powering possibilities. >>> welcome back to "fast money" we have a buzz kill on lululemon. shares tumbling after the retailer said it expects q4 earnings and sales to come in at the low end tv previous investment the company experiencing major staffing shortages and reduced store hours due to the spread of the omicron variant. karen, what do you make of this? >> well, lulu obviously is a great retailer so if they're having issues, i can't imagine that others won't as well. if they're going to miss because of that, they actually -- it might be a little worse than it seems because lulu has an excellent online business. so to the extent that they can do online sales when they can't do in-store sales, that would help lulu versus a company that doesn't have the great online presence that they do. so this may be a lot worse for other retailers. and really bad for restaurants now, i don't know if the market is going to give a free pass, an omicron free pass for not having utilization for stores and for restaurants, i'm not sure but then i look at how far lulu is down, and it is st

in lululemon stores yesterday, that's what they were blaming, staffing around some of the stores, notrily consumer weakness >> right and i thought that was really interesting. lulu is good at online, so we thought all right that could be a ballast for them to guide to the low end, they must have some trouble in the retail stores. so that is going to be a problem for a lot of retailers that rely so heavily on that my biggest retail position is in target that i hope will be given what they were able to do while during the pandemic to become an ecommerce busy as well they had already started that before the pandemic hit. but that accelerated it. to me target is my biggest retail position. i like it, it is a below market multiple it's relevant situated walmart is well, it's more expensive. that's kind of where i have most of my ecommerce. i wonder, though, if china lockdown is a little bit of a headwind for luxury there? so that's something to worry about. but i still like target. probably with pete on this one >> pete, i was going to say, pete, are you still a target lover, too >> i am.

. >> nike is lululemon saying. just don't do it. the sports apparel giant claims that lululemon isn't fringing on its patent over its at home near a fitness device and related mobile apps. >> nike says it holds a number of other fitness equipment, patents that lululemon is infringing on by selling that mirror, according to the lululemon people. the patents in question are overly broad and invalid and says it will make its case in court. >> coming up next, pleasanton city leaders are ordering parklets to be removed in that city. why restaurant owners say the demand came at a bad time and why prosecutors and attorneys want the trial of the 3 former minneapolis officers charged in the death of george floyd postponed. >> the suspected oxford high school shooter and his parents appeared before a judge today in michigan, prosecutors restaurant owners in pleasanton had to dismantle parklets for outdoor dining. the city is requiring all downtown businesses to remove the outdoor set up so that crews could clean the streets in trim the trees.

we talked a lot about lululemon, nike, two companies that have shown if you have not just good producthat sort of brand recognition and loyalty, you can sort of premium price your goods here. rhoback is relatively new. what type of relationship have you built up right now in the zeitgeist with consumers to make that brand a little better known? kevin: absolutely. for us, superior product is number one. you will not build a brand around a product that people will not want to return to where again, but we have been lucky to build a super loyal returning customer base. a lot of that has been in some of the recent changes, we have the largest clothing company program with college athletes, so that has been one thing we have done to grow a super loyal and growing community, but, really, just embracing your community, speaking to them, being honest about prices and supply chain issues, but really, that is what it comes down to and focusing on superior marketing and building a community and not just selling a product. romaine: quickly, the name, there is a dog in your logo, is that a ridge ba

>> nike is suing saying just don't do it to lululemon. the sports apparel giant claiming patent infringement over it at home ear or fitness device and related mobile apps. nike says it holds a number of other fitness equipment paton's that lululemon is infringing upon by selling the mirror. according to lemon, the patents in question are overly broad and invalid and say it will make its case in court. well, it appears men have a slight confidence problem when it comes to their looks. new study finds that most men rate themselves. >> just a little above average, the poll surveyed more than 1000 guys in the u.s. and the uk. it found that men rated their attractiveness. 5.9 on a scale of one to 10. overall, just 42% of men are happy. they say with the way they look at that number declined says men age with just 36% of guys. saying there happy an attractive between the ages of 46 in 55. so take that for what it the biggest issue guys say they face is wait. the car producer had fun putting that video together. that's still ahead on kron. 4 new

