i'm courtney reagan in for melissa lee. tonight's lineup -- couldn't, the big warning for small caps the chart master sees trouble brewing in the charts. plus foot locker plunging today. what set the locker into the hurt locker. and the mega stock on a tear the name and how to trade it straight ahead >>> a new wave of covid concerns the broader market on edge as austria declared a nationwide lockdown and germany put new restrictions in place. in the u.s. numbers are starting to tick up casinos, airlines and movie theaters also went down. and the nasdaq closing above 16,000 for the first time ever let's break down the risk to the market guy, what, if anything, do these new covid headlines give you as far as worry why are we selling off now and not before what's going on? >> i think as a human being we are all concerned, but this is concern about the market for better or worse, the markets have learned how to deal with these covid headlines. some of the names you mentioned probably got a tad ahead of themselves what is workin

courtney reagan is here with that and more. we're back right after this. so, who's it going to be? tom? could be danny. guess it's on maggie. should we have another one? talk to us about retirement today. feel comfortable about tomorrow. massmutual. >>> welcome back to "worldwide exchange." i hope you're having a good start to your day, the 2021 holiday retail strategy of stretching one day only deals into weeks or sometimes months may be taking the wind out of what is one of the busiest shopping weekends of the year. inflation also may be playing a critical role as prices rise courtney reagan joining us with what we have seen, what is still to come, and the day that used to be known as something monday for online shopping. good morning >> good morning, brian i know you don't like to say it. it's just what it's called though today is the fifth and final day in the thanksgiving weekend shopping stretch and the stakes got higher headlines about a new covid variant starting swirls thanksgiving eve and took stocks down on friday something led to lower spend online while the quantificat

that would be about a 10% jump from last year cnbc senior retail reporter courtney reagan now.ourtney, that's a big jump. >> it is a really big jump, kelly. every year that online sales get bigger and door busters started moving earlier, we've been questioning, is black friday this unofficial kickoff, is it dead add in a pandemic and many thought that will certainly kill black friday nope not only is it not dead n some ways it's been reinvigorated 108 million americans plan to shop on black friday nearly two thirds of them in store just up from over half last year, according to the national retail federation store traffic isn't forecast to quite hit pre-pandemic levels, but it's still expected to be the biggest in-store shopping day all year why? well, deals are number one, but tradition is second. especially if you're in the midwest. where as shoppers in the northeast are least likely to shop thanksgiving through sunday but are most likely to shop cyber monday according to numerator. retailers say many shoppers want to get back to old habits. target and walmart among those cal

courtney reagan on what holiday shopping will look like this year, but first to phil lebeau who's live at the airport. so far no storms causing any c cancellations. this has to be the busiest airlines have been since the pandemic, right? >> reporter: it is, kelly. today is the seventh straight day with at least 2 million people flying in the united states that is the busiest week that the airline industry has seen since before the pandemic. and guess what the busiest day yet may come on sunday. >> phil, ticket prices are still below 2019 levels right now. so people feel like they're getting a deal but will they stay down as christmas approaches >> reporter: no, they won't stay down if you thought you were getting a deal, you really got a deal about nine months ago. they have risen steadily it's now the average domestic round trip airfare in the u.s. $300 for thanksgiving week about 11% below 2019 levels. but watch out, christmas, the average domestic fare according to hopper, $390. by the way, kelly, that's roughly on par with what we saw back in 2019. >> all right so in that sense it'

courtney reagan. pete, i'll go to you apparently you bought calls. what are you doing with it >> i'm kicking myself, mel i usually don't do this but going in just late in the day there was huge activity in the stock. i think it was january 32 1/2 they were buying those are not going to treat me well unless we get a bounce. the numbers were as bad as i've seen the earnings miss, you look at both sides, the misses are huge. and then when you look at the costs they've whiffed on everything i am not going to do well with those calls. i do have a couple of months i am not expecting that to happen because this was a terrible quarter and i'm not sure other than a short squeeze i don't see what will force the stock back up to the upside. >> a couple months, it ain't over till it's over. what are your thoughts >> i appreciate that >> we talked about gap last night, down off the highs. low hanging fruit, i think, was in the stock price if you look at the two-year stack, only up 20% versus minus 5% some of the question has been around some of the brands themsel

