. >> we will get to it we will talk about kohl's, dupont, carvana, levi's. we have so many things to talk about. >> let's stop talking and start talking. >> bitcoin is another one. they are falling to lows not seen in a couple of weeks. ftx chief responded by saying his exchange is fine and has been the subject of false rumors, jim. solana down 20 is specifically what they are referring to >> the ftt i will say this. the opaque nature of this sam bankman freed is concerning. the decline -- you have, david, remember sam owns alonetta he also owns ftx >> yes >> and we don't really know what's in. there's no reason we should know it's private >> very opaque not a lot of transparency. he's the most important man in crib ta. at least we have assumed, defaulted to that. >> is very influential $530 million to sell something is not a lot >> there he is that's our video of sam. sbf we like to call him. >> not jpmorgan. >> can we go back over the notion that the opaque nature keeps us, carl, from drawing any conclusion about what's going on, positive or negative >> ap

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. >>> big news in the c suite at kohl's and levi's this week. michelle gass heading to levi in a few weeks taking the role as president with plans to become ceo over the next 18 months. joining me now exclusively is current levi strauss ceo chip bergh. welcome back. >> great to be with you. >> big announcement, how did this come together give us some of the back story, if you could >> sure. well, you know, as any board would do, our board of directors has had a very rigorous process, which i've been involved in, i'm on the board, around ceo succession and we've been working it more than four years and they reviewed twice a year external candidates as well as internal candidates and michelle's been on the list since the very, very beginning i would say we've been working it very aggressively when the activists struck kohl's in september, you know, the head hunter firm we worked with, i called him up and said it might be time to give michelle a call and see if she will answer the phone and consider another opportunity. so literally, this moved ver

macy's a good story, kohl's not the good story. macy's raised guidance for the full year and they also said that even though inventories were up 4.4%, going into the holiday and they cleaned out inventory earlier this year and now looks like they are ready for thanksgiving and christmas, maria. what a tale of two retailers and so different between macy's and kohl's. obviously macy's, their spread is higher as far as the things that you could buy at macy's, the stuff, the consumer at macy's spends a little bit more, higher-income spender than you're seeing at kohl's. that's a lower-income spender. there's a couple of big numbers. there you go. maria: cheryl, thanks, we will be watching the story all morning. it's time for the word on wall street. top investors watching your money. strategic wealth partner ceo mark tepper and lexard capital management and founder al lord, great to see you this morning. al, your thoughts, mark on this retail story, macy's and kohl's reporting double beat but mixed performances. kohl's stock down on th

kohl's. >>> welcome back. we're learning more about the five people killed in the shooting at a nightclub in colorado. we him new details emerging in the efforts to stop the government before the police arrived. with the report live from colorado springs. who helped to disarm the shooter? >> reporter: yes, it is quite a story, richard fierro is an army veteran. he says his military things kicked in when he heard gunshots , and spotted the shooter. is that he focused on eliminating the threat and protecting his family. when there was a drop in the shooting, he said he made his way over to the shooter, and grabbed one of his guns and then he just started to beat him with a gun. he said he did not start calling for other people in the club to come over to try to help him. another man that also helped to subdue the shooter came in and started to kick the suspect as well. he talks about the fact that he was here in this community. he is being hailed as a hero. he says he is not a hero, he just wanted to protect his

and earn major kohl's cash while you shop! save on an amazon tablet - earn $15 kohl's cash. get calphalon cookware. or a shark vacuum - earn $30 kohl's cash. plus, take an extra 15% off! kohl's. >>> looking at lunch today, noon to 2:00, it is cool. yesterday and today will be very similar. low to mid 60s in most locations with a few clouds. i want to look ahead to the next chance of rain which gets here saturday afternoon. saturday lunch plans, especially in the north bay may have rain. more on that coming up, we have other things to discuss now. >> it is time for the morning mix. it is friday. >>> okay, i cannot wait to bundle up this weekend. was talk about drake and 21 salvage who released a joint album today entitled her loss. okay, that is interesting cover art. paying homage to the classic cover from now we. this is not the first time the rappers have collaborated. they have featured on each other's work over the years. they went on a promotional student pretending to be on the cover of vogue. the release was delayed for one week , but now fans can enjoy the 16 track u

