Everybody, im kelly evans right here im here at the Stock Exchange weather central or something im Bill Griffith, energy still this is kind of a catchy tune, isnt it . Energy weighing on the market yet again today. Oil to a ten month low, you is that true earlier, health care has been a big winner today with a number of biotech stocks pushing that index higher. Were going to have more on whats behind the moves coming up here. Take a look at footlocker today. It could become the latest amazon victim. Nike is getting closer to selling on amazon. Another retailer should be worried with foot locker down 5 which one is it . Youve heard this story, this is unbelievable George Clooney selling his tequila business for 1 billion. Jeff cohen sitting here next to me he cant believe this. We have a special report on why tequila sales are so hot right now. Its only 700 million up front. Oh, well, okay. The 300 thatll come down the road if they sit certain targets. This reminds me, griffin was known as a lounge singer, but he created jeopardy and which reminded when we watch it wheel of fortune. And he made thats where he made his money George Clooney just made his big money in tequila here. We begin though with the big corporate shakeup of the day. Uber ceo travis, in case you hadnt heard by now, is stepping down that adds to the list of vacant sis at the ridehailing company. Heres how he described his role back about two years ago ill be the first to admit im not perfect and neither is this company like everyone else we make mistakes, but at uber we are passionate about learning from them. Did you see that list of positions that are open right now. Cfo, coo, chief marketing officer, general council, dan is with us today from axios and jeff cohen from elevate partners, a Leadership Development firm is with us here at post money. You sort of saw this coming . I did whos the person that could right the ship but also keep them going in a hypercompetitive environment. Is that person Sheryl Sandberg she would make sense, right she has Silicon Valley credibility, shes a woman, shes been involved in a big Public Company, thats a part of this, uber does want to be a Public Company it would behoove it to have a public ceo and finally, good network and would be able to recruit you have that list up there of all the empty spaces the biggest job is filling those positions. Right now i can hear Karen Swisher yelling at the Television Screen saying its not going to happen here is this but, but sheryl did can i say go ahead, dan. Its the sort of job that doesnt make sense, except it didnt make sense when travis was there. Right now its a clean ship. Its been 24 hours shed be able to create her own shop is this a classic case, jeff, of just an entrepreneur who cant make the transition to running a company that he helped found . I think so. You know, its, venture capitalist talk about the ability of the company of the scale, but at the same time, you actually need for the ceo to be able to scale as well. So, while he had, you know, some ir rev rans for sure in vision and passion when he came in which probably appealed to bill and the other venture capitalists, there comes a point when you actually need to grow up a little bit. And you need to develop aforementioned soft skills like the empathy and understand what it makes to run a big company. So i just dont think he was unfortunately able to pivot and scale like he should have. When uber announced theyre going to allow tipping, it made other changes important here and may turn off customers it talks about how now theyre going to charge you after two minutes instead of five, if you cancer al ride, how theyre going to charge you by the nin theyre waiting more than a couple minutes things like that look, they dont have unlimited funding, especially in they want to go public they have to make it look good and its super competitive for everyone eating their lunch. They have to charge ahead in this environment, and how are they going to do that . They do and the tipping is the most interesting to me, if only because it was a philosophical reason, travis layed it out in the white paper a couple years ago the one thing though is weve been talking about these problems at uber for the past four months or so. The company itself, in terms of the riders coming in the revenue from the reporting, its been doing fine the company is not hurting actually on the ground, it is hurting at the headquarters and its getting slammed by people like us, but in general, its doing okay, and its still by far, in the u. S. At least, by far the Market Leader. Before we go, very quickly. Do you think this delays the ipo speaking of that you know those investors that sent that letter, they hear the clock ticking, and they want to cash out at some point on this thing, right it depends who they get its going to be a very tough search you need somebody that understands the Financial Markets. You need somebody that understands the politics of each market that theyre in, you need somebody that can actually change the culture, but i think if you can get someone savvy, its the opportunity of a lifetime for the right ceo i think a lot of people will be lining up. All right jeff cohen, dan premac, good to see you. Thank you for joining us both today. Im sure well talk more about this lets get to the market for this day right now the dow is down 49 points, you heard earlier that oil continued lower. Hit 42 and change, right, right where it is right now. Lets talk about all of this eric marshalls with us. Portfolio manager of the hodges fund, hes out there on the floor somewhere, and Rick Santelli is in chicago steve, youre been talking about lower oil, its happening. How much lower and why isnt it taking the rest of the market