briefly, did lululemon and its rivals _ story. briefly, did lululemon and its rivals in _ story.ts rivals in this side of l and its rivals in this side of retail, gym wear, did they get a big boost from the pandemic as more people were trying to get out and do exercise? absolutely, the pandemic not only helped lululemon but also many leisure brands as consumers shifted their wardrobes with more casual athletic wear as they work from home, spent more time outdoors. the wardrobe shifted. now they are shifting back to a more balanced approach so weak we are seeing what fashion. lululemon is a brand that you could argue is streetwear as well as performance, and can be dressed up or dressed down. poonam goyal, thank you for joining us from bloomberg. let's go live to normandy, where as you can see from the pictures we are receiving, preparations are well under way as western leaders prepare to gather to mark the 80 years since the allied landings in normandy. 150,000 soldiers landed on five beachesin 150,000 soldiers landed on five beaches in northern france. it was the largest amphib

we're going to get lululemon today.er these two reports, what do you think we're going to get as far as a read on retail? >> we're expecting to see a lot of the discounters report like ollie, dollar jen rare, five below. the one they're most bullish on is ollie. dollar general is expected to be healthy. we're going to be looking to what happens with the low income consumer, they've been trading down themselves. as you know, the muddle class continues to trade down. high end is in much better shape. >> we've got to leave it there. thank you to both of you. >>> as we head to break, we're watching shares of vanguard international semi-con doubler and nxp semi-concosemiconductor. construction will be beginning in singapore. we're not seeing a movement in e crsi, but the news is osng thwe're. much more on "worldwide exchange" coming up right after this. norman, bad news... i never graduated from med school. what? -but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds u

the men's section of lululemon's is underappreciated. in any case, needed good news for lululemon.et's talk about robinhood with the crypto deal. emily: this is an expansion of crypto businesses for robinhood. they agreed to buy the european crypto exchange bit stamp that specializes in institutional trading. this will be valued at about $200 million and is expected to close in the first half of 2025. shareholders are liking the move. we are seeing gains up about 2% after the open. this comes a month after the u.s. sec warned robinhood that it faces an enforcement action over its own crypto business. we will have to keep an eye on that regulatory approval. the deal hasn't yet been approved, but it is pending. katie: interesting to see robinhood doubling down on crypto, helping out the shares. let's talk about five below because of squishmallows are not cool anymore. lisa: you know what they are? katie: i own one. lisa: i had to look it up, but i recognized the term because i see on tiktok a lot of people collect them. katie: i don't do that. let me say that. lisa: five below, the d

i don't think you have much gross margin risk with lululemon.hey're not getting undercut in terms of price or promotion. >> sure. but if your margins are holding up, but your traffic is not, and your comps are not, then it doesn't matter. you know what i mean. it doesn't make a difference. >> they need to prove that the americas is slow down is a function of tough compares, which it is. north american business in 2022 was up over 30%. it was up mid teens last year. so they got very difficult mid multi-year stat comparisons match that's playing a big role. that market they were in post pandemic was quite strong and having trouble. >> what about return to work lastly. as we move further and further away from the pandemic, do we get closer and closer to incremental increases to return to work and does that have an impact? >> it does. the casualization theme certainly pulled forward demand post the pandemic. that was obvious. i think we there's a lot of market share to be had. >> do you think it's still small, where, not in the u.s.? >> brand awaren

what's your trade on lululemon and the enduring appeal of leggings. >> yes.ant to own right now. i'm neutral on it. it's not i don't like it but i'm neutral on it. the bear case is that lululemon could become like under armour, irrelevant going forward. i don't think that's the case. there's a tremendous amount of loyalty. if i go by my wife, there's a tremendous amount of loyalty amongst the consumer female base. can they expand overseas. can they convince europe, east asia, that at leisure is respectable clothing. if they can expand those markets, leap that cultural gap, i think growth can really go forward. that's something i would like to see in the next two quarters going forward before i would commit any capital. right now stay away. >> it's interesting, too, we had a segment last week on the return of denim of all things. and very wide flared denim pants, which is exactly the opposite of stretch, tight leggings. so, you wonder whether that day, we've reached peak legging. >> maybe. tyler, i'm just waiting for the big side burns to come back. i'm old en

lululemon up 9%. followed by nvidia.md and micron getting a boost as well. >>> now turning to the biden administration looking for support overseas in the fight with china to maintain global tech dominance. a key general for that battle the is in singapore firing another shot at beijing. we have eunice yoon with nor f more from the region. eunice. >> reporter: frank, as you said, gina raimondo is here in singapore months after the trip to asia in march. today, she and 15 other ministers in the region, signed agreements with clean technologies and fair tax rules. this is part of the framework led to solidify the presence in the region after a pull back. my interview with her and secretary raimondo made the case they made a lot of progress which resulted in tangible benefits. this is what she said. >> it's one thing not to say america's back, but it's another thing to show up. that's what we're doing. we are here now making these investments and connecting ourselves to the governments of these countries and businesses in t

