walmart says this in response. quote, our customers are looking for shopping experiences that provide everyday low pricing and a mix of physical and digital channels that work best for their needs. we feel great about our position, with 4500 stories around the country and fast-growing e-commerce and online grocery businesses. walmart does have ten times the number of stores as whole foods, and has online grocery pickup at 700 locations and growing. it also has increased its fresh and organic options. whole foods and walmart do serve very different shoppers. whole foods' customers tend to be more urban, higher income, and walmart serves a lower income, more rural or suburban shopper. but investors aren't so sure that walmart won't be hurt by amazon's purchase of whole foods. when amazon enters a category, whether books, video streaming, or cloud computing, it plays to win and it pushes prices lower. amazon cares less about profit and more about pleasing customers. whole foods has a reputation for high prices. if pri

suddenly it becomes a walmart/amazon game, not a walmart/kroger game. >> you mentioned walmart went in thing about this deal that might be somewhat striking is that amazon is going for a premium player in the grocery business which has higher margins, access to the higher end consumer and amazon is really not the absolute low price competitor across all of the retail businesses and really what it's looking for is something that links up with the same prime service, a lot of customer data that whole foods does not get about its customers, maybe amazon sees the opportunity there. >> well, i think they probably do but i think they go for both ends of that amazon is in the grocery business on price and everything else is in the grocery store that isn't true grocery on price as well. so they can play both ends of it that's what they're trying to do in apparel playing the bottom end as well as trying to build product that competes with branded apparel. so this is just, you know, we want to take the whole space we want to -- not we want to take part of the space i still think in that area of

for walmart if they are doing poorly. theylked about making sure are cleaner, better organized, higher in stock, which makes all sales of walmart as well. they still want to see traffic increasing in stores and sales increasing. >> and as much as they have come along the last 12 months, there are still headwinds. what did they say about those? >> or are headwinds facing walmart, and other things analysts have brought up with us is that there are other big price cutters who are entering the market, especially here in the u.s.. aldi, a germants grocery store is planning on expanding. and walmart thought when they enter the u.k. market, they took market share away from walmart up overart was acting in the u.k.. investor wants to know what this will be doing to tackle that headwind as it comes along. and there is a negative retail environment out there right now. a lot of stores are doing poorly, and investors and analysts want to make sure what part of the head curve. bonnie: 40 live there from fayetteville, arkansas. emma c

why niles shorts amazon on the back of the deal, and former walmart ceo, bill simon, why walmart has more to worry about other than amazon. bill miller, a bull on the stock, and talking to him about valeant, and alexander accosta reacting to president trump's comments on cuban policy >> let's get to it we have details of the amazon's deal to buy whole foods and what it means for rivals. >> mike, this is a little bit of what it means because ramifications have many, many ripple effects, but the deal to buy whole foods makes it amazon's biggest acquisition to date, and one that's royaling grocery and retail stocks. amazon says it will maintain the whole foods brand with the ceo and cofounder somedaying at the helm, for now. the overlapping is high already, and the stores are are located close to many amazon distribution centers, which is an interesting point the partnership certainly arms whole foods with logistics and data expertise, and amazon gets 460 stores and know how and fresh grocery. so much, amazon's locations are experiments, and analysts estimate amazon fresh is small what'

amazon is trying to become walmart faster than walmart can become amazon. amazon is trying to build products for low income households faster than walmart can build e-commerce offshoots of its company. they're competing against each other and that's good. i agree with joe's final point. i think we're dealing with two extremely separate issues, government policy and corporate policy. government policy, we should have transfers to low income to help them pay their bills and buy food. but on corporate policy, it is good, it is good for companies to offer lower income families a discount so they can buy certain products if they so choose. i can't think of a good argument against a company doing so. >> very good discussion, gentlemen. derek thompson from "the atlantic," joe rideout from consumer action. thank you both. >> thank you. >>> coming up, smart medicine. meet the startup that helps patients take their meds. >>> uber has reportedly fired 20 employees. this follows a company investigation into sexual harassment claims at the ride hailing company. they tol

more important for walmart's other retailers are doing badly, so they want to see walmart is making thet of its brick-and-mortar stores. they have 4700 in the u.s., over one million employees. and they have been focusing on better training for employees, cleaning up stores, making sure they have higher-quality and more diversified products. isy have also been focusing a great way to get people into the stores. that is 50% of sales. they feel they can leverage the stores and online as they have introduced click and collect that seems to be popular among families. >> amazon does have time on walmart because it has been delivering for a long time. maybe walmart can have the edge when it comes to groceries. i want to ask about the minimum wage in certain areas. what is the company saying about wage growth now? as you may remember, last for they made a commitment wages for all employees in all stores. taken in aen seen as positive manner by investors. we have not heard anything else today about what they do to improve that. the jobs report shows further labor market tightening. for a big emp

