. >> we're watching the shares of lululemon. the retailer announcing that christine day will be retiring and that is moving the stock right now. courtney reagan has been listening to the conference call. any details? . moments ago one of the analysts said christine, what are your plans going forward and she said, almost it's business as usual for me. i'm planning on coming to work and focusing on bringing lululemon string results through the end of the year. at least from what she said it doesn't sound like she necessarily has not job lined up just toeing the company line and saying we've done great things. it's time for a new leader to come in. wall street disagreeing, those shares after hours taking a plunge after the company beat on every metric for this first quarter. looking forward for the second quarter topping con kensz estimate she tried to say for both eps and revenue. really the reaction is all in the announcement and surprise departure of christine day. she's only 51 and been the company for five and a half mother. >

christine day stepping down as ceo of lululemon. i guess the thinness of the yoga pants was something more than she could take. housing sector today actually took a big hit especially in the afternoon. housing is one. top sectors for the economic recovery and great performer for viewers. are you concerned about housing as you weigh the fed and weigh the economic slowdown? >> cheryl, this is interesting. the disconnect that david brings up and the tainting of economic picture, normally when you see the rotation out of the defensive parts of the economy into more sickly sensitive parts of the economy, it really portend either the final innings of a bull market, and remember, we're at the fifth year of a extraordinary returns off what was very a very deep bottom how equity markets versus the real economy pricing commodity prices suggest there may be a little bit of a space there and the two may need to reconverge the divergence is so significant. obviously the housing market that is one place where this will come into place. lumber act

coming up, lululemon stock tanked in a downward spiral yesterday. find out if buying shares of the yoga pants maker is a stretch. chart talk is next. joining us now is tim biggam of trading block for a look at the charts on lululemon. good to have you on the show this morning. - always great to be here. thanks angie. - this chart has been unbelievable. when the yoga pants scandal happened, the stock fell apart, and then came rip-roaring back. now it's falling again. what do you make of this, tim? - really that kind of previous noise on the yoga pants was a two-day event, and certainly we more than made up for that. the stock rallied about 20% after that. this is all based on earnings and the ceo leaving, which, rumblings on what's the story behind the story here. so, earnings came out pretty much on the mark, margins a little bit less than expected - that's the real story here. but guidance going forward up here, so i kind of like the stock somewhere in the mid-$60 level here. we are looking at valuations, probably looking, they uped their guidance

. >> what is going on with lululemon? then the chairman unloaded company stock at a very inopportune time. we will find out if this is a stock that should be in your portfolio. >> hollywood tightens. steven spielburg and george lucas have been at forefront of how you view movies. now they may be changing prices. >>> the settingor getting a big boost so far this year app angie's list up 114% this year. yelp, linkedin, groupon, all up more than 40% to date. facebook seems to be the only one left out of the party. >> what are other social media companies doing right that facebook seems to be doing wrong? with us is anthony from barclays. welcome to ""closing bell"". >> thank you. >> the stock that turned out to be a tease of late, why can't it do anything right? it got 30, then all down hill from there. >> i this i there is a pervasive question is, is the level of engage the on the facebook platform, to drive the return on investment for brand of marketers. as you know, it is a growing media landscape. you have pinterest whi

i'm going to ask gil morales about lululemon the stock. a company, the virtues selfish investing. and what does the question make of lululemon and how much attention the thing gets. >> you described lulu as a day trader stock, but it acts fairly stable. if you look at the chart of the stock, it's been moving side ways and the last two, three weeks, it's moved to new highs. you've got a stock trying to break out of a nine-month consolidation and earnings. the expectations are low and they're looking for a hard number of 30 cents a share, today after the close. i think if the company comes out ahead of that and i would expect them to do that, and i think the stock is going higher. you've seen the retail apparel groove look good here. >> i think we've given you enough time for lululemon. what is the stock of the week, come friday afternoon the end of this week, i'm going to look back over the week and say which is the stock of the week? >> oh. well, i tell you what i'm looking at today as a potential trade for the week, it's linked in. the st

what lululemon did to fix an embarrassing problem with this yoga pant. >>> we'll tell you about a late night move for net flicks, the los gatos company appears to have a brand-new home. >>> trolls and dora the explorer next in business news. >>> clouds, meanwhile 69 here in san jose. we're going to keep that natural coolant on for two more days, then the heat is on. the hottest weather of the year so far. we'll tell you what that means for you when nbc bay area comes right back. . >>> the los gatos town council has given go ahead for a controversial business park in hopes of keeping netflix from skipping town albright on winchester boulevard and albright way. the council did cut down the size of the project limiting the square footage and height of the proposed buildings from the developers original plan. netflix is growing and says it needs to move to a bigger building of the company has already signed a ten-year lease for one of the new buildings. >>> okay. here is a question. who is your worst critic when you're driving a car? a brand-new study says spouse or significant other. that

