. >>> estÉe lauder forecasts a rosy holiday season. that's where we begin tonight's market focus.the cosmetics maker says its efforts to appeal to the millenial demographic are paying off. the company, which was acquired brands popular with that generation, reported a better than expected rise in sales and profits. the company also saw solid demand in its international markets and raised its sales guidance for the quarter. shares of estÉe lauder popped 9% to $122.12. >>> "the new york times" said a rise in digital subscribers helped it top expectations but revenue suffered as print ad sales fell. the company said pressure in the ad space would hurt holiday advertising sales. shares as a result were off almost 6% to $18 even. >>> garmein raised its full yea outlook, saying strong demand in its aviation and marine units helped to offset lower sales in its fitness and auto businesses. shares of garmin up to $59.80. >>> southern company reported stronger than expected profits but saw sales come up short. the power supplier said poor weather conditions contributed to the decline. >> we

i say go to estee lauder jordan in texas. >> caller: i was wondering what you thought about b now?they had oil stocks are just too rough on me. and that ladies and gentlemen is the conclusion of the "lightning round. >>yeah, 5 years already. 5 years, hmm. you ever call your broker for help? >>once, when volatility spiked... and? >>by the time they got me an answer, it was too late. td ameritrade's elite service team can handle your toughest questions right away- with volatility, it's all about your risk distribution. good to know. >>thanks, mike. we got your back kate. >>does he do that all the time? oh yeah, sometimes he pops out of the couch. help from real traders. only with td ameritrade. what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley >>> maybe i'm sentimental, but i always root for bricks & mortar retail probably because my mom worked at lites and my dad worked at gent

a lot of people thought he was in line to run proctor >> he's been in charge of estee lauder and has been for some time >> he looks at every airport in the world and those dutyfree stores are doing double digit business he understands what the iphone x brings you cannot use the iphone x without using estee lauder makeup it is dangerous. i looked at the iphone x yesterday and i said, who is that guy and then i started thinking about allergan i need botox. >> you're not going to start wearing makeup. >> no, but i'm going to get botox. with the iphone x, everyone has to get botox >> where are you going to do it? >> that's caibelo. >> it was a monster good quarter and his worldwide sales are back and i think about what would happen had he been running proctor. there's literally a laboratory where they have all of these little branches and he picks and chooses and all of his stuff is like he's running what peltz wanted and can i just say, mr. freita understands that you pay up for your iphone and uber and for makeup and i told him that >> you did you talked to me about the selfie generati

>> we're back to estee lauder. let's get back to facebook, though 49% topline growth >> the numbers are amazing and the bottom line on onex, i'm saying, is a sandbag >> but the costs are going up in a significant way. you don't believe it you don't care >> they saidthe ad load was going to go down and the ad load went up huge these guys are the ultimately underpromisers and the ultimate overdelivers the stock gets hit and then the next thing, you look at it, the target prices have to be raised and it's at $200. >> and talking about the importance of in video and live video. >> sheryl sandberg talks about the small and medium-sized businesses lined up against video. and i'm sitting here thinking, okay, i am going to advertise everybody who is in this zip code and they're going to get it to me and i'm going to kill it and that's how every small to medium-sized businesses read this you want to call sheryl sandberg right now. do you know that they probably have no sales department they just have someone answering the p

and including lululemon and macy's, the best severals were apple, nike, new balance and gap and estee lauder. this singles day alibaba is not only talking about sales but it's also using the event to show case its new initiatives which the management believes will transform china's retail market and also change what alibaba does in retaili in this country. alibaba believes the way forward is to mov beyond e commerce and integrate the technology from online platforms and users into old fashioned bricks and mortars. one of the experiments they are doing right now is with the supermarket chain huma, like a high tech chinese version of whole foodsnd the idea is for shoppers to use their mobile phones to scan products for more information and also to place orders online and potentially get these groceries deliver to their home in 30 minutes or they could choose to go to the checkout counter and instead have their faces scanned by a facial recognition system and that is how they pay. it all sounds very futuristic but it is happening now in china. for nightly business report, in shanghai. >> coming

some of your individual movers today, estee lauder about 10%. company did cut its forecast and garmin up about 5% investors taking a big bite out of papa john's pizza that stock down 10% after lowering its guidance. papa john's saying the nfl and its leadership hurt the company by not resolving the protest taking place >> people watching the game and people ordering pizza. president trump speaking a short while ago as he gets ready for his big overseas trip to asia. tax reform and the next fed chief is among his topics. >> that's right. this came in a cabinet meeting the president held today we believe it's his sixth meeting so far the president saying some of his heaviest hitters will stay behind as he goes onto asia and a bit of a joke about that here's what he said. >> secretary mnuchin and gary cohen will be saying back from the trip to asia to remain individuvigilant and make sure x cuts pass. if i have any problems, i will be blaming mnuchin and cohen. >> reporter: that comment getting a big laugh from the president that he's already decid

