for walmart, that's a big deal. on top of that, inventories were 55 billion, down 2.7% year over year as opposed to sales growth up 6%. so, margins are going to continue to improve in an environment where they're winning. so, yes, valuation is a concern, we've said it for awhile, but you stay with the stock. >> unlike past reports, we're seeing an increase in volume, in transactions, not just an increase in revenues from price increases, which is sort of the trend we've seen in retail in general. >> yeah, and guy mentioned inventory. think about how far removed we are from the inventory snafus of six, seven kwaugters ago, when people thought, these are the smartest guys in the room in retail, how did this happen? but for walmart, it's all about gr gross margin. and that's where the multiple in the stock, at least, has plenty of support around here. and i think the question is, how much higher can the multiple go based upon how much higher can the margin go? gross margin was up about 42 bips. e-commerce added 340 bas

. ., walmart.walmart. thank you so much for joining us today. _ walmart. thank you so much for joining us today, sorry _ walmart. thank you so much for joining us today, sorry it - walmart. thank you so much for joining us today, sorry it was - walmart. thank you so much for. joining us today, sorry it was such a brief one, hopefully we will talk again soon. let's go to asia now — because japan's economy has slumped in the first three months of this year — hit by months of weak consumer spending. japan is on track to lose its status as the world's number four economy to india, which could overtake it next year, according to the international monetary fund. japan's total economic output or gross domestic product shrank at an annual rate of 2% betweenjanuary and march — that's a lot worse than the 1.5% fall expected by economists. so why is it struggling? our asia business reporter mariko oi explains. it boils down to the purchasing power of a common family name in japan, it is about private consumpt

walmart is up premarket.y have beat estimates of forecasted better-than-expected did your results. he, shall are driver jumping 20%. -- e-commerce jumping 20%. >> high quality, better sales, better membership. inventory is in great shape. i think the real story here is full of the top line we started for the first time strong dollar growth. a really impressive print and probably a tough quarter for retail. we're pretty happy with the numbers. where is that coming from? stock: gross margins were successful in their markdowns were lower year-over-year. we are starting to see some of their other business mixes start to affect the p&l. lisa: there is the shopping part of this in the amazon competition when you ask where are they taking market share from? you mentioned advertising, data, e-commerce are the evening amazon's lunch? chuck: there taking share from several parts of retail. their competitors are all the start, kroger. the consumer is seeking value, they are winning. annmarie: in a time there is disinfla

walmart -- walmart is not anecdotal. costco is $130 million walmart's double that.-- walmart has big international, too you've got to look at what the companies are saying, not the aggregate data, because the aggregate data is often wrong or late if i were fed governor, i would say, we got really good news from walmart and home depot. but they'll never mention a company ever they're almost anti-empirical in the way that they speak. therefore, they don't have the rigor that i expected. >> a lot of it is very qualitative. >> they shoot from the hip if i want to shoot from the hip, i would be anthony edwards >> that's the second day in a row with that joke >> he's the next michael jordan. that's why nbc ought to get the contract okay because when you get to the playoffs, it's dazzling. for the first 80 games, not so much >> right jim, we mentioned adi leading the s&p here, but on semi, qualcomm, they're all in the top 20 >> we've been waiting for vincent roche -- he's really good, the ceo. "we believe in inventory rationalization across our broad customer bases stabili

walmart meanwhile out. get to cheryl casone with the numbers. >> we've got a double beat, we came in at 60-cents on an adjusted base a sis and the estimate was 52, so that is a strong showing for walmart. revenue, 161.5 billion, the estimate was 159.5 billion. u.s. same store sales, we were looking for that to come in higher by 3.15%. that was a jump of 3.8%. so that was a strong number on u.s. based same store sales. revenue growth, that was 6%. operating income grew almost 10%. even on an adjusted basis, even better, up 13%. e-commerce in particular he globally picking up steam family room for the company, this is the online story. they're sitting on more than 4 billion in operating cash flow and they repurchased 18 million shares for 1.1 billion. if you're looking for bad news on walmart, you're not going to find it right now. overall, it looks that even with their ad business growing 24% and 21% jump in e-commerce sales on a global basis, and the share repurchase, maria, the story continues to show us t

that is the story at walmart. lower end of the market in terms of cost. at the low cost airline easyjet, its all change at the top. the big boss — chief executivejohan lungren — is to step down early next year. succession is in place with the chief financial 0fficer stepping up. speaking to us earlier, mr lungren said he was dedicated to the airline and focused on what he called �*another record summer�* whilst defending the hundreds of flights it was forced to cancel last year. that has been something that has been happening really across the whole of the industry. we have had a great start to the year from an operation point of view, in terms of our on—time performance as well. and summers are challenging, you know. this is true that there's less airspace available and there's more capacity, but that is something that is happening and taking place, and all the airlines and airports are exposed to it. but on the other hand, i must also say that i think every player is better now invested and equipped in order to

