executive. >> adidas. >> i meant -- it's wrong no, no, 'sit -- >> very good. >> adidas. german company we got all the details on the ncaa bombshell coming up is the monolithic view of emerging markets obsolete? at pgim, we see alpa in the trends, driving specific sectors of out performance. where a rising middle class powers a booming auto industry. a leap into the digital era draws youthful populations to mobile banking and e-commerce. trade and travel surge between emerging markets. everyday our 1,100 investment professionals around the world search out opportunities for alpha. partner with pgim, the global investment management businesses of prudential. i enjoy the fresher things in life.o. fresh towels. fresh soaps. and of course, tripadvisor's freshest, lowest... ...prices. so if you're anything like me... ...you'll want to check tripadvisor. we now instantly compare prices... ...from over 200 booking sites... ...to find you the lowest price... ...on the hotel you want. go on, try something fresh. tripadvisor. the latest reviews. the lowest prices. >>> welcome back

united states, but also adidas in europe.ch is also an issue to us. >> you don't think the market has already figured that out >> no. i don't think the market has figured it out we lowered our numbers twice in the last month and a half. below the street with our numbers. the stock still trades at 20 times earnings and the market is trading at 17, 17.5. we think there is a risk here of multiple compression, earnings risk and the stock can go down further. >> do you think we're in an era where jim cramer called it the end of the era of the high price sneaker. this generation would rather wear cheap chuck taylor than pay for the latest inovative model >> i don't think that's true and let's take this to a different company. lulu lemon launched a $90 sports bra. so, if they can sell a sports bra at $98, that says to me that nike, if they give real innovation and a real product, they can sell that product at a higher price point let's talk about adidas. adidas has put in real inoovation and they're selling that for the first time a

and adidas, the marketing guy at adidas, was giving money to high school kids and their families to sendthe university of louisville. since when it is illegal to give someone money to send someone to a school? isn't that a college scholarship? scarlet: you are treading on -- >> this is the whole point. ncaa is not the law. they have rules that are different from federal law. what it looks to me like, is that the fbi has decided to do the ncaa's job and basically criminalize the laws of amateurism. julia: where is the line between bribery and a deal? >> that is a good question. for many years, nike, adidas, reebok, would pay coaches to get their athletes to wear the shoes. using the logic of today's indictment, that is a bribe. they bribe to the coach. abigail: if you are questioning the appropriateness of this, what is the motivation? who is behind it? >> i really want to know. how to the fbi get onto this in the first place? is this one school ratting out another school, which by the way happens all the time, only they went to the feds. a lot of the bribes were made by fbi agents and by

they have lost a coolness factor due to adidas.talking today louisvilleeport at university that rick pitino is expected to be fired. how much does basketball and men's basketball sell a deed us, and how much is it -- id this and how much -- adidas and how much is the jenners? more theis much pop-culture icon helping them improve their sales in the u.s. james harden in the united states, but that is not what they have been -- what has been driving the business. their shoes are cool. running has a -- has been a good category. vonnie: the company went through a lot of structuring -- restructuring. matt: they basically have refocused the brand on these core parts of the business, and really on the u.s. and on u.s. cities. that is a big push adidas has made an nike has followed, focusing on urban areas to gain influence and get the advantage with social media and popular people. vonnie: to what i just said about espn. espn is reporting that rick pitino is out, that is a done deal. anticipate the halo effect? nike is having its own probl

adidas and the broader market as consumers opt for more faxable athleisure over performancewear. nike needs to get the cool factor back. i'm sarah icen for "nightly business report." >>> the dow recorded its first four-day losing streak since june. it fell 11 points to 22,284. nasdaq rose nine and the s&p 500 was up just a fraction. >>> the ceo of equifax is out. the company announcing this morning that richard smith is retiring in the wake of the massive breach that potentially impacted 143 million americans. and his departure comes days before he was to appear on capitol hill. aditi roy is on the story for us. >> reporter: equifax announced big executive changes starting from the top. the board of directors appointed board member mark fieldler to serve as chairman, and seven-year veteran of equifax paulino rivera jr. was named as well. the ceo walking out the door days before he is to appear before congress is an abdication of his responsibility, critics said. smith is scheduled to testify about a massive breach that affected up to 143 million americans. an equifax spokesperson

