power of millennials in gen-z, 50% of aged and where are they spending, nike still dominant and lululemon made the biggest jump in the survey 30%. it's where and how consumers are finding changes. with half buying on posh mark, like t.j. maxx and half the users buying brands they discovered on tiktok let's bring in john callen what's the biggest investment for you. >> there's huge implications across the public spectrum we published this report with nine other cowen analysts. on data regarding younger and older consumers. the pick macro takeaway, the biggest wealth transfer in history is under way of $60 trillion in assets that will transfer to gen-z to millennial consumers in the next decade their spending power will obviously increase and you just spoke about the micros >> we're showing nike, lululemon, t.j. maxx, those are stocks that are positive >> yeah, on the survey four years of this data surveying younger consumers, lululemon stood out as the biggest consumer among spenders, in that category, it remains dominant in sneakers and apparel. and then facebook, instagram and tiktok sho

i was in the airport and i had t this epiphany of about 80% of the travelers wearing lululemon. i want to get your take on supply chain and the price of cotton >> good question about supply chain. they havebeen very open about it and whatever problems they had. cotton, i know every one has figured out about cotton but it's not a reason to sell lulu it's the first one to buy if it were to come down below 400, i would buy some kim in virginia. kim. >> caller: thanks for taking my call >> my pleasure what's up? >> caller: i have a question about micron and 26. >> here is the issue i spoke with sanjay today, the ceo. every analyst in the book seems to decide that thing is shot i believe it isn't i think they're three, four points down and a lot rest up. it's much more than just for heavens sake those are going down in price. they have hard time making the quarter which means it's not going up from here the big bet against it going down doesn't make sense at this level. the bears always seem to get the benefit of the doubt no matter how stupid they are. please remember bearish billio

she went to lululemon store in san francisco. i've seen it in san francisco. friends have seen it in san francisco. and up and down on the west coast. you have walgreens. you have cvs, you have walgreens, other stores having to shut down at 5:00, because people are just going in and stealing stuff and walking out the front door. never seen anything like it before. >> right, joe, remember what you say all the time. two things can be true at once. criminal, and exactly what we're doing, economic effects of covid. folks are trying to make ends meet. two things can be true at once. we want to condemn the organized effort that's leading to walgreens shutting down five stores in the san francisco area. and the very thing you just described. but we also want to be open and charitable and mindful. folks are hurt even as 90-year-old men are supplying into space. >> eddie just set up the next story. >>> now, coming up, jeff bezos, william shatner and an astronaut, lifting you have to to the countdown lifting straight ahead. and the new pod

because i don't you can't afford those lululemon pans. i'm not going to buy them for you. >> kyrsten sinema seems like she would not be bullied into changing her behavior because of being followed into a bathroom. >> greg: she was trying to solve them. there's something about the fact that she is a woman which is why they did it because there's -- that she would not be parted, which is one. she should have been. she would have -- a guy followed her into the bathroom and i don't know. maybe is not identify as a guide. but if i follows my wife into a bathroom, would soon be a nonlife far. i'm sorry. i don't know where, when this happens, when is violence -- violence is certainly okay in this. if you are in the bathroom and someone is filming you get that is an assault. it is an assault on you. that is your privacy. you should kick that door after the break in the face, and that is the end of it. by the way, in this notion of equity and equality, it does not matter the gender, if they don't see it as a problem. should have any -- no problem

lululemon and cvs have earnings coming in a couple weeks we'll see what happens there, but that's howarnings better than what we had anticipated coming into the first quarter. people thought it would be a big drop from second quarter, and actually, it's not that big of a drop from the percentage of companies that are beating i think we're sitting in a pretty good spot right now >> i want to hear a couple numbers that are crossing. just the top and bottom lines of each of the headline ones. microsoft moving higher, $45.3 billion. the forecast was just under $44 billion. eps, $271. the forecast was closer to $2. i want to mention we have the first numbers from google crossing microsoft beat google to the punch. $65 billion in revenue $65.1 billion for google or alphabet the forecast was for $63.5 billion, so on the revenue line. just digging in to see what the eps has come in at eps looks like it's coming in at $28, which is a beat versus the forecast of closer to $24. but need to get to the guide on that because we're seeing shares slide a little bit down 1% in after hours trade. going

