this is more of an issue for sally then ulta.s selling beauty supplies to barbers, salon owners. ulta, that is not their usiness. it is a woman coming in to buy her makeup. really see this as an issue for sally beauty than i do for ulta. emily: how much of an opportunity is this for amazon? can they step up? >> amazon is prioritizing high-margin businesses. if you look at this industry, $87 billion in the u.s. every year for this industry, one of the highest margin e-commerce businesses out there. they need brands to be matched p with others. that is why they are going with b2b first to establish that. this is a high-margin business. if they are able to penetrate, it can help profit growth. emily: anthony, is this something amazon can pull off? some makers of beauty products would say amazon's checkout experience is fairly transactional. when you want to buy beauty products, you are looking for more. can amazon deliver the experience of a beauty product, which can get complicated speaking from the perspective of a woman, or will

ulta a gen-z play.mazon and ulta retail doesn't impact them. >> honeywell is up year to date, what is your outlook for the second half of the year? >> been a great stock. trades above a market multiple but sold some businesses this year and what remains is higher growth, better margin and if there is a trade resolution, it's good for honeywell. >> good stuff. >> nothing >> where is jonny o. when you need him, my man >> sometimes you have to give the opportunity to shine >> send in a bonus one >>> the crypto and seema has more >> continuing its climb closing in on 13,000 and now up more than 250%. this year our trader's today scott and jim. scott, i have to start with you. traders have been making sense of this data that shows investors have been building short positions and pairing back their bearish bets still, is that a concern >> oh, it's absolutely a concern. scott mentioned milestones price wise we're near a milestone when it comes to short interest, speculative short interest total open interest i

my question is on ulta beauty. it increased from a year ago but there is risk it may not be able to maintain pace of growth q1 sales declined year over year and there is risk of new entrants do you think ulta's value will take a hit >> thank you for that question the rate of growth -- the rate of growth declined from previous, it didn't decline. it's the rate of rate, second derivatives, like calculus i think they're doing a fantastic job. i think she has a long runway. i'm very close to estee lauder they swear by these guys mary is amazing. i say ulta is good i don't want anybody to sell it. by the way, they have the best loyalty program of any company on earth i like ulta. thank you very much, amanda. >>> yes, sir >> booyah, jim >> booyah. >> my name is todd i teach a bunch of great middle school students in lud low, massachusetts. >> fantastic >> they're looking for a way to make money game stop used to be that way, but with game extremesing coming online now, what are your thoughts [ laughter ] >> and what sugg

such a high margin, but estay lauder and l'oreal i think are places yous stay ulta has traded like onent stock like they keep opening stores and they guess earnings growth? you do not want to compete against amazon i'm a fader. are we still playing that game >> see, we tied it today, fader and hater. up next, final trades. i'm off to college. i'm worried about my parents' retirement. don't worry. voya helps them to and through retirement... dealing with today's expenses ...while helping plan, invest and protect for the future. so they'll be okay? i think they'll be fine. voya. helping you to and through retirement. >>> let's go around the horn, final trades, timmy, you're up first. >> a lot of good chat about transports, everything around that space i think fedex, and as dan pointed out, there's a lot 6 bad news in the stock. i think this is a company that a margin on on valuation i think you can own it here. >> we talked a lot about warning signs, one of which is being gold, we are seeing some people buy the bitcoin because they think there's a occurrencely war. you're going to get ab

. >> i like your point that more than two-thirds of people shopping at ulta own more than two curlingns. there's always, as jim kramer said, there's a bull market somewhere and find this one. where do you find specifically a bull market in the stock market? >> i love the beauty sector. and beauty tends to actually do well even in a recession if you're looking for a recession-proof industry, beauty is it. and then also, particular with ulta, it's been interesting how they've captured not only the millennial market, which we talk about the millennials ad nauseam. i'm tired of talking about them, but also the gen z market is a massive market i think their purchasing power is $44 billion and they're pretty young, right? and only going to get more and more purchasing power and ulta is ripe to take vac of that. >> is a known story. one of the best performers so on a day like today when you're looking at tech and saying, those were the secular growth stories, can we count on them or not? would you look there as well >> i think there's better opportunity and talking about tech, i like to enco

