kroger has made big changes. down a little more i think the people can rally behind it a few days from now. >> guys, last point from me. not to toot our own horn, but discovery ceo on with us yesterday. they shared news about getting added to hulu. during our interview they indicated they got a deal with sling, as well. the stock yesterday up over eight percent. we are talking about a more than 11% jump in shares of discovery. it has been a very good year for the stock. you can go back and see that it was higher in 2015. answering a lot of investors ' fears. the answer apparently is yes. that is giving them some real momentum. >> wow. >> what a great call that was. that interview was spectacular. it showed you we are killing it. >> dow is up 154. let's get to bob pisani. >> happy thursday. great start. two things matter here. turkish government raising rates calming emerging market fears. cpi a little bit light, yields down, stocks up on that. take a look at sectors. i always put up the trade, emerging market jit

julie: well, we will keep watching kroger. oil, retreating from the high with signs global markets are well supplied. we will check in on crude, next. coming,ward, futures this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. julie: time for futures in focus. oil falling from a two month high, performance stress capital partners joining us from the cme. -- alreadyie down down and 45 minutes ago it took a sharp leg downward. what are you watching? context, we have not been able to get through $70. you go back to 2014, oil to get through $70, coming down. that is the resistance level. what is going on in the southeast -- giant hurricane. the pipeline was going to get shut down, it seems like it will rain a lot and the four-ball -- an and the horrible. 4% the past couple sessions, down 2% now because the storm will not be as big a deal. we're touching that. oil done bye seeing so much when the dollar is also weak. that is unusual over the past six months. >> exactly right. there is a supply and demand in the price

i'm going to pitch kroger. i'm glad i'm doing it now post-earnings.oger got smoked after they came in for whole foods probably made sense at the time but mistakenly left for dead went back up to 32 just reported earnings were not a disaster. revenues basically in line man gin were up. not a disaster partnership with alibaba, interesting stuff. recently over the last couple of days, this probably doesn't appeal to me, they're getting another thing in the clothing business with something called dip. unfortunately name, i know with the earnings selloff, alibaba partnership, the fact the stock was in my opinion left for dead, and i think they are in the midst of a turnaround, i think kroger actually works here plus on a lousy take today, that stock was higher that's a bit of a tell. >> what do you do with the fact that many guys in the staples pace are competing with most of these guys one is going to be amazon, one is going to be walmart >> it's sucha huge space i don't think there are just two winners. i think there can be other winners. i think there's

it's the opposite of kroger. same-store number >>> the next guest was an adviser of president obama during the financial crisis and then, of course, treasury secretary. jack lew is here also served as white house chief of staff and omb director. thank you for being here, as we try to assess where we are ten years later. i want to read you something from today's "the new york times" which i think is pretty interesting about the questions about whether the policy response to the crisis worked or not. data from the federal reserve shows over the past decade and a half the proportion of family income from wages has dropped from nearly 70% to just under 61%. it's an extraordinary shift, driven largely by the investments profits of the very wealthy. in short, the people who have possessed tradeable assets especially stocks that americans are depending on savings from their wealthy paychecks have yet to see when you think about the recovery, it looks from a headline, tom line perspective quite tremendous, right? 3.9% un

have increased significantly and shares are up by as much as twenty percent at stores like sprouts kroger and natural grocers analysts noted the farmers' market has seen very little share loss in markets where it overlaps with whole foods because the majority of its stores are located in middle income suburbs where hours whole foods tends to target areas where consumers are less price conscious amazon. face criticism for centralizing purchasing and raising supplier beans which have sent some sellers to your local grocery stores to make a profit from their produce reports have also noted that whole foods rivals have been forced to decrease margins to keep up with pricing staffing and convenience with some relying on federal tax credits to stay afloat one year after the merger it appears that amazon's investment is paying off and while some consumers are enjoying the latest prime deals at their local whole foods there is still enough business to keep other health food grocery stores and the game in washington rachel watch bens artsy. and that's it for this time thanks for joining you can ca

