michael kors -- >> as of this morning?aybook that we've been running on so far this year, it's gone straight down. i mean, i bought it, it's gone straight down. now the fact that i'm getting out of it today means it'll go straight back up again at some point. from a risk management standpoint, when something goes down as quickly as it's going down right now, you really have no reason or understanding why does the expression -- >> what went wrong? >> i have no idea. it's a bad trade. i don't to want manage the money. >> i was shopping this week, and i know there's no comparison to this, i think it's a worthwhile observations, there were tables and tables and tables filled with michael kors and ties that were 20% off, 50% off, that's a radical change from the band even a year and a half, two years ago for christmas 2013 for example, and now you're starting to hear about the accessories, which was supposed to be unimpeachable popping up in places like t.j. maxx. >> the minute you're a publicly traded fashion company, you need

so what was wrong kors? simple, that sales figure may look good in absolute terms, but relative to the numbers michael kors had been putting up in the past it was pitiful. down from 16.4% the previous quarter and 24.2% the quarter before that. in short, the same-store sales growth at kors is decelerating and decelerating dramatically, which is why the stock's been getting pounded for the last year, and why it will keep falling until the numbers stabilize. let me give you another one. genses gen gensco. that was an incredible acceleration for the previous quarter, the quarter's 3% growth. how much did this thing go up? wrong! genesco stock got slammed. down 7.3% the next section. i think a lot of the weakness had to do with the company's guidance, given that they forecast just 3 to 4% same-store sales growth for 2014. in essence, genesco said it's as good as it's going to get for us and the numbers will get worse going forward. that's not what we want to hear. the guidance screamed at genesco, you've seen the

and kors is it everywhere is it fallingous of favor. some concern that kors is promoting more.nity to take a look at kors. the multiple is 14 times. coach is trading at over to times right now. i would also argue with coach getting less promotional, which is actually hurting coach sales, this could help kors. this will help them not be forced to get out there and overpromote. so i think that's probably one of the most interesting names out there. >> all right stacey. going to leave it there. thank you. >> thanks, melissa. >>> coming up the one stock greenberg says should not have gone public. next. southern california increasingly is becoming the king of bonds. think about this. a newport beach, you've got janice capital, bill gross. he's right next to his old firm at pimco. and downtown l.a. double lines jeff running more than $60 million. he's increasingly moving the partner. scott helping run more than $200 billion. don't forget about tcw. they've got more than $130 billion in fixed income and all operate right out of here. yeah i know. you can forget about all the power and

we are kor ingtian colleges. >>> for years, corinthian colleges, inc.g students in. with false promises and profiting off predatory student loans. now the federal government has dealt the for profit operator a maim major blow. they're fining it $340 million. cutting some of its access to student aid, alleging they inflated job placement rates as part of its pitch to prospective students. they found almost 1,000 examples of misrepresenting placement rates. in one case a campus allegedly classified a 2011 graduate of an accounting program as employed in the field, based on a food service job she started at taco bell in 2006. in a statement, a spokesman called the government's accusations corruptible. they brought in 85% of their revenue from federal student aid. last june the department of education restricted kor ingtian's access to federal aid, forcing the company into an agreement to sell 85 of its campuses and close 12 others. the consume financial protection bureau later sued and two months ago, they reached a settlement to forgive $480 million in pr

. >> a drop for michael kors. >> down 17% year-to-date.e limelight np mo one likes it in retail. it got a downgrade today. more room to the downside. not time to buy kors yet. >> a pop for splunk up 2%. >> here is one we were just talking about ibm, talking about potential big data acquisitions. this is a name that's often rumored. there are no earnings. it trades at 13 times sales. i don't know how a company like ibm so justify to their shareholders to get into a space they kind of already are. but the stock is based very nicely. if you think we can see a continuation of momentum the stock could look decent up to 70. >> a pop for china mobile. >> credit suisse very bullish on the entire sector china mobile being one of those names. this name as the buildout of the 4g and the use of data all that sent the stock to 52-week highs. i think they have room to go higher based upon what i think is going to happen with apple. >> and a pop for ben and jerrys. rolling out ice cream -- the ice cream burrito at local scoop shops. today marijuana fans