after a three-month wait lululemon aficionados can exhale. they're busy stocking shelves across the country with a re-engineered version of the pant. are they really thick? i bought a new pair and head to yoga works. what is the big deal? >> it is a big deal. >> the last thing you want to worry about is if you're flashing everybody else in the class. >> let's just put our hands in here so i'm stretching it as hard as i can here, i don't see my hand. i see a little bit but, no, that's pretty. >> pretty good. >> reporter: lululemon plunged 19% after ceo christine day announced her intention to step down. they've been a wall street darling after transforming the niche retailer into an international megabrand in just five years. she increased sales by 5 1/2 times. 1.4 -- >> but then she had to go apparently. >> she voluntarily left. >> got you. >>> all right, now the search is on for somebody who can speak s sanskrit to -- >> she speaks sanskrit fluently. >> i'll just go with invisible pants. i'd do better off there. let's talk about the weather.

lululemon gained $2 yesterday to close at $66. gannett is gaining power in the tv market with its buy of belo corporation. the $2 billion buy makes gannett the fourth- largest u.s. owner of major networks. belo owns and operates 20 television stations, with nine in the top 25 markets in the u.s. gannett is already the nation's largest newspaper chain. gannett stock closed at its five-year high of $26. caution is in the air for southwest airlines. the ceo warns travel demand this summer could fall off as more sequester budget cuts take effect. he says passenger revenue will likely fall into the low single digits in the second quarter. the airline's bookings in march were soft, but were more in line with expectations in june. in a new sign that the housing market is changing direction: banks have started to repossess more homes. repossessions rose 11% in may. as home prices rise and inventory drops, banks now have no reason to hold back on foreclosures and are rushing to get those properties back onto the market. north carolina, ore

. >>> on "cbs moneywatch" now a new ceo for lululemon and drones serving up food.ley morrison is here in new york with that and more. good morning to you, ashley. >> good morning to you, anne-marie. asian markets finished lower. after the bank of japan held off on new steps to curb the volatility in the bond market. tokyo nikkei dropped more than 1% while hong kong's hang seng lost 1%. standard and poor's improved its outlook for u.s. debt from negative to stable thanks to stronger finances and an economy that is roughering, but the news left wall street unimpressed. the dow fell 9 points while the nasdaq gained 4 points. >>> the senate voted to improve a $5.4 billion program. to provide more aid to rice and peanut farmers. it also cuts 400 million or about half air percent each year from food stamps. the house still has to vote on its version of the bill. >>> lululemon's ceo is stepping down after more than five years on the job. christine day will leave at the once it hires a replacement. it comes just months after lululemon pulled one of its yoga pants from the

the wacky new help wanted ad for the embattled yoga company lululemon now looking for a new ceo. >> i am disqualified for that job for many, many reasons. >>> also, this morning, it's the latest risky move in the ongoing high-wire act known as the chris christie show. the republican governor of new jersey, a possible presidential contender in 2016, now sharing a stage with super democrat bill clinton. what is christie up to now? we'll get to that coming up. >>> but we start here with that harrowing scene up in the air overnight. a male passenger on a flight from knoxville to denver sweating and shaking and then declaring that there is a bomb in his bag. the flight crew leaping into action, and abc's gio benitez is on the story. hey, gio. good morning. >> reporter: hey, dan, good morning to you. that crew grabbing the man's carry-on and using seat cushions to cover it fearing a bomb was inside the bag and about to go off. overnight 136 passengers and 5 crew members evacuated from this frontier airlines flight in denver. one passenger on that flight tells abc news, "it's all because a m

lululemon is one of today's biggest decliners.y the way, some disappointing details in its earning report as well. you can see the concern among a lot of investors there. >> time for the road map this morning. markets selling off today. dow is off 71 though. close to session highs on these worries out of japan, germany, all around the world weighing on investors. we'll tell you how to navigate this volatility. plus, our boss, comcast chairman and ceo brian roberts will join us live in a few moments. and then facebook holding its first shareholder meeting today. we will be joined by one of the shareholders who says facebook needs to grown up. and then sony unveiling the playstation 4. >> we'll start off with the markets. the dow coming back after being down triple digits earlier but concerns about the fed and global markets weighing on investors. dan greenhouse is chief global strategist at btig and a cnbc contributor. da d dan, good morning. let's talk about the fed and the conversation we're hearing around here and a lot of peopl

lululemon is bringing back its most popular yoga pants back with a new design.back in march they recalled some of÷ too reveal. the pants are already available in some stores and online. among the changes, the new pants have more fabric across the rear so they now won't be see through. >> an earlier wake up call in san jose when a car slammed into a house in the bay view district. you can see the suv partially into the garage. >>> well hunger is an old problem with a new name. food insecurity is the preferred term among people who think about ways to solve the problem. >> not only are there new terms there is a new way of thinking of how to fix the problem. a case from tonight's bay area proud is coming from a new generation. we have a story of a young man already making great strides. >> the idea that a single person could come up with legitimate way to change the world but have easy access to all of the technology at his fingertips to do it, 20 years ago it was not possible. what he is doing all before being old enough to drive in tonight's bay area proud. to t

