i think sales are bigger than costco. look at a couple of comparative charts. this is costco.ow, it is about 50%-plus groceries. it goes into the consumer staples bucket. what i have here is a chart over the past six months. juxtaposing costco versus its aggregate. what we know is, in fact, this has been reversed. so if you could, you'll just notice that that is actually costco, and that is the consumer staples. costco underperforming. okay. so here's that picture another way. this is the chart of costco. and the bottom panel is relative to all consumer staples as measured by the xlp. what we know is, even as it tried to go up here, it was still making new relative lows compared to the market. so advancing on an absolute basis, but underperforming the s&p and underperforming its peer group. things like coke, or kroger's or walmart, what have you. now, this goes back to when the bull market started. trends matter. trends are real. stocks typically trend down or up until they doan. what we know is, that is the trend line. by all accounts, we have responded to this line beautiful

costco underperforming. okay. so here's that picture another way. this is the chart of costco. and the bottom panel is relative to all consumer staples as measured by the xlp. what we know is, even as it tried to go up here, it was still making new relative lows compared to the market. so advancing on an absolute basis, but underperforming the s&p and underperforming its peer group. things like coke, or kroger's or walmart, what have you. now, this goes back to when the bull market started. what we know is, that is the trend line. by all accounts, we have responded to this line beautifully, beautifully, beautifully, and my thinking is, we're going to come down and check this once again. so that's sort of the setup. i want to do a few other things just for fun. a little bit of funny mentals. this is the price per share versus earnings per share since the prior peak in 2007. so obviously price gets a little bit cheap maybe, maybe gets a little bit high. but it's certainly above trend if you were to measure, quote, trend by earnings. and you want to look at it in numerical form, h

how about costco. i'm proud to be a costco member and happy to pay the membership fee. if i have spare time and there's a costco nearby, i'm going to it. the other day i was going to the white house correspondent area, she said my wallet was too stuffed. i took it out, pulled it out of my pocket and showed her how i made the wallet thinner, she said it wasn't thin enough. what the heck, why aren't you leaving your costco card at home. you're not going there tonight. i said, i'm never without my costco card. i left it in, took out a bunch of ones and fives. netflix is a ridiculous bargain, given how much i love the original content. i don't even know how much i pay for that amazon prime thing, but that is worth the price. i no longer walk across the street to get toilet paper or paper towels. i gladly pay more for it. another revenue stream appears to my e-mail, my service stream from apple. one of my family members didn't back up his iphone, we have billions of pictures. who cares how much it costs, we learned a lesson, doesn't matter, get the backup. apple has a family

costco, wealthier people got more frugal because of the great recession and they realize costco is a total bargain. this is the quarter that costco switches its credit card provider. and many have held off so they can get more points on their visa backed costco cards. when the news broke in the middle of the night, bad quarter. last bad quarter. how about tjx? here's a company that benefits from all the problems. low prices from department stores that haven't been able to sell the goods. and then they mark them up and make a fortune. walmart, lower prices, put technology on work, playing it easier to buy online and if you want to buy perishable food. you can't just buy from amazon and have it sitting on your door. so these plays are the new winner. the stock market is chasing these wins. the bottom line is, these value oriented retailers represent the only real bargains on wall street. just as they represent them on main street. >> what do you think about groupon? do you think it has a potential to take over target? >> i don't know. it is too disorganized for anyone to take it over.

costco stock has fallen 10% this year.n you compare it to the broader market, they outperformed in the fourth quarter before running out of steam and meeting up with the s&p 500. the reasons are stronger u.s. dollar and falling gasoline and food prices. growth is the white line there. when you back out there is a clear performance there. impact in plans to raise minimum wage for the first time in nine years. they plan to add 20 new stores a year. you can see the company's capital spending at its highest in more than two decades. the concern is costco could be vulnerable and fall behind in e-commerce efforts. where would they expand? costco is big on the west coast and has room to expand in other regions compared to its rival. bj's dominant in the northeast. costco is about its members. they aim to keep renewal rate above 80%. two thirds of all sales. they added 18,000 executive cardholders per week. cosco will be reporting results later on this evening. alix: we are in a much -- we have much for coming up on what'd you mis

