one thing i'm looking at in costco would be selling a put. taking in premium. short dated, because i think premiums are somewhat elevated, but we're getting so much movement in the market, it's a dangerous time like i talked about. we could see pretty big moves in the market costco is one name i'm looking at november, when i look midday, that was trading for 9 bucks to break even to 66 downside. i have to be willing to own costco, but this is a way to allocate to consumer staples, take in premium. when you look at that, that's almost 2% premium return on your money in two weeks that's pretty big. i'm keeping it short dated carter can speak to the technicals they don't look great for the stock. i'm staying short dated. hopefully it stays in a couple weeks, i take the premium in and costco's number up 8% last month, 10% the month before. they're passing to buck to consumers. i like that. can feel fundamentally good about it option somewhere if there's one place to do it, it would be consumer staple type names. >> what do you think of the chart, carter? >> brian r

brian, what are you looking at >> yeah, costco is one of those bulk names and consumer staples is an area we've continued to rotate overweight as we enter this bear market over the last half year so one thing i'm looking at it in costco is selling a put i think premiums are somewhat elevated but we're getting so much movement in the market it's a dangerous time right now like i talked about we could see pretty big moves in the market costco is one name i'm looking at break even for 66 or so on the down side. below there i have to be willing to own costco, allocates consumer staples and take in some premium that's almost 2% premium return on your money in just two weeks, so that's pretty big, and i'm keeping it short dated because carter can probably speak to the technicals they don't look so great for the stock right now. hopefully this stock stays in there the next couple of weeks i'm taking some allocation for consumer staples, and costco up 8% last month, up 10% the month before so they're passing the buck onto consumers. i can feel fundamental about it. if there's one place to do

costco is one i'm looking at. when i look today, that stock is trading for about nine bucks, so break even for 66 or so on the down side. so below that, i have to be willing to own costco. but this is a way to sort of allocate the consumer staple, taking some premium, now, when you look at that, that's almost 2% premium return on your money in just two weeks. so that's pretty big. and i'm keeping it short dated because carter could probably speak to the technicals. they don't look so great for the stock right now. so i'm staying short dated. i take the premium in, i've made some sort of allocation on consumer staples which i like as a sector in total. costco up 8% last month, up 10% the month before. so certainly they're passing the buck onto consumers. i can feel good fundamentally about it. take it in. if there's one thing to do it, it would be consumer staples. >> what do you think of the chart, carter? >> well, brian sort of referenced, it's heavy. it doesn't act well. i think we have some charts here, and we

now the road most recent example of that's a chinese states shipping giant costco, buying a steak at a freight terminal in the port of hamburg after hefty political wrangling. costco was allowed to acquire a ford 24.9 percent stake in the terminal critic say, china could use the 2nd largest port in europe as a political weapon. transfer all of shawls over ruled a position from 6 coalition allies and ministries and national intelligence service and allowed the move to move forward. it's a tough call. china is the port of the port of hamburg, most important trading partner counting for nearly 30 percent of the container. throughput it provides thousands of jaws, but calls for less dependence on china. our growing the med dad or i spoke to actually my turn port of hamburg marketing seo. and i asked him how concerned he was that the german government is warning chinese investment and ports around the world could be used for the military. this is something where we have to be concerned about in general, but looking into the example which we had in hamburg, which we have in hamburg having

so we are not relying on on costco, for example. so there is others like lloyd, like m a, c, c, m a c, c m, which are deeply involved in transport of all the containers worldwide. it's an international business. it's done. there's no trade. so we are not dependent in this respect on, on one customer, i come at an head of port of hamburg marketing. thank you for thought. thank you. and now to some of the other global business stories making news. germany largest trade union has agreed to a new employee deal with wage hiker totaling 8.5 percent over the next 2 years. the deal covers almost $4000000.00 workers and allows employers to avoid for the strikes. talks are closely watched across germany where inflation above 10 percent has been eating into people's purchasing power. chinese regulators have given the green lights to a new video game from $0.10 companies 1st approval in the past 18 months. consent was at the center of beijing's recent crackdown on tech companies when regulators urged close or scrubbing of politically harmful co

