we view lululemon, i view lululemon as an experiential brand versus lifestyle brand i think the brand life. but it is not a lifestyle brand meaning i'm going to, you know, diversify into a variety of categories that don't reflect who we are at the heart and soul, which is people living the sweat life so that's why we're going to continue to focus. we have no intentions of going into luggage we talked about accessories and bags yesterday, to and from the studio that's an opportunity, it is authentic to who we are. and self-care, you know that business has been built up and tested before i joined the organization so the good news is i have experience in the category, i see an opportunity for it, we're solving solutions for athletes which is unique in that space, but we're going to test and learn. we did last year, we're going to roll out to 50 doors and online this year, but it will be one of those very small test and learns, figure out as we continue the discipline of building our core. >> do you cringe at the word athleisure >> i don't cringe at it but i don't think it is who we are >

sector and what other names could be in play and why you shouldn't hold your breath for cheaper lululemon pants and how to spend golden years at the golden arches all in rapid fire but begin with the markets and dom chu has the numbers. >> if you go to lululemon's web site, there's a we made too much that they put the pants on discount we'll talk about that more but it's right across the board, not by much. i'll put a star over here by the nasdaq composite why? it is the, one of these three major indices that got to record highs as it sometimes does 81.39, on the nasdaq and record interday for the nasdaq first among these new major indices. two stocks to keep an eye on and both dow components but both of them are telling stories that investors want to hear boeing up about a percent and the company reported earnings and sales largely in line with expectations, but a purchase program and it does say that it's going to withdraw the full year outlook because of uncertainty with the 737 max groundings, but again, remember, 15%, still away from the highs we saw in boeing and one other stock to

lululemon holding its analyst today.vin mcdonald unveiling their strategic plan the company says three top priorities to drive revenue growth over the next five years are production, innovation, lululemon expected to more than double the size of its men's business by 2023, and pursuing new opportunities like skin care those abc pants, casual work wear, fastest growing category they aim to grow digital and expects to double its digital revenues quadruple it's international revenue in the next five years new ceo calvin mcdonald telling the "wall street journal" don't expect discounts or price cuts or find lululemon clothes in other stores maintaining that premium brand that has helped the company really grow in an outsize way. we'll have a chance to ask him directly about all of this in an interview tomorrow on "squawk on the street". calvin mcdonald first time since taking the job back last summer that he'll be on tv. the stock is up 80%. growth story has been appreciated by the market and every time you got skeptical ana

. >> lululemon.course, they're famous for won's athletic yoga pants and they're finding more growth with men now, aren't they? >> that's a very difficultfo thg the brand to do and is doing it. men's are now 20% of their business and it should grow faster than the whole. they're also growing in asia and in europe and their product development is terrific. consumers will pay up functional fashion and lululemon definitely has it. >> now to the food sector. wingstop. it is a quick sfsh sector is consers being looking for convenience. wing stop is a unique brand. think from 250 units today it can have 6,000nits in the u.s. and abroad. everybody eats chicken all over the world. eris is a company that is adding national asing to boost the brand. they're migrating their o c mers from phone to digital ordering which as to the order size and is more, fisht and they're growing out delivery across the system in the u.s. this year and that's a terrifically well-run company. >> are they special situations or do yo

be sure to catch our exclusive interview with the ceo of lululemon, calvin mcdonald this will be hisw since taking the job, tomorrow at 10:00 a.m. >> can you tell him his pants aren't long enough >> they discriminate against your height? >> no option to go -- >> they are like capris? like short pants >> i don't know if that's what they're called, but they're too short. >> usually men love the fit. >> short men >> interesting special sizing >>> up next -- market fears taking a bite out of investor engagement last quarter. for td ameritrade. we'll talk to the ceo tim hockey about the earnings and whether sentiment has changed now that we've reached record highs for stocks through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from using feedback to innovate... to introducing products faster... to managing website inventory... and network bandwidth. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence. >>> welcome back to the "closing bell." we're seeing some pockets of strength in