. >> dollar store and costco as well. costco was 1.23 a share. comps were flat for the first time in six years. dollar johnson and dollar tree, both discount retailers did post higher same-store sales. where do you want to start? >> i got to tell you, the dollar tree, david, we often times we laugh -- the family dollar, brilliant. >> dollar general wanted in on it and there was anti-trust. they completed the deal and there were divestitures and you're saying it was a good deal? >> it was a great deal. a lot of it is consumables. these places have done much better for food. you see they have smaller packages but people feel it's a bargain. when i go to dollar tree, david, i feel like i'm worth a million bucks. >> well, you are actually. >> well, you like to feel it. >> it's nice to feel it. when you walk in, i don't think you're exactly feeling exatted. >> then you haven't been to -- you can eat off of the floor of my dollar tree. memorial day weekend, you got to get there before to get all the flags you need, all the different accoutrements for y

i think costco has a reasonable ability to expand. great management, great brand, incredible customer loyalty. >>> and number three is vodafone. tell me the narrative behind it. >> vodafone is all about the wireless space and increasing traction in place like india and china and emerging markets. i know emerging markets is a scary world for folks. this is not an emerging market stock. this is a stock that pays a healthy dividend that's going to give you the tuned to participate in the wireless growth that's happening in countries such as india. that's why tim cook is there from apple. that's why vodafone is going to have a huge presence in these developing markets. >> michael, let's broaden it out a little bit. how do you feel about the market overall? what kind of a year do you think we're going to have? >> you know, i think when it's all said and done, probably a 5% to 7% year, which means it's got a ways go since it's basically at a six-week low right now. you know, i think that the economy is not great, but it's not as bad as ever

warren defended not to go ahead with costco. you're a costco board member. do you agree?uld have made the opposite decision. >> why? >> i think costco is so powerful that being the only credit card provider at costco is so valuable. that's just my opinion. >> we talked a bit about ibm. there were shareholder questions that came in over the weekend about shares of ibm, particularly since they're trading at about $145 versus a cost basis just under $175. you made some comments you're not sure what to think about the ibm investment. >> i'm not sure it's going to come out. i like the fact they're doing it. and any kind of artificial intelligence is very much in. it may well work. i have no way of predicting. >> do you think warren does? >> no. >> you can take that to the bank. >> when you talk about artificial intelligence you talk about watson in particular. >> i don't think we're paying much for the opportunity. >> the opportunity to be in shares of ibm? >> i think that there's not much optimism in the current price of the shares. what is it you like about the artificial in

costco down as well. says there is an opportunity for the company to enact a subscription model that people might be more willing to pay, say $30 a month, instead of one big, upfront some to -- sm an iphone.o buy this is something we have seen others do. he thinks this could reach a $1 trillion market cap. there was a social media alert for micron on the bloomberg. traders are tweeting about the increased need for memory demand for memory chips with the iphone 7. that appears to be helping give micron a boost. western digital and brocade are also higher. prices have gone down from highs. an unexpected build in inventories at a time when supply was assumed to be constrained, especially with those wildfires in canada. finally, a look at gold and copper, which have been weakening today in the face of a rising dollar. gold off about 4/10 of 1%. copper down about 7/10 of 1%. mark b.: metals declining means -- this is the chart i wanted to show you earlier. better late than never. the stoxx 600, all the industr

the founder, form he, ceo of costco. one of the greatest.ays explained to me that his company could outshine all other retailers including walmart because costco paid its people so well. so well they didn't want to leave which saved costco a fortune in training costs. remember, training and turnover are spentive. training new workers is a dead weight lost. it causes dislocations at the stores and hurts the numbers. that's why paying people more can boost earnings over the long terming and even the medium term. mcmillan was right to be worried and these wage increases are at the heart of the turn-around. is it sustainable? one of the most annoying parts of my day is grocery shopping at the end of the day. i get the same thing all the time. i have to wait in line. and it takes forever at the checkout counter. walmart has made it so easy. you can order online on the way home and they'll deliver the same groceries you want directly to your car when you pull up. a drive-through. if we're talking about perishable food, that's even better handle th

