he's the senior retail analyst at cowan and company. nice to have you here. >> thank you for having me. >> bob pisani kind of set the stage, and it does sound like it's going to be a pretty difficult quarter for many of the retailers. what are you going to be watching for? >> yeah, there is a transformation and a revolution happening in retail. there are three main problems. firstly, physical store traffic. physical store traffic is declining anywhere from 5 to 6%. secondly, the rise of online and amazon. keep in mind about 80% of america shops at amazon. and there's over 50 million prime members. and thirdly, the consumer transformation taking place. consumers basically have stores in their phones. so they have stores in their pockets. that's really changed a lot of behavior. what i'm looking for is really more information on the reality of store closures. at cowan and company, we think as many as 20% of companies need to close their stores. there's too many malls in america, 20% of malls could be repurposed. that is a theme that could

let's talk about wednesdays in mississippi, the idea comes from polly cowan. >> bob moses set up the freedom schools and when the word got out that he would be having volunteers from all the major ivy leagues and other colleges, the word was also out that these were communists going there and polly cowan whose husband had been in the television was accompanying her husband to england and she wrote back to me a card on which she said, hearing all these mixed messages about the freedom schools, i think it would be very good if we had the cadillac crowd of interracial teams go into mississippi and do some service, carry our message and the like and see how we can be helpful in support of these young people who will be down there working. we developed that idea and polly cowan and i together set up the whole plan, we trained our staff, we had to have an interracial staff, but the idea was that we would have interracial teams of women all of whom had to have some talent. it was not to be a visit, they would go in to do something. they had to contribute something in the schools. they also

claudia cowan, fox news, oakland, california. >> molly: for more let's bring in the legal panel.nd rebecca legrand, criminal attorney as well. what do you think, bob, does the government have a leg to stand on here? are they doing the right thing or is this just wrong? >> they're not doing the right thing. they don't have a legal leg to stand on. it's morally reprehensible that this class of 7,000 people given the health that we have on this day, memorial day, these are people who were literally dying by lawsuit because they cannot get the care that they're entitled to get unthe act. in the ninth circuit, they have ordered that these people get the appropriate care and still it's twisting around and through the legal system. people should stand up and do the right thing, take care of these 7,000 people. irrespective, these people were human test dummies, guinea pigs. it's laughable when you look at the clips that they could think injecting these substances, making them inhale substances wouldn't have prolonged effects. this is outrageous. and i have very good confidence given wha

claudia cowan, thank you. more on this story as it develops.day and then into this week. molly? >> molly: lawmakers are about to return from a week long recess with a battle in the works over president trump's budget. so is the white house and capitol hill prepare to lock horns, what can the budget mean for everyday americans. fresh analysis ahead. you don't let anything keep you sidelined. that's why you drink ensure. with 9 grams of protein and 26 vitamins and minerals. for the strength and energy to get back to doing... ...what you love. ensure. always be you. we asked people to write down the things they love to do most on these balloons. travel with my daughter. roller derby. ♪ now give up half of 'em. do i have to? this is a tough financial choice we could face when we retire. but, if we start saving even just 1% more of our annual income... we could keep doing all the things we love. prudential. bring your challenges. mmmm. mmmm. mmmm... ugh. nothing spoils a moment like heartburn. try new alka-seltzer ultra strength heartburn relief che

claudia cowan reports. >> government officials don't produce shows for hulu, netflix, amazon and other services, but that is not stopping some of looking at ways to tax them. >> local governments and their power to tax, they pop out somewhere else. >> watchdogs are wary as cities argue they are losing money. according to an analyst firm, cable and satellite companies lost more than three quarters of a million subscribers in the first three months of this year, five times more than during the same period last year. a trend meant a drop in utility taxes. glendale, california, is among those considering increasing utility user taxes which cover gas, electric, and telecom services to make up for hundreds of thousands in lost revenue. >> to allow that there's a consistent flow of revenue that pays for the services that you as a resident expect. >> glendale is enlisting the help of cable and satellite providers to determine how such a streaming video tax might work but critics fear a slippery slope when streaming video services are taxed like gas or water. >> if you allow the city to do that

in oakland, california, claudia cowan, fox news.ity for a horrific bus attack that killed christians. the group was on its way to a remote desert monastery near cairo when they were ambushed bigunmen. the attack is the latest on coptic christians continues palm sunday when suicide bombers struck coptic churches. one family getting closure this memorial day weekend after a soldier's remains were returned nearly half a century after his death. dna technology is giving them hope. brianien is joins us next -- brian llenas will take us inside dover air force base. >> my dad is 88. i would love to give him a final closure and answer. my dell small business advisor has gotten to know our business so well that is feels like he's a part of our team. with one phone call, he sets me up with tailored products and services. and when my advisor is focused on my tech, i can focus on my small business. ♪ ♪ ♪ what we do every night is like something out of a strange dream. except that the next morning it all makes sense. to power global e-commerce f

