walmart is benefiting. they're having higher income consumers trade down into walmart and buying more groceries, and target is losing customers on discretionary purposes, i would go to walmart for that reason. >> would i rather, but i did, i bought more walmart this week. as much as i -- i think target's interesting here, and after a 30% underperformance year to date to walmart, you could have a fun time trading this pair. you have a lot of volatility, but we've spent time on this desk, the week before earnings when target pointed out they were doing some promotion, and they were being aggressive on pricing, you said they're playing offense, really exciting. they wouldn't be doing this and coming out and doing this if they had bad news to announce on earnings, and boom, there they did. i think there's something also to be said about slowly the macro is something you need to watch, more for target than walmart. walmart, as we know, is attracting a higher-income consumer. what we read in the university of mic

walmart is gaining share on both sides.e, it's innovation, like that former bit that you just did, designed to continue to grow share with that middle income-plus consumer. they're growing through great price investment, and assortment upgrades but the vendors are coming in behind it, because they need to drive units and walmart is the biggest player for them. so we expect continued gains on the consumable side of the business but that 30%, that's general merchandise, that's where they're competing with amazon, and what was on displaylet week was their improving assortment and speeding up the delivery, and they're starting to grow that business 20, 30%, and it is just becoming more significant. >> one of the interesting things, to build on what chris is saying, is they're able to bulk of their assortment on the general merchandise side without taking on the same amount of risk. they're relying more on sellers, the third party, they are get into more edgy, more fashion-forward, or trendy types of offerings, but they don't ow

this is what s70| gets you at walmart. that's it. 1570 _ gets you at walmart.~ ., , $70. i make over three times the federal — $70. i make over three times the federal minimum - $70. i make over three times the federal minimum wage i $70. i make over three times i the federal minimum wage and i cannot_ the federal minimum wage and i cannot afford _ the federal minimum wage and i cannot afford to _ the federal minimum wage and i cannot afford to live. _ the federal minimum wage and i cannot afford to live. in - the federal minimum wage and i cannot afford to live.— cannot afford to live. in an election — cannot afford to live. in an election year, _ cannot afford to live. in an election year, this - cannot afford to live. in an election year, this spells l election year, this spells trouble for the incumbent. prices are up around 20% since joe biden took office. if prices are up around 2096 since joe biden took office.— joe biden took office. if you are in everyday _ joe biden took office. if you are in everyday consumer i joe biden took office. if you i are in

i'm long walmart. valuation doesn't bother me, because i see it very defensive in an environment where i think we could see the market multiple pull back. >> what has five below, the dollar stores, really told us? the lower income consumer is really under duress. >> right, and a lot of that is because of high interest rates. and the higher end consumer has all these buffers, if it's low mortgage rates, lots of cash sitting in money market accounts. those as sets have ballooned in the last few years. so, you do want to continue to follow the high end consumer, and i'm hearing a lot about that on the road from investors. they're looking at this retail environment, saying, look, the sector is starting to get some valuation appeal back. you can't just buy everything in the sector. you have to go with the ones that are executing and are in the right consumer cohort. >> one of those companies that have executing on the retail front, we haven't been able to say this for too long. if we were playing would you

>> walmart is the one that comes to mind first. 200, let's just say will be a slower process a couplewalmart, you're hitting the nail on the head with several of these aspects of tech diffusion. in terms of tech diffusion, ai is easy, one of them big scale, a lot of data and a lot of opportunity to go through their data and enhance the front end of the business and drive more sales to customers and makes things easier and improve the back end you didn't talk about automation which is an element of tech diffusion and has ai sprinkled into it. they're updating a lot of their dcs to be more automatic eighted and more times digital media to me is the recapture of all of the investment we've made online for getting the dollars back and high-profit margin dollars back through advertising. >> a lot of people have been excited about the prospects for retailers to use this data and it's kind of the gold mine for advertisers especially kind of with linear tv not being that so much so walmart stands out as being able to capitalize who else >> so think about the largest platforms and think about

amazon is hot on walmart's heels and even though walmart is big, amazon's on track to surpass walmarton, which was 12% year over year, and that puts walmart in jeopardy of losing its title as the nation's largest retailer. so, in the past few days, we've heard from ceo doug mcmillon and cfo john david rainey talking about how they're trying to compete on convenience and speed along with low prices c. the company has delivered 4.4 billion items on a same-day and next-day basis. john david rainey, the cfo, spoke today about how it's one to two years away from being profitable on the e-commerce side, and he says that's getting easier as it has more online orders and denser delivery routes, scott. >> melissa repko, thank you. seema mody, tell us about gold. >> down over 3% at this hour. a combination of that hotter than expected jobs report, plus new data from china's central bank showing a pause in new purchases, falling 18 straight months of buying. rbc capital says, "in our view, this does not mean chinas buying is necessarily over but a pause at this point after a long stretch of purc

