not recognize tapestry it's just the old coach, but now it's a tapestry of brands that includes kate spade. we are speaking tonight to the ceo, victor luis later and i got to tell you something later we can't wait. this morning tapestry reported a pretty good quarter with fabulous guidance. that's why its stock was the king of the market it was up 12%. home depot, on the other hand, reported a great quarter, a huge top and bottom line, but their cautious guidance left some people puzzled and others downright concerned. despot is about as good as it gets in retail if they're being cautious, what does that mean for everyone else after rallying almost four points before market trading, that was before the opening bell, the stock only had a stung reversal during the conference call and finished actually down a dollar an otherwise incredibly strong day for retail what's the real takeaway here? i mean, those who watch it today, let me give you a little sense what i think i think people are spending more on clothes than they are on homes. and home depot, even though it's a gigantic retailer, is c

tapestry ceo said that the death in june of the brand's namesakeounder fueled nostalgia for kate spades and that helped sales. shares of tapestry rose 12% today to $53.16. meanwhile, coca-cola is buying a stake in sports drinkmaker body armor and coke has the option o increasing the stake in that future. the body armor is a start-up backed by several athletes including kobe bryant and just the latest company looking to topple longtime industry leader gatorade. shares of coke were up 6 cents to $45.89. >> advanced autoparts topped sales for the full-year quarter d the autoparts retailer cites improvin industry trends and increased spending for transaction. the stock popped 7% to 156.13. signal's deal to buy express scripts will no longer be impod by the shareholder and carl icahn. that follows recommendations by advisory firm iss and glass favor od they vote in the deal. icahn remains the deal is wildly overpriced. shares of silg nah and express scripts rose. cigna closed at 185.30. express scripts at $86 even. tea's boardamed a special committee to evaluate taking that company private.

the death of kate spade in june stoked nostalgia for the brand.n tuesday after reporting a 31 percent jump in fourth-quarter revenue due to strong demand for kate spade handbags, sending its shares up about 3 percent. the new york-based company last year added the kate spade brand to its portfolio and bought stuart weitzman three years ago to model itself into a multi-brand fashion house like rival louis vuitton. tapestry cut down on flash sales of its coach products and sold more items at full price to increase brand exclusivity, and applied the same strategies at kate spade. ( darya ) we have viewer question from maurie ... who asks ... talking about money makes me feel sick. what do i need to know? (ácommercialá) (áábreakáá) much like yesterday, temperatures will be hanging out close to seasonal averages in the 60's along the coast, 70's for the bay and 80's inland. conditions will be breezy and foggy for the morning ( mabrisa ) no major hot spots. bay bridge wb 80 is less then 30 min from the maze to sf. san mateo bridge less then 30 min from

>> certainly stuart wiseman and the kate spade brand has had significant blips. so today it was stabilization, which is terrific. what they need to do going forward is clearly work on the outlets which still are negative and on top of that they're talking about elevating the product, higher price points and bringing in truer luxury we'll see what happens a as that strategy rolls out >> how much of this is there's still so many short sellers in the retail space that get squeezed when you have better numbers like this? >> i think one of the things that happened today when they reported the march quarter in early may that was a disappointing quarter. cyber leaf as stacey mentioned and the fact the stock has done nothing in the last three months, the fact comps have improved growth margin, i have positive profit momentum and positive sales momentum. and now on top of that i have the stuart wiseman business potentially returning positive sales in the fourth quarter. and the fact that 270 and 280 for the range for the year i think some of the expectation out there coul

awareness today that's basically at 30% relative to kate spade at 2.o tremendous opportunity for us across the asian markets for growth. >> so you'd rather have names like that than more of domestic plays, tjx and kohl's? >> yeah. the stock was at 80, goes and buys -- he buys tommy hilfiger and then he buys calvin klein. klein in different pieces in asia next thing you know the stock has doubled. tapestry has a very good look. remember, that's the old coach very good look at back to school $800 million men's business going to -- a huge amount of money being spent online for advertising. it was up 12% yesterday. think of the stocks that have done really well i know that people want -- they see the futures down wow, i guess i'm not thinking about turkey no, you are. you are thinking about turkey, that's why the market is down. it's got to test itself. but unicredit has some exposure. i'm surprised that the spanish banks have been better lenders than this. if you think unicredit can bring down italy, the eu is going to bail that out. >> one thing we haven