michael kors had a fashion show in an empty space.t the music on and when the music goes on at the fashion show, anything not nailed down moves will stop the ceiling came down and they brushed it off and kept walking. chunks of leicester landed in the laps of the fashion editor of "the new york times." they wrote the next day that they live for fashion but they don't want to die for it. mark: the business of fashion -- how does it balance need to be trailblazing with the understanding successful businesses listen to what their clients want? fern: a successful business should listen to what clients want. some listen and some don't. the ones who listen obviously listen to their customers. the best ones in the ones featured in my book are the ones who spent their life going to trunk shows and working hand-in-hand with their clients, knowing what they want and making close that self -- making clothes that sell. mark: what do you think of the rise of fashion bloggers? do they have too much influence? fern: it is the future. we cannot ignor

they have three men in custody after shots were fired in an under kor operation in the area of foothill members. >> great news for the family of a petaluma native. spencer dickinson called to say he is safe after surviving the earthquake in nepal. he was hiking when the quake hit. his family fearing the worst had not heard from him for several days. >> a night time curfew and no major incidents overnight. they used tear gas to linger and arrested ten people. monday 235 people were arrested after the funeral of freddie gray a black man who died in police custody. >> jerry brown just issued an executive order to aggressively reduce green house gasses by 2030. they reduced emissions by 20% below levels over the next 15 years. the rules are to curb global warming. >> the 17th match play tournament will begin at tpc park in san francisco. last starts at 3:00 p.m. tickets are still available and children are free with a ticketed adult. >> if you are heading to bart low to mitt mid 60s. if you have cloud cover out there, look how calm the bay water is for your water taxi. almost the same color

. >> reporter: the armed robly took place at a lis kor shop behind me. the shooting took place behind this building. the yellow tape is still up. investigators are on scene. this is the city's first officer-involved shooting in two years. police responded to an armed robbery at the sunnyvale liquor shop. an officer-involved shooting. initial reports detailing the frantic moments that led up to it. >> he's got the knife. i'm on the east end of the store. get your hand in your pockets? >> within minutes the confrontation turned deadly in an alleyway behind the store. the suspect, a white man in his mid 20s was shot by the responding officer. taken to a local hospital and declared dead. investigators spent the afternoon combing through the sen. >> we're still investigating what went down. the suspect was armed with a knife. a shooting occurred. a knife was located at the scene. >> nearby business owners say the area is safe adding they've never seen anything like this before. >> we've had ours matched once or twice. but just petty things. but nothing near l

joining me now is steve kor kornacki. >> 14 count indictment. this all started about two years ago.fter murky situation when it started because there were false reports about menendez using underage processstitute prostitutes. but people were turned on to this relationship with melgin. the allegation is that menendez used his position in the senate to do government favors on behalf of melgin while he was receiving lucrative gifts like travel. the thing to keep in mind about menendez is he is different from most senators. menendez has never been that kind of a senator. he comes from the most expensive media market in the united states. he needs a ton of money to do that. he doesn't come from money. he doesn't have a lot of money. >> his story is a great working class, up by the boot straps story. >> he had the incentive to cultivate these kinds of relationships, to cultivate relationships with people who had business interests, people who might want something from him, but people who also could give him big campaign cash or pay for his travel to a place that he couldn't afford so he

eva kor's parents and elder sisters died at auschwitz.spoke about what seeing grÖning on trial meant for her. >> it meant a lot physically and i'm sure emotionally. i think that in one respect maybe the man was functioning at that level he's doing his stress best. it's a very long day. >> in previous interviews ten years ago oskar grÖning chose to speak about his time at auschwitz, and he put it to those who opposed that exterminations ever happened there. but now his trial has heard he accepts his own moral guilt. dominic kane, al jazeera, berlin berlin. >> at least 11 people have been killed by a car bomb in somalia capital and several others have been seriously injured. a vehicle rammed into a mogadishu restaurant and explode: somali soldiers are among the dead. kenya's government is offering a ten-day amnesty for al-shabab fighters to hand themselves in. after killing 148 people at garissa university earlier this month, we have this exclusive report from somali town. >> on patrol of the border between kenya and somalia. this is the ne