scarlet scarlet: has a closer look at costco.ining today, climbing the most from that number of 2009 after estimates beat on cost cuts. so what did into the numbers. costco stock was down 10%. that was cut+++ rally. when you compare it to the past 12 months, they had a big surge relative to the s&p 500 and is pulling away. costco sales missed analyst estimates, dragged lower by a stronger u.s. dollar and following gasoline and food prices. gasoline sales were unchanged last quarter. when you back out fx and gas, it gained about 3%. that number still shy of analyst estimates of about 4%. cosco plans to add between 20 and 30 stores per year. the company's capital spending is at its highest in two decades. could fall is cosco behind in its e-commerce efforts. where would they expand? cosco is dominant on the west coast and has room to expand where its competitors are stronger. bj stronghold is in the northeast. ultimately, costco is all about its members. this quarter, it met the market. executive members made up one third of the me

jeff besos with this decision is going right after big-name competitors, like walmart, costco and theyan put pressure on third-party merchants selling products on his platform. >> it keeps these third-party merchants on it in, one, the quality of what they sell and, two, in the prices that they charge consumers. >> there's also a financial component to this move. skully says that these niche products usually carry higher profit margins than name brands and consumers are big fans. store brand sales reached an all-time record and an increase of more than 2 million over the previous year. there are risks for amazon, however. the company has stumbled in the past. for example, last year, amazon made news when it had to pull its private label diaper brand citing the need for design and improvement. still, analysts think that besos is making the right move because the program will initially target and serve members of amazon's $99 per year prime program. it's important to keep those members very happy. skully estimates there are some 60 million prime members who spend up to four times more th

to say this minnesota couple loves costco, is an understatement. they are obsessed with the oversize everything and the thrill of buying in bulk, they had their engagement pictures taken at the store. background included the meat section and the hot dog stand with the larger than life franks, there they are sharing a soda, and posed her ring with her favorite strawberry cake. there is the shot of that. that cake is good. they take time to stop and pose with the huge packages of everything. guys, you love costco, that just makes sense. >> i guess it does make a little bit of sense. >> they sell engagement rings there. they could have done the whole thing right there. >> thanks very much. lets get a check of the the roads right now. >> we know that those that engaged in the commute yesterday it was not good. this afternoon we have hefty delays but not huge issues like yesterday afternoon with the overturned truck on the schuylkill. this is the vine and slow in both directions. the vine will close again overnight tonight starting at 11:00, each night

. >> it's 5:48 and a newly engaged couple decides to take photos in costco and now those pictures haveral. >> a post it note battle is raging on between two companies in new york. >> ♪ >> philadelphia week continues on wheel of fortune and local contestants are racking up the dough. tonight another philadelphia native will try to earn some big money. last night was all about philadelphia firefighter tommy hood. he took home $15,000 and a trip to hawaii. friends and members of the firehouse came out to help him celebrate at a watch party in mayfair last night and you can see who's the next big philadelphia area winner. watch tonight's episode of wheel of fortune at 7:30 right here on 6abc. >> good for him. >> i went there and talked to tony. he has four really little kids including twins under the age of six and his wife is just like win me a trip. >> and he did. >> they're going to hawaii. >> let's take a lookout side right now and check out the roads. this is southwest philadelphia mid span of the platt bridge. no problems between 26th street and i-95. you're looking good this morning

it's available in better bookstores everywhere and costco.ou -- if we run out of books outside -- >> i always aspired to write a book you could buy in the the airport but even i could imagine i would write a book that you could buy a costco so this has been a huge accomplishment. [laughter] >> we are going to break for lunch. but before we do, please let's have a warm round of applause. [applause] >> here is a look at some books that are being published the week. texas governor greg abbott discusses being paralyzed at the age of 26 helped him with obstacles in his career. also being released this week mark exploration of the histst history of paper and changing role in the digital age. in the book drive lawrence looks at the birth of automobile in the lives of innovators, attorneys that create it had modern automobile industry. life of joe gold, widely believed to be writing the longest book ever written. after he died in 1957 in mental hospital people began to wonder whether it was gold's imagination, look for the titles in bookstores this w

