liz: we could all look good in abercrombie. look like a middle-aged guy trying to look young. liz: we have quite a market, two points above an all-time record for the s&p 500. 1897 is the number to beat, we are there right now. can we hold through the hour? there are two unstable parts of the world, russia and china. why does merck and has billions in assets under management, really like those two regions? he says now is the time to take risks, he has three names he absolutely feels you take a little risk, you will get some serious rewards and speaking of rewards on this memorial day weekend, i you ready for some barbecue? dave's famous ceo who was named today, he is no stranger to the industry, the ceo of mcdonald's is making massive changes on his first day after shaking hands with the employees he is learning about but of course he is talking high brief prices, high pork, how he is making sure his company stays as healthy as it has been, stock is up 166% of the past year. you could have bought that and done beautifully all y

abercrombie finally revealing good news for investors.icole petallides on the floor of the new york stock exchange. nicole? >> there is a lot to look at here, melissa with abercrombie & fitch. we know teenagers can sometimes be fickle. however the reason you're seeing the stock to the upside, 5% at the moment for abercrombie because it is not as bad as its pierce, american eagle outfitters and aeropostale. abercrombie was best of the bunch and outpacing analyst expectations that was good news. they have wider array of merchandise and listen to customers and larger sizes working for them. the stock is reflecting a good quarter here for abercrombie & fitch. back to you. melissa: nicole, thanks so much. for billionaire elon musk sure does love his coupons. his energy services company, solarcity, is giving customers a little daylight savings with a discount through groupon but maybe elon is paying it forward. after all solarcity has gotten pretty sweet deals from the u.s. government. back to discuss, charlie gasparino. we have tom sullivan an

you worked at abercrombie. >> we have to go. four years dog: get four years interest-free financing on the entire tempur-pedic cloud collection. get a queen size sealy gel memory foam mattress for just $497. don't miss the memorial day sale. last story. that's the last story. >> should they ax how they ask? high school boys, aren't they all, in california have been holding a draft to pick prom dates which makes us wonder -- >> is this evil? >> for years seniors at corona del mar have selected their dates via an nfl-style prom draft. girls are ranked by their intelligence and modesty and some guys pay cash for a topic. many drafters are on the prowl so dress nice, ladies. now the principal is condemning the condition saying it object tau fies girls. as one girl points out it is a fun way to decide who you will go with to the prom. bad, good, indiffer rent, who cares? >> it would have been a bummer. i mean it is stupid. the permiscuous girls will be gone. >> you will get to know her because she is an important, smart woman, right,

for abercrombie, it is better relative to peers and expectations. not fantastic, but better than folks were looking for. overall sales are down one percent. analysts were looking for a job close to 1.6%. abercrombie is really trying to get a better mix, a more fashionable mix, of merchandise in their stores. that seems to be bearing fruit. it also has to do with discounting, a lot of emoting. offering sales with a lot of items. that puts pressure on asset companies. got traffic, but it may have come at a little bit of a price. qwest thank you. our senior markets correspondent on the retailers. in washington, pressure grows on eric shinseki. a shutdown after the release of a scathing report detailing delays in care at the v8 medical centers. the waiting list. has more. democrats have now called for go. sex for him to >> some claim the whistleblowers to parers were not up and they were hiding the list of official participants at the v8 -- the v.a.er medical center. politics here, the senate passes only iraq war veteran. report is thehis final straw an

>> the abercrombie and fitch is interesting. we pushed down the levels we last saw in the middle of 2012. it bounced. they have thrown everything possible at the stock for good reason. it's finally starting to catch a bounce. in this realm of m & a activity we have seen and i don't know anything in terms of an ber contr -- abercrombie and fitch. i would be inclined to stay with them especially with the amount of short interest in the name. >> all three stocks are down more than 20% after big gains last year. our guest says the selloff has the perfect opportunity to snap up these new-timers. is it simply because these companies, these stocks are cheaper, the big cap guys are going to step? >> i view it as it's a bipolar tech mark. you have ibm growing at 1%, 2%. i think it's a golden opportunity to see m & a and you're going to see a surge over the next three to six months. >> you have got three matchups. let's get to them. ibm and splunk. what's going to push splunk into ibm's arms? >> ibm needs data. we're seeing more and more

it's lower. >> a drop for abercrombie and fitch's club vibe decore. it is used for years to attract young shoppers. new window displays will bring back the teens they lost to fashion retailers. >> so microsoft took over that vibe. >> right. >> that's a great song by the way. it's eddy murphy's "party all the time". >> i halt that song. that's the worst song in the planet. now back to hp. estimates, a slew of job cuts coming. the call about halfway through. the latest with david faber. >> the call in fact, the prepared remarks completed no too long ago. they started to take q & a. in terms of the quarter, you had an analyst on at the top talking about it. a mixed bag to be sure. margins a bit better. including person systems group. where commercial pc sales have stabilized if not turned the other way taking market share as well. printing okay. although not as good as some would have hoped. the enterprise business not as strong. in terms of the forecast, kathy talking about the third quarter and saying in printing they continue to focus on placing value

