. >>> and nike selling off. we will see what executives are saying about the market share. >>> apple capping off a stellar quarter. it's friday, june 28th, 2024. you're watching "worldwide exchange" right here on cnbc. ♪ >> good morning. happy friday. let's get you ready for the trading day. kickoff the final day of june. we want to get you ready for the trading day. the nasdaq doing the best. the dow would open up 20 points higher. as you know, the quarter has been all about big tech. nasdaq on pace for three weeks of gains. the s&p higher for the quarter. the dow is set to close in the red. you see the chart here. back to the s&p. the top gainers is nvidia. first solar and teradyne up 30%. we see vistra and ge vernova. we see the declines here. walgreens down and builders source down 34%. today is really all about may pce inflation. that report due out at 8:30 a.m. eastern time. you see the benchmark at 4.30. rising seven basis points from its low a week ago. continuing to see the move as we creep into the pce

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back in 2022, i spell trouble for nike. back in 2022, | believe, _ spell trouble for nike., i believe, they launched a little project of theirs, nike, making products that require new processes and new tech and fewer steps and something that used less energy, called forward. they seem to be tapping into these issues and hoping to bring on board very savvy consumers. are they winning? is the messaging landing? it’s they winning? is the messaging landin: ? �* , , landing? it's interesting when ou see landing? it's interesting when you see a _ landing? it's interesting when you see a company _ landing? it's interesting when you see a company put - landing? it's interesting when you see a company put out i you see a company put out information like that to try to appease customers when it comes to esg and environmental awareness. this is what we in the industry called brainwashing. nike in that sense —— what they didn't realise or communicating is it costs a lot of money to do and implement these processes that are ultimately going to be better for the environment —— greenwashi

put up a long-term nike chart. this stock is cut in half since the all-time high in november of 2021. it's a series of really poor quarters. they are trying to get their inventories in lirngs but the margins aren't going up. is competition eating their lunch? that's pretty clear to me. inno innovation, i guess, is part of it. i think they probably, quite frankly, got lazy. i'll say this real quick. the october 2022 low, i think, was 87ish, and we're precariously close to that now. stock has to hold. this is pretty key support levels, mel. >> it's funny, as long as i've been in the business, and this is over 25 years, they've been challenging the multiple that this company has, not too different than what we heard with starbucks and a few other discretionary sort of things. and it's been bottom left upper right until recently. there have been periods since there have been big drawdowns and the like. so, to me, this is a company that has over 25% market share in u.s. footwear, and any time these guys hit a multi-year

he is a nike investor.morning. >> good morning, frank. >> what are you looking for in the report? we mentioned nike shares down double digits year to date. >> the shares are down 12% year to date. they are actually 40% from the 2021 high. you know, and with nike, there's specific reasons for the poor performance. the turn around plan is clear. we are looking more at the numbers and more specifically at the tone change to positive and more color on the efforts on this turn around plan. >> as you mentioned, nike is changing the innovation pipeline. how confident are you in the plans to come out with new products? are you concerned they are leaning on jordan and air max? >> as a sneaker guy myself, i love jordans. i have more than i can count. with that, they have been leaning on him heavily. with the slowing sales growth in china and you just said the competition from on and hoka. you remember they slowed on the wholesale relationship in stores and foot locker and dick's, et cetera, which opened the door for

opposite situation with nike here. was terrible yesterday. yet, into tex is up double digits, so it's about the winners and losers, and i don't think you can just point to the macro and say, hey, look over there. >> excellent point. what do you do now with the stock, quickly? >> i think they're talking about q1 down 10%, the year down mid-single digits revenues. i think it will be bumpier than that. they're talking about innovation, but we have to see it. the customer is starting to get used to them promoting again. it's hard to bring them back. i think this could be a very bumpy road back, and i think earnings estimates would have to come down again. >> it's funny. we were just having this conversation offset. could buy on or the owner of hoka, deckers, or are they already too rich? >> i think it depends on the name. abercrombie, hollister, just got a little bit better here. abercrombie is not promoting at all. same thing with anthropologie. as long as that keeps going, you can still own them. and by the way, these br

small relative to nike.ootwear market is big to support multiple successful companies. >> do olympics act as a catalyst this year or is that generally overstated, do you think? >> no. look, i think that's a big deal and another -- you ask me why now, why upgrade nike now. the timing of the olympics were in my thought process. nike always are a big player around the olympics. i think they're looking at this games in paris as a real opportunity to showcase a reinvigorated brand. starting to get product launches coming out around the olympics. i think the products look good. i think the olympics are a catalyst here. >> they have been great story tellers and the olympics a great avenue to tell stories. we'll see what happens this summer. talk soon. thanks. >> thanks for having me. appreciate it. >> as we head to break the biggest gainers on the s&p 500 for the week. gilead topping that up by about 9% followed by caesars, corning, globe life and fleetcor, up 7 or 8%. the countdown to cnbc's top states for busines