police later found the getaway car abandoned the lululemon merch was still inside. they say the car had also been reported stolen officers then later found and arrested the 4 suspects in san francisco. alameda county is getting a new trauma center. the second level of the washington hospital in fremont will be a trauma center starting in july. officials say the center will provide 24 7 lifesaving care for critically injured patients. it will be the county's 4th trauma center. joining highland hospital eden medical center and ucsf benioff children's hospital in oakland. another raising canes is coming to the east bay. the food chain plans to open a restaurant this fall in the hayward retail center off mission boulevard earlier this year. the chain also announced it would be store in san jose and coma. until then you can head to the chain's only current bay area location, which is in oakland. check this out. a new exhibit at the children's discovery museum in san jose will be opening next week. this is a sneak peek at the exploration portal. it has 8 new interactive e

the lululemon merch was still inside the car. police say they then later found and arrested 4 suspects shortly after. will be aware of a gold bar scam. police in brentwood say scammers are posing as the u.s. government and telling victims their finances have been hacked. police say the scammers then persuade the victims to turn their cash assets into gold and then they go to claim them. police are asking residents to, of course, give them a call before you give out any personal information or of course, any money or gold bars to strangers. a water main break flooded several homes this afternoon near san francisco's glen park neighborhood and repair crews say large volumes of water were streaming down. harper and randall street. one resident telling us city crews have been in the area recently working to fix the underground pipes for quite some time. >> working the plumbing in the streets have been working on the pipes in the streets for about 7 months now. and they had just finished sealing up the street this past monday. and a m

another brand on the up — lululemon.ctivewear brand beat wall street expectations on revenue in the first three months of the year. strong sales in china helped buffer a slowdown in spending in the us. shares rose around 12 percent on the results. us commerce secretary gina raimondo is in singapore this week for a meeting of the indo—pacific economic framework, an initiative to improve economic ties between america and asia. along with executives from major us companies, she also attended a forum to promote investments in green energy. for more on this, we're joined by deborah elms, the head of trade policy at the hinrich foundation. i think this is a complicated framework. it's not a trade agreement. trade officials have been struggling to figure out what is it. and that took a long time to work on. what are we actually talking about for that in the end they created this sort of platform, if you will i think it's easy to think of it that way in which a number of important issues could be discussed in the future. that's

but lululemon stock, despite that, is up today as we take a live look at the markets.slightly. no big swings today. tomorrow is a big day though. we get that monthly jobs report. ebay customers will no longer be able to use american express starting in mid-august. the e-commerce company says unreasonably high fees the credit card company charges for processing transactions prompted that decision. american express says they are disappointed with ebay's decision, and it will ultimately limit customers payment options and would hurt ebay's business. us regulators are set to move forward with antitrust investigations into companies that are dominating the ai industry. the justice department and federal trade commission reached a deal to split responsibility for investigating nvidia, microsoft and openai. the justice department will investigate if the behavior of nvidia violated antitrust laws. the ftc will examine the conduct of openai ai and microsoft. a new survey shows more people are choosing to stay at their current job, according to a leading business consulting firm

stuart: lululemon straight up this morning, not that much. >> stocks have come down a little bit.the rally is softening at this moment. these were indicated higher just moments ago but basically their earnings were good, china sales are tremendous and they got an upgrade and they say the stock is going to 425. stuart: white house press a terry jen psaki suggested biden took executive action on the border for political reasons. president biden's new border policy in effect about migrants don't seem deterred. watch this. >> it illegal to cross the border like this. you don't care? stuart: that star reporter, bill melugin, hundreds across the border just hours after new rules went into effect. ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ [thunder rumbles] ♪ ♪ stuart: the white house is under intense pressure to stop the flow of fentanyl over the southern border. madison alworth jointly. how much worse has the fentanyl crisis gotten since biden took office

ill illumina, lululemon, paypal and brown forman. now the cryptos.s at $71,500. >>> coming up, donald trump's in arizona. immigration, the big issue there. we have a report from phoenix. >>> president biden facing challenges on his electric vehicle push. only 99% of people -- 9% of people in america own one and most others are not interested in buying one. we have the full story next. ♪ shame. it's been here as long as i can remember. living in glances of people i loved. and ones i didn't even know. (♪) but what good is shame when it comes to health? health is not about what weight we lose. it's about all of the things a body can gain. (♪) stuart: here's one of those important numbers, the yield on the 10-year treasury. this is a good number if the yield is below 4.3. that's a positive for stocks. let's see the price of oil, around about $700 -- oh, it's going up a little bit, $75 per barrel. that's where we are with oil. >>> now this, the white house is pushing forward with its electric vehicle agenda, but people just aren't buying into the vision.

