>> we were both wearing ralph lauren.ting. >> yeah, i didn't ask his age. 11? >> jimmy: he's 11 years old, you didn't know? >> i didn't know that. >> jimmy: last year he was 10, now he's 11. i think he's going to be 12 too. [ laughter ] >> oh, no. >> jimmy: that's something else. you decided, we're wearing the same designer, we should go together? >> yeah, we were on the same table. we know each other. hey, you know what, let's go together. i was like, okay. ended up working out. >> jimmy: uh-huh, okay. [ laughter ] you know, when you're considered for the director of the fbi, you will be subject to a polygraph. >> i know. >> jimmy: i will make sure the nick jonas questions are on that polygraph. [ applause ] this is the after party. >> yes, that's the after party. >> jimmy: what happened to the rest of the outfit? >> that was pure genius, jimmy. can you imagine being there with a 20-foot train? >> jimmy: no. >> i woke up and i was traveling from mumbai to new york. i had a nightmare on my flight. what happened to the tra

i don't like to bet against ralph lauren. cloud computing is off to the rices, and it seems like this cohort is a horse of a different color. we have more coming, where ford is headed after firing ceo mark fields and replacing him with the man at the head of the autonomous vehicles unit. but before that, he was a dynamite cabinet maker. then i'm raiding your father's liquor cabinet. and some researchers from wall street are starting to get nervous about the american consumer's ability to pay its debts? should you be concerned? i suggest you stay with cramer. finding time to get things done isn't easy. but we've got the digital tools to help. now with xfinity's my account, you can figure things out easily, so you won't even have to call us. change your wifi password to something you can actually remember, instantly. add that premium channel, and watch the show everyone's talking about, tonight. and the bill you need to pay? do it in seconds. because we should fit into your life, not the other way around. go to xfinity.com/myac

ralph lauren announced a new ceo yesterday. workers and forecast a drop in quarterly revenue. shares write out a percentage of the downside of $31.8 a share. that is going to be a big stock we're watching today. trade to former fbi chief robert mueller tasked to oversee the russia investigation tried bipartisan praise. >> he's as good as it gets. he serves as the bush administration, obama administration. he is unassailable. true to who will have a live report from washington d.c. and it is hot, hot in the northeast. how hot will it get? meteorologist janice dean has her forecast. the stock market futures after selloff to the dow yesterday. dow futures down 74. 131% it has to be done thanks agnostic and 14. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ was i out of my head, was i out of my mind ♪ how could i have ever been so blind ♪ ♪ here comes the fun with sea-doo. starting at just $5,299 and get 0 percent financing. visit sea-doo.com today. nicole: good morning. five for a day in the new

say i go into a ralph lauren store, what will i say happen that may have been related to what you dot salesforce. you're right. every major retailer in the world is going from brick&mortar bids to online and in some cases doing both. they're linking their retail presence with online and that is very powerful and we're doing that through the sales december force commerce claude. -- sales force dom mers cloud and in each case, these customers are able to sell more because they're using incredible online digital capabilities. the number one exactly as i mentioned, artificial intelligence so we can provide a better solution and better experience for that consumer as they're shopping whether in the store or online. yesterday in las vegas we talked about how we have 350 million shoppers now using our commerce cloud. that is incredible. >> when you say artificial intelligence, if you go into a store, most of the stores still don't seem to know what i want like amazon does. will that change? >> absolutely. not only because they know what you want, they know what you purchased, they know what

there's more of her ralph lauren french coat dress. have you see nthis?ad dress and this is what happened to diddy who laid down on the set. we're all freakingut seeing madonna. >> what is in here? i want to know. >> a beverage. >> i see beverage. rose? >> i love rose. >> i am of legal age. i know i look young. >> the point of the night was saline who performed as only saline can. ♪ ♪ >> oh, my god. >> you're great. >> selena's always singing, isn't she? >> she always is singing. >> she looked incredible. some of those other gowns seemed outrageous, wait until we show you what they wore to the after parties. that's ahead. >> it's crazy. right now, an update on again sta fanny's voice coach. new details from boyfriend blake shelton. >> again sta update. how's she doing? >> shiez getting better. i -- you blow your eardrum out, that's like -- i don't even know how that happens. she says she can hear now. it's just slow, i think. >> last week gwenn suffered that ruptured eardrum while on a plane forcing her to cancel a charity performancen i los angeles. >> s

