, that tim cook is on nike's board. no-brainer to you to the degree we see a new wearable item from apple, it will be related to nike and vice ver versa? >> that wouldn't surprise me. but it also wouldn't surprise me to see other people that do -- that do other wearables adapt to nike, as well. >> all right. sop sounds like a story to be continued. sam, thanks for joining us on the line. on nike, again, no major material impact. sam poser saying when it comes to nike and these reports. >>> meantime, let's get over to dominic. >> hey, carl. still awake for right now. on my second cup of coffee. settling back down a little bit, up about 5%. after the alternative energy in fuel cell battery company saying it entered into a nonbinding memo of understanding or mou with south korea's hyundai. the two companies going to form a joint venture to develop hydrogen fuel cells. both parties have to hammer out details by the end of july. roller coaster ride for shareholders, surging as high as 11.72 last month, currently down around

we love nike. >> i love nike. i love under armour as well.ght now on this big pull-back, all the way back towards $74 has more potential to the upside not just based upon golf, but based upon everything they're doing right now along with the shoes, the basketball and everything as we get through march madness. >> you buying it today? >> buying all week, actually. under $75 it's very interesting. the quarter was really good. orders up globally 14%, they beat on revenue gross margins. okay. i think the story's great. golf apparel is only less than 5% of total sales. >> that ball is too fast. it's not fair to the rest of the golfers. >> final trades next. and this will be your premium right here. sorry to interrupt, i just want to say, i combined home and auto with state farm, saved 760 bucks. love this guy. okay, does it bother anybody else that the mime is talking? frrreeeeaky! [ male announcer ] bundle home and auto and you could save 760 bucks. alright, mama, let's get going. [ yawns ] naptime is calling my name. [ male announcer ] get to a

this adds more energy to impact, nike has high hopes for the golf balls and not just for sales. but while nike has dominated the apparel and foot wear, the golf balls have not been easy, they are a $1.2 billion business. the space is crowded. more than 1300 designs were tested in 2013. from 73 different companies. in fact, each year enough golf balls are produced to circumstancircle the entire earth. >> you want to be seen not just as the nike brand, we want to be seen as a golf equipment company. and it is very difficult, i think in this industry to be seen as a golf equipment manufacturer, per se, unless you have got the full line. >> competitors have been around for decades, and golfers tend to be loyal. not to bridmention bridgestone callaway. nike golf means more to the larger business. >> in 2013, 791 million, tonight's business overall, for them it is not -- you know, they have a $27 billion business. so it is a good business but doesn't move the needle very much. >> still, the division is growing. albeit slowly, nike golf believes the key to unlocking more market share u

i know we have nike on later today. we're going to -- the subtext i am going to beat nike.all company versus nike. but he's spending spending. no one wants to hear that right now. they don't want -- remember they turned on growth, david. they turned on growth. >> and look to your point, amazon is down almost 7.5% after being up after the numbers themselves, the top line up 23%. >> don't want that. >> it may revisit that $300 level again. it wasn't far from that not that long ago as it has come down over 22%, roughly 22% this year. >> we want companies that are spending with the instant payback. and we don't want the fireeyes just so you know. i pick fireeye because it's been cut in half. looking for a lot of companies that have been cut in half here because i think they're precedent for this particular segment of software as a disservice. >> as a disservice. >> that's a security company. >> yes. >> but this is called sad, sa s-a-a-d it was sass. software is a disservice. >> we're going to take that public. >> visa making it tough for the dow. bob pisani is on the floor. >>

if nike is indeed going to, tim cook, the ceo of apple, is also the lead director of nike here. does thou think deth something stings in oregon? >> there's a lot of speculation. that's all we know. we know that nike had some layoffs in the fuelband division. we know that the companies is not confirming that it's getting out of hardware entirely, and there's a lot of speculation that tim cook is on nike's board and is known to wear the fuelband around quite a bit. we know this is still a pretty early category, the whole idea of wearables and activity trackers. we know that some of the companies that are working on this, some of the smaller startups are very young companies, and they've had their own triouts and tribulations. it will be interesting to see where it goes. >> this space, there will be a lot of hits and misses, meaning companies will actually go out of business or be bought. we're in the early innings of this wearables space, aren't we? what are the companies in your view and out there, sort of viewed as having the goods to be there for the long haul? >> well, you've

