again, we have to give credit to the wal-mart customer. they know prices here and at the competitors. they are looking at apparel for spring but again, being very careful. they want to make sure they get the best price. that's where we see wal-mart has made a big change in what they are doing in apparel. the customer likes it, but he or she has a little less money right now. >> mary, i want to go shopping with you. >> please do. >> will you inviest me some time? i want to go some time. >> fantastic. >> retail analyst, good to have you with us. >> tyler, thank you. sounds like mary has more fun than i do. >> goes to stores, pokes around, talks to people. >> wal-mart along with other discounters, ought to do relatively better when the economy is challenged, with head winds such as payroll tax cut, rising gasoline prices. then its competitors, now do you see it? >> we are seeing fewer dollars for everyone. it is showing up in lower income first. there are fewer shock absorbers there. less excess cash in the checking account. i think you will

million dollars in refund for money mart barrowers reis city institution in that case averaged $500 per claim and are more than 800 claims were filed and it was a tremendous success and we hope hope i check 'n go effort is just as successful. to maximize rest city tiges for every borrower who is involved. i would like to introduce a partner in our effort in the money mart case is michael the executive director of the san francisco interface counsel and michael treive vairian who's representing from the office fnltd empowerment and kristinee the california reinvestment corporation and laurel pew ma'am mack from californiafirst five and the mission economic development agency and finally, johnathan sagaa chose were the commission economic development agency i can't tell you how important it is that this be a coordinated effort as many of you may be familiar in the money mart settlement we traveled you will and upand down the sate press confrontation in sacramento and reached ow to bars throughout the state of california to achieve an unprecedented level of success for a predatory lending

they want to sign-up wal-mart workers to help wal-mart workers get pension. i understand your point. i don't think it's fair for them to say that that's the only reason they are trying to do what they're doing. liz: the u.n. is trying to unionize wal-mart, they have their own profit sharing with their own 401k plans. to your point, i hear what gary is saying, you want to hear about protecting the workforce or you want a labor movement that's rational. we have a rational labor movement in this company raiment. >> this is a political pack. they are going away and i will tell you why. it is fair. as americans come you can work wherever you want to. if you don't like wal-mart, go work at target. go work at bed bath and beyond. one of these workers feel that they are owed anything. >> give me the example of the interest group in america that doesn't raise money to dissipate in the political process and why that constitutes this. >> let them do that. be a political pack, don't be a union if it were saving your jobs. be honest about it, say they were taking their mo

wal-mart took in less money. wal-mart sales were down. wal-mart tells the economy's story.rt with gas prices, up again today, by the way. up nearly 50 cents this year, you can't spend at wal-mart when your gas costs so much more, so suddenly. and then there's taxes up for everyone as of january the 1st. you spend less when your paycheck shrinks, throw in rising unemployment and a president who wants another round of tax hikes and you've got a weak economy. telling me, really? is it all the republicans fault? "varney & company" is about to begin. [ male announcer] surprise -- you're having iplets. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new ansmission. [ coyote how ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. >> all eyes on the market this morning. question, will the selloff continue? remember, two federal reserve governors say not so fast on all of ben

the fact that even though people are receiving more food stamps they're unable to even shop at wal-mart a scary reality about wal-mart's customers they're broke so as we know what more shares plunged on friday went last friday when an internal e-mail was leaked in which cameron geiger a v.p. at the company asked where are all the customers and where's their money so they don't even have enough money to shop at wal-mart which is already selling all this mystery meat product where do they go from there if they can even afford mystery meat what wal-mart was always been a poisoned chalice as we've talked about for years for every dollar somebody saved at wal-mart they lose two dollars in wages eventually they won't be able to even afford to shop at wal-mart so they've they've boxed themselves into a non unproductive disenfranchisement or in slaven or serfdom to somebody called wal-mart who if you add all their wealth together the wal-mart family it's the wealthiest family in america they got wealthy by imposing a neo feudalism in america and now these people are finally waking up to the fac

crashing wages are crashing people can't afford mcdonalds anymore people can't afford to go to wal-mart anymore food stamps are soaring and then of course the inflation coming to the energy complex including gasoline is going to help going to hurt the u.s. military because they buy two hundred fifty million dollars worth of gas every day to fund the pentagon's war machine when the price of gas continues to go up as it is hitting a record prices in california and other states the pentagon won't be able to afford to fill up their gas their tanks and their other vehicles of destruction so it's a double edged sword so that dollar is going to zero the goal is going much higher germany will ask for their gold and they'll be given a receipt for worthless dollars or a horsemeat burger from findus so just like the global financial derivatives hurt the poorest the worst in the middle class the people that have to work for a living just like all the risk in the toxins were dumped into their pension funds what meager pension funds there were because of course most ordinary people are the sort that

