costco has 4,000. so b.j.'s is in a much better position and can appeal to customers as more than just a warehouse store given its wider range of products. i hadn't thought about that when i went into this comparison. costco is considered the more upscale of the two has got the best crab legs, got fantastic birthday cakes, fantastic meats, good fish, it's also the place that it's chic to shop at. you'll see a lot more mercedes in the parking lot of costco than at b.j.'s. but costco has simply executed poorly this year. i expect improvement, but i can't wait for it when b.j.'s stock beckons. i want to make it really clear, i vastly prefer going to costco over going to a b.j.'s. i really prefer every one of my costcos, except one close to me, which i'm not going to mention. i don't want to hurt people's feelings. that just doesn't help when you compare the stocks. hey, we're comparing stocks, not stores. here's the deciding factors. this is because i love regional/national plays b.j.'s operates 180 warehouse club

costco is up 27%. s&p 500 is up 51%. costco has been doing awful in the last year. none of those are like the over at tjx. that's another reason why i decided that's not the right one. why wrou plays? because as the economy recoveries, companies that hit their customers with membership fees are more likely to keep those customers, you know, whereas, you know -- if they have more money and can afford to shop somewhere else. good or bad picture? can't tell. once you pay for the membership you're not going to not shop at their stores. how do we tell which one is better? in a steel cage death match, which one would come out on top? i think b.j.'s is the better of the two wholesale club stocks, and that means i'm putting b.j. in the running for the title discount king title. why? key metrics. that's how we measure the success of a company in given sectors. it's simply a superior company with a superior stock, though i wouldn't go so far to say it's got a superior attitude and superior state of mind to produce. a la steven seagal. how storms are doing now versus a from a

here costco has the edge. it beats b.j.'s. its average decreased by 4% in the most recent quarter, b.j.'s increased by 4%. that's a little scary, but the manager said it was due to increased of soft trends which it had noted it already began to reverse in early august, so costco doesn't wipe the floor

costco and bjs. bjs was coming on strong. thanks to stronger same-store sales, a wider selection of merchandise, more growth potential, and a cheaper stock. you cannot buy a stock just because you can craft a free lunch out of the costco food samples. by the way, that's the only other free lunch besides diversificati diversification. yesterday i said i liked the stock of big lots. who does that leave? the last consetender, ross stor, rost. this operates 939 ross dress for less stores and 51 discount stores. they have demonstrated really solid execution. same-store sales were up 3%. that is a big deal. most are down 7% to 12%. inventory is down an amazing 9%. so we will not have giveaway sales at ross stores. they won't need those big sales to move unwanted merchandise because they don't have any. and ross was also optimistic about the second half. that's different from tjx. they raised four-year guidance for very different -- very, very different from the dismal picture that i thought tjx management had on its conference call

and sams and costco just $48. walgreen's defends its pricing saying it offers neighborhood convenience and has a prescription savings club with many generics just $4 a month. but in survey after survey, sam's and costco come in with the lowest prices. as the baldwins learned, you don't have to be a member to use their pharmacy. my advice, call ahead. compare prices if you're not covered by insurance. don't assume all generics are cheap, and that way you don't waste your money. i'm john matarese. >>> and we've got some breaking news now out of california. take a look at this. this is a live picture. 32 people are stuck in what looks like the top of the roller coaster at the great american theme park in santa clara. fire crews are working to get everyone down safely. we'll stay on the of this and bring you any new developments as they occur. >> ooh, that's heart-stopping. >>> i'm marybeth marsden. here is what else is coming up new at 6. in just over an hour, a town hall on health care will start at towson universit

i think the costco people responded appropriately. somebody just wasn't thinking. but you've got to think that way in this market. >> chris, how many eyes do you think saw this and could have caught this? any idea. >> it's hard to know because ex buying structure. but i would say 10, 12 people probably saw it and what they saw was a cute doll that's probably doing well overseas and, you know, it just went right over their head. no excuse for it, but that does happen. >> let me get costco's statement in. i'll get boyce in. they say, costco's policy is when they receive complaints to pull products from store shelves immediately. we offer apologies to anyone offended by the product, that was surely never our intent." boyce, what are you seeing here, racism? lack of sensitivity? what are your thoughts? >> basically, i think in business school 101 you don't put out a black doll with the word "monkey" anywhere near that doll. and i think that's common sense. but then you can also dig a little deeper and realize that this company's not necessarily guilty of trying to be r