video in miami you can see hundreds of cars packing the parking lot today at the dolphin mall courtney reagan with us now. a long day for you, court. and high prices are definitely not keeping the shoppers away, are they >> yeah, they're really not, kelly. the day isn't over but we just got new spending data in from master kard, and they said across all forms of payment, black friday sales are up 30% through 3:00 p.m. eastern time compared to last friday. in store sells, up 11% this year for the second year in a row many retailers stayed closed on thanksgiving so, they pushed the door busters back into black friday for shoppers lots of reports of younger shoppers being the predominant demographic. clothing reigned supreme with shoppers with apparel spending up 86% and shopping center operator jll reporting its locations of apparel stores are seeing the strongest store traffic. it's getting the biggest share of online checkouts, according to cashback shopping platform rakuten. but it's not just in store digital checkouts could hit $9.6 billion this black friday, while thanksgiving day's online

i am courtney reagan in for melissa lee. >> run away train? carter worth said the economy may keep chugging along on a straight track >>> and go back to work, stay home, go back to work, stay at home flip-flop. finally, guy adame is back so we should check in on his favorite play from last time. it's time to risk less to make more option os action starts now. >> there are wildly wildly divet shots. carter, what have you got for us i don't think we have carter's mic so we will hold on a second and get that settled out let me ask mike what you think about the action from today as we talk about the economic destiny and why the markets were so fixated on what was happening with the covid cases overseas in austria. >> one of the thesis we have seen for a strong market recovery is that we are going to come out of the back side of this we had that in conjunction with strong consumer data, very strong consumer checkbook and all of that has been supportive of the rising market when you start seeing concerns like that, that things could begin to shut do

courtney reagan joins us with more on how direct to consumer businesses have faired since going public inest thering quarter for them they raised their full year outlook and they are leaning in on investment here 35 stores they still plan and they argue, hey, look, you know, vertical integration, we don't get hurt as badly with these shortages. >> yeah, absolutely, john. i actually found a lot of interesting nuggets sort of in this call because it was the first quarter that warby reported results as a public company. we got to get more color and background information on sort of the inner workings and for so long i think so many people thought that stores just really weighed down on costs because of rent and because of paying employees. but i think we now understand how expensive it is to run an e-commerce business which is why so many players continue to run at losses just like warby parker but they are adding stores and gave us interesting productivity numbers. the average sales per square foot is $2,900 and that's the goal they want to continue going forward. margins about 35% and t

joining us to break down the story is courtney reagan joined by gina sanchez, here to give us trades welcome to both. courtney, banana republic, haven't heard about them in a while. >> kelly, you know, i'm not so sure about that one. maybe there's a lot of home there. we will see if it is real and if it pays off. the head of product design actually left just about nine months into the job, so a little bit of concern there i think for the product direction. old navy has really been the shining star of the portfolio, although athleta has grown in response as gap has started to reveal some financial information about that athleisure player. i think there's a lot of growth still to be had there. i would be curious to see expectations there going forward, if they would give us some beyond this fourth quarter. i think that will be important also, i think at old navy they are moving into some plus size clothing, which is a significant opportunity as long as the consumer does accept the fashion. hopefully, it won't be a big inventory miss with them, they're stuck with a lot leftover on their

of its opening price of 54 bucks a share after its direct listing in september let's bring in courtney reagan the story on warby how does the path to profitability look for warby, especially with this retail buildout, courtney >> that's the big question, john and basically the physical store locations is what's going to help offset some of those massive investments into ecommerce. the company is expecting both to grow they've previously said they hope to add 30 to 35 more retail locations by the end of this year 2021, bringing their total in-person shopping experience stores to 155 to 160 so we're going to look and see if they can give us an update on that and the path to profitability is the story with so many of these direct-to-consumer companies and warby parker did have a year where they broke even a couple years ago, but they've posted losses since so, of course, that revenue comes at a cost. and investors are only going to be patient for so long the shares did surge on the first day of trading as a directly listed company when it went public they searched about 36%. they're now just abo

courtney reagan is here with the story. what are people looking for?, kelly you know, most of the home trends we have seen during the pandemic are still really holding strong, whether it is remodelling or home decor, both areas that, of course, home deemplo depot plays well in. expectations are high. remember when they report earnings, you don't see the stock move a whole lot if anything, you see it go backwards, some people taking down profits these valuations are hefty for both home depot and competitor lowe's going into this the christmas season has become a bigger season for home improvement retailers than it was in the past. used to be spring was the most important time now black friday has been home depot's biggest day ever still really important there margins will be in focus with all of the pressures from the supply chain and inflation so that is going to be very key, and the stock action could hang on what those results are. >> all right the shares are down about half a percent today, up 12% in the past three months. todd, what would you do wi