cory: absolutely walmart., getting close to the customers, having a big part of this online. walmart is swimming upstream trying to its bandits already -- it may have a significant -- expand its already -- it may have a significant online presence but amazon is growing on the delivery side and in the grocery boersma's -- business. also on the tech business which is very different from the rest of their businesses and that it is massively profitable. amazon web services allows them to show a little bit of earnings-per-share and operating profit, and allows them to do deals like this. cory johnson, thank you. a pop quiz. billion,al is 13.7 what has been shaved off the market cap of walmart today? oliver: we have walmart down 4%. probably about an equivalent amount. jonathan: 12.7. so you can cut off the market cap of walmart by making a similar valued acquisition if you are amazon? oliver: we are talking about all of these public companies that will suffer from this. there is a big push within the private market

he now runs the walmart e-commerce and has been spearheading this move to improve e-commerce for walmartake on amazon. >> the brick-and-mortar experience is being tweaked, isn't it? the brick-and-mortar store growth has been more measured. what are they doing to improve the experience of going into the brick-and-mortar stores? >> that is really interesting. i was speaking to an investor yesterday that said the walmart experience is not all about amazon. it does not need amazon to fail for walmart to succeed. more important for walmart is that other retailers are doing badly, so they want to see walmart is making the most of its brick-and-mortar stores. they have 4700 in the u.s., over one million employees. and they have been focusing on better training for employees, cleaning up stores, making sure they have higher-quality and more diversified products. they have also been focusing is a great way to get people into the stores. that is 50% of sales. they feel they can leverage the stores and online as they have introduced click and collect that seems to be popular among families. >> amaz

nbc 10 asked the retailer if either store in our area would be doing it, walmart wouldn't reveal that information. we'll keep you posted. >>> in cape may county, engineers will present plans today for drudging the back bay in ocean city. officials say it's to keep the

it does not need amazon to fail for walmart to exceed.t, other retailers are doing badly, so they want to see the walmart is making the most of its brick-and-mortar stores. they have 4700 in the u.s. come over one million employees, and they have been focusing on better training, cleaning up stores commit making sure they have higher-quality and more diversified products. they see that as a great way to get people into the stores. they feel they can leverage brick-and-mortar andstores onlis they have introduced things like collect and collect. -- click and collect. vonnie: amazon does have some time because it has been delivering for a long time come of it may has the edge when it minimum produce, but wage was a problem for walmart when it was taking a charge for that. what is the company saying about wage growth now? remember, theyy made a commitment to boost wages for all employees in stores. that has been seen as a good manneraken in a positive by investors. we have not heard anything else today about what they might do to improve wage

food had been the one area -- walmart -- i don't know how this happened but walmart became the biggestrocer in the country. this is a shot at the bow of walmart. i don't know how walmart can come back other than bid much higher for whole foods david, i defer to you but you really think that walmart is going to let this go and not try to get whole foods >> i don't know. i think it would be uncharacteristic of walmart to -- it's very rare that you see overbids of deals. there's a $400 million break fee, that's it that's typical when you think about it as a% of the 14.7 million purchase prize i don't know, jim. i haven't heard anything that would indicate that is the case. the stock of whole foods is trading above the $42 all-cash deal it's always you have to say highly unlikely to see an overbid. you really feel as though they will feel -- unless there is a true need on the company's part that feels as though they are going to be eclipsed in a significant way. >> walmart needs this bad. >> really? >> you don't think they can just compete? >> no, i don't >> we're talking 460 stores here >

but then one day walmart moved in walmart. been recommending the stock of walmart back in the '80s based on the growth, low prices. but they hadn't yet moved to the northeast. soon after walmart landed and expanded, my father's long-time customers began to drop like flies. i heard pop say to his brother, that these clients were all moaning that walmart was selling shirts for same price that his customers were buying them from the manufacturer so there was no way they could mark them up most of his customers were gone in two years' time after wgs al street invaded the philadelphia area he started making doggy bag for restaurants, this was his last order, because of how quickly walmart destroyed the mom and pop businesses many were skeptical that walmart could sell food next to clothes and hard goods but they've succeeded and now they're the number one grocery store in the country. they were the lowest cost operator with a non-unionized low paying workforce so amazon can do to walmart what walmart did to the mom and pops. not on

