cannabis and not rest until the industry pays for what it's doing. >> a warning shot for the craze du jour. you may have noticed a lot of red on cnbc, not in the markets. today is american heart association national red day to raise awareness for heart health, number one that's why i'm in red today. that does it for "the exchange." i'll join tyler and melissa on "power lunch" in a moment that begins right now. we'll see you soon, kelly. i'm melissa lee with tyler mathisen new at 2:00, job growth smashing expectations what that is saying about the economy and what it means for the fed. the best january for stocks in more than 30 years what february and the months ahead may bring. amazon and walmart shares, they are getting slammed at this hour both facing a new game-changing threat we will explain. "power lunch" starts right now >> good day, everyone and welcome to "power lunch. i'm tyler mathisen

stocks mostly in the green but they have lost much of their gains. the dow was up almost 175 points earlier. the nasdaq moving in and out of the red, still in correction territory. major averages on track for the highest since early december. let's get straight to one of the big drivers of the day and that would be the employment report the american economy adding more than 300,000 positions last month, the 100th straight month for job growth wages grew but so did the overall unemployment rate ticking up a tenth of a point. steve liesman here to break it down >> tyler, thanks the market digested a mass iiiv growth what happened? the bond market gave back some of the strong gains. the two year notarizing about five basis points after falling nearly 12 yesterday. so some but not all. you can see some of that right there. here are the numbers they're

reacting to. 304. the estimate was 170 so on the way to double the estimate november and december revised by 70,000 but december remains still strong at 220. average hourly wage 0.1% gain but the unemployment gaining, you can see in the labor force, up at 63% too. despite the strong numbers, telling cnbc in an exclusive interview the fed should wait and see before hiking rates and dallas president robert kaplan said it's important the fed get out of the way and take no action in terms of the feds fund rate and both comments coming after the number some economists say whatever was said yesterday by the fed or today, strengthening the economy will bring the fed back into play later this year, guys >> that means another u-turn so we've had a u-turn and now we're going to have another. they've come full circle if that happens. >> i think they went hard to the right or left, whichever way you go when you go more dovish

a few things in that statement that i thought didn't need to be said and they could have taken more of a wait and see approach in there. >> if the jobs report came out last friday, the fourth fed meeting. >> i think that's an excellent counterfactual question. i really like it because what i would say very easily is it would not have been dovish i think it's a really answer to make i think the fed was hurt a little bit without having some of the data out there. >> they can't afford to make another u-turn though. the fact of the matter is there's questions with the fed's credibility and if they do this again, the credibility factor will enter the equation even more so. >> so what i think will happen, the way i'm thinking about the fed now is in three month buckets. okay i think i'm going to take january, february, march, put that into a bucket and then take the next one and i think they're probably on hold here through march with likely june but look, if you do 200 and 300 and start bringing down, i will say, i

question james on this question this morning on how low it will go until the inflation goes up if that is adopted by the federal reserve, this will be one of the most single important shifts in thinking about policy that i can remember at least since the fed launched quantitative easing in 2008 and maybe overall if they're willing to test this theory that there is not going to be inflation created by a tight jobs market, it will be interesting to watch that. >> unemployment rate has risen the last couple of months. >> you have people come back into the workforce. >> labor force addition. not because the surge of unemployment. >> why did the number from december get revised down as much as it did and would you expect to see that with respect to this? >> what i do know about december, tyler, there was a low response rate from establishments at that time. i'm not sure why that was. i looked at the areas with the help of mike englund it was across the board.

services go down education, leisure, goods producing, all went down a 20,000 buckets here and there. no particular single reason. my best guess is attaching it to the low response rate. >> steve, thanks stocks moving higher on this first trading day of february after a blockbuster january. check out these three staggering stats. the s&p 500 had the best january in more than 30 years. small caps, best month since october 2011 and industrials, best performing sector in january up about 12% will. the rally keep rolling on? let's bring in michael roni. senior adviser to schroeder's a $600 billion global asset manager. good to have you with us the question is, nobody expects the kind of go forward gains, the likes chof we had in january

