. >> her dress was a calvin klein creation.nd now, a new report claims she will sign a seven-figure deal to star in his new campaign. following in the footsteps of some very famous faces. we learned, there is no signed deal with calvin klein. paris just took to instagram to rant about career rumors. >> they're saying i spent 20 grand a month of my inheritance to be a super model. >> she told jimmy fallon she got bit by the acting bug early. >> i enjoy it a lot. >> and she just landed her first feature film role. c it's not exactly what this 8-year-old told her dad she wished to do. >> what do you want to do in the future? >> help the poor. >> very sweet. >> but it's all a part of a bigger strategy. >> if i wasn't doing this, no one would listen to me. if i build a platform, people listen to me, i can do important [ bleep ]. i don't want to be a super model. >> great she wants to make a difference. >>> let's go back to 1993. who is this tough guy here at the mtv movie awards. >> that's moi. he looks serious, but he ain't that to

like you said, the order books here for calvin klein in europe are up 20 plus percent. i mean they are showing inflection, but they're still off of a small base, and that's really what we were talking about in our upgrade. they have stabilized the u.s. and international can double from here. just a lot of runway on the top line and still margin opportunity to go with it. >> give me a thought on tjx if you don't mind before we let you run. >> to me the off-price sector is where the value is. even as relates to pvh, they're accepting of the off-price sector because they like the positive traffic. burlington reported this morning good results, continued positive traffic. i think value is all about the off-price sector. and as the brick and mortar landscape continues to consolidate, t.j., burlington, that off-price sector is where you want to be. >> appreciate the time, thanks so much. do you guys want to put a bow on this. doc? >> i like this one at 96 last week on the show, we talked about it. $11 higher here. this is one of them where i agree with matt, but i do think th

it's gross margin, the cost of good news sold, and the source of pvh's spring, calvin klein is up 11%, and tommy hilfiger is up 16% overseas. can this international strength offset the domestic weakness? les talk to the ceo and chairman of pvh. congratulations on a terrific, terrific quarter. it looks like that once again, people are underestimating how strong international is it's just amazing. >> our strongest businesses have been in europe, as well as china, which just continues to perform, both of our brands in europe, posting double digit comp store increases, and our stores in china posting increases despite the chinese new year. >> i went over our last few conversations that we have had, this is the first time you have led with china. china must be becoming part of the mosaic. >> especially with the acquisition last year of tommy hilfiger in china, we brought the whole business in house, having that business along with the calvin klein business gives us strength in the platform and allows us to take advantage of the growth in that region, china and the surrounding areas. >> the

the maker of calvin klein is also raising the full-year outlook.he ceo spoke to jim cramer last night on why these positive on the u.s. market. >> our brands are performing pretty well. you can see it in our heritage numbers. we're bullish about our heritage business in the second quarter. the key in this market in the u.s. is to really manage inventories tightly as well as expenses. you have to recognize that we're going through a seismic shift in the retail distribution channels. >> pvh shares up 3.6%. >> it is an amazing stand-out performer, especially when you consider a lot of their stores are sold in the underperforming department stores. they do have some international exposure in europe, maybe that helped, clearly a good brand story. shares are getting rewarded. >> williams-sonoma posted numbers already and they are up 9%. >>> still ahead on the show, a volatile day for oil prices as opec ministers meet in vienna. we'll tell you what they're saying and what it could mean for prices. anyone can dream. making it a reality is the hard part. no

while calvin klein comps north american brands fell 5%. tommy till i hilfiger fell 4% in international comps fell 14%. switching over to tiffany, this morning the company beat out profits t. comparable sales disappointed there and fell in every regions but europe they pointed to europe and domestic shopper spending in the americas, which is a key region as well as a strong dollar as the negative drag when translating over those foreign shares. tiffany shares have been up more than 20% this year. >> court, thank you, back at headquarters. karen, where do you want to go retail here? >> pvh is very interesting. i don't think particularly high end. so it stand out this trend of european goods is very interesting. it's sales very strong there. north america continues to just be a drag. i don't know when that or if that's going to turn around. that's interesting to me that you must be in europe to find any growth. you want to have growing exposure there. stocks act crazy, interesting to me, also, he would raise guidance, why not sort of. >> let

