i work for toys "r" us for 30 years. anager in the florida store. to find out that toys "r" us was going out of the business was devastating. something we didn't expect. when they announced they would close the store at the beginning of the year, there was a communication that went out that said, they're going to close the first 182 stores. team members will be placed at another store or be given a severance package to help through the transition. a month later they said there is no severance pay. because of the bankruptcy filing. >> steve: it's worse than what i laid out. it's not just that they left you with nothing, they broke a promise that they would protect you through this. >> correct. toys "r" us, for seven years has paid out severance pay when they close down the store or eliminated the position. this time they said no because of the bankruptcy laws. however, the executive bonuses -- >> steve: i can imagine how you feel. i don't want to make the pain worse for you. i just want to ask you in a more positive way, w

or stitch fix >>> and one of america's most iconic toy stores has closed it may be game over for toys r us, but what does it mean for toys and toymaker hasbro >>> and it's a company that works with the likes of adobe, ebay, city struch group, and it's partnered with ibm. is it worth considering mongo db wow, i've got the ceo. so stick with cramer >>> don't miss a second of "mad money. follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. directv gives you more for your thing. if you've been waiting for a sign to quit cable, then here's some signs. it came from the toaster. now you can quit cable. switch to directv and now get a $100 reward card. more for your quitting cable thing. that's our thing. call 1 800 directv. ♪ >>> it's mea culpa time. last november we ran a piece, a little company called stitchfix. sfix that had just come public even at a very intriguing story, it's basically a style as a service company where you subscribe and get curated shipme

a first we're going to look at a company you and i will have known from growing out and that was toys r us which was a big successful company you know it just sold all these toys for children and it was very it was all over the place but then private equity bought it out and now the company insists no longer well this was in three days the last toys r us store is di m.p.e. firms behind it question mark well on june twenty ninth that's remaining stores in the u.s. closed and then it's over for the iconic retailer one more victory for p. e. firms private equity there plowed into retail during the leveraged bio boom before the financial crisis lowden the them up with debt and washed them collapse and what i have come to call the bricks and mortar meltdown toys r us is just one of them p. e. firms kohlberg kravis and roberts vornado realty trust and bain capital acquired the publicly traded shares of tories are asked by a six point six billion dollar leveraged bio in two thousand and five they funded the act was just in large part by loading up their. wired company with debt hence leverage buy

heartbreaking. >> reporter: toys "r" us was fine founded in 1940. any grew to become the biggest toy seller in america, with more than 800 store locations. in march, toys "r" us announced it would shatter its remaining stores, following financial struggles, increasing competition, and sales. >> this is probably more of a story about mismanagement, not just a digital story. it is not just amazon took our business. it is that we did a deal with too much debt, we were not smart enough to expand our online footprint, fast enough. and, we mismanaged the process. ♪ >> reporter: as shelves emptied, and doors closed, tributes and memories of toys "r" us were shared online. >> they told us we would have severance. >> they told us we would have severance! >> reporter: meanwhile, the change liquidation has left some employees with hurt feelings, about 31,000 workers were told they would not receive severance pay, as part of the bankruptcy agreement. but, the toys "r" us name may not be gone for good. it, and trademarks like it mascot, jeffrey, will be auctioned

amazon reportedly isn't wasting any time in capitalizing on the demise of toys-r-us. azon may not have physical toy stores but it may be looking to fill the void toys-r-us leaves behind. it's exploring printing a holiday catalog that could end up in mailboxes and its whole food stores. the online retailer has been putting out some form of a hot holiday toy list, though, for many years largely though in press releases orren its website. for kids like toys-r-us' big book catalog it's a physical representation now there's a pretty big white space for other toy retailers to fill so a toy catalog isn't that far-fetched an idea. so when it comes to which retailers are absorbing the sales that toiz r are us was grabbing, analysts say it's going to be split. estimating between 60% to 80% of those toys-r-us businesses will be absorbed. toys-r-us carries more specific toys than other retailers are going to be able to find space for. amazon is actually the third biggest seller of toys in the u.s. behind target and wal-mart. and amazon, though, is at least growing its toy share fa

