to china, nike remains silent. you do not address brutality in china. what about the slave labor that makes sure shoes and that makes you rich? >> harris: well, critics say the white house isn't going to do it but an nba player finally calling out china and those who do business with that communist nation. cantor plays for the boston celtics and born in turkey. he has been tearing into communist china and the sneaker giant nike and calling out nba stars staying silent over china's human rights abuses. on the list is lebron james. over the past four days he rocked the sports world and beyond highlighting china's subjugation of china and calling it modern day slavery. nike, michael jordan and lebron james are scared to speak. william la jeunesse with the story. coverage from los angeles. william. >> the twitter post went viral because of what it said about lebron james and his contract with nike and the company for using slave labor in china to make shoes. he rips both as hypocrites. >> dear nike. your company says y

nike stands with stop asian hate. when it comes to china, nike remains silent.lice brutality in china. do you not say about oppression of minorities in china. >> the boston celtics ennis canter from turkey in viral tweet calls out abuse of uyghur muslims. >> what do you do about that slave labor that makes you rich. >> nike named in bipartisan congressional report of likely using forced labor a claim nike and china deny. >> china not worth refuting. >> sneakers are also anti-china. >> my muslim brothers and sisters are getting killed, raped and tortured. >> he also criticizes nike's founder phil knight and the company's biggest stars lebron james and michael jordan stop with the hypocrisy. stop the modern day slavery now. >> james defended china in the past when a houston rockets executive supported hong kong protesters, james said. >> i believe he wasn't educated on the situation at hand. so, just be careful what we tweet and we say. >> critics accuse james of a double standard defending minority rights at home while egg norlg them abroad. nikey's deal with the

i make have worn nike sneakers in college that were given to us by nike.it. >> john: canter is calling out the woke mob for tackling issues in the united states but not carrying about what goes beyond our borders. >> we painted on nba floors, slogans on the backs of jerseys and helmets from a statement which you can say black lives matter is one thing. look at the organization behind it, we've seen is a marxist movement. we know that. the nba says let's kneel, let's paint it on the floor. it's our slogan for two seasons. if you speak out about the biggest threat facing our freedom in the world, the communist chinese, that's not accept able? if you can't speak your mind in america, you're not free. >> sandra: thanks, pete. >> thank you. >> sandra: saying no to woke. speaking of which, dave schapelle responding to the backlash over his comedy special. next to the critics that want him cancelled. that's why they customize your car insurance, so you only pay for what you need. oh, yeah. that's the spot. only pay for what you need. ♪ liberty, liberty, liberty,

is now accused of ignoring. >> nike stands with black lives matter, nike stands with stop asian haten it comes to china, nike remains silent. you do not address police brutality in china, you did not say a word about oppression of minorities in china. >> the boston celtics from turkey in viral tweet calls out nike for ignoring abuse of uighur muslims. there about 30 companies named in the bipartisan report of likely using forced labor claiming nike and china denied. >> fallacies he made are not worth refuting. >> sneakers are also anti-china. >> my brothers and sisters are getting killed, raped, and tortured. he criticizes nike's founder phil knight and the company's biggest stars michael jordan and lebron james. who gets a 30 million a year in endorsing nike products. >> lebron james, and michael jordan, stop the hypocrisy. stop the modern-day slavery, now. >> james defended china in the past when a houston rockets executive supported hong kong protesters, james said -- >> i believe he wasn't educated in the situation at hand. be careful what we tweet and we say. >> critics accuse j

the big call on nike giving it a boost. whether you should bet on this name >>> and a high end burger from shake shack that could bring big returns. >>> we start out on apple. josh has the detail. >> apple just unveiled the new iphones last month, but bloomberg is saying they may cut production by as many as 10 million. the reason, prolonged chip shortages. according to bloomberg, apple is saying suppliers are having a tough time delivering enough components i caught up with gene. not a big surprise apple did flag as a potential challenge. cfo luka said it would be greater in the quarter than the constraints impacting iphone and ipad >> 10 million is probably a 5 to 10% impact over 6 months though gene says it only delays the man, not destroys it back to you. >> the big question here, guy. this sort of confirms what everybody's fears were about the crunch it may not be as transitory as we thought >> going back to september of 2018, we saw it in january, '20 and earlier this year where you see a peek drop or decline from 15

