neoup 4% after morgan stanley said the chinese ev maker is ready for an rebound estee lauder rising almostom oppenheimer that a recovery in china could help drive growth it is a bigley diversified company. let's bring in jeff goldberg, cnbc contributor let's start with jd.com which looks like a nice vodka gimlet on the rocks there. >> it does, tyler. certainly we may need more than three drinks to unpack but i'm cautiously optimistic china is reopening. we are certainly seeing the second largest economy coming back as lockdowns rebate jd is about 25% of allibaba. if you think about the fulfillment infrastructure that amazon has implemented, they have the ability in the same way with the last-mile delivery network with their own employees. they are taking a playbook out of the amazon path but if you look at jd specifically, oversold conditions, i want to see it back to the 50-day moving average of $97 it should allow a nice name, about 32 times move higher >> what about nio? >> so nio is a really interesting name you look at this absolutely cream crackered, right, kelly? down about 47% year

estee lauder coming out and was down as much as 10%. they are cutting their full your outlook.this has to do with growth around the world. when you hear that messaging from a company like estee lauder it also lands nike and starbucks with major presence in china. guy: thank you very much. let's get back to one of the main stories of the day. the supreme court confirming that the roe v. wade document is authentic but not a final opinion. here is david westin. david, what do you make of the latest news? david: it is interesting what chief justice roberts has done. he decried the fact there was a leak but confirmed it is authentic. underscoring the fact this is not the decision of anyone, even justice alito. they can change their minds during the deliberation process and often do. kailey: david, there are two issues at play. one is the fact the leak happened. the other is what indicates which is an overturning of roe v. wade. how does this have implications for the midterm elections and the presidential election of 2024? david: that is a big issue. it is not just a legal question

let's bring in nick modi i'll start with el, hopefully they're on your list you would expect estee lauderall companies to be a classic case of pricing power. what happened here >> absolutely. they'll be reporting tomorrow, actually the reality is they have a lot of exposure to china so when you think about lockdowns happening, that's obviously going to be a weight on their top line, and we'll probably hear that from them tomorrow, but the stock has corrected way more than i think earnings will correct, and i suspect what's happening in china will end up being transitory and we should start seeing the growth resume once the china situation resolves >> that would be a name you're more constructive on even though it's been on the red what about codi, sort of sticking with the space? >> i was on the show not too long ago talking about my view on where you should be placing their bets and that's companies levered toward mobility and estee and the china lockdowns got in the way, but when you think about cody, here is a company, coty from shelf space losses and gaining market share and as we all

extend yesterday's big upside reversal and corporate earnings include disappointing guidance from estee lauderclorox and others. our road map begins with advice for fed chair powell, look for another job. we'll tell you who said that elon musk continues to look for helping in paying for twitter, and shares of el falling we're going to start with the markets on day one of this two-day policy meeting this is what paul tudor jones said about chair powell on squawk about an hour ago. >> what would you be telling jay powell right now >> i would be saying look for another job. i think this is one of the most challenging periods ahead for the federal reserve board in its history. >> went on to say, jim, can't think of a tougher macro environment for stocks and bonds and that inflation is going to be harder to handle down the road. >> look, i think that the idea of looking at the s&p and deciding that maybe it doesn't work is great if you're a billionaire. i'm on cotara, i'm on devon, diamondback, great hejs, oil companies, all very well run, all give me between 7 and 9% yield. if inflation ranges, yo