hear what lululemon did to fix a very embarrassing problem with the yoga pants >>> ford is issuing a major recall after discovering a fuel week in some of the cars. we will tell you who is affected. >> an evacuation order still in effect. firefighters finally gaining serious ground on the maps of wild fire burning north of los angeles. we will have the latest details of the powerhouse overnight. >>> why prosecutors have dropped the charges against one of the men accused of killing a man just last year. >>> welcome back, a live look at the bay bridge. what you have seen is not what this artist intended. you remember the big light displays. hundreds of those lights are broken. some of the lights are stuck on. some are simply just completely turned off. so it is basically the lights that malfunctioned. this is what it is supposed to look like. hundreds of the 25,000 lights last month began to malfunction. they hoped to have the time to fix them in the next few days. >> have to work out some kinks >>> ford is recalling almost half a million cars and suvs. 2013 models are affected. the fu

people wait for that. >> lululemon, the stock up 30% since april 1st. -- >> oh, come on. >> or is it -- >> you can see right through this one, though. >> seriously? >> nice, steve. >> seriously. >> dan. >> it has shook off all of that negativity. this was expected in the price move. i would be a buyer. >> question is, dan, in your spinning class, what are you wearing? >> sorry. >> listen, the dudes are starting to wear lulu. >> meaning you? >> on a purely technical setup, this thing, after having a rough go after high profile earnings misses this year, it is trading back at all-time highs here. if they start getting things right, i think you see a breakout here. >> the estimates have come down by a third because of the transparency issue that they had. >> nice way to say it. >> 32 times earnings. shorts have been piling into this thing. i think it's 23% short interest now, whatever -- i mean, it's tough to play these names to the short side. you have to way for the blowoff tops where there's huge volume. then maybe you can get in. otherwise, stay away.

where is lululemon after its chief stepped down. lululemon is trading right now. when you talk about christine day, christine day, as she steps down she's going to stay on board and guide the company until they get a new ceo, but it was down 10% after hours yesterday. ubs, janney, canaccord, citibank, cut, cut, you cut, cut, cut, lululemon. >> okay. >> that's what we're talking about. >> that often happens with retailers especially when a popular ceo steps down, 14, almost 15% right now, right about 70 bucks a share. back to you in a second, nicole. i want to move on to apple. it's rolled out updates to the operating system and an mac book and a pressure app and icon designs and poke fun at steve jobs in the process. tell me about apple, when do they he open? >> i don't like that, i don't like jokes about other people and i certainly don't like jokes about somebody who has passed. so i don't like that, but i will say that the stock is to the down side today and we know at that apple has everything from the new mac book air, the i-ra

own hoda kotb. >> i love lululemons.the company's chief executive officer christine day announced she'd be stepping down for personal reasons, it sent stock prices tumbling by 17%. lululemon was forced to pull its brand from stores and websites due to complaints by customers of a too sheer bottom that left little to the imagination. now the company is stretched thin as well, forced to face a future without its popular leader and wondering if consumers will still be willing to stretch their wallets with a high-end brand. what will the change in lululemon mean for the brand and for consumers? dana telsey is a retail analyst. dana, good to see you. >> nice to see you. >> this was the "it" brand over the last couple of years, and now if you're a consumer and you love this stuff, you're watching real problems at the company. does that matter to consumers at all? >> no, it's about the product. it's about the product, having it in stock, having new categories to expand into, and it's still working. >> i was watching, after the

. >>> the follow continuing, lululemon making more headlines this morning in the wake of its yoga pants recall. >>> just like that, a crime ceases to exist. how apple is solving the stealing of iphones coming up in business tech. >>> lululemon ceo stepping down as the company tries to rebound from a recall of one of its popular styles of pants. christine daye will leave once a replacement has found. she recently came under fire when lululemon had to recall yoga pants because the fabric was too transparent. experts say the fallout from the recall is forcing that ceo out. >>> shares in tesla meantime taking a dip as investors get charged up over batteries. scott mcgrew, you said all along tesla is a battery company first. >> tesla is all about batteries. you recall it was huge dues when tesla announced leasing. that, too, was about batteries because it means you can give your tesla back to the dealership before the battery pack wears out. tesla even guarantees its battery. this is the primary reason you see so many teslas on the road. people aren't worried about the service life of the ba

what happened with lululemon. >> that's right. we're getting the earnings announcement, a beat on the top and bottom line. perhaps the bigger news is that the ceo, christine day, will step down after 5 1/2 years at the company. she is the company's ceo. she will wait until a successor is named. we don't have a reason at this moment. you can see shares are taking a hit. remember, just last quarter, the company having that big recall of those pants, with them being too shear. some of the executives are facing trouble over that. it looks like christine day, ceo of lululemon, will step down as the ceo once a successor is named. we'll bring you more once we have a bit more of the details. >> anybody wear the pants? >> i do wear their yoga pants, but perhaps i can't comment on that. >> i'm not going to touch that one. >> never look good in yoga pants. >> rick santelli, what did you make of today's market and why we saw so little volatility after such a very volatile week last week? >> well, i think that -- especially when it comes to in

