this is michael kors, which has been holding up better from this peak.t is down about 60%, and now from its ipo it is down more than 20%. coaches falling more, it declines about 40%, but nonetheless it is interest ting the trajectory of these, now both lower in this market and betty. betty: for a while it seems that there was nothing that could stop those companies. thank you so much. now a look at the top stories on bloomberg terminal this afternoon. the dutch maker navigation software is exploring options that could lead to a sale. while the dutch firm is speaking to possible advisors there no formal process underway. there were two celestial events over the weekend. first there was a rare blue moon tool which is not blue, but indicates a second full moon during the same month. on sunday, in the wee hours morning, something unique. the international space station made a pit stop in front of the moon. and with 82 hundredths of a second. this is a picture of the , butnational space station it is orbiting about 300 miles above the surface of the moon. tha

. >> let' s talk about michael kors and ebay. ricky: michael kors is a classic today. people would pay any price in terms of that growth. and deceleration and no price they want to touch it at. we think it' with a ton of international growth potential. it has not overextended itself into outlet to damage the brand. it trades under 10 times p/e ratio with a significant amount of growth internationally. >> would you call this broken momentum? ricky: yes. s the point you made earlier. ricky: it' s growing slower than it was or was growing and now is declining. we have to believe that it is not broken lash broken -- broken-broken, and in this case, the brand is not damaged and there is still growth potential. >> you would buy a wonderful company at a fair price and a fair company at a wonderful price -- is that your philosophy? ricky: we would do both, but if i had to choose between price and quality of business, i would >> let' over the years, you have sometimes engaged in activism or friendly activism in terms of management doing the right thing or not doing the right th

with michael kors, we continue to be cautious on that brand. ubiquitous. the overdistribution fear is playing out. you have an overearning business operating marnlens were kors were 40% a couple of years ago. they're 26% currently but still coming down from these pretty high levels. >> what is astounding in the market caps of some of these companies is how they go up and down. you point out that kors and coach are worth half of what they were a couple of years ago. the question is whether you see m&a within the sector or weather an executive or just i need to get my lines right and i the create a huge amount of value. is covers a takeover target? >> we don't think so just given the record high operating margins for this business still. and the profile of michael kors the company is still very much in investment mode. even despite the fact that michael kors as a stellar balance sheet, we think even down here private equity activity is unlikely. we don't see strategic players. >> it sounds like you like athletic lee sure. you like lulu. can you ex

handbag sales were strong, that's something that michael kors desperately, not michael kors, but thatone needed desperately. i like it. as far as where the bb & t folks are. piper, i'm not on board with them. i know the rest of the desk is more on that side. but i like this on the kors side. >> the so the problem is that you're going to have negative comps per their guidance and higher expenses, that's a bad combination, that's called deleverage. when you want to own retail. you want to own retail when comps are going up, margins are going up and you've got operating leverage positively. to me it seems that even the though the stock has been hit so hard. it's going to take time. >> you're saying that -- coach -- >> i'm consistent. yeah i have said that, kors -- >> i was going to come back to you and say well you made a leap of faith so to speak on coach before. >> no, well again i guess you could say it's a leap of faith but i was excited about the new management team and the new product cycle and the whole ramp-up and the change of the products and the stores. this is different. they

plus shares of michael kors getting slammed today but we've got the analyst who says there's a 40% up side to the stock and the breakout could happen sooner than you think. we'll tell you what it is that has him so excite. we start off with our top story tonight and that is the steep sell-off in stocks today. crude the big culprit again closing down 4% in today's session. bond yields tumbling as investors seek safety. the question is is this the start of a summer swoon? these are levels in crude we have not seen since the financial crisis. is the market telling us something right now? >> the market is clearly -- there's major divergence. if you look at where the s&p is, in fact it closed down 30 bips. big deal. and in fact, to try to preach a lot of fear mongering right now is a dangerous thing to do. having said that, there's a lot of damage underneath the surface. there's a lot of stocks today. we talked about how we've been printing many new 52-week lows across the board. and commodity prices are telling you something. and clearly is this deflationary? absolutely. is this good for

