it's all around lululemon's mirror. but it has a finite life at it is interesting to see the stock bounce all over the place. micron, the biggest u.s. maker of memory chips predicting a wider than expected loss for the fiscal first ending in november. there are signs the memory market may be coming out of the trough. we will go deeper on that later in the program. there is an interesting day two to meant to connect. the meta-developers conference. on a two day basis trade is all over the place. while meta-connect was going on kind of disinterested. the stock closes basically flat wednesday. but, was a significant a higher today. we had a hardware announcement around three and smart glasses. it's about the integration of the research side. large language models. now, generative ai tools into its suite of absent offerings. caroline: let's listen to what mark zuckerberg really articulated about ai the event. >> our view is people will want to interact with a bunch of different ai's for different things you want to do. i th

we're seeing a pop for lululemon. the committee debates the state of the consumer coming up. >>> shares of lululemon hitting highs not seen since last april after the strong second quarter report. boosting guidance on growth in the china business and growth all around. the stock now chicagoing for its sixth straight day of gains. stephanie, i want to start with you. so many analysts very bullish on lululemon but this really stood out to me. the reality here is the brand, lulu, is as strong as it's going to be. the tail wind will be a headwind. china growth could be uneven and lulu isn't nike and never will be. you own nike. what do you make of nike, lululemon and the commentary from jefferies? >> it's rare nike trades at a discount to lululemon and that is the occurrence. this was a phenomenal report, 11 comp, 13 constant currency comp, up 15%, china up 61%. for those of how have heard me say the china consumer is on its way back this is confirmation of that. and i have been on that theme for a long time, pretty much

as part of the deal, peloton will develop digital content for lululemon while lululemon is peloton's athletic partner. lululemon will stop selling mirror, the company they bought for $500 million in 2020. the fate of the mirror remains unclear for now, exactly what's going to happen. they are going to stream some peloton classes on it in the meantime. there's been no disclosure on revenue sharing between the two companies and what each gets in a financial arrangement for this strategic partnership. jeffrey's randall koenig said i don't see much for lululemon. peloton shares moved lululemon down marginally. a much larger company. i think the market cap is $48 billion for lulu. >> you can see who is coming in from a position of strength. >> i think so. >> although, good news for peloton, who has had new management this week, too. >> and obviously they're trying to push their content, that's sort of what they believe is their most powerful asset after stumbling since those pandemic highs. obviously content push for them. >>> we'll dive deeper into the state of the consumer with the holi

alix: before we let you, peloton, lululemon, will lululemon say peloton? ed: this was a surprise.are a lululemon mirror subscriber, $35 a month, a big mirror, you get access to the platonic contents late but we the details in mark gurman's story because that has a finite life. lululemon will discontinue the mirror and telling the hardware by the end of 2023 so the stock market reaction is severe but it is only a small pocket that telecom can -- that peloton can access. everyone that has already bought a lululemon mirror, they will get access to peloton content. it allows proton and lululemon to sell their stuff. guy: it gives them a bit of time. ed: is that american for apparel? spritz. guy: an apparel spritzer. in san francisco, ed ludlow, thank you. this is bloomberg. ♪ the power goes out and we still have wifi to do our homework. and that's a good thing? great in my book! who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up to keep you online.

the best example, lululemon's belt bag. which is like a more adjustable fanny pack. belt bag caught fire for lulu last year and its popularity helped bring in new customers. this time even though the accessories business was up against tough compares the tough was able to grow belt bags double digits with overall accessories up 44%. lots of backpacks and small pouches sold as well in this quarter. i bet the margins are great for that. but if you ask me the most wrim preface aspect of luol lemmon's quarter was the insight into the business from management's commentary about inventory which is remember the most important factor when it comes to retail. remember at the end of last year inventory levels were up more than 50% year over year. that's every retailer's nightmare. nobody wants to be stuck with extra merchandise that needs to be heavily discounted. that's what's been bedevilling with the stock of foot locker for the cnbc investing club. the inventory growth right here at lulu has slowed to 24% by the end of the first quarter. management guided for 20% by the en

. >> and the latest on the investigation after an overnight smash-and-grab at an east bay lululemon. >> but first, a demand for more pedestrian family friendly intersections in san francisco. "the doctor will see you now." but do they really? do they see that crick in your neck? that ache in your heart? will they see that funny little thing that wasn't there last year? a new bounce in your step? the way your retinal scan connects to your blood sugar? at kaiser permanente all of us work together to care for all that is you. >> local groups in san francisco continue to demand action after a 4 year-old girl was hit by a car and killed in an intersection that happened last month at a day walk. san francisco is taking their plea directly to the sfmta. our first nesbitt joins us now live from san francisco with more on the safety measures that they want to rob. members of walk, san francisco have been at the sfmta meeting since it started at 01:00pm. they've been waiting for public comment which just started a few minutes ago. >> that's the time when members of the public can express how d

