nike is right there.ve all of this in the pipeline, they're thinking about this correctly they understand that the transition to the consumers is where you need to be and positioning themselves very, very well. >> all right gentlemen, thank you appreciate your comments, teague, jan, thank you both. sara says hi, and big thank you. it was a great interview >> there was a lot to talk about. we hadn't heard from him since last march >>> buffalo wild wings shares have reopened. they were halted when the earnings came out. kate rogers with an update for us, kate >> that's right, bill, they have been as high as about 24% in the after hours trade. now around 18.5%, remember, they had a really nice beat on eps reporting a 1.36 adjusted versus 79 cents mix on comp store sales. franchise locations, they were down more than expected. company-owned stores fell less than expected. president and ceo sally smith, she's noting fiscal fitness and cost control saying the company has promoting boneless buffalo wings at a ti

it is adidas doing something right and nike not?re's an issue called the cool gap and the cool factor. nike was always seen as the cool brand. shery: you've got to have the jordan brand as well. matt: most people wear sneakers not actually play sports, but because they like the way they look. it's a fashion statement. julie: guilty. matt: nike was always the best at that. what adidas has done is they have caught up. julie: and the cool factor? matt: they have caught up in the cool factor with kanye west and other entertainers. just the whole retro look of adidas is in style right now. some people will say if it's a fashion trend, a to go away. nike is doubling down innovation and saying they are the brand for athletes. that is what they expect parker to say tomorrow. we are the brand that makes products for athletes. we have these cool retro things that we will do my but we are primarily about serving athletes. i think that is the way forward. shery: he is not going to scale back his ambitions here? matt: on the $50 billion, it's ha

nike wasa healthier, lower calorie drinks. nike was a top performer on the dow index overnight.sing by 3% after the company gave an upbeat profit outlook for the next five yea rs. profit outlook for the next five years. nike said it expects digital reve nu es to years. nike said it expects digital revenues to grow from 15 to 30% over that period. the firm is seeing strong sales in china, offsetting slow growth in the us. south korea's economy has expanded at the fastest pace in seven years. gdp expanding by1.4% pace in seven years. gdp expanding by 1.4% beating the forecast by 0.8% gain. due to a strong rise in exports and construction investment. sometimes referred to as middle earth, new zealand is the hotspot for property buyers around the world, it is such an extent that new zealand's prime minister elect has declared no more and is closing the gates. the country is banning foreign buyers purchasing homes in the country to cool soaring property prices. for the latest new zealand properties, we are joined prices. for the latest new zealand properties, we arejoined by my colle

nike has a lot of convincing to do here.hat's down 15% since the last investor day two years ago. it's lost some market share, especially in the all-important north american market and add das, the resurgence of adidas has come fast and hurt nike. it's also hurt the jordan brarngsd so there's a lot to talk about on all of those fronts, from product to stock price and business and geography and, of course, the big shift they are doing more direct to consumer instead of focusing on the wholesale business and what it means for a footlocker or finish line or a dick's which you talk about as well. >> sara later with mark parker you said you would fade this, josh >> yeah, maybe this is a stock in the meantime that's in mo man's land on the charts there is no real accumulation here no real uptrend. all of the spikes that we've seen over the last few months have been extraordinarily fadable. ithink you can stay long the stock as long as it stays above 52 below 52, that's where you run into trouble because the buyers just are not the

off what does that mean for the wholesale partners nike has?y have macy's, kohl's, foot locker, that's 70% of their business if direct to consumer goes up, what happens to those retail partners >> i've been telling you for a long time that brands win, third party sellers lose this is not anything different nike can take sales out of those third party players, bring it in-house, sell it direct to consumer the return on investment goes up when retailers do that, they're basically losing roi as they move online. nike is doing what they should be doing they want to put just enough in the third party players to get full price selling and first markdown selling they want to do everything else themselves direct online at higher returns they don't have to sell it wholesale when they sell direct to consumer. i think everything he told us yesterday is exactly the right thing for nike to do the only question is can he deliver? i think they can deliver if there's a question out there, nobody walked out of that meeting, nobody heard him talk yesterday on cn

nike gets a downgrade at goldman sachs. we'll debate the sneaker giant's stock in today's call of the day. plus, black monday 30 years later. we're breaking down the differences between then and now. plus, firsthand accounts from our experts. and, unusual activity with jon najarian he's tracking the key moves in the options market and how to trade them the "halftime reportwi stt" thco wapner and the traders is back in two minutes impossible to ignore. the strikingly designed lexus nx turbo and hybrid. lease the 2017 nx turbo for $299 a month for 36 months. experience amazing at your lexus dealer. >>> after ibm jumps at least 8% in one day, the bullish move tends to continue. according to our data partners at kensho, two weeks later big blue is up 5.5% and tech is up 1.6% this is a period where the s&p is up slightly for more go to cnbc.com/kensho >>> we're back on "halftime. nike downgraded at goldman sachs today. the firm pointing to inventory overhang and overseas weakness it's our call of the day it's to neutral, but jus

