ulta this is the kind of company that is pricing power people that go to ulta are dedicated, loyal shoppers there so they're going to pay up they also are more in demand than just other states and so on ulta, probably another 25% from the current level so ulta provides you with that growth opportunity, with that loyal customer base, with that pricing power. >> i'll let our viewers draw analogies as you talk about these baseball analogies merck, chevron, ulta, thanks for joining me today we appreciate it >> thanks a lot. >> we just got news out of the bond market. it's reopened today with yields to the upside. ten-year note auction top of the hour rick santelli, how did it go >> well, not as aggressive as i thought. i thought it would been an a plus, but a b plus isn't bad, kelly. they really jumped at this and it made sense. we had a big run we moved up to the 1.6 almost without a setback and of course the weak numbers on friday gave pause and investors jumped all over it let's go through the internals the auction yield 1.584. pretty spot on to where it was trading but all the metrics, whet

a buzz kiln the beauty aisle ulta dropping. handing in its worst day since last year.s the stock, if you look where it was september 30th was right around here so it had a big run-up going into it the investor day should have been called lowering the bar because that's what they did they talked about sales growth which was a little disappointing and margins singing 13 to 14%. i think that run-up had people thinking they would make mid teens. but i thought they were sandbagging. this is a new-ish ceo. we talk about how they kitchen sink the first quarter took three or four months but i felt like it was sandbagging i bought a little bit of stock i should have waited three days. i think we will see analysts lower their targets, but i like it i will try to buy more and be a little more patient. that's not the strongest suit by that's my plan wealth is your first big investment. worth is a partner to help share the load. wealth is saving a little extra. worth is knowing it's never too late to start - or too early. ♪ ♪ wealth helps you retire. worth is knowing why. ♪ ♪ princ

this is in the middle of the ulta right now. >> greg: problem solved. hey, if we only had the police there to greet them and help them load the stuff into the stolen truck. yo, sarge, mind grabbing the end of the flat screen. we excuse the criminals who are the real threats, the national school board who represents 90,000 school officials begged joe biden on wednesday upset over upover mask mandates forced upon their kids saying parents should be treated like domestic terrorisms by extremist organizations. yeah, the mom looking out for her kids is the same as a one-eyed monster with a hook for the hand some they implored joe biden to deploy the fbi. they'll probably listen. the teacher's union realizing the worst thing about covid is parents realizing how bad the unions are. and now that parents are taking a more active role from these idiot, they're considered a threat. anyone who disagrees with these sanctimonious self-righteous a-holes are a threat. remember the soldier who spoke up about the afghanistan debacle? he's in the brig. and how about the m

this is in the middle of the ulta right now. >> greg: problem solved. hey, if we only had the police there to greet them and help them load the stuff into the stolen truck. yo, sarge, mind grabbing the end of the flat screen. we excuse the criminals who are the real threats, the national school board who represents 90,000 school officials begged joe biden on wednesday upset over upover mask mandates forced upon their kids saying parents should be treated like domestic terrorisms by extremist organizations. yeah, the mom looking out for her kids is the same as a one-eyed monster with a hook for the hand some they implored joe biden to deploy the fbi. they'll probably listen. the teacher's union realizing the worst thing about covid is parents realizing how bad the unions are. and now that parents are taking a more active role from these idiot, they're considered a threat. anyone who disagrees with these sanctimonious self-righteous a-holes are a threat. remember the soldier who spoke up about the afghanistan debacle? he's in the brig. and how about the m

still, even though we're down here, ulta is still up 41% year-to-date, perspective, children. pen national gaming has the s&p crown at this hour, it's sitting almost at the very top of the index throne after the brokerage started coverage with a buy and a price target of $95, we're at $80.97 and that is a gain today of 4.7%, it expects to gain market share in the sports back and i-gaming segments, and pen, which as you know majority owns star stool sports also announced the completion of its acquisition of score media and gaming. and the bullishness spilling over into other wagering stocks we do at the moment have international game caltech actually, just turned negative, fubo tv was higher by 10%, engine media powering higher by 12.8% right now. >> all right are you ready to attend your first live indoor concert in close to two years? get your tickets here, vivid seats making its nasdaq debut today, the ceo joins us live on his big day to tell us how post-lockdown vivid is standing out in an increasingly crowded marketplace for online tickets, close bell 48 minutes away the d

