why shouldn't somebody look at lululemon today and want to take it over, rather than lululemon do a deallse? >> well, i think you missed the picture. the picture, i put that ad up as a joke and really as a matter of explaining the difference between a company -- a superior business model that lululemon has versus the, what i'd call an inferior wholesale model. so when you have a wholesale model, you know, people go bankrupt. what happened to under armour was that -- and nike is that sports authority, the number two dealer in the u.s., went bankrupt, leaving them with lots of inventory and not getting paid, unpaid receivables, and under armour moving to junk bonds. so it was really just more of a statement to go like if you really looked at lululemon buying under armour, here's the reasons why under armour is a weak company and lululemon is actually very, very strong. >> but how is a company that has seven straight years of 20% or better revenue growth as under armour has had, granted the most recent quarter that dropped down to 12. but how is that a weak company? seven straight years of

i believe lululemon's online business is 20%. ready to admit finally that lululemon is doing well? i know you sparred about this a previous time you were on cnbc with jim cramer. what's the state of the business now as you see it? >> well, it's interesting that the questions in what you just said is what everyone, every analyst, every newspaper person, and i have to say, it's quite foolish, you know? >> so, you're talking about the bar being too low. >> i'm saying that it's had a quarter of good returns. >> a few quarters. >> well, but let's look at it. the lululemon's stock is exactly where it was six years ago. the lululemon's stock is 5% less than it was when the current ceo came on three years ago. and so, you're part of that american scene that gets very excited about like 90 days of performance. it's inconceivable that that is performance. the s&p's gone up 30%. the athletic business has gone up 28% over that time, and like lululemon's gone down 5% over the last few years. is that performance? >> okay. so, you've never been

. >>> plus lululemon shares are getting slammed today. we'll tell you why a lack of bold colors could be to blame. it's thursday, march 30, 2017, "worldwide exchange" begins right now. ♪ >>> good morning. welcome to "worldwide exchange." i'm sara eisen. >> i'm wilfred frost. very good morning to you from me as well. it is throwback thursday, this week we're throwing it back with a punk theme. there we go. >> '90s. early 2000s. >> i'm not the one to ask. >> let's check in on the global markets, show you what's happening with the u.s. futures after a mixed close on wall street. the s&p did nothing. we're approaching the end of the quarter. best quarter for global stocks in years, ending on a sluggish note here. dow futures down 12 points. s&p down less than 2. nasdaq again shines. that was the story of yesterday. tech was a stand out led by apple and amazon. the nasdaq actually finished higher while the dow finished lower. >> yeah. in general, of course, it wasn't huge moves either way. it wasn't a day where we were worrying about big decli

lululemon shares and white.hey had been up under his tenure until today with the big drop wiping out the gains. lagging nike and under armour. under armour recently hasn't been doing great. stocks being dragged down by lululemon. nike off today. under armour and columbia sportswear as well. under armour tends to be very volatile after it reports earnings. today, the 23% drop. they were up 15% last time. the swings have been unusually large in response to lululemon. when we talk about the company's earnings and talk about their comparable sales, take a look at this -- for the overall company, they are in white, they rose 7% last quarter. orange here is the actual stores and in blue is the direct online operations. even after the company missed 2014, it had in recovered and is now falling from those levels and eliminates predicting it will slow further. ist had been a momentum play now slowing down enough that investors are starting to get worried, as evidenced by the big pullback in the shares today. david: presi

keep an eye on shares of lululemon. or than 17% in extended trading after fourth-quarter earnings miss the street's estimate. lululemon warning of a sales job this quarter. u.s. stock market futures ahead of the opening bell pillow run the dow by 18. s&p futures lower by two and nasdaq futures lower by three. that's what's happening now. lauren: the pause that refreshes. a federal judge to extend his order blocking president lauren: buys travel ban. sanctuary cities take out a new strategy to stop defining threats. jenkins live in washington with the latest. >> a lot of immigration needs. to sanctuary cities in the low-cost day. the federal judge in who i temporary black president trends travel ban before it was set to take effect has extended his order. the u.s. district judge derek watson or restrict the non-muslim travelers from maturity countries. in seattle, the mayor there cannot use it in the trump administration over threats to withhold with funds from century city to refuse to cooperate with federal immigration

lululemon earnings are out.is lululemon's guidance pulling down the share so that's where i want to start because lulu shares are down something like 16% in after hours trading. the first quarter earnings guidance is very light compared to the analyst's consensus as is the full year earnings guidance for lululemon. the first quarter revenue guidance of 510 to 519 is below what wall street is looking for. then as we back up and look at what happened in the fourth quarter, lululemon missed just by a penny there for the bottom line. reporting earnings of a $1, the street was looking for $1.01. revenue beat slightly at 790 million. comps strong. comps to currency, total comps of 7%, that was stronger than the street was looking for. kmenlts from the ceo said although we've had a slow start to 2017, our teams are passionately committed to delivering a robust plan across project innovation, digital north america and international. still a reminder to our viewers, lululemon shares down 16% after hours and a conference