. >> speaking of power dressing, we'll never forget that ralph lauren trench coat dress she wore on thewanted to have a moment of rebellion on the carpet -- >> it was so sexy. >> of course, i'm a girl. i wanted it to be sexy. >> once priyanka got inside the gala, the 20-feet train came off and she partied the night away in a trench mini dress. >> i still don't know where the rest of my outfit is, though. >> who has your train? >> someone in vogue. >> they wanted one of priyanka's favorite meme. >> a tent and a magical flying carpet. >> how about the most common mispronunciation of her name? briyanka. my name starts with a "p." >> she was asked what is the greatest thing about america -- her answer it's the land of the free, the home of the brave and cheese burgers. i hear you. >>> we're in the middle of cyrus family takeover. dad billy ray performed this morning on the today show and then he joined noah on her song just released today. pily has her new music and now brandi and mom tish are going head to head on a new renovation show. >> i came in like a wrecking ball. ♪ i came in like a

won it back because ralph lauren was not -- ralph lauren himself wasn't happy with the way that theyting a worldwide build. if you buy a purple suit, maybe you want some purple shoes. >>> coming up, we have jim's "mad dash." more "squawk on the street." hello, my name is watson. i am helping 8 million taxpayers get the largest refund they deserve. one million people can benefit from precision cancer care. 197 million passengers can fly with less turbulence. i am on my way to working with one billion people. i look forward to working with you. with this level of intelligence... i am on my way to working with one billion people. it's a supercomputer. with this grade of protection... it's a fortress. and with this standard of luxury... it's an oasis. the 2017 e-class. it's everything you need it to be... and more. lease the e300 for $569 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. remember here at ally, nothing stops us from doing right by our customers. who's with me? we're like a sports team here at ally. if a sports team had over 7... i'm in. 7,000

but you have a guy who's not going to be butting heads on merchandise with ralph lauren but he knowsoperation. i know everything is being thrown away with apparel. i can't wait to hear him speak. very, very accomplished person. >> what's on "mad" tonight? >> home building so strong. i have tripoint, doug bauer. then nex com, they're not getting paid. we have to find out what's going on there. wow. a lot going on. i guess i have to keep -- you know, i hate having to watch washington every minute. so hard to do. >> i don't think we have a choice today, jim. >> no. no choice. well put. >> see you tonight, "mad money" at 6:00 p.m. eastern time. >>> 1% declines on the dow. on the s&p, russell's down 1.5. back below the 50 day. don't go away. ♪ >>> good wednesday morning. welcome back to "squawk on the street." i'm carl quintanilla with sara eisen, david faber at the new york stock exchange. the dow is down 230. 1% declines on the s&p. russell off 1.5. got gold at a two week high, the vix is higher, the dollar is lower. the president will speak at the u.s. coast guard academy later today.

. >> speaking of power dressing, we'll never forget that ralph lauren trench coat dress she wore on the sort of have a moment of rebellion on the carpet and i think -- >> but it was still sexy. >> yes, of course, i'm a girl. i wanted it to be sexy. >> once priyanka got inside the gala, the 20-foot train came off, and she partied the night away in a trench mini dress. >> i still don't know where the rest of my outfit is, though. >> who has your train? >> someone in vogue. >> in fact, vogue wanted her favorite memes of the outfit. >> there was a car, the cover of the car. there's a tent. and then there's a magical flying carpet. >> how about the most common mispronunciation of her name? >> bianca. my name starts with a "p." >> and her best impression of the "baywatch" theme. she was also asked what is the greatest thing about america? her answer? it's the land of the free, the home of the brave and cheeseburgers. i hear you. >>> we're in the middle of cyrus family takeover. dad billy ray performed this morning on "the today show" and then he joined noah on her new song that just released