nike running higher as teams lace up on the sneakers stock. that and more when "fast money" returns. ♪♪ since our beginning, we've looked to inspire and nurture each other by asking what's possible? what's possible when we connect? what's possible when we come together? when we open our hearts. when we grow together. after 50 years, we've learned that possible is just the beginning. you have the best pizza in town and the worst wait times. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> welcome back to "fast money. netflix flew to an all time high today. check out our chart of the day netflix app daily down loads hitting their highest of the year, thanks in part to its new hit show "squid game." it currently holds a 90% approval rating on rotten tomatoes here are the cliff notes, it is a south korean show. there is a catch contestants learn that it is more than about winning. if you lose, you die there it is in the nutshell. how

kennedy: giant like nike and be a pretending like such atrocities aren't happening in china everyday.r bottom line is too big to fail but if he's in china, is the only way to enter the dragon but shaming president xi jinping went on us so it's persistent. >> nike remains silent. you do not address police brutality in china. you do not speak against lgbtq communities. you do not say who are worried about oppression in china. who makes it in china? do you even know? there are so many forced labor factories in china and monastery slavery. kennedy: take that, mikey. he decided to shoot his shop and he is not backing down. one more shot today tweeted this, the owner of nike, so nice to get we could try to visit these slave labor camps and you can see it with your own eyes. twenty-three, you're welcome to come, to an forced labor. the cancer is risking his career, livelihood, reputation and freedom so others may one day enjoy ferris. conflict billionaires to make a different, to take a stand and fight for what's right. hey, mikey. let's do it. that's the memo. in his entire tenure and be a

plus nike shares have had a mediocre year, but a new survey shows that teens love the brand. i can attest to that ti it a top pick of our trading naon team? we'll take a look and find out when "power lunch" returns commercial real estate exchange. and it's fast. if i could, i'd ten-x everything. like our lunch. (laughs) amazing! see it. want it. ten-x it. - [narrator] introducing the grubhub guarantee: our promise to deliver the food you love on time, and give you the lowest price, or you'll get $5 off your next order. immediate action to raise the debt limit before the deadline on squawk box this morning, she said the consequences are dire if there's a debt default. >> u.s. treasury securities have long been viewed as the safest asset on the planet, but partly accounts for the reserve status of the dollar and placing that in question by failing to pay any of our bills that come due, would really be a catastrophic outcome. i fully expect it would cause a recession as well. >> joining us now is libby cantrell, the head of public policy at pimco. welcome back good to have you w

first up is a question on nike sdpl >> good evening.ke is it a buy, sell or lohold >> how do you think the pressures apply to nke >> i think it's a hold here, if not a buy. they had some troubles with the supply chain i think that's relatively well known many the market. there's a risk it goes on longer than a couple of quarters. i think the recent price action has reflected that it's going to be driven toward the growth stores. i think nike fits the bill and i think the consumer will be strong now it's bounce really nicely off of rising support. i think youcan play it higher here >> yeah. mike, i think it was about ten days ago, goldman says healthy industry backdrop. sourcing concerns likely priced in they initiate with a buy 172. what did you think >> yeah, i mean, we also have to just talk about management they really been doing a great job for the past several years i think it's really important just obviously i think it's important for nike which i think continues to execute obviously, the demand is there i think it's important ju

i think of names like lulu and nike as opposed to cole's and gap. i would point to nike and lulu because i think they have better growth behind them and have nailed it better in the digital consumer >> do you think amex and its users speak to the general u.s. consumer typically they tend to be higher end income consumers can you connect the dots between that and broader consumer spending >> sure, mel you have seen broader consumer spending, but those at the higher end have been spending more you saw it in terms of travel and entertainment and goods and services but there has been so much hype about not having product for christmas or other holidays so people have been buying ahead. that's one thing we have been watching we have concerns about how some businesses are paying for the growth i agree with jeff. i think i would trim this one and turn to more growth names. i like square. it has its cash out, going after after pay, so that will boost its ability to both the merchants and consumers. we like that when you find something where there are many w

nike stands with -- nike stands with the latino community and nike stands with the lgbtq community andna nike remains silent. >> bill: i think nike has said that there is no slave labor that goes into making their product in china. i think they are on the record as saying that. how do you think this is resolved when one guy is taking on the chinese communist government and a major american company like nike in the midst of woke america? >> the fact he is calling out the hypocrisy as i haim to do in my book is the first step to progress. the ceo of nike a couple of months ago went to china and said stands with china. nike is a brand of china and for china. a direct quote from him. yet they criticize slavery 250 years ago in the united states without reducing their reliance on slave labor today to source sneakers that they sell to black kids in the inner city for 200 dollars. it's unsustainable. at the end of the day the chinese market is so attractive corporations will dance to their tune. many are lap dogs to the ccp. when they say jump, they jump. the last cold war with russia. no com