abercrombie & fitch is capturing the attention of traders. joe kinahan of td ameritrade joins us this morning. good morning joe. > > good morning angie. > > i know a lot of traders like to play the game with this stock, do you see a potential for a break out or a breakdown? > > well yesterday afternoon before the close we saw the stock break down. we also saw in the options market quite a few people buying these 32 and 1/2 puts with the stock trading above 35, there's a lot of indications that there could be some trouble here. they got downgraded yesterday afternoon also. so this is a stock you're going to want to keep your eye on today before the opening for earnings and throughout the day there should be some opportunities. > > right this company has to say a lot of positives to really get that stock going again. > > what about apple? we now have this big deal with beats plus the world wide developers' conference is on monday and the stock just keeps heading higher. > > you know it often does before the developers' conference. expectations

one thing we should note, where is your favorite abercrombie & fitch store?se we are looking at the fact that many of their lieses, 67% of their leases will be up for renewal or due to expire in the year 2017. so they did mention they're going to be closing some stores but in the meantime, that is something to look out for going forward. back to you. liz: thank you, nicole. gold fell for the fourth day in a role pressured by technical warning signs and that mostly upbeat u.s. economic data, right? except for the gdp number which showed contraction. you would have expected to see gold rise but we have not. there is a rising appetite for risk, meaning not gold around the world. look at silver. silver suffered mightily. the precious metal dipping below $19 and ounce earlier trading a level it hasn't closed below in nearly a year. we didn't do it today but nonetheless. david: is now the time to buy or are metals heading lower? we have eagle bay's capital founder and president. great to see you, jc. i know, everybody is a gold fanatic out there. people like metals

abercrombie & fitch before the bell and lions gate after the bell.what do you have posted amark >> cosco third-quarter profit that missed estimates. a number of u.s. retailers suffer the first three months of the year because of the harsh weather. costco's same-store sales rose 6%. microsoft and salesforce.com are close to a deal that would let microsoft customers use salesforce customer management programs. indicates that congress is stepping up its probe of a general motors recalls. investigators have met with a gm engineer about his role in faulty ignition switch is blamed on fatal crashes. this is according to "the wall street journal." lawmakers want to go wide gm did not recall the cars until almost a decade after learning of the problem. >> let's talk apple and beats. apple has made no bones about it, they have acquired james .ovine and andre young, dr. dre $3 billion. 23 days of free cash flows. that's how long it took for mr. iovine to mix down bruce springsteen's record. adam klein, former chief executive office of emuusic. "the new york ti

i don't like abercrombie. still negative same-store sales.ostco my travel trust is buying it because the gross margins turned out to be good. you have this problem where each month, got better. when you average the month they don't look that good. i have no problem buying costco. >> and where are we when we talk about as we have so often retail in general with the bad weather behind us. with may essentially behind us entering the summer, yet still dealing with this overarching theme that people are using their mobile devices to shop more and more often and not going to the malls? >> you have the howard schultz theme, the first one to propound that, starbucks over in china where is the big growth? still the united states. he would tell you the mall growth is not that great and people don't like to go to malls like they used to. by the way, when amazon had to start paying taxes there was a kind of pick-up. i think that best buy, [ inaudible ] not doing as bad as we think. look, there's still a passion for shopping in the country, but when you l

abercrombie and kent used to run safaris. i do l.l. bean when i go skeet shooting. >> that's today's company news. >> coming up, another megamerger in the works -- sprint plans a bid for tea mobile and we will discuss this on "bloomberg surveillance," on bloomberg television, streaming on your phone, your tablet, and bloomberg.com and now available on apple tv and amazon fire. ♪ >> good morning, everyone. if users are up seven. this morning all day, betty liu goes inside pepsi. it starts with her exclusive interview with their chief executive officer. that's today at 8:00 a.m. eastern time. a real look at pepsi. adam johnson has done good work on that as well. this is "bloomberg surveillance." johnson decided to join us this morning after torrential rain in new york. olivia sterns slept here last night. it was amazing rain. it was like biblical. i saw russell crowe go down central park with an arc. >> russellkrohl? >> he's in the movie. he was going down central park. >> another megamerger could be in the works. sprint which is 80% own

in the case of abercrombie & fitch, it managed to post a narrower than forecast loss. that pushed shares six percent higher. the ceo is working to revive the teen's stores. >> today is may 29. or, 5-29. that is the designation for the most popular college savings plan. at the end of last year the college saving plan never said they were nearly $204 billion in 529 plans. we decided to have debate for and against these plans. the chief executive and cofounder of advisor investments says 529's are not the only way to go when it comes to saving for college. michael conrad, the 529 program director at jpmorgan, i want to think we know which side he is on. from jpmorgan's perspective, 529 plans are not the only kind of investment that you should be making for college reparation. >> it is not the only investment. families have a lot of options. to your point, given those $200 billion in these plans, it has become the premier way to save. considering the tax advantages. and the control features. it is a tremendous way to save for college. >> how do you describe the 529? you he

