you see macy's on the upside, barron's did mention it although i would note at $32 macy's was $70 in july of last year. but there were some very interesting points. aside from the obvious sale which they felt would net a 50% upside for macy's, downsizing the physical stores could just by itself result in a 20% to 30% gain. and they are the sixth largest online retailer, which is a very good point barron's made. online sales are growing 15% a year. so independently of whether they're sold or not they're still making inroads generally above the rest of the retailers. certainly above the rest of the department stores right now. finally there was an article, i think a very interesting one in the journal about vanguard hitting $4 trillion in assets under management. that's certainly quite a feat. they are not number one, blackrock has been number one for a while. they have north of $5 trillion. that was the end of january. vanguard is beginning of february, but you see the differences here how blackrock and vanguard and state street and fidelity are pulling away from the rest of the pack.

officially macy's has no comment on this report. now star board owns less than 1% of macy's share. a stake that began in 2015. shares are down 55% since then. the activist investor laid out a proposal last january for macy's to form two joint ventures one for the iconic flag ships and one for the mall stores. star board believed shares would go to $70 per hair is macy's allowed their sessiuggestion. it's typically in the spring. we don't know exactly when. if star board wants to nominate directors it would likely have to do so 60 to 75 days in advance so that deadline could be coming soon. macy's has been working on unlock the value of the real estate. macy's hired eastdale secure to approach interested parties. it formed a strategic alliance with brookfield asset management to redevelop 50 properties, sold five stores to general growth properties, sold downtown minneapolis store as well. so it has begun some work but didn't follow to the letter the activist suggestions. >> thank you very much. well, we thought this would be the perfect time to play the macy's dating game. our four

what about amazon acquiring macy's? we could transform the world by amazon's quest to being the number one in apparel. >> you have a herridng trying t swallow a whale in some way. >> exactly. >> whether this deal comes off or not, we're hearing a lot about the value of the real estate macy's has. how do you get to a value on that if, among other things, a lot of that real estate is in malls where you say mall traffic is declining very quickly. how valuable is it? these are big box buildings, the one down on 7th avenue in herald square or macy's in new jersey or macy's -- how do you really value that? how valuable is that stuff anyway really? >> you bring up great points between a, b and c malls. some of them are key properties such as herald square, such as chicago. >> that was it. >> it's about extracting those. >> thanks, oliver. oliver chen, cowen. >> all right. oliver, thank you. >>> up next, we'll talk credit cards, candy. total indulgence of stocks that need to be on your radar when "power lunch" continues. he i d

scarlet: this is macy's, or macy's and bloomingdale's, because macy's the company owns macy's and bloom and does. not that oliver knows. oliver: you are speaking a different linkage. lindsey: we do not have any clarity. i am assuming it is macy's and bloomingdale's. oliver: macy's has active investors on their star board. how does that factor in --is this a debate have been pushing for? they have been pushing macy's to monetize its fleet of stores -- it is something that hsbc did with the sex fifth avenue store. they mortgaged it and made money on it. macy's will shy away from doing anything that drastic. they would like to see a deal, but then they would really like to see macy's use some of the playbook in terms of monetizing real estate. scarlet: let's move to another department store -- nordstrom -- they will stop selling if anke branded -- evocative of branded clothing. the system that would happen regardless, but the election pushed over the edge? sold shoes.y also one of her earliest shoe vendors. the company saying this is only about sales. the shoes were not selling well. about

-- macy's. abigail doolittle has more. abigail: hudson day, the cap company to sacks of avenue had approached macy's for a takeover. macy's is struggling. shares are popping sharply higher. 5.6%. macy's had struggled with disappointing sales and the holiday period. down aboutt now is 54% from its peak back in 20 15. they are really struggling quite of it. but today giving -- getting a pop. vonnie: abigail, thanks for that. macy's had been under pressure. added 220 7000 jobs in january of from the 180,000 jobs estimated. disappointments in wages. 2/10ge hourly earnings are shy. he shared his perspective with john -- with john mccain. down.es were now 2.5%. that is good for profits. drive theumers that economy. if they do not earn enough money or money is only growing at 2.5% , that is a slow growth economy. i can see how markets would interpret it. up 95.tures i like what bill said. reflation, does that give us a reflation boost, or we could hope that the real economy will boost with the trump st

we saw when macy's acquired mae over ten years ago it took a while. basically got into the department store place by taking a -- by valuing real estate but that doesn't eliminate what happens on the top line. top line struggle for department stores. they have some very valuable locations and i think they're pruning underperforming stores. there's more to do. >> how does macy's get improved by this transaction on the top line, if at all? >> i think if anything you're going to have to -- are they going to still be used as a retailer or is it going to be used as something else inside the box? are you going to monetize some of the real estate that you have there and what are you going to do to bring in different activities and experiences to drive the top line? that's about the reimage nation. >> what are you going to do, put roller coasters inside macy's if they're owned by hudson's bay. >> not roller coasters but beauty salons and appliances that others are putting in, gym equipment, food halls, restaurants. how do you get people to spend three hours a

