lulu's business inself isn't a fad. and while it's not immune to fashion mistakes or the competition, it's not going to make that many errors. what do you bay for the $2.23 in earnings that lulu's expected to earn next year given the volatility and the shortcomings? maybe 25 times because earnings don't -- because it's better than most but not immune to the woes of retail? well you, look at the trading stock and say i ain't playing. if you put a gun to my head, i'd say please take the gun from my head, but you know what, i would have paid 25% -- but on the trading desk, i'd probably say i ain't playing. if you can't up yourself, i'd suggest buying lulu under 57. very good company, but the stock ain't for the squeamish. matt from california. what's going on? >> i have a medium sized position in canada. should i strike while the iron is hot in sales? >> probably my most unpopular pick this year is when canada goose was at 16, and i said buy, buy, buy, buy, but you know what at 21 rb you know what i'm saying? buy, buy, buy

traffic volatility is something that's affecting lulu as well.we'll see. >> earnings come after the closing bell tonight. >> all right thaeng for having me. >>> stocks hovering a session high. by the way, if you missed it earlier if you're just waking up in guam or whatever, the dow hitting another all-time high today. incredible. apple's up 55% in the past 12 months. >>> how important is packaging? we'll speak with one of the winners of the ink 500 design award about his no bs rapper. back after this. i need someone that understands my unique needs. my dell small business advisor has gotten to know our business so well, that it feels like he's a part of our team. with one phone call, he sets me up with tailored products and services. and when my advisor is focused on my tech, i can focus on my small business. ♪ what if we could bring you by having better values? at blue apron, we work directly with more than a hundred family farms. so instead of spending on costly middlemen and supermarkets, we can invest in the things that matter most: making f

thank you for joining us on lulu retail. >> thank you. >> state of affairs.the founder of course of lululemon. david? >> yeah, a large shareholder still. thank you. >>> when we come back we'll have more on today's jobs report. goldman sachs's chief economist jan hatzius will join us. ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions, by sensing cyber-attacks in near real time and automatically deploying countermeasures. keeping the world of business connected and protected. that's the power of and. >>> taking a look at the shares of rest rare hardware, down about 20%. the revenues topped estimates. shares however getting slammed after the company cut its full year profit outlook. "squawk on the street" will be right back. since i added futures, i have access to the oil markets and gold markets. okay. i'm plugged into equities- trade confirmed- and i have global access 24/7. meaning i can do what i need to do, th

it used to be owned by lulu.hey were the new and the fresh look the new kids on the block the growth oriented dynamic to buying lulu, but to karen's point, it's down over 20% from that march high. so we're not even backtrack to there. we're straight back to 66 or so in march. i think if you have the luxury of taking chips off the table, i'd probably do that. >> what about our h? >> tim was on this one earlier. this was the $28 stock, i think tim my started talking about this thing. it rallied up to $66. it appears it's a relatively fair stock. with a full year guidance, it's still expensive. now the question is, are they sandbagging the whole year? for some reason it's not apparent to us t. quarter was actually good. this move down to basically $43 is a 50% correction of this entire move we seen basically from 20 up to about $60 give or take. so i think there is a real goods chance to be able to buy this stock tomorrow up 42.5 dollars with a tight stock on what will be a huge volume day. >> i think their sales gr

how about this lulu versus ibm fight? right? lu lululemon saying on the e commerce shutdown for 20 hours, that one is is kind of crazy. >> that's big, especially with ibm trying to gain cred. >> over to wapner and the half. >>> welcome to the halftime report. top trade this hour, bonds versus stocks and the future of the trump rally. with us for the hour today, jim, stephanie, josh brown, jon, with us onset as well is joseph. joining us is cnbc's senior economic's reporter, steve liesman and rick santelli. we begin this hour with the biggest question facing investors. if the economy is allegedly so good, the job market so robust, why do bond yields keep falling and what could that mean for the future of the trump rally? rick, makes me think something's got to break, something's got to give. bonds or stocks first? >> i think it will be mario draghi and the central bank of japan. i think one of the biggest reasons interest rates globally are going down is because traders always follow the biggest trader in the room. they always do