>> the connection to adidas, explain to me again, it starts next year. so that's future revenue that this school would be losing if adidas says -- >> they did an extension in advance. they signed the extension a month ago. and it was going to start next year and run for ten years at $16 million a year. so they're still an adidas school, they renewed. but now what happens to that renewal? >> what about future fallout, recruiting athletes, things like that? >> some of the students already today said, actually we're not going to go to louisville, now that coach pitino isn't there, because they were recruited, so they're high school seniors now, they would start next year. they said, you know what, we're going to reopen our recruiting process but it louisville isn't happening anymore. if you lose these top notch kids, who is watching games, who's paying for tv rights? all of a sudden that budget starts to hurt. >> and it defines, does it not, the town, to a certain extent, the city. lost revenue from people coming to the games. >> right. >> i would think tha

adidas confirmed one of their employees was arrested. the feds alleged that some of coaches accepted cash bribes from an agent. we heard about things like that before but they say there was a scheme where the aforementioned jim gatto from adidas funneled hundreds of thousands of dollars to some high school basketball players and their families. in exchange for getting money, the allegation the players would agree to pay for a school that adidas sponsored. that is a big part of this. you have it involving schools but you also bring a sneaker company, adidas, there has been a certain degree of suspicion in college sports. we'll see what they say specifically at the news conference. that is what people are watching closely the involvement of adidas in this case, all money going to high school players. neil: from what we understand involves not head coaches but assistant or associate coaches at university of arizona, university of southern california and oklahoma state university but that one concerned work the particular coach did at south

this is going to rock college sports adidas may have answering to do.ig company that's involved et even though it's only one guy. lot of evidence in these fbi -- >> thank you for watching "power lunch. >> "law and order" -- excuse me, "closing bell" starts right now. >>> yes, welcome to this episode of "the closing bell," everybody, i'm kelly evans at the new york stock exchange. >> i'm wilfred frost in for bill griffeth no vote this week on the graham/cassidy health care bill, instead they're going to move on to tax reform. we got all the details. >>> plus colorado governor john hickenlooper will join us with his plans to stabilize obamacare. >>> also breaking today is the major college basketball bribery scandal brian just mentioned involving coaches and an executive at

the f-b-i -- arresting n-c-double-a basketball coaches, agents, and an adidas executive. more on the allegations.. coming up. turns northeast later today & then heads farther out to sea - breezy tomorrow; falling humidity - feeling like fall friday through the weekend today: hot and humid. stray early afternoon shower. highs: 87-90 winds: n 5-10 mph tonight: partly cloudy. still mild and muggy. lows: 64-71 winds: nw 5-15 mph thursday: mostly sunny. breezy to windy. falling humidity. highs: 77-80 winds: nw 5-15 g 25+ mph coming up-- former uva student otto warmbier. what his parents are saying about his final days and a new report about what killed him. dollar reward for information that can help them find a missing college student. ashanti billie is from prince george's county. she was last seen on september 18th, in norfolk. her cell phone was found in a dumpster there, and her car was recovered at a different location in the city. seen september 18th, entering a military base in norfolk. she was on her way to work at a sandwich shop on base, but never arrived. anyone wi

but overall-- nike is still ahead of adidas. there is much more ahead on good morning washington. slamming the u-s virgin islands and closing in on puerto rico. new images showing the storms unbelievable power. the pleas for help right now on social media. also breaking now - desperate rescue attemps in mexico. an earthquake, devastating the capital city - as the death toll rises sharply overnight. good morning washington. im larry smith and im autria godfrey we;ll get to the latest from mexico in minute - but first.. eileen toss to eileen

, the trade is to be long nike and short adidas. that was not the trade adidas was a great one i think nike is in control of their destiny. to me, the innovation issue, and again, fashion over function, fly leather, steve, i know you care about that. >> i don't know how they could be in control of their destiny you had a bunch of bankruptcies. everyone knows about that. so it created a glut of inventory on the market. but they're in stores where they never were before. they're in kohl's. they could drive a much harder bargain with nike. my fear is their margins could compress because kohl's has them over a barrel. >> but kohl's doesn't have an e commerce model >> but now we have amazon where nike is trying to do that. amazon is trying to sell direct to the retail purchaser. and then now you have on top of it a distribution channel in all of these major hubs now. where in the past it was a sports authority, now you have a kohl's, a target the same amount of product, bigger distribution centers. >> now all of a sudden they drive margi

