, you heard me right, walmart.r the excellent quarter walmart reported today you take a step back, it's pretty clear these two companies have a lot more in common than you might expect. before amazon came along, walmart was the great disruptor to retail laying waste to mom and pop companies all over the country undercutting them in price and no other company has more merchandise than walmart. amazon embraced the strategy to take over the world introducing at a scale with lower prices than you can find elsewhere. most companies can't compete with amazon on price and they go under and why this company has been steadily taking over the world. walmart has no problem competing with price and walmart's dynamite ceo, doug mcmillan, non-promotional, announced a new strategy, his goal to become a major player on the web. other brick&mortars have tried to do this but haven't had walmart's advantages. for starters the company has a fabulous balance sheet and can spend the money necessary to challenge amazon on its own turf an

matthew: walmart takes great pains.y had an investment meeting last october and the ceo says we want to be viewed as an e-commerce company. they are not there yet. let's not forget. if you look at the market cap difference, another interesting number is 42%. that is the percentage of monthly walmart shoppers that are amazon prime members. they need to get the people that are constantly shopping on prime t going on walmart.com more often. getie: will they try to members with a prime-type thing? matthew: they tried that and scrapped it. there are having success with free two day shipping on any order over $35. vonnie: our they moving warehouses and updating? matthew: they are spending a lot of money on dedicated e-commerce filler. you never want to get in a logistics battle with walmart. they are formidable. vonnie: it has been interesting, amazon versus walmart. i want to reiterate the breaking news in time new york city. governor cuomo is on the scene. mayor bill de blasio is on his way. a car plowed into pedestrians. t

are buying groceries at walmart too. in fact the most in three years. food makes up more than half of walmart's total sales. the enthusiasm fell somewhat due in part to walmart lowering prices and sales of more expensive items at the beginning of the quarter. in a retail wreck, walmart is a bright spot. i'm courtney reagan for "nightly business report." >>> in the midst of a political crisis or at least controversy, president trump hosted a news conference at the white house with the president of colombia. he was directly asked about the russian investigation and his conversation with the then-director of the fbi, comey. >> did you at any time urge former fbi director james comey in any way, shape, or form to close or back down the investigation into michael flynn? and also as you look back -- >> no. no. next question. >> the president also said, speaking for himself, there was no collusion with russia. and he called the entire investigation a witch hunt. as we have been reporting, investors are watching what's happening

this is a very walmart like idea.et's use backend distribution to create savings for the customer. it wasn't really working, they were spending a lot of money and almost $500may be million in venture capital and the return customer numbers weren't great. brand andad created a the key thing here is that walmart, which had been searching for an online strategy at a differentiator for years saw in mark lori and what he toated in jet.com a way signal to the world that walmart was serious about the internet. amazonturning walmart's ambitions it into a cover story was a work of the creative director. >> we had a great shoot of mark lori and his partner at walmart. we were sort of concerned that people wouldn't necessarily recognize who they are. sureve the smiley guy, not if walmart uses him. oliver: i think they do, whenever there's a special. >> e-service really well. he appeared on most of the covers we've done about walmart. except nowthem back he is sort of creeping up behind jeff bezos. like: i initially saw it trying

it shows walmart is in economy in the us. it shows walmart isina economy in the us.od position to be a big competitor in different areas. we've seen that online was a huge boost to them in this last quarter. they are also doing well in terms of grocery numbers. that will be the next really big hitting area, where people will have to compete a lot for in terms of retailers and groceries and walmart has positioned itself well. it is making its mark in the us, but it seems to have major problems, especially in the chinese market and competing with the likes of alibaba? absolutely. the kind of difficulties you would see with walmart competing with the likes of amazon are already established, in terms of e—commerce. the task is that much greater when it comes to china and competing with alibaba. it comes to china and competing with aliba ba. aliba ba's earnings it comes to china and competing with alibaba. alibaba's earnings have just come out and wylie didn't meet investor's expectations, it showed that the chinese market is still hungry and looking to shop. that was fro

you just mentioned walmart. walmart's performance has doubled up. obviously pretty impressive relative to the srt. you mentioned tar get. that's the other one. ily are a couple of obvious seismic shifts going on. i think it's important to remember that last year in 2016 u.s. had $5.5 trillion in retail sales. when you think there's other things going on there too, amazon had probably less than $100 million in retail sale. there's lots of potential sales. obviously walmart is participating, target could be one of those names. hi think some of the other big box retailers, they're down an awful lot. they're down. i think there's probably some good fundamental ideas out there. >> the biggest distinction between the targets and the walmarts of the world versus some of the department stores you're talking about is whether you're talkinger staple purchases or discretion nair purposes. walmart and target are selling among other things, groceries and household cleans and things like that and you have a vegas different demographic. amazon is not going to be s

walmart, very different. walmart's doing the right things. the investors love walmart because they're paking the right investments. >> let me ask another question. walmart's gains are made on the back of target's losses? >> they've been faltering maybe the last two years. for quite some time. it doesn't mean the stock is not trading well. if you go back and look, target held 54, which was a pretty critical level. >> five-year level. it's held it well. >> it hasn't bounced in a meaningful way. at 13 times forward earnings, if you believe they can turn it around, i'm on the fence about it -- >> you used to love target. >> i love it. >> they're all moving in the right direction. here's the problem. when they started to falter with the grocery side of things, that took all their attention. they need to possibly think about what they did with the pharmaceutical spin-off. they are not able to run that properly. maybe they've got to do some form of spin. >> would you rather? >> look, you think guy is the only one who likes to play would you rather?