tomorrow michael kors reports around 8:00 a.m. eastern time. so let's bring in the cnbc retail analyst to get the low down on which you should own. let's start with ralph lauren. do you think this is a good buy stacy? >> ralph lauren has plenty of issues and the first thing to look out for when they report today is their talk about the tourism hit. the europeans are no longer coming to new york and spending those luxury dollars because of currency fluctuates so i would be cautious here and number two they have big exposure in europe and they're talking about raising prices second half of this year so i would watch out for push back on the price increases. >> a challenging year for coach. down about 19 to 20% but growth coming in at 5 or 6% for the year. that left some investors a bit confused. >> yeah, that's a bit of a fuzzy map here. coach comps are down 19%. michael kors who is reporting tomorrow comps were probably down mid singles to high singles and coach is talking about their expectations for the handbag market this year. so you put tho

michael kors stock doing very well today. earnings beat estimates.ght quarter it fell less than analysts had expected. stacy, even with today's bump i checked right before the show. michael kors still the worst performing retail stock in the united states this year. is there any sign of a real turnaround of this company? >> there's not. i would take profits on today's gains. because if you look at the company, we're finally in negative comp period for kors. brand has fallen out of favor. they're talking about wholesale pressure. that's half of their business. that's just starting to decline. when these stores fall out of favor, a fashion story, operating margins down from mid 20s down to 20. we're not there yet. >> what happens here now that the best days are behind it potentially when it comes to things like comps. maybe the fashion edge is lost for now. >> in terms of comps, we've got negative comps declining growth compressing margins. that's not typically something we want to be invested in. on the fashion side there is a whole lot of sameness ou

they have had similar pullbacks to michael kors here to date. think both have opportunities in terms of productivity and for kate spade on the margin side. while kors is at much higher margins, kate spade is starting from a single digit margin level. we think they will continue to see not only market share gains but margin expansion opportunity from here. >> good to see you, joan. joan payson from barkclays. >>> keurig green mountain is down today. our own sarah eisen follows this company closely. even on vacation she is taking a moment to show us some insight. >> the quarter was a mess no matter how you look at it. a lot of people were disappointed with the forecast. they lowered their sales guidance for the third time after they reported a 26% drop in brewer and accessory sales. they expect a drop at sales for the year. next quarter, sales will drop in the low teens. wall street was looking for a gain next quarter. for many on the streets seeing this company and know the scope of the problem, they were floored by some of the down grades. the c

you talk about michael kors. i think michael kors has done well vis-a-vis coach. also say that michael kors share price has even been more decimated year to date than coach's, last time i looked. so i'm looking at it on kind of an enterprise value to ebitda, operating income, and try to figure out what those free cash flows are worth to maybe a private equity buyer. >> this morning i asked warren buffett on "squawk box" if he was investing in oil and gas companies. he really said not yet, although the deal he made, they're about 15% of the revenue coming from the oil and gas industry. i see here that you've been buying shares of patterson uti, a drilling rig company, down 47% over 12 months, 19% over the last three months. are you making a call and saying you think the bottom might be in for many of these oil names or is this a specific one-off investment case? >> you know, brian, i think you ld made an interesting comment about the morning show looking back to the '70s on on inflation adjusted price. i think you said $48. >> going through my math month by month f

more to pete's point with michael kors, go ahead and buy it. look at american express, i think their business model could be flood. visa, mastercard, the cost of using american express, every penny counts right now and i think more businesses are shying away from them. i'm a little concerned for american express. >> bad news for you in your portfolio. >> you're looking for me to make a trade, aren't you? >> no, i'm not. i'm just saying. joe. >> it's interesting the way you look at this, i was talking to stephanie before the show about this. someone like stephanie is looking at the market saying i've got to buy something here. coming from the background of the futures market you're always afraid of what can happen. i saw sugar go to one tick. i saw natural gas go from 5 to 25. when i look at names, monsanto comes to mind, down 13%. >> why would you put yourself in the down the least? why wouldn't you look at what's the best company that's down that's the best opportunity? >> because i look at a company down 30%. it could be fundamentally a great

