of the stocks to which to ask and the national retail federation has new optimistic projections for the remainder of the year steve moberg helps us take a look at that and back to school companies which ones should be doing well this time of year all that directly ahead but first we get to some. european union regulators are taking a closer look at some of the smallest e.u. members cyprus and malta and their findings could have a big impact on the flows of people and capital across europe and the world critics of characterize immigration policies in malta cyprus and six other e.u. nations over citizenship by investment policies that criticize that critics call citizenship for sale now the e.u. commissioner for justice or bust says brussels will examine similar policies and practices across the e.u. especially in relation to money laundering and corruption while residents permits can be purchased in more than half of the e.u. nations brussels is especially concerned about the combination of pay for passport policies with lax transfer policies by natural transfer policies that is mr georg

according to the national retail federation--total spending for k-12 and college is expected to reachearly 83-billion dollars this year. katherine cullen, national retail federation: "this time around we're seeing spending is going to be very strong. it's actually going to be the third highest in the survey's history."according to this year's survey, families can expect to spend around $680 dollars on back-to-school. that's about $236 on clothing, $187 for electronics, and $138 on shoes.and $122 for supplies like notebooks, pencils, and backpacks. for college students-- electronics will be their biggest expense.... followed by clothing and furnishings. most families will shop at departme "we're seeing a lot of retailers offer buy on line pick up in store. or curb-side pickup. or 2-day delivery. so people can get the items they need, as quickly as they want." and a surprise finding in the survey--this year, teenagers and pre-teens are likely to spend some of their own money. katherine cullen, national retail federation: "what we hear from parents is that they're expecting their kids to

i asked and the national retail federation has new optimistic projections for the remainder of the year steve bould first help us take a look at that and back to school companies which ones should be doing well this time of year all that directly ahead but first we get to the. european union regulators are taking a closer look at some of the smallest e.u. members cyprus and malta and their findings could have a big impact on the flows of people and capital across europe and the world critics of characterize immigration policies in malta cyprus and six other e.u. nations over citizenship by investment policies that criticize that critics call citizenship for sale now the e.u. commissioner for justice vera jo orbit says brussels will examine similar policies and practices across the e.u. especially in relation to money laundering and corruption while residents permits can be purchased in more than half of the e.u. nations brussels is especially concerned about the combination of pay for passport policies with lax transfer policies by natural transfer policies that is mr georgia says clear

plus the national retail federation has some new optimistic projections for the remainder of the year steve walford help to take a look at that and at what your company should be doing well with regard to going back to school we'll be right back after that. because. we have no idea what safe is doing on a vacation but she will be back on it in september. the way to the united states is dangerous for most of the illegal immigrants. just as there was a simple i want to become a trend i've done the last post on this topic but i have many of them look for refuge in the so called sentry science address to use the information about undocumented migrants with federal authorities and the best person to ask than. this little boy and the best i got i mean a lot of class and what about. what are the options to stay in the country with donald trump in the white house along with other political rivals. both of you what if he had to be that to be. a say if it's going to have any type of loan. deal with the push to put in those both of you that puts it up to the pulse of the. welcome back or growing

and there are new retail projections out from the national retail federation which suggest sales and twenty eight hundred now forecast to increase more than expected previously the federation set a high end would be four point four percent increase this year but now they are projecting a four point five percent increase at least here discussions to serve t.v. and radio commentator steve malzberg steve thanks for being with us this is really good news right. you know yeah it is really good news in fact i believe it in the first half of two thousand and eighteen we're up four point eight percent over the first half of two thousand and seventeen and there are so many reasons for it i mean they credit the tax cuts they credit of course the low unemployment numbers people are working they have disposable income household that worth net worth is up consumer confidence is up so all the ingredients are there of course people could be a little fearful that they factor in inflation and the mentioned afore mentioned in your last segment trade wars which are real but there's so many good economi

