we have to admit that is true, nike is a value trip.hs in late 2021. this is nike, one of the great senior growth stocks of all time. which is it? when nike reported a week and a half ago, the actual quarterly results were fine. the sales came in weaker than expected, down 2% year-over-year with key reasons north america, europe, middle east and africa struggling to grow, even though everybody loves to worry about nike's chinese business, greater china was their only reason with higher than sales. even though company sales were not so high, nike's profitability was terrific, a 17% earnings beat off an 84% basis. the stock was going to trade up when this first happened. they had 53% adjusted earnings share growth, for heaven's sake. nearly all came from cost cuts, including a 2% head count reduction in february. in the end, it with australia mixed quarter from nike, something that could explain the small sell-off, but definitely not the 20% tumble we saw the next day. >> the house of pain! >> the real problem, okay, so management gave us

the vast advertisement campaigns by nike were widely noticed in the world. the vast advertisement showed that, just like the fashion designers in the 1970s, nike had decided to make a long-term investment in west asian markets. besides manel rusten from egypt, amna al-haddad and zahra lauri were uae. atletes who were hired as the ambassadors of the company's clothes. they were famous and popular figures who constantly reminded the audience that the designs would remove the clothing barriers in sports. two weeks later, i was the first athlete wearing a hijab that appeared in the nike campaign in west asia. they had designed the hijab with light drive-fit technology. i moved beyond west asia and turned into a... figur. ما خانواده ها هیچ کدوم سیاسی نیستیم وابسته به هیچ حزبی نیستیم ما فقط خانواده این یک پرنده که تو قفسه اگر در قفسم باز کنیا جرأت نمی کنه بیاد بیرون. the remarkable life of zainab hamoud, a courageous syrian photo journalist who fearlessly ventures into the heart of conflicts to document the realities of war and shed light on the untold stories in

the vast advertisement campaigns by nike were widely noticed in the world. the vast. advertisement showed that, just like the fashion designers in the 1970s, nike had decided to make a long-term investment in west asian markets. besides minal rustam from egypt, amna al-haddad and zahra lauri were uae athletes who were hired as the ambassadors of the company's clothes. they were famous and popular figures who constantly reminded the audience that the designs would. remov the clothing barriers in sports. two weeks later, i was the first athlete wearing a hijab that appeared in the nike campaign in west asia. they had designed the hijab with light drive-fit technology. moved beyond west asia and turned into a global figure. iran has come a long way to gain independence in the defense industry since the 1979 islamic revolution. it's warships, speed boats, missiles. and drones among many items in its arsenal have caught many countries in the world by surprise, but as military experts and top brass say, this is only a tiny fraction of iran's capabilities that have

two weeks later, i was the first athlete wearing a hijab that appeared in the nike campaign. west asia, they had designed the hijab with light drive-fit technology. i moved beyond west asia and turned into a global figure. iran has come a long way to gain independence in the defense industry since the 1979 islamic revolution. its warships, speed boats, missiles and drones, among many items in its arsenal have caught many countries in the world by surprise. but as military experts and top brass say, this is only a tiny fraction of iran's capabilities that have been unveiled. watch for the details in this documentary. ما خانواده ها هیچ کدوم سیاسی نیستیم وابسته به هیچ حزبی نیستیم ما فقط خانواده ایم یک پرنده که تو قفسه اگر در قفسم باز کنیا جرات نمی کنه بیاد بیرون. it speaks with me the saint of the soil, from the blood and the ashes, it speaks with me the sound of the rain, from the battle and the victory, victory. i free you, oh palestine, i free you, oh palestine, i free you, oh, palestine, i free you, my every prayer is a cry to my enemy, and i cry out, cry cry out, cry out to