term you probably stay higher. >> all right we'll leave it there tim, great stuff appreciates, courtney reaganalert coming. leslie with the details. >> this one we have been waiting for. they filed confidently in july for chobani, now revealing the goods through the s1 which was filed a little while ago now they say they're going public, listing on the nasdaq under the symbol cho lead underwriters will be goldman sachs and bank of america. this is a company that has seen pretty big top line numbers, over a billion dollars annually. however, growth around 13% and still remaining unprofitable, showing net losses for the first nine months of the year totaling about $24 million. now, i was just going through some of the risk factors, and it is clear that there is one word on the mind of this company, and they know it is going to be on the mind of investors, and that is inflation what pricing does to their future results, the changes in the market price for milk, which is, of course, the primary raw material used to make the yogurt that they sell they say they source over 70% of raw milk from one s

water and not expected to report a profit i want to note that when we call it earnings exchange courtney reaganeview tonight. matt mialey joining us. >>> walk-ins not welcome at the ports. we will slook at the troubles a the california bay and what it means for the supply chain next. (rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! - [announcer] bito, the first u.s. bitcoin-linked etf. hey businesses! you all deserve something epic! (crowd cheering) - bito, bito, bito, bito! so we're giving every business, our best deals on every iphone - including the iphone 13 pro with 5g. that's the one with the amazing camera? yep! every business deserves it... like one's that re-opened! hi, we have an appointment. and every new business that just opened! like aromatherapy rugs! i'll take one in blue please! it's not complicated. at&t is giving new and existing customers our best deals on every iphone, including up to $800 off the epic iphone 13 and iphone 13 pro. them, in fact 21 of them you have 17 vessels in the -- awaiting for the port of los angeles, five waiting for the port of

on what's supposed to be one of the biggest days of the year for the sector let's bring in our courtney reagan again there is expected to be a spike in in-store shopping this year for black friday my question is whether that in-store activity and even online activity is getting impacted by these headlines about the new covid variant. >> julia that's a big question we're all asking today so far it doesn't seem that many of the shoppers that have been spoken to by a number of these data firms, the forecasters and the analysts i've spoken to seem to be too worried. they're not letting them curtail their plans to shop in-store or online, the online shopping day for thanksgiving day when many of those retailers were closed your primary mode of shopping was online and that was lower than what adobe had originally forecast i'm wondering because more shoppers did intend to go in-store today as was originally forecast and we're seeing the spending or is there something else going on? we also know how much early shopping has been done when you look at pictures frommal around the country it's hard to tel

live from the nasdaq markets in times square i am courtney reagan in for melissa lee. here's what's coming up on the big show >> run away train? or not carter worth outlines an indication that the economy may keep chugging along on a straight track instead >>> then the covid play that has powered through the stay home, go back to work, stay home, go back to work flip-flop mike plugs you in. >>> finally -- guy adame is back should check in on his favorite play from last time. it's time to risk less to make more "options action" starts right now. >> there are wildly divergent thoughts on our economic destiny lately carter worth is looking at one indication that the truth already lies literally somewhere in the middle. what do you have for us? i don't think we have carter's mic so we will hold on a second and get that settled out let me ask mike what you think about the action from today as we talk about the economic destiny and why the markets were so fixated on what was happening with the covid cases overseas in austria. why was that a concern for us here today >> obvio

this could be good news for one group of retail stocks let's find out the whos and the whys with courtney reaganurtney, good morning >> reporter: hi. good morning, brian. discount retailers tend to attract more shoppers in economic downturns inflation begins to heat up. when you take the rate of inflation into account, real hourly wages actually declined 1.2%, according to the labor department consumer sentiment did rebound slightly from august low but the last two months averaged out to the weakest reading in a decade in-store traffic data from placer dot a ishares an up tick in retailers so traffic in october, compared to 2019 prepandemic is 21% for home goods, 16.5 for target, 113% for ross, 11.5% for burlington and 5.4% for walmart. big box players like walmart and target use their size and scale chartering their own ships for cargo. the off-price players, tjx, ross, burlington are taking advantage of the inventory dislocations from the last 18 months to buy up merchandise at attractive prices and offer it in store for the treasure hunters giving them something to salivate over. investors ar

