and number three, nike up 15. >> nike is one of the stories of the morning, for sure.ake a look at shares of nike this morning skyrocketing to new heights after the company came out with earnings last night. nike posted the first sales increase in north america in a year that was critical. it gave investors something to cheer in the form of a new year four-year $15 million stock buy back program they wanted to hear that the growth in north america is going to be sustainable. here is what the ceo said on the call. >> much of what you said in terms of q4 in terms of the momentum that has been building, we'll see it continue throughout the fiscal year. and then i put an exclamation point on the product being a driving force, beyond executing some of the basics that are across the board. >> so he chalks it up to the products and bullish on the prospects for the u.s. which is 40% or more. this was nike's first big report since the corporate culture scandal this last spring lead to the exit of 11 key executives. they addressed it in the march call but clearly trevor edwards

obviously, nike would have been a better choice, had the big jump today nike isstill an interesting stock, but i think for those watching at home, if you still want to buy it, this seems to be a high level you might want to consider out of had money puts like the july 77 puts trading arounda dollar that's something to consider under armour itself, i feel like they have really narrowed their focus of their business. maybe putting in a bottom for a little while i don't expect great growth necessarily for this year, but i do expect some growth and i think they have gotten their feet under them in terms of focusing on the athletic wear they do well >> quick trade here, josh. >> nike broke out over 70. clear as a glass jim and i talked about it on the show in real time. i didn't take the trade because i'm a punk you're long. are you long >> i'm not i'm with you i missed this. i hate it, but look. the stock had resistance broke above, retested on light volume and took off. in my opinion, news tends to follow in the same direction as trend. for the most part. so it's not a surprise that nike has

there was an obvious nike swoosh in the middle.ecking revealed it was a nike impact tomahawk, big, maybe close to a size 12. but who wore them? who would do such an awful thing? and why? >> in our area, we just didn't have a husband and wife in their 60s in a multimillion-dollar neighborhood killed for no reason. >> reporter: investigators poked around the scherers' background looking really for enemies with motive. and it turned out they had some. or at least ernest did. >> ernie was a very passionate person on his views and he wasn't afraid to let you know how he felt. >> reporter: guy houston, a former california state assemblyman knew ernest and his conservatism. >> he did make people angry, but it was all in a political -- it wasn't a personal basis. it was all political. >> reporter: besides, what happened to them was too ugly even for politics. and as for charlene -- >> i don't know anybody who didn't like her. >> reporter: -- here was her friend from the mormon church. >> her confidence, her command, her good heart, her abi

. >> nike's big run. sales were strong in north america for the first time in a year as t dow component turns in a better than expected quarter. >> place your bets. atlantic city re-opens two casinos, but will they improve the city's fortunes? those stories and much more tonight on "nightly business report" for this thursday, june 28th. > good evening,everyone. welcome. amazon is making a big push into thharmacy business. uithe online retailer is aing pill pack an online pharmacy with a nationwide reach. that's the type of move the health care industry has been feing for some time because some see amazon's entry as a way to upend the traditional market for prescriptio drugs. that sent shares of walgreens, cv and rite-aid lower. it also pressured stocks in the drug distribution industry. meg tyrel takes a look at if amazon took its first step to be a majorye p in health care. >> reporter: amazon is the great disruptor from books to retail to grocery stores, the entrance of amazon signalled massive transfor

nike is its own asset.moved from 50 to 75 is a little hot does it rest or does it pop again on its number? my hunch from a charting point of view is that it is a little hot and is basically likely to consolidate back sometimes stocks are fairly priced it kind of belongs right here. >> that's kind of my point and why i'm playing it this way rather than putting it on a premium outlay which would require something to happen. this is a trade that makes money if nothing happens or if the stock trades lower of the of the things that could happen, higher, stays right here or goes lower, two out of three of those are good things for this trade if it does rally, you think about it, your risk will be 60 cents. the most you can make is 40 cents. even if it did rally through you have a chance to cover it for something less than that 60-cent risk. >> carter called nike its own asset. do you think it is idiosyncratic? >> when this stock was at 50 last year, we were looking at starbucks around 50 and saying the same thing

nike got stores as they grow double digits.omen's business call out as an opportunity to scale like women's jordans and company painted digital as a huge opportunity. digital sales rising 41% part is the sneakers app, releasing shoes, so it fit together this quarter, investors got the inflection point they wanted to see with better momentum than they expected. >> the performance year to date and off the back of the earnings very, very positive. that report all very positive. what goes wrong from here in. >> macro head winds are the negative for nike. more than half of the sales come from overseas incoming the strong dollar which is near the highs of the year again, and the valuation is now at a multiyear high, so investors to have think about what's priced in terms of future earn, not to mention trade, no talk of trade on the call, but china is such a key growth market that anything would compromise that would hurt nike's future sales. >> that's nike, and, by the way, as you got to it first does not mean your segment is more im

