lululemon rose last year.ing competition is and what happens when amazon might enter the fray. we'll speak with laurent potdevin, the ceo of lululemon, coming up. ♪ we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. hey!nicole. i just wanted to think your support team for walking me through my first options trade. well, we're all about educating people on options strategies. i won't let this accomplishment go to my head. get help on options trading with thinkorswim, only at td ameritrade. >>> with valuations up lately, are stocks simply becoming a little too expensive? our traders debate at trading nation.cnbc.com. now, more "squawk on the street." >>> obamacare is a huge budget buster. it wrecks health inflation. it makes promises that will not

on squawk on the street, we'll have the ceo of lululemon. have heard commentary from department stores and retailers about soft holiday spending, not from lululemon. yesterday they came out to icr and narrowed their profit and revenue guidance towards the top end. what they're doing is working at a time when nike and under armour stock down double digits last year, lululemon soared. we will also have the fast food roundtable in red ssquawk alley. we'll talk about what they expect on wage inflation, corporate tax rates, consumer spending after the election. you can imagine there's a change. is there still a retail recession? all of those topics in focus later. >> sara, look forward to that on cnbc. futures pointing to a slightly positive open. that's it for "worldwide exchange." "squawk box" is up next. ir >>> stocking pulling away from dow 20,000 yesterday, but u.s. equity futures pointing to a rebound today on wall street. >>> and we're in the countdown to the inauguration. top trump advisors met with speaker ryan to talk taxes and confirma

this is a longer-term chart of lululemon. lots of volatility and uncertainty. death crosses.ip down 15%. a another one that led to a 30% decline. they put in a death cross recently last year, suggesting we could see more declines for lululemon. vonnie: thank you. mark, what do you have? mark: a big day for autos in europe. moneyhrysler will invest into making new jeep models. trump praised the move, but these models had been planned, many had been awaiting where they would be built. could impact the expansion plan. more on the trump squeeze ahead. toyota the latest target of trump tweets. this is bloomberg. ♪ is bloomberg markets. donald trump took aim at toyota on twitter, saying there is no way they can build a plant in for theo build corollas u.s. without paying a border tax. >> it is a special guest, the president of north america toyota. we will get to the corolla question, but first the camry. there is an empty stage without a camry. we are going to unveil the eighth generation of camry. it is an important vehicle for us. >> why is it so important for you? >> there has

at the nasdaq lululemon celebrating fit week of 2017. >> i do not think lululemon is done. of people are concerned about apparel. jc penney it was womens apparel. lululemon it's a mindset. it's about mindfulness. it's about -- and i know these things. >> you mentioned costco a minute ago, walmart is just now announcing john ferner, ceo of sam's club replacing roslynn brewer retiring at the end of the month. ferner is currently the chief merchandising officer at sam's, has been working there since he joined as an hourly store assistant in '93. >> wow. more turnover. i just don't want to see more turnover there. stock's down. doug mcmillan, he's got the mandate waiting for jet.com. but walmart -- let me see that staff kind of -- it's like target. you don't want to see a lot of movement in retail. you want to see they've got the team. like costco, you never see any changes at costco. never. >> right. >> same people. you go to your costco, it's always the same people. when you get the free samples, it's always the same people. >> that's very helpful. right? i mean, i would assu

- walk it off, lululemon. - ♪ i'll say it clear ♪ i'll state my case ♪ of which i'm certain ♪ i've livedlive every day like it's your last." bite me. i'ma live forever, bitch. - ma'am? it's $132.21. so, big plans this weekend? - yep. i'm gonna sit alone in my house watching wedding fails on youtube, drinking margaritas through a twizzlers straw until i pass out

sourced from overseas it could end up driving prices higher for consumers and it's something that lululemon ceo says is too early to assess for his business. >> would have ramification to our global pricing separategy, to our sourcing strategy. it will likely have ramification to the currencies of the countries in which we are sourcing. we'll cross that bridge when we know more. >> reporter: beyond the policy changes, executives here are still trying to figure out ways that consumer habits are changing and how to respond to that. millennials, for instance, doing more buying online and on their phones. and executives are trying to figure out how that effects their purchasing decisions. wing stop here today announcing the first ever partnership ordering takeout through amazon's alexa. for cnbc business news, i'm sara eisen in orlando. >>> those wings did look good, didn't they? shares in valeant pharmaceutical closed 7% higher after the drugmaker agreed to sell its cancer business and three skin care brands for $2.12 billion. this as it aims to trend its $30 billion debt pile. the company is

we talked about jcpenney but uni believe in is lululemon. they came through a stellar presentation.d the best numbers of any of the retailers in the fourth quarter. i continue to believe at $69 that stock makes sense. a lot of airlines were up today. on the 12th delta reports and i expect a pull back from this group on all these medical device companies featured out in san francisco. my favorite remains edwards life science which we saw. that's a better buy than many that have run today. like to say there is always a bull market somewhere. i promise to find it somewhere for you on "mad money." i'm jim cramer and i'll see you tomorrow. tilman fertitta: tonight, on "billion dollar buyer"... we took our entire life savings. our families are relying on us to make a living. tilman: they've risked their futures to follow their dreams. i don't want you guys to go out of business. now these entrepreneurs face their biggest challenge yet. a frozen cocktail company on the verge of melting down. i don't know if you're gonna be in business - in a couple of years. - we don't know for sure we're

