/china relations and what will the >>> the magic of macy's. the retailer cut its full year seemed to care.t, but investors >>> cold snap, what an early winter can mean for the commodity that keeps us warm -- natural gas. all that and tonight on "nightly business report" for wednesday, november 12. >> the u.s the two largest economies and superpowers are often at odds on a variety of issues but at this week's apec summit in beijing, president obama and china's president xi jinping were toasting some break through deals they hailed as historic. they announced deals to, tend short term visas to china and american citizens, to elimin tas on high-tech goods and just today an agreement on a climate concern with a plan to limit future cemissions in both countries. so does this signal a new er ch asserts itself on the global stage in order t john harwood has more. >> reporter: president obama's trip to asia made clear he's with his priorities anyway. he announced a new agreement with xi jinping that would accet economies in curbing carbon emissions. >

macy's makes sense. without a true strategy which pennies doesn't have because of the previous management i don't know how penney's can compete other than promotions or price which is like running in place. your best hope isn't buying and waiting for the transformation, it's waiting for macy's to come down and riding them to holiday glory as the colder weather sets in and the omni channel kicks butt, mainly amazon's butt on the way to much better higher growth and profitability. >> jeff in wisconsin, jeff. >> caller: greetings jim from milwaukee, the beer capitol of the world. >> i'll go with you. >> caller: okay that's fair. i want to toast you and your staff with an ice cold brew-ya. >> that's the most talented -- only al roker has beaten that booyah in the last few hours. >> caller: appreciate that. i need expertise on big five sporting goods. buy, sell, or hold. >> too unseasoned. not crazy about it. if you're going to be in sporting goods, you would think he'll send me to dick's, no, i'm sending you

the macy's thanksgiving day parade. and maria is at the starting line to give us a sneak peek inside. >> hey, maria. >> reporter: good morning. good to see you. hello, everyone. we're here live for the macy's thanksgiving day parade at k9d a.m. eastern time right where we're standing. we're located at 77th and central park west in manhattan. the parade route will take you down 6th avenue to macy's harrold square. it will be a fun day out here. we'll have several new balloons and floats that are partaking in celebration. outside balloons and floats you'll have cheer leaders, dancers, singers, clowns going down the parade route and several marching bands. hundreds of thousand of people gathered last night to watch the balloons be filled with air. that's going to be fun as well. thankfully this year the weather conditions are pleasant across new york city. we're not looking at strong wind gusts. sometimes if you look at gusts that reach 34 miles per hour or greater you're looking at the balloons being pulled down. thankful

macy's is part of that. also, 42nd street, i don't think it looks that sharp, but they're delivering. >> it's the third drop in comps in eight quarters. it just shows you, you can be really well conditioned, but the environment is going to test you. >> yes. >> and you mentioned malls. i'm thinking what mickey said at our gala last week. the american mall is cookie cutter, cookie cutter. >> i thought that was a great interview. sometimes we do things at cnbc, that gala, a lot of the juice at that dinner was so exciting. i would look at macy's and say it's not as bad as the whisper. there was talk this was going to be a major miss, that macy's has not been hitting the ball out of the park. terry lundgren shows you, don't bet against me. he talks about maybe we have different weather patterns. i think this is going to continue what has been a very nice run in retail, even as you would say, well, where is the line about gasoline, disposable income. not there. >> we're going to talk later on, in a few minutes, ab

on our macy's thanksgiving day parade. that was a huge advantage for us. it's only been a few years since we've had this opportunity to advertise on the third most watched television program in america. we couldn't be more proud of the parade itself. it is our gift that we give every year back to americans. frankly, it is being picked up now around the world, so it is something very special to us. i know your family and my family couldn't feel more proud about delivering a macy's thanksgiving day parade every year. >> terry, thank you so much for joining us. >> my pleasure, becky. >> have a wonderful holiday shopping season. >>> up next, we are "on the money." who are the people in your neighborhood? later, if you are looking to make a charitable contribution, we'll tell you how to make sure your donation lands in the right hands. take a look at how the stock market ended the week. >>> thanksgiving weekend means about 50 billion in sales for the retail industry. that's a huge kickoff to the holiday shopping season, but for

. >> macy's. honestly, this is our gift to the community because obviously it's a very expensive ordeal for us. but we are -- you know, we love this day. you know, i mean, thanksgiving day is such a special day in the homes of americans. we'll have some surprises. obviously, santa claus is the big one. we're going to have kiss in the parade this year. >> wow! >> so we'll some great entertainment, great floats and it will be a fun day. >> terry, it's great to have you on the program. >> thanks so much. >> terry lundgren is the ceo of macy's. >>> oil prices is lower, the stock market is higher. how long will the good times continue? we'll talk about mohamed earian as we look ahead on "sunday morning futures." ameriprise asked people a simple question: in retirement, will you have enough money to live life on your terms? i sure hope so. with healthcare costs, who knows. umm... everyone has retirement questions. so ameriprise created the exclusive confident retirement approach. now you and your amerip

