you've got leonard lauder at the day lauder companies, ken chennault at american express and albert bourla at pfizer and in my view the difference maker for those is that they valued as seriously as any other skill or discipline in their portfolio so that it's not an afterthought it's not something they just you know rolled into last minute they practiced they think about it. they they value it and so it is my belief it is my argument that it's a big mistake to. consider communications soft skill that in fact it is a rock hard competency. all right. let me ask you let me ask you about pfizer and the pandemic, which to be one of the more intense interest periods in anyone's career. certainly was for me at about self. so all right. so albert bora bora bora became pfizer's ceo in october. of 2018 so a couple of years before the pandemic 2019 2019 and in short order issued new purpose for the company he wanted to see breakthroughs that change lives. and i would say when he made that the mantra, he had no idea how important breakthroughs that change patient lives were was about to be so beginni

estie lauder created extraordinary value over the long term for shareholders and recently we had challengesut if you take a step back, unlocking the distribution and prestige beauty, that's what we are doing but online. we think that that's the most important channel of category weeks. looking at a market like china you see how big the potential core is. >> you were the head of consumer tech equity capital marketing at goldman sachs. how to transition to this business? >> believe it or not, i loved my job at goldman sachs. i wasn't looking to leave but if you meet the ceo and our cofounder you'll know why we why he decided to leave a job. i loved to join him. in my 20 years in wall street, i had the opportunity to know thousands of tech companies as soon as i saw the p&l right away i knew i had seen nothing like it before. i had not seen a business scale so quickly or profitably online. it had a different mouse trap d i saw how fast the team was running so the caliber of our running at a huge oprtunity, categories. ultiple brandsnd when iaw the beautindustry which i was familiar wit these r

>> i think estee lauder is unique, where it was so ed to china.slowed down, now a lot of the chinese are buying higher end goods than just cosmetics and they need newness d innovation. you think about the others like lvmh, only up mid single digits this year, that's an opportunity beuse of the wide berth they have, whetheit's in hospitality, fashion and leather goods, or whether it's in sephora and retail. >> you want to be in a retail company that is le to be there, because as more people are aveling, they're going to concerts, they're going to all different things. you've gothe hybrid workforce. >> and experiences create memories. everyone is looking for that memory after you didn't have it during the pandemic. look at what rh has done with restaurants. people are remembering when they go to that restaurant and have that experience. something different in terms of tommy bahama, you remember that experience. so i think capturing, whether it's lvmh with hotels, whether it is an rh with restaurants, it creates the difference. >> that's something we

estee lauder down 46% in 2023, but the stock is getting a makeover in the past month, gaining 18% int time. so, tim, trade it or fade it? >> i'm going to trade it. i get a makeover every night before i come on air here. i think the rebound we've seen in this stock, look, they've made some announcements, they've made some cuts. they've guided, especially with what's going on in asia and their global business, but look, cosmetics and beauty have been one of the bright spots of this earnings season. so much bad news priced in here. valuation interesting. a great global luxury brand. i think you buy it. you don't have to buy it tomorrow, but you trade this thing. >> karen? >> yeah, i say fade it. i don't like -- more than, like closer to two-thirds or 70% of their business is outside of the u.s., whether that's mostly china, asia, and europe, which is a difficult place to be. the valuation is still very, very high. we know there's some upheaval in -- potentially in the ceo office, so -- and it's -- the stock is still really expensive. i would fade it and i would buy ulta, which is half t

>> no, overall, luxury overall, i think that estee lauder is their own ewe meeunique issues.y we've seen it slow, the aspirational consumer isn't spending as much. i don't have the chinese tourists. think about luxury for the back of the year, taking advantage in companies like lvmh is a strategy. frankly i'm also watching a pe ind tapestry. i think we'll see the core tapestry business reach the $5 a share over time. i'm anxious to see the debt reduction and synergies that go into that. >> i think the market has skepticism around that deal. the stock is flat year-to-date. >> um-hum. >> i think about the nike warning because it's unusual for nike to do that. they really did speak to macro softness around the world and i wonder how much that's factored in to say a lululemon whose stock is trading at a record high. >> keep in mind on a lululemon, i was out there two weeks visiting them. you talk about innovation, watch new product coming out this year that captures men and women, that's accessories, outwear and apparel. look at the growth, it's u.s. and international. the brand