lulu, the cat woke up in the middle of the night because a mouse was in the house.and decided to let it go even though there causing ruckus. woke up in the morning and saw this, he left an inspirational message on the facebook page for the police department with the house #, feed the mouse. >> check out the footage of a guy going to prom with that one, not two, but three days. his mom brought in a camel from out of state, shipped in sand to create a dubai like feel the got a mural painted up to buy. she spent $25000 to do it. people were not too happy about that but he has a 3.9 gpa and a full right to college. >> moments like this of a family being reunited with the seventh member and their much loved dog bring out the soft side and all of us. >> the broken promise sanctuary in new jersey captured on video the family see in their dog after she was still from the backyard when they lived in long island, new york. the broken promises sanctuary brought in kelly after she was dropped off by someone they knew who found the dog wandering in the woods in salem county, hun

and leo fund put together by our colleague on behalf of his late children leo and lulu crim.ur, watch us do the show i've got a couple of books i'll sign for you >> join kelly and i fwr a drink. >> and if the bidding gets to $10,000, i will kick in $10,000 of my own money to match that bid. you want to tick in a couple of bucks there? >> yes, bill, count me in. >> you can join us for drinks as well anyway, so the bid is next tuesday. but get in the the bid in now. i know you all are lying in the weeds, but don't do that you don't want to miz out on this very important meeting. >>> we'll have the closing count down coming your way in just in a moment here. >>> and then after the bell president trump has positioned himself as a job saver coming up we'll take a look at threrdo r. (dance music) (large boat honking) ♪ i'm living that yacht life life life life ♪ top speed fifty knots life ♪ on the caribbean seas ♪ it's a champagne and models potpourri ♪ on my yacht made of cuban mahogany ♪ gany, gany, gany ♪ watch this minutes of trading here with the dow down 40 points as we await

♪ hey, lulu? have you seen my --? are you looking for this? yes. thank you.e? mm. mnh-mnh. this is the joys of having a roommate that goes through all of your things. all right. i don't mind. i don't. really, i don't. you know, she's my granddaughter. she's perfect. but...? i feel a little bit in the way, hon. what are you talking about? honey, you just got custody of your daughter. and your little family of three is now a family of four, and i think you need -- you need your space back. your daughter needs her own room. mnh-mnh. no. charlotte is perfectly fine where she is. and you are never in the way. this living arrangement is completely unacceptable. oh, no. spencer! is it rocco? is he snoring? he does that sometimes when he's getting a cold.

lulu. hey. [ crying ] charlotte's gone. ♪ voilà.

. >> maybe now apple, maybe lulu bidding. >> the content goes up. >> in that sphere. >> apple is very late to it. i don't think hiring a couple sony executives fixes anything any time soon. i think my point to gene was that if they really want to expand their foot print, they got to go to things right now where they can make a difference, that's music. >> i put on the man in the hole chasm, high castle. >> whole castle, ret oat -- red oats i love dill. >>> the traders think there is one stock that is a screaming buy. we're going to give you that name in the trade coming up. in the meantime, here's what else is coming up on "fast." we, the device loving people want more than just unlimited data. we want unlimited entertainment. so we can stream unlimited action. watch unlimited robots. watch unlimited romance. if you are into that. but we also want more like... unlimited hbo. can i stop dying now mark? no can't do mi amigo. it's unlimited. besides you are really good at it james. don't settle for any unlimited data plan. only the at&t unlimited plus plan comes with hbo included at no e

new for a look at newspaper headlines across our region trentonian reports a violent criminal on the lulu, hamilton morgan walked away from the halfway house in newark on tuesday. morgan was serving 15 years for violent crimes committed back in 2,000. >>> bucks county courier times reports that active negotiations are ongoing for sale of the saint katherine drexel shrine property in bensalem. once sale is complete, saint catherine's drexel body will be moved to the about a sill contact shrine plans to stay opened through december. >>> and times herald has photos from the montgomery county special olympics they took place, at hatboro horsham high school. congratulations to the athletes. that is a look at newspaper headlines from around the delaware valley. >>> up next pat's here with sports, good morning, pat. >> we have got shocking stats when it comes to just how bad phillies are playing, and a mascot does a bad thing but fanatic would never do this we will show what you got you knew when you cast it they'd lock you up. but that didn't stop you. you traveled far and wide, and others foll

