bill has done terrific things running walmart u.s. >> if you follow economics, customers are doing okay. lower income customers are feeling a little more stressed. >> reporter: walmart says simon isn't sure what his next role will be and his retirement agreement prohibits him from working for another retailer for two years, which means all those other retailers looking for a ceo target, dollar general, j.c. penney, american eagle and others can't ask for simon's resume. he may have to abide by a non-compete but don't feel too bad, his retirement gift includes more than $9 million in cash, benefits and consultation fees. >>> investors continue to hit the like button on shares of facebook and that is where we begin tonight's market focus. we told you about facebook's blowout earnings. investors got a chance to react to profits today and bought up shares of the giant and then some. with today's gain, facebook now at a record high cracked the top 15 most valuable companies in the s&p 500. it's $190 billion market value makes it bigger than coca-cola and at&t. the stock 5% higher at 74.98. >

he is the kceo of walmart u.s. walmart made a big pledge. $250 billion on products made in the u.s. and supporting u.s. jobs by the year 2024. the world business network, worrying about profit margins. it's expensive to produce in the u.s. how will you protect the profit margins? >> the economics are changing. that's what this is about. an open call for the first time ever we've invited anybody who makes or assembles a product in the u.s. to come and show what they have and we've seen exciting products already in the day's 1yu69 started. economics are starting. a generational shift with the labor components rising in asia. demand poor products rising in asia. transportation costs increasing, and lower energy costs domestically, there are categories that are already less expensive to manufacture in the u.s. that old notion that it's going to be more expensive because it's made in the u.s. is not the case. right now we're seeing products that are the same price or less than they are manufactured outside of the u.s., and that's why the momentum

u.s. and the world's largest retailer in arkansas. walmart is looking for venders with products 90% made in the u.s. to add to store shelves and online to add to a $250 billion comment to support commerce tick products and jobs. vice president of sales of loose plastics traveled to arkansas from new york to participate in the retailer's made in the usa open call. walmart's version of shark tank. rosenburg said it went even better than he hoped. >> this will take us to the next level. doing business with walmart will put us on the map and grow our company more. >> reporter: getting a distribution deal with walmart offers an incredible deal with them. the company seen sales decline for five quarters and the stores open a year here in the u.s. walmart's u.s. ceo says while the unemployment rate is at the lowest in six years. the core consumer isn't a part of that job growth. >> the unemployment numbers particularly have been difficult to read with the number of people dropping out of the work force, and i think it's going to take a while, six mo

let's go to walmart and the news announcing the departure of walmart u.s. n, right. >> he was on cnbc about two weeks ago. >> yeah. i mean -- he's been with walmart for eight years. they say that they're naming greg for inthe president and ceo of walmart u.s. what's interesting about this is walmart's u.s. same-store sales have suffered recently. that's been one of the pressure points that they've been watching in the business. i looked for the -- for the fourth quarter, the sales in the u.s. were down by 0.4%. some people, some analysts have suggested that they have a significant decline in the company's pricing advantage that they used to have, in some markets it's completely disappeared and makes for much tougher sledding for walmart to figure out what to do with that. bill simon was part of the team, putting forward the idea of the smaller store expansion. some of the neighborhood markets and some of the express stores. although some on the street have suggested maybe a better way of doing that would be to buy family dollar or some other way of going at

the current ceo and president of walmart asia will take over as walmart u.s. eo just three years after joining walmart china from woolworth australia, this move marks his second promotion since june. sales at walmart's u.s. locations open for at least a year have fallen for five straight quarters. traffic has been lower for six consecutive quarters. while a lot of retail remembers in need of a ceo, it won't be simon. the non-compete clause in his retirement agreement precludes that for two years. >> we want to talk more about bringing this new ceo over from asia, what it means to walmart here in the united states. >> joining us, bud gotch from raymond james. do you expect a big shake-up here? >> i don't expect a big shake-up at all at walmart. i think they are on a prescription to try to right the ship. think that's been a big focus of doug as he's taken over the company. but i think the company -- we have at least comps improving toward the back half of the year for the head and that's our expectations. >> where is that positive momentum from walmart coming fr

