it sounds easy that's how we look at it as shoppers macy's is macy's everything should be cross platform easily. it is a hard thing to do behind the scenes. >> to that point, reading to get ready, closing the technology offices as a part of some of the restructuring? >> yeah. >> reconsolidating what message does that send? >> they're bringing the people from san francisco and from cincinnati to new york they have sort of operated this dual headquarter facilities for a listening time, particularly with new york and cincinnati and then san francisco was the added digital team and they're just really far apart and i think most think we can do a better job of bringing the business together if we are actually together. >> a good question did they give you a sense on the call to invest big-time in the future of retail, whatever that looks like or more of a kind of let's ring fence what works and discard what doesn't >> all three of those things we're focusing on the healthy parts, figures out how to very carefully get rid of what's not healthy and then optimize. they optimize the supply chain

so closure news doesn't mean macy's is going out of business. the smaller store sfrajt follows what nortdstrom, target and best buy have been doing for years. >> that was jo ling kent reporting. >>> still ahead police make an arrest after two women were killed at texaa&m ivsis unerty commerce >>> and actress shannen doherty opens up about a serious health battle it looks like jonathan on a date with his wife. ♪la-di-la-di-di entresto is a heart failure medicine that helps your heart, so you can keep on doing what you love. entresto helped people stay alive and out of the hospital. heart failure can change the structure of your heart, so it may not work as well. entresto helps improve your heart's ability to pump blood to the body. don't take entresto if pregnant; it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren, or if you've had angioedema with an ace or arb. the most serious side effects are angioedema, low blood pressure, kidney problems, or high blood potassium. ♪the beat goes on ask you

>>macy's has always been my favorite and i'm like. >>it's a sign of the times that the summer's ville town center in antioch the big red black and white banners hanging in the macy's store front windows announcing deals as the store closes up shop cut. i don't know maybe tomorrow should out. >>they're not telling you not even taking everything out of don't know what it looks like it looks like it's completely going down just across the macy's parking lot sits a vacant sears store which closed last summer. >>though frequent shoppers are hoping for another retail store to pop up. they know it's wishful thinking. >>the glow mind. let me i'm old-school i like going stores, look like amazon and everybody's taken over i'm still the one the live the goal to my window shopping this is just one of 125 stores nationwide macy's will be closing over the next 3 years along with its corporate offices in san francisco, their layoffs of more than 800 employees will begin in the spring. >>overall the company says it employs more than 5,000 people acro

. >>> still to come new struggles for macy's. it's closing more stores and eliminating thousands of jobs as it tries to reinvent itself. and eliminating thouss as it tries to reinvent itself. about vehicle quality. and when they were done, chevy earned more j.d. power quality awards across cars, trucks and suvs than any other brand over the last four years. so on behalf of chevrolet, i want to say "thank you, real people." you're welcome. we're gonna need a bigger room. than rheumatoid arthritis or psoriatic arthritis. when considering another treatment, ask about xeljanz xr, a once-daily pill for adults with moderate to severe rheumatoid arthritis or active psoriatic arthritis for whom methotrexate did not work well enough. it can reduce pain, swelling, and significantly improve physical function. xeljanz can lower your ability to fight infections like tb; don't start xeljanz if you have an infection. taking a higher than recommended dose of xeljanz for ra can increase risk of death. serious, sometimes fatal infections, as have

>>macy's has always been my favorite and i'm like. >>it's a sign of the times that the summer's ville town center in antioch the big red black and white banners hanging in the macy's store front windows announcing deals as the store closes up shop cut. i don't know maybe tomorrow should out. >>they're not telling you not even taking everything out of don't know what it looks like it looks like it's completely going down just across the macy's parking lot sits a vacant sears store which closed last summer. >>though frequent shoppers are hoping for another retail store to pop up. they know it's wishful thinking. >>the glow mind. let me i'm old-school i like going stores, look like amazon and everybody's taken over i'm still the one the live the goal to my window shopping this is just one of 125 stores nationwide macy's will be closing over the next 3 years along with its corporate offices in san francisco, their layoffs of more than 800 employees will begin in the spring. >>overall the company says it employs more than 5,000 people acro

>>the side of the times macy's announcing more store closures across the country. the bay area be affected and what's ahead for more than 5,000 people. work from >>and a santa rosa teenager jump into action how she saved her family when their home went up in flames security video company rating adds new options to increase privacy protections. i can read tom: my mom always told me actions speak louder than words. she was a school teacher. my dad joined the navy and helped prosecute the nazis in nuremberg. their values are why i walked away from my business, took the giving pledge to give my money to good causes, and why i spent the last ten years fighting corporate insiders who put profits over people. i'm tom steyer, and i approve this message. because, right now, america needs more than words. we need action. er of uninsurising.ricans, the cost of prescription drugs, rising. the threat to people with pre-existing conditions, rising. the good news, so is support for the one candidate who'll do something about it. as mayor, mike bloomberg helped expand coverage for

of course today's store closure news doesn't mean macy's is going out of business. the smaller store strategy follows what nordstrom, target and best buy have been doing for years. lester >> all right, thank you. >>> up next, is your make-up safe the fda hears arguments for the first time in 50 years on that question tom: my mom always told me actions speak louder than words. she was a school teacher. my dad joined the navy and helped prosecute the nazis in nuremberg. their values are why i walked away from my business, took the giving pledge to give my money to good causes, and why i spent the last ten years fighting corporate insiders who put profits over people. i'm tom steyer, and i approve this message. because, right now, america needs more than words. we need action. hea country that puts working together ahead of standing apart. where we find common ground to expand health care and build a stronger, fairer economy and save our planet. i'm a problems solver, i build teams, i nurture good ideas, i hold myself accountable for results. it's how i led a complex,