nike is suing lululemon over its home gym and at. -- app. lululemon bought it for $500 million.c restrictions force more people to work out at home. rishaad: heading for the chinese lunch break. the japanese reopen after their lunch break. this is down about 1%. consumer staples and tech are the worst performers. just right now seeing the hong kong session tumbling after that nine month high. it is down another 20%. looking also at these companies in the u.s.. tech companies in particular. on the dragon index in new york. it is being felt in this part of the world. haslinda: in the broader market it is losses pretty much also. sending shivers down investors spines. rate hikes in australia, japan. they are all down by more than 5%. we are coming back very shortly. keep it here with us. 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 lin

ate letta is smaller than lululemon and we didn't know, really, the financial details of a athleta.e don't have a full history to really compare to it lululemon but it is gaining traction when it comes to the price point, i would still call it pretty elevated. it's relatively premium priced sort of yoga and athletic wear. >> right. >> but perhaps a bit lower than lululemon. it was a company that gap actually bought, initially preexisting and then gap has grown it with both stores and its online presence. >> kourtney, thank you investment jeff, thank you. great to see you, jeff >> fantastic, we appreciate it. >>> alrighty, a news alert from the faa on the 5g rollout. fill lebeau has night the faa announcing minutes ago that it continues to work plane by plane, fleet by fleet with all the airlines and cargo operators in terms of figuring out what planes can land relative to different airports with 5g signals being in the air what they have come up with is that 78% of the approximately 7,000 commercial airplanes in the united states are going to be able to land. the altimeters will lik

wonderful name worth highlighting is lululemon. after a strong holiday, the company says omicron is severely imctg ospainthe sales. the details are next it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪ (inspiring music) - [narrator] at southern new hampshire university, you can reach your goals faster. that's because you can transfer in up to 90 credits towards your online degree. - i was able to cut my time in half. - [narrator] apply free at snhu.edu make fitness routine with pure protein. high protein. low sugar. tastes great! high protein. low sugar. so good. high protein.

this is the cloud that we confront in the here and the now that has companies, lululemon saying thathey have issues with labor and wage inflation. is not something you can give us a tell on in terms of the data you are saying in this instance? >> we have looked to see omicron in our data, i think it is too early to tell. i do suspect based on what was done in the past that we are learning to live with it more effectively. with each successive wave of the pandemic combo have done a little bit better in terms of not getting knocked down as far. i would imagine with omicron we will recover more quickly than we do with delta. my guess is that we are going to see a play out in the gin where he data that comes out in a month -- january data comes out in a month. in our data, we are not seeing it. it is not showing a huge downturn. caroline: i want to get your thoughts on the data that we got out of the labor turnover survey. a record amount of americans leaving their jobs. romaine: some people say it is a bad thing, what is your general read on it? >> i think a flexible labor market is a h

nike following a lawsuit against lululemon, alleging patent infringement over the mirror home gym ande of its mobile apps we've reached out to both companies. i haven't heard back from them lululemon bought mirror during the height of the pandemic july 2020 nike is alleging that it went to lululemon, complained about the infringement, and has been dismissed by lululemon, therefore, it is suing the company for triple damages wilfred, i'll let you know if i learn anything else. >> it's interesting because i didn't even know they had a product like mirror. so, i mean, i was glancing through some of the details there. it's a long document to read but you wouldn't have thought this was one of the areas that the two companies were most likely to clash on you would have thought it would've been technology in their shoes or sweat-resistant fabrics or something like that >> well, it's not exactly that they have an exact mirror competitor, but some of the digital technology that i think lulu is using in mirror and to build out from mirror, nike is going after claiming it infringes a lot of pate

perhaps the better question and the better suitor could be a nike or a lululemon, right unlike an apple doesn't really have tight control in the same way of their supply chains we know that lululemon is interested in this space they bought mirror is it done there could peloton be part of a more complete offering? perhaps those are better names to look at >> yeah, i think almost any of those companies that wants a presence in your home and a deep recurring revenue stream has good reason to look at peloton i think the real question is can peloton turn that recurring revenue stream into growth to do that they have to get away from the idea that all they sell is a 1,500 bike. they have to get into other devices to make that, to make that subscription more valuable to existing customers who are all die hards. not like people stop loving their pelotons you have to grow the base by making the onramp to that subscription revenue easier and peloton totally misjudged the pandemic and thought what people want are $1,500 bicycles >> it's tough to have a lot of inventory of something that big, that

