in the uk at the moment, nike _ versus adidas. in the uk at the moment, nike is _ versus adidas. versus adidas. in the uk at the moment, nike is at the - versus adidas. in the uk at the moment, nike is at the centre | versus adidas. in the uk at the i moment, nike is at the centre of versus adidas. in the uk at the - moment, nike is at the centre of a controversy over rebranding the cross of st george on the england football kit. cross of st george on the england football kit-— football kit. yeah, ultimately this is a really interesting _ football kit. yeah, ultimately this is a really interesting case - football kit. yeah, ultimately this. is a really interesting case because football is a force for good and unity. uk football fans a 14% more likely to agree that sport brings people from different backgrounds together. the campaign, men's, women's, para— teams, it is this idea. we have also seen massive tribalism about football in the uk. more people follow football than believe everyone should have equal rights. there has been 11% year—on—year increase in football fans describi

, nike. >> nike, nike nike from from nike, nike. >> this nike, nike nike from from nike, nike. >> thisike from from nike, nike. >> this is a ike, nike nike from from nike, nike. >> this is a bigger> this is a bigger scandal. nike. this is a bigger scandal. this is biggest scandal in this is the biggest scandal in the colours. what do they have to say. >> the england 2024 home kit disrupts history with a modern take classic. the trim take on a classic. the trim on the cues the cuffs takes its cues from the cuffs takes its cues from the gear worn by the training gear worn by england's 1966 the training gear worn by england's1966 heroes, with a gradient blues and reds gradient of blues and reds topped with purple. the same colours feature an colours also feature an interpretation the flag, an interpretation of the flag, an interpretation of the flag, an interpretation of the flag of saint george on the back of the collar. it'sjust saint george on the back of the collar. it's just a bit of modern art, tom. nothing to worry about, just a bit of modern art. >>

nike is _ when you saw it? disgusted, to be honest. nike is an _ when you saw it?g? james, what do you think? i think it's _ update their own flag? james, what do you think? i think it's a - do you think? i think it's a representation _ do you think? i think it's a representation of - do you think? i think it's a representation of our i do you think? i think it's a | representation of our flag, do you think? i think it's a l representation of our flag, a stylistic— representation of our flag, a stylistic choice. i quite like it. listening _ stylistic choice. i quite like it. listening to the phone—in this nrorning. _ listening to the phone—in this nrorning. i_ listening to the phone—in this morning, i have never phoned in before _ morning, i have never phoned in before either like many others this nrorning _ before either like many others this morning. but i felt compelled to buy the shirt _ morning. but i felt compelled to buy the shirt i_ morning. but i felt compelled to buy the shirt. i don't think there is anything — the shirt. i don't think there is anything w

apologies, it's not nike, — done, and the fa. apologies, it's not nike, it's the fa.they agreed to this and — not nike, it's the fa. they agreed to this and they need a kick up the backside — to this and they need a kick up the backside i— to this and they need a kick up the backside. i have got to run, because i am on _ backside. i have got to run, because i am on a _ backside. i have got to run, because i am on a taxi — backside. i have got to run, because i am on a taxi fare. see you later. bye! _ i am on a taxi fare. see you later. b e! ., i am on a taxi fare. see you later. b e! . bye! high, i agree with the last caller. bye! high, i agree with the last when it's _ bye! high, i agree with the last caller. it's jess _ bye! high, i agree with the last caller. it's jess from _ bye! high, i agree with the last caller. it's jess from halifax. i i caller. it'sjess from halifax. i lived — caller. it'sjess from halifax. i lived in— caller. it'sjess from halifax. i lived in wales _ caller. it'sjess from halifax. i lived in wales for— caller. it'sjess from halifax. i lived

swoosh and how would the nike nikes lawyers like that?. so it's a lack of feeling of consultation, isn't there? of course, isn't there? and of course, that's the fa have that's because the fa have agreed to this. the fa of power statements the new statements supporting the new design nike fa design nike paid the nike fa worked together. so essentially it's a it's a matter of football governance . so it is political. governance. so it is political. >> it is very political. and the fly in the ointment is it's just been worn for the first time by the team, who won five one the youth team, who won five one away. this shirt was a lucky away. so this shirt was a lucky shirt . shirt. >> the lucky shirt morten morland it to you. >> the lucky shirt morten moht nd it to you. >> the lucky shirt morten moht might it to you. >> the lucky shirt morten moht might bet to you. >> the lucky shirt morten moht might be ato you. >> the lucky shirt morten moht might be a lucky. >> the lucky shirt morten moht might be a lucky shirt. >> it might be a lucky shirt

i think it's a full-fledged -- >> nike thing. >> it's a nike thing. it's a lulu thing. i think the competitors are really gaining ground on them. i think they're too big, too inefficient, and now they have competition. >> you wearing alo? >> i had to think about it. i am wearing vineyard vines pants i used to wear, 100% lulus, and now i'm wearing vineyard vines, and everyone has the same thing. much better than the lulus, smaller companies, it's a private company. >> i asked a question. didn't know what i was going to get. >> it's a lawyer, know the answer before you ask the question. when you look at hoka, everyone, they used to look like an orthopedic shoe. and now if you go around the street -- >> now it is normalized. >> and now they have colors, though, so you people using them -- when you see people using them, and i'm wearing them now, everyone wears them, and they have what's the other brand i should notice, the slides, no, the slides, you know what i'm talking about, i have them. >> you don't have to -- you don't need to lean down -- >> no, no, they're athletic

