but here's the thing >> a lover of costco >> and i still own costco. we'll see after the close because they report. we can do than.reason walmart is interesting is because they've had the sales momentum for the last year. what they've been missing is the margin piece because they've been heavily investing in digital, online, private label, fresh foods, organic, et cetera. last quarter was the inflection. they actually had gross margins up six basis points. doesn't seem like a lot but that's a lot for a company seeing double-digit declines in gross margins. better top line. good gross margins what's my favorite word? operating leverage and we got that. and i think we're just at the beginning of that. >> aren't you late >> i could be late the stock trades at 20 times forward. i think earnings are going higher and i think with only 50% of the sell side having buys on the stock at 20 times forward is trading at three or four multiple times cheaper than consumer staples i view this as a staple. barbell, cyclicals and staples and defensives, this is my safet

told "the journal" i think amazon has more to fear from costco than costco has to fear from amazon costco will be more efficient and more trusted all the figures show that costco has nothing to fear. costco has seem like a natural, perfect fit for berkshire. amazon, different story. but monger, this is before the news came out. >> i think it's very interesting that warren buffett pointed out it was one of their investment managers that made this investment with amazon it's like he is trying to distance himself i never heard him do that before >> he doesn't want to be personally seen. >> i was going to say back to dom's point. the whole point about doing same-day or one-day shipping with amazon. i actually experienced it last week with something that i bought on amazon is that this does exactly that all the retailers whether it's costco or others that you would go to the store for that last-minute purchase if you can get it the same day, and winners and losers in transportational logistics doing the prime planes -- >> winners >> maybe they're winners and some of the warehouse real estate c

and also costco is a grocery store. in the same circumstances, a peak with the of market, bottom with the market christmas eve. and then unlike the market, the market, of course, backs away. and this stock didn't do that. this stock holds tough at the high impressive strength. this is another one you want to be in. now the whole group is an obvious one. no real insight here but the principles are the same, utilities peaked in september. have they come down? no utilities have held their ground they were up today that's impressive. all of these would suggest generally if you hold they will get better or in turn break out. and to put it in context, you want to know what the s&p did, it has its high, it has its low and it gets right back to the former high but instead of holding, the s&p has broken. those are three utilities, costco, mccormick did not break. that's a very important day-to-day point. >> carter, come on over. >> sure. >> evan will bring the chair over as he does. >> look how graceful evan is >> very talented

. >>> costco warning of price hikes thanks to china tariffs. the items that could get more expensive. >>> after a cool day yesterday we will see warmer temps today. this is just the start of a big warn of as we head through the next several days. the forecast coming up. eg have laws protect reproductive freedom. newly enacted and clearly unconstitutional laws in a handful of states can fill our states to act now to reaffirm long-standing commitment to safeguard the fundamental rights of women. >> today judge set to decide if the state's only abortion clinic to stay open there. if it does expire missouri would be the first date without an abortion clinic since the 1973 roe v. wade decision. >>> attorneys this afternoon oakland representative and cochair of the congressional pro-choice caucus. thank you for being here. >> happy to be with you. >> we know your stance on this issue so it must be concerning seeing what is going on in missouri and louisiana with a heartbeat bill. >> first of all i remember the days of back alley abortions before roe

tell me exactly what costco is saying.ed retailers are down, pass on cost of tariffs and. at the end of the day prices will go up. the big question when is this going to happen? they're still uncertain about that. they're doing several steps to mitigate the situation, increasing shipments in advance of the tariff increases. they're cutting costs with suppliers. outsourcing different locations away from china as well. they have warned they will increase prices. this comes at a time where costco you walk into a store get anything from 400,000-dollar diamond ring, to 16 toilet rolls in a pack. you get everything there. they have strong bargaining power. they have said they will increase prices. they're not the only one. just in the last 24 hours, costco, dollar tree, dollar general have all warned about higher costs for consumers due to these increases in tariffs. back to you, stu. stuart: got it. kristina, thank you very much indeed. >>> now this, china is threatening to blacklist a large number of firms some in america, som

so now th costco -- i have a whole plan. yeah. i need to costco today. i'm not going. it's going be a mad house. >> i like that costco, too. >>ill ahead, how one local city is enlisting its bartenders and bouncers to help keep the peace. >>> following a deadly crash this week on the gw parkway, two local leaders call for a planned study on safety to begin right away. the national parks service says not so fast. z35k8z z16fz y35k8y y16fy >>> right now on "news4 today," a capitol grilng. the attorney general defends his handling of the mueller and reects not one but two demsdemam we'll tell you why. >>> come to school with a gun and shoot my grandson. >> after a local first grader faces lacist language and -- racist language and violence, his grandfather demands >>ction. what may seem like a simple post on social media may be all a crook needs to make you a victim. the informationou're unknowingly giving away when sharing photos on line. >>> good morning, everyone, i'm yang. >> i'm aaron gilchrest. it is 5:00 m. we want to begin with a check on the forecast and commute.

