all trends that estee lauder took longer to embrace.travel. they were hurt so badly in china during the pandemic i never came back. nike, procter & gamble, burberry and some others, they had a double whammy. people are not buying fancy makeup in airports like they used to. it has not come back. the stocks tell a full story. if you go back to the beginning of 2022, they were worth $270. e.l.f. has grown over the same period . i think estee lauder got caught in the same consumer package that is affecting the entire industry. they want high prices to protect margins. after the intervention of a less expensive brand called the ordinary. they have a less -- it was a hefty loss. it was brutal. how bad? a piece today titled, i know it was you. you broke my heart. that is the perfect godfather reference. the process with many highly qualified candidates. he remained the ceo. a well functioning board should not need 10 months to make a decision. the board is anything but well- functioning. if anything, i think he is putting it lightly. we got st

shares estee lauder swinging to a gain of 0.3%.behind its namesake brand, clinique, mac, bumble, all these brands report quarterly results that appear to have topped estimates gut gave a full-year forecast that fell shy of expectations and announced ceo fabrizio freda would be retiring and the board searching for a replacement. down after earnings and that announcement of the ceo stepping down. it will swing into a gain up 0.3%. >> quite date for that company. dom, thank you. >>> after the break goldman sachs cutting its recession odds saying recent data shows no signs of a slowdown. the man behind that call, chief economist jan hatzius joins us next. don't ay.gowa it will take billions of solar panels to power the world today. aes is making scale like that closer to a reality. introducing maximo, our new ai-enabled solar robot, designed and built in america. with max on the team, aes is transforming how solar farms are constructed. what was once strenuous is now faster. safer. smarter. at aes, we designed max with powerful feature

if you look at the performance of estee lauder over the last couple of year, all it does is continuechina has been, what it really did today was truly surprise on the beat but a lot of that was an sg and a ratio and essentially favorable tax treatment from restructuring. once the market sifted through that, stock meandered a little bit. in some sense we've been waiting for that reset. i think the transition in the ceo's chair is still something the market wants to see. i think if you look at the prospects for the company in terms of where we really have reset expectations both in terms of china and in terms of, i think, their business, the organic sales growth of 7% was okay. wasn't fantastic but this is a company that's growing and i think that's where you start to get to a place where, look, at this point it's down 36% year to date. i think the two-year on it is closer to probably 60. this is -- i would argue -- a world class brand and something i think is an interesting place to own it. >> a lot of world class brands. ones i think many people know. what's the thought on estee laud

and estee lauder and moderna. back and forth with the graphics there. you are seeing u.p.s. lauder and moderna. >>> vice president kamala harris' campaign will spend $370 million on tv and online ads in key battleground states between labor day and election day. they kickoff the democratic national convention in chicago today. we have megan cassella joining us live from chicago. megan, what are you expecting? >> reporter: good morning, contessa. it will be a big week in chicago. tens of thousands of officials and delegates are waking up to kickoff the party 's convention later today. all of the action will take place in the arena behind me, the united center, which is home to the bulls and blackhawks, but tonight is home to the speech of president biden. we have two former presidents, obama and clinton, and former secretary of state, hillary clinton and governor tim walz and harris speaking this week. democrats are treating this as a celebration and introduction to the new ticket. there are questions over the policy agenda. overnight, the party did release the 92-page platfo

estee lauder also announced its longtime ceo is retiring.mes, including mac, two faced and clinique. as that opening bell rang this morning, new reports that general motors is laying off 1000 salaried employees in its software and services division, so we'll keep an eye on. for more information on that. right now, taking you live to the new york stock exchange, despite some of that disappointing news. numbers are up across the board. all three indexes. there's a live look at the dow jones up almost a half of a percent, 178 points there. the s&p 500 up about a quarter of a percent. a little bit less than that for the nasdaq, but still a little bit of a gain. the computer chip wars are heating up. amd reports it's acquiring server maker zt systems in a $5 billion deal. the acquisition will help amd accelerate its ai business and better compete with nvidia, amd and nvidia are both based in santa clara. canada's railroad network may come to a grinding halt this week due to strikes. the labor dispute between canadian railroads and the teamsters c