. >>> macy's is making a move to turnaround a retail slump. the department store giant will close the tech offices in san francisco. laying off more than 800 workers. it is also shedding dozens of stores. kpix5 reports one of them is in contra costa county. >> reporter: this macy's is the only one closing in the bay area. the company says they are restructuring its operations but many of the employees feel this is another reason why this particular store closing. >> it is a nice store. a lot of people hate to see it close. >> reporter: macy's is the latest store to call it quits. >> it is odd, really. sears has closed. >> all of the big businesses are disappearing. >> they said they will close 125 stores over the next 3 years across the nation. the reason the company wants to commit weaker shopping centers to improve the bottom line. >> just depends on the shopping center and the location. location is still everything. >> macy's will look to test a new concept by opening smaller stores and with this move they hope to save $1.5 billion by 2022.

of course today's store closure news doesn't mean macy's is going out of business. the smaller store strategy follows what nordstrom, target and best buy have been doing for years. lester? >> all right, thank you. >>> up next, is your makeup safe? the fda hears arguments for the first time in 50 years on that question. because our way works great for us! but not for your clients. that's why we're a fiduciary, obligated to put clients first. so, what do you provide? cookie cutter portfolios? nope. we tailor portfolios to our client's needs. but you do sell investments that earn you high commissions, right? we don't have those. so, what's in it for you? our fees are structured so we do better when our clients do better. at fisher investments we're clearly different. yeah. only pay for what you need with liberty mutual. only pay for what you need with liberty mutual. con liberty mutual solo pagas lo que necesitas. only pay for what you need... only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ skip to the good part with alka-seltzer plus. now with

we're talking about macy's but we have to include other brands, bloomingdale's and macy's backstage as well. the company is having an investor day at the new york stock exchange. they're trying to convince their investors they can make macy's cool again. that is the issue. what will they be doing? closing 125 stores across 19 states. they will shut down the cincinnati headquarters. focusing on only the new york headquarters. they are cutting roughly 2,000 corporate jobs. that is 9% of the corporate staff. then reformatting stores. this plan is so serious, they actually dubbed it the polaris strategy. this is according to macy's press release. if you're wondering about the three-year turn around plan. they have three pillars they want to focus on. the fashion game, some people say they're not as trendy. they will be expanding their value offerings as well. what i mean by that is, they will be expanding the macy's backstage locations. these are off brands. think of like a tj maxx, so things are a little bit cheaper, if the season is over, they would put it there. they will be reformattin

macy's now expected to lose nearly a fifth of its stores. is this the sign that the economy or at least the retail economy is failing? >> yes, the retail sector is struggling a lot and it continues to lose thousands of jobs. so we're seeing with macy's is that they did this strategy before back in 2016, they announced they were closing about 100 stores and cutting 10,000 jobs. now, here we are a couple years later and they are closing even more stores, at least 125 over the next three years, and they are cutting another 2,000 jobs. so, yes, the retail sector is definitely struggling, but it's definitely winner take all. when you talk about giants like target, walmart, amazon, they continue to push the envelope, trying to be more convenient for consumers and proving their websites, getting items that you ordered online to you within an hour. they keep pushing down prices and retailers were not able to keep up like macy's, they're really falling behind and struggling. >> so with those online sales becoming more and more popular, it's so easy t

>>macy's has always been my favorite and i'm like. >>it's a sign of the times that the summer's ville town center in antioch the big red black and white banners hanging in the macy's store front windows announcing deals as the store closes up shop cut. i don't know maybe tomorrow should out. >>they're not telling you not even taking everything out of don't know what it looks like it looks like it's completely going down just across the macy's parking lot sits a vacant sears store which closed last summer. >>though frequent shoppers are hoping for another retail store to pop up. they know it's wishful thinking. >>the glow mind. let me i'm old-school i like going stores, look like amazon and everybody's taken over i'm still the one the live the goal to my window shopping this is just one of 125 stores nationwide macy's will be closing over the next 3 years along with its corporate offices in san francisco, their layoffs of more than 800 employees will begin in the spring. >>overall the company says it employs more than 5,000 people acro