>> clearly we talked about nike. lulu lemon another important apparel brand that's been surprising us for years despite being positioned as an upper income brand it is gaining in momentum it's the number four brand now another brand is shean, this is a chinese based ecommerce company that is now the number six brand among all teens, 10,000 teens in our survey, and also the number two website gaining share as it moves towards amazon at number one >> going to keep an eye on that brand as well. on a macro level, erinn give us your thoughts having done this so many years. what was the most eye opening or surprising thing to you on a macro level from your survey >> sure. so i think this was a very important survey from a perspective of we're getting some good data points as we move through reopening. and so, the fact that apparel is moving up, again you said it best, seven years -- or the highest it's been in seven years is a priority with the wallet. we do think there is an accelerated apparel repl replenishment cycle. w

clay travis talk about someone taking on china and taking on nike. nancy mace has this idea puppies shouldn't be tortured. i wish anthony fauci felt the same way. you will find out what is happening to beagles in tunisia and wish he felt the same way. i booked him on a whim. wish me luck i hope it comes out good. let me start the show. i always thought optimistic cease the glass half full than half empty. when it comes to being vaccinated. you would think a nation who has 70% of eligible citizens vaccinated would feel good about itself. most vulnerable 85%. did delta variant on retreat. over 40 states, the numbers are going down. this would be all good news. of the glass is two thirds full. but not according to the biden administration. according to them, it's not who is vaccinated, it's who is not vaccinated. and the biden's ultimatum for people to get the shot or be fired has created anger and angst from schools, to hospitals, to firehouses, to police departments, all across this great nation. putting all of our safety and security in jeopardy and

like, now we're going to buy nike and i think the shares started storing the thing. nike has a history of preying on black and brown communities, not just to sell their products, but also how their product is made. and so similar to cultural appropriation, when you've got liberties endorsed, being or giving their message to a big brand, that clearly a poor creating a social movement for clever advertising. that's very problematic. i think that sort of shallow marketing and commodification of social movements is what we need to stay away from. but the earlier example that i gave you, which was a worker, lead piece of legislation, where the front line work, a community that the ones that demanded the living. and then you had celebrities with back check data using that platform to support. that sort of similarity is really critical. and so i think the win win here is when influencer and celebrities are allies to campaigns that are really rooted in solutions for the community. the professor help to me go ahead. well, i think the biggest problem, the biggest disease we have in the world rig

nike sneakers worn by michael jordan break a record at auction.ot getting through the pandemic just to end up with the flu. i asked for fluzone high-dose quadrivalent. it's the #1-used flu vaccine for people 65 and older. fluzone high-dose quadrivalent is the only vaccine approved by the fda for superior flu protection in adults 65+. i'm not letting my guard down. fluzone high-dose quadrivalent isn't for people who've had a severe allergic reaction to any flu vaccine or vaccine component, including eggs or egg products. tell your health care professional if you've ever experienced severe muscle weakness after receiving a flu shot. people with weakened immune systems, including those receiving therapies that suppress the immune system, may experience lower immune responses. vaccination may not protect everyone. side effects include pain, redness, and/or swelling where you got the shot, muscle ache, headache, and general discomfort. other side effects may occur. all flu shots are not the same. i raised my game with fluzone high-dose quadrivalent. as

it's a low number for anyone i know the macro is, oh, nike's going direct to consumer and that's goinghurt foot locker and all the other precissures, amazon and whoever else. that is all true that's why it trades at the valuation it does. when you back out the debt, because they have this -- there's a new accounting rule a couple of years ago. all your leases you have to put on as debt on your balance sheet. back that all off, as you should, and they've got a lot of cash the enterprise value is very, very cheap the last thing is goat, and i'm sure you're family with, besides being greatest of all time, it's a shoe business. they own a significant stake there was a new round of financing in june and july that was much higher than their cost. i think we'll see an ipo or a spac or something on goat at a much higher valuation than that. it's a trade, not investment but i really like it >> it's such a convincing argument, nadine, but at the same time, you know, it is subject to the supply chain issues of its suppliers, meaning the nikes of the world and all the other sneaker manufacturers.