nike's big bounce. the foot wear company stompin i expectations. >>> and why weather could be worrisome for the housing market it's friday, june 29th "worldwide exchange" begins right now. ♪ >>> all right. good morning good afternoon good evening from wherever in the world that you may be watching i'm brian sullivan thanks for watching "worldwide exchange." i love giving good news on a friday look at how the global markets are setting up dow futures in the green remember yesterday, of course, the dow futures totally changed by the time the market opened. either way right now we're up 184 points the bond market not doing a whole lot. stocks rising everywhere around the world today. let's check on the asian markets first. they're doing well the japan nikkei the worst of the three. look at the shanghai, up 2.2%. that's one of the best moves in a long time. in europe, a similar story not only green on the screen, but a lot of green big percentage moves we're seeing the dax in germany up 1.5%. we'll have mor

nike started moving before other guys did, too. >> nike was under pressure because adidas played sucheback >> we have wimbledon coming up and federer is going to drop his nike contract and maybe move to uniglow. i don't think that's too great for the stock. not for tennis apparel >> coming up china just posted their worst week he will tell us what to do next. plus let's take a peek inside the "mad money" studio cramer is talking to sceo of red hat. it took the cloud stocks along with it. catch that interview at the top of the hour "mad money." we are in tomz squire. much more "options action" still ahead. well, it's earnings season once again. >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thin

nike leading it. nike leading it. is the market focusing o with ingenuity, technologies, and markets expertise we create the possible. and when you do that, you don't chase the pace of tomorrow. sneake nasdaq. rewrite tomorrow. "power lunch" will be right back >>> hello, everyone. i'm sue herera here's your cnbc news update for in hour. president trump touting the economy at a white house event celebrating the six month anniversary of his tax cuts. before he started, though, he commented on the maryland newspaper attack that killed five >> this attack shocked the conscience of our nation and filled our hearts with grief journalists, like all americans, should be free from the fear of being violently attacked while doing their job. >> the end of an era for toys r us the company officially closing its last remaining stores across the country after 70 years in business toys r us announced back in march that they would close after filing for bankruptcy last year >>> a source telling cnbc that barrage has told the clevelan

i don't know if people think, oh, okay, shares are now going to nike. away from adidas which seems to be fading a little bit. foot locker up >> you were in foot locker for a long time. >> been in foot locker terrible last year, great this year, still in it. it's the cheapest but it should be the brands should be more, spen expensive than the distributor >> cominge ing up, issues that company just keeps piling up traders betting on more pain ahead. plus, bit coin falling below 6,000. moments ago, this man, you see there, has been dead on when it comes to his crypto calls. he called the decline earlier this month you won't believe how low he sees bit coin going next anthonco hisuyg d e e ine bin right now. e to get our patient to the hospital with good results. patient we call that the golden hour. evaluating patients remotely is where i think we have a potential to make a difference. (barry murrey) we would save a lot of lives if we could bring the doctor to the patient. verizon is racing to build the first and most powerful 5g network that will enable t

naval academyht figg against nike. >> reporter: yes, nike said it decidedro to d a clothing line thatgo, the ademy tweeted out about thiss ln that nike had collaborated with a line called undefeated. it was kind of ae soccer and they were supposed to debuee this wnd but they've pulled back onhat decision because of tee similarities betw logos. the u.s. naval academy said that the similarities are "undeniae" and they have backed away from this. hecky says that t apologize pooe says they've apologized. this undefeated line they say it's no longer available for purchase. i think they made the right ca hereot just because yes the logos do look very similar but it could hav ended u in a trademark lawsuit. w >> you don'tant that, someledy just said s swap out the trident for a cup, nobo will ever notice. they d let's leave the naval academy on their own. let's talk about tipping. this is a hot button issue in d.c. where there's disagreement going to the people to decide ifou people ld tip or restaurant workers should be paid a "living wage." when it comes to tipping who do we blame it on fo

is it fair to say the nike of today is not the same nike of even 12 or 24 months ago >> very fair. >>t seems quick that they would be able to flip it that fast, stacy. >> it is the last coolness is when fly net was the cool color. >> that's way back come on. >> now you look at what they're coming back with the air max, vapor max and it's color all about newness and color. if you look at the shelves, wow, i want that on my feet. >> nike is back, vfc for the vans champion sweatshirts. >> we're cool again technically. >> i love it thank you very much. stacy. we'll see you soon. >>> we've got another day here in london and take a look at what tomorrow's worldwide exchange is going to bring you all-star london lineup we have billionaire investor jim melon. some call him the warren buffet of england hear from former goldman sachs chairman jim o'neill as well as chris mawalalla. we have a huge guest lineup. let's wrap it up with your monday morning rbi since we are across the atlantic we wanted to ask, have you been able to make more money investing here in the u.k. over the long term or in