peter anderson joining us on markets, lululemon, take a look at the stock premarket, shares of the athleticging after a double be on earnings and revenue, the stock is up 8%. they discussed strong china sales buffer is sold out of north america lululemon a net income of 321 million but forecasting weaker second quarter guidance the company announced it would add $1 billion to the stock buyback as well. the stock is up 8% but it's down nearly 40% year to date, the house oversight judiciary in ways committee recommended criminal referrals for hunter biden and his uncle james biden, andrew clyde is here to weigh in on that, stay with us. ♪ (marci) so, how long have you lived here? (opponent) over forty years. (marci) and how are the restaurants around here? are they good, bad, meh? what's the average household income? is there a mall? i don't know. a hair salon? where do you get your hair done? (opponent) you gonna move, or what? (marci) oh, i'm sorry. it's a lovely neighborhood. (luke) marci, we've gotta go. (marci) i'm coming! (luke) we've got seventeen thousand more parks to visit. (marci)

and lululemon is never going to sell jeans. there's no room for them there. >> you had true religion. i bet you any amount of money. >> my response to that is, who didn't? >> first of all, i didn't. second of all, great having you here. and i'm sorry you have to endure the low -- did you even say that out of your mouth? >> you're thinking of stripes. >> wide leg. >> the right terms, you're on it. >> flares, right? >> are you skeptical of this pop? >> yeah, i am. listen, this is the good news. inventories were down 15% year over year against sales growth. very good. and margins were -- they beat, but still down year over year. all very good things. but as gabrielle said, america was flat, i mean, that's still the big kahuna there, and the second quarter guide wasn't great. they're trying to get you to believe the full-year guidance is going to come in better than the street was expecting. the stock buy-back doesn't do a lot for me. i thought we'd trade cdown to te june '22 lows, we didn't get there, but i think you fade this mov

lululemon is the second worst performing stock in the first half of this year, down over 40%. katie: bring it home. jess: another ai-tight play, when you look at the deal for nokia. 70% of the deal will be paid in cash and the rest of it will be the nokia american depository shares. a $2.3 billion deal. i was talking to our equity team when it comes to the regulatory process. she was saying that it could be lengthy because nokia would be buying a u.s.-listed company here. that is something to watch. if you look at this, up about 18% come on pace for the best day since november of 2022. nokia, the u.s.-listed shares are up close to 2%. katie: really interesting potential m&a. have a great weekend. coming up, president joe biden and donald trump trade barbs in the first presidential debate. all of the details and fallout next. this is bloomberg. ♪ pres. biden: we brought down the price of prescription drugs, major issue for most people. we are working to bring down the price around the kitchen table. steve trumpian has done a poor job in inflation is absolutely killing us. he in

probably know 5% up, but not much so lululemon's up 8% for the day, but down 40% year. kind of what's going on with the consumer. it's it's bad year, some retailers are showing that they can have a okay quarter. okay. and then i got to tell you to completely honest on my phone. i was watching the live the live transmission of the launch this morning of the doubt. >> the the space x starship test flight the 4th one. this one looked pretty successful. what kind of ramifications is going to have? >> we'll show you how far boeing is behind boeing and spacex both got big contracts from nasa roughly 8 years ago. boeing's and way over budget space x's on their big launch recently said the booster came back to the planet and one can one piece which is good because they want them to be reasonable. we're one step closer to men back to mars. people back to and people watching that day. no one step closer getting back to the moon and even a step closer to getting to mars. we just kind of important because at some point in time our son stops being assigned and we need to be in anoth

lululemon, don't they grab you? lululemon does not grab you. >> ainsley: all different styles. >> lawrence: they stretch. >> steve: it is supple. from flip felonies to flipping the ribs. go outside and check in with the mclemores. >> what's going on, guys? how are you all doing? we are so excited to be here. it's national flag day it. would not be a mclemore guy's tradition week four of the all-american concert series if we didn't have something massive. we actually have the ultimate smoked breakfast burger. also, we are going to be talking about that coming up in the 7:00 hour and riley green, we talked to him this morning. is he going to be playing in the 8:00 hour, super excited about that. it is father's day weekend. so we highly recommend for all of these recipes that are in gathering grill, our cookbook, which is a great father's day gift. go check out masterbuilt's grill. we're cooking up some hot dogs. right here. go to masterbuilt.com. go to home depot to get that. it is a fantastic father's day gift. it is