>> the china issue for nike is a china issue more than nike. china demand is softening. it was up mid single digits last year. nike was in the context of doing fine. nike is gaining share over global competitors and well as chinese brands. retailers like nike and consume are consumers like neike. nike declined in europe this quarter. the brand is strong and as the environment improves, so will nike sales. >> the numbers are a little bit softer, but that's not really the big issue. the people are pointing to the innovation which is nebulous. they are facing competition from rising competitors like hoka on run running. they are focusing on the direct-to-consumer channel. we say innovation. what does that mean? are they coming out with another nike air or nike gel? what is everybody looking for here? >> nike has not come out with anything new or different in the last few years. you look at the launches with the women's running shoe. they are on the 40th iteration of the pegasus. they look really similar. when consumers are seeing pegasus 39 and pegasus 40, they all look sim

— nike, does any of that land with football fans? nike, does any of that land with footballfans?ally, because i think if you take _ football fans? not really, because i think if you take an _ football fans? not really, because i think if you take an interest - football fans? not really, because i think if you take an interest in - think if you take an interest in football shirts, and these past five or ten years, the manufacturers will all put a spin where this has come from. nike in particular have called it the training gear in 1966 team. i think it's the trim on the cuffs or the bottom of thejumpers or think it's the trim on the cuffs or the bottom of the jumpers or the sweatshirts. it seems very tedious — or ten yes, beg your pardon. than or ten yes, beg your pardon. an aduu or ten yes, beg your pardon. an adult shirt is almost £125. the authentic version is a little cheaper. in terms of fans, do you reckon they will go out and buy them, or do you think there is a possibility there will be boycotts. 7 i possibility there will be boycotts. ? i doubt there will be a boycott. th

the german football association dumping a data's in favor of nike up. this seems to be coming out of nowhere. what's going on? it was a massive surprise. yeah. i mean, you could tell that it was a surprise for everyone, apart from the jumping football federation because at the desk nike didn't have any statements ready. i mean added us, but contacted and they've kind of said, well, yeah, we're only hearing about this today. what's also interesting is the timing, the german men and playing an important friendly against friends some on such a day preparing for the whole european championship, saving germany in june and july and out of that's the only last week just announced a new a way kit which was a pink kit to cut, quite controversial to me. i didn't have that color before, but actually it's been something quite well apparently. and yet suddenly, then the german, if they come out with a so it is a huge surprise me a day. this is an iconic german. brad right. uh, sports brand. what you say is the main reason for the german football federation. taking t

the >> own goal for nike. the american sportswear brand has been slammed for changing the saint george's cross on the new england football kit . is it ever england football kit. is it ever okay to tamper with a national flag .7 shadow attorney general flag.7 shadow attorney general emily thornberry gave her thoughts to gb news of nike done. >> i mean seriously, i could hardly recognise it as the england flag , can you.7 i hardly recognise it as the england flag , can you? i mean, england flag, can you? i mean, england flag, can you? i mean, england flag, can you? i mean, england flag is a simple white background and a red cross. seems to me. why can't they just leave it alone ? leave it alone? >> define one's talk, isn't she, sickness benefit surge. the cost of those out of work will increase by more than a third by the end of the decade. do we need to get tough on those out of work ? of work? >> lancaster landmark, a charity constructing a full size avro lancaster monument to the world war ii bomber used by t

and in my opinion, nike knew what they were nike knew exactly what they were doing .ously updating a shirt. every time a true fan is going to go out and buy this shirt, and that's what they wanted to do, adding that tiny little adjustment makes that fan 90, little adjustment makes that fan go, need that new shirt. go, oh, i need that new shirt. i need to buy that. but at the end of the day, it backfired because they that change. of the day, it backfired because they was that change. of the day, it backfired because they was the that change. of the day, it backfired because they was the change. :hange. of the day, it backfired because they was the change. theye. that was the change. they shouldn't made. they should shouldn't have made. they should have the as it is. have left the flag as it is. that's i believe. and i that's what i believe. and i honestly that a shirt that honestly think that a shirt that costs £125 each they're costs £125 each time, they're really trying to make a profit off those fans and it's not fair. i think if it's not needed, don't change it. an

and in my opinion, nike knew what they were nike knew exactly what they were doing .updating a shirt. every time a true fan is going to go out and buy this shirt, and that's what they wanted to do, adding that tiny little adjustment makes that fan 90, little adjustment makes that fan go, need that new shirt. go, oh, i need that new shirt. i need to buy that. but at the end of the day, it backfired because they that change. of the day, it backfired because they was that change. of the day, it backfired because they was the that change. of the day, it backfired because they was the change. :hange. of the day, it backfired because they was the change. theye. that was the change. they shouldn't made. they should shouldn't have made. they should have the as it is. have left the flag as it is. that's i believe. and i that's what i believe. and i honestly that a shirt that honestly think that a shirt that costs £125 each they're costs £125 each time, they're really trying to make a profit off those fans and it's not fair. i think if it's not needed, don't change it. and in m