lumber liquidators, tractor supply, container store, walmart u.s. you could throw five more at the board. what's the problem here? >> well, i think this has been going on now over a year. we've had a lot of situations in consumer and retail where a lot of investors have explained them as one-off situations. company-specific. but at some point you have to think about it as a trend. you talked about, threw out names. this week, let's talk about it, it's kind of the good, the bad and the ugly. we had costco, june sales slightly better than expected. the stock hung in there. then that was the good. the bad, we had family dollar missing. guiding down. the stock was down 5% on the week. then we had the ugly. the ugly was really ugly. you mentioned lumber liquidators. 28%. container store down 26% on the week. so at a certain point they're less than one-off situations. you've got to start thinking about it as a trend. >> you have to start thinking about it, when the ceo of container stores says we're in a retail funk, that's sort of on the same exact day t

walmart's u.s. ceo says that the companies may be hiring, but the improving job market isn't spurring consumers to consume more. the middle and low income customers appear to change their shopping habits, which is not the best thing in the world for are ae tailor. he says they're splurging on events such as back to school and holidays like july 4th, but they are pulling back in between. about one in five of walmart's customers relies on government assistance to buy groceries and other goods. he says, quote, people think we do better in dune economy. we don't. we do better when gdp is growing, when the economy's good and we really need that in the long run for the business to improve. walmart's first quarter profit fell nearly 5%. the company's forecast weaker than expected second quarter results citing the continued financial struggles of its lower economic customers, among other things. "the wall street journal" reports since taking over in february, the new ceo has directed management to speed up

u.s. shale manufacturing. we'll catch up with mr. rosenburg and how it works here at walmartlley," speaking with the u.s. ceo, bill simon, a lot of questions to ask him, certainly about the made in the usa open call and his view on the economy and if jobs are really helping to contribute to sales. back to you. >> yep, making waves with those comments, looking forward to the interview m thank you very much. >>> coming up, the next great american restaurant, chief operator and co-host of the new show "restaurant stat up" will be here to talk about what's coming up on his show after the break. if you have moderate to severe rheumatoid arthritis, like me, 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 p

walmart will have a new u.s.month. 53-year-old greg foran is taking over as president and ceo of the u.s. unit, succeeding bill simon. for more on the story, julie hyman, who has been following walmart quite closely. why is simon leading? >> it is interesting. on one hand, walmart has been flagging, and u.s. revenue is a huge part of what walmart is. on the other hand, bill simon was recently passed over, essentially, to become ceo of the entire company. doug macmillan got that job. it might be that he is leaving for that reason. came from walmart in asia, and now is going to the u.s.. what do we know about him and his style, and his turnaround success that? >> he has not had experience in the u.s.. >> that might not be a bad thing. >> i believe he is a new zealand native, though i have not confirmed that. he is 53 years old. first he was running the walmart china business and was promoted to run walmart asia overall, and has not been with the company for very long, only since 2011. he is not a veteran, but withi

walmart's u.s. chief bill simon will leave the company next month after four years and succeeded by greg foran who heads the walmart asian unit. the exact reason is unclear, but walmart's sales are sluggish. >>> new numbers show the really sector is still suffering to recover from the great recession. sales fell more than 8% in june. that's a big number. just 406,000 homes were sold during the month. sales of existing homes rose 2.6% during the same period. where there is a building boom, there is actually a lack of skilled workers to do the work. a new study finds that more than 70% of construction companies are having trouble filling jobs, and as jonathan martin explains for us, they expect the problems to make it worse. >> reporter: it's not hard to tell in nashville there's a boom in construction. >> whether it be hotel projects, mixed-use projects, we have a ball field going on, we're doing a riverfront project right now. there's different projects out there right now. it only seems to be -- it

stuart: walmart's u.s. chief says improving jobs market, it is not helping sales at wal-mart or anyplace else. people are not spending money. joining us is stephen moore, chief economist. >> i have a solution to the problem you were talking about. why don't we have a national policy that has a $5 or $6 an hour minimum wage for teenagers. that will put hundreds of thousands of young people back to work and get them of computer games. why not have a minimum wage lower for young people. charles: and amazing idea. i love it. stuart: it will never happen. i will tell you why. president obama thinks he gets the youth vote by saying pay them more and maybe for give some -- >> what good is it if the minimum wage is $12 an hour if you can't get a job? stuart: that is not sinking in. you are shaking your head. young people are saying he is trying to help us, and i will vote for him. >> you guys are hitting liberalism is a once the thought process, raise the wage and we all have jobs, conservatism is a two step though