england and nike could win it. you for being here. >> my pleasure >> nike up over 4% after hours kb homes out with earnings, and meg has those now. >> well, looks like a beat in the second quarter for the home builder, earnings per share at 57 cents versus 48 cents a share. revenue at $1.1 billion versus estimate of $1.04 billion. stock up there 4.4%. deliveries rose 5% coming in ahead of expectations at 2017 homes versus their expectation a good quarter for kb homes. back to you. >> big reaction, popped 5% almost meg, thank you >>> second round of the fed stress tests results are due in moments. we'll bring them to you live as soon as they are out >> first, apple could take a big step to challenge amazon prime those details coming up in those details coming up in today's take away.last? etfs are only part of a portfolio. so make it easy to explain. give me a quality fund that helps me get clients closer to their goals. flexshares etfs are designed and managed around investor objectives. so you can advise with conf

. >> right >> nike. >> trade war stock >> thank you, why? >> trade war, 12% of revenues. when you take above 10%, it's a trade war stock. >> revenues or china >> ref newers coming out of china, 12% few hook at the performance, few look at under armour, i know we've had a rebound, under armour, not a trade war stock. >> we've had trade war chatter for four months. nike is near an all time high. >> it doesn't matter whether or not there is an impact of it the market tries to discount whatever they have you are thinking two dominos removed. that's why you don't get the game boeing is a trade war stock. >> i don't know what you are saying right now >> i know, that's just don't get the game >> again, similar to apple this is where the growth is for nike >> they're getting growth everywhere internationally. 17% of the growth, the recovery of nike stock is north american - >> no, it's not. no, no, no, you didn't like nike because they were getting weak in north america >> i think the competitive landscape is such that they're taking market share back from adidas that's a more im

it's all been -- for me, it's a lot like nike, right nike, the reason it's doing so well is, the international growth that's where their strength is this is a company that when you look at what they're doing versus amazon versus hulu, they are double engagement time per week that's impressive. >> when you look at disney right now, not to see they won't succeed on their objective, but they look at the direct consumer now you look at what netflix has been able to do over the last couple years, and really overcome a lot of obstacles on the balance sheet. just because -- to acquire the content, have that international growth that we're talking about, which has been fantastic, they have had to go out and spend and a lot on the street, myself included, have been very suspicious of their ability with the rich valuation for them to continue to appreciate that environment. but they have been able to do it and now they have created an environment where from a balance sheet standpoint, they are at a far better position than they were three to four years ago and they have the ability, i think, to reach th

nike moving higher by 5.5%.i looked at the bid at the higher point of that range was very close to the all-time high of nike. watch for that to help the dow jones industrial average tomorrow. the ceo noting our new innovation is winning with consumers, also complete digital transformation, they're also adding onto buyback, $15 billion share buyback on top of the $12 billion a share buyback and also beat on revenue estimates with all the new launches. don't forget they're doing well once again in north america and seeing the growth in north america and that's a big deal for nike. they've reintroduced some of the old names such as the airmax, right? just like stan smith was for adidas, nike brings in the old ones. the analysts said the trends were on the side of nike, especially going into the back to school, and that athletic leisure, athleisurewear, streetwear lends itself to sneakers. nike up 5.5%. back to you. melissa: nicole. thank you. adam: when we come back, we're going to bring you up to speed what's goin

foot locker is about 47% of their sales comes from nike. dick's sporting goods gets 17% from nike.e up 35%. you also have let america, asia-pacific, all growing over 10%. it is a diverse revenue growth story as well globally. doing well already this year wasn't it? >> it was. it was up 15% before today's move. now at a record high. 2016 was their only losing year since 2008. a good story today. key --ill continue to keep an eye on nike. >> we are up today. up today down for the week, down for the month up for the quarter. 1%.up by 9/10 of 1% up for the cac 40. look at the currency board, we have better than expected -- expected gdp data out of the e.u.. 132 .03. i will leave you with this, here is bloomberg. ♪ . shery: noon in washington at 5:00 in london and midnight in hong kong. from new york, i am shery ahn. david: i am david westin and welcome to bloomberg markets: balance of power with a focus on the intersection of politics and the economy. david: here are the top stories, candidate will fight back, they announced retaliatory tariffs on u.s. imports in response to the trump

tonight and the higher valuation than we have seen from nike going into earnings i will warn you, nike's 20 of the last 20 quarters and inside those numbers, investors will be looking for an inflexion point in north america that has been weak for nike and it's the most important and biggest market that represents more than 40% of sales investors want to see a turnaround to growth in the market and there are better retail sales that we saw from department stores and footlooker and weakness in adidas that nike can grow its sales there and the other one will be china which has been the growth driver for nike double-digit growth for the past few quarters it represents a big chunk of sales and people are worried about a trade war. so far footwear and apparel has been left out and consumers are not targeted and nike is a company you want to watch. >> nike is up 14% year to date, so clearly, a lot of the trade noise is not investors in the category and it doesn't seem like we're talking about making clothes and shoes in the country again so it's a little bit off to the side. >> but again, if yo

bring in market watcher david, david, i say that that nike -- those nike results are economic indicaterhole economy, am i right? >> i believe in all the things you do about the economy, about the health of the economy, about all the good things going on, i'm not sure, stuart, that i agree that the nike results are direct indicater of that. i'm sure there's correlation and you know how much i hate disagreeing with you, my friend, i think with individual company results we have to be carefully, if under armour would come up with negative number, does the economy mean it's going poorer, that's evident of the lens -- stuart: big apparel company in the world, that's why i'm keying on one company. >> also globally. good indication in terms of merging markets, their fingerprint is huge, i agree with that. i don't take it as a negative, i think there's more about nike than anything else. stuart: give me the big picture am i on track by saying -- if i use the expression a booming economy, maybe i'm going too far but we are aggressively growing, i think we hit 4%, what say you? >> yeah, i do beli

nike stocks soaring on a terrific earnings report.rrasco has the story and other headlines, good morning. >> good morning, sales beat analysts expectations, nike said it's all, quote, a return to growth in america which has been weak, this is the first time sales here rose in the last 4 quarters, a sign that shoppers are clearly liking nike's new products and launches, shares of nike soared 10% in after hours trading following the earnings report. gerri: a lot of wandering in the desert for that stock, now let's talk about tesla once again they are missing the mark on production, what's going on? trace tray they seem to catch a break with the model 3. reuters reporting that tesla workers say that it's not producing enough model 3 srveciÓn's per shift to reach the 5,000 per week target that elon musk projected. tesla shareholder meeting earlier this morning, musk said it was, quote, quite likely that tesla will be able to build about 5,000 model 3's per week by the end of june even though at the time tesla was producing 3500 of the veh

. >>> just hold it one firm downgrading nike. stock seeing a run of more than 40% for one year the desk debates it in the call of the day >>> plus we want to hear from you. the traders will be answering your questions live. tweet us @halftimereport and before the break, a look at dow come poeponent boeing. shares down about 5% over the past week. according to our data partners at kensho, after similar drops the stock bounces back gaining a percent a month later. "the halftime report" with scott wapner and the traders is back in two minutes well, it's earnings season once again. >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry

a month later he made that gift and enabled us to create the nike tennis is culture program. it's my dream that decades from now after with educated thousands of scholars, those graduates will be making a significant, and difference in our world. on this date as you move to the next stage of your life, i hope you remember that education is a gift kick it ista a gift from their families who supported you as you worked this point in your life. it is a gift from all your teachers and educators and fellow students fromit the earliest gradeschool days in kindergarten to your years here kiat indiana. education is a gift given by one generation to the next. without the expectation of a direct return. but it comes with a responsibility, an obligation to make something of your education, to use it for the benefit of others. of course it's alws appropriate to thank those who have helped you along the way. but the greatest thanks marshall not with words but with your deeds. as a teacher for 40 years i can tell you that the best gift i receivedou from students is the joy of seeing them u

gettingnd we are now nike earnings just coming out.porting fourth-quarter earnings of $.69, five cents above what analysts had been anticipating. fourth-quarter revenue of $9.8 billion. it looks like a greater increase in estimated. billion, and they are reporting a new buyback program as well. a $15 billion buyback is what nike is authorizing, so that's likely to help the share reaction as well, the shares already up about 3%. we typically look for anything forward-looking. this is what we have been talking about a lot for this season, what they will have to say about the global environment. the conference call from nike should be quite interesting on that front. mark parker, the ceo in the statement talking about innovation at nike and that something we got signals from in terms of the retailers that sell nike shoes, that that has been doing well for them. it's interesting in light of the program you just talked about, they are already in a $12 billion -- 12 to share repurchase. then the new one will start. we're talking about over s

as the piece tells us, and i quote, foot locker believes that nike's -- that is good news for nike gave them cover. consider where the stock is already trading, 74. this analyst has used its. that doesn't matter. it really, the reasons irrelevant, a price target boost in this environment works. it keeps the ball in the air a natural moment for profit taking was arted and that is what happened today. here is one that this one is priceless. not the jewelry, but it is priceless. signet even though it had been written off and left for dead, it's old management as a lender rather than a jeweller. but that changed taking over and start executing a turn around over turn around and then signet, guess what they did, raised the price target from 38 to 51. got caught on the wrong side of the trade. just like nike i predict ma number bumps and price increasing down the road haven't gotten their butts together yet i think these retailers and apparel companies have still good days coming excellent numbers after the bell from rh, restoration hardware up five points which could go further. and dave and

nike reporting a big earnings beat after the close yesterday shares of nike, which is a dow component, you can see they're up almost 10%, which can explain some big gains we're seeing this morning. joining us now to break down the numbers is susan anderson senior research analyst from bf riley thanks for being here. >> thanks for having me. >> huge reaction in the market you were already ahead of consensus at 66 cents, nike came in better than that at 69 cents. what was so unexpected about this quarter >> the key thing was we saw north america turn positive, up 3%, total sales up 13% really all geographies outperformed and they were firing on all cylinders. they were working on their innovation pipeline and it seems to be paying off now >> is nike doing this because of a strong economy or because it's able to steal market share from competitors? >> the economy is helping. the consumer is in a strong position and they're out there spending also the two closest competitors, addidas and under armour is not on top of their game as much as they were. adidas, while still strong, we're seein

coming up navy versus nike. why the u.s. navy is telling nike to stop using a certa logo.ails on the new project that she has coming up. ♪ >> ♪ ic too many dev on your network could mean you see this that's why you need fios-the 0% fiber-optic network. that means more speed for more devices at once -and to prove it, we'll help you add another. choose a free samsung chromebook 3 or a $200 credit toward othe samsung tech plus get the fastest internet available, up to 200 tv channels, phone, .and a 2-year price guara all for just $79.99 per month with a 2-year agreement. stuck in a contract? we'll help you out with up to a for your early termination fee. go to getfios.com. >> ♪ u.s. navy is calling on nike to stopir using the new logo. nike and apparel company undefeated debuted the logo for thein soccee on monday. it looks aot like the u.s. naval academy's historic crest. the navy sayshe similarities are undeniable and they think it's an infringement. the navyay s they plan to order nike to cease desist. >>ellogg's is voluntarily recalling boxes of its honey smacks brand. th

nike, what's it doing ahead of that? nicole?icole: well you're right and you're right to mention air max jordan, because we saw addidas bring back the stance and the air max has had nike to pick up momentum. the analysts are saying that it's actually in an upward trend going into the back-to-school. the efforts are they were going to beat earnings again. they have done so for the last 21 quarters, so we'll be watching for the nike numbers right after the bell. but the analysts have been liking nike lately. liz: well, you know you and i both have young sons who are around 14 years old they always tell us which is the hotter one. >> my dad bought a pair of air max and then my teenager took them. liz: have you ever heard of the website goat? don't get me started. it's a fancy fancy sneakers that are very hard to get. don't go there nicole. nicole: all right liz: too expensive. all right thanks so much the dow is down 10 of the last 13 days but right now, it's about to break that. right now, we're up 94 points but we've lost more th

today nike shares closed at $73.43, and that was down a fraction. needham cut its rating on the chip makerkl 10 to hold from buy. the analyst there concerned some customers may spend less on equipment in the second half of the year. kla fell me than 3% on the day. >> molina health care was upgraded from hold touy wit a brokerage calling the company's turnaround efforts "value enhancing." the price target was up to $124 a share from $86. molina's shares closed at $101.48 up about 3%. united rentals was to buy from neutral at ubs. the analyst cited thes stoc valuation after pulling back 20% over the last three months. he also sees better margin performance for the equipment rental company. the firm has a price target of $196. today share csed at $154.95. that was up more than 1%. >>> coming up, if you have asiig de to make about your portfolio, this week's market monitor says your best bet may be to think small. >> the ruling said obtaining the data fromireless carriers without a warrant amounts to unreasonable search and seizure. the court did grant

the focus here will be on footwear with the world's largest athletic shoemaker, nike, announcing itsestors are expecting a rise in both revenue and profit but they will be especially focused on how the company is doing here in north america. recent reports from nike have shown a decline for the company in this region but the news also comes as nike attempts to recover from the departure of several top executives in recent months after allegations of sexual harassment gripped the company. also today, walgreens is expected to report a rise in earnings during its third quarter. the pharmacy company has enjoyed a happy week in the spotlight as itjoined the dow jones industrial average of 30 elite companies. look to see if it can keep up that momentum with positive earnings news and possibly a word about how it plans to continue its growth. joining us is lawrence gosling, editorial director of what investment magazine. also editor of football monthly and we'll get to that later! but in terms of markets, you are watching the tech stocks in particular.l terms of markets, you are watching th