this is more pimportant for peloton than it is for lululemon.l that accretive to peloton. the question is, is lululemon too expensive in this environment, and i think the answer is question. >>> well, nike is in need of some arch support. shares breaking below 90 bucks, down 23% this year. and with earnings due out after the bell tomorrow, how are you lacing up on the name? how does that chart look to you, katie? >> you know, it's a real downdraft, right? and we've seen a series of short-term breakdowns. there's risk that we see a longer term breakdown, as well. so, i think we want to avoid these downtrends. there's a weak tape behind it, as well. that's not helping. but until you see not just, you know, support discovery, but a momentum shift, i think there's better places to be. >> options traders are betting nike's earnings move could have some real sole. mike khouw has the action. mike? >> nike saw about 1.6 times its average daily call volume today, and we are seeing an implied move of about 6%. that's in line with historical average. the m

well heather, this time it was the lululemon on fourth street in berkeley where a security guard whonessed the burglary early this morning says a car backed into the store crashed through the through the glass. and within minutes, the thieves left the store with loads of clothes. and this is not the only store that was hit this week. they really didn't say much to me. other than don't call the police or they would shoot me. a spooked security guard who wants to remain anonymous says his life was threatened by thieves early monday morning when they hit the lululemon on fourth street in berkeley. i mean, i'm a little shaken up, but i'm not, you know, i'm physically fine. about a mile away. rad power bikes was also hit on monday, just after one in the morning. we had literally just finished getting the glass replaced and we were in the process of getting an additional security film installed. general manager manny ruiz says it's the second time burglars have been successful in the last four weeks at his store , as seen in the security footage. we had about four individuals smashed this

you see here just a fraction of the damage outside of the lululemon. just down the street at apple store, electronics are littered throughout the store temperature is unclear how many businesses were hit. john stanfords these are coordinated attacks. listen. we were able to link some things on social media, there was chatter about certain locations. we are investigating there is possibility a caravan of a number of different vehicles going from location to location. it is possible we had a group making their way through the city. you have followers, people see this and start to come out to it. >> brooke: police say the looting is not connected to earlier protest after charges were dropped against a police officer involved in a fatal shooting last month. this morning police were still responding to looting throughout the city. >> todd: it is clear by now, when you see scenes of looting like this, these are not individuals trying to feed their family, you don't need yoga pants to feed your family. there is enough blame shifting, but these individuals nee

peloton made a deal with lululemon.lulemon will start selling peloton clothing, and lululemon said it will stop selling the mirror at the end of the year. it's a $999 device that displays online fit classes. if you already have a mirror, as far as we can tell, lululemon will continue to provide services to it but will not sign up new customers starting at the end of the year. it's always something to think about when buying an expensive device. amazon, the self driving car division will build a car factory in the east bay according to the san francisco times, and zoox would not confirm that. trump was at the nonunion factory. a lot going on in the world of ai. chatgpt says it will be able to search the open web for answers, and until now chatgpt could only learn from meta until 2021. if you and a friend were chatting about holding a vegetarian dinner party, you could ask the ai to come into the chat and suggest menu ideas. the iphone 15 gets hot when you charge it, so hot some people say they can't charge it and use it

and one storm particular lululemon has seen more than its share of problems. and that includes the store here in berkeley. early tuesday morning. thieves smashed through the front doors of this lululemon along 4th street in berkeley. it's not clear what if anything was taken, but the damage is extensive. >> and this isn't the first time this lululemon has been robbed in july of 2018 thieves who were caught on surveillance video still over $10,000 worth of merchandise. and earlier this year, 2 men were charged with stealing more than $7,000 worth of clothing from the store here along 4th street business owners like william bishop hope that the city will step up patrols in the neighborhood to deter burglaries at businesses and from vehicles, especially during the evening hours. it would be nice to have more police patrolling not so much during the day when people down i think there's enough people. >> but during the nighttime, like you said, they want limit when there's nobody down here every night. and that was a police presence of my time. kind of watching ove

it's not the first time this particular lululemon has been robbed. burglarized in 2018 thieves caught on surveillance video store more than $10,000 worth of merchandise. and earlier this year, 2 men are charged with stealing more than $7,000 in clothing from the store. >> it would be nice to have more police patrolling not so much during the day when people down i think there's enough people. but during the nighttime, like you said, they want limit when there's nobody down here every night. and that was a police presence of my time. kind of watching over the assets when there's nobody down with most vulnerable. >> berkeley says it's investigating the break-in, but so far no suspects have been identified. >> today is national voter registration day data from the u.s. census bureau shows one in 4 americans aren't registered to vote or don't know if they are. the biden administration says americans should observe this day by making sure they're accurately registered. you can do that or check your registration status by visiting vote dot gov. well, the t

