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greta: the icon i shall nike swoosh. you won't believe how much he paid to have it designed for him. >> there was a graphic artist who did work for us for $2 an hour. them all. the mercedes-benz c-class. five driving modes let you customize the steering, shift points, and suspension to fit the mood you're in... and the road you're on. the 2016 c-class. lease the c300 for $369 a month at your local mercedes-benz dealer. that inactive satellite radio of yours is ready to roll. because the siriusxm free listening event is on right now! just hit the sat button in your car and listen free thru sept 6. that's right, two glorious weeks of commercial-free music, plus talk, sports, comedy, news, and more. your ride has never, ever, rocked like this. oh yeah, siriusxm is on for free right now. so tune in and let's ride! greta: phil knight's idea in the 1960s to sell better sports shoes became nike. it was add to the dow jones industrials in 2013. he had his daughters at first. but knight never doubt himself on the idea. here you w

take nike.t dominates the sports apparel markets, but when bill knight started the company in 1964, he was one guy, selling chinese sneakers out of the back of a car. i mentioned this, because phil knight, the founder of nike, published a memoir called "shoe dog". that i think is one of the best books i have ever read. he's talking about nike, his book and his life. welcome to "mad money." >> thanks very much, jim. i can tell you in all honesty, it's a great pleasure to be on your show. >> thank you so much, sir. i found out about your book in an odd way. i found out from bill walton and asked me if i'd raead it, the great basketball player. when i found out you were coming on the show i was so excited. let he ame ask you, as a shoe d where is nike in the firment these days? under armour is hard charging, kevin plank reminds me of you in your early days. nike is king. can neike stay king with those competitors? >> yes, and we will. we'll compete very hard, and we have a lot of growth in our futu

the man who started nike, just do

let's talk nike. the company's co-founder sitting down exclusively with jim cramer to talk everything from golf to spotting the next mega endorsement deal. >> our endorsements, at least at nike, we use a very sharp pencil and we pass on endorsements from time to time. there was a great soccer club in europe that we said is just too much, it's not worth it to us. you can read about a lot of money for endorsements, including michael jordan, but he's absolutely worth it, as is lebron james. >> the company now has its eye on the olympics. >>> sticking with the swoosh, the golf world still trying to figure out why nike is getting out of the golf equipment business. no more clubs, no more balls, no more beings, and what it's going to mean for the competition. taylor made, callaway, ping, and more. is this move all about tiger, or more about nike trying to stick with what it does best, and that is apparel, clothes, shoes. folks, welcome, good to have you here. does this suggest that nike is making a big turn

easier for nike when it's just their own.tting out of equipment, not the footwear and apparel. very they say they are dedicated to. in the golf world, this is a big shock. vonnie: is the market size diminishing? eben: this is a sport that struggles when there is a recession and never really came back to the same numbers from the public we saw a decade ago. has a demographic problem, the number of golfers playing are getting older, the growth of endurance sports and fitness sports has cut into the gulf -- .olf margins this is the worst-performing major segment across nike's entire business. this is a tough time to be in the gulf world -- golf world. this might be the time to get out. you cannot talk nike golf without addressing tiger woods. he took the company to absolute stardom. he has not been the same tiger woods recently, obviously. there is a chance he doesn't play again. his career arc has gone in the way that nike golf's career has gone as well. david: i could name many basketball stars with clothing lines. why aren't

i want to look at now is nike. especially in front of the olympic, you'd see a lot of enthusiasm about a company that has so many of their branded athletes in the event. this is a company that reported their fiscal q4 in the end of june, it's a good report. obviously, currency is a huge head wind, but in china, they put up big numbers. i've been sceptical about the rally. i'm not trying to buy break outs. >> the stock is trading cheap to its group. going to get new management sort of life going in. they're getting out of the equipment business, which i think is a good move, although that represents probably just under 5% of total revenues. so the opportunity to buy a stock at a valuation below historical average, but still a top line, probably 6%, 7% and bottom line around 11%. i think it's a good name. >> you sort of inferred this when when you started talking. it's not just this. even the old sort of names like microsoft are a value. meaning the growth name, starbucks, nikes, have stalled, so these are ones that