. >>> coming up on "worldwide auchange," one bank seeings bety of shares of estee lauder.ooking at the call in just a moment. stay with us. the enemy is always adapting... deepfake: hey handsome. ♪♪ [inner monologue] ...always iterating. ♪♪ >>> welcome back to "worldwide exchange." time for the morning call sheet. bank of america out with the double upgrade from unilever. the separation of the ice cream unit is better for growth and valuation. >>> wells fargo raising the price target on sentinel one. it is gaining share at the expense of crowdstrike. >>> and piper sandler moving estee lauder to buy. they see a lot of positives ahead for the beauty company. >>> coming up on "worldwide exchange," the one word every inve investor needs to know today and the hidden proposainl the harris tax plan. stay with us. energy fuels, a leading american uranium producer, is ramping up production to supply expanding nuclear markets and diversifying into rare earth elements, key ingredients in many clean energy and defense technologies. energy fuels. this is clem. clem's not a morning pers

this it has been a terrible year for estee lauder. they sell expensive makeup.uiding lower. they say their sales will drop one and 2% in the fiscal year just started but analysts previously expected sales to rise. new blood coming in next year, with the new ceo, and still the stock is down more than 1%. usually news like that, a change at the top makes a stock go up because something fresh is coming. stuart: sure but not this time. general motors recalls think they announced some layoffs, right? the stock is up attraction. >> 1000 workers worldwide. about 600 jobs reportedly from the detroit area. the rest from elsewhere. this would be in the services twigs and in their software division. it was back in may gm brought two executives from apple. cars these days are more like computers on wheels. the services is sometimes a minor upgrade that's done over the air. so they can cut back on the employees that work at the services center if they can do more upgrades remotely. stuart: i'm sure they love that. we've been following sweetgreen, the salad people. there were

>> if you look at the chart, sorry folks at estee lauder. a straight line below $95 a share. a little bit of dividend at 2.7% , but i think it's too high still and it could go lower. watching those earnings on monday if i can watch and by all to beauty i'm looking at all to beauty is that of this company at 24 times earnings i just don't get any compelling story here. if you look, when you see chipotle falling when you see starbucks rising 20% the day up and chipotle drops 10%, the trading in me says sell the starbucks and buy chipotle. i want to sell what's tearing up and chipotle is a good company. that's the way you have to think about this. >> final question and i ask because we are friends. shorts or long pants? >> shorts and flip-flops tyler. below the camera. i'm trying to make hanks proud. i don't have my cheerios. it is hot in here. >> it is getting hot in here. michael, thanks. >> now let's get over for a cnbc update. >> former preisdent trump announcing members of his transition team today should he return to the oval office. the

especially estee lauder. let's go health care. one of the declines came, favorite but making blood sugar monitors for people with diabetes. the stock fell in one of the most brutally missed quarters. coming from it, going all of the way, step by step, $77 last night and then bam, releasing a 3-year study on the drug and we learn today can prevent 94% of at risk patients from developing type 2 diabetes. i don't want to take anything away from their achievement but the results were in line with every other window that the drugs have been measured against. there time, though, bexcom they went down 6%. today we cared about it. finally, one other thing, we had the wrong stocks go higher. a brood market, today, narrow. the stapes, proctor and gamble, they were on fire. now, some of it is because the dollar is weaker and these sell a great deal overseas, that is not the case for clorox. not good news for the fed and meant for a slow down, a bad slow down. the good news is, they are all subtle. no head bashing here, we are not having one

