nate jones... lines things up... checks his fidelity app... looks to outside analysts to get a second opinion. nate likes what he sees... and he places the trade... talk about easier investing. >>> all right, what do we make of the numbers tonight from levi strauss. tonight, levis reported a minor sales miss with a 2% earnings beat off of the 31% basis. they did cut their full-year revenue forecast, even though they believe their earnings will come from the previous year's guidance. we look at the quarter in an entirety. asian america is weaker. direct consumer business is doing great. up 10%. we need more clarity, in short. let's go straight to the source. president and ceo of levi strauss company, we know more about the quarter and missed costs. will come back to mad money. >> thank you for having me here. >> michelle, myself, like many people, are trying to parse these things. wow, dtc is on fire. then we worry about wholesale. how do we make -- that was just delivered? >> you bet. first, let me share the numbers. when we look at a business on an ingested -- adjusted basis, our bus

nate jones... lines things up... checks his fidelity app... looks to outside analysts to get a second opinion. nate likes what he sees... and he places the trade... talk about easier investing. >>> welcome back, friday's block buster jobs report has forecasters more updbeat about the economic's outlook. steve liesman has more about the rapid outlook. what do we know? >> i want to pick up on your last conversation about the hurricane. the double hits of hurricane helene and possibility milton could have significant impacts over the next three to six months. we'll be watching them. overall, the cnbc wrap it up showing that the recession that never was looks efficiently called off with forecasters boosting their growth outlook in the wake of the strong jobs report and a series of recent economic up sides, surprisingly. here's the number, you can see forecasters upgraded their gdp for the next four quarters by about 4/10 of a percentage point, more or less. you can see, well, just a little bit, a few tenths below. writing, quote, the widely feared phantom recession is over. the 16 economi

nate jones... lines things up... checks his fidelity app... looks to outside analysts to get a second opinion. nate likes what he sees... and he places the trade... talk about easier investing. >>> managing your own money is a whole lot more daunting than it seems when you have a translator, someone like me who can help you decode the intentionally obscure terminology that the experts use to talk about stocks all the time and that's why i've been giving you my televised wall street gibberish to english dictionary, so that you can see through the mystery and understanding i've got to get to the essentials of investing. it's the most important thing i can do that's what i do for a living. so far i've been explaining the complicated-sounding pieces of jargon that are actually pretty simple, stuff we do every day at the cnbc investing club. but the difficulty goes in two directions just as there are many concepts this seem misleadingly complicated there are also plenty of other terms that are much less simple than they appear take the notion of a trade versus the notion of investment. a l

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nate jones... lines things up... checks his fidelity app... looks to outside analysts to get a secondnion. nate likes what he sees... and he places the trade... talk about easier investing. >>> accountability is back in style on wall street. if you underperform these days you may actually get fired. we saw it with mikey and starbucks. it's what ceo bob jordan at southwest has averted for the moment and what they are looking at pfizer. gotten so cynical at ceos hanging on despite this brought -- stopped doing low year after year. that is no longer the case when there were some truly subpar results at starbucks. all we heard was that they stood by. maybe they did until they got brian nichol from chipotle then they fired the old ceo when a heart. the old ceo sub optimal response is just too much for the board to take. nike, they must have been hard to stop the train wreck. the rank and file cannot believe how poor the company is doing given its reputation. likely -- nike alienated its partner footlocker like trash. with the ousted ceo, when you are charging hundreds of dollars the custom

shaping tomorrow, today nate jones... lines things up... checks his fidelity app... looks to outside analysts to get a second opinion. nate likes what he sees... and he places the trade... talk about easier investing. >>> welcome back to "the exchange." we see red arrows across the board today. the russell is the worst performer, down 0.2 of 1%. the s&p vies with the russell there, and the dow down 39 points. last night's vice presidential debate between jd vance and tim walz was heavy on policy and lighter on the fireworks than we have seen in the presidential face-offs. let's dig into it with the election less than five weeks away. and we're continuing our checks with various trade groups about what they're looking for. darren von rooden is here, president of the wisconsin farmers union. also with us, united steel workers president david mccaul. welcome to all of you. eomon, kick us off. >> for all the talk we have had for how partisan this country is, last night's debate was a refreshing change of pace for a lot of people, because there was a lot of agreement between the two candid

nate jones... lines things up... checks his fidelity app... looks to outside analysts to get a second opinion. nate likes what he sees... and he places the trade... talk about easier investing. >>> this morning, we woke up to a gorgeous scourge. spirit airlines is putting a basic -- bankruptcy filing. they have allowed them to stay in business after it failed to merge with jetblue. the airline shares have been crushed from $16 in change in january, to $1.69. to nearly a 25% be down today. the company hasn't made an annual profit this decade. this is going to be a foregone conclusion. however, it didn't have to be this way. spirit was trying to combine with competitor jetblue, in a $3.8 billion merger. the justice department sued the deal, and in march, companies walked away. i have been a vocal critic from the justice department. along with the ftc, a big trust regulator. when it comes to gunning down mergers and acquisitions. i think it is undeniable that our government is way too lax around having so many murders, in the airline business over the past 20 years. to the point to where

nate jones... lines things up... checks his fidelity app... looks to outside analysts to get a second he places the trade... talk about easier investing. ♪ ♪ >>> last week we got an important update on the state of small business in this country. the payroll processor and outsource human resources reported a strong quarter. top and bottom line beat the stock 5% in the single session. i'm used to the stock going down. more important, the number one payroll processor for small and medium size businesses, processing one out of 12 employees in the sector. let's check in to get sense of what is happening. welcome back to "mad money." >> jim. great to be back with you. >> john, you had so many good quarters. a lot of time the streets decides, you know what? not good enough and the stock goes up anyway a couple of days later. what are the chief drivers of what happened here? >> yeah, look, jim, i think we're off to a good start in the fiscal year. we just finished our first quarter and i think, look, we beat revenue andd earnings per share. adjusted earnings up 7% and continued to show good

nate jones... lines things up... checks his fidelity app... looks to outside analysts to get a secondwhat he sees... and he places the trade... talk about easier investing. ♪ ♪ >>> welcome back to "the exchange." last week's port strike was focused not just on the issue of employee pay, but also on the rise of automation at shipping ports. the dockworkers union standing fast on wanting to ban its use, but it's already taken hold on the west coast. kate rogers is at the port of los angeles with that story. hi, kate. >> hi, kelly. automation will be front and center over the course of the next few months as negotiations continue. now last friday the ila said it wanteded more clear language related to automation at the east coast ports writing in part the ila negotiated restrictions on automation and semi-automation in the last contract. the ila just wants to tighten the language that no automation means no automation. this port is among the most auto automate in the country. that's due to higher volumes and different labor situations including ship to ground in the u.s. compared to ship