. >> speaking of spending back to school shopping is in full swing, according to the national retail federation total spending for k-12 and college is expected to reach $83 billion. that is an average of $680 per family and this year more kids are likely paying with their own money. >> parents are expecting their kids to contribute their own money to back to school, but they are also going to really influencing what their parents buy. >> the number is slightly lower than last year's spending figure that was 83.6 billion. but with three kids it is expensive. you have back packs and pencils and pens. >> can't they just hand it down? >> you would think that would work. but have you met my kids. >> if they are like you they like to go shopping. >> we are noticing hazy conditions out there and you will notice that throughout the day and unfortunately not much relief in site and you can see a breeze not strong enough to improve the air qlity andheay ay because of the mendocino complex fire this is where that is is not smoke this is clouds. so long it coast it looks like the clouds are hanging round.

pressure on the white house to expand the trade agreement with mexico to include canada national retail federationng this response to yesterday's deal coming to terms with mexico is an encouraging sign but threatening to pull out of the existing agreement is not. the administration must bring canada, an essential trading partner, back to the bargaining table and deliver a trilateral deal joining us, matt shay. great to speak with you today. >> hey, morgan good morning sf >> so we have this deal with mexico >> i go back to the earliest comments to u.s. trade representative last summer in june of '17, and our observations were we agree we need to modernize, update nafta. it is 25 years old, the world has changed, commerce changed, we live in a digital world we need to update and modernize nafta and bring it to the 21st century, but our specific comments were we needed to do it quickly, create certainty for businesses, do it in a seamless way, but needed to include all three parties, and it had to do no harm. i guess our observation would be this is the largest free trade zone, a half billion consume

charles: we also saw the nfib survey, the second highest level ever, the national retail federation hiking their estimates for retail sales for the rest of the year. the market snapping a four-day losing streak. you know are, do you feel like this could be just the beginning? and certainly, it does suggest something about america vis-a-vis the rest of the world. >> well, we've been very positive on u.s. stocks versus the rest of the world for a long time. charles: why? >> one, just the earnings are higher. whether you're talking small caps, small business or large caps. the earnings are just spectacularly, you know, multiple times higher than what we're looking at in china, in europe, japan, other developed markets. so and emerging markets we just feel are still too volatile. but another thing particularly when it comes to the consumer, retail sales have just been off the charts. 6.6% growth in june, we're getting other numbers tomorrow. and i think that's what's really impressive. and even more impressive about home depot is that housing starts have been terrible. charles: right. >> there

at the start of the ask and the national retail federation has new optimistic projections for the remainder of the year steve most birds help us take a look at that and back to school companies which ones should be doing well this time of year all that directly ahead but first we get to some. european union regulators are taking a closer look at some of the smallest e.u. members cyprus and malta and their findings could have a big impact on the flows of people and capital across europe and the world critics of characterize immigration policies in malta cyprus and six other e.u. nations over citizenship by investment policies that criticize that critics call citizenship for sale now the e.u. commissioner for justice or bust says brussels will examine similar policies and practices across the e.u. especially in relation to money laundering and corruption while residents permits can be purchased in more than half of the e.u. nations brussels is especially concerned about the combination of pay for passport policies with lax transfer policies by natural transfer policies that is mr georgia says

of the stops to ask and the national retail federation has new optimistic projection for the remainder of the year steve moberg help us take a look at that and back to school companies which ones should be doing well this time of year all that directly ahead but first we get to some. european union regulators are taking a closer look at some of the smallest e.u. members cyprus and malta and their findings could have.

get her take i asked her which starts might be more impacted by the recent three plus the national retail federation has some optimistic projections for the remainder of the year steve walford help to take a look at that and at what company should be doing well with regard to going back to school we'll be right back after this. join me every thursday on the alec simon show and i'll be speaking to guest in the world of politics sports business i'm show business i'll see you then. you know world of big part of the law and conspiracy it's time to wake up to dig deeper to hit the stories that made stream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the bath shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. never great founded on the rape and murder. nothing changed so we said in. response to these situations that we deal with. people get shot every day she is this sad people kill each other but for the killing children. there was just no way t

