let's talk about aldi. i'm an aldi fan. raise my hand.eporter: okay. >> and we're talking about their investment into the united states but let's talk about uber, too. big shakeup. >> reporter: major shakeup at uber. it is expected to be announced today. the board met yesterday. they're considering a leave of absence for the ceo travis kalanick and we are expecting his confidante this guy mill michael to resign. he's the one who suggested tatargeting critical journalists. >> we haven't been reporting a lot of good news for uber lately so let's see what the changes mean. >> reporter: no. >> now let's talk about aldi and their investments. >> reporter: i've never seen an aldi. >> we have them here. >> reporter: and neither has anyone in the news room. i've never seen that logo in my travels in the northeast. >> really? okay. more aldis are coming to the united states because the german super market chain is investing an additional $5 billion here in five years. why are we telling you this? you'll see more stores but you might even see cheap

you give a bette interpretation >> i think the story aldi and lidl they gained in popular tichlt peopty people were look for bargains and now gaining share. we're looking at them having 16% to 20% market share over the next several years in this sector who loses? the big four that's not going to change >> in terms of investors, i want to draw attention to this wall on the left as well. we have sainsbury's trading on 13 times a low valuation. the ones that amaze me, the next three, tesco, morrison, recovery plays. dave lewis at tesco and the morrisons recovery play. the markets is having yvaluing w on a recovery, whether it's happening or not >> yes i would throw marks and spencer into that. these are turnaround stories, but we're not seeing the turnaround i would argue with aldi and lidl continuing to battle, we are looking at multiples potentially too big of a premium >> one of the things that irks me, the valuation of a retailer online, as opposed to an online technology company that does retail look at ocado. it is trading at 140 times forward. if you're a technology company doing

we have seen the supermarket wars continued with aldi and little gaining market share.e trend has been there for a number of years. this particular hubbard set in during the credit crunch were consumers changed their habits in the uk. aldi and lidl have continued that trend. there has been significant growth in both sales. and market share. looking at the big four supermarkets, they are starting to decline. if inflation declines, yes, we could see a certain stability. i think the trend is certainly there. i also think inflation is likely to continue to rise, so it could very well play in favour of aldi and lidl going forward. brenda kelly, many thanks forward. brenda kelly, many thanks for that update. so the ftse remains just about in positive territory. it has an inverse relationship to sterling. more for the multinationals abroad. the dax is also up. and the dowjones in the united states. nasdaq up as well. all positive so far. that is it from me. thank you very much. the actor, roy barraclough, has died at the age of 81. he was best known for playing alec gilroy in

aldi has always been in it for the long haul.t is proceed to ta ke doing very well, it is proceed to take the long—term view in america. $5 billion to do so? to do another 900 stores and lidl will open on thursday its first ten stores in the states. gosh. we'll keep an eye on it. nice to see you. dominic, thank you. that's another busy business live. we're back at the same time, the same place tomorrow. we will see you then. see you soon. bye-bye. hi there. good morning. plenty of dry weather around this morning. especially across southern parts of the uk, but further north and west we have got a few weather fronts giving us showery outbreaks of rain. this airflow will giving us showery outbreaks of rain. this air flow will continue to bring weather fronts. but the this air flow will continue to bring weatherfronts. but the rain by this afternoon becoming more confined to the far north—west. as you can see for most of us, it's looking fairly dry. there will be bright and sunny spells developing as the day goes on, but across scot

the krcvs and aldi also reopene and the dog park. very important piece of this, neighbors and dogs able to get back out there and bring some sense of normal. politically we need to get republicans and democrats so they stop fighting at all these commercials that potentially can insight this type of thing. >> back out life, you can see the field. they were watering the field. it remaining closed, but we're told it will reopen sometime tomorrow. erica back to you. >> darcy spencer, thank you. american sailors are missing oceans away off the coast of japan. navy says destroyer collided with a container ship roughly four times its size on friday. today returned to home port in japan without seven of its sailors. u.s. and japanese forces have launched a joint search effort, at least two other sailors were hurt in the collision. >>>. >>> what investigator are telling us about the mother of an abandon child. >>a child is bravely> >>> arlington police need the public's help finding this man. wanted for a role in a murder last night. police s