costco gives us a critical read on spending. scott cohn spoke exclusively to the ceo. >> yes, we'll show what costco is doing today, $1.5 to 49.59. year-to-date, still down about 5%. >>> you're watching "power lunch" on cnbc. first in business worldwide. he ran off with his secretary! she's 23 years old! - oh, come on. - enough! you get half and you get half. ( chirp ) team three, boathouse? ( chirp ) oh yeah-- his and hers. - ( crowd gasping ) - ( chirp ) van gogh? ( chirp ) even steven. - ( chirp ) mansion. - ( chirp ) good to go. ( grunts ) timber! ( chirp ) boss? what do we do with the shih-tzu? - ( crowd gasps ) - ( chirp ) joint custody. - phew! - announcer: get work done now. communicate in less than a second with nextel direct connect. only on the now network. , hard of hearing and an people with speech dischities accessac.sprintrelay.com. than a second with nextel direct connect. only on the now network. what's on the minds of independent investors? let's ask. when i trade, i want a straightforward price. they lure you

you mention costco. >> good news for gas this year is that it's cheaper than it was last year.ar it is $2.64. there are great websites out there that allow you to compare different filling stations. we really like fuel gauge report from aaa. it allows you to compare gas along state lines. in california, gas tends to be 2 cents a gallon more expensive than over the border in oregon. it is the same for philadelphia. and new jersey. really go on to the websites. many others, goodbuddy.com. >> you say gas is cheaper at truck stops? >> it is. it the not just for truckers. go in there and save some money. >> and can you get a good chili dog, too. >> a led feet is an inefficient way of maximizing mileage. >> do fuel companies have membership programs, too? >> shell saver card, this is a no-brainer. it costs you nothing to join. it saves you 2 cents per gallon. mobile, 15 cents. but the catch is the mobile credit card. >> there is a new feature for active families, sierra club. >> lots of these hiking places charge for trails. but sierra club has a new free facility, a kind of communit

costco was a 2 1/2 hour wait. they were surly at costco and begging for my business at sears. >> you are looking good and i don't think you will need to buy the pants at kohl's. >> i wish them all the luck in the world. look out because they are shooting the camels. they say you and i don't understand. about shooting mammals from airplanes? this is the code of ethics i don't get? >> the pictures are horrific. >> we are allowed to kill them because it's a nuisance. we are not allowed to kill mosquitos in the country. i would like them to swap stuff to kill mosquitos, but they are living things. they are allowed to do whatever they want. got love them. no back to school science. >> cash for camels. it's 82 to kill each camel apparently. if you collect 100 a camel, maybe you can save them. >> thank you. >> 6:00 and midnight. an unexpected winner from the cash for clunkers program. julia boorsten is here to explain. >> that's right, erin. automakers among the biggest advertisers and they have a put back and took a tol

so i know that about myself, that if i go into costco or i go into sam's, b.j.'lesale, that i'll buy things that on reflection, it's like, why? here's my rule and one you should think about if you tend to buy things you don't need, not just at warehouse clubs but anywhere else. i don't get a cart. i walk around and have to carry things in my arms. when my arms get heavy, i realize, hey, i didn't really need that and i put it back. saves me a ton. i'm clark howard. for more ways you can save a ton, go to cnn.com/clarkhoward. >> if you want clark to teach you to save more, spend less and avoid getting ripped off, watch him at hln noon eastern on saturdays and sundays. >>> britney spears was on david letterman with a list of things that would be different if she was president. i'm pretty sure this is change you cannot believe in. >> number nine! >> we would only invade some places like cabo. every presidential news conference would feature costume changes. challenge u.s. to put nightclubs on the moon by the next decade. >> the number one way the country would be dif

. >>> costco pulling dolls that some people find offensive from the store shelves. you are looking at a can you tell us baby doll that used to be sold in costco stores across the country. the problem was with the african american version of the doll. that doll is surrounded by monkey and wears a hat labeled lil monkey. now in the back of stores labeled do not sell ready to be shipped back to the vendor. >>> research into blindness. how gene therapy may be helping them after the break seem smooth and strong to irreversible damage. no different. irreversible loss of enamel. enamel shield enamel loss by forming against acid attack. toothpastes dentists check most. save your enamel. be gone for good. enamel shield. with the rinse. cash for clunkers is available at your chevy dealer. with more eligible models to choose from than anyone. if your clunker qualifies to be recycled, you can get a $3500 or $4500 government rebate. and just announced! if you qualify for the clunker rebate, you may also qualify for 0% apr for 72 months. that means you can buy a '09 cobalt for $1

costco says nationwide july sales declined 8%.ostco is also saying they are seeing consumers spend less on food and wine. looking for a buy on detergent, prepared to go for a drive. a cheaper version is being sold in southern states. powdered tied basic will cost to about 20% than the origil. that is your business news. live at bloomberg headquarters in new york, i am linda bell. doug and alison, back to you. >> thank you very much. 6:37. 71 degrees here in rosslyn. >> under this vast sea, it may be the key to a greener planet. we'llav details coming out. >> light rain across the region right now. it will come to a head. big swings in the temperature department. >> >>> welcome back. 6:40 a.m. seven degrees in bethesda. i have been checking the raider. -- 70 degrees in bethesda. mehtigiga sahr erfos the mostart. there is one storm between waldorf and la plata that is pushing off to the north and east. otherwise, light green colors indicate light showers. this rain will be coming and going and then tapering off later this afternoon.