lululemon's earnings report dropping reebok to focus on its own privately owned label. >> dick's didot have a great quarter. i think that lulu had an amazing quarter and nike had a misunderstood quarter that gives you the best opportunity to buy right now. and i don't think that the pie is shrinking on athleisure i think it is growing. we love athleisure they are on "mad money" marl." i get it they slashed their earnings forecast and sounds like a scary thing but you know what, i like the risk roy reward here hey, when it comes to plastic how could that affect dow's profits? >>> then as smartphones and self-driving cars become more popular accurate information is more important than ever like the facts. my company that hopes to bank on the yesterday. my exclusive with yext then "the lightning round. so stay with cramer. >>> does it make sense to ask a ceo about how his products impact the environment as someone who is trying to help you make money in the stock market is there ever a reason to deviate? this morning on "squawk on the street" we interviewed the superb ceo of the newdow

this help stocks like lululemon a huge winter all-time huge winner with the gender. instagram accounts. amazon vans vans doing really really well they did really well in the 80's was just the coli. and vf corp hutch poll a chick filet e-commerce company called glossy a sigh pay attention or teenagers are spending on in large part because it can be amazing investments like all to lululemon and amazon worthy of note, 83% of teenagers have an iphone that bodes well for apple they spent about $75 billion a year. 25% us populations under the age of 20. they are a big spender athletes are luann on any time get in trouble always an opportunity to look at stocks and they were people are spending. good enough all right you brought up apple. so there are 2 new with that steam apple music. >>apparently beating out spotify. >>a couple years ago a standing here with mark cannon and he laughed at me when i said don't underestimate apple get into music. apple now has more paid subscribers the united states then spotify does not by a heck of a lot, but it's still worthy of note beca

>> side story, he works at a lululemon, which is a huge part of their premise something like that is what walmart is - >> product placement. >> -- discreetly ininsert -- i don't know if lululemon is paying them to do that. >> if not, they're missing out. >> we'll see what walmart can do with it. we want to talk ipos it's been one month since lyft went public. it means today is the day if underwriters wanted to they could exercise option for 15% more shares. the stockis down 35% from the highs. are any of them doing this >> they can't do it technically because of the way they're structured, the price of the stock would have to be higher than the ipo price >> oh, really? >> so far it has yet to do so. >> it has to be higher than the ipo price to exercise the green shoe >> yes often you see it take place the first day because you get the huge pop on day one. underwriters will exercise the right to sell 15% more stock in the ipo than was in the ipo to raise proceeds for the company with lyft it's been a slow trajectory downward -- >> they priced it too high they were too ambitious. >> as

according to piperafterr jaffre spend on lululemon, ulta and chick-fil-a. the industry is trying to figure out the shop iping habits of teens. >>> disney's hosting an analyst day lat this week, the company aexpected to offer detailut its new streaming video service to be called disney pl julia boorstin takes a look. >> reporter: disney plus the center of his strategy. the content direct to consumers. now we're hoping to find out key details, incding how much the service will cost. iger said it will be less than netflix, when it will launch. after iger l saide 2019. one thing's for sure, to differentiate from other stseaming ices, we expect iger to focus on disney's unique brandsncluding marvel and star wars. creating new exclusive content which will live on the platform, with the same productio value of movies. disney's likely to showcasehe ep vault of its libraries including tv shows and movies. >> this i exciting time for the company because fox acquisition, that's a whole lot of content disney will be able to add to their service. you have avatar, deadpo

the news of the moment so typically you will gap up and hold a gap you will see it all the time lululemon did it recently. lots of examples so the direction it gaps typically you'll see a lot of backing and filling and the multiple sessions thereafter at the general level where it opens on the gap. >> mike, last word. >> yeah. you know, the thing i would just remind people of in all of the streaming services it comes down to two things. it will come down to content and competition. and that competition is also going to impact the cost of that content we're seeing very good production values coming out of the competitors. that increases costs so if you're going to try to be competitive, the costs will go up that will make it a tough road to he for netflix. >>> all right, check out the casino stocks all up double digits this year las vegas sands expected to kick off next week but if you're worried about the stock crapping out on the results brian has a solution. >> when you look at las vegas sands you mentioned how much it's up on the year here it's in the middle area where it's broken out

