will i still be michael kors? what will i do?ary, and what i learned from it is you really have to stick to your guts. you know, you've got to stay focused. >> he rebuilt the brand. then in 2004, he got that call that would change his life. >> this is a search for the next big fashion designer. >> certainly reality television and fashion had not merged. you know, i knew "the survivor" and i said, are designers going to be, you know, eating bugs stand killing each other? what are they going to be doing? i thought it was insane. >> the show which judged the work of aspiring designers took off, in part because of now ledge endear quips by kors. >> i was just like, like garbage bag couture again. give me a xanax. >> after ten years, kors left the show to spend more time on his business. >> it's too literal. like she's dancing on a table. >> and his marriage with lance lapere. >> this is lance. >> i'm so glad to meet you. >> one time intern who is now creative director of the company. >> do you ever tell him, i don't think so, that's

. >>> and michael kors is on sale today, but is it a bargain? even my daughter doesn't like me to buy that stuff. i'm the taking you into the wall of cramerica. >>> and are old tech plays turning over new leafs? i'm blowing the dust off some old tickers, telling you if some of in the group are actually worth owning that you may have left for dead. stick with cramer! >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an e-mail to mad mon madmoney@cnbc.com or give us a call at 1-800-cnbc. miss something, head to "mad money"@cnbc.com. >>> something puzzling happened last year. even though hackers were in the headlines constantly with the democratic party leaking like a sieve, as the dnc got hit with one cyber attack after another, the actual cybersecurity stocks did very little. the cybersecurity complex is full of high-growth companies that are not yet profitable for the most part, and many of these stocks get ham terrified in the first couple of months of 2016 and spe

they are up more than 8% while kors, down about 3%. >> i'm long on kors.n that coach is doing better is it managed to turn the comps. we need to see that from kors. the bar has been set so low here, it is trading at multiples that are half of where kors and coach is and where canada or ralph lauren is. i believe they're reporting february 7. >> why do you think there's such a difference? the trouble with the department stores would also hit coach. >> they've both been pulling back to control their goods. i see that for both. >> time for fast pitcher. one of them pitches and whether they're buying or selling the pitch. what are you pitching? >> i'm pitching to you disney. what i like is just about everything. it has not a stock that i've been in for, it is a stock i've been in for quite a while. you start with fundamentals. i like that the dividend bill as well as the share buybacks. they are extremely share friendly company. even though stock has been moving up from the mid 90s to where it is right now, the stock from a valuation perspective is not stretch

>> kors was rough. $1.64. revenue is a miss. they warn for the fiscal year -- >> they used the word disappointing. when a company says disappointed, you can't say, they're being negative. it is like, wow, it is disappointing. >> they chose that word. >> they chose the word disappointing. don't ever mention the mall either. >> if they had an opportunity, they would have chosen differently. clearly, they felt fenced? >> suboptimal. but disappointing -- >> are we in a kors/under armor economy or a hasbro? >> when i had the ceo of hasbro on, he was talking about being a entertainment company, not a mall-based company. anybody being part of the mall is being mauled. m-a-u-l. mall is pronounced like maul. murry christmas. so mall is being mauled. >> i'm with you. >> have you ever been to a mall? >> yes. >> when? 1963? >> i went to the mall in the last year. >> where? >> there's one up in westches r westchester. the westchester mall up 287. i went there. >> the old navy? the numbers were good. >> crate and barrel the

kors. >>> check out the shares.he casino operator blaming weakness in las vegas and that bad news taken the entire space with it. all deep in the red, there. >> this is more specific to mgm. they've gotten away from conventions so that was where they got slammed in terms of las vegas itself. i look over and see win coming back about 3% today. that creates an opportunity because i like that name. i'm in it but i think that shows the upside. >> i want to say this for your chartist out there. the gap today in mgm on the volume that it had below the one year uptrend that had been in place that's a significant technical break. here's a stock that actually spent the last three months since the election consolidating. it went up after the election and held 28, it broke today. this is not one you want to buy tomorrow. >> pete talked about it, i want to say last summer, my timings probably off i think it was the $60 stock when mr. wynn started buying back his own shares. it's had trouble at the 103 level. but if you're looki

