but if ralph lauren holds 125, it is going up another 20 bucks. wait a couple of days and see if that happens having said that, when i look at royal caribbean, i switch gears, tim likes the banks, i like the names that have pre-pandemic level bookings rcl down 47% from prepandemic. norwegianage cruise line down 60% from pre-pandemic. delta down 38% all of them, what do they have in common? they are busting out in bookings way ahead of where it was pre-pandemic so look for the bargain basement prices there is money thrown at the retail space, people who live through this hundred year pandemic, basically want to get out there and spend money. i think we're still okay in the market and in retail >> i mean, there are plenty of ways to spend money and it doesn't have to just be on a sweater or a pair of shoes, tim. >> although, i mean, dan loves a good sweater >> and a good vest i'm sure you're restocking your vest collection as we speak in order to get out there >> we talk about inflation and we spend a lot of time talking about inflation in the last

vf, ralph lauren, levi's contour.nd brands are going to win going forward and they're going to win during this period where everybody goes back to work and everybody goes back to school and everybody needs clothes and everybody starts to travel the brands are going to win. higher end is probably better. capri and tapestry probably better and denim will be hot as heck. contour and levi's should be great. i'm going to pick the category the category is strong brands to return to work and school. >> all right very, very good. a quick programming note the ceo of tapestry will be on "closing bell" later to talk about the return of the luxury consumer an exclusive interview we have to mention the term of the day which is furry annuity before we go here. we're talking about petco which also had robust earnings for the second quarter the shares rebounded after dipping in the red the ceo was on "squawk box" and said 10 million pets came into households last year and he calls this the furry annuity saying it will play out for ye

. >> ralph lauren?what is cacada i got cheery. >> just get a warning. in "double jeopardy" got to do it. >> i got jittery. the ceo managed to get out of the low end. really into high end no more football youngkin have seen his stuff go down to marshall's, t.j. maxx, no kohl's only in high-end simon property malls does well i got to hand it to him. ralph lauren historically is exact, and levet met the standards of ralph, executive chairman and creative director it's a remarkable -- duo, and i just think that this thing can go much higher up five yesterday. >> ahead of the print. >> ahead of the print. >> and you think it can go much higher simply base and the exec execution? >> new strategy. doing incredibly well. i'm a purple label guy, but all high-end brands now. that was a premierization, and tiktok, huge number of customers. >> really? >> spiritual opium, tiktok. >> owned by bytedance, incredibly large private company. >> right rich people. >> with some large u.s.-based invetters. >> ga. >> yes >> w

ralph lauren also in fashion at this hour with investors the luxury apparel maker raising its forecastrs flock back to the brand at a faster than anticipated rate, so, the stock is moving at a faster than anticipated rate up 6.5% and then joining ralph lauren and the s&p winners circle at this hour, under armour, the at hleisure wear maker lifting its forecast after confirming that customers are shelling out full price workout clothes at an increasing rate. shares up 7.5%. from exercise wear to back-to-school clothes according to the national retail federation, you ready for this? total back-to-school spending this year is expected to reach a record $37.1 billion, but how do inflation and supply chain issues impact the equation and which stocks right be poised to profit either way? to the willowbrook wall in wayne , new jersey and lydia hu take it away. reporter: hey, liz, you know, families are expected to spend about $59 more this year on back-to-school supplies than they did last year that's going to bring the average household spending up to almost $850 an all-time high, since the

this time they will have a white jacket designed by ralph lauren. what do you think? >> very stylish. carry winger will carry the american flag. she's retiring after the tokyo games. >> want to watch that closing ceremony live? it will be streamed on peacock. it starts at 4:00 a.m. you can also catch it right here on nbc bay area tomorrow at 5:00 p.m. >> okay. let's talk about the smoke that raj was talking about. you could smell it. our air quality isn't so great. smoke is lingering over the bay area. it is starting to get a little clearer tonight. on the left, a time lapse of our camera around sunset today. on the right, what it looked like at the same time yesterday. a lot of smoke is in our air coming from the dixie fire. and take a look at the air quality up there. the sky was orange. tonight the fire is picking back up. rob is here to talk about the air quality. we did get a little relief in some areas. but up there where they are fighting the dixie fire, it has been tough, very tough for firefighters. >> that's what aqi of 400 looks like. that's all the way up

you are seeing some of these stories like ralph lauren and under armour distinguish themselves through the execution and measures they put in place, more targeted marketing and brand elevation during the crisis. >> nice move there for ralph lauren, even better still for victoria's secret. up 30% time for a cnbc news update with rahel solomon. >> here is what's happening at this hour. an officer was stabbed to death after an incident just outside the pentagon officials say that a suspect was also shot by law enforcement and died on the scene. the pentagon was briefly placed on lockdown after shots were fired near an entrance to the building >>> another investigation into new york governor andrew cuomo the district attorney's office of albany county says it has an ongoing criminal probe into conduct by the governor. earlier today, new york's attorney general released a report saying that cuomo had sexually assaulted at least 11 women, cuomo denies the allegations. >>> the golf of oman, six oil tankers losing control around the same time earlier today. it means a vessel has lost power, bu

