home depot reports results tuesday ahead of the open.mart which will be before the open on thursday while cisco shares are near multiyear highs and trending positively as of late, the same can't really be said for the other two. now to a lesser degree, you've got a nearer term uptrend for home depot, but still now 8% below its record high from the end of january, and home depot, of course, one of the big beneficiaries of the rally in the stock market since president trump's election then you've got walmart. with serious work to do. it's a negative trend since its own record high from january, and it's been down pretty much ever since shedding a quarter of its value. might that possibly mean more volatility around earnings so right now the options market is pricing in a 5% move up or down for walmart stock about a 3% move up or down for home depot for earnings and the options market is pricing in a 5% move upward or down for cisco. together the combined implied theoretic's market cap move, all three dow stocks is around just $29 billion o

to cover most of the country. >> home depot has a very seasonal spring quarter driven by gardening andtting out in their yards and some home improvement projects get delayed. it does have an impact. at the margin it sounds like it did impact on this quarter. >> you think it will be equally applied to apparel or not? >> i think it probably will be. they tend to go together. i think home depot had a great quarter. any company that is 4.2 comps with improving the margin that can resume guidance for the year i think is in a pretty good place. >> that's been a common thread today. a lot of established retailers would love to miss at 4.2. what did you make of retail sales coming in pretty good? tax cuts maybe starting to take effect, people paying down a little debt, saving a little bit, spending a little bit. you think consumer is showing signs of health despite the string of misses >> i think the consumer is in a great place especially the younger customer who tends to love the shot. i think they are finding more exciting things in physical stores than they did for the past few years. i th

selling options find the longer dated ones limits our risk a quick look at home depot stock.ed out, a little over a 3% move in either direction off earnings it's interesting we don't usually get really big moves much more than that. we'll try to make a play staying somewhere within that range, and the trade specifically we're looking at is the may-september 190 call spread. going to sell the may 190 calls, collect $3.45. buy the september for $9.55, net debit of $6.10 and really the idea is, we're expecting the stock to be at least in the near-term relatively range bound coming out of earnings this is a company i really like. definitely favor them over lowes corporation. a situation where longer term we might be bullish then an important point to make here we're improving our odds of success significantly selling that shorter dated option. one, because if a stock stays put we profit. as it decays more rapidly than the one we own secondly, reduced the cost of that long-dated call doesn't have to rise as high to profit remember, it was going to cost over $9. 82% chance you get

. >>> and how would you like to make money if home depot goes up down or nowhere at all on earnings >> everybody getting this so far? >> you will once mike khouw break down his trade it's time to risk less and make more the action begins right now. >> let's get right to it, because the s&p posts its best week in two months, one sector is on a stealth winning streak check out the industrials, up for seven straight days, its longest rally since december but could the run be overdone? let's get straight to the chart master standing by carter >> that's it seven straight days in a row, back to an inherently different level. an area of the market that's down on the year, trailing the s&p by a considerable amount and let's look at the lines. the lines are already on here. that is a very precise level to which this sector has rallied several times before and in fact, we've closed to the penny at that line i think the way to draw the lines after that would be like this the presumption is that we're going to get a little down arrow here let's put them all in red. so i'll make the bet that this

i really like home depot a lot for whatever reason they've been able to market and they also probably sell to a lot of little small builders that are building stuff not just the regular home buyer so people are still going into home depot like you said and buying things that stock looks great and hopefully lowe's is going to start to look a lot better in the next six to twelve months melissa we've just got a few seconds here but i want to get your take on how they were on a roll with your but they had some bumps on the road how do you see. going forward for the end of the year that's another tough one toll reported this week toll brothers that stock fell on the earnings the stock is in a down trend it doesn't look that good now doesn't mean things can't turn around for the homebuilders before the end of the year but we are into almost half their half of two thousand and eighteen and the market has been holding the up trend so to see an earnings report like that with a miss it's not great for the for the builders and of course as you know we're good rates are on the rise and i do belie

