back to kate rogers and more details. >> steve schwartzman the co-found ore it have blackstone groupto to $787 million last year. this is close according to numbers we -- paid out in dividends from partnership units. fueled a lot of the payout 125.5 million was in total compensation bring ugh to 786.5 million total take home from blackstone for 2017 for suarezman. 2015 mud in 811 million or so for reuters. -- for last year up about 24%. back you do. >> can't trade that one. i was thinking same thing. >> as we often talk about is to bes amongst us guy wuss taas talking about -- >> power pitch. >> but the story on blackstone this is an environment seeing a lot of exits in terms of the private equity compression on fees but these guys are in the right places at the right time it is still a great environment for them. >> let's switch gears. american outdoor brands. formally smith and wesson. >> we're talking about american outdoor brands no at very big company obviously because the gun debate, the gun discussion has been very much in focus as well. american outdoor brands. forget about e

kate rogers. >> that's thanks to a loss on revenues for the quarter overstock announcing an s.e.c. investigation into recent moves it made into bitcoin and bloching they announced a joint venture based on blockchain technology back in december that was a for profit venture. the company said its blockchain enterprises are progressing nicely in september the company announced plans to launch t zero in a 10k they said in february the division of enforcement of the t zero and overstock is investigating them also asked for information from the dt ventures. including documents. they say it could result in a delay in the offering and may have an material negative impact on the overall brand they are ongoing on a sale of its e-commerce assets. the stock is down 10%. >> guy guy. >> it's never been a earnings story. overstock was a failing company. stock was trading in the 20s they announced the t zero and the crypto thing crypto went crazy and the stock went north of 80 dh. if people believe t zero is the next coming -- >> what is that? >> it's their token. >> crypto. >> if that's the case

. >> joining me now, kate rogers. good to talk to you. very much appreciate it. how are markets reacting this morning to the news ever coof c departure? >> could be a rocky day. futures are indicating the dow could open more than 350 points down. that is as investors react to gary cohn's exit from the white house. european markets are also in the red. you are seeing move in the u.s. dollar as it slumps against other major currencies. that all on worries that now that the trump administration's biggest supporter of free trade is out, the president will move ahead with protectionist tariffs and risk sparking a global trade war. gary cohn comes from wall street, a former top executive at goldman sachs, so he was always viewed as very pro business and supportive of the stock market. the canadian dollar and mexican pay s peso are also retreating as it is seen that washington could walk away from nafta talks. it is unclear whether president trump is using the threat of steep tariffs as a negotiating tool or whether he really means it, but they say the markets can't ign

let's get to kate rogers at headquarters >> a mixed second quarter for stitchfix.is the company's second report since going public. they beat on revenues but missed on earnings. they increased their monthly users to 2.5 million, up more than a half million for the quarter. the ceo, katrina lake, says the company is using algorithmic tools. they say the size of their men's subscription service is about two thirds the size of their women's but men will spend 70% of what women will spend for the year the stock is down 5% after hours, down around 4 back over to you >> thank you very much, kate rogers >> you're at like 120%, right? >> you are a stitchfix maniac. >> i just like holding things for a long period of time. >> i understand. it's very admirable. >> we appreciate that. >> anyway. as far as this business goes >> ridiculous valuation. the stock ran up 7% today. i think it's probably given up half of that in the after hours. i don't see any compelling reason -- >> there's no moats. >> no moats. they're growing their client base, they're up 2.5 million people but t

kate rogers reports on where the jobs are. >> reporter: since the election, manufacturers have added jobs, encouraged by deregulation and corporate tax cuts as well as stronger global growth and a weakerardoll but this job growth is facing one major head wind, shortage of skilled workers. ins particularly evident indiana where reliance in manufacturing is outsized relative to other states with 20% of employees working in the industry. >> we had a record number of job announcementsn the last 1 months but it creates issues in trying to get people to come to here. is work >> reporter: on top of that a population issue. the manufacturers assoc ttion floate idea offet contracting financial incentives to lure torkers tohe hoosier state to fill vacancies. >> we need people to move to our state. it is estimated our work force population is going to grow by 1% between now and 2040 and the nationalverage is going to be 18%. >> reporter: this steel maker knows all too well. the company employs 18,000 workers here in the u.s. and is lookin to add an additional 1,000 employees in20 . attracting t