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comes months after lululemon puy oga pants because of a sheer problem.t the company $67 million. shares fell 13% after yesterday's surprise announcement. >>> the labor market may be slowly improving. the competition to land a job remains fierce. >> jill says there is one tool every current employee and job seeker should be using right now and using it the right wie. she joins us with more. what's that tool? >> it's not ry a secret but i learned firsthand the power of using linked in in a way smarter passion. i'm speaking at a linkedin conference. and my own profile was terrible. vowed to give me a linkedin make over. he says every linkedin user shod answer. number one, what do you do ? number two, who do you serve? and number three, what do you want to communicate to the people you are trying to attract. these are tough questions actually. >> i'd imagine so. i was telling frank my profile is not updated. i'm in the same boat, jill. so what else should we do to improve our profiles? >> once you have the answers to those questions, you are ready to get goi

lululemon has come up with a formula to fix the see through pants.enzo ] i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service® works for thousands of home businesses. because at usps.com® you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small. that's not much, you think. except it's 2% every year. go to e-trade and find out how much our advice and guidance costs. spoiler alert: it's low. it's guidance on your terms, not ours. e-trade. less for us. more for you. [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] >>> that's a nice crowd joining us on the plaza today. >> it is. >> squawk on the street, lululemo

lululemon? >> lululemon is selling off.ome issues surrounding lululemon as a real niche. it is yoga pants. they made it a staple. they have thethe see-through pa. they were off the market for three months, those particular pants. they restocked them. the story over the last 24 hours has been the ceo's departure. christine day said she is going to leave the company. she is the ceo people have been hot on. we're watching lululemon. she will stay on board until they replace her. but it brings uncertainty to the company. year-to-date it is a loser and today selling off. back to you. adam: thank you, nicole. lori: well the fallout from the nsa seizure of phone records continues. the american civil liberties union filing a motion seeking release of secret court opinions which allowed those records to be acquired. the group's washington legislative director laura murphy joins us now. welcome, laura. >> hi. lori: if successful winning this motion when do you expect the opinions from the fisa secret court will say? >> we expect they

she will remain at lululemon until a replacement is named afternoon. in april the chief product officer stepped down after the company had to pull the yoga pants off store shelves including many in the bay area. you will recall, they were too shear. only recently, has lululemon started to sell the pants again. >> quaterback tebow is expected to sign with the new england patriots and report for camp according to espn. tebow mania took off two years ago when he led denver to the title but he was traded to the yets and spent the the season there but he is reunited with a defense of coordinator, the bronco head coach in 2011. >> a north bay animal shelter will shut down closing after 50 years of operation much the shelter board made the decision to close because of a lack of donations. the shelter lost $200,000 the last two years alone. right now, there are 40 dogs and cats at the shelter and they likely to go to sonoma county animal care and control. >> we will town things over to mike nicco and it is gray as we start the day. that will change? >> it will

lululemon is all-time high. they pulled off the lululemon yoga pants off the shelves. they were see-through. they were in fact see-through despite stringent tests and the like. they're putting these things back on the shelves. you can see the stock is reflecting that good news of getting merchandise back to the customers. you can top 1% and moving to new highs. back to you. ashley: be interesting what the stringent tests what they went through. tracy: we'll investigate that. ashley: nicole, market is down 134 points. tracy: coming up when it comes to the irs scandal we'll hear from one tax expert who says president obama is worse than richard nixon urgs i'm not a crook. first look how the dollar is moving right now. we know it has been strong today. that has put pressure on the market. as you can see for more of these currencies they're moving lower against the dollar, euro, pound, canadian dollar, mexican peso, the yen, all down against the dollar today. we'll be right back (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's

george zimr has done fantastically and the ceo of lululemon has done well.st talking about recalls in the automotive industry. it was not a reason to step down. what bothers me are the bad ceos are the ones getting fired. charles: inow you wanted to say something. >> i am right there with you. the bad ceos are not getti fired. the good ceos are actually getting cned. something is wrong with that eqtion. charles: see you guys later. all right, and nba star, oh my. every day something crazy ccmes out about t health care law. out about t health care law. now the need basketball s copd makes it hard to breathe... but with advair, i'm breathing better. now i can help make this a great block pay. ♪ [ male announce ] advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve yourlung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not bused more than twice a day. people wit