. >> macy's. honestly, this is our gift to the community because obviously it's a very expensive ordeal for us. but we are -- you know, we love this day. you know, i mean, thanksgiving day is such a special day in the homes of americans. we'll have some surprises. obviously, santa claus is the big one. we're going to have kiss in the parade this year. >> wow! >> so we'll some great entertainment, great floats and it will be a fun day. >> terry, it's great to have you on the program. >> thanks so much. >> terry lundgren is the ceo of macy's. >>> oil prices is lower, the stock market is higher. how long will the good times continue? we'll talk about mohamed earian as we look ahead on "sunday morning futures." hard it can be...how ...to breathe with copd? it can feel like this. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled... ...copd maintenance treatment... ...that helps open my airways for a full 24 hours. you know, spiriva helps me breathe easier. spiriva handihal

m macy's reports next week. early in january, announced a big restructure, brought the costs down dramatically, when they recorded fiscal q2 in august, it was a disappointed year, and the stocks rallied from $56 to $60 in four trading days, move 4.5%, moving on average about 5. it's not a great setup to chase the stock. the stock is fine, trading between 55 and 60 for six months now, but, to me, it looked like a good entry for a near term trade on the short side. i'll tell you why. if i was the management of this company going into a potentially difficult holiday season and the stock was just back up to the highs, i'm not certain i give overly ambitious guidance. to me, the trade is simple. at 6 o bucks here, look at a november put spread, two weeks out, november 6 o-55 put spread, cost $1.50, buy the put at 1.65, 55 put at 35 cents, and, basically, this breaks even at 58.70 and down to 55, i make 3.70, and traded at 58.70 this morning. it's headed into a potentially volatile event next week. >> trading 12 times

macy's was doing that. terry lundgren was on in the last hour, and i do not know if he is giddy from a lack of sleep, but he was excited about macy's position online. >> we are the eighth largest internet company in america after netflix. macy's is booming in internet business, and we have a great advantage over amazon. we have these things called stores and customers can touch the products, interact with the person, and tell them whether the makeup is right for them or not. it is a huge advantage for macy's. >> one other tidbit -- terry lundgren said 50,000 people had visited the macy's herald square store, the flagship. walmart says traffic yesterday was 22 million people. if you divide that by the stores, you are talking about 5800 people per store. it is interesting when you compare that with macy's. of course, you get a lot of tourists there as well. >> it is the flagship store. >> exactly. >> what about losers here? >> i am looking at analysis from piper jaffray. they say if you look at the malls, anc

the macy's parade looks great. we're going to be in the 30s. it shouldn't be that windy so it should be bearable out there for the crowds. as we look forward to your black friday, everything is going to warm up. that should be the trend for the first week of december. we're going to feel this warmth pretty much all across the country. >> that's great for the parade. either watch it outside or sit by your tv. >>> an australian cricket star has tragically died. he was struck by a ball during a cricket match. he was wearing a helmet, but in days he collapsed by the pitch. he underwent surgery. there was massive bleeding to the brain and he never regained consciousness. his doctor said he was not in pain before he passed and was surrounded by his close friends and family. he was only 25. >>> this morning, ruth bader ginsberg is recovering after a health scare. a stint was placed in her coronary artery. it isn't the 89-year-old's first scare. she had colon surgery in 2009. she is battling pancreatic cancer. she shot down the idea of retiring. >>> it

and to that point, dan, you were taking a look at macy's. >> why wouldn't i, right? when you think about it. that guy's a genius. but think about it. oh, kohl's was the other one that disappointed a couple weeks ago, and that's the same concept. macy's is going to report next week. this is a company that's performed very well in the last year. early in january announced a big restructuring, brought their costs down fairly dramatically. but when they reported their fiscal q2 in august they disappointed. and the stock has just in the last few days rallied from about $56 to $60 just in four trading days. they're going to report next week. i think the implied move is 4 1/2%. the stock has moved on average about 5%. i don't think this is a great setup right here to chase the stock. i think the stock is probably just fine. it's traded between 55 and 60 for six months now. but to me it looked like a really good entry for a near-term trade on the short side. and i'm just going to tell you why. if i was the management of this company going into a potentially difficult holiday