and jobless claims below $300,000 for the first time since the pandemic started let's bring in nike nike down at the nyse what is this market telling you in how important is today's move >> i think it is constructive. i think it checks off a box, if you were looking for some kind of a process that says the market's six-week consolidation, chopiness, pullback, might be running its course might be i say, because you did have really better activity underneath the surface of the indexes than you had in the indexes themselves for several days i also would point to yesterday where you had plausible excuses for the market to back off further. apple's production cut news out there. the cpi was higher than expected yet you didn't necessarily have that much outright weakness. also we didn't get the late-day selloff we usually get i bring that up because tactically those are the clues where people say fine it is worth a shot today the commentary within the bank earnings conference calls about the strength consumer along with economic data points supports this point. we are in the s&p 500 back up to

it's a be yeah, i think similarly, we all remember when nike, you know, that kept the nick was going to be the person in america like in to camps. right. there was those were like, oh my god, because of it, we never going to buy nike and then folks were like, now we're going to buy nike and the shares started storing the thing. maggie has a history of preying on black and brown communities. not just to sell their product, but also how their product is made. and so similar to cultural appropriation. when you've got liberties endorsed, being or giving their message to a big brand. that's clearly a for creating a social movement for clever advertising. that's very problematic. i think that sort of shallow marketing and commodification of social movement is what we need to stay away from. but the earlier example that i gave you, which was a worker, lead piece of legislation, where the front line work, a community that the one that demanded the living. and then you had celebrities with back check data using the platforms to support that sort of stan leverits is really critical. and so i t

nike at 250 billion. these are much bigger market capitalization i think nike right now at this technical level and also the sentiment going into the year, it has a laggard i think it provides an opportunity for a little bit of outperformance, seema. >> shares of nike nearly up 2% today. great to see you both. you can catch us on twitter or online tradingnation.cnbc.com. >>> president biden's going to speak on the supply chain bottleneck when he begins we're going to bring it to you right here keep it on "power lunch. >>> and now the latest from tradingnation.cnbc.com and a word from our sponsor. >> every trader should accept that losses are a part of the process. so in an effort to reduce your risk and to find your max loss, consider using stop or stop orders this approach can help eliminate emotion from your decisionmaking and set you on the path to consistent trading schwab is the better place for traders. that building you're trying to buy, you should ten-x it. ten-x is the world's largest online comm

nike is a human rights based company. it's sensitive, i admit.ut i just think that -- the numbers from china were very suboptimal there are a lot of better stocks to buy i don't see the need to go in there. i like tapestry more. >> is that going to apply to starbucks as well, which had a little dividend announcement today? >> starbucks is told you they would tell you it's made for china by china and starbucks have done a good job about that they have embraced the culture that was something that howard schultz started. i don't regard them -- $200 sneakers are an affront to the regime but if they come in around $6, i don't think it's an affront to the regime. >> i understand the regime, yes. i get it i get it the biggest losers so far has been the large chinese technology companies led by -- take a look at alibaba the stock is down 40%. >> they don't like that one either talk about conspicuous consumption, which the marxists have never liked i know senator cruz -- >> they're focused on certain things that we are in a way. trying to create common pr

after the break, lebron james' business partner maverick carter on the new funding round backed by nikec games and more. >>> plus, more on the nasdaq rally, this morning. "techcheck" is just getting started. ♪ it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. ever

what conditions nike shoes are being made.is issue we have been covering a long time. that is allegations of widespread abuse, and ill treatment of the uighurs and other minorities in western china, including allegations of forced labor where the u.s. government actually assessing 2 million of them having been sent to internment camps in this country. beijing has always denied those allegations. one of canter's hashtags illustrates the growing situation of a growing number of western institutions finding themselves caught between upholding values they claim to hold dear at home and increasing nationalistic consumers in a lucrative market. nba has gotten in this kind of trouble before. two years ago the houston rockets, remember, talked about the hong kong protesters. the celtics game also being pulled from live streaming platforms. the official response more muted, laura, probably because the olympics, winter olympics is coming in 100 days. official very much aware. the whole world is watching how they handle the fallout when

, mel when you look at who is going to get affected most, there are names that come up you look at nike and who is under the most pressure. when i look at some of the financials, that's a different type of pressure and they have been dealing with this for a long period of time. we saw the j.p. morgan numbers it was a matter of where was j.p. morgan in terms of where was the stock trading. i mean price to book there is a lot of other names that trade very inexpensively, bank of america, citi, some of those names where they have the ability to give a great number and move to the upside >> breaking down the banks we will break it down ahead. >>> but first our chart of the day. why one bad apple doesn't spoil the buh.nc we will explain. don't go anywhere. dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones this halloween, xfinity rewards is offering up some spooky-good perks. let's partner for all of it. like the chance to win a universal parks & resorts trip to hollyw

