until the lock-up happens, kors is untouchable. if you forced me i would say coach on monday is the better stock. even though kors is going more quickly, it is not expensive. let's go through the comparison in terms of new stores. michael kors has many locations around the world. they plan to double the current store count. coach has 835 globally. at the moment their growth is being fuelled by china where the company plans to open 30 new stores this year. china is slowing and coach may have pinned too much of their hopes on the people's republic there is no real comparison in the last quarter, coach saw same store sales rise 6.7%. kors? 36.1. numbers that high cannot be maintained. gosh, that's phenomenal. i think coach is a fabulous company at a higher margins than michael kors. a brand new collection is being launched this summer. that could be a great catalyst. i love coach's management. will frankfort is a combative ceo who is adamant that his company will make you money. still better than ten year treasuries before the favorab

, the newly public retailer, shares of kors continue to push high after jumping 13%.sh securities. when i spoke to michael kors a few months ago, he made it clear that europe was going to be an engine of growth. what sort of impact should we expect? >> well, the stock has reacted favoritably, we think, to the positive eps results, fueled in part by 30% comps in the northeast -- in north america, sorry, and 13% comps in europe, which is down from 34% from last quarter we think they sort of held back some security there, which manage did met, but they did say comps have reaccelerated and are in line with the north american business. >> in other words, you're saying they didn't have enough inventory to sell. that's what held back sales in europe, as opposed to demand being down? >> right. i wouldn't say that sales were held back, as 13.6% is very strong compared on the rest of retail operating in europe right now. >> stacy, are you willing to look past the european issue? given the valuation of the stock, and yes it has amazing revenue growth, unlike a lot of reretailers

i feel kors could be similar. you want to immunize yourself, take a listen to the biogen analyst meeting. it's one of our favorites. consistent track record of higher sales, hence why this economically insensitive name is only a few points off the 52-week high. some downers here. wednesday, dell speaks. despite michael dell's herculean efforts, let's just call the results lackluster at best, and the bears continue to growl around the stock. the problem isn't execution, which is frankly terrific. it's that the core customers seem to be tapped out. dell has a lot of government clients, and they've been cutting back. so pricing is not as robust as we thought. on the other hand, the balance sheet is excellent and will cushion any honest discussion. however downbeat it might be, and they are honest. be careful, no sugar coating. wednesday also brings us jamie dimon's testimony on capitol hill. we're all going to have to listen to how the london whale beached up earnings. perhaps it could cost as much as $5 billion in u

that's why warren buffett doubling up the fleet of net jets and look at michael kors. i'm not going to say that's the highest end but nonetheless a luxury retailer doing very well beating by a nickel. i think you continue to buy that one. >> saudi arabia's oil minister defending record out put despite falling prices, yesterday the largest oil producer committed to keeping markets amply supplied. ceo of quantum reservoir impact former head of oil management. great to have you here. >> glad to be here. >> what do you think is driving oil prices right now. >> supply and demand. all the fundamentals of supply and demand. on the supply side we're seeing a very robust picture. saudi arabia is only one component of the whole supply picture. maybe iraq, you look at the u.s. production on an upswing. on the demand side, all the factors whether the european crisis or general malaise on the demand side are creating a very favorable factor towards lower prices, hence, the lower end of what i consider the stable window of prices. >> you say in your most recent op-ed in the "wall st

kors corzine is doing now? guest: he is laying low. i heard he is spending time with his grandchildren. he is a notorious workaholic. he's not doing what he wants to do which is be back in business in some form that is kind of his makeup. even at the age of 65. he is obviously not in any position to be doing that with anybody. host: virginia beach, independent line. caller: what good is the curriculum of accounting is the largest trust that too big to audit, too big to fail organizations do not have to use any accounting practices? just look at the paper trail. there is double entry accounting practices that should be followed. long before there is a problem that reaches this level, it should be found. put some accountants in jail and they will start talking. in your research, what have you said? if you are real about getting to the problem, start with the accounting. guest: that is an interesting issue and a good point. that was true at enron and mf global. the accountants were not in a position to know a lot. and in particular, and p