with it right now do you think i think the break evens have come down. Efficiencies through a lot of the companies, a lot of large integrated names, i think thats a good thing overall i do believe that it was a telegraph punch that we saw from the ipo thats coming down the pike since when do the saudis to want share in the wealth. I thought that was telegraphed movement in the direction of oil. If you look at global growth, thats probably a telegraph punch as well. And i think, you see this runup that weve had in tech this runup weve had in every sector, except for energy and financials, keeps a hopeful eye on pro growth policies normally they give up 30 seats the demes only need 24, maybe its pro growth policies that shorts dont want to get in the way of eric, what about you, i see you have a couple names here in the market environment how would you describe the landscape and what are those ideas . Youve had more defensive areas of the market do well, and republican the momentum high multiple stocks do extremely well on the other side and looking ahead, we think the most important thing for the market to broaden out right here is really seeing good Earnings Growth in the remainder of the year we think its continue here in the Second Quarter when the results come out in a few weeks. And we still think you can find good opportunities and financials, some of those stocks, pockets of Consumer Discretionary and technology theres still some opportunities out there. Even though a lot of those areas have lagged the market so far this year. Were showing tower semimy and Eagle Materials there, you know, briefly speak about why, but tower in the semimyspace, why do you think thats interesting . Well, we think that theres a lot of leverage in their business, they basically operate semiconductor foundries. And their customers are fabulous semiconductors we think were in an early stages of growth in the internet of things. We think the cycle here for their business is much longer than previous cycles because of the landscape for semiconductors has changed. And that stock is trading at less than ten times what we think their earnings are going to be two years from now theyre getting beaten up and we take advantage of it here. Thats one of those, somebodys got to do it kind of companies. Hey rick, we talked about coming out of washington, what that would do to the yield curve and things, and growth in the economy, but if the price of Oil Continues lower, does that complicate the feds ability to raise rates down the road, do you think . Based on everything weve seen thus far in the market response, i would say no, it was a work in progress listen, we all reck the first time we had the big nose do i have in oil, and it had big repercussions in the financing end of the fracking game and much of the money side of the equation and high yield. We all remember that and this time, if you look at the hyg or you look at some of the spreads, there is some widening going on, the hyg is getting a little choppier to the downside, but its a far cry from the impact that we saw the last time, so i do think that every phase we go through with energy, i agree with steve grass, the break evens are lower, some of the financing issues over time clean up and end up in stronger hands i still say, net net, that dropping Energy Prices in the u. S. Partially responsible and how much of our own energy were using, what lng we can export. These are all big dynamics for positive change and for our economy, but theyre not going to be immediate. To answer your question right now, there are some who say the 30 years acting a little bit soft, maybe its energy, i mean, i cant connect those two dots at this point. All right, very good, guys, got to gob thank you all three of you thank you for joining us today about 45 minutes to go. Dows down 45 points today s p is only down about a point here nasdaq is positive by 42, some big differentiation there and the russ sl down about a fifth of a percent coming up next here, well talk about that move that nike could be gearing up for thats already sending shares of underarmor and footlocker lower. Actor George Clooney just sold his tequila business far bundle youre watching cnbc, first in business worldwide when this bell rings. It starts a chain reaction. Thats heard throughout the connected business world. At t Network Security helps protect business, from the largest Financial Markets to the smallest transactions, by sensing cyberattacks in near real time and automatically deploying countermeasures. Keeping the world of business connected and protected. Thats the power of and. Up after a goldman note suggesting that company is close to selling products directly on amazon currently sells subsidiary, but its products on available on amazon through third party dealers. Nike rival underarmor already selling on amazon. Theres an underarmor store on amazon. Check out the Sporting Goods retailers, dicks, footlocker, finishline, theyre all down big declines here. So what might this direct relationship with amazon mean for nike we bring in liz dunn, a pro forma to talk about that theres the question what difference does it make that theyre not selling through third parties that they would sell it directly on amazon i think it makes absolutely a ton of sense for nike. Selling directly to amazon allows it to control its brand imagery, you referenced underarmor, the fact that they have their own brand landing page its very organized. And brand appropriate. So this will allow nike to do that and i think itll also be more profitable than selling, you know, some of those wholesale relationships, those Third Party Relationships that end up selling on amazon. I wonder if it was telegraphed to some extent when they announced the