the vast advertisement campaigns by nike were widely noticed in the world. the vast advertisement showed that, just like the fashion designers in the 1970s, nike had decided to make a long-term investment in west asian markets. besides minal rustem from egypt, amna al-haddad and zahra lauri were uae athletes who were hired as the ambassadors of the company's clothes. they were famous and popular figures. who constantly reminded the audience that the designs would remove the clothing barriers in sports. two weeks later, i was the first athlete wearing a hijab that appeared in the nike campaign in west asia. they had designed the hijab with light drive-fit technology. moved beyond west asia and turned into a global figure. okay, this is so... دنبال پسرم که سرباز بوده الان ۳۴ سال یعنی خدانی شما میگذارم زنده بودم ولی زندگی نمیکردم من می خوام تا پدر مادرم زنده هستن خودمون زنده هستیم برادرامونو ببینیم نه پادر پدرمو دیدم نه خواهرامو دیدم چندین ساله می گذره ولی ما به هیچ کدوم از خواسته هامون نپسیم ما خانواده ها هیچ کدوم سیاسی نیستیم وابسته به هیچ حزبی نیستیم ما. if

it's a holistic approach for athletes at this year's nike house. olympians can use the space to hang out with family, get a hai haircut, or their nails done and create ai-generated custom t-shirts all while wearing the company's newest heat and compression pre-recovery and recovery technology. >> we're sitting in a room that has a lot of new technology. how are the athletes embracing it. >> you know, their input has been along the way, but for them to actually see it in this moment and to be able to use it, it's been awe-inspiring. >> reporter: tonya hvizdak is vice president of sports competition. late last year, nike announced $2 billion in global cuts over the next three years. the company sees the olympics as an opportunity to maximize sponsorships and advertising. >> what i hope for consumers is just the excitement of sport. i hope they're just energized by it, and for us a as a brand, that they show us showing up for the athletes in the arena of sport. and it's spaces like this, that we're with them all throughout. >> one of those athletes, f

starbucks, i think, goes -- starbucks goes to $90 before nike. >> starbucks to $90. >> before nike. >interesting. >> big, big, big. david, big. i'm not talking about here. i'm talking about big. >> what -- what is emboldening you to make this kind of a call, jim? >> i think that a lot of the political turmoil that upsets starbucks may be behind them somewhat. but david, that stock has cratered because of -- everything had been going wrong. i'm betting that something is going to go right. whereas, nike, everything's going wrong, and i can't find anything going right even jordans. >> best buy was a little around this price when you said it would go to $90, and it did. >> i'm going to get the new pc. the new pc is a godsend versus this one where the battery burns out after three hours. >> nike and starbucks have one other thing in common, which is, china's very important to them, and then you -- apple and tesla. when i think about sort of the four names, apple, tesla, nike, starbucks. >> right. >> in terms of how important china is to all of their businesses. >> and don't forget win for

nike key-- they are a bad day a from being covid lows.s is the premiere brand inat leisure, in footwear, at least in the sporting world. so, i think you're going to get opportunities. i don't think we're there yet. we had a once in a lifetime generational pull forward in some of these places. we had a consumer that didn't have any bills to pay for awhile, they were getting checks from the government. there was a dynamic where we saw the spend. we had the margin expansion that comes with a.i., that comes with a lot of the technology improvements, the digital, the dtc. these are all things that are great for apparel and retailers and places that have outperformed. multiples doesn't even get that lofty, because, again, they became more profitable. but i think you have a ways to go here. i -- unfortunately, i think the winners are ones you can stay in and i wouldn't run too far away from walmart here. but i think names like nike, lulu, mcdonald's, i want to buy them soon, but it's not here. >> name that was mentioned on the call, we've talked

well, nike is pretty much trying to be all things to all people.stayed very close to a core concept of who your customer is, and therefore, i'd like to know, who that core customer is. is this the casual runner? is this the sprinter whose competing in high school and how many pairs of shoes do those runners need to go through per year, because this is one of those things where you like things to break down so people buy more. >> yeah, look. this is the beauty of what we do. fundamentally, we believe that anyone that puts one foot in front of the other deserves performance product, and so our product doesn't just speak to the everyday runner. it speaks to the most dedicated runner. it speaks to anyone that wants to move, a walker, the gym and what we saw during covid was participation rates absolutely exploded, so our brands sat right in the middle of that participation explosion and when you have great gear like we do, consistently over time, you're able to win the runner and we've been able to do that. we believe sharp focus on a performance categ

