do you see a lot of empty parking lots around these sears, it isn't even just the sears? >> exactly. this is called the gulf mills shopping center, it was state of the art in its day back in the 1950s. it was the cuneo family that owned this. it's funny you bring it up, because the next one down is jcpenney. i don't know, maybe we can't move the camera around so well, mike, but sears is right in the middle of this massachusetts it goes this way and that way -- middle of this mall, it goes this way and that way, and you had to walk right through sears to get from one end to another. they had the most favored spot in this mall, and now people have to walk outside to get to the other side of the mall, but that doesn't help them either. there's just not a lot of traffic in this mall. it's an old one and, you know, in retail everything that's new is cool, and this is right out of the '50s, and it hasn't been updated. so the traffic at this mall, you know, i mean, they spub off, as you know, 250 of the choicest mall locations and properties. the ones that they're left in, not e

but even this week the sears merchandise isn't selling in sears store number 1984. what does that say about lampert, a man with no plan as you said so well. does sears survive? do we see tonight some form in the future? >> sears should and could survive without lampert. but with lampert at the helm it will break up in the whirlpool below. they let so many retailers, amp, path-mart, sears. got you all be the bankruptcy lawyers take hundreds of millions of dollars. not the right people, not the right skills. don't take correct yiched action. the same thing in my professional view with all of them. the judge has to stand up the way he has not done professionally in the past the way keith phillips let the bankruptcy lawyers take $20 million out of toys r us. they threat their colleagues and associates plunder these places and the taxpayer and shopper pay the price for these liquidating empires of retail. jon: we hope we'll see some change next year. >> we need a plan and we haven't seen it. jon: another big story tonight. it's day 7 of the government shutdown. hillary v

. >> and a big investor in sears as through esl he invested in sears throughout the struggles as a public company s and itms he will continue to invest in sears even in bankruptcy. >> now, this is a life line.ot but they'reut of the woods yet, are they. >> absolutely not. great question. igone of the really issues that lampert faces is the unsecured creditorsdave s they don't want a credit bid. what a credit bid is basically lampert says he has some debt rped to him by sears and he is willing to f the debt and exchange for that he is counting that towards his bid. >> right. >> i haven't seen the terms of e current bid yet. but if he tries to do that the unsecured creditors have saiey ill not allow it. they don't like how eddy lampert ran sears. they have questions about some of the transactions that he did while ceo and they have said ther could be potential cause for litigation. >> does the bid have to be approved by the bankruptcy >>y yes has to be approved by the wruptsy kwort and sears advisers need to decide, hey, lampert's bid to kee sears alive is worth more than liquid eighters ef

jeff flock outside of a sears store. sears as i mentioned to you an iconic brand. remember they were the biggest company in the country at one point, close to being the biggest. they were housed in the tallest building in america. look at this in 2018. blake: pretty wild to see jeff flock standing outside after sears on christmas week, no activity. we'll have more on the wild stock market volatility with only one trading day left in the year, will it carry on to 2019? kristina: concerns growing, that the boost from president trumps's tax cuts might run out. who to discuss, then steve forbes, mr. flat tax. blake: you saw it there with jeff. it is getting cold in certain parts of country. there is snow tearing across. we'll have latest from the fox extreme weather center coming up, stay with us. ♪ i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your tra

sears and j.c. penney. now we will probably start seeing surgical centers, gyms, even, maybe even play stations or -- blake: i think about the sears near me, outside of washington, d.c. in maryland, on the other side of the border, it's in a mall. it's in a big mall there that has a nordstrom, massive food court. you take the sears out, i'm not sure a gym could go in that spot. there's few things at this point that can really fit, unless they really chop that up, et cetera. it's a tough game. >> you would be surprised with all the cross-fitters all excited about going to the gym. the bigger, the better, right? blake: a gym is one example. the point being these are big spaces and retail is having trouble to begin with. >> i think that was part of the problem. we have giant spaces with huge amounts of square footage. a lot of what is happening in retail is that they are getting smaller, it's getting consolidated. you're not seeing gigantic super stores anymore. you are seeing popup stores all around different

penney, are they essentially facing a similar fate as sears, because the countdown for sears is ticking down for the once former megagiant of retail. today is the deadline for potential buyers to bid for all of sears' assets which is why we turn to jeff flock, who is in illinois, just outside of chicago. the shot you showed us right before the commercial break was incredible. literally a man pushing the sears sign off into the parking lot? reporter: yeah. incredible. just as we drove up, the guy was out here taking signs down. this store was already slated to close and it is now in the process of doing so. it's closed to shoppers for awhile. funny you mention j.c. penney. it's just the next store down the mall from sears. i bring you over here just to give you another classic picture. they put these signs up, too. maybe you see them. store closed. you're right, we are just minutes, literally minutes away from this deadline. it's 4:00 p.m. eastern for someone to submit a bid to potentially head off this bankruptcy or buy them out of bankruptcy. in the wind but not on the table yet is a $

