a store owner we should feel no sympathy for is lululemon.s in my post the other day, lululemon i saw in this city being robbed in front of me and asked the store staff why they could not do anything. they said, we were told not to confront shoplifters. months later two female employees called police because there were people robbing the store for the tenth time that month. what happened? lululemon fired the two female employees for calling the police. when lululemon in philadelphia was ransacked and looted, it is companies like that that bring it upon themselves. companies have decided everyday theft is acceptable in this country. they put that expense on the customer and inflate the price of their products yet again. those companies have to be called out, they are making a wreck of our cities. >> or they are leaving big cities. maybe meatball will be mayor of philadelphia at some point. >> i hope not. she is marginalizing real problems when she's shouting everyone has got to eat. we can talk about food security, but to shout that as this is

a lot of colleagues wear lululemon. bertha coombs, see you later on. >>> turning attention now to washington, d.c. and house republicans getting back to work to try to unify and elect a new house speaker. brie jackson joins me now. brie, it was two weeks since kevin mccarthy was sent packing. >> frank, congress starts another week without an elected peeker in the house. they are expected to hold meetings on capitol hill tonight. we could see a vote for house speaker on tuesday according to the house democratic who says republicans are planning to hold the election tomorrow at noon. however, it is still unclear if the gop nominee jim jordan has rallied enough support to get the 217 votes he needs to secure the job. when he was nominated on friday, more than 50 members of his party said that they would not support him. house minority leader hakeem jeffries said talks have been going on to find bipartisan solution debates to the speaker fight. he says democrats want to see rule changes in the house as part of the potential

the arrests of eight suspects in a retail theft ring at this lululemon store in walnut creek uncovereds that started earlier in the month when police say thieves targeted two lululemon stores in napa and santa rosa taking 10,000 in merchandise from. each. >> their network of loss prevention agents will communicate that out to include photographs and general descriptions. >> that's what broadway plaza shopping center officers and store employees had to work with last thursday afternoon. the north bay suspects showed up at the store in walnut creek. police say these retail theft susp

one is lululemon and the other is apple store. i'm there.ing up, today's surge is not enough to move defending champ ryan reynolds up in their standards. but wwe charlotte flare remains in first place by a mile up more than 50% this season thanks to her nvidia and meta. they are the best two stock performers in the whole thing. and she picked both. >> and she is team wooooo. is that the -- >> her dad, yeah. >> okay. and coming up, stone cold reality, concrete is one of the most common substances on earth used in nearly every structure on the planet. but also one of the biggest 'llprits for carbon emissions. wel highlight? st some startups looking to change that. the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence.

certainly lululemon was successful in terms of going from women's into men's.an make a great product and a great category and show innovation including seaweed, we feel we can win in the market. we have an incredible development product team. i also think we have a unique take in the market with our focus on mental health and what we call mental fitness. it's about building and outfitting a holistic life in active performance lifestyle. we've got some great product for women that we are excited to bring to market. matt: if i want to buy your gear for the tennis court or maybe pickle ball as well. does that mean you going to other sports? could you go into casual office where? >> we started all activewear. we partnered with equinox in peloton and those kinds of studios. now some of our best selling products are commuter products. i'm wearing a full commuter suit and there is a commuter treasure to prove you can do anything. iran in the london marathon inner dresher last year. you never need to take it to the drycleaner. it really is the next generation of produc

you don't need to feed your family with an ipad over lululemon. is organized crime, these stores cost millions of dollars to build in case of target and walmart over $10 million just up at the store there this is not a small consequence for the community or resellers or anyone within the ten commandments thou shall not steal. maria: before you go that beget your sense of where we are in the macro story consumer spending we are a week and a half from third quarter reported earnings we will see what businesses have to say about what they think about the fourth quarter in 2024. how does the holiday look to you and what you see in terms of consumer spending right now. >> i've known you a long time and you know i'm an optimist, having said that were headed towards a difficult holiday season. when you strip out inflation, retail sales of physical products and things have been negative for 11 straight months. i expect that to continue, people say the consumer is healthy but i don't know what they're talking about they point to the services number. most o

the arrests of eight suspects in a retail theft ring at this lululemon store in walnut creek uncovered a chain of events that started earlier in the month when police say thieves targeted two lululemon stores in napa and santa rosa taking 10,000 in merchandise from. each. >> their network of loss prevention agents will communicate that out to include photographs and general descriptions. >> that's what broadway plaza shopping center officers and store employees had to work with last thursday afternoon. the north bay suspects showed up at the store in walnut creek. police say these retail theft suspects are bold, taking 3 to $4000 worth of merchandise up to the counter in the hopes of getting a gift card or cash. >> in this case, they were stalled and then our officers moved in and detained them and then subsequently arrested them. >> two were arrested in the store, two more arrested in a waiting car with an additional $13,000 in stolen merchandise. then just two days later, four or more suspects stormed the same lululemon store in walnut creek. >> they go in, they grab as much as they