we'll get to nike and a bunch of other names when we come back. (♪♪) what took you so long? sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com i can't believe you corporate types are still calling each other rock stars. you're a rock star. we're all rock stars. oooo look look at my data driven insights, i'm a rock star. great job putting finance and hr on one platform with workday. thank you! guys, can you keep it down. i'm working. you people are (guitar noises). hand over the air guitar. i've got another one. want to save on some of the biggest names in streaming on the network made for streaming? x marks the spot. now you can add the new xfinity streamsaver™ that includes netflix, peacock, and apple tv+. that's xfinity streamsaver™ for just $15 a month. all your favorites. all in one place. only from x

nike sneakers have been eclipsed by new balance and hoka and on.nk is all about the company failing to deliver. elliot knows this business can be fixed and when it's fixed, i believe the stock will go quickly to 90 if not $100. if not restricted, we'd be buying more here and now. can't do it though. my belief is that they fix it or elliot finds a new teao will. a brand so pristine, so good, that i have to be they can find the best leadership and have them right the ship. perhaps ooeeven before the end the year. starbucks is one of the three big china losers that i consider buying because it doesn't have a demand problem. in fact, it's problem is that it can't handle the demand and that's a very high quality problem indeed which is why we upgraded today and told club members you're getting a chance to ride along with elliot with or without the current starbucks team. >>> i'm jim cramer. see you tomorrow. returns to the tank. you're, like, why america is the amazing country it is. who wants to make the world a better place? i think it's a phenomenal

they wore custom made jackets from nike. yeah. they're beautiful. the jacket was, yeah, they're nike, but they're created by designer and former competitive gymnast sami miro. look what she did. she's from san francisco, and some remember her as zac efron's girlfriend. she's out there. she says her jacket designed is meant to capture the team qualities of strength, resilience and inspiration. you'll start to see really special embellishments on the jacket. it's celebrated off of nike, the greek goddess, and so it really is talking about. it's bringing together sparkle and strength, and it's also bringing together greatness and glory and inspiration for our amazing athletes. team heads to paris is both the oldest and most decorated us olympics women's gymnastics team in history, and they're going to be looking good throughout. as you can see, are so excited. don't forget you can watch our newscast 24 seven on roku and other streaming platforms. jessica aguirre joins us now with what's coming up next at 530. coming up at 530. a homicide investigation

nike is more focused on fixing their footwear than anything else. under armour which is a multibillion dollars women's business, they're going through a complete reset and walking away from that business. athleta, it's gotten better in q1 but has been floundering. there's bigger companies they can take share from. even if you have smaller upstarts. >> thanks so much for your time. >> thank you. >> tim, she just gave you a laundry list of these athletic wear makers that are all having issues at this point. >> look, i think there will be a time, and it's not going to be when the economy's kicking it. there's going to be an opportunity where the multiples have gotten pretty cheap, and there are brands in here that are extraordinary brands. they are leaders. they are best this class. i worry a little bit about this lulu brand, i don't think it's ever going to be as hot as it was and as exclusive as it was. it really does get down to where you put that multiple, as she said in the low to mid-20s on a multiple. you've put a massive discount on where it wa

nike, over the weekend, with this ad. asking, am i a bad person for wanting to win? take a listen. >> am i bad person? tell me. am i? i'm single-minded. i'm deceptive. i'm obsessive. i'm selfish. d does that make me a bad person? am i a bad person? >> nice little willem defoe voiceover, by the way, birthday boy today. >> i think nike is -- look, the endless bleeding at nike is probably down 32%. i don't want to go against nike anymore. >> really? >> i've been very negative on nike, but i think down 32%. i don't want to buy it because, remember, i think -- i used the word china and pathetic and i did that because they can cut rates all they want. eunice yoon told me, $6 trillion in bad loans. that is not the resolution trust committee when president -- when the first bush was president. that's where we had a big s&l crisis. that's like an s&l crisis times a hundred. they can cut rates all they want. the only thing i care about is who would defend taiwan? 2016 trump was very, very eager to defend taiwan. the 2024 trump is b