nike unveiled this.t that exciting, but anyway, it's a limited edition england world cup jersey. its price tag is 90 pounds, so roughly $150 u.s. it's an exact be copy in terms of fit and material including nike's advanced cooling technology of the english players' shirts. fans have cried foul saying the price is too steep for most families. you know, they don't call themselves fans, they call themselves supporters. and i now british prime minister david cameron weighing in, telling the bbc that, quote, parents are under enormous pressure to buy the latest kit, and we shouldn't be taken advantage of. nike responding with a press release on its web site noting there is a more basic version of the shirt available that costs just 60 pounds, which is about $100. nike's biggest rival, selling its world cup replica jerseys for countries including germany and spain for 60 pounds. let's look at shares of nike's stock, they are trading at the moment down about half a percent to $74.12. >> go italy? who's that? i

nike will no longer be making wearable devices like the fuel band fitness tracker and the nike plus sports watch. the company has fired the majority of the fuel band staff. nike will, instead focus on fitness and athletic software and apps for smartphones. may have a potential partner with apple as ceo tim cook is on nike's board. google and apple are willingly developers to ensure top game titles show up first on their devices. both are offering to give the ga gameprie premium placement. have access to a new zombie fighting video game. >> hampden pearson dealing with zombies. >> covers it all. >>> let's get this monday morning going. you were talking about rain earlier. got some on the way tomorrow, by the way, zombies, no match for hampden pearson. we have the mid-40s nin the norh bay and clear conditions to start the day and then those clouds will suddenly increase throughout the afternoon, good-looking temperatures, although you'll notice a storm system brewing out there and by the end of the day, mostly cloudy condition and drizzle expected for your evening commute. san jose looking n

. >>> could apple and nike be teaming up? they may work together to develop a new wearable device. >>> google has a challenge for nonprofits what it wants organizations to do and what it is offerer -- offering in return. >>> stock market appears headed for its sixth gain in a row as more u.s. companies are reporting solid earnings. comcast, harley davidson and netflix have surging earnings. sales of existing homes slipped in march to the lowest level in 2012 in july. taking a live look at the big board, the dow is up 90. the nasdaq up 41 and the s&p up 10. >>> there is talk of a possible partnership between apple and nike. it comes just days after nike announced plans to lay off some of its team responsible for the wearable device for the fuel band which measures physical activity. apple has not entered the wearable tech field and now mean bleav the two companies could be partnering to create a wearable product. neither company is reporting the -- confirming the reports. >>> google is challenging nonprofits this earth day and

this is where we hit it nike getting a boost.laus making the stock a buy, and slapping an $87 price target on it. so should you just buy it? just buy it? >> let's start talking numbers. rich, i'm going to start with you, because you are a great bun master, but also a great chartest. >> i'll tell you, consumer discretioniaries stocks, that's the worst performing sector on a year-to-day basis. nikes is the poster child for in a underperformance as you alute the to. then we sets into a sideway trading range. now, brian, we haven't had a close bud low that 200-day until yesterday. so that's your first warning sign. i respect this upgrade out of steve in the short term, but when we zoom out and look at that long-term chart, we have to consider that nike's best days are behind it. when el see a double top like that at the tail end of a move in the stock, yes there's support of around the 50-week, but a break below there brian, could better support down around $57 at the 150-week -- >> what? 57? >> 22% down from current levels. i see ab

nike admitted into a statement that sales of a fuel band fitness devices have been unsuccessful but wetinue to line resources with priorities. we expect to make changes within the team and there will be a small number of layoffs. the statement added, we do not comment on individual employment matters. nike says it will continue to sell the band devices and update its fitness software. >>> the 118th run ning of the boston marathon. this time, everything went off as planned and an american won for the men. meb keflezighi. there were more runners in two decades and the most spectators in decades creating both challenges and opportunities. our scott cohn reports from boston. >> reporter: the mission stage erased that feels like any other in a year that no other. at the start of the race, a moment of silence. and along the route, unprecedented security for 36,000 runners and spectators. there was a concerted effort to make security invisible. >> i've ran 46 marathons and if they are sitting at the marathon, i don't want them to look up and see snipers on top of roofs. i don't want them to s