retailer michael kors out with earnings.reagan joins us to break down the quarter. >> good morning. watch for shares of kors to be under pressure this morning. posting $1.64 per share, beating con sensensus by a penny. revenue down from the year prior and shy of consensus. analyst wering look for a drop of 5.1%. fourth quarter and full-year earnings forecast falling short of analyst expectations. fourth quarter forecasting by the company to fall between 68 cents and 72 cents. comp sales are projected to fall in the low teens range for the full year. michael kors ce o, says the brand is disappointed with the north american and european sales performance and sees the headwinds that plagued the retailer in the quarter to continue through the spring season. no mention of the political changes here. kors is trying to rebuild its brand equity, re-establish itself as a high-end player by pulling back on promotions and the volume of bags it sells to department stores. it's also fighting the trend of smaller bags. that means smaller

opposition to the nomination of fellow senator jeff sessions, democratic warren read a letter from kor ret ta scott king was opposing sessions for being federal judge. he warned her she's was violating rule from impugning another senator. she continued to speak. he said he violated the rule. >> i'm surprised that the words of kor ret ta scott king are not suitable for debate in the united states senate. i ask leave of the senate to continue my remarks. >> is there objection? >> object. >> i appeal the ruling -- >> objection is heard. senator will take her seat. >> she was warned. he was given an explanation. never the less she persisted. >> republicans voted to silence warren and now she prevented until the debate on sessions ends. the professor of university of birmingham. good to talk to you. we saw senator warren sigh len by the court. why would senate rebuke senator like this given the -- why go this far? >> i think for two reasons. first we're in a charged political situation where there are are a number of issues around the muslim ban. i think the betsy devos vote reflected some

to mo walk a michael kors show.shw.to her makingonh history there. back to you maureen and who. wh. >> she's a true trailblazer.ra i love that woman.hat woan >> pretty lady.>> prelady. >> uh-huh. >> coming up on fox5 news n morning a group of businessusins leaders asking the president prt to find another way to fund fnd his border wall.wal >> tech giant warns users of awa major data breach. bre. >> we're going to break. 5:19, 34 degrees.34 fox news morndeingg back afterkr this. >> ♪♪ >> ♪♪ >> ♪♪ :21 now and :21 now and in an overwhelming vote woinrkers a boeing's south carolina plantouh have c voted against unionizing. 74 percent of the 2800 workerskr voted against the idea. workers must wait another year a to vote again.again. the international associationcin of machinists union says it'sits disappointd by the decisionei but vowed to work with boeing be to move forward.forwd. the vote came just days afterte president trump visited the rollout of the first boeingbo dream liner from the aircraft workers' campus.cams. >>

kors. >> i had coach on the upside and kors on thedownside.ay they have the same problems, probably have the same solutions and they're pretty far behind where coach was only getting that done. pulling back from the department store space, getting less in the off price space, less into the outlet malls isn't something they have started to do. coach doing that for almost three years now since changing the product. the other thing going on is that the consumer taste is moving more toward classic coach and away from -- i hate to use the word euro trash but the blingy look in kors. if you don't want that from them, what do you want? they have to go through to that to get to where i want to buy them. i think they have great equity from the point of view of the customer. >> jan, we may want you to weigh in here on a fashion moment. barack versus branson. the showdown of the former president and the billionaire. there it is. the fashion look for mr. obama. that story is straight ahead. say carl, we have a question about your brokerage fees. fees? wha

let's look at the losing side of the equation, michael kors down after they cut its forecast, we have seen a lot of troubles in the retail industry, particularly the company that tried to sell through department stores like michael kors, general motors had been higher and is now lower, the company profit margin contracted a bit last quarter and they said the border tax adjustment is too complicated and balkan materials coming out with earnings that missed estimates by a wide margin. finish by looking at other assets, the dollar strengthening for the second straight day in part because of concerns about what is going on in france, crude oil prices on the flipside are down and goal is that -- gold bouncing a third of 1%. what policies president trump will mean for investors, , heing us is ronald temple has $190 billion under management and an exclusive preview of their 2017 outlook which he will present today at their event. the key theme for you is deflation versus inflation, are we at a key inflection point now? , if weink we might be look at the cyclical indicators of what is happeni