nike also sees revenue up in the high single digits over the same time frame. ceo mark parker says naturally the u.s. is critical, but overseas markets will also play a big role in thh. >> we also see that in asia-pacific, latin america, and of course europe. all parts of international business are going to be growing. china is the biggest. if you look at the population, the target population in china for nike, it's really moving toward ten times of what it is in the united states. and the appetite for nike in china as the number one brand is incredibly strong. >> wall street liked what it heard, sending shares up nearly 3%, making nike the best performer in the dow today. >>> shares of the health insurer anthem touched their highest level in a year after higher premiums and stronger medicaid and medicare enrollment helped that company easily beat quarterly earnings expectations. the insurer also raised the lower end of its full earnings estimates. anthem says it sees its participation in the affordable care act plans to drop sharply next year amid what it says

- get off the desk and nike -- this was not harvard yale, you know, nike decided they want to put theseuys down and nike has that capability. don't forget i first thought it was sports authority going away but their sales are down everywhere. i think kevin is a terrific guy. i really love -- been on the show many times, something happened and it's not just nike. they have to refocus they've got to get the inventory out too. wow. what an inventory bulge. this stuff is going to be just given away. >> but the numbers by the wait north america sales down 12, apparel down 8 footwear did imagine a gain up 2. >> i remember when footwear, i thought that would be the death of them. but those are staggering figures. this is major company. >> how many quarters did they have of 20% plus >> they were smoking hot look, they were not british knights and fila, not l.a. gear, which really did have shallow roots. but it was -- look, nike decided we're not going to let this happen and mark parker is going to -- he's a velvet glove. he's one of the toughest guys in the world, comes off as being a sweethear

these are nike jerseys. this is the first time nba has used nike jerseys instead of adidas.ars. gary asks if darya thinks if the jersey splits on lebron, people would be worried about buying it. we got to get to the bottom of this. gary asks where it is torn. the jersey tore right down the back between the numbers 2 and 3. nike is investigating this. this is not okay. gary says it is a big deal. it is a big deal. when i buy a jersey from nike, i expect it to hold up.( darya ) we're also going to get to the bottom of the game where gordon hayward disappeared. he showed up last night just on the big screen from his hospital bed to say thank you. you saw he dislocated his left ankle and fractured his tibula tuesday night. looks like he is going to be out for the whole season. gary says you got to give him credit. doing something right from his hospital bed. he's got spirit and cares about what people think of him it would be safer to have a body double do the stunts.( darya ) i say body double because if it was klay you might say who is the real klay? gary says if you look fast

ge, nike or disney of the dow laggards tim, start with you. >> i think nike, and again, nike's weaknessink nike. and again nike's weakness to me, the guidance to the market fx has been probably 25% of their short fall and the revenue guidance from 2015 investor day. obviously tremendous competition in north america, obviously directed consumers a big secular issue. again, they can cyclical, unlike the other companies, disney's got major cyclical issues. nike, good for them, it's the most misunderstood stock going into earnings and analysts are out of earnings going into investor day, there are catalysts ahead and the perception in the community, the bar is too low >> i like this game, would you rather rather. pardon me, there's a couple different choices. >> i'm surprised >> i would take general electric at this point. i have not been a ge fan for quite some time, we talked about honeywell's performance over the last decade or so. but i think nike's facing some serious competition, specifically in the form of adidas, which david seaberg has done an amazing job. disney, they're still sec

what about nike? nike holds an analyst day, wednesday and many people are ready to pounce with good news does it have any this industry saved skechers, and it has about stepped on. i don't sigh anything that could change that, it could bottom but that's not worth the stuff of making money thursday morning, numbers from bris stol meyers the stock's a market darling i don't have a thesis for onion but i do know it's back on top with the popular favorite. the business coming in right now is raytheon. thursday evening is one of the most exciting moments in our business, at least for me. alphabet, amazon, microsoft, they all report. i believe alphabet had a strong quarter with good montization of youtube. amazon competes for cloud services business with microsoft as your division we'll see if data center is still growing at a blitzering take intel will tell a story -- remember it closed in a -- friday is our day for judging the big oils after the slowly disappointeding action of stock slummer gee, from wha

