they don't have the breadth of assortment really that lululemon has at this point.lly are sort of that key pant. i'm not sure that it hits at much of the performance aspect more of that athleisure aspect but some people buy lululemon, me, maybe just to kind of sit around into. >> i was going to say it's mom performance, it's not athletic play at all. lulu has been impressive with all the competition. we'll see what they say about tonight. >>> we're going to talk some costco to round things out here. the value retailer is up 40% this year, and weathering the volatility of the past month pretty well. labor shortages, supply chain issues, inflation all could be key factors here what are we watching for in these results, court >> so, costco is one of those that really has very few surprises when they report, kelly, because they still give us monthly information about sales. so we know where the comp sales already were for the month of september they were higher by a little more than 14% for october higher by 17%. and then the month of november ticked back down to higher

jack: one other concept, act leisure, status thing, nike, lululemon, under armour, are they doing wellulemon just reported the results they don't have a lot of art down there selling goods watch them expanded to other categories even like footwear next year. i think nike is transitioning from the headwinds of the shutdowns in vietnam with the supply chain disruption. i think overall you have a brand like nike that continues to be appealing in the margin profile of lululemon is very attractive and i think you will see them talk about new growth metrics for 2022 and beyond that are compelling. jack: can you give us the name of a couple of retailers that are kneeling on both, great traffic but doing well. >> i think of a bunch of retailers that are doing good of both. we stayed with department stores macy's has nearly $9 billion in sales and online. you've seen it with lvmh on the luxury goods company the digital sales remain strong while the traffic is strong too. i think we see it from other businesses like lulu like we just talked about. we also have some of the apparel retailers like

these two may also have been involved in a recent retail theft at lululemon. these two men are accused of stealing 17 pairs of sunglasses from the sunglass hut on november 21. >> stole $7,000 worth of sunglasses. >> reporter: prosecuors allege, they stole nearly $3,000 worth of merchandise at macy's and went back and stole $2,600 worth of perfume. that's when police arrested them. the deputy district attorney says the two may also be connected to the recent retail theft at the lululemon store. >> investigators are very busy going through all kinds of electronic data and all kinds of evidence and trying to determine who was involved in what offenses. we saw references to the lululemon within their texts. >> reporter: they are part of a larger crime ring. >> they are working in a way that they go after high end consumer goods that will resell for lots of money. fences in san francisco are looking for high end goods. these crews are coming in to grab them. >> reporter: sometimes they are given a so-called shopping list for specific items. today, the two suspects

tesla, lululemon and mastercard top the global rankings for business �*future readiness�*, find out why from suspected heart failure at the age of 53. he sold well over 100 million albums in a career spanning more than three decades. the united states' troops have been trying to overthrow the dictatorship of general manuel noriega. the pentagon said that it's failed in its principle objective to capture noriega and take him to the united states to face drugs charges. the hammer and sickle| was hastily taken away. m its place. — the russian flag was hoisted over what is now— no longer the soviet union, but the commonwealth of independent states. | day broke slowly over lockerbie, over the cockpit of pan am's maid of the seas, nosedown in the soft earth. you could see what happens when a plane eight storeys high, a football pitch wide falls from 30,000 feet. christmas has returned to albania after a communist ban lasting more than 20 years. thousands went to midnight mass in the town of shkoder, where there were anti—communist riots ten days ago. this is bbc world news, the latest headlin

lululemon slums as much as 3%, even as the company reported better-than-expected earnings.e will discuss the maker of yoga pants, and our stock of the hour. this is bloomberg. ♪ matt: this is bloomberg markets. i'm matt miller. with amanda lang. bitcoin remains on pace for its fourth consecutive weekly decline. it has long been touted as an inflation hedge. it has been bouncing around the $50,000 level since the flash crash saw a tumble of 21%. but it is pretty silly to look at something over a four-week period, especially something that you consider an inflation hedge. i often spoke to a famed investor, and he held 5% to 10% of his portfolio in gold as just that, an inflation hedge. if he had held it in bitcoin instead, he would have done much better than just hedging against inflation. he is a billionaire but he would be a multibillionaire. amanda: it doesn't actually make sense to think of bitcoin as an inflation hedge. people think of bitcoin as a gold proxy. gold was an inflation hedge. it is worth what the next guy is willing to pay for it. it has no intrinsic value,