the number one brand in terms of footwear, that had a stellar reading there's a significant brand, lululemonst notable risers in our survey it cracked the top ten list. it wasn't just driven by females. males were actually supporting that that would be on the apparel side looking at technology, that is very important gen z is the first digitally native generation we have. these teens were 3 or 4 when the first iphone came out. 83% say they have an iphone today. the other stat that was staggering is 50% of teens claim they shop on amazon as their private market spot. >> erin murphy, thank you. >>> on deck. calling it quits why a huge cigarette maker is telling its more than 1 billion smokers to stop smoking. >>> but, first, brexit going main street. theresa may giving the old snl treatment. must see video when "worldwide exchange" returns. dear tech, let's talk. you blaze trails... but you have the power to do so much more. let's not just develop apps, let's develop apps that help save lives. let's make open source software the standard. let's create new plastics that are highly recyclable. i

the casual side i bring it up because there's this long standing debate about whether you can wear lululemonpants. joe is on the right side >> has eamon javers worn the $5,000 fannie pack to the of yet. >> i don't know a woman who has a ubag. >>> april is financial literacy month. karen will join us with tips how to get your portfolio started. "the exchange" will be right back [knocking] ♪ ♪ memories. what we deliver by delivering. >>> metropolitan capital co-founder and ceo karen finderman pen agnew op-ed on cnbc highlighting her top reasons why it's never too late to start investing it's matter of cnbc financial wellness initiative. a partnership we have with acorn. joining me now is karen finderman. great to see you >> really nice to see you too. >> let's go through the points here the four excuses for investing and your rebuttal. number one which is the main one, i don't have enough known invest >> that's an easy stumbling block for people to use as an excuse it isn't an excuse right? with these kinds of products you can invest as low as $50 a month or even less than that and it's so imp

you know indeed osce adidas is losing tonight he under armour's losing 2 lululemon. teenagers control the day that discretionary spending and a 4 nights a big one in video games back. rumors or microsoft's about release an x box without a cd or dvd player and it's all going stream instrument all going stream in. and even though the scheme's free it's open the market so that's kind the point that i'm trying to get out there, ok. 14 1% of incomes, interesting ok. >>and then last week with your question this one from max and max thank you for sending this in. so max wants to know are there any great last second tax deductions right where are coming up on the 16th. >>not much of a tax case i apologize i will say that the best thing still out there is the 4 o one k and 4 through the earth for 57. you can lower your federal income tax brackets by investing more up that's what americans are doing. president trump took away a lot of the deductions the individual itemized deductions on mortgaging its mortgages in california. so lot of things that we use to write off. they're

invest for ten years at a time but i think jarvis green's list of constellation brands, netflix, lululemonre up the worst ones up 36%, the best so far since the lows in december the best one, netflix, up 60% already. when you buy something up 60%, when a market is up 25%, i don't know how much more room you expect it to run >> all right michael, hang on for a minute. we talked about the stocks that were taken but also a lot of stocks in discussion and controversy about some of the stocks that were left on the board. and dominic chu is here to look at those that were left behind the orphans, dom. >> i had the cards for each team yesterday and marking down every pick as it came along so as i looked at the 60 plus stocks, plus 3m, by the way, not up on the board since we put it in late, i was curious about the names not taken because i thought to myself, if i were picking in a contest, these are ones i would look at take a look at these ones left on the board if you know the ones that were taken but why not lyft and the reason why i say that, not because i'm proposing that people take and buy