>> on to some corporate news now, bill simon the ceo of walmart u.s., details about his pay package. >> bill simon is leaving the company but he's not leaving empty handed. mr. simon will receive a total of $9.17 million, $8.87 million of that is in retirement payments. $4.37 million in accelerated, unvested equity using yesterday's closing share price. plus there's that $300,000 that simon is going to make consulting for the retailer for the next six months. while not related to his leaving, simon also does hold $22.3 million worth of walmart stock. sara, back to you. >> and that two-year noncompete is a lot of money. thank you. >> facebook is certainly a big stock to watch today. shares soaring on the back of blowout earnings. as you can see, they're up over 6% right now. the stock at f you add it all up, up over 40% so far this year. one of only five stocks that is up more than 100% in the past year. so what is facebook getting right that other social media companies are not. we're taking a closer look. and we should note, julia spoke after earnings. >> facebook really has seen st

i mean, okay, walmart u.s. cautious. now the container store, smaller market cap. certainly.re's an issue with retail. >> there's an issue -- >> unless you're at the very high end, right? >> there is. i mean, it's always, you know, the good operators stories of different fads going in and out. we see with coach, with coors doing well. what the customer wants. listened to the conference call. the thing that surprised me, the ceo said, well, the calendar shift and the weather. well, guess what? calendar shift? you can buy a calendar, look on 0 your phone see what it will do. that's a warning sign. an egregiously over-recalled vauchled stock. cash coming down. i think it's a short. not a buy on the dip. i think it's a short. high-tech products, aagree, boxes, closets. a high mode around making that stuff and accepting it. so i'd stay away. >> scott, give you two i think are a buy on the dip. one, tjx, discount. one target, one tjk, miss and the q1. top and bottom line solid. innovate, expanding themselves, remodeling. look at this company now, where it's trading, nothing but up

i want to move you on and quickly talk about walmart. the u.s. ceo of the business bowing out. he's replaced by the ceo for asia. and it's sluggish sales that are taking that toll on this business. it's just been a period of pain in terms of the quarrelly earnings from walmart. we see bill simon checking out. back to you. >> jeff, thank you, sir. have a great weekend. ! we'll tell you what nfl punishment was handed down to ray rice following a domestic violence arrest over the off season. >>> how does he do it? the 6-year-old puts all skaters to shame. that's ahead in the cooler for you. look at this guy! whoa! that story and a check on weather when "way too early." comes right back. finally conformation. after days of rumor, hudson's publicist acknowledging he has aids. and has known it for more than a year. ♪ turn around! ♪ every now and then i get a little bit tempted ♪ ♪ by the chocolate all around ♪ turn around brian! ♪ this bar has protein oh yeah!♪ [ female announcer ] fiber one. >>> i want to, first off, apologize to, you know, steve, and coach harbaugh, you know, and a

and feel great when they're made in the u.s. >> reporter: economists estimate that walmart's push coulddd 1 million new jobs to the u.s. back at walmart headquarters, the moment our inventors have been waiting for. will they or won't they? first up, john cundy and the trash ease. the pressure's on as he begins his pitch. >> this is caused trash ease, the portable trash bag holder. the more weight you put on, the better it will grab. >> do you see this as a rear-round product? >> it does spike at summertime. >> reporter: will he survive the walmart "shark tank"? >> you can consider yourself an order. >> yes. there you go. that's awesome. >> you got it. >> that's not a handshake. that's high-five. absolutely. >> reporter: it's the news he's been waiting for. an order of 50,000 units. >> woo. >> reporter: how does it feel? >> it's amazing. absolutely amazing. it's a dream come true. my family's going to be so proud. this will help employ a few more people. every job we can get in detroit is a great thing. >> reporter: as for hugh jarratt, he has tough questions he needs answered before dec

