a nike decided to alter early for the winter season. so that software came in parts earlier than originally expected. so now you have to deal with this huge amount of inventory. and that means that nike has to mike valid, specially the off season goods that is putting pressure or margins at least. and as i said that a challenge is probably not just through a for nike. ok, so an incredibly difficult environment for ordering on supply chains right now, when will retailers like nike when did they expect to start seeing improvements in logistics in supply chains? yes, even they had some remarks from a nike c, f o, and he was sort of hinting at peak supply chain challenges are locked out challenges. so things might get better from here on, even if it might take 2 or 3 quarters to really get rid of of the high level of inventory. so the problem for nike and some other retailers as well, it's now they're facing some other challenges. for example, an overall weaker macro economic environment because on the plus plus side nike was saying that ov

is that the problem for nike and some other retailers as well? it's now they're facing some other challenges. for example, an overall weaker macro economic environment because on the plus side nike was saying that overall demand so far is very strong. but is that going to stay that way with those micro economic challenges remain to be seen? and then also for a lot of the big u. s. corporation, the high dollar is also an issue, at least the wall street was unforgiving, was all of what's going on with nike and the numbers that we've gotten. the stock was down here on the friday session. by more than 12 percent, the worth trading day in about 20 years. and the stock pretty much got cut in half since the beginning of the year on ryan's quarter in new york. thank you. restaurant work is hard and it's rarely glorious, but it's traditionally had its place in the hierarchy of the work world. the pandemic, however, seems to have shifted that the catering industries as waiters and cooks are missing in large numbers. many have switched to more secure sector

. >> with nike, wright, nike is as famous. you say nike is more famous than paypal, right? what number company do you think paypal is? >> i don't know. >> number 4. >> overall? >> overall. you know the number one is apple. i forget number 2. but number three is mcdonald's, then spacex is maybe six or seven. it's interesting in that as lit as elon musk is his previous company is still worth more than spacex. what number company do you think nike is? number 321. it is not there. to be as big a financial company as it can be. it is there an influencer because black people love nike. so nike is like a company that is redlining and gerrymandering black people. so the reason why gap wanted me to go to a gap wasn't based on we need to get our stocks up. it's like these companies when they have been around for a long time, gap ran the trade. we will never be apple. all of these american companies somehow tipped this deal where they start putting in these really awkward and weird number kind of ceos. nike has got one. the gap had one. it didn't work out. it's all of these weird oper

relationship with nike is now stronger., it's pulled out of a lot of retailer, so it gives dick's another advantage the valuation is very much in favor. big call today, upgrading to outperform, brian nagel, thank you very much. also he isn't seeing big cracks in terms of the overall economy. mike, a lot of 52-week lows today. they're all trading at some new lows what are you seeing in the internals? >> pretty sluggish i wouldn't say a washout, but just kind of churning lower. started out about 70% to the positive size. you see it here just ticking it positive here, but look at gold. basically making a new low >>> still hasn't gotten rid of the up trend >> as we head into the close, not a catastrophic sell-off here by any means nothing extreme like we have seen lately, but still firmly higher for the weeks home depot, caterpillar are the biggest drags. there's the s&p down on the consumer discretionary note, tesla's big decline is certainly dragging down that sector you're also seeing some weakness whirlpool, tractor supply,

aw... ♪ ♪ university who found herself designing a sneaker for nike.ith multiple men last weekend trying to get these shoes and none of them did. >> reporter: it's a hot ticket, janai. these shoes are phenomenal, but i got to tell you something, nike, they have long been committing to pushing the culture by celebrating black athletes and global changemakers. now, this yardrunner shoe campaign, it actually celebrates the rich history of hbcus and this year, it's no different. >> it was just amazing seeing how nike, a global brand, went out of their way to highlight hbcu coaching. > reporter: for the yardrunner 3.0 release nike making history by selecting four black women to design shoes that represent four university, tennessee, clark, and north carolina a&t university among them.es i nto codath lerally is fu we aheulture r ctlin davis, a graduate of florida a&m university designing the famu nike low dunk for her alma mater. >> we have the mascot logo on the tongue. we brag different because, you know, it's our school and the snakeskin clear bottoms. i

so with nike right. nike is as famous as you say, nike's more famous than people, right? yeah.paypal, right? right. >>be what what no company think people thi ys i don't know. >> number four overall. . overall, you got well, you know, the number one as welle is as apple. no, forget forgetting number two. but number three is mcdonald's . then spacex is maybe six or seven . it's really interesting. seven.that as little as elon iss previous company is actuallythan sp still worth more than than spacex. acso what number company do youo thin yk nike is ? the nike number? three hundred twenty one . it their to be as big financial company as it can be . it's there as influencere black because black people love nike. so nike is like a company that is red lining. and jerrngy man during black people. so the reason why gap wanted me to go that gap, it wasn't basedk on , oh, ws upe need to get our stocks up. s yowhu know, it's like these companies when they've been around for a long timega, gap's not like they're like we're inp the rag trade. we're trade.e never going to bee and every