the fact that even though people are receiving more food stamps they're unable to even shop at wal-mart a scary reality about wal-mart's customers they're broke so as we know one more shares plunged on friday once last friday when an internal e-mail was leaked in which cameron geiger a v.p. at the company asked where are all the customers and where is their money so they don't even have enough money to shop at wal-mart which is already selling all this mystery meat product where do they go from there if they can even afford mystery meat what wal-mart was always been a poison chalice as we've talked about for years for every dollar somebody saved at wal-mart they lose two dollars in wages eventually they won't be able to even afford to shop at wal-mart so they've they've boxed themselves into a non unproductive disenfranchisement or in slaven or serfdom to somebody called wal-mart who if you add all their wealth together the wal-mart family it's the wealthiest family in america they got wealthy by imposing a neo feudalism in america and now these people are finally waking up to the fact

if you add all their wealth together the wal-mart family of steve wealth is family in america they've got wealthy by imposing a neo feudalism in america and now these people are finally waking up to the fact that hey you know what. we're now entering the prison industrial complex as colleagues in the prison machine because walmart screwed us badly and then finally us homeowners are repeating their mistakes so these are the chumps in america that still have a few little pennies left to their name and if there's one thing americans should have learned from the recession it's the importance of diversifying risk middle class households had too much of their net worth tied up in their homes and were too exposed to stocks two four zero one case and other investments so this study looked at the holdings of americans and three quarters of their wealth is tied up in only stocks in their houses and they consider this very high risk this is considered very high risk these people are lined up to be slaughtered not sheered well alan greenspan said just recently that he doesn't look at jobs he does

the fact that even though people are receiving more food stamps they're unable to even shop at wal-mart a scary reality about wal-mart's customers they're broke so as we know what more shares plunged on friday went last friday when an internal e-mail was leaked in which cameron geiger a v.p. at the company asked where are all the customers and where is their money so they don't even have enough money to shop at wal-mart which is already selling all this mystery meat product where do they go from there if they can even afford mystery meat what wal-mart was always been a poisoned chalice as we've talked about for years for every dollar somebody saved at wal-mart they lose two dollars in wages eventually they won't be able to even afford to shop at wal-mart so they've they've boxed themselves into a non unproductive disenfranchisement or in slaven or serfdom to somebody called wal-mart who if you add all their wealth together the wal-mart family it's the wealthiest family in america they got wealthy by imposing a neo feudalism in america and now these people are finally waking up to the fa

are all the customers and where's their money so they don't even have enough money to shop at wal-mart which is already selling all this mystery meat product where do they go from there if they can even afford mystery meat what wal-mart was always been a poisoned chalice as we've talked about for years for every dollar somebody saved at wal-mart they lose two dollars in wages eventually they won't be able to even afford to shop at wal-mart so they've they've boxed themselves into a non unproductive disenfranchisement or in slaven or serfdom to somebody called wal-mart who if you add all their wealth together the wal-mart family it's the wealthiest family in america they get wealthy by imposing a neo feudalism in america and now these people are finally waking up to the fact that hey you know what. we're now entering the prison industrial complex as colleagues in the prison machine because walmart screwed us badly and then finally us homeowners are repeating their mistakes so these are the chumps in america that still have a few little pennies left to their name and if there's one thing

one out of every three grocery dollars goes to wal-mart. wal-mart has more wealth. lot of clout and collar. it canisius political and economic power to basically dictates who in farm policy. they speak with one voice and they decide what the pesticide regulation should be, every aspect of our food system partnered with the biotech industry, which is also become so powerful that it can basically buy public policy. food and water which we which we did a report on biotech industry. turns out there's 100 biotech companies lobbying full-time. and that does, dave hyatt 13 former members of congress and 300 former staffers of the white house and congress. the biotechnology industry has a lot of clout. wal-mart and monsanto are really partnering up in some ways. one of the ways was recently with genetically engineered sweet corn. you remember this from last summer. i know a lot about their consumer group were trying to get wal-mart because they say they want to be sustainable to not buy this required. it creates a market and monsanto plans to up quickly 40% of the market fo

