macy's shares are getting smacked. is this a bad sign for retail as we head into the crucial shopping season? marcus lemonis knows about retail, has some thoughts about a lot of things, and we're here at iconic to talk. let's talk first about fantasy sports. you got a thought on it? >> well, it's the time that makes it feel like gambling. does that mean if it's a week or a month and you don't win your pool for a delayed peer eed per time -- >> it's less gambling? >> at the end of the day it's gambling. i'm afraid the states are now going to start to regulate websites. are they going to move offshore and the same thing will happen? if people want to spend their money doing that, that's their business. >> let's talk about retail, words from -- a report from macy's, jcpenney also. how are you seeing businesses across the country and the propensity of consumers to spend? >> i looked at some of macy's comments around why they think their top line is down. i don't know that i'm buying all of them. one is it's warmer outside

before events even kicked off, protesters filled the macy's store where the parare ends each year. demonstrarars went into the store as part of a black lives matter rally. the rally was aimed at police shootings involving black men who were killed in chicago and minnnnpolis.several people were arrested on potential disorderly conduct charges. protests continued in chicago where there is now more police video of that deadly shooting from last year. demonstrtrors blocked off ststets and disrupted traffic. last october,officer jason van dyke shot 17-year-old laquan mcdonald 16 times.some of the video you're about to see may be difficult to tch. the first tape released earlier this week shows mcdonald running down the street before falling to the ground. the new video is from four other police cars that responded to the scene - including offifir van dyke's. authorities say it shows his car jumping a curb to chase mcdonald through a lawn.an attorney for mcdonald's family says the teen is shown walking away from police cars, not toward officers.fficer van dyke's'sawyer says the video doe

that's blocked over by macy's. alternate parking rules in effect. >> okay, amy. >> it looks beautiful outside. the sun coming up absolutely spectacular skies. temperatures are on the cool side. but they won't stay there long. actually, pretty mild. we're expecting a high of 49 degrees. 59 degrees. we're already at 49. 59 degrees, sorry about that. and 60s tomorrow. this beautiful, beautiful shot this morning to get started. 64 on friday. and then a cold front comes through friday night into saturday and that's where temperatures start to cool down again. then we're back into the upper 40s.

macy's said that's off the table. the complexities include the valuation, single property tenant, as well as macy's. can it afford the rent expense? macy's wants to remain investment grade. should be able to maintain financial flexibility, and that's a long-term type of interest. don't forget we're in the fashion business, consumer discretionary. these comps for sales can be wild and macy's fundamentally doesn't want to take on that leverage. that being said there's billions of dollars of real estate value. over $10 billion. it's something we'll watch and we think they'll be ad hoc about it. >> okay. we are, what, two weeks and a bit away from black friday. the commentary is fascinating. it's black friday in a relative sense going to be a damp -- are people realize 7ing it's about maintaining margin to an increasing extent and not chasing to the bottom to generate volume and press headlines. >> well, i think it's going to be a little of both. who should win here? probably consumers because there will be great deals in

macy's was close to the ceiling. macy's coming down a bit and jcpenney's is coming up. they are still one of the nine dollars stocks. there is no comparison at this point. suddenly, pennies has inventory they didn't have. it is filled with inventory. >> is it still the thinks people want to purchase? >> two weeks ago when i went in, they had signs out that said front and family, 25% off. press not a good signal. they're are doing much better but you cannot make a fair comparison between macy's and pennies. >> the consumer shift is away from clothing to electronics and gadgets. what does that mean for macy's who cannot really make that much on that? problem right now. based on fashion, there is one sector doing well and that athletic and leisure wear. if you are a sneaker manufacturer like nike, one of ,he retailers like foot locker under armour. those guys are doing well and i think the department stores have tried to shift their inventory to get into those categories that they don't have the critical mass. >> all of those specialty owngories have their standalone retai

making matters worse for macy's. the strong dollar discouraged -- what you have is what's known as a secular shift away from the browsing mall shopper toward the user of the browser and cell phone who chooses among the most convenient offerings. it happened fast. it's happening now. and sadly at least for the moment it's not happening at macy's. or pretty much any other old line department store in the united states. my own personal mall in my back pocket. that's a microphone. bill in ohio. bill. >> caller: bengal bears have buck eye but not browns. >> what's going on? >> sun ed son, recently missed quarterly earnings in a big, big way, but up on revenue and margins. given taken 85% haircut and they're actually up on -- do you think the selling's overdone? >> that's not a haircut. that's a buzz cut. i think you're going to be calling that one sunset edison when this thing is through. that balance sheet is what i call stretched. and that means it's a red flag. reggie in new york. reggie. >> caller: hey, jim. i wanted