then just two days later, four more suspects stormed the same lululemon store in walnut creek. >> they go in, they grab as much as they can, and then and then they leave. and the officers that responded responded quickly and were able to detain those individuals and subsequently arrest them. >> the police department's doing a great job of saying, yes, a crime occurred, but arrest was made so that the communication out to the world is if you come to walnut creek, the to commit a crime, you're going to get arrest. and it was nearly two years ago that a gang of thieves took over the nordstrom store in walnut creek, the street through broadway plaza was blocked to traffic after that as it reopened uh- this fall, suspects crashed a car into a new louis vuitton store and stole merchandise. >> so the street is now re barricaded. >> that will be closed throughout the holiday season. in in addition to that we are up staffing considerably for the holiday season to include food. a lot more police officers police say the da is adamant on pressing charges in cases of organized retail thefts in waln

th means there's a space for lulu, why is lululemon jumping so much, any funds or fund manager humanp 500 or mears is 500 has to add lululemon c to its stocks, we se the exit says lulu will be added to the index on wednesday. ahead of you have a lot of people buying up the stock to add to their funds microsoft, linkedin says the delay of 660 employees across the engineering talent and finance team due to slowing revenue growth. this is the second round of job cuts this year for the social media network for professionals. microsoft moving higher by 1.70%. pfizer trading pretty helpfully of 3.7% at this hour after the drugmaker/the full year revenue forecast by $9, here's what's interesting it's not very good news. the companies i didn't drop a man for the covid treatment and vaccine despite the guidance cut jeffries upgrading pfizer pain this is an attractive buying opportunity. let's look at the other vaccine makers moderna not in biontech moderna down 6% yet biontech down 6.6%, instacart that has been a rough one since the public, it's not seen investor despite brokerages which work

in the afternoon. >> police say for thieves smashed the front door of this lululemon in broadway plaza and took $10,000 worth of merchandise. police later arresting 8 people involved and recovered all of that merchandise a few hours later around 09:30pm. police say 2 people were robbed at gunpoint after leaving dinner in the same area. the robbery happened near the intersection of otello drive and locust street effects with traffic. >> and after we have and everybody that came into the store was talking about it. >> and making headlines only 3 weeks ago, the louis baton location at the plaza was hit after 15 people broke into the shop driving a land rover through the window to get inside, stealing thousands of dollars worth of merchandise employees at the plaza. more mindful after dark. you're careful and walking to your car. you're careful. anyone with information about the armed robbery that happened right off of locust street urged to contact walnut creek police. police say they're looking for 2 men. >> who got away in a white sedan reporting live to justice. back to you. all right,

lululemon, that's going into the s&p 500 soon.never you get that kind of move into a new index the stock goes up and near 9.5% gain and ross stores and et cetera. the 10-year treasury yield going up and interesting, the yield is up to 471 and so's the stock market. normally when that yield goes up, stocks come down, especially the nasdaq. that's not happening today. the price of gold, where's that today? it is down $7, 1934. where's bitcoin? around 28,000 last time we checked, 28,000 and very small change. the story, the price of oil. this is why the market is up today and this is why this is oil is down and america has said venezuela would be easing the sanctions so you can send more oil to the united states and that's an extraordinary story if you think about it and president bind ended america's energy independence on day one of administration and cut supply of oil from domestic producers and now we're begging the venezuelas, which is a socialist dictatorship, which has ruined it is country and it is people, we're begging them

walnut creek police say the suspects are accused of thefts in lululemon stores in santa rosa and napaide a lululemon store at broadway plaza in walnut creek. more than 10,000 dollars in stolen goods were recovered from their cars. the group was booked into the martinez detention facility. facing a number of charges. >>> take you back out live to san jose this morning where nully elected mayor matt mahan will hold his first state of the city address later today. the mayor is expected to address his accomplishments since he took off eight months ago. he also hit the streets yesterday with a crew from beautify sj. he says that cleaning up the streets tie-ins with another campaign issue of his, reducing the number of unhoused people. mahan is expected to talk solutions to the many problems plaguing the city. among those, homelessness, crime, business vacancies and economic investment. the state of the city address is at 1:00 this afternoon at san jose city college. you can get tickets to watch in-person online. >> 7:30 right now. still to come, bad bunny fans listening up. the superstar s

one stock that is getting a lot of attention on wall street is lululemon. it will be the new addition to the s&p 500, replacing activision blizzard. that is up 10%. also, you are tracking some of the guidance from drug players like moderna, which is up 5%. some of that strife ties back to pfizer. more on that later. matt: interesting staff. -- stuff. i also want to point out that the israeli currency is reconvened -- weakening. as it times, that means the shekel is getting weaker and weaker. you can buy more of them and it has just crossed the threshold of four per dollar. it has lost more than 3% as he crisis in the middle east continues to escalate. this is worth watching. i think the world is doing just that. jon: yes. and we have been covering it here at our in partnership with other colleagues. adrian global has been reporting from tel aviv. he joins us now. looking at what the market's have been trying to assess, this idea of further diplomatic efforts, including from the u.s. secretary of state, to avoid the war from spreading, where do things stand