estee lauder reporting. continuing consumer reads with lowe's on tuesday.ay, we will get the fomc minutes and target earnings. that is before the acceptance from kamala harris at the democratic national convention. we will get existing home sales. jackson hole. we will be able to bring you all of those and more. this has been "real yield" on bloomberg. ♪ ading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management with so much entertainment out there wouldn't it be great... ...if you could find what you want, all in one place? show me paris. xfinity internet customers can enjoy the ultimate entertainment experience and save on some of the biggest names in streaming, all for just $15 a month. get the fastest connection to paris with xfinity. clogged gutters can cause big problems fast. until now. call 833-leaffilter today for your free gutter inspection. i've had terrible flooding problems on my porch. now i understand why. right now leaffilter is offering a free inspection, on your schedule. leaffilt

we've got a change at the top at estee lauder.glomerate announced the ceo will retire at the end of fiscal 2025. freida led the company for 15 years and no successor has been named. he might be getting out just in time. the maker of mac cosmetics also reported, you'll see disappointing guidance for 2025. the stock initially dropped to a low of $92 down about 32%. right now, it is down about a quarter of, i'm sorry not 32% but it was down much more significantly. right now it's down about a quarter or just $0.15 but it has managed to pop back into the green during this session here and there. yeah, it is down 35% year-to-date. piper sandler cutting away at food chain stocks, downgrading dutch bros, sweet green and shake shack to neutral from overweight so here is the deal. the firm sites softening traffic to fast casual restaurants amidst a worsening industry backdrop, all three are down but sweet green and shake shack had big moves to the upside. over the past six months sweet green is up about 200%. we've got a slurpee announceme

for example, foreign direct investment down almost 30% year on year, kind of brings us to estee lauderhich gets downgraded today over at b of a, in large part because they think their chinese thesis was wrong. >> exactly, that the comeback of that business is not taking hold. you keep expecting the turn. hasn't happened. and of course, estee lauder, in this huge drop over the past, i don't know, year and a half or so, has been a real recognition moment for just exactly how dependent el was on those businesses and if it is kind of a similar equation as investors look at this stock to what we're seeing with nike and starbucks, which is, always had a premium multiple, always these great, durable brands, and they've fallen on some kind of hard time, a lot of chinese dependency in there. that was part of the growth story that has faltered in all of those cases. we saw what happened with starbucks. brian niccol goes there, the stock pops. nike, similar thing. i don't think the fix is going to be the same, but it is interesting. relative to the market, estee lauder, nike, starbucks, have basi

stuart: estÉe lauder cosmetic people. lauren: down big yesterday, down 5% right now.etting a new ceo, stocks lost a third of the value this year, chinese customer particularly under pressure and i counted nine cutting their price targets this morning. stuart: that down sharply. thanks. the port of los angeles has a power problem. the of seen a dozen outages in 2024. max gordon is there. how will they fix the problem? >> reporter: the reasons varied from birds flying into powerlines, fluctuations and voltage, brief outage can bring one of these planes to a screeching halt and the fix will likely take a big investment in infrastructure. likely these outages have been isolated, affecting one or 2 pieces of equipped at a time but a brief power surge has the ability to knock areas off-line for hours. the region los angeles and long beach attempting to get a 0 emissions by 2030, they are right next to each other and using equipment that relies on electricity, cranes, and electric tractors. the port of los angeles, and from california edison. experts say they outages haven't

beauty up nine, which makes me question estee lauder, by the way, but the process and the changes and the strategy and vision has been spot on, it just took a long time to execute. operating margins up 6.4%, expectations were 5.5, so really remarkable productivity, costs and execution. so, yeah, i was nervous. i'm happy. we're going to talk about snowflake on that in a bit, too, but this is all about being long term and looking for opportunities. >> so, brian, can we -- let's say friday's job report started this whole market upset a few weeks ago. can we take intense fears from the consumer off the table? now you get walmart, now you get target, you get tjx, some other in the mix as well. do we still need to leave it on the li of worries, or can we remove it? >> mostly we can remove it. number one, you never want to bet against the u.s. consumer. stephanie put it best with target. we sold the stock in the fourth quarter of 2021. operationally they were starting to roll over. i think the key thing is the operators versus the non-operators. we put all of our target into costco and other