the one i want to look at is nike.s is a name i specially in front of the olympics you would see enthusiasm. this is a company that also reported the fiscal q4 in the end of unijune. it was a good report. in the biggest growth market in china put up really big numbers. it's down 10% on the year here. listen, i've been very skeptical about the market rally. i'm not trying to buy breakouts here. nike could set up as an interesting trade over the next month and half. >> the stock is trading cheap to its group. they're going to get some new management. light going into it. getting out of the equipment business which is a good move. representing only 5% of their total revenue. the opportunity to buy a stock blow historical average and growing. bottom line and at a discount to the group, i think it's a good name. >> you sort of inferred this when you started talking. it's not just this. we've seen in in disney. starbucks. a lot of the strength of the market has value coming up and even the old sort of names like microsoft ar

and nike tees up an exit from golf equipment. jill wagner is at the new york stock exchange with that and more. good morning, jill. >> reporter: good morning, anne-marie. >>> the price of oil jumped in a survey showed that private employers added a healthy amount of jobs in july. that sent the major stock indices higher. the dow broke a seven-day losing streak and gained 41 points. the s&p finished six points higher. the nasdaq rose 22 points. >>> walmart reportedly that launched last year to take on amazon.com. jet operates kind of like online cos costco or sam's club. membership costs 50 dollars a year. members save $10 to $15 on product. walmart is competing with amazon. >>> apple became the latest company to pay men and women the same salary for the same job. apple also says minorities are in the same as their white and male counterparts. in april, facebook and microsoft said they had no gender pay gap. >>> starbucks is reportedly addressing staff concerns about the hours that they work. staff had criticized starbucks for cut

nike, the world's biggest sportswear-maker is getting out of the golf business. the company says it will stop making clubs, golf balls and golf bags so it can focus on its shoe and apparel business, but is this move by nike another blow to the game of golf where the hits just seem to keep on coming? will gray is associate editor at thegolfchannel.come and joins you now. good to see you, will and welcome. >> thank you. good to be with you. >> what impact do you think this will have on the space with nike exiting? >> yeah, certainly interesting timing given the golf season is right at basically its peak time, but i think that it's going to create an opportunity for the other equipment manufacturers in golf in terms of the long-term health of the game. i don't think that nike getting out of the equipment space is necessarily going to have a huge impact. remember, they are still going to be very involved into golf, going on to the soft goods side and you'll see plenty of swooshes on golfers, both on the men and women's side. >> we saw calloway golf and its stock move

golf is the smallest category for nike major aoverall.er agent tells cnbc that woods has a long-term relationship with nike and will continue to be a loyal brand ambassador overall so meantime, you've got that front. then you've got adidas another huge company reporting second quarter earnings this morning. the german company seeing improvement in the golf business. that's taylor made adidas. was looking to sell that business which includes the taylor made brand, that sort of thing, so certainly nike and adidas two of the sportswear in the world. >> nike has been associated with several big name athletes throughout history and most importantly, michael jordan. signed jordan to an endorsement more than 30 years ago and report dlif still makes $100 million a year off a shoe deal. nike co-founder told jim cramer it is not easy to identify the next michael jordan. >> our endorsements at nike we use a very sharp pencil and we pass on endorsements from time to time. there was a great soccer club in europe and we said it's too much. not worth it

we know who nike is. we didn't think nike was going to succeed, but we clammer f -- clam or for more. >> it's a lot of work. i'll tell you that. >> if the shoe dog were to start now, would the shoe dog be working at apple or facebook or alphabet instead of nike? >> that's hard to say. these are different times. it was the '60s, and, so when i started, i wanted to start the business, i told my 20-year-old sister to go down to city hall and get a hilicense. and we off and running. now you have to get accountants and lawyers. it's an entirely different world today. so i really don't fknow how to answer that. >> let's talk about entrepreneurship. the onerous nature of the government. they all exist now, but aren't they harder now? the entrepreneurial spirit has really been squelched in a lot of places in this country. >> it is harder in many ways to start. the good news is that a lot of the struggles i had is because i couldn't get any money. and now you have venture capital firms all over everywhere that are