the company announcing a partnership with lululemon to promote each other's products. lululemon will stop the mirror to stream workout classes by the end of the year. >> peloton shares up double digits >> as a fan of both, i hope they put it on sale. >> a lot of the guys here wear the pants. i'm not in the category yet. i like to be comfortable silvana, see you later on. >>> a lot more to come on "worldwide exchange," including the one word investors have to know today >>> first, with hispanic heritage month under way, i sit down with one of the ceos pouring money into the u.s. >>> and the big idea series rolls on the stock that my next guest says is the most undervalued company in big tech. >>> and later, delta issues a laa culpa after frequent flyer backsh we have more still ahead when "worldwide exchange" returns stay with us ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. >>> it's really important to

peloton and lululemon entering into a partnership.it all to us. good morning, rebecca. >> good morning. nice to see you all this morning. the health and wellness category is valued at more than $5 trillion world wide. it's expected to reach $9 trillion in the next decade. so you can understand why these two megabrands are doing everything they can to grow inside of it. peloton will develop fitness content for the lululemon exercise app. and in return, lululemon will provide clothing for peloton users. lululemon will stop selling its mirror device which lets customers stream fitness workouts. what's really interesting here is that both companies are leaning in to what they do best. lululemon makes incredibly popular workout clothes. peloton hit a rough patch during the pandemic. after the pandemic. but they zeroed in on content, making great workouts with household names. guys, you can imagine though those household names are going to be wearing lululemon and you're going to be able to buy it right there through the app. >> how is wall

it means that peleton content will be featured on lululemon�*s own app and the athleisure brand willhing. peleton has been seeking new ways to make money after sales of its at home fitness equipment fell sharply after covid era lockdowns came to an end. uk house sellers are discounting their asking prices to get their homes off their market. the property listings website zoopla reports that prices are being discounted by an average of 4.2% per cent, equivalent to £12,000 or $15,000. why's that happening? here's zoopla's research boss, richard donnell. well, housing markets really slowed over the course of this year, and particularly over the summer as mortgage rates went way above 5%, which is more than double where they were a couple of years ago. so that's had a big hit to buying power. so buyers simply can't pay as much as they used to for properties. and that means that sellers who want to sell a move have got to be more realistic on the price. and we've seen sellers reduce asking prices. but buyers still want to negotiate. they're really picky, they're choosy. and so on average,

but now police in berkeley are investigating a robbery at a lululemon store. they say this is not the first time that this has happened. >> kron 4 charles clifford has details and reaction from neighbors. >> early tuesday morning, thieves smashed through the front doors of this lululemon along 4th street in berkeley. it's not clear what if anything was taken, but the damage is extensive. and this isn't the first time this lululemon has been robbed in july of 2018 thieves who were caught on surveillance video still over $10,000 worth of merchandise. and earlier this year, 2 men were charged with stealing more than $7,000 worth of clothing from the store here along 4th street business owners like william bishop hope that the city will step up patrols in the neighborhood to deter burglaries at businesses and from vehicles, especially during the evening hours. it would be nice to have more police patrolling not so much during the day when people down here. i think there's enough people. >> but during the nighttime, like you said, they want limit when there's nobod

peloton will become the exclusive digital fitness content provider for lululemon, and lululemon willmary apparel partner. lulu said it will discontinue sales of the lululemon studio mirror before the end of the year -- yeah, that thing. the mirror was intended to challenge peloton's dominance of the home fitness equipment sector, but with it never really took off, and and l are ulu announced a $443 post-tax impairment charge -- $443 million. peloton zooming higher by about 6.7, lulu up a fraction of a percent. >>> after surging earlier on the announcement ryan cohen will become ceo effective immediately, now gamestop shares are actually losing all of the gains that they had, and the success is down about 1%. the meme stock darling says cohen will, quote, not receive any compensation for his role as president, ceo and chairman can and will continue to engage in various business activities and pursuits outside the company. of course, cohen founded chewy, was the ceo, very successful guy. has taken a stake many gamestop. the video retailer stock is dropping as investors believe that dec

and a car full of thieves comes crashing into an east bay lululemon.ight to crack down on retail theft found the jail used tear gas 17 times last year. at times it was used when trying to get mentally ill inmates to comply and take their medication while the supervisors gave their approval. today, as long as an independent auditor in investigates how state hospitals get people to take their medicine without having to use tear gas, sheriff bob johnson says he understands the seriousness of the deployment of chemical agents. i know this is an important issue and there are concerns about using this type of equipment in our community and in our correctional facilities. there has to be training and there has to be strict protocols and oversight. and the beauty of this county is that we have those things in place to ensure that we're using these thoughtfully, effectively and compassionately. i just want to acknowledge board of supervisors president susan ellenberg also suggested requiring the sheriff to do a better job at documenting the use of tear gas and

you don't need to feed your family with an ipad over lululemon.s is organized crime, these stores cost millions of dollars to build in case of target and walmart over $10 million just up at the store there this is not a small consequence for the community or resellers or anyone within the ten commandments thou shall not steal. maria: before you go that beget your sense of where we are in the macro story consumer spending we are a week and a half from third quarter reported earnings we will see what businesses have to say about what they think about the fourth quarter in 2024. how does the holiday look to you and what you see in terms of consumer spending right now. >> i've known you a long time and you know i'm an optimist, having said that were headed towards a difficult holiday season. when you strip out inflation, retail sales of physical products and things have been negative for 11 straight months. i expect that to continue, people say the consumer is healthy but i don't know what they're talking about they point to the services number. most