sara eisen on nike. and that has been the knock. take a look at the share losses to hoka -- >> do you have hokas on tonight? >> you make fun of them. i have two pair, wise guy. and i happen to like them. >> we've seen the top deckers on hoka. julie, your take? >> i think innovation is pretty critical. the long-term outlook, particularly with young people, is really lacking, and they have ceded to other brands. they are really in a situation where they have to innovate, they have to spending the money there. they can't just kind of cut costs to their ability to find growth. and i think they have the potential to do so, but it kind of remains to be seen, so, i think it's a show me story from here. >> web bush said long-term they are optimistic, but a frustrating lack of innovation short-term from nike, tim. >> then, you know, then you can add it to all the other short-terms for the last two years. this stock has really done nothing. as someone that loves the company and has traded it from the long side and the short side in the last t

joe, nike, a big one.illed the radio star." >> somebody suggested "friday i'm in love." >> you didn't end because of air jordan and stuff like that, you didn't end on nike to talk about the tournament, that wasn't your segue? >> i could have, but i like optionality.optionality for the things because sometimes we don't have a lot to talk about them. i was talking to mike over here off camera, one of our camera guys, and he basically and i were talking about the fact that nc state is pretty much the hot team right now. so nc state, texas tech, thank goodness sanford didn't beat kansas or else even more would be busted up than we thought it was going to be. >> we know there will be blood like the movie, in terms of bracket losses. i just said there will be blood. that probably means i'm talking about january 6th. i didn't mean a bloodbath. oh, my god, did i say that? >> daniel day-lewis movie. >> that's what i meant. what about tv -- the only good thing to ever come out of tv newser was that we did -- the onl

one corner nike down about 17% over the past three months.lulemon down about 6% since reporting three months ago as well. both names been in a bit of a slump. more pronounced for nike, but which is headed potentially for a turnaround? making the case for nike, senior equity analyst with wells fargo securities. $125 price target on that stock. counter, john kernen outperform on lululemon with a $553 3 pric target there. make the case for nike, indeed trouble since its december report. down 20% or thereabouts. >> sure. thanks, tyler. look, just to be frank. we don't particularly love either name internal earnings. below the street, numbers came down for both of these guys but we think nikesy a better investment. honestly, to keep it simple, because nike is a story all about roecoveries a characteristic of space and innovation and valuation. whereas the other side lulu is abstain be robust remarks. likely proving difficult in 2024 and slower growth and high multiples is always a tough bet. >> when did nike slip? >> well, honestly, take a step ba

nike's decision or flag alone? nike's decision or nike? is it nike or nike ? i'll nike?ke, nike's, nike's decision to redesign the cross of saint george on england's new kit for the upcoming euro 2024 tournament by adding purple and blue horizontal stripes, has continued to cause uproar , with continued to cause uproar, with even rishi sunak weighing in. i actually was quite impressed that keir starmer weighed in. this is the most passionate i've ever seen him about anything, the prime minister said simply that mess with that we shouldn't mess with national flags. and now england manager gareth southgate has given his thoughts on the change too, that the new design too, saying that the new design was clearly not cross of was clearly not the cross of saint george and nike's reasoning behind it. it was lost on him . however, nike have on him. however, nike have sought to defend themselves by saying it never their saying it was never their intention anyone and intention to offend anyone and they wanted to celebrate they simply wanted to celebrate they simply wanted to celeb

what has the response been from nike about this?ut this? , ., what has the response been from nike about this? , . ., about this? they are saying that the whole idea behind _ about this? they are saying that the whole idea behind this _ about this? they are saying that the whole idea behind this purple - about this? they are saying that the | whole idea behind this purple update on the st george cross was inspired by the winning england side of the 1966 world cup. they've all purple as their training kit, and 1966 world cup. they've all purple as theirtraining kit, and nike are saying that this redesign is a playful refresh, but certainly not one that was intended to cause offence. but of course we have been listening to some voices of fans was that people who take this very seriously and are upset about this. yes. and are upset about this. yes, indeed. lots _ and are upset about this. yes, indeed. lots of _ and are upset about this. yes, indeed. lots of people - and are upset about this. yes, indeed. lots of people have i and are u

nike barzalov, now we will perform yegor letov’s song about a fool.o saucers, who cares, right? let it be, touch you on the shoulder, kiss you warmly, let the pennies fly because of. out of his bosom, the fool enters the forest, the fool is looking for something stupider than himself, the cogwheels have become hard in his head, in his wet kidney under the abuse of the fighting yes. i bought sharikov, i got money for them , i will grow up in a wonderful country, i will kick, i will dive into the ground, i will always answer all questions alive, a fool walks along it and... a fool walks stupider than himself, a fool walks, a fool is looking for nothing, a step to yourself. the sun is shining, day and night, there are no atheists in the trenches under fire, and the blind man runs and sits... the insignificant one sits, you never dreamed of such a thing, a fool walks through the forest, a fool searches stupider than himself, a fool walks through the forest looking for... fool, stupider than himself, you wanted to take my sneakers from me, i’m sneakers, we