months later at the facts were apparent shares were down for sprouts farmers market is super value kroger costco target and wal-mart with the six stores and michel we were losing nearly twelve billion dollars income buying to market capitalization amazon launched a round of price cuts out of whole foods that targeted produce such as organic apples bananas and all of a cod a and in recent months amazon has added discounts and delivery options for prime members who shop at whole foods recent reports indicate that not only is whole foods thriving in twenty eight scene but other healthy grocery stores are also seeing an increase in revenues resale data shows that amazon's visible store sells have increased significantly and shares are up by as much as twenty percent at stores like sprouts kroger and natural grocers analysts noted the farmers' market has seen very little share loss in markets where it overlaps with whole foods because the majority of its stores are located in middle income suburbs where hours whole foods tends to target areas where consumers are less price conscious amazon. fa

davita the big winner and kroger the lagger of disappointment in sales numbers. a mix of better merging markets. it lead the charge >> exactly the common thread is it is looking a lot like the dollar a couple of weeks ago maybe put in a high far while it is relieving a bit of a pressure point a very well mixed market big indexes had a decent rally market has been comfortable belong the most recent ones. banks down 1%. there is always something in the mix that causes you to say is the market turning very defensive or kind of resting and it seems well supported here >> i guess the macro is playing into things much more than it did the prior couple of months >> we had earnings we are obsessed with this macro. i would say the inflation numbers i kind of feel like it is goldie locks. we had good numbers last week in m manufacturing. we had the a record high you have inflation or something like that. so very good for stocks is my point. so then it's conference season, right? that's the one thing that that i have been kind of focused on companies are kind of confirms th

kroger sales fell short of analyst expectations.crifice profit to keep on investing in online ordering services. they want to compete with amazon and walmart. because they missed expectations the stock is down 9%. >>> look at microsoft, please. liz: oh. stuart: don't have to play the trumpets but that is a new all-time high. $113.28 per share. if you had told me all those years ago when i was buying it years ago, that it would get to 113 i would never, ever, believed you, ever. ashley: look at it now. stuart: ahead of the hurricane, look at insurers, allstate, travelers, they're the ones with a lot of business in the carolinas. both of them up today, especially travelers. how about the home improvement stores? lowe's and home depot, they are both down today. and the utilities that serve the carolinas, are as you know, duke energy and scana. those two stocks down a fraction. >>> still on the hurricane, let's talk about the economic impact. scott, short-term pain, yes, long-term gain for the economy. what do you say? >> most likely. s

since then kroger stock has run up about 50% like so many other retailer, they actually figured out how to listen to their customers and get them the products where they want, when they want, how they want, however. whatever it takes to keep that customers. and the supermarket is pretty immune to world trade worries. the moves in some of these stocks are costco up nearly 5 bucks today it's going in the right direction. and the ups confab i am pass fwhatd this company. now, there is a lot of chatter on wall street today that you're going to hear bad things about how the company is doing when they meet. i don't think so ups is a terrific ecommerce winner you might want the buy some before and maybe buy some after. how much do i care about this? here's what i had to say at the comcast center yesterday >> a caution on ups -- >> no buy t, buy it! yes, buy ups something's going on >> i hate it when i equivocate like that. waffler. it's like the waffle house, isn't it on friday, we hear from dave and busters, the chain of restaurants full of games. now this is a huge play on the experiential e

brands, the names you know, including amazon and walmart big competitors, kroger, walgreens and the list goes on and on costco, macy's, ebay, target the first is the xrt itself and then, which is key, the relative performance to the s&p 500 one, what we know is that we made a slight new high but basically we have been rebuff there. it's been basically straight down so there's no outfit here this relative to your choice being the market but what's really important is every single time we have gotten to this down trend line, we have failed not a good sign. i don't like it. moving on. here's the xrt itself. they're going to come down to the trend line that's been in effect i'm betting that's exactly what is going to happen to xrt. there's a message here about retail. >> he doesn't like it. >> this is kind of an interesting one and it sets up well for options one of the things is the fact that xrt is equal weight names like target and costco and walmart, they have the same as that and those are the same impact on xrt and what ends up happening is that typically if the market takes a down tre

