but undue hardship could mean a lot to abercrombie & fitch. all about selling sexy and doesn't want people to wear certain things that do not sell sexy. why is this unfair that they @@ determine how they want their marketing staff to be? >> they're entitled to have a look policy, and to do that. unless it discriminates on the basis of an individual's religion. a business can operate its business however it wishes, but it must comply with state and federal law. >> i get it. but why is it not undue hardship on abercrombie and it does not fit with their product? >> what does it do to cost them? how does it result in people in this particular case, with abercrombie kids, with adults coming into the store with their children, how is that -- is wearing a head scarf preventing or causing those adults not to buy the -- >>> i hate to say this, but some people actually fear that look, whether it's right or wrong, they fear it. and some people definitely don't think it's sexy. the whole idea of hijab is to be unsexy. darren kavinoky, you're a marketing g

she was willing to wear the normal abercrombie clothes. bill: abercrombie make the headscarf?o they have an a and c headscarf. >> you should know about this policy. we have done this oon kelly's court. this thing is over the top. abercrombie is very rigid about the looks of the people. it's to a fault. they just got slapped with a judgment over in the u.k. because some girl who was disabled who was missing the lower part of her arm. she had prosthetic. bill: they didn't want it. >> they tried to stuff her in the back and make her wear a sweater. very questionable. a christian who wanted to wear a longer skirt one that went below her knees they supposedly stopped that and they're getting sued for that. bill: john travolta testifies in the bahamas, these two people tried to extort money from him allegedly, and his testimony was effective, i understand, right? >> it was just -- so sad. two main things came out on his testimony number one the fact that he tried to resuscitate his observe son so when jet had that seizure back in january and essentially dead on the floor of the cond

abercrombie says it owns the trademark for its men's fragrance.ut a statement from the perfume maker says the word won't be used when it launches next year. >>> and that is your "moneyscope report." i'm vinita nair. >>> 6:25. we're still working on trying to get that wrap-up for you. i'll talk to mr. broome. we want to see if we can inspire more teachers to do that in the classroom. woodholme elementary school in pikesville, good example for schools across our state. a quick peek at the weekend, jumping ahead to saturday, we'll turn sunny but cool. 72 downtown. probably staying in the 60s. we'll drop into the 40s by sunday morning. you go from 60s today and rain, clearing tomorrow. we cool down over the weekend and then we introduce showers back in, not sunday but monday and tuesday of next week. >>> 6:26. here's kim brown. >> twitter.com/marylandtraffic is where you can get your traffic tweet updated to you instantly. southbound 95, traffic building as you make your way towards the capitol beltway but moving at a good pace. keep in mind you'll se

. >> abercrombie & fitch is a short. gap's been working, home depot. those are the ones we've been trying to steer you toward. but a & f don't make sense in this valuation. those glasses are great. >> did you get those at buckle? >> i don't know, joe, can you get those -- >> i've never been to buckle but we know you go to buckle. you shop there. no doubt about it. >> sure. >> the youth shop there. >> well, there's no question i'm a hip young thing. >> the youth shop there. >> look at lowe's today, too, which got knocked down about 4% on the impairments they're going to be taking for store closings, et cetera. i think this was an overreaction. guy likes home depot you like lowe's for the same reason. the housing index out today. three months in a row we're getting better daya. these guys will be getting a run. >> how about the online walmart, amazon? 95.40 spike high back on july 23rd. it's back up there again -- >> hey, joe-s that shirt from chess king? >> let's move on here. this is getting a little bit -- >> there we go. thank you. >> with that, let'

we'll find out who is fiercer, beyonce or abercrombie and fitch? abercrombie has a scent