john, thank you. >>> the countdown to save sears is on if nothing changes by 4:00 p.m., sears will likely enter liquidation. joining toys "r" us in the retail graveyard what went wrong for the iconic brand? is there any hope that it could be saved that's coming up next. >>> i'm melissa lee. the dow on pace for the best three-day gain in seven years. are we finally turning a corner? >>> the death of an icon, sears may be down to the last couple of hours if no bids come in today for the company. a look at how it got here. >>> and health care is only one of two sectors in the green this year will it continue to deliver in 2019 we've got your playbook ahead. second hour of "power lunch" starts now >>> welcome to "power lunch. i'm kelly evans. we have another 300-point swing for the dow today. it seems kind of calm after the wild moves this week the dow is up 161 at the highs today. 155 lower at the lows. and right now it's up about 26 nasdaq hanging on to a 23 point gain and s&p up seven. how about intel? walmart and pfizer are the biggest gainers in the dow now going the other way are goldma

from sears holdings. to pay out twenty three point five million dollars in bonuses to the executives who were at the helm for sears this bankruptcy and who have presided over one point nine billion dollars in declared losses for sears so far in two thousand and eighteen at the same time sears this plan approved by judge greenwood denies severance to sears employees who those executives plan to put out of work sears now has court approval for their plans to make five thousand four hundred fifty seven workers unemployed the chicago tribune reports that sears will inform many of those employees of their new status before christmas. in the wake of carter's exodus from opec and the rise of russia in the oil sector some are asking is opec's time up to better understand the situation the fossil fuel sector will break down the details and ask is it time for the world to get over opec. opec the organization of the petroleum export in countries and a few non opec members namely russia met earlier this month and agr

severance to sears employees who those executives plan to put out of work sears now has court approval for their plans to make five thousand four hundred fifty seven workers unemployed the chicago tribune reports that sears will inform many of those employees of their new status before christmas. in the wake of carter's exodus from opec and the rise of russia in the oil sector some are asking is opec's time up to better understand the situation the fossil fuel sector will break down the details and ask is it time for the world to get over opec. opec the organization of the petroleum exporting countries in a few non opec members namely russia met earlier this month and agreed to cut their production by one point two million barrels per day the move comes as the international energy agency estimates a reduction in oil demand for next year or twenty nineteen will the production cut increased prices as the oil rich nations would like it remains to be seen but don't count on it for many decades with the largest oil reserves in a majority of global oil spigots and acting as a mostly cohesive

sear un parked the car. his friends broke into the home, stole atb, stole a few other items, and then for his trouble, for being essentially the getaway driver, he was given $100 as a share of the spoils and $25 in gas money. he was sentenced to serve one year in county jail for residential burglary. he opted to take a felony charge because he wanted his friend who already had a strike to avoid a second one. juan: kevin, could you talk about the changes from administration to administration and how the cambodians slated for deportation have been handled, whether it was under george bush, president obama, and now trump? especially this whole issue of getting agreement with the receiver nations to accept them? >> sure, i will start with the repatriation agreements. in order to deport someone out of the u.s., you cannot unilaterally decide to do so. you have to get the receiving country to accept them. the way countries do this is through repatriation agreements, which are essentially memorandums of understandi

sears has nearly 50,000 emplo e employees. ry the thing about sears, it was the first eing store. sears was the first retailer that had everything in the same way that amazon does. >> reporter: in it todtoday's rs world, sears stands out. >> lambert believed he could revive it. v iewed this bid as the last effort. >> reporter: the bid m delay the demise. if the details for the bid of the company is anything like the proposal earlier this month to investors, there are bound to be problems. most of the deal to be financed by outside inn tevestinvestors. nearly 1/3 will be done by leading financial companies which wer not named. those terms not be enough for the creditors. even if sears survives, it is a shadow of its former self. since october, the company closed 1/3 of the 700 stores. we won't know ifid the is successful until next friday. that is when sears aisers meet to consider lambert a quote qualified bidder. after that, have to decide if closing shop makes more sense than liquidation. >> matt bradley, thank you. >>> an under sea earthquake shook the philippines today. the qu

this is a sears store that closed, and before today is over it may be all of the sears closed. hundreds have already been closed and it may be that all of them are closed. there was a potential for a bid by eddie lampert, off the fellow who a ceo of sears and at some quite critical from his tenure thought about a bid from him. he needed to secure financing but at this point it seems clear, unless there was an extension in this, but he has not secured it and will not, and that means liquidation for all of sears. the company announced an additional 80 80 stores today d be closed whether there was a bid or not, and now it appears more no bid and no more sears. what can i tell you, the amazon of its day replaced by the amazon of today and, sears no more. the sign is still up on this one, but that may be liquidated soon as well. trish? >> trish: all right, thank you very much. jeff flock. meanwhile president donald trump renewing a threat to honduras, guatemala and el salvador. you don't stop those caravans? we will stop sending the cash. will this work?vi we are on it. i wanted to