the first we're going to look at a company you and i will have known from growing out and that was toys r us which was a big successful company you know it just sold all these toys for children and it was very it was all over the place but then private equity bought it out and now the company insists no longer well this was in three days the last toys r us store is die m.p.e. firms behind it question mark well on june twenty ninth that's remaining stores in the us closed and then it's over for the iconic retailer one more victory for p. e. firms private equity there plowed into retail during the leveraged bio boom before the financial crisis lowden the them up with debt and washed them collapse and what i have come to call the bricks and mortar meltdown toys r us is just one of them p. e. firms kohlberg kravis and roberts vornado realty trust and bain capital acquired the publicly traded shares of tories are asked by a six point six billion dollar leveraged bio in two thousand and five they funded the act was just in large part by loading up their. hired company with debt hence leverage buyo

street was looking for even better management made it clear the problems caused by the closure of toys r us now in the rear view mirror they have a path forward coupled with rising demand from consumers. let's take a closer look with brian goldner, the chairman and ceo of hasbro to hear more about the quarter and where his company is headed. mr. goldner, welcome back to "mad money." >> hi, jim. >> congratulations you came on last quarter and you said you could navigate this tell us how you were able to put the toys r us collapse behind you so quickly >> well, we've continued to focus on building great, innovative products on entertainment and storytelling, and then modernizing our organization all around the world. >> our u.s. team did a fantastic job of continuing to manage through the liquidation at toys r us which is now complete, and now we're lining up for share recapture plans with the remainder of our retailers building bigger programs for the holidays, working with the retailers we worked with for years, adding some new retailers and new exciting categories around gaming and fans an

. >>> toys "r" us shut down for good yesterday and one person at got every single toy on the sale. the toys "r" us said they won't say who they were but bought the rest to donate them. >> it is like christmas in summer. >> thank you for joining us and i'm >>> tonight, across the nation, massive protests. tens of thousands marching in more than 700 rallies coast to coast. demonstrators urging president trump to reunite children taken from their parents under his zero tolerance immigration policy. >>> security breach? did a comedian trick the white house into putting the president on the phone? the bizarre incident raising questions tonight. what one administration official now tells abc news. and the latest on the president's search for a supreme court pick.th what court documents a revealing abe promdo. >>> dangerous heat wave. more than 120 million people set to feel scorching temperatures from the plains to the northeast. >>> brawl on board. a passenger head-butting a flig

the company says declining sales are tied to the toys 'r' us bankruptcy. following the announcement ... mattel's stock dropped eight percent. ( robin )the list of products

this a bad thing for us they're going to be pushing people out of business not just sears not just toys r us other people tell us if we have time i want to get back to amazon but i want to get sort of the bigger picture here to melissa on what are the bright spot sort of the areas of retail that are doing well is it restaurants is it you know sporting goods what is it that people are really going after now. well they only have the only stock that i like that seems to be doing well that's attempting to compete with amazon is target target is still holding very very strong they came out with their own thing in the last couple days where they're offering a lot of sales to try to compete alongside the amazon prime day you had other retailers doing that too macy's is doing like a black friday thing but the stuff really doesn't look that great macy's stock is not an uptrend target looks good and they're trying to compete with amazon and go toe to toe because the prices there are good and they do have brick and mortar stores are getting people in but i'm telling you it's a problem one march stop do

. >> the end of toys r us does not have to be the end of its mascot geoffrey. >> going to break withprip that's going to take place this morning. it's in woodbridge. let's see. holly t morris is going be there, tucker is going to be there andil sol tony perkins. so a good time should be had by all. al right. 4:51 is the time right now,ur temperat 80 degrees. back in a moment. >> ♪ >> ♪ ur ikea, we believe perfect student deserves the perfect room for the perfect price. e? and... who's hey. a boy? you never told your dad and me about any... it, what's going on now? move thelag. ♪ ♪ move thelag. supen emma just about sleeher cape. i'm super emma. but when we realized she was battling sensitive skin, it's gentle on her skin and takes care of stains better than the other free and clear detergent. sohehe can focus on savi world, dermatologist recommended. help from dad. it's got to be tide. savi world, milk and fresh cream, and only sustainably farmed vanilla. it's made with fresh cream... sugar... and milk! breyers. the good vanilla. we proerly partner with aman farmers foe a milk and cr