. >>> the national retail federation is changing its outlook for retail sales this year matt shay willt's an upgrade or downgrade the final hour of "squawk box" begins right now ♪ >>> live from the most powerful city in the world, new york, this is "squawk box. >> good morning and welcome back to "squawk box" here on cnbc live from the nasdaq market site in times square. i'm joe kernen along with andrew ross sorkin and michelle caruso-cabrera and the futures right now -- i don't know i don't know monday kind of a blah, rainy all weekend. they've come back. >> wow look at that >> nasdaq is now up 14 dow jones is now up less than a point. well, now it's down. >> turkey shmerkey >> turkey jerky. some people like treasury yields, back to $2.2.8% >> we're going to talk turkey's crisis looking for an investor plan to ease concern lira coming off the record lows hit overnight. and willem marx joins us with more good morning >> good morning. just to give you an update, president erdogan speaking today saying he's going to speed up turkey's investment plans, try and meet some targets. we've obv

august to early septemberis still a great time to find really good deals.katherine cullen, national retail federation: "we still have the labor day sales and stuff in august so if you missed on an item you really want don't despair." saving tip number one: buy in bulk. experts suggest you pool resources with a group of parents who have to buy the same items for their kids, then split the cost to save money. bargain tip number two-- match prices. according to a recent nerdwallet survey-- about 4 out of 5 parents don't always do this and leave money on the table. another suggestion from nerdwallet--- buy refurbished laptops or computers instead of new ones. just make sure it comes with a warranty. bargain tip number three-- take the bundle approach and buy pre-packed boxes of supplies online. alok deshpande, financial expert, smartpath financial: "standing in the aisles at a walmart or a target is tough. and so, you save time and headache if you get the bundle."online sites like school-tool-box dot com and school-pak dot com allow you to search for pre-built boxes for participating schools.alok deshpan

at the same time the national retail federation.c about consumer spending the rest of the are expected in 4.5% growth. why do you think that is and do you think a bigger trade were at higher could derail that? >> the consumer 75% of the economy. right now you are looking at. and there is that in the past and actually do anything during the same period of time. target, wal-mart along with best buy and others have their own events. that can actually spurred unenhanced sail during this quarter. that is one of those things you have to monitor. back to what we were talking about before the consumer and is doing well in terms of emplacement. lauren: why is there when you look to the mainstream media they make you feel like the economy is not as good. a survey yesterday, small business optimism survey was the second best ever. have you juxtapose those two? >> when we look at statistics. not only the consumer have been a high level of confidence, but also looking at commercial businesses. and even though it's not as robust as we would antic

the national retail federation said they are against this.ricans for farmers and families says china is a critical market for the agricultural industry and i urge the administration to look for opportunities to hold chain today accountable. many democrats surprising any support the president. >> we'll see what china does. i support the tariffs. the tariffs are a tool. and not a permanent trade policy. our trade policy and tax policies is a trade of workers. i want to make sure we do these tariffs and aim them at the countries that are serial cheaters. reporter: the tariffs could go into effect after september 5. kennedy: edward lawrence with everything. thank you so much. democrats switch from gun control to printer control. a federal judge in seattle is temporarily block the release of blueprints to make untraceable and undetectable 3d printed guns. president trump tweeted yesterday that printing 3d guns doesn't seem to make much sense. all this has left the average american with one question. and that question is, what in the wide wide worl

according to the national retail federation, total spending for k-12 is expected to reach nearly $83 $187 on electronics, $138 on shoes. one surprising finding, teenagers and pre-teens are likely to spend some of their own money for those things. thanks for joining us for abc 7 news at 4:00. i'm larry beil. abc 7 news at 5:00 s s s s now. >> more residents turn home to areas evacuated by wildfires. now dealing with another problem. how the city is trying to help. >> lesson learned after a science experiment went wrong. the college project the bay area sheriff's office ended up detonating. >> a mountain lion caught on camera in san mateo. the stinky thing that may have attracted it to this area. >> i could hear something walking. if i could har something walking, it wasn't a raccoon. >> an alert about a mountain lion in san mateo. >> these are images one resident's security camera captured early this morning. police are warning you to be on the>>ha y foroing mountain lion in the heart of san mateo. >> it was spotted at a home near hobart and edinburough, just two blocks from el camino

according to the national retail federation, total spending for k through 12 and college expected to reach nearly $83 billion this year. the survey found families on average will spend $680, $236 on clothing, 187 for electronics, $138 on shoes and supplies. this year more teenagers and preteens are likely to spend some of their own money. >>> just in time for the return to school edmonds put out its list of best used cars for college students. the top four picks, the 2014 honda accord hybrid, which ranks highly for its gas mileage, exterior cameras and collision warning system. the 2013 volkswagon gti that comes in second, edmonds notes its engine and quality interior, although do you want your college kids to go faster? the 2014 mazda 3 on the list and that's the -- i'm not sure, fun to drive. i guess is what they're saying. the toyota rav4. >> next at 6:00, survivors of last year's north bay fires calling for protections for survivors. >> the effort to make bart safer. the agency taking up a multimillion-dollar proposal today and some are calling on law enforcement agencies across