reaction to lululemon results.we'll talk to a top analyst about what he wants to hear on the conference call. late ireu competition commissioner, the cop on big tech, responding to criticism that europe is too protectionist coming to anti-trust we are back in two minutes here on "closing bell." ♪♪ in boxing or any other business, one day, you're gonna take a hit you didn't see coming. do you stay down? or do you get up? [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪ >>> lululemon earnings just out. the stock is bouncing off that initial reaction courtney >> hi, sara. for the top and bottom line they are reporting results stronger than expected. $1.62. the street looking for $1.41 when you look at the guidance, however, for the full year revenues in line eps slight miss. shares are bouncing around to your point up about 2%. the total comparable sales increased. just stores increased 32%. stronger than what we saw online or the direct to consumer segment. online sales 40% of total s

lululemon says pressures are likely to remain into the first half of next year.ulemon falling after hours. broadcom saying that they are extended and stable. bloomberg terminal users can read more about those stories in our newsletter. haidi: honeywell's chairman and ceo darius adamczyk says his company is -- he has told bloomberg sustainable business summit that he sees a much greater focus on sustainability of the planet. darius: a much greater hope on the parts of government and society in general. we have much greater levels of sustainability for the planet. i think we have seen that trend initiate in the 17, 18 time frame it is taking off. if you think about esg and its impact on the world, business environment, i would say it has been accelerating ever since 2018. and i would say that acceleration is not linear, it is exponential. for honeywell, that is a great thing. this is a company that is all about controls, automations, energy savings, sustainability, and energy solution. we welcome transformation. now with cop 26, we see that that is going to continu

you own lululemon. >> yes, frank, and the question is how big turn around in the bricks and mortar areital sales are really important they have several quarters where they were up nearly triple digits, nearly 100%. can they be another one of those quarters if it is, the stock goes back to 475. if it isn't, breaks down through 420. >> all right keep it rolling, john. final strads trades. you are first up >> sure, square, frank after the big sell-off, i don't think it is deserved i'm buying square calls, january 175s >> shannon >> salesforce. crm. if you think about most, we talked about them early in the show, they have one. it is going to continue to grow. >> jason >> qualcomm, as it continues to d diversify, stay long qualcomm. >> weiss, last word. >> short tlt >> that dose it. "the exchange" is jon fortt is coming up next ♪ >>> thanks, frank. i am jon fortt in for kelly evans. here is what is ahead on "the exchange". >>> stocks are ending the wild week with losses, with the nasdaq tumbling 2.5% the jobs report not helping the markets. 210,000 jobs added in november, not nearly as man

lululemon, up 2.7.rican eagle up 3.5% today sales of electronics up more than 16% according to mastercard's holiday sales report shares of apple up more than 2%. best buy higher too but just by about 1% walmart, target, amazon also likely big sellers of consumer electronics to shoppers during the holiday season which by the way still has a very big week this week potentially as retailers try to capture exchanges rather than returns and entice shoppers to spend those gift cards frank, you might know the revenue can't be recognized for gift cards until used. >> i use mine all the time courtney reagan, thank you, great reporting. >>> let's talk about where retail is headed in 2022 jerry storch, former toys "r" us ceo. jerry, happy holidays, thanks for being here >> great to be here. >> i was a toys "r" us kid so i'm appreciative of all your work in-store sales up 8%, e-commerce up 11% sounds like an all around win for retailers. was this holiday season as good as the numbers make it seem? >> i think the se

owners have been on edge in the bay area after organize mass retail that made national headlines the lululemon store and santana row was among multiple businesses that were hit by these last month. >> san jose police say a group people went inside the store and ran away with merchandise just days before christmas officers patrolled the area, but shoppers didn't seem to worry. and we're concerned about something else. oh, my goodness. we're trying to go around right now. and it's just trying to find all the parking is been so hard to go do it. we managed to go park all the way in the back really it's really difficult to get like 5 parking everything. >> took a long time. this morning. >> and if you still have some last-minute shopping to do. stores will be open on christmas eve. the choices may be oimited reporting in san jose >> all right. as we head to break here's another look at stormtracker 4 radar. >> as rain makes its way through the bay area are meteorologists on stray ball has been tracking this minute by minute when we get back, is going to tell you exactly what areas are being target