lululemon has treated you better as an investor. unfortunately in 2023 nike has lost its technical momentum. i hope they get it back. we're long the stock. on september 28th, i hope steph is right. i hope the fundamental positive outlook she sees in the future, it comes to reality today, but i'm skeptical that will occur and we'll see what we do at the end of october. >> steph, they cite margin headwinds from excessive inventory might persist longer so this is -- seems to be far more than a technical story like the one that joe sort of lays out and, look, to be frank, i'm not sure that nike and lulu are the greatest comparisons and whether it's apples and oranges. to me, it's an easy comparison to make for not so obvious reasons. and i don't necessarily think that it's nike and lulu in the same basket. nike has its own issues. it's a big portion, as you said, from china, which is much weaker than i think people had any idea it would be as we sit here on september 20th of 2023 in the recovery. so i don't know that the nike story gets

as lululemon, it is nike, all liberal stores that support liberal policies.want to defend the police and you have voters who support the policies and consequence, you are going to have a food desert, can't buy clothes, medicine, everybody has fled. where are the parents? why don't we have parents raising good children? you need to have penalties for kids who behave in this behavior. they are laughing and having a blast and joking and filming their crime. they know there is no consequence for their behavior. this is the consequence of liberalism, it does not work temperature is wrought and as soon as voters figure it out, it will change course. >> harris: it is the united states. >> emily: and biden's america right now. house republicans say hunter biden received $250,000 from china back in 2019 and they claim that money was wired directly to joe biden's wilmington home. so much more to come. . have you tried getting a home improvement loan at a bank lately? good luck. some of those rates can be 12 to 15% or higher. our rates are a fraction of what some of tho

. >> also, the damage left behind at east bay lululemon store after early morning burglary and governor newsom was on newsnation talking with chris cuomo. what he had to say about maybe running for president. "the doctor will see you now." but do they really? do they see all that you are? at kaiser permanente all of us work together to care for all that is you. been making the rounds of several national tv networks as if he is running for president. >> this is while he's still insisting publicly that he is not interested, claims he will not challenge president biden for the democratic nomination. he was pressed again on the topic by newsnation's chris cuomo. >> you know, you say you're not running, which is unusual to put a period at. ex-wife, you care. why don't you run a leaving this guy? actually, know why you think joe biden is the highest the democrats can do. and and i hope you can differentiate because ubs meters, one of the best because you've been around this all your life. don't like this guy. deep respect reverence for joe biden as a person, his characters, decency and his ca

peloton's fitness content will be offered to users of the lululemon studio mirror.spacex won its first contact -- contract from the u.s. spaceport to provide customized satellite communication for the military. the star shield service will be provided over spacex existing conservation of starting satellite data into spacex's growing defense portfolio. the pga tour is considering high-profile usa investors to help finance its goal -- deal with saudi back to liv golf. the pga says it had unsolicited interest from investors and is in evaluating opportunities. u.s. lawmakers have been vocal about their opposition to liv golf despite pga assurances the saudi's would only be minority investors in the combined entity. bloomberg has learned the u.s. justice department stepped up investigations into credit suisse and ubs over suspected compliance failures that allowed russian clients to evade sanctions. the doj briefed u.s.-based lawyers at ubs about credit suisse's alleges exposure to sanctions violations. since ubs acquired a small arrival in june. the doj is looking into

i would rather own lululemon where 65% of the revenue is coming from here in the united states. i am acknowledging the position is a lousy one. i think nike has a lot of challenges in front of it, and that's the reality. that's what i am talking about overall. >> okay. weiss? >> i don't think you can compare lulu to nike. lulu works in a niche market with little competition and manages it aggressively in terms of keeping that into a niche market. in terms of nike, nike is much more exposed to the economy, because their product line is so broad. their business, not just recently or regionally is so broad, so those are the issues. if you see -- >> steve, i don't understand -- i don't understand when you say you can't compare the two. no, i just clarified when you said you can't compare the two. >> it's like you can't compare a beer company to a soft drink company. they are both in the same space but with different dynamics that >> right. >> so lulu is in a niche market and it has tremendous loyalty without competition. there's not real substantial competitors, and nike, we are see

lauren: 5-year deal with lululemon where peloton becomes the exclusive digital content provider for lululemoney'll have access to workout classes starting in november. lieu allow lemon, remember years ago they bought -- i had to explain this to you a million times -- they bought the mere -- mirror, it was a fitness coach. it wasn't popular. they discontinued that. and now you see peloton, and that's why they're up so much. they're centering their rebound on partnerships. this time with hulu lemon, not -- lululemon, not as a stand-alone company or strategy. stuart: now show me gamestop. last time i checked, it was way up there. well, it's up 2.5%. they fired their ceo a few months ago. i guess they got a new guy? lauren: yeah, and it's the executive chairman, none other than the billionaire activist investor, ryan cohen. he owns 12% of gamestop, responsible for the surge two years ago when he joined the board: he will take no pay, by the way, as ceo, and investors are cheering that finally there is an executive steering this unprofitable ship after three months of having no one in that positio