i'm a costco member and stockholder. those guys treat their employees really well.hey have a lot of integrity. i think they can do the same with the people who pick their food. >> wage theft is not ok! >> the people elected me as the vice president of families united for justice. in 2013, we decided to go on strike because they stole from us. they stole our wages. they cheated us on the pounds of berries. they mistreated us. the required us to work in the rain. they threatened us. they intimidated us. we were opposed to all of this. for these reasons, the people decided to stand a rather than stay on their needs. -- knees. [cheers] >> in recent years, farmworkers have been organizing against driscoll's that only in washington state, but in mexico were driscoll's and other major companies source berries and vegetables. in 2015, some 30,000 farmworkers went on strike to demand better pay and conditions. >> boycott driscoll's1 >> osaturdayuring international day of action, a representative of the farmworkers spoke out at a protest isan dieg california. i am here at who

. >> jpmorgan adds costco.he american express conference call knows it was just a hate fest. they were saying costco's taking its business so visa, which is charlie shar f, the ceo, a lot of bad will all over the place. charlie munger on the board of costco basically say whing what nutty thing. one thing you have to love about buffett and munger, they don't think of their companies as -- they want them to do well, but they're willing to be down there giving them the business too if they have to. >> yeah. charlie doesn't -- he says it how he sees it. >> maybe there's like a half dozen people in the world who just don't play for dinner. that guy doesn't play for dinner at all. that's why we love him. that's why we love this guy. >> what about the fact costco's not doing the kinds of comps they were doing three years ago? >> yeah, i'm wondering if that isn't because there's such confusion about the credit card. but as jpmorgan says the comps are easier in the second half. now, the numbers do come out. and i don't

it's available in better bookstores everywhere and costco. if we run out of books outside speakers i can just a i always aspired to write a book you can buy in the airport. but even i never could imagine about the book you could buy at costco, so this event huge accomplishment. [laughter] >> we are going to break for lunch in the second level of the spiral staircase at the george jager conference center. but before we do, please, let's have a warm round of applause. [applause] [inaudible conversations] >> is there a nonfiction author or the book you like to see featured on booktv? send us an e-mail, booktv

it is about costco. this stock is a long time holding for my travel trust. you can follow along. however, i'm very concerned that the quarter that will be announced will be weakened because this is the last reporting period where costco will be tied up with american express. next time we partner with visa but the transition is a rocky one and i know this hurts sales. so i know you must expect a weak number going in. that could be the chance to buy. we also hear from tiffany. the jeweller. that's been a terrible story. down 15% for the year. this company seems to be capable of turning things around even for a nifty graduation present for my daughter there this week. but they blame the strong dollar endlessly even though it has become less of a factor. i'm starting to wonder whether management is up to the task of this difficult retail market. is tiffany due for a better quarter? i think you keep stocks like this in the penalty box. but it would be a coiled spring if something good actually happens. i'ming is of slashing number with tiff 9/11 it isn't entirely tiffany's fauld. will

by the way that costs $6 so toss not like your getting a hot dog at costco.he prices are low. >> little crowded. >> good price. >> inviting, open. >> everything now is shiny and new and it willing interesting to see what it's like in two months but for now i'll take it. >> co-crhe sees they are going value priced competitors. so more like 365 and whole foods. >> how much did this remind you of a trader joes concept? >> very much the price is like trader joes. it is a lot bigger. i would say the interesting thing is people go into a warm shopping experience. that is very cool, euro, flowers layout. fresh and easy tried it. had some trouble. whole food is not fresh and easy. they know americans. i'm curious to see how it does. >> the flowers is interesting, carol. >> what's interesting is what this is going to the multiple on the stock. if you look at the trend here they have less employees because they cannot sustain the high priced employees. they have less organic. their multiple is giving them credit for that being their brand. at some point if they come cl