alix: macy's actually outshining its rival. scarlet: first, to the bloomberg markets desk where julie hyman has said officials having an impact. yes, aa fed of fact -- fed effect on commodities. time tot is indeed raise rates, but it will be gradual. basically reiterating what we have heard, but a reminder to the markets. if you take a look at my bloomberg terminal, you have the declines we are seeing, really pretty ride based here. all 10 industry groups are down. in energyst decline and materials. there is not a lot of rhyme or reason in terms of cyclicals versus defense. utilities are doing poorly. staples are down. not indiscriminate selling. but very broad-based. look no further than your global commodity monitor. this has most of the energy complex down today. most of the metals down today. if you look at the bloomberg commodity index that matches all of these together, you see a decline of 1.8 resent today. since 1999.lowest -- you see a decline of 1.8% today. especially when you look at oil, for example. you did see pro

macy's setting the tone today. a disappointing report for the third quarter and also the fourth quarter. and as we enter the thick period of retail earnings, is this going to set the table here. >> does this bleed over into everybody else. >> is this a read-through. >> it is difficult until we hear from others. terry lundgren sounded some bells today saying things are very slow for everybody. and he is actually even addressing that people are going towards electronics, toward other purchases and less toward clothing. he did talk about the weather. he did talk about the warmer weather. and t and the fact that is pushing things back. and he talked about inventory. that is a problem. they have to get rid of that. i think we'll have to wait and see is this everybody in the field or more macy's specific. because i look at the online presence of a jw nordstrom, are they suffering the same. they have the off brand and the rack. they have themselves in a couple of different spots that macy's hasn't been able to penetrate a

we talk to the ceo of macy's. the king of retail. ♪ welcome to "bloomberg excited cannot be more not because the golden state warriors when the 16th game in a row. record-breaking, but i'm super pumped about the show we are about to have. is josh, when you came to bloomberg and mike said he resulted businesses you will run come and do think tv anchor was going to be one of them? sh: it was the one thing was that i was not going to do. terry, welcome, no better person to have ahead of thanksgiving. we have a lot to cover. david westin is off today, he is flying the friendly skies. i believe he thought as we do ireland, and fact. states three of french president's push to build a coalition against islamic state. after yesterday's meeting with president obama, he talked with angela merkel. merkel said germany is ready to strengthen its military commitments and global hotspots to relieve the french forces. nato is urging de-escalation after the turkey shot down that russian warplane. they called for further contact

. >>> macy's meltdown. it's the worst day for the stock in seven years after the retail bellwether reported a slide in revenue and said the outlook for the holiday quarter isn't much better. >>> new normal. are you harming your portfolio by following one of the most traditional and popular rules of investing? >>> and from the battlefield to the business world, the real reason some veterans are becoming entrepreneurs. all that and more tonight on "nightly business report" for wednesday, november 11th. good evening, everyone, and welcome. tyler mathisen is off tonight. >>> well, the magic of macy's was nowhere to be found, and it sent a chill through the retail sector. the department store that many consider to be a bellwether for the industry reported a sharp drop in quarterly sales, and it lowered its earnings guidance for the year, something many investors don't want to see heading into the holiday season. and that sent shares lower, falling nearly 14%, its worst day since 2008. courtney reagan has more on

many macy's employees. the chairman. >> happy thanksgiving. >> let's have a parade. what does this mean to the employees of macy's? >> too bad about this weather, by the way. >> i know, my goodness. >> we have 260,000 employees at our husband. this is -- company. this is our gift to america. we feel grateful to be able to deliver this parade and thank you for being here. thank you for all the coverage you've given us. >> terry told me he and his wife stayed overnight in the store last night. >> on the mattresses? >> no. we actually have a little space in my office where i sleep. i'll do that tonight. i'll be working tonight. we open at 6:00. i'll be here and working all the way through the night to tomorrow. >> what are your first memories of the parade? >> sitting right here, underneath this awning, and watching the snow come down. we don't have that problem today. just the feeling, with my family being cuddled up. today, i have my first grandson with me. the family tradition to me is so special. >> what d