someone bought a $400,000 diamond ring from costco. the announcement came during a company conference call. analysts say high-priced jewelry could be a hit when costco expands to china this summer. but can you buy it in bulk? >> that's true. everything is bigger at costco. >> that's true. >> i'm kind of into this. >>> coming up, the wild ending at the national spelling bee. >>> but first caught on camera, a swim lesson goes horribly wrong. a boy slips under water for minutes with four swim instructors nearby. >>> up next, a nightmare in paradise. a delaware mother said she was brutally beaten at a caribbean resort. her warning to all tourists next. you finished preparing him for college. in 24 hours, you'll send him off thinking you've done everything for his well being. but meningitis b progresses quickly and can be fatal, sometimes within 24 hours. while meningitis b is uncommon, about 1 in 10 infected will die. like millions of others, your teen may not be vaccinated against meningitis b. meningitis b strikes quickly. be quick to ta

. >> a slew of retailers out reporting after the bell, gap, ulta, costco, let's go to courtney reagantco shares have been flat to slightly down after hours here after holding relatively steady for the last two months they did surge following the previous earnings report and haven't done much since and earnings are stronger than expected and revenues in line and the wholesale club posting strong comps more than 5.5% and the u.s. division the strongest. membership fees $576 million, a bit below estimates and above last year and there was a negative drag from foreign exchange and membership renewal rates still strong at 95% from the u.s. and canada. chief financial officer richard gallanti spoke about tariffs before going to questions and answers. >> as you might expect it's all over the board in terms of every item and vendor is different in some cases it's being passed on and in some cases we were able to work to move merchandise and in the impact and it does go through and it has a different impact of how it affects sales we think that we're in a good position in terms of our size and

. >> and they have costco warning customers prices could go up. >>> good morning. i'm frank holland at cnbc headquarters. wall street set to open sharply lower this morning. global markets reacting to president trump's threat to slap tariffs on imparts from mexico unless mexico takes more action on undocumented immigrants crossing the border. the fear of impact that the u.s. tariffs could lead to a global economic slowdown for recession. folks co is the third largest trading partner with the u.s. tariffs are import penalties on american companies which could raise prices for consumers. automakers could be hit the hardest. many build in mexico taking advantage of the cheaper labor and proximity to the u.s. gm has 14 plants nissan's imports accounts for a quarter of chinese imports is costco. it is just beginning to feel the effect on goods such as furniture, bikes, and luggage.h will go up on things. the company is trying to off set that by sourcing goods from other countries. >>> with all the stuff that comes from mexico, we will definitely be watching for that. th

costco also under pressure.ina partsinevelos, she's got the details from the floor of the new york stock exchange with headlines hitting right and left. reporter: you have costco warning prices could increase due to the ongoing tariff wars. this comes after the retailer missed on its same store sales target in its latest quarter. things could have been a lot worse for costco if not for one major sale. richard galante confirming the purchase of a diamond ring reportedly costing in the $400,000 range on yesterday's analyst call. no word yet on who made the purchase or where it happened. costco shares at the moment are down $1.30. >>> the winter season, though, is also taking its toll on casual dining. red robin shares flying south this hour after the company lowered its full year forecast due to slumping sales and growing wage rates. red robin currently trading right now, look at that, down over 17%. that's the lowest close we are seeing since 2011. >>> we also have to talk about dell. dell shares are in the red.

you walk around i went in there, looking for socks. >> at costco? a lot of socks. >> that was judgmental, wasn't it? >> a special extended sunday sitdown with david letterman. >>> plus, another life well lived later in the show. >>> let's start with severe storms pounding the middle of the country this weekend. ten more tornadoes reported overnight in texas about oklahoma. morgan radford is here with more. good morning. >> good morning. talk about a wake of destruction. those severe storms left a big mess in their wake and even more storms are on the way. 51 million people are at risk for severe weather this morning. they call it tornado alley for a reason. more than 50 twisters touching down across the southern plain this is weekend, tearing a path of destruction. much of oklahoma remains under a state of emergency. severe storms and heavy flooding leaving thousands without power. in the city of geronimo, trees were uprooted and homes were flattened. tornadoes in texas causing widespread damage in abilene, the mayor signing a disaster declaration.

has a very big mexican business costco got 177 stores. love costco report i thought it was future caantas every single line. the best thing of the costco thing, i know it was said kind o of as a joke someone did buy a $4,000 ring at costco it is a reminder of the breath of the pattern they have it is the second largest company. when things settle down, i like that i don't know what to say about ga gap. you are getting old navy >> 2020 they're going to split old navy from the economy. >> what time was that tweet? na, never mind >> 3:30. so david, here is what you need to know about gaap stores. this is something that i lea learned -- gap had negative 10 nobody makes it a double digit down that's what my work is showing over and over again. over a 40 year period my father taught me. when they are down 10%, down that thank you very mumuch, you credit that does not mean gap can't pull out and it is not jc penney by the way, there is a piec piece -- jc penney has to fall back that's untrue. they got the cash flow meeting all their -- gap is di