we'll go into nike later.ike actually had the ability of making starbucks look good, which is quite a statement right there. >> yes. >> but one of the things that you want to worry about is powell, because a lot of people feel that powell's soft landing, so you might have a change of course there. who knows, maybe pardons peter navarro. he's the most anti-china person i have ever read and had the ability to talk to. you might say, listen, there's no more reason why kroger-albertson's will be blocked. there won't be any blocking of tapestry. there won't be a move to break up or stymie amazon. apple will no longer be in the crosshairs of the justice department. there will be a sense that there can be more media mergers, and then i think that one of the -- we want to take some odd ones, something like the plaintiffs bar will be neutered, which means you have to go by j&j. they benefitted from the bankruptcy rule involving opioids and the sacklers yesterday. if people want a stock, i always come up with a stock th

bold call from an analyst on nike. traders set to weigh in on what they aren't buying what he's selling. >> gearing up for results from fedex and micron. rough end of the week for the big banks what is behind the beating of bitcoin right now. i'm melissa live from studio b at the nasdaq. on the desk, tim, karen, vanno and steve. i'm not losing my voice. not a peter brady moment. >> you've been on the network. this is your third hour. >> that's an aside. start off with a handful of high momentum stocks suffering heat stroke in the sun. nvidia hitting an all a time high yesterday morning and down 10% since then. technically puts it in correction territory and drops it back to the number three spot on the market cap lebenthal leaderboard. chipotle down more than 7% from its tuesday record and negative for the week. eli lilly and costco also pulling back from their best levels, hit just in the last few days. is the fever breaking after these stocks' massive run? we asked last night and did see follow through today. mole hi

what is nike getting wrong? aneesha: nike has done a poor job innovating. spending and nike was leaning on the older line, the more recent from several years ago. the market, pulling back, people looking for value, it's becoming obvious that there is no new information out there and they need to do a hard reset to push innovation out before they can gain share again. jonathan: do they need to do a hard reset on certain business lines? is it the edge ordinance or is it the nuts and bolts of what the company is built on, running shoes. both or one or the other? aneesha: it's both but the timing is different. they just launched a new product with pegasus and they are no longer selling or producing the older lines anymore and they had a lot of new launching coming. that reset is done and we saw that this quarter and in the prior to read the sales were hampered. they need to reset the other big franchises. this is a big part of the portfolio. it will take a big toll on sales , the back half of this calendar year. lisa: during pandemic a lot of people said that p

. >> nike. i did it and will probably do it again next week if it gives me another opportunity. >> just do it. >> amazing. >> thank you, tyler, for babysitting. >> appreciate it. >>> see you >>> my mission is simple, to make you money. i am here to level the playing field for all investors. i promise to help you find it. mad money starts now. hey, i'm cramer. welcome to mad money. i'm trying to make more money. it is my job to teach you, so call me. the monotony of greatness. that is what i think about scrutinizing the stocks for the completed a second quarter of 2024. today was dominated by the second trump administration in the wake of last night's debate. a dip in 45 points. the nasdaq losing .71% but i do not come to bury your crazed candidates, although if you stick around i have the potential winner of last night's debate. but i do want to talk about the top 10 stocks that led the s&p 500 to rally for the quarter. by the way, an extending 14.5% gain. wow is a. there are an awful lot of old

we talked about nike. we talked about lulu. competitive issues. won't get back to that conference other than to say, it's not just about competition. it's not just about economies tha -- at companies looking at different dynamics and gross margin. the consumer is in a tough place, and discretionary will come under tough pressure thanks. >>> concern about investor overconfidence the next six months. chris harvey is the head of strategy. welcome. how do you react to what tim said about the consumer maybe getting a little more timid? are you seeing any signs of that? >> so, tyler, what i think is happening with the consumer is you don't have to worry about the consumer buckling under. the finances are okay. what you have to worry about is where he or she is going to spend their money, right? what we're seeing is the consumer saying, i'm not paying that for that. where are they spending their money? they're spending it at costco, walmart. they're spending in tjx, alis, burlington, off price. what is that telling you? they're stretched. they're not fin

nike has been hit by lower demand with consumers picking up brands like on or hoka.e have our analyst joining us now to unpack a little bit more movement here. shelby, thank you very much for the time. when one takes a look at the distinct differences across the spectrum here, especially stateside, you are an active investor and really knit pick. it is becoming significant, wouldn't you say? >> absolutely. when we look at the lack of breadth in the market, being active is crucial. that seems like that shouldn't be the case, but it really is because it is what matters after that breadth return. when we are back in the situation where your individual choirs choices do matter, we want to make the decisions right now. when we look at something like nike, we are going to be interested, not necessarily because it is something we would choose in our active positions, but because it would help give us a little bit of insight on what else consumers are choosing. are they choosing another brand or trading down? is everyone going to suffer the same drop in revenues? what is goi