but do you think that the path is clear given the outlook on trade, the fed given to move higher >> i think investors got a lot of good news in january after very oversold conditions in december so the fed took a pause. folks were expecting the worst earnings we've seen in a while things have been a little better there, so i think they've responded to that. i think we're now going to pivot in february towards what's the outcome of the u.s./china trade negotiations what's the outcome of this budget negotiation, particularly as it relates to border security, brexit, and then what's the growth profile look like outside the united states and it continues to be troubled. so i wouldn't be surprised to see a little bit more choppiness in february than the really good returns we saw in january. >> ron, weigh in here with specific reference to trade and also, to what we saw from the corporate earnings report. i think 60% of companies in the

s&p 500 have reported so far >> i believe reporting better than 20% increases and earnings. some of that is still tax driven and in fact, the analysis is 13 percentage points of the gain we've seen in 2018 from an earnings perspective came from tax rate reductions. that's good news the comps get harder into 2019, tyler, but as we just said, getting favorable resolution on the feds steve said they might be out of play until june. that's good news, if indeed, we get some sort of deal on china, that takes a head wind away. i don't think there will be necessarily another shutdown the president might invoke emergency powers which he indicated in "the new york times" interview yesterday and then they'd argue about the border wall and build it with or without progress, and that's a separate political dynamic but doubt they'll go through another shutdown scenario specifically in the near term to some of the extent, all the

january indicators are positive and that was true last year as well and as soon as we finished january last year, we went into a nearly yearlong correction but again, some of the headwinds seem to be softening here. >> i am glad you mentioned last january because people think back to last january and wonder if there's a comparison to be made to what we're going through this year. the sentiment is very different lastian compa iajanuary compares january. last january, it was global synchronized growth and the climbing the wall of worries, a lot of investors thought the worst when it came to korcorpor profits and global growth. michael, given this bounce in where we are, would you be inclined to put fresh money to work and i guess this is a round-about way of asking whether the market is fairly valued given all the uncertai y uncertainties you outlined before >> i think the market is fairly valued if you think about it, the u.s.

is likely to grow between 2 and 2.5% this year interest rates and inflation are reasonable enough to support valuations you're coming off the third biggest contraction in s&p multiples we've seen since world war ii and you're going to have some earnings growth i do think the backdrop sets up. the one caveat i would make is that we would pivot from the high growth, high momentum securities that have really led the markets the last few years to ones that are a bit more kind of the quality of growth or better quality of growth, high profit margins, solid balance sheet, low debt to equity, increasing dividends, copious cash flows the s&p aristocrats index, for example. so companies of higher quality, stable earnings. >> we'll leave it there, gentlemen. thank you so much. shares of amazon getting slammed today reentering market levels and walmart takes a hit both facing a new possibly game changing threat to one of their

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wisconsin facility after talks with the white house but is no clarifying what kind of jobs will be housed at that $10 billion plant. in a statement, the company saying it is moving forward with our planned construction of the gen 6 fab facility which will be at the heart of the wisconn as well as a hub of high technology innovation for the region. president trump took to twitter saying it was great news on foxconn after his conversation with ceo terry gou the market environment when first announced had changed and was supposed to receive a tax break from the state to build lcd tv screens but the plant shifted as they fell short of reaching the job creation target guys, back to you. >> it's amazing because it sounds like, thank you, josh, trying to say, okay, we're not going to make the biggest glass that people are most excited

about or just do r&d but a happy medium here. >> it's unclear how many of these jobs are going to be blue collar conferring kimanufacturio and how many are high-tech research and knowledge jobs. i think that the promise here and certainly the implied promise was that this was going to put blue collar workers, factory workers. probably going to be a factory component here but how big and whether they will ever get to that 13,000 jobs is anyone's guess. we are watching amazon shares back in bear market levels back with weak guidance walmart taking a hit as well both facing a major new threat india putting new e-commerce rules in effect that would prevent them from selling to companies they've invested in. india snapping up stakes in several local suppliers. walmart buying india's flip cart

for $16 billion. joining us now, seema mody and senior analyst of equity research michael, i'll start it off with you. i was surprised that the discrepancy in terms of what they guided to and what analysts were expecting, the bulk of it could be attributed to india and the impact these new rules would have on amazon's platform there. >> yes, and i don't know that anybody expected india to be in the immediate opportunity. amazon only operates in about 20 countries and looking for the biggest to roll out. they see india as a big opportunity but i don't think anybody thought that was a q1 revenue generator. it's really going to be an all 2019/2020, maybe 2021 investment and that's probably why we were surprised.