i need a place since toys r us closed, greg. [laughter] >> deared god. dear god. >> although he's got a valid point. the joy of a flask. greg: yeah, you know, a flask -- you can't carry them anymore because you're always being frisked. you used to be able to take them to concerts -- >> or on airplanes. >> wait a minute, it has to be empty. >> i'm saying you use to be able to. >> oh, okay. not that i've ever been held up with a flask in an airport, but one would think liquid, you know, can't get that through. greg: the other cool thing about drinking at home is it forces you to make your home less depressing. build a little bar, a little area to drink. it's kind of nice. >> it depends on the person, greg. you might drink because your home is depressing. [laughter] >> i sit around -- >> white russian it up while watching law and order. why are you acting like that? just leave many -- me alone. >> i sit around drinking wipe out of mugs. that's depressing. i don't think it's a problem. it holds things, and they have handle. they have a handle. it makes it ea

the toys "r" us mascot has started his second career. ters to a children's hospital in new brunswick, new jersey. the draft was sent packing after toys "r" us permanently closed out the remaining stories. that's what's happening now. gerri: the highest gasoline prices. the highest gasoline prices and yours are raising concerns about the longest running u.s. economic expansion on record. drivers across the country paying $3 a gallon, the most since 2014. look at the prices. analysts if gas prices keep rising that could grow income and spending. there is hope that prices could begin to cool it is that libya would resume pumping oil into the market. drill oil prices down 5% yesterday. mark covers all append mutual asset management. welcome to the show. great to have you here. i recently paid $70 to my car. i have to tell you a lot of folks out there saying that $3.50 to be a tipping point for consumers and for consumers and that's when it can really impact the broader economy. do you agree? >> i will say with a fairly high prices here in pen

. >>> amazon takes a page from toys "r" us.t the new york stock exchange with that and more. good morning. >> good morning, don. tomorrow, tariffs on more than $34 billion of chinese imports is scheduled to take effect. beijing says it will retaliate immediately of imposing tariffs on an equivalent value of u.s. goods including soybeans and crude oil. investors will be watching the potential trade war closely. >>> u.s. stockmarkets were closed yesterday for the independence day holiday, but at the end of tuesday's shortened trading day, the dow jones lost 132 points, the s&p 500 fell by 13 points, and the nasdaq lost 65 points. >>> the world trade organization says trade barriers being imposed by major economies are already starting to affect the world economy. the wto looked at trade restrictions among the g20 nations. g20 countries imposed 39 new tariffs between may of last year and may of this year affecting trade of steel, iron, plastics, and vehicles. >>> netflix is testing a new high-end streaming plan. ultra costs $16.99

news on a national level there is news today that a unnamed buyer bought a million dollars worth of toys r us toys for charity. coming upi try to follow the actual rules i guess, i've had enough close calls if i actually try and do what i need what it tell me to do then i might not dieat the intersection of market and valencia there is this black and white sign what does it mean? i'll explain in the next edition of people behaving badly (justine) with the hot and dry weather... the warnings coming out on .. setting off fireworks on the 4th of july. just when you thought you were done painting... ...you discover paint bleed under your tape... not with frogtape! frogtape is the only painter's tape treated with patented paintblock technology. paintblock reacts with the water in latex paint to form a micro-barrier against paint bleed, giving you the sharpest lines possible. get professional results with frogtape... no messy lines, no paint bleed. for sharp lines every time, frog it! (justine) the rules of the road apply to people on bikers too.(jrs)however there is a place in san francisco where

still ahead, amazon taking a page out of the toys "r" us or sears handbook what the retailer is doingep some holiday nostalgia alive. ick around (siren wailing) (barry murrey) when you have a really traumatic injury, we have a short amount of time to get our patient to the hospital with good results. we call that the golden hour. evaluating patients remotely is where i think we have a potential to make a difference. (barry murrey) we would save a lot of lives if we could bring the doctor to the patient. verizon is racing to build the first and most powerful 5g network that will enable things like precision robotic surgery from thousands of miles away as we get faster wireless connections, it'll be possible to be able to operate on a patient in a way that was just not possible before. when i move my hand, the robot on the other side will mimic the movement, with almost no delay. who knew a scalpel could work thousands of miles away? ♪ [music playing] (ceo) the employee of the year, anna. (vo) progress is in the pursuit. audi will cover your first month's lease payment on select models

