nordstrom retail gross margins took a hit related to the expansion of its discount concept nordstrom rack. i say, you know what, it is to be expected. also got some year end promotions manager said it should improve full price rather than lower compared to so many other chains, i have to admit it wasn't a perfect quarter bit of a let down. manager believes they could get a handle in the situation. the family is the one that is trying to take the company private. at first the stock got crushed to not so hot numbers. plus it didn't help the day before the new york post ran a story. that piece added to the negative backdrop i think it made investors look at the quarter in a harsher light. not just the mixed result. come on, destroy the anticipated earnings, that is backyard many people in wall street don't believe nordstrom would ever become more profitable more quickly. bob lang one of our technicians pointed out for last time off the chart segment, when nordstrom got hit on friday, the big institutional buyers stepped in and bought this thing aggressively beyond the fact that the fami

gas directive and propose changes will actually harm nordstrom to germany saying that they possible amendments aren't applicable under here opinion or international law so why would russell's come forward with proposals that are known to the bat. yeah that's a good moment to be negotiated and there are. at the moment talks and at the moment there are. some lawyers on. working on that and finally we have to find a solution and i hope that we've. a common solution for europe which increases security to a full blood supply for everybody went up like the five european companies germany and france united kingdom austria invested ten billion euros in a project should in brussels protect their interest as well we we have a market already. approach in europe we want to have a single european and achieve market and we want to mobilize as much private money as possible for increasing and building the infrastructure. so that's the one side and we have to balance it on the other side of course. the european commission is concerned as some of the states going about that dependency on russia or to other par

we'll talk more about the nordstrom project and the opposition to truth from. the rich we've signed one of the great just kill people. but there was one more question and by the way it's going to be our coach. guys i know you are nervous he's a huge star. you have to be the center of the poll we would. go over great britain if you are the rock at the back nobody gets past you we need you to. go. alone. and i'm really happy to join. russia. this special one. just like the radio. latest edition of the go. look at. the local wal-mart selling you on the idea that dropping bombs brings police to the chicken hawks forcing you to fight the battle they don't. produce offspring to tell you that will be gossiping probably by itself of the most important. office of advertising telling me you are not cool enough and let's invite their product.

so nordstrom one remember matt similar strong opposition and it's time the same concerns were raised and about the political influence gas dependence on the pipeline is working fine and europe is still independent last time i checked so why are the same arguments raise against or seem to i mean is there any think drastically different about this project. geo political. situation is different it was not street. took place before we had. the developments and so on and that's. because. a lot of people in europe especially in eastern europe and baltic states as well as and poland and ukraine and romania and so on. they all fear a new cold war and war on. and so maybe that is all these concerns. are also fed by the russian behavior in the last year but the if you. think. i'll turn it that is my hope i mean that i snored streams don't vote for both but right but that's my whole point the first pipeline first north stream didn't cause the cold war did it why would the second one but it's all about money it's all about. the profit now and always i didn't say that north stream through its is

he likes costco, macy's and nordstrom. but the one to buy into the weakness tomorrow is going to be tjx. coidnser that as the first line of defense in tomorrow's trading. stick with cramer. thanks man. imagine if the things you bought every day... earned you miles to get to the places you really want to go. with the united mileageplus explorer card, you'll get a free checked bag. two united club passes. priority boarding. and earn fifty thousand bonus miles after you spend three thousand dollars on purchases in the first three months from account opening plus, zero-dollar intro annual fee for the first year, then ninety-five dollars. learn more at theexplorercard.com co >>> for those of you who are still on the fence about the semiconductor stocks, if you are aware of this group, because historically it has been a boom and bust system. another piece of evidence that the space will be roaring once again. today, cramer fave lam research held an analyst and investor day. management told a compelling story and the stock caught

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worth february sales throughout the day best buy, kohl's, amc networks report before the bell gap, nordstrom, american outdoor brands also out after the close. a lot of people will be watching that one >>> in earnings news, shares of ab inbev moving higher after reporting strong quarterly results. landon dowdy joins us with more on those numbers >> that's right. shares of anheuser-busch moving higher after better-than-expected earnings. they reported higher profit in the fourth quarter thanks to savings from the sabmiller acquisition and a rebound in brazil despite the strong finish, ab inbev is still struggling in the

