>> first, let's not do ralph lauren, let's do ralph lauren, he's from brooklyn. second, this is the ultimate buy the clothes not buy the stock type of situation, to me. first of all, it's not cheap yet. the 10-year average price to sale is 1.75, which is where it trades now. second, the outlook just wasn't great, and this is a phenomenal business and it's global and they do almost everything right. but the chart is telling you that there are many more sellers than buyers. this is down 15% year to date. it's an absolute freefall. the retail sector looks terrible, as well. and there's no real support in this chart until 120, but real support comes along at 100. i don't know if it drops that far. but there's just no signal that's telling you you need to get into the name. lastly, this is a company that's beaten earnings 11 out of the last 12 quarters and yet it's flat -- [ buzzer ] -- so i don't think it's going anywhere. >> last word, jimmy. >> josh, you and i go to the store together and i buy you, like, a saffron colored shirt. >> never going to happen. >> or a c

outperforming ralph lauren. ralph lauren down 13%. 9% comp sales.retty good for the gap. >> gap is good and old navy leading it. they were helped by late easter. you'll see ralph lauren down badly because they guided, remember the forecast means more than the number, they guided down 300, 350 basis points for margins and that's not what you want to hear. roger fairer, vice chairman is retiring. a lot of people feel he's done a fantastic job. ralph lauren's stock has lagged the group. i don't know how much i want to look at ralph lauren and add toomey and decide those trump gap. i do think it's a mixed picture. and i think that ralph lauren is a great company but periodically disappointed in a forecast and then beaten the forecast. >> i want to throw out an audible, omaha, talk about a different gap, the gap between ralph lauren and michael kors, kors up 13% year to date, ralph lauren down 26% spread in the price performance over just 5 1/2 months. >> kors has big china business. coach has kind of fallen apart here. kors and fossil very strong. fossi

. >> whatever aspect of the business that you are in in our industry, everybody looks at ralph lauren >> a dreammaker who netted billions by imagining what others wished for. >> every time i design clothes, i am making a movie. >> i do not think anybody since walt disney has been as successful in persuading millions and millions of people to buy into his fantasies. >> wherever you go, ralph lauren's brands project an aura of rarefied living. >> ralph's brand stands for classic, timeless fashion. >> the brand represents your souvenir of this fabulous lifestyle that you want to be a part of. >> but his life was not as picture perfect. >> my sense was he thought that would be the last time he walked the runway. >> it wasn't, not

ralph laurens short of estimates.ked investors ousting the ceo, replacing him temporarily with cfo john mulligan, while it launches a search for a full-time later. target is among major retailers that needs a new ceo. inrican eagle lost its chief january. mikeney brought back ullman, but not necessarily on a permanent basis. lou d'ambrosio is the former ceo of sears. he knows firsthand how hard it is to please consumers, and he , thee former ceo of avaya tech company. you actually were a retail ceo that came from another industry. how hard is that? record couple of things -- retaliation eight -- >> a couple of things. cal is a tough industry. rings that differentiate retail -- it is 24 hours a day. there are hundreds of millions of transactions a year. the industry is going through a radical change. surely, consumer spending has been constrained. >> it is difficult. >> that have happened in a lot of industries. retail is a completely different industry. if you talk to the people that have been in retail forever, the m

ralph lauren, the stock was open.he soul of the market says high quality brand says let's pick p it up. here is my issue with ralph lauren. if it sells at a below average multiple of the group i think spring is coming in well for the weekend. i like ralph lauren. why do you think spring is coming in well for retail. you have a cost that is very strong. but we had gap reported a good number. they made it to the number that was better than expected. you got good numbers and i wonder if the retail isn't in good shape. we have good personal income. >> hearing the way people buy things and the weather had an impact. but this is much more important? the competition has got ten great. it whohas come in and kroger an cost co has come in. those say that the consumer may be more tepid. but i say the competition has been too great. i'm coming in more positive on retail than i have been. >> all right. the numbers we have the opening bell two minutes away. no subs. for what reality teaches you firsthand. in the face of danger, and

. >> ralph lauren giving 2015 guidance and warning profit margins will decline as the retailer looksspend more cash to expand stores. shares down 2% today. pete. >> slowdown in growth. you mentioned the profit margins. those are the two things the investing public does not want to hear. this isn't something new for the company right now. when you look at the company, ralph lauren has been heading south wheenwhile the s&p has been moving to the upside. it seems right now like the stock is broken. it did bounce off the lows today but i tlirng are more lows in front of it. >> next up, twitter looking to take on instagram with its renewed push for users sending an e-mail to current users saying twitter were sharing standout moments and not just with text. our new photo features make it a snap. >> it's what they need to do in order to remain relevant in the world we live now. you've got to continue to keep up with all the rest of the guys and gals out there. how do you trade the stock? great job pointing tout lockup. i didn't think the last quarter was bad at all. the photo was actually d

