not everyone is bearish on kors. it's maintaining a buy rating and erin murphy is reit raising her over wait. >> this is a global story misunderstood by the street. it's growing across multiple categories, over the next two to three years, the near term or that intermediate term upside comes from the european market, what they are doing there. it's extremely transformational. >> reporter: while many compare michael kors to coach which suffered from market share and stock price declines, murphy thinks ralph lauren is a better competitive to kors since both have large product lines. the sales growth has been seller, a performance level only sustainable for so long. however, piper's survey still indicates kors is a top desired handbag brand potentially giving the brand some back to school sales strength. for "nightly business report", i'm courtney regan. >>> our market monitor guest tonight says there are pockets of opportunity, you need to know where to look. welcome, nice to have you here. >> thanks for having me up h

aeropostal down 63%, even coach, possibly a competitor, some would say, to a michael kors, michael korsup, but coach is down 40%. lu lu lemon's got its own issues right now, but there's perhaps two names in the news so far that are really epitomizing this particular debate. one is williams sonoma, up 24% so far this year. this is a stock near report highs right now. it shows you that the high gent consumer discretionary for home furnishings and home goods is still fairly decent. restoration hardware perhaps a similar story, but then the container store reported earnings, and came out with perhaps one of the more dire forecasts for the coming months. the ceo basically said people are spending on big ticket items, but container store, williams snowstormo, two very different stories. back over to you. dom. >> thank you very much. let us now bring in contributor jan rogers nippen. and herb greenberg. here's my theory, and it's going to sound insane things are so good for the consumer, it's bad for the retails. what i mean by this -- people got spooked yet, but if home sales are rising, car

on the heels of this kors massacre, macy's has come in a lot.bought a fair amount of stock today. is it the bottom? i don't know. i really want to own it here. this is about as cheap as it's been on a relative p.e. on a forward p.e. and maybe i don't know four years. >> i think over the weekend they were saying kors better be careful, they'll wind up like coach. any time you compare to coach that might not be a good thing. >> that might have set off the downgrade. biotech and social media stocks sending sectors lower in today's trade. is there still money to be made? plus, find out what marissa meyer said on the call that made yahoo stock fall? think fresh session lows. that's next. . . massive warning, biotech and social media stocks coming from the federal reserve of all places today. fed chair janet yellin making interesting marks from pence the fed's mon they're report. she said valuation metrics in some sectors do appear to be substantially stretched, particularly in the biotech industries despite a notable downturn in equity prices for suc

i'm not a buyer of kors. i'm not a fashion guy. i mean, well, i've got -- my daughter gave me a nice -- one of these ties, this for father's day. i'm not generally a fashion guy and i think that kors is a little too expensive. i don't need the controversy. we think this market's always right, that may not be the case. i say be patient. let it come in. you're not going to get hurt. on "mad money" tonight, gopro, it's all the buzz from wall street to main street. it's changing the way we see the world. should you go pro or go home? hold on to your seats from my point of view on gopro. no one has this one, believe me. honeywell makes the technology, keeps it under control. hey, how about this? a company with devices keeping hearts healthy. up huge in the past year. stay with cramer. >> don't miss a second of "mad money," follow @jimcramer on twitter. have a question? tweet cramer, #madtweets. send jim an e-mail to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. [ male announcer ] the

>> what i'm seeing who has it right, michael kors, kate spade. we're seeing other companies for example like old navy where traffic is and it's the international apparel retailers. look at h and m that say sales rise 23% or uni glrks low. they are giving more competition to the domestic retailers. >> what are they doing right, specifically, dana. products, artful merchandising? is it specifically? you mentioned a couple of them, a lot of them are higher end, h and m is not, old navy is not particularly, but it sounds like you're saying the higher end retailers are more inclined to get it right. >> they are and it's a category, accessories doing better. the other category is active wear and athletic that seems to be taken share from denim and logo and when you walk in a store, what do you see? look for the signs of traffic and need to see less promotional signs. when i look at h and m or fashion retailers they have tre trending product. >> consumers trading down, instead of going to walmart they are going to walmart or the dollar store and instead

