let's get to courtney reagan with some of the numbers >>ee let's get to courtney reagan with some of the numbers >> let's get to courtney reagan with some of the numbers >> let's get to courtney reagan with some of the numbers >> it was the third annual prime day and amazon told cnbc it was on pace to be the biggest global shopping event in amazon history with u.s. prime members ordering more than 6,000 deals every minute by 3:00 p.m. eastern time what it calls small business sellers had a 50% plus increase in the units sold around the world compared to the same time frame during prime day last year most shopped for themes according to amazon home chefs for the home and techies a lot of technology products for sale amazon says it sold two times more of those echo family devices this prime day and three times more sold worldwide. other top selling items include dna tests and bluetooth headphones market track analyzed a sample of 120 prime day deals from different categories, but cluding those alexa only voice prompted deals and found that the average prime day discount was just shy of

i am courtney reagan with wilfred frost. look at u.s. we lost a little ground from the last half hour or so if the dow-jones opened, if would be five points higher, and nasdaq by four points. s&p 500 would slip ever so slightly if you look at what's going on with the dollar and other currency, beginning of the week as well on friday, we see here that the euro is around 114. it is now below what is key resistance level we will watch that fairly closely here and the pound is something to watch, especially after the action last week >> broader dollar index losing 0.9% last week >>> making headlines elan musk speaking out against artificial intelligence, addressing the national governors's association conference over the weekend. >> ai is a fundamental existential risk for human civilization i don't think people fully appreciate that. i have exposure to the very most cutting edge ai. and i think people should be really concerned about it. i keep sounding the alarm bell, but until people see like robots going down the street killing people, l

i'm wilfred frost along with courtney reagan.r must-read stories my pick is in the "wall street journal. is the republican congress hopeless karl rove writing as an optimist and only an optimist can view the situation this way, i'm hoping this plays out like a made for tv drama. the protagonist appears near certain death at the commercial break but it saved when everyone returns with popcorn after the final geico advert it's a good read he's critical of the republicans for not achieving much, but hopeful that it comes around and comes back together. made for tv drama. i suppose donald trump would hope this particular episode is not reality tv and will get to conclusi conclusion >> truth is stranger than fiction. you can't write this stuff miraculous time we're living through in washington. my pick is in the "wall street journal. a bad gop dream. it explains the ten state attorney generals have written to jeff sessions requesting an end to an obama program called deferred action for childhood arrivals, it allows children of illega

courtney reagan has more from chesapeake, virginia. >> the german grocer opened its 14th of 1100 planned u.s. stores in chesapeake, virginia, with hundreds of excited shoppers lining up hours before doors opened. >> the way the prices are, i won't p shopping other places. >> a lot more economical. >> the stores are abou theize s average u.s. store. there's only ss a big emphasis dpanic, meat, fresh bakery and impressive wine selection. they have their own master who hand picks b about 120 different wines. the no frills store still has a premium feel. they intend to be half the price of competitors, though it varies by product, store location and special sales, still, 89 cents for dole pineapple and $2.89 for their private label wine are eye catching. a quick comparison with a walmart less than a mile away. they win on eggs, bread and milk pricing. they have nonfood surprises, replenishing twice a week. the grocer keeps prices low in . anyone nine out of ten products over productionte l costs. they have paperless corporate offices, uses more natural light in stores to lower elect rig a b

i'm courtney reagan in for sara eisen. >> i'm dominic chu in for wilfred frost. >> we have taylor swift to start us off >> you're along for the ride it will be a fantastic day let's check what's happening with the markets we are seeing at least a little bit of perhaps recovery maybe some stability there in some way. the s&p futures indicated to open up by two points. the dow jones average down by 1 point right now. the nasdaq again showing signs of gains we were working on eight straight days. we got that yesterday. so now we'll see if we can build on some of those record highs for the major indices. the ten-year, we are seeing movement there we have seen a little bit of a trend higher eventually. now you can see 2.27 the last trade there. that down trend in yields for the past week or two is now at least showing a little bit of stabilization. we'll see if that stays the case as well. also on the corporate side of things, shares of ibm under pressure the company reporting its 21st consecutive quarter of declining revenues the tech giant says revenues came in at 1