. >>> still to come, saving sears. the retail giant is facing a crucial deadline today that could determine whether it survives. helping to prevent gum disease and bad breath. never settle for 25%. always go for 100. bring out the bold™ ways metal vibration therapy.at: [heavy guitar lick] [glass shattering!] not cool. freezing away fat cells with coolsculpting? now that's cool! coolsculpting safely freezes and removes fat cells with little or no downtime. and no surgery. results and patient experience may vary. some common side effects include temporary numbness, discomfort, and swelling. ask your doctor if coolsculpting is right for you. and visit coolsculpting.com today for your chance to win a free treatment. thsupeero: [coughs] will fight. his cold. what do ya think? sidekick material? eh? superhero: i seriously can't deal with you today. mucinex cold & flu all-in-one. fights... oh no. no-no-no. sore throat, fever, cough, sinus pressure, chest congestion, headache, nasal congestion, body pain... all in one did yo

sears announced today it will close 80 more stores including a kmart in baltimore and sears locations in salisbury and charlottesville on top of 182 stores that sears has already closed after filing for bankruptcy back in october. >>> next, the last megajackpot of 2018.ne ly 400 million bucks up for grabs tonight. we've got the numbers in the medrmillions ing. >>> plus, securing the biggest new year's celebration in nor america, the new tool the nypd will use this new year's eve. >>> and a father/daughter kireunion 50 years in the . how an online dna test >>> theoment aocal man has waited 50 years for is almost jre. >> yeaht a matter of days he's going to meet his long lost daughter. tonight he's preparing for that emotional reunion. >> we love this story. he's talking to meghan fitzgerald about the chance he took that led him to his born.t it's a story you'll only see on news4. >> that's my younger son. >> reporter: like any father ron rudy has pictures of his family on display throughout his >>house. love my kids. >> reporter: and he adores his andchildren too. this picture was take

>> becky sears. >> reporter: becky sears, the best friend and co-worker of murder victim kay parsons. >> that is kind of a holy cow moment. this is the same woman next door to this house where there'd been a vicious beating. >> yes. it seemed an odd set of coincidences. >> and this is the back door of healing hands? >> this is the back door of the business that we got called to. >> reporter: as the sergeant pulled up to the scene, he learned becky had been working late on the company payroll. she was heading to her car when she was jumped. >> apparently when she had turned around, an unknown male subject wearing dark clothes and a white baseball cap rushed out of the bushes at her with a firearm demanding his money or next time it was going to be her face. >> reporter: that's when the assailant shot becky in the legs. >> the subject apparently didn't rob her, didn't take anything from her, but turned around and ran back into the bushes the way that he came. >> she's not known for doing the night deposits with cash. there's no cash here. >> exactly. not at this time of night. >> what's

will sears survive to see another year? >> announcer: this is "nbc nightly news" with lester holt. >>> good evening. i'm kate snow in for lester. tonight we begin with what many are viewing as an unacceptable emergency. across the country on thursday and today, people in some areas trying to dial 911 call centers instead got a business signal. local authorities urged residents to go back to calling local phone lines, numbers most people just don't know. federal regulators opened an investigation into what happened. we get the latest from nbc's ron mott. >> reporter: for the second day in a row, potentially millions of americans dialing 911 would not have gotten this. >> 911, what's address of the emergency? >> reporter: an extensive outage at telecommunications company century link knocked some emergency call centers offline for certain callers around the country highlighted in this map from the website down detector. in a series of tweets beginning late said its engineers quote identified a network element and that the pro

at its peak there were over 2300 sears and kmart. now just 10 percent of the stores still exist with 80 being closed on friday. sears think this will be for a long time. >> thank you. from sears on the brink to stocks on the brink, are the warning signs that the economy could be on the brink of something bad in 2019? he with answers, chief economist at the milken institute, bill lee. do you see recession jon taffer? >> absolutely not. there is two percent better growth, it's a sign that there's economy is pumping on all cylinders. >> why is a stock market freaking out? >> that's a great question. investors are looking for narrative. at the beginning of the year it was corporate america can do no wrong. and it was discounted. use a stock market go up like crazy and innovative companies like amazon, which was the sears of today, it -- every investors looking to disc companies. then the narrative changed. it became much more uncertain. that is where the stock market is, no growth with a bearer narrative. >> by the way we look at gdp gro