george zimmer has done fantastically and the ceo of lululemon has done well.alking about recalls in the automotive industry. it was not a reason to step down. what bothers me are the bad ceos are the ones getting fired. charles: i know you wanted to say something. >> i am right there with you. the bad ceos are not getting fired. the good ceos are actually getting canned. something is wrong with that equation. charles: see you guys later. all right, and nba star, oh my. every day something crazy ccmes out about the health care law. now the need basketball stars. amazing, but true. take theseags room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] ju put it on my spark card. [ garth why settle for less? h, oh! [ garth ] great businesses deserve limited reward here's your wake up call. [ male aouncer ] get the spark business card om capal one and earn unlimed rewards. choose double miles or 2% cash bac on eve purchase evy day. wh's in your wallet? [ crows ] now where's the snooze bton? charles: w

george zimmer has done fantastically and the ceo of lululemon has done well.e just tking about calls in the automotive industry. it was not a reason to step down. what bothers me are the bad ceos are the ones getting fired. chles: i know you wanted to say something. >> i am righthere with you. the bad ceos are not getting fired. the good ceos are actually getting canned. something is wrong with that equation. charles: see you guys later. all right, and nba star, oh my. every day something crazy ccmes out about the health care law. out about the health care law. now the need basketball s there is a pursuit we all share. a better life for your family, a better opportunity for your business, a better legacy to leave the world. we have always believed in this pursuit, striving to bring insight to every investment, and integrity to every plan. we are morgan stanley. and we're ready to work for you. charles: while lebron is celebratin you should worrying. things are getting weird and desperate for the health care law. he details the government wants the nba to help

lululemon is betting big on men.stores by 2015. 20% of the sales come from men, and liz is an analyst along with sam, and sam, we asked you before the break, is this really what the world needs? >> well, it is a really good stock and it is -- i thought this would happen for quite some time once the percentage of the business warrants giving it its own space. >> why has it been outcomeping the rest of the business? >> because it is a smaller number, and it is sort of love large numbers on the women's side, and the men's business started out with a little bit of floor space, and they keep evolving the product. they have recently hired a new head of men's design who is taking over. and he has had a few things hit that have done significantly better and talking about the polo shirts and so on in the for the men's business that are doing well right now at the same time. >> and that didn't stop you from going from buy to neutral recently, and due to other concerns regarding christine day's departure? >> well, definitely. i

nature at its most delicious. >>> good news in you like lululemon. they are bringing back the yoga pants with a new design. they recalled some pants because the fabric was too sheer. the new pants are already available in some stores and online. among the changes, the new pants have more fabric across the rear end. so they won't be see-through anymore. >> i see what you mean. >>> federal prosecutors say apple's plan to fix ebook prices was totally transparent. >> prosecutors continue their case in a federal courthouse in new york city accusing apple of trying to artificially set prices on electronic books. on monday, they ran the judge through a power point presentation showing off some of the evidence they have been able to gather, including these hand-written notes taken by apple executives during meetings with book publishers and even this e-mail between two book publishers that said, i think it would be prudent for you to double delete this from your e-mail files when you return to the office. prosecutors have this e-mail from a top lawer at simo

, the recent issue with christine day, it has not been a great couple of months for workout guru lululemon this job posting is any indication, the irreverent brand will rise again, publishing their website, they posted candidates who are passionate about chief executive's type stuff, can stand on their head for ten minutes straight, speak sanskrit, and have both oprah and bill on speed dial. it is now time for tonight's closing arguments. the season of proms and high school graduations is upon us. and parents everywhere will host parties for their teens, parties that have the potential to get out of hand quickly if underage guests trying to sneak in alcohol. that is a big risk. because parents could have criminal charges against them if

christine day says she plans to leave lululemon as soon as a replacement is found.three months after the company was forced to recall its top-selling pants. they were so sheer women were u. lululemon stock was down 14% in after-hour trading. >> i hate it when that happens. >> you do? >> do have you any lululemons? >> i don't think you hate it. >> i was being sarcastic? do you have any? >> no, i don't. you know what, a lot of those pants are sheer, not only from lululemon. >> yeah? >> yeah. especially if you try to pack a whole lot in there. >> nice. >> 15 pounds in a 10 pound sack -- >> doesn't always work. >>> here's a look at your tuesday weather. severe storms from montana through the dakotas and midwest. showers from seattle to portland. record heat in the southwest. scattered thunderstorms along the gulf coast from corpus christi. houston and new orleans. morning downpours in the northeast. >> upper 70s from detroit to new york. 90s from dallas into the central plains. mostly 80s across the midwest. 60s in pacific northwest. 108 in phoenix. >>> quite a scene in

comes months after lululemon puy oga pants. cost the company as much as $67 million. shares fell 13% after yesterday's surprising announcement. >> good news for apple fans. the coopertino company -- in sao alone half of all robberies involve cell phones. the activation lock is all part of the new ios7 software which was unveiled yesterday at the worldwide developer's conference. >> and now with activation lock, if a thief tries to turn off find my iphone or wipe the device entirely, they will not be able to reactivate it. >> san francisco da says he's impressed by the activation lock. later this week, he will attend a smart phone summit with representatives from apple, google and samsung to discuss smart phone theft. >>> at&t cell customers will have to wait out full contracts before upgrading phones. no phone upgrade until the two years runs out. at&t joined verizon stopping upgrades. >> 2013. guess who started a twitter acct ? >> yes, it's hillary clinton. first lady, u.s. senator, secretary of state, dog owner, hair icon. pretty good. perhaps the most important the

