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tv   Power Lunch  CNBC  July 11, 2014 1:00pm-2:01pm EDT

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is really shaping up to be the worst week for stocks in several months. >> petsmart, activist investors, could actually be merging with petco. that does it for us the have a great weekend. power starts right now. the second half of the trading day starts now. >> scott, thank you very much. we start this hour with a major conference on always hypers. 30 million people have it right now. that number is expected to triple over the next generation, who is fighting it, which companies, how close are they to success? and can you invest and capitalize? >> well, cadillac says to germany, watch out, we're coming after you. the iconic gm division hiring a new boss for that unit. he is outspoken, he is bold. will he be enough to turn around the business? cadillac not doing, despite some very attractive cars, not doing
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quite as well as some would hope. lebron james, where is he going? cleveland, ladies and gentlemen. big shocker to many, but he says the pull of home was so great that he wants to go back to where it began for him. sue is taking her talents down to the nyse, but dominic chu has breaking news. >> there's all kinds of action in the market all the time, but in this case here, lebron james was the nba story that everybody had been waiting on, because so many free agent it is now can move to where he need to go, but here's the bottom line, lebron james is going back to cleveland, where it all started for him. he's an ohio native. again he played for cleveland right out of the draft, and he wants to help them earn a championship. lebron james basically said in his s.i. story, in his own words that he believes that he wants to go back to cleveland to help them win a championship. he only wanted to go back to
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cleveland. the only reason he would have left miami was to go back to cleveland. now, he talks about this idea that he wants to be a mentor to a lot of the younger players on the team, tristan thompson or perhaps ky kyrie irving, and this is a being deal for the city of cleveland. the majority owner of the cleveland cavaliers basically gave lebron a lot of grief when he let cleveland the first time, and now is welcoming him back with open arts. you've got to believe with the talent that they have and the addition of lebron james could very well be a very winning team in the nba, possibly even a title contender. we spoke to some people, again met on the street in cleveland, about what it would be like to have cleveland be as hot as it is right now. take a listen to what they said. >> it's fantastic!
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lebron is coming back, we're going to have a winning basketball team, the republican national convention. it's a great town without all of that, now it's even more fantastic! go cleve! all right. >> so you just sense the excitement with what's happening in cleveland. add the republican national convention, to lebron coming back, to johnny manziel being with the browns, and cleveland certainly does rock, sue. tyler, back over to you guys. ivities ivities. >> a tremendous boost. they went through some tough times, so i think it will be a fantastic time for that city. >> no, it's very nice. as he said in his statement, the pull of home was so great that he wanted to go back to where it all started in northeast ohio. we are now joined on the phone by adam the bull at 92.3 the fan in cleveland.
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adam, welcome. do i happen to know you from new york sports radio? i want i used to work on the fan in new york, that's correct, 2007 to 2011. >> i thought so. nice to talk with you. >> same with you. as dick vitale would say, it's amazing with a capital a. i have almost lived here three years and never seen the optimism excitement where it is today. people are going nuts. tonight downtown cleveland is going to be rocking like the cavs are playing a playoff game. this is a town that's been beatdown, no championships in 50 years, they've hit hard times, unemployment is high, they love their sports. the people in this town are great sports fans. they eat, breathe and sleep it. for once a guy is coming back, or coming here instead of leaving cleveland. we're used to stars going away,
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we're used to championships falling through their hands. instead it's the op sid. for the first time in a long time it feels like that possibility is right here. >> one of the obviously action speaks louder than words. one of the stumbling blocks, long talked about was the letter that dan gilbert, the owner of the cavaliers wrote, really castigating or even worse lebron when he left. one has to assume they have buried the hatchet. is there any news about what lebron and gilbert may have talked about when they met? >> you know, there was a report that came out today that said that was the one reason lebron was delaying a decision. i didn't buy that at all. i was told, and i've been saying this all week that at some point, i don't know exactly when, but at some point the hatchet has been buried. the letter was harsh, it was too harsh. he was rangery, he reacted like a fan, but lebron made mistakes,
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too, four years ago. he realized that. dan gilbert made mistakes. obviously they have come together here. if he's still mad about it in any way, it wasn't enough to keep him away from cleveland. it seems like all is forgiven between the two men. >> lot the happy hearts, and long faces i'm sure down in south florida adam, thank you. >> thank you. ty, a keep always hypers conference starts tomorrow in denmark. while there is no cure, many pharmaceuticals are trying to find a way to help the 30 million people suffering from this terrible disease. think of it as kind of the asko of alzheimer's. meg has the story for us. >> more than 5 million americans have alzheimer's. the number of people with the disease is expected to triple by 2050 without intervention toss slow or stop it. where do we stand in five drugs are turnedly on the market, though they only target the symptoms rather than the underlying cause. still, they're big business.