to cancel orders placed with bots nike reports it can chree stocking fees, refuse refunds and suspend accounts of users it suspects of reselling. >>> there's a war brewing and it's all about cookies flour, sugar and sprinkles the controversy has been going on for months but now there's some serious dough flying around cnbc's andrea day has that story. >> frumble is suing. >> reporter: utah's cookie war getting a lot of attention >> cookies really worth suing over >> reporter: it all started back in may when crumbl sued and claiming the two brands, packaging decor and presentation is confusingly similar to crumble's. >> our brand something black and goal, their is pink and black. theirs is a chef wearing a hat, ours is two overlapping cookies. i don't see confusion. i think most can tell fine we don't look anything like alike >> reporter: both told cnbc they think it's half baked. >> imagine pizza companies doing this sending pictures of a pepperoni pizza, putting them in a lawsuit saying it looks mightily similar to my. >> reporter: crumble co-founders sat down with cnbc last year to

i think nike and lulu better companies on the other side.value convenience, off pricers have invi inventory and others will be in a more rational position which sets up nicely value and convenience. >> lulu has definitely outperformed, this month up 17%, down 16% for the year. nike down 40%. what about the turn around stories, no shortage of turn arounds in retail. how do you spot a winner >> what we're doing is we look to '23, i think you want sectors with larger total addressable markets on the other side, solid management teams and really i had owe sin cat ik opportunities. dollar tree with a top management team coming on from dollar general, i think sets up very well from a tangible opportunity in '23 i think in the off price space you have burlington, the turn around growth story. and third, as you think about across the larger picture space in value and convenience, 5 below i think is another beneficiary of disruption. >> really quickly. what assumption do you make about consumer spending into next year on these stocks? >> i think it's

. >> let's goat nike this is a good one up 5% this week.talk about down and to the right, opposite of hess, and i don't see any reason to own the stock. >> what do you think of nike >> in the short-term it's challenging. this is an anytime i have been wants to get long for a while. it's going to be challenging in the short-term, but there are specific names i think will hold up and have stood the test of time nike fits that bill. >> yeah. mike, was there a will lot of activity with did that activity to you indicate >> we owned this stock put that in the past tense don't do it is what i would say. this is not one you want to own. this is a little bit of relief after poor performance that's the reason we got this bounce, you i don't think it's going to last. >> all right, up next, final call wait, i don't do tai chi. i don't do most of the things you see in medicare health insurance commercials. cut! all the ads look the same because the insurance companies all see us the same. humana is different. they get to know you and listen to what you

. >>> let's get to nike. this is agood one. up 5% this week.alk about down and to the right? it's the opposite of hess, and i don't see any reason to own the stock. >> what do you think of nike >> it's the short-term it's challenging. it's a name i've been wanting to get long for a while it's going to be challenging in the short-term, but there are specific names that will hold up and stood the test of time i think nike fits that bill. >> was there a lot of activity, and what did that activity to you indicate >> we actually owned this stock. don't do it would be what i would say. yeah, this is not one you want to own here. i think what we saw of this was a little bit of relief after a really poor performance and that's the reason we got this bounce, but i don't think it's going to last. >>> up next, final call. thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your persp

way back in 2003. >> wow he has been a nike guy for a long time.ld not blame seattle mariners fans for going wild on saturday their team staged an incredible nine-run comeback to sweep the wild card series against toronto. so a surveillance camera caught these guys at a seattle car dealership enjoying a little victory at work, they celebrated like nobody was watching their co-worker skipped over, they did a happy dance there if you are wondering, that looks familiar it's a smaller version of the infield dance. the mariners have been perfecting it all season they got them all the way to their first american league division series in 21 years. let's see if they'll all be dancing today in houston >> they got the steps down. >>> guys, ahead, jimmy fallon will be here up early here in 1a to tell us about his new collaboration with jennifer lopez. >>> first, it's international day of the girl. we are celebrating with an inspiring story. the police officers from right here in new york doing everything in their power to improve the lives of young girls in

