home depot, eli lilly. provision outside of hospital system so option care, a lot of the new drugs coming out are not orally prescribed so you have a big business out there. nurses going to people's homes or having regional centers so there is one that i'm very, very excited about it's a recent edichlths i love it management's first class you look at the results and the cash flow. >> a recent addition with you three years. it shows you have a long-term investor >> my depo is from founding the company. j.p. morgan is 16 years. of course, back again, i look at brian moynihan, a great manager, a good leader. they're hard to measure, they're subjective but you take your best shot so that's my plight >> ken langone would be will us. >>> we have an exclusive interview with a legendary interview with a legendary investor joh we are live in aspen you are watching "squawk box" on cnbc one that many have yet to discover. exploring with viking brings you closer to the world, to the history, the culture, the flavors, a

>> and home depot. people know i like rail manufacturer like greenbreyer. t want to be that cyclical with home building whatever happens with new homes, people are going to buy them and renovate them. so, i'm very comfortable with these two names. >> and i'll go to you because you own lowe's and at the top of the show, josh was talking about the consumer discretionary names getting crushed because of consumers starting to show weakness and he mentioned home depot and you're in lowe's, michael. >> i am, melissa and as you see, maybe home sales start to slow, given the higher rates for mortgages and people staying in their home longer lowe's 12 times earnings and growing earnings at 12% with a 2.3% dividend. i mane, these things just get cheap. you're down 30/33% off the all-time high and people are going to continue to go and shop and do if the consumer's still strong enough, i think this is a company that make as lot of sense. >> i brought up your comment about home depot why is it this notion, they'll still have homes and fix a leaky faucet why doesn't that

i don't see that turning around any time soon. 17 times forward at 250 on home depot.if you can't buy a house, you're going to spend money on the one you're in. people are not destitute they have jobs at some point home depot is absurdly interesting >> he says 91% of mortgages are under 5% hard to move next, the final trade. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq you'll always remember buying your first car. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. at t. rowe price, our strategic investing approach can help you build the future you imagine. insights illuminate better choices. allowing us to see differ

home depot is still above that level. you talk about not -- people not buying houses and that's going to be a head wind for them. what about home depot? it's -- >> not even down in the after hours. it's down 15 bits. i would have thought home depot would have responded to this number. >> that rh warning guy this is a different kind of consumer. this is a high erin come consumer. for them to say over the next several quarters this consumer demand will continue to slow. that is a statement on the higher end consumer we thought would spend no matter what. >> you know what is fascinating to quote meatloaf, taking the words out of my mouth. what struck me is they announced in this release by the way we have not bought any stock back. they announced that 2 billion buy back on the 3rd which was on top of the $450 million that was left on a prior one. just to show you how off side people can get in this. on may 16th. morgan stanley started a $400 price target. it still for analysts is either side of $500. >> i think that we are h

saying home depot was discriminating against employees now a judge has said not so fast my friends and plmplet often operates a political umbrella for societal concerns or in other words the judge just told them to shut up and sell drills. you can't use those drills to drill for oil here in america because joe only wants the saudis do drill politically, joe biden is a wounded animal. record gas prices and inflation have crippled the biden white house as democrats olympiced towards the midterms and beyond. amtrak joe has run off the rails. he doesn't have the use he once had and liberals have noticed. "new york times" of all places asked this question on saturday should you had should bind run in 2024. whispers of no start to rise. the "new york times" talked to 50 people from members of congress to local liberals officials who unhappy liberal voters and they all feel sorry for joe. but want him to get out of dodge. they are, quote, doubting his ability to rescue the party from a predicted midterm trouncing. and increasingly viewing him as an anchor that should be cut loose in 2024. for

. >>> the man accused of intentionally setting a home depot store on fire was back in court today. numerous charges, including arson. robert handa is live at the santa fe courthouse. sounds like the criminal history created some publication today. >> reporter: the home depot arson case is complicated enough but all those other cases involve so many details, including witnesses. he was stoic in the santa clara county courtroom, staring while sitting with his arms crossed as he appointed public defender. the office had a conflict in defending him, presumably according to the prosecutor because all the other alleged crimes he will have to fight in court. at this point, the five alarm fire that caused a $17 million damage is still unique. >> currently this is the only one. >> all the other ones are about theft. >> they anticipate he will say he only meant to start a fire to distract workers so he could shoplift. not to commit aggravated arson. well-known bay area attorney says that shows how big it did when he is in. >> it's completely foreseeable and predictable that starting a little

we also have home depot. not as concerned about home depot.ke the execution has been fantastic and we love the housing adjacent trade i think big box retailers, we own costco, we own home depot. we're happy with those i wouldn't buy either target or walmart at this level. once some of this inventory clears, i think there's potentially an opportunity with improved inflation that these stocks start to look more attractive over the next few weeks. >> all the investing in the home stocks today are down on this. best buy, to your point, amazon is lower, home depot is lower and lowe's, as mentioned energy, though, on a roll again. best performing sector as wall street reaffirms its bullishness. goldman sachs upping the price targets on exxon, chevron after they raised the forecast for brent crude by 10 bucks. evercore also bullish on exxon saying the current valuation is adding more than 20% discounting. exxon jumping to its highest level since back in july, 2014 evercore did downgrade occidental to in line saying tailwinds may be reflected in the s