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one drew 1.5 billion in revenue last year. but we don't know the right way to fight it still. they're working on it. there are currently 67 medicines in development up from 22 a decade ago. the biggest players are eli lilly, roche, and a drug that could stop alzheimer's could be huge. they expected on therapeutic as well as better ways of detention and prevention -- detection and prevention, but funding is still a big issue. the association of the told me this morning that while funding got a boost of $100 million, it stade stands, compare that with the more than 5 billion allocated to cancer research, she says, and there, though we have a way toss go, they have changed the trajectory. more needs to be done. sue, back to you.
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>> absolutely. meg, i know you'll by following that conference as well. hi, dom. >> let's stay on the biotech theme. the stock is moving lower, as two members of the senate financial committee, including chairman ron wyden asked the company to defend the 80,000 cost of the breakthrough treatment for hepatitis c. is you can see there gilead shares down toward session lows. the stock is still, though, up some 34% just over the course of the past three months. >> dominic, thank you very much. a make shake-up until general motors. they're down 7% year to date, and there you see them today, up a little bit, about a third of 1% at 3788. the automaker reels from the
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major recall crisis that seems to go on and on. it has now hired a bold executive to run the struggling cadillac unit. phil lebeau is behind the wheel. >> this is a move that a lot of people in the industry are saying i think mara barra got it right, the new man in charge of cadillac has a strong reputation in the industry. he is the new president of cadillac, coming from infiniti, but he's being brought in to sharpen the focus of cadillac and get it to where it can compete. he resigned earlier this week, and earlier this week we did a couple stories abouted cadillac struggling. look at the luxury auto sales this year. cadillac is now the number 5 brand in the u.s. when it comes to luxury auto sales, and they're the only mass market luxury brand in the u.s. with slipping sales this year, down
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1.2%. well, he did a pretty good job in infiniti. they are mosting report global sales for the first half, but he wants to get back to the units, by the way, u.s. sales for infiniti, up 14.4% this year. keep in mind that johan denysshen said he's not a big fan of electric vehicles, because i bring that up because the extended electric range vehicle that's not been selling for cadillac, do not be surprised if he quietly over the next year or so said, you know what? let's move that aside. sue, back to you on that. >> i think you're completely right on that one, phil. we'll watch for that. despite the railroads market losses, still higher for july, we're down ten on the dow. the nasdaq is up ten, but the
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nasdaq is the worst performer so far this month. so let's head up town to the nasdaq. >> hi, sue, a tough week for the nasdaq, but recovering a bid today. two specific stocks. and facebook, which has been caught up in the recent tech momentum sell-off, rebounding in today's trade. ebay also in focus ahead of earnings report, microsoft, another bright spot. in fact today the tech giant announced the cloud-based company, on the losing side, weighing on the nasdaq, but ship stocks in focus. goldman sachs removed qualcomm from the buy list. following the massive run in the semiconductor index, up about 20% year to date, and now ear starting to see some analysts get cautious. see and tyler? >> thank you, seema, very much.