macy's isn't giving up yet. the retailer has launched a small store format which will operate under the name by macy's on the day it will try to convince investors of the key to reviving its fortunes. miss flare in new york. time now for our daily look at some of the newspaper and website stories which have caught our eye. joining me is lesley batchelor, international trade expert and chief executive of export boot camps. we mentioned this earlier, ryanair and the advertising standards authority. it has fallen foul by claiming it is a low emissions airline? yes. i read this with interest because they were ranking themselves against 27 of the top european airlines and i'm wondering whether this is a question of statistics meaning what we want them to mean and perhaps being a bit clever with them. there is no doubt that they are making huge inroads into low emissions and i think of all the airlines, they probably are the best one we have got in the uk. but it's difficult to say when these things happen. well, it d

alix: if you close a macy's store, it is not like that person finds another macy's or goes online to get the product. they just go next door to the next distort and that is the broader issue when they're also trying to boost their e-commerce. fundamental purpose of department stores is to give people variety. you can look at a bunch of different options. now you can do that from the comfort of your home. they have to offer something else. they have to get people excited. they are talking about private label brands. they want to build up four $1 billion brands. that is not easy to do. target is farther down the path and macy's is. even target not that great holiday sales traffic. they seem to be losing share to amazon. i do not know anybody has found a solution to convince people you need to stick with these brick-and-mortar outlets. michael: i have not looked, but i imagine this is not good for the shopping center read because macy's is the anchor and a lot of shopping malls. brooke: they are talking about doing creative things with their real estate, saying maybe they can sell their

macy's did see a strong holiday season. home depot rebounding. joining us to break it down is stacey widlitz, s w retail advisors president. thanks for joining. macy's seems solid but the stock is down. what is your take away? stacey: macy's had an investor day, and the comp was expected. no big surprises here. i think the issue is macy's is shrinking to thrive and survive, whereas other retailers are investing in their stores to thrive and survive, like a target. the department store space continues to lose traffic. clothing stores is what we will hear more and more about over the next few years laura: when i look at the retail index, macy's has been the underperformers. the top performers on the online sales, the ones that capture there. are they doing anything to combat the bricks and mortar structural declines or is there anything they can do to potentially boost their performance? stacey: they are, and they are investing in their growth 150 stores, the top-performing stores. the question is what does the store base look like if they close 20

strong holiday sales, macy's, stock not moving much, of 12 sent at 78.78%. 15 bucks a share on macy's. shortly we have an analyst on the show this is macy's is rearranging their chairs on the titanic. this analyst does not like macy's buried overall look at futures, were looking for the rebound were not seen much of her rebound, the dow up maybe a hundred at the opening bell. president trump on the world stage joining his world crowd, but the media is obsessing over what he's been eating on his tour. crazy headlines to show you. bernie sanders on how he plans to pay for ambitious politics in a medicare for all green new deal et cetera, et cetera, et cetera. will be digging deep into your pockets to pay for it all. we have details. and the knives will be out for bringing the debate tonight. what about mike bloomberg, can he recover from his first debate debacle. we are following at all. more burning afte varney after s al look, this isn't my first rodeo... and let me tell you something, i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, t

macy's plans to close 125 stores or a fifth of the total and layoff 2,000 workers over the them. three years. the department store chain is struggling after a disappointing holiday season. macy's will shut the second headquarters in cincinnati and move operations to new york and closing offices in san francisco and ohio and a customer service center in arizona. >>> and disney now has more than 28 million subscribers for disney plus worldwide as of this week. still trailing next by a big margin but disney plus only launched in november and has yet to to be rolled out everywhere. bob iger said half came through direct sign ups and others through deals like verizon or apple or roku. iger said many free trials it turning into paid subscriptions and customers are sticking with disney plus instead of canceling. marcus and laura, back to you. >> i forget and it rolls over. >> that is what they're planning on. more baby yoda for you. thanks, huh rell. >>> coming up on "today in the bay," meteorologist kari hall tracking our midday forecast. >> we're looking at 4:43 a live view in san jos

the move comes as macy's plans on closing 125 stores over the next three years as it tries improving its online presence. macy's will move its tech operations to atlanta and new york. >> still to come, getting rid of graffiti. the penalties people in the south bay may soon face if they don't clean up their property. >> this blew us away. >> this video of a coyote and a badger going viral. it shows something never seen before in the bay area wilderness. >> and after that cold start, high pressure is going to warm it up. we'll let you know how much hotter it will get this week. a look at our rain outlook. i'll have that in about 7 minutes. >>> over the last 24 hours, technology took center stage in the iowa caucuses, but not for the right reasons. an app meant to speed things up slowed everything down. now some are asking if today's technology is capable of helping the election process. let's bring in business reporter scott budman. scott. >> janelle, the idea of streamlining voting has been -- for years. when iowa used an app, things did not go well. now people are rethinking their ap

vonnie: macy's was down today. the upshot is that people really do not want to go to department stores. i home depot is fine. they do need stuff to renovate their homes. >> that is exactly at. the housing market is buoyant so home depot benefits. in this age of new retail where we are online, macy's is trying to adjust, but it has not been able to as fast as some of the others. vonnie: i think the debt verging diverginges -- the performances tell the story as well. seven democratic candidates meet for the next debate. for more ahead, we are joined by kevin cirilli. what should we be expecting? >> this is the first debate since bernie sanders won the nevada caucus. to seize upon that momentum. we should note that senator sanders says if he does not get the delegates needed to clinch gets aination, if he plurality, he feels that would be enough for him to say he is the nominee. biden,mer vice president he is digging in. he says he will be bolstered by african-american support and he helps that will fuel him for super