>> jimmy: they finally tagged ralph lauren in it.s the end of it. >> steve: they're fun people. >> jimmy: this one is from dwayne johnson. he replied, "i'm the rock. i'll win that match-up every time." i was like, what's going down? here's the question. "do you think you could beat scissors?" [ laughter ] and you go -- >> steve: yeah. >> jimmy: rock beats scissors. >> steve: every time. every time. >> jimmy: don't ask him about paper. >> steve: don't. >> jimmy: he gets upset. [ laughter ] >> steve: he gets real upset. >> jimmy: he gets real upset. >> steve: he's the rock. >> jimmy: yeah, he's the rock. this next one is from the state of colorado. they responded -- the state of colorado, by the way, yeah. >> steve: okay. >> jimmy: they responded, "anything is possible if you put your mind to it." let's see what they were asked. "can you make a bong out of a a ukulele?" [ laughter ] i mean -- this is true. i guess. [ applause ] >> steve: i guess. >> jimmy: they're nice people. >> steve: it's america. >> jimmy: you can do whatever you w

. >>> and ralph lauren posted an earnings beat but the retailer offered a disappointing outlook.hy we begin focus, the company expects global revenues to rise 6 and 8% next year but warn operating margins would decline as it spends money to build up the network of stores and that overshadowed an otherwise good report. >>> shares of hilton worldwide up after the hotel operator announced earnings and revenue that topped estimates. first quarter estimates tripled thanks to higher rates, hilton also raised the full-year forecast as it expects more in business travel. that pushed stock up to $23.07. and traffic decreased at the outback steak house restaurant chain. like so many companies this earning season it blamed it on the harsh winter weather. >>> also a shift in holiday timing negatively affected the quarter with shares fallingÑi 2 and a half percent to $20.89. >>> and vivas is facing threat from drug maker activist, the company plans to market a drug that will move to enforce intellectual property rights. shares fell to 22, activist down to 196.18. >>> and radio shack scaling b

ralph lauren fell short of what wall street was hoping for, sending shares down three dollars friday. it's earnings were solid... but says its growth going forward will be lower. new netflix fans will pay $1 more per month. the online video streaming service raised the price to $9 friday. the $8 fee remains the same for 2 years for millions of users who already with netflix. the company says it needs more money to pay for original programming including its hit "house of cards". still to come: the new high flying stocks as money comes out tech... plus...from hobby to startup..... insights on tapping into your talents and after the break... one of the most overwhelming investments of your life...simplified. that's after this in the know message! real issues they're dealing with can be awkward and uncomfortable. but when their behavior changes, it's time to act. because if we don't, our families and relationships will suffer. listen to the veterans in your life and show you care. it matters. when you recognize a veteran is in crisis, call the veterans crisis line at 1-800-273-8255 and pr

in the case of ralph lauren. the yang between the chief merchant and the chief operator. are brothers to brooks this morning, this brand really matters. >> you have to have some technical expertise as well, that is something we can get into with john burke, the ceo of financco. alexis has not been a dull moment for seven years. book on deutsche bank? >> i don't know yet. congratulations. >> we're still waiting for headlines across credit suisse agreeing to plead guilty, and find out what they may pay. >> and criminal charges we have not seen in 20 years. "surveillance," at consumers lost faith in target? this is "bloomberg surveillance" on bloomberg television and radio. ♪ >> this is "bloomberg surveillance," i am tom keene and mrs. john burke, the ceo of financo. how brandshion is have become more brandier. forget about the alligator shoes or that shirt, he just figured it out. abercrombie & fitch has not. what are they missing right now? >> the world has unfortunately moved away from them, five or 10 years ago

