i like skechers in the morning. i like skechers in the evening. like it for a two, three-year period. you want to play it for two or three days, get out of my zone. if you're looking for consistency, stick with nike and pepsico. much more mad ahead. yum! brands. what do you do after one of the stoblg's worst days ever? hillary clinton's in famous tweet about stricter rules for drugs. and could have positive twopts out of the company and help turn it around? i'll take a look. of course i'm taking your calls in an electric addition of the lightning round. stick with cramer. >>> tomorrow, kick off the trading day with squawk is on the street. live from post nine at the nyse. >> keeping it in stock. david, i only have two taps. i don't need anymore taps. that is my best seller and it is for a lot of people in this country. >> it all starts at 9:00 a.m. eastern. >>> riddle me this. how the heck does the stock of yum brands, kfc, pizza hut and taco bell, plummet 18% in a single day? how can they destroy so much capital on earnings. i'm surprised the sto

take a look at the decline in skechers. it was the first sales miss for skechers in two years.pany's shares have gained more than 60% year to date, so that is a sharp contrast from what we have seen from retail bond -- broadly. there is concern about higher inventories, especially among -leisure apparel and ath companies. there is some concern that maybe some of these companies have more inventory than they need. because there is so much competition and supply in the sector. i spoke to an analyst to pointed that out. , some of the other department stores that sell some of their products and mass-market retailers are doing poorly. walmart, target, nordstrom taking a hit, down more than 5%. talking about department stores, jcpenney falling sharply after the company said yesterday it would be cutting 300 jobs at its headquarters in plano, texas. finally, under armour, concerns about growth there. the company fell yesterday after it forecast revenue would grow 25%, which is nothing to sneeze at, but lower than analyst expectations. the stock is falling again today, taking the decli

>> that's the difference between this cycle for skechers and the last cycle.e shapeups were only a domestic trend. this time they're a more diversified portfolio and international. china could be a billion dollar market. they think 50% of revenues could come from the u.s. and 50% international. we think that's will be an incremental $1.4 billion to the company which will equate to $10 in earnings in fiscal pe 20. >> you make a point the valuation is a premium but it's worth it. why? >> they're putting up some very strong top line numbers. for tomorrow we're expecting 30% top line which breaks down to about 25% in u.s. and 50% internationally. so it's very hard to find companies with strong top line momentum. and they're also putting some leverage also in their operating expenses which is dropping down to the bottom line. so we think very strong earnings numbers for tomorrow. >> corinna, great to see you. $50 price target. >> thank you very much. let's get a check now on the price of crude oil trading at the nymex. closing in just a about a minute's time and we

. >> what do you think of buying on skechers, remember last year, they were up over 100%, last time i had it, we made money, i am flat right now, not sure what to make of it, under armor before skechers. >> and your thought on pure storage of ipo. >> i think it was disappointed. >> very, it was disappointing it takes time for ipos. >> very crowded space on the cloud side, becareful with the ipo, thank you. >> and u.s. is forced to get tough, but how tough will president obama really get because russia and president has to act we'll be right back. charles: russia, escalating their as attacks in syria. this in conjunction with airstrikes that began a week ago, u.s., we still not doing anything as far as join operations with russia in the region could u.s. navy is prepared to send warships in the disputed territory in the south china sea. they are not recognized as national territoryo. the mission still awaits approval from the president. is president obama ready to make a big move? i'm starting with you christian, because, the news keeps comes, there is no way that white house can conti

>> i got to tell you, i'm concerned about the fourth quarter and listen to the skechers guys. i think it hit a real speed bump. i notice j.c. penneys is holding of nordstrom, if they're hitting all these, macy's kohl's, have you seen these in i don't think it's possible when you see what macy's is doing and kohl's is doing. let's go to john in florida. >> caller: jim, jonathan in key west. they had rlyp, they had approval and we'd love to get your thoughts, man. >> you know, i am still not going i've got so many pharmaceuticals down so low, bristol-myers, a biotech like a biogen, which my charitable trust owns or amgen, i can't go for that, it's not the time. here is positivity. can you use the negativity to your advantage. all you have to do is think outside the wall street think box. i am here to help. players have cisco soaring into the stratosphere, one is really i will reveal it ahead. could it be a sign on the reports? and are diamonds an investors best friend? i got a hidden gem stock you might be missing in this market. so why don't you stick with cramer? >>> don't mis

