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Nike’s LeBron X to Be its Most Expensive Sneaker

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  • Description

    FBN’s Charles Payne on back-to-school retail stocks, including Nike.

  • Duration 3:18
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This transcript is automatically generated

IRA he does need a -- -- back to school.

Open awhile man -- -- not only do I think or don't do it then that -- -- being issue and clothing prices by five to 10%.

I know witnesses firsthand sneaker giant will also debut its most expensive sneaker ever.

But look run -- Panel that means go look them -- Los Angeles I think yeah.

At -- think he didn't walk in the -- it's gonna get thirty bigger -- fifteen dollars of I don't know and a when more on Nike and how to make some money with itself came easier do we behind Nike because -- By nineteen that that's silly because -- issue -- like it does have a problem.

And it's it's it'll that the pricing power in the you know believe -- not -- -- Justice Department -- -- a little bit now.

Listen it costs them more.

If you -- -- -- -- products is that why it's well I think the bottom line another American Idol honestly could now Vietnam that China anymore -- China's becoming too expensive for them to actually make sneakers and got some input costs also.

But you know any company that has the ability to pilot pass on price increases for me always you know it's it's a sign it's a signal of consumers are willing to pay more.

Like look at apple people willing to pay more for their products and despite all the long line of would be ipads and iphones out their competitors.

But I cantaloupe stronger competitors -- Clinton and -- I I -- think you know they've got one real in my mind true global commitment and I did a -- now after that I think about what's after that globally what the giants sneaker company.

-- got a lot of it has.

We'll let that's not the United States and indeed this is not that hot here and it's not it is not.

Ten and the same thing -- -- -- last night it's worth the work they're doing in Europe as well but the point is though -- to global giants.

Sort of duking it out if you will widen and you know it's up my my son has gotten the sneakers in the last year.

Before he loves -- not -- -- get through by had a nice spears naked I got a memo bells and something was wrong you know light.

I don't wanna look my Cuomo is likely unicameral delta is that the W some yeah.

Yeah yeah up OK yeah and -- and now ready and to sneakers which brings up a good point you know 315 dollars sneakers.

-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- I still think of your ruling if you've got a portfolio of World War I king and that worried about -- the stock you can handle it.

Booked a five year ten year twenty year chart in this -- -- don't talk about.

We have one global competitor -- your great company because now he is a great company you're right I think it's gonna I mean.

Less and -- up 20% and eyelids and out of buys -- the kids in this country don't spend your money in this kind of stuff that's stupid I don't I'm not decide this not by myself territories twenty dollar skips.

And buy stock bid up to avoid I didn't mean that's another intangible I don't want you to not tell my name -- more than -- -- back.

Could take up another hundred -- -- logo -- I ran home a lot.

The dollar thank you think and you -- they'll have.

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