depott, macy's, home moving higher. macy's up over 3% after reporting solid quarterly results. giving a nice boost to the sector as a whole. what about the border adjustment tax? many in the retail industry are word. joining us is matthew townsend and what -- and ellen zentner is still with us. everyone was if he on macy's. what happened in retail? retail bounced back, and walmart showed a lot of strength to neighborhood markets and online. neighborhood markets are like a smaller grocery store or convenience store. and online, they bought jet.com last year. that acquisition is paying off with online sales of 29% per quarter. alix: macy's down just 2.1%, and full-year earnings if you back out gains and charges, on the high-end. is the worst over for macy's? where is this still a show me story? matthew: it is still a show me story. they have we comparisons -- week -- weak comparisons over the holidays. it still remains to be seen how viable department stores are. david: you made the point that it depends on which part of the market you are looking at. these are the moderate incom

you can only get it at macy's. plus, a hugo boss suit. >> great taste. >>> coming up, what's working now. portfolio manager bill smead shares stock picks. >>> then, richard trumka talks jobs and manufacturing. >>> and later, squawk market master mohammed el-erian. stay tuned. you're watching cnbc's "squawk box." opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. ♪ guyhey nicole, happening here? this is my new alert system for whenever anything happens in the market. kid's a natural. but thinkorswim already lets you create custom alerts for all the things that are important to you. shhh. alerts on anything at all? not only that, you can act on that opportunity with just one tap right from the alert. wow, i guess we don't need the kid anymore. custom alerts on thinkorswim. only at td ameritrade. >>> welcome back to "squ

it's something that came up on the macy's call, i'm not sure that macy's would be doing anything differentry right now as a private retailer. yes, there are instances. i think particularly on the branded side. kate paspade and some of the handbag companies. i'm not sure there's a whole lot of options as a private company can be done much different than being done right now under the public eye. >> matt, let me ask you a question that pe guys often bring up about the brick and mortar stories. is there a reason to put a bid under the stock if they have real estate, on the straight idea you separate the declining business away from the real estate assess at sky high values, which name fits that value? every time i want to put money to work it clings to my pant leg going, daddy, daddy, don't let me go out there and die, i don't want to die. they're miserable, miserable stocks. >> i think you need to break the real estate value down between those with flagship properties and those with mall-based properties. and so in our coverage group it would be macy's and that's basically the starboard case h

macy's is not going on get taken out. bed segment where we guessed. >> bigger than macy's. >> what did you do today? >> i was starting to nibble at emerging markets. not at all time hits. at 38.25, if you're following that one. you're bucking up at a very important level. if you break through this level, eem can run like a deer through the woods. i think you have an opportunity had through mid-april. we're seeing the recovery. >> it is a bullish -- >> absolutely. when deer sprint through woods, they're running and not looking back. >> but they're running out of fear as opposed to running out of joy. >> the metaphor, yes, it is aer positive time in a class that is so beaten up. if we have global growth, this week trying exports, imports were better. japanese factory orders. the rest of world is doing just fine. that's what they want. >>> for me, i bought the financials. last week i said you buy them to a breakout. we had the news that daniel mr tarillo will retire. >> i sold pandora. i think it is a disaster. that stock go

who can blame macy's if it wants to sell out. the departure of the ceo, part of a long line of retail bosses who can't figure it out, including may se's itself. maybe they can't figure it out because there's no good answer for bricks and mortar, and the parts, especially the real estate in macy's case, may be worth almost as much as the whole. stick with cramer. ulasound tecolbp eng u robot so then ct repairrosi fore it evev becomemeprobm. beusustys never ing satisfied. and d ways working to beter. ♪ beusustys never ing satisfied. >>> look i hate to chase but advanced micro, alaska air, hasbro, these are the kinds of stories that if we do get that market wide selloff that everyone keeps talking about, those are three you'll want to be in. bull market somewhere. i promise to try to find it just for you right here on "mad money." i'm jim cramer, and i will see you tomorrow! ♪ >> narrator: in this episode of "american greed"... efraim diveroli, just 18 years old, says he is doing his part for the war on terror. [ explosion ] no,

. >> and now to macy's, and a different kind of retail result. the company's profits fell more than 10% and the same store sales slumped. telling them to brace for another year of the same. earlier this month the reports surface that had hudson bay had approached place business a possible takeover. but despite the results, macy's ceo is betting on the consumer and said his company has to be ready. >> consumers have money. they're spending in it different places than in stores like ours. but they're spending it with us online. at the end of the day, the consumer has the money, once they've spent it on these various categories. when they do, we have to be ready. >> the macy's shares flat on the day. >> on friday we told you one of the biggest deals ever was close. now call it a deal undone. kraft heinz dropped its bid for rival consumer bids giant unilever. it was clear, unilever was not interested in a tie-up. kraft shares lost about 2% on the day. >> and another deal we told but last week that it might happen actually did. burger king's parent re

