only latex glove in the united stat so we went to walmart and talked to the chairman of walmart, doug mcmillan. he bought into it. he saw the great opportunity to put people back to work. >> what do you anticipate for 2016 revenue with ameritech? >> first year if we can get 50 million we'll be very satisfied with it. >> so steve is really big on having his family involved i and i know that you share similar values. tell me more about that. >> my three kids work with me in the business ever since they came out of florida a & m college they came right back into the business. my daughter got a master's in h.r. my son got a mar teres in marketing. my youngest son has a degree of accounting. my wife of 45 years is working with me daily. so i'm very family oriented along with other 4 or 500 other everything. >> in addition to running these amazing companies you also sit on a number of boards. >> bose is there in part because that's where the decision power was made. kind of run the operation of the companies having the right talented people can mean the success or failure of both. so when you just l

doug mcmillan seize encouraging signs from shoppers and low fuel prices do shop. terry lundgren agrees, but thinks consumers have been spending only in concentrated categories that benefit home depot and lowe's. we'll find out this week whether that continues or if consumer dollars of shifting once again. department store results were better than expected, though on low expectations. clothing spending has been weak, so even a little positive news got a lot of attention. and if early back-to-school clothing spending has been good for kohl's and denim is good for macy's, maybe american eagle, gap and americ outfitters will see growth as well. at least for now there are signs of renewed life. i'm courtney reagan. >>> we turn to the devastating floods in louisiana. tens of thousands of residents have been rescued from their homes. about 10,000 are in shelters until the waters recede. at least five deaths are linked to the flooding. the governor declared a state of emergency over the weekend and described the floods as unprecedented and historic. the hardest-hit areas

. >> my thanks to doug mcmillan and mark laurie. up next, we're betting on batteries. how a rare element may help fuel the future. >>> and later, going for gold. and going broke. the huge price parents are willing to pay for their kids to chase olympic dreams. >>> right now as we head to a break, take a look at how the stock market ended the week. passionate about people and that is what helped me get started in business. i'm michael churn yao and i'm the owner of sea mores. the crew is my family too. we offer three staff meals and run a weekly benefit and offered aflac. it allows the crew to focus on the work in front of them because they know they have extra coverage. making people happy, that is our number one you listen, and you laugh and you worry. you do whatever it takes to take care of your familych and when it is time to plan for your family's future, we're here for you. we're legal zoom. and for over ten years we've happened families just like yours with wills and living trusts. so when you are ready, start with us. >>> welcome despite the fact that a gallon

. >> my thanks to doug mcmillan and mark laurie. up next, we're "on the money." betting on batteries. how a rare element may help fuel the future. >>> and later, going for gold. and going broke. the huge price parents are willing to pay so their kids can chase olympic dreams. >>> right now as we head to a break, take a look at how the stock market ended the week. cathy's gotten used to the smell of lingering garbage... ...in her kitchen yup, she's gone noseblind. she thinks it smells fine, but her guests smell this. ding, flies, meow febreze air effects heavy duty has up to... ...two times the odor-eliminating power to... ...remove odors you've done noseblind to [inhales] mmm. use febreze air effects, till it's fresh and try febreze small spaces... ...to continuously eliminate up to two times the odors... ...for 30 days febreze small spaces and air effects, two more ways... [inhale + exhale mnemonic] to breathe happy. >>> welcome back. despite the fact that a gallon of gas sells for $2 and in some places even less, there is a race to develop a new energy source.

i do agree and i think doug mcmillan is obsessed with this issue that they have to become a more digitallayer. that's critical. it just shows how hard it is for some of these lumbering behemoths to make the pivot they have to make the way they have to do it. it's a costly way to achieve a desired result. emily: brad, how much can jet really turbocharge wal-mart's e-commerce business? brad: we'll see. the biggest challenge is how do you utilize, how do you exploit the assets that wal-mart has, the huge stores, the distribution centers, how do you exploit that advantage for e-commerce. mark and his team running wal-mart.com, can they get the desired benefit if they're not running wal-mart. kill some of those prized assets for the benefit of growing the online business. that's probably what wal-mart has to do. you do have some of the best strategic thinkers in e-commerce, anyone can pull it off, it's them. emily: wal-mart is opening fewer stores and revenue is also growing more slowly. we actually got a chart to show you that. the bigger question, what is the future of wal-mart, how do they