and nordstrom rejected a takeover offer from a nordstrom-founding family, saying that proposal the retailer. the family which owns more than 30% of the company offered $50 a share for the parts of nordstrom own.esn't already the shares initially fell in after-hours and ended the regular day down 2% to >>> a new program teaching inner city kids how to invest i real estate drew some heavy hitters to yankee stadiumy. yester and diana olick was among them. s reporter: these k from the bronx are not heading into a baseball game. they're taking a step toward a brighter future. part of aroam called project destin, designed to teach teens theal fundame of finance, specifically investing in real estate. >> we have to help them llunderstand, you can act make money from real estates and have a good life from real estate. it's the brain child of cedric bobo w launched it barely two years ago in detroit and brought on former yankee legend alex rodriguez, who now runs his own real estate development firm. he t brought ithe bronx. >> i was born down the street in washington heights. and i've always loved

in pfeiffer speaker of the christian democratic union party and chairman mr to talk more about the nordstrom to cap plan project and the opposition to trade from overseas. for a world cup twenty eight team coverage we've signed one of the greatest goalkeepers of all suck but there was one more question and by the way was going to be our coach. guys i know you are nervous he's a huge star among us and the huge amount of pressure to come out you have to meet the center of the football with you and we'll show you all the great game the greatest game you are the rock at the back nobody gets past you we need you to get the ball going let's go. a low as just i want to know and i'm really happy for joined out to for the thousand and three in the world cup in russia meet the special one i was also appreciated meets just like the radio the aussie teams the latest edition to make up a bigger certainly better jersey look. with no make this manufacture come sentenced to the public well. when the ruling classes protect themselves. with the financial merry go round to listen to the one percent so. we can

the nordstrom family owns 21% overall of the company's shares. clearly the bid would be for what they don't own in conjunction with their partners. 50 bucks not going to do it. you can see where nordstrom is trading. no surprise that wouldn't do it. they say the special committee, that unless the management group is able to promptly and substantially improve the price it's proets posing to pay, the special committee intends to terminate discussions. last year, of course, there had been discussion about this potentially bid but they were unable to find the financing necessary to move ahead with that bid coming back this year and actually making the bid, but apparently according to special committee of nordstrom's board of directors, which is set up to represent shareholders unaffiliated with the nordstrom family, it's inadequate and substantially inadequate would seem to be the keys last night that's one piece of news we have this morning on nordstrom. we'll see -- this afternoon we'll see how it trades in the morning as well. >> you also have new

shares of nordstrom are down 4% right now. no mention so far in the press release of anything about trying to take the company private. the conference call starts in a little bit >> thank you stakes are pretty high for nordstrom here to get better financing if they want to get this done and take the company private. >> as courtney says, if they didn't mention it, there's no update on that, you're in march right now, if you're a retailer, you know what holiday did, you have guidance that's okay and not great. therefore, you back off after a good run in the stock. >> margins, margins, margins my suspicion -- maybe they're a little less bad. i think people think, well, if they don't think things are that great, are they having challenges on the private sdmrags. $55 a share is where people come out on the privatization it's 48 and change that makes sense to me >> nordstrom down 3%, a little more, after hours. we also have returns from american outdoor brands. how did they do? >> not good. the reason we're talking about outdoor bra

we have not seen mimes we have nordstrom in wa and we need nordstrom to use we need the parts line through crane absolutely we're kind of well given no one in russia no one here wants to eliminate their elimimian billions need to be invested in that market invest that in recent years ukraine state owned oil and gas company has been collecting around two billion year. rose annually in transit fees for the country's coffers but the windfall from the russian pipeline has been not just a blessing but also a curse. it will for the rupee sure hoss sober i have to admit the gas has always been the biggest source of corruption in ukraine school of the war and that's because we're not just talking about gas worth a million dollars or one hundred million dollars which are in your heart where the billions of dollars for american sport or so if we have a kickback of ten twenty or thirty dollars per cubic meter of gas that ends up totaling hundreds of millions of dollars at the border folks want to go to school but it got to be a standard practice or gazprom a way for them to buy off the ukrainian poli

nordstrom has been doing a good job of building its online sales. you want to make sure they are not relying too heavily on the nordstrom rack brand to carry on . you want to see some strength from the banana republic and gap brands. maybe has been a beacon of steadiness -- old navy has been a beacon of steadiness. the other companies have been a drag. all these companies are doing things differently, and seemingly succeeding at it. as they doing something these legacy retailers -- are they doing something these legacy retailers need to take on? sarah: they do have lessons. legacy retailers have learned. kohls has an interesting partnership with amazon now. they are accepting amazon returns in their stores. you can benefit yourself with all the shopping people are doing on amazon, in the foot traffic. vonnie: let's get to the president of the united states. they have been fairly by bad trade deals and other countries. they had not been properly represented, more importantly because the workers in our country have not been properly represented. steel