. >> i'll come to adidas in a second nike has been in trouble for a year and a half. that's a good buy now. remember, it was up at about 66 and now it's 53 and change it don't really want to lambaste plank or under armour for the fact that the stock market got carried away, but i do think the under armour story with the stock, and, pete, i know you're going to go bananas. we live on the air it's a cautionary tale for adidas and we'll talk about valuation. >> different companies give me one second to finish >> i know adidas has knocked the cover off the ball, i get it. >> yes. >> but now to valuation in the 40s, that's where under armour was, and i -- you're in a sector -- >> at das has growth, and this is my argument for lulu as well. lulu has gone towards men, right. that's the aggressive pivot that they have made and that's why they are still strong and if you look at adidas, they didn't have the kind of positioning in north america the way nike has had, and the problem with under armour is if you listen to this analyst today, 80% to 85% of the revenue is coming fro

to the pros to endorse adidas products. >> it's a cradle to grave thing. it's a system now completely run amok and the sneaker companies are a big part of it and the nba money which is enormous now is a big part of it they want to control the player, they see the player at 12 years old, he's a good kid now the high school coach has no control as he tries to bring them to a high school because his aau team or travel team which is a funded team now mass the k has the kid lokcked up. so the kid is money because he's talents. all of a sudden he gets pushed up the chain thousand guys wi guys will recruits him to college, sneaker company wants control, agent wants control and the sneaker company wants to on control him when he becomes a rowe so they try to take the kid at 12 if he's lebron james and control him right to the minute. and now the one and done thing which has to be destroyed, has to be eradicated and that is an nba thing, not a college thing. college does not control that. the nba players association controls that. they decide when people enter thei

so they are battling with and losing right now, but they're battling with adidas, who is coming in and is actually starting to take market share. >> and lower price points. but i also think that the growth point, how fast do we lose focus on, it's 60% of their revenue, shoes are a monster percentage of their revenue if they're going that well in the shoe market and they are in the last few months, i think that is being overlooked, the growth that we're seeing in china, 9%, and i know we're slipping here in the u.s., this is an opportunity to buy. >> this looks like a short term gain long-term pain type of a story. >> i think you pick it up cheaper. normally it would be pete that would be saying hold off and it would be me that's saying i'm buying with both hands here. first of all the dip isn't big enough for me today, judge and when you look at foot locker and nike, whenyou look at how all of it's down, and basketball shoes in particular are down 18%. but then we got this scandal, pete >> here's the advantage, they're restructuring. >> the division is restructuring and going online an

a short statement saying today we became aware federal investigators arrested an adidas employee.arning more about the situation. we're unaware of any misconduct and we'll fully cooperate with authorities to understand more and the complaint is also accusing an agent, manager, of funneling money to coaches throughout the nation. so, i'll get more details inside, sara back to you. >> absolutely, and adidas this morning saying they were just learning about this all this morning. didn't know much and they'll comply with the regulators contessa brewer, thank you >>> straight ahead, why o'reilly media ceo tim o'reilly says public sentiment is turning against silicon valley it's been a story 'vwee been all over here on "squawk alley." we'll talk to him next ...on the perfect hotel. so wouldn't it be perfect if... ....there was a single site... ...where you could find the... ...right hotel for you at the best price? there is. because tripadvisor now compares... ...prices from over 200 booking... ...sites ...to save you up to 30%... ...on the hotel you want. trust this bird's words. tripa

and is not in the complaint it sounds like it is just adidas.will get more information at noon when there is going to be a press conference with the charges. s?rk: is affecting other typically inre not the complaint. nike and under armour are not reacting. where we see more of a reaction is on the broadcasting side. ebs and time warner have the rights to broadcast. cbs is being affected. time warner looks like it's not. together, they have a multiyear contract to broadcast ncaa basketball. it's about recorders of the billion on a annual basis. we will see what ends up happening as a result of the investigation. point, there are implications not just for companies, but also for these teams and players. we will find out more at noon. vonnie: that is fascinating. like this might happen, this is very much out of the open. thank you for that. after they shed their macro fund, he is reinventing himself as the king of bitcoin. millionvesting 100 $80 of his own money to start a hedge fund. it will be the biggest hedge fund of its kind. yesterday, he tal

who in college has $240 to pay for some beer repellant adidas.

