este lauder and her husband launch had a strategy. >> este lauder originally marketed the product as a bath oil, but tipped off women that they could also use it as a fragrance. during the 1960s, the cosmetics industry grew to $43 billion. este lauder reinvented her as the epitome of glamour. >> she started selling the product that she was using and immediately identified that she was the face, literally of her brand, her face was what represented the este lauder brand. >> este lauder turned the sales of cosmetics into a theater. she invented the makeup counters in department stores. >> she would have certainly been someone i would have loved to have talked to, loved to have sat down and had a dinner with. >> este lauder became one of the biggest self-made women in the business. she never stopped selling. while este lauder chose makeup and perfume, martha's calling was how to live and how to entertain. and that was martha's great break through, like este, her name was her brand. while she was teaching, she was selling. >> welcome to turkey hill farm, where we're showing you secrets f

estee lauder sold 1 million a year in the 1980s. she reinvented herself as a epitome of glamour to make products that looked and felt european at american products. >> she started selling the product that she was using and immediately identified that she was the face, literally of her brand, her face was what represented the este lauder brand. >> este lauder turned the sales of cosmetics into a theater. she invented the makeup counters in department stores. >> i have never met her, i wish i had, would certainly be somebody i would have loved to talk to, loved to have sat down and had a dinner with. >> este lauder became one of the richest self-made women in the planet. she put her name to the brand. she never stopped selling. >> i have lots of good ideas for -- >> while she chose makeup and perfume, martha's calling was showing how to live and how to enterta entertain. and that was martha's great breakthrough. like est erk, her name was her brand. while she was teaching, she was selling. >> welcome to turkey hill farm, where we have

buying or selling tim's pitch on estee lauder. >> let's start with me. did on my board. estee lauder and then did a latin thing. caveat emptor. means buyer beware. i'll say this. tim did mention the level that's very important. 74.5, 75, needs to hold there. if, in fact, it does, i think on valuation you can buy the stock. >> dan. >> yeah, i'm going to go with tim. i mean -- >> wow! dan likes something. >> no, but i actually think that this is a name that you probably actually -- because it's down so much in such a short period of time, if you ever tune in on fridays at 5:30, what's that show called? >> "options action"! >> this is a great name to let into a bullish position. >> when dan agrees with me, there is obviously something very good going on. maybe i should be a seller of my own stock. just kidding. seabu seaburg? >> i'm a buyer. i think it's amazing. i think that i like the value story here. i like it from the perspective of it's a value play. and i think the organic growth story is amazing. i'm with you, tim. >> let me get this straight. >> go

. >> liz, tim pitched estÉe lauder on the valuation that the stock got washed out.the stock is probably up 75% this year. at what point does valuation just get to the level where you say i have got to throw in the towel here? >> yeah, eight quarters of strongly positive comps is certainly a little bit of nosebleed territory. but i think when you have such a strong trend as your friend and a share gaining situation, a lot of positive drivers for ulta, i still think the stock has a lot of room to grow and will continue to be a winner. the beauty category is seeing a huge resurgence in interest particularly from millennials and i think ulta is playing it quite well. >> a quick question on foot locker, i know nike represents ruff roughly 70% of their revenue. how will they make that up? are they stocking the shelves with a different manufacturer? >> adidas is on an uptick, under armour is obviously on an uptick. foot locker is playing that balance well. so as other styles come in favor, you know, lower profile styles, they're able to make up the maybe downturn in basket

ronald lauder, a wealthy businessman and activist when it comes to the issue of israel.e is very much aligned with benjamin netanyahu and the political right in israel. this timing here is not coincidental. israel very much in the news with the actions at the united nations and secretary of state john kerry getting into a war of words with benjamin netanyahu and there you have donald trump showcasing the meeting with ronald lauder, a man very much aligned with benjamin netanyahu. an interesting development a few minutes ago down in florida. meanwhile turning to another story here, it might be of interest and more than a few people who have received the amazon echo who can be your virtual assistant and it can order things and look things up. it also now is raising very interesting questions about privacy because of the role potentially in a murder case. james baits is accused of strangling his coworker found dead in bates's hot tub. he called 911 to report finding his coworker. here's the twist. police filed a warrant for electronic data from the echo inside of bates's ho

