. >> as we head to break here, let's take a look at shares of abercrombie and fitch.hat has them so worried. i'm melissa lee and you're watching "fast money" on cnbc. in the meantime, here's what else is coming up on "fast." ♪ ♪ >> that pretty much sums up the scene inside your local mall. so which retailers are thriving and which are dying? the former ceo of one of the biggest retail in the game gives us the real tale and tempers flaring over minimum wage. could robots be the solution? we'll tell you what the ceo had to say when "fast money" returns. >>> welcome back to "fast money." airlines are facing two huge hurdles. long lines led to thousands of delays and cancellations as a tsa struggles to find a balance with a rising number of travelers. they are expecting 740 million passengers this year, up 15% from 2013 and this as oil breaks through the key $50 level for the first time since october. so which will have a bigger impact on the stocks, rising fuel prices or traffic. a transportation analyst is here onset with us. welcome heleen. good to see you. what should

watch to see how badly abercrombie might be heard by the drop in u.s. mall traffic.rombie's ability to control inventory should mean less stuff and better operating margins d aand more stuff. >> it is interesting this is a company without a ceo. >> since 2014. >> mike jeffrey stepped down. >> this is the third year in a row burger chain has had to ask a workers to stay home for the day as pushing for $15 hourly wages and rights to form a union. >> starbuck's new location will be in shanghai china in 2017. this is the roastry concept. fancy store. howard schultz will be on 3:00 p.m. eastern to discuss the move. he's been very bullish on china. he came out during the early part of the year when investors were all worried about the china growth story. and he said we're in it for the long-term. echoing tim cook and mike parker of nike and so many others. >> i like the destination stores as well. roastrery. >>> peter thiel confirming he financed hulk hogan's trial. thiel decided nearly a decade ago that was going to set a plan in motion to fight back against gawker. this

. >>> total sales slide for the 13th straight quarter at abercrombie and fitch. that's where we begin tonight's ma focus. the fashion retailer also reported a decline in profit as fewer shoppers hit the stores. the results fell short of expectations, abercrombie says the current quarter will remain challenging. shares plummeted more than 15% to 2114. sears says it will explore options for its iconic kenmore, craftsman and diehard brands by expanding availability outside of the stores. the news comes as the retailer posted a continued decline in earnings and revenue. company announced the departure of its chief financial officer. investors seem to be pleased with the news, shares rose 6.5% to 1334. >>> and sales soared at discount chain dollar tree, prompting the company to raise its guidance for the year. profit also rose in top estimates driven in part by the company's addition of nearly 8,000 stores, from its acquisition of rival family dollar. shares were up more than 12.5% to 8837. >>> profit rose a whopping 46% at burlington stores, which helped the off pric

: -- dudes. >> in real life, abercrombie & fitch -- >> jimmy: they got rid of that. yeah. [ audience aws ] >> at the beginning of this movie, he's very lost. >> jimmy: oh, it ends well. it ends well. >> yeah. >> jimmy: old navy. >> but it's cool. don't be deterred by that. [ light laughter ] >> jimmy: yeah, no, it's funny. >> it's really funny. >> jimmy: well this -- yeah, i don't want to -- >> go ahead, go ahead. >> jimmy: no, what were you going to say? >> i was going to say -- [ light laughter ] he does redeem himself. >> jimmy: yeah, exactly dude. >> yeah, man. [ laughter ] >> jimmy: i was going to say that, man. >> dude, don't [ bleep ] touch me. >> jimmy: don't touch me, dude. [ laughter ] here's zac efron in "neighbors 2: sorority rising," take a a look at this. >> just you dancing is enough to distract the entire sorority? i don't know about that. >> that'll work. >> it'll work. >> it usually works. >> i don't even know where we are right now. >> okay. >> okay? >> i'm ready. >> all right. let me -- >> no. i don't have the baby oil. >> what's the big deal? >>

abercrombie stores sales missed estimates down 4%.estimates, helped by the westbound stores. -- west elm stores. jon: saudi arabia is set to real think currency as the strains. you do it in the forwards market . saudi arabia will seek details on the bank's forward contracts. the monetary policy will warn banks on products. the back story is a crude rout of the last 24-months and pressure on the currency pegs for the producers. the idea is you go to a flexible exchange rate to get your domestic currency and revenue denominated in the higher to weaken your currency against the dollar. the speculation and momentum has built over the last 18 to 24 would fall.the peg that expectation in the forwards market, saudi arabia set to probe think currency rates as the ped starts to trade. at 375.the real is a check on the first word news, your set up for the day, president obama says world leaders are rattled by the prospect of donald trump as president. he says leaders do not know how seriously to take some of donald trump's pronouncements. presi