they are not crazy about abercrombie. basically kids don't have any money. moms are saying we're in target, pick what you want and i will pay for it hire, not somewhere else. >> value versus style. when money is a little tight, value will win. my mom picks out my clothes a long time. i'm betting on mom hearse. melissa: yeah, what do you think? >> moms control spending. they don't want to go to retail stores of abercrombie and aeropostale and target and walmart are value play. they have got enbetter clothes even at target. quality of clothes makes sense. melissa: not cool no matter how much you slice it. 8.3% of 11.4 million kid 16 to 19 last summer wanted to find a job. if you don't have money, not going to aeropostale. mom is not taking you. i'm not going to. charlie, you're taking your head. >> i had three variations of jeans, sneakers and t-shirts. hard to feel sorry for the kids. melissa: can't feel sorry for them. college seniors getting geared up for graduation. more than 80% still don't have jobs. that is incredible number, '80 still without jobs. >>

slightly better sales than abercrombie, investors like it. it is up 3%. check the big picture, dow industrial average up 13, 16646. getting a nice boost from disney which is that another new high. actually down a little bit. 83 for disney, we will take it. record territory once again for the s&p, we are now well above 1900, 1913. here is a key obama term. the yield on the 10 year treasury, this is all about interest rates. 433%. look at this. roll it, please. ♪ stuart: we had to roll that. we play it because now we have a year without an economy or at least economic growth. the weather going to get the blame for sure. an annual rate of 1%. "overall, the first quarter historically severe winter weather which temporarily lowered growth." charles: i have the whole thing in front of me. they were higher taxes that crushed a whole lot of people. obamacare did not help at all. you just did not read the whole thing, stuart. i wish i could be sarcastic about all of this. listen. this is scary stuff. we do not know how much the polar vortex played a role in it. pi

. >> coming up, abercrombie surprises the street. we'll find out if anyone on our dechb desk is a boouyer. and another upgrade for twitter. with all the opinions about stocks out there, how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business. how's that for an encore?

you heard dominic talking about michael kors earlier, but we also had abercrombie & fitch coming in, expected results, although they were lower helped by its women's division. also dollar tree getting an upgrade. check out tilly's. this teen retailer took a very big hit, not only disappointing results but also disappointing forecast. so basically, a mixed bag in the retail sector. but again, if we hold here, we could see a record close for the s&p right now. we'll see whether or not it happens. again, really low volume here. >> those teenagers are dragging those retailers through the mud this year. >> they're a fickle bunch. >> they are. >> and we're keeping an eye on where they want to shop, it's a full-time job, certainly. >> it is. thanks, mary, very much. >>> we had that seven-year note auction. "b" minus grade from rick. let's see how it's doing post-auction. >> reporter: hello again, sue. if you look at the aforementioned seven-year, if you squint, we did see a subtle climb of rates. close to unchanged. let's look at the more frequently traded ten-year part of the curve. we're

. >>> shares of abercrombie announcing a smaller than expected loss.enues fell slightly but were still better than analysts' estimates. looking ahead, the company stood by its earnings forecast, the stock rose to $37.14. >>> a health care deal in the news today. health care facility operator amsurg is buying sheridan health in a deal valued at nearly $2 and a half billion. am surge says they will have a deal of about $750 billion, sheridan is a privately held company. >>> a cloud computing deal could be in the works between microsoft. reportedly the two are in talks to let microsoft cloud customers use sales force relationship management programs. sha shares of both companies rose in today's section, microsoft up a fraction to $34.34, sales rising to $52.40. >>> and susie, you can soon pay your bill in bit coin, isn't that good news? the satellite company says they will accept the currency as payment so get your bit copes together. shares rose to $59.55. >>> express reporting weaker than first reported results. also saw the store sales shrink. sales fe

abercrombie & fitch is back in style with young, hip shoppers as well as wall street. the retailer didn't lose as much as expected. investors piled in sending the stock 5% higher. still to come: shorting the boss. is modest ceo pay a buy signal for traders? plus... how youtube is investing in users. and after the break... google admits... it has serious issues in its offices. we'll be right back! google admits to a lack of diversity in its corporate culture. the tech giant published a diversity report this week showing... 70% of its workforce is male, and only 30% female. 61% of its employees are white, 30% asian, 4% are multi-racial, 3% hispanic, 2% african-american and 1% other races. google's head of personnel, lazlo bock says "there is an absolute pipeline problem" affecting the number of women, blacks and hispanics entering the computer science field. on its blog, google says it's "miles from where we want to be." google was recently named the world's most valuable brand. a major component of that brand is the ever popular youtube. ky sisson reports, on how google

