one of those names is nike nike is interesting to me because back in the throes of that selloff december 20th, nike released earnings that were kind of eye popping their revenue in china was 31% better than expected, 14% in europe and 9% in the u.s the stock then was in the high 60s, so we're talking about in here it obviously went lower as the market made lows, but it's ricocheted all the way back here it got a little technical resistance here today. one of the reasons i want to look at the stock is the reason the market is rallying right now. we averted the government shutdown and the next one is another hope of a trade deal or a push-out of those march 1st tariffs. so let's just focus on some of the names that might benefit from that and you'd say nike would be one china is a big growth area but it hasn't held the stock up. one of the things that i think just like in early december, you could have a sell the news even if they just push out these tariffs, these future tariffs, and we might see nike, who gave guidance on december 20th, we may see them temper that guidance when they repo

with the closing bell ringing in 37 minutes, nike's shoes coming apart at the seams but nike shares areling and pulling the dow down as well. as they stumble into this final hour of trade, duke basketball star zion williamson already all the talk of the nba, because he is now sidelined and the athletic apparel maker is taking the blame for it now all because of one busted shoe. can nike get past this p.r. mt. everest? the strategies and star power still left in the footwear giant's playbook. state of the art technologyt makes it brilliant. the visionary lexus nx. lease the 2019 nx 300 for $359 a month for 36 months. experience amazing at your lexus dealer. at&t provides edge-to-edge intelligence, covering virtually every part of your retail business. so that if your customer needs shoes, & he's got wide feet. & with edge-to-edge intelligence you've got near real time inventory updates. & he'll find the same shoes in your store that he found online he'll be one happy, very forgetful wide footed customer. at&t provides edge to edge intelligence. it can do so much for your business, the li

meanwhile shares of nike stock are trading close to their all- time high... set last year after the release of the ad. (pam) a lot of snow is falling in the sierra tonight. this is video from squaw valley. up to seven- feet of snow is expected in the sierra at elevations above 9-thousand feet. people are being asked to avoid traveling up to tahoe -- because whiteout conditions are possible. joined now by chief meteorologist lawrence karnow... for your sierra forecast. lawrence karnow: very heavy rain swept through the bay area today before finally seeing some clearing this afternoon. doppler is tracking more rain as another and much colder storm is headed our way. you can see it on the satellite with plenty of cold air. rain will become heavy at times tonight. showers will continue off and on tomorrow with colder temperatures. highs tomorrow will be in the upper 40s and low 50s. showers will be on and off this weekend with mountain snow. sunshine and dry weather is forecast for president's day. (ken) if you are watching us on the new kronon app - a full hour

pr-wise get any worse for nike? >> no, you don't get really much worse than this when you become a major brand with a major game and have a major catastrophe like this. what surprised me how badly nike has responded to this situation. usually compani on top of their game and the crisis hits, they have leadership in place. they respond boldly in terms of the public's concerns and they t are transpar about what they're going to do. when companies are not on top of their game, they typically thde, defend and they deflect. and sadly, i'm really surprised to see tt's what nike is doing right now. >> they did issue a statement. they showed concern f zion williamson. thankfully we are told his knee minor le and it was a sprain, although he is going miss some time. and then they said they are going to investigate what happened. what more would you want to see ceo mark parker do? >> well, i'd like to see, you know, a proper accountability here. i mean the twons big questis, is there a design flaw and what hat say about quali

nike just blew it. >> shares of nike falling this morning as duke's freshman superstar blows out of his shoe. >> reporter: nike's wishing him a speedy recovery saying in part while this is an isolated occurrence, we are working to identify the issue. >> the shoe just exploded. >> reporter: the injury is reigniting the debate over the ncaa's one and done rule where they're required to play a year in college before going pro. some stars like demarcus cousins say williamson shouldn't return at all and go straight to the nba where he's expected to be a number one draft pick. >> knowing what i know now, college is [ bleep ]. college ncaa basketball is [ bleep ]. my advice is do what's best for you and your family. >> reporter: beyond scholarships and stipends, they're not paid a salary but they rake in millions for college, networks and companies like nike. >> there are some people who think that there's exploitation going on because you have a lot of minority athletes and these schools are getting rich off them and not paying a fair wage. >> that was gabe gutierrez reporting. good news is t

