this guy chip wilson is not great with talking about women, which is bizarre, he was running a companytered almost exclusively to women. >> no, he really shot himself in the foot with the comments this he made, and also, the apology that he issued, wasn't really an apology, not i'm sorry for isolating groups of customers or body shaming women, i'm just sorry i said something stupid and that my company is going to suffer the consequences. >> now, you worked there. let's listen to what he had to say first of all, which wasn't really an apology. listen to this. >> some women's bodies just don't work for it. it's about the rubbing through the thighs, how much pressure is there over a period of time. >> that obviously wasn't the apology. that was the offending comment and all it's ingorous nature. you worked there. was it actually the realty? was there a policy by the stores, the lululemon stores to detour larger ladies from coming in? >> well, the story worked at, lululemon makes a size 12 which is the low ernd of plus size and they were not displayed with other sizes on the store wall. th

the founder and chairman chip wilson announcing he is stepping down.er a big apology. lululemon had some problems with some of their yoga pants being a little too transparent. chip wilson said, well, the company's pants don't work for, quote, some women's bodies. but he did quickly walk back those comments, and today chip wilson is resigning as chairman. zain asher joins me from the new york stock exchange with more. do the comments have anything to do with his departure? >> well, you know, we reached out to lululemon. we haven't heard back. the company is being very hush, hush about this. all they're saying chip wilson decided to resign effective next summer. obviously, these comments did not help. they're hugely controversial comments. he's known within the company as being somewhat of a loose cannon. after those see-through yoga pants were recalled earlier this year, he effectively blamed the customers. here's what he said, and i'm quoting exactly. he said, some women's bodies do not work for it. it's really about the rubbing of the thighs and how m

back to lululemon, speaking of dressing appropriately, i have seen chip wilson, the soon-to-be ousted described as a loose cannon. is that fair? >> absolutely. he just gives us more fodder for headlines. you can almost, at this point i was going to say he could be a "saturday night live" skit. he is. we have seen this before in some executives, especially founders and entrepreneurs tend to be let's just say quirky sometimes. it's not uncommon. but i think the right thing to do is move him out of the scenes and put in someone who can run this business. this company is big and it's important and it's nowhere near the size of the company when he founded it. so he's long ago been behind the scenes but now this is really making it official. i think it's important, i think that lululemon's customers and shareholders need to see this happen. >> when i first heard the comment he made about women's thighs and you need to have a certain kind of thigh, not a fat thigh, in order to be the right person for lululemon yoga pants, i thought this guy really doesn't know who his consumers are. >> exact

founder and chairman chip wilson is stepping down. c-e-o christine day will be replaced by laurent po-dev-in, former president of toms shoes. lululemon is hoping the new leadership will help the brand expand globally and put a series of quality issues and other gaffes behind it.but will investors follow? david johnson of strategic investors says it's going to be a long, but necessary process that starts with building trust with former customers. "what they're going to be looking at, and it's going to take a while, is: how is the company moving forward, how is this new management working? and they have to demonstrate in their reports to investors, in new initiatives they're announcing, that they are moving forward, they are getting past this, and they have a more cohesive team now that these changes have been made." johnson said that before the new team makes changes, leaders need to issue a formal apology for past mistakes. wal-mart promotes another insider to a top spot. david cheesewright has been named the company's new internation

the controversial founder chip wilson is resigning his post as chairman but will remain on the board. he made comments suggesting women's bodies may be the issue behind the pants problem that led to a recall of the 72 plus dollar yoga pants. the shoppers appear to have forgiven the retailer but questions remain about lulu's management. he was with snow board company burton for 15 years, both are privately held. he's not well-known by wall street and as a result, the hiring announcement is getting mixed reviews. >> christine day had a great retail sensibility and i think did a fabulous job doing that, but didn't have the background from an operation l perspective. in the case of the new ceo, he has a great operational background but may not have the retail perspective. so, i really think the jury is still out. >> reporter: wall street will get a clear picture of the company he will be taking over once the earnings are reported thursday. it's a big job with competence intensifying. under armor, nike and more are aiming for a piece of lululemon's market share. >>> mastercard will launch