oh, nike. nike does not have this quarter. there's too many variables.o reads shoe dog recognizes their hallmark was running. the great steve fontaine, we always had stop preshirts on, pre was the pre to nike being great. disappointing to read that article. we need to see the china numbers, anybody china is bad. >> shoe dog, phil mike talks about why he chose china. the answer is always 2 billion feet. >> that's the -- i had him on. they didn't want to come on. i had them on "mad money." i gave tim cook two segments and phil mike two secregments. i think shoe dog is -- people didn't want to know about business. >> one of the great ceo memoirs i ever read. gary freedman completing a $10 million share purchase. >> i'm begging him to come on the show. >> that's up about 5. for a ceo who has been vocal about the industry challenges. >> last quarter was one of those quarters -- i always say this in emails, please come on, my wife is your biggest client. gary was abject. he made some mistakes. the future is now. he used the pablo picasso where you have to dest

karen, any thoughts on nike?h on the -- the inventory issue, which was a good one, so, they're under inventory, and yeah, i think we're all sort of in agreement. >> all right, everybody agrees -- >> by the way. i got to go to the -- your daughter swims. i was in indianapolis for the olympic trials. >> really? >> that's bad ass. >> serious stuff. >> belly flop. >> dhint wear nikes in the pool. >> no. they don't. all right, folks, final trades coming up in just a minute. >>> all right, time for the final trade. let's go around the horn. julie, you get to go first today. >> i'm still nervous investing in bank stocks, but i like software provides for them. ncno. >> karen? >> yeah, lululemon, great premiere company, lost its way a little, but i think it's found its way back. >> steve? >> i love the symbol. the stock is called samsara. the symbol is internet of things, iot. it got obliterated on earnings. bounced right where i should have bounced, and i think it rises further. >> guy? >> you should go to youtube and wa

tell us what you see. >> we'll start with nike, scott. slashed its outlook. it is the worst performer in the s&p 500 by far. ceo john donahue pointing to weakness in china and softness in the business overall. the results adding to pressure on the company and the ceo who is starting to lose wall street's confidence after a lackluster fiscal year. the stock is down 20%. but a very different picture from some of the companies in the travel space that are talking about a very strong consumer. estee lauder on pace for the third consecutive monthly loss. shares fell after laurel ceo told investors in paris that he expects slowing growth for the beauty market this year, shares down 4.6%. back to you. >> all right, appreciate that, seema. thank you. seema mody. >>> still ahead, shares of first solar cinching. we're going to tell you what's behind that move today. and how the broader solar space is holding up amid the slide. we're coming right back. >>> being a proud member of the lgbtq+ community, i tried to not let it define me, but be a key pa

nike now down 20%. synchrony shares down after an analyst said -- the partnerships and experienced management team. the price target set to $56, implying a 27% increase from thursday's close. treasuries extending june gains. projecting almosttwo rate cuts in 2024. bets on a september cut also have increased. tons of implications for the bond market. you have the two-year flat. a little bit of arise in the 10 year yield. it is time now for the wall street beat from public credit markets to private ones. there are so many questions on how big the private credit market will get relative to the public credit market. bruce richards said the industry could become a $15 trillion industry over the next decade. there are questions on what the private credit industry will include. joining us now is michael, blackstone's cio for credit and insurance. michael: thank you for having me. we say $25 trillion. i have heard up to $50 trillion. the market size today is only $1.7 trillion. when you think about the growth a

we have to start with nike. worst day ever as a publicly traded company, down 20% after that revenue problem and disappointing guidance. they expect sales to drop 10% in the current quarter. eva, are you a buyer? >> nope. >> okay. >> unfortunately it was once a great entrepreneurial company, now it is a tired brand, we're sticking about flat growth as of now and now negative up to 10%, negative 10% as you mentioned. and most importantly there are profits that have come down since covid and we're speaking about an area, a category that is traditionally slow, very, very flat industry, very unexcited. new upstarts, young companies such as on branding or hoka, they're taking away market share from nike and unfortunately, it is a bleak outlook for them in the future. that's what we're predicting. >> wow. a tired brand, nike. wow. that is -- that is really -- that's harsh, eva. but, good. that's all right. love when you say -- you go at it. let's talk about chewy. that stock dropping just today after roaring kitty's d

nike has $28, 13 holds, and three cell ratings on the terminal.g up, eye volumes are off to their best first absence 2021. we will talk to phil drury, head of technology and communications at citigroup. stay with us. this is bloomberg. ♪ sweat isn't sweet. it's salty. lmnt. more electrolytes. zero sugar. you feel the difference when you get it right. stay salty. >> this business is poised to really grow in leaps and bounds are creatively, globally. we thought the world to know about it. many of the folks in the united states love our content but they don't know we are the ones behind it. for us this is not just about capital formation, this is about playing at the global stage and being backed by the best investors so we can operate globally. sonali: david lee speaking with us earlier today about why the company decided to go public now. let's stick with ipo's in our wall street be. bloomberg is just out with its ipo first half wrap. it found ipo's have gone out through their best start since 2021 when volume set to eclipse last year's issuance in