we're going to hear from san francisco's quote, hot cop of the castro, otherwise known as chris kors. in less than two weeks, kors is already a social media star, thanks to some photos and a man who made him a facebook fan page. >> himself was not on facebook, so no one had a forum for them to appreciate -- you know, show their appreciation for him. so, i thought it would be fun just to create one. it took me five minutes, you know, no big deal. and that got the ball rolling. >> now, since then, he's gotten over 13,000 likes on facebook. we also hear he's getting offers to be on magazine covers and tv shows. we'll have reaction from officer kohrs and his newfound fame tonight at 5:00. >> i wonder if he's like, i'm just doing my job. >> i wonder what the other guy in that video is like. i was saying on the morning show, you too, sir, are very, very handsome. >> let's start him a page. >> meteorologist christina loren has her own fan page. >> hey, how about you help me do my job. you're going to put that right before me. 63 in santa rosa. i'm going to need a little bit more of that. 70

we'll be talking about michael kors. >> listen in. >> thank you. >> thank you, mary. thank you, jan. >>> jan rodgers-datsun, appreciate it. >>> did bill gross really threaten to quit pimco? >>> and some expert stock pickers. >>> and the biggest and best are getting together tomorrow. and in our hour, it is a biggie. u.s. attorney and lawman of weight p relate eet bharara will be here for a vire interview. you won't want to miss it. thank ythank you for defendiyour sacrifice. and thank you for your bravery. thank you colonel. thank you daddy. military families are uniquely thankful for many things, the legacy of usaa auto insurance can be one of them. if you're a current or former military member or their family, get an auto insurance quote and see why 92% of our members plan to stay for life. oh i knew i forgot something... i'll just do it now. well, we're boarding. no, i'll use citi mobile. takes two seconds, better safe than sorry right? yeah who knows if we'll even get service on the islands? what! no service? seriously? no electricity, we're going to make our own

modified its policy and made overseas an option when no adoptive parents could be found within south kororea. this only applied to babies under five months old, however. in 2010, the mothers finally began making themselves heard after forming the country's first ever unwed single mothers association. the women hold regular events in the capital. >> hello. >> this particular event held in may 2014 was organized by the association with the support of other groups to try and improve public understanding of the situation many unwed single mothers face. the mothers talk about their experiences in front of the general audience. events such as this are sometimes also held before university students or obstetrics professionals. shin soon hee is an unwed single mother and member of the association. she has a 5-year-old daughter who she originally considered sending for adoption overseas. at the introduction of reverend kim she's meeting with a woman who returned after being adopted overseas. shannon was raised by family in the united states and found her birth mother a year ago. she married a sou

. >> are companies that people like here, consumer is spending, a company like michael kors is based here in u.s., they separate their business from retail, wholesale, and licenses must is here. charles: ironic looker i am michaeinmichael kors, i think is european sales. >> russell has been holding on, that represents small cap america and what is going on, this is moving on. >> if you looking for a company with global 1 tent act els what would make your decision. charles: caterpillar, and whirlpool. this quarter could have been a hiccup, maybe not, it is interesting that americans are not invested in america. all my patriotic friends who stop me on the street all of the time tell me they are so afraid of the rest of the world. what do you got? >> stocks that i own, eagle materials, they came out, record first quarter revenue. they came out last night after the bell, stock up 5% today that is an example of investing here, 40 facilitys in united states, if you believe that housing will go up that is it. charles: home run fever, two huge winners today. so, today, i got a couple ideas f