but first why the person charged with starting a massive fire at a barrier home depot.w in need of a new attorney. also this friday mornings on two is hitting the road. we hope you'll join us for the first zip trip of the summer every summer mornings onto the nine visit cities and towns around the bay area and this friday, we're heading to petaluma to show you everything that city has to offer will take you down the petaluma river through the old buildings of downtown get a taste of some of the best restaurants. and uncover some facts that even some locals might not know. be sure to join the mornings and to the nine crew in petaluma this friday and then enter zip trip scheduled for the summer has been unveiled. later this summer. we're heading to union city, venetia, santa clara pacific, dublin and martinez. with less moderate-to-severe eczema, why hide your skin if you can help heal your skin from within? hide my skin? not me. dupixent helps keep you one step ahead of eczema, with clearer skin and less itch. don't use if you're allergic to dupixent. serious allergic re

of difference places but i think there are circles to the market and companies, someone like a home depot. we got housing credit numbers today and how much value there are in homes around the country and how above water people are there are companies you can trade here >> all right more on the fed decision with steve leisman. what do you think? what do you walk away with as the most striking change in fed chair powell's tone today? >> i think there's four things i would tell you the first one is that 75 base point s a bold statement they haven't done that in very long time. they said we give you 50 or 75 nec next time. the second one is fed has left lala land in terms of believing it could get away with solving this inflation problem with a little trimming around the edges. it's got the sheers out and ready to whack when it comes to an over grown bush of inflation. the third is fed and the market being in better sync it's worth looking at what the outlook is right now and the big, bold change not the 75 but in the outlook they went from one nine to three four and next year to almost a ful

>> what about home depot and lowe's, down about 1% premarket. alking specifically about home. >> remember, target doesn't have the heavy duty appliances. i know that home depot is having a good spring, the weather has gotten better. i think that home depot is different. it's different because this is related more to home and home prices have held up. home depot would tell you as long as home prices have held up, people feel it's capital making more money with what they have, as opposed to expense. if home prices go down, another thing jay powell wants to have happen, then you're talking about almost everything going down and almost everything being deflat deflationary but we have to go through the process. so we're going to have a lot of stocks that yield three with interest rates not going up further because they don't need to keep watching the things that are tractable, as opposed to the intractable. which means any inventory glut in the system. the glut is coming the gut is what you need there's no glut in autos autos are still selling well a

and we can throw in wind will home depot and lowe's suffer the same effect?ook in hindsight and say, of course we should have seen the demand fall for these companies as we begin to reopen. a lot of these companies began to fall in anticipation of that. i can't tell you one home depot and lowe's are going to peak, but i would guess it is going to be before we see the top and in real estate. it is the timing that is so challenging. a lot of companies, it just didn't get it perfectly. lisa: we are not in a recession now. everyone agrees, almost everyone i should say. are we going to see -- given some companies the ability for a shift? barry: it depends on a fantastic earnings growth. a lot of people will blame low rates by the fed causing the spike in revenues to profit. you have to give a lot of companies credit for really -- it is only one of many factors. a lot of companies did a lot of things right when we were in an uptrend. tom: barry ritholtz, masters in business hose. my focus today, the weakness going back to the depths of the 08 crisis, the depreciati

and walmart, especially home depot which was putting a home depot everywhere. it went insane. 1990, microsoft. every viewer should stud bottoms of the bear markets and biggest winners out of them. it will change lives. l.a. gear changed lives in 15, 17 months. why? you go to any store at that time they were selling like crazy. my job is to be a on searcher to find these things as we come out of this. that is the way to go. charles: by the way, crocs out of the pandemic same story. >> that too. charles: shah, last week we started the second largest short activity in a week in a week. that sounds like a short squeeze. i believe a massive short squeeze is coming. if you agree what would you be buying in front of that? >> i do believe we'll see dead cat bounces. some could be significant. in bear markets you can see markets move up 20%, that is not unusual, not unheard off and again we're so oversold, we are going to see some bounces. the way i would play, i would buy calls on the qqqs, caught options on the qs, put options on the vix. one of the triggers could be

it is important to remember home depot is going to be a beneficiary from being housing adjacent i thinke been caught up in expectation that existing home sales are coming down, higher mortgage rates, little supply in the marketplace. however, many of us are anchored, tethered to homes more than previously by those lower mortgage rates that we have. so i think one of the things to think about is are you going to continue to do things to improve your home. this is not a fix and flip trade, this is not 2006. this is one of the, and they've done an excellent job executing e-commerce strategy. this is one of our favorite names in the portfolio and certainly where i would want to be when i think of consumer discretionary. >> we have big earnings coming out after the bell tonight crowdstrike. josh owns that rh, josh owns that, lulu, pete owns that. we'll do all of that next. (mom allen) verizon just gave us all a brand new iphone 13. (dad allen) we've been customers for years. (dad brown) we got iphone 13s, too. switched two minutes ago, literally right before this. (vo) iphone 13 on us. on an