the chief executive of walmart's u.s.ion told reuters that despite the recovering job market consumer confidence has not increased enough to convince shoppers to ramp up spending. we'll get more on simon's view of the u.s. economy and its impact on walmart when he joins us live at 11:45 eastern time here on cnbc. samsung is warning that second quarter earnings will likely be its worst in two years although it expects improvement in the third quarter. san lists say samsung's high-end phones are simply not selling as well because of an abundance of cheaper alternatives and the company may have no alternative but to cut prices. >>> united airlines plans to outsource more than 630 union jobs at 12 u.s. airports. the cost saving move affects positions including ticket and gate agents and baggage handlers. the jobs will be shifted from the payroll as the airline hires other companies to provide the employees. truckers at the ports of los angeles and long beach have gone on strike. they say trucking companies have prevented them

however, walmart's u.s. same-store sales have fallen for six consecutive quarters.ly 8th, while the job market has improved, walmart shoppers may not feel that way. >> i think it's going to take a while, six months or a year for those numbers to balance out. you'll see a drop in the rate. and then as more people come back into the workforce, that might change again. hopefully after six years we're starting to gain a little traction in the u.s. and that track is coming at the top end. i think the middle is pretty challenged. >> there's a lot of speculation about where simon will go but the noncompete clause in his retirement prevents him from working for another retailer with more than 5 billion in sales for two years. target, dollar general, jcpenney and others cannot hire simon for at least two years from his retirement date. back to you guys. >> thank you very much. i want to mention, also, courtney, thank you and it's a retail market in terms of woolworth, highly penetrated, highly mature and that's the challenge and same-store sales, they are competing online. e

now, walmart's u.s.s while unemployment may be at the lowest level in six years, the reta retailers for consumer may not be a part of that job growth. >> the unemployment numbers particularly have been difficult to read with the number of people dropping out of the work force. and i think it's going to take a while, six months or a year for those numbers to balance out. you'll see a drop in the rate, and then as more people come back into the work force, that might change again. hopefully, after six years, we'll see that. that traction's coming at the top end. i think middle and down is still pretty challenged. >> simon says that walmart is working to better serve customers for built-in trips, to better compete with dollar stores and drugstores. in fact, the company adding more of the small format stores this year for the first time than those big-box locations. kelly and bill, back to you. >> courtney, thank you. such an interesting perspective on the consumer. as goes walmart, so goes the economy. that

lower-budget-minded customers and even they're saying the economy is hurting customers as pell wp then, walmart. u.so bill symmonds saying it's not getting any better, but it's not getting any worse. that tells you that maybe their core customer, perhaps more budget-conscious, is, again, feeling at least like they want to hold off on some of the bigger spending they're going to do here. so, again, walmart saying that. then you've got the container store, which is the funk one, right? because the ceo says "we are experiencing a retail funk." he also said that while consumers continue to buy autos and homes and even high-end furniture, they are maybe not spending as much on some of the stuff at the container store and other retailers. then another big one to talk about, of course, is the dollar stores. budget-minded as well. this time, family dollar's ceo, howard levine, saying that customers and the consumer has not benefited in this recovery. their consumers have not benefited in this recovery. so, ceos weighing in. it was weather the last time around. this time, they're saying that the economy is t

you're talking about a combined company of $18 billion versus walmart doing almost $300 billion in the u.s, you know, it's still -- it does pick off some of that low-end customer. and walmart is trying to go smaller. but not only the dollar concept but smaller grocery. >> we are going to leave the conversation there unless brian has something. >> just a quick question, dollar tree pays no dividend and family dollar pays 2%, do you think the dollar tree will start to pay the dividend or does that go away? >> i think that goes away in the near term. let the two companies merge to figure out where they are at. dollar tree does like to buy back stock. >> joe, thank you for calling in this morning to help us sort all this out. appreciate it. >>> and the market is getting ready for a huge week this week with another wave of earnings, fed meetings, the job number on friday, how do we play it out? joining me is steven russell, chief market strategist. this is a huge week. people in the summer tend to sort of tune out but don't. if we don't, what specifically are you watching for the most important

facebook, walmart and other major u.s.panies are having an easier process for buying alternative energy. the companies say there is difficulty in vetting cost competitive options and face complex contracts for buying or investing in renewables. i know you been waiting for it. this is the number. 300,000 euros. that is the reward given to each german player for winning the world cup. germany beat argentina in case you have been asleep and missed it, it was 1-nil. it is the fourth world cup for the unified nation. they narrowly avoided the penalty shootout. 1990.last away and was in also against argentina. 1990.ir last win was in a lot of celebration in germany. will beo goetze welcomed home a hero. ♪ >> welcome back to "the pulse." it is time for the top headlines. addresses the european parliament today, the first time since the elections in may. you could discuss the central bank so-called key program, denying to semantic european economy. a bloomberg survey shows economist forecasts he measures will hand thanks more than