before the bell, we'll get results from home depot, walmart and macy's. as for the rest of the holiday-shortened week, tomorrow look for january existing home sales and the minutes from last month's fed meeting. on thursday, weekly jobless claims. on friday, january new home sales and february consumer sentiment. beyond today's three big retailers, other companies reporting including tjx, tesla, phl brands, barclays, coles, gap and jcpenney. >>> kraft heinz is withdrawing its proposal forever a merger with unilever. kraft worried that it would be too hard to negotiate after the public disclosure of its bid so quickly. a kraft spokesman said the company intended to proceed on a friendly basis but found unilever did not wanted to pursue a transaction. seeing a bit of move. here. unilever basically flat this following a surge in shares on friday for unilever me. >> i was back in the uk over the weekend. a lot of talk about this deal. everything is politicized at the moment. i think that's a factor in kraft heinz's decision. they realize it's difficult to tak

. -- macy's and tiffany's all trading higher. quarter it was a great and the slide down to the first quarter was a bit of a blip in the trend. a bloomberg intelligence believesays she macy's is setting up for more weakness. tiffany is trading higher after tiffany and janet partners have appointed two new members to the board. plunging afteres the fourth-quarter estimate that missed estimates on a price dropping revenue. asked if he thought investors were missing anything in the report. >> we have had a good operating performance in 2016. in the fourth quarter, we just an impairment on the goodwill in our european private bank, and that along with the u.k. bank levy contribute to an operating loss in the fourth quarter. in the first three quarters of the year we had good operating performance and that was sustained in the third quarter, but it was impacted by a couple of significant items coming through. anna: a lot of analysts are interested in whether you are able to change the course of revenue growth at hsbc, whether you are a

many are threatening to boycott macy's until all trump products are out of the store. macy's is not commenting. >>> many people are speaking out against president trump's policies, but there are those that support the president. a crowd of about 40 people gathered in front of trump tower in new york city today. they are rallying in support of the president's policy. many were students that were there among the crowd including columbia students for trump. they shared the president's controversial refugee ban. >> they only ban a few countries. it is not a muslim ban. he didn't ban egypt or saudi arabia that are countries that probab probably should have gone in the ban and it's only temporary until they fix certain policies. >> it was organized by the queen village republican club. >> the end is finally in sight for aldon smith after being suspended for more than a year. the raiders star linebacker hasn't played sint 2015. he was suspended for multiple violations of substance abuse policy. if he can comply with that policy he'll be reinstated in five months. he's had fiv

how bad will it be for the likes of macy's and wal-mart. a closer look at the chief investment officer, rob morgan. heavy rain expected to hit california. what will it mean for the orville but watching. fox meteorologist adam fox. the stock market is closed for holiday. the u.s. stock market futures ahead because we are trading. job features high by 38. s&p higher by three. take a look at a rate not trading at $53.84. you are watching "fbn:am," your first look at morning markets and breaking news. stay with us. ♪ ♪ lea: welcome back at 5:15 a.m. president trump interviewing candidates to be national security adviser. he met with four yesterday and could buy for it today. will open up at michael flynn was fired last week returns for his choice to replace plan but vice admiral robert harwood turned on the job. just what california does not need. more rain. flood warnings in effect for much of the stay put in or avail for the tallest in facing your disaster. the situation has stabilized for now, bitter flavors have surfaced in places like

macy's 5% soaring on reports the store is looking for a buyer. ralph lauren, though, look at that, plunging 11% after the departure of the ceo. more on the two big retail movers just ahead. ryder down 6%, a profit miss there. 2017 forecast below expectati s expectations. >> meeting with harley davidson in the white house today, and we have the latest, eamon? >> reporter: a fun moment at the white house as harley executives rolled the hogs up the south lawn of the white house, south driveway there, the president and vice president coming out to meet with them and talk about the motorcycles and talk about trade policies. once back in the white house, we had a chance to send cameras in to record some of the meeting, and the president talked about how harley davidson has benefitted from tariff policy in the past using harley davidson as a corporate example of his own trade philosophy. here's what he had to say. >> you were victims of trading abuse, big trading abuse, where they were dumping all sorts of competitors all over the place, and ronald reag

earlier this week macy's announced it is on track to close 100 stores over the next few years. no word on how many bay area stores will be affected. >>> up next, something we haven't seen in months and it's making a lot of people smile. o baseball.