amazon going to spend a lot of money in driving revenue. >> the immediate impact, michael, you outlined, up to 400,000 products in india. that could be pulled right now which would be basically a third of total sales in india. >> yeah, total sales in india. not a big number, so yes >> sure, okay. in terms of this rule going into effect today, this is to protect the mom and pops what's the context of this, especially given elections in india coming up in about four months >> the government is increasingly more protectionist and has to do with the upcoming election in may where there seems to be the prime minister modi will not get reelected partly due to the backlashes from small businesses and mom and pops, by the way, make up 90% of india's retail market they make up a majority of retail landscape and big chains up to 10%. you had amazon and walmart who entered india and they heavily

discounted their products to attract the indian consumer to incentivize them to come online and then a lot of small businesses who are lobbying against the expansion of these big foreign companies saying we're losing jobs and losing market share >> what would these rules do >> the rules, basically would stop from discounting their products and selling products they have an equity stake in the vendor they have an equity stake in it makes it harder to keep the price point where it's at right now which has worked very well in getting more indians online. >> i was just thinking about the fact, lauren, if you're looking for the growth and looking to china, we know the challenge is there and looking to india, especially under modi and thinking, this is it and now get a slap in the face >> it's a great point. the last frontier, china is taken. india is big, it is growing and when it comes to e-penetration, still quite small and analysts expect a lot of growth

i think the current e-commerce number is $15 billion according to one morgan stanley report some fluctuations but really expected to grow so now that you have these new restrictions at a time that both amazon and walmart have placed big bets, it's not ideal. >> a lot of criticism of walmart when they bought into flip cart, way too expensive and to keep flip cart from going into the hands of amazon. at this point, given these regulations, does it look more so they overpaid for that? >> i think it's a little bit too early to tell, right it's still very early. there's an election coming up. what happens after the election? what kind of conversations are going on behind the scenes there's a lot of uncertainties and frankly, we've seen walmart and amazon already figure out existing regulation in india, so it could be they figure out this new regulation as well. >> it's interesting, modi campaigned to stand up for the small guy.

he was a tea seller who then became the prime minister of india and maybe overpromised and underdelivered on that and that's why he's now trying to fight for the small vendor, the mom and pop as this election approaches. >> michael, do you think they sell off in the amazon stock overdone today and if so, why, if not, why not? >> i do. i think that $15 billion online spending in india is about right. amazon doesn't have the same market share in india that it does here. we're talking probably 5% of that we're literally talking about $750 million in sales and a third of the products are no longer available for them to sell it's a $250 million revenue hit on a $280 billion company. it's just not a big deal i mean, it's a rounding. i think amazon's probably down as well because opex came in pretty high. i think investors are worried about their ability to grow but

india is not the reason. the real reason is the numbers, they're just a giant company and when you're already at $235 billion, it's hard to tack on another $70 billion or $80 billion a year. >> thank you, michael pachter and cnbc.com's laura hirsch. kate rogers in banger, maine, looking at where the jobs are hot even if the weather is not. kate >> reporter: hey, tyler. i was going to say, nothing hot about the temperature here but the ems workers who staff the public and work the rigs, in high demand. much more after the break on "power lunch." than silicon valley? with a cockpit fit for aspaceship. hang on. radar that senses things the human eye can't. busted. and the ability to make a thousand decisions before you even make one. was all this, really necessary? what do you think?

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we can take care of this beautiful place that i grew up in. ♪ continuing to create jobs at a rapid pace one booming area is health care which added some 42,000 positions in january and kate rogers looks in banger, maine. >> reporter: ems training behind me as the health care sector continues to add jobs. here in bangor, maine, try hehiy trained paramedics can be hard