nike is suing lululemon.says they infringe on patents as far back as 1983, it's vonnie: this is "daybreak: asia." i am vonnie quinn with the first word headlines. federal officials say a strengthening economy and higher inflation could later earlier interest rate increases. after the meeting, the fomc and it would accelerate the fed board buying program. the new schedule puts the fed on track to conclude purchases in march. authorities are keeping tabs on investors buying large amounts of foreign currency as they try to contain the lira's slide. the turkish central bank has requested to be informed of any purchases. the leader has weakened 20% against the leader in the past two weeks. hong kong is tightening virus restrictions. the city will ban indoor dining after 6:00 p.m., close venues including bars and gyms, and cancel large-scale events. flight from eight countries including the u.s., u.k., australia, and india will be banned for two weeks. . hong kong reported its first untraceable omicron case this we

it's easier for me to high a yoga instructor to come in >> there's lululemon there some comments from the ceo and not being helped by this downgrade of nike. nike has just been a pinata. it was a surprise to the upside. my god, that's a really bad charts there's a lot of really bad charts, which begs the question, where is it time to consider >> you love this joke. it goes back months, right our zynga jokes. >> is it too early months, it goes back years carl. >> i think zelnick changed the whole narrative. >> we used to talk about -- it was right, about was it too early. >> but if you like that farmville? >> i don't play farmville. >> they just play candy crush. >> candy crush is owned by microsoft? >> no. >> my wife is watching the "mayor of kingstown" and a lot of people multitask. >> i've watched it i'm not watching the kingtown. is that on paramount -- >> paramount plus. >> the name you wanted to own this year was discovery. it's not because of -- >> how about viacom today. >> jessica reef got involved last week. >> i call her that -- >> let's get to the take-two deal, guys 9.86 a

$122,000 worth of stolen merchandise was recovered from more than a dozen retail stores, including lululemon nordstrom. the oakland police department says it's committed to addressing the rise in violent crimes in the city, according to year end data, the department investigated 134 homicides in 2021. that's the most since 2000 and 12. oakland also experienced a 21% increase in shootings. the department added six investigators to its homicide section to help solve more cases. this year, 60 homicide suspects were arrested. well comments made by the president of china now causing concern here in the us as lucas tomlinson, fox news explains. the chinese leader made it very clear that he expects his country to lead the world. unless than 30 years. speaking from a shopping mall in beijing on new year's eve, china's communist leaders, jinping says his country is well on its way to becoming the global leader by 2049. the 1/100 anniversary of the people's republic of china. he also made this dubious claim about taiwan conflict. reunification of our motherland is an aspiration shared by the people on

with lululemon, this is a story, after this point, when you pull the stock back, this is going to do,5 a share, depending on who you ask i think you've gotten to a place where you've had major corrections. i think the biggest issues to me are on margins what are they doing with labor and inco.s. >> very interesting, you see the costs all rolling over there, and coming down rather significantly. let's take a quick break when we come back, the new kid on the banking block, what the latest news is from sofi what it means for the way you handle your money and the fintech stock. more on that when "fast money" returns in two throughout history i've observed markets shaped by the intentional and unforeseeable. for investors who can navigate this landscape, leveraging gold, a strategic and sustainable asset... the path is gilded with the potential for rich returns. cody! hi!! hi! how are you? i'm good! i'm crocheting. i see that. started off as a hobby. kind of snowballed from there. and alex, i don't want to stop. well, i don't see why you should have to. let's set you up with a side gig sav

that stuff is over you heard companies like lululemon talking about they couldn't sell stuff. they couldn't meet demand because they had no people and they had to shorten hours. i think for lulu, that's legitimate if you were in the mall and looked at lines of 40 people just standing around trying to buy something. for some of these names, there's a buying opportunity i think lulu is one of them. >> we heard so much about the massive buying of gift cards over the holidays, that's good, that money will eventually get spent, but you have to go to a store. you can buy online if you go to the stores, the stores are messy, nobody is there, or 20 people in line. are there companies or stores or retailer ther ers that are ablet people who is on your nice list >> there's a lot of companies this year using buy a gift card during december and we'll give you a gift card for 20 bucks, get you back into the store in january. so aeo is doing that they had a positive preannouncement the other day. abercrombie & fitch couldn't sell to where demand was, and what i saw in stores, that is legiti