>> yeah, so toys "r" us had the big book of toys i guess amazon is smelling the opportunity with the t in $6.5 billion in revenues last year so there's a lot to play for and amazon is going to start mailing out this catalog to millions of u.s. households and hand them out at whole foods markets as well and this is according to a bloomberg report but what i found really interesting is they said amazon actually held discussions with toys "r" us to buy those retail stores before they declared bankruptcy but can i bring up the giraffe again? saddest toys "r" us giraffe. isn't it? charles: did he get a new job? >> i don't think so. charles: his resume is out there >> it's around. charles: here is another one amazon is going to open up a cashierless stores and this one is going to be bigger right? >> bigger. charles: the wave of the future. >> so i guess you can call this physical retail, it's like a very open one where you walk in, you basically use your tech devices to pay for and walk out. i have to say i would love to see one here in new york. charles: where is the next one? >> seattle

no one saw it but toys "r" us. >> toys just closed.hen he got his arms around it and said this could be the last bad quarter and many people think it is. and i think they're dead right brian has done so much to make it experience. not that monopoly isn't doing great. they have a lot of product that are tied to entertainment. and very tied to artificial intelligence, like about what you want. >> a sign of management and how much it matters. when you look at hasbro over mattell. one is half the market cap of the other. it used to be reversed mattell was twice the market cap of hasbro. >> and you had a shake up there which shocked people we had what we thought was a good ceo they brought in sales force.com to figure out what people wanted. >> mattell. >> yes and i don't know and i think the execution is so sloppy it almost doesn't matter whether they bring someone in from the outside. the guy who is turning this around, i love when he came on "mad money" last time. >> is he coming on again >> yeah. victory lap. >> all right we got an open

a spokesperson said the closure of toys r us deeply affected sales.uts are part of a cost cutting effort and will most affect office workers. the cuts amount to 22% of its global nonmanufacturing work force. >> as you head out to the movies you'll be seeing stars quite a bit. check out usa today's list of most in demand actors. tom hanks in 10th place preceded by chris pratt and johnny depp, seventh woody harrelson. break out star tiffany haddish is in 6th place. margot robbie in 4th. octavia spencer coming in third. the wrestler turned actor duane johnson gets runner up and the guy hollywood can't seem to get enough of, james franco. that's a bit surprising . >> i thought it would be switched. duane johnsson the rock has been number one in past. >> we'll see if it switches. >> the internet's favorite mom will be a mom again. remember the giraffe who skyrocketed to fame last year? one year after giving birth to baby boy, april is pregnant with her 5th calf. there is no word yet on sex but you can count on another live stream on spring. and the mom pre

kid ♪ >> the end of the iconic toys "r" us chain also hitting toy makers hard. of toys "r" us for a 14% drop in sales. there is a bright spot for mattel, with recent sale numbers proving brby never goesut of style. hasbro also in a sales slump, but getting a boost on wall street after the company behind playdoh and monopoly beat predictions last quarter. it's not just toy industry giants challenged in the time of tech. both parents and kids are trying to find the right balance. >> you still want the real toys even though you have a screen? yeah. >> now they play on screens and stuff. >> i really try my best to limit it. it's hard. >> so we have new tec ology and an old fashioned stuffed nanima. >>he local level, small mom and pop toy stores are cashing in on toys "r" us'sabsence. >> now people who used to go there find us and they can't believe there's actually a place like this that exists once they come in here. >> a place that' got classic toys like action figures, race cars, even gumby. >> so even the kids that like computerized toys are finding joy in the si