the stock has risen significantly this year on a number of deals they have done with the likes of kroger, and what it needs now is further fuel. the statement this morning doesn't really provide that. the thing to watch will be the company's conference call where analysts will ask about future deals, about negotiations with kroger, and that will be crucial in determining which way ocado's share price moves today. matt: thanks very much. anne-marie, what do you see with zalando? anne-marie: already in the premarket, it is down more than 50%. it dropped as much as 20% when it opened. they cut the 2018 outlook, saying they see third-quarter revenue growth, adjusted earnings significantly below analyst estimates. as meant shouldn -- mentioned, look at asos. the read across from zalando under pressure could affect those stocks. matt: thank you for joining us, paul jarvis and annmarie hordern. what else are we watching today? anna: a lot of other stocks to watch. smaller caps in the u.k., a bit of m&a. jardine lloyd thompson, mcclendon in the u.s. buying that business at 19.16 per share. 12.lo

this is trading nation today we're looking at kroger getting crushed.he supermarket chain plunging 10% after reporting earnings this morning, the stock now tracking for its worse day since back in march. mark and matt. how much technical damage is being done >> a certain amount but the stock is at a key technical juncture the one thing, this stock sees gap moves in both directions i'm not as worried about it as i would normally be. to talk about why i say it's at a critical juncture here the stock earlier in the year in the spring it made a higher low and then in the summer a very nice higher high. when it made that high, it broke above the trend line going back to the 2016 highs. now this decline especially with today's move has taken it back to that line breaks below that line any significant manner it will be negative for the stock hold the line thus giving us another higher low, it will be quite positive quite a coin flip right now but i don't have a strong stance on it but whatever way it moves after today, a lot of gaps what happens after the gaps

kroger shares were off nearly 10% to 28.50. rsheys is growing the snack poefrmt. ce maker of reese he is peanut butters said it was buying pirate brands for more than $$400 million under the deal hershey gain control over pirate's booty popcorn and smart pufrs hershey shares up a fraction to 106.60. meanwhile the new york posts activist hedge fund hr rauras ae examamassed a stake? contraries's entertainment with a push to push the sell of itself process if they won't consider a sell then they say hgvora would like it to sell significant asss. shares of casey countries arso rose 1045. shares and restoration har nwake spiked o the ceo bought 8,000 rh sharasmitsing to $1 million worth of stock. rh shares finished up 3% to. 135. after the bell sears reported a drop in same store sales. that improved from the previous quarter. the retailer initially planned to release results before the market opened. but then postponed. sears says it's still seeking ways to return to profitability. shares initially rose in after hours but fished the regular day down 9% to $1.21. >>> a

krogers supermarkets, walgreen's, costcos, macy's, jewelry, ebay target what i have here is a two panelhart. the first is the xrt itself, and then the relative performance to the s&p 500. we put in some lines here, i just would call out the following. one, what we know is that we got above and made a slight new high, a slight new high, but basically we've been rebuffed there, but more importantly, relative performance to the s&p 500. notice of course it's been basically straight down. there's no alpha here, this top thing relative to your choice being in the market, but what's really important is that every single time we have gotten to this down trend line, we have failed it's not a good setup. i don't like it. moving on. here is the xrt itself there is that double top let's put some lines in and see if we can show that. there it is. at a minimum, i think that we're going to come back to the trend line that's been in effect, and that would put us right back here, and so i'm betting that that is exactly what's going to happen with xrt. there's a message here about retail and consumer in

