you have nike and lululemon on there. i've covered both of these companies and the quarters they have just put up amazing to see double digit revenue growth for retailers but hasn't that already been factored into the market these are both trading at very high valuations. >> you would think so. those two stocks have had a massive run. if you think about, first of all, nike. what are they doing? most of retail brands are talking about lower sales but higher margins because inventories are so low so they're selling full price nike, on the other hand, is talking about double digit revenue growth and higher margins because they are culling their wholesale channel that is usually highly promotional and taking charge of their business. so, i think for them there is a huge opportunity and i think this is likely a $200 stock by the end of 2021. on lululemon, you and i talked -- sorry, go ahead. >> so, you and i - >> go ahead, lulu.

it's been a great year for nike. you know, like so many, they come out of this better based upon trends that were in place. >> all right coming up on "options action," the last one of the year, counting down to christmas with stocking sffs tueryou might want to add to your portfolio, but we've got your final trade stay there olivia please turn your screen on. okay, lift the... there you go. mondays remote, tuesdays at school... it's the other way around. we might not be able to solve everything. but we can help make sure students and teachers can stay connected to learning. it's why at&t has connected more than 200 million students to brighter futures. (m♪ ic) >>> time for the final trade let's go around the horn tim seymour. >> let's continue with nike and, again, the app engagement up 80% year over year through know. i think this story continues to be very robust, even at a high valuation. >> cate faddis. >> lower on microsoft news i'm buying texas instruments. >> karen finerman. >> yeah, so i bought some morgan

definitely, nike has about 26% of the global sports industry. health that they have seen is notably in china where the sales are up 24%. for the rest of the globe, we activewear ase consumers and shoppers continued to have and live healthier lives given the virus? one thing that jumped out at me was the inventory numbers. it seemed that they dealt with that to an extent. yes, i think the inventory problem is solved. we like to see inventory be in line or below sales. we believe that the inventory concern is over. they actually saw 90 basis .oints there's a possible gross margin expansion. youline: what else are looking for on the call? i'm looking to see how the holiday sales worked. we wonder if there are shipping bottlenecks we need to be concerned about. we would like to hear more about cybers' day and how monday went. really how the holiday sales went. joe: all right. coming up, new details about a suspected russian hack. this is bloomberg. romaine: all right, welcome back to "what'd you miss?" for the rest the show we will focus on dislocat

nike about to report earnings, the pandemic spawning a new running boom, it is not nike but brooks running. tim weber sharing his plans past nike. that is coming up. the fox business alert house majority leader steny hoyer in the last 38 minutes told members to keep their schedules free through sunday and possibly next week to finalize coronavirus relief and government funding. we have a 5:00 p.m. deadline for the next step on a funding bill to avoid a government shutdown and of course in fewer than nine hours the statutory funding to run the government goes dry. to blake burman at the white house with the latest. >> it's remarkable what you laid out on the one hand were talking about the federal government potentially shutting down and on the other a 900 billion-dollar deal that they are trying to put together at this point and both of those can go together with each other which is why you have a ton of uncertainty in washington right now, i'll start something you and i were talking about 24 hours ago. that is the debate to set up credit lending facilities. that still appears to be a stic

remember nike is a little more than a third of total sales come from digital for nike. i will continue to comb through the report costs went down %. a big part of the earnings beat. they don't have to spend as much not as much travel, not as much sports going on. they didn't have the olympics that should ramp up next year. the stock up 4.5% after hours. mike santoli, i don't know if you are still with us. >> yep. >> this is a stock that was already at a record high, up almost 40% this year looks like a blowout report. most analysts who were already in love with this stock -- more than they expected it shows you can make it to the other side this crisis. >> the street believes this is sustainable. the stock was down a couple% today. it has regained that and more to an all-time high in after-hours. $144 this company trades at 40 times forward earnings that is far and away above any time of its history unless you go back to when it was a young small fast growing company clearly, the street is this is a sass play. disvery few companies like that, disney based on its digital

nike is facing a backlash in japan over commercial pilots racial discrimination in the country the 2 minute hand that has been shared widely on social media and some users are calling for a boycott of the company rob mcbride has more. the video features 3 teenagers who face bullying at school but overcome discrimination through sport. 2 of the girls are from racial minority groups and for some the ad wrongly portrays japanise prejudiced online criticism accuses nike of creating a false impression of japan from another critic the one that's prejudiced is nike while others have promised i won't buy nike ever again i think that they see the as be unnecessarily negative towards and then i think you have an older demographic it more male who are against one of the featured teenagers belongs to japan's ethnically korean community mainly a legacy from japan's colonial period when it ruled over the korean peninsula touching on the troubled relationship between the 2 neighbors always rekindles old animosities especially for the older generation but for younger people in japan there seems to b