jim, i know you're not in nike, but you were at one point. >> nike is a show-me story.elieve these words will come out of my mouth, but there is a question of brand supremacy. it's a question to be answered by the company. i don't know the answer, folks. at the september quarter, when they reported -- excuse me, this was the august 31st quarter, they came through with better inventories, better margins, better pricing. i got in the stock then. it shot up 25%. courtney, i don't know if you wrer, but the analyst community was falling all over themselves. they absolutely tanked it, and then the stock went down and now it's below 100 as we sit right now. the question hangs out there, has nike lost its mojo? i'm not saying it has, folks. i'm saying as an investor who would love to be in the nike of old that did have brand supremacy, i need that question answered by the company in their earnings report when it comes out before i'll take a position. >> wow. josh, i imagine you have some thoughts on nike and lululemon. >> so it's true that the competitive pressure is coming fro

s. nike brand. the move comes as a shock to football fans in germany, who's seen their players in the us for the past. 70 years, the german football association says the switch to nike was driven by financial and other concerns. us off to work this out. we've got mark meadows with us here in the studio from dw sports mark. i'm just trying to wrap my head around this. the german football association dumping a data is in favor of nike up the seems to be coming out of nowhere. what's going on? it was a massive surprise. yeah, i mean, you could tell that it was a surprise for everyone. apart from the jumping football federation because at the desk 9th, you didn't have any statements ready. i mean, added us, we contacted and they've kind of said, well, uh yeah, we're only hearing about this today. what's also interesting is the timing, the german men playing an important friendly against friends on, on, sat to day preparing for the whole european championship, saving germany in june and july. and that's

lululemon and nike under some pressure. courtney reagan breaks it all down, and the committee debates the space. "halftime" back in just two minutes. >> announcer: are you following "the halftime report" podcast? what are you waiting for? look for us in your favorite ll "asting app. foowthe halftime" podcast now. hello, mia. are you ready to meet your demise? man, we really need to upgrade your trash talk. ♪♪ nice shot... shot... taker. who programmed you?! i'll see you tomorrow. the future isn't scary, not investing in it is. 100 innovative companies, one etf. before investing, carefully read and consider fund investment objectives, risks, charges expenses and more in prospectus at invesco.com. power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis, help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunities in the market. e*trade from morgan stanley. with powerful, easy-to-use tools, power e*trade makes complex trading easier. react

i think we will because this nike deal is from 2027 until 2030 full. so you compare the added us, we'll do everything they can. so when this contract back in 2034, i've got friends who worked at the edit site to down by noon of the and then absolutely still you can just imagine the factory this morning really subdued. they will do everything they can. so in this contract back end of a humiliation mark medicine dw sports. thank you very much. i. so you're watching dw news. just reminder of our top story, us secretary state se blinking has arrived in israel for talked with the is really prime minister. been, you mean does in the office is expected to urge an immediate cease fire in god's complex own is next to talking with life is foreign minister. i'm terry washington . thanks, spring with the into the conflicts own with sim sebastian. as the war and ukraine grind on the neighboring voltage states watch anxiously from the ring side, c, pressing the west to increase a kia and make sure russia dozens with my guess this week is last is 5 minutes to pc. i u

nike and lululemon anticipating challenges in the u.s. market.ike's warning investors that sales will take a hit this year with pressure particularly in the sneaker department. lululemon is seeing a sales slowed down to start the year with lower foot traffic and shopper pullback. i want to start with lululemon because we are looking at a titanic move in the shares of lululemon. was it really that bad? >> the results were actually very good, i think it's the guidance that has investors concerned. the slower start to one q with traffic weaker than expected and conversion which means that they need to improve the product. we think that's what's causing some of the downside we've seen today. as they improve product and move forward, lululemon is a strong brand. we see 3 theirx strategy able to drive their target to double sales ahead of time. katie: maybe a light at the end of the tunnel. shares are currently down by the most since march 16, 2020. that was a pretty bad day as you can imagine at the onset of the pandemic. let's talk about nike because

let's hit nike. >> let's hit nike.t that was interesting on the call as well. i remembered that analyst we had on. >> sam poser. >> this week. >> downgrade. >> so negative. >> so negative and spoke to a lot of what i think donahoe and executives alluded to, there's been an innovation lull at nike. they haven't had any big hits and they've lost share to new hot brands like hoka. if you've seen a deckers chart, it's unbelievable. even you're wearing hoka, so maybe it's jumped the shark. on running, biori -- >> there's no doubt. >> john donahoe and his cfo matt friend, it was really -- the stock was up. >> deckers owns hoka. sometimes people may not be aware. >> that stock has been parabolic. also ugg is back in fashion and they own that, too. the stock was up after earnings because north america was higher, stronger growth. china was okay. 6% growth without the currency impact. that got it done. but it was the outlook and on the call when matt friend started talking about what they're seeing turned the stock around. list

a lot of that is nike. and brin, obviously nike has issues but spotty guidance from consumer companies, it hasn't always been about the consumers being very healthy. it has been hit or miss. how does that fit into whatever thought you might have in terms of where we are in the cycle and where we prefer to look within the market? >> you know, i think on the consumer side, these earnings are idiosyncratic. i mean i feel like nike is china. i feel like lululemon, there are a lot of brands out there, and it takes change, and so i think we still have -- i mean we can look at the credit card data, it is moving up, credit card delinquencies, but don't forget, mike, it is like a strong jobs market equals a strong consumer. they're one and the same. so until that jobs market, we start getting higher unemployment, which it is just i don't think anyone see, that the consumer is going to stay relatively strong, and so i would really pass that off to idiosyncratic specific companies than a broad brushstroke on the retai