. >> guy >> kroger. >> all right does it for is >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. >>> maybe we need to take all these worries about the tariff president trump is slapping on chinese imports, with a grain of salt even on a not so hot day today, dow lost 93 points, s&p declined nasdaq did plunge 1.43%. it makes me wonder if this trade war matters as much as many think given what is rallying versus what went down today. well, i don't know, once it got hit the least, are the ones that should be hurt the most. this session is a good barometer of what i mean the stock market is a for cast much right now the market is saying china is not what you should be worried about. the stock

consumer staples weak, led by kroger.nergy shares also a drag on the major averages with oil prices trading lower. stocks rebounding. philadelphia semiconductor index had seen a slide over the past sessions, down 67%. losses in six days. very weak as a late. rebounding stocks. outlier tooing, amd, the upside within semis. setting prices are good at highest on the street. qualcomm reinstating overweight at barclays, company starts $16 billion accelerated by back and we have an apple ripple effect in wake of the product announcements. firstapple suppliers, gain in 12 days. apple, representing 30% of revenue. when it comes to amd, outlier. it had four down weeks going back to april. extraordinary, the gains they have had and especially since it has been a sharp contrast with the industry. a quick check on builders. decline in the homebuilders after a major companies said a survey conducted pointed to third quarter order downside. 30 yeareantime, mortgage rates up to 4.6%, third straight weekly rise, concern about rising rate

competitors like walmart and kroger have stepped up their online grocery presence.hoping to make a name for itself and competitive real estate market. it aims to give people affordable places to live. the company has raised funding. we caught up with the ceo, andrew collins to discuss. >> residential real estate is a largest asset class -- the largest asset class in the united states and has not really been affected by technology. it is time for real estate to adjust to the modern world. bungalow takes existing inventory where families and lifestyles were different from the 1950's, 1960's, and adjusted to today. emily: everybody has heard about trying to get an apartment, it is such a headache. how does it work? >> we streamline the process. we make it much easier with our online listings. we have 3-d walk-throughs. we help individuals with finding other great people to live with as well. that's the real bread-and-butter of bungalow. emily: why is this not something that airbnb could do? >> bungalow is in the business of providing different places -- permanent place

shocking 11-year-old donesha gowdy with a taser -- officer kevin brown escorts her back into this kroger and two other juveniles stole more than 50 dollars in food and clothing. nat soundofficer brown: "sweetheart. the last thing i want to do is tase you like that. when i say stop, you stop. you know you're caught. just stop. that hurt my heart to do that to you." showing his concern -- brown stays with donesha to keep her calm while the fire department removes the barbs from her back.nat soundofficer brown: "ok, that's one. just relax." it's police protocol to review every use-of-force incident. based on the department's internal review -- brown's first policy violation was not warning donesha about the taser.nat soundofficer brown: "then i got to listen to all these idiots in the parking lot, tell me how i was wrong for tasing you. you broke the law and you fled as i tried to apprehend you." the use-of- force review also says brown did not turn on his body camera in time and expressed a prejudice concerning race.nat soundofficer brown: "you know what sweetheart? this is why there aren'

we are proud to have some incredible companies, procter , and gele, kroger aviation. a working and middle-class district. people are concerned about skyrocketing costs of prescription drugs and the fact that premiums are going up. and the fact that middle-class and working class families in the first district have not had a real raise in nearly 20 years when compared to inflation. back through history and looking at how presidents fared in your districts, it it seems that they went mostly republican with the exception of obama against mccain. president trump was six points above hillary clinton in the last election, does it tend to be a republican district and does that give you an uphill battle? >> yes, we have be eyes wide open. the district was drawn to elect a republican. gerrymandering is rampant in ohio. the reason this race is so competitive and the reason why we are confident we will prevail is because when i'm in the district talking to voters in or westwood,n, people view d.c. and our system of government as broken and toxic. they view career politicians lik

