for "nightly business report," i'm diana olick in aldi, virginia. >>> coming up. getting away this summer. prepare for packed planes. >>> a rare look at what to watch tomorrow. a number of fed officiaak will be sg about economic conditions in the u.s. and abroad. we'll getnhe latest read how many people are applying for unemployment benefits with the release of the weekly jobless claims and a lookyt how m existing homes were recently sold. that is what we're watching for on thursday. >>> las vegas casino workers have overwhelmingly voted to strike. the workers are eligible to walk offft the job june 1st if aren't negotiations reached before they expire at the end of the month. there has not been a widespread strike in las vegas since 1984. >>> uber is now being valued at about 2 billion. this after the ride hailing company said the threees invrs are looking to buy stakes firm. the announcement comes as uber reports a 55% increase in gross bookings from a year earlier. excluding one-time gains, uber cut i losses in half from a year ago. >>> if you are planning to f

come amid much greater competition, whether it is from retailers like prime mark in fashion, orfrom aldiwledge that it has been far too inward looking. it has not really taken proper stock of how consumers are changing. is it too old-fashioned? well, you can say it is an absolutely fantastic great british institution, but it needs to be very careful not to go out of fashion. that is why the ceo was talking about trying to reconnect with that site and younger family shopper, that they want the new value, the quality style and fashion, quality in food. quality style and fashion, quality infood. so, quality style and fashion, quality in food. so, no quality style and fashion, quality infood. so, no means quality style and fashion, quality in food. so, no means write it off, but it cannot afford to stand still. is it suffering from the wider decline in high street retail? that is definitely part of it. you look at some of the places that these stores are closing. they are not the healthiest high—street in britain. places like central manchester, all that street in london, those are big shopp

. >>> new details this morning at 6:36.aldy" word of new allegations againstn a high school con music teacher already facing sex assault charge. he turned himselfyear. in two t ago in connection to allegations he inappropriately touched a he milpitas staff member last year. now a student at the school claims she was assaulted last year as well. police rearrested him this week. he's now in custody on that charge. >>> 6:37 and happening today. -o the teenager accused of a deadla stabbing at sonoma state university is expected to appear in court. two weeks ago police arrested the 19-year-old. investigators say he stabbed a 26-year-old acquaintance. this was in a dorm. has witnesses told police it followed a loud altercation and brattin told them he was defending himself. so far he's not entered a plea.s >>> happeningau today two bay an football playerscu work to keepe studentst athletes safe. dennis brown and calhoun will ea join the congressmany to talk n about concussions. taking questions at ignacio bai valley high school. trying to offer suggestion and best practices for prevention.

they're bringing in aldi, bringing in more private label they're doing some smart things with shorteread times. the retail is dead story played itself out it's time to look at strong retailers with opportunities going forward. if whether that's target or lululemon, there are other retailers in heavy investment phase and will remain so like walmart. so it will be very much 2018, i think about the have and have-nots. >> just really quickly susquehanna upgraded missy's stock. is there one factor to look for for all these retailers? >> i think we heard from jcpenney that just blamed the weather and used it as an excuse will we see kohl's do the same today? i want to hear how these retailers are transitioning to mainne and managing rgs. >> stays cey, we have to leave t there. "squawk box" is next forgot me goggles. kayak. search one and done. my mom washes the dishes... ...before she puts them in the dishwasher. so what does the dishwasher do? new cascade platinum lets your dishwasher be the dish washer. three cleaning agents dissolve, lift and rinse away food the first time. new cascade p

the driver of the aldi suffered major injuries. >>> police in mount view arrested a man who allegedly jumped into a stranger's car and forced him to drive to a fast food restaurant. police say the suspect got into a car saturday morning in san jose and allegedly threatened to hurt the driver if he did not take into a kfc in mountain view. when they got there, the suspect tried to rob the driver, who got out of the car and ran away. the suspect chased after him but the police arrived and made an arrest. he is charged with kidnapping, making criminal threats and vehicle theft. >>> as the temperatures rise, so does the possibility for while fires. calfire has kicked off wildfire awareness week, urging residents to prepare your home for while fires season. officials say it is already busy. >> we are kicking off fire season here in california, or were anywhere -- or really anywhere around the western united states. >> calfire says so far this year there crews have responded to more than 900 while fires. right now, the air crews are getting ready to deploy. fire stations are bringing in mor

the sector >> i think we've seen size did not protect tesco against smaller players like lidl and aldii think what people have been missing is that one of the main messages is actually walmart retreating from the uk market to fight amazon in the u.s. and managing digital transition i think this is a key message. what i see through this merger is a key message that technology is impacting every sector and every company. >> absolutely. thank you very much for joining us on "street signs" today >>> coming up, exemptions extended president trump gives europe another month to try to broker a trade deal, but will it be enough stay with us crohn's disease. you're more than just a bathroom disease. you're a life of unpredictable symptoms. crohn's, you've tried to own us. but now it's our turn to take control with stelara® stelara® works differently for adults with moderately to severely active crohn's disease. studies showed relief and remission, with dosing every 8 weeks. stelara® may lower the ability of your immune system to fight infections and may increase your risk of infections and canc

they have gotten their stores together you look at the competitive environment and say lidl and aldiausing more problems for walmart, the space is getting more competitive on the positive side walmart is getting rid of its relationship with -- not rid of its relationship, but in the uk sainsbury is combining freeing them up to do other things like with india and flipkart or a potential healthcare deal. there's so much going on in retail, so many moving parts, it will be interesting to see the haves who they team up with in the long-term. >> i would like to wrap up on that point about walmart in india. a lot of reports saying flipkart is in high demand by amazon and walmart. reports seem to suggest that the regulation hurdles would be lower for walmart. it is a big deal if it goes through. even if it's a majority stake, it's three, four times the size of jet why could india be important if you're a walmart investor, why do you need to watch this closely? >> it's a massive market it's the next big frontier for retailers. now that the market has opened up, and it's easier for foreign co