and lululemon stretching more than 10%. that's good. more than 10% to its highest level since 2021.retailer gets ready to join the s&p on wednesday. tim, your thoughts on lulu? >> i'm short the name, so i didn't love this move this is a move that clearly is a technical move. it doesn't change the valuation, people are rallying the stock on the peloton move, which i don't think moves the needle. i don't see the dynamics in lulu's discretionary. >> great company, nice growth. >> let's see what it does here, a breakout pass tells you something to watch out for. >> lululemon, when i go to the malls, there are two stores that are always crowded, app and will lulu. >> what mall do you go to, do you want to dox yourself? >> what's your go to? >> i don't go to the food courts. >> sbarro? >> no, i don't go to food courts. everybody go to kava? >> that company went public. it's pretty good. >> moving on, earnings. >> you're learning a lot today. you know, i don't snap. i go to kava. >> the ferrari. >> earnings season, i pay cash for my ferraris, earnings season ramping up with 11% of the s&p

fact, just last week, lululemon was taken for thousands of dollars. able to quickly catch the suspects involved in that case. but that wasn't the situation. that wasn't the case in other instances. fact, a few hours after the lululemon incident, police say that 2 people robbed couple at gunpoint after leaving dinner on locust street and botelho drive. and then 3 weeks ago, the louis baton location there, broadway plaza made headlines after 15 people drove a car through the window to get inside and then they stole thousands of dollars worth of merchandise. we talk some of the employees there, broadway plaza and they say this has gotten pretty worried. you're careful. >> and walking to your car, you're careful effects with traffic. and after we have and everybody that came into the store was talking about it. >> yeah. if you have any information about that armed robbery that happened on locust street, you're urged to contact walnut creek police. they say they're looking for 2 men. don't have much of a description. they were seen speeding off in what was

piper sandler mixed for lululemon, which surprised me.ber three spot in the overall apparel category, but lost a bit of share, down 30 basis points from the spring. i think the numbers still look pretty good for lulu. number one for upper income girls. now the continued ascent of this xian, all over the report, on multiple lists of favored brands destinations for teen girls. shein and another e-commerce platform, the pde owned ta'amu are becoming a powerful force in online shopping. they deserve more attention than i can give them here. they're taking share and taking names. now there were also some very negative stories in footwear and apparel, and i'm not saying negative, i mean real negative. the first one starts with vf corp. this is painful. their once beloved vans fell from one spot to the fifth most favored footwear brand. it's really troubled with 150 basis point decline from the spring, 350 basis point decline from the fall 2022 survey. fsc also owns the north face which fell from number 6 to 8 in athletic apparel for rich teens.

the suspects are accused of thefts at lululemon stores in santa rosa and napa. alleged culprits were caught wednesday afternoon. more than $10,000 in stolen goods were recovered from their cars. the group was booked into the detention facility where they are facing a number of charges tonight. >>> breaking into a cigar store. the burglary happened early yesterday morning at the cigar land on easton avenue. police say around four to six people wrapped that chain around the store's security fence and then you saw right there they used a car to rip it off along with most of the store front. once inside the burglars focused on one item, cigarettes. the owner said they stole tens of thousands of dollars worth of merchandise. >> especially with that economy, it's a bad economy and you work hard to do something for your family. but someone, like a bunch of kids will come in and destroy everything. >> reporter: police are now investigating and people have also been sharing this story on social media. the store owner says he has been touched by all the support. >>> a ral

also , the images of the robberies at the lululemon store on walnut street in rittenhouse were captured philadelphia police managed to arrest some of the looters when they left the building. also in in the northern area of ​​the city in port richmond, images of people being arrested in front of a game center were recorded. this center was also targeted for looting and destruction. i emphasize that some sources told us that the police say they have no information to show that the looting and looting were related to the protests in front of the city council . he was accused and protested in front of the city council . hello, here publications. i have been by your side for years, at every point of time and at every moment if you want to receive 600 of the sources of these publications for free , send the number five to 30085 right now. a pattern inspired by the color and pattern of nature (hanjar) with the color and pattern of blue in the single window house of bismillah rahman al rahim. look at the smiling sun, say hello to tomorrow, hello to the future, look at the sun on the day of pilg