lee cowan reports. >> ladies and gentlemen! children of all ages!arth! >> or rep iter:t is a pretty bold claim. the greatest show on earth. but ringling brothers and barnum & bailey had every reason to brag. ♪ there was a time when there really was nothing else like it. ringling was controlled mayhem, a dizzying array of performers risking life and limb alongside a menagerie of exotic animals from far-away lands. ♪ ♪ are you ready after 146 years all the thrills are still there. but the wonder seems to have faded. >> ladies and gentlemen! >> reporter: ringling's ringmaster, jonathan lee iverson, laments that today when kids go looking for the greatest show on earth many look for it on their smartphones instead. >> more and more unfortunately we're becoming a society that really doesn't embrace wonder anymore. >> are you ready my friends? >> the wonder that we offer you can't find it on facebook. you can't find it on youtube. you have to engage. you have to be there. you have to be present. it not like yourself. that's how this has been made. >> repo

in oakland, california, claudia cowan, fox news.claiming responsibility for a horrific bus attack that killed christians. the group was on its way to a remote desert monastery near cairo when they were ambushed bigunmen. the attack is the latest on coptic christians continues palm sunday when suicide bombers struck coptic churches. one family getting closure this memorial day weekend after a soldier's remains were returned nearly half a century after his death. dna technology is giving them hope. brianien is joins us next -- brian llenas will take us inside dover air force base. >> my dad is 88. i would love to give him a final closure and answer. [team member] now in the wells fargo mobile app you can request a one-time access code to use the atm. [customer] just my phone. [team member] yeah. [customer] that'll come in handy if it's halloween and your bumblebee costume doesn't have pockets. [team member] i was a bumblebee last year! [customer] me too. four years in a row. [team member] you were not. [customer] i was... listen up, h

claudia cowan has more. claudia? >> that's right, eric. woods was booked about spent several hours at the palm beach county jail. it's unclear if he was tested for drugs or alcohol. but according to the website tmz, police spotted woods at the wheel of a 2015 mercedes driving erratically, all over the road. law enforcement smelled alcohol on his breath, but woods refused to take a breathalyzer. in florida, that means automatic arrest and license suspended. the details coming from tmz. so far no official comment from the police in jupiter and our calls have not been returned. eric? >> this comes as tiger has been trying to attempt another comeback? >> yes, that's right. he hasn't played in a professional tournament since february. he's only made three starts in the last two years as he tries to reclaim his top spot in the golfing world. today's arrest is a latest in a string of tabloid headlines. there were multiple reports of extramarital affairs and a high profile divorce. in the 2009 car accident, a witness that may have been his wife to

. >> reporter: mark cowan just retired in february as manager of director of water resources and says it could cost $3 billion or more to fix the problematic levees. >> the threat of levee of catastrophe is significant. >> this is literally jeopardizing our drinking water in san francisco and l.a. if we don't do anything about it. >> and that's probably one of the facts that i would love for more californians to understand, so it's not just the local areas that's at risk. are the santa clara valley water district, home of silicon valley, gets about 40% of the water from the delta >> you never know when it's going to happen. >> reporter: bruna says the levee of collapse that ruined her home is always on her mind, but it's the possibility of a future levee of collapse that really haunts her. >> because it affects everybody. once the levee of breaks, i mean, it's not just the people would live on the islands now. i mean, it affects everybody. >> reporter: one solution to this, put the drinking water pipes underground. in fact, san francisco's water utility has done just that, burying mos

.- the opera house next, carolyn cowan from paris.>> this is bloomberg surveillance. i am taylor riggs. let's get the bloomberg business flash. a surprise increase first-quarter profit for hsbc. the ceo was able to extend the revenue decline. earnings growth, 12%. >> i have to say, not being the thesis, i would be happy if i could call 2017 right now but i think we guided at the end of the year to see 3.4 percent growth over the course of 2017 and notwithstanding a good start in the first quarter. that as we move into discussions with the fed over the next few days. ceo, hsbc has as gone out of a countries and a muslim hundred businesses. u.k. has paid to settle bribery disputes with the lithium investment. the french bank denies that a payment made to a businessman was a bribe to secure investment deals. tesla is ensuring investors that on track to begin production, in an attempt to mitigate concerns that elon musk is burning through too much cash to bring them to market. they reported a bigger first quarter lost than expected. the m