costco is fresh food >> costco, the last two standing will be costco and amazon. >> sue, as somebody, you have to look at the markets closely, what's been happening the ipos that we have seen recently, there has been so many of them and what's the rush to get there? >> the size of the offering and the market values of the company when they are coming you see companies going to the public market earlier in their development. i think what's driving the timing is after five or ten years of capitol, their original investors are looking for liq d liquidity. it is not always they need more money. lyft and uber are big consumer of capitol many company have gone public. >> sue, i want to thank you por jo joining me it is great to see you >> great to see you becky. >> sue decker, also, a quick note for you, folks. you can sign up for our buffett watch newsletter you will get all the news about warren buffett and bershire hathaway that comes with highlights of our archives you can get it all by going to buffetnewsletter.com guys, i will send it back to you. >> did you rent a car? >> i rented a

>> i like costco i'm look at that p-e trade somewhere around 30. it seems high for me right now this has been a great run and i look at a name not on that list, like a lulu. i absolutely love the company and it's up in an area where i'm starting to look at the p-e and saying maybe it's too much too fast >> i like costco a lot and i like what they're doing and some of the growth strategies and they've got where everybody is paying for a year, but 30 times p-e makes them vulnerable. >> cost deon a very day amazon 2025 and august 27 in last year's high ulta beauty at the end of this month, and it sounds, pensive. i agree 40% this year and not underperforming. >> coming up, pinterest getting slammed and applied materials and nvidia and the top chip analyst will be here to tell us the best buy tesla, the stock getting cut from analysts this month and we'll tell you why they're getting a sudden u-turn and tim here is stepping up to the plate with a stock showing signs of life you are live from new york city. much more "fast money" right after this plants

you walk around and i went in thereooking for socks. >> at costco? a lot of socks. >> that was -- a special extended sunday sit-down with david letterman and another life well lived all later in the show. let's begin this morning with ther sev storms pounding the middle of the countryis weekend. ten more tornadoes reported overnight. >> talk about a week of destruction. those severe storms last night left a bigir mess in the wake. and even more storms on the way. this morning, 51 million people at risk for severe weath. they call it tornado alley for a reason. more than 50 twisters touching down across the southern plains this weekend, clearing a path of destruction. much of oklahoma remains under a statef o emergency. in the city of jeronimo, these homes were fttened and trees uprooted. >> all of a sudden, the roof was gone, looking u at the sky it was quick. >> reporter: tornados in texas causing widespread damage in abilene, the mayor signing a disaster declaratioo twsupercell storms spawned several tornadoes in the south central part of nebraska.

so how will this affect your next trip to costco.what an unlikely team of lawmakers wants to get rid of. make sure you check out a life sketch model for dozens of models. you can read all about it at fox news.com/the daily spike. >> we'll get the politics from chris wallace. and check in on the markets, tariff threat driving down the dow with about an hour left in the friday session. plus, a store just for jewels? there's word it could happen even as the feds look to crack down on e-cigarettes. the news begins anew top of the hour on fox news channel. >> dana: stock market is down today as president trump announces the u.s. will impose a 25% tariff if they don't prevent more migrants from crossing the border ten days from now. christina, tell us more about what you're hearing. >> investors are not happy. it adds uncertainty to businesses and viable of these companies. why in because they have supply chains in mexico. you saw the dow sell off 274 points. nasdaq, s&p all in the red. the issue, mexico is one of the u.s. largest trading

that is a very healthy number for costco. that is an important one.etail investors look for comp store sales growth, stores open a year or more. but the bottom line here, beat on both top and bottom line. estimates was 1.82. they come in at 2.05. very good indeed. back to you. connell: gerri, thanks. melissa: calling him highly conflicted, president trump doubling down on his criticism of robert mueller earlier today while dismissing the possibility of impeachment. blake burman live at the white house. blake. reporter: after we heard from robert mueller yesterday, this is the first time we heard from president trump on camera to get his reaction. you're right, he described robert mueller at one point conflicted. he also believes that mueller is quote-unquote, a never-trumper. on the other hand president held up robert mueller's report to show in his words, there was no collusion, no obstruction. the president noting he wasn't charged with a single thing. the president also tried to draw a parallel or maybe not a parallel between the proceedings as rel

the trump administration raised tariffs from 10% up to 25% on imported chinese goods, costco is sayingg to see affect so many products they carry, including furniture, bicycles, and luggage. >>> target recalling 90,000 usb charging cables due to a possible fire hazard, that recall was issued after target received 14 reports of the heyday brand cable, smoking and catching fire. take a look at that charging cable, if you have one, at least two cases of people say that they burnt their fingers, the charging cables can be returned to any target for a full refund. >>> you will soon be able to buy alcohol at some dollar tree stores. the idea is being rolled out across the country, dollar tree will start selling some of the items for more than one dollar as part of its new dollar tree plus label. by the way, stock is one of the bright spots today, up 1%, almost $100 per share. they issued some pretty good earnings report this week, but numbers also warned about the effects the tariff wars aren't having. >>> the winning streak on the tv show jeopardy continues, he just claimed his 31st victory