what do you expect out of wal-mart this year in terms of its stock price? >> we expect to see a stock that phrase, let's say, the low 70s into the mid or upper 80s, where a decent dividend yield with a total return of maybe 20%. a lot of this comes from want fact that it's way global retailer that's doing better overseas. the size of this company is impressive, and that gives it a tremendous amount of clout when it goes into the market. it's a ladder in every category. we think it's got a great balance sheet, consistent earnings and trades at a reasonable price. >> tom: its biggest competitor you can't walk into-- its fastest growing competitor, amazon, do you think that will take volume away? >> it's interesting you mention that. if you look at amazon, amazon has tremendous distribution here in the united states and may be struggling somewhat in terms of replicating that in other markets, like china. on the other hand, when you look at a company like wal-mart, that company is growing very nicely overseas, expanding and making their overseas operation much

thousands of dollars of stuff from a wal-mart store. how a cashier may have helped him. >>> and we're waiting for the first big snowfall of the year. this winter has buried the state's snow budgets. >>> aaa says gas prices are rising at a blistering pace, we'll give you the forecast at the pump. >>> let's start off with this evil four letter word, snow. >> chief meteorologist wyatt everhart is live in the abc 2 news most accurate storm center. i'm rooting for it. what can you tell us. >> basically we are looking at an overnight changing situation. i don't think we're going to see much. temperatures until the mid-50s and that supports basically more of a mixed situation and if anything, when we see the change over to snow overnight, it's not going to have much success being able to stick accept for again, this elevated car tops, blades of grass, those things all drop to freezing. here's the line of showers in western maryland, looking for that to bring a light mix overnight into daybreak. now this evening as the line approaches, we're in

that sends a signal, wal-mart too. if you go back to the latest quarter earnings season, europe, you see companies restructure, pulling out of businesses. they're designing lower priced products in europe. when you see spain at over -p20% employment there is still major, major risk there see bond yields coming down the way they have, the real economy is under pressure. david: when you find somebody skeptical about this markets you still have specific bets to place in this market. even if you think things are slow or coming you can still make plays. >> you don't want to run a high. give a bonus, starbucks. pay up to own growth right now. liz: brian, great to see you. nbg production chief equity analyst. always a way to make money. >> thank you. david: yep. liz: is dodd-frank unconstitutional? oklahoma's attorney general scott pruitt challenged part of the act saying what is supposed to protect the consumer is putting people at risk? he will join us ex-chrufsy are to tell us about the lawsuit that might affect stock. dav

red alert from wal-mart pound its bottom line and customers. with consumers are pulling back should more businesses duck for cover? we have a "money" power panel of business executives to give the real story. plus, now just seven days until the sequester. the economy already lies in its cross-hairs. is your 401(k) even more at risk? why you may want to check your portfolio. >>> and we'll drink about anything to score a caffeine kick but you would rub jell on your skin to get a bigger energy high? a breakthrough hopes to revolutionize a multibillion-dollar industry. shark tank's damon jobs is one of the guys behind it and he is here in a fox business exclusive. even when they say it's not it is always about money. adam: melissa francis is on vacation. i'm adam shapiro. we'll start tonight with a warning from bellwether wal-mart t says they're facing a sluggish start to the year because higher payroll taxes and higher gas prices are weighing on sales. here's what one wal-mart executive said in an e-mail to his colleagues. in case you haven't seen

that's on the heels of wal-mart. street new about february slow down and they got the news but it wasn't quite as bad as people anticipated. you can see here, the dollar stores. relief for them. >> i'm glad you finished on wal-mart because shares of wal-mart are jumping on better than expected fourth quarter rilts. and this is the big but. big retailer put out guidance. next time you are caught near reagan because h is your beat, courtney. what do we make of this and why do we think the shares are moving so much higher despite negative years? >> i think a lot of it is what bob had to say. we had the report of the leaked e-mail. but there are so many things that catch wal-mart's attention. wal-mart beating the street by 10 cents. much of that is favorable to both fax rates. plus the interest expensive was lower to both domestic and international tax matters. some are considering eps result more in line with that 1.57 consensus or light miss. separately wal-mart guiding a flat first quarter after noting disappointing s

that's the latest from the flower mart. back to you guys. >> you're bringing flowers to everyone in the newsroom, right? >> i know. >> you already have flowers! >> yeah. but you can always use more. come on lawrence. >> there you go. okay. >> thanks, lawrence. >>> president obama continues to push for new programs outlined in the state of the union address. he had go to georgia where he will tour a pre-k classroom. the president called for universal preschool for american children and yesterday toured a manufacturing plant in north carolina to show the need for an increase in the minimum wage from $7.25 to 9 dollars an hour. >>> the arts are first cuts in tight school budgets. they are always forgotten but not as lincoln high school in san jose. they are the foundation. performing arts school and we think that's pretty cool. >> i can't imagine having as much fun at any other school than i have here. >> i just love it here. i love everything about lincoln. >> reporter: while most schools are dropping the arts, lincoln high i