walmart, macy's and target, they all open at 6:00. if you're headed to the livermore outlet, you can expect heavy traffic. not only inside the outlets but on the roadway as well. construction is limiting parking spots. and there will be an extra police presence to keep the road moving and down near the parking lots. >> the earliest, though, is all of them. the chain will welcome anxious shoppers in about an hour from now. that means while most people are preparing meals or getting ready for black friday shopping, others have to work. four associates were given a memo about having to work on thanksgiving day. >> it said basically we have to work for thanksgiving or we're going to get fired. >> many others say the special hours doesn't give them the chance to spend time with their families. now they are calling for legislation to end mandatory retail shifts on holidays or provide overtime pay. >> there should be a choice for an employee to be with their families on thanksgiving day or earn overtime pay. >> orchard stores have plenty of

we get to perform over by macy's. when i was a kid. one time my dad was a pj salesman he worked in one of the buildings. we looked out high up from the window. that was as close as we got. kind of full circle. >> what are you thankful for? >> oh, my gosh. for my son. my little boy, walker, he's 5 years old. i'm thankful because he gives mae lot of perspective and keeps me in the moment. i'm thankful for this great year. >> with frozen and let it go. >> yes. beautiful. it is. congratulations. >> thank you. >> you deserve it. >> thank you very much! >> you have so much to be thankful for. >> happy thanksgiving! >> let's check out what is going onned in your weather system for today. we have parade going. sponge bob! we love him! cloudy skies, few flurries, temperatures in the 30s. windchill maybe upper 20s. light winds 10 miles per hour. the rest of the country icy along the atlanta states. light snow across the great lakes. heavy rain and snow out in the pacific northwest. some of the rainmaking the way into central california tomorrow.

so macy's going to report next week. this is a company that performed well in the last year, early in january they announced restructuring, brought costs down dramatically, but when they reported in august they disappointed here and the stock in the last few days rallied from about $56 to $60 just in four trading days. they are going to report next week. the implied move about 4.5%. the stock moved on average about five. i don't think this is a great seat up here to chase the stock. i think the stock is probably fine. it's traded between 55 and 60 for six months now. but to me it looked like a good entry for a near term trade on the short side. i'll tell you why. if i was the management of this company going into a potentially difficult holiday season, and my stock was just back up at these highs i'm not certain i would give overly ambitious guidance. the trade was simple. at 60 bucks i was looking at november put spread. two weeks out, the november, 60, 55 put spread. it cost 1.30. i was selling one in november 55, puts

our road map begins with macy's earnings. the

and macy's is booming. a great advantage of amazon, we have these things called storks which can come in and touch the product and interact with the person and tell them whether that makeup is right for them. that is a huge advantage so we are doing just fine. >> tell us about now until christmas, what is your business plan to get to december 25? we've done this before a few times and for the last four years we had $4.4 billion in sales so we have the right formula, a combination of focusing on the products for individual store locations and clearly the on the channel which starts with their phones but like to come into the store and touch the product and then finally the magic selling that relationship between the sales associate and the customer. >> thank you so much, carry lundgren is with the macy's department store where terrific parade. we'll come back with joe weisenthal oil down to $80 per , under $70 per barrel now. ♪ >> good morning everyone, bloomberg "surveillance." joe weisenthal with me this

macy's approaching a 20% gain in the last quarter. it --mpany made up of made up for it with cost cuts. wasmber when black friday just one day? walmart is making it a five-day event. the world tosses largest retailer will begin its new black friday online just after midnight on thanksgiving day. it will last through cyber monday. walmart will run waves of in-store sales twice on monday evening and then again the next morning. in case you are not chopped up here at under 30 minutes away from the start of the trade. we will count you down with the top headlines. fox and the senior markets correspondent scarlet fu, join me this morning. let's start with number 10. taylor swift made waves here with her position last week. tookpot is -- spotify ceo to the internet to defend his stance in a blog post all in response to musicians like taylor swift who pulled their music. over $2 million in royalties since starting in 2008. we spoke to the cso -- cfo of pandora yesterday. >> we are proud that we pay royalties to 125,000 different artist every

plus karen and dan going head to head in an epic street fooif fight over macy's. and you at home get to vote who is winning. let us know he if you're siding with karen the bull or dan the bear. e if you're siding with karen the bull or dan the bear. if you're siding with karen the bull or dan the bear. if you're siding with karen the bull or dan the bear. tdd# 1-800-345-2550 [ male announcer ] your love for trading never stops, tdd# 1-800-345-2550 even on the go. tdd# 1-800-345-2550 open a schwab account, and you could earn tdd# 1-800-345-2550 300 commission-free online trades. tdd# 1-800-345-2550 so if you get a trade idea, schwab can help you take it on. tdd# 1-800-345-2550 we're getting a lot of questions tdd# 1-800-345-2550 about organic food stocks. tdd# 1-800-345-2550 [ male announcer ] sharpen your instincts tdd# 1-800-345-2550 with in-depth analysis by schwab experts. tdd# 1-800-345-2550 and if you want to run your idea tdd# 1-800-345-2550 by a schwab trading specialist, tdd# 1-800-345-2550 our expertise is just a tap away. tdd# 1-800-345-2550 what's on yo