we learned, there is no signed deal with calvin klein.is just took to instagram to rant about career rumors. >> they're saying i spent 20 grand a month of my inheritance for my glam team to make me a supermodel because it's my dream to be a supermodel. that's not my dream. >> is her dream to act? >> she told jimmy fallon she got bit by the acting bug early. >> i've been taking classes since i was 19 and i enjoy it a lot. yesterday paris confirmed she was cast in her first feature film role. it's not exactly what this 8-year-old told her dad she wished to do. >> what do you want to do in the future? >> help the poor. >> very sweet. >> but it's all a part of a bigger strategy. >> if i wasn't doing this, no one would listen to me. it's a strategy. if i build a platform, people listen to me, i can do important [ bleep ]. i don't want to be a super model. >> great san difference. definitely. >>> let's go back to 1993. who is this tough guy here at the mtv movie awards. >> that's moi. i don't know how tough he is. he l sooksuserio, but he ain't

the 27-year-old former hugo boss and calvin klein model hoping you will pay attention to him beyond hisack abs. okay, they're eight pack abs. becoming a viral sensation after posting this video of him making something. appearing on plenty of talk shows. into two peruvian restaurants in lower manhattan. >> they all want to touch you. so basically been able to parlay this whole body, this whole image, face into, into this. >> into this. which is, you know, a very healthy way of cooking and if you, you know, because we are what we eat. if you eat healthy you will look great. >> that's the key. what are we going to make here? >> this is -- >> montalitto. >> almost got it. awe thought means like. >> when you mount something on top of something else. >> look toppings. >> exactly. >> so this is, favorite appetizer. people love it. look a latin version. because you know we have, a tostone as a base. >> what is it? >> fried plantain basically. one of the most, latin things you can do. great thing about this, we do it on, you know, with avocado. and we have it with the chicken option. coming out

the former calvin klein underwear model is a familiar face from "general hospital" and "melrose place>> wells fargo is back in court for its fake account scandal. new at 5:00, what they're trying to get dismissed. >>> one sentence from a police officer may have saved the lives of two motorists. the proof in this incredible video. >>> and getting word of power outages happening in the danville area. we'll have that coming up at 5:00. >>> another day, another great >>> another day, another great white shark food. water. internet. >>> another day, another great white shark we need it to live. but what we don't need are surprises, like extra monthly fees. i see you, fee, played by legendary actress anjelica huston. you got me, mark. we just want fast internet for one, simple rate. for all the streaming and the shopping and the newsing, but most of all... for the this. internet for one everyday simple price and no extra monthly fees. >>> good morning, welcome to tuesday, may 9, glad you're here. >> it's 5:00 a.m. we're facing i guess a fine day weather wise. >> warmish. >> warmish. >> yeah

. >> from the calvin klein ads. >> no, no, no. >> yes.. >> he was general hospital i think. >> the guy. >> see there he is on general hospital. >> that's not who we are talking about. >> you remember him from melrose place. >> serious? >> yeah, on melrose place. there he is with heather locklear. >> everybody was with heather locklear in melrose place. >> the guy from the janet jackson video. love will never do without you. >> that's how you remember antonio sabato jr. >> best speaking role right there. >> how do you remember he was in this video. and i know everything about the video. ♪ never, never do without you >> i still want the cart wheely thingy the guy had in the video. scientific name for it. the metal wheely cart wheely thing. >> there you have it the metal wheely cart wheely thing. ♪ in the neighborhood ♪ who you going to call ♪ ♪ there's something weird and it don't look good ♪ >> 800 number. >> contractor in washington state was wishing the ghostbusters mentioned the number in the song he could use their help about now. >> h