like costco, to develop these plans. i mean, we have been in contact or we have cosco as a client in hamburg since 40 years now. so we are pretty much aware of we are talking to, to whom we are talking to and we have a very relationship which is very trustful, to be honest. and we are talking not politics. here we are talking about handling containers, which are heavily needed to, to run the, the german and european economy apparently. so we tried to, to fulfill a duty which is which is handling of container at the end of the day. not more. and so we are pretty reluctant about any kind of stress tests with chinese company because the companies are on the duty to fulfill their duty in terms of handling containers. transporting, doing logistics, trade with china is the most important business of the hamburg port. now, higher costs to be less dependent on one big customer need to be taking into account. the chancellor says when it comes to doing future business, what's your take on that? when we, we, of course we have more

i'm a big jewelry shopper at costco i buy caviar at costco that actually has 50% of their customers are above $100k there. so don't count that out as an idea >> you count costco as part of the luxury sort of category? >> i think costco has an amazing premise. and all people love value. and costco is a really fun treasure hunt. they are one of the biggest fine wine importers they're also one of the biggest diamond retailers. and their quality is second to none and they have a fixed margin so you're getting a great deal no matter what it's a members only model. very well thought of merchandising organization, premium jewelry. >> darling, i got it at costco >> he bought it at kous co doesn't have the same ring >> tiffany is part of lvmh, and diamonds are a girl's best friend really thinking about value and this treasure hunt i like them both >> well, scott, let's talk about the -- i mean, i love our headline on this story, bougie versus bargain are you more of a fan for bargains going into the holiday season >> i think, by the way, costco is one of the best retailers out there. so you know

brian, back to you. >> costco and tjx, jim all right. you very much. >>> well, speaking of retail, one thing is clear, brick and mortar it is back in a big way americans want out and they are hitting the malls and the outlets in a big way let's talk about it more with ceo of tanger factory outlets. steven, good to have you back on again. i'm looking at your latest earnings call notes. there is a lot of jargon i didn't understand but overall looked positive. >> well, here, i got a couple things that people understand. we raised our guidance we've got an optimistic look for the holiday shopping season that kicks off on friday. here is a news flash it kamala harrised off in october and we've been seeing traffic starting to build in our sh shopping centers since then. >> can you give us an idea on the traffic levels i mean relative to the before times. >> well, sure, i mean, if you take a look at 2019, which was a good retail year, we're still doing better than 2019 last year, happened to have been an outstanding year and we had stimulus we

why would the government block the steel when it just greenlit the sale of or oriented allowed costco to buy into a terminal at the hamburg? well, it might actually be because of that deal. there was a ton of pushback as the deal kind of got revise and move forward last week. and it might just, frankly look bad for berlin to look like it's giving another thumbs up to another deal involving china to out involved with what some might call critical infrastructure. so this might be a situation where because i deal with so controversial politically, both internationally. the us even weighed in a little bit and domestically that this deal with silex and almost may i get the get the job. we have to say though, that a final decision has not been made public yet the german cabinet, the got, the cabinet is likely to decide on wednesday on that cassandra santos, date of the business. thank you. $738000000000.00. that is the massive size of the inflation reduction act with it. the biden administration in the united states wants to, among other things, boost the production of electric cars and bat

through the sale of a almost 25 percent stake in a hamburg port terminal to chinese shipping giant costco. now the company looks to sale, looks like it would be prohibit it did every business voter, cassandra son is here to give us some more insight. cassandra, tell us more about l moss. this chip maker, and what exactly is at stake? well, you've aligned it pretty good so far, but let me elaborate a little bit. the drama really does start last year. at the end of 2021, it looks like the sale of this unit endorsement in the west of germany is going to go ahead and the company had announced his intention to sell the production of the so called wafers endorsement to silex for a total of about $85000000.00, but this swedish company was owned by the chinese side group at the time. almost management was saying that it was pushing for the sale because it needed an outside investor to secure the future of the site. and it was under these conditions then initially it looked like the economy ministry was going to approve the deal. and for once the chancellors and the economy ministry seemed like th

