nike that's winning. one year it's under armour that's winning keeps flipping back and forth. >> longer term story, no question about it. goes to nike and even the momentum right now if you look at the north american results, also goes to nikeica this past quarter where under armour declined. a much wider distribution. they are in foot lockers and all over the place but it shows you some of the challenges and the competitive landscape. >>> crude is surging this morning as bp's chief warns of a possible supply crunch we'll get you his comments coming up. oil is up almost -- more than 2% >>> finding some value in beaten upaa fng "squawk on the street" continues in a moment. this is decision tech. it's screening technology that helps you find a stock based on what's trending or an investing goal. it's real-time insights and information, in your own customized view of the market. it's smarter trading technology, for smarter trading decisions. and it's only from fidelity. open an account with no minimums today. >>> oil surging again this morning up nearly 2% on pace for its best day since january 18th. this as bp pays ceo bob dudley said a flurry of intensifying risks could trigger an energy market crunch. >> the markets feel ti

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

high flyers like nike won't be a safe place to be, in my opinion. >> yeah, one thing that really struck me about that nikedance and the commentary about china was that two weeks later, apple just gave this guidance that was atrocious. revenue guidance they really spoke to china weakness in particular so to me i just think there's a good chance, since they last reported, that the tenor has changed a little bit the stock has performed. it's trading very rich to its peers and the market i wouldn't be buying this stock for a breakout in this option trade has a good risk/reward to the downside. >>> from sneakers to gaming. electronic arts getting a boost as it hits its new apex legends game, gives the stock new life the video game stocks have gotten wrecked the last six months take activevision, it's about to level up? >> interesting term, level up. that's what i'm looking for, looking at activevision, which is probably better known to a lot of people watching because they do candy crush, call of duty, well-known games fortnight and some others have taken their place. one of the things we're seeing after a pro

nike? "nee-kay"? nike--nike or winged victory, correct. things in museums for $600.

nike shoes. these shoes zion was wearing cost $150 to $200 apiece and nike wants to continue selling a lot of them in the future. don't forget, nikee point had that slogan, is it the shoes? they are hoping in this case it isn't the shoes. but let's check in on the competitors as well. we do have lululemon, under armour, adidas and foot locker down a little bit in the session. another piece of nike news before i hand it back to you, colin kaepernick, the former nfl quarterback, apparently is coming out with a new jersey for nike. nike hoping to sell a lot more of that, hoping to soothe its bottom line. they are called icon jerseys. last time kaepernick came out with a jersey last fall, they sold out. this will set you back $150 and nike is hoping their products will continue to perform. liz: susan li from the nyse. we should tell our viewers, we began by saying this, it's the ncaa that's now under attack because of its rule that says they cannot, these players cannot be drafted by the nba out of high school. so now of course, everybody's saying had he been allowed to be drafted out of there, he would be getting his full probably bi

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

nike's rivals including puma which tweeted that the plalayers shoud have warned that shoes. tweet was subsequently deleted which in itsese made the headlines usa today calling the tweet poor taste over a mishap. nike shares took a hit the company said. the quality and performance of our products are of utmost importance while this is an isolated occurrence we are working to identify the issue. the incident with williams shoe is not the first with nike products nike replaced at the dust in two thousand and seventeen is the official supplier of basketball jerseys to the nba. and that means some complaints about the shirt to ripping. well she has dipped the memesn twittete sold. nike having a very bad shoe day. timex for the business use with a cake movie could indicate either we're counting down to the end of that tax truce between the world's two largest economies yes next friday -- so we really have a lot of pressure as these us and chinese negotiators kick off their fourth round of high level talks into defusing the brewing trade war. terrace are set to increase on march first if donald trump has raised the possibility of shifting that deadline. on thursday us media reports led by reuters suggested that the two sides are makining progressn some key issues. that they're working on six memoranda of understanding. to tackle differences over agriculture currency -- forced technology transfers and cyber theft. intellectual property rig

nike? does he set nike against under armour or adidas or some other shoe maker what should he doing. >> i think the kid has a shoe deal in his future so nikehould go with whoever give thims best deal. this player is expected to be a top draft pick, he's going to make millions and millions of dollars and i think he's -- from what i've read he's played his career very well he's been a clean player, worked hard since he was a young kid, he's the child of athletes and i think he should maximize his career in earnings opportunities. >> why do you think under armour shares are up 2.2% on the back of this right now? >> i think it's an opportunity for under armour nike has such a dominant position in the basketball category and under armour has been trying to go after them for some time with limited su eed ss so i think nike's loss is you should armour's game you have former president barack obama saying request president shoe broke." >> there's legal implications related to paying athletes in this instance. could zion -- here's the question of the morning -- could zion sue nike and if nike were to try to settle with zion, which is what you would