i think the growth story at lululemon still has legs i still like the risk/reward on lulu, even after the triple. we were talking about the stock at $50 after the triple, i still think there's an opportunity so nike, lulu, and then pvh and ralph lauren are your value plays within the space >> i want to talk about an interview we had that stood out to me. almost every single viewer was -- michelle gosk in kohl's and i heard the same word every time, crushed it crushed, crushed this person is doing a remarkable job can you spell out that case? because i was looking at it today, and saying what is it doing in the 60s it doesn't make any sense? >> i think what she's doing that's different across retail is she's taking the blank slate approach she came in and is looking at kohl's from the ground up, in that they have over 1,000 boxes. they're a brick and mortar retailer if you organized it today, what would that box look like so she's the one that's come in and started to forge these partnerships like planet fitness, amazon. so she's looking at the box and saying how much do we need for th

lululemon, it was a magnificent number yes, athleisure. and nike is coming right back, as i told you it would it had an awesome quarter, especially in china. final driver here, let's talk conferences. here is a little game in the retail, the hedge funds play you ready? next week is rethe biggest confab of the year for this industry, it's the jp morgan retail conference run by the great and powerful matthew boss. i think a lot of the big-time portfolio managers are sizing up retailers ahead of the conference and betting that companies will tell good stories at the conference. and the stocks will shoot up this is the kind of trade that i used to do nine days out of -- nine weeks to sunday i did this kind of trade constantly at my old hedge fund. i can't trade now, but i did it. it happened today. i saw the buy, and the retail stocks tomorrow are getting in ahead of the conference. so how powerful is this move give us some context here. even lowly cvs rallied today cvs rallied. how impossible is this it did it despite being painted yesterday

sector and what other names could be in play and why you shouldn't hold your breath for cheaper lululemonts and how to spend golden years at the golden arches all in rapid fire but begin with the markets and dom chu has the numbers. >> if yo

more on what this all means for the sector and in his first broadcast interview since named ceo lululemon'sld will join us tomorrow morning at 10:00 a.m. eastern more "squawk alley" after this more "squawk alley" after this break.r investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. we segetting to patientscines in record time. at emerson, when issues become inspiration, creating a better world isn't just a result, it's a responsibility. emerson. consider it solved. >>> welcome back to "squawk alley. chips and semis are showing strength as the nasdaq trades at record highs the smh on pace for its fourth straight positive day as it hits a new intraday all-time high intel, microsoft, all set to report earnings this week. joining us to discuss the sector's performance mkm partner managing director and analyst ruben roy along with bernstein analyst stacy rasgon thanks for joining us today. >> thank you >> ruben, we've got a bit of a debate on our hands as to whether or not we're at the bottom of the cycle. taiwan se

so with lululemon -- lou speech, did lincoln hand that book to somebody? in that regard, with the douglas -lincoln today -- michael: it was stenographic reports. an argument has been made that the republican account of lincoln's words was prettified, that the editors spruced it up to make it more smooth and articulate and impressive. really, if you want to know what lincoln really said, take a look at the democratic newspaper, the chicago times. i'm serious. this is what was said. they did not feel any compunction about making lincoln look like a jerk, because they wanted him to look like a jerk. and vice versa. the words of douglas would probably be more accurately reflected in the reports of the republican newspaper and vice versa the reports of lincoln. that is preposterous. that notion is simply wrongheaded, because we have abundant evidence that stephen a douglas, who was not particularly scrupulous about political campaigning, hired a stenographer to deliberately mingle lincoln's words. angleliberately mi lincoln's words. we have good testimony from

