it's not easy to put up a costco and not everybody wants a costco in the area, the politicians i don't know a single consumer that doesn't want a costco in the area, true >> i would say true but i might be a little pessimistic. >> i hope there is one everywhere including china that's a tough market. >> china is a tough market we've got another four under construction, we have two open in china and it is a tough market but we think there is an opportunity there. >> well, incredible. i think if you think there is an opportunity, i understand there is an opportunity, ceo of costco to me the great bargain value place quality place in america thank you so much. >> thank you, jim. thanks for having me >>> coming up, should the market expect a venti sized reinvention from starbucks the coffee giant takes center stage with the investor day and cramer has the roast with the most, next ♪ ♪ ♪ ♪ ♪ ♪ (vo) you can be well-dressed. you can be well-mannered. (man) oh, no, no, after you. wahoooo! (vo) you can be well-groomed. or even well-spoken. (man) ooooooo. (vo) but there's just something about bei

next up is costco.r expected to report over $70 billion in sales this quarter and shares are up, almost 9% since their last re report back in may courtney reagan joining us now with the story on costco what's happening in issaquah, washington, courtney >> reporter: you know, brian, it does seem like this is one of those pandemic winners that just keeps winning, especially now that we're in this inflationary environment. you have a consumer that pays a membership fee and they want to get the most out of that we're seeing an increase in traffic in all but five weeks so far, according to placer.ai. 4.22 costco. people are coming in, perhaps they're filling up their cars with the lower costs there because of the membership and stocking up on all of those bulk items and food inside the store, as we know the price of eating at home still continues to soar. you have really strong ratings on costco continuing from stifel, from bank of america, just to name a couple of them. they look at this and say, yes, there

companies like costco.listen to that conference call last week where the legendary cfo put tutorial he says there's a lot of good news listen to this, quote, we are seeing just little light at the end of the tunnel end quote as the price of food inflation is seven going to 8% there was a decline in food, which is a big deal different components of food the real hope lies in declining raw costs. we're seeing commodity prices coming down such as gas, steel, beef relative to a year ago, same goes for corn he goes on quote even some small cost changes in plastics we're seeing some relief on container prices end quote then he adds quote the supply chain improved a little including on time deliveries end quote and there are no many container shortages. these are all really important how does it translate for you? simple costco makes sure if a supplier raises any prices for those, they have to rollback those price hikes now the costs are going in the other direction costco has to force them into it it's better tha

one of the things that costco -- costco has a lot of stores they could have double the stores in thethere's still a lot of resistance to having a costco in your area because it can hurt small business to me that's wrong costco -- if you are a small businessperson you go buy at costco and then you sell it at your own store. >> helping to lead the s&p this morning, jim, is starbucks 3% gain on the guidance on earnings from the cfo and of course howard talking to you about unions using technology to reduce service time. >> i think he's going to make it so it's easier to work look, cold brew came from nowhere, they have a lot of machines that they demonstrated to me that will make it to cold brew can be much faster. everything that howard kept saying over and over again was and you will want to work here more, it will be better, it will be better. he talked about how the buy back maybe being a mistake, this buy back want to make things better for the worker he and he are idealists from the old days, we were talking about robert kennedy, he was a person who ran for president at one point,

costco is recession proof consumers will continue to flock to costco. we like costco next year, they will increase membership that is $400 million to the bottom line by membership increase during recession, costco is a proven winner. >> the other two briefly >> we also like verizon even in recession. people give up mortgages before cell phone it has a 6% yield. you get paid while you wait. amazon amazon cloud will continue to grow it is growing at 35% clip. $6 billion per quarter at same time, consolidated last couple years we believe amazon is a winner. >> we have to leave it there robert, we appreciate the i ins insight. thank you. >>> turning our attention to a developing story florida reeling from the impact of hurricane ian slamming the west coast as a category 4 storm before weakening to the category 1 with the maximum winds of 75 miles an hour. this the live shot of daytona beach. the storm knocking out 2 million customers this morning and dealing a serious blow to transportation it 2,100 flights cancels jacksonville on the atlantic c coast joini

seeing the action in a stock like costco, food prices may be going up but going up everywhere is costco not a good bet as an excuse me and picking stocks >> yes i think it is still a good bet today the stock is down due to higher interest rates. trading at more than 35 times earnings the business benefited from inflation. we think they saw a 7-point cost benefit. >> costco does tend to have a higher income consumer in some cases. you have to have a membership to go there and probably price conscious at the same time if you have a membership, if you like buying in bulk and being a wholesale member, is this a beneficiary for consumers in that regard if exconsumers thatg there are not suffering the most >> i think it's significant value to consumers so more middle income consumers will go to costco for the value. saving at the gas pump and groceries 20% plus i think this environment plays to costco's strength similar to what we have seen the last two to three years. >> give me a thought on dollar general and where walmart fits. >> yeah. dollar general is a topic for us in this environment