nike, thank you, nike, that weighed heavily on the dow joins industrial average. finishing up. nasdaq and s&p higher. nike hit an all-time high of $81. came out with the sales numbers that were good. they've brought back the legend legacy things such as air max, that helped them along. seeing the growth here in north america as well. for the week, the month, the quarter. for the week everything is lower. dow, nasdaq, s&p, walgreen's joining the douse jones industrial average down. but for the month and for the quarter -- the month makes the quarter all three higher as we finish the first half of the year. and let's take a look at tesla. tesla, the eight-year ipo anniversary. if you got this about five years ago, in the beginning of 2013 it was about $32. it closed today at $342. you certainly would have made plenty of money at that point. it's down 2% for today and its market cap is beyond general motors, ford or gm chrysler. have a great weekend. melissa: oil is a at more than 14% this quarter alone. that's a big jump. >> real big jump. but the big problem that's happening in

first game iran's world cup players were in the headlines not for heroics on the field but because nike stopped supplying them with shoes citing american sanctions but even if nike wanted to run eons to stop wearing them they're still just doing it anyways this is sports this is football there is nothing to do with politics and that's quite something quite irrelevant the sanctions whatever it's not going to come into the field of sports you can see iranian people are wearing nike and maybe it's a kind of popular brand but i guess many people have a second thought about it because this is not really fair and this is not fair play win or lose he said iran's participation of the world cup for a second time in a row is already a great idea and at home in a country where women still aren't allowed to attend a football games in public stadiums there are signs of progress this is a call out to iranian women for a star search style competition to find the country's next female football announcer. and earlier this year the national indoor women's team brought home the asia cup. beating out top c

i'd rather own nike or under armour so this is a market that has momentum and you own leadership. >>n i look at the charts you mapped out for us, nike, williams-sonoma, under armour, all of them are overbought or close to it. >> that's bullish. >> what would be educational for everyone watching is how you can unwind that relative strengthor bought status in the stock. >> overbought is the most bullish thing in this business it's mistaken as a bearish indicator. when there's momentum you want to embracet. i don't think we want to fear strength here. when you get stocks overht, their forward returns are stronger than average over the next three, six, and 12 months so embrace this move in those overbought names. >> i would agree williams-sonoma, look at that quarter, pretty ridiculously strong quarter margins hung in there, big eps beat, huge short interest and you start getting the people to chase so whether it's overbought or not doesn't matter. the fact that it's breaking to the upside and the same way analysts are chasing macy's, j.p. morgan raised their numbers and ever corps just

nike reporting earnings after the bell shares are up nearly 15% this year. what are you watching for? pete, i know a lot of people are looking for neshg deflection >> they reported neshg was weaker concerned about that, sold off stock and i think that was the opportunity. when you look at the opportunity, revenue, where's that coming from it's coming from international that outgained on the u.s. side yet, everybody wants to focus on north america. it's a buy at this point, obviously earnings are the real end. >> look, the quarter should be absolutely fine. the thing that you bring up with north america that has inflected the trade issues should not impact nike. world cup should be a positive stock trades at 17 times forward earnings for the stock for the history that's about 10% above where it trades. the next 10% move on this is the downside but for a long-term investor two, three years out it will be higher than today. >> i think you'll get better >> is it too high with international growth >> i think at 27 times it is obviously, this is an opinion, not a

nike's mercurial line of soccer shoes for fans are red hot. up next, there's no trade war, so says president trump. the commander in chief topping the trade deficit directly at the feet of his predecessors. all of them blaming them for losing the trade war. but gordon chang is a harsh critic of china. his controversial stance how the president is fighting the chinese and what he needs to do to start winning. gordon says it's easy. "countdown" is coming right back. he'll explain. ♪ you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia. add-on advantage. used for batteries frome teexpired oil wells. mgx's new - pilot plant aims to produce lithium-carbonate one hundred times faster than from conventional lithium brine. mgx minerals i'm 85 years old in a job where. i have to wear a giant hot dog suit. what? where's that coming from? i don't know. i started my 401k early, i diversified

. >>> welcome back, just last week mike said nike was done. >> so the structure i'm taking a look atg the july 75-76 call i'm paying $1 .25 to color that upside >> nike soared hitting a fresh all-time high nearly up 8% now what are you doing >> if you follow us on twitter i said to cover this trade today i took a look in the past ten years, only twice in ten years the stock ended up below it's preea pre-earnings level >> it gets cheaper when it goes up, it needs a reset. >> this doesn't feel like a short squeeze. it feels like people are piling it in, barring a trade situation or a global mark sell off it will stay up >> i would rather be positive than short we have hostive news coming out of china we were looking at these things, someone had a good sense of what was going on overseas and now we're earning. >>> earlier, dan said shares of fil philip morris was going to heat up >> it is starting to look interesting around 79. july was 85. to the upside -- >> and they did. the stock rallying more than 4%. >> yeah, it is really still consolidating. options working out pretty cheap. it m