if you must know, i entered an instagram contest, and i am the lucky winner of a year's supply of lululemong number. >> stephen: a year's supply? how many is that? >> one. ( laughter ) >> stephen: eliana, i think you might be one of the young people falling for these new scams. >> don't worry, steve. i checked it out with my boyfriend, and he says it's cool. his name is john smith. we're totally in love. isn't he so handsome? ( laughter ) i mean... >> stephen: john smith. john smith, okay. have you ever met john in person? >> no. it's a long-distance relationship. >> stephen: elaina, i don't know how to tell you. that's a stock photo. it still has the watermark on it. >> um, yeah. he's a model. he just did a super-prestigious ad campaign where he's hanging out with his diverse colleagues in a boardroom. >> stephen: i'm very happy for you. eliana, do you have any actual tips people can use? >> okay, yes. if gen zs want to stay safe online, they should invest in this new amazing cryptocurrency token called colbert-coin, inspired by the hit cbs show, "the late show with stephen colbert." >> st

roughly a dozen stocks crowdstrike, the biggest drop down 41% lululemon down 32% netflix very big brande and nvidia around 25 to 27%. a reason why some traders are looking at the names is because they have been some of the momentum plays in the last several months or years at this stage so if there's a deeper pullback sometimes you wonder who goes on the investor shopping list. those might be some of the names that could go on shopping lists because they have big brand name exposure for traders >> absolutely. we look to the semis which are the a bellwether often >> and to that point if you look at the nasdaq 100 which is tilted more towards technology and the s&p 500 some of the biggest losers just in today's session and echos the trends are the semiconductor stocks >> all right thank you very much. thank you, everybody, for joining us for this hour of "power lunch." i'll see you tomorrow. >> "closing bell" starts right now. >>> welcome to "closing bell." i'm wilfred frost. a short trading week off to a painful start. the nasdaq down 1.8% heading into the final hour of trade. >> dow dow

companies like lululemon do well because they're perceived as better. the 1990's better a t-shirt. and apple is considered the more elite than say a google android operating system. >>so they'd like you to believe still home from my google phone. thank you very much as always, rob. and if you have a question for rob that you'd like him to talk about a topic that you'd like him to pick apart for you. let him know facebook, twitter. those are his handles. you can e-mail him directly and will visit with rob once again. >>you're watching kron on will have more news after the break. >>for your money today, you may have a harder time finding cold and cough medicine. and where does california rank when it comes to raising a family? jane king is in new york with those stories and more. >>a lot race, california. 24 th-best say to to raise a family now says golden state has tons of things for families to do that did lose some ground in affordability. in fact, california ranked 50th for affordable housing on this list and among the highest child care costs as well. massachusetts, by the way,

lululemon coming out yesterday with earnings and going on the low-end of their forecast because of theptions due to omicron and the supply chains from china. we expect to see that from other retailers. how much does china have to give in, especially if they have people coming into their borders for olympics. how will they control this? if it is so difficult and transmissible, they will not give up this year. jon: i sense many foreign people are not going into the country for the winter olympics. lisa: the athletes, someone can develop an infection hours later after a test, they become more vulnerable, especially without the herd immunity. jon: it makes you question around supply chain issues easing soon. tom: annmarie just emailed in and i think she is scheduled to come up. the g is in the correct spot. jon: you are busy playing that still? tom: i am. jon: have you managed to nail it down? tom: no, i haven't -- jon: they actually made the banner for you, lisa. tom: what can i say, the g is in the correct spot. jon: i'm letting it slide. from new york city this morning, good morning. th

one name stuck out to me, lululemon.ver the years, it took the ninth spot. employees like the great benefits, health care, investment options, and money to work out each month. i had a look at other countries and the list of the best places to work in other countries. in france interestingly, a few american companies make the top ten, salesforce, microsoft, and once again, bane & company. >> maybe msnbc will make the list next year. >>> next, a republican congressman compares the vaccine mandates to the holocaust. aisle discuss that despicable compare suggestion next on "way too early." s that despicable compare suggestion next on "way compare suggestion next on "way too early. [music: “you can get it if really want” by jimmy cliff] plaque psoriasis, the tightness, stinging... ...the pain. emerge tremfyant®. with tremfya®, adults with moderate to severe plaque psoriasis... ...can uncover clearer skin and improve symptoms at 16 weeks. serious allergic reactions may occur. tremfya® may increase your risk of infections and