. >> estee lauder became one of the richest self-made women on the planet. estee put her name to the brand. she never stopped selling. >> i have lots of good ideas for -- >> while estee lauder chose makeup and perfume, martha's calling was how to live and how you can entertain. >> you can buy the notary embosser stamps. >> reporter: that was martha's great break-through. like estee her name was her brand. while she was teaching, she was selling. >> welcome to turkey hill farm, where we have filmed our new video series "secrets for entertaining." i remember saying lifestyle is not being treated in the way that i would treat it, the way that i would explain how to plant a tree, how to create a dinner party. see how beautiful, it gets a beautiful golden brown color. keep sauteing that. you want to turn it down a little? >> just a teenie bit. >> we really developed a real category called "lifestyle." >> catch the premiere episode of "iconoclist." >>> next confessing to a mass shooting, the chilling details dylann roof told police about targeting an historically

i think peter lauder born has done so much for the richmond district and taught me so much about myself from what i want to be to just his friendship but his transportation, his knowledge, his youth empowerment, there are so many levels that peter has given to the city. i know he continues to do that in many ways. victor lem has taught me so much about not only the chinese communities but also about being strong with your heritage and that it is not just within our national boundaries but it is a global thing and his hard work with challenging chinese community issues i want to thank him as well. i work closely with scott blood he's a new dad and i'm so happy for him and also racquel redone the who was in my office as well and now works closely with the filipino community center and also angelo you who has worked with the cdc and i got to work with her first trip time and she was a tremendous ruler. [inaudible] media and communications strategist i know she will continue to do great work but not only with people power and media but in our richmond district as well. i think nick avalos t

i think peter lauder born has done so much for the richmond district and taught me so much about myself from what i want to be to just his friendship but his transportation, his knowledge, his youth empowerment, there are so many levels that peter has given to the city. i know he continues to do that in many ways. victor lem has taught me so much about not only the chinese communities but also about being strong with your heritage and that it is not just within our national boundaries but it is a global thing and his hard work with challenging chinese community issues i want to thank him as well. i work closely with scott blood he's a new dad and i'm so happy for him and also racquel redone the who was in my office as well and now works closely with the filipino community center and also angelo you who has worked with the cdc and i got to work with her first trip time and she was a tremendous ruler. [inaudible] media and communications strategist i know she will continue to do great work but not only with people power and media but in our richmond district as well. i think nick avalos t

firms, and caterers, and we have even partnered with luxury brands like tiffany and company and estee lauder. we're learning to raise $250,000 for a 10% stake in our company. and that would allow us to grow our sales platform on our website, minimelanie.com, and hire additional kitchen and packaging staff, and to establish our first retail location. we've just moved into our very own kitchen space in williamsburg, a thriving neighborhood. and our goal is to become the very next godiva for a mobile first generation, which loves our minis and they fit the modern lifestyle. >> good job. thank you. and i got to taste these, too, i must admit, before we came on air. i thought they tasted very good. and you know, one thing you didn't talk about, the packages is beautiful. i think when you're thinking about a gift, this is important. okay. from you both, two numbers. you don't have to talk yet. between 1 and 10, what do you think of the product? i can already tell the answer to that, and number two, what did you think of the pitch? and it's interesting that you say, for a mobile-first generation, b

we are seeing that personal care, to your point, with estee lauder.ompanies are out there that you think will be doing some acquiring come 2017, and what kind of companies might they be looking at? i think the question is what is the purpose of their r&d. at crafton heinz earlier this year, they are doing it for cost-cutting reasons. they are trying to deliver ups by slashing costs. to me that's a difficult long-term strategy. imagine where google would be if 10 or 15 years ago they focused on cutting costs as opposed to investing in growth. the flip side of that are the estee lauder's of the world looking to buy companies for a billion two, simply to grow. i don't think there are any large consumer companies that are immune to that. we also see that on the retail side as well. grocery chains, department stores, etc. wonder, not only do we pay too much attention to big deals, but how does one monitor those? do we look for trends, individual names that are growing so fast? your first point, we don't get a lot of -- those types of deals don't get a lot

. >> the lauder toy utter yawnses have been numerous -- utterranses have been numerous. which of the advise years will be the most controversial and the most difficult. >> there's glowing to be -- you're talking about confirmation. going to be a fight over jeff sessions, again because republicans have a majority and the democrats changed the rules in 2013, they can get that through but there will a fight over sessions because of his record back in the '80s when he was name nateed for the -- nominated for the federal court by president reagan and his history on race came up some the senate blocked him as a federal job mitchell guess is he -- my guess is he'll get through. >> there's no confirmation next for general flynn but i wonder how much pushback, given the commerces we hear and then the tweets he has sent out and miss more controversial positions. >> that's. you're right about both parts. is controversy and taken some very hardline positions against radicallum islam, calling it a political ideology hiding as a religion and also taken a very tough stance on iran, but

i think peter lauder born has done so much for the richmond district and taught me so much about myself from what i want to be to just his friendship but his transportation, his knowledge, his youth empowerment, there are so many levels that peter has given to the city. i know he continues to do that in many ways. victor lem has taught me so much about not only the chinese communities but also about being strong with your heritage and that it is not just within our national boundaries but it is a global thing and his hard work with challenging chinese community issues i want to thank him as well. i work closely with scott blood he's a new dad and i'm so happy for him and also racquel redone the who was in my office as well and now works closely with the filipino community center and also angelo you who has worked with the cdc and i got to work with her first trip time and she was a tremendous ruler. [inaudible] media and communications strategist i know she will continue to do great work but not only with people power and media but in our richmond district as well. i think nick avalos t