costco's price target being cut to 135 at piper jaffray's.omfortableing sales estimates for sanonic. those shares down by nearly 4%. one hour 40 minutes until the close. still ahead, it is time for the kentucky derby. ist pull itorite nyqu off? we will talk to an expert on "bloomberg markets." ♪ matt: this is "bloomberg markets ." tomorrow, 20 of the best thoroughbreds in america will compete in the 142nd running of the kentucky derby. we are joined by david, our resident horseracing expert. this is the kickoff of the triple crown. frame this for people who don't know much about horse racing. how key is this race? david: this is the marquee event in america. this is a race of just three-year-old horses. race, you gets the 2 million-dollar purse and you are a pretty much guaranteed stallion where the real money is. multiple of millions of dollars. matt: amazing when you have that once in a lifetime horse. the kentucky derby is the most famous of all three races, by far. david: by far. the preakness is the middle leg. it is a big deal in maryla

productos se vend bajomas de 40 marcas difertes confecha de hasta hace un o y se stribuyen eas tienas 'costcoe' y afeway'..--seis de las personasnfermas se encuentran encalifornia.. lorena --- es nes en suoticiero telemundo 48 primera ec.. takeo 1 --- se esta preparandoa celebrar el dia naciol pa recordar a los caid ...o merial day?.... le presentares .dispositivos electronic que leueden hac la vida msfcil durante etse dia y el reo del verano..... take vo 2 /lucreci---amigos, familiares yientos de fanaticos dan elltimo adios a el famo cantente regnal mexicanoemilio navaira le tendremos todos los dellles...take cam live /lorena---tendremos tambin eclima yel trfico ... olvide que lesperamos enivo a las 5 dla maÑana enutra primera edicin. 3shot/lorena --antes despedirno. no podemos dejar de mencior un record no visto ene l amantedel equipde basebol delos gigantes de san francisco.desde hace made cien aÑos...wait for nats 4 setake vo/lorena -- querido uipo ha ganadcada juego fuera de caspor un total de siete victorsesde que se estableci el recoanterior en 1913...cudo eran los gigantes de nuevaork

tons to costco, trader joe's, other websites have sold the items.heck the website to see what you need to throw out. >>> women that survive cancer do not get enough information about how to undergo fertility. many younger women patients are at risk of early menopause after cancer treatments. >>> loved ones are remembering a 7-year-old from fairfax that drowned the child died last memorial day weekend and in an effort to prevent another tragedy, the swim instructors taught children basic survival skills. her principal says her death is raising awareness. >> we can't undo the tragedy that's occurred, but if we can help one child, this is a worth while event. >> sunday's event came after national learn to swim day. >>> a new york city police officer is stripped of his gun and badge after this video of him went viral. the officer is seen punching a guy in the face who was video taping a police encounter in harlem the officer also pulled out his gun and threatened to shoot the man. the victim suffered minor injuries. >>> in case you missed last night's b

trader joes target and costco. >>steve a:california government officials say governor jerry brown has already hauled in close to a million signatures for his bid. to approve new ways to lower the state's prison population >>steve a:brown wants voters this upcoming november to increase sentencing credits to allow inmates new ways to get out of prison early. >>steve a:the democratic governor's campaign accepted the signatures earlier today. the campaign. needs approximately 585,000 thousand valid signatures for a constitutional ballot measure this year. >>pam m:they say you can use duct tape for just about anything. well in this case, it was used to help rescue a lost hiker. >>pam m:we brought you the story about missing hiker - cody michael - earlier this week. michael is from rocklin outside of sacramento >>pam m:he was found yesterday, after being lost in the donner summit for almost four days. >>pam m:authorities say, a helicopter spotted cody and his german shephard in the trees. >>pam m:on a rock nearby was the

reportera: se han retirado cientos de productos vendidos bajo mÁs de 40 marcas conocidas como costcomitad son reportados de esos el 18% terminan en muerte. se pide a los consumidores revisar sus congeladoras y visitar su pÁgina web revisar para la lista de productos afectados y asegurarse de no consumirlos. fÉlix: dictaminÓ el sueÑo de la tÍpica corona para el jinete americano mario gutiÉrrez, de la hÍpica. cerrÓ la posibilidad del triplete por este aÑo. juan carlos gonzÁlez estuvo ahÍ y hablÓ con gutiÉrrez. juan carlos: una carrera marcada por lluvia constante pero cargada de emociones. uno de ellos es el caballo de mario gutiÉrrez. mario: debiÓ solamente asÍ son las carrera, por eso no me gusta cantar victoria antes de que pase, podÍa suceder, nos tomamos una chance pero no sucediÓ. >> hay quienes piensan que esta derrota se debiÓ a la lluvia pero mario dice que no fue asÍ. mario: no tuvo nada que ver, porque todos corrimos en las mismas condiciones. son estrategias de jinete con experiencia, cuando vio que venÍa tratÓ de intimidar lo mÁs que pueda. reportera: mariio asegura que la