american companies are turning out to be the bestsellers, apple, nike, new balance, the gap, and estÉe lauderalso the u.s. so far is the second bestselling country to chinese consumers. now, all the talk is not only about sales but alibaba's initiatives to try to transform the whole retail landscape alibaba believes the chinese consumer is about to change the way they shop. that's one of the reasons why alibaba wants to leverage their technology as well as their online platforms and users and integrate it into physical stores we saw over the past year or so, alibaba investing $8 billion into malls, department stores, as well as supermarket chains. and it's a supermarket chain that alibaba has been holding up as this potential shining light of what the future for retail could be here. the supermarket chain is called koma, sort of like this chinese version of a high tech whole foods. and the idea behind it is that chinese shoppers would go into the supermarket and use their mobile phones to scan products, get more information about them, and also then place orders online, eventually getting del

let's take a look at estÉe lauder this morning. we saw the profit and sales doing well.s smash box and also tom ford. the stock is up about 4% and it raises quarterly dividends. it is a winner today and benefited from an acquisition. we will have some key names right here on foxbusiness. facebook has been a winner here an all-time high yesterday. this morning facebook is looking higher as well up a 1.1 percent. we will watch for that one. we saw that got beaten down after the talk that apple may cut out that chip in the new year. then there is tesla. if 85% this year. no one is expecting a great quarter from tesla because the third quarter we note they've have a model three production issues. still have i will talk with the new york governor about the terrorist attack in new york city yesterday. plus his feeling about the tax plan into new yorkers paying higher taxes. back in a moment. she thought it was a fire. it was worse. a sinkhole opened up under our museum. eight priceless corvettes had plunged into it. chubb was there within hours. they helped make sure it was sa

it's causal for estee lauder.that a genuine thesis >> i think it's be a -- that's a global phenomenal. we're up 60% in china for example. i'm looking forward to the iphone x i'm getting it next week and i think i'm going to get botox afterwards >> well i think you're going to have to it that's britt he's ceo of allergan he knows the drugs i know the stocks stick with cramer. the amazing new iphone 8 is at at&t... and we know you'll love it. because we know you want more. more great camera features and more power. and more than just unlimited data, we give you unlimited plans with hbo included for life. because you deserve more entertainment. and more spokespeople. talking like this, saying the word more. at&t. it's time for more. am i too close? i feel like i'm too close. get the iphone 8 and with all at&t unlimited plans, get hbo for life. only from at&t. ♪ >>> okay so now i like the stock of kellogg they got to like something don't they i'm talking about the huge gaggle of analyst who need to slap something on t

category nike also at the top of its category with new balance following close behind sketchers, estee lauder, american tourister were in the top five in their category sold on alibaba sites similar pattern on j.d. sites as well people were buying apparel, electronics and also cosmetics apple again topped the list on j.d. they did well with sports apparel. columbia as well north face saw a jump of 400%. columbia saw sales up by 80000%. olay which is a p&g product saw it up 2% bose sold the same amount last year in the first ten minutes this year. j.d. said they saw interesting patterns chinese people are starting to buy more and more higher quality goods. specialty items did really, really well. they have fresh food 20,000 tons of fresh food which includes 2 million crabs luxury goods very popular. they sold 400,000 watches. single day isn't only about the sales but it's also about the new retail that was one of the areas that we saw alibaba pushing jack ma said he wants to see chinese people not only buying differently but also shopping differently using their mobile phones in physical store

and that includes nike, lululemon, macy's, the gap, and estee lauder as you know, it's not only about the sales this year. alibaba has been using this day to try to push newer initiatives that they believe are going to shake up and transform the retail industry here they are calling it new retail, and the idea behind it is that alibaba is going to use a lot of its technology and know how, its online platforms and users and leverage it into physical department stores and mall operators. now, one of the examples they keep using is the investment they've made into a supermarket chain, and this company is kind of like a high-tech chinese version of whole foods so the idea behind it is that a consumer can go into the supermarket and they are using their mobile phone, ordering their food online, they are having that delivered to their house in the next 30 minutes or if they could go to the self checkout area and check it out once they do and get to the end of the process, there's a system that has facial recognition and it scans their face so they could pay using alibaba's payment platform