is keeping a very low profile _ while, so nike is keeping a very low profile at— while, so nike is keepingends — profile at the moment. it is all friends of— profile at the moment. it is all friends of so and aids of snack —— friends _ friends of so and aids of snack —— friends and — friends of so and aids of snack —— friends and aids mac of sunak. it is also up _ friends and aids mac of sunak. it is also up in — friends and aids mac of sunak. it is also up in the air and i think it is noticeable — also up in the air and i think it is noticeable that it is only the mirror— noticeable that it is only the mirror who has ben wallace's them in play. mirror who has ben wallace's them in play the _ mirror who has ben wallace's them in play. the times that we have just left behind has said the sunak has said if— left behind has said the sunak has said if the — left behind has said the sunak has said if the job is offered, he would take it _ said if the “0b is offered, he would take it. ~ ., ., said if the “0b is offered, he would take it. . . . ., , take it. what are the names you think ademi _ t

. > >> coming up, nike is dropping s prices. we have why in the money money watch report. > >> plus, monday night football s here. tonight is a big one for e niners as they take on the rams. they take on the rams. (vo) a medicare advantage plan should come with all the benefits you want and zero compromises. with anthem blue cross, it can. just go to anthem.com/answers or call 833-797-4179 for a free one-on-one medicare plan review. ask about our zero dollar monthly premium plans that include dental, vision and hearing coverage along with transportation, a gym membership and zero dollar copay for prescriptions all for zero extra cost. plus, you could be eligible for extra benefits to help you save even more. we have plans with up to twenty-three hundred dollars a year to help you pay for over the counter health items, groceries, and living expenses like cell phone, electric or water bills. all on a single prepaid mastercard you can use at thousands of locations nationwide. call anthem blue cross at 833-797-4179 or visit anthem.c

nike is exposed as a china play falling double dug igits, i rest the elusive management a slowdown in europe, decline, supply issues, they will be resolved my view when the war in ukraine ends and china bans the covid policy, nike will come back roaring back i think it's worth the wait, actually but you got to be patient. dow second worst performer is verizon down 25% a bomb of who knows what the credit rating wills say if cash flow doesn't pick up. i don't want a 7% yield from the company getting handed by t-mobile i could name 400 other stocks in the s&p made for better plays of the same thing business is on a slow, steady endless decline. no end in sight, pass. finally, intel down 31% even though it has a 5.8% yield who cares about the dividend when they have a not so great quarter. i know intel is a no worry stance, something i'm aware of because i'm the only person questioning it in the media. i don't know or see how intel has the cash flow it needs to pay the dividend and do the enormous manufacturing buildout. i think something has to give considering the p.c. slowdown. the wor

emerging more on a three to six month basis. >> you like a couple of shoe companies, not including nike which is way much more than a shoe company, but deckers and crocs, largely in that area. >> yeah. that's right so to be clear, we do like nike, maybe not as much in the short term as the three we highlighted today, given some of the challenges that brand has in china, but the three we highlighted have some factor of fundamentals that we think can help whether the storm and/or are structurally better business models comparing over the last few years. we also think valuation for the three we highlight ready compelling deckers has more than $25 a share and cash on the balance sheet. we think is not getting credit of the ugg brand and the specialty brand. that's one we like a lot here as a quality name crocs is more controversial. the valuation is much, much lower here we think the market is pricing in a 20 to 30% cut to croc sales and much lower profitability and also not giving credit for the newest brand they acquired last year, the hey dude brand frankly, all of the market indications

fedex, nike, carmax, micron all disappointing. the higher costs are starting to eat into the operating margins operating margins is what really matters. how much of the profit are you keeping? we had a record of the second quarter of last year, 13.5% for the se&p 500 they're probably going to be in the low tens for the third quarter. we don't have an estimate yet. what that's telling us is it's go getting tougher to hold onto the profits here overall earnings estimates are in positive territory. the growth sectors are getting slashed. look at technology as a sector, for example. technology estimates -- i'm looking at the fourth quarter now. these were expected to be up nearly 9% on july 1st. it's down to 1%. that 1% is likely to go negative another big tech oriented sector, communication services july 1st it was up 2%. now down 9.2%. alphabet, meta as well as all of the communication companies that are out there, the disneys of the world. so that's a huge cut so you see there are estimates that are getting cut all over the place.

bad. 7% of s&p earnings come from china so, you know, we talked about it, the likes of starbucks, nike, qualcomm, semis, casinos in the past do you want to own something like wynn which is a binary play on china reopening or would you rather own something like an mgm? i think you have to be thoughtful and understand where the revenue exposure is coming from in this environment and really going forward because i don't think this is going to change the last thing i'll say is everybody is very focused on k. web for obvious reasons. very obvious if you look at how it's been trading. trading with high bet a. of course those companies have specific issues. k. web arc, for example, .75 so this is trading with the high beta trade of this market. you know, arc's correlation with the s&p 500 is .4, so i think you have these issues that are going away on those stocks, plus the idea that investors are going to be risk averse going forward. that's how the stocks have traded of course, could you trade it for a pop. i think that's very possible, but thinking out a couple of quarters it's a difficult