. >> adidas unveiled a pair of beer proof sneakers. they're coated with what the company calls a beer repellant. the shoes will be available online tomorrow and will set you back $240. so i've got questions. when they say beer repellant that means, what, like full spill beer on them it doesn't -- >> you can take a can of beer and pour it on the shoe like water repellant windshield

others include financial representatives from the company adidas. they are accused of conspiring to get athletes to play at universities sponsored by adidas. it's about giving money to players to come to their universities. >> the highest profile basketball program on the list is the university of arizona, it's go to be interesting to see how this effects the program. >> seam miller has been the head coach there for 10 years, i am curious to find out how much did the head coach know, how far do the fingers go. >>> the president is again tweeting about the nfl and the players who chose to take a knee. he tweeted, the nfl has rules and regulations, they should set a rule that you cannot kneel before the national anthem. >> jerry jones and his players, the dallas cowboys also took a knee, they called it a unity statement in the wake of president donald trump's fiery comments about nfl players that do not stand for the anthem. >> the message of eupty and qualitiy was getting pushed aside by the controversy. >> president donald trump's words led to 200 p

of course a big company in adidas. >> absolutely. four universities had assistant coaches arrested today. in the grander scope, too, you have ncaa violations, which may not be criminal, but the ncaa can come in and punish. you had the university of south carolina and the university of louisville among others that will find out are already mentioned in that. so the scandal can be a sports scandal as well as a legal one. >> brown: how big is it? because as i said, it's not that big of a surprise for people that follow sports that there is a lot of money involved, but these are blockbuster charges. >> the situation is significant because college basketball has operated for generations with a wink and a nod understanding that this stuff goes on, but it's very hard to prove it. the ncaa doesn't have subpoena power. it can only do so much investigation. the fact that you have the f.b.i., undercover agents, wiretaps, financial data analysts and the department of justice coming in and saying, this is an ongoing investigation, this is just th

the adidas louisville deal one of the highest contracts in college athletics. >> administrative leave, that may not please everybody we'll see. >> you got it. >>> let's check back in with tyler mathisen withwhat's coming up from the iconic conference >> melissa, thank you very much. we have the art of the deal from someone who spent most of his career negotiating hostage releases for the fbi he's now advising fortune 500 companies on how to get what they want. he sars h s they want. he sars hhares his strategies ad tips for you next. ♪ and let me play (bell ring) thank you so much. thank you! so we're a go? yes! we got a yes! what does that mean for purchasing? purchase. let's do this. got it. book the flights! hai! si! si! ya! ya! ya! what does that mean for us? we can get stuff. what's it mean for shipping? ship the goods. you're a go! you got the green light. that means go! oh, yeah. start saying yes to your company's best ideas. we're gonna hit our launch date! (scream) thank you! goodbye! let us help with money and know-how, so you can get business done. american express open. >>

. >> reporter: among those charged, the global head of sports marketing for basketball for adidas, jim, accused of bribing the families of high school recruits to get them to commit to louisville and miami, where adidas is a sponsor. >> these defendants conspired to secretly funnel six-figure payments to the families of three high school players. >> reporter: today, adidas said they were unaware of any misconduct. those four coaches have been suspended. and tonight, the ncaa said that if the allegations are true, they're a despicable breech of trust. david? >> linsey davis tonight. linsey, thank you. >>> when we come back here, it is 2017, but tonight, where women will finally be allowed to drive. >>> also, news tonight about o.j. simpson. just days before he's set to go free. what the paperwork now tells us. >>> and it is a popular show, "fixer upper." what the hosts have just revealed. more news ahead. 83% try to eat healthy, yet up to 90% fall short on getting key nutrients. let's do more. one-a-day 50 plus. complete with 100% daily value of more than 15 key nutrients. one-a-day 50

adidas has made inroads.ause nike has not done what they do as well as they need to. nike,k in a sense, through lack of innovation and maybe some over distribution of some product, or putting product in the marketplace, has opened the door for a adidas, and they have even close to it. while adidas is doing well, i would not say it is because of adidas that nike is doing poorly. it is because of nike that nike is doing poorly. up and about, coming up next. some resiliency. you can call it awesome or whatever you want. positive.0 futures market -- ahe bond bit of a selloff emerging. the open higher. a dollar strength story in the fx market. ♪ who knew that phones would start doing everything? entertaining us, getting us back on track, and finding us dates. phones really have changed. so why hasn't the way we pay for them? introducing xfinity mobile. you only pay for data and can easily switch between pay per gig and unlimited. no one else lets you do that. see how much you can save. choose by the gig or unlimit