. >> major announcement from walmart. the retail giant is ditching paper shelf labels and replacing them with digital screens. this is happening at thousands of wal-mart, some here in the bay that's going allow the company to update prices on over 120,000 items within just minutes, the role as the biggest of its kind by a major retailer chip yost has details. >> at walmart in most other stores, this is how you're probably used to seeing prices on the shelves display using paper tags that have to be manually replaced by workers when the prices change. but this is what you might see at your walmart store in the near future. these are digital price displays that look kind of like paper ones with one big difference instead of walking around an entire store changing tags one by one employees can change them using a mobile app with more than 120,000 products on its shelves. walmart says the new system will be much more efficient. some shoppers like the idea. >> i think it's a good idea because we are going to save the planet. y

. >>> plus, the walmart effect. retail giant of bentonville, arkansas, booming with economic activity and we'll get a live report and nvidia's record rally and the stocks are cooling a bit today and we'll key into that and more when power lunch continues spitely right now. champion iron offers a rare solution to decarbonize the steel industry. which represents up to 10% of global emissions. the company recently doubled production capacity at its mine in eastern canada. it is now investing to produce one of the world's purest iron ore. enabling green steelmaking without the use of coal. controlling a large portfolio of high purity iron ore resources. champion is considering strategic partnerships to further develop the region. champion iron. >>> welcome back to "power lunch." shares of nvidia pulling back just a little bit after topping a $3 trillion valuation for the first time ever. nvidia's recent rally helping propel, excuse me, the s&p and nasdaq to record highs. now investors turn their attention to tomorrow's

you are seeing middle class folks tree down to things like walmart. i think at the end of the day, we have seen the situation, lots of polls, you were chatting about it earlier. harris poll saying more than half of americans feel like we are in a recession. they feel the stock market is down. why is that? we have unemployment at 50 year lows, below 4%, and it comes down to inflation. it comes down to the fact that gasoline, $3.55 is the national average, but it goes down to what the perception is. they look across the board when they go to the supermarket, going to gas. >> the fact these businesses were able to drop prices like that, what does that tell you about why they raised them? >> they were able to maintain margins they did not have for a long time. groceries and businesses in that sector of the economy run on thin profit margins. ikea, walmart, walgreens, now mcdonald's, burger king they are all cutting prices. we are getting back to a normalize rate of inflation. the biggest problem, it's the overall level of prices. the increase from pre-201

i get it walmart, stay with that trade. >> desperation this shopify deal?me horizon the trader in me wants to own target here. >> right >> and relative to the underperformance but i think the stock is very range bound, even though at 13 1/2 times, it's two turns cheap to its historical multiple, because we don't know if they're trying really hard to get people into the store by giving stuff away really, really cheap, or if they don't even -- they're concerned about just attracting more traffic, especially in the broader space. walmart. >> if we were playing would you rather, rather, i would rather go with shopify here >> i mentioned the company >> fair. >> easy on him >> he just got back from vacation he forgot how to play. give him a break >> i would go with -- >> i didn't even answer. >> you're doing well >> likely to kind of hit gap profitability in the next few quarters there >> doesn't this tell you, though, you're talking about the consumer not doing too badly and reducing the number of boats >> yeah. >> but they are reduce what they're buying, they n

almost buying walmart or staying with walmart is almost like a hedge here.0 stores globally, they're reaching so many folks. yes, this is trading at a very high pe compared to the five-year average, but i think it makes a ton of sense here. we are seeing 240 million customers served weekly, globally. as they continue to maybe think about a.i. or think about more reach, they have the audience. i like walmart here. if anything, kelly, it is an offset if we do see, for some reason, