is heir to the famed estee lauder cosmetics fortune.e started collecting art at age best has amassed one personal collections in the united states. >> these are all picasso. >> here, he displayed it publicly for the first time at a museum he founded on new york's upper east. what ininspires you? >> art that is very brutal. kandinsky.seo, >> lauder's collection made the headlines when he purchased that portrait. how do you know what would really be 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 and say that's right. you say that's right for me. he's also guided by trusted advisors. she's known ronald for decades and has bought him hundreds of prints and paintings over the years. >> she's one of two dealers i listen to as far as following their taste also. >> you trust her? >> yeah. usually my ego won't let me do that. >> hi! so nice to meet you. she offered to give me an inside tour of the manhattan art market, starting with

is heir to the famed estee lauder cosmetics fortune.arted 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 art 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 passion 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 hattis is a well-known art collector herself and widow of legendary museum curator william rueben. she has known ronald for decades and has bought him hundreds o

if particular i want you to consider estee lauder. make up, perfume, skin care and hair care products versus color rex. the slow growing cats and dogs company that makes everything from clorox bleach and cleaning products to personal care products, hidden valley dressing and charcoal. while clorox missed numbers on the top and bottom line, estee lauder blew away the estimates. yet they are each down a little less than 5 and 3% respectively for the year. granted they jump 3 points from 72 to 75 the day it reported but pulled back since then. it's fallen back where it was before that great color. clorox in the other hand dropped less than a dollar after it's bad miss. it's been trading sideways ever since. what exactly is happening here? shouldn't stocks of companies that perform better than the stocks that miss numbers especially in the same sector? allow me to explain. i think there's a good case to be made for buying both stocks. that's not the point here. the fact that they're not dramatically outperforming clorox is one more exampl

expedia, chevron, cvs, estee lauder, linkedin and talk to the ceo of expedia as well.ake one more look at the premarket as we try to work through this jobs number. the dow basically now flat. more "squawk on the street" live from post nine in a moment. nine. in a world that's changing faster than ever, nine. we believe outshining the competition tomorrow quires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. >>> chevron leading the earnings pack this morning. the dow component first-quarter profit down 27%. 236 a share, below estimates due to lower crude oil production and prices. on the tech front linkedin, opentable, expedia posting better than expected earnings. we'll talk to the head of expedia later on in our program. jim, you have tell graphed that you're not supposed to expec

people like l'oreal and estee lauder have the distributions to reach these markets.one to these channels. because of the scale of those lots of prestige, the amount of scale you get behind innovation that you can put to use, which is quite challenging when you are a brand of burberry scale trying to do the same thing. >> this is the first report under christopher bailey. it might be too soon for him to leave a mark. he has been with the business so long, are you expecting any big change? >> this has been a very long transition. her imprint was still here in many ways. they were a team. you will see the impact coming in the months and years to come. every is finally taking over its japanese license. they've announced formal plans for that. elevate they to brand to the same extent as it is in the rest of the world, something they have done in spain before. >> how accessible should be such rebrand be? -- should these luxury brands be? they have prided themselves on their digital strategy. they are trying to sell directly to consumers through amazon. we are seeing some o

thank you, peter lauder born who is legislative aide to eric mar, dear friend, colleague and honorary brother championing the work i've been doing the fast 4-1/2 years in san francisco. youth empowerment family, thank you so much for being here and most, most, most importantly hopefully the hundreds of youth that i've worked with [speaker not understood]. i want to thank them for the opportunity to work with them and for the [speaker not understood] they're doing for our beloved san francisco. so, thank you so much. (applause) >> i have the honor of making the next presentation. colleague, we all have amazing neighborhood activists within our districts who stand out, who are selfless, who serve the community and we all have our favorite neighborhood leaders among that, and at the risk of really single and calling out these two individuals i'd like to invite ron case and carolyn nest up to the podium. ron and carolyn are the founders of royal polk neighbors and these two individuals shaped how i have thought about neighborhood activism because they were the very first neighborhood acti