>> overall this week, i'll say walmart.nyone who is best positioned is anyone that is topped into wellness or entertainment. the consumer -- what i agree with is the consumer is spending at the priority. they are still going out to east a eat because it may not be top of the line, but there is that category. >> jessica and bill, thank you it is a big week for the consumer see you soon. >>> coming up on the show, skipping wall street. where fast fashion shein is looking to a new ipo >>> cnbc is celebrating asian american and pacific islander throughout the month of may. >> the determination and grit i developed led to the perseverance i needed. we are no longer considered a minority that enhances the community to help push out forward and be successful something amazing is happening here. students are inspired and engaged. that's because school districts consulted with cdw to design modern classroom solutions with preconfigured hp devices making education immersive, accessible and secure. now, when researchers study elephant

at the same time, walmart is a -- walmart wants prices to be low, and people who shop at walmart realizehey are indeed getting the bargains that sam walton used to talk about. >> meantime, advertising up 24%. >> that's found money. >> inventory in the u.s., down 4%. >> how about the fact that they closed those minute clinics when they realized they couldn't make any money? some people were critical of that, saying, that's an example of how they can't grow. how about they just had the guts to admit they made a mistake? >> you were impressed by that. >> oh my. when i went over it with them, they said, look, staffing is a problem. why would we want to do that? it turns out to be not si synergistic. i wonder, what is the like for cvs, especially when amazon is gunning for the front part of the store and now wants the back part of the store with automatic drugs that are cheaper than cvs? very challenged. >> let's touch on cisco, jim. the year over year revenue number is awfully weak, worst in years, but talk about stabilization of demand. we got splunk now rolling into results. >> that was a

walmart. sales gains are not ininflation-driven. it's been driven by higher-end consumers trading down. that sounds inflationary to me. maria: trisha mclaughlin. >> i'm getting my pop corn ready for the upcoming debate with, but with i think republicans need to not shoot themselves in the foot. don't set the bar so low for biden that he automatically supersedes it. maria: todd piro. >> bob costello, if he ends up testifying for the defense, this is the really over. maria: that testimony was incredible. ing that'll do it for us. have a great day, everyone. mark tepper, trisha and todd, thanks for being here. "varney & company" picks it up now. stuart: good morning, everyone. all-time highs across the board, the value of all publicly-traded stocks has gone up by $10 trillion in the last 122 months. that is a wealth creation machine like no other, and there's no pullback this morning. the dow can, it's getting close to 40,000, real close actually, it's going to be not much change to start the day

does the walmart -- what does the walmart report tell you about the economy? >> normally i say a lot but when you have 600 family dollar stores shutting, where are most of them going? when you have 400 footlockers shutting, guess where they are going? macy's are shutting, guess where they are going also, walmart is taking advantage, one of the greatest stories in the history of the united states, $650 billion in revenue where cashiers become managers of stores if not more. a magnificent cash generating machine that is actually themselves a has inflation down because of their lower prices and what they've done through the years. i'm not so sure it is on the economy. stuart: i want to comment from you on the big picture rally. we gave numbers out this morning that in the last 365 days the value of all publicly traded stocks is gone up by $10 trillion. i've been around a long time and don't recall seeing an explosive rally like that before. how about you? >> that's a lot of cake. we that rallies like that before but the market is so much bigger now so you have so

this is a lot of positive momentum behind walmart.omic area. we see strong numbers in grocery with 60% of the business. they have a general merchandise operation and the third-party marketplace. we think the general merchandise is doing well. we still think walmart is getting share in the category. the growth of the online business is helping fuel the walmart plus subscription model. we feel that is the way to attract and retain higher-income households it retained over last few years. lastly, the model is changing. they are getting into alternative revenue streams. it is. >> growing advertising business. it is also getting into data monetization. i think over the next few years, we see operating margins expand. we are positive for this quarter and this year and the next three-to-five years. >> arun, you talked about a lot of themes and operating silos and divisions. as an analyst, what is the one that you think drives most of the story going forward? is it going to be advertising? mo m monetization? >> i think the alternative busines