founder chip wilson is leaving over controversial statements. he said that some women's bodies don't work for lululemon's pants. >>> twitter has made some tweaks to its mobile apps. it's easier to send direct messages with an icon on the home screen. you can send photos and direct messages. twitter opens it will make it the choice for one-on-one messaging and pick up more users. >>> and a 54-year-old is giving the kids a run for its money. >> the barbie doll was the most toy ordered by retailers. shipments were up 6% this year, which means stores expect an increase in sales. >>> when we come back, what a catch. a marine decides to go fishing. he reels in something he never expected and maybe never get a again. >>> a 6-year-old boy suspended for a classroom kiss. why some are saying that the punishment just goes too far. ♪ [ male announcer ] even well-planned holidays can wind up at the corner of "stockings are stuffed" and "quick -- duck!" luckily, walgreens is always nearby, so it's easy to get in and out for extra stocking stuffers... or anyth

sales outlook for the year, anticipating fallout from product problems and comments from founder chip wilson, who stepped down as chairman this week. shares fell more than 11 percent thursday. hilton booked plenty of investors on its first day of trading...after the stock priced in wednesday at $20-- shares locked in 7% in gains thursday wtih the stock closing at $21.50. the worldwide hotel company has a market cap of $2.4 billion. it is the third largest ipo so far this year. also on debuting stock on thursday: kindred biosciences.the biotech companies stock priced at 7 dollars and surged to $11.95 gained 70% and food service company-- aramark--had an ipo that priced at $21 and bounced to $22.70 good for a 13% run. obamacare enrollment has hit the one million mark - and may have a later deadline to sign up. on thursday, the obama administration said it may extend the deadline to december 23. it's asking insurers for concessions to make sure as many people are possible are covered by january first. last month, the president said insurers could temporarily extend health plans to be reinstated

founder chip wilson is leaving the company after some controversial statements. wilson had said that some women's bodies don't work for lululemon's pants. the company has also named a new ceo. >>> twitter has made some tweaks to its mobile apps. it's now easier to send direct messages with an icon on the navigation bar of the home screen. you can now also send photos and direct messages. twitter is hoping the changes will make it the choice for one-on-one messaging and maybe even pick up a few more users. >>> and a 54-year-old is giving the kids a run for its money. >> the barbie doll was the most toy ordered by retailers, as they stock up for the holiday season. at least among toys made overseas. shipments were up 6% this year, which means stores expect an increase in sales. >>> when we come back, what a catch. a marine decides to go fishing. he reels in something he'll never expect and maybe never get again. >>> plus, energetic and full of love. a 6-year-old boy suspended for a classroom kiss. why some are saying that the punishment just goes too far. ♪ [ male

. >> whether it's paula deen whose use of the n word came out in court or chip wilson, the now former ceo of lulu lemon who firmly inserted foot in mouth, blaming female customers for the way his clothes fit. or alec baldwin once again using an anti-gay slur against a photographer. baldwin clearly in a rage. but of all the words out there, it is still the n word with its brutal history that america struggles with the most. whatever its use today, at its root the experience of slaves like solomon northup more than 150 years ago. it's a story nearly lost to history. >> we don't know the circumstances of his death. we don't know where he's buried. but to me, he is everything that is good and great about the world and about america. >> to have that material have that effect on me the way solomon's words did, the way his work did, i can absolutely say i will never have an experience like this as a writer. >> i survive. i will not fall into despair. >> for "the 11th hour" miguel marquez, cnn, los angeles. >>> you heard about matt barnes of the los angeles clippers in that story. he accepted

big deal to start off with chip wilson you remember him no he's that charming fellow and shall we say opaque former chairman of lou lemon who made these choice comments regarding the bodies of the women who dared to draw on his yoga parable apparel. was just don't work for they don't work for the piano and you don't get more likely that they'll be fewer in some women body you know and i don't think you know really well probably through this was looking through the thought who gets rich occurs is here as always and rachel wilson he built we women into a multibillion dollar company and now has to resign because he said these things the question is why on earth would he open up his mouth and ruin his billion dollar legacy i've had at the helm of this company i mean why did it why does anyone say anything stupid on t.v. i don't know there's a lot of pressure when you're you know in front of these lights to say it's a bit of an art and you know we'll see what i say today no but he you know who knows why i said what he said you could tell his wife as soon as it came out of his about that's