. >> you do mention estee lauder. those shares -- do you have that? >> no. >> you got rid of that?ou blew it out of the club? which is it? >> no. the club -- no. no. >> i know you don't talk about it. >> no. we ended up buying beyonce's whiskey, another failed brand. >> not talking about it doesn't mean it goes away. just letting you know. >> picking at a scab, it's not there. >> i am, i am. >> why don't you go back to where you were, wherever the hell that was. we had -- he was in the land of walmart, target, and where else? >> container store. i went to a burlington coat factory just for you. >> they dropped coat factory. it's just burlington, like the railroad. >> i went in there, like, let me check this place out, and i left pretty quickly. i was in a walgreens. there was a lot -- i went to a loc lot. i checked out a lot of retail in america. >> you checked out walgreens, what was that like? >> it was fine. >> you been in a rite aid recently? i said, do you have any merchandise? the truck hasn't come yet. >> walmart was absolutely packed. >> it should be. look at the prices. no

estee lauder was a great company, but it's trapped in a category that went down. it went down.ig perfume category, the make-up category. >> you don't blame management? it's not an execution issue? it's just that they've been in the wrong neighborhood? >> i'm not exempting -- they did a terrible job, by their own admission. terrible. and there's -- fabrizio is old enough to retire without any sort of explanation, but i have to tell you, when you look at that chart, that reminds me of -- if you look at jackson hole in the background, they got the grand teton. there it is right there. >> can we get to another name you know a lot about, which is snowflake? i'm looking at the stock. it's going to be down. i know you had the new ceo on "mad" last night and i like to look at the difference between nongap and gap. all these companies report adjusted earnings, nongap. they don't include, essentially, the cost of stock-based comp, and that's the case here. >> they have buyback. >> they have to have a buyback to have their done -- >> they flood the zone. >> exactly. the potential here is

the s&p 500 winners starbucks, super microcomputer, nvidia up 5% today, nike is up 5% and estee laudernasdaq winners starbucks, whoa! 21% with a new ceo and that's good enough for 21% gain. tesla is up 3%, z-scaler, warner brothers, marvel technology, all up in strong percentage terms. coming up, elon musk conducted a wide ranging interview with donald trump on the x platform. mostly softball questions from musk. we'll see if media guy brent bozell thinks this did good for trump. lawmakers want to ground chinese-made drones over national security fears but police officers say don't do that. we need them. the full story, next. meet the jennifers. each planning their future through the chase mobile app. hellooo new apartment. one bank for now. for later. for life. chase. make more of what's yours. choose advil liqui-gels for faster, stronger and longer-lasting relief than tylenol rapid release gels. because advil targets pain at the source of inflammation. so for faster pain relief, advil the pain away. municipal bonds don't usually get the media coverage the stock market does. in fact,

. >>> coming up on this show estee lauder is shares on disappoint pointing guidance and its ceo willnd of the year and the board is in the process of naming a successor. we'll get a check on the day's biggest movers coming up next. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire we really don't want people to think of feeding food like ours is spoiling their dogs. good, real food is simple. it looks like food, it smells like food, it's what dogs are supposed to be eating. no living being should ever eat processed food for every single meal of their life. it's amazing to me how many people write in about their dogs

stuart: can you show me estee lauder, please? they're down, not that much.em many china? >> they do. bank of america downgrading them because of big weakness in china. we've been hearing these rumblings about a china consumer that's starting to pull back. bank of america also highlighting a u.s. consumer a little bit under pressure as well, so overall just the demand environment that's concerning. stuart: okay. we've heard a lot about the covid-flu combination if vaccine. i believe pfizer and bone tech have such a thing -- biontech have such a thing. is that true? >> they do. all in one shot. get excited, i know. they said they passed one of two objectives in a phase three trial, one was making sure there was a robust immune response to covid. they got that. but they failed the other one because they also wanted to show a robust immune response to flu a and flu b. they only got it with a, they missed it on b, so they're going back to the drawing board. stuart wait million we get an outbreak of monkeypox. >> it's now called america-pox. -- m-pox. stuart: the