, it's walmart. >> i agree with everything he just said.i'm long more walmart than home depot. i have some lowe's, though. if we think the problem is the consumer, i feel like it's a better risk/reward in walmart. >> have we seen normalization when it comes to home improvement? >> i think we have we've seen a segment shift you talk about some of the more durable components of where home depot and lowe's saw a lot of sales, because this is america's favorite game, it would be a shame -- >> so, for no other reason -- >> exactly, because why it's america's favorite game. dan and i are going to push back i think home depot's pro business is high margin. it offers them a lot of resiliency if we continue to talk about the housing market as we do, then home depot goes higher, because there's so much demand out there, both for people who have houses that they're staying in, they want to upgrade, and those people that are actually trying to get a new house i like home depot. it's $340 off the $390 high. >> do i get to go? >> yes, you have to. >> i t

to walmart. and walmart's been able to do that because their online sales have grown so much.a company that's really good at brick and mortar, to get really good at online. they can't do it because they like brick and mortar. these guys have been more nimble than almost any other big company -- lauren: because they have the size to be nimble. and so does mcdonald's -- stuart: management too. lauren: mcdonald's' is launching the $5 value meal because customers are saying fast food has gotten so expensive and changed their behavior. >> you've got to have the temperament to do it though. the guys running walmart want to win in the new world. that's amazing to me. stuart: here's an interesting story. two brothers are accused of stealing millions of dollars to' worth of crypto -- dollars' worth of crypto in just 12 seconds. ashley, how did they do it? ashley: yeah, $25 million. gone in 12 seconds, that's according to the justice department who have indicted anton and james b with ue, no brothers trained in mathematics with advanced abilities in crypto trading. no kidding. prosecuto

do you think -- is walmart done either?lack of a better term, for profiteering in an inflationary environment? are they able, at this point, to bring any prices down to help strapped consumers? or is it exactly what it is? >> i would not say that walmart is one of the companies that has been gouging consumers by any stretch of the imagination. i think that some of the other grocery chains have had some of that reputation. i think that even perhaps some of the specialty retailers may fall into that bucket. walmarthas really led on its everyday low price model. it's that edlp vision that has been part of the company's ethos for decades, and the truth is that part of the growth and transaction volume is largely led not just because of that value equation but because consumers often do know where they can get the lowest price for milk or eggs or whatever commodities they're purchasing, and often, it is going to be a company like walmart, as well as, you know, there are other players that are in that bucket too that are trying t

walmart is higher after a strong earnings beat.res are up 7% and they're seeming to win over higher income customers. melissa rivko is here to discuss. what does it tell us about the brighter economy and the state of the consumer? >> it's an interesting time because walmart is seeing gains from households we don't typically associate with. it's seeing a silver line with inflation because it is picking up customers who may have gone to fast food restaurants. walmart is seeing four drivers that spoke with the higher income shoppers and e-commerce gains 22% in the u.s. year over year and it's gaining from people who may be cooking at home rather than going to fast food and it's also getting a boost in its business from things like advertising and a third-party marketplace which are newer businesses for the company. >> interesting. ? so talk to us a little bit more. elaborate on this potential switch from people who would eat in quick-serve restaurants and now are not doing that. are they coming in and buying prepared foods or are they

ed: walmarts results posted big jump in its online business. caroline: we will be sitting down with start up perplexity to discuss complexity and the search place. nasdaq out of new record high. global stocks still raise higher in the economic data gives us confidence but will the agency be able to cut? 10 year flat. this is a risk on day. we have seen, down on the day at $65,000 level. it's not all risk on n. end. ed: walmart is up 6%. this story is a search on growth in its online business. we will go to j wolf to talk about that. cisco is now down 2% in its outlook was seen as strong. we are going to hear from the cfo to break down the networking gear. we come to china. jd.com we are learning who the winners and losers are in the e-commerce space. ali baba is up, why? jd.com number one and ali baba number two. . caroline: investor sentiment more broadly. we will tackle these record highs with chief global strategists joining us. willie carreon to the tech outperformance? >> great to be on with you. more fundamentally we can see that from the

what does that say about the walmart consumer base?the consumer base continues to expand and that is only good news for walmart. they have traditionally had strong appeal with lower income households. the fact they are pulling in higher income households who are spending more and have more flexibility to spend on higher-margin categories is a positive. the question is going to be whether they will continue to hold onto the customers once some of those inflationary pressures that has everyone retreating into spending habits, was that subsides, can they hold onto those people? sonali: give the thing that struck me as the e-commerce. -- the other thing that struck me was the e-commerce. if you look at the way they are shipping things out in short-term increments, it is catching up with amazon. >> they had tremendous growth. much higher than consensus expected to i think this is a play out of the investments walmart has been making in their your commerce abilities the last several years. it is unlocking additional revenue and a margin mix