to find. can answer more than a dozen calls a day sometimes driving within a 2 hour radius of this location but he says helping the public is well worth it. >> the positive is that you get to step into the chaos of the worst day of somebody's life and bring calm, bring peace and have the ability to step in and help somebody on their worst day. and that to me is priceless. >> reporter: the system that he works in is called northern light health it has some 170 people in its ems staff, but they need close to 20 more staffers to be at full capacity. >> the unemployment is low i mean, that's a big part of it. this is a job that people used to get into, money of the more pathways was volunteerism and that's way down from what it used to be in the local communities, a lot less of that >> reporter: now, northern light will offer about $27 an hour if you are one of those highly

trained paramedics they also offer really comprehensive benefits package including a lot of paid time off, a retirement account but as we all know, a tight labor market and especially in rural areas, it can be difficult to find workers to fill these jobs. back to you. >> thank you very much kate rogers in bangor. now over to mike santelli for trading nation. >> tyler, thank you very much. well, halfway through earnings season and three quarters of the basket have reported with mixed results. the final stock to report, alphabet is the google parent set to soar back up a little bit with newton advisers point view wealth management to kick that one around mark, it's interesting alphabet is in a somewhat similar spot as facebook was, amazon was in the sense, about halfway between last year's highs and the recent lows as earnings were reported so how do you think that sets up for alphabet >> you're right, mike. alphabet had a healthy rally

since christmas eve, up about 14% and gotten back about 50% of the entire decline we saw since last july. this area is important and i don't really like buying the stock into earnings after this rally. i think it's likely the stock stalls out and starts to pull back a bit i have several issues, technically, and the advance has been pretty steep and structurally and gradually wane in momentum over the last couple of years most people look at daily and weekly charts and observe the potential for this to form a head and shoulders pattern over the last year and a half and it would have to get down under 977 to really confirm that but the bottom line, it's had a sharp rally whereas the broader pattern in the stock has been really flat so i'd rather just hold off and wait to buy under 1050 as opposed to chasing it here. >> on a fundamental basis, obviously, the business pretty much chugs along valuation is down. i guess you wouldn't call it cheap. how do you view it here? >> i think they're in the sweet

spot of e-commerce and digital advertising. google and facebook are dominating about 90% of every incremental dollar i would expect google to follow facebook's lead here post earnings but of course, it's going to be contingent on two things traffic acquisition costs and that's going to impact margins and love to see what google will do with all their cash they generate nearly $25 billion in free cash per year. right now, just buying back stock to offset delusioilution. i'd like to see them be more aggressive on that front yes, bigger post on the christmas eve rally here but i think there could be more to go given the growth rate. do google with 35 consecutive quarters with topline growth i mean, that's amazing. >> the growth is amazing finish with that scale but not being able to share with investors, we'll see if that changes.

thank you very much for your time today for more "trading nation," head to our web site or follow us on twitter @tradingnation back to you, melissa mike santelli. thank you. the war on wealth. senator elizabeth warren telling our own jim cramer that billionaires need to stop free loading. getting suited up for super bowl liii the buzz ahead of the kickoff, plus, the health of retail, real estate and the consumer. ceo will join us stay with us on "power lunch." >> and now, the latest from tradingnation.cnbc.com and a word from our sponsor. >> when markets get volatile, don't be afraid to admit where things are headed. signature on t sometimes the bt adto kes rade at all. don't do something, just sit ther

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hello, everyone. i'm sue herera here's your cnbc news update at this hour. president trump took a moment to tout this morning's strong jobs report telling reporters he wasn't surprised >> we added 304,000 jobs which was a shocker to a lot of people it wasn't a shocker to me. the country is doing really well we have the strongest economy

anywhere in the world. >> meanwhile, walmart, the country's largest private employer offering millions of its hourly workers paid sick time and will begin paying attendance bonuses employees get six days a year of paid time off to cover illness or emergencies where was it the coldest during the polar krvortex hit cotton, minnesota. nearly 56 degrees below zero just shy of the state's record which is 60 below. and hopefully, it's going to be behind us by tomorrow. that's the news this hour. >> i wonder how much cotton is in cotton, minnesota >> not much during the last couple of days, certainly. >> that's near duluth. thank you very much. sue herera the oil market is closing for the day. seema mody is there now. >> not only lifting equities but wti crude trading 55.21.