chip wilson will step down as chairman. a month after he sat down with trish regan on "street smart." quite frankly, some women's about you do not work for us. through the five, how much pressure is there. bodies do nots work for lululemon. he has been the chairman and the largest shareholder. there shares are moving higher because they announced a new ceo replacing christine. sayinghad some analysts that they could not attract a new ceo was because of the founder. lululemon is dealing with more competition. you have under armour, you have nike, all of these other companies jumping on its territory. tty.e is also sweaty bea 25% higher are the prices. people are going for it. >> why? you just sweat in them. i don't get that. i am a four dollar kind of pandora. -- pant girl. the vix is churning at 1349. bill cohan is with us. what is different about this bull market? >> in the last few days that i have been -- i have been amazed. it is clear that the long- awaited tabor is coming. the market seems to be taking it in stride. t

a new chief executive coming in and you'll have chip wilson headed out.ou very much indeed. i want to check the overall market for a second, we're expecting a down side move of 30 or 40 points. we're coming back, 24, sitting right at 16,000. check the share price of twitter, most people are checking the share price of twitter-- checking the share price of twitter, i should say. an all-time high now at 49.52. shah galani still there in miami, if you haven't bought it yet, is it too late to get into the twitter game? >> i think it's a little bit late. i don't think i would want to buy -- i wouldn't recommend buying here. i don't know what kind of upside it has. it's already had a terrific little run and i think it's going to settle down 10, 15, maybe 20%, it's far too dangerous to buy close to the top. and you know, the earnings are ridiculous in terms of the p.e. and the profitability, there's nothing there. why? why would you pay almost $50 for the stock? i don't understand it. stuart: maybe because everybody knows about twitter, it's a worldwide global c

chip wilson is stepping down as chairman. the president of toms shoes will be the new ceo.rn to private equity and venture cap. raised $2 billion across seven funds, focusing primarily on software, and tonight and business services. with me now is a managing director. tank you for joining us. -- thank you for joining us. i know your firm, trident, is focused on security. year?do you see the new where do you make investments? trident focuses on general technology. we are experts in four areas. applications and cloud- based applications. andtization of the internet solutions for the health care industry. been focusing in these areas for 10 years. >> what is changing the most? really shifting right now and those businesses that are going to make you money? >> we are seeing the enterprise very aggressively. and cost controls in the health care industry is also driving solutions. security remains a top issue of mine, particularly as we move to mobility. finally, as the world is moving to digital, there is continuous interest in how to monetize this , particularly through online

melissa: chip wilson, the founder of lulu lemon, said the reason why the pants didn't perform well, heme into your big fat butt. i think he said slightly different words, but a lot of women inside the beltway and without a belt. we were all about that. >> okay, again i started to talk about this, ted cruz, he stood up on principle. when everyone else told him to sit down. even as they were public and opponent, like john mccain, calling him stupid. and he proposed measures compared to wifebeating. and now they are supported to st americans. for placing his party in crystal-clear oppositions to a vastly unpopular party just before the nature of the election. melissa: so what about jeff bezos? i mean, he knows how to take risks. >> that's right, soe people have a problem, but he definitely knows what he's doing. >> it was just lie so much, i s ying to figure out where to draw the line. ne up, is it okay to re-get a present? fox news has shown that up to 70% of people are okay with this. and just make sure that your original gift or is not the recipient. and chia pets are the only things t

. >>> in the news another story of retail therapy, lululemon after the founder chip wilson's ill advisedomment blaming the comment's ill fitting pants on his customers. he said some women's bodies actually don't work. not a good idea, mr. wilson to ever even think that. joining me now ielizabeth, a writer and former lululemon employee and robi ludwig and chief eative officer of yummy. that's a great name for a company. let's get into this and talk about the chinese situation for moment. lioupersuaons.hes was th the pressure, a man and woman and he's sick and tired of shopping andakes crazy drastic action. this scene is replicated all over america, isn't it? not the suicide but the tension and stress and arguments. >> it's so identifiable,ight? we go to the mall, men don't really love shopping. women love it. it's like a sport. we see a lot of men hanging out on couches. >> w do women make men go shopping. >> i don't know. i think a bad idea. >> no man i know enjoy it. what woman wants their man to trail around a mall for five hours looking for a shoe. it would be a death sentence. >> i l

chip wilson will also step down. karen, what's your take? >> i'm not quite sure what exactly to make of it. that may have already been done here but when you're a high flier like they are, you don't have a lot of room for margin misses. i think that's going to stay with them as well. >> you want to do downward dog. >> that's right. >> it just means she's a yoga fiend. >> it's -- i'm telling you. it's pil -- >> no. no. >> come on, man. you're embarrassing yourself. >> i think the guy who knows all about it. >> let's move on please. from downward dogs to a company that has been in the dog house. saying what we now need to do is edit things out. genius. you still have the -- from private brands to these other brands. >> that's not the trend in retail. analysts are getting all excited about kohl's. >> i think he's trying to bring it back to something that was familiar to the customer. because obviously johnson didn't know his customer well. this has a huge short interest. i wouldn't be a buyer of it. but you still have to worry about good news o

