J.C. Penney Will Cut 2,000 Jobs; Oscar Nominations
CUOMO: Money time. Chief business correspondent Christine Romans is in our money center. Christine, let me ask you something. What is that jumping bar set that's behind you right now? What is it that's flying? I mean, do we know or it's just money moving in general?</s>CHRISTINE ROMANS, CNN CHIEF BUSINESS CORRESPONDENT: It's the visualization of prosperity, Chris Cuomo. That's what it is.</s>CUOMO: Strong answer. Christine Romans, everybody.</s>ROMANS: Listen, I shall educate you. Look, we've got Dow futures lower this morning. But it might just be a breather. You know, the Dow gained 108 points Wednesday to force the highest close ever. The NASDAQ also gained, the S&P; 500. Actually, barely managed a record high. JCPenney stock lower. The pre-market guys, ailing retailer is going to cut 2,000 jobs. It's going to close 33 of what it calls underperforming stores. This has been a brutal year for JCPenney. The stock is down more than 60 percent over the past year. This company has been losing hundreds of millions of dollars every single quarter in a restructuring that went very, very bad. And Yahoo's number two is out. Henrique de Castro is going to leave with a severance package that could be worth $42 mil. And that's for a little more than a year on the job. De Castro was Marissa Mayer's first big higher when she became the CEO of Yahoo. But "The Wall Street Journal" says Mayer decided that Castro needed to go because he didn't deliver the ad growth she needs -- Kate.</s>BOLDUAN: Christine, thank you so much. Talking about -- let's talk about gold. From money time to Oscar gold. The road to Oscar gold starts this morning, pardon me. In just two hours, the nominations for the 86th Academy Awards will be announced, which films are poised to surprise and what stars are about to disappointed. CNN's Nischelle Turner is up, dark and early in Los Angeles with the preview. I love -- I know you love this time of year. You call it the Super Bowl, but, man, you pull some tough hours, Nischelle.</s>NISCHELLE TURNER, CNN ENTERTAINMENT CORRESPONDENT: You know, it does get kind of bad (ph) sometimes, but this is the big morning, Kate. So, I can't complain. So, you look good standing in front of those gold statutes.</s>BOLDUAN: Thank you very much. It's my dream for the future. Let's talk about the Oscars though. What do you -- the best picture is I would say one of my favorite categories. And I would argue this year, it is very tough to whittle down to the nominees, because there are a lot of great pictures. What do you expect?</s>TURNER: Yes, it's definitely been a good year for movies. You are exactly correct. It's a tough year to pick. But he good thing about the academy is they get to pick now anywhere between five and 10 movies. So, they can say you know, interest were ten -- there were ten really great movies. I do think there's a couple we can see almost locks, almost shoo-ins this morning. I don't want to be the jinx, but I really think these movies will be nominated. I'm talking "12 Years A Slave," I'm talking "American Hustle," and I'm talking "Gravity." Pretty much safe bet you will see them this morning. Now, there are a couple that could be in the running this morning. That is Lee Daniel's "The Butler" and also "Blue Jasmine." They're kind of outside chances for those movies to be nominated this morning. I say Lee Daniel's "The Butler" is kind of a wild card because it was shut out of the Golden Globes. It was nominated for several screen actors guild awards. It's been a critical darling, but it kind of the buzz for it fell off the radar a little bit. So, we'll see what happens this morning.</s>BOLDUAN: Let's take through the acting categories. What about best actress? Who do you think will be the safe best for nominees?</s>TURNER: Well, you know, this category for me, I think, is pretty straightforward. There could be a couple wild cards, but I do think there's some women definitely nominated this morning. Those women are Cate Blanchett, Emma Thompson. I also think that Amy Adams for "American Hustle", Meryl Streep and Sandra Bullock will all be nominated. A wild card in this category, Kate, could be Julia Louis-Dreyfus for "Enough Said". People really started to really talk about her character in this film. She got a lot of buzz. She got a Golden Globe nomination. So we may see her sneak in and knock somebody out this morning.</s>BOLDUAN: Yes, she was great. She came on the show and talked about the film. It was tough, the challenge of that character, because it was very conflicted, kind of complex character to play in that movie. What about best actor do you think?</s>TURNER: Well, this is the category that I think is just who knows what's going to happen because there were so many strong performances by the men this year. I know we don't have a lot of time. But here's what I want to say, I think there are a couple of locks for this one this morning. Matthew McConaughey will get a nomination for "Dallas Buyers Club," Chiwetel Ejiofor will get a nomination, Leonardo DiCaprio will get a nomination and Bruce Dern will get a nomination. I believe that to my core. There's a lot of wild cards here. There's a couple -- Robert Redford on the bubble. People either thought that movie was brilliant, or they just didn't get. Forrest Whitaker had a lot of buzz early, kind of slipped off the radar, could come back this morning. We also could see Tom Hanks, we could see Christian Bale and we could see Joaquin Phoenix nominated this morning. I'm so excited. I hope I wasn't talking too fast.</s>BOLDUAN: You were not talking too fast. We talk it all in. And I'm excited with you. It's going to be fun. I think supporting actor and actress will be an interesting category as well. But we're going to talk about it later in the show. Michelle is here to walk us through and help us take it all in at 8:30 Eastern. We're going to have live coverage from Los Angeles of the Oscar nominations. Michelle will be inside the room as the nominees are being called. Chris?</s>CUOMO: Coming up on NEW DAY, the real reason everybody watches the Super Bowl, the ads. These days, you don't even have to wait for the game. Companies are releasing them early to create a buzz. Is this a new strategy to get those expensive ads to actually work? And boy you're going to love this. Passengers on a New York City bus got a treat. A live performance from a macadocious music-making duo. We'll show you who in our must-see moment, coming up. Here's a hint, change the game, don't let the game change you.