i was the one who personally negotiated the settlement directly with walmart.hing to do with it. tracy finally is getting back to his life. we have to let him get back to comedy. i do the lawyering. >> beyond the fact that he would, as you suggest be put at some damage to his own psyche, any legal risk? >> no. he faces no legal the irving is that there's nothing relevant that he can say that can help their case. the insurance company, the insurance companies in this case have been taking the premiums from walmart for years and years and years. they know how to take the premiums they just don't know how to pay out the money. because walmart paid my clients directly, and now they are trying to get reimbursed from their insurers they don't want to pay. we know that there's nothing relevant. in the court papers they want a picture of his lamborghini. now tell me how that could be relevant to their case? and the reason that they put that in there is so that it can be picked up by the press and can harass tracy and me, have been harassing me trying to serve me with s

joe, what do you like that walmart's doing right now?of the physical and digital that they've been doing. they've made a lot of strides on the digital side, they've really,-on come together. that's helped to drive sales. their ecommerce sales are up significantly. and the traffic in the stores have been very good as well. >> in terms of what we're seeing in retail, there was a new report out -- this country going to close over the next five years. is walmart benefitting from that or doing well in spite of that? >> i think they're really doing well in spite of that. they're capturing some of that market share but at the same time it's probably a bit of a -- between amazon as some of these big engines that are going to drive the future. others are going to have to find ways to remain special like home depot or costco. this whole effort is taking hold out of walmart and they're in position to do it. they got over -- in the u.s., to -- headed it right. but walmart has that and i think that's picking up some of that share in the market. >> co

it would be surprising if they timed this announcement to shortcut walmart. walmart is catching up.re are a lot of brands and apparel categories where it is weak, particularly in its online category. mark of jet.com has been on a mission to fill some of these holes. emily: can walmart catch up? >> it will be tough to catch up to amazon. is there room for a number two or number three player in the u.s.? sure. that will be to offset what we likely see as a decline in traditional retail space. >> different parts of the market. amazon on the high end walmart on the low end. >> we will see how that is adopted. emily: so much to talk about. our senior executive editor from bloomberg tech, thank you so much. coming up, how will this megadeal give amazon access to hundreds of physical stores? we will discuss the expansion of the amazon's footprint, next. a struggling retailer, asking about what the amazon-whole foods deal means. this is bloomberg. >> the compety tough. people have to find ways to become more efficient and do a better job. you have these mergers and amalgamations, it makes s

walmart paid their to my clients. >> that's done. >> that's done.e, d in the fight. we're not parties to the case.r will not reimburse you. >> could a judge compel him to do a deposition. >> i will do thing e in my foreblock that. i'm pretty good at >> i can tell you're scared. >> i'm shivering.>> joining us. >>> casual jokes among some members incoming freshman class quickly turn vulgar. ahead the oessas that got at least ten students kicked out of school before they even started. >>> plus new upheaval at retailer j. crew. mellody hobson looks at what to expect as the retailers legendary ceo steps aside. you're watching "cbs this morning". by a heart valve problem. but no matter what path i take, i go for my best. so if there's something better than warfarin, i'll go for that too. eliquis. eliquis reduced the risk of stroke better than warfarin, plus had less major bleeding than warfarin. eliquis had both. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in

since they bought jet -- >> walmart did. >> walmart did, acquirining arod that platform, 63% growth inhe first commerce on e-e-commerce sale, and in store, it's helping. traffic up ten, 12 quarters in a row. it seems to be working. >> but jet.com is not selling to people, you know, on the snap program, is it? >> no, but ultimately, a lot of walmart is selling to people on the snap program. >> right. >> it's a huge part of the business. interesting thing here is $6 a month, $5.99, it's more than kosco's membership a year. you get more for it, movies, video, all of that, but interesting to watch to see how that customer does and whether it goes to, you know, too amazon for that. >> michael, you tilt more towards amazon, do you? >> i'm a believer in amazon's long term growth. i think this is a, you know, the move to offer a lower price prime membership is just another part of amazon's strategy to roll out prime to as many households as possible. you know, i think from an e-commerce perspective, amazon has advantages over walmart. one is there's a vast, vast online audience, probably the s

you know, if you go back to the walmart deal last year where they bought jet.com, remember walmart waslready heavily into the grocery business but walmart at the time only had 8 million products listed on their website. now, one year later, they've got 20 million products listed on their site now, amazon has a huge number, i think it's like 300 million. so think about that. think about what walmart's numbers have been just in one year by combining themselves with online in an effective way. and then take it to the next level. look at this deal. this deal you would think that whole foods for sure has millennial customer. guess what, they also have the boomer customer. and guess what amazon has not only the millennial, the boomer but it has the act general narn because they've been buying books for years. you're crossing a wide spectrum of people who can shop online now. and think about this, the older group is more comfortable with amazon they know how to buy so now i'm going to buy grocery. >> but, rick, what do you do about the fact that it's sort of a running cultural joke, whole foo