cowen both raising targets stephanie link loves nike, hasn't taken any profits in nike right? >> haven't taken any profits in nick nike it's up 30% year to date and it's not cheap it's a quality comipounder, nthy have terrific products and they're kicking everybody's buck i think you'll see operating leverage i'm going to stick with it, stay patient with it and just hope they can continue to execute like they have been. >> you echo what morgan stanley is saying about the digital transformation that's a big crux of the story, maybe pulled forward a bit because of the pandemic but a huge growth opportunity, right >> it is it's 30% of total revenues but the margins are 10% higher than a brick and mortar store, if you will that's why it's so accretive if they just got that to 40, 50%, you're looking at earnings power to this company. you doesn't wan't want to get o not at this level. >> forward pe 45 is that high for you >> it's very high. very high. >> i had to do a double take i did a double take. is that right? 45 1/2 is that right? >> it is, it is. let's look at earnings power

sets these kind of geographic limits and as you said those geographic limits capital so i didas are nike or h. and m. can't just find geographic ways to put to increase profits and put downward pressure on suppliers and workers so as that happens smaller firms go out of business bigger firms become bigger. and as that happens that bottleneck that you don't like it is used to put pressure on these firms becomes looser and looser because there's fewer and fewer people competing and that that opens up the possibility for workers to potentially make demands at the point of rushing we're already seeing that in certain parts of the sec i should say out of as and nike oversea deny any switch involvement in their a supply chain but you mentioned china there you talk about the fact that china has seen more wildcat strikes in any other country in the world we don't hear about this there are workers fighting for rights in these factories every day if you look at china because the state doesn't necessarily sanction. you know the ability for works to withdraw their labor power in the same kinds of wa

of creating a false impression of japan from another critic the one that's prejudiced is nike while others have promised i won't buy nike ever again i think that they see the as be unnecessarily negative towards and and i think you have an older demographic it more male who are against one of the featured teenagers belongs to japan's ethnically korean community mainly a legacy from japan's colonial period when it ruled over the korean peninsula touching on the troubled relationship between the 2 neighbors always rekindles old animosities especially for the older generation but for younger people in japan there seems to be a greater acceptance of diversity with sports leading the way the success of japan's multi racial rugby team in last year's rugby world cup was widely celebrated and the emergence of biracial tennis star nyoman osaka who is featured in the ad is having a profound impact the images experiences that are projected in the ad you know i think resonate with young japanese over the summer we had black lives matters marches here japan is served drug lead and zigzaggy towar

of creating a false impression of japan from another critic the one that's prejudiced is nike while others have promised i won't buy nike ever again i think that they see the as be unnecessarily negative towards and and i think you have an older demographic it more male who are against one of the featured teenagers belongs to japan's ethnically korean community mainly a legacy from japan's colonial period when it ruled over the korean peninsula touching on the troubled relationship between the 2 neighbors always rekindles old animosities especially for the older generation but for younger people in japan there seems to be a greater acceptance of diversity with sport leading the way the success of japan's multi racial rugby team in last year's rugby world cup was widely celebrated and the emergence of bi racial tennis star nyoman osaka who is featured in the ad is having a profound impact on the images perience says that her project in the end you know i think resonate with young japanese over the summer we had black lives matters marches here japan is served leads exactly towards gr

others have promised i won't buy nike ever again i think that they see the as . a necessarily negative towards and and i think you have an older demographic it more male who are against this one of the featured teenagers belongs to japan's ethnically korean community mainly a legacy from japan's colonial period when it ruled over the korean peninsula touching on the troubled relationship between the 2 neighbors always rekindles all the name all cities especially for the older generation but for younger people in japan there seems to be a greater acceptance of diversity with sports leading the way the success of japan's multi racial rugby team in last year's rugby world cup was widely celebrated and the emergence of biracial tennis star nyoman osaka who is featured in the ad is having a profound impact the images experiences that are project in the air you know i think resonate with young japanese over the summer we had black lives matters march is here japan is served lean and zigzaggy towards greater tolerance and diversity but of course there are people are not

holiday, here comes the closing bell well off the lows still in the red on this friday, stay tuned nike earnings on deck. connell: an interesting day, we hit record highs not able to hold onto the record highs, that's the story with stocks down on the day and investors are watching "after the bell" for development into areas we will be all over both of them, were waiting on congress to pass the stimulus bill and avoid a government shutdown at midnight tonight in the second big thing to watch out for is the fda to sign off on my moderna covid-19 vaccine for emergency use, we will watch both of those issues at the close off the lows but still down by 115 points on they're down, the s&p and nasdaq lower as well, all three earlier in the session hit all-time highs and they pulled back from that, we had volatility heading into the close with the contracts expiring to the point trading volume into the close, take a look at tesla today whose heavy volume on that stock throughout the day in particular into the close does it end up higher, it was up and down and all over the place and tesla is e