up 3% and also, the bullish forecasts from chevron and exxonmobil helping lift oil today as well. back to you guys. >> seema, thank you very much. time for the power rundown former mayor of new orleans, republican strategist, former white house aid to president h.w. bush. we'll talk a little bit about jobs and topic one is foxconn. they will move forward with a new facility in wisconsin and indicating it will include engineering and research jobs, maybe predominantly, foxconn said it was going to create thousands of manufacturing jobs in the state people thought that was a little bait and switch. fox had come into the chicken coop and that was the con in foxconn. >> foxconn gets my pinocchio

award. >> saying they're putting money in a manufacturing facility. my question to you, is it worth $4 billion to the taxpayers of the state of wisconsin to do this >> well, foxconn gets my pinocchio award for promising extravagantly and now delivering maybe very little and the people of wisconsin and the leadership of wisconsin come in at over 200,000 per job. the idea is they would be blue collar jobs for hard working men and women. i was in racine and kenosha last fall and a great deal of excitement and i hope that the people of wisconsin will hold foxconn to its word. they did the same thing in harrisburg, pennsylvania, a few years ago. they promised greatly and then delivered nothing. there's something wrong with this play when the people of wisconsin have agreed to invest so significantly enticing and

then there's a change. >> so joe, terry gou, spoke with the president and said they'll build a smaller manufacturing facility than was initially envisioned but have a lot of research jobs there. the same question to you your overall reaction and are these deals where taxpayers offer huge tax incentives, whether to foxconn or amazon or whomever, do they make sense to you? >> i thinkthis is a good deal still for the people of wisconsin and certainly, foxconn, mr. gou has to, of course, answer first to his shareholders but at the end of the day, this is a good deal and it's going to bring jobs to the state of wisconsin which is great. maybe not as many blue collar jobs as initially imagined but they'll be moving forward with a facility there in wisconsin and a good thing for the people and ultimately, it's worth the, whatever tax incentives given

will be well worth it for the people of wisconsin with regard to the number of new jobs created. >> let's move on to topic two, joe. cory booker's hat is in the ring now. and maybe, maybe howard schultz will get in as well. joe, do we need another billionaire businessman as president? a guy who has absolutely no experience in politics is that good for the country or does it matter >> well, this is a free country, so anybody has the right to run if they wish to and spend their money how they wish. of course, schultz is a billionaire so will be a self-funder. democrats will try hard to get him out of the race because if he has any kind of staying power, he will draw away from the democrat votes in the general election so democrats are trying their best to get him out of the race right now and i don't know if the deal succeeded then. >> mr. schultz, the businessman and cory booker. >> good to see cory booker, a

former mayor of an american city, newark, running for president. i know he'll bring the sensibilities in experience and time as a senator to the conversation i was surprised with howard schultz stating that, quote, i'm concerned about whether my own taxes would be raised or taxes on very wealthy people as a motivating factor for me to run. that's not the howard schultz that i know or the howard schultz i've come to have respect for. so i think his sort of animating purpose is inconsistent completely with what's on the minds of the american people which is a fair economy, which is their ability to be able to afford to pay for rent and mortgages and children and health care on their earnings. so his campaign got off to a very difficult start i think because of his own statesman and worth.

amassing great wealth is not necessarily a qualification to run the largest democracy in the world. >> we had a third topic. we've run out of time, guys. thank you very much. we'll see you next time. >> thank you >> thanks so much. appreciate it. >> new orleans got jobbed, mayor morial >> rick santelli >> today's data gives us a lot more to trade on and investors seem to run, whether they were selling treasuries, buying equities and kind of passing up the dollar index looking at twos and not only did it pop on strong data, it really popped on a 10:00 data now, we go back to fed day let's look at a three day of 10. see how they dropped on fed day? still down about a half dozen basis points a week though higher on the week tens, minus twos and steepen a

bit but rather flat since. if you look at the dollar index, it's really dropped on fed day and not really recovering. finally, the vix and this is important. right now as you see on this chart in november, the lowest levels in two months kelly, back to you. >> all right, rick new england patriots, you're not going to want to hear this, well, some people might, but there for the third year in a row and ninth time in 18 years are people sick of seeing them or super bowl ratings rock solid so much that brady and belichick can't hurt them? lombardy trophy, the stock draft ndll crown the champion on moay we'll let you know how things stand coming up.