. >> go on to ulta ulta was not bat david, here, thermo fisher undervalued. abbott a huge blowout. i'm almost done. severe weather air, vaccine no-go, paypal coming back, hall burter bon -- better than expected, and boot barn. 97 to 110 for the boot barn. that made your list of things you wanted to talk about by the way, do we have a -- do we have any time for that? >> our viewers are not billions nair our viewers are trying to make some money. >> boot barn going to a whatever wherever is not -- to cowan. all right. we love cowen. >> let's talk about tudor jones. that was a great interview you can listen to him for quite some time. he's always interesting. he has serious reservations about fed policy, saying, simply, this is not 2013 take a listen. >> if they try to fight the last war and do the taper they did in 2013, well, we're going to go ahead and ease off the pedal for the next six or eight months, well, that's just the wrong policy prescription. we're so different than 2013 2013 commodity prices were down. so to answer your question, we have to watch what this fed does. >> w

astounding company, isn't it also on tuesday, ulta beauty, after spending time at the flagship store in manhattan, wow, the story is still too good to ignore even up here wednesday starts early with results from the semiconductor holdings we know there is a gigantic semiconductor worldwide and you need them to manufacture more of high end chips the technology is so cutting-edge that our government blocks to sell their products to china. if asml gives you insight in how to solve a chip shortage, then we get deeper into when lamb reports. but by the end of the day we should feel like we have a dire situation especially if the people's public of china keeps the rhetoric about taiwan. the largest semiconductor manufacturer is taiwan semi. they delivered a great quarter this week. igniting a chip rally. let's hope china stops pressuring taiwan. also on wednesday, we hear from one that -- abbott labs. an earnings shortfall because they made these fantastic at home covid tests but we thought that we had the pandemic under control. and then delta hit and they've been flying off the shelves.

on the other hand consumer discretion ney, ulta salons says this will do next few years. street said that ain't enough because they priced in so much success. how do we get into the trade, david? a lot of people are have been being talking reopening trade all year long? >> you know, i'm still tilted towards value at this point. you were talking about entainment, so i will give you a place i turned to. viacom is a still a liquid asset but very cheap and getting free call option on the streaming assets. we know streaming content comes at a premium. paramount film libraries probably one of the best on the planet. under 10 times earnings. you're getting streaming asset for nothing. >> stock never recovered from that debacle. i thought it was cheap at 40 bucks. shah, you're not on the growth side per se. something intriguing happened. 10-year yield spiked and the nasdaq spiked, the growth stocks spiked, the big tech names spiked and the same thing is happening today. will we get to the point we can own growth even as yields go higher? >> absolutely. we should continue to own g

and there was also a bit of a reopen trade there was some strength there, if you look at names like ulta, it closed positive on the day. live nation was down very little after a very big run so, you know, we look at the market we look, you know, at the s&p and the dow, the dow was a big down day but it wasn't a big down day, it was a big rotation day. clearly faangs were de-fanged today. high fliers with super high multiples did even worse i am still long facebook, apple, amazon, microsoft, i'm long on all of them except netflix i still like them. i understand why they're down. i still think that they're a value within a market that isn't so value-oriented. i'm sort of inclined to stay with it. i know it's painful. i have this little somewhat of a hedge with igb, the high flyers. i do think that we will see faang do well again. i don't know when. but i'm not a seller here. >> if you were inclined to trade around your positions, is it time to take some money, even if you do like the faangs, is it time to take some money often the table? i got an email today that i thought really encapsula