new at 11 a lululemon heist and high speed chase ended with four suspects in jail tonight.e facing felonies for stealing $10,000 worth of athletic wear. it started around 230 yesterday when san mateo police got a call about a theft at the hillsdale shopping center. witnesses there say three people grabbed a handfuls of clothes and ran outside to a white subaru outback, took off. officers chased the car all the way to san francisco, but backed off when the driver became erratic. they managed to catch the thieves a few blocks away and were able to reclaim the stolen clothes. tonight the suspects have been booked into san mateo county jail. now to decision 2024. it's a crucial weekend for the candidates. president biden and former president trump are preparing for next week's presidential debate. the first one of this race. neither candidate has debated in four years. the stage is set for thursday's showdown in atlanta. president biden winning a coin toss, picking the lectern on the right side of the stage. former president trump will deliver the night's final closing statemen

plus, nearly $10,000 worth of clothing stolen from a lululemon store. how officers in the bay area quickly found the group responsible and these lucky little piggies got to stay home after fire crews stopped flames from these sites fire from reaching their penn. we have the latest on all of the fires burning across california. those who have been rescued, including wildlife like that. coming up next kron for news at 10 11, vicki l send it back. alright, noelle, looking forward to that. long as we're talking about animals. take a look at this smiling. >> great white sharks. look at those spotted near santa cruz beach is that these photos were taken by a marine wildlife photographer use helping out the scientists with the monterey bay aquarium track populations off the central california coast. more than 20 young, great white sharks juveniles. they were spotted swimming near new brighton state beach. the scientists say the sharks come back, california as the water warms up. so there you have that wraps up our 4 news at 6. ♪ ♪ >> announcer: her suitcase we

shares of lululemon are rallying.0% jump in revenue beating estimate sales in china hoping to offset slowing growth in the americas. lululemon increasing its share buyback program the second time in six months it has increased returns to shareholders. shares of lyft rallying, targeting 15% annual growth in gross bookings for 2027 and gross bookings from its advertising business to increase eight fold in the same period. the stock up 9.5% right now. >> the rate cut race has begun. yesterday canada as you know became the first g-7 country to slash rates. today the ecb cuts for the first time since 2019. our steve liesman is here. steve, curious to know if you agree with some descriptions of this as a hawkish cut? >> yeah definitely. those are my first characterization of it as the ecb ecb cut rates since september 2019 bringing the main financing rate down to 4.25. part of the move that includes other central banks, but so far, it's excluded the united states. in her press conference ecb president christine lagarde did

they're going join the big name retailers already in the mall, including h nm lululemon and bloomingdale's city hall officials say it's all part of the plan to help small businesses flourish. now time for r 4 zone forecast as we get a live look at the embarcadero. kind of a great day out there quite a great day. a crime for chief meteorologist lawrence karnow here with look ahead. yeah, temperatures really cool down much of bay area below average after we have triple digits. >> just the other day. so really watching that cool marine air work its way. well, onshore help lure drop the temperatures outside. and that looks like. >> overnight tonight we'll see some of that patchy fog, although likely dissipate as we head through the night we'll see some drier air begin to mix in. and that means that fog should begin to fade away. but it is cool. we've got a pretty decent wind out there as well. some of the gusts over 30 miles per hour. temperatures coast side, as you might expect with the fog in the 50's right now, even the san francisco 54 degrees. so warm weather in london. get the east bay.

meanwhile, lululemon jumped 4% today after it beat earnings expectations as the paris games are now just0 days away. and we are so, so excited for all of these athletes, including one of the olympic hopefuls who has deep roots here in the bay area. former stanford basketball player issa silva is working to make the mexico national team. he sat down with nbc bay area's damian trujillo. issa silva says his college basketball run has been a fun one, and he's using his farmworker roots as inspiration to make it to paris. issa silva spent the morning shooting hoops with a cousin and with members of the varsity team at willow glen high school. you always turn your thumb like where the rim is. today's pupil soaked in the advice from the six foot four point guard who once laced it up for the stanford cardinal, a stanford standout who made it on to the mexico national team, there's no better reward than representing a country and having that that name on the front of your chest while wearing your family's name on the back. the next two months will be busy for silva. in two weeks, he flies out to

join the big name retailers already in the mall, including a chin and lululemon and looming dales. there is a new state bill that would prohibit schools from notifying parents if their children identify. >> as transgender or lgbt q, this is now a closer to becoming law. passing the senate easily today it would ban school districts from any kind of lgbtq+ notification. it would ban teachers from outing children to their parents. that's unless the child gives permission. supporters children could suffer emotionally and even consider suicide of parents are not supportive and believe students every right to privacy. opponents argue those policies are important and making sure parents know what's going on with their children. the bill will now advance to an assembly committee. members of the legislature have passed a proposed state budget comes as california is facing a huge deficit. lots of cuts expected. hey, tom wallace has that story. >> well, what lawmakers here at the state capitol approved is, in essence, just a place holder to beat the june 15 deadline requiring them to pass a p