home depot reports a rare sales miss and the retailer blames unusual spring snow. >>> rolling the why las vegas is going to extremes to attract a younger crowd. osetories and more tonight on "nightly business report," he said, for this tuesday, may 15th. good evening, everybody. i'm bill griffeth. sue is off tonight. the dow's win streak was snapped today after eig consecutive up days. one factor may have been the 2easury yield hitting the highest level sin is 11. add to that new hints of inflation, a rise in o prices, you had declines across the board. the dow fell by 193 points to 24,706. the nasq was off by 59. the s&p 500 was down 18. bob pisani takes a closer look now at the declines on wall street today. >> reporter: two key factors drove the market selloff. first, after an eight-day win streak, the market is simply more importantly,ernflation co have come to the fore once again. stocks sold off after the release ofwo economic reports this morning after the market opened. and the empir state manufacturing survey. retail sales rose just about as much as enomists expected in april

on "mad money" tonight, sure it is easy to blame the weather, but does home depot have a point?>> is there more animal loved than mickey mouse? gambling can help bring the mouse back you might be worried about investing in the reits i have another way to play with real estate. cbre so stick with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. >> announcer: the earnings are relentless but cramer has burned the midnight oil and he is ready to run the gauntlet and find you a raging bull. all week cramer sits down with some of the most influential players. join "mad money" on air and online for must-see interviews you for must-see interviews you can't afford to miss at&t provides edge-to-edge intelligence, covering virtually every part of your manufacturing business. & so this won't happen. because you've made sure this sensor and this machine are integrated. & she can talk to him, & yes.

they want close to catch up to home depot and from a revenue standpoint, home depot in the fiscal yearected to put up a little more than $21 million. at 108 million dollars, they had roughly the same amount of sales and there is a big discrepancy between the stock. having back to the bloomberg and using that function the debt for depotyear chart of home in blue and lows in white, we see home depot is up about 20% and lows about 14%. if i switch this to a year to cap, home depot is doing now better than lows. this to beginning of lows catching up with home depot if the fundamentals here can -- >> widening between the two home-improvement retailers. bloombergtime for the business flash and a look at some biggest business stories currently in the news now. deutsche bank is about to embark on a global retreat for equity markets. according to people familiar, germany's's biggest lender will reduce its lending on -- in the u.s.. the middle east, and africa. it may reach 10,000. it is expected to announce the letters tomorrow. political novice -- charts the government. concerned about the pol

home depot shares lower.ler is looking at its outlook and warmer weather has already driven double-digit sales this month. our senioris analyst. great to have you with us. what is your teams forecast for the company? remainingstill positive on sales growth for home depot. it was related to the weather. they are already seeing significant growth in may and they have tailwinds in their favor, house information, and there is a lot in their favor. i think sales just got delays -- delayed. amanda: one of the reasons this because itwatched is is seen as a proxy on the housing in general. we have seen price movements where we have seen that we should not read it this way and it is not the beginning of a slowdown? seema: in the housing market? i don't think so yet. concernbe a little more , but they are seeing a rebound in sales growth. i feel the housing market is probably ok. amanda: what i shery: what is the strategy of home depot that it will perform better going forward? seema: they are focused on the consumer w

. >> home depot has a big can and gave me an estimate. >> reporter: signed a contractor with home depot. he paid the full price up front. three weeks later, no one came to do the work. calvin called home depot. >> we have to order your gutter. >> reporter: five weeks past and still no one came. >> and then rainy season started. >> reporter: work delayed because of rain. >> two months. >> reporter: home depot told calvin it could not replace the gutters after all. >> i don't think we can do your job. >> huh? i have a signed contract. >> reporter: and he paid in full. two weeks later calvin didn't have gutters or a refund. >> haven't even looked at the the paperwork. >> reporter: we contacted home depot and the company said it had already begun processing its refund. home depot tells us it couldn't do the job because calvin's gutters are embedded in his roof and that requires roof work that was not part of the contract. home depot tells us we never want a customer to be dissatisfied so we apologize to mr. chow. >> thank you, michael, keep up the good work. >> you're welcome. allowing them

one more, what do you invest - >> everybody is a customer of home depot >> as a home builder, you haveght buy a home >> and home depot has professionals buying from them as well. >> there's a confluence of positive factors everything coming down, sell today, come back, and hold for long term, you're okay >> all right we're out of time. go ahead, michael. >> that's a good point that it really is during trading hours when interest rates go up, stocks go down don't read into this long term >> all right >>> talking about the consumer just as we continue to look elsewhere, so you like the -- you like lowe's specifically >> i like lowe's, fortune brands on that sub sector there i like the financials, broad based, overweight those, health care has value completely beaten up some of the old school pharma, a merck, trading at single digits, almost ten times earnings. used to be at 15 times opportunity there. and then also go back to the auto parts and auto sector like gm, gm trading at seven times earnings >> wow >> watching the teslas of the world blowing up at this point, but you have a compa