shares of walmart and kroger tumbling after the announcement. kniffen 3,000 cashierless stores can even amazon pull that off? it seem seems unlikely. >> it does seem unlikely, but if it's 2021 or 2025, cashierless or not, 3,000 stores >> just finding 3,000 locations and signing leases, all that is weighty, time consuming stuff. is it not. >> we had 4,500 shoe stores, we opened one every third day can it be done yes, it can. >> that's 100 a year roughly >> yes >> so 300 over three years can they work at ten times the pace you did >> i can't imagine you can open 3,000 in three years i can imagine you with open a lot. >> do people want cashierless stores >> everybody out there knows that most grocery stores have the self check out you see people go up, either they have weighted items, or the upc code is not scanning >> they just opened one in chicago in the last few days i'm sure there's a line out the door to go in and cashierless purchase stuff >> right now it's a novelty >> right all the ones they have opened have been the same way but it won't

target and kroger fell on the news separately amazon is testing a new service called scout which will provide automatic recommendations for products on its platform. >>> eu regulators say they're looking into whether the ray amazon uses merchant data stifles competition. european competition commissioner said the issue was about the company hosting merchants on its amazon marketplace website while also competing against those retailers using data from their sales. >>> aston martin says it will seek a valuation of up to 5 billion pounds in its initial public offering. the british luxury maker made famous by the james bond movie franchise will offer shares of 17.50 pounds to 22.50 pounds aston martin will announce a time price next month and shares will be admitted to the london stock exchange on october 8th. >>> coming up, ronaldo sees red. more from an eventful night in the champions league coming up next gives you the strongest hold ever to lock your dentures. so now you can eat tough food without worry. fixodent and forget it. plaque psoriasis tremfya® is for adults with moderate to

it sent shares of retail rivals such as walmart and kroger lower.seattlen opened in 2016, and $1 million worth of hardware had to be in old. us aboutalk with retail is john bilton, head global multi-asset strategy, jpmorgan chase. amazon is said to be opening 3000 cashierless stores. >> they have been working on this for a while. 3000 is ambitious, but it is not just amazon. also in china, companies are looking, so it is not a surprise they are pushing on with it. francine: how does it work? is it a branded amazon store? >> it is a branded amazon store. shelf,e something off a and it figures out what you have, and as you leave, it is billed to your amazon account. francine: should rivals be worried? : anything amazon does, rivals should be worried. the affect not what you initially think, whole foods has not changed a lot. it is taking a while to get going. this concept has been more direct. francine: can amazon do any wrong? if you look at the retail space, that end-allit is be-all? john: i cannot specifically speak for amazon, but if you look at i

whether it's kroger going back to a year and a half ago or walgreen's, cvs, they have all recovered and gone even higher than they were before the big sell-off happened because they're getting amazon 'ed, the reality is great retailers know how to work. >> it's so easy when you talk about the nasdaq 100 to think you're only talking about tech stocks, i mentioned this basket of names within 5% of their all-time highs, of the names i'm going to throw out to you. you'll have to do it on the fly, you tell me which ones that you would prefer to buy, amgen is less than a% away from its 52-week high >> i own it, i like it >> and it's going to go a lot higher than it is right now. they have enough in their pipeline in the biotech world that amgen has got plenty of upside >> take two interactive. 52% off its two-week high. >> a day where we're talking about the new fortnite that's out. adobe is about 2 2/3 away from its 52-week high you own pay pal? >> we own visa it's one >> you choose to play it that way? why? >> i think again long-term story there, is cash versus digital transaction, pain med

. >> kroger. >> ahead of earnings. >> that does it for us thanks so much for watching and so you back here for more fast the "mad money" with jim cramer starts right now >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere, and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to cramerica other people want to make. just trying to make you some money. my job is not just to entertain you, but to educate and teach you. so call me at 1-800-743-cnbc or tweet me @jimcramer. we need to stop treating fang -- facebook, amazon, netflix and google -- as a proxy for the whole market the dow advanced 23 points, the s&p declined and the nasdaq got pulverized everybody starts freaking out. because the fang names are so high profile, and they're leading us down. >> sell, sell, sell! sell, sell, sell, sell, sell, sell >> but markets can't go up every day, darn it there is nothing wrong with big capitalization tech getting crushed while dowdy old industrials final