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i'm waiting on kohl's. maria: kellogg school of business offering laid off technology chance to pursue mba or graduate degree without having to send previous test scores. incentive coming as business schools see decline in full-time mba applications. kellogg management school of dean applications, greg. thank you so much for being here. what's behind the offer from kellogg. >> maria, what we saw happening in the marketplace a couple of weeks ago layoffs in the tech sector and we felt like kellogg has always had heritage of empathy in supporting students, applicants and big barrier to applying to business school is standardized test. so if any of the laid off employees want to apply to kellogg school of management for round two which the application deadline is in early january, we would wave the test requirement for them. we have other measures of being able to assess candidate quality and we also know that these employees that were laid off come from highly coveted positions in the organization. so we beli

kohl's i'm not sure what else we see about kohl's. >> remember kohl's because it has a past with changing ceos. is this kitchen sink quarter? we don't know yet. but certainly may be back-to-back ones. target bought poorly stuck with all merchandise they can't sell. walmart is the cheap of all cheap. if the consumer is weakening, consumer credit's up, delinquencies are up, we know the consumer is more and more on tap. 2.5 trillion of excess savings from the pandemic is, whittled away. cheryl: savings rates are going down to your point. personal saves rate. >> pier not country of savers. we're a country of the spenders. before the recession we an car whether it is done or start next year. consumers go to budweiser than heineken or craft beer. now walmart from target. bj's and costco do better than their peers if the consumer rolls over. cheryl: start with the outlook. looking towards 2023. ubs had a net yesterday, kenny it was emerging markets. betto 13% jump for emerging markets. what does that tell but the u.s. stock market? >> i don't play in the emerging markets. an area i don't go to b

save 20% off or even more with a kohl's card. more gifts. more savings. kohl's. >>> in pittsburgh highway 4 has reopened to traffic after a deadly crash earlier this morning. five crash erthreof children. chp says the white car in the video was meinto an suv near leverage road exit. the driver and three kids in the back seat were killed and so was the driver in the suv. this is the second deadly crash in the same area in two days. >> that is just heart breaking. >>> a look at other top stories. people in alameda may notice a change next time they're on constitution way. that's because the street is renamed in honor of lake county supervisor chan. she died last year after hit by a car. she served for decades fighting for affordable housing, education access, inclusion. her children said they hope road renaming serves as a reminder to drivers to slow down. >>> police in moscow idaho say they cannot guarantee the public's safety as they continue searching for the suspect who fatally stabbed four local college students. officers say when they arrived at the h

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big earnings movers, macy's, kohl's, alibaba, the stock is jumping today more than 7% and cisco, as i mentioned, higher after topping earnings coming up on today's show maxine waters, the chair of the house financial services committee, fresh off her call for a hearing in the collapse of ftx we will also get they are latest thinking on the fed after she sent a letter to federal chair jerome powell voicing her concern about super-sized interest rate hikes. we have news first to get to on gm steve with the details >> this is coming out of general motors investor day. they are raising their guidance now. this is only for free cash flow. they are saying free cash flow for this end of the year is going to be 10 to $11 billion versus their previous guidance for free cash flow of 7 to $9 billion they are also narrowing their ebit range for the full year it's going to be 13 to 15 billion. it was 13.5 to 14.5. a little bit higher on that end. looks like shares are is slightly positive now, under 1%. sara. >> steve, thank you. mary barr will be on "mad" with jim tonight. let's made over to the