first-quarter results from home depot. the largest home improvement retailer at $2.70 per share better than expected on earnings line. $24.9 billion in revenue versus an estimated 25 by $15 billion. the stock is up in the low was down 1% and it had been down one and three quarters of a percent. bob nardelli, ceo of home depot for a long time. looking at the environment right now. >> i thought they did a good job on the earnings side. we had some headwinds with the weather. this is the time of year when the garden area, garden department kickstand and prevented some of that. we saw lumber prices are going up. you did a story yesterday about flipping. this is reminiscent back when i was fair. people are making their money flipping homes than they were in the market. this is really great for home improvement. they do a major remodel or the turnover in regular real estate is good because people wanted to curb appeal and the enhanced even further. you are going to continue to see a strong performance by home depot. it's a little

home depot got hit when it reported sales so i wonder if home depot reported sales whether it wouldn't be a little bit better received but there is a sense that the consumer is alive and well, except for what it comes to home buying people didn't like -- i can make a case that eps wasn't so good but there's a lot to like. and they keep buying back a lot of stock but it's the home building side that people are really worried about because of interest rates. and there is, i know a little mortgage business not so great. >> yeah. >> a lot of other business good. >> yeah. it's great lock setting in people afraid to move because they refied at such an attractive number. >> the interest rates are up big. every time you say that, people say wait a second. did you refinance in '07 did you refinance in '05 '04. you could get 2.58 a little bit. i think housing is stronger than people realize people are buying apparel. i read the runway the disrupter on tonight people are buying apparel like mad. don't forget, a lot of these retailers got a second wind because they tend to have between 10 and 20%

walmart's down a lot and home depot's flat on the year. walmart's dragged up. >> do you think -- >> good point. >> is it energy related? >> i think it has a combination that maybe the consumer -- even with these tax cuts we know the truth that it really wasn't oriented toward consumers. it's more oriented toward corporates and then when you think about energy moving up, it's a weird combination. >> also consumers in some of the biggest populus parts of the country actually didn't get a whole lot of benefit from the tax deal. they kind of got you know what -- and these -- you get a lot of consumption. walmart, home depot, i think you could make arguments that those valuations didn't make sense two months ago. they don't make sense if you believe the consumer. the consumer has a lot of leverage. it's much more important than energy prices. >> that's a double pinch here. consumers are dealing with higher energy prices which may not in and of itself be that big of a deal but when you couple that with the exposure to short-term borrowing costs

no if home depot catch's lowe's, i'm a loser/loser. >> it's a nice pairs trade idea, short home depot, long lowe's. overall as i said, the bar is very, very high for them right now. the last thing, if you're a believer that interest rates are going higher, that's traditionally a time people cut back for a little while. >> except for -- i disagree. >> they will spend eventually once interest rates head down but just like housing itself, in the short term they do tend to cut back. >> let's credit jeffrey gunlock with a great call on the xhb and look at what it's done do either one of you want to play recovery in the xhb >> no. >> not right now. >> looks pretty awful. >> all right then. do you want to throw it to final trades too >> sure. let's go to final trades pete, you're up. >> have we done it am i up? >> pete, you're up first. >> yesterday we were talking about brazil and now we're seeing some paper in the eem as well so globally we're seeing more and more positive bulls coming in. 80,000 the september upside calls being bought in there. i like eem i'm not in it yet but i like the

i mean here in front of home depot. why you ask with incredulous snarky in your voice because they need stuff to improve my home i can fix stuff you guys that's why i'm going to work choir very is to lose of sorts for a per capita mowers multiple for my big gas lawn fine i'm lying i rather prefer in a studio apartment and i call the landlord whenever too much lint builds up in the dry air i'm not touching the lint filter myself. i'm actually at home depot because it's a multi-billionaire co-founder and lingo own just wrote a memoir entitled i love capitalism and we have to make fun of that before the author settled on i love capitalism working titles included i love blood ritual killings. of third world tears and i love capitalism it's the only way i can. it's probably better off he didn't go with any of those so who do we have to think for this book so we have bernie sanders to thank for this muck if you do tell us how sorry i really am. when i saw the mass of number of young people. gravitating to a bird bernie sometim