costco's cfo says prices will go up adding its difficult to predict what the impact will be at this moment. shep? >> shepard: jeff paul live in los angeles. chris wallace in washington, the host of "fox news sunday." what is the politics of this, chris? >> the politics is the president feels that cracking down on the border is one of his main campaign promises. what he has promised hasn't happened, the wall, mexico paying for the wall. a lot of it is just personal, not politics. a lot of americans deeply offended at the idea that you're seeing this increasing influx of people coming across the border illegally. 100,000 a month the last couple months. earlier this week, 1,000 people, one group. biggest group ever. a single group coming across the border around el paso. i think the president feels, you know, it takes -- talking about central americans, it takes about three weeks,21 days for folks to get from the southern border of mexico up to the northern border with the u.s. the president says mexico needs to do more to stop them along the way. >> shepard: iowa and pennsylvania pretty impo

costco keeping up with walmart when it comes to salary. according to glass door, costco pays general managers an average of $106,000. employees also receive cash and stock bonuses. profit sharing and commissions as well. last week, l walmart revealed its store managers made an average of $175,000. we have a winner in the zion williamson lottery. >> if that means that the number one pick in the 2019 nba draft goes to the new orleans pelicans. lauren: the pelicans had a 6% chance of winning the top pick in the upcoming draft but managed to leap frog several teams for the right to claim the top prize. that is expected to be zion williamson from duke, one of the most hyped prospects in years, cheryl. cheryl: all about the new blood coming into the nba. taking a look at u.s. futures right now, it has been a pretty volatile week. right now, pretty calm start to your morning. i think we're going to take this. dow is up 7 points right now, s&p up by a point, nasdaq up 11 and a quarter. coming up, the acting faa administrator heading to capitol hil

. >> and costco. >> yeah, costco. company that we love, could get hit over time with tariffs because of what happens to the retail sector, but we think they'll benefit because their pricing model, their low skus makes them very efficient. and if retailers try to maintain their gross margins in a higher inflationary environment, this will be a benefit for costco, which has some of the thinnest margins in the industry. so, i think they have an advantage as customers look for value pricing in the retail industry. >> they have thin margins at the same time. they can't absorb any sort of impact when it comes to inflationary pressures, like, for instance, tariffs, which could go up on friday. so, how does costco manage through that >> two ways. one is their limited skus gives them more pricing power in terms of they're not trying to sell anything then a relative advantage over other retailers who will also be trying to maintain their margins. costco should have a lower relative price, which will be attractive to consumers i

. >> bob got his shot at a costco in leesburg. we reachedut to the company which says it cannot comment on the specifics regarding this particular case. however, all costco pharmacists are certified to issue immunizations. ecostco reported the caso a federal system that tracks vaccine injuries. we tracked the records and found hundreds of people have reportei reacs to the shingles vaccine at various locations throughout our area. >> theam i te has been reporting on these cases for more than a year now. if you've been injured, they want to hear from you. visit our nbc washington app. send them an email. you can also watch their previous investigation. >>> now to a correction on a story we brought you yesterday on news 4. in a report on the abortion ban said in alabama, we virginia state delegate bob thomas wants a similar law passed in virginia. however, delegate thomas has not expressed support for the alabama law, the most restrict in t nation. rather, he showed support for legislation similar to georgia law bannin abortions afte

. >>> still ahead, why prices could be higher the next time you shop at costco. >>> a new mrubudget plan spend $12 billion. >> reporter: 14 presidential hopefuls are hoping to get more support and money. ciscohisorngito ln have fast internet a littland now the besthat you mobile network too? yeah and get them together and save hundreds on your wireless bill. wow, that's great. oh, and this looks great. are these words for sale? no. go, go, go, go. now you can get fast, reliable internet and save hundreds on your wireless bill. that's simple, easy, awesome. taxi! should i have stopped her? get started with a limited time offer on xfinity internet for $19.99 a month for 12 months, plus ask how to get two-hundred-fifty back when you switch to xfinity mobile. tto harrison, the wine tcollection.. grace, you get the beach house, just don't leave the lights on, okay? to mateo, my favorite chair. to chris, the family recipes. to craig, this rock. to jamie, well, let's just say, enjoy the ride. the redwoods to the redheads. the rainbows to the proud. the almonds to walter. the beaches to the bums

then you have costco. costco warning of price increases because of trade, after the u.s. hit their business. they are going to raise prices. barron's associate publisher jack otter is here. people are like well, it isn't hitting the consumer yet. well, it looks like it's going to get worse. >> these are two very different stories, however. gap is kind of a commodity retailer. it's a retailer from a few decades ago. they have got a lot of issues. their same store sales were down 10% and i think that's a function of some operational mistakes. there is always the weather excuse. the biggest point is disruption in this economy. and costco is very worrisome. that's a company that's managing through description. their online sales have higher margins than their store sales. it's an almost unique model with their membership portion. they are doing a lot of things right and are still hurting. their margins are paper-thin. if suddenly there's a tax on those goods, they can't afford to absorb that. they will have to raise prices. the consumer will feel that. connell: it's hard for

