Later, chipotle, one of the best stocks the ceo will join us power lunch starts right now welcome to power lunch check out the markets and the performance here today the record rally hitting a roadblo roadblock. Hanging onto gains ever so slightly here. Take a look at microsoft that stock hitting a fresh record high today. Its now up 50 so far this year well have more on that later. Tech stock really on tear having the best year since 2009 up about 41 bill, over to you. Thank you we start with two of the big movers today kohls and home depot. Accounting for nearly all the declines today both stocks sinking after slowing in sales are these retail reality check lets head over to bob for more on todays retail wreck. Hello good to see you. This is a difficult question right now because there was a lot of questions on the Conference Call about this home depot sales missed to what they call timing of certain Investment Initiatives whats that all about . Its up almost 40 for the year. Now its up about 30 for the year its had a terrific run. You see its down about 5 whats this certain Investment Initiative that was the first question on the Conference Call. This is about slowing on the consumer here is what management said they saw strength across all of their departments. They saw growth in online traffic, conversion and average tech retail is downright across the board. Kohls missed on earnings and lowered their full year guidance this has been a problem for all the Department Stores and Apparel Companies in general its what i call the brick and mortar nightmare we have been talking about it for many years here. The bottom line is what you have is little or negative sales growth for Companies Overall youve got an inability of companies to open many more stores because many dont have the money they needed to invest in the product and theres no real path to growth for a lot of the retailers particularly the Department Stores and the Apparel Companies. Courtney, this is your beat. You know all about the problems that weve had here and kohls reiterated those issues today. Back to you. Thats right. The cfo said were not seeing softness thank you. For more on todays retail wreck we have two analysts to discuss kohls and home depot. This was a really interesting one for home depot and this is the Second Quarter in a row we have seen them lower their Sales Guidance but for two different reasons. For a long time every one said home depot is a great operator but seems like the problems are internal is that narrative changing i think the three things to take away from this quarter is this is the Fourth Quarter in a row they had sales that missed expectations but the eps still came in line even though sales growth has been a bit disappointing, they are still able to deliver that bottom line growth this is the second time in a row they have cut their comp guidance they talked about same growth. They said 4 now they have taken it down to 3. 5 last quarter it was lumber which seemed like a reasonable thing to point to. This quarter they are talk about some of those initiatives they had started at the beginning of the year that are now slower to deliver some sales growth. They said that will be happening next year. They expect to get more of of that growth. Its really a delay in timing on that sales growth and not necessarily a slow down. Thats ri reinvesting in the company right now. They are upgrading their stores and digital platform, supply chain. They are reinvesting at the moment should we all have to be patient. Even the ceo admitted on the Conference Call its taking longer to see results than they expected here. We just have to be patient with them one of the initiatives that they cited, they mentioned they are really redoing their i. T. Platform that would take a long time. They rae want eally want to gett right. I think thats a reasonable thing to point to. Then the longer term over arching theme here is growth and renovation spending is starting slow its positive but its slowing we talked about in retailhavin limited growth its starting so slow a little bit. Were seeing that in our data. Wlooerking at all the i understand cay indicators the last two quarters lowes out comped home depot for the first time in a long time. Where are you going lowes or home depot i think most will choose the place thats close to them or has the best price if you think about what a profr professional contractor is going to do, they are usually pretty loyal until theres a reason to change that pattern. Either its because they find they are able to get Product Availability at one retailer versus the other or its because the pricing starts to get more competitive. They are investing a lot in inventory. They report tomorrow morning. We hear the same store from them, do you think i think when we hear from lowes tomorrow, were likely to hear i wouldnt expect them to cut the guidance. The reason home depot cut wads from internal initiatives p i think their growth will look pretty robust. I think investors will be very focussed on whether they beat home depot in terms of u. S. Same store sales growth again i think what will come under more scrutiny is the operating margin because last year the company was changing over a lot. They changed over their entire management team. They were destocking on inventory