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this season, the most beautiful gifts come from sephora at kohl's. light up their life and their faces. expect the unexpected. and shine brighter than ever. sephora at kohl's— now in 600 stores nationwide. >>> here's a look at the forecast in some cities around the country. ♪ >>> a piece of cult classic movie history is now on sale in oregon.u'reooking at the house where character mikey walsh lived in the famous 1985 film "the goonies." the home is located in astoria, oregon, and is now up for sale for $1.6 million. now the owner has restored the home which sits on a hill overlooking the pacific ocean. >>> walmart is the latest company to pay out some big bucks in connection with the opioid crisis, and taylor swift fans are seeing red at ticketmaster. wendy gillette has today's cbs "money watch." >> reporter: it was a winning day on wall street as investors welcomed the prospect the fed may slow down its pace of aggressive rate hikes. the dow gained 56 points. the nasdaq was up 162, and the s&p 500 finished 34 points higher. >>> walmart has offer

shares of kohl's surging, and what the exit could mean for the stock. stock. >>> amgen is i'm so glad we did this. life is for living. let's partner for all of it. i'm so glad we did this. edward jones lily! welcome to our third bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. e movi so, you can stay conne whento all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business. "fast money" returns, back ♪♪ the only thing i regret about my life was hiring local talent. if i knew about upwork. i would have hired actually talented people from all over the world. instead of talentless people from all over my house. xfinity rewards is a program whose sole purpose is to say y y ín■ "thank you" with experiences big, small and once-in-a-lifetime. sometim

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this is coming as investors await results from macy's and gap and kohl's to name a few as you see on the calendar. joining me now is katie thomas from the kearney consumer institute. thank you for joining us, katie. i wonder if the state of play for the consumer is one where they are truly weak or is this one where retailers are working through their own execution issues in that the consumer is only the bigger part of the macro story? >> i think you are spot on, dominic. some of the inventory challenges retailers face and there is nothing the consumer can do about that it is not their problem to due when the behavior changed. we see from the consumer side is they are focused on good value and competitive prices we talked to consumers about the impact of inflation and they are feeling it in food groceries and day-to-day of gas. that is where you see benefits of walmart because over 50% of their revenue comes from the grocery sector other discretionary spend in the third quarter took a hit holiday season may look differently. >> katie, can you take us through in your expert opinion wha

save 20% off or even more with a kohl's card. more gifts. more savings. kohl's. >>> many people are planning ahead as they get ready to head out before thanksgiving. >> plan the night before, have your stuff ready. >>> airport parking is expected to be full. so you may want to do yourself a favor and box a spot in advance. and you could hear how many people were at the airport. i'm jealous of all these people leaving so early. >> you are keeping an eye on all the travel things of today? >> yes, i am. and today a lot of people will be at the airport in fact thanksgiving is expect to reach 98% of pre pandemic levels. there are going to be long lines. expect that. >>> using this it up to remind travelers, if you dope have your real id just yet, you have about six months left to make that happen. they'll be required to board all u.s. flights starting in may. >> you'll need an identity document and two residency documents. >> you can do all of that on lean by the way, through the dmv. you can plan ahead and make that happen. >>> if you are ready to head out th

this season, the most beautiful gifts come from sephora at kohl's. light up their life and their faces. expect the unexpected. and shine brighter than ever. sephora at kohl's— now in 600 stores nationwide. >>> former israeli prime minister benjamin netanyahu could return to power. exit polls from yesterday's national election showed netanyahu and his right-wing allies may have narrowly won enough seats in parliament to give him a victory. it was israel's fifth national election in less than four years. netanyahu, who was ousted as prime minister last year, is facing corruption charges right now. final results are expected later on this week. >>> the phillies tie a home run record in game three of the world series, and the search is under way for a shooter who wounded two new jersey police officers. those are some of the headlines on the "morning newsstand." "the newark star ledger" reports two police officers were shot by a gunman at close range. that's according to the mayor. officials say the officers were looking for a suspect in connection with

kohl's. >>> welcome back. it is monday, a beautiful day to get some fresh air and maybe take your lunch outside. some partly cloudy skies heading into the noon to 2:00 hour. temperatures remain pretty mild. let's take a look at it hour by hour. from 10:00 until noon, upper 50s for our friends in oakland. san francisco, low 60s turning into upper 60s. for our friends and into the north bay, we expect to hang warm-up more. >>> it is 5:22. i am ready for lunch. >> always. >> it is time for the morning! welcome to monday. k much fjou something to get you in the holiday mood, andrea bocelli is ringing the season in a new, big way. >> [ speaking non-english ] >> i can listen to that all day. the famous tanner is joined by his 24-year-old son and 10-year-old daughter on a new holiday album, a family christmas. they perform an arrangement of family christmas specials. you can be the first to see and hear these live. the family is kicking off a concert tour in san francisco on december 1, next thursday at chase center.