>> i like bj's very much it's inexpensive costco so to speak and i think it does very well and i wouldut my travel trust owns costco and i do prefer them because management is unbelievable and they are a volume player that will do incredibly well with 100 million members and just keeps getting better and better as a company hey, let's go to amissouri. >> caller: hey, jim, boo-yah. >> boo-yah, man, what's going on >> caller: this is my first time calling. i'm excited to be on the show. thanks for having me i want to pick your brain on new mountain finance company, ticker mmfc. >> i'm glad you asked about this this is the kind of company that looks fetching because we know it's got a good yield. we don't know what they're invested in and as far as i'm concerned. therefore, it's too dangerous. and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightening round is sponsored by t.d. ameritrade after a tough week, should buying be on your radar? cramer is offering up some rules for the road, next >>> on this morning's "squawk on the street" if you buy

maria: morning mover costco the remove premarket despite reporting strong fourth-quarter earnings, beatingrevenue for the quarter, coming in stronger than last year o membership revenue topped 1.3 billion dollars expected to open 29 new us warehouses in 2023 no specific plan to increase fees expected to increase inventory to fall we will dig deeper into retail with a live reportedly coming up costco right now down two and a third percent. >> so that a short break when we come back vice president kamala harris seems to be living in land of delusion moments ago another migrant bus arrived in new york city just pulled up, port authority, yet the so-called border czar says southern border is secure, "new york post" columnist miranda devine is here she will weigh in right after this. . your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire pst. girl. you can do better. at least with your big-name wireless carrier. with xfinity m

if only you bought costco and forgot the rest of the stock market you would be happy then. weekend despite the forecast for this holiday season. see you next week. video shows president biden appearing lost on stage after giving a speech in new york as speaker pelosi sidesteps questions on a biden 2024 run. >> i'm not going into politics about what the president should or should not do. stuart: we will give you more on that. the white house keeps pushing americans to buy pricey electric cars as part of the green agenda. automakers struggling to keep up including tesla, they just recalled more than a million cars. that report is next. ♪ thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪ there'

i guess they are costco and b.j.'s.e fact that you like them a reflection on the idea that you don't like so many others and that's all that sort of -- they're the best, the cleanest shirts in a dirty laundry or what? >> yeah, that's accurate, tyler. we just don't have much to like. we're looking for inflation beneficiaries and costco, b.j.'s, you know, you drive by that gas station, they give you a massive savings versus other gas stations you know you need the savings. b.j.'s, for example, gives you 25% off on groceries pretty good deal these days. costco the values can be even deeper as long as you've got the pantry that's big enough to manage those pack sizes. just only a few places to hide in anything close to hard lines and costco's one of the few, you know, great performers that -- the other key for costco and bj's is they make 80% of their income from membership fees. so membership fees are pretty steady eddy. even if their retail margins shrink, shrinking from 3% to 2 1/2% is just not as tragic their income wil

also south bay creamery is launching a new product in costco. but it's not your average flavor, the exotic ingredient now available in a pint of ice cream. coming up on the weekend. now we've got some unusual weather. coming our way means umbrellas possible for part of the weekend. i'll have have heart failure and still experience unresolved symptoms? heart failure and seemingly unrelated symptoms like carpal tunnel syndrome... ...shortness of breath... ...irregular heartbeat... ...and lower back pain could mean something more serious called attr-cm a rare, underdiagnosed disease that worsens over time, so it's important to recognize the signs. sound like you? call your cardiologist and ask about attr-cm. lena new mandate that could ban the sale of new diesel big rigs after the year. 2040 quality regulators hope this will help the state need its climate objectives. ktvu demonic peters has more now on that proposal and reaction. we all want clean air, and we want to do pollution our footprint on the earth, but in reality, we still have to move ca

that's the best bargain in retail. >> that's why you go to costco for the deal. a great store to shop in. >> bulk discount. stuart: it really is cheap. so long as you can tag on to somebody else's membership, simple as that. >> [laughter] revealing too much, stu. you don't pay your own membership fees at costco? lauren: who pays it? stuart: leave me alone. let's talk apple tv. trying to get a piece of sports and now apple music just got a big run in the super bowl. what do we know about this? >> so i think this is a sign of the time. apple music takes over from pepsi as a sponsor of the super bowl half time show, and reports say that apple's paying $50 million a year to sponsor the half time show. that's peanuts for a company like apple. also another indication that they want the nfl, of course, on apple tv plus. right now the lead bidder for the nfl sunday ticket , possibly paying $2.5 billion a year according to reports, apple tv plus already streams a friday night major league baseball game, tonight it's the red sox playing the yankees. highly anticipated. stu

not even costco is immune to inflation. sbp bob nelson says never should rate hikes could be coming in the near future. neil: thank you for that. a lot of you have heard the term stagflation which refers to prices going up the economy going nowhere. that is something we could be visiting where a number of banks are fearing it. last time was in the 1970s. the only distinction for the time being and it is a big one is jobs are very strong, gains month in and month out have been strong. doesn't mean it is guaranteed to last forever and it could melt fast. edward lawrence looking at that. >> reporter: you look at that definition of stagflation, the inflation part of that, high inflation and the federal reserve is predicting the unemployment rate will rise to 4.4% by the end of next year and that gets to the unemployment side. the other side of that definition, the ceo of jpmorgan says he sees wage inflation and housing inflation with prices. >> most important thing is to avoid stagflation. stagflation is damaging to every part