sears filed for bankruptcy in october. it has 500 stores and 68,000 workers. >>> social media news, instagram rolled out a new feature yesterday but people weren't facebook, very briefly switched to a horizontal down. meaning you swipe left and instagram previously tested the change in october in the explore section of the app. it says the feature wasn't meant to be rolled out to everybody. the bug has been fixed. those are your cnbc business headlines and man, people were upset on social media. >> i heard a lot of people upset. i didn't see it on my instagram. >> i saw it. i wasn't upset. i was mainly confused. i was kind of like my mother on instagram, how do i get to the next feed. thanks, frank. >>> coming up here on "today in the bay," we'll have a look at the forecast. kari, how is it starting out? >> it's starting cool. here is a live look in san jose as you get ready to step out the door in campbell. low 40s, as we've seen most of the week and headed into the mid-50s, another day with sunshine and calmer winds. we'

. >>> closing time for sears and k mart. sears will close more than 80 stores. one of them at the mall of the america site in minnesota. it had been the only full scale sears in the state that wasn't already earmarked to shutdown. the brand will soon be he rae d be erased. sears receiving a last minute bid from the chairman to keep the rest of the business alive. eddie lambert cut the price he is willing to pay by $200 billion to $4.4 billion. the final decision will be made by the judge overseeing sears bankruptcy proceedings. sears holdings has lost $12 billion over the past eight years as sales plunged 60%. >>> verizon and disney reaching agreement to resolve the high stakes fight over programming fees. the dispute threatened to knock abc and espn and other disney channels off the fios network. they have until 5:00 p.m. today to come to terms. fee disputes are becoming common as television viewership declines and media companies demanding more for the content to make up lost revenue. these battles are resolved before stations go dark. there are exceptions. in

sears has nearly 50,000 employees. if the deal is accepted, it could save the company. >> sears was the first everything store. sears was the first retailer that had everything in the same way that amazon does. >> even in today's ruthless world of retail, the 125-year-old brand still stands out. >> he believed in sears. he believed he could revive it and i think he has viewed this bid as his last effort to do so. >> but his bid may only delay sears demise. if details of his bid for the company are anything like the proposal he outlined earlier this month, there's bound to be problems. most of that was deal was supposed to be financed by outside investors. still nearly a third will be financed by three leading financial institutions that the company did not name. those terms may not be enough for the company's creditors. even if sears survived only as a shadow of its former self. since october they closed over a third of its 700 stores. >> now we won't know whether the bid is successful until next friday and that's when

sears filed for bankruptcy in october. as you just heard, they have until december 15th to find a buyer. have you started your holiday shopping? if your answer is no, don't feel like you are the only one. a survey found that one in four people still have all of their gift shopping to do. nearly half of those had 75% of their gift shopping ahead of them. credit cards are the preferred method of payment, but surprisingly, 2% of consumers plan to pay with cryptocurrency. if you are thinking of giving lottery scratchers as stocking stuffers to kids, maybe it's not such a good idea. lottery officials are reminding you that scratchers are not toys. it is illegal for scratchers to be purchased and played by anyone under 18. lottery officials warn the kid who is play with lottery tickets could develop a gambling addiction. they have been criticized for trying to lure young players for putting colorful logos on scratchers. >> we never win. >> that's the sad bottom line. >> thank you, michael. the ridders may be leaving for las vega

sears capital sold credit default swaps. then sears declared bankruptcy. to avoid paying out on those credit default swaps, they traded on liquidity. funds now want a payout and are accusing sears of manipulation. joining me now is someone who knows all the intricacies of the credit default swap battle. firm's cochair of the structured finance practice. thank you for being here. >> good morning. alix: this is a complicated topic. at the heart of it, what is the problem? >> what omega is upset about is that the market for cds is a front deadly broken test effectively broken. companies will attempt to pay their debts when they can, and if there is a default, the payouts will be related to the intrinsic value of the debt. onare headed to a situation account of manipulations where the payout will be completely unrelated to the value of sears debt. alix: what position did omega have? do they have a naked short? >> they were relying upon the fact this would be a market absent of manipulations, and if there was a default, the payout on the cbs would be based upon

ve> and a last minute bid could sa sears from liquidation. we'll bring you the latest after this >>> it was the best of times and worst of times for faang stocks. titans like facebook, google, alphabet negative, and netflix and amazon soared. josh lipton joins us from san francisco with more. >> kelly, in total, faang members lost more than $1 trillion in market cap facebook suffered multiple scandals from user data to security breaches. the stock is down 25% this year. rw bared says facebook is a buy, given strong fundamentals, no decline in usage, advertisers still flocking to the platform apple, another name in the red can apple shift that narrative from iphone units which have authorities worried to total revenue and earnings growth, and faster growing services and wearables businesses amazon and netflix, they were clobbered in the quarter, still up strongly. alphabet will finish 2018 flat microsoft is up 20% in 2018. they're poised to finish with a distinction, crowned as the largest publicly traded company. >> amazing renaissance going