outperform 26-dollar price tag and under armor hired and as you can see it is higher by almost 2% lululemong fan during this pandemic, i speak for myself i was up almost 2%. is this actionable lower, wedbush calling this one of the best performer in its sector and the other stocks are moving higher, gap a little red we will take that, a little bit of a red, bed bath and beyond, the lowest point in the year former mean stock bank of america with shares underperformed rating, the bears move coming on disappointing second-quarter earnings report and forecast cut by the retailer and as you can see stocks not having a good week, downward and 4%, let's look at facebook again the stock is higher by almost 2.5% even though they suffered a major outage yesterday and currently under fire on capitol hill for prioritizing profit over safety, now charlie gasparino taking it a step too far, you are speaking from experience. >> they did not censor me they censored a friend of mine i'm getting inundated when i posted that stuff on twitter and facebook about how their overreacting and are in overdrive looki

that consumer theme, we've been adding to some of those names, so you look at a name like target, lululemondded to our portfolio for the exact reasons we're talking about. the consumer is strong, demand is there, these companies have pricing power, and these larger companies that have been working on their supply chain and their online issues for the past year and a half are sitting in a really good position to take advantage of the situation that the economy is in right now. charles: jim? >> you've asked me this question a couple times and i've stayed consistent the whole year. i still like oil and banks the most. one interesting thing about banks today is that they're doing okay even if the yield curve is flattening. to me, i think they are saying that higher rates on the shortened are good enough to push banks higher. the oil demand, if oil demand is rising, going through technical levels to me it looks like oil goes to l 88 for starters and possibly 100 in the next couple months and drags the oil names with it. charles: i got out of some of my oil names i feel like i might have been pre

i wear lululemon, i eat at chipotle and both phenomenal management staff and the last couple of weekssimple. they're longer duration assets and you will see in the a pause and appreciation of the stocks under those circumstances, but the secular story, no way. that's why you own the stock it's fantastic >> weiss, you're nearly a millennium don't lose sight of that >> i have a question for joe >> we have to go >> i have a question for joe >> if it's a joke, i'm going if it's serious, go ahead. >> you better go. >> exactly the the investment committee is making moves in the market michael farr gives us his. we'll do that next the pursuit is on. the pursuit of outperformance at pgim. with deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> we've got some moves i want to

lululemon says factory disruptions in vietnam are causing disruptions. the head of the national tree company says if you're looking for artificial christmas trees, look now. then you have costco putting limits on toilet paper again partly because of supply chain bottlenecks, partly because of some panic buying, along with bottled water and cleaning supplies. this stuff has real world consumer impact, steph, i'll turn to you. >> i talk all the time about how you need to do your holiday shopping now, but i haven't done a single ounce of shopping, and i need to. what's the takeaway? shipping costs, whether it's from getting from asia to here or in the u.s. trucking transportation, air transportation, the pricing is through the roof. the takeaway for the consumer, not only shipping delays, but the price of things are going up because so many of these products have razor thin margins as it is. remember, we live in a consumer-based economy, where especially over the last 20 years, as we look at price sensitive and price competitive, there's not big margins. so

said price increases can mitigate and sell through environment they believe will be strong naming lululemong this very closely. it is easier with economies of scale and a big company and more levers to pull and sway with the members of this global supply chain and saying this is perhap the theme of maybe another year. >> that's right. but you pointed out something that's important is that for stock pickers we got the opportunity on the next quarter to dive in and see who prepared the inventory levels for this coming holiday season. knowing that shipping was going to back up knowing that rates increase and only pass so much on to the consumer we'll see who has made travel arrangements to secure that shipping and delivery and shorten that window, that duration to match amazon's next day and this is where we see who's prepared the business for this and i think some winners here for me while they pick the specialty names i look at the value operated retailers to work from here. particularly as these inflationary pressures increase and walmarts and targets of the world did a lot to integrate del