aldi will have 2500 locations by the end of 2022. >>> well a couple of colorado brothers are changingay fresh locally brood beer gets to consumers. >> and they're using an app. here's how it works. these 32-ounce cans get filled and sealed at partner breweries then sold to the brother who's promise fresh delivery. differing from a traditional liquor store these non pasture arrived beers can only stay on a shelf for more than, new york more than two weeks. that's it. so the breweries are seeing their business this new business as a way to expand their reach. reaction has been really positive. >> so delivery as of now open to anyone in only denver. sorry. >>> all right. forget having to lay down on the couch and bear your soul. the new trend in therapy is ca cats. >> come over to my house. i got cats for you. >>> a gym that tailors its activities fort needs of children with autism. what it does to help kids on the spectrum. sean bell? >>> lucy, mandatory workout kicking off for the eagles this week. today we caught up with duce staley and he talked about who he thinks has improved the m

neighbors say the construction forced them to park in an aldi lot but the store is having the cars towed. >> every night i have to go around the block two or three times and see people double parked. >> i'll be glad when it's over but it has to be done. >> the water department expects to complete the project by october. >>> up next, our bill cosby coverage continues live from the courthouse. jurors asking several questions today. >>> plus avocado assault. a food order triggers a food fight and it's all caught on camera. >>> retired wonder woman. a delaware county lady in a superhero get up finds a tiny piece of america's got talent fame. >>> and bye-bye heat, hello, cooldown, i'll talk about this right after the break. >>> welcome back. i'm jim rosenfield here in norristown. for the second straight night the jury has gone back to their hotel. no verdict in the bill cosby sexual assault trial tonight. the jury had three questions today including one about cosby's deposition testimony from a civil suit andrea constand filed in 2005. another sought a clearer definition related to the issue

. >>> the german grocery store is expanding in the u.s., aldi will invest $3.4 billion in the u.s.r the next five years and the chain has 1800 stores in the u.s. and they plan on opening another 900 stores which would make it the third- biggest food store behind walmart and kroger. they will focus on private- label food, organic produce and meat that is raised without antibiotics. >>> if you love video games and microsoft has released the new details on the next gaming console that is called the xbox 1x. it is smaller than previous versions but one of the most powerful videogame consoles ever made and users can play the existing xbox one and the xbox 360s games on it and most of those in 4k resolution and will be released in november with a price tag of $500. >>> sprint will be the only carrier to get the new " essential" phone and created by andi rubin, the screen almost covers the entire front of the phone featuring modular add-ons like the 360 degree camera. sprint has not announced the pricing it for the new phone and it is unclear how long that "essential" will remain exclusiv

had a chance to explore some new opportunities this afternoon fresco user john rouse takes to us an aldi supermarket in northeast physical. grocery store hosting a hiring event for all of its local stores. store reps were there to answer any questions and they're looking for manager train notice to join their team. the delaware county summer concert series opened tonight in rose tree park in media. the delaware county symphony kicked off the series today the festival will feature local artists throughout the se seas season. when you see news happening take out your phone shoot it and use that fresco app to send it oh our newsroom. you just might get paid. >>> resigning clinic paying off big time for new jersey elementary school children they have a new playground equipment. made from recycled too many brushes and toothpaste tubes and other recycled stuff. hawthorn elementary in willingboro won the recycle playground challenge which what i was a contest to collect the most dental high jeep products for recycling. the estimated value of all of that fun stuff you see right there, $50,000. >

so aldie, sterling, looks like maybe east of 15 passing east of loudon.e'll watch that for the isolated shower or isolated storm this evening, but that's the only thing that doppler right now. day planner monday, a lot more doppler activity tomorrow, that's for sure, especially in the afternoon with strong to severe storms, damaging wind gusts, torrential downpours. we need the rain. you know how awful it feels today, dew point, the measure of moisture in the air. when it gets to 70s, it's uncomfortable. we're well into the 70s. there are dew points of 73 with temperatures upper 80s to around 90 and some heat index values like here in washington still in the upper 90s with a temp of 89. it's gusting over 30 keeping it maybe a little less oppressive. big storms out northwest from new york state. these are some severe storms here. that's a severe thunderstorm watch, the box in yellow. the storms go all the way back to the deep south as moisture and the front moves our way. the upper winds will increase. all that means is severe weather is a good bet tomorro

