what gets into a michael kors? >> i think michael has always understood the modern american woman.that she can. he's less concerned about clothes wearing a woman. he wants the woman to wear the clothes. >> and it doesn't hurt that some of those women are celebrities, michelle obama in her first official portrait. actresses viola davis at this year's golden globes stand kate hudson on many occasions. >> when a woman puts something on stand her whole body changes and her energy changes stand her confidence changes, he feels like he's succeeded. and he really, really lives and breathes it. >> there are that lot of bold faced names in the world of michael kors. >> street blake lively wore this while she was pregnant, she wore it during the day and threw a grey hoodie over it. >> at that time his flagship store, he shows off the couture line. fabrics with prices to match. >> this is this dress must cost thousands of dollars? >> it does. but you'll have it forever. here is the crazy thing. we were talking about comfort before. okay. stretchy. >> you're kidding. >> stretchy. >> love it. >

. >>> and michael kors is on sale today, but is it a bargain? even my daughter doesn't like me to buy that stuff. i'm the taking you into the wall of cramerica. >>> and are old tech plays turning over new leafs? i'm blowing the dust off some old tickers, telling you if some of in the group are actually worth owning that you may have left for dead. stick with cramer! >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an e-mail to mad mon madmoney@cnbc.com or give us a call at 1-800-cnbc. miss something, head to "mad money"@cnbc.com. >>> something puzzling happened last year. even though hackers were in the headlines constantly with the democratic party leaking like a sieve, as the dnc got hit with one cyber attack after another, the actual cybersecurity stocks did very little. the cybersecurity complex is full of high-growth companies that are not yet profitable for the most part, and many of these stocks get ham terrified in the first couple of months of 2016 and spe

retailer michael kors out with earnings.reagan joins us to break down the quarter. >> good morning. watch for shares of kors to be under pressure this morning. posting $1.64 per share, beating con sensensus by a penny. revenue down from the year prior and shy of consensus. analyst wering look for a drop of 5.1%. fourth quarter and full-year earnings forecast falling short of analyst expectations. fourth quarter forecasting by the company to fall between 68 cents and 72 cents. comp sales are projected to fall in the low teens range for the full year. michael kors ce o, says the brand is disappointed with the north american and european sales performance and sees the headwinds that plagued the retailer in the quarter to continue through the spring season. no mention of the political changes here. kors is trying to rebuild its brand equity, re-establish itself as a high-end player by pulling back on promotions and the volume of bags it sells to department stores. it's also fighting the trend of smaller bags. that means smaller

to mo walk a michael kors show.shw.to her makingonh history there. back to you maureen and who. wh. >> she's a true trailblazer.ra i love that woman.hat woan >> pretty lady.>> prelady. >> uh-huh. >> coming up on fox5 news n morning a group of businessusins leaders asking the president prt to find another way to fund fnd his border wall.wal >> tech giant warns users of awa major data breach. bre. >> we're going to break. 5:19, 34 degrees.34 fox news morndeingg back afterkr this. >> ♪♪ >> ♪♪ >> ♪♪ :21 now and :21 now and in an overwhelming vote woinrkers a boeing's south carolina plantouh have c voted against unionizing. 74 percent of the 2800 workerskr voted against the idea. workers must wait another year a to vote again.again. the international associationcin of machinists union says it'sits disappointd by the decisionei but vowed to work with boeing be to move forward.forwd. the vote came just days afterte president trump visited the rollout of the first boeingbo dream liner from the aircraft workers' campus.cams. >>

but i think when you go over -- look, when you go over to cou e michael kors, it was bad everywhere. >> kors was rough. $1.64. revenue is a miss. they warn for the fiscal year -- >> they used the word disappointing. when a company says disappointed, you can't say, they're being negative. it is like, wow, it is disappointing. >> they chose that word. >> they chose the word disappointing. don't ever mention the mall either. >> if they had an opportunity, they would have chosen differently. clearly, they felt fenced? >> suboptimal. but disappointing -- >> are we in a kors/under armor economy or a hasbro? >> when i had the ceo of hasbro on, he was talking about being a entertainment company, not a mall-based company. anybody being part of the mall is being mauled. m-a-u-l. mall is pronounced like maul. murry christmas. so mall is being mauled. >> i'm with you. >> have you ever been to a mall? >> yes. >> when? 1963? >> i went to the mall in the last year. >> where? >> there's one up in westches r westchester. the westchester mall up 287. i went there. >> the old navy? the numbers were good