lulu said, why should usa keep eu happy country to usa agreements. good for trump. is reference tojeremy corbyn here in the uk. also melvin munro says, the americans pulling out of the agreement is catastrophic for our world and should be repealed. jeremy you were talking earlier about reaction on the markets and also from businesses. it feels like there has been a huge and immediate response. it was channelled, i do not know if you saw emmanuel macron's speech, he finished in english saying, make our world great again. a direct challenge to donald trump to say if you are going to ta ke trump to say if you are going to take that position, i will take this position and i have more people behind me ready to fight back. this could be the defining, certainly characteristic of politics. we have economic some productivity and jobs and tech to talk about, but it could be channelled through this environmental concern. interesting you said a lot of the oil company bosses tweeted to say they do not agree with the decision. they have huge investment tied up in green energy bec

we kn business lulu is down 20% this stock is still up on the year believe it or not, but to me, if youan get through and investors aren't spooked by guidance >> to mel's point, so they just announced this big thipg, this is something you've been -- this is what we think is is going to happen that creates a backstop. so, the degree that people think that's a forward looking thing that investors are going to be thinking about thand mute the move out then the earnings is good, bad, somewhat indifference which is one of the reasons why you might be including to sell premium going into the catalyst because it is implying a larger move and there are plenty of reasons why it might not be so great >> what is this is not what i do trz why is nike acting -- what is the problem >> i think there's a lot of things going on here we talk about retail, i think they're one of the best out there. when you think of thafr actual bricks and mortar experience they control, it's phenomenal. they have a problem of some of the lower end, but say with a foot locker and that sort of thipg. look at the performanc

let's remember what this is for. >> no, absolutely. >> this is for the lulu and leo fund and i'm morehappy to add that amount. get above $10,000 and when it docile commit $10,000 of my hone money. >> will that show up in the bid price. >> then we better hit 10, people. >> got to do that. >> anyways >> go there now and place your bid. >> up next, a cable giant has wall street cheering on its first day of trade, but what happens tomorrow atus stay with us they are the natural borns enemy of the way things are. yes, ideas are scary, and messy and fragile. but under the proper care, they become something beautiful. ♪ dynamic performance, so you can own the road. track-tuned handling, so you can conquer corners. aggressive-styling, so you can break away from everyone else. experience the exhilaration of the bold lexus is. experience amazing. >>> okay we're standing here in front of the trading post where they are trading atus, today's big ipo created by the acquisition of cablevision and suddenly by the dutch telecongiant altice. >> 46 million shares they were going to float hand they uppe

here's how i feel about lulu the stock did not get a bump after that good quarter. i thought that was a mistake i lost faith, i was wrong. bu but here's the great news, the stock hasn't moved so all during that lost faith period while i was in the wilderness, i have been found and the stock's only 32. i'm going to say -- >> bye, bye, bye >> that last quarter was very good i'll take it i got canada goose price it's time to take a victory lap. the stock's been on fire and that's going to continue it's not just amazon and whole foods on fire. there's a merger between two big industrials still in the bag i'm going to give you an update. >>> and a thank god it's friday edition of "the lightning round" and of course a look back at "the week that was," so stick with cramer. with e*trade's powerful trading tools, right at your fingertips, you have access to in-depth analysis, level 2 data, and a team of experienced traders ready to help you if you need it. ♪ ♪ it's like having the power of a trading floor, wherever you are. it's your trade. ♪ ♪ e*trade. ♪ ♪ start trading to

right now we want to say good morning to lila and lulu. our pets for the day. out for a cruise in woodbridge. send us your pet teachers at right now ita area is the dads week giveaway. number seven, 703-528-7334, getting to get -- two tickets to james taylor. the final winner call to get a shot to win. autria: you would be the favorite if you gave dad this this weekend. kidd: we are on baby watch again here in the now. has beyonce given birth to her twins? twitter went crazy with rumors that she's in labor. one of my favorite tweet? "i need a heads up on when they plan to break the internet so i can cancel my plans in advance." [laughter] yesterday we reported that supposedly she was going to have them at home. supposedly now maybe she's at the hospital was born, it's two days later that they put out the release. the twins could he there. autria: and we haven't seen her lately. kidd: but i'm not on television i'm suddenly sitting at my desk watching to find out. coming up after 7:00, we will talk more about that hollywood reporter story with kris jenner where s

how about this lulu versus ibm fight? right?the e commerce shutdown for 20 hours, that one is is kind of crazy. >> that's big, especially with ibm trying to gain cred. >> over to wapner and the half. >>> welcome to the halftime report. top trade this hour, bonds versus stocks and the future of the trump rally. with us for the hour today, jim, stephanie, josh brown, jon, with us onset as well is joseph. joining us is cnbc's senior economic's reporter, steve liesman and rick santelli. we begin this hour with the biggest question facing investors. if the economy is allegedly so good, the job market so robust, why do bond yields keep falli