thank you, peter lauder born who is legislative aide to eric mar, dear friend, colleague and honorary brother championing the work i've been doing the fast 4-1/2 years in san francisco. youth empowerment family, thank you so much for being here and most, most, most importantly hopefully the hundreds of youth that i've worked with [speaker not understood]. i want to thank them for the opportunity to work with them and for the [speaker not understood] they're doing for our beloved san francisco. so, thank you so much. (applause)

chevron, estee lauder. president obama's meeting with germany's chancellor angela merkel.ent the news conference live at 11:30. 11:40. >> they tend to be late. >> they go 22 minutes late. ms. merkel is there. on time.ll keep him let's get to some company news now. this just broken the last hour. astrazeneca ejecting the new takeover offer from pfizer. they boosted their bid to -- the offercalled the inadequate. talk of another acquisition involving big pharmaceuticals. they are in talks to acquire merck. ayer is prepared to pay $14 billion for the business. j. crew plans a new brand. they have trademarked j. crew mercantile. the wall street journal says j. crew is spending on lower-cost clothing. a two weekends ago, i bought 1952 rochester red wings baseball hat at j. crew. >> that's part of their whole thing. other brands. >> kind of retro. like retro cool. >> i look like a dork in it. >> you fit in j. crew sizes? >> we will go to angela merkel -- at the news of the day. she will meet with the president at 10:00 a.m. in washington. look for that press conference at 11:40.

i think it probably doesn't bode well for cody either and i would not read into anything for este lauder. >> sears, shares are down 13% since last december. one of its former executives is calling for the retailer to liquidate asap. former vp of corporate strategy. great to have you steve. >> hi. >> he's more of a liar than a leader. what did he lie about exactly? >> actually what i said in my piece is he's either lying or delusional. i think he has not indicated a strategy or articulated a strategy for sears to fight and win in the marketplace. he keeps talking about being an integrated retailer. developing the membership rewards program for them but not addressing the core issues which is having the products that customers want to buy and the places they want to buy them. >> in the recent meeting he said he's going to focus in on stores and be willing to close down or not renew the leases of the less profitable stores and shrink the footprint. if they short of become really small and get really focused, doesn't that go somewhere towards that goal of finding a reason of being? >> i don'

cheryl: l'oreal, estee lauder do a quarter of that at the most i would assume. >> it was really excitinguld have the confidence to launch so many new products because we are connected to our community and we have a community of innovation lovers, who we call julep mavens. we are able to develop products directly for them. they talk to us an tell us what they're interested in and i think that's the best way we can have confidence when we launch something it will be a hit from the get-go. >> i thought it was interesting using usual suspects in social media, facebook, twitter, instagram, things like that. but the backers themselves, you're up to $65 million right now in funding. your revenues, it is estimated by forbes to be 20 million. you're doing strong not just venture cap but you're also making money. but you've also got the retail names. you're in sephora. you're selling on qvc. where are the strongest sales coming from right now? >> you know, we see it as an entire ecosystem where we're meeting the woman wherever she wants to shop. so we are developing products and launching them rea

look at these one-month runs, estay lauder, conoco phillips and marathon. and good old coca-cola, been in the news a lot lately. and the products are opposed to the companies that have been operating largely, with all due respect, on promises, either through growth or turnaround. twitter, we know the story. social media, best buy, the promise of a turnaround, once hot, now not. so big drops, this over a couple stocks. and we also have herb greenberg with us as well. great to have you with us as well. >> what do you think about this that brian has thrown forward. it is ended very badly. are you interested in companies you can -- really back to basic kind of companies? i think a lot of they companies were trading at enormous multiples. and then when the fundamental growth pattern, something called the second derivative. so when things are growing 30 or 40% a year, when you have a decline in that growth rate it happened to google at one point in time, so i think what's happening with all of these high flying tech stocks is there's been a correction because of

. >>> estay lauder out with earnings, the cosmetic maker beating estimates and shares moving higher.or cvs, profit up 18%, beating on the bottom line, missing on the top line, moving a little higher on the market. three of the biggest winners in today's session. we'll have that when we come back, but first, mandy? >> happy friday to you, ty. which economy is it? so many mixed indicators make it really heart to get excited about the jobs report. also job losses, the big fear and that potential pfizer/astrazeneca deal, and then they're northeasterly the only deal out there. and also, a "shark tank" success story, and we have the cake to prove it. stick with us. stick with us. know what the experts at your ford dealer think? they think about tires. and what they've been through lately. polar vortexes, road construction, and gaping potholes. so with all that behind you, you might want to make sure you're safe and in control. ford technicians are ready to find the right tires for your vehicle. get up to $120 in mail-in rebates on four select tires when you use the ford service credit card