luxury stocks being hit mike coach, tiffany, and michael k s kors.spade fell more than 40 % in the last year alone despite strong sales numbers in the most recent quarter. i had a chance to sit down with the ceo of kate spade and i asked about the expansion of new products for children and home and other lifestyle products but given all the other volatility, we had to start with china. >> in china, where we've -- we're still developing that business, we feel really good. still seeing dig strong double digit comps in that marketplace, and we're only at the tip of the iceberg there. >> to so the global slow down that everyone is worried about, are you saying you're not seeing it really in your geographical spots? >> what's great about our business is we have a diverse business model. it's diverse across two real ax axes. one is product categories. we have a full lifestyle brand with many categories. over a dozen categories of products, but also in terms of geographies. as a business in 27 regions around the world, that helps us whether changes in certa

. >> michael kors. reports on thursday. man, what's going on with that company? they expand too fast? now they got to discount a lot? are the missteps fixable? >> when we saw coach go public back in 2000, they set off the time-table of double-digit same-store sales in handbags. michael kors comes along, could it be, you got so big so fast, at the same time the sector was slowing down. does it come back? typically it takes three or four quarters to stabilize. >> is that what you think is going to happen with kors? three or four quarters? >> i thought you were going to say three or four years. >> you go against negative comps, you're going to cycle those, you're going to need new products, whether it's the men's category, hopefully some improvement in the jewelry business, which has been working for them, you'll see that. but we have new internets coming into handbags and it will make every handbag company focus on innovation. >> coach, 15% of their stores have been remodeled. we got good results from those remodels. is there a chance they may speed up that remodel

. >> shares of michael kors surges on an earnings beat and that's where we begin tonight's earning focus. estimates on both the top and bottom line, its full-year guidance did come above expectations and shares went up to 43.77. brinker international disappointed quarterlies because of weaker sales. shares off 5% to 56.48. and molson sales were not so bubbly. higher margin beers did help the firm's results. shares were up almost 5% to 73.65. meanwhile, shares of generac went the other way after the earnings and revenue came in well below estimates. they claimed a miss on a record low level of power outages. the stock was off 14% to 29.10. >> "the new york times" saw its earnings rise nearly 80% after it cut operating costs. the revenue was off because of weak advertisement sales. that sent shares down 3% to $12.80. costco reporting same-store sales flat in july but that's better than what wall street was expecting from the wholesaler. shares were off slightly to 146 to 144. ibm is buying merge health care in a deal worth $1 billion. the firm will combine with big blue's new health analyt

michael kors is out with earnings on thursday, coach tomorrow. being cut by piper jaffray and coaches being downgraded a jpmorgan ahead of those earnings. in the case of jpmorgan, she sees inventory building at places like macy's and dillards not a good sign, and also the watch business not doing well in the u.s. and a spokesman at home -- at coach said a handbag inspection overcame problems the last few months. they have done this whole product revamp that maybe customers do not realize. stephanie: a product revamp, but they have saturated the market so much you are just in a sea of product. thank you so much, julie hyman. since eric has not been here for a while, you miss my favorite picture while you were out, which is my man erik. i hope you saw it, the empire state building. images of endangered species including cecil the lion, were projected onto the side of the empire state building along with the tiger, eagle, and whale. the images covered 33 floors of the building and could be seen for miles away. i was not a new york city, but thanks t

plus shares of michael kors getting slammed today but we've got the analyst who says there's a 40% uptock and the breakout could happen sooner than you think. we'll tell you what it is that has him so excite. we start off with our top story tonight and that is the steep sell-off in stocks today. crude the big culprit again closing down 4% in today's session. bond yields tumbling as investors seek safety. the question is is this the start of a summer swoon? these are levels in crude we have not seen since the financial crisis. is the market telling us something right now? >> the market is clearly -- there's major divergence. if you