ralph lauren reported this morning, on the one hand, earnings were strong at ralph lauren as it is tryingce discounting. on the other, kabul sales still fell by 11 -- comparable sales still fell by 11%. we have been watching the situation in brazil. companies that have exposure in latin america have been weak. whirlpool is one example. it is down 2.5%. 50% of sales come from latin america. we are seeing companies like that get hit today. julia: political drama is back in time in brazil. president michel temer is embroiled in a corruption scandal after taking over from impeached president dilma rousseff. it's expected to give a speech around 3:00 p.m. eastern. brazilian stocks and the real are plunging as state-controlled petra dropped by the most in six months. we are joined by the sao paulo bureau chief for bloomberg chiefs -- news. the government has already put out a statement denying these allegations. what more can president michel temer say today -- what are you expecting? allt has been speculation day long -- denied a couple of hours after the news broke yesterday, accusing him of

. >> there is more of her gorgeous ralph lauren trench coat dress on vogue.com.u seen these memes? katie's head dress reminded some of a beer helmet. and this is what happened to diddy who laid down on the steps while his girlfriend posed. but the queen of the night was celine who passed on the crown as only celine can. >> you look great. >> bye. >> i thought there were so many people who went for it. >> we talk about la la anth. but the dress of the night zendaya. >> i love you picked a guy. >> he was styling. i could never wear that. but he certainly could. >>> straight ahead, our mariah carey exclusive on single life. >> and julianne hough's must haves for her wedding day. >>> what does it take to win "dancing with the stars"? the judges share their secrets. >> that's what gets you the mirror ball. >>> and mark ballas with his i accept i'm not the hiker i was. i even accept i have a higher risk of stroke due to afib, a type of irregular heartbeat not caused by a heart valve problem. but no matter what path i take, i go for my best. so if there's something bett

stores including ralph lauren, neiman marcus, already have these magic mirrors.s twirling on the dress is changing colors. top with your friends and see. dagen: that is clever. the picture gives you a better idea. thank you for joining us this monday morning i'm not the end. >> we're going to turn it over to maria bartiromo, "mornings with maria." tre to good morning, everybody. thanks for joining us. it is monday, may 15th. top stories at 6:00 a.m. on the east coast. cyberattack with a list of a hundred thousand organizations hitting over 150 countries on friday. experts warn it could get much worse today. what you need to know as you boot up this morning. austria markets looking like this. features indicate a mixed opening. now investors up by 20 points. nasdaq and s&p 500 close to the flat line. stacks are searching for direction as well. cac quarante lower this morning. in asia overnight, stocks mostly higher. take a look with the best performer in hong kong. the hang seng index up 1%. make average to an in japan. searches on for a jab on for jim comey's repl

if you take macy's, for example, they have calvin klein, ralph lauren, jessica simpson merchandise thatoes not resonate with the millennials. not just about the value proposition and getting the consumer the convenience of shopping but also rethinking the merchandise and the branding. >> brian, one of the conspicuous things about this sector is what's not happening. people are saying these are cheap enough. i'm just going to buy the company. let it shrink in private hands, often what used to happen. what's that telling us? is it essentially -- is there anybody who will basically say there's going to be some value here and that will put a little bit of a floor? >> yeah. so, no. there are six retailers sitting in private equity portfolios right now that are going through some kind of reorganization. we think the banks would not be very smart right now to lend. the retail business model is broken. you cannot have 6% to 7% ongoing same store sales declines in your brick and mortar businesses, deleverage your occupancy costs and store labor costs ongoing. business models are broken. go throu

