got to enjoy the annual macy's thanksgiving day parade. one of the biggest thanksgiving traditions.some of you are also gearing up for another tradition...black friday shopping! tech gadgege are always at the top of the wish list.cbs 2 news reporter matt hammill checked in with best buy to see what the guys in the blue polos expect to be the hottest item this holiday season. season. " technology was the number one category that people want to give and receive - one of those new items will be the i pad pro so obviously you can see this is alot bigger size screen than it has been previously - -go ahead and pick iiup for me so you can see e w light weight it is as well - so for such a large tablet it's extremely light weight what they've done with this too is a faster processor so it is the fastest one to date for i pad. pad.the other great technology that's going to be going on this year i think is the 4-k tvs - :04 :04the resolution is beyond anything i've ever seen in my 14 years i've beenorking with best buy .. alot of it is still confusing because its still kind of new

away from the annual macy's thanksgiving day parade. the 89th annual of the spectacular will feature 27 8,000 marchers. security normally heavy, of course, but this year you can expect even more layers of officers along the 2 1/2 mile parade route. rob nelson on the upper west side right where it's all starting. good morning to you, rob. >> reporter: good morning, ken. let me step out of the way and introduce you to a good old friend. thomas the turkey will be kicking things off at 9:00 when this parade gets underway. this iconic national tradition here in new york city. more than 3 million people expected to line the streets today for this great tradition. this is is the 89th year of the macy's thanksgiving day parade. it will be a mix of beautiful, spectacular weather, and also unprecedented security as well. nypd tells us this will be the most heavily policed thanksgiving parade in city history. everything from bomb sniffing dogs to radiation detectors to heavily armed guards will be deployed to keep this event the streets. this year's massive event happening in the aftermath of the

duel and draft kings? >>> brawl at the mall. is jcpenney making a big move against macy's? >>> and bubble.com, another sign for investors that tech's big run may be running out of steam and fast. >>> but we do begin with the world of daily fantasy sports under fire. the new york state attorney general ordering two of the biggest players in the space to stop accepting bets. >> mandy, whether or not you believe daily fantasy sports is gambling, eric schneiderman says it is and it's the illegal variety. now, as new york state's top law enforcement official, his word carries a lot of weight and like you said, he's demanded that fan duel and draft kings stop taking wagers within the state. now, this is the most important development in the daily fantasy saga so far just because according to sports economist patrick reich at washington louis st. louis, new york based players make up 10% of this billion dollar industry. snyderman's argument is daily fantasy sports or dfs meets the state's criteria for gambling and it's not like traditional fantasy sports where there are weeks of commitmen

a new six-year low. macy's sending shockwaves through retail. it's not all brands. a big beat this morning from kohl's. we'll have an exclusive with john malone in a moment and apple reportedly diving further into payments. pay pal and google wallet may be on notice today. first up, kohl's up sharply on better than expected quarterly results. comps up 1%. retailers citing strong back-to-school sales. comes after macy's reported the weaker sales and guidance. comps up better than estimated. inventories up 5 but still sequentially better. the take is, given macy's, this is pretty solid. >> there was a time when 1% comp growth would be something that i would turn to you and say, wow is that pathetic. people were looking for 1% comp growth and they gave it to us. was it -- kohl's has one advantage. they don't have a giant flagship store. kohl's is also trying to differentiate some of its products. that's not an easy thing but they have good private label. i happen to like the private label very much. private label is often what the key is nrd to make good profit. but kohl's demonstrate

growth could lead to a possible recession in 2017. sales information out in october. macy's stock is down. what is the status of retail with holiday shopping around the corner? away from ther close of trade and i've led to the market desk where julie hyman has the latest. : losses have been accelerating in the past half hour or so. we see a relatively high volume today. a lot of volume on a down day. 10%the s&p 500, volume above the three-day average. on the nasdaq, a decrease in volume. though investors are paying some attention to the fed commentary today. general theme being we will see a gradual pace of liftoff. also commodities are a heavy weight on -- heavyweight. materials the biggest but it is broad-based selloff. that has been the case throughout the day. health care, industrials, financials all down more than 1%. i want to take a look at the underlying commodities where we see a good amount of selling today. crude oil falling after the weekly inventory number raised. gold falling to about a five-year low today. copper futures falling as well. this after we got some credit t

stake for retailers and how shoppers can profit. 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 between turkey and