. >> caller: avon and revlon dominate the space despite this maturity estee lauder continues to designnd produce new products in new markets. ease in momentum continues on the strength of china offsetting weakness in the americas. >> right. >> caller: the company consistently beats revenue and earnings estimates so, jim, in this day of millennials obsessing with selfies and instagrams can we ride it higher or am i just putting hope in a jar. >> el is a very expensive stock and put that out at the beginning. why, fabrizio is about as close to a genius as can you get he last laboratories of cast mettics when one takes off he moves it over and starts blowing it out i would prefer for a pullback but you can buy a little more and get a sell-off again and buy some lower thank you for the kind comments and sorry about the bears. cheryl in maine. >> caller: hello, boo-yah, mr. cramer. >> boo-yah cheryl >> caller: hi there. >> how are you doing >> caller: hey, i've been wondering, i've noticed when i go to walmart and i need some caulking i'm going to buy it at walmart. i considered purchasing

scarlet: estee lauder at a record high, up 9%. and forecast for the year following better than expected its fiscal first quarter. down point software 12.5%. cognizant technology off by almost 3%, a fourth quarter forecasts not of to snuff. ision missed estimates, but guidance points to a big sequential decline. that has raised questions about the company's fundamental outlook. joe: let's look at the government bond market. not a ton of action in either direction. you would not know there is an fomc decision. much more excitement about the trump fed decision tomorrow. two-year yields up a little bit, 10 year yields down my hair. the greek 10 year yield, some optimism about the country successfully completing its next bailout review. >> concurrency, you can see the currency,her -- in you can see the dollar higher. a pretty choppy session. that adpr higher after report, then the manufacturing number came in. a quick look at sterling. we got that report the u.k. defense secretary has resigned. that is headline-grabbing for the u.k. we

. >> another interesting mover estee lauder, up 9%, very strong report clorox sells a record amount of disinfecting wipes after the hurricane. it's being rewarded. this an interesting group because it has lagged the market what we've seen so far from the earnings are real signs of the global economic expansion and better sales. >> it's a combination -- this market is a combination of leaders leading in a big way, megacap leaders we've been talking about and this constant rotation go back and pick up something that's fallen behind too much like consumer staples when, in fact, seems like dynamics and markets are stabilizing, business is stabilizing. you saw with the food stocks, nobody really likes them if all of a sudden they are stabilizing and doing better than expected, that's enough. >> they are not getting hit by the strong dollar anymore. >> there are limits, though, to that ua and ge as examples. >> that's right. >> record low. >> in fact, one of the more amazing things about the market, up 15% at s&p this year when you've had whole swaths of the market cat dpegorized as disrup,

anoint stocks and they have anointed home depot, 3-m, honeywell, lam research, my crow stocks and estee lauder, amat my dog who answered and the other dog who was sick, envidya. it's incredible i had one. juicie juiciest morsels, a raw lamb shank and he didn't answer to everett, coming for nvidia that is love stock, and the only reason i mention this is because josh, nvidia, cold, right? >> listen, i -- i look at nvidia, and i look at micron. >> that's on my list. >> and anything semiconductor-related, they just don't stop, so when you look at the charts -- >> some wondering whether the m & a and chip is a sign of the top itself. >> who are throwing that out there? >> marvel, others. >> i think there's an arms race, and i think the semi companies know that they need to be multi-facetted and they need to be able to speak the language of new technologies so it makes sense for them to get together rather than partnering or joint ventures i don't know that we can just say it's a lot of m & a, it's topping. >> marvel is up 4.5%, 5% today or something like that, judge, so, i mean, this deal, is it l

better profits also at estee lauder, apparently strong demand for make up.ock is up 8 and a half percent. go figure. higher profits of clorox, bird's bees, i keep using that word, apparently -- [laughter] stuart: doing very well. the stock is up 3%, 130 bucks on clorox. chip-maker, stock in record territory, i've been following it, that thing has gone straight up. it's acting like a big tech stock. well over $200 right now. amazon, here we go. announcing 100 million items now qualify for free shipping. did i read that right? >> staggering number. stuart: producer is verifying in my ear, 100 million items qualified for free shipping. i've got to get to sears, i thought we were going to play the organ music. that's eddy, he gave his company, sears, another 60 million-dollar lifeline. do you think that's putting good money after bad? >> there has to be a reason why he's doing this. he's a smart investor. i don't understand personally. probably related to -- the money, the loans that he's giving the companies are being secured by real estate. there may be a play