the labor drought continues their primary concerns or fear of the covid ulta variant, lack of affordablechildcare facilities and concerns about if schools will stay open. one bright note for people with skills in demand. healthy competition for those jobs is now underway. but the back to work situation requires restoring california's devastated small business economy. by last fall, the pandemic had cut the number of small businesses by half and the jobs they supported the number of small businesses in operation the revenues far far below pre pandemic times. bernick says california must create a comprehensive growth environment for all businesses, but especially. small business jobs. mechanics uh, plumbing contracting and everyone has the same problem. everybody complains about the same thing that they just can't find people. failure to return to work actually slows the pace of business recoveries to the point that it can cause them to downsize, creating even more additional layoffs. tom vacar ktvu. fox two news. already the weekend just around the corner. now all have that forecast comin

the labor drought continues their primary concerns or fear of the covid ulta variant, lack of affordableies and concerns about if schools will stay open. one bright note for people with skills in demand. healthy competition for those jobs is now underway. but the back to work situation requires restoring california's devastated small business economy. by last fall, the pandemic had cut the number of small businesses by half. and the jobs they supported a number of small businesses in operation revenues far far below pre pandemic times. bernick says california must create a comprehensive growth environment for all businesses, but especially small business jobs, mechanics. plumbing contracting and everyone has the same problem. everybody complains about the same thing that they just can't find people. failure to return to work actually slows the pace of business recoveries to the point. that it can cause them to downsize, creating even more additional layoffs. tom vacar ktvu, fox two news. a new study shows the majority of working parents say managing childcare is overwhelming. it's a yaho

. >> reporter: amazon, walmart, best buy and ulta, also offering holiday discounts now, on certain itemsy push this year? >> retailers have to be really smart about managing their inventory. retailers are actually incentivizing shoppers to shop early. that way they can get them the items on time. >> reporter: businesses are coping with a perfect storm in global supply chain disruptions. at the most important time of the year for their industry. >> so similar to what we're seeing with amazon and target right now with deal days, where one item will be on sale one day and then the next it will be entirely different. you're still going to see discounting, it's just not going to be the type of discounting that we've seen in the past. >> reporter: with that in mind, here are some expert tips for shoppers this year. buy early. know what you want and act quickly if you see the right item at the right price. deals may be announced based on what the company has in stock. look for cashback offers on your store credit card or your banking credit card if there's a partnership agreement. also worth no

the labor drought continues their primary concerns or fear of the covid ulta variant, lack of affordablechildcare facilities and concerns about if schools will stay open. one bright note for people with skills in demand. healthy competition for those jobs is now underway. but the back to work situation requires restoring california's devastated small business economy. by last fall, the pandemic had cut the number of small businesses by half and the jobs they supported the number of small businesses in operation the revenues far far below pre pandemic times. bernick says california must create a comprehensive growth environment for all businesses, but especially. small business jobs. mechanics uh, plumbing contracting and everyone has the same problem. everybody complains about the same thing that they just can't find people. and consider this failure to return to work actually slows down the pace of business recoveries to the point that it can and may cause them to downsize. and what would that do? create additional layoffs. reporting live from richmond, tom vacar. ktvu fox two news, jul

the labor drought continues their primary concerns or fear of the covid ulta variant, lack of affordableldcare facilities and concerns about if schools will stay open. one bright note for people with skills in demand. healthy competition for those jobs is now underway. but the back to work situation requires restoring california's devastated small business economy. by last fall, the pandemic had cut the number of small businesses by half and the jobs they supported a number of small businesses in operation, the revenues far far below pre pandemic times. bernick says california must create a comprehensive growth environment for all businesses, but especially. small business jobs. mechanics uh, plumbing contracting and everyone has the same problem. everybody complains about the same thing that they just can't find people. failure to return to work actually slows the pace of business recoveries to the point that it can cause them to downsize, creating even more additional layoffs. tom vacar ktvu. fox two news. food service workers at oracle park voted today to ratify in new contract and in

