i'm welcoming the ceo of calvin kline and tommy hilfiger after the market's outstanding close. stay with cramer. looking for balance in your digestive system? try align probiotic. for a non-stop, sweet treat goodness, hold on to your tiara kind of day. get 24/7 digestive support, with align. the #1 doctor recommended probiotic brand. now in kids chewables. >>> just when you thought retail was in really bad shape, along comes pbh, calvin kline and tommy hilfiger. while the stock has been performing pretty well in recent months, rebounding from the mid 80s, to 102 today it's still down from it's highs in october. just about every major department store has been doing pretty poorly to say the least. the company reported $1.35 for share. it's sales came up higher than expected. it's gross margin, the cost of good news sold, and the source of pvh's spring, calvin klein is up 11%, and tommy hilfiger is up 16% overseas. can this international strength offset the domestic weakness? les talk to the ceo and chairman of pvh. congratulations on a terrific, terrific quarter. it looks like t

tommy till i hilfiger fell 4% in international comps fell 14%. switching over to tiffany, this morning the company beat out profits t. comparable sales disappointed there and fell in every regions but europe they pointed to europe and domestic shopper spending in the americas, which is a key region as well as a strong dollar as the negative drag when translating over those foreign shares. tiffany shares have been up more than 20% this year. >> court, thank you, back at headquarters. karen, where do you want to go retail here? >> pvh is very interesting. i don't think particularly high end. so it stand out this trend of european goods is very interesting. it's sales very strong there. north america continues to just be a drag. i don't know when that or if that's going to turn around. that's interesting to me that you must be in europe to find any growth. you want to have growing exposure there. stocks act crazy, interesting to me, also, he would raise guidance, why not sort of. >> let it hang out. >> let it hang out, exactly. >> you know, play con

talk about fashion icons, tommy hilfiger joining us.ell us about the charities that you're representing here the today. >> well, it's -- the charity is called women of tomorrow. we mentor about 4,000 young women per year. mostly high school students and we help them get to a better place in life. we network with them, we give them opportunities, we show them how to look for opportunity. it's a pretty incredible charity. >> we think of the fashion industry as very favorable towards women, certainly an area where women can excel. is that true and do they need more help mentoring them? >> well, i think mostel young people do. so young women in particular, who are thinking of what to do in the future, you need to talk to people who have done it before, people who are experienced and people who could possibly network them into positive experiences. >> you're now with the pvh group. >> that's right. >> that group includes calvin cline. >> that's right. >> so you're with some really big brand names, brand on your level, as well. >> yes. >> wha

you would see all of their calvin klein and tommy hilfiger in the discount channels.nder armour did not control its inventory well. they're like flooding the discount channels. keep them out of the discount channels, don't lower your price points and then some of the numbers were down five in the u.s., they did not get caught and tommy hilfiger, i don't know if you have been to berlin. but i happened to take a place that was next door to the hilfiger store and there was a line when it opened. each morning. a line for tommy hilfiger. and that's -- this is a premium, premium, premium brand in europe. the numbers are extraordinary and the gross margins are great. manny chirico keeps the inventory down in the u.s., has plenty in europe, and i think it's lasting. you have to buy the stock even up here. >> you can forgive investors if they're a bit confused by the retail landscape. >> so hard. >> because this morning here we are talking about very positive things. with the likes of course of best buy. yet, we also spend so much time talking about the decline of the mall. an

could triple their european business with calvin klein and double their business with china with tommy hilfiger. >> the stock has done quite well, it's up 19% year to date by the numbers i see. how much room do you see ahead? >> you have a stock trading at 12, 12.5 times earnings for what we think is a 13% to 15% earnings growth algorithm which could be the next five to eight years. layer on cash flow yield and now they have the balance sheet back to 2.5 times ebitda. potential optionality is this is a platform acquisition model. i just think there's a number of ways to win. numbers are too low, multiples too low. this thing to me has a lot of opportunity from here. >> matt, the lack of a brick and mortar strategy here, the fact that these are names, iconic names as you mentioned. >> brands, not buildings. >> exactly, brands, not buildings. that is the key here to pvh, is it not? because even though, as you say, the growth is going to come from overseas, the calvin klein number, the tommy hilfiger numbers were both down 3% or 4%, maybe even 5% in the yuu.s., bu they're picking it up overseas. >