why walmart's acquisition spree may be the am oh to take down amazon. media companies are getting with add this week revenue emerging as a trend. cbs reported its results after the bell, revenue totaling $3.4 billion. that is a beat. still, the fear of cord cutting is intensifying. pay-tv subscribers are moving online. paul, let's break down the cbs first. how are they bucking or reinforcing some of these trends? >> cbs had pretty good numbers today. they beat on the bottom and top line. when you strip out the super bowl and other top line items, they say that revenue was down -- at the cbs network was down slightly. impacts ofso feeling a slowing advertising environment. but they are benefiting from other revenue streams. their licensing a lot of the tv content they produce. their licensing it to other players such as netflix, both domestically and internationally. they had some good revenue from the licensing side of the business. they are clearly the most bullish on the advertising outlook as they head into the upfront season in a couple weeks. emily

walmart doubled that of the s and p 500. it's really obviously impressive, especially relative to the xrt. you mentioned target, though. that's the other one. i think there are a couple size mick shifts going on in retail right now. last year u.s. at $5.5 billion in retail sales. when you think about amazon, there is other things going on, t too. there is a lot of potential winners here. i think a lot of those other stocks, department stores are down an awful lot, pretty oversold. it is a tough trade. the s and p has support at 40. >> the biggest distinction between the targets and walmarts and world versus the department stores you're talking about, walmart and target are selling groceries, household cleaners and also you have a different demographic. both of those things suggest that amazon is not necessarily going to be selling the toilet paper and mink these guys are now selling. neverthele nevertheless, at some point in the future you hope they adapt their businesses at well. >> we know the consumer section had quite a

it is of course walmart. fabulous report yesterday.lked about what they're doing so right, which is jet.com. i agreed with mr. wonderful on that. today, they're buying upside calls that end at the end o the second quarter. june 30th, they're buying that expiration specifically, the 79.50 calls. so, you can see, these calls have moved up from just over 40 cents you know day ago now they're trading at about a buck 20, buck 30 in that range, mel. about 7500 of them were bought like that. very quickly today. you know how i like the follow these guys. i'll probably be in the neighborhood of these probably two to three weeks. i like the set up for these guys for walmart into this and just like we said, technology is partly responsible for this big upsurge we're seeing. >> yep and speaking of retail, it's on pace for its worst week of the year despite earnings beats from gap, l brands, so so dinvestors just hate the sector? >> this is a business and industry that has the potential to be a dinosaur and go extinct. what players in this space ca

walmart is a established. growing momentum is shifting online.all, retail sales only a few percent this year, versus 15% online, so amazon is in the right place and is executing well, and it is moving into grocery, which is walmart's sweet spot. that is where walmart gets about half of its revenue, so investors are just watching for amazon to take more and more of the consumer spend as a goes into more and more of these categories, including the mother of them all, groceries. inwhat about the experiment brick and mortar, the bookstore? how big do you think that is going to be? very measured, but they must be seeing something they like. they are getting in more cities, now, and then beyond the bookstores, they have driving kiosks in seattle. they just opened two of them, so they are experimenting with work and mortar. they realize they have to meet customers halfway and give customers somewhere to go to get things, that, again, the pace has been fairly measured, and that is going to be weather is a big standoff between walmart and amazon, is on th

it has walmart gaining on target and amazon. let's look at walmart in "numbers don't lie."tailer reports earnings before the thursday opening bell and investors will be seeking clues on its fight with amazon to e-commerce sales gained 29% in the fourth quarter, while global numbers have dragged down the total figure. fueling the online growth spurt ,s the acquisition of jet.com who started now has walmart's e-commerce -- whose founder now heads walmart's e-commerce unit. the law, walmart's brick-and-mortar performance in the fourth quarter posted the biggest increase in more than four years. u.s. comparable sales rose 1.8%. it is not just competition from amazon. target is looking to turn itself around with lower prices. what you will see is the gap between walmart, orange line, and target, the white line. target wants to close the gap and walmart wants to keep it pretty why did when it comes to walmart earnings, analysts per share on96 revenue of $117 billion. they are forecasting 1.3% gain in same-store sales good target reported numbers that it's comeback is taking hold.