. >> a big part of your life is also ralph lauren and the polo brand.nient that they're both named polo. >> right. >> what has that done to your ability to publicize polo as a sport? >> i think i couldn't imagine where i would be without him. it's been an honor to be with him for almost 14 years now. i think that that recognition has given me the opportunity to talk to more people about the sport, a sport that, like i said, has a lot of power to be the next great sport. >> you've already got it started with your son, right? he plays polo. >> my son is 14 years old. he's going to play with me tomorrow. his name is iladio. >> he's going to play tomorrow with you? >> tomorrow we're playing together at this event. so i'm very excited. >> congratulations. thank you very much for being here. coming up next, the brazilian spirit. that's hoping to get a -- spirit that's hoping to get a big sales boost from the world cup. yes, we're talking about that next. ♪ >> all right. brazil's getting a lot of attention? why, because it's going to host the 2016 olympics, al

ralph lauren trading up. a third of the troika, they trade together, kors.areful of some of their accounting. steve mandel who taught me about retail when he and i were at goldman sachs filed he owns a substantial stake in kors. kors surprising only up a buck. i think it can go much higher off of the troika. >> mandel runs a large fund. >> if you think high-end ralph lauren, people are spending again, it's going to gravitate -- >> europe too. >> so i like kors here for trade this morning off of what i'm seeing from lauder and how ralph lauren has been going higher. i like that. >> all right. "mad money" tonight? >> we have panera which has been disappointing. they're doing panera 2.0. the ty chicken salad paid $9, seemed pricey for me. he we have lifelock, identity theft stopper. quarter was not that great. we have to find out what's going on there. both quarters not that great. now companies both say their quarters are good. >> my judgment. >> we'll see you tonight, jim. >> yeah. >> 6:00 p.m. eastern time. >> and this weekend. >> jan hatzius on jobs and the

ralph lauren shares slipping at told revenue will only grow about 3-5% this quarter.ng growth of at least 10%. aren't they breedty? the stock is down more than 2% right now which is a bad start to the weekend. the man behind the brand has about 28 million shares means he's lost about $90 million since this morning. oh, lord. making some serious cash despite an ongoing fight with bill ackman, herbalife's ceo michael johnson. he just made $13 million week after exercising options. reports say he purchased a quarter of a million shares and a price of under $8 each. he then sold them right away for $of 60 apiece making millions in the process. very interesting. and making money from prospective -- perspective college students, campus tours for just under $44,000. what a deal no matter where they're located. they can hit up to eight campuses in one weekend. the company says it's all about helping students make the best, most informed decision at a rock bottom price. all right, airlinessing are hopes to fly away from showing you the real price for flights. a new bill would

. >> all right johnny depp here in ralph lauren. >> he is wearing -- look at his shoes. >> he has the looking dashing i must say. >> absolutely, positively. >> social media having fun with the fashions for sure. >> katie holmes according to social media stole her look from belle out of "beauty and the beast" and i agree. >> some of the celebs had fashion going head to toe literally. >> we want to show you erykah badu on the red carpet. all of her hair probably in her hat. more celeb news right after this. of snuggle fresh linen you love, again, he's sitting in my chair. uh-huh! anytime you want it. part of the air wick familiar favorites collection. also available in cinnabon classic cinnamon roll and baby magic clean baby. is it a bus? a bicycle? two chinchillas? a skateboard? fuzzy coconuts? it's a flower. air wick. the craft of fragrance. you would need like a bunch of those to clean this mess. [ kc ] you're probably right. hi, cascade kitchen counselor. 1 pac of cascade complete cleans tough food better than 6 pacs of the bargain brand combined. cascade. beyond clean and shine. ev

finally on friday, we hear from polo ralph lauren, and judging by how well estee lauder and two other high-flyers are e doing, bet ralph laureng, will be a terrific buy ahead of the quarter. watch out, a wild trader. also, going to listen to the 3d printing company that's much-loved even though the stock has been hammered lately. and while i think it could deliver thela quarter, i think this would be a reason to sell the stock into strength, not buy it because the whole group has overstayed its welcome. let me give you my bottom line. look for opportunities like disney onik weak this monday or hain, sprouts and whitewave. and remember, the bond market's saying something could be lurking out sthere. so it's not such a bad idea to raise some cash now that we're flirting with all-time highsow order to be ready for whatever this market or the russians can throw at us. let's go to arlene in florida, please, flarlene. >> caller: hi, cramer, long time fan. need your help. isys pharmaceuticals, it's reporting tuesday.ha i bought 300 shares at $50. ouch. what do i do? >> all right. well, these

we will also have a report from ralph lauren. we know that the toronto maple leafs are playing golf. right now, equities, bonds, currencies -- 2.61%.r yields, nymex is at 0.82. vicks, 13.43. yellen year yield is the headline. we have to get wonky. 82 is the difference between the 10 year note and a 30 year debt. let's go to the monitor them at the bloomberg terminal. mr. putin in crimea -- move into the weekend. the navy is presenting off the coast. >> we still do not know one putin wants. >> we will talk about ukraine later. we scoured the front page. it was completely jumbled last night. >> everything changed. the top story had to do with the advertising juggernaut. this would have been the biggest advertising firm . the board voted to end the advertising deal. all of the delays created uncertainty for everyone involved. shareholders, employees -- we are not that realizing a dream does not mean that we do not have dreams. it is disappointing that we have this dream, which is not going through. do not go to the church right afte