>> i'm about pricing power, who has pricing power to offset, estee lauder, ulta, lululemon.xury where the margins are there. >> matt, what about online retail etsy is down again another 8%. this stock has been slammed so much even amazon lose ago bulk of its pandemic gains what happens to the stocks, as people have shifted back to in store, and there are questions just how much growth lies ahead. >> well, one of the things we certainly saw over the course of the last year, in 2021 in particular was growth in wrong line sales was matched by growth in stores. it was divided pretty evenly between the online side and the bricks-and-mortar side so certainly the companies that have gotten much more sophisticated about the way they combine those services, how they use the stores to create engagement opportunities, how they use online to drive foot traffic, vice versa. those companies, you know, we have thousands of members, and every big name is a member i would say in serum of those winners and loser, the sophisticated operators that move seamlessly, i think they have an opportuni

finally, estee lauder down 9.6%. big cut to their earnings guidance.ompany blaming headwinds from china and the covid-19 lockdowns there, as well as the war in ukraine. you also have a number of stocks moving on the back of endless downgrades, what of the being catalog -- be in kellogg. piper sandler cutting this company. that stock is down 2%. docusign down for percent after a downgrade over at wedbush. dan ives saying this is one of the areas of the tech space that will have more pain. carvana down the better part of 5% after getting cut at wells fargo to equal weight. this stock down 83% since its peak last august. tom: carvana, come on. help me with this. it operates an online platform? lisa: for cars. very --kailey: for cars. very popular during the pandemic, but a story that has changed dramatically as the world emerges from the height of covid-19. tom: it is a font of free cash flow. let us not forget, kailey leinz, "crypto," is this today? kailey: it is, what a clock p.m. eastern on bloomberg tv. thanks for the plug. jonathan: why do you seem s

jonathan: estee lauder falling in the premarket by quite a bit. they've had to cut their outlook, and they have at your be did it to every thing we have been talking about. store closure, supply chain disruptions in china, higher costs in europe due to russia's invasion in ukraine. you just fold in the dynamics of the moment into the earnings story, and there is a stock that is really struggling. tom: this goes to what you have beat me up about which is to say there's been some high flyers that have done ok. they are down, but there's a lot of people who have been absolutely hammered within this. as mr. buffett once said, the water goes out and you see who's got a swimsuit on. jonathan: destocked down by about 9%. lisa: which is interesting also because how does it fit into the luxury complex. it is a make and facial care goods company. how much does that speak to the narrative where we see luxury producers really be the outliers for so long? is that changing? are people pushing back on some of those discretionary expenditures? jonathan: a $93 mil

out of that basket, we've come out with names and we've spoken about them on the show coca-cola, estee lauderty and those are some of the ideas that we've been sticking with for the year >> nik, do you feel comfortable at these levels, as you said, your team is a little concerned about inflation outlook and we have others concerned about the re recession outlook. what does the scenario analysis imply? >> the sector will always be defensive, right the question for money managers is are there other defensive sectors that might have less earnings risk? >> i think that's the realization that occurred yesterday when we saw those results coming out of walmart and target here's an interesting point. we know the consumer is strong and we see it and hear it, but things are evolving quickly. there is something called revenge -- and use euro science to understand what the consumer behavior will act like and consumers have so much pent-up demand to mgo out and live that they'll spend on experiences for the next several months and when people start looking at how much they paid on the credit card and ther

according to open hierm, which readded estee lauder kristina partsinevelos joins us.estrictions easing. >> given the easing of the covid restrictions and the increase in foundries being built all across the world and the slowdown in consumer electronics, that's supposed to bode well for the chip shortage and maybe ease this chip shortage much sooner than anticipated amd, micron, for example, actually micron turning positive just towards the end of the day today. and you also have the smh etf having its best month since november another note that came out from wedbush saying that their supply checks show apple is doing quite well in china over the weekend and this bodes well for the iphone 14. we also know tesla shanghai manufacturing building added a second shift so we're seeing production ramp up over there, so these bode well for the entire sector. lastly, on the nasdaq, some of the strongest names today are the chinese e-commerce companies like jd.com, like baidu. you can see jd.com up about 5% big question, though, sara, will the chinese consumer be like the u.s.