layoffs, might have been early last week, they talked about sort of bolstering their director consumer business. It feels like whether its consummated with amazon or not, its hard to imagine it wouldnt be at some point this is an area of interest for them is there any reason they would stay off of amazon could their deals with existing retailers for something, would that pressure them im sure its a point of conversation around the, you know, the Conference Room table at nike. Nike is a very innovative forwardthinking company theyve aligned themselves with more of a tech mentality than a consumer mentality if i scan the list of consumer companies, nike is very much, you know, forwardthinking and at the forefront of things so i think that it makes absolute sense for them to align themselves with, you know, the biggest, the most growth in the industry, amazon is obviously growing. I think there was a point where a lot of brands were hesitant to sell directly to amazon, but what amazon has been touting and what i think nike is realizing, it can be very supportive of the overall ecosystem for the brand. Its tough, tough break for some of the retailers that sell nike. Yeah, i was just going to say, so, we see those other retailers, the Sporting Goods retailers down 4 and 5 today, does that mean the market is suggesting that they see cannibalism, in other words, if consumers are going to amazon and buy a nike product, where they otherwise would have gone to a Sporting Goods store. I think theres a little bit of that. Sfernl youre on kind of a replenishment business, if youre a runner, i order the same Running Shoes every three to four months same. Sort of on repeat and i order them from amazon theyre not nike what are they i dont want to get into that it a you replenish your Running Shoes every three to four months. I do too. And i go for the cheapest, whatever whacky color combination to get the size 11s. I wear the brooks reserena. Its kind of an old man running shoe its a Warren Buffett company, its a great company. But nonetheless, if you have that kind of replenishment business, ting lends it to that. Also, if you think about, like dicks for instance, how many families already have, you know, two, three, or more amazon deliveries coming to their house every, you know, every week . I see this now, instead of the tide button, right theres going to be the shoe button for liz and for kelly its time to reorder your next shoe right . You hit the button, and it arrives by they should know. There should be technology to say your soles are wearing down. Its time to get new ones. Shoe arrives by drone in the next hour. Thank you, liz. Thanks for having me. Liz dunn from pro forma joining us here. Tomorrow on closing bell, Goldman Sachs president and cochief operating officer Harvey Schwartz will be joining us we are looking forward to it you dont to want miss that tomorrow right about this time on closing bell. Coming up here, why bioteches are on pace for the best week of the year. Up next though, i dont know what im more surprised about, that chuny had a Tequila Company four years after starting only four years old well talk the tequila dreams of George Clooney coming up hey dad, come meet the new guy. The new guy . What new guy . I hired some help. He really knows his wine. This is the new guy . Hello, my name is watson. You know wine, huh . I know that you should check vineyard block 12. Block 12 . My analysis of satellite imagery shows it would benefit from decreased irrigation. I was wondering about that. Easy boy. Nice doggy. What do you think . Not bad. What do you think . You realize the smartest investing idea, isnt just what you invest in, but who you invest with. So, how are things cartheyise . Youre fired [ screaming ] its time to get back on top. Were going back to villainy. So bad so good that im so bad. [ maniacal laugh ] dont try to fight the feeling of somethin thats so organic. [ pop ] despicable me 3. Rated pg. It looks like oscar winner George Clooney has the mightest touch when it comes to tequila does he ever landon dowdy has the story for us, landon George Clooney is selling his Tequila Company for up to 1 billion. He will initially pay 700 million with the potential for another 300 million, based on the tequilas performance so for ten years, clooney and coowner randy gerber and Michael Meldman are expected to stay with the company after his acquisition. Clooney said quote, if you ask us four years ago if we had a billion dollar company, i dont think we would have said yes, this reflects the belief in our company and our belief in him. But, were not going anywhere. Well still be very much a part of it, starting with a shot tonight. Maybe two. The deal is expected to close in the second half of the 2017. He doesnt expect to add to earnings until its fourth year. This comes as tequila sales are on the rise. According to Alcohol Research group, iwsr, tequila volume grew by 7. 4 last year, and it is the Market Leader in spirits, in fact, back in 2014, he acquired another tequila brand, and more than 400 million from others in exchange for its bush mills whisky brand tequila is hot and he is betting big. Okay. Everybody who reads page six knows that randy gerber is Cindy Crawfords husband and the story goes, i was just reading that the gerbers and George Clooney have house next to each other. They bought yeah, they built homes in mexico together, and they wanted hey gary, whatd you got here . This bad boy is a mobile trading desk so that i can take my Trading Platform wherever i go. You know that thinkorswim seamlessly syncs across all your devices, right . Oh, so my custom studies will go with me . Anywhere you want to go the markets hot sync your platform on any device with thinkorswim. Only at T