nike is in the ascendant when it comes to product. nike has to adapt, get new styles in.painful as they pulled back on those bestsellers and hopefully bring in bestsellers to come. and we don't know whether they are going to resonate with consumers. francine: what does that mean for adidas? >> adidas is suffering with all of these same problems. but the new ceo comes from a fashion background. he is more fashion orientated and he seems to have a very good grip on what is going on in this market. he has noticed that -- she's got an advantage because his style, the sandbar, the terrors, the gazelle, all those retro things, he has noticed that those were coming to the for a couple of years ago. so last year he ramped up production of them and importantly, he seems to be figuring out where they will go next. he is introducing a variation sl 72, which is a running version. it's an olympic sneaker, so as olympic heritage. he's noticed what he calls these low-profile sneakers. so he's gone into the archive, he has reenergized this because he thinks they will be bestsellers. he h

i think we will because this nike deal is from 2027 until 2030 full. so you compare the added us, we'll do everything they cancel when this contract back in 2034. i've got friends who worked at the edit site to down by noon, but i never absolutely stone. you can just imagine the fact you this morning really subdued. they will do everything they can. so in this contract back, it is a humiliation mark medicine dw sports. thank you very much. i us and finally, i bet they don't offer a packet during pedicure or in your local nail salon, but they do at a zoo here in germany, where elephants a cleanser who had been getting their annual pedicures. the treatment is part of the animal's regular medical checkups. procedure only differs from the typical salon experience with keepers using an angle grinder to buff up the slightly larger toenails. so you're watching dw news, just a reminder of our top story is this, our us secretary state helps me blinking this expected intel, a beep where he'll call for an immediate cease fire and gaza. and a reversal of washingto

nike has more idiosyncratic opportunity.ity and it is this debate between the bears that say the innovation engine is broken and the balls that say, you know, this is not an earning company. they went from $20 billion-$50 billion of revenue and the margins are the same. so, this probably seven dollars and earning power. right now, the shorts are winning. i think the paradigm can shift. we will probably see a little bit of hints of that in this quarter but it's not going to be a next quarter when we get the outlook for '25 that we will get some concrete data points on that. >> yes, and i guess really quickly, where would you place a fair value for nike if we are talking about getting toward seven dollars and earning power. >> that is a physical '28 number. so, i think, you know, if this company trades at 25 to 30 times, you know, you've got to discount it back proportionally from there with an appropriate discount rate. >> got you. kevin, thanks very much. thanks for setting us up for those nike numbers after the close and as

. >> i'll follow through on nike. i like the nike trade. i'll cover from the options standpoint. if you press a short and it has had a precipitous fall do it through options versus running a risk of having to go cover. >> yeah. >> can you imagine if we asked carter what he thought of underarmour's chart. that would be a horrendous result. >> we actually can. i mean, he's here. >> look how many boxes are up there. >> is this a record? >> no, i mean, no, there's been eight in the past. >> we've boxed up more than that. >> carter. >> yeah. >> i mean, what do you think of under armour's chart. >> one of the first rules is if it is in a down trend jem be cautious. up trend generally be optimistic. under armour, talk about not performing well, you know, the burden of proof is on the bull. the bear has to point to look at the mess we've got. >> carter has such a nice way of making a question sound absolutely stupid. >> sounds like a pair of 2s. [ laughter ] julie, do you think fedex is in any way, shape, or form a bargain? >> no. i think a lot of the dynamics around them, there's so muc

nike and lululemon have strong histories and demands. in the case of nike, it was trading pretty expensive and it wouldn't take much of a hiccup for that to come back down to earth. you did see them slow down and it wasn't the first quarter. they also missed in the december quarter when it came to expectations. it looks as though some smaller competitors are nipping at their heels. the same could be said of lululemon. in this case those are representative of stocks that are bit expensive. optimistic, given the long track records. as a result, when something goes wrong, you see a significant decline. vonnie: how much are you advising people to hedge their bets and have something safe going on in their poor folio? where is that for you and your clients? ellen: you need to have a barbell portfolio. the semiconductor names and software names, absolutely. they are reasonably valued. i wouldn't say they are cheap, but they are reasonably valued and the growth is there, the demand is there, you need to balance that with value. particularly for

nike has defended its decision as a �*playful update'.n — would you like to see nike change the design of the new england shirt featuring different colours for the cross of st george? i different colours for the cross of st george?— st george? i prefer the original, and my general— st george? i prefer the original, and my general view— st george? i prefer the original, and my general view is, - st george? i prefer the original, and my general view is, when i st george? i prefer the original, and my generalview is, when it| and my general view is, when it comes to nationalflags, we shouldn't mess with him because they are a source of pride, identity, who we are, and they are perfect as they are. . ., , ., ., are. the politicians wading into that argument. _ are. the politicians wading into that argument. the _ are. the politicians wading into that argument. the chelsea . are. the politicians wading into - that argument. the chelsea flower show has stunned visitors with beautiful displays for years, but this year the organisers have somethi