the lululemon in broadway plaza taking around $10,000 worth of merchandise. those 4 were later caught and all of that merchandise was recovered. but then just a few hours later around 09:30pm, 2 people were robbed at gunpoint after having dinner robbery happening near the intersection of botelho drive and locust street in broadway plaza. police say they are looking for 2 men who took off in a white sedan. no injuries were reported, but police are asking anyone with any information about these robberies. give them a call. new at 10 rather new at 11, the town of youngsville has lifted a mandatory order for residents to boil water before consumption. the issue was ordered friday after e-coli was detected and the municipal water supply time and state officials saying today that the local water supply met mandated testing requirements for negative results. the state water resources control board approved the use of town water. but this marks the second time this year that the town had to boil water because of e-coli. all right. let's take a look now at your 4 zone

just last week he said investigators recently recovered $71,000 worth of stolen goods from lululemons secret, all being sold on mission street. now city workers are fearing for their lives when asking vendors for permits, with some being subject to verbal and physical attacks. >> yes, we've done operations. we've we've arrested some fencers. you know, people that are is what they do. they buy stolen goods for very little money and then they sell it on the on the you know, the black market, if you will, along with other city leaders. >> chief scott blames a 2018 state law that they say basically decriminalized street vending for some of the recent problems with stolen goods. now, supervisor ronan's office says they are working on finding an alternative indoor space for permanent vendors to legally sell their goods. this street vending ban goes into effect at the beginning of next month. live in san francisco, lena howland, abc seven news. >> thank you, lena. new developments. remote public comment during san francisco board of supervisors meetings are now discontinued. our media partn

. >> over lou guy, lululemon lemon, comfy, giving free advertising because you do yoga. know, not flexible. i'm not saying they end of an h r i right. thank thank >> yeah. to me, the jose are advocates coalition wants the city to move forward on applying a percentage for art policy on. >> new developments, 6 city council members had already approved of creating a fee in 2020, but they stepped back in the pandemic. hit advocates say that art and culture grants are essential to improve the downtown area, especially with the tourism bouncing back currently the city set aside one percent of its capital improvement project budget for the installation work. >> lot of kids obviously can't wait to go trick-or-treating tomorrow night but roaming the streets. can come was concerned about whether or not drivers will see them slow down, stop it all organization, 0 fatalities is working to prevent any deadly collisions on the roads and they say it's going to take both drivers, pay attention and pedestrians taking extra steps to be seen. >> you're crossing a in neighborhoods next to l

it's based in canada, lululemon, and we don't usually have s&p 500 companies that are based in other. taiwan semi is not based there. a lot of their operations, obviously, and sales are in the u.s. and this has just -- it's adding to what has been an already stellar performance by lululemon year to date over the last year, especially if you match that up with the competitors, like nike or adidas. they don't have as much of the international macro headwinds. they have faster growth. they're coming from a much lower base. but this stock has serious momentum. look at the comparison chart there. >> exactly. >> that's just this year. >> wow. >> year to date. >> 53-plus billion dollar market value. yeah, $54 billion market value. not that dissimilar, frankly fr from what activision's was more or less. i wasn't here for the final day of microsoft closing that deal. >> kind of anticlimactic. >> i don't know how many words i may have said about that transaction over the 22 months it took to complete it. i'm out of words now. well done, microsoft. what a gauntlet. >> we haven't mentioned amc,

. >>> before head to break, shares of lululemon will replace activision.wednesday before the market opens. >>> when we come back, a new view on the china economy saying the fears of the major downturn could be overblown. we are looking at the latest on the china beige book after the break. >>> you can watch or listen to us live on the cnbc app. this is a beautiful otsh of the capitol on this monday morning. "squawk box" returns after this. with comcast business... it is. is it possible to help keep our online platform safe from cyberthreats? absolutely. can we provide health care virtually anywhere? we can help with that. is it possible to use predictive monitoring to address operations issues? we can help with that, too. with the advanced connectivity and intelligence of global secure networking from comcast business. it's not just possible. it's happening. power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunit

his brand partners include nike and lululemon.you for being here. >> thank you for having me. >> we mentioned manufacturing and tech. what is the hiring environment now? do you expect to hire and do you have it hire at higher wages? >> the hiring environment is strong. head count since january of 2020 is up 28%. you know, we have seen an easing and i think indeed.com published 15% reduction in job listings on the site since the first quarter of 2023. if you picture the labor pool, the talent stagnant, but demand for employees going down is something we see. it is eased for the business sdplbusiness. >> i want to talk wages. medium firms between 50 and 249 workers, the average increase for a retained worker, somebody who stayed, is 6.1%. what do you see for you with the wide employee base? you have software developers and designers. what do you have to pay to keep people? >> there is no question there is an increase of wamgges across t board. tech development or ecommerce part of the business, across the board, we have seen an incr