trade war with china, raising tariffs 10% to 25% on chinese goods and costco is seeing the effects onducts suchcalifornia lawm prevention drug over the counter. the new bill would allow people to obtain the drug without a prescription for 30 days. supporters say making this drug more readily available would prevent infections but the legislation is opposed by medical group who is argue the drug has side effects and that patients need to be monitored by doctors. by doctors. . >>> the time is 4:46. a bill is moving through the state legislature banning the small bottles of shampoo and conditioner that hotels offer you. the state assembly passed a bill yesterday. now it is in the senate. supporters say the bottles are bad for the environment. many hotels already use large dispensers for body wash valle said it stopped using small bottles seven years ago. >> we realized we were throwing out of partially used bottles and it is just a waste. there was lots of plastic. our hotel really tries to be green >> if the state senate passes the i will be and the governor signs it the ban would take

meanwhile, cost on co say its will like -- costco says it will have to raise prices due to the trade war with china. they imposed tariffs. costco said it is beginning to see the effects on imports like furniture, bikes and luggage. >>> i'm katie nielsen at the live news desk. updates, where 21 people are still missing after a tour boat, carrying a group of south korean tourists, collided with a larger ship on the danube river. the boat has now been identified as a viking cruise ship. video from the scene shows the larger boat hit the back of the tour boat, causing it to capsize and sink in less than seven seconds. seven people are confirmed dead. 21 missing. rescuers say it is unlikely they will find survivors. the captain could now face criminal charges for causing a deadly mass accident. 6:07 now. developing news out of arkansas. as we take a live look in little rock. levees are breaching along the mississippi and arkansas rivers, putting thousands of homes in potential danger. after weeks of heavy rainfall, tornadoes and flooding, folks in the state of arkansas are concerned that

i think because you know costco they always check the receipt years ago she was trying to flag him downdo and he just kept know. >>just just kept going. coming up on the kron four morning news. there's a new effort. homes even more safer going tell you where south bay residents can take unwanted guns. plus a look at how crews are getting ready for what's expected to look! a door to another dimen... oh, no, just a bag. train insane, or remain the same. phew! we'll never totally figure them out. but we do know what makes them happy. meow mix. forty years and still the only one cats ask for by name. in some cases wet morning in some coastal drizzle has been seen across parts of the bay area. >>you do see low lying cloud satellite radar so it might not be a rainy day ahead of us. but just enough of cool temperatures cloudy skies and wet conditions to make you want to throw those rain jackets on this morning. 50's for your current temperatures are dropping the kids off at the bus stop. we are looking at 60's and 70's later today and a little more sunshine peeking out than what we saw for yes

why costco sears is down. general motors is down.f they could pass it on, those stocks wouldn't be down. >> that is true. they can't pass everything down. a lot of times they will absorb. nobody is paying retail for a car unless really rare model. the fact there is always incentives involved. you won't see it with cars on the lot for 2019s. you will see it in 2020 cars. if there is 5% on it comes across the border june fifth, that is what you will start seeing start adding on to the bottom line price of the vehicle. that is when consumers may not see that much of a difference. if you go to 25%. now you're a whole another animal. consumers are going to see a huge impact. manufacturers will have less profit margin. charles: right. >> you will see big impact comes to hiring people, spending money on marketing. it will impact other industries, accounting marketing finance. charles: no doubt about that. let me bring rob in. rob, automakers, also std, constellation brands, corona beer, kansas city southern. they have a major mexican compon

costco up about 2019 this year we'll see if they can maintain those gains. >> that's one to watch seema mody, thanks >>> to the latest in the trade war where china is making the next move. let's get to kayla tausche in washington. >> u.s. soy bean farmers hit from multiple forces, delaying and stockpiling crops. china halting good will purchases that would have totaled nearly 6 million metric tons on saturday the total tariff rate on soy products entering chain will rise from 28% from beans and 34% from oils. trade sources say the fight is likely to intensify further before it cools down i'm told vice president mike pence is planning a speech on china's human rights record tied to the 20th anniversary of the tiananmen square massacre and could mention human rights sanctions. a white house official plans commemorating the speech around the anniversary. one of many hawks vocal about china within this administration, it's important, kelly, because as we expect potentially this administration to weigh further sanctions on companies like hick vision, my sources are saying this speech is a po

on the other hand we're talking tears with a another country costco became the latest retailer to saywar between china and the us will likely lead to higher prices. however says it's taking steps to ease that pain costco is beginning to see the effect of the most recent tariff increases, affecting goods like furniture bikes and luggage now dollar tree is also someone who's going to need to quietly increased their prices as well they're going to have some different brands are bringing in to go ahead and subsidize that that it impacts on that, but your ice and that with even your dollar stores. now again this would start on june 10th got 10% by july 8, 2, up to 10% by july and 5% every month leading up until october possibly the highs up to 25% for now reporting live in san jose christina tetreault kron 4 news. ok, thank you christina, 07:36am national news right now there's an emergency in arkansas, the state is preparing for. >>never before seen flooding expected to wreak havoc across that state for weeks to calm and you can see just how high. the water is already the arkansas river h

