so anything you want beauty related, you can get at an ulta.sales are declining, people are spending more on skin care, fragrances and that sort of thing. diy, do-it-yourself. >> and dom, they're all saving on gas >> i don't know about you, dom i only wear makeup at work, not at home. >> i probably wear more makeup than my wife does, and that's a sad commentary right there >> john ford, rahel solomon and dom chu in a very active "rapid fire" today. >>> jared joins us next at the pain he sees if congress can't come together on action. >>> frank holland taking your questions on high-flying stocks. we're back in two. jean, did you know geico is now offering an extra 15% credit on car and motorcycle policies? that's great! that's 15% on top of what geico could already save you. so what are you waiting for? john stamos to knit you a scarf? all finished, jean. enjoy! thank you. i give. the stitch work is impeccable. it's just a double fleck pattern with a reverse garter stitch. no big deal. is your hair this soft? softer. geico. save an extra 15% whe

i'm a shopper. >> a buyer of ulta beauty. we are just getting started here on "fast money." here's what's coming up next. >> lighting up the ceo of medical marijuana company cresco labs. plus, the chart that may be sending a major warning sign for the market we'll tell you what it is when "fast money" returns you say that customers make their own rules. let's talk data. only xfinity mobile lets you switch up your wireless data whenever. i accept! 5g, everybody's talking about it. how do i get it? everyone gets 5g with our new data options at no extra cost. that's good. next item: corner offices for everyone. just have to make more corners in this building. chad. your wireless. your rules. only with xfinity mobile. now that's simple, easy, awesome. switch and save up to $400 a year on your wireless bill. plus, get $400 off when you buy the new samsung galaxy note20 ultra 5g. >>> welcome back to "fast money. cannabis company cresco labs making money today for its investors after reporting record revenues for the quarter and the target price was raised at 8 capital. joining us

ulta saw online sales surge more than 200%. karen? >> yeah, i mean good for them.talked about the evolution the last quarter of online and they were able to gear it up i think they're going to try to get their jacksonville distribution center online even quicker to help them be able to do that. i'm really angry at myself with this one we talked about it at 205 august 20 they had weak earnings and it was very clear that ulta would be the beneficiary of the department stores' inefficiency in the makeup space. i'm crying that i do not own any of this. big mistake. kudos to them. >> check out shares of peloton pedaling higher after goldman sachs bumping its target from 8 to 96 saying the homeworkout stock could be way bigger and more profitable than anyone is pricing in guy, you buy into this call? >> yes you know the answer is yes because we've been talking about it forever what's transpired over the last six months has given them tremendous tailwinds they're not going away i know and you know and karen knows that we are peloton people i might ride with them later ton

nordstrom and urban outfitters, we'll talk about them now are either your pick >> what i'm liking is ultaf you think about the department store base and what we've heard from nordstrom the market share shift in beauty is still up for grabs here you have ulta, which is off mall the customer doesn't need to go to the dome of traffic and germs. they can get in and get out. what they are doing effectively is buy online and pick up in store. they are really early in that game so many retailers are saying, our margins are so great you you are going to hear a lot about that and a margin bump for them finally for holiday gifting, it is going to be all about self-care. what better gift to give and their loyalty to shift to online means that their customer online will spend about three times as much as they do in store >> thank you for that. we appreciate it coming up on the show, an abuse of market power. one e commerce player riding a surge of new business since the pandemic is calling out amazon as the gulf braces for laura, why new data from realtor.com could change the flood zone maps forever.

. >>> a few other big movers ulta beauty is up.g higher, or hp let's go to josh lipton with those numbers. >> sara, hp reporting q3 eps of 49 cents versus expectations of 43 cents q4 guidance between 50 and 54 cents on the bottom line street at 50 cents turning to the segmentes personal systems, pcs, up 7% to 10.36 billion. printing 3.93 billion. capital return, about $1 billion in share repurchases in the quarter. i had the chance to speak with hp's ceo about the quarter i asked him about the trends and themes he's seeing in his pc business enrique saying they're seeing very strong demand on the consumer side. he expects the pc demand to continue demand for notebooks and chromebooks for education unprecedented in his words demand is so strong that hp is experiencing supply chain issues we also talk about the printing segment. in that, the supplies revenue. ink and toner, that's his company's profit center. was down about 19% but enrique saying that hp is seeing improvement of supply performance with commercial usage growing. q3 do

now for etf spotlight, retail, ticker xrt one name contributing to today's gains, ulta. a better than expected quarterly profit despite revenue that was shy of forecasts. sales rebounded throughout the quarter as stores reopened and e-commerce sales more than tripled from a year earlier. the stock is slightly negative by 6%. the gain today has been cut in half as we progress throughout the trading day. up 6 .5% we're back in two. ♪ (vo) elevate your senses. the audi a6. get exceptional offers at your local audi dealer. >>> welcome back, everybody. here's your cnbc news update at this hour. the remnants of hurricane laura tearing through arkansas it's still strong enough to rip the roof off of a church and destroy other buildings. >>> japanese prime minister shinzo abe is stepping down due to health issues abe says it is, quote, gut wrenching to leave with so many plans unfinished including the upcoming olympics. >> navalny is in a medically induced coma following a suspected poisoning. >>> and check out this boat. it just started rescuing migrants from boats in trouble i