. >> kroger. >> ahead of earnings. >> that does it for us thanks so much for watching and so you backthe "mad money" with jim cramer starts right now >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere, and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to cramerica other people want to make. just trying to make you some money. my job is not just to entertain you, but to educate and teach you. so call me at 1-800-743-cnbc or tweet me @jimcramer. we need to stop treating fang -- facebook, amazon, netflix and

(birds squawking) this is an abandoned kroger parking lot. been closed now for about 20 years. there is no place to buy a baked potato, there is no place to get a cup of coffee, to have a sip of tea. you can't even buy a salad here. if you want to buy a salad in west dayton, t only place you can get it is a burger king or a mcdonald's. ♪ >> macgillis: as west dayton has been falling behind the rest av dayton, on a larger scale, cities like daytonbeen falling behind the more prosperous parts of the country, going back decades. >> if you look at thdecline of manufacturing and the decline of areas where it once was vibrant, the real turning point is the late 1970s. starting in the late 1970s,rt corporations s to much more aggressively push back against labor unions. and they did so in part because the economy was becoming a bit more global, so they were able threaten that they woul move production overseas. and so we saw a plummeting of the role of labor unions precisely at the time that inequality was risin (cheering) >> macgillis: and then the

that is more than cosco target kroger or whole foods. they are planning 700 new stores.t is her business flash update. of today'srage hearings will continue. we will hear from brett kavanaugh once the recess ends at the top of the next hour. please be sure to check out our bloomberg function. this is bloomberg. ♪ i'm mark crumpton. is scheduled to appear before the senate judiciary committee this afternoon. he'll respond to today's earlier testimony from christine blasey ford. she accused him of sexually assaulting her when they were teenagers. panel thate laughter during -- and a locked room. >> i have been accused of acting out of political motives. those who say that do not know me. i am an independent person and i am no once upon. helpfulation was to be and to provide facts about how mr. cavanaugh's actions have damaged my life. >> dr. ford told senators she is 100% certain that kavanaugh was her attacker. cap not denied the allegations -- kavanaugh has denied the allegations. white house says today's meeting between president trump and rod rosenstein has been postpo

as amazon pours money into its whole food ventures competitors , like walmart and kroger have also steppedr online grocery presence. bungalow was hoping to make a name for himself in the competitive real estate market. the firm aims to give people with roommates affordable places to live. the company has raised funding. it was led by coastal ventures. a new man joined the board of directors. we caught up with him and the ceo andrew collins to discuss. >> residential real estate is a -- is the largest asset class in the united states and has not really been affected by technology. all areas of the technology -- the economy and real estate have actually been reinvented over the last 20 years, and is time for real estate to adjust to the modern world. what is exciting about bungalow is it takes existing inventory from the 1940's and where 1950's families and lifestyles very different and adjust it to today. emily: everybody has heard about trying to get an apartment, it is so hard it is such a , headache. how does it work? >> we streamline the process. we make it much easier with our online l

everybody is getting into grocery delivery kroger is also working with insta cart >> the concept whereom all of this competition as opposed to any of the companies it has been very hard to make any money at that >> yeah. >> and aldi -- >> i have had some not great instacart experiences myself >> they are trying >> yes >>> time now for a cnbc news update >> hi everybody. here is what's happening at this hour rick perry attending the 3 c's summit it aims to improve ties between eastern europe, the u.s. and the eu he says europe should lessen the dependence on russian gas. >> since russia eegs invasion of crimea europe's dependent on russian gas has only been increasing, rising from 30% share to more than 40. >> back here at home sea world and former chief executive have agree today pay more than $5 million to settle sec fraud charges. this is for misleading investors about the negative effect that black fish might have on its business >>> prince william unveiling a statue credited with using his cover as a passport officer to clang the lives of thousands of jews the statue was unvailed i

