India. Jeff bezos met with Prime Minister modi last night. Well hear from him when he addresses Congress Later this morning. Clinton wins enough delegates to become the Presumptive Democratic nominee. Is the battle between her and mr. Trump gains momentum. The market seems to be shrugging off this political uncertainty. Shares of lululemon bouncing around in the premarket after raising forecast for the year but offered a softer outlook on the current period. Well talk about whats ahead for that company. Stocks are looking to maintain their upward momentum a day after the s p posted highest close since july of last year. Oil rising to some eightmonth highs. Brent hits 52. All of that happening as david said within the politics mix. Hillary clinton declaring victory in the race to become the democratic president ial nominee winning four primaries including california where it wasnt nearly as tight, jim, as some suspected it might be. Yeah, you know, i think that people just want some sort of resolution of who its going to be and lets just go forward. There were a lot of pundits, to go back, if Bernie Sanders wins california the whole things in disarray, the pundits are kind of like these Federal Reserve nonchairman. You have to be careful listen take your life in your hands. Yeah. But the idea its going to be Hillary Clinton versus trump is dawning on people and people are now starting to see in the papers this is what the economy would do under trump, this is what it would be under hillary. Talked at the Corporate Governance conference the other day say, lets take drug policy, a lot of people thought obama was going to move to the center. He never moved to the center. But you still had Drug Companies make a lot of money. You may find out that these people arent as powerful as you think if theyre trying to really effect change. At what point do people start to focus on trade . I can remember when we had greg hays here, ceo of United Technologies and interviewing him about the honeywell offer for his company, we did venture briefly off into territory, this is months ago, about mr. Trump. And he made the point, thats not really going to happen, is it . Well, it has happened and the concern for multinationals has been of course about trade, about sanctions, about tariffs and what that would do to their business. I havent seen any of that fear reflected in the stock market, or at least it doesnt seem to be. Not at all. Maybe it should be because when you get off the desk with people and you talk to ceos theyre saying, listen, theres not really a chance this is going to happen because our business is going to be cut in half. Trade wars, weve made our bet on asia and europe. I mean, when you go look at the percentage of a lot of the international companies, they care about the dollar tremendously because theyre worried about pennies. Were talking about dollars trump got in and was able to do. Im not saying, look, i keep thinking about that indiana factory of United Technologies, they say were going to mexico 3 an hour versus 30. And Free Health Care versus we pay the health care versus no pension. The deal is to move jobs to mexico. If you cant do that, theres going to be a wall. I dont know if you can move the jobs there with the wall. Meanwhile, you got the world bank once again cutting their forecast for Global Growth down to 2. 4 from the 2. 9 they saw in january. Whether its an election, whether its a brexit vote, i mean, is the market whistling past a lot of this stuff because theyve gotten this reprieve from a hike . I think so. Look, we care about oil showing that thats worldwide demand. We have never even considered the fact that it perhaps is the supply side. That nigeria, theres literally an outfit thats like the antinigerian oil producer outfit. Al f, gorillas, i dont know, whatever, protest, but the supply side certainly has been cut down. China car registrations were amazing for the last month. The export import numbers continue to show that the premier is doing the right thing. Theres nobody in the allegheny algorithmic world that said up because cut back, demand good and demand for commodities are good and copper starts going up, then what we have is a situation where you buy the u. S. Stocks. And im not going to get ahead of that because when i look at the volume of most of the big cap stocks that used to be a million shares and its 180,000 shares by 10 00, i know that the algorithms are going to override anybody. Theres no volume. Arguably will be less volume as we get closer to some of these binary events. At 11 00 yesterday the leaders in s p were airlines and oils. Airlines because algos say theres strength in the economy so buy the airlines. Airlines, yes, jeff did put through a raise, that was significant. Right. But at the same time its counterintuitive. Theres so little volume that you can move airlines via algorithms. And they represent a good percentage of the daily volume. Yes. These firms. As we pointed out many times are run by ph. D. S and mathematics who really dont care about the stock market and its underpinnings. They create the relationships and im not quite sure how they all do it, but they do very well by the way. Yes, they do. They do well. In fact even at firms you see a hybrid approach where theres active management based on Old Fashioned stock picking and the quantities, the quantities typically do better. We struggle to come up with areas where the predictive is that good. And i come back and say wait a second, did you look at the Artificial Intelligence jeff bezos is doing, hes able to predict a lot. Is he . Well, i think he predicts that you are going to buy if you like banshee, youre probably going to buy strike back. Thats true. Thats the thousand people thats all algorithmic trying to figure out how we can do it. What the algos say is when oil goes up that means people buy honeywell. Thats what the algos say. When we go and buy rock ports, sure enough they want to show us ralph lauren suit that goes with the rock ports. I mention that because thats in the news. Ralph lauren suits that go