>> macy's, i bout macy's as a trade. >> is costco a total dog? >> no, costco is the best name in the group. nothing even close to it. it's the best moat against amazon. and quite frankly, there are no competitors really for the experience that they're giving clients all in. clients are members. you can't replicate that. jcpenney tried, didn't work. that's the one you want to own from a short term. >> ross, $80 price target. >> my point in the call -- >> obvious call? >> my point in the call is coa that if you're going to hire an analyst hire an analyst that follow stocks that others are in the following. in terms of stocks, buy them when they're overhated like i bought macy's at that point in time. caught a lot of guff for it on the panel and from friends of mine and i got lucky. somebody made a bid on it, traded it up more. buy them after christmas is over when things look bleakest. now is the time to own them and that's why i bought it. >> i'm going the give you the next costco. tractor supply company, you know it's true, too. >> farmer jim. th

customers posting on macy's page they will cancel their credit cards if macy's continues to sell her brand of jewelry and clothes. the san francisco chronicle reports nearly all items are being sold as discounts. her marketing director says the brand is continuing to expand. >>> i know the ladies out there have trouble nailing down the perfect lip color. when you find it, it gets discontinued. lipstick and lip gloss and liner is opening here at home in san francisco. pam cook is working on this story. live with a sneak peak, have you had your famous lipstick continued? >> yes, many times. i also yes, i also am so excited to do this story. i'm one of those women who has spent a bunch of money on lipstick that fit in my daughter. i don't like them. i get to work and it doesn't feel right or look right. i am here at beauty labs. they started in new york in sew ho. now there's one in san francisco -- -- soho. so i've been here playing and working on different colors for me. so we are experimenting on color and i just want to show you -- basically i'm here investigating this for you. on h

macy's to post lower earnings per share and revenue. retailer announced plans to close 100 stories that cut thousands of jobs. they see fit to be in buyout talks with hudson bay the parent company of learned tailoring saks fifth avenue. we will hear from home depot this morning. the company to report higher results due to the growing economy. lauren: look at some of the headlines in today's edition of "the wall street journal." $143 billion deal raises pressure on unilever and part-time speed to deal talks between the companies are now dead for both consumer goods giant now find themselves under increased pressure to make bold moves to accelerate their growth. the jilted by dick clark productions by china's stalled because of the claim down on leaving their country. snape tries to jump straight to the go. the classes that record video. the company begins marketing is offering this week slated to go public in the first week of march. they will need to ensure its other products which are the spectacles doesn't become an afterthought. expa

for macy's, that is partially true. macy's would be the first to say we did not have a great year and disappointed in how 2016 went, but they were able to cut costs. you are seeing initiatives pay off. the already said they will close stores. there was no bad news that was unexpected and that made the street happy. >> double-digit online growth for walmart is great, but we are talking double-digit growth from such a low base? >> and they certainly have a long way to go. this is a big deal and the sense that jet.com is starting to pay off, now three quarters, so you are starting to see some actual steadiness here, and not only online, but brick and mortar growth was pretty good as well this quarter. >> the german-based company bayer fourth quarter ebitda. 2.1 8 billion euros. that looks to be coming in ahead of estimates. they say they are confident of closing the monsanto deal before the end of 2017. >> you have exploding cash flow. you are one of the few european companies with double-digit dividend growth. what you go

lindsay: macy's would not comment. i think it makes sense from a prairie view, if you can close the stores or monetize them maybe you do not need hudsons bay to comment by you. ,acy's is making progress although a little more slowly i think as active investor list star board would like. they are hinting that maybe they will do something with their 34th street flagship store in herald square and have monetize their big assets in san places.o and other i think we will see more to come on the real estate. even if they stayed on their own, how much more consolidation does there need to be? department stores are not doing so well and macy's is one of them. lindsay: i think that is the billion dollar question. they are actually in a lot better positioned than other department stores. most everybody else has more storage than macy's so i think we will see consolidation across the industry. the question is what do those become? what are we going to do with all of that empty space? vonnie: walmart, obviously it has got its act

announcing plans to close up to 140 of its stores, following in the footsteps of competitors like sears and macy's. >> so many stores are closing because we don't need the number of stores there are. >> reporter: much of that brick and mortar business stomped out by 800-pound retail gorilla, amazon. and a growing field of discount competitors. traditional department stores, once the anchors of the mall, now a long way from their heyday. >> at penney's, the most important thing we sell is satisfaction. >> reporter: attempting to modernize and reinvent in a world of changing tastes and technology. >> there has never been a better time to be a shopper. go online before you leave your house. check a price, reserve an item, turn up to the mall and it's waiting for you. >> reporter: some stores offering to price match competitors. many department stores hoping to attract customers with

macy's. they appeared this morning to discuss earnings as well as takeover chatter the company may be up for sale. >> first of all, you've heard and read and talked about the rumors have somebody buying us. >> hudson bay. >> and you've heard the rumors that we're buying them. what i can tell you is that we're going to do right thing for our shareholders and we won't be a highly leveraged retailer. those movies never turn out well. we've seen that before. >> kind of a denial that they would be the buyer. that doesn't mean they wouldn't be the seller. do you think macy's remains independent? >> i hope they will. i wish mr. lundgren wouldn't be retiring. i think the challenges over the next two or three years. i think the merger, that will not help the retail business. they have not done well and i don't think they'll add to the -- they won't then macy's problem. the problem macy's has, everybody was in the bricks and mortar business has the same problem xfl they have to make sure that customer