ralph lauren has taken over them -- the old disney space at 55th street, and that will be 30,000 feets doing another mansion-type store and his restaurant. dalentino has taken over on 53r and we will have a four-level emporium, and the story goes on and on, the luxury retailers mixed with the cheap chic fast fashion the numbers keep going up. let's compare the numbers here in manhattan versus the numbers in hong kong. >> they are slightly lower. about $4000. we are at about 3500 and climbing. i think the newest deals will come in and exceed the $4000 a foot level. >> have you been on that street in hong kong? >> yes, i have. >> do you believe a majority of those stores make money? >> a lot of them do, but there are others that are just the face of the brand. you need to have a global presence, and that is what hong kong has become in asia, and new york, which is the fashion capital of the world, and the shopping capital, is the same. if you are not on the street, in the face, and madison avenue comes on the back of that, for a brand, you have no position in the marketplace. >> really?

a week forecast that ralph lauren.icole: the operating margins will decline because more money will be spent to build the network of this sort. when they are going to be spending more money for the network at the stores everyone starts to shriek and shiver and stock is down 3.7%. they expect global revenues to rise 6% to 8% but the spending is making everybody nervous. stocks at a new low, the number 3 loser in the s&p 500. stuart: that is a rotten shark. thanks, have a happy friday. the president using the results of the national climate assessment report to push his green agenda all week but if you read deep into the record you find results are not quite in line with the president's message. i will quote directly from the report. there has been no universal trend in the overall extent of drought across the continental u.s. since 1900. trends in severe storms are uncertain and being studied extensively. no clear connection between extreme weather events and global warming, the opposite of what the president said. righ

ralph lauren. you see lots more color.ge because younger men are more open to this more universal messaging. i do think there are certain lines you do not cross, such as to my mind, still things like make up, which are harder. >> you talk about the fact that men will not to appear around the block for the latest handbag. i slightly disagree with that. you walk into an apple store store when they are selling a new iphone. there are men queuing around the block. a handbag for your data. how do i make that, because technology, you can get your head around it from a man's point of view. you can see how many get on board with it. how to someone like fendi take has story that apple and turn it into something that will work for them? >> this electronics legacy from men will not change. even now you think about in the endless sex in world, and i would say there are -- there is a difference between america and the u.k. and asia, where you will see men frequenting luxury stores. in the west to have this habit, i go to the mall with

you only see that and fashion brands where the ceo is founder and entrepreneur, like ralph lauren. >> to the question that tom was asking yesterday, do designers make good managers? he needs to put his stamp on the company and one way he is doing that is with perfume. the deal they struck with amazon, lots of people questioned whether this dilutes their brand equity. selling it on amazon? >> this is a big deal that is very interesting because on the one hand they are bringing their makeup production in-house, but on the other hand they are also changing up is to be vision, selling it on the masses. they are pulling a lot of levers, thinking that this can be one of the areas where they can grow the fastest. they think that fragrance will grow 25% in the coming year. from the product control standpoint you have to wonder how they are going to compete with other big fashion brands. this is actually a tightly controlled industry. most other fashion labels, like dolce and obama, they out source and license fragrances and cosmetics because they have the distribution power to then broker wit

also on the agenda today, ralph lauren and bloomin' brands, owner of outbak steakhouse. >>> pfizer coulds would face a major hit if the deal goes through. shareholders with stock in taxable accounts would own capital gains when shares are converted into stock of the combined company. pfizer says it's aware of that which is why it mentions it expected shareholders would face a taxable event in a press release last week. that will give shareholders something to think about. >>> gap's april same-store sales rose 9%, well above analyst forecasts, thanks to an 18% surge at old navy. the gap's been one of the few bright spots in retail as many other chains have lowered their forecast, citing heavy promotions and weak traffic. gap managed to post higher same-store sales for eight straight quarters. pretty good performance compared to the rest. the stock up another 4% in frankfurt trade. >>> and still to come, south africa looks to be ruled once again by the anc. early suggestions saying that two out of three voters will re-elect jacob zuma. the latest from pretoria, after this. gap out there. t