. ♪ ulta: sally beauty and beauty extended losses after amazon announced it launched a beauty store.ly shares scott -- saw a tumble and ulta fell as much as 4.5% for its biggest intraday decline since may 31. evercore isi is taking a stand on the music service spotify. the firm has downgraded the stock to underperform to $110 from $125. an analyst wrote that he simply doesn't see a path by which spotify can generate a level of gross profit demanded by the street. kevin is with us now. kevin, walk us through your argument. kevin: i guess the argument comes down to the question, is there a path for the level of gross profitability that current street estimates are calling for? we see a challenging path. if you look through kind of what the stock has done recently, the move from $120 to $150, we think a lot of that has to do with a degree of confidence in the near-term relief by way of content costs and the ability to drive high revenue ancillary revenue streams. we think the likely outcome of some of those near-term events is going to disappoint investors in a way that will lead shares

beauty store selling to stylers and ulta down nearly 4%.o tyler mathisen for a cnbc news update. >> here is what is happening at the this hour, folks the pilot of the other jet was able to eject and was found alive in a forest. >>> a fire engulfed a sprawling ammunition depot in kazakhstan that forced the evacuation of tens of thousands. about 1,000 police and army troops were sent to the area to maintain order the cause of the fire not clear. >>> the supreme court has struck down a section of federal law that prevents officials from registering trademarks seen as scandalous or immoral. it ruled the century old provision is a constitutional restriction on speech. >>> and italy will host the 2026 winter olympics in milan taking the games to the country for the second time in 20 years. the ioc chose italy over sweden despite a debt-hit economy that faces increasing european scrutiny italy last hosted in 2006. that is a cnbc news update at this hour. >> they seem pretty pleased. that was a huge celebration. >> yes, indeed, it was >> you can sa

so do we anyway, eamon javers is on also taking aim at ulta beauty and sending shares down.sing bell will be right back. . and you should be mad at people who take unnecessary risks. how dare you, he's my emotional support snake. but you're not mad, because you have e*trade, whose tech helps you understand the risk and reward potential on an options trade it's a paste. it's not liquid or a gel. and even explore what-if scenarios. where's gate 87? don't get mad. get e*trade and start trading today. let's check in on individual "market movers". shares of ulta beauty and sally beauty fell after amazon announced the opening of a professional beauty store. amazon is higher bristol-myers is lower after announcing plans to sell psoriasis treatment. and an experimental liver treatment that failed to meet goals of a late stage study. >> this will delay the deal in three or four months given the need for that. essentially have a sale prior to close which they hadn't anticipated. they've phase three drug for psoriasis that is promising but this is a delay. that's why you're seeing weak

boris johnson and his partner kerry simmons early on friday morning neighbors had reported a loud ulta cation involving screaming shouting and banging as well as the sound of plate smashing police say the pair was spoken to but there was no need for any action. with the news out live from london much more still ahead has been a shock result at the cricket world cup and he will have all the action in sport and then. i'm reporting from ne in thailand where i will tell you why the people here use rockets as a way of saying thank you thank. business updates brought to you by qatar airways going places together. business updates brought to you by qatar airways going places together. with andy. thank you so much myron morehouse england have suffered a surprise defeat against sri lanka at the cricket world cup it's a result of patrol and co back in consentual for a semi final spot so helmet reports. there have been few surprises in the cricket world cup so far and it didn't look like this game would provide. england had sri lanka 2 down in just the 3rd over. the sri lanka did recover somewhat

ulta fell 4.4%.wave of outflows from the asset management unit so it is selling more than 300 -- $340 million worth of unweighted private bonds. flashs your business update. romaine: the studio that brought you "the hunger games" and "john wick" is now facing its own existential question. lions gate lost more than half of its market value over the last year and is struggling to find megahits in an increasingly competitive environment. did "the studio that "twilight,"," "john wick." why do they need new megahits? >> if you look at hollywood now, you have these behemoths equivalent to the oil industry with comcast, at&t, and disney that are so much bigger than the rest. lions other end, you have gate, paramount, sony, n.g.o.. they are out weighted in terms of the draw to bring people into the box office. also, the negotiating leverage they had to sell the shows they made. today, netflix, disney, while they make some shows, their priority is on exclusive, original content to win the streaming wars. caro

in emeryville police say 47 year-old lamont a hardman and 29 year-old ciabatta johnson went to the ultastore on. >>every street last night and stole merchandise when employees confronted them, the suspects pulled out knives. police then found them hiding in an encampment. do you recognize this man right here petaluma police say he stole a display rack of cigarettes last night at a texaco station on petaluma boulevard south. the suspect is described as about 25 to 40 years old with a full beard, standing 6 foot one weighing about 200 pounds. police say that he drove away in a red four-door car and if you know who he is call petaluma police. >>along san francisco's embarcadero the bay bridge all lit up tonight. >>the forecast with our meteorologist mabrisa rodriguez. now one more day of the weekend. hopefully it'll be nice and sunny we can get % out and enjoy it. yeah we're going to notice a gradual warming trend so maybe a degree or 2 of warming along the coast and the interior valleys so. >>great weekend outlook, especially far pride parades celebrations tomorrow golden gate bridge righ