nike inched up 1%.erarmor has lost a stagger 3% the f corp is a lotless diversified with a lot of exposure to athletic ware. every since the sports authority went bankrupt the sports authority pace has been struggling lots of stores got shut down, fewer places to buy the stuff, lots of excess inventory floating around. thing just keep getting worse. so what's causing the weakness is this something the industry can recover from or is it terminal this industry more butt. in 2015 apparel places alone -- business was booming stocks had given it the remarkable runs. then the industry smashed into a retaining wall called sports authority. authorities authority was a major player now in january of 2006 right near the height of a leverage buy out, boom, sports authority agreed to be taken private by a group of investors led by leonard green and partners the problem with the leverage buy out is the leverage. sports authority ended up taking on a lot of debt fast forward to january last year the whole thing came

. >>> and finally, nike holding its first investor day in overtwo years.hat to expect ahead of sara's interview with mark parker later today. >> but first up, earnings front and center three dow components, boeing, coca-cola, visa, all beating estimates. some names reported after the bell last night on the move and getting hit, especially chipotle we haven't seen a move like this for chipotle in years. the stock now down double digits, mike, we were on closing bell yesterday we knew this was going to be a doozy. they missed on comps, on margins. i counted nine analysts who took down their targets this morning. questions over visibility into a recovery >> the conference call did number to help i think people felt like there was not a secure line of sight as to how they get the comp sales back a lot of fixation on the small stuff like the queso roll-out and things like that at some point, you're looking for a give up trade in the stock. people thought maybe it was struggling to bottom above 300 that's given away and now it's got to find a new level. >> at&t,

katy bring the half-court shot at a nike event.veryone in the crowd t a free t-shirt from nike because katy came up big and made the ot. >>> radar nation is fired up after derek carras spotted throwing a practice pass in the last f days. ep in mind the typical recovery time for this type of back injury is two to six weeks. at the beginning of today's press kerchs the head coach shot down any questions before they were asked. >> there are a lot of questions injury reports, and that's what they are. i'm not going to talk about injuries and what we may not do or who we may not play or win. we do have a number of guys that are questionable. and we've got time before we tee it up. >>> to baseball- game one dodgers play for the bottom of the first. had it on cruise control uil the seventh and then gives up homers on back-to-back pitches. thatade it 7-4. but there would be no clapse tonight. the dodgers gonto win it. they take game one. your final, 9-5. >>> h eagles theinth to finish the front, and 30. and he would stay hot on the back on

times that of what it is in the united states the appetite for nike is strong. it's a digitally based partner >> we just looked a the a chart of the china sales, which are still a bright spot within your report but they have slowed we're not seeing the 30% growth that we saw several quarters ago. can you get to that point or is it the size of the business that's not allowing that >> as we look long-term, our prognosis notice for growth in china is quite bullish we feel strongly about not only where we are in terms of the brand but in terms of the product. the connections we're making with the consumers throughout china. the other thing, the back drop factor there is that the population is a lot more active. we see 400 million people in china that are active at least a week and that's growing. >>> comments from the saudi crown prince he says saudi aramco will be listed in 2018, details are under discussions. there's been back and forth on whether this ipo is on track and where it will be listed. he said the valuation could be more than $2 trillion, and that saudi

they will if you are out nike shows. here is what the temperatures will be. they also help you on what you should eat. there are different times of customer relationships. this ties to my overall position for all the startups i'm doing. you are seeing startup after startup to cast these market transitions. i do a lot of things i can do better. but i don't miss market transitions. we combine productsage outcomes. if i do my job right you will see these 10 to 14 companies, perhaps 3, 5 or more go public. and so far each one of them is on a tremendous role. my ability to get market transitions right. part of them are in paris, germany and india, then say how do we create a startup nation again in the u.s. where we create 300 public companies. ipos are the tip of the iceberg. the more companies going out of business than into business. you know that means there will not be jobs if you will 5-10 years from now, especially in mid-america and the southeast where i am from. i see this in every location. maria: the number of startups going public in the u.s. has dropp

they will if you are out nike shows. here is what the temperatures will be. they also help you on what you should eat. there are different times of customer relationships. this ties to my overall position for all the startups i'm doing. you are seeing startup after startup to cast these market transitions. i do a lot of things i can do better. but i don't miss market transitions. we combine productsage outcomes. if i do my job right you will see these 10 to 14 companies, perhaps 3, 5 or more go public. and so far each one of them is on a tremendous role. my ability to get market transitions right. part of them are in paris, germany and india, then say how do we create a startup nation again in the u.s. where we create 300 public companies. ipos are the tip of the iceberg. the more companies going out of business than into business. you know that means there will not be jobs if you will 5-10 years from now, especially in mid-america and the southeast where i am from. i see this in every location. maria: the number of startups going public in the u.s. has dropp

katy brings the half-court shot at a nike event.veryone in the crowd got a free t-shirt from nike because katy came up big and made the shot. >>> radar nation is fired up after derek carr was spotted throwing a practice pass in the last few days. keep in mind the typical recovery time for this type of back injury is two to six weeks. at the beginning of today's press kerchs the head coach shot down any questions before they were asked. >> there are a lot of questions on injury reports, and that's what they are. i'm not going to talk about injuries and what we may not do or who we may not play or win. we do have a number of guys that are questionable. and we've got time before we tee it up. >>> to baseball -- game one game o dodgers play for the bottom of the first. had it on cruise control until the seventh and then gives up homers on back-to-back pitches. that made it 7-4. but there would be no collapse tonight. the dodgers go onto win it. they take game one. your final, >>> he eagles the ninth to finish the front, and 30. and he w

they will if you are out nike shows. here is what the temperatures will be. they also help you on what you should eat. there are different times of customer relationships. this ties to my overall position for all the startups i'm doing. you are seeing startup after startup to cast these market transitions. i do a lot of things i can do better. but i don't miss market transitions. we combine productsage outcomes. if i do my job right you will see these 10 to 14 companies, perhaps 3, 5 or more go public. and so far each one of them is on a tremendous role. my ability to get market transitions right. part of them are in paris, germany and india, then say how do we create a startup nation again in the u.s. where we create 300 public companies. ipos are the tip of the iceberg. the more companies going out of business than into business. you know that means there will not be jobs if you will 5-10 years from now, especially in mid-america and the southeast where i am from. i see this in every location. maria: the number of startups going public in the u.s. has dropp

already capitulate they said they are going to be working in having on amazon, interesting. >> nikeur lululemon. >> so companies, are now having to figure out basically no more brick and mortar no more omni channel what are best venues for distribution amazon one of them plays into amazon being biggest threat against facebook and google now they have data what you shop for what you bought in the past listen to watch, then companies like nike will pay for that data to place to you target demographics this is playing into the hands of not only the advertising model they have but, also, for -- >> under armour down this morning. >> just last week we were talking about how companies are getting out of vertical gravitati integration with a do they know about -- designing -- >> what do they know about grocery. >> delivery business, design a pea of tennis shoes, but -- >> dresses are fantastic they don't get into businesses unable to deliver on at some point a tipping point on companies i don't think we have seen that tipping point with amazon just yet. >> yeah. >> a good point though i thi

some of the things vendors as gap and nike what does that mean? quality out of amazon perhaps?that going to put pressure on the vertically integrated players? >> sure. so certainly we've heard rumblings about amazon going into ath leisure it sounds like of course they are. they're going after every category that has high return and certainly ath leisure would fall into that category here yes, they are going to use the same manufacturers as the big guys, as nike. so you have to look at that. from the consumer's perspective, why am i paying all of these premiums if i can get it private label for a cheaper price? >> how long before they get a consumer ground swell for amazon branded ath leisure. if i'm shopping for some kind of workout gear, am i, i guess, even a aware that i'm buying is amazon's own brand how long does it take to really, really eat into a nike or an a -- adidas. >> sure. when amazon does a branded private label that a consumer doesn't necessarily identify that as an amazon brand. the price, if it is compelling enough, the consumer tries it once if they like what

coming up, 90 offering discounts -- nike offering discounts on groupon.rg. ♪ is bloomberg markets. slowing demand in the u.s. has prompted nike to do something it has never done, offer heavily discounted products. 8-hourounced a 48 -- 4 sale. there is an urgency here when it comes to nike and getting sales going. guest: yes. i think the sports industry is a good industry to be in. i do not think there is a's slowing demand in the u.s.. a couple things have happened here. one, there is a shift from brick-and-mortar which is something happening in retail. for some reason, the athletic category state resilience four years. i think this is finally happening. ships withinng is the category. there are definitely issues here. i think it is kind of a temporary thing. julia: when you say with being a bit of brand shift, it is shared out among other names. scarlet: trainers. julia: people are just buying other brands. chen: i do estimate a big change around 2014 that they adopted a new strategy. they went back to models that have not been around for years. the supe