that was unproductive. They were getting rid of stores unproductive a lot has changed in the last year we should start to see some of the benefits of that change now. Well see they are making investments too. Thank you very much for being here with us today lets turn our attention to the biggest loser of the day in the stock market, kohls on track for its worst day since january of 17 as we mentioned is the senior managing director and retail analyst. You maintain the buy rating but you have lowered your price target from 50 to 68. It was almost 60 yesterday and results were disappointing from our perspective, from the companys per speckperspective. Nobody likes Department Stores anymore, right . I think they have the mall positioning. From the leadership perspective, michelle gost is an outstanding executive. I think this team, they are willing to take risks. They are willing to try new things they have a lot of good initiatives and in the stores theres a lot of new merchandising initiatives that they started launching in the fall as they gain traction, the customers should respond favorably. When i spoke with michelle she did point to the 20 new brands she said we have to lean in. Kohls is place for value but there has to be good products. How big of a difference can that make if you have exclusive brands but they are new to the customer the kohls customer focuses on value too you have to have good brands and great value. When you think through this last quarter, august was fine but september was warm there was a lot of of disruption with the new launches. I think that added up the a better october but it wasnt good enough. I think from the merchandising standpoint they do have some new, good launches coming. I think the scott living piece, the nine west piece is different merchandise. It will take some time they are spending more money on marketing and trying to get the customers in we havent talked about the amazon returns now we are. My wife has been to kohls three times in the past week it was every time to return something to amazon. She went to kohls did she walk out with anything anything well find out here in about an hour. The foot traffic is there but are the sales following . I think they there was a 360 point basis improvement from the first half of the year they returned to growth. Theres the positive piece they are clearly going for market share and they will be promotional. I think the environment is always promotional we think they have enough new initiatives to really move the ball forward michelle said when i spoke to her that they are seeing some new customers come in at a higher rate than they normally see a new customer coming in when making that amazon return and they need to try to tlifr on that value piece which is why they lowered their earning to give themselves some room. The environment is set up to be pretty promotional they were one of the first to cut the guidance earlier and they seeds the need to do it again. Its disappointing but i think they are doing the right things longer term. I think these guys are winners long term. Very good thanks thank you coming up, President Trump threatening to raise tariffs on china even higher. Are we over the trade turmoil . Chipotle started the year off piping hot but the stock has been flat. What can get it sizzling again the ceo autisbo to join us. Stick around im a regular in my neighborhood. Im a regular at my local coffee shop and my local barber shop. When you shop small you help support your community from after School Programs to the arts so become a regular, more regularly. Because for every dollar you spend at a Small Business, an average of 67 cents stays in the community. Join me and American Express on Small Business saturday, november 30th, and see how shopping small adds up. [spokesman] if youve tried colleg group cheering shed, snhu lets you transfer up to 90 credits toward you bachelors degree. [woman] it doesnt matter how old you are, you can do it, you can finish. [spokesman] finish your degree at snhu. Edu President Trump threatening even more tariffs on china we have the context of those comments reporter President Trump making those comments to the press at the beginning of a Cabinet Meeting today with his Economic Team looking on saying that china is going to have to do a deal he likes i have a Good Relationship with china well see what happens im very happy right now we dont make a deal with china, ill just raise the tariffs even higher thank you very much. Reporter another trade issue in focus is the new nafta. The white house has not reached an agreement with House Democrats yet. President trump says he believes that Speaker Pelosi is stalling in order to use the deal to secure support from moderates on impeachment. Ive been told and who knows if this is so, but i think its so i have pretty Good Authority on it that shes using usmca because she doesnt have the Impeachment Votes so shes using usmca to get the Impeachment Vote reporter as for the impeachment hearing today, President Trump said he watched a little of it and hes never known or seen Alexander Vindman who remains the top expert here. To the markets now with the dow pulling back after hitting a record high. The s p and nasdaq are trying to hold into gains that would keep them in records but the markets are