it has been rough sledding for nike. it provides opportunity to buy from an investor perspective. >> gunjan, what about the retail consumer and sector? >> that is the big question moving forward. wall street has a high expectation for the consumer and earnings. that's what has driven the rally in the stock market. the consumer spending got off to a slow start at the start of the year. powell did not seem so concerned about that yesterday. that is a giant question looming over markets. was that seasonal softness or is that the start of the bigger weakness to continue? that is one key thing to watch as we head to the next earnings season. >> you know, speaking of earnings season, jim cramer on "mad money" yesterday was talking about the earnings. he was talking about it himself. >> we don't care about rate cuts. we care that the fed's is no longer the enemy. the fed is important, but the specifics of when we get rate cuts or how many has become small potatoes. we can think about earnings again rather than worrying endlessl

steve says the faa nike surely far as the faa and nike surely far as the customer should tell nike what he says. and think it's the same steve. and i think it's the same steve. it may be a different one, he says. let's be realistic about this. nike be responsible this. nike may be responsible for nothing with for the idea. nothing wrong with having decision having an idea, but the decision rests squarely with the fa. >> yeah, i wonder how it was sold to the fa by saying, look, >> yeah, i wonder how it was solrato the fa by saying, look, >> yeah, i wonder how it was solra clever:a by saying, look, >> yeah, i wonder how it was solra clever twist. ;aying, look, >> yeah, i wonder how it was solra clever twist. and g, look, >> yeah, i wonder how it was solra clever twist. and g, looi it's a clever twist. and well, i mean, we've been through mean, we've already been through some words that we used. some of the words that we used. the playful meant to the playful update meant to unite and inspire. i mean, do you look at flat or look at you look at a flat or look at anything and go, you know wh

the big question is , is nike? of course question is, is nike? , past with the colin kaepernick, debacle, the nfl taking the knee. he became the poster boy. nike like a good controversy . is nike like a good controversy. is that what happened here, do you think? or was it a simple woke blunder? >> well, i think nike are experts at what they do. >> and this is very much, them doing what they do best, having fantastic sales, having themselves woven into the fabric of our society and, and really , of our society and, and really, it's been a huge success for them. i don't think it was a deliberate ploy to shift sales. >> i think it was just a really strong marketing move to shift the new kit. >> andy barr, the trouble >> so andy barr, the trouble with things like this is that there are backlashes. >> for example, colin kaepernick in 2018 when he became the poster boy for taking the knee , poster boy for taking the knee, there was a huge financial hit, £3 billion was wiped off the value of nike, but they ended up 10% up year on year. and people start

over the long term i believe in nike. do you believe in nike? >> i believe in nike. i think it would be a good long-term opportunity to jump into the stock and what if it gaps? if it gaps and clears the 200-day moving average i would chase the name. what have we seen on gaps higher, it gaps higher in the next three months so look for it to be played either way but you have to be postured after earnings. if you play before the earnings you're gambling. i like to have the risk/reward setups in my favor and we may get that after thursday's earnings. >> jay, thanks. good to have you here. court. >> so many stores to get to. so little time left. we'll power through as many as we can coming up next. they're waiting for you. hey, do you have a second? they're all expecting more. more efficiency. more benefits. more growth. when you realize you can give your people everything, and more. thank you very much. [applause] ask, "now what?" here's what. you go with prudential to protect, empower and grow. with everything you need to deliver, you guessed it... more. one more thing.

nike comes back. don't worry.ve to start embracing foot locker more, man, that's the strategy >> some of the weekend takes were kind of tough >> yes, they were. >> i'm talking about nike as more of a mid market fashion brand now. >> this is happening it's happening very fast in the same way that people didn't see abercrombie, they didn't see -- i mean, new balance is being -- it's a private company. new balance taking a lot of share. i think nike's very worried about new balance. >> although the only dow names doing better at the moment are boeing, which we talked about, and disney today, jim, barclay's going to overweight. >> i think a lot of people feel the more agitation, the better i do think that disney's very focused on making a lot of money, and i think that's correct. they're very focused on keeping nelson peltz off the board i think that they -- i think people feel they're developing some strategies with sports that we don't know about, with jimmy pitaro, who is loved there's a loved guy. everybody loves

the design features purple and blue horizontal stripes, in what nike called a "playful update". the us firm said the colours were inspired by the training kit worn by england's 1966 world cup winners. mr starmer said the flag was a unifier and the firm should reconsider its decision to modify it. a little earlier, mr sunak has this to say on the england shirt. look, obviously i prefer the original, and my general view is, when it comes to our national flags, we shouldn't mess with them because they are a source of pride, identity, who we are, and they are perfect as they are. let's speak to our correspondent ben woolvin, who is outside wembley for us now. do you have one of these shirts? 0h, we will see if we can go back to him. he was trying to get hold of a shirt for us. we will come back to that story a little later. we will come back to that story a little later. a white supremacist prisoner who escaped from a hospital in idaho in the us has been arrested after a huge manhunt. skylar meade, seen here, and his alleged accomplice nicholas umphenour were caught in the city of t

nike warning investors will take a hit pushing shares lower in trading. the world's largest sportswear company says it is working to realign merchandise to better match what shoppers actually want to buy. nike says revenue and earnings are growing next fiscal year as it expects to see a payoff from a cost-cutting plan announced in september. jonathan: up next, the doj looking to rein in apple. >> we allege apple has employed a strategy that relies on exclusionary anti-competitive conduct that hurts consumers and developers. jonathan: we will see how difficult that is to prove. that conversation is up next. ♪ ♪♪ hello, mia. are you ready to meet your demise? man, we really need to upgrade your trash talk. ♪♪ nice shot... shot... taker. who programmed you?! i'll see you tomorrow. the future isn't scary, not investing in it is. 100 innovative companies, one etf. before investing, carefully read and consider fund investment objectives, risks, charges expenses and more in prospectus at invesco.com. investment opportunities are everywhere you turn. but at t. ro