. >> aldie. >> that is very affordable. >> coming up on fox5 news morning a pair of big name residents contributing to parking problems in one d.c. community. >> and cracking down on crime a new high tech tool with a bird's eye view is being used to catch criminals in northern virginia. >> as we head to break a live look across the d.c. region. it is right now 4:42 and 73 sticky degrees. more details when we come back. >> ♪ >> ♪ >> this is fox5 news morning. >> time now is 4:45. here are the stories we're following for you today on this monday june 5th a vigil is planned for tonight to honor the victims of london's terrorist attack. isis is claiming responsibility for the attack which left seven people dead and nearly 50 injured. on saturday night, three men drove a white van into pedestrians on the london bridge. they then got out and started stabbing people in nearby bars and restaurants. within eight minutes of this violent attack police shot and killed the three >>> former fbi director james comey and nsa director admiral michael rogers set to testify this week. it will be the firs

aldi, a germants grocery store is planning on expanding. and walmart thought when they enter the u.k. market, they took market share away from walmart up overart was acting in the u.k.. investor wants to know what this will be doing to tackle that headwind as it comes along. and there is a negative retail environment out there right now. a lot of stores are doing poorly, and investors and analysts want to make sure what part of the head curve. bonnie: 40 live there from fayetteville, arkansas. emma chandra reporting live there from fayetteville arkansas. this man was rest -- asked about president trump's decision to exit paris accord. >> my reaction is that global warming is a fact. and by the way, as i said yesterday, i do not know if you saw my tweet. i'm committed to the strategy, and the strategy was to integrate the warming. why? influencingng is the industry. it is all markets. -- youever will happen know, the global warming issue you have the state, and you have the company. we invest. when i invest in energy, i invest for 20 years.

we have not talked about the fact that some other companies like aldi is coming into the u.s., so this space will be more competitive, not less, and, you know, jeff, obviously got amazing distribution, incredible what he's built, but at this valuation and increase in the stock price doesn't make sense to me relative to walmart. >> dan, you mentioned facebook out there. of course, amazon is lumped in with facebook, with google, you know, essentially all of these kinds of big virtual software based companies. seems to me am ason is a little different in terms of just the nature of its business and just -- it's not just code, right? this business is all about kind of messy stuff like warehouses and pushing stuff around is that part of the thesis why amso amazon is looking rich here >> caller: 100% right. this gets them into the the physical ownership of retail space stores, et cetera. it's -- this business is ugly. it's hard. there's a reason why the, you know, the -- these companies before today were all getting murdered, because it's not a good business, more competitive, especially as

♪ aldie. >>> that breaking news still unfolding after an amtrak train just outside eun station hitw. good morning, everybody. >> we want to show you where this happened. look at the map, you'll see the 1200 block of new york avenue. here's a map for anyone familiar with the area around there, this is near a bus depot and mobile gas station. >> this happened just before midnight. amtrak spokesperson said two people the train was delayed as a result of the investigation. we have team coverage of this breaking story. we have the latest on the investigation. >>> first, we begin with fi traffic and melissa mollet. what's the impact for commuters? >> good morning. we're keeping an eye on that, trying to see what's going on. worried there may be impact out of new york, out of philadelphia, out of baltimore towards washington, trying to get a better grasp on that. i will be updating through the morning. and southbound 95 after route 1, left lane. and 270 southbound looking quite good. no major issues. good morning. >> good morning. what a nice morning it is outside. >> it is beautiful. i h

walmart continues to beef up its grocery offerings, and new entrants, like german grocery chain aldi,rices. that was samira in new york for us. we have got mike amey, a managing director and portfolio manager at pimco, nice to see you. let's start by talking about the uk, because the bank of england has got its meeting, mark carney has not spoken for a month publicly, and a lot has happened since he last met with his team. that is right, there has obviously been the election result, quite a lot of political uncertainty out there, and some of the data has been more mixed in the uk as well, some of the activity data has been lower than expected, and u nfortu nately lower than expected, and unfortunately inflation has been higher, so what they will tell us that they don't really know, there isa that they don't really know, there is a lot of uncertainty out there, i think their preference is to do nothing, to wait and see how things develop. a lot of people saying that the uk economy needs attention now, you know? well, it has slowed, and as benjamin micra mentioned, there is this challen

lydlee seen aldi and talking about opening up new stores and kroger thursday released numbers and amazonthis because we think this is the holy grail and amazon is making the next move. erik: we have this sense that amazon buying whole foods is a game changer. how do you think about it? >> it is staggering. this is drop the bomb on the industry, the houses on fire. number one, jeff bezos just showed his cards. quietly expanding amazon fresh but nobody really talks about it. nobody is aware it's happening. this has been a big thing but jeff bezos has laid his cards on the table and it's hugely impactful. assets to goed the for online. ishas shown his cards and he massively accelerating his move to online groceries. in my opinion, he has slammed floor.al to the what would have taken them five years to build up, he has it tomorrow which is the bakeries, the kitchens, the logistics, the distribution centers -- it's all happening now's we speak. delivery is grocery beyond what other supermarket companies in the food business have been doing with e-commerce. u.k.,the u.s. but in the they are mu

