it's walmart that is rolling prices back for all stocks when it should be contained by the bentonville giant. listen to what u.s. companies are saying, we are doing better than you think, particularly after today's trashing. walmart did have its worst day in wall street after 15 years. profits will be down 15 to 16%, is today's drop a red flag? we sit down with the ceo, and we will talk about the new champion operating in the banking business. and the company will continue to churn out deals, will it point to the strength of the consumer? why don't you stick with cramer. >>> do we have a new winner in champion in the banking business? has the worst player in the space, suddenly gone to first? i am talking about the incredible showing from nonother than bank of america. in a quarterly report that smacked of what was normal. meaning all the one-time hits and worries, well, you know what? they finally seemed to be behind them. what is left is a growth machine that is no longer depending on the fed raising interest rates to generate a big earnings boost. for bank of america, the chicago cu

up with "hurricane from the heavens," and most recently, "calamity in carolina: the battles of bentonville." greenwalt started out as an intern. he has since joined the park service, has done a wonderful job with george washington's birthplace, where he was an interpreter for several years, but most recently, he has decided to go into alligator land and has bowed down at the everglades, where he has been for just a month or so. he is taking time to talk to us about a subject that eric introduced us to just moments ago, the the foundational document of the lost cause. phill is going to talk to us about where that goes and how that legacy remains with us today. ladies and gentlemen, phill greenwalt. [applause] phillip: good morning. >> good morning. phillip: the good thing about the lost cause or remembering southern confederate history is that has not been in the public eye at all for the last few weeks, months. [laughter] i think i had to turn off my own social media account because i had to rewrite my introduction and conclusion 15, 20 times -- since yesterday. [laughter] but no, for me,

prices back for all stocks when it should be contained by the bentonville giant. listen to what u.s. companies are saying, we are doing better than you think, particularly after today's trashing. walmart did have its worst day in wall street after 15 years. profits will be down 15 to 16%, is today's drop a red flag? we sit down with the ceo, and we will talk about the new champion operating in the banking business. and the company will continue to churn out deals, will it point why don't you stick with cramer. what's going on? toaster's broken. which means no eggo waffles. what's that sound? did you leave your hairdryer running? no. something smells delicious. how could something smell delicious when the toaster's broken? i smell sausage, egg, cheese and... eggo? l'eggo my eggo breakfast sandwich. the eggo breakfast sandwich. but the toaster's broken. it's sweet, it's savory, it's in your microwave. l'eggo my eggo breakfast sandwich. americans. 83% try... ...to eat healthy. yet up to 90% fall short in getting... ...key nutrients from food alone. let's do more. add

walmart is laying off workers in bentonville, arkansas. the cuts have long been speculated upon. weeks ago, walmart's profits declined. the largest cuts at headquarters since 2009. staying on jobs, we want to bring in julie hyman with a look at how markets are reacting. initially a negative reaction, risk-off. julie: it's been an incredible day. initially the number looked bad enough. it sparked concerns about global growth. now we seem to have her treated from the same playbook that we have seen over the past year or so. retreated from the same playbook that we have seen over the past year or so. whether are not that is a good thing for stocks and any fundamental way, that is debatable. that we haveay seen stocks react to this sort of thing. take a look at my bloomberg terminal for the sectors and how they are performing. we are seeing energy and materials as the best-performing groups today. financials remain the big lagger despite the rest of the market recovering. financials have not. rices tracking with the s&p 500 you have oil in yellow, the s&p in white, and essentially th

>> this guy, i looked him in the eye, he worked for the bentonville public school for five years, did fbi background checks, did safe home studies. three for international adoptions. there's no way we could've known that he was a bad guy or a pedophile. >> reporter: still, the harrises launch into damage control mode, anxious to show that the girls weren't the only victims. >> we were failed by dhs. when dhs fails adoptive parents, they fail the children even more. >> reporter: he uses the state house as his backdrop, but his 11-minute press conference focuses mostly on the system and how it failed the harrises. justin offers few apologies. and outrages a nation. justin shutters his twitter account. but, online, people are slamming uglier. >> you are a monster yourself. >> a disturbing story from a >> reporter: that can't be easy for you. >> it's not easy. my three boys know the truth and what else can you do? >> reporter: you can understand, though. it sounds from the moment you met this biological mother in a parking lot to the point where you get first one daughter, "she's too much

is his job at risk, even with all the bentonville love?ership at walmart at risk of going out the door? bob: i think it is a great question because today like never before, look at the activists involved. it is no longer the ability, if you go all the way back to some of these dynasties, where it has been father, son, grandson, i think today everybody is much more vulnerable to the market. tom: to the moment by moment. bob: if you look at where -- and what nelson just did with ge -- trojan horse, maybe. friend, i do not need to be on the board, just give me access. if you look at the 81 page document that was released, a lot of those have a ge template maybe without the logo. an: guy johnson, there was 81-page document with the actual trojan horse. jump in here. guy: you said ceo's have to pivot and decide what kind of quarterback they want to be that day. talk about the consumer. when the consumer lives of the world in front of them and is trying to figure out how he or she should act, are they frozen in stasis because they are confused a

bentonville enjoys higher wages. a failed strategy against amazon.vigilantes tell janet yellen to look well into 2016. the yen is stronger. the dominoes are following. big domino may be the united states economy. good morning, everybody. this is "bloomberg surveillance" from london. i think it is the world headquarters. don't let everyone know. with me is francine lacqua. francine: we are watching bond yields. tom: i was watching aberdeen. aberdeen. francine: we are talking a lot about yields. we are talking about the ecb and stimulus. she doesurgeon says not rule out another referendum on the independence of scotland. when david cameron has no opposition, it seems like risky business. tom: i'm reading about queen and of 17 -- anne of 1703. francine: perfect. tom: nicola sturgeon. we need to go to vonnie quinn in new york. she has the first word on news. vonnie: thank you so much. president obama is saying that troops will stay in afghanistan past 2016. a white house announcement is planned today. afghan troops and police are having trouble controlli

that is located in bentonville, arkansas.s cost-cutting program that we can presume walmart has been undertaking to make sure to get the profitability to a sustainable place for the future. sara? >> on a related note, back to the news of the morning. the september jobs report. with more on the disappointing number, let's bring in steve liesman. the question is what drove the weakness and what does the fed do about it. >> we'll look at that in a second, sara. good question. it's a weak report and it takes off the table the chance for a october rate hike, and that could be pushed into next year. here's the thing. nearly every piece of the september payroll report missed expectations and disappointing the market. nonfarm payrolls, up 142. looking for 200. august july revisions, downward. looking for up. average hourly wages unchanged. the unemployment rate did come down for the wrong reasons p 350,000 left the work force. you had a decline in the separate household employment report. there was also a decline in the unemployed. l