down a per tent asian equities have one stand-out performer today, the nikkei up almost 2%. it was closed yesterday, in part playing catch up to what was a positive session in asia yesterday. given japan was up 3% last week in light of a 3% move south of the yen, the size of this move today is somewhat of a surprise that move south in the yen has stemmed its move somewhat this week compared to last week elsewhere a bit of red, but

(steve) toys-r-us has filed for bankruptcy.pam) the retailer is reportedly about 5- billion dollars in debt... and has lost 164- million dollars just in the first half of this year. 'toys r us' has more than a dozen locations here in the bay area. at this point, the fate of those stores is still unknown.(steve) kron 4's charles clifford is live for us tonight in the north bay at the toys-r-us in san rafael where he spoke with customers. charles well, toys r us has been around since the 1940's and there are stores all over the world. now, it appears the companies fate is up in the air. here in marin i talked to customers who were saddened by the news but not everyone was surprised. natsmonday afternoon,michele chan came here to toys r us to pick up a birthday present for her grandchild. she was sad to hear that the toy store chain is having financial troubles. sotit's sad. it's a staple of the community. we've had it around since my children were babies.but not everyone we spoke to was surprised by the news. soti'm not surprised

giant amazon continues retail conquest, top toy seller in the u.s. >> this is a challenge that toys "r" uss having along with a lot of bricks and mortar. lot of competition from the digital world and they're feeling it. >> reporter: toys "r" us says will keep stores open this holiday season, change the experience, interactive spaces for parties, live product demonstration and place for kids to unbox toys and test them out. personal touch helps miracle mile thrive. >> retail is about personal connections at this point. you can get all the selection in the world online. when you get in-store is a personal experience tailored to your child's specific interests and needs. >> reporter: putting customers at center of the shopping experience online and off, nbc news, los angeles. >>> there's more to tell you about tonight. coming up next, home caught on camera swallowed up by the ground below. ♪ ♪ ♪ ♪ ♪ >>> take a look at this. caught on camera in central florida, sinkhole opening up beneath a home and suddenly gives way, breaking house wide open. thankfully nobody was hurt. the family salvaged s

business it looks like toys r us has just become toys are bust the largest u.s. toy store chain filed for bankruptcy protection on monday toys r us has taken a beating from competition with online shopping and to discount chains the filing is among the largest ever by a speciality retailer and casts doubt over the future of the company's nearly one thousand six hundred stores and sixty four thousand employees it comes just as toys r us is preparing for the holiday shopping season which accounts for the bulk of its sales. a mix trading across europe on tuesday in the wake of another strong rally on wall street the world's equity markets are waiting for wednesday's rate decision from the u.s. federal reserve expecting good news both the dow jones industrial average and the s. and p. five hundred ended in record territory in japan the nikkei also ended tuesday on a record two year high a week again under strong american markets are considered positive signs for japanese exporters. lots of positive for europe's largest airline but passenger numbers has issued a full l

now, toys "r" us, they do have more than 1,600 stores around the globe. employ more than 65,000 workers. they told us that could reach more than 100,000 workers during peak holiday season and they are not planning to close any stores or have any layoffs during this restructuring process. we'll take you through important numbers for the company. in 2005 they were acquired by bain capital, kkr and rinaldo trust for more than $6 billion n.2010 they began their filing process for an ipo and scrapped the plans in tween and in 2015 they did close their flagship retail store now, toys "r" us says all of its company rewards and loyalty programs and its gift cards will continue to operate and be valid as they use more than $3 billion in bankruptcy financing to continue their operations, but despite those assurances, we did run into some customers this morning that were rushed in here to use the gift cards on this news. >> we basically came here today to finish off using all of our gift cards rumor has it that toys "r" us is claiming bankruptcy, and once that happe

also coming up, toys "r" us files for chapter 11 bankruptcy. at that means for the iconic american toy store. more in his this. and a giant transparent wall is going up around the eiffel tower. the details on the security measure, coming up. but first, our top story. ♪ anchor: we start first in myanmar, also known as irma, where the leader has defended what has been called the "ethnic cleansing" of muslims. she declined any kind of human rights issue saying that anyone held responsible would be held account. this is the first nation since the attack last month which prompted a military response, forcing more than 410,000 rohingya to flee. groups many human rights frustrated and disappointed. reporter: and long-awaited speech that missed its mark according to human rights group's. amnesty international said that her government is still burying their heads in the stand -- heads in the sand. she's that you is ready to accept returnees. some hope the path will clear for the u.n. fact-finding mission, which was previously denied access to the country