. >>> welcome back i'm courtney reagan in for brian sullivan looking at the investments right now. hardly so in either direction. dow jones off almost 9 points and the nasdaq higher by almost 17 points. the dow closing above that 36,000 mark for the first time s&p hitting new highs. bed bath and beyond shares surging. we should note there is a big amount of interest for sure which had been dictated before back with top stories. >> i'm back. the founder of tiktok's founder bytedance steps down he announced resignation of ceo in may adding he would move to a strategy role. now serving as chairman. bytedance declined to comment. >>> president biden has yet to announce fed chair pick. he didn't specify if he plans to renominate current chair >> extending the salt deduct for five years as part of the broader spending package more liberal members are criticizing the potential move with senator bernie sanders calling the move beyond unacceptable >> other people believe the move the other way is beyond unacceptable i guess that makes politics in this country >> on to more politics on elect

. >> i'm courtney reagan in for melissa lee. tonight on fast, we are all over the after hours action and william-sonoma on the move calls also underway. we will break those down straightaway and our trade of the day, macy's having its best day over on the back of blowout earnings a big win for one of our traders. how they are playing the breakout and why carter worth sees trouble in the charts from the energy trade he will break down the action. shares of apple sent to all-time high the company said they may hit the accelerator on self driving cars >> the stock took off in the middle of the day daf a report on bloomberg said the company is targeting a potential debut in 2025 of a fully autonomous vehicle and that work on that vehicle has been accelerated as you look at apple over the last year, and the stock has had an interesting ride. we did reach out to apple. as is almost always the case when it comes to anything apple car related or any work on the car, the company declined to comment. let's look at what we are talking abou

>> meantime getting some new consumer data today looking ahead to the holiday shopping season courtney reagan >> good morning, carl. yeah the first really big forecast for the thanksgiving week shopping stretch which is right around the corner. mastercard spending expects retail sales in store and online will grow 10% over last year, 12.2% compared to thanksgiving week 2019. mastercard senior adviser tells me this forecast does take into account inflation and inventory shortages due to the supply chain congestion black friday sales, just that day isolated, looking to increase upwards of 20% over last year. shoppers are expected to return to stores to snap up doorbusters, reverting to black friday from thanksgiving again this year with many stores choosing to stay closed on thanksgiving so what's old is new again many retailers closing on thanksgiving so that the pandemic accelerated when no vaccines were yet available and, of course, that's not the case anymore. stores are still kind of reverting back to what they had done before. it seems it's working for both shoppers and for many employees

nearly 30% completed their shopping, my mom included, on this very unusual holiday season, here is courtney reaganeporter: thanksgiving weekend is the kickoff traditionally, but shoppers have heeded warnings and taking advantage of early deals i heard the shipping is really slow this year, so i started ordering back in, i want to say late october i normally don't start shopping until after thanksgiving. >> things were taking longer, so that was a big concern of mine. >> people were worked about stock-outs and about finding the right gift those who shopped earlier, about 60% said they experienced stock-outs already. >> some of it was also a desire to get back to normal. from gift giving to decking the has. >> i started decorating way earlier. >> reporter: earlier shopping could lead to higher holiday totals. >> early shoppers end up spending about 23% more on average. i already bought extra stuff i was like, this is all i'm getting them, and then two weeks later, my gosh, they didn't have this two weeks ago. >> kohl's got a terrific response to the preview event. macy's said shopping began earlier

of the annual shopping holiday, it looks like black friday might be back and better than ever courtney reaganseems to move earlier, it seemed black friday was dying you add in a once in a lifetime pandemic, that would be it i would argue it's reinvigorated. 108 million say they'll shop, 64% in store it will be the biggest in-store shopping day of the year why? deals, top reason for shoppers but tradition is second. smr i if you are in the mid-west shoppers in the northeast are least likely to shop thanksgiving through sunday, but most like will i to shop on cyber monday, according to numerator. plus after closing on thanksgiving 2020, many retailers are opting to do so again. so those in-store black friday door busters are really on friday instead of on thanksgiving back over to you >> i love it i love the whole idea of black friday i think it's so fun. but courtney, as far as winners or losers. nordstrom, i'm going to mention it again it closed down 29% it was a record bad day for that stock. >> yeah. >> i'm wondering as we look for the holiday season, best buy also had a tough week. usually