is going the other direction on earnings today, one that we did not have high expectations for, michael korsfirst-quarter expectations topping analyst estimates thanks to international business. shares getting a boost of 12%. netflix is trading at a record again today, at least on a closing base. 4%, and i guess we don't have time for my last chart. netflix is up a lot for the year to date. other media stocks are getting slammed for the second day in a row, trading lower. that is something that we will take a right now with paul sweeney of bloomberg intelligence. this mini meltdown. disney is leading the pack down, another 3.9%. comcast, time warner, cbs, the list goes on. we were talking about this earlier, have we seen peak media? >> for the short-term, i think we have. there has been a concern about what does the bundle mean now? people are getting more con tent outside of the traditional bundle. what does that mean for the viacom's of the world which have been successful for so long? is underusiness model pressure, everyone in that ecosystem is under risk. particularly with the espn numb

we talked about this talk yesterday, and michael kors. coach is out. numbers were better than analysts had as made it. they weren't rates. the company earnings to come out better than estimated. sales down 19%. analysts were looking for a drop of 21%. the ceo saying the new product coach has come out is resonated with customers. take a look at the bloomberg terminal. we have seen these big declines. if that's not updated with the latest number, but seeing a little bit of slowing of declines. last order at 23% drop in sales. this quarter 19%. the trend a little bit better. talking about the trend that cvs as well. narrowing the full-year earnings for fast, bringing down the top end of the or cast. lowing.ales growth retail sales up 2.2% of the rising 2.9% in the first quarter. we just looked at coach. numbers.ooked at its cvs on a look at yes -- comparable sales basis. we saw an improvement. you can see the slowdown in growth we have seen down to happen percent increase in the most recent order. as we talk about this up-and-down story in the market's da

tiffany's and michael kors have the diversity globally and we are a mentality in this country where weill spend a little. a littlea little luxury. >> you know what's interesting. home depot raised its outlook twice. home depot was not in correction territory. some chance to make some green with some of the stocks. >> i think there are pockets of opportunity. you mentioned home depot. one of the reasons is that interest rates are staying extremely low but that is because global growth is so pathetic. i don't want to get too excited. good for that particular company come probably. i am on the whole long-term pessimistic. are they're opportunities? i think so. staples, a. staples, a group the benefits from the commodity plunge its consumer staples, the processors of food represented in the xlp etf. a massive range on the day testing in october 2014 lows down at 44 enclosed well. in terms of being defensive, domestic, dividends, that's where you want to be. >> to his., we are going to probably get a 3.2 percent read. that's pretty okay. >> the market has pressure. apressure. a tremendous a

best buy, netflix and michael kors all leading the as the 500 higher.es estoril average adding more than 2% right now. olivia: it certainly looks like a bit of a relief rally since we saw the biggest two-day drop in the drop -- drop in the dow. that is bad news for treasuries. yields are creeping up -- the yield on the 10 year note of

best buy, netflix and michael kors all leading the as the 500 higher. the dow jones estoril average adding more than 2% right now. olivia: it certainly looks like a bit of a relief rally since we saw the biggest two-day drop in the drop -- drop in the dow. that is bad news for treasuries. yields are creeping up -- the --.d on the 10 year note of oil finally catching a bid thomas still below $40 a barrel, a bit least we are seeing of respite to the commodities. pimm: the dollar gaining in value and stocks moving higher. economic eta out this morning -- new homes sales theng in july, a sign market is continuing to grow. seasonally to a adjusted rate of 500-7000, the biggest gain this year. sales account for about 10% of the overall home purchase market. americans are growing more optimistic about the state of the economy. the consumer confidence index came in higher than expected. those with the higher incomes were more confident. those 35 are more optimistic than those of the five and older. pimm: shares of best buy beating after sales analyst estimates.