wherever you might be watching from around the world, i am courtney reagan in for sarah ice en. >> im in for wilfred frost let's get this party started if you will global check of the markets. futures indicate a lower open to start. s&p 500 indicated to open down by four points dow-jones is off by 40 points, nasdaq by 11 as well a little weakness to start see if that firms up throughout the course of the morning premarket trading, especially in futures market quick check on ten year treasury note yield we have been focusing on that more because of that near term downturn we have seen. seeing a little up tick, 2.3% the last trade for u.s. government debt. >>> look at what happened overnight in trading markets here are mixed, the chinese market actually higher japan nikkei down 0.6% overnight. asian markets tracking what's going on here in the united states in regards to equities, with action from friday, the dollar touching 13 month lows. getting queues from that however, main land chinese stocks are higher at least overnight. economic data from europe, the flash composite pmi coming

courtney reagan has more. >> the second half of the year is always the most is year, ther lost a lot of ground to make up. back to school inventory is hitting store shefls in the next couple of weeks, that is if it's not already out. when every year marking a time when everything has to be bo back to school items like computers and backpacks. since last year was a big spending year, look for back to school sales to be below last year's levels. there are also a few companies to watch. if no other bidders emerge for whole foods, a major retail focal point will be how amazon influences the grocer's online business. some are expecting immediate changes and ripple effects through retail, but amazon isn't the only behemoth shaking up its pumps history. walmart's been on an e commerce shopping spree and there could be more. macy's is is one retailer that needs a reboot and reboost. later this year, the ceo is go new loyalty program and is expanding the number of macy's outlets within existing stores, which have been listen sales measurably. the holiday season is make or break for retail and

. >> speaking of retail, we have a news alert tonight on jcpenney making executive changes courtney reagan has that news back in our newsroom court? >> hi there, scott here just crossing after the bell, jcpenney announces itses cfo is stepping down from his position effective july 11th. he's going to stay on in advisory capacity until august 7th until a permanent replacement has been named andrew drexler will step up to fulfill the cfo duties on an interim basis. ceo marvin ellison thanking him for his work, been with jcpenney as cfo since march 2014. also saying the timing of his departure coincides with the demonstrated sales performance improvement in the second quarter. we continue to expect or report cig kachbtsignificantly improve results this quarter versus the first quarter and look toward to sharing more details on august 11th that was slipped in there at the very end of this resignation announcement back to you, scott. >> court, thanks so much let's continue this retail -- >> you mean you want to stick jcpenney all together? >> consequential, but i think it's sitting on a lot of

courtney reagan has more. >> it's already been an active year for sears. most of it hasn't been good, but today's announcement the 124-year-old retailer will begin selling its kenmore products on amazon.com sent sears stocks soaring. it's also integrated alexa into kenmore's smart appliances, so consumers can say alexa, turn off the air conditioner. sears home service will still deliver and instahl, but on amazon.com. a blog post, sears ceo and largest shareholder says quote, this is the kind of innovative collaboration we strive for at sears, adding the retailer will look for other ways to expand the reach of its brands. it is one positive headline after a year of fighting to stay march, sears acknowledged its financial results indicate substantial doubt it would survive on its open. at the time, the chief financial officer said the retailer was take i e second cfo in six months to do so. around the same time, it sold its craftsman brand for nearly a billion dollars. after the sale, the retailer got into a public tussle with the chinese manufacturer when

courtney reagan is watching that >> good morning.day for retail stocks with some mixed messaging after a strong day yesterday for the etail etf. the xrt. it's flat right now. the commerce department says the june retail sales fell 0.2%. expectations were actually looking for a slight gain there. if you break it down by category, ex gas, 3.1% for may department stores also down 0.7% and then look at the food categories food and drink services down grocery stores down 0.5% food and beverage also down just shy of 0.5%. the strong retail categories are the ones that continue to be strong building and garden equipment up 0.5% nonstore retails, internet-based retailers and general merchandise up 0.4%. health and personal care, we talk a lot about cosmetics, makeup, up 0.3% for the month compared to the month before june retail sales isn't enough to offset the positive push from goldman sachs for walmart shares they're upgrading them from neutral to buy adding it to its conviction buy list with an $84 price target, about $8 above the curren