the slew of quarterly results under our belt already courtney reagan is here with a breakdown of whatcourtney >> hey there, john so far the quarter's retail earnings report reveals a consumer that is using multiple channels for retailers in store and online which typically makes that shopper more valuable target posted the strongest digital sale year over year at 25% comparable sales growth and significant instore traffic and said 70% of sales were fulfilled by the stores. competitor walmart saw net grow just 8% and 87% in two years and added 21 million items to its marketplace just in the quarter. lowe's turning in the best second digital increase for comps at 25% up 158% in two years making up just 9% of total sales lowe's digital business not as advanced as home depot which saw digital sales grow 8% and 95% in two years with 55% of all online orders fulfilled by home depot stores william sonoma is the parent of pottery barn, west elm and other brands saw 64% growth since 2019. giving us a two-year comp but ecommerce now makes up 67% of total revenues one of the biggest that there i

courtney reagan has that part of the story. >> yeah, when current inflation is factored in, real hourlyages factor in. sending consumers discount buying spending in the discount sector is up and accelerating up 22.5% in august from 2019, up to 27.5% in october since 2019. couple that with instore traffic data from placer.ai, compared up to 2019. up 16.3% for target and nearly 5.5% for walmart now walmart and tagts are leveraging their scale to get inventory, like chartering their own cargo ship to keep price in check especially in today's inflationary environment and taking advantage of inventory off locations for the past 18 months, buying those at tractive prices giving the instore treasure hunters something to salivate over investors are listening to the story. dollar tree up 16% since that read on inflation came out in mid-october. though even it cannot escape inflation entirely moving its prices above a dollar below shares at 16%. target shares higher at 13%. back over to you >> courtney, thank you very much let's stick, if we might with the discount retail theme. an area where our

courtney reagan is on it, digging into those stocks. >> hi ty shopping centers are among the first retailubsector to report their quarterly results this week they are painting a rosie rebound, and a hopeful holiday season to come today's pfizer news pushing those shares up even further kimco gaining 6.5% this week traffic up 5% from 2019. occupancy increased to over 94%. face roy up 24% in a week, with traffic up 95% from 2019 the mall operator reports retail sales are exceeding levels with double digit gains compared to 209. it also says retail demand is at a level not seen hins 2019 tanger up 30% in a week. its retail sales increased 13% compared to 2019 hitting all-time high sales per square foot. that's after losing tenants that made up about 1 million square feet during the pandemic simon property group shares up 2.5%, nearly 16% this week that one is widely regarded as the top mall operator. it said this week that mall traffic is still reaching prepandemic levels and its retail sales are up 11% from 2019 43% from 2020. that's really without much of that international tourism coming

stocks coming under pressure, but so are traditional retail games, nordstrom, the gap, punished courtney reagan sorts through the wreckage. >> nordstrom and gap on track for their worst days best buy reported a largely strong quarter though it did see margins contract like others from higher labor and supply chain costs even organized retail crime best buy had stock up in gaming and phones for example broadly, there is worry about waning demand for consumer electronics. shares got hit and are falling further from tuesday's drop. dick's sporting goods shares falling even though they passed estimates and they raised guidance best buy theically outperforms starting in february so it is recommended to buy on this weakness. nordstrom and gap reported ugly quarters they were also hit by higher wage rates and supply chain issues nordstrom and gap plunging for their worst day ever gap and nordstrom understocks and women's shoes and apparel in the main line department stores. it may take several quarters for management to fix. you could consider this a promotional price. >>> friday officially kicks off

our kayla tausche on the political pressure first, cnbc's courtney reagan on the impact to americans. courtney >> everything that's from last year to this year is either double or tripled in price >> reporter: americans frustrated and feeling the pinch. everywhere they look, prices rising fuel prices for your home and your car way up. gasoline prices surging more than 6% from last month. and in the grocery store, sticker shock. staples like bacon up more than 20% from last year egg prices up 12%. pepsi is raising the price of its drinks and snacks. the price of oreos, sour patch kids and ritz crackers going up 7% in january. shoppers having to pare back. >> what i have been doing is buying a little bit less and just trying to stretch it more, to be honest with you. >> reporter: the soaring prices yet another ripple effect from the pandemic the higher cost of shipping goods around the world and labor shortages are straining the global supply chain. those pressures, coupled with a strong demand for goods, pushing prices higher. >> there's just no roadmap for reopening a $20 trillion eco