society that's going to evolve into the need for a different lifestyle, a different apparel and lululemonn, how do you perceive discretionary and do you have it in the higher end with everything else or how would you describe it? >> i agree with joe on this that it is perceived to be higher end and what we're not seeing, scott and what's unusual about this particular cycle is we're all coming on talking about the potential for the consume tore slow and yet higher end retailers, lulu as being a great example of one are not experiencing pressure that you would expect in this cycle because we're not seeing higher income households trade down yet. so, again, you look at the pressure dollar general and with target in the middle of the store. lulu is not experiencing that pressure because higher income consumers are just in a better place. ea yh. all right. quick break. come back. final trades on the other side. >>> we have a big one on "closing bell" today, todd boehly, the eldridge ceo and we'll talk about tech and media and sports and a whole lot more and we'll do it right here. i hope you'l

that puts it in the league with lululemon and nike.u look at crocs or dock martin, they are trading at smaller multiples. investors really believe that this is a brand that will transcend the trend and remain relevant for a long time. it has proven that over the past few decades. it hasn't just been the barbie moment that has made this brand loved by so many consumers. if they can maintain over the long run in a market where consumer sentiment is mixed, that will really be the telltale. matt: the heelys chart looks terrible and is done trading. crocs looks good. i hear they are making cowboy boots now which i struggle to wrap my head around. i think it is paid off well for investors. what are the most important aspects that investors look at when sizing up whether or not to get into it ipo? guest: there are a few table stakes that every ipo needs to show. one is significant growth. companies growing at 30 plus percent. can stock checks this box. birkenstock has shown that their gross operating margins have been proved to 60%. they are

anarchy with mask children, footlocker, lululemon, apple stores, liquor stores. [laughter] >> nuts. country feeling unhinged especially when you see crimes like this taking place. >> [bleep] [bleep] >> what the [bleep] >> all he did wrong was walk. business owners are so fed up the crime to put their profits on the line. they close up shop for the day in a strike about 100, a desperate plea to lawmakers to put more police on the streets. local businesses, restaurants, retailers are struggling not only to keep their doors open and work and customers safe. it is not just mom and top pop shops, cds, i was stunned. they are closing 900 stores by the end of this year, that's 10% of the stores in the country. shoplifting. target announced this week it was shuddering stores all over because of safety concerns so essentially, the same thing. the crime rates through our country goes beyond bottom line and profit margins. it's about you, your safety and your quality of life and most importantly, your money. there's no one better to talk about this topic than the host of making money on foxbus

it was priced quite richly compared to some of its peers like nike and lululemon. fact that it couldn't hold that price and actually felt further throughout the day to close as you said almost down 13%, it was probably priced way too high for these kinds of markets. except changed a lot in the past month, others have come down from their prices. it shows that they're still quite a lot of investor caution on valuations so there's quite a lot of pushback. there's a lot of uncertainty still in the world. we got the conflict in the middle east, u.s. interest rates probably staying higher for longer and that adds to a much more difficult and -- business environment. kriti: birkenstock was under pressure but then you had the saudi ipo do significantly better than expected. in 40 seconds, can you explain the divergence between the two? >> it's actually not better than expected for saudi ipos, it's almost expected they will jump 20%. there's probably a few reasons. there's a lot of pent-up demand in the saudi market, and the middle east has been quite insulated from the tu

if you look at lululemon year to date. >> i want to get your take on the fed. when i talked about retail sales, i thought it would influence the fed. most people think we will see a pause in two weeks in the november meeting. if retail sales are strong means the fed will factor that in with a pause? >> i think the fed factors that in. they he arare factoring in on te and cpi. that will be factored in. one thing that was important for investors to learn or see right now is what happens when we see a change in interest rates and what happens when we see potential recession coming down the pipeline. those are the two big things that i'm looking at with the change of consumer and this is the reading that will show us that and also if we see any change from what the fed's mandate. it has been strong and they are waiting for more data to change or pivot. >> we have to wait and see. delano saporu, thank you so much. >>> we have more to come on "worldwide exchange," and one word that investors have to know today. >>> first u, the one key number you need to watch with b

there to talk about we got to eat.e lo they are looting liquor stores of medical marijuana, cbs, lululemon get the sense that they're talking about juveniles, he say he's looking to protect those between the ages of 18 and 25. he's not following the lot w either because in the state ot pennsylvania the onlaty ones whi are entitled to the juveniletl defender are under the age of 18 . he's creating his own of 18-25.i i panky are good people. dwith two they do, come in and you? at the last thing about all this, most of them have no criminal record or minimal criminal recordor. your right they don't. why? they're only 18 years old and you can't allege they have a criminal record.have you're lyre and you don't know what your job is. if you look carefully at what i going on here to see if it's a h atone-off, there is no way thata is asking for the input of the store storowners or whether or he owned the store or anyone. they are left to clean it up there selves.s. the city isn't helping, every is helping them. i don't care if there in jb, i would put a scarlet letter on them. this is what i used

