YOUR MONEY With Mark: Today Could Decide the Future of Sears, Kmart

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Today is an important day for Sears Holdings, its Sears/Kmart stores and thousands of its employees.

A bankruptcy auction is being held today to determine if a $5 billion bid from the Chairman of Sears to buyout the company is going to be approved.

On Monday, January 14th during Good Morning Quad Cities, Investment Advisor Mark Grywacheski talked about why that bid may not be good enough:

"This is the only bid that’s been received to save the company, but the creditors are against this bid." he explained. "They believe they could recover more of their money if the company is liquidated and scrapped."

Click the video above to see how many people will be impacted by today's decision, as well as Mark's analysis of the December employment report and an update on trade talks between the United States and China.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.