begin testing a new smaller store format this week called market by macy's. it will be freestanding locations and set up inside malls. that you're cbs money watch report. for more head to cbsmoneywatch.com. at the new york stock exchange, i'm diane king hall. >>> happening today we are honoring those who work hard to accurately forecast and report the always changing and often unpredictable weather. today is national weather person day. >> in honor of all people in the field of meteorology, weather forecasting and outcast meteorology, including volunteer storm spotters and observers. so, congratulations. i will give you a hug since the store day. >> i would give you a hug but i am over here but we should have a potluck in honor of you. >> we should have done it today. >> i love you guys. thank you so much and good to have you back. we missed you so much. >> i miss you guys. >> it like forever. >> how was miami? >> it was great. >> but, no tan? >> no tan. it was great. it's good to be back though. >> let's talk about our weather. we are looking at a cold start

retiled giant macy's is closing 1245 stores over the next 3 years more than 2000 people will lose their jobs macy's is dealing with online competition like hours and shoppers changing behavior classic department stores are seeing their customers flock to fry's stores for discounts on big brother. like a ford has earned just $47.00 a 1000000 dollars last year that's a staggering and 99 percent decline on the previous year when it turned a profit of $3700000000.00 the comic a blame the fall on higher warranty costs lower cost sales and big pension expenses . the main street executive job is a face the environmental protest inside and outside the group's annual shareholder meeting on wednesday he said the complaints are grotesque that writes about siemens supplying signalling equipment for rail line in australia that line well connected massive new open cost coal mine to the coast activists demand the company must not deal with fossil fuel companies anymore as coal and all seen as drive as of climate change. as demonstrators joined hands outside the munich venue to protest siemens environm

on top of that, macy's will also close its cincinnati headquarters and tech offices in san francisco, cutting about 2,000 corporate jobs. macy's says it plans to focus on opening smaller stores in strip malls where more people are shopping. more than 100 macy's locations have closed since 2015. ebay could soon have a new owner in continental exchange. the owner of the new york stock exchange is interested in taking over. it could value the company at a more than $30 billion. the journal says i.c.e. has approached the online marketplace about a deal in the past. it added that i.c.e. is mainly interested in owning ebay's core marketplace units. amazon is revealing more about the future of deliver youly vehicles. back in september, amazon ordered 100,000 electric vans from a michigan based plant. in a blog yesterday, amazon gave a behind the scenes look at the production process. amazon says the goal is to build the most sustainable transportation fleet in the world and the first wave will hit the road sometime next year. from electric to self-driving cars, cadillac yesterday unveiling i

macy's has 800 stores >> going down to 400. this is a company like many big department tore chains that's been suffering from dual challenges. first from some of the big boxes like a walmart or t.j. maxx or target who has been better on pricing. then the advent of online shopping and amazon. startling to look at one particular graphic i saw also the stock price of macy's over the last five years versus the stock price of amazon, macy's down by 74% over the last five years. amazon up by 437%. that's pretty startling. >> can they stay in business? will they stay in business? >> i think this will be an interesting pivot. the ceo came on board a few years ago is really focusing on what are our bestes let's close these massive stores, some of which are in malls where people aren't going any more, focus on the high performing stores but they are adding a couple of things. they have a lower end brand that they are bringing on and actually opening new stores. they are going to try something else. smaller stores. about a tenth of the si

. >> and big changes for macy's. the closures that will impact macy's offices in san francisco. tom: my mom always told me actions speak louder than words. she was a school teacher. my dad joined the navy and helped prosecute the nazis in nuremberg. their values are why i walked away from my business, took the giving pledge to give my money to good causes, and why i spent the last ten years fighting corporate insiders who put profits over people. i'm tom steyer, and i approve this message. because, right now, america needs more than words. we need action. while the middle-class continues to struggle. that's what happens when billionaires are able to control the political system. our campaign is funded by the working people of this country, and those are the people that i will represent. no more tax breaks for billionaires. we are going to guarantee health care to all people and create up to 20 million good paying jobs to save this planet. i'm bernie sanders and i approve this message because we need an economy that works for all of us, not just wealthy campaign contributors. >>>

less so for macy's. its failure to turn around. downgraded to junk status. big namessome other being downgraded to junk. a result. shery: we could be seeing some good news on the virus front. we are looking at the rate of infection snow falling. china reporting the lowest number of new cases since announcing a change in the accounting methodology. you can see the pop in the green this month, when the method was changed. now the rate of infections falling, and the death toll also starting to fall every day in china. still, concerns remain about the impact of the virus. i spoke with a chairman of the how hard itmerce -- is to navigate new policies in the country. >> incredibly difficult. because the regulations came into place very suddenly. they are all in reaction to the crisis that we face. as such, they were put together quickly, maybe not completely thought through as to what the ramifications of every decision would be. latestapple now the company to mourn about the impact of the virus, putting out a statement saying that work is starting to resume aroun