nike is facing backlash after a player spring disney when his nike shoe fell apart at the beginning of the game. border showdown. the nicolas maduro is -- nicolas maduro is shutting the borders with two countries. to recapwe just want the news on zillow, the real estate listing company recently moving into home flipping. it's ceo is going to step down and hand the reigns over to the executive chairman who cofounded the company in 2005. he made clear in a statement that they plan to stick by their recent pivot to home flipping and other areas of the real estate market. you see that reflected in zillow's shares, down 6%. caroline: let's shift gears and check out the trade standoff. the us and china negotiators are hammering out details on memorandums that would work as a final tracheal. -- trade deal. china is set to propose $30 billion more in u.s. agricultural imports as part of the negotiation. let's bring in our next guests. great to have you both joining us. overall, the talks, they are progressing, right? have negative and positive sentiment, but generally, are we working toward so

. >>> damage control from nike. a basketball superstar injured by a freak shoe fail with millions watching and a former president in the stands. >>> and reversal of fortune. a woman furloughed without pay during the government shutdown strikes it rich beyond her wildest dreams. >>> this is nbc "nightly news" with lester holt. >>> good evening. i'm savannah guthrie in for lester. tonight the actor and the performance of a lifetime. chicago police lowered the boom today, arresting jussie smollett, star of the tv show "empire" on fox, accusing him of stagin crime. the vicious beating on a cold, dark night in chicago never happened, they said, al in an effort to drum up attention and a higher salary. smollett is now charged with a felony and the publicity police say he wanted, he got, but for all the wrong reasons. nbc's miguel almaguer leads us off. miguel, good evening to you. >> reporter: savannah, good evening. this is the courthouse where jussie smollett had his hearing just a short time ago. he's now free on a $10

what does nike need to do? >> i hope it is a mild injury. this is very bad press for nike.ean into this conversation. they need to be quick and thorough about their quality and they have come out with a press release saying that they're doing an investigation but i think it's also an opportunity to talk about collegiate athlete pay and given their willingness in the past to talk about controversial issues i wouldn't be surprised to hear them weigh in on that. >> so, you know, north carolina won and people were paying $2500 a seat to see this game and they didn't see the game they paid to see, either. there's a lot of things that didn't work out and i'm wondering -- you said what nike should do. what what should zion williamson do now in terms of a future deal i don't want to be cynical about it but does he go with nike? does he set nike against under armour or adidas or some other shoe maker what should he doing. >> i think the kid has a shoe deal in his future so nike, adidas and under armour should go after him and he should go with whoever give thims best deal. this play

and i think nike's the favorite. anybody else and they have nevin more incentive now to get something done so i think zion should breathe a sigh of relief this isn't a serious injury and maybe miss the rest of the season it is painful for me to say that and impact other guys, other top picks that might be afraid to continue to play for free and miss out on two would be millions and millions of dollars. >> jan, what's consumers thinking about this? because it's seemingly a one off, will they give nike a pass? >> well, i think temporarily it will be a lot of jokes about it, just like puma's tweet and i don't think it means much to nike going forward the consumer won't walk away because of this strange incident they got a ltd. of press over there. long term it's probably just solidifies nike's brand in the minds of the consumer. i don't think anybody says, gee, i won't wear nike because this guy blew out of a sneaker. it is just not something i think most consumers are worried about and i think they watch this saying, o

boeing, cisco, nike on a tear.e of these stocks, dan says, have run too far, too fast. >> one of the things i want to focus on, the market, why it rallied almost 2.5%, s&p 500 closing above its moving average this week for the first time since that first week in december right after the g20 meeting when the president declared that he had some sort of deal with china we didn't have that deal and the market flexed. this is the one-week charger we closed on the high of the week the s&p 500, the one-year chart, there's the 200-day moving average. this is when we declared some sort of victory after the g20. you saw what happened, a flush in the s&p 500 we're back towards these levels. i know a lot of people are tagging that 2,800 as a resistance level some of these stocks have more than made up from early december highs. and they're all the way back to their prior highs. and one of those names is nike nike is interesting to me because back in the throes of that sell-off, december 20th, mike released earnings that were k