:liver if you contrast macy's against nordstrom, which we like, macy's is 10% online and macy's does not really have an off price concept. cosco,think about tj or think about nordstrom, they have a great off price and that's what consumers are gravitating toward. everyone is looking for value, especially getting great brand at a markdown price. the internet is lending itself to a lot of price transparency. consumers have more power and get to choose what they want and shop how they want. betty: they absolutely do and they love the free shipping. you mentioned nordstrom. you are saying because they offer the variety of forms, that's why they are eating up oliver: 20% of the business being online and the nordstrom rack, that introduces people to the nordstrom ecosystem and nordstrom does not have as much tourism exposure, which is a negative. nordstrom is a higher income customer. the higher household income has been a healthier demographic. are they taking market share away from macy's at all? oliver: i think they are. going for a pie and nate -- and macy's is slightly negative. betty

like macy's. so we feel great about what has transpired here. >> so probably fair to say there is a shift. what is macy's doing to capitalize? >> we're the 7th largest internet company retailer in america at this point in time and we're inching towards being sixth by the end of this year. complete strength for macys.com and bloomingdales.com. but i think the way the consumer is shopping is quite different than it was. and that is that consumers starting the journey with their phone, doing their research, coming into the store are and trying on the clothes or touch that handbag or have the makeup applied. they want to make sure they do that, as well. and then they might buy it in the store or at macys.com or bloomingdales.com. but that's what has changed. but the consumer likes that multidwi multidimensional experience today more so than ever. the stores strong online and strong in store will be the winners of retail in the future. >> you've warned that there are a lot of inventories in your stores

as we talked about earlier, the macy's tone covering what's going through retail today. we mentioned nike. it's followed quickly behind by wal-mart. heats it for squawk alley. ♪ >>> welcome to the halftime report. i'm michelle caruso correra. we have joan, josh, john, and pete. the most famous armenians in america, except for the kardashians. >> shopping spree plus alibaba versus amazon. which on-line retail giant offers more bang for your buck right now? the great rate debate. with will the fed make a move, and will it rattle the markets. black rock's rick reader joins with us his take. fi t

welcome to macy's clown u and big apple circus. to warm up, come out and give a thanks happy thanksgiving to the whole parade. >> i'll walk up and come up, happy thanksgiving. >> look at everyone, up there, over that way. >> at the sky. >> looking close, looking far. >> the point -- >> all in the face and all in the heart. enjoy yourself and have a great time. >> red >> reporter: ready or not, i was off to the mock parade. >> a special performance of dylan dreyer. >> i don't know what to do. >> yay! [ applause ] >> let's give her a big round of applause, everybody. >> reporter: what really makes these clowns smile is spreading joy as they walk in the parade on thanksgsging day. >>>>t always makes your -- when we see signs, people from north dakota, south dakota, wyoming, all make a special effort. thank you for coming to new york. >> happy thanksgiving! >> i love it. >> dyla narksn, you're a natural. >> craig didn't know what to say. >> i used to be afraid of clowns but i wouldn't have been afraid of you. you seem like a warm clown

. >> would you rather macy's or nordstrom? >> macy's. >> nordstrom. >> j thv penny or macy's? >> macy's. >> i'll try macy's, how is that. >> lord and taylor and joss e. banks. >> what is your favorite department store. >> macy's. >> what is your favorite's department store? >> macy's. >> macy's, nordstrom. >> footlocker. >> it was the frank gifford jersey, wasn't it. >> where is she. >> it is a bed, bath and beyond. >> apple tv. >> diamonds. >> for you or for your lady. >> for me. >> football injuries. >> are you married. >> yes, i am. >> let's try again. what is the go-to gift for this holiday season. >> oh, jewelry. >> of course it is. >> who were the older gentlemen? >> a bunch of curmudgeons sitting around. >> are they your buddies. >> it was early in the morning and they are hanging out talking sports and i asked if i could join them. great group. >> you were a bad looking bunch. >> you look like bad -- >> it is like the muppets up in the gallery. >> we had a great job producing. >> a slew of names report this week. macy's report tomorrow, and kohl's on thursday and jcpen