american sportswear giant nike has just released its quarterly report card.prise drop in revenue in the october to december quarter of last year, as demand for its apparel and footwear slowed. this also caused the company to lower its guidance for the year. but things could be looking up. nike is currently the top sponsor ofjerseys at the euros 2024 soccer tournament, beating out brands like adidas and puma. retail analyst neil saunders gave us a sense of the road ahead for the company. what they should do in theory, especially the olympics, it's a pinnacle sporting event. we know that during the other pics and the aftermath it encourages more people to take up sports and personalfitness, but that guidance for the first quarter, which would include the olympics, of revenue down 10%, suggest that nate does not really think in the general scheme of things that be much of an uplift, and i think that is disappointing because nate will be front and center of those olympics. it always it is. it is their time to shine. as i said, we have a lot of the younger brands

nike is one i'm looking at. nike has gotten their lunch handed to them.r which has hoka, i think one of the ugliest shoes out there, they have been absolutely crushing nike. from that perspective they should have been executing. i think they got it together. if you look at market they have been doing lately, listen to dick's sporting goods, foot locker about nike i think they are starting to turn around. i think those names, these valuations cheaper than you've been able to buy them the past five years, these are the types of companies you look to be adding after the big pullback, especially pairing with the flying tech companies. charles: talk about high-flyers, won't stop. grand slam with crowdstrike. do you ride those? >> yeah. >> i know, you ride the winners, sell the losers. that is one of the cliches on wall street that kind of pisses me off, you don't know a winner or loser until later on. you may sell a stock down today, next tomorrow is up 85 bucks but are you riding these things? will you keep riding the momentum names ha you have? >> that's a g

the losses wiped out more than $28 billion from nike's market valuation.s been trying to grow sales in what has been a dull year for the stock so far. in order to appeal to a different consumer. the company is tweaking its product lineup by rolling out new $100 and under sneakers. overall, stocks were down today on wall street. the dow fell 45 points. the nasdaq dropped 126, and the s&p was down 22 points. looking ahead to next week, investors will be keeping an eye out for several reports to be released on monday, including updates on manufacturing for june and construction spending in may. >> the latest data from april is showing 43% of small business owners in the u.s. could not pay their full rent on time, according to the report. this metric has not been this high since the height of the pandemic in march 2021, around 20 cities coast to coast have seen a rent increase over the past year. las vegas, san diego and washington, d.c. have seen some of the largest increases. one business owner in denver says many businesses don't survive the hikes. >> a lot

a key example mic nike, getting crushed -- might be nike.n you go to the investing part of their web site, nike bills itself as a growth company. well, in north america growth was down in the last quarter. the market grappling throe with -- though with narrative. it's hard to say. the consumer is strong, obviously, it's hard to keep saying that. but the same token, it's hard to know when the fed will actually step up to the plate. a lot of confusion in today's session. let's bring in bob doll. bob, on monday i looked at your note. you said, listen, last week -- there's more evidence the weakening economy. you cited the citi economic surprise index among other measures. i'm putting up the bloomberg growth surprise, the surprise thing too as well because that's having even a steeper freefall than the citi version. if so this week we have got a lot more data on the consumer. what are your thoughts now? >> definitely mixed to weakening, as you highlighted. the consumers use the phrase, and i agree with you, tappedded the out. it's going to have

>> i think that nike could actually -- this is not the quarter that nike should have a breakout. don't think this nike quarter is any good. i think they can make a forecast because i don't think that -- when i look at all the -- look, when you look at under armour, which does seem to be in tatters, you look at, obviously, hoka is really doing well, and on is doing well, but i think the market could have more room. it's just not an expensive -- nike is not expensive. again, i don't think the quarter is going to be great. but i think they can say, you know what, we're seeing some green shoots. there's a lot of green shoots in china, just that no one -- everyone's afraid. and i think they're afraid because they saw, once again, alibaba go up big and then reverse and reverse horribly. that's the cheapest stock in the world, according to a lot of people i talk to. dave tepper will tell you -- the great dave tepper -- i don't mean that facetiously at all. >> i'm well aware. >> i knew him at goldman. he is legitimately great. he thinks that alibaba is the cheapest stock on earth but the

nike that chart a big down one.1.3 million shares volume after an earnings beat miss and cut full-year guidance expecting to see current quarter sales fall by 10% given software sales in china and uneven consumer trends globally. perhaps not surprising, a slew of analysts on wall street cut ratings on the stock this morning as well. nike down nearly 15%. shares of another dow component. apple. up nearly 8% now. around 250 shares of volume. iphone and app services giant help from citi group moved stock up to second highest conviction pick within communications equipment behind their top pick, which remain as risk to networks given more optimism over robust iphone upgrade cycle in 2025. apple shares up nearly a percent. by the way, for more on those and other analyst calls of the day head to cnbc.com/pro. subscribers get more detail and analysis. end with a check on walgreens. shares of retail drug store operator pharmacy benefits manager down just about 1.5% today. after a crushing 22% drop yesterday tied to a disapp