. >> a lot of tech news, nike reportedly leaving the wearables market. >> and more trouble for general motors. new documents showing that the automaker waited years to recall hundreds of thousands of saturn ions with power steering problems. >> first up, though, we are basing for a barrage of earnings reports. netflix tonight, tomorrow, mcdonald's, travelers, utx, at&t, wednesday, boeing, p & g before the bell and a big night on wednesday, apple and facebook

is this a statement nike, we have got our own town? >> yeah.'s always -- i would say it's our own world we're working on here. if we started at any point, we were the david, we were much smaller. look at us versus any of the competition. you know, in the past they were 25, 20, 15 times our size. this year they're roughly ten times our size. next year they'll be eight times our size. we like our trajectory. we like where we're headed. i think we have the opportunity to be the number one brand in the world. >> now wait a second. david, okay, you have to -- to go uf against nike. i know you're a competitor. but you're underestimating the competition. that's not like you. >> well, i would never do that. but what we would say, this not a zero sum game. one person doesn't have to lose for another one to win. there's lots of room for competitors. that doesn't make us like anyone anymore. frankly, the way that under armour is aligned if you look around the store, you see the direction that the company is going in, this is not a one trick pony. there's

yeah, the nike fit bracelet?l, nike's fired the majority of the staff who worked on the fuel band, as many as 55 people. nike had planned to come out with a thinner version of the fuel band this fall, but those plans appear to have been scrapped. look at nike shares, down about 12 pennies. i bought one, it didn't do anything. i mean, it tells you how many steps or whatever. yeah, again -- the jawbone's way better. that's by opinion. the irs caught in the cross hairs of congress once again, this time over its treatment of private equity firms and hedge funds. what kind of treatment? this is completely opposite from what the complaints have been in the past. a new report by the government accountability office shows the irs audited less than 1% of these large partnerships. so it's not, rich edson, like what the tea party was complaining about, that they were sort of in the crosshairs, but in this case it was they weren't paying enough attention to the private equity guys. >> kkr, carr lyle group's partnerships. the

i would be all over nike all the way down -- >> speaking of underarmour, you watch the masters, we may talk a little bit later about the walking billboard named jordan speith all weekend long wearing underarmour. >> sports apparel is the theme to get behind. >> definitely and players who haven't won a place are moving in. i don't think we should discount athletic and awareness and fitness taking a piece. >> and look where they're going as far as discounting. j.w. nordstrom, nordstrom rack and off saks and how they're outperforming t.j. maxx and why t.j. maxx isn't performing as well as they used to. >> we're talking banks coming up and captain america knocking it out of the park for disney over the weekend. will the company need a super hero to save its deal with maker studios. is gm dead money? only analysts think so. what's on deck for the autosector. that and much more straight ahead. nking of moving an old 401(k) to a fidelity ira. it gives you a wide range of investment options... and the free help you need to make sure your investments fit your goals -- and what you're really inv

that everybody understands, nike publicly and privately is trying to walk everybody back.believing that for a moment. >> this looks bad. they're laying off engineers. >> when is the last time you heard we are laying off our tech dies? -- tech guys? i do not think they will have any trouble finding another job. it validates a lot of fears out there that a lot of people were buying this, charging a three or four times a minute was going in the chore. of nikethere is a ton fuel band sitting indoors. >> maybe that says more about the fuel band than the tidbit or this thing. this is a negative looking forward indicator on two levels. it shows the consumer brands probably do not have the capital are set logical expertise to get into wearables. >> which is amazing given that nike was in early. >> they probably did the best job. >> no consumer company will be able to pull this off. the broader implication is the whole wearables thing is a symptom of a bubble where you have these concepts that are hyped eons all reasonable expectations. >> is a giving him more information than we n

growing up, everything was nike.didn't have a pair of nike's, you weren't the cool guy on the block. nike was always a part of my culture. it was embedded in me. it naturally became part of my brand. they asked me to do this all for them. it is cool. i created this brand for myself to walk into the grocery store and they are like, can you do the dance for me? right here, right now? it was something that was preplanned but i did not think it would go this far. >> i can do it. the world's most famous cycling races taking place in a few months. it is the tour de france. this year, it is the tour de something else. >> this will be the 101st tour. this year, it is beginning right here in the united kingdom. why? that is a question we can put to the director of the tour de france to joins us right now. thanks for being here. you are jumping on the back of the success that cycling had here with the olympics? >> it was unforgettable. it was a huge crowd. we were sure we would be back full beers after. we decided we had to co