costco thinks long term. most investors are worried about the company's margins. that's wrong costco cares about quality, value and sales growth that's the only way measure the big box club this number will be good that might not mean anything right now because people hate these kinds of stocks. i told the investing club very well attended monthly meeting you can check out on the website i actually wish costco stock would come down so we can buy more in this market i'll probably get my wish thursday, we also get the actual report from the company that brought the house down fedex. we will learn more but won't change the trajectory. we'll learn what costs have to be cut qualcomm will be on display when the company throws an analyst meeting with the automobile work with the chip maker i think it will change the perception and maybe people like this ten times earning stock. not much friday. just some different indicators for manufacturing and service. i put them up because these different answenumbers are weakr it will be used to mock jay powell regardless of what he

costco bested wall street earnings yesterday thanks to fresh food, candice, and gasoline.at last one no surprise l. people love the discounted gas at costco, especially when prices jumped over $35 earlier this summer. costco benefits from the loyal members paying the fees and budgeting more if fewer trips buying in bulk. costco, liz, not immune to inflation and heard from bob nelson and says that membership rate hikes could be coming in the future. liz. liz: yeah, consumer staples. that may very well hold up. madison, thank you. microchip giant qualcomm looking to slay the supply chain dracdragonwith a fire breather . how snap dragon digital chasesy is firing up his auto business faster than any investor thousand. slowing bell 24 minutes away. now we have two dow components in the green. j&j and home depot is adding to that little bit of festivity here and the rest all in the red. we are going to go special free after this last break because what we see on a friday in the final minutes of trade is an acceleration to the downside or perhaps some bargain hunters climbing in.

finally, costco. of beef and chicken is going in the right direction? it is going down supply chain problems are getting better look the ceo in the eye and he tells you the things, you know the situation is going to improve, not get worse for the american consumer and therefore problem for the american stock market it's exhausting to get out of town but stay in new york means you stay ignore rant our trip to seattle was a cornucopia of knowledge. the big ceos are the generals, the costcos, starbucks, expedia, amazon are foot soldiers and i trust the folks in the trenches much more than their armed chair leaders. i like to say there is always a bull market somewhere and i promise to find it for you here >>> working on the railroad, all the live long day. so they said i'm tyler mathisen in for shepard smith. and this is "the news" on cnbc >>> bracing nor a shutdown a railroad strike chugging closer travel and supply disruptions already underway tonight, the race to avert a national crisis. >> the city w

. >> plus, how costco's doing its welcome back for your money this afternoon.d record inflation and rising food prices, costco is making a promise. >> to its members, the wholesale giant has pledged to keep its hot dog and soda combo priced at one dollar and $0.50, maybe forever. costco cfo richard galanti says the business's success in other areas such as gas and travel. matt, they could afford to keep the compost price unchanged if adjusted for inflttion, experts say the meal would be worth $4 and $0.11 right now. so costco, thank you. american factoriesm are booming as demand for products sores. american manufacturers cut 1.3 million jobs in spring of 2020 due to the pandemic. but as of last month, manufacturers have added back about 1.4 million jobs. the histories seeing heavy growth include food beverage furniture, cars and pharmaceutical plants. analysts say more companies want to keep production here in the u.s. to cut down on shipping costs from overseas. there's also federal requirements that some factories used parts made in the u.s.. president biden

a profit warning last week is what sent it off the cliff there a week or so ago costco is down despiteeat. operating margins came in slightly below consensus and the company said it had no immediate plans to raise its membership prices there you see a falloff in costco look at that, wow, over the two days, i guess it's a two-day measure there, down 18% right now. my goodness. so speaking of costco, it's holding up even though the group is on pace for its third straight negative quarters, there are standouts in the class this year and dom chu has the names in sectornomics. >> a third straight negative quarter, perhaps, but also the third best-performing sector so far in '22, despite the fact it's down 10% on a year-to-date basis, that's better than the 23% that the s&p 500 is currently down right now if you look at the overall picture, it is about the relative performance of those economic staples if you take a look at the leaders and what's been happening and what's been driving that trade, take a look at some of these over here lamb western, archer midland, general mills among some of

and that continues to play out also noteworthy were the costco earnings, which were very different.e're seeing a lot of preannouncements, negative preannouncements, they're coming from industrial companies, chemical companies, materials companies. they're coming from ge and fedex and the like, the industrial part of the economy, but the consumer-facing part of the economy, at least here in the u.s., still seems to be pretty strong and resilient costco was trading lower this morning but they had 14% comps, right? and they grew revenue, i think, 17% for the quarter. >> some of the comp numbers we sort of know because of their monthly reporting, but they did have some encouraging, at least, color on inflation, light at the end of the tunnel. our buyers are seeing a few examples are prices are coming down, starting to see things go in the right direction again it's fascinating because the underperformers of the last couple days, macao gaming, online travel, airlines, lodging, maybe there's worries about even that shift in danger now. and by the way, oil below $80 today for the first tim

