yvon chouinard is the founder of the billion—dollar outdoors sportswear company patagonia. some of america's biggest mountains. in his own words, he "never wanted to be a businessman" and even encourages his staff to surf and climb whenever they want. in a rare tv interview he told us about the decline of the outdoors sports business and why he's picking a fight with us president donald trump. my my name is yvon chouinard. i am the founder of patagonia. the outdoor industry is not healthy at the moment. it seems that young people arejust moment. it seems that young people are just sitting at home, playing with their electronic devices and watching television. there are less people in the outdoors and when they are climbing, they are doing climbing ina are climbing, they are doing climbing in a soft way. you know, indoor climbing. so the outdoor industry is not very healthy. but we are doing fantastically at patagonia. we are growing, i don't know, between 10% and 20% every year. i think that is because a lot of the millennium generation really ca re of the millennium genera

today, his award—winning material is used by about 100 clothing and sportswear companies around the worldseries, we met up of our busy breakfast series, we met up with him to find out more. wonderful. this is what a lot of people think taiwanese companies must do. many taiwanese companies want to become a global brand. what is your advice to them? coffee being fabric made in taiwan. let's have a quick look at the markets. the trump turmoil continues for the asian financial markets, despite the recovery in us stocks overnight. the nikkei bound by about 11 points and the all 0rds losing 22 points. wall street's indices closing higher overnight, with the dowjones and closing higher overnight, with the dow jones and the closing higher overnight, with the dowjones and the nasdaq in positive territory. thanks so much for investing your time with us. goodbye for now. the top stories this hour: us president donald trump says the decision to appoint a special counsel to investigate russian influence on his election is a witch—hunt against him. a car has ploughed into pedestrians in times square in

the entrance into modest sportswear is being held for its potential to bring more muslim women into sports as she plays for the bradford cobras in the north of england, local leagues allow wearing a hijab, but internationally, basketball governing body does not. she said this is stopping muslims, sikh, and jewish women from playing, so she is calling for the ban to be lifted. >> create role models that are muslims that are in sports for young girls to take them on board and aspire to be like them. we are only seeing negative things. if we create something different than our young girls -- then our young girls can aspire to play sports too or whatever they want to do in life. ♪ >> that will then be, people will see that, then they won't ever see someone coming on the court wearing a job and say, can she even play, does she know what she is doing? so hopefully it will help. reporter: the company launched a line of bertini's moments -- bertini -- bukrinrkinis. these that found that not being able to cover up was holding the back in sports. >> all the new launches that are coming are to encour

. >> jeremy shia runs a yoga sportswear and equipment company. his goal is finding partners to build his brand. the first step? a dialogue. >> political leaders have visions of the day-to-day operations. we need foundations. we need a base of communications to work together to figure out the challenges together. >> attendees say these conversations will be years in the making. but the white house hopes to repair its relationship with china in the shorter term, setting a late july deadline to resolve long-standing trade issues. for "nightly business report," washington. >>> coming up, a look at where the dogs >> i'm kate rogers in baltimore. tonight on "nightly business report" we're going to tell you why nurses are said to have very solid job prospects in the years to come. >>> as we reported last week, the health care sector created more than 35,000 jobs last month. if you look back over the past few years, that number balloons to more than a million jobs. as kate rogers reports from baltimore, demand is especially strong for nurses. >> as a chi

yvon chouinard's love of the outdoors spurned him to create his business — billion—dollar sportswearnted "to be a businessman". mr chouinard is passionate about the environment and explained why he's taking on the us president. over the years, i have given over $80 million away to environmental causes. in the last couple of years, we have given 750,000 dollars to lobby obama to create protected areas. with the stroke of a pen, trump can just negate that, or thinks he can. because of this new administration, we're going to give bigger grants but less of them, and they will go to lawsuits. the way we will deal with trump, i think, is to have a million bees around his head so he can't concentrate on anyone being. we are going to cover our losses. you'd imagine the strongest economy in europe would have great wifi. but germany's digital economy is being damaged by the fact that public wi—fi is still very hard to find. joe miller finds out why. the rules and germany are very confusing and i have never actually heard of anyone being sued for illegal downloads but to make sure, we have got

yvon chouinard is the founder of the billion—dollar outdoors sportswear company patagonia.of some of america's biggest mountains. in his own words, he "never wanted to be a businessman" and even encourages his staff to surf and climb whenever they want. in a rare tv interview he told us about the decline of the outdoors sports business and why he's picking a fight with us president donald trump. you can hear that interview and the other business stories in 20 minutes. we will see you then. let's round—up some of the other stories making news this: —— this hour. the former italian prime minister, matteo renzi, has been re—elected as leader of the governing democratic party. his rivals conceded before all the votes were counted. mr renzi resigned two months ago following a crushing defeat in a referendum on proposed constitutional reforms. former british prime minister tony blair has said he's plunging back into domestic politics in order to fight against brexit. he won't be standing in thejune 8 election, but he said he wanted to build a political movement to shape the polic