usan add on facebook for a nike shoe outlet.>> it was a pop-up message. >> reporter: the nike outlet, the solution everywhere, had dozens of shoes at great prices. he ordered a pair with his credit card. when they showed up, he got suspicious.> he grew more concerned.>> the reflective material was blotchy. there was still glue on the side.>> reporter: he figured those were limits is until he wore them. the air bubble in one shoe burst. it was like walking on flip- flops.>> i thought i had something in my dread, but it was the air pocket clicking every time i had some pavement.>> reporter: ordering saver compared with going to the mall or sporting good store. you have to know who you are dealing with. patrick's nike outlet had no mailing address, just the contact us form.>> make sure you know where they are coming from.>> reporter: he is not sure if there counterfeits or bad nike rejects. he now has to go shoe shopping again. we have been -- nike has been fighting counterfeit websites for years. be sure to go through knocking -- nike.com so you don't waste your money.>>> it has been a

for example, one of my absolute favorite companies, get this, nike. this is nike's daily chart.s stock had been in the doghouse going relentlessly lower from mid-march to late june as the shutdown of sports authority, one of their major u.s. distributors, caused a hiccup in their business and everybody else's in this industry. ever since nike reported a healthy quarter at the end of june, stock's been working its way higher albeit in stages. plus the rio olympics that preempted my time slot for the last two weeks. but basically one continuous nike. we recently heard very good things from both foot locker, what a great conference call that was, and dick's. also great. they sell aen ton of nike. what does lang think of this chart? well, they just added nike to the street.com's trifecta stock fort polio lang helps run. he's obviously a fan. why? first the stock had a powerful move higher just last week. this was really fantastic. this was after the fabulous foot locker quarter. big money managers are once again adding to positions in this fabulous senior growth stock. second, there

nike shoes appeared in the olympic games for the first time in '68. you'll see our athletes blanketed in swoosh! tonight i talk with the company founder about what to expect. then the future's fight against diabetes. i'm talking with one of our old faves. dexcom. and after the better than expected quarters from herbal life and square, think about investing in these stocks, don't make a move until you hear my take. stick with cramer! if you're taking multiple medications, does your mouth often feel dry? a dry mouth can be a side effect of many medications. but it can also lead to tooth decay and bad breath. that's why there's biotene, available as an oral rinse, toothpaste, spray or gel. biotene can provide soothing relief and it helps keep your mouth healthy too. biotene, for people who suffer from a dry mouth. oh, dishwasher, why don't you dry my dishes? oh, he doesn't know any better. you just need to add finish? jet-dry? in the rinse aid compartment. it's there for a reason. it dries much better than detergent alone. sorry dishwasher. finish? jet-d

its co-founder phil knight stepped down as the co-founder of nike. >> before giving brian a tour of nike he launched it, his initial investment was $500 he borrowed from his parents. he has a best seller "shoe dog" and we had a chance to sit down with him where he calls home in portland, oregon. >> got to be the shoes. >> shoes. >> shoes. shoes. >> it's one of the world's most iconic brands. >> when you all started you say, that's it? >> no, nobody did. i said, it'll grow on us. >> nike is the largest athletic shoe and apparel company in the world. with sales topping $30 billion last year. the company's success began at a breakfast table in 1971. >> while you're building the company and selling shoes, you have this innovator in bill bowerman. he's on your team. tell me about the waffle iron. >> we were together talking about the company and in the course of the meeting he said you're always figuring ways to make shoes lighter. he got up and his wife made waffles for breakfast and then she went off to church. he didn't. he sat there, looked at the waffle iron on the kitchen counter. maybe

this time from an american company plus nike steps off the green. sue joins us from cnbc global headquarters and a look at our markets. >> good to see you today. it's kind of a quiet day on wall street, at least so far. we've got to majority of earnings behind us. we still have a few that will trickle in over the next couple of weeks. it's kind of a quiet summer day the dow jones. we'll see whether or not it picks up a little momentum later in the afternoon. you mentioned that recall. this time it's ford. ford is recalling 830,0002012 to 2016 lincoln vehicles and all other ford vehicles. this is because the side door latches might come open. as the result of this. that's prompting the recall. if you have a ford between 2012 and 2016 model years or a lincoln between 2012 and 2016, take it in and have it checked. that was the worst performing division this latest quarter. they are going to focus on basically shoes and apparel. they will stop making s, golf balls and golf bags. they will focus on the golf shoes and also the apparel. tiger words was spo