with rock ports . I dont see that. Doing that to be topical, no. Okay, good. Thank you. Okay, here, when you buy Calvin Klein Underwear yes, sir, back to the under. Theyll send you something for boxer shorts. Theyll send you hanes brand. Other people liked. Right. Other people liked. As long as other people have worn them. No, i dont think i think thats faux amazon. Thats the wrong site. Thats the david faber hair. Thats not david. Speaking of bezos indias Prime Minister set to address the joint Congress Today a day after he met with president obama to discuss potential Energy Related deals at an event attended by the Prime Minister bezos announced plans to invest 3 billion addition in india on top of 2 billion in 2014. Bezos said india is amazons Fastest Growing region. And that says a lot. Even the growth of the rest of the world. I think that theres three companies that talk about india right now, and there are three companies that are really darn good, amazon, apple and dominos pizza. Dominos being remember they have a nocheese option, which is vegetarian for a lot of countries. Apple, bezos really came in with guns blazing about money. Now you say tim cook came in and he went to a cricket game where theres more people who follow cricket than there are you know, its a pretty well followed game. It is. He also spent a lot of time talking directly to people about having a deal with being able to sell because they dont have Retail Stores to sell apple. 2020 is going to be the biggest market is what tim cook said. 2020. Theres john chambers, a. J. Of mastercard will be there. Bunch of heavy hitters. Look at that tiejacket outfit. Thats like mens wearhouse. International has not been growing as vigorously as amazon has been the domestic business. I do tend to think about walmart, which is always had a more difficult time. There had been an expectation ten years ago that walmart would be at least 50 50 now in terms of revenue mix. Why are they having a problem in uk . Even in uk. There are cultural norms there are things that need to be done, couple resets, bad time in germany. But cheap is cheap. Cheap is cheap, but it doesnt always translate in terms of how its done. Then why does tjx do so well in europe . I dont know. Maybe theyve figured it out. Im not sure. Thats a good question. But it is interesting to watch amazon of course as it builds out and tries to continue to build out Significant International expansion. And it is worth noting, guys, that amazons market value, i mean, these things do take place over time. Theres 120 billion more than walmarts. Thats pretty stunning. Yeah, well, its just like babe ruth versus hoover when people are saying he made and hoovers better euro move. Its true. When we come back this morning well get more on todays movers including both good news and bad news for lululemon. Well tell you how that stock is moving on it all. Look at the premarket as we said up 0. 9 of an alltime closing high 1. 1 from an alltime intraday high on the s p. Back in a minute. T the td amerie trader offices. Steve, other than making me move stuff, what are you working on . Let me show you. Okay. Our thinkorswim Trading Platform aggregates all the options data you need in one place and lets you visualize that information for any options series. Okay, cool. Hang on a second. You can even see the anticipated range of a stock expecting earnings. Impressive. Whats up, tim. Td ameritrade. Ah the freedom to watch your directv with unlimited data from at t. Its a steady stream of entertainment. Your favorite shows. Streaming on. You can just keep streaming. And streaming. Hello jim. So much streaming but id really like to go home now. My arms are very tired. Seize the data get unlimited data when you have at t wireless and directv. Switch and get up to 650 credits, per line. Lululemon revenues beat as comps up 3 . The yoga wear retailer raising profit guidance. Outlook just shy of consensus. Inventory to sales was inventory rised faster than sales but nowhere near it was in q4. No, this was a good quarter. You have to add in the directtoconsumer business which was very strong. And you have to remember that its canadian currency so you have this translation that its not look, translation is translation, i like the lululemon number very much. There was an excellent piece this week written by a guy named matthew boss. People better start paying to this man. We have him on. Yeah. He talks about one of the brands that cant be destroyed in the mall is lululemon. And its really right. And i think that lululemon is a very powerful brand and is being run far better than the gentleman who founded it, came on air and blasted it. I mean, lululemon is distinguishing itself here as a company with very strong comps. I would not sell that stock. By the way, ralph lauren just to go back on that, i mean, i wouldnt have sold that stock down 10 yesterday. That made no sense. That ended up being a good move of course as they had their analyst day as it went on and on the stock continued to come back during the course of the day, that being ralph lauren. I didnt listen in, im sure you know what was said. The brand is the brand was in too many outlets, going to cut back. Someone has to make a couple tough choices. Theyre doing that. But were getting through this Earnings Period and were finding that some brands have resonance. It turns out that calvin klein has resonance when it comes to underwear, which is the big part of pvhs business. I wish it were outer wear. I mean, i cant oh, darn, i wish i didnt know this stuff. Itd be easier to be stupid. Yes, it would. Its a much better way. But calvin klein is selling a lot of shirts. No, underwear. Fat and stupid is no way to go through life. Thats an old better to be rich and thin. Animal house. The Calvin Klein Underwear has shined, we have seen good stuff from lululemon. Columbia, the sportswear company, they are doing quite well in this environment. Again, a distinguished brand. Lululemon. I think that a victorias secret can be turned around by les. Under armour, i know people dont like the