from nordstrom in los angeles, to lululemon near atlanta. and now an apple store in philadelphia. dozens of high-profile smash-and-grabs have business owners calling for tougher laws. >> i want everybody no know this is not our last protest. >> reporter: this week oakland small businesses went on strike closing their doors for hours. standing in front of a shuttered restaurant, they demanded public officials do more. >> this restaurant survived occupy oakland and the riots. this restaurant survived the pandemic. but this restaurant can't survive crime. >> reporter: the morning after target made the announcement there was a line of cars here, people being turned away from getting into the san francisco target that is closing. it turns out this store and one in new york, they've abruptly changed their store hours. they're going to be now opening later. so already communities are feeling an impact. the stores across the country are not officially supposed to close until october 21st. veronica miracle, cnn, san francisco. >>> meantime, in philadelphia, dozens of people have been aest

we have made arrests at walgreens, dior, lululemon and will continue to do this work so you never know what store you might walk in and something may happen where you may get arrested. to be clear, this is not something that we wanted to push for. because san francisco believes in second chances and opportunities and we will work with you on that, but these lines have been crossed time and time again. our compassion has been taken for weakness, as if anything goes in san francisco. no longer does anything go, despite the lack of tools we need, we are still doing the job. we are still making arrests. we are still following up with our investigations. we are still doing everything we can to bring people to justice to make san francisco a safer city for everybody who lives here and visits here. that is our goal and that is why it is important that when we go to the ballot in march 2024 we need voters to turn out in record numbers to vote for safer sf! [applause] there is so much more i can say about this, but the last thing i will end on is, i grew up in this community and i'm here with p

that's the self-help that we're flagging with the lululemon and nike of the world.help and larger total addressable markets to offset what i think is a tougher macro backdrop over the next six months. >> thank you for joining us, name something names. appreciate it. from jpmorgan. >>> another story in retail this morning, fast fashion giant shein announcing new leadership at the company. former softbank group executive marcelo, he led sprint, will serve as group vice chairman overseeing global growth. joined sheen back in january to oversee strategy for the online marketplace in latin america. shein is valued around $66 billion. claure's role will focus on expanding manufacturing and supply chain beyond klchina to closer no shein customers. i spoke with the executive chairman last month. here's how he described the shein strategy. >> we went back to rebe invent and reimagine the supply chain by aggregate and digitize the small and medium sized factory, the moms and pops, and put them together on the same software with the transportation vendors and provide the kind

corte madera has an apple and a lululemon and all, and it's busy all the time. all the time., exactly. exactly all right. let's turn things over now to sal for a final check of the roads on this wednesday morning. hey, sal. hi, andre. and gasia. speaking of marin, if you're trying to get over to marin right now on the richmond bridge, you will see some slowing, but it's getting better. this is one of the first commutes to get better and then we're going to see a little improvement. not a lot getting into san francisco. silicon valley remains very slow. they cleared the crash on 101 to the shoulder. i would use to 80 instead. and just a reminder to stay away with your car from the city hall era area in san francisco for today's ceremony for the late senator. a lot of the streets are closed, including polk street, van ness, maybe very busy. the best way to get there if you do want to go down there, is to take bart. 851. let's bring steve back in with today's weather. thank you, kind sir. yes, sir. all right. we're already warming up here. 60s on the temps 63 livermore, palo alt

one was just before 3 in the afternoon where 4th ease smashed through the front doors of the lululemon store. there in broadway plaza. they took about $10,000 worth of merchandise. but police did find the 4 and they recovered all the merchandise. then it was last at 09:30pm. so that was the daytime. then at night, 2 people and just had dinner. they were leaving the restaurant when they were robbed at gunpoint near the intersection of the tele drive and locust street. also in broadway plaza police are looking out for the 2 men robbed and they took off in a white sedan. nobody was hurt. if you have info, please. they said call the walnut creek police. take a look at this. francisco police are investigating after there was a car that slammed into a building yesterday. this is around 4 in the afternoon 17th avenue in the sunset district. 2 cars were involved, but just one crashed into the building. we don't have reports of anybody being her actually. right now, san francisco's bay ferry service is changing its schedule. this is because of construction to refurbish the alameda terminal. i l

around 2.45, in the afternoon, according to police for thieves smashed through the front doors of the lululemon store in broadway plaza taking $10,000 worth of merchandise. those 4 were later caught. all of the merchandise was recovered. but then just a few hours later at around 9.30, 2 more people were robbed at gunpoint after leaving dinner. the robbery happened near the intersection of botelho drive and locust street in broadway plaza. police say they're looking for 2 men who took off in a white sedan. no injuries were reported. anyone with any information about these crimes is asked to call. walnut creek police. let's get you a check your 4 zone forecast tonight. we're taking a look over a 6.80, in walnut creek traffic seems to be moving smooth out there. we know the fog to start moving here in the san francisco city area. gayle ong joining us with a look at the forecast to go. >> hello, dan. yes, and the rain has come and and we have some leftover lingering showers. you may notice very light rain, though. here's a look at how the last 12 hours look like we had this light system move throug