again, back to michael kors we think they continue to be promotional.gins, 30%, those have risk to the downside. the gap, which will report comps later today, a good comp because of the easter shift and weather. but their inventories, though lean seeing more mark downs. specific channel by channel. >> how sensitive is the consumer to interest rate rises at this low level? >> it's tough to say. there's no real -- we've tried to back test it look at correlations. it all over the place when you look at it. it's a difficult question to answer especially consumers on the low end, burlington ross. you have the super high-end. a lot of vashlt. >> the level of the stock market? >> the level of the stock market is a good thing for the high-end retailers, it gives more disposable income to those, you know, go in. >> having had gains, phenomenal gains over two, three years in the stock market are you in cumulatively then or do you need to see further rises. >> i think where we are, it's all beneficial. and i think when you talk about that kind of impact that's mor

could have pockets of moderate rain along the 270 and i-95 kor dors.s is part of a larger system that brought in an abundance and will do so again today. there could be severe weather up here across the plains states. out ahead of it we have that cold air in place. just enough to make a couple of snow flakes out there. again, no accumulations being reported. but nenonetheless the high spots here right along the crest of the blue ridge. skyline drive. could be some snow flakes to be spotted up there. there's storm team 4 radar. light rain showers now. and this light patch is coming to an end. good rid dance to it. nobody is all that happy about snow flakes in april. have your storm team 4 weather app for later on in the day. you can have theup dated image in your hand. for tomorrow increasing confidence the rain should be done before lunchtime tomorrow. and we should start to get some sunshine back tomorrow by tomorrow afternoon. fingers crossed for that after this nasty morning. here's your seven-day forecast now. 50s requestwith the rain moving in tod

i'm talking about the 4.5 million shares that one of my favorites kor ree sows is now at 55. 6 millionhares sold at 108, 35 million shares the desperate whiting sold at 30. now 37. and that's what a bottom looks like. not this current action where many of the oil stocks have shot up to where they were when crude was 90 bucks. that's right, 30 bucks higher than where it is right now. in bad times exxon doesn't do that badly and in good times it does fine. but it's not a tell of anything. the real bell rang three months ago when the smartest man in the oil patch rich kinder laid down $3 billion to buy the most prime asset available at a moment when crude was in free-fall. that was the most exquisite of timing. everyone else, well, let's just say there's strictly johnny come lately. let's take some calls. let's go to ryan in california. ryan? >> caller: fly eagles fly, jimmy. >> well, we'll see tonight. we'll see tonight. what's going on? >> caller: absolutely. hey, you know, i spread my bets a little bit across midstream integrated and the oil services firms but i'm looking to make a fun

. >> michael kors down 3%. >> this is a name i really like. down on a report today talking about slower north american growth. i would say that with the stock having moved from 100 to 64, that that is already priced in. >> why do you like this stock so much? it was a great performer. and then it sort of fell out of bed. and the momentum's gone. >> the momentum's gone, but the valuation, it's never been remotely close to a valuation like this and it's got a huge amount of cash. the rate of growth is slowing, but growth is still there. >> drop for delta, dan. airlines got downgraded today, too. >> listen, i don't like this trade, the long trade here. obviously, they've been a huge beneficiary of oil here. oil up 4% today. delta was down 4%. i'll just tech you, technically, there is a situation where you have weighted momentum. a series of higher highs and lower lows. i especially don't like united. >> go pro. >> this is a controversial stock. down today because still on these concerns that there's going to be competition from xiaomi and from oth

lemonis: lynne hiriak, who's worked with great designers such as michael kors and derek lam, is gonnaork directly with noemi to help courage. b establish a real retail-brand identity. now that we've ensured that our designs are gonna be taken care of by an experienced designer, it's now time to fix the quality. woman: hi. how are you? lemonis: going forward, we will only be sourcing the finest fabrics for our collection. feel this. noemi: oh, my god. lemonis: this fabric is a higher-grade fabric than we have today. noemi: yes. lemonis: we charge $99 today for a product that, labor and material, costs us about $11. noemi: mm-hmm. lemonis: if we go to $22 or even $25 -- lemonis: in order to increase the margins in this business, we have to increase the quality of the product. today, the duster is made for $11 and sold for $99. i believe that if we dramatically change the fabric and the stitching, all the fit and finish that goes along with it, we'll be able to charge $145. the new cost will probably be around $25. that gives us a net gain of $32. we're gonna be instilling this philosoph