michael kors jumped. dell rose after announcing its first ever shareholder dividend. on capitol hill jpmorgan's jamie dimon will apologize for what he called a poor strategy that led to a milt tie billion dollar loss. >>> dutch company ing has agreed to shell out money for illegally fuming money to cuba and iran. >>> credit card processor global payments said more data may have been stolen than initially thought. >>> yahoo! and msnbc.com have ed respective sites. >>> and finally just in time for barbecue season, burger king is getting in on that salty sweet pairing trend, bacon sundae. the vanilla soft serve with fudge, carmel and bacon clocks in at 510 calories. i think i'll pass. >>> coming up, the mets rock the rays, a yankee slams into the history book and the phils get robbed by a fan. plus a clutch perform decides the nba finals. your early morning sports headlines are straight ahead. >>> every morning we're tracking thunderstorms. i'll tell you whose turn it is tomorrow. your forecast is coming up. you're watching "early today." >>> good morning. if you're just

. >> dressed up in a kor set. >> there's some high bro history. >> good afternoon.isn't a. >> this isn't a set. >> downtown abbey is smash hit, now water cooler tv both sides of the atlantic is all shot in a castle. a real, family home. >> there's the fort count es. on the next floor. >> this is the current lady, carnarvon married to the eighth earl. >> the queen is a close friend. >> my father-in-law is a close friend and husband's god mother. >> god mother, yes. >> my wife said to me. >> wir thals close with writer juliann who won an em my downtown abbey who was inspired by his creation to highclere castle. the people who once lived here, the ghosts in the basement. >> downstairs. >> sorry? >> you had a monk come out? >> yeah. >> to get rid of the ghosts. >> this place was built in the mid 1800s as a symbol of the great. >> what do you like to do? >> i think i would rather like go exploring. >> certainly. >> so how many rooms? >> between 2 and 300. >> do you know exactly. >> no. that's why i'm saying between. that was a clue in the answer. i sort of think i must c

for jeff van gundy, doris burke, producer tim kor began and director jimmy moore and the entire abc crew this is mike breen saying so long from oklahoma city. stay tuned for your local news, "nightline" and "jimmy kimmel live." thanks for watching abc, the home of the nba finals. this country was built by working people. the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ [ male announcer ] from our nation's networks... ♪ ...to our city streets... ♪ ...to skies around the world... ♪ ...northrop grumman's security solutions are invisibly at work, protecting people's lives... [ soldier ] move out! [ male announcer ] ...without their even knowing it. that's the value of performance. northrop grumman. her own mug up with

they kor owe graphed it all for us. they going to keep rates where they are. >> it's not going to do anything and they know it. it has to fun something that's a one day or a one week kind of credit. >> i agree. >> there's really no sense of urgency in this space. as you said, maria, the ten year they orchestrated where they want that to be and how long they want that the to be at that level. so the sense of urgency is not behind the sector either. that's another head wind. >> they're in the dream world if anyone thinks they can control the ten year over time. the people who control it are the buyers who are over half not u.s. every little notch they clean up in euro, the money will go back out and into the euro, and that will force us to let rates rise. >> very great insights, we appreciate it. just to reiterate, these banks, if they get hit tonight you want to be a buyer? >> absolutely. >> we're on the sidelines. thank you. >> thank you, robert always great to see you. appreciate it. the markets have expectations that

i know you held kors for five seconds -- >> actually longer. 32 which was three days. now it touched 42. this morning at some point i don't know where it closed. it's very expensive here, not that it can't go higher. it has a nice growth story. they did a nice job bringing it out at the right time. in you look at raffle lauren and the differential evaluation, i wouldn't short it but don't be long. >> we can't say the cheap gets cheaper and not respect growth. that's the key problem here. when you find legitimate growth, that's what happened with the quarter. these guys put up huge revenue numbers. if they can deliver people will pay more for the growth they can find. a lot of hedge funds have oh cover on that. the company delivers numbers like today. you get squeezed. >> let's move on. united natural foods reporting better than expected earnings. the organic foods and supplement distributor seized high growth potential as more consumers switch to organic foods. unfi is up tp% year to date while herbalife and others struggle. is this the healthi