liz: were getting cold water thrown on consumer names, estÉe lauder is on a seven-year low you can putthese other ones lululemon is hitting at least a one-year low these are problematic. across the board. >> without a doubt the soft landing has hardened up a lot in the last couple of days really because of the jobs report the uptick in unemployment and greater than expected decrease in wages and the disappointing job numbers. to me maybe i have this all wrong but at one point it does not make a trend and this is overall a consumer doing reasonably well, that messiness and some of the consumer driven names i think it's overdone the rotation out of a.i. that could be a little bit or durable over the long-term. liz: if you're buying what are you buying today. >> the top of the list when you said the guys doing the best today a bunch of those are dividend aristocrats mobile the s&p 500 aristocrats they are holding up 1% in the eight or 9% downdraft in the s&p 500. if you're looking for companies that are going to show up with fundamentals why not look at the ones that are telling you that

number two percentage gainer in the market was estee lauder.own 3% for the year. 43% for the last year. intel down 59%. can you imagine if intel is taken over by someone? it could happen. nike down 28% this year. it is interesting people looking to buy, there is a lot of stuff you can chase and a lot of real familiar names maybe could be a buy down here. of course there is asset allocation, right? almost everyone that comes on the show has been saying investors, particularly retail investors have far too much money in equities. here is the u.s. equity etfs. not even close. u.s. equity etfs. bonds coming own a little bit, commodities they have fallen completely off the table. talk with mosaic chief market strategist phil blancato. phil, before we get into the asset allocation stuff, just your thoughts, i want to get your thoughts overall on the fed. rate cuts. after this morning, coming into this morning there was like majority of folks thought 50 basis point cut. now we're down to 33. where are you right now with respect to how the fed goes fro

listen i was previously a director of global creative operations at estee lauder i was comfortable therel these like but i had a plan b. so what's really stopping me and turns out it was just like not wanting to fail and especially not wanting to fail publicly and now wanting to let myself down. and so i just like wasn't allowing myself to dream. so i was like, you know, what, i'm going to allow myself to like have this childhood dream and see it to fruition. >> incredible story. well, if you see it's never too late to trading your gig to become an olympian house. you're popping and locking wolf, come on, tell me you got something for him. get that gold-medal baby these athletes are amazing. i love them all like coy. thank you very much. coy. wire in paris reporting for us. and to our viewers. thanks very much for joining me for this special edition of the cnn newsroom. i'm wolf blitzer in tel aviv i'll be back later tonight. a two-hour sexual situation, room, five to 7:00 p.m. eastern. stay with us inside politics with phil mattingly starts right after a short break if you have graves d

caught up with her ahead of the games i was previously a director of global creative operations at estee lauder i was comfortable. there were all of these, but i had a plan b. so what's really stopping me and turns out it was just like not wanting to fail and especially not wanting to fail publicly and now wanting to let myself down. and so i just like wasn't allowing myself to dream. so i was like, you know what, i'm going to allow myself to like have this childhood dream and see it to fruition see sarah kate, there's a chance for all of us to become a live. now, we know jake's doggy paddle there is nosh we saw you both yesterday. how's your house house? >> you're popping and locking. they'll give the payment. come on i get a little i can do know, bought come on. >> this time ago rounding crown a bear said, oh, no. >> you guys, i really can dance though. this is i needed america to know so whoever is still with us, you confirm rhythm and been burst keep it breaking, not break something some pop in a lock-in from you coy wire as we go out for you, great dance, coy of course, he can get only as