be able to pick up anywhere else. >> there are approximately 1600 toys r us and babies are us storesd. sources say the company could close some under performing stores but for now the company says its stores will remain opened for business as usual. >>> well, still ahead on "eyewitness news,." >> history repeats itself. meisha. >> it sure does. there's nothing quite like accomplishing a goal or something you have wanted to do for decades. we're meeting a man who talk a walk down memory lane and definitely crossed off a bucket list i that's coming up. you each drive a ford (all) yes.ght? i'm going to show you a next generation pickup. awesome. let's do this. the bed is made of high-strength steel, which is less susceptible to punctures than aluminum. stronger the better. and best of all, this new truck is actually- (all laughing) oh my.... the current chevy silverado. current chevy owners and lessees get a total value of ten-thousand, six hundred dollars. or, 0% financing for 72 months on this silverado all star. find new roads at your local chevy dealer. >> candidates for new jersey

larry: later, what toys "r" us mean for you and the toys "r" us kids. alison: why girls at a high school are asked to send photo of themselves to the homecoming dresses to the school administrators before the big dance. >> hurricane harvey 200 miles offshore but is putting on a you myour joints...thing for your heart... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember. larry: fema is planning to look at ways to get people back in the flood-damaged homes faster. the norm of the storm damage home surpassed the agency supplies of the manufactured housing unit. the florida department of transportation will collect tolls on thursday. they have been suspended for two weeks to help with the evacuation and the relief effort surrounding hurricane ir

toys-r-us declaring bankruptcy. some good news for shoppers. company is not planning to close any of the 1600 stores. in fact, toys-r-us plans to compete with other retailers online. that may mean good saelgs. it says bankruptcy is the only option. >>> breaking news on the roads right now. we'll check in with dave dildine for a look at your commute. what's happening, dave? >> we sent chopper 4 to the scene. the outer loop of the joint base andrews. allentown road, exit 9. you can see the two cars get together. lots of debris to clean up. two left lanes, the only lanes getting by. this is in the long-term work zone. we'll tell you about the traffic jam it's causing. it's about 1.8 miles away. the traffic jam is well over two miles long heading north out of the outer loop. expect delays. wilson bridge to landover. that is the latest from the traffic center. back to you. >>> good morning, dave. we have the clouds around this morning. 68 degrees. a little bit of a breeze which we expected. because hurricane jose is right offshore. we're going to kee

toys "r" us filed for bankruptcy late last night. just as the toy industry is gearing up for the holiday shopping season. toys "r" us is the larger employees. the company reportedly expects most of its stores will be open for the holidays. >>> and equifax reportedly suffered a security breach in march two months before the enormous breach that could affect as many as 143 million americans. the credit reporting agency says the march breach was not related to the bigger hack that's already been reported on. equifax has hired a security firm to investigate both incidents. >>> well, iphone users will be getting a notification today that it's time to download the new ios 11. now, reviewers who have been using a beta version of apple's new operating system say it'll have a new control center and that siri will sound more natural and will be a little smarter. >> oh, really. >> yeah. i like siri the way she's. >> siri is pretty sassy. i don't know if i can handle a smarter siri. >>> when we come back a tour bus plows into another bus. hear wh

that's about 25% of toy industry sales are through e-commerce the second issue fortoys "r" us, toys " us is essentially a single product retailer. essentially they sell toys that makes it pretty much impossible for them to significantly price cut if they want to use price toys as a loss leader during the holidays walmart can do that and it won't hurt their overall resultses toys "r" us can't do that, hard for toys "r" us to compete against a walmart or amazon in the toy category stl th. >> that answered my questions. now what happens to them what do you think happens to toys "r" us? >> well, i think the company has said, and my understanding is that there won't be toy closures during this holiday season they're going to operate as much as usual, as much as they can, with their stores open and with toy suppliers supplying product. i do think in the very, very long term for the reasons i stated, they will continue to struggle they've done some interesting strategic things to stay alive. >> yeah. >> they do have declining negative same-store sales trends, as many retailers do today. >> i

toys "r" us, a quick descent into bankruptcy shocked debt traders this week.e asking which other retailers will struggle to harness their debt? investors are left asking, why did no one see this coming? still with us is priya misra, colin robertson, and greg peters. greg, that chart is stunning. we traded close to par after the last 12 months, then within two weeks, we rollover to $.29 on the dollar. why? greg: i think people were surprised by the timing. you think about the toys selling business, the peak season is heading into christmastime. i think investors were thinking they had a little more runway, and they found out they didn't. i think the toys arrest story is -- the toys "r" us story is an interesting one because it is a holdover of what happened last cycle. as part of the lbo boom 2005 deal that was extremely levered. it is less of a retail story and more of a too much debt story. i think you need to bifurcate and separate those issues and not paint retail under the same brush. jonathan: and colin, we can show that. the debt servicing costs of this