like are you a walmart kind of guy you make over the weekend -- walmart. >> i think i am typically oft. >> it has been years since i went to a shopping mall. passed through parking lot never been inside. i haven't been walking down main street and actually bought anything very long time i am online guy, i know i am a neanderthal technologically that is very true i am but amazon works for me only works. >> you can't buy lawn mowers tractors online you got to go -- >> i did actually buy a john deere product literally day before yesterday i am a little speaking out of turn here when it comes to the major items, i am not going to buy my tractor online i am going to physically go down sit in the thing drive it, and then buy it. but everything just about everything else, i am online, how about you? >> yes. >> yes, and, yes. >> chain saw you need in person everything else on line. >> you can get a good -- >> you get them online not end of the world. >> this is why we love each other, that is right from the heart, great to see you "varney & company" 9:00 a.m. monday through fries stuart will

and getting crushed by walmart in sales.hy investors continue to double down on the growth trajectory of the e-commerce giant. how the chevy volt stacks up against the competition, and what mechanics found after stripping down a -- down gm's electric car. first, to our lead. big news out of uber. the have fired levandowski, former head of the self driving car unit. he was in an ongoing battle between uber and alphabet's self driving unit, waymo. waymo sued uber later this year, tradeng levandowski sold secrets and patents for self driving technology to use at uber. fifthowski invoked his amendment right to not testify, which made more difficult for uber to defend itself. our bloomberg tech senior executive brad stone is here in the studio. what is the explanation why now? , brad: well, this is really about 14,000 files, files that were allegedly surreptitiously downloaded by anthony from waymo and the judge said levandowski had to turn over those files. or refusedto comply, -- or declined. perhaps because something about the

amazon shipping will take longer, though -- up to eight days as opposed to walmart's to days.hat is a whopping difference. set --: visiting is disney is that the reporter ins after the closing bell. the company making headlines when they cut about 100 espn staffers, including on-air talent. costs andth rising any rodent subscriber base. let's look at disney as a whole. company's residence -- revenue growth has been negative in back-to-back quarters, the first time that has happened since 2000 and. you can see total revenue in white, and media revenue in orange. networks are critical because disney gets more than 40% of its revenue from that unit, which includes espn. you can see how the sports giant has lost subscribers for three straight years. lower revenue is stressed, but so, too, are higher costs. espn is the highest-price part of your typical cable tv bundle and it is vulnerable to cord cutting because the network generates much of its revenue from since christians. people, as we know -- subscriptions. people have been pretty quick to cut the cord. 600 30,000 traditional

i'm a big fan of walmart.ee lower roi going forward because they have to do a lot to make it work but it is all working. when you get 1 1/2% growth store per store sales something is size of walmart, somebody gives up a lot of market share. target was down. there's a 3 percentage point spread between those two and they do the same thing for a living pretty much. so i think what walmart is doing, what doug has done and retailing 101, making everything their work better has been fabulous. >> you are an admirer of mcmillen. >> i am. >> as a retailer. what specifically has he done to change the shopping experience at walmart? >> i described doug as the reincarnation of the original sam walten. he basically said we're not going to be undersold. the stores are going to be decent to shop in. we'll go back to what we were. they have literally been able to do that and done it across an enormous number of stores and having run retail all my life, man, there is nothing harder than that. making all the stores going in the

walmart's e come val prm. >> now, i spoke with walmart's cfo on the phone.uarter was solid, we had good momentum across the category and and across stores. remember food is more than half of what walmart sells and i ask him how he was marketing tral fr from, he said these acquisitions give us a different way to reach the customer. he said while walmart isn't ready to speak about the on/in-store discount, he said it having a very good response. >> up 1.4. >> what was it supposed to be? >> so it not above. >> it's not below or quoter couldn't perfect. >> stock's still down, though. >> the revenue will miss. >> it could run out of lettuce in a store. and for the next quarter, the guidance 108-102, analysts were looking for 107. >> are you a millennial? >> i am technically the oldest millennial. >> so you're familiar with the term math, this is a math thing. >> but you're hip to the language. >> am i? >> no, i just learned tbh is to be honest. >> i'm surprised. rotplmm oo the aol aim page. are you on twit are again? >> no. >> what about facebook? >> no. >> by th

walmart is beating target. >> why won't walmart get it right?> good points, but as we say, investing in e-commerce and losing, we estimate $150 million a month in e-commerce business. look at the companies, u.s. dollars, they've dropped 4.5 billion. that's billion since 2014. they are likely to be the winner. i guess the question i say, is, what are you winning? when will i win? outlook for earnings continues to be done. their stores produced only 60 basis points of top store sales growth. low end wages rise at 6% right now. it's going to be very hard for them to run the stores and not deteriorate economics. so we agree with steven wholeheartedly. the company made good and hard decisions. they are chasing after amazon with gusto, but at the same time, that chase is very expensive. we have seen return on invested capital drop precipitously and earnings have come in. >> we have to go. i will just mention, it's not like you have $100 price torgts. >> 79.25. not a buck and a half here. >> we get it. gentlemen, thank you both. >> thank you. >> talkin

walmart blamed it on a third party vendor.d to be compensated for the late delivery. >> i was expecting the delivery of this item and paid $200 above retail price for it and what could they do in order to compensate for this problem. >> walmart sent him a $25 e-certificate. he wasn't satisfied and we reached out to walmart and they refunded him $200. and sent him his switch. >> if 7 on your side wasn't there it wouldn't have happened. >> walmart did not get back to us. >> i want to hear from you. open weekdays, 10 clock to 2:00. you can also reach me on my facebook page and through abc7news.com. >> excellent. >> thank you, michael. >>> two newborn birds need a name and you can help. looking live at a nest of osprey. two chicks hatched on top of an historic korean at the national park in richmond, mom and dad named and now the babies need names. you can submit your ideas on ab 7 news.com. >>> not more than just fun and games. more than a thousand first graders took place in the fitness event, learning about teaming up with frie