macy also bought blue mercury, which also has been expanding its physical floor print. >> macy's not over yet i never bought the decline there. >>> alcohol is spreading everywhere these days. the gucci versions of seltzer in particular you have seen stealing market shares from light beers and wine even, all of these other categories it's more than a half billion dollar sales category now. and millennials and genz ers reaching for healthier options even suggesting hard oatmeal can be hitting the schett vs in the near future. it seems it's not the alcohol quotient per se but the ingredients you're drinking and imbibe it in different forms i guess? >> i guess the lines are blurring and you have reports are drinking less in general going back to the health focus thing. i think stuff like cannabis is falling into this category too which is why you're seeing spirit makers partner up with strategic partnerships and acquisitions as well. >> what does it mean for the traditional food and beverage companies that alcohol is spreading? there's some sort of delineation that no longer matters i'm

sears is close, and now macy. >> i'm sad. so sad. i used to shop here when i was younger and it makes me sad. >> the any of macy's will close sometime in march but 70 people work at this location and hope they will be transferred to another store. meanwhile sophora announces largest expansion ever. the company says it will open 100 new stores across 75 cities in north america this year. once the expansion is complete there will be 600 locations in north america. their u.s. headquarters is located in san francisco. >>> as you noticed by now michelle is back. she was in miami covering the super bowl. >> thank you. it was a great time covering the super bowl. we have long days but, i mean, we were in miami. how can you complain. i did bring some pictures back this is me in little havana. this is in front of her sales. they have good cuban food and we were working about 15, 16 hour days so we cannot sleep any time we could and that is vern sleeping in the back of a uber there i think it was a uber. i had to catch that one. we were at a 4

. >> moving to the big retail story and courtney please we beg stick around macy's dage a deep dive after the credit rating turned to junk the records may come up short. down 35% on the year karen finerman, the market cap is now under $5 billion. any reason to own ms. acy's. >> i don't own it that might be the reason there is a disconnect. they don't have a debt problem in the near-term what's astounding and has been for a while is this is a company that bay pays a dividend of 9 plus that is a giant disconnect i mean maybe they should cut the dividend buy back their own debt i don't -- >> we just talked to the ceo of macy's i asked that question are you going to keep the dividend and he said yes they are keeping the dividend not cutting there is no change to the strategy and talking about the bigger shift on the polaris strategy which s&p says might be the right thing but it's in a tough sector and that seems to be a bigger reason for the downgrade but not the debt but i agree it's confusing what's going on. >> look at the debt, the debt looks to be about $5 billion and the market cap and

. >> from macy's, in fact, hitting the wires right now and courtney reagan joins us with the numbers. >> so this was a beat here for macy's with adjusted earnings of 2:12 better than expected 8.337 billion better than the 8.318 billion. comparable sales this is the business that came in down 0.5% but that was better than what was expected which was 0.9% of the drop macy's also reiterating it's annual sales and earnings guidance for physical to 20. you'll probably remember they held an investor day the launch of a new format called market by macy's and it's concept backstage currently in a number of stores also by 2021 the top 250 stores will represent nearly 80% of sales. a week ago we should note s&p did cut the debt rating to junk status on doubts about the new polaris strategy i spoke briefly to the ceo and he says the first quarter of this year will expectedly be our worst performing quarter of the four because the polaris strategy savings don't get traction until the second quarter goes through the year and regarding coronavirus it's not into guidance. there's some slow down into

>>for your money this morning billions will be spent on valentine's day for pets and macy's is closing. >>it's a headquarters and a lot of stores. jane king is live at the nasdaq with those stories and more i jane. >>yesterday a huge announcement from macy's yesterday so it's laying off or relocating hundreds of workers with this decision to shutter its technology office in san francisco's is part of a major reorganization by the company. it will close that office of folsom street relocate the digital operations to either new york city where lanta macy's will also close a 125 stores and leave the also it's a 5th of its locations. well the wall street journal says the store in antioch is among those to be closed. state has filed the palace that enhanced guess ability to use virtual or augmented reality to become various disney characters that technology can also be used to display indoor venues like a or concert hall and others may show outdoor venues like a theme park or resort property. one in 4 renters now spends more than half of their income on housing. a new study by the joint cen

. >> macy's presented a $1 million prize today to kathy ireland. >> she joined us afterward on midday live. >> there are 37 million people with hiv aids and 16 million of them do not have access to the treatments of the and we don't have a cure. there is much work to be done. this check is greatly appreciated. >> the funds were raised through macy's thanks for sharing campaign. >> she was so gracious. she really wants to continue that legacy. she mentored her. >> and she's using it for good purpose. worl steyer: wall street banks took of millions of americans during the recession. so, my wife kat and i took action. we started a non-profit community bank with a simple theory- give people a fair deal and real economic power. invest in the community. in businesses owned by women and people of color. in affordable housing. the difference between words and actions matters. that's a lesson politicians in washington could use right now. i'm tom steyer, and i approve this message. like getting the best evewifi experiencein. with wall-to-wall coverage-there's a win. plus, added protection for