. >> in some ways amazon is a modern day sears. sears was a legend. i remember the old catalog my grandmother used to show me. >> i spoke to the past ceo of walmart. and very simply, if you don't do anything about your future it will come back to haunt you. and sears did nothing to improve themselves over the years. eddie lamb bhoart has been running sears-kmart has run it into the ground. and that's a damn shame because it affected the real estate market and a lot of workers. jon: coming up next, the white house is reportedly considering a bold move to stop american companies from does business with a pair of chinese telecoms. we'll be right back. ♪ ♪ ♪ ♪ ♪ the greatest wish of all is one that brings us together. the final days of wish list are here. sign and drive off in a new lincoln with zero down, zero due at signing, and a complimentary first month's payment. only at your lincoln dealer. - with tripadvisor finding the right hotel at the lowest price is as easy as dates, deals, done. going on a work trip? dates, deals, done. destination

. >>> the clock is ticking for sears and k-mart, the chairman of sears has an afternoon deadline today to submit and bid for the struggling retailers from the hedge fund. he's trying to struggle from bankruptcy if not, they'll be liquidated. the deal is keeping 500 sears stores open and save the jobs of 50,000 people. >>> there's a service outage that can be a public safety issue. they're looking to restore 911 service to parts of the west coast. >>> and pa mysterious light over new york city and some are talking about a n gest city. >>> outside our doors this morning, it's a chilly one for some and relatively mild for others, and it has to do with the wind. we'll talk about the current conditions and what you can expect for the bay area weekend coming up. >>> new information overnight, service wide hours for century for was making good progress to restore service. last night century link said a network element was affecting service for some customers in oregon and washington state. >> some of the calls we've needed to transfer to different communication centers, we've been able to use

. >>> it was down to the wire for sears but the department store won a reprieve from liquidation. the chairman put together a plan to buy the company through his hedge fund. his submitted his offer today which was the deadline. a advisers have until january 4th to decide whether it qualified bitd b qualified bidder. five of the closures are in california. >>> still to come, preparing for the college playoff to take over the south bay. what police, businesses and even some dedicated fans are doing to get ready. >>> a fight over 40 trees brewing in an east bay park and the steps activists are taking to try to keep all of them from being chopped down. will flock t next weekend for the biggest college football ga >>> a hundred thousands fans will flock to downtown san jose nexteadi up to that kick off. as nbc bay arfinds there's some super fans already waiting. >> reporter: what would you do to go to the national championship game? these four fans are going above and beyond to win some tickets. as a disappointing season for the raiders and 49 erers come t the end, the bay area will ho

jon: a last-minute bid to save sears after the iconic retailer announced it was closing dozens of stores. details on that deal coming up plus it's been a rollercoaster ride for glover markets. this year. maria bartiromo gives the top 20 team business highlights, next.

we have jeff live from a shuttered sears store in niles, illinois. that's a slightly different view of you than the shops at 900 north michigan on christmas eve. >> it to drastic extremes. this is the suburbs, the sign is still up but this series as well as hundreds of others closed. they just announced today that as you report, we are literally minutes away from the deadline, for someone to come along and probably saved the company, that's the last chance i have to save the company. you know, many stores have already closed. they announced today an additional 80 stores closed regardless and there are still some people at sears. i don't know if you see him, the guy poking his head out the window of the store, they just closed the door. they just sold off a bunch of the stuff inside, the displays and the rest. there is a one bid on the table so far. it's $4.2 billion but has not been officially offered. the bid has been made by eddie lampert who is the guy who was the ceo of sears and he says he has a plan for trying to make it profitable, but he's be