the near term markdowns that michael kors is doing in the summertime. today. >> we've got more movement in oil and gold. oil is below $100 a barrel as of today. gold is below $1300 an ounce. look at crude at 99.36. trey, you're big on this. what is going on with this? >> i'm surprised to see the crude action this weak. seasonally this is not supposed to be happening this is driving season. this summer time. when consumption is typically ramping itself up. i talked a lot about my macroeconomic ideas. i like productive assets. when crude oil pulls back, get involved in things that own crude oil, gas wells, things like that? pullbacks are buying opportunities in productive assets. oil wells are one of them. stuart: i will stay with you for a second. we're talking about the deficit. new numbers from cbo says we'll rumble around 500, $600 billion a year. in 2018 it explodes because of entitlements. what is going on with that one, trey? >> this is a story that is like turning a battleship. we all know it is coming. we all know what direction is heading. absol

new line michael kors, i might be on board with that one. adam: all right.of last year investors put more than $190 billion in etf's, but this year inflows are already shattering last year's numbers. at the halfway mark etf's has seen inflows of almost 74 billion versus just about 68 billion at this time last year. cheryl: what exactly are investors putting their money and cracks and where will the money going to second half? time, 20 right into this because you are talking about gold and you are saying gold is one of the hot etf's and you like this. let's talk about this. >> not only gold, but more and poorly gold miners. the evaluation of minors compared to us developed markets is tremendous, but it's been unloved and in those areas they tend to get more money and that is what is happening so far this year. we have had about 74 billion dollars in new money coming in. gold miners is one area. also global real estate is another area and developed markets specifically europe and vanguard really own the best performing etf in that area where they have gained $

. >> kors. >> uup. >> joey? >> crus. >> ocn. >>> bye-bye. power starts now. >>> halftime is over. the second half of your trading day begins now. >> scott, thank you very much. indeed the second half does begin right now. it's been an interesting first half, a big rise on the open, then the fed chair janet yellen grilled on capitol hill. stocks dropping alternates bit. she says the economy continues to improve, but the recovery isn't yet complete. i think we kind of knew that. what this means for the fed for rate hikes and when. for the economy overall, and most importantly for you and your money. >>> big warning coming from the federal reserve. both sectors getting bruised today on fears they may still be a little bit overvalued despite a recent drop and it's been a fairly substantial one. is there money to be made? if so, where. if there is, we'll tell you about the next big catalyst. this space is really heating up. >>> plus an exclusive interview with the economist, yes, the economist, who is behind the u.s. soccer, the national team. why he may be the man to bring the world c

that is kors, kate spade, underarmor, vf corp and deckers. those are the ones we stick with.like any other sector you have got to be a stock-picker here. what do you look for when you say we do like underarmor which by the way has done pretty well? it is well off its 52-week low, i belief was $29. look at it today, 61.60. liz: we like underarmor for international growth opportunity. they're building out their footwear presence this. is new category for them, restarted from a couple years ago and they're really gaining a lot of traction in the market. athletic is a huge trend, athletic footwear. liz: whether underarmor, vf corp or deckers outdoor what do you think of or look for any name that you say we like? >> we love to see market share and categories outperforming such as athletic. we love anything cold weather right now. it was a very cold winter last year. retailers will start to build back inventories. they were caught a little light last year if you recall. people couldn't get boots in new york city. they will build inventories for this year. we love everything with a

opposite story for michael kors, that stock down for the second day in a row as stern ag and barkleys reduced their price targets for the high-end retailer. both firms siting increased promotional activity that could put pressure on margins. shares tumbled to $79.44. >>> john and johnson reported earnings topped by sells of the hepatitis c treatment. the company cautioned the pill will lose some steam later this year as newer rivals come to the markets. still, shares were about 2% lower today. they finished at $103.28. >>> you may not know about mash, it's a liver disease that affects many americans. with no medication on the market, it's being referred to as the new help tpatitis c beca treatment is expected to approach $40 billion. more on the dash to treat gnash. >> reporter: you probably never heard of it but some say it could become the next global epidemic, nash is a progressive liver disease often associated with obesity. drug makers are eyeing a huge and still growing potential market. >> the is probably 6 million, 6.5 million people with scarring or harding of the liver conse