abercrombie & fitch brand here in the united states, sales and worldwide down about 8%. hollister brand down 2%. at end of the day, loss of 59 cents a share. the street did not like that. flip it around. not all retailers hurting hurtingdollar tree, acquired family dollar. their revenue picture when they reported earnings beat wall street estimates. revenue came in up 2.3%. sales really good. this stock was up, was it, about 13%. melissa, back to you. melissa: adam, thank you very much. david: phil flynn, getting close to the $50 mark before memorial day and went down again. >> it did. tell you what, donald trump still took credit getting above $50 at his press release today, giving that speech in north dakota. tell you what, there are a lot of concerns about supplies around globe. strong demand. we saw a lot bit of profit-taking once we got above the area. a lot of people are speculating oil production will get ramped up as soon as we get above $50 a barrel. that was a target for a lot of people, caught this run, took money off the table. that will be a big deal. tell y

abercrombie & fitch, down for the 13th straight quarter and they're going to take a hit today down ata share, down at $3 lower. sales down at sears. they'll be pretty much unchanged on the day. how about netflix? now, there's a stock that's going to pop at the opening bell. should be up, $3 or $4. liz, you'll tell me why liz: there's word out according to bankers, that apple may want to buy netflix. apple is on the lookout for content. thought to be time warner. watch netflix stock possibly pop at the open. so this would-- >> did i hear you right? >> yeah, you did hear me right. stuart: apple thinking in the background of buying netflix? >> speculation from bankers. this would be tim cook deploying that massive cash and equivalence pile more than $200 billion. market value. no word from netflix, whether they would put themselves up for anybody. stuart: they're worth 40 billion and apple has over 200 billion cash. >> apple is on the move. stuart: i want to see how this shakes out. good stuff. now this, 11 states suing the obama administration of the transgender bathrooms. all rise. jud

he part time abercrombie & fitch model, speaker of the house, more than anyone else today ryan represents the party establishment. so if ryan is with you, you have unified the party. and if ryan is not with you, well then you are donald trump. >> he is the speaker of the house. he's the highest ranking elected republican in the country right now. he's the chairman of the convention. back in march he said he would pay a price if he didn't get along with you. what is that price? >> well, we're going to see what happens. >> if paul ryan chair the convention if he doesn't endorse you. >> that is a question you have to ask him and reince and i guess me. (laughter). >> trevor: right. that's why he's asking you am. you are you. i have never seen anyone dodge a question that way before. i can't help you. i condition help you, man. the guy you are looking for is me. (laughter) find me on tv sometime and ask me. i would do it now but i'm doing an interview with some dumbass. for more on this growing riff in the party, we turn to senior political analyst, jrd an klepper, everybody. the republican pa

i like to call it abercrombie and fitch.filed for filed for bankruptcy yesterday a losing money for 13or 1 consecutive quarters.uarters. the company said it would bet we closing 113 stores in the u.s.eh in addition to its 41 stores ste in canada. meantime they'll be shoppingshop themselves to potential buyers.buyers i suggest abercrombie andabercro fitch.tch. >> i see. >> how do you say it again. aga >> aero postal.osta >> does that mean airplane inn i a different language.angue. >> air post i guess. gue i don't know what it has to do d with clothes though.thes t >> that's what trending.s you know what awh hot topic is. raising the age.ge >> in california. >> california. >> they're putting marijuanati on the ballot to make it legal. >> let us know was think. t >> still ahead kevin back withkw a review of captain america civil a rare thursday reviewarur and a reminder as we head toea break if you have a news tipaves share it with us. 2,028,952,00us: vo: for dominion, part of delivering affordable energy includes supporting th

. >> paul ryan, speaker of the house and part-time abercrombie & fitch model.lse today ryan represents the party establishment so if ryan is with you, you have unified the party and if ryan is not with you, well, then you're donald trump. >> if he doesn't endorse you -- >> a question you have to ask him and i guess me. >> right. there's why he's asking you. you are you. i have never seen anyone dodge a question that way before. i can't help you. i can't help you, man, the guy you're looking for is me. >> ryan did not endorse trump or poke him with a stick or anything fun. instead, they just released a joint statement they were, quote, totally committed to working together and when donald trump commits to something, he totally means it. ask any of his wives. >> they're certainly having a good time with this one. >> the gift that keeps giving, donald trump. >> that's what's making news in america. >> stick around for "good morning america" a little later on. have a great friday the 13th. >>> good morning everyone, it is had 30:00 a.m., may, 13. we're following br