coming up next, shares of lululemon going sour.ing after christine day announced she will be stepping down. is this dip a buying snunt the question sparking a street fight. and face bak holding its first an bul shareholder meeting. paul meeks will join us and tell you whether this long time bear might be changing his tune. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros coming up next, shares of paul meeks will join us and tell . and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. in parks across the country, families are coming together to play, stay active, and enjoy the outdoors. and for the last four summers, coca-cola has asked america to choose its favorite park through our coca-cola parks contest. winning parks can receive a grant of up to $100,000. part of our goal to inspire more than three million people to rediscover the joy of being active this summer. see the differ

. >>> investors on monday will be keeping a close eye on sheer clothing line from lululemon. they had to pull pants because they revealed a little too much of the backside. >>> gas prices shot up, 24 cents a gallon in tid many west and chicago, but dropped 12 cents in california with the national average price for a gallon of regular down 2 cents. >>> lost airline baggage a thing of the past? well not yet. but airbus revealed bag to go. it tracks your bags using gps, it corrects your bag to your smartphone. >>> up next, meet the woman with over 400 grandchildren going into the great-great grandchildren. >>> plus, toe wrestling and french open flare-up, that's all coming up with your sports highlights. stay with us. i met a turtle friend today so, you don't get that very often. it seemed like it was more than happy to have us in his home. so beautiful. avo: more travel. more options. more personal. whatever you're looking for expedia has more ways to help you find yours. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% veg

investors will be keeping an eye on lululemon athletathletica. back in march they had to pull a bunch of pants because they revealed too much back side. >>> gas prices shot up 24 cents a gallon in the midwest and chicago but dropped 12 cents in california. with the national average price for a gallon of regular down 2 cents. lost airline baggage a thing of the past? well, not yet. but airbus unveiled bag to go. what it does is tracks your bags using gps or rfid radio frequencies which connects your bags to your smartphone. >>> porsche is celebrating 50 years of the beauty. the 911. drivers lining up hundreds of the hot cars from all generations in portugal in anticipation of a 50th anniversary edition that will be unveiled in september. don't expect a radical change in body style. >>> up next, meet the woman with over 400 grandchildren going into the great-great territory. >>> plus, yeah, we got this. toe wrestling. french open flare-up and all your sports highlights next. >>> you know it's a big family tradition for louisiana native littlie mckn

shares fell 8% when lululemon reported earnings after the close that topped wall street's expectations but also said ceo christine day is stepping down in the wake of the see-thru yoga pants ordeal. shares of booz allen hamlton dropped yesterday on word its employee edward snowden leaked the information about the government's survielence prgoram. snowden worked at the government contractor for 3 months. flight delays and disruptions are expected the next 3 days in europe as union workers strike against a european commission request that airlines drop a number of flights. let's get a check now on the bond market with doug rothschild. he's with performance trust. always good to have you on the show, doug. and the s&p rating call yesterday with the rating of the u.s. debt being put at "stable," does that change anything in the bond market? - we're not sure it does change anything. there's still certainly volatility that has been introduced a lot more. keep in mind the reason that the s&p downgraded the u.s. was because of bad management. they were worried about the fiscal cliff and the de

"lululemon" is reintroducing its yoga pants. they are back. they were pulled in november because they were too sheer. now they are made with a new fabric that minimizes stretching which means no see- through and the company says the material has been put through 15 specific tests just to be sure. >> well, so happy about that. [ laughter ] >>> it's lunchtime. father-daughter duo tony and stephanie tantillo are serving up egg sandwich. >> reporter: let's do sandwiches for this week. >> i'm okay with that. mexican egg sandwich. it's nice to have a variation. here we just have two large eggs and chorees so. we cooked the chorizo and put it in the eggs actually and i just gave the egg a lot of yellow and orange color to it. >> this is like mexican street food, too. avocados to it. >> yup. >> and then if you don't mind add a little sliced tomatoes. nice. and some pepperjack cheese. >> yup. put that on the eggs. and you want to put this together with a little cilantro. and then a little bit of petter. >> you forgot my favorite part, the jalapeno. >>

lululemon, of course, has had a huge selloff, but, again, it's a -- it's a very pricey stock based on a conservative discount to cash flow analysis so that's another stock i would avoid. >> kenny polcari. we saw the selloff yesterday, but everybody has been waiting for this correction. >> that's right. >> do you view this as an opportunity? >> i think it is both an opportunity and an overreaction, right. i mean, certainly the market got well ahead of itself, but i think that on days like this, the long-term investors that have been waiting patiently as the market ran away from them, these are the days where they are -- they are actually feeling good about this because they have the opportunity to put some money to work at prices that are much more reasonable. >> do the higher interest rates that we've seen the last few days worry you at all? >> eventually if they keep going up, but that's an initial reaction. i don't think they are really going much higher because i don't think the economy is that strong yet. that would be another conversation on the line, but i think the interest rat

