there's no ann taylor. you want an ann taylor, go some place else. [ laughter ] >> jon: excuse me, sir. freedom town sounds great. i like the principles of freedom and liberty, but where will i get my casual basics. gap and ann taylor not allowed in the market driven independent. no word on ann taylor lost. you can pick up mix and match pieces for the office. the price point, which i can assure is almost -- [ laughter ] the point is. i thought y'all hated central planning. remember? the right, freedom, the left central planning and tyranny. >> get your damn hands off my fries, lady. if i want to be a fatty, and shovel french fries all day long it's my choice. >> jon: yes! and while french fries have been legal, cheap and ubiquitous, point taken. tell buts buffet. >> we have a real problem with food. it needs to be local. >> jon: (bleep) that! get your damn hands off the french fries laidism unless, you know what i'm sorry. i guess you are trying to do what is good for everybody. i think you know who else wa

what do ann taylor and intel and chipotle have in common? narrowing margins, intel increased cap backs and ann taylor was talked about excessive discounting narrowing their margins. we have just seen expectations of ever widening corporate margins and this earnings season is far from over. completely unrelated names and maybe that's the first tip of the iceberg. >> it's interesting you mention margins, amazon, the story there has been margins. they are mins kul to begin with and if they go negative they lose money and it will get pummeled. >> all of these examples there is always the example of the general electric which delivered and then some on margins and projecting a good 70 basis point increase. for every ann taylor and chipotle there is another stock -- >> that being said, these companies are managing costs well and buying back a lot of stock. that's helping margins here. in some ways, to me, to mike's point, intel could be the thing as we think about technology going back to the original discussion here, technology is the one where t

and our model, catherine, is wearing the ann taylor dress under $100, $99. it's all about the accessories, too, the simple little -- she's got simple little strappies on. she looks so cute. >> but it's subtle. >> she's not matching the drapes. she looks gorgeous. >> beautiful. looks like a lot of fun. >> great, thank you. finally, the one-shoulder look is very sexy. it's a nice look. >> one shoulder is a very sexy look. jenny yoo. that's a really fun, $265 dress. the neckline can be 15 different ways. that's fun. on the fancy one. but this one, eden bridals, $138. and coco looks fabulous. >> terrific. >> one last trend, it's gray. >> one last trend, gray. gray is the new black, so for our splurge we have a monique leullier $350 dress. gorgeous dress. you know that would look amazing on your girls. but we have a save here from target.com. $69. you can find them all over the place. this is alicia. yep, yep, yep, that's the thing. gray is the new black. >> is it real fabric? >> it's real fabric. >> it's very inexpensive. >> let's bring all the ladies out. lady,

ann taylor down nearly 4% on the day. these particular names, not participating in this broad based maaket rally which was really a global rally. we took the lead from what we saw abroad and here we are today with some great numbers on the major averages but the retailers are really to the downside the back to you. lori: thank you for that report, nicole. showing optimism avoiding the dreaded fiscal cliff. will it all be sunshine and happy this year? we're joined by a bull that says the s&p will trade above the 1500 level. we're pleased to say happy new year to, you welcome to you chad. >> happy new year to you as well. lori: you have a keybanc, jpmorgan, saying the fiscal cliff deal will still cost the gdp about one percentage points in terms of growth this year. >> ha is very pullish, actually. expectations early on were for a fiscal drag of around one to 2%. that is one of the reasons why the market is rallying today. lori: sorry to come in here, what i wanted to point out was, yes, it is less of an impact than expecte