the big loser was kroger after some disappointing sales numbers out yesterday.know you don't get aggravated about the trade headlines. mark market closed flat after president trump is proceeding with the tariffs on 200 billion. also got that manafort news. >> around the sametime it has been hovering around the highs. offsetting forces. i think it's steady. i think it's not a bad thing to be half way through september and the market kind of holding gains. >> and it's clearly a big influence today. let's get the latest in washington who joining us now. >> we just got a statement in about trade. it suggested that he did want to proceed with the $200 billion in tariffs on china the president has been cleared that he will continue to take action to address klichina's unr trade practices. they not saying what that action is or when the president might take it. let's review the bidding as to how we got here. they have already gone into place and then during the course of the summer they are working through this ustr to identify $200 billion more. the process is finishe

everybody sort of has a rational reaction, amazon takes some time, and the other companies like a kroger fight back with the business what is the amazon effect on competitors in a space like groceries or pharma? >> it's a great question we should always remember that wall street prices and attitudes can spin on a dime but market interpretations take years we massively overshoot the sort of time frame in which amazon will engage a space. part of why amazon has been as successful as they are they're slow and strategic, they'll test the space for a while, they'll announce it and then they'll either do something or back burner it for years. i remember having these conversations by way of cautionary antidote what it meant for netflix when amazon prime video came out fast forward a few years and nothing has been done on amazon prime video to dent the netflix story at all >> how much credit does bazos get? is he the greatest leader out there at the moment? >> he's assembled a team around him that has been no short of miraculous in terms of transitioning from a book seller in 1996, '97 that wasn

. >> a number of retail names moving lower gug walmart, cvs and kroger on a headline that amazon is planningopen up to 3,000 cashierless stores by 2021 currently we know there are four, three in seattle the fourth just opened in chicago. so, again, a number of retail names moving lower on a report that amazon is set to open 3,000 of its cashierless stores by the year 2021. back over to you. >> court, just remind us, i think you said there were four already. >> yeah. >> what are those four focused on at things stand still kind of mainly food-related in terms of the cashierless stores. >> think convenience stores, a mix between what you might find in a grab and go section of a drug store or a quick supermarket. that's what they have been focused on so far. the first three in seattle, of course, amazon's home base, and then the fourth was just opened in chicago, so the first one outside of seattle >> okey-doke thanks very much for that. courtney, of course, morgan seeing amazon stock down today, but it was down already so i'm not sure how much reacted to that story but fascinating nonetheless.

because amazon, kroger are doing this, they feel they need to get into it.ering, over $30, your order is over $30, they had next day delivery. it add as different element especially with grocery. look to get into 40% of households by end of next year. stuart: 40% will get fairy quick grocery delivery, next year. stuart: how about amazon, they are expanding the fleet of delivery vans. ashley: order of 20,000 mercedes-benz what they call sprinter vans. they will not other than the vans. they will pass them on to fleet management company, who will lose them out to small businesses delivering amazon good. it is about cutting down costs. ultimately not relying on the united states postal service or fedex or the big guys. they will try toned up being among the players when it comes to delivery. they have a long way to go. incrementally they're doing this this is another example, putting vans out on the road. the final mile to the customer, very important. stuart: big deal. the stock is below 2,000 bucks a share. headline. susan: bargain, i don't know. >>> a senor

amy dison has started this kroger the the grocery chain you want to talk about an intickty starting deliverybattle but at least they're trying to go up -- >> the chair of the judiciary committee is now speaking and go to hum right now. please. >> from -- can we have -- can we have quiet from the audience? i'm not sure who is talking own how loudly. but chairman grassley has called for quiet in the audience. >> there's somebody from the -- >> listen that can signal to me that the chairs are filled. and that, that we can have some peace and quiet. i would like to start out today where we left off on september the 13th although this is a new meeting. but i was anticipating a lot of motions from the minority and we did have some motions from the minority. but if you remember, i said that i'll give the minority a chance to make their motions and then i was going to make a motion that we have a time certain to vote. and so i want to make that motion time certain to vote. but if there is a motion from the minority, i would recognize that motion first. >> mr. chairman. like to make a motion to subpo