there are a few winners we do like. >> could you take us through your trade on lululemon? >> sure.momentum continues. there could be near-term catalysts out to march. he paid about $2.50. which can potentially make $10 and leverage play on continued momentum to the upside. >> back to you. scarlet: thanks so much. still ahead, we will stick -- speak to calmly. we will discuss why he is more cautious on 2017. this is bloomberg. ♪ ♪ >> live from bloomberg's world headquarters in new york. >> we're 30 minutes from the close of trading in the u.s.. >> investors sold following last year's advance. >> the question is, "would you miss"? >> the biggest bear, tom leads thoughts on his faith. plus, will it take a hackett turn? at a trump fed with vincent reinhart. and ceos are gathering in detroit for the esteemed north american international auto show. , asaught up with mary barra well as other executives from audi and mercedes. let's get u

i've noticed in recent months, but i would appreciate your thoughts on what i term niche retailer, lululemon athletica. >> this is a great question. the reason why it's a great question, suzanne, is there are niche retailers that i can get behind. lulu is one of them. matt boss at jpmorgan has made a very good long term runway call on lulu. i'm sticking with that. that's what i think is actually can transcend. it has a model that can transcend the weakness of bricks and mortar. i know it's not a pretty one, but this selloff, it was pretty rational. remember, the market, it's just a scale trying to keep, let's say, trying to figure out what something's work. on "mad money" tonight, forget earnings per share. is it earnings per presidential tweet? i'm eyeing trump's impact on the averages on a daily basis. then could rev group put your portfolio into high gear? the company went public on friday, and tonight i'm dissecting its ipo. and my exclusive with the ceo of one red hot stock called united rentals. the company crushed the quarter and the stock popped on the news. is it a buying opportunit

lululemon drove with new product introductions.. that is what consumers are looking for. secular orhe problem cyclical? people are spending on cars and experiences. does that turnaround? it is a secular problem. the cadence of the integration of the physical and digital we think is key in order to help companies perform. multitenant shoppers spend three times more than single channel shoppers. both channels of distribution need to be open and available. telseaceo of the advisor group. advisory group. the best performers since the election, coming up. this is bloomberg. ♪ jonathan: from new york city this is bloomberg. i am jonathan ferro. let's wrap up the early part. equities open higher .2 5%. the dow up .3% on the s&p 500. financials.he look at some of these moves. bank of america 1.67%. jpmorgan up. an intraday high. q4, butt stellar in nothing to take off track from a rally, an epic rally, since the election results. look how we perform coming into today's session. the s&p on the financials were 18%. today, gains of 20% to 25%

the news has failed to dent shares of under armour, nike and lululemon, all trading higher today, kelly. >> ath-leisure can be shared by everyone. in the final half hour of the session. joining me now me is mark newton. technical analyst from newton advisers to talk about health care and the which you see the xlv playing out. >> it's showing signs of strength, it's normal to see the bottom-feeding laggards. health care was the worst performer last year, the only sector down for the year. down 4.5%. recently showing increasing signs of the move up. when you look at really this area, the xlv, for the first time last summer has broken out of the declining down-trend. i view it as positive for the group. starting to see pharmaceuticals moving up. we may see biotechs come show better performance. xpi getting over 62 would be positive. >> let me ask you, i know you are not looking at the from the fundamentals. it's obvious from the headwinds are. drug pricing. obamacare and the effect the repeal might have. >> yes. >> even looking at a bullish chart like this, you try to figure out why it's h

cited a citi group report which specifically outlined the percent earnings hit to names like kohl's, lululemonthers. take a listen to what he had to say. >> this is a false narrative, a fake study. citi group has no credibility. you got goldman sachs, citi group, the peterson institute. i went through three months of this on the campaign trail and all they did was try to bury us with all of this garbage studies about the roof caving in and the world falling apart. people out in america, i think the vice president pence said it best on the campaign trail. people in fort wayne know better. those tactics are just scare tactics that cnns can take on about trying to scare us about backing off. >> they may not be backing off. retail stocks are backing off. they are feeling the pain on the potential of some sort of tax. >> i always look at stress and strain as buying opportunity. trump's just beginning. this guy is a negotiator. so he hits everybody hard with big announcements and then works his way back. at least that is what it seems that he is trying to do. for us we look at it and say whatever th