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we saw earlier this week, volatility creeping back in, and some are questions whether the bull run is over. strategic al days, sandy villery is the coof the morningstar villery fund. you removed your overweight rating, and you're a bit cautious. is that a correct read? >> that's correct, we remain overweight at the margin, but for the as much as we have been over the last several years. that's across all our asset allocation funds. we see earnings growth slowing, decelerating, but there still is a case to make for equities overall, particularly in the mid and late cycle sectors, the growth oriented stocks for which we remain commit to do with an
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overweight across the board. >> now, sandy, you're a contrarian. you believe the market may pull back, but from much higher levels. what's going to take us to those higher levels. >> if you look at the jobs numbers, up 288,000 in june, unemployment 6.1%, i mean, the economy is -- is doing much, much better. i think at some point what i would do is take profits in sectors like utilities and sell some of those things. i would sell bonds that have gone from 3% at the beginning of the year to 2.5%. i would use the opportunity to do that, and buy good quality growth companies at reasonable prices. i was actually on "power lunch" april 11th, and the market was around 1815, and recommended to your viewers to buy that dip, and stay on board. i think i'm going to say the same thing today, which is that the market may pull back, but it's going to be from much higher levels than we are today. >> rich, tell me what you have moved to an overweight in. i know you took some profits and
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changed your allocation a bit. where would you be overweighting this market? >> again, in growth-oriented equities, both domestically and perhaps more importantly overseas where we see greater opportunities. economic growth and earnings growth is likely to be much higher relative to domestic securities, or even emerging markets. in fixed income, we made a decided shift to pull back on duration and with the likelihood, if not high probability of higher rates and inflation to come. we're also fairly diversified across international fixed-income securities, in addition to some lower quality fixed-income securities as well. >> sandy, you get the last world. we're into earnings season once again. is it going to be a good season? >> yeah, i think it will be. profits are supposed to be up about 4.9% from this time last year. we've got to figure out waust weather in the first quarter, or is this something to further look into.
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i'm very confidence in my companies i own, we consequence trade on just 23 holdings, and we think earnings will be good, so we look forward to seeing that. >> gentlemen, have a great weekend. rich and sandy, we appreciate it very much. >> sue, thank you, breaking the immigration deadlock, three american business icons came together to write an op-ed piece today. warren buffett, bill gates can gets together with sheldon adelson. why can't congress make a deal? and see why this japanese politician is crying. he's upset because he didn't want to see lebron go to cleveland, wanting to stay in miami. we'll explain. tion is here. ♪ ♪ during the cadillac summer's best event, lease this 2014 ats
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welcome back to "power lunch." the weakest sector in the s&p 500 today is energy. currently trading, you can see there down towards their -- i call it the session lows. this as oil prices continue to fall. now leading the way downward in the energy sector, cimarex, newfield, cabot, chesapeake, so a mix of names. there are a lot of big names to the downside. back to you. dom, this is contrition, a japanese politics accused of spending thousands of public money on 345 trips in the last three years. certainly can't see this perhaps with our congressionally
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leaders, ty. >> that's contrition right there. he is unhappy. i wonder if he had fun on the trips, at least. three of america's top business icons calling for an overhaul in a "new york times" warren buff get, bill gates and shelleding adelson say the american people deserve better from congress over immigration reform, but they were short on specifics, so what is the solution? joining us is cnbc contributor jimmy pethakukus. jimmy, where is the common ground here? what does the gop want? i recognize that the gop is kind of fractured on this, and what do democrats want? >> well, first of all, that op-ed was really a recognition that they're not going to be comprehensive immigration reform any time soon. any chances of that happening have been quashed that being
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said, it's a 6-inch putt, it should be obvious. they es folks who start businesses, work in high-value industries. they would be great folks to have, but within the republican parties more generally, they don't see this that way. there are a lot of folks, particularly in the talk radio world, the tea party folks, who just don't see that it's a big economic plus to be bringing in any sort of competition for u.s. workers. on top of that they view immigrants as just adding democrats. they know, for instance, they voted overwhelmingly for president obama, so why would you want to bring in more democrats? >> i say let's bring in the brainiacs, the entrepreneurs, and bring in as many as possible and do it as soon as possible itches there is a bipartisan bill that got through the senate with almost all the democrats and about 15 republicans, so that is a starting point. you would assume that if the house moved there would be a
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compromise between that senate bill and some more conservative version, but that's not going to happen at all. the reason is the people who are opposed to this, as jimmy referred to, they're not people who are impressed by sheldon adelson or bill gates or warren buffett. this is a pop you list tea party movement that views those figures with suspicion. jimmy said the situation on the border killed comprehensive reform. that's about the tenth time it's been killed. it was killed before that when eric cantor lost to dave brat ton, and killed before that when mcdaniel ran ahead of cochran in mississippi, and on and so. >> gentlemen, thank you very much. obviously a thorny issue that the company would love toss progress on one way or another. gentlemen, thanks again. sue? >> speaking of warren buffett, he is betting big again on one red-hot sector. we'll tell you which one it is.