all right, skechers, looking at shares of skechers right now, shoe company falling as much as 36% today, that is a third of its market value this coming a day after sketcher posted first quarterly sales miss in two years, hurt by the strong daller and weaker sales in the wholesale business. >> i heard a lot about that from companies the strong dollar. we have to talk about their hurricane it is massive, unlike anything in roared history -- recorded history, details from the weather center coming up. melissa: senator rand paul weighs in on his campaign for president, and his competition, donald trump. >> mcdonald's under fire from franchises for adding more menu items, how do they respond? with sweet potato fries. melissa: i don't know about that. >> really? we'll talk about it. you can't breathed. through your nose. suddenly, you're a mouthbreather. well, just put on a breathe right strip which instantly opens your nose up to 38% more than cold medicine alone. shut your mouth and say goodnight mouthbreathers. breathe right technology empowers us it pushes us to go further. special olymp

have you sold your skechers position? >> it's a little expensive. we use a price to sales metric. it has to be below 1.5. it still a little rich in our valuation. so that is a stock that we're waiting for an additional pullback to look at. >> athletic footwear theme. i want to talk about foot locker. recently the stock has had some trouble. you take a look at nike shares. that stock has been on fire. theoretically, what is happening in nike should benefit foot locker. is there a concern that as nike and some of the other brands engage more in direct consumer marketing, encouraging consumers to buy from them, they could be losing out on traffic? >> well, foot locker gets a small portion of the business from the direct to consumer. i think that the foot locker should trade kind of in line what w. what nike does. they get 75% of the apparel from nike. and, you know, i think that it basically fell in line, you know, with skechers and some other underarmor and stuff like. that i think footlocker is a great company. going forward, i look for it to continue to do really well in the same-

not even a new york marathon winner and skechers spokesperson could help but finish over the line.tcher down 31%, reporting disappointing sales after the bell today. brand blamed it on sluggish retail environments and the strong dollar. the favorite blaming whipping boy for a lot of the retail companies. >>> look at streaming service pandora, falling today down 34%, after reporting bigger quarter losses. the company agreed to $90 million settlement over loyalty rights but don't ignore spotify and itunes and apple music. this is all bearing down on pandora right now. >>> steve jobs the movie is hitting theaters nationwide this weekend. the movie made more than 2 million in an early release and is expected to take in 15 million this weekend. fox business got a sneak peek into the movie when actor seth rogen who plays steve wozniak ulntdowh r about it, and i read the script and blew my mind. it's one of the best scripts if not the best script i've read in my entire life, and as a writer it pains me to say that and fills me with rage and jealousy. liz: seth staying away from north kore

skechers not. cloud doing well. >> coming up -- investors throwing in the towel on a crucial group of stocks today. that could spell serious trouble for stocks. we'll explain. >>> that sums up the year some of the best hedge fund managers are having. the names tripping them up. >> one pattern emerging from earnings. it could spell opportunity for one group of stocks. we'll explain. 40% of the streetlights in detroit, at one point, did not work. you had some blocks and you had major thoroughfares and corridors that were just totally pitch black. those things had to change. we wanted to restore our lighting system in the city. you can have the greatest dreams in the world, but unless you can finance those dreams, it doesn't happen. at the time that the bankruptcy filing was done, the public lighting authority had a hard time of finding a bank. citi did not run away from the table like some other bankers did. citi had the strength to help us go to the credit markets and raise the money. it's a brighte

take a look at the action happening in skechers. the shares have been sprinting higher in 2015. today it's literally falling apart. down by 35%. is this an opportunity to get into a hot stock or should you be running away. cramer talks with the company tonight. we're also going to be doing an interview on skechers laters on th in this show. >>> china's rate cut move giving a lift to mining stocks today. newmo newmont, randgold, and bhp all higher. >> it's those companies that are reliant on chinese demand, names like dow chemical, international paper, alcoa also higher. in general the china measures taken today are positive for the industrials and technology names. s&p tech index hitting a fresh 52-week high. it's these two sectors pushing european stocks higher. the dax up over 6% on the week. also fueled by comments from mario draghi. emerging markets seeing a big pop today as well. the rate cuts were announced, seen as a positive, not just for positive but the broader emerging market space. and keep in mind china makes up about 22% of the emerging market etf. in the commodity