they had only been on the shelf in a grons greensboro costco when john taylor complained to management. >> i couldn't leave it. seeing that, it brought everything back to me. they need to watch and see, you know, what they're putting out in the stores. >> costco agreed the dolls could potentially offend customers and they've pulled them from the store's shelves. >>> there's a good sign out today that inflation is keeping in check. the government says over the past year consumer prices fell just over 2%. that's the biggest drop in nearly 60 years and it's mostly due to a large dip in energy prices. last month the consumer price index remained flat after rising slightly in june. >>> now, if you're having trouble paying your mortgage, don't trust just anyone to help you out. hln money expert clark howard says some troubled homeowners are actually getting ripped off. >> we have a big percent of the american people who are upside down in their mortgages owing more on their homes than what they're worth. we also have a lot of people in that situation who have fallen behind on their mortgages

sure you can go to costco and get filet mignon for $10 a pound, oh my goodness, but it means navigating costco, when you can go to vonn's for two bucks more, and it's closer convenient and still a great price. >> stacy, what does this mean as an investor. as i approach the retail safe, should i be thinking that the consumer has fundamentally changed its behavior and that's going to affect how i invest in these stocks? >> yes. i would agree with that. i think that, again, the customer is trained. if you take, for example, the department stores, they have trained to us wait. why am i going to buy my fall clothes full price when i know a month from now they're going to be 50% off? so certainly we're not going to see the discounts we saw last year, because the inventories are more in line. but they have trained the consumer. so now we're certainly going to be waiting, and i think we need to think about investing, you have to think about the retailer that is can manage that. >> all right. >> surrender viflg vival of the. and i think price discounts on tax cuts, jane wells. >> all right. and

costco came down 7% because of the strong dollar.we are expecting to see overall the 11th straight monthly decline in retail sales. that is going to wrap it up for your global stock watch. >> still to come on "worldwide exchange," we will speak with the ceo of deutsche telekom in a few moments after the group confirmed its outlook.? we're shopping for car insurance, and our friends said we should start here. good friends -- we compare our progressive direct rates, apples to apples, against other top companies, to help you get the best price. how do you do that? with a touch of this button. can i try that? [ chuckles ] wow! good luck getting your remote back. it's all right -- i love this channel. shopping less and saving more. now, that's progressive. call or click today. you all want to run your businesses more efficiently, so we've brought in a team of experts to help. one suggestion is to make your shipping more efficient with priority mail flat rate boxes from the postal service. call or go online for a free supply and up to $160

costco is apologizing. the question everybody is asking, how does it make it through inspection and end up on store shelves? >>> as a music icon, bob dylan universally recognized. on the jersey shore last month not so much. cops were called about a quote/unquote an excentric looking man wandering in the rain. the man told police he was bob dylan checking out a house in the neighborhood. he didn't have an i.d. the rookie cop didn't buy it. until she drove him to a hotel. the tour manager showed up and the cop saw dylan's passport. give credit to bob dylan. no tantrum here. many other stars would have flipped out. dylan was like, those are my tour buses. the quote we have from the cop is, oh, woops. >> because he know, as soon as he found out -- i read she was 22. that was the reason she didn't know who he was. he's too iconic. you should know what bob dylan looks like even at 22. >> all he wants is a ride back to the neighborhood to keep looking at houses. >> great story. mike galanos for us tonight. >>> ton

we've seen the costco number, which is -- >> nothing special about them? we take these numbers very seriously, bob. >> well, nothing special. what i mean is, you know, this is not supposed to be a blockbuster number. we're just kind of still in the quagmire with the consumer. i think the jobless number continues to be a very important report to look at. i think obviously claims drop a little bit. claims give you the best end recession signal. two months after claims peak, typically we're in recovery period. that signal is still in full force. you take a look at what's going on in markets, and although stocks are up sharply, they're down very sharply from their highs and i disagree that people are anything like euphoric about the stock market. people are very unsure of what's going to happen. in fact, the president himself, even after that great minus gdp number. i don't know what the president is doing. he certainly isn't waving the pom poms in the white house. >> wait a second. you can it's his job to be a cheerleader or maybe to say what he thinks is rea