looking at michael kors and kate spade, looking to see if there are too many discounts for luxury namest. gold up 20 bucks, we're seeing gold stocks i here, names as newmont mining and the like with up arrows. "varney & company" up next. fficult. if you have copd, ask your doctor about once-daily anoro ellipta. it helps people with copd breathe better for a full 24hours. anoro ellipta is the first fda-approved product containing two long-acting bronchodilators in one inhaler. anoro is not for asthma. anoro contains a type of medicine that increases risk of death in people with asthma. it is not known if this risk is increased in copd. anoro won't replace rescue inhalers for sudden copd symptoms and should not be used more than once a day. tell your doctor if you have a heart condition, or high blood pressure. tell your doctor if you have glaucoma, prostate or bladder problems, or problems passing urine as anoro may make these problems worse. call your doctor right away if you have worsened breathingest pain, swelling of your mouth or tongue, problems urinating or eye problems including

michael kors taking a hit, with mizuho downgrading them.ys the survey does not look good for future sales >>> callaway moving higher. jeffries with a buy rating. >> you know what else is up? oil is up again to the mid 58 buck range. we're at 58.20 right now, but oil still up 22% just this month. believe it or not it has already been five years since the bp oil spill. die spite concerns the space of oil production is rising. jackie? >> reporter: let me give you the main takeaway. people we spoke to said things will never be the same after the deepwater disaster. it's just the way business is being done is changing. not only for big oil and seafood, but also in terms of tourism. what we do now is it's 20 to 30% less official right now to produce out of this region on an offshore platform. there are any well design rirms in place, also increased of blowout prevention is necessary, and more mo are projects are continuing. we do know there's about five or six more rigs operating at this point than were ted of the bp oil spill, but we're not at t

take a look at luxury goods retailer michael kors., the firm says results from the survey doesn't necessarily bode well. simon, back over to you. >> the real life house from the disney pixar movie "up" is going up for auction. this is interesting, diana. >> this is very interesting. it's not the exact house. that's just the lore that disney might have thought about this house that did it but this is the classic story of david and goliath. you throw in a little disney magic, because all the tourists who walk by see the reassembling of the story that goes behind the movie "up." today the time is up to bid on this home and finally determine its future but you have to start this story with once upon a time. there was edith maysfield. she grew up in this 100-year-old home and refused to sell it not even it's said for $a million dollars. after he died in 2008 at 86 she willed it to a construction worker she got to know as the mall was built. she sold it to an investor but the investor defaulted on the loan. the house is being sold by the le

michael kors lip gloss. >> long-lasting lip gloss. >> from the summer glow collection.u. >> it's fool-proof. sheer. you can put it on without looking at it. >> i like it a lot. >> let's move on to detox. what do we have? >> this is from peter thomas ross. fantastic. put them in the freezer and it's got -- >> where do they go? >> cucumber, caffeine in it. rub a little bit in a circular motion underneath your eye not that you have any under eye circles but it's going to feel refreshing and cooling and the ingredients are soothing and stimulating to get rid of all that. >> winter stuff. >> yes. >> the yucky. >> this is from glossier, from into the gloss. >> what do you do? >> it's a mask and you put it on. it's detoxifying. it will get out all the impurities not that you have any. you're so pure anyway. >> put this on, i like to use it at night. i'm loving it. i've been using it at night like or in a bathtub and then it's like a spa treatment. >> and leave it on. >> for about ten minutes and take it off and it's got brand new skin. >> the protection section. >> thank you.