of some analyst expectations they also cut it a bit due to concerns about covid 6% down side for lululemonme slowing movement over the last several months here then, as we often do here. a check on the most popularity ec maybe no surprise, the meme stocks front and center. gamestop was near the top of the li list tes tesla, and then media stocks continue to get decent attention hear comcast, the rest of the top ten are on my twitter fe feed, @thedomino >> it's a little complicated if you're looking at the two share prices, and trying to figure out why the pressure. >> this is an interesting structure for a deal of the money they're offering, o.ey're saying $9.86, it's $3.50 it wasn't the percentage of the shares they were talking about $6.36, which means they'll put up more shares as the stock goes down. i do think they have a collar that a symmetrical collar, with a share price, so that may explain just some of the complicating factors. >> basically they're kind of locking in a certain range for this deal to happen. they will have to issue more shares, but anytime you do see some of these

i do think, you know, look at a lululemon with a 20 rsi, nike with 20 rsi, again, these are relativetrength indicators it just means that things are oversold they can be quickly -- that can change very quickly. but i will point out that there's been a dramatic move here and i don't expect the sky to come falling tomorrow >> that's a good news. some comfort there, that deep breath moment as you said. let's move on. your next guest sees more pain ahead for tech stocks. dan, you just heard our commentary let's take a deep breath, everybody, and let's do that we're only back to three-month lows we're still triple where we were five or six years ago. what do you see as the main risks to this market right now >> yeah, first of all, brian, i think i've been nodding my head like the whole segment so far. i agree with a lot of the comments being made. just to be clear, we'll get into the risks, i think tech is a risk but we've had such a tremendous move, a lot of this has been driven by the move faster in rates. we've seen this movie before these things don't go in straight lines i wouldn't b

. >> lululemon moving past omicron fears as consumer traffic returns to the brick-and-mortar stores. "countdown" closer, bullish on the stock. he says we'll keep the portfolio in good shape. we need that because we're sweating the month of january out. we are joining right now from for the pit capital group, portfolio manager carlos henderson. tell me why you love lulu here? >> thanks for having me back on the show. lulu fell from a high of 485 just two months ago. looks attractive at these levels. omicron was a big factor for them closing many of their stores right around december the peak of holiday season. vietnam is volatile for them. they did about 30% of their materials. however we see the supply chain disruption subdueing. if you look lulu compared to other fitness apparel companies, less promotional. don't need as big of a discount to move inventory off the shelves. lastly what i would mention they love their international expansion and growth segment which helped them reach 2023 sales growth as they alluded to in the last earnings call. liz: they have the mirror. that is an

companies like lululemon do well because they're perceived as better than nike. nike is better a t-shirt. and apple's considered the more elite than say a google android operating system. >> so they'd like you to believe still hold firm to my google phone. thank you very much as always, rob. and if you have a question for rob that you'd like him to talk about a topic that you'd like him to pick apart for you. let him know facebook, twitter. those are his handles. you can e-mail him directly and will visit with rob once again tomorrow morning. we'll be right back. well, californians who need health care coverage listen up. open enrollment for covered. california is open through january 31st. experts say with covid cases surging, it's really important to make sure that you do have health insurance because while vaccines are free, a state hospitals not. >> i think we've seen so much over the last couple of years. how important it is to get health insurance to manage our kind of conditions that we have. those 4 just in case something unexpected happens like an accide

casino stocks goldman sachs among those e expeex expecting four fed rate 00 hikes and july start >>> lululemon lowering guidance for the quarter the company citing the omicron variant for creating capacity constraints and worker shortages. shares are down about 6% today and also down 15% so far this year >>> and tilray shares popping. revenues were still well below forecasts despite these gains, still down 35% since last january. you're now up to date. jon, back to you. >> thank you. >>> major indexes continuing to sell off this morning, nasdaq at a three-month low. high valuation stocks arc stocks particularly hard hit. joining us now to break things down dan niles dan, i mean, it's all playing out the way you expect it would, at least so far in '22 what are you learning from this early action anything in particular that's adding texture to your thesis? >> well, i think the big thing was on friday when you had the 3.9% unemployment figure hit and if you compare that to history, the 70-year average is 5.8 and this is in the bottom 5%, i think, of all readings you had. so it's kind of funny, qu

