stephanie: kevin plank is still with us. baltimore is where you are based. stion in from twitter. in building your portfolio, any plans for the underprivileged neighbors? kevin: i think it is the story of every city. one of mike bloomberg's big initiatives. you are starting to see urbanization happening around the country. really proud of dan gilbert in detroit. i think what we are doing in baltimore, i don't believe cities need companies that i believe city -- i believe companies can help cities. when the buffalo bills played the baltimore ravens a couple years ago, the article written in the journal was, the only two nfl cities without a fortune 500 company. the opportunity we have, the commitment we just made -- david: thank you very much, kevin. ♪ the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it'

>> and as long as kevin plank is there with his visionary outlook for this company and the differenting to be expanded into, judge, you do want to only stock and do want to buy it on dips. i don't know that this is enough of a dip yet though. stock peaked at 105 and now at 106, 98 right now, i think you wait for a little bit. this was an excuse, the departure, that is, to basically call for profit-taking. >> and quickly, pete, the fact that walmart is the big drag, nike is the big year-to-date winner. >> the nike performance is just incredible but back to under armour, long term they still like this stock so giddy-up. >> guys, thank you so much. so much more hueout the rest of the day on walmart and everything else. that does it for us. "power lunch" begins now. >>> scott, thank you very much. welcome, everybody to "power lunch." glad you to be with us. along with mandy drury i'm tyler mathisen. one of the biggest stories of the day, of the year, walmart stocks plunging and is bad news for walmart actually good news for the u.s. economy? >> well, while walmart shares struggle fellow

scarlet: that was kevin plank and michael lewis speaking with stephanie ruhle.bout investors, i was going through mental checklist of which sectors have not been touched by activist investors. it was hard to come up with one. staples, you have png under attack. microsoft caved to pressure to some extent. energy, materials companies, check. alix: if you look at freeport , you do last two days wind up seeing a pop in the stock. are completely bleeding cash as they are trying to get this off their balance sheets. people may not understand what a commodity business actually is and how the commodities super cycle actually works. you're looking for decades, not the next six to nine or even three or five years. however, i thought kevin plank was making a good point that there are some arguments to be made for why private is better. the stock for glencore has not been able to reach its level in 2011 since. it is something you might want to do because it has so much scrutiny and the debt has come under so much burden. scarlet: when you're in an industry where something h

this is kevin plank's show. i'm not backing away. this is a great long-term buy. vin blank runs a tight ship. i don't care about who leaves, as long as it's not kevin plank. >> he's the man. >> he be the man. like nike. >> if he leaves, trouble. >> if he leaves? you know -- you will need some armo armor. >> ge, we mentioned it's been on a nice run. today william blair takes it to outperform. says could double by 20/20. where have we heard that. >> ge, people are excited because it's best performing industrial of the year. a lot of people are very, very excited about the chart looks great. this is a great american industrial doing things right. including getting nelson peltz on board. >> he's on board. not on the board, but on board. >> on board. >> he's been on-boarded. >> yes. >> nelson peltz a bit of a winner. though the dupont situation, they did a scorch and burn, and they be burning. >> that stock certainly moved up the day that ellen kullman announced her retirement which is coming up now. october 16th is her official retirement day. >> you stay focused there

scarlet: tomorrow, a trio of a list guess -- we have larry summers, kevin plank, and michael lewis all live with stephanie ruhle and david westin starting at 7:00 tomorrow morning. short" changed my life. i can't wait. scarlet: coming up, the european union striking down a transatlantic data agreement that may disrupt companies like facebook and google. we will head to the nasdaq to see how their stocks are trading. to thet's another blow coal industry -- citigroup is cutting back on financing for coal mining projects. scarlet: forget about buying a luxury watch -- how about making one for yourself? of all speak to the ceo swiss watchmaker offering a free course in the usa. ♪ scarlet: welcome back to the bloomberg market day. alix: let's check in our top business headlines. we begin with southwest airlines. for 42 years, they've made money by emphasizing short-haul trips in the u.s. starting in october, they will fly to six cities in latin america and the caribbean. the problem is southwest has run out of cities in the u.s. it wants to serve so it is going international for growth. sca