david: nike trading down 1.7% right now. we haven't heard much from nike.id they are investigating the issue. it is sort of a fluke, freak thing. at the same time, you don't want your shoe falling apart in the middle of a game like this. david: players make moves like that all the time. tooke: the shoe is supposed hold up in all sorts of circumstances. it is a basketball to. -- basketball shoe. alix: durable goods of next. this is bloomberg. -- durable goods up next. ♪ alix: this is "bloomberg daybreak." let's take a look at how markets are performing. weaker stock in equity markets. the dax still holding on to gain despite the next eurozone pmi. services sector, manufacturing not so much. euro-dollar managing to eke out again. the aussie dollar tumbling. the data dropping. durable goods in december, that preliminary read was 1.2%. missing estimates by quite a lot. if you backup transportation you are looking at a gain of .01%. a big mess for december. the jobless claims moving lower. 216,000. the fed business index negative. those surveys tend to come in s

his nike sneaker fell apart, a nike sneaker. the stock is down this morning. for those who don't follow basketball, the player is zion williams, considered the next superstar. susan li at the new york stock exchange. what is nike saying about this? susan: nike has come out with a statement because everybody is talking about it here on the floor of the new york stock exchange this morning. nike says we are obviously concerned and we want to wish zion who is considered the most electric basketball player in a generation, a speedy recovery. the quality performance of our products are of utmost importance. while this is an isolated occurrence, we are working to identify the issue. this is considered one of the biggest games of the season last night. 33 seconds in, you see this event. these shoes are not cheap, $150 each, and of course, nike wants to sell a lot of them, especially on the foot of the near-certain number one draft pick for the nba in june. so yes, they are coming out with a statement. nike says they will work on it and we are up 14% this year. just f

i cannot see it happening across the board. >> reporter: nike says they are concerned and want to wish a speedy recovery and are working to identify the issue. >> i would not be surprised if they have narrowed down which factory.shoe came from and talk to quality control to see if there is the potential for the shoe to do that. >> reporter: nike stock closed down $.89 from the previous rating date. ray bogan, fox news. >> the warriors started this season against the kings. it was a nailbiter to the very end. neither team could maintain there is steph curry who scored 36 points with missed . the last minute shot in the warriors won 125-123. mba is proposing low hearing but age from 19 to 18. they have a proposal to the unit in hopes of eliminating the policy where they have to join a college game one season. mba silver is on record saying this current age limit is not working for the lake or college. if approved, it would first go into effect for the 2022 draft. >>> let's talk hockey. the trade deadline themake a run at the stanley cup. last night, they played in pittsburgh against the

nike having a very bad shoe day. timex for the business use with a cake movie could indicate either we're counting down to the end of that tax truce between the world's two largest economies yes next friday -- so we really have a lot of pressure as these us and chinese negotiators kick off their fourth round of high level talks into defusing the brewing trade war. terrace are set to increase on march first if donald trump has raised the possibility of shifting that deadline. on thursday us media reports led by reuters suggested that the two sides are makining progressn some key issues. that they're working on six memoranda of understanding. to tackle differences over agriculture currency -- forced technology transfers and cyber theft. intellectual property rights non tariff barriers to change and the exchange of services. you can see that list as reported by reuters. the meetings are due to wrap up on friday but they could be extended as the end of the month deadline approaches. meanwhile donald trump appear to hold

. >>> plus an epic nike fail shares slipping as a duke superstar breaks a pair of the brand's sneakers during a game. >>> faang biting the dust, having a rough february with the exception of netflix facebook, amazon, all in the red as the nasdaq is on track to snap an eight-week winning streak so what is wrong with this faang trade? what does it mean for the broader markets? guy, can i interrupt your dancing for the show >> it's not my favorite queen song but i'm a huge queen fan. i don't think it means anything necessarily in the broader market facebook, self-inflicted wounds. i think there's still downside there. google, cloud computing, a vast third behind amazon and microsoft. that coupled with the fact that maybe regulation is coming down the pike netflix has been doing okay and amaz amazon, i think people concerned about valuation and maybe the retail climate is slowing down i don't think it speaks to the broader market i'm sure dan has views i think a lot of what's happening is people are rotating into other names. >> it most definitely has a huge impact on the broader market de