walmart's is cutting their prices.panies that can cut advertising and their membership program and target has to step up to the plate as well. so it's walmart and target. hey, we're cutting prices. no, we're cutting prices. they don't have these other businesses to offset some of the price discounts. what should they do in your mind? >> it's very much about discretionary. the good news is there's a bit of inflation. the consumer's starting to get interested again. they're saying not so much sticker shock. what they've been doing is their private label brands and they're continuing to roll out additional brands. but i think the real winner is they're rolling out target 360. you may a fee, you get same day free shipping. it can come to your house in under three hours. it's amazing. that's how they're going to continue to win share against walmart who's gaining the higher income consumer. >> question know commerce is growing in general. it takes more workers. i was really shocked to find out that now e-commerce delivery i

katie: this is good news for walmart. it feels like walmart can make money in any environment and right now making money from the tray down. i have to imagine it is painful for other parts of the industry. andrea: i would imagine. what they have talked about is doing a better job on fresh food , general merchandise, fashion, home furnishings. i was listening to the call thinking the latter is not going to be totally good news for target which has a lot of those upper income customers and they come in for essentials but also by the fashion. so walmart turning the incredible scale on that market is not great for target which is trying to turn around its fortunes. katie: really appreciate your time on the blockbuster earnings from walmart. to broaden out the conversation, joining us is mark spellman, ceo of alpine woods. let's talk about what we have learned about the consumer. we had the walmart earnings showing the trade down and retail sales were a big goose egg which surprised a lot of people. how are you feeling about t

despido para cientos de personas en walmart. ♪ ♪ todos alcanzamos las estrellas ♪ ♪ sunny state of mind ♪ ♪ flexin' all the time ♪ ♪ todo es dorado ♪ ♪ y nos gusta picante ♪ ♪ cause this place is caliente ♪ ♪ 'tamos enchilado ♪ ♪ feels so golden ♪ ♪ livin' in the golden state with you ♪ ♪ feels so golden ♪ ♪ vive en el estado dorado oooh ♪ ♪ we got that drip, drip, drip ♪ ♪ come take a sip, sip, sip ♪ ♪ feels so golden ♪ ♪ vive en el estado dorado ♪ >> un enfrentamiento entre un grupo de mariachisy un trabajo fuego se registro en morelia, michoacÁn. el trabajo fuegos arremetiÓ contra los mÚsicos. un mariachi tuvo que rodar porque el fuego consumÍa su ropa. >> un agresor fue trasladado al hospital para recibir atenciÓn mÉdica. en la tierra del mariachi se registra una tercera ola de altas temperaturas. >> la tercera ola de calor tiene en alerta a mÉxico. germÁn se enfrenta al intenso calor. >> muchas veces tenemos deshidrataciÓn. >> el color no cede. estÁ muy fuerte el colÓn. tengo tiempo visitando los estados. podemos tener desh

walmart, a different story there.as they have been calling it on wall street due to the high cost of everything, especially the grocery shopping at walmart has been a really good revenue drivers for them. however, grocery is a very low margin business so what walmart will be looking to do by cutting all those corporate jobs is juice their margins so i expect good earnings from walmart. i think this will be a very good quarter for them with very good guidance because that -- even though we're seeing pressure on the lower end consumer, what you're seeing is other consumers that are kind of at the higher end trading their way down and cisco and deere both have good track records of beating earnings even though there's not a lot of bullish sentiment around each one of those stocks. deere, a slowing in the agricultural world and cisco, never quite returned to the hay heyday of the 'a 90s. it's a cheap technology stock in my opinion, something worth looking at. maria: that's an he's clues an exclusive fromthe journal, tg jo

up next, a price war between walmart and target.hat experts say is pushing the stores some lower their prices. >> unfortunately, this mural is anti-semitic and there's a couple things that would point i don't think this is anti-semitic at all. >> all in the city opposing the bombing in gaza, drawing criticism and supports why critics are calling it anti critics are calling it anti semitic. network is no network for business. that's why more choose comcast business. and now, we're introducing ultimate speed for business —our fastest plans yet. we're up to 12 times faster than verizon, at&t, and t-mobile. and existing customers could even get up to triple the speeds... at no additional cost. it's ultimate speed for ultimate business. don't miss out on our fastest speed plans yet! switch to comcast business and get started for $49.99 a month. plus, ask how to get up to an $800 prepaid card. call today! san francisco's know a valley is grabbing people's attention. cause for stephanie justice shows us. it is. >> a painting of the war in