terry london is macy's ceo. do you think the death of the department store has been greatly exaggerated at this point? >> i sure do. i mean, the last five years, my own company has grown by $5 billion with 38 less stores than we had five years ago. so, so i think that's an accurate statement that it's been grossly exaggerated. and if you saw the traffic when we opened the doors after 6:00 p.m., flowing into stores like macy's harold's square, you would say people definitely want to shop on that night and in the store like macy's. so we feel great about what's transpired here. >> so it's probably fair to say there has been a shift in how americans are shopping. what is macy's doing to try to capitalize on that? >> well, i think, becky, you know that we're the seventh largest internet company retailer in america at this point in time. and we're inching toward being sixth by the end of this year. so the online business is a complete strength for macy's.com and bloomingdale's.com so that's a positive for us. but i t

we'll start with macy's and jcpenn jcpenney. courtney reagan has the retail detail for us. >> macy's results dragging down most of the retail sector today. while its earnings beat it, you see shares plunge, down more than 14%. on "squawk box" this morning, macy's ceo terry lundgren said he was disappointed with the quarter sales. some of macy's highest volume and most profitable stores. and unseasonably warm weather. lundgren says macy's will focus on activities going forward, which includes cutting prices to lose merchandise. good for shoppers. less optimal for margins this holiday season. the company also putting a lot of effort into its off price concept, backstage with plans to open 53 of those stores in the next two years. macy's also announcing an agreement to open lens crafters in 500 department stores. separately, jcpenney's sales improved a better than expected 6.4%. it's pleased with the soon-to-be released third quarter results to come out on friday. it's a claim that alleges false advertisement in california. jcpenne

and in a store like macy's. so we feel great about what's tran spired here. >> it's probably fair so say there's been a shift in how americans are shopping. what is macy's doing to try to capitalize on that? >> well, i think, becky, you know that we're the seventh largest internet company retailer in america at this point in time. and we're inching toward being sixth by the end of this year. so the online business is a complete strength for macys.com and bloomingdales.com. so that's a positive for us. but i think the way the consumer's shopping is quite different than it was even five years ago. and that is a consumer starting the journey with their phone, doing their research, coming into the store and try on the clothes or touch that handbag or have makeup applied, all those things that are more tactical. and then they might buy it in the store or they may choose to buy it at macys.com or bloomingdales.com. that's what's changed but the consumer likes that multidimensional experience today more so than ever. i

it's incredibly valuable for macy's and for its brand. >> reporter: macy's isn't the only beneficiary. the floats and balloons sponsored by big qucompanies wi most appearing in the parade for three straight years. new floats this year include ocean spray, kfc and hallmark. so, while safety is getting extra attention this year, the man in the big red suit will be coming down 34th street as planned. for "nightly business report," i'm courtney reagan in new york city. >>> deere's earnings fall, but not as much as expected, and that is where we begin tonight's "market focus." the farm machinery maker posted results that topped estimates, despite weak conditions since crop prices are low. the company also offered a better outlook, saying it is prepared to deal with a worsening slump in demand for its gear. shares rose nearly 5% to $80 on the button. >>> hormel announcing its board approved a 2-for-1 stock split. the move has to be approved at the firm's annual meeting in january. the firm says it thinks the split will put its stock price in a more attractive range for a number of investors

the start of the macy's almost here. less than 30 minutes until you see 27 floats, 17 giant balloons, clowns, cheerleaders and much, much more, ready to dazzle you this year. >> fantastic. here on the plaza, check it out, right behind us, the staffcaffolding gone from the rockefeller christmas tree. looks stunning. we're going to bring you the star-studded lighting ceremony next wednesday night here on nbc. >>> coming up, we know the force will be strong at the box office this holiday season, but what are the other movies that should be on your list? we'll have the answers. >>> don't forget, our "today" food team is searching for the best cookies to showcase in our holiday cookie swap. tell us who makes the best ones in your state, and watch all next month for the recipes. >> when do we get to try them? >> that's what i want to know. >> speaking of food, sheinelle is in the kitchen as we help you prepare the ultimate thanksgiving day feast. >> you can't enjoy the turkey and mashed potatoes without gravy. sunny anderson h