. >>> macy's plans to test out closing stores. about 30 are in the process of shutting down. 2,000 corporate jobs are being eliminated as well. besides the fran office, two offices in ohio are also closing. that leaves new york city as macy's headquarters. >>> on to consumer news, is it a bad idea to keep your car running while waiting? >> michael finney is here with that and more. >> it's been cold the last couple days. you may have kept your car running in order to stay warm. or perhaps you've let your car idle while you're waiting for your child after school. >> by switching off your car and not idling, you are making a contribution to reducing greenhouse gases. that's really important of it is something each of us can do. >> 29 states and the district of columbia all have laws regulating idling. for good reason. it not only is linked to global warping, it is linked to asthma, decreased lung function, cardiac disease and cancer. one minute of idling puts more carbon monoxide into the air than three packs of cigarettes. there is

tres aÑos fue el tiempo que se fijÓ la cadena de almacenes macy's para estabilizar sus y us estrategias para lograrlo es cerrar algunos establecimientos lo primero serÁn las oficinas centrales en sicincinnati, lueg cerrarÁn 125 tiendas tambiÉn recorte de personal 2000 empleados como consecuencia de la baja de ventas de macy's en la temporada de vacaciones y tambiÉn por el aumento de las ventas por internet. vamos a hacer una en breve pausa pero al regresar en noticias telemundo mediodÍa: u rÍa pan se viste de luto por el asesinato de 9 personas 4 de ellas menores de edad. >> ayuda es lo que suplica una mujer al sur de los Ángeles luego que su hija fue atacada por cuatro compaÑeras del colegio. >> tres perros atemorizan una comunidad de nueva jersey comunidad de nueva jersey durante 4 meses, en minutos les en t-mobile, arranca el 2020 con una oferta en el iphone 11 que te hará ver doble. ahora mismo, cámbiate a t-mobile todo en la señal más nueva y poderosa de t-mobile, que va más lejos que nunca. llévate una oferta el doble de buena con dos líneas en un plan ilimitado por

they have macy's backstage. they will be expanding those stores, they will be opening up 50 new stores within macy's department stores. they will also be opening a few individual ones. this means their margins will be a little bit smaller but could help grow in terms of for the company's sales that they are still expecting 2020 to be weaker. you can see the share price. investors like it because they will be cutting off employees, roughly 2,000 corporate employees, and closing their cincinnati headquarters, moving everyone to new york. back to you guys. stuart: big changes. i got to say. $17 a share on macy's. all right. thank you, kristina. snap adds users but revenue falls short. i have no idea what that means. shah gilani, would you ever buy that stock? >> no, stuart. i actually have a price target on this between $14 and $16. the ipo was $17. we saw it finally got above that recently, and that was on a huge run from last year. i think it was certainly overdone. the numbers are not compelling. in terms of ad

macy's will also be closing 125 stores over the next three years. the company says all 20 stores in the bay area will remain open including their flagship store in the bay area and union square. like many department stores, macy's has seen a drop in sales as they struggle to keep up with online competitors. >>> the transamerica pyramid building in san francisco has been sold for the first time. bloomberg news is reporting that a new york city developer has made a deal to buy the building for $700 million. the transamerica pyramid building first opened in 1972 and has become a famous part of the san francisco skyline. in fact it was the city's tallest building until the sales force tower was completed two years ago. despite the transaction, the transamerica pyramid building will retain its name. >>> a coyote and badger scurried together beneath the bay area video is delighting wildlife researchers. >>> later in sports, blockbuster trade in baseball, plus the giants sign a free agent. >>> up next, a mother's persistence in the unsolved killing of her

macy's up this morning, take a look. the stocks of both companies are up, macy's touting strong holiday sales as well as better than expected numbers for its quarrel live report as well. yesterday, tough day for markets. the dow industrials down better than 3% on the session. 1,031 points lower on the dow in a day on the coronavirus fears and how the impact would hit the economy here. nasdaq was down 355 points, almost 4%, s&p down 111, down 3 and a third percent. european indices look like this, a negative situation across the board. cac is down 20, dax lower by 44. asia, mixed markets, japan and china were lower as you can see there, but hong kong and korea were up. the kospi index in korea up better than 1% overnight. the spread of coronavirus causing concern about global demand. that is why oil has been dropping, it dropped yesterday certainly although coming back slightly today. joining us now, phil flynn, talking about oil. was that an overreaction? >> ic i i think it was an overreaction. there's no doubt we've see

macy's presented a $1 million check to the foundation ambassador and donor kathy ireland yesterday. the supermodel, actress, entrepreneur and author joined us afterwards on midday live. >> there are 37 million people with hiv/aids and 16 million of those do not have access to the treatments and we don't have a cure. so there's much work to be done. this check is greatly appreciated. >> those funds were raised through macy's thanks for sharing campaign. >>> coming up next, as coronavirus worries mount, how bay area public transit is preparing. >>> they refused to pay rent for months now it may pay off for some oakland tentenants. >>> and a major development on this man attacked collecting recyclables in san francisco. i work hard and i want my money to work hard too. so i use my freedom unlimited card. even when i'm spending, i'm earning 1.5% cash back on everything i buy. (shouting) earning on headphones! huh? earning. earning. still earning. always earning. i don't know where you're pointing. not that one! the big one. you can't sneak a good earning opportunity past me. in fact...