hurt people in china who have to pay for imported goods or does it hurt company like burglary, michael korspeople who sell electric products into china? have currency moves, there are always two sides to it. importers -- a gets more expensive for them. there are importers that benefit on a net basis. you tend to think it is something positive for the economy, but that is the trick in china. if this creates a sentiment shift where it creates a lot of capital flight, people will not want to hold this currency because they think they can be more safe and dollars. that could actually be negative to the economy. betty: how is that not already happened though? we have so much outflow coming out of china. jens: we've had a couple of quarters were maybe 150 billion was coming out, but they accumulate several children trillion worth of reserves. if this takes hold, we will see more than we have already. pimm: what effect does this have on other asian trading partners? jens: it depends on if it is a trend or one-off. if it is a trend, china will be catching up with other economies. to the dollar. jen

as for earnings michael kors and viacom report before the opening bell and monster beverage nuance communication zinga. >> donald trump will be at center stage and potentially take fire as he and his republican presidential rivals take part in the first debate tonight. trump, jeb bush scott walker and six others will square off at 9:00 p.m. eastern. the primetime event offers americans their first look at the major candidates with six months to go before iowa holds the first nominating contest. seven other candidates that didn't make the cut will hold a separate debate at 5:00 p.m. eastern. >> all of the u.s. presidential candidates may be breathing a sigh of relief as john stewart prepares to host the daily show for the final time. in the 16 year with stewart at the helm the daily show is known for its political satire. it won the emmy for outstanding variety, musical or comedy series ten straight times from 2003 to 2012. >> which are you most excited about watching tonight? john stewart's last daily show or the gop debate? people have been tweeting in throughout the show. jason says he'll be w

you don't have to look further down the tlois see a michael kors, even a crm, which has earnings laterthe week. >> they do, so does intuit. you can look at see lenovo hitting new 52-week lows. on the flip side, adobe, minimal china exposure, hit a new 52-week high earlier in the session. >>> a few retailers, we mentioned depot, tjx again minimal international exposure working after comps come in 6 versus a 3% estimate and housing has been a good story all day long. decent housing starts. single family homes, best since 2007. pulte, lennar, dr horton managing to hold it together. >> the u.s., all about the u.s. those who have strong u.s. exposure and running efficiently. that was walmart's problem, seem to be doing well. >>> a busy afternoon session still ahead. let's get back to headquarters and scott wopner with the "halftime report." >>> welcome to the halftime show. joe terranova sheer with, stephanie link, josh brown and pete najarian. media money, why one wall street firm is getting downbeat on big-name stocks, our experts debate the call of the tray. trader joe hoping to move up

michael kors bucking the down trend beating the top and bottom lines and weaker than expected outlook but a much better report than expected, karen? >> i didn't take it as weaker than expected outlook. maybe people do. i thought, you know, there was a ton of pessimism going into the announcement and things not as bad as people thought but okay relative to coach, relative to kate, ralph, but people say kors, the brand, it's a coach. you know, so no touch. at this pace, it is 60% cheaper than coach on eps basis, 60% cheaper, so i would rather own kors today after the move than yesterday before the earnings wondering if there would be a big miss because it was up $4 today, i don't think should have been here in the first place. they are aggressive with the buy back. they are, i think, as good operator as any of these others and yet, the valuation is low. i understand there is a knock on the brand but is there any point where someone would buy it? yeah, i would buy it here. >> that's an excellent point for the stock. when you look technically, back to 2012 levels with consolidation and br

netflix up 5%, michael kors up 4%. are you buying those names? what are you nibbling at here?> no. that is not something we would purchase. we looked around at higher dividend players. some of the telecom players, verizon. you could purchase 10%, 5% cheaper today than a few days ago. that is a company not going away. it doesn't have a lot of foreign exposure and a big dividend and we consider safe. on the flip side, a little bit of higher beta trade, if you will, we have purchase puts on volatility because we think a three standard deviation move on the vix is probably not sustainable longer term. >> what maturity of those puts? are you betting on it going away tomorrow? >> no let's say october. that is something we think is sane. >> jeremy, thanks for joining us. jeremy hill. about six minutes to go in this session. potentially another historic one shaping up as the dow is now down 60 points. if we close negative, the reason that's significant is we haven't seen a negative close after a sharp gain like we had this morning since october 2008. y shd years of citi history matter