companies like ralph lauren and michael cores are the companies that manufacture the apparel and accessories in the been macy's and other department stores. in terms of other assorted movers, wells fargo is trading lower. it also announced $4 billion in cost cuts. partners has been pushing for a shakeup. it is taking a wait-and-see approach and finally, textron is tweetson unconfirmed expected -- speculating about a takeover. finally, oil prices going up. there was talk among opec producers they have struck an agreement. $48 pereeing oil at barrel. the u.s. dollar index is going lower. as vonnie mentioned, we are seeing a quick line in yields today. interesting, giving the fact we had a producer price impact that came with inflation a little more than estimated. thank you for that market update. we will go back to capitol hill where the senate intelligence committee hearing is underway. we have acting fbi director andrew mccabe saying he disputes president trump claim that fbi agents didn't back fbi director james comey. >> it has been the greatest privilege and national honor of my life to

>> online. >> online. >> ralph lauren, part of the class of '97, by the way, so when you look at theo far this year, the fact that apple and amazon and even names like visa up trael ltremendousl that's a move? >> running out of buyers here, some of the names, some of the names from the chip equipment sector, ship names, we have supply materials reporting later this week, and expectations are sky high. with expectations high, go in the other direction. we talk about department stores, names like kohl's and macy's, target this week, walmart, t.j. maxx, value to be found there. look there and think about the names. i don't think they are left for dead here or going away. there is value there. let's go find it. >> all right. they are the guardians of the galaxy of the stock market. zock and block. milking it, joe. >> so we're number one for the week? >> another 66 million there. >> go king arthur. thank you for joining us. as always, a lot of fun. a quick break, dow up 91 points. >> after the bell, two of hollywood's biggest stars make take down one of wall street's biggest scandals. tal

ralph lauren trading lower today and michael kors trading lower as well.things we been tracking is the so-called non-store retailers as a percentage of overall retail sales. online retail. you can see if you go back to 1992, a huge gain and very consistent steady gains we have seen for online retailers as a percentage overall. what is remarkable is how low that percentage remains. keep in mind overall retail includes things like cars, big-ticket purchases. we're looking at 10.7% of all retail sales made online. that tells you not only what the course has been, but still at the low level potentially how much more we could see online retail grow. if you are interested in this topic in the changing face of retail, shelly banjo has a great column just that were she says perhaps the death of retail has been exaggerated and puts in perspective the issue. david: can't recommend that column enough. the white house press briefing beginning and washington, d.c. sarah sanders will be presiding over that. she will get her opening statement in just a moment. we will re

while actress [ non-english language ] wore a ralph lauren with a massive train.hianna stole the show in a red gown resembling a flower in bloom from a fall 2016 collection. another rock a puffy parka dress while madonna wore a camouflage gown with a canteen purse. caroline kennedy wore a floral design that helped her out shine others. hena daniels, kpix 5. >> the new crop of models made their mark. look at kendall jenner with a dress created with 85,000 handpainted crystals. my favorite of the night i think. thesisters wore a hilfiger and her sister wore a jumpsuit. she had to be sewn into. you can see why. tight. >> wow. >> you know, if you have a body like that why not? >> where else are you going to wear it? you like jenner's dress? did you see the song? >> yes. >> it was -- [ crosstalk ] >> she is young and -- >> totally pulled it off. >> a model so used to all of that. >> when it comes to fashion everyone, like, just starts chiming in here. >> except you. >> yeah. i don't know. all the dresses look decent to me. >> decent in decent? there's not a word i woul

ralph lauren also named a new ceo tapping former proctor&gamble ceo.es as gm redirects focus on other markets. the company will continue to build products in the country. gm shares are up nearly 10% in the last year. attention to growingsis venezuela. cheryl casone has e details that developing story, cheryl. cheryl: yeah, dagen, demonstrations have risen and triple-digit inflation, food shortages and violent protests as you're seeing on the screen. that's prompted the united states to call it's first ever un security council consultation on the crisis. u.s. embassador nikki haley say it is crisis is getting worse and the trump administration is trying to prevent another conflict like syria, north korea and south sudan. >> we have seen dozens killed, we have seen many injured, we have seen 150 political prisoners, over 1500 arrests and clearly we are starting to see serious instability in venezuela. cheryl: rafael ramÍrez rejected bringing political dispute to the united nations. another headline this morning, airline travel expect today reach record n