nordstrom falling sharply. the gap is soaring after their holiday quarter reports. we'll dig through the numbers on this friday, march 2, 2018 "squawk box" begins now. ♪ >>> live from new york where business never sleeps. this is "squawk box. >>> good morning, everybody. welcome to "squawk box" on cnbc. we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. yesterday we saw a huge drop for the stock market this morning futures are in the red once again futures down by 163. s&p off by 12. the nasdaq off by 32 what's most significant about this is the steady drops that we've seen all through the course of this week. >> except for monday >> except for monday we have seen declines that have continued day after day. yesterday big surprise market had been up by as much as 156 points at the time it was down by as much as

oftentimes becomes a political thing for instance the polish prime minister says nordstrom too as a political project aimed at undermining central europe there's a ukrainian member of parliament his comparing the an astute with a molecule ribbentrop pact in the thirty nine how are statements like that affecting the projects perception in your country in germany. we say and we think it's not to put it to go pro checked it's private approach it's privately motivated it's privately financed there is no public finance if you look maybe to what the post polish government now at the moment tries to add to this that pollution. elenchi terminal all they have learned she told me one day old on to build a new pipe and that this system may be or will be supported for example by the european union and i welcome this brooch act as well because it also diversifies their roots and to diversify. the markets and so we can bring more competition and more security of supply now the european commission wants to take over and not stray into negotiations from germany and bogged down in the office and red tape all

nordstrom's shares initially fell in the extended session. ey ended the regular day down more than 1% at $50.48. also out after the bell, american outdoor brands. it said sales fell in the latest quarter is a result of what called challenging market conditions. the gun maker, previously known as smith & wesson, said it expects demand to weake the company gave a down babeet profit outlook.sh es initially plunged in the extended extension and ended the regular day up 4.5% at $9.41. >>> you may have noticed that big u.s. companies are aggressively buying back their shares. according to the "wall street journal," companies have announced more than $200 billion the are buybacks in just past three months. that's thanks to the ctsporate tax and this has created a boon and is raising some questions about how those savings are being used. acony otanny wrote about it for the "wall street journal" and joins us now m with somee details. welcome. nice to have you here. >> thas for havingme. >> put this in perspective. we've been tracking this for a while.

nordstrom formed a special committee to review the offer given the family's 31% stake in the company. >>> shares of smurfit kappa is soaring after rejecting an unsolicited takeover offer from international paper. smurfit said the bid undervalues the xhacompany. that's jumped 19%. >>> 3m naming michael roman as the new ceo. tulean who has led 3m since 2012 is credited with steering the company through a global downturn and back to revenue growth. >>> still to come on "worldwide exchange," populous power. what the changing political tide in italy means for the market. >>> plus -- >> three, two, one ignition >> another big win for elon musk as spacex shoots a bus-sized satellite into outer space details when we meco back. we're voya. we stay with you to and through retirement. so you'll still be here to help me make smart choices? well, with your finances that is. we had nothing to do with that tie. voya. helping you to and through retirement. but i'm not standing still... and with godaddy, i've made my ideas real. ♪ i made my own way, now it's time to make yours. ♪ everything is wor

gas directive and the proposed changes will actually harm nordstrom to germany saying that they possible amendments aren't applicable under here opinion or international law so why would russell's come forward with proposals that are known to be bad. yeah that's a good moment to be negotiated and there. at the moment they are talks and at the moment there are. some lawyers on. working on that and finally we have to find a solution and i hope that.

nordstrom verse of the nordstrom. the founding father pitted against the board of directors. markets are closing in two hours. you could make the argument the s&p nasdaq is building on yesterday's advance. julie: right now, yes. we have seen them bouncing between gains and losses. at the it does look moment we have a second straight day of gains. days&p 500 is the first since february 1 it has had a range of less than 1%. at we have come back to getting used to seeing this in the market, this day is an anomaly. where are we seeing strength today? specifically, semi conductors. today, it iscord interesting to point out while it is rising the s&p 500 is trading 5% below its all-time record it hit generally 26. mention,positive raising its price target ahead of earnings saying the company is benefiting on semiconductors moving on periodic takeover chatter. shares were up 4% and intel is rising as well at a record. its highest in 17 and a half years. take a look at the bloomberg and the quarterly performance. you can say the are outperforming. -- you can see they are outperformin