. >> a car plows into a lululemon store in berkeley overnight as thieves jump out to steal merchandise morning from witnesses at the scene. >>> plus, an extreme measure. leaders considering a state of emergency to handle the flood of unhoused people living on their streets. we're breaking down their new plan to tackle the crisis. >>> this is "today in the bay." good tuesday morning to you. thanks for starting your day with us. i'm laura garcia. >> i'm marcus washington. let's get a look at the forecast. meteorologist kari hall has been tracking that. sun is starting to come up over san jose. >> yes, and it's a great sunrise. all clear. we're keeping the comfortable temperatures. as we go throughout the morning, we're going to continue to see sunshine, but, yes, you do need a jacket for the start of the day. this afternoon, not so much. take a look at our trend. we're going from upper 50s right now to low 70s at noon, and then as you're making your way home, going into the afternoon and into the evening, we're staying in the 70s today, hitting a high of 77 degrees. one of our warmer spo

broke into the apple store, lululemon, liquor stores and other businesses. police officers arrested some of the looters carrying plastic bags stuffed with items like clothes, sneakers, liquor, iphone and ipads. not everyone seen in the videos on social media were actually taking part in the looting. the rampage came after there was a peaceful protest following a judge's dismissal of murder charges against a philadelphia police officer who fatally shot a man last month. police say that police officer fired in self-defense. officials are saying the rampage was not connected to peaceful protest at city hall but teens saw an opportunity to go out and steal. >> somewhere around 8:00 we start to get multiple calls of certain businesses starting to essentially have their stores broken into or stores ransacked. >> philadelphia's progressive district attorney's office says it does disagree with the dismissal of the charges against the police officer. they wanted charges reinstated. but now there are new charges against members of that teen mob. the massive shopliftin

what do you think about lululemon right here? >> here's the way you look at lululemon. this is the -- people, when lululemon reported everyone said it's too high. i don't want to buy it, it's great. so now it's coming down. what do people say? whoa, it's really scary. hey, it can't be both. you put a little lulu on at 380 and then you put a little on at 370. you want to buy 100 shares? leave room so if it gets to 340 you buy your last 25. that's how you have to think about it. let's go to trey in texas. trey. >> caller: jim, my wife returned from the store today with a crop top rain jacket. given their ability to sell 50% of a product at 200% of the price is target a screaming buy? >> i happen to like brian cornel. i like to shop at target. target yields 3.75%. holy cow. 15 times earnings. you know what? i am not going to fight someone who wants to buy a little target here. i like walmart and i like costco and i like amazon but i will not fight anybody -- 3.75% and 15 times earnings. that is not a fight i want to take on. i want to go to alan in tennessee. alan. >> call

the real idiots, they went to apple and lululemon. some people went to footlocker.tlocker is a hard place to loot. none of the referees did anything? the lady with the machete scares me. of all the knives, machete, if you see someone with one, it is most likely they are going to kill you. if someone has a machete and there is no jungle, run. hatchett and with eddie -- a hatchet and machete. >> i will talk about meatball. i am sad about this. meatballs hold a special place in my heart and i feel like the damage has been done. this is the most idiotic criminal i have ever seen in my life. right now, we will put her on the top tier. she live streamed everything she was doing while breaking laws. it makes no sense. after she got out of jail, she gets back on social media, glorifying her thuggery and countless others are putting her on a pedestal. there is a rapper, meek mill, who is from philly, he is now giving her resources to sell her mug shot murch. so she can pay for bail and lawyers fees. we talk about having a mass incarceration problem but we have a massive unde

it means that peleton content will be featured on lululemon's own app and the athleisure brand will become clothing. peleton has been seeking new ways to make money after sales of its at home fitness equipment fell sharply after covid era lockdowns came to an end. in the uk house sellers are discounting their asking prices to get their homes off their market. the property listings website zoopla reports that prices are being discounted by an average of 4.2%, equivalent to £12,000. why's that happening. here's zoopla's research boss, richard donnell. the housing market has slowed over the housing market has slowed over the course of this year and over the summer as mortgage rates went up to 5%, more than double what they were a couple of years ago so that has hit buying power, so buyers cannot pay as much as they used two properties, and that means that sellers who want to sell have got to be more realistic on the price. we are seeing sellers reducing asking prices, but buyers still wanting to negotiate. they are very picky and choosy, and so on average sellers are having to forgo a 4% of t