>> if netflix sells off, you do buy it, but right now you buy nike.y. >>> that does it for us. "power lunch" begins right now. >>> halftime is over, "power lunch" and the second half of the trading day start right now. >> folks, thank you very much. investors await an earnings onslaught with almost a third of the s&p 500 reports first quarter earnings. netflix, microsoft mcdonald's, boeing and many, many more. >>> more revelations from gm, this time about the saturn ion. it seems the automaker dragged illustrate muffler for years before issuing a recall of 300,000 ions for

. >> nike has a descent dividend. a juggernaut. >> adam, what do you think about that?>> i love nike too but i wouldn't go for a consumer play for a safety stock. >> what would you go with? >> chevron. oil company. it has a dividend nearly 4%. i don't love it but it's safe. >> that's a fox news alert. shef rchevron is okay. i don't their execution. eog i think is better. >> guys, i want to thank you both very much. >>> plus this is an on going matter. i'm not going to answer those questions. i just said this is an on going matter and i'm not going to comment on an ongoing matter. i'm not going to talk about an ongoing investigation. >> one after another. u.s. attorney general eric holder will not comment and lois lerner won't testify. so now they're holding him in contempt of congress. some republicans say they need her testimony to get to the bottom of the irs targeting conservatives scandal so will giving her immunity get there faster? welcome to

hands and feet on a rare pair of shoes the nike air form pro easy cost 250 bucks. a line started wednesday for the shoes that went on sale today. the shoes feature an all-black carbon destroy, snake skin accents and glow in the dark soles. >> the city of oakland has updated a misspelled "stop." we showed you the intersection last week. spelled s-o-t-p. it's now fixed and the city said their usual traffic painter did not make the error. b.a.r.t. was fixing the tracks and hired a contractor who made the mistake. >>> a giants fan had to settle for a hug after missing his chance to grab a foul ball. the padres' jed yorko hit a foul ball in san diego. watch the man at the left of your screen. he spills his drink, topples over some seats, all while the lady in the white top snags the ball, and looks like she didn't spill her drink either. lady let him admire the ball before the two embraced. very nice. meteorologist frances dinglasan joins us now with a look at the accuweather and your easter forecast, too. >> good evening. i think our weekend will end nicely. here's a l

nike regulates getting only one set of shoes. hopefully everyone in line will get a pair of shoes today, but we don't know how much stock there is. the store is supposed to open at 10:00 a.m. back out here live, you can see the line. it's a little chilly this morning, but they are all sporting some nice shoes already, and they are going to add to their collection today. we have heard that the store may open early at 7:00 a.m., but we'll be out here all morning, so we will get that rush. i'll tell you, sfpd is around, to make sure that things stay calm out here as people rush for those new nikes. live in san francisco, katie utehs, ktvu channel 2news. >> some shoe stores in shopping malls across the nation increased security due to past fights among customers. [ screaming ] >> last december, cell phone video captured this fight at a store in stockton. a person was getting beaten up and his shirt torn off after a dispute over a pair of $180 air jordans. there was a confrontation in north carolina between two women over the sneakers

hands and feet on a rare pair of shoes the nike air form pro easy cost 250 bucks. a line started wednesday for the shoes that went on sale today. the shoes feature an all-black carbon destroy, snake skin accents and glow in the dark soles. >> the city of oakland has updated a misspelled "stop." we showed you the intersection last week. spelled s-o-t-p. it's now fixed and the city said their usual traffic painter did not make the error. b.a.r.t. was fixing the tracks and hired a contractor who made the mistake. >>> a giants fan had to settle for a hug after missing his chance to grab a foul ball. the padres' jed yorko hit a foul ball in san diego. watch the man at the left of your screen. he spills his drink, topples over some seats, all while the lady in the white top snags the ball, and looks like she didn't spill her drink either. lady let him admire the ball before the two embraced. very nice. meteorologist frances dinglasan joins us now with a look at the accuweather and your easter forecast, too. >> good evening. i think our weekend will end nicely. here's a l