a $50 a share offer by the nordstrom family group. nordstrom's shares are moving in after hours as well. the reason is because it is inadequate, that $50 a share price tag, and they are discussing terminating the session we have talked in the past, julia, how difficult it has been for the family to keep the company private. it is to significantly cost intensive. it is a tough industry. annual session of the national people's congress in changess constitutional to allow president xi to stay beyond his second term and perhaps structuring his economy under president xi. with some insight into the objective, here is nicholas .onsonery he has been researching and analyzing china now for 10 years. it must feel like a longer time, actually. talk about it right now. of how an overview important is the idea that president sheikh of the place now for many, many years, that's president xi -- president xi could be in place now for many, many years. the ntp is the one window we have into china policymaking for the year, and the chinese president h

did you see there's a nordstroms in manhattan now >> really? >> 57th street >> it's going up starting it's there, nordstroms coming. it's the first one, isn't it >> i think it's the first. >> there might be one of the nordstrom rack stores somewhere. >> the piano ♪ >> the shoe department they were always better than everyone else because of that. do they still have that? they cut corners >> i walked by one maybe a year ago. it was not playing the piano was there. >> i would have a player piano and have some schmo, bring him off the street you don't need that. >>> fedex expects better-than-expected third quarter results helped by a stronger economy and higher volume and shipping rates, however it was offset because of disruptions because of bad weather. >>> and we will talk to an analyst at the bottom of the hour to talk about those results. the company has been in the news with the package exploding on one of the lines, one of the conveyor belts >> i believe that's how they were able to track down the suspect. they got video from a fedex -- >

speaking of abercrombie & fitch, i did want to get to nordstrom we did discuss yesterday the nordstrom family and as well as private equity, getting rejected at 50 bucks per share a couple of things to share. the cost and capital when you are trying to raise your financing, when it comes to retail, it is a bit more difficult than any other industry, of course, you don't need to go far to look at why whether it is toys r' us or neiman's or jc penney, it is not easy raising it so it is been termed to struggle to me in terms of getting the higher amount of financing needs to meet the ex peck tapectations o committee. you thought 26 to get it done. the question is can they get financing to the level that they want in terms of capital and how it works and they would also be tiebl g able to get as a result of taking it private. we'll keep an eye on it but said to be a struggle >> so in other words, if we look at say the ratings of the debt for a lot of retailers that went private. i know the s&p have been cutting them and directly impact the ability. that brings up questions of the cvs bonds

what does cfius think of nordstr nordstrom? >> i think cfius did not get to lean in, 30% of the products, all from the last five years jim, to your earlier points of china and national champions, you seem to be indicating that the u.s. should have national champions. they seemed to be establishing one of qualcomm. >> okay. we lost our early and initial gains, dow is up 100 or so, it is opening strong and softening up let's get to bob pisani. >> yes, some of the big industrials moved yesterday are not doing that much. look at the sector here, it is a secular play consumer staples are down and utilities are on the downside. amazon and netflix and apple are doing well we talked yet on "fast money" of netflix and what it has been doing. it is an amazing story they have surpassed some very big names in the s & p.net fl s netflix is $138 million. it blew past mcdonald's and nike and the next one is 3 m and is abo is -- elsewhere, europe we have been paying attention to them. the two groups, the autos and the banks, they have a tough

nordstrom, jp penny, macy's all up michael and matt joining us. you like nordstrom specifically, matt, why? >> on a couple different reasons. number one, the rally in the whole group that started in november, you know, obviously the -- sorry, the holiday sales had a lot to do with that and also had to do with a huge amount of short covering you saw huge short interest in macy's and jcpenney but not nordstrom. that stock has lagged a little bit. it's coming up and going up on a technical basis. it's bumping up against its trend line going back to the 2015 highs also making a symmetrical triangle formation if you can break above that level, it should be quite positive again, the thing is it hasn't rallied near as much as the other ones they seem to be getting ahead of themselves people might want to think about swapping out jcpenney and macy's to nordstrom. >> your thoughts >> there were bankruptcies, restructurings but we think they're on a path to recovery, but it will be case by case, store by store they are still facing headwinds. technology is

another deal facing shery: challenges nordstrom. ed: the latest is the family has been trying to take this private or some time. there have been issues of valuation differences. and theeen rejected special commission has been set up to revise nordstrom independent of the family to reach a fair value. they said it isn't enough and they need to do better. we go back to the negotiating table and if they can come up with more money, debt and more favorable conditions, to try and finally take this up? shery: just a quiet weekend. ed will be out this weekend with center view eastern.at 3:00 p.m. coming up, bloomberg exclusive interview with conoco phillips chairman and ceo ryan lance. by he says shale is here to stay -- why he says shale is here to stay. this is bloomberg. ♪ ♪ foole: do not let that you, it will be snowing in new york today later. i am vonnie quinn. already very cold. i am shery ahn. this is bloomberg markets. we are seeing the dow and s&p 500 losing ground with mixed and fluctuation as investors are busy trying to fi