you mentioned peloton, we have heard of other companies and we saw what lululemon announced about theiror. this is not the time that a lot of people start fitness program. we have been in this for 23 years. every first quarter, people get tired of feeling sick and tired and that's when they come back to find a solution. we believe we have a solution and that will ultimately be reflected in our results and the share price. caroline: great to have time with you again. that does it for this edition of bloomberg technology. tune in tomorrow and we will talk with mk and partners and plenty other money managers as well as some key expertise. this is bloomberg. ♪ it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you

you mentioned peloton, we have heard of other companies and we saw what lululemon announced about their. this is not the time that a lot of people start fitness program. we have been in this for 23 years. every first quarter, people get tired of feeling sick and tired and that's when they come back to find a solution. we believe we have a solution and that will ultimately be reflected in our results and the share price. caroline: great to have time with you again. that does it for this edition of bloomberg technology. tune in tomorrow and we will talk with mk and partners and plenty other money managers as well as some key expertise. this is bloomberg. ♪ >> good morning. we are counting down to asia's major market open. >> welcome to daybreak asia. asian stocks -- on speculation omicron will not derail the global recovery. studies show the latest strain may be less harmful than the delta variant. president biden says they have

and casualization with lululemon, continue to do dominant.ley: how much of a risk factor is china in that equation? dana: it is a risk because the chinese are buying at home now, not traveling as much. certainly with some lower-priced options in cosmetics, it has been an impact. another one of our topics is nike. earlier we saw the weakness in asia, but the global strength help to drive that business. if we get tourism coming back, that will only propel brands further. kailey: great to get your insight, dana telsey. thank you for making some time. happy holidays. we will get insight on demand for rvs during this holiday season, and the impact on supply chain problems. we will speak to jason lippert. this is bloomberg. ♪ kailey: this is bloomberg markets. i'm kailey leinz. u.s. rv shipments posted a record in november, up 15.6 percent compared to a year ago, as people look for ways to travel without staying in motels or riding in airplanes. the industry seems to be steering around supply chain, labor problems, but what does the picture look li

lululemon earnings are on deck the big bet one trader is making on the athleisure stock. >>> disney workinglance from recent lows that cause one of our traders' attention. that's coming up when "fast money" returns after this. our retirement plan with voya, keeps us moving forward. hey, kevin! hey, guys! they have customized solutions to help our family's special needs... graduation selfie! well done! and voya stays by our side, keeping us on track for retirement... ...giving us confidence in our future... ...and in kevin's. you ready for your first day on the job? i was born ready. go get 'em, kev. well planned. well invested. well protected. voya. be confident to and through retirement. as an independent financial advisor, well planned. well invested. well protected. i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the indepe

the president of ukraine on the russian troop buildup we have earnings from oracle, broadcom, and lululemonks union vote count. i'm interested in this one. it does see -- it does feed in to whether we will see unions get more power. dani: tomorrow we have cpi in the u.s. and the royal dutch shell shareholders meeting. alix: coming up, "balance of power." this is bloomberg. ♪ every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. >> from the world of politics to the world of business, this is "balance of power" with david westin. joe: from bloomberg world headquarters in new york to our tv and radio audiences worldwide

lululemon, another winner. the retailer gets about 40% of its revenue online some of that could have been early holiday buying shopify reported strong thanksgiving weekend sales for its merchants. often those small and medium businesses selling goods to consumers. that will likely be a winner for the season, too. and the season isn't necessarily over that is big week for retailers to entice shoppers to make exchanges instead of returns and for consumers to cash in those gift cards take advantage of the discounts that are always happening in this final week of the year. back to you. >> it's also a good chance to bring in our guests for the hour joanna, who i know has been deep in all things metaverse. we've seen lots about the app, some of the other plays today which are outperforming. is this sort of, do you think, vindication of facebook's t strategy to go all in? >> over christmas, there was always a good indication of what are the top gadget gifts are the apps in the apple app store which are topping the fre