just last week, walmart executives receiving customers trade into walmart.ast week was macy's as well. customers will continue to be discerning and that's the theme across retail. lisa: we have profound uncertainty with the consumer, slowing but not slow, softening but not soft. more discerning but still spending dramatically and that's the key question -- how much is this a statement of why these companies are shifting their product mix rather than projecting weakness in their earnings? annmarie: mohamed el-erian came out with a piece talking about the risks with the fed being data-dependent and one is the concern of the data dependent fed coming at the risk of a number of companies expressing concern about weakening consumer demand. that is particularly the case for those serving a lower income household where pandemic savings have been depleted. jonathan: the little later this morning, we hear from target and after the close this afternoon, we hear from nvidia. we will also hear from fed speak as well. also we get the fomc minutes later today. the standou

maria: i agree with you walmart one to watch and nvidia, biggies in the upcoming week, walmart tomorrowwednesday 22nd adam, we've gotten a better number in order to justify this huge rally in stocks? i mean this is not, 3.4% inflation. adam: i think larry made very good point the positioning going into it there were so many shorts, i would wager put on ahead of this month in case it were a hot number, that in you shorts have to cover that may be why are we're up, so may be a short term. maria: a different story. >>. adam: maybe short-term thing i also make argument workmen yesterday, ppi was largely in line producer price index largely in pipeline revised previous month a lot 3 to 4/10 of a percent that report six weeks ago got everybody all upset the fact ppi came in, in line revised previous month down today we get a cpi that is for the most part in line one of the numbers of four a little bit better that to me maybe three months uptick in inflation dealing with, you mentioned, january, february, march, maybe that uptick is over it didn't mean inflation going down didn't mean fed goin

are eating up end stores like walmart are eating up more of the wallet share. wallet share. we keep hearing about — up more of the wallet share. we keep hearing about how— up more of the wallet share. we keep hearing about how the _ up more of the wallet share. we keep hearing about how the lower - up more of the wallet share. we keep hearing about how the lower end - hearing about how the lower end consumers are under financial pressure right now, and our last gas just ramps so macy's are trying to go for the higher end consumer? —— our last guestjust referred to that. our last guest 'ust referred to that. ~ . , our last guest 'ust referred to that. s . , ., ~ our last guest 'ust referred to that. s . , . ~' . h, that. we have been talking about the economy right _ that. we have been talking about the economy right now— that. we have been talking about the economy right now where _ that. we have been talking about the economy right now where you - that. we have been talking about the economy right now where you have i that. we have been talking about the i eco

i go to a lot of walmarts with my kids.ple don't seem to realize walmart has become kind of a chic place to go it's reverse chic admittedly, but they have a lot of inexpensive but high-quality fashion, so my daughter, my fashion daughter went there. it's like, holy cow. $9 for something that might be $870 if you don't get it right. >> we talked about it on friday. they said they normally don't up guidance on comps coming out of q1 so member be a little cautious. >> wow, that would be a great opportunity to buy they've rolled back prices i bought a dickey's jacket i saw for $100, i bought it for $25. quite incredible values. >> well done. >> it was one of their featured rollbacks like the old days where they're selling the stuff seemingly at cost. it's so excited. >> have you seen the "journal" story about tee mum holding back in the united states >> this is what's hurt some of the online companies. >> temu has spent 2 billion dollars on its advertising and alphabet last year, so the idea that they've paired back their budge

cirkul, available at walmart and drinkcirkul.com. (grandpa vo) i'm the richest guy in the world. hi baby! (woman 1 vo) i have inherited the best traditions. (woman 2 vo) i have a great boss... it's me. (man 1 vo) i have people, people i can count on. (man 2 vo) i have time to give (grandma vo) and a million stories to share. (grandpa vo) if that's not rich, i don't know what is. (vo) the key to being rich is knowing what counts. >>> welcome back to "fast money. stocks closing mixed to kick off the week the dow dropping nearly 200 points it is back under the 40,000 level. the s&p notching a small gain. nasdaq closing at a record high. shares of zoom down. guidance coming in a bit light shares of norwegian cruiseline jumping 8% during the session. the company raising its full-year profit forecast, as vacation demand and ticket prices continue to climb and more metal magic gold at another record high. copper hitting a fresh all-time high, as well. silver reaching its highest level than more than a decade. now, i think that we don't talk about dan's zebra nearly enough. with zoom dow