tonight, "fast money." >>> kate rogers joins us. >> we have quite a few earnings alerts here.e'll kick it off for splunk, reporting eps and revenue. the stock is higher by over 6% right now. semiconductor company ambarella beat on top and bottom lines, higher by 4% and pure storage for the fourth quarter, the cloud company, also beat on the top and bottom lines. they're taking a big step lower. down now more than 9%. trying to figure out why this is their first profitable quarter they also had guidance in line barron's has a blog out and they're not sure why they have a conference call later today and we'll bring it back to you. >> i love a goods mystery. >>> much more on the big market selloff on wall street today withhe d tow down 420 when we come back. most etfs only track a benchmark. flexshares etfs are built around the way investors think. with objectives like building capital for the future, managing portfolio risk and liquidity and generating income. that's real etf innovation. flexshares. built by investors, for investors. before investing consider the fund's investme

let's get a recap of the act kate rogers going to talk about ultimate at that we start with josh lip >> regarding the fundamentals there, analysts already have questions heading into the call about the wireless up side and the wire downside. aside from the fundamentals frn front and center is how the ceo now feels about m&a post qualcomm now that he has had to abandon the bid. he is known in the industry as mr. roll up. analysts expect him to pursuing the m&a targets but they want to know what has changed to make them a good potential man post qualcomm. >> shares down 1%. how about ultimate at that >> a slight miss on eps. revenue on line, $1794 billion ever koss coming in, 8.4% for the quarter. pretty high. they announced a buy back and allocated $12.3 million for a one time bonus for their hourly workers. the stock down by 2.5% because their revenue guidance for the rest of 2018 was conservetive. back to you. >> we also had adobe report. that one was up again. >> adobe hit the bull's eye again. ultimate at that is interesting because the stock is down by a third from its highs it h

kate rogers has those. >> good morning.s say they may have discovered a previously unknown human organ. it's a series of connective tissues found throughout the body scientists think a better understanding of this could advance our thinking on cancer and other diseases. >>> the yankees are feuding again, this time it's not with the red sox. the team debuted a machine that can imprint images on beer foam. if you're dreaming of an aaron judge pilsner on opening day, the images run afoul of the mlb's policy of advertising alcoholic beverages. >>> and the dodgers hosted the angels in an exhibition game at dodgers stadium last night it had to be called on account of a massive sewer leak. dodgers pitcher ross stippling said crappy to end the spring. >> i don't get it. can you clarify that >> it's too early. i'll talk to you after the show. >> that's an unfortunate way to end the game >>> still ahead on "worldwide exchange," we'll take you behind the wheel. automakers gearing up for the new york auto show a slew of new rides makin

. >>> to kate rogers tracking the industrials. hi, kate. >> hi.look at the industrials, currently the worst performing sector in the s&p 500 due to the rollout of the new steel tariffs, down around 2%. johnson controls, boeing and cummins. johnson is down 3%, the worst day since february 8th boeing is the currently drag on the dow accounting for more than 90 points. johnson controls having its worst day since february 5th when it fell more than 5%. cummins is down 4%, on pace for its worst daily performance when it fell more than 4% the dow and s&p are both negative for the year, guys. back over to you >> thank you very much kate rogers reporting. >>> those companies are ones that are consumers of aluminums for big engine makers and the aerospace industry >> look at tech, too >> tech down. >> we talked intel and nvidia. nvidia down more than 4% that's a big one to watch as we watch the nasdaq and technology sector pulling down the worst sector of the day, down 2%. >> this is going to become -- it's a trade story but it's going to become a china st