black friday at kohl's starts now! earn more kohl's cash with $15 for every $50 you spend. save on a firepit or pizza grill - $179.99. a google nest hub - $49.99. a fitbit. and find 15% off other great deals! kohl's. >>> good morning, thank you for sticking with us on this wednesday morning. this is a live look at the bay area airports. we are one day away from thanksgiving, expect flights to be packed and busy roadways , specially later today. aaa expects 55 million people would get out of town this week. that means a lot of people would think about how to stay safe, covid-19, the flu, and rsv . they are spreading right here in the bay area. as you travel this holiday season, health experts say take extra precautions. justin is live at the international airport with more on how travelers can day safe. within the last couple of hours, it is getting busy. >> yes, it is. as we see many people going through our airports this morning, we have to talk about this. health experts are concerned about viruses that are spreading in our communities in the bay area, including the flu,

and gap in a tougher spot kohl's and gap of course sell a lot of apparel it's harder to sell summer clothing when people want winter clothing or sell bhpants when te want dresses won't be as rosy as progress walmart and target may have made macy's is interesting. end of last quarter inventory only up 7% year over year. much lower than some of the double digits seeing among other retailers. that may give advantage going into the holiday season, again, bring in some of that fresher, newer items holiday shoppers want. >> interesting i wouldn't expect to hear that maybe for some retail names with inventory built up, maybe not good for investors, or for margins. is it going to be good for consumers looking to find deals ahead of christmas and the other holidays >> yes definitely good news deals will abound this holiday season. >> abound? >> yes, abound think last year. people were nervous about out of stocks rushing to the store early worried about shipping delays. that dynamic completely shifted. that means that almost everything feels like is on sale has been since october black friday

you bought kohl's. why? >> last quarter when american eagle cut their dividend, we knew we had to sell. i truly believe these consumer stocks are under valuing the consumer, and assuming the consumer is dead gone, not going to return or shop, and guess what black friday sales were out of control. kohl's announced and preannounced and said one of the allocation priorities is the dividend >> a new ceo >> yeah, a new ceo coming in, and the activist were paying up a share, and $3 of earnings that should cover that, and a huge commitment to the dividend prepandemic, they were hiring in the $5 range, and the stock at ten times earnings with a dividend yield they publicly stated they are committed to is a solid buy. this is where i trade out. >> you said yourself, you are making a considerable bet on the consumer >> absolutely. >> and that's why we still have footlocker, and ross stores in our gross portfolio. when i say i don't care about the fed, but i care about what is in there, and we run a screen every monday

macy's doing well, more than 7% in premarket trading at kohl's plunging. it is distinct customer basis. who is macy's targeting versus was kohl's targeting and how is that pulling apart? kohl's typically caters to a more middle income and lower income households of how much are you going to see ongoing retrenchment among stores and consolidation? tom: futures this morning, wonderful gas to drive the conversation. ryan leavitt can do that at invesco, but far more buried in the snow is to model out the path to 3.2% inflation by the summer of next year. many would say that is a world turned upside down. what happens to our investment portfolios, investments in bonds? >> the last four months, you can to new best continue to do that. right now it is a market trading on whether inflation is coming a better or worse relative to expectation. we need it to be good, better to relative to expectations. as that happens, we are likely to see the fed pause, like those old coca-cola commercials, the pause that refreshes. that is what markets are responding to. maybe they