it is a welcome back to the club moment after spending a couple of years in the wilderness, nike got its groove back late last year stock is up almost 50% you know we have a red hot bull market in apparel. and nike reported last month that might be your moment to pounce fourth, texas instruments it lacks the sex appeal of something like nvidia, but it is remarkably consistent. making things like analog chips and they make tons of micro controllers for the internet of things this company iracious repurchaser of its own stock when they get slammed, you know they are in there buying it with you. fifth, my personal fave is union pacific. now is $145 billion valuation. this past earning system company after company kept telling us about all of these problemwith controlling transportation cost. and that is basically money in the banke market's w of saying shouldn't be too worried about trade war with china also have an unbelievable position to mexico possible that we worry too much about nafta. and we heard from ceo. next time the stock pulls back, you might want to consider buying union p

company with international growth nike is another name coming to mind >> so you want the -- so, guy,- >> clear, by the way clear. >> secular, international growth story. we were talking all day about, well, what happens if you want to hide from a slowdown overseas, pete, what then? >> i know what guy was going after talking about the stuff just now nike, of course, we talked about that for a while now on the show we talked about the fact that it's no longer just a north american story this is truly a story that's growing internationally. now, you got to understand, that's why i would always rather be in a usa type stock, nike and why that one because i know the transparency what's in their books. i understand that company completely they are out this. we can see that. because of that, we know how much exposure they have, whether that means it's into china, whether it's going to japan, whether it's going down to south america, wherever it may be, and whichever ones have that exposure, if kbroyou're afraid f the tariffs, that's going to be -- that would be a name that sells off hard if

move over nike, addidas and under armour - puma has brought in armour - puma and under nike, addidasove over nike, addidas and under armour - puma has brought in rapper jay-z as their president of basketball operations. puma is re-launching it's basketball shoe category the shoe and apparel company has already signed projected first round picks deandre ayton, marvin bagley the third and zhaire smith to multi-year deals. puma last signed vince carter to a deal in 1998. jay-z will be the leader in creative marketing and helping identify which players to sign. finally... this from finally... finally... this from china... this is pretty cool... more than 200 woman rowed what is the world's largest wooden dragon boat... it was in celebration of the dragon boat festival-- a traditional holiday in china. the women rowers wore traditional costumes and ornaments while controlling the dragon boat... which is more than 255-feet long it was certified as the world's longest of its kind by the guinness book of world guinness book kind by the longest of its the world's longest of its kind by the gu

we'll see longer term if leadership at nike is able to address those issues, which will be importantess. >> executive departures haven't always resulted in pain. >>> when we come back, a lot more on the rally today. dow is up 263 as we finish out the quarter, month and the half. as we go to break, a plug for "squawk on the street. just about 15 minutes left, bid on a chance to come down to the exchange, meet the team. the lulu & leo fund. to bid check out our twitter feed or go to charitybuzz.com. look for squawk on the street. 15 minutes left to bid eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like any of these types of plans, they pick up some of what medicare doesn't pay. and could really save you in out-of-pocket medical costs. call unitedhealthcare insurance company today to request a free [decision guide] to help you better understand what medicare is all about. and which aar

nike is having a positive read through as well. nike coming in with a positive earnings report. north american growth for the first time in four quarters. upgrade. profit double bitcoin, you can see how much it is off trading below the $6,000 level. it has been a rough start to the year for bitcoin. mark: the stoxx 600 bank index, industry today, every group rising. down by 2.1%. the biggest monthly drop since industrymay, second in a row, t and since march. the 2.7% gain is the biggest since the second quarter. , the stoxx 600 is onn by 5% since closing generate 23rd. it is going to spin off refocusing on prescription pharmaceuticals. they will buy back up to $5 billion in shares using proceeds from the sale of its stake. shares up 7% today. the ecb keeping an eye on inflation. level. symbolic the first and we have that level for a year. the core rate is hovering around the 1% level. acceleration will be welcomed by the ecb. confidencexpressed inflation is converging sustainably. the euro-dollar, interesting move. we are rising gaining a 10th of 1%. onhad the eu leaders summit

despite four years of suspension justin gatlin signed another contract with nike the world's largest sports equipment manufacturer is sending out mixed messages. as for not they don't weigh with any like that that there was a common a key part of him brought in with him he got bored of get this bought up all. about their own does not address you on the obvious that they won't embed. the. second month in those chemistry and then from the first. if it were the order then i get up at the end of this was i'd let us call them audio and young justin gatlin my domingo thought that was going the opposite they were going to show us in the box within all four nike is told only they are they there for more than one. and we don't believe we need most is the sheeple who frequent romel and mirthless for snore that couldn't be even for the explorer effect that spoke to the office for tsunamis this could go on there. but will seek a new cell for tomorrow yancey me up on the critical spot in the form of b. and d. but that your story that lead and they almost. look version in the source yeah the resol