in order to pay down debt, that gave them many additional calvin klein licenses.it's just possible that the flood gates will help. keep in mind, pvh stock has been a good performer. but to sinclaire and coach, it's just right for making acquisitions. so i have to ask who's next to fake the plunge? jamey in new york. >> caller: i want to know if there's might be a strength behind comcast and as well as if it's a buy, sell or hold. >> my travel trust has a position in comcast, why do i like it? they have tremendous subscriber growth. they made a deal with charter. but what matters is that this stock is very inexpensive on earnings could do really well under the president's tax plan, but has phenomenal growth, and has fee cash flow. miguel in tennessee. >> caller: cramer. been a fan of yours since 2008, so a big boo-yah from the volunteer state. >> thank you, the vols rock, as we all know. >> caller: of course. question, i have been reading article after article after article about these sports products these sportswear products going toward athl athleisure. like und

among other reasons, calvin klein is seeing double-digit store sales continue to accelerate in europe. there is the situation with staples, those shares rising. you can see that is after bloomberg reported exclusively the company had rejected a takeover offer from cerberus capital staples, those shares rising. you can management, but that sycamore cup -- sycamore partners is still in the running. apparently the cerberus bid valued the company at more than the current market. spiking and hanging onto gains of 3%. vonnie: thank you for all of that. it is time to turn to emerging markets. markets index, gaining 3% as some countries have significant challenges including brazil. the president is facing pressure to resign after the allegations last week. we have the portfolio manager at a be. he looks at multi-assets portfolios. how have things changed since january with president donald trump talking about policies that would be longer? >> the trump trade has faded. this is part of the effect from the u.s. election. you see the fundamental valuation technicals of emerging markets are not a

if you take macy's, for example, they have calvin klein, ralph lauren, jessica simpson merchandise thatoes not resonate with the millennials. not just about the value proposition and getting the consumer the convenience of shopping but also rethinking the merchandise and the branding. >> brian, one of the conspicuous things about this sector is what's not happening. people are saying these are cheap enough. i'm just going to buy the company. let it shrink in private hands, often what used to happen. what's that telling us? is it essentially -- is there anybody who will basically say there's going to be some value here and that will put a little bit of a floor? >> yeah. so, no. there are six retailers sitting in private equity portfolios right now that are going through some kind of reorganization. we think the banks would not be very smart right now to lend. the retail business model is broken. you cannot have 6% to 7% ongoing same store sales declines in your brick and mortar businesses, deleverage your occupancy costs and store labor costs ongoing. business models are broken. go throu

but they have the brands, tommy hilfiger, calvin klein.it. >> family mark etets don't worr you for pvh? >> well sales are still up. i think the guys getting hurt are the i goes that bought the discounts from pvh. >> right. >> tiffany reports i believe on wednesday. estimates going up. on one hand, signat not doing well but european dealers doing well. stock is beat each of last eight quarters. >> joshy? >> jpmorgan. in jamie dimon's own words, u.s. economy is $100 trillion by to 20th 2 2025. it is impossible to believe jpmorgan won't thrive as that takes place. >> power lunch starts now. >> live in washington, d.c., welcome everybody. what a week it has been. first up, president trump getting ready to leave this hour for his first overseas trip. will it help reset his agenda or will his troubles follow him? speaking of the trump and gop agenda infrastructure is a big part of it. actually bipartisan. we will speak with two congressman on opposite sides of the aisle about their bipartisan plan to rebuild america. and can't get anything done

. >>> the seven figure deal to be the new face of calvin klein. >>> mariah in a skin tight body dressrthday gift. >>> and alec baldwin revealing plans for a second wedding to his wife.