nike worked with steve prefontaine. wholesale accounts, roughly 64% of their sales the other 36% comes from their website. which is growing like a weed take a look. and sales, nearly 85% increase in the first half of the year. in switzerland, they had brotherly love, 500 years of peace, and they developed the cuckoo clock i'm never going to look down on swiss innovation or engineering. never mind that the cuckoo clock comes from southern california go watch "the third man," you can stream it on amazon prime. really good. back to on holding, they've created something really special here in a world where consumers embrace healthy lifestyles, while fashion has become increasingly casualized, this is a good one sales growing, and the company is turning a small profit. even before on holding raised $570 million from its ipo last month, they had a near pristine balance sheet, plus their cash flows just turned positive there's not much i can say about them other than they're excellent. and their revenue growth is acce accelera

you know, as i say, the the nba, like nike, they all lecture us.rcing to the worst possible sources in china. and here's the other kicker to this. it's not just that they've taken jobs out of america while lecturing americans, it's that a they've given power to the communist party of china's authority. you see, just since this happened, since mr. kanter decided to criticize it, chinese state media has gone blank on the celtics games that they're meant to be broadcasting. they decided not to do it. now, this is a deal with the nba worth $1.5 billion. steve: right. >> so when enes kanter speaks up on this, it's the sort of thing that's going cost the nba a lot of money potentially. steve: sure. >> but this is the problem, the ccp has everybody over this barrel. and it's time that we work over that barrel. everybody from the basketball players to anyone else who can speak up should do. we've got to reverse this. steve: let's see the bill knight -- if bill knight from nike responds because all eyes are on him. it's in his court now. douglas murray, tha

there was a time with nike where if you bought a pair of nike sneakers, paid more for the sneakers than in texas. americans in west virginia are affected by that. there were a time when billionaires project basis, one of the richest people in the world not only didn't pay taxes but he got money back from the government for the deduction. so bottom line, my hope is that will get senator sinema to realize it's not so much tax increase, is justea asking folks who haven't been paying their fair share to pay their fair share. by the way, it will result in lower taxes for those minors in west virginia and vermont. >> peter welch is because, we welcome your calls and commentss 202, 7,008,001 or republican or democrat (202)748-8000 minutes and others (202)748-8002. interceptor bill has passed in the u.s. senate of the house is yet to take that and they are side-by-side with $3.5 trillion measure, ucs mistake in terms of not being able to pass the infrastructure bill as a standalone measure? >> teachers about the standalone but those numbers who are committed to passing both is essential. there

s&p up about 8, nasdaq higher by about 66 markets are calmer right now >> nike is facing a $20 millionawsuit over allegations of abuse. and naming the former coach accusing him of emotional abuse after joining the project in 2012 the allegations were raised in late 2019 when she appeared in a new york times op-ed nike described the claims as deeply troubling and announced it was scrapping the organ training program saying china's ongoing crack down would lead to the economic crack down in the country saying that crockdown could have broader ramifications. >> i think we might be looking back at this period in six months and say, gosh, isn't it obvious that this would be a major slowdown in china? major and unexpected slow down which should have a big impact on commodities generally the latest federal contractor to implement rules. it would allow despite a ban on the matter in the home state the move by the texas-based operators defy the demand. both have asked employees to submit proof of vaccination by september 24 >> sticking with the airlines, delta set to report third quarter result

the ceo of nike said we are a company for china.e've talked about their military buildup, their manufacturing base, their launching hypersonics. they're doing it with our money. between hollywood, between sports, between wall street, firms like blackrock that are telling people to triple their investment into china, you know, enough is enough. i want people to make money all day long but not when it comes at the expense of u.s. national security and when the head of china is talking about replacing the american dream with the china dream. enough. but good on him for also calling out the olympics. you have these woke corporations that want to boycott georgia. you have nike that wants to, you know, laud and it up on a pedestal -- laud and put up on a ed stall all kinds of sports stars like colin kaepernick, yet they want to turn a blind eye to mod person day slavery that is -- modern day slavery right now. when you see made in china, put it down. if you care about social justice, well, let me tell you where slavery is happening, it's

for close to a decade, the nike executive has led the jordan brand as in michael jordan.d trailblazers. he counts mj as his close friend and inner circle includes members past and present and knows every big name in the league. larry miller had a secret. one even jordan didn't know until recently. as a teen in west philadelphia in 1965, he shot and killed another teen. he did prison time. but he spent more than half a century guarding the secret from just about everyone until now. miller's autobiography will come out in january. but he gave his revealing first interview to "sports illustrated." senior writer howard beck talked to miller for this cover story, and he joins me tonight. welcome. so did you have any idea when you did this interview with miller that he would reveal this bombshell? >> yeah, actually, i did, pamela. he reached out through intermediaries some months ago saying that larry miller has a story to tell, and it's a sensitive one. and obviously a very provocative one, to say the least. and he's going to be revealing it in a book early in 2022. but he wan