. >> get to nike good one up 5% this week. carter >> talk about down and to the right?f s, and i don't see any reason to own the stock. >> bonawyn what do you think >> short term challenging. one i mentioned is on my watch list a name i've been wanting to get long for a while i think it's going to be challenging in short term but there are specific names i think will hold up and have stood the test of time nike fits that bill. >> yeah. mike, a lot of activity and what did that activity to you indicate >> actually owned this stock i put thaw in the past tense i'm done with it don't do it is what i would say. yeah this is not one you want to own here i think what we saw this, a little bit of relief after a really poor performance. the reason we got this bounce. i don't think it's going to last. >> up next, "final call. >> announcer: "options action" is sponsored by -- is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your persp

nike deal, you have all kinds of partnerships.ell me about how the season is starting and which partnerships you're most excited about. >> for us winning the championship in the last 24 months, getting on a global platform, playing international games in abu dhabi and having really a global super star in yannis just really catapulted us to a different level of partnership and whether it's mote row la or an -- motorola or anheuser bush has really helped us. liz: the viewership for the final in 2022. last final was down 26% from 2019 so how does this impact ad sales? are you concern when had you see a drop like that? >> no, i'm kind of optimistic because people are consuming different ways so, you know, i think on broadcast maybe down but on social, i think on digital, kind of the numbers just keep growing at astronomical rates and that's kind of what the world is. great prospects for media deal as we get forward in league in the next two years so we're beyond optimistic. liz: i think about amazon prime and how they have some of the

ah, the people in this convoy i heading to when you live on the bangladesh, nike boats. 3000 racing, the wreckage prepared to reach an island in the bay of bengal. among he's 19 year old ash tara bagel, and her husband will smart these card issued by the united nation are all the remain a bit right. more though. we don't like most of the passengers on the boat as tara and who's mom with me and mike 2017 after years of oppression a lot. oh my god, i'm on the but i wanted i'm, i will you go to one of the ones, allow me people or will rather more i'm going to do. all right, so the money. i'm not going to be able to log in fully. johnson, i'm, i love you to us and i bought a month and i got this. i want to see. i'm okay, i'm not gonna hold. i go does. i'm going to see notice the mama, my plague, my mother, and i'm tired of the harsh living conditions in the refugee camps in the south of the country. the couple of say they chose to late everything and moved to the newly created island of boss a situation of the mainland. far she's developed the island to hounds raheem directly. jane. i th

nike wants more customers to have a fair chance to buy it. shoes nike is cracking down on online orders that are believed to be created by bots are automated ordering software that let's see. use your buy large quantities of shoes. nike is threatening the charge restocking fees for returns or suspend accounts by the year. 2030 by the way, guys, the global sneaker resale market is expected to reach $30 billion and welcome to the nine. andre and garcia. you know, i'm telling you, gasia that jordan's and you've seen the logo that the nike jordans and all that. you know. you see this logo? it means that the shoes there you go. everyone knows that right? everyone knows that logo well, that is the biggest resale market because when they come out, the average person can't get them. right and you have you tried andre? no. but for instance, sneaker heads and you know they have like in their homes. they have display cases where them they don't wear them. and sometimes they'll buy two and they'll wear 11 pair and then they'll have another pair. but, you

we just saw preannouncement just recently about inventory from nike. it was huge nike home depot, and of course, it was target about four months ago. they kicked everything off and said, oh, we ordered all this stuff. even amazon did. and now we've got to clear it. you know, we thought that maybe they were going to be lockdowns again. we target right, so they ordered all this other stuff clogged up the supply chains, and then they found out that no covid went away and we didn't need to buy all that stuff. they had to dump it. so how much of this to maria's point is about clearing inventory? i think a fair bit actually, to your point. we are seeing a lot of overstocks in certain categories, particularly casual clothing. as we're all going back to work. we don't need any more joggers and hoodies right like we did at the beginning of the pandemic mirror at home. so we're seeing that we're seeing furniture because there are materials issues supply chain issues with wood coming in. of course, that's that's affecting homebuilding, too. and so retailers are s