i know you're recommending nike.in some athletic related or lululemon at least, and also, of course, you know, just this restructuring of the market share story for nike hasn't been that positive. what at this point do you actually like in terms of what you see there? >> yeah. it's been a pretty terrible story but the way i look at it is, there is a big lag in when you start working on things like innovation or regaining distribution and when the numbers actually start to show up. we know that nike has been focused on this for the better part of the year. they've been hiring and investing in r&d and putting more marketing dollars behind their launches and rebuilding partnerships with retailers and we are in the trough where we haven't seen any of that impacting sales yet. and, you know, where the stock is, sentiment and the multiple are at 10-year or more than 10-year lows, the stock is uncoded. as soon as we start to see the brand momentum working and their efforts paying off, the stock is poised to rebound. i don't

including the nike. maybe that will help them or i don't know.ay it's good news for dick's. management raised their four year outlook for same store sales and raised their earning -- by 50-cents at the midpoint. very encouraging. i love to see a company raise guidance only the first quarter. business is going much better than anyone expected. even three months before. all right. what about the stock? now dick's stock initially jumped from $195 to $226. eventually peaking at $244 and change. just three weeks ago. since then listen to this. it's stock has sold off -- back to just under 201 today. you are get that amazing last quarter for free. even if you missed the initial run you are getting another chance to buy this one at a great price. here is the bottom line. best buy. both reported much better. they expected quarters this past spring but best buy is down from its post 30 highs and dick has swung 14%. i don't know. it looks like great opportunities. let's go to juan in florida. >> hi. thank you for taking my call. >> of course. >> thank you

june, the stock plunged 20%, the worst day since nike's ipo in 1980.ging back the senior executive to oversee struggling retail partnerships. joining us now is adrian ye, the retail analyst covering nike at barclays. adrian joined multiple analysts in downgrading stock after the fourth quarter report. adrian, great to have you with us. the stock is like $10 away from pandemic lows. things look that bad at this point. the bulls will say, nike is already working to improve the innovation. they're going to have a bunch of new products in the pipeline. why did you get so downbeat on the stock by downgrading it. >> we downgraded the stock, thanks for having me on, because the level of uncertainty in running the business from a strategic standpoint over the next 12 to 24 months, has just increased. we are pleased that they are engaging in all of this innovation and they have this pipeline, but they launched a bunch of new, you know, new products, about 30 new products at the paris innovation summit at the end of june. and none of those are proven in the mark

they wore custom made jackets from nike. yeah. they're beautiful. the jacket was, yeah, they're nike, but they're created by designer and former competitive gymnast sami miro. look what she did. she's from san francisco, and some remember her as zac efron's girlfriend. she's out there. she says her jacket designed is meant to capture the team qualities of strength, resilience and inspiration

well, they've been sort of happy and the big nike up possibility here was i'm sure to be happy to, i'd be happy speech being stage bit i'm of the you need is now a go down. so there must or question the 2nd challenge would be, how does he in a country like in the, especially his background? how does he navigate the whole topic of toxic masculinity? the so it needs to eat sleep, green valley. and he has to convince not just as extended family themselves and everyone around him, even the people in the metro. this is really, really what he wants to do the, the same. and it seems like the most of the day after which they got it there for done so in the back of the event that with the furniture on the pallets, i mean like i'm thinking myself, what would i do? yeah, i'm sure i'd be like mortified if i was doing that and that is something like that would definitely do something for you. it would make you feel this at some level when i 1st met them, it was like i said, what he did and i thought, okay, he's far away, you know. but then when i saw that associate, these guys with crazy, he's will