right now crews are setting up for the macy's thanksgiving day parade. . this is the 88th annual parade in new york city. 77th and central park west. good morning. happy thanksgiving. >> yeah. happy thanksgiving to you, eun and everyone there at wrc. this is the start of the of the parade behind me. one of 30 floats going down the parkway. this is tom turkey. thomas the train is right behind him. this year six new characters will be in the parade. some of your old favorites like spider-man, snoopy and woodstock will be there. there will be 1300 cheerleaders and dance team members. 1,000 clowns, which is terrifying to me. but also 12 marching bands from around the country. this all gets under way at 9:00. they have it down to a science. hope you guys are down there in washington. >> chris, thanks so much. i'm terrified of clowns. 1,000 of them together. good luck. >> it's my worst nightmare. >> we'll check in with you in a little bit. >> in news for your health, more adults are done with smoking. cigarette smokers represent 18% of the u.s. population accord

we get to perform over by macy's. when i was a kid, we came in one time, my dad worked in the garment section, that was as close as we got. >> reporter: kind of full circle for you. >> yeah. >> l. >> reporter: what are you thankful for in. >> for my son, my boy walker. he's five-years-old. i'm thankful because he gives me a lot of perspective and keeps me in the moment. thank you for this year i have had. i have been around a while. >> reporter: but with "frozen" and "let it go." it really is. congratulations. >> thank you so much. >> reporter: addy that manziel. >> happy thanksgiving, everybody. >> reporter: let's check out what is going on as far as your weather is concerned. for today, again, we got the parade going -- sponge bob! we love sponge bob. a few flurry, temperatures in the 30s. wind chill shopping in the upper 20s, light winds, no big problems. icy mix along the atlantic states. heavy rain and snow, some making its way into central california tomorrow as you are out shopping, beautiful weather on the eas

. >> toys "r" us open, serious, kohl's and macy's opening at 6:00 a.m. and it will save families. guess what? people don't want to be at your house. your food sucks and they want to be out shopping and about 8:00 somebody gets stabbed in the hand. >> and look at the tile. at the time. charles payne what do you think? >> part of it's true, and it is, listen, a lot of these companies outside of macy's are all in trouble. like a gambit. >> what time does the payne family sit down for the thanksgiving feast? >> you know what? i don't know what time we sit down but i never get up. so -- [ laughter ] >> okay. >> then you got to -- >> there's no way i would ever go shopping, but who cares? live and let live. what's wrong if you want to get away from your brother, not see your brother like i do all the time? but -- get away from my wife? >> ah -- >> macy's, better than getting stabbed in the hand with a, to. >> what do you make of this? >> you know i was going to come on and say sacrilegious but i think, beautiful, wonderful, brilliant incredibly smart dagen convinced me. get away from ou

i want to talk to you because you've been telling us macy's. i know you had to be on pins and needles when they gave that guidance. all of a sudden it turned around and became a juggernaut. >> two things are going on. number one, the ceo of macy's -- charles: wall street loves him. >> he could do no wrong. he's really very bullish on what's going to happen for retail for his company. i agree with him. i think macy's is in a strong point. charles: "after the bell" jc penney reported. i don't know what they did missed, but that stock is up in the after market. is one more of a proxy than the other. actually jc penney is pulling back. >> a little. charles: which one is representative of what we can expect. >> between the two because i don't think jc penney is quite through with with their turn around i would point the finger at macy's it's more representative of what the american consumer is doing. i think it's actually more like the walmarts of the world that is representative what the american consumer is doing. charles: this is an interesting s

macy style like balloons. >> nice. >> thousands of people come out for this. small businesses in the area get involved with it as well. and amelia, i've got to tell you, it was chilly out there. everybody was bundled up. they were waving the bells, flags. nut cracker was being performed. it was really a grand old time. this year, the best part of all, the theme was home for the holidays. and they dedicated it to the united states military. >> very nice. >> that's why you see 12,000 of those little flags. >> waving them right there. cold today, but the warm-up is coming? >> warm-up tomorrow. 47 for a high today. partly cloudy skies. 60 tomorrow. >> we'll enjoy that. thanks for joining us. >> we'll be back here tomorrow at 6:00. until then, have a great saturday. . . . redskins, the team makes a change in quarterback. and we preview sunday's matchup with indianapolis. all that and more on today. it's inside the redskins presented by easterns. >>> good morning and welcome to inside the redskins on