, the fed announced the banks could resume buy backs and jp morgan which is nike - nike -- $30 billion. this could be huge we don't haves any major earnings we could have a couple of pretty informative. first, we hear from carmax that could give us on the red hot automarket the only alternative is a car. of course carmax stock has been a range bound ever since we started getting the positive vaccines the home builders have been roaring. that's essentially the same story. people moving from the city to the suburbs. second we get results from cintas if cintas is doing well, that means small and medium size businesses are holding up better than we think. finally paychex, they are importa important. paychex has a flock of smal small/medium size customers. short term it tends to be -- the man from fed heaven to the banks, this whole thing feels like too good to be true tesla seems like a fairy tale. the bottom line is tesla isra is real. the border rally isra real, too even if this market givers you vertigo. the believers had been running circles around the skeptics for months and months. i

here is -- nike. global markets sooned in the last 12 hours or so. this inversion new version of covid-19 spreading through london rapidly. there were jarring images of londoners attempting to flee the city with cars, on buses with luggage. number of people and nations barring londoners and other british citizens from entering their country, rekindling the sort of anxiety faded away as vaccine distribution had begun around the world. we'll hear from dr. marc siegel in a few moments on the risk of this new mutated version. first major indices off the worst levels of the session as

that would be thanks to the banks and nike, which is leading the way, up more than 5% and also hitting a record high also a number of retail stocks have made a faelt l stealth come back in the last three months. pen a last month stimulus deal ho boost retail sales? more power lunch" straight ahead. in a land not so far away, people are saving hundreds on the most reliable network with xfinity mobile. they can choose from the latest phones or bring their own. and because they get nationwide 5g at no extra cost, they live happily ever after. again! again! your wireless. your rules. your way to stay closer together this holiday season. switch and save up to $400 a year on your wireless bill. and get $150 off when you buy a samsung a series phone. learn more at xfinitymobile.com. >>> welcome back, everybody. retailers like macy's, kohl's, nordstrom,despite virus worrie and will the last minute $600 checks that are going out supposedly as soon as next week help with the holiday spending joining me now is terry lundgren, former chairman and ce of macy's. as you assess where the consumer is r

just like the broader market today, nike did hit a record high before reversing ahead of its earnings report after the bell investors looking for signs that e-commerci e-commerce has paid off. it's spell there l lee-doh, lik play-doh >> that brand is thriving and surviving, even in this pandemic the investment they made into e-commerce really paid off you saw some digital sales up 80%. this is good for nike all around they're still taking their punches with the rest of the market their clothing and their equipment sales are down still quite a bit and analysts are still expecting that the numbers are going to be down but the expectation is that they're going to survive through this. >> all right, craig, let's go to you. you tell us what the stock activity suggests to you from a technical point. >> tyler, i'll tell you my kids have the same issue as yours they all want to wear nike suess and everything el -- shoes and every else you're still making a nice series are higher highs and they've retested the up trend support lines and continues to make new highs any time since 2000 they've b

that was nike. tesla.xt, looking at this is bloomberg. ♪ vonnie: on his first day of trading as an s&p 500 company, tesla is retracing gains made on friday when millions of shares were purchased by funds managers. joining us is bob sloan. welcome and thank you for joining. it has been a great year for tesla shareholders, but those shorts must be pretty glum at the end of this year. we have seen a massive amount of short covering. so talk to us about short position wise relative to the beginning of the year with tesla. bob: we have seen a lot of short recovering. we have probably seen 62% of the shorts actually cover year to date, but the stock has gone on such a tear that the value of the shorts remaining is still quite high. 35 plus billion dollars. shorts though 62% of the covered, the value remaining remains very high. vonnie: when throughout the year did we see the frenzy? were there points throughout the year when shorts were desperate to cover because it looked like the price was going to go

i love the story of nike, actually nike prior to covid been building an app using twilio flex to enable their sales people, to communicate with the digital customers on the website. hey, these athletes have so much product knowledge, they can help customers not only walk to our front doors but find the right products for them. covid hits and they had to shut all of those fiscphysical storeo a while. nike became digital over night to see ecommerce acceleration at scale is a one way track ecommerce is going to be accelerated now. >> if you look at the nike's conference call, it is rather amazing wonder of the world. the real wonder is what you are doing with health kitchen and i am going to tell everyone, i want everyone to tell everybody about this this solves two problems, more importantly the people that can't eat. jeff lawson, chairman and ceo of twilio at an all time high today. thank you very much for everything you are doing >> thank you, jim. >> "mad money" is back after the break. for skin that never holds you back don't settle for silver #1 for diabetic dry skin* #1 for psoriasi

of creating a false impression of japan from another critic the one that's prejudiced is nike while others have promised i won't buy nike ever again i think that they see the as the unnecessarily negative towards and and i think you have an older demographic it more male who are against one of the featured teenagers belongs to japan's ethnically korean community mainly a legacy from japan's colonial period when it ruled over the korean peninsula touching on the troubled relationship between the 2 neighbors always rekindles old animosities especially for the older generation but for younger people in japan there seems to be a greater acceptance of diversity with sports leading the way the success of japan's multi racial rugby team in last year's rugby world cup was widely celebrated and the emergence of biracial tennis star nyoman osaka who is featured in the ad is having a profound impact the images experiences that are project in the air you know i think resonate with young japanese over the summer we had black lives matters marches here japan is served leading towards greater tole

