but we really look forward to evaluating the results of the pilot. >> mark parker not giving a wholeetail on what this amazon rollout will look like but saying it will be limited and small. so painting it as more of an experiment i thought it was interesting what sam poser told us at the top of the hour, what they need to get out of this deal is that amazon should stop letting third parties sell nike in order to drive traffic to the nike store on amazon, then he said it could be potentially profitable and drive a lot of growth for nike but we're not there yet. >> nike wants to maintain tight control it has over what products appear where and when >> i think beyond that, on the current quarter, specifically the guidance for fiscal year 2018, this was the last quarter for their fiscal year 201, it was better than expected sort of, you know, this was battleground stock a lot of the bears felt the growth was lacking, they were not going to get it especially in north america while north america was not a bright spot in the report, they had enough to offset it. they had western europe, chi

jonathan: talk about the pressure mark parker is under.bout 31 times earnings. the nike, about 22. that is quite a big spread. what does mark parker need to do to close the spread? to in the lake the multiples, doesn't he? i'm not sure of the exact size of adidas, but nike is a $35 billion business that over the last three years has given away $3 billion from currency by itself, unfortunately. because of the strong dollar. but i think what nike does is put their brand first and fixes it. i think their patient. i don't think it is a problem. the issue is, adidas can grow their business 15% to 20% a year, so they are getting multiple offers that. nike gets back to the mid-to high single -- mid-single's, low double-digit revenue growth and they're going to get it back. they've had a little bit of a blip there. i think they're well aware of that. i think this is part of what they are doing here. david: sam, thank you for being with us, sam poser. and julian emanual of ubs has been with us. thank you both. if you have a bloomberg terminal, chec

amazon and nike it also reported fourth quarter profit and sales that beat expectations nike's ceo mark parker said they were looking to improve the consumer experience on amazon by improving the way the brand was presented. >>> old mutual asset management peter bain is stepping down. he's given up his roles as president, ceo effective immediately. james richie will serve as interim ceo. >>> this week has been about all central bankers speak. from mark carney's likely removal of stimulus to mario draghi's reflation replacing deflation. earlier we spoke to james bullard, co and president of the st. louis federal reserve bank, he argued the fed has been too hawkish in its recent communications >> i've got a flat rate path compared to the rest of the committee. my point has been that reaction to the march rate decision and then the follow up in june has not been that great in global financial markets, inflation expectations are down according to market measures the ten-year yield dripped down to, you know, 2.15, 2.10 now it's come back up in the last couple of days. we can talk about that but --

. >>> nike rallying in the after hours and mark parker just had something interest tog say about amazoncall >> confirming what we know that nike will directly sell on amazon trz. >> in the u.s., we're execute ing a new pilot with amazon with a limited nike product assortment as we do with all of our partners, we're looking for ways to improve the nike consumer experience on amazon by elevating the way the brand is presented and increasing the quality of product story telling. trz we're in the early stages. but we really look forward to evaluating the results of the pilot. >> this is a big deal because nike for a long time, resisted directly selling on amazon, but now em brays a change in consumer habits, which has moved on to the internet looks like they're back to their winning ways now showing sign of life in the previous three months with revenues slight hire than anticipated while emerging market sales were less than anticipated and also, we heard from nike just a few weeks ago, talking about right sizing their business they're going the cut around 2% of head count, so about 1,000 j

mark parker -- he's kind of a belichick figure in the business everyone assumes that kevin plank is theard charger, but parker is the wolf in sheep's clothing this is a very interesting announcement he won't stand for that stock price being where it is anymore. wow. nike. >> from the release, organizational streamlining will speed up the execution. >> those who remember -- read the best business book, "shoe dog" know that phil knight ran that company with seven misfits. i think parker has taken stock in saying we have too many people and that's -- china sells it very good. they have nike espn -- all the guys spent too much money on sports. >> yeah. >> i don't know about the payoff right now. i do know that i have never made a lot of money betting against nike nike has been a phenomenal -- phenomenal stock has not been a phenomenal stock lately and maybe this is going to -- two quarters from now impact how much money they'll make. really interesting. >> this new alignment they talk about specifically driving growth in 12 key cities. new york, london, beijing, shanghai, tokyo, berlin, som