trade tensions mean we could see prices rise across the board at stores like target, costco and walmart. the u.s. is threatening to impose additional tariffs on chinese goods. yesterday, chosen announina ann taris.s retaliating after the u.s. first raised tariffs last friday. it could be weeks before the countries reach adedeal. president trump will be meeting with china's president xi at the end of june. >> thank you. >>> a one-day strike at ucf medical centers this thursday is forcing hundreds of appointments and procedures to be rescheduled. this one-day strike will leave a fifth in the last year. the union represents thousands of technical workers is calming for higher wages, retirement benefits and job security. the emergency departments at the mission bay campuses will remain opened. in a statement, ucf says it respects employees rights to represent representation and freedom of speech. >>> now a possible strike. parents will hold a community meeting as hundreds of teachers prepare for ait it starts at 7:00 in logan city. teachers in the new haven unified district will box up and

plus take a look at earnings next week, including uber, costco, ulta, there's the calendar wel ine byetee! kaisi hain aap (how are you)? i'm good, how are you? good! so good to see you. it's late, where are you? i'm at work. oh gosh, so late. i know, but guess what? what? i've saved enough to come visit you. well, that's such great news! at u.s. bank, we believe that hard work works. and for everyone working toward a goal, we're here to help. dear tech, dear tech, let's talk. we have a pretty good relationship. you've done a lot of good for the world. but i feel like you have the potential to do so much more. are you working for all of us, or just a few of us? can we build ai without bias? ai that fights bias? ai that helps us see the bias in ourselves? we need tech that helps people understand each other. that understands my business. dear tech, dear tech, dear tech, dear tech, let's champion data rights as human rights. let's use blockchain to help reduce poverty. let's develop new solutions with the help of quantum technology. let's show girls that stem isn't just a boy's club. let'

costco, and the champions. >> that's the beauty of the market, man.pecific >> things that were defensive. >> for more on retail and what the trade war could mean for the consumer go to cnbc.com and check out this article straight ahead, here's where we stand with lyft. that stock is jumping higher as the conference call is going on and it's up 2.5% and we'll hear from the ceo on his first earnings call and later, stocks getting slammed today selling across the board so where should you hide out pete will give you his top pick. we are live from the nasdaq in times square much more "fast money" right after this let's build a better world for investing. let's create jobs, build bridges, insure prosperity. as investment management professionals, let's measure up. cfa institute. [horn honks] man this is what i feel like when i wear regular shoes, cramped and uncomfortable. we can arrange a little upgrade. which is why i wear skechers... wide fit shoes. they have extra room throughout. they're like a luxury ride for my feet. try skechers wide fit shoes. thw

hours, at costco after results largely in line with estimates, eps a little higher at $2.05 versus $1.70on revenue they matched estimates at around $34.7 billion. joe: coming up, we look at how bing. bing? that is the underdog generating nearly three times the advertising revenue of twitter. that's next. ♪ microsoftweek in 2009 rebooted and renamed its effort to counter google's search engine, known as bing. it didn't exactly get off to the best start. fast forward, 10 years later and the website generates almost three times as much as twitter. i learned two really interesting things today and one, bing is now a real moneymaker for microsoft, and romaine, you use bing? [laughter] i haven't heard anyone talk about it. >> every three years i like to remind people that bing exists. [laughter] joe: romaine needs no reminding. >> part of my point, this business was kind of the laughingstock of the internet, microsoft's attempt to counter this big monster of google, and at least on that strategic goal it is a failure, right? isgle is google and bing relatively small in comparison, but bing bri

usually hold 10 ounces or more and have a special venting mechanism sold at wholesale stores like costco not the smaller cans typically sold in supermarkets but can ever says it stands by all of its products in a statement. the company says in part quote when pan is used correctly as instructed it is a 100% safe and effective product. the company points to the warning labels which say can may burst if left on stove or near heat source. >>that was andrea grimes reporting conagra the company that makes pam says as part of its normal course of business it stopped producing the larger invented cannes earlier this year. and insists sandy still on store shelves are safe. if used as directed. >>happening now more than 30 million people are bracing for another round of severe weather today including possible tornadoes, damaging winds and a dangerous flooding from texas to illinois violent thunderstorms are expected to ramp up for a second day in towns already hit with heavy rain and severe flooding stranding hundreds of people the rising waters, leaving hundreds of homes under water students at

customer did not know the difference >> that's why they need a hook up with david letterman from costco. >> thee zoo has a new baby giraffe for now, we got this video this is early today. air wick take in fragrance inspired by nature with air wick essential mist. it transforms natural essential oils into mist;e ro with fragra, pausing when it's just right. experience air wick essential mist. you. live look at san francisco. a little cloudy there to start the day. but look, no rain in sight. >> for now. >> let's just deal with right now. >> let's live in the moment, as they say. >> thanks so much for starting your morning with us. i'm marcus washington. >> and i'm laura garcia. a little bit of clearing, kari. >> this is the break before the next storm system moves in. we will start out with cloudy skies. a live look at san jose. willow glen, mostly cloudy throughout the morning. overall, a cool day with peeks of sunshine. a little bit more sunshine going into the