home depot co-founder and author of the new book "i love capitalism."love about you are the principles and loyalties you have. not to mention you have this marriage of 61 years and you are so loyal to each other. but you have principles to do the right thing. >> i give credit to defending my judgment and why i thought as a member of the committee that happens co-incidentally that this benefited dick. but i knew how we did it. we had a process we followed and i knew everybody else knew and everybody else agreed. all of a sudden the sergeant schultz from mash, i could have forgotten. maria: i watched the firsthand how dick kree aired the such an event when somebody rang the opening bell. >> when dick took over there were 1,200 listings. he got 1,600 more in 7 years. maria: then there is g.e. long time board nebraska o -- le board member of g.e. >> jack built a company that was made to withstand the test of time. maria: what happened? >> the culture first of chawl changed dramatically. there was a evident by the leader to unseat jack. jack was meticulous.

i mean here in front of home depot. why you ask with incredulous snark in your voice because i need stuff to improve my home i can fix stuff you guys that's why i'm going to work choir various two of swords for a per half's mowers multiple for my big gas lawn fine i'm lying i read there prefer in a studio apartment and i call the landlord whenever too much lint builds up in the dry air i'm not touching the wind filter myself. i'm actually at home depot because it's a multi-billionaire co-founder and lingo own just wrote a memoir entitled i love capitalism and we have to make fun of that before the author settled on i love capitalism working titles included i love blood ritual killings. of third world peers and i love capitalism it's the only way i can. it's probably better off he didn't go with any of those so who do we have to think for this book so we have bernie sanders to thank for this muck if you do tell us that starting at the end. when i saw the may have some number of young people. gravitating to a bird bernie s

that makes up about 20% of home depot's first quarter sales.er hit hardest in april which the company said was one of the coldest and snowiest aprils in 20 years >> i don't think it's nearly as bad as this looks. we had a slow start to spring. and this is coming off of two years where there really wasn't much in the way of a winter. once the weather turned sales picked up. >> in fact, home depot said many comparable sales are up double digits just a little bit more than 2% in april good news, may is the most important month for gardening. home depot executives express confidence that sales lost in the first quarter will get picked up in may, june and july and as a result reiterated its full-year forecast while outdoor categories missed the mark, the rest of the store did well sales of items $900 and above grew 10% sales of appliances increased double digits including now higher priced washing machines because of tariffs, and th company tells me consumers aren't changing their buying behavior as a result of those higher prices. lumber is still s

home depot is a better run company. i'm excited about lowe's because for the first time in a while they're recognizing their issues better they seem to be more aggressively addressing them >> more upside on lows >> probably. the key with lows now, you have a cheaper multiple, more depressed operating margins. if they can close that operating margin gap, that's probably a better stock dofrnlg th >> do they take bitcoin at home depot? >> joe, you're exhausting today. what time is it? i don't know if i'm going to make it. >> i only do it to people that i love >> that means joe loves you. >> it's love. >>> when we come back, a painting that we told you about yesterday, setting an auction house record we have the details next >>> also a look at rise of this mystery company, up 200% in the last year, we will reveal the name of the company and talk to the ceo straight ahead if you know it, send us a tweet. back in a moment (birds tweeting) this is not a cloud. this is a tomato tracked from farm to table on a blockchain, helpin

lowe's is ripe for a basic reorganize and he's going to challenge home depot and maybe take some home depot people. >> target gross margins down year on year as they pay more for remodelling and wages. comps were better. best traffic in ten years. >> target was a good quarter it was a good quarter. the way these work, so everybody knows, when a stock goes down at the opening, that's people who are freaking out but then they continue to reload and they sell and they sell and sell and i don't know but the vast majority is close it below because you have a broker working to sell a million shares what the broker wants to do at the end of the day and say listen i got you an average of $70.30 and the stock went out at $69.80 i beat the low. >> as for the quarter, margins go down as e commerce goes up. >> that's what you want. it doesn't matter. today is a bad day for target. >> you want margins to go down >> no. brian is shifting the strategy to take share from amazon. >> you can have a good business but it's expensive to compete with amazon. >> yeah. the merchandise is great cornel is doin