top gainer best buy, netflix, michael kors and starbucks another one people are buying. a lot of the names people know and follow so heavily on cnbc and on the web, under armour, a lot of questions about valuation, perhaps less after the selloff, and amazon. in the meantime let's get you caught up on some of the stock headlines, other stock headlines you might have missed. shoe retail er dsw down down today after missing analyst targets. the company says it remained confident about its outlook. alibaba shares dipping lower after yesterday's selloff. shares fell to 69 and alibaba ipo'd at $68 a share and coming up to that anniversary quite soon and boeing is boosting its forecast for aircraft demand in china over the next 20 years by 5%, estimating more than 6,300 aircraft will be purchased, melissa, during that period. it's very similar to the sort of statement you got from apple's ceo, though perhaps not quite as timely. >> exactly. speaking of apple making a comeback from yesterday's slide. the stock is up almost 4% right now. it is the biggest winner in the dow. gene

some of those names include viacom, michael kors, wynn. so retail stocks, the ones getting hit perhaps hardest especially in today's trade, mandy. back over to you. >> thank you for that. the worst week of 2015 for the major averages. where the dow the closest to correction territory, down over 9% from its may all-time high sitting at 16,640 as we speak. the s&p also falling pe below that 2000 mark. 2004 with supporters crashed through that. the next stock is possibly 1980 according to technicians. the nasdaq have its worst week since 2011. the russell small cap already in correction territory. oil dropping below $40 a barrel. now slightly above. as for individual stocks, sketchers down after a three for one stock split. the shares are up more than 140% in the past year. and deere tumble after reporting a 40% cut in its profit. you can see what people are feeling about that. it is currently down by over 8%. ty? >> let's take a look at the tech wreck, the sector tracking for its second worst week of the year. 35% of the tech stocks now in b

in the case of michael kors, the shares have been declining shedding more than 54% from the most recentbut down 5 % in the last two sessions. fossil shares also down 2.5% in the last two sessions but 50% since the most recent report. coach down 33% from 5 2-week high. not everyone is in correction territory. among the better performers if we can call it that, dollar general, tjx and game stop. as we've been talking about for some time, retail has been and continues to be a stock picker's mark market. not every stock is down as its neighbor but there are some commonalities you can find when you dig into the details. >> enand it looks like consumer discretionary barely positive. we'll have much more on that market selloff with the dow down 377 points. is s&p down 2.5%. the nasdaq down 2b .4 %. ♪ no student's ever been the king of the campus on day one. but you're armed with a roomy new jansport backpack, a powerful new dell 2-in-1 laptop, and durable new stellar notebooks, so you're walking the halls with varsity level swagger. that's what we call that new gear feeling. you left this on t

if you want to know if panera, michael kors, or chipotle will miss next quarter, tracking their advertising help. it's now being done, it tracks brands and sells that information to hedge funds. this new ad tracking software is like legal insider trading. that's raising some eyebrows across wall street. now joining us is todd krizelman. are you enabling insider trading? >> absolutely not. but i do think the things we're showing do allow you to really see how a company is performing. >> right. what you're doing, as novel as i understand it, is being able to track more than 3 millionrands as what you initially began as a realtime advertising tracking platform that a friend of yours who worked at a hedge fund said, hey, we'd love to have access to this company, we could find out if companies have to do more advertising to meet their numbers. >> media radar was worked to help media companies. but just as you said, we had some people who approached us who said, you know what, you can start using that information to predict if a company, are they going to meet their numbers? and if they start spe

. >> michael kors. you have double slam now hitting the stock today. it is not reacting negatively. good thing for the name. jp morgan downgrading it following yesterday's stock jump. the target is at $38. stock is at $44. so more than 10% below the current price. they're concerned about the wholesale business not being reflected in the stock price yet. piper jaffray downgrading to underweight. infe effectively a sell. >> they gained 10% in yesterday's session. coach gaining a lot. ubs upgrading coach. meantime, we don't like to throw around the word carnage. carnage is an appropriate word for sunedison. the stock is more than half of the recent high on july 20th when they announced the acquisition. credit suisse trying to defend the stock. obviously, there is something going on here. it's falling out of favor really quick. this is almost a lows to have day's session. yesterday it was down 25%. >> speaking of price targets, right now the average target of the eight analysts who cover it is $35. 120% higher than where the stock is right now. i suspect we're going to see your famous s

people are by michael kors bags, a lot of the things made these authors.ot of discounts. i was watching not up well. >> yeah, that is true. coming up, another crackdown on uber. drivers arrested in hong kong. jack king joining us in the next hour. he is a general. he will react to the e-mail server scandal. ...that sound go? ...that sound go? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. will you be a sound sleeper, or a mouth breather. well, put on a breathe right strip and instantly open your nose up to 38% more than allergy medicines alone. so you can breathe and sleep. shut your mouth and sleep right. breathe right. can a a subconscious. mind? a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive? >> china steps in for a second day devaluing currency again in the stocks here take a hit. the dow was down 283-point in 10 trading days. the nasdaq down 79 and the