let's buy some nike. >> identify got microsoft buy today at bank of america, i've got salesforce. >> love. >> buy today that's the top pick at bank of america. i've got apple's target raised to 144 from morgan stanley i have exxon upgraded. i know you said you didn't include that, but this is the second exxon upgrade in as many days. >> well, oil is going higher. >> under your scenario - >> i can't -- >> -- isn't everything going to go higher? >> no. >> let me ask you this, jim, in the boom that you said is going to happen, what doesn't go higher >> the drugs, there was a recommendation of coca-cola, i happen to love management but you don't want to own that horrible to say, but you still can't own the banks. people come on and say it's time for the catch-up of the banks. i don't love wells fargo maybe we're getting better management there but, i like texas instruments in that situation i like analog devices in that situation. i like nvidia, which remains one of my favorites. but there's a lot of stuff that doesn't really work in my scenario because we have a lot of bust stocks look

actions of a headquarters of these big brands that have a more more impact than fair trade code by nike had it as an reebok shop or shaming people who buy brands that are accused of violating worker rights i mean look these codes and been researched and cold on it regimes multi-stakeholder agreements all of these things that lots of them are corporate some of them are n.g.o.s some of them are state. all of them have been thoroughly researched extensively and rigorously over the last 3040 years and what we find is that overwhelming glee in the preponderance of evidence shows that they have made absolutely no difference you haven't seen these kind of there are a way to raise your window dressing they're not worth the paper they're printed on because they get what we see is wages successfully go. whatever benefits a firm will get from not having sweatshop workers is outdone by the profits that they can make so you can see that there's a liability for for example run a class of the worst natural accident in the history of the world had to do it on 13 in dhaka over a 1000 women mostly women

sets these kind of geographic limits and as you said those geographic limits capital so i didas are nike or h. and m. can't just find geographic ways to put to increase profits and put downward pressure on suppliers and workers so as that happens smaller firms go out of business bigger firms become bigger. and as that happens that bottleneck that you don't like it is used to put pressure on these firms becomes looser and looser because there's fewer and fewer people competing and that that opens up the possibility for workers to potentially make demands at the point of rushing we're already seeing that in certain parts of the set i should say out of as and not you know as you deny any switch involvement in there a supply chain but hey you mentioned china there you talk about the fact that china has seen more wildcat strikes in any other country in the world we don't hear about this there are workers fighting for rights in these factories every day if you look at china because the state doesn't necessarily sanction. you know the ability for works to withdraw their labor power in the same

sets these kind of geographic limits and as you said those geographic limits capital so i didas are nike or h. and m. can't just find geographic ways to put to increase profits and put downward pressure on suppliers and workers so as that happens smaller firms go out of business bigger firms become bigger. and as that happens that bottleneck that you don't like it is used to put pressure on these firms becomes looser and looser because there's fewer and fewer people competing and that that opens up the possibility for workers to potentially make demands at the point of rushing we're already seeing that in certain parts of the 2nd i should say out of as and you know as you deny any switch involvement in there a supply chain but a you mentioned china there you talk about the fact that china has seen more wildcat strikes in any other country in the world we don't hear about this there are workers fighting for rights in these factories every day if you look at china because the state doesn't necessarily sanction. you know the ability for works to withdraw their labor power in the same kinds

of creating a false impression of japan from another critic the one that's prejudiced is nike while others have promised i won't buy nike ever again i think that they see the as the unnecessarily negative towards and and i think you have an older demographic it more male who are against one of the featured teenagers belongs to japan's ethnically korean community mainly a legacy from japan's colonial period when it ruled over the korean peninsula touching on the troubled relationship between the 2 neighbors always rekindles old animosities especially for the older generation but for younger people in japan there seems to be a greater acceptance of diversity with sports leading the way the success of japan's multi racial rugby team in last year's rugby world cup was widely celebrated and the emergence of biracial tennis star nyoman osaka who is featured in the ad is having a profound impact the images experiences that are project in the air you know i think resonate with young japanese over the summer we had black lives matters marches here japan is served leads exactly towards greate

of creating a false impression of japan from another critic the one that's prejudiced is nike while others have promised i won't buy nike ever again i think that they see the and as the unnecessarily negative towards and and i think you have an older demographic it more male who are against one of the featured teenagers belongs to japan's ethnically korean community mainly a legacy from japan's colonial period when it ruled over the korean peninsula touching on the troubled relationship between the 2 neighbors always rekindles old animosities especially for the older generation but for younger people in japan there seems to be a greater acceptance of diversity with sports leading the way the success of japan's multi racial rugby team in last year's rugby world cup was widely celebrated and the emergence of biracial tennis star nyoman osaka who is featured in the ad is having a profound impact the images experiences that are projected in the ad you know i think resonate with young japanese over the summer we had black lives matters marches here japan is served leads exactly towards g