. >>> and breaking, a possible life line for sears. eddie lampert hased off to buy sears. in last different effort to keep the cin going, sears said it will close another 80 locations. othat's on topthe 182 stores that liquidated after filin for bankruptcy back in october. >>> the government shutdown may have an impact on your weekend plans. >> here's amy cho with a look at what's next. >> reporter: i'm here at the national zoo. how they plan toake care of the animals. >>> plus, the rain is moving out. but it'sot quite done with us yet. amelia will tell us more. >>> and how one dna test helped a father track down his daughter a father track down his daughter 50 years after ♪ a father track down his daughter 50 years after not long ago, ronda started here. and then, more jobs began to appear. these techs in a lab. this builder in a hardhat... ...the welders and electricians who do all of that. the diner staffed up 'cause they all needed lunch. teachers... doctors... jobs grew a bunch. what started with one job spread all around. because each job in energy creates many mor

sears employees 68,000 people. this weekend is your last chance to see the redskins inction thisseason. the team that looked like it had playoff potential will host the eagles on sunday. >> players are still practicing hard even though a win isn't going to get them any more games eagleswill eliminate the who are the defending super bowl champions we don't have to remind you the skins lost three qurbacks to injury. >> you may be enjoying the most important meal of day right now. mcdonald's is hoping to beef up your breakfast. the new deals you can find in a drive-thru near you. coming up. >> insta fail. the photo sharing app roll out causes backlash instead. what went wrongnd what ♪ at havertys we know it's hard to get a good night's sleep... havertys mattress sale is here to help. with our wide selection of top brands and our price matchguarante- you can find the perfect mattress for everyone in the family. get free financing on tempur-pedic and foundation purchases over $1,999. it'sgoime everyone got night's sle

sears also owns k-mart. a bankruptcy court must still approve the sale of sears. >> he'll join tesla's board of directors. ellison will serve on the board along with a top walgreens executive. he secured funding to take tesla private. tesla paid $20 million in penalties and musk agreed to step down as chairman to settle complaints against him. >> a program to combat drunk driving in california goes into effect on new year's day. today's launch coincides with heightened efforts across the bay area to promote safe and sober driving during the holiday season. senate bill 1046 mandates admission interlock devices for all repeat dui offenders and first time offenders that want to continue to drive rather than have a suspended license. a driver has to blow into the device to check blood alcohol levels in order for the car to start. >> ignition interlock devices are a game changer in the fight to stop the resolving door of repeat offenders. >> an interlock pilot program has been in effect in california counts since

. >> time maybe running out for retailer that maybe a lot of you don't shop at, sears. lauren: that's the problem, tracee carrasco with news making headlines. tracee: due in bankrupt court at 4:00 p.m., right now looks like there's only one buyer who expressed any interest in keeping sears in business, sears chairman, investment is the retailer's largest creditor and shareholder struggling on financing. if no other offers surface, sears will go into liquidation. >> you have to bring up jc penny, what's going on. tracee: jp penny became a penny stocks, shares of the department store chain fell 92 at 97 cents, first ever closed below a dollar since company went public in 70's. struggling for results when revenue declined 6%, $2.65 billion. shares of jc penny down 6% so far. lauren: 97 cents, wow. another tie-up in marijuana market. tracee: green growth brands said it would make hostile take over for canadian pot producer in an all-stock deal valuing at just over $2 billion. green growth said it had engaged aphria's board for combination before launching hostile bid and cl

for k-mart and sears stores. the plan would save 50,000 jobs. sears employed 68,000 people when it filed for bankruptcy. lampert gave up his role as ceo that day but remains the chairman. a bankruptcy judge would have to approve the plan before sears could be purchased. a spokesperson for sears declined to comment on the bid. >>> movie fans, moviepass wants to win back angry customers. the movie subscription service announced a new pricing structure thursday. it depends on where you live and the kind of movies you want to watch. starting in january, they'll offer three plans. they are called select, all access, and red carpet. not every customer will be charged the same monthly fee for each plan. moviepass says the price for each tier will vary by zone, with the highest level costing $25 in some markets. it's been a rough year for moviepass. they upset original members by changing the terms of service several times. not long ago, i interviewed the ceo. he said, we found our formula. >> half baked in the beginning

jon: a last-minute bid to save sears after the iconic retailer announced it was closing dozens of stores. details on that deal coming up plus it's been a rollercoaster ride for glover markets. this year. this year. maria bartiromo gives the top i've always looked forward to what's next. and i'm still going for my best even though i live with a higher risk of stroke due to afib not caused by a heart valve problem. so if there's a better treatment than warfarin, i'm up for that. eliquis. eliquis is proven to reduce stroke risk better than warfarin. plus has significantly less major bleeding than warfarin. eliquis is fda-approved and has both. so what's next? seeing these guys. don't stop taking eliquis unless your doctor tells you to,

show used to shop at up stati w was sears. she's worried what tech will do to the neighborhood. >> rents will go up. individuals won't be able to really live here. >> reporter: winston's fears aren't misplaced. >> the tech expansion is one of the drivers for gent triification and displacement in the region. we're happy to see an expansion of employment opportunities. >> the maybe is optimistic that tech and current local residents can co-exist. >> we have housing under construction right now. to the extent that new workers are going to be moving into oakland, there are new housing units for them to move into. so they don't displace the people who are here right now. >> square is expected to move into up town station next year. >> square's leasing of uptown station is just one of the major tech-related deals in the bay area. uber is currently building a new campus next to the futurexpecte 2020. facebook is working on a massive expansion on his headquarters in menlo park. the willow village will include housing and office space