home depot is a big competitor to lowe's, and it is not an easy one.ill they be able to bridge the gap? it is uncertain, in our view. caroline: we will see. stocks trading a little bit higher. great to get your insight on both jcpenney and lowe's today. still ahead, zuckerberg in the spotlight. theill preview facebook ceos testimony before parliament. this is bloomberg. ♪ vonnie: this is "bloomberg markets." i am vonnie quinn in new york. caroline: in london, i'm caroline hyde. facebook ceo mark zuckerberg faces another legislature today and it is in brussels. he testifies before the european parliament for over an hour today. he wants to tell them how cambridge analytica acquired the date of millions of citizens. let's bring in a bloomberg opinion columnist. this is going to be quite a different environment than what occurred in the united states. are we going to get tougher questioning? it is fewer people and perhaps deeper knowledge. >> there is fewer people, and also less time. heads of theey parties, not necessarily the specialist. from what i und

home depot really drives their business. ken: just look around and see what is going on. into new home sales. urijah point when somebody wakes up and says i don't get anything for the rent. if i buy a house -- what is good, we have done away with some of the excesses. i don't think it is wrong to say you have to have 20% down. that is healthy. a lot of people bought homes that buried them because they were in a whole from the day they got the mortgage. pitch.ith is my alix: is that going to be the trend? nela: i hope not. i think there -- they are healthy now. i would like to see them relaxed a bit. people who have yet -- who have less than perfect credit scores used to buy cheaper houses so the overall risk was lax. what was the problem during the financial crisis was people with low credit scores and low income were buying expensive homes and nobody was checking their ability to pay. havenot that because you you have a life event and something happens and now you have imperfect credit, that you should be limited to from homeownership. we are not that unforgiving in our

if you're going to play the negative game with home depot you're making a mistake.ce sheet, spring cycle for all those planting will catch up next quarter home depot is here. >> lowe's is interesting obviously home depot is best in class and has been. >> lowe's was a fast pitch recently. >> up a little i've got to say i wasn't so thrilled with the ceo choice. >> marvin allison from jcpenney. >> i felt like, i don't know, momentum, you sort of want someone coming off a victory. >> i could not agree with you more. >> he might be extremely talented, exactly what they need. >> he was the one that brought appliances to jcpenney didn't he bring appliance toss jcpenney. >> jeans which i'm wearing right now, wranglers. >> yeah, baby. >> anyway, you mentioned lowe's. home improvement stock, one of them, lowe's earnings before the bell market applying moves on this report so let's get to our own dan nathan who is in las vegas dan. >> pretty boy. >> it all stays here, people here is the deal this lowe's tomorrow morning, this is going to be really interesting. i know you guys

you look at home depot, i thought while the market reacted negatively to home depot, i think they turnedry good performance. they beat the earnings for section -- earnings projection. i think that will come back. a little seasonality cut up in that. they had some headwinds. it has been a long winter and that has affected the gardening product which is a big upside for the first quarter and second quarter with planting. a lot of freeze out there. i think they will recover that in the second quarter. they do a great job and i think they deliver to the consumer something amazon can't. that is associate interface, helping them assist with projects. working through the do-it-yourself concept which is a real plus for home improvement, specifically home depot. haidi: we will have to leave it there but always a pressure avenue on --having you you. bob nardelli. we will keep it here on daybreak australia. this is bloomberg. ♪ sitting over the markets in terms of asian stocks, the biggest decline in two months. equities pointing very much lower. early trading showing negatively in the u.s. this is

home depot is crushing it.i mean, no the ththe culture th great and i just think it is a fantastic company and i want you to know it judy in new jersey. >> caller: hi, jim, i'm calling you because i have a question about ca i have been a significant stockholder since the early '90s and seen it go from the '60s to where it is currently. all of the reports i have read are most often favorably is there any reason this stock price can get out of its way. >> candidly, i have not looked at it for years. and we will look at the quarter and then we will come back judy, i am going to come back with more. the big guys missed it they missed the explosion of google and amazon. i think they didn't realize how big the cloud will be. estee lauder can help you look like a million bucks, but is it more than skin deep. i will see if this wall street stunner goes higher. spotify, struck the wrong note with wall street the market is listening to the wrong track. can waiting petroleum have more in the tank? i have an exclusive with