the lululemon merchandise still inside. they also learned the car was stolen.ng in alameda county soon get more access to emergency medical care. the second level of the washington hospital in fremont becomes a trauma center starting in july. officials say the facility will provide 24 7 care for critically injured patients. this will be the county's 4th trauma center joining highland hospital, even medical center and ucsf benioff children's hospital in oakland. >> another brazen changes coming to the east bay. the food chain plans to open a restaurant this fall and the hayward retail center off mission boulevard earlier this year, chain announced it would also open in san jose in coma. the runs a restaurant out of oakland. for your money. gas prices are notorious for going up during the summer months, but could good news be on the way? we sure hope so covers tiffany justice is live for us now in walnut creek with what you need to know as you plan out your next summer road trip. good morning, tiffany. >> exactly. a good morning, stephanie. yeah, gas prices sligh

el otro incidente ocurrió el uno de junio e involucraba a 2 mujeres que robaron de la tienda lululemonesos sospechosos. y oiga esto. una mujer llegó a una tienda, se bajó del coche, y mientras estaba comprando su carro, fue robado con su bebé al interior. peter ruiz nos informa . esta mujer baja de su vehículo y se dirige a la tienda, dejando a su bebé en el asiento de atrás. momentos después aparece esta mujer. abre la puerta y simplemente se va del lugar. alguien avisa que el vehículo ha sido robado. la búsqueda comenzó. nuestra fuerza de helicóptero, nuestra fuerza canina, varios elementos de uniformados. no? pues no, nunca ha pasado. aquí en nuestra tienda tenemos muchos hombres afuera, pero hasta ahí. una hora después, el departamento del alguacil de fresno recibió una llamada de emergencia del área de la avenida olivo y ice se reportaba que una persona sospechosa estaba tratando de empujar un vehículo. la descripción de la persona, esta persona, la mujer y el vehículo era similar a la persona que se había robado el vehículo y el bebé al interior del carro se encontró a la bebé ll

de 4 sospechosos de robos a comercios minoristas, esto tras la denuncia de un asalto a una tienda lululemonomercial hillsdale. de esa sucursal se habrían llevado mercadería valorada en 10.000 . los detenidos han sido identificados como theodore, jorge sierra manzanares, cami mazutti y jesús olivares, quienes habrían intentado huir en un auto, pero fueron detenidos en san francisco, mientras que en manteca, cerca de modesto, la policía arrestó a un hombre por apuntar un arma de fuego a un conductor. ocurrió el 17 de junio en la carretera 37 hacia el este. el hombre que posteriormente fue identificado como joel dunn, se bajó de su coche y habría sacado su pistola después de un altercado verbal con otra persona que en la parte trasera del coche conducía a 2 menores de edad. luego, la policía emitió una orden de búsqueda en la casa de don y encontró la pistola y otras armas. bueno, este video que ocurrió en frente de santana road el fin de semana pasado ha sorprendido a muchos residentes en el sur de la bahía. y es que un oficial de policía se encontraba dentro de esa patrulla mientras esas per

people were arrested after police say they stole thousands of dollars worth of merchandise from a lululemonn mateo. this happened yesterday, just before 2:00 in the afternoon at the hillsdale shopping center. police say three suspects ran into the store, grabbed clothing from the racks and ran into a getaway car. officers found that car going northbound on highway 101 into san francisco, and after a chaotic chase, officers found the car abandoned. and then they located the three theft suspects, along with the driver. police say the car was stolen earlier in the day. the stolen clothing, worth almost $10,000, was found inside the car. the san francisco department of public health says that a new effort for treating opioid addiction is showing results. >> the health department is connecting homeless people directly with telehealth visits in the evening, right on the street, people are able to talk with an addiction medicine provider and are provided a safe place to receive services right away. the department has reached 440 people so far, up from 173 in march. what we're finding is when we co

the lululemon merch still inside.rds. and beware of a gold bar scam. police in brentwood say scammers are posing as the u.s. government and telling victims their finances happened. hacked police say the scammers persuade the victims to turn their cash into asked it's a gold and go to claim them. police are asking residents to give them a call before giving out any personal information or money to strangers. and alameda county is getting a new trauma center. the second level of the washington hospital in fremont will be a trauma center starting in july. officials say the center will provide 24 7 lifesaving care for critically injured. patil the county's for auma ce highland hospital, even medical center and u c s f benny off children's hospital in oakland. police and ses a pool say the driver of this car was driving under the influence when they crashed into 2 utility poles. this happened around 11 thursday night at the data and florence avenues. transformer was destroyed, causing part of it to be without power for sev