. >> this one's by anne taylor. >> busting out all over. >> you look amazing in this ann taylor dress. $600. >> that's unbelievable. >> you can mix and match the pieces. $600 for both, but she's got the corseted top. >> i love the veil, it's so cute. >> looks great. let's go to bridesmaid dresses. a lot of people hate these, you never wear them again. >> this is a peplem, it's a trend, that's the splurge. >> great cocktail dress. >> great, the scheel is gorgeous. this is $159. >> oh, my gosh, love it. >> amazing in that little black dress. very flattering. that's something a lot of your friends, you know, may be afraid about, but try it on. elizabeth looks good in this. ask your girlfriends. >> let's go to prints. >> patterns and prints, you don't just have to wear a solid color, can be fun to wear a print. this splurge is $290. and our model, catherine, is wearing the ann taylor dress under $100, $99. it's all about the accessories, simple strappies on. she looks so cute. >> subtle. >> she's not matching the drapes. she looks gorgeous. looks like a lot of fun. >> great, thank you. fi

she is starring in ads for ann taylor. but she's not just another pretty face. kate will soon be modeling her own designs for the brand, creating a collection that will be inspired by her red carpet styles. it's her first shot at fashion design and will be in stores by may. we wish her luck. >>> and you have questions, we have answers on "pop news." yesterday in our pop quiz, we asked why are these shetland ponies wearing sweaters. the answer was very simple. they're wearing sweaters because they're scotland's new tourism ambassadors, of course. they wanted more. they wanted to know how does one put a swert on a pony? >> i did want to know this. >> we have video that explains it. you butting them, of course. >> that's cheating. >> how else would you put a sweater on a pony. this is behind-the-scenes video from that shoot. >> two days of shetland ponies on "pop news." >> sometimes, the follow-up -- >> call me when you get a rhino in a turtleneck. >> funny you should mention that. >>> on our pop quiz today, the force is with this megastar director who has just agr

. >> women who shop on fifth avenue and all over this great city love and trust ann taylor as their wardrobe destination. >> i was the 105th mayor of new york city. this is the greatest city in the world. in which to shop and especially to eat. this is my new york. >> this is my new york. >> this is our new york. >> and this is retail's big show. >> so if you're interested in -- [applause] that's sort of fun. if you're interested in exploring how we might work with you, please, let us know. it is now time to start the show. as we moved closer to the end of 2012, the nation's attention was focused on the specter of a fiscal cliff which nettenned to -- threatened to derail an already-weak economy and push us back into recession. last minute heroics once again saved us from ourselves, but as yogi berra said, it's dÉjÀ vu all over again. according to the treasury department, the u.s. government will hit the debt limit in the next 30-60 days. that could mean missing payments for social security, veterans' payments and loss of confidence in the u.s. by credit rating agencies, foreign governments

ann taylor from a hold to a buy, also taking skull candy down. all three of those stocks in the red. >> good morning. if you just joined us, let's get the red map. markets seeing a 2% game. is it fiscal cliff euphoria or a bigger signal that 2013 is the year for you to get back into the game if you're not presently in the market? we'll bring in many strategists to review what's likely to happen over the next 12 months. avis is buying zip car in a $500 million deal. find out what the deal means for the highly competitive car rental market. plus, banks ending 2012 with a bank and heading into the new year with more gains. is it a sign to buy the banks in the new year? we'll tell you how to buy the sector. and the fiscal cliff, republican congressman vern buchanan and democratic congressman sandy lev it will join us to talk about america in 2013. so, the markets soaring so far on the first day of trading for the year. let's get some analysis on where we stand. ed yarden is president of yarden research. >> it's wonderful. i think with the benefit of

i'm anne-marie green. this is the "cbs morning news." [ cheering ] ♪ [ chanting ] ♪ starting at just 6 bucks. try our new southwestern mac and cheese with grilled chicken served with soup or salad. chili's lunch combos. starting at 6 bucks. more life happens here. i get so worried today when someone in my family gets the flu. fact: advil not only relieves body aches and pains that can come with the flu it also reduces fever fast. relief doesn't get any better than this. advil. >>> while the historical significance of the president's inauguration is not lost, a lot of fashion-minded people wondered what will the first lady be wearing to the ball. and they got their answer last night. our los angeles station, kcbs, takes a closer look at michelle obama's gown and the day's other fashion-forward attire. ♪ >>> it is bigger than the oscars, what she wears. >> reporter: the first lady sizzled in a red halter gown with chiffon overlay. >> to see this stunning red dress, i think it's just -- she knocked it o