lauren has moved to check out starting with nike.auren: they've been downgraded by morgan stanley, staple, ups, berkeley, j.p. morgan, at least five saying what is next for nike, where's the turnaround after they said current sales will fall 10%, under armour and footlocker falling down because of nike's report. stuart: athletic apparel down. uber. lauren: they say uber is going to $91 a share and lift is up 4%. stuart: tesla. >> up 10% on the week, 202 for the shares. tesla filed documents defending elon musk's $56 billion pay package. they want to make it official. stuart: thanks very much indeed. coming up, more than one hundred migrants arrested while trying to come to the us by boat, trying to come to florida. the florida keys is at risk of another mass migration from haiti. details coming from that. president biden claimed border patrol endorsed him during last night's debate. national border patrol council quickly refuted that claim saying biden's border policies fail. former acting ice director tom homan on that next. stuart:

. >> trace: you wrote an op-ed about nike saying they have a woman problem, going on to say nike is a that weighs in on every social issue from racism to the environment to women's empowerment. nothing to say on the matter of males stealing trophies and... nike weighs in on everything. >> they claim to champion women and in reality, everybody in the industry knows they treat women with astonishing disregard. whether it's the sexual harassment claims from inside the company, whether it's how they treat world-class athletes like allyson felix who they refused maternity protections for or whether it's how they abuse runners in their own running program which has now been shut down because of that abuse. it really isn't surprising that at the end of the day they are refusing to stand up for actual women. they want all the woke virtue signalling that they can kind of muster for their own reputation. when it comes to taking an actual stance and really supporting women, of course they are not want to do it. that's where we come in, we are a challenger brand. 70 percent of americans agree wit

i have said them. >> reporter: nike brings in more than $50 billion a year.llion. new balance is smaller but growing fast. revenue last year was $6.5 billion, a 23% increase from the year before. a brand once associated with steve jobs is now linked to athletes and pop stars. >> we are trying to make the best product for athletes, and then we're also making product that people can wear to express their personality, to wear on the weekends. >> i love them. >> how we doing today? >> reporter: new balance is older than its larger kpetors. it was founded in 1906 in massachusetts, where it's still based. in those days, it just made inserts for shoes. >> it's all based on a chicken's foot. >> a chicken's foot? >> that's right, yeah. if you notice the way a chicken walks, it's never really off balance. >> reporter: its first sneaker was a 1961 running shoe called the trackster. >> run like a chicken. >> run like a chicken. >> reporter: chris davis is chief marketing officer. >> i grew up wearing new balance every single day. i consider new balance to be more of like

, and now he is rushing at full speed towards his fate, he said in aloud parya, meanwhile, friends, nike my broadcasts, great, hello, yes, i ’m actually sitting with the legends today. and i feel simply incredible, thank you very much, and so do i, nike, please tell me how your graduation went, do you remember it? yes, it went well, uh, well, after, of course, the official part, where everyone was handed out diplomas and so on, there was an unofficial part, it was very fun, i remember that our graduation ended in the morning - in sukhanovo on the lake, we took several boats, sailed to the middle and just lay and watched and looked at the stars. i still have this pleasant feeling, this is the moment i remember most, it was just beautiful, friends, we listen to the song, and after that we meet again in our studio, because galibri and mavik will come to visit us. congratulations to all graduates on graduating from school, i wish you a wonderful, happy journey, and of course, remain riding the star. clinging to the rays, with the moon on a leash, in the night, dangling from the stars, rushin

lauren: the problem's nike. it's down 17%. stuart: that is a big problem.in a second. the s&p 500, have a look at that. it's up just a tiny fraction. look at the nasdaq too, what's that doing in the early going? if it is up just a tiny fraction, that's it. big tech, where are they this morning? pretty much down. apple is up. there's news on them which lauren will give us in a moment. microsoft, meta, alphabet, amazon, they are all a down but not by much. we've got to take a looked at trump media. -- a look at trump media. this morning it's surging, what, a 6% gain there, up 2 points. this is a proxy for trump, isn't it? lauren: 100%. trump won the debate last night, and even cnn said so. 67% of debate watchers gave last night to trump. if as you said, trump media also trades on sentiment around a trump over the fundamentals. stock's up 40% right now this week. stuart: 67% of the people who watched cnn thought trump won. lauren: yes. according to cnn. stuart: they're democrats. that that's the way it is. apple's iphone shipments in china, a big jump. that's

nike shares down more than 20% in six months. wall street firm now says it's time to buy ahead of earnings next week. that and more inside the "market sw zone" next. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which is pretty un-boring if you think about it. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. a slow network is no network for business. that's why more choose comcast business. and now, we're introducing