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plus crime and punishment today an underground poker ring for hollywood celebs is busted. >> i turned around and watched the most successful men in the world lie and bluff to each other. >> you won't believe how much was changing hands and the a-listers involved. that's next on "power lunch." and you're talking to your rheumatologist about a biologic... this is humira. this is humira helping to relieve my pain. this is humira helping me lay the groundwork. this is humira helping to protect my joints from further damage. doctors have been prescribing humira for ten years. humira works by targeting and helping to block a specific source of inflammation that contributes to ra symptoms. humira is proven to help relieve pain and stop further joint damage in many adults. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events,
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check on you shares of mondelez. that could lead into a potential sale of that unit. the to be is up session highs, up 3% on today's trade. it was a high stakes poker ring involving a celebrity and a bunch of a-listers until it was busted. andrea day on the case with the woman behind it all. >> she was surrounded by billionaires, a-listers and living large, but her all-in underground poker world came crashing to a halt. >> i sat around and. >> a high stakes world molly bloom will never forget. it started in los angeles where she was working for a wealthy real estate developer. >> he told me as one of my weekly duties, i was going to help him coordinate a poker game. >> but she had no idea how big this game would be.
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>> in walked some of the most famous faces of our time. they were handing me stacks of cash. i'm counting $100,000 in the corner. >> reporter: molly was hiked. >> yeah, it was like falling down a rabbit hole. >> she quickly turned it into her own business. >> the numbers were just enormous. you know, i know a guy that lost $140 million in one night. >> the regulars, she says ben affleck, matt damon, leonardo dicaprio, a-rod and tobey magui maguire, star powers. >> they guys are, you know, a lot of them when they make moves, the whole market moves, you known, and they want spider man to autograph their poster. >> reporter: molly says he was on first-name basis, learned what motivated them and more importantly, what brought them back. >> for taby, every single vegan
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dessert, and all ingredients. >> did he win a lot? >> he always won. >> ben was very nice, very smart. leo, of anybody that ever came to the game, he was the least interested. >> reporter: were you living large? >> i was driving a bentley, huge houses in the hamptons for the summer, i lived in a beautiful apartment. >> reporter: but pleasing the stars took a toll, like when he offered $1,000 tip. >> he said i think you should have to bark like a seal, and i laughed and thought it was a joke. he kept going with it. i refused to do it, but it was very uncomfortable. >> reporter: eventually she took her game to new york city, but when the economy was tanks she said ironically she was hosting the biggest games of her life. >> i would have people walk in, i want to buy in for a million dollars. >> she admits she was driven by greed and admitted to take a
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rake, a cut of the pot, making her games illegal. >> i absolutely regret it. i had this big business, and i was removed from reality. >> reporter: how far would you go for money? >> ultimately i went way too far. >> reporter: she says she found herself in the dangerous world of organized crime. when she turned down gangsters looking for a cut, she was beaten up. >> there was this moment when i realized i was completely lost in this thing, because i didn't walk away. i stayed in it. >> reporter: until she was indicted in a $100 million gambling ring along with this russian gangster, and the billionaire art dealer and playboy. she said her money was frozen, seized by the government. >> what was a life-changing moment for you? >> they put a piece of paper in front of the me that said the united states of america versus molly bloom. i don't think you ever want to be on the other side of the united states. >> reporter: she ultimately pled
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guilty. you faced jail, you a month ago walked away with probation. >> yes. >> reporter: was that an enormous relief. >> enormous. it was a terrible day when they took my money, terrible, but it was nothing compared to when they locked me in a jail cell. freedom is 100 times more important than any money. molly talks more about all those celebs in her book "molly's game" we reached out to all of them and got no response. >> sue? >> ty, the gold market is set for a sixth strait weekly gain with all the volatility in europe. well, right now on the week it may be higher, but at the close we're down about 1.80. ty, back to you. to another commodity of sorts, the darkness is giant schools of anchovies, millions of them in shallow waters out in la jolla, california this week. those anchovies, that's great.