. >> we have an earnings alert here on costco shares extending the losses from today's losses despite beating revenue estimates for the quarter. courtney reagan is here to take us inside of the numbers. >> putting up another steady quarter. as you note, shares are down more than typical in response to the results. comparable sales grew 14% for this 16-week quarter up nearly 16% in just the united states if you exclude -- if you pull out that region e-commerce is up more than 7%. gas price inflation is responsible for about positive 3% of that total comp growth membership revenue grew 7.5% over last year and renewal rates hit all-time highs, more than 90% for worldwide renewal rates and higher in the u.s. and canada at 92.6% and on the call just now richard said there are no plans for a membership fee increase at this time. sam's club did just announce an increase gross margin excluding membership fees that was 10.2% operating margin 3.5%. both relatively in line with consensus and inventories of about 26%. some of that is likely inflation. going into the report, stifle jeffrey and ban

. >> reporter: how an 85-year-old man says he was followed home from costco and what the thieves were after. >>> plus, we investigate another death at an assisted living facility a day after a deadly poisoning in san mateo. >>> donald trump and the maga republicans represent extremism that threatens the very foundations of our republic. >> president biden in attack mode. what political experts say he was trying accomplish. >>> good evening. we begin with the dangerous heat settling in across the bay area and the disruptions it's already causing. tonight we're being asked to conserve power for the third day in a row. another flex alert has been issued for tomorrow. the state power officials concerned about the increased strain on the grid as more people crank up those acs. the heat is her causing slowdowns on b.a.r.t. the transit agency warning of delays this afternoon and evening due to warm weather conditions. and your labor day weekend plans may be changing. one local fire department is asking cities to close popular hiking trails to keep people safe. there's a lot happening, as we

reggie: what costco said about potentially raising the prices of it beloved hotdog combo. streaming at 7:00 a.m., talking with a former contra costa county investigator who helped cracked -- crack the killer case. jobina: good morning, everybody, starting with a live look into walnut creek showing six 80 traffic is filling in. speeds pick up right around 24. the bay bridge toll plaza really crowded, metering lights on. traffic backed up to the maze. drive times have been pretty long. tracy to dublin, we had a crash earlier. one hour six minutes for your drive time and antioch to concord, -- i want to update you on the major crash in sonoma. it has cleared on state route 121 at circle bar branch road. dublin, this is what i was referring to, it is in the process of clearing on westbound 580. drew: we will get you the latest on hurricane ian. it's all a major category three storm with wind of 120 miles per hour. the eye about to move into the open waters of the gulf where it will strengthen. the latest track will have it strengthening to a category 4 today into tomorrow morn

>> costco. i like the stock i'm not as crazy about the valuation, but here's the thing.call spread risk reversal, especially in high voltity environments at the least you're going to get nearside exposure, but if you're going to have to stock put to you, you're going to have a lower level. i might be looking at more of a 420, 470, 500. >> our next tweet asks, what is the lng chart doing? carter >> it's doing great simple exercise find all stocks making new 52-week highs and all-time highs. it's a simple group. lng is that group. i think you buy the dip. >> do you like lng, mike >> i do. i like the natural gas names in general. this is an area that is one of the few that has room to the upside. >> we have time for one more tweet. here it goes this one asks, amazon calendar put spread from a few weeks ago is in the green now. do we close the trade out near the 52-week low? mike, your take? >> i was selling some of my amazon puts today, and part of that is not because i think all the damage was done, but i was pairing my long positions. sometimes it's nice to offset losers

for costco, we know it's a strong discounting retail environment.the market is looking at whether or not they'll raise the membership fees like sames club earlier this year. last time we saw this was 2017 and costco tended to raise their fees for membership every five to six years. people are wondering if it's a 10% increase or how much higher they'll go. ashley: it'll cost you more money for the hot dog. >> they're not raising prices on hot dogs and drinks, staying at $1.50. ashley: thank god. stu would have a fit. the dow is very muted this morning, down just 12 points or thereabout at 30,165. the dow winners six minutes into the session, sales force. we talked about them. chevron, caterpillar, merk and dow all modestly higher. s&p 500 winners, energy names. we've got freeport, sales force again, valero energy all moving up 2 or more percent. the nasdaq winners there as well, alphabet up half a percent and russ stores up half a percent and cognizant tech solutions up sixth tenths a percent. ten year yield and see where that's sitting this morning

costco is actually in positive territory today despite a price target cut by analysts over at raymond james. now, the firm did reiterate a buy rating on the stock, but those gains come as some investors and analysts speculate over and when the wholesale retailer will raise its membership fees with analysts at guggenheim predicting it will come some time in the spring costco chief financial officer said on the earnings call just this last week that it's a question of when not if the club will raise membership prices nonetheless, those costco shares up 3% on the day ty, back over to you. >> dom, thank you, sir. >>> tech stocks coming off their worst two-week stretch since the pandemic and the strengthening dollar causing some tech titans to make changes. steve kovacs has a breakdown of the move as we head into the fourth quarter steve, a lot of these big tech companies this do a lot of business overseas, they could get nicked a little bit. >> that's right, tyler they have huge revenue exposure overseas let's break them down name by name, starting with apple. we know how apple is combati

