former eight and m executive stephan larson will take over.take a look inside of my terminal, you can see that investors like this in news. a bit of a pop in the afternoon. a 3.5%, this move is on the headline. the president of ralph lauren just stepped down last november. joe: tomorrow we get the employment change, a preview to the jobs report. everyone w >> google is firing back with two new phones. , in for emilyon chang, and this is bloomberg west. creating "gool yo 90," but can they really compete with finance no fine and snapch? a car company

he is being replaced by stephane larson who has been heading up the old the navy brand.he gap is lower because old navy had been the outperforming brand in the gap universe. ralph lauren shares are gaining sharply. take a look at the bloomberg terminal, i'm using the rbc function which looks at the relative value. i sorted the 25 closest companies by revenue and look at them on earnings per share. here is ralph lauren. here's the p or group. you can see that it is lagging its peers in terms of estimated sales growth and earnings. it is expected to have a graph -- drop in earnings growth. you can see it is working better here. estimators -- analysts say this fiscal year should be unchanged. you can see why it might need some change of pace. ralph lauren shares are down 37%. interesting trading that we are seeing here. pymm: thank you very much. i noticed yet something more. , with thegoing to say gem and that has been selected to head that company, is formally from h&m. it is interesting his background in going to ralph lauren which is seen more as a luxury brand. whichms

lauren will be replaced by stephan larson, former president of the old navy, starting in november.larson will report to lauren who will be executive chairman and chief creative officer. the company founded in 1967, made over $7 billion in sales last fiscal year alone but reported a 5 percent drop between june of 2014 and june 205. >>> 6:25. do you have it? the new chip enabled credit card? deadline for upgrading is tomorrow but many consumers still do not have it. new chip enabled card are more secure then magnetic strip card because retailers and card processors don't stored the card data in the system. the problem is updating over a billion debit and credit card, certainly takes sometime. >> i have only been asked one time in austin, to, you know, use a chip card. >> some merchants will not bother with it because they don't necessarily think that it is worth their money, even with the risk of being liable for credit card fraud. >> the system has proved to be effective though, sharp decline in credit card fraud after the chip enabled card were introduced. >>> well, time to put you

the 75-year-old founder stepped down as chief executive and was replaced by stephan larson who headede of his departure. let's talk western digital, up 14.5%. it agreed to buy a 50% stake from the disk drive maker for $92.50 per share. that prizes 33% higher than yesterday's close. in othereing gains disk drive company memory companies. seagate technology is up 6.6% at the moment. you also have a gain in sandisk which makes memory chips, up 5%. fiat/chrysler is up 5%. they may have a public offering as far as friday. the ipo price may be set the week of october 12. advance auto parts is up. stake.ue disclose a 3.7% tom: one more. >> how about rents track? it accepted a takeover offer c fromom score valued at $800 million. the combined company will be a rival to nielsen holdings. up but nielsen is down in early trading. the decline amounts to 1.6%. can you getlse these comments on the markets and clarence clemons? michael: we have to ask tracey holloway. >> no sacks for me. michael: let's talk about something else. we can talk about copper. everybody calls it dr. copper. the dr. is out

stephan larson who heads up the old navy brand is moving over to ralph lauren to succeed ralph laurenimself as the ceo of the company. investors seem to be happy about this. --ph lauren shares down folks are looking for a change. gap is down. old navy has been the outperform or. interesting change their for that company. we are watching advance auto parts, one of the other best performers today, up 12% after starboard said it will be continuing talks with the company. confirming an ownership stake of the company at 3.7%. he wants to help improve the margins. this is the operating margin of advance auto parts. you are looking at a couple of its peers. autozone in orange and o'reilly in yellow. their margins are well above that of advance auto parts. ,hen starboard gets involved everything from darden to other industries, they make things happen. looks like margins is one of the things they are focusing on. paul taubman, his start up pjt partners goes public tomorrow. withs combined his firm the restructuring business of blackstone group. creating a partnership that could be very powerf