suffering after a fresh tranche of industry data showed rivals aldi and lidl had grown at their fasteston cost families an extra #27 on groceries over the past 12 weeks according to figures from ka ntar world panel. oil is hovering around t a three—week low, with rising output in libya exacerbating concerns about the success of opec‘s production cuts and the likelihood of it reducing overall supply in the market. that's all the business news. only around a third of teenage boys say that they enjoy reading. that's according to a survey of more than 40,000 children across britain. but the study by the national literacy trust does suggest an overall rise in the number of children who say they like to read. tom burridge has the details. suddenly he realised he didn't know where his friend was... it is story time in liverpool. this charity, called the reader, encourages children to get their hands on books. getting young kids to read isn't hard — a new survey suggests the real challenge is keeping boys reading when they get older. i have got three boys and i think as they get older it does g

had a rough couple weeks >> aldi in the country at one end, walmart pressing what they're doing, amazonver as much as they can online, buy in store, pick up in store, all the things you can do with 460 locations, i thought it was a great move for amazon. >> great stuff thank you very much. >>> still to come. we take you to washington. this week will be critical for the senate health care bill. stick around "worldwide exchange" back a up mutesin >>> welcome back to "worldwide exchange." let's get you up to speed. futures high by two-tenths or three-tenths%. nasdaq was the performer up nearly 2%. energy, underperformer down 2.8% wti slip the best part of 4%. but rebounding 53.4 >>> to politics. the gop health care bill faces a big test this week congressional budget office expected to release its score of the proposal edward lawrence joins us from washington good morning >> reporter: good morning, courtney this will be an uphill battle. right now there are five republican senators who say they cannot vote for the bill in its current form republicans will have to walk a fine line to get th

. >>> welcome back, two chains going after walmart, aldi investing in the u.s., expanding store baseations, adding nearly 1,000 from the current store count by 2022, and currently operates 1600 stores, and plans to spend 1.6 billion dollars to remodel 1300 of them. in other words, it's splashing out a lot of money here. meanwhile, little is set to open 100 stores in the u.s. june 15th, saying 50% lower than rivals, where does that leave walmart with 12,000 stores and recent acquisition of jet.com. they assessed lower prices in 11 u.s. states and undercutting rivals by 15%. look at shares of walmart stato. they are under slight pressure, mike, honestly >> yeah. >> we know this has been priced in, talked about ald coming before i don't know if heidi klum's line for lidl changes too much >> not in that eequation, but in general, pointed in the direction of consumers being the net winners. 500 stores a year for aldi in five years is going to make a dent i don't know if it's all walmart, probably regional chains too >> i want to know how amazon factors into this. this is a thing for wall

close to aldi, and upperville. it's going to move to the north and east.t's going to cross over and head toward sterling on our future cast. not moving very fast headed toward sterling at about 6:33, and you may make it home tonight, inside the beltway, without any real problems, just some wet roads, but if you go out tonight, don't be surprised. we run the risk of heavy rain, and down powers through 9:00 or 10:00. yellow weather alert tonight through tomorrow. heavy, to some severe storms early tonight and mainly the threat is going to be flooding. heavy downpours with the flooding and father's day, hot, but only late storms, not that bad. temperature wise tomorrow, 89, but then 92 on sunday. upper 80s monday and tuesday. and in the upper 80s on wednesday. summer arrives late on wednesday. >>> here's what i mean. here's 10:00 on future cast. feel the red, montgomery and prince george's county down into charles county, call veteran, and -- calvert and westmorland. heavy downpours still possible until about ten or eleven o'clock tonight. on the day planner,

in other news, the german discount chain aldi is expected to unveil plans to open 900 new stores andhundreds of others in the u.s. over the next five years. that would expand store base by 2022. if that goes according to plan, put the german grocer to become the third biggest food retailer in the u.s. that also raises stakes of a price war. keep in mind that little, the other german rival will open first of 100 stores on june 15. >>> microsoft making a jomajor announcement ahead of the expo tomorrow. sure a lot of people are excited about this one. >> talking about the new console. very hefty one. $499. twice the price of the standard xbox. $100 more than the play station pro. also giving us release date for new console. probably going to be november. just in time for the holiday season. >> live from london. thanks so much. >>> still ahead, new details from the story of a woman held captive by a serial killer. dramatic video of her rescue after being held captive for months. >>> one word to describe the weather hitting large part of the country. testify to that here in the northeast.