and don't mess with the flag, say politicians after nike's controversial england shirt which has added new colours to the st george's cross. and coming up on bbc news: one more win and wales will be at the summer's european championship. they'll face poland in cardiff next week after comfortably beating finland. good afternoon. west yorkshire police say they've launched an investigation into allegedly racist comments made by the conservative party donor, frank hester. the force says its working to establish whether a crime was committed, when he made comments at a meeting in leeds five years ago. mr hester, who's given £10 million to the tory party, is reported to have said that the mp diane abbott made him want to hate all black women and that she should be shot. our political correspondent, helen catt, is westminster with the latest. talk us through the latest developments?— talk us through the latest develoments? ., , ., , developments? the conservatives mi . ht developments? the conservatives might have _ developments? the conservatives might have thought _ developments? the conser

maria: look, earnings pretty good but stocks like lululemon, nike down despite double beats on earningson is if getting weak guidance from corporate america seeing kinds of moves lululemon is down 13% nike down 6% obviously, fedex up 11% reported better-than-expected earnings despite lower demanded for deliveries if weaker guidance forward does that mean this economy is still you know slowing down, and pt we haven't seen full impact of 11 rate hikes, pete? >> right. i would say you are stall right on that maria, i think when we look at this lululemon versus nike lululemon still looks very, very strong cautions i think ceo coming out wanting to be very honest transparent about what he is looking at, for this coming year when you look at numbers absolutely incredible so i think a name like this hit to downside i think an opportunity, on the other hand i look at nike very measure company reliance on china growth model not there that is i think a problem for them much bigger problem than anything with lulu when you talk those two i -- i lien to lulu. >> jay powell to speak 9:00 a.m. maybe p

nike is scaling back production of several designs, including nike, air force one and nike pegasus sneakers prevent discounting. nike is facing its worst sales slump in a decade. i mean, do you think that'll work? i guess scarcity does, you know, make you want it more, right? >> that's the word i was going to use. scarcity, certainly. you know, supply and demand. it probably won't hurt anyway. >> yeah, well it could backfire too, though, i don't know, especially if there aren't too many options for people. >> right. >> yeah. >> well, i think one of the problems is, well, there's a few problems. one is that these sneakers are so expensive, especially, i mean, you know, they launched the new ones. i mean, jordans are 150, 160, $175. the way the economy is right now, a lot of people just don't want to pay that. and the other part of it is, i mean, usually these shoes are attached to some signature players, and unless you have the right guy at the right time, sales are just not generated the same way. right? it's true. >> they need a new michael jordan. >> who's that? >> i think he's still the

and the hour for that, and nike and the engush hour for that, and nike and the english keeping most, the money. >> don't blame nike, blame us who buy them? >> who? sorry. >> who? sorry. >> blame us? who go out and buy those kits. >> yeah, but the difficulty there pester power . you can't there is pester power. you can't have a young kid who's eight, ten, 12 who says, mummy, mummy, mummy, your daddy, daddy, daddy. ten, 12 who says, mummy, mummy, nwantly, your daddy, daddy, daddy. ten, 12 who says, mummy, mummy, nwant the our daddy, daddy, daddy. ten, 12 who says, mummy, mummy, nwant the england y, daddy, daddy. ten, 12 who says, mummy, mummy, nwant the england kitiaddy, daddy. ten, 12 who says, mummy, mummy, nwant the england kit and(, daddy. ten, 12 who says, mummy, mummy, nwant the england kit and you ddy. i want the england kit and you say, you can't have it say, no, you can't have it because that. and then because of that. and then he goes and goes rag tag and goes and he goes rag tag and bobtail the gym where all the bobtail to the gym where all the kids, all the other kids are

nike's new england football , nike, have football shirt, nike, have decided to mess with the england'sd's national flag. let's take a look. this is what they will have on their shirts as they take on brazil. the brazilian players will probably think the wrong country's turned up. some people have criticised this, but i genuinely can't think of a better way for the england team to show that this country has been taken over by non—binary, queer non—binary, gender queer communists hate us anyway. communists who hate us anyway. some people say that the fuss is ridiculous. i mean, i don't know why those people don't post a picture of the prophet muhammad on their shirt and see if it's irrational get angry when irrational to get angry when things when images are posted. >> think this is. >> suzy, i do think this is. >> suzy, i do think this is. >> this reminds me of a del boy episode where they've ordered the they've been the wrong shirt and they've been right. we going do right. what are we going to do about we'll say we about this? we'll just say we did for inclusivity. did it for inclusiv

the first nike kits will be unvieled in time for the 2027 season, but angry fans have taken to sociald at the team ditching the german brand. this sunday marks 100 days days since the start of houthi missile attacks on container ships using the red sea. it has forced many shipping companies to re—route around the cape of good hope, adding more than a week to their freight times and disrupting international trade. let's talk to marco forgione, boss of the institute of export and international trade. boss of the institute of export thank boss of the institute of export you so much forjoin how thank you so much forjoining us. how serious is this situation, how bad is the disruption? the destruction _ bad is the disruption? the destruction has _ bad is the disruption? tue: destruction has been bad is the disruption? tte: destruction has been significant. bad is the disruption? "tte: destruction has been significant. in additional time and additional cost of shipping around the cape of good hope, the southern tip of africa. africa. as we expressed when they started, this was going to resul