michael kors jumped 7% on stronger than expected quarterly earnings. dell rose after announcing its first ever shareholder dividend. >>> on capitol hill today, jpmorgan chase ceo jamie dimon will apologize to congress for what he calls a poorly conceived trading strategy that led to a stunning multi-billion-dollar loss. >>> dutch bank ing has agreed to shell out $619 million for illegally funneling billions of dollars through u.s. banks for clients from cuba and iran. >>> in the wake of the massive data breach earlier this year, credit card processor global payments says more data may have been stolen than initially thought. >>> yahoo! and cnbc.com, the website of our sister network, which like this network is owned by nbc universal, have inked a deal to create and share content on their respective sites. >>> and, finally, just in time for barbecue season, burger king is getting in on that salty sweet food pairing trend with a bacon sundae. just in case you're counting calories, the vanilla soft serve with fudge, caramel, and bacon clocks in at 510 cal

clothing designer and retailer michael kors had a much stronger than anticipated quarter with profits doubling from a year ago. it also increased its financial outlook, helping push the stock up 7.7%. volume was ten times normal. shares went public in december at $20. it has more than doubled since. in our exchange traded fund market flash, gains across the board. among the five most actively traded e.t.f.s., the emerging markets fund was the strongest, up 2.1%. and that's tonight's "market focus." >> susie: many small businesses remain pessimistic about the u.s. economy. the national federation of small businesses says its optimism index in may was sitting at a historic low. now, while this reading doesn't project good employment growth, small businesses are some of the best job creators in the u.s. over the next six months, u.b.s. will be mentoring 20 small firms in chicago and los angeles. and as diane eastabrook reports, the plan is to help those firms get bigger and better. >> reporter: common ground is bursting at its seams. in eight years, the chicago advertising and marketing

michael kors jumped 7% on stronger-than-expected quarterly earnings and dell announced a dividend. >>> on capitol hill, jpmorgan ceo, jamy dimon will apologize to congress for a poorly-conceived trading strategy that led to stunning multi-million-dollar losses. >>> dutch ing funneled millions of dollars to u.s. banks through cuba and iran. >>> in the wake of a data breach, credit card processor says more data may have been stolen than initially thought. >>> yahoo and cnbc.com, the website of our sister network, owned by nbc universal, have inked a deal to create and share content on their respective sites. >>> finally what do you think of this -- just in time for barbeque season, burger king is getting in on the salty sweet food pairing trend. with a bacon sundae. that's right, a bacon sundae. in case you are counting calories, the vanilla soft serve with fudge, caramel and bacon clocks in at 510 calories. not for me. >>> coming up, the mets rock the rays, a yankee slams into the history books and the phils get robbed by a fan. plus a clutch performance in the fourth quarter decides g

for jeff van gundy, doris burke, producer tim kor began and director jimmy moore and the entire abc crew this is mike breen saying so long from oklahoma city. stay tuned for your local news, "n >>> now, abc 2 news at 11:00. >>> rain is pushing out on maryland's most powerful radar. will the big heat return any time soon? >>> they saved a city block but did it save firehouse from closing? >>> minimum you burned 900 to 1200 an hour. >> it may look unusual but it is all in the shoe. and it works. >>> all right, let's look at the weather. it is one of the nights you wanted to come home and collapse in front of lebron and durant. are we going to slam dunk this bad weather out of here? here we have a look at the first forecast, wyatt? >> reporter: we are seeing improvements out there. we are not done with the rain especially on the eastern shore. we do have rain coming down here and a little bit of rain south and west of baltimore down into the d.c. area. maryland radar tracking it. a couple of heavier showers in the last hour or two. but now we are clearing out. cesil county, 0.2 inches of ra