i think fedex has issues nike, the only problem is costco problem.high multiple but absolutely i would be looking at those -- that costco and nike. the compounders if they were to pull back. coke is one that's lagged. looking to buy more of that. i want to hear what they have to say say and if they have the pricing power that i think they have >> sorry weekly jobless claims to discuss those with coming in earlier of course steve liesman with a look at the employment picture ahead of the jobs report tomorrow. >> thanks. the street looking for an in between number tomorrow. not as weak as august or as strong as 1 million jobs added in may and june and one to keep the fed on to track to taper 500 thousa 500,000. that's the mark. and another strong month of earnings gains is 0.4% adp stronger than execed data from the hr software company ukg is correctly pointed to surprises and now looks in line with the consensus. decline of workforce tiftd correlates with payroll growth how much plus or minus that's watched carefully one annual itself thinks there's a

the poster child is nike everyone is saying, is nike going to be what everyone will be the model forsupply, really a problem 40% from vietnam, we're having problems there they've had shutdowns around covid, indonesia, the same situation. the hope is it would get up and running very soon. they're very reluctant to punish nike, because demand is so strong how do you figure this out it's very different to get the supply-chain issue right i think that's the big problem markets are having norm ate it's a mid cycle thing. we have certains peeking out p.e. ratios start coming down, and they have, and earnings start flattening out look, we're going to the third quarter earnings we're in the middle of a global recovery, third quarter earnings are -- the dollar estimates, they're lower than the second quarter. that's a little strange, folks, when we're in the middle of a global economic recovery the ammists are being very, very conservative the bull hope is they'll be wrong again. what's holding everybody back is the supply chain we can't figure it out is nike the model here that's the probabl

what will nike do?kers and products in china and we know what's going on there in terms of the genocide which has been called genocide by two administrations by the way, mike pompeo and the trump administration and also antony blinken in the biden administration. so what are we waiting for? are we waiting for the ccp to invade taiwan to do more damage on the world stage before we call it out as a nation? >> right. i mean, i don't really understand much of it either. i mean, kanter said back in 2018 that nike would not give him an endorsement deal because of his speaking out against erdogan and it shut down stores in turkey. a company like china which nike has massive investment in and the nba has massive investment in this amplifies this to a whole other level for him. maria: it really does. christian whiten, weigh in here. >> yeah, it's interesting, you know, so many of our corporations are still so pro-china despite all of the evidence. goldman sachs giving itself a big pat on the back for giving owne

with the ceo of nike, i could go down the list. i had marc benioff last -- the last couple of years. the financial capability, and the report stated if lupino businesses -- latino businesses were funded at the level other businesses, the annual rate of revenue to the country would be in the trillions. so it is a business concept instead of just diversity and inclusion in that is what we are trying to project. amanda: super important. we can't have you here and not ask you if you are running an airline today what would you be thinking and what would be keeping you up at night? the input cost must be on the mind of hardy lock-in and what do you see a. what is your thought about what your peers are dealing with? oscar: it has always been a difficult aspect. it is difficult to do all of that who you contrite many methods and everyone tried hedging forward with everything you do in the market. away to do this long-term and is what united started doing a long time in the world of sustainability. have to develop the market for alternative

so if you're getting your kids nikes, plan ahead.etting them something from pacsun, they don't want that. ( laughter ) ( applause ) shortages-- so i hear. i am informed. i am informed that that is the case. shortages are also hitting the world's biggest toy brands, including fisher-price, tonka trucks, k'nex, and care bears. also toys like sno cone, the happy unicorn, and the popular l.o.l. dolls. so while you can't get an l.o.l. doll, they have introduced a line of leftovers from the factory floor: w.t.f. dolls. ( laughter ) ( applause ) now, now, again-- i'm informed. maybe you're saying, "that's fine, steve. i'll give the gift of books." well, think again, nerd, becaus ( laughter ) due to a paper shortage, bookstores may not have the book you want this holiday, including former president barack obama and bruce springsteen's collaboration, "renegades: born in the usa." well, that's too bad. because that's a good book. at least they have plenty of copies of former president jimmy carter and jon bon jovi's collaboration: "livin' on a

satcha: un par de zapatillas de michael jordan bate rÉcord en subastas, se trata de nike air por los