>> coach, kate spade, michael kors, all suffering through that handbag turn down. >> it's hard when you see 12-year-olds carrying around some of those bags too. it got so popular. it was the yogi bearism. place is way too crowded. nobody goes there anymore. let's talk about sprint. the latest wireless carrier to ditch the 2-year contract. they're offering a lease option and will move to that model by the end of the year. also a new iphone forever program that start with $22 a month plus the monthly service fee which is around $60. that will let customers upgrade to the latest iphone each year as soon as possible. stock jumping on this announcement. it's up about 15 cents but traded from around $3. up significantly on this news. sprint ceo will be joining us on squawk box coming up in about an hour's time at the top of the 7:00 a.m. eastern time. we'll also be asking him about his twitter war with t-mobile. a lot of people have gotten involved with it. but here's some of the things. straight outta bs. it's a play on the movie straight out of compton. they had a twitter feud after he crit

michael kors, united rent also. whole foods, biogen. trip adviser. hp. has seen its fair share going down in that bear market territory 20% or worse. one nor thing i want to show you, interesting as well. you look at these things globally speaking, the overall markets in bear market territory i mean broad countries benchmark wise, china, greece, saudi arabia, board of trade, indonesia, nigeria, a lot are leveraged to the price of oil. we know as oil prices go down. these guys will go down with it. here's the interesting part, joe, germany, becky mentioned how bad they are. france, all that stuff. germany is now flirting with or right near bear market territory for that dax index, the main benchmark there. it's not the oil providing companies, it's developed markets in europe as well feeling all this kind of pain. back over to you. >> i know that you shouldn't get bad at the weatherman when he, you know, says the weather is horrible. but did you know what kind of report you just did? were you looking at those numbers? am i supposed to not associate you wi

michael kors is coming out. >> it's one of the hottest along with health care. >> up 11% on the year.ectations are high going into the quarter. we have a couple of early retail reporters, coach, ralph lauren, kate spade all did better than expected. >> the bar was low. >> the bar was very low. i look forward to when we get into the heart of things when home depot and lows will be two big names coming out. not until about mid august. but those guys should do well because within retail sales, numbers have been disappointing but there have been bright spots and it's been the home funnishing. the home retailers. also online we saw am is on kill it this quarter. >> good to have you on. we really appreciate it. >> thank you so much. >> coming up has the southwest fully recovered from the housing cris crisis? the ceo of taylor morrison will give us a reality check on real estate when squawk box comes back. what if there were only one kind of dog? then it would be easy to know everything about that one breed. but in fact, there are over three hundred breeds of dogs. because no one can be an e

i know we are going to get michael cores and coach out with kors and coach out this week. ,im: look atgroup retail is the best performer and to date, about 17% up, the best performer since late july. a lot of that is attributable to netflix and amazon. julie: not the traditional retailers. jim: that is right. in the srt, they are equal weighted. netflix and amazon have a slightly less positive impact because of the retailers have the same weight. the 31 components, 20 still have to report. this is trading saying the group is doing well overall because of two stocks. we think it could broaden out to these other retailers over the next couple of weeks. julie: what is the trade? jim: we want to go out to december. we want to buy the 110. it costs about two dollars $.80. -- $2.80. about 12% or 13% higher over the next couple of months. jim: -- julie: thank you, jim. don't go anywhere. ♪ .imm: good day welcome to the bloomberg market day. we get a preview of the new regulations for power plants. jeb bush and scott walker and other republican candidates joined to answer questions. look at wh