. >> sue lulu win ski is in with the weather. >> it is gone. >> rip current risk is high, not to mention, only that we have risk of, severe showers, thunderstorms, later on this line of strong storms is coming with the cold front an it will be at its war during evening rush hour. we have a flash flood watch in effect and showers and thunderstorms out to the west. nothing else going on at the moment. it is later on today and we will see these storms with the cold front starting to form about 4:00 o'clock out to the west say berks, lancaster county by six or 7:00 here they are in philadelphia. it will be loud, there will be lightening, thunder, heavy downpours and high wind by eight or 9:00 o'clock these storms have reached the shore. that is the timing. it all happens today. we will get to a high of 88. 85 degrees tomorrow. dry out first day of summer is wednesday, so far, so good the forecast and it looks okay for thursday as well, late day then are storms possible on friday. that is your forecast heading out don't forget to join us all morning long 101.1 more fm your weather authority f

lulu does it in its own stores, own direct consumer, own websites.emember that outage they had on the website? 20 hours down, which some analysts were worried about. had a chance to talk to him about that. he blamed ibm. he said ask ibm. that's where they have their server data. he said he was on the phone with ginni rometty, the ceo. he is looking at options now, clearly not satisfied with that. >> unusual they called ibm out by name. >>> restoration hardware's latest earnings matching forecast, revenues topped estimates. shares are down more than 20% after cutting its full-year profit outlook. the chain, which is moving to a membership model, says it will try to liquidate inventory for cash, which will boost revenue but hurt profits. >>> zumiez is reporting a narrower first quarter loss, shares are down as the teen retailer is forecasting a wider loss in the second quarter. zumi stock lost a third of its value this year. down 9%. >>> remember that massive british airways outage last weekend that left 75,000 people stranded? >> don't tell me it's ab

i think lulu has beaten back "lot of the competition. but in the age of amazon. where driving to the malls -- mickey couldn't entice people to go to a place they didn't want to go to begin with. who cares how the stuff looks if no one's there to see it? traffic, not the merchandise itself, is the real retail killer, as we heard today in a difficult presentation by macy's. which saw its stock drop 8%, to a 52 week low. pvh which we had of all time, has done a fabulous job putting together a house of brands. i would argue that manny's best move was diversify away from the united states where the real growth is, his second best? keeping inventories lean here in america. although it's important to point out that one of his designers of calvin klein just won the men's and women's designer of the year awards, which will boost sales in the big department stores come the fall. that's another reason to own that consistent company stock. really the only one i'm recommending in this group. pvh, it's the exception. macys is becoming the rule. just think about the landscape.

at 4:45, and, yes, i'm more than happy to write that check for $10,000 to add to the total to the lulukly, the dow up 22 points as we begin the final week of the quarter. and the first half of the year in what has been a very, very stable market. look at that, bob pisani that looks a lot like what has gone on this year so far, right? >> did have a lip dip. there was oil dropped earlier in the day, an i think there was a little concern about the supreme court allowing some aspects of the trump travel ban to comein about the impact you saw some of the airlines come down and general impact on that, but overall this is one of those days i want to remind everyone. we're only 12 or 13 points from another historic high on the s&p, so i know it's not terribly exciting, but we keep greepg up towards it your bid just popped to 13,5. >> i understand, and we're thrilled keep it coming it goes until 4:45 p.m. eastern time tomorrow, and we'll see who wins that bid there. thank you, bob. >> again, thank you for those bids still coming in the dow up 14. stay tuned for the second hour of "closing bell"

but for the most part lifting injunctions imposed by two trial courts, one in nap police, hon you lulu and appellate courts in richmond and san francisco, for the most part the president has the ability to usual statutes for instrumentation of foreign policy for national security is for the president to decide. trish: by the way did we already know that? did it have to get to the level of supreme court? >> some of us have been arguing since january the president has this authority and it is very clear. here is what is unique about this this decision is unanimous. ruth bader ginsberg agreeing with donald trump. how did that come about? i tell you how it came about. there are judiciary carved exemptions to the president's executive order which three conservative justices, justices alito, thomas and gorsuch is bad. the courts shouldn't carve out exemptions to what the president does on foreign policy. those exemptions are, if you come from one of the six countries that the president's ban applies to but you have a relationship, i'm going in quotes like this because the word is undefined w