you're now the ambassador for adidas. which is super rad. look. that's so fun. >> yeah, it's really cool. >> jimmy: are you loving this? >> it's really awesome. i've been in adidas since i was a kid so. >> jimmy: i sleep in that, every night. [ laughter ] i didn't know how you got into by bedroom, but yeah. >> i actually do. that's exactly what i sleep in. >> jimmy: yeah, no i mean, the tank. >> oh, yeah, yeah, yeah. [ light laughter ] >> jimmy: i sleep in a giant butter dish. in my -- [ laughter ] it's a giant butter dish that i have in my bedroom. i don't want to get into it but -- no bigl, and -- [ laughter ] but you've always been a fan of adidas -- let's just get ready for the aww, how cute moment. look at this. >> oh my god, i look like a a boy. [ audience aws ] >> jimmy: oh, no. look at how cute. are you kidding me? >> my mom gave me the most insane haircut. or maybe i did it myself. [ light laughter ] >> jimmy: i love it. it's a great haircut, man. and you're getting a big award tonight after our show, tonight. >> yeah, i have to lik

if you're looking for the perfect kicks to kicks it in, adidas credits oktoberfest originals.proof or in this case beer and vomit proof. >> that will be happening a lot. >> designed specifically to match leiderhosen. the cloth is much like the shirts they wear, that is "cheers" what everybody screams before they down their giant mug of beer. if you buy it, you get yourself this one liter beer stein as well. >> the soles look deeper, taller so if you're stepping in puddles of puke and beer you're not getting your feet wet. >> if you're planning to go to munich or any of the oktoberfest events you may see around you can pick these up, available online for about $240 u.s. >> i'll wear a pair of rubber boots. >> i'll stick to my sandals. >> i'll take a pair. >>> baby talk. >> i do not find this funny at all. >> see it, next "right this minute." >>> and still to come, the best man is about to give the newly weds a gift. >> i must admit it's wrapped perfectly. >> hear the epic rap that really gets this celebration started. >>> plus penny heads down on the zip line. >> just as chill

upon turning pro, players would sign sponsorships with adidas.ne of the schools under investigation is louisville. louisville signed a ten-year, $160 million apparel deal with adidas this past summer. head basketball coach and hall of famer rick pitino says the allegations come as a complete shock to me. the university says any violations will not be tolerated. >> this is the way stuff has been getting done for a while. >> gary parrish is a college basketball analyst for cbs network. >> when that adidas executive facing serious jail time, so he's going to talk. it's scary stuff for a school that's ever benefited from that. i promise you they're nervous right now. >> president mark emmerich said the nature of the charges brought by the federal government are deeply disturbing. >> how do they think they're going to get away with it? it seems like there would be a paper trail on this kind of transaction. >> i think that's the question. the interesting thing here was this was the fbi. this wasn't the ncaa, and maybe that knowledge is out there that t

. >> james gatto of adidas. they funneled money to attend universities sponsored by adidas. upon during pro schools would sign with adidas. one of the louisville. louisville signed a ten-year $160 million apparel deal with adidas this past summer. head basketball coach and hall of faker rick pitino says the allegations come as a complete shock to me. the university says any violations will not be tolerated. gary parish is a college basketball analyst for cbssports. >> he's going to talk. it's scary stuff for any school in this country who's ever benefitted from a shoe company's influence. i promise they're nervous right now. >> mark said the nature of the charges brought by the federal government are deeply disturbing. we have no tolerance for this alleged behavior. adidas told us they're not aware of any misconduct but will cooperate with authorities. >> how do they think they're going to get away with it because it there's a paper trail. >> what's interesting is this with does fbi, not the ncaa. main the knowledge is out there that they don't have the knowledge or resource

maria: why did you choose adidas over nike or under armour. adidas has been hot right now. half ago, they are talking about making 3d sneakers. they have a momentum. >> more girls play volleyball than play soccer, than play basketball and we are continuing to grow. in the boys side of the game, second-growing sport. and so we wanted to be with a brand that was as hot we felt we were so that together we would be able to grow. maria: you used to play volleyball. dagen: fast-paced, completely dedicated team sport and you don't run the risk of getting injured as you would in other contact sports. to that point, if you want to set a body standard for women, look at the women who play beach volleyball. that's the way you think about body image. incredible athletes to watch. >> dagen, phone is looking at the people who play beach volleyball, just so you know. dagen: i do. [laughter] maria: volleyball is gaining so much popularity. more female high school students played volleyball since basketball and since 2012 overall participation increased by 7% and you said it earlier, becaus