welcome to this lively conversation, impassioned as well, about the nike design and the colours, more explain why you think this is a no—no? just explain why you think this is a no-no? ., .. ., , ., just explain why you think this is a no-no? ., ., , ., , no-no? you cannot start playing about with _ no-no? you cannot start playing about with our _ no-no? you cannot start playing about with our history _ no-no? you cannot start playing about with our history for - no-no? you cannot start playing i about with our history for corporate benefit. if they think they can get away with this, they will take it a step further in the future and start shoving stuff down our throats and think they can get away with this, that and the other. i was proud to serve my country. the symbol of my heritage was the st george's cross. i have grandparents who are welsh. i have irish history from another grandad. and part of this country. i define myself as english because i was born in england and i have served my country. so for a corporate company to come along and think they can do what the hell they want

the dow and the s&p would look better were it not for nike. nike is a component of both and is the worst performer of the dow. and the top and bottom of, nike did note, direct to consumer strategy, is not driving the growth they expected. the company is losing ground in the running category. at the bottom of the s&p, down 15%. stock at 406 in change, if double dead budget percentage losses the yoga apparel giant looking at its worst day in four years. lulu says revenue will drop expectations on waning demand in north america. got to check publicly traded companies losing 5% of its stellar 48% jump on day one. apple tanked 4% after the department of justice, accusing it of a massive monopoly built around its iphones. is up one%. had been down, then came flat and as you see we are seeing strength here. it could be huge for the smart phone and apps store king. congressman ro khanna is here. silicon valley as his district. does he think the doj is going too far saying it won't rule out breaking up apple. in the last hour or two he voted against th

my wake of the nike shirt scandal. my will debate as wake of the nike shirt scandal.. my as the clock)ate as wake of the nike shirt scandal. my as the clock issue. as wake of the nike shirt scandal. my as the clock issue. gb|s wake of the nike shirt scandal. my as the clock issue. gb news well as the clock issue. gb news britain's news channel. don't go too far hello. welcome back to gb news sunday with me . dawn neesom on sunday with me. dawn neesom on your tv, online and on digital radio. now it's coming up again next weekend. why do the clocks change in this country ? in the change in this country? in the uk, we set the clocks ahead an hourin uk, we set the clocks ahead an hour in spring and back . you hour in spring and back. you know, fall back in autumn, spnng know, fall back in autumn, spring forward. okay. that's how you remember. but that happens next sunday, right? okay. so we all get less time in bed. it gets darker in the morning, but late at 10:00, a light at 10:00 at night. we're not the only ones to do this, by the way. uk is one of several countries in

lulu and nike reporting after the bell. you just bought lulu.it's been strong for so long, so what made you look at it finally now? >> a little bit of a play on the consumer offering brand power, history of consistent growth, leading returns on invested capital. obviously the earnings are next week. looking for mid-teens, top and bottom line, continued progress on operational efficiencies. frankly, we look at both lulu and nike and opted for the company that is continuing to execute well versus the one that's a turnaround story. obviously a highly competitive industry, susceptible to volatile consumer trends, but this has emerged as a consistent grower generating 20% revenue growth over the last ten years. and relative to its consumer peers, it has industry leading gross margins and operating margins. and it trades at a discount to its p/e average the last ten years. we see a broadening out in the markets. we kind of like this. >> its margins certainly are impressive and sort of the brand power that it's had even as so time. every time you go by

>> let's talk nike and lululemon. i don't know if that is low end versus high end. the bigger call is a strong brand in lululemon. nike, great brand. i don't think you have the momentum behind that brand that lululemon has. go ahead. >> i could let you finish your point. stacey, are you worried about the low-end consumer going forward? i think the sales are coming in line. do you have the concern of the lower-end consumer going forward? >> yeah. there are clear signs that food inflation is up on the yearly basis. that consumer is stretched and they have been feeling pressure for a while. i think that is inflation which is coming down. we are not getting deflation. we are not seeing signs of that. i don't expect that. i think, you know, you are seeing the mid-tier winners and losers. department store space, nordstrom losing share or kohl's is still struggling. it depends which store you are seeing. some brands with phenomenal double digit here. it is winners and losers here. i agree with brian. valuations are stretched. you look at abercrombie. the stock is down nice

you can have a moan about the nike the nike football shirt. >> i was gearing up to have a moan nike and nike and we have scott morrison, former scott morrison, the former aussie pm the show as well, aussie pm on the show as well, who was going talk about the who was going to talk about the small boats crisis. but yeah, what emotional couple what a really emotional couple of for me, two main of hours. and for me, two main points over the of the points over the course of the evening, which have really hit home the fact home personally. one is the fact that understand now that we kind of understand now and have a bit of clarity about why kate has , i won't say why kate has, i won't say behaved, but, you know, been so discreet in private over the past couple of months because she was just trying to protect her children. and that's why, as we understand now, that the news has come out today, because the kids have finished school, it's said made the decision said that she made the decision to announce it today because she didn't want kids at school to be talking about it, and she wanted to pr