. >>> main street is weighing in on president trump's tariffs kate rogers joins us now with more >> they'reng about it and it's on their minds, but some entrepreneurs like rockville maryland based andrew berman of spectrum graphics are breathing a sigh of relief he imporlts aluminum plates fro the european union, and the president has exempted the eu from the steel and aluminum tariffs for now. he feels others may not be so lucky. this may be well-meaning, well-intended, but how this will affect a lot of different industries, especially ones like hours that don't have a domestic alternatives may have not been thought out. >> the national small business association says while some jobs may be created in the wake of tariffs, more will likely be lost >> these trade policies always cut both ways for different companies depending where they are in the economy but in general there's more room for harm to happen for small companies than good. >> the small business and entrepreneurship council said there are few upsides to implementing tariffs like this, especially when you take china into consider

. >> thank you very much, kate rogers now, when we hear after hours that a chief accounting officer and corporate controller has left a company usually the reaction is not good and here we are seeing in the the market. >> although this news came out of a report that was out yesterday at some point so -- look personal reasons, we have to go on that. i'm not going to attempt to read more into it than that elon musk's texts are getting through to the president during a press conference where it's only good for tesla so i mean there's a lot of counterbalance to bad news that i'm not sure is bad news. >> chief accounting officer. that's one thing you don't want to hear. it would have been worse if it was friday afternoon but you know, tesla -- you have to give them the benefit of the doubt all the time, i'm surprised the stock isn't lower so i think it's still a buy here. >> dan >> i agree with both of these guys the stocks have been volatile it's almost up 3%, 4% right now concluding the after hours so to me at the end of the day what tim mentioned about the tweets is interesting, you have

morgan stanley >>> welcome back i'm kate rogers.ing shares of tesla, the stock down nearly 5%, close to session lows on news the national transportation safety board has sent two investigators to look into a fatal crash friday in california that involved a tesla electric suv. it's important the agency says on twitter that it's not clear whether the tesla model x was operating on its semi-autonomous control. investigators will study the fire that broke out after the crash. the stock currently the biggest drag on the nasdaq scott? >> we will keep our eyes on that stock. the woman who warned everyone to get away from the short volatility trade is on the hunt for the next biggest risk for investors. nancy davis, managing partner and chief investment officer of quadratic capital management leslie >> nancy focusing on the flattening yield curve and what that portends for the markets. how are you playing that specifically, and what do you think it means for the stock market, if anything? >> the flattening yield curve we think isa tremendou

we want to get to kate rogers who's there and this is the first one with kevin johnson kate, take it jim, thank you so much, we are joined by kevin johnson, president and ceo of starbucks you have a big announcement that starbucks is announcing 100% pay equities for all men and women of all races performing similar work and you are committed in achieving that globally come at a time a lot of companies are getting pushed back. tell us how long it takes you to reach this goal. >> first of all, welcome to our starbucks annual meeting great to have you in seattle jim, we have a sunny day today, no rain. we have been a company that's focused in taking care of our partners from the beginning whether it is healthcare for part time workers or providing stock options to or college achievement plan the next step of pay equity or all gender as and races doing similar work in the united states is another one of those things that we do making sure we take care of our partners. if we can retain that talent at t starbucks, what's that creates the magical experience in our star >> you are coming up

kate rogers has a look at movers there. >> see if we can hang on to the gains into the close dippingn and out of the territory all day. a strong report out yesterday. gave conservative guidance for the first quarter of 2018 but up near lly 9%. another mover, adobe been on the top and bottom lines in earnings report and a nice feed in digital media segme segment. stock higher by 3% down side in the nasdaq 500. biggers laggard, broad company strong earnings and a bid to take overqualcomm shot down earlier in the week that stock lower by 4%. back to you. >> thanks for that. >>> about 24 minutes to go until the close. joining our "closing bell" exchange, from wells fargo security, and from thestreet.com and our own rick santelli at the cme. start with you, mike, if i may in terms of what's driving the banks over the last couple weeks? clearly, yields have slipped and bank stocks as well. are we in a position when everyone is fully aware of the positives, the valuations we need the yields to pick up again for bank stocks to perform >> what investors have been focused recently with banks,

