is heir to the famed este lauder cosmetics fortune.started collecting art at age 14 and has amassed one of the most impressive personal collections in the united states. >> these are picasso. >> all picasso. >> this year he displayed it for the first time at this museum he founded on the upper east side. >> what inspired you? >> the most important hard is tough art, art that is brutal. to me, art is never about investment. there has always been a passion. >> an expensive passion. lauder's collection made headlines when he purchased this gustav klimt portrait for $135 million. >> how would you know what would really be a magnificent addition to what you already have? >> how does a woman know which man is right for being a husband? >> wow, this really is a passion. >> you look at it and say that is right. you say that's right for me. >> he is also guided by trusted advisors. phyllis haddis a well-known art collector herself and widow of legendary museum curator william rueben. she has known him for decades and has bought him hundreds of

. ♪ >> has been making shoes in italy for clients including formula one driver nikki lauder. >> knowncing circles as the master, frencesco has been making driving snuse sicily for over 50 years. his customers including world champion niki lauder. >> i had to -- in 187 5, i got a phone call from the race team. i was dumb struck. to get an order from ferrari was the best of the best. they pushed years, him out but that hasn't stopped hollywood from knocking on his oor. "rush" brought business back. ron howard asked him to make a copy of the shoes he made for lauder. >> being part of the movie such a bones for me. now i can die a happy man. >> at 78, he still makes handmade snures private clients, the same way he always has. he climbs liz the fastest shoes on earth. >> there is a man at bloomberg who i can see in those little yellow shoes. it is johnny. >> i know a man who has got a -- >> talk to me about the jobs report. >> looking for 197,000. deutsche bank -- it is a lot. if you look at the a.d.p. report, private payrolls reading at 108,000. it may disappoint. is there a sensitivity h

no promotional activity. >> they won best in class, estee lauder. i'd better be down than the avan, rev llons on the world. alta has come inial 83 today. >> how different is estee lauder's customers? is it on the high end? >> it's a spectrum. but certainly on the high end. >> we've seen that theme. american express. >> the high-end getting hurt? >> maybe. but the low ends are certainly getting hurt. look at american express. the spend was up 8%. capital one out tonight, came up with awful earnings. they're on the lower end of the spectrum. you're seeing the split. maybe the wealth effect that guy was talking about. but that's what's going on here. >> karen made an interesting trade. actually bought into jcpenney today. >> i did. it was sort of counter to my genetic makeup. look where the stock is. not that it's cheap. it's just a lot lower. so, i feel like so much bad news is in this stock. everything they say is interpreted negatively. today's store closing, 33 stores. they had a base of close to 1,100 stores. it's not a giant move, really. and i a

ecology, which is a waste disposal company, and estee lauder. wisdom tree, etf company. fragrance company, i like that business, igt, that's gaming, position cast parts, wow, look at u techs, boeing, us ecology waste, perfume, etf, airplane, gaming, bingo! all right, let's go to albert who is in florida. albert? >> hey, jim, old friend, thank you. i just want to thank you for all you've done for me. >> thank you. >> caller: you've really helped me a lot over the years. just reading your books and -- um, my daughters just became members of your actionsalertsplus.com. i've got them competing with me on earnings here. i'm a cancer fighter. >> okay. and i wish you best of luck. >> caller: i want them to take over this, because i don't want to turn it over to a broker. >> i hear you. >> caller: we're doing too good. the first two stocks i'm playing with the house's money. that's google and gilead. my other ones are jpmorgan, honeywell and disney. >> all right. first, i want you to win that fight against cancer. i want you to win. all right. let's go. gilead, one of my four ho

we found on average that estee lauder had won a 500 available skus available. >> there is no waiting they have created this idea that there is a waiting list to the point where chanel felt like it had to follow up and say there is a waiting list for our bags as well. something that is interesting is how do you hide in plain sight? other unofficial skus disappeared magically when they had a deal. >> thank you. when we come back, more on some breaking news coming out of d.c. right now, a proposal from that florida constitution to legalize medical marijuana. ♪ > >> coming up tonight on 6:00 p.m., steven00 tisch is our guest. -- tom perkins will be our guest, asking him what led him to write what he wrote. in the meantime, we want to get you down to d.c. for breaking news on a medical where non-up -- marijuana initiative. the fact that this is even being discussed is a huge change. >> especially for the state of florida. the state supreme court has okayed the inclusion of a medical marijuana initiative in ballot. there has been a huge infusion of money to get the signatures on board. the

. >> estee lauder. i don't go out too much -- i stay at home a lot. i don't go out too much. my mom's not going to let me go over my budget. >> you have to start small and look at the growth. when you see the growth, you will start to understand the possibilities of investment. >> i believe saving is something that works every time. some people believe in investing, buying restaurants, homes. somethingaving is i've learned over time. i do not know nobody who has saved to has lost money. [laughter] some investment advice from some super bowl superstars. we will continue the theme. it is the friday before the big game. ken golden with me now, founder and president of golden auctions. he has sold more than $600 million of memorabilia. wait to see you. you brought some serious gear. you brought some rings. four different super bowl rings, going from 1971 to last year. this is the ultimate prize in all of sports. you want the super bowl ring. teams constantly try to outdo each other. this is the 1971 ring given to the winners of the super bowl kansas city, kansas city chiefs in 19

we're here at yolo's in fort lauder day. you only live once, which i find to be a great name. i like yolo's, because of the food and the open indoor/outdoor atmosphere. yolo's really has that. we are sitting here at the ft. lauderdale beach. this is the wave wall, one of the things that make the boardwalk unique. you see people running, riding bikes, doing activities on the beach, swimming in the ocean. it is ai great place to stay healthy and active, specially when you are traveling on the road. now, we're at coconuts, a great place to a 5:00 happy hour. it is not a tourist spot at all. it is kind of tucked away. i love coming here on the boat, nice slow cruz, going to the bar, sitting outside here somewhere and having a nice cocktail with friends off-season not on the road. it is a great place to wrap the day up. wow, this hotel is amazing. oh no. who are you? who are you? wrong answer. wait, daddy, this is blair, he booked this room with priceline express deals and saved a ton. yeah, i didn't have to bid i got everything

. >> sherry is the director of a fort lauder dale think tank.he praises wall street for buying up forecoast homes and said the attempt to manage the homes is challenging. >> a troubling aspect of this is we don't know what the end game is or if they know what the end game is. >> the lloyd's broke their lease with invitation home. the company wanted them to pay represent and live in the soot-coloured house. >> they'll put a band-aid. >> the lloyd's will not get burned. they'll ensure their next landlord is a local. >> the new york-based hedge fund blackstone is the largest landlord. banks, hedge funds and private equity firms snapped up 200,000 homes across the country. global growth is important. mark morgan is here with a story of a player who took matters into his own hands. >> good to see someone go out on their own and get face to face with the fans. sports leagues are looking to grow the sport and expand popularity. one of ways to do that is to open world markets. major league baseball will open the season in australia. mark milanson from p