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the average ad costs 5 million and the average american spent about $81 on food and party prep the ceo of bruins sports capital. great to see you. >> great to be here. thanks for having me. >> i know you've been a little more positive on the nfl than most the last couple of years. the ratings are up about 5% this year, which, you know, stems the decline but george, is america still falling out of love with football or are we going to be talking about 100 million plus viewers for years to come? >> you're going to be talking about 100 million viewers, at least for this sunday and 61 of the top 100 programs were the national football league and the afc championship game with the patriots, 54 million americans tuning in for that game was amazing. i think what you're seeing is the real strength of the national football league. >> it's probably a relief. cbs has the big game this

weekend. i mean, look, when people are even excited about the guy doing the game, you know they're doing something right. the sports rights become incredible valuable, george. who is it going to be? old school or a new school platform to give them the next go-around? >> it would probably be a combination. i don't think old media is going anywhere but i think you'll see an integration of new media and i think new media will be aggressive so it's a very exciting time, particularly if you're the national football league whose rights are not that far away from going to market. >> no, they're not so we'll see and again, if they get bit up and anyway, george, we're here in new york granted, a little bit parochial, but the front cover of the new york post and back all about the knicks right now the story lines, you watch espn and talk about when they're making a lot of their viewership around the trading windows for the nba. the tweets, the shows, it's the best, other than washington, dc,

the nba is the best story line going in this country right now. how can the nfl catch up with that and don't they need to? >> well, the nfl is a year round sport as well and the first guys to be here when i was at nascar, we used to measure their column inches and the nfl is incredible year round but no question, the nba is a hot property, well run, great athletes, a global game and a lot of great things going for it >> is the nfl still the premier live event programming out there? i assume it is >> no question, no question. eight of the top ten programs, 61 of the top 100. the nfl from a viewership standpoint is kind of like the nfl and then everybody else. the nfl is still the gold standard in terms of aggregating millions of viewers and it's really not even close. >> so george, meanwhile today, this report that major league baseball may be in the running for regional sports networks that apparently nobody wants

this asset is declining in value incredibly, especially when you take the new york yes out of it. would mlb be the right owner and why is nobody interested and if there's no major players interested, that means these things are coming out of the cable bundles, aren't they >> i think exactly first of all, major league baseball would be strategic. one of the channels of the regional sports network is without certainty on the digital rights, all you're really getting the discounted cash flow and therefore, the valuation that people are hoping for just isn't there because of the uncertainty of the cable bundle. but if major league baseball was bidding, they would eliminate that certainty because they could add very valuable digital rights i think it will be interesting to see how that plays out and it's clearly in the middle of the change in the media landscape. kind of old media, new media and you can see, without the new media, tied to the old media, these rights are a lot less valuable. >> who are you picking for sunday, george >> well, the rams have two great running backs, a great

quarterback, very good defensive line and two good coaches. the head coach with the offense and wade phillips on defense but hard to pick against the new england patriots tom brady, probably the greatest quarterback of all time and certainly bill belichick, probably not only the best football coach of all time >> rams or pats, george? >> pats, pats, go pats >> thank you so much for joining us >> thanks for having me. have a great day >> you too check out this chart of kimco realty up 6% so far this ar ayend we'll talk to the ceo next my experience with usaa

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a retail reit on a roll. shares up and beating the s&p. earnings met estimates yesterday. kimco owns shopping centers and includes tjx, home depot, whole foods and walmart to name a few. bring in the company ceo connor flynn. greet have you back on "power lunch. >> thank you for having me. >> you see the opportunity to

expand the portfolio why now and what does that say about how you see the retail landscape? >> we finished the transformation of the portfolio. we are positioning for the future of retail we are in higher markets and see that the retailers are understanding how to implement e-commerce with the physical brick and mortar world, investing in the most profitable stores and implementing new technology no connect to the consumer as quickly as possible. >> how do you think about that property that you want to buy, whether it be by geography or by how it's configured? >> it comes down to location, location, location shopping centers are one of the most underutilized forms of real estate 80% is parking lot and 20% is single story and if you own it it gives you the tremendous opportunity to add value through