. >> councilman bill greenlee excludes membership based cars like costco and parking garages, the goal to protect consumers who are unbanked, meaning they don't have a checking or savings account. about 6.5% of households in the u.s. are unbanked according to the fdic philadelphia is not alone. new jersey has also passed a cashless ban new york city and washington, d.c. are considering similar laws even in the heart of silicon valley, france lawmakers are proposing an even stricter cashless ban that would include amazon go stores here at philadelphia's redding terminal market consumers and merchants have strong feelings about this new law >> i feel like the cashless stores are exclusionary and philadelphia has a pretty high poverty rate so i think it's good for philadelphia in particular so that everybody has an option to shop where they want. >> that's a business decision. as more and more regulations are put on the small business owner, it's harder and harder to operate in the city. >> they don't like running business in philadelphia, move somewhere else. >> reporter: the councilman

to be honest, i don't get why someone driving a tett ra ray ra ri is parked a a the a costco.now we want to get out and [ bleep ] the gas tank, key their doors, kick in the side panel. >> it's extreme. >> it's a a frustrating thing for sure. it's certainly something that ticks me off. >> a little pup looking to chill on the couch. but see how he has to get psyched up for the big leap first. >>> muscle keep watching for the ipad giveaway. look out for friday's buzzword, your shot to win coming up. so, wfrom this commercial?aways did any of you hear the "bundle your home and auto" part? -i like that, just not when it comes out of her mouth. -yeah, as a mother, i wouldn't want my kids to see that. -good mom. -to see -- wait. i'm sorry. what? -don't kids see enough violence as it is? -i've seen violence. -maybe we turn the word "bundle" into a character, like mr. bundles. -top o' the bundle to you. [ laughter ] bundle, bundle, bundle. -my kids would love that. -yeah. bundle, bundle, bundle. this is why we no longer have to worry about flushing too much toilet paper. rid-x contains

costco was downgraded to hold from accumulated and gordon h s haskett and the price i$255 and sharesell 2% to 48.69. >> planes are packed and the airports are crowded so why are flyers so happy? ♪ ♪ >>> the airline industry's main trade group said today that the boeing 737 max jet is not expected to return to the skies for at least another two months but the international air ia transport asson has no control over that timeline and the decision is in the hands of regulators. >> the ceo of boeing today said he is working to regain the public's trust. speaking at conference in new york dennis said the company is looking closely at its production plant. >> once we get the airplane back up and flying, we get the grounded fleet back up and customers and then we will in a very disciplined way get back to our rate increas plan. i'm not going to put a specific wee line on that because want to very much focus on safety it back up to first, but we do, for the long term standpoint still expect it to ramp back up it a 57 a month rate and our long-term demand profile still says tt rates above 57

costco shipping and 21 others were honored for voluntarily reducing the speed of their ships in marine sanctuaries. marine biologists say it's difficult for a cargo ship to avoid striking a bhal be ing in reducing its speed by six miles an hour makes it more likely for a whale to survive if hit. >> these ships would reduce the mortality by half. going slower if they hit the whale, the chances go up a lot. >> scientists say whales don'ta near the surface of the ocean. >> part of building a better bay area is coming up with solutions to the homeless crisis, and b.a.r.t. is stepping up outreach to the homeless around two stations. it seemed up with the salvation army to distribute food and personal items at the civic center stations yesterday. volunteers passed out sandwiches, socks, hygiene kits and information about services. >> you see backgrounds and cultures. it's a human being and someone needs to care for them. that's the work of the salvation army. if we fed someone and that was the best we did, that's all right. if we got them into a treatment program, that's even better. >> it h

costco and washington have opposing views on key global issues but agree to reset ties and try to overcome the differences that's the take home message from the u.s. secretary of state might visit to russia. the u.s. attorney general investigate the galaxy of evidence used in the russian trump collusion probe it doesn't question the finding of the report and russian interference also to come. good coders latest campaign in norway to coincide with features of crescent moon as part of its logo although it has sparked anger in some cautious. they're just going to 11 o'clock here in moscow you're watching r.t. international now the russian president vladimir putin says he is ready to resolve differences with washington and improve relations although syria sticking points still remain on tuesday he met with the u.s. secretary of state in the black sea resort of sochi where russia's foreign minister also held talks with his american counterpart. there's a peculiar belief. but we also want to restore relations with the u.s. i hope all the conditions for that are now being created this by the exot