i'm ago that is amazon and walmart. -- whole foods, excuse me. think that would send the shares of amazon lower, but not so much. today amazon is having its best day since november of last year. still sharply higher on the year and whole foods and amazon are not so far different in terms of what they are doing this year. both up 30%. typically the acquirer trades down, but it is pretty bullish here. they are saying this is a turning point in retail very similar to when walmart bought jet.com. there is a lot of positive synergy and clearly amazon is trying to get into physical retail. walmart, these sharks are sharp -- these stocks are sharp -- shares are sharply lower. look at the carnage. kroger down 13% -- excuse me. on paper it is the worst -- on pace for its worth three days since 1988. target down sharply. cosco, it seems investors believe this space, these companies -- editors are going to have a hard time keeping up with amazon in this space now that they are entering into the grocery store space. 8686,e look at g # btv this isn't your int

i've heard walmart mentioned here. i found out this man from rkansas started walmart and what happened nationwide, he drove small towns, small business.s out of so i really resent walmart and i have never walked in the door. that is all i have to say. thank you. mrs. rupp? uest: i think those are really interesting points tochlt your earlier point about stores and anting to touch and feel, that is definitely never going to go away. everyone talks about the death of the store. retail is not dying, it is just changing rapidly, so i are always going to be people who want to go in the store, want that experience, the product, try it on. a lot of people buy in multiple online, bringing them back and returning the ones that on't fit and maybe picking up accessory, jacket, something to go with it. i think there will always be a store, especially when it comes to apparel, that but line in a big way, people still want to feel the quality and try things on and to an he fit and talk associate. at the same time, there is a ertain

your traders on the desk -- he'll lay it out in the charts plus, walmart not considering a bid for whole foods. the stock still trading above the price. so could someone else step in and make an officer? and later, home depot is suddenly tank g. hitting three month lows we'll tell you what's behind the move, but first, we start off with markets in week where the dow moved a total of get this. ten points there were a number of stocks trading at extremes. advanced micro, up 27% oracle rallying 15% on its earnings ros restoration hardware has been on a stump rally. that stock up 2% then there's gilead and the rest of the space breaking out. expedia, an all time high in today' session so should you trade or fade these extreme stocks guy? >> restoration hardware, we've talked about it being oversold owning it for trade with the short interest that it had now, i didn't think it would rally to the extent that it has, but the move has been unbelievable i think deutsche bank was the latest to upgrade the stock. i think you're getting into nosebleed territory. because valuation is still expensive.

how is this going to work with walmart employees? >> great question.as on this very show two years ago talking about the work we've done in sports. we're taking the same model we used with athletes and pouring it directly over to the every day employees, using virtual reality to simulate experiences, simulate decision making that an employee would have to make on daily basis in a walmart store. it's more complicated than that but it's how do you give to employees on all levels in wall smart stores. >> what do you actually do in terms of presenting this tool to the companies in do you have to go out and gather lots of data images? how do you actually collect the raw material for this? >> great question. today we're doing everything start to finish. we are a human performance company, not necessarily a v.r. company. we are using emersive technology to retain, learn information faster, better. with walmart, we've been working with them for about the last nine months, obviously under wraps for a while until yesterday. and at the very basic level, we sit do

trish: all right, walmart. retailer is holding an open call for entrepreneurs to pitch made in america products. you might do it this year, right? hoping that they end up on walmart shelves. casey stiegel is in bentonville, arkansas. hey, casey. reporter: executives tell me this is one of the favorite days they have here at walmart world headquarters in bentonville, arkansas. it is open call for inventtors and entrepreneurs around the country. 500 he descended here to pitch products to various buyers. with hopes of getting their invention on store shelves or sold on walmart.com. people like this woman. meet jessica gore. she is from the dallas, texas, area. she has been invited to bentonville because of her brainchild tasty clean. edible purell, an anti-bacterial liquid sprayed on things like pacifiers, toys, mouth guards. anything that false on the ground and needs cleaning. -- falls. did i mention it tastes like candy. jessica and her husband worked on it for years. today they hope walmart picks it up to make