. >> an a parker soul or probe is named after mark. astro says signature ufeej parker. named after living sign signature. >> it's greatly honored to be associated with heroic scientific space mission. >> nass is is kailing it a nation to touch the sop sk sketched for launch and summer of 20 18stein american fox news look bea z2cufz z16fz y2cufy y16fy (vo) with thousands of quality pre-owned vehicles... and exceptional customer service, head t to your neiborhood enterprise car sales and let the people who buy more vehicles than anyone... flip your thinking about buying your next one. >> national geographic is tryinging to build the world's do i bow worst for you 75,000 rules this cupp here is outside headquarters norm west and shared like a womanen once you get together. it imanywhere they will call about system but smrem engineering arts and math. >> as you can see a lot of these kids decorated their typeal fair well roles. not only getting wrathage engineering they were lea learning. >> something interesting extra wra wane we have cupp tour and if he alone he does the

it's one of those, should the cost tell you if you're in the mark parker not? if you are 2, 3, 4 or 5x, we him need to stop the meeting. and start over because that is an unacceptable answer. sen. sullivan: you think the audit process will help us have a much deeper understanding of why we have the processes to any observer, will that seem outrageous? mr. shanahan: i think, as i spend time on the audit, it is going to be where do we want to spend the money to make sure the data is accurate. and then how do we use that data to inform us on our cost him form and -- performance. there are things where it gives us the understanding of where we are inefficient. or in the case of acquisition, this should cost and relate to -- has really doing the qualitative analysis of when a similar ship, you can parametrically adjust anything, but what would a similar type of commercial vessel cost? the me turn to another issue we talked about lately. the pacific, which a number of us on the committee, the chairman and myself, have taken a lot of interest in. we need to get this r

here's what ceo mark parker said instead of that we're going to go to the white house where we have presidenthe official greeting with president moon. >> there's and that shake which everybody always watches >> going to start taking place at 10:30 i'm not sure we're going to get q and a but we'll find out and tonight we'll visit joint base andrews. >> biggest trade issue is going to be especially with all the talk that the president is leaning toward potentially tariffs on steel next week as i mentioned south korea is an important trade partner for us it's the 6th biggest behind germany and head to the u.k. we'll take a look at some of the m&a deals you might see in the second half of the year. in mergers and acquisitions since city is with us. 83 points to the upside. s&p 2424 jack knocked over a candlestick, onto the shag carpeting... ...and his pants ignited into flames, causing him to stop, drop and roll. luckily jack recently had geico help him with renters insurance. because all his belongings went up in flames. jack got full replacement and now has new pants he ordered from banana repu

. >> an a parker soul or probe is named after mark. astro says signature ufeej parker. named after living sign signature. >> it's greatly honored to be associated with heroic scientific space mission. >> nass is is kailing it a nation to touch the sop sk sketched for launch and summer of 20 18stein american fox news look made. >> vo: delivering cleaner, reliable energy... creating jobs for our veterans... helping those in need save money on their energy bills. it takes 16,000 dominion energy employees doing the job. and now, dominion energy is investing $15 billion to build and upgrade our electric and natural gas infrastructure... re building an economy that works for everyone and dominion energy is helping power the companies that power our economy. introducing fios gigabit connection. superfast internet at an incredible price. with speeds up to 940 megs. that's 20x faster than most people have. and, it's just $79.99 a month online for 1 year. and only $5 more per month for the second year. get fios gigabit connection for $79.99 with tv, hbo for 1 year and multi-room

i mean, that was like goldwater turning on nixon mark parker has been curiously silent and i think thisy because they have to redo everything to compete with adidas they woke up from their wrong slumber, rumpelstiltskin and nobody knows how do compete. >> he said that north america is likely to get worse before it gets better. >> that's exactly right. i'm looking to see if the real estate trusts that have been challenged are going up because they have the ability to have a new customer -- yeah simon property group that's right that that stock is up because they can take over -- if there's a sears, sears suddenly has the ability to be something. which is anything but. you know >> yeah. >> now, understand that whole foods initially -- people said wait a second, it's 400 plus stores what is he talking about, cramer that's not enough. kroger, ten times, no. they had a blueprint they were stymied because they had to please investors. they could not blow it out when i met with robb and mackie when they opened that beautiful brooklyn store they announced at my "mad money" that they were going