it's easy, there's nike and there's an upstart name in under armour, how about when you're like nike,sn't like companies that are like nike and also of course we saw the incredible resurgence of adidas out of nowhere and then you had sports authority but you have a secular decline. people want to say it's because stores closed but there's a secular decline in kind of appar apparel. i think as much as kevin plank wants to do whatever he wants to dor do, they have to cut the stuff there's a tjx next door, they have everything. it used to be premium -- place -- >> i said i go there all the time, only way i buy under armour clothing. >> honestly, melissa if, you go full price big thing in kohl's and match made in whatever. >>ness really incredible. >> jim, sir martin sore rel said there's been no margin shrinkage in digital advertising, what's happening to the ad companies? what are they saying >> we really don't need the ad companies, you give a check to alphabet and they do everything. it's a really good way to go. >> amazon, everybody -- >> russians. >> russians, yeah. >> i mean, if th

equality with the nike kicks. linked arms for the plane of the national anthem.ers took part in a discussion yesterday. about how to progress talks in is set to be the misuse -- the issues. we did not ask for that. we spend today talking about the issues that our players had been trying to bring attention to about issues in our community the meetings were positive. he was invited to attend. just like on election day. he was a no-show. i've spent a lot of christmases in iraq and afghanistan. i also feel strongly about what they're protesting. i believe there is forget the merit behind it. it's obviously not a very good business decision take what he just said and play that on a loop. it's down 10% much more so for republicans than democrats. the interest is up in college football it's nfl is losing americans as pro football plan -- fans. there is a huge jump between what republicans and democrats you see a lot of deceits. you have a lot of options to nfl football. jared thank you. we will take a break. and at $4.95, you can trade with a clear advantage. fidelity,

not the first time a nike nba jersey ripped. tyler ennis' jersey ripped in the preseason. team with the queen. so many are speculating the couple might already be recently quit her gig on the hit tv show suits and the rumors are she'll move to england soon. although tea with the queen when you're related to the queen do you have to make an appointment to -- >> probably. >> they did. if that's not bizarre enough some think the woman standing next to the president of course the first lady of the united states of america, or is it? the conspiracy theorists are out leading some to suggest that the first lady has a body double and that's not really melania trump. really? some point out that it's odd she never takes off her big sunglasses. >> okay. >> conspiracy theorists think since the president went to great lengths emphasizing to reporters hey this is my wife some say is it? is it really? [laughter] >> i would not be surprised if every important person like that had a body double. just wouldn't. >> i would just be -- >> i think i saw a movie about that once. >> i would be si

transcendent marketing, marketing got better and better in 1990s and turned into high art in era of nike and michael jordan. as companies up the ante in marketing and design think divested from the world of work. they sold off factories and giving contracts to whoever was willing to produce their products as he could -- cheaper. we've been on this journey a long time. you work at global exchange in the '90s was part of the process of exposing the horrific conditions under which some of the most valuable brands in the world, nike, disney, were making their products. i look at trump as this hollow brand, and by hollow i mean a company that adopted this paradigm of we're not in the product business. this is what -- this was the big shift i was tracking in no logo, used to be realup until the '80s that the iconic brands in the american marketplace were manufacture erred, made products and then branded the products with logos and marketed them. in the '90s the order flipped and you started to see companies anointing they were marketers first in the ideas business and they projected their big

does nike lose they have to grow internationally. but adidas is on fire. it has upside. >> up 18% for sarat? >> they own match and tinder a lot of tail wind here. >> range resources, joe, up 15%. >> yes staying with half the position sold half the other day around 20.5 like it. >> as we mentioned, not every pick worked out, at least not yet. >> pricing power, all but lost impact of uber, don't touch it >> i like the airlines i like this airline. i think it is a great group. i'm still in american and delta and i'm staying there. >> ten-year highs. keep an eye on this. i think it is ready to break out. >> things happen with bryson stock reflecting true value there. a turn-around story and a great management team. >> all right i've said good, bad and ugly and some airlines have been just ugly united down 24% and delta down 12 each. >> i apologize to producers who had to work hard to find things that didn't work in my portfolio. i own american and delta -- >> contrary to what they told me >> i've sense added to delta and american and united around 59 level. th

that's not actually surprising nike has had problems with north america. everybody is having problems with north america, but you've got to the find companies that can have offsets nike does, so under armour, not only do they have north america exposure but they have product issues, right, all the performance stuff. they don't have lifestyle, that's going to take some time it's still expensive because numbers keep coming down even though the stock prices come down, numbers are coming down pretty big time >> what plank said, we look to close out 2017 do not expect these conditions to improve, he said. visibility is poor. >> right, and you're hoping that kevin has thrown in the kitchen sink here. do you go and buy this stock here absolutely not because you need evidence to suggest you're marking a turn, but when you're running inventory up 22% and your sales are down 4%, when your guidance just a couple of months ago is suggesting 20% growth in q4 and now given your full-year guidance it's flat, these are metrix that cannot be ignored. i agree completely abo