fall of two thousand and eleven rather liquidity had been a cause of concern before and threw out mr kors lines tenure at m.f. global yet systems and tools that would enable accurate real time monitoring of liquidity were never implemented so let's just take one angle on this m.f. global did not have proper internal systems in place but remember the federal reserve approved them as a primary dealer not long after john corazon came on board that was february of two thousand and eleven the new york fed announced m.f. global had received this designation so this status allowed the firm better conditions in borrowing it allowed them to trade directly with the fed as a counter party giving them the ability to take more risk now we know how that all ended up so let's talk about what this means what questions it should raise we have just the person to do that nomi prins senior fellow at demos and author of black tuesday also formerly of goldman sachs and a past life so know me thanks so much for for being on the show welcome back to look out so nice to see you again. thank you great to be back a

a thousand-mile train kor taj. tell me more about it. >> this, of course, his trusted servant charles is still at his side to the very end with the funeral. he's viewed -- people come from all over. the trains are coming in. thousands of people in lexington for the funeral. it's national news. >> i think the thing about that monument, you know, there's monuments to clay. i think he's got more images in the nation's capital than any other individual. atlantic magazine in 2006 put him as one of the 100 most influential americans of all time. i think the best monument to clay is not any of those things. i think it's the fact that henry clay kept a divided nation together. it's still united, still a working democracy. >> we have time for a very quick call from kentucky. a quick question. >> caller: yes. my question, why do you suppose henry clay was not interested in a woman's perspective on slavery? the reason why i ask that question, european victorian woman traveled to america to kentucky in 1835 -- >> i'm going to

now he goes out there and -- >> fair weather fan. >> exactly. >>> coming up, michael kors reported.was there at all. >> i don't think they did. they never won it. >> they didn't. >> but the devils have won a lot of times. >> martin brodeur -- >> excuse me? >> martin brodeur -- >> look at you. >> -- he said he'll probably come back. >> look at becky about hockey. the sport. >> martin brodeur. i like hockey. >> wow. >> wow. >>> $1.21 a share for kors, and also issued current quarter guidance above street consensus, it will surge today. juniper networks announced a stock buyback of up to a billion dollars in addition to a prior billion dollar program. texas instruments narrowed its second quarter earnings share per out look from 32 to 38. so boring. although the midpoint of the new range -- >> it's hard seeing it as a big victory. >> and einhorn increased their stake in seagate technology. >>> and former vice president dan quayle and his son ben are our special guests all coming up in the next hour. >>> if you're just tuning in, you're two hours too late. >> beware of anyone who comes

kors a lot of people are in a driving into the canal looking for a new ride. -- a lot of people are going to be driving into the canal looking for a new ride. >> coming up, love letters are one of the shocking things to come out of jerry sandusky's trial. >> here with the commerce secretary is saying about allegations that he hit two cars and tried to drive away. >> there is a little bit of action on super doppler 7. we will get >> live and in hd. this is "good morning washington," on your side. >> 6:00 and 30 now. straight ahead, shocking testimony about love letters in the jerry sandusky trial. >> plus, what really happened at the scene of a hit and run. >> good morning, washington. it is now tuesday morning. >> in cynne simpson. rise and shine with the traffic and weather every 10 minutes. >> a troublesome spot would be the outer loop where we take you live to the collision camera. this is on the way to rock of bill -- rockville pike. now adam caskey. >> we've already had a few showers. a few more are headed our way. let's take a look at a live camera overlooking the potomac at the nat

. >> it grows from the tissue kor covering the brain -- covering the brain. she discovered it when memory problems prompted her to get a brain scan. >> i think it's unlikely that it caused the memory loss. usually that's associated with a larger tumor. >> the count for theired third for all -- third for all primary brain tumors usually occur in women. in the rare cases they get big it can symptoms like headaches and seizures. that's when doctors consider removing them. crow who is a breast cancer survivor is expected to undergo periodic brain scans to monitor her tumor. >> if you have to have a brain to more this is one of the -- to more this is one of -- tu more this is one of the ones to have. >> she said she's happy, healthy and working on her new record. >> sheryl crow tweeted her fans saying she appreciated her love and support and told them to watch her on the tony awards sunday night. >> i love her. >>> our slight cooling trend continuing for one more day. right now mostly cloudy and pleasant. bernadette woods, we will start with you with the updated n