why he says you should not be buying the dip. >> and former macy's ceo terry lund gren is here to talk. >>> joining us, investment strategist and josh brown still with us. mike, start with you a little bit of an extra sell-off into the close and, as we said, just one sector positive so quite a set of weak attempts to bounce by the end of the session. >> it was a pretty unpersuasive rally. i think you can make the case that things are lining up on a tactical basis we're oversold and did a lot of heavy selling in a concentrated amount of time usually that means some kind of a bounce, only if due to market mechanics. we're very gun shy about the headlines right now. you saw the way it's reaccounted to incremental news. it's hard to make the case that we've built up a resistance to the news. >> i understand how you can say it's oversold and look at the internals and technicals i don't understand how you can price anything in with a giant uncertainty out there, like what this virus is going to look like in the united states. >> you can't in a very tangible way. but after 9/11 the narcotic b

macy's was 0-dollar just five years ago. it is 17-dollar stock, basically the where it was in the late 1990s. they're fighting for survival, medical list not literally what is fashion but existence itself. it will not exist as it does now in the next three or four years. melissa: the malls when they go out of business if they don't turn into giant white elegant, they become a destination for families, whether trampoline park. if you go some somewhere for entertainment if you buy stuff it will be online. >> yes. malls entaintment for medical uses but they're not used for large format department stores as they have been for the better part of the last 50 years in america. melissa: jonathan, thank you. connell: go to oil for a moment. oil settled up more than 2% in the session. snapped a five-day losing streak in the process. phil flynn joins us from chicago with details. i guess we stopped the bleeding for the oil traders today, phil? >> we did. it was kind of a big mood changer today. we got a report perhaps we'll look beyond

macy's. i think that dividend yield is very much intact unless, of course, the stock rallies. no question they will pay that dividend the other thing, before we were talking about coronavirus, we were talking about esg and bernie will throw these guys in jail from a flow perspective, this has been a major headwind. i would feel comfortable owning at these levels. >> interests exxon mobil i get the 7% dividend, dividends are increasing for the wrong reason. you can give up 7% on the day. i'm with tim on that one and you haven't seen the hit and the three letters we didn't mention is a huge existential risk and we talked about that if you're looking for a trade, and we talked about this in the fall, $30 was a huge double bottom we said it would rally from there. rallied 30% in a couple weeks. how do you trade that stock? close at 28.40 today. >> budgets are coming down the oil ceos, we're going to talk to a bunch of them in a week and a half. exxon mobil, call in let's talk about technology. tech stocks more than 20%, guy, off their highs. a big name, cisco systems. twitter is d

analysts have suggested one of the biggest winners from macy 'decline has been target target has vastly -- does walmart need to do something to catch up with target or can they both continue to win there? >> i think wall marked has, or maybe softer on the general merchandise on the apparel side. conversely target isn't as focused on grocery, but has done a strong job with apparel. >> and grocery is so important for walmart, still over i think half the sales do they need to focus on delivery there or can they continue to say that's what will get people into the stores -- you know, that's a benefit? >> clearly one of the biggest success stories for walmart has grocery pickup consumers love the convenience it's gotten not only the existing -- incremental is this idea you can in and out get generality merchandise items when you pick up your groceries, so it's going to have that consumer start to shop other parts of the store as well what do you think the effect of the coronavirus could be on either of those stores' able to source product >> i think it's a kernel for everyone in the retail f

a smaller than an average macy's sto store. the company is making changes to stabilize profitability and allow for future growth. >>> transamerica pyramid has been sewed fold for the first t its history. a new york developer and his group are buying the building for 700 million. the sale includes two buildings next to the pyramid. the name of the building will not change. transamerica corporation will retain naming rights. >>> we have more chances to take in the san francisco skyline from the tallest building in the city. >> in an email, sales force says they will open up tours for this month and next. the public tours are free but you have to register online. >> what time? that's what we need to find out. it will fill up quickly. >> it will. i still haven't been up. >>> new at 6:00, an effort to make bay area streets safer for everyone. the east bay city that could make a busy road car free. >>> and coronavirus evacuees from china are in solano county. we're live at travis air force base with the efforts to keep them healthy.

