"the wall street journal" says c vf weak demand in terms of increased competitio shares rose a fraction$19.29. >> time now for the weekly market monitor who has names of stocks he says you may wt t own in an uncertain environment. the last time he was on in august of 2017 he picked valero which is up 71%, and ak serve our which is on up 21% and rootc is 3% higher. >> he is at spectrum management group. welcome back. >> thank you, sue. >> let's start with our picks today and this is master limited partnership fundnd the symbol is amlfpx and its main gye. o you like it? >> i think the energy pipeline companies have been misunderstood for the lastle cof years. so at its essence they're trading at 7.5 times cash flow and it's growing 8 to 13% year and you can get a 7.5% dividend right nowsk you have good underlying growth and that should be growing with price appreciaon over the next several years. >> avery dennison, and i think of avery office supplies and they've gone high tech with the smart labels we have out there and how do you see that as an uncertain environment. it gets that they'v

vf corporation's the north face company is headquartered at bay farm. the announcement caught the mayor of alameda by surprise. >> so i didn't hear from our city staff first. i heard from an employee there. >> at the campus here, the north face, which was founded in san francisco half a century ago. vf's global innovation center, and jansport, which makes bags and back packs. they'll move to denver by 2020. it could mean the loss of 650 jobs here. some alameda residents were not surprised. >> well, it can get cheaper labor somewhere else, no question about that. >> from a business perspective, it makes sense. >> especially since colorado reportedly offered the company $27 million in incentives. there was no way alameda could compete. >> we're a city of about 80,000, right? we're not denver. >> the north face is just the latest bay area business looking for greener pastures. jamba juice moved its headquarters from emeryville to texas. tech giants apple, google and other tech companies have built new operations in other states. oracle's new campus in aust

they're owned by vf. the mayor of alameda was caught by surprise. >> i didn't hear from our city staff first. i heard it from an employee there. >> reporter: at the campus here, the north face, founded in san francisco half a century ago, vf's global innovation center, and jans port, they'll move to denver by 2020. it could mean the loss of 650 jobs here. darrian louie. >> they give their desired management the first option to relocate. and then they'll look at what they want to do with the rest of the employees. they're not mentioning anything right now. >> reporter: some alameda residents were not surprised. >> well, they can get cheaper labor somewhere else, no question about that. >> from a business perspective, it makes sense. >> reporter: especially since colorado reportedly offered the company $27 million in incentives. there was no way alameda could compete. >> we're a city of about 80,000. we're not denver. >> reporter: the north face is just the latest bay area business looking for greener pastu

he came on from vf corp. to making a number of changes, but again, i just don't think it's going to be an overnight turn. >> all right great having you on. >> thanks. >> matthew boss from jpmorgan. got to wrap up >> yeah, they split up >> you want to take a stab at the under armour thing >> i think he's a winner he's back. got better management. much better seasonal >> i don't think people know about the inventory. it's been coming down dramatically they're stale realill hi, but t coming down. >> i'm amazing that dollar general and dollar tree, it's bizarre. >> like burlington go to burlington you can't get in it's like going to a rock concert. not kidding. >> all right we are off and we are running. and here's what else is coming up >> is the pizza overcooked one analyst covering papa john's says the story sure is he says it's time for inves r r to order up. the call of the day is next. plus, big news on tesla and harley davidson. we're debating them both before the break, our data parter ners showed the rus

parent company vf received $27 million in tax incentives from the state of colorado.ge in state history. state information says there will be about 800 people at the new headquarters with an average salary of about $186,000. >> to me, we were very lucky to have them here as long as we did. >> reporter: with the bay area's booming economy, the alameda facility should have little trouble finding new tenants. with a modern facility here on the bay, with a fabulous view of the city. tom vacar, ktvu fox 2 news. >>> now an update tonight on the 6-year-old girl from utah who ordered more than $350 of toys from amazon without her parents' permission. caitlyn was originally allowed to order one barbie doll off the website for her birthday. instead she ordered 10 barbies plus other dolls and toys. the items arrived at the family home in 7 boxes. first the mom was going to return all the toys. but instead, she donated them to the children's hospital where her daughter stayed for a week when she was a baby. as for the barbie, the one she was supposed to buy, her mom ended up lett

parent company vf received $27 million in tax incentives from the second largest such package in statetory. state information says there will be about 800 people at the new headquarters with an average salary of about $186,000. >> to me, we were very lucky to have them here as long as we did. >> reporter: now, many of the laid off employees will very likely be in a situation where they will take a buy-out rather than move. and, of course, this campus is beautiful. it has a gorgeous view of san francisco. and it's right on the bay. tom vacar, ktvu fox 2 news. >> tom, i can't get over that $100,000 there is the equivalent of $214,000 here. >> reporter: well, that's the thing that surprises a lot of people when they go elsewhere. they look at real estate prices and say, wow, for a nice house, you don't have to pay a lot of money. that's the reality of the situation. that's the economy that we live in and that's why it's so brutally difficult for people on middle or lower wages to get by here. it's getting to be impossible. >> tom vacar in alameda tonight, tom, thank you. >>> oakland city