. ♪ >> just a few months after walmart got a new ceo, the company is appointing a new head of its u.ssiness. julie hyman covers the story. it seems like walmart covers the country, too. where is he going? >> right now, phil simon is not going anywhere. but simon is also someone that was talked about as a potential ceo. the job over got him. it is not shocking that he is leaving. the same store sales have been lagging. is a sign of what is going on with the broader economy. also, the supercenter model, having a bigger store, has not been as successful. towardare gravitating more traditional grocery stores. there is a two-year noncompete clause as part of simon's contract. that means for the next two years, we will not necessarily see him at another retailer. >> talk to us about greg foreign -- greg foran. he has never lived in the u.s. >> he is from new zealand. and haseen an investor worked at walmart since the age of 17. -- and he was formerly the head of australia's woolworth's supermarket. then ironically, he was passed over to become ceo of woolworth's, just as simon was passed ov

walmart in the u.s. square footage is smaller. >> there's a lot of dollars here. more buying power here. >> that's what we would see down the road. if this deal close, the economies of scale could allow them to have more affordable pricing. >> kate kelly looking at who is making money on this deal. hedge fund titans are doing it. i wonder whether any of the gentlemen that we'll talk about have ever been in a family dollar or a dollar tree store. >> if nothing else, they do due diligence on their investments. in terms of shopping, don't know. >> nice shampoo maybe. i don't know. >> you never know. they have a wide saturation in the market. you may have popped in at some point. this company is a popular holding among the hedge funds in recent years. among them, carl icahn. things didn't pan out as he expected with dollar tree winning family dollar over instead as courtney just discussed. icahn woke up this morning $100 million richer. and now with the stock trading even higher this last hour, i believe it's at all-time highs. he made about 159 million on paper. pelt

morgan is suing walmart over the incident. >>> in australia, u.s.e john kerry is engaged in damage control. he met with the foreign minister to try to smookts over relations. he called the two countries, quote, great friends that will continue to work together. nevertheless germany is kicking out the station chief in berlin. >>> and nasa is sending international supplies to the space station achlt supply rocket launched this morning. more than 3,000 pounds of food and cargo are on board. it is expected to arrive and dock at the space station on wednesday. >>> all right. did you get a look at this? the super moon last night. these are some of the amazing pictures that you sent us. our best i reports. it's larger and brighter than the full moon. it happens that it becomes bigger than a full moon when it gets closer to earth. nasa says it happens about once a year. beautiful. >>> perhaps it would be a beautiful thing, right? bill cosby may have a new sis come next year. he's developing a new family comedy. he will star in the show and play a father of

u.s. firms made it on to their list. walmart topped them all. the number of chinese companies rose by six to reach 95. three chinese firms made it into the top ten. sinopec group came in third, china national petroleum fourth, and china's largest state owned energy company state grid came in seventh. >>> to our feature this hour, government leaders and business managers in finland doing everything that they can to try to foster more innovation there. nhk world takes a look. >> reporter: employees at this software company enjoy perks their friends can only dream about. u.s. researchers chose it as europe's best workplace two years in a row. they praised managers for promoting communication among the staff. and employees can find all kinds of ways to relax. some take a sauna, others play pool in this game room. >> it is just about us having a workplace that we enjoy going to every day, that we enjoy being part of. >> reporter: managers have asked employees to post how they feel on this board. with a smiley or a sad face. >> you get so much out --

it's just an interesting move because walmart has been suffering with decreased traffic, with trying to match those low prices and it's been having trouble with its u.srt. we'll have to watch. the stock didn't react too much but it does look like we're starting off positive here on wall street. better earnings. >> thanks, sara. sara eisen, as always, great to see you. >>> coming up next, new questions about death penalty procedures after an arizona inmate stayed alive long enough for lawyers to file an emergency stay. we'll have reaction to that. keep it locked in on "morning joe." we're back in a moment. [ male announcer ] at northrop grumman, we've always been at the forefront of advanced electronics. providing technology to get more detail... ♪ detect hidden threats... ♪ see the whole picture... ♪ process critical information, and put it in the hands of our defenders. reaching constantly evolving threats before they reach us. that's the value of performance. northrop grumman. when la quinta.com sends sales rep steve hatfield the ready for you alert, the second his room is ready. you know what he brings? any questions? can i get an a, steve? yes! t