shrug off the trade uncertainty. Its not a positive sign of what is to come good to see you both thank you for joining us we saw a report out that said a lot of hedge funds are investing in companies that would benefit from a trade deal. They are anticipating that one is on the way. What do you think and what would that do for the markets. I think thats probably consistent with the markets recent behavior. I think even a limited deal of do no more further damage and maybe agree on some small points would proenl be a win at this point. I think they will not get anywhere more than that. I think thats what the markets expecting. Thats why stocks have bled up thats why Interest Rates have begun to creep up and the curve is sloped begin and youve seen a resurgence of growth oriented stocks, material, industrial, transimportan transports, financials, et cetera if that story doesnt happen, youll see sell off but i dont think trump really said anything different today than hes already said before. What do you think some of the other pieces of the wall of worry in the past that had the market slow down internationally, economically speaking now were at all time highs. What happened to all those worries . I think you have the probability of a very bifebiferd outcome. Theres so much riding on china right now and trade negotiations i think odds favor some kind of deal and the market is pricing that in. If theres not a deal to your other guests, the market could go down. I remain optimistic. I think china is in a quasi recession. I think the u. S. Administration wants a deal well get something. We spoke at the top of the show about the strength of tech and talking about investing in tech if we get some kanind of a deal where are you when youre looking at that big sector would you go slimmer or at semis. How are you playing a name like tech huge. Were definitely involved in that space as well as some of the Industry Sectors i mentioned. We look at different sub sectors and with tech you have some good valuations, some very over priced valuations. Some companies that are so over priced that they will take a period of time to grow into their valuations i think its a company by Company Specific issue we get into semis early y tin te year were in facebook as an example of a big cap name. Its still profitable despite the negative news around them all year then theres other areas auto desk is another Software Company that we own. Were in the software space. Were in the semi space and always looking for new opportunities. I see you like financials thats a big of a play now i think the yield curve is steep. Theres a lot of crowding in Technology Financials are at 12. 5 pe versus 17, 18 for the broad market. You see a rotation higher and yesterday you had things like rngs utilities and Something Like caterpillar youve seen these defensive utility dividend stocks that are rotating higher. All right thank you both for joining us today. Thanks. Lets head over to the bond market looking at stock, two out of three indices doing well and even the dow is not far under 28,000 but treasury yield, especially long maturities are slipping if you look at a two day of twos, note yesterdays low were at 159 only down one basis point. Lets go to the farthest maturity look at the difference how much lower the right side is. They are now down six basis points on the day. If they closed here, it would be the Second Lowest close for the month of november. That means flattening curve we have gone from 28 to 18 mr. Bill, back to you. As we have been talking tech has been the hottest sector in the market this year up more than 40 as a group. Well tell you what you can buy to catch that rally. We have traders weighing in on that one of the hottest stocks has been chipotle. The ceo will join us much more power lunch coming your way their medicare options. Ere people go to learn about before theyre on medicare. Come on in. Youre turning 65 soon . Yep. And youre retiring at 67 . Thats the plan well, youve come to the right place. Its also a great time to learn about an aarp Medicare Supplement insurance plan, insured by Unitedhealthcare Insurance Company. Heres why. Medicare part b doesnt pay for everything. Only about 80 of your medical costs. This part is up to you. Yeah, everyones a little surprised to learn that one. A Medicare Supplement plan helps pay for some of what medicare doesnt. That could help cut down on those outofyourpocket medical costs. Call Unitedhealthcare Insurance Company today. To request this free, and very helpful, decision guide. And learn about the only Medicare Supplement plans endorsed by aarp. Selected for meeting their high standards of quality and service. This type of plan lets you say yes to any doctor or hospital that accepts medicare patients. There are no networks or referrals to worry about. Do you accept medicare patients . I sure do see . Youre able to stick with him. Like to travel . This kind of plan goes with you anywhere you travel in the country. So go ahead, spend winter somewhere warm. If youre turning 65 soon or over 65 and planning to retire, find out more about the plans that live up to their name. Thumbs up to that remember, the time to prepare is before you go on medicare dont wait. Get started today. Call unitedhealthcare and ask for your free decision guide. Learn