, ge, utx and merck a touch. >> disney and nike, a lot of those kids portfolios that people set asideborn >> lump those in with apple, all associated bob iger on the apple board. >> ibm tonight i assume you'll have your eye on that, right, jon? >> of course >> let's get over to the judge at hq. >>> and welcome to "halftime report," i'm scott wapner. our top trade this hour, finding value in a record breaking market with the dow crossing 23,000 for the first time ever earlier today, which stocks can still deliver for your money with us for the hour to discuss and debate that, jim leeben that will, john and pete najarian we begin with one of the best past performing of the decades, bill martin beaten 99% of his peers over that period, he is with us today with two eye

nike will fever -- favor retailers that give nike in- store space with trained employees to help customersans to reward retailers with exclusive products. >>> pillsbury is rolling out a new healthy cookie dough. general mills says the new cookie dough has more natural ingredients and the new recipe has removed artificial colors flavors, preservatives and conserve but consumers say that the good flavor is gone. general mills has not reacted yet to the criticism. a lot of people are asking can they safely eat the cookie don't know. >> what is the answer on a processed product? at home you're not supposed to eat the raw eggs. >> honestly i have heard that the sugar in the cookie dough would kill any problems with the eggs. i know many people who have eaten cookie dough for years. >>> let's check in with sal to look at the commute. >> we are looking okay. not great but okay. let's start with the south bay commute. on the map we are slow and all morning long we had a slow drive from morgan hill into san jose. we have also had traffic slow on other commutes. if you're driving to the bay bridge t

body by young nike looks at. the roman sixty minutes. w.'s program guide to the lights. the whole. dot com highlights. when i'm traveling to be comfortable. but i also want to stay up to date on the latest news and events. and e.w. make snap part of traveling easy just because it's available and thousands of her talents resorts and cruise ships worldwide. have you found the domain sign to send us a picture that shows d. w. in your room you could win a great prize d.w. dot com travel quiz. welcome to arts twenty one from berlin. where do you post your photos on instagram flicker tumblr and facebook or do you stick them in a photo album like up parents and grandparents.

interesting, by the way, we talked about the nike downgrade. down 40 cents.eople are saying, what else do you have for me. give me the gilead people are excited >> it's interesting, though, yesterday, ibm, of course, with that very strong performance, following through today, not down at all. in fact, still up 27 cents and this morning, as we've said, verizon on the strength of better than expected earnings, powering the dow again, up 4.5%. >> i had martin schroeder on last night for an exclusive interview. >> yes, you did. >> it was very clear that he made it, this is not a one-off quarter. it's the beginning but next year could be really, really good. it was an exclusive interview on "mad money". >> and you have been exclusively, quite positive recently on ibm. >> yes, i have because exclusively, i have felt that remetty has put together a company that's good. one of the things that's absolutely true about these guys, the ibm guys, a security network, encrypted, is what the jpmorgans like walmart likes it >> and security is very important. >> it's a lead sa

nike sales in north america fell 3%, last quarter.etail analysts say the sneaker industry is like the rest of teen retail, now it sees -- now it needs sales to move on. vonnie: a little bit of an quality in the sneaker industry. everybody wants the one sneaker that is making headlines. still ahead, we will hear from our interview with christine lagarde. madame thinks about president trump's push for u.s. tax reform. this is bloomberg. ♪ shery: welcome back, let's head to washington, d.c. were global finance leaders are gathering for the annual meeting of the international monetary fund and world bank. tom keene talked to imf managing director christine lagarde. about president trump's plan for tax reform in the u.s. christine: for two years now, we have repeatedly said that a tax reform was absolutely needed and necessary in the united states, in particular a corporate tax reform. mind, nono doubt in my ambiguity about that point. it is needed, necessary, we call for it and we look on the decision to think about a tax reform that woul

nike sales in north america fell 30% last quarter.er industry needs sales to move product. the competition among cities to secure amazon's second headquarters heats up. we will hear from the washington governor. how they keep talent in the state. this is bloomberg. ♪ emily: a new milestone for bitcoin. the cryptocurrency rose to a record, smashing the $5,000 mark. recently as december, bitcoin was trading at recently, there $1000. were reports that china would ease regulations on bitcoin. cities across the u.s. are ramping up their campaign to secure the location for amazon's second headquarters. initial bids due washington october 19. governor jay inslee knows what it takes to keep tech firms happy in his state. they talked about how washington learners tech talent to the state. >> this is a signal of amazon's incredible success. they are growing faster than any other corporation in world history. they are still adding another 6000 jobs in seattle with hundreds of square thousand feet so the growth will continue in washington state.