courtney reagan is here with the story. uld think a giant like walmart, if anybody can deal with supply chain issues, can deal with higher costs, it would be walmart >> absolutely melissa. i think walmart sort of is the pinnacle of logistics and supply chain management for many, many years, and i think even with all of today's complications that still remains true when you have the scale, you have the size, you have the power of walmart, you are able to do things like chartering your own ships so that you can be in better control of that cargo, when it comes in and at what costs we know that they're already doing that we know that they have a private truck fleet. when we hear about the trucker shortage, it possibly is something that walmart is able to navigate a little better than some other players so that is always something that walmart is going to have to strive to do in order to keep its brand promise that every day low cost, in order to deliver every day low price, and walmart has proven it has the ability and will con

courtney reagan with new data and how many of you might have been secretly shopping online while others were cooking and cleaning and you were shopping not you. >> not me. early data from the big shopping weekend shows us that consumers spent $2.3 billion online by 3:00 p.m. yesterday. the day on track to see spending as high as 5.4 billion, up about 6% from last year. a good rise there. all of this is happening as stores are just opening right now, because remember many retailers were closed on thanksgiving last year and the retailers decided to do it again this year, which means the instore door busters are back on black friday again you have walmart, target, best buy, a number of retailers among those opening their doors right now on the east coast. 108 million americans are expected to shop today, 64% in store. up from half last year shy of the 2019 levels but today is expected to be the biggest instore shopping day of the year shoppers spend an average of 135 bucks in store today up from $124 last year, in 2020. to be fair, some of that increase could be from lower discount rates o

. >> courtney reagan, thank. >>> the holiday row tail season didn't start out as strong as expected despite some crowded malls. traffic at stores dropped 28 compared with 2019 levels. online retail sales came in at $8 billion versus $9 billion a year ago this comes as president biden meets with ceo's of retailers today. do you think retailers are holding back in any sort of way, either promotionally or the array of goods offered on black friday because of supply chain issues, the fear it won't have the inventory to meet demand >> it could be a piece of it i spent the weekend die jessing a number of the reports you mentioned coming out black friday for years has shifted. it has lost its relevance. i think black friday 2021 was extraordinarily disrupted for a number of factors. supply chain was one of them the chatter everywhere about supply chain disruptions likely caused shoppers to shop even earlier. earlier never, potentially october. that may have shifted some sales away from the black friday holiday. i spent a lot of time with my kids on friday in the mall the mall i went to was crowded

so things are changing courtney reagan is watching it all for us what are you seeing in the way thatrns and how people are doing their shopping is moving >> shep with every year digital sales are getting to be a bigger and bigger portion of the total overall sales pie and in-store traffic falls. the pandemic really poured an accelerant into online spending. so far, shopping solid total retail sales grew more than 14% black friday through sunday. with in-store spending up more than 16.5% from 2020 up 1.6% from 2019. this is across all payment forms. adobe analytics says e-commerce spending on thanksgiving day and black friday failed to grow year over year. flat and down 1% respectively. now the company says shoppers have already spent more than $99 billion between november 1st and 28 that's up 13.6% over last year and points to the early spending for the digital disappointment over the weekend plus, online shopping surged in 2020 so holding almost steady isn't really so bad. the end of the big five shopping stretch is just hours away, through 3:00 p.m. eastern time, online sales are u

so what does kohl's have in store for the holiday season and the year to come courtney reagan joins us now >> thank you very much, kelly. and, michelle, thank you for being here with us today kelly ran through some of the highlights of the quarter, by and large a pretty good quarter that you turned in i think so many investors are wondering can this momentum be sustained? as kelly mentioned you all didn't give a fourth quarter guidance what are you thinking for holiday? can you keep this up >> well, you just said it, courtney we had an outstanding quarter. and it really is a testament to our efforts to reposition the company. it's working it's working now, and it is setting us up for long-term profitable growth. a couple highlights, our sales were up 16%. i think, importantly, part of this repositioning was the profitability. so record earnings, we did guide the year for an all-time high eps. we're hitting our profit targets. our operating income level three years ahead of time. we're hitting it this year and lastly we announced a huge stock buyback. this is all about the long-term str

