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Our road map begins with the retail surprise. Best buy, sears, Williams Sonoma, all with earnings beat. Shares of best buy are surging. And Mickey Drexler is explaining how the j crew market missed the tech revolution. The s p is on track for another fresh record close. Opec agrees on the cut extension and oil is down. A lot of news on the retail front. Best buy is up, helped by an unexpected increase in u. S. Comps. Williams sonoma is out with better than expected guidance and earnings beat and then sears coming in above forecast. Although sales continue to slump. Its not often, jim, an 11. 9 decline in comp is actually above expectations. Yeah. Look, sears is a big short squeeze whenever it goes up and people realize well, wait a second. Even when they keep selling Closing Stores the existing stores have bad numbers. ....
Investments, as well great to have you all here get to you in a second but i want to start with you, lee, if i could. Why are you speaking out its a good question. I dont have any dog in this fight. I retired from the board five years ago. I made a mistake i gave all my stock to charity i should have given cash, because the stock has almost tripled in the five years that im off the board. But i feel and i have, like i said, in dog in the fight. And i know and respect bill ackman so its difficult for me but notwithstanding, i consider his behavior to be, in this instance, somewhere between foolish, inappropriate, and irresponsible. And i feel its my job to speak out and speak my view. What was your reaction, though, when you sort of first found out that he was i was somewhat incredulous. Let me explain, basically. Ben graham wrote a book, i think in the mid50s called the Intelligent Investor and he pottsized in that book that ....
Oh, downstairs stage . Im freaking pou. Jane is with us. One time i invited jane to cohost, kathie lee was out. Can you host with me . I cant. Busy. Have rehearsal. I said, okay. What did you think i was asking . Sow a soul cycle class. Thats how we first met. I cant realize you were offering me a cohost position for the day. A cheers. Thank you for coming on this friday. Whats happening . I just came to say hi. [ laughter ] we are on television. Right, everybody . Allegedly. Im going on vacation and i want to say, Merry Christmas oh, Merry Christmas. Hi, and we stole your cohost. I know. I saw your wine. Drink up. Nice talking to you. Tamron hall, everybody the cutest see what just happened . Little caper ive ever seen. We never know whos dropping by, jane. That sexy underwear everything tamron wears is sexy. Doesnt matter. You know who is here himself . Santa is here. Whe ....