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in a recent interview, chip wilson said that some women's bodies just don't work for lumulemon pants. that comment didn't go over so well. will son will be gone before the company's annual meeting in june. >> now to the kiss that's causing some controversy. you are going to meet the six- year-old boy who is being punished for planting a little peck on a classmate. >> plus, the wusa9 investigation finds local cops are tracking your cell phone right now. wait until you see how they are doing it. >>> it is 5:30, let's recap today's big stories. the government and area schools shut down as we got hit with more snow. the red alert has been lifted and under a yellow alert. expect things too get chilly again tonight. >> thousands of south africans and dozens of dignitaries honored nelson mandela during a massive memorial service today. it was a packed, soaked, soccer stadium. and it is the beginning of a week-long tribute. in south africa. rain drops are seen as a blessing. starting tomorrow, mandela's body will lie in state, his funeral is sunday. >>> take a good look at this man. montgomer

chip wilson agreed to give up the seat after being criticized for comments he made about his customersin a recent tv interview wilson said lululemon yoga pants just don't work for some women's bodies, unquote. he's promising to resign before the company's annual meeting in june. meanwhile, on wall street, shares of the retailer fell 42 cents to $69.99 a share. >>> as the snow melts, it will freeze tonight and become a slippery slope on sidewalks, steps and driveways. >> liz crenshaw is here with the best way to protect your pets from the toxic chemicals and the cold as well. >> treating the ice is much different than treating the snow. the maryland cooperative extension service suggests using three types of deicing salt, either magnesium chloride, calcium chloride or potassium chloride. those will all help you melt. all those can damage concrete and mortar between bricks and also damage your plants. so the extension service recommends using only a thin coat. if it is thick ice, add a small amount of water to that salt to help spread it. just don't pour it on. if you want to get tractio

it's not just the ceo seat changing, chip wilson will remain on the board.made the suggestion women's bodies may have been the problem to the see-through pants that led to the recall of $72 plus yoga pants. that group appears to have forgiven the brand itself for the debacle but wall street still has questions about lulu. potdevin isn't well known. he has spent 15 years as private snowboard company burton and also toms shoes. pot dechlt vin has an operational background but may not know retail which is the opposite of what happened with christine day and her background. scott and kelly? >> do we know if they had lost any sort of great number of business to an athletica or nike or under armour as a result of any of the issues that have gone on over the past 12 to 18 months? >> good news is lululemon is releasing earnings on thursday. bad news is we don't know the fallout and how we can correlate that to what might have happened with the shift in market share. we know their growth is slowing a bit but customers are resilient, forgiving the retailer because it

not so great for the founder, chip wilson. he k people off with his comments on big thighs.day was over $82 million. and making money today, a guy selling a pair of michael jordan sneakers. a former ballboy starting the auction of $5000. michael chart and transjordan woody's back in 1997 at the nba finals where he scored 38 points for the chicago bulls. they look used, right? and $120,000 worth of hershey's chocolate has been stolen in florida. the driver parked the vehicle to get rest overnight. in the morning he it was nowhere to be found. police are still searching. okay, that is always happy. i hope that you made money today. watch tomorrow for our last day of robot week. plus, if you like watching us at midnight, be sure to dvr us at 5:00 p.m. we will see you back your tomorrow. "the willis report" is coming. ♪ double mocha ♪ double mocha ♪ double mocha ♪ ♪ >> hello, everyone, tonight in "the willis report." if you like your health care plan i am dennis kneale in for gerri willis. politicians just never know when to butt out. pot is set to go legal into states next mont

. >> changes coming for canadian based lululemon founder chip wilson stepped down. >> you might rememberilson made controversial statements last month saying the company's yoga pants, quote, don't work for some women's bodies. he made the statement after complaints that the pants were too see through. the board found a replacement for christine day. >>> good morning. honoring an icon. from presidents to rock stars and royals, to tens of thousands of south african faithful braving the rain. nelson mandela is remembered this morning. >> the world thanks you for sharing nelson mandela with us. your freedom for democracy is his cherished legacy. >> in a moment, we'll be live inside that stadium. >>> round two. yet another strong winter storm bringing snow and havoc on the roads for millions up and down the east coast. >>> today, exclusive. the major announcement from reigning olympic skating champ, ev ev ev