stuart: sam's club, try to take on costco's famous dog soda combo and close to my heart, what is sam'sonly will cost you about 38 there, that is less than costco where hit is a dollar 50 and i know you like this but i did not know that it was a dollar 50 at costco since 1985 in his legendary and not touching her matter what the hotdog inflation, hit is up 15 percent of prices in the past year. stuart: it is called a loss leader and you come on in and you get your dollar 50 for whatever it is a hot dog in your soda and you go out to you by 400 bucks worth of stuff. >> so that's one guarantee life, that the hotdog costco is going to be a dollar 50 and dollars 38 is sam's club. stuart: still ahead, general jack keane, laura trump, and byron yorky, at the 10:00 o'clock hour of varney & company is next. hi, i'm karen. i lost 58 pounds on golo and i've kept it off for over a year. it was so easy that the weight just kept coming off. that's when i knew that this is real. golo works. i still can't believe that i look like this. (kari) i just switched to verizon business unlimited. it is just r

i don't know yes, it's been wrong to sell costco over the year i wish we had a ten year of costco, ayear of costco >> we can do that for you, jim it's the magic of television look at that. >> there you go. look at that david, look at that. it's so right on the 200-year moving average. >> that is really beautiful thing in terms of wealth creation >> you want wealth creation? look at bank of america since the -- bank of america and jp morgan are huge winners along with wells. >> not over the last ten years. >> no. but bank of america, everybody who is levered to rate hikes is crushing it. >> that's not bad actually it's better than i thought. >> it's all right. >> i know. >> neither one is as good as costco look at a ten year, tesla is going to crush those by so much. but today the stock is down about a percent and a half. >> what is that? >> i don't know. do you think there's any concern amongst tesla shareholders all the twitter stuff? for all the twitter -- just the focus that it's requiring of elon musk. he says he is working 120 hours a week seems virtually impossible but he's upp

we have got $36, $45 costco.till has the $5 rotisserie chicken. >> no needs turkey when can you have chicken. perfect. i want to say when you are making these different items for thanksgiving. charcuterie boards are popular i showed you last week how to make it. people like prepackaged. >> ainsley: easier but more expensive. >> man is it expensive. that was 9.95. >> steve: what? >> it was. this is only 1.50 a block. obviously just simply. >> steve: cheese keeps. chop off your cheese and put it on the tray that way. you will save a lot of money. >> steve: ultimate way is when somebody says hey can i bring anything? absolutely. pot luck. >> why are you being the hero of your thanksgiving. >> ainsley: stressful and expensive. get everyone to bring something. >> no one gives you a big enough pat on the back. brings wine. >> ainsley: what do you want me to bring. >> brian dropped off the potatoes i said mashed. he dropped off a bucket of them. >> steve: and the pie. >> steve: more information saving money carrie reill

sean says she quickly earned the $60 annual costco membership back.t. but she shopped less often. the biggest savings, she says, is buying meat in bulk, but you've got to have the storage space and over the course of the year you can really save a tremendous amount of money. if you have the resources to store things, um in your freezer in your fridge or in additional dry storage, not a bulk shopper, not a problem. but sean also compared 50 foods from all departments at trader joe's and stop and shop. again choosing store brands look at the difference, she says. her stop and shop total was $227 trader. joe's was 150 also a 33% savings, but trader joe's works directly with manufacturers, um and producers rather than distributors and brokers. so it kind of takes out the middle man, and that's what allows them to keep their prices low. if you don't have a trader joe's near you points out all the and legal offer similar savings because they we use similar business models. heather sullivan fox news. a lot of people really are looking twice and three times w

today kroger ranks fourth in total revenue behind walmart, amazon costco.nd we compete with these companies to sell groceries. the combined company will remaim at number four. we have worked every day to deliver the high quality products and value our customers want. we operate on razor thin margins for this merger will give us the flexibility, national footprint and digital capabilities to compete more effectively. our commitment is to provide fresh affordable food foror everyone. this is especiallyy important today when inflation impacts so many families. we help our customers save money with low everyday prices, personalized promotions, fuel rewards and best in class branded products. and fyi, a lot of people call private label we call it our brands. this merger will allow it to compete even more. a point i think is especially important is that our business w model this or fundamental business model is built around lowering prices to attract more customers rather than making higher margins on fewer customers. our fundamental strategy is to lower prices,