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kohl's has 15% off sitewide and free shipping when you spend $25 or more. and walmart is offering this nintendo switch for $100 off. and most of the big stores are closed today. retail analysts say it's because of the worker shortage and companies just got a lot better at selling online, but you can bet that shopping centers like this one are going to look a lot busier starting tomorrow. linsey? >> $100 off a nintendo switch. if you could pick one of those up for me, zohreen, i'd be especially grateful. all right, thanks to you and happy thanksgiving. >> reporter: we'll try. >>> there is still much more ahead on "world news tonight." a heart-stopping moment, illinois police officers brave dangerously cold water to save a 9-year-old boy in a frozen pond. peaceful state. full plate. wait, are you my blind date? dancing crew. trip for two. nail the final interview. buy or lease? masterpiece. inside joke. artichoke. game with doug. brand new mug. come here, kid. gimme a hug. have you gotten your updated covid-19 booster? they're designed to help protect against

>> she mentioned kohl's and you looked over at me. >> i did, i looked over at you. >> i think kohl's -- he does some risk arbitrage from time to time appeared if he like me and many many others were like, ugh, i'm thoroughly disgusted and i'm out and not going to revisit it. netflix, i don't know. that's sort of interesting. >> well, you think about -- first of all, david tepper has been swift and nimble in terms of his call on the market and he's been right. he really has been when you think about semis, arguably at the end of september that was at least a bottom for now. semis went on a 30% tear i'm not saying that he wasn't right to be fading and micron is very different than nvidia, which has risen 52% from almost that date. so it's just a very interesting time when you think of some of the biggest hedge funds in the world and he certainly runs one of them, there's some very big and crowded trades that you have to keep your eye on as an investor and that's just been the story, very crowded trades. >> interesting that he stood by his holdings of macy's, which is a sizeable positio

stuart: earlier, i saw macy's up and kohl's down. lauren: look what happened. stuart: now kohl's is up what's the story? lauren: so they withdrew their guidance, right? they just gave previous guidance and they withdrew that. they blame the economy, they have to find a new ceo, all bad. same-store sales down almost 7% but stocks up 3%. it could be that we got the retail sales report yesterday and department store sales are down, so maybe investors just say you know what , kohl's, you have this turnaround plan and we believe your troubles are part of the overall economy, so you're not as good as macy's. maybe, you know, they are taking some of your shoppers who knows, but maybe it's not so bad? stuart: what about producers this morning told me that this is a special day at starbucks. you get the red cup. it's empty but reuseable cup of some sort. so why are workers planning a strike? lauren: at 100 cafes especially in the big cities, because they want to unionize and they don't like the way the company deals with unionization. there's about 248 certified union e

kohl's has seen a 1037% increase in searches dethroning amazon. last year amazon was number one on that list but what is it when we break it down as a category which ones are the top categories let's start with beauty. it's most expensive and doesn't go very often and we're all returning to partying. but it tends to do well in tough times. the second category, tech, and the interesting here is activities and experiences this is according to them, it looks like people are buying more meaningful gifts. investors, we pulled data and looked at the performance of the s&p 500 and retail-related etfs from november 1st to new year's eve. just over the last foive years. and the average return during this time frame was just over -- actually, this is a little bit less 0.3% this etf didn't do as well during the same time frame but you have the xrt retail etf down this is over the past two-month period you can see if you were invested in the s&p 500, it's a little bit better than these two. and if you're looking at some individual names that would be franchis

this season, the most beautiful gifts come from sephora at kohl's. light up their life and their faces. expect the unexpected. and shine brighter than ever. sephora at kohl's— now in 600 stores nationwide. >>> as we sit here in this room, i know your mother is still here. and your father. you talk about him often, your late father, who served in the korean war. his medal is over my shoulder here i believe. what do you think your father would make of what you did on january 6th? >> well, i hope my dad would be proud. and i have no doubt he would. my dad raised us to believe you ought to be willing to give up your life for your country. and my wife and i have dedicated our lives to serving this country. it's a country he loved, country my grandfather came to. he and mom lived the american dream. and i have no doubt in my mind that that combat veteran, that father of mine would have looked at me and said, you done good. >> mr. vice president, thank you. >> thank you, david. >> the former vice president says he hopes as time goes on that more americans