business insider is reporting macy's fine remains to be seen what macy's will do. you heard the report that macy's may be on the chopping block themselves. >> if the business says we're not doing well then guess what they're not going to do well. of course they have to say they're expanding and doing strong whatever it is. >> reading between the lines. >> yes, of course, it's what we do. >> but it seems like it's too avenues coming here. it seems like there's some people that don't want to or are pressuring them to job the line not to give money to those to the white house. >> and maybe the issue that happens with starbucks. we love president and daughter we want three sides to every story. >> it to talk about one point or not prescription drug the big names going up in price and generics are coming down right. >> what is trump administration going to do about that. he met with the drug industry last bike. there's a new report that shows price of branded drug soared 11% last year and again eric went down 9%. >> interesting. all right. lauren, you know how i feel ab

last year los angeles sued jc pennies, sears, macy's and kohl's for fake sales. the companies declined to comment on pending litigation. on the flip side, discounts at checkbook.org found walmart, costco and target put out discounts that reflect genuinely lower prices for a limited time. the bottom line, compare prices in person to other stores and don't buy full price. >> in most stores, don't get sucked in by a special offer or by a sale price because often that sale price is going to be around the next day, the next week, the next month. >> proving some discounts aren't so deep after all. >> jolene kent, nbc news, washington. >>> americans and people just can't get enough of me and my discounts. so this year, they're getting a whole lot more. box 365, the calendar. everyone knows my paperless, safe driver, and multi-car discounts, but they're about to see a whole new side of me. heck, i can get you over $600 in savings. chop, chop. do i look like i've been hurt before? because i've been hurt before. um, actually your session is up. hang on. i call this next on

macy's has had a nice bump on suggests that maybe it is a takeout candidate. guy, remember there's the hudson's bay rumor and reporting that had been out in the marketplace lifting this stock. barron's over the weekend talking about significant upside as much as 50% if they were to do a deal and spin off the real estate asset. jim, terranova has a question about another stock. >> mick, obviously we're talking about stocks today that probably need a significant turn around. i've heard you talk about two names that have done incredibly well. united rentals and sotheby's. staggering performance. how should we be thinking about those? do you still believe this further upside potential for these two names? >> sure. i'm glad to talk about those. we've owned both of those companies in significant sighs over the years. united rentals we have sold out of. that stock has had an incredible run going from i think $70 as recently as, you know, october to, i think, last time i checked it was $125 or so. you know, we think that that is a great business. but we think you have

. >> kohl's, macy's and ar offenders, both in store and online. luring in customers by advertising special low price that is are actually the same price most of the year. sears disagreed on the findings and says it complies with advertising laws. macy's said its pricing varies for items based on the season at of the merchandise. kohl's didn't respond. last year los angeles sued jc pennies, sears, macy's and kohl's for fake sales. the companies declined to comment on pending litigation. on the flip side, discounts at checkbook.org found walmart, costco and target put out discounts that reflect genuinely lower prices for a limited time. the bottom line, compare prices in person to other stores and don't buy full price. >> in most stores, don't get sucked in by a special offer or by a sale price because often that sale price is going to be around the next day, the next week, the next month. >> proving some deep after all. >> jolene kent, nbc news, washington. >>> americans and so this year, they're getting a whole lot more. box 365, the calendar. eve

the inherent value, if i'm grabbing any stocks, it is macy's and gap. >> macy's sold, jwn sold. i would sell those in any bounce. >> i would buy both. if you see anything back off with the border on tax. >> they said could you see it rally on on earnings in short recovery. the record on the tweend will probably be disastrous. >> coming up, after the staggering run to record highs. what is making him so bullish? plus, verizon had going to an unlimited date plan. and love is in the air. much more "fast money" still ahead. new bikes aren't selling guys... what are we gonna do? how about we pump more into promotions? ♪ nah. what else? what if we hire more sales reps? ♪ nah. what else? what if we digitize the whole supply chain? so people can customize their bike before they buy it. that worked better than expected. i'll dial it back. yeah, dial it back. just a little. live business, powered by sap. when you run live, you run simple. >>> the mobile war races on. let's go to morgan back at headquarters. >> i'll give you one guess who is the center of this latest battle in the mobi

for macy's, that is partially true. macy's would be the first to say we were disappointed in how 2016 went, but they cut costs. you are seeing initiatives pay off. they said they will close stores. there was no bad news that was unexpected and that made the industry happy. >> double-digit online growth for walmart is great, but double-digit growth from such a low base? >> and they certainly have a long way to go. this is a big deal and the sense that jet.com acquisition is starting to pay off, now three quarters, so you are starting to see some actual steadiness here, and not only online, but brick and mortar pretty good as well this quarter. >> the german-based company bayer fourth quarter ebitda. -- [indiscernible] that looks to be coming in ahead of estimates. they say they are confident of closing the monsanto deal before 2017. >> you have exploding cash flow. you are one of the few european companies with double-digit dividend growth. what you going to do with all your cash so that warren buffett doesn't call you a