coming war the between amazon and walmart and raised real questions about how walmart is trying to moverge of efforts. accomplishedte setting up the domain names diapers.com and soak.com. he had a ton of money. that compares to amazon's growth market value of 200 billion. barely making a dent in the online arena. hter ismichael packed back with us now. as far as i'm concerned in my view you called this. you said there is a coming war going on between amazon and walmart. amazon has just recruited a big army to help it. >> i think so. the missing element is the logistics management. what amazon is especially good is managing giant fulfillment centers and packing things and getting them on the road. they use small firms like on track. thesey're going to turn whole foods stores into refrigerated distribution centers they still have to build logistical capability for the 440 domestic locations. that's going to take a year or two. that's not going to be a this year walmart ties type event. simon,we just had bill former walmart ceo. he went to logistics as well and said that's what we underest

whole foods, even walmart's lost it's sheen they grow at 1.2%.use these soft goods plays have above average yields in a world that's starved for income, yet they're more expensive than almost every single profitable company, when it comes to price ratios and tech goes so much faster and long-term bonds see their yields rise as demand improves, i would not betagainst the bon market, because historically its much smarter than the stock market as we learned today, with and n an -- and an namic quarter when um employment is up, driving -- the inventories are bulging. finally a small group of tech companies have taken on market capitalizations that couldn't have been dreamed of at any other time they're wildly profitly, unlike, say, 2000. this is driving a lot of old school observers commentators, stock pickers totally crazy. conclusions that have historically held true are worthless. layer on top of that the uncertain nature of this administration, then you have to fall to companies that have growth no matter what hoping they execute to take advantag

. >> reporter: a new battlefield emerging in the all-out war between the rivals of amazon and walmart. amazon buying whole foods for $13.7 billion in cash, attempting to catch up to walmart's successful grocery business. taking over pretty much ytontionde distributors. they are getting consumers, too. >> you'll have more selection and lower pricing and two really, really big players making that happen. it will be walmart and it will be amazon. >> reporter: competitors took a big hit today as amazon moves in on their turf. kroger, target, costco and walmart shares falling on the news. >> for the general grocery store, i want to say, boy, it's tough. >> reporter: this is the latest ambitious move by amazon founder jeff bezos expanding his empire into traditional stores and upending the shopping cart. >>> all right. here are 4 things to know on this saturday fatac. and the alexandria baseb shooter james hodgkinson had a list of republicans on him. officials don't know exactly what the list means. >>> and the japanese coast guard is leading the search for seven u.s. sailors who went missi

walmart has 20 stores across india. i'm being told they're looking to expand to around 50 by end of 2018, but there are hurdles and head winds that the biggest retailer looks to expand their footprint into india monday -- >> as a side point away from mr. modi's visit, i notice from social media you spotted a meeting jamie dimon had on the sidelines. >> very interesting,after he wrapped up that meeting, ceo round table with prime minister modi, he caught up with travis kalanick, former uber ceo. i asked both if they had comments, nothing was said very interesting meeting and the timing is interesting, wilfred less than a week since we heard about that >> great stuff >> all right >>> in other washington news, congressional budget office set to release score for the senate health care bill sometime this week, possibly as soon as today. they will estimate changes to number of people with insurance coverage, how the bill would impact the federal deficit and other potential effects. the agency projected 23 million fewer ameri

the other one near walmart's headquarters in arkansas. the head of walmart's online business says the aim is to cut shipping costs and get purchases to customers faster. back to you. have a great weekend. >> thanks so much. see you monday. >>> checking stocks. all three indices set miles. the dow industrial average gained 134. the nasdaq composite up 48. the s&p 500 also up. >>> 5:27. back home and describing the attack. philadelphia councilman david oh talks about the moment he was stabbed as the robber remains on the loose. >>> setting a record. how comedian alec baldwin is making an impact on new jersey politics. you knew when you cast it they'd lock you up. but that didn't stop you. you traveled far and wide, and others followed. mothers, daughters, sisters, lions. and because together you roared so loud, i know my voice matters today. this summer, come celebrate new york state's equal rights history. download our guide to plan your trip. >>> road to recovery. a philadelphia councilman returns home as the search for his attacker is mi

walmart is buying for $310 million. this had been rumored since recode put out the report say ing the final stages of the deal talks were in place. this is the fourth big acquisition for a retailer online only. bonobos has moved into these guide shops where you can try things on. you can't buy anything from the store but an interesting move from walmart i know there is some concern that it will hurt the bonobos buyer. some men have expressed on social immediamedia, hey, now tl mort owns bonobos i'm not interested anymore i didn't intend to have a whole closet full of bonobos clothing. they say, hey, look, since the rumor was started andy dunn said today since the rumor began in april we haven't seen any hit to our sales. they want access to the consumers, the data. the way bonobos runs its business andy dunn is joining walmart he says, look, i'm joining because of mark laurie he has been a mentor for a while and i can learn from him >> his title will be head of exclusive consumer brands which sounds a little bit like wh

