the last year, but you have a couple of consumer products company in there as well, pay less and gymboree area that is a smaller part of the market. craig, when you look ahead, do you worry about what we're going to see in terms of default rates and does that change how you look at things. you hear people talking about how worried they are right now, are you anticipating a spike? greg: we are not. -- craig: we aren't. a gets back to the story about -- the markets have room to run, yet. i think as long as we continue to see this slow and steady growth, you will not see the cup in default or bankruptcies. high-yield equity markets are going to be some order, but it will just into new to drive spreads a little bit tighter. scarlet: talk about the influence we have seen this summer, how has the amount of new money being put to work being changed over the past few months? brian: i think you continue to see investors want to get into the market. i think we are seeing for the first time in the retail investors days, starting to's we investors -- starting to see investors of out of cash, not just

there's two dozen companies that have gone bankrupt including limit limited, gymboree chlts, but hope springs eternal. investors has been cheered by hope. we've seen this movie before. remember investors were hopingr retailers who reported earlier. they braought up the prices goig into earnings season off. for "nightly business report", i'm bob pisani at the new york stock exchange. >> weak coffee sales hurt results at smuckers and that's where we begin tonight's market jiffy peanut butter sate it negatively impacted deman and contributed to the lower than expected revenue. earnin missed the mark. shares fell more than 9%. hormel slashed its forecast for 2017 saying higher raw materials cost would eat into profits. the meat producer reported disappointing earnings and revenue as lower sales result. hormel shares were off 5% to $32.09. beacon roofing supply is buying crh's distribution business for more tha billion. it will allow it to enter more markets and help growth in key product categories. shares to 43.54. crh shares rose more than 3% to 35.56. and after the bell ulta reported p

last year, but you have a couple of consumer products companies in there as well like palis and gymboree an area of focusing concern, but a much smaller part of the market. michael: when you look ahead to 2018, do you worry about what we are going to see in terms of default rates? does that change the way you look at things? we started the show with people worried about things are now. are you anticipating any type of spike? craig: we aren't. it goes back to the current model environment. it goes back to the story about the markets have room to run yet. i think as long as we continue to see this slow and steady growth coming not see the big pickup in the fault or bankruptcies. high-yield equity markets are going to be supportive, but it's going to continue in our view to drive spreads a little bit higher. scarlet: talk about the influence we have seen the summer. how has the amount of new money being put to work changed over the past two or three months? brian: i just think you continue to see investors once you get into the market. we are starting for the first time in a long time, at l

the last year, but you have a couple of consumer products company in there as well, pay less and gymboreeael: craig, when you look ahead, do you worry about what we're going to see in terms of default rates and does that change how you look at things. you hear people talking about how worried they are right now, are you anticipating a spike? greg: we are not. -- craig: we aren't. a gets back to the story about this market -- the markets have room to run, yet. i think as long as we continue to see this slow and steady growth, you will not see the cup in default or bankruptcies. high-yield equity markets are going to be some order, but it will just into new to drive spreads a little bit tighter. scarlet: talk about the influence we have seen this summer, how has the amount of new money being put to work being changed over the past few months? brian: i think you continue to see investors want to get into the market. i think we are seeing for the first time in the retail investors days, starting to's we investors -- starting to see investors of out of cash, not just in the fixed income market

this is the coolest gymboree i've ever been to, what time is your mom picking you up? be an oligarch you need to have balance and to for the balance, i mean oligarch balance you need balls. >> stephen: those i have, my friend. you are just making this up right? this is cool, it looks like dr. seuss' sex dungeon. you'll get it. i noticed the floor in this tescao training room is not even, why is that? >> you are oligarch now you are comfortable in any situation. >> stephen: oh, i see. i got to relax and just say this is how it is, and it doesn't bother me that it looks like the architect was smoking weed. come on you have to give me something. >> great. >> stephen: tescao! ( cheers and applause ) have you ever trained in the full colbert? what you do is you on your back and relax your arms and legs and see how long you can hold it. but you have to breathe, though. you have get breathing i could i thought i'd seen everything. but then the giant russian oligarch ordered me underground. okay, and what is down there before i go down there? >> you are oligarch you are not af

. >> they're saying we have to have short-term leases in the mall and they talk about how gymboree broughtt of business just a fantastic disposition on the problem with the mall. amazon, netflix. >> i loved the conference call it was so good i loved it they're teaming one google it's incredible. we didn't even talk about the memo i'm furious about the memo still. i know that doesn't make any money. >> front page of the new york times think. >> stress in women anybody that ran a tragd deding -- desk knows that women can handle it better than guys. >> >> i read heart of darkness. >> that's the one they always tell you to read. >> you have to read victory. >> victory >> yeah. >> i need you to put together a reading list for me. secret agent. >> i did read that actually. >> secret agent is fabulous. >> financials are getting hurt i assume this is going to weigh on yields. expectations for rate hikes going into year end, right >> great american interview, wilfred frost and jamie dimon. >> selling the bank stocks to me, i'm not getting that yes we get a great job number i just don't think you ne

sheet suppliers are doing better individual mall stores, children's place doing fabulously because gymboree is failing. this morning, they say it's time to buy foot locker because amazon is not eviscerating them. >> that's the final -- >> it got crushed. >> that's the final point. >> but you have to do some work during the break >> because i have time >> everyone has written off the nordstrom deal >> oh, yeah. >> you've written it off, too? >> no. you know, the special committee is still waitinging. they got their special committee right away -- >> how special is it >> very special. double special they got them together right away they have their advisers and they're just sitting and waiting. waiting for what the other shoe to drop in the shoe department? there's like a million shoes in that shoe department >> i am watching from the nordstrom family who needs obviously some help, from pe to help fund that and it's nowhere to be seen as of yet >> if i were in the nordstrom family, i'd be cashing out but what's really interesting is what you said about the mall operators. property stock has b

. >> maybe gymboree or carter's.m's kids clothing. >> you have more expertise than me but i get it. >> y you are too adorable. >> we love it. go to our facebook page fox5 d.c. and send it on in. >>> all right. that's perfect hat to be wearing today. want to protect yourself in the sunlight. 74 out there. nice and bright and beautiful this morning although a little on the warm side. typical washington summer weather expected today. highs about 90 with some haze and some humidity and then we'll look for afternoon thunderstorm developing although we have nothing at this hour. nice and quite early. again, we'll see some of the clouds build around here and billow as we get into the afternoon hours. and then look for some late day showers and storms we could do it again tomorrow. zip trip leesburg. will not be raining tomorrow morning for our zip trip so come out and see us. >> excellent. >> what? >> at the village and then the weekend featuring cooler temperatures. mid 80s. but the best part less humidity. any time we get