retailer that is macy's. while few people actually expected macy's to do well in an environment where the globe seems to be warming right in front of our very eyes, today's sharp selloff on some really bad earnings kind of took our breaths collectively away. as the chairman and ceo said at the very beginning of his really i think very disconcerting conference c cl, we had a very tough quarter. we are clearly disappointed with the 3.6% decline in comp store sales of owned and licensed businesses. and the 8% drop in earnings per share. we believe that the retail industry's going through a tough period that we seem to experience something like this every five to seven years or so. and this one feels familiar in that regard. here's the rub. it may feel familiar in terms of the magnitude of the decline to mr. lundgren, but it isn't familiar when it comes to the reasons for the dropoff. the last time we had such a sharp decline in sales as lundgren talks about later in his conference call was after the fall of lehman brothers. sales just stopped back then. that was the recessisi and then mo

money." 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 and i wonder is this everybody or just macy's. >> and that

>> announcer: this is "nightly business report" with tyler mathisen and sue herera. >>> 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 h

holidays are traditionally the season of department stores from the macy's thanksgiving day parade and festive window displays to crowds of shoppers. but the retailer is beginning to see their sales go elsewhere. department stores are expected to see just a 1.2% growth in sales for the fourth quarter of 2015. at the same time, discount online and catalog retailers are expected to have a much larger growth in sales. and americans are increasingly turning away from brick and mortar stores. the average consumer now plans to do 46% of their shopping online. holiday shopping is even going mobile. more than 21% of smartphone other than plan to buy on their devices. but despite all the options, there may still be a silver lining for department stores. more than 55% of consumers still plan to shop there. hudson bank ceo says retail can't be counted out. >> what you didn't see was an apocalyptic change in the consumer saying we've reached a tipping point where it's all going to the internet. >> the holiday shopping season is well under way. but can department stores get you into the actual

. on the east coast for the macy's thanksgiving day parade, looks like it's going to be pretty warm. on thursday, upper 50s, low to mid 60s on friday for you going out shopping. if you're shopping through the plains, temperatures only in the 20s and 30. today, lake-effect snow. elsewhere, it's a little below average. little chilly for this per hour. good morning i'm meteorologist ben dorenbach sunday: we'll warm up slightly up to 34 degrees with sunshine and southwesterly winds at 10-15 miles per hour. your forecast brought to you by knova's s rpets, sisixlands largest shaw ooring center. >> and that's your latest forecast. chilly on the plaza? >> little chilly, but not bad. >> not terrible. we have a nice crowd. we miss you, dylan dreyer. >> see you in a bit. >> you're missing ice cream, by the way. just saying. >> i heard. i'm not happy about it. >> we'll save you some, we promise. >> this is a big deal. even if you're not a nascar car,r, this is a big deal. >> yeah. later today, the checkered flag will wave on the racing career of jeff gordon. he'll start his engine for the last time

place for the big macy's thanksgiving day parade. as we kick off your day of today, thursday, november 26th, 2015. >> announcer: from nbc news, this is "today" with matt lauer and savannah guthrie, live from studio 1a in rockefeller plaza. >> there's a pretty sight. welcome to "today" on this thursday morning. happy thanksgiving, everyone. i'm natalie morales with willie goois geist. >> savannah and matt are ready to start the parade. we have a beautiful day for a parade. >> happy thanksgiving. >> remember how we were whining last year, it was cold, started to rain, sleet in the air? none of those reasons to whine exist this year, although every year for this parade, the two big issues are the weather, which we said will be great, and security. >> i think it's fair to say we're seeing a security footprint like we've never seen before. people you see, people you don't see. just ahead, we're talk to chief jim o'neil, head of department with nypd and in charge of security. we'll find out what they have planned. >> natalie and willie, we'll be talking about the pomp and circumsta

sectors by the second quarter. >> so when you look at a macy's chart people aren't buying overcoats? it's nothing beyond that? if that was a consumer spending chart which it isn't necessary -- >> that's part of the problem. they're not selling electronics or cars -- they're not selling -- there's no restaurants in these macys where people are eating out. maybe it's not a reflection of where consumers are spending. >> 73 to 40 -- what are the main retailers in three months when we're raising rates just seem ace little -- >> well, i mean, i think there's a selective but significant increase in inventory. so certain companies are experiencing that and i think the larger trend that we're seeing, the theme with consumers is there's a recovery but they're being very selective in how they're spending their money. >> they're freezing but they got their electronics so walking along with their sticky iphones and their ipad 6 pluses or whatever. >> there's a total rotation on how consumers are spending and it's exactly the point you're both making. people are choosing to spend money on that iphone a

