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

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

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 that hey you know what. we're now entering the prison industrial complex as cards 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 through 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

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 that hey you know what. we're now entering the prison industrial complex as cards 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 through four zero one case and other investments so this study looked at the holdings of americans and three quarters of their wealth 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 cheered well alan greenspan said just recently that he doesn't look at he does look at wages he

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 that hey you know what. we're now entering the prison industrial complex as cards 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 who for 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 he does look at wages h

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 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

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'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 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

. >> 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

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

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

. >> 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

>> 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

including google, blackberry and wal-mart. when we come back, analyzing the analysts. were the right kals made? and we're not talking about that holding noncall. [ female announcer ] today, jason is here to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in his lower back. as lines grow longer, his pain continues to linger. but after a long day of helping others, he gets some helpful advice. just two aleve have the strength to keep back pain away all day. today, jason chose aleve. just two pills for all day pain relief. try aleve d for strong, all day long sinus and headache relief. i'm a conservative investor. but that doesn't mean i don't want to make money. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectiv

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

number three wal-mart earnings before the bell. you may remember the company suffered some steep losses after leaked internal memo said february had the worst sales start to any month in seven years. analysts are expecting the company to post earnings per share of a buck 57 and revenue of $128.7 billion. sandra: number two thing to watch january existing home sales. economists expect a drop of .8 of a percent. that would mark a second straight months of decline. two pieces of housing data already out showed declines in housing starts and confidence. david: the number one thing to watch again beside the market itself will be initial jobless claims. claims are expected to rise by 14,000 to 355,000. last week claims surprisingly dropped by 27,000. when you think of what happened today with the market and the reaction of the fed remember the s&p futures suggest, their closing suggesting tomorrow will be another down day. it is a day too watch. keep it right here. liz: absolutely. thank you so much for joining us. next is "money" with a

thousands of self-serve kiosks come to wal-mart and sam's club stores. can free health screenings prove a game-changer for providing care? the founder and ceo of the company behind them joins us. >>> ditch that fancy trip to the caribbean and come get baked in colorado. call jeff sipc oli. it gets green light from colorado regulators. businesses plan to lure tourists and turn colorado into the next amsterdam. will be a hit or the next buzz kill. even when they say it is not it is always about money adam: good evening to you. just eight days and a few hours until the latest government improsed fiscal disaster. eight days until cuts that both sides say they will completely crater the economy take place. and just eight days until budget cuts could tank wall street and the stock market rally which up until today had the s&p, and the dow up 6%. let's get right to our money power panel to itemize some of the specific ways we're all going to feel the pain if lawmakers fail to find a solution. former congressman steve bartlet is a member of the campaign to fix t

wal-mart is working with suppliers to get more ammo into the stores to meet the stepped up demand. the shop in timonium, they were empty. i walked by to see what it was like. not a box on the shelf. done. >> stay with us because even the animals are getting into the super bowl. >> a grizzly bear knows who he is light. and the answer is for you next. >> he is going bananas. fans took time out from the sight seeing to see a difference in the lives of a family. we'll have a look at the new house seven years after katrina. >>> topping money before the january jobs report, pay roll company adp said employersed ad 192,000 jobs. that's a better pace than we had for last year a study says almost 2/3 of americans between 45 and 60 say they will delay their retirement. that's more than just two years ago. the conference board said the reasons are financial losses, layoffs and income stagnation n short the recession. >>> millions of bottlings of medication is being recalled because the kids can open the caps without disturbing the seals. four children did that and took the medication. >>> the

so, a dollar spent at wal-mart only provides about 25 cents to our local economy.nd that's why the tax rebates, the last four that we've seen, over the last 12 years, really doesn't work. so i'm the into the concerned, really, about those types of spending, there are some other things happening in the economy that are, you know, very encouraging to me. >> what are some of those? >> i'm just not that concerned. >> what are some of the things that are encouraging to you. we could stand some encouragement now? >> well, and this is something that you have to actually listen to my premise here, but eye energy prices are actually good for the country. you know, we don't have much manufacturing in the u.s. anymore, but the local mining industry, which is energy production in this case, is local, and it's something that not only produces high paying, live changing jobs in the energy producing areas, but it also makes available the funds to actually go out and fund the alternative fuel industry. so, it's something that's good, you know, it's hard to put that $100 bill in yo