i had thrown ralph lauren in there, as well. know it's not one of her favorites, but i like that one, as well, because of the cost cutting and i think that's a take out. >> anyone else? >> xrt, broadly speaking, just got rejected at the flat 200 day. and when i look at individual names, there's a ton of broken charts here. so i'm sure there are some winners that we can pick out and stephanie will be better at that than me probably. but as far as making this broad as retail call, i don't think you can do it. >> yeah, because i think the consumer continues to be selective in what they're doing. why not continue in that trend? the cruise lines, the demand for cruise bookings are at all-time highs. so there's that. there's restaurants that are actually starting to do quite well. look at chipotle. look at starbucks coming back. i still like nike. >> pvh is up 12.5% to date. >> it sure is. they're able to deliver. oh, by the way, they have a lot of european exposure and europe has been very strong particularly at the high end. >> dive

however, on the flip side, we have ralph lauren, which although learning speed estimates, it is reported an 11% drop in comparable sales. and athena, what a drop, the owner of ann taylor. 38% decline after they slashed their profit forecast. its prior forecast had been 37 to 42 cents. is the worst performer in the s&p 500 today. brazil, we have been watching politics in the u.s. and rizzo -- and brazil as there is a brooding potential scandal involving bribery and the president. we are seen the brazilian stock market is triggering circuit breakers as it falls and pauses. it is down by 10%. we have a number of the stocks that trade in the u.s. trading lower. the brazilian bank all are falling, as is the brazilian currency. mark? continue.p's troubles the stoxx 600 is down for its third consecutive day. yesterday was the biggest drop since september last year. earlier, it was down another 1.2%. it is down near .6 right now. 192 billion euros have been wiped off this index in the last couple of days. the two day spike in volatility on the v stocks, the occluded the of the -- the equivalence

retail space for giving the product to distributors, not the macy's, the coach and the coor's, ralph lauren, the investors the content so to speak. >> the content. and there we seen them disintermediate the department stores, perhaps they consider they want to have less wholesale exposure and under the price, i think one thing that's interesting to me, i'm very curious to see what happens with deckert. to see if anybody wants to buy them. they have strong brands, a very strong brand, to see whether there actually is any private equity or corporate interest in them. >> that to me sort of gives me a hint about how retailers view their own landscape going forward. one thing we need to talk about, w wayfair the stock was up huge on a nice revenue beat. that was good. it's along the line osf a home depot and lowes, more than apparel. apparel is taking it on the chin. >> i think it comes down to competition. under armour is another name direct to consumers. under armour is not doing it in the same way. they are going through a painful transition from going to this upstart high company to a global

bed bath & beyond, macy's, ralph lauren. >> home depot stands out at the top of the dow right now upa moment. on your point about manufacturing, i think it's interesting that we have this whole debate about the soft data, the survey data reaching high, high levels. everyone was excited after the election. would that translate into the hard data. industrial production suggests that it does. it might come at a time where the soft survey data is starting to roll over, the negative print on new york manufacturing yesterday. so, yes, we're starting to see it in the good data. we are expecting a rebound in the second quarter. the question is, does that carry through beyond be that. we're going to have to watch some of this confidence data going forward. >> ten year was not impressed by that number. still at two three three. we had pimlico lower. inflation forecast yesterday. price wars in apparel, telecom, even transportation to some degree just make it hard to raise prices right now on some big industries. >> i would also watch the euro today. it's a big mover. it's at a six-month high ag