star athletes and sponsorships with these top college teams, this is a key part of nike's growth strategy. last year nikerly a third of its sales on marketing and endorsement contracts. >>> caught a video, a conservative activist being attacked on the uc berkeley campus. it is not clear what happened before this encounter recorded by a bystander tuesday, but the guy getting punched is hayden williams. he is not a student, he is a field representative for leadership institute. the group helps to train conservative leaders. campus police say the suspect left the area before officers arrived. they are still investigating the incident. williams tells cnn that he is okay. the campus conservative group that invited williams turning points usa says the assault shows the hate and anger that student activists encounter on a daily basis. >>> day two of a teacher strike in oakland, california. the teachers want smaller class sizes, more support for students and a 12% pay raise. the union says teachers cannot afford the soaring cost of living and the district lost nearly 1220% of teachers each yr as a result. but th

nike sneaker blowing out on the court. the moment sparking a firestorm and a selloff in nike shares. plus, nikelin kaepernick in a whole new way. the company unveils a jersey coming up. the top story this hour, the 5g revolution, prioritizing next generation 5g networks in an effort to transform mobile services. at&t an industry leader in the revolution, coming under fire for allegedly misleading consumers, sprint filing a lawsuit against the company accusing at&t of deceptive advertising for labeling its network 5g when it was actually 4g. joining me right now is the chairman and ceo of at&t, randall stephenson. thank you so much for joining us. let me hit on this first, the lawsuit from your competitor. you put a 5ge on some of your phones man. tell us why. it's meant for evolution. >> 5ge, 5g evolution, we're deploying technology throughout the united states. we'll be in 400 markets this year, where we're turning up a major block of capacity spectrum we've been accumulating over the past few years. as we turn that up and deploy new technologies, we're seeing our customers are getting a signi

into this game the culprit here, his nikes with the left sole just exploding on the duke blue devils superstar nike shoe troubles haven't ended there. owners of the nike the nba all-star game are reporting that the app-controlled self-lacing shoe -- yes, it's self lacing, isn't connecting well to its android app. the stock is up 14% this year but could nike be tripping over its own laces. >> well, look, i mean -- >> that's a deep sigh. >> it's really pathetic. this is its own show, self lacing if you folks have self lacing shoes action you're playing the game of life wrong that's me talking. i understand, number one number two, it's odd that how this nike move comes on the heels of potentially and kris verrone it the pinnacle of the chartists, you're talking about a major potential for a double top going back from september, october. that's not good. coupled with that valuation and the story gets a little dicey here i think nike can turn this negative into a positive if they do something quick as pete will point out correctly, adidas will swoop right in. >> guy, i've got to push back. >> push back. >> the stock just spent the last few years against 40

stay with nike buy nike often. >> is that good enough to keep a stock going?i like it long term, but no, i don't think so. >> cisco later in the week >> i like cisco, but i notice there's people that will not give you the forecast you want. >> the expectations are quite high i think you buy it if it's weak. >> deere >> calls -- >> it doesn't rather double down. >> remind us what's on mad tonight? >> jim squires, i've got haz bro hssbro, can he make it back? kelly said we could have 20. >> thanks, kelly. >> thanks, kohl. >>> final trades joe, abbott labs, i think it's going to break out stay long. >> air products growing double digits has pricing power, fabulous balance sheet. >> toyota reports tomorrow. >> voya, yeah, i know, i've got to get the blessing from you, jim. >> rbs has a target increase on this one i still like it. >> voya? >> upside calls. >> pete? >> colgate jimmy brings up a lot of names that you say you don't want, they're still going to go higher holgate keeps rolling up, looking for more up side. >> lousy quarter and it didn't go down. >> that

stuart: johnson & johnson and nike both dow stocks, both companies have problems. nike with their exploding or broken nikeohnson & johnson, a talcum powder problem ongoing. both are down, both hurting the dow. >>> little gee whiz for you. samsung rolling out a foldable phone which starts at $1900 apiece. i do apologize, first. i thought i would have it on the set i could hold and fold. we don't have it with us. wa we have is the editor in chief of tom's guide. first of all, 1900 bucks for a foldable phone. what's with that? >> okay. the idea is that you have a device that goes from phone to tablet so it's 4.6 inches when folded up and 7.4 inches when it's unfolded. you have a tablet and phone in one which is really great for viewing content but they are also thinking about productivity because you can run three apps at the same time on the screen. so yes, the price is definitely high. stuart: think it's a big deal? >> it literally changes the shape of phones and proves that samsung is a big innovator, out-innovating apple. stuart: you do bring the galaxy s-10 phones, the latest versions thereof. they are

nike nike is already in favored stat ous, already work with the ministry of health and fitness and so rather than go for cat, you can't raise numbers anyway, boeing, which has been immune so far from china, i would go for the company already in the love of china and secondly i would go after apple. secondly because tony was on "halftime," last week, he said, listen, the numbers have to come down there that's different from what tim cook said to me, january is good maybe he has new intel you may have the numbers go down either way i don't want that. but if we can hear that they're not enemies, then apple could maybe start taking stuff from xiaomi, i mean huawei. they're all -- huawei stuff today -- the huawei stuff is big. >> apple orders in china. >> that was still the last quarter. but i put a guy in that courthouse in brooklyn, where this -- the huawei suit is, you know, they're an outlaw. they're circling -- our president is circling the wagons against huawei everywhere in the world. there is an article about how eastern europe hasn't bought in yet. >> merkel might be getting to it. >> that would be something i think huawei versus apple is the story to watch but nikethe one that goes to 90. >> haven't made your china etf yet have you >> i have an idea for one, but i figured what would happen is i become part of the problem of our market, which is the high speed trading that would seize the cramer etf and the anti-china -- >> it could be volatile. >> navarro leaks to his people white house leaks to one of our people it is very hard. you would be in and out on the etf every day. it would be so great for a program. we should call it the broker annuity etf. >> surprised it hasn't been put together yet. >> huawei, howwow, how about a huawei apple etf i'll charge you a fortune for the commissions. >> that's one deadline to watch. the other, of course, is in washington shorter term, the clock is ticking toward another government shutdown. some are warning that negotiations stalled over the weekend, and that another shutdown could be on the horizon. it is a friday night deadline. take a listen to mick mulvaney on "meet the press". >> we cannot definitivel