certainly, see that lulu lemon is higher, and restoration hardware, on the other hand, had had a harde because of the guidance for theq2. inline earnings with the estimate, and revenue a little bit higher as well. that second quarter gieps thaui big, big miss on the 65 cents expectation. the full year looking for 1.67 to 97 and street looked for 2.16. that's why the stock is down almost 20%. back to you, kelly. >> yikes. yikes. leaving it there, jackie, thank you. how did broad com do? >> kelly, the semiconductor giant beat on both top and bottom line, 19 cents above estimates, and 3.69 versus 3.50, which was included, and revenue higher at 4.2 billion versus 4.11 billion expected. flirting are all-time highs, up 3.5, but note yesterday, hit a fresh all-time high, and after more than -- this is after more than 30% run for the stock so far this year, and it's been part of the surge in semiconductors we've seen, and analysts saying they see the relationship with apple as a near term catalyst ahead of the iphone8 cycle. they provide wireless components phenomenon iphone. on that note, re

. >> on the news, lulu. >> and the money here, that's the middle of not a lot.p 20 -- up to 66, and 36,000, tacoma pickup trucks, and -- for the 2016, next month toyota -- and toyota is -- today is national doughnut day, will hand out free doughnuts, and -- grab one, at dunkin' donuts, and that's a classic doughnut of your choice, and it is sheer photos, and it is using the # ,uuu. and -- yes, we like to get that,for our pool, and -- that's perfect. thank you. >> easing traffic on highway 87. there's a thank you study to take place, and . >> a water main break in belmont downhill into the back on several homes and coming up with theres now for several homeowners. ...where each drop was formulated to be smarter.... ...even smarter than that... ...so if a color didn't go on evenly, it would balance itself out to reveal its truest, richest state. if a paint could realize the fullest potential of any color... ...you have to wonder... is it still paint? aura interior from benjamin moo®e . only available at independently owned paint and hardware stores. ♪ ♪ award winn

we've got two, come on in here, lucy and ariel will help us from lulu dharma.cks. lucy told me she is going to europe in two weeks and was looking for something like this. so we've got her hooked up. ariel is a runner. had she's not running -- i love that style of wearing it cross body extra. there you go. look here, you step in. we have a third model here to tell you this. >> clip it in the back. >> there is an available extender and have rfid lining so these will protect -- you're going away too. i like that look. >> five different colors, these are available online. normally $42. these are slashed by 52%. 20 bucks and really the rfid lining is a terrific addition because it will protect your credit card data from fraud. >> oh, really. got the lining. cool when you turn it to the side. i don't know how you do it but you continue to do it and want to thank our partners on these deals. get all the details on our website and coming up "transformers" star josh duhamel is here >> good morning i'm tamala edwards, 8:27 a.m., thursday, june 22. let's head to matt pel

days we're focusing on fathers and sons and joining me chef instead of fan know co owner of la petit lulu porter, cooper and cody in the kitchen as welch thank you so much for coming in. >> you for having us. >> tell me about your new restaurant. >> we hoped three an haver months ago. pa tis serrie crepe -- parisian style crepes. we bake croissants every day. we have about 14 different types of crepes on the menu. they go from savory to sweet so we can a just for little kids to grown ups. >> we help with the menu, right. >> they do. they're our taster. >> what's yourav >> strawberry nutella. i think that's a good one, too. that's one of the best sellers we have. tell me about we're making today and what you make when you're home if you get a break i know with the new restaurant you're busy. >> at home we cook altogether. today we going to make two different types of crepes. salty, savory and sweet. >> of course we going to make strawberry nutella and porter will help us cutting the strawberries. >> you'll help cut the strawberries. come on. chop them up. >> let's see what you got. be care

that's one of their big markets over in europe i think also, that many of the competitors, whether it's luluic side or under armour, these two stocks have both moved up by about 20% in the month of june. and basically, nike is flat. so i'm not looking for huge outperformance i'm just thinking that they have a good quarter, and then the thing they didn't talk about last time when they talked about digital, they never mentioned amazon, this time i think amazon will be a big part of the call as to whether or not they have their own store on amazon after this >> stacey, it sounds from reports like they're going to be selling direct on amazon within a couple of weeks. what is that going to mean for the company? is that enough to give them another leg higher here? >> you know, nike right now has very small exposure to direct. it's only about 26% of the business so they're very much still beholding to that wholesale channel which we've heard so much about being in the mall the fact that they're going on amazon direct is a positive. they're able to get rid of all the third-party sellers and noise an