. >> what about estee lauder? >> what about boeing? >> what about estee lauder?s at all or no? >> they are. mac is selling well. estee lauder has been disappointing. boeing upgraded. david, why don't you mention disney? i'm long on disney too. there's a lot of stuff. there's a dividend. >> yes, there's a dividend at disney. i will mention it, jim. have a look at the realtime exchange. williams sonoma. at the nasdaq, granite shares. >> okay. >> peppermint bark? is that what it's called? right? that's what williams sonoma has? i don't know. >> west elm, maybe a comeback. i like wayfair, doing very well in the russell. williams sonoma's having an unbelievable run since they reported that last quarter, and i think laura albert is doing an amazing job. it's indicative of what people are buying. you can go to the outlet and buy damaged stuff, but it's only the boxes, david, not the product. >> only the what? >> the box. go to tanger. well, let's say a box is bumped in transit. >> okay. >> you can get it, and it's substantially less money. >> oh, i see what you're sayin

you're asking about her son as it is going to be present at the moment. hosta j as in 2022. andre lauder was a senior restore ive mario boz, local history museum, and his case properly in kind of meet the forms to get a letter from us that it wasn't showing up. as i have done by the offline department for the rest of class, i think there was a place to buy that ticket. the reason being that part of the game was designed video 3 to throw at the computer with the continued to play the grid general sort of nice the civil couldn't finish square able to to stay or propose a seat glovebox. andre comes to this boon down museum every day as if it were his job because he is away rubble searching for the fragments of exhibits the rest of the blessing, birth date, which is at the the last like it's interesting that the photos move into a page to expose, so that will shrink it because it's 0 plus plus i said newest of the associate region and you're going to look at just like i knew the stuff finished. ok can, would you prefer to do this for some reason grading the one on children is the course of 1

as in 2022. andre lauder was a senior restore ive mario boz, local history museum, and his case properly was gonna kind of meet the phone lines to get permission from us that it wasn't showing up as that the bus the maternity, the west to class. i think there's a place to buy that ticket. the reason bring that part of the game was the different video through the federal at the gateway to continue to pay the great general sort of the civil cuz the scene is squares. now, he wants to stay up with those, but i see that you have a glove box. andre comes to this boon down museum every day as if it were his job. because he is a way of rubble so shameful. fragments of exhibits the documents for the rest of the day, just at the the records interesting that the federal vintage, it appears to expose the string of of credit which is 0 plus the newest of associated region. meaning they want me to look at just putting you on a thoughtful finish. what would you prefer to do this for some reason grading for the one on my children is the course of 1941 was the great pancreatic was most critical moments.

hold on, they'll how many reports from nicholas lauder home from the show the in life and this is rose occupation besides the fate of palestinian. it's been nearly 2 years since my son has been lost, so their son. so it is courtney was a 23 year old living in nablus, who loved motor bikes. she became a member of the lions. then a group made up of youth, rebelling against the occupation. he died in confrontation with these or 80 soldiers. 2 weeks later, they received a letter saying the body had been confiscated by israel. all they had to bury was his hand, a bag and his partially burnt. i must come. how the other fish we i'm going. it's only when he died. did we discovered she was part of the existence? no, no. first, i went to the hospital and his friend told me, my son was that i wanted to see his buddy, but they said it was taken away as symbolic funeral was held. but the thing is really, the family were told that if this man now buried here, had at the time given themselves up, the remains of their son would have been returned. now this policy of withholding bodies and using them a

. >> you could say the same thing about starbucks and estee lauder, and that stock is still down 40% on the year there are opportunities with the growth and the fundamentals. >> jenny >> thank you for calling on me this is where it gets stock pick erie if we go just into footwear, deckers had a great quarter. you have skechers, vans didn't have a great quarter even within this, josh, i don't think you apply the macro. the individual brands and, steph, you have to match up the story with the valuation and they're all over the place on nike, i would be worried going into next week if it were mine, i would trim it >> i was going to ask you about amd, josh, up 46% since you bought it on halloween >> i should be trimming it but i don't own a lot of it where i would be massively hit by a drawdown that is the kind of stock, to generally's point, no way the fundamentals just doubled. >> how do you make the determination? steph is not trimming nike though she said to our producer she is scared to death >> my answer is top down because i don't buy stocks for a trade or have an edge on how the