we got the home of tommy hilfiger. >> this $27.5 million beach gront belongs to hilfiger and his wivdiit's located on a strip of stand in miami gold golden beach. inside of the oh way sis is an explosion of color. from the red movie theater to the red, blue and yellow kids' bedrooms. plus, bathrooms covered in scratch and sniff fruit flavor wall papers. >> this house without a doubt is one of a kind. >> the vintage disco bar was flown in from monaco. in the kitchen there's a t.v. hidden. and the master suite, another t.v. that pops up from under the king size bed. there's a master close set for him and her and each has their very own bathroom. the views inside may be impressive but nothing beat it is view of the ocean. >> such a cool house. tommy and his wife paid $17.3 million for that in 2013, did a huge renovation. he and his wife reportedly just purchased a home in palm beach for $34 million. they're going to nay in florida. he owns the riley hotel so when he's in miami he can stay in his hotel. he's selling one by keeping many others. >> so cool. >>> coming up on a scratch j sniff

but they have the brands, tommy hilfiger, calvin klein.it. >> family mark etets don't worr you for pvh? >> well sales are still up. i think the guys getting hurt are the i goes that bought the discounts from pvh. >> right. >> tiffany reports i believe on wednesday. estimates going up. on one hand, signat not doing well but european dealers doing well. stock is beat each of last eight quarters. >> joshy? >> jpmorgan. in jamie dimon's own words, u.s. economy is $100 trillion by to 20th 2 2025. it is impossible to believe jpmorgan won't thrive as that takes place. >> power lunch starts now. >> live in washington, d.c., welcome everybody. what a week it has been. first up, president trump getting ready to leave this hour for his first overseas trip. will it help reset his agenda or will his troubles follow him? speaking of the trump and gop agenda infrastructure is a big part of it. actually bipartisan. we will speak with two congressman on opposite sides of the aisle about their bipartisan plan to rebuild america. and can't get anything done

pdh corporation, this is the owner of calvin klein and tommy hilfiger, inventory, management, everything'sing on all the right cylinders. and, again, ulta, this is a beauty products maker. this is an all-time high. party city. so really across the board consumer staples, the stuff you need, consumer discretion, the stuff you choose to buy, all of these retailers enjoying substantial gains, and it's been quite a while since we've seen the industry across the board performing so well. liz? liz: lori, thank you very much. dinner and diplomacy right now at this hour in sicily. g7 leaders are arriving in pretty much the past 55-65 minutes for a lavish meal followed by a concert from the la scalia philharmonic orchestra. however, you know how this goes, the dealmaking is in the hallway? also in the past hour white house chief economic adviser gary cohn telling reporters the administration may consider even tougher, not looser sanctions on russia. earlier this morning the president touched down in sicily, and he tweeted, quote: just arrived in italy for the g7. trip has been very successful, we m

when we come back, the stocks to watch including better than expected earnings from the maker of tommy hilfigernd calvin klein. >>> and officials in washington are digging deeper into ties between president trump and russia. now they're getting deutsche bank involved. details when we return. stay tuned, you're watching "worldwide exchange." so you miss the big city? i don't miss much... definitely not the traffic. excuse me, doctor... the genomic data came in. thank you. you can do that kind of analysis? yeah, watson. i can quickly analyze millions of clinical and scientific reports to help you tailor treatment options for the patient's genomic profile. you can do that? even way out here? yes. even way out here. >> good morning. welcome back. yesterday we saw a record close for the s&p. it only gained about a quarter percent. we saw the dow and nasdaq up a fraction more than that. five straight days in a row of gains for the dow. for the most part they have been small gains, but together they have scrubbed out that 2% loss we saw last wednesday. so resilience again, albeit the gains slightly sm

i will round it out with pvh, which is the parent company of calvin klein and tommie hilfiger.ine, earnings of 1.65 compared to $1.60. we've got a slight beat for revenues as well. if you look at the individual brands, calvin klein revenues up 5%, tommie hilfiger revenues up 6%. pvh did raise full year's earnings guidance, still calling out volatility in the macro economic environment but shares up sharply after hours as well. kelly, back to you. >> a big win for brands in this environment. courtney reagan covering retail there. sales force and dell are teaming up on a strategic agreement. ceos marc benioff and michael dell will be here in a couple of minutes to tell us about the deal and how it will impact shareholders and customers. stay with us on "closing bell." , but why don't you just go to thinkorswim's chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders? i know. your brain told my brain before you told my face. mmm, blueberry? tap into the knowledge of other traders on thinkorswim. only at td amer