. >> coming up, abercrombie & fitch, potash topping our list of drops today. but do you dare buy them on the dip? get the answer next in "pops and drops." you're the colon lady! diarrhea, constipation, gas, bloating. that's me! can i tell you what a difference phillips' colon health has made? it's the probiotics. the good bacteria. that gets your colon back in balance. i'm good to go! phillips' colon health. or just one brita faucet filter. - ( plinks ) - brita. >>> all right. let's get to it. today's edition of "pops and drops." we kick it off with a pop for the airlines. the xal up 4%. tim? >> asset-backed market. this works for these guys. they all need the money. very positive. >> drop for home builder lennar. down 3% on the session. joe. >> here's what i don't like about what lennar reported today. they took $117 million inventory writedown. at this point other home builders their writedowns are not growing. lennar's is. take a look at horton instead. >> monster worldwide up 4%. >> ubs upgrade "barron's" article over the weekend. talked about this with dr

on a hiking trail in the abercrombie mountains of washington state last week, it was a cougar that attacked 5-year-old simon. >> i stumbled and when i looked over there was -- the cat had simon by the head, his mouth was on his head. i was shrieking like i have never shrieked before. >> simon's mother fought the cougar off with the only weapon she had -- a water bottle. >> it's all i had in my hand. i don't -- i don't know. i just knew i had to do something. otherwise, the cat was going to win. >> simon survived. but in the battle of man against nature, the skirmishes appear to be increasing. is this boy lucky? >> he's more than lucky. if you get hit by lightning you don't survive very often. but he was bit by a cougar. >> animal expert jack hanna is the director emeritus of the columbus zoo who has been introducing us to adorable furry creatures on "good morning america" for years. >> is that amazing? these are warm-weather penguins from south africa. don't have a skunk as a pet. they can carry rabies. >> but he's very serious, he says violent interactions are animals are up because of ove

. >> drop for a & f, abercrombie & fitch down 8% this week. >> the cute girl on your left told to you short that one, and it's going to go lower than this. you know it's just starting to go down. this one trades for 28 1/2 i think. >> the cute one on the left. >> cute girl, which is a little bit not respectful. >> i've been called a lot worse. i'll take it. >> we've got a pop here for guinness. you know, the beer. >> ah. >> 250 years ago this dark irish brew was first brewed and drinkers worldwide are lifting their mugs in celebration. last night in ireland they celebrated the 250th. the singer tom jones and ronan keating. celebrations are being held throughout europe, asia, and africa as well. >> love tom jones. >> who's tom -- >> oh, yeah, love him. >> yo don't you belt out your -- >> oh, "it's not unusual." "delilah." >> sing a little. >> there's the reason. >> click on, baby. let's head to our prop desk right noup in fact the biggest week for ipos in 18 months and everything from a battery maker to online vitamin retailers hitting the tape. what could this renewed surge in offerin

abercrombie and fitch is involved in another lawsuit. they sued beyonce over a line of perfume. now they are facing a lawsuit brought on by the equal opportunity commission. they say tat they discriminated against its 17-year-old muslim for refusing to hire her because she wore a head scarf. the eeoc says the wearing of the head covered violated the policy. more money may be headed for the d.c. metro. one of the $50 million may be funneled to the system. this falls -- $150 million may be funneled to the system. as for trading, take a look at stock index futures. they are little changed. investors are waiting for reports on leading economic indicators for the month of august. that is your business news. live at bloomberg headquarters in new york, i am linda bell. back to you. have a great weekend. >> you, too. >>> when we continue on this friday, putting a face with the names on the vietnam wall. >> this is a person who had hopes and dreams that were cut short. >> a new project hopes to expand one of the mall's most moving monument. >> an astounding story that began at this targe

in the other corner, teen retailer abercrombie and fitch.are suing her because it is coming out with a perfume that is similar to the men's cologne. >>> check the bottom of the receipts for offers. the latest trend is to offer you free stuff or discounts printed at the bottom of the receipt. often times fast food joints will offer free items for a free survey and the same deal at a clothing score could score you 10 to 15% off the next purchase and often they will offer gas discounts if you fill up with an affiliated station. >> so when they say do you want your receipt i should say yes, because i always say just keep it. >>> the arrival of fall brings stinky invaders with it. details coming up. >>> and why astronomers are so excited about one of the new planets they discovered. >>> we are looking live at 50 westbound flying over from toe bay bridge to annapolis and the beltway. all lanes are clear. 65 degrees. 9 news now will be right back. # . >>> in the news now, phillip garrido the man accused in the kidnapping of jaycee lee dugard is als