here's what nike's ceo mark parker had to say about the deal on nike's earnings call. >> in the u.s.,ilot with amazon, with a limited nike product assortment. as we do with all of our partners, we're looking for ways to improve the nike consumer experience on amazon, by elevating the way the brand is presented, and increasing the quality of product storytelling. we're in the early stages of really look forward to evaluating the results of the pilot. >> okay. and take a look at shares of nike up 6% in extended hours trading after that announcement was made we'll see where that opens this morning. we're also watching shares of blue apron on its first day of trading as a public company. that stock closed at $10 in line with the issue price shares reached an intraday high of about $11 during yesterday's session but still questions. lots of questions around that company and the competition in that space >>> morgan stanley ceo james gorman addressing yesterday's sell-off, and the bank stocks in an exclusive interview on cnbc he said thursday's big slide is no reason to panic >> if we have a

the giant rover is the brain child of the parker brothers, shannon and mark. two made their names in hollywood, designing and building movie props, most notably, the futuristic motorcycles in the movie "tron." >> so no doors on mars, you have to enter through the back. >> reporter: shannon the dirty work, putting together the event in less than five months. >> there is almost nothing in this vehicle that was not built in our shop. nothing was ordered out of a catalogue, we built the chassis, the frame, the interior, the seats, the glass, everything on this vehicle had to be built completely from scratch. >> some of this is for design, you know just for it to look cool. other things i thought it would be important to have. >> i'm being very delicate with it, but this is the speed you would end up going on mars. >> reporter: the inside of the rover seats four and drives like an suv. but there is also a mock lab in the back where the astronauts could possibly conduct experiments, some of it designed with exploration in mind. >> so we needed a good surface for the

>> reporter: the giant rover is the brain child of the parker brothers, shannon and mark.he two made their names in hollywood, designing and building movie props, most notab notab notable, the futuristic movie tron. shannon designed the rover, mark and his team did the dirty work, putting it together in at least five months. >> there was nothing in this that was not done in our shop, nothing was ordered out of a catalogue, we built the body, the chassis, the wheels, suspension, frame, interior, seats, glass, everythin hadg o completely from sctcas just for design you know, just f other things i thought you know this is kind of important t have. >> i'm being very delicate with would end up going on mars. rover seats four and drives like also a mock lab in possibly conduct experiments. some of the features were designed with exploration ineed a lot of he rock to climb over surface area so when we gote sa but it also had the really deep grooves in it, could go through >> reporter: the brother s consulted with astronauts when building the machine, but this vehicle will not go

parker, thank you for joining us. markre awaiting comments from president trump at the white house on the apprenticeship and workforce of tomorrow initiative. will bring you his comments live. this is bloomberg. ♪ >> he continues his brave fight. it has been much more difficult than people even thought of the time. heis in some trouble, played is a great fighter and will be ok, we hope. i visited steve and his family the hospital last night. i reassured them the entire country is pulling for them, praying for them, and that we are here for them every single step of the way. and we meanarts, this in the truest sense, sends it to love. there are a lot of parts in this country and they are sending their love and support to the scalise family. steve and his own way may have brought unity to our long divided country. that had a very divided country for many years. madee a feeling that steve a great sacrifice, but they could be some unity the brought to our country. let's hope so. while at the hospital i also visited with specia

mark -- with us? jonathan: much more on that interview. still with us, keith parker.hen people call you and talk about how negotiations are going to go with the year and the united kingdom, have -- with europe and the united kingdom, have those conversations changed? keith: they have. i think there was some degree of hope and we are talking about multiple parties where may is going to the unionist party and potentially other parties where it complicates negotiations. when you have one-to-one, it is quite a bit easier. when you have many to many, it opens up the range of possibilities. david: it is not good news in a negotiation. exactly. keith parker of barclays will stay with us. coming up, and inclusive reggie wu with apple -- coming up, an exclusive interview with apple's ceo tim cook. this is bloomberg. ♪ ♪ david: this is bloomberg. apple ceo tim cook confirmed for the first time the company is planning to enter the automotive market. it came in an exclusive interview with bloomberg's emily chang and in it, cook said the company is focusing exclusively on autonomo