. >> i like foot locker but like nike more. nike the china angle foot locker is a very good company but i don't want to be in the mall. randy in california. randy. >> caller: hey, boo-yah, jim and thank you for your help from long beach, california. >> thank you >> caller: quick question, i've been building a position in my i.r.a. on cisco the last three months, so i'm up about 13% plus difficult depps on it. where do i go with this now? >> i want to you hold on to it chuck robbins is building a long-term winner here. i think there's multiple years ahead and think that conference call is one of the best this year and i think there's no reason to do anything other than hold tight with cisco so you can buy some more like the travel trust. john in tennessee. john >> caller: honorable james cramer house of pain with forward guidance is cvs giving you -- >> larry should come on the show that was terrible. okay it was terrible. my bad, i believed, my bad, look, down here it's okay but, gee, it was at 70 when i was away this is a company t

nike sneaker. holy schnikes. of which nike is promising a full investigation. nike, you let duke shoes do this? ropped. this is serious, we're not making that up. that's not the only only unusual thing that happened. a number of nba stars tweeted well wishers, including carlos boozer. at least he tried. he tweeted well wishes to zion national park. for the record, zion williamsson and zion national park are not the same. here are a few key differences. one spans 300 miles, the other has a wingspan of 6'10". while one is partially closed. the other is somehow always open. anyway, having a little fun with you, carlos. that's all for tonight. this is as nice i'll before to duke alums. back with more "mpt daily." "the beat" with ari melber starts right now. >>> breaking news in the mueller probe. trump adviser roger stone took the stand for the first time. he was grilled by a mueller prosecutor and he was rebuked and silenced by a federal judge. >>> we are reporting on a truly wild day in federal court where judge amy berman jackson took trump aide roger stone to task. there's no other way to put it

they're still lacking nike and adidas >> nike is such a bigger company. but he was talking about a $5 million company. nikeny, many times larger than that. >>> when kevin plank start, it was like we're going to take them on, we're not feared by anybody, but it's okay to take a step back, we can be great. >> great point enchs i think it's part of the maturity. >>> peloton, the maker of those commercials, but yes, the maker of the stationary bikes, they are reportedly interviews bank as they take the next step toward a ipo it was valuedever over $4 billion after the last funding round. and looking to best that number. >> if you look at the way the valuations was ground. it was valued at 1.25 billion when it went on a fund-raising round. that's incredible growth part of it is has become a must-have object of desire and luxury panache in the fitsness world. it has a cult following. forget about luxury handbags or high-end shoes, what you want to -- >> $2,000 entry level, right >> they cornered this subscription as well in fact they want to be known as retail, tech, logistic. >> peloton interactive, take our te

>> caller: good, pretty good i was wondering about the nike stock. >> nike is a buy, buy, buy >> buy,y, buy! >> when you see somebody blow out shoe, get hurt and it doesn't send the stock down. they put on a clinic when they do their quarter clinic mark parker, you are always welcome. he is the ceo. i'd like to go to a board meet ing how about bob in maine, bob? >> caller: hi, jim hey, thank you for taking my call. >> of course >> caller: i tried to get educated and do some investing two years ago i bought schlumberger at 83, and it was supposed to be a good buy because it was down from 117 well, you know, today it's -- what is it, 44 i've lost over half my money what do i do with it >> down here 4.5% yield, the dividend is safe according to the last conference call great board, great management. you get oil, just stabilizing here, and they'll come back. here is what i'm going to tell you do to do i know you don't want to hear this, you should buy more. it's too inexpensive and the quarter was okay that's painful, but i got to say it and i'm sorry. that's what happens in the business

nike is feeling the heat tonight. duke freshman zion williamson's nike high top split apart, graining his knee. nikeg down more than 1% today. the company is investigating. duke is a nike-sponsored school. it's too soon to see when williamson could return. >>> and a pop culture passing to report tonight. ♪ i saw her face >> peter tork, who played keyboard and bass for the monkees, has died. he was 77 years old. >>> when we come back tonight, the michael buble surprise here in new york. at&t provides edge-to-edge intelligence, covering virtually every part of your healthcare business. so that if she has a heart problem & the staff needs to know, they will & they'll drop everything can you take a look at her vitals? & share the data with other specialists yeah, i'm looking at them now. & they'll drop everything hey. & take care of this baby yeah, that procedure seems right. & that one too. at&t provides edge to edge intelligence. it can do so much for your business, the list goes on and on. that's the power of &. & when your patient's tests come back... (nat♪re sounds) corey is living with metastatic

