our autozone rewards program is simple.wenty dollar reward. well look at that. you got a twenty dollar reward. i needed it. oh yeah? yeah. ooff. that's uh... awesome?! yeah! let's get you what you need. ♪get in the zone. autozone.♪ >> mike: 68 laps to go. green next time by. here is our goodyear aerial coverage. everything good year learns making tires for the grueling demands of nascar inspires what rolls into yours. goodyear, official tire of nascar. 68 laps to go. and larry, looks like they're a little short. >> larry: they pitted with 70 to go. they'll go back racing with 67 to go. we're hearing crew chiefs telling the drivers, anywhere from three to five laps short. save if you can. >> darrell: two of the best restarts we have seen all night long. 78 and 18 on the front row. ought to be a drag race into turn one. >> mike: kurt busch outside. martin truex jr. inside. >> jeff: look at off. >> darrell: jeff, all night long they've had the best restarts. >> jeff: oh, truex got him. >> darrell: bye-bye. >> mike: nice job by

autozone down 10%. >> a big drop, really big drop for them.t know what's going on there, but something maybe more than a tax refund. >> i think so. >> i think so too. >> thank you. >> you got it. >> out with a 41 point gain on the dow industrial average. coming up second hour of "closing bell," see you tonight on the "nightly business report" on pbs. this is the second hour of closing bell with kelly evans and company. see you tomorrow, kell. ♪ thank you, dr. bill, welcome to closing bell, everyone. i'm kelly evans, another rally today here on wall street. dow headed 43 points on the bell, on top of yesterday's gain, about two tenths of 1% there, same for the s&p up 4.5% today, russell up decently, outpacing others a little bit to 1380, but nasdaq, interestingly, so strong this year, lagging this year. the reasons are all over the place. pharmaceuticals, the worst performers, and even tractor supply weighing on the index. o'reilly, as we told you about. the decliners with dollar tree. getting more into what's happening there. also, the chip st

they keep hitting these guys down, the retailers, autozone has been in the blast zone. maybe you can turn around the group. we got to see what's happened with autozone's accelerated buy back, they is should be buying back every share. there's a company called red robin gourmet. i'm curious about a broader turn in dining out, versus the stay at home economy that we're always raving about. now it's been up for all the burger chains, mcdonald's, wendy's, burger king. wednesday we're going to play our new favorite became around here which is is retail strong or weak? when we get numbers from lowe's, big box hard ware, tiffany's, diamonds are your best friend. i expect all three of these companies to report strong numbers, lows because home depot reported a fantastic number. tiffany's because they're known as a head wind and their sales have been robust as of late. and europe is going to save pbh's numbers. you're not going to get good numbers from the domestic. thursday the changesimost chall day of next week, in the morning, best buy reports and that tells us how it's doin

autozone. ♪ i miss you babe. i wish you were here. ♪ ♪ ♪ ♪ ♪ ♪ tango!/i> best pizza. new york style. no way! chicago deep dish. neapolitan. nah, white pie. half veggies, half meat. (girlfriend: laughs.) just cheese. no, pepperoni. extra crunchy. chewy. has to be gluten-free. top it with arugula. no, basil. eggplant. dude, really? that's not pizza, c'mon. pizza. and a coke. you've got that right. two cokes, please. my pizza goes best with a coke. an ice-cold coke. only with a coke. (dog) mmm. this new beneful grain free is so healthy... oh! farm-raised chicken! that's good chicken. hm!? here come the accents. blueberries and pumpkin. wow. and spinach! that was my favorite bite so far. (avo) new beneful grain free. out with the grain, in with the farm-raised chicken. healthful. flavorful. beneful. >>> the coca-cola 600 on fox is sponsored by nationwide. nationwide is on your side. >> mike: 33 laps to go in stage three of this unique four-stage nascar cup race. 600 miles with martin truex jr. leading jimmie johnson by 1.5 seconds. oh, what might have been

autozone slumping after the numbers missed estimates.ls also falling sharply after its new ceo basically cleaned house in the executive suite. there was an earlier round because of scrutiny of its sales practices. wells fargo downgrading the stock on valuation p.m. morgan analyst day not necessarily the positive catalyst it hoped for. if you have chrysler, we have watched that stock after the justice department sued that company claiming they were outfitted with illegal soft -- software that'll -- that was admissionspass tests. >> president trump's first -- thecutting funding university of chicago this offessor -- chairman president obama's council of economic advisers, spoke to bloomberg earlier today and said the budget has "savagery to it. interesting it was the budget director said we are trying to redefine what compassion means. i think i agree with that in the sense that this budget has a certain savagery under the old it now seems mostly geared around how can you cut people's taxes. person who would have hated the budget the most