it is the lulu and leo fund which helps children and families foster creativity through art and creativeit was put together by a former colleague but still very good friend of ours, and we are so pleased to offer this. you can place a bid and watch us as we do "closing bell" and join kelly and me after the show. the bidding ends on tuesday, june the 27th. >> which is a week from tuesday. we want this to be higher than last year. the market is up no excuses >> exactly you know how we work there will be sweeteners in this at some point, and we can't discuss those right now, but seriously, it's a wonderful charity. very deserving and whatever we can do to help i saw what the current bid is there. come on. you can -- >> probably my dad. >> you can do much better than that. >> we see you already. time now for a cnbc news update and let's get over to our contessa brewer. contessa >> winners like the cnbc hat which you can wear back to your meeting with the board to prove you were at a cnbc event it would help your salary, right? here's what's happening this hour the supreme court has ruled the

the lulu and leo fund. find it on charity buzz.com. it helps families and children foster confidence and build resistance we're so grateful that the bid is up to $25,000. >> that's fantastic. >> thank you, everybody. >> that does mean officially that i will be kicking in an extra 10 grand of my own because i said i would, and that's the right thing to do. >> yes. >> such a worthy cause. >> start writing that check. >> but the bidding ends an hour from now at 4:45 eastern time and then we will see where it goes from here, but, again, thank you to all of you. not just the winning, but everybody else willing to pony up that kind of money. that's fantastic. >> do you think we can get it to double in an hour? >> i'm not going to guess. when it popped that much that was unbelievable great to see thank you so much. >> 18 minutes left the dow is down 55 points as we head to the close. darden restaurants serving up solid earnings today we will tell you which one of its ght an l t w feibrdsedheayor that quarter coming up (baby crying) ♪ fly ♪ me

lulu clement is a name to watch today. home from the final frontier we are headed to the international space station as to crewmembers plan to return to earth. they do not deserve you. the high hopes hollywood has ever wonder woman. as it hits the big screen this weekend. a supreme court showdown. late last night the trumpet ministration as the nation's highest court to take up the case for oral arguments in overturn the for the fourth circuit court of appeals decision. the president's order president's order with temporary band travel. iraq was removed from that list in the revision. injure, good to see you today. what you think about the supreme court. i don't see how it can't. both sides have gotten a little bit more ammunition for their argument. i expect them to look at the manchester bombing and say that the parents were from libya. the vetting procedures need to be reviewed. and this is just a temporary measure to give us time to review those procedures. we sell this issue of the bomber was a uk citizen. this would

since the ipo in 2007, despite some pr mishaps along the way, it is up 250% for lulu. would take that, you know. 10-year spread, you get 250% return. i would take that, even though i didn't know what yoga pants were 10 years ago. that is another story. nicole, thank you very much indeed. see you shortly. >>> it is friday, we like to bring you what i call, gee whiz stories for you. this is the dragonfly drone. ashley: coolest thing ever. we think of drones, we know roughly about the size. check that out. how about that? it has all sorts of implications. of course, let's be honest it would be amazing spy tool. so small it can get into areas. right now flying straight. the biggest challenge for a drone this small is battery you power, right? stuart: yeah. ashley: it can only last for short amount of time. they find out by using light they can actually re-energize this particular drone. it is in the process but they believe they can get it to essentially behave just as a dragonfly would. this is james bond stuff, right? there was the a movie where they had one of these thi

shares of lulu lemon jumping. also comp store sales, revenue, and gross margins.ny also raised it full-year profit forecasts. becky? >> joe, thank you. >>> let's get to our guest to talk about jobs in america and the markets at record levels. joining us now, chief economist at rbc capital markets. karen kavanaugh is also here. karen, what do you think happened yesterday? we saw almost a melt-up that happened through the course of the day. dow pushed through the last closing high. what is this? >> i think the investors are realizing the economic data is good, jobs market are good, so there's no reason not to be in the markets, and i think it's finally taking hold. there's still a lot of pessimism out there, but a lot of people think we're in the eighth inning, ninth inning, but they don't realize this is a potential double header, especially if we get any kind of reform, tax reform, regulation reform. this could keep going and investors are realizing that. >> where do you think we are if this is a double header, early innings of the second game? >> i don't think we