. >>> it's been a pretty rough year for lululemon but the stock is rising after the bell a top analystbe about to break out. >>> and a big price target cut on netflix when we take you inside the market zone, with the dow up almost 300 points when it comes to cybersecurity, the biggest threats don't always strike the biggest targets. so help safeguard your small business with comcast business securityedge™ it's advanced security that continuously scans for threats and helps protect every connected device. the choice is clear. get unbeatable business solutions from the most innovative company. so you can be ready for what's next. get started with a great deal on internet and voice for just $49.99 a month for 24 months with a 2 -year price guarantee. call today. wealth is breaking ground on your biggest project yet. worth is giving the people who build it a solid foundation. wealth is shutting down the office for mike's retirement party. worth is giving the employee who spent half his life with you, the party of a lifetime. ♪ ♪ wealth is watching your business grow. worth is watching your

lululemon laid out some five-year targets. planning to double its men's business, online sales and quadruple international revenue all within the next five years. given this massive plan, this uncertain economic backdrop so we'll be listening for color is it on track to achieve those goals since it announced them and it sells shoes, has a retail platform, a membership as well that it's testing. a lot of initiatives at play again looking for the company to really follow through. >> david, quick take, what do you do with the stock and what about the footwear in particular >> we've seen increased competition. right now i don't think brands matter as much as they did ten years ago. i think the lulu story is about management and excuse and the necessity for continued product demand as lauren mentioned calling for men's division to double and their international business to quadruple by 2026. that takes a lot of execution on the international side which doesn't have as metropolitan br much brand awareness there's a lot of execution

tobe: that's beautiful. >>> back now with the lululemon heist uncovered.ties got a tip about stolen lululemon gear being shipped to an apartment in california from the midwest. after it was delivered, a search revealed more than $200,000 in clothing. the residents claimed they didn't know what was inside the boxes. police are investigating. >>> a mishappen involving a bounce house turned a school celebration into chaos. 14 elementary school kids were injured. one suffered a broken leg. when the inflatable slide overturned, apparently because. uneven weight. one child was catapulted into the air. one witness who didn't want to appear on camera described the scene. >> when i seen that child go from the sky up, he fell to the gate. the bounce house was about five feet away and that's when he landed. he hit hit head. it was horrible. >> in december, five children died in a bounce house in australia. a town in new jersey is considering banning them on public property due to liability concerns. >>> new developments in the search for a new hampshire girl missing

shares of lululemon higher this morning. the company outperforming e expectations on the profit and revenue side the company also raising full year outlook expecting the momentum in the business to continue despite broader economic headwinds including head hot inflation and, of course, supply chain concerns shares are up in the pre-market. joining me now is jessica ramirez at jane hall and associates jessica, this story about lululemon has been ebbing and flowing for a while. the agthleisure trends has been continuing for the pandemic and does it continue >> good morning. with lulu, it is interesting they have been able to continue their momentum and the consumer has been responding to them because they are following what the consumer is interested in. they have talked about going into tennis and golf and hiking collection that is coming up as well i think there are hobbies that the consumer adapted quicker than expected during the pandemic and they kept the activities going a particular consumer despite headwinds, that is n

let's get to lululemon it's going to report results tomorrow tony joins us for the action. >> that'sth earnings, lululemon options traded very active today, nearly three times the average daily volume because of the wreckage we've seen out of retail stocks recently, options prices have been bp subsntially going into the event the options market are currently implying a 9.3% move on this particular earnings event versus the quarter over the past quarters of 5.8%, so nearly double selling 400 contracts of the june 215-360 strangle, collecting about $3.14 this is a strategys lululemon is between 212 and 363 really taking into account the big moves we've seen in retail and trying to bet that we're not going to see that from lululemon tomorrow. >> tony, thank you >>> coming up, all eyes on friday's jobs report and what the data could say about the the data could say about the fed's fight against inflation. it's your future. so you don't lose sight of the big picture, even when you're focused on what's happening right now. and thinkorswim® is right there with you. to help you become a smar