let's look at the losing side of the equation, michael kors down after they cut its forecast, we have seen a lot of troubles in the retail industry, particularly the company that tried to sell through department stores like michael kors, general motors had been higher and is now lower, the company profit margin contracted a bit last quarter and they said the border tax adjustment is too complicated and balkan materials coming out with earnings that missed estimates by a wide margin. finish by looking at other assets, the dollar strengthening for the second straight day in part because of concerns about what is going on in france, crude oil prices on the flipside are down and goal is that -- gold bouncing a third of 1%. what policies president trump will mean for investors, , heing us is ronald temple has $190 billion under management and an exclusive preview of their 2017 outlook which he will present today at their event. the key theme for you is deflation versus inflation, are we at a key inflection point now? , if weink we might be look at the cyclical indicators of what is happeni

general motors reports before the bell along with adm and michael kors.>> still to come on "worldwide exchange," the top stocks to watch including another ceo change at teva. first, as we head to break, the major currencies right now. some marked dollar strength. euro, yen, and pound all lower. back in a couple minutes. who's he? he's green money, for spending today. makes it easy to tell you apart. that, and i am better looking. i heard that. when it's time to get organized for retirement, it's time to get voya. at bp, we empower anyone to stop a job if something doesn't seem right, so everyone comes home safely. because safety is never being satisfied. and always working to be better. >>> good morning. welcome back to "worldwide exchange." a check in on the market action. the big mover this morning is the u.s. dollar. as you can see, marked moves to the upside for the dollar. the euro lower by 0.8%, as is the pound. the yen, as you can see, weaker by a half percent. big moves in the dollar. it comes amid a little bit of risk off sentiment yesterday. it

michael kors gave the guide yabls citing ongoing weakness in its north american market ask shares fell to 36.82. cardinal health missed expectations and said results were negatively impact by lower generic prices. it beat profit forecasts. shares finished up 2% at 77.76. >> the health insurer said an increase in membership, its immediate he indicated business had profits. it reaffirmed its guidance through the year. the shares were up to $26 even. and the company benefited from higher sales in china of its rerefrigeration. the company posted lower revenue but said it had sales guidance for the full year. emerson electric rose almost 4.5%. >> the trade deficit narrowed in december pr the prior month for 2016. it exceeded a half trill dollars, the highest level in four years xfl ports fell faster than imports, in part because of the strong dollar. the gap is what president trump wants to narrow as one of the ways to promote economic growth. >> what is allowed in as our sea ports. with cargo shipments, one of the biggest problem is what not to allow in. andrea day talked to federal invest

michael kors, sales fell a lot. demand in north america and in europe and look at it go down. that's a 11, 12% drop for michael kors. who is with us this tuesday morning, ashley, liz, mike, and there's obstruction and delay of everything, i would have thought that's bad for the markets. mike murphy, why has the market opened 60 points higher this morning? >> the trend is to the upside. you're correct, that's bad for market. they can obstruct only so long and they tried to obstruct people like rex tillerson to be appointed and we're getting it through regardless. they can only obstruct so long. if the earnings are behind the markets, it's going higher. stuart: we get over the obstruction? >> in the end of the republicans don't need democrats to do regulatory reform and tax reform either, which is big, with the questions around tax reform. we're going to get it done this year. >> okay, steve cortez come into this, please, why is the market up this morning when you've got all of this obstruction and delay going on? our

plus, michael kors is getting crushed. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. kors. >>> welcome back. shares of disney are volcano i'll following the earnings report. we're just minutes away from an it's exclusive interview with bob iger. we'll talk to him. plus, twitter taking on troels ahead of the earnings report. it will be enough to get investors in? next up, with all the details on this developing story. >> of course, trump has said multiple times that he wants to bring drug prices down but it has been a key question whether he means he actually wants medicare to negotiate drug prices. a reporter asked sean spicer about it. >> he is for it, yes. when you look at the cost, not just drug costs. the u.s. government has not done, you look at frankly, the easier way to look at is it what other countries have done. negotiating

michael kors and coach reportedly making it through to the second round of bidding for kate spade.arren says slowing sales could cause shares of harley davidson to decline. the customer base is shrinking and its international profitability haz been hurt by the strong dollar. and san pallo won't be -- said the deal won't enhance its growth prosspects. jenerali slipping 4%. >>> deutsche bank has cut its bonus pool by nearly 80%. in an interview with the germ ennewspaper, the chief administrative officer admits the cuts are tough for staff but the decision had been taken very consciously. deutsche bank hasn't paid the dividends in the past two years and reported a loss in the fourth quarter. the bank reached a $7.2 billion mergerer settlement with the justice department. could have been worse. still, employees feeling the pain. >> and the results of deutsche bank were disappointing. >>> samsung launching two new tablets. it's first devices since recalling its galaxy s 7. meanwhile, samsung postponed the presentation of the galaxy 8, which is set to be its key device next year. samsung