but every single wednesday she goes to costco to get gas. you can applaud costco, it's great.plause] you know what she does wednesdays? she takes a picture of the line of cars lined up, then she takes a picture of the price she paid. then you know what she does? she texts me, her son. [laughter] you know she says? what have you done about it this week? [laughter] [applause] last week i texted her back, wait until january 3, mom, i'm almost there. [applause] but we all remember what happened in the 1980's. a man got elected by the name of ronald reagan based upon policies. that is what we are going to do. we are going to make our economy strong. so not just america is strong but the rest of the world is safe. when we are energy independent. the next thing will do his -- we will make a nation that is safe. we will secure our borders. we are going to stop defunding the police and fund the police. but a nation cannot be safe if biden is allowed to continue to negotiate with iran. we have to be very clear as the last senator told you. that all changes on january 3. this is a countr

and that wise man's name is rich galantic he's the cfo of costco if you read his excellent conferencee was adamant that logistics was the big battleground specifically shipping and trucking not something i heard from any other chief financial officers there just weren't enough ships to bring the goods we needed from overseas. the ports were jammed. not enough truckers. all this stuff turns out the port situation came down mostly to labor unions taking advantage of the situation. hey, what the heck bankers took advantage in 2008 these guys got a shot, they took it more importantly, though, there weren't enough ships so what did costco do? created its own armada both to ensure they got their own goods but also because they wanted to know the true cost of moving the stuff costco is now demanding that any price increases based on something that went way up during this period but not coming down, uh-uh take it down because they work for the customers. it's why the charitable trust owns a ton of the stock of costco of course the decline in oil prices month over month also helped bring the c

they would obviously be the largest competitor, costco number, two et cetera.e continually -- what we have found is by giving customers better value, using personalized pricing for each household based on what is really important to that household, and passing those savings, that creates more loyalty and we also really focus on fresh foods. that is from a competitive standpoint, where we always try to make sure that we have the freshest product in the market. and then it lasts longer for the customer. >> these commitments that you're making, are those binding? >> from a legal standpoint, sir, i don't know the answer to that. from a business point, that is our commitment. absolutely. >> i can't imagine they would be binding unless it was built into a condition of the approval. albertsons just proposed giving a $4 million -- which dwarfs the 2.8 billion dollars in commitments tied to the merger. why did kroger and albertsons need to merge in order to treat their employees better when it seems like they already have the money to do something? >> regarding the divi

costco selling over size jigsaw puzzle with 60 thousand pieces.ed be solve before the paul pelosi break in, 8 feet tall, 29 feet wide. most puzzling items at costco are the $1 hot dogs, how do they do that? they have maps and places could you can see a guy pushing someone in front of the subway in new york city. a picture worth over a thousand words. the mural sells on costco web site for $599. you can see the world cheap or a carnival cruise. puzzle this s size would takeover 700 hours to solve, spoon feed yourself a 6.6 pound bucket of nutella. >> subway giving customers a free sandwich for enduring middle seat on their next flight or it's a bunch of of subway before the flight and clear out the plane, it is happening november 3, honor of national sandwich day. america's third favorite return item, trailing margaritas and martinis. it is a plane sandwich see the, you a -- it called a great way to sell rate new menu items and seb way felt a kinship with airline industry, their bread can be used as a flotation device, not really bread. >> a video

liz yeah, i can see that -- >> i gotta tell you, the costco right by me in north palm beach is loaded with people every time i drive by there. the place is loaded with people trying to find the best value. liz: well, wrap up one of those gigantic scwugs of, you know, chocolate-covered almonds for me and put a bow on it. [laughter] i am so easy to please. [laughter] burt, it's great to see you, he b b b b b b o o oekd totototm thacntheheheheheseseseettitititi u he correctly, record.dldldlda. i max ceo get. fond has a -- rich gelfond joins us live in studio next on whether he thinks the marvel universe's latest blockbuster can shoot down maverick for the year's top spot. dow jones industrials up 75 points, "the claman countdown" is just getting started. so glad you're with us,. don't move. ♪ ♪ your shipping manager left to “find themself.” leaving you lost. 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 vo: it's a new day. because covid vaccines just got a big update. just in

a lot of the complaints and the criticism that there's been ahead of this visit, it's the at the costco sale, excuse me, in hamburg. and just to remind you as i was the sale of, of a around a one 3rd stake in one of the port facilities in hamburg court to the chinese state shipper. costco, which is being controversial because it's critical infrastructure and the u. s. and other lives have been critical of jeremy selling off this sort of infrastructure. and he give a very terse answer. when he was asked, how whether did the chinese mentioned this? he said, i didn't mention they didn't mention either. i think it just shows how sensitive this is become. i mean, spoke a lot about reciprocity and the need for things going both ways. but there is no way, for example, that a german company would be able to buy a stake in the chinese porch. these kind of things just don't exist. so i think that was this. that's something that really crystallized a lot of the issues surrounding this business. yes, he did come out against on the human rights issues and he did particularly on russia and ukraine as

i say that with some of the difficult near-term example there's a knee-jerk we've got to stop costco there. that's one organ say were going to watch it slightly agitates us but were going to let that go. thanks matt why don't you weigh in on the interdependency of our economies? >> absolutely right it's really beijing's actions, xi jinping's actions that have really spooked american and other businessmen in china. chinese businessmen for that matter. and what we have to recognize is this decoupling is been relatively orderly so far. it's really being driven by beijing primarily. xi jinping is the protagonist in this whole evolution. he wasn't sure china is self-sufficient. he also wants to create the quote powerful countermeasure of making industrialized economies increasingly chinese supply chains. so they can use them as a leverage against australia and sweden and other countries. they have to recognize with the gain is. then attempt by xi jinping to accumulate coercive leverage over u.s. businesses. and in other foreign countries and their governments and economies. and act accord

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talking about the nature of china's political and economic system and the nature of a company like costco. i think we should be a bit more cautious, especially now in a post russian invasion of ukraine world. the fact that china doesn't allow similar investments in its own ports has also been an argument against the deal for some nervousness about the chinese think. here, germany's largest, katrina, ford showed company the fear that mistakes made will be made again, but so far the business. in fact, wales hamburg see it. it would lose competitiveness against auto european ports. without cost goes investment the port was already struggling to attract enough business. sometimes discussions are a bit exaggerated because there is a concern and, and it's an understandable concern. what has happened in the ukraine. we take the concerns serious. they are minor from our perspective instead of what we can win as a society. and of course, as an economy like the german ones, but the whole europe as well. but other european nations have accused germany of putting their own interests for us when it co

company. steadfast and reports from hum beg after rotterdam an android for chinese state company. costco has bought a steak in europe. 3rd largest port hamburg the chinese investment in one of the 4 container terminals was scaled down from 35 to 24.9 percent off. the chancellor, all of sholtes came on the fire over the deal, but many in germany are still unhappy. i know i'd say about reform, the one hand they want to become independent from russia and on the other. they're given away something so important. i think that this has been a favorite project of chancellor all of shorts, who used to be met and pushes his own interest. it's not only shows his correlation partners who have warned against the deal. there's concern outside germany to people in brussels, but also in paris. and a lot of other european members state capitols like there is, there's a lot of frustration and outrage of like, wait, what's germany doing like, why are they going forward this? i thought we were supposed to be decreasing our dependencies when we're talking about critical infrastructure. and we're talking abou