. >> big changes coming for canadian based lululemon founder chip wilson stepped down as chairman of board of directors. you pligmight wilson made states saying that the yoga pants don't work for some women's bodies. he made that statement after complaints that the pants were too see-through. in addition the board has found a replacement for christine day who is going to resign at the end of the fiscal year. the former director of tom shoes in santa monica will take over as ceo and that happens next month. >> california wants boeing to set up shop in the state. california will submit a bid to the company in order to land a production facility for boeing's newest jetliner. governor brown will submit the proposal to host production of the 777 x airliner. >> facebook is getting into the game of artificial intelligence. the company hired new york university professor lakun to run its new artificial intelligence research lab. an expert in machine learning says the goal of the lab is to bring about major advances in the field which aims to create computers that can see, hear, think and rea

lululemon's founder and chairman chip wilson found that out when he said that some women's bodies aren't meant for a lululemon's yoga pants, that upset a lot of people out there. and his apology was half hearted at best. so he is stepping down as chairman and investors and customers like that news. the lululemon shares right now are up by 1%. >>> market had some modst gains yesterday. let's see how it's doing this morning. another pretty quiet day on the economic front. dow dropping 22 points, nasdaq is down by 4. s and p is moving lower by 12 points. >> thank you. >>> 6:45 now. busy day in traffic. liz? >> okay thank you guys, and we do have a new injury crash now coming in. this time in fremont. northbound 880 by that thornton avenue exit. one lane is blocked and we're seeing a little bit of slowing but mostly in the southbound direction is wait looks like, the -- what it looks like, the accident though is northbound. if you're continuing northbound for the morning drive, this is oakland and starting to get more crowded in lanes but so far no delays. between 238 and the mcarthur maze.

the company's founder and chairman, chip wilson, he is stepping down after an uproar over these commentscritiquing the customers' bodies. what he said with respect to to that controversy over the sheer workout pants was that, frankly, some women's bodies just don't actually work for the pants. it's really about the rubbing through the thighs, how much pressure there is over a period of time and how much they use it. to me, chris, as a lulu customer, i can tell you that criticizing the customer, not okay. >> i don't care who you work for, not a good idea. cnbc's jackie deangeles, thank you. especially when it comes to women's thighs, leave it alone. >>> we all have our pet peeves stuck on an air lean. expedia is out with its great new survey about the most annoying airplane etiquette violators. number five, chatty kathy, number four, the boozer, third, let's call him the aromatic passenger. the runner up is the rear seat kicker and going along with that, the worst fliers are inattentive parents. a link to the full list is up at jansing.msnbc.com. as a business owner, i'm constantly puttin

chip wilson has left the building. we will talk about that. plus,'tis the season to be jolly. there is one investment that even warms the grinch's heart. adam will tell you about that next. ♪ >> we got an early christmas present from our friends in europe. time for insight and action. it is that time of year. europe's by signal. signal. percentageu get the of stocks to drop below 20% tom you tend to have snap back rally. that is what we are showing. the percent of stocks above the 200 day moving average for the euro stoxx 600 index. there it is, about 20 right now. i will overlay the index atop the same chart so you can see how the signals line up. there have been five of them. under 20. look what happens. look what happens when you got another, another. there have been five of these times. when stocks. oversold in europe, you had a snapback rally. the sheer.days left the question becomes, how much you think we could make in the next 21 days? average is very real returns. you know you are getting 20% of every dollar you make. you look for the trades that were. you get a lot of

chip wilson that's kind of running the place. he owns 30% of the stock. it's a problem.der armour on the fan is cruising along, competeding with nike. as good as nike? probably. do they understand their customers as well as nike? probably. i'm in their camp. >> one vote for lululemon. one vote for under armour. you're the deciding vote. >> i'm also going with lululelen. i think that lululemon has just unparalleled brand and their fans love them, despite the sheer pant scandal, despite the fact their ceo situation is in flux. people love lululemon and always waiting for new products, so on. >> if i weigh in, i'm going with jan. i have to go with under armour. >> now we have a tie again. >> so, we were -- well, i know. i messed it up. >> how do we decide? we have to get into the gear and -- >> towards the end of the year, we'll look at the results. >> you can do it like the $1,000 challenge. >> i'll pick them both. >> pants from lululemon but top from under armour. >> lululemon is going after men and under armour is going after women. like jan mentioned in some of his note