>> costco, index name.i like the stock i'm not as crazy about the valuation but call spread risk reversal especially in high volatility environments like we find ourselves right now you're going to get near up side, and i would choose lower strikes, though i would be looking more 420, 470, 500 >> our next tweet asks what is the lng chart doing, carter? >> it's doing great. i mean if you use a simple exercise find all stocks that were making new 52-week highs and all-time highs in the last two weeks when the s&p has been dropping for six months it's a pretty small group. lng is in that group it's already down 50% from that high two weeks ago i think you buy the dip. >> do you like lng, mike >> i do. i like the natural gas names in general. i think this is an area that one of the few has room to the up side >> all right, we have time for one more tweet so here it goes this one asks amazon callerder put spread from a few weeks ago is in the green now, do we close the trade out near the 52-week low? mike, your

>> costco. holly index name.he stock i'm not as crazy about the valuation, but here's the thing. call spread risk reversal, especially in high voltity like we find ourselves in right now. volatility environments at the least you're going to get nearside exposure, but if you're going to have to stock put to you, you're going to have a lower level. i might be looking at more of a 420, 470, 500. >> our next tweet asks, what is the lng chart doing? carter >> it's doing great simple exercise find all stocks making new 52-week highs and all-time highs in the last two weeks. s&p dropping for six months. it's a simple group. lng is in that group i think you buy the dip. >> do you like lng, mike >> i do. i like the natural gas names in general. i think this is an area that is one of the few that actually has room to the upside >> all right we have time for one more tweet, so here goes -- this one asks, amazon calendar put spread from a few weeks ago is in the green now. do we close the trade out near the 52-week low? mike

a bay area man says thieves followed him home from costco. in his own words, the valuable item he believes they were after. >>> and another death investigated at another senior center run by the same company, now under intense scrutiny for a deadly accident. the new details our investigative unit uncovered. >>> stay indoors, stay cool, keep your animals hydrated. >> the extreme heat settling in for a few days. this is "today in the bay" streaming live on roku, amazon fire, apple tv, and online. >> here we go, friday morning. welcome. 4:30 right now. i'm laura garcia. >> and i'm marcus washington. we're going to get a look at the commute coming up in a little bit. vianey is in for mike. we have to talk about what i really don't want to talk about the heat. >> we want to make sure people are prepared. it's going to start to heat up for tomorrow. a live look outside in san francisco, the fog is what's really protecting the city and the coastal areas and keeping it much cooler there as we get out the door in santa rosa, it is 50 degrees and also

. >> plus, the city police chief tracy says the 3 suspects followed the victim home from costco. some sort of jewelry rooms where they put on victorian takeoff. realtor worry. >> he didn't allow that to happen and when costco, when he came back out here, they followed him home to people jumped out of a white chevy tahoe. one person held him while the other person. literally ripped his rolex watch off his wrist. >> while the suspects were making their escape. one of foster city's 20 flock technology license plate readers recorded the alleged vehicle used in the crime. that plate was then in turn into a nationwide flock safety hot list. 24 hours later, that same license plate reader technology spotted the vehicle in california. officers there made the stop and arrested 3 that 3 people that were arrested were alexandra. >> georgie, 18 years old. no address. cao, make less to 22 years old out of spring hill, florida and a quest to 30 years old out of sacramento. chief tracy of lives says since the license plate readers were installed in november 2021, the cameras have played a key ro

. >> plus, the city police chief tracy says the 3 suspects followed the victim home from costco. he was initially confronted. they're trying to wpdo some sort of jewelry rooms where they put on victorian takeoff. realtor worry. >> he didn't allow that to happen. and when costco, when he came back out here, they followed him home to people jumped out of a white chevy tahoe. one person held him while the other person. literally ripped his rolex watch off his wrist. >> while the suspects were making their escape. one of foster city's 20 flock technology license plate readers recorded the alleged vehicle used in the crime. that plate was then in turn into a nationwide flock safety hot list. 24 hours later, that same license plate reader technology spotted the vehicle in california. officers there made the stop and arrested 3 the 3 people that were arrested were alexandra. >> georgie, 18 years old. no address. cao, make less to 22 years old out of spring hill, florida and robert mccleskey to 30 years old out of sacramento. chief tracy of lives says since the license plate readers were

tomorrow for example, we're seeing the ceo of costco we know for the travel trust costco is doing an incredible job holding the line on food c costs. it's a gigantic retailer it's not going to be good. but creative consumers can avoid the real bruising prices by becoming a member of costco. not so hard. there is like 100 million of them how about wage inflation this is the stickler that's something the fed can and must deal with although they have to speed the needle to excessive layoffs and excessive wage increases that's why jay powell should hit us with another 75-basis point rate hike and follow up with a 50 basis hike in the meeting in early november if wages don't stabilize. that's nirvana people. it's not like we're making no progress we know the biggest driver here is what i call the job hop we've had a severe labor shortage in this country courtesy of covid so it's nuts the bears want to harp on both inflation and layoffs. because layoffs will put an end to job hopping and tame wage inflation. so many jobs are being lost at busted ipos, spacs, the terrible v.c. world and pos