nike nike grew 9% sales north america this past quarter where under armour declined.ey are in foot lockers and all over the place but it shows you some of the challenges and the competitive landscape. >>> crude is surging this morning as bp's chief warns of a possible supply crunch we'll get you his comments coming up. oil is up almost -- more than 2% >>> finding some value in beaten upaa fng "squawk on the street" continues in a moment. this is decision tech. it's screening technology that helps you find a stock based on what's trending or an investing goal. it's real-time insights and information, in your own customized view of the market. it's smarter trading technology, for smarter trading decisions. and it's only from fidelity. open an account with no minimums today. >>> oil surging again this morning up nearly 2% on pace for its best day since january 18th. this as bp pays ceo bob dudley said a flurry of intensifying risks could trigger an energy market crunch. >> the markets feel tight to me and we planned bp on this fair way between $20 a barrel to $65. that's

they may well be that nike has played this very strategically in the sense that they have waited fora point in time at which they have been in the spotlight possibly for a vessel negative reasons and this really counts as that and for the likes of a company and a brand like nike it's a constant balancing act trying to maintain strong exposure positive exposure whilst at the same time offsetting some of those difficult moments this is all about selling training shoes it's all about selling focal shits it's all about santa is selling. that ultimately what nike is in the business of doing and we're living through an age now where millennial consumers of particular but also generations that consumers are becoming economically stronger and more powerful and they're beginning to dictate the terms on which companies engage in business we're not just seeing nyclu also seen july two we know that issues such as gender equality are very important to certain groups of consumers so this is not about to go away any time soon however there are so many consistencies with a nike and some people belie

it's not like people are going to think, this is what nikes always do.his in some way >> 99.99999% of them are fine. >> this is one person, and i see a lot of analysts comment about whether there's product liability issues here. personal injury lawsuits that could stem from this >> this is a typical american ambulance chaser. >> i don't know if their litigious or not >> he has to wait until he's a pro, let's say he's drafted number one he's going to get a huge shoe deal, isn't he >> whether that's nike, puma has been a dealer. >> they got the number one pick. they got a bunch of lottery picks adidas has james harden. if he wants to be the star of his own brand. >> would this sour him on nike >> it depends how they respond >> and how much money they put forth for him to sign. water under the bridge, all good, it was a misstep >> yes, they do. and they've paid big time, the steph curry shoe was a flop in the past, this could be a big opportunity for them it doesn't sound to me like kevin is throwing money at this the way he used to if anything, we're focus

nike scuffed after a college basketball star was injured wearing their product. plus, apple and goldman sachs to team up on a credit card is it a golden opportunity save some room more food coming huge "power lunch" with the ceo of dime brands. >> and now, the latest from tradingnation.cnbc.com and a word from our sponsor. >> in rising low volatility markets, short-term pullbacks can often represent great buying opportunities. but picking exact tops and bottoms is a tricky game one approach is to consider waiting for the second consecutive update after a pullback before putting money back into the market >>> i'm bill griffeth. here is your cnbc news update at this hour. relatives of the victims of that fire that killed at least 110 people in bangladesh seen grieving outside of a hospital today. the blast last night burned a four story building before spreading. hundreds of people had rushed to the hospital to search for missing relatives and loved ones. >>> secretary of state mike pompeo spoke with craig melvin and weighed in on the alabama woman who joined isis

some and tickets for the game were selling for more than three thousand dollars that explains why nike is a stock or lost over one point seven percent at some point. on thursday but it's not the first time to call but he has had problems in this regard since in two thousand and seventeen there were each shoes with n.b.a. jerseys and that they were tearing actually is a monolith that point out that these incident could be an opportunity for all other companies such as under armor to challenge nike stomping on position in basket that have your footwear in order of hostilities they are in new york thank you. britain's credit rating is under threat guess why well because of breaks that the pound fell on news that ratings agency fitch could slash the u.k. surprised doubly rating fitzwarren say no deal brags it could hit the economy hard and compares the potential impact to the recession in the early one nine hundred ninety s. when british g.d.p. shrank for nearly two years and fitch is not alone with his assessment today the c.e.o. of luxury carmaker aston martin said that leaving the europ