so for example if you walk into and abercrombie and fitch there's a certain smell and if you smell thatly identifiable with that brand. on the other side you have a more general ambient scensing which may be tying in with the actual products that are being sold. for example if you have a bathing suit store, you might have the scent of coconuts and pina coladas. to get people in the mood for that. bloomingdale's has a baby powder department.ir baby getsat kind of thing it'se in the mood and pleasant kind of smell so they want to stay there longer and they end up buying more and really enjoying their shopping experience. > > and jennifer i know you have scent world, your trade show event coming up in a few weeks in new york. thanks so much! > > thank you. coming up... a trader who smells money in twitter and tesla. and after the break.... should you traderbaba's ipo? one findthe answer is simple. out next. angie: friday just became even better! the guys are here for traders unplugged. joining us from the floor of cme group, alan knuckman and shellady ready to throw down their trader thoug

loudmouth ceo a -- nightclub culture -- we are talking about abercrombie & fitch, but the retailer wants page and get wholesome teenagers back into the store. lindsay andd by senior market correspondent julie hyman. set the stage about what is going on here? >> well, richard jeffries, an analyst at people nicholas summed it up. he says we question whether the, crombie brand remains relevant -- the, crombie dashti in the immaturity and fitch brand he iss relevant -- and questioning if the abercrombie & fitch brand remains relevant. has it lost the customers that have gotten older? they have not changed to remain relevant to today's teenagers. the question is who is the audience right now, and i know lindsay has been talking about what they have been trying to do to improve that because comparable sales have been falling for quarter after quarter after quarter because of this lack of relevance. >> right, they are not targeting the consumer correctly. what did jeffries say to you? >> they are adding the color black, which they had never done before, making changes to their stores. they are

abercrombie & fitch. >> you swayed him. >> he does sway me. >> i'm melissa lee.ching. see you back here tomorrow at 5:00 for more "fast." meantime, don't go anywhere. "mad money" with jim cramer starts right now. >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now! >> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends, i'm trying to make you a little money. my job is to entertain you, educate and teach you. call me at 1-800-743-cnbc or

. >>> abercrombie & fitch is making changes to the way they'll win back their customers. they'll offer larger sizes. you'll no longer see photos of models with six-pack abs. they're also going to cut down on the amount of fragrance they spray in the store. and the music won't be as loud. >> the music and the fragrance. i'll take less fragrance and less loud music. have you ever walked by one of those in a mall? >> yes. you feel very old. i guess we're going to feel a little less old. >> and like, your hearing aid is out of whack or something. >> pretty much. >>> well, there's a gang of mutant heroes that hope to take over movie theaters this holiday weekend. "x-men: days of future past," could gross more than $100 million over three days. it is the seventh "x-men" movie. and it brings back popular characters and stars. something for you to do this weekend, maybe? >> i'm grilling. i'm grilling and chilling. >> you're staying outside this memorial day weekend. >> i'm staying outside. not going to hit the movie theaters. staying outside. even if it's rainy i'm going to be at

abercrombie & fitch what is the level of sweat this weekend? >> it's higher than it's ever been. it was an incredibly cold winter , people were not in the mood to buy spring, you start to lose some of that selling and you cannot regain its. that is what's on error one's mind now is recouping the lost sales and the spring season. >>two smart people for a great conversation this hour. we are getting you ready for a three-day weekend. i will be in monday. >> why? i want to go shopping together with you. >> i am boosting the economy monday. >> i think you will be all alone. i will not be here on monday. >> there'll be no staff year and no friends. be the tomliterally keene show. when we come back, we will talk about what is happening at tulip packard cutting thousands to save a couple of pennants -- pennies. this is "bloomberg surveillance," on bloomberg television, streaming on your phone, your tablet, and bloomberg.com and now available on apple tv and amazon fire. ♪ >> good morning, everyone, "bloomberg surveillance." coming up, kebnt cokle, president of the most important company

i rate governor abercrombie on any system.ost: do you want to say whether you would vote for him again? did you vote for him last time? caller: i may have voted for lieutenant governor aiona one ti me out of two elections. i have not voted for the others. independent, i am very satisfied with governor abercrombie. i was skeptical and did not vote for obama. i am just, i feel very well represented by both the president and the vice president and governor. our various lieutenant governors we have had. go to pittsburgh, pennsylvania on our line for democrats. caller: good morning, how are you doing? in pennsylvania we have a gubernatorial race going on right now. is supposed to be the weakest governor running nationally. running against for democrats. rate his performance -- governor corbett, a c maybe. he has held the line. he needs more support. -- penn state, sandusky, he was attorney general. he knew it was going on and hid it until after the election. more children were molested while he was attorney general. some of his wea