lauren: coming up, nordstrom rejecting the family buyout offer. we'll tell you why in just a bit. billionaire paul allen of microsoft making his storage discovery this time off the coast of australia. we'll show you. ♪ with me when this guy got a flat tire in the middle of the night, so he got home safe. yeah, my dad says our insurance doesn't have that. what?! you can leave worry behind when liberty stands with you™. liberty mutual insurance. ♪yea, you can be the greatest ♪you can be the best ♪you can be the king kong ♪bangin on your chest ♪you can beat the world you can beat the war♪ ♪you can talk to god while bangin on his door♪ ♪you can throw your hands up you can beat the clock♪ ♪you can move a mountain you can break rocks♪ ♪you can be a master don't wait for luck♪ ♪dedicate yourself and you can find yourself♪ ♪standin in the hall of fame ♪and the world's gonna know your name♪ when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real

nordstrom verse of the nordstrom. the founding father pitted against the board of directors. markets are closing in two hours. you could make the argument the s&p nasdaq is building on yesterday's advance. julie: right now, yes. we have seen them bouncing between gains and losses. so yes, it does

worth february sales throughout the day best buy, kohl's, amc networks report before the bell gap, nordstrom, american outdoor brands also out after the close. a lot of people will be watching that one >>> in earnings news, shares of ab inbev moving higher after reporting strong quarterly results. landon dowdy joins us with more on those numbers >> that's right. shares of anheuser-busch moving higher after better-than-expected earnings. they reported higher profit in the fourth quarter thanks to savings from the sabmiller acquisition and a rebound in brazil despite the strong finish, ab inbev is still struggling in the u.s. as budweiser and bud light continue to lose market share to wine an spirits and as consumers switch to beers to smaller craft brewers. the company saying we're not satisfied with our market share per forl mformance and are workr to balance the equation. beer sales have fallen 15% since 2008 analysts and ab inbev are optimistic about 2018. brett cooper noting that q1 is expected to be weak, but we should see improvement over the balance of the year. the stock down about 11

the marketing at the time was focused on national discount retailers, target, nordstrom rock, off fifth and toys r us were identified as potential tenants. as you know toys r us went belly-up and nordstrom rack, target all opted for existing retail spaces instead of committing to a site where construction hadn't even started yet. other tenants were simile reluctant to commit, and the current owner actually acquired the property out of foreclosure in 2012 and finished construction about this time last year. they've been actively marketing the property since then, though there are a few prospective tenants, a variety of -- [ inaudible ] >> first, there is the amazon effect. many larger companies that would have taken large floor plate retail are closing stores or down sizing due to on-line competition. and some analysts predict that shopping malls in the country could close by 2022, so it's not exactly a pretty picture for retail nationally. fortunately it is a bit better in san francisco and union square, but retailers are looking for smaller spaces, and they're less attracted to upper f

coming up, we'll have the trades on nordstrom, target, ups, we'll xtheli, icis btzwhh ne but i'm not standing still... and with godaddy, i've made my ideas real. ♪ i made my own way, now it's time to make yours. ♪ everything is working, just like it should ♪ we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. >>> nordstrom. >> last week, they were reporting that they were having trouble getting the money together to even make that $15 a share offer, judge, so i think overall, cooler heads prevailed here and they're not going to take it and just dump a bunch of debt on it >> joe, pete is catatonic today. somewhere. target shares. are tumbling from your brother? >> he got hit by good waves in hawaii >> stock's down 6 president 5% on earnings. >> that's why you don't make friends with the band. >> there's a lot to talk about here online sales up 29%, but the margins were the worst in the last 20 years and clearly, in an elongated holiday season is having an impact when y

the nordstrom family's $80 billion buyout offer good. nordstrom down to 51 box, close to 2% in the early going. higher sales, the profit falling short in the holiday quarter. target down 125% at 74 bucks. make donald swapping frozen beef patties for fresh ones. sounds better to me. by may, the quarter pound burgers in the lower 48. bad news for alaska, will be made from fresh beef. at 37 cents at 151-2040. he's joining us today as always? also with us today, mike murphy. the a-team with us today. higher open after a big rally last session. still a bit volatile out there. are we stabilizing a little bit? equities looking good. >> i think right now this market is so locked onto news. every headline is moving the market majorly in one direction or another. what i think is going to happen will have this celebratory rally on north korea and it will become so focused on interest rates where interest rates are going because last week powell started talking and it started to sound like he's going to raise interest rates and 1400 planes disappear