it's costco saying, okay, this is our chance.verybody raise prices, now if you want to be in our stores, we have very few skus, if you want to sell in costco, you roll back and if you're a supplier, you do want to sell in costco, because it's a hundred million members so, follow them, not follow jay powell >> we didn't really touch yet on what zuckerberg told employees about restructuring teams, freezing hiring, the fact that he had expected maybe the economy to stabilize by now. if anything it's gotten worse. >> i thought it was interesting because if you remember in the last conference call, he said, it's going to get worse. so, then, it got worse, and i was surprised to hear him say, well, it got worse he lowered the boom. in my conversations with the company, i made it very clear, if you're going to start your conference call by saying, the worst is yet to come, that doesn't give us a lot to say positive about your company. so now, we have the worst. and yet david, whatsapp. that's a $10 billion company let's do something wit

yet costco bested wall street estimates yesterday thanks to strong demand for its fresh food, candies gasoline. the last one being away for people to save this summer as prices at the pump surged costco benefits from loyal members who can budget to spend more at once and buy in bulk, but even costco is not immune to inflation. scp bob nelson says that membership rate hikes could be coming in the future in new york. i'm madison alworth fox business. this is ktvu fox two news at six. we're following breaking news tonight a deadly shooting during an attempted robbery of an armored truck in oakland. one person is dead and police are now searching for the suspect. police say that was the 92nd homicide in oakland since the start of the year, and it follows a string of deadly violence this week. good evening, everyone i'm alex savage cristina rendon. this shooting happened at about two o'clock this afternoon at 44th and international in the fruitvale district of oakland, ktvu. elissa harrington is live at the scene and alyssa what is the latest information from police? well you can see there

customers didn't notice what costco says.will not raise prices for now on its membership fees or the famous $1.50, hot dog and soda combo. costco has high prices on some things over the last year due to inflation. but the company promised to keep those 2 main stays consistent, at least for now. and mortgage rates reach the highest since august 2007, the 30 year fixed rate mortgage average 6.2 9% this week according to freddie mac a year ago rates for 2.8, 8 and fedex will re shipping rates by about 7%. is it combats a slowdown inflation? one of the things that it is dealing with, especially fuel prices. so it's trying to offset some of those higher costs. live from the nasdaq market site. i'm jane king back to james right. jane, thank you very much. i'm glad they're not up in the price on the hot dogs, a costco. >> i love those. thank one your local election headquarters to in just days after the chair of the california republican party talked about how the parties >> reaching out to voters. we had the same questions for the

but even costco is not immune to inflation.ld be coming in the future. in new york, foxbusiness. mike: football seasons well underway. keeping players say from heat stroke is huge party for teams across the nation whereby next guest hope hits new mouthguard will warn coaches and parents for heat related issues. curator of thermal pack mouse show owner of garber's dental associates joins me now, george welcome her. >> thank you for having me. mike: how big is a problem with athletes and why did you get involved? what is a pretty big problem. first off i have an interesting perspective with us. i am a dentist, i am a data been a coach for over 20 years. i have seen heatstroke come icing injury i've seen a lot of different things in different elements. it's a pretty big problem but currently cdc says 9000 athletes are taken off the field due to heat stroke or heat related illnesses. over 30 athletes in the last 18 years have died that's collegiate athletes from football from heatstroke. that is almost to a year. it is a big proble

when it feels like, when you buy that next stock whether it's home depot, costco, and mlp, pipelines,ur stomach that you're putting in that buy order it feels so wrong its got to be right, because you remember times when the market has gone way up as you mentioned and you mentioned with belski before last name basis with me and brian, oh, first name, it's like the market goes crazy on the emotional side as you noted charles to the upside and it feels like there's no way. we can't sell this. the stocks going to the sky. it's similar on the downside, my friend, where the emotional take over of your almost visceral reaction to buying stocks, as it is today, and probably will be on monday or tuesday, that's when you've got to jump in and start legging in with some of that additional cash to names that you like that are strong, tried and true, good balance sheets, dividends et cetera. charles: it's ironic because people think about how they feel on the euphoric end of that it's right. everyone feels like okay its made a big move, we're here, and there's a couple guests i'll short change bo

in focus today, we will get a report on jobless claims and earnings from costco.americans are just starting to feel the impacts of the higher interest rates in the last six months. the average apr on credit cards have gone from 16% in march to about 18% now. wallet hub says with the typical household carrying a balance of $8,900, and the monthly payment on a $400,000 home is more now than in march. walmart is launching curbside returns in early october, and some club members will have returns picked up from their doorstep. >> a lot of people looking for ways to trim here and there and make extra money. >> absolutely. >> absolutely. >>> only on nbc have you seen my new phone yet? it like, folds in half. i would never switch to samsung, i love my phone. what??? ♪♪ (...it folds in half.) you see i love my phone. i would never switch to samsuuu... (gasping) ♪♪ >>> a good thursday morning to you. it is the 4:47 right now. taking a live look at the bay bridge toll plaza. mike will get us through that, and until then, let's get to the forecast. >> we are going to welcome

