ralph lauren stock was hard to figure it out. he was closing stores that weren't devering strong sales and that stock jump. rh, perfectly crafted short squeeze. the shorts controlled 35% of the flow although some of this was against the convertible bonds. hand it to garry freedman, who will be visiting us here not only did he buy shares for himself. he used two-thirds of the money raised by the convert when the stock was at about 1 bucks to buy back shares when the stock was at low double digits all i can say is heaven help the shorts who aren't protected by the convert. between index funds and gary, long-term owners owned 30% of the float. dumber than shorting online. we knew restorations had been soft because of the hurricane in florida. so it stands to reason that texas and florida will come back strong now that those issues were in the past the last quarter showed us that restoration's change to a membership garry's decision to focus on profits, was already starting to pay off. we knew this going into the quarter last night w

. >> that was ralph lauren, right? you look good in burlap sacks. >>> coming up. >> guess what?we have big, by news. >> oprah maps jr. announcement. how she's making fans' dreams come true now. >>> then your first look at paul mccartney with james corden. we know what they're doing in paul's hometown. >>> then -- [ screams ] >> "will >>> at the sterling vin yader rose fest, former ♪ >>> that is james corden getting a little help from a legendary friend. paul mccartney, of course. he's going to ride shotgun for an all-new "carpool karaoke." sir paul will take james on a tour of his home in live poole. it will air next week when james does the late late show from london. >> i hope his parents are involved. >> they're adorable. >> very cute. >>> we're still months away from season two of "will & grace." how much do we love this cast? >> so much. >> will and whoops? >> how did i have a line that i don't know. >> what sit? >> i don't know. >> well find it? >> i don't know. just you wait, lady. >> look what i got. >> oh, look at that. >> from for getting lines. >> you laughed with wha

. >> that was ralph lauren, right? you look good in burlap sacks. >>> coming up. >> guess what?we have big, by news. >> oprah maps jr. announcement. how she's making fans' dreams come true now. >>> then your first look at paul mccartney with james corden. we know what they're doing in paul's hometown. >>> then -- [ screams ] >> "will something incredible is coming to disney california adventure park. it must be epic! thrilling!...daring! come ride the incredicoaster. it's going to be simply exhilarating dahling! >>> at the sterling vin yader rose fest, former ♪ ♪ hi! leaving a career to follow a calling takes courage. a personalizedfinancial stry can give you confidence to take the next step. hi guys! aw yeah! see how access to j.p. morgan investment expertise can help you. chase. make more of what's yours. ♪ >>> that is james corden getting a little help from a legendary friend. paul mccartney, of course. he's going to ride shotgun for an all-new "carpool karaoke." sir paul will take james on a tour of his home in live poole. it will air next week when james does the late late

. >>> ralph lauren is hiking the dividends 25%. they expect sales to rise at a compound annuaate in the low to mid single digits. operating margins are growing in the mid teens. shares, nonetheless, were 1% to the down side to >>> furniture retailer kanns turned a profit and saw revenues rise. the company cited increase in same-store sales and improved margins. kanns sees same-store sales coming in better than expected as well.es sh popped more than 24% today to $31.95. >>> vail resorts sold more season passes and that helped earnings rise and top they said that the strong quarter gives it confidence that it can expand into more u.s. markets and shares climbed more than 4% today to $270.72. >>rv maker thor industry reported weaker than expected earnings. they were concerned about the steel and aluminumri s. they said they were already seeing an increase in raw material costs and is taking actions to try and offset those increases. shares initially fell on that news but then recovered rising by 2% to $100.80. >>> coming up, globe tr