now nike is doing damage control.ent saying we're obviously concerned and want to wish zion a speedy recovery. the quality and performance of our products are of utmost importance this is an isolated occurrence we are working to identify the issue. serious situation there if he had been even more hurt, of course meanwhile, nike's rival, puma, well, i guess they could have resisted, but they didn't resist throwing some shade tweet and then deleting, as often happens on social media. wouldn't have happened in the pumas. unnecessary. >> nike shares a bit lower i'm not sure how much -- i mean, certainly that plays into the thesis for the trade i'm not sure how much of that trade is driven strictly by zion's incident on the field -- or on the court. it does bring into the light the idea that when it comes to amateur athletics at this level, it could be a very big deal. especially on a national stage in primetime >> well, there's commercials that were bought for this slot because you thought zion williamson will be playing

duke is a nike-sponsored school. to see when williamson could return. >>> and a pop culture passing to report tonight. ♪ i saw her face >> peter tork, who played keyboard and bass for the monkees, has died. he was 77 years old. >>> when we come back tonight, the michael buble surprise here in new york. at&t provides edge-to-edge intelligence, covering virtually every part of your healthcare business. so that if she has a heart problem & the staff needs to know, they will & they'll drop everything can you take a look at her vitals? & share the data with other specialists yeah, i'm looking at them now. & they'll drop everything hey. & take care of this baby yeah, that procedure seems right. & that one too. at&t provides edge to edge intelligence. it can do so much for your business, the list goes on and on. that's the power of &. & when your patient's tests come back... (nat♪re sounds) corey is living with metastatic breast cancer, which is breast cancer that has spread to other parts of her body. she's also taking pr

second, the to the nike shoe, threw it over her shoulder.he picked up the under armour she went said, this one, daddy. david: do you have to pay her, too. [laughter] kevin: we might. david: you are not in the equipment business. kevin: our apparel should be stylish or cool, but that jacket helps increase your blood flow. it helps your muscles recover faster. it puts you in better shape for tomorrow. david: i'm feeling the blood flowing already. ♪ david: when children or young adults are buying athletic apparel, they might be induced to do so by michael jordan. for somebody my age or older, are they going to be induced to buy something because michael jordan endorses it? are we targeting you? i'm not saying we are or not. our mission statement says to make athletes better. our ambition is when you can outfit the best and people that care about every ounce, every nuance of a product. that builds credibility. that allows the inspiration. best,ice to know the very this is what they choose to wear at the highest level. david: where are the produc

nike's stock took a hit, it was down a little over 1%.ous jared max from "fox news headlines 24/7", sports reporter who stayed late, boy is this getting a lot of attention. i'm sure it will blow every i would think for nike, but maybe a bigger deal, i don't know? >> the punishment for nike they get to be butt end of jokes. late-night talk show. maybe they make it to weekend update on "snl." there are things that could make it go much worse. nike provides apparel sneakers for athletes around the country. connell: sure. >> if anything like this happens in coming weeks, a month to another shoe, where they say there is mice, there are more, that there is another faulty shoe. they have to pray this doesn't happen again. you create a lack of confidence. they're supposed to be an elite sneaker maker. the other problem, imagine zion williamson were never the same again. they say it's a slight injury or mild knee sprain. christmas day lebron james went down with a groin industry. lebron missed more games than he ever had in his career. let's see h

david: suppose they wore nike, what would happen?: that would be bad, but they would not do that. david: they would not perform as well. kevin: i would be telling them don't ever wear that. love the brand. david: when you are an athlete, you were not a superstar athlete but now the people on your team, do they come to you for jobs? kevin: that happens sometimes. no, if we are in the position -- sports is one of the most important training grounds. i would not be doing under armour had it not been for having played a sport and being in football, for the obvious reasons but more. you learn team, you learn understanding. football is a game that has great pressure on us right now, but the lessons learned in america without football would concern me more than america without football. david: have you considered signing private equity people? we are athletes too. there are people that might follow my endorsement. you might think about that. kevin: that is a small market. [laughter] kevin: big opportunity though. david: thank you very much.

david: suppose they wore nike, what would happen?: that would be bad, but they would not do that. david: they would not perform as well. kevin: i would be telling them don't ever wear that. love the brand. david: when you are an athlete, you were not a superstar athlete but now the people on your team, do they come to you for jobs? kevin: that happens sometimes. no, if we are in the position -- sports is one of the most important training grounds. i would not be doing under armour had it not been for having played a sport and being in football, for the obvious reasons but more. you learn team, you learn understanding. football is a game that has great pressure on us right now, but the lessons learned in america without football would concern me more than america without football. david: have you considered signing private equity people? we are athletes too. there are people that might follow my endorsement. you might think about that. kevin: that is a small market. [laughter] kevin: big opportunity though. david: thank you very much.