they need everyone, walmart steering everyone away from amazon web services because walmart, you will to get that walmart business because they are tough and mcmillan should come on and talk about this maybe it's almost antitrust at a certain point. you can say listen amazon ties everything together. that would be an interesting case >> you think there would be an antitrust case to be made against amazon. >> you do. >> i do. >> i think so. anything there was doing below cost to be able to keep that business, yeah, i think you could make the case. >> same way there was a case made years ago against ibm, many years ago and against microsoft. >> you have to keep in mind i think the empire is going to strike back is what i have been saying the last ten days everyone has shook all of consumers, everywhere, watch these guys trying to gang up on amazon. there will be a reaction it happens so swiftly. 2014 to 2015 all the retails were up big but walmart is a sleeping giant and they have the family backing so it's not going to be as tough for them. if you notice that walmart among the retailer

right here at walmart, the green tickets are key.f you get one of these, you're getting picked up. we are happy to report that the banana guys, they got a green ticket, so they are on their way to having their product in walmart stores. we hope the same for so many others who have great ideas. >> julie: you can kind of pass is a ryan seacrest type. i like the idea. >> i like that. he gets paid a little more than i do. >> julie: couple of pennies. thank you so much. the latest on on the back-and-h negotiations on the health care bill, plus... this video is just horrifying. a massive bus crash in detroit caught on the bus surveillance can. for years, centurylink has been promising fast internet to small businesses. but for many businesses, it's out of reach. why promise something you can't deliver? comcast business is different. ♪ ♪ we deliver super-fast internet with speeds of 250 megabits per second across our entire network, to more companies, in more locations, than centurylink. we do business where you do business. ♪ ♪ [ rock musi

walmart has stores within ten%. the program's being tested at two stores in new jersey and one in arkansas. what an interesting idea. meg. >> very interesting. jill wagner at the new york stock exchange. thanks. >> ahead, comfort on the clay. the emotional embrace at the french open after an injured player makes an early exit. tomorrow is not a given. but entresto is a medicine that helps make more tomorrows possible. ♪ tomorrow, tomorrow... ♪ i love ya, tomorrow in the largest heart failure study ever, entresto helped more people stay alive and out of the hospital than a leading heart failure medicine. women who are pregnant must not take entresto. it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren. if you've had angioedema while taking an ace or arb medicine, don't take entresto. the most serious side effects are angioedema, low blood pressure... ...kidney problems, or high potassium in your blood. ♪ tomorrow, tomorrow i love ya, tomorrow ♪ ask your heart doctor ab

in blue, market cap-wise, amazon really taking it away to walmart and white, but walmart revenues areon revenues in blue, telling us investors are really paying up for the growth potential. talking $1 trillion here. the u.s. economic expansion is in its eighth year and is headed to become the longest on record according to a bloomberg survey thatonomists, which found 60% think the expansion will last into at least 2019. 30% say at least until 2021 and 10% until at least 2025 or later. joining us now, the senior u.s. economist for bloomberg intelligence. do we buy this? do we agree with that? >> bloomberg intelligence economics was part of the survey you just mentioned, and i guess we are in that 60% who are not expecting a recession in the years. least couple of business cycles do not die because of old age. they die because the fed can kes ande pedal or the bra push the economy into recession. it is not happening right now. we are in the eighth year of the cycle, but we are still not seeing any wage growth, inflation, hiring. these are the things you usually see at the end of the bus

. >>> walmart is offeringre they check your blood pressure and give you body mass index tests. the event runs from 10:00 a.m. and goes until 2:00 p.m. >>> and whole foods getting a lifeline they say. >> absolutely. amazon rang up a surprise mega deal purchasing the food giant. we'll explain how this is eating up the grocery wars in an intense battle for your money. >> reporter: a new battlefield emerging in the all-out war between the retail rival amazon and walmart. this time at the supermarket. amazon bought whole foods for $13.7 billion in cash, attempting to catch up to walmart's successful grocery distance. >> amazon is taking over pretty much everything. >> i hope it means i can quickly. >> repoods getting a lifeline after losing dominance in heon have lower pricing. here will be two really, really big players making that happen. it will be walmart and it will be amazon. >> reporter: competitors took a big hit today as amazon moves in on their turf. kro kroger, target, costco and walmart shares falling on the news. >> from the general grocery store, boy, it's stuff. >> re