closing of toys "r" us marked the end of an era. way forward in a world without the iconic store, and one that's embracing tech more and more. ♪ barbie you're beautiful >> you might remember playing with these as a kid. or how about this? but in a world with phones, tablets and endless apps at kids' fingertips, could it soon be game over for classic toys? >> it's extremely hard for toy companies, these old line toy companies, to continue to capture the imagination of kids. >> it's no secret most kids today are more about tech than mr. potato head. a 2017 report finding kids younger than eight are spending an average of two hours and nineteen minutes a day glued to screens. 42% of kids have a personal tablet, jumping 35% in just four years. ♪ i don't want to grow up. >> i'm a toys "r" us kid ♪ >> the end of the iconic chain hitting toy makers heart. mattel announcing it will cut 2200 jobs blaming the shutdown of toys "r" us for a 14% drop in sales. there is a bright spot for mattel with recent sale numbers proving barbie never goes ou

at these places things are going downhill and they're going down how fast look at towards a rush toys r us went out of business and for all you know amazon pushed them out of business as well as on made brand new all time highs again today over one thousand eight hundred fifty one dollars a share it seems like nothing is stopping this and jeff bezos now is the richest man in the world one hundred fifty billion dollars and you say you know is this a good thing for us or is this a bad thing for us they're going to be pushing people out of business not just sears not just toys r us other people too if we have time i want to get back to amazon but i want to get sort of the bigger picture here too on what are the bright spot sort of the areas of retail that are doing well is it restaurants is it you know sporting goods what is the people really going after now where they only have the only stock that i like that seems to be doing well that's attempting to compete with amazon is target target is still holding very very strong and they came out with their own thing in the last couple days where t

amazon putting the nail in the coffin on toys"r"us, sending out sounds more like sears.ch national security analyst morgan and mitch roschelle and adam shapiro. guaranty you, morgan can guess the number one fast-food chain. it's something you enjoy eating. she tweets photos of waffle fries. >> that was a hint. dagen: if you're from the northeast maybe you don't know about the waffle fries. you should top story, everybody, u.s. set to impose tariffs $34 billion worth of chinese goods when the clock strikes midnight tonight, beijing to wait until u.s. tariffs go into effect before responding. the u.s. will shoot itself in the foot if it pulls the trigger. joining us now current chairman of fat brands, ed what say you, a lot of people on twitter, viewers like this is part of negotiating strategy that president trump is using. the president telling maria that himself but in the interim, pain to be felt. how do you see it? >> obviously companies have enjoyed many years of the tariff base we have to today. things have to change. if everybody in our government were to get behin

amazon paying homage to toys r us. it's movie review friday. kev joinre us. it's 6:42. >> 6:45. there's travis tucker. good see him celebting for the folks down in woodbridge who came down to see today's zip trip. >> love it. he'll tell us all about his local ties. >> which i think you can get a little clue from wt he's wearing tod >> love that. w >>dbridge connection. >> all rhty. >> tucks down there too. he's going to have your full forecast. we have to wait a full 10 seconds. trip.we're having -- what a grt we're down here in woodbridge. where are wexactly. sociere at sweet >> sweet society. this is such a cute story. you guys not only do you work together you live together you're married, right. >> yes. >> this is your husband jay. >> uh-huh. >> tel me all about swe society. i mean, i kind of get an idea of what you're doing here but tell us about it. >> sell a l otle candy here fromver the world. and also from rig woodidgeer he too. we h some local craftch olate. we always dreamed of havingre our own candy and so here we are.o >> sow did this start when

the bankruptcy and closure of toys-r-us is the end of an era... an iconic figure from that time will live on in a new home... "geoffrey the giraffe" is now the mascot of a children's hospital..... there is a 16-hospital..... there is a 16-foot-tall, 550 pound fiberglass statue of him...who used to be on display at the toys r us headquarters in new jersey.. he'll now be a permanent part of the hospital in new brunswick.. it was decided that since the giraffe represented a sense of fun and happiness - it might best be appreciated by the kids being treated there. (vicki) n-b-a legend lebron james has been a star on the court for years... and now he's poised to be a star on the silver screen.(grant) james has sold a pitch for a new comedy film to paramount players. james' has been working on the idea for months with writer steve mallory. there are reports that talks are underway for king james himself to star in the as-yet untitled comedy-- which he would also produce. lebron is no stranger to comedy... or the big-screen - he played himself in the 20-