so i would say as far as nike p.r. heals quickly. >> neil: thank you very much. deidra bolton with the latest on this situation. a black eye for nike. we'll see how they recover, if they recover. meantime, universal income for all americans. i want you to meet the democratic presidential candidate who was pushing this before any other entrant later on. sometimes more than a year later on. the original proponent of that who is betting with his 18 money after this. oh! oh! oh! ♪ ozempic®! ♪ (announcer) people with type 2 diabetes are excited about the potential of once-weekly ozempic®. in a study with ozempic®, a majority of adults lowered their blood sugar and reached an a1c of less than seven and maintained it. oh! under seven? and you may lose weight. in the same one-year study, adults lost on average up to 12 pounds. oh! up to 12 pounds? a two-year study showed that ozempic® does not increase the risk of major cardiovascular events like heart attack, stroke, or death. oh! no increased risk? ♪ oh, oh, oh, ozempic®! ♪

>> yes. >> nike wishes him a speedy recovery saying we are working to identify the issue. maybe one solution, just glue it. >>> it is a video that will shock any parent with kids in school. take a look at this. a driver narrowly missed a group of children by barrelling down a side walk to pass a row of school businesses. we have the details. >> reporter: watch as the driver in this sedan impatient with wednesday morning traffic outside of brooklyn elementary driving on to a busy side walk filled with small children stepping off to attend class. could have killed some of these kids. that simple. >> stunning incidents are nothing new and happening eve day. an illegal passing of school buses found 84,000 instances in one day. eight children killed getting on or off the bus in theol year. another example of how one moment of impatience can have life changing consequences. >>> you know they say you have to take one for the team. this has got to hurt. accidentally scoring a goal with his face. we'll show you that again. a teammate whacked the puck. it hit williams in the cheek f

i'm concerned about valuation of nike which i am.hould be concerned about mastercard look at the earnings growth. look at the last quarter they reported this stock is now flirting with as seema mentioned its all-time high and i think we'll blow through it and the market rolls over here. mast mastercard, one name that seems to be impervious i say trade it and say the word lilliputian fits this. it's a long word to describe a small thing. >> easy, gulliver. anybody want to trade or fade? >> i'll be on the fade it side i love the revenue growth. >> sold to you >> phenomenal what they've done. both challenging each other all the time both valuation is high. >> sold to you dan. >> autozone, 1% from its all-time high. do you trade it or fade? >> i think you fade it here's the thing they'll report in a couple of weeks and i don't think you want to buy stocks like this trading rich to their sells, rich to their space at all-time highs let's see the stock was just at 800 about a month ago. that was the prior high right when they reported it.

what's nike saying now? why geico is here 24 hours a day everyday. geico, fifteen minutes could save you 15% or more on car insurance. geico, fifteen minutes could save you 15% or more but how do i know if i'm i'm getting a good deal? i tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if i'm getting a great price. this is how car buying was always meant to be. this is truecar. [ ding ] show me just add magic. hey toothless. [ ding ] [ gurgling ] [ ding ] show me cartoons on netflix. [ ding ] [ cooing ] [ door closes ] [ cooing ] ♪ [ ding ] show me fish on youtube. say it and see it with the x1voice remote. from netflix, prime video,youtube and even movie tickets. just say get "dragon tickets". this is a very difficult job. failure is not an option.a. more than half of employees across the country bring financial stress to work. if you're stressed out financially at home, you're going to be too worried to be able to do a

she waddled over to the second nike shoe and threw it over her shoulder. then she picked up the under armour shoe and said this one, daddy. david: wow, do you have to pay her too? [laughter] kevin: i mean, we might. not a bad idea. david: you're not in the athletic equipment business. kevin: it should be stylish and cool, but what makes it great is that jacket you are wearing helps increase your blood flow, helps your muscles recover faster. it puts you in better shape for tomorrow. david: alright, i'm feeling the blood flowing already. [laughter] david: when children or young adults are buying athletic equipment or apparel, they might be induced to do so by michael jordan endorsing it. but for somebody my age or older, are they really going to be induced to buy something because michael jordan endorses it, or really, it does work for people like me? kevin: are we targeting you? i'm not saying we are or we're not, but our mission statement says to make athletes better. and our ambition for doing that is that if you can outfit the best and people that reall