stuart: got a chunk of walmart. >> i am not in walmart or amazon right now.is full disclosure indeed. i will check all the market, the price of oil, $45 per barrel, and around 42. now it is 45. gas continues to fall, we are 224 is the national average, we have five states under $2 a gallon, south carolina, oklahoma, alabama, mississippi, missouri, tennessee, $2 even. there will be six states under two dollars. liz: we haven't seen this and how many years, 12 years. stuart: individual stocks, what we are looking at, we are looking at walgreens, rite aid stores paying $5 billion, walgreens is doing that buying and they are up a little bit, rite aid is down. walgreens is not going to buy a couple hundred stores from fred's, that is a related company, not going to buy them, down goes fred's, under $3 per share. we are down, walgreens, what have we got, i have the dow industrials right at 21,400 and chef boyardee. conagra owns them, cut back on promotions. the corona beer, maker of constellation brands, raised its outlook for the year. it is up $11, 6%. mccormick,

trish: quickly, walmart, jpmorgan, saying walmart may get into this. your thoughts on that?oke to walmart. they released a statement. they don't comment on speculation. they're focusing on e-commerce. their e-commerce grown 67%. they're focusing more on that and pricing for walmart. they're not focused necessarily trying to acquire whole foods. trish: they have to figure out how to do it themselves. >> only represents two% of the grocery buy, whole foods. trish: we have a hard break. i have to leave you there. we'll be back with more after this. so i liked when my doctor told me i may reach my blood sugar and a1c goals by activating what's within me with once-weekly trulicity. release its own insulin. trulicity responds when my blood sugar rises. i take it once a week, and it works 24/7. it comes in an easy-to-use pen and i may even lose a little weight. trulicity is a once-weekly injectable prescription medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. trulicity is not insulin. it should not be the first medicine to treat diabe

walmart testing out a new program that doesn't require using more planes or cars or workers. just a detour on the way home. a look at a new strategy. >>> and talk of a new chat app on facebook except you don't actually have to have a facebook profile to join this. why parents are skeptical. we'll give you new reasons to feel more comfortable after the break. live at cnbc world headquarters. here are today's top business headquarters. wall street will try to build on yesterday's gains seeing the dow close at a record high for the first time in three months. investors reacting to prospects of economic data on jobs and today is the big data point of the week, the monthly jobs report. hiring is expected to have been strong in may, another signal of an improving economy which will likely seal the deal for a fed interest rate hike this month. the dow raising 135 points to 21,144 and the nasdaq up 48 to 6246. walmart is testing a new program to have workers deliver online orders to customers on their way home. employees who opt into the program will get extra cash as an incentive. t

tomorrow, you get your milk for free you want to go walmart?does $3 billion a year in delivery already maybe he hooks up with lyft. are you sad? >> is the walmart customer, whole foods customer, i don't know -- >> that was the dollar general sell off some costco were overdone >> such a big bet on food. >> it's a big country. not everyone is a prime sub. a lot of prime sub, not everyone is a costco. i feel like there's seg menation >> the deflation has hurt them so much. here's the deal. knocked down a little bit. amazon doesn't feel -- it's not like -- you brick it, it doesn't plead. poison it, it doesn't die. >> could you recommend buying cvs today if you're looking at other areas? >> yes >> why >> i don't like that managed care, but i chartabitable trust owns -- here's one this is kind of like giving right now, i'm giving the skins the bootleg for cousins. brian corn el right now, pick up your phone, brian, list ben to e he's got to call kroger and say i'm giving you the food area i gave cvs the pharmacy, you have the food. let's go beat them

walmart is the largest u.s.grocer it serves a very different shopper and has had success with online grocery ordering. if amazon can push prices low enough at whole foods to entice a walmart shopper in areas where both have locations and offers online ordering and figures out fast, free delivery, watch out everyone the biggest problem for retail is if and how amazon uses the new 460 whole foods stores as additional fulfillment or pick-up centers. that puts amazon that much closer to your front door and that is what the retailer should -- >> that last mile. >> that last mile. >> they've got the remnants of what was web van way back when back during the dotcom bubble. i remember the photos of all the refrigerated trucks. they were going to deliver groceries back then. they've been thinking about this for a long time. bezos learned a lot from whatever happened or didn't happen >> they've been experiment with amazon fresh they've looked at it in london online grocery delivery is really hard. nobody wants to pay for