i'm courtney reagan in for melissa lee. tonight's line up. tonight on fast, hitting the like button. several stocks soaring today we'll break down what is behind the big moves. plus burning out cannabis stocks giving up early gains to close in the red. and coming up we'll speak with one of the biggest players in the space, true leaf joins us exclusively and later the crypto people, a rare copy of the u.s. constitution is about to hit the auction block. we'll tell you about the big bid in the crypto land for this prized piece of america. >>> but we start with the big week ahead for retail. walmart and home depot kick off things tomorrow morning before the bell with earnings reports and all reports in the coming days and expect s are high look at gains in some of the retail names over the past three months dillards up almost 75% and macy's higher by 64% and signet outpacing the msrp in the same period so how are you playing retail heading into this week? a big week for earnings and a head of black friday, my favorite time of the year. guy, let'

i'm going right to cnbc's courtney reagan with the latest. t, national retail federation president and ceo matthew shay. courtney, what stands out in the report to you the most? what does it mean for where we are in recovery? >> yeah, stephanie, i think you've heard a lot about prices at the pump and those increases. it's something that stands out to me. it's not that we strip it out, f you just isolate gasoline, prices are up 3.9% in october from september. and year over year, up almost 47%. that's something that consumers see and feel all the time, which very well could have an impact on other areas of spending. however, other areas of spending are holding up well, even when you take a rate of inflation into account, that you mentioned, retail sales are still higher. electronics and appliance stores did very well, up 3.8% in october from september. building materials, garden stores. those also saw sales increase, just shy of 4%. and department stores, you hear a lot about the death of the department store, but sales there grew more than 2% i

courtney reagan with our retail stories. >>> shares of this bank are slightly lower but climbing throughout cramer is a buyer. the stock up 2%. it actually makes up 2% of its charitable trust portfolio we will reveal the name next - [narrator] introducing the grubhub guarantee: our promise to deliver the food you love on time, and give you the lowest price, or you'll get $5 off your next order. ♪ >>> welcome back jim cramer bought more shares of morgan stanley today after they dipped on falling rates and covid concerns but he says the end of the pandemic is still in sight and morgan stanley isn't an interest-rate sensitive bank for more sign up for the cnbc investing club newsletter by pointing your phone's camera on at this qr code on the screen or go to cnbc.com/investingkrub for more picks >>> frank holland is live at an amazon warehouse in new jersey with some of my holiday gifts. frank. >> reporter: hey there they say they've invested a billion dollars in delivery network. that's the blue vans delivering packages like this mi u yi will tell you how your package gets to your front door,

dlano, i will keep you michael, i thank you let's bring in courtney reagan we don't have a lot of time, what is the expectation for top and bottom line >> kelly, obviously, this is a retailer that's going to be looking a of the a quarter trying to comp unwhat was very, very good this time last year when we were all stocking up on electronics to work from home and do school from home. many believe this company will bring us a nice surprise to the upside with a good expectation for the hello season the ceo holly berry will be on discrete next-- on "squawk on te street" tomorrow >> i think their enterprise side of the business has been growing strong i think best buy hans capitalize on secular strength. i would hold into the trade. >> let's close out with dig's sporting goods, up $150, believe it or not. can they keep the momentum going into the holiday eason courtney, what are we watching for? >> kelly, kick's sporting goods told us last quarter that they were going to report did start off strong retailers had a good start to back to school we don't think dick's will be any different bec

despite the surge we've seen in inflation which could mean a big boost for one group of retailers courtney reaganrs tend to attract more shoppers in economic downturns but recent data suggests that many shoppers are hitting the discounters as inflation starts to heat up. so, we'll average hourly earnings were up 5% in october compared to last year when you take the rate of inflation into account, declined more than 1% the just released consumer sentiment number also coming in much worse than expected hitting its lowest level in a decade so, transaction data shows that spending in the discount sector is not only growing compared to the same time prepandemic in 2019, but accelerating up 22.5% in august from 2019 to up 27.5% in october from 2019 with both higher transaction value and more items purchased per check out. in store traffic data shows an uptick in retailers that sell at lower prices so, traffic in october compared to 2019 up 21% for home goods, 16.5% for target and more than 13.5% for ross stores. 11.5% for burlington and nearly 5.5% for walmart and, of course, those big box players like