under armour, lululemon gaining.ot just a story here in the u.s., but over in europe where european peers are rallying the idea that if sales are growing in the states in europe, that is something other parts of the industry will benefit from. kailey: thank you for the report. i wanted to mention some other news here. it will be amanda's last day and our bloomberg partnership, i know matt is not here but from the whole team, we want to thank you for the past four years. this show will continue, it will not be the same without you. we miss you but wish you luck with your next adventure. amanda: thank you, i will miss you. kailey: this is bloomberg. ♪ mark: i am mark crumpton with bloomberg first word news. new york city is getting residents to get a covid-19 booster shot. mayor bill de blasio said they will provide $100 payments to those who receive the shot at a city run site through december 31. he said 1.7 million new york city residents have already received their booster shot. the u.s. health care profession is s

theme at home or in the office along with brand strength and solid direct to consumer businesses has lululemon capri holdings is top pick that's the parent of michael kors and others. it's reined in the inventory and promotions and will not revert back to discounts even if competitors do ubs have walmart and amazon on the top picks for 2022 list. both have underperformed this year and ubs says the stocks are mispricing some e-commerce positive impact. bath & body works is a publicly traded company and matt boss says the pandemic accelerated market share and foot traffic in store and gave pricing opportunities so positioning bbwi well for 2022 >> lots of picks there i want to ask you about macy's the stock more than doubled this year what are analysts saying there >> yeah. this is an interesting one while the mastercad pulse holiday sales data said it was a good season for the department stores, analysts differ on the opinions for the retailer. one says it's a top pick for the year forecasting to take share and grow thanks to the leadership in omnichannel and the focus on the younger consumers.

not that much like spam, lululemon, they report and i think that is going to give you a fantastic set of numbers i also want to hear from chewy too, the pet retailer has seen stock get cut in half. i posted some chewy toys recently it is a called a bear market, people digitize, pulverized friday we hear from a consistent health care game and that is centine. and you'll hear about buybacks as opposed to some of the things you'll hear from the earlier ones like it very much. in the end, it has masked the weakness in and this is the week where world's collided, i love that book. well will the beating tib next week or does it come down enough for that santa claus rally to start early. maybe earlier than expected. the bottom line, i think we may be in for more punishment. but giving the crushing blows there is reason to believe we're getting closer and closer to the light at the end of the tunnel, and no, huh huh, it is not an oncoming train let ooze go to paul in tennessee. what is up. >> caller: i was wondering what your thoughts are on a retail stock. it is up over 400% this year before

. >> last but not least, lululemon. hey, courtney. >> hi, carl. yeah, the conference call still ongoing, but wrapping up turning in a stronger than expected earnings and revenue number for its fiscal third quarter. full year earnings guidance, ali a little light the cfo notes the company did raise guidance they also note that while there are several large volume weeks ahead of us, we feel well positioned to a strong end to 2021 revenue grew 28% north america 40% internationally, calling out china specifically for strength. total comparable sales growth of 28%. store growth grew 32% and when you're looking at the portion of online versus in-store, online was 40%. gross margin did improve to 57.2% and the cfo noted that mark downs declined when compared to 2019 shares are down here just about 2% after hours still up about 20% year-to-date. but fairly rich valuation on this one back to you. >> thanks, court a lot of cross currents on this one. you've got to dispute with peloton over moirror. let's trade it >> so, there's a lot to like the cross margi

. >> lululemon, bath and body works.ke figs and traditional companies that reinvented themselves likely vies let's look at what is happening in offprice where durlg ton has a path to grow. >> i thought your recommendation on figs was interesting because you are combining two things we cannot get away from one is this return to work but, two, this is a company that's devoted to like health care scrubs and direct to consumer so it is combining a lot of the things that you are really focused on. >> exactly look what they have done they have changed the process of buying health care apparently with dtc they have a purpose, and they are ambassadors of what they call awesome humans are the health care professionals. let's not forget that's the fastest growing professional network in employment that we have seen throughout the country and they are driving profit. they have profitability -- a profitable business model that's only continuing to grow. i like what fig stands for i think that purpose delivers profit stho a, great th

