i think sam walton created a great company.and i love it when people can go -- he came from nothing. he was the american success story. i don't e begrudge his right to pass on money. as a matter of fact, you can look at the whole 1% and you distribute that among the population it would be $7,000 per american. >> just distribute more of the profits among the workers who have to depend on you and me for the food stamps they get to survive while working at walmart. >> do we know the philanthropy of the walton family? that's what we're trying to do. >> are you suggesting we admire their philanthropy when they are not paying workers a living wage? >> i'm suggesting that the markets in the united states given the fact we have not prepared workers for modern economy that we have an insufficient education structure leaving the poor behind. at least there are jobs and i want public policy that makes those jobs pay more. the idea somehow that walmart can suddenly take the profit margin and spread the money around in this way or even wors

sam walton flew in on his prop to every single store. >> back in the day, you are saying. >> yes. >>o not. and now, everybody knows they are coming. they are set up. they do not see that doors the way you and i do. third shift, during the week, or any time during the weekend. >> what are the success stories? if these are the failures of retail right now -- and i realize that managers in place to try to turn them around, which we can talk about next quarter or the quarter after. what is doing well in retail right now? >> the four cornerstones is improvement, and third is chain drug, and fourth the leadingd supermarket players like window. >> i got to ask about cosco, because a number of people have mentioned as the winner right now. and industry leaders have said it is the bane of their consist -- their existence because they are such good competitors. what is costco doing right that everyone else wants to copy? >> they are doing it right. they are paying their workers much more than walmart workers make. but the real winner is kroger. format,ins in every grocery, discount, pharmacy,

he has a lot of leverage, and he's using it the way sam walton did with walmart. >> you mentioned some in terms of the future of how people consume content. how do you see that fight shaping up? is it like the uber situation where the most efficient solution is going to win? >> yes, absolutely. because consumers like lower prices. wouldn't you rather pay less for a book if you're getting it digitally? it does make sense in a way. my get all my magazines and newspapers digitally now. there is no cost to "the new york times" or "us weekly." i'm a big fan of "us weekly." their costs have not changed in terms of editorial. and they're making less money. that's always been the big push and pull going on here. it's just continuing. you know, players like amazon and google and netflix, these are the power players going forward. >> a lot at stake. you make a good point that this is something of an old fight just in new trappings. kara swisher, thank you for that. everybody at home, follow recode. they're doing great reporting on this and other really important tech stories. really high stakes

get a truck like sam walton and live in the stores so he might meet a customer. >> yeah, unacceptablehat's a relevant, and that's what macy's is good at, knows what sells in the store. you can bring in a city slicker what sells this season, and that is the cutting edge of retail, whether you like it or not. >>> another gainer in the s&p was ross. did you mention ross? ross sales coming in better than expected, higher profit, ngzing guidance for ross, call it off price retailer, turning around business lately, improving margins, doling with expense better, and wall street likes results of that, up 6.3%. >>> all right. let's get what's moving. >> good morning, david. the story is what's not moving right now. the reason why i say that, the important part here is we have obviously a lot of stuff coming up throughout the course of the day, and traders right now are just maybe jocking for position. look at the s&p 500 over the court of the past week. we've been in a nice little miniwinning streak. up 2% in the course of the past week, pulling off record highs in the s&p 500. look at where t

sam died, we said the company would be good for ten years, would struggle the second ten and would get worse in the third ten. and what we told the walton family representatives then still holds true today. >> wow. all right. we'll leave it there, guys. thank you so much this afternoon. >>> all right, about a half hour before the closing bell. the dow modestly higher, same for the s&p and nasdaq. >>> russian president vladimir putin may be more of a thorn in the side of the west than everyone realizes. that's what emerging market hedge fund specialist bill browder says. he waged an anticorruption campaign in russia and paints a picture of gloom and doom. he'll join us when we come back. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price, maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. could help your business