esee t estee lauder is up. what do you think?e lauder has been able to diversify and kudos to them. ul that h-- ulta has done a goo. coty has some positive momentum. they can pay it off. that's a turbo charged one. if i had to pick one, i would go with ulta even though it is expensive. >> you watch things very closely. >> i do. slowly, once a week, what can i coal you? i think you have a case, estee lauder says they are growing even with accident store closers. that's a name i want to own. is torically, it's a 50% premium to the s&p. which means, i don't think it's totally expensive here. one a total dud is avon i've ridden the roller coaster on this, this stock is down in the last few months. it made a miraculous recovery there. >>> next up, hertz hitting the lowest level going back to march 2009 the car rental company under pressure, hitting into a long trouble weekend ahead of the shareholder meeting next week. grasso. >> if you look at hertz and the counterpart avis. they have two totally different sectors and spaces, they ha

this morning este lauder reported an astounding first quarter.mbers from china and hong kong. more importantly este lauder is selling it's merchandise in new outlets like e commerce, as well as cheaper stores where you might not expect to see such high end brands. it mitigates the concern i had about the company. instead it's the hottest of the hot. and ultra salon, one of my favorites, that gives everyone rich or poor a shot at all kinds of este lauder brands. fabrizio, the ceo gets it and has pulled off the impossible. a noncannibalistic move to the teenagers around the world because they must look their best, best, best outside because everyone's got a high definition camera and a high definition screen that they post to facebook and instagram. 's stay lauder's look yourself be best theme. align's invizaline up 20% over the year. it's a ready made group of products for the dental community. teenage customers using the product increased by 11%, a product that gives you your selfie fast. i think this stock may still be a buy even though it's run

there has been a lot of lauder's about ronald influence on trump.hey have known each other for a long time. he is a very wealthy american businessman. he had, in the past, been close to netanyahu. they are estranged now. he had been an envoy for netanyahu in the 1990's and negotiating when he was prime minister then in negotiating with syria. i mean it counts, he was not a very good one. at this point, he is said to be very influential over trump on the israeli-palestinian conflict for a couple of years now. he has been one run the region try to promote his own peacemaking initiative. the people who have looked at this plan have ridiculed it as being ignorant of kind of the basics of the conflict, but that is the administration that we are dealing with. trump is a personal relationship with this man -- has a personal relationship with this man. he has a plan and a team and appears to be telling, if the reporting is correct, appears to be telling trump the palestinians are ready and willing to make a deal and that netanyahu is probably the obstacle.

but estee lauder you need their stuff before you go out.-def, this is high-def selfie. i have to tell you, carl, high-def can destroy your whole image if you do not have estee lauder cosmetics. that's why i think the quarter is going to be great. >> that's good. the cameras keep getting better which means you need to catch up. at the same time, jim, we did get income and spending. spending not a surprise. basically unchanged. saving rate goes to 5.9, the highest since august. you think this is immune to any consumer pressures? >> yes, i do. look, we want to see interest rates go up ahead of that wednesday fed meeting. we want to feel confident that the economy is doing better. i thought the bernanke interview was absolutely terrific. he said that yellen has toget in on the inflation and he walks that back. this wednesday's meeting no one is focused on that. the employment number, there's not enough attention. you need strong numbers and the fed to tip their hand that the numbers will be strong. >> yeah. consensus on friday is 185, at least

they go to estee lauder.encing that on the call as being the most important thing for cosmetics. i think it's real. i think the trend is back. i think the stock can go much higher. >> all right. jim, so we sort of know what's coming up on "mad" tonight. >> we have clorox too. there are consumer product goods, companies that do great. that's a much higher multiple -- isn't it interesting that bleach which i regard as being one of the great unbelievable commodities that sells at a much higher price than your cell phone. maybe that's the conundrum we have to figure out. bleach versus this. people like bleach more? i don't know. can't even drink it. >> what would you rather be without in your household. interesting question. we'll have tesla to toss around tonight as well. see you at 6:00 p.m. tonight. "mad money." when we come back, a lot more on apple's results and an exclusive with sprint's ceo, marcelo claure with the dow down 34. ♪ >>> good wednesday morning. welcome back to "squawk on the street." i'm carl

very attractive to all of the cosmetics makers out there so even the most prestigious like estee lauderch has the mac brand wants to team up with ulta. mary dillon says that ulta is an experiential retailer. we have heard that from many trying to get that money from the millennials. but the sheer number of events that dillon's company throws does make it feel like something is happening every week there, if not every day and women will want to check it out to see what's going on. and that is genuinely experiential. plus the new brand pipeline as they call it. and she gushes about. it gives you the impression that it's a biotech of retailers. the salon in the back is -- it has a fine number but there's no resting on their laurels as they're partnering with some of the best hair care players in the world for more innovation. all the better to keep amazon at bay. why? because they haven't figured out how to blow out or color hair. every square foot is being used. it's remarkable. when the leases are up, guess what? they negotiate them down because ulta is a coveted tenant. ulta's got the p

esee the lauder for example in recent months, e.l.f. is testing its products in stores.xecutives anticipate increased productivity from product sales at wal-mart and target, it's two biggest redistribution points going forward. on the calm, executives acknowledged a slowdown in apri growth remain because of what they expect for e.l.f. in terms of distribution, expansion and the bulk of the year. investors, though, not so sure. >> thanks very much. it's a mixed bag, courtney mentioned, coty down 25% in the same time. >> coty may be getting their act together. they had a big acquisition of png brand. it took on debt to do it. it appears to be working, which would be great to take on a lot of leverage and its works. that's great. i have a buyer, also, they have done a fantastic job i never owned it. you talk about the consumer spending money, certainly spending money at these places. >> i think the beauty products, guy, we'll go to you. >> jim cramer made this point. i think it's a great point. people want to look good. right. allergan. i thought the quarter was great. bret

david the spirit of the lauder does water will reach their souls and minds and we will start doing what is right by our planet. cherie.ame is we are in an epic struggle to brought to usine by energy transfer partners, which is a horrible company. this would go from texas to st. james, louisiana. 700 bodies of water and distress hundred acres of our precious wetlands that protect us from storms, protect us from flooding. last august my house was flooded, partially due to climate change and partially due to the oil industry -- we lived through the bp oil disaster and we know what the oil is going to do to our shores. we have oil spills pretty much every day. we have to live with the fear. we have dolphins dying at increased rates and turtles. a lot of our people are still sick from the bp oil spill. i message is to president trump and i just want to say that come down and sit with our families who are suffering from our refinery communities, environmental justice communities, and the people dealing still with the bp oil spill. if you can look in their eyes and see their pain they are deal

. >> david lauder maybe could ask this question and pose this question to psychologists or potentially to other political observers as to whether or not he is -- the extent to which the personality he's displayed will be useful or not useful to him and the country for governing. >> a quick follow up to ron klain and ron christie on this. to what extent do we get a reasonable indication of the president's personality from what we see, let's say, in the media and to what extent is there a very different picture behind the scenes? not necessarily donald trump, but in your experience. >> well, i do think there are presidents who are different in private than they are in public. i'll say not a president, one great example of this is al gore. people who know him, ambassador emerson is here. know that he is a funny, warm, likable person in person even though he had a public reputation for being stiff and robotic in public. but with trump, i honestly don't care if he's crazy, crazy like a fox, you know, what it is. i care about the performance. right now, he is not performing as president and

his press secretary mark lauder.ou tell us what the vice president will focus on in the meetings today? >> when the vice president heads to capitol hill this afternoon the budget proposal rolling out later this week and also on tax reform, something that is very important to families at home. we have to get families and help them out by lowering taxes across the board, simplifying the tax code. something that president trump has been talking about since the campaign trail. >> shannon: he has leaned heavily on the vice president, having been a member on the hill and governor. he may be seen as one of his most valuable tools on the hill. is he happy to play that role? >> the vice president's experience on capitol hill and executive helps. but what we're talking about here is the president's agenda. something he talked to the american people about and why they sent him to the white house. enacting a budget that balances within 10 years, it's something the republican leadership and president have been talking about for m