wal- mart earned $5.6 billion.w york times announcing that they are putting the boston globe newspaper up for sale. >> if you plan on " we tea tweeting " all-day url, y your tweets just got a little shorter. from now on, any tweet that is sent with a url will be reduced to 118 characters, or 11748 tt ps leaks. the reduction is due to a change in twister's " t-c o lead rapper ". the condensed links now take up a bit more space, leaving you with a little less basic tact commentary. >> coming up on kron 4 morning news, we are just moments away from vice- president joe biden talking gun-control and then barry, connecticut just a few miles away from the sandy hook elementary school shooting. >> the opening bell up on wall street. the dow keeps getting closer to their all- time high of 14,162. it looks like we are going to go and little bit lower in trading. we will have more on the markets with rob black. >> it is a cold start for the morning. it is not bad as 24 hours ago. you still dress in layers. the evening hours w

. >> megyn: well, a developing story regarding wal-mart.he nation's largest retailer, apparently describing recent sales as the worst in years in a total disaster. what does it mean for our overall economy, they're saying that they believe, these economists, it's president obama's tax hikes that led to this. we'll have a fair and balanced debate and olympian oscar pistorius defending himself on charges he killed his girlfriend. why it could hurt his case. and why the investigation is raising questions about his girlfriend's past relationships with men. dr. keith ablow is next. >> and everybody is upset understandably, but at a certain point we were smiling while remembering reeva because we only have good memories of her. ♪ [ male announcer ] were you more interesting in your twenties, or now? when you were starting out? or after a few decades working in some well-worn character? experience makes you wiser for the wear. and now come the richer possibilities. [ children laughing ] aarp. an ally for real possibilities. find tools and resource

as i mentioned, this afternoon, a news report about wal-mart hit the broad market and wal-mart shares as well. an executive at the world's largest retail called february sales, quote, "a total disaster," end quote, according to bloomberg. the report said an internal email blamed the slow start to february sales on the increase in the payroll tax that took effect at the first of the year. that had the effect of cutting worker's take home pay by 2%. wal-mart shares fell 2.2%. volume tripled. wal-mart does not publicly report monthly sales figures but the executive's email contends it's the worst start to a month in at least seven years. but worries over wal-mart's sales hit other retail stocks. sears holdings dropped 2.3%. target fell 1.6%. discounter dollar general was down 1.5%. a few other consumer-oriented companies were in focus. the firm behind well known fashion brands like lee jeans, vans shoes and north face jackets had improving profit margins and earnings last quarter. v.f. corporation's outlook, though, was less than expected. but that didn't spook investors today. shares we

wal-mart felt the impact immediately.e stalled since january, and the company has had its worst month in seven years. one internal e-mail from a wall mart senior vice president read, "where are all the customers? and where's their money? where is their money? wul mart's example shows us clearly how little there was to begin with. george packard writes in "the new yorker, "america's vast population of working poor can only get so poor before even wal-mart is out of reach." sam, this is something i feel fairly strongly about, which is the story of income equality -- inequality in this country and how little attention has been paid to it in the debate over taxes and spending. i mean, think, you could say republicans would look and say, see, we should have extended the payroll tax cut. what we should have done is perhaps paid more attention to the situation that the poor and working class in america are in at present, which is to say $15 is a difference between being able to buy something and not. that 46.2 million americans

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sin embargo, para maÑana martes esperamos un importante cambio en el pronostico...una maxima velocidad de 26 millas por hora y lluvias desde horas del mediodia, hasta horas de la madrugada... debido a estas condiciones se espera una acumulacion de una a dos pulgadas de diametro.. como estara el resto de la semana, leve probabilidad de lluvias entre miercoles y jueves, y para los que ya estan pensando en el fin de semana, buenas noticias, hasta ahora se esperan cielos mayormente soleados hoy comienza nuestro reporte especial "afrodisiacos". en esta primera entrega veremos una bebida alcohÓlica muy fa Ácil de preparar y que seri Ía para muchos la perfecta. jorge valenzuela nos la muestra. el alcohol no es un afrodisiaco natural, pero altera el control de los sentidos, si uno desea algo y normalmente se reprime de hacerlo, con el efecto del alcohol es mÁs posible que se libere y siga sus pasiones, en muchas bebidas alcoho Ólicas hay sustancias que tienen un efecto afrodisiaco como el cava y el champagne, pero esta vez prepararemos algo que tiene estimulantes artificial