when under armour and nike is so well and they've shown a growth.hey've had a focus on a rebranding effort. >> year to date up 61%. >> second place would be under armour. >> i have nike as the gold because when we get to the track and field i think the -- webco had the speedo suites where everybody had to have a swimsuit that was making you faster. these are suites that people are wearing while they're running and they're going to sell a ton of them because there are more runners out there than swimmers in my opinion. i think that nike if they do this right, in other words it can't be a mistake like under armour had with the winter loic olympics and those speed skating suites but if nike does this right they will walk around with gold. >> that's what jim has as well. you're not say not close. >> it's a question about the stocks more than the company. so you put up that chart earlier -- >> all we're talking about is the stock. >> we're talking about how the companies are doing but if you look at the stock, the prices of the stocks -- >> did i miss so

thanks to nike and olympic gold medal winner.ike delivered 70 pairs of infant size athletic shoes to babies born at the anne arundel medical center. i guess they are not doing too much running but a great gift. leon: no time so maureen: special shoes in honor of an annapolis native that became the first american in more than 100 years to win gold in the 1500-meter race. the shoes will not be sold publicly. you cannot buy them. they are green with orange nike logo representing the colors of the rio olympics. one day they will be very valuable. leon: no doubt. we don't want to see more orange in the town. the nats don't want to. the o's have been having their way with them. robert burton is standing by at nats park. nats hope they are not going to get swept tonight. make sure it doesn't happen, robert. robert: try to avoid a sweep and trying not to lose five straight. now is not the time to lose the games. also a special person at nats park tonight. helen maroulis, gold medalist. she will be honored before the game. ♪ amazing sleep

nike has been fighting counterfeits for years. but when you shop online go through nike.com so you don't waste your money. i'm john matarese, abc7 news. chief lanier: the city gave me an opportunity when many would not have. alison: saying goodbye to the district. what is ne chief -- people's chief? a transformer fire knocks out power but that is not the only serious problem it caused. the cell phone customers who can't call 911 now. >> certainly i will panic. you hear a kid screaming. alison: the new scam targeting parents and their love for their children. announcer: "abc7 news at 5:00". on your side. alison: we begin on storm watch once again. you know it was just about 24 hours ago when the series of strong storms roared through our area. thunder, rumbling until midnight. when it was over there were trees down and power out across the region. so right now the area is again under a watch. chief meteorologist doug hill is here and he has a check whether we are in for another round tonight. is it similar? doug: i don't think so a

buying everything nike. look at the shelves. flooded. >> why i want>> it how are we saying negative sentiment on a stock that trades 27 times, 12 months, joking? >> not. >> analysts saying -- >> stock peaked around christmas. been in an eight-month down trend. i agree with jim. look for volatility around an earnings report, doesn't give everyone what they want. stock overreacts down side, maybe a better position. no-man's-land flailing nothing dragging me to want to be in it at this moment. absolutely not negative sentiment. trading at an order of magnitude above its peers and over allmarket. >> the past month up 4% compared to the broader market. sentiment has turned, pointing out, yeah. >> long term. >>> more down grades for dollar general. a day late and a dollar short? first the s&p sectors check. look at that. all of them i mentioned before, in the red except for health care eking out a small gain now. more "halftime" straight ahead. no one wayf driving on each ave road. theris o car that can conquet. the meedesenz ass. fiv

nike has been fighting counterfeits for years. it has legitimate stores but go to nike.com so you don't waste your money. >>> a rare sight literally stopped traffic on the courtney campbell causeway. >> you come to work and have no the bay area. a lot of splashing in the water yards off-shore. drew dozens of people. they caught a glimpse of what is called a manatee mating ball. the crowd's interest is for good reason. officials say this sight is something you can only see every three to five years. deciding between suitors for the female could be difficult. there's only one female and up to seven other males vying to able to see that. i did hear it's a once in a lifetime for most people. pretty neat and pretty cool for the little man to see it as well. >> it's certainly a sight. national geographic come to life. >> the male strategy is to push the female into shallow water to mate with her and it can last for as long as three weeks. the male and female takes the stance "you have to earn me." >> i feel we need a little pg- 13 now.

