managing director, telsey advisory group, the retail environment has been very competitive lately and setting up for the holiday, it will be increasingly competitive. walmart's billion- dollar slump is partly due to fierce competition with online giant amazon?competition that's effecting retailers across the board, all struggling to grow sales... and this holiday season isn't expected to get much better. grfx the national retail federation expects consumer spending this season to increase only 3.7% from last year. so retailers are slashing prices? nats walmart commercial ...already offering everything from layaway? to price matching? to friends and family discounts? to get you in their stores and on their sites? as soon as possible. joe feldman, sr. managing director, telsey advisory group i think we're gonna see pretty aggressive discounts. 30-40% off is going to be standard fare. as we get closer to the holiday and certainly after christmas elias: we're back with sam now... i'll have your full forecast "nowindependent weather experts" sam today is going to feel a little bit more lik

managing director, telsey advisory group i think we're gonna see pretty aggressive discounts. 30-40% off is going to be standard fare. as we get closer to the holiday and certainly one contributing factor to walmart's slump is their fierce competition with online giant amazon, and this holiday season isn't expected to get so far, the federation expects consumer spending this seasonto increase onlythree point seven percent from last year. titi tech giant google is giving back. right here in n wa. the iowa governor's stem advisory council received a check for 20 thousand dollars from google to help support code iowa. an effort in the state to help schools focus on better education. google's first twenty thousand dollar contribution allowed the stem council to award five schools across iowa with four thousand dollars in technology awards for participating in the "hour of code" during computer science education week. tim: a local entity is also giving back. and they're giving away a cool million in special projects grants righthere in woodbury county the missouri river historical develop

managing director, telsey advisory group i think we're gonna see pretty aggressive discounts. 30-40% off is going to be standard fare. as we get closer to the holiday and certainly after christs one contributing factor to walmart's billion-dollar slump is their fierce competition with online giant amazon, and this holiday season isn't expected to get much better so far, the national retail federation expects consumer spending this season to increase only three point seven percent from last year. jessica rae: tech giant google is giving back. right here in iowa. the iowa governor's stem advisory council received a check for 20 thousand dollars from google to help support code iowa. an effort in the state to help schools focus on better education. google's first twenty thousand dollar contribution allowed the stem council to award five schools across iowa with four thousand dollars in technology awards for participating in the "hour of code" during computer science education week. jessica rae: a big check is helping one central iowa center better serve iowans with autism. the homestead

joe feldman with the telsey advisory group. >>> walmart's drop lower weighed on the market and weaker than expected economic data didn't help, either. more in a moment. the dow jones industrial average fell to 16,924, back below 17,000. the nasdaq was off 13 points, and the s&p 500 fell 9. >>> netflix disappointed investors with its after-the-bell results. earnings of 7 cents a share missed estimates by a penny and revenue also missing consensus slightly but rose from the same period last year. shares tumbled before coming back a bit in initial after-hours trading, but there was another key metric that wall street was watching -- user growth. julia boorstin has more on those numbers. >> reporter: the most important number netflix's result, subscriber additions. while the company added slightly more total subscribers to finish the quarter with 69.17 million, better than expected, its u.s. subscriber growth fell a bit short. netflix added just 880,000 new u.s. subscribers compared to the 1.15 million the company itself projected. it attributed that shortfall to what it called involuntar

managing director, telsey advisory group i think we're gonna see pretty aggressive discounts. 30-40% off is going to be standard fare. as we get closer to the holiday and certainly after christmas jessicicrae: one contririting factor to walmart's billion-dollar slump is their fierce competition with online giant amazon, and this holiday season isn't expected to get much better so far, the national retail federation expects consumer spending this season to increase only three point seven percent from last year. jessica rae: tech giant google is giving back. righghhere in iowa. the iowa governor's stem advisory council received a check for 20 thousand dollars from google to help support code iowa. an effort in the state to help schools focus on better education. google's first twenty thousand contribution council schools across thousand dollars awards for participatg code" during education week. jessica rae: the current budget battle in illinois is putting a crimp on the state lottery. illinois lottery officials say they will have to issue i-o-u's to anyone winning more than 600- dolla

bob darrington, telsey advisory group.hanks. >> thanks, brian. >>> here is what's your on your "power" menu for the rest of the hour. ferrari making its debut at the new york stock exchange today. we'll show you the stock price and some probably really cool cars. speaking of cars, we'll talk about some fast ones with angel's pitcher c.j. wilson. and some mighty midcap stock picks curated just for you. we're back after this. the drought is affecting all of us. at pg&e we've definitely put a focus on helping our agricultural customers through the drought. when they do an energy efficiency project and save that money they feel it right in their pocket book. it's exciting to help a customer with an energy efficiency project because not only are they saving energy but they are saving water. we have a lot of projects at pg&e that can help them with that and that's extremely important while we're in a drought. it's a win for the customer and it's a win for california. together, we're building a better california. [female announce

dana telsey herself doing the upgrade. spoke highly of the incoming ceo right here on cnbc when he was named to the job. just a note, ralph lauren the man sold 50,000 shares of the stock a few weeks ago but don't feel bad. he still owns about 450,000 shares worth $50 million. >> the optimism has really come back since the new ceo has announced. remember that barron's positive article a couple weekends ago. here is another one, a group of stocks, but it's all part of the same call. sin nap ticks, skyworks, and invensense. the apple downgrade is prompting estimate cuts. the supply chain feedback in conjunction with carrier surveys indicates increased risk to component supplier outlooks. expect the stocks to remain range bound given the negative apple sentiment. so apple downdraft here. >> i didn't know this until i heard scott wapner talk about it in the noon show today is that apple is headed for its worst year since 2008. ouch. >> not pretty. >> no. your last stock is the under the radar name of the day. gtt communications