including estee lauder and concorde resources. earnings by put up 25 -- 25%. resources, clorox, their view is the midpoint trails estimate, but lots of strength here for these companies. fueling those records, breaking news on the middle east. its alliess asked for financial assistance, trying to replenish his foreign-exchange reserves and devaluation,ncy that has reverberations across the region, according to people with knowledge of the talks. it has been boehner will slumping oil prices and regional instability than some of its richer neighbors. this request was made to the united arab emirates. kuwait was also asked for assistance. those countries responded by requesting bar rain bring its finances under control in exchange for getting this funding. the talks are at an early stage. the bar rain index is still higher for the day. the ball rain index is still higher for the day. index is still higher for the day. let's go to our chief washington correspondent who is on capitol hill. it has been a difficult 24 hours with the attack in new york. mine's have be

skechers, estee lauder, and american tourister, all of them were among the top five within their categorysaw a similar pattern with jd as well. with jd, again, apple topped the list number one in mobile phones. north face or vfc was up 400%. columbia sportswear up 800%. p&g's olay, beauty products, yet again sales were twice as much as last year and bose, the audio gear company, said its sales were outpaced last year's single day sales in just ten minutes. that was all on jd, and jd also said they noticed other patterns, and one is that chinese consumers are choosing more authentic, higher quality goods like never before. they said that was the reason why they saw a lot of interest in specialty items so more than 20,000 tons of fresh food was bought on their site, including 2 million harry crabs, which are currently in season in china. also, luxury goods were favored items. 400,000 watches were sold on jd's sites the other trend jd saw was more women are also shopping. so jd has traditionally here been kind of known for more of their gadgets and selling to guys they have been trying to ch

was 13 and 14 and that really bugs the heck out of me that's why everybody has to go and go to estee lauderyou have to sephora yourself before you go on. i'll go every day because he was selfied to the point where i like to wear it to sleep i wear it when i wake up you can't leave the house without makeup any more with the 10 it's changed my life >> we can just keep our makeup all on day. >> i plan on it. let's get the open being bell and s&p at the bottom of the screen at the big board it is changed, celebrating the launch of the diversified impact, fossil fuel, nasdaq web summit, a global technology conference held in portugal overall, jim, in terms of the markets if we get our record high on the s&p, we will tie 2014 for the fourth biggest yearly total the melt up is continuing. >> i love the fact that the melt up -- let's call it a revolving met up we had entertainment go up a year ago it's surging again did not believe this move in the oils, no one seems to be care. but you have this whole area of the stock market just been fallow and come to life and that rotation has made it so even

accepting the s&p 500 this week, estee lauder, that stock is up 7 percent. vanguard visiting the exchange and ringing the opening bell. what a day it is so far. a live look at the dow jones, up 136 points. 23,512. up more than half of a percent. and i'm taking a look at the nasdaq and s&p 500. the s&p 500 doing good with earnings reports. 2585. the nasdaq is up above 6737. >>> americans are spending more saving the least amount of money in nearly ten years. the commerce department says the savings rate in september dipped to 3.1%. that is the weakest level since december 2007. right before the great recession. economists say a lower savings rate is confidence in the economy as the stock market heats up and the unemployment rate drops. it can also mean a rise in expenses. consumers are spending more on big ticket items like appliances and cars. >>> 10,000 employees to 20,000 by the end of next year. the general counsel at facebook told senators at a committee hearing yesterday that the company will invest more on security. he testified along with other execut

that includes nike, lululemon, the gap, and estee lauder.gles day, baby, isn't only talking about large sales but also their strategy forward. they see they shouldn't be staying only in e-commerce, but the way forward is to incorporate their technology and online platforms into bricks and mortar stores. so one of the examples they have been showcasing today is with their supermarket chain. it's a company, and this company is sort of like a high-tech chinese version of whole foods so the idea behind it is that shoppers can go into the store with their mobile phone, they can scan information about each product. they can also order online and have those products delivered to their homes in 30 minutes or they can just take it out themselves if they decide to take it out themselves, they go to a check-out counter where there's a system that has facial recognition. it scans your face and then you pay. now, it all sounds very futuristic, but it's happening now in china guys >> we were just talking about that marriage of brick and mortar and online

to name some of the best american sellers so far, apple, nike, new balance, the gap, as well as estee lauder the u.s. is the second best selling country to the chinese after japan. this singles day isn't only about sales but about alibaba really showcasing new initiatives it has that it believes will help change the entire retail landscape in china. and also alter what alibaba does in retailing in this country so alibaba, for example, owns a chain of supermarkets. it's called huma what they're hoping to do is really leverage off of the online platforms and users that it has in order to sbintegrate t into physical stores so this chain is kind of like this high-tech dhchinese version of whole foods. the idea behind it, they want chinese people to go in and shop with their mobile phones, scan various items in there for more information. also place orders. and have those groceries delivered to their homes within 30 minutes or they could just take the groceries, stick them in their basket and go to the checkout counter where their face will be scanned by a facial recognition software, and then th