from nike, and they feature a lot of different options for the skaters. here's one of the other shirts. this is what, nyjah was wearing, but in a navy color. and they do that because it's a reflection of the real individual creativity in the sport. yeah. if he could get a trick in the 94 range right now, it could change everything. team usa, street skateboarders and i guarantee you he just did it. pulled off podium performances arizona native jagger eaton, a silver edged out narrowly by japan in the sport that made its olympic debut in tokyo and california's nyjah. huston won his first olympic medal, landing bronze. wow, special moment for skateboarding. it's a special moment for team usa. it's just a special moment. i'm grateful to be involved. where are you from? i'm from super fan vivian robinson came from l.a. to cheer on team usa, and the men's gymnastics team gave her ample reason making history with a bronze finish, the first medal in 16 years for team usa. u.s. swimmers made a splash, with ryan murphy bagging bronze for a three peat olympic medal

well, they've been told to help him out of the big nike up possibility. yeah. well, i'm sure to be happy to, i'd be happy stage being stage being the 2nd challenge would be, how does he in a country like in the, especially his background. how does he navigate the whole topic of toxic masculinity? the so it needs it needs to meet green valley and he has to convince not just the extended family themselves and everyone around him. even the people on the metro, this is really, really wants to do the same. and it seems like the most of the day that i have to go to the down south and in the back that i was gonna see the you rented with the furniture on the pallets. i mean like i'm thinking of myself, what would i do? yeah, i'm sure i'd be like mortified if i was doing that and that is something like that would definitely do something for you. it wouldn't make you feel is at some level, when i 1st met them, it was like, i saw what he did and i thought, okay, he's far away, you know. but then when i saw that is ok, this guy's bit crazy. he's willing to try something as

he left nike in 2020.tailers like footlocker after pulling products from the many stores in favor of its own shops, e-commerce and apps. stockist declined 33% this year through monday with sales continuing to fall. pershing square usa launched a roadshow for the initial public offering of its shares. the hedge fund management company is expected to list at three dollars per share and it is seeking to raise $25 billion from that offering. that would be the largest of its kind in the u.s. pershing square will apply to list their shares on the new york stock exchange. much of houston remains without power in tropical storm beryl. authorities warned that the blackout could last for days. more than 85% of the city lost power and at least one person was killed after the hurricane made landfall yesterday. most of the outages are in houston and areas to the southeast strong wind and heavy rain knocked out electric lines. the city is now facing a threat of high temperatures. the national weather service posting the

so, more trouble for nike at the moment. now, as we kickoff the final hour of trade the vix looks like it's not even awake. no fear here. we've got the volatility index snoozing again below 13 but we need to prepare you for a july jolt. oh, it is coming. thanks to a weak chalk full of potential lightning bolts that could energize or fry the markets. tomorrow federal reserve chair jay powell gives his semi-annual monetary policy report before the senate banking committee and wednesday he does it again the house financial services committee will be his audience and that's all before thursday when we get the latest read on consumer inflation. june cpi followed by the june pp i, the producer price index is the sister of the consumer price index, and it gives you a sense of manufacturing and inflation at that level. all those potential catalysts plus the fact folks this really is sort of the first full week of trade of the second half of the year and it means it's time to buckle up for possibly heavier volume and kind of a rockie

meet the new nike jam! the first shoe that nike has created with breakers in mind.s got a flexible top section, many layers to handle and move with complex footwork. the sole of the shoe is versatile, made to work on smooth surfaces, on concrete, on asphalt. according to the website fast company, olympic breakers will be wearing the shoe during the games and if you want to wear them too, you can. they're selling for 120 bucks. i'm excited to see i it's time to get away and cash in at cache creek casino resort. to rock and to roll. to go all out or go all in with four stars and rising stars. northern california's premier casino resort is the perfect place to do as much... or as little as you want. make your getaway now and cache in at cache creek casino resort. organizers shut down a street and open different booths for the community to enjoy. today's event was on mission street between avalon and geneva streets. there was live music, giveaways, chess lessons and other different activities as well. many families you can see right there enjoying exploring the car free