and walmart makes that a easy with something like walmart plus, their subscription service, and they'reot of other things right too in the terms of branching out into advertising and other high margin businesses. jack: yeah, they have so many people coming to hair web site, they can actually -- their web site, they can actually sell advertising. >> absolutely. those eyeballs are valuable. the same way as they are on amazon. jack: jack, you flew back from houston just in time to experience a terrible storm up here. what's the market connection? >> well, we're coming up on the start of the atlantic hurricane season. that's june 1st, it runs through november. noaa, the weather science group, they say it's going to be a double doozy. it's the highest probability ever for a bad storm season they're predicting, and they're also predicting the greatest number ever of named storms. we could get all the way from al a berto through william this season, and you should say a prayer for your homeowners insurance because costs are soaring, and companies are getting choosier about their coverage. in h

walmart is on watch, as it gears up to report tomorrow.rs are watching whether the company will cede its positions as biggest rell taile. walmart has announced it is cutting jobs. stock was down today, but up nearly 14%. i feel like i have to stand up -- >> salute. >> i do. >> walmart deaf finitely went f being a retailer where they had their digital game put together, huge groceries for walmart, but when this stat comes out, i'm almost shocked, it just goes to show you how little you pay attention to walmart versus amazon, i thought amazon was already ahead of them. you know, for me, i thought they already lost this crown years ago. walmart has been a great stock. it will be great going forward. i think they're following amazon's footsteps. and a lot in delivery, a lot in logistics. and they still have their core competency well done, as well. but when you look at the -- all the stocks in this -- in this area in the sector, costco probably has the best chart, chris, i'm sure, has thoughts on that. target has the worst chart. >> yeah, i th

home depot and walmart.f we get strong retail sales and then walmart will come out and say the consumer is concerned, they feel the pricing pinch, and then we get to the end of next week, and we say i'm still confused. jonathan: what do you think would be the most toxic mix of data? dani: at any point it is all toxic. we don't know where we are in the world. cpi is too high, maybe hikes need to come back into the conversation. if it is too low, stagflation, is that what it is? jonathan: narrative table tennis. that is what he said last year. that is when it still feels like from week to week, sometime day-to-day. equity futures positive by one third of 1% on the s&p 500. yields are higher by two basis points on the 10-year. in the fx market, the euro going nowhere. 1.0780. coming up, dan suzuki, oliver chen, and then neil dutta weighing in on the labor market ahead of cpi next week. we begin with the big issue, stuck seeing a boost from earnings optimism. dan suzuki saying looking past the near term volatili

walmart is their arrival. who when shelling nelson reports. >> walmart and target some of the biggest retailers and they're competing for your business. i'm glad they're going into competition even more. what that means, more deals. i think it's great. >> i think, you know. >> they just today target corporation announced that it is slashing prices on about 5,000 items from soda to milk bread, produce pet food and diapers. all get even more here. i guess our rents keep going up. and i can't afford to survive anymore. upland resident richard martin only shots and walmart because he says it's all he can afford. same goes for his mom. donna, who came here for groceries. so we're looking at the red right now. i'm looking at the orleans 100% whole wheat. and here at walmart, it's for 24. so it's about $0.35 more for the war we here at this target. but i do see a deal for dave's killer bread. >> some items at walmart or less expensive bananas, on the other hand, were cheaper of target. i was at walmart not too long a

upland resident richard martin only shops and walmart because he says it's all he can afford.is mom. donna, who came here for groceries. so we're looking at the red right now. i'm looking at the 100% whole wheat. and here at walmart, it's for 24. so it's about $0.35 more for the war we here at this target. but i do see a deal for dave's killer bread. >> some items at walmart or less expensive bananas, on the other hand, were cheaper of target. i was at walmart not too long ago and i felt like i spent more on all the things i have bought the to hear the price wars between retail giants are giving consumers an edge. so why the sudden cuts to rake in customers? what we're seeing right now is basically a response to years of high inflation. so for many consumers, especially those living paycheck to paycheck. >> this is an untenable situation and they are cutting back on their spending. and that is what's freaking out. retailers already, walmart has announced its own aggressive price cuts and to compete. >> target has now stepped up with a new multi-pronged price cut strategy. infl