the final stretch of earnings season is upon us as hpe and campbell's and lululemon report.s for the first time in eight years. we are keeping an eye on nvidia ahead of the 10 for 1 stock split on friday. owners of stock will receive nine additional shares after friday's close. let's siee how the markets are happine shaping up ahead of the market open today. joining me now is erin gibbs from main street asset management. erin, good morning. >> good morning. >> how do you see today shaping up? what is your "wex" word of the day? >> my word of the day is rate-boost. i know we like to talk about equities and higher interest rates hurt equities, but we want to think about how it f fundamentally benefits corporations. they are earning more interest off the cash investments. most have a net cap position and that ultimately helps their health and they are able to put that money into more investment and be more profitable. while it certainly changes the risk profile for equities, it is a big economic boost and that gives us going forward really a nice tailwind going into this next y

i can pick out lululemon sweat pants where the american consumer is spending. this is the data.e have patches of weakness, but we also have patches of strength. what can you focus on with the strong data? it's going to be hard to get us across the line for the first rate cut. >> i think that's very fair. i upon the people to the composition of the fmoc is the new crew that rotates. the new crew tends to be hawkish. i do think the right betting is they will not cut that much this year. the market is saying one to two times. i would argue they should do july, but they will do september. i think, you know, that's the right course of action. >> speaking of the new crew, i spent time with this at the ecb with the voting members in september. the markets ruled out july. in september, holzmann, who was the holdout yesterday, he is not a holdout for september. that is not whether we get a follow-up rate cut in september, do you think we do from the ecb? >> i don't think we do. he wasn't persuasive being the lone hold out this time. i think the ecb did an insurance kind of cut. they have

>>> lululemon with its results in the second qute

annmarie: is this a win for adidas and lululemon?a: i think they are in different places. lululemon is facing some of the same macro pressures on its consumer, spending in 2022, pulling back, they need to rethink innovation to attract younger consumers and men. outside of their core middle-aged woman consumer. i dos is on the upswing. there trend is working globally and they are at the peak level of it and the question is -- can they sustain it? do more to keep it going? or will it fade out next year? they are in a good place, but can they keep it? annmarie: we are talking about innovation, but are you basically saying that they need to be cool again? our trend analysis says that was nothing new to the brand. aneesha: coolness, newness in the design, getting a silhouette that is exciting. it's not necessarily about technical innovation. most people who run are not concern with the carbon plate composition. they are not trying to shave 30 seconds off of their marathon time. they want something comfortable and looks good. it's about de

lululemon a standout following earnings. nice jump for a stock pummeled. you know the story. up 5% today but bas down 40% year-to-date going into that print. takes us to "talk of the tape." trim or buy in? yep. nvidia, because it seems everybody else is, too. dean of valuation called it greatest company ever built. others suggest gotten a little too crazy. who's right? ask a cnbc contribute here is at post nine with the joe etf if which nvidia is top holding. >> absolutely s. is. >> what hinges? job report tomorrow or lack thereof from nvidia? >> can't dismiss the premise tomorrow's unemployment report will impact the tape. i think it clearly is and one of the reasons why is because so much uncertainty surrounding what the market is going to react to. does the market know what it wants? cooling inflation, or a cooling economy? i'm very -- i think the market is unclear in that regard. so going in there doesn't seem to be an expectation in either direction. i think that's going to create a push/pull dynamic. i think the market reacts to the unemployment report. if the market co

walgreens just yesterday, of course, much of this decline and l lulu lemon, what a turn of the times for lululemonidia, arm, micron, along with constellation here, and that rounds out, of course, an amazing first half of the year it has been for equities. coming up, shares of nike falling nearly 20% to their lowest level since late march 2020. pandemic nadirs here at $75. this after results and guidance disappointed. from direct to consumer issues to china, why our retail expert says it can be even bumpier than management has outlined. ♪♪ ♪♪ chewy, a citi client, uses citi's financial expertise to help drive its growth and keep its supply chain moving, so more pet parents can get everything they need... right when they need it. keeping more pets, and families, happy. ♪♪ for the love of moving our clients forward. for the love of progress. clem's not a morning person. or a...people person. but he is an "i can solve this in 4 different ways" person. you need clem. clem needs benefits. work with principal so we can help you with a plan that's right for him. let our expertise round out yours. her uncl

>> yeah, lululemon, great premiere company, lost its way a little, but i think it's found its way back. the stock is called samsara. the symbol is internet of things, iot. it got obliterated on earnings. bounced right where i should have bounced, and i think it rises further. >> guy? >> you should go to youtube and watch his graduation speech -- >> high school? >> i'm going to watch it. >> yeah, i gavthe adtie gruaon speak. >> around. >> thank you for watching gas money. >>> hey i am cramer. welcome to matt money. i'm trying to make you a little money. my job, to teach you about this business so call me. maybe we