they need a brick and mortar component perhaps to compete with walmart on food and remember, walmart leverage. now, they're not saying that it's because they're beating down the suppliers. but david, their balance sheet allows them to be able to have a food offering that's fresh, that makes -- that's very different from the brown steak effect. you know the brown steak effect? >> no, tell me about it. >> that's the steak i order from amazon that's placed in front of my house on an 88 degree day. i prefer to pick it up at wall martz on -- walmart on the way home. >> you don't order steak from amazon? >> no. walmart is thinking that. what is our edge, brick and mortar, and it's the steak. it's the steak that doesn't cook while it's in your driveway. >> all right. here at the new york stock exchange, of course, the opening bell set to ring right now. take a look back on the exchange. going to be a mixed open. the big board, bright scholar holdings. an operator of k-12 bilingual schools in china. it is going public today at the nasdaq. also celebrating its initial public offering, argenx,

walmart blamed it on a third party vendor.ed to be compensated for the late delivery. >> i was expecting the delivery of this item and paid $200 above retail price for it and what could they do in order to compensate for this problem. >> walmart sent him a $25 e-certificate. he wasn't satisfied and we reached out to walmart and they refunded him $200. and sent him his switch. >> if 7 on your side wasn't there it wouldn't have happened. >> walmart did not get back to us. >> i want to hear from you. open weekdays, 10 clock to 2:00. you can also reach me on my facebook page and through abc7news.com. >> excellent. >> thank you, michael. >>> two newborn birds need a name and you can help. looking live at a nest of osprey. two chicks hatched on top of an historic korean at the national park in richmond, mom and dad named and now the babies need names. you can submit your ideas on ab 7 news.com. >>> not more than just fun and games. more than a thousand first graders took place in the fitness event, learning about teaming up with fri

the dow is being helped by walmart, dragged down by cisco. with that, we'll turn it over to scott wapner and "the halftime." >> thank you so much. we'll keep our eye on things taking place in the nation's capital. the market, a nice little comeback after the worst day of the year for stocks. the dow only up about 17.5 points, s&p up less than 4. it is the nasdaq up 20 points, still hanging above 6000. with us for the hour today, joe, josh brown will be along in a moment, kevin o'leary is mere and mario gabelli is here. it's good to have you back, mario. >> oh, it's a privilege to be here. >> joe, nice to see you as well. so that was it. kevin, 400 points down for the dow and here we are. why no follow-through? >> because it was just noise. the washington circus is really disconnected from the market and i think most people are pretty comfortable with that idea. even today listening to wilbur ross after all that chaos, the administration has a lot of functional people in it outside of the circus that we're watching with the trump/russian story

. >> also watching walmart. look out, because the german grocer has a massive expansion planned in the u.s. i just, by the way, thought that was us doeing the snapchat. >> i remember, yeah. >> we'll see. >> i think people were talking about that at the time. yes. we'll do aldi versus walmart. and trade secretary mnuchin in italy to find a way of trillions of dollars in foreign earnings to be brought back to the united states. we have it live from the g7 summit. we begin with macy's crushed on weaker than expected earnings. courtney reagan with more. once again, courtney, retail in a reluctant spotlight today. >> i know, isn't that the truth. there's no signs of a turn-around for department stores today. almost across the board, macy's shares down 115%. the disappointing results were in line with the expectations. on the call, the cfo said she only expected the first quarter to be the weakest. despite its ninth straight quarter of misses, she is reiterating the full year forecast. she acknowledges the challenges,

walmart start -- stock up over 2%.sitive territory after the biggest one-day drop since september of last year. the tao of the s&p 500 in the green -- the tao and the s -- the dow and the s&p 500 in the green. from new york, you are watching bloomberg. emma: this is bloomberg daybreak. coming up, we speak with anthony's durham the g -- anthony sarah mucci -- anthony s caramucci. announced its quarterly earnings yesterday that beat rest -- that beat estimates, but the stock move down because the sales forecast going forward grew cautious. joining us now is ceo chuck robbins. chuck: it is good to talk to you. david: i want to start with what we have been talking about, which is what is going on in washington and how it might affect cisco. they are starting tax reform discussions, today and you have a fair amount of cash overseas. if they did not get around to fixing that issue so you could bring it back, with that affect your business materially? chuck: we fundamentally believe that tax reform is needed. we have been act

wall stre walmart's online sales are growing and fast up. up 63%. walmart is expanding it's digital side buying up online start ups and offering shipping deals that compete with amazon. wall street loved it. walmart stock up 11% this year. >> four car companies and millions of drivers reached a settlement over faulty takata air bags. the flaw caused explosions in some cars linked to 11 deaths and 180 injuries. the deal that comes 8 years after the initial recall is for $553 million. final approve expected later this year. the fcc could roll back net neutrality. the commission voted 2-1 thursday to repeal an obama error regulation that prevents internet providers from speeding up or slowing downrabby a few companies. it enters a public comment period before the final vote. >> we'll keep an eye on that. early start continues right now. >> did you urge former fbi director james comey to close or back down the investigation into michael flynn? and also as you look back -- >> no. >> no. next question. >> president trump looking to move on from troubles h