. >> and we have breaking news right now out of anne arundel county. let's go to sky team 11 and captain roy taylor for the latest. >> northbound ritchie highway. they have fire crews as well as police on the scene. all lanes are shut down except for one, causing a major back up going northbound. we do not know how many people are injured. we will get you that information. reporting live, at sky team 11. >> a teenager will go to jail for the rest of his life for a deadly shooting on halloween. sterlin matthews was 17 years old when he shot and killed dequan burks. he learned his state this afternoon in a baltimore county courtroom. 115 years behind bars. at 25-year-old bellaire woman remains behind bars. new details on the subject of a lengthy police pursuit caught exclusively by skycam 11. lowell melser joins as. we learn that she has a connection to law enforcement? >> it is striking how long the rap sheet of the suspect is when it comes to traffic violations. she has been identified as 25- year-old alicia hoffman of bellaire. we are learning more ab

we saw taylor swift recently with the same look. and then anne hathaway in chanel. absolutely amazing. and claire danes in versachi. you have the black, the white and the red and they all looked gorgeous. special mention for halle barry. she always looks gorgeous. but her dress, she wore print, which you didn't see a lot of, and it was fabulous. >> sunny's take on the golden globes fashion last night. also, we want to let folks know that robin roberts is going to be on "good morning america" later. she has a special announcement to make, potentially about her return to the show. but it's good news. that's the important part here. so everyone, tune in to "gma" today for a special announcement. we continue to keep robin in our thoughts and prayers. announcement. we continue to keep robin in our thoughts and prayers. n i found t medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. th

there's ann hathaway. they did lucy lu. >> look at that. >> lucy looks like a little doll anyway in that outfit. >> taylor swift. >> who i thought looked sensational. >> they're really very mature dresses. >> check out halle barry. >> oh, my -- with the wave and everything. and how about george clooney and stacy keebler? come on, very cute. >> they did do us. >> and got milk. the good old days. >> i remember the good old days. >> thank you. thank you, everybody. >> this is one of those things that i'm sure this woman regrets. she wanted to -- >> i don't know. i don't know. it's working out well for her. >> she wanted to sell an item of clothing on e-bay, so she wanted to take a picture of it. so before we show it to you, she decided she was going to take a photo of it. and she didn't realize that she was in the reflection of the photo of the dress. >> so she sent it off. >> she sent it off to ebay, and it was posted all over. well, if you can see, we've put a little black strip where the sun don't shine, b

. >> there was a rumor that taylor swift was after you. >> on the night actors celebrating acting. >> this is one of the awards that all actors revere. >> from anne hathaway's confession about her new husband. >> i am making you cry. >> to sofia's crazy phone call. and the stars doing the super bowl shuffle. >> that is like this. >> then the hillary and what rauch show. >> i consider her a close friend. >> their interview about 2016. the new jonbenet shocker, why her parents were nearly spited but never charged in her beth. the new york senator demanding an apology from beyonce. the lipsing scandal.

. >> how about anne hathaway. >> anne hat away. >> the kids. >> the minianne h anne hat away. >> a dead ringer. >> you get the idea. kerry washington, taylor swift, do we have the photographs of our dear friends here, savannah, toddlers? >> maybe it will come back to me. >> they did us on the show, guess. >> well, they did you guys on the show. >> i will taken your word for it. >> remembered it, wonderful, stay with you always. there is halle berry. >> a bonus take. al, you take this one. i will not endorse it. >>> tuesday, i gave will lay brand new nickname on tuesday. check it out. >> and that is your latest weather from chicago. natalie, woody -- woody? [ laughter ] >> who's that now? >> woody. i like it. >> al -- >> i will go with woody, too. >> al, i have been on the show for three months now. >> meet buzz lightyear. >> so is this the woody? >> is there a resemblance. >> i'm telling you. >> need to do a split screen. >> can we get a split screen? >> dead ringer. dead ringer. >> look at that. >> where's -- there's a snake in my boot. >> where do you see it? >> right there. >> dead r