was and is now, it has been hammered to the down side spring is usually a good time of year for home depot. hasn't been this year. when you have quality names, quality run companies by the entire c suite, they've been able to execute. they're not executing well now they're having a difficult time. to steve's point, it is a matter of it is food, gas, all those things in front of everybody i agree 100% are they really that strong. everybody is telling us the consumer is that strong. are they bed bath and beyond, a great example. this company was struggling. they went to target to grab one of their folks, got them, and unfortunately they have not been able to turn that ship around at all. as a matter of fact, not only not turned around, this is a company you wonder how long are they going to be around because this stock has been absolutely hammered they had a terrible quarter again. now he is gone, now they had to step in, put somebody else in charge who is already on the board to be in charge of the company. this is going to be a really difficult market used to be in the multi billions gives

police say a man died after crashing his car into a home depot store. it happened around 1 40 yesterday afternoon at the home depot on monterey road. had already said the man suffered fatal injuries when his vehicle slammed into the front of that store. he died at the hospital. no one else was hurt. the cause of the crash remains under investigation. 22 year old man is facing several charges in petaluma, including punching a witness and kicking a police officer. the police and fire departments responded to a report of a crash near kentucky and washington about 11 10 last night. investigators say the driver was in a gray bmw heading north bong when he struck a person who was in the crosswalk right near the 100 block of kentucky street. police say the driver who has been identified as evan weiss continued north on kentucky and then kalina with the vehicle. he then hit a pole and a tree before allegedly punching a witness who tried to help and taking a police officer. after he was medically cleared to the hospital. he was booked into the sonoma county jail

in what home depot is saying, we're seeing this confluence of the physical and the virtual world.have to have this customer data platform that allows us engage with every customer in a personalized way so we're thrilled to be working with home depot, with nike, with verizon and with all of the financial institutions to make sha a reality. >> well you make our lives easier, because we are all on the go we're not -- we want to go to the big orange and you're the one who is the enabler i want people to know what is adobe is, the enabler of the next generation of e-commerce. thank you. the chairman and ceo of adobe. i've liked him, $66 is where i got on board i wish i had done $35 but you did that switch and i didn't understand it until you explained it to me "mad money" is back after the break. >> coming up, should is this this stock give you some fuel for thought. cramer hails a sit down with the uber ceo, next that can't be right. we're racing toward the extinction of our species. don't move. -don't move. everybody good? -no! ♪ ♪ ♪ in any business, you ride the line between numbers

home depot which speaks for itself morgan stanley and interim ceo of starbucks paying $15 million onerg. what's the significance of insider buying to you as someone trying to figure out what stock to buy sometimes it confirms what you know i like home depot and the rest morgan stanley is a key holding for my chair itible trust. sen teen is tougher. they lost the ceo with a huge heart helping the disadvantaged. where it matters are the cases where it changes your mind for example, these purchases made me more positive about intel and starbucks. insiders can't sell for six months after they buy it without giving up the gains. you know they can't take advantage of something near term but a commitment down the road so what could the three insiders see at intel i think enamored of the work by the ceo since he himself is a buyer. i found him an evangelist. not just designing can chips but making them here and spearheading a move to open factories in the rust belt why that plan needs federal help and might get but he is not waiting for it maybe breaking ground in july. i think that intel st

the man charged with starting a massive fire to home depot in the south bay is without an attorney asounty public defender's office recused itself from the case. ktvu s mark sayer tells us the suspect could face a potential life sentence if he's convicted on all of the charges he faces. appearing in a green jail jumpsuit. 27 year old dylan j. crew's gogi spoke to his attorneys but made no statements to the court. gogi is facing at least 30 charges, including multiple counts of arson for this massive blaze at a home depot store on blossom hill road in south san jose. prosecutors allege he intentionally set the fire to cover up the theft of tools and in the process. created a great danger to the public. it was a saturday afternoon with family and employees and people working, so i think my office is very much dedicated to prosecuting this case to the fullest extent the fire ultimately went to five alarms, and the loss in inventory alone was estimated by investigators at about $17 million, the public defender's office told superior court judge jose franco. that it would recuse itself in

the last 4 with them to a home with the home, with home depot. pretty much ah, it was it for you. if you are actually sure, uniformly familiar with a program for newer but not newer, but you know, if it shows some system is a little kid with a with a, a bunch of the shows just get a dollar a brought out a spot for ah ah, remember 6 months ago, everyone was looking above that them damn it. now much less. so i think climate change will re merge as an important topic at some point because people see floods, people see fires, people see heat waves and makes the news. so loud the bus couple of months of the ukraine crisis may have been used, but even already i think that is a certain tiring of that climate change will remain. she was originally with centurylink, has become the for the southeast asian country in 2022, unable to pay its foreign debt. this total is $51000000000.00 un doing the wall reading phase, such a economic challenge with this sanctions imposed by western countries against russia. a booth is, i'm a nation to it's me. oil prices have skyrocketed as a petrol medicine a