macy will be. >> can't be at the oscars then sit at home with all your pals and make fun of everyone at the oscars. that's what we do. >> sunday night on abc. >> well, if you follow catherine on social media you'll see lots of sweet shots like these of her beautiful and growing family. >> yes, catherine is returning to tv in any new series and she is telling renee more babies could be in her future. just don't tell her husband quite yet. >> we're talking about her new show and her latest addition to her family. >> she just had three. >> you look incredible. >> thank you. >> how is the baby? >> he's fantastic. he's so delicious. >> her body back just two months after saying hello to joshua bishop kelly jr. >> i was pretty nervous about it because as an actor you have bounce back and there's this pressure. >> do you feel like you're done now? >> personally no but i think josh, that might be a negotiation in a few years. we'll see. >> on her drama doubt catherine is a lawyer that falls for a client that maybe guilty of a brutal crime. >> it matters to me what you think. >> your characte

companies like macy's have a hard time saying should macy's be setting up retail? should this be a real estate play? >> the trump dump is what we call it. i really want to give proper at stake on an issue for all of the top retailers in particular. congress comes back next week. speaker paul ryan having trouble selling on capitol hill as they shove into the tax reform ideas. retailers hated. >> this will not pass because spirit of 70% plus and when you start taxing imports more like a sales tax, it gets passed to the consumer. this would not be good for our country. they are trying to do it because it lowers the deficit. but this is not a good plan. retailers are screaming and the suggest now part. >> yesterday on the programs that if you put a border adjustment tax in place, gas prices will go up automatically. he said politically, how do you spell that? >> will impact purchasing power immediately. it just will. dagen: why would republicans come up with something? they are advocates to this idea. again, so politically toxic. >> well, two reasons. if it actually ha

for macy's, that is partially true. macy's would be the first to say we didn't have a great year, we were disappointed in how 2016 went, but they cut costs. you are seeing initiatives pay off. they said they will close stores. there was no bad news that was unexpected and that made the industry happy. >> double-digit online growth for walmart is great, but double-digit growth from such a low base? >> and they certainly have a long way to go. this is a big deal and the sense that jet.com, this big 3.3 billion acquisition is starting to pay off, now three quarters, so you are starting to see some actual steadiness here, and not only online, but brick and mortar pretty good as well this quarter. >> the german-based company bayer fourth quarter ebitda. -- [indiscernible] that looks to be coming in ahead of estimates. they say they are confident of closing the monsanto deal before the end of 2017. >> you have exploding cash flow. you are one of the few european companies with double-digit dividend growth. what are you going

. >> kohl's, macy's and sears are the worst offenders, both in store and online. luring in customers by advertising special low prices that are actually the same price most of the year. sears disagreed on the findings and says it complies with advertising laws. macy's said its pricing varies for items based on the season at of the merchandise. kohl's didn't respond. last year los angeles ggy/vo== right now at 6 -- a reservoir in the southay -- >>. >> >>> right now at 6:00 the reservoir in the south bay is filling over for the first time in years. what's being done to prevent the flood willing haefd a strong storm system that's heading our way tomorrow night. >> human remains found wrapped in plastic in the north bay. why the fbi is now involved in that investigation? >> good evening everybody. thanks for joining us. >>> those remains were found yesterday on platform bridge road. >> and today investigators including the fbi combing the area looking for clues. >> reporter: the fbi is part of this joint investigation because the human remains were found on national p

we know the struggles that macy's is facing. now, the question becomes a strategic one. >> i think we've got the holiday sales warning miss. the shares are up across the sector this morning, but none of these are big beats. share prices suffered a lot. it is a rebound. invento inventory, we knew, is well managed and picked up margins a bit. on the wall mort fromart front, inventory is something they've controlled welcoming into this. the online sales up 29%. that's where they have to make up the ground. that was a slightly better than expected number, and that's why shares are jumping on the walmart front. >> how about home depot though? those sales figures were incredible. 5.8% comps versus a 3.7% expectation. the earnings was a beat. the revenue was a beat. raising the dividendividend. they continue to execute. it is one of the best performing stocks of the decade. >> a strong housing market and a decent consumer playing in home depot's favor. >> back to the terry lundgren interview, came back to the same question at the end o

and macy's. >> does she agree with these? >> partly. i think it's also the membership fees. >> i'll take as much as i can get. >> people love costco. >> yes, they do. >> i don't get it. i live in the city. we don't have one. >> 35 minutes in the trading session, now 34. leading trader will tell us what he's watching into the close when we come back here. >>> also ahead, why two general electric deals could be in jeopardy because of president trump's new immigration rule. that story is coming up. les is ielg0 hci shathr fralre to, erers. th othk les is ielg0 n.er onlths wetrade. arr y exit al pfi >>> less than 30 minutes into the close. the dow is down just barely, about 8 points. s&p in fact just turned positive so we could see a positive finish. half an hour left. the nasdaq is down a little more than 1/10. russell 2000 and small caps down. sony is higher despite reporting a quarterly miss. there's no chance the company will sell any part of its movie and tv business. $962 million charge at sony pictures entertainment led parent compan