a remarkable job at protecting its interests in very challenging times and i'm glad to welcome ralph lauren on the show he is spokesperson of the german section of republicans overseas and he says there has been a trade imbalance for years between the u.s. and the e.u. the complaints of the europeans about punitive terrorist are therefore not justified. and finally we're glad to have daryl lindsey with us he's managing editor of spiegel international he says europe is for the most part united against trump on tariffs for now but what if this turns into a full fledged trade war. and let me start out by asking you laura from daniels' are we likely to see the g seven devolve into a g six plus one as france's finance minister recently said and if so what implications does that have for europe and for the world as a whole. well first of all it's good that all of those countries and their leaders to coming together and trying to have a dialogue it's often forgotten that plenty of topics to talk about that are really important besides trade and the economic parts and i think this still a pretty go

some economists would say too focused on trade deficits after all i've got a trade deficit with ralph lauren i buy their suits they don't buy anything for me but in the end we both get something of value and in the case of china there's a three hundred seventy five billion dollars trade deficit wilbur ross tried to get china to negotiate that down by two hundred billion dollars the chinese did not feel comfortable giving a number like that and then russia told them the u.s. was planning on renewing twenty five percent tariffs on some fifty billion dollars worth of chinese electrical goods now this comes at a time when the chinese are trying to develop their own electronics industry with a china two thousand and twenty five policy that did not go over well and they said if you're going to institute these tariffs then we have no deal at all so ross comes back empty handed in that deal did not go well and of course all this comes as a head of a g. seven meeting in canada with prime minister justin being particularly outspoken in expressing his frustration with this tariffs policy that's right t

positive session in a row retailers along with tech lead the new high list with macy's, cole's, ralph laurens up 7% since early may so what's going on we've got positive commentary on the earnings front, traffic picked up considerably once the weather improved we heard this from dollar tree, we heard in from american eagle, we heard it from gap, williams-sonoma, target, kohl's, tjt should transte int meanin top-line growth there was talk of less promotional activity so it was great earnings the short interest, we'll get new numbers for the past weeks very shortly but it's likely short interest has declined on the better commentary. the way to look at this is by the days to cover. how many days of normal trading would it take to cover the shares sold short in a particular company four or five days is typical for many companies in the s&p 500. some like nordstrom and target still have high days to cover indicating some shortage still out there but they're lower than they were earlier in the year. others like macy's had low short interest right now tiffany's is very low as well. that's risen re

there was the inauguration when the first lady wore this blue ralph lauren dress. many said an homage to former first lady jackie onassis. and this. some say it was to counter act democrats supporting the me too movement. white is also used as a symbol of feminism. this is argument pant suit here that she wore with no hea covering during her trip to saudi arabia. and then this look over heres which the white hat that so many people talked about with the visit during the french a presiden messages through clothing. pat and leon. >> now we have the jacket. thank you, eca. >>> a big decision by the supreme court. >> is about your cell phone use. when it means for your privacy in this digital age. >>> some children in our area in classrooms with unlisted teachers. we're not talking about one teacher. close to 1,000 teachers. what the news 4 ieam has uncovered. >> will we ever get to put our umbrellas away? yeah, rain and storms are in the yeah, rain and storms are in the forest for theca woman: it felt great not having hepatitis c. it's like a load i was just excited f

ralph lauren, look at that.lieve is a 3 and a half year high, full disclosure, my daughter works for ralph lauren. raising quarter dividend by 25%, they added a billion for the stock repurchase program. investors like it. 142 on lauren. kohl's, they have a new price target boost, expects them to go to $88 a share, currently at 78. market likes it, that's kohl's. that's serious news out of amazon, live-streaming, let's go back to that ashley. ashley: interesting, we don't know how much they pay for this. we can guaranty it's a pretty penny. they will add about 20 games on prime service in the uk. very interesting development and entity, huge story in europe as you can imagine. but amazon prime has tennis, wimbledon and french open on uk amazon prime, they are take get away big chunks of what you would normally see on broadcasters, they have the nfl in this country, thursday night football on amazon. stuart: big deal. ashley: anything up for grabs because they have the money. stuart: by the way, here is another am