>> i think amazon -- the bruce nordstrom, one of the nordstrom brothers, once told me amazon is the best customer service in the world. when you go to nordstrom, you can bring back a shirt that's worth two times. he says amazon absolutely has it i called him at 3:00 a.m do you have movies about sta stalling going to berlin and they came up with a stalling produced and directed movie that was simply horrible but they had it they're scary. they said mr. cramer, we see you like this and this, have you thought this movie directed by joseph stalling. >> is that a cramer's specialist service is that available to all. >> anybody can call them and ask them questions i was blown away by their customer service >> usually their recommendations they don't get it right. >> you are british -- that's not fair they do know you like the crown, right? >> i do like the crown i got crown, cork and seal you crown, i am crown. >> i just think, yes, netflix rehastings is using artificial tell inten intelligence the other guys have all the stuff that tells you what to do. >> did you use the weakness of all tech

maxx, burlington, nordstrom rack have faced the lawsuits. colts was accused of marking prices up to mark them down. what is new is that the survey found two chains are holding what they call legitimate sales. like costco, bed bath and beyond, the sale prices were only in place less than half of the time. we reached out to all six of these retailers accused of holding sales that take place nearly year-round. only jcpenney got back to us and they say they use promotional pricing or pricing models employed often in the retail industry which is sort of the point. everyone does it except apparently costco and bed bath and beyond. >> have you ever walked into a store and there wasn't a sale going on? >> if you want a sale comparison shop on your phone. >>> san francisco is celebrating the 50th anniversary of japan-town. groups organize the celebration to mark the changes the neighborhood has undergone over the past 50 years.>> at that time people were not purchasing as much because of the war but now this is introducing the american people to what

nordstrom gets more than a quarter of its revenue interest online sales. amazon is expanding its two hour delivery service from whole foods to two more markets, that's san francisco and atlanta. the service is free for prime members on orders of $50 -- more than $35, rather. other cities are expected later this year. customers in san francisco, listen up, will also be able to order peer and wine. back to you. >> now if i can get somebody to exercise for me, too, this is great. thanks, landon. >>> a mystery unearthed in the northeast after a powerful storm blew through maine this past weekend. a ship wreck was discovered. visitors are flocking to short sands beach to catch a glimpse of the ship sent ashore by powerful waves. >> it's awesome. i don't know how old it is, but it's incredible to see it still in the is a nd. >> i've heard people talk about this ship and it shows up every once in awhile and it's never surfaced when i was around so i made the drive up here this morning, i heard it had surfaced. >> i think you will agree it's a hull of a site. hist

coming in at number two is nordstrom, amazon beat them both, but just by a couple points on a 100-point scale, not very much. i'll post the whole list on abc 7 news.com. >>> the website flex jobs.com has put together a list of states offering the most current remote job listing. california comes in number one followed by texas and virginia. an interesting fact, 95% of those hiring require removte workers to live local. part of the reason for that is the need for regular in-person meetings. so you're allowed to work from home or a coffee shop, but they don't want you two states away. >> get out of the rough weather. >> now your accuweather forecast with sandhya patel. >> we're off to a wet start. take a look at live doppler 7. we'll show you where it is raining. san francisco, we are seeing wet road ways as we take a closer look from the sunset district. mission street seeing rain. redwood city, street level radar, i'm getting a tweet from somebody in the redwood city air yeah. the wind and rain has really picked up here we're seeing that on radar. in the south bay, lighter rain except a

over in nordstrom. when i arrived in germany the hardest part was the winter. i had to get used to cold weather. one of the things i miss most is my family really i do feel at home here in berlin but nothing can replace my family is mine of me anything i've said so. christine was born in one nine hundred seventy three in the indonesian capital jakarta and came to berlin twenty years later as a student he planned to return to indonesia after he studies but he was offered a job as an i.t. consultant so he stayed he made his wife while on holiday in indonesia they now have a son. in twenty twelve christian took over took took the oldest in the news in restaurants. and you know like to cook not just because i like to eat. when i was a student my girlfriend who's now my wife was always begging me to cook for her. this is not customary for the men to cook in indonesia it's always our mother's. cooking and trying new dishes was my hobby so. was opened in one nine hundred eighty four and back to strict in the sidestreets of the. one of. an estimated two hundred fifty t