the company says a small number of pets have en >>> if you like aldi for the bargains, soon more of youre to experience it. the chain plans to create about 900 new stores in the u.s. over the next five years. right now, there are about 20 in our area. it's unclear how many new stores are expected to come here. >>> dropping pennies in the biggie bank isn't going to cut it anymore. you have to get more creative if you want your children to be financially fit. news4 is working for you with money tips for all of the stages of their lives. and you need to start as soon as those kids are born. our consumer reporter susan hogan has advice you can use even if you are not a parent. as you know, there's a lot of planning required when you start a new family. but the one thing you don't want to forget about is your finances. so here are four things you can do to set your newborn on the right path to financial success. number one, start saving for college right grows tax deferred. >> ask family wants who want to contribute, open their own account in the child's name and get the tax benefit for it. n

business, it's a tough business right now you have this price competition coming from walmart, target, aldierman retailer that made its debut yesterday in the united states >> in the best of times, 1.5% profit margins >> already razor thin. he said that in the conference call the management seemed to recognize this is a game of straight to the bottom in terms of prices. my chart of the week is nike which got beat up on announcements. another stock that i follow not to the extent of kroger. thanks for being here. have a good weenekd, everybody that does it for "worldwide exchange." "squawk box" is up next. nts eve. ddos campaigns, ransomware, malware attacks... actually, we just handled all the priority threats. you did that? we did that. really. we analyzed millions of articles and reports. we can identify threats 50% faster. you can do that? we can do that. then do that. can we do that? we can do that. . >>> tech under pressure. the selloff of names like facebook and amazon weighing on markets. >>> cuba crackdown president trump is headed to miami today to roll out a new policy with cuba w

neighbors say the construction has forced them to park in a nearby aldi lot. the store is having those cars towed. a homeowner told nbc10 people routinely black her driveway. >> every -- routinely block her driveway. >> every time i go around the block, two, three times. people are double parked, got no choice. >> obviously when it's over. like i said, it has to be done. >> the water department says it expects to complete the project by october. >>> new this morning, drones could someday carry lifesaving medical devices to revive people who are in cardiac arrest. researchers already test the idea and found they arrived much more quickly than ambulances. they put a small heart defebruary later -- defibrillator on a drone and taught people how to use it. they say it's an idea that should be explored. >>> speaking of defibrillators, the lifesaving technology will be in all philadelphia public schools by the end of the month. the school district announced it's putting automatic external defibrillators or aeds in all public schools. in addition, elementary school p

and aldi, the $3.4 billion invested in the u.s. over the next five years. the food chain already has 1800 stores in the u.s., and they plan on opening 900 more to make it the third-biggest food store chain behind walmart and kroger. the german store chain will focus on private label foods, organic produce and meat raised without antibiotics. they claim that prices are between 20% at 50% lower than the competition. >>> the investigation is underway this morning after a plane was forced to make an emergency landing at the airport in sydney, australia yesterday afternoon. the in-flight problem on the china eastern airlines plane that caused the hole to burst in the engine casing and the plane took off from sydney heading to shanghai at the time. passengers heard a loud noise and began to smell something burning. >> some of our friends there with the smell something burning and we did not think anything about it really, and all of a sudden he got very loud. everyone was kind of acting like it was normal but we were a little bit wondering, interesting. >> thankf

over the next five years -- all the -- aldi who plans on investing $3.4 billion in the u.s.r the next five years, and focusing on foods and meet raised without antibiotics, and the prices are 20% lower than the competition. >>> microsoft has released a new details about the next gaming console, the xbox 1x. the console is smaller than the previous versions but is called the most powerful videogame console ever made. you can play existing xbox one and xbox 360 games on it and most of them in the 4k resolution. it will be released in november and the price tag is $500. >>> sprint will be the only carrier to get the new essential phone, the smartphone created by the android cofounder andy rubin and the screen nearly covers the entire front of the phone featuring modular add-ons like the 360 degree camera, and sprint has not announced the price for the new phone yet and it is unclear how long "essential" will remain exclusive with sprint. >>> the san francisco famous ferry building will soon be for sale and bloomberg is reporting the current owner, the blackstone group is due to