plus, michael kors is getting crushed. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. kors. >>> welcome back. shares of disney are volcano i'll following the earnings report. we're just minutes away from an it's exclusive interview with bob iger. we'll talk to him. plus, twitter taking on troels ahead of the earnings report. it will be enough to get investors in? next up, with all the details on this developing story. >> of course, trump has said multiple times that he wants to bring drug prices down but it has been a key question whether he means he actually wants medicare to negotiate drug prices. a reporter asked sean spicer about it. >> he is for it, yes. when you look at the cost, not just drug costs. the u.s. government has not done, you look at frankly, the easier way to look at is it what other countries have done. negotiating

we're in the company of -- companies like north kor and somalia,fghanistan and iran or something like that. so almost all other countries border adjust tir taxes and what that means is you tax based on if it was consumed in your country, not if it's made in your country what america does,e tax people based on whether it's produced in america and so that means we do not tax our imports and we tax our exports a we're putting american-made products at a huge disadvantage. there's a built-in bias in our tax code to outsource manufacturing and reimport in this country. that's not good for american jobs. that's not good for american manufacturing. that's not good for american economic growth. and so all we're suggesting is, let's equalize the tax treatment. let's be fair ourselves and let's treat ourselves like everother country is treating them. so when we mak something in america, let's put it on a level playing fiellike everybody else. let's take this tape recorder. i hope i didn't turn it off. this is an olympus. sowny made in japan. oops. [laughter] all right. american-made tape record

general motors reports before the bell along with adm and michael kors.>> still to come on "worldwide exchange," the top stocks to watch including another ceo change at teva. first, as we head to break, the major currencies right now. some marked dollar strength. euro, yen, and pound all lower. back in a couple minutes. who's he? he's green money, for spending today. makes it easy to tell you apart. that, and i am better looking. i heard that. when it's time to get organized for retirement, it's time to get voya. at bp, we empower anyone to stop a job if something doesn't seem right, so everyone comes home safely. because safety is never being satisfied. and always working to be better. >>> good morning. welcome back to "worldwide exchange." a check in on the market action. the big mover this morning is the u.s. dollar. as you can see, marked moves to the upside for the dollar. the euro lower by 0.8%, as is the pound. the yen, as you can see, weaker by a half percent. big moves in the dollar. it comes amid a little bit of risk off sentiment yesterday. it

one suspect accused of killing the half brother of north kor korea's leader said she thought the entire a prank. and now investigators are trying to figure out who planned to kill kim jong nam. brian todd has the latest. >> reporter: so bizarre that suspect was captured with a loud white shirt with lol em bladened across the front. another strange twist in the killing of kim jong nam, half brother of kim jong-un. an indonesian woman thought she was part of a reality tv show. the mother told about her daughter being tricked. >> she wanted to go to for filming on a show by spraying perfume on somebody else. >> according to afp, at least one in the murder had been paid before to stray a substance in people's faces in public. but this time, he says there were dangerous materials in the sprayer. and kim xiong nam and malaysian police said he felt like someone grabbed or held his face from behind. he got dizzy and asked for help on a counter. south korean officials called it murder and say he was poisoned. >> this may have been the the targ target of opportunity. they may have thought this wa

analysts asking whether or not kors will have to close stores. this comes on the heals very recently, macy's may look to sell itself. ralph lauren closing a bunch of stores throughout the country. it's a tough environment. i said this earlier to you guys. we're experiencing a global cultural shift the way we do our shopping. guys, back to you. melissa: lori, thank you. david: one reason why markets may be taking a little pause right now, comments like the following from republican house leader kevin mccarthy on "mornings with maria" earlier. take a listen. >> no, no, nothing is being pushed out. we have a 200-day plan. there is a structure and a method to this. we're moving on to repealing and replacing obamacare. that is moving this month and next month. then you go into tax reform. after you have done health care it changeses the baseline. you can expand where you do tax reform. david: a classic mealy-mouthed response on tax cuts from a very establishment republican if there ever was one. maybe too much to say that markets are slowing down just