and lowe's shares will rally. >> what do you do with a recommendation for buying either lowe's or home depot on this news we're buyers of both stocks. we think the home improvement cycle still has legs we're mindful of the fact rates are rising inventory levels are low in the housing sector what that's doing is pushing up home prices. as a result, feeling more confident about investing in their existing asset they're also staying in their home longer. and we have an aging housing stock. so fundamentals in the home improvement sector remain good assuming that the leadership team, the new leadership team at lowe's can affect change, the story can add an idiosyncratic element by execution all that and it's trading for less than 16 times earnings. it's a buy here. >> let's talk about target very quickly. came in with earnings that were light of expectations. $1.32 versus the $1.37 the street was expecting in earnings per share. they are still standing by their guidance for the full year what do you do here? >> well, what you do here is wait and see we're going to have to hear more on the confere

he's in here for the home depot killings. into a home depot to rob it. he's wearing a paint suit with a mask and he's got coverings over his feet. you can't tell who's in there. but apparently he comes up to the manager. the manager is begging for his life. begging for him just to leave, not to hurt anybody. and he grabbed the money, shot the manager, and took off. >> jason richardson has already been found guilty of killing the manager of a home depot store, a former marine who left behind a wife and young twins. but jurors deadlocked when it came to determining richardson's sentence. >> he was up for the death penalty. there was a hung jury. >> you know the drill. >> it's about to restart again so they can find out whether or not he's going to end up getting the death penalty or life in prison. >> but, for now, richardson's focus is on his complicated love life. while he has three children with his wife of 20 years, he recently began a relationship with another woman, a childhood friend. >> it's such a blessing. we so know

he spent 12 years at home depot and 15 years at target. they have pointed to his weakness in merchandising. most of his career has been in operations likenhancing the supply chain and integrating the stores and website, but that weaknesss a key strength for his new job at lowe's. the home improvement retailer has a history of falling behind home depot often cit by analysts as a better operator with better store locations and bigger professional business while h instituted a number of hrategies wit mixed results at jcpenney, the sudden resignation isn't what they wanted. many s initiativestill getting underway. alan questrom is worried about the nearly 100,000 jcpenney employees.wa >> i think h well liked but he had none of the background necessary to run that kind of a ampany so i have to feel sorry for the peopl the penney company who have gone through veral different ceos in the last 10, 15 years. i think that it's really -- have to set bacthem back. >> reporter: one analyst says his leadership skills will be hard to replace. another say

home depot one of the big drags. what's fueling the fall in the dow and in home depot? a closer look at its earnings and everything moving market coming right up on "power lunch. it can power your apps with public services without starting from scratch. it brings your business up to speed, doing more with systems you have in place. it can bring all your apps to life and run them within your data center. it is... the ibm cloud private. the cloud that's built for all your apps. ai ready. secure to the core. the ibm cloud is the cloud for smarter business. secure to the core. mr. elliot, what's your wiwifi?ssword? wifi's ordinary. basic. do i look basic? nope! which is why i have xfinity xfi. it's super fast and you can control every device in the house. [ child offscreen ] hey! let's basement. and thanks to these xfi pods, the signal reaches down here, too. so sophie, i have an xfi password, and it's "daditude". simple. easy. awesome. xfinity. the future of awesome. >>> welcome back to "power lunch. you both got quiet so fast right there. you were talking right up till th

three men allegedly took off with a bunch of tools from home depot in san ramon and then they were trackedd up crashing this car, as you can see here. with the paper plates. now, i'm not sure if maybe we can tell our photographer to pull back a little bit, but he may not know. anyway, the traffic is going to be affected only on stone valley road. ended up running into here, the traffic is going to be affected on stone valley road with the police and the fire department here. we have a couple of suspects in custody from what we hear, but there is one outstanding, so don't get off the freeway at stone valley road. i want to put the freeway traffic on here, it's not affecting freeway traffic, however nearby there was an injury accident southbound 680 at treat, that is affecting the traffic from concord to walnut creek. bay bridge has been slow, we had a crash at west grand coming up to the bay bridge, which has made it that much slower getting through. 880 north and southbound looks okay in front of the coliseum. southbound 680 is low from dublin to pleasanton. i want to mention san jose, it'