aldi says it's goal to provide customers with organic produce and meat raised without antibiotics. >> we are going to take a look. >> really good. >>> plus, the big winners from last night's tony awards and kevin tells us about a d.c. connection. the fox beat is next. ♪ ♪ (dad) she's all yours. (vo) but you get to keep the memories. love. it's what makes a subaru, a subaru. tom went to washington to take on the insurance companies and the credit card companies and the wall street banks - that's what tom perriello is about. i was proud to stand with president obama because progressive causes have been my life's work. i'm tom perriello, and i'm running for governor to reduce economic inequality, raise wages, eliminate the burden of student debt and protect our climate. together we really can build a virginia that works for everyone. hi. i'm the one clocking in & when you're clocking out. sensing your every move and automatically adjusting to help you stay effortlessly comfortable. there. i can even warm these to help you fall asleep faster. does your bed do that? oh. i don't actually ta

he takes part in the fighting at aldie, in which pleasanton's order to go through the calvary screen and find out what he is up to. they engage in this close combat which typifies most of the calvary on calvary fighting in the civil war. again, when they are mounted they are able to close quickly, they engage in close range contact, and this brings up something else about custer. he is himself a fighter and very talented one. at a time when of course long-range rivals, muskets, we are not seeing one style of warfare yet but it is bringing to the forefront firepower and riding the horse soldiers to fight more on foot. firepower is dominating the battlefield, but when they are fighting against other horsemen they often close up quickly and personal skill matters. that custer fought with a saber and he fought with a revolver, and his personal skill mattered, and he found himself cut off and behind the confederate lines, and he had to cut his way out. it is a sign of how custer himself is brave and daring and skilled with the saber. lucky for him, it turns out that lee was invading the n

which is in the midst of a leadership transition, amazon deal comes as privately held german grocer aldids in the u.s. just goes to show that the supermarket battle extends overseas. >> absolutely. just as those german retailers and grocers were expanding their presence seema, thank you let's get back to sue herera with a news update hi, sue. >> hi, sarah thank you very much everybody. here's the news update this hour, president donald trump confirming an fbi investigation today through a tweet. mr. trump writing, quote, i am being investigated for firing the fbi director by the man who told me to fire the fbi director which hunt end quote. the president may be referring to deputy attorney general rod rosenstein who in a memo to president trump raised concerns over comey's performance jurors in the bill cosby case returning for a fifth day of deliberations. the jury now saying it has questions about reasonable doubt and wants to hear part of his sealed testimony repeated. yesterday the jury told the judge they were deadlocked, but the judge told them to try again. london police say that

. >> good food-- >> you've got aldi.say that again, i missed it. >> you've got aldi which is is competitor of lidl. i tried to buy lidl stock, but it's privately owned. but the belief it will help other brands like dollar general because people may go-- millennials aren't so tied into brands as older generations were, he so it may help other companies. stuart: see how on the ball we are. talk about the retail ice age and we cover it. and we're on top of amazon and we're really great. liz peek, andy puzder, scott martin, and all. the crowded screen. we're down .2%. okay. coming up, an update on congressman steve scalise, he's now listed as critical. more surgery is coming for him. dr. marc siegel has been in contact with the hospital and he'll bring us the latist on that. we'll be back. at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. >> we're down ab

this could put pressure on other grossers likewalmart and kroger aldi already operating 1600 stores instates. >>> and lyft has a new passenger. jaguar land rover. the automaker investing $25 million in lyft as part of its latest round of fund rising. jaguar land rover will provide a fleet of vehicles to lyft drivers and the companies will work together on self-driving cars >> let's talk alibaba. the world's largest e-commerce site taking the show on the road trying to connect u.s. small business owners with the growing chinese consumer joining news a cnbc exclusive michael evans, president of alibaba. we're thrilled to have him here this morning >> good morning. >> we have a lot to talk about, both what you're doing here in the u.s. and how the stock just popped about a week ago on this new forecast which had people literally in the audience saying oh, wow, i don't know if you were there physically to see it. >> i was there physically to see it >> it was supposedly, i wish i was there to see it. he announced basically a new forecast up 10% or 10% from where it was going to be, right? a