he said nike and his own colleagues initially questioned whether it was actually necessary.e insisted, and for decades later, you see those three letter rather three word tagline next to the nike, together he had his partner started the advertising agency wyden and kennedy. over the years it became one of the largest and most successful independent ad firms in the world. he died on friday at his home in portland, oregon. he was 77. >>> 45 seconds left. more than 100 people dead from her came in in florida and north carolina. that number is expected to rise as ricky teams continue to search for the records . >>> ukrainian forces making huge gainsin the south and northeast after forcing russian troops to retreat from a key city. >>> and police warning of a >we're told that success is all about making it on your own. the truth is... need some help? c,mon, get in. nothing great gets done alone. that's why there's shopify. with shopify, you can set up your online store; you can sell on social media; or, you can sell in person, with our point of sale system. it doesn't have to be

there's a stock down 4.25% the same thing we heard from nike nike is down in sympathy here, and it's affecting a lot of retail, right? you've got a lot of inventory. you're going to have to cut prices as a result of that they cite what they call lower consumer demand in western markets since the start of september. i throw it back to you in what is a strong consumer is undoubtedly weakening in certain pockets. >> i will agree with you that the consumer is weakening a little bit, but i don't think the adidas if that's how you pronounce is reflective of >> i'm just telling you what they said. >> i'm explaining what they said >> they said it's due to lower demand, lower consumer demand. >> but look at the airlines. people brought their sneakers in 2021 >> you wear sneakers for -- you wear the same pair of sneakers for more than like a few years hold on, let me take a look. >> i want to see this. i love these stories of too much inventory. >> he looks like he's been wearing them for like five years. >> i love these stories of too much inventory because it's something going to help out in

and nike stuck with him.ck with him, they created a commercial around with a bunch of celebrities supporting colin kaepernick. and, again, free speech, you know, i get it. i get both sides of this. but it didn't, it didn't push mic off. i know it's not an -- can nike off. it's not an apples to apples comparison. >> another thing is liv golf has dominate, and look at these golfers who decided to leave the pga tour like phil mickelson, dustinen johnson, and what happened to them? lost tons of sponsors. you can evaluate that system however you want, but i think what kanye has done in the recent months is far worse than phil mickelson and dustin johnson joining the liv tour. again, nothing's apples to apples, but, yeah, if i'm adidas, i'm cutting him as quickly as possible. he's horrible for the brand. liz: by the way, adidas did say itself that its branded yeezy partnership was, quote, one of the most successful in our industry's history. so let's say they split up. who do you think would have the stronger negot

he said nike and his own colleagues initially questioned whether it was actually necessary.e those three letter rather three word tagline next to the nike, together he had his partner started the advertising agency wyden and kennedy. over the years it became one of the largest and most successful independent ad firms in the world. he died on friday at his home in portland, oregon. he was 77. >>> 45 seconds left. more than 100 people dead from her came in in florida and north carolina. that number is expected to rise as ricky teams continue to search for the records . >>> ukrainian forces making huge gainsin the south and northeast after forcing russian troops to retreat from a key city. >>> and police warning of a possible serial killer in northern california. investigators say five deadly shootings over the past three months appeared to be related . >>> and now, you know the news. i'm sheppard smith, hope to see you back here tomorrow (driver 1) it's all you. (driver 2) no, i insist. (driver 1) it's your turn. (burke) get farmers and you could save money with the safe drive

he said nike and his own colleagues initially questioned whether it was necessary.etter tagline. -- three word tagline next to the classic nike switch. he and his partner david kennedy started the advertising agency wideman kennedy. over three years it became one of the largest and most successful independent ad firms in the world. the ny died on friday in his home in portland, oregon. he was a 77. >>> 45 seconds left on a race to the finish. more than 100 people now confirmed dead from hurricane ian in florida and north carolina. according to a tally by nbc news, that number is expected to rise as rescue teams continued to search the wreckage. >>> ukrainian forces making huge gains in their blitz to the countries south and northeast after forcing russians to retreat from a key strategic city. >>> police warning of a possible serial killer in northern california to connecticut is a five deadly shootings of the past three months in the city of stockton appear to be related. now you know the news. on this monday october the third, 2022, i'm shepard smith. we hope to s

regarding the fact that the ukrainian company nike at one time set the task of decontaminating the last power units. this is the fifth sixth. and they suspended their work and right now right now. e. zaporozhye nuclear power plant does not generate a common system, not a single kilowatt of power at all, even after decisions were made on the transfer due to the fact that the nuclear power plant was under the jurisdiction of the russian federation, in particular, the company rosenergo and a management company was appointed to the zaporizhzhya nuclear power plant management was appointed, it was decided to start maintenance work on the launch. uh, the same, recently polluted, the fifth and sixth power units as part of routine maintenance. naturally, preparations are being made for their launch. what objects will they supply with energy, will they heat, and not the city? naturally, the main hope regarding the launch of the zaporizhzhya nuclear power plant, specifically our city, lies in only one thing, because after the launch of these power units, a situation will occur regarding the suppl