that's 12 cents cheaper than costco's 1.50 deal. to lower the price of the combo any time soon. said sticking to 1.50 price point forever. ainsley over to you. >> ainsley: always a deal and buy in bulk. do you get like 12 hot dogs with that deal? >> carley: i wi would like to he 12 hot dogs. i can't have one. >> ainsley: can you do whatever you want right now, carley. the fox nation patriot awards are tomorrow. where everyday american heros are going to be honored for their actions. and our knicks guest was planning to attend, bought some tickets, instead is now donating those tickets to first responders. ruffle watson joins us now along deputy john van wagner and deputy greg suchy with the st. john's county sheriff's office in florida. thank you all for joining us. >> good morning. >> good morning, ainsley. >> ainsley: ruffle, i know you live in arizona. you bought these tickets, and then you have a work conflict so you got in touch with fox folks and you said i want to donate them to law enforcement. why was that important? >> wel

through the sale of a almost 25 percent stake in a hamburg port terminal to chinese shipping giant costco. now the company looks to sale looks like it would be.

so we are not relying on costco, for example. so there is others like hipaa lloyd, like m a, c or c, m a c c m, which are deeply involved in transport of all the containers worldwide. it's an international business. it's international trade. so we are not dependent in this respect on one customer or for more on china's changing role on the world stage. i'd ask you to head over to you tube and check out this week's business special. we take a look at china's latest attempt to get a grip on its embattled real estate market. it's the recall that policy and it's growing economic problems. george magnus, from oxford university, is china center tells me companies are looking outside of china. it's, it's prudent for companies to be able to, to now kind of look at other countries in asia and beyond for changing the supply chain sort of taking decades to, to build up. it won't happen quickly, but i'm pretty sure it is starting to happen. now that was george magnus from oxford university. and what's on the horizon for the world's 2nd large

only half measure half victory in a way i would have preferred that there would be an investment of costco, the great chinese shipping company in the part of hamburg, you would have a preferred that was no. and yeah, that's right, that's right. but we need to have unity in the cabinet, and this was the only way to get this unity. so it was a step forward, but not the whole way. but it's a process of cost. i mean, we're coming from, from an idea rad politicians like 3 last should be case. maybe you before that we're saying all the time, china, that's all, it's all market and all the investments should go to the trade should go to china and coming from china. so what we're doing something big quite and our changing the practices of china, strategy and politics. and this is, of course, this is a face and we have to learn and we have to think about it and from the general analyze is going into the details of sometimes complicated. and in that case, the cabinets existing from 3 different parties need needed some time to think about it. the final question, i mean, can you understand some interna

the visit came just days after a decision to allow chinese state shipping company costco, to buy an almost 25 percent steak and a terminal at the port of hamburg. there are mountain concerns in germany of an ever growing commercial dependence on china. after reliance on russian energy cost, unprecedented turmoil following rushes, invasion of ukraine. shorts wants to increase economic ties with aging. but on the basis of equal treatment. for instance, what is clear for us is that we do not believe in i is the coupling from china. but it is also clear that that has something to do with economic ties as equals with reciprocity, and there must be equal access to investment and to be allowed to time listen. as part of the non decoupling of an equal level policy, schultz announced an agreement to let ex patriots in china gain access to the code 19 vaccine from germany's biotech and urge beijing to make the shot freely available to chinese citizens. more than 5000 german companies are operating in china, investing billions there. berlin wants to find a way to still work with china without comprom

all of these retailers import heavily from china target and walmart and costco. if we get big lockdowns and factories closing, that will impact product availability next year we import almost everything now. it goes to the core inflation rate with prices and supply chains will impact prices coming in it is interesting to watch pretty incredible to see what is going on >> scott, i want to get your thoughts on what is happening in the oil market and how that could help the consumer. right now, crude has touched a nearly one-year low. energy has been the best pe performing sector with the run up in oil and gas prices how could this impact the u.s. consumer knowing gas prices have come down significantly from where we were four months ago? >> we were on the consumer over what the fed has been doing. our consulting arm has been trying to advise clients it is a tough environment. normally when the yield curve gets this steep, and when you see the fed jacking up rates, it is a guarantee for recession fan that is our call for 2023. if you see gas prices coming down and w