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it was shot by the scrips institute -- can you listen in beach-goers and sea lions seem deeply curious. they probably are dining on the anchovies. if you cook them up just right, they are really good to eat. >> those anchovies are also great in caesar salad, by the way. just my take. the japanese newspaper said that sofbank is poised to -- this could possibly pave the way for a possibly merger between t mobile and sprint for which sprint has a majority shareholder in sofbank. >> to the bond market, interest rates have been a big focus, and our markets here at home. the dow is holding in. ric ricky, what does it look like
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from your front? >> now, when it comes to interest rates, i know we didn't have a big data point this week, but the big data point may be the treasuriees themselves. we're down three basis points on the day you open the chart up to may 30th, this is like a rerun, because we've tested this to come to that close several sessions this week, but this one on a friday looks to be the real deal. as far as foreign exchange, the dollar indexes you see is down just a bit, but virtually inchanged. unlike the previous week, it's closing at a level that's positive territory for 2014. sue, back to you, and have a great weekend. >> you too, ricky. ty, what's coming up. >> tell you about the energy stocks. the sector on fire so far this year, so to speak, outperforming the s&p 500. warren buffett a big believer.
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why the oracle of omaha is betting on energy stocks. is he right? plus as online retailers expand their reach, one company is fighting back by offering an experience you can't find online. courtney reagan explains. >> next on "power lunch", grocer-tainment, not a real word, but a real experience here. keeping customers entertained is the future of the supermarket business. we'll tell you how, coming up.
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can. all right. some headlines for you, check out shares of finish line, trading lower after a downgrate, citing running concerns. down 4.3%. shapes of "new york times" also in the red after jahvid race reduced the, 2.5% down to the down side. potbelly bouncing back.
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yesterday that of course was due to weak guidance, it's up 3.5% today. wells fargo kicking off earnings. meeting street estimates. what are the other big bank earnings and investors need to watch? dominic chu is here to take a look. >> maybe some concerns over the interest margins, possibly expenses and what they're expected to do. wells fargo was important. the reason why all investors care is that the financials make up 16% of the s&p 500. it's the second biggest sector, and carrying a lot of weight. it will be interesting when citi records. they do very large capital markets activities. we've known for some time that a lot of his big banks may see
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some declines because of the declines in trading activity. so citi a big one for monday. on tuesday, two other big names in traditional banks and of course invest banking. goldman sachs and jpmorgan chase, two very large companies, two companies part of the dow jones industrial average. that will be key here. on wednesday, basic of america recently kicked out of the dow, but still an important part of the overall financial system. blackrock, and then friday we finish it off in terms of the big five with morgan stanley, also heavily left to tradele. they carry a lot of weight in fact they could see earnings estimates fall by about 3.1% when all is said and done. back over to you. >> dominic, thanks very much. the energy sector, the third best performing one of the year, plus outperforming the broader market as you see there.