walmart, home depot next week. which ones are you going to key into walmart has always been an interesting one in terms of the read on the lower end, but the higher end, which are migrating to walmart >> that's what's most interesting to me. the percentage of people whose income, i guess, you know, $100,000 is not the same as it was ten years ago. however, i think it's over 65% of walmart's customers have an income of $100,000 or more and that number is, to me, it's fascinating, and it's been growing over time. so, walmart, to me, is an interesting to tell us -- people are migrating to walmart home depot is its own animal without question and, you know, if we pull up a quick chart, it has not traded particularly well over the last year or so, so maybe that whole -- that foray into whatever you want to call it, home improvement, you know, people buckled down, going to home depot maybe that bloom is off the rose >> yeah, i mean, walmart is obviously because of its size, because it's a consumer staple, and it does spe

you so that perhaps with walmart versus target. katie: walmart versus target and some interesting case studies there as well. you point out in your notes that cash is still earning 5%. we talked through the earnings and then you think about the competitor that cash is right now and it seems like a high bar. stephanie: we are seeing and amongst our customer base. can you really blame people for saying, i am just going to not take a risk with at least some part of my portfolio. the market is still up well more than cash this year, up 12%. it is not that you should have all of your money in cash in my opinion, it obviously depends on your own personal preferences and tolerances, but it is that it is a real asset class, whereas for a long time it wasn't. i think that is something the market is still getting used to. katie: it is not just a safe haven play, but its own standalone asset class. that has been a psychology shift we have undergone in the past couple of years. in terms of where to take risks, it is interesting, not ready for

-- walmart made an announcement with walmart plus that they're going to do telehealth pet medicine. friend said what, your dog's going to be on your phone? but this matters and it could matter for your business >> what we're really seeing is lots of new business models around pet health care there's a lot of new pets as you know who are adopted and there's a great need pet owners today with a human-animal bond want to take better care of their pets and they want to be able to get that pet care where that's convenient so whether that be at walmart or e-commerce or their local vet they're looking at brand new value propositions to make sure all those gen z and millennials who want to treat their pets like family have the ability to do so. >> post the pandemic has there been any sort of let's say decline in the overall growth of having pets at home? >> no, not at all. and if you look at the pet care space and even the spend of pets it continues to grow in the last quarter the spend at the vet clinic grew 4 1/2% the reality is the human-animal bond makes pet health essential. if you ask

those which tend to shop at dollar general or walmart.is where sentiment is most weak. >> sorry, i'm getting a sense that consumers are more dis discernable or trading down? >> yes. we have dollar general today and walmart taking share. there is concern over that general demographic where the goods at dollar general are about $10 or less. we are expecting the numbers to be in line. i think another concern that investors have is that it is opening 800 stores a year. that's capital expenditure to keep up with the likes of walmart. that is something to look out for. >> we touched on dollar general. let's talk about best buy here because what we are seeing is also in the sort of era of uncertainty. some consumers are deferring big-ticket items. what does this mean for best buy? >> this is not unique. we are expecting the numbers to be in line. i think again sentiment is weak. we need to look forward and we have three drivers in the next quarter which is back to school in the u.s., you have the replacement cycle tpost-covid where four years on

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i'm buying walmart here. i like the stock. we have many growth opportunities with walmart.armour then. it's down more than 20% this year. the pharmacy overturned to the home on april versus partners. slowing web traffic in their direct to consumer business. but, they say athleisure demand remains strong. can under armour turn things around? >> i think they can invest. i would still wait for little bit, and see how the strategy plays out. they do have initiatives, and strategies there were not. you just mentioned direct to consumer growth has been a high competitor since 2016. also, topline bottom-line growth. but, for now i'm watching the stock still for now. >> watching, waiting. what are you doing with the market more broadly? looks that were going to have a couple new highs today. s&p? nasdaq? >> we do have patients looking for the markets over. we see choppiness coming to the market. i've seen today's move, and i think it's a little bit based on obviously the data we got from cpi's investors. i like what investors from our standpoint, the healthcare department. he stret

we will get numbers from walmart.t, we will get more economic data, jobless claims around the corner. equity futures on the s&p 500, just about positive and adding to gains from yesterday at all-time highs at the close on wednesday on both the s&p 500 and nasdaq. yields unchanged on the 10 year, 4.3361. >> i know the fed is talking about we have to get back to 2%, but i think there is a wiggle room there. when it comes down to it, if they say those last few tenths of a percent are worth destroying the labor market, they will hold off on that and they will be very sensitive. if they start to see the labor market crack they will be sensitive even if we are not quite at the 2% level. jonathan: u.s. jobless claims due out in two hours time. it was written, the base pay's continued productivity growth but if the fed has to cut because a weaker job data, the outcome is not as clear. we are probably looking at a soft patch to a mild recession. constance joins us now. how were you feeling yesterday? constance: i was feeling g