chip wilson will be replaced. christine day will depart as expected and will be replaced. a lot of changes going on. because of all of the controversy over the sheer pants. >> in their defense, it has been a massively growing company. hi, short interest. questions about inventory. the scandals about the comments from the ceo. of they a classic case could have handled it much better once they made the misstep. instead, they stumbled, they took too long to repair the situation. as you say, the founders founder's comments were not listen to hear for some women. fish stinks from the head. problemnot beinthe lulu anymore. >> we're going to go inside ups these next two hours. >> carol massar has been working on this special for quite a while. -- is probably the biggest day of the year for the world's largest packaging company. carol massar is in the thick of things. hubis at their massive called world port. how's it going down there? >> it is a little quiet. most of what happens here happens overnight. we had a little bit of snow this morning. the planes got out this morning. th

chip wilson has been under fire for saying "some women's bodies don't work" for the clothing. >> catherine: he was suggesting that some people are simply too fat for the yoga pants. which is true -- but people didn't appreciate the fact he was pointing it out. >> catherine: there were problems with lulu-lemon clothing some time back because on some women - the fabric stretched too much and became sheer. there were complaints that the black pants were ripping too easily - and they had to be recalled. >> catherine: business analysts say that wilson should have simply said sorry -- and left it at that. he'll keep his seat on the lulu-lemon board. >> pam: manufacturing. known for it's tough, labor-intensive work. and predominately male workforce. but now, the nation's biggest automaker is bringing in a woman to lead the company. >> pam: general motors named a female c-e-o. zain asher is at the new york stock exchange >> pam: another woman breaks the glass ceiling. in a big way. >> reporter: the number is growing 20 years ago 16 percent of all workers were women. she has had a long history with

earlier this week the company's board chose a new ceo to replace founder chip wilson and hopefully theyreplace the pants as well. >> yeah. wow. >> i did see an outdoor yoga lesson after i ran a half marathon and it was in the bright sun and everyone was wearing those pants and they were all like contorted and -- >> you can see right through them. >> it was a butt fest. it was chunky. didn't he say chunky women shouldn't wear his clothes. >> it was women of all beautiful shapes and sizes. >> you could see right through those things? >> lots of thongs. >> come on, man, they ought to go down to mexico. >> "l.a. times," a change of course on airplanes using cell phones. the fcc may lift the ban on texting and checking emails. >> we know he referred his martinis shaken but not stirred but james bond has a serious drinking problem. study published in a british medical journal analyzed all 14 ian fleming novels and calculated bond drinks four times -- who cares. >> four times the recommended -- >> who cares. the research said bond would be dead by teenage of 56 after consuming 92 drinks a week

. >> women didn't like it when chip wilson, the founder and hairman of lulu lemon said this. >> franklyen's body's don't work for it, the rubbing between the thighs the pressure it there. that is in response to me asking what is with the pants. this time back in the spotlight, it is in the store, and it is not the found tore play. a location in maryland has apologized for using chip's comments as part of a store's promotion. a twitter user captured the , and it der which said said this -- >> thankfully you have had too much by and thighs are rubbing together. lulu lemon has women running the company? >> yes, for now. >> they should embrace it. >> i like it that their thighs rub together, too. i don't have a problem with that. >> think about all the adams you see for weight loss. you go into lulu, go to some yoga classes, work off extra turkey. we can help you. your thighs don't have to rub together. >> i am not going to comment. >> that is safe. ad plays it safe. here is a look at what is next on "street smart." >> businesscoin gets a nod from wall street. we've got the first analyst to

from the pr disaster it hopes ended yesterday when it appointed a ceo and dropped the infamous chip wilsonrman. probably arethis not so good for lulu's image. >> some women's bodies do not work for it. >> they dohe past? not work for some women's bodies. >> beneath these outrageous comments and the marketing mess, is the company that has matched or surpassed earnings estimates every quarter since 2009 with betting on right here? pr that a bunch of bad will amount to a declining stock price? we want to ask our whole panel. julie, starting with you, is there a reason for investors to feel optimistic right now? ofhe was not the real issue the company. there are two main challenges lemon.main for lulu one of them is the supply chain and getting that back in shape after the whole sheer pants situation, after really his comments serves to highlight it is still having issues getting the product on the shelves that is correct. that is something the outgoing ceo christine day has struggled with. it is something they will have to solve. the other big issue is competition. everybody is getting into t