if i go into costco or sam's, i'll buy things that on reflection it's, like, why?here's my rule and one you should think about if you tend to buy things you don't need. not just the warehouse club but anywhere else. i don't get a cart. i walk around and have to carry things in my arms. my arms get heavy and i realize i didn't really need that. i put it back. it saves me a ton. i'm clark howard. for more ways to save a ton, go to cnn.com/clarkhoward. >>> police say no other case in boise history has touched so many people. now the idaho community is seeking justice for this little 8-year-old robert manwill. the latest in the case that turned on his mother and her live-in boyfriend. ddddddd >>> any moment now milwaukee mayor tom barrett is expected to make his first public comment after answering a grandmother's cries for help and being attacked. this is in his front yard. when he steps up, we'll take you there live. he suffered a shattered hand, broken teeth, cuts on his face. he was trying to fight off a little girl's father. that man is in custody and could

he worked at costco. >>> a maryland man is in serious condition after the plane he was co-piloting crashed in new jersey. the 42-year-old is from laurel. he was co-piloting a small plane early yesterday morning. investigators say the other pilot was trying to abort the landing. they are not sure why. they walked away from the crash. >>> metro rider beware. it's going to be a busy night. three sporting events are taking event at the same time. they all play during the 7:00 hour. a lot of extra riders on the blue, orange and green lines. they say they are ready for it. >> they are going to have extra trains ready after the sporting events. they will be available on the green line for the baseball game, orange for the soccer game and blue for the football game. >> passengers on the red line should add an extra half hour to their commute. no red line trains will pass through the ft. tauton station. watch the redskins first home game season against the steelers on nbc 4. we'll be live at fedex field with preand post game coverage. >>> it' te for your sports in a minute. nationals officially int

he has had interest from costco.not the dairy goats. nevertheless, they are pretty friendly. jane: if he it's your audio cable, you need the -- you eat him. >> he ate the audio cable. i cannot actually hear you. jane: [laughter] you'll never be able to eat goat meat again. thank you. jon: lawmakers are reaching out to the public for meetings on health care reform. they are getting an earful in return. >> free the bill. jon: is all this outrageous genuine, or is it concocted for show? people are speaking out on health care. the hecklers on our web page -- another great way to get fair and balanced tot's on health care. jon: here is what this "happening now." another senate republicans says he will vote for supreme court nominee sonia sotomayor. he is the ninth republican to come out in favor of her. you are looking at senator jeff sessions of alabama. the senate is debating the issue right now. these are live pictures from the senate floor. the vote should come in the next few hours. if confirmed, sonia sotomayor will

understand from neighbors is that the wife here is retired from the military, and her husband worked at costco in fredricks. they were planning to move out of the home before they were evict evicted. all the packing and moving stopped. >> it was around 8:00 last night when i thought something was not right. >> abigail called police after not seeing her neighbors for two days. >> i went over there to at the point them on tuesday of this week to help her pack, i packed her pantry and everything. >> reporter: but after the moving in and out and the packing of boxes cam to an abrupt stop. >> nothing, and the dogs came to the door barking. thursday, nothing yesterday all day. >> reporter: the home is the scene of an apparent murder sure side. they both appeared to have died of gunshot wounds. >> it's sad. everything haened. it brought them down once they took the house from them. >> reporter: abigail said they told her they refinanced the home, and then they were surprised the house had been sold and they had to get out. >> ty had half the house packed up and it was too much on her, too much stress

i think costco has won out there. they have 3% cash back. charge too much on your credit card. you want to keep those limits lower. if you have a limit of $5,000 on a card, stay well below it, it least $2,500. neil: thank you very much. when we come back, things getting frosty with frost. government programs that put this on steroids. . s... and feel better fast. . . ♪ viva ♪ viagra! viagra...america's most prescribed ed treatment... can help you enjoy a more satisfying sexual experience. to learn more, spend some quality time with viagra.com ask your doctor if your heart is healthy enough for sex. don't take viagra if you take nitrates for chest pain... as it may cause an unsafe drop in blood pressure. side effects may include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting... more than four hours. stop taking viagra and call your doctor right away... if you experience a sudden decrease in vision or hearing. now's the time. ask your doctor if viagra is ri