$9.99 flannels for him only $12.99 denims for her just $24.99 get the lowest prices of the season on nikeselectrics only $4.99 after rebates plus, the big one bath towel is just $2.99! stock up, save big and get kohl's cash! it's the lowest prices of the season wednesday through sunday only at kohl's! thover at olive garden starting at $9.99.l is come in for over 100 combinations of pastas, sauces and toppings. even grilled chicken alfredo. plus all the garden fresh salad and breadsticks you want. the best things in life should be never ending. never ending pasta bowl starting at $9.99. only for a limited time, at olive garden. give everyone something they'll love order olive garden catering. by living off the grid. completely. or... set the washing machine to cold. do your thing. energy upgrade california. grown right here in california, with absolutely no antibiotics ever. a better way to grow, a better way to eat. and it starts with foster farms simply raised chicken. california grown with no antibiotics ever. ♪ >>> the stars at nig big and bright. but by dawn, deep in of texas, there w

. >> to your right shoulder i see a pair of what looks to be sneakers i know nike wants to permission sneakers but you got to do it in pass production in a inexpensive way. does 3-d printing allow for that in an inexpensive way? >> we wasn't interested in home base printing, we see this not as the $5 billion market it is today we really want to disrupt $12 trillion industry. you were there in the beginning with us when we first launched our technologies a couple of years ago and we said we'd get a into that business wen we can interrupt it with speed and cost and we have that today the productivity continues to improve. the influx was $55,000 or less to complete them in 2018 that'll be $103,000. that's going to open new applications nike's an incredible partner of ours andworking on this kind o technologies in other industries whether bm w or johnson & johnson. >> what can you do for j & j >> they serve a billion customers a day. but the goal is to serve 3 billion customers a day. they foe they can't do that with traditional manufacturing. they gave me an example, i hope you never see

. >>> nike is shifting away from traditional retail. company will revamp its strategy including emphasizing 40 retailers out of the current 30,000. nike will favor retailers that give the company in-store space. the company plans to reward retailers with exclusive products. >>> the houston astros are one win away from being crowned world series champs after beating the dodgers last night in extras. the game did not leave up to the billing turning into a slugfest with both teams trading leads. the dodgers blue multiple leads. houston took the lead into the ninth and then blew that. the game went into extra innings tied at 12 and then in the bottom of the 10th. >> in the air to right field. here comes fisher. astros win. >> the winning run comes five hours after first pitch. the astros are now in the lead and it is up to the dodgers to defend home field. first pitch is set for 5:20 tomorrow night. i keep thinking back to 2002 when the san francisco giants went to southern california with the lead thinking they needed won and it did not tu

recently about nike, also not doing great in this environment. on a relative basis, they have been doing better than under armour over the last several years. you can see both of them rallying strongly at the end of 2015, early 2016, but nike has gone sideways and slightly lower ff inreas the drop of under armour has been a little more dramatic. adidas has outperformed both of them, and that is one of the issues as well. competition doing better. david: julie, thank you. capitol hill, well they play tomorrow?ft expected we will speak to terry haines from evercore isi. he will be joining us from washington next. this is bloomberg. ♪ shery: welcome back. this is "bloomberg markets: balance of power." i'm shery ahn. david: i'm david gura. let's get a check on the first word news. >> president trump are new to his twitter attack on the fake news is working overtime. robert mueller appears to be building a case that the trump campaign was in close touch with russian officials, who wanted to defeat hillary clinton. he revealed that george papadopoulos

drains a half-court shot at a nike event.he entire crowd got a free t-shirt because nike, because durant made the shot. k.d. looking like he's already in mid-season form. and we still have three more games left, or two more in the preseason. >>> derek carr has raider nation fired up. he is listed as questionable against the game versus baltimore. the back injury of this sort is listed two to three weeks. the coach shot down questions about him before they were asked. >> there are a lot of question marks on the injury report, and that's what they are. so i'm not going to talk about injuries and what we may or may not do and who we may or may not play and how we are going to utilize people. i'm not getting into all of that, but we have a number of guys questionable. and, you know, we've got time before we tee it up. >>> quarterback news on the college front, stanford's keller chris will start at utah for the cardinal. chris was hurt on this play against ucla in last week's win over arizona state. the red shirt freshman looked g