. >> if you haven't restopped kor card in the past couple of years, you might be missing out on reallyyou're getting zero% of balances or transfers. see if the roads are clear. jessica boyington is first alert traffic center. >> we've seen better mornings. especially if you're out on the new jersey turnpike. mount laurel. overturned tractor trailer on the northbound side. i'll have details on exactly where it is and how to get around it when i come back. >> sick on the ice. what caused players toe sickens on the ice. >> big step forward in pennsylvania for medical marijuana. ♪ ♪

michael kors gave the guide yabls citing ongoing weakness in its north american market ask shares fell to 36.82. cardinal health missed expectations and said results were negatively impact by lower generic prices. it beat profit forecasts. shares finished up 2% at 77.76. >> the health insurer said an increase in membership, its immediate he indicated business had profits. it reaffirmed its guidance through the year. the shares were up to $26 even. and the company benefited from higher sales in china of its rerefrigeration. the company posted lower revenue but said it had sales guidance for the full year. emerson electric rose almost 4.5%. >> the trade deficit narrowed in december pr the prior month for 2016. it exceeded a half trill dollars, the highest level in four years xfl ports fell faster than imports, in part because of the strong dollar. the gap is what president trump wants to narrow as one of the ways to promote economic growth. >> what is allowed in as our sea ports. with cargo shipments, one of the biggest problem is what not to allow in. andrea day talked to federal invest

i begin today by-talking about our recent historic partnership having to do with so kor ski. it's not just about the aerospace industry,s regardless of income, people in every industry and income level with counting on us to get it right. a farm ton why both families work in the industry deserve reassurance of a stable business climate. a math teacher should have a peace of penicillined that a pension and benefits will be intact after she retires an decades of work. is owed a stable job with raise. if you don't think we can do it for these people or for that matter all the people of our state, if you don't think we can help our constituents and make their lives and careers more positive and predictable, look no further than the progress we have made together in recent years. to see exactly what is possible when connecticut works together. years of good economic development are helping to grow jobs in our state. since the end of the great recession, we have recovered 85,000 jobs. through the small business express program, more than -- a program that did not exist a few years

president, i am surprised the words of kor ret ta scott king are not suitable for debate in the united states senate. i ask leave of the senate to continue my remarks. >> warren was forced to sit down afterwards. she told nbc rachel mad doe she is in effect been red carded and no longer be able to speak before the senate on sessions. when i see you again at 6:00, hear what new jersey senator cory booker thinks about sessions' nomination. >>> three federal court judges expected to rule later this week on president trump's ban of travel to the u.s. from seven majority muslim countries. heard arguments by phone. audio was streamed live on youtube and heard on part in several news networks. government asked the court to restore the travel ban, but several states argued it's unconstitutional. whatever the judges rule, either side can appeal to supreme court. >>> 5:04. new from overnight, fire broke out in the back of a home just before 2. firefighters got it under control quickly and no one was hurt. >>> delaware governor john carney starting independent review into deadly prison standoff.

michael kors, sales fell a lot. demand in north america and in europe and look at it go down. that's a 11, 12% drop for michael kors. who is with us this tuesday morning, ashley, liz, mike, and there's obstruction and delay of everything, i would have thought that's bad for the markets. mike murphy, why has the market opened 60 points higher this morning? >> the trend is to the upside. you're correct, that's bad for market. they can obstruct only so long and they tried to obstruct people like rex tillerson to be appointed and we're getting it through regardless. they can only obstruct so long. if the earnings are behind the markets, it's going higher. stuart: we get over the obstruction? >> in the end of the republicans don't need democrats to do regulatory reform and tax reform either, which is big, with the questions around tax reform. we're going to get it done this year. >> okay, steve cortez come into this, please, why is the market up this morning when you've got all of this obstruction and delay going on? our