internet giant amazon says it's buying whole foods, the popular supermarket chain walmart. an intense competition for your money. nbc news jo ling kent has details. >> reporter: rivals amazon and walmart, this time at the supermarket. amazon buying whole foods for $13.7 billion in cash attempting to catch up to walmart's successful grocery business. >> it's great. amazon is taking over pret pretty much everything.ty much everything. >> i hope it means i can get whole foods easier to my place really quickly. >> reporter: the deal means amazon will get 450 whole foods across the country to be neighborhood distribution centers. getting a lifeline after struggling financially and losing dominance in organic food. analysts say it could be a good deal for consumers. >> you'll have more selection and lower pricing and there will be two really, really big players making that happen. it will be walmart and it will be amazon. >> reporter: competitors took a big hit today as a turf. kroger, target and costco shares falling on the news. >> for the general grocery store, boy, it's tough

it will be walmart and it will be amazon. >> reporter: competitors took a big hit today as amazon moved in on their turf. kroger, target and costco shares falling on the news. >> for the general grocery store, boy, it's tough. >> reporter: investors rewarded amazon for the deal. the stock spiking enough to almost pay the bill. this is by founder jeff bazos upping the chapping chart. >>> nbc news has learned details tonight about the investigation into wednesday's shooting at the practice for this week's congressional charity baseball game. investigators say the gunman was carrying a list containing the name of house republicans when he opened fire. our justice correspondent pete williams has date he tails on this. >> reporter: while james hodgkinson was firing at members of congress, he was carrying a handwritten list in his pocket, names of republican congressmen adding an element of mystery whether he planned an attack in advance. officials briefed, the list was trent franks of arizona, jeff duncan of south carolina and mo brooks of arizona along with a few others officials would not

. >> walmart shareholder day is underway right now.e have fresh remarks from the ceo in a few minutes. >>> google is out with details of its new ad blocker. we can't wait to talk about this, one option could be paying to see content without any ads. wonder how that's going to play with certain millennials. >> there's a lot to unpackage in that story. >>> life after professional sports, franco harris and charles smith from the nfl and nba respectively will join us from the exchange talk about transitioning into the business world. >> we always ask our celebrity guests what their biggest money mistake was. charles smith has made it his mission to help professional athletes transition into life after athletics, so they don't have the big money mistake that often they have. >> we've heard so many stories about this, these guys are helping to try to -- for the next generations, try to help make better decisions. >> they're ringing the closing bell today, that's why they're here. we begin with a disappointing jobs report this morning. steve

walmart wants to hear about it.all for all entrepreneurs to pitch their products in hopes of getting them on walmart shelves. casey stiegel is live in bentonville, arkansas. casey, did you see any great products? reporter: david, we've seen a lot. have you ever asked yourself, i should have thought about that or i should have made this, see something on a store shelf? we are seeing dreams becoming reality here today. let me show you around here, walmart corporate office, bentonville, arkansas. the hall back there is quieting down because we're approaching the end of the day. that is where all the magic happens. it is lined with dozens of private rooms where all of these inventors from around the country have been pitching their products to walmart buyers. now, here is one product up for consideration, tasty clean. it is an anti-bacterial spray but it tastes like candy. yes, you can eat it. jessica gore, a mother from the dallas area, developed it inspired by her son when he was younger. he was having a meltdown. he

and target not all bad for walmart the retailer says it is applying the online men's clothing storeor more than 300 million dollars in cash. it is the latest by walmart, fox business network for the latest in business and financial news fox business, giving you the power to prosper. ♪ eric: this is as rogue pariah regime. they are terrorists they are brutal there is no sense to anything here. they are -- this they have crossed the line with my son otto. eric: that was a father of american student i am prisonned by north korea talking to tucker carlson his son otto warmbier raced selled 17 months has severe neurological damage called unresponsive weightlessness worst likely permanent how do you stop this from north korea sanctions military might both. >> more sanctions, sanctions only work only effective i know this because i have worked on sanctions for many years the treasurer department effective whenever you are threat of military might behind them look at north korea, north korea has been sanctioned over years but not to the extent that we have sanctioned iran we could still hav

you will only find them at some walmart stores. have to have a chocolate cookie, i'm sorry. >> are you going to try it? >> no. >> for research purposes? >> yes. it's national donut day today. there are lots of freebies. i think coming up on facebook there are places for free donuts. >>> more new video from tiger woods' dui arrest, and it's giving us a glimpse inside the golfer's holding cell. we'll get ready for more backups on the way to the beach this summer. >>> you're watching "news 4 today." >>> take a look at this picture. do you remember this man, the miami man who looked like the joker character from the batman movie was arrested again this week. lawrence patrick sullivan was arrested on a marijuana possession charge on wednesday. you may remember that sullivan was arrested back on may 23rd after police received a call that he was pointing a gun at passing cars. >>> more details in that arrest of one of golf's greatest pl video of tiger woods' dui arrest from inside the police station. >> molette green has more on how he ap