you have them saying they're closing some stores, and then also american eagle, and now abercrombie sayinglose the source. what they have in common is that they have leases expiring in the next few years, which means more stores could potentially close. most teenagers are not invested in the stock market, so they are not seeing the great gains given to the investing public by the fed. the upscale, luxury retailers are doing very well. >> exactly right. the high-end retailers, you can see them in their stock prices and their sales. they have been reaping the benefits of the stock market surge. retailers with high and implement rate, i would not say they are not spending, because they are still buying the high tech gadgets, but they are not buying a lot of peril. there is nothing new to excite them with their wardrobe. make public my knowledge of women's handbags and shoes. michael kors, does it really get grouped with louis vuitton? >> no, it's not quite the same. it is still mid tier luxury. it is definitely not high-end. but it is in the middle. to use the phrase very loosely. >> affordab

. >> reporter: melissa abercrombie scolded him. the head of the rape crisis center said she had been a supporter. >> i think it's time for you to go. >> i love you. i do. but i'm so disappointed. >> reporter: one by one, most of the standing-room audience took a turn. >> men carry all sorts of stereotypes. you have fueled these misperceptions. >> reporter: some of the harshest criticism came from board members. it didn't matter that he was acquitted, said zane, officials must be held to a higher standard. but he told the board and audience he's staying. >> let he be first, perfectly clear, that i regret what i did. >> reporter: he added that he was cleared at trial and at the court of public opinion is not going to push him out. >> i have no intentions to resign. >> reporter: and there were supporters like carol fish of sebastopol. >> i admire your courage, your honesty. i am proud to have you as my supervisor. >> reporter: in the end, the board cannot force him to resign. as the board chairman explained, his political ra recareer

we've also got kansas city fed president e president esther george and look for earnings from abercrombiens gate, the music studio. >>> we've just been talking about the brazilian economy and inflation. but also the eyes of the world are on brazil as we're only 14 days away from the start of the world cup. what impact does the tournament have on equities? and can financial markets help us predict a winner? going to tell me now is peter oppenheimer, the chief global investment strategist at goldman sachs. >> hello. >> great to have you on. >> good to be here. >> what impact will the world cup have on stock market behavior, investor behavior? >> it's a difficult thing to predict the overall outcome of the world cup. we have a model that will do that. we think brazil will win. statistically, the winner seems to have a feel-good factor in the stock market. it outperforms 2.5 to 3% after the month after the final. >> how long does that last? >> the fundamentals sta s star take over pretty quickly. it fades in about a month. it is a significant observation. >> is there take-back beyond that one

. >> yeah, like an abercrombie & fitch catalog came to life, the caterers.el a certain all. shame, asking extremely pretty people to bring you things. food and drinks. if you didn't eat and drink so brushed.u too could look air no, you never will, you will remain on the island of misfit toys for all of eternity, chubby boy. so maybe, i am reading too much into that. >> jimmy: i think you were. >> maybe they were thinking of the complicated plot of lost. underneath we are all the same. why can't donald srling understand that? >> i don't know. have you been following that situation? donald sterling. >> what's to follow, he is an idiot. that pretty much sum sz it up. he should be quiet now. >> you'll be on the list of people that he sues. i am glad to have you here, i really am. >> i'm thrilled to be here, in the same chair that toronto mayor rob ford. >> yes, yes. >> profusely sweated in. i assume you had this febreezed? you are to be congratulated. i am actually nervous being here. >> jimmy: are you really? >> this is my first time. you have been gentle so fa

. >> a lot of kids think fast food isn't cool, maybe working at the gap is cool, abercrombie. >> it comesfiernt to pia expectations. if the parent says, you need to work, then a child living in the household will do that. >> maybe the parent is also giving them a leg up because they'll experience jobs and they'll decide, maybe this isn't a job i want to do. >> it's a great teacher. i know you boys are watching right now. i know you are. i might be upset. see you tonight. >>> hi, everyone. i'm dana perino. it's 5:00 in new york city, and this is "the five." could the obama administration saved the lives of the four americans killed in benghazi. today testimony says that our military should have at least tried. but it was never even ordered. >> four individuals died. sir, we obviously did not respond in time to get there. >> could we have? >> we may have been able to, but we'll never know. >> was it a video? >> no, sir. >> was it a video that sparked a

look at abercrombie and fitch. finally might have gotten something we can trade against the $30 level. decent valuation. i think they reported in a couple weeks. i think a & f might be interesting. >> i can't believe there's not another shot in target. >> something smells wrong. >> something is wrong. i like target. i would way though. see what that other issue is and then re-evaluate. >> that's the first thing i said when i heard this. then i saw the stock down saying what else is going on here? yes, the credit card breach is bad but not bad enough that i think a ceo had to step down. there's something else going on. i think target is a tough buy here. >> it's probably why you need to be patient. i think one of the bigger issues is who is going to fill that role. you look at a lot of the various -- jcpenney. go through the list. this is not something it's easy to find the right person to build that business back up unless they can find from within to be able to get -- >> and there's two candidates they're looking