estee lauder shares slumped and slash their forecast for the year. it's also cut its expectations.cribed it as catastrophic. shery: hong kong economy contracted last quarter for the first time in more than a year as local restrictions to curb covid head activity and the mainland outbreak disrupted trade. sophia joins us now. despite gdp numbers, which are backward looking, we have seen markets continue to hold onto gains a little bit with the hang seng. what are we expecting today? >> the gdp print was far worse than expected. 4% contraction is pretty severe. it does explain the pivot, we had an announcement yesterday from carrie lam that some internal restrictions will be softer than expected. it's a city that realizes when tour is consumer spending -- we are seeing gains in hong kong, the sec investigation may have an impact on sentiment, but it's not a surprise. this company faced a lawsuit from investors that said the company misled them. an investigation into the ipo and preceding is not a surprise, this is a company that is under investigation on the chinese side which is whe

calls on estee lauder, american eagle, zoom and a bunch of names in the e-commerce and online travel space 'rba ia me. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. when it comes to cybersecurity, the biggest threats don't always strike the biggest targets. so help safeguard your small business with comcast business securityedge™ it's advanced security that continuously scans for threats and helps protect every connected device. the choice is clear. get unbeatable business solutions from the most innovative company. so you can be ready for what's next. get started with a great deal on internet and voice for just $49.99 a month for 24 months with a 2 -year price guarantee. call today. >>> unilever is up sharply in the premarket. naming nelson peltz to the board as a non-executive director. his fund management holds a 1.5% stake in unilever. we've mentioned nelson a few

extend yesterday's big upside reversal and corporate earnings include disappointing guidance from estee lauder

as that opening bell bring this morning, estee lauder stock dropped about 5.5% after cutting its fullerns over covid restrictions in china and the impact of the war in ukraine on europe as we take a live look at the markets , they've been pretty quiet up until the last few minutes, and then all three indexes dropped. a bit as you can see a live look at the dow jones down about a quarter of a percent 71 points or so they're the s and p 500 also down right now and the nasdaq slipping about a half of a percent as well. australia's qantas airways has announced it will soon offer nonstop flights from sydney to london. that trip would be about 20 hours, making it the longest regularly scheduled commercial flight. in the world. qantas says it has purchased a new fleet of airbus jets for the flights that are set to begin in late 2025 advertisers appear to be playing a major role in children and teenagers consuming an unhealthy amount of food and beverages. british researchers found ads appearing on tv, radio and social media can dramatically affect a young person's decisions and what to eat a

what is with estÉe lauder?sales and lockdown is sitting that market, they cut their profit forecasts for the full year. that is what you see play out on the screen. stuart: rockwell automation next a lot of factory women. lauren: the bad news is they splashed there for your forecasts but often when companies say demand is not the issue, investors and wall street excuse the problem giving a past but that is not happens now. the stock was hit pretty hard. stuart: it is 10:11 eastern time, we've been on the air for one hour and 11 minutes and about to do our first elon musk siding and headline. he was at the meta-gala and looks good in that talks. . you look so dapper. his mother was a former model named may. stuart: did he say anything about twitter? stuart: lauren: no one asked me. >> the goal, everything comes to fruition, and as probably inclusive as possible. lauren: he said that at the gilded glamour event, he is a man of the people. you don't think a little tone deaf twitter is for everybody, you are facing

pfizer is kicking off earnings this morning along with marathon petroleum, molson coors, estee lauder, reporting quarterly results this morning. after the bedroom we hear from starbucks, airbnb and lyft. how would assess the earnings period? the more important question would be what are you hearing out of guidance? what are ceos and management heads thinking the year will look like, 2022. >> there's a great he degree of uncertainty. we saw that in apple's report. that's a poster child of the guidance or visibility. apple is basically saying we have supply p chain disruptions in the quarter, probably lead into the quarter we're in right now. we hope the bottleneck evaporates or slows down for the second half of the year so i think apple is one of those companies, again, that's heavy waited in all the different -- heavy weighted in all the different indexes. you look at what they're saying. you know, what if we can get through the digestion of the bottleneck, we have demand on the other side. there is optimism around strong demand. i think that's really important until we get the supply