pdh corporation, this is the owner of calvin klein and tommy hilfiger, inventory, management, everything'sing on all the right cylinders. and, again, ulta, this is a beauty products maker. this is an all-time high. party city. so really across the board consumer staples, the stuff you need, consumer discretion, the stuff you choose to buy, all of these retailers enjoying substantial gains, and it's been quite a while since we've seen the industry across the board performing so well. liz? liz: lori, thank you very much. dinner and diplomacy right now at this hour in sicily. g7 leaders are arriving in pretty much the past 55-65 minutes for a lavish meal followed by a concert from the la scalia philharmonic orchestra. however, you know how this goes, the dealmaking is in the hallway? also in the past hour white house chief economic adviser gary cohn telling reporters the administration may consider even tougher, not looser sanctions on russia. earlier this morning the president touched down in sicily, and he tweeted, quote: just arrived in italy for the g7. trip has been very successful, we m

you would see all of their calvin klein and tommy hilfiger in the discount channels.nder armour did not control its inventory well. they're like flooding the discount channels. keep them out of the discount channels, don't lower your price points and then some of the numbers were down five in the u.s., they did not get caught and tommy hilfiger, i don't know if you have been to berlin. but i happened to take a place that was next door to the hilfiger store and there was a line when it opened. each morning. a line for tommy hilfiger. and that's -- this is a premium, premium, premium brand in europe. the numbers are extraordinary and the gross margins are great. manny chirico keeps the inventory down in the u.s., has plenty in europe, and i think it's lasting. you have to buy the stock even up here. >> you can forgive investors if they're a bit confused by the retail landscape. >> so hard. >> because this morning here we are talking about very positive things. with the likes of course of best buy. yet, we also spend so much time talking about the decline of the mall. an

i will round it out with pvh, which is the parent company of calvin klein and tommie hilfiger.ine, earnings of 1.65 compared to $1.60. we've got a slight beat for revenues as well. if you look at the individual brands, calvin klein revenues up 5%, tommie hilfiger revenues up 6%. pvh did raise full year's earnings guidance, still calling out volatility in the macro economic environment but shares up sharply after hours as well. kelly, back to you. >> a big win for brands in this environment. courtney reagan covering retail there. sales force and dell are teaming up on a strategic agreement. ceos marc benioff and michael dell will be here in a couple of minutes to tell us about the deal and how it will impact shareholders and customers. stay with us on "closing bell." , but why don't you just go to thinkorswim's chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders? i know. your brain told my brain before you told my face. mmm, blueberry? tap into the knowledge of other traders on thinkorswim. only at td amer

also pbh corp, owner of tommy hilfiger, calvin klein. guess, burlington coat factory. this is the best day for sears something like two years. shares up 13 1/2%. back to you. melissa: lori, thank you for that. phil, oil tanking after opec agrees to extend production cuts through the first quarter of next year. so what, sell the news? >> it was sell the news and they disappointed market because they teased the traders. never tease traders. they were kind of suggesting just a week ago maybe they could extend these production cuts for 12 months. there was even rumors they could do an additional production cut. when none of that came to prue wigs, this market got hammered, opec paid for it. we were down fivers on the price of oil. if you look at the big picture, is the market overdone? probably is but you don't want to step in front of it. gold broke a two-day losing streak. we have that going for us. melissa: phil thank you. david: stocks continuing to charge higher despite the battle inside the beltway over president trump's budget. it is kicking into overdrive. joining

she wore calvin klein in monday's net gala. we mentioned she was cast in her first feature film.eft. hp oo mentioned not one, not two, not three, but four spinoffs. not sure what will spin off. the writers are working on a potential plot line. and calling all harry potter fans, the curse child is coming to broadway. it will open in fork new york. it's a tale of a grown-up harry, miny and ron and it is sure to be a box office hit right here in the u.s. that's your shortstop start. >> nice minding your heinie there. >> check the weather. >> today's weather is brought to you by kay jewelers, for 100 years, every dis begins with kay. >> and as we look at what's going on today, a lot of wet weather up and down the east coast. air traffic is going to be a real mess. we have tornado watches as well. we're keeping an eye on that. flood watches from detroit down to indianapolis. roanoke, northern north carolina into new england. rainfall amounts over the next 48 hours we're generally about 2 to 3 inches but 4 to 5 inches from cape cod to eastern maine. it will be a real mess. rest of the