more about aarp Medicare Supplement plan options and rates to fit your needs oh, and happy birthday. Or retirement. In advance. Welcome back tech stocks scoring all time highs and pushing the sectors valuation with most expensive since january of 2005. Can they justify the high price tags right now lets bring in your trading nation team today. Todd, really strong trends in multiple areas of tech what would you pick out among the candidates there absolutely. We have been contained through 2019 we just recently broke resistance i think we have a bit of a momentum trade two names that i like, first crm. We just broke from a consolidation over the last year and a half i just added half of position based on this segment to my portfolio through 163. No reason we shouldnt test the upper end. Im not concerned about the multiple in this momentum market another name is amd. This has been the most storied stock. Love this chart. Trading 35 times the earning, double the snp were trading in the 40s i see no reason we shouldnt get s into the 50s i own this stock well see if it can put some distance between the 25year trend you have there you can find value even in high multiple stocks. Where would you go were not a big fan of chasing the momentum i think previous guest is right, these are strong upside trends they justify the valuation because they have incredible cash flow. Facebook, incredible valuation we think square stock has been beaten up enough totally unrelated but as a trade we like lyft here and think thats bottom. We do find areas out there that are not yet stretched fundamentally that are attractive from a trading perspective. All right lyft may or may not be a tech company but is a bit of a contrary pick there. Head to our website or follow us on twitter at trading nation back over to you thank you very much. Coming up, an exclusive interview with chipotle ceo former Goldman Sachs weighing in. New york joining california in suing juul for targeting its products towards teens those details and much more when power lunch returns. Not much, how about you . Are you answering my text in person . I am. Yeah. Lol. Come on in. This is tech that helps you be there. The nissan altima. Now offering the most techadvanced engine in its class. Washington and seoul could not reach an agreement on sharing the cost of defending south korea. Seouls negotiator accused the u. S. Of demanding a drastic increase the u. S. Blames south korea for being unresponsive the proposals that were put forward by the korean negotiating team were not responsive to our requests for fair and equitiable burdens sharing. The attorney general of washington, d. C. Is suing door dash say they pocketed tips they thought were going to delivery workers. He is hoping to get millions in tip money. Door dash say the accusations dont have any merit panda cup bei bei is saying goodbye to his home at the national zoo in washington the zoo has a breeding agreement that all cubs born ot the national zoo get transported to china when they turn four years old. We have reached that time. Boo hoo, bye bye bei bei surely theres one more i can add in there ba ba. Mplgt lets take a check holding on the their gains for now service now is trading higher its being added to the s p 500 thursday shares of myovant is soaring one analyst called it a home run but here is a grand slam the big mover yesterday was karuna therapeutics. The stock gained nearly 500 yesterday. Its continuing to soar today on optimism about its drug to treat schizophrenia. Thats amazing thats a real number. The oil market is closing for the day. Probably not 500 . Not at all. Wti settling around 55. 10. What a difference a few days can make because you might remember on thursday brent reached 65. 63 a barrel the highest level since september 24th inverss investors reacting to the latest pessimism. That impact on oil demand not helping. Back to you. Thank you very much the impeachment hearings in washington have resumed at this hour after that lunch break. They are expected to continue into the evening we have a recap of the action so far today. Reporter lawmakers still appear to be in vote so were still waiting for that second hearing to begin but there was some pretty dramatic testimony this morning particularly from Alexander Vindman. He repeatedly sounded laalarm or the 25th phone call and since then hes been attacked by President Trump and republicans questioned his loyalty this morning he said this was his duty because there is america. This is the country i have served and defended. That all of my brothers have served and here, right matters i yield back. [ applause ] reporter one of the questions surrounded vindman is whether he followed the appropriate chain of command in raising his concerns this afternoon well hear from his boss Timothy Morrison and testifying was kurt volker he was one of the three amigos these hearings have been running about five hours each. The next one will start around 3 15 we will keep you post and bring you the latest back over to you thank you very much im sure your hand is little tired from taking notes after five hours after a time. Chipotle is serving up profits as it beevfbeefs up its deliverable business not only is it the best performing restaurant this year, its one of the best perform stocks in the entire