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believe donald trump would have a more fair outcome if you'dhedebugged an old lady on y and looted lululemony home. because alvin and bragg bragg ly ran his reelection campaign on the idea of convicting donald trump but he made good on that came from us last week. it is helped raise a donald trump over $200 million in just a few days. and more to come but i believe they made him president thursday night. jon: out current republican congresswoman nancy mason is good of you to be here. much more head on the fox support president bite is expected to take executive action this week to try to solve the crisis at much more head on the fox support president biden is expected to take executive action this week to try to solve the crisis at our southern border. san diego is one of the cities at dealing with an on precedent and influx of migrants. the san diego county supervisor jim desmond is here to talk about what is going on in his city, next too. my daughter is mila. she is 19 months old. she is a little ray of sunshine. one of the happiest babies you'll probably ever meet. children with down syn

keep their place of business safe but those are the people like the two women who were working at lululemonfters out of the store but they were fired and shamed. i way that these body cameras are also being used to internally prosecute the employees, and keep them in line. as much as they are documenting what is going on. because videotaping people only works if they have shame. people who commit this type of theft, they have no shame. >> i mean look at the screen, surveillance video, and they are still doing this. >> ian: in a competent world, this would be enough. but they know, even if i get caught, i am on a body camera, they turn over to alvin bragg, and he does nothing with it. who cares? that's the problem. we do not live in a sane world or a saint community. >> by the way, this reminds me of a headline recently, it was a spike in auto theft, a result of more people leaving their cars unlocked. that is what's happening we are not addressing the problem. >> victim blaming. how much influence what tiktok have on the 2054 race? a lot. awkward question... is there going to be anything...

san mateo police arrested 4 people who are accused of stealing $10,000 worth of clothing from a lululemontore. it happened at the hillsdale shopping center and san mateo. this was thursday. police later found the getaway car abandoned. this is some of the merchandise that was still inside. they say the car had been stolen. police later found and arrested 4 people in san francisco. next 10, a supreme court ruling that could save lives. the new legislation to protect victims of domestic violence. >> in national news, the supreme court has upheld a federal law which is meant to protect domestic. >> violence victims by restricting abusers from owning guns. washington correspondent maddie beer-temple has that story. >> in an 8 to one ruling, the court said the government can stop dangerous people from getting guns. specifically those found by a court to pose a credible threat of physical safety to another person. writing for the majority. chief justice john roberts said those with domestic violence restraining orders can be barred from having a gun. this ruling is a huge relief for women and c

lululemon last quarter was warning of slowdowns and a so i think we're seeing it even in the higher endpending that type of money that they were, especially if their jobs are in peril. let's see what happens this week with the job numbers. i think there's a chance that it's not as good as people think it is because i think a lot of people are starting to forecast this could get bad before it gets better. we've been calling for recession for a year. we've clearly been wrong. we thought rates would higher for much longer than people anticipated. i think there will be a lag on that as it hits the economy that people are just simply unprepared for it. cheryl: we're going to get the jobs numbers on friday. real quick, i've got to ask you both about nvidia. they unveiled this next generation a.i. platform, called rubin. this is going to come you out in the 2026. they're getting a lot of competition. rival chip makers. but ryan, i think that nvidia seems to be the company p that continues to tell us we have the next thing. we have the next thing. and nobody else seems to have that next thing.

well, thieves accused of stealing $10,000 worth of stuff from a lululemon in san mateo led police on a chase into the city. san bruno police say that when officers responded to hillsdale mall for retail theft, the suspects fled to san francisco in a white suv. in the city, officers, who are part of a retail task force attempted a traffic stop and the suspects ran away. after abandoning the car. three of the suspects were caught selling the merchandise in the tenderloin. sfpd eventually arrested the fourth suspect. authorities say the vehicle they used in the theft was reported stolen. all four suspects were booked into san mateo county jail. well, we have been following this story for months now. and now a major milestone for the street vendors on san francisco's mission street. the city is letting some of them sell there again. abc seven news reporter luz pena shows you what's changed there. >> tents are set up, merchendise out, and now they have uniforms. these are the ten street vendors san francisco is allowing back on mission street between 23rd and 24th streets. >> como vendedo