shares of ulta after the announcement yesterday. >>> this minnesota cat survived a trip through a washing machine cycle. he sneaked into the laundry when his owner wasn't looking. we've heard of cats getting into washing machines and dryers, but she checked regularly to make sure that the cat wasn't in there. but this time she missed felix. i guess it was in between loads. felix jumped in and actually went through the entire cycle. felix made it out alive. had a little oxygen support. and trying to get back to normal. isn't that crazy? that was a 45 minute cycle. that is a clean cat. >> that would be terrifying though for the owner. >> i had gone to one of the pet chains yesterday and those little black and white cats they say are some of the smartest little cats and there were some jumping around, it is kit send seas -- kit ten season. they were very active. >> and maybe other cats can get out and enjoy the day. >> yeah, they do. we have beautiful weather out there today. looking forward to a nice clear sunrise. and it is still going to be warm in some of our south bay valleys. check out

asked to investigate reports of a domestic incident after a neighbor claimed to have heard a loud ulta cation involving screaming followed by slamming and banging during an interview event in birmingham johnson downplayed the incident saying that the audience wasn't interested in what happened john johnston is a political reporter at politics home and said this incident could affect his campaign what this will do is this is going to raise questions about boris johnson's character that he has been trying very very hard to suppress he has a litany of scandals extramarital affairs love children in his past that he had done well to kind of avoid busy being brought up in this campaign he was pitching him self as now a serious man ready to leave the country and this incident is going to bring this all back up again all those are the top stories this hour that we have more news in about 25 minutes time off to al jazeera world which starts now. that's when i dismount and now go through should almost. include when should i go away i'm alone for almost 4 lal i'm a little to most of the symptoms.

. >> those are the three remember i used to talk about ulta beauty and now it is z z scaler >> did you read orwell >> he actually said "don't be evil." remember that? >> no, not today that should be what they start with, not today satan. david, how is shopify doing? >> excellent etsy and shopify sticking to the man being amazon they're sticking to that >> amazon is really suffering. >> reuters on the tape right now. white house officials still a long way to go on mexican talks. but, if they go well, the president could decide not to move forward with tariffs on monday the mar >> we had a great over sold rally. that will change if mexico is held off and there is progress not just viva or beyond meat >> everything is going to run wild bus yo because your buddy powell is going to cut rate? >> word "buddy" is putting too much polish on their relationship, right? >> i know jay and i know jay's wife very well they're my colleagues. they're terrific >> oh, we didn't get at&t. >> oh, that's just great, david. >> we'll get to it in a moment let's get to the jobs number first and what could be a

american up 5% united up about 4% after industry price increases ulta beauty also seeing an upside onstride. and crowd-strike we've got to talk about it surging nearly 90% this week the same week that it launched its ipo. back over to you >> frank, thank you very much for that slight slippage for that stock but no complaints for the week as a whole certainly may retail sales coming in slightly below forecasts increasing by 0.5% for the month compared to estimates of 0.6% increase >> so for more on what today's data says about the state of retail and the consumer let's bring in gerald storch, ceo of storch advisers, former ceo of hudson's bay and toys "r" us welcome back, gerry. >> great to be here. >> feels like we learned a lot about the consumer this week between the retail sales the sentiment data and the fact that consumer discretionary stocks were actually the top performers >> consumers are still strong. they've been strong throughout this entire period there was a bounce around a little bit even the revisions for the april sales were a full .5 of a point positive revision to th

emeryville police say 47 year-old lamont hartman and 29 year-old serve on and on johnson went to the ultat and stole merchandise from the store when employees confronted them, the suspects pulled out knives. police found the couple hiding in an encampment. this week california set to become the first state to require background checks in order to buy ammunition kron four's capitol bureau reporter ashley zavala looks into this new law. >>starting monday anyone who tries to buy bullets in california must first go through a background check, some of the state's top leaders said tuesday this is another important effort to curb gun violence gun violence devastates not just. >>our communities. it devastates our homes. it devastates our schools. it devastates our workplace. the new law is part of prop 63 which voters approved back in 2016 the measure coincides with the state's requirement for background checks in order to buy guns state leaders say since 1993 background checks lead to 1.3 million denials of gun sales to people prohibited from buying them gun safety laws save lives. >>the extreme

>> ulta chuck billions and trillions of dollars but if the president says we need more stimulus.we needit do any good? i don't know that it will. look at the mortgage market, rates have already fallen ahead of the fed. for the housing market is not taking off. there are structural problems in the housing market. my feeling is the fed needs to reevaluate its tools in the light of what i talked about and also the fact that we have a global currency. when it acts your so much money floating around abroad, so many bonds floating around abroad that it tends, those movements tend to negate the moves. i had an article about this yesterday at marketwatch. my feeling is the fed is out of date as the guys with the real bills doctrine in the 2030s were. these dictate when the economy went down because there is less trade to renew less money. we are starting to have that mentality. that kind of counterproductive mentality over there. the place is literally a seminary. look at, drive past the building, it looks like a seminary. stuart: i find it fascinating the idea that we should take a fresh look