cirkul, available at walmart and drinkcirkul.com. >>> welcome back to "fast money. two chip makers on the tape. arm holdings jumping 5%, recouping losses from wednesday, warning on guidance. taiwan semi gaining almost 5%. revenues in april were up 60% from last year the ai business playing a big role there they are also up with the increase in the dividend you pointed this out this is a very good sign for demand i mean that jump month on month was extraordinary. >> it was great insight into the recent sales numbers and they pointed where they're upgrading their dividend to a place where you will have, you know, it's going to be something along, you know, 30 a share, they have increased this, they will have almost doubled it by 2027, which tells you a lot about demand this is a company that to me really is a platform machine, we know they're investing at the same time and we know they're working, they have a strategic partner tonot just the u.s. government but the japanese and many other governments, along with the choice sort of, kind of, we'll see. but it's a stock

if you look at what corporate's are saying, walmart this money was great. one of the biggest company's in the united states showing the higher and consumers looking for deals. inflation is biting everyone across the board. that for me was the big point. jonathan: what to we think of jamie dimon, what was your big takeaway? lisa: he is the ultimate politician even though he doesn't want to be in politics. he said he is not interested but at a certain point, the corporate executives to me are becoming the new ambassadors for the united states and away many politicians are not. i find that the most interesting in these international comments from these chief executives. annmarie: we saw that in davos with him and volodymyr zelenskyy behind the scenes. if he was a politician, what job would he apply for? francine asked about treasury secretary. i was there last week and his name was brought up again as a potential treasury secretary but then he talks about nuclear blackmail and china not being in natural enemy. i thought he was going to the diss with just the s

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. >>> and walmart is cutting hundreds of corporate jobs and moving most remote workers back to officesournal." walmart is america's largest employer with more than a million workers across the country. >>> for more, download the cbs news app on your cell phone or connected tv. i'm shanelle kaul, cbs news, new york. >>> do you have any messages for donald trump today? >> the prosecution's key witness takes the stand in donald trump's so-called hush money trial. >> is there anything he could say that could put you in jeopardy? >> michael cohen ties his old boss directly to hush money payments to stormy daniels. why he says the former president was afraid the adult film star's story would be a disaster for his 2016 campaign. >> i paid a lawyer a legal expense. it's marked down in the book. >> announcer: this is the "cbs overnight news." >>> good evening. i'm norah o'donnell, and thank you for being with us after a pivotal day in the criminal trial of donald trump. the former president coming face to face with his onetime personal attorney, michael cohen, who gave six hours of detailed tes

the walmart people want you to feel that way, especially because there's no walmart person that's ashuang. >> that's true that is true yes. i think less -- more wealthy now than any of the waltons? is that how it works >> of the billionaires that i have met, they're a dime a dozen, we know i'm going to the hamptons, oh, billionaire, billionaire the only billionaire that does not carry himself as a billionaire is jensen huang. he doesn't he's like, hey, what are you doing? he's a billionaire, and he'll say, like, that person's not nice when my kids were little, they would say, that person's not nice jensen is concerned about kindness i've never met a billionaire who cares about kindness at all. it's like, oh, kindness, that's not worth anything >> there's a look at ed, who owns about 3% of shares outstanding. that's not some astronomical share. >> talk about stuff that he does not care about and he wants to lead a normal life he doesn't want bodyguards he wants to have fun, he and his wife and kids. they've got these great kids that work there, and you're talking to them -- this is ty

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we'll see if walmart has success. tar target product mix caused an issue. >> carley: thank you.herel on mornings with maria every weekday. thank you. boxing ledgend mike tyson is recovering after suffering from an ulcer flare-up. this is just two months before he is set to fight jake paul. dr. janette nesheiwat joins me now. he felt nauseous and dizzy due to an ulcer flare-up, what do you think about that? >> this is scary. an ulcer can be dangerous and deadly, it can start to bleed. othericismoms with ulcers include pain, heartburn and sometimes nausea or vomiting. i am glad they got him help he needed. peptic ulcers must be treated, it usually caused by h pylori, or too much alcohol or spicy food or stress. >> carley: big fight in two months, ulcer mixed with fighting concern you? >> if they can get the ulcer under control, he should be okay to fight, whole preppaaration i stressful. i'm sure his doctors are helping the ulcer to heal withant asid and antibiotics and probably did a scope. two months is time to heal and i thinklet fight will go on. >> carley: new study from swed