lululemon was the feature of your "mad dash." have the ceo on -- >> and remember, this is about guidance. it was not about the actual quarter which was terrific. the guidance was dramatically lighter and it had to with the fact with let's just say they missed the mark on the style. >> what's cote going to be do? he's not that old? >> i don't know. he sold his house next to me. i want to know if he's going to work to cut the debt. his two passions are the new england patriots and cutting the u.s. debt. >> that's a good show you have. >> a good man. good man. by the way, i think that the company's leaving is is an excellent one that remains a fantastic way to play global growth plus. in other words he's not relying on just global growth. i want to point out that chipotle is moving here. i have said that the average time it takes to forget about an incident is 18 months. that's what happened with taco bell, that's what happened with jack in the box and then one more month with chipotle. one more month an then people will forget what

. >>> lululemon's noufourth quart profits missed forecasts.he retailer expects weak same-store sales in the first quarter blaming a disappointing lineup that led to lower online sales, fewer shoppers in stores. we'll hear from an analyst in a couple minutes. lululemon's ceo will be on "mad money" with jim cramer tonight at 6:00 p.m. eastern. that would be enough to watch. i think if jim were to model different things from lululemon, from the latest inventory, would that -- would that add to the ratings? i'm just -- >> lulu shorts? cargo shorts? >> they have the new men's bottoms, don't they? the abc -- >> right. yes. yes. have you heard about that? >> uh -- >> we talked about t haven't we? already put the abc -- >> just a more free pant structure for men. >> does it stand for anything? >> i'm not sure. >> i think it does. >> i think she knows. >> i think i know what the "b" stands for. i'm not sure. >> anti-something crushing. >> yeah. yeah. you are right. it's not chewed gum or anything. abc gum, already been chewed. >> right. >> they will a

lululemon getting we'll be right backed. the ceo told jamie cramer that might have investors changing their tune. he will be here right after this break. it all comes down to this moment. "fast money" madness the championship game, will guy adami go home undefeated? or will he be knocked down from his pedestal? you will decide the winner later this hour. that's more "fast money" ahead. at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. anltry align probiotic.nade your digestive system?. for a non-stop, sweet treat goodness, hold on to your tiara kind of day. get 24/7 digestive support, with align. the #1 doctor recommended probiotic brand. now in kids chewables. >>> welcome back to "fast money." check out shares of lululemon following 22%. our own jim cramer joins us live from the set of "mad money." we love having you on the show, what was the highlight of the interview? >>

clothing retailer lululemon appears to be falling out of fashion with investors. the stock dropped sharply after full-year guidance indicated consumer demand for athlete sure wear could have peaked. >> reporter: investors looking past lululemon's fourth quarter and focusing on the disappointing guidance for the first quarter and full year. shares are down sharply after they posted earnings and revenue guidance far shy of the street's forecast. for a quarter that's already two-thirds of the way over. so even though lululemon has a history of conservative guidance, this looks like a long way to go to make up the difference between the guidance of the company and the analysts consensus. the ceo notes the year has gotten off to a slow start. on the earnings call, executives said the slowing sales trend in the first quart serer is a resuf soft traffic in stores and weak e-commerce results. retailer prices are solid, but it's the traffic in the stores that's the problem. and then when it comes to the online issues. there wasn't enough color or depth of assortment and it

again, on the details that lululemon. wow, what an investor. >> you talk about expanding bottoms, i think. but the disaster was the valuation going in. this is a bad quarter. this is a bad guidance. both of those are bad, for sure. but when you trade the multiple they do, which is based on growth for a while, will you see not just you have the earnings level, that growth isn't there, maybe he's right about that merchandising, that could be, we'll see in a quarter or two. this i think is the least important quarter for them. but i don't know if this is a question of the pie getting smaller or the pie getting more competitive. so for me i am long on foot locker. i care about the space, clearly, stocks were down after hours earlier. it seems to be flattish now. if it's more competitor, that's fine for foot locker. they don't carry lulu. so if the atmosphehleisure tren place, that's fine. if lulu i'd wait. >> if athleisure is shrinking or the same size. >> or growing even. >> the decline, torey birch is in there. everyone and

. >>> holy cow, what just happened to the stock of lululemon. last month they gave a dramatically weaker than suspected guidance. stock just got eviscerated. 23% down in one day. how bad is it really? the analysts were looking low to single digit increase for this current quarter. lulu projected the exact opposite and same sale stores decline. it was a shocker. they talked about slowi ining s trends with weakness in e-commerce and slower sales trafc in the stores. still, the bulls ran for the hill concerned the lulumajic was gone, victim of competition, copy cats and sluggish consumer who's abandoned them all. when i see a move like this one i wonder if the market's overrea overreacting? could they recover? does the stock deserve to rebound at these levels. i got to check in with the ceo of lululemon. he helped me make sense of what's happening. take a look. >> after a fabulous run, just a great great couple of, let's say years, you reported a number that was good but you gave us dramatically weaker than expe expected guidance. help us here. wha