. >>> and we introduce you to a couple living on top at kohl's, find colorful blazers. leveled-up looks. statement-makers. and shoes for every mood. save now with an extra 20% off. more style. more savings. kohl's. >>> while the weather has been clear here, that's not the case for travelers around the country. naomi joins us with a look at some of the delays that flyer space . good morning . >> reporter: good morning . most of the millions of passengers hit the roads over the last few days. there are some whose flights were canceled today were yesterday and they are still trying to get home . it has been amiss with the wind and the rain and the sleet in the northeast causing major headaches for travelers this thanksgiving weekend. severe weather was primarily blamed for more than 60,000 flight delays and cancellations nationwide , yesterday alone , according to flightaware. new york , washington were some of the most impacted. >> the weather is not the best, but we are working with it. >>> and and he said the trip was more expensive than previous years and he calls it t

kohl's. >>> we have been talking about chilly temperatures. i have to say it's a beautiful day in the bay area into the afternoon hours. we will see a lot of sunshine, great opportunity to head to baker beach, stenson beach, get fresh air and vitamin d especially after how gloomy it's been. it will be chilly. we are dealing with temperatures five to ten degrees below average. on the bright side we are seeing a warm up as we head into the weekend with daytime highs returning to the mid 60s shortly. >> thank you. >>> here is an update on a story on our morning mix. first asian american on u.s. currency. they handed out the freshly minted coins yesterday commemorating the actress. it cost a regular coin in exchange. she's considered the first chinese american movie star in hollywood. >> she was against all odds, was in hollywood. in those days, can you imagine? a lot of historians talk about it and trace back what she did and how many movies she made. suddenly everybody is talking about it. >> coins are part of the new series of quarters honoring

kohls is up on that news. president biden said his economic policies will lower cost, bring down inflation. edward lawrence is with me. you asked the white house it it was time for a policy pivot because there's not been much success on inflation. what did they say? >> so the president won't take this president from me so i asked the white house press secretary karine jean-pierre. this is what happened. >> you said the president's plans were going to lower cost and going to get inflation down but the president's been giving us that message for more than a year basically without much success so is it time for a pivot? >> so i disagree with that not having much success because if you look at the president's policies as it relates to for example the gas prices, the president took bold actions as you've heard us say. >> but it seems open ended. there's no end it's going to in the future at some point inflation will come down. we're still seeing inflation at 8.2% near 40 year highs. >> we have seen actually that ie

they include kohls for president gigi thing to step down. what's coming up in a newly liberated cost of ukraine. we meet people struggling with the physical and emotional burden of putting the city back together and at the world cup and cats are germany restore some pride off their opening defeat to japan in class schools. they're equalized in a hard for 112 with germany that have a tough battle ahead to qualify for the know ah, i'm no longer welcome to the program. large protests had broken out in several cities across china of beijing. strict code 19 measures. they are a rare and dangerous defiance of chinese authorities. some protesters are calling for president gigi pink to resign box. his 0 cobit policy doesn't appear to be going anywhere. ah, this is an extraordinary moment in china, and it's spreading further. i'm wider in cities right across the country, hundreds and taking to the streets. angry and fed up with the government, save our current policy. oh, here in the capital, beijing, they lined the banks of it for several hours, man

a retail mix back and you have macy's crushing and kohl's disappointing and we tried to find the read through to the market. missing fines, ftx advisors only find a portion of the company's crypto leaving lots of money unaccounted for. i am alix steel with guy johnson. here is your verdict. if the garrett near 7% -- if we get near 7%, investors do not like it. >> west talk about a minimum of 5% and a lot of people saw that as a maximum. 5% to 7%. the ftx story gets crazier. i thought we were past peak craziness but no. there is a lot of crazy to come out of the story. alix: i feel like you're talking my language and i feel like something that was something i would say. we were trying to track where the money and loans were and it doesn't feel like there is a end to that. >> i think there may have been some issues with people's ability to count but we will come back to that and sonali basak is covering that. some great coverage but let's get back to the 5% to 7% and it is the question of the day. jim bullard setting the patients. peak rates are 7%. "even under these generous assumption