seen a shift to designer led collaborations with nike and virgil ablo like you mentioned with off white and seeing that it's come back to nike and nikenovative with the vapor max and nike react a year ago so now we're seeing a shift back to nike being that trend. >> eddy, what is the single most expensive sneaker transaction you've had >> a nike air mag was abo about00,000. auto lacing air mag. >> "back to the future ft. shoes. >> thanks for joining us, the founder of goat and does it for "closing bell. >> "fast money" starts right now. >> live from the site, i'm in for melissa lee and pete najarian, tim seymour, dan nathan and fabulous, fantastic guy adami. yeah i'm being nice to you guys and you know the reason. >> good to have you on board. >> why. >> tonight on "fast," the maximum point of uncertainty is how one of the biggest bulls on wall street is describing the market but says it could be your best chance to buy and he'll explain why. plus, stocks lik

nike a pass? >> well, i think temporarily it will be a lot of jokes about it, just like puma's tweet and i don't think it means much to nike going forward the consumer won't walk away because of this strange incident they got a ltd. of press over there. long term it's probably just solidifies nike's. i don't think anybody says, gee, i won't wear nike because this guy blew out of a sneaker. it is just not something i think most consumers are worried about and i think they watch this saying, okay, thank god he didn't get hurt and a consumer might have been more concerned after that but now it's just going to be kind of exciting to see what happens and does he come back and there will be a lot of press around it. i don't think this is a negative for nike for any length of time. maybe today. but, you know, as far as buying the stock, i think nike's a great company. it's a great brand i don't think this changes it one bit and probably improves the chances of signing him >> talk about how important, jan -- i mean, i saw this firsthand traveling with steph curry and how important the basketball stars are in particular to the sneaker business they have been global appeal and where nike is in terms of its competitors within basketball shoes. >> well, there's never been anyone like michael

nike. saying this will not affect nike prominence when it comes to basketball. there jordan brand controls more than 90% of the basketball market. >> the only concern is if it speaks to quality. it -- less running shoes. at the quality is bad, it has a big impact. if you are a professional athlete, you have to know the quality is good. i'm sure nikeill have to answer to that. stock react with a little bit today. they are down slightly. >> a reminder to bloomberg users, you can interact with all of these charts on gtv . from toronto and new york, this is bloomberg. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. bloomberg first word news. theresa may might be forced to request a

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

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

would happen with that nike sneaker and eventually nike would send out a tweet, just like puma, puma sent one out said wouldn't have happened in pumas. the tweet got deleted. nike said the quality of our products is of utmost importance. we are working to identify the issue. have to figure nike will hope its $150 collie kaepernick jersey will hold up better than the sneaker. it looks like an oakland raiders' jersey. that's the new one. $150. when news broke of manny machado signing a 10 year, $300 million deal with the padres, the news was delivered to fans at yankee spring training. watch how one young fan responded. >> you're not going to take a guy you hate to another team. it's kind of like taking tom brady from the patriots and adding him to the dolphins. it just doesn't happen. >> it just doesn't happen. lauren: i'm scared of that kid when he's like a 20-year-old fan. >> the second they told the news, he started going off. he said what, you can't do that. cheryl: cute kid. thank you very much. you can catch the sports reports 24/7, sirius xm channel 115. lauren: futures relatively flat. they are higher, dow and s&p up several days in a row now, dow up 19,

nike if it they're asking if it was nike's fall or if obama had something to do with it. >> the announcers said at the best, he broke his shoe with his own foot. i had to watch that three times, because i did not catch that the issue broke. i have never seen that before. david: he was not making a move unheard of, he was not showboating, it was a standard that it. -- pivot. >> he planted with his left, then his knee bent awkwardly on the right, that is what caused it. cordially, it seems to be a mild knee sprain. thank goodness. david: let's get to the money of the thing. he will make a lot of money in the end the eighth. -- in the nba. do you say go back to the college hoops, or get into the nba? >> they are saying gopro, do it now. because this is what college athletes worry about, it is the same for college football players, that is why they try to avoid the bowl games. david: you cannot blame them, they are sitting on a valuable asset and they could squander it with one wrong move. >> i am amazed that that could have been nastier. david: what does this mean for nikek was down. nike likes big contracts where they get a lot of attention, but this is not the attention you want to have. down a little over 1%. michael: it will not be a problem in the long-term, because they own about 90% of the basketball market. the problem is, if zion williamson goes pro now, will he signed with nike? david: you had a tweet coming out right away from the boston celtics saying, come over. and come over to puma. it feels really good over here. michael: and this is the worst thing in the short term for nike. the national stage, you know, the tickets are going and $2500 to see the game. and this happens. david: he did not have a choice on what sneaker to wear. they had a deal with duke. the college students do not get to choose. michael: kentucky has a similar deal with them. that is right. david: thank yuoou. check out michael in the business of sports podcast. and sign up for our newsletter at bloomberg.com. get the latest on global politics in your inbox everything w