. >> reporter: priyanka chopra making headlines for an avant-garde detective in ralph lauren.at with a belt. >> with a train to it. >> three people to carry it. >> reporter: couples ruling the carpet, j-lo and a-rod making theirs first appearance together sharing this car ride photo and serena williams getting ready to wow in green with her fiance and katie holmes designed by her date zac posen. how would you describe this in one word? >> spectacular. >> i was going to say that. >> reporter: and kerry washington shimmering in a one of a kind michael kors. >> you look incredible. >> thank you. it's all his fault. you can blame him. >> reporter: you can see the rei kawakubo exhibit at the met through september 4th. the theme was art of the in between. >> so what does that mean? >> i asked tom brady that. he said the same thing to me. what does that mean? what am i supposed to wear. all the celebrities, everyone in attendance did such a fabulous job. >> your personal favorite? >> i thought that -- i thought gwyneth paltrow looked fantastic. i'd say her, gisele, adrianna lima were

you are seeing other big brands like ralph lauren, coach tried to pull out of t.j. their brands. maybe that could be hitting t.j. maxx or maybe it is this general retail malaise. david: who is doing well besides, improvement? shelly: that is the question about t.j. maxx pick if you had asked yesterday, i would say t.j. maxx. as you pointed out, there are still growing sales, unlike other folks. i am curious to see what the reader is on tj maxx. always theamazon is catchall, doing well. alix: retail does go to d.c. secretary mnuchin will meet with retail today, or doing all about this? wondering, may be why it the border adjustment tax is dead in the water, why are these retail ceos finding an important to argue against it? you have got to know that is the one thing they will talk about today. there is still a lot of proponents out there, maybe industrial companies and exporters trying to keep this going and retailers want to really make sure it is not going to happen. alix: see why. shelly banjo of bloomberg gadfly. coming up, we are monitoring developments out of w

charles: those could look at the market and you could argue they're high, but-- >> look at ralph laurengap, wal-marand target as well. stuart: we're at 20,600 and sorry, sicca, we're moving on. facebook live streaming major league baseball games, they start today. so, should the cable operators, should they be worried? >> if i was a cable operator, i would not be sleeping at night. this is the-- this is the next frontier for facebook, netflix, and amazon, streaming live sports. they started doing it. they're perfecting it. the cable operators, sooner or later, people are not going to be willing to pay for cable because they can watch their live sports on the internet and that's the future. so, i would not be owning any cable stocks and i would be very worried if i was running these companies. stuart: scott shellady, is facebook the new great disrupter? >> yeah, it could be. i just got out of a meeting just talking about the exact thing because from the other point of view, you can have new talent start using facebook live to maybe get themselves out there like people did with youtube. s

styles face time video chats, make a 360 degree video of yourself twirling like model is doing, ralph lauren want people to come in and back to the store this is their -- >> i like it. >> i like it the address is going to turn colors. >> i don't think a camera in the dressing room -- >> [laughter] >> maria me twirling is not a good thing. >> [laughter] >> a little freaky with cameras in the he dressing room you are right -- >> coming up high-tech surveillance cameras keeping families safe from intruders about false alarms earnings on wall street retailer, what is it to expect major retailers target walmart, back in a minute. ostriches don't really stick vitheir heads in the sand.ve horns on their helmets. and a real john deere is actually real affordable. you learn something new everyday. the surprisingly affordable john deere e series tractors. won't replace the full value of your totaled new car. the guy says you picked the wrong insurance plan. no, i picked the wrong insurance company. with liberty mutual new car replacement™, you won't have to worry about replacing your car because you'l