courtney reagan. >> hi tyler, jc penney and sear's are closing hundreds of stores but kohl's is not i to the ceo and he said that kohl's is benefiting. we are optimistic and we are seeing that a little bit we had some experience with that with other mall anchors, as they closed, we pick up more in sales of the same trade areas. >> the drop came in early january after the holiday sales tavar release. so i asked mr. manziel if he thinks his shares have been dragged down by the negative headlines surrounding the department store sector. >> it is beaten down because we are part of this generalized brick and mortor department stores retailer. the fact are, we are not the same whether it is of the position of the flexibility that we have or the store's portfolio being newer or off the mall or technology investment which is massive, most of our competitor are not able to do that. >> kohl's has about 95% of its store in off mall locations and 95% transactions are still done in physical stores back to you guys >> all those shares are down, thank you, courtney. >>> shares of amazon are up more

. >> let's go over to courtney reagan for a market flash. what's happening >> reporter: hi there, kelly take a look at shares of nordstrom moving higher on a reuters report citing sources that the north strom family is exploring the possibility of taking the company private, that we've known since june, is now looking to offer preferred equity to several private equity companies, including kkr, apollo and leonard green, sort of sweetening the pot for them which would increase dividends from cash flow or give them the -- to be paid first if a stock sale were to occur in the future you can see shares are up by about 3.4% they were slightly higher just a moment ago, and they pulled back just a bit, but this does sort of underscore the fact that some private equity firms may be a little reluctant to do leveraged buyouts. we know the trouble retailers have had that's been a part of leveraged buyouts so it looks like the family may be trying to sweeten the pot to attract those kinds of buyers and a reminder that the family told us that they were l

. ♪ >>> i'm courtney reagan. here's the cnbc news update at this hour.ate continuing the health care debate. later this morning it will start voting on the repeal only bill, which it passed and then president obama vetoed in 2015 senate majority leader mitch mcconnell saying we need to pass it now. >> certainly it won't be easy, nothing has been but moving beyond obamacare is the right thing to do. we have put a lot of hard work already into this. we have had important successes like we saw with the vote to proceed yesterday. we have to keep up the work now. so we can get this done. >> uber is updating its policies to let drivers start charging a $15 fee to return lost items to passengers right now the rule applies in boston and chicago, but the policy will go nationwide by the end of august. >>> and novak djokovic will miss the u.s. open and the rest of the season with an elbow injury. he says the injury is the result of playing too much and requires rest to recover. that's your cnbc news update for this hour. let's get back over to "squawk alley. carl

courtney reagan joins us with more on what's on sale and what it means for the e-commerce giant.kind of growth we're expecting this year for amazon. >> yeah. this is an interesting day we're actually more than eight hours into amazon's third annual prime day. once again, amazon's own devices, including the echo, are the biggest on sale. that's off between 30% and 50% the fire 7 tablet 60% off. just some of the big deals but there are other big discounts that have actually already sold out and now have wait lists, including the dulla portable power bank, 84% off, the origen bluetooth headphones 74% off and mighty rock car mount 73% off. amazon hasn't quantified its prime day sales in the past exactly, but it has said last year's was its biggest day ever, making that a very big goal to beat, even with the addition of three new countries this year. analysts estimate that prime day sales likely landed around $640 million in 2016. expectations are for sales to range between $860 million and $1 billion on this prime day the event, of course, is key for revenue, but it's very important

amazon prime, the day after, courtney reagan joining us with the aftermath from the online shopping are we talking about the destruction? >> people's fingers being totally exhausted? i don't know we're about three hours pass the end of prime day it lasted for 30 this year late yesterday, amazon says they are already on pace to be the biggest global shopping event in amazon history amazon says u.s. prime members ordered more than 6,000 deals every minute some of the most shopped four themes, home chefs for the home, techies, amle son itself said it sold two times more echo family devices in the u.s. this prime day versus last year's prime day. three times more echo devices worldwide than last year other top selling items include dna test and bluetooth headphones boomerang commerce says that amazon offered on average a discount between 31% and 45% deals offered by third party sellers actually had on average a greater discount of around 45% versus a discounts of 35% for items shipped and sold by amazon itself beauty products as a category had the great he is discount levels but some shoppe