index the stock is up 140 over to you, kate. Thank you so much bryan, thanks for joining us today. Thanks. Theres a recent note saying that nonpizza players like chipotle, mcdonalds are the companies that will be able to see the most growth looking forward. How can chipotle looking at dli delivery whats great about our business is our food travels really well. Burritos is delicious delivered. A bowl the delicious delivered we have the operating system where we have the second digital make line. All those orders come in we make it based on the timing and the delivery drivers theres no wait. Were probably one of the fastest solutions when it comes to delivery and i think were one of the best tasting solution when it comes to delivery. Whats the future look like in the delivery space . Do you foresee more regulation, consolidation among some of these companies . I think its true is delivery will continue to be a consumer need or a consumer want. I think the industry will continue to evolve based on how they can get to profitability to serve those needs. How that shakes out, fewer players im guessing that is how it will work the good news is i think were positioned really well to partner with those that continue to figure out how to give the customer a great deliverly experience i think those will be the companies that come out on top we cant talk about chipotle without talking about digital growth the two quarters before that, at or nearly 100 growth. The company has done some smart things in terms of marketing new items to your digital audience how do you best leverage that audience moving forward . We have 7 million loyalty members. We created these lifestyle bowls that were only available in the app or on the web. We have a rewards program. We are creating a digital universe so we can provide unique experiences whether its the david bowl who is one of these big youtube guys, we have the womens soccer team. All the midfielders. Those were able online or in the app. We have a rewards program where we can use that data to give people the right incentives and inform them of new ways to access chipotle. That does seem to have a positive influence on peoples behavior and engagement. I think bill has a question for you there. We have talked a lot about you and what you did at taco bell before you were at chipotle you did pretty much the same thing with digital using digital ordering processes and Digital Payment processes and up went the sales and the same thing has happened at chipotle are you proving, somehow, that how you sell something is more important than what you sell you know, look, i think ultimately the reason why people come to chipotle because their food is delicious. Our goal here is to give people access to delicious tasting food that is created from a food with integrity standpoint i dont think its enough to just provide people digital acce access you have to have the right product, the right experience if you really want to win long term and be truly creating a Sustainable Business i still think a great experience with a great product is the ultimate thing that makes your business Something Special what about the health of the consumer how much is the strength there helping you . We see our customer and general consumer as very healthy now. Really strong. What we definitely see is people view food with integrity, true culinary, fresh ingredients as a valuable proposition to they continue to want to come to our restaurants to experience or order online and experience. Our Value Proposition is strong and what we see, the consumer is really strong. Right now its working really well for kmipotle. Were here at our evolve conference you have turned this business around you saw the stocks of over 100 since you took this role whats your best piece of Business Advice for someone who came in like you did in this position to turn a company around the thing that i really focussed on right away was making sure we had the right people, the right talent and the right jobs and the other key piece is focus on what are the few things well do really well and execute. I think we have done a nice job of getting the right leaders in marketing, operations, digital, finance, all the key roles that you would need to lead an organization, create a strong culture and we got committed to the strategies or the things we wanted focus on and execute. Every time i had the opportunity to walk into a new business which ive had the opportunity to do that a couple of times now, it served me well i would encourage everybody make sure you got the right team, the right culture and be choiceful on how you will allocate those people thank you so much thanks for having me. Back over to you. Thank you very much. Thanks to bryan as well. Coming up, we have the tasting menu slacking off. Turning on yogurt and an antidrug sse meagthat maybe sends the wrong message, coming up it was sophies big day. By the way, shes the next mozart. As usual we were behind schedule. But sophies enthusiasm cannot be dampened. Not even by a runaway donut. We powered through it in our toyota prius. Because a stars got to shine, no matter what. Its unbelievable what you can do in the prius. Toyota lets go places. Theres one thing you can be sure of. Theyre changing by the nanosecond. Thats why cognizant created a unique