peloton's fitness content will be offered to users of the lululemon studio mirror.g settlement with two dozen wall street firms, for investigations into record-keeping. reuters cites sources saying the settlements are with investment advice dealers. they have top $2.5 billion after the regulators to your crackdown on traders use of whatsapp and other messaging apps. rishaad: we are looking at markets. we are looking at the dollar, just a tableau or. -- thaad l -- tad lower. we have the 20 year yield on the jgb, the highest level since 2014. sovereign debt is being global -- sold globally. oil is lurching to the upside heading towards that $100 a barrel level. looking at what is going on with the cnh. the pboc came out and used a fixed which was 1426 pips below what the fed -- traders were thinking, a bigger gap on record, leaving traders with bus that the central bank will not relax anytime soon ahead of the holidays for golden week. investors are going into this period, we have the dollar trading with the anchor of an onshore renin be. cnh we are talking about here

stuart: lululemon. i have no comment on yoga pants people except it is up 2%.ull year forecast for the second time. huge demand from rich americans and chinese shoppers. us sales at 11%. i read this seven times. i thought the chinese economy was softening. sign up 61% in china. they say the third quarter, the current quarter off to a solid start. stuart: what is the dance studio jogger? lauren: all the rage. more jogging pants are fitted, $98. this is why lululemon does well. stuart: broad.com reported earlier today. lauren: they are down. they are not nvidia. there is no wow factor. they reported strong earnings. the ceo said they are facing supply constraints from generate of ai products. they are number 2 to nvidia nai chips but they are not nvidia. they go down because they didn't blow past expectations. stuart: that is fascinating. lauren: i would be so annoyed if i was broad.com. stuart: before we go further i will get to intel. the right hand corner of the screen, the dow is up 250 points. now let's get to intel. the ceo has been sounding positive, stock

adam turnquist joining is your morning mover pelaton gaining after a five year deal with lululemon theess provider providing all access, classes for members beginning november 1, lululemon will also make a cobranded clothing sold by pelaton online and retail stores. the stock this morning up 14% on peloton it is still down $5.30 a share, coming up fireworks in simi valley as seven gop candidates go head-to-head on a whole host of issues mark penn is here to break it down and give his assessments. stay with us. ♪ i got into debt in college and, no matter how much i paid, it followed me everywhere. so i consolidated it into a low-rate personal loan from sofi. get a personal loan with low fixed rates. borrow up to $100k. and no fees required. sofi. get your money right. that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first. godaddy. maria: welcome back chinese hackers getting into the state department e-mails in a breach. cheryl casone with a

lululemon will continue to provide service to it but it will not sign up new customers starting at thethe year. if you start an expensive device, that's something to think about when you buy one. former president trump was in michigan last night in a car parts factory, and the factory was non-union, and trump was invited by the owners and management. trump says the move to electric cars will wreck american jobs. chatgpt says it will be able to search the open web for answers. up until now it could only rely on what it learned from data up to 2021. you couldn't ask it about president biden for instance, because it didn't know biden was president. meta also showing off new features, including the ability to add ai to your facebook messenger chats. so if you were chatting with a friend that was holding a dinner party, you could add ai into the chat to give suggestions to you. and the iphone 15 gets too hot. many years ago, iphone 4, i don't know if you remember, if you held it a certain way it would drop the call because the antenna was around it. steve jobs held a special -- he met with

analysts stretching into lululemon saying this brand could go all upward dog.ste in this name plus, tesla on a tear this year. and money manager cathie wood is making some moves in the name. she'll join us next to break down her latest investments and where she sees stocks heading next you're watching "fast money" live from the nasdaq marketsite in times square. we're back right after this. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. ♪ ("please don't go" by harry casey, richard raymond finch ) ♪ (ping) ( ♪ ♪ ) ♪ please don't go ♪ ♪ please don't go ♪ ♪ please don't go ♪ ♪ please don't go ♪ ♪ don't goooooo! ♪ ( ♪ ♪ ) ♪ don't go away ♪ ( ♪ ♪ ) ♪ please don't go ♪ ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures a

nike, lululemon and apple. >> bill: you had 15 arrests more than 100 looters taking part allegedly. now the fight is on to restore public safety in one of america's biggest cities which had a lot of headlines for the wrong reasons. >> the unrest last night was unbelievable in philadelphia. mass looting and vandalism caused by teenagers out of control. that huge mob of looters some in hoodies and masks ransacked stores in the heart of the city, city center breaking into apple, lululemon and other stores after protest against a police shooting at nearby city hall. police officers were seen tackling looters whose arms were filled with plastic bags stuffed with items like clothes, iphones, ipads. the rampage came after a protest against a judge dismissing murder charges against a police officer. officials say the looting is not connected to the protest. some of the people in the videos aren't collected to the looting. philadelphia police officer was cleared of murder and other charges in the august 14th shooting of a 27-year-old motorist. police said that officer stopped and the man had

they broke into an apple store, they broke into a nearby lululemon leaving, as you can see, what theyt kind of the store an absolute mess. the time of year is interesting. the lootings followed a peaceful protest over a judge's decision to dismiss murder charges against a former philadelphia police officer involved in the shooting death of eddie irizarry. police did not believe the two things are connected, though. listen. >> it is disgusting to be very honest and to see what our city went through in 2020 and to have, you know, some individuals try to recreate that same type of energy tonight is disgusting and, again, at the end of the day we're going to press on until we are able to get those folks in custody because, again, it has no space in the city and there are too many people that worked hard in the business community, too many people throughout communities in this city that don't deserve that type of behavior. >> danny freeman is live in philadelphia for us with much more. danny, people have been arrested. what's the latest here? >> reporter: well, kate, listen, it was a very