lululemon reporting better ann expected earnings.retty much changed. and another retailer to watch is hr, the company topping earnings estimates, but issuing a weaker than expected full-year revenue, also announcing a $2 billion expansion of the buyback program. >> a little bounce turns to the jobs report the u.s. economy added 390,000 new jobs in may. steve liesman has more >> the economy adding more jobs than economists were expecting in may, but the important read from the report, what it says about inflation, being judged mostly neutral we came in at 390, we were looking for 328. unemployment rate 3.6, we were looking for down, so a bit of a miss there average hourly earnings are 3%, so that's 5.25 year over year. still pretty high year over year on the wage number capital economics says better than expected jobs number address signs that the economy is still strong, but, quote, with wage growth still growing well above rates that are consist president with the fed's 2% inflation target, however, that won't stop the fed continues

reggie: authorities have discovered over $2000 of lululemon items in southern call-up are you.tipped off to three boxes being shipped from ohio to la habra. they excepted them and deliver the boxes themselves. that is when officers found 13 more boxes of stolen items inside the apartment. lululemon says it is the largest amount of stolen goods recovered in the current -- in the company's history. karina: lebron james was wowed by this family cup. the stanley cup stands three feet tall. it is north america america's oldest professional sports trophy dating back to 1893. colorado avalanche and reigning champion's timber bay lightning face-off in day one of the stanley cup final tonight. abc 7 is your home for game one of the stanley cup finals. the cup drops tonight after abc7news at 4:00. an especial addition of abc7news at 8:00. at 9:00, -- will a fortune at 10:00. high schoolers say they are devastated this morning. their claims of graduation discrimination. discrimination. reggie: an for you i wish many things... to see all the world can be. but most of all... i wish you'll n

from lululemon to stella mccartney and adidas, the company is turning heads with what their plant-based leather is capable of. >> it's a phenomenal material. everybody loves their leather, whether it's for their clothes or their car. >> cto is approaching the issue from a scientist's perspective. he says leather is a huge industry to take on. but the fashion world has always embraced innovation. especially the kind that helps fight climate change. >> the fewer cows we grow industrially, the less emissions we're going to have. so this is a huge impact to climate change, for almost all major fashion brands, their biggest contributor to greenhouse gas emissions are from the cows that make their leather. >> in order for consumers to adopt mushroom leather, it needs to be durable, workable, and most importantly, look and feel like the real thing. >> so we were getting really, really close with this material to having something completely looking like leather. >> beatrice is a leather artisan with four decades of experience. and says this keeps with the trend of finding plant-based alternativ

we will be looking out for earnings from lululemon and crowdstrike and okta and rh.day. >>> back to the markets as investors kickoff the month on a sour note. in a note to clients yesterday, jpmorgan chase analyst says the s&p will end the year unchanged as investors quote absorbed an priced in aggressive policy changes from the federal reserve. adding we remain positive on risky assets due to near record low positioning and bear sentiment and our view there will be no ression given support from u.s. consumers and global post-covid reopening and china stimulus and recovery. the comments come in the face of the comments from his ceo jamie dimon. that investors should brace for an economic hurricane. joining me on this debate is victoria fernandez at global investments. victoria, who has it right jamie dimon or marko >> dom, look, i never want to go against jamie dimon when it comes to these things, but marko -- we're more in his camp than jamie dimon at this point you talked about the uncertainty in regards to the fed path will we get a soft landing or what do earning

we are already seeing businesses that depend on petroleum products -- lisa lululemon say they were raisingroducts because they are made from petroleum and petroleum -- so it is not just relying on energy, but every system that uses oil products. tom: thank you for that brief on oil. lisa, good news, the price of tanning has been rocksolid. on the inflation report this morning, i am sorry. i have to go topline because a gallon of gas and rent, homeownership, higher mortgage rate, title and, topline. >> especially because it could crimp demand and is already on the margins. we are hearing about that for other goods because disposable income, if you take out rent and oil and gas, starts to look smaller and smaller. there was an economist at the university of california at berkeley who calculated in the short-term a 10% rise in gas prices leads to a 2% to 3% decline in consumption. at what point do we start to see an acceleration in people deciding certain travel time? tom: it is going to be interesting to see. coming up on a new our -- conversation on inflation. its ramifications on the ameri

i just don't >>> rh and lululemon we'll bring you the numbers next >>> summer may be kicking off, is a crypto winter officially here the cuts they are making as investors brace for the cold we are back in two wanna help kids get their homework done? well, an internet connection's a good start. but kids also need computers. and sometimes the hardest thing about homework is finding a place to do it. so why not hook community centers up with wifi? for kids like us, and all the amazing things we're gonna learn. through projectup, comcast is committing $1 billion so millions more students can continue to get the tools they need to build a future of unlimited possibilities. >>> welcome back to "fast money" we have back-to-back earnings alerts in the retail space starting with rh lows after a big >> seller quarter for rh gary friedman cautioned, we have experienced softening demand trains which began at the time of the russian invasion of ukraine and further slowed over the past several months. the ceo also pointing that even though others are discounting goods, rh is not promoting or offer