the only thing that is specific is it can increase funding kors because certain buyers have to pay attentiono ratings in terms of what that can and can't buy. i think it has been largely -- >> could this be a buy on the news then -- let's see what happens in the immediate -- >> i have to say i hear what he is saying and i think that's largely in there, for example, morgan stanley, if they get the three notch downgrade, it's a risk, it's what market has been watching carefully as one example of that list. that will be a surprise. we both appreciate that. >> i'm glad you brought up morgan stanley because we spoke with james gorman, and i asked him specifically about this downgrade, and how he is anticipating -- what he is anticipating. he said it's most important to look at how big of a downgrade it will be. will it be two notches or three notches, listen to what he said about this downgrade coming. >> the fear out thereto is that you will see a two to three notch downgrade from moody's, and that will mean a $5 to $9 billion call. how much capital will you have to raise? >> we won't, we have t

i drive on 48th every morning and i look in the michael kors and saks fifth avenue.omething catches your eye. >> or you compliment somebody's shoes. we think about sex ten times a day. i don't, do you? >> no. when you've had it as much as i have, you know. >> it's never going to work. >> that was weird. at a ball game yesterday, there was a rain delay at the ball game. you sit there and you watch these rain delays. there was a man who decided to have fun with the rain delay. so we went running out on to the field. he was sliding all over it. i was like, who is that crazy old man? i just saw the video. you know who it is? >> that crazy old man is bill murray. >> i guess he's part owner of that time and decided he would have fun with it. >> i bet the crowd went crazy. there he goes, sliding into home. >> crazy. >> have you ever met bill murray? >> i think we -- didn't we have him on? >> i don't know if we've had him on since i joined you, hoda, but many times years ago. he is a character. oh, my gosh, he's a character. that's bill murray. great actor. >> we have some s

. >>> a kor coroner conducted the autopsy on rodney king.was found dead yesterday in his pool at the age of 47. this is the rodney king that's burned into brains across country in the beating by four officers. the riots that followed tore the city of los angeles apart. king has demons. he struggled with drugs and alcohol addiction. the whole reason he fled police that night back in 1991 is because he was on parole and feared a dui. that was hardly the only incident. i know you all were friends. before i get into my questions here, we were talking on the commercial break. you told me the last time you saw him, you were out on water and you said he was a great swimmer. he saved you. >> yeah, this was years ago. we were out fishing in two different boats. my boat capsized. he got he into the water and got me in his boat. he was an excellent swimmer. this is shocking and weird to hear drowning. i immediately suspect he battled with alcohol and drugs. last time i saw him was about three months ago. we went fishing. he was struggling with his sobr

if we know we're moving in the right direction, i think that's constructive. >> julia kor in additions morning. we appreciate your time. we'll see if mortgages be as you were saying earlier, are part of anything we hear out of the fed later today. >>> still to come, u.s. markets closed at five-week highs on tuesday. will investors now sit on their hands until the fed decision and the bernanke news conference this afternoon. we'll preview the trading head just ahead. [ male announcer ] trophies and awards lift you up. but they can also hold you back. unless you ask, "what's next?" introducing the all-new rx f sport. this is the pursuit of perfection. optionsxpress, where you can trade your favorite products, all in one account. keep watch on the markets. or use our exclusive tools to help find ideas. it's powerful, easy-to-use technology for trading stocks, options, and futures. keep trading whether you're at home, in the office, or on the go. optionsxpress, the broker smart traders deserve. open an account today at optionsxpress.com. >>> welcome back. let's take a >>> welcome back. le