den den dense-ification. >> when you say barriers to entry, what are ytalking about specifically >> it's very hard to entitle projects or build something new and not in my backyard is a term used a lot to describe where people don't want do see change and when there's barriers to entry typically what you have built is more valuable because you can't add to it or replace it with high barriers to entry, your real estate is worth more. >> talk to me of interest rates and whether you're relieved and what does that to you and for you to raise capital >> it does look like we're range bound. this seems to have helped the sector in terms of sentiment around real estate and especially investment trusts capital is wide open for the shopping center sector, private or public side it's a product that people can

get their arms around because it's anchored by retailers that are taking market share so -- and expanding. tjmaxx, home goods, ross, whole foods, stop n shop, safeway, are tailers doing quite well and continuing to expand the footprint. >> amazon wants to, as well. in addition to 500 whole food stores, more than 100 other retail locations including the amazon go stores i'm wondering how attractive would amazon be for you. >> they're a wonderful retailer, no doubt about it. they have the expertise on the e-commerce side. and they still have to work through some issues but i think long term they're going to be a great retailer and see the value of physical brick and mortar and seeing them expand rapidly with the concepts. >> is that a tenant you want >> absolutely. >> will bring in the foot

traffic so your other tenants benefit? >> they're one of the best in class and clearly they have had an advantage with the -- now that the playing field is leveled and online sales are actually being charged sales tax now, that loophole closed and now a level playing field. >> conor, thank you for coming by conor flynn of kimco. >> do you get -- okay. new intrigue in venezuela, reports there are 20 tons of gold stacked and ready for shipping out of the country. there was a russian plane parked on the tarmac at an airport since monday this plane reportedly left without the gold now reports say a cargo plane, a new one, landed from dubai and leading to speculation the gold is headed there, instead, guys bank of england -- everyone's involved in this trying to figure out what's allowed. the u.s. putting pressure on the gold not to leave the country. >> they need the liquidity to import goods in the country and the concern is this is part of the central bank's holdings and

sell some of the gold and revenues coming down you can't replace the reserves and what backs it >> not as if it's a stable situation as it is and talk about an accelerating decline. however it is resolved. all right. three major averages hitting session lows right now cnbc stock draft draws to a close this weekend we'll crown a champion on monday's show whochlt's in the running? 'lte y nt.t? wel llouex ♪ you should be mad they gave this guy a promotion. you should be mad at forced camaraderie. and you should be mad at tech that makes things worse. but you're not mad, because you have e*trade, who's tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean.

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that's why i go beyond the numbers. well, in just about an hour from now when the closing bell rings we are closing the books on the 2018 stock draft a. winner will be crowned on monday's show. we can't tell you who it will be and we can tell you who it won't be >> i think we don't need any other picks. i can't believe college kids respectfully gave me bitcoin millennials gave me bitcoin. i feel like it's over. >> obviously that bet on bitcoin didn't work out for todd flash crash gordon. it's down 60% since the stock draft. >> and remember how proud 2017 stock draft champion kevin o'leary was of that trophy

beautiful thing. we'll be -- he won't be getting one this year. >> ready >> yes. >> blue apron. >> oh! >> tell you why. >> below $2? >> no. because, because, if i recall, plated was a "shark tank" deal and i sold it for $300 million and very familiar with the assets i assume an acquisition in 12 months at a much higher -- >> and guy 0dami there >> well -- >> he got a couple of hours. >> yes he got whacked in the assets. >> step on up. >> who are the other contenders? bethany frankel. tim seymour. the chiefs fell short. eric dickerson's rams made it to the super bowl

who will win the 2018 cnbc stock draft and this beautiful trophy? >> beautiful trophy here right here. >> we'll crown a champion on monday. >> can't touch it. you need gloves. >> like the stanley cup, right >> exactly all right. good show on monday. thanks for watching "power." have a great weekend. >> enjoy the super bowl. "closing bell" starts right now. ♪ happy friday, everyone welcome to the "closing bell." i'm sara eisen. >> i'm wilfred frost the january jobs report beating expectations despite the government shutdown. coming up, we'll talk to former treasury undersecretary john taylor about that report. plus, cypress semiconductor soaring on the heels of an earnings beat. the ceo joining us live with the outlook for the company and the sector first, though, look at the markets. modest gains and losses all day long and reaction to what was overall a much better jobs report i