i no he that perfume, i know you can get a lot of this stuff that they sell on ulta, estee lauder butnot wash people's hair. amazon and jeff bezos cannot watch people's hair. i don't care how many plants they're -- are you listening to me? they're not blowing out hair. that's 9% comps, mary dillon, in the front of the store 14%. coloring hair, bezos never, never. >> it's not something he has to worry about. >> he's in and out. >> yes. that's true. he has the same challenges. >> keeping it nice and neat. >> just telling you. >> very tight. >> one of the areas like pat i don't think you'll get a pad in a big krcrate, big corrugated. >> ge at 27.20 is close to nearly a two-year low. >> ge and industrial, a leading industrial, david, it's a leading industrial. david? >> yes, sir. >> ge is a leading industrial. >> it is a leading industrial and still is, leads in many different areas. >> what would that be? >> locomotives, engines, solar power. turbines, oil and gas. clothes. >> you're right on everything. you're right. >> those are all big global businesses. >> health care. >> huge health

i mean, estee lauder had the key, numbers were very good. much better than expected.went from 78 to 93. >> wow. >> that was their range, right? by the way, they are selling products now at ulta. this is what we talked about for the last year. people want to have -- they want to spend money on experience. i view makeup and cosmetics and wanting to be pretty and -- >> yes. taking selfies. >> caring for yourself is a trend. >> i never feel better than after i have makeup on. >> i have to credit jim cramer with first spotlighting that. >> yeah? >> absolutely. >> the selfie king himself. >> totally. >> i'm sure. ulta up 5% after hours, over $300 a share now. courtney reagan has the results. >> here we go. first quarter, company reporting earnings of $2.05, that compares to estimates of $1.80. a nice beat there. slight beat on revenue, comps coming in 14.3%, and analysts expected an 11% increase, so this actually went above that. now, the second quarter outlook is a little bit weak when you impair to what the analysts look for their range. i will point out, too, the salon s

take a look at the people who are in there, l'oreal and estee lauder is going in there.hora. one of the reasons i think that nordstrom's is a little better positioned than most others they have a service mindset and certainly a better perception of service than most other people. i think we forget about that. as the business gets tougher and tougher, what are the only variable expenses that the can department store can deal with is the salespeople on the floor so it's a catch 22. the business gets tough. i have less people on the floor. i do more and more business online i have less people on the floor. >> do you think for department store chains moving into e-commerce has proven to be a cannibalizing move that they're eating their own foot? >> well, to some degree, but nordstrom's showed 80% of their customers buy online and in the store. the customer who is buying more than one channel in the department store is spending three to five times than someone who is buying in only one channel. and the fact of the matter is, amazon is there. you better be there. it doesn't me

first lady melan ya trump there as well as well as first lauder ivanka and her husband injury read kushnerly criticized the president during his campaign. host today's meeting was cor cordial. the president gave the pontiff a first edition set of writings from dr. martin luther king, jr. president trump is lawyering up. >> he's enlisted the services of the mark castle witch to help navigate the investigation into russia election. here's what's we know about castle witch. he works as if a you remember in new york city. represented trump before. in real estate deals, divorce proceedings and litigation related to trump university. he also represented former fox news anchor bill o'reilly in the on-going legal controversy surrounding his alleged harassment of women. this all comes as former cia director john brennan testified before congress the first time since the president took office. lawmakers he was so concerned about russian contacts with people involve in the trump campaign that he convened tom counter intelligence officials to focus on them. a senate committee issued two additional sub

whether you go back to the lauder gate crises and look at the behavior of the stock market from january '74 until january '74 after nixon resigned in that year. embargo you had eninflation and weakening of the dollar. i think the mark is to come place sent about what might ultimately i know up being a constitutional crisis in the united states. >> i'm weary of comparing this to the water gate. >> i would argue if it's true it's worse. >> what is true? >> if members of the trump team concluded with our principal advair. trying -- >> five investigations of six months found nothing. i'm not defending it but six months on the mark they found zero. >> you don't know that. who told you that. >> who told us the opposite ron? >> no no i'm saying -- >> do you know? >> no i don't. >> i'm simply saying the mark's not going to react because there's been nothing to react to other than an investigation. >> if you go back to the way water gate came out the first story occurred during campaign in 1972. it was more than two years before richard nixon was ultimately forced to resign. i happen to be in th