back into the fray that's not what's happening this time this is not like we have seen ceos like ralph laurenthers, mike o'dell step back in howard's done. he wants to do something different, but he's and these days, we conside65 to be young. he's got great energy. and the story is so critical, brian. the way you went through outlining the milestones in his life it is the mythic american dream. you know, every candidate wants to create their aura of a log cabin origins. they want to walk with the common person, show that they're accessible, be charismatic, a great speaker, be hugely successful as a track record back in august of 2015, laying out what trump's images he drew on -- they're all real, t he drew on them howard has all that imagery, but he also lives the life and is the real deal. it'sat t record and muger company than the trump organization many more employees. he's in 75 countries there are almost as many starbucks as there are mcdonald's this is an extraordinary track record -- >> almost as many starbucks as there are people i think at this point, jeff, but point well taken. let

look at ralph lauren, 93 ceo, they get a ceo as soon as they get ceos, it's really good news >> under armour is also cutting expenses in a way that they maybe hadn't done in the past. >> margins >> the mlb no mlb deal. >> not just throwing money at anything >> seem to be way more selective. >> they absolutely are they're focused on where they're spending, what regions they want to spend in terms of really allocating the resources that's really smart. >> new sneakers, what do you think? pretty good, the new technology sneakers >> pretty awesome. >> steph could be the mvp of the finals if it keeps up like this. >> i think so. >> let's get to sue herera with the headlines for us >> hello, everyone here's what's happening at this hour protestsde the supreme court following the court's decision to rule narrowly in favor of a colorado baker who refused to make dding cake for a same-sex couple. the justices voted 7-2 that the colorado civil rights commission violated a lakewood baker's rights under the first amendment. >> in a rare "today" show interview, formeesident bill clinton says the m

. >> first tiffany and ralph return a lauren.hey blew the numbers away and never came back away there's a convertible bond we're looking at a considerable short position 35% of the flow and remember about 35% is owned by gary freedman, the ceo himself. a remarkable conference call saying it came together. dramatic numbers you look for dollar, too, they came in above 33 he's taken the year 634. you can argue he's going to do seven. what i think happens is this, i don't think it comes in. if ralph lauren and tiffany are all the rule, you'll get this and then this and this so you have to be -- if you're short. if you want to be long, i get it it came together for gary. don't forget, he bought -- they bought the actual numbers of shares down from 40 million to 25 million taking the millions he raised in the convertible fund and bought the stock back he told you to get long. he came on mad money and said i'm buying you buy. other than steve winn, i've never anyone say this is the level. it was the level. >> yeah. if the share count is

just mention some of the retail names in particular hit all-time highs today, macy's, kohl's, ralph laurens, tjx is this a bounce has been since last fall. there's a follow-up here the stocks are not particularly expensive. they were beaten down that if they hold roughly earnings levels, they will be okay. >> yeah. >> even if they spend tax cuts on competition as they seem to be there's an allocation trade here look within consumer discretionary, if you own amazon or can't stomach it, media is ugly on the chart. rig right >> it's an extended catc trade. >> great point starbucks, a story related to that, dipping today after the executive chairman, howard schultz, announced he is sitting down andrew sat down with him and here's what he said about the future of starbucks. >> 2018 is not 2008 for starbucks. we are billing a great, enduring company, opening a store in china every 15 hours, up to 3500 stores roasteries opening in new york in september and october the future of the company is bright cyclical changes at timm confident in the long term progress >> joining us now is neil, would you

bulls make money bears make money it has the moment we've seen we've seen it in ralph lauren and tiffany. we saw it with restoration hardware these are revalued on the fly and lululemon. this is along with the rest of them it's going to go up even more. >> look at the retail names that had a huge pop on strength lulu, etsi and kohls until the -- >> when you have the reevaluation of retail, everyone is caught on the roadside. look at restoration hardware should it not be down big today? they source some, you know, they have some chinese exposure the answer is no because everyone shorted everyone meaning the fast money guys are shorted how come the people in orange haven't screamed for this second it's like world cup. i need wolf. >> we'll watch faang today. >> yeah. >> faang comes back later in the day. >> really? >> when you get trade wars you get a slowing of world trade facebook, amazon, netflix. >> adobe is a story you had. down 3%. >> yeah. i mean, look people feel like there was degradation. in the end, a tremendous number of firms raised price targets. this is an e commerce tech mo