that includes bass pro shops, kohl's, and more. macy's is open as well. target opens at 7:00. >> a tree lighting ceremony starts tomorrow at 6:30 at cesar chavez plaza. >> there is jesus because of an increase in particulate matter. >> the bay bridge toll plaza there. between 4:00 and today is the worst time to travel on the road according to aaa. >> winston, the french bulldog just won the national dog show and is the first french bulldog to win. >> that is surprising to me. french bulldogs are popular. >> look at that baby. >> that is a good one. sometimes, i am not really for a full breed dog. i like the mutts out here. >> winston is ok. [laughter] >> just like going to whatever shelter it is in with see what is out there. >> do you have a dog? >> no. but i would like when i will get a month for you. >> which is cute. now actually would be a good time to have a conversation with her family. do a surprise pet that does not go well -- do not do a surprise pet because that does not go well. on the station, we saw our dog and adopted him so this really wor

our meteorologist is tracking rain through the at kohl's, find... colorful blazers... leveled-up looks... statement-makers... and shoes for every mood. save now with an extra 15% off. more style. more savings. kohl's. >>> right now on kpix 5 at 6:30, you are waking up on a first alert weather day. we are tracking rain through the bay area during your morning commute. we are joined by meteorologist, jessica burch. >> with this major frontal system that has been packing in all of this rain for us. we have seen 1.5 inches in the last 12 hours, just in santa clara alone. a flood advisory has been issued by the national weather service. this got extended to 9:30. san jose has been highlighted. if you live in the low-lying areas, flooding is more likely. this storm is really strong. it is continuing to settle in this morning. we have moderate pockets of brain just off into the eastern portions of the peninsula. we have san francisco and all throughout san mateo and into san jose. we are seeing a bit of a break from the heavy rain we saw earlier. concord is seeing heavy pocke

kohl's ceo michelle gass saying she's going to be stepping down and a new ceo coming in. preannouncing numbers that are better than expected >> it's up 3%. you hate to leave, announce your departure and the stock goes up 11%. >> yeah. >> let's get down to the new york stock exchange. you've followed kohl's >> i think michelle was under par for a very long time the numbers were really subpar but i love todd kingsbury. i know he's interim. when he was at burlington he did such an amazing job. he may be the person that can turn kohl's around, which is why the stock is really jumping. the actual numbers weren't that bad. those who know kingsbury are always impressed what he can do. i know kohl's is going to be -- obviously has too much of the wrong inventory but michelle gass was simply not doing a good job and the board recognized that and i think the board took action and i think it's very positive very positive. >> market agrees with you, for sure, jim. we've been asking people all morning, jim, what's more important for the markets, is it going to be election day today, t

kohl's. this is what voting yes on prop 31 means. yes on 31 ends the sale of candy flavored tobacco products. yes, stops big tobacco from targeting our kids. yes, protects kids from nicotine addiction. yes on 31. >>> we're taking our eyes to the skies where it's been pliny recently. we're starting to see a break in the system here partly cloudy skies for us with scattered showers in the north bay all throughout this morning, and even into the afternoon. we have a major cold front pushing its way through . overnight hour tonight, we will keep you updated in the weather center. if you wake up in the middle of the night, don't be alarmed. it is just that cold front pushing. actually, that's when we're heading into work tomorrow . >> we'll be on the roads. >> take some extra time tomorrow morning. >>> you can watch us right after the newscast on our sister station, kbcw, and we are live at 7:00 p.m. at 8:00 a.m. with the latest local news headlines and much more. have a great monday. ♪ >>> welcome to "cbs mornings" and hello to you, ou