you have walmart and home depot, down 1%. we are seeing some weakness for costco.ven though target shares or at the weakest level of the trading session, they are one of the worst performers in the s&p 500. we dive deeper into the story for retailers. kriti: a rising rate environment's -- it does not mean it is a one way street. listen to what market cabana expects from the u.s. central bank. >> nominal neutral, they will probably about slowing things down a bit. that is consistent with our view , then ultimately downshift to 25 basis points. that will go more aggressive. kriti: it is not just the fed, this is a phenomenon that is going global. you see it in the fallout of currency. we talk about it with the head of fx and rates, christine, thank you for joining us. we got news from the reserve bank of australia. hiking by a much stronger margin than a lot of people were expecting. it was inflation. i do you see the rest of the world catch up with the fit -- do you see the rest of the world catch up with the fed? >> there is the problem -- element we are seeing, ce

. >>> the man accused of starting the fire that destroyed a home depot, is back in court, completingaring. 27-year-old, intentionally set the fire on april 9th, for that home depot in south bay. he purposely set fire. they were distracting workers when they were trying to steal tools. they were also facing separate shoplifting charges. >>> water restrictions in south bay, go into effect starting today. customers must limit watering outdoors to two days per week. only water outside with 6:00 at night, and 9:00 in the morning. they penalize any property owners. 48 hours after measurable rain. under the new rule, they would be able to find people, and they would even be able to find people up to $10,000. >>> time to get a look at the forecast for you. this is what we can expect. >> we are headed for the upper 80s today. we are going into the weekend. mid-70s. we have showers on sunday. in san francisco, it's going to be cool and windy. clouds for the weekend. possibly some light rain by the end of the weekend. at the morning commute, it's a slow go for the bay bridge. it takes you about

. >> and in san jose a man was killed after driving his car into a home depot store front. it was at about 1:30 in the afternoon saturday. it's still not clear what caused that crash. >> international travelers are no longer required to take a covid test before flying into the u.s. president biden ended one of the longest running mandates yesterday, arguing it was hurting demand for international trips. the cdc will reevaluate the decision in 90 days. >> it is now 4:40. a somber end for the aids memorial quilt display as people came out one last time. >> and a look at the bay area legends who brought the energy for the >>> the los angeles pride parade made its return ofafter a two-yr hiatus. on saturday 23,000 people gathered for l.a.'s pride in the park event. >> it means freedom. >> it feels very validating to be in the park with everyone and not be afraid to be myself. >> this is the first year the l.a. pride was moved from its long-time home in west hollywood. >> and tens of thousands came to san francisco to see the national memorial aids quilt on display for the first

there are broughter implications for big box retailers you do own, home depot among them the focus seems to be of target, walmart, costco, depot, et cetera >> i agree with what's been said so far steph, jason, jon being in the stock, talking if it lasts one quarter, two quarters, whether beauty products are selling highly, lowly. i don't care too much about that the strongest implication, scott, not just retail sector but markets overall is that inventories globally and corporate wide got too high. what does it mean. inventories go to high, you cut prices, it is good for inflation and bringing down inflation. maybe taking a little bit out of the fed in terms of how far they need to raise the fed funds rate when you're out of the stock -- >> they're not going to change the course of rate hikes -- >> scott, that's not what i said what i said was this has implications for inflation the fed is going to react to inflation. i don't think that's an argumentive point. the fed will react to inflation. if inflation comes down more than expected, the fed will ease off. not talking about a fed put o

it happened around 1 40 this afternoon at the home depot. one monterey road.ies after his vehicle slammed into the front of the store. he was pronounced dead at a local hospital. at this time, officials say it is unknown. what caused the driver to crash. this is san jose's 32nd fatal traffic incident this year. a major airline is stepping up to help transport millions of bottles of baby formula to the u. s delta airlines is joining the white house's operation fly formula. that means delta will lend its planes for the shipping of about £212,000 of kingdom, ill baby formula from the united kingdom. delta will transport the formula from london to boston and detroit, where it will then be sent to retailers. the fda said separately that abbott labs will ship 16.5 million bottles of similac formula from spain. no date was given for that shipment. well hayward's newest firefighter has all the qualities you'd want in a first responder. he's brave. he's strong, trustworthy, and he's only four years old. jesse gary has a story of how an amazing toddler and an amazing co

we saw with walmart and home depot and target as well, the inventory buildup for nike is not much ofn issue. >> it was up 23% at the end of the year. that is significant. we are expecting to see more markdowns. nike has enjoyed a long period of -- given the supply constraints we have seen during covid. but now with more inventory coming on in transit or in stores, we think there will be pressure to promote more could as not only they have more inventory, but the competitive landscape is going to get more promotional. kriti: thank you as always. really putting that into some context. you heard it there, china is becoming a bigger part of the story not just for nike, but around the world. it's not just about their business there, it's at -- exports as well. china making its biggest shift by reducing quarantine times for inbound travelers by half. let's bring chief economist tom orlik. thank you as always for joining us. how much of a difference could this actually make when it comes to the rest the world? >> on its own, this is not going to be the game changer. the question is, is this