nike and some people believe that nike is paying lip service to issues like gender equality because there have been several people working for like several women working for an i.q. brought actions against. people of the people working tonight on the basis of gender discrimination and it is believed by some that there is a very machel culture inside nyc and so what nikeis doing now with these latest companies is not only a olds with with what nike is trying to present itself has but essentially is in front a fundamental contradiction of how it really is within the company. at the start of the ad serina mentions how women are often described as delusional on henge and hysterical in sport there is certainly the case for her last year when she lost in the only osaka in the us open final serena yelled at the umpire calling him sexist she then broke her racket and even cried during the ceremony that's when this newspaper cartoon came out in australia many claimed it was racist but earlier on monday australia's press council ruled in favor of the artists saying there was no resists intent well that's it for me far will be back later with more during our atlanta thank you for that and thanks for watching the news group that will do. this newsgroup keep in touch with us all social media is the hostile newsgroup we'll see about here fourteen and fifteen t.n.t

nike just blew it. >> shares of nike falling this morning as duke's freshman superstar blows out of his shoe. >> reporter: nike williamson's issue is reigniting the debate over the ncaa's one and done rule where young at la -- athletes are required to play a wreer year in college. some saying he shouldn't play for duke at all and go straight to the nba. >> knowing what i know now, college is bull [ bleep ], college basketball, the ncaa is bull [ bleep ]. my advice for him is do what's best for him and his family. >> college athletes aren't paid a salary, but their talents help rake in millions of dollars for the universities, tfr nv networ and companies like nike. >> there are some people that think there's exploitation going on because you have a lot of minority athletes and the schools are getting rich off of them and not paying a fair wage. >> reporter: what's next for zion williamson? he'll be on the bench for tomorrow's game against syracuse. he's doing some rehab. there's a big rematch next month, and fans really hope he's back for that one. >> yeah, they do. the nba is considering a proposal that would

nike sneaker basically blew up on him. nike's stock was down more than 1% today. fox business deidra bolton with moore. >> yeah, i'm here not with nike biggest game, biggest rivalry. some of these tickets were going for $2,500 a hid -- head. this guy is a star. biggest rivalry, biggest night. you have this injury not even a minute into the game. so in any case, you had former president obama saying his shoe broke. nike has been here before. it hasn't caused an injury. you remember when lebron james was in cleveland 2017, the opening right. his nike jersey split in half. it was an incredible hulk kind of mow men. that time it was different. all eyes were on lebron james but didn't cause an injury. nike struggling to figure out what happened. pretty quick on the p.r. and branding messaging to say this was an isolated incident. i'm going to read their official statement. we reached out to them. here's their statement. >> of course, zion's coach, coach k, saying that while they are concerned about him, at the moment, they do think it is a slight sprain. so i would say as far as nike p.r. goes, they're lucky if he heals quickly. >> neil:

nike falling this morning -- >> reporter: social media shaming the swoosh, nike just blew it. without its star player, duke ended up losing. here on campus they're calling it sneakergate. >> i'm not going to lie, i'm going tott boy nike>> we're all very convinced it was sabotage. >> t younk somebody sabotaged the shoe? >> yes. >> reporter: for its part nike wishes williamson a speedy recovery and says, while this is an isolated occurrence, weife working tothe issue. maybe one solution? hey, just glue it. gabe gutie carolina.ews, north >>> up next, from furloughed mu worker to i-millionaire. when yoy for what comes next. at fidelity, we make sure you have a clear plan to cover the essentials in retirement, well as all the things. and on he way, you'll get timely investment help to keep you on the right track, without the unnecessary fees you might expect from so many financial firms. because when you have a partner who gives you clarity at every step, there's nothing to stop you from moving forward. who gives you clarity at every step, coaching means making tough choices. jim! you're in! but when you have high blood pressure and need cold medicine that works fast, the choice is simple. coricidin hbp is the #1 brand th

nike $40 billion? so clearly they're up against a very, very strong competitor and when i looked at it i say do i want to own under armour or nike at less than half of that? nike'sn extraordinary job and as you guys just mentioned lulu is doing a good job. i don't know how they take the market share back particularly in north america they had a good release. >> yeah. one way to distinguish themselves, jan, we talked about this this morning with kevin and patrick is through performance wear they're not trying to be a fashion company. they're going to go back to, you know, keeping you warm on the field and, you know, gear that athletes need. is there a spot for them there >> well, sure. there's a spot for them there but it's still a very competitive spot because they have to play with a great technical company of nike. so i look at it and i say -- i said in my driver, a young guy, on the way over, i said, what do you think of under armour? he said it's kind of past peak i don't think i need it anymore. i was like, an anecdote of one and then i don't it when it's going with what i think. >> that's a contrarian. >> offset is i bought some over the weekend. that's a