the nike air foam pro easy cost $250. the line started wednesday when the shoes went on sale today.y feature anblack exterior and snake skin accents and glow in the dark soles. the city has updated a misspelled stop. it was spelled sotp. oops. they said the usual traffic container did not make the error. bart hired a contractor who made the mistake. meteorologist lawson joins us with a look at the easter forecast with live doppler. a lot of easter baskets on stand by hoping for a great forecast. >> they are going to get it. we will see a lot of sunny skies tomorrow. it will be beautiful for easter sunday. live doppler sweeping around the bay area picking up clouds and still coming in from the coast. it was a very breezy day today. winds are gusting up to 29 miles per hour at sfo and 30 miles per hour in fairfield. tomorrow will be another breezy day as well. as we look down towards san francisco, we have clouds coming in from the coast. some areas under clear skies. in san francisco and 56 in oakland and 57 in redwood city. a lot of 50s out there. towards the beautiful bay bridge an

nike town san francisco was buzzing as people rushed to be among the first to get a pair of the nike air pro easy shoes. there's the kicks that people are waiting for. the shoes sell for about $250 and are already available on ebay starting at $385. some sneakerheads waited in line outside the store in union square since wednesday. the store wouldn't tell us is the shoes have sold out but that seems very likely tonight. >> watch abc is now available to bay area dish customers who want to watch abc7 news online or on smartphones and tablets go to abc7news.com and click on the watch abc logo and fine out how to access, and you can also search watch abc? the app store. >>> let's get a check on weather with meteorologist frances dinglasan, as live doppler 7 hd. hi. >> good evening, we're starting off with live doppler 7hd, the radar composite. increasing clouds along the coast. a breezy but beautiful day, and the sea breeze will continue overnight. from mt. tam. more cow clouds looking -- more clouds looking south. temperatures at 56 in san francisco, low 70s, like gilroy. 55. half moon

that line is forming outside the nike san francisco store in union square. these folks want to be the first to nab a pair of nike air foamposit pro easy. they retail for $150. 7-year-old twins are heros. how they fought off a carjacker with just a toy. and what those sounds mean and what we have learned about this tiny bear left on a doorstep in tahoe. >> i'm abc7 news meteorologist sandhya patel. this picture provides a pretty good indication of our holiday forecast. what is coming that will be a change for easter when abc7 news continues. first, here is jimmy kimmle. >> take a gander what is up with us after the news. female announcer: get three years interest-free financing on brand name mattress sets. plus, get free delivery, and sleep train's 100-day low price guarantee. sleep train's interest free for 3 event is on now. ♪ your ticket to a better night's sleep ♪ where a chp officer has been injured after being struck by a car. this is on highway 101. it appears the injuries are not serious, but we are gathering more information and we will bring you any

workers at a chinese factory that produce shoes for nike and adidas strike for a seventh day. at issue are pay and benefits as well as workers' rights to elect union leaders. a chinese monitoring group says 10- thousand of the plant's 40- thousand workers have walked off the job. adidas and nike have both said they are encouraging dialogue between the workers and plant owner, yue yuen. the united auto workers union has given up the fight to force a second vote to unionize volkswagen's plant in chattanooga tennessee. the announcement came 1 hour before the uaw was to have gone before the national labor relations board to plead for a new election. assembly workers rejected the union in a vote in february.instead, the union says it will work to create more jobs at the plant which currently employs more than 2- thousand.in china, the world's largest & fastest growing car market vw is in expansion competition with gm which just announced a 12- billion dollar investment. in today's cover story, the growing class of employees who are neither temporary nor permanent.they are the perma

that line is forming outside the nike san francisco store in union square. these folks want to be the first to nab a pair of nike air foamposit pro easy. they retail for $150. 7-year-old twins are heros. how they fought off a carjacker with just a toy. and what those sounds mean and what we have learned about this tiny bear left on a doorstep in tahoe. >> i'm abc7 news meteorologist sandhya patel. this picture provides a pretty good indication of our holiday forecast. what is coming that will be a change for easter when abc7 news continues. first, here is jimmy kimmle. >> take a gander what is up with us after the news. it's chaos out there. marks. go! o!, to yr but the m-class sees in your blind spot, pulls you back into your lane, even brakes all by itself. it's almost like it couldn't crash... even if it tried. the 2014 m-class. where a chp officer has been injured after being struck by a car. this is on highway 101. it appears the injuries are not serious, but we are gathering more information and we will bring you any updates on abc7 news bay area. >>>