one in every seven pounds spent at supermarkets will be at discount stores like aldi and lidl withinbout one of the toughest footballers that newcastle united fa ns footballers that newcastle united fans have ever seen play. former newcastle united midfielder cheick tiote died yesterday, aged just 30. he collapsed in training with his new club, beijing enterprises. tiote's former manager steve mclaren led the tributes, saying he was the toughest player he'd ever seen — but if he was smiling, he knew the world was ok. tiote, who was from the ivory coast, played in the north—east for seven yea rs. cheick was competitive he was a warrior and could play. the tempo and intensity of his game and the game the tempo and intensity of his game and the game that he wanted to play would be ideal for the premier league and proved so. that is the kind of player that everybody wa nts. he was a winner all the way through. most days we are talking about security issues at the moment and in sport, of course, it is at the top of the everybody‘s mind. the french open is going on at the moment and andy m

rivals including a european grocery chain which is planning to enter the east coast market along with aldi has been expanding its reach in that goods services and entertainment. >>> and this year analysts say consumers will be spending record amounts on gifts for dads and giving him what he deserves and making s knows just how much he means fox business n influential. they give the child 90 percent of theirself esteem. they have a job to do. >> reporter: sunday consumers are showing their dad appreciation for all of the jobs he does. >> dads feel like they need to have a more active role. dads want to do a better job. kids want to spend more time with their dads. >> reporter: shoppers expected to spend an average of $135 for father's day that's 15 and a half billion dollars in total up over 1 billion since last year and the most popular choice getting dad out of the house. >> more and more we're seeing people look less to tangible gifts and more to giving experiences, something dad can enjoy with those giving the gifts. taking dad to that concert could be something that you're knocking whi

there's the german company that opened up yesterday, aldi, i'm worried about what someone might thinktrump might think, he's not an amazon fan necessarily, and, also, the time, legal term of the prime business to grocery. that's why i'm worried, overall online power >> no, you're right to ask the question this could have bipartisan skepticism, brian, absolutely right, but it's immediate. it's not going to trigger any immediate action myself, but i'm not an antitrust exert hard to make a case given the level of competitiveness there's an issue short term, and longer term, would devastate the competition so much this is hard to revive it is you can take a look at what happened to cosmo, home grocer, and they were bought, and all these things had four year time span - >> a grocery graveyard perhaps >> bezos invested in cosmos. they had a significant amazon investment what he's been doing is hiring people from the failed ventures to acquire their technology and expertise to learn from failure, what went wrong. they still are persisting problem in making that last mile work and there's a g

>> they push, leidle and aldy, they're so cheap and they stop buying on amazon and buy fresher productt 40% less in the store. we talked to the our guy in dublin. they transformed the way it stopped. he used to spend 200 euro a day, three kids and rescue pet and his wife and 200 euros a week and now 100 euros a week. finnigans can afford to send their kids to college and go on vacation and that's happening across europe and it's going to happen across america. stuart: so they're going to come here with a bricks and mortar store operation and compete on price. before you leave us, i've got to ask you, you were over in europe at the time of terror in london. are you telling me that the terror attacks had an impact on stores, store sales in central cities? >> big impacts, and harrod's, the machine guns in cham champs-elyse champs-elysees, and paris has security, and terrorism under control. the shoppers feel confident. shoppers do not feel confident in the u.k. stuart: they don't? >> because the u.k., u.k. to combat terrorism, theyombat it with billy clubs and the french combat it with ma

especially as the secular head winds are aldi opening up, walmart a fierce competitor, amazon is deeperrocery business what makes you think the notion of the price competition eases for kroger >> yeah. in the near term, the industry is challenged and opening up a number of locations, and amazon's in the category, and walmart is making price investments. i don't disagree the environment is challenging the management team here is making the necessary price investments to further competitive positioning, and i think that's what you saw today in the guidance reduction. near term, problems persist, but longer term, this leads to market share gain, and the one positive that came from the report is you saw id sales turn positive later in q1, and they had positive comp trends start the quarter. >> right things pick up later on in the quarter, quarter to date, according to management. gross margins was an area of disappointment how do you expect them to go especially as the ceo said in the conference call, they pledge not to lose to the competition effectively, matching price drops drops, right

it's not just the likes of aldi coming in in materials of a low end grocer rival, but you have, of courseazon really entering the market, and, therefore, walmart fighting back in the area as well. it does feel a bit like european foods years ago. you can't see the light yet, but perhaps they'll get it right ticking back into the next quarter. >> cheapness there is undercutting the restaurant space too. no winners but the consumer in this environment now, we have a news alert from the white house. what's happening there >> reporter: news crossing the wires from reuters on the president's plan on cuba we know the president's going to mize tomorrow to make an announcement about cuba policy while he's in town what reuters is reporting now that the president's planning on making changes to the travel arrangements that were set up under president obama. the president, they say, plans to tighten rules on americans traveling to cuba and restrict u.s. business dealings with cuban enterprises that are tied to the military. that, they say, is according to a u.s. official who has seen a draft preside