thank you as always. >> take a look at shares of vf corp, making things like lee, wrangler, north facewo companies, one is going to keep the vf name, will sell apparel and footwear dow's up six points, back after this ahoy-hoy. alexander graham bell here... no, no, my number is one, you must want two! two, i say!! like my father before... [telephone ring] like my father before... ahoy-hoy! as long as people talk too loudly on the phone, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car insurance. with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over 200 booking sites... to show you the lowest prices... so you can get the best deal on the right hotel for you. dates, deals, done! tripadvisor. visit tripadvisor.com stop fearing your alarm clock... with new*! zzzquil pure zzzs. a drug-free blend of botanicals with melatonin ...that supports your natural sleep cycle... ...so you can s

. >> and vf corp announcing to potentially split.ill be footwear and other will be its denim businesses >> all i wanted to say is this is about vans. vans have been their hot brand vf corp in its most recent quarter reported growth of more than 12% but denim is actually declining, down 1% so the growth is happening in some of the more athletic brands like vans. they've also got north face, an out doorsy brand, so this is the part of the company where the lee and wrangler jeans are in decline. >> it makes sense to split them up it sounds like there could be some synergies and simplications here >> yes, it sounds like it could be a stock winner for sure yes, if they want to focus, the other chatter out there det could open up to much more mma, look to add brands on both sides. >> but down 3.7% today we've got 33 minutes left of trade. the border markets are low down 71 pointson the dow, 0.3%. the s&p is down 0.2%, nasdaq pretty much flat chemical giant monsanto ordered to pay $22 billion in its weedkiller ruling in the round up spray w

we had a collin to vf corp but have yet to hear back. >> thank you very much for that. still ahead we've got much more on those global flash points they moved markets around the world including here and we've got a top market watcher which lays out inflation data >>> and later facebook spelling out new language to help protect user's money and prevent financial attacks. we'll explain what the changes mean for the social giant. and we'd like to hear from you you can reach out to the show on twitter at cnbc, closing bell, facebook or send us an e-mail. facebook or send us an e-mail. "the closing bell" [music playing] after this break (vo) progress is in the pursuit. audi will cover your first month's lease payment on select models during summer of audi sales the kayak explore tool shows you the places you can fly on your budget. so you can be confident you're getting the most bang for your buck. alo-ha. kayak. search one and done. are you ready to take your then you need xfinity xfi.? a more powerful way to stay connected. it gives you super fast speeds for all your devic

. >> vf rested have the million dollars in tax insentives in colorado. and state information says there will be 800 people at the new headquarters with an average salary of $186,000. >> we were lucky to have them here as long as we did. >> many. the 650 people will probably take a severance package looking for other jobs in an excellent job market. this is a five building campus closs to a -- close to a ferry terminal on the bay with a gorgeous view of san francisco. it won't be long until this is filled up too. >> that's what all the officials in alameda are hoping for. >>> an ingredient found in weed killer has been found in snacks for kids. it was found in cheerios, lucky charms and quaker oats. researchers tested 45 products and all but two were found with the herb side , hush side. >> you've drifted, the where the other farms are spraying their crops about the product. depending on weather patterns it could drift into their farm and get on their foods. >> just last week a jury ordered monsanto to pay $289 million for a former groundskeeper who is dy

the parent company, vf, will reorganize the midst of this -- the business and at that point the headquartersse. these affects jan sport which makes bags at the same alameda location. it is unclear whether anyone will be laid off. the north face company was founded in san francisco in 1956. >>> southwest airlines is tightening the policy on suppor starting next month only one dog or cat will be allowed per passenger to get on southwest a the passengers will have to show a letter from the medical doctor or licensed mental health professional on the day they depart. earlier this year american, delta and united tightened the requirements to bring emotional support animals on planes. >>> the royal caribbean cruise lines will prohibit all emotional support animals on the international ships and it takes effect immediately. if you made reservations before july 30 you can still bring your support animal. the policy does not apply to service animals. other crease lines like the norwegian and carnival do not allow emotional support animals. >>> there is a new study showing k2's are widely accepted in

shares of vf corp.nd new high on reports that the cotton king and apparel giant is exploring strategic options for its denim business which includes big brands lee jeans and wrangler. what does this mean? well, it could mean either a sale or spin-off of the unit. sales of jeans have been slowing in recent years due to the rising popularity of my personal favorite, yoga pants. also now know as leisure. the stock is up about a percent higher. i've worn them on the air, because you only see me from here up. >>> today is perhaps the starkest example of president trump using tariffs and sanctions as way to quickly flex u.s. economic might and muscle. he did so by slapping 50% tariffs on steel made in turkey. his punching had revealed a new chink in the armor when it comes to taking countries on. it slams their currencies almost immediately. at this hour it's the turkish lira which, while that's a three-month picture, if you look at what it's doing today, it has gotten hammered and is at an all-time low again