police say they caught the suspect accused of shooting up a stranger's car at a walmart parking lot. >>> and today is national bike to work day. why people across the country and at home are making the two-wheel commute this morning. >>> ape young girl becomes the target -- a young girl becomes the target of a long foul ball during the phillies game. we'll look at the-ye injury andt you know how she's doing. man only concert. and new details on the cause of death of roger ailes. wake up skin. neutrogena® hydro boost hydrating tint. the first water gel foundation with hyaluronic acid it plumps, quenches... delivers a natural, flawless look. this is what makeup's been missing. neutrogena® ♪ dixie ultra's new flexproof® technology makes it twice as strong as the leading store brand. that's strength you can count on. ♪ only tylenol® rapid release gels have laser drilled holes. they release medicine fast, for fast pain relief. tylenol® so find a venus smooth that contours to curves, the more comfortable the you are in it.kin, flexes for comfort, and has a disposable made for you. skin smo

>> i want to talk about walmart.tite for people to play in a much cheaper way than amazon affords you right now. i wouldn't be surprised if walmart spends time on its call talking about the stuff they're doing in e-logistics and e-commerce. if they do that and can make the case. the recent rally in walmart might not only be justified but given another leg higher. the stock is up $10 largely on people getting excited again about what they could do online. >> pete? >> you have the discounter and then somebody who has been so far amazon proof, right? the big box guys, particularly lowe's, home depot. home depot's millenniums, somebody last week went to neutral. they've been right for a long time. understandably it could pause for a while, scott. maybe that's the case and time to lighten up a little bit. look at sales force thursday. >> we said that was at an all-time interday high. what about you? >> best to worst let's start thursday, alibaba, the acceleration in ali pay. you'll hear a fan ttastic story from alibaba. o

walmart the big one.n this question of which retail kers stand out in what ma been a has been a retail wreck, there's high hopes around walmart. >> we'll watch for that one. >>> coming up, the top stocks to watch, including a huge mover to the down side. we'll round up the big movers. >>> as we look back at this day in history, the fifth anniversary of facebook's ipo. that was marred by delays and trading glitches at the nasdaq. look at the share price then and n now. we're back in a couple minutes. i sinci added fures, have access tohe oil markets and gold markets. okay. i'm plugged to equitie ani have global acce 24/7. meaning i can do what id to do, athen i can focususn 24/7. at i want o. vit nfutestoday.com to see what t dingtures n f yo. *ade you thgs youwa ve aesto r rht moment.on and en y filterut the noise, it'ea tturn ur visn into actio it's your tra. e*ad but we've got the get tdigital tools to help. now with xfinity's my account, you can figure things out easily, so you won't even have to call

the stock price of walmart right now, when the retail sector was dumped, walmart's up five bucks, a stockormant for a long time. >> yeah. >> i think this is a rising giant willing to fight, and it's going to be a fight. this is one you have to watch going forward. >> this is the generation to please, too, right here. she wants -- >> i do like in-store pickup. >> fix the search. thanks, guys, appreciate your thoughts. >> thank you. 45 minutes to go here, and dow sitting on 21,000, down about nine points right now, s&p lower, too. transports, though, up nearly 50 points. oil's lower. nasdaq's up 19 today. russell's up a little bit. all over the place. >> vix almost back to 10. oh. more trouble in the airline industry. when will this end? which carrier is in the cross hairs this time, and what led to airport chaos. if case you have not seen the video. it's crazy. >> it is. >>> also head, disney, news corp., nvidia some reporting earnings today. bringing you the numbers, analysis as soon as they hit the dap, and bob iger speaks with us on a first cnbc interview after the results. what he says

let's look at walmart. walmart is making serious headway is online fight against amazon.les gained 69% in the first quarter. the company cfo saying e-commerce business posted the fastest growth in five years. healing the growth spurt, the acquisition of jet.com. looking to grab a bigger share of shoppers from amazon. mortar's brick and performance in the first quarter outpaced estimates. yes comparable sales rose 1.4%. target has posted negative same-store sales for four straight quarters. this shows the gap between walmart and target for u.s. same-store sales. i'm just going to interrupt, president trump's meeting with the president of columbia. let's listen in now. >> it's a great honor to have president santos of columbia here. long discussions today. columbia has been making great progress but we are working on knocking out the drugs because we have a problem with drugs and you have a very big problem with drugs. we are working very hard and very diligently and we will be spending a lot of time together today and in the future, a lot of time. mr. president, it's an ho