meantime in the northern hem fer doug mcmillan joins "squawk box" this morning to talk about the dealy meat for jet.com. does the deal mean that walmart is gunning for amazon? here is mcmillan on that strategy. >> knowing where we're trying to get to is really important. in our case we've got the we have a grewing business in china, mexico, canada. and what we hope is those markets and our leaders will continue making progress, but mark will focus on the united states, help us innovate in some ways we wouldn't have alone and faster. and that's kind of the opportunity that i look at. >> is it fair to say you're gunning for amazon? >> we're gunning for the customer. s dan, walmart has ahead a few swings. is this one a hit or miss? >> this is not baffling. first of all, mark is amazing, but this will be an interesting situation where it's more of a technology company than a consumer brand. whatever sales they have made it's not because somebody wakes up and says i want to go to jet. so it will be interesting, but the technology of being able to identify the closest location for shipping

and doug mcmillan making a real effort there in terms of what they call omni channel. >> it's a customerase and walmart receives something that helps walmart. >> help them tw two day shipping. >> jet was losing a lot of money though trying to fulfill the requests. buying product where ever they could and giving it to people less than it cost them. >> we'll have more on that story when it develops. when we come back, television more complicated than tablets and smartphones. [announcer] is it a force of nature? or a sales event? the summer of audi sales event is here. get up to a $5,000 bonus on select audi models. >> what's the easiest way to go tv shopping. easy to go and he explores whether buying a tv is still too complicated. welcome, walt. >> good morning. >> whether you think it's the fault of the manufacturer of the tv or hooking up the pipes. >> it's the manufacturers of the tv. i'm not talking so much about hooking up the cable box and plugging it in. that's one cable. that's so hard. it's all of the various features they have now tapped in and imposes on them a responsibility th

back in may doug mcmillan ceo of walmart commented this was not really something that he was pleasede knew they had been struggling to kind of take on amazon where the growth numbers have been significantly stronger. by the way, amazon's market capitalization surpassed walmart's. walmart investing and spending. walmart announced plans back in october of last year to talk about the $2 billion it was going to be spending over two years to double down and really spend more money to bulk up walmart.com. it's been spending on additional distribution centers. it's been spending to make sure it was investing in the site. this represents an opportunity. jet.com, we spoke with the founder here over the last year since that company launched has itself struggled with its own business model. this is something going to be raising money by charging a membership fee of $50 a year to its -- >> that would be all their money. basically they would almost sell everything at cost but membership fee would be where profit came from but that didn't work. >> three months in they had to cancel membership fees

doug mcmillan is saying, listen, i'm going to close things that don't work. he's a decisive guy.e but indecisive of "mad money." i press him every day. >> there's competitive pressures in house to get him on the show. >> yeah, oh man. you can't say i own you. you don't. he's got a lot to crow about as do everybody, sears does not. a moment on jcpenney. i like the stock very much. 400 macy's -- i'm sorry. macy's closing back. that doesn't hurt them and 400 sears in the malls they're in. that's one of the reasons why appliances are so good. people have just -- sears is pulling back. he calls it a smaller footprint in the jcpenney and being very polite. like diminishing every day. >> between smucker and zoe's, anything regarding food today is having trouble. chipotling to campbell to kellogg to kroger. >> let's see what powell says tonight coming on. they have resurrected cheerios by taking out the gluten and the color. i remember talking about taking out the color of trix. who will eat in it the american people. millennials love natural organic and tired of food coloring. campbell'

doug mcmillan spoke about the $3.3 million jet.com acquisition. largest private e-commerce acquisition and with the brands distinct, mcmillan said wart mart wants to be thoughtful of how to combine the businesses happening over time. >> as jet scales, they will have resources available to them as a team and the brand they didn't have before, and at the same time, we can leverage the talent of the organization, combine it with what we already have, deploy some of the customer facing and back end components that jet's built into the platform which will enable us to be successful as walmart.com. >> he says marc lore will lead both jet.com and walmart.com when the deal closes. walmart is also not updating any guidance at this point. now, nearly everyone i've spoken to believes it's likely about lore and the senior team. one of the brightest minds in e-commerce and walmart lost him once and walmart reportedly out bid by amazon for qidzi in 2010. he's not happy with walmart's slowing growth rate and far behind amazon. wall administrator's total online s