under armour all the way. >> i have a shoe addiction, my guilty pleasure would be the air jordan 1 lows niker with suit if wearing right way. you wouldn't pay thousands for sneakers no, i get them for 115 bucks, all right. great tell us what sneakers you like send text or email you are watching "mornings with maria" live on fox business. . if an application needs to be modernized then you'll need time, resources... and caffeine. if this sounds daunting then use watsonx code assistant ai designed to multiply developer productivity so you can generate code quickly. let's create a more modern foundation for business, with watsonx code assistant. ibm. let's create. this looks like an actual farm. it looks cute on the app. [farm animal sounds] ♪ meanwhile, at a vrbo... when other vacation rentals aren't what they're cracked up to be, try one where you know what you'll get. >> welcome back time for the big buzz of the morning, just like that 25 years pack and celebrating a great milestone, my husband and i are celebrating 25 years married with my wedding anniversary and there it is 25 years ago to

can't look at apple enough, powering the dow 30 higher and d nike and chevron at the dow 30 and nike down and chevron down. the claman countdown is coming right back and the dow 30 on the screen and charging higher by 237 points. (bell ringing) someone needs to customize and save hundreds with liberty mutual! (inaudible sounds) (elevator doors opening) wait, there's an elevator? only pay for what you need. ♪ liberty, liberty, liberty, ♪ ♪ liberty. ♪ her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. liz: pretty significant co

big companies like nike and ebay. they are still kicking at.powerful. when you have companies like nike, lyft, salesforce and ebay. they are not suffering. there showing you can have these principles and not be supporting members of congress who undermined democracy and continue to do it. you don't have to support these ones that are threatening the democratic way of life. you can still succeed as a company and short-term while securing longer-term interest for business and all americans. >> it is disappointing and disturbing but not terribly surprising. you want to stay on the right side of at least one half of congress. >> there are republicans that don't support it. >> they are playing the odds. they are going to hand out money where they can. we have seen this in the last several days. they are playing the hand they want to be dealt which is lower taxes and less regulation. they want to play on the side in favor. that is why they resumed their donations, irrespective of the larger considerations around a functional democracy that is good no

liz: nike putting a few points on the board.he firm raised its rating on the stock from performed to outperform and hiked its price target from $110-$120 a share. nike is down 25% over the last two years, underperforming the s&p but on an armor says it will rebound as it focuses on product innovation and brand building. look at this game, 29% higher, a three year high after the fda granted traditional approval for gene therapy, the drug is used for patients with progressive muscle wasting disorder. it will be available up to 90% of the us patients including children four years old and above who suffer from the inherited disorder, that is a huge game changer. callan raised its price target on the back research committee from $165 to 203. piper sather hiking it from 157 to 205 at 160 and change. the contract drug manufacturer benefiting from news up 3. 4%. let's talk spirit aerosystems getting a left after a report it is close to an agreement that would bring it back under the umbrella and direct control of boeing get. the aerospa

. >>> nike, nike reports its results after the close.ares off to a very tough start to 2024, falling -- the blue line, almost as much as the s&p has risen year to date. big divergence there. consumer spending slowdown in rising competition weighing on the stock. estimates have revenue coming in flat year over year with profit increasing by 26%. morgan stanley says it expects the sportswear giant to guide below the street expectation due to lack of clarity in the company's innovation pipeline. they estimate it takes anywhere from 18 to 24 months for nike to bring new products to market. we had a nike investor on "worldwide exchange" who said he's looking for more clarity when it comes to new products to help drive growth in nike as it faces rising competition from hoka on running. have you ever tried one of these hoka on running. i see you as more of a new balance kind of guy. >> i have hokas. they're very light. they're very light. i got the tan ones. >> do they have the inch sole? >> no, the heel goes -- >> you're reading my mind. i see

the earnings coming out of nike. as you can see over one year, the stock is down close to 17%. 2:00 a.m. u.s. time, this is the big one in terms of politics, the first presidential debate between former president donald trump and her president joe biden. that takes place later today with a focus as we count down to the election in the u.s. in november. a new flat familiar face has been picked to lead the swiss national bank. more on what to expect from martin schlegel ahead of his promotion to the snb president. that is next. this is bloomberg. ♪ tom: a redhead crossing the terminal right now. a reminder of the turn in sentiment around chinese equities. the msci china index down 10% from its may high. now set for correction. as investors reassess the policy response particularly targeted at the real estate sector. that will not set up luxor around prices on real estate and what that means in terms of the consumer in china. industrial election data earlier today. we continue to watch the data. hopes within beijing tha

are you ready for your nike commercial? - yes. [mellow hip-hop] my friends told me i was crazy.i stand for standing. - would you like to be seated? - no, thanks. i'll stand. - hey, you want to sit down? - i'm good. - sir, the captain's asked everyone to take their seats. - tell the captain to take off. people ask me, "you never took the bracelet off? not once?" no. never. not ever. what do i do? i stanground. [school bell rings] - now, when dr. drew told jeff conway he was on a one-way street to nowhere, what tactics did he use to try and convince-- - mr. marsh. if you don't mind, we'd like to see your bracelet. - for what? - if you have nothing to hide, then please hand it over, mr. marsh. - what are you people talking about? - are we good? we live? tom, i'm here at south park elementary where officials have barged their way in after reports that stan marsh of the stanground foundation did in fact at one point remove his yellow bracelet. rumors have surfaced that stan did not stand his ground as previously stated, and that the wristband is in fact super-glued back together. - p

