estee lauder has margins above 80%. they're just less exposed to these costs.hink that's the number one thing that altria and estee lauder and even a coca-cola have in common. the second thing is the ability for them to price and the elasticity is with the consumer. while the consumer can handle a lot now because of all the stimulus, you think about tobacco products, they've always been very low sensitivity in terms of pricing because consumers are going to buy them pretty much regardless of the price. beauty products, especially premium beauty products, women want to buy the brand that they want to buy. and even when it comes to a thing like coca-cola, remember, they're selling concentrate to the bottlers so a lot of the costs don't show up on their p & l. >> it never hurts to be segllin an addictive product in this kind of environment, does it, nick speak of altria. and to a lesser degree things that can hook you, whether it's caffeine-related or whatever nick modi, thanks. >> or perfume. >> or perfume. and that's a really good point nick just made is you wan

estee lauder also beat, but that gain pales in comparison.ey beat adjusted earnings, you won't be surprised to see that comp sales absolutely soaring for a second quarter in a row, up 61%. that is just extraordinary. that is the reopening trade right there, after pandemic same-store sales were down for a few quarters. if we break down the earnings just a little bit more, it wasn't just about the results. they also reinstated their quarterly dividend of $.15 per share. so on top of comps, same-store sales rising, on top of saying that sales could be $24 billion this year, dividend back in place, the question is how will the company deal with delta? not only is that the best day of the year, it is the best year right now ever, going back to 1990 three. macy's up about 85% on the year, beating the retail index, also beating estee lauder, so macy's clearly firing on all cylinders. stellar performance. but will delta crimson at? -- delta crimp that? alix: literally a sentence i never thought i would hear. let's break it down more with paula rosenb

estee lauder's makeup but it's also clear skin.ing better than makeup new forecast of 13 plus 16%, joining apple, starbucks and nike as the companies that are unstoppable when it comes to china. stock was up 4, now it's coming in in part because people are saying you know what, i'm going to smack the head of anything that's up, whether it be macy's, kohl's or estee lauder this quarter is much better than expected even two days ago, the excellent ceo would guide things down. take it as a grain of salt that estee lauder today may not do that well, but this is a much better quarter than i thought. >> 10% above pre-pandemic. the margins there are super fat. it's amazing they did it. >> i remember he said do you know judy free, i said it always looks like a bargain i spend a lot of money they have a lot of products that are actually quite expensive but are loved. and when you get them for people, people get excited now sephora, by the way, is doing very well for kohl's so makeup there is good, but this is clear skin and remember, when y

got a bunch of calls on consumer names, levi, estee lauder, under armour and just wait until you see what jim and david have planned for the mad dash we're back in a minute at usaa, we've been called too exclusive. because we were created for officers. but as we've evolved with the military, we've grown to serve all who've honorably served. no matter their rank, or when they were in. a marine just out of basic, or a petty officer from '73. and even his kids. and their kids. usaa is made for all who've honorably served and their families. are we still exclusive? absolutely. and that's exactly why you should join. team usa is ready for the olympic games... are we still exclusive? absolutely. ...and so is sharon! she got xfinity internet and mobile together... so she has fast and reliable wifi at home... wow! ...and nationwide 5g on the most reliable wireless network... oh my gosh! ...plus up to 400 dollars off her wireless bill! wow! cheer on team usa with xfinity internet. and ask how to save up to $400 a year on your wireless bill when you add xfinity mobile. get started today. >>> f

thursday, estee lauder and others. more of a tile on the reopening.e have the interesting consumer confidence trend. retail earnings will be front and center next week. everyone wanting to know what is happening is consumers get back out there, guy. guy: -- that some great coverage indeed. let's talk about what's happening with these markets, inching ever higher, sarah hunt, she is giving us her take on this. are you reopening or stay at home? >> you have to be a little bit of both? our cases are peaking. no question about that. i think you're going to reopen, and what will that reopening look like we have that situation with reopening. there is going to be some concern. alyx: it is hard to gauge where the pecan cases was, could we at least gauge where the bottom is? we have seen treasury yields and that reopening. >> yields are a tricky situation. you have a lot of things pushing against it with very low yields, there's a question about whether or not the economy is going to be strong enough to handle a chain. i think it is entirely possible from thi

. >> all right and the lingerster >> estee lauder.here are structural opportunities in china, digital e-commerce and skin care there's a self-help story there and $10 earnings power by 2023. >> thanks everybody. cramer's with us tomorrow. can't wait for that. "the exchange" is now. >> thank you very much, scott. hi, everybody. here's what's ahead this hour with the dow down 500 points another day of disappointing data as retail sales missed, home builder sentiment sinks what is the real state of the economy right now? are investors overestimating the strength and spending wil willingness of the u.s. consumer we will ask. there is one area of the market that's been holding its breath meantime for congress to act on a debt ceiling if the stalemate we're seeing continues one strategyist says we could be in for financial consequences there that last a generation plus not so wishful thinking

slammed today the buyer threw caution to the wind and the stock jumped 2% anyone on last wees eke estee lauder call knows this is a play of cross border travel they do tons of business in airports oh, i like the go out stocks in this one especially, chipotle, which is now very close to finishing the long march to 2000 that i predicted, 1,000 points ago. how about the international travel place people are really feeling more emboldened to me that means mastercard and v, which is visa, which have been severely beaten up after reporting fantastic quarters remember, having a keen eye for the obvious makes you a junior warren buffett in this market. you want the best buy the news story? i think the airlines and the cruise lines, shockers, the pfizer approval seems to have ignited them airlines, southwest, please, luv, it's incredibly beaten up it's the best run with the best routes buy it here. next up, the cyclicals now, i guess under some pretext they were the big winners. the world's reopening, we buy the cyclicals especially if they're -- markets seems to agree in the morning those stocks took