. >> a pop for estee lauder. >> did you make that up. >> yes. >> this is the company.ury brand, the travel detail and luxury space and beauty department is booming globally. new afternoon markets. >> conoco phillips. >> i think you have a little time. i wouldn't be a buyer here. >> all right and we have a pop for smoothie. burger king customers in china are enjoying a new menu item. the poo poo smoothie is a drink with the word derived for the mandarine word for cola. >> i don't know what they put in these poo poo smoothies but it's outstanding. it's like caddy shack when he is cleaning out the pool. >> you know the story and the miscommunication there. >> i'm not going to bring it up on air. >> it's unfortunate. >> led zeplin. >> we got communication. >> we got that all the way from china. >> i'll take a pull. >> we share germs. we want the trade update here. today it's officially going public. so very exciting. >> yeah, so when we made the coin last month the mining technology had gotten so fast and so much ahead of the software that it had to go back and revamp the

finally on friday, we hear from polo ralph lauren, and judging by how well estee lauder and two other high-flyers are e doing, bet ralph laureng, will be a terrific buy ahead of the quarter. watch out, a wild trader. also, going to listen to the 3d printing company that's much-loved even though the stock has been hammered lately. and while i think it could deliver thela quarter, i think this would be a reason to sell the stock into strength, not buy it because the whole group has overstayed its welcome. let me give you my bottom line. look for opportunities like disney onik weak this monday or hain, sprouts and whitewave. and remember, the bond market's saying something could be lurking out sthere. so it's not such a bad idea to raise some cash now that we're flirting with all-time highsow order to be ready for whatever this market or the russians can throw at us. let's go to arlene in florida, please, flarlene. >> caller: hi, cramer, long time fan. need your help. isys pharmaceuticals, it's reporting tuesday.ha i bought 300 shares at $50. ouch. what do i do? >> all right. well, these

that lauder is reporting somebody begins interacting with the app and convert the purchase at a greaterperson making $40,000 a year as a beauty associate at macy's is going way. of two is going one o places. dayapp developer or a $19 assembler in china. the $40,000 job is going way. it's -- thereure, are areas that are being decimated. what is happening to the dispatch agents that we are not talking to any longer. the question is, can we replace these jobs fast enough? if you look at the labor statistics, the percentage of people working out of our total population is the lowest since women entered the workforce. >> i would like you to spend more time answering the question that scott asked. what kinds of jobs are being created by the companies that employ your technology? >> i think it's moving people up. they become supervisors of robots and train the robots and indirect with robots. they also do some of the tasks. the robots don't replaced the person. if somebody is packing boxes, they are also doing inspections intrinsically. robots are not good at that. it is re-factoring who does

look at estee lauder. a new high. it was earlier at 76.that is the high, they raise their forecasts. things look good in the cosmetics business and the stock goes up 5%. cooper tires profits down but not as much as analysts thought they were going to be down. the expectation business, very easily manipulated. cooper tire is up 5%. let's dig deeper into the jobs report today. you will find this number, 806,000 people dropping out of the workforce in april. that helps send the unemployment rate down and participation rate down to 62%, 1978 levels. but what was the headline in the new york times right after the news broke? unemployment rate at most since 2008 as hiring jumps. does it tell the real story? former labor department chief of staff paul conway giving us the real story. what is it? not as rosy as the times said it is. >> this is an ongoing story and you nail that saying this is the new normal. the situation going on for millennials, long-term unemployed, those who are disabled looking for work and the african-american community and