abercrombie and fitch from a sell to a hold at citi.utting price target on the stock from 24, down from 33. concern about same-store sales deterioration. up next the countdown. after the bell, is long-term investing still the best strategy or is there a case to be made for thinking short term? carol, when you replaced casual friday with nordic tuesday, was it really for fun, or to save money on heat? why? don't you think nordic tuesday is fun? oh no, it's fun... you know, if you are trying to cut costs, fedex can help. we've got express options, fast ground and freight service-- you can save money and keep the heat on. great idea. that is a great idea. well, if nordic tuesday wasn't so much fun. (announcer) we understand. you need to save money. fedex [bell ringing]

eagle, abercrombie and ann taylor. i could have done amazon. but they're all working today. eagle up at 20%, if you will, month-to-date. and an taylor added an 11-month high, up 20% in successions. >> matt, thanks so much. >>> we're going inside the auto industry with the ceo of mercedes-benz usa. hear how his company is trying to jump-start sales in the luxury segment of the auto market when thelosing bell" comes right back. >>> it is a friday on wall street. got about 25 minutes to go before we close it up. here's how the major averages stand right now. six in a row, a little bit of work to do. the dow jones industrial average is right now down about 15 points. so it's cut some of its losses here. retail stocks, though, a bit of a weight today. oil has moved lower. it has weighed on the major averages. down by about three points or so, standing right now at 2080. down by three points. the s&p 500 is off as well today by about less than a point as well. we're possibly moving back to the flatline, maria. maybe we'll close positive. >> i'm telling you, we've come all the way

. >> i think abercrombie will blink. >> should we say holy chicken feet? chicken feet may be behind av t averting a trade war behind china and the u.s. american chicken feet tend to be larger and plumper than other chicken feet around the world. because americans like more white meat chicken, so the feet are bred to be bigger and it costs more to buy them. because american chickens have bigger breasts, so they must have bigger feet to hold them p up. >> time to go. look at the clock. >> senator olympia snowe coming up. i think that will be important. >> she says she's a republican. >> the democrats are holding out hope that she'll be the one vote, remember you had ted kennedy's passing meaning they had 59 votes democrats in the senate right now. they would need 60 to avert a filibuster on this issue. she could be that 60th vote right now. >> she was one of the gang of six. >> 4:00 p.m. eastern time, of course, john harwood doing that interview. we'll see you tomorrow. that's it for us on "power lunch." >>> i'm erin burnett. we still have 29 stocks hitting

. >> i still think that abercrombie and fitch is a short. >> karen?retail snide and j.t.? >> buy mcdonald's. >> all right, and if we can, quick check on research in motion, the big story after hours. it was down last check by about 14%. that could be the linchpin to tomorrow's tech trade. so keep an eye on that. i'm melissa lee. thanks so much for watching. see you tomorrow night at 5:00 p.m. for more "fast money" on cnbc. have r have a great night. >>> i'm jim cramer and welcome to my world. you need to get in the game. go out of business and he's nuts. they're nuts. they know nothing. i always like to say there's a bull market somewhere. "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. just trying to make you a little money. my job is not just to educate but to entertain. so call me at 1-800-743-cnbc. it's hard to keep your head in the middle of difficult action especially on a down day. it knocks 41 points off of the dow. but more importantly, slammed the nas

. >> abercrombie and fitch is a short. >> i'll take a long aro on the retail side. >> buy mcdonald's.ick check on research in motion, the big story after hours. it was down last check by about 14%. that could be the linchpin to tomorrow's tech trade. so keep an eye on that. i'm melissa lee. thanks so much for watching. see you tomorrow night at 5:00 p.m. for more "fast money" on cnbc have a great night. >>> this is big. take a closer look at the company you think you know. when it comes to pain relievers, you should know, bayer aspirin is one of most studied, most trusted, anti-fever, anti-inflammatory, and anti-pain medications in the world. from pain killer to life saver, bayer aspirin is the wonder drug that works wonders. to its employee storbenefits package at no direct cost to the company... it was a perfect fit. find out more at aflac!... ...forbusiness.com >>> it's part of the american landscape and a global icon 50 years in the making. 50 million customers a day. 31,000 stores around the world. >> a quarter pounder with cheese. >> can i help you? >> welcome to mcdonald's, can