. >> yes, there's been reports in the paper that fresh and easy might sell to wal-mart. and i just would love to get a comment from staff if that were indeed the case for the fresh and easy locations we have in san francisco, how easy or what are the requirements if someone wanted to change this formula retail from fresh and easy to wal-mart. one of the stories in the paper indicated that for the bayview location because it didn't have the regular formula retail controls that they wouldn't have to -- they could [speaker not understood] and i wasn't clear on that. so, that would be great. >> i need to double-check the zoning for the bayview location. but under the current code, if wal-mart buys all of the fresh and easy locations and brands them, then the code would not consider that a change that would need a new conditional use authorization. however, if they were just to buy one of the stores, then they would need to come in for a new conditional use authorization to change from the fresh and easy to the wal-mart. so, that's under the current planning code requirements

temperatura estable y cielo nublado es el pronostico para maÑana martes, enterese de los detalles de de .. los hospitales del distrito no tienen suficiente personal de enfermeria para proveer asistencia a pacientes, esto segun una reciente encuesta... un proyecto de ley busca mejorar esos cuidados medicos y evitar negligencias... una legislacion reduciria el numero de pacientes por cada enfermero.. ... un portavoz de la asociacion de hospitales del distrito senalo que no estan de acuerdo y que el numero de personal medico por cada paciente es basado caso por caso y el estado medico del mismo... lalegislacion sera presentada manana ante el concejo municipal y si es aprobada en los proximos meses, podria amparar a diez hospitales del distrito de columbia. el presidente de barack obama, se declaron a favor de que los boy scouts admitan entre sus filas a homosexuales, algo que en la actualidad esta prohibido, despues de que se conociera que la organizacion esta considerando eliminar ese veto...el presidente dice que los homosexuales deben tener acceso y oportunidad de entrar en los boys

>> wal-mart is the world's biggest retailer. we look at wal-mart and the earnings reports.he most receipt one. some of the comments show that the discount shopper did pull back and was cautious from the beginning of this year. note so surprising, it makes sense because higher gas prices for one. gas prices have been higher for 35 days in a row. that cuts into how much consumers are willing to spend at wal-mart. since the end of the payroll tax holiday and that affects everybody. it hurts the typical wal-mart shopper. finally the delay in tax refund checks going out. congress was trying to decide which tax cuts to keep and which would go. that delay kept that disposable income to places like wal-mart. all of those hitting shoppers harder and that took income out of their pockets that would have gone to wal-mart. fredricka? >> meantime, how is the stock market reacting? >> looking overall, wal-mart is up more than 2%. the different story with the dow down, it seems like yesterday we were talking about that elusive record for the dow. doesn't look like we will hit that today o

wal-mart is currently down by 2.8%.on't go away. >>> in breaking news here, we're watching what's happening with a number of the retailers here because here's the report that originally came from bloomberg. apparently a walmart executive in an e-mail to other company executives said february sales so far are a, quote, total disaster. a walmart spokesperson has responded to this saying often we do see internal communications that are not entirely accurate, and as a result we are seeing some of these stocks, the retail stocks did take a hit on the back of this. they are coming back somewhat, as we speak, but nonetheless it did have quite an impact on the market and walmart is down by 3%. let's get to a retail expert on the phone. jen, what do you make of this? we all do it. we send e-mails, maybe to a friend, someone else may be just getting a feel of the picture and might not be the exact picture. is that something that's happened here or do you think the february sales could have been a total disaster. >> i do think sal

este es el pronostico para maÑana martes...axima de 52 grados y viento ligero, en horas de la noche un incremento en la nubosidad y una temperatura minima de 35 grados... asi estan las condicones en el transcurso de la semana... miercoles con un cincuenta por ciento de probabilidad de nieve y lluvias desde las doce del mediodia hasta horas de la tarde... la pausa... y al regresar.. google se une a agencias federales para impulsar el crecimiento ...una nueva iniciativa de google permitira que pequenos comerciantes puedan tener su pagina de internet totalmente gratis. marisset vereni con los detalles. en tiempos en que la tasa de desempleo en estados unidos subiÓ una dÉcima hasta ubicarse en el 7.9 por ciento, compaÑÍas como google unen esfuerzos con agencias gubernamentales para impulsar pequeÑos negocios... es asÍ como nace el proyecto "get your business online con google"... sot: jennifer bernal analista de negocios en google mÁs de 100,000 comerciantes como rose en toda la naciÓn, han tomado la decisiÓn de participar de este