erik schatzker is with secretary reisch in aspen. good afternoon. >> mark, thank you very much.u can see the wind has picked up, perhaps blowing fresh ideas into the ideas festival. there are some fresh ideas of right beside me in the person of the former labor secretary. thank you so much. as mark mentioned moments ago, the president is going to be making remarks in which we understand he will be directing his staff to ask for executive action to address the problem of immigration reform. the president possibly do through executive action to fix the problem? outt is hard to figure that right now. immigration is obviously very unpopular. obviously undocumented immigration is even less popular. people within the united states right now are not in the mood to do anything international, whether it is immigration, foreigntrade, or even affairs. isolationism is creeping in because the job situation is still bad and most people's incomes are still dropping. the president is a hard spot in terms of needing to take action on a lot of fronts without having any capacity through congress t

robert reisch has been out for before saying stuff like that, being criticized as really inflammatorye and ability and globalization taking over. stuart: inflammatory, we will leave it at that. amazon debuts a new smart phone an hour from now. are you still not buying the stock hashtag >> to? >> i think the idea of amazon to come out with a phone is fantastic. the e-commerce shoppers ecosystem. i don't think it will impact the stock typical amazon will sell probably at cost and subsidize it so it will not have an impact on the stock. too rich. stuart: now i want to deal with la-z-boy. the stock today is down. nicole, why? nicole: the stock was down at 10% at one point. sales have dwindled a bit sore same-store sales actually posting a decline. they are in fact blaming the weather and also some advertising costs, so the idea here is things will in fact turn around as a notice of first decline we have seen in three and half years, down 9%. so that is a huge moved to the downside, stuart. stuart: coming up in about within two hours of now, that is the federal reserve, janet yellen will b