lori: that is how i feel about lululemon.t is one solid product. >> i think it is not is not to buy the stock down here. >lori: triumph carnival ship heading back to see after the upgrades. you may recall the engine fire in february that made national news video passengers stranded at sea for several days. the triumph expected to set sail today at 5:00 p.m. local time and believe it or not it is completely booked. the upgrades including new bars and restaurants but the carnival ship has been outfitted with advanced fire suppression systems. shares up more than 20 .5% on the day. adam: that is the issue that was the problem. let's keep it clean. microsoft, everybody had some exposure to microsoft. the major deal bringing tech closer to your neighborhood. microsoft windows ceo tami reller on the new store within a store contest aspec at best buy. lori: charlie gasparino coming in with a possible nasdaq acquisition. coming up after this. ♪ if you have high cholesterol, here's some information that may be worth looking into. in a

lululemon is attempting to end the sheer madness surrounding its yoga pants. the athletic wear retailer is coming out with yoga and running wear that has more fabric across the back. the company's stock plunged in march following unwanted episodes of yoga pants made of a knit fabric becoming see thru when stretched. the stock has climbed higher since. reinforced black pants will be available this month. hilton hotels says it will no longer offer room service at one of its largest properties. in-room dining will end this summer at new york's hilton midtown - a long-time tradition, but the service is not profitable. the hilton ceo expects other hotels will also cut back on in-room dining as a way to boost profits. still to come, young, rich and ready to invest. insights from a guest who made it big at the age of 25. that's later. but first, tweet your way to a new job. why more companies are tapping into twitter to find employees, straight ahead. social media - first used for silly social interactions, it continues to find a footing in the professional world. ta

of lululemon is leaving after embarrassing women across the entire country. the company was forced to recall the top selling pants for being too shear. that is >> covering san rafael, south bay, pleasanton and all the bay area this is abc7 news. >> welcome back on this tuesday morning. san francisco muni officials are concerned about a growing problem, passengers trying to on the doors of moving buses and jumping out between stops there have been 15 of these incidents since the end of may over a week and a half period. it is mostly on the 14-mission limited but it is happening on other runs. according to the "san francisco examiner", police thought they were just trying to get out quickly after boarding the wrong bus but now they review surveillance video to determine if it is a malicious mischief by a grouch passengers. phones say it is a matter time before someone is hurt. >> six months ago we profiled 20 something winemakers trying to make it big in traditional industry by being untraditional. now, they are getting close with a marketing campaign so out th

lululemon upon pulled three styles of pants back in march after customers found them too shear. the contain blamed it on production problems and a style change. they are using a new fabric and says they will be increasing the stock of the pants. they sell for between $70 and $98 each. >> time for a check on the weather forecast. my friday will be close to triple digits? >> hotter than last weekend. it was unbehaviorable last year, you will need to find ways to have cool. it will not be a "spare the air" situation. when it happens on a friday into saturday we have less traffic so less likely we will have the pollutants that create the ground-based ozone that create a "spare the air" day. right now it is tuesday morning and it is 4:47 and we will zoom in again, we have a small craft advisory on the bay waters today whether it is san francisco, or the delta commune, it starts at 1:00 o'clock through 9:00 with western winds at 15- to 25-knots with the fastest wind near the golden gate bridge. from the exploritorium camera you can see the cloud cover sitting over the bay bridge. we h

. >>> remember those lululemon yoga pants that left a little too much to the imagination?y're back in stores now. the company hired a new team to oversee production and fix the problem if you know what i mean. the black yoga pants will go on sale for between $72 to $98. >>> dunkin' donuts rolling out a new item that sandwiches fried eggs and bacon between another breakfast staple. the glazed doughnut breakfast sandwich weighing in at 360 calories nationwide on friday is national doughnut day. i would like to see how many fat grams are involved in that. >> that's absolutely disgusting. i would totally try it. >> me too. >> ashley morrison here in new york. thank you, ashley. >>> straight ahead, your tuesday morning weather and later, the secret to youthful looking skin. it could be as simple as using something that's already in your home. >> announcer: "moneywatch" sponsored by vagisil. the confident clean. >> announcer: "cbs moneywatch" sponsored by vagisil. ♪ (annoucer) new beneful medley's, in tuscan, romana, and mediterranean style varieties. ♪ just mix it in, and take