we miss in retail, michael kors is getting slammed. armour after another rough quarter. >> let's get to it. wapner is over at "post nine." >>> carl, thanks. welcome to the "halftime report." i'm scott wapner. we begin this hour with a cnbc exclusive. under armour founder and ceo kevin plank, his stock under fire since earnings disappointed. mr. plank joining me here at the new york stock exchange on what lies ahead for his company. kevin, it's good to see you again. >> great to see you, scott. >> this is the second quarter in a row that we've sat together following a big slide in your st

. >> freeby from michael kors. >> michael kors. >> yes. >> yes. >> must be nice. >> a little disruptioner of you to pack shaker rode in when he was shot is for sale for 1.5 million-dollar. >> an auction house called moments in time they put the car up for sale. knight was behind the wheel the night you to pack was in the passenger seat when the car was littered with bullets on the vegas strip. after 96 murder police impounded car, auctioned off, changed hands several times before finding its most recent own your and new that owner wants over a million-dollar. >> but interesting thing because i was watching tmz live yesterday, you know i love that show is that they have pretty much, covered all of the bullet holes except for one on the inside of the car by car door. they were like wouldn't it be more valuable, even though it is morbid if you left bullet holes in there. so much could be done. now it is almost brand new. i don't know. >> it is something riding, doing driving, looking over and hey, by the way, this ills the car, tupac was shot in. >> i wouldn't believe the person first if t

keeping ampany we are close eye on here is michael kors, off by 11% after the fashion house cut its outlook, with a flat market leaves people to wonder if they can continue the street. we will keep an eye on back. in terms of biotech, look at the index. sean spicer made a comment that the president is interested in negotiating prices. the sector remain down. let's take a look at the government bond market, starting and the u.s. 10 year two-year. not a lot of action. 2.4%.ed not a whole lot of action. and, greece. continued in passes on the bailout. tearhave been on a real lately. here is the longer-term chart that we are talking about before the break. you see the shoot up in november. since then, we have not only .talled, we have pulled back yields are down for the year. a lot of people thought they would go higher. scarlet: stuck in a range. and currencies, yesterday was a display of strength. today is about dollar recovery. the fed president signaling, don't count out of march -- a marginal increase. also, i want to highlight the british pound. official saysand the u.k. may need a rate i

talk about michael kors. what a disappointment. more evidence of the brick-and-mortar breakdown. shares broke down 11%. disappointing earnings. analysts asking whether or not kors will have to close stores. this comes on the heals very recently, macy's may look to sell itself. ralph lauren closing a bunch of stores throughout the country. it's a tough environment. i said this earlier to you guys. we're experiencing a global cultural shift the way we do our shopping. guys, back to you. melissa: lori, thank you. david: one reason why markets may be taking a little pause right now, comments like the following from republican house leader kevin mccarthy on "mornings with maria" earlier. take a listen. >> no, no, nothing is being pushed out. we have a 200-day plan. there is a structure and a method to this. we're moving on to repealing and replacing obamacare. that is moving this month and next month. then you go into tax reform. after you have done health care it changeses the baseline. you can expand where you do tax reform. david: a classic mealy-mouthed response on tax cuts from a

we miss in retail, michael kors is getting slammed. and under armour after another rough quarter. >> let's get to it. wapner is over at "post nine." >>> carl, thanks. welcome to the "halftime report." i'm scott wapner. we begin this hour with a cnbc exclusive. under armour founder and ceo kevin plank, his stock under fire since earnings disappointed. mr. plank joining me here at the new york stock exchange on what lies ahead for his company. kevin, it's good to see you again. >> great to see you, scott. >> this is the second quarter in a row that we've sat together following a big slide in your stock and investors seem to be questioning where your growth is going. >> yeah. >> what's happening? >> first of all, i think we need to control the narrative a bit. when people refer to the last earnings call we were for q3, plus 22 on the top line and plus 23 on the bottom line. we narrative we taught about is where we saw operating income. fourth quarter, great back to school. we felt good. what we've learned though and i think what we've see

and even things like michael kors, mattel, qualcomm, expedia. it ranges across industries.ou see general mills there. it's not just these companies, a full 28 companies in the s&p 500 have been losers since the election and again since the inauguration. >> and the aforementioned eric chemi is here. >> the question i have for traders is you look at 28 companies. we know about interest rates hurting the dividend plays but are these value trades to come or is the market rightly just saying forget these 28 companies, we got 472 to work with, we don't need these? that's my question for you guys. >> a lot of these companies it stands out they have company-specific issues. right? and so you want to make sure that you can -- >> very well known names on that list. show the wall again, guys, please. >> love hormel. ralph lauren i talked about. >> gilead, nordstrom, ralph, qualcomm, mattel, general mills, gap, under armour. >> they all have something in common. each of them have an issue. they're not just cheap because yields were going up and no one wanted the yield plays. >> you see