. >>> not to be outdone, ulta, take a look at the stock. it's up almost 7%. they had a 2 ed200% jump in dig sales as positive trends at reopened stores helped to up the earnings results. it's the makeup, the cosmetics store. i love going there. it's really fun. at least seven firms raising their price targets on shares of the beauty products retailer despite a miss on revenue estimates for them. >>> morgan stanley throwing a flag on the play. they are downgrading draftkings and barstool sports, partner penn national gaming to an equal weight. morgan is warning that investors' expectations have gotten just a little too high given increasing competition in the sports betting sector and the threat that the upcoming nfl season could see cutbacks for a full cancellation. draftkings is down by almost 6% and as you can see, penn national is down more than 2%. >>> now, if those nfl fears weren't enough for you, the fantasy sports world is grappling with game cancellations across the nba, nhl and mlb. the new york mets walking off the field last night in a sign of sup

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. >> there are only two options, sephora and ulta ulta tend to carry the more affordable products, ie that they have salons inside some of their stores, the stock is down 16% year to date i think it presents a good buying opportunity. >> joe, i noticed you told iemg and you've been talking up the emerging markets why did you sell this? >> iemg, scott, that's the emerging market equity, i kept my emerging market debt. if you're going to be allocating towards domestic cyclicals and the value plays where does the money come from? i took some of that money from selling iemg, i also sold donnell knows pizza, two areas that i sold out of i think the emerging market equity storgt might be challenged, longer term there is has been a paradigm shift. >> you sold dominoes, too. >> yes, i did. again, that is part of -- took a little bit out of what has been a growth story my choices really were best buy, nike or dominoes as it relates to consumer oriented businesses, i wanted to stay with nike and best buy, unfortunately i had to seldom knows to raise some capital to purchase some other things,

as usual ulta fender models feature families all wheel drive a center differential and an optional beer at some differential ensure maximum traction on any terrain plus the defender can play out through water with depths of up to 97 beaters with no problem driving off road with this car is really a blast i mean you can tell this car is made for fraud use things like these. screws in the end so that you can see this is wrong. and it tells you i want to go off road use me and you can use it. if i had to choose between a new and old car i always choose the new one this may be a question of age because people alone of a year they tend to like old timers reason being they can relate to these cars and they grew up with them i mean when the 1st then drove or rain troll came out i wasn't even born so maybe that's the reason why i can't relate to all cars and this is why you will still feel me testing a new car. if you do choose a new defender it will set you back at least 49700 euro's. that's enough adventurous for this week see me time on rev. greens. pottery on honeycomb farms that's qatar on

earnings out of ulta. dismal, down were year-over-year. that was better than expected.he company did post a pretty decent profit. $.13 pere estimates of share. the company did find a way to control some of those costs. no firm guidance for the year. the company said they will be challenged. taylor: i love our nicknames for each other. we are like one big family. weaking of one big family, -- i like the bond market. investment grade and high-yield spreads are compressing. a lot of this has to do with the fed trying to ease up some of that credit market. we have been stuck in this range. yesterday, i asked a guest, he said no way are we going down to 400, don't fight the fed. , we talk about the leverage loan default rate. inmbing to about 4.3% august. molly, how are you thinking about these credit markets after jay powell's announcement? >> it seems like green light ahead for credit. this is what everyone was waiting for. we have had a remarkable summer in terms of debt issuance, how they have encouraged this remarkable investing environment. it looks like that will prob

something they have never faced before we love health, wellness and beauty and stocks like p peloton and ultalanet fitness. >> yeah. everybody getting on these zoom calls, you have to invest in your face, right, michael? tell me what's your take on who is best positioned heading into q4, which i imagine is going to be just as crucial as ever >> sure. if we were to pick one name it would be best buy. they really do hit all aspects of the themes that we're seeing in terms of stay, play, earn and learn from home. so we think they're particularly well positioned and think they'll have a very strong back to school as a lot of college kids and youngsters are staying home to learn and are going to need to upgrade their ability to do that as well as his and her home offices and those types of work from home products. really we think it will drive a renewed resurgence in best buy's strengths. i think we saw a little bit of that in the spring but i think we'll see even more this fall. >> i wonder if we get back to schools, back to distance learning and perhaps the second semester actually more people p