others have promised i won't buy nike ever again i think that they see the ad as. unnecessarily negative towards and and i think you have an older demographic it more male who are against one of the featured teenagers belongs to japan's ethnically korean community mainly a legacy from japan's colonial period when it ruled over the korean peninsula touching on the troubled relationship between the 2 neighbors always rekindles old i name all cities especially for the older generation but for younger people in japan there seems to be a greater acceptance of diversity with sports leading the way the success of japan's multi-racial rugby team in last year's rugby world cup was widely celebrated and the emergence of bi racial tennis star nyoman osaka who is featured in the ad is having a profound impact the images experiences that are project in the air you know i think resonate with young japanese over the summer we had black lives matters march is here japan is served leading towards greater tolerance and diversity but of course there are people are not comfortable. fo

, like john deere where they have a big percentage of their sales offshore in the case of nike may be more than 50% offshore, clearly the big u.s. company benefit from the weak dollar and of course it would negatively impact those big companies based outside of the u.s. that is trying to do business in the u.s. cheryl: i want to pick up on this, obviously we have the treasury and the federal reserve and jerome powell wrapping up the testimony talking about the fact that he wants to have the backstop and stimulus should be available in mnuchin being criticized for wanting to end the lending programs and the back-and-forth is over on capitol hill but what these two men and agencies do will certainly affect not just the dollar at the markets. >> sure, no doubt about it, regardless of what their talks really were this week and how they ended up, the fed is not going anywhere and we've seen rates pick up, ten year is up to .95 right now, we seen them pick up but they're still going to be stimulus, we are not in a rising interest rate environment if you will which as teddy said the dollar i

nike a helper among the dow as well. >> tyler, before we go, i have to ask you something, earlier when we were talking with retail you said you haven't started christmas shopping yet does this mean you haven't gotten my gift yet >> yours i have gotten it was very, very expensive, i will give it to you on wednesday. >> i hope so >> that's it for "power lunch. "closing bell" starts right now? thank you. welcome, everyone, to "closing bell." i'm sara eisen along with kayla tausche who is in for wilfred frost today. talk about a turnaround, stocks kicked off the shortened holiday trading week in the red but the dow is up 74 points right now in positive territory, sitting just below session highs heading into the final hour of trade. let's look at what's driving the action a new coronavirus strain in england raising red flags around the globe and weighing on sentiment leading several countries to ban flights from the uk >>> congress appears to be near the finish line on a new round of stimulus finally. >>> two stories we brought you on friday helping the dow's outperformance today nike's nu

. >>> nike shares hit a record early in the session. let's take a look and see how nike is moving at this hour. still up about 4.7% after the sneaker maker's boffo bets on digital paid off in a huge way. online sales soaring more than 80% during the latest period. besides beating estimates, nike also boosted its fiscal 2021 revenue forecast, leading wall street to raise price targets all over the place on the stock. >>> besides nike, goldman sachs and jpmorgan are the top gainers on the dow jones industrials after the federal reserve gave the big banks an a-plus report card, saying it sees quote, strong capital levels following stress test results. the fed also said that banks could start paying out dividends and buy back stock now. so jpmorgan wasting no time at all in doing that, saying it will repurchase $30 billion worth of shares starting in the first quarter. >>> bitcoin, this was interesting, look at it, it's falling you could say pretty substantially, certainly for a one-day loss here. actually it's turned around. it was down a

all right, best for last nike i expect nike should report a fabulous number. all is coming back hard. it it is striking consumer business on fire. they don't do that unless they have a good read on the quarter. i really like the company. would you mind calling me on the day report, it sorts of bums me out. the bottom line, if you want to speculate, this is the time to do do it. just speculate widely. take questions, bruce in new jersey, bruce. >> booyah, jim, from l.a. city, i love your show >> all right, are you on the boardwalk or park place? >> park place right now. >> good, you areagreeing that's a lot of money. >> my question is about marriot international they partnered with southeast asia and started air bnb type service with 25 points no you the vaccine is in reach, do you see it going up to three covid levels or higher >> i think it is a well-run company. this is a great question a lot of hotels had the best balance sheet. you know what it means it is good because he's one of the good guys. teresa in north carolina >> hello, jim, thanks so much for ta

you can be fearless nike because they're doing great because they told you that on friday night. the federal reserve gave you a shock and theba banks a nice surprise they can repurchase their own stock again. the banks accumulated huge capital surplus this year but they have not reward shareholders for patience. as soon as the good news broke what happens with jp morgan in and morgan stanley chimed in with $10 billion and goldman sachs. at a time when congress is about to pass pa $900 stimulus market after all, we could be in for a lockdown or another people would say recession. they already passed the government's stress test and again, on a bad day you need to look for surprising pieces of good news, of what these bank buy backs are. that was a buying opportunity. the bank stocks finished strong. now they have a reason to go up. i almost hope the market sells off again, give you another chance to buy and especially morgan stanley which zoom is on a buy back morgan is on the safest model. and let's not forget of the stimulus package itself. people are concerned that congress may