so i was doing that in a host of stocks everything from jpmorgan to lululemon to i think bank of new york i can't remember all the banks i did that with, mel, but that just seemed like a prudent thing to do. if vol gets high enough, and i don't think we're going to see too many days where we see joe manchin shutting down build back better, where we see davos being canceled and omicron cases exploding in new york and other parts of the country all at the same time. i don't think we're going to see too many more days like this so if we get that significant pop in volatility, melissa, i'd be willing to get right back into these stocks then sell those higher valued pumped up options against them but that just wasn't the case for the last three or four trading days it's been too cheap in my opinion given what the headwinds were >> steve, i want to bring you in and ask you whether or not you think or put much credence to this call, that we could see a bottom this week joe is giving us the lowdown on being where you are in the risk spectrum, which is very important when making personal inve

owners have been on edge in the bay area after organize mass retail that made national headlines the lululemon was among multiple businesses that were hit by these last month. >> san jose police say a group people went inside the store and ran away with merchandise just days before christmas officers patrolled the area, but shoppers didn't seem to worry. and we're concerned about something else. oh, my goodness. we're trying to go around right now. and it's just trying to find all the parking is been so hard to go do it. we managed to park all the way in the back really it's really difficult to get like 5 parking everything. >> it took a long time to find this morning. >> and if you still have some last-minute shopping to do. stores will be open on christmas eve. the choices may be limited reporting in san jose along. >> 9.42. and coming up next, step curry that it gets to sleep for christmas eve because they've got to play tomorrow and the warriors won. this one will have the highlights after the break. sometimes i see those commercials and i ca. where are they. why don't we have that. guess

sew adding to names like ford and lululemon we've talked about before, we actually really like the financialsere as well. we've seen them pull back recently. it is an opportunity there. it just doesn't have to be the big names that you would think of like a goldman sachs. you could go smaller with regions financial or think a little bit outside of the box like visa or even h&r block. we're using the pullback to add some of these names to the portfolio. charles: i'm looking a vice is a, looking at mastercard, they're down a lot. seals like the fintech revolution might hurt them to some degree. small regional bank have popped. real quick before i shift over to david can the financial rally if interest rates don't go much higher? >> yeah i think they can because a lot of these names, they're not just relying on the yield curve and disparate between the twos and fives and twos and tens. there is more fintech so they have a different component we know will continue to grow with the way consumers are purchasing now. so i think you have some other opportunities for these names to continue to do well

we heard from mirror cutting revenue guidance or lululemon cutting its revenue guidance by mirror downwe heard from beachbody recently and also hearing from many of the gym operators that are showing a bigger comeback then many of us expected. the macro factors are powerful and something so powerful on the macro side, it impacts the largest company to a greater degree >> this reminds me of zoom, though because during the pandemic, they saw the surge in individual customers that are volatile but, still, they were trying to pivot back to enterprise although their 5-9 acquisition didn't end up going through but in a way, isn't that what peloton might have to do selling in gyms and engaging with some of those individuals through there and getting sign ups from the individuals and placing equipment in the gyms and why would that be such a bad thing if they can keep relatively updated peloton equipment in those corporate settings and grow and satisfy the user base that way >> i ink tthink it's part of the process. more of the in-house fitness locations that are already in a few of the precor

laughter ] but they say if you are over 60, not only should you avoid travel, you should also avoid lululemonthat store is not for you anymore. [ laughter ] yesterday, we learned that lebron james of the lakers, seems he tested positive for covid, which is bad news for the lakers. and also the last time kyrie irving gets invited to taco tuesday. [ laughter ] we don't know what variant lebron has or if he even has -- this omicron variant is so new that a lot of people haven't even heard about it. plus, its name is confusing. sounds like a pastry of some ki kind. when it comes to deadly virus variants, omicron is the new kid on the block. so we went out on the street and asked people questions about it, kind of, in a new omicron edition of "lie witness news." >> we are talking about the fact that the lakers just signed omicron. what did you think when you heard about that? >> i thought that was a good deal for th lakers. i think they're going to make a lot of progress in the future. >> who's more dangerous, on omi or lebron james? >> lebron james, we'll see how it goes. i think omicron is going