and then i looked everywhere for that new abercrombie & fitch catalogue, you know, the one with the naked i couldn't find it. and then there was that thing up in seattle. that sucked. i mean, on the one hand i support free trade and globalization,

interesting here that something that is affecting tiffany's is also affecting abercrombie. alix: on the other side, some retailers are helping to support the market. julie: it seems like it is more on the dollar store side of the situation. dollar tree is doing well after the company said that traffic was up and the average ticket is up. it's earnings beat estimates. pbh, an interesting situation. we heard from these department stores that it poorly and yet pbh, which makes calvin klein and tommy hilfiger, that company raised the full-year profit forecast with first-quarter earnings that beat estimates. they are doing pretty well and taking shares and growing internationally. that is according to some analysts. costo coming out with earnings that beat estimates. dollar general is following with the rival dollar tree in eating estimates. it is never monolithic when you are talking about the terrible us sector, there are bright spots. scarlet: pbh, a little bit concerning. let's check in on the first word news. mark: donald trump has hit the magic number. according to the ass

we do have one retailer faring less well, abercrombie & fitch.he company is down sharply, plunging on the 13th straight sales miss on the same-store sales. down 4%. weak retailer. vonnie: i was listening but we have a headline. the associated press is reporting that donald trump has enough delegates to clinch the republican nomination. this is from the associated press. it is reporting that donald enough delegates to clench the republican nomination. more on that, coming up. mark: still ahead, from brexit to china and mr. trump himself. we are navigating global risks. up next. ♪ vonnie: you are watching "bloomberg markets." york vonnie quinn in new with mark barton in london. into my bloomberg, you will see the shanghai composite has fallen. this is 17 right here. you can look at up yourself. things are looking calm in china's market now but not so much over the last year. our next guest reminds us that china will continue to fuel global risks. now, what kind of products will lead to volatility? >> we have products that lead low volatility access

shares of abercrombie & fitch tumbling and another apparel retailer, suffering. scott stapp will sing live. you're watching "mornings with maria" on the fox business network. ♪ can you take me higher ♪ ♪ to a place where ♪ the heirloom tomato. when you cook with incredible ingredients... you make incredible meals. fresh ingredients, step-by-step recipies, delivered to your door for less than nine dollars a meal. get your first two meals free at blueapron.com/cook . >> welcome back. with over 40 million records sold worldwide. creed was one of the top musical acts the early 2000's. this morning we're proud and honored to introduce creed's front man scott stapp here to perform his grammy winning hit "with arms wide open", take it away, scott. ♪ ♪ angels heard the news today, it seems my life is going to change ♪ ♪ i close my eyes, begin to pray ♪ ♪ tears of joy streamed down my face ♪ ♪ with arms wide open, under the sunlight ♪ ♪ welcome to this place, i'll show you everything ♪ ♪ with arms wide open ♪ ♪ with arms wide open ♪ ♪ well, i don't know if i'm read ♪ ♪ to

get your red nose today at walgreens. >>> all right, it's that time to stop trading. >> abercrombie, williams-sonoma is one stock you should by. laura alberts did a fantastic job. they are very technically oriented. westhelm up gigantically. laura albert, congratulations, was not willing to tolerate that minus .2 pottery barn last quarter. came back, made the pottery barn numbers good. google says they know how to use data better than anybody. they are one fabulous e-commerce user. and i'd love to have laura albert on the show. >> what do you have coming up tonight? >> louisiana kitchen, this is a tough business, the restaurant business. not like mcdonald's because they cut price. they hurt a lot of companies. i want to find out if they hurt popeyes. >> i'll see you here tomorrow. you'll be working tomorrow and so will i. and the ceo of six flags, technology playing a big role. "squawk on the street" back after this. years ago, i was starring in a one-woman show about a cat allergic to other cats. opening - slash - closing night it hit me: hats for cats. everyone said i was crazy. wh

. >> jimmy: but yet, in this movie, yeah, he loses his job as a shirtless model for abercrombie & fitchdon't -- they get rid of the -- they make them start wearing shirts. >> jimmy: yeah. >> and so he feels useless, basically. yes. he's just a guy in a shirt. he doesn't like that. >> jimmy: he doesn't enjoy that. >> yeah. and so he has no, he's kinda going through, like, a a quarter-life crisis. which -- [ laughter ] >> jimmy: which i believe is a a new term. >> it is a new term. >> jimmy: a quarter-life crisis. >> yeah. >> jimmy: yeah. >> the millennials, they're having them. [ laughter ] >> jimmy: so basically the house next to you is not a a fraternity any more and you're going to sell the house because you're having another child. >> we're having another baby and then a sorority moves in next door who -- well, it's a bunch of girls trying to start a sorority that has the right to party, which is not a legal right. but the symbolic right to party. because sororities in america are not allowed to party in their own houses. >> jimmy: i didn't know that until i saw the movie. that is tr