you see lululemon dupes and it is just a smart way to shop.used to brag about it >> these are knockoffs, basically, right >> yeah, but that's been happening in fashion for many, many, many years yes. it's the expensive version and someone else makes a little less expensive version and it was something you didn't want to talk about, but now people are proud of it. >> americans are increasingly getting paid for not doing work. growth and paid time off is widening for the number of hours for which workers get paid and for which they'reon the job. employers have retained and attract workers in the hot labor market if you're more productive and you're happier as a worker. >> it's also the kind of benefit that i always say it doesn't cost you anything. >> exactly >> it costs you the worker that's not going to be there that day, but it's not like a wage increase. be sure to tune into the fed decision tomorrow live from washington thanks for watching "power lunch". >> and "closing bell" starts right now. >>> all right. courtney, thank so much. welcome

remember last week lululemon was taken for thousands of dollars there.hough police were able to catch the suspects involved with that. but a few hours later, police say that people who were robbed at gunpoint after leaving dinner on locust street and botelho drive. and then 3 weeks ago, you remember the louis that on location in broadway plaza, 15 people ran a car through the window, got inside and made off with thousands of dollars worth of merchandise. we talked to some employees, their broadway plaza and they say on their mind. you're careful. >> and walking to your car, you're careful effects with traffic. and after we have and everybody that came into the store was talking about it. >> well, anyone with information about that armed robbery that happened on locust street, you're urged to call well, a creek police. they say they're looking for 2 men who took off in a white sedan. that's about as detailed description they have right now. it's 10:33am. police in saratoga have arrested a man who is suspected of being the one who strung up com dolls and n

who's this >> steve: lululemon. [ laughter ] come on, give me some hard - rapid fire me, come on >> jimmyall right, all right, here we go. who's this >> steve: baloney. [ laughter ] chaka khan [ laughter ] chips and dip. [ laughter ] jimmy kimmel [ laughter ] yo mama's ugly [ laughter ] just got rabies. [ laughter ] lawsuit in the trump [ laughter ] mos def and 50 cent. [ laughter ] cocaine. [ laughter ] sure, i cried during "notting hill." [ laughter ] life's a bitch [ laughter ] areola [ laughter ] miralax. [ laughter ] hairy grandmother. [ laughter ] herpes cream [ laughter ] flomax helps your jet stream [ laughter ] oh, anus taser [ laughter ] oh, kinky sex with jon hamm. [ laughter ] oh, come on, that's easy that's taylor and travis [ cheers and applause >> jimmy: close enough thank you. steve higgins, everybody that was close enough. very -- sorry, yeah. sorry. sorry i doubted you. guys, i saw that new york just passed a new law allowing liquor to be sold at 10:00 a.m. on sundays instead of noon [ cheers and applause new yorkers are like, no need, the jets are doing better than we t

in the afternoon when police say for thieves smashed through the front doors of the lululemon in broadway plaza and took $10,000 worth of merchandise. the 4 were later caught. all the merchandise has been recovered. but then just a few hours later around 9.30, that night, police say 2 people were robbed at gunpoint after leaving dinner. the robbery happened near the intersection of both fellow drive and locust street in broadway plaza. police say they're looking for 2 men who took off in a white sedan. no injuries were reported. anyone with information should contact creek police. and there's a former major league baseball player who's from the bay area who is now facing murder charges in a very high-profile case that came from lake tahoe. 49 year-old daniel sarafina was arrested friday in nevada along with his alleged accomplice. 33 year-old samantha scott. police say the duo shot and killed his father in law and attempted to kill his mother-in-law. this was in june of 2021. the 2 are now waiting extradition to california. sarah phinney went to union pro sayre high school. he played 6. h

ono big -- no big names there, palo alto networks, lululemon up again because they're joining the s&pstuart: so they're up again. now, here's the important numbers the watch for today. the 10-year treasury yield, yeah, going up, 4.87%. the price of gold going up. that tech in the mideast is, that's what gold does. high inflation, tension around the world, gold goes up. just shy of $2,000 an ounce. bitcoin, $28,300. not doing much. oil, this is another key denominator today. moving up, 87.85. nat gas, i believe it's up again, 3.12. the average price for a gallon of regular gas, my goodness me, it's down 2 cents overnight to $3.57. it's down 30 cents in a month. diesel actually up 1 cent. >>> coming up, could biden's missteps in the mud east cost him the -- mideast cost him the white house? liz peek certainly thinks so. she says biden's presidency has so many similarities to the catastrophes of the carter years. >>> the mainstream media quick to blame israel for the hospital blast. and an in res lille official predicts u.s. military involvement if iran and hezbollah join the fight along