let's take estee lauder. i want david to berate me over the pick. that stock was up the most of any stock along with illumina. >> sold to you. >> thank you. that's all you need to know. david, i was not sitting on a gold mine. >> you were not sitting on a gold mine. >> all right. so, again, estee lauder trades up. is that a good sign for the market? >> look, we're going to -- we're flopping and chopping. you couldn't give away cvs the other day. i like cbs more than cvs. >> which doesn't even exist anymore. it's paramount now. >> i get it. i know all your jokes. >> no one is talking about theft that i hear. >> cvs's guidance is well met and the plan to change the way they go about next year or the way they go about selling pharmaceuticals to customers. >> a mark cuban plan. >> a little more transparency. >> basically cost plus. >> cost plus pricing model. a little dip hike in there. we'll talk to the ceo at 1:00 today. >> you tell me that this isn't a high-quality company you can get at eight times earnings. i'm game. if theft is the biggest problem

let's get right out it, former special is consistency president trump mark lauder mark is good to see you tonight a number president biden's job approval again drop in a new seen bowl said is a 37 percent and gallup estimate at 37 percent market, he started out in the 50s by 38 businesses coming in biden is now the most unpopular president in 70 years in modern u.s. history and this since treatment and what you think. mark: it is not when you look at the results of the lack thereof, about this in historical purposes perspective joe biden 10 percent was popular than linda johnson in 1967 and he dropped out of the race in 196020 percent less popular than jimmy carter who got his clock cleaned by ronald reagan in 1980 and this is the lowest level of approval we have seen and is not getting any better and you really have to ask yourself not just his personal approvable when you look at this disapproval on every single major issue, i do not see how joe biden can come back from this suite of the u.s. economy mark has been powering ahead but there is hidden quickness is provided to watch and

among those top performers in the s&p 500 today, estee lauder, up 4.5%.corporation up 3.5% et si, ebay, paypal holdings, companies that are all moving to the upside there so keep an eye on those stocks and the stock move of the way, buy now, pay litter in affirm. up $50.42, surging to a high they are joining with walmart, so watch affirm shares big tieup with a big retailer that is driving the action there. back over to you >> dom, thank you very much. our dominic chu. >>> now, let's talk big picture here as we move through the holiday shopping season. steve liesman has the results of the latest cnbc all-america survey also with us is francis donald welcome to both of you nice and cozy here together. what are we learning >> click, click, gift. that's what i'm saying today after a two-year slump below the pandemic high, online shopping made a comeback this holiday season think of the numbers, 57% of america's online shopping as their top one or two christmas gifts. big box stores down three points 18% when we started -- look at this, kelly. >> wow >> i thi

and then, obviously, estee lauder as well operational where you've got the hackers coming in and sayingystems unless you pay us,.t. ununless you give us ransom. >> the world'sargest database, then you can spot realtime what someone is doing that is not right, but that you have to install that software and have to bring, yes -- of course it's self-serving, palo alto in he says this won't happen. it will not happen he says there are plenty of outfits that think, they, you know what? we don't have to worry because we're not really vulnerable, but they are. >> is th your favorite name in cyber? >> by far. second would bcrowdstrike. i think they do a very good job. but nikesh has the largest base of iormation of what's normal so you can immediately flag what's not, call the company it has to be instant it has to be that second or else it's too late. >> it does make you worry a bit about what's in store for us next year and the year after that and after that. >> you just have to hope they're more interested in david's information than mine. you don't have to outrace a bear i've just got to ou

pfizer, estee lauder vf corporation challenged companies dealing with their own problems, but also in the some space and something to watch. >> i'm glad you bring that up. i was reading -- i think it was the journal today, the underperformance in packaged foods, smuckers, con ag, all down 20-plus percent this year. higher rates have hurt the dividend. >> and also glp-1 drugs. people are worried about the impact as these drugs go mainstream of how much we're going to consume of packaged foods, i think that's been a problem. also there's been concerns about valium growth. the whole story for packaged food, they had this pricing growth when inflation was high. consumers reached a tipping point of how much they were willing to buy on these higher prices. that's been kind of a slowdown in the food space. if you're looking for turn-around candidates of lagging sectors, that is trading under the s&p valuation. >> put it on the top of your list. >>> when we return, topic for 2024 happens to be among the dow 30, not a tech stock. hear what one analyst has to say about it. taking a look at the