. >> in some cases, it's a tale on the consumer, tim's pointed this out, lululemon, when that growthtops, and we've seen this with all kinds of specialty retailers over the years, that's when things go really bad. an analyst thinks a potential bear case is $150. i think the base case is $240 or so. it's hard to argue with that, given some of the margin contraction we've seen and some of the growth basically retraction, or just growth slowdown that we've seen. with that said, walmart works here, without question. and even costco, at some point on the back of the selloff of the earnings release, is going to work, as well. >> taking stock of q-1 earnings season, some of the guidance, i feel like, maybe this is purely anecdotal, i know you listen to a lot of calls, i feel like i heard the consumer is resilient a lot more than i heard that the consumer is weakening, you know what i mean? >> from you? i find this surprising. >> we're talking about the calls. >> oh. >> talking about all the conference calls. again and again, we heard it from the money center banks, from a lot of the big box

retailers already in the mall, including h lululemon and bloomingdale's.a victory for abortion rights advocates. the u.s. supreme court rejected a legal challenge to the abortion pill. but for press tone, the unanimous p% ruling preserves access to the widely used medication. for now, washington correspondent jessi turnure joins us live with the latest. good morning. jessi. good morning to as well, john. so both sides are saying this is still far from over since the ruling. >> was not about the safety of the medication itself, but rather whether abortion opponents have the legal right to sue. >> all 9 u.s. supreme court justices rejected a lawsuit seeking to restrict access to the abortion pill. mifepristone. but both sides of the debate say that's not the final word will continue to advocate for women's health. >> and to restore common sense. safeguards for abortion drugs. erin hawley with the alliance for defending freedom represented the plaintiifs. >> she argued against fda regulations that allow easy access to the drug, calling it dangerous. we're hop

they will join the big name retailers hanging in there and the mall, including h and i am lululemon.e's city hall officials say it's all part of the plan to help small businesses flourish. >> the deadly crash closed down all northbound lanes of the 8.80, near fremont boulevard in fremont. chp reporting the crash happened shortly after 9 or 10:00pm rather. officials say a 56 year-old man from newark was killed. the agency's incident report indicates that the collision involved at least 2 cars, including a tesla and has been taken into custody after an hours long standoff with police in san jose. this morning, police were attempting to serve a search warrant at a home on lantern way that is near and rupee hill high school. the man refused to come out and then barricaded himself inside. authorities believe that he was armed. tactical negotiators were able to get the man to come out peacefully. about an hour later and he was taken into custody. >> 2 advocacy groups are asking a judge to unseal court records in connection to the lawsuit over abuse. at the now shuttered dublin women's pris

they will join the big name retailers already in the mall, including h and m lululemon and bloomingdale's. the bear is expected to see a major economic boost over the next 2 years. next year's nba all-star game will be at chase center and in 2026. the super bowl and world cup for soccer will be at levi stadium, according to nonprofit group bay area host committee. those events are expected to bring in 1.4 billion dollars. they're also expected to attrtct about half a million visitors and create some 13,000 jobs. lot of shots. speaking of events, a daytime music festival will be in downtown san jose this weekend. the san jose foods taking over discovery meadows for a rave style event featuring a colorful list of local talent. they say this will be san jose's very first latin house music festival kron four's noelle bellow has more. >> this is like a out of this world bike experience and opportunity for me. >> bay area dj is smile. olague a better known as 96 vive is getting ready to showcase his talents and 5,000 people descend on discovery. meadows in downtown san jose saturday as it trans

they'll join the big name retailers already there in the mall, including h and lululemon and bloomingdale's. well in the south bay, san jose now hosting its first-ever latin house music festival this weekend will sounds like fun the festival takes over discovery beto in the downtown area. >> kron four's will tran live for us in san jose right now with a preview. good morning. will. >> the venue is going to have to be large because they expect thousands people to be in attendance. and here it is. discovery meadow. look how big the law is because they expect at least 5,000 people, maybe even more to come to downtown san jose to have a big party. and we're a little bit older speaking of myself and my camerawoman, the only us out as the timing could not be any better because it will take place in the afternoon because we all know if you're north of say 35 years old, don't invite me anything past 8 o'clock at night for this. it begins at 2 o'clock tomorrow afternoon and goes all the way and till 9 o'clock. so you could be in bad, maybe about 10 o'clock. perfect timing. the san jose police depart

well, thieves accused of stealing $10,000 worth of stuff from a lululemon in san mateo led police on say that when officers responded to hillsdale mall for retail theft, the suspects fled to san francisco in a white suv and in the city, officers attempted a traffic stop and the suspects then allegedly ran away. after abandoning the car. three of the suspects were caught selling the merchandise in the tenderloin. sfpd eventually arrested the fourth suspect. authorities say the vehicle they used in the theft was reported stolen. all four suspects were booked into san mateo county jail. well, we have been following the story for months now. and now a major milestone for the street vendors on san francisco's mission street. the city is letting some of them sell there again. abc seven news reporter luz pena shows you what changed their tents are set up, merchendise out, and now they have uniforms. >> these are the ten street vendors. san francisco is allowing back on mission street between 23rd and 24th streets. como vendedores we're recognized as street vendors. it's been a long process