. >> it's not about the numbers for tiffany or ralph lauren. those things are just -- they seem laughable a lot of what i do seems laughable. try to find a company that is up hugely like 5 below. who the heck is that we're dealing with global issues here not five below right. am i wrong to focus on canada? and restoration hardware the fact i didn't get -- >> canada goosz benefitted from chinese consumers. you know that. they love it >> they opened two stores. >> yeah. >> they love that label. >> yes, they do. >> but what you seem to be taken by that. the whole world is falling apart. why is that such a focus for you? and nxpi, while you were away -- >> yes. >> i wasn't aware of it or my foent wasn phone wasn't blowing up. >> does he care about the rent a center take out? no he's worried about bigge things. >> what happened on nxp, jim i was on vacation. i didn't make a lot of phone calls. >> i find there were channel checks that indicated that deal was going to happen. >> i think so.>> andhe ubs evid. >> yeah. where they stand now, it's trading

. >>> check out some of these names, ralph lauren and tj maxx. and macy's rebounding more than 20%. what's behind the come back? let's bring in our analysts. simmon, how many of these stocks were you recommending coming into 2018? >> let's go with all of them it is interesting -- when you have the rhetoric of retail dying and you look and everything signals that retail is in trouble and we like to take things too far. when things don't die, what happens to stocks? that list goes on and on there is a lot of stocks up. it is a stock program and where do thing gs go from here there is a lot of distinctions and everything is working. >> i think one of the most surprising on the list, what's going on there >> they clearly invested in values and names and things that are working or things that are not. they think that they were really left for dead in a lot of ways but they found a way to turn it around and just modestly with comps, there is a tremendous amount of operating language from the model and they can do quite well here. >> it was an interesting point in terms of retailers are no

it includes ralph lauren, walmart heir rob walton.y the most expensive was for $52 million. another gto holds the record for the most expensive car sold at auction. it's that car. it fetched $38 million in 2014 now, this particular gto won the tour de france unlike a lot of gtos, it never crashed. hit last sold for $6.5 million. >> that would go for much, much more >> that's the car that just sold for $70 million went for $6.5 million in 2000. so you see the price appreciation here. but dave mcneil, again, a guy who is a big trump donor a guy who believes made in america, employ in america buys ferrari. >> does jay leno have one of those? >> he doesn't. but almost everyone on the list is a thank you. >>> when we come back, the u.s. inching cl ining closer to impog tariffs. >>> and later, apple kicks off its worldwide developers conference what to expect from tim cook and company. "squawk box" will be right back. brain i amazing thing. but as you get older, it naturally begins to change, causing a lackven trouth reca. thankfully, the b

i was trying to -- i have this beautiful linen ralph lauren blazer, i like to advertise it when i canit's so hot out, we decide to go no blazer and then we were having a conversation on whether my next guest should be wearing a blazer or i should be wearing a blazer. >> you had your "worldwide exchange" shirt on, now the "squawk box" shirt later today maybe -- >> no shirt. like the guys behind us. >> like the bathers behind you never mind i'm sorry. you're right >> no. no >> i like the look >> about dinner last night >> yes >> jon bon jovi was at dinner does that count as a work dinner >> yeah. he was at dinner, along with the guy i'm about to interview, who would comment on jon bon jovi. brian lester is here, just by happenstance we were at that working dinner >> it was nice just to confirm, it is hot out here i want to back up what you're saying >> you were telling us you watch the show every day >> i do. >> you like the blazer look? >> i like the blazer look. i saw you wearing the blazer, i thought i should wear a blazer then i realized it was incredibly hot i was going to go with