and although my heart had stopped, i had gone into vf and then cardiac arrest andl gone into vf and then a defibrillator, how easy is it to use? it is easy, i can show you, these are public access defibrillators, this is what the public will come across, and i think the main concern is that they will do more harm than good. there is a big worry that the defibrillator might shock them, when the public might shock them, when the public might not have been able to bind the patient might have a heartbeat, but the defibrillator won't let you shock unless it is needed to. so all you do is switch it on and listen to the prompt and follow it through. call emergency medical services now. aduu call emergency medical services now. adult mode. it reminds you to call emergency services, it shows you where to put the pads on. red clothing is necessary.” where to put the pads on. red clothing is necessary. i will switch it off... you don't need any training, as long as you know where one is. you don't have to be a health care professional to use this, it will guide you through the chain of survival, cp

one will keep the vf name and sell apparel and footwear.he other will operate the jeans and other businesses it expects to affect it through a tax-free spinoff of the unnamed company to be a shareholder. >> mond low he is. mondelez -- >> the various brand out there. >> envious of that name. mondelez is already taken. >> if this doesn't work out, you have a career in branding. >> right corporate renaming. >> corporate renaming. it was a big -- that's a huge business. >> i know. >> charge for the mond lows. >> they didn't pay anyone for mondelez, did they >> i bet they did. i think they had focus groups and surveys. yeah >>> in other corporate news this morning, elliott management will say what's going on is making a big bet on nielsen the "wall street journal" reporting that they have an 8% stake in the tv rating company we got to get close to these guys now elliott wants nielsen to sell itself shares of nielsen higher in early -- >> out of home measurement. >> that's the problem. >> a lot of people watch us out of home. >> homes, bars, gyms

neither one of them post their weekly schedules for the principals vf -- involved, and, you know, i don't expect them to put down every meeting, but they can certainly put down some meetings. i mean, like, for example, yesterday the office of u.s. trade representative met with some colombian officials and put out a press release about it today, one day after the meeting took place. it would be nice to know in advance that they are meeting with somebody from columbia. they simply don't do that for whatever reason. i guess i would say it is a manpower reason, but other administrations have been able to do it. and again, i don't expect every meeting to be put on the schedule, but it would -- it seems like there should be a minimum amount of transparency there. and then right now the nafta negotiations are going on. and in terms of the nafta negotiations, again, you know, there's -- you don't necessarily want to, you know, give your bottom line to reporters, right? i mean, you're trying to negotiate an agreement with another country, and i don't expect them to say, well, this is what we'll re

and lee jeans business to shareholders through the rest of the company will keep the vietnam -- the vfes of genes have slowed in recent years. fell by the most in seven years. the second company bought monsanto and was hit with $283 million in damages over claims the weedkiller roundup calls -- causes cancer. was at odds with the evidence. that is your business flash update. another story that we are watching today is the cfo netflix stepping down at three years in that role, he is 47 years old when he will stay to find a successor. thises in a market mulling over, is there something more already just decided to move on. shery: is there anything sinister going on? some analysts are saying investors should read too much of the exit, they've had tremendous success over the years and that it will -- not be difficult for them to attract a quality cfo. but the next person that takes the helm has to look into the company's cash burn. if you take a look at this chart on the g tv library, you can see that yeah, they have been burning through cash a lot and now they have to compete against

. >> you know that >> we'll go to the spun-off vf outlet malls. >> home goods.o you like home goods >> bed bath & beyond has everything grill equipment. but i agree. those big -- who will order home depot stuff online >> you can't ship lumber through the mail they need that consul take that's a key home depot has been aggressive >> lowe's likely will have a lift today overall things should be going well they have a home depot guy there now as well. is that a threat can they both do well? >> i think the sector is plenty big to have both chains do well. the thing about lowe's next week, the numbers that home depot put up today bode well for lowe's they won't be as good as home depot. i don't know if it's the stock, if it matters right now. everyone is excited about what marvin ellerson will do. >> right >> personally, i never said this to our clients, home depot is the best company here. the best stock is lowe's on the idea that marvin comes in and cleans up these stores >> for the rest of the year. michelle is bearish any way. >> i don't know if i would share tha

the corporate owner vf corp is considering spinning off or selling the two brands as demand for denimin part to the popularity of yoga pants. taking out denim. that is sad. and crocs shuts down last manufacturing plant. this after the company already closed its plants in new mexico and italy. while it's unclear how it will continue to produce its products, the foot wear maker is vowing fans will still be able to buy their sandals as they streamline their business. yoga pants and crocs, the future. ed? just for you. ed: i don't know about the yoga pants. turning to the opioid crisis rocking america. very specific story right here in new york, long island has been hard hit. the numbers are simply staggering. as many as 600 people on long island died last year alone from opioid overdoses. but now one of america's youngest politicians, he's trying to make a difference. he is working to change all that with us now long island's youngest elected official nassau county legislature josh lap is in he joined us last year before he was elect would and now has an update for us. >> good morning go