delays guys >> with more on what that supply chain crunch means for businesses and your wallet is courtney reagan. courtney, good morning it's nice to see you following the thanksgiving holiday so leftovers, we'll save those we've got some shopping to do here now so you've got supply chain issues, you've got shipping delays, you have inflation are we expecting this to be a quick start to the shopping rush >> yeah. it's good to see you good morning, peter. i think shoppers are reinvigorated this year. after last year, a strange year all the way around, you're seeing a lot of excitement for shoppers wanting to get back to the store. 108 million americans are expected to shop today 64% of them in store and we know a lot of online shopping has already happened. not just yesterday on thanksgiving, but actually in the days and weeks leading up to it 7 out of 10 shoppers started their holiday shopping before halloween, largely because they had been worried about availability because of what's going on in the supply chain and everything that we've been talking about. as a result, more than 60% of them ha

. >> i'm courtney reagan in for melissa lee. over the after hours action and william-sonoma on the move calls also underway. we will break those down straightaway and our trade of the day, macy's having its best da

. >> thank you >>> let's goat to courtney reagan, who's looking at the retail names getting slammed > still forecast to be the biggest in-store shopping day of the year. the big question is will it hold up investors are decidedly negative on the ability to weather another variant storm today. and over the last five years, black friday has been rather unremarkable never up or down more than a percent. this move is unusual for today among the retailers underperforming, look at the department store and mall-based store names. nordstrom down 7%, macy's off 6% and higher end names with significant international and names consumers that shop there have a little bit more sensitivity to market sell offs. look at capri holding. and this morning, many shoppers appear to be so far un-effected by the new variant the new ceo just after the door opened and the door busters kicked off >> our business is quite strong. so, we're encouraged by the traffic we're seeing >> it's all too familiar for us and we're going to be ready for the next wave, whatever it is. >> right up 67% from last year. nintendo

courtney reagan with the numbers. >> hi there.tart with thread up this is the resell platform online for women's and kids cloetding reporting for their third quarter a loss of 15 cents for thread up and one penny better than the street looking for. better than expectations you can see shares up more than 6.5% also giving stronger fourth quarter revenues for guidance and then moving to the real real for the third quarter. this online resell consignment platform with a loss on revenues of $119 million. gross merchandise volume or value up 50% from 2020 and 46% from 2019. the take rate fell about 50 basis points you can see shares of the real real higher by almost 7% after hours. back to you. >> two winners thank you. a common thread is they don't have supply chain issues because they're both secondhand resellers and the thread um quote from the co-founder and the ceo said supply seems endless and distinguishes the names hot or not in the market supply chain is the top issue. they don't have it. >> absolutely don't have it. shipping

i'm courtney reagan in for melissa lee.-- couldn't, the big warning for small caps the chart master sees trouble brewing in the charts. plus foot locker plunging today. what set the locker into the hurt locker. and the mega stock on a tear the name and how to trade it straight ahead >>> a new wave

i'm courtney reagan in for melissa lee. tonight's line up.utton. several stocks soaring today we'll break down what is behind the big moves. plus burning out cannabis stocks giving up early gains to close in the red. and coming up we'll speak with one of the biggest players in the space, true leaf joins us exclusively and later the crypto people, a rare copy of the u.s. constitution is about to hit the auction block. we'll tell you about the big bid

. >> all right meantime urban's out let's get to courtney reagan >> high there.ith the third quarters with earnings per share of 89 cents. beats estimates. stronger revenues than expected. there is no guidance on the release. the company does talk about being excited and that november comp sales to date for all brands accelerated from the q3 rate and the q3 rate net comparable net sales increasing 14% and all in the digital channels double digit growth in channel and negative retail store sales due to reduced store traffic all in both stores and digital up 5%. up 7% at urban outfitter just investors are disappointed down 10% from the lack of guidance or most of this is coming from the website and not from the stores and heard so much about shoppers wanting to go back to the stores hopefully we'll get more color on the call. back to you. >> yep 33.50 goes almost back to the interesting out month. we talked about the overall macro picture of the consumer. the strongest he's seen in his career. >> yeah. absolutely i think that the consumer is really firing on all cy