last thing they can actually sell, courtney reagan is joining us now for many is a water shed momentail industry >> yeah, we have been talking about the you can access of you will ulta and sephora. the beauty is the department stores have not soared along brands successes the department stores have out dated and lower mall and store traffic and will almost everything else in department stores is discounted cosmetics have an off limits, at least until now. >> macy's ceo says kos mcosmetis under more direct. it is working on expanding its cosmetics area now jc penney ten years partnership with sephora is bigger one and it says it is not going to start discounting cosmetics. sephora and you wiulta don't o s discounts. they have powerful loyalty programs without pushy seawalls associate. . >> thank you, courtney >> lets bring in our chairman of blooming dales >> michael, let me ask you, do you think this is a smart move or department stores are throwing a hail mary here >> this is not something that's new without throwing any stones, i think probably it is about five years now so i think

but let's find out by how much philip bow is live in chicago with the answers, courtney reagan who gottuck in an airport last night is sitting here. >> complaining. >> she gives them an "f. >> not fake news, she's complaining about the airports. >> courtney, get in line the latest numbers for the month of may show that there was a surge in the number of complaints, not surprising given what we saw in april we'll talk about that in a bit the on time arrival ratings, overall they were on time 9ment% these were the best of the airlines no surprising hawaiian and delta near the top as they traditionally are month in and month out. who did the poorest in may -- and, remember, the average for the industry is 79%, express jet, frontier, spirit, jetblue, virgin america 58% of the flights arriving on time really poor month of may for virgin america now let's talk about those complaints they were up dramatically in april when there were a number of high-profile incidents that spilled over into may. we had a few at the beginning of may. there was a dealta customer fro hawaii, that got attention t

let's get over to courtney reagan, sitting down with the ceo of kohl's, kevin mansell hey, court. >>ood morning to you, carl that's right i am here with kevin mansell, ceo of kohl's. we're in clifton, new jersey, in the heart of what you do every day. a lot of your competitors are closing stores kohl's has 500 more stores than macy's you all look at them as assets not liabilities. you'll have to make the case there. a lot of people are confused about why that's different for you than others. >> sure. number one reason. we're not in malls, off-mall stores 90% of our stores are not in traditional malls. as we move to an omni channel world -- and we are there -- we are looking to be a best in class omni channel retailer. one way to do that is to leverage your store base for the convenience, inventory asset that it has in it to make the customer shopping experience much, much better. from a four wall perspective, we have very, very few stores that are negative cash operating profit almost all are positive. we're not stressed from a cash perspective to make those decisions. we spent a ton

effect hitting shares of best buy on reports that amazon is developing a geek squad competitor courtney reagan just back from italy has details for us. >> hi there, bill. go to see you. amazon has quietly been building teams of electronics experts to offer in-home alexa training and smart home installations in fact, it's quietly been rolled out in several markets, and that's jumping all over best buy's geek squad turf, and tonight at 9:00 p.m. amazon kicks off its third annual prime day stealing extra market share from everybody else, all the other online competitors so for 30 hours prime members have access to hundreds of thousands of deals in three more countries than last year for a total of 13 last year's prime day was amazon's biggest day ever. this year analysts estimate amazon could pull in between $860 million to $1 billion that would be a 35% to 56% increase over 2016 now, while most of the deals are still under wraps, amazon has released pricing for its own devices. top sellers on last year's prime day. nerd wallets courtney jesperson says they have outdone itself with these deals so

michael kors agreed to buy jimmy choo courtney reagan is here. >> hi michelle since then, the speculationswirled that michael kors was a possible buyer today's deal represents a premium for jimmy choo stock price. i spoke to michael kors' ceo on the phone this morning he's looking to build a luxury portfolio with brands that has international exposure and appears to an asian luxury fire. michael kors is looking to return to growth by the year of 2018 jimmy choo is not a company that we have to turn around o significantly change in product or marketing strategy. >> though, to be share, jimmy choo's sales fall 28% and wholesale revenue sales 4% idol is not planning the changes nor will you see jimmy choo for sale in michael kors stores. analysts are not convinced aaron murphy has reservations on the near terms delusion and not seeing energy for things li like -- idol admitted to me they have not figured out the exact identity yet >> never could have too many choos. >> i like that is that cute >> you have another career >> i have been successful in giving choos to jo-jo. >> his wife. >> thank