from kohl's. so, this is having an impact >> costco is up. >> gap is down almost 9% this is ahead of hearing from these companies on concern that target's problems will be reflected as well in those, particularly apparel and general merchandise. and amazon is down 3%. you know, amazon had a brief move higher, and outperforming the group or outperforming big tech for a bit there on the reports of as much as -- as many as 10,000 people losing their jobs, 3% of the company. but it retreated a bit and is down again today perhaps more on the actual concern about spending >> it's funny. you've got mark zuckerberg curtailing spending and extraneous projects, and everybody loves it you have amazon curtailing spending and extraneous projects, and people hate it >> you had bezos come out and literally tell people not to buy stuff. >> well, bezos was kind of like, you know, the apocalypse is coming, so maybe cut back on alexa. >> i don't know about you, but i'm going to space see you later. i'm out of here.

plus reaction to cisco, nvidia, macy's, and kohl's our road map is going to begin with growth concerns jpmorgan is predicting a mild u.s. recession next year we got tech earnings from nvidia, cisco, and even alibaba. overconfident and careless, the words of sam bankman-fried in yet another tweet storm. we'll begin with stocks sinking in the market. a lot of this is coming on the heels of bullard's slide show in which he did say restrictive could mean 5 to 7% it's getting talked about quite a bit. >> i think that we have disparate views, lael b raraina the other day, it sows confusion and uncertainty. i listen to what bullard says, and my first reaction is, be very careful sell everything, raise cash. if you're looking for 7%, do something that is -- that says that things could go into a very severe recession and that they want it. and i'm not sure that that's wrong. i mean, look, if you want to break, you know, pull volker, did not care if he created a recession. he cared about making it so there was no inflation and bullard's got -- i think he's got a formula that says that things con

if you're a broad lines retailer like kohl's, penny's department store, those guys are going to have it really tough because discretionary sales are challenged supply chains left us after having empty supply chains, they left us with a glut and you don't have food to drive your business >> kohl's reports on thursday. thank you very much. >> thanks. >> former head of walmart u.s. san francisco fed president pouring cold water on any hopes of a pause in interest rate increases today on cnbc. listen >> pausing is off the table right now. it's not even part of the discussion right x■x■x■!9 the)■z■is rightly in slowing1jm■ the pace. >> after the break, we'll ask pimco's erin brown for her take on the path forward and how that is informing her investment decisions. making changes lately. dow has gone negative. down 39 points now you're watching "closing bl" cc.el lily! welcome to our third bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find t

questions, about kohl's new interim ceo -- the real estate, investors have been pushing. w no comment from the activist, but he's got to be happy to see his board director become ceo here certainly in the meantime, investors appear pleased as well with the news. >>> take a look at disney. shares are popping ahead of earnings after the bell. we're going to break down the key number straight ahead. >> that story plus, not popping anymore, now lower we'll tell you what to look for. >> crypto on a wild ride today just look around. this digital age we're living in, it's pretty unbelievable. problem is, not everyone's fully living in it. nobody should have to take a class or fill out a medical form on public wifi with a screen the size of your hand. home internet shouldn't be a luxury. everyone should have it and now a lot more people can. so let's go. the digital age is waiting. another busy day? yyyy of course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solut

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, kohl's up 1037% for year over year searches dethroning amazon. last year amazon was number one. number one when it came to search retailers on black friday for 2021 but now it's number four on the list we just have a bunch of different screens there. people are searching for beauty products and tech. tech leads the way with pcs, gaming consoles topping the list and the top search cell phone brands are samsung, apple, google, sony this year samsung was knocked lower because of google taking the top spot you can see with this, no surprise, apple is still up here at number two, because shoppers are looking to get their hands on the new i phone 14 and iphone 14 pro waking up on the west coast, you want to know what are the best deals, data shows toys are seeing the biggest discounts, followed by electronics and computers. but cyber monday is expected to be the better day for electronics so you should maybe wait for that until monday. >> thank you it's amazing how much different this year is from last year when we were dealing with supply chain issues