than estimated. macy's sparked concerns among retail investors that there was a big overhang in the department store industry. kohl's seems to be defined that with earnings ahead of estimates up 1.2%. i have been adding more on trend athletic products and national brands. that strategy seems to be helping. macy's it self bounced back, at 4.8y coming back percent. full earnings tomorrow, it had comparable sales that beat estimates. macy's not bouncing back by that much but analysts at north coast as well as citigroup coming out and saying it's worth perhaps buying shares. we are looking at sally beauty, that chain has shares up more than 8.8% -- 8.5%. however, it looks like sales matched estimates and the company is looking at gross basis expansion in 35-45 points. it appears to be trying to rejuvenate the company. fallingporting goods arter a tr global -- global saying it is being cut from mixed to positive. warm weather seems to be the culprit as fewer people come in to buy outdoor boots and heavy coats and other types of winter gear. >> it's like, what is the perfect temperature f

. poor revenue and guidance from macy's has dragged the entire sector down. we're going to discuss whether the holiday season can turn things around for that group. >>> and anadarko withdrawing its offer to buy apache, but others could be in play. we have a special report coming up. >>> the ipad pro has officially been launched today. i want to know about the keyboard. kelly wants to know about the pencil. we have someone who says tablet is "too big to fail." >> a loaded description. and harry connick jr. will join us here at the new york stock exchange to talk about veterans day, his latest album and the changing music industry. he'll be ringing the closing bell shortly. >> looking forward to that. 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.

to an end this week. meanwhile, macy's having one its worst days in years. >>> when we come back walt mossberg will have his review of the ipad pro. he is sticking with his ipad air. plus, a lot more on jack ma and the singles day blow out, and then kroger's making another acquisition. stock has tripled over the last leyears, and the ceo is with us next. finally, the new york stock exchange commemorating veterans day here on wall street. they just range a bell at 11:11 a.m. on the 11th day of the 11th month. veterans here at the nyse unveiling the plaques new york platform to commemorate those that have serbed in the armed forces. here at the td ameritrade trader group, they work all the time. sup jj? working hard? working 24/7 on mobile trader, rated #1 trading app in the app store. it lets you trade stocks, options, futures... even advanced orders. and it offers more charts than a lot of the other competitors do in desktop. you work so late. i guess you don't see your family very much? i see them all the time. did you finish your derivative pricing model, honey? for all the con

company is dealing with low traffic and high competition. guest downgraded macy's to a target price of $52 a share. good to have you with us. we got a glimpse of this at the selloff, so what is going on with macy's? is it because torres a mystic lining? factor butt's one there's also the weather and there are no must-have items. the consumers should have more money because of lower gas prices, however we are seeing consumers spend on experiences as well as restaurants and also save on that money. betty: they are spending it on dining out or maybe the movies. is that taking money away from retailers? oliver: we have that and then we have consumers who love what ever you can instagram. even handbags are starting to see a softer trend. why is macy's having the biggest trouble question mark you mention they have no must-have items. :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. ev

at macy's, the other was at tiffany. so now, what can you say? that's our team, now lets do some science. hey guys welcome to techknow, i'm phil torres joined by lindsay moran and marita davison. as you guys know, when i do my science it's all spiders and butterflies. but when i'm in the field i love going to peru. the rainforest there is amazing but the last time i was there and i looked out the window flying in and i noticed a huge section of forest was missing. you have to be talking about the devastating impacts of gold mining, of illegal gold mining that's been hitting peru, my home country bolivia, and the entire region really it's been happening for the past few decades. phil since you first brought this story to techknow the question we've been asking is, can anything be done to stop the destruction of the rainforest, or even restore it? those are the big questions and thanks to a team we joined on the ground there in peru, we're starting to get some answers... and there is hope. >> the amazon rainforest. legendary, primeval, it's home to 10 percent of the world's known s

week. security will be increased at one annual thanksgiving tradition -- the macy's thanksgiving day parade. parade.at least 25-hundred extra police officers will be on duty to keep the roughly 3 million people safe along the streets this morning for the parade.thousands showed up yesterday to watch the final preparations for the show -- that includes inflating the giant balloons that will be featured in the parade.later on cbs 2 this morning -- we'll introduce you to a local teen who was handpicked to march in the parade. after all the holiday gatherings -- many people will fan out to do some holiday shopping.police want to remind you to use some common sense. sense.the cedar rapids police department says holiday sales draw in shoppers but they also attract would-be thieves who are ready to steal those great deals you just snagged. officers say shoppers should always be aware of their surroundings -- and shouldn't leave anything valuable in the car in plain sight -- and park in well-lit areas. be alert when you're driving, when you're walking and if something doesn't seem right

the deal. let's go inside. it's on. >> 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 t