. >> all right and the lingerster >> estee lauder. i think there are structural opportunities in china, digital e-commerce and skin care there's a self-help story there and $10 earnings power by 2023. >> thanks everybody. cramer's with us tomorrow. can't wait for that. "the exchange" is now. >> thank you very much, scott. hi, everybody. here's what's ahead this hour with the dow down 500 points another day of disappointing data as retail sales missed, home builder sentiment sinks what is the real state of the economy right now? are investors overestimating the strength and spending wil willingness of the u.s. consumer we will ask. there is one area of the market that's been holding its breath meantime for congress to act on a debt ceiling if the stalemate we're seeing continues one strategyist says we could be in for financial consequences there that last a generation plus not so wishful thinking a roadblock for roblox and honestly bad earnings. it's all coming up this hour but let's start with the markets. dom, right at session lows,

. >> estee lauder is telling you -- stuff is not gel. ever buy >> ah, no. the not cheap. no >> two face? >> who did you say two face or toothpaste i don't buy any. >> your lack of -- >> you know that. >> women's cosmetics it's frightening. >> okay. >> so part of it is signs of some more support in china the other part, jim, is that with the approval of the pfizer vaccine, maybe some of these company mandates are going to have some weight, but from the public and private sector. yesterday alone chevron, disney employees, texans, new jersey, new york city teachers, the military, of course and the roundtable, business, not only applaud these companies for instituted mandates but urge policymakers not to get in their way, basically. >> how about a governor like in the state of texas, allowed a cruise from galveston where a person died from covid. the cruise, by the way, was a carnival cruise, at 2,800 past years could be a mid-sized ship. and odd number, 5% 200 unvaccinated remember, when you see these kinds of numbers what you have to think is, that there is breakthrough gal

estee lauder they have makeup and skin care for the longest time, makeup, because it's a selfie generation, had been the predominant way they made money. it's now skin care why? masking and it's only accelerating i think that masking, stay home, it's the new norm. by the way, it's hybrid, carl. >> we're not -- i'm not suggesting we are a proxy for anything, but we've been coming in here five days a week since, what, june >> yeah, since the beginning of june the three of us, yeah. >> is that an argument that this is doable or something about television is special and you kind of have to be there because doing the show from home was difficult? >> i take my mask when i'm up here, otherwise i have it on 100% of the time. >> many of our colleagues are working from home and doing a really good job, by the way. i'd love to see you sometime. >> did you wear a mask on "jeopardy" >> i did except when i was on set. i tape that he had in april, early may and the protocols were extraordinarily tough. the unions and sony very tough. >> but you wear a mask on the subway. >> of course. >> of course. >> bu

we will hear from macy's and estee lauder and petco and kohl's coming up we with ll talk to ron coughlin coming up. and make sure you see "cnbc evolve." courtney regan will talk about the staffing shortages and so much more. it will be fascinating to listen to that. register at cnbc.co cnbc.com/eventsevolve. >> andrew, gordan johnson will be on. chill. chill. talk it's just words. can't we just talk, andrew >> it is challenging to say things that are negative about tesla. the truth is and saying negative things about tesla, by the way, have generally been wrong and right at the same time you can make the comments that are accurate and truth, but not move the stock >> right i said if gordon was managing money, he would have been broke 20 times i already said that. i still like listening to him. he is very smart who knows with a lot of this what finally happens nobody knows munster seems bullish. cathie wood said for a while, we would have flying autonomous taxis by 2022. >> i don't know about flying ones autonomous taxis by 2020 >> i'm waiting for the flying. you think those might be dang

stuart: estÉe lauder. >> what do they do?they do really well and spending once again on high end because they want to go back to the office. >> pretty good earnings reports. >> what about the consumer and the economy? >> futures suggest the selloff continuing down 280 on the dow. looking at these headlines it appears the media is starting to turn on president biden. the washington post, biden's grave miscalculation in afghanistan in the washington post. more on that. earlier this week we showed you this scene of people clinging to a military plan desperate to get out. and packed inside. president biden was asked about it. he seems confused and defensive. watch this. >> we have all seen pictures of hundreds of people packed into a c-17. we've seen afghans -- >> president biden: we -- that was 5 days ago. stuart: wesley hunt will take that on after this. coverage customizer tool? sorry? well, since you asked. it finds discounts and policy recommendations, so you only pay for what you need. limu, you're an animal! who's got the

where there is pricing power and urban outfitters and abercrombie and cosmetic businesses like estee lauder you mentioned gap earlier. they had a very good quarter numbers are moving up. they basically have been able to manage through the freight while still being a headwind for the second half of the year, i don't have any apparel company that isn't going to have a headwind from fright monitored by and frankly moderated by demand. the demand is there and goods are selling at full price because inventory levels are lean and this is going to be through the end of the year what every company is talking about >> we have talked about how the pandemic affected everybody in terms of omni channel and online orders and then we say this isn't the pandemic, this is supply chain that's the pandemic, too so, it's all related to that but it seems like a different sort of side of what we're dealing with it's still the pandemic. let's go back to the other thing we were talking about and that is people going to stores and, you know, whether they're picking up goods from, i read dick's people are coming to