just a few earnings of note, chevron, the drugstore chain, cvs caremark, estee lauder, newell rubbermaidre indicated higher and the jobs number is suggesting that -- there we go, jobs number suggesting out at 8:30 that we'll get the fastest pace of hiring in five months. consensus for an increase of 250,000 nonfarm payrolls, following the rise of 192,000 in march. that would also top of pace of gains in the first quarter of 177,000 jobs a month. the unemployment rate seen ticking back to 6.6%, matching at five-year low, previously touched in january. joining us with his thoughts, ben lichtenstein, live from the cme. always good to see you. what's the whisper down there? >> good morning. >> what's the number if we don't get we'll be disappointed? >> well, the disappointed number would be anything below the 177 level, 150 level. again, we need to see something in the 200 level to see anything with any real umph, if you will. that will be the first time we've seen 200,000 plus for 2014. this market right now is really just kind of hanging here, waiting. there's been so much information this

we begin with estee lauder hitting a record higher earnings and casino stocks and wynn resorts postedtrong results. las vegas sands and mgm rising in sympathy. utility stocks are the best perform i performing sector and the omerc shares are falling down as well. >> a little bit of reversal weak and technology stronger. good to see you. a you will eyes on omaha where tomorrow's berkshire hathaway meeting takes place. >> and controversy over coca-cola's executive pay plan. a topic coming up and becky has already caught up with the key players in this saga so, becky, what can you tell us here? >> there are 38,000 shareholders for berkshire hathaway that are expected right here for berk shower's annual meeting. plenty to talk about before they all arrive. part of that is for the people who are arriving already, including david winters of winter green advisers. david has been in the news a lot lately because he's a long-term coca-cola shareholder and also happens to be a long-term berkshire hathaway share holder who has been coming here for 24 years, but he's been in the news lately becaus

. >> between them and nordstrom and estee lauder, one of the memes today is that luxury continues to work even as the discounters, and we will get to target, have some real problems. >> we have all talked about that bifurcation. you made no secret of that. the question of course continues to be sort of in the middle of the lower end, obviously walmart's quarter we know was not a good one awhile back. we were dealing with home depot yesterday which i guess was okay in retrospect. >> yeah. by the way, there was a subtext to the home depot at the end where frank said mortgage rates surprise. maybe they should never have been where they were. instead of looking at mortgage rates and interest rates as being wow, what's the matter with them, they're going down, he basically called into question that they should ever spike last summer, we are going back. the question and window millwork he cited as being the strongest part. why is that important? because kitchens were what people were redoing in 2006. this was a very encouraging call. by the way, lowe's, before we write it off, the gap betw

also getting stuff from estee lauder and energy infrastructure country transcanada. last night, expedia posting better-than-expected first quarter earnings and revenue. they said they sold more hotel stays than airline tickets. also food giant kraft topping expectations with its first quarter results, revenue coming in slightly below consensus views. in the meantime, we have to get back to becky quick. she has a lot of amazing stuff that happened overnight. miss quick, how are you? >> i like her hair. can i say that? >> thank you very much. >> is she doing something -- joe had a haircut. you didn't have a haircut. >> you got a haircut. >> i didn't have -- >> she's doing something. >> let me see both guys. turn sideways. let me check the side cuts. look to the side. this way. oh, looks good, boys. i like it. i like it. >> becky, i have -- >> it's all about the hair. >> i have a selfie. i took my first selfie yesterday. >> he was dressed, though. >> are you kidding me? >> while he was getting your haircut. >> yes. >> he was trying to prove it's real. >> i was trying to

we'd all be sad if wishes were oil reserves we'd all be that shakes it wishes were stocks and letty lauder we'd all be london blowing fat cats. mortar shelling and deadly fighting ring out through eastern ukraine as the standoff between kiev and pro autonomy militias continues to escalate despite it now being just hours until people are expected to go to the polls. a global day of rage against genetically modified products protesters in over one hundred cities worldwide according for a boycott of the g.m. food giant monsanto. plus russia in the east and boost its business ties with beijing the latest on the economic priorities being outlined in the annual global forum of industrial movers and shakers and simply just. a very warm welcome to you from all of us here at aussie international. latest world headlines. it's a day of pre-election silence in ukraine but not for the violence in the country's east of the breakaway lugansk and donetsk regions are refusing to hold the presidential vote a local militias have blocked over a dozen polling stations in the area where the ukrainian army and p