. ♪ scarlet: lululemon will report earnings after the closing bell on wednesday., the company's eagerness to move past missteps. let's get a check on lululemon's progress in this edition of "the numbers do not lie." you can see a boost in the whole .ports apparel retail industry lululemon's sales rose 7% in the third quarter, marking a turnaround from the cells decline two years ago. the online sales growth outperforming the rick and mortar sales. improvements should help bolster these performers further. while the line share revenue comes from the u.s., planned expansion will provide an opportunity to add sales in asia. the blue bars. growth expansion will be key in reaching the 2020 goals. you can see how marginal growth has improved in the down years. investors will be listening for updates on the men's side of the business. we will be following these results when they are released after wednesday's closing bell. joe: what'd you miss? follows a steep decline in marriage among adults. themore, let's bring in professor from the receipt of california, san diego. p

later, lululemon getting crushed, madman

yoga apparel maker "lululemon" is getting hammered today.ny reported earnings that disappointed investors and they are down 15%. the number of wall street analysts have cut their stock ratings for the company on weaker sales ahead. >>> the dow up by 4. nasdaq up 5. s&p flat. back to you. >> thank you jason brooks from kcbs radio. >>> time now 6:46. let's get a check of traffic and weather with roqui and roberta. >> let's check 880 we have a problem there for you but first, a live look at 880 northbound towards the maze. looking good, right? but southbound is where the problem is. let's check the accident southbound 880 before 92. it's a solo car crash blocking a couple of lanes out there so you're at 22 miles per hour and most of the slowing is between "a" street and tennyson. so highway 92 from southbound southbound, give yourself extra time to get through there. and, of course, heading into the peninsula give yourself extra time to get through there. from hayward to foster city, there's going to be 25 minutes. high winds across the span. s

lululemon, love the headline, leaves wall street sweating, shares tanked today, down 24%. story with lulu, they had pretty good holiday seas, analysts were excited about that but warning about sales going forward, lululemon the yoga pants maker. neil: that is too bad bucking the positive trend. melissa. melissa: americans who representing for change. new "fox news poll" 73% of voters want tax reform this year, no kidding! but the white house is facing another hurdle before it can move forward on tax cuts. the congressional budget office releasing its long-term budget projection, predicting federal budget deficits triple in the next three decades. blake burman is standing by at the white house, blake, who listens or trusts the cbo anymore? reporter: sean spicer cast doubt on that organization. it does say that the numbers, he does trust. but as far as it relates to tax reform, this was first and foremost on the president's agenda on this day. he met with steve mnuchin, treasury secretary earlier this morning. met with gary cohn as well t was tax reform on the agenda accordi

. >>> lululemon took a a hit on wall street this morning with shares taking a 22% nose dive out of the opening bell. this comes just one day after the yoga clothing company projected sales fall well short of expectations this quarter, and the reason? the ceo says the new lineup of leggings is too boring for consumers saying that the styles lack, quote, depth and color for spring. >>> carl's jr. is kicking sex appeal to the curb in the latest campaign. the burger chain is rolling out this new ad featuring carl senior. a stark contrast from the burger girls who fueled sales for years. they are trying to grow up and hoping to broaden its customer base. carl's jr. is bringing in a new ceo as well. outgoing leader, andy puzdner, leaves after failing the bid to become president trump's labor of secretary. >>> a bay area connection that the raiders plan to keep. where you can see the silver and black in action this summer. the sky's the limit. design firm's big dream transporting all of us into the future. let's talk about the president. a live look right now at our east bay camera looking to

scarlet: a quick look at lululemon. double digits at the fourth quarter results came in pretty much in line with what analysts had expected. one dollar and adjusted eps. .stimate was $1.01 the outlook for the year is a boost in low single digits to full-year comparable sales. for the first quarter, the current quarter, the company sees sales being down in the low single digits. we will keep an eye on the stock , currently off by 16%. this is bloomberg. ♪ joe: you are watching a special hour of "what'd you miss?" populism in the global economy. at a chart going back to 1980. there is an extraordinary period of globalization, free migration, all that stuff, and if it willn is change. so let's explore the question of how populism might change the barriers on all this stuff, talking with george magnus of the oxford center, an independent economist. of trade,s golden era arguably, going back the last several decades, and there are now people in power who perhaps want to roll some of this back. let's start with some of the ra

all americans regardless of party affiliation. >> allocatings coming up this morning, in stocks lululemonnow, as you can see there, the company is giving a weak outlook in terms of what to expect going forward we break down noubs for you on lululemon. >> amazon shut down diapers.com, 500-million-dollar investment, ha-ha, final reading gdp do you due out 2% the expectation -- 2.1% is growth r gdp, just hitting tape it is slightly better than expected, gdp this is final reading of the fourth quarter it is up, 2.1% watching markets for reaction right now so far pretty much a steady situation in terms of a markets this morning on this final reading of the gdp for the fourth quarter up 2.1% joining me in fox business exclusive is president of the federal reserve bank san francisco john with williams here great to see you -- >> great to see you. >> thank you for joining us let me get your reaction right away on gdp number hitting the tape up 2.1%. >> consistent with data that we have been seeing last year or two about 2% growth, it is consistent with the economy coming into 2017 good momentum s