nike, deckers, and dick's all closing in the red.taurant stocks chipotle and star bucs also down. but the discretionary sector managed a nice gain on the day, led by tesla's 10% move higher. more on that later in the show. but amazon helping the group, hitting another all-time high, topping the $200 mark for the first time. >> so, what to make of this divergence, the continued weakness? >> first thing's first, you better know when you buy the xly, amazon and tesla are 35% of it, and they're not -- that's not discretionary to me. discretionary is everything from deckers to nike to lulu to restaurant stocks, cmg, mcdonald's. so, you have to understand if you remove amazon and tesla, you are down 5%. if you look at what's going on in apparel, these names have fallen out of bed. if you look at aspirational things, beauty, estee lauder, even some of the better ones, these things are going lower every day. look at the spirits space. this is a two-year chart that is death defying to the downside. so, if you look at best buy, dick's, i mean,

in ancient greek mythology nike is the goddess of victory.this concludes our episode, thank you for being with us and see you on broadcast tv. you know what i love most is when your eyes light up with that special light. come, fall in love, be surprised, be inspired. your moscow. i wanted to open a deposit at 18%, it turns out that you can get it at 20%, it turns out that for money there is your own marketplace, financial services, a financial marketplace from the moscow exchange, this is the ecology of the city, this is a contribution to the health of our children, this is clean air, they talk about switching transport to methane, about protecting nature, but it’s not just that. methane is cheaper, savings on every kilometer, the sweeping engine works perfectly, installation of equipment as part of the project. national fuel, i converted my car to methane without investment, being practical is beneficial for nature and for you, choose eco-gas, refuel at gazprom stations, attack credit card debts, i will show you a couple of tricks, collect a

now, the vast advertisements by nike for the new island. products had the muslim women not just in west asia but all over the world in the crosses the advertisements had found their way to most of the... billboards, television ads and magazine pages, but the vast advertisement is only one side of the coin of producing sportswear for muslim women. when the large shipments of the products were being unloaded in the ports and airports in european countries, some strange news broke out in the world. the impact is huge politically because it sends a... clear message to the political elite that you cannot stigmatize part of the population just because of their religion. the news was about bail that sought to put a ban on the sports wear in france. i don't want my daughters to live in a country where women regress by a century or two centuries or live as if they were in saudi arabia. the outfit would let muslim women cover their hair and neck. they were supposed to be supplied by one of the largest. support gear companies, namely the cathalon, but it faced social stigmatization by several frac

southwest last week lay an egg and general mills layed a massive egg and lower volume plummeted and nike consumer is hurt and consumer sentiment is going down and where does this lead the federal reserve? should they be acting sooner in your mind? >> nope, inflation is sticky and big, big increases and that's in part because unemployment rate increased and it's still historically tight at just 4%. the fed acts laid late and 1985 or 1995 or 1967 and fed preemptively tightened before it was a problem and this time around the fed waited till after inflation accelerated and if anything, they were light tightening and should be late in easing to make sure inflation is squeezed out. charles: caught flat footed and paying for those sins. cannot let you go without getting your thoughts on friday's jobs report. you more or less nail it had last friday and i was in the studio when a number came across and you use ai to help so is that cheating? >> everyone used ai now so can't say it's cheating and at end of the day, you're seeing deterioration in the employment backdrop. we've had claims and dura

motors will join the alliance of other auto giants. in japan, honda and nissan, nike newspaper reportedthe company's total production volume is about 8 million cars per year. the new alliance will be the second in the country after toyota motor, which, with partners such as suzuki, subaru and mazda, sells 16 million mitsubishi each. teams up with colleagues to survive in tough competition. the world is gradually switching to electric vehicles. japanese industry is inferior to manufacturers from other countries in this segment. companies will try to complement their product lines. friend to maintain market position. that's all for now, more news in the next hour. the sberspasibo loyalty program has been updated and has become even more profitable with a sbertime subscription. plus two top cashback categories. one percent on everything. and twice as many bonuses every month. it's more profitable in savings with prime. tired of looking for a loan that will be approved? compare simplifies this task. take a loan on the website or in the mobile application . compare. the problem of cystitis i