to bob nardelli, the former chrysler ceo and home depot ceo. the one thing that we learned from tesla here and the sell-off it had, the guy that runs it and the world's richest man just had sort of like a super bad feeling about what's going on. do you? >> yeah. you know, i'm going to have to join the cascade of comments that your panel and previous spoken have spoken to. i have never -- i've known jamie dimon for three decades. i have a lot of respect for him. when he says we might be facing a hurricane, one has to listen to that. let me share some personal examples to give you kind of the current view that we're seeing boots on the ground. i have one company right now serving one customer. we are at $50 million of excess inventory because of cancellations. if you look at the job reports that we got this morning, 78,000 additions. that was in hospitality and travel. today at hartsford, the clear tsa precheck was 45 minutes long. this morning at a chevron station, i paid $5.59 for premium, for gasoline. so facts are friendly here, neil. whether

. >> a man dies in san jose today after crashing his car into a home depot. this happening around one 30 this afternoon on monterey road. the man was taken to a hospital, but doctors were unable to save his life. police say they do not what know what caused this man to crash into the home depot. >> 500,000 doses of the monkey pox vaccine are coming to the united states. there have been 45 confirmed cases of monkeypox in 15 states and washington, d.c., more than 1300 cases have been reported and roughly 30 countries outside of africa over the last couple of months. now, officials say there is a low risk to the american public. >> 35 years ago this week, the first panels of the aids memorial quilt were station in san francisco this weekend. more than 3,000 quilt panels are being displayed in golden gate park making this the quilts largest display in more than a decade. kron four's felipe gaulle reports tonight. it honors those who died from the disease. >> and it reminds people that it is still taking lives. >> tears of joy and sadness shared by family members,

the suspect enables devastating fire at a san jose don't -- home depot store did not enter a plea in court as expected today. that is because the public defender for feeling guilty declared a conflict. -- dylan gogarty declared a conflict. he faces some 30 charges that carry a possible life sentence if convicted. he will be back in court later this month. >> new details on what reparations for african americans and the golden state might look like. this was giving an overview of the harm of slavery and discrimination over so many years against african-americans. the report gives recommendations on how to make financial amends. lyanne melendez is here to highlight what seems like a very comprehensive report. >> the report is 500 plus pages long and i only have the executive summary and it has 27 pages. if i could summarize it for you, i would say america would not be the country, the superpower it is today if it did not have free labor. the systemic discrimination has continued. >> you call them reparations, we call it justice. >> that justice can never be achieved without accountabil

police are trying to figure out how a man crashed his car into the south bay home depot.turday afternoon on monterey road in san jose. police say the man crashed into the store and died at the scene. no one else was hurt. let's get a check of your weekend weather. >>> we are waking up to the low clouds and misty skies in san francisco at 57 degrees more than the drizzle, there's actually chance we could see a few light rain showers here across the north bay, you're looking at this year in the futurecast as we move into the afternoon, the best window of opportunity midmorning to early afternoon and by 7:00, we begin to see the clearing skies in san jose, but it's going to be humid outside as this is some tropical air coming in that has really boosted the humidity levels through the day. some fog and drizzle at times for the morning, chances of mid- day showers and then eventually it begins to see the temperatures starting to get into the 60s and mid-70s inland. a bit of a cooler finish to the weekend, but it is going to be muggy outside. you will notice the extra moisture

seems like investors are willing to separate home builders versus the home improvement stocks like home depote to fix their homes and improve their homes. >> yeah. there is no doubt about it and the home depots of the world are almost in a way have a staples aspect to the consumption. it is pretty, the run rate is there. they're also big kind of free cash flow and dividend and buy back stories although i did see interesting charts that if you look at the percentage of outstanding mortgages right now, that are eligible to refinance and obviously be beneficial to the borrower, it is almost none, it is almost never lower because rates went up so fast. i do think that is one thing you don't get. the home equity withdrawal to pay for your house and now you have the home builders i look back at lennar, horton and pulte price to book values they're in the low end of the range. not where they bottomed in the aftermath of the housing bubble but getting pretty so bad expectations are being prices in. >> and tapping a heloc is much more expensive thank you, die sanaa and credit card are surging after an

and police are trying to figure out how a man crashed his car into the south bay home depot. it happened just before 2:00 saturday afternoon on monterey road in san jose. police say the man crashed into the store and died at the scene. no one else was hurt. and if you weeks ago, we learned about a baby formula shortage. it is now feminine hygiene products. they are apparently getting harder to find on shelves across the country and it's happening amidst rising prices. today in the bay's stephanie young looked at the situation in the bay area. >> i bet you five different sources and sent fiscal including cvs and target and they've all been running low on a certain feminine product, tampons. >> i feel like it's crazy that it's happening. >> the brand missing the most on shelves is tampax. and the maker procter & gamble has confirmed that some consumers may currently be unable to find what they need. in fact, cvs has confirmed in recent weeks there's been times where suppliers have not been able to fulfill the entire orders of feminine care products and the situation as people f

. >> a man dies today in san jose after crashing his car into a home depot. this happened around one 30 this afternoon on monterey road. the man was taken to the hospital, but doctors were unable to save his life. police say they do not know what caused this man to crash into the home depot in the first place. cal fire crews battling a large debris fire near livermore. today. the kelso incident happened near kelso and bruns roads this afternoon. cal fire says the fire did not spread to nearby besic vegetation and was contained to debris in the area. but the agency says to expect smoke from the fire to be visible throughout the night. >> meanwhile, a small vegetation fire did break out this afternoon near santa rosa. crews were able to contain the re billy fire just 2 acres, but fire crews did remain in the area. for several hours to make sure there weren't any flare ups. of course, it was hot and dry all over the bay area. today. it had been hot and dry for tomorrow. we're finally getting a little bit of relief, which i think is actually starting this evening

before target and walmart, home depot reported a great quarter nobody cared what the heck? stores work when the big dogs are struggling when people worry about a slowing economy, they're allegedly trading down we have seen people saying things are not trading down to the cheapest retailers and you can't get cheaper than the dollar stores. go to your dollar store and take a look at it you will not believe how nice, in particular my dollar tree is. i have a new dollar general next to me. i don't like it as much as dollar tree but it is a clean, nice store with good prices. then there's macy's which turned in terrific numbers. i have been cautiously optimistic about this one because i believe in the digital track and the ceo. macy's reported though, they knocked it out of the park 10.7 same-store sales growth huge numbers from bloomingdale's it is a great place to shop. people started shopping in person again they realized that an earnings beat pa big chunk of that came from the company's $600 million worth of buy back. who cares? that's a return of capital these were smart pu

gogi is facing at least 30 charges, including multiple counts of arson for this massive blaze at a home depot store on blossom hill road in south san jose. prosecutors allege he intentionally set the fire to cover up the theft of tools and in the process. created a great danger to the public. it was a saturday afternoon with family and employees and people working, so i think my office is very much dedicated to prosecuting this case to the fullest extent the fire ultimately went to five alarms, and the loss in inventory alone was estimated by investigators at about $17 million, the public defender's office told superior court judge jose franco. that it would recuse itself in this case and assigned the case to what is called the alternate defender in court. public defender did not outline the nature of the conflict by prosecutors say this is not unusual in complex criminal cases. so this is a common procedural happening, where there's a lot of charges and witnesses so for various reasons of public defender felt they can't represent this person. so a conflict was declared. gogi faces a potentia

now to san jose, where the man accused of setting fire to a home depot appeared in court today. ktvu esmark's air tells us why that suspect will now need a new lawyer. appearing in a green jail jumpsuit. 27 year old dylan j. crew's gogi spoke to his attorneys but made no statements to the court. gogi is facing at least 30 charges, including multiple counts of arson for this massive blaze at a home depot store on blossom hill road in south san jose. prosecutors allege he intentionally set the fire to cover up the theft of tools and in the process. created a great danger to the public. it was a saturday afternoon with family and employees and people working, so i think my office is very much dedicated to prosecuting this case to the fullest extent the fire ultimately went to five alarms, and the loss in inventory alone was estimated by investigators at about $17 million, the public defender's office told superior court judge jose franco that it would recuse itself in this case and assigned the case to what is called the alternate defender in court. the public defender did not outl

el hecho ocurrió en una tienda home depot.a de la tienda. el conductor fue trasladado a un hospital local donde falleció, elevándose así el número de muertes por accidentes de tránsito en 34 en esa ciudad. >>hoy en san josé abre hoy, sus puertas y gracias a la ayuda de la comunidad, een esta sinagoga donde acuden cientos de familias del el centro del área de la bahía. >>vamos a cambio de información. hoy domingo democratizar y republicanos en el senado pudieran haber llegado a acuerdo qque incluye mayor revisión de antecedentes, uun proceso más minucioso, y si el comprador tiene 21 años, yy penas más duras para el traficante de armas, también programas de salud mental. cuando el documento esté listo lo llevaran al pleno para su votación. >>entretanto texas es uno de los únicos estados que permite a los distritos escolares armar a los maestros, aunque no está claro cuantos distritos se han beneficiado de esta disposición. sara alexis garcía nos habla de la fuerza de la federación americana de maestros en texas para saber qué op