what does adidas stand for today? it means all day i dream about makers.r jordan brand as the united states number two speaker seller. while their own brand itself was still on top of the list come adidas sales grew 13% the month of august. market shares more than 11%. a huge jump for adidas. cheryl: look at the stock. that is the year-to-date chart. that is nice. >> neck is down 3%. sales growth up one of 45% in the last two quarters. they are always great-looking sneakers. >> they are great running shoes, too. >> fashion week helped these brands. nike had a big presence in fashion week. >> maybe that's what put them over the hump. >> you can target more than just the athlete. cheryl: thanks, jared. you can catch sports reports on fox news headlines 20 for seven unserious xm channel 115. cheryl: we are going to get some twitter comments on that. coming up, we are going to go to london to find out how today the fed meeting is the fact the more than the market. we will be right back. ♪ what powers the digital world. communication. that's why a cutting edge

the accused of conspiring to pay high school athletes to play at university sponsored by adidas. they say there are two different schemes. >> college coaches took cash bribes for managers and advisers in exchange to directing players and their families to those drivers. the second scheme managers advisers and those affiliated with the sportswear company work together to funnel money to families of some of the country's top high school recruits upwards of $100,000. >> the fbi used secret recordings during the investigation. they issued a statement today on twitter saying it was surprised to learn about the investigation and it has placed tony bland on immediate ministry of leave. the coaches, advisers and adidas representatives are in federal custody. >>> uc davis will receive a multimillion dollar award to create a stem cell program. the college is scheduled to receive $7.9 million on thursday. that money will be for the uc davis to create the first off a clinic stem cell program in northern california. the goal is to produce a safe stem cell therapy for widespread use. >>> thous

three adidas employees were charged in the case. >> adidas and louisville have been together for a longtime, and the recent contract is a 10-year deal for $160 million. that is the sixth largest shoe and apparel deal in college sports. patino but in 2014, complained about how the sponsorship influence the recruiting pool. that he just news that have placed the executive on leave and have conducted an outside investigation. it is not just louisville. one of auburn's streak routes announced he was leaving the program wednes assistant coach was charged in a probe, too. auburn is offering full refunds for basketball season ticket holders. adrianna: all right. britain's prince harry made quite an impression on a young lady in toronto, playing a game of keepaway with popcorn with a two-year-old in the stands.this after she stole a few kernels. fatherttle girl's happens to be participating in the invictus game. look at her. two years old, stealing popcorn from a prince. she is like, "no, don't touch me, prince harry." another good day on tap for us locally. alex: it is gorgeous. adrianna: we a

some recruits were promised payments of as much as $750,000 using money supplied by adidas to play atchools. >> the bribed copes showed little regard for the players' well-being. they ignored red flags, seeing only the green of the cash bribes flowing their way. >> the fbi used secret recordings and undercover agents during the investigation. in a statement, the ncaa president called the charges deeply disturbing and, a quote, despicable charge. >>> the warriors may end up celebrating their victory in washington, d.c. at all. nancy pelosi, the house minority leader, invited the warriors to go to capitol hill. the caption say, the offer still stands, after tweeting a picture the letter she sent. >>> the national anthem protest might cost the nfl a big chunk of change can. directv says that people can cancel the envelope package if they say that the reason is for the protests. the nfl gives $1.2 billion from the licensing services. the package costs $280 a season. refunds for the services are not given once the football season is underway. >>> the giants lost to the diamondbacks 11-4 ye

a representative from adidas is accused of paying high school recruits. assistant coaches at usc, the university of arizona, auburn and oklahoma state are also facing federal charges of taking bribes. several top players were promised payments as much of $150,000 using money supplied by adidas to play for certain schools. officials say the defendants seized the opportunity to make money off of vulnerable kids. >> the bribed coaches showed little regard for the players' well being. they ignored red flags, only seeing the green of the cash bribes flowing their way. >> the fbi used secret recordings and undercover agents during the investigation. in a statement, the ncaa president called the charges deeply disturbing and a despicable breach of trust. >>> the time is 6:56. a new study about the growing problem of homeless young people in santa clara county. the bill wilson center released new findings on youth homelessness at the county board of supervisors and found that the number of homeless youth in santa clara county is a lot higher than in previous year