step-by-step options trading support from td ameritrade >>> toys "r" us may be gone, but could hasbrorn that frown upside dune? i'll give you my take. mad money is next. >>> back on final trade. >> a company a couple weeks ago i talked about ameriprise. >> no user growth year over year i'm a seller >> facebook, new all-time high, not a buyer, though. >> six straight quarters of revenue. twitter buyer 37. >> i'm melissa lee, thanks for manning. don't go more "fast." don't go anywhere. anyway, in the meantime. "mad money" with jim cramer starts right now >>> my mission is simple, to make you money i'm here to level the playing field for all investigators. there is always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain you, but to educate you. so call me at 1-800-743-cnbc or tweet me @jimcramer. this, this is what the market looks like when you just stop thinking about the trade tensions

we had toys "r" us in september rolling over. would you look at things of the moment, as is a market that is adequately pricing risk? -- we areket has definitely experiencing a tightening of domestic financial conditions. it is going to continue. it is highly unlikely the fed is going to pull back anytime soon. they're are going to meet expectations in september. global financial conditions are tightening, u.s. conditions are tightening, it is going to create some growth pressure and that is what i think you will see some of the cracks show up in more leverage markets. >> you sound more defensive. priya? >> i think risk premium is rising. we are in an environment where liquidity is not great. you have to pick your spot, that becomes important. when we had qe and cash it was this rising tide that lifted every boat. that is gone, i agree with bob. as financial conditions tighten you have to be careful what you want. everyone is rushing for the exit. it is not good for liquidity providers. coming up on the program, the option bought

this story of private equity hollowing out some of the remaining businesses in america things like toys r us or all these retail outlets they hollow it out you know buy it with loaded debt load it up with that deal the pensions and run away and hold the industrialization of america financialization well you know there have been one group of people kind of i mean from this and that as a state workers the federal employees certain firefighters policemen they have some guaranteed pensions guaranteed by the state so if it if the returns are not good enough of course the states just raise taxes and make sure that these guaranteed pensions are met well. it turns out as looking pretty bad wall street managers have cost americans more than six hundred billion dollars over the past decade over the last decade fund managers who oversee the pensions of the nation's teachers firefighters police and other government workers have doubled down on an investment strategy that has cost us taxpayers at least six hundred billion dollars possibly more than a trillion investment data and calculations by yahoo fin

fundamentals are so strong we talk about everything, everybody knows the story, but i think toys "r" uspportunity is there. these gois are putting out a toy catalog for the fall that's going to reach a million customers. toys "r" us had 20% market share in the toy business, so ta might not been appreciated a lot of other stuff is, but i'm going to stay with us because they keep doing really great >> how long was it you bought snit. >> maybe over a year not that long. >> right every time i want to trade -- >> in a year or so, whatever, the stock's gone from under 700 to 1700. >> nice. >> all right some of our trader's picks, they haven't worked out quite yet >> interactive broker, 78 right now. staying long i think it goes well above 80. sxwl got to like it. >> dxc technology. there's a lot they could do in terms of stock and market improvement. >> taking care of the legal issues b about half a billion dollars i own the stock, love the stock. it's going higher. >> all right joseph interactive brokers is down 17% since may 9th. >> it is not laughing now, pal. >> i'm not and i'm not laid b

. >>> are you still trying to get over the toys-r-us closure, well, amazon says it may be able to help. the way the online retailer is trying to help you out this holiday season. >>> and the 80s return today, but 80s and 90s starting tomorrow through the weekend. and if you're thinking about helping to your beaches, santa cruz and marin county, some dangerous surf f >>> hey, good morning, again. we had some turbulent air above us this morning. aerotime lapse system just moving out and about. the sun came out and started to warm the ground and overturn the atmosphere and and eventually it scrubbed it all clean. and temperatures just a slight bit warmer now. we'll see a bigger jump in those temperatures that we talked about ten minutes ago happening. fremont, san jose, morgan hill, livermore, clear lake and everybody else in the 60s. take you to the coast and you'll even see sunshine, 57. it's going to be mostly sunny, even in san francisco warming begins today. warmest this weekend with thatde weather map. we've got this area of low pressure, counterclockwise flow. it's drawing that war