wednesday, target and thursday walmart and gap.nd the manufacturing survey and home builder sentiment today. tomorrow, we'll get housing starts, and industrial protection. on thursday, jobless clays and the philly fed survey. economic date is important. there's this narrative out there driving the marks about economic growth picking up. the weaker chinese story, you wonder where expectations are as this market continues to hover at record highs and barely move more than 0.2% any day. >> i would say it's not just over the weekend with china. it's the last month, we started to see the trend of prior 12 months improving chinese data turn in the opposite direction. so that's definitely a concern. the is it going well, the ma markets outside of europe, the bottom line for markets, though, has been corporate earnings. that's been a big factor both to the upside and the downside, we should point out which is kind of a reassuring fact when you do see the companies miss like macy's and others. >> they were so ugly, they managed to underwhel

it's now worth two walmarts. two walmarts. >> yeah.t's come a long way from being a nonprofitable bookstore in 1997. less than half a billion. >> amazon, if you bought it at the ipo you're up 641 "x." >> that's just -- it's stunning. $640 billion market value. i was around -- i remember when it went public and i believed mr. qua testosterone was the banker. i think it was deutsche bank that took them public. >> i don't think it was an accident that he was tweeting. >> it was alex brown -- no. it is incredible from the very first shareholder letter that mr. bezos shared with us, hey, you know what, we're not about current earnings, but we're securing future cash flows and man, their investors have bought into it. we pointed this out so many times. it's hard to find a more loyal investor base than what mr. bezos has been able to assemble, allowing them to make the long term investments that have secured a dominant position in retail. >> from the split adjusted close of 196, the stock has multiplied 490 times. ipo price. >> compound annua

they say they were just pulling away from the walmart shopping center in quakertown after dropping a family member off at work when this happened. >> as soon as we make the left-hand turn, we hear bang. i turned around, i see the window has been shot, glass hit me in the arm. >> reporter: from about 5:30 yesterday afternoon, police up in bucks county were looking for brandon grosso. soon after our 11:00 p.m. news aired, rich land township police found him with quakertown police at this holiday inn express in quakertown. overnight he was arrested and arraigned. and this morning he is in jail. coming up at 5:00, we'll hear more reaction from people inside the vehicle that grosso targeted. for now, reporting live in richland township, nbc10 news. >> thanks. >>> also new from overnight, investigators trying to figure out what caused this car to crash into a deli in north philly. you see from sky force 10 the car went up on to the sidewalk at 22nd and cambria last night and slammed into the front wall of the polar deli. one person is recovered from -- is recovering from minor injuries. >>

when i go play golf, i have jeff bezos and mark from walmart, who have not yet competed in the spaceing to start getting more aggressive on furniture. they're working for me. so, after a short-term stock price, what it does in the next five moiinutes, i don't care. what i'm worried b about is will the company make money and how is the space going to look. >> we're not talking about the last five minutes. >> i understand that. that's what happens. when you're a short seller, you have to say sometimes, i think i was on your show a few months ago after the emotionmobile acquisition. argument looked weird, what the ip would be worth. and george soros says i'm not rich because i'm right. i'm rich because i know when i'm wrong. i know when i'm wrong. with wayfair, my timing is off right now, which is fine. i'll wait until next quarter. instead of 63, it will be 33, 23, then you'll invite me on the show and i don't know, we'll find another reason to beat up on me then. >> we'll talk about restoration hardware at that point. as for the profit bability issue, i'm reading a quote here from a p

walmart does such a good job and walmart's been putting the pressure on as well just by lowering theirwn prices and kroeger brings prices down and they're all getting ready with legal coming. it's going to be very competitive in the space, and i think target will need to do a lot of work to continue to even play catch-up right now. >> john, is there any hope at all? if you take a look at past retail turnarounds you invest when the days seem pretty dark. is it just that? is it just that the turnaround is way too far off? >> yeah, i mean, we do agree firmly with walmart lowering prices, to compete for those customers before they make a big statement in the u.s. so we think the retail environment is not going to get any better. we think target is transitioning to the online model. they're third so amazon is first. walmart was two years ago second. and now target is playing catch-up. and they've talked to having three years, $7 billion in investments. it's early innings but in third place it's hard to see them make up the traffic there. >> joe and john, thank you very much. and for our aud

este incidente ocurriÓ en arkansas, una mujer fue captada atacando a 2 clientes que compraban en walmartump para poder atacar. >> en otro episodio de racismo captado en video por un comprador de la tienda sprint, sugirieron ir a otra tienda pero fue suficiente que in sument ra. >> ¿por quÉ actÚan asÍ? >> por el presidente. >> protege a este tipo de personas pero cuando ocurren al interior de una empresa saben quÉ hacer en el caso de sprint o walmart condenaron este tipo de comportamiento. >> se ve como un hombre de sillas de ruedas golpea a hÉctor torres por hablar espaÑol en un aeropuerto de nevada. >> aquÍ sin preocuparse de las heridas inglater heridas interrogÓ a un hondureÑo despuÉs de ir al hospital tuvo que regresar en donde fue detenido. >> activistas indican que la libertad de expresiÓn no debe de ser motivo para pisotear la dignidad de otras personas. >> vÍctor hugo rodriguez, nosotr noticias telemundo. >> lionel messi fue condenado a 21 meses de cÁrcel en espaÑa. >> despuÉs de ser hallado culpable de evadir mÁs de 4 millones de dÓlares en impuestos ademÁs redujo la evidencia c