. >> intersection aldi's a term i write about in the book and explain.ne of most important concepts in academia and i actually think it's a brilliant and important point. no the person who coined the term and it simply refers to the fact that people can be outsiders are minorities. you can be a hispanic woman with a different experience than maybe a caucasian woman, a asian man may have a very different experience than a straight asian female so and its inception what has happened and i try to explain this is that it's been used and exploited and spun out like everything else on social media and cable news. to me something that really never was intended. now it means exponential identity politics. so it's a bigger question but i will say i think the core insight is incredibly valuable. like everything else this is the problem with tribalism. it starts off as this is something and it becomes an instant tribal symbol. all lives matter. what could be wrong with that? that now stands for something to so with almost impossible to have a discussion because it'

aldie, iran has that it's not coming back to negotiate negotr seeing what happened to the jcpoa, but are there any circumstances under which iran would return to some kind of negotiating? at least conversation with europeans if not the united states have any of these issues? >> with the trump administration it's very difficult to imagine because, first of all, iran first said it will trigger this process in the deal in order to get the rest of the p5+1 to officially condemned the u.s. as a violator of the deal. the u.s. was violating the deal before but now it's include noncompliance with the agreement. that's a a huge political victy for iran. people underestimate this. for four decades use put iran on the international stage as, condemned it as violating international norms. for iran to be able to get the other five powers involved in this to condemn officially come to save u.s. is in noncompliance is a huge political victory. they will not let that go. so once that happens i think again the objective is to see if they can get an arrangement between the people of iran. i think the

taking because you think about some of the channels are where private label's biggest, whether it's aldier joe's, those aren't really measured by nielsen, rii, we know that private label is taking share within the channels we do measure and track and really what we're seeing is a bigger growth of smaller manufacturer brands and to the point that you guys made earlier, it's really these smaller brands where the consumers are shifting and think about rx bar, which is actually a personal favorite of mine kellogg bought it last year, they may have paid a little bit too much but if that brand continues to grow, people don't know it's kellogg. >> but they pay up, they wait too long, they pay really high prices, and as i said, they don't keep the founders on board for more than a transition they don't change the company culture. so, it's hard to imagine what comes next what do you see? is it going to be a fresh wave of aboctivists carveouts and spinoffs >> i'm as negative as you are. i'm just trying to find the light at the end of the tunnel here, perhaps, because most of my conversations with

you have got walmart and other retailers debt prattly worried about the arrival of the likes of aldi.hose markets are giving them a run for their money in terms of pricing pressure then we hard her about the amazon/whole foods deal last summer that put pressure on the retail environment. the retailers are pushing back on the suppliers it is a downward spiral. >> john, it is a very tough environment, as alexia points out. is there anything contrarian in you that says, too much is priced in? is there any reason to buy the stock? i'm looking at the multiple, it's trading at 11 times next year's earnings? >> for cam pels it is a wait and see story. it is more structural-- we haved companies in europe maintain gross margins despite private label and discoupers because we have seen more response to the consumer higher price innovation which offsets the outright pricing power even in the u.s. the smaller brands are taking value share but it is price premiums i think they have to embrace the consumer and being respondive to trend. and focusing one to one on the consumer, which is what millenn

pa rt their money goes, it is such a huge part of your industry and when you look at the likes of aldiarket? —— when you look at the likes of al deanne lidl. we have lowered the price of around 1000 products in the last few weeks and invested more on pricing on things like meat and poultry. part of the business philosophy is to do everything we can to help customers live lives better, partly through reducing the price of what we sell. so our suppliers getting paid less? we are taking the hit, making business more efficient and looking at reducing our costs and working with suppliers to reduce the cost and our supply chains. by making our business more efficient we can invest in lowering prices, which makes us more competitive. so suppliers will be paid more? suppliers continue to work with this and remain profitable. lots of our suppliers have fantastic relationships with sainsbury‘s right the way through the supply chain. we work incredibly well with suppliers, we cannot be successful unless our suppliers are. they benefit from people shopping with sainsbury‘s. there is the merger wit

you wake up on saturday morning you have to think, i'm going to aldi and lidl, i can buy anything i likewrong people, far too much on the cost side and not on the vision side. archie norman? i'm not sure what he's doing. you used to be fantastic at asda and save a lot of money but that was a cost reduction programme —— he used to fantastic. but why go and buy clothes? if you take underwear, you can have a minimal style from another shop like a japanese monk! 0r style from another shop like a japanese monk! or you can buy victoria's secret! we are getting the picture. but why go to marks & spencer? it is ok but that is not a good reason. it used to be a good reason because it was dependable and you knew what you were buying and it was good value. we were in a different country then. moving upper class hierarchy becoming middle—class was a big thing for your grandparents generation. that was important. marks was the end point and the aspiration. they got britain to be middle class. it is that important in our social history. now an awful lot of people in the middle are middle—class and the