(grant) the bankruptcy and closure of toys-r-us is the end of an era...(vicki) but an iconic figure from that time will live on in a new home... catherine heenan is here to explain.. (catherine) it was fun to see the toys-r-us mascot - "geoffrey the giraffe" being unveiled in the lobby of a children's hospital..... geoffrey is a 16-foot-tall, 550 pound fiberglass statue...who used to be on display at company headquarters in new jersey.. he'll now be a permanent part of a hospital in new brunswick.. it was decided that since the giraffe represented a sense of fun and happiness - it might best be appreciated by the kids being treated here. one of the officials dealing with the toys-r-us bankruptcy reportedly spent 10-thousand dollars of his own money to make the transfer happen.. grant and vicki? (vicki) next at 5:30... a manager tackles a man who tries to steal a gun... saying he's going to shoot people. and now that manager is out of a job because of it. (grant) and after the break... a local mayor tours an ice detention facility in the east bay.. what he

amazon takes a page from the toys "r" us playbook. as the online giant and what they have been working on for the holidays. ♪ ♪ ♪ raindrops on roses and whiskers on kittens ♪ ♪ bright copper kettles and warm woolen mittens ♪ ♪ brown paper packages tied up with strings ♪ ♪ these are a few of my favorite things ♪ ♪ ♪ ♪ these are a few of my favorite things ♪ ♪ when i first came to ocean bay, what i saw was despair. i knew something had to be done. hurricane sandy really woke people up, to showing that we need to invest in this community. i knew having the right partner we could turn this place around. it was only one bank that could finance a project this difficult and this large, and that was citi. preserving affordable housing preserves communities. so we are doing their kitchens and their flooring and their lobbies and the grounds. and the beautification of their homes, giving them pride in where they live, will make this a thriving community once again. ♪ welcome back police in berkeley arrested the burglar suspect who made a very u

the toy catalogs and something to nudge your parents, and amazon wants to bring it back now that toys "r" us is out of business and now that they plan to mail a toy catalog and millions at home and distributed at whole food stores, and a little bit of nostalgia and it is july 6th. >> we remember the catalogs, and we are with you on that one. and california lawmakers are hoping to push through a new net neutrality bill and they plan to talk about it today. and those efforts say that the supportive efforts are taking a big hit when the assembly committee gutted the provision. and critics believe that heavy lobbying including from the nbc parent company comcast may have had something to do with it. but the state ledgislators are aiming to restore in california what the fcc recently took away. >> the oregon lawmaker is making headlines this morning when the police were called on her for campaigning. representative janelle bynum was going door to door to meet with constituents tuesday. she says that she was almost finished talking to people when a sheriff's deputy pulled up and the deputy said th

you look at toys "r" us filing for bankruptcy.ill be fairly familiar with happened with facebook this week as well. is this market discounting risk as effectively as it once did, if it ever did? >> you touched upon a few great examples, but they are in the broader peace, which is that when things move, they move at six standard deviations as opposed to two. that points toward the lack of liquidity in the market that used to be there in terms of buffers. how do you play that is a little more interesting element, a lot of the option markets have a big skew, but that is the world we are in. when it is there, it is humongous. jonathan: jack will be sticking with me, along maryland watson -- along with marilyn watson and victoria. i want to get a market check number bonds have been this week. treasuries, two to 10 and 30's, shaking up. yields of about eight basis points. at the long end, up about 6.3%. still ahead, the final spread, a big wake of central bank decisions cap off with a payrolls report. august just around the corner. this

this story of private equity hollowing out some of the remaining businesses in america things like toys r us or all these retail outlets that hollow it out you know buy it with loaded debt load it up but that deal the pensions and run away and hold the industrialization of america financialization well you know there have been one group of people kind of i mean from this and that is the state workers the federal employees certain firefighters policemen they have some guaranteed pensions guaranteed by the state so if it if the returns are not good enough of course the states just raise taxes and make sure that these guaranteed pensions are met well. it turns out as looking pretty bad wall street managers have cost americans more than six hundred billion dollars over the past decade over the last decade fund managers who oversee the pensions of the nation's teachers firefighters police and other government workers have doubled down on an investment strategy that has cost us taxpayers at least six hundred billion dollars possibly more than a trillion investment data and calculations by yahoo fi