that line is forming outside the nike san francisco store in union square. these folks want to be the first to nab a pair of nike air foamposit pro easy. they retail for $150. 7-year-old twins are heros. how they fought off a carjacker with just a toy. and what those sounds mean and what we have learned about this tiny bear left on a doorstep in tahoe. >> i'm abc7 news meteorologist sandhya patel. this picture provides a pretty good indication of our holiday forecast. what is coming that will be a change for easter when abc7 e is jimmy kimmle. >> take a gander what is up with us after the news. where a chp officer has been injured after being struck by a car. this is on highway 101. it appears the injuries are not serious, but we are gathering more information and we will bring you any updates on abc7 news bay area. >>> and back to our breaking news in san francisco. this is a eleven look at mission street and silver avenue where a car slammed into a bus shelter tonight. the driver and the person sitting at that bus shelter were both seriously injured. the r

nike seems to be pulling back on that. this goes back. talk about nike pulling back, i mentioned how scott galloway was saying that you already had this device. you carry around with it all of the time. it is your phone. >> they must have heard you. as though the barometer, at least for nike hasn't been quite the success that they were anticipating. quest to getst a as much data about people as possible. findingrg said they are different ways and ecosystem that people want to share their data with others. data.s another type of there are possibilities with where you're running and how fast you're running. mobile revenue is at 59% of their company. >> is really about watching you. americans do not care about fitness. we eat mcdonald's and smoke e-cigarettes, we don't care. it is a niche market. that is why nike fired everyone working on this. >> i don't think that is true. because you have not gone out of new york. are whole foods. >> niche. has a new look. mcdonald's says it's famous clown will take an active role on social media using th

>> you know, nike's absolutely all about "just do it," and i think you just did it.'m gonna go with "d." final answer. >> joe, you're right. right off the top, sir. correct. >> yes! >> there it is. just did it. give him some money, man! $7,000. that's a start. that's how you start things off, man. here we go. this is your next question. "that sounds fun." when discussing g-force, a movie about special agent guinea pigs, who told gq, "i will never smoke pot and agree to go to an audition again." >> i know that we've got... i don't know. that's an obscure quote. i would ask the audience, but i think i'm gonna jump this question. i just think it might be something i'm not gonna know. >> all right. decide to jump the question. >> i'm gonna jump that, please. >> now let's see what the correct answer was. zach galifianakis. all right, not sure about that. so you jumped over it. hopefully you didn't jump over anything big. what did he jump? $100 is removed.

growing up, everything was nike, it was always if you do not have a pair of nike's you were the coole was a part of my culture, it was embedded in me. it is naturally became a part of my brand. they asked me to do this also dance.hthe salsa when i'm through the grocery store and people ask you to do the dance, i'm like right here? wasas something that preplanned, but did not think it was go this far. ♪ >> time for the scene where we bring you the mist is behind media and entertainment and pop-culture. adam just may be its savior. thecomedian is one of handful of visible podcaster standing up to a company called arsenal audio. personal audio claims it invented the idea of podcasting back in the 1990's. it is suiting corolla and others for patent infringement. the problem of a personal audio thatpatent troll, makes no products, but makes money off of the patents it happens to hold. suits by patent trolls make up 76% of patent litigation cases. 2007.s up from 42% in researching the story, and the managing partner at media tech capital partners. let me start with you steve. does adam cor

overall, nike golf pulled in $791 million last year.nted a 9% increase over on 2012. not bad, but the overall golf industry, $10 billion per year. so hopefully the oven will heat up more market share for nike. back to you. >>> the s&p called higher by 2.5, the dow by 27. but we get the adp employment report before the open. chris runky is managing director at bank of tokyo mitsubishi ufj. good to see you. how will we trade through this number, do you think? >> well, we're looking for a pretty strong number. you know, payroll jobs were pretty weak in december. i think it was 48,000. it came back a little more in january. up about 129,000. last month, 175. the goal we're trying to get to is to 200. but adp last month was only about 130 something. this month the street is looking for quite a big number. i hope we don't get disappointed. but there's reason to believe that jobs are going to pick up and get back, if anything, maybe a little bit more than 200,000 in the month of march. >> we should be quite interesting. very briefly, as we get