kate rogers, what's going on there? microsoft announcing a strategic partnership they say is going to empower the mobile workforce offering enter surprise solution that will integrate blackberry's expertise and microsoft's cloud and productivity software. microsoft apps will be available within blackberry dynamics called blackberry enter surprise bridge those two companies working together blackberry getting a 5% pop on that news. >> chris, before you go, you like blackberry or microsoft or both or neither? >> i would say probably neither. microsoft has had its run. it's still certainly part of, you know, if you're holding spdrs, i think you sell them when you can, not when you have to. >> words to live by. thank you very much. >>> wall street's volatility gauge, the vix, was up today it was over 21.5 at one point, just under 20 right now. hit its highest level since march 7th. what does this volatility pop say to you on a selloff day like this >> interesting to see a pop here i think there is a lot of nervousness in th

kate rogers with those details. >> this is a mixed second quarter for stitchfix.also only their second quarter reporting earning since they went reporting. on eps, 2% not adjusted. on revenues a beat of $296 million. the street was predicting $291.2 million. on their active clients, the number of people that sign up for their subscription service every month, that came in at $2.5 million, adding more than half a million subscribers for the quarter. they are added kristen lynch to their board of directors stock down by 3% it had been down by 10% we believe on the earnings miss back over to you >> thank you very much mike, quickly, this is one of the recent ipos in an area where people are are decrying we haven't had more this went outside the tech purview. >> it had a unique profile it was being slurred as the blue apron of clothes but they have a month positive cash flow story i think the street has to learn the kay cadence of how they report >> stitchfix down a little less than 4% right now. we'll keep an eye on it. >>> earlier today jim cramer reported that our

. >> what we need more of is news right now and we have some on toys "r" us, kate rogers, what's going on >> you may remember toys "r" us filed for bankruptcy in september, this is from cnbc.com's lauren hirsch citing sources that toys "r" us are prepping for the liquidation of the u.s. operations and the situation regarding toys "r" us's u.s.operations remains fluid so we wanted to bring you that brief update. >> they had a lousy christmas and things weren't looking good. >> a failed lbo so that was part of the story with toys "r" us. >> we have not gotten our money's worth. >> to wrap a little bit of this up what's interesting is in january, up through january it was everything's good and getting better and what's the bull case today something we thought was going to be bad called tariffs might not be as bad or bond yields are going up but maybe not as much as we thought. i think that's what explains a more volatile market a little more of a two-way market and we have too see when those things we agree on are good like corporate profits and growth maybe finally reflected more in the

kate rogers brings us those numbers. >> a very strong fourth quarter. this is their holiday quarter. they beat on every metric. eps came in at $1.33 revenues came in at $929 million. estimates called for $912.4 million. comps, a nice beat, 11% gains for the quarter. estimates had been calling for 8.7% rising. also their direct to consumer net revenue up 42% they also gave very strong q1 revenue guidance the stock is up slightly for the year so far, but right now up by nearly 8%. also one more thing, nothing in here about a new ceo their ceo search is still ongoing. if we get anything more on that after the conference call, we'll bring it to you. back over to you >> that's right. it's up 8% it's not all red in this market. john, before we go, what is your advice to investors right now, then >> value, rice a lot of things are down in price. value, ders fiction, different kinds of things, yield, yield opportunities. >> any examples you want to give - >> not going to mention -- i don't want to mention names but i'll mention a group in general, industrial co

kate rogers has the details. >> that's right.e have an update from united airlines this is in response, of course, to a dog dying on one of their flights. they said, quote, we have spoken to the family, our crew, and a number of passengers seated nearby we've learned the customer did tell the flight attendant there was a dog in the carrier, however, our flight attendant did not knowingly place the dog in the overhead bin. as we stated, we take full responsibility and are deeply sorry for the tragic accident. we remain in contact with the family to express condolences and offer support. they added to prevent this by happening again, by april, there's bright colored bag tags to customers traveling with in-cabin pets. this tag will further help flight attendants identify pets in cabin, guys, back over to you. >> okay. thank you very much for that a very disturbing story of today, united down 2.7%. let's focus back to the broader markets. joining on "closing bell" exchange is steve grasso and rick santelli from the cme in chicago. go

