let's bring in mark tepper we talk about record highs, earnings estimates i want to ask you, trade mattersmatters to a lot of companies no doubt that you own. as a fund manager, if we get great break through from the weekend meeting, is that the all clear to buy more stock? >> absolutely. right now without a trade deal there's no way companies will hit their earnings expectations on the back half of this year. the street still expecting double digit earnings growth in the second half of 2019. quite frankly there's no way that happens if we're engaged in a trade war and there's tariffs in place ceos have no visibility to execute on plans if there's a trade deal, that would certainly help without the trade deal, earnings estimates will come down that's going to exert downward pressure on stocks we want to see some progress on the trade front. however i think trump also wants to make sure he gets both a rate cut and a trade deal so he has to be strategic about it >> that, to me, is the really fascinating story line this market is so beholden to our fed. we hear it every day on cnbc if we get

into digital marketing where the entire advertising business is headed so we like that. >> and mark teppersume that adobe and salesforce.com you own in your funds? >> yes, we do. >> good stuff. your other picker was palo alto. thank you. see you soon >> all right >>> time for your morning rbi. earlier we asked you a question. can you name the hottest economy in europe? well, let's answer it. randomly and interestingly it's an economy nobody ever talks about. it is poland that's right poland is booming. if you're not paying attention gdp growth is around 5%. unemployment is well below 4%. in fact, the biggest problem in poland right now not enough workers they simply cannot fill the jobs now, if you want to invest in poland, of course there is an etf for it it is the epole. which decide being up right now is down 5% in a year even in a booming economy. we're going to give you a bonus rbi because it's friday. the worst economy in europe is italy. it is the only one out of all 28 eurozone economic nations that shrunk from last year. beautiful country, great people. but awful economy. >>> all

mark tepper stepping down to the plate for the one name and we'll be here to explain why, live from times square two minute away >>> welcome back to "fast money. check out shares of lulu lemon soaring in the after hours and sarah eisen covers all things at leisure and she's been covering things at the new york stock exchange hi, sara >> the star of this report is 16% com store sales growth, well above expectations what drove it? ceo calvin mcdonald just said mens continues to be a strong place in this business listen >> within the men's business, comps grew 26% with ongoing strength in both tops and bottoms. the business was led by our abc franchise and three core short styles the main driver continues to be our core categories across both men's and women's, however, we've identified several areas of what space where we can test the waters and bring innovation to our guests? besides men's it was a story of international strength e-commerce strength continues to be double digits and that white space includes the new self-care products, shampoos and deodorants that lululemon is getting into

crushed today after disappointing earnings, which is dragging on the whole sector bill baruch and mark tepperbill, looks like a bear market in cereal here is this something you would fight or try to essentially, you know, say no thanks to these consumer staple stocks >>. >> general mills is going through hurdles. i don't think it's indicative of the entire sector. look at this chart going back to 2017 you can see a divergence between gis and the xl peak massively. what i'm looking at, general mills, more health-conscious consumer and healthier more natural options weighing on their sales. not too much of a higher price point. but i still love xlp love this sector the global growth is not really that great right now and i think that favors the defensive sector overall, the chart looks really well too and you can see on the chart, it did break out earlier this year and retested the breakout. so i think you have a great floor at xlp at 55 also the replacement i'm long for 55 until it breaks down below there >> all right and mark, it's a good reminder that the consumer staples sector is not just