engineering approach to design and build new digital products. Learn how cognizant softvision designs experiences and engineers outcomes. Cool. Former Goldman Sachs ceo had his name drags into the press by elizabeth warren. He said she was staggered that it shifted from populism to demagog demagoguery. You want to underrepresent the people that feel they didnt have a voice and you want to appeal to them to demagoguery. Youre labeling people as villains who may or may not have a role in the problem. Capitalism is not broken. Our Wealth Creation system should be celebrated but Wealth Distribution needs improvement saying it would be accomplished to an estate tax or tax in capital gains. Anything but a wealth tax. I understand where its coming from and the goals. The strob wi its unworkable. Its anybody with farm or home would have to establish what that home was worst every year since hes a billionaire, anything he says or does will be held against him i feel like that was one of the questions that scott asked him. Having you all sort of stoked this fire a bit. Youve given face to this argument i think part of it is they cant help themselves. They were asked. They were asked i think lloyd did great job saying i dont want to respond to this and i think we did a goot job indrekly. He said theres part of our system we should celebrate is the Wealth Creation side of it we need to work on the distribution side. Hes a progressive business person hes a militant moderate but a demonstracrat for most of his l. Thank you im sure this gentleman will have a lot to say. Larry summers will be coming up at 3 00 eastern time here is taste of some of the other stories that were following today. Shares of slack falling 10 after microsoft announced its rival to slack reached 20 million active daily users microsoft is pulling farther head of slack who as of october has 12 million users slack is down about 19 . We talked about this on rapid fire last hour and i was of the opinion this seems much ado about very little in the short term both companies can grow these users but leslie pickerfield is like theres a zero sum game to all of this. Mic mic microsoft has positioned its teams as a bunding th inin inlet much more affordable for its customers where as slack youre paying for the one item. Theres a Value Proposition that microsoft seems to be willing. I was wondering about that very thing that that might make sense to an Enterprise Customer like a business so say we already buy this microsoft suite. This is one business where bundling is okay yogurt sales are in a multiyear slump peeking of 9 billion a year they are expected to fall to 8. 2 billion this Year Companies are trying to salvage the souring market by chasing cultural shifts in daily consumption. The Yogurt Company says its dollar sales are up 9 this year in part thanks to low sugar and coconut based yogurts. Tell me an industry thats not being disrupted by plant based or some other artificial ingredient that people perceive to be a healthier alternative . Its so interesting like at the starbucks counter you hear oat milk, almonds milk, wheat milk i think yogurt is disgusting really . Even the stuff with the fruit at the bottom thats the worst in my opinion. The mixed textures in people that want to use greek yogurt instead of sour cream, youre nuts. Sour cream cannot be replaced. Okay. I didnt know i was stepping into that one. South dakota is on meth. This is not a happy story. Thats the headline in the states new campaign against drugs. It features the phrase meth, we are on it. The slogan is meant to show they are working on the problem its led to endless jokes and memes on mind. The state paid 450,000 for the campaign south dakotas Governors Office said the mission was to raise awareness. Clearly, its its raising awareness of something. Even though the double use of it i think its confusing. Its too flippant for the subject. Its clever. I agree its clever, but too flippant for such a serious subject and when you first look at it, i saw three photos of Football Players on a football field and it says, meth, im on it. And there is a real meth problem still in south dakota. My wife has a relative who lives there and works at an addiction clinic and she was here for my sons wedding recently, and said, its not about the opioids in south dakota, its about meth, still. Its a problem, but this campaign was confusing to me still ahead, new yorks attorney general call juul the new big tobacco, accusing the ecigarette maker rgintaetg teens and allowing the product to be sold to minors well have those details when power lunch returns. See thats funny, i thought you traded options. Im not really a wall street guy. Whats the hesitation . Eh, it just feels too complicated, you know . Well sure, at first, but jj can help you with that. Jj, will you break it down for this gentleman . Hey, ian. You know, at Td Ameritrade, we can walk you through your options trades step by step until youre comfortable. I could be up for that. Thats taking options trading from wall st. To main st. Hey guys, wanna play some pool . Eh, im not really a pool guy. Whats the hesitation . Its just complicated. Stepbystep options trading support from Td Ameritrade let me tell you something, i wouldnt be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. Learn how