for macy's, that is partially true. say's would be the first to we were disappointed in how 2016 went, but they cut costs. you are seeing initiatives pay off. they said they will close stores. there was no bad news that was unexpected and that made the industry happy. >> double-digit online growth for walmart is great, but double-digit growth from such a low base? >> and they certainly have a long way to go. this is a big deal and the sense that jet.com acquisition is starting to pay off, now three quarters, so you are starting to see some actual steadiness here, and not only online, but brick and mortar pretty good as well this quarter. >> the german-based company -- ebitda.quarter that looks to be coming in ahead of estimates. they say they are confident of closing the monsanto deal before 2017. >> you are one of the few european companies with double-digit dividend growth. what you going to do with all your cash so that warren buffett doesn't call you after going down in flames with unilever. >> it is not up to me to

right now, investors like what is happening or macy's. stoxx 600 up for a third day. oil rising, the best performing -- 57nt crude extends to dollars per barrel. opec top official said the group will push for full compliance with supply cuts. i will not steal any supper but what i will tell you is that falling as earlier much as six point 8%, the biggest decline since 2009. fourth-quarter profit miss estimates. it will boost cutting measures and extend a stock buyback. world.gest miner in the topping commodity prices surging from increased demands in china. similar story for anglo american. vonnie. vonnie: we are staying with hsbc. bloomberg's gadfly columnist who covers finance and markets. not a great set of results for hsbc. of brexite first time fallout, is at the bank and the banks in general that will lead the downturn? not yet. we are quite confident in seeing .o impact yet i think what you're seeing here is disappointment because the excitement and expectation around banks recently has been very high, especially surrounding this trump driven pledge for deregul

street justice from macy's harold square. president trump's next move on security. and will the travel ban go all the way to the supreme court? next the justice rolls on in a judge jeanine: welcome back to "justice." the and is here to talk about a big week in the white house. thank you both for being here. indeed, gentlemen, it was a big week. i have got to start with you, neil. was that ban a religious ban? >> yeah, it was. there is some real questions about whether he violated the establishment clause of the constitution. the record shows that he wanted to have a muslim ban back in december 2015. rudy giuliani bragged -- judge jeanine: are you a lawyer? >> no, i'm not. judge jeanine: let me give you a primer. a contract is decide based on what's in the four corn of that document. so the executive order stand on its own it has nothing to do with what was sd before. fit was a religious ban, then how koiment only applies to 12% of the muslims in the world as opposed to 100% of them? >> it doesn't matter if it's all muslims or just 12%. the question is whether it's a

street justice from macy's harold square. president trump's next move on security. and will the travel ban go all the way to the supreme court? next the justice rolls on in a momememememe oh, how was the open house? so good! did you apply? oh, i'll do it later today. your credit score must be amazing. my credit score? credit karma. it's free. that's great! um hm. just whip bam boom, it's done. that apartment is mine! credit karma. give yourself some credit. tais really quite simple.est it comes in the mail, you pull out the tube and you spit in it, which is something southern girls are taught you're not supposed to do. you seal it and send it back and then you wait for your results. it's that simple. if you have moderate to severe ulcerative colitis or crohn's, and your symptoms have left you with the same view, it may be time for a different perspective. if other treatments haven't worked well enough, ask your doctor about entyvio, the only biologic developed and approved just for uc and crohn's. entyvio works by focusing right in the gi-tract to help control damag

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i don't know enough about nordstrom's and macy's to know if it's politically motivated. i know that it is a fair and free way to protest donald trum donald trump. >> dagen: we know enough about business to know that if it was helping their bottom line to drop their brand, it would be very difficult for them to do that. they dropped to the brand because of declining sales where nordstrom let go, there is opportunity for other retailers. you could buy the shoes and the clothing on amazon.com. >> brian: go to trump tower and ask her for stuff. >> dagen: i think it's unfair because she's not the president. she's a family member who has the same last name. if it was any other family and,s move would be called wildly sexist. it's not racist. >> harris: except for the fact that we've seen her sit in. she is part of the politics of the white house. we don't know what she's going to be doing it, but she's married to someone with one of the highest roles in the white house. we know there's access there, if nothing else. you and sandra know this best, when that happens, that's supp

reportedly there is an offer to buy macy's. macy's has been in some trouble. they are going to close stores. they're looking for a wealthier parent i would guess and they found one. they're talking with a partner. reportedly hudson bay but i can't confirm that. ashley: no. stuart: nonetheless i can show you that the stock is up 6% or is that 5% and change? okay, nearly 6%. macy's moving as of this morning. >>> right, i want to bring in our next guest. important guy. he serves on the house oversight committee. republican from ohio, congressman jim jordan. you, sir, got a bone to pick, forgive me, sir. you are determined to repeal and replace obamacare before we get a tax-cut package. a lot of our viewers don't like that. the market doesn't like it. defend yourself, jim jordan? >> well, both are important, as well as the regulatory reform we're doing. so all three of those things are important if you want to create an environment conducive to economic growth. here is our concern about health care. we run elections about this on last three cycles. american people