and the founder chip wilson will be stepping down as nonexecutive chairman. ontroversy over the black yoga pants because they were too sheer. and wilson himself found himself in hot waters over the comments suggesting it was the customers' body shapes you used the word, ken, i won't, it's not the pants, it's you. joining us on the "squawk" line is pam quintilliano. what do you make of this move? >> people are viewing it favorably. the stock is reacting accordingly. and in response to chip stepping down as the chairman rather than the new ceo. even though people are relieved that a new ceo is in place as reminder christine day who is exiting. that was announced in june. we've been waiting a long time to hear about it. he's not going to have another impact from six to nine months anyway. but chip, obviously, i don't want to say rubbed people the wrong way -- >> does it matter? pam, we were talking about this earlier in the 6:00. there are certain types of clothes that -- i'm a taller guy, i should wear. it's no the the clothes' fault, it's my fault. >> i would l

chip wilson steps down as chairman of lululemon. and portevan replaces christine day.on had to recall from sheer yoga pants earlier. black fish criticizes sea world for the way performing whales are treated. three music acts have been canceled -- they canceled concerts at sea world park. willie nelson, heart and bare naked ladies. they call black fish a dishonest move. in johannesburg, leaders around the world joined with south africans to mark the life of nelson mandela. it was at the biggest soccer stadium and was the first of three events this week. president obama was among those paying tribute. >> we will never see the life of nelson mandela again. but let me say to the young people of africa and the young people around the world you, too, can make his life's work your own. >> general motors made history today as we were just telling you, naming mary barra the c.e.o. of the company after dan ackerson retires in january and will be the first woman to lead a global automaker and will be doing it right after the u.s. government exits its massive financial stake in g.

the controversy surrounding founder chip wilson's comments and there is no competition from the likes- >> they didn't want me to wear my lululemon pants. >> you know what, i don't want you -- >> product delays, also. >> we will have more on this later on. shares down almost 11%. >> futures at negative one here. the in new york, 'tis season, particularly on 57th street. your fancy watch store as we begin our gifts in gotham moment here, as we do each year. they're authorized to sell you the real rolex and the collectible [indiscernible] others beware -- between the fake rolexes and the chinese watch industry -- the director of taking my money -- i ignore his store like the plague. how have the chinese changed your business? >> they have had a tremendous impact on the business. they are listed in high-end -- they are interested in high-end pieces. most of them give to their comrades back at home. >> are they competition for the top shelf brands? me -- excuseuse me? >> are the chinese competition? >> no. this was still have finest timepieces out there. >> how have you seen this change ov

dennis chip wilson is stepping down. he will remain on the board of directors. for itself. we'll talk to the company's ceo in a moment. first, a look at how goldieblox is trying to disrupt the pink aisle this holiday season. ♪ >> reporter: it's the girl power video that has collected more than 9 million hits on youtube. and calls on little girls to lose the dolls and start building. goldieblox is a new construction toy whose goal is to acquire a new future generation of female engineers. >> i didn't even know what engineering was until i was a senior in high school. to me, goldieblox really is the toy i wish i had growing up. ceo and founder, 30-year-old deb before he sterling a graduate engineer at stanford engineering school created the theory. and with the help of funding site kick starter raise $280,000 and was able to launch goldieblox last year. >> a little girl, as much as he likes dressup and princess stuff, and don't get me wrong, i like that stuff, too, there's so much more to her than that. >> the challenge for any child is to understand what is the v

the founder, chip wilson, will step down as the nonexecutive chairman and lauren will be the new chiefexpectative. she will take over next month. lululemon has been looking for a new ceo since june. >>> it's a first for the auto industry. general motors is set to name a woman for the top job. ktvu's pam cook is in our newsroom with more on the decision and also the reaction to this. good morning, pam. >> good morning. general motors expected to announce today that it will be the first among the carmakers to have a female ceo. 51-year-old mary barr as said to be taking over the job. she started with the carmaker at the age of 18 at the general motors institute. landed her first job as a plant engineer as the pontiac motor division where her father worked for 39 years. she's currently serving as the senior vice president for global product development. some of the new vehicles includes chevy impala which is the first u.s. sedan in 25 years chosen by consumer reports as the best on the market. twitter is filled with praise for mary this morning. we'll have more on what people are saying a