we've got exclusive interviews there with the ceos of sodastream, lululemon, wingstop. a great fast-food roundtable. find out what's really going on with consumer behavior after the election, what they're expecting on corporate tax rates, and a whole lot more. big lineup starting 5:30 a.m. eastern time on "worldwide exchange." much more ahead here. stay with us. r. ouily trspse e esid is pfen.si g g ow!ot re...wh six. d ean ouily trspse >>> quick check on markets here at this hour. we're seeing some weakness, although the dow's cut its losses in about half. it is only down now 27 points, so off the lows of the session. s&p 500 still down about less than 0.1%. some of the energy names are hit the hardest with the decline in crude oil. nasdaq out-performs, up about 0.2%. and we'll leave it there for "squawk on the street." over to you, carl, for "squawk alley." >> thank you, sara. it is 8:00 a.m. at google's wamo headquarters in mountain view, california, 11:00 a.m. on wall street, and "squawk alley" is live. ♪ ♪

children's place did well, lululemon, urban outfitters, but folks, that's about it.uldn't find anybody else who had positive numbers. overall according to retail metrics, orders for retailers down about 3.5%. the market knew this. this is the only defense i would say for the market. there you see retail etf for the last couple months there. that's the white line. drop notably in december as everybody realized that the store sales were not that great. the s&p 500 the orange line continued to move on the upside. so the market sold off. the retailer sold off in anticipation of these kinds of numbers would be coming. let's move on, united airlines beat by a nickel, revenues were slightly above forecast. the airlines generally turning slightly positive right now. i think the interesting thing is osc oscar munoz comments about infrastructure, like bridges and roads, add airports. he wants airport updates, what's important for us is air traffic control and modernization that's been such a critical need for our nation for so long. are you listening, mr. president-elect? upgr

. >> don't miss the ceo of lululemon. >> he was here the other day. >> standing right there. >> yeah.e street" we'll practice our downward facing dog. k nt at fic wingininerthah, liwhr wa one? >>> if you are writing in after the interview with former treasury secretary larry summers, cot 6960 tweeting, larry summers tried to tie a gordian knot. here's the razor to -- check it out. there it is. what you can't see there is that first line -- actually, you can't really see it. gdp on the right. the very bottom part of that chart is 3%. and the average for the eight-year period, when reagan was president, is in red. the median is in green. so you're talking about somewhere about 4.5% average for gdp growth during the eight years. i want to -- you watch star trek. have you seen when they go back in time? somehow, i want you to go back to 1981. live with me -- we don't have to live together but in the same period -- and leader mccarthy are going to share an office or what. but we can go through it and see it. you come up with, was it 4.5% because he blew out the narrative, or you have a nar

taking it on the chin and the cfo will be leaving the company, dragging down some of the years like lululemonig pharma, pfizer down by 1%, and getting hit by down 8%. pfizer cutting the 2017 forecast due to the generic affect on its business. missing, sales fading on an older insulin drug. the ceo will meet president trump at the white house. we will her eyes on the headlines. fourelva, losing patents on its drug for ms, about 20% of sales comes under pressure. you have got to look at earnings from ups and fedex. ups off almost 5%. it did see it earnings miss but it was the revenue that missed its target by 100 million dollars. it puts a lot of the blame on currency headwind, saying it will cost the company $30 -- 30 earnings orres per 2017 and fedex being dragged down. jonathan: ceos only talk about one it moves against them, not a strong dollar story but a weaker one. welcome to 2017 and the trump presidency, about politics. peter navarro, the trade adviser, says germany is using an undervalued euro. the euro apart from the dollar rose over, south of 100, briefly, 99.99. joining us is micha

the yoga bag is $58 from lululemon. doesn't get much better than that.s a mental/emotional component that goes into your training. >> as a new mom and mom of four, you look amazing. >> i chose a black top from target. she knows where she's going on her journey. and the pants. this is the party, right? and the mornings, you wake up. i don't know if i got the energy today. you put pants with brightness, color, bold se design. and it levels up the outfit. >> and i'm sure you do this. pick up your kids in your workout clothes. >> absolutely. >> it is your uniform. >> you put the scarf on. she has a new outfit. she's leaving her life or leaving the gym and coming to her life. >> look at that scarf. >> $58. and look at that. great vocab. >> this one is rolling the eyes, lady. i'm sorry. this is antoine. for men's fashions, it's different. we want simplicity. great lines. but it's got to be fitted and functional. gone are the days of the big baggy shirt. he's doing full range of motion, with upper body, lower body. no restriction. and we have a strong, simple p

. >> we got this, we have to lose -- rewind to lululemon in the 2000's.s so much. scarlet: bank stocks have been bouncing around a bit today with jpmorgan, wells fargo releasing fourth quarter reports. wells fargo under pressure after the phony account scandal. the company did post a drop in profits. joining us jpmorgan, wells fargo releasing fourth quarter reports. wells fargo under pressure after the phony account is laura kell. she covers wells fargo and bank of america. can we say definitively that the scandal hurt the bank in the fourth quarter and it's ready to move on? will there still be a draghi effect on the banks? a lot of the analysts we talked to before the earnings report were expecting to see in this quarter a lot of impacts happening. ,ertain lines of income business from this scandal. we did not see that at all. , we willhave thought see about accounting advertising spending as we try to figure out damage control. wasn't -- we also got certain ski lines were customers are paying to have deposit accounts, see the charges we often see. peop