and ralph lauren is donating a breast cancer center. also, a smattering of supermodels.cess kate and prince george. they had a night in. >> a smattering of supermodels. >> i'm all about alluring. a smattering of supermodels. >>> also in "pop news," this morning, holy hot pants, batman. the director of the upcoming "batman versus superman" movie, tweeted this photo of the batmobile on monday. it's like a slumbering monster in its cave. that's ben affleck. >> it sure is. >> i mean -- >> yeah. >> you need to go to the -- what's that saying when you -- like you -- >> welcome to the gun show? >> yeah. he's looking good. "batman versus superman" may 2016. >> translating, lara. >> i'm here for you. i'm here for you, lara. here for you. i do. >>> are you looking for a career change, anybody? any adventure? how about becoming a panda caretaker. a giant panda research and care center in china's sichuan province, is looking for panda care. my daughter wants to be one. you're a little young to apply. you need to be 23 years old, have basic knowledge of pandas and be able to take pho

polar ralph lauren, chris polo shirt on and chad, you're coming up on the scene here with d squared,you? >> it's good because it really raises awareness for these kids to, like, really have, like, hope and opportunity, you know. and if we can bring awareness, then that's awesome for us to be able to do. >> you like it right here, too. >> i'm liking this. the bike is great. we also have these that i noticed. you were explaining a little bit to me what they're for. can you explain? >> basically you're supposed to -- some part of the clarks you're going to do this, hold it out there. chad tells me we hold it five, ten minutes like this. >> a couple of minutes. >> it's basically to get the core and abs psyched as you're spinning. >> wow. finally you can see the -- your position in the race that you're in. >> yeah. >> like a derby. >> yeah. so you can either look good or look bad. >> can people still get -- 100% of the proceeds goes to boys and girls clubs for tonight's event and possibly those moving forward. can you still get a bike tonight? >> yeah. i have think there is still some bik

. >> ralph lauren, $1.68 a share, 5 cents above estimates. revenue above con census.s it spends to build its network of stores. the stores gorgeous. the most beautiful stores. you say how can you build? it's like walking into a palace almost. >> the one thing that i just want to say one more time. the ability to start beats, dr. dre and this guy. three years ago. $3.2 billion. the ability to do that and however they did it is so cool. i can't take a dim view of the whole deal. >> okay. we this conversation. >> aren't you excited? >> i'm very excited. i think it's marvelous. >> headphones. everybody already had headphones. the way they did it. the way they marketed it. the way they made it a must have item. the way they priced it. and the guy that apple is getting. >> the guy who broke the story, joining us now. more on that deal. matthew is the media editor of the financial times. good morning. >> good morning to all of you. >> okay. let's start. a, is this deal actually happening? >> yeah. that's what we're told. it's going to happen we think sometime next week. it i

i think it's brands like nike and brands like ralph lauren and i think you look at a vf corp who hasf best in class brands that's why they're fairing better in an environment like this as some of the stronger trends in north face and tim berlands. >> why is there a glut of good ceos in your space? look at some of the major ones like target and jc penney, american eagle looking to fill that ceo position and not a lot of names out there about who could do it? >> it's funny. it's something we highlighted about macy's. it's rare to have such a deep bench and they have a strong cmo and president with jeff ganet, terry lundgren, one of the best cf 0s in all of retail. a lot are looking for a strong leader to step in. it's a question mark because jc penney went through this a couple years back where their belief was they did have the answer and obviously didn't turn out to be the case. it will be interesting to see how it shakes out with so many management openings here. >> matthew boss, jpmorgan, talking about macy's, thanks so much. >> pick up the conversation specifically about sears. th

in january, jennifer lauren, niece of ralph, was fined $2,700 for allegedly getting drunk and air rageyclaims lauren called her a "fat, ugly, unhappy blonde [ bleep ]." lauren pled guilty but later told "the new york post" the allegations are all lies. she claims flight attendants, "threatened me." the law is very strict about alcohol up in the air. >> an airline is not allowed to board a passenger who appears to be inebriated. and an airline cannot, by federal law, serve any passenger to the point of inebriation. >> reporter: do you cut people off if you think they're too drunk? >> of course. we have to. they might not know it. we have tricks. their jack and coke might become a lot of coke and very little jack. >> reporter: it's fine if you get drunk and just pass out. >> no, it's not okay if you pass out. something goes wrong in flight, we can't be taking 140 limp noodles by the ankles and pull them off the airplane. >> there's basically a sobering spray that's on the horizon. in the next five to ten years, there will be a spray that you spray somebody's mouth. you just hold them down