>> macy's today. i can't imagine that given the fact that their real estate is, if you believe your alpha conference worth what the whole stock is trading for right now. they'll be a great retailer going forward. it's a question of your time frame. i'd buy nordstroms. any time they get cheaper i want to own them because they're one of the great retailers and they have it all figured out and they'll be one of the big winners going forward but i'd buy costco right now. any time any of the really good retailers that are going to be with us for a long time winning the game in their space, get cheap, they're fun to buy. >> what does this say about the health of the u.s. consumer? >> well, i don't think there's much wrong with the health of the u.s. consumer. there's a lot wrong with where they're spending their money but if you look at the forecast for holiday, isi just came out and raised their number for what they think holiday sales are going to be. mastercard just raised their number. what they think h

it's the macy's thanksgiving day parade. our thanksgiving parade correspondent, expert, tracie strahan, is near the starting point. you cannot say thanksgiving without saying tracie strahan. >> reporter: you can't spell thanksgiving without the "t," right? that is me, every year. i've done this parade, michael, in the rain, in the snow, in the freezing cold. first year, really, that i can remember doing it when it's supposed to be in the 60s. that's why i just spoke to parade organizers. they're expecting so many more people to line the parade route to see floats like the one behind mep. this is the goldiblocks float. these are toys for young girl to stimulate s.t.e.m. learning. doesn't mean there's no shortage of excitement to see. this float and many others that will line the route this year. let's show you video of all of on. not only with the floats but also we saw the inflation last night. so many people come to see all of the floats being inflated on the west side. this year it includes four giant new ones. it includes

macy has not and has been asked too many times. tiffany and company can really tell you about the antecedents of this gold, where as macy's cannot. >> 10 years ago - tiffany and company became the first retailer to sign the no dirty gold pledge. most of its raw gold is from recycled sources, the bulk of the rest comes from a single mine in utah. >> they made that supply chain shorter. they found a way to make it more transparent and to have more control over where they are getting their metal from. >> tell me more about traceability. how challenging is that? >> for us that's one of the hardest things we had to encounter when we first started. we'd ask our gold manufacturers, "where does the gold come from, is it recycled", and they'd say, "well, i'm not exactly sure." once they see there's a market opportunity they start asking the important questions and making sure they meet our standards and its traceable. >> macy's is the 5th largest jewelry retailer in the united states. the company turned down techknow's request for an on-cam

millions turn out for the macy's thanksgiving day parade. the extra precautions taken to keep everyone safe. >> beautiful weather on this thanksgiving. a little mild too. the colder air, when it arrives and tracking rain. >> how boston is marking >>> developing now at noon -- boston's thanksgiving begins with violence. a man shot and killed outside a fenway bar, three other people injured in that shooting. officers were near the ballpark last night when they heard those shots. good afternoon, thank you for joining us on this thanksgiving day. this shooting has some of the fenway entrances shut down this noon. as high school fans arrive at the ballpark for their thanksgiving day football games. nicole jacobs is live with more on the continuing to unfold investigation. good afternoon. >> reporter: good afternoon. that's right. police were just a half block away patrolling in this area when they heard the shots ringing out this morning, very early in the morning. you can see the roadway here is back open but still a police presence. new this af

what we now know as "macy's thanksgiving parade" was originally called the "macy's christmas parade" when it was first held on thanksgiving day in 1924. live animals from central park zoo were mainstays of the first few parades... but by 1927, they started using inflatable characters, starting with felix the cat. it's . time for a break. but we're back in just a moment with more news and weather for you on news-4 today. first though.. here's a look at some of the events on the od morning and welcoco back. whwhe we've had a few weweflakes so far this fall, we'll be hit with winter weather this morning. ben's got more in his forecast and we've got the details on how siouxland towns are preparing for the storm. also... top law enforcement officials in washington say there's no credible threat of a paris-style attack aimed at the united states - but theyeye still urging vigilance as isis ananother groups threaten to take their war to our shores. that story from washington is on the way. and... in the wake of the paris attacks... more security for a football game a lot closer to home. wha