alibaba is on there along with skechers which is on the move.looking at alibaba along with other chinese stocks and it also got an upgrade. you can take a look at the other chinese companies listed. alsoresorts which is opening a big resort in macau. there are reported earnings today including procter & gamble. this is the company partial last their ceo. profit did beat estimates and it rose by 31%. real caribbean's numbers had strong momentum in the caribbean and also came out with a positive outlook, saying it next year, volume and pricing both looks good. we are also looking at lexmark today, the printer maker. this usually means a potential sale. the stock is down about 20% this year and lexmark did caution that there is no timetable on the deal but it could happen. the shares are up by 7% today. lululemon is another company we are watching. we heard that their chief operating officer is departing and they are going to create a chief creative officer. there is not a lot of news on the company but if you look at that social media monitor, you

as higher than expected inventories from underarmour and yes a disappointing earnings report from skechers. so let's start with the bull case from credit suisse. even if that bullish thesis doesn't seem to be gaining much traction right now. for starters the analysts like that the recent sell off had taken it down to different levels. then 20% outside if we go back to the target. but since then the stock has gone lower. maybe it makes it cheaper. plus credit suisse points out strong sales momentum and they expect major share in the brand underwear business. up to 10% by the end of the year. why are they so bullish? when they reported at the end of july stock got blasted and management said they plan to double the amount of places they're sold at by the end of 2015. that would be remarkable. it's worth noting that the same that upgraded a couple of weeks ago downgraded a stock at its high from buy to neutral and between the downgrade and upgrade the stock fell more than 5%. in otherwise, this isn't a bull. it makes me think the upgrade has to be taken seriously. we like price sensitive anal

we are looking at the shoemaker skechers as well. stock is plunging after third-quarter estimates missed estimates as well. even though the shares that rise by 27%. a lot of analysts say to buy the stock today. and, strategists -- the luminary ernest -- earnings. -- preliminary earnings. analysts were looking for profits of a percent share. -- eight cents per share. those shares are down $.12. betty: they compare julie hyman, with some of the stocks losing ground. big media companies are looking beyond their shores. vice is planning to launch a dozen channels across europe. also, john malone's liberty global is in talks to expand its reach to panama. alex, let's talk about john malone first. why would he be interested? libertyhn malone's global has been in talks with vodafone to do some talks in europe. recently, they both said publicly the talks are over. it is time for john malone to move on. what is next? betty: latin america. alex: latin america might be next. 7% of current revenue comes from latin america. john malone has looked

turning to skechers we want to focus on this company.a v-very strong performer. but yesterday the company's earnings and most notably its revenue came in below expectations. stock off 30%. year-to-date it was 150%. maker of athletic footwear. finance companies that reported, capital one beating on the bottom line. revenue was flat. state street reporting disappointing results and saying it's making cost-cutting moves. stock down just about 2.5%. we're focusing on consumer discretionary. the best performing sector. getting a lift from this deal talk. you can see it's up a little bit more than half a percent. >> rick santelli at the cme group in chicago. good morning rick. >> good morning. as i look at the calendar it's two months and two days until christmas. but if you're in the equity markets, it's christmas today, santa claus rally really beginning with mario draghi shining up the old aboutbazooka. all stimulus is fungible. what does it mean? doesn't matter what country, liquidity is liquidity and equity markets loyalist. you look at t

skechers also making that kind of commentary. inventories of these retailers have to get rid of, they are not ordering more. it's not getting to them be afraid or other types of intermodal transportation. take a look at the dow jones industrial average versus the transport. the dell performed much better this year, that yellow line down almost 1.5%. transports are down about 12%. if you subscribe to dow theory, which some folks do, they would say that's not a good sign for the u.s. economy. the move seen this lagging performance amongst the transportation stocks. scarlet: the dow transport having its biggest drop since that chinese inspired selloff. julie: it's chinese inspired them, and today it looks like a lot of the woes are u.s. inspired. scarlet: great chart. julie hyman, thank you. we are going to shift gears, because julie mentioned china. these may not be the best of times to open up a grand casino in macau, the former portuguese enclave, because gambling revenue has been plummeting. today, melco crown opens a new $3.2 b