. >>> new tonight, police are trying to figure out how a man crashed his car into a south bay home depotappened at about 2:00 this afternoon. police say that the man crashed into the store and died at the scene, no one else was hurt. >>> a few weeks ago, it was baby formula but tonight it is tampons. they're getting are defined across the country. and it is happening among rising prices. looking at the situation here within the bay area. >> reporter: i have been to five different stores including cbs and target, they were all runnin feminine products. the brand missing the most on shelves is tampax and its maker proctor and gamble that some consumers may be able to find what they need. in fact, cvs has also confirmed that there has been times when suppliers have not been able to fill their entire orders of imminent care products. the situation has people feeling like this. >> it is really important to have products like that available. >> it is very frustrating and a good representation of where we are at as a country. >> necessities like this are kind of scary. i am not sure why it's ha

. >>> the man accused of starting a fire that destroyed a south bay home depot is expected to be back in court. authorities say 27-year-old dylan go g potentially said that fire on april 9th at the home fire in blossom hills row. now they believe he purposefully set fire to distract workers while he stole tools. he is also facing several shoplifting charges. and now the texas school shooting rampage. >>> a key figure in the police response may not be cooperating with the investigation. >> this is the man who leased last night was sworn into uvalde city council. following these latest developments. >> new video obtained by nbc news shows the moment the attack unfolded. from a group of armed officers rushing into the school, the terrified children running out. it comes as uvalde school police chief mabel no longer be cooperating with investigators. pete arredondo gave an initial statement after the deadly elementary school shooting. three days ago he was asked for a follow-up interview by texas rangers, and as of this morning, db acid and redondo has not responded. authorities say they

bread located in the shopping center next to target, bread -- best buy, market -- michaels, and home depote fast food chain has faced backlash for its donations to anti-lgbtq groups and comments by its ceo. it does not care when this location will open. >> tonight california's great america amusement park in santa clara will close its doors by 2033. following yesterday's announcement that the park has been sold. quotes this news brings to mind another iconic family theme park in the south bay that is now just a memory. abc7news reporter dustin dorsey takes a look back. >> threw a rod, water slides, memories made to last our lives. great america has been a staple in the south bay for decades, now set to close its doors after being closed. >> it was heartbreaking. it has been an icon in the valley for generations. >> stephanie's family got to visit a park for the pre-opening day celebration at -- in 1976 and she would work as a performer. they shared the stage many times. this week the two took a moment to look back on those days. >> working there, eventually, the memories and the friendship

they were sold at lowe's, home depot and appliance stores nationwide and online at frigid air dot com from april 2020 through march of this year. coming up next, some tense moments unfold rushed into a liquor store to capture a murder suspect that chaotic confrontation. >> it was caught body cameras. >> intense video captured a police shooting in nashville. officers responded to the scene after a suspect allegedly shot and killed a store security guard in the parking lot. the shooter went into the storm soon confronted by 3 officers after he refused their commands to drop his weapons officers opened fire. he was wounded and is recovering at a local hospital awaiting a court date. nobody else was hurt. nationwide manhunt for a texas fugitive is over tonight. the man died during a wild shootout with police in texas. >> gonzalo lopez was serving 2 consecutive life sentences when he escaped from a prison bus en route to a medical appointment by stabbing the driver. authorities say lopez then killed 5 people, including 4 children and stole a truck from their cabin as he continued his escap

. >>> he is accused of burning down the san jose home depot. today he was back in court. a very stoic man was scheduled to enter a plea but that was derailed because of other alleged crimes he committed before, during, and after those fires. those cases apparently have created a conflict for the public defender's office and meaning he needs to find another attorney. many analysts say that whoever ends up defending him faces an uphill battle, specifically, because he allegedly told investigators that he only intended to start a small fire so you can distract employees while he stole tools. >> so when you mean to start a fire and you do start a fire, and it turns out to be a big fire, you are in a bunch of trouble. he is in a bunch of trouble. there is no such thing as the defense in an arson case that i meant to it to be a little fire. >> reporter: they want to make sure an alternate person can represent them in this arson case. >>> a watershed moment for those pushing for reparations for african americans. task force released a report detailing california's role in perpet

. >>> the man accused of intentionally setting a five- alarm fire that gutted a san jose home depot.was derailed because of other alleged crimes he committed before and after that fire. apparently it has created a conflict for the public defender's office, which means g. will have to find another attorney. >>> three horses at a local racetrack have died over a two day period. investigators are trying to find the cause. horses died over the weekend that golden gate field, in berkeley. the california horseracing board said one died after falling over and hitting her head. another was euthanized after a race injury.and the third horse died, unexpectedly. the board said there is a worldwide phenomenon right now of forces dying suddenly for no clear reason. >>> some relief for parents with little ones tonight. the one age group that so far has not gotten okayed for vaccines is getting a step closer. fda to authorize its covid-19 vaccine for little children, ages 6 months to 4 months old. a previous proposal was not strong enough.data found three doses for the young kids is most effective.