nike getting dumped down 20.5% and pandemic low of march 2020. investors sprinting away from the stock after the athletic apparel giant issued a surprise cut to the full year sales forecast and competition from brands runners appear to now prefer including hoka, on and berkshire brooks running and left nike in the dust at the moment. who will american performers prefer after the presidential debate and big question after a points for maya and many democrats call it a disaster and president biden showing no signs at this hour and he's considering dropping out of the race. he just attended a rally which you see on your screen about an hour ago in raleigh, north carolina, and he said he's not going anywhere. he committed to participate in the next presidential debate in september. as for former president trump, he's expected at any moment to speak at a campaign rally in chesapeake, virginia. you see the crowds there and that's a live picture and polls show both candidates are deeply unpopular among the electorate and calling for president biden to b

this morning as the opening bell rang this morning, though, nike stock dropped more than 18, nike loweredand announced sales could drop 10% this quarter. executives blame the drop on lower sales for its lifestyle shoes, and also a drop in sales in china. all right, taking you live now to see these nice gains today. the dow jones up almost three quarters of a percent 275 points. as you can see 39,439. the s&p 500 now up more than a half of a percent back above 5555 18. and the nasdaq getting closer to 18,000. it's up 118 points today. state farm insurance wants to raise rates for home insurance in california. state farm filed a request for a 30% increase for homeowners. a 36% increase for the owners of condos and townhomes, and a 52% rate hike for renters insurance. now insurance commissioner ricardo lara said in a statement to the chronicle, quote, the request raises serious questions about the company's financial condition before the increases are approved, the request must be reviewed by the state, a soul food restaurant in the bay area is closing its original location at the end of jul

then you get into nike, tjx, starbucks, we've heard from every one of these players, and i just think it's, you know, again, what's the most important chart for the market? it's certainly for a time and place, but as we think about what's been so strong, it's been the consumer, i'm worried about discretionary spend, and we heard it from a lot of different types of discretionary spend this earnings season. >> and from a gdp perspective, the consumer is the most important part of that measure. >> amazon, 24%, tesla, 13%, mcdonald's, cmg, only 4%, but that's obviously done really well. and i'm with tim on this one. it's telling a story without question. you throw lowe's, i mean, there's a lot to be concerned about, without question, and obviously amazon were to roll, that would roll in a significant way. for me, if we're still -- >> you were asked. >> i was? >> well, yes. you want to bring -- you seem very excited to bring to the american public your chart. >> i'm not that excited. well, every wednesday is an exciting, hump day -- >> it's tuesday. >> huh? kre, melissa lee. if you look at

jess: nike, nke, down over 18% on pace for its worst percentage decline if this holds into the close since february of 2001. if you look at the four-your outlook it came short of expectations. you're seeing issues of slowing demand with some of the more casual shoes.if you look at some that are benefiting, adidas is higher. on the flipside if you want to see what other companies that nike is bringing lower, lululemon is also lower down about 3%. lululemon is the second worst performing stock in the first half of this year, down over 40%. katie: bring it home. jess: another ai-tight play, when you look at the deal for nokia. 70% of the deal will be paid in cash and the rest of it will be the nokia american depository shares. a $2.3 billion deal. i was talking to our equity team when it comes to the regulatory process. she was saying that it could be lengthy because nokia would be buying a u.s.-listed company here. that is something to watch. if you look at this, up about 18% come on pace for the best day since november of 2022. nokia, the u.s.-listed shares are up close to 2%. katie:

. >> if michael jordan came to nike and said look, loving this relationship, the air jordans are workingell for me but i will represent addidas there would be a problem. that is where we are right now. >> chestnut is not ba ed announcer: it's time to play "family feud"! give it up for steve harvey! [cheering and applause] steve: how y'all? how's everybody? i appreciate that. thank y'all. thank you, everybody. i appreciate y'all. i appreciate that. well, welcome to "family feud," everybody. i'm your man steve harvey. [cheering and applause]

plus sneaker stocks not named nike are on fire. kenny polcari has a name you might try on in your portfolio. all that and much more on "making money." ♪. charles: so it wag a fantastic session yesterday for the market. we've had these sessions where we climbed off the canvas three or four times. this i share with you, it has been spotty. not yesterday, everything did well. of course large cap growth did the best, up almost 2% but small cap value was up almost 1%. so it is one of those days with the same tide lift all ships. we kind of understand that this is still a singular story, right? and, the market has been displaying these sort of intraday reversals. it feels still like maybe everything is going to be okay. this is equal weight, folks. wall weight which a lot of experts said get into the equal weight. forget about cap weight. equal weight the cap weight, rather. say that three-times fast. unmitigated disaster, unmitigated disaster. and we know why. all of the action is within nvidia and these other chip stocks that trade alo