a different story for tapestry, the owner of kate spade. it owns coach as well. gates paid a strength of their sales, sliding but is not -- kate spade a strength of their sales, sliding but not as much as as expected. auto parts seeing high demand and raising their full-year output. we are going to hear a lot of retailers this week. outside of stocks we are watching the dollar come down a bit today as we see a recovery amid those emerging-market currencies. we have crude oil prices bouncing as we have the dollar lower. yesterday crossed below $11,000 announced -- an ounce. soybeans among the commodities that are gaining this morning. also looking at some of the payment stocks this morning. we have square which passed event of for the first time and downloads. those shares up 1.8%. jpmorgan saying they like digital payments. lowe's to a multiyear path. or had been some concerns about that after walmart did not re-sign. those shares up by 2%. mark, what are you seeing in europe? about 9:00.p at that was the pig of the day, 9:00 local time. that was -- that was the

. >> sales of kate spade handbags are surging after her death in june. after her death, her bags and accessories sold out. sales were up 31%. tennessee á where passengers on an american airlines flight from los angeles are sitting on >>> we've got breaking news out of nashville, te american airlines flight out of los angeles are sitting on the runway under quarantine. mike huckabee is on the plane, he's been tweeting about what happened. he said someone onboard the red-eye flight became sick. he said, quote, one hour after landing, got to far away gate where american air will hopefully get us off this plane. medical personnel at the gate. hope it's not because i got that straw in california. attempting to be humorous about it. we'll make sure it's not a serious situation. nbc news working on the story to find out what happened. we'll bring you updates as the story is unfolding this morning. >> right now, nbc bay area responds to a san jose family being bugged by debt collectors even though they say they never got a bill to pay. >> chris chmura is here to

kate spade and stewart whitesman.orting better than expected earnings short of analyst expectations there. the coach brand, the strongest comp sales of the group. albeit, short of estimates, thanks to north american strength kate spade comp sales fell, but much less than anticipated some sales leapt from nostalgia after the death of namesake founder kate spade, even though she hadn't been involved with the brand since 2006 home depot beat estimates across the board with its highest sales in history also upping its first-year guidance handily beating estimates. u.s. comps even stronger the best in nine quarters. thanks in part to recovering seasonal sales that were lost in the first quarter from bad weather. things like gardening. i spoke to the ceo on the phone, and she says while only 4% of u.s. homes are turning over that tight fly, affordability is still good on a relative historical basis the 96% that are staying in their homes makes for a really good market for renovating great for home depot interior paint had i

. >>> new information is out on what's happened to kate spade handbag sales in the wake of her death.art of keeping the skies safe means accepting dance challenges from 6 year olds. safety first and flossing. it's wednesday, august 15th. >>> from abc news, this is "world news now." >> can you do it? >> yeah. that was great. people were sneaking through with other stuff that might have been dangerous for the flight. but hey, his floss was on point. >> you know, called priorities, kendis, get them straight. >>> as we do say good morning, everybody on a wednesday. we're going to start this half hour with the white house, former white house aide, omarosa manigault newman saying she won't be bullied. >> this comes after a tweet from president trump. omarosa is now facing legal action. she released a third recording, this time of campaign aides discussing the president's alleged use of the n-word. his own press secretary could not say for sure that trump never uttered the racial slur. here's abc's jonathan karl with the details. >> reporter: president trump's campaign is taking legal action

continue to be good i guess good news for you this morning home depot, and the parent of coach kate spadeup 2 1/2 seniors same-store sales raised guidance profit soars this is like last quarter comparing lowe's to home depot, home depot showed a it could surpass estimates in its own way lowe's didn't do exactly that, so there was a disparity between competitor we have untimely death of kate spade in apparent suicide everybody started buying kate spadebags better than expected only dropped 3% you saw kate spade help overall that is the good news there, and then big picture traders are looking for, of course, turkey in mind expecting not as much trading for summer and watch for u.s. hearings trade talks fomc minutes next week. >> trying to get details on italian bridge collapse at least 10 lives could be many, many more we are told us from italian press many are missing a number of buildings homes cars trucks that were beneath that when all this happened we will keep you posted on that and more after this. health and fitness is a big part of my life. for 14 years, i played professional foot