terry because it looks like toys r us has just become toys r. bost the largest u.s. toy store chain filed for bankruptcy protection on monday toys r us has taken a beating from competition with online shopping and discount chains the filing is among the largest ever by a speciality retailer and casts doubt over the future of the company's nearly one thousand six hundred stores and sixty four thousand employee years it comes just as toys r us is preparing for the holiday shopping season which accounts for the bulk of its sales. it's a very different story on wall street which was it was another record setting closing there on monday both the dow jones industrial average and the s. and p. five hundred closed at record highs the rallies are having a global ripple effect in japan the nikkei and it's tuesday with a record two year high a week again and a strong american market considers positive signs for japanese exporters. so a lot of happy traders let's find out how the day started here in europe danielle corporate keeps an eye for us on the market

and beyond toys "r" us filing for bankruptcy, heavy debt loads continue to haunt retailers.start with a big issue. why unwinding a $4.5 trillion balance sheet is apparently nothing to worry about. >> i imagine janet yellen is doing cartwheels behind the scenes at how well the market has taken the balance sheet reduction plan and announcement. >> the fed wants this to be like watching paint dry for us. this will be very boring. it is all preannounced. it was all very transparent. there was no surprise in the announcement yesterday. and so, i think we will be watching quantitative tightening in slow motion. >> i think that what she is trying to do is as little as possible. she introduced tightening in monetary policy, and she was trying to do as little as possible with the dots to keep them as unchanged as they could be in the next 12 months so beyond that they can make the policy changes. >> the crisis is over. we still have policy levers largely at their emergency crisis determined settings. so let's return on a methodical basis the policy levers to normal so we have the abi

toy store toys r us monica has a story here that's a very sad story terry because it looks like toys r us incorporation has just become toys bust the largest u.s. toy store chain filed for bankruptcy protection on monday toys r us has taken a beating from competition with online shopping and discount chains the filing is among the largest ever by a speciality retailer and cast doubts over the future of the company's nearly one thousand six hundred stores and sixty four thousand employees it comes just as toys r us is preparing for the holiday shopping season which accounts for the bulk of its sales while happy holidays. another not so happy story ryan air europe's largest airline by passenger numbers is canceling thousands of flights a rather unusual incident for the otherwise reliable kariya now ryanair meanwhile has published a long list with all the flights affected but that's little comfort for the airline's customers they demand answers the airline c.e.o. said they messed up the pilot's vacation i ten aris but not everyone is buying that . around forty to fifty flights are set to

he spoke generally about the importance of the rule of law in the united states. >>> toys"r"us is on e of bankruptcy according to the wall street journal, bloomberg and others. going into the all important shopping season, some toy makers might not ship products unless toys"r"us can pay on delivery. they lost $164 million first quarter of this year and are saddled with debt. >>> earthquake for hurricane relief, the reverend paul earthquake moore is leading the charge on a charity drive in philadelphia. they are collecting clothes, diapers, food, bibles and more. tomorrow, they'll pack it all up and send it to houston for hurricane harvey victims. >>> and radnor high school is showing off its new courtyard. the result of the student led fundraising effort. they cut the ribbon tonight on the 1100 square foot space outside the cafeteria. blueprints were drafted by studen >> >> this team is going along, almost looked like certain defeat for the phillies and boom! the phillies come back. >> a lot of fight in the team these days. the dodgers are the best in baseball, they have the best pitc

toys "r" us could be headed for bankruptcy.or chapter 11 in the next several weeks. the company's suppliers are behind the move. they say they are not shipping items unless they are paid in cash. toys "r" us has much of the merchandise for the holidays, but restocking could pose a problem. the iconic "rolling stone" magazine is up for sale. jann wehner plans to sell his portion. he sold 49% of "rolling stone yts in 2013 amid the industry wide drop in circulation. his company, recently sold the other magazines, the publisher of "national enquirer." >> it is a classic. >> it is. thanks, landon. >> mcdonald's happy meal is about to get healthier. they will switch to organic apple juice next month. they can get 1% or nonfat milk. last year, sales of organic groceries topped $43 billion. >> good stuff. >>> coming up, the temperatures feel like fall. >> cooler in parts of the bay area as we look outside in san jose, you can see the clouds overhead as we go through the day in santa teresa, 64 degrees. still some clouds in the mix as w