nike is still ahead of adidas overall... but the fading popularity of air jordans, a brand that launched in the 1980's, is a telling sign. the 1980's, is a telling sign. (vicki) it's not an irish coffee....but it's apparently the next best thing starbucks has debuted its new whiskey-flavored coffee. relax...there's no alcohol in the coffee. it's made by placing unroasted indonesian coffee beans in empty barrels that once had aged whiskey inside. company officials say this allows the beans to soak the flavor. this coffee is available in select starbucks reserve bars across the country. (vicki) coming up on kron4 news at nine... it is a bizarre story you'll only see here on kron4... a mannequin stolen from an east bay boutique with a note left behind.... tonight... that mannequin has been returned with yet ááanother weird note... we'll tell you what it said...(grant) plus... first it was tranformers...now it's star wars... tonight we'll hear from employees at a local donut shop who knew the victim who was robbed by a man weari

a top adidas executive was named in the federal complaint. accused of exiering to funel six-figure payments to families of three high school recruits to attend universities sponsored by adidas. >> trevor: for more on this college basketball scandal we turn to our own college athlete michelle wolf, everybody. (applause) michelle, big question here, what can the ncaa do to stop fraud, bribery and corruption in college sports. >> easy, pay the athletes. done. problem solved. yeah. what else you got? world hunger? feed them. climate change, cool it. we got two and a half minutes here and i am solution lady. >> trevor: well, that doesn't help anyone, michelle. i mean this ncaa scandal is a little more complicated than that. >> no, it's not. there are two things i think when i watch college sports. one, athletes should get paid. two, michelle, stop fantasizing about these players, some of them are teenagers. >> trevor: well, actually, i never thought about that. >> i think about it all of the time. >> trevor: now, michelle, one of the main argument

. >> reporter: and adidas yeezies may be the pinnacle of this exploding illegal industry.arpets, runways, all over instagram. these kanye west-designed kicks are everything. knit upper, chunky sole. but buyer, beware. genuine yeezies retail for around 200 bucks a pop, but they're so rare, sell out so fast that what amount to sneaker speculators are selling them with massive mark-ups. >> how much are we talking for these? >> 12. 1200. 700. maybe 700. 1,000. 1500. >> 1500 bucks for those? >> yep. >> reporter: i'll explain the mask in just a minute. >> it's like the stock market. one day it's worth 500. next day it's 1,000. and just it all comes down to how many are available. >> reporter: these are all real but that shortage now fueling a counterfeiting explosion. and some fakes so good that many consumers are turning to unofficial authenticators online. >> there are certain things the fakes have that real ones don't. >> reporter: yeezy buster calls out the fakes daily to his hundreds of thousands of followers. he says the mask hiding his identity for fear of being sued. >>

executive to pay high school recruits six figures to go to louisville, a school sponsored by adidas. louisville interim president greg postel told reporters he's angry and embarrassed. >> we're not going to tolerate what we have learned about. >> reporter: in the complaint, one of the coaches says of the pay to play scheme, we got to be very low key because the school was already on ncaa probation. some of the scandal that has dogged pitino's remarkably successful program. in june, the ncaa sanctioned louisville after an assistant coach hired strippers and prostitutes for players and recruits. pitino, who denied knowledge, was suspended for the first five games of the conference season. is this one scandal too many? >> for rick pitino, yes. and he's going to be basically viewed as someone that the polarizing to the point where nobody in college basketball's going to want any part of him. >> reporter: pitino's attorney insists the coach has done nothing wrong. as for louisville, there's the risk the ncaa could issue the death penalty, banning the storied basketball program for at leas

the money was supplied by adidas, which supplies the program. rick pitino denies any wrongdoing. >>> now, i have one word for all of this. it is pie. looks, louisville is accused of doing wrong because it's violation but when i think of college sports and money, these athletes should get a piece of the pie. if adidas thinks it takes $100,000 to get a player to attend school, it gives you an idea of how much these athletes are worth. i remember my college days. i want to squad couldn't get a job because football took up my day. i say find a way to make the money transaction legal and give these athletes a cut. in 39 states, the top a public employee is either a college basketball or football coach. it's 1% of the pie too much to ask? that's just how i feel. >> well said. and rick pitino makes what? several million dollars a year? it's more than his point guard and the forward and the center. >> cbs is next. captioning sponsored by cbs >> mason: relief out of reach. >>