. everything you need to know about the macy's thanksgiving day parade as we look live there at tom turkey. "today in new york" "today in new york" starts now. our own tracie strahan next to mr. turkey. good morning, everybody. i mean that in the best possible way. >> of course. >> 5:00 a.m. on this thursday, november 26th. i'm michael gargiulo. storm team 4's chris cimino here with the fwraft. >> there's a line there, michael, but i'm not going to touch it because tracie know where is i live. temperatures in the upper 30s. 27 in stonykill. beacon at 29. towards the city, lower 40s. northwest new jersey, still in the 20s. a cold start in the burbs. a little better in the city. a milder day on this thanksgiving with patchy cloud cover. 55 by noon. forecasting a high of 59 degrees and no rain to worry about. anything to worry about on the roads so far, lauren? >> a couple accidents out there. one of them shutting down the ramp from the southbound fdr drive to 63rd street. you'll need to use either the ramp before or after to get around this. heading over to long island, deer park avenue, mon

macy's thanksgiving day parade, looks on thursday, upper 50s, low to mid 60s on friday for you going out shopping. if you're shopping through the plains, temperatures only in the 20s and 30s. today, lake-effect snow. elsewhere, it's a little below average. little chilly for this time of >> and that's your latest forecast. how you guys doing out there? chilly on the plaza? >> little chilly, but not bad. >> not terrible. we have a nice crowd. we miss you, dylan dreyer. >> see you in a bit. >> you're missing ice cream, by the way. just saying. >> i heard. i'm not happy about it. >> we'll save you some, we promise. >> this is a big deal. even if you're not a nascar car, this is a big deal. >> yeah. later today, the checkered flag will wave on the racing career of jeff gordon. he'll start his engine for the last time this afternoon in miami, chasing a fifth championship as he prepares to ride off into the sunset. kristen dahlgren has more. >> wouldn't that be a storybook ending? even if you're not a nascar fan, you've probably heard of jeff gordon. many credit him with taking nascar mainstrea

, california. >> security will also be tight at the macy's thanksgiving day parade, the biggest in the country. the company and the city of new york are taking extra precautions to protect the millions of spectators expected to line that parade route. courtney reagan has our story. >> reporter: the safety of the more than 3 million macy's thanksgiving day parade participants and spectators is always a top priority, and following recent terrorist attacks, it's front and center for the parade's 89th anniversary. the retailer says it works closely with law enforcement, as it does every year, on comprehensive security plans, saying, "as with any public event in new york city, security elements are extensive, from the very visible presence of law enforcement officers to wide-ranging, behind-the-scenes security operations. the safety of our participants and spectators is the top priority for us and our agency partners." the nypd is the lead security agency for the parade, and commissioner bill bratton says that the number of officers trained to deal with an active shooter situation has incre

the east coast for the macy's thanksgiving day parade, looks like it's going to be pretty warm. on thursday, upper 50s, low to mid 60s on friday for you going out shopping. if you're shopping through the plains, temperatures only in the 20s and 30s. today, lake-effect snow. elsewhere, it's a little below average. little chilly for this time of >> reporter: good sunday morning, morning, we're tracking a few spotty sprinkles and light showers out there but we'll get dry stretches mixed in as well through about lunchtime and mid to late afternoon especially after 2:00 pm this bloc many 'ing area of rain will work on in and across eastern massachusetts and especially southeastern the range. hills. the rain is done by tomorrow morning but the col >> and that's your latest forecast. how you guys doing out there? chilly on the plaza? >> little chilly, but not bad. >> not terrible. we have a nice crowd. we miss you, dylan dreyer. >> see you in a bit. >> you're missing ice cream, by the way. just saying. >> i heard. i'm not happy about it. >> we'll save you some, we promise. >> this is a bi