. >>> it is time for today's power movers ralph lauren climbed 7% beating earnings and revenue estimates sales jumping 182% you probably won't see numbers like that forever or maybe not again. finally planet fitness lower today despite getting an upgrade from stifel. the stock was down 3%, now down 2% and 7% for the year. for more on this call and other top analyst calls of the day, go to cnbc.com/pro. >>> all right. now let's get over to the bond market and rick santelli who is tracking the action at the cme >> good afternoon. year to date, ten-year gives us all the information you need we're looking at a fresh six-month low yield close. the same could be said for bund yields, and a july 1st start for 30-year you'll find a fly in the ointment going back to a comp for 30-year, it closed at 182 mid-july and currently at 185. we want to pay attention to the 30-year maybe the closest because if we do challenge that 182, despite ten years leading the way down, that should give a whole lot more energy to the buying that has been pushing yields down despitefactory ordee goods, proxy for busine

what's your favorite >> i still like a great ralph lauren suit. >> so you don't order those online >> not be as many orders online maybe it makes sense for macy's. >> my question for steve, if the money is moving back into clothing and people are still buying at home depot, if you believe that, does that mean they are buying less tech. there was a whole period where people were saying i'm not buying fashion, i'm buying a phone. what do you think? >> i think -- the way this tech stuff works. it's kind of cyclical, right you come out with a new iphone and the electronics portion of retail surges up people bought a lot of tech for their home they maybe had some threadbare clothing they were wearing it was time to replace some of that stuff services is the bulk of spending by consumers i know we've got to wrap here but i'm on a rant. we know what happened there why the retail report shares fell. there was a shift in services. i'm not worried are people not going to macy's or buy from amazon it is are they not going to restaurants or concerts and that whole service sector thing that was do

variant is rearing their heads out there that make people want to stay home you look at certainly ralph laurenverage prices are up 17% on top of 25% last year because they're charging more money and revenue base is lower but their profits are through the roof so all of these apparel brands including the teen guys, abercrombie and american eagle, the teenager let us out of this and they will continue to lead us through the holiday so talk about higher margins and lower revenue base. >> might see door buster specials next friday why not. let's get it started early stacy, a pleasure. thank you very much. and that will to do it >>> what a night ahead at the olympics american leading the medal count but looking for more golden moments. i'm shepard smith. this is the news on cnbc >> team usa basketball, the men and women go for gold and alisyn felix with a chance to become the most decorated track and field olympian ever >> i feel like myself again and it's beena battle to get

this time it's this white coat designed by ralph lauren. track and field star cara winger will carry the american flag she's made it to four straight olympics and is retiring after the tokyo games. catch the closing ceremony on nbc bay area tonight at 5:00. >>> we have developing news this morning, thousands of homes remain at risk as the dixie fire continues to grow at a rapid pace. it has scorched more than 447,000 acres making it the largest wildfire currently burning in the country. containment is at 21%. on friday, a judge ordered pg&e to explain its role in ignites the dixie fire and drone operations conducted the day the dixie fire started. more than 180 homes and businesses in the gold rush town of greenville have been destroyed, including the home of the plumas county sheriff. >> we realized it's going to come through the middle of town, so we went farther down the road and pushed farther out of town and eventually we just all realized that the town was going to be pretty much decimated. >> governor governor newsom toured the after

lululemon for comfortable workout clothes to wear stuck at home check out the casual wear from ralph lauren selling out right now, just beginning to take off thanks to the hybrid workplace i love the numbers looks like they have the fullest catalogue for people who want to order merchandise directly rather than buying from a department store, although i will get purple label at the department store domino's became the dominant restaurant chain during lockdown it has its own delivery system, doesn't crush profitability. lately the stock is soaring because they put up incredible numbers even during the reopening. they win either way. but they might learn more in the pseudo lockdown scenario that forces more competitors out of business then there's apple apple did incredibly well during the height of covid, talking about buy now, pay later with the firm today but that's not what is going on right now it did that because remote work gave them a back door into the lucrative enterprise cloud ware business for ages apple computers were far more popular with consumers than corporations. with the ex