. >>> it could be the end of the line for sears and kmart. the chairman of sears is under a deadline of 4 pm tomorrow to make a bid through a hedge fund. it is reported that the $4.6 billion deal would keep 500 sears doors open and say 50,000 jobs. according to cnbc, the offer has not yet been submitted and there is no indication of any other interest. sears and kmart with an phase equitation under bankrupt the. >>> we have had wild wind. i wanted to take a look at the peak gusts. mount st. helena 63. mount diablo 56 miles per hour. then take a look at a few of the others kairos peak 35 miles per hour. needless to say, there has been some wind. we are still under a wind advisory. that goes until 4 am tomorrow for anyone above 1000 feet in elevation. we are starting to calm down and spots. you can see it here when we look at the current wind. there are a few gusty spots. right now up to 24 miles per hour. 23 miles per hour and half moon bay. still some wind. taking a look at oakland, things have calmed down. we had gusty wind earlier. fairfiel

frank holland has that >>> this could be the last shot at survival for sears. chairman eddie lampert put forth a 4$4.6 billion proposal to buy back the company through his hedge fund if lampert misses, kmart and sears would be on the path to liquidation. >>> century link customers across the u.s. were without internet services yesterday and into the night the outages affected atms, phone services and 911 emergency services century link tweeting its engineers identified a network element impacting services and they expected to restore services within hours. >>> aphria shares are soaring more than 20% on news that green growth brands plans a takeover bid for that company green growth brands is a marijuana retailer and aphria is one of canada's largest cannabis companies. >> that was a script from -- >> a mouthful. >> a lot happening in that script peter piper, we'll see you in a few minutes. >>> stock futures are on the rise we'll see if the momentum from yesterday's wild last 90 minutes of trading can continue. it looks like it will. dow futures indicated up 146

. >>> sears corporation is closing 80 more sears and k-mart stores in march, but the company isn't headed toward liquidation, at least not yet. >>> president trump threatening to seal the southern border if he doesn't get funding for the wall as both sides dig in their heels on border security. >> it's a bad thing. it shouldn't be happening at all. my guess is it will go till mid-january, both sides will declare victim and move on. >> and the state says it's ready to bring in 2019. >>> the nypd will be flying its new fleet of drones. >> all that. >> blake griffin pleading his case about a missed foul call on an ipad. >> blake says, hey, he grabbed me and he has proof on a little ipad there. >> and all that matters. >> astoria borealis glowing bright blue. >> it's confusing what caused that bizarre light up the sky event. >> we did find one piece of evidence that is a little peculiar. >> on "cbs this morning: saturday." >>> serena williams and sister venous squared off in abu dhabi. serena's 1-year-old daughter olympia was there to cheer on her mom. >> is she adorable? >> i tried not to ge

sears wants someone to buy 500 stores and the kenmore appliance brand. sears says it has interest from parties, but the only public bidder is the hedge fund controlled by the chairman eddie lambert. he is offering $4.6 billion. he says the plan will let the employees keep their jobs. if he doesn't make the bid official, sears could extend the deadline or close all stores and liquida liquidate. >>> disney and verizon arguing over programming fees and abc and espn caught in the middle. disney and verizon have until 5:00 p.m. new year's eve to agree. if not, verizon will stop carrying disney channels. espn channels will be blocked for fios. we remain optimistic to reach a deal. television viewership declines and companies are demanding more to make up for lost revenue. >>> we will take a break and be right back. old, and saying, "really?" so capital one is building something completely new. capital one cafes. inviting places with people here to help you, not sell you. and savings and checking accounts with no fees or minimums. because that's how it should b

nguyen was run over by a car in front of sears at around 7-30 that night. police have not released who she was with at the time... or, the factors that led to the driver hitting her... natalie mello/shopper- "we don't focus enough on what's going around us. it's, you know, what we gotta do and where we where we gotta go." police say the driver did wait for officers to arrive... and, that it appears neither drugs or alcohol were involved.danielle waren/mother- "at least he stayed. cuz, a lot of people -- a lot lately, a lot of people haven't been doing -- they've just been leaving. it's not right." shoppers say this is a tragic reminder of how difficult children can be to see at night, let alone in a busy parking lot.martha barajas/mother- "depending also, the clothes the kids are wearing. what if they're wearing dark clothes and it's already dark and kids running. so, it's a lot of reasons to be extra careful in the parking lots." so, for the kids' sake and everyone elses... watch your speed during the holiday shopping season. in antioch, philippe djegal, k