walmart in the end is bargain store, and dollar tree and costco and walmart. i am only recommending one chinese stock on this show and that stock is alibaba. i sat down with them, with management at cnbc's alpha conference and became convinced they have a very good handle on the competition. after the close thursday, we hear from two companies with red hot stocks and i'm talking about applied materials and salesforce. applied materials makes materials used in semiconductors. i think the better way to put it is why shouldn't the semiconductor rally continue given all these devices that are coming out. as for sales force, it just keeps gaining here and i suspect an excellent quarter may be in the offing. remember the stock does act on good quarters, so don't attempt to trade it. just own it. i have seen it go up and down on the same bit of news. friday we get results from deere. they could say things are loose in forrestry, or that they had no option but to refresh their position. now whatever deere says with incredit lags, i believe stocks go higher again, unle

. >> walmart with momentum against 2%,on, stock up over e-commerce business killed it, 69% volume uper. >> there are a couple of things. a big thing is marketplace. walmart has been able to add more stuff through third-party retailers and sellers the way amazon has done. the old-school metrics that walmart used to be good at, return on investment coming share repurchases, those investor-friendly things are taking a backseat, and we are seeing they are investing in big andowth, so it is hard to do both at the same time. investment in gaming paying off, posting record quarterly sales and profits the top testaments. honor of kings drove one billion plus users on wechat. >> we are seeing tencent become this hybrid of facebook, amazon, marvel, and netflix. they beat all estimates for revenue and profit this quarter. most of the growth was bolstered by their mobile game, specifically honor of kings. that game was the top download and top revenue grossing game in the ios store. analysts are expecting it to make as much as 3 billion yuan and will contribute more than half of revenue for 2017

target and walmart don't make things. they sell to americans what other countries make, particularly china. america's 5% of the world's population and 23% of the world's economy. the united states is the world's largest economy and 70% consumption. we consume much more than we make. china is 20% of the world's population and 9% of the world's economy. america's largest goods trading partner is china. last year, we sold to china $115 billion worth of goods, and they sold to us $462 billion. we had a goods trade deficit with china last year of $347 billion. so the border adjustment tax will hit china mostly, which i would be okay with, but we know that the border adjustment tax will really result in higher consumer prices and hurt american retailers. there is lots of tough talk in washington about challenging china's ambitions to become the world's economic leader. but that tough talk lacks guts or backbone. what do i mean by this? washington whines about china's currency manipulation, about china's poor quality of their ai

based on experience, and we've had early successions with the walmart program. and the early successes in repatriation were new lines that existing factory and reopening of old facilities that had closed. investors and companies have been a little bit hesitant to spend major cap that's needed for a transformational change and hopefully this will bring that forward. in order for the transformational change we need some of the things that have been talked about today, access to all the capitol that's stashed offshore ib investigate nrtd u.s. would be a huge boom. for some small businesses you should potentially consider an either or option. and as the ranking member said, workforce transformation is really, really critical because that say limiting factor today. retailers need to do some things too. the way p&ls are structures aren't align to think. we've been trained over 30 years to behave the way we behave. an example of that would be imported goods, a retailer has to order a year ahead of time nearly and then take position fob, at the foreign port, and they're

. >>> walmart believes it has a way to track delivery drones. walmart says the system uses what it calls block chain technology. they announced last year they are working with ibm to develop a supply chain solution. last week it applied for a patent on that technology. according to the u.s. patent office, it's called unmanned aerial delivery to secure location. >>> right now for 46:00. we want to check in with sal. i think at some point, you'll be controlling your own drone to look over traffic may be. >> it could happen. before that happens, i think that people will fill gear out a way not to have to drive. or at least still fly their car to work. >> i'm betting on driving first. >> will see. it's technically possible that i could be doing this from my house. they could set up a studio at my house. anyway, i digress. between the time i got here and now, when we look at the tracy commute, look at the slow traffic. all it took was really about a half hour to 40 minutes for this to appear. there are a lot of cars here on 205 and 580. pretty slow a

walmart declined to comment. manus: thank you much for the roundup.ake you to soul in south korea. this is the new man in charge of south korea. he wants to get tough on south korea's biggest companies. president.ew said i will do whatever i can to bring peace to the world. it will be an interesting head-to-head between trump and the new president of south korea. ambassadors of eu countries meet today to discuss the brexit mandate in brussels. meanwhile a rate decision from the bank of england tomorrow. saying the negotiations will keep the bank of england frozen, and saying interest rates will remain unchanged until the u.k. exits the eu. our guest is still with us in the studio. john, good morning to you. do you agree that rates will stay on hold until after brexit? john, what is your outlook for rates in the u.k.? >> it's likely they are not going anywhere anytime soon. the debate is a pretty balanced one. depends where growth and inflation had over the next couple of years. we are on the more pessimistic side of things, if i'm honest. we take the