seeing it in abercrombie and aerospatiale. the tribe does not feel any connection to the branch.: clearly there is much work to be done for urban to redeem its fashion flooding. when your whole business is fashion and you are totally off track, i don't know. how do you turn it around? >> it is not fashion. fashion is only where they get the money but they have to figure out the transaction. what business are they really in? they are making customers feel better about themselves, look better. is not what you do but who you are. the customer does not want to associate with who they are. melissa: go ahead, many destinations are stumping on the selfy bandwagon. will you take a selfy of yourself? i love it. >> fox told me if i could take a picture of me they could bring the money. you are right, it is a bigger trend. millennials think things are not real if they don't see them on line. it is virtual verification. virtual verification, these companies are smart because they are paying the customer to do what they would do anyway. the problem is easy to go on amazon and written dollars

abercrombie & fitch. >> you swayed him. >> he does sway me. >> i'm melissa lee. thanks for watching. see you back here tomorrow at 5:00 for more "fast." meantime, don't go anywhere. "mad money" with jim cramer starts right now. >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now! >> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends, i'm trying to make you a little money. my job is to entertain you, educate and teach you. call me at 1-800-743-cnbc or tweet me @jim cramer. >>> prices matter. when a stock gets hammered, it actually becomes cheaper. just like any other piece of merchandise. if a stock that's been crashing stabilizes for a bit, potential investors come in to do some tire kicking and then they do some buying. these factors came onto play in a huge way today with the dow advancing 21 points, s&p gaining 8.3%. the nasdaq, the center of the strength, climbing 0.86%.

. >> caller: abercrombie has 106,000 stores in total.les came from the internet. so will national sales from remaining 843 -- >> why do we need to own it? why do we take that beating? why cause self-inflicting pain? how about william sonoma? matt in georgia. >> caller: southern booyah from atlanta. >> liking that. what's up? >> caller: i have a question about verifone. >> i would like to combine that with a mobile payment system and that stock would be a huge winner. and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. ♪ ♪ ♪ ♪ [ tires screech ] chewley's finds itself in a sticky situation today after recalling its new gum. [ male announcer ] stick it to the market before you get stuck. get the most extensive charting wherever you are with the mobile trader app from td ameritrade. wherever you are with the mobile trader app in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-look

democratic governor neil abercrombie signed a $10.10 minimum wage into law following its approval by state lawmakers. dozens of people have died in the latest violence across syria. on wednesday, at least 18 people were killed when government forces bombed a school in the northern city of aleppo. activists say most of the victims were children. the bombing comes one day after over 100 died in car bombings in a government-controlled part of homs. at the united nations, emergency relief coordinator valerie amos said syria's violence is only getting worse. far from getting better, the situation is getting worse. violence has intensified in the past month, taking a horrific toll. each month, i report on the relentless killing of civilians. the destruction of homes, schools, and places of worship. the blatant disregard for life and the total disregard by all parties for the fundamental tenant of international humanitarian law. the parties appear to be engaged in an endless spiral of harming civilians for tactical purposes. >> in her comments, amos said a two-month old security council res

people are excited, abercrombie was down and people excited. >> it's abtsds expectations. i like that. >> i see you learned something. >> it's all about the money. it's always about the -- >> always about the money. $2 billion for steve ballmer and the clippers, about the money. lionsgate, by the way, lg f, not so good either. down 10% this morning. >> i know. spending a lot of money on divergent which i think is going to be good. a lot think it's going to be like hunger games. >> adjusted ebay da, $29 million for the third quarter. people not happy with it, below estimates. >> you know look, sometimes you have to spend to win. people are spoiled by disney. disney has the rollout of movies. never hear about a movie that costs too much since the john carter fiasco. people want to do -- lionsgate as disney. no. disney is disney. >> disney is disney. go back with lions gate you will see a stock that's -- >> been a nice run. >> "hunger games" run. a lot of people feel there's not going to be "hunger games 9". >> does fig near conversations about consolidations on the programmi

we talk about the younger buyers and competition in this group, american eagle outfitters and abercrombiethey are somewhat fickle. they also had to contend with some tricky sort of weather and storms and the like. under urban outfitters umbrella don't just forget it is not just urban outfitters but anthropologie and free people that come under the umbrella as well. we'll continue to watch this one. it is trading lower after missing on earnings per share. >> i bought vegan leather legging. vegan leather. i love free people. david: didn't we use to call the fake leather. >> met they are. -- pleather. >> we saw a loss on, thanks so much, nicole. lincoln ellis. they're screaming in the pits of cme. what are they talking about down there, lincoln? >> they're not talking about pleather behind me. i don't see anybody in pleather. look, they're trying to get ahead of this fomc market notes on wednesday. and of course after that, the existing home sales which will give a temperature as to whether or not this housing recovery which could produce the next fuel for another leg higher in the s&p is fo