the nike shoe was released just for the olympics. >> you need to be fast, strong, have great technique. we think this particular shoe is so specific to pole vaulting. it helps you do all of those things. >> sean reaches gold. nike is here high above the rio beaches offering cushion. >> we come to the event not to co but to help support them. >> and maybe just the edge sean needs. >> it's 99.9% the athlete. we're hoping to help them that one little last percentage point which might be the difference between winning a gold and winning a silver. >> gold and silver not out of reach for sean barber who competes for team canada to follow in his dad's footsteps. vaulters competing who have akron ties as well. they have qualifications tomorrow morning. you've got to watch for university of akron. sean barber and clayton murphy, one of eight competing in the men's 800-meter final tonight over at olympic stadium. there's somebody else at olympic stadium tonight too, russ. >> oh yeah? >> hey dad. >> ashley mitchell. how about that? >> you got me. works for u.s. track and field doing there. thank

. >>> an announcement from nike could have tiger woods and other golfers searching for clubs, that's come up when "action news" continues. i.inthat guy, gi know that guy, good morning, everybody, looking at the tacony-palmyra, southbound ship traffic is not getting through. head to the betsy ross bridge to get around it. i-95 you can excite at northbound at cottman. no southbound delays heading toward center city. vine street expressway, westbound lanes are reopened. eastbound is blocked off between 76 and broad street. it should reopen in the next ten minutes. pennsylvania turnpike in chester county we have a couple of zones between morgantown and malvern and montgomery county, eastbound past willow grove taking out the right lane. northbound burlington county, 3541, a couple of lanes blocked there, but that zone should clear in the next ten minutes. >> the may be months before septa's rail service is back to normal. transit officials hope to return some of the silver liner cars to the tracks the week of august 21. they hope to have the full fleet operating by november 6th. >> time

oil prices rose 3%. >>> nike is getting out of the golf club business.selling to focus more on apparel, shoes. they are struggling. golf is the smallest sports cat groir for nike. >>> and they will close after labor day. the casino is in the midst of a strike by union workers. they say the strike has cost million of dollars. four of the twelve have shut its doors. >>> just ahead. russell westbrook is getting paid. sports the next. polo! marco...! polo! marco...! polo! marco...! sì? polo! marco...! polo! scusa? ma io sono marco polo, ma... marco...! playing "marco polo" with marco polo? surprising. ragazzini, io sono marco polo. sì, sono qui... what's not surprising? how much money amanda and keith saved by switching to geico. ahhh... polo. marco...! polo! fifteen minutes could save you fifteen percent or more. polo! introduces new, easy-to-swallow tablets. so now, there are more ways, for more people... to experience... complete protection from frequent heartburn. nexium 24hr. the easy-to-swallow tablet is here. are you ready to take the gel envy challen

score big at jcpenney and find select nike athletic shoes and apparel for 25% off and let nike take you to the top. jcpenney, that's getting your >>> good evening. thanks for joining us. donald trump once again courting controversy tonight branding president obama and hillary clinton as cofounders of isis. all while still facing strong backlash for his contentious comments about "second amendment people." clinton hitting back along with even more high-profile republicans rising up against donald, calling him dangerous. here's abc's david wright. >> reporter: tonight donald trump is yet again on the offensive. >> isis is honoring president obama. he is the founder of isis. he's the founder of isis, okay? he founded isis. and i would say the cofounder would be crooked hillary clinton. cofounder. crooked hillary clinton. >> reporter: unprecedented allegations made this evening in florida. one day after he was caught up in another controversy. yesterday in north carolina, he was talking about gun rights and the importance of the next president's supreme court essentially abolish, the second