it's only half measure half victory in no way i would have for that there would be an investment of costco, the great chinese shipping company in the part of hamburg, you would have preferred. that was knowing that yeah, that's right. that's right. but we need to have unity in the cabinet, and this was the only way to get this unity. so it was a step forward, but not the whole way. but it's a process of costs. i mean, we're coming from, from an idea rad politicians. the last 3 last should be case, maybe you before that we're staying all the time. china, that's our market and all the investments should go to the trade should go to china and coming from china. so what we're doing something big quite, and we're changing the practices of all china, strategy and politics. and this is, of course, this is a face and we have to learn and then we have to think about it and from the general analyze is going into the details of sometimes complicated. and in that case, the cabinets existing from 3 different parties need needed some time to think about it. and final question, i mean, can you understand

or costco or home depot. they want you to click on a button there. discount code. then they have got you. >> dr. saphier: a lot of victims from the phishing scams tend to be older people who are more vulnerable to it. so we have to do something on the federal level to protect them. >> steve: because of inflation eating us alive, everybody is trying to say 5%, 10%. i'm going to find a coupon code, and then you find on google, it's on google so it has to be safe. boom! >> dr. saphier: we need to go back to clipping coupons. >> steve: those were the days. >> dr. saphier: top medical school with woke ideology on students and even potential students. what that entails and some advocates are defending it. ♪ ♪ hi, i'm jason and i've lost 202 pounds on golo. when you have to get wheeled through the airport because you're too heavy to make it and you have extreme pain, you have to make a change. golo enabled me to make that change. golo is real and it changes your life. i'm jonathan lawson here to tell you about life insurance through the colonial penn progra

i love the store -- costco and i love the stock but wells fargo doesn't.still getting the $1.50 hoes1.50hot dog and drink deal s too expensive and it's after the covid discount bulk buying boom and wells says costco worth $490 and world holding not buying and slowing and inflation consumer is hurdles ahead but still a quality name. discount bulk buying has been the right strategy during covid and attracting all the stu varney fans waiting for stars to walk through the front door. stu: mo morgan stanley is theirp strategist and predicting a gop win in the midterm. in your view, your view because we have other opinions around the table. your view what is a gop win mean for the markets? susan: historically we talked about this. midterms are probably the inflection point for the stock markets contraindication for cerumen removal -- markets; right? up 14 to 14% afterwards and strongest year in the first four years for presidents and the man that called the bear market this year, mike wilson said if republicans win at least one chamber of congress like the house

you ask costco, there's always a very funny moment in a costco call where they say to rich, are youperienced much tradedown to your brands he always says, no, we're experiencing trade-up, because kirkland brand is better than the branded product. perhaps always the funniest moment because these analysts never stop i happen to buy kirkland i happen to think kirkland brand is superior. >> i know you do i went to trader joe's for the first time recently. >> i'm not a fan >> the prices were great >> i just -- i find -- no, no. it's too catch as catch can. >> before we go, i want to end on a quite serious note. >> what's the matter >> cvs and walgreens both had the opioid settlement. $5 billion from cvs. ceo karen lynch says she has, quote, a high degree of confidence that states will participate in the $5 billion opioid crisis settlement that the company has reached with those states, municipalities, native american tribes it announced the deal as well today and would -- will continue to defend, it says, against any litigation the settlement does not resolve. walgreens also, i think, in

. >> but you do something with labor that is incredible and you and costco, the only two companies ird say it people don't leave when they go to work for them and that's the secret to profitability. >> it's a secret we talked about this our turnover at the hourly level is 25 to 30% lower than the industry our turnover at the management level 10 to 15% lower than the industry there is hard cost but a lot of soft costs associated with turnover we get to avoid a lot of those. >> you said it's dead weight loss that person is not ready. >> right. >> you don't want them to be with the customer because the customer is used to smile and no tension. >> that's right. >> just amazing. now whether you look at the long term growth, people get to the 702 quickly and sacrifice quality. >> right. >> at what point do you say look, i can add ten, 15 but they have to be perfect i have to visit each one make sure. because you're a perfectionist. >> yes, i'm a micro manager. >> but i like that. >> so here is what our philosophy is right now. i want slow steady growth where every restaurant is a home run.