but ralph lauren in real life. the trench coat dress with a real train.s fashion which none of us can pull off. >> it's like wearable art. >> yes. it looked like it, but it also looked super comfortable which i'm always in for. >> that's a good idea. you can be fashionable. >> when you wear dresses and you're -- let it go. >> i thought blake lively was beautiful. a gold gown with feathers. it was gorgeous. >> she's stunning. >> there were feathers all over the red carpet. i was thinking, like, should i pick one up? should i pick up a feather and bring it >> i thought that was on the edge of stalking, picking up somebody's old part of their dress? >> i think so. you go to a concert and catch a towel. you get to keep it. >> did you keep it? >> one guy. >> did you frame it? >> i don't know where it is, but -- >> you know what else i wonder. j-lo, her gown, she was one of my favorites. before they snap the picture, do they have a punch of people around them to try to make it perfect? >> yes. and katy perry, they have stylists, of course, who are helping get e

chopra and ralph lauren, it was a trench coat dress and a huge train.l off. >> wearable art. >> it liked like it. and it looked supercomfortable that i'm in for. >> you can be fashionable but not have to -- >> you know a strapless, you pull it up. let it go. >> i loved, i thought blake lively was beautiful. she had a gold gown with blue feathers. >> she is stunning. >> there were feathers all over the red carpet. i was thinking, should i pick one up? should i pick up a feather and bring it home to y'all? >> why didn't you pick one up? >> i thought that was on the edge of stalking. >> really? >> picking up somebody's old part of their dress that was -- >> i think so. >> you go to a concert and you throw the towel. >> did you keep it? >> there was one guy. >> did you frame that sweaty towel? >> sometimes, yeah. >> the guitar pick that they throw out. >> something else, i wonder. j. lo, a blue valentino gown. do they have a bunch of people that try to make it perfect? >> yeah. and katy perry. they have stylists that are helping to get everything right. and

i'm a coach and a buyer of ralph lauren even though they're going through the transition phase rightrs has this problem even closed to solved yet. i won't be a buyer until they have. i don't think this is cheap enough yet. >> good to see you, jan. >>> coming up next we'll check on the futures markets ahead of the opening market and see which way this market is headed. be igtd roo back. the power of a low volatility investing approach. the power of smart beta. power your client's portfolio with powershares. before investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. at bp's cooper river plant, employees take safety personally - down to each piece of equipment, so they can protect their teammates and the surrounding wetlands, too. because safety is never being satisfied. and always working to be better. can we at least analyze customer can we push the offer online? legacy technology ca

ralph lauren has named patrice luvet as its new chief executive officer.ter & gamble's global beauty division. he'll take over on july 17th. shares up in premarket. >>> a tax proposal today aimed at benefiting small and midsized businesses. joining us now senator john thune of south dakota, chairman of the senate commerce committee and member of the finance committee. thanks for joining us this morning. at some point we'll talk about the news of the day. let's start with some of the proposals that you're putting forth to try to loosen some of the shackles, i guess, or at least help out small businesses. what does it entail? >> right, joe, thank you. first off, we think that small and medium sized businesses are very interested in speeding up cost recovery, getting them to get capital deployed to invest more, and to create jobs. and so our bill basically gives them ways in which they can recover those costs more quickly, expansion of section 179 expensing, making permanent the 50% bonus depreciation allowing start-up to deduct their cost at a higher level a

lauren, thank you. >>> much more ahead on winery fire. what caused it too up g i me to listen carefully. i'm ralph northam,aught and when survivors of the virginia tech shooting asked me to support an assault weapons ban and close the gun show loophole, i took on the fight. i saw what those weapons can do as an army doctor during the gulf war. now, i'm listening carefully to donald trump, and i think he's a narcissistic maniac. whatever you call him, we're not letting him bring his hate into virginia. >>> welcome back. part of a facility that's either a winery or distillary in shambles. this place exploded it went up in flames after that. the people who own it say they were there at the time. no one was hurt, no animals hurt. the public area is still in tact. it's not clear how much damage was caused or what is gone for good. >>> this morning, a scary reminder to look before you take that selfie. search and rescue crews now looking for a man who fell off this cliff at a washington state park. investigators think the fall happened because he was taking a picture. >> boyfriend and girlfriend on a hi