. >> the data pouptsz are not very good and this week nike was brought down by lululemon. >> interestingh, 57-and-a-half is the strike we own. on that breakout level, you already own it there. >> and we've lost all week. >> it did bounce, it started to fade, if it bounced, it could have stuck. >> that would have helped, but it didn't. >> it's like i belong on this show. this is incredible. >> i love this show, dan who? >> you need a four in the. >> no, we don't. >> very heavy. >> we don't. all right, up sect, grab your phone, send us a tweet. if it's night, you might get a fileal call from the "options action" desk. stay tuned. >>> welcome back to "option action" time for some tweets, do you guys miss dan nathan within he's not there? >> eh, not really. >> c'mon, of course. >> of course, we miss dan, right, guys? >> of course. >> he doesn't miss us. he's on the beach in san diego. >>> here's the next one, steve tweets, with the sy being so stable. what do you think of the condor mix too low? >> this is basically selling volatility. as long as the market doesn't move around you will make

. >>> "lululemon" shares are down after disappointing earnings.he athletic wear maker says fewer people shopped for their items. the ceo blames poor website presentation and says that the company should have featured products in brighter colors and with better lighting. >>> rideshare company lyft is testing a new shuttle service in san francisco and chicago. there are designated pickups and drop-off locations during commute hours and vehicles travel along a designated route like buses. the service offers a fixed rate fare with no surge pricing. >>> uber's items that drivers have found in the back of vehicles is the usual phones, keys and wallets but there are some unusual items left. pool cue sticks, a bulletproof vest, and a lottery ticket. no word on whether it was a winner. >>> new at noon, a natural historic site honoring a bay area iconic figure could be expanding soon. congressman mark desaulnier and senator kamala harris introduced a bill to add 44 acres to the john muir national historic site. it stretches across 330 acres in the east bay

>> first, lululemon stock is extremely volatile. the past seven out of eight quarters. people are worried about this forecast for the first quarter. the first came out ok, but they were forecasting down sales for the first time in quite a while. alix: what will they do to convince the market it will get better? >> they started by saying we are taking ownership of this problem. we will have colors that pop. we will increase our online sales, work on store traffic. they are not blaming, and they have a lot to blame. the market is not doing well. there is quite a bit of bankruptcies in the past year. they couldn't come out and set it is a weak retail environment and doing the best we can. they said who will take this and fix it. alix: the stock moves 10.5% on earnings. it shows it over five years. it looks like it has been nice and steady the last couple of months and then fell off. if you look over five years, it has been lower than this. why is that? >> i think it's more of a fashion retailer been some of the other sports retailers l

shares of lululemon getting crushed after an earnings much.r just sat down with the ceo who joins us now with all the details. what did he have to say? >> first, thank you for having me on, melissa. it was -- i'll tell you, it was a little contrary to what the stock is doing. why don't you take a look at this. >> after a fabulous run, just a great, great, great couple of let's say years, you reported a number that was good but you gave us dramatically weaker than expected guidance. help us here. what's happened? the stock is getting killed. >> you know, i believe we've had an incredible q4, incredible 2016 as you mentioned. i'm super grateful for the team, for the first time we're returning to earnings growth since 2013. we're a little disappointed. we're not satisfied with q1. we had a slow start. we've taken drastic steps to fix it. >> i also pressed him. i pressed him about the competition that it's got to be the competition. listen to this one. >> there was such a sudden shift, was it the fickle consumer? was it something you did wrong? i

lululemon beat analysts expectation, but the company's outlook for the country. quarter was bleak.t set a slow start to 2017 would cause earnings and revenue to fall short of stills t. shares initially plunged more than 15% after hours, wiping out a 4% gain during the regular session where they closed at 6030. >>> the chinese conglomerate cefc china is taking the nearly 20% stake in financial services firm colin group for $100 million. cefc's new position givers it the right to appoint three directors to colin 's board callen shares rose. >>> sales rose more than expected thanks, in part to strengthen the company's specialty garment segment. profit came in ahead and universe is up more than 3.5% finishing the day at $141 on the button. bass's pro shops billion offer for rival cabella's may have got an life line. as a part of the original deal the credit card issueer capital one was supposed to acquire cabella's banking operationings, but capital one said it wouldn't be able to get regulatory approval before the dead line. now synovis financial may be achoiring that business. on the

weak forecast from lululemon.n, back to $51 a share. >>> how about mcdonald's? a change is coming. they will swap out frozen beef for fresh beef in the quarter-pounder. change comes in most locations next year. no impact on the stock which is at 129. >>> how about this? dallas maverick owner and big-time billionaire mark cuban. he is an outspoken opponent of president trump. he is seriously considering a run for the presidency in 2020. hold on a second, just yesterday cuban tweeted this. to president trump. when will you address the exploding cost of college and the problem of student debt? he he is on the attack. my next guest a former dallas mavericks co-owner he says the mavericks tv ratings are hurting because of cuban's anti-trump statements. come on in please, frank zacanlei who joins us from dallas. is that accurate? i believe the mavericks tv ratings are down and you say it is because of cuban? >> because the team is not very good and because of things cuban has done and said. the combination is what we'll