. >> it was a long wait for a sale out when nike speakers -- sneaker went on sale. some had been in line since wednesday. the shoes inspired kanye west was the most wanted. there are new air jordans out. some were waiting to make a profit, others were buying for themselves. >> i'm a shoe head, i collect anything that's rare. i'm wearing mine, i'm not selling them or giving them up. >> the nike air foam positive pro premiums retail for $250. on line they can sell for $400 or up. >>> hundreds mobbed the record store in san francisco. the day long celebration of indy record sells began. special sells. limited releases. it regularly stocks up to 100,000 compact discs, aaudeo disks and vinyl records. >>> a sinkhole threatening to swallow up two homes. why the people in the homes didn't have to evacuate. >>> a jump in the 27 for your east -- temperature for your easter. the great american novel. so you can happily let life get in the way, while planning for tomorrow. so you can finish the great american novel banking for the life you have investing for the life you want c

i know that nike has the nike band and fitpit and the jawbone and nest, them me what you're most excited we're leveraging -- think of billions of smartphones that are out there today, we're in virtually every manufacturer, every oem smartphone, and they're creating these powerful perm hubs from which we've with -- personal hubs because we approach a system solution, not chips, a systems solution. and many of these oems entering connectivity for the first time do not have the capability to move into mobile. in fact, they don't want to have that burden. they want to focus on the user experience. liz: and they want to focus on energy sipping. >> exactly. liz: this is a huge issue, right? >> exactly. so what we do is having come out of the smartphone space is our devices consume less energy, they're by and large more highly integrated, they're more of a complete system. so fitbit, we're in fitwit, we're in nest. we're this phillips wearables, we're in gaming cubes and consoles, we're this johnson controls, we're in virtually every router that you can buy. so we have in the early innings gott

trying to get their hands on the nike foam air posit 1. can you tell i'm not interested?ave been camping out. with each day the line outside the supreme skate shop has been growing, all for these nike shoes being sold in just a few locations around the world. >> a lot of people out here just for the hype. >> we got out here on monday. it was last minute, you know, got our people and come out here. >> reporter: the supreme nike foam posit retail for $250. the latest in a long line of collectible shoes. and some were not only willing to camp out for them, but travel hundreds of miles. maurice came from denver. >> two stores in the united states. always sells out, whatever they put their name on. >> reporter: most of the people waiting in this line will never wear these shoes pl. they'll resell them on the internet. specialty shoes like this are big business. >> buying for $250 and selling them for about -- >> reporter: we did find one shopper who plans on wearing the nikes. >> they just look good. i like the way they look. >> reporter: are you going to keep both pair? >> ye

. >>> there's now talk to apple and nike could be teaming up to make a wearable product.ristband that measures physical activity and just last week nike announced layoffs to its fuel bound team. that's evidence that may be partnering up with apple. >>> a major decision by the supreme court on affirmative action on college campuses. the court says a michigan law does not violate the u.s. constitution. california was the first state to approve such a ban. as justin gray reports this ruling means more are likely to follow suit. >> the ruling by the supreme court says that states can make decisions about affirmative action at the ballot box. writing for the majority anthony kennedy said >>> 7 states including -- but now legal experts believe this could open the door for more states to follow with their own ballot initiatives. >> when a supreme court decides a case it often elevates on the political issue. it could stimulate activities in other states. >> richard lem pert says this is just the latest in a series of rulings by the court dialing back. places an unfair burden on

nike free.rs endorsed keflezighi in 2011. some analysts say this high- profile win could be a game changer for skechers. frank and juliette? >> not bad. >> and for meb, too. he will make a couple of bucks, too. jill wagner cbsmoneywatch.com, on a wednesday, thank you, jill. >>> 5:41 now. the oakland a's ownership quickly rejected a 10-year lease offer from the oakland coliseum authority. details of yesterday's offer not made public but the a's released a statement saying it didn't address all the teen's issues at the stadium. negotiations are expected to continue. the a's owner lew wolff would like a long-term issue in oakland while legal issues are worked out regarding the long term plan to build a ballpark in downtown san jose. >>> 5:41. after weeks of coming up empty investigators may finally be closer to finding the wreckage of the missing malaysian airplane. >> and another controversy for the irs, this time over bonuses given to their own employees with tax troubles of their own. coming up.