look at the your number one stock is gartner, ralph lauren, pioneer, under armour, mow dern, advancedro devices. that is all over the place. 10 of 11 sectors are up. what do you consider quality in this environment? >> when i look at quality i've been beating the table all year on energy. so now like when i'm looking at energy, instead of the more smaller speculative plays i would like at exxon, chevron for the right investor. i feel like dividend yields are safe. cash flow will be extraordinary. i expect buybacks to continue to increase. the other thing we've added some real estate holdings to the portfolio. it is crystal clear rents will be going up over the next 12 months. even though we see a slowdown in gdp it, doesn't mean it will not be good for investors. you have to be in the right sectors and know to pivot from some higher beta plays to some more, maybe more conservative boring calls like i've just made here. so it is not a recession. it's a slowdown and there is a distinct difference. charles: if you're making money it is not boring, okay? let's get that straight. let's tal

i see ralph lauren there again. nasdaq winners what have we got there, please?i know. i don't know the rest of them. susan: that is interesting for a tech-heavy index, looking dollar tree up there. we saw nvidia got a price target upgrade this morning. stuart: yield on the 10-year treasury coming way down. that would normally help the big tech stocks, not today apparently. other companies on the nasdaq are gaining more ground. susan: we're still at 1.16 for treasury yield. stuart: a low, i tell you. pepsi up 1/3 of 1%. they're selling tropicana, naked juice and other juice brands. they're selling them. susan: they're selling them. stuart: why? susan: it is not popular to drink that much sugar, right? $3.3 billion sales to the private equity group pui. juice sales dropped 20% according to one analysis. stuart: really? susan: really sugary. do you look look at the carbs? i don't know if you look when you eat or drink anything. people were stuck ad home. they're eating breakfast at home. they wanted more comfort food but overall if you look the over all trend is do

in greenwich we're opening a restaurant concept in the old ralph lauren mansion. >> does it actuallyt it also is how else can we serve customers. >> they just made -- and retail is thinking the same way i think, you now hbc, our parent company, is asking ourselves how to evolve. >> i guess, amy, the obvious question for the potential critic is to ask whether this is because the stores are too empty, and there's a level of desperation of needing to do something with what is otherwise quite expensive real estate. is there any truth to that line of questioning >> if you look at the reports, and i think they're true, hbc is actually hitting it out of the ballpark saks fifth avenue, and the bay we have evolved into an arena with a strong e-commerce business but i think at saksworks, you can about he in our stores, but come, eat, dine, have a glass of wine, work, all the different things it's tale real estate to the next evolution >> so who do you expect to be the customers for this what are you seeing? >> it's really interesting we keep talking about the fact we have work, we're remote, w

tesla, ralph lauren in there the laggards include target, which is interesting because it's been a stellarave been a couple other valuation calls in retail specifically regarding e.l. >>> to meg, she has the latest on the rising cases of the delta variant. good morning. >> if you look at where we are with the delta variant compared with just the beginning of july, it's really striking to see how the numbers have risen daily cases now averaging more than 72,000. that's up more than 400% since july 1st people going into the hospital more than 6,000 a day. that is also up dramatically since the beginning of the month and deaths are also up 40% more than 300 people dying of covid every day now here in the country. now, the infection rates across the country are spreading. you are seeing a lot more counties in that high and substantial transmission that's the red and the orange there, which are, of course, subject to the cdc's new masking guidance this is increasing you can see 60% of counties in high transmission, 20% it, it's very similar to the wave it seems to be coming down in that part of

. >> check things with shares of ralph lauren right now higher. happening with the crypto universe, you can see right now. bitcoin prices touching about a one-week low 38,412 roughly now the 200-day average price and end custom merrily do top ticker searches on cnbc from yesterday. ten-year note yield up on top of the list ge shares, apple, tesla, robinhood among the top ten as well, guys back over to you. >> all right we got to go no final check "squawk on the street"'s up right now. >>> this is "squawk on the street." let's meet today's contestants. a television anchor and music and film aficionado from denver, colorado, carl quintanilla a restaurateur from philadelphia, pennsylvania, jim cramer. and, our returning champion, and award-winning journalist from queens, new york, david faber. and now, here is your opening bell countdown on cnbc.

s&p winter, microchip tag, polo, ralph lauren, under armour, under armour inc.microchip tech i'm a tesla is up 3.7% now at $712 a share. that's a pretty good performance. susan: a lot of high-tech high growth stocks i don't know. we talked about that a lot but you are down to 121 on the 10 year end that's clearly helping big tax. susan: and all that chip stocks with the global ship shortage. stuart: and you have maybe an infrastructure deal. susan: broadband, good point. stuart: next, goldman sachs, the very latest bank to raise pay for junior bankers. everyone is making more than six figures, so i don't know what you will say. stuart: fresh out of college, you land a job with goldman sachs and juergen to make a hundred thousand dollars. susan: under $10,000 for first year analyst, second-year $125,000 any move up to the associate level in your pay is boosted to $102,000 a. stuart: do i still have to work 24 hours a day? susan: now, you get saturdays off. isn't that generous? still doing 100 hour weeks, but if you compare it to morgan stanley, everyone on wall s