. >>> macy's and sax could be under the same roof. yesterday he said macy's might be for sxael the canadian based hudson bay which oegs sachs, they talked about a potential buyout. two company are said to be discussing other ways to work together including a possible real estate transition transaction. the oil refiner phillips 66 with challenging market conditions posted a profit lower than estimates. shares off 1% at 79 and 95. hershey posted a better than expected profit but saw sales come up short. the company faced weak demand in its china market. the makers of reeses peanut butter cup and hershey's kisses. the shares up to 106.98. >>> auto nation said it had record earnings but results still missed by a penny. the nation's largest auto retail chain post larger than expected sales. >> and experiencing growth in what he calls lack luster environment. this is his first time joining us. bernie williams, thank you. he is the chief investment officer of investment solutions at usaa. good to see you. let's go right to your stock picks.

dana telsey is a retail analyst. >> do you see the day when a department store like macy's completely goes away? >> i don't see that day. there may be fewer in number and there may be different categories that they offer. but they always provide convenience, assortment and selection. >> though the recession is long over, americans still want a bargain. nordstrom rack, the discount arm of nordstrom, saw its sales rise 4% at the end of last year. tjx, which owns marshal marshalls, t.j. maxx and homegoods plans to open another 1800 stores, and the biggest online retailer of them all, amazon is building physical book stores. kelsey says retailers need both to grow. >> what you do see is if you close a store in an area, your online sales go down. online and physical stores are integrally connected. >> now trying to find the right mix to keep customers coming back. and the money coming in. anne thompson, nbc news, new york. >>> overseas tonight. there's been another shocking twist in the airport assassination of the estranged half brother of north korean leader kim jong-un. you've probably

what's the latest on macy's? >> there are reports of hudson's bay company may have interest in macy's, whether purchase or real estate deal. both companies have no comment. that's not stopping the market from speculating. hudson's bay chairman richard baker is known to have a keen eye for real estate. starboard value at least valued at $21 billion last year. they've been working to monetize. selling five properties, two general growth properties and entering a strategic alliance to redevelop 50 properties and also sold its minneapolis store with three other flagships up in the air. hudson's bay bought a place valued at 3 million. it bought saks at nearly $3 billion. hudson's bay also bought gilt groupe for $250 million. that is digital real estate. as for how far along they might be, sources tell our own david faber that there has been only one meeting between richard baker and macy's management where baker discussed the possibility of a purchase but macy's hasn't engaged in more than taking the meeting. they nee

a sale from macy's is on the table. longtime ceo terry lundgren stepping down as head of the largest u.s. departments during the next few months. that's the report. an attempt to avoid more shakeup, considering a sale of macy's had macy's sales in the past year are down about 30%. this morning if you check out this board come that they are up four the news. they'll send mobile insights ranks t-mobile number one in customer service satisfaction. the company beating out verizon and at&t as the company to be recommended as well. this comes after t-mobile covers sales tax on smartphones tax on smartphones that the deal will give 11% off of a phone price if using a prepaid mastercard. i love this story because i love to look at the video. reports of frozen pork relic inventories reaching their lowest level in a year's. rest assured. earlier this week a story that was going to happen the claims of bacon shortages are unsupported. the processors are paying 30% than they did a few months ago and that increase might show up shor

i'm told macy's may just about be ready to reopen. i'm not sure. indications are -- i don't have them actually at this point. so the shares are still halted. >> any word on the price? >> no. i mean, this is not my reporting. so i only have what the headlines you're reading there. >> dow jones indication was 32.50 to 34.50, last trade 32.21. so we'll keep an eye on it. if we get a resumption of trade you want to stick around and see if -- okay. i guess -- >> we've got it open. yeah, at 32.83. up about 7% right now. $2.43. so macy's has reopened again. it wasn't news pending. it was an imbalance on that story. which i have a sense is going to be a while until we sort of get a better idea as to the likelihood of a potential transaction. >> investors are excited popping more than 6%. >> yep. >> when we come back we'll talk to goldman sachs ceo economist jan hatzus. dow is back above 20k. no longer the worst week in three months, but one of the weakest of the year so far. back in a moment. whether its cofw'mostnneus.or b. bunessounticio cmuun on nturyl

shares of macy's up 5% at 30.72. ralph lauren said it's ceo is going to step down from the clothing retailer on may 1 following a disagreement with founder ralph lauren regarding creative strategy. never a good career move to disagree with the founder. it was mutually agreed upon. ralph lauren reported earnings above expectation and reaffirmed it's 2017 guidance. shares down 12% though, 76.61. the media company has reached an agreement to sell its radio business to the broadcasting company enterkom. the merger will result in an outfit that operates more than 200 stations around the world. cbs shares fraction alley to 64.14. enterkom surged nearly 11% to 50.70. immediate johnson may shoon be taken over by the british company. the owner of the lie sol and wool light brand said yesterday it was in advanced talks to my mead johnson for neil $17 billion. don't mix the wool light with the baby farmla. mead johnson shares soared 21%. >> despite posting lower profit and revenue the "the new york times" beat street expectatio