what's the terminal rate going to ultimately be be respectful of valuation i have lululemon, i have amazon. unfortunately my purchase of amazon was not a good one. it was pretty high back in early april, but i think these are the right types of businesses that you want to own if you want to begin to gradually move towards a growth strategy. >> you know, speaking of the consumer, jenny, i know you're pretty bullish on the consumer we've got a big report on thursday, pce. inflation, a lot of questions about where it's at. will it moderate from here, where do you think the consumer is now >> i'm not bullish on the consumer i'm bullish on the consumer relative to where the expectations are what joe said is important, he said you're unwinding extreme pessimism. i look at this and i say opportunities is in companies, is in individual stocks where there has been extreme pessimism, and it's too much so i think nike's reporting today. i think that could be a really interesting insight. we've added to american eagle. we've added to foot locker i think these are the kinds of stocks you can buy where

we've got lululemon after the bell. this is a company that is just doing a gang buster business and right now, lulu is powering higher at the moment we have a very strong picture ahead of this , so talk to me, sarge, about it's kind of broaching the rim of what you love, which is energy. i mean, look at lulu up $300 a share up 3.5% right now. anything in consumer discretionary or is that just a train wreck waiting to happen as you see it? >> the only name i'm playing right now and that space is costco. i had a nice runoff it recently, i've taken profits off the table but i'm maintaining a long in that name. i think they are the best-run name in the space. now that's not the high end names you're speaking about like l.ulu. they always hit the ball out of the park. it's such a well-run company but i'm not in touch with that level of consumer. i'm more the meat and potatoes guy. liz: i actually was a lulu fan, now i'm an alo yoga fan. they aren't public yet. >> look at you. >> there you go. liz: [laughter] exactly, and i d

energy is very much at the forefront of everything that is propelling stocks higher just yesterday lululemon said 75% of our products are leggings come from petroleum products because of lycra, but talk to me right now, and our viewers about what is going on here as we see there are companies that are benefit ing from this like exxon-mobile which popped back up above $100 a share. >> you know, i love exxon-mobile, liz and i just have to say finally, finally! its been a long road for exxon-mobile but they're back, make no mistake about it. exxon-mobile, its profitability is great. i like chevron, but you're right the increase in petroleum products, listen a few years ago these companies took petroleum products for granted, right? they were all on the green energy movement, we're not worried about that old fuel, but this is a reminder that fossil fuels plays a part, a much deeper part in the economy. we're not just talking about transportation and eating and all that stuff. we're talking about production, manufacturing, across-the-board and to think that it doesn't have an impact on inflation

changes, you're better off being a five below or dollar tree or ulta cosmetics or marshals instead of lululemonumers make in these times and there's no question if we run into a recession there will be tenants that leave shopping centers. the real issue is are there going to be other tenants that want to backfill, and at this point there's so little construction in the subsector i do expect the demand is just going to out pace supply. i think we're going to run out of space in the next 90 days and that hasn't happened in my career, ever. liz: okay that's a headline. really? you're going to run out of space you're able to lease to people? what would you say, this is a real dream but if you had jay powell's ear, because there is a 90% chance we will see a 75 basis point hike july 27, at the next meeting. real estate is very sensitive, obviously, to interest rates. what would you say to him? >> yeah. well, i'm not sure i would have that chance, but the reality is real estate fundamentals, the operations are doing very well and when i say run out of space i mean to a stabilized number. there's alwa

stuart: i can see it, yup, lululemon, great company. >> you haven't bought into the spandex?ll we picture that. stuart: don't. kohl's, change the subject. have they found anybody to buy them yet? >> yes, so the wall street journal reporting the retailer has received numerous takeover bids talking about private equity group here sycamore, also retail holding company, franchise group so the bid here is that sycamore is looking, well they are valuing kohl's in the mid-50s that's pretty good upside premium there , and franchise group is offering $60 so that's roughly 50% more than what they're currently trading at so we know kohl's has been on the market, lagging other retailers and we know that there's been active investors pushing for a sale. stuart: no sale just yet. >> not yet but a premium of 50% in this type of market? stuart: yeah, how about the airlines. >> numerous. stuart: all down. >> i'm surprised because remember when delta raised their guidance for travel and we saw this big pop in the stock, we had american doing that this morning as well talking about a recovery i