. >> sire model ashley grahamhleyh does something no other modelo has ever done at a michael michl kors 4:57 is the time and it is s 34 degrees. degrees. fox5 news morning back afterk tr this. >> ♪♪ >> ♪♪ z29kuz zstz y29kuy ysty >> ♪♪ morning.ornox5 news >> today on fox5 news morning,og a day without immigrants.mits thousands of immigrants arents being urged to stay home from fm work ton not make anyake purchases as a show of of solidarity and power againstagat the anti-immigrant waveantimmiga spreading across the country. c. >> and now let's take a livea li look outside.outside. it's cold. cold. it's a frigid thursdayigid morning. winter coming back reminding us all hey, it is still february people, don't forge htt about me. don't forget about us, either. e good morning to you. morning thanks for joi tning us, i'ms, maureen umeh.een umeh. >> and i'm holly morris.oris. today is thursday

actual dress, prada styled by kate young and right next to you, this is the at the golden globe, michael korsllow. people get so intimidated by the color and are not able to pull it off but if you look at natalie portman, she has pale skin and pregnant and rocking a bump and using a full covered gown to show off her best asset right now her baby bump and viola davis is very glam, very va va voom and is using the one shoulder dress to show off her asset, her arounds. >> we want to get this look and have a model. come on out. how can we rock this look, tiffany? >> so. >> this is rent a runway. >> rent a runway. viola is obviously wearing the sequin dress but you can achieve the same look by having a one shoulder. easy accessible. classic silhouette so you can get it anywhere. under $200 and makes such a statement. all you need is an earring or beautiful clutch and done. >> i love that. those earrings are incredible. really great look. we'll have more coming up and more oscar talk coming up next though how to make these looks work for you with your wardrobe every single day. stay with us. >>> "g

michael kors is one of them. stock down double digits. earnings missed. weak sales.ike a number of other retailers, particularly in the apparel space, just struggling so much lately. hope you caught some of our exclusive interview with under armour's ceo with kevin plank. talk about a stock that has really come back to earth over the last year. down 50%. kevin plank coming on today to give us an update on where his company is in terms of its growth trajectory. that was a decent interview. certainly from earlier on today. >> big under armour fan. even though the stock's come off the high. if you walk into one of those stores, the feel of those clothes, the people going in there, i bought a whole bunch for christmas. >> it's wildly popular. people love the company. people like kevin plank. people haven't liked the valuation of the stock and that's the main story. >> when you were talking about the stock decline, you pressed him on it. he kept emphasized the way the company is changing, people they're a being traing. i think he handled it very well given the price decli

there, the average woman out there who used to shop at coach and then she started shopping at michael korsrs ago knew the trend a year or two before wall street knew about it. and then when she stopped shopng at chael king ors and knew about the tre a couple years before wall street knew. what i'm trying to say is most people understand more about what drives the market because they are actually make it happen, but they don't have think confidence in themselves to act upon that information in part because wall street has spent the last hundred years telling us that we're dumb, you know? so we're intimidated. neil: you really have a peter lynch mindset, right? if you see a crowded parking lot, maybe look at the store that's doing that. >> my favorite tweet this week was me and my granddaughter on my shoulders, and she made my clients money again this week, carters. the kids' clothing company. neil: yeah. >> the stock is up almost 100 since she was born, and more recently we went and shopped for some clothes, and i really loved everything again, and i saw it, looked at it again, carters is u

according to reuters, michael kors and coach are still in contention as possible buyers. >>> he has beenbed the ceo whis p whisperer. billionaires have relied on his advice, as well as presidents. they're both here to give you some of the top financial advice and secrets straight ahead. stick around. the future of business in new york state is already in mion. mpanies across the state are growing the economy, with the help of the lowest taxes in decades, mpanies across the state are a talented wororce,y, and world-class innovaons. where the most advanced transportation is already en like inroute.urgh, and in corning, where the futu is materializing. let us help grow your company's tomorrow - today at esd.ny.gov we're drowning in information. where, in alof this, is the stuff that maers? e stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to pern, onhat matters to you. morgan snley. >>> hello, everybody. i'm sue herera. the pentagon delivering a preliminary