>> no, nike is so well embedded in basketball.ll be a relationship. before the pike, nba china was a huge priority for the commissioner. he knew that, he wanted to, adam soberg wanted to make sure they were intact. there was the then general managers said some interesting things china was upset about. first after all, brazo. people were applauding. he has been this guy i think basketball gave him a platform to do what he really wants to do which is a leader in his community and find what he believes are correct in simple human rights. china is too valuable to pay attention to what he is saying. now, what he did do which i think is very clever, is that obviously, he when tweeting and putting up on social posts, he tags lebron james and phil knight, the owner of nike, that's really smart he wants them to respond and get more traction. he isn't a household name in his own right. if it was lebron, this would be a really big deal. you know what i'm saying? >> exactly, sadly, we are out of time. i want to ask about players in texas. but

their spending power will obviously increase and you just spoke about the micros >> we're showing nike, lululemon, t.j. maxx, those are stocks that are positive >> yeah, on the survey four years of this data surveying younger consumers, lululemon stood out as the biggest consumer among spenders, in that category, it remains dominant in sneakers and apparel. and then facebook, instagram and tiktok showed huge gains in purchases on those social platforms. those are the big names we saw >> normally, facebook would have an investing implication, but totally bigger challenges right now. tiktok, obviously, i don't know how you invest in that until you have ideas of what brands. >> well, social media with huge implications the power of these platforms whether facebook, instagram, tiktok, the average r revenue, the power that these platforms have and network of users, the pricing power for advertising has become much more central. the cost across digitally becomes more expensive with scale digitally. we talk about that quite a bit in the report. >> and maybe if this is a choppy retail season i

nike is at the top of footwear brand. >> who needs a sandwich when you could have a new purse? >> that's how a teen would think. but i would have taken the sandwich. >> yeah, me too. of course. >>> we're going to see fresher breezes blowing in today, but still moderate air quality ahead of the cold front, but improvements elsewhere. we will talk more about this and cooler temperatures in our forecast, coming up. >>> a little blurry view. the auto focus -- yeah, the autos are moving so you can't get the focus. we'll check out things with a clearer view, coming up. >>> and then a massive oil spill pollutes some beaches in southern california. you're watching "today in the bay." i'm morgan, and there's more to me than hiv. more love, more adventure, more community. but with my hiv treatment, there's not more medicines in my pill. i talked to my doctor and switched to fewer medicines with dovato. dovato is for some adults who are starting hiv-1 treatment or replacing their current hiv-1 regimen. with just 2 medicines in 1 pill, dovato is as effective as a 3-drug regimen... to help

up next, a pricy pair of nikes, new instagram parental controls, sort of. and free breakfast for all you teachers out there we'll tell you about who it is your top trending stories. it is ahead, dow futures down, bitcoin and oil are up and we are back right after this >> announcer: today's big number $28.6 billion. that's how much market value was lost in new york city's office sector during the fiscal 2022 according to the new york state comptroller. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. ♪ earl: - hey barista: - good morning, earl! narrator: - since our beginning, barista: - there he is! narrator: - w

nike which aligned itself with black lives matter and other movements, including those by collin kaepernick urged shareholders to vote against the resolution saying it's doing enough to promote equity and inclusion across all levels of the company. back to you. >>> we'll see how investors react to that. thank you very much. >>> that potential deal out of d.c. as well as maybe the historically solid fourth quarter helping stock futures right now, up 160 on the dow, about 1% on the nasdaq a tech turn around why don't we think longer term and bring in joanne feeny. joanne, i'm sure you watched the day-to-day waves of the market with interest but it's not going to change your overall investing views. you're thinking about where to make money not just next year but five and ten years from now. so i'm going to ask you, where can we make money five and ten years from now >> right, brian. good to see you. as we talked about before, that investment horizon really does need to be longer term we do want to make money along the way. but we have to recognize it's going to be a bit volatile so what we're

and you can see the steady committee for me to watch and for like a 2nd, but also nike with or did or did that. it took them. yeah. with ah, but i make no sense. you know, born is and is blind to tease. and you as a merge, we don't have a therapy, we don't on the back seat, the whole world leads to take action and be ready. people are judgment, common crisis with we can do better, we should be better. everyone is contributing each in their own way. but we also know that this crisis will not go on forever. the challenge is great. the response has been massive. so many good people are helping us. it makes us feel very proud that we are in it together with ah, it's open, open, cool. most basic with doug, believe go, we did. who bought? i bought a dial from our company. either way, but i know from politicians to athletes and movies don't to musicals, does it seems every big need in the world has been here this year? copa bazooka corpus christi school. oh, a typical but i used to live with me. glover, music with said basil makes dreams come true. the every one who falls in love with people