they include levi's, dick's sporting goods, lululemon, lyft, bloomberg, permanente medical group andemployers back in their districts or home states? >> look, i think we need the broadest coalition possible, and that needs to include law enforcement and first responders and educators and, yes, business leaders. i mean, that is a lever we've been pulling through moms demand action since we started ten years ago. getting companies either to change their policies or to join our coalition and support gun safety legislation. and they do make a difference. they are considered leaders. and again, this is just one more part of the coalition to send the message that gun safety legislation isn't just good policy. it's good politics. and we need lawmakers to feel that if they don't act, there will be consequences. and business leaders need to hold these lawmakers accountable as well. >> it is one of the most inverted issues in terms of public opinion. shannon has said, and shannon has almost single-handedly changed the language that i use and a lot of people use. it is a fight for gun safety le

before the bell lululemon posted better than expected earnings raised its forecast for the year.rdware reports better than expected profit in sales for the latest quarter. the retailers have been doing well. but tesla stock down about 9% after reports that elon musk plans to cut jobs amid concerns about the economy, and he is not the only one concerned about the economy as we take a live look. the dow jones down one full percentage 10.359 points. the nasdaq just dipped back below 12,000 now at 9 11,094 down almost 2.5 a little more than 2.5% and the s and p 541. oh, five down. almost 2% electric cars are in high demand , and ford's president says customers should expect prices to decrease a bit in the next few years. better technology. lower battery costs combined with more plants and increased production will improve the market by 2030. forward announced a goal of making two million electric cars by 2026, the aerospace flight company, created by jeff bas osas is scheduled to make another launch at six o'clock tomorrow morning pacific time it will take place in western texas righ

we are watching shares of lululemon. that's what we gave away in the tease.anks to double digit growth on line and in the men's division lulu raised outlook for the year with the supply chain issues the ceo calvin mcdonald said consumers have not stopped buying. >> this bucks the trend of a lot of retail apparel. people were looking for fancy things to wear out on the town this is still that workout phase that tells you if you have the right stuff. if you have it, people will come >> the stretchy phase. >> yes >> and based on the national numbers we have learned during the pandemic of bodies -- >> sizes >> evolutions. >> the covid-19 bounce. >> a lot of people i sat next to the guy that owns josef abboud sales are off the charts with the weddings >> all of the things that c can canceled. >> running at record pace or on track to match the records set last year because so many things were canceled and put off. >> i went 5 for 5 in predictions last year. 5 for 5. i'll send it out one prediction this year is a baby boom. i may be a little early with all of the we

lululemon are they up or down?ut they see room for international improvement and expansion of their men's department. stuart: jetblue, and frontier, what's the story? lauren: jetblue has now sweeten ed their bid, for spirit ahead of spirit shareholders voting on this merger, voting with frontier, jetblue raised cash offer to 31.50 a share and increased the breakup fee to $350 million should the deal fall on anti-trust ground. stuart: all right let's see if it goes through. netanyahu case, the praise of gas now more than double when president biden took office, we are on that, national average today, 4.86. after weeks of lockdown, china is finally pulling back on some covid restrictions. restaurants are back open in one major city, tell you all about that. russia threatening to strike new targets, if the u.s. sends longer range missiles to ukraine we've got a report from kyiv, next. you'll always remember buying your first car. and buying your starter home. or whatever this is. but the things that last a lifetime li

and as we take you live to the opening bell this morning, lululemon is up.both released earnings reports one better than the other. and tesla ceo elon musk says he quote has a super bad feeling about the economy. might not be alone reuters reports. that's what he said in an email to executives and that he may cut 10% of the jobs that tesla you don't hear a ceo usually say super bad. house tesla stock doing today after that, probably been doing, uh, doing all right. but there are some concerns about the economy will have your business news coming up. thank you for joining us here on morning. sun, too. i'm pam cook. happy friday, june the third. i'm frank malika, but we're in a bit of a cool down and rain in june, which is kind of crazy. you know he couldn't get any in january or february, but we had some in october. why not? june not you. all right. we have a lot of cloud cover on the way before it gets here. now this is everything is favoring areas north of the golden gate. versus south not only with the cloud cover but also the potential rain as we get towa