look i think autozone is a play on a tough winner. need a lot of stuff for your car, because the axle is broke. everybody's axle breaks on interstate 78. that was just like, that had to be one of the great, great things for the autozone industry was our ininfrastructure. >> the budget has it 210 billion over ten years. we talked saudi yesterday, sent blackstone stock up yesterday. >> up $2, big move. >> saudis throwing a lot of money around $45 billion we think to the vision fund run by softbank which had its first close at $93 billion, which will be abactive participant in our place focused on companies like internet of things. >> did you see the internet of things notes today on dish? >> i did. >> they did it again, david. this time it said they wouldn't be an odd couple. this is a citi note. sfwlts >> it's a think piece. >> what does that mean? >> it's not as though they're getting messaging from either companies. the team at citi that follows telecom put out an interesting piece, worth a read about basically you're going to have t

autozone, that stock falling. the company reporting disappointing sales. reason is, they say there's been a delay in tax returns, tax refunds i should say that hurts business. seems like an excuse to me. that's $50 a share and it's just know the delaying tax refunds. and cracker barrel making more money than expected. sales down, and the stock is down 5%. dsw, another retailer struggling to keep up with e-commerce, the sales falling inhe fst quarter. taking it on the chin. dsw down 5%. how about toll brothers. it's a home builder that reports strong profits, cites higher demand for quote, affordable luxury homes. and get around that one, okay? 38 bucks a share, 2% higher. viacom is in advanced talks to create a sport three tv bundle costing $20 or less per month. the news comes as more cable companies look to cut high cost sports channels like espn. what do you say about that? >> i think that the way that people consume content is changing due to technology. the way we get our shoes and view television is looking at the need for companies to make accusatio

. >> goldman sachs upgraded autozone saying it's overdone, amazon is moving into autoparts.e? they didn't do anything and people were scared. one of the things about ulta, someone asked about amazon. guys, listen to me. i no he that perfume, i know you can get a lot of this stuff that they sell on ulta, estee lauder but you cannot wash people's hair. amazon and jeff bezos cannot watch people's hair. i don't care how many plants they're -- are you listening to me? they're not blowing out hair. that's 9% comps, mary dillon, in the front of the store 14%. coloring hair, bezos never, never. >> it's not something he has to worry about. >> he's in and out. >> yes. that's true. he has the same challenges. >> keeping it nice and neat. >> just telling you. >> very tight. >> one of the areas like pat i don't think you'll get a pad in a big krcrate, big corrugated. >> ge at 27.20 is close to nearly a two-year low. >> ge and industrial, a leading industrial, david, it's a leading industrial. david? >> yes, sir. >> ge is a leading industrial. >> it is a leading industrial and still is, l

the ceo of autozone saying our sales performance for the first five weeks of our quarter is below expectationschallenged by the timing delays in irs tax refunds. some rivals, advance auto parts and o'reilly also trading lower. the company coming out with numbers that beast estimates, -- that the estimates, jeffries saying the company shut the lights out in terms of these numbers. some of the other companies that makes it different testing components, dan and her -- danaher up as well. a check on the dollar index, it had been lower today but it is turning up slightly today. steady losing streak for the dollar over the last weeks, losing more than 2% in that time. left -- left on the two-state equity session, looking beyond manchester overnight and looking in the strong day today in germany, it has proven there is a resilience in equities in the midst of terror attacks. the stoxx 600 is up by one quarter -- by .25. let's not forget 22 people have died in that suicide attack at the pop concert packed with children in manchester, 59 injured. this is a two day chart of the pound versus the dollar.

autozone. [ laughter ] you ready? [ laughter ] yeah.> jimmy: umbrella. >> steve: yeah, boom! ♪ [ cheers and applause ] dang! gee! >> jimmy: unbelievable. >> steve: hoy! >> jimmy: that was unbelievable! look, we're alright! >> steve: oh, my gosh. >> jimmy: that's fantastic. >> steve: kyle? >> i knocked the table over. >> jimmy: all right. >> steve: jimmy? >> jimmy: oh, yes. thank you. >> the password is -- >> steve: kyle, you're up first. >> jimmy: mmm, mmm. >> steve: one word. >> one word, kyle to get to two. [ light laughter ] [ clears throat ] >> wha! [ laughter ] [ cheers and applause ] >> jimmy: judges? judges? >> steve: he said, "k-waw." >> jimmy: yeah, he said, "k-waw." >> steve: k-w-a-w. >> jimmy: yeah, yeah, yeah, yeah, yeah. hyphen. >> what? [ laughter ] >> jimmy: yeah, yeah, yeah. [ clears throat ] [ bocks ] [ laughter ] >> tarik: chicken. >> steve: oh! [ audience ohs ] jimmy. >> close. >> jimmy: polly. >> parrot. >> jimmy: yes! ♪ [ cheers and applause ] >> steve: yes! >> jimmy: feels great! >> steve: oh, my gosh. >> jimmy: he