harvesting the list covers all corners of the corporate working world here in the united states national costco executive director marcy goldstein geld tells the media quote there is no reason to tolerate ill responsible behavior by employers who fail to provide a safe workplace and force workers and families to pay the price. so today my friends let's kick things off by looking into the world of workplace injury and corporate malfeasance by doing our jobs and watching the hawks. that's. what they like you know that i got. to. welcome everybody to watch the hawks i am tyrrel ventura. and dangerous place to work a lot of that there is you watch out and. i mean fave to a worker why is that such a big. right is this about socialism about. it is sad when you see those numbers that way you know you get workers being injured every seven seconds on the job like that that's tragic numbers and i'm sorry when you get when you get a job and you go to work you should expect some safety you know at the end of the day when you go to work and earn a living you should expect that your employee employer has ele

either sector leaders like costco i still think that -- >> diehard costco fan. >> anytime i -- >> shareholder as well as stockholder. >> yes i am a shareholder i definitely frequently go there. i would say every time i try to trim a position in costco i regret it because the stock continues to be a compounder such a great story because of the revenue and its description. some restaurants, i like mcdonald very much i like the transition there. >> trade wars? >> they could be but i love it because they are doing great things fixing the company, restructuring the stores and that sort of thing. revamping their entire product and that sort of thing so there are pockets of consumer that i like. and then within kind of discresh i like nike and the turnaround story in under armour. there are spaces but you've got to be very careful >> housing in focus on the back of weak sales data diana, what's in focus there >> sales of newly built homes fell more than expected down 6.9% in april from march still up from a year ago but it's likely because the builders are still putting up mostly move up homes not t

harvesting the list covers all corners of the corporate working world here in the united states national costco executive director marcy goldstein geld tells the media quote there is no reason to tolerate ill responsible behavior by employers who fail to provide a safe workplace and force workers and families to pay the price so today my friends let's kick things off by looking into the world of workplace injury and corporate malfeasance.

from new york to los angeles and london to costco. right is have been urged not to cross the d digital picket liney ordering a cab from -- brawl left and demonstrations have been planned for outside that refuses. those taking action want to show the china's livelihoods over in contrarast to the sums of money these terms of making from investors -- biz inititial publc offering this on friday and it's expected to be valued at up to ninety two billion dollars. in -- twenty seventeen behind ceo dollar closer show he to help move the company pasta series of scandals including sexual harassment allegations and data breaches. he's promised to treats drive is better -- but is set to spend more than three hundred million dollars some bonuses for them and fridays canal tape. on tuesday a spokesperson said the company strongly this around e hearts o of that service. the strikes due to continue as drivers call really to be heard ahead of thisis masassive stock market flotation at the end of the man that's a huge company and really transforming pe

harvesting the list covers all corners of the corporate working world here in the united states national costco executive director marcy goldstein geld tells the media quote there is no reason to tolerate ill responsible behavior by employers who fail to provide a safe workplace and force workers and families to pay the price. so today my friends let's kick things off by looking into the world of workplace injury and corporate malfeasance by doing our jobs and watching the hawks. looking. good looks like real business with. the bottom. like you know what i got. was that we. would. welcome everybody to watch your hearts i am tyrrel ventura and have. and dangerous place to work a lot of sharp edges but there's your watch out and.

costco and washington have opposing views on key global issues but agreeing to reset targets and try to overcome the differences that's the take home message from the u.s. secretary of state might visit to russia. the u.s. attorney general investigates the unique galaxy of evidence used in the russia trump collusion but doesn't question the finding of the moon are appalled and russian interference all sides of the sofa enjoying a good coders latest campaign in norway to coincide with the features of crescent moon as part of its logo.

just look at costco, it trades at a risk valuation an it trades really well and i think you guys aren to something and i like they did that -- >> keeping in mind the defensive part when walmart dropped in '07 down -- 27% and what does the s&p do dropped 50 in the event of great weakness for equities in genera definitionally, walmart will outperform >> we have more "options action" still ahead. here's what's coming up next. >> options on tlt, the etf and on long-term treasury bonds has never been cheaper. >> the bond king out with a bold call on interest rates this week we'll tell you exactly how to make money with the billionaire investor plus, calling all "options action" fans, reach into your pocket grab your phone and tweet us your questions @optionsaction. if it's nice, we'll answer on air when "options action" returns. >> announcer: "options action" is sponsored by think or swim by td ameritrade. ♪♪ ♪♪ ♪♪ here'sshow me making it. like. oh! i got one. the best of amy poehler. amy, maybe we could use the voice remote to search for something that you're not in. show me parks and re

costco and dollar tree will also release earnings. fed releases their preferred inflation gauge and personal and income spending members -- spending numbers. president trump traveled to japan to make progress on a trade deal with prime minister shinzo abe, but took the occasion to say he was in no big rush to do a similar deal with china. pres. trump: as far as china is concerned, they wanted to make a deal. i think they probably wished they made the deal that they had on the table before they tried to renegotiated. they would like to make a deal. we are not ready to make a deal, and we are taking intends of billions of dollars in tariffs, and that could go up substantially very easily. david: we welcome now tobias harris, taddeo's senior vice president for japan. let's start with china. what did you make out of what the president said? is this just more of the same? could we look to anything more coming out of the g20 meeting as president xi meets with president trump? point, domestic politics in both countries reigned supreme. circu