. -- aldi's supermarket. across from this there is an extremely busy dog park. they just wheeled out a stretcher from the parking lot of the ymca down toward the basketball court area, which i cannot sleep. -- which i cannot eat. it is lower than the actual road. they rolled out a stretcher about. the area is tightly cordoned off , and at this point, things appear relatively calm. autria: that is good to hear. of deleve, this area ray, very residential. i used to live right there, would run past the ballpark. we are seeing some of committee on twitter. we also se will it holds in the glass of the ymca building. are you anywhere in that vicinity? away, i am about 250 feet but they're so many and moses, fire trucks, police cars, i cannot see the windows. if you are looking at the same area i am looking at, the front corner, that is the area where they have their main exercise during the time of the morning and how many people exercise during the early morning hours, i am curious to see if anything was going on there because they have all of their ellipticals machi

the whole business, paradigm, which has been crowded by the fact that the dollar stores have it and aldilytle, the two german companies that moved in, trader joe's. what does kroger do, that conference call from kroger yesterday, it was depressing it was like night mother tough show to watch. i think that this made it so it's night mother 2. >> even after the bloodletting yesterday, it's down 6% now. walmart's down 2%. amazon down 1.5%. >> well, you know, amazon, see what kind of money they're playing with but they have a -- whole foods was down a couple of bucks off of kroger. congratulations to them. i struggle to figure out what the whole industry is going to look like. is everyone a department store waiting to be eaten alive? bezos has incredible scale i want to watch costco because they're the company that's able to have food for low prices because they make it up with the -- >> with the membership, sure. >> what kind of day, this is supposed to be a summer day, going to the beach i'm canceling the beach. that's it. the hamptons, forget them. this is the hamptons -- forget amaganset

positioned trader joe's is a lot better than whole foods and by the way, a lot cheaper and it is owned by aldi i think that amazon will clean up the price and value issue very quickly at whole foods, quick. jonathan: stick with us. i want to cross over to our bloomberg amazon reporter, spencer. we are talking about whole foods. year to date and some of the rivals have been hammered. talk to me about the market story and the opportunity that got jeff bezos excited. spencer: amazon has been working on grocery for about a decade now starting with its grocery delivery service amazon fresh that it launched in seattle. it is slowly expanding around the country to a couple dozen grocery just but does not have the online penetration of other categories like books, electronics. it is still languishing in the low single digits in terms of penetration. most people still go to the stores and that is what this is all about. if amazon wants to be serious about grocery, it needs stores. people want to go to the store, see the produce and that steaks, and cap the watermelons. watermelons. with whole foods, th

aldy and lidle, german companies going to build stores and sell creep groceries, do you think that'sat to the wal-marts of the world in america? what do you say, scott? >> maybe not in the beginning, stuart, but what i can say is this, having been here now a while, the landed gentry and who you would hang around with here, they are slowly, but surely sneaking into those places under darkness because they like the stores better. they've gotten a lot of play here with the upper crust going to those places and kind of solidifying the market entrance. they could be a force to be dealt with down the road. once people get familiar with them, they're here to stay. stuart: the germans are coming, the germans are coming. they've thrown that at me all these years, the british are coming. by the way, the losses in ap and microsoft count for a whole lot. and by way, microsoft announced a new xbox x-one console, $499 $100 more than the sony. and there's a downgrade to apple and they're concerned that the iphone 8 the enthusiasm around it is built into the price of the stock ap it's down 4%. 143 o

the biggest grocer to get hit is low-priced german player, aldi alex partners estimates a $4.4 to $4.9 to its annual sales kroger will see a sales loss of $3.6 to $3.9 billion and sears-owned kmart will see a hit of $1.9 billion. some other disposable income will get diverted to pay for food, so there are ripple effects beyond retail. >> the retailer have definitely had a tough time but $70 billion is a lot of money. i don't dispute that over ten years. but it's a little bit of a relief that it actually isn't that much. u.s. retail sales in just one month, $473 billion, in a month. so $70 billion spread over ten years doesn't sound -- like, walmart, $12.7 billion over ten years. they did $485 billion last year, right? so the percentages are pretty small. >> that's excellent context. i think the one thing that some are a little worried about is what if we go into an inflationary environment what if gas prices go higher and then there are other hits. what if health care costs go up. and those are some other compounding worries to the situation, but the context is important. >> the intere