of amazon prime members did make purchases yesterday during the company's third annual event courtney reagan has been taeling it up on her side. she has the results. zbloompb bill and kelly. 30 hours, 13 countries, more than 100,000 deals, amazon's prime day is the biggest sales day ever sales grew by 60% over the same 30 hours last year, and maybe more important, amazon says more new prime members signed up on july 11th, then any other single day in it's history. and we know that independent research shows prime members spend almost double nonprime members annually it's a valuable group. participation also was higher this year with 50% more prime members buying something on the site this year then did on 2016 prime day. now based on all of this, john blackledge estimatings they topped a billion dollars in rev hitting between two and a half and 2.9 billion. now the retailers owned device was the overall best-selling item throughout the world. seven times more echo devices in general sold this year over last year globally. and remember, this is a key product that keeps consumers further conne

news update this hour melissa, back to you >> all right, sue, thank you sue herera let's get to courtney reaganor a market flash >> shares of scanus. south carolina electric and gas company are sharply higher after the company voted to stop building 2 billion nuclear reactors the reactors were set to be among the first new nuclear reactors built in the u.s. in decades. but the project has been plagued by delays and cost overruns. the vote to stop nuclear construction will likely end the project completely scana also reaffirms its targeted earnings growth race of 2% to 4% the stock is higher by 3% on the news tyler back over to you >> courtney, thank you very much florida getting 2kre67d by tropical storm emily weather chabl's mike seidel is in ft. lauderdale with the latest >> tropical storm emily made landfall just after 11:00 a.m. near bradenton, florida. they've had over six inches of rain and the winds in nearby sarasota gusted to 40 miles an hour our winds here at st. pete beach have come around to the northeast they're running 15 to 20 miles an hour but look off to the north and all that

courtney reagan joins us with a look at what customers have been buying so far. >> amazon giving cnbce day is progressing with a little more than ten hours to go. the company says the most shopped for themes fall into home chefs, for the home and techies. beyond amazon's own devices it says top-selling items from small businesses and entrepreneurs include the 23 and me dna test and bluetooth he had phones a slice of intelligence giving cnbc a summery on the weekend's early prime day deals. for prime now an alexa-powered shopping the data comes from a scan of millions of e-mail receipts so amazon prime sales for the past weekend were up 14% compared to the previous weekend amazon.com sales broadly were up 6% over the prior weekend and 15% of the amazon prime now buyers over this past weekend were first time prime now shoppers that's our earliest look at how the sales are going. kelly. >> courtney, thank you it's a marathon, not a sprint. amazon and google are slashing prices the google home is now 99 from 129 and we're only partway through. amazon is saying it sold three times as many

our courtney reagan. to the play like -- >> i was going to surrender on the chocolates no idea. >> we have a news alert on vanguard lesley picker, what's happening there? >> reporter: hey, kelly, a change in leadership in one of the biggest passive investment firms out there. bill mcnabb plans to step down as the ceo of vanguard group and will be replaced by mortimer buckley who goes by tim. currently the firm's chief executive officer. buckley will take the helm in january, and he started as an assistant actually to jack bogel two and a half years ago mcnabb will remain chairman and ultimately pass that torch on to buckley as well. under mcnabb, however, vanguard quadrupled its as frets 1.it a trillion to 4.4 trillion kell >> yeah. passive one. he's got that crown. >> absolutely. >> leslie, thank you very much our leslie picker. anything you want to add there >> nothing but orderly tim buckley has been there forever and been increasingly i think a little bit of the face of vanguard and he'll also remind

soil courtney reagan joining us >> reporter: good morning.so in about an hour or so from now, this store will open for the first time it is the 14th of 100 planned u.s. leital grocery stores so far shoppers have been impressed. but competitors are watching and in some cases fighting back. kroerg h kroger has filed a lawsuit alleges that the private label called prefer selection infringes on kroger's private selection and is confusing to customers who may falsely associate the private label with the u.s. competitor. lidl of says it is proud of its pree preferred range. last quarter, kroger set about 29% of its sales came from private labels collectively. but all other grocers should be paying attention because lidl brings significant competition in at momosphere and selectioni and price. this pineapple is 89 cents today. the stores are about a tenth the size of a regular grocery store and in some cases it may feel like there is no thrillfrills, t also has premium feel to it especially when it comes to the organic produce, meat and bakery areas