tapestry also trading higher helped bynd brands like coach and kate spade square moving up by 2% here out of knew mora says cash app exceed be venn mow. and marriott getting an upgrade at raymond james to outperform analysts say the selloff in shares post earnings are a good sign despite concerns about slowing sales. can it outweigh or over shadow the international concerns around turkey n. less that two hours the u.s. national reserve releases household debt. that could present more evidence on the health of market consumer >> let's get to the bond pits. rick santelli at the cme having already brought us interesting import/export prices. >> year over year numbers on import prices moving higher. if i look at the yield curve we see that two year notes are up one basis point. most of the other maturities are awfully close to unchanged keep in mind if you have been watching the intraday trade since all the market turmoil ensued at the end of the last week we are now closer to 290. rates really are firming they are just not doing it in an an aggressive way. they have given up the flight t

largely this is being driven by a recovery in kate spade you're seeing same store sales not as bad i like this story. i like to continue >> green light can't get out of their own way. they had this one, joe, then dumped it. before this you know, nice spike you're getting here. so if they had any luck, it would be bad, judge, because they can't do anything back. >> the ceo is going to be on tonight with jim cramer. an exclusive interview victor luis. yum china shares are hire on investment firms are exploring a buyout of the company. >> they must have been talking with elon musk actually, it would be the largest chinese takeover in history. if indeed it does happen the stock was close to $47 a share earlier this year. traded down to 32. it's only a couple of bucks off of that. so it's decent >> really nice move for advanced auto parts, aap. >> yeah, it is here's what i don't understand in 2012, the company came out with a buyback of 500 million. you know what's left 415 million and they come with another buyout of 600 million. i'm a little worried about that. why would you buy a stock

and as we remember the lives of anthony bourdain and kate spade, both lost to suicide. dr.the predominant thought was i need to be -- i need to be dead. i don't want to be here. and that's for as far back as i ever remember. >> reporter: major depressive order, post traumatic stress. allen ferguson was 18 when he was first diagnosed. over 35 years, he tried just about all the medications modern medicine had to offer. did they work at all? >> no. i can say that now. >> allen picked a day he wanted to die, quit his job, gave away his dog zeke, and had a final phone call with loved ones. but almost as an after thought, his psychiatrist asked if he would consider an anesthetic medication known as a ketamine. >> i wasn't worried about trying something i never tried before. i was worried about trying something else that wasn't going to work. >> ketamine is widely thought of as a club drug, a dating rape drug. but at several hundred centers around the country, doctors have been using it off label to help patients at real risk of dying from suicide. some have even referred to it as

that has not been the issue for companies like tapestry which sells luxury brands like kate spade ands thatr issue was they became too ubiquitous. they were on sale for 40% off all the time. that did not feel luxurious, and they were in a dumpy department store location. their new ceo has pumped the brakes on that and has really restored the brand cachet. we are seeing that showing up in the results and i expect we will see the next week. looked a friday and foot locker into the inventory turnover ratio which is really creeping up at a brisk pace. i wonder what you make of the inventory turnover. are there any concerns of the fly chain issues and iteris from china or is that not a concern? sarah: i don't think that is a concern yet. .t could be in the future it has been a tough market for basketball sneakers which had -- theird-and-butter bread and butter. we are more moving toward a casual look like skater sneakers. what we are looking for is did foot locker get the right inventory in the style, where the able to establish themselves as a destination for those and bring in the right

hitha, retail sales numbers, advance auto parts stock went through the roof, tapestry, kate spade, stock had a huge day. home depot was down a little bit, that's not unusual. but the interims, again, were phenomenal -- internals. higher traffic, higher average selling price. everything you would want in an environment where people are saying that brick and mortar is dead. >> average price with home depot was $66, and sales went up 6.8%. we're talking people are reinvesting in their homes. this is just an example of what people are doing and how people are feeling better about the economy. also you were talking about this wealth study that came out. we're talking about the high earners, but what's really interesting too is that they also focused in this study on the henrys, the high earners not rich yet. these are the 26-year-old millennials -- charles: this is your crew. >> yes, exactly. that is my crew. [laughter] these are the people that are going to start invest anything the stock market. in fact, millennials are pulling more of their cash out to go into the stock market because they