he is renowned for his work for brands such as nike, microsoft and coca cola. in the five years since he joined the parent company of the uniqlo brand, he has been leading the company's efforts to achieve global ambitions through his role in charge of the creative. nhk world's yuko fukushima interviewed him in person and online to find out more about his vision. >> this pandemic has impacted our lives so much. for you, how has it impacted your life? >> i've been in portland, one of my homes, one of my offices. i'm sitting in my studio now. this is the longest time that i have never traveled. this effect has changed things for everyone around the world in terms of the apparel industry. look at the luxury business. they are basicly the question that everyone has to ask themselves, no matter what segment of apparel you work in, the question is, why do we ist? do we offer something that is purposeful and meaningful and valuable for the people in our society? >> despite the pandemic, they unveiled a new store in tokyo, known internationally as the center of japanese

if you know your shoe size, you can order nikes. i think that -- i don't know why nike is reporting when nobody is going to be around all i can tell you is this business is strng ong in china,n business is strong in the united states but the direct to consumer, lulu at 40% we don't know how far along nike is williams sonoma more than 50%. people want their goods delivered to their house they don't want to go to wherever they were being sold. with the exception of home depot, and lowe's, with the news this morning that black & decker is going to have 10% organic growth rather than 3% to 5%. we are still going to the major big boxes in order to be able to take the money, i think that will include the money we're going to get from the government and fix up our houses if we're lucky enough to have a house >> right so the only hope for brick and mortar at this point and small businesses if the russians continue to increase their cyberattacks and shut down the intear digital economy and then we got to go to stores with actual cash? >> the

and we've seen lululemon, nike simply because of the brand that they have been building the last few years and they have been calling partners, wholesale partners who have been too promotional. so it is the big brands and big retailers that are already up for the digital shift. >> and talk about lululemon. you would have thought with so many people working from home this year and not leaving the house it would be a good year for athleisure i know i spent a good chunk of the year in my yoga pants. but lululemon is also setting their sights on expanding in the continent. do you think the outlook is positive for athleisure and what is your take on lululemon? >> i do. i think the shift to number one working from home is permanent for a good chunk of people and also just once you've xwn to stretchy pants, will you go back to hard pants. and i think that is sustainable here but if you talk about lulu lelg lemon going international, yeah, they said no reason that international can't represent up to half of their business going forward. and as you've seen over the last several years in the u

after the close moved those stocks big and the earnings last week and the earnings on friday night nike really rather extraordinary showing strength among the consumer around the world. so, obviously, this strain is new strain which we don't know much about at all and as far as i'm concerned, maybe not that much more different. we're not hearing, it's just a black box. not that crazy about that making people panic david, when people panic, what do they do they sell all stocks and they sell the s&p regardless of what the new transmissionability means. >> does it matter some would view the market as fairly rich and, therefore, people who might otherwise think differently are saying, well, what's the harm in selling now because i've had a great year and i'm looking at multiples that i didn't expect to see >> well, yeah. i think that there's a lot of, there's been a surprisingly little amount of profit taking but at the same time do we get a cross current today where we say, you know, back to the lockdown stocks and let's go back to software and work at home people aren't going back to work

brock clement was arrested during a job interview at kohl's after he tried to shoplift nike sleepers. fake news or florida marie? >> florida. >> that is in fact correct. you are tied up. i had a job interview, to the other department store shoot section, saw a pair of nike's without a security tag come put them in his bag was accused of putting two pair of nike shoes, women's issues into a plastic bag and waltzing out of the store. he told deputy they were for his mom heard so all is forgiven. alright tim you can catch up here next question but a clearwater mental police three syringes found in his rectum were in fact not his but is that fakeness or florida? >> that is fake news. [laughter] save our tim you are bad at this game it is florida. [laughter] the areas that's a 40-year-old wesley dasher originally had syringes removed during a strip shirts did not belong to him. county detention facility. possession of drugs and no one really knows how the syringes ended up. >> did it was a far as heroin at a different guy. thought is recycling,. [laughter] >> know he is recycling old syrin

it should be noted that the dow is really benefiting today from jpmorgan, goldman sachs and nike all three of those together are creating about 200 points of upside support for the dow, and take a look at the bank stocks they are reacting to friday's somewhat surprising news that the fed would allow them to restart share repurchases in limited amounts, and you can see that this was not really expected the market was a little bit wrong-foot that was the news of the fed you popped right at the close the other day on friday, and we're carrying through that strength today still a little bit of a value tilt working against the recovery tes larks its first day as a member of the s&p 500. it's down 5%, but keep in mind it had a huge pop right into the close, so 655 is where it closed on thursday, so we're still trading above thursday's levels and this is on a quarter to date basis. minimizes the angle of the sentiment. that's 54%, tyler, are just since september 30th. >> mike, thank you very much mike santoli stocks staging that major midday comeback after initially dropping on concerns of