nike after the biggest college basketball stars was hurt when his shoe literally fell apart. ray bogan explained how that injury is affecting nike and one mba player in particular.>> reporter: back lash for nike as the shoe breaks apart. 33 seconds into the game expect when you have the biggest game with the biggest player and front of barack obama and this happens with the world watching come it will affect you from a pr standpoint but a stock standpoint.>> reporter: the apparel giant was feeling those affects not just social media reaction but the company stocks slipped thursday and was down 1% by the afternoon. >> it is in short time, this is a bad pr hit but nike will recover williamson will recover and to will recover.>> reporter: williamson was wearing the basketball shoe when it ripped open with retails to $105 and got mostly positive reviews. one person said the soul busted through the bottom. >> the zion shoe, which is a freak of nature. i cannot see it happening across the board. >> reporter: nike says they are concerned and want to wish a speedy recovery and are working to identify the issue. >> i would not be surprised if they have narrowed down which factory.shoe came from and ta

and direct to an coomer wa around when michael jordan was creating the jordan brand with nike account i think nikeupplier and jordan wha be front and own the entire tiff of his business as oppose firs degree a licensing fee, we are excited about it even if you go beyond kiley yo think look at other businesses they are brands that didn' exist five, 10 years ago, an they are absolutely doin incredible numbers on shopify. and with no slowing down in mi mind >> someone out there is watching right now with a great idea. start to do well which you are about empower. tell us about merchant funding shopify was built to help anyone no has an idea to sell to global audience we bend th learning curve to make it easy to get started the ones that succeed, not all do, but the ones that do, they go really large with us. and over time, we want t provide them with more services, more solutions so, for example, we launched shopify payments a couple of years ago where went to th payments companies and negotiated rates on thei behalf we launched shopify shipping where we went to the payment companies and -- the shipp

nike, the maker of that sneaker, falling more than 1%. analysts attributed that to williamson and what happened to him. the duke basketball star at heart nba prospect, we know nike has a reputation of sneakers and gear for athletes but this is really hurting its image. the nikeack from that. in the after our, shares down. we are watching nike stock closely today. i don't know how that happened. heather: colin kaepernick's nike jerseys selling out so maybe that counters it. the time is 15 minutes before the top of the hour and a new fight in florida against sanctuary cities. the new bill, the author of the bill joins us with why this is the only way to keep the public safely this gives new meaning to a face-off. the incredible role he just scored. ♪ ♪ hit me with your best shot ♪ so with xfinity mobile i can customize each line for each family member? yup. and since it comes with your internet, you can switch wireless carriers and save hundreds of dollars a year. are you pullin' my leg? nope. you sure you're not pullin' my leg? i think it's your dog. oh it's him. good call. get the data options you need and still save hundreds of dollars. do you guys sell, other dogs? now that's simple, easy, awesome. customize each line by paying for data by the gig or get u

nike is the player in basketball. i would hard to -- it would hard to believe that there were professional basketball players say nikenot a good quality for me anymore. caroline: evan, thank you. we're falling after hours after ford says it is concerned it does not involve use of a device in its product, however, we are getting announcements that it is investigating its u.s. fuel economy and emissions compliance. this is not -- does not involved a device like dw. this is bloomberg. ♪ mark: i'm mark crumpton with bloomberg's first word news. the north carolina elections board has ordered a new vote in the disputed u.s. house district. day of the board's hearing, they want to investigate absentee voter fraud. they were allegedly orchestrated by elliptical operatives on mark harris's payroll. harris said a new election should be called in the state's ninth congressional district. a report from new york city comptroller's says deportation have soared since president trump took office. more than 2500 undocumented immigrants have been deported from new york city in each of the last two years. that's 150% annual increase. n

nike unveiled its colin kaepernick campaign there were predictions by the president of the united states whose name escapes me. the president of the united states said nike would sever to liberty -- terribly for this ad campaign. country music artists took stocks with the nike solution, cut them up and said this is going to be the future of nike and the opposite took place. nike's earning shots through the roof because of the associationdurand, the most high profile stars of the national basketball association photographed themselves wearing the jersey. his shadow over this game, two years after he played in the national football league is substantial. >> host: if it is fair to say, dave zirin, that nike saw this is a moneymaker? >> guest: i certainly think so. nike doesn't do anything for free and doesn't take prisoners. i view it as a very canny attempt, something nike has been doing for over 30 years. they take what is on the pop cultural edge, they take rebellion and strip it of its content. they were the people who brought in a person who at the time was a little-known independent filmmaker named spike lee to fill with michael jordan these incredible black and white ads about it has got to be the shoes. he says no, it has got to be the shoes. also an a

nike with a shoe blowout on one of duke's star players. >> reporter: just do it? that did it. up with even former president obama looking on. the nike shoe on his left foot gave up. >> unbelievable. >> reporter: freshman superstar viewed by many as the next lebron james. >> shares of nike falling. >> social media shaming the swoosh. >> without its star player, duke ended up losing. they are calling it sneaker gate. >> sabotaged. >> you think somebody sabotaged his shoe? >> yes. >> nike wishes him a speedy recovery saying we are working to identify the issue. maybe one solution, just glue it. >>> it is a video that will shock any parent with kids in school. take a look at this. a driver narrowly missed a group of children by barrelling down a side walk to pass a row of school businesses. we have the details. >> reporter: watch as the driver in this sedan impatient with wednesday morning traffic outside of brooklyn elementary driving on to a busy side walk filled with small children stepping off to attend class. could have killed some of these kids. that simple. >> stunning incidents are nothing new and happening eve day. an illegal passing of school buses found 84,000 instances in one day. eight children killed getting on or off the bus in theol year. another example of