nike's also the top gainer in the dow so far for 2018.as we look at this market rally right now, the president attributes a booming economy to tax reform. president trump earlier in a speech at the white house celebrating the six month anniversary of the tax cuts which he signed into law in december of 2017. the irs rolling out a new postcard-sized filing form seen here on your screen. the new postcard-sized 1040 form is designed to simplify and expedite filing tax returns. let us get to blake burman who's live at the white house with also some breaking news. what have you got? >> reporter: well, the president, maria -- sorry, liz, i'll bring up maria in a second for obvious reasons, because the president was here at the white house today celebrating, commemorating the six month anniversary of tax reform that republicans overwhelmingly passed last year, that the republicans and white house feel is a political winner going into the november midterm elections. so they had this event here at the white house to sort of celebrate that. i broug

leading the dow jones industrial average, now nike alone which is up 12% has been adding about 60 dow points. when you put these five together, nike, exxon, intel, boeing and american express, that accounts for half the rally alone, we are seeing strength. nike out with quarterly numbers, seeing strength in good sales numbers, particularly in north america. this year, the dow jones industrial average down about 1%. the nasdaq up about % and the s&p 500 up 2.3%, so that is what you're seeing ultimately for this year, a mixed bag. some of the winners, look at netflix, netflix up 105% this year, so whoever wanted to write it off are sorry on that one and amazon and twenty-first century fox, the parent of the fox business network another record today. and take a look at the financials. now the financials. we've had a lot of volatility no doubt. this is one group that is truly underperformed and i know it's been a wall street favorite, a favorite of our parent but we're seeing bank of america, goldman sachs, morgan stanley all under pressure this year. so we'll see if they can turn around

first game iran's world cup players were in the headlines not for heroics on the field but because nike stopped supplying them with shoes citing american sanctions but even if nike wanted to run eons to stop wearing them they're still just doing it anyways this is sports this is football there is nothing to do with politics and that's quite something quite irrelevant the sanctions whatever it's not going to come into the field of sports you can see iranian people are wearing nike and maybe it's a kind of popular brand but i guess many people have a second thought about it because this is not really fair and this is not fair play win or lose he said iran's participation of the world cup for a second time in a row is already a great feat and at home in a country where women still aren't allowed to attend a football games in public stadiums there are signs of progress this is a call out to iranian women for a star search style competition to find the country's next female football announcer. and earlier this year the national in the women's team brought home the asia cup. beating out top c

. >> a good point you make discretionary in the last month is up 4.5% >> look at nike. look at travel related stocks. look at entertainment related companies. look at even mall retailers. so i think, like, you know, of course technology gets the lion's share of our attention because these are mega market cap stocks but then the other thing to understand is there is a consumer driven economic story here that is undeniable. you now have more open job positions that need to be filled than you have unemployed people. you have the lowest unemployment rate since 1969. by a very important measure. and that, i think, is enough to propel earnings growth for a lot of areas one chart i wanted to throw up before i'm done talking. xhb, home builders this is a very wacky chart, coming into 2018, they just got absolutely slaughtered 20% draw down or more. and now they have found support at the longer term trend line as you can see there. and i think you're about to see this rounding bottom resolve to the upside i think you'll see the home builders really reflect what's happening with

would be better preserved in large international museums than in a nigerian province but artists like nike davies. view such arguments with cynicism she's the owner of nigeria's largest private gallery her mission is fostering the younger generations talent and those young artists often cannot travel to europe and. conti. eric and his colleagues in beni and city have also never seen their ancestors masterpieces in european museums but they say there is a positive side to the debate over looted nigerian art it's a confirmation to the world that africa is rich with sought after cultural treasures. turkey goes to the polls in one week's time three million turks who live abroad are also able to vote the question is are you for or against president. and important issues also for ethnic turks living here in berlin. tickets electing campaigning in the german capital is good good advice and. friends are canvassing for turkey's pro kurdish party this is the word this is for the election in turkey were against you know the one they didn't get that was against everyone ok i'll take one of those. is v

nike and under armour are strong and they have my blessing. thursday also the day we get the same stress report cards that will allow the well graded banks to boost their buy backs i think citigroup, is going to be booing stock hand over fist i expect the analyst to go nuts about them on friday what would i do? i would buy citi on wednesday. and i would buy it aggressively. finally on friday, consolation brands there is a ton of worry as beer slows down as well as very high end wines and wisky. we know there is a lot of analyst bulls. which had the added advantage of cinco. i am more -- that is now more worth the 600 million. plus warrants. really smart i know many of you believe in the marijuana bull market which is why we are bringing you into green thumb industries the next weakeneds the quarter with that. if you fear the president's bellicose tweets, you should use monday to do some selling. it might be very strong carry over action from today let's go to roy in new york. >> caller: a big booyah professor cramer. >> i will give youi think