there's 2 ducks that are some costco dressmakers, given a solution that was will collection. there's a switch now. oh good. it's a gives us, diane, you up to the a moment. it did just to stop. he just did it was a homeless now. i'm on. i missed a some welcoming still my with the blood with sun that on there you go. that's with they show me or send me choose any minus. yes i'm us before when i'm not sure when somebody but i take a funny to share store. can you me put a fishy? i use a border. yes, that's all between them. if i want to go to them, you know what a sure, huh. no older. so just collect a just to put that on a conventional and you're just a newer version. a with some a looseness. yeah. pretty much the estimate of impression is much the anymore. i mean, yeah, okay, lemme encoded. don't get the bill. i just got home. i'm your photo id with a with similar kind of a sudden interested question a. 6 sam can have a nuclear because i'm a block i live, a budget is pretty busy and i'm scared with really it goes with cbre with the city. it's because it's like you can literally

correspond benyamin, otherwise goober is to leon and is watching this very closely and you'll still to costco vogue. but tell me this would be a dramatic shift away from chiles dictatorial past. why the opposition, while the position for some of them who are against that they say that especially reforms when it comes to the political system in the additional system go to fall only to name one example, the new constitution. the proposed constitution would replace the senate and have another institution and they look at market it instability, they say who will pay for that, which is that in the report. so some of them are saying that it takes too much effort on the indigenous population. so one of the important things of the social rights that we have are on the indigenous population eligibility cues on women, on environment for some of them goes too far. but is it's mandatory this voting today. so i will be careful with polls. there might be surprises as well. yeah. so there are groups in society who think that they'll be disadvantaged by this. there are also business interests involved as wel

it's gilante it's ko costco so, go to costco, and you'll get the prices previous to the pandemic youet prepandemic prices so kashlgscarl, i think it's imt to recognize that some companies like costco have more clout in the trenches than jay powell >> yeah. b of a's ngot an incredible chart. aven avocados off the highs pork down 24%. hogs down 16 beef down 15, jim. those retailers are trying to preserve some margins, you could argue. there's a lot more to get to today -- >> the guac's the same price we have to look into that. >> we'll talk some biogen soaring on this alzheimer's drug news we'll talk docusign. don't go away. power e*trade's easy-to-use tools like dynamic charting and risk-reward analysis help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunities in the market >>> biogen is soaring. the company and its japanese partner saying their experimental alzheimer's drug dramatically slowed progression of the disease in a see the, retusing cognitive and functional decline by 27%. we've talked about what a tough nut t

>> yeah, i am it the needle starbucks, costco.y, amazon web services i don't know if you know those guys, part of amazon and then expedia, which can help you book a trip to mars. probably far away. >> in a largely positive take but the nasdaq up over 0.5%. did want to mention twitter is down 1%. elon musk's lawyers, they don't stop you got to give them that. they just keep coming. october 17th is when we're going to trial in delaware that is not likely to change at this point but they did come with the latest of what has been, you know, a series of termination letters, essentially this one was dated, what, the 9th of september saying, hey, you know, you entered into a -- a severance agreement with the whistle-blower, zatko, without gi giving musk notice and seeking his consent which he asserts is an incurable violation of the merger agreement of course, we have a response as well from twitter, which says, yeah, we don't agree with you. you know, i don't know, jim. i mean, we saw this figure into a small deal earlier this year wher

still to come, what costco said when asked if it would potentially raise the price of its hot dog anda. reggie: then the potential spinoffs coming to jeopardy and why future contestants might be familiar faces. drew: i bring you the latest on hurricane ian. it is still a major category three storm with wind 123 miles per hour and there is the eye moving through western cuba and about to move into open warm ocean water where it will strengthen over the next 24 hours. latest track later today will become a major category four storm increasing to 140 miles per hour and then all eyes are on the gulf coast of florida, specifically tampa where it makes landfall early thursday morning as a category three storm. not only wind but rain is a huge issue with the slow-moving system. rainfall through friday with areas in tampa bay to exceed 10 inches. even places like orlando could see seven to 10 inches of rain from the storm through the end of the week. back at home it is quiet. cloud cover giving way to sunshine and a comfortable day later on today. sunny skies and temperatures close if not bel

>> it's the one costco sells. >> who can argue with that and with so many stories to tell and so many lives touched. one ask of her biggest legacy would be being a park ranger. >> now it's having this school. this has been the most wonderfug that has happened to me. because because i know that i mattered. the white kick from cosco. forget all those fancy cakes she cakes she knows. she knows . it's really hard to keep track of all of her accomplishments in in 1995 she was named california's woman of the year >> she's made it a focus of here to share the histories of marginalized communities who often get forgotten. we will never forget her. >> she still with us to impart her amazing wisdom. track of h checking in with her. >> she's an amazing woman. a bay bay area animal rescue is packed packed with dogs of a particular particular breed and the staff says a popular tv show is likely likely to blame. >> a bay area man was supposed to be sentenced today to bomb democratic targets of >> u.s. embassy is telling all americans to leave immediately as russia starts drafting people people to f