macy's is teaming up with lens crafters who will be opening eyeglass stores inside of macy's. >>> first it was all day breakfast. now mcdonald's is thinking snacks. the fast food chain is adding mozzarella sticks to the menu. a box of three should cost $1 and will be available next year. >> so we can get one dollar worth of cookies in a bag and $1 worth of mozzarella sticks in a box? >> or you can go two boxes of mozzarella sticks for just under two bucks. >> jill, this sounds wonderful. horrible according to every nutritionist out there. sticks? >> you have salty, you can get burger. >> thank you very much, jill. we'll check in with you in the next hour. >>> rain, wind, hail, and even tornadoes. a powerful storm system stretching from texas to minnesota now heading in our direction. it started with snow, blizzard- like conditions in parts of colorado. up to a foot of snow fell in some places there, but that didn't stop this guy from getting out there and jogging. >> danielle, we had snow in the mountains yesterday. can we keep it away from the greater boston area a little longer? >> we

macy's just impacted the wrong. troubles me. when it comes to ordering popeye's i say treat yourself, but it could also be a treat for your portfolio. i have the ceo, and also homework that could help make you money.y. two new names. stick with cramer. i took mucinex dm for my phlegmy cough. yeah...but what about mike? it works on his cough too. cough! it works on his cough too. mucinex dm relieves wet and dry coughs for 12 hours. i'm lucky to get through a shift without a disaster. my bargain detergent couldn't keep up. so i switched to tide pods. they're super concentrated so i get a better clean. 15% cleaning ingredients or 90%. don't pay for water, pay for clean. that's my tide. we've been chahaing things up with k-y love. oh yeah. it's a p pasure gel that mamaifies both our sensasaons. it g ges us chills in places we've never gotten chills before. yeah, it makes us feel like... dare to feel more with new k-y love. to truly feel healthy on the outside you have to feel healthy... ...at your core. trubiotics a probiotic from o

that is what you want to avoid to avoid any problems, there's the parade in front of macy's with what is going on. as far as trains holidays and is it the, subways on a subway send a note schedule, street cleaning rules and meters are suspended. ben: you would have had to move the car. >> as much a part of thanksgiving as the turkey and stuffing. mes isn't celebrating thanksgiving in the city. ben: liz dahlem and on the west side. are those balloons ready? >> reporter: they are ready to go. good morning and so are we. this is the big symbol right here, this big turkey ready to roll down central park west, parked here and 77th street and we have seen a lot of the of loads ready to go and balloons as well but let's look down central park west, they are ready to get started in a couple hours. we were expecting record-breaking crowds with this beautiful day, over 3 million people expected to be year, 50 million will watch on television and you will also notice a lot of security here as is new york city holiday tradition comes to life. the giant balloons are ready to fly high in the sky fo

melanie sullivan, like a lot of us, grew up watching the macy's thanksgiving day parade. parade. "every thanksgiving i'm like tu on the tv! i want t t watctcthe parade!"but little didishe know, one day shsh would get the opportunity to play in the parade and be on national television. television. "i started practicing my solo and said 'i'm going to do this."she submitted an audio clip of her playing the flu onyoutube ananin april, found out she would be one of 200 band members in this year's macy's great american marching "i was really surprised. i wasn't expecting it at all. i just got a letter in the ll. just got expecting it at wasn't expecting it at all. i just got a letter in the mail and oh, you know i opened it and i was in shock. my mom couldn't believe it."sullivan says she's been playing the flute for eight years, but never in a million years did she think she'd get to wawa and play in one of the most watched holiday parades. parades. "are you a little nervous?" yeah, i am, i mean it's a big group so it should be ok."melanie will be playing the piccolo-a smaller version

the macy's thanksgiving day parade. balloons and floats and security like we have never seen before. and good morning and happy thanksgiving. >> thank you for joining us this thanksgiving day, november 26. you are never more than 7 minutes away from weather and traffic. amy frieze in for the accuweather forecast. >> no cold turkeys around here. looks like a mild holiday. temperatures are easy to take. we're in the low 40s. central park is reading right on the market. 43 degrees. nor normal high is 50. we will beat that easily. temperatures will be near 60 degrees. we're still at the freezing point for monticello, down trenton. we have 32 at tom's river at 25. islip, 32 degrees. here are the high temperatures, 60 in a lot of spots. 62 on top for tom's river later this afternoon. clouds will increase as we go through the day. do expect cloudy skies. a high today of 59 for beautiful thanksgiving. i'll have the details on shopping weather coming up in forecast. right now, get the latest on the roads. start off by telling yo