. >>> police in bucks county arrest a man for shooting up a car in a walmart parking lot. >> officers spent hours looking for the suspect they say was armed and dangerous. katy zachry has more. >> reporter: that suspect, 32-year-old brandon grosso, is accused of having several other confrontations before and after the incident that played out in a very public place. this is the suspect that richland police have in custody. 32-year-old brandon grosso. he's in jail accused of firing a shotgun into a stranger's car in a parking lot. here's the damage it caused -- it blew out a window. there were two people in that car. they say they were pulling away from the walmart shopping center in quakertown after dropping a family member off. >> what makes it scarier is how the angle was pointed. probably make like an inch or two more. it could have hit me. it could have hit my mom, and she didn't even turn. >> reporter: soon after our 11:00 news aired, richland township police say they found brandon grosso. he was at this holiday inn express hotel in quakertown. overnight, he was arrested and arra

he fired at a vehicle with a shotgun at a walmart in quirk town. nobody was harmed in the shooting. you will hear from the man inside the bullet riddled vehicle coming up in the next half-hour. >>> a man accused of plowing into pedestrians in the heart of time square was charged with second degree murder and 20 counts of attempted murder. river arrest rojos drove his car at a high rate of speed into pedestrians. the bronx native has a history of arrests while driving while intoxicated. you'll hear from students who witnessed the scene yesterday at 6:30 a.m. >>> a minister turned himself in for taking pictures up a woman's skirt. he surrendered yesterday. police say the 66-year-old took photographs and video up the skirt of a woman who worked at the lutheran church in hackettes down, upskirting is a criminal offense in new jersey. >>> people who had takata air bags are getting paid for lost work. maribel aber has more. >> if you have a vehicle with one of the defective air bags you may be in line for money. the deal is aimed at removing the potential dangerous air bag inflaters from

why do we like walmart better?r inventory management, the customer satisfaction scores that we measure are going up as well as their intense focus on value. what stacy said is very correct. at the end of the day, everybody wants a great price. so it's coming back to offering consumers the best price in the marketplace and that factors into how i'm thinking about stocks. i think you have to own stocks which offer consumers deep value such as tj maxx, ross, walmart. >> stacy, i know amazon may not be specifically in your universe, but what is the process now for evaluating whether they're serious about a new category? we have a report out today talking about taking steps to get into pharma. >> yeah. i think amazon is in everybody's universe these days. and yes, they are looking at pharma. and certainly again, let's think about who is in the cross fire here of pharma. it's walgreens, cvs, cvs bought walgreens and it's a traffic driver. as amazon goes into each category there's no hiding. certainly you look at companie

cisco is a market mover so we want to watch walmart after we saw the retail last week.litical front president trump meets with world leadersgf abu dhabi and a person of turkey and on friday the president will begin his first trip. he will travel to israel saudi arabia. "fox business" will be with the present present on the trip reporting live. former fbi director james comey has been asked to appear in front of the senate intelligence committee and a closed hearing on tuesday. we will be watching for any information out of that as well. have a great weekend everybody. i will do it for "wall street week." we will see next week and next week we come to you from assault conference in las vegas. my favorite guest federal chairman ben bernanke. i will see you sunday morning futures on the "fox news" channel at 10:00 a.m. eastern. join me for that. the hit show "property man" starts right now. ♪ >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives we

it's a $10 decrease as it faces more competition from retailers like walmart. purchases will be delivered in five to eight business days. they already offer da freeshiping under its $99 a year prime program. >>> and the maker of oreo cookies is operating a contest. whoever comes up with a new flavor will get $500,000. they're asked to come up with a creation. they introduced new flavors many the past like birthday cake, candy corn, and minutt. of course some say anything other than the original is pure blasphemy. >> jill wagner at the new york stock exchange. thank you, jill. >>> still to come, new crash test results. we'll show you one thing that will improve your chances of surviving a collision with a big truck. urvivors. and now we take brilinta. for people who've been hospitalized for a heart attack. we take brilinta with a baby aspirin. no more than one hundred milligrams... brilinta helps keep platelets from sticking together and forming a clot. in a clinical study brilinta worked better than plavix®. brilinta reduced the chance of another heart attack.

la seÑora dijo que todavÍa nadie de walmart la ha contactado. sasha: gracias por el informe.ondonar ese comportamiento pedirÍas que una persona en esa situaciÓn no tiene un nivel de educaciÓn, pero cuando te encuentras a este tipo de personas, en el caso de esta seÑora en una tienda de walmart, parecen personas que quizÁ tendrÍan cierto nivel de educaciÓn. karla: creo que la ignorancia va mÁs allá de tu posiciÓn econÓmica, de tu nivel educativo. creo que la ignorancia estÁ en todo nivel. ignorancia no tener compasiÓn por los demÁs. hay mucha gente ignorante en este paÍs. quÉ esperamos de gente que nos ve, deben hablando espaÑol, sumen que eres mexicano ama imagÍnate que hay personas que son hondureÑos, guatemaltecos, dominicanos, que le dices que se vaya a mÉxico,, eso ya es ignorancia. satcha: estÁn es asumiendo que no eres estadounidense. hay norteamericanos que hablan perfecto espaÑol. alan: habla mÁs bien de tener un telÉfono celular a la mano. creen que esto va a notificar a mÁs personas que existe esto. hay mÁs o menos intolerancia. karla: creo que siempre la ha habido