the sectarian attack on shia muslims took place in kor province. the passengers may have been rushing from a wedding party -- returning from a wedding party. >>> a correspondent from t"the washington post". he, his wife and two other photo journalists are being held in iran. he has been credited as a journalist in iran since 2008. >>> the family of the al jazeera correspondent peter greste launched an appeal against his conviction. he was convicted alongside baher mohamed and mohamed fadel fahmy, after being falsely accused of colluding with the muslim brotherhood. >> reporter: verdict were announced around the world. a month on from the scenes, al jazeera correspondent peter greste said he would appeal against his conviction. his brother made the announcement at a news conference in australia. >> our family restoefld work tirelessly towards recording peter's freedom and assert its images. we acknowledge the support offered by friends, members of the public, the media, international community and politicians and diplomats. we need to recognise that

d builngs in kor's in a more complicated history and of how quickly things can change. lucy williamson, bbc news, seoul. >> income and equality. politicians invoke these two words every day but they can't seem to agree what to do about it. today the u.s. unemployment rate dropped to its lowest level in nearly six years and dow jones closed above 17,000 for the first time ever, despite those fireworks launched to celebrate the moment, however, the gap between rich and poor is still widening here. new york's mayor is among those trying to tackle the problem. but as the bbc north america editor reports, not everyone is on board with his approach. >> new york, magnificent from a millionaire's window, can look rather different at street level. never mind occupied wall street, the left occupy city hall. these demonstrators see fresh hope in their new mayor, elected on a promise to tax the rich and stamp out inequality. bill deblazzio is passionate. >> literally we're fighting for the soul of new york city. we're literally fighting to make sure all that is great about this pla

it's the first visit to the kor reanypeninsula as a head of state, and a snub to north korea a country beijing has backed in the past. harry fossett reports. >> reporter: the president we welcomed jinping to south korea. they've known each other for decades. the president was the first chinese leer to prioritize a trip to seoul ahead of going to pyongyang, they used similar language about north korea. >> translator: realizing denuclearization and maintaining peace and stability are in line with the members. they should resolve the issue through dialogue and consultation. >> reporter: the recent missile firing is a sign of the displeasure and a public snub by the traditional ally. >> translator: under circumstances with north korea launched missiles again while not dropping the nuclear threat to president jinping's visit is a clear message about denuke layerization. >> reporter: the talks centered on trade. south korea is reliant on china as an export market, and they committed to wrap up free trade negotiations by the end of the year. they oppose the move by japan to reinterpret the co

. >> number three, michael kors. it seems to be falling out of fashion.t performer yesterday with shares falling 4%. kors is extending those losses in the premarket. >> number two is jpmorgan. posting second-quarter profit that beat analyst estimates sunday shares higher. the results were driven by a smaller than estimated drop in fixed income revenue. >> and johnson & johnson is our number one stock to watch. er raised its earnings forecast for the second time this year thanks to the strength of his new hepatitis c drug. be sure to watch our special inside j&j covers all day long. at 1:00 p.m. eastern, an exclusive interview with the chairman and ceo alex gorsky. now on to the call on the markets. i want to bring in the cofounder of an investment group. paul, focus on the number of upward analyst provisions that have taken place ahead of the earnings season which he says could be a negative for stocks. you saw that upward revisions outnumbering the downward. >> in the month leading up to earning season, we track it. we're looking at the number of positiv

no thanks that, is the response to time warner that would have put fox news and cnn under the same korit roof the by the lit a fire on wall street today. dow gained 77 poents and nasdaq rose nine. apple agreed to pay $450 million to settle a complaint it conspired to drive up e book prices. according owe documents most money would be returned to e book buyers unless returned on appeal. >> if you get movies from netflix on dvd, netflix stopped mailing out movies on saturdays, saving $14 million this year >> saga continues in battles to keep san francisco city college from closing achlt judge today ruled a hau suit4cv against the accredisting commission with move forward. that commission offered city college two years to meet accrediting standards but the trustees are wary of the offer. >> i think a lot of us are concerned it might not be a full two years that there is room for interpretation in there. so i'm glad and grateful it's going forward. >> it claims the commission acted unfairly and in conflict of interest against city college. >> we have more still to come tonight. just ahead,

