ralph lauren deidn't come back. you guys head back to boston coming up. >> i don't know.bulous read. i think his work is really good. we need a good christmas because apparel makers are signaling that it won't. they are all trading down except for columbia sports wear. >> holiday hiring has been rolling over a little bit. some are saying it's because of technology. >> i think so. target is still -- people think target will have a good holiday. there was a downgrade. i think lowe's is involved in a major long term turn. >> closing the stores he needs to. >> it's a tough thing to do. >> you know kohl's has never closed a store >> it never closed a store. >> i buy my nike at kohl's and socks at kohl's. i don't use kohl's cash because i can't figure out how to do it. my wife uses kohl's cash. >> i thought kohl's wouldn't let you get a credit card? >> there were ten people behind us. >> they sent me a box of gold toe socks. i was trying to buy some socks and about $400 worth of other stuff. they denied me credit. >> maybe they looked at your real estate portfolio. >> my real e

being in huge trouble they've gotten the benefit of that it's so case-by-case you can't look at ralph lauren and point to five others and say there's anything going on. >> look, there are people who are saying this will be the best holiday shopping season maybe ever >> it should be. >> ralph just expectations -- >> lifts all boats >> i think ralph is a specific story, though. people got excited with the restructuring. a lot of fast money in the name. it's had a nice run. i think at that point industtapo look at. they lost their ceo but that was a personal situation i've owned kohl's. it's still trading at 14 times ford with a 3% dividend yield and a great new management team. i own under armour and nike. i do expect the holiday season to be very good. >> i'm still freaked out by the lottery story. the only thing i ever find on the floor of my pickup truck is a french fry >> department stores are a source of opportunity whether it's nordstrom's or dillard's. i think there's further momentum they like the experience and the stores are figuring it out and lifting operating margins. >> fastest g

these are ceos who are not afraid to bite the bullet. >> ralph lauren had a good year in the stock it >> maybe today i just think the quarter was good >> matthew boss agrees with me at jp morgan i do like retails. i think it is going to be a good holiday. >> it was not many days ago we saw sonic being bought point. >> we are seeing stocks that are being hated. okay where the market can't resist. buyers come in and say you know what, the market hates that stock too much sonic was hated. i thought sonic is a good company. i like their stuff but it does put a little bit of calories in there. these companies are just so down that people are given up on everybody -- everybody is giving up on convenient quick serve except for the private equity guys it is funny, the private equity guys figuring to a lot of conversation lately involving speculation of take out whether s whether -- although i continue to hear that's still moving forward is a possibility in the next couple of weeks we heard a lot on arconic as a big take out >> you are talking about companies that are not doing well that there

that's ralph lauren. >>> look at square.hey make the device that you plug into the phone so you can swipe credit cards to make a payment. they got an upgrade from citi. the stock is up 3 1/2%. >>> lousy weather putting a bit of a damper on election day, ash. ashley: in some parts of the country. overall it is pretty good out there, especially to the west. in the southeast and northeast it is a bit damp and miserable and a little chilly in the places. according to accuweather, who has done research looking back at previous elections and weather, it can affect turnout up to 20%. they break it out by states. if it is damp and cold in new jersey, that favors republicans we shall see. if it is hot and muggy in florida, less people show out. if the sun is out, 18 to 24-year-olds get out in florida. if you believe any of that, there you have it. it is rainy, it can deter people from voting. stuart: believe this, 36 million people already voted. >> already voted. stuart: it was only 20 million early votes in 2016. ashley: people are

meanwhile, the apparel makers ralph lauren was obliterated nordstrom, william sonoma, they sell a lot of stuff, including a lot of house goods tomorrow could be another tough retail day we see this all the time in housing. here's a group that's been on the business end of the fed's howitzer's for some time bear market is never enough. even though you have to have your head buried in the sand like an ostrich to not know that housing has stocked, these stocks were laid to waste again today. the ceo said there's been a pause in housing in the last five or six weeks, resulting in a year over year decline in orders it was so brutal that home depot was pulled down. that makes home depot a housing play, so its good quarter was the last good quarter, at least according to the late cycle prism. right now there's the only prism that the market cares about. it doesn't matter what a company says any more. cisco reported literally its best quarter since the '90s and the stock went flat after the press release came out the ceo came on the show and explained the positives, which then chased off the

it has names like tiffany and ralph lauren. here is the chart. one thing that is inescapable is basically you have the double top formation. here is also the issue. as this was performing, all of this ascent, it really was never making much progress this way. so is it making you money? or as a proposition, its opportunity costs that are hurting you. here is the more interesting thing. take a look at the relative line. the top is xrt. you can put anything in there versus the s&p. what we know is every single time that the xrt got up to this level it has failed and it failed again and again and again. this is literally what algorithms are all about. there is plenty more to go. it's not good. let's look at a few more. this is the sector itself, actual weight. it's hovering on the line. i'm going to make the bet that we are going to ultimately break the line. the way to figure that out is not look at this but at the equal weight. if we equal weight it it has already happened meaning without the influence of a few large cap performers we have already

canada goose did something that worked wonders for all sorts of consumer facing companies, nike, ralph lauren among others and there's a lot to like in yeti's financials now, okay, i don't like that the revenue growth slowed to 7% in the third quarter but this is a seasonal business so there will be ebbs and flows plus the margin expansion more than made up for it. it's helpful they had a really bad year in 2017 because that helps reset expectations they don't need to knock it out of the park in order to impress wall street. the stock's trading at a high teens multiple based on next year's earnings estimates which are pretty -- i've got to tell you it's pretty darn cheap but on the other hand, yeti hasn't exactly been a portrait of consistency last year they got put through the meat grinder i worry about the private equity firm that owns half the company. less than ideal. we're no longer in the quiet period every single analyst that initiated coverage on yeti today gave it a buy rating morgan stanley thinks it goes to 20 goldman predicting 27. and that's why it surged 2.2%. yeti holdings is f

but also michael cures down i think 1.5% on the heels of ralph lauren even though the earnings were decent. i think people were disappointwood a few things. revenue and same store sales cures in many ways is a similar animal but other ways different and a lot cheaper than ral long that going into tomorrow morning hope it works out. >> are we worried about the same pattern happening touring other parts of earning season where the stocks are up into earnings and then sell off. >> we have seen that before. i think the guidance we get from the retailers with the exception of what we heard from amazon who is the big one, is going to be very, very positive. and again, i've gotten long macy's again a small position in l brands the target crushes this season i go on record saying black friday and cybermonday, all in is going to dwarf last year for this segment of the consumer in isn't luxury. we are talking about middle class. it's on fire. >> you know what's a favorite of the democrat if they take the house. >> minimum wage. it's a headwind for. >> haven't they raised minimum wage. >> but amazon

let's call it a wash back to earnings tuesday morning we hear from ralph lauren and cvs health. i think we'll be superb. lauren's terrific management has been closing underperforming stores while shortening the amount of time it takes for newly designed clothes to shut the shelves. vvs is merging with etd na i'd be a buyer both before and after the quarter. after the close we get results from twilio and etsy, two regular guests on the show that reported blockbuster numbers last time around we visited twilio recently and learned hugh to code it's the engine behind air b and b and etsy is the amazon for all kinds of hand crafted goods. even if there's a big melt down, twilio's stock has more than tripled and etsy has more than doubled this year. lately winners tend to get punished even if their earnings are good if you want to buy either one of these, you wait until after they report wendy's reports too, and the quick verve restaurants have been putting up some fabulous numbers of late. mcdonald's is doing a great job. more on that later i also like wendy's, and i'd be a buyer if

we are seeing tiffany down, ralph lauren down 5% with a host of others.luxury index, 20% halfway through the year now down 5% on the year. that relationship between china and the u.s., the two biggest luxury markets, but bloomberg intelligence says luxury is well-positioned to deal with changing trends. it just may need a confidence boost. >> great breakdown for us. >> the country's finest minister insists populist government budget will remain unchanged after meeting with the euro growth president. >> these days the government is working on a response to the criticism of certain sensitive points of the budget law. the government intends to confirm the main pillars of the budget plan. >> at another high-profile departure as he edges towards the brexit deal. mckee.oined by michael let's kick off with italy. the populist government seems to be preparing to reply to the eu would sit so we don't like your budget deficit targets. >> they could do it on the tv. but the italians don't seem ready to give in yet. they seem to be making a bet on the idea the eu wil

the brand manager over the years -- >> people coming out >> you can go back and turn around of ralph laurensara, can't wait to hear more dow is down 150 right here let's get to rick santelli he's got that. >> it seems to be a distant memory at this point we start to lose a little bit of steam which is not unusual going into the weekend of a fed meeting. whether you are looking to shorten the 10-yr or seven years in bonds, missed bite several based points look at one week of two-yr, it keeps on ending upward we did see a couple of days a bit of a flatten of the curve going into the meeting there are two days of tens down. looking at october 1st of 10-yr, it is not exact but it is darn close to a double top around that three traders are paying close attention to that and trying to defide it over 30 years bond really it had been leading the charts of the lower prices and higher yields. ten-yr note right now, look at the year to date chart of bund, you know where they are on the year they are unchanged that has changed 80 bases points it changed more than doubled the current year of 10-yr bund