stephanie: kevin plank. tom: one of my heroes. stephanie: donald trump. tom: one of my friends.rdan spieth. tom: a beast. stephanie: mike bloomberg. tom: did a great job in new york city. stephanie: we have some men's men on today. david: i learned something in the interview. stephanie: that i can tom brady is hot? david: i knew that. that he should be a diplomat. stephanie: there you go. and he can help donald trump with that. next, he is served more than 30 years in the government. former commissioner bart chilton on banks, regulation, and maybe a little hair care. you know i love this guy's hair. we will happen next. ♪ david: we are now 30 minutes from the opening bell here in new york. welcome to "bloomberg ." i am david weston. stephanie: i am stephanie ruhle. erik schatzker is in north carolina. guess who is here -- brendan greeley. brendan: you get a better line when you leave it there. stephanie: he said a better body. you asked for that. brendan: that is my exit queue. stephanie: come back. things get crazy at 9:00 a.m.. brendan: what we going to talk about? with br

you meet kevin plank and understand why under armour is going to be around a long time. >> walmart's-- >> i understand why we're -- why are you thinking -- each -- >> a political one. >> it's not. it's good to see a dow kpo component, an american name like apple pie, is at a new high that had real problems. people thought mcdonalds was not coming back. >> people thought it was over. people thought -- >> caterpillar earnings and revenue falling short of estimates. let's hope no more happy meals draw kids into the stores where they are drawing them into eat this terrible poison. more on the results, caterpillar chairman and ceo. doug, always -- do you feel some type of bottoming process at this point? >> good morning, joe and everyone. as always, nice to be with you. there's no question we're in a rough patch right now. listening to a couple of the other earnings, and all i can say is our day will come, but it's not right now. we had a fairly good operational quarter, reporting 75 cents without restructuring, and within that, was an impact of 17 cents of currency translation in brazil,

i mean kevin plank in baltimore, you know tony shay with zappos in las vegas, and jack dorsey interested seeing company-led, you know, bring back urban cores. i was no dayton ohio wednesday and there's a company there called marsden lab going to light the world on fire. augment reality and virtual reality. it's -- >> a great city. my wife's high school. >> they installed virtual reality. have you done that? do i have competitive advantage over you? >> talk exactly how you are installing it, like, are you talking about for kitchen cab cabinets or -- >> talking about for playbooks, being able to -- >> oh, for your team? >> yeah, yeah. >> i can't comment on that. [ laughter ] >> but going back to baltimore, three weeks ago, there was a rise of the rest bus tour across america in cities like baltimore, philadelphia, buffalo, manchester, portland, and baltimore, not just what kevin is doing with under armour, phenomena, health tech around that but john hopkins, biotech there, sense of hope and possibility, and baltimore, entrepreneurs are moving there, seeing this all over. >> is des moines r

kevin? then: hey there, kellye, man rented this yellow excavator to dig a trench 12 feet under, repelling water lines, when the ground gave way. tonight, two wooden planks covering the dangerous hole. >> i just heard a whoosh and i was up against the wall. kevin: he is grateful to be alive. >> it was like a snow avalanche on tv. it just came on may and i had no idea how many feet, cubic feet of dirt it was, but it was like i was in concrete. i could flex, but i cannot move. his 50 four-year-old son dug frantically while a neighbor called 911. he focused on breathing, but then a second collapse. >> i had an area in front of me, and i was thinking to myself, this is not going to end good. kevin: after 15 minutes of shoring up walls and providing encouragement and digging, rescuers plucked him to safety. >> when i got out there must have been a hundred people in my front yard, clapping. i was just amazed all those people were there for me. kevin: they took him to baltimore shock trauma, where doctors treated scrapes, bruises, and oxygen starvation to his muscles, but he was released only hours later. >> i got out and i'm here to talk about it today. just g

he has walked the plank with john boehner before. when he had kevinccarthy his whip and eric cantor ditch him on the physical cliff vote paul ryan was there with him. he has seen this happen and knows it has to. hopefully in the next year he won't have to do stuff like this. >> how is paul ryan going to do as speaker. >> i think a.b. makes a really good point. this takes a lot of stuff off the table. paul ryan might have said this process stinks. this is very convenient for him. this allows him. >> not to have to deal with it? >> blame somebody else. >> for a very long time i might add shut down. extract concessions. have changes made with that off the table ryan has a chance to do some other things, build up goodwill, perhaps and maybe the next time this comes around if he is still speaker he can have more negotiating power. >> it's going to be interesting to watch because it is under new management the minute speaker boehner leaves. anyway aaron, a.b., thank you both. you have to see this video a police officer dragging a student out of a classroom