. >>> nike will no longer make wearable devices like the fuel band fitness tracker and the nike sports fuel watch. the company fired the majority of its fuel band staff. nike will focus exclusively on fitness and athletic software for apps for smartphones. they have a potential partner with apple. >>> google and apple are reportedly make sure top game titles show up on their devices first. both are offering to give games premium placement. last summer apple signed a deal with electronic arts to have access to a new zombie fighting video two months before google. >> fair enough. >>> 6:26. a look at your forecast, morning commute, as well, with christina and anthony. >>> bullets break the silence in the san jose neighborhood overnight. how a feud between neighbors kept up an entire block and kept them on lock down for hours. >>> that sunken ferry near south korea. the excuse the captain gave to be among the first people who were rescued. >>> taking a live look outside at a beautiful sunrise shot on this monday after easter. we hope you had a wonderful weekend. if you're up this early wit

. >> i would like to add i know nike gibbons we worked pta together for many years she was served us well, and a parents wonderful and a great volunteer at our schools. >> first of all, i would recycle to thank everybody forbid this animation and this recognition. i think the things that have been the most important that many of us in education are called to this work and this is the highest service we can offer and i feel very lucky to stand beside our children working year after year beyond what was asked of them and so i feel very, very lucky to be standing alongside david here and to have worked in sfusd i'm a graduate and two of my boys are her are grautsz from sfusd and as well as my husband but he's a transplant from new york. thank you for recognizing the important work that the counsels do and contribute to how our schools are run and students succeeding academically >> so thank you (clapping.) commissioners before we proceeded to recognize international board certified teachers we have a special treat the children from betsy carmichael organization that want to sing a song

. >> i think of apple, nike, and others, starting in a garage. there must be millions of ideas that never had the avenues to take ideas turn into something. >> we are living in amazing time, i believe in all of whomman history -- human history. it doesn't just impact the diy segment, but also corporations. ford is putting printers on every designer desk. and the reason is they can reiterate three or four times before lunch. at the end they'll reiterate 1,000 times, ending up with a higher quality product. when i saw innovations coming out of the marketing department, the marketing department. we'll be able to create - instead of 1 huz engineers, we'll have 10,000 engineers. we'll have 100,000 people who are not engineers doing amazing things anyway. everything i thought i knew about innovation and creativity coming out of my n.b.a. did wrong. the risks are lower. access to the markets is lower. the ability to create a product and get it out is lower. the ability to high-quality design is right at the doorstep. >> 3d printing makes it possible for

genius marketing by nike. i am a title escrow. stuart: fireworks on the market, now fireworks on this. charles: i am getting a ton of e-mails. people watching the show i did not even watch the show. keep them coming, guys. stuart: president obama took his victory lap on obamacare sign-ups, he took it yesterday counting 7.1 million enrollees. that was a pep rally. the president had a big p.r. moment. step back, now take a look at what he said on this program yesterday. >> of these for in half to 5 million people who have purchased plans on exchange, at least half a million or more will stop paying the premium at after the second or third month. stuart: now that's interesting. four and a half or 5 million have signed up and paid. of that, maybe a half million will just drop out later. we are joined now joined by the price waterhouse institute. you heard that from betsy mccoy. roughly 10% of those who paid, signed up, will walk away from it in a couple of months. you know this subject, what about that statement? >> those are some int

. >> growing up, everything was nike. if you did not have nikes, you were not cool.s always part of my culture. it just naturally became a part of my brand. do this fore to them. it is cool. i created this rant. -- this brand. when i am walking through the grocery store, someone says do the dance for me. right now? something that was kind of preplanned but i did not think it would go this far. lessons in building a brand. coming up, speaking about big brands. starbucks has big plans to recycle paper cups you see everyone walking around with. they use about 4 billion of them a year. they did not seem to be going anywhere. what is happening to these cups? i want to know. yahoo! and microsoft jumping into the online content marketplace. will marissa mayer succeed in a push for hollywood a-list spurs? what will they do to stand apart from the crowd of content, content, content? stay "in the loop." ♪ today's this versus that we are talking about starbucks and the reality of recycling. back to where i can talk more about it. starbucks has been talking about recycling cups.

nike had laid off its engineering staff working on the project. would continue to support the newest model, but acknowledged a small number of layoffs. it does not sound like this is going to be the big momentum play or product for this company that some people thought. quick sad -- >> sad. looks rather than how telling you how far you have gone, there is a point system. >> no one understands and no one cares about, basically. was onrketing professor bloomberg earlier today and he was saying the wearables will have much long-term traction. the phone is going to do everything anyway. looks the phone has been getting -- >> the phone has been getting rid of everything else anyway. board at nike the and he has been on the board for almost a decade. there is probably an arrangement between these two companies. let's do the hardware and you can help us with the software. >> i just got a new phone. >> that is not wearable. >> it does all of those things. >> it is your life, right there. >> netflix earnings are out. profit came out with that pleased wall