. >> costcos is doing the $1.75 jumbo hot dog i think. priced low relative to competitors? >> well, if you're talking about costco in particular, buying wholesale you can save up to 40%. that's a big deal. if you have a wholesale club membership, now is the time to use it. be mindful especially with food to avoid perishables, you don't want a big container of greens and have half go bad. pasta, canned goods, i'm all for it. maria: i do that all the time. buying clothing, tips. >> buy end of season if you can. right now if you can think forward, stocking up on summer clothing. you can obviously wear the warmer weather clothing a couple months into the fall as well. but everythings' on clearance right now and then i would also say bayoused, sometimes -- buy used. thread-up online is a good place to buy secondhand, goodwill, salvation army. you may like fancy things. you can find bargains at these stores. maria: electronics and cable, streaming services. >> those are recurring. you can get stuck in those high prices especially the bigger pla

costco is a little expensive i would wait for a downturn. these are stocks that are defensive. they should hold up on the revenue side given the economic environment we may enter into and still for a long-term investor have dividends. there are reasonable places to put money in the stock market which is a risky asset class given the backdrop that may occur. >> i know you're not a fan of cash because of the rate of inflation, however, there are a number of money managers that think this is a safe place to hide we could retest the lows we saw at the beginning of summer do you think for longer term investors this could be a place to hide for now? >> well, cash is earning you negative 8% or 9% right now. i think you can do boater through a diversified portfolio. i think it depends on your liquid needs, how safe you feel, et cetera, et cetera if you want to stay invested then i think can you do that at a rate that may see the cost of holding cash at the moment while still being liquid short-term treasury funds, for example, we run one. it's a negative 1% 1.5% you can manage risk and

given us loose from your phone with bloomberg most but it's, you know, those are the can you see the costco? so think along the cash market, those one was shocked at the, at the move on to q. when the hope office was it was vision, you know, for sure. the motion for the 3rd go to the full this in the have it in a yes. where you offer was 30 yeah. who was wanting with them, but i did i, when you're still she'll but alex no will have symbol. he will know who has insurance of thought. and in this nation whom i saw one, show me how to use it, then we put synthetics, engineer what's lost, and it'll go a little bit. when you start we will show it. he would cello linna seagly about the lawn still, or thought that though some was thrust there. sure, a middle initial to appear that ah ah, tis machine. he looked up at keystone. my bill is all new. the hoodie to the front here, the condition you moscow. girly or a swimmer, or kiss through no one us washington, you know? yes, you are near her school, which they are a years, but he is new. there should be a new product yet. turbo motor, plenty of stomac

she does cash, call it a private in my school with the up of the bill was costco boston. i put in your credit guy. she wrote your something more that was cleared the zach windshield, but she knew of high custom, which she shook with puerto ears, stuck in the choice where at the 6th grade, ah, i still got his system. on the friday, it is dealing with the actually i usually see the phone. this is for taylor chandler project. i bought it, but that's when i took them for tea. a bloomberg was stopped by the store and i did to mr. so there's, don't talk about crowds says all store, you know, it is that it's cut out a me up chaise. doris brushwood says not. okay. come with a start. my thing is who steal is this to little bit, actually steal them all. we have the pre jealous, but sure with that the you are doing a blow as mortars even to start on the when i see the yang, you must put it was his or her deal. dumpsters homer's him leap, which my daughter could other. he's a quarter. he her so they do shave soon as you see the additional with aim, which is i just a thought thought t

loan was costco . just getting a continual credit. i wrote you a something more that was the at the back windshield, which senior pride cosca, which he shook with florida e. stuck in the choice where the ship schedule ah, stuck. i press his system when he's done, i did sir. is dealing with ashley. i usually don't assist with caterpillar i bought it, but that's when i took in the us for tea. a bloomberg was stopped by the store and i did some research. don't look it up. cro it says all store you know it is that it's cut out a me up chaise. doris brushwood says not. okay. come with a startling thing since his deal is, is to little bit actually steal them all. we have the pre jealous but sure. with that, the you are doing a blow as mortars even to stormy, but i see leon, you must put it was his. i had you, dempster waterloo, so amazingly which my daughter could other he's like a water. he what they do, shave shows you see the reasoning with a motion. i just thought the thought that he tomorrow, cuz know when i'm supposed to start bringin

those are the can you see costco? so thank you. my long the gosh. monitor was shocked at the at the move on to q when the unfair hope us to discuss with you with the vision, you know, for sure. the motion for 3rd go to the full this and all have it in your swear you off the past either here who was want that with them, but i when you're still she'll but alex now will have symbol. he will know who has insurance, of course, and in this nation wide, so she'll know how to use it. then we put synthetics, engineer what's last night. oh gosh, a little bit. when you start, we will let you know he or cello, linna, seagly about the lawn still, or thought it out somewhere scratched there. sure. a middle initial to appear that ah ah, tis machine he to death t sto. my bill is old man. you the who you to the front here, the can you show numerous curly or as with kiss through no one us. what nice here. a new new a school which we are used by his new there shortly named for it to burn with burnett up stomach castaneda. bertha parker, jones of sure