we look at autozone and advanced auto parts. autozone talked about higher costs for labor. after the quarterly numbers down 9 1/2% for autozone. that is laggard for s&p 500. look at rest of retailers, tj maxx, parent, tjx. up 3.3%. kohl's despite a beat. all of them are to the downside. nordstrom, jcpenney, and jcpenney has a story in its own, ceo marvin ellison is leaving. he is going over to loews. stock is down 6%. a quick piece of news right out of the new york stock exchange. a new president entering the helm there. that is stacy cunningham. she is the first female president of the new york stock exchange. 226 years. she is the -- 67th president. she will take over friday. she started a long time ago in 1994 down here. david: good for her. nicole, thank you very much. melissa. melissa: president trump saying he is not satisfied with recent trade talks between the u.s. and china. the president is responding to conflicting reports of a deal to lift sanctions on the chinese telecom company zte. he wardlaw recognize is following back and forth from washington. where do we

. >>> autozone said unseasonably ld weather caused sales to lose momentum resulting in an overall revenue miss. the auto partsai rr topped earnings expectations but it also warned that higher employew wageld cause costs to rise this year and those latter comments sent shares lower by 9% to .02. >> meanwhile, rival advanced auto parts grew profits but a decline in same store sales caused revenue to come up a bit short. sales skidded at $115.33. >> telecom services provider dicom said a decline in revenues caused earnings to fall and miss street targets. the company said the results prompted it to cut its profit and sales gdance for the full fiscal 2019. shares of the company were down 20% as a result of that news today. >>> and higher customer spending helped cracker barrel deliv an all around solid quarter. the restaurant chain also said that it was hiking its dividend by 4% to $1.25 and added tha it continues to expectto same sre sales growth of between 1 and 2% this year. you've got to love their turnip greens. my favorite. shares up a fraction to 157.42 dsz. >>> a new vaccine is being

crushed after they reported last two weeks they continue to come back quickly, children's place, and autozoneike those two. more value seekers in consumer staple space, i like the higher value names, monster and consta consolation -- constillin constn brands, this morning. we have 64 thousand jobs, thine in construction. and 11,000 in mining, 14 thousand in manufacturing. last year it was 37,000, in 2006 it was 5,000, those numbers could look better, today's beige book under scoring amazing difficulty in finding workers in this historic jobs boone. highlighting difficulty, filling positions for carpenter, machinist, truck drivers, i-t professionals, construction workers, there was a job fair in eastern minnesota, sold out, 1500 employers had 1700 job openings. we're talking about employers looking at collecting and trade schools, they want to build a talent pipeline, you know how to invest in this area. trucks and rails, trucks and rails. by the way two key players jb hunt crushing it and csx a new 52-week high. check it out, wstreet .com. will they craft a perfect framework to denuclearize n

better sales, higher sales at retailer autozone.cks at 667. >>> i do want to get to venezuela. the monly inflation rate reached a new high. let me explain this, every 17 days, prices double in venezuela. now that's inflation. over the weekend president maduro he won an election which received global condemnation. president trump signed an executive order barring purchase of venezuelan debt. but he did not bar the purchase of oil. joining us vanessa neumann, author of "blood profits." thank you for being on the program. >> thank you. always a pleasure to be on with you guys. stuart: why did the president not embragger go venezuela oil? >> it is not necessary. production is nosediving. they can't pay creditors and supplies. they can't play employees stealing bits of infrastructure to sell it. employees have been leaving. if the u.s. sanctions the oil industry, then the humanitarian problem will be pegged to them. they will be like, oh, this humanitarian crisis is caused by the americans. that will be the message, right? stuart: okay.

autozone shares were higher earlier after numbers beat estimates but it looks like it's sales maybe weighing on the shares and toll brothers missing across the board saying it's experiencing higher costs for things like material, labor and land. weighing on other homebuilders as well. another sign of easing trade tensions between washington and beijing, china is cutting imports on cars from 25% 15%. auto stocks rallying around the world. automakers set to benefit the most from this reduction in import --? >> it will probably be the makers of the high-end premium car manufacturers like porsche, , ther, land rover manufacturers the don't have a large production facility in place in china and therefore rely more on importing into the market. ironyis there a certain given that the eu and in particular german automakers have been in president trump's firing line and here we are, german automakers set to benefit the most as you say from this import duties. will that rile the president? that is a very good point. the whole issue of trade barriers and disputes, there's a fair amount of uncertainty w

but kohl's up big, then slaughtered, autozone crushed.ames red rob u robin afte close, are they priced for perfection, should we glean something deeper with what is happening? >> i think when you look at retailers, you have to be very picky and choosy, sector moved up nicely off of a 4th quarter that was really solid first quarter numbers seem to be okay. but retail numbers coming out of q1, for the economy, were a little bit weaker. that is picking up in q2, this is a stock picture's trade, tough with amazon overhang. charles: everyone is saying weather, weather. a lot of times that is an excuse. >> the sam excuse for 10 years. >> we're not huge fans of retail sector. we think consumer dis craig -- dis craignar -- discretionary se better. >> interesting we pay up for an rv but not toilet paper and soup, thank you very much. >> major london hospital looking to revolutionize healthcare spice with articial intelligence. are you ready for a robot to take over for your doctor? we discuss that next. i could feel the barb wire was just digging

. >>> and how about shares of autozone they closed lower by more than 9% after the company raised concernscosts in the earnings call today. other auto retailers also closing down in sympathy you can see there, everyone from o'reilly to advanced auto parts, down more than 3%. is this a buy the dip moment joining us now to discuss that, our fast money trader, tim and karen, and welcome to you both >> hi. >> karen, the names were all over the place they were part of the amazon -- death by amazon trade, fought back a little, but what do you think about today? >> well, i think it was actually pretty overdone today. i mean, a couple weeks ago o'reilly reported, trading up, and today, they reported, just say ap reported, numbers are not that at all. call goes on, the stock traded off, and then auto zone traded off as well, and i -- i always find it interesting when stocks trade down in integers it's absolutely puking them out, no matter what, they just want out. we all know there's an amazon problem here, but to me, it reminds me of when the amazon story just suggested retailers, but they came ba

nothing to do with china, but rather autozone making comments they are facing pressure due to higher to concerns in the second half of the year and concerns of inflation and the rising costs in various ways. numbers have reported an unexpected drop for first-quarter comparable sales. autozone overall was a net beat before making the comment about costs in the second half of the year, they rose. theyn is on the rise after announced a buyback. analysts are very positive on the stock. margo -- marvell and nxp also on the rise. helpingmestic is not you either. toll brothers out with numbers that missed estimates. they are talking about a rise in cost for labor, material, land, and those shares are trading lower along with the rest of the homebuilders today. a lot of pain in various sectors today. scarlet: good roundup. thank you so much. let's get you to first word news with mark crumpton. president trump suggested today a planned historic meeting with north korean leader kim jong-il could be delayed cash kim jong-un could be delayed. -- kim jong-un could be delayed. mr. president raise