lots more from the ceo of walmart, doug mcmillan, exclusively. his take on the jobs market, pricing, and the rise of weight loss drugs. >> plus, the ceo of campbell soup is with us. how does ceo mark klaus plan to turn around a stock that has underperformed the ceo 500. >> and omar agular breaks down why the fed has enough support now to end its tightening cycle. >> but first, the markets, large-cap indexes, modest gains. the s&p 500 a bit off its highs. nasdaq off a quarter of a percentage point, although, sarah, another one of those days where the average stocks doing a lot better. yesterday was a pause. bank stocks, as the ceos testify on capitol hill, up more than 2% as a group. migrating back into more cyclical areas of the market. and it seems like we keep feeding on economic data points that seem to validate the soft landing thesis. >> yeah, slow down in things like the labor market, but not an all-out recession, which was also the message i got from the walmart ceo, basically, on the softening of the u.s. consumer. as far as the bank exec

sara eisen sat down with doug mcmillan to get his thoughts. >> hello, nice to see, everyone.mart is in the middle of the key holiday sales season, and is warning about a softening consumer. i sat down with doug mcmillan, the ceo of the country's largest retailer to talk about his strategy right now, and where the consumer is headed. he says customers are really price sensitive right now, but that overall, he's been pleasantly surprised at how strong the consumer has been this year, and at this time. it may change. listen. >> i don't know what next year is going to look like, as credit balances go up, the balance sheet of the consumer is not as in as good of shape as it was 6, 12 months ago, a year ago. we may find that we are back to growth rates that look like 2018, 2019, in terms of total retail. we just think our opportunity is greater than that and we can grow faster than whatever the retail market grows. >> 2018, 2019. i said, do you expect a recession? mcmillan said no. he is also seeing inflation come down, which is helpful for consumers, we know, but -- >> not for gro

speaking of companies getting into advertising, walmart ceo doug mcmillan.uch more. the stock down more than 8% since it reported earnings on november 16th, but had been an outperformer leading up to that moment on the idea they are winning as people look for value. >> it had built up a huge defensive quality premium so when people try to feel better about the overall condition of the economy sometimes money flows out of walmart into the less advantaged names. >> in the meantime, the s&p and dow are lower. don't let that fool you because the nasdaq is up and so are the mega caps. >> it's a rerotation. the ten year below 4.2. >> let's send it over to scott and "the halftime report." >>> welcome to "the halftime report." i'm scott wapner. front and center this hour, several key moves by our investment committee today as the rally took a bit of a pause. joining me for the hour, josh brown, stephanie link, joe terranova and amy raskin. the dow is down by about 137. the s&p is off by a fractional amount there. the nasdaq with a nice bounce. look at the ten year,

. >> that's interesting, especially what we heard from doug mcmillan yesterday as well, the other major retailer in our country. what else stood out to you? >> look, i think the consumer -- i was surprised. when the consumer starts buying, i thought they would pay up more. andy jassy is talking about the chinese types. people are looking for bargains, but at the lower end. i'm wondering if the lower end isn't struggling. lower end having trouble. there's this cohort, david, that's been left behind. it's important we remember this is the group left behind by inflation. a lot of people feel that inflation is under control. that's not what i felt from andy jassy. >> we've been hearing that there's weakness, particularly at the lower end so to speak of income, jim. you know, i wonder does that translate into a significant diminution in overall demand? >> no, i don't think so. i just think if you're in the high end and you're trying to sell something online for the holidays, i think you're going to struggle. it's not where the money is. by the way, these chinese sites, they're partners with

lots more from the ceo of walmart, doug mcmillan, exclusively.ake on the jobs market, pricing, and the rise of weight loss drugs. >> plus, the ceo of campbell soup is with us. how does ceo mark klaus plan to turn around a stock that has underperformed the ceo 500. >> and omar agular breaks down why the fed has enough support now to end its tightening cycle. >> but first, the markets, large-cap indexes, modest gains. the s&p 500 a bit off its highs. nasdaq off a quarter of a percentage point, although, sarah, another one of those days where the average stocks doing a lot better.