macy's sold off hard during that blip in the middle of october. it down 12%, way more than the rest of the market. they have not bounced back. >> here is the opportunity. certain amount of confidence in macy's, which has been a standout in the retail industry. it is viewed as a great executor operationally. keeps its inventory levels in check. it has good customer service and good systems for running its stores. that could be part of it. a little bit of forgiveness. the company says it's comparable sales rise. if you take out the effect of license to businesses, you will get a 1.8 to 2.8% gain. sea change.f a yes, you have the overall weaknesses. cfo also says a lot of the stuff that is hot right now is stuff that we do not sell. cars, electronics. things you are not going to buy at a macy's. there is not that much they can do about that. they can only control what they can control. >> these partnerships they have with jessica simpson andpd -- diddy, is that an issue? >> it does not seem to be an issue. we are talking more about the stores within

we are here for the macy's balloon fest testing out the balloons that will appear in the macy's thanksgiving day parade. the afflack duck is here with us for support and pikachu. we will see these progress as we go through the next hour or so. let's take a look at the weather across the country where today is actually going to be a pretty standard day. not a lot going on. we are not talking about a lot of wet or snowy weather or nothing exceptionally warm or cold. the cold air surging in sunday and monday. it is nice and mild out on the west coast. take a look at some of our temperatures where it will be above average. denver will be warmer today and we will see a cool off as that cold air surges in from the north. a front draped across the middle of the country. not producing much as far as showers or snowshowers. we are seeing most of the wetter weather down through parts of florida where we will see scattered showers and thunderstorms today. th >>> it's been a good saturday morning. meteorologist michelle grossman. chilly one today. temperatures below normal. winds will be light. feel rel

we are here for the macy's balloon fest testing out the balloons that will appear in the macy's thanksgiving day parade. the afflack duck is here with us for support and pikachu. we will see these progress as we go through the next hour or so. let's take a look at the weather across the country where today is actually going to be a pretty standard day. not a lot going on. we are not talking about a lot of wet or snowy weather or nothing exceptionally warm or cold. the cold air surging in sunday and monday. it is nice and mild out on the west coast. take a look at some of our temperatures where it will be above average. denver will be warmer today and we will see a cool off as that cold air surges in from the north. a front draped across the middle of the country. not producing much as far as showers or snowshowers. we are seeing most of the wetter weather down through parts of florida where we will see scattered showers and >>> good morning. 6:06 the time. waking up to clear skies. a little fog in the coastline but look at these numbers. talking about a warm day. 75 for san francisco today.

. >>> and we could see more snow today but new york should only get a dusting at the macy's thanksgiving day parade where some drives were left stranded in the snow. the winter storm wave less than 40 flight this who -- this morning it is according to the website, they are expected to be mostly on time at san francisco international and about 46 million people are expected to travel for the thanksgiving holiday which is the most since 2007. >>> it is 5:13 bay area freeways were packed with drivers and this is a look look at owl all of those and they will have extra patrols and we are keeping an eye ear on the trash and here is a look at the traffic map, following a haywood crash, one person was killed, one person in lie threatening conditions, still sluggish as chp investigates its things 5ing morning good to see you, i know you didn't have anything else to do today. most are saying mortgagely cloudy will we should have a lot of high cloud, 60s to lower 70s and the barometric pressure is down and it is -- there are signs it is weakening and it is just a little bit of high cloud and incre

the scene here is what happened at macy's flagship store last night. macy's opened at 6:00 p.m. the department store is among many other retailers across the country that is opening on thanksgiving day. also one of the big questions for macy's ceo terry lundgren will be if the strategy is paying off. he'll join us in a few minutes. >>> the other big story, sale on oil and oil stocks today. look at wti crude sliding. lowest price in four years. right now it's at $68.84. a decline of $4.85. if it dips below it will be the lowest price since september of 2009. that of course wiin the deep financial crisis. cutting output in order to support prices. check out some of the fallout from this. exxon, chevron, conoco phillips and bp all trading sharply lower. bp lower by more than 6%. probably already trading. and on the flip side, airline stocks taking off. jetblue in particular higher by more than 8% in the premarket. look at the futures as well. the overall stock market responding mixed to this news. the industrial average lower by 24 points. you have major companies in the dow and s&

macy's reducing the forecast for the full year. the chairman and ceo saying he remains optimistic for the holiday quarter. >> part of the reason macy's was up today is expectations had already been set so low. any time anybody announced anything negative, macy's would trade down. they come out with a quarter that was good. a beat. there was a one-time item. but when they lowered the guidance for full year, that seemed like a classic sandbag to me. they beat on the quarter and lowered the guidance even though they said november has started off well. they said don't extrapolate anything. but i think the chance of them beating that new lower guidance is quite high. when you see how they were able to manage lower revenues and keep the growth margins and still earn it shows you what a superior management team they have. they do an extraordinary job and the thing i like about it, they are always hungry. never acting like they are the best in class. always acting like they are trying to do better. trying to catch up. all that having been