. >> that was lululemon's ceo calvin mcdonald on last night's earnings call.s of the retailer rising in the premarket after posting better than expected quarterly results and lifting guidance up about 3% right now. i mean, guys, you look through this, it is just broadly very strong, and this is a category that has tremendous competition, and we've seen, you know, some kind of mixed results this quarter in terms of retail, but geographically, really reaccelerating. the guidance was strong here. accessories, the belt bag, which they have been very prominent in, strong. china, strong. inventory, normalizing here. and i don't know. i mean, there's a lot of dupes on amazon. there's a lot of competition. it's a very crowded space that they operate in, and their price point is among the highest, so they've still managed to garner that consumer attention and consumer wallet in the face of competition and in the face of, you know, in some places, a slowing consumer. >> reinforces the bit of exceptionalism that lu lu has maintained and i think the market gives credit fo

from semis to yoga ware shares of lululemon um around 8,000 shares volume.ported better than expected profits and revenue as well. boosting year outlook and boosted by strong international markets specifically 61% increase in its china region sales. those shares up 2.25%. notable analyst calls. morgan stanley calling dell a top pick in technology. $70 price target. street high. team there says they see dell, saw dell see demand improving faster than expected in the second quarter. that's been benefiting directly from spending cycle in generative ai. stock up around 10%. pre-market 20,000 shares of volume following that after the bell yesterday. cap things off with bali, brazilian mining company getting help from jpmorgan. overweight to neutral and upped target price for u.s. listed shares from $16 tos $15. cited a better entry point given the stock's slide over the last seven, eight months. higher prices, and a lot of things on the move now. generally positive. see if that trend sticks around to the opening bell. >> yeah. of course, metals in china getting a

and it is because if you looked at earnings expectations for 2024 for lululemon, we see the softening of a consumer, we're talking about the stronghold and stickiness of inflation. we're not pricing in these incremental cuts until now maybe the back half of '24. if we need earnings to pull us forward, are they really happening, are we going to hit the 10% year over year expectation. because seven is not good enough to hold us through. and so how do you reposition then into the end of the year. >> i think the earnings catalyst is for the fourth quarter. when you look into 2024, you have to see a softening economic environment that is going to call into question when we look three, four quarters out that you will be able to get the double digit earnings growth. i don't know that you will see that. i do think that you set up for a bit of a chase for performance though in the fourth quarter. where money managers who have been behind all year, money managers who are generally equally weighted in their strategies, are going to look at a lot of the mega caps. and if they have strong earnings

first this lululemon store left ransacked, picked over merchandise scattered all over the floor.inutes later looters were seen barging into this apple store. and others broke into this liquor store. >> everybody in the city should be angry. everybody that goes to these businesses should be angry. >> reporter: upwards of nearly 100 people were involved in looting and at least 15 people were arrested. >> we made arrests and we'll continue to make arrests. >> reporter: the looting came on the heels of peaceful protests against the judge's decision to dismiss all charges against philadelphia police officer mark dial who shot and killed eddy irizarry during a brief traffic stop last month. police commissioner john stanford said he believes the looters were not moatstivated b the dial case. >> this was not a protest, this was a bunch of criminal opportunists take advantage of a situation. >> reporter: now, here on walnut street, cars are moving depend. we've seen runners, folks going to workout classes. things are looking more back to normal here even as stores like this apple store be

and thieves crashed a car right into a lululemon store and steal some high priced merchandise in berkeley. coming up tonight at six, we take a closer look at organized theft. happening outside he was arrested back in march and accused of espionage. russian authorities have yet to detail what evidence they have against him. gursky is expected to remain jailed until at least november. there has been no set date yet for his trial and as one american remains behind bars in a foreign country, five americans who were detained in iran are now back on us soil. the men were freed as part of a prisoner swap with the iranian government. fox's rebecca castor has more on the controversial agreement and the prisoners emotional journey home. a morning of celebration and tearful reunions when the plane carrying five former iran hostages made it to the us. it's an honor to be the first to welcome you back to the united states of america and to freedom. it's a moment one of them, siamak namazi, could only dream of while he spent nearly eight years in an iran prison. in a statement, he says he's excited to