homeowners are strategically using a reverse Mortgage Loan to cover expenses, pay for healthcare, preserve your portfolio and so much more. A reverse Mortgage Loan isnt some kind of trick to take your home. Its a loan, like any other. Big difference is how you pay it back. Find out how reverse mortgages really work with aags free, noobligation reverse mortgage guide. With a reverse mortgage, you can pay whatever you can, when it works for you, or, you can wait, and pay it off in one lump sum when you leave your home. Discover the option thats best for you. Call today and find out more. Im proud to be a part of aag, i trust em, i think you can too. You probably have heard that new york is suing juul for targeting its product towards teens, saying that the ecigarette giant took a page from big tobaccos playbook. Cnbc. Coms Angelica Lavito joins us for more on this. Their legal woes continue to mount. Just yesterday, california sued juul. North carolina sued juul earlier this spring. There are lawsuits from counties, school districts, individuals, just all kinds of lawsuits right now and the big question is, or the big problem, i should say, is the targeting towards teen and not being super transparent about the fact that it was a nicotine addictive product is that the main issue yeah, so both the lawsuit today and yesterday focused around marketing to teens and not being forthcoming about the nicotine content of the products and allowing kids to buy the products a lot of the lawsuit so far as have focused around the marketing. Weve seen that. What was interesting yesterday in californias suit was that they focused a lot of their claim around juuls age verification system, saying it didnt appropriately vet customers. Actually, shipping products to a person named beer can, and an address, no signature needed, palo alto. And today, new york saying that just as recently as last year, juuls own secret Shopper Program allegedly went and found that dozens of retailers in new york were not checking i. D. S, but juul continued to sell to them so theyve got damage control to do, clearly they say they want to regain the trust of the public, but i can see lots and lots of settlements in their future. Do they have the money is this an existential issue for this company right now thats a really good question and i was trying to figure out how much these lawsuits could cost juul. Its very unclear. For example, if california, it could range based on how many people saw these advertisements. Its unclear, who knows. It could be millions of teens and when talking to people, they were nt really sure how the state would come up with that number but it could cost them a lot of money and just the sentiment most people dont see this as a Genuine Company and it just adds to their problems. Angelica lavito, thank you. A lot more on that story and you can go for more on juul to cnbc. Com. Well, check, please is nex t. As a principal i can tell you this. When one student gets left behind, we all get left behind. This is a problem that affects each and every one of us. Together with ibm, we created a whole new kind of School Called ptech. Within six years, students can graduate with a high school diploma, a college degree, and a pathway to a competitive job. You know whats going up today . My poster. Today, there are more than a hundred thousand ptech students around the world. Its a game changer. Ptech students around the world. One out of five kids with cancer in america will not survive. What if that child was someone close to you . Our dad, danny thomas, founded st. Jude to help give every child a seat. Thanks to you. Donate now at stjude. Org. Or shop where you see the st. Jude logo. Doesnt he look like dad . Not much, how about you . Are you answering my text in person . I am. Yeah. Lol. Come on in. This is tech that helps you be there. The nissan altima. Now offering the most techadvanced engine in its class. I am still fascinated by codys 600 million deal to buy half of Kylie Jenners cosmetics company, valuing this fouryearold company at 1. 2 billion. That is unbelievable it was Pretty Amazing about two years ago, we spoke to chris jenner at womens wear daily about this about what companies have you been talking to and at the time, they admitted that they had talked to people, but kylie was not ready to give it up, that she retained control and owned 100 of the company. Its corporate validation for the sustainability of this product, the allure of the spokesperson owner of the company. Alta has seen some nice traction as a result of being the exclusive retailer for the products, otherwise youve got to get it on her website only. Cool stuff. Thats it for power lunch. Closing bell starts right now. Welcome to the closing bell. Im Morgan Brennan in for sara eisen at the home depot post sales miss, thats dragging that stock down 5 right now, which is taking the Broader Market with it away from those alltime highs hit again at the open this morning. That said, s ps right at the flat line. Weve got 59 minutes left to go. We do, indeed good afternoon im wilfred frost. Lets take a look at what is driving the action this afternoon. President trump threatens higher tariffs if china does not make a trade deal kohls, macys nordstroms, sharply lower. And while that might be a red flag for the u. S