. >> yes, they were used during the costco oil spill.er 500 volunteers lined up the ocean beach and soaked them up withmadets ma of hair, donated by thousands of hair salons nationwide. and there is only one problem, the hair mat makers have disappeared. >> we would correct hair and we would go to needle punchers, and nonwoven textile makers to make mats. and then with the economic crisis, we started to see those places start to offshore their work. and we started to have more and more hair and less places to make the mats. >> reporter: but the hair donations keep oncoming by mail from all over the world. >> okay, so here is one from canada. >> yeah. london, england. >> reporter: now lisa is hoping they would donate some space to her nonprofit, a matter of trust. so she can get the hair out of here. >> we really hope that commercial real estate people that have extra space in san francisco, they are going to help out our charity and maybe donate some temporary warehouse space, that would be fantastic. >> hair, hair everywhere. and not a

. >> can you save by going with the families and going to costco? >> sure. the annual cost can be costly. split it with a family member or a neighbor and it will be cheaper. >> you can save $200 a month? >> that's right. >> buying things at the right time can save you money. i never thought of buying tires as seasonal. >> there is an off season for almost everything you buy. it makes sense if you buy the swimsuit now it will be cheaper and the winter coat in march, it will be cheaper. if you buy tires in july, that's the middle of the driving season and most people buy tires ahead, it's cheaper to buy in the summer. >> kitchen ware? >> in the spring or november are the time when is the stores are trying to clear out ahead of the wedding shopping season and holiday shopping season and may eafr discounts. >> linens. >> in january. you can save up to 40%. we are familiar with the white sales they have. the stores are trying to get you in after the holidays and they give you big discounts. >> what knew? you knew. college. my sister has a daughter going off to co

. >> but if you go to a target or a costco. >> costco, walmart.good deals there, too. >> tissue paper i think of that as going with wrapping paper i'm going to assume maybe in this case it is dollar store. >> nope. actually this was the only item that was not cheapest at the dollar store. it was the most expensive at the dollar store. it was ten cents a square foot. we found it for as little as two cents a scare foot at a walgreens. so i think that they're going to get you somewhere and they really are generally pretty good at gift items. you know, in party supplies. but this is one of those items where it was not cheapest at the dollar store. >> do you have to be careful when it comes to party items if you're at a dollar store? like kid's items? >> yes, party supplies. party favors. a lot of people like to buy those kinds of things there. they could be choking hazards there. we found many that had small parts. some of them were even labelled as choking hazards for children under three. we think they could be choking hazards for children twice tha

i think costco is a different ball game. i would be long. >> quickly, what are you seeing from the carts? lower? >> i'm different. as far as fast money, there is no fast money. a two-point range for about two months. i put it out as a short. i am looking more towards the low 40s. >> let's move on to technology and before. the stocks are moving in the aftermath of the 40 to 50% profit drop. the once red hot sector given up their role? we have the pit boss. pete is on the fast line. pety, great to have you. what are you taking a look at? i'm looking at the screen and i notice semiconductors are weak and those guys are weak. >> michelle or melissa, i think you have to look where they have come from. i'm talking about since the release and the explosive move to the upside followed by ex-as instruments and research in motion. apple. we saw nothing but strong moves and you look at the xlk. the move to the upside and you wanted that leadership. we looked for it and we got the leadership. they participated ahead and pulled back. >>

. >> i can't go to costco, but normally i go to other retail stores. >> i get so many compliments on my hair and working with my clients, i said wal-mart. they said no. you get the argument and it's wal-mart. $9. the bargain shopper. that's what they call me. >> she is not a wal-mart employee. i promise. they will stay there for the foreseeable future after earnings. b of a and wal-mart with strong gross margins. not cutting prices completely. shares are viewed as undervalued and reiterating a buy. citigroup as a hold and believes wal-mart's business will benefit from the challenging consumer environment due to the strong valued proposition. interesting about all that. wal-mart stock has been performing well. target stock is up like 22% and wal-mart is down like 8%. >> thank you very much. nordstrom strom too as we focus in on the retailers. fining a way to take the summer vacation. american ex-tress is one of the top travel trends. the one-year stayication. this is a nearication. that is better. good to have you with us. appreciate you taking the time. sounds like it's better than a

costco since those march lows up about 20% or so.the peers, but right now all the retail buyers as far as stocks are going towards the discounters with the idea that people want values. >> thanks so much. it's the last trading day in august and as we head into the hour of trading, the s&p 500 is down, but up around 5% on the month. now to give us an update of what we should be looking for is the managing director of jeffries and rosen black and white securities. thanks to both of you for joining us. what should we be looking for? >> we need to see a consumer getting back into the market. we see that with the more recent computer stocks and tech comes alive. you want financials and tech stocks to lead the rally and be sure it's sustainable. that being said, the market down today and up higher than down volume. we are having a good session not with standing. >> one trading day to make it all happen. what would you do? >> it's a good time to sit back and the volume happening in the top five names. we had a significant move off the lows