her brand or her policies, it's designed with one type of woman in mind-- ivanka's feminism is the lululemonen, and you can see right through it. ( laughter ) ( cheers and applause ). >> trevor: wow! okay, okay, look, ivanka may be out of touch, michele. but least she's in the white house. and she can be a voice of reason. you know, she could reign people in. >> i don't know, trevor. she has a history of letting (bleep) slide. >> sexual harassment is never acceptable. and we must stand against it. at the same time, learn to figure out when a hoot or a hoarl is, indeed, a form of harassment, and when it's merely a good-natured tease that you can give back in kind. >> audience: boo! >> yes! just tease them back! "oh, mr. parsons, i could bounce a quarter off your ass, too." ( laughter ) by the way, this is my daughter chloe. she has to come to work with me because i can't afford childcare. so let's review ivanka's formula for equality. have a husband. have children. dress right. don't be poor. and don't get mad when you're harassed at work. there's a huge problem with that! these shooez not tr

. >> a news about leggings making more headlines, shares of lululemon stocks have gone down. it warns over all sales this quarter will drop. why? their new line upare t are too boring. it is rushing more colorful ones to their website and they are in competition with nike and old navy. >> i don't go with the bright colors. >> no, i've done my job to prop up the company, but the ladies, they could have some colorful leggings. kn new day starts right now. >>> the house is in a situation where it has become political. >> we are here to assure the american people we will get to the bottom. >> we have a chairman loyal to the white house. >> how he conducts himself are issues for him. that's it. >> the president's daughter, ivanka trump, serving as assistant to the president. >> epic crisis at the white house. it starts with the president. >> gorsuch will be confirmed to the supreme court. >> if he is not qualified, nobody is. >> this seat was stolen from one president and delivered to the next. >> this is "new day" with chris cuomo and alisyn camerota. >> welcome viewers in the un

where not as many consumers are spending, not as many as analysts had anticipated, lily lemon -- lululemonnot participating in the gains. the early hours of today, stock down 22%, the biggest one-day drop in more than eight years. --the company is for cap forecast for profit for as much as $2.36, and was looking for two dollars -- $2.56, product misfires and competition. there has been lagging in sales within this industry. looking at banks, the group gaining today, leading the gains . bank of america and citigroup doing well but regionals doing better. data, we have bond yields moving higher in the session today. that is helping the banks. 10-year note and yields, selloff in bonds as the yield gaining yields aren as -- gaining but still seen yield curve flattening. the spread between the two-year and 10 year, the five and the 30, and the 10 and the 30, all flattening. in theory, that is not good for banks, even as we see yields standalone, go higher today. vonnie: thank you. the u.s. economy grew in the fourth quarter at the fastest than previously recorded thanks to more consumer spendin

and look for results from lululemon, dell technologies and blackberry. >>> and united airlines is comingnder criticism for two teenage girls were wearing leggings. they were flying under a pass which requires a specific dress code. united defended the decision in a series of tweets. and the company released a statement last night saying, quote, the passengers this morning were united pass rhode islander it's and not in compliance with our dress code for the company benefit travel. to our regular customers, your leggings are welcome. there's a lot of outrage out there. including i flew united yesterday in leggings. i'm not a teenagers. girls fly, women fly in leggings. they've much more comfortable than jeans. i know they're on a company benefit pass, but nobody else knew that. >> that's right. >> why did they defend it on social media. >> defend what? >> that they have the right to bar people because of a dress code? >> i'm just trying to find the full dress code which says no ripped jeans. it's not like it's targeted two girls that wear leggings. there's a set of rules -- who should --

. >> anyway, you know, leggings as long agency they're not the lululemon ones from back in the day. >> the see-through ones -- >>> coming up on the show, the latest from hong kong election. much more to come on "street signs" as well. we'll also talk about the stress test scenarios that are being tested for from the bank of england. and shipping, too. talk about that later. >>> good morning, everybody. welcome back to "street signs." b.t. has been fined 42 million pounds by britain's telecom regulator for what it called serious failings. they say bt undermined by delaying and installing high-speed business lines. that's the largest payout ever imposed on the operator. also means bt will have to expense ate competitors like vodafone for the loss. >>> meanwhile, pushing hod. the investment group announced it is selling the bulk of its estate in the company omam 0 the chinese comglom r gloglo gloglc. >>> the move explaining the reason there was to suspect that park tried to destroy evidence. this report from seoul. >> prosecutors have said that they will be requesting a cuf d custodial a