we have autozone getting smacked, bringing down its peers as well. significant. a 52-week high for autozone. a dual problem. you have used car prices down for the last six months. irs.are blaming they are blaming late tax returns for putting pressure on the last quarter. this really highlights the distinction of how you will trade the market when it comes to the fundamentals or the macro. and thepens relationship there. the question is highlighted when it comes to volatility. we know it is low. let's look at the distinction. to-day volatility is up about 12 or the nine-day volatility, three-month volatility, that is low down by about seven. the dotted white line shows the historic low. we have not seen this low in 10 years. that raises a question in the market. how do you have a market that is called for the longer-term but you still deal with the short-term volatility like we saw last wednesday? it does not feel it dispense know how to trade that yet. they ignored it for a reason. i love this quote. it influences how investors think, it has not matt

autozone one of those retailers, discretionary companies offer a 12%.rysler off by 4% after the department of justice sued it for cheating on an admissions test. let's bring up -- this up by 17% on the day. instead -- horse that is -- .esterday it was down chris stapleton video. that shows you how little i know about these video games. nevertheless, in the end it was a big day for take two. turnaround from yesterday's delay, lots of people wondering what's next. phones -- 10rnment year yield up to 1.3%, 10 year yield up to 2.29%. fairly low by recent history. articles -- there are concerns, they don't want to sign on. if in the debt is unsustainably high. julia: you can see this dragging -- the euro down as well just 2023the full strength -- higher. significantly lower than that now. concerned about the election. the one i want to point out is dollar around and focusing -- biggest movers of the day. the south african really party will discuss moving the of may.t -- to the 28th the states back to the summa zumaion on march 31 -- decision on march 31. rum

advanced auto parts, following on the heels of autozone yesterday, with comp sales down 2.7%.f big numbers to the downside. scarlet: more pain for the retail sector. the deadly terror attack at manchester arena highlights the challenge of keeping the public safe at large public venues. i sat down with arthur blank, owner of the atlanta falcons. our conversation begin with a precaution at the new mercedes-benz stadium he is building in atlanta. >> differs criteria is that the foundation is a secure and safe and individuals at any event feel safe and secure -- the first criteria. we have paid a lot of attention to that. nfland exceeded the baseline standards. we have had homeland security look at our plans. we have had a variety of security agencies across the country. f.e. will be providing everyday security for our stadium. having said all that, scarlet, with of the world as it changes today, terrorism changes, we need to be certain that we are looking at the reality of what we're facing everyday and making adjustments for the security standards and parameters we have in place

autozone, profit forecasts missed. if wego to the bloomberg can. as we look at these records, very interesting and perhaps counterintuitive this chart shows investors shying away from the spider of the etf. you see the april and may boxes. investors are leaving. this could be a confirmation of the events. taking it off the table as we get into uncharted waters. is something related to the budget that could affect the oil market. is proposing we selloff the emergency reserves and all the gasoline piled up after hurricane sandy. let's go to the video and look at the proposals. he is talking about selling off to 70 million barrels. could gain traction in congress. 50.6uld trim the budget by $15.6 billion. we have been talking about oil at a one-month high. opec is optimism about the cuts. let's take a look at the chart from the bloomberg inventory. these are charts of the iraq and iran output. buts pretty strong, starting to stabilize as we head toward the cut area. if you asked in for nine more forhs, that could bode well price stabilization. the und

about half a dozen of the executives who met with mnuchin this morning are heading to including autozonear general, and pet smart starting in about half an hour with representative patrick mchenry, chief deputy whip in the house and will meet with three members of the ways and means also in the house. now supporters of border adjustments say retailers are updating a broken tax code. the american made coalition which includes big manufacturers like boeing and dow chemical, they point to a poll that shows 62% of americans actually support border adjustment. now this debate has been heating up again because congress will be holding its first hearing on tax reform this week. i'm heading over to the hill after this and will keep you posted on what we learn. >> ylan, thank you very much, reporting from washington. >>> meantime the national association of manufacturers aimed at rebuilding america's infrastructure in order to head off what it sees as an imminent infrastructure crisis if we're not already in one. joining me now is the chairman and ceo of ingersoll rand, national association of ma