costco's third quarter profit beat forecast but revenues missed.perator reporting flat same store sales for the first time in six years. analysts say a pull back in spending by high income consumers do w.h.o. do make up costco's core customer base led to weaker sales in april. stock is flat. moving lower the past few weeks. pch is reporting better than expected first quarter results. the ceo says he's pleased with the results despite what's been a tough retail environment. he spoke with our very own jim cramer last night. here is a snippet. >> here dealing with some issues -- so in the mall you are talking about. >> this is the mall and our own retail stores here. we're feeling the pressure, particularly from international consumers not traveling to the united states. >> right. the strong dollar. >> some of our fastest growing businesses are the dotcom business. our macy's dotcom business is on fire. so it is critical with given our brands the nature of those brands and how they resonate with the consumer we need to be where the consumer shops and

u visa and costco has a value proposition.o you have a costco card? >> i do not. >> you do not? my wife is an executive member. >> we've never had the closet space for the giant ketchup and mustard and all that stuff. >> well, i feel bad for you. >> thank you. >> when we go to costco we're two different people. >> i'm sure you are but you have a lot of homes to fill up. a lot. >> we should get drexler on and ask him what he would do here. >> mickey drexler, he has enough to worry about right now at j. crew. >> that means mall traffic. when i go to the mall now i often feel like, wow, i mean, where is everybody. it's like the bull more lanes. let's get a couple sixes and bowl. >> they got a lot going on there. >> the mall stores are great. the apple store is still jammed. go to the apple store and there's still people there and you got to -- you know, apple. but the macy's, saks, bloomingdale's, you're like this is what people do in the country. >> i'm aware of it, but they're not doing it as much. >> you go to macy's? what is

the products date back to 2014 and were sold in stores including costco, target, trader joe's, and safeway>>> on the cbs "money watch" now, the nfl pays back money for so-called paid patriotism, and air bnb is sued for racial discrimination. jill wagner is at the new york wi stock exchange with that and more. >> reporter: good morning. here on wall street it is all about the fed. stocks finished lower on talks that the fed will raise interest rates next months. the dow dropped 91. the s&p lost 7. the nasdaq finished 26 points lower. >>> the national football league is returning more than $700,000 to u.s. taxpayers. the so-called patriotism funds were paid to nfl teams by the pentagon to honor american soldiers at nfl games. the money was mistakenly applied to appreciation events. congress has since stopped the practice. major league baseball, the national hockey league, nba, and major league soccer may also have received funds. >>> air bnb, the website to rent housing is, being sued for racial discrimination. a virginia man who is black claims that his attempt to rent in philadelphia was r

my american express, my costco i'm trying to get gas and the costco line and that was denied becauseey notify all these people. >> graham is still not getting her social security checks and she's still trying to prove to medicare that she's alive. it has stopped paying her medical bills. like mark twain. the reports of her did he mice greatly exaggerated. >>> birthday tradition for a couple in florida took a surprising turn. >> the two end up finding a dog and it happened over the weekend as the couple was boating on sunday in the gulf of mexico. 5 miles offshore when they noticed something in the water. turns out it was a small jack russell terrier wearing a tiny orange animal live vest. just floating in the waves. they brought the little guy on board and radioed the coast guard they learn the pup's owner reported him overboard almost three hours earlier. >> wow ! >> when the owner came in was screaming the dog's name -- >> which weigh was yeager meister. >> he had tears. he said i had given up. i had searched as long as i could and we just couldn't see him and we thought we lost hi