unfortunately macy's didn't take the hint then. it is one of those brands doesn't really have a reason for being. it is not a value retailer. it is not something special you can't get anywhere else. so i think it is smart they're going in the experiences direction. that being said, they're talking about booedty, hair care, cafe, it doesn't seem to have a clear value proposition. i'm not sure this is the right experience but i certainly think macy's needs to do something and experiences is the right way to do it. melissa: last but not leesburger king defending itself in a class-action lawsuit that says that the impossible whoppers are contaminated by meat. the fast-food chain said they never promised the plant-based burgers were vegan. the customers should have known, if they had done the smallest amount of investigation. i love this. i think the whole impossible thing is kind of ridiculous. i mean, there is meat all around it. now we're saying we never said it was vegan. >> the name is called burger king. there is no investigation

macy's says we have to talk about it. we are worried about corona. they're retiring it through a fabulous run he took a company from 26 billion to 300 billion plus. he's retiring. they had those cut numbers. i think he did it at the right time, let the next fellow come in with the number cut, not that bad, but the stock does slow 2%, 3%. the fact that the stock is not down worse, the fact that the business is so great. mr. miebach has been there for a long time. should be a smooth transition. >> he ain't going anywhere. >> and then he's exec chair for a while. >> people that want to sell that stock, go ahead. i think it's dumb. >> these are just money making machines. >> oh, what a -- >> look at ten years on both of them. the only question i have -- it's not hard to run these businesses. i don't know they just need to print money. >> that's not fair. >> well, he's had three ceos and it never lets up >> they've had great managers. but it's unbelievable. if you look at the long term. look at that chart since he came in. this was a medium-sized company

this is like macy's rolling out new cash registers on black friday. usually what election officials want to do, in the smaller contests where there is not a lot of turnout, you pilot new technology. romaine: there is a bigger issue here. to, or atrt of gone least tried to move the country towards electronic balloting. a lot of states have gotten pushback, whether the integrity of footing machines or breakdowns. is this sense to kind of digitize everything kind of working against us for something that is so important like our vote? have some want to sort of paper back up, paper record. if they were actually casting votes on this app, that would have been a disaster. the second thing, we want paper backups. most states have been moving away from purely electronic. we want to have resiliency. we want to make sure that if systems fail, there is a backup. they did have a hotline but it was really not meant for a total systemwide failure. waitingcourse, we are for that press conference from the iowa democratic party. i want to bring back anna inerton from b

wildly different home depot and macy's. the stock of home depot has exhibited what i consider to be a disturbing pattern here. it runs into the quarter with investors betting on a fabulous number then when -- home depot almost always come into too hot it is doing the exact same thing this time which is why i think it's too late to buy ahead of the quarter. macy's is the opposite the chain's merely a shadow of its former self. the bonds were just downgraded to junk. that list of troubled locations never seems to grow any shorter , does it? macy's needs to show something good, some growth, or i predict more debt downgrades and a stock that can't even hold the 15 level. salesforce, this is a stock finally reflecting the company's incredible growth prospects after a period of hesitation and concern that it is just doing its growth by acquisition. we own sales trust by my travel trust. and we juactually trimmed some. bulls make money bears make money and hogs hogs get slaughtered when you have interest rates this low, there are

coming up macy's radical move. >>> and after san francisco moved of going car free a city in alameda county was huge tax breaks for the rich, while the middle-class continues to struggle. that's what happens when billionaires are able to control the political system. our campaign is funded by the working people of this country, and those are the people that i will represent. no more tax breaks for billionaires. we are going to guarantee health care to all people and create up to 20 million good paying jobs to save this planet. i'm bernie sanders and i approve this message because we need an economy that works for all of us, not just wealthy campaign contributors. >>> happy wednesday to you. a beautiful live look and looking at 44 degrees right now. it is chillier in many locations down to the 30s people will talk more about that and what you can expect in your neighborhood coming up. >>> right now your drive times are busy out of the altamonte pass. break lights working your way into the livermore valley. it looks like everything else is in the yellow. busy on the shore freeway. high

interesting share price reaction there on macy's. i was going back and forth with jan nippon who follows retail and he said this is great news they are preserving the cash flow, preserving the dividend which is very high and cutting a significant amount of costs. on the flip side doesn't look like department stores are coming back any time soon and the pain continues and they'll try to right size their business accordingly. >> talking to the journal yesterday, said that there remains a place to go shop where there are multiple brands. >> they have to convince people of that. customers and investors. i think that's going to be the key. >> you don't believe it? >> i mean, if you look at the traffic and the numbers, they haven't been good. if you look -- you pull the wholesale numbers out of a company like nike or ralph lauren yesterday, it's in decline. it's all about direct to consumer right now and online. these guys just have not wholly figured it out yet >> do you have any expectations for donahoe at nike in terms of how he moves t

, plus streaming ahead, plus revealing 28.6 million paid subscribers, what it means for netflix and macy's closing 125 stores, the retailer cutting 2,000 jobs in the process. plus this financial infidelity, people are hiding their spending from their spouses, the startling numbers coming up, are you one of them, mornings with maria is live right now. ♪ ♪ maria: our top story right now, state of the union address, president trump delivering his final state of the union of his first term last night and right at the start party divisions were very clear, the president not shaking house speaker nancy pelosi's hand before he began the speech and at the conclusion pelosi ripping up her copy of the president's speech in front of cameras. right there. the president's speech touted economic strength and the state of the country right now including heart-warming moments. >> jobs are booming, incomes are soaring, poverty is plummeting, crime is falling, i am thrilled to report to you tonight that the economy is the best it has ever been, our military is completely rebuilt with its power being unm