liz: what about abercrombie. david: more so but they're getting away from brand names on clothes.t like that. >> sometimes you have to go to the kids to know. david: absolutely. nicole. have a great weekend. liz: we have the s&p futures that are closing right now but dan stesich we had a record today and we have a couple days off before trade resumes. >> we do. it has been a nice day today. as i said earlier don't get too excited about this i want to pay attention to economic data and a lot of important economic data coming out the next two weeks. is this justifiable? i think it will give us a good hint whether or not it is. liz: a week from now when the good stuff comes out dan says. >> right. liz: job numbers. bunch of other things. have a lovely weekend. >> happy memorial day. david: u.s. third quarter earnings are trailing analyst estimates by the widest margin in 13 years following disappointing reports from big-name changes this week. are this quarter's numbers a sign of sector is still suffering and are worst times coming? we'll have a man who has been a leader in the retai

it was like an abercrombie & fitch catalog came to life and did the catering. don't know about you, i always feel a certain shame, asking extremely pretty people to bring you things. food and drinks. like they're looking at you like, you know, if you didn't eat and drink so much you too could look airbrushed and stunning. but no, you never will. you'll remain on the island of misfit toys for all eternity, chubby boy. maybe i'm reading too much into this. >> jimmy: i think you were. >> maybe they were thinking about the complicated plot of "lost." ? that could very well be. >> underneath we are all the same. why can't donald sterling understand that? [ laughter ] [ cheers and applause ] >> jimmy: i don't know. have you been following that situation? donald sterling. >> what's to follow? he's an idiot. that pretty much sums it up. and he should be quiet now. >> jimmy: you're going to be on the list of people that he sues. i'll tell you, i'm glad to have you here. i really am. >> i'm thrilled to be here, in the same chair that toronto mayor rob ford -- >> jimmy: o

. >> also abercrombie & fitch getting an upgrade to buy. >> look at that.tock which was a dog. this was the worst of the worst. it's really come back. in fact, the stock's up another 4% to 38.28. their target goes to 50 bucks from $37. so they're still wildly bullish. also nominated four new board members earlier today. remember, they've been fighting with pretty much anybody. still bullish. 50 bucks a share. >> nabors industries. it's all about the buys today. but it's not helping the stock. >> yes, this is an oil driller, not a gomer pyle-related name. guess what they cited. take a wild stab. >> weather? >> now, listen. this drilling in williston up in north dakota, i get it, but still nabors industries getting a bullish call. >> wouldn't you say it's always bad weather up there? just sayin'. >> but lovely people. big fans of cnbc. >> hello, everybody. also jetting an upgrade. >> wow! big gainer for farrow. it's a 3-d imaging and measurement technology company. target decreased from $60. still, they see 5 bucks of upside even with the target cut. >>> let'

. >> number four, abercrombie & fitch up three percent.ed four new independent directors to the board after numerous by activist to change of management. twouncing plans to hire presidents. wears adam johnson always it. -shirtsllister t on the weekend. number four, -- number three thomas ford. shares in the red. sales fell. they have announced officially finally that mark fields is the next ceo. toyota posted a sales beat, citing them in some number two is t-mobile. they added one point in the first quarter. more than at&t and verizon combined. they may be planning to make a purchase. let's move on for number one stock as the closing bell rings. it is directv. they are considering a bid to acquire directv. the talks follow comcast's agreement to purchase time warner cable for $35 million. yesterday was a new record high for the dow. you are looking at a dow that was unable to hold on. it is higher for the third straight day. it was led by internet stocks. cristina alesci has more. been -- i haveas been paying attention to the nasdaq a lot.

. >> we'll hear from abercrombie and fitch, kate spade and macy's today. >> we won't hear from abercrombie. that is on your list. but that will come in a couple weeks. what we'll hear today, hopefully, kate's quarter, january, february, march, that can't be good. those were horrible months for sales. despite that, i'm a big fan of kate spade. macy's will be february, march, april. they'll be able to tell us april was good. >> a better story. >> they'll be able to tell us the first part of may was good. kate may talk about april and early may. i hope they do. i don't think they could have a good story on the first quarter. >> thursday, walmart. what do you think we hear from them? >> i don't have any retailers other than kohl's that will be better than the consensus estimate. walmart won't either. i think it was a tough quarter for all of them. >> why? >> primarily the weather but the consumer is just starting to come back. the fourth quarter was very tough. >> walmart talked about a change in food stamps as well hurting them, no? >> right. they're very concerned about the low-end consumer.