national retail federation came out against this move.said in a comment during a statement -- now this is an escalation against china because the administration has not seen china protect american intellectual property or lower tariffs. in fact china retaliated trying to target specifically farmers in the united states. there's a feeling within the administration that if they increase the tariff on a smaller number. 200 billion still a large number, but if they increase tariffs on a smaller number as opposed to the 500 billion the president could go to, it covers fewer products therefore less of an impact to u.s. consumers. could not go into effect until september 5th. back to you. melissa: interesting, thank you. david: met life reporting second quarter results. shares are higher after hours following a beat on earnings and revenue. the life insurance company citing solid expanse management all over the world and maintaining a strong free cash flow, but up a solid 1% after hours. melissa: working to block trump's supreme court pick, pres

. >> reporter: the national retail federation coming out against this move saying in a statement, quotewe said before that this round of tariffs amounted to doubling down on the recklessness of imposing trade policy that will hurt u.s. families and workers more than they will hurt china. surprisingly, many democrats stand behind the president's use of tariffs. >> we'll see what china does. i support the tariffs. the tariffs are a tool and not a permanent trade policy. our trade policy and tax policy have betrayed workers and been a direct attack on the middle class. tariffs are part of the answer to that. but i want to make sure we do these tariffs and aim them at those countries that are serial cheaters. >> reporter: now, the administration feels that adding more tariffs or an increase on a smaller amount of goods -- still, $200 billion is not small, but it's less than $500 billion the president possibly could impose here. so putting more tariff on a smaller amount of items will have less impact on the u.s. consumer, still affecting china in a great way, hoping that china will come to

the national retail federation said it would be at least 4.5% growth.h the tariffs. point, it iss about stockpicking and those companies culturally changing and making the investment. you have this window. earnings were good in the first half of the year. companies were able to reinvest behind businesses and it is putting the money in analytics, omni channel retail, changing the culture in what kind of fashion and inventory you are investing in. the ones doing it well are bearing fruit. you have a lot of recovery. one year ago, everyone wrote off retail. when macy's was down, they had written it off and said, there is no retail, it is amazon -- david: [laughter] steve: brick-and-mortar anymore -- that is crazy. 80% to 90% of retail is still in store and the companies making cultural investments are winning. david: not surprisingly, bullish on retail. great to have you with us. stephen sadove and lisa shalett, great to have you here. julie: great conversation on consumer discretionary. let's talk about another way people are spending money. or should i s

august to early septemberis still a great time to find really good deals.katherine cullen, national retail federation: "we still have the labor day sales and stuff in august so if you missed on an item you really want don't despair." saving tip number one: buy in bulk.experts suggest you pool resources with a group of parents who have to buy the same items for their kids, then split the cost to save money.bargain tip number two-- match prices.according to a recent nerdwallet survey-- about 4 out of 5 parents don't always do this and leave money on the table.another suggestion from nerdwallet--- buy refurbished laptops or computers instead of new ones. just make sure it comes with a warranty.bargain tip number three-- take the bundle approach and buy pre-packed boxes of supplies online.alok deshpande, financial expert, smartpath financial: "standing in the aisles at a walmart or a target is tough. and so, you save time and headache if you get the bundle."online sites like school-tool-box dot com and school-pak dot com allow you to search for pre-built boxes for participating financial:"we've priced th

the national retail federation expects consumer spend fog reach $82 billion this season. h retail resist benefit most joining sus now liz dunne. thanks for being here. back to school is tough because some of the shopping begins in july prime day was a big day for back to school shopping from what we understand from both amazon and other players. but a lot of kids going back in the midwest and other weeks. what's your read. >> i think the back to school is strong the consumer is in good shape because of jobs and wages. it's fight labor market. the consumer has more money, more people employed and i think that's driving overall strong sales. also, some trends in consumer electronics and also a little bit of trend in apparel. the other thing you see is some of this capacity come out of the marketplace. so your -- you know the previous segment some of the companies have gone bankrupt some stores closed that good for retailers that are still around. >> and when you think about the retailers that are still around and the combination of shopping that gets done, some of it probabl