no thanks that, is the response to time warner that would have put fox news and cnn under the same korit roof the by the lit a fire on wall street today. dow gained 77 poents and nasdaq rose nine. apple agreed to pay $450 million to settle a complaint it conspired to drive up e book prices. according owe documents most money would be returned to e book buyers unless returned on appeal. >> if you get movies from netflix on dvd, netflix stopped mailing out movies on saturdays, saving $14 million this year >> saga continues in battles to keep san francisco city college from closing achlt judge today ruled a hau suit4cv against the accredisting commission with move forward. that commission offered city college two years to meet accrediting standards but the trustees are wary of the offer. >> i think a lot of us are concerned it might not be a full two years that there is room for interpretation in there. so i'm glad and grateful it's going forward. >> it claims the commission acted unfairly and in conflict of interest against city college. >> we have more still to come tonight. just ahead,

>> reporter: search and rescue teams continue to scour the area in and around joshua tree for aaron kor when. >> think felt it was necessary for those investigators to get involved early on in the investigation. and they said that there were some suspicious circumstances. >> the missing 19-year-old is said to be 3 mths pregnant is is married to corporal jonathan wayne corwin. missing on sunday. she left base saturday morning to scout a vacation for a family outing and never returned. her car was found on monday still in in area. >> they are oking in thatrea for any possib evence anything that might indicate her whereabouts. >> aaron's family has set up a facebook page called locate aaron, asking for the public's help but they turned down our request for an interview. investigators say there is no indition ofoul play was involved bothing has been ruled out. >> they found no evidence that leads them to believe that a crime has occurred. but she's still missing. >> investigators have not named the boyfriend in this case as a possible suspect. and friends say he's moved back to his home sta

tiffany and the best performer in the group, michael kors. mistake i made with the gatsby index, yes, i acknowledge my mistakes. that's the only way to have credibility. we need a mad money made index that worked. talk about the danny meyer hospitality index. in february 2009 in the depths of the great recession, danny meyer, shake shack, came on the show with a bull claim. he said companies that treat their employees well and connect with customers would perform better than companies that don't. he called it the hospitality quotient. gave as list of stocks that mastered the art of hospitality, chipot chipotle, whole foods, men's warehouse, southwest airlines, mattel, google, bed bath and beyond, costco, brown-forman, goldman sachs. it's amazing to see how well his premises worked. s&p 500 rallied 39% in the five plus years since then. the danny meyer index left the s&p in the dust, average stock roaring 380% higher. why has the meyer index done so well while the gatsby index has done so poorly? the gatsby index was all about trying to measur

on big business and the xm bank, they say, panders to lobbyists, picks winners and losers and helps kor s corporation instead real americans. welcome to the real world of globalization, where every other major government supports its companies. to cut this one institution that does that for american companies would be unilateral disarmament. it's not as if the chinese will watch america and say, oh, right we should be purists and end all our subsidies. no, they will simply laugh all the way to their state-funded, well-subsidized bank. >>> later on "gps," more on jobs. we'll take you to a town where an unemployment rate that's half the national average. >>> but first, do you love soccer? do you hate it? either way, you will want to hearty peter bernard explain how america became a soccer nation, and why ann coulter is right to be worried about it. by the freshness of the mediterranean... or the smoky spice of the southwest... or bold, adventurous thai flavors... ...you always get flavor that's anything but flat. and always with chicken raised without antibiotics. new flatbread sandwiches

four years ago when women stopped using coach and started buying michael kors guess what stock is like this and that? neil: are these hand bag names. >> hand bag names. i got one for you. they did the taste survey for you, consumer reports. the worst chicken shop was kfc. neil: no? >> the worst. according to consumer reports. the best was chick-fil-a, number two was popeye's. over the last five years someone went to a popeye's and said i love this chicken, and told ten family members about it, i guarantee they didn't buy the stock, it's up 5 -- 550%. neil: sometimes it's word of mouth and their own experiences and putting their money where the mouth is. >> connecting the last dot. i got to tell you wall street spent 100 years making us afraid to connect the last dot. neil: charles doesn't have a prompter, he wings it all himself. kind of like me, if you keep moving up here. guys? hello? hello? impeach the president? don't you know, this lady is don't you know, this lady is really... so our business can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our cl