so, brian, the macy's thanksgiving day parade floats and balloons will be flying high in new york city tomorrow. >> we may have a word about that a bit later on. dylan dreyer on i-95 for us. dylan, thanks. >>> back to where we were this time last night. another cold night in ferguson, missouri, a city bracing for what could be a third night of violence after the grand jury chose not to indict officer darren wilson for the shooting death of michael brown. last night may have been calmer relatively speaking, but police still arrested at least 44 people. nbc's ron allen remains in ferguson for us tonight. ron, good evening. >> reporter: good evening, brian. it has been a better, calmer day and night here. but there's still a lot of tension on this holiday eve. more national guard troops backing local police have helped. but there's still flash points for violence and confrontation. at this explosive street corner, police clash with protesters. >> it is time to disburse. >> reporter: flames reignite a building. and a retired teacher hopes the business she spent her life's savings to open n

. >> perdiÓ el tradicional desfile de globos en macys se lo traemos hasta la comodidad de su hogar. ♪ ¿por qué decidí salir con ella esta noche... en vez de leerle un libro como siempre? ♪ porque hay más de una manera... de empezar a creer en la magia. ♪ toyota corolla toyota. vayamos juntos. todo cuenta. lavase los manos y las superficies. separe las carnes crudas de las frutas y vegetales. cocine hasta la temperatura adecuada. refrigere a 40 grados. proteja a su familia. >> gracias por continuar en sintonÍa el día de acciÓn de gracias sin el reciÉn al desfile de macys no serÍa igual llena de mÚsica colorido las calles de manhattan mÁs de 3 millones disfrutan con sus familias tan importante es que casi 50 millones de personas lo sintonizan en su televisor, eny nos comparte un recorrido por este desfile. >> a ritmo de tambores y en medio de una fuerte presencia policial por amenazas de boicot 16 populares personajes de la televisiÓn infantil se unieron a miles de porristas y bailarines para darle vida a una de las tradiciones neoyorquinas mÁs coloridas el desfile de m

and macy gray on success, struggles and the story behind her biggest hit. we begin in syria with a big boost for kurdish forces fighting i.s.i.l. in kobani. just a few hours ago, iraqi peshmerga fighters crossed into the territory. the arrival of the reenforcements has been delayed for more than a week. we get more from jamalel shalil. >> it's been a long while as far as the fighters, a long awaited moment for them. the kurdish or the iraqi kurdish peshmerga forces have been in turkey for a while to wait for the safe passage to enter. moshed pinar. when they were headed towards that crossing fierce fighting occurred, local fighters said they believed it was local coalition fighters, but what they ended up doing is going through another route another way into the ypd controlled forces in kobani. they are armed with managed to forage a way in the middle of the night, obviously there was also some trouble getting there because of the terrain as well as the rain had been pouring down for about 24 hours. however, the vast majorities of them have now entered into

target, macy's, kohl's, j.c. penney's, best buy, toys 'r' us. and the list goes on. >> it was just a couple of years ago when the first big department store decided to be open on thursday and so many have come in line right after. some of them are saying we're not going to do this. some who are not going to be open, the american girl store, barnes & noble, bed, bath and beyond and dillard's. dillard's made a point to say we are not going to be open. >> they basically said we think this is going to make our employees feel very valued. they're going to be better employees to us. treat the customers better. wield the spokesperson for dillard's -- we had the spokesperson for dillard's on yesterday. this is what she had to say. >> this is the right thing to do for them, allowing them this time off with their families on this special day to take a breather before things get really busy. we just believe that if we honor our associates, in the long run they will honor our customers as well. >> some retailers on the other end are saying thanksgiving is f

at the famed macy day parade. we saw a lot on social media with ferguson decision protesters say they will disrupt the parade. the parade. they using # stopthe >> back at home, police are looking for two men who robbed and murdered a hiker in the regional park in zone. regional park in zone. two machine approached david him at close range. he was an inspiring teacher at the school in danville where he taught english and journalism for more than a decade. witnesses say they saw two men in the area before the gunshots. the suspects are described as two plaquemine, one with dreadlocks and a thin build and the other is 6' and 240 pounds and overly friendly. >> it could be a good thing the rain hasn't started because people are already lining up for black friday deals. now more from the best buy in san francisco where shoppers lined up yesterday awaiting the store opening. >> curb side camping hold as special place in milton's heart. >> it is a tradition. >> he arrived with snacks and a lawn chair. the motivation? >> i