with her ahead of these games listen i was previously a director of global creative operations at estee lauder. >> i was comfortable. there were all these but i had a plan b. >> so what's really stopping me and turns out it was just like not wanting to fail and especially not wanting to fail publicly. and now wanting to let myself down. and so i just like wasn't allowing myself to dream. so i was like, you know what, i'm going to allow myself to like have this childhood dream and see it to fruition. >> i mean, does she not give all of us hope i'm really rethinking things like no, it's too embarrassing. >> i'm not even going to try yeah. i've only been in paris 20 for us, but i think i saw one of the game's all why was that the usa, serbia basketball game last night. my goodness. >> like it was electric. i mean, i know that's a well-used term, but that final quarter where you say just came alive, was honestly one of the best things i've ever seen it down double-digits their way down double digits it's and they just turned it on not even the last quarter, the last three minutes. they just turned

and hair and makeup product company estee lauder shares down following fiscal year results.ormens in china. hear that a lot. the company's long-time ceo is retiring. and the japanese owner of 7-eleven received a preliminary takeover offer from a canadian operator. circle k convenience store. the proposal. not exactly clear. biggest to ever face a foreign buyout. >> makes sense, too. >> absolutely. under 90 minutes to go before the opening bell on wall street. contessa brewers joins us. >> personal computers in focus. morgan stanley downgrading hp2 to equal weight leaving the price target unchanged at $37 saying all upside are predicted last year are bakeded into the share price and sees slightly weaker than expected demand in restocking personal computers and back-to-school sales. though morgan stanley remains bull number general or pcs. sharing moving in the extending trading down 2%. burlington stores, upgrade from h h haskett. reporting end of the month, reports from macy's, nordstrom, tjx and roth. haskett reports winning with consumer looking for value. seeing burlingto

estee lauder forecasted annual growth missed expectations.day close, shares have fallen 35% year-to-date. jonathan: thank you very much. one further top story, happy birthday to our good friend mohamed el-erian. you can check that out i promise we stopped counting at 50. till i catch up. lisa: happy birthday. what national event will he be out? taylor's, what's the next sort of -- jonathan: sort of like a 12 month celebration. thank you for being you. we appreciate it. the morning calls plus white house senior advisor as israel and hamas truce talks stall once again. that's next, you're watching bloomberg surveillance. ♪ jonathan: live from new york city, welcome to the program. down -- your scores look like this on the s&p 500. equity futures positive by 1/10 of 1% looking to build on a seven-day winning streak on the s&p. piper sandler downgrading shake shack to neutral. the firm tempering its view on fast casual dining adding risk reward for the burger chain has become more balanced. that stock is down. downgrading hp to equal weight. keep

estée lauder brands include a lot of familiar names mac, two faced and clinique, just to name a few. laying off thousands of salaried and software employees. so we'll get you those numbers and business news coming up in just a little bit. right now it does look like a pretty good opening across the board. thank you for waking up with us here on mornings on two. i'm pam cook. >> i'm andre senior in for dave clark this morning. it is monday august 19th. thank you for joining us. look at that cloudy skies out there san francisco fog is in the air there. let's turn things over to steve paulson. always here to brighten our day this morning at 630. >> thank you andre. appreciate that. we do have some fog out there. not a lot. just a little bit after the cool down on the weekend. for those of you listening, not watching there you can see it and take a look. okay it won't last too long. so temperatures on the cool side though 40s 50s on the temps here. palo alto is right at 50. we will see though. more sunshine today as the high in the southwest builds back in for two days. so a little warme

or estee lauder. their all bad. that category is bad. it's got a lot of china exposure.his is one. you're buying ulta because of buffett here. what happens on monday? you buy it again? think about it. people are buying this up, and there's nothing to sustain it. >> no. >> i mean, nike, i don't know whether he's in or out. >> we can talk about nike later. i want to come back to the consumer, because you know, when walmart says, we're not seeing any sign of a weaker consumer, none, i mean, they make it very clear. "we aren't experiencing a weaker consumer overall." then they go on to talk about the four things that their customer wants, which is value, broad assortment, convenience -- they want enjoyment buying them. >> i told you. >> i know you did. you told me, me, and they said that's a constant. but it is interesting. and -- >> zin the past it was about socks. >> these are the broader takeaways for what is still, i mean, with amazon, the most important retailer in the country. >> well, don't forget costco, because they all rolled back prices. >> i won't forget costco,