>> i think american eagle and abercrombie & fitch have been two of the better kind of addressing somein the marketplace. abercrombie & fitch is particularly interesting because they started closing stores a lot earlier than others, and so now they've really streamlined their store base quite a bit, and so you look at some of these others that are having to announce hundreds of closers and take huge charges. i think that was a smart move. they've also tried to get into the dna of how the consumer is changing, and they've brought some new fresh talent to the organization. >> how are they changing? how are the tastes different now? what do teenagers want? >> you know, i think past generations wanted to fit in a lot more than the current generation of teenagers. so what i mean by that is there's like a teenage uniform of a t-shirt and jeans and you don't want to stand out too much. that was my generation. but these days teenagers do want to be a lot more individual lis tick. they want to discover things that not everyone is wearing and they don't want a brand to dictate to them. >> really

aeropostle and abercrombie & fitch. >> the stock is at 3 cents.onder what the high was at one point. >> i don't know. i have to go buy cargo shorts and them them out. >> it's all on you. i saw someone wearing them the other day and said, i'm going to get me a pair. >> why do we like them? >> there are pockets. you can put stuff in them. >> long or short? >> i like them long. >> right below the knee. >> the fashion police don't -- >> are they fashion shorts? i have had the long pants. >> i have too. i am not allowed to wear those either. >> are you talking about long shorts? >> long shorts and pants. i have lots of cargo. >> i love cargo but i am told i am not allowed to. >> doesn't your wife want you to be happy? you should ask that. don't you want me -- i do all the time because i don't dress very well at home. >> if laura is watching and you want to call in and join the conversation, she is welcome to do that. we can talk cargo shorts. >> what about yelp. >> it's not good new york fashion. >> speaking of yelp. >> we're yelping. >> the cargo pant

how many more characters can we abercrombie to this poster? to come back and put homothere? >> just put the -- impeachment him on there? >> just put the hand on there. >> and "independence day" without will smith can it be? >> it doesn't seem possible to me. >> i don't know. your trade is getting a hemsworth instead. >> pretty good trade. >> an "independence day" sequel without will smith, like a "finding nemo" without fish. it doesn't make sense, sorry. >> it doesn't seem like it will be quite as lighthearted a movie. it may be more apocalyptic. >> is summer a better time to release than christmas? >> they're both big times for the studios. they put their prestige films out more in the winter, in oscar season. >> seems like there's two seasons for movies. the summer which starts in like late march which continues until the end of august. and then it's awards season. >> thanksgiving. >> i saw "founder" with michael keaton and thought he was great. ye i'm glad that he's back. ah. that's the story of ray crock, known as the founder of mcdonald's

abercrombie is trying to turn the ship around. >> it's interesting. we're hearing retail is dead.ve a specific name that through execution was able to manage through that all. so i think that this is a really important point in terms of retailers looking at the product mix. looking at what they are trying to do to write their individual -- >> -- last week we got retail sales and what were they buying? they were buying apparel so everything looking for entry point in department store but maybe you just buy straight apparel. >> i look forward to hearing from l brands in just a moment. and cisco's out. domonic has the numbers. >> shares up about by 4.5% for cisco. this is the world's biggest maker of computer networking equipment. this after the company reported earnings of 57 cents a share. beating the average analyst estimate of 55 cents. revenue slightly better. $12 billion on the nose. analysts looking for $11.97 billion on average. we should note also appears their guidance looks above some wall street estimates for both eps and revenue. earnings beat, sales and guidance looks b

we're keeping eye on abercrombie & fitch, a name that has been struggling. it had its 13th straight quarter where the quarterly sales dropped. the stock had dramatic move to the downside, down 18%. 20.$68 a share. neil: you've probably seen these long lines at aparts, by the way they're starting really early. used to be fried afternoonish, lines going out the yin yang. now they're going out the yin yang. we're told they will extend right through the summer. demand is that strong for travel. but, but, it comes at a time too when the tsa is under fire for making them too long. the airlines too for charging all those checked bags a lot of people carrying bags on plane themselves and making long lines even worse. alex wil cox the guy is legend in the industry. for those that want to go private, he is the guy you want to. anyway, i'm looking at all this, alex, not necessarily whose fault is itbut how do you fix it? what would you do at this stage? >> neil, there are a few different solutions. can we savor the airlines complain about customer service. tsa managed