i love home depot as well. they ran into that tough weather, and that was the last part of their quarter. >> they are domestically oriented. >> domestically oriented company. they had a nice bounceback today. i think the names across the board, how about tgx, another all-time high, i believe when you look at some of these names, can they compete in an amazon world that's what we always bring up and many names can i think costco can i think home depot does. i think target is going right at them the same way best buy did long ago thing are names out there that can absolutely compete and it's not just amazon's world. we say it all the time. >> home depot and lowe's trade with the builders. how much to everyone's point is the effective tax rate when you look at a lot over the retail names. the forward facing u.s. centric businesses >> i think lowe's was in the market perception and the been fit they get in from the tax deal, i think they were hurt by this meanwhile, lowe's is investing in their business. of the two

lowe's has a new ceo coming in, from jcpenney, and before that home depot where he learned what it takes to improve home goods execution even though he didn't do it at jcpenney. it's apparel and make up and the guy is a hardware type of guy and bill ackman bade a billion dollar bet on lowe's here's the thing lowe's actually missed the numbers. after today's action home depot is a better buy. low's is now in l.a. l.a. land as investors are tired of hum drum companies with amazing performance. they would rather take their chances with the riskier situations tiffanys and ralph lauren are more justifiable runs. they made strides in improving execution in a lightning period of time. tiffany's brought in the former ceo of diesel and bull gar e that's a store i always try to rush by when i'm shopping with my wife as you their prices are higher than any chain in the mall he transformed what was once the stodgiest retailer around into a growth power house 7% same store sales. street was looking for 2.6 shockingly better reports. the numbers only tell a fraction of the story it had been ages since

home depot co-founder and author of the new book "i love capitalism."i love about you are the principles and loyalties you have. not to mention you have this marriage of 61 years and you are so loyal to each other. but you have principles to do the right thing. >> i give credit to defending my judgment and why i thought as a member of the committee that happens co-incidentally that this benefited dick. but i knew how we did it. we had a process we followed and i knew everybody else knew and everybody else agreed. all of a sudden the sergeant schultz from mash, i could have forgotten. maria: i watched the firsthand how dick kree aired the such an event when somebody rang the opening bell. >> when dick took over there were 1,200 listings. he got 1,600 more in 7 years. maria: then there is g.e. long time board nebraska o -- le board member of g.e. >> jack built a company that was made to withstand the test of time. maria: what happened? >> the culture first of chawl changed dramatically. there was a evident by the leader to unseat jack. jack was meticulous

and if you garden like i do, that means it is time to go to home depot for gardening supplies home depot reports tuesday and conference calls have been pure joys for ages. what is doing well and how management views the state of the consumer i bet home depot will have a remarkable quarter the staff is fantastic, but what has me jazzed is their technological edge on the competition includes lowe's which has allowed them to consistently take market share by all means pay close attention to the cfo who will give you the update on the health of american consumer i take her word as gospel. yesterday we caught a brutal downgrade of macy's. from hold to sell. the company has been doing so much right under ceo the piece had a two-pronged pieces the big gains of real estate sales are behind macy's, and the instore sales may be weakening have you checked it out lately it is terrific now i know the weather wasn't terrific for retail this quarter. but macy's will tell a good long quarter. may wife was there in the fifth floor of bloomingdale's that won't count for this quarter both have a track reco

. >>> founder of home depot is in lf-made su green room with why he says she not a three-alarm fire, boat in martinez. last night's fire also >>> good morning, it's jgc8:tha i'm kenny choi. investigators are looking into a three-alarm fire that burned four motorhomes and a boat ir.$ martinez. last night's fire also caused some propane tanks to explode. no one was injured in the oñm-f that storage facility was on franklin canyon road. >>> things could be smoothed over today at a bay area community college. trustees for the city college of 0lsan francisco ÷fñjnvwill v a labor agreement with a union representing the faculty and other workers there. we'll have traffic and weather in just a moment. ♪you've got a friend in me. ♪you've got a friend in me. ♪you've got troubles...i've got 'em too...♪ ♪there isn't anything i wouldn't do for you...♪ ♪you've got a friend in me. celebrate friendship and beyond at pixar fest now through september 3rd. only at disneyland resort. >>> good morning. it's slow through oakland this morning. the nimitz freeway northbound side in the red just under a 45-m