>> reporter: the giant rover is the brainchild of the parker brothers, shannon and mark.mes in hollywood designing and building movie props. most notably, the futuristic motorcycle in the movie "tron." >> so no doors on mars, you have to enter through the back. >> right. >> reporter: shannon designed the rover. ark and his team did the dirty work, constructing the whole thing in less than five months. >> there is almost nothing on this vehicle that was not built in our shop. i mean, down to every little bracket and tab. nothing was ordered out of a catalog. we built the body, the chassis, the suspension, the wheels, the frame, the interior, the seats, the glass, everything on this vehicle had to be built completely from scratch. >> some of this is just for design, you know, just for it to look cool. other things i thought, you know, this is kind of important to have. >> i'm being very delicate with it, but this is the speed you would end up going on mars. >> reporter: the inside of the rover seats four and drives like an suv. but there's also a mock lab in the back where

mark herring, who's running for re-election.. lieutenant governor candidate justin fairfax.. and house of delegates candidate chris hurst. hurst's girlfriend, alison parker, was shot and killed while reporting live for a roanoke t-v station. new overnight - high heat well after the sundown. get this - it was nearly 100 degrees in phoenix at midnight! impacting travel flans. nearly 50 flights today out of sky harbor international airport have already been cancelled for today. smaller regional jets must be grounded when temperatures get above 118 degrees. but the hottest spot - death valley, where temperatures could reach 124 degrees! and speaking of flights - are you looking to fly but having a hard time finding affordable summer fares? now you can let google -- yes google -- do the work for you. consumer reporter john matarese shows the newest way to find a cheap flight, so you don't waste your money. you've heard of mighty mouse.. but one rat in new mighty mouse.. but one rat in new york city may give him a run for his money for strongest rodent. take a look at this.. that's a massive rat dragging a garbage bag more than double it's size across a sidewa

mark ) nasa is looking to go where none of its spacecrafts have gone before. the space agency plans to have a spacecraft heading there next year.( darya ) the space-craft called the "parkerxplore the sun's outermost atmosphere, also known as the corona. it will face heat and radiation like no other aircraft ever made.( mark ) researchers say the probe will help them better understand the sun and how stars work. it is scheduled to launch in the summer of 20-18. ( darya ) a bay area community on edge.. after a father is found stabbed to death in a park. hear from the victim's family who are pleading for his killer to be found. ( lydia ) breaking news from overnight... a police shooting in the east bay. i am live at the scene with the details.( james ) your bay area forecast is next. . . (mark) opening bell. (mark)(darya) lets start the half hour with a check of weather and traffic... (james)we're waking up on this first day of june to mild temperatures in the 50s and patchy clouds and fog. in fact, fog could be locally dense at times this morning, with patchy drizzle possible along the immediate no major hot spots. san mateo bridge nomajor issues. bay bridge wb 80 is less

american airlines ceo doug parker is not happy about qatar airways planning to take a 10% stake in his country. reaction at 7:30 a.m. eastern time >>> well, time flies today marksr anniversary of the brexit vote that sparked a reorganization of european -- >> been a year >> been a year >> shook up british leadership wilfred frost still depressed. he took a closer look at how it happened and what's next for the uk >> reporter: a year ago today the most historic vote and surprising result in europe for decades. >> uk voters backed an exit from the european union >> the british pound collapsed falling more than 10% as the results emerged. instantly trillions of dollars wiped off global stock markets the result led to prime minister david cameron's departure. he was replaced by theresa may who felt that -- >> brexit means brexit >> brexit means brexit >> brexit means brexit >> reporter: but with just a small majority it wasn't until march that theresa may finally invoked article 50 of the lisbon treaty thereby triggering the two-year exit process may then took an enormous gamble calling an election to try to increase her majority, with it strengthen her authority f