also pbh corp, owner of tommy hilfiger, calvin klein. guess, burlington coat factory. this is the best day for sears something like two years. shares up 13 1/2%. back to you. melissa: lori, thank you for that. phil, oil tanking after opec agrees to extend production cuts through the first quarter of next year. so what, sell the news? >> it was sell the news and they disappointed market because they teased the traders. never tease traders. they were kind of suggesting just a week ago maybe they could extend these production cuts for 12 months. there was even rumors they could do an additional production cut. when none of that came to prue wigs, this market got hammered, opec paid for it. we were down fivers on the price of oil. if you look at the big picture, is the market overdone? probably is but you don't want to step in front of it. gold broke a two-day losing streak. we have that going for us. melissa: phil thank you. david: stocks continuing to charge higher despite the battle inside the beltway over president trump's budget. it is kicking into overdrive. joining

i know pph went up yesterday and tommy hilfiger business, the earnings.curious, due to them helping boost pbh their association with g3, shouldn't g3 be a good buy. >> no, the linkage hasn't worked for the that is three quarters and disappointed last time they delivered. stick with manny. check matthew boss. maybe 125. to david in washington. david. >> caller: how is it going, cramer. >> oh, man, it's going wild. how about you? >> caller: i'm doing good. sunny here in seattle. nice. >> caller: so my question is about cvi. >> refinery -- i'm not even sure about that yield. it does worry me. when they're north of 9 a red flag and pass on that. jeffrey in california. jeffrey. >> caller: boo-yah. >> boo-yah. >> caller: keep on. twillio. >> jeff boston made 100,000 shares and plead a commitment. i think that's going to be -- not unlike the babe whose contract i guess is for sale. i'll pass on that active opportunity. twilio. phil in new york. phil. >> caller: hi, jim. how are you boo-yah. >> boo-yah, phil. >> caller: thank you, thank you so much for helping th

we'll have tommy hilfiger, regis jackson just walked by and said hello.t day to talk to a lot of wonderful people donating their time to

pvh has come across as being tommy hilfiger and calvin klein boutique brands that really work in europe 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. >> that's vicious. that's not harvard/yale. >> no? >> not harvard/yale. >> no collegiality whatsoever.

if you have been to the tommy hilfiger in europe it's the pinnacle -- pinnacle of like if you go to theiradison avenue it's a killer store. the people wait outbefore it opens. you know, if you want to get into the social life -- >> i did not know that. let's talk about the broader market. you saw stocks right now at least futures not looking for very much. but you're in the midst of the four day winning streak. we erased all the losses from the sell-off last week. one big down day we had. later today, the fed is due to release minutes of the may policy meeting. meantime, moody's downgrading china's credit rating for the first time in almost 30 years. it sees the financial strength of the china's economy eroding some. china and a rise in debt is not a new thesis. they're awash in debt in that country. now they push back vigorously on that. we find a way to actually use the capacity we are creating. we are not just creating idle capacity. >> they do have good reserves so, you know, always -- i was watching the sara/wilf show. >> swilf. >> and sara said she read a note of a noted adviser, th

you can go back in our retail history to when like tommy hilfiger challenged polo.ings that you can do to add customers and i think michael kors challenging coach was a wake-up call. coach is on fire, their new designer is brilliant. >> they have selena gomez too. >> selena gomez. they have a lot going for them. this is a good deal. >> although citi had a note out last week, they said in terms of whether or not coach you can call it a turn around. if we put the turn around label on companies that shrink sales by 30% plus, net income down 50% from the peaks, we'd be labelling many more as turn around stories. is this more a matter of managing really low expectations? >> no, it's not managing expectations at all. it's understanding the retail environment. retail environment as you know is changing rapidly. we have had 14 bankruptcies so far this year and there are probably two more sitting in the i think with us so you have to be able to figure out how to adjust to your new customer and your new customer is 18 to 34-year-old millennial who has their own ideas how to s

. >> i like gigi hadid's tommy hilfiger. she is gorgeous.ing to yell out for people on the red carpet. and there were times when i just shrunk away. >> why? >> people keep walking. >> hey, reese, we're good friends. stoma stop, it's me, jenna. she's like -- >> not to mention, you feel pressure to come back with the goods. people don't understand. you want to come back -- >> you did come back with the goods. >> i came back with some humiliation and some sweat. but it was fun. >> could have had a feather. >> i'm sorry i didn't bring you a feather. >> for you. for your own personal -- >> to put in a strange scrapbook of stalking? >> when you put it that way, that's true. fine. who else did you like? >> i liked riley keough. she is elvis' great granddaughter. look at that dress. i skim through the pictures. ooh, i like that one. and russian supermodel, natasha pauley. >> she talked by. have you ever worn an outfit like that? this is what we call an most people a muffin top. i wouldn't want to highlight this area of me. this is an area -- >> this