stock but the steph curry shoe is selling very, very well. Theres a handful doing well. I mean, thats a very strong brand that people dont talk about tim boyle out there in portland, ororegon, just quietl doing a great job. There always seems to be this rough patch that every retailer is destined to go through, tiffany, under armour, jcp, lulu, all had their dark chapter. Michael kors after a great run and then not so good. I would rather be being the bell ringer today, i wish the ceo would kind of drop by because that companys on fire. Coors light, i dont know what you drink. Have you seen the lululemon website lately . No. If you go to it, this is what you see, a shot of just a guy. And then it says no adjustment required. Abc, antiball crushing destruction designed for mobility so you can leave the boys be. My lord, thats not even appropriate for television. Maybe its an ad makes the cranes with the big balls that knock things over. Maybe youre a dirty mind and ive got the clean mind. It to me is not talking about you guys are presuming that that has to do with the anatomy. Im thinking bigger. Are you . Yeah, i am. Youre thinking shrinkage and its no shrinkage those pants. A very competitive product. Now ive got costanza in my mind. I applied during lay period did you . Complete denigration of my career. By the way, we should mention b of a ups to neutral and followed by a 7 div hike. I didnt like that last quarter. Sometimes, look, sometimes you own a stock for your trust say that was a bad quarter. Targets had to reach out from some of the ranks there, target i believe has been hurt by bezos. You know, the 8 billion in increase came out of somebody. It did. It did not come out of dollar tree and it did not come out of dollar general. Which those stores are as packed as ive ever seen them. Packed. The overall pie is not really growing as much as amazons take. No. Again, i refer to the boss piece about, which is really fabulous, talks about what is, you know, kohls private label maybe that can sell some, jc penney private label, i bought jc penney private label for the arizona brand, and everyone thinks its the same as Everything Else i wear. I dont wear on air. You dont get that at jc penney. I know when you suit shop i get the sonoma. You like the suit . Actually its very tight on me. Is it . My wife said it looked good on the way out. Form fitting. Yeah. I dont like the way it feels. But the sonoma i love the way it feels, but people dont want to see me in sonoma. These are kohls brands, david. When we shop at kohls together it is going to be eye opening. The house wears section is going to blow you away. Blow me away. I cant wait for that. Do you think he knows what a kohls is . Ive seen them. You talk about him like hes not here. Hes right there. Kingsford. I walk by kohls and many other stores. I dont like shopping. Well, thats where you and i just have to differ. And thats why i showed you those pictures of pier one this week. Theyre beautiful. You cannot believe the closeout sales there, ten bucks for candles. That are like can last for hours. We will get cramers mad dash. Well count down to the opening bell after a break. Take another look at the premarket here. Recall that the low for the year on the s p february 11th at 1810, well see if we can open the morning stronger than that obviously. A lot more squawk on the street from the nyse straight ahead. You can fly across welcome town in minutes16, or across the globe in under an hour. Whole communities are living on mars and solar satellites provide earth with unlimited clean power. In less than a century, boeing took the world from seaplanes to space planes, across the universe and beyond. And if you thought that was amazing, you just wait. Experience the thrill of the lexus gs f sport. Because the ultimate expression of power, is control. This is the pursuit of perfection. [so i use quickbooks and run mye entire business from the cloud. I keep an eye on sales and expenses from anywhere. Even down here in the dark i can still see were having a great month. And celebrate accordingly. I run on quickbooks. Thats how i own it. In new york state, we believe tomorrow starts today. All across the state, the economy is growing, with creative new business incentives, the lowest taxes in decades, and new infrastructure for a new generation attracting the talent and companies of tomorrow. Like in rochester, with worldclass botox. And in buffalo, where medicine meets the future. Let us help grow your companys tomorrow today at business. Ny. Gov on tap to ring the opening bell. Oh, wow, that was good. Thank you. Symbol 2 is tapped. Yes, it is. Lets get to the mad dash this morning. We have about six and a half, seven minutes before the opening bell actually. Where do we start . Winners and losers. David busters. A fabulous number and 100 million repurchase. I was surprised im worried there could be a secondary here because there was last time they pulled a good number. 46 is alcohol, is beverages, and when you have that ratio of someone who owns a tavern caching they know how to do it. Theyve made it much better and done a great job. I dont know if youve been to a dave busters lately its more fun than ever. My kids have been. They enjoy it. Theyre not drinking thankfully. No, but the games are good. You can spend a good 90 on tickets and be able to come out with a kind of foam doll. Yeah, a little tiny doll or pillow. Yeah, pillow. I actually won a bike once. I couldnt believe it. They said youre the first person actually did well here. Wow. Yeah. I won a bike. Did it work . Yeah, it was a great bike. Made my day, made my year. Actually, my father was there. He said we just beat dave busters for the first time. Weve spent thousands of dollars here. Pop always said that. It would have been like 90. Okay. Verifone is the other side. Okay. This has to do, david, with the slow adoption of your chip and pin card, the emv. Retailers do not like it. Verifone was ready for it. So slow. Oh, doesnt it drive you crazy . Oh, i hate it. Come on, guys. I know. No, im not paying. I know. That