major companies like i did as nike, samsung, and increasingly apple have manufacturing sites in the country. now let's take a closer look at the and i'm thinking amik rise with quinn, lee, n portfolio director at dragon capital and also a director there quinn. why is the vietnamese growth out pacing other countries in the region for the 2nd year running now? okay, so hockey and then we are, we have very strong domestic consumption. that is more than 70 percent of the g of it, ma'am. and now keep on the pandemic, we have been fully vaccinated, most of the population. and now we're really open to the economy. so people just really move and we go back to normal life, just like we call them. if you look at the number of domestic travel, a 140 percent of both the vehicles, it domestic crumbling. and we also have the very fast recovering international side . the man, so given the strong recovery all the domains, domestic consumption that contribute a lot to the growth of it, ma'am. and the next thought is on saw another contribution to that growth. as we see that china symbol is a z and b now hav

and for the you west fed chief bamboo nike as well as economists. douglas, diamonds and philip defect have been awarded the nobel prize in economics for their research on banks and financial crises. announcement was made on monday by the royal swedish academy of sciences. i've been for solon, i sent business with me. i august 21 at the global media in 2022. a frickin off. the cross. we took with creatives from africa. andy african dias. now if you find a different life path, 5 different perspectives. are 21. on d, w. a pulse ah, the beginning of the story that moves us and takes us so long for the ride. it's all about the perspective. culture information. this is the that we're you news and more w leave minds. oh. a is increasing every year in many im gonna working on lunch with holiday destination drowning in plastic weiss, we rewind at the cause of every year, year of the exposure. 1000000 tons of plastic with there. another way. after all the environment isn't to recyclable. make up your own mind. d. w. made for mines. ah, we are a member id everybody. iran. yeah. we are a .

lebron signed a name, image and likeness endorsement with nike.h that company back in 2019. br braunie is a senior and he was spotted at an ohio state football game with his dad last month. he said he wants to go the college route. >> it's fun to watch him play. does he play like his dad? >> he's athletic. we'll see. a lot of people touting him as the next big thing. pretty lucrative deal with nike, especially if he follows into his footsteps. >> thanks for joining me. i'm christine romans. "new day" picks it up right now. strikes overnight. i'm john berman with brianna keilar. in just a few hours president volodymyr zelenskyy appealing to an emergency meeting. this virtual meeting comes on the heels of the large-scale air strikes carried out by russian forces in ukraine leaving at least 19 dead and dozens wounded across ukraine cities. that was before this morning and largely from two russian

incrementa la nubosidad y recuerde, esta nubosidad estarÁ con nosotros todo el dÍa de maÑana maÑana plan nikee bien si maÑana va a celebrar noche de brujas y planifique para martes en la madrugada lluvia que llega de norte load bahÍa y entonces turan ti la maÑana de martes, estas se mueven hacia la zona porque un frente frÍo spas ra por l regiÓn, dejando 20 acepto cimas a 40 de pulgada de lluvia en la regiÓn y hasta 9" de precipitaciÓn invernal en hasta zona, en hospital prÓximos dÍas este es el pronÓstico, nublado lunes, martes precipitamos sacks miÉrcoles sigue kwl frÍo y te continÚa con nosotros gran parte de la semana temperatura que estarÁn por debajo de promedio a partir de siguiente dochl otro sistema frontal noviembre como uno algo lluvioso para iniciar en california y no solo en Área de la bahÍa, sierra nevada tendrÁ nieve. >>> y no nos quejamos. >>> tendremos lluvias el martes, no serÁ intensa pero mÁs que bienvenida. >>> ahora la creatividad y pasiÓn por maquillaje que es la unos pi raciÓn de una joven latina que sueÑa en grande y quiere hacer realidad una idea que empezÓ mientras