owners have beon on edge in the bay area after organize mass retail that made national headlines the lululemon store and santana row was among multiple businesses that were hit by these last month. >> san jose police say a group people went inside the store and ran away with merchandise just days before christmas officers patrolled the area, but shoppers didn't seem to worry. and we're concerned about something else. oh, my goodness. we're trying to go around right now. and it's just trying to find all the parking is been so hard to go do it. we managed to go park all the way in the back really it's really difficult to get back find parking and everything. >> it took a long time to 5 this morning. >> and if you still have some last-minute shopping to do. stores will be open on christmas eve. the choices may be limited reporting in san jose along. >> up next. plus and it was police shooting and killing 14 year-old girl inside a clothing store dressing room. what led up to the shooting in how the police department is responding to deadly shooting. and as the country braces for a covid surge. whi

owners have been on edge in the bay area after organize mass retail that made national headlines the lululemon was among multiple businesses that were hit by these last month. >> san jose police say a group people went inside the store and ran away with merchandise just days before christmas officers patrolled the area, but shoppers didn't seem to worry. and we're concerned about something else. oh, my goodness. we're trying to go around right now. and it's just trying to find all the parking is been so hard to go do it. we managed to go park all the way in the back really it's really difficult to get like 5 parking everything. >> took a long time to 5 this morning. >> and if you still have some last-minute shopping to do. stores will be open on christmas eve. the choices may be limited reporting in san jose >> and now kron 4 sports brought to you by xfinity. >> you know that feeling when you asked santa for a really cool gift. but instead you get a lump of coal in your stocking. well, i guess the forty-niners somehow ended up on the naughty list because their pre-christmas matchup in tennesse

with brand strength and stronger direct-to-consumer businesses has several analysts pointing to lululemonrocks anne meyer is the parent of michael kors, jimmy chu and versace. it's reigned in promotions the ceo says it won't revert back to discounts, even if competitors do the dislocation and the supply chain over the past 18-plus months, led to the thrill of the treasure hunt has several analysts looking for opportunity in this space. it's not the previous darling tjx for 2022 rather it's burlington and five below that seems to pop up on a lot of analyst's radar the holiday sales results led to a strong holiday, there is diverging opinions on macy's for 2022 they have the department store as the top pick for the year forecasting it will take share from department store rivals and grow profitably, thanks in part to leader in in omni channel and focusing engaging customers. ups jay sole says macy's will continue to lose share to pure play online and off price players as well as websites leading to lower sales and operating margins. that's the battle for round one. we'll have to white and s

we're going to start with shares of lululemon the company warning new covid variants could impact demandcrushed. after reporting a wider than ecpecked quarterly loss, that stock is down 7.5% and 42% year to date. pel peloton down graded and noting a number of head winds include of out of home fitness. plug your years for my spoiler alert. the new revival show and just like that, which kills off mr. big with a heart attack on his peloton elicited a response from the company can't be helping shares either >> that was actually on in my house last night, morgan and i couldn't watch i couldn't watch mr. big come on. how could they do that to him? yeah all right. inflation rising to 6.8% that is the highest since 1982 putting pressure on the economic recovery and of the course, all eyes continue to be on the fed my eyes, your eyes what do you think? >> where else would you look i mean the november report underscores three important and worrisome parts of the inflation story. it's widespread. the 6.8% headline given to you by the one and only david faber. mark the highest rate of cpi since 82 a

not everybody in the nasdaq is doing well pressure on nvidia, tesla, amd, lululemon.2% after they were technically in correction. down 10% off the recent high dow with a gain of 642 points. ♪ >>> welcome to "closing bell," everyone i'm wilfred frost with sara eisen and mike santoli coming up, a portfolio manager buying stocks amid the covid sell-off last year with his top three picks for 2022 anastasia omarosa is still with us mike, a strong rebound, a broad rebound, and although fractionally off the highs of the day held the bounce. >> we did hold it. i think it's a net positive in terms of the bulls looking for evidence that this was simply another routine pullback with the drop in the s&p over a couple weeks did not really break beyond that most stocks corrected much more deeply than that credit firmed up it is a step at a time you have to point that out if you looked at a 10-day chart of the s&p looks like a down trend. we haven't broken free of that i think it is good news that the downside momentum is halted. seems a tremendous amount of selling swamps over the