we want to take look at l lulu lululemon. guidance for the year on strong china growth. the stock up more than 5%, the top gainer on the nasdaq 100, and interesting to see a retailer talk about strong international sales. >> it's a shame we couldn't get the video working because i'm sitting here decked out in my lululemon outfit today, you know, just because of this. we're big fans. we own the stock. it was really nice to see the second, you know, quarterly earnings report. this ed a really nice report last quarter there was a lot of speculation because of the retail softness going on out there. you can look at this stock and say, wow, this isn't cheap trading 30 times forward, but the company has no debt. they've got about 800 million in cash. and again, what's happening? they're taking market share and growing those earnings and raising guidance. so in a soft retail environment, this is one where folks who have to have, you know, the exposure in their portfolios for allocation reasons, they're going to shift out of the lagg

from nordstrom in los angeles, to lululemon near atlanta. and now, an apple store in philadelphia. dozens of high-profile smash-and-jabs have business owners calling for tougher laws. this week, oakland mall businesses went on strike, closing their doors for hours. standing in front of a shuttered restaurant, they demanded public officials do more. >> this restaurant survived occupy oakland and the riots. this restaurant survived the pandemic. but this restaurant can't survive crime. >> reporter: the morning after target made the announcement, there was a line of cars. people were being turned away from getting into a san francisco target that's closing. this store and one in new york, they abruptly changed their store hours. communities are feeling an impact. stores across the country are not officially supposed to close until october 21st. >>> leader prigozhin may be gone. but some of the fighters are appearing on the front lines of ukraine. a live report after a quick break. stay with us. >>> we're getting new details of what ukraine calls a massive overnight drone strike. it co

lu lululemon just fired two employees for chasing robbers.wo women for fired for knowing by violating the zero tolerance polly related to the physically engaging with perpetrators that put the lives of the safety of the guests at risk. home depot tells its employees not to stop robberies in progress, warning of the dangers. it seems like a catch-22. the end of the day, the criminals know they are limited -- >> it's a little of that. the safety of the employees and customers comes first, 100%, and the consequences second to us. >> reporter: still, two people have been killed. >> shots fired at the home depot on johnson drive. >> reporter: in april, 26-year-old blake was shot while trying to stop a theft in a california store. two team have been charged in connection with the murder, and in october, 82 yard line gary razor, nicknamed by his co-workers, was pushed by an assailant and later died. >> he loved working at home depot because he was invested in the people and the customer. the workers. >> reporter: jeff razor said he never believed hi

jan wilson, there is a canadian wilson who some may remember their rise to fame through lululemon.overing the ipo market, how much does the potential audience or appetite depend on which brands we are talking about? us leslie in a stable here. katie: people will say the best brands can go public in any environment but bankers get spooked when they see ipos not doing well. it is hard to even get bankers to sign up and do a roadshow for company. right now, they are willing to do that and trying out the market for a you in september. a lot of the others we reported want to go public this fall. a lot is dependent on how first companies do, whether the ipo window is truly open. it is a little up in the air. matt: thank you. katie roof who covers ipos for us for bloomberg. she is based on the west coast which is helpful in the tech industry. we are seeing a drop in stocks right now and a selloff in bonds as well on the back of economic news out of the u.s. this morning. the s&p 500 trading at 4455. yesterday, we were at 45,000 -- 4500 event. what is interesting is the move up in crude, e

just down the street, a lululemon, mannequins toppled, and that store is also closed.uor stores in the city have been closed and this was in center city, philadelphia. authorities say after they got things relatively under control here, there have a move to north philly and the game stop and walmart were targeted there. listen to what people are saying about this kind of lawlessness. take a listen. >> it feels like it's a little bit overwhelming, in a sense, what can they do. especially if it's a flash mob or a larger incident, it feels like it's a little out of control. >> i'm very cautious, but i'm not afraid. >> reporter: and authorities say they think that this was a crime of opportunity, as a result of the fact that there was a peaceful protest here yesterday. some people who were upset over the dismissal of charges against philadelphia police officer who had been accused in the shooting death of a man here in philadelphia, a 27-year-old man. but they said that protest was peaceful and that some people, they believe, took advantage of that opportunity and created

the security gua >>> another large-scale smash-and-grab, at a lululemon in the east bay.ecurity guard heard a boom and realized the thieves had backed a car through the front wall of the store. six people jumped out, ran in, grabbed the merchandise. they told him not to call police or they would shoot. the guard was not hurt. the details on suspects or how much merchandise they got away with. >>> if you plan to walk or hike in the bay area hills in the next few weeks, beware of tarantulas. mating season is in full swing. you're likely to see these guys, large, hairy spiders in hilly and grassy areas. this video taken over the weekend. despite their intimidating look, they are gentle giants. >> don't run over them. and if it's safe, and there's plenty of room to pull over, if you see a tarantula and pull your car over and just sort of urge the tarantula to finish crossing the road before someone else comes along, i do that quite a bit. >> let the tarantula cross the road. didn't you have tarantulas on you? a man took this video while driving home. the spiders come out duri