they're crafting this very tight relationship with their customers, a la lululemon, but at the same timey're being sold in high-end department stores like nordstrom. again, new position. don't have a lot of it i'm not an expert. i'm learning about it as i go, and if the market pulls back i will add to this one, as well. >> okay. now you did sell something they believe at the time you bought it you said you may not be in it for all that long. i can't remember the exact language you used and i'm not sure it was for a trade and you would potentially be in it for a long time. it's coinbase. you've sold coinbase, right. >> this is a lot of josh brown in this segment. thank god weiss isn't here he'd be triggered. [ laughter ] you know it's true i got stopped out of coini was wrong. when i bought it i have no valuation support here and i said i'm buying it for a trade and i'm not willing to let this thing get out of hand. 10% stop loss i got hit and you're not going to be 10 to 10. it's unrealistic to think that you have to have some kind of risk management and coin did not work out for me. i s

just think, like, lululemon on steroids. narrator: to investors, she claims outrageous profits...nning a $20 million scam... you don't steal $20 million without having a certain amount of charm. she was spending millions upon millions of dollars on expenses that exclusively benefited herself.

nike is suing lululemon for infringing on its patents. the sports apparel giant claims the patent infringement is over. it's at home mirror fitness device and related mobile apps. nike says it holds a number of other fitness equipment, patents that lulu lemon is now infringing on by selling the mirror. but lululemon says the patents in question are overly broad and invalid says they will be making their case in court today. >> all right. want to fall to get things started here, but we'll see temperatures soar into the 50's by this afternoon. a little scattered clouds to talk about as well. look at forecast for the weekend. we come back kron 4 morning news continues. my daughter has type 2 diabetes and lately i've seen this change in her. once-weekly trulicity is proven to help lower a1c. it lowers blood sugar from the first dose. and you could lose up to ten pounds. trulicity is for type 2 diabetes. it isn't for people with type 1 diabetes. it's not approved for use in children. don't take trulicity if you're allergic to it, you or your f

he went to tufts >> dollar tree, lululemon, zoom video.is next hour on "techcheck." we'll be right back. stay with us how not to be a hero: because that's the last thing they need you to be. you don't have to save the day. you just have to navigate the world so that a foster child isn't doing it solo. you just have to stand up for a kid who isn't fluent in bureaucracy, or maybe not in their own emotions. so show up, however you can, for the foster kids who need it most— at helpfosterchildren.com >>> another quick check on the markets. s&p 500 down less than 0.5%. the dow downhr qrt teeuaers of a percent. we're back in two minutes. >>> welcome back senator sanders going after another billionaire that >> senator bernie sanders have not been afraid to start a fight and this time is bernie versing blackrock. he wants blackrock ceo larry fink to step in and stop the protest at the coal mine in alabama. workers have been on strike for almost a year over pay and benefits and blackrock is the company's largest shareholder. >> we have perhaps the l

brandon, thank you for joining us on the deal today take-two down 13.25% shares of lululemon falling company came out this morning warning that q4 revenues coming in at the low end of the range. the ceo saying omicron is largely to blame limited staff availability and reduced operating hours in locations which will weigh on the quarterly results according to the company another giant taking a hit today, nike with a downgrade to hold at hsbc saying the supply chain issues not out of the woods. i think the lulu, shannon, came as more of a surprise not hearing from the retailers on omicron disruptions. we had awe they wantic brands on last week and said no impact seeing a ton of store traffic. so the key for lulu will be if it's not a question about demand and questions about the brand selling as strongly can they rebound quickly from omicron as the health experts expect us to do or is the market squeamish about the brand? what do you do with the stock? >> it was an interesting announcement we haven't been anticipating the downgrades and important to go back and we have been focusing on

ceo joins us now welcome back, andrew your forecast, the adjustment on revenues the same day as lululemon yeah. so i think one thing we are seeing is very strong consumer demand and seeing great traffic, large traffic increases to the stores, to the websites and to wholesale partners we saw strong sellouts lulu commented on difficulty keeping the stores open. our stores are smaller and easier to staff with an easier operational challenge but we are seeing strong demand for the brand, all through the year. 67% growth is a huge number. and as we look forward into '22 we are really excited about both the growth prospects of crocs. 20% growth rate and made an acquisition of hey dude and super excited about excited ab, too. >> the stock reflected everything you talked about up 70% of the last year i guess the question is, how do you run with that momentum you've nailed some of the partnerships and the collaborations with justin bieber and oughts. how do you keep it cool, in other words? white house crocs has gone through waves. >> i think that's the thing. we got to keep it cool been we keep i