this is from nordstrom's this one is from macy's. and some accessories like an ice gold watch with a diamond accent's. >> let's go quickly through here it really fast. >> this is a michael course clutch from macy's. a tie clip as well. >> wouldn't this looks great on erin back in the studio. >> that's right these are pretty nice there for macy's. >> look at all this stuff. people are going crazy to get their hands on the spirit much more coming up from the mall. >> we already know how much erin likes to buy shoes. her last name is marcos... >> as we head out to the to go shopping, we are expecting snow showers to plague areas north. not so much to the south. just as light snow there. wind out of the south and 3 mi.. current temperature 21 in chicago. it's 20 in lansing. and juliet its 17. the calibrating at 15. the radar shows snow across western and northern communities. will zoom in. here is the illinois and wisconsin state line. still moving through portions of mchenry headed towards a leak county. it will be light snow early on.

next, macy's, almost 54% off all that new clothing. and finally, jcpenney, where you can see a whopping 65% discount on major items just in time for christmas. on wall street, we have down arrows for the dow and s&p, but remember, we did hit record highs back on wednesday. the nasdaq's looking a little bit better today and the market closes early. ainsley, back to you. >> okay, thank you. >>> to find our lauren on the fox business network, logon to foxbusiness.com/channelfinder. >>> well, after plans to get rid of one city's so-called ugly christmas tree, reading, pennsylvania, now keeping it and giving it the charlie brown treatment. the branches will be decorated with one red ornament, just like the scrawny tree in the beloved movie "a charlie brown christmas." that special ceremony taking place december 6th. >>> it is now 25 minutes after the top of the hour. mixing faith and french fries? why one group wants to put a mcdonald's inside a church. >>> and don't get scammed this holiday shopping season. from coupons to shipping and eve

so, brian, the macy's thanksgiving day parade floats and balloons will be flying high in new york city tomorrow. >> we may have a word about that a bit later on. dylan dreyer on i-95 for us. dylan, thanks. >>> back to where we were this time last night. another cold night in ferguson, missouri, a city bracing for what could be a third night of violence after the grand jury chose not to indict officer darren wilson for the shooting death of michael brown. last night may have been calmer relatively speaking, but police still arrested 44 people. nbc's ron allen remains in ferguson for us tonight. ron, good evening. >> reporter: good evening, brian. it has been a better, calmer day and night here. but there's still a lot of tension on this holiday eve. more national guard troops backing local police have helped. but there's still flash points for violence and confrontation. at this explosive street corner, police clash with protesters. >> it is time to disburse. >> reporter: flames reignite a building. and a retired teacher hopes the business she spent her life's savings to open now in the

not macy's, macy's stock, even as the guidance offered by management on the conference call was really nothing to write home about. in retrospect, i think it's safe to say the whole retail world was rocked when macy's cut its forecast and the stock went up anyway. >> buy, buy, buy! >> that's just not supposed to happen. but when it did, investors believed there was something larger, something magical working here, namely a strongly, more willing to spend on the holidays consumer because of lower gasoline and better labor markets. after the run in macy's, everything in the retail world rallied, because as many wondered, if the stock doesn't go down when it cuts its forecast, well, when is it ever going to go down? that made the retailers a safe haven no matter what they said, or at least, that's what we thought, until today. i understand this. hedge funds short the stock of a company ahead of earnings and expect to get paid when they see so-and-so cuts forecast. that stock almost always drops. i would always shout, it's payday when i saw that lingo. and i was short. but nobody got paid

so, brian, the macy's thanksgiving day parade floats and balloons will be flying high in new york city tomorrow. >> we may have a word about that a bit later on. dylan dreyer on i-95 for us. dylan, thanks. >>> back to where we were this time last night. another cold night in ferguson, missouri, a city bracing for what could be a third night of violence after the grand jury chose not to indict officer darren wilson for the shooting death of michael brown. last night may have been calmer relatively speaking, but police still arrested 44 people. nbc's ron allen remains in ferguson for us tonight. ron, good evening. >> reporter: good evening, brian. it has been a better, calmer day and night here. but there's still a lot of tension on this holiday eve. more national guard troops backing local police have helped. but there's still flashpoints for violence and confrontation. at this explosive street corner, police clash with protesters. >> it is time to disburse. >> reporter: flames reignite a building. and a retired teacher hopes the business she spent her life's savings to open now in the

