i'm here for the mary dillon turnaround, so i'll stay here, sad for a while. i think that we'll see next quarter how it goes. i think this is a combination read into the weakness of foot locker, the too much invenntory of foot locker and more broad discretionary spending being hindered. >> when you think about when they last gave guidance, march, things got worse between then and now, and then you start worrying about the consumer overall, foot locker specifically, but also more broadly in term of that sort of cadence to the quarter. >> i agree by the way, before the end of the show i want to do a would you rather on wilson versus phillips. >> are they two people >> they're three people, actually. >> if you can name the famous parents -- >> brian wilson. >> the famous other story in foot locker is nike. if you think about what foot locker i think really has to overcome is that nike relationship 70% of sales has to move karen's issues -- the inventory didn't get that much better. it went from 30% last quarter to 28% quarter, and then on a relative basis in this

much more on that stock including an interview with mary dillon the ceo shares of deere moving highershing estimates the farm equipment maker raising its outlook thanks to strong demand and shares of bloom energy rallied, hydrogen producer from overweight to neutral, did trim its price target but sees 45% upside on this stock from here nice reaction up 6.5%. we're counting down to jay powell's comments less than an hour from now. it will be important to listen to his tone because we've seen a market move this week. there's now more than 40% chance that june is a hike and i think the common thread from the fed speak lately is that june is a live meeting it doesn't mean they're going to raise rates. there's a new thing in the markets where people are talking about instead of pause, it may be a skip. they're leaning, they kind of want to pause and see the damage they've done, but maybe the fed speak is hinting at we skip and then we raise again in july because there is -- there is also a discernible difference in what we're hearing i think yesterday was a prime example where we got two m

we have mary dillon on tomorrow, foot locker ceo. dana telsey, thanks. >>> coming up after the break, companies like ge and j&j have turned to spinoffs to drive returns. we'll look at data that suggest retail investors might want to do the same. >>> cisco well off session lows after the company said product orders fell 23% in the third quarter. supply chain constraints a concern there but it was overall a beat stock up one-third of 1% we planned well for retirement, but i wish we had more cash. you think those two have any idea? that they can sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped thousands of people sell their policies for cash. even term policies. i can't believe they're just sitting up there! sitting on all this cash. if you own a life insurance policy of $100,000 or more, you can sell all or part of it to coventry. even a term policy. for cash, or a combination of cash and coverage, with no futu

i'm optimistic i know our customers will be with us and our grand brand partners as well >> mary dillon talking us through the numbers which are getting a rough reception on wall street. there had been high hopes for her and for foot locker, and we've seen some sharp swings in the stock before 20% upside on the last quarter clearly, and she said it, pushing out the time line for recovery she still sees some green shoots but a lot has to do with the unexpected weakness in the consumer they thought the consumer was going to come back after the weaker tack funds it didn't really come back the important point they're almost 50% exposed to low-income consumers, people under $50,000. >> what did you make of cramer's take this morning that she might just be clearing the decks the way she did in her early days at ulta >> she has set a precedent with her work at ulta and it very well could be the case it was a big hit to guidance there are issues like high inventory, do promotions, like the shrink and the consumer. no doubt it's a turnaround story, and the bar just got higher perhaps she's tryin

but you know, i'm relying on something that mary dillon told sara, and this is on foot locker, which was that the lower middle to middle was starting to get hurt that's why they weren't spending on, say, nikes deere talked about lawn mowers, the actual plain deere lawn mowers that are sold at home depot as really not doing well if you go to home depot, they talk about the do-it-yourself person is doing a little bit better but not good enough and i think target had good things to say about the quarter past, but the quarter that we're in now, they are concerned, even as they kept their estimates the same for the year. >> yeah. and mega cap tech, of course, which you bring up as well, you know, and it's mentioned in any number of these notes that we've reviewed this morning in terms of the broader market, whether it's mike wilson, whether it's savita at b of a, i mean, wilson, for his part says, listen, valuations aren't attractive, and it's not just the top 10 to 20 stocks that are expensive. he's say, you know, the fact is that the s&p median stocks, 18.3 times, and even when you take

because we think mary dillon turned around ulta beauty, it will be a long turn. we like 4% yield because they're paying in weight finally there's deere. we don't know how things are shaping up but we do know agriculture is fickle so it's best to keep your bat on your shoulder and wait for better, less dicey times that's a possibility i'm going to be drilling down on it because i do like the stock down here. the bottom line, i doubt we'll fix the debt crisis so steal yourself for what could be, yes, in deed, as per the 2011 playbook, another difficult week ahead of us. mandy in maryland. mandy. >> hi, jim how are you doing? love your show. >> i'm doing well, mandy i'm all fired up for mother's day. how about you? >> me too, thank you so much for taking my call >> of course. >> caller: i would like to also thank you and your crew for all you do on educating us. >> thank you. >> caller: the stock is bl is it a buy or should i -- this is estee lauder. this is a club name. we have made so much money in this but it turned into a disappointment this week i've been deali

if you recall, when mary dillon took over many years ago i started recommending it. then dave kimble came in they are doing a terrific job. by the way, i recommend people go, if you don't want to go to ulta beauty, and i do love their stores, go to a target you can see a lot of great products there you see what ulta beauty's doing. they are really making it so a lot of cosmetics that used to be very expensive are inexpensive let's go to mike in illinois mike >> caller: jimmy chill >> hey, mike, what's happening >> caller: long time, first time >> thank you what's going on? >> caller: i'd like to give a big boo-yah to my son hunter out there. my question to you is about devon energy i bought in when we talked about this about two years ago i rode the train all the way up to 75, cashed out some profit, been holding the rest. i was wondering should i buy a hold >> i don't want you to buy more. rick munk was on the show he did a terrific job and devon is a great company. we made a lot of money from it for the club however, the oil stocks are in retreat. they did not do w

he was distinguished from mary dillon from foot locker who i think kitchen synced, bathroom synced, atticment synced, because what i'm concerned about, it can't be good on that good on the dick's side of the street and that bad on the foot locker's side. dick's has a panoply of sporting goods. sporting goods we were supposed to be very weak. they were weak in the cpi. cpi referred to sporting goods being weak i struggle over how that index is calculated because the dick's numbers were quite good. that's the only one i think is really front and center good >> bj in line, comps missed a bit? >> i take that one down. i expect costco to miss, only because this is when costco decides we're going from club membership remember their value -- they want value and they want transactions everyone thinks they really want price. they don't want price. they want cardholders. they want -- you should trade up -- he should trade up from the white card to the black card. >> that chart right there, that's bj and costco is that what you would expect going into recession >> well, costco is driving prices down