let's run right into a question on nike as the sneaker company launched their first laced air jordans today. >> this is chris from palm beach, florida happy new year to my man jimmy and the rest of the team my question is nike. the analysts have raised price targets and upgrades the famous word of my man, dommy, should i wrap it or scrap it >> jeff, what do you tell him? >> i would think you get some consolidation and get back in at a lower price. if you are trading it, i would keep it in mind. a company that's getting a lot right. digital sales up 84% digital sales that are a lot profitable and then another thing that caught my eyes if inventories down 2% from the same point last year talking about some evidence of strong demand. i think it is there. consumers continue to be in good shape given the recession that we are trying to work our way out of longer term i still like nike. >> and the pandemic for china is in the rear-view mirror, mike. >> absolutely. >> nike is exceeding my son just got his custom design today it is a tough entry point for sure >> i don't know about the self l

vision and company and over the years we had this relationship of trust the big nike is now calling on that global community of supporters to help it survive during this challenging time jumps out all. things one of the biggest tech acquisitions of all time is highlighting the growing demand for remote working tools the us business software giant sales force announced a $28000000000.00 deal to buy team work platforms slack its new owners so they want to keep up with the industry leader microsoft teams and video conferencing out zoom the global pandemic is accelerated demand for the software as more people work from home tech companies investing in the platforms a betting on the possibility that this year's shift in working culture could for many become permanent and it sandman is a tech and investment analyst and the co-host of the china tech investor podcast he says the tech companies are now rushing to create complete work ecosystems online. slack is really a collaboration and a chat app it's what millennial and gen these are using instead of email but what we're seeing in this is th

after the close nike's reporting, any thoughts on nike, up, down. >> i think noki nike,. >> would add to it one of the biggest benefactors is china, china's economy has come back, the digital platform has been very strong but i want to go toward stock next year end we will have tremendous upside and we will have a big year this year, were just not adding it to it this year. charles: let me addin talk to ye only sector higher vulcan materials, full disclosure my subscriber on it, ml in at big, the talking infrastructure, maybe it goes there trillion dollar plan, would you buy something anticipation of a strong 2021. >> i would i think 2021 is going to be a year of the comeback for the u.s. economy. i think the second half will have the most robust rope undergrowth that we've ever seen in recent history, that's what anything tied to the consumer or growth in the economy infrastructure that did not have a great year this year is going to surpass all expectations in 2021. charles: i have 30 seconds, give me something you like going into the weekend that could make a nice move next week. >

first on nike. guggenheim calling the stock the best idea for 2021 in the sector of giving it a $165 price target, a 17% rally. you would think more of a rally. anyway they are saying nike is embarking on its next era of history which will be digitally led. guggenheim says athleisure will remain favorable in an area where nike is the leader and they expect the company's new product innovation to remain robust the stock is up 135% from its lows this year. >>> and on the industrial side, let's take a look at caterpillar. baird getting bullish on the name calling it its top idea for 2021 and hiking its price target to the 220 from 206 so that's about a 20% real they are saying demand in the key markets is set to rebound. among them for construction equipment. baird sees retail demand also accelerating against easy prior year comparisons and history shows dealers have the 10% restocking cat is up more than 106% from its 5 it-week low. still ahead, $15 billion has been designated for independent concert

nike is one of them. we heard about that on their earnings. even a company like estee lauder typically in the department stores has been focusing on the direct to consumer. we think there are longer trends there in those names you can look at going forward. charles: all right. stephanie, i've got 30 seconds, i saved them for you my permabear dear friend. can you tell me something good that will happen in 2021? >> no, i cannot. [laughter]. but, no, seriously i think that we have all the great news come out this year. the market discounted every positive element that could possibly happen, then some. i think sales and vaccine. this idea we'll return to normal is really missing it because the fact is we still have nine million people who haven't found jobs who were laid off in the pandemic. we have some 19 million people who face eviction as renters this year. we've got the massive amount of increased debt. we've got a whole host of issues that have come along with this whole episode. so unfortunately -- >> best thing about 2021 we're leaving 202

target on microsoft, even though helping the dow even more today are names like jpm and goldman sach and nike, all at 52-week highs and more let's go to the headquarters and the judge. >>> welcome to the "halftime." i'm scott wapner the fate of the santa claus rally after concerns of the virus take stocks lower today. joe terranova, courtney gibson, and good to have steve weiss, sarat, sethi and liz young and cou courtney gibson with us. liz, is the santa claus rally being derailed right before our highs or not >> i don't know about derailed but i don't know in is the year that we should look at a santa claus rally to take us through the end of the year. the next 60 days probably going to be a little bit tough does that mean we don't have a big santa claus rally? perhaps. but seasonally they are usually pretty difficult to trade out of if we look into 2021, to look at the glass halfful about the end of the year is there a-- >> you have a new strand of virus out of europe today. you have a debate about whether the market needs a rest, about to pick up steam tom lee saying i think there is a lo