ten companies meeting with the treasury secretary today, that includes executives with jcpenney, autozoneder adjustment tax would increase the funds and that would increase cost for consumers. retailers are saying that households could pay $1700 more each year if this proposal goes through. they're also going to be arguing that the border adjustment tax could erode their profit margin. that's in a sector that pays one of the highest effective tax rates of any industry, 36%. they're also pointing out that they employ 42 million people and this would be a big blow to an important sector for job growth and economic growth. retailers, however, may be preaching to the choir on this point. treasury secretary mnuchin said he does not believe that the border adjustment tax will work in its current form and there is heavy opposition to this proposal in the senate, even among republicans. support of the border adjustment, however, they are not giving up. the american made coalition which includes manufacturers like ge, dow chemical, they're saying that a new poll shows 62% of americans actually sup

dozen executives here on capitol hill meeting with lawmakers right now, including executives from autozonert, and ikea. they just left a meeting, and i caught up with some ceos afterwards. >> i do have some concerns about the border adjustment tax. look forward to the continued debate and we'll see where that goes over the next several weeks and next several months. >> reporter: i'm told retailers meeting with treasury secretary mmunchin was constructive. supporters are not giving up on the border tax, arguing retailers are just defending an outdated and broken tax code and there's broad support for this, pointing to poll showing 6 it 2% of the voters approve of this. the house is scheduled to hold a hearing on tax reform, the first one in a series of hearings starting this week, so, guys, the debate is far from over. >> ylan, who do you think the key players are to watch now, aside from, you know, the of course, the senate piece of this, as well, in terms whether the border adjustment tax is going to happen? >> reporter: well, i think that one thing you're seeing is that it's not only los

you know, we had autozone and tiffany and all the other weak reports.oday we've got a raise in guidance from best buy, from pvh. and from williams sonoma. >> in your house, we'll do anything -- williams sonoma numbers i have to tell you this west -- they're on fire. they are now talking about the brick and mortar, i love -- brick and mortar is a source of value added services. a source of inspiration. they are going trying to be all digital. they increased a lot -- they have the stores. but they're opening up a flagship store, we're going to do that. we're going to go with credit cards blazing. >> to your point, you can do most of it online. you do have to put it together a little bit. but otherwise -- >> get ready for the term aggressive shopping because that's what you and i are doing at the end of the quarter. >> you talked to chirico last night? >> oh, my, double digit comps in europe, germany, so france. britain. we are talking about tommy hilfiger, calvin klein, starting to see some good numbers in china. heritage. this was something that was so c

the former ceo of office depot and autozone, also a cnbc contributor.white house ethics lawyer under president george w. bush from 2005 to 2007. he's professor of the minnesota law school. you're quoted in a "rolling stone" article -- i don't know whether it's an accurate quotation or not. you say we can mott tolerate this for the president to be firing people investigating him and his campaign and its collusion with the shrussians. it's a lot worse than watergate. explain. >> well, of course it's worse than watergate. watergate we didn't have a foreign power much less the russians conducting espionage inside the united states. that's what we had in 2016. so this is as if you took watergate and rolled it all into one this is a very dangerous situation where russia has been trying to destabilize our democracy since the 1920s. somebody was helping them inside the united states. there was some collusion. we don't know who it was, but this is an investigation which director comey was undertaken and then he's fired in the middle of the investigation when he'

advanced auto parts down 5% yesterday because it's colleague autozone and a missing estimates. -- endedown about 20%. that is rough. comm sales down and has lowered expectations. seen laying out right now in the market. are we seeing cracks below the surface in any assets? small caps might tell us yes. of $3.5 record here billion pulled from the etf. that is the biggest outflow we have seen in about 10 years. right after, we had just seen record inflows about a few weeks ago. favorestion is does that a market turn or is it investor specific? will we see more meaningful decline in the s&p? jonathan: that is one of many times alix has mentioned a drill. we're going to have to buy her a drill. to reflect on the charts, small cap on the u.s. economy, it was a. play on the administration -- was a pure play on the administration's agenda. is this a small cap equity --ket throwing it in throwing in the towel on the d.c. equity agenda? >> at the gift a look at value. we are value managers. we look for places where we see confidence, and we look for places where the markets are not showing confi