ralph lauren, michael kors all being paid more. clearly they are not the standout when it comes to luxury. if you look at some of the other , these arehmont companies that are really outperforming. you have to dig into these numbers a bit. >> it is interesting to compare how much they make when they are founder and designer as well as ceo. caroline, thank you so much. and as olivia says, we have some great guests coming up. >> we are talking about the fed. tap?hey turn off the the end of qe appears to the insight. we are going to tell you all about that and why janet yellen things investors may be too complacent about volatility in the market. ♪ to "the pulse." india is getting its fiscal house in order. narendra modi's government is keeping the budget deficit target unchanged. he was speaking today, unveiling the terms of his budget. here to discuss is the head of asia at mabel kroft investing. thanks so much for joining us. this has been hailed as the budget of hope after modi got this huge mandate and a resounding victory in the

. >>> good evening, i'm steve kor kornacki in for chris matthews.

michael kors downgraded from neutral from outperform, the firm also cutting the price target to $98 fromhas the stock off almost 1.5%. >>> new safety tests give mixed reviews for electric cars. phil lebeau is behind the wheel for us in chicago. >> these are a fresh tests actually done on a number of small vehicles. the overall tests are designed to see how the occupant safety handle it. the volt held up better than the leaf. what's interesting is the conclusion that the insurance institute reached regarding the battery compartments of these two vehicles. you this now the fifth round the tests involving the leaf and the volt in which the battery compartments were not compromised despite the fact these are violent collisions. the person who runs these tests, he says it's clear that these battery compartments are over time showing they can withstand serious collisions. >> i've not seen any compelling evidence that there's a systemic problem with electric vehicles on the road. i think what we see in the media are very high-profile, very severe real-world crashes with vehicles are literally r

. >> michael kors gets a downgrade at baird reflecting increase risk to revenue and margins in north they just went public the other day. and what a high flyer it's been -- >> that's an overall handbag call. they say handbags are soft. i feel like every time you say something's soft, you get this reaction of everyone feels, i thought it was soft -- be aware that people turned negative on kors and therefore the expectations are much lower. i don't know. i feel like that that's just a football stock at this point. i want to mention, a stock that i had -- a company i had on recently, edwards life sciences, leader of the s&p right now. this company has a remarkable device that requires you not to crack the chest cavity in order to put something in it. it's for people over 50 to 100. the way that we're going to be doing business. they came on, they're very non-promotional. this company is a juggernaut because they have the better mousetrap. just putting it out there. it's the number one performer on the s&p right now. >> did want to mention shares of family dollar getting back to our big

michael kors is up an average of 7% the day after they report earnings. they were also up 17% in february when they reported strong holiday sales and raised their profit forecast. they have gone up four consecutive quarters in a row. the second biggest gainer for four straight quarters is a video game maker, posting an average of 9%, so a very good average beat. investors express optimism that ea's turnaround efforts were actually taking hold and its focus on digital business would yield some results. this stock could rise another 5% in the coming months, and the single biggest gainer in the s&p 500, again for four straight earnings reports that were positive in a row is, believe it or not, pitney-bowes, which is up nearly 12%. investors have been rewarding this company for sales gains in the digital and eamericas businesses, also the enterprise business solutions. so they companies have not only beaten average by huge, 7 to 9%, but have done so four quarters in a row. stay tuned. later on this hour we're going to show you the biggest consecutive losing s