mattel announced today they are cutting more than 2200 jobs after being hurt by the liquidation of toys "r" us stores following a break -- bankruptcy filing earlier in the year. they are expected to cut at least $650 million in costs. mattel was based in el segundo, california with about 28,000 employees. >>> we are begging you to help us find who murdered him. >> a family's plea for clues in an unsolved murder as police released new photos in the case . >>> and water on mars? raising age-old questions about whether mars can support life. >>> the heat advisory remains in effect on friday -- how that impacts the rest of the week and the weekend. >>> misty sanchez on the nine as she raises awareness to keep other children safe, tomorrow on "mornings on 2". >>> san francisco police are releasing new images of a gunman who they say shot and killed a man two years ago. christian tells us about the renewed effort to solve this case, plus an emotional plea from the victim's family. >> take a close look as police say this is a gunman who -- shot and killed victim 24-year- old mitchell warren. now his

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all this coming despite a drop in revenue because of the closing down of toys r us. joining us from mkm partners the stock is up 10%. what's your take on these numbers? was it a big positive surprise to you as it is to the market as well >> well, i think what we saw, revenue came in ahead of expectations and that drove the bottom line beat i think people were just concerned that the impact from the toys r us liquidation and the weak retail environment in europe was going to be more severe than we saw >> in terms of the underlying drivers, was this something that played strongly? things like the "star wars" toys or things across the board >> well, i don't think "star wars" had that big of an impact because the solo movie was a bit of a disappointment. but you did see strength from key brands from things like monopoly, baby alive, marvel in those key brands. but the broad portfolio saw general weakness i think you need to keep in mind it's what people are really looking out for is what does th this we still have two-thirds of year still to come. >> there aren't too man

i'm a toys "r" us kid. i'm glad they went bankrupt. oh, you crossed the line.night, several breaking stories as we come on. neighborhood inferno, a new massive wildfire igniting this afternoon. a dozen homes seen fully engulfed. fears of many more. the race to evacuate as another fire in the west claims its first fatality. >>> plus, the shock in the atlantic. the new hurricane threats. beryl now barrelling towards puerto rico. the island still fragile after last year's direct hit, and the storm off the east coast gaining strength that could grow into a second hurricane. >>> also breaking tonight, dive to escape. teams plan to free that soccer team, and when that dangerous operation could begin as a diver is killed and new concerns about heavy rains and the oxygen supply. >>> seeing red. the trump supporter targeted

we had toys "r" us in september, completely rolling over.have the illusion things are kind of ok. bob, when you look at things at the moment, is this a market that is adequately pricing in risk? bob: the market -- we are definitely experiencing a tightening of domestic financial conditions to my and it is going to continue, but it is highly unlikely that the feds are going to hold back anytime soon. they will likely meet expectations in september as others perhaps in december. global financial conditions are tightening, and u.s. financial conditions are tightening. it will create eventually post-fiscal stimulus, growth pressure, and that is when you will see some of the cracks show up in more leveraged markets. jonathan: you sound a little more defensive. i'm going to dig into this in a couple of minutes. priya: i was just going to add come i think that risk premium generally is rising. liquidity is not that great, that is the environment we are in. this is why, the point that was made, that you have to pick your spots, it becomes extremely

quarter's results werey largimpacted by customers taking advantage of the liquidation sales held by toys "r" use fell in after hours and finished the regular session down 1% to $16.29. also after the bellmonday leele the maker of oreo cookies raised its dividend 18% to 26 cents a sharin ithed down a fraction in the regular trading day to $41.50. and the drugmaker glaxosmithkline has struck -- is taking a stake in the genetics company 23 and me to try and discover new medicines. glaxo says it hopes the collaboration will create more effective research and development processes. gllo f more than 1.5% to $40.52. >> an eerimental drug with biogen was shown to slow the decline in aemory associated with that disease and the results of the clinical trial were highly anticipated because research in this area has been littered with failures in the last few years. there are still concerns tonight. of biogen fell sharply in initial after-urs trading. meg terrell has more on the results here. what are they showing? it soundedrosing for the stock. what happened? >> it's important to note that the stock had