no broadcast media were allowed to attend the event in italy which was organised by a sportswear manufacturerrossing the line in two hours 25 seconds. although it‘s the quickest marathon ever run — it won‘t be counted as an official record. the world‘s top riders are at badminton for this year‘s horse trials. but british equestrian success has been in the doldrums recently, with germany cleaning—up the medals. so britain‘s eventing chiefs have struck back, hiring the very man who helped orchestrate the german domination. lizzie greenwood—hughes has been to meet him. for pretty much the whole time, eventing has been a sport, britain has expelled the expected cell in his travel in style test of horsemanship. but as it became more professional, the rest of the world court up and one nation in particular got rather good at it. ironically helped by a yorkshireman. for 16 years, good at it. ironically helped by a yorkshireman. for16 years, chris ba rtle yorkshireman. for16 years, chris bartle commuted from harrowgate to dusseldorf learning german from scratch and hosting them into medal winning mac

the sportswear firm adidas has reported bigger than expected profits for the first three months of thisstrong growth in online sales and in north america where it's battling nike for market share. the demand for products were strong gci’oss the demand for products were strong across the world with the exception of russia. north america did particularly well for the firm. let's talk in more detail about hsbc. europe's biggest bank is listed in hong kong as well as in london. it has big operations in asia and europe, it reported a 90% fall in profits for the first three months of this year. but here is the rub. the chief executive stuart gulliver called the figure is a good set of results. why is that? therefore in profits but they are a good set of results, explain that for us, sarah toms. as you said he is a happy man but it is good news of sorts, although it may not sound like it. although as you said first—quarter profits fell to around 19%, that is just under $5 billion for the first three months of the year. this is much better than analysts expected and hsbc itself says the fall wa

day to wake up in washington as a sportswear. larry: it does not -- sports fan. larry: than this. the two magic words for the capitals, game seven. john? right, we believe. we are rocking the red this morning hitting ready for this huge game seven. coming up we will talk about what the world looks like, what the capitals were like stronger is blasting her tumors... without risking her bones. it's training her good cells... to fight the bad guys. new hope... more fight. it's doing everything in your power... and everything in ours. stronger, is changing even faster than they do. because we don't just want your kids to grow up. we want them to grow up stronger. >> i'm wes johnson. this is slap shot. and it's time for "good morning washington." veronica: i can't get enough of his voice. what a great voice to get you going this morning. we have got some great weather to get you going this morning. sunshine out there, the sun is just coming up with high clouds around the area today,

question, i have been reading article after article after article about these sports products these sportswearcts going toward athl athleisure. like under armour. >> it needs to go down, it needs to generate some serious growth to go higher. i'm knneutral on it. i'm not going to pound the table, i'm not going to tell you to sell it. >> caller: jim, boo-yah, thank you for taking my call. i wonder if you heard the news about the merger between att and time-warner. how do you think that will affect time-warner's stock. >> cha-ching, cha-ching, remember what happened with walgreens and rite ate? i said you had to sell, i have to always keep that on the front burner. stocks could be cheaper than we think, that's what the stocks of sinclaire and coach showed us earlier today. more "mad money," including my conversation with the ceo of newell brands, at a 12% move higher, is it time for you to get to know the stock as well? great news, i did your home work for you. and it could make you some money. plus an all new rapid fire edition of "the lightning round." so stick with cramer. >>> follow the path

and if you scrub beneath the surface, you can see they're one of the most successful sports -- sportswearsingles day for alibaba last november 11, so they're gaining headway. they only have. gerri: what about home depot? >> you can't buy paint and ship it across the country. this is a company that will never be when we come back by amazon. you need the wherewithal, you need the technology prowess of the people that are, like, hey, if you're going to be doing this or that in your house, you want that. gerri: i'll tell you, you need to be able to drive to the home depot to get what you need in the middle of the project that you forgot to get the nail or piece of wood for. >> yeah. or you got the wrong one or you thought something was right, and you want to upgrade. you can't ship paint, there's regulation, so it's such a great store, and they've done it on the -- and one of the reasons they're doing better than lowe's is they have the real estate for the areas they've done a great job in that. so they're the leader in the space. and they're paying a 2.25% direct evidence. gerri: everyone lo