in ancient greek mythology, nike is the goddess of victory.in won his first victory even before he was born. discovered crystals of pure sulfur on mars, the discovery was made when a stone split by the rover came into the field of view of scientists, which turned out to be bright yellow inside, and the presence on mars, minerals containing... gray have been known for a long time, but this is the first time it has been found in its pure form. pure gray is formed only under special conditions; this requires certain temperatures, pressures, and the chemical composition of the environment. and, as far as science knows, these conditions should not have been present on the red planet at the time these deposits were formed. the scientists doing the research say it's like finding an oasis in the desert, and now they have to explain it. most likely, science has encountered something previously unknown geological process. flowed on ancient mars, well, these are the main news for this hour, there is a weather forecast ahead of you, and with that i say go

so far deckers, i this, benefitted from the decline we witnessed in nike. decline witnessed in lululemon. pippa mentioned hoka. 60% of the sales. running shoes are very popular right now. lulu and mikey back to levels we haven't seen since march of 2020. it's to the benefit of deckers and skechers. implies a move tonight, rather large move. decker sitting right at the 200 moving day average and skew is towards calls. i think deckers and skechers both of them still maintain a little bit of favorability given what we see in the overall climate with nike and lulu. >> yeah. these kind of market share trends tend to stick for a while. see if that is true. market-wide, joe, back right around the flat line with s&p 500. sometimes you did get this erratic-type action after a bit of a volatility surge. what's important, do you think to look at into the close and into tomorrow? >> this is disappointing. just the way the tape is trading. we're going out on the lower end of the range. you visited it early this morning. you had a really aggressive rally late in the day.

on a level than nike.hink there's a little under armour in lulu. i think the saturation and competitive landscape for an upstart that's so new, which is what they were, they had missteps, they are apples and oranges. mcdonald's, it becomes interestingly enough that it's cheap enough. i think it's probably not here, but on a trading basis, it's traded sub 20 times. it's trailing. what are they going to do going forward? it's margin pressure. i think you're getting setups. i don't think the news flow is getting better. lulu is doing this at peak margin. that eeg something that will have to get weaker. it's just not at the time. for someone looking for a long-term opportunity this is something i'm watching closely. i think we air foimg to get great companies cheaper. >> truist called this morning, they're sending their own credit card data, which means meaningful pressure on the fast food stocks especially mcdonald's. they think the setup was terrible going into q2, but longer term it's going to be of value.

but they have the spirit, the camaraderie at nike, the teamwork at nike, the competitiveness.great. and you know, phil had just left us with this wonderful culture, even though he's still involved, was it's just still there, the kind of values -- >> what do you have on your feet there? >> i do wear them -- he's got loafers on. >> i often do wear them with my suits. >> i wear sneakers with suits. john, great to have you in. >> it is 8:00 a.m. on the east coast, and you are watching "squawk box" on cnbc. i'm becky quick along with joe kernan and andrew ross sorkin. among today's top securities, cloud security company whiz walking away from a potential $23 billion deal to be acquired by google. telling employees that it would pursue an ipo as previously planned. coca-cola topping second quarter earnings and revenue expectations. that company raising its full-year outlook at this point, saying it now expects organic revenue growth of 9 to 10%. that's up from a prior forecast of 8 to 9%. coke also raising its outlook for comparable earnings growth, and that stock right now up by ab