lululemon did say that traffic picked up in january what are we going to do?e going to decide what matters is the last four weeks or 2022? >> 2022 is what matters. >> bingo >> yeah, maybe you buy some of these. >> what about williams sonoma? >> i want to see them -- american eagle outfitters has been disappointing they reported good numbers for the second -- they reported a projection that was terrific everybody hates it they hate it why are they hating it now what is that it's a 3% yield. get fired up >> urban, meantime, comp holds at 14 versus prepandemic i guess -- >> that stock is -- >> we'll take it >> i know the stock is down. i think people have gotten a little too negative about retail based on -- 60% of the country has omicron, you're looking at everybody and thinking, maybe that guy is your distributor there's a place next door where there were a big line. just clothes what happened? it reminds me very much of captain trips in the stand 99% of the people got it >> you think steve king is guy who used to be the ceo of -- he's a very famous writer. >>

brands such as lululemon and apple are all in this space and some worry peloton's core product is not about some of these other troubles but have not heard back. savannah >> erin, thank you very much >>> up next, less value in those value meals. a closer look of inflation on your next fast food order as shortages and higher costs take a toll on several popular chains nationwide first, these messages. so he's checking in on that ring fund. oh, that photographer? he's looking for something a little more zen, so he's thinking, “i'll open a yoga studio.” and as for the father of the bride? he's checking to see if he's on track to do this all over again...and again. digital tools so impressive, you just can't stop banking. what would you like the power to do? 7:38 with "in-depth today. ewy bites. fast heartburn relief in every bite. crunchy outside, chewy inside. ♪ tums, tums, tums, tums ♪ tums chewy bites ♪♪ ♪♪ yo you ready? dude i'm in class. you got nothin'! ohhh! ♪♪ ♪♪ is now a good time for a flare-up? enough, crohn's! for adults with moderate to severe crohn's or ulcerative colitis,

go four times i think inflation going to slow significantly because of consumer side look with a lululemonproducts we think consumer case going to be deflation, to be sure already getting financial issue markets, that is why not in anticipation of the fed it is because you already have leading indicators pulling down the global growth, tightening cycle, surge past two years headwinds to growth i think inflation slows significantly, reminds me a little bit of 2011 inflation in eurozone up to 3%, they tight end environment that economy was fragile, they made it actually even worse so i would agree if fed steps in tightens aggressively yes going to make global backdrop worst risk of global recession for 2023, u.s. growth would be weaker than i would otherwise think again we don't think, the fundamental sport aggressive here because of if inflation pulls forward was due to surplus put in place it is gone, you squeeze that low end he consumer they no, no longer the excess catch stimulus payments done, will it -- at a time companies have too many inventories production ends up being cut you will

farmville words with friends, stocks on the move, zynga up 51%, take two down almost 9%, check out lululemons you can see, he retailer says omicron will put a dent in the shopping quarter, it was forced to cut down on staffing store hours during the period forecasting fourth quarter revenue at low end of expectations, between 2.13 billion and 2.17 billion markets this morning lower, we saw pretty good sell-off last 30 minutes or so, dow industrials down in triple he digest incline 116 nasdaq hardest hit as case last week nasdaq down another 196 points right now that is down 1 1/4% as we look to fourth quarter earnings beginning this week, major banks jpmorganan citi group wells report friday as you see stocks mostly higher exception blackrock delta airlines out thursday investors look to see how much at the omicron variant is impacting the airline industry this morning, delta shares down better than 1%, joining me right now center square investment management chief investment strategist scott crow, all morning long liz peek nancy tengler what do you attribute this sell-off in markets this mo

ashley: all right, lululemon, we always call them the yoga pants people this stock down big 8% what'sauren: yeah, they are warning that omicron dented their holiday quarter sales. it wasn't just the fact that they couldn't get all of the product here because of supply chain snags. it's the fact that they actually had to cut back on store hours because they didn't have the staff to show up, to open and close the stores, so that's the problem there, and they say their earnings when they report march 30, are going to come in, ashley, at the low end of guidance. ashley: well that will do it to the stock, and it is. let's take a look at zinga, and take two interactive. apparently take two is buying the gamemaker zinga in a big deal. lauren: $12.7 billion worth, so take two is the parent of the grand theft auto franchise and of course zinga is a mobile game powerhouse so they're coming together, that's why zinga is surging right now and i do want to point out that zinga in the past year the stock is down sharply about 38% so this was well-needed and you have another tie-up in the video game