. >> it is not going down, in part, because i think nike is so good nike is a good analog for them nikery, very strong. how about the way nike bounced back from the fact that one of its stars had a shoe that broke. they get the benefit of the doubt. >> higher two days later. >> how about the fact, can we say the kaepernick campaign turned out to be maybe one -- maybe the strongest ad campaign since steve jobs had someone swing a hammer. >> only aired that once. >> you know what else was a great campaign my baloney has a first name and -- >> maybe they should bring that back. >> good luck >> i haven't even looked at kfc today. i am looking at newmont mining. >> how is that going >> well, it is going to be an interesting battle between barrick and newmont, barrick trying to own -- buy newmont unsolicited offer, all stock, no premium, focuses solely on the ability to deliver the synergies under the leadership of mark bristow, the man who ran randgold before it was bought and merged with barrick, now runs that combined company jim, it will be interesting. they're looking at the 40, the eigh

nike showed was, that isn't what america is because, this was the discussion we had with nike. i will bet you, if you come and use him as a campaign spokesperson, you are going to see. internally, i think nikemended for it. they understood, he speaks to what's best of america. sure enough, it happened. for all the naysayers in the first two hours after that ad came out, nike acquired $8 billion worth of value as the campaign rolled out. nike is doing very well. his stuff sells out immediately. >> obviously, he's getting paid through that sponsorship. you say he wants to play in the nfl, he opted out of the 49ers in the 2016 season. has he been offered anything in the nfl? >> some of the urban myths are that he opted out. it's technically true, but the gm in san francisco sat down with him and had the conversation. at some point, san francisco was appreciative of what he had done. he took them to the super bowl. there's only, you know, in the last five years, seven years, eight years, how many quarterbacks have gone to the super bowl. take tom brady out, only seven other guys. he's one of them. that's a very small community. they told him, we are going to go in another direction. yes, then h

nike shoe fell apart. now nikes investigating and a fierce debate has ignited about williamson's future and college athletics as well. gabe gutierrez joins us from the campus o duke university. y, gabe. reporter: good morning. the good news is it looks like zion williamson is going to be k . the bad news for nikees flyin here to meet privately with duke of firms. it's renewing date over whether elite college athletes should be ampensated. nd injured is zion williamson. >> rorter: this morning nike is on defensefter a wardrobe malfunction for the ages. duke fans still stunned after a shocking sneaker split. >> what did you thinkf sneaker-gate? >> that's what i've been calling it. >> reporter: less than a minute into the high stakes match-up, with former prpt obama looking on, zionwilliamson's shoe tore open. >> he broke his shoe with his own fo t. >> reportehe freshman superstar viewedy many as the next lebron james limped off with a mile knee sprain. cial media pounced. >> shares of nike falling as duke's freshman superstar blows out of its shoe. >> reporter: for its part nike is wishing williamson a speedy recoveryhi saying whiles is an isolated occurrence, we're working to identify the sue. williamson's gyre is reigniting the debate over the ncaa's one and done rule where athletes are requir

nike. >> yeah, it was on national tv. late tonight both the president, obama, and nike are responding to this freak injury. take a look. mr. obama took off from oakland last night, went straight to durham, north carolina. you know it's a big game when he shows up. top-ranked duke hosting eighth-ranked north carolina. here's the drama. watch carefully. early in the game that's duke star zion williamson in the white jersey. notice his left ankle, his left foot. his nike shoe breaks. i don't think we've ever seen this. williamson leaves the game and quickly nike was on damage control. no pun intended. they issued a statement late tonight saying they are working to identify the issue. president obama tweeted that he's hoping williamson has a speedy recovery. by the way, north carolina wins the game. >>> all right. the all-star break is over. the warriors return to action tomorrow against the upstart sacramento kings inoakland. you know who's going to be there? the we believe warriors from 2007. stephen jackson, jason richardson, the whole gang. today they were having some fun hanging with some local kids for a math hoops event in oakland. tomorrow, though, it's back at oracle. >> it's always good to come back and get recognized by the team. anytime that we, you know, as a player can come back and be engaged with the guys in what they have going on now and making us a part of i think is a blessing. id y notice preside fun. obama was wearing a leather co

nike is really remarkable. you mentioned the book called "the university of nike" which i read and was quite good and it details the corporate influence of nike on this particular university, and that exists at other universities as well. and i just think that we have this devil's marriage between high-octane, highly financed seorts, and institutions of higher learning. and it tends to mangle it. it does. ande when you have a situationt the university of p oregon that deals with these kinds of budget short. falls while the sports program is flush it sends a message to the community that this is a place p where we stage football games that have -- step classes on the weekdays. >> peter: fill knight speaking inde 2012 at the memorial servie for joe putern o. >> he the president of the school -- the matter was in the hands of a world-class university, and by a president with an outstanding national reputation. other than the details of the investigation are, this much is clear to me. there is a villain in this tragedy, it lies in that investigation. not in joe putern o's response to it. [applause] [applause] >> dave: yieks. wow. there's so much