. >> sire model ashley grahamhleyh does something no other modelo has ever done at a michael michl kors 4:57 is the time and it is s 34 degrees. degrees. fox5 news morning back afterk tr this. >> ♪♪ >> ♪♪ z29kuz zstz y29kuy ysty >> ♪♪ morning.ornox5 news >> today on fox5 news morning,og a day without immigrants.mits thousands of immigrants arents being urged to stay home from fm work ton not make anyake purchases as a show of of solidarity and power againstagat the anti-immigrant waveantimmiga spreading across the country. c. >> and now let's take a livea li look outside.outside. it's cold. cold. it's a frigid thursdayigid morning. winter coming back reminding us all hey, it is still february people, don't forge htt about me. don't forget about us, either. e good morning to you. morning thanks for joi tning us, i'ms, maureen umeh.een umeh. >> and i'm holly morris.oris. today is thursday

that's why critics are calling the comments kor graphed and calcula calculated. >> they have not yet in three weeks been able to pull off a smooth operation when it comes to politics in washington, d.c. it's hard to believe that they could start now. >> reporter: today's avalanche of news nearly threatened to cover up a critical cabinet installment. the nation has a new top law enforcement official after senator jeff sessions was sworn in this morning as the attorney general. president trump saying a new era of justice has begun. lester. >> a lot of news coming out of white house. thank you. >>> now to the other big story tonight. the northeast in one of the busiest travel corridors in the country struggling in the face of the biggest snowstorm of the season. just day after temperatures soared into the 60s. the fast moving storm packing powerful winds rolled in this morning dumping up to a foot of snow where blizzard warnings remain in effect in some parts and across the country a ripple impact of misery as thousands of flights in and out of region were cancelled. blake mccoy leads o

a >> tom: for korea, my by kor.nie, about mar-a-lago, people are making a big fuss that he's down there at the resort, but this is what presidents do, they can't spend all their time in the white house. >> it's a working vacation, i'm against it, i don't think that you should -- a working vacation is like 69, the sex act. one of the other, have fun or you don't. >> i think it's indicative of his style, his presidency is kind of like, he's just throwing it out there. basically, every executive announcement he's made so far is kind of like the meeting he should have had three weeks before. were going to put a 20% tariff on all imports coming from mexico, that's how we'll pay for the wall. everyone said that's going to cripple the american economy, he saying he just started out there. i'm meeting with 60 million people. gather around candlelight, let's do this together. >> tom: the thing is, it's not like a bunch of strangers, it's all members of the club. maybe what they should do, could they possibly get all those gu

michael kors and coach reportedly making it through to the second round of bidding for kate spade.arren says slowing sales could cause shares of harley davidson to decline. the customer base is shrinking and its international profitability haz been hurt by the strong dollar. and san pallo won't be -- said the deal won't enhance its growth prosspects. jenerali slipping 4%. >>> deutsche bank has cut its bonus pool by nearly 80%. in an interview with the germ ennewspaper, the chief administrative officer admits the cuts are tough for staff but the decision had been taken very consciously. deutsche bank hasn't paid the dividends in the past two years and reported a loss in the fourth quarter. the bank reached a $7.2 billion mergerer settlement with the justice department. could have been worse. still, employees feeling the pain. >> and the results of deutsche bank were disappointing. >>> samsung launching two new tablets. it's first devices since recalling its galaxy s 7. meanwhile, samsung postponed the presentation of the galaxy 8, which is set to be its key device next year. samsung

we miss in retail, michael kors is getting slammed. armour after another rough quarter. >> let's get to it. wapner is over at "post nine." >>> carl, thanks. welcome to the "halftime report." i'm scott wapner. we begin this hour with a cnbc exclusive. under armour founder and ceo kevin plank, his stock under fire since earnings disappointed. mr. plank joining me here at the new york stock exchange on what lies ahead for his company. kevin, it's good to see you again. >> great to see you, scott. >> this is the second quarter in a row that we've sat together following a big slide in your st

its overall score beats the popular honda civic and kor corolla. >> consumer reports looks at data acrossodel line to come up with a brand report card. this year the top three are all german auto makers, audi, porche and bmw. >> at the bottom of that brand report card, mitsubishi, jeep and fiat. isn't that crazy? >> i like the little suvs. >> me too. i'm with you. >>> a trip to disneyland that ends in tragedy. neighbors stunned by what they heard and what they saw. >> i heard her scream help we just didn't know where she was. >> it's new video and we've got new details about a plane that collided with homes below as well as the people on board. fios is not cable. we're wired differently. maybe that's why we've been ranked highest in customer satisfaction by jd power 4 years in a row. and now you can love fios too. get our best offer of the year. 150 meg internet with equal upload and download speeds, tv and phone. all for $79.99 per month, for the first year with a two-year agreement. plus get hbo for