nike couldn't break in there. they're smart to focus on apparel and shoes and clothing, no one likes it better when shanking drives and blowing putts looking good doing it. liz: interesting. lenore, you think it isdown fall of tiger and his career, what do you think? >> this is almost exclusively a tiger woods story. granted the golf industry is having tough time over past 15 years. nearly 20% drop in people actively playing but thing for nike was tiger. he was the perfect marketing machine. he kind of fell off the wagon. liz: good point. thank you, scott and lenore. lori rothman has craft heinz report second quarter results of the how did they do? reporter: beat on bottom line. earnings per share at 85 cents per share versus 72 cents a share expectation. that is the adjusted number. that excludes certain items. revenues right in line, $6.79 billion. shares of kraft-heinz is up in extended session. because kraft-heinz is announcing it is bumping up the vidend 4.3% to 60 cents a share. liz: thank you, lori. revenue

flag because he was sponsored by, nike. nike air jordans. let's show the stocks.higher. none the less somebody at nike is high-fiving the entire marketing team. somebody at under armor is a little furious. let's bring in magenta clad ceo john legere. we would have flipped out kim kardashian posed on the cover of l magazine with at&t phone, right? >> liz, before i talk about i will pick a fight with anybody anything negative to say about possibly the greatest olympic athlete of all time. and i tell you what? i come down on the side of athletes in this, because, a lot of starving, struggling athletes have contracts in small ways to make a living. liz: right. >> these major agreements are cut with the usoc, and they're highly restrictive what they can wear 24 hours away. i bet phelps coming from one event restricted to another. don't take a shot at this guy. he is the best ever. he is doing his best. by the way we need to let the athletes better way to make a living in this crazy use of marketing, telling them what they can wear is not one of them. go, michael phelps

plus nike works to keep some of its business. you're watching "early today." so you can coax out great flavor effortlessly. hillshire farm. because it's worth doing right. taste so fresh seconds after carving, we not only seal every slice, we double seal it. the results are something to savor. how can this have been washed 12 weeks ago and still smell like springtime? unstopables in-wash scent boosters. the more you pour, the more scent you'll savor. toss it in before your clothes for luxurious scent up to 12 weeks. unstopables by downy. the ultimate in long lasting scent. ? the sun'll come out tomorrow... ? for people with heart failure, tomorrow is not a given. but entresto is a medicine that helps make more tomorrows possible. in the largest heart failure study ever. entresto helped more people stay alive and out of the hospital than a leading heart failure medicine. women who are pregnant must not take entresto. it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren. if you've had angioedema while taking an ace

nike is the official supplier. for the on field apparel. they actually decide whether they get produced. >> . when they get produced. >> . it hopes to have stitched jerseys in stock within the next couple weeks. be patient and nike get with it. >> . step up to the plate. >> . busy making more cuts. >> . the most tenured player on the roster. punter. >> . big surprise here. >> . we heard rumors about this. now official. he signed on back in 2009. he's no longer a member of the team. the broncos are getting ready to enter play in nine days. with a quarter back that's never thrown a regular season pass. in the league. as well as now a punter in >> . parking lot of the it's part of the business. tkeu but it's not fun. >> . before the broncos made the announcement. the veteran mr. consistency and mr. like likable. no longer a denver bronco. >> . they get very close. and you let one of their buddies go. it's hard. >> . he was asked to restructure his contract. and take a pay cut. for the second straight season. something he obvio willing to do. >

check out nike shares, nike announcing it is exiting its golf equipment business.ls, clubs, and bags. the company says it's going to instead focus on innovation in golf shoes and clothing which it will continue to make. it won't be selling the business and nike folks tell me that nike stores and dotcom and wholesale partners will sell the remaining golf equipment. golf is still strong for some retailers. adidas reporting this morning solid results, raising 2016 guidance for a fourth time thanks to, in part, better margins and sales in its own golf business are the one it's trying to sell, double-digit growth rate guys at taylor made brand, but that doesn't really speaks to the broader trend here which is that golf is declining and the u.s. is half of the global golf market and it has seen declining participation. >> go back to when nike got in the golf equipment business that was the peak of this idea that the golf market was broadening out and going to be a lot more people participating, playing more rounds, people did these extrapolations. >> think of tiger woods