abercrombie & fitch on a charm offensive.out to institutions that control 60% of its shares. placate shareholders who are unhappy with the ceo's pay package. michael jeffries' pay has been cut 95% from 2011, when he made $48 million. that is this morning's company news. >> welcome all of you. let's go to ukraine. ukraine has held elections. piece a and the nation nation together? and chilcote is in kiev joins us this morning. was is the first to do for the new president? >> the first to do for the president-elect, president poroshenko, is to unite ukraine. ratcheting up ukraine's military operations in the ease. we have seen that not just with ground troops but with helicopter gunships and fixed wing aircraft. thely heavy fighting in 80's, something russia warned him not to do. he is upping the ante. his goal is to clear the east of the country of all rebels. he said it has been taking too long and he wants to do it in hours. >> if the nation is broke, is the imf funding this military event? is a good question. you could put

michael jeffries, the abercrombie & fitch chief executive who was paid $48.1 95%ion in 2011, earned lessar. byrcrombie sales have fallen -- for four quarters in a row as the company struggles to keep its brand relevant. welcome back. >> general electric ceo met with the french president to make his case with the acquisition. and nichols has a preview for us from berlin and. hans, will it be the last offer? >> here is what we know about the latest offer and that is the nuclear side of this, the amenities side of it, the nuclear component will stay in france. ge is not interested in the transport side. the transport side was always going to stay a part of it. they are trying to send insurance is that a nuclear person national security reasons will stay in france. here is a quote from the head of operations in france. we will answer the government's legitimate demands to the remains french and the property were stays french and the exports be protected. is going to that happen tomorrow comes a little after one month after his first meeting when he tried to make the case initially to the fre

abercrombie & fitch has not. what are they missing right now?has unfortunately moved away from them, five or 10 years ago that millenial customer wanted a look, they wanted to be on trend and on fashion and they had it. media, world with social you have a plethora of ideas and options for that customer, and they are looking to change more quickly. they are looking to individualize their look, and it makes it difficult for one brand that is tied to one look to survive. >> do you spend a lot of money investing and making your brand or is this like a gorilla brand? >> with social media, it can be done very quickly. look at michael morse and where they have come from so fast, that is because in today's world the information is on your iphone and ipad. >> can this be sustainable after what we have seen from decades of ralph and others taking the good news and keeping it going? >> this is a lot about management and agility, the ability to move with trends and standing for something. today they are extremely powerful. they have great dna and can keep i

shares of abercrombie are rising today. the country's largest warehouse club reported profits of 3%. .ame-store sales rose 6% >> it is a takeover battle for hillshire brands -- brands. pilgrim's pride has offered to billion.hire for $5.6 i want to bring in senior markets correspondent and sausage enthusiast julie hyman. why does everybody care about hillshire? "hobbits."ire, like they live in the shire. >> shire? about a $50lking bid coming from tyson to compete with the $45 per share bid coming from the brazilian conglomerate. it is all about protein. it is also about breakfast. i thought it was interesting within the tyson release, saying tyson wants to capture opportunities in this attractive wherest-growing market, tyson doesn't have a lot of exposure. whether you are talking about taco bell and the waffle taco or tyson trying to capture the protein heavy breakfast, that's where it seems to be going. >> this is crazy. this was a $35 stocks 10 days ago. it is now trading above the offer price. i would assume the investor

abercrombie to all the american chains are saying that's the direction they're trying to move in.o do overnight. >> it took a long time for zahra to be zahra. >> very long time. h&m is just really getting started in the states as is zahra. it's only going to get worse in the states. >> we'll hear from home depot, staples and tjx. they report soon. the housing market is everything -- well, not everything but a large portion for home depot. what do you think we need to focus on? >> with home depot, you have to look at the two big guys in the group, lowe's versus home depot. their comp spread against lowe's has been almost a 6 percentage point difference. they are able to capitalize on their pro business, higher ticket. they have a bigger exposure. the $900 and above tickets are working there. they're executing. housing slowdown, no housing slowdown, they're going to be the outperformer. >> they'll still taking market. >> their operating margins continue to go up while lowe's remain stuck. >> tjx is your first play in the space. >> yes. that's where people are shopping, that's where

you look at a brand like abercrombie.bout brands. so if i'm making a choice about what tooth paste to use, i have no idea which one works on my enamel enamel. i buy anything with a "c." where do i go to buy this yep, amazon. the power of the brand is diluted. brand is more powerful when there are lesser environments. >> i think you're cool. >> appreciate it. >> so heartfelt. coming up in hollywood, summer means playing it for laughs. >> that's so weird. is anything else missing? >> no. why would they just break in and steal -- >> i don't know. >> there'll be plenty more where that came from. you're watching "cbs this morning: saturday." >>> angela is fourth four years in a row. why is she not on the cover? she is at the helm of the fourth largest economy in the world, the largest company in the world. architect of the 28th country of the euro zone and the fate of the eurozone restsen her shoulders. what happens affects us all. >> another woman that affects us all is janet yellen and this she's new to the list. >> she's th