comparable sales at coach grew 2% comps fell 3% at kate spade.n the 7% did kle decline analysts were expecting. there's no comp breakdown for the much smaller stewart weissman, but expectations fell short. much smaller than the other two brands >> what do we have coming up later this week? >> walmart's the big win macy's tomorrow but walmart on thursday that, of course, is the biggie always is. >> home depot, it's a retailer buzz it's a home improvement >> it is a home improvement retailer but it's an important economic indicator. >> it is but is it retail >> it is even on a day like black friday, there's a lot of searchings that come up in the google search for home depot black friday. if you need a washing machine, that's the day to do it. it can be an important retailer. >> i'm going to try that this year >> what? >> honey, i got you something great. a new washing machine. >> i thought you were going to take her shopping online >> no. buying a washer and drier. not a good idea. >> i would take a kitchen remodel. don't knock it >> tiffany, cart

and then -- >> are they all importing goods from china >> coach and kate spade less than five percente upswing. >> my process of your answer you have made the pie like a one bite pie. >> it's not as small as you think. there are a lot of companies who diversified into different parts of asia. they can send that production from china to other countries and then shift to indonesia to the u.s. there are ways the companies can deal with the situation. >> who else doesn't have china >> if you look at a name like skechers they have a small percentage of their business that is imported to the u.s. from china. the valuation is low, the fundamentals are getting better. maybe that is a stock you can sell. a lot of the market is afraid of the stocks like lululemon. a stock like skechers or tapestry seems more reasonable given fundamentals are getting better. >> is that how you are looking at retail? >> i think garpier global brands are a place to be. global brands versus domestic retailers who are sort of at the mercy of whatever the tariff structure will be. i think global brands have more oppo

>> i watched the documentary about how heealt with mental issues and kate spade, and then anthony bourdainsaid success is not immune to depression. >> have you ever felt a sen of fear that your own depression o issues could take you to that dark of a place? >> i think those thoughts and bad thoughts can ctoep our head, and your mind can play tricks on you. and that's scary. so i think it's a never-endioc s. and i know you know, you don't have all the answers. i certainly don't. >> there's a big bucket we talked about, mental health. we lob a lot of things in there, anxiety, depression, bipolar, suicide. i would love to know how you think about all of those things being discussed, because i think society looks at it and goes you're 'scrazy. th the word. no one wants to be considered crazy. >> from my experience and in talking to other players that have dealt with a numr of ose things, what's going to happen if people do find out about this. am i goingo get the contract, am i able to take care of my family? >> what c teachers, coaches, leaders in the community do to help young boys iic paar.

sales loading all four to up their forecast tapestry was mixed coach comparable sales were in line kate spadeared but they issued mixed to light guidance j.c. penney disappointed across the board, missing on all estimates and pointed to higher than expected discounting after merchandise failed to register with shoppers. the retail etf is flat for the week macy's shares, for example, had gained 36% in the three months since the last report. then shed 16% on the strong quarter on what most call profit taking walmart shares were up just 5% from the last report and then they gained more than 9% after the strong quarter. next week, though, there's more. we've got kohl's coming on tuesday. tgx and urban outfitters the same day wednesday, target, lowe's, williams sonoma and l brands then thursday the children's place, ross stores and gap footlock er is on friday. >> let's bring in a couple of analysts to talk more about this brandon fletcher and katherine hopkins is women wear's daily financial editor thank you both for being here today. brandon, why don't we talk about the winners and losers we've

and a strong demanding for kate spade bags we hear that stock so up nearly 8%. right back to tesla. the board will form a special committee to work on paying the company private. all of these tweets dr all of the headlines -- are a lot to deal with if you're a share hold earl. aren't they? but look stock is still at 355. >> but if numbers 420 that's telling us something if musk if everyone believed that musk had 420 on the hook why we be closer to 420? there are still serious legal problems about funding secures to rear their ugly head here. >> i wouldn't touch it within a ten foot pole? >> i think this is something to come back to bite elon musk i don't think stock is being bought at 420 whining you put something out to the public when you're insider or company, you have regulators that you have to answer to. >> that story is not over. not over by a long shot. how about ho bitcoin overmight it dropped below 6,000 dollars it is recovered a 6, 00 right now all of the cryptos are way, way down. your clients ask you about investments? >> last when it was up over 20