. >>> shares of estee lauder falling.upgrade from march. bofa, sluggish growth in it china reason for the down grade. and look at nike. shares of the athletic footwear and apparel giant and dow component rising 0.75%. stock grows over 5% you may recall thursday after big ackman's pershing square revealed a new stake in the company. worth $220 million end of june. keep an eye on nike. analysts in play today. big analyst calls of the day head to cnbc.com/pro. full access to all analysis there. andrew, back to you. supposed to toss it back to you. >> thank you, sir. have a great weekend. >>> i want to talk more about the markets this morning and welcome our guest, cio and senior portfolio manager at an investment group. good morning. >> good morning. >> what do you make of this wild ride? a week and a half, now two weeks of crazy? almost like it didn't happen. forget it happened? >> maybe not, though, because actually since the july 10 data point the nasdaq still underperforming. russell 2000 valued by 1,000 basis points. ti

wondering because starbucks is one that sort of a lot of industries, you know, whether it be nike or estee lauderhis, a multinatural company running up against china and had dominant market share. a more amorphous problem to tackle. do you think the expectation to succeed is maybe too high at this point? >> yeah. i'm sure the expectations are too high, because this company has lots and lots of problems, as we know. including labor issues. the depersonalization of the brand. the move away from the kind of folksy-starbucks we knew way back when. how you re-invent yourself is a totally different question than how you fix technology or get rid of food-borne illnesses. he needs to come up with a strategy that will take starbucks to a new place it hasn't been for quite a while. a tall order for him. >> do you see similarities out there as retail analysts, we had one on earlier, sees in terms of some of the issues that larger multi-national companies are now facing? sort of a common thread? looking at this from a, you know, a case perspective in terms of what is going on with these storied brands that h

ubs lowering its price target on estee lauder, maintaining a neutral rating.recovery is taking longer than hoped for, even with strong fourth-quarter results. that stock is higher by about .3%. a possible harris administration would likely recruit cabinet members from d.c.'s rank-and-file. former alabama senator doug jones is on the shortlist for attorney general. doug jones joins us now for more. senator, wonderful to have you on the program. we are looking forward to the rest of this week with the d&c in chicago taking center stage. what would you like the focus to be this week for your party? doug: i think we are continuing to focus on the future and not going backwards. we are going to focus on those things democrats have accomplished in almost four years now. jobs. the economy. things moving forward. getting inflation under control. bringing in nato strong, and our alliances together, to fend off putin and russia, and to strengthen democracies around the world. we are going to continue to look forward. what we are going to also do is be joyous and unified

i per sale or upgrading estee lauder to overweight.s to play out further. citi downgrading tjx to neutral. the analysts saying they are valuing the retailer more appropriately. kelsey advisory group downgrading urban outfitters to over perform. saying urban's turnaround plan needs more time. that stock is getting hammered, down more than 13%. there are some of the single movers. equity market just about positive on the s&p. main events later. we hear from chariman powell tomorrow morning in wyoming. at the dnc in chicago, a keynote address from vice president kamala harris. at the dnc is annmarie. good morning. annmarie: ahead of that keynote address where we know the economy has been the top issue of the election i am joined by the senior senator from oregon, senator ron wyden. thank you so much for joining me. your colleague senator mark warner called -- called next year tax armageddon. where you see room for compromise in 2025? sen. wyden: we showed in 2024 we wanted a bipartisan approach. i put together a bill that had a child tax