skechers, disappointing earnings. down 30%. stratasys down 20%.look at what we will do next, how the thinking -- is changingscape with richard byrne. stay with us. ♪ stephanie: welcome back to "bloomberg ." we have to talk banks. are seeing stalled revenue growth and big declines and fixed income trading across the board. four major european banks are restructuring. byrne, we have to start with deutsche bank. alumni,eutsche bank like you. de were last the ceo of utsche in america -- i almost word for him. we saw a huge management shakeup. yesterday, an announcement that bonuses are being slashed. who is this bank and who will they be? charge to keep me out of trouble with my former colleagues, but let's start with a bad thing and then a good thing. bad thing, deutsche bank, among others, as the triple crown of having three things they will have to fix. one, their price book. two, their market cap. mostrs, knowledge, but people do not realize the market cap of deutsche bank is $40 billion. people are surprised all many tech startups are bigger

skechers is what you're looking at, they are out with numbers tomorrow.from wolverine earlier in the week, they had negative numbers. what is your outlook? jerod: this is more of a big picture call. reports this morning supported this as well, companies with a lot of international exposure are not having a backorder that investors feared they would have. people worried that weakness in emerging markets in china would hit companies in the third quarter with a lot of international revenue. there are a lot of names with really heavy international exposure that have done well. gm saw robert margins increased and china -- profit margins increase in china. stock where it is today we are looking at 42-44 foot bread. -- spread. it gets you exposure in case the company --? julie: thank you so much. bloomberg market day is next. ♪ reporter: it is noon in new york. welcome to "bloomberg market day." ♪ reporter: from bloomberg headquarters in new york, good afternoon, i'm alix steel. here's what we're watching at this hour. plunging after a report saying the company

when it come to footwear this company, skechers is on fire. they're down 4% so far. take a look at this right here. well, that's a little bit wrong here. anyway, we'll tell what you is going on. an interesting story there developing about what is happening overall with that particular shoe brand. >> thank you very much. where can you find value this earnings season? jewel me is executive director of u.s. strategy at ubs and jeff klinetop from charles schwab. thank you for your time. what do you think of the mid caps? >> it's an often overlooked area. people tend to gravitate to large cap and small cap investing. there is value there. that's why you're seeing the performance. >> if you're looking around the capitalization world, would you go more towards individual stocks instead of focusing on any particular capitalization? >> yes, we're much more focusing on individual stocks. and having catsh on balance sheets and in a rising market in october as we earlier said, one of the best performing months in 2011, you tend to concentrate on the individual stories. >> what a

that's skechers is.miss the numbers, but the stock is a winner this year, it more than doubled since april. even with the move. stuart: another loser, pandora, that surprises me, that's a big loser, look at that, down 38. can you explain this one? what happened? >> so pandora came out and turned out they had to settle music from before 1972. sirius xm did this for over 200 million and now pandora settled with the coalition, sony, columna, warner for the old time songs and cost them 90 million and that's why they're a big loser. below $12. stuart: a drop and a half. >> the bottom line with pandora, the competition is apple. apple has the radio streaming and-- >> i'm not letting any more time go by and we'll discuss apple. it's $53 a share. we've been waiting since 2000 for this. >> a long time. >> now, this is old tech, but it's making a comeback. >> yes. stuart: do you think it's-- is it a valid comeback? is it real? >> not only is it real, it's notable and commendable, this is company that was able to m

also skechers under pressure after the latest sales figures came in well below street estimates.ottom line hurt by higher legal expenses and earnings coming out from whirlpool. quarterly profit of about 16 cents above estimates of $3.45 a share and revenues coming in short of street forecasts and the company cutting the top end of its 2015 earnings outlook mentioning challenges in various emerging markets. >> gnc finds itself in lee fwal hot water. the state of oregon accusing the dietary s'upupplements retailer of putting illegal substances in some products. gnc says the charges are are without merit and it will fight them vigorously. the stock tumbled 15%. >> wall street on the verge of the first four week winning streak of the year. can stocks keep the mojo going after yesterday's 30 plus point gain of the dow? here to break it down phil good morning, thank you for joining us. we have the fed in a couple of days. also the same day as the gop debate. back to school out of the way now but christmas is on the horizon. we have a few weeks until a jobs number as a strategist what i