teen retailer abercrombie & fitch the hardest hit, off 29% since this time last year the numbers notxpected that is what the market focuses on to. rebecca jarvis has the latest on that shot from retail sales. >> reporter: what we are looking at is a lot of retainers are stronger and that is because half ended up beating what wall street was anticipating. expectations so low, retailers managed to beat them. we saw the discounters were the place a lot of people went to back-to-school shopping, bought food at the likes of bj's, target and costco and back-to-school supply there is, weren't spending as much money as many anticipated at the department stores like the macys, jc penneys of the world, weaker than many had expected. there is another key component to this question and that is labor day. labor day came a lot later this year. as a result of that school is starting later and you still have a couple days in the month of september where people could be out shopping. those months, those days, rather, aren't encompassed in these august same-store sales data we are seeing today. there

abercrombie & fitch the stock has doubled since march. huge run. june comps awful, july comps awful, august comps awful. at some point that catches up. valuation will catch up at 22 times forward earnings. guess what, this stock made a high of 34.95 on august 14th. it's trading 34 1/4 now. it sets up real easy, stop down on a short position, any close above 35. i think you can get short this one especially if the tape reverses. i've been saying it for a while, i'll say it again. valuations don't make sense. it's a great company, great story, they're doing everything right. you can't make people buy things, frankly. their comps prove it. they're running the business better. but the stocks run out of gas. >> agree with you there, absolutely. that one is so stretched. i'm long aeropostale, you can be long american eagle but i cannot understand why they need to have a premium price like this. >> some pessimism on the desk when it comes to certain stocks. yesterday we asked all of you out there whether or not the dow would hit 10,000 bit end of the mont

in the bottom box, a muslim teenager from oklahoma filing a federal lawsuit that claims abercrombie andlated the store's "look." martha: we want to get across to you the death of irving kristol, known as the father of a new conservatism. he had a long career as the father of "the commentary." he is also the father of william kristol, who is often on fox news and founded the "weekly standard." crystal receive the medal of honor in 2002 from president bush, the highest civilian honor. he had a long, for full life. our thoughts go out to his family. trace: yes, our thoughts and prayers to bill kristol and his family. his father was a troop -- a true pioneer. right now, "studio b." [captioning made possible by fox news channel] captioned by the national captioning institute --www.ncicap.org-- rick: there are major new investigations into cia interrogation tactics. wait until you hear who is telling the president to call it all off. it could be the news we were fearing. words that iran could have the ability to build ale

louis and raleigh. >>> abercrombie & fich is suing beyonce knowles.'s fragrance. said neither the terms fierce or sasha fierce will be used in the name of the fragrance. but the lawsuit as we know it still stands. >> huh. >> robin? >> well, the name is no longer a problem. >> yeah, but i guess they just want to make it clear. they don't want beyonce and fierce competing with the men's cologne fierce. >> thank you, appreciate it. >> you're welcome. >>> an african-american woman said that a white man beat her in front of her 7-year-old daughter. the fbi's investigating it as a possible hate crime. you're going to hear the woman describe how her daughter reacted to the alleged attack. >>> a senate health care proposal could affect your wallet. almost everyone would have to buy health insurance or pay a fine. the biggest fine is almost $4,000 for families. small business owners may tap into tax credits to help insure workers. the plan does not include a public option for the uninsured. lawmakers from both parties are slamming the plan. >> any health care

in the dow jones industrial average, some consumer discretionary stocks are participating with abercrombie fitch, mcdonald's and "the new york times" all in the green. >> the biotech index which covers major components up more than 35% in just the last three months. there it is. what's driving this comeback? which stocks are the best bets right now? joining us, eric schmidt, who is not the ceo of google. he's the biotech analyst company. thanks for joining us today. >> thank you. >> joel, you like the smaller of the biotechs right now. you feel they're the better bet. >> i feel there's more upside there. as far as health care reform is concerned, the small cap biotechs exist in their own separate universe and they don't revolve around health care reforms. >> are you buying any of these because you think they're the next takeover target? >> oh, sure. well, not for that exact reason. definitely you can look at companies with unpartnered assets that are viable takeover candidates and even companies that have ex-u.s. partnerships have been taken over by big pharma. >> unpartnered assets. >> er