walmart. >> we begin this half hour with u.s.fighter jet called in after a passenger threatened an aircraft on its way from toronto to florida. when the plane touched down a dramatic scene heavily armed guard rushing on board. pierre thomas shows us the dramatic footage. >> canadians s.w.a.t. team burst open to the plane with intensity and fury. after warping about male passenger claim to go want a bomb canada. flight 7 72 taken off from toronto headed for panama city but turned around over west virginia. by f 16 fighter jets when reports came in of unrulyy passenger making threats. here the warning other fleets of potential emergency. >> might have to delay for a bit there's app aircraft coming in from over the like lapped runway 32 left and they have a bomb threat. >>reporter: s.w.a.t. team taking no chance. demanding suspect raise his hand. again and again. goal to make sure he was not a threat. unable to detonate any bomb. passenger described the suspect rant to canadians television. >> he hates canada then he said with great

walmart opened its doors to more than 500 american manufacturers yesterday. it's the first-ever made in the u.sl makers of everything pitched their products to walmart execs. walmart says it will spend an additional $250 billion on products supporting american manufacturers. >>> no more price gouging for uber. the mobile app car service based in san francisco has cut a deal with new york city to cap fares during emergencies or natural disasters. new york's attorney general says uber will likely adopt a similar policy nationwide. earlier this week, uber said it temporarily cut new york city prices making its lower end service cheaper than an average taxi ride. i like that. brian and michelle? >> well 7-eleven is giving away free stuff. >> reporter: yes. it's almost time to wish 7- eleven a happy birthday. for its 87th year on july 11, they will be giving out free 12- ounce slurpees, but for the first time ever, they will also extend the celebration to the following week. anyone who downloads the 7- eleven app can also walk away with free treats like twinkies, grandma's cookies and ice cream bars

. >> if you look at walmart's statement today, because they just got rid of their u.s. president, they're claiming numbers have gone down. >> 47 million is a lot of people. they're claiming numbers have gone down because less people have food stamps. >> i don't believe it. >> rick, and you look -- >> and then walmart -- >> you are going see the number come down as the economy gets better. neil: final word. >> welfare reform with president clinton, welfare rolls have fallen 60%. there's a reason for that. when you attach people to that, people get off welfare. >> do any of your harvard students take food stamps? >> not to my knowledge. not to my knowledge. doesn't mean it's not happening. [ laughter ] >> caviar. neil: coming up, the plan to fix the water mess that won't cost a dollar more, it's incredibly simple. so simple and i'm wondering why they're not following up on it? we will. and with the quicksilver card from capital one, you earn unlimited 1.5% cash back on everything you purchase. not just "everything at the hardware store." not "everything, until you hit you

walmart. is. >> this is 7 news >> good evening again u.s.preme court today sided with the hobby lobby craft store chain in ruling that some businesses don't have to provide birth control coverage for employees if it goes against the company's religious beliefs. and that was the reaction outside the court today. decision applies only to family owned or closely held company. it's a set back for thaffordable care act that requires contraception coverage under all employee health care plan. >> theupreme court realize the family didn't lose their rightwhen they open a family business. >> in hobby lobby case the plans offer birth control pills but not the morning after pill or iud that the owner consider forms of abortion. >> the president believes women should make permanent heth care decision for themselves. rather than the boss deciding for them. >> house minority leader pelosi calls tay ruling out remaining us step against women rights. sets dangerous precedent by permitting corporation to choose which law to obey. >> california cab can now be

walmart, the biggest gainer, despite the head of the u.s.tion of wall matter, bill simon said while it's improving, consumers don't yet have enough confidence to boost their spending. >> so he was talking down the own sales, and it's the best performer, colonel mustard with the candlestick in the library. >> you sure about that? >> it always is. >>> if you're a daily viewer, you know this is or daily rundown. it's a big day today, the markets are selling off, so let's go. 3m getting an upgrade to buy. ivities that is the most fractional gain you could ever seen. unone cent. argus said the company can delivered growth. >>> soon stock number two. t mobile with a -- >> not helping the stock, but wait until you hear the target. but bimo's target, that's 20% more than t mobile is trading right now. do keep this in mind, please. the average target of wall street analysts, $34.33. that's about two bucks more than a stock is trading. just something to note. >> okay. noted. stock number three. upgraded to a buy -- this could also go under the radar.