the casual look with his calvin klein. >> that's how your husband hangs around? cool.d catch. >>> still to come, the world's most famous bridesmaid. pippa middleton just got hitched and we have all the pomp and circumstance. but first, this is "today" on nbc. >>> still to come on "today," is it giselle versus tom? stories when it comes to whether the super bowl quarterback tom brady suffered a concussion last year. >>> plus, talk with michael phelps live. a chance of a comeback? we'll ask. >>> first, these messages. standby. hey katy, let me show you how behind schedule we are. yeah. are those the pyrotechnics that are gonna startle me from a distance? yep. and my impractical wardrobe changes, those all set? not even close. oh, this is probably going to shine in your eyes at the worst possible time. perfect. we're looking at a real train wreck here, am i right? wouldn't it be great if everyone said what they meant? the citi® double cash card does. it lets you earn double cash back with 1% when you buy, and 1% as you pay. the citi double cash card. double means double.

pvh has come across as being tommy hilfiger and calvin klein boutique brands that really work in europe not a u.s. trade. i think it's important because i keep hearing europe is so good, europe is so good. can't fight it. >> what do you make of this bloomberg report that apple is working on an a.i. chip in. >> i saw that. look, that's -- if i was really, if i took it really seriously in nvidia, the maker of the best maker of artificial intelligence chips would be down today and it's not. i hate that talk about the iphone supercycle, that is the kiss of death. we had a supercycle for coal and supercycle for fracking sand and those were talked about at the absolute pop. you have to tamp that down. i talk to tim cook you want to tamp that down. mum's the word, they say nothing but skyworks has done well. broadcom has done well because they are parts suppliers to apple. >> qualcomm hasn't done as well. >> but that's a war. that's brother against brother, david. >> that is a war. question. >> that's vicious. that's not harvard/yale. >> no? >> not harvard/yale. >> no collegiality whatsoever.

at the ripe old age of 19 wearing calvin klein. now we hear she has landed her first feature film.he dark thriller being produced for amazon. get this, co-starring david oyelowo, charlize theron, amanda siegfried. quite a cast. already this year, paris has appeared in tv shows, on magazine covers and landed a huge modeling contract and attended the grammys, all that and the year isn't even half over. >>> finally a job opportunity, amy, listen up in case you want to moonlight. i think you and i could handle it together. no one can whine about this op bl imagine getting paid to drink wine and travel our beautiful country. >> that is my favorite dream. >> that is mine. [ applause ] i got a fever right now and only one thing can cure it, it starts with an "r." ends with an ose. if you get it with oregon's union wine company they're looking for what they're calling a can-bassador for their underwood wine while being served in cans and you get to drive a vintage citroen and drive coast to coast singing the virtues of canned wine checking out wine festivals and music festivals to tell eve

. >>> michael jackson's 19-year-old daughter signed on to be the new face of calvin klein.re film. a lot of exciting projects in the works for young paris. exciting news for fan favorites. "game of thrones," the hit show with two seasons left. hbo is developing four spinoffs. no word on how many will pan out. writers are already working on plot lines. and "harry potter" fans, the it's coming to broadway opening april 22nd, 2018. it's the tail of a grownup of the characters . it's sure to be a hit in the u.s. >>> nice job hin >> let's check the weather. >> today's weather is brought to you by kay jewelers. for 100 years, every kiss begins with kay. >>> as we look at what's going on today, a lot of wet weather up and down the east coast. air traffic is going to be a real mess. we have tornado watches. we're keeping an eye on that. flood watches from detroit to indianapolis. into new england rainfall amounts over the next 48 hours were generally about 2 to 3 inches. 4 to 5 inches from cape cod to eastern maine. the rest of the country today, beautiful sunshine from texas all t