in fact, that lululemon was taken for thousands of dollars. though, were able to quickly catch the suspects involved in that crime. but a few hours later, police say 2 people were robbed at gunpoint after leaving dinner on locust street near botelho drive. and then 3 weeks ago, the location at broadway plaza made headlines after 15 people broke into it, driving a car through the window to gain access and then stole thousands of dollars worth of merchandise employees that we spoke with at broadway plaza say they are a lot more mindful about their surroundings now, especially after dark. >> and walking to your car. you're careful effects with traffic. and after we have and everybody that came into the store was talking about it. >> anyone with information about the armed robbery off of locust street is urged to contact walnut creek police. police say they're looking for 2 men who took off in what was simply described as a white sedan. they don't have a whole lot to go off its 7. 37 police in saratoga have arrested a man suspected of stringing up

recovered $17,000 worth of stolen goods all being sold on mission street from lululemon and victoria'secret. and these fencing operations have led to some major safety concerns. as an aide to supervisor, ronen says, the situation is so bad that city workers fear for their safety. when asking vendors for their permits. >> at the point where our public works inspectors are now wearing bulletproof vests while they're walking the streets, they are escorted by police. but that is the level of danger that's out there for city workers. >> and they have been subject to attacks as assaults, verbal and physical assaults. and so it really makes it difficult for them to do their job. >> san francisco police chief bill scott is well aware of the problems in the area along with other city leaders. he blames a 2018 state law that they say basically decriminalized street vending for some of the recent problems with stolen goods. now, supervisor supervisor ronen's office says they are working to try to come up with an alternate indoor space for permitted vendors to legally sell their goods. live in san

police just put a big dent in a retail theft ring targeting lululemon stores. several suspects were arrested just ahead of the busy holiday shopping season. here's how it happened. last week, suspects tied to thefts in the north bay showed up at the walnut creek store. they were trying to return 3 to $4000 in stolen merchandise to get cash or gift cards. well, employees managed to stall them while officers moved in. ultimately arresting two people inside the store and then two other people waiting in the car two days after that for thieves stormed that same store. >> they go in, they grab as much as they can and then and then they leave and the officers that responded responded quickly and were able to detain those individuals and subsequently arrest them. >> as far as a security plan for the holiday shopping season, the street through broadway plaza is going to be blocked off to traffic. and there will also be a heavy police presence with officers in cars walking and patrolling on bikes. next at 630, pumping the brakes on cruise, how the dmv's decision to halt

philadelphia has very strict laws against emotional support. [ laughter and applause clothing brand lululemonoton last week announced a five-year partnership. it's surprising because usually those two brands signal the end of a five-year partnership [ laughter ] and finally california governor gavin newsom announced today that he will appoint emily's list president laphonza butler to replace the late senator dianne feinstein, which will make butler the first lesbian black woman in history to join congress incidentally, that entire sentence was just banned in florida schools. [ laughter and applause and that was the monologue, everybody. we are off [ cheers and applause we are off and running we're so happy to be back. [ cheers and applause we're so happy to be back. [ cheers and applause before we get to tonight's "closer look," which will cover not only today's news but also as many of the things we missed over the last five months that we could hit, i wanted to take a moment to say how grateful i am to be back here with you tonight. i never take this show for granted. but being away from it

it was just last week that lululemon was targeted for thousands of dollars. although police were able to fairly quickly catch the suspects involved in that case. but a few hours later, police say 2 people were robbed at gunpoint after leaving dinner on locust street in botelho drive. and then 3 weeks before that, the louis but on location broadway plaza made headlines after 15 people broke into that shop using a car, driving it through a window to get inside and then stealing thousands of dollars worth of merchandise employees that we spoke with their broadway plaza say they are now more mindful than ever about their surroundings. you're careful. >> and walking to your car, you're careful effects with traffic. and after louis happened, everybody that came into the store was talking about it. >> anyone with information about the armed robbery that happened off locust street. you're urged to contact walnut creek police at this point. they're only working officer. pretty minimal information may know 2 men committed the crime and took off in what was simply descr

it was just last week that lululemon was taken for thousands of dollars. but police say they were able to quickly catch those suspects involved few hours later, police say 2 people were robbed at gunpoint after leaving dinner on locust street and botelho drive. and then 3 weeks ago they location at the plaza made headlines after 15 people broke into that shop, driving a car through the window to get inside and then stealing thousands of dollars worth of merchandise employees at broadway plaza say they are more mindful now, especially after dark. you're careful. >> and walking to your car, you're careful effects with traffic. and after louis happened, everybody that came into the store was talking about it. >> and anyone with information about the armed robbery off of locust street is urged to contact walnut creek police officers say they're looking for 2 men who took off in what was only described as a white sedan. >> it's 6, 34 police in saratoga have arrested a man suspected of stringing up dark complex did dolls with nooses in trees around schools last