walmart asia. it is interesting that he just got that promotion two months ago and is now moving over to head the u.she is 53 years old. he and doug macmillan have known each other for a while. doug macmillan being the ceo of walmart overall. roger corbett is on the board of walmart and is a former ceo of woolworth and years ago, he over to meet. doug and greg hit it off. they started on the floors of the retailers that they climbed through. foran was a shelf stacker. macmillan works in a walmart store originally. a walmartan worked in store originally. moving upillan's guy in this position. >> what's going to be the different strategy that foran can bring to this? >> it's a strategy already put into place. now it will be up to foran to implement that. some issues have been plaguing walmart -- weakening economy, food stamps, people on the bottom of the economic ladder who are suffering the most. walmart having some stocking and staffing issues at its stores. walmart has turned the focus to smaller format stores, neighborhood markets that are more like traditional grocery stores. those grocery stores

u.s. retailer. cornell spent nearly a decade at pepsi. he was previously ceo of walmart'sb warehouse chain and he ran michael's, the u.s.'s largest arts and craft retailer. target has been looking for a new ceo since may. his departure followed target's disastrous multibillion dollar expansion into canada and reports that the decision on key issues slowed significantly during his tenure. target has more than 1900 stores and reportedly nearly $73 billion in revenue last year. but the data breach shook consumer confidence, denting holiday sales and keeping shoppers away for months. sales started to improve in march as target ramped up discounts. but the company expects that same-store sales will be flat to slightly higher in the second quarter. the journal says that cornell first started talking to target several weeks ago after business leaders in the company's hometown of minneapolis mentioned him as an attractive candidate. he will start his new job on august 12th. the journal says cornell has been a possible successor to pepsico's ceo andrew nuei. the company says it wil

but walmart historically has not been inquistive in the u.s. to buy dollar general potentially? would they look to counterbid against family dollar potentially? i don't think that's what walmart's best interest is, seems like to grow their neighborhood markets and express stores is their larger focus today. >> good to talk to you, chuck, chuck grom. >>> news involving that tanker filled with kurdish oil in the gulf. michelle caruso-cabrera back at hq. >> the tanker likely to struggle to unload the kurdish crude oil that is located in it. talking about -- near the port of galveston, they have been trying to unload 1 million barrels of crude oil. we're in possession of a letter from lawyers hired by the iraqi government saying that, if companies help this tanker unload this oil, they will be in possession of stolen property. they don't say they'll be sued but it certainly reads like the companies will likely be sued. we've spoken with one company, the lightering company, how you unload oil from a ship out at sea and bring to shore, it's called lig

. >>> and walmart is holding its first open call today as its searches for suppliers of u.s. on products that support american jobs. >>> and some crummy news this morning for cupcake fans. crumbs bake shop closed all of its stores monday. new york city-based company has 65 stores in 10 states. the news came after it was oh john don't wallow john iin ice cream.s over. i'm not wallowing in ice cream. it's the new dannon oikos greek frozen yogurt. half the fat of regular ice cream. it's so irresistibly thick and creamy! didn't expect you to be enjoying yourself so soon! couldn't resist, mmm! it's such a good source of protein too! no, i'm talking about this john, already?! that was mine. hi mom. hi sweety. try the new dannon oikos greek frozen yogurt. ♪ dannon. >>> good morning to you. it is 9:26. i'm kris sanchez. today, the san francisco board of supervisors will vote on a controversial law that could change mental healthcare in the city. laura's law would allow friends, families, doctors, or even law enforcement officials to ask the courts to force mentally ill people to get