ever going to go to a costco where you can get everything, including fights in the car park.ight from the get-go, it's chaos. the guy in blue shoves this woman. this is the point where the guys go at each other, throw throwing their punches in the middle of this car park as the women go for the opposite men, push them away from their own fella. if you're wondering what the women are saying, i believe it's -- [ screaming ] >> i didn't get a single word from the whole video. >> this all came about from an argument over a car park. >> if you're a kayaker and use a typical white water kayak, you have a skirt around you and you've learned how to right that kayak. but if you're in one of these ocean-going kayaks, the fishing type, it's a much different story. the vessel is heavier. you don't have that ability to tuck and roll. that's what happened to this guy here. his kayak upside down. he's got two buddies nearby to come and help him out. uncle jesse and ken towers. just kidding. >> oh, my gosh. >> he's got his life jacket on, gloves on, he is protected. but he's struggling to tr

keyboards all the devices are conveniently the premier computer and your privacy at risk sold at costco trader joe's safeway and more we do need to know about the mass of frozen food recall link to two deaths plus a choice a be received the new poll showing a 2006 and voters are saying none of the above what the police commission is saying about the nationwide search for new san francisco. police francisco >>pam m: just how the process works. >>reporter: we did talk to a member of the san francisco police commission he told us that the process to find a permanent police chief could take three to six months' ' is already underway tonight the former chief have been our office with just over 24 hours to one of the people in charge of picking the new police chief and person who would need to be ready to go on day one he believes now acting chief tony chaplain is capable holding down the fort until a permanent person is in place the police commission will have the matt a list of candidates and their ed lee will have the final same the new chief could be from inside or outside of the departme

and a couple's engagement photo shoot, showcases their love from costco, see more from their hilairious walk down the wholesale aisles. and watch your newscast streaming live on the smart phone or tablet. >> i love myself a club store. >>> accuweather is coming up when we come right back. no waiting to apply. that means now may be a great time to shop for an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. medicare doesn't cover everything. and like all standardized medicare supplement insurance plans, these help cover some of what medicare doesn't pay. so don't wait. call now to request your free decision guide. it could help you find the aarp medicare supplement plan that works for you. these types of plans have no networks, so you get to choose any doctor who accepts medicare patients. rates are competitive, and they're the only plans of their kind endorsed by aarp. remember - these plans let you apply all year round. so call today. because now's the perfect time to learn more. go long. >>> this is a dust cloud a s it made its way to phoenix, ar

>> it's a membership model like costco.oducts you that would find in a place like whole foods. we ship anywhere in the country for free. we ship them at wholesale prices. you're buying whole foods-type products at the price that you buy conventional products. >> there's always so much emphasis on fresh stuff. the fact that are you focusing on non-perishables is interesting to a lot of people. ef it makes the model work more we cut out all the middlemen. we brea directly from the brands. normal supply chain is manufacturers, brokers, distributors, retail markup. we get to cut that out. we break even on the product savings and start and charge a membership model. for every paid membership we give a membership away to a low-income family. >> you weryjected -- use were rejected by some investors. >> they didn't get. it investors in silicon valley, los angeles, new york, said why can't i just go to whole foods? there's one on the corner. for people in the midwest, southeast and other parts of the country, they don't that option.

. >> i have a costco american express and they soon no longer accept it.on june 20th, that's when the switch overoccurs, they'll sebtd out a veegs sa to take the place of the american express. you don't have to keep that visa. as a matter of fact, you can shop with any visa at costco. only that visa gaves you points. the american express will no longer work at all. >>> a new study suggests a possible link between too much folic acid and autism. researchers from johns hopkins and columbia say very high levels of folic acid in a mother's blood were linked to a higher risk of autism in children. doctors are recommending that women who are pregnant tyke folic acid to prevent wirnl defects. >>> road range raips in hawaii. here's jane king with today's wellness report. >> kicking the smoking habit boosts more than your health. it also saves money. that's because health care costs plummet just one year after stopping smoking new research from the university of california san francisco says just a 10% decrease in smoking in the united states would reduce health ca