it's always important how they are thinking right now but i know you are dying to talk about ulta >>ltiyear sales and revenue ahead of an investor meeting, laid out their strategic expectation. talked about 3 to 5% growth. not bad numbers, but the market took it as a downturn in what has been an expansion. not as expensive as it was at one time i have a sense that if we are talking about next year, nominal gdp, maybe it will be 7%, 9%, inflation plus real growth so if you are saying 3 to 5% over the next three years, maybe that doesn't sound so great to investors who are expecting the economy to be hotter >> it seemed a little bit of an unwind there was a massive sell-off in the shorter maturities yields going up in two year, three year, five-year notes. but maybe that reassessment in terms of pricing >> i feel like the consensus has changed in the market to where instead of stagflation, higher inflation and higher growth and that's what caused this rally particularly the cyclical group. >> it is a higher metabolism economy that seems like it is going for the next few quarters at lea

ulta beauty down 9% after giving an updated business outlook.to be in talks about perhaps buying pinterest we'll be rig bk. ayitus. htac tv: mount everest, the tallest mountain on the face of the earth. keep dreaming. [coins clinking in jar] ♪ you can get it if you really want it, by jimmy cliff ♪ ♪ [suitcase closing] [gusts of wind] [gusts of wind] [ding] (rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! - [announcer] bito, the first u.s. bitcoin-linked etf. michael myers is the essence of evil. (crowd cheering) - bitothe boogeyman...to! needs to die. if you track michael's victims, it's a straight line to michael's childhood home. [ screaming ] tonight my family will kill him. [ gasps ] [ screaming ] >>> welcome back let's get to our etf spotlight a look at the airlines the ticker there, yeah, it's jets top holdings in the group reporting results before the bell this morning. american airlines is posting a profit thanks to more than $990 million in federal payroll support. by the way, that's not -- it's up 25% year to da

i think they're doing incredibly well ulta doing incredibly well lulu, of course, but the star is crocscrocs has been an incredible stock. i have yet to be a person -- i have yet to meet a person who apologizes for wearing crocs but says they're so comfortable. >> benson hill is celebrating their listing. >> did you see that beyond meat is not a fan favorite of the teenager -- >> interesting >> i thought that was incredible >> you mentioned nike, though. and wedbush does initiate. they think some of these 20% declines take in the supply issues. >> i would love to see some confirmation that nike is not going to end you will being like adidas the chinese government turned on adidas and the numbers are horrendous from china. the chinese government, the support has not abandoned nike it's a very well run company if you want to start buying some, i think you can. i just think we tend to forget -- today we're not worried about what china is doing. but a week ago, is it going -- are they going for estee lauder. >> we were talking about evergrande it's not as though that has receded as an issue

to discuss the state's plan to vaccinate children, and tomorrow the state superintendent will join ultang children vaccinated. >>> southwest is a federal contractor, and the pilots union sued saying the company should not make rules without negotiations with the union first, but a judge disagrees. >>> let's get a look at the forecast. meteorologist, kari hall, is standing by. >> today temperatures are warmer, reaching into the low 70s. we will see the 70s through the end of the week. a storm system passing to the north will bring in more clouds for halloween weekend. we will watch out for more rain by early next week while san francisco and near the coastline will continue to see highs in the low to mid-60s. marcus? >> thanks, kari. >>> we'll have another local news update coming up in 30 minutes. see you back here then. >>> hey, guys. 7:30 now. it's a wednesday morning, october 27th. nice day out here at 30 rockefeller plaza. that powerful nor'easter turned bomb cyclone, though, has been battering a bunch of the region. >> i have no idea what a bomb cyclone is, but it sounds terrible,

growth opportunity that we have as we look at the vehicles that are launching off the ltm platform and ultations. >> mary, you mentioned chip prices and mentioned it's improving this quarter, but it's going to linger threattat leasth the first part of next year maybe the entire next year you know the narrative people look at what happened with tesla saying they were able to increase production, wasn't hit to the same degree as other automakers, but the narrative is, elon musk can get it done. gm and others cannot when you hear that narrative, what do you think? >> well, i think that the complexity of the semiconductors is something people really don't understand until you dive into it deeply, and if a speck facility that produces a lot of your semiconductors is hit like we saw in malaysia with covid, first we're going to look at the safety of the workforce and making sure they have the right safety protocols in place before they start operations again. so i think it's a bit more complex than everyone's looking at it, but we are seeing stronger supply in fourth quarter. we'll see stronger su