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warren buffett is among investors now favor some energy stocks, berkshire hathaway has stakes in the following five. all up for one year with very nice gains. is buffett on the right track? well, those stocks certainly are. what's the best way to play energy right now. gentlemen, welcome to this friday afternoon. jim, why don't you start here, and tell us what you think of energy more broadly, and whether you would follow buffett into any of those stocks or you have others you like. >> just to concentrate on the buffett portion, several years ago he made a large stake in conoco phillips. for him to be becoming back and increasing his focus, it probably means once bitten, twice shy. i do think there's probably
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influence from some of his managers, but i think it's a good thing. i think from my standpoint that warren buffett hasn't pensioned. some of these companies pay a nice dividend of the there's not many yields you can get with any appearance of safe yields. >> i know you have on your potential buy list an -- >> i do, ty. my favorite pastime is arguing with iuorio, but i'm not going to argue with him today. i actually like the xop, the oil and gas sdroifr etf. if you look at the gains, it's double the broad are market, but look at bakers heights. also the xle, another energy
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etf, but hold on -- >> before you jump in, way for the stocks to come down. >> nobody hates increasing in love-fest more than i do, but two thirds of this is from the u.s. this energy boom is enormous. i think that's solid way to play it as well, but i like the dividends from some individual names itches there's a lot of room to grow, like iuorio, grow up in the energy sector. >> now here we go. what do you think of lebron going back to cleveland? >> it's the way he does it that's more important. there's no big decision on tv, with smoke and -- >> not this time. >> i think he's doing it in a classy way. i like it a lot. >> he and johnny manziel will shake up that mistake on the lake, hashtag. good for cleveland. >> have a great weekend. gentlemen, is am zone one
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step closer to living your products by drone? josh knows. >> sue, amazon has gone to the faa for permission to take another leap toward drone delivery. just how far the growth has already come. that's next. sue? what are the brick and mortar stores doing to fend off the -- they are creating an experience that you can't find online, you can't bottle and certainly can't send it by drone. courtney reagan has that story. >>. >> if willy wovena had made sausa sausage, is it might have been looked like this. the grocery experience doesn't have to be boring. >> what will it take for you to go back to stories rather than voting online? go vote. we're back in two. your 16-year-old daughter
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hey, josh. >> sue, one day seeing drones delivering packages will be as norm at ago see mail trucks on the road. that's what amazon says, asking for permission to test its unmanned delivery aircraft. jeff bezos wants to use drones to deliver packages in 30 minutes or less in a service called amazon prime air. the company is testing drones that can -- and carry a five-pound payload. right now a team consisting of scientists, engineers, even former astronauts, testing durability and flight duration inside a research lab. that's because f.a.a. rules
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allow hobbyists and manufacturers to fly unmanned aircra aircraft, but not companies. what does this mean for amazon investors? >> it's completely immaterial to the investment tleez probably for the next three years, but this is a part of loan-term innovation. i think a bigger innovation will be the use of robots within the company's own distribution centers. >> the faa says amazon smu show that the operations don't adversely affect safety and would be in the public interest. there will be a comment period and there tsunamiline for a decision here, but americans don't actually love the idea of drones in general. pew research says 63% think letting them fly through airspace would be a change for the worst. only 22% like the idea. >> i wonder how noisy they are. do you have any idea? >> no.
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certainly there's a lot of concerns in terms of safety, in terms of noise, but amazon's team we now learned from this letter, hard at work to try to address all those shies. >> josh lipton, thank you very much. from drones to phones, amazon is changing the game, particularly for brick and mortar stores. what is preventing check from checking the code in stores, and then purchasing it online. how can stores fight back? by creating an experience you can't find online. corti reagan introduces us to a company that does that. >> reporter: this doesn't look like your typical supermarket. >> ascary as it was we had to make the first step. >> that's clemmons, north carolina, ground zero for lowe's foods, a 99 location grocery store chain reinventing itself and the grocery shopping
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experience. enter branding expert martin lynn strom. >> has it worked? >> the problem with grocery shopping, you feel like you're dead. it's so boring, right? we hired the people from disney, hired entertainers. >> and suddenly people feel alive. >> reporter: why? there's a sausage works. the chicken kitchen, the beer den and community table, hosting events from recipe sharing to speed dating. >> i think one of the most important thing is creating an experience that's millennium rabe. brick and mortar stores are not going away, but we no that a large percent of spending is online. >> attracting heavyweights like amazon and walmart competing with peapod, freshtrek and harris teeter. >> you can't compete on volume,
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you cannot compete on prices, because an online rae tailer will always win. >> reporter: so the new strategy which they say has boosted basket size by 7% and transaction volume by 23% is customer experience you could find online, like the celebratory dance every time a rotisserie chicken comes out of the oven. >> it really is about finding a connection with a guest, to have them come back and sigh my gosh, i had so much fun in your store. no other grocery retailers is doing like this. >> they're remodeling ten more stores this week offering quoormers great products and a good time while they shop. >> really good. >> reporter: courtney reagan cnbc. i could definitely get behind a grocery store with a beer den. that seems to work for me.