speaker, we commend representative abercrombie for his tireless efforts on behalf of his constituents and the preservation of hawaiian history and culture. we support passage of the house resolution 541 and urge its adoption in the house today. we reserve the balance of our time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from colorado. mr. lamborn: thank you, mr. speaker. i yield myself such time as i may consume. the speaker pro tempore: without objection, so ordered. mr. lamborn: the resolution has been explained well by the majority and we have no objections, and i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from arizona. mr. grijalva: we have no further speakers. we reserve the balance of our time. the speaker pro tempore: the gentleman reserves the balance of his time. mr. lamborn: we yield back. the speaker pro tempore: the gentleman from colorado yields back. the gentleman from arizona. mr. grijalva: we yield back, mr. speaker. the speaker pro tempore: the que

the three a's, abercrombie, american eagle and aeropostale. who would have chunk it? and expect it to continue, also spice maker, mccormick, posting better-than-expected results, the company raising lower end of its 2009 profit outlook. >> maybe more people eating at home. all right, wall street powerhouse, goldman sachs, reportedly sitting on a record $16 billion in bonuses this year, according to reports out today. this of course as european leaders take a tough stance, they say they will, on banker pay at the g-20 summit in pittsburgh. would regulating bank pay help reduce risk or hurt fed business? on the power grid is our democratic strategist and republican strategists. you guys have 20 seconds to make your case. trent, et me start with you. regulating banker pay, good idea? >> no, bad idea. it will just scare banking talent away to singapore and london, and hurt the u.s. financial services industry and scare the talent from the regulated banks, like the 25 that the fed wants it take a look at, to other nonregulated aspects, that's a bad idea. it will just lead

among them, abercrombie, american eagle, j. crew, and gap. that's cnbc.com news now.an. >>> live from the financial capital of the entire universe, this is "squawk on the street." good morning,er. i'm mark haines. we're looking at a higher open for stocks after weekly jobless claims unexpectedly fell. and that turned the futures ash. they were negative. >> good morning. i'm erin burnett. reports that citi will shrink its retail banking footprint may be a little bit premature, according to reports from mary thompson. she's going to have more on that coming up in a few moments. >>> barney franks, house financial services committee, holding a hearing this morning on systemic risks. we're monitoring it. we'll bring you any of the headlines. >>> and the g-20, you can see pictures. barney frank on the top and he'll be sitting in the back, and the g-20 at the bottom kicking off in pittsburgh. executive compensation is a topic there. the mayor of pittsburgh is coming up in our next half hour. >> let's check the futures. they were negative earlier this morning. the jobless cla

. >> wells fargo upgraded, abercrombie and fitch downgraded. >> all right.till ahead on "squawk" this morning, pennsylvania governor ed rendell on politic, health care reform and the u.s. economy. you are watching "squawk box" on cnbc, first in business worldwide. fithe same tools the pros use, so you can be a disciplined trader. by selecting from eight advanced triggers, your order gets executed, even when you're busy. and with trailing stops to help you lock in profits and minimize risk, you can be confident in your strategy, no matter which way the market moves. find out why more and more active traders are turning to fidelity for a smarter way to trade online. trade like a pro. trade with fidelity. you must be looking for motorcycle insurance. you're good. thanks. so is our bike insurance. all the coverage you need at a great price. hold on, cowboy. cool. i'm not done -- for less than a dollar a month, you also get 24/7 roadside assistance. right on. yeah, vroom-vroom! sounds like you ran a 500. more like a 900 v-twin. excuse me. well, you're excused. th

. >>> a new lawsuit could mean trouble for abercrombie and fitch.g story of survival in the california wilderness. don't go anywhere.