. >>> let's bring kate rogers in to talk about the restaurant stocks one of the areas of the market thatuffered a quite a lot today. not many areas were spared >> looking at the restaurant stocks it is a sea of red along with the broader market. biggest names in the sector, mcdonald's and star buck closed down more than 1%. restaurant brands, owner of burger king and pop aye's down 1.5% darden restaurant the biggest loser, they fell more than 7% after a mixed earnings report. in addition, the xly is down nearly 2%. one name bucking the trend, chipotle up half a percent >> there you go, the company that manages to do the opposite of the market for the last while. kate thank you. >> for those looking for wage growth, the restaurants know where to find it that's one of the issues hanging over that group. >> that's true. >>> headlines from reuter's crossing the wires via the chinese embassy in crash china is strongly disappointed and strongly opposed trump's tariff plans regarding chinese imports. saying china will quote fight to the end in all necessary measures in a trade war with the u.s.

. >> let's talk about some of those fabrics that you've designed i've just talked to kate rogers.ery actively involved in finding new fabrics you can bring to athletic wear what are some of those fabrics and what do they do? >> our next recent fabric is pec sweat. it's all about comfort in sweaty movement it's all about comfort and lasts a long time, comfort and durability being key for recreation you should definitely try pec sweat, it just came out. >> sweat doesn't show through this it's a break through for anybody who's ever worn yoga pants and worked out in them. >> it allows you to be comfortable while sweating in them without feeling self-conscious about sweat showing through. >> i was going to ask you about mickey drexler i'm curious what you've learned from him over the past year or two. >> yeah. mickey has been a joy to work with i'd say his pattern recognition is phenomenal. he's able to at a high level recognize things the other thing is he's been a fabulous mentoring coach for myself in terms of learn how to be an operating leader. >> i want to know what you thought.

. >> kate rogers, thank you for that. >>> coming up, the jobs -- >> thank this gentleman. >> yeah, the> i can't tell you how much i enjoyed being here i love being here. >> you know, like 13 different ways to tell someone's -- >> joe, i thoroughly enjoyed being here get to be with andrew. >> christopher -- >> you complimented me on my tie. >> tie and shirt. >> 13 ways to tell someone is lying. >> you really had fun? >> please come back and do a great job on my second favorite show on the network. >> the halftime report, 12:00, live from the stock exchange today. >> the chops countdown -- >> isn't it every day? >> no. >> oh, okay. >> we'll show you this morning big market moves straight ahead. >>> plus, president trump has agreed to meet with north korea's kim jong-un. we'll have the perfect guest host to weigh in, former desentences fence secretary ash carter where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight

kate rogers got a look. >> reporter: hi, becky mcdonalds said they would be maki making fresh beef aey're making 100% fresh beef quarter pounders they're prepared hot on the grill right when customers place an order they'll be in nationwide circulation by may and what's more, they actually cook faster than mcdonald's frozen burgers. >> it's going to be about half the cook time so that's part of the secret of what we're trying to do here is how do you make sure we don't impact service times but as we elevate the food and the faster cook time was part of that. >> reporter: the company isn't making any changes with the burger recipes the non-frozen offerings, they're a part of their new better mcdonald's. that's the evolution they say this is the biggest change for the company since introducing all day breakfast. the burger competition as we know is happening nationwide shake shack offers it delivered fresh. burger king has the whopper. wendy's came after mcdonald's because their beef is never frozen sonic rolled out a new mushroom beef burger. mcdonald's has to challenge all of these o

kate. have a good friday. >>> this week we told you that mr. rogers if he were alive he would have turned 90. we also told you about this new forever stamp that is coming out in his honor. mr. rogers is here on this stamp smiling with his trademark cardigan and king friday. remember him? the stamp officially comes out today. "mr. rogers' neighborhood" was and still is a gloved children's show which ran for decades. mr. rogers passed away in 2003. by the way, tom hanks is playing the iconic man in an upcoming movie. i wish i was wearing a card began right now. >> we will work on that. >> i will go buy one. >> stick around, you might see it. >>> all right. so coming up, more "today in the bay." kari, more rain on friday? >> a little bit. there might be a cardigan in my closet coming up next. >> we will borrow it. >> let's take a live look outside in palo alto. we are going to start out with dry weather. much different picture from yesterday. we will start to see some clouds moving in by earl yeah afternoon and, yes, there will be a chance of rain. we will talk about exactly when that comes in a