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grocery stores are really the best ones part theater. to that end, to shake hurl customers have, lowe's has a stage manager, whose job is to gauge the mood in the story. they're now drawing from schools of the arts and theaters, saying as long as people can play the role, they can teach them about lettuce. but there are tradeoffs. the company lost 30% of the management team in the process of changing its corporate culture. not everyone bought into the chicken dance philosophy. for more on grocer-tainment and additional video clips, go to cnbc.com. while you're there, go vote. we want to know what it would take to get you out of the habit of shopping online and get you back into store. julia boorstin, i am told is an avid online shopper. entertainment, is that how they would compete to get you back into the story, julia? >> i think it's a great idea. i love ordering things online.
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i don't have a lot of time. i do have two little kids. i just yesterday tried out amazon fresh for the first time. if you can maic it into an experience that's more like going out for a meal or going to the movies, you would get me in there on a saturday. it seems like more fun that is the alternatives. it just has to not feel like an errand. >> i agree. >> sue you're a busy working mom with three kids, just like julia, what would it take for you to get off the mouse and ki kikiboard? >> actually when it comes to grocery shopping, an experience like that, because i independence up with the kids on the weekend -- i shouldn't say i went up, but they're with me on the weekend. they would love to go to someplace like that where there's a chicken dance. if you can get the family together to do whatever it is the shopping experience is, i think that makes a big difference. i really do. >> more and more grocery stores, as you know, are going to the
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sort of hang out, eat, whole foods. >> it's a destination. >> it's a destination. >> and we're seeing in los angeles especially the rise of farmers' market as a fun destination. there's a thursday night farmers market in my neighborhood where there's music. i want to go there a lot more than grocery stores. >> do you buy online and what's your experience. >> i don't. >> >> reporter: i do. i've tried all the services. i've tried inns that cart, just recently tried amazon fresh. i think they're interesting. i'm not totally sold. the amazon delivery service has massive packaging that's sitting in my house right now, so you want something that feels efficient and convenient the whole way through the process. >> i like see the process, i like see it. i like to talk to my fishmonger and the butcher. >> i'm buying more ofs things like cat foot and cat litter online because it's heavy and i don't want to carry it home.
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>> that's true. >> but other things i like to go to the store and eyeball the stuff. let's lock in the viewer vote. what would you get you back in the store. 4% say a great experience. 23% say you're hooked on dotcom, and 73% say the convenience of the store. sue? >> all right. that's kind of interesting. this is the ultimate weapon in the super-rich status quarter, your own fleet of military tanks. you've got to have a lot of space for that, robert frank. >> absolutely. nothing says you're rich like your own sherman tank or scud missile launcher. how to buy them at the military auction that starts today. coming up after the break. dad. he helps looks after all our money. kid: do you pay him? dad: of course. kid: how much? dad: i don't know exactly. kid: what if you're not happy? does he have to pay you back? dad: nope. kid: why not?
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that's enough time to record a memo. idea for sales giveaway. return a call. sign a contract. pick a tie. take a break with mr. duck. practice up for the business trip. fly to florida. win an award. close a deal. hire an intern. and still have time to spare. check your speed. see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business. built for business. western dig at shares, also cyr ox, all helping to those gains. >> lock add low,s in play things for the rich, robert frank. you might want to consider one of these, this is a jumbo sherman assault tank, your for $1.5 million.
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the next one is a assistancer, for $2.5 million. we also -- >> the german makers also cost more. >> nothing says you're the king of a road, half track, check this out, you can carry a crane and a crew in the back. finally more if you're a missile guy, a scud surface to surface missile launcher, yours for about a million. you need one of those if you have a tank. >> and just say tanks for the memories. mandy, what's up? >> it's a big deal, right? and we're going to be talking values, teams, players, dollars and cents. and also the prosecutor joining us with his take on the
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s&p 500 basically flat on the trading session, less than a tenth of a point move to the upside, and the yield on the ten-year, ty is at 2.51%. >> have a great weekend, sue. "street signs" begins right now. >> lebron james goes back to cleveland, yes somehow the dow is still down you are get our point, folks, it is a big day in cleveland. to start the show, cleveland, this is for you! congratulations. all right. but in other non-lebron news, we're going to explain why it's unclear about the stock market and some people seem to always buy at the top. a new video show you why you should never everet

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