. >> it's not a joke lululemon pants.hey're hitting a new high because i'm a leader, not a follower leaders lead i'm the decider. >> what kind of lulu lemon pants are they >> abc pants >> what does that stand for? >> aebt banti-ball crushing. it's apparently on the lululemon website. >>> ousted nissan be boss carlos ghosn -- it is on there, right >> it's true go ahead >> carlos ghosn tweeting i'm getting ready to tell the truth. really that's awesome about what's happening press conference on thursday, april 11th it is tweet came from a verified twitter account bearing his name it probably is his every him it was the first tweet from the account, which was later followed by a second tweet bearing the same message in japanese we're told we don't know. it could say anything. in the meantime, reports say that new probes by nissan and renault are investigating payments made by the companies to a distributor in oweman investigators found that the distributor then funneled millions of dollars back to ghosn. a spokesman for the

old the last time i was after round cnbc i did say i think levi strauss will be around well after lululemondistant memories because i think one of the problems with the brand names of today, they build up really fast but don't have any roots much as you might dislike levi strauss as being old-fashioned, it has roots >> overall market valuation, you're mentioned in bill miller's letter this month why he believes stocks have more room to run, because the implied equity risk premium has been persistently high. since the crisis, people are nervous to touch that stove again and it suppressed equities artificially. >> i don't think it's artific l artificial artificially prices are up substantially over the last ten years, earnings and cash flows are up even more. i think the buyback component is what kept stocks up. that will be what i'm watching for stocks that starts to fall back dramatically and i start to get worried. >> you really don't think new brands like lulu and under armour can build new roots. >> the essence with the millennial consumer, they don't seem to have any loyalty i know it's

you have lululemon kopg 17%.its north america business adidas is doing well where do you see yourself fitting in especially. in the u.s.? >> it speaks to the fact that to be in this space of health and wellness and athletic, it's a great grounding force. we love being in this space. i love competing i just gotback from a 12 day trip in india and mumbai and we brought michael phelps with us you see the energy and excitement they have a diabetes problem there. all sorts of things we can do. the more we can draw attention that's the rising tide raises all ships. we're happy to be the ship the 14 year journey we had as a public company there's a lot more work this brand can do. >> you know we've seen your stock has done well. it's up 22%. out performing some competitors. we've seen some articles and some scandals from the, you know, strip club expenses to your relationship. are you putting all of this behind you should investors be worried about these kinds of issues >> looking forward we've always been moving forwar

get facebook, tesla, at&t, microsoft, chipotle and many more and we'll look for headlines from lululemon'seting and more big earnings on thursday, as well from amazon, ford, intel, starbucks, 3m and more and on friday we'll get earnings from chevron and exxonmobil. woo! i'm getting tired just reading all of these names and at&t hosts its annual meeting and avenger, endgame finally hits theaters and it's been breaking some of the pre-sale records. >> it has, indeed, and a big, big list of earnings the likes of facebook. morgan, as always, thanks for filling in >> happy easter, happy passover. >> happy easter and that does it for "closing bell "qwest. >> "fast money" begins right now. >> fast money begins right now live from the nasdaq marketsite overlooking new york city's times square i'm melissa lee. tim seymour, steve grasso and guy adami. pinterest and zoom soaring in their trading debuts and we'll bring you the latest on those stocks, plus a dope pot deal canopy buying acreage holdings for $3.4 billion and we broke the story last night on the show and we'll sit down in an exclusive wit

very successful malls >> wanted to ask but a brand in retail that is doing really well, and that is lululemon. the company held its first analyst day yesterday in five years. we talked to the ceo kevin mcdonald his first treev interview today where he's laying out a pretty ambitious droeth agenda and i asked him how is it doing better than the rest of the industry, what's resonating with lulu versus the rest avenue parol? here's what he said. >> it goes back to the performance of the product it goes back to what the brand represents we're a purpose-driven brand that reflects the values, connects to the community, and brings a spirit through our educators and the ambassadors in the community that we connect, and i just think that is a very unique position to have in the marketplace. it's an incredible product that performs and people feel the heart and soul of the brand. and i don't think that will ever go out of style. and we're connecting with the minl yalz today as strong as we're connecting with our current demographic. >> if you heard a retailer talking about connecting with the heart and

morning we've got on tap including exclusive interviews with the ceos of southwest, chipotle and lululemonalso got an awful lot of earnings facebook, microsoft out and they're lifting the nasdaq 3m, well, it is dragging the dow