shattered everywhere we spoke to our correspondent in tel aviv paula slip but 1st we hear from journalist ultafall not embarrass who has been to the site of the blast for us. well right now we're standing in martyrs square square that house long been a venue for many of the poor form that which happened take place 11 on the past couple months especially after lebanon was gripped with the worst economic crisis it has witnessed in the past 3 decades at least we know that the lebanese lira has lost at least 80 percent of its worth in the last 2 months alone right now in the marchers as you can see behind me demonstrators and activists are collecting donations for people whose homes have been ravaged by the explosion which rocked the capital city bagels yesterday you can see water bottles on the ground food stuff even blankets and clothes and everything that the 300000 now the that now 300000 homeless lebanese are could be in need of also you have a lot of pro-reform demonstrators who are once again demanding that the government take action and they are calling even on politicians in what have lon

warming to a climate change, it will just make them were confirmed to be climate changed and why she ultabring this to me. you cannot win. there must be a broader answer in establishing trust among communities to begin with and also, not so much speaking from one community to another we need to get going within communities and we need to have people speaking in terms of values and language that they understand and somehow the facts should be able to spread that way as well from one self defined group to another, i don't know how we get around that that sort of the take-home, i'm not an expert myself i only report what i hear but what i'm hearing is if we need to be a lot more aware that these people who are denial list we see them -- i know one prominent scientist who has done a lot of work for vaccines and calls his people dismissively because they cannot understand is necessarily quantitative arguments that he makes. that is really the problem i think, there is a lot of that in these dialogues, they're not dialogues, their ledgers, there needs to be more ways to present simple factual e

report online sales up more than 200%, ulta is up 6% on that. demand for pcs, more people working from home, homeschooling, the stock is up 6%, coca-cola offering voluntary buyout, how many and why are they doing this? >> kamala 4000 workers in america they employ a thousand people worldwide, it's a small number, why, their slimming down and they won' want to focus on e fastest growth segment, they will consolidate into nine units instead of 17, killing the zombie brands like juices and smoothies. focusing on the hot items like sparkling water, hard seltzer and everybody say is coming to market in the u.s., it's in a very tough year for coca-cola, the bars are closed, movie theaters are close, stadiums are closed, that's where they sell the bulk of their drinks, now the refocusing, they were doing a before the pandemic but the pandemic accelerated it, stock is up 1.5%. stuart: what is that drink that you said is coming down is not an alcohol drink. >> it's a spiked hard seltzer. stuart: thank you very much indeed. we talk about that a lot, very

ulta, lowe's, urban up almost 20%.s even off the early morning highs. >> bright spots in retail. s&p shares of sales force surging on earnings. >>> plus as hurricane laura bears down on the gulf coast, we'll talk with the ceo of bhp about the impact on the region and the oil sector >>> and the college opening and co-vid what's being done to keep the students, professors and staff safe >> all right we mentioned some of the retail movers today a lot of that is being driven not surprisingly by how much they've been able to leverage e-commerce growth in the case of tick's, comps up 20. that's more than double the estimate e-commerce nearly tripling so investors once again rewarding companies who found a way to do that >> e-commerce is interesting it's accelerated for companies that may not have seen as much e-commerce interest previously now in the pandemic that's come into focus it's also a picture of investors looking at numbers and saying it could have been worse. urban outfitters, every analyst expected the company to

and looking to shares of ulta that have increased earnings doubled more than expected that stock is popping at 14.5% you are watching "squawk box" on cnbc o pretty isn't it? wow. jim could you pop the hood for us? there she is. -turbocharged, right? yes it is. jim, could you uh kick the tires? oh yes. can you change the color inside the car? oh sure. how about blue? that's more cyan but. jump in the back seat, jim. act like my kids. how much longer? -exactly how they sound. it's got massaging seats too, right? oh yeahhhhh. -oh yeahhhhh. visit the mercedes-benz summer event or shop online at participating dealers. get 0% apr financing up to 36 months on select new and certified pre-owned models. coming to the green flag, racing at daytona. they're off... in the kentucky derby. rory mcllroy is a two time champion at east lake. he scores! stanley cup champions. touchdown! only mahomes. expect anything different? the big events are back and xfinity is your home for the return of live sports. >>> we are delivering life-saving therapies and will produce a vaccine before the end of the year or may

. >>> look at ulta. what have we got on that one? we'll do this instead. that there is andrew yang.ts are con today sending condescending to voters. have a look at that one. roll tape. >> democrats have a tendency to have a message out there and then if you don't like the message, well, it's your fault. there is patronizing to a lot of what we say and do. stuart: does very a point? i'm asking democrat strategist, that question coming up shortly. >>> president trump calling for a boycott of the tire-maker goodyear after the company reportedly introduced a new policy showing extreme political bias. pete hegseth fired up about that. he is on the show in the 11:00 hour. california ablaze. the mayor of los angeles threatening to switch off the city's power. what a mess. what a mess. we'll bring you details after this. ta-da! did you know liberty mutual customizes your car insurance so you only pay for what you need? i should get a quote. do it. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ find your get-up-and-go. find pants that aren't sweats. find your friends. fi