even michael kors, is a time getting attention. down 2 1/2% in selling. not confidence in shoppers.raffic in the stores and the like. cheryl: despite the selloff from today a few names are hitting 52-week highs. >> right. bring it on. what is interesting, at least for freeport-mcmoran which actually hit the high, it has since pulled back but archer daniels midland, 2.6% to the upside. sanderson farms, names hitting new record highs. that worth at least noting, 52-week highs. adam: speaking trading higher, united continental buck the trend, fasten your seatbelts. >> no doubt. people were really surprised at this move, adam. up 12.8% on a day of pretty crummy market. [closing bell ringing] great numbers out of united on heels of american yesterday. adam: bells are ringing on wall street. let's look how stocks are finishing the day. you can see the dow, although down 70 points hasn't settled yet. we fought back as cheryl pointed out from being down 180 points. you have nasdaq down 22 points. s&p down eight points. we still have guests coming up who say, hey, s&p 500 and 2000, even 2100

>> caller: hey, i'm calling about fleet kor tech. >> yeah, that company is doing fabulously well. go to john in florida. john? >> caller: hi, john. >> good to hear from you again. >> caller: good to talk to you. jim, this stock i'm interested in, positive news on the drug trials and its price. the stock is elixir. >> they're beating the heck out of that thing. you know what? i think it's a decent spec. i do. what we have seen over and over again, these are like puma. they have nine lives. let's not give up yesterday. i think it would be a mistake. ed in new york. >> caller: yes, mr. cramer, how are you? >> real good. how about you? >> caller: good. i'd like to thank you for the insight and advice. you had the ceo of the -- organization on. it went up a couple of dollars. i was -- now it's down -- >> people have turned turned turned on the aerospace cycle. they have decided there are too many planes. they have decided that air lease is going goat hurt. they decided the aircraft manufacturer will get hurt. i don't believe it. i think the whole thing is a giant pause. i'm going to ur

it's caught on with companies like garmin, michael kors, carnival and nielsen, pfizer had a deal to invertl through earlier this year. walgreens is thinking of heading through foreign shores. the loopholes becoming so popular, congress' joint committee on taxation says the government is set to lose $19.5 billion in tax revenues. joining me assistant manager of "fortune" magazine lee gallagher. inversion, the topic of "fortune's" cover story. it's perfectly legal. even though companies are picking up and leaving, they can still reap the benefits of the u.s. system? how does this work? >> it is perfectly legal. it's called inversion. our writer alan sloan who wrote the article calls it desertion. he calls these companies deserters. it's been legal, but we are seeing more companies do it. nothing changes physically. you might still see the headquarters on whatever parkway in whatever city or state they are based in the u.s. or were, but it's about the financials. what we find is so questionable or wrong about this is these companies are drawing from so many benefits that you get when you are

. >> kors. >> uup. >> joey? >> crus. >> ocn. >>> bye-bye. power starts now. >>> halftime is over.s now. >> scott, thank you very much. indeed the second half does begin right now. it's been an interesting first half, a big rise on the open, then the fed chair janet yellen grilled on capitol hill. stocks dropping alternates bit. she says the economy continues to improve, but the recovery isn't yet complete. i think we kind of knew that. what this means for the fed for rate hikes and when. for the economy overall, and most importantly for you and your money. >>> big warning coming

. >>> good evening, i'm steve kor kornacki in for chris matthews. senator rand paul talked about poverty during his speech to the national urban league this morning. >> the poverty problem it's not new, and it's not going away easily, black unemployment still twice, white unemployment. i don't accuse the president of not caring, i think he does care, that's why we have to talk about policies, it's just about caring, there are people in both parties who care, we have to come up with a policy that does better. >> he's certainly not alone. the washington post reporting today, the last time republicans began running for president, there was a race to be the most confrontational, the most unbending. mitt romney said he was severely conservative, he got caught mocking the 47%. perry called the federal reserve treasonous. what a difference a disastrous election. two years and terrible polling make. 2012 was a contest to be the toughe toughest. it's likely to include a competition to appear the most compassionate. jeb bush talked about the need for compassi