nordstrom gets a quarter of its revenue from online sales. >>> walmart is taking on amazon and blue apron. their kits cost between 8 and 15 bucks and range from pot roast to steak deshone. they are available at 250 stores and will be in 2,000 locations by the end of the year you will have the option to buy them through walmart online grocery pickup service. >> trying to make things easier, i suppose, for families. >>> happening today, live look at oakland this morning where a very important guest will be speaking tonight. the former united kingdom prime minister david cameron is in town. he will speak at the oakland speakers series at the paramount theater. it's the largest community speaker series in the nation. unfortunately if you're want to go hear from cameron yourself and don't already have tickets you may be out of luck. the event is completely sold out. >>> it's 4:41. coming up on "today in the bay," vianey, you are tracking a warm up in store for us. >> definitely. we're even starting to notice it at this hour. 43 degrees in san jose, yesterday it was pretty much 30s across the b

will also have a lot of corporate news to mull over including earnings from retailers gap, coles and nordstrom. still to come: we hearfrom the boss of the world's biggest advertsing firm wpp, sir martin sorrell, on how social media is changing the world of advertising. you're with business live from bbc news. a report on the uk car industry after brexit suggests a no deal scenario would mean the loss of thousands ofjobs and millions in investment. the select committee report suggests the uk must closely align itself to the eu's trading model to give car manufacturing a realistic chance of survival. david bailey, professor of industry at aston university, gave evidence to the committee. david, tell us a little bit more about this scenario that is being played out. the report is very hard hitting. the mps on the committee have done a greatjob of spelling out the issues facing the car industry in the wake of brexit, and they make the point that there is no benefit from brexit for uk car industry. there are only costs and this is about damage limitation. in particular they make the point that no d

the one exception is nordstrom duo like nordstrom it has a reputation for high level service and experience that translates and builds quite a bit of loyalty it has done a great gap with their robust app and they have a free shipping and returns policy >> and i hope over the weekend they have listened to tyler and they will have a store wide liquor license in the manhattan store. >> serving manhattans. >> what do you think of retail here >> it is interesting i agree with mark. on a technical basis you look at the way the group bounced back you look at the xrt and it saw decent bounce back he got up to the 50 day moving average. it has been bumping up against that it hasn't been able to break a budget i like this stock as well. on technical basis if you're looking for a stock you'll follow macy's or you're looking at a stock that is starting to break out. you can see it is bumping up against the trend line going up to the 2015 highs. it is slight lig aboly above it. it can help to play catch up for some of the other things i agree. that's the one you want to look at >> thanks so much of for

♪ >> shares of nordstrom falling by as much as 2%. the board of directors turned down and $8.4 billion bid by the founding family. how much more money can the board get? >> absolutely. that is the key question. right now they're getting $50 per share. the stock has traded about that for some time. the family saying that is the premium baked in. we are giving you a 24 point -- we're giving you a 24% premium. how i could go? this story broke in june of last year. >> there's a 24% premium baked in. >> what investors that i want $60. this is a difficult deal to get finance. there are not a lot of examples of retail that are highly leveraged doing great. neiman marcus would be your obvious goto example. they are struggling. ♪ >> cvs kicking off the third biggest bond sale with aetna. the move has the at appetite. off to the worst annual start in decades. plenty of demand share, but cbs -- cvs only sold 40 billion. >> i wouldn't take it as a sign that the deal did not go well. it definitely did. we saw orders of three times what cvs was o

bid by nordstrom executives and family members to take the company private for $8.4 billion or $50 per share in cash which was rejected from the company's independent board. some analysts say this is the beginning and the talks could continue. it looks like mattel's getting dragged lower by commentary from lego on demand. we are watching oil today which remains slightly higher but it is off its highs considerably. we saw a selloff earlier and we have commentary from russia that says the oil market is rebalancing as early as the end of the third quarter. another report that russia is not considering joining opec. there it is. that reversal in oil after the headlines came out. there is a big meeting of oil executives and alix steel is down there. you can look at the bloomberg and it gives us the latest landscape on output around the globe. u.s..ite line is the we have seen output in the u.s. really rise. we've got russia in yellow and saudi arabia in blue which gives you the landscape as we have big oil discussions. mark: thanks a lot. we are 30 minutes away from the and of the tuesday s