. >> the street is looking for lululemon to report $1.01 a share on revenue of 7$784 million.three things to watch. first, same-store sales. the retailer posted a strong holiday season in both stores and digital channels. investors will want to see more details on total sales growth in q4, especially internationally as they have recently opened new flagship stores in china and london. the men's wear segment, management noted while they are excited about the growth in this area and their ability to expand what is traditionally thought of as a women's brand, they would like to see men's sales make up a quarter of sales by 2020. the third thing to watch, guidance. lou lieu lemon faces fierce competition from big names like nike, under armour, gap. it is nice to see a late resurgence. some analysts worry there's not enough marketing compared to pierce and higher fixed costs could pressure earnings. shares are down about 1% in the past three months. >> time for our top trending stories. samsung will launch the galaxy s8 later today in new york. itis expected to have any voice assis

and after lululemon shares plummet, hear what the ceo told jim about turning around the company's salesthe first three months of the year belong to the bulls. as we head into the final trading session of the quarter the s&p 500 is up almost 500 on pace for the sixth consecutive positive quarter. the same for the dow. the big winner is the nasdaq up nearly 9.9% after closing at a record high yesterday. jim, the dow is set for its longest quarterly winning streak in ten years. >> yeah, look, this is not just -- please, it's not just tl trump. a lot of it is that hillary clinton didn't win. the world is getting better. look at the markets all over the world, unless president trump is president of all the other countries, you come to the conclusion that things are indeed better and that matters. europe is better. china we have a great pmi number last night. best since 2012. i continue to believe that the world is getting to be better with the exception of venezuela. it's the only country know that's going to have down numbers. >> so we shouldn't be surprised by what the market has done in f

new plus size collection inspired several women on social media to call out brands like adeed as, lululemon> a lot of people eat cook questions with milk. not tonight. cookies and beer. earlier we caught up with bar patrons that say it's a perfect combination. >> i think it was a great idea. i definitely seen articles online about girl scout cookies and wine pairings i think it was about time they figured out a beer pairing >> you have to pay for the beer and cookies are free while supplies last and black squirrel running through the weekend. >> i'm not a beer drichinger beer and girl scout cookies. >> they're free they will get in there. if you buy the beer we'll may have the cookies. >> eat your cookies. >> i would be willing to try it i'm not a huge beer drippinger but i would be willing to try it. >> i'm not a beer drippinger at all but the cookies. >> just the skookyes. >> cookie or two. >> i love thin minutes. those are best the classics. >> i like what peanut butter ones tag along. >> peanut butter in the middle. >> samoas. >> we're going to look it up. >> this is pressing now girl s

also, we've got the founder of lululemon going to join us. and snap still soaring.it to be a good buy here? all that and more coming up on "squawk alley." your path to retirement may not always be clear. but at t. rowe price, we can help guide your retirement savings. so wherever your retirement journey takes you, we can help you reach your goals. call us or your advisor t. rowe price. invest with confidence. whether it's connecting one of or bringing wifi to 65,000 fans. campuses. businesses count on communication, and communication counts on centurylink. >>> welcome back to "squawk on the street." embattled director of the cfpb, richard cordray, sat down with our john harwood and john joins us now with highlights from that conversation. john? >> david, democrats have loved richard cordray and the consumer protection bureau barack obama created, republicans in business not so much. i asked the director whether he sees his mission as going after a small number of bad apples or whether the whole system is rotten. >> in virtually every marketplace, there is some playe

>> a little top from lululemon. >> jimmy: you got her a top from lululem ♪ [ cheers and applause ] >>vie "beauty and the beast," luke evans is here. then their new album -- this is coming out on march 24th. it's a collaboration between jake one and mayor hawthorne. it's called "tuxedo ii." tuxedo from the mercedes-benz stage. tomorrow night on the show president george w. bush will be here. adam pally will be here. and again, they're not performing together. they will be here individually. our first guest is one of a very few men to have hosted a game show and been nominated for an academy award -- it's really just him and bob barker, who got nominated for "happy gill more," i think. yeah? on march 31st, he gives voice to an infant in "the boss baby." please welcome alec baldwin. [ cheers and applause ] can i tell you something really quickly? you came out and you said where do i go? i never know where to go either when i'm on a talk show. i'm always a little bit confused even though clearly there's an empty seat there for you. >> but you notice people don't -- when you do this, you'r

lululemon reports after the bell. want to take your positions there. yep. >> jim, you're a sell. >> i expect a strong quarter. i like the margins that i think are continually expanding. they just opened the store in china at the very end of last year. when you look at this storyline, i'd like the idea they're growing in men's and children's on top of the women's. >> i think the readthrough from nike they'll have a bad quarter. >> i think that's too easy. i don't think that's the real reason. >> that's what i'm going with. >> final trades. >> two sectors i think you need to buy, one lacking year to date, one month to date. xlf month to date, xle you can buy them now. >> good having you here today. jimmy, give me a pick. >> the top of my sell list but not until it stops going higher. >> numbers are going higher. they've got a good margin expansion story. >> josh? >> schwab, false breakdown, now rallying back. >> tempurpedic. >> unusual activity. thank you for watching. "power lunch" starts now. >>> it sure does. i'm michelle caruso cabrera. cutting jobs,