the president and ceo of the national retail federation will join us, dow hanging on to moderate gainsart this esy,p 47 >>> coming up thursday, a big interview you do not want to miss becky quick will sit down with warren buffett along with the lunch of the leading bidder. the ceo of berkshire hathaway, on "squawk alley." dow is up 49 points. ron! soh really? going on at schwab. thank you clients? well jd power did just rank them highest in investor satisfaction with full service brokerage firms...again. and online equity trades are only $4.95... i mean you can't have low cost and be full service. it's impossible. it's like having your cake and eating it too. ask your broker if they offer award-winning full service and low costs. how am i going to explain this? if you don't like their answer, ask again at schwab. schwab, a modern approach to wealth management. tap one little bumper and up go your rates. what good is your insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your firs

according to the national retail federation-- total spending for k through 12 and college is expectedn dollars this year. each family is expected to spend an average of $680 this year. that includes $236 on clothing... $187 on electronics and $138 on shoes. when it comes to supplies such as notebooks... pencils and backpacks... families will spend an average of $122. but the survey also found that most parents are expecting their kids to spend some of their own money on back-to-school shopping... which could influence what the parents actually have to pay for. ( lydia )coming up on the kron 4 morning news.... a mountain lion is spotted in a quiet neighborhood on the peninsula. ( lydia )and after the break... a bay area neighborhood has had enough with homeless encampments. we'll tell you what's being done to address the on-going issue. life's bleachable moments need clorox bleach. ( james )( darya ) welcome back to the kron 4 morning news. let's get a check of the forecast. much like yesterday skies today will be dry and sunny but with smoky to hazy skies as more smoke sits over the b

and there are new retail projections out from the national retail federation which suggest sales and twenty eighteen are now forecast to increase more than expected previously the federation set a high end would be four point four percent increase this year but now they are projecting a four point five percent increase at least here discussions to serve t.v. and radio commentator steve malzberg steve thanks for being with us this is really good news right. you know yeah it is really good news in fact i believe it is in the first half of two thousand and eighteen we're up four point eight percent over the first half of two thousand and seventeen and there are so many reasons for it i mean they credit the tax cuts they credit of course the low unemployment numbers people are working they have disposable income household that worth net worth is up consumer confidence is up so all the ingredients are there of course people could be a little fearful if they factor in inflation and the mentioned afore mentioned in your last segment trade wars which are real but there's so many good economi

emma: the national retail federation is actually upgraded up to 4.5% and tariffs remain it escalates,hey will be praying uncertainty. a check of thet argentinian peso right now, we are seeing some of those losses just paring back after argentina said it would sell $500 million and it auction on this tuesday. we have the argentina peso hitting new lows after the central bank raise rates to 45%, the fourth surprise hike in argentina this year. runaway inflation is a problem in argentina as they have imf talks and we are now seeing coming back from earlier declines. julie: it's the size of the auction that is so notable, 10 times larger than the five prior auctions which were each it $50 million. shery: $500 million at currency options. live from new york, this is bloomberg. ♪ shery: assigned to the bloomberg business flash, the biggest business stories and that is right now. there's been a shakeup at the groups consumer banking operation that includes the departure of the global credit card chief, they've struggled to meet targets the u.s. credit card business, one of his former respons

the national retail federation raised their estimates for consumer spending this year.nal. we'll have 3% gdp growth this is how we get to it. >> bill: we were talking about the turkey thing. you don't think turkey is a big deal. >> not a big deal. that's not why we're down today. this is china. you know what? we're winning the so-called trade battle with china but listen, i'm not rooting for china to get hammered, destroyed or crush. they have issues that have existed for a long time but they are bubbling to the surface. there is a company over there that goes back as the most valuable tech company in all of asia. ali babba. first time their revenues declined since 2015. the stock is getting hammered down 29% this year. it's sending shock waves. we saw economic data in china yesterday the worst in 20 years. more signs they have serious problems. keep in mind what the trump administration, they want to slow down what's called made in china 2025. their great goal of dominating through technology. their exchange where all the big chinese tech companies trade on, if you eve