nikes stock dropped today. the team lost to north carolina with williamson out of the game. >> knowing what i know now, college is -- college football is -- my advice is get out and go pro. >> vern glenn is there tonight. >> reporter: the road to the playoffs start tonight, the warriors entertain the sacramento kings running up and down the floor in moments. >> it was great being back to san diego, i almost forgot to come back. my wife had to remind me on tuesday night it was time to go back. >> the history for these two, boy, close games. >> they are a fun team, they want to play faster than us, even. the games have been wild between the two of us over the last couple years. >> as i always said, moving pictures on the late show. >>> coming up next you have to bust a move to win a medal, the new event that could make its way into the olympics. >>> a wild idea for a new olympic sport has a lot of people talking tonight. >> organizers are trying to add breakdancing to next games. this is among other sports includ

his nike shoe breaks. i don't think we've ever seen this. williamson leaves the game and quickly nike was on damage control. no pun intended. they issued a statement late tonight saying they are working to identify the issue. president obama tweeted that he's hoping williamson has a speedy recovery. by the way, north carolina wins the game. >>> all right. the all-star break is over. the warriors return to action tomorrow against the upstart sacramento kings inoakland. you know who's going to be there? the we believe warriors from 2007. stephen jackson, jason richardson, the whole gang. today they were having some fun hanging with some local kids for a math hoops event in oakland. tomorrow, though, it's back at oracle. >> it's always good to come back and get recognized by the team. anytime that we, you know, as a player can come back and be engaged with the guys in what they have going on now and making us a part of i think is a blessing. id y notice preside fun. obama was wearing a leather coat with zippers in the arms? >> it's his night ou

she waddled over to the second nike shoe and threw it over her shoulder.hen she picked up the under armour shoe and said this one, daddy. david: wow, do you have to pay her too? [laughter] kevin: i mean, we might. not a bad idea. david: you're not in the athletic equipment business. kevin: it should be stylish and cool, but what makes it great is that jacket you are wearing helps increase your blood flow, helps your muscles recover faster. it puts you in better shape for tomorrow. david: alright, i'm feeling the blood flowing already. [laughter] ♪ david: when children or young adults are buying athletic equipment or apparel, they might be induced to do so by michael jordan endorsing it. but for somebody my age or older, are they really going to be induced to buy something because michael jordan endorses it, or really, it does work for people like me? kevin: are we targeting you? i'm not saying we are or we're not, but our mission statement says to make athletes better. and our ambition for doing that is that if you can outfit the best and people that reall

lulu is biking and nike showing 9% in north america. north america for under armour is key and that is the whole market. that will be the challenge and the competition. i talked to frisk and a plank about that. plank said they are in the $5 billion club as far as how big their market has got them and it puts them with a few elite players like nike and adidas and they have proof they have the like and they are working on fashion wear and doubling down on this idea of franchises where they don't show a unch of products and see what works especially on footwear but build more franchises around hover or the other athletes they have to get kids into it young and at a rate which is not unlike what we see from like nike with a lebron or jordan brand. those are the strategies they will tackle. and that's where the bear case is out. it's a very high multiple. is trading at 65 and next year's earnings and nikes in the 30s and it's a much smaller market cap and i was talking to mike earlier like chipotle valued, always high value for strong growth

definitely not a good omen for nike career as a when a promising basketball star from duke university widely expected to be number one pick for n.b.a. two of its brain to his knee after one of your sneakers literally came apart to put these things same perspective former president barack obama was there to see william some and tickets for the game where we settle in for more than three thousand dollars that explains why nike is a stronger last over one point seven percent at some point on thursday. but it's not the first time that company has had problems in this regard since in two thousand and seventeen there were each shoes with n.b.a. jerseys and that the word theory actually is on a lease that point out that these incident could be an opportunity for all their companies such as under armor to challenge and i could still mean one position in boston could have your footwear in order hostilities there are no in new york thank you. britain's credit rating is under threat guess why well because of bricks that the pound fell on news that ratings agency fitch could slash the ukase prize