my american express, my costco i'm trying to get gas and the costco line and that was denied becausenotify all these people. >> reporter: three months after her first death, she still missing social security checks and fighting with medicare. medicare stops paying bills for people they think are dead. >> doctors offices keep calling that medicare is not accepting any billing that my medicare is closed because i'm still deceased. >> reporter: as unpleasant as it is living as a dead person, elizabeth is grateful it happened to her and not someone more vulnerable. >> i mean this is my livelihood. what if it was somebody else that was a little -- widow or somebody all by themselves and this happened to them. what would they do? >> you know that reminds me of? >> what? >> mark twain. didn't he say something to the effect the reports of my death are greatly exaggerated. >> yes. >> this poor woman. credit cards canceled. she can't get bills paid. >> clearly she's alive. >> you shouldn't have to prove you're alive. >> no. walk in, hi, here's all my identification. boom, done. >> made a mista

the consistent theme, the big box, the home depot and the lowes and that is the last three year, costco cas well. but understanding retail, it is momentum oriented and think of the phases, the jcpenney or the nordstrom or the macy's that we have bone through in the 3 to 5 years, positive momentum, and then lose, and negative momentum, and you will see it with jcpenny, because they are incredibly challenged as a franchise, and macy's is under pressure, and probably going to be reporting soft numbers, and not able to get back to the 14% e ebita margin. i bought under armour yesterday. this is a stock that is fundamentally, everybody own and loved, so it is all about the momentum, and guiding what the fundamentals are doing, and also the technicals as it relates to under armour, becausek the ni t wi -- technically it was washed out. >> and now, looking at the gains for the nasdaq and the s&p as oil is getting a flip, and what is happening? >> for me, it is the financials. i think that the asset management side of the financial sto story is incredible pessimistic. going back to zone, and ev

the products were shipped to costco, safe way, and target, among others, and officials say this is part of the continuing effort to stop the spread of listeria bacteria. the products came from a washington state plant. >> you could notice new labels on floor favorite snack telling you how many calories you are awrought to eat requiring calories to be displayed prominently. the food industry has two years to comply. the idea here is to make consumers make more informed food decisions. >> seeing calories affects my decision. >> i don't know in i am excited or dreading it. >> right. this weekend is coming up around the corner and we are helping you plan some family fun. a sneak peek of the events where you live. >> before you make the outside plans i have the first signs of thunderstorms to the north. i tell you where they are traveling and what they will do when they get there today and tomorrow. tone, the search for three prisoners who escaped from alcatraz is unsolved mystery and a new lead has investigators looking in a different direction. i-team investigator track down an eye witness

frozen products are being recalled because they could be contaminated with hysteria from 2014 from costco, target, trader joe's and safeway that far back. it comes from a food company in washington state. they are trying to find the source of the contamination. >>> the nutrition labels on food are getting a make year of the calories will be bigger in boulder font. added sugar and calculations for serving sizes will be updated. a small bag as chips will be one serving. the food industry has two years to comply. >>> nearly 20 million fitness trackers smartwatches connected clothing and other gadgets were shipped in the first three months of this year. the wearable technology makes a lot of promises to improve your live. dana jacobson looked at whether they really live up to the hype. >> reporter: wearable tech companies say their devices can transform people's lives. they claim to help you sleep better, eat better, work out better, stay connected, stay motivated, stay on track. >> it also measures galvanic skin response is. >> i don't even know what galvanic skin response is. >> reporter: c

all 50 states and canada offer the items from retailers including costco, walmart, trader joe's. >>>california, the second state in the country to raise the legal age to buy tobacco from 18 to 21. under the new law, anyone who gives tobacco to anyone under 21 can be found guilty of a miss demeanor. >>> let's get down to business with landon. good morning. >> hi, alex. good morning to you. wall street looks to bounce back from a second day of losses on wednesday. stocks on the back of reports showing weaker than expected hiring in the private sector last month and a drop in worker activity was created on unemployment, head up tomorrow's key monthly jobs report. also, watch shares of tesla, they rose last night, reporting earnings that beat forecasts. making a bold promise to sell 500,000 cars a year by 2018. that's two years earlier than earlier projected. the ramp up is the eexciting lower priced tesla. >>> youtube streaming tv service which could launch next year. it has been in talks with nbc universal, and skinny bundles, for less than $35 a month. >> thanks for that. >>> johnny m