he worked at costco. they told friends that they were planning to pack up and move to colorado. kaiser, noted reporter with the prince william news and messenger. he interviewed the fays last week. he says they were very upset about leaving that house. >> they were distraught. they were getting their items together, packing boxes. you could really tell that the last thing they wanted to do was leave their home of more than 13 years. >> reporter: who had the gun? who pulled the trigger? police won't say until they have a chance to talk to relatives of the fays. i'm pat collins, news4, prince william county. >>> a serious charge tonight against a montgomery county police officer who has been indicted for giving false testimony against a dui suspect. that indictment stems from this incident in may of 2008. which was captured on surveillance video. a man was arrested and charged with dui in gaithersburg. last april, officer dean a hoffman told the court that the driver was behind the wheel when she arrived at the scene. the video shows that the driver was actuallyyi lng in the car's

costco? >> yeah, football season was over. i play football and i sail, so i decided to do the trip.ed to get the sponsorship first off and this didn't work out. i had some savings and i bought the inrep -- interpred, my boat and i worked out for months with a bunch of people and took off. >> why didn't you get the sponsorship? poor companies worried about sponsoring the death of a teenager? >> yeah. that's what the exact words red bull used. they said, we'd love to, but if you die that's bad on us. >> let's look at the route you travelled. how long did it take you to go well? you started in marina del rey here in california. you went to hawaii. and then to countries i don't even recognize. [ laughter ] then to that red dot there. and then -- i think the world has the measles here. then south africa and -- >> right there -- >> port-of-spain. how long did this take you? >> 13 months. >> 13 months. you missed school. you missed a whole bun ch of things, right? >> yeah. i was supposed to be home schooling on the boat. >> you were supposed to be schooled on the boat? what did you major i

my husband goes to costco and buys those ten packs of toothpaste even when we have toothpaste at homebe funny and joking to a real serious problem? >> right. it's a problem actually when you spend more money than you have so you're hurting yourself financially. or when your relationships are suffering. so people with spending disorders tend to be masking othesorts of problems, generally, anxiety, depression or some sort of anger. >> you're out shopping with your girlfriends, it's so common to say, those jns look great on you, sure, buy another pair. do we enable each other to continue with this kind of behavior? >> oh, absolutely, yeah. and i think it's normal for people to enjoy shopping. there's a lot that people get out of shopping. i think the difference is for most people, it's not a compulsion, it's not a substitute for a relationship. and it's -- and it's not masking some other problem. >> right. >> it's just an enjoyable thing to do. >> because as juju said in the piece, this is not really at its core about shopping at all, is it? >> exactly, it's not about shopping or about m

he worked at costco. they told friends they were planning to move to colorado. another reporter with the prince william countyhe news and messenr, he interviewed the faye last week. he says that they were very upset about leaving that house. >> they weren't distraught. they were getting their items together and packing boxes. you could really tell that the last thing they wanted to do was leave their home of more than 13 years. >> reporter: so who had the gun? who pulled the igger? the police won't say. not until they briefed the fays' relatives. >> pat collins. thank you, pat. >>> there's good news regarding the u.s. economy. news this home sales posted their biggest increase in ten years sent stocks surging on wall street. the dow gained 155 points. the nasdaq added 31 points. the s&p finished well above 1,000 with an 18-point gain. despite these good signs, some wonder whether the rebound will last. michelle franzen has our report. >> reporter: the biggest gain for existing home sales in a decade. resales for single family, town homes and condos soared 7.2% l

i own walmart and costco at this point and i think you can own select stocks but still be negative overall. this market has stayed irrational longer than i could have stayed sol vent. if it is a bear market rally, it's not about a climax of sellers. it's about the last marginal buyer getting in. once that's happened, then you see the drop-off. >> i know, but every time we think that the market should go lower, we woke this up morning thinking there was no reason why the market shouldn't continue the slide that we had yesterday. here i look up, the dow's up 90 points. >> it is totally irrational in my eyes. but given that, you've got to protect yourself. like i said, if you want to play, play with the revenue growth. don't be so fooled by the earnings. >> how far down are we going to have this correction that you think? are we talking 10%, probably most favored in terms of a number down here on floor? >> know, 10 percent, i think is a teddy bear correction. and given that, i think that that's a pretty safe number. i think it depends on how bad some of these numbers and some of the guidance