if you buy a share of nike and -- and then a day after footlocker says there's been a slow down and jordans, you can go back to your broker and say hey, chief, you never told me this could happen. i'm down 300 bucks on 2000 shares and i'm out -- i'm losing too much money. i want my money back. sorry. now back then, when i got started, it would have been incumbent upon the rocher -- broker to know that these things could happen. maybe the broker should never have been recommending the stock to begin with. you get the point, though. because you can't take stocks back and get the same price because is no real insurance although you could buy an expensive put option underneath with the cost that lowers the risk of nike pretty dramatically and has some of these has to be renewed -- that's what the next hour, you're going to learn how to measure your own tolerance for a variety of factors, because these days with digital brokers, there's no real protection just a sign form that says you get it. you may not know what you're getting into. tonight, the bottom line, that stops here. by the end of the

one of the great american brands nike recently had a bad quarter, but they look good. the company is getting hurt by the market share being taken by on running which is something we warned about earlier, talking about on. nike at 73. is it too cheap to pass up? should we buy it at this what seems to be a five-year low? >> look, i tell you when i see senior growth on sale like this, it does make me think it's time to buy. i thought that way about starbucks, which unfortunately my charitable trust owns. the problem is neither company has really on the other hand up to what's wrong. until we get truth and reconciliation about how poorly they're run or that something's got to change, you can't buy them. they just don't make sense. let's go to jeff in california. please, jeff? >> caller: hey, jimmy chill. i am on cloud nine and over the moon. i've been dreaming of nvidia, and dreaming about nvidia, and you told me and told everyone that you knew nvidia would do well. i'm up $138,000. >> wow. wow. i am grateful for that. i heard many things similar, and i'm very proud of tha

expand the possibilities of international payments. other japanese auto giants, honda and nissan, niked. the company's total production volume is about 8 million cars per year. the new alliance will be the second in the country after toyota motor, which, with partners such as suzuki, subaru and mazda , sells 16 million each. mitsubishi is teaming up with colleagues to survive in tough conditions competition. the world is gradually switching to electric vehicles. japanese industry is inferior to manufacturers from other countries in this segment. companies will try. that 's all for now, more news in the next hour, the sberspasibo loyalty program has been updated and has become even more profitable with a sbertime subscription, plus two top cashback categories, 1% on everything , twice as many bonuses every month. save more with prime, enjoy rolls from tasty point. caesar roll with tender chicken in a crispy coating with tomato and cheese. try the caeser roll and other rolls at a tasty spot or stop by your car for them. maybe a fellowship? appetite anywhere. only dad will tame it. the ti

nike sneakers 800 bucks. this is south by's they're auctioning this stuff off. forget the world's richest man, bernard arnault, who is that? the guy from louis vuitton. everyone out there owns one or two louis vuitton bags. here is the thing, they're a little more expensive, when i see folks out there, i say don't have the bag, use it once, want it in a box, one day put it up for auction. if you wear it to impress your friends, you're in a whole lot of trouble. they love the younger audience and it is watches. look at that spike, they love to own watches. i own 35 watches. they're not all rolexes. watching investing is intimidates not all the time. last year these are the watches that moved up the most percentagewise. grand seiko, from 2400 bucks, up 21% last-year. these are watches that are affordable, according to crona 24 magazine. but if you really want to get into the game, right, we have the man with us for you right now in studio. we'll talk about how to really, really invest in big time stuff. the chairman of head of watches paul putross. >> thanks for h

i answered no, because, as far as i remember, the nike of samothrace was created in ancient greece, thatt greek marble sculpture, do you think so, yes, where is it now is it stored? unfortunately, i don’t remember, don’t remember, okay, alice, the correct answer is no, because, well, if you think logically, then the myth is already ancient greece and nike is an ancient greek goddess, and what was she the goddess of, victory? i answered no, it was purely from intuition, but i can guess where it is now stored, come on, it seems to me that it is now stored in some russian museum, why in the russian museum, well, it seems to me that in russian museums, in my opinion, most of all, there are more russian museums themselves, all kinds ancient greek marble sculptures, is this what you're talking about? correct answer: no, this is an ancient greek marble goddess, but if you are interested, it is now kept in the louvre, if you are passing through, so to speak, be sure to run in and take a look, the seventh question, is the word spelled correctly, which is what you see on the screen, time , olesya.