michael kors taking a hit, it's been downgraded from neutral to buy. and shares of callaway in the green, it has a buy rating saying market environment is likely to give callaway a powerful and sustainable comeback. >>> under ar thundershowermour getting a boost, the upgraded outlook comes ahead of first quarter earnings before the opening bell tomorrow. back to you. >>> keeping an eye on that one share. thank you. which stock is better in the long run, bill under armour or nike? >> bert flickinger likes nike instead. why, bert? under armour is on fire here. >> nike always wins whether it was jordan whether it was jeter, now with gene jackson running the business. he's a genius along with phil knight. nike is always victorious, took out reebok umbro, adidas, converse, they run the table every time. >> look at some of the success they've already had. >> yes, sure. certainly the success they've had with their endorsements has been just enormous. the masters record-breaking masters performance by jordan spieth super bowl mvp and likely nba mvp in curry. t

two fundamental stories out of sync of what people are looking for, kors the handbag company, they sayrica's weak. that's contrary to what we hear about north american retail that's freaking out people. one of the strongest segments of the market aerospace. here sterne agee lowers estimates from boeing but tells you to buy boeing. we're in the mode where people are say, maybe let it come in and buy. we're marked up very big. especially the drug stocks. so i say be careful. let it come in a little. no hurry to do any buying yet. >> boeing the best dow stock of the year so far. >> let's it come in. you'll get a chance. i'm not freaking out. i wish we had more knowledge about the etf situation. watches futures last night, down 14 15 on nothing. china never came out. be careful. let the market settle down. too much supply hitting the tape. too much supply. >> "mad." fresh pet. this that is natural organic for your pets. and then therapeutics md typical of what's going on obgyn stuff, kind of interesting stuff that they do. talk about it tone. >> you love dogs we know that about you. >> i d

turn-around story because there's a lot more to go especially when there's a lot of competition from korsd that the stock did fall 20%. guidance for the second quarter for the current quarter was absolutely terrible, which is why the stock is feeling pressure. cutting the stock to neutral from outperform. the price target goes down to 65. 65 is a level the stock opened at this morning so dead money is the call here. >> i will see your $65 call and raise you this. btig, i think yesterday, melissa, came out with a price target of $47. >> ouch. >> $20 below the current price, concerned about lower revenue and lower margin estimates. >>> all right, stock number three, ptc therapeutics. big call here up to an outperform. their target spikes to $120 a share from $70. that's another 70% upside from here. >> yeah, this is a pretty bold call because not only are they saying 70% upside but specifically the analyst is saying to buy ahead of data that would be released in the fourth quarter on its muscular dystrophy drug. >>> stock number four hiking estimates on the price target to $82. the analyst

moreover, tsa has enhanced searches of luggage parcels and kor go transported to the u.s. mainland for illegal narcotics and weapons. finally, this year, the office of national drug control policy within the white house published the first ever caribbean borders counter narcotic strategy as required by congress. collectively, these efforts produced remarkable results. in 2014 there were 681 homicides in puerto rico. that is 40% lower than in 2011. 30% lower than in 2012 and nearly 25% lower than in 2013. you and your colleagues at dhs should feel very proud of this accomplishment because you played a major role. nevertheless, as i'm sure you would be the first one to say, we cannot relent. rather, we must sustain and build upon this hard earned success. puerto rico still has a murder rate that is far higher than any u.s. state or the district of columbia with an average of roughly two homicides each day. so i would like to give you the opportunity to tell the committee what i.c.e. is currently doing to fight drug trafficking and related violence in puerto rico our nations

you know, you think about as kor cover ups go, if it was a cover up, that kind of coverage five to onef what the american people are feeling. a quinniac poll coming out with the unfavorable rating based on what's going on now. not looking good. in florida, a 46% unfavorability rating. it jumped again. nine points in pennsylvania. just a short period of time from february of 2015 jumped up nine points to 47% rating of how unfavorable she is right now. >> here's the bottom line. you have to wonder if she was hacked by another government who is hacking us every day and penetrating the pentagon, why would we be able to get the server in chappaqua whether it was kept. she wasn't candid saying she wanted to carry one device. they asked for her e-mails and she deleted them after they asked for them. now we find out that she was replying -- like we make mistakes replying to the wurong person with a wrong answer. she's replying on -- >> way to go with our national security there, her strategy going into 2016 is going to be destroy and deny. if we look back to 2012 when you look at harry reid, h