costco and target both saw sales fall. aeropastel reporting up 6%. t.j. sales up 4%. some of the only great arrows we saw for the month. cooler weather, weak job market all contributed to sluggish sales. first-time claims for job else benefits fell 550,000 last week, lower than economisted had anticipated. that comes one day ahead of the highly anticipated july jobs report. we'll bring you those details tomorrow. >>> make sure to read the fine print on yourredit card bill because banks are tacking on new fees. discover is new levying a 2% fee on purchases made outside the u.s. a new credit card law that curbs fees was passed in may as you might remember, but that doesn't go into effect until next year so there is still time for these companies to get these higher costs in there. >>> rupert murdoch wants to start charging for online news content. murdoch's news corp. owns the "wall street journal," the "new york post" and fox news, among others. the company has suffered from the slump in ad revenue. murdoch says, "an industry that gives away its content is cannibalizin

s, obviously sam's division, a costco. the re-emergence of the dollar channels within the dollar general, for example. but those retailers that are really communicating their value. and value not only based on price but convenience is what is resonating with consumers, again, from the research we see. >> eric, july same-store sales out tomorrow. are there going to be any surprises? >> i think there will be some surprise on the down side like american eagle, which has been kind of squeezed by aeropostale and abercrombie. on the other side nice numbers from aeropostale and even nice numbers from urban outfitters which has done a very nice job of cleaning out inventories to get ready for back to school and fall. >> james, do you agree with that? >> i do, actually. one thing i want to point out is as we get through this season we are seeing evidence of increasing levels of optimism from consumers. we're specifically asking them about their level of expectations of recovery in the back half of 2009 and into 2010. and those metr

>> tires were cheaper than costco. >> it was $400 and i said please don't say whether that's one or foury ruined the floor mats. that made the difference. >> i have something i want to share with you. a survey and this was amazing. which industry would americans like the most? what are the ones they like the most? >> the computer industry. >> there you go. look, number three. we are not too far. media is on the list. and radio. look. >> radio is nonprofit. that's like investing in pennsylvania or duke. >> think about it. we used to be with this group. >> lawyer? banking. >> the government. this is a list you don't want to be on. this is a list of what america views as the biggest bottom dweller industry. >> it's not the nfl. >> we are usually on it. we are not on it. >> i think the most popular was banking. >> totally right. they had a positive reading two years ago. that is right. you honed in on the exact point. >> there was a guy who came become from iraq and he had done this great book and he was made for going into banking and instead he went to work for pepsi. that's the last place

costco moving higher, as well. myriad got upgraded today. and then human genome, a lot of takeover speculation. the options activity is also fairly high and that has the stock ahead by about 8% or so. and i'll toss it back to you, but let me note that the nasdaq 100 since the march lows is up something like 57%. the last time we saw a move of that magnitude over a six month period was way back in april of 2000. remember what happened this april 6 of 2000? that's when the tech bubble burst. back to you. >>> new home sales rising for the fourth month in a row, but can an upturn be sustained? diana joins us now. two really important data points. we saw case shiller, new home sales, they speak to the two different things that you watch in a housing market. price and supply. what are they each telling you? >> reporter: they're telling us that it looks positive right now. the numbers themselves are very bullish. unfortunately, it seems that all the experts i'm talking to are very bearish and the reason is can this sustain into the fall. they're co

bed bath and beyond, children's pace showing a gain of 1% as is costco today and buffalo wild wings up big, almost 7%. there was initiated biover at jess up and lamont. i'm watching phrma stocks today, bus there is activity behind myriad genetics, and human genome up 15% on some takeover chatter, and there has certainly been a lot of options action around that stock today. let's send it out now to chicago and phil lebeau who has some developments on the cash for clunkers. what have you got? >> the final numbers in terms of total vehicles sold and how much the government put out there. 690,000 vehicles were taken off the road, clunkers taken off the road, and the government putting out more than $2.87 billion in rebates. that's money that will be going to the dealers. top five vehicles sold? well, there's an american model in the top five. the ford focus. there you see the corolla, civic, camera and elan extra. manufacturers, toyota moved ahead of general motors in terms of clunker sales, it got the most percentage of sales, 19.4%, followed by gm, ford, honda and hyundai. larry, the tra