100 companies to take the pledge, from accenture, at&t, mastercard, visa, johnson & johnson, estee lauder, gm, you name it all agreeing this is important. another thing that happened today, there is a new organization led by women who are ceos or formerly ceos called paradigm for equity and they too have announced commitments by the private sector to look at broad ranges of ways of insuring women are moving up the corporate ladder, receiving equal pay and competing again on a level playing field. so we're very proud of the way that the focus has changed on issues of equity in the workforce so that there are no longer women's issues. there are working families issues. there are issues important to business. there is mounting evidence that shows that companies well, employers, in both the private and public sector who appreciate the importance of raising the minimum wage, equal pay, paid leave, insuring that there is work place flexibility, that these are working families demand. if you're going to attract and importantly retain the best talent, then you better make some serious reforms tha

pledge, and it's everyone from accenture to at&t, apple, mastercard, visa, johnson & johnson, estee lauder,gm, you name it. and another thing that happened today is there's a new organization led by women who are ceos or former ceos called paradigm for equity. and they too have announced commitments by the private sector to look at the broad ranges of insuring that women are moving up the corporate level, receiving equal pay and competing on a level playing field. so we're very proud of the way that the focus has changed on issues of equity in the work force and that they're no longer women's issues. there are working families' issues, issues that are important to business. there's mounting evidence that shows that companies -- well, employers in both the private and public sector who appreciate the importance of raising the minimum wage, equal pay, paid leave, insuring that there's workplace flexible, that these are are what working families demand. if you going to attract and, importantly, retain the best talent, then you better make some serious reforms that reflect those values of the

in growing the business and selling it to estee lauder, they had deep pockets and a huge heart for entrepreneursriage. >> what lessons would you draw from that experience for people who might -- you know, we talk about this with a lot of the new companies in silicon valleys or entrepreneurs all the time. when do you sell? should you sell? >> it depends on you. it depends what you want from your life. it depends if you're happy. great collaborations and great partnerships are definitely -- they can get you to your destination faster. but i think selling a business has all kind of implications that staying on your own as a business also has them. you have to weigh them out which is right for you. >> it's amazing to be so successful and to think back where you came from, you mentioned you were the sole breadwinner. but you dropped out of high school. you were severely dyslexic. >> i am. >> tell people the red dot story. >> i'm very dyslexic so i couldn't read a graph. but i'm very -- i can see color and understand the direction. and when i approve a product, i normally sort of red dot it so i take

ambassador ron lauder. commissioned the first ever global jewish survey. it's great to have you here. you've known donald trump ever since college. >> together at wharton. >> when we met six months ago you were one of the few people who told me, donald trump's going to win. >> i may have been the only person to tell you that. >> yeah. >> i would like to talk for a second about donald trump. i was shocked during the time of the election when people were talking about him being anti-semitic. there is not an anti-semitic bone in his body. he is a man who believes strongly in jewish values and he's a man who believes strongly in israel. and that did not come out in the campaign. >> i was just going to say, you told me that also six months ago in our meeting and yet there was concern during the campaign. why do you think that is? >> i think because they wanted to make donald trump something he wasn't. this man who believes strongly in jewish values, he's a man who i must tell you the people in israel will apprec

i think peter lauder born has done so much for the richmond district and taught me so much about myselfrom what i want to be to just his friendship but his transportation, his knowledge, his youth empowerment, there are so many levels that peter has given to the city. i know he continues to do that in many ways. victor lem has taught me so much about not only the chinese communities but also about being strong with your heritage and that it is not just within our national boundaries but it is a global thing and his hard work with challenging chinese community issues i want to thank him as well. i work closely with scott blood he's a new dad and i'm so happy for him and also racquel redone the who was in my office as well and now works closely with the filipino community center and also angelo you who has worked with the cdc and i got to work with her first trip time and she was a tremendous ruler. [inaudible] media and communications strategist i know she will continue to do great work but not only with people power and media but in our richmond district as well. i think nick avalos tho

i think peter lauder born has done so much for the richmond district and taught me so much about myselfrom what i want to be to just his friendship but his transportation, his knowledge, his youth empowerment, there are so many levels that peter has given to the city. i know he continues to do that in many ways. victor lem has taught me so much about not only the chinese communities but also about being strong with your heritage and that it is not just within our national boundaries but it is a global thing and his hard work with challenging chinese community issues i want to thank him as well. i work closely with scott blood he's a new dad and i'm so happy for him and also racquel redone the who was in my office as well and now works closely with the filipino community center and also angelo you who has worked with the cdc and i got to work with her first trip time and she was a tremendous ruler. [inaudible] media and communications strategist i know she will continue to do great work but not only with people power and media but in our richmond district as well. i think nick avalos tho