some retail and consumer brands are lining up for bankruptcy and nike and lululemon took off the roofthe s&p 500, and helped get powered higher by the big tech companies, the mega cap tech companies. on your list are companies like google, microsoft, facebook -- often times we hear large companies have a hard time pivoting and changing. that can be a dilemma for adapting to the future. we are not having this conversation about ibm. out of the large tech companies stay nimble? >> in the tech sector, being fast and able to branch out into new product services is absolutely key. those who get stuck with a single product will eventually languish. we have seen these horrific stories in the past like nokia and so on. what we observe here in the tech sector is those are the ones that are able to branch out into new business models and are more resilient and future ready during the pandemic. company such as amazon, how the branch out to alternative business models. but you have an nvidia ranking highly. they are the ones that are able to started all from the core business, where there is grap

. >> lululemon, please restock them. >> because of everything going on have you changed your plans atged that much. i mean, i'm in school. so i only get to see them a little bit. >> a lot of my family got covid in the last weeks. my christmas is a little bit cans he would. my immediate family. >> there you have it, david. the amount of online shopping that is supposed to be happening, about $200 billion which would set a record according to experts but a couple things to take away from there real quick. when i was growing up, playstation 2, xbox, those are the big gifts. it might be because of the chip shortages happening overseas you can't find them anywhere. david: right. >> another great gift? you can buy people crypto, bitcoin, ethereum, give them to people. my buddy gave me one, $100 worth of ethereum. merry christmas. david: still one coin is $48,000. i don't think that will be under anybody's tree. gunz, thank you very much, my friend. appreciate it. now this, a "wall street journal" op-ed slamming the philadelphia d.a. after a string of crimes calling it a larry krazner christ

maria: well lululemon warning of slowdown you've got smash-and-grab crimes going on, inflation issue, there is consumer and tech stock that is weak profitability or high valuations without fundamentals to support that yeah there is a lot of conflicting data a lot of concern inflation, how quickly the job market is going to pick up, oil prices, if they pick up again next year, we've seen natural gas prices fall in see how winter plays for consumers if that at prices, yes, thinking, but, at the same time, we can't take today's news and extrapolate that 12 months make investment citizens, past perform is not predictable of the future we have to think about where trends are headed next 12 months hopeful some issues will start to resolve themselves in particularly inflation issues the hot topic today. maria: all right, always great to talk with you michael thanks so much, great analysis as always for michael kantrowitz. >> thank you. >> from cornerstone macro, the disaster at southern border worsens surge migrants drugs narcotics petitioning border cities to the brink pfizer says a fourth

the last day, yesterday at least, lucid was up about up half a percent tesla, gamestop, costco, lululemone on my twitter feed at @thedomino by the way, no one's really talking about the fact that seton hall had a great win against texas as well. >> i didn't even see that. i can't bet on them, but i knew they were playing texas. yeah, seton hall and rutgers, they could beat -- obviously anyone can beat anyone on any given night, that's why it's so d cool rutgers football can win on any given night. but number one, purdue, done you don't see half-court buzzer beaters. >> nothing to take away from rutgers, that was an amazing, amazing game but seton hall is the top favorite texas was six or seven in the country when they beat them last night. they were favorites at home against them good for new jersey basketball. >> totally we move on, which makes me want to continue. it just does. >> i'm going to stop talking now. >> when i hear about it, i think -- maybe that's what's wrong with mandates, don't know. if you tell something, i don't want to do it anyway. >>> the senate passed a bill 52-48.

shopping mall has been the target of several flash mob thefts it's just not worth it grab and go on the lululemone your customers more when the cops say i can't do anything? why would you put up with that if you don't have to? ainsley: one of the stores they stole, you know, one-time, they stole $120,000 worth of merchandise. what if you're a mom and pop? what if you're the celebrity lady that has her one store? that is so much money. imagine just someone walking in and stealing that from you. steve: and so what the retailers are saying is they are saying congress needs to pass this informed law so that the places like ebay and amazon and yahoo and goggle so that when somebody tries to sell the stolen louis vuitton purse you understand exactly who the seller is because a lot of the stuff is stolen and then put online. greg gutfeld last night on this program when he looks at the range of reasons of the crime, he doesn't see the pandemic. he sees something else, watch this. >> yeah, it's the pandemic causing the crime, because when you're forced to wear a mask you might as well rob somebody at gunp