news lot of good coming out of michael kors.he head of generics leaving two months ago. this has now led to earnings downgrades. archer daniels midland down by 2.5%. execution.me poor on their trading debt. they cannot get the execution up to par.those of some of the names heading into the open. jonathan: the question out still has been asking is where's the vault? shown signsade has of cracking after the protectionist policy. it is the calm amongst the chaos. it has been two months since we have had a one full percentage point move on the s&p 500. matchingy tight ranges the longest streak of the current bull market. joining us now as jonathan golub . remarkably calm if you're looking at that chart right there. when you wake up and see that chart, does that make any difference in the way you see the markets? jonathan golub: to make a huge difference. if you were a trader, you would be looking at the vix rather than how long it has been since we had a 1% move, but when you have low volume, stock valuations go higher. i think this

as for the movers, we are looking at fossil and michael kors. you know?his macro chart. 6:20, what we have here are financialoomberg condition indexes. japan, the u.s., white, and the point to be made here is that when the central bank kicks in with stimulus, it helps these financial conditions. back here is when the federal reserve ended qe3 or qe infinity and we saw the conditions take a dive down, however we did have in and itthe ecb kick really seemed to be helping the u.s. financial conditions the most. but again that stimulus seemed to help financial conditions. that central bank, helping the real world, carolyn and david. david: thank you so much. for more now, we are bringing in paul quinsee. a lot of us are driven by financials, u.s. banks. is there still a ways to run their? paul: i think so, yes. in aggregate stock prices are only just getting back to where they were a decade ago and in the meantime you have had about 100% return on stocks in average. the valuations are still pretty interesting as well. running around 12, 13 times was sustainab

the company's main competitor as you know, michael kors, both names floated around as potential buyersback to you. maria: thank you so much, cheryl. mix a lender is of the federal reserve minutes. a rate hike could be coming at the next meeting in march. but to expect ahead for my sin stocks. winner, winner, chicken dinner. if you live in this day. we'll tell you which one. come right back in a moment. stay with us. with the help of the lowest taxes in decades, a talented workforce, and world-class innovations. like in plattsburgh, where the most advanced transportation is already en route. and in corning, where the future is materializing. let us help grow your company's tomorrow - today at esd.ny.gov this is one gorgeous truck. special edition. oh, did i say there's only one special edition? because, actually there's 5. aaaahh!! ooohh!! uh! holy mackerel. wow. nice. strength and style. which one's your favorite? come home with me! it's truck month! find your tag for an average total value over $11,000 on chevy silverado all star editions when you finance through gm financial. find ne

michael kors and coach second round of bidding for handbagmaker kate spade. as well outside the u.s. if you missed it last night's oscar awards ended awkwardly. warren beatty and faye dunaway came out on the stage to announce the winner of the best picture. the two announced "la la land" had won. then midway through the acceptance speech of the people from "la la land" producer stopped to announce there had been a mistake. host jimmy kimmel and beatty came out to reveal "moonlight" was the actual winner. apparently beatty was given the envelope of the best actress "la la land." here is beatty explaining what happened. >> i opened the envelope, and it said emma stone, "la la land." that's why i took such a long look at faye and at you. i wasn't trying to be funny. this is "moonlight," the best picture. >> it was the best picture. oscar finally sorted out "moonlight" took three awards total. so many different comments that come to mind here. becky, if i would have been up, i would have been watching to see what happened on "the walking dead." i would not have b

julie: we have more pain in retail being led down by michael moore's, shares down by -- kors,el corbatdling retail traffic. is one of the company relying on department stores as a channel, which has been feeling a lot of pain as well. tos did leave the door open m&a on a conference call. perry ellis replacing the cfo and that appears to be weighing on the shares. take a look at the bloomberg through the bloomberg intelligence tool -- looking at what happened at retail versus wholesale. retail ended up rising. it is really the pain in wholesale and the company gets about half of -- half and half of revenue from each source. selling step through other means, including department stores. we also got numbers from gap and i wanted to look at gap over the past 24 hours or so, basically the after hours session when the stock rose and then it fell as a got underway in regular trading. 3%uary comparable sales, up three for the fourth quarter, sales were flat. that is the first time it hasn't seen a decline since the fourth quarter of 2013. even though the company said fourth-quarter earnings ca