. >>> lebron james son scoring his image and likeness in the nike deal. the announcement came yesterday for the 18-year-old hoops star and four other players. in a statement, bronny said, as long as i can remember, nike has been a part of my family. lebron congratulated his son, saying, the legacy continues on. >>> s&p down 24. nasdaq down 116. >>> i am shepard smith on cnbc. it is the bottom of the hour. time for the top of the news. >>> the trial of the parkland school shooter comes to an end the closing arguments for both sides as a jury makes a life or death decision. >>> could nasa save humanity from an extinction level asteroid? today, the results of a test are in. >>> but first, why officials in las vegas cannot search the phone or computer of a murdered journalist. >> a district judge there granted a preliminary injunction today it blocks police and public defenders from combing through the reporters devices, for now. the late journalist, jeff german, cops found him, garman i should say, cops found him stabbed to death outside his month last month

dan: the nike missile site is being considered for national historic landmark status.t is a museum that is located in fort berry. it is one of 24 properties identified by the national park service because of their significant contribution. they range from camp david to the nuke test site at marshall islands. landmark status would protect the sites from demolition and keep them preserved. ama: let's focus on our weather. dan: we start another week, sandhya. sandhya: just about every night we have changing weather. take a look at this time lapse, you can see what appears to be a summertime patternor the marine layer. sales force tower very visible. live views from our tower cameras showing you what you're going to wake up to and what you have to deal with during the commute which is the fog from all four of our tower cameras. visibility down to three miles in santa rosa, half-moon bay. that visibility has been fluctuating. there will be heavy fog for the commute. temperatures in the 50's and 60's. the fog is around not just near coast but it has been moving across parts

the dow laggards are nike and disney let's take a look at those nike off a little more than half a percent and the same for walt disney the best performing stocks in the s&p are from three different sectors. you have hca, tractor supply and regions financial there all up about a 5% or so tyler? >> contessa, mega cap tech companies not immune to the market downturn this year in no way. meta and netflix cut in half this year alone. so how are the world's largest tech companies preparing for a possible recession on top of all of this? julia boorstin covering the social media angle, steve covac on how apple and microsoft are handling a possible slowdown, dei deirdre bosa on amazon an alphabet and casey newton here to discuss it all. julia, let's start with you. you are going to look at a couple social media giants for us. >> that's right, tyler after snap raised red flags about a dramatically slowing ad market, especially into the end of the year, there are growing concerns about meta's earnings which are coming up wednesday afternoon. that stock is down more than 60% this year. those declines

yeah, nike's got a problem target's got a problem they've already told us. the there's some positive news out there, too >> i think the truth of the earnings comes out in the last month when we hear from a lot of the megacap companies. there's been a lot of resiliency that's where investors have the perceived safety and ultimately if the market is to continue to decline from where it was september, those are the companies going to be utilized as a source of funds. >> i think what's going to be hard about earnings season what we're seeing now we're seeing very asymmetrical, asynchronous responses. on the day fedex said, hey, everything's terrible, jet blue preannounced positively. so as we come out the real worst of the pandemic, right -- when we first had the pandemic all we knew all earnings were going to be better because earnings had been revised now we're having all these reverberations but they're completely asynchronous with each other you don't know when you're going to get a target and wal-mart that are terrible a and a luluand ralph lauren that are

caterpillar, nike, travelers, walt disney, procter & gamble, all laggards if you take a look at the broader base of s&p 500 which many market professionals like to look at as a better gauge of the overall health of the market, the laggards are lumen down 3.11% pg&e, norwegian cruise line, carnival, etsy it's a kind of sample right now with what we're seeing with regard to the real laggards. remember, many of these stocks have seen real volatility around the changing narrative around the economy right now. >>> let's get to your morning's big money mover. shares of twitter are surging after elon musk's decision to reverse course and decision to buy the company. twitter says musk plans to close that purchase at his original offering price of $54.20 sources tell cnbc that deal could happen as soon as friday that agreement follows months of legal drama as musk tried to back out of his initial agreement with both sides set to go to trial in just a matter of two weeks. and the deal likely proving to be beneficial for some big named investors. "the wall street journal" reporting carl icahn amassed

that's nike. how are you viewing the market after those huge rallies over the last two days, i should say? >> well, i look at this in terms of just what is our outlook for the next couple of quarters but really what's our outlook for the next month and if we go back to thursday or friday of last week and you'd ask me how i felt about the next four to five weeks i would be somewhat concerned we're entering into an earnings season we could continue to see guidance downward. that's what everybody is concerned about from a multiples perspective. we're going to start to see earnings come down very markedly as we go into the earnings season we also have the combination of the elections right now to jim's point we're pending a cpi report, pending the beginning of earnings season we're seeing i would say mixed data in terms of job openings this week as well as your announcement that came on tech check of jobs being cut from an amazon perspective in terms of openings so i think we have a very mixed story o