we have not seen mines we have nord stream of water and we need nordstrom to use we need the pipeline through crane absolutely work and of what even no one in russia no one here wants to eliminate that elimimian billions need to be invested in that pipeline invest that in recent years ukraine state owned oil and gas company has been collecting around two billion year. as annually in transit fees for the country's coffers but the windfall from the russian pipeline has been not just a blessing but also a curse. you have mostly with. hearts so i have to admit the gas has always been the biggest source of corruption in ukraine score of the war and that's because we're not just talking about gas worth a million dollars or one hundred million dollars which are in your hearts whether billions of dollars. or so if we have a kickback of ten twenty or thirty dollars per cubic meter of gas that ends up totaling hundreds of millions of dollars of the border folks want to go to. america to be the standard practice of gas profitable a way for them to buy off the ukrainian political establishment an

we have not seen mines we have ignored streaming water and we need nordstrom to use we need the parts line through crane absolutely work and of what even no one in russia no one here wants to eliminate that really million billions need to be invested in that part of invest yet that in recent years ukraine state owned oil and gas company has been collecting around two billion year. rose annually in transit fees for the country's coffers but the windfall from the russian pipeline has been not just a blessing but also occurs. in the rupee. suggs b i have to admit the gas has always been the biggest source of corruption in ukraine score of the war and that's because we're not just talking about gas whether a million dollars or one hundred million dollars but you're in your heart where the billions of dollars for the sport to go so if we have a kickback of ten twenty or thirty dollars per cubic meter of gas that ends up totalling hundreds of millions of dollars order folks want to. got to be the standard practice of gas profitable a way for them to buy off the ukrainian political establish

nordstrom formed a special committee to review the offer given the family's 31% stake in the company. the stock trading at $50.78. >>> shares of smurfit kappa is soaring after rejecting an unsolicited takeover offer from international paper. smurfit is not disclosing the bid, but said it undervalues the company. >>> 3m naming michael roman as the new ceo. he replaces inga thulean who has led 3m since 2012 an is credited with steering the company through a global downturn and back to revenue growth. >>> when we come back, target is expected to report in just the next few minutes we'll bring you those numbers and instant reaction from wall street. >>> then analysis of president trump's trade policy we will talk to wendy cutler she worked as a negotiator for the u.s. on the transpacific partnership. right now as we head to break, a lock at yesterday's s&p 500 winners and losers big thinking in the finger lakes is pushing the new new york forward. we're the number one dairy and apple producers in the eastern united states supported by innovative packaging that extends the shelf life of fo

she caught the attention of nordstrom. all while still working out of that bedroom. >> they called and they after they received the order and they had an issue, we need to speak with your shipping and receiving department, so i'm, sure, of course. hold one moment, please. i'm like, mom, nordstrom, they need shipping and receiving. she gets up and do it, this is janet, shipping and receiving for kendra scott. mom, she's amazing. >> that's great. >> i think it is amazing. >> as her business grew, so did her family but shortly after having her second son, kendra became a single mom. it was a challenge she met with motivation. so how old were your sons then when you got divorced? >> one and three. >> so they were babies. >> yes. >> are you really feeling i have to make this a success? >> 100%. what's your decision at that time? >> it was really hard because people would say you just need to go get an angel investor, and i'm like where do they hang out? how do you find one of these magical angels. i think for us a pivotal momen

>> shares of nordstrom falling back as much as 2%. its board of directors turned down an $8.4 billion deal by the founding family. they want to take the private board, how much more money could the board get? >> that is the key question. right now they're getting about $50 a share. the stock has traded above that for quite some time. the family is saying that is the premium that is being baked in. we are giving you a 24% premium over the share price before we announced we were looking into it. how high could it go? julia: >> this story broke in june of last year, there is a 24% premium baked into it. how much do they still want? >> one investors said $60. this is a very difficult deal to get financed. there aren't a lot of example of retail that are not highly leveraged that are doing great. neiman marcus would be that are doing great. your obvious go to. of the department store chains that are highly leveraged, they are still struggling. scarlet: cvs kicking off the third biggest corporate bond sale on record to fund its acquisition

of the data helped some retailers, macy's, nordstrom and kohl's and macy's is saying they see a sustainable path for sales growth. today we have the retailers trading higher. thank you for that update. let's get straight to our top story of the day. president trump ousted secretary of state rex tillerson. pompeo, director of the cia will become the new secretary of state and he says he will do a fantastic job. the firstel will be leader of the cia. we learned this a few minutes ago that rex tillerson learned of this through twitter. talk about the implications of the departure as well as the implications for the president of his most senior cabinet member, here is marty shenker. let me ask you about the timing. we have been talking about the potential replacement of tillerson with pompeo for six month or more. now it has happened. did it have anything to do with the russia comments yesterday or was it something else? long time known for a that it was an uneasy relationship. from all the reporting we are hearing this morning, it came a complete desiccant as a complete surprise to rex tillers