toys "r" us says it will continue to receive merchandise from suppliers. the bank said $3 billion in financing. toys "r" us lost business to big companies like amazon to sell toys often at lower prices. select colt announced it will accept amazon returned starting next month at 82 of its stores in chicago and los angeles. under a new partnership between amazon and kohl's customers can take their amazon returns to kohl's in the products we packaged and returned to amazon free of charge. the cup and he did not say when it would expand to other cities but kohl's will sell amazon products such as the echo and fire tablet at 10 of its stores. >>> frontier airlines announce new direct flights from san jose airport. they go into atlanta, cincinnati and colorado springs and are set to begin in april next year. that brings the total number of destinations out a san jose to 50 which is an all-time high. frontier had previously announced direct flights from san jose to denver. those are scheduled to begin next month and for promotion fares are as low as $39 each way.>

the toys r us suppliers including mattel and hasbro, each says that 10% of their sale goes to toys "rus. >>> last november's election and the aftermath gave the english vocabulary a big boost. the dictionary added 250 new words and meanings in light of the split and social climate. the word troll someone that is disruptive online alt-right and conceal-carry and open carry. and the last edition was in february when it added 1,000 words. >>> eequifax app suffered a breach a lot longer than they told anybody that there was a breach back in march not related to the hack thateased personal data of of 143 million adults. they may have believed they had the initial breach under control and then suspe suspicious activity again on july 29th. >> a team at mit made a break through on evacuations, a way to deliver every childhood vaccine as one injection. >> and boosters at specific times, the next step is to test them on patients. for what kids need during their early years. >>> the "action news" team is out working on stories beginning at 4:00. alicia vitarelli is live in the newsroom with a pr

toys r us filed for bankruptcy protection. e approximately 1,600 toys r us and babies r us stars around the world. they will continue to operate as usual. the company says it intends to use the bankruptcy protection to restructure its debt and establish a sustainable capital structure. the video streaming device maker roku plans to raise millions of dollars with an initial ipo. it's the leading manufacturer for small boxes that stream internet content. it holds 37% of the streaming internet market. it has yet to turn a profit since informs founded in 2002, but has seen a 23% jump in revenue the first half of this year. >>> and a hearing is scheduled today in the nfl's $1 billion concussion settlement case. the settlement took effect in january. it's resolved thousands of lawsuits including hiding the risk of concussions. she's concerned that former players may have been duped by claims service providers, lawyers and others. >> very interesting. thank you so much hena. >> new safety advice for young people thinking about getting

the power of streaming video takes center stage, >>> toys "r" us could file for bankruptcy as soon as this week. there are reports that the toy retailer has hired a law firm to address its $400 million debt load coming due next year. like its rivals, toys "r" us have struggled to keep up with the increase in online shopping, which has forced retailers to cut pieses. according to "wall street journal," some of the store's suppliers have reportedly held back on shipments unless toys "r" us pays for deliveries in cash. shares of mattel and has broke fell in simply today >>> the longtime cisco executive john chambers is stopping down. he's decided not to stand for reelection when he terms expires in september. he's stepped down as ceo about twoiers after 20 years at the helm, he served from 1995 to 2015, making him with you silicon valley's longe-tenured executives. the big traditional networks didn't feel instead it's streaming video. they take a like at the push into the tv game. >>> it was a momentous night on the red capital, making gains on broadcast in traditi >> "the handmaid's tal

we were singing the song to toys—r—us. and we were saying there we re toys—r—us. professional game to set up a team for gay, and transgender players. to set up a team for gay, and tra nsgender players. charlton to set up a team for gay, and transgender players. charlton has forged a reputation for what they tackle off the pitch as much as who they tackle on it, becoming the first team to have a l gb t team. we get incredible support. we hope to raise awareness and understanding of issues around homophobia and tackle discrimination in a wider context. created by charlton athletic community trust. gary gave up football for 12 years after he came out. now he is player/manager. any young player of their club, regardless of their sexuality, won't be afraid of being themselves. that is the key point. i'm one of the older players now, but i make sure players can be who they are and play the game they love. charlton has a well—earned reputation for tackling prejudice in football. the hope is with this team it will help promote tolerance and acceptance. not only in the sta

as online giant amazon continues conquest, top toy seller in that toys "r" us is having along with a s and mortar. lot of competition from the digital world and they're feeling it. >> reporter: toys "r" us says will keep stores open this holiday season, change the experience, interactive spaces for parties, live product demonstration and place for kids to unbox toys and test them out. personal touch helps miracle mile thrive. >> retail is about personal connections at this point. you can get all the selection in the world online. when you get in-store is a personal experience tailored to your child's specific interests and needs. >> reporter: putting customers at center of the shopping experience online and off, nbc news los angeles. >>> there's more to tell you about tonight. coming up next, patrick woke up with a sore back. but he's got work to do. so he took aleve this morning. he'd be stopping for more pills right now. only aleve has the strength to stop tough pain for up to 12 hours with just one pill. tyle