sears will close more than 80 sears and k mart stores. one at the mall of the america site in minnesota. it had been the only full-scale sears in the state that wasn't already earmarked closed. the brand will be erased from the state where the founder started in 1886. sears received a last-minute bid from the chairman to keep much of the business alive. the final decision on eddie lambert's bid will be overseen by the judge in the bankruptcy proceedings. sales have plunged 60% in years. >>> verizon and disney with an agreement to resolve a high stakes fight over programming fees. the dispute threatened to knock espn and disney and abc off the fios network. these disputes are common. media companies are demanding more for content to make up for lost revenue. these battles are resolved before stations go dark. there are exceptions like last year's cbs fight that blocked out cbs and nfl games over thanksgiving. that was the leverage. >> no worse timing except for the super bowl. >> there you go. >> we'll be back with more. i am a family man.

sears ceo intends to buy the company for $4.6 billion. a federal bankruptcy court still must approve any sale of sears. >>> 2018 was the year toys r us shut all 800 of its stores after more than 60 years in business. friday, june 29th was the toy chain's last day. they filed for bankruptcy last year citing poor sales. >>> a half billion dollar settlement leads tonight's bay area business watch. that's how much san francisco-based bank wells fargo agreed to pay to settle complaints about setting up unauthorized accounts and madam secretary leading customers. wells fargo also will create teams to deal with customer complaints about its banking and sales practices. trouble began for wells fargo in 2015 when it admitted employees met sales goals by opening millions of accounts without customers positions. oracle as larry ellison will join tesla's board of directors as part of a deal that demanded moreover sight of elon musk. federal regulators clashed with must have been since he tweeted that he secured to take tesla private. they paid pen a

sears ceo intends to buy the company for $4.6 billion. a federal bankruptcy court still must approve any sale of sears. it's the end of an era for pennsylvania shoe repair shop on the peninsula. two cobblers who are brothers bothrighting after running the business nearly four decades. abc 7 news reporter david louie has the story. >> came in to say goodbye. >> thank you. >> a steady extreme of longtime customers have been filing into marios on west 25th. the brothers kept the name of a previous owner when they took over 39 years ago. the brothers are immigrants from syria. harry came first and then his brother robert. putting in 14 hour tai and developed a reputation for goods. >> you know, you get favorite pairs of shoes you do not want to give up and he has always been able to repair customers since the beginning. >> me too. >> any inherited and managed to maintain century old cobblers machinery that stitched soles and polish shoes. sadly there is no market to sell them as a result of wanes demands as customers switch to shoes cheaper t

we're talking about sears. the company doesn't secure financing by the end of the day, it could be forced to liquidate. we have jeff flock live at sears in chicago, which is appropriate. it was chicago for a long time, wasn't it, jeff? reporter: oh, it was. i tell you, this is an appropriate day, too, charles. cold, gray, windy. this was the sears of six corners, one of the flagship stores, closed already. one of hundreds that have closed. as you point out, today's the deadline. 4:00 p.m. eastern time, if they don't get a bidder by then to keep the company open, they may have to liquidate what's left of it. eddie lampert, the former ceo, is the only one who says he will make a bid but hasn't done so yet. $4.6 billion is what he's offering but he doesn't have the financing for it. he hasn't put much of his own money into the deal. if nobody else comes forward, they could today announce they are going to liquidate. liquidate the real estate. this is a big building in chicago but is it worth much? at the six corne

his hedge fund is offering $4.6 billion for about 500 sears and k-mart stores. it would save about 50,000 jobs. lambert gave up his role of the ceo the day of the bankruptcy filing, but he remains the chairman. a federal bankruptcy judge would have to approve the plan before sears could be purchased by cls. >>> a moviepass wants to win back customers. they announced another new pricing structure on thursday and it's dependant on geography and the kinds of movies you want to watch. starting in january, movie pass will offer three plans. they're called select, all act sess and red carpet. not every customer will be charged the same monthly fee for each plan with the highest level costs as much as $25 in some markets. it's been a rough year for moviepass. it upset a lot of its original members by tweaking and changing the terms of its service several times. i interviewed the ceo recently and he kept saying no, we're not going to change things. we have found the pattern and the strategy and the 230rformul. >> we saw a movie the other day, mary poppins returns. >> it