>> a little top from lululemon. >> jimmy: you got her a top from lululem lulule then we wad it up to soft so we don't have to wad to get clean. mmm, cushiony...and we can use less. charmin ultra soft gets you clean without the wasteful wadding. it has comfort cushions you can see that are softer... ...and more absorbent, and you can use up to 4 times less. remember, that's charmin in there... no wasteful wadding! we all go. why not enjoy the go with charmin. hi hey i'll take one of those new fast play games. oh, you ready for a rush? uh, sure! ♪ i'm pretty excited for you right now. ♪ fast play is the new way to play fast and win instantly from the pennsylvania lottery. pick a game, get your ticket and see if you've won. i won! fast play, please! fast play. play fast. win instantly. ♪ [ cheers and applause ] >> jimmy: welcome back to the show. tonight, from the forthcoming movie "beauty and the beast," luke evans is here. then their new album -- this is coming out on march 24th. it's a collaboration between jake one and mayor hawthorne. it's called "tuxedo ii." tuxedo from the merced

lululemon getting crushed, or as one analyst put it, lulu is serving up limits.ing the most in eight years. offering a bleak forecast for the year. conoco phillips up 9%. that is the biggest rally in four months. we broke the news yesterday that conoco phillips is unloading some canadian reserves. ,nalysts are happy about that cheering that. it will probably pump up the stock buyback. vf corp. down by 3%. anthem gaining 1.3%. even if obamacare survives, some trouble still on the horizon. let's look at the government bond market starting with the u.s. two-year and 10 year yield higher on the day, seesawing in this range. green across the board. still kind of a predictable response there with the yield. a sharp pullback with a yields in 10 year south african debt. they have been getting slammed minister the finance looking to be fired. it has not happened yet. lots of stuff going on. today, people buying south african bonds. scarlet: in currency, the dollar is mainly higher there. it shrugged off an earlier debt. the u.s. looking how to penalize countries whose cur

>> a little top from lululemon. >> jimmy: you got her a top from lululem lululemo credit karma?ant to drive old blue forever, do you? [brakes squeak] credit karma, huh? yep, it's free. credit karma. give yourself some credit. rise above joint discomfort with move free ultra's triple action joint support for improved mobility and flexibility, and 20% better comfort from one tiny, mighty pill... get move free ultra, and enjoy living well. ♪ [ cheers and applause ] >> jimmy: welcome back to the show. tonight, from the forthcoming movie "beauty and the beast," luke evans is here. then their new album -- this is coming out on march 24th. it's a collaboration between jake one and mayor hawthorne. it's called "tuxedo ii." tuxedo from the mercedes-benz stage. tomorrow night on the show president george w. bush will be here. adam pally will be here. and again, they're not performing together. they will be here individually. few men to have hosted a game show and been nominated for an academy award -- it's really just him and bob barker, who got nominated for "happy gill mor

shares of lululemon slammed today, the worst in nine years.n the red-hot athleisure trend is over. let's begin with lulu, those shares getting crushed on that weak outlook, raising questions about what has been one of the bright spots in retail. pete, yesterday going into this number -- >> i was bullish and all the numbers -- and jim cramer, i heard him talking about

i'm talking about lululemon athletica. i'm actually kind of glad the stock's going down before the quarter because that takes out all the fluff. i know people think of this as an athletic apparel store. i think of it as more of an ethos that happens to sell clothes. sounds a little oxymoronic, i know, but that's pretty much how it's been. ip like the story. thursday we have key analyst meeting for akamai and i'm hearing it could portend good things for this company, which has been consistent of late, including its last quarter which crushed the stock. akamai is down ahead of the meeting, you may want to speculate on some of the calls. finally on friday we get earnings from a company people love to hate, blackberry. it amazes me there's still hope here, the kind of hope that you get from fitbit or gopro based on the belief there's going to be some sort of glorious resurrecti resurrection. the jump has been worth shorting ever since the iphone took over the smartphone universe. just say no to blackberry. here's the bottom li

it should not be lululemon, apparently. >> especially if you're 10.ed a lot of controversy. it has to do with an obscure dress code that has to do with an employee perk. if you are flying on a family or friends pass you have to look a certain way. >> if you get a buddy pass, you're told you have to dress correctly and all of that sort of stuff. >> a couple of young girls, i don't know if they were 10, were traveling in spandex, leggings, and they were told not cool. told to this has sparked outrage on twitter. you even have celebrities weighing in. this woman says united gate agent refuses to allow girls in leggings to board a flight. >> spandex is not allowed. >> and someone else says this is ridiculous, i'm definitely wearing leggings on my next united flight. and then and then and then there's this. another woman saying guess when my daughter wants to wear leggings i'll fly instead. and seth rogen reacts to united's response. they said sorry, this is our policy, they didn't back down. he says that's all cool, right? >> a little bit of sarcasm in th