drains a half court short at a nike event. crowd got a free t-shirt from nike because durant made the shot. >>> raider nation is fired up after derek carr was spotted throwing passes at practice the past few days. carr is listed as questionable for sunday's game versus baltimore. keep in mind the typical recovery time for his type of back injury is two to six weeks. at the beginning of friday's press conference, head coach jack del rio shut down any questions about carr's health before they were asked. >> there are a lot of question marks on the injury report. and that's what they are. so not going to really talk about injuries and what we may or may not do and who we may or may not play or when and all that kind of stuff and how we're going to utilize people. i'm not going to get into all that. we do have a number of guys that are questionable. and, you know, we got time before we tee it up. >>> to baseball, and 13 proved to be a lucky number for cleveland. the tribe needed 13 innings to pull off an epic comeback for the yank

nike says it's hyperadapt 1.0. it uses air pressure to tighten straps. if you're old fashioned, like me, there are buttons on the side that let you do it yourself. the shoes will become available in the next few months. marty mcfly, of course would be proud. $700, denise. i don't know. >>> whole foods promised to change its whole paycheck reputation when it merged with amazon. a research found that prices only dropped 1.2%. the firm price checked more than 100 items. 17 of them got cheaper and most stayed the same. more than a dozen items had a price boost, including frozen food and snacks. and say good bye to aol's running man. they will retire the service in middecember. the service began 20 years ago as the first social interaction on the internet. how time flies also gone will be the embarrassing screen names users gave themselves when sending messages. >>> up mexinext rolling back th clock on women's health. >> that's what one leader is saying. some religious leaders say it's a return to commonsense. it could affect your family and health coverage.

competition and shifting taste for weak north american sales are to blame neither under armour nor nike will call out the share adidas are taking wholesale revenue fell 13% consumer sales did rise 15% but direct to consumer is half the size of under armour's wholesale business margins fell more than expected. the shares are down 17% or so today with more than 25% short interest in the stock. we should note that plank has held a majority voting power through a separate voting class of shares since 2015 if you're unhappy, you might have a tough choice there with the way he holds the power >> where did they go wrong what stopped being hot >> i think when they pushed big into shoes which is something that they -- you have to get really right when it comes to performance. i think they've just fallen there. improved a little this quarter over last quarter but still not where they want to be or where they should be for the amount of money they have spent investing there. that's an issue. the apparel is falling off i know some folks we talked to, when you have little kids that aren't too wearin

drains a half court short at a nike event.e t-shirt from nike because durant made the shot. warriors will play minnesota in the final of two preseason games on sunday. >>> raider nation is fired up after derek carr was spotted throwing passes at practice the past few days. carr is listed as questionable for sunday's game versus baltimore. keep in mind the typical recovery time for his type of back injury is two to six weeks. at the beginning of friday's press conference, head coach jack del rio shut down any questions about carr's health before they were asked. >> there are a lot of question marks on the injury report. and that's what they are. so not going to really talk about injuries and what we may or may not do and who we may or may not play or when and all that kind of stuff and how we're going to utilize people. i'm not going to get into all that. we do have a number of guys that are questionable. and, you know, we got time before we tee it up. >>> to baseball, and 13 proved to be a lucky number for cleveland. the tribe

i'm watching another dow component we're about to get nice on which is nike, of course, in this investor which kicks off this hour. we'll bring you the headlines, especially the new target numbers that we're expecting them to update. >> meanwhile, smaller tech names also taking some people's breath away we mentioned amd, dow, down more than so% this morning. grubhub knocking on the door of its 52-week high approaching a $5 billion market cap again. it's up 9.5% at this hour. people ordering out a lot. >> yeah. >> not a packed calendar tonight. amgen and buffalo wild, a chance to rest for tomorrow which is going to be insane. >> all the tech names. >> let's get to the judge and "the half. >>> and welcome to "the halftime report." i'm scott wapner our top trade, the market selloff on this higher move in interest rates yields climbing now to their highest level since march leading jeffrey gundlach to suggest the moment of truth for the bond bull market has arrived, as well for stocks. with us josh brown, steve weiss, jon and pete narngian. the selloff accelerating within the past hour, most

and nike under armour put on there is the lower end of their offering.also said something about what people buy on amazon. scarlet: thank you, julie hyman, who does not get her athletic apparel from amazon yet, right? julie: not yet. scarlet: at the close, modest gains here. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. >> u.s. stocks climbing to record highs and treasuries rallied. they gather her glasses. dollar pared losses. joe: if you are tuning in live on twitter we want to welcome you to our closing bell coverage every day from 4 p.m. to 5 p.m. eastern. scarlet: we have stocks rising once again. i believe this will be another record high. just sho