de turistas salieron a las calles a observar el tradicional desfile macy's en su edad 89, vamos ver cÓmo fue la celebracion. periodista: bajo fuertes medida de seguridad, ante la mirada de unos 3 millones de espectadores, y mÁs de 3.000 policÍas se desarrollÓ en new york el tradicional dÍa de acciÓn de gracias con el desfile de macy's ¿quÉ tal las medida de seguridad? >> muy bien, muchos policÍas, nos sentimos muy seguros. periodista: agentes encubiertos y otros que estuvieron con unidades caninas, incluso en helicÓpteros, piense desplazaban por manhattan. nos levantamos a la 1 de la madrugada para venir aquÍ porque es un ambiente muy bueno, la gente estÁ todos alegres, nos encanta celebrar para la familia. periodista en el evento estuvieron presentes miles de niÑos que llenaron de calidez niÑos en las calles. >> me gusta porque puedo mirar el desfile. otro de los grandes atractivos de este desfile, fueron personalidades como el bachatero prince royce y la cantante carry! en este participaron varios animales en vivo, incluyendo osos, leones, elefante y esta tradiciÓn

, is it the work of a serial arsonist? >> and counting down the hours to 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 te

stocks of hive-quality companies like mmings or macy's, anan rdstrom tonight joining in with a really hideous repo, the last thing you would expect is for a grownup federal governor or president to squawk about the need to -- when copper is trading at levels not seen in years, when aluminum and iron are plummeting, kind of crazy r people in positiononof power to keep talking about how we desperately need to raise interest rates, raise them. it's positively counter intuitive. with oil once again about to challenge the $3 level, who would think a lot of federal reserve officials would grab a microphone and say these the -- against inflation. i'm sorry. what inflation? i see deflation almost everywhere, except in wages. but clearly thatats all that matters to the fed, because by any other calculus, everything else is going down, except for make bone-in chicken and all-natural beef. two pretty niche commodities, unless you own a restaurant like i do. if you didn't know any better, you would think these fed policy makers will talk about the need it's a recipe for declining stock prices, an

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 for the 89t

. i'll only see it on 7. >>> a bay area macy's store offering more than homes and decorations. >>> meteorologist is tracking tonight's strong winds. >> raiders gave away a great opportunity today. >>> macy's and best buy are teaming up to test out a new partnership that will put an electronic stores inside may macy's store. >> they are going to sell samsung smart phones, smart watches, tablets and head phones. macy's is trying new things as sales are down for the company. the store plans to close three does underperforming stores next year. >> i wasn't sure how to dress today. >> all over the place. >> so windy. >> the winds are beginning to die down. a chilly start tomorrow morning with the winds not as strong right now. we've got the atmosphere well mixed. that's keeping temperatures up. live doppler 7 hd showing the moisture in and around the bay area you can see a few lightning strikes in san joaquin valley. thing really were unstable in the mountains. south of 50, we are looking at a few lake showers and bursts of snow 4-17 inches at the resorts. diamond peak picked up ei

macy's yesterday announced we're going to set up a discount store as well because nordstrom racks has been so well. it's that discount part of nordstrom that's providing the engine of growth for that company. expecting a lot of comments from them about how rack is doing tonight. >> a great read in the journal today about macy's ceo terry lundgren trying to steer this retail ship as they continue to get buffeted by a changing consumer. >>> a down day for commodities. let's get out to jackie deangelis with the latest on this sell off. >> that's right. your 3% sell off in crude oil today, 4175 is where we close and what's interesting is there are days where i will argue it was a weak equity session that took crude down and some people will argue the other way around. today we have fundamental reasons that the commodities took a hit specifically energy, the first would be the inventory report this morning, for wti that was a big build over 4 million barrels but opec was out with its monthly report talking about its outlook. unchanged. it doesn't see an uptick in demand, it's a slight decr

not gotten to macy's. busy morning. the miss, the revenue miss, the guide lower. missing the comp guide by 400 basis points. we heard terry lundgren on "squawk box" this morning. customer has not come back. has not come back for apparel. >> bad for real estate. they point blank said no to delivering alpha. david, now 30 points below where we heard they might do real estate. 30 points below. >> that was a monumental nondelivery of alpha. >> look, he's speechless. >> not just because of the mcmuffin? >> they see q4 comps down two to three, last year it was up by that amount. >> warm weather, because of that. who even wants to look at an overcoat. the flagship store is unique. but i think jcpenney had a decent number. people will draw conclusion that macy's is losing customers to jcpenney. i have wayfair on, leonard w. not a small thing. wayfair reminds you that amazon, everyone is nipping, nipping, nipping at macy's. >> this is a 10.5% decline at a stock that is at a two-year low. >> because -- >> what happened here? macy's was the star? suddenly somebody shut it off? >> jcpenney ca