the recent issue with christine day, it has not been a great couple of months for workout guru lululemon, but if this job posting is any indication, the irreverent brand will rise again, publishing their website, they posted candidates who are passionate about chief executive's type stuff, can stand on their head for ten minutes straight, speak sanskrit, and have both oprah and bill on speed dial. it is now time for tonight's closing arguments. the season of proms and high school graduations is upon us. and parents everywhere will host parties for their teens, parties that have the potential to get out of hand quickly if underage guests trying to sneak in alcohol. that is a big risk. because parents could have criminal charges against them if illegal consumption takes place on their property, even if they're unaware of the drinking or drug use. so what do you think? should parents be held criminally responsible for sneaky teenagers? you can weigh in on the "nightline" facebook page or tweet us @"nightline" or cynthia mcfadden, good night america. >>> it is happening tonight in castro val

by the way, lululemon, i don't know if you own their products, they have a transparent issue with theiroga pants, right? >> yes, they did. >> and they had a customer service nightmare because they made women literally bend over to see if they were see-through before they could return them. now the high-flying company's ceo is stepping down and the stock is getting absolutely thumped in after-hours trading. >> for the men out there, you never know, they might have liked the yoga pants, but we have to be honest, they were a bit sheer, weren't they? and that led to a product recall, a bit of an issue there, but it is a cult following. christina day has stepped down. apparently she's exhausted. shares fell 16%. back to you. i personally prefer my jane fonda leotard. >> that's a sight. sort of like the man keenie that i could do without. all right, steve, we appreciate it. >>> tim tebow's about to become a patriot, the most talked about backup player of all times. we want to know who's more overrated? use #waytooearly, and we'll have the best answers at the end of the show. still ahead on "w

shares of lululemon getting pummeled after hours. she stepping down from the company, she spent five and half years at the helm stepping down once her successor is named and also says she e does not plan to stay on the company's board of directors. interesting. the stocks getting killed. two u.s. companies are looking for an unusual source for precious metals. asteroids. in deep space industries are working on a spacecraft that would lasso small asteroids and drag them in the earth's orbit to extractaluable minerals. hard to believe but in seattle with more. i love this story. >> you sound incredulous. you are not buying this? melissa: make mm a believer. an average size asteroid could be worth a cool $30 billion at today's prices. e of the companies is planetary resources in bellevue washington. they bui this tiny spacecraft 2 feet tall designed to land on an asteroid to take pictures of measurement. the goal is to identify the most suitable astoids for mining. among investors, and microsoft to maker, james cameron, larry page and r

lululemon's black luan pants are back on the shelves.y're recovered from the see-throughco, they're up a buck 22 at $80 a share. now, check this out. an all electric motorcycle, a range of about 130 miles. doesn't come cheap. we've got it here. you'll see it live and i'll actually try to start the thing, 10:35 this morning. all right, and now to check the big boards. where are we now? 25 points, modest gains in the early going after a big run-up yesterday. we've got a lot more for you on today's program. the irs may have acted conservatively and did it act illegally? we'll ask judge napitano. a website we're calling the expedia of local events. i'm going outside during the show and yes, i'll get out of this chair and walk out into the fresh air and show an electric motorcycle parked on 48th street. the question, does it roar when you start it up? i'm not finished. the theme of the day is this: the machinery of government used to intimidate the president's opponents and influence the election? next the congressman who asked the question a

>>>oingo clothing company lululemon has received more than 160 responses to its fake ad for the co. ad. guest asks for a executive who can hold a headstand for ten minutes and has oprah and bill clinton on speed dial. >>> coming up next, oakland a's try to dethrone king felix and the mariners. >>> plus, and phil mickelson tries to keep his lead as the u.s. open wraps up the third round. is a yoideal temperature. and it's only at one of our over 400 sleep number stores nationwide. sleep number. comfort individualized. the toyota sportswrap, brought to you by your local toyota dealers. >> let's go places. >>> good evening everyone, and thanks for joining us our saturday night edition of sportswrap, only two golfers finished the second round of the u.s. open under par. now after 54 holes it's just one in red numbers as tiny merion golf club humbles golfers off the tees and on greens. outside of philadelphia, this little grouped hog couldn't see his shadow, but the current cal golf team sent three players to this year's open. mike kim, the national player of the year, shot 1 over 71 in

. >>> the vancouver sun said the ceo of lululemon is retiring after five years.truggling to recover from an embarrassing production of see-through yoga pants. >>> researchers say it takes 1 hour, 46 minutes and 36 seconds for the average woman's feet to feel pain after putting on heels. for 20% of women, the pain starts to kick in after ten minutes. nearly half the women in the study say they're willing to suffer for fashion. gayle, what say you? >> i say that's true. i'm willing to suffer. fashion, true. >> charlie says, i like tennis shoes. >>> exactly. >>> "the wall street journal" says having too much caffeine is now considered a mental disorder, that's because it -- >> well that explains everything, doesn't it? >> it sure does explain a lot. >> that's because it can hurt a person's ability to function the same is true of caffeine withdrawal. because you sump symptoms while trying to quit. doctors say the best way to break the caffeine habit is to taper off gradually over two to four weeks. >> that's true with all disorders. try and taper off. >> moderation i