up nearly 10% so far up next a rare and exclusive interview with ceo john donahoe. read on the chinese consumer, and nike in the metaverse. we're looking at 200 points on the dow. ) lions? nope. (lion rumbles) we do it with our people. the first time you connected your website and your store was also the first time you realized... we can do anything. cheesecake cookies? [together] the chookie! manage all your sales from one place with a partner that always puts you first. godaddy. tools and support for every small business first. >>> nike shares making a comeback after a rough year up more than 50% down from 52-week lows i spoke this afternoon with ceo john donahoe about today's inflation numbers asking where he sees it going here in the u.s. >> you know a lot of people who are prognosticating on the macro economic outlook reality is i have no crystal ball more than anyone else, but i can tell you what we're seeing and then how we're thinking about it. >> sure. >> the simple fact of the matter is we're seeing continued strong consumer demand for our products and our

john donahoe, and th cofounder of stop api hate, cynthia c. thank you so much for joining us. >> good to be with you. >> thank you. kristen: after each mass shooting, we always ask, why did it happen, and what needs to change? but it seems we keep going around in circles. professor donahue, you've done a lot of research on gun violence and public policy, what do you think is the question we need to be asking? >> well, of course, there is much to be done, california has a strong laws, but the supreme court has been weighing in in ways that are trying to reduce the potency of those laws. many of the gun safety regulations that are currently in place in the u.s. are being challenged in the federal courts right now, after the june u.s. supreme court decision expanding the second amendment. so, in some ways, things are bad, but they could get a lot worse, if these challenges to things like the assault weapons ban in california and the on high-capacity magazines are thrown out, as the gun lobby is trying to do throughout the country. much to be done

. >>> and don't miss an exclusive interview with ceo of nike john donahoe coming up in a few minutesosing bell," just after our program. >>> shares of anheuser busch dropping earlier today ub f downgrading to sell, pour it away. lowering price target a few dollars. ubs citing weakness in china and overall lack of positive catalysts. ubs expects consumers would trade down to the value segment busch beer, which could offset weakness else where and heard younger people drinking spirits and wine, not beer. >>> always a next big thing. this is big earnings under the microscope, next. >> announcer: catch the market zone today and every day on "closing bell." you can stay on top of the market from wherever you are. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities. while an earnings tool helps you plan your trades and stay on top of the market. ♪ ♪ a cyber-attack can grind everything to a halt. cisco security keeps your company moving forward. because if it's connected, it's protected. cisco. >>> earnings out in the

by the way, sara had an excellent interview with john d donahoe from nike.h, anchor to anchor, i talk to her about how things went. but i will say this. wells fargo is the hardest to understand because it has the most regulatory problems >> that's a good point overall, we got the market down about 0.8% that would be the s&p, the nasdaq, not far behind that, jim. to your point, sort of across the board, most things are down. it's interesting, we talked about tesla, of course, and yet it's gm and ford that are down even more, not to mention rivian and lucid. the whole group is down on, i guess, the idea that you cut price, maybe i got to cut price? >> i think that there's competition. competition is negative. i also think that we're not getting from the banks that there will be no recession i happen to think that the autos are very -- that ford and gm are very underpriced but gm was up huge yesterday we had to deal with the fact that some of these stocks were up so gigantically that people just say, tell me something i don't know >> it's still up 8.5% for the