as for earnings, look at this week for the likes of best buy, help, tiffany, lion's gate, and abercrombie> the g-7 are wrapping up a meeting in japan this weekend. the u.s. issuing a warning to japan against intervening in the currency market which they've been so effective at. >> with negative interest rates. >> yeah. a strong yen. and something that we would never do here, in other words, delaying rate increases to make sure that the dollar doesn't strengthen. never would we consider that. japanese finance minister said that recent yen moves are disorderly and one sided. the u.s. treasury secretary jack lew doesn't agree. even amid growing concerns about the energy industry, our next guest is doubling down on the business by starting a new oil venture. gary owens joins us now. former ceo of magnum hunter resources. which was the manliest name of any u.s. -- >> i watch too many clint eastwood. >> you have. keeping hunter. now it's energy hunter. you're a guy that likes to roll the dice. if we had to describe you, you like to take risk with big reward? >> definitely entrepreneur. i've bee

abercrombie and fitch down yesterday i think that was retail it was down again this morning not muchit on the chin no real bounce back 11 cents higher. don't forget mesa may sits that took a big hit $31 a share. apple is it at $100 a share. no it is not. $99.69. netflix was u up yesterday. down this morning. speculation that apple might buy it. it ended pretty quickly. yeah, no more speculation there. netflix is down a buck today. microsoft nearly at $52 a share. i do own it bouncing back from upper 40s that hit had recently. now this, google defeats oracle it's a copyright case. tell me what's going on, nicole? rnght apparently people in silicon valley are happy about this. so google defeats oracle in this case and plans to appeal and seen a parent of google up .5% and fulls back a tenth of one percent, and computer code and oracle has a software used in mobile products. but here's the catch alphabet and google didn't use too much of it. less than a tenth of one percent and that's why they're able to go forward and win on a ten jury case they got that pay. >> okay got it thank you s

. >> abercrombie & fitch lost 59 cents a share. eight cents wider than they were expected. consecutive quarter. okay. >> let's tell you about a story getting a little bit of buzz. shares of time warner are rising. financial times saying eddie q raised the idea of bidding for the media giant in a meeting in corporate strategy. it never got within the opening stages. of course this is raising the prospect of what apple may ultimately be interested in in terms of its media strategy. whether it might try to buy another meeting company and whether time warner would be on its list. >>> also, donald trump and bernie sanders independently agreed to a debate. trump was asked is on jimmy kimmel live. he said he would as long as the proceeds went to charity. sanders responding on twitter saying game on. i look forward to debating donald trump in california. we'll see if this actually materializes. i have a hard time with it being true. it was like, yeah, if he writes a big enough check. >> this was the goal. >> i know. and then the answer was -- he's not going to say now. 74-year-old

the next thing you know, the next morning they were lined up at abercrombie & fitch 50 people deep. >, you didn't just invent this, how did you do that nerf. >> well, we had a team. i am part of it. i've led the teams, i've been the guy ahead of it. but you don't do it by yourself. everybody is creative. but if you have a team of two, three, four, or five people, things -- good things happen. >> and how do you run a team? for those folks out there in the business world who have to run a team or be on a team. >> the first thing you do with a team is tell everybody to use the three magic words. >> what are the three magic words? >> what happens if -- what happens if? if you begin every sentence with that. amazing things happen. not what if. what happens if. >> right. >> and when you get a good idea, do something. don't talk about it. >> these ideas were your ideas, or do you think these were the team ideas? >> these are ideas that have worked for me in my teams. >> right. no, i'm saying when you look at nerf and twister, i know you're being very kind and perhaps humble in saying, this w

next thing you know they were standing 50 deep at abercrombie & fitch the next day. >> 50 years ago it'soodness. >> can i spin here? maria against ainsley. the goal is not to fall over correct? >> whoever falls over loses. >> she wins already. she's doing it in high heels. >> keep my thumb out of the way. here we go who's going first? you both go. >> we both go at the same time, right? i guess so. >> all right. >> the right hand on purple? >> no. no purple. >> oh my goodness. [ laughter ] >> green green green. there you go. >> left hand on red. >> left hand on red. >> i'm hitting it too hard. we are going right foot on yellow. >> right foot on yellow. >> all right. >> blue, blue. >> left hand on blue. >> oh, wait, how do -- -- >> just move your hand. >> there you go. make an error, slap him. >> left hand on red. >> left hand on red. >> one more spin. >> all right. >> okay. >> that's right hand on green. >> right hand on green. now it's getting challenging. >> here we go. >> my left leg -- >> right foot on red. >> right foot on red. >> oh. this is hard. >> here we go. >> hold on. >> stop