that's getting them out of their kor competency.s this suggest that their business, their core business they' got as much out of it as they can? by the way, the environmental, they' got a clean harbors competition over there. so you've got to keep watching this. what will the organic growth be for their core business? >> not on my radar. >> now it is. brian, over to you. >> thank you very much. all right, coming up, a tech stock that's getting hit today. maybe going even lower. the name and who's saying that coming up. >> plus, brian it has been the word on our show. these popular ads just ahead. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ [ radio chatter ] ♪ [ male announcer ] andrew. rita. sandy. ♪ meet chris jackie joe. minor damage, or major disaster, when you need us most, we're there. state farm. we're a force of nature, too. ♪ we're a f

you know michael kors has sunglasses. anna wintour, she sits at all the shows.h sunglasses. and i sort of have tourettes of the eyebrows. [ light laughter ] >> seth: oh, i see. i see. your eyebrows give you away. none of those are positives. [ laughter ] there you go. positive are where they're erect. >> you know, i want to support their creative endeavors, but i want to be realistic with them. fashion is grueling, it's hard. sometimes just have to tell people as it is. >> seth: and telling people as it is one of the things you do very colorfully. you have had sort of colorful comments about people's designs. and we thought it would be fun. here's what i want to do now. i'm going to read to you off a card -- these are things you said to contestants on "project runway" -- >> oh, boy. >> seth: or things our writing staff wrote. >> okay. new twist. >> seth: for instance, one time, this is just -- to set this up, one time you said a dress looked like a coffee filter. >> okay. that's not so bad. >> seth: that's not so bad. >> i don't think so. i've seen worse. >> set

if you don't believe me, meteorologists are in kill devil hills, north kor s north caroli check in withachado in wrightsville beach. andrew, i want to start with you. give me the track and let me know how things are looking at this hour and how they'll look for the next nine. >> you know, these just continue to get windier and windier out here. one of the things i want to stress right away is we have a tornado warning. i know we're talking about hurricanes but we have a tornado warning just seven miles east of southport, north carolina. this confuses people. you have these winds that go over the water, doesn't have as much friction as when the winds hit the land and that allows these tornadoes to spawn up. that's the concern in addition as we go through today. let's talk about that track. we're still talking about the center of arthur well to the south of where i am here in the outer banks. but it is expected now to strengthen to a category two hurricane in the latest update that came out. that's expected to come in overnight tonight in through tomorrow morning. then it's expected to co

whenever you see that and we see it or mon than kors, you start saying amongst yourselves, on social media, if we were just standing here, why is that? in other words, who did they get body language, company comes out and says no way, we take very seriously. they said they didn't do that. >> why didn't you call them before you put the piece out? >> good point n retrospect, i suspect i should, this was the news cycle, it was happening in the moment and this was a commentary blog where i just basically give you my opinions and may -- >> editorializing. >> which is all it was. so we -- and i was just wondering, i wasn't stating it as fact. by the way, i should point out, several other analysts the next day came out with negative commentary, then an analyst came out saying the company told her that's the no the case and you've had several other reports saying so by the way, saying it's no the a problem, you're going to see some real potential when earnings come out, august 5th, because you have got two distinct opinions on wall street over the stock. >> you should have called them f you

but if you line them up to other still payshael kors its chief executive more.what happens when you get to this kind of level. you start talking about how this is an international market, not just in the u.k. and you have to be able to compete. >> talk about bailey's strategy. we don't want to sound too in ti-pay.-- too an meant toquarter, he is outperform the rivals. it will come down a little bit compared to the previous quarter. we are expecting about 8% growth. that compares to 12% in the previous half of the year. but it is outperforming other luxury peers. sterling strong and emerging markets has been where an awful lot of demand has been for luxury clothing. we have had a lot of weakness in some emerging markets. you get less bang for your pound, less bang for your buck. this is a company that has taken risks that have worked. they are far more fashion forward in terms of digital, keen to embrace social media, targeting the younger audience early. analysts say that is a great strategy. asia sales are to improve, particularly in china. the concern is less