nikes. and look at the shoe, it literally ripped in half people on social media were letting nike have it over this and nikeerned and want to wish zion a speedy recovery. the quality and performance of our products are of utmost importance. while this is an isolated occurrence, we are working to identify the issue. >>> speaking of nike, they launched their first limited edition colin kaepernick jersey yesterday. it is black and silver, almost looks like a raiders jersey. it retails for 150 bucks and it actually sold out on line in a matter of hours. can p kaepernick tweeting that he was humbled by the continued support. last week kaepernick and the nfl settled his collusion grievance for an undisclosed amount. >>> finally over the years we've seen some creative ways people celebrate the loser in their fantasy football league. this may be the best ever. steven was faced with a decision, pay the winner an extra 250 bucks or get down to his underwear and cover himself in peanut butter and go to a dog park for five minutes. >> what? >> as you can see, he chose the latter. his buddies filmed it from their car gi

nike shoe ripped in less than half ant minute the game wednesday night against north carolina. williamson suffered a kneein ry, which kept him off the court for the rest of the game. nike share were down 1% today to $83.95. joining us right now to talk about what nike will he t to deal with a very high-profile issue,utean field, the ceo of brand advisory firm crutchfield and partners. dean, good to see you again. thanks for joining us tonight. >> thanks, bill. ghce to be on "y business report." >> the most anticipated game of the season, the number one player on the o number team, and this happens. pr-wise get any worse for nike? >> no, you don't get really much worse than this when you become a major brand with a major game and have a major catastrophe like this. what surprised me how badly nike has responded to this situation. usually compani on top of their game and the crisis hits, they have leadership in place. they respond boldly in terms of the public's concerns and they t are transpar about what they're going to do. when companies are not on top of their game, they typically thde, defend and they deflect. and sadly, i'm really surprised to see tt's what nike is doing right now. >> they did issue a statement. they showed concern f zion willi

there's one just over there with a nike visor on it. the nike visor is now on the ground. cars on as on the snow man a a the roads. things are moving pretty carefully and slowly right now. direction right now. pretty yone is out here having a great time guys, back to you. >>> thank you, the national weather service has lifted its winter weather advisory for the bay area. it was issued because of snow falling in the higher elevations around the region. the top received over an inch over night. rangers say they're concerned enough that they're keeping the park gates. and they did that until 9:00 this morning. they're worried about possible collisions of someone driving up the hill at the same time someone is sledding down the road. but the rangers we talked to are about as excited for the snow as anyone else. >> hoping for something fun. 3 inches would be great. i'd love to see people coming to town and experiencing it in a way that's completely different. although the park is closed to cars and trucks, hikers are able to walk in. anyone who wants to make the trek to the top

nike tonight. more than 24 hours after the company's shoe exploded, b injuring thet college basketball player in the country. nike's stock taking a hit today, falling 1%. duke star zion williamson is day-to-day wh a kneetrain. it would have been a whole lot worse. the freshman phenom w injured last night during a huge game against rival north carolina. the game so big tickets were at super bo-level prices. and people like former president atch zion ma came to play for about 30 seconds. the star is the projected top pick in this year's nba draft and his injury raised more questions about nikend college basketball making millions of dollars on the backs of unpaid student athletes. nike released a statement today it wished zion well. it called the shoe snafu an isolated occurrence and said it's working to identify the issue. >>> pat collins and his snow stick challenge make winter weather a little more bearable around here. tonight we have a new winner. >> i feel like we need a drum roll here. pat challenged you to recreate your favorite movie scene in the snow. it came down to a three way tie between "e.t.," "bird box" ands "m: impossible." >> in the end, the "bird box" scene from the peacock family won out. >>excited, huh? >> i'm very excited. this is a huge honor. as a d.c. transplant, this makes us feel at home. we're really honored to have the snow stick. >> you can browse some of the best submissions right now. open the nbc washington app and search "snow stick." so many creative ideas. >> and the blindfolds, babies and snow, you've got to get that quick. you can't wte

nike colin kaepernick jersey is sold out. kaepernick has had an endorsement deal with nike since september. the jersey features a silver 7. some people say it looks like a raiders jersey. it was sold for 150 bucks. shoppers can join a waiting list when nikeks the jersey. he's known for kneeling during the national anthem to protest police brutality. he has been a free agent since 2017. last week kaepernick settled a collusion case against the nfl. >>> good news for new and expectant parents. walmart is hosting a baby savings day. it's this saturday in most walmart stores. parents can check out demonstrations on products like car seats and experts will be in the store to give out advice on choosing the right products. there will also be samples and coupons. >>> next system is trending weather especially forhe north bay. i want to show you 5:00 monday morning up in the north bay. you may be dealing with a wet commute. notice where most of the rain stays in the afternoon hours and in the evening it slides into the south. but the front stalls. you can see rain over the heart of the bay and the north bay as we head from tuesday morning and then again it focuses most of its rain on the north bay tuesday afternoon and evening. look at the huge