scene, you have an investment coming in pt i kn but me seeing someone who i greatly admire in doug mcmillanetting involved in a board role there, it's really fun to see the way that commerce and these social platforms are converging. and you look back with how bad facebook is thought of, you know, thank god for them that they acquired instagram, right and so i'm particularly bullish on the role of instagram and tiktok to drive new and exciting things for gen-z and millennials. facebook is a juggernaut because of who they are. i think they're vulnerable right now. >> andy, you were just talking about gnc and gap being overstored it seems to me that they might also be overmalled right? a lot of the stores are behind these parking garage motes and mall castle walls. it's hard to get into them in this environment if you don't want to go there is omni channel you think especially during this holiday q-4 in figuring out a smooth connection between digital and physical going to be key to who wins in retail >> i love the question because i think if you do have physical, it can actually help if it i

they've got choice, and i don't know how they will make it but i would say i think right now doug mcmillan, former ceo has got a huge huge task, unbelievably huge task of digging walmart out, 15 years, 20 years of abusing the systemic strength of walmart in the pursuit of a single-minded goal and it is an x essential fight. and of fulfilling time, they are shuffling around like zombies at 11:00 pm and worked at 6 am. who cares about their life, and amazon has an opportunity not to put itself in a position to 15 years from now where nothing worked at amazon because it has been ignored entirely. that is the resilient sustainability i would be saying is there priority now and easier to do it on top rather than under siege. >> host: let me ask more probably what worldview these platforms play in this. there is a different economics at stake than i thought when i taught microeconomics. that is close to 0 marginal cost, clear benefits for people on the platform, how does that affect the dynamic? >> we have more creative outcomes, the tale of the long sort of what you see in the distance, the dis

mail order and some discounts walmart also a big player here on this morning's earnings call, doug mcmillaneacting to the amazon news, he thinks that consumers want an omni channel approach in health and wellness which includes instore services as well as mail order. but, boy, the gauntlet has been thrown this morning. >> once again. amazon likes to do that. bertha, thank you. i'm so glad, guys, that bertha brought up walmart at the end. we're focusing on shares of good rx, rite aid and walgreens i really think this is a move to become more competitive with walgreens. amazon prime users have typically been more affluent consumers. but over the last few years, we certainly see amazon trying to capture, you know, a broader base of prime users including walmart's customers. but, of course, carl and jon, this isn't guaranteed, right not everything that baez oes or amazon touches turns to gold i think about ambitions in grocery and 14 billion plus acquisition of whole foods, i think the ambitions have still yet to be realized they have a big boost amid the pandemic there is third party data that

interestingly they were asked about it on the call and doug mcmillan and the head of walmart u.s.oth said, look, people want an omni channel sort of experience just as they are doing with the rest of their shopping they want to be able to come in the store and talk to someone when we neat to and want to maybe be able to pick that up quickly, can do that in a contactless way and they also have mail order. the real -- the difference is what will it mean to others that are doing the discounts? tomorrow we'll talk with doug hissish, at the summit it will be interested to see how he reacts. looking forward to it. >> our bertha coombs following that story today how will cam -- joining me now is the executive director at royment john great to have you here tell me about the double blow that you see at the retailers be and what option do they have to respond here >> thanks. good afternoon the two negatives are only number one only about 5% of pharmacy volume today is done by mail, and, new two, good rx, as successful as they have been they have only 5 million memberser so poe tonksly i ha

walmart also a big player in pharmacy and not surprisingly this morning ceo doug mcmillan reacting to told analysts he thinks what customers want, an omni channel approach to health and wellness just as they do in the rest of their retail experience and that includes in-store services as well as mail order back to you >> bertha, thank you for that it's obviously the story of the morning, mike santelli joins us to talk more about it. mike, among the reasons for some of the pressure on retail name, there's the retail sales number which was a miss there's obviously these names which run up between prints and then there's the amazon news which do you think is the biggest culprit today. >> when it came to walmart and home depot mostly just the fact that they've been such covid beneficiaries and numbers do not seem replicable. the government retail sales number has had a dampening effect a sign of, okay, we see the consumer not quite being as strong last month, we've been waiting for this moment perhaps where the stimulus had run out and they've kind of cut through savings. i don't think it

i think what walmart has done under doug mcmillan is pretty amazing even going after things like tiktokdrug mcmillan keeps a list on his phone of the top ten retailers through every decade he is very aware of you how quickly you can become irrelevant and i think that they have done a very good job of trying to make sure that they are keeping up i'm not saying it is the same sort of growth proves pepgspect you see with tesla, but this made me think wow. >> and this next story, i felt so good this morning remember last week, it was like lowes was looking at hd supply and i'm like what? no, that is not -- the world is right. i think home depot is buying back hd supply just to make -- wait a minute, lowes buying home depot supply was too weird. but anyway, the world is right again. home depot will buy hd supply. that was a horrible investment last time. i thought frank made the brilliant move to get rid of it at the time and it was thought of as a -- i don't know, not a great business but at least it is home depot buying hd supply we'll go through the numbers next meanwhile u.s. equity futu