scarlet: lululemon is set to report its earnings and there is eager this to move past the executive sidelulemon'scheck on progress. back in january, the company raised the lower end of its revenue earnings cast. the ceo pointed to a strong holiday season and you can see a boost in the sports apparel industry. 's own same-store sales rose 7% in the third quarter. as with most retailers, online sales growth, which is the white line there, is outpacing sales at brick-and-mortar stores. e-commerce makes up for 1/5 of the revenue. direct innovation and supply chain should have bolstered these results further. income is generated by fully owned stores. while the lion's share comes from those states, the expansion will provide sales to asia. gross margin expansion will be critical in reaching the 2020 goals. you can see how gross margin theth has improved since down years. investors will be looking for any updates on the men's side of the business. expect men's sales to increase to $1 billion by 2020. we will be following these results after the closing bell. oliver: i'm excited for yoga practi

it should not be lululemon, apparently. >> especially if you're 10.l. somebody saying these girls are sexualized and embarrassed. dress up. >> the girls need to be able to dress however they want. >> i think a 10 year old should not have to follow the policy. but i think they are being sexualized. told they needed to dress a little bit less casual. >> it's a 10-year-old. >>> let's move on to the cool cab driver. >> las vegas, surprises some of his riders. he's a uber driver, take a look. >> do you guys like rap music? >> yeah. ♪ >> that is him basically surprising his passengers. who would think he could spit those lyrics. >> i think the nerd thing is a total act. you know? rap music? >> you like rap music? this is another ode to food. you know we had patti labelle 's pies from way back when. this is something else. ♪ you know breakfast toxic chemicals and carcinogens are leaching into the environment. it's happening right where we live, work and play. everywhere. cigarette butts are toxic waste. let's stop the toxic litter. learn more at rethinkbutts

look at lululemon, a big hit after a weak sales report.a fraction today not much, but down $50 a share today. costs down at blackberry, remember them? the company lost less money so they're up 11%. strange how they work these days. budweisers will be renewed with fresh renewable energy by 2025. no affect on ab inbev's stock price there. the new company that owns them. americans paid a record in general sales, a precise number on the scene according to the u.s. census bureau. if we're spending record sales taxes, we're spending a lot of money. is that what that means? >> you have the fact, you had a lot of people who were underemployed and now getting jobs and spending money. it's a sign of confidence that's happening. what i'm interested to see what kind of relief are we going to get with the new tax cuts. liz: i'm sorry, it's-- we nearly spend-- paid, paid, nearly a trillion in property and sales taxes. where is that money going? >> it's going to local government. liz: it's horrendous, property taxes have stayed at peak levels even during

but we do have results on lululemon, dell, dell technologies and blackberry. >>> the gop's failed health care bill has republicans and the white house moving on to the next big item on the agenda and that is tax reform. kayla tausche joins us from washington with the latest. good morning. >> that's bhal we want to move on but the administration isn't talking tab yet. they're still in defensive mode following the failure of the american health care act on friday. the vice president on saturday in west virginia said the white house is still committed to reforming health care. >> even though congress isn't ready to do it yet, president trump will not rest, will not relent until we repeal and replace obamacare. >> and yesterday, budget director mick mulvaney who is deeply involved in the health care process as well said they're moving on. >> when it fails which it will, it may be may, the end of this year, folks will come back and say we can -- >> no longer a 100-day priority? >> no, because we've moved on to other things. the president does have things he wants to accomplish. he's not going

. >> third stock, lululemon.ing note, sti stick at rating, mkm's seventh proprietary survey shows bullish reads on the strength of the brand and fending, surveys 1,000 shoppers conducted in the second week of march. daily wearers, people who wear this every day peaked at 12.2% versus just 5.7% last march, which they say is more stable for athletic wear trends. >> you made my year. >> you wear it every day. >> peak yoga pants my dream. >> roomy bottoms. >> now in. which, by the way, does not go with the yoga pant theme. just throwing that out there. >> analysts say they will be caught offsides because the trend is not tight bottom, but roomy bottom. >> all right. carpet steer tech, using aircrafts, defense calls, securities upgraded from a buy, recent pull back, more attractive. the company is a huge facility in athens in the south, and only been running at 50% unitization because they work on oil rigs. as they picks up, the facilitying investment should pay off, 5 target on crf, 20% less, stocks doing nicely toda

lululemon investors searching for inner peace after shark -- shares tumbled on sales.ether bad karma is spreading throughout the retail industry. how has president trump change the game for anti--trump investigators? from the close of trading on this year to date, on this quarter. have a lot of action on the averages. on the last if the quarter. we have the dow and nasdaq unchanged although the dow is down more than it had been. atthe quarter we are looking decent gains, all the major averages are higher. the s&p 500 are both -- and dow are both up. there is some strength there. look at the vix on the day. it is up 7%. the biggest spike. itsl a lower levels but biggest spike since march 21 when stocks sold off in a big way and confirming fear for investors. we had some havens that are trading had -- higher with the 10 year yield down three basis points. the yen is rallying against the dollar. the dollar is down against began and gold and silver trading higher. an interesting and to the quarter. one that was relatively risk on even though there was a mixed risk on respo