. >> immolation sportswear company has created a handbag.when activated, it lets out smoke and splashes the thief in exit. it also has a gps tracker. it's not available to buy just yet. >> i would love to have one of those. >>> it's a game changing option for mastectomy patients. we tell you about something called reconstruction. >>> right after the break, leslie foster will be introducing the fios gigabit connection with download speeds up to 940 megs that are 20x faster and more powerful than most people have. incredibly, it's $79.99 a month for one year. comcast charges you $89.99 for a triple play that only offers 200 mgs speeds. switch to the most powerful internet at the most revolutionary price. get fios gigabit connection for $79.99 a month and we'll give you tv, hbo for one year and multi-room dvr service for 2 years all with a 2 year agreement. so act fast. go to fiosgigabit.com >>> this cause is so near and dear to our hearts, and that's why we have created a window of hope. with the faces of 70 million -- 70 missing children. ton

they hope to partner with sportswear companies and include it in curtains and bed sheets. >> this iszing. they are talking about other things besides moisture sensitivity. it would flouresce if you are runni running at night. they don't know if you can wash it. >> i have to give a shoutout to max who puts this together. he goes through the articles and figures out, oh, this would be interesting. this is very interesting, but he figured it out based on the title. harnessing the behaviors of genetically attractive microbials to wearables. he thought that would be one for this week. go max. >> right there. all right, max. >> i would have put that in the outbox. thank you both very much. >>> up next, clean lines reflective glass and brimming with innovation. that describes apple products and the company's brand-new california headquarters. we'll take a peek inside. you are watching "cbs this morning" saturday. give your home a head start on summer with huge memorial day savings now at lowe's. like up to 40% off selet appliance special values. plus, get up to 24 months special financing w

columbia sportswear is terrific but even that stock struggled. come across as being tommy hilfiger and calvin klein boutique brands that really work in europe so it's not a u.s. trade. i think it's important because i keep hearing europe is so good, europe is so good. can't fight it. >> what do you make of this bloomberg report that apple is working on an a.i. chip in. >> i saw that. look, that's -- if i was really, if i took it really seriously in nvidia, the maker of the best maker of artificial intelligence chips would be down today and it's not. i hate that talk about the iphone supercycle, that is the kiss of death. we had a supercycle for coal and supercycle for fracking sand and those were talked about at the absolute pop. you have to tamp that down. i talk to tim cook you want to tamp that down. mum's the word, they say nothing but skyworks has done well. broadcom has done well because they are parts suppliers to apple. >> qualcomm hasn't done as well. >> but that's a war. that's brother against brother, david. >> that is a war. question.

the german sportswear maker confirming the outlook saying it expects sales to rise by as much as 13%. group ceo kasper rorsted and i asked him what's driving the growth and the outperformance considering the sluggish performance by under armour and nike. >> we have built a strong pipeline with a very clear -- where we'll take the brains. as you can see, adidas business in u.s. grew 36%. in china 31%. so in the two biggest sports markets in the world we're by far outgrowing the market. i think we have right now the right balance between our sporting products where running is growing 27%. women are growing 25% and then the originals business which is very strong. so it's a mixture of many things that are coming together right now and really outpacing the market. i think we are taking the market share in all the markets we're in right now. >> i wanted to dive deeper into that especially in the u.s. that 30% growth number. nike is still clearly the category leader when it comes to sneakers in the country. how much market share though are you taking from the giant? >> so if you look as i s

to have a broad brush so called reform that puts us at risk for companies like columbia sportswear and sets us up so we will not run -- huge trade deficits for cig nsignificant re loss. and your point could people to have unnatural mergers simply because of the tax code like walmart. we can do better than that. i think the committee can do better than that. >> thank you. >> time has expired. i appreciate the opportunity to have a company be part of this tax reform conversation which i think provides a good component. you know, the primary justification and the special tax breaks for tax products over american products than to keep american businesses and jobs from moving over dcining overse. it has happened in minnesota and across the country. you don't need to convince minnesotans that something needs to be done. we need to make sure it is a destination to build or create a business. this has to be done in a very thoughtful way. i cannot support it as introduced last year in the blueprint. i want to urge this committee to listen, to be educated and today to address concerns as we move

but to have a broad brush so-called reform that puts us at risk for companies like columbia sportswear and sets us up in the future because we are not going to run huge trade deficits in perpetuity for significant revenue loss, it -- and your point about tax changes like this could incent people to have unnatural mergers simply because of the tax code like the aforementioned archer daniel midlands and walmart. we can do better than that and i think the committee can do better with that if we listen carefully to the information like you've presented. >> thank you. awful time is expired. >> thank you, mr. chairman and thank you all for providing very constructive testimony here today. i especially appreciate the opportunity to have a great minnesota company have a part of this tax reform conversation which provides a good component to this discussion. the primary justification for the advocates of border adjustability is to end the special tax breaks for foreign products over american products and to keep american businesses and jobs from moving overseas. and certainly given at the pace