michael kors, ralph lauren got ahead of ate few years ago. >> going back to the fact that jet.com saleso we make of that? >> i don't know if that's true all those reports are not primary reports. we're not getting the true sales from these retailers, we're looking at reports if it's true it these do with interaction with walmart.com which is grossly up and where they share infrastructure and vendors. >> so take it with a grain of salt >> yup. >> gentlemen, thanks for joining us jerry storch and simileone -- o my goodness. blond moment. >>> when we come back, elon musk speaks out why he says his company was weeks away from collapse. >>> plus, oil is higher. we'll show it to you in a minute after the tumble we saw on friday it's still down 25% since the start of october arldman's head of commodity resech jeff curry says buy here and he will be with us next >>> we have a halt on gm for news pending there have been various reports out of reuters and the a.p. that the company is considering shuttering a factory in canada, potentially reductions to the north american salaried and executive wo

and they're also going to want to hear a little about tourist trends we heard from ralph lauren last tourist trends inched down a little bit in this current quarter. i think that could be a headwind for some of the companies. that needs to be offset with stronger local demand. >> where do you stand on the likes of walmart and target for example, walmart of course reporting later this week? >> i think what's interesting is the toys "r" us closures, 70% of the store closures overlap with toys "r" us with target. we can have a big benefit from target coming from some of those toy closures they should be able to garner some of those sales. everyone is out there looking to get those sales. i also think walmart's going to have a good quarter too. we heard from them at their investor day a couple weeks ago and the strength that they're seeing falls from supply chain, logistics i think has been enhanced i think the discounters are prepared to take advantage of a skp consumer that's stronger they have more dollars in their wallet and more money to spend. >> dana, what's your sense in terms of

. >> ralph lauren will be calling. >>> welcome back to cbs "this morning."headlines from around the globe. the "los angeles times" reports on a san andreas fault mystery, an area where the so-called big one is feared. in recent months, a muddy spring near the fault close to the sal on the sea has begun moving. it threatens to destroy nearby railroad track, a pipeline and highway. experts say the spring's movement isn't related to any seismic activity. >>> gloomberg reports millennial men are blacking in the work force more than any other demographic group. there are 500,00025 to 34-year-old men working compared to pre-recession levels in 2011. analysts say they lost high-paying jobs after globalization and new technology hilt manufacturing and mining. opioid use is also making many men less employable and more young men say they are in school or training programs trying to get the jobs that are available. >> cbs boston station wbz looks at a study that suggests hot coffee may be healthier than cold brew. thomas jefferson university researchers found hot coff

you can see the diversity, kelloggs, ralph lauren, ppg here's some of the commentary.ys wage inflation is a bit of a wild card we can't overcome that with transaction growth alone that will require some careful timing and place in a menu price increase over at ingersoll rand, the second half has been become increasingly inflationary since we updated in july we are embedding the impacts of additional material and other inflation tariffs, the question is does it lead to greater inflation down the road? >> steve come on over. we want to bring in mark zande, the chief economy at moody's analyti analytics. great to have you with us. >> you guys got to get out of the city that wasn't that bad. >> you see these ticks all the time is this old news >> show it again >> you've got ticks in the suburbs. >> when it comes to inflation, mark, i mean, companies it behooves companies to say these are costs that are rising to sort of sandbag on guidance. what do you believe in terms of what companies are actually seeing in the pike compared to what you're seeing in the data >> this is r

among the stories front and center this morning, earnings out from ralph lauren. $2.26 a share reportedthat stock right now down by 3.4% the labor department will be out with its september jolts report at 10:00 eastern time. similar results are expect eed this time around and under armour will no longer allow employees expense trips to strip clubs. this came from a "wall street journal" article which characterized it as a long standing company practice. the employees received an e-mail this year prohibiting it ceo kevin plank called the story tough to read and said the company can and will do better one thing we should point out, though, is it's not sure how widespread this practice actually was the company did send out a letter earlier this year saying it was not allowed when it came to their attention there had been some reports of this. the company also says, though, that the company does not condone use of adult entertainment for business mr. plank has never conducted business nor used company funds at such venues he doesn't even have a company card so maybe that clears that up on h

jillian: here is a family who served our country for decades, lauren served in vietnam, ralph servedd war ii and vÍctor in world war i rob: impressive, john, veteran who served in world war i and world war ii. thank you for all your service and we will be right back. (chime) - [narrator] meet shark's newest robot vacuum. it powerfully cleans from floors to carpets, even pet hair, with ease, and now for cleaning surfaces above the floor, it comes with a built in shark handheld. one dock, two sharks. the shark ion robot cleaning system. jillian: good morning and welcome back and ballot recount in florida's governor and senate races. rob: took 5 weeks to decide the presidential race between george w. bush and al gore. jillian: next guest played critical role in 2000 recount, brad blakeman joins us now. jillian: we are talking 18 years later, are you surprised that we are still having the issue? >> yeah, i am, outrage after what happened in 2000 we didn't have federal national voting uniform standards. we should be voting the same in federal elections in new york as we do in california o