ulta down 6% >> so sort of interesting because estee lauder had such a good number, right so it goesto that theme of you want to own product, right you want to own the manufacturers. you don't want to own the distributors this one was kind of interesting to me, the setup, because the stock is down 13% year to date. >> is that all feels like more. >> it bounced. >> it bounced. right. it's bounced, but it's down 13%. the multiple went from 34 times to 21 times forward. so you had a derating there. i just thought the jetup wsetup better clearly they're having issues e and speaks to margins. the quarter, poor quality, tax, buybacks, really a disappointment. >> courtney mentioned the fourth quarter guidance was light upper end of the guide below the street consensus at this point if you look at the commentary going into the number, they're lapping very strong numbers in past years including getting people to sign up for rewards program and reportedly the rihannasephora is doing very well. >> paul, got a comment on the rihanna line >> ulta, the big theme earlier this year is it was amazon

able to bust into wealthiest crowds don't have distribution with operational brands louis vuitton estee laudergagement policy with amazon if acquired nordstrom in addition to 550 great stores about located in affluent neighborhoods they get relationships with pretty much every luxury brand so this makes all kinds of -- having said that there is xfactor nordstrom family controlled zis made around thanksgiving dinner table. >> amazon you don't think amazon as having relationship with upper end with luxury brands because you think of amazon as value. >> that is right, conveniences not necessariaspirational part. >> to a certain extent they have seen it cross other categories decided to hold back i am not sure wrong decision a lot of people think that amazon partners with a brand the way virus partners with a host over long term not good for the brand. just pulls down prices creates suboptimal distribution bad for brand equity you could argue amazon partnering with half billion consumers fanatical investors provide cheap capital to basically destroy brands they are using brands as bait swapping th

stuart: you plug that into an operation like ralph lorenz, estÉe lauder, for example.d with all those people. >> is actually how you take in order, and how you take the payment from the customer all the way through it even customer service. 3.5000 nations will answer phones and check to make sure these things work well for customers. stuart: you are not a publicly traded company. >> we are not. stuart: doing a piece of that? >> yeah. not meant to be that interesting actually. stuart: you're not when it's on me? >> no, no. stuart: my ex-wife is watching. i can't. [laughter] stuart: you'll be back on this program. let me tell you. revenue about a billion. stuart: a little over a billion dollars. stuart: that should be rising rapidly. >> 14% or so this year. more of our picking up their forecasts as well. absolutely. a space which is growing rapidly. margins are definitely compress with pressure from amazon free shipping. it's a mixed bag. a lot of great tale when clinton had vince as well. stuart: are you helping bricks and mortar stores stay in business or are you killi

sketchers, estee lauder and american tourister were in the top five in their category now in j.d.saw a similar pattern where people were buying similar items. apple again topped the list. north face was up 400% columbia sports wear up 800% p&g's olay sales and for bose, the sales out paced last year's sales in 10 minutes. j.d. said the other pattern they saw was something they've seen for a number of years. chinese people are choosing to buy higher, more sophisticated items. specialty items did really, really well. 20,000 tons of fresh food. about 2 million hairy crabs. luxury goods were hot items including watches. in fact, there was one company that i thought was interesting a chinese bijo company offered a lifetime supply, 12 bottles every single month for the rest of your life for about $1700. that deal was sold out. >> eunice, did you say hairy crabs. >> what is that? >> you see them in shanghai. they're crabs. they look like their' hairy. they're really popular you see them when i was saying hairy crabs, i was like, i don't know >> i needed a further explanation. >> should i

showing up some of the top american sellers so far, apple, nike, new balance and the gap as well as estee lauders the second top nation so far to chinese consumers on this singles day. international brands are taken part more than ever before 60,000 of them are international brands alibaba does want to showcase and news this day to showcase some of its new initiatives that it believes it is going to shake up the retail industry in china. what alibaba is trying to do is leverage off of its online platform and its users and use the technology and integrated into physical stores, the brick and mortar, they have been showcasing one model of the super market chain it is high-tech chinese version of whole foods and what they hope is happening in some experimental stores is that chinese consumer would go in and use their mobile phone and scan information on various products and place orders online and those products would be delivered to their house within half an hour or they can put right into their basket and when they go to the end of the process and want to check out, there is a system that uses f