. >>> and later -- costco, bj's, sam's club. we tell you if joining a warehouse club is worth your money. you could buy 300 bottles of water. or just one brita filter. ( drop plinks ) brita-- better for the environment and your wallet. but i've still got room for the internet. with my new netbook from at&t. with its built-in 3g network, it's fast and small, so it goes places other laptops can't. i'm bill kurtis, and wherever i go, i've got plenty of room for the internet. and the nation's fastest 3g network. gun it, mick. (announcer) sign up today and get a netbook for $199.99 after mail-in rebate. with built-in access to the nation's fastest 3g network. only from at&t. in a long line of amazing performance machines. this is the new e-coupe. this is mercedes-benz. >>> are you wondering if now is the time to buy or sell your home? call me or e-mail me at carmen@cnbc.com and you could be on the show. >>> talk about a bad trip. a great vacation can replenish the soul, also empty your bank account. today i'm going to help you save a

let's start with the retailers, because things like bed, bad and beyond and costco, a whopping three quarter of a percent. the airlines and rail, american airlines among the weakest. continental, and union pacific. how about mcdonald's? they weren't selling this one, they were buying it, because sa same-store sales were better than expected. 3.4% in july. mcdonald's closing up 1.75%. much of it had to do with research in motion. downgraded today, mostly a valuation fall, but certainly cut into big cap technology stocks. research in motion down just about 6%, apple and microsoft falling. finally the other story of the dye with price line, the ceo was on the call this morning for good reason because they had a better than expected earnings report. >> i interviewed him on "the call." >>. >> what's most interesting i thought today was the surprising pick up in summer leisure travel. 52-westbound high today for the stock. the stock up 100% year-to-date. and it was up a double digit percentage point as we look at the screen here, 150 bucks, up another 14.. >> you know, i forgot to ask if t

. >> i'm not going to say sell, but if retail's hurting, i'd rather own costco.'s go to jeff in indiana. jeff? >> caller: hey, jim, from terre haute, indiana, a ba-ba boo-yah! >> oh, indiana. we were in indiana, went to iu. it was one of the best times ever. what's on your mind? >> caller: eln. >> it's one of my least favorite drug companies, maybe the least entirely. i would rather see you in mylan, which i really can't stand. i would prefer you, if you're going to own a pharma, i think you should own, frankly, bristol-myers, which doesn't get any respect, yields 6% and people keep treating jim cornelius as if he were rodney dangerfield. he doesn't get any respect. i think he's going to blow away the numbers. i think the dividend is safe. they don't like the cash. i like the acquisition. stick with cramer! fair, straight-forward pricing. that's what td ameritrade stands for. think about it. why pay investing fees you shouldn't have to? or account fees that aren't clear? like inactivity fees? or maintenance fees? it's not right. and you know it. and the thing is,

these retailers, the impact of the big box discounters, we're talking about target, walmart, even costco, they all play in the sports space. plus the overall health of the consumer. that is the big unknown out there. so many analysts are looking at it as the holy grail to this recovery. we're going to get a better look at that with consumer confidence tomorrow. but bob, as i was looking at the story, i'm thinking about the fact that when i started school if i wanted to play a sport and i played soccer and basketball and volleyball, you've got to show up with that equipment. otherwise, you can't play. there's probably going to be a lot of kids who have to dot same. >> thanks very much. dow jones industrial average, well, we are just in positive territory, just barely. we've been negative throughout most of the 3:00 hour, maria. materials in the weak spot here with financials as well. >> the volatility index something else we've been talking about. heading higher today. fractional move there. but is the fear barometer suggesting the market may start pulling back? we're going to check that

>> costco. >> which is why you went there the other day. did you see the maria video?>> and she had another little something special to say to you. take a look. >> one of my favorite jeremy hubbard stories is after work he's at a bar relaxing with a buddy, photojournalist kurt ryerson. they see a bunch of emergency equipment racing by a bunch of fire trucks. they wonder what's going on, decide to follow the crews and end up covering a huge fire in a section of kansas city called the west bottoms, five alarm fire. they end up working through the night and win an edward r. murrow award for their coverage. that's the kind of guy jeremy is money he can be relaxing one minute, chasing news the next and winning a national award. with greg steele, i'm maria, jeremy's very first co-anchor. happy birthday, buddy. we love you, we miss you. >> she's within of the few people that brags about having worked with me in the past. most people are embarrassed about that. she's right about that. my best and friend and i were out and got the big story. >> do you want to go ahead and open

price of towels are too high, is the government going to start a dollar met wal-mart corke target or costco to keep prices down? if we don't like the price of potatoes, will the federal cover the start of potato farm to keep a tight of farmers on this? it is an absurd proposition. we need to fight that. what can we do as republicans affirmatively, positively? here are a few examples that we should join together on health care reform on these things on a bipartisan basis. we need to get rid of a joke lawsuits and have a tougher standards for medical malpractice claims. [applause] we need to weed knowledge that if you get sick, that's not preclude you from getting insurance in the future. we need to prohibit and limit the ability of insurance company the box people out of the insurance system just because of a pre-existing condition. we need have what is called portability, so that in this mobile society, people switch from job to job and do not have to risk losing their insurance every time they move jobs. we need portability of the insurance product. we need to switch the system from plane