, my friend anton lavrentiev helped me today, we also had wonderful guests today , galibri, mavika, nikelova, the most wonderful valery syutkin, in a special episode of the podcast 20 years later al and prusa, group moral code with song where are you. dear graduates, your first stage of study, education and comprehension of knowledge has ended, there is a huge road ahead of you, you need to comprehend all this knowledge, good luck, friends, have a happy journey into science. somewhere on the outskirts of moscow, white summer. from their freedom, the clouds, in the blue sky, were reflected in the mirror of the river, where you leaf through sunsets and kiss sunrises. where are you, transparent sky and blue east, where are you, orange afternoon, warm summer, where are you, autumn leaves are thrown like a fire, you would... be then completely another, a summer ray hid on your eyelashes, you were a free bird in your soul, i was a free wind over the river, water flows quietly outside the window, gray rain patters on the puddles in the morning, if only i knew how much i need you, i will never f

. >> if michael jordan came to nike and said look, nike, loving this relationship.ir jordans are working well for me but i'm going to be representing adidas. there would be a problem right? that's where we are right now. >> i love how he uses that as the example. but it's true. it's a gad way to understand it. chestnut has been competing in the contest since 2005 and has not lost in nine years. the only person to ever defeat him at nathan's since 2007 was fellow san jose native matt stonie in 2015. i still -- i still don't know how they do it. i mean -- is that ketchup? >> somebody kisses those lips. >> i can't -- >> that's lot of ketchup -- that's some buns dipped in ketchup with the hot dog. good morning. [ laughter ] >> time right now 6:26. >>> that's pride month. san francisco continues to work to be a safe space for our lgbtq+ community. now one group finding official sanctuary status. >>> let's get a live look outside while you enjoy the coffee with breakfast this morning. >> dip it in the hot dogs. >> dipping that hot dog this morning. look at that gorgeous v

months was bought by companies from china, this was the conclusion reached by the japanese publication nike studied trade and customs documents. countries, and this is happening against the backdrop of restrictions on the supply of lithographic equipment to china by western countries. so, since last july, the japanese authorities have been demanding a special license for export of everything related to the manufacture of processors to unfriendly countries. but these restrictions apply to equipment for the production of microprocessors using a technological process of 14 nanometers and more advanced. in other words, the fact that chinese chipmakers are 10 years old and have switched to what is called mature lithography, in the first quarter they purchased the corresponding equipment in japan alone for almost $4 billion, which is almost twice as much as a year ago. grow in a similar way procurement in the netherlands, this is the second, but more precisely the first world center for the development of lithographic technologies. there are two reasons for this activity: firstly, business planni

like with the guidance, sales could be up one or 2% at some point later this year because of sally nikehokah and on. they know cools, revenue is down year on year a huge department store and they said apparel which is the most of business they did not know what to focus on. >> my favorite stock was abercrombie and finch at 444% in the year crushing nvidia, who would've thought. let's talk about this goldman sachs asset munition report that you been focused on showing targets for how much you need to save in retirement. nobody is hitting it or most people aren't hitting the number but at the same time is most pessimistic. jan z is on a good start investing for retirement and median of 29000 in the retirement account, that is good and part of that is benefiting from relatively new features like auto enrollment which is really grown over the past 15 years to get automatically plunked into the 401k and you have to opt out. the report looked at competing pressures that people are faci facing. jack: taking care of your parents, taking care of college, millennial's are getting hit with the cos

we'll talk about nike flat-footed this year down 12% on soft demand out of china and inflationary concernsolympics which could market turnaround for the company and finishing development with innovation which analysts are very excited about this year. i'm sorry. jack: you should get the gold medal for that. i will go to you, you were really interesting actionable idea. >> minas delta, jack was talking about it, the stock is the best of the airlines and raised its dividend 15 cents to 10 cents, it initiated the dividend for the first time after covid back in december and it did this immediately and that's a great sign citigroup says a great confidence if you can own an airline is not great stock but if you want to own it you want to own and delta. >> 1945 ben graham said don't own airline stocks for 70 years, he was right do i ignore that or is this a trade. >> i would say airlines are more than a trade that a buy but delta may be the exception. jack: a good airline, thank you, except for you jack, no thanks to you. jack: great ideas, to read more check of this edition of barron's.com, don'

nike, please tell me how your graduation went, do you remember it, yes, it went great, well, after, ofe, the official part, where everyone. they handed out diplomas and so on , it was unofficial, it was very fun, i remember that our graduation ended in the morning in sukhanovo on the lake, we took several boats, sailed to the middle and just lay and watched and looked at the stars, until now this is some kind of pleasant feeling, this is the moment i remember most, it was just beautiful, friends, we listen to the song, and after that we meet again in our studio, because galibri and mavik will come to visit us. congratulations to all graduates on graduating from school, i wish you a wonderful , happy journey, and of course, remain astride the star, clinging to the rays, with the moon on a leash, night, feathers on the star. i rush towards the wind, a dream that has not flared up and wait, oh, you are beautiful to live, and you are wonderful to live quite, it can be a little dangerous. oh, perchom sveste, metornochki regions, one ticket, the end, spring, you are very beautiful, your life