nike, deliver room, to win the hearts and minds of gen z. are they doing that through instagram?hat do you think facebook can do at the moment? >> thanks for having me. they are doing it through instagram and snapchat on tiktok. i have been running this business for the last five years and i have never heard someone say how do we target gen z through facebook? flip -- platforms like instagram, tiktok. snapchat primarily for the ar and messages are winning the field when it comes to reaching gen z. sonali: is instagram the way that people can reach consumers? is the blue app kind of the lost cause when it comes to the new regeneration? >> i love how you describe it as the blue app. very cool. that is the case. really, it is down to a number of things. everyone talks about this whole thing about when your mom is on facebook, that is the time you get off. i think it is more than that. facebook has become a bit too bloated as a platform. there are so many things to do. there is marketplace. there is news feed. rather than instagram is far simpler. the other thing is when you think ab

he's calling out nike over forced labor in china.he tweet, to the owner of nike, how about i book plane tickets for us and we can fly to china together, we can visit the slave labor camps and you can see it with your own eyes. he tagged lebron james and michael jordan, inviting them to join too. he was seen to wear customized shoes with the words modern day slavery on it and no more excuses written on the sneakers on them. how great is he for calling out what we know to be true, china is a bad actor and the chinese communist party has the uyghurs locked up right now. to call out nike for making speakers there. >> you're exactly -- sneakers there. >> you're right. it shows the evil at the core of a lot of these international companies that are willing on one hand to do business with a country, a godless slave state like china which is an enemy of the united states, undermining our economy, doing so while doing forced labor, slavery camps where there is torture, murder, and execution and they're willing to come back here and say that t

. >>> a top nike executive tells sports illustrated he shot and killed a man when he was a teenager.he man who broke the story joins us live next hour. you're in the cnn newsroom and we'll be right back. lavender baths always calmed him. so we turned bath time into a business. and building it with my son has been my dream job. at northwestern mutual, our version of financial planning helps you live your dreams today. find a northwestern mutual advisor at nm.com [birds chirping] [clapping] [beep to indicate recording has started] ♪i like it like♪ ♪i (hey)♪ ♪i li-♪ ♪ ♪ is struggling to manage your type 2 diabetes knocking you out of your zone? lowering your a1c with once-weekly ozempic® can help you get back in it. oh, oh, oh, ozempic®! my zone... lowering my a1c, cv risk, and losing some weight... now, back to the game! ozempic® is proven to lower a1c. most people who took ozempic® reached an a1c under 7 and maintained it. and you may lose weight. adults lost on average up to 12 pounds. in adults also with known heart disease, ozempic® lowers the risk of major cardiovascular events su

the big call on nike giving it a boost. whether you should bet on this

. >> nike, i really like their product pipeline, ecommerce and dtc business continues to improve.ock has something finally in it, because it has been kind of a disappointment >> it has. i think there's continuing -- i think there's some value there so let's see how it moves into the fourth quarter >> steve weiss >> volkswagen. they report in the morning before we get in, and they had cautioned that the second half is when they will feel the semi shortage they didn't feel it the first half i think there's a very small chance they announce they will spin off porsche there have been articles in the paper about that in europe that will be monstrous i don't know if i would buy from the earnings but definitely buy tomorrow either way. >> joe >> st. louis-based $12 billion company bunge, renewable diesel vegetable oil. strong demand. >> thanks, guys. good to see everybody. "the exchange" is now. ♪ >>> thank you, scott hi, everybody. i'm kelly evans. here is what is coming up on "the exchange" >>> markets are hovering near record highs and one strategist says he has been buying some of th

came out and they said we're having some supply chain issues dick's sells nike.that's the issue and those are temporary. dick's is under new management, the new ceo of the last couple of years and she's done a phenomenal job they have plans there to change the business a little bit and the smaller stores i think it's a phenomenal stock and very cheap it was so much cheaper at 140 with the increase with earnings estimates going forward and this year than it was when i bought it originally at 95. so yes, i still like it and it is a core holding. >> we were just looking and it is up better than a double this year that doesn't factor in here? i think it was 110% on the year if i looked at that right. we'll show that again, gang, please weiss? >> you have to look at where the earnings are now and where the stock price is versus where the earnings were when it was down at that level, and if the earnings continue to go up, and if you're feeling better about going out to stores and they've got a great pickup at the curb process, then yeah, it's cheaper now. stocks can be