we'll talk to a former home depot and chrysler c.e.o., bob nardelli, coming up. >> trace: two missinghildren in the northeast, one disappeared in 2019, now police are back at her home collecting evidence. and looking for a 3-year-old boy who went missing from his baby-sitter's house yesterday morning and we know in these types of cases, the race against the clock is on. that's next. >> water in the back yard, look under bushes, look anyplace you think a 3-year-old could hide. with best western rewards you get rewarded when you stay on the road and on the go. find your rewards so you can reconnect, disconnect, hold on tight and let go! stay two nights and get a free night. book now at bestwestern.com. i didn't realize my dna could tell me if i had a higher chance for type two diabetes. so when my son gave me a 23andme kit, it was a wake-up call. this father's day, start a new health journey together with dad with $50 off every kit. >> tech: cracked windshield? schedule with safelite, this father's day, start a new health journey and we'll come to you to fix it. >> tech vo: this custome

morning, we appreciate it god bless you quick break headaches in the home buyer's market cofounder of home depot starts fall to lowest level over a year we take mortgage rates housing investing today with ken langone. stay with us. . welcome back home admirers facing more hurdles heartaches home prices and mortgage rates both soaring gerri willis here for what homebuyers can expect in the market good morning. good morning to you maria, that is right, the red-hot housing market losing steam as taking homebuyers keep getting higher. >> listen. >> a on demand side of the market in terms of higher rates, higher home prices, which is all pricing out perspective homebuyers, funds rate 75 basis points points freddie mac saying average mortgage rate jumped to 5.87% gain 55 basis points biggest week-to-week gain in 35 years, look, good luck finding a house, inventories continued to be constrained, house of starts plunging down 9.2% from april to over a million one million 51,000 building permanence off by 7% from month ago levels affordabilitigeting tougher with mortgage data company saying average insid

s visa, cheerios, the weather channel, colgate and home depot.ion siding with the pork industry against a california law that sets minimum standards for cages used to hold pigs, hens and calves. proposition 12 bans the sale in california of meat products from animals that are held in smaller cages. the justice department says the law interferes with interstate commerce. it's asking the supreme court to reinstate a pork producers lawsuit against proposition 12. in a filing to the court, the department's lawyers said california has no legitimate interest in protecting the welfare of animals located outside the state. those in favor of prop 12 argue that protecting the welfare of animals everywhere should be everyone's concern. pam cook, that's look at your dollars and cents. thank you. at first glance, this next story would feel like a florida story, but it's not from michigan. a man there says he's feeling stressed because he's missing. his pet alligator, karen she sleeps right with me like a puppy dog. yeah so this all started when police tried t

exclusively at the home depot. >>>. >>> he said so supposed i do this, suppose i replace him, jeff rosen mr. president, i'm going to resign immediately. i'm not working one minute for this guy, who i just declared was completely incompetent. so the president immediately turned to mr. engel and he said, steve, you wouldn't resign, would you? he said absolutely i would, mr. president, you leave me no choice. and i said we're not the only ones. no one cares if we resign, but you're going to lose your entire leadership. your entire department of leadership will walk out within hours and i don't know what happens after that. i don't know what the united states attorneys are going to do. we have u.s. attorneys in disabilities across the country and my guess would be that many of them would have resigned and that would then have led to resignations across the department in washington and i said, mr. presidents are within 24, 48, 72 hours you could have hundreds and hundreds of resignations of the leadership of your entire justice department because of your actions. what's that going to say abou

defensive defend from costco home depot has had a decent spring but you know what, people just wantelves into a recession, carl. i really believe that. >> it's happened before, jim we'll try to keep things as honest as possible, at least what we see here by the way, you can always get in on the cnbc investing club with cramer. sign up at cnbc.com/investingclub or use the qr code on the screen. very busy day. the ecb leaving rates unchanged, ending qe, saying they intend to hike 25 in july. we'll get cpi tomorrow, ppi next wednesday. we're back in a minute >>> we're the strongest economy and that's allowed us at least to stay on top of and a little bit ahead of what's happening around the world second thing is, look, inflation is the bane of our existence inflation is mostly in food and in gasoline, at the pump >> yeah. >> the president last night on jimmy kimmel talking about inflation, jim we did get some administration officials yesterday saying they do expect tomorrow's cpi print to be elevated >> yeah. i think it will. if you can go on jimmy kimmel, can't you go on mike werth no

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florida man steals flowerpots from a restaurant entrance behind the flowers replanted in 5-gallon home depotews or florida? >> jim and jason with the fake. >> what is wrong with me? kennedy: you are normally so good. >> i think somebody put a hex on me and i think somebody cursed me, not cool. kennedy: did you meet my mom? kennedy: that would be my grandmother. [laughter] are you mad? [laughter] headline number six. florida man caught wrapped in blankets to order off the kids menu at texas roadhouse. fake news or florida? >> i think it is real. kennedy: nice to see you back in the game. >> that was worth twice all your points. that's when i was informed of . kennedy: you can have one more. [laughter] >> what is this, 2020 election? stop the steel. [laughter] kennedy: headline -- immaculate changing agenda as we speak. kennedy: florida man arrested for repeatedly calling 911 to declare joe biden belongs in jail. take news or florida? >> i think it's real and it was hunter. [laughter] kennedy: jason and jim back on the board. 29-year-old jacob ryan arrested after calling 911 repeatedly, saying