for those looking to get a jump on those black friday sales, wal-mart, target, kohl's, macy's are all opened starting at 6:00 p.m. tonight, nicole. >>> thanksgiving day tradition like no other, the nation's oldest parade prepares for 95th year. "eyewitness news" live where floats and balloons are a at the ready. marching band from across the country are prepared to step off and who can forget santa claus, ready to ride his sleigh into town. just about that time. 8:30. parade starts at 20th street and jfk boulevard and then makes its left turn at 16th street where it turns on to the ben franklin parkway from there thousands watch as it makes its way to the art museum. >>> you just saw thanksgiving messages right at bottom of the screen in we want to know what you are thankful for today. post your messages on twitter, facebook or instagram using hash tag cbs-3 and you might see it here on "eyewitness news" this morning. >>> now in other news this morning and developing right now, protesters in ferguson, missouri continue to demand just advertise after a grand jury chose not to indict a

we'll have your forecast for the macy's thanksgiving day parade in moments. first, mike. >> a light volume of traffic around the bay, that's what we're seeing. that didn't take a genius, i mean i called. bay bridge toll plaza, we have metering lights on. they were turned on 15 minutes later than we typically see. lighter volume of traffic with fas-trak lanes moving nicely. maps, speed sensors are slowing for 580 a bit. we had a backup by 24 but that eased off 880 overcrossing as well, it's built through berkeley for the westbound 80 east shore freeway action. no big surprises for the north bay or coming across the richmond bridge, carquinez and vin niche shah smoothly. no slowing except for antioch, great news. smooth drive castro valley y. southbounding a tad slowing. northbound, reports of a new crash in the center divide. greenville, out of the tri-valley another crash there as well but at center divide. we have no slowing for that portion of 68 through sunol, pleasanton. 237, 880, build northbound to 101680, that's it. live look at palo alto, 101 northbou

and so when we see the national protests, the macy's parade and l.a. and philadelphia, it excites us to know that those of us who are out here protesting against the injusticnjustice, t have brothers in all walks of life this is not just a ferguson issue, this is a national issue and we're excited to see that those throughout this country have taken up arms and taken up a stance against the injustices that are going against all minorities of this country. >> pastor, liz, thanks so much for joining us today. we'll be talking to you in the coming days and weeks. i know we will. thank you so much, today. john? >>> just moments ago, pope francis arrived in turkey for an historic visit this three-day trip could be one of the most challenging of his papacy. a mix of religious and political meetings. with the pope addressing a number of topics, including the influx of refugees from the conflict in syria. arwa damon live in ankara this morning, good morning, arwa. >> it will be a challenging backdrop for pope francis' visit. his first stop will be to a mausole

the macy's downgrade is about running its course. my problem with that is these stocks historically are still inexpensive. they are doing a good job. i don't think target is doing a good job. that stock might be expensive. we saw nordstrom and macy's go up on what was muted outlook. we believed these retailers have been stalled for so long, let's run with the more positive view given gasoline and given employment. i think these stocks have run up and they come in a little. that's okay. >> right. we are talking about a move from $80 to over $100 in a very short amount of time. that's come along with a multiple going up. it hasn't been about the earnings. >> i don't like multiple expansion. i don't like paying up far more for earnings. walmart blew through the $70s to the $80s and come up with comp store sales slightly better and everybody is thrilled. europe is up a lot. yesterday europe was down. we are in an opposite -- we are not trading with europe. i think we are going to trade with these retailers today. >> dick's did meet, comp

. >> i am a retail worker at macies in san francisco and over the last three years i had the benefit of having the better treatment that retail workers receive in san francisco and one of those benefits has been my stable schedule. i know that i am off on tuesday, wednesday and saturday, every single week and i also know that if my employer gives me a shift with less than two weeks notice i have the right to say that i am sorry and i have other plans and i cannot make that shift without being punished to tell them that i cannot work those hours. >> this great for me because i am a student, but some of the problems are trying to scramble to find child care and having to pay money to go to work to break even and don't lose their job. and many are working two jobs, if you are schedule for a job and another job gives you more hours, and it just causes a lot of chaos in people's lifes. and the retail worker's bill of rights, will cover two of those problems and at least give the people two week notice so that they can make the alternative plans, and so that they can make plans for the liv

macy's is for luxury goods. that is one big difference. what tesco's strategy in the western out to be was whole foods, and whole foods has that sorted. insight.s an important me, too doesn't work. >> it has to be differentiated from the market. >> how come we don't have a harrods in new york? >> we have so many department stores here. we are getting the nordstrom and human marcus and hudson yards downtown. >> do they make money on watches? watches inreally six the paper. >> they're making a huge amount of money because of the gross margins on watches are off the charts. >> i think you just told me i got taken. >> we all did. >> mortimer singer and jim mccaughan. coming up, and investment opportunities in mexico next on "bloomberg surveillance." ♪ >> good morning, "bloomberg surveillance." negative eight, nine negative seven, dow futures at -53. yields coming a little bit over the last hour. we need to get to a morning must-read. >> my morning must-read is on yesterday's fed minutes, which was released in the afternoon. contributor to bl