it did get support from former nike founder phil knight and others and basically on the issue of crimetial republican governor of oregon tells you about how much the winds right now are in favor of the republican party after the democrats with the abortion issue seem to have some momentum over the summer. no wonder stacy abrams is trying to diffuse that issue. at the same time you look at one of the bluest states in the country new york where governor kathy hochul who succeeded she was lieutenant governor of andrew cuomo now a few points ahead according to the latest polls of her republican challenger lee zeldin, if democrats are having to play defense in states like that. tells you in more competitive states where a lot of the republicans had been written off by the press as being extremists, trump-backed conservatives, you look at the numbers, and those races are within a few points. >> bret: do you think speaking to the press the media changed now and it's starting to be conventional wisdom money and crime and immigration are maybe more important? >> i think even the most left leani

the co-founder of nike on a mission to keep democrats out of power, making a buzz this morning. what fill knight has to say. stay with us. ♪ i want a girl with a short skirt and a long jacket. ♪ hi, i'm angela. i've lost 58 pounds with golo and i've kept it off. i suffer from autoimmune hypothyroid and i always thought it would be so difficult to lose weight, but with golo, it simply wasn't. vo: it's a new day. because now updated covid vaccines protect against both the original covid virus and omicron. just in time to say, “oh, you bet i'll be there!” a whole lot more. millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... save hundreds a year on your wireless bill over t-mobile, verizon and at&t. just take the xfinity mobile savings challenge today to see how much you can save. million

decision to suspend the signing of the association agreement with the european union, georgia and i saw nike, matthew, you'll see here for just you with jello. she'll let you know as cooper that the official one we took we made on other show up at blue senior color tissue. i left noble tom yo yos for we'll edit, we'll edit the queer with the us that she can will you over your store. but he can go to the store, let them know who i am with. send them my daughter. i need a new bully, tenicia. i need my 1000000 a but it will sit on it. so i just thought, oh oh oh, it shall store in there with junction for the if there's a song that going from eastern onions come bonus really of his or we're in london by surprise for us. cuz i don't recall some, it's a social and i'm assuming there isn't any knowingly as well. so just when you, when you try to stop, because i'm in the communities with the john notional, from mom, i, me, and michelle, if you're from, when she will, you're writing them down to muslim slash much, either of your companion. most of you on the production slick agreement partition, can

well, nike is cracking down on sneaker buying bots, orders that are made using automated software.will cancel orders made on website or apps and is adding restocking fees and possible of penalties for those who use the type of software. this is seen as a big blow to the resale market. finally, this. nasas' asteroid smashing dart mission is seen as a smashing success. it was seen as a test for the agency. the spacecraft made impact with the distant asteroid, shifting the orbit, scientists calling this a watershed moment. americans are having a tough time paying for gas and groceries but if an asteroid comes toward earth it will be okay, everybody so you can sleep better now i guess. maria: what a story. thanks, cheryl. cheryl: you bet. maria: president biden painting an uneven picture of his stance on vladimir putin's war in ukraine, here's what happened yesterday. >> i think he is a rational actor who is miscalculated significantly. he's acted brutally. i think he's committed war crimes. he in fact can not continue with impunity to talk about the use of a tactical nuclear weapon as

lululemon, nike, they have the power brands that know how to manage their inventory.ot of brand preservation and pricing power. charles: right. speaking of the inventory situation you do have some of these names that brew it. some major names, yet wall street seems to be warming up to the targets of the world, home depots of the world. face it, even if they have a misstep occasionally, have not stocks in general, retail stocks got to the point where you like the risk/reward? >> oh, i do. i think a lot of them have been beaten down. they all got slapped with the whole inventory issue which a lot of people had to manage. this is nothing new. every brand out there post-covid, post-port strike, and all the problems we have they have to manage it but yeah, i think any weakness in nike, any weakness in restoration hardware, hr, any weakness in lulu, those are high-flyers i love, lvmh as well. charles: you have been spot on. they're doing great. kristen, great seeing. >> you thanks so much. charles: we talk to you soon. when we come back i read some of your emails and tweets

nike says it still has too much clothing in stock. other retailers making similar comments earlier this year including target and walmart. the silver lining for consumers, there will be more sales on casual clothing, home goods and electronics as we head toward the holiday season. back to you. >> all right. >>> well, this morning a young sailor cleared of charges he intentionally destroyed a billion dollar warship. a military court acquitting ryan sawyer mays of setting a devastating fire in 2020. abc's zohreen shah is here now. good morning to you, zohreen. >> reporter: good morning, eva. this was quite the case, fingers were pointed squarely at a young sailor after this fire broke out, but two years after that massive blaze destroyed the "uss bonhomme richard," navy sailor ryan mays has been found not guilty. look, outside of war this was the biggest and it was the costliest ship fire in the navy's entire history, and it destroyed that $1.2 billion vessel. and navy prosecutors had argued that mays lit cardboard boxes in a storage ar