but the most recent time was at a home depot. scuderi is warning other drivers.<"i think that this is important that people know this is even an option. especially older cars or suv's that are higher off the ground people can get in and out. so i was just in home depot for thirty minutes so it must have just happened so fast.">( james ) oakland police didn't respond to questions about how common this theft is in the area. ( darya ) happening today ... bay area officials are meeting this morning to discuss the area's housing crisis. the event will showcase alameda county housing resources and programs. these programs help neighbors get affordable housing and avoid being displaced. alameda county supervisors will also discuss ways to create new affordable housing. the event will be at 8:30 this morning at berkeley city college. ( darya ) new this morning... officials in santa clara county are warning people that the warm weather can result in increased mosquitos and ticks. people need to be diligent in inspecting and maintaining their properties along with checking

home depot. i like it quite a bit.th earnings, and beat on the overall revenue and risk share, but store sales were down. stock was down as a result. we talked with the head -- the ceo of home depot in atlanta a few weeks ago about the home market overall and what that meant for his is the spirit he was very bullish. >> we are very porch net -- -- fortunatemer that the consumer is willing to spend in the home improvement sector. for housing, it has been a tailwind for home depot. if you think about new household formations, we are getting back to $1.2 million, which is a positive for the business compared to where it was in the downturn. seeing money a represent about one third of all new household formations, which is also renews. david: that is the ceo of home depot. you can probably hear the accent and we are both from michigan. housing has been a tailwind for them. julia: the question is -- it is -- is it a temporary blip? we have higher mortgage rates on the back end of the curve creeping up. shortage on the deman

the manager here at this home depot store called 911 early this morning after police say they spotted three men in the parking lot loading thousands of dollars worth of stolen power tools into their car. in the end, they were taken into custody after a brief pursuit and a lengthy search that took place in this area it was a san ramon police officer who initially spotted the trio making their getaway from the home depot store. that officer followed along until marked patrol cars moved in and began chasing that acura north along 680 at speeds that reached up to 100 miles per hour. the getaway car exited the freeway at stone valley road and crashed into it utility box. the three men jumped out and started running. two of them were arrested right away but the driver was on the run for about two hours. officers from san ramon, the sheriff's office, and the chp set up a perimeter to search for the driver. they eventually found him hiding in a creek bed. >> he was trying to get away from us. we had several citizens call us and tell us there is an individual running across the freeway and the

i don't think the interest rate sensitivity should be around home depot but it seems to stay in this name. >> we have a news alert out of washington, d.c. let's go to eamon javrs. >> we have a correction on a story from nbc news we brought you earlier in the day today here it is earlier today nbc news reported there was a wiretap on the phones of michael cohen, president trump's long time personal attorney citing two separate sources with knowledge of the legal proceedings involving cohen. three senior u.s. officials now dispute it saying the monitoring of cohen's phones was limited to a log of calls known as a pen register, not a wiretap where investigators can listen to calls. nbc news will continue to report out the story. melissa, that's the update from the white house. back to you. >> thank you so grosso, we saw the markets move on this earlier. >> add it to the list of unknowns in the marketplace and the tape bombs you see once in a while. be prepared for it this is a product of volatility. these one-liners, the headlines aren't going away unfortunately. invest through them. >>

but given, home depot -- but again, home depot is one of the two 800-pound gorillas.g somewhere. >> dagen: great to see you. >> it's laurel, not yanny. >> dagen: are we doing that? i was going to not weight in on that. >> i had to say it. i had to. >> dagen: i haven't med anybody who -- met anybody other than ynny who tweeted about it. still ahead, apple reportedly eyeing a new campus, the southern states being considered by the tech giant, next hour, "mornings with maria." ♪ we know the value of trust. we were built on it. back when the country went west for gold, we were the ones who carried it back east. by steam. by horse. by iron horse. over the years, we built on that trust. we always found the way. until... we lost it. but that isn't where the story ends... it's where it starts again. with a complete recommitment to you. fixing what went wrong. making things right. and ending product sales goals for branch bankers. so we can focus on your satisfaction. we're holding ourselves accountable to find and fix issues proactively. because earning back your trust is our