>> should have bought michael kors. >> coach or stuff? >> i would say stuff.ry much, but i didn't hear great things about their stock. >> hoda, you are right. >> i haven't read anything about them! >> the stock has doubled in price. $300, $660 investment, that's what you'd have today. >> good! >> everybody loves this apparel maker. >> lulu lemon. stock. stock. >> stock out the wazoo. >> stock out the wazoo. up 900%. that stock is up 900% in three years. $100 investment, you'd have over 1,000 bucks. >> here's the thing. she didn't invest anything. >> i love it. >> you should be buying the stock. >> stock! >> that's the point. >> look who's winning in the stock market! >> good point. >> wakel? >> pardon? >> it's the largest bra and panty maker in japan. what do you think? >> stock. >> well, no, hoda, i have to tell you wrong. actually, the stock price has gone down and these bras last, i can attest to them, great bras, great company, for making the bras, though, not stock price. >> then why not? why isn't it doing well if it's a great product sfl. >> it's not tr

. >>> different story from another recent ipo, michael kors, shares triple and boosts the outlook.e purses, courtney reagan, what do you think? >> michael is finding strength in europe. while the company is concerned about the headlines, michael coar coors hasn't been impacted. north america has a 37% increase but far better than retailers like tiffany and abbiecrombie and fossil have had. margin risk accesscy sales making up the bigger share of the merchandise and that helped that gross margin number. >> hot stock with a ceo named idol. >>> david increasing his stake in that company, up 45% over the past year hitting new highs. it has plunged almost 30% in the last month on word apple would move away from hard drives in its computers. can it rally back? >> thanks. seas gate stocks having a rough monday. apple's announcement is a pearl laptop that does not have a hard drive. three of the laptops apple makes does not have hard drives and you will see them move from hard drive to flash book memory. you have seen them go to 20% before after pledging 30% apple. what about the long term

what does the ruling mean for the health care industry in let's talk about it as we bring in david koran in a the ceo of cigna, and president obama's former doctor until 2008. let me kick this off with you, doctor. you cared for pb, but you were not a fan of the health care legislation, why? >> insurance companies running the show, we know the cost of administration of insurance is about $400 billion a year. part of that cost is the salaries that the executives make. i believe mr. cordani makes 150 times what i make in a year. it is a tremendous cost of insurance. 26 million people will not be covered when this bill goes through. there's going to be a very poor court reporting school of the costs of care, the health insurance premiums will continue -- i have excellent insurance. my wife and i paid $7,000 last year in personal costs. when she had a bad accident, the insurance company refused to pay for the ambulance because they're not in our network. they never get between me and my patient, but the private insurance companies that's another matter, they're constantly getting in my way

michael kors should be one of the winners. american eagle certainly has a change this year than last year. that should bode well. we're seeing some changes in the winner's apparel, coldwater creek, tal bots maybe not benefits as well. but let's not forget limited and also not forget some of the big department stories like north strom's and macy's. >> stacy, if you had to put your money on one name, which one would it be and why? >> what i've been doing is focusing on the european exposure. i've been hitting the stores here for about a month. the guys like abercrombie, they will not promote. i think the promoters will gain share. on a positive note, certainly the limited is opening a victoria's secret in london. you know, really their biggest competitor would be marks and spender, who's having its own problems. and that's my favorite. >> yeah, they have. thank you, ladies, very much. an early merry christmas to you both. >>> now to brian shactman with a market flash on a down day. believe it or not, mid cap index now in correct

and ralph lauren in contrast said they would see a slowdown and michael kors says he hasn't been impactedg new stores because of the level of customers and new doors. >> and younger and hipper as well. >> i wear. >> do you? >> at home, yes. >> younger and hipper. starbucks guidance? >> partially because of europe, trying to get it going. there's a lot going on. they're starting to invest is diversification. this is a company that could go through a bunch of rocky moments and long term story versus short term. >>> juniper networks and tdoing well with the financial crisis. >> i'm amazed at the billion buy back. >> under armour doing high? >> interesting enough, one of the parts the bear story had to do with inventory controls. they came out and looks like they're working through inventory situations. if you do what i do, i look at a long term trend on sales ratios, earnings ratios, margin ratios, it doesn't look like they're doing better, a slowdown. you see them with a 2 for 1 stock split, why are they doing that? to get people to look the other way. >> 46% for under armour. and texas ins