. >>> there is a new top guy over at walmart. 53-year-old greg foran has been named president and ceo of u.s stores. he's currently the president over the company's operations in asia. he is taking over for bill simon who had been in the role since 2010. >>> generic drugs are supposed to save you money, costing less than their brand name counterparts, but the prices of these medications are skyrocketing, some as high as 3,000%. as doreen gentzler reports, that's putting a strain not only on patients but the pharmacies that are selling them. >> reporter: when hatty mclauren walks into grubs pharmacy, everyone knows her. that's because the 77-year-old comes in regularly to fill a long list of prescriptions. >> high blood pressure, diabetes, asthmatic. >> reporter: but lately her medications are starting to get more expensive. >> i have skipped some days to make it last. >> reporter: pharmacists say it's the generic medications, the ones that are supposed to be the cheapest, that are seeing huge price increases lately. >> to th point where it's out of control right now. >> reporter: the owner,

u.s. did pushing strategies this year for the first time in the history of the company. walmartill open smaller convenience type stores than those traditional supercenters. also investing heavily on e-commerce to take on amazon, to achieve a 1% gain in annual revenue, walmart must pull in $5 billion in additional sales. look at the stock, a big day for the company, a change in strategies, stock up by $0.51 on a name like walmart that is pretty decent news. kind of one of those stable stocks. the markets have come off their lows, you can see we were down by 150 points, bringing out the grammar of hope, nicole petallides on the new york stock exchange. thank you for bringing me some good news. appreciate it. nicole: with a financial selling off in interest rates, social media selling off in a big way after some options trade but some names that have hit 52-week highs. i have to warn you not all is still in the green anymore. looking at conoco phillips, just holding onto the green. we will have the ceo on, it is interesting that too has hit a high. imagine walmart on the dow jones

u.s. and canada. that's nearly three times as many as walmart. >>> "usa today" -- did you want to say something?umps are less germy than handshakes. maybe that's why president obama is a big fan. handshakes transmit ten times more germs than fist bumps. some are lobbying fist bumps as the only way. >>> lebron james is returning to his roots. the nba star will take number 23 when he returns to the cleveland camp leer this season. he posted the news on instagram with the message, i'm coming home. 23 is the number he wore for seven years with the team. james wore number 6 when he played for the miami heat. >> okay, wonder woman fans. "the huffington post" with a first look of what wonderwoman will wear. she's taking on the role. the costume was unveil at the san diego comic-con on sadr. the film opens and coming out in 2016. i'm still a fan of the real wonderwoman, linda carter. >> she looks pretty good, though. >> she lives in washington, doesn't she? >> yeah. >> linda carter looks great, but the new wonderwoman, whatever she's called, looks pretty good. >> indeed. >> i like the boots. >>> "the da

that new promise from walmart, to spend $250 billion over the next decade on american-made products for their stores. economists estimating that could create 1 million new jobs in the u.s. >> they know that this is not a pr thing, that it is an economic thing. for the first time in over a making sense to these things in the u.s. >> reporter: after a year of declining sales and criticism for low wages, wall know knows it's good for their image. for three years on "world news," the made in america team has been introducing us to inventors around the country. remember last fall, david muir took us inside walmart's headquarters as american inventors pitched their gadgets to buyers. this year it's supersized, and speaking to walmart today, the governor of arkansas where walmart's headquarters are based reminded them. >> i watched a clip, abc news, as you all know -- >> reporter: he was watching maze nails from peru, illinois. that nail company tonight -- >> thank you for choosing american nails. >> made right here in illinois. >> reporter: and now the jarratt family. >> my name is hugh jarratt. >> i'm nicole jarratt. >> reporter: hoping you'll buy their invention too. this

u.s. cashier makes $11.22 according to census bureau. that is way above minimum wage? >> stop demonizing walmart. it does a lot of good for a lot of people. >> keeping prices down. >> i was saying sells cheap vegetables. >> all the hipster journalists say how bad walmart is, if it wasn't for walmart they wouldn't afford to eat. they don't make money. >> big box stores despite all criticism, consumers benefit from cheaper products. by the way there is career path. but they are paying better than other retail years okay. president obama may be ready to go it alone on drones. political reports says the president plans to take executive action on privacy guidelines for commercial drones. just what we need another executive order, perfect. james? >> technology leads and etiquette an guidelines and everything else follows. i'm trying to figure out what is etiquette of a cell phone. we're up to drones. privacy -- melissa: privacy is gone. >> want to put etiquette an rules around a drone? food luck with that. melissa: a onus is look good naked. there are cameras everywhere. drones everywhere. it is inevi