deal as it is right now you talked a little bit about kanye and yeazy under adidas and jordan under nike. i'm all for black-owned businesses and more talent-owned businesses jordan wouldn't be able to have the scale, manufacturing capability, the technology, the retail partners, all those things that come with being under nike to make it so big. >> that's what i'm saying. it's important for us to have ownership in it, because we've only been the face to these type of brands. and we actually built these companies by african-americans purchasing and now we're saying we don't want to just be consumers. we want to be producers. we want to be able to put money back into the community from these brands that our culture built. and i talked to president of sports for rock nation, raymond brothers he talked to me about finding new young talent, like baron said being able to control the narrative. we've never been able to do that i'm taking a page out of reginald's book. he was able to acquire billion dollar companies, being one of the first african-american billionaires that i know of, saying you

"new york times" reported that nike and coca-cola lobby against this forced chinese labor bill. and the legislation was called the prevention act -- it's been the target of multinational corporations. including the u.s. chamber of commerce. victor, you and i have been exposing them for years. this year they supported a numberth of democrat candidates. what's behind this? >> well, the chinese are brilliant propagandist. they have labeled this -- the chinese have labeled this infusion into american corporate culture as something that is cool. what you just said, or what i just said, i will get an email tomorrow from someone saying i am racist because all of our suspicions of -- it's based on race, class, issue. they have this brand that is cool. youu can see it in hollywood where it is been corrupted. you can see it in professional sports. you can see it on very liberal silicon valley where guys with flip-flops and the shades that drive-in convertible be bemers -- some of the most reactionary. and selfish people in the world. >> laura: i want to hit this point. listen to this chil

i am not >> nike earnings tomorrow. should you just buy it dan says you should just drive into this name he will make the pitch for that when we come back. ♪ for skin as alive as you are... don't settle for silver 7 moisturizers 3 vitamins 24 hours hydration gold bond champion your skin america's been waiting for. get iphone 12 on the 5g gold bond this new iphone plus verizon 5g is incredible. switch now and get iphone 12 pro max on us. unlimited plans start at just $35. this is 5g from america's most reliable network. >>> welcome back dan is entering the fast lane with a fast pitch. he said this company is about to kick in overdrive. >> let's talk about an it caught my eyes because we have seen a massive shift about auto sales in the last year and the narrative has changed a lot. think back to a year ago when you had everybody and their mother telling you that owning a car was a bad economic and environmental decision it gets used 2% of the time. we have a pandemic and what happened we saw a massive shift towards use

the story on nike, i don't think it is really about a stock split. we spend a lot of time because we had a lot of team talking about stock splits whether it is tesla or apple and what it has done for the share price the most important thing was the announced number, they're digital and their business continues to crank that's helping and the margins he will up even dieespite the feedback it could be an impact the biggest issue is all in the price. on a trailing basis and the reason i bring it up nike has had a great year through covid and some of the trends i have talked about it is 80 times trialing. this company is not cheap. i am long and concerned of the valuation but i do think it is part of why this company is what you want to own. they should be trading at a premi premi premium. >> we have geno's pizzas. >> there is a lot of area of great neck, which part are you from >> i am from south great neck. >> great neck south is called. >> it used to be the rebels but i believe they changed it because it is no longer acceptab acceptable, let's say. >>

i'm back in this as well >> what do you think in general about nike's earnings? not a lot of people are going to be around when they report and the stock obviously is a darling. the only hit i hear about it is valuation. >> right and that's a legitimate hit because when you consider how stretched it is, scott, i think it's extraordinary i would not be owning the stock. i am in the calls because that gives me an opportunity but at the same time, i know my risk/reward. any hiccup at all when you look at a stretch valuation like we're looking at in nike, that could be a problem, a harsh selloff. i'm not expecting that but i think it's a much better play to be in the options than the stock. >> i appreciate that thanks, tepe >> ask halftime is next. e-mail your questions at askhalftime@cnbc.com back after this. for skin that never holds you back don't settle for silver #1 for diabetic dry skin* #1 for psoriasis symptom relief* and #1 for eczema symptom relief* gold bond champion your skin gold bond and now with q4 wrapping up, the north pole has to be feeling the heat

that's the reason i like target and nike is another company performi performing i like those two names >> you've actually got your eye on 3m which announced job cuts of 2,900 people at a time where it's seen strength in personal safety but weakness in health care and transportation. >> yeah. it's one of the things about 3m is it not only pays a nice dividend but they've increased their dividend of year for more than 50 years so it's a nice safe play. and on a technical basis, you look at the stock's chart, it broken above its trend line going back three years and it's now trying to break to make a key higher high. if it can break above that level of $180 in any kind of meaningful way, it going to be very bullish for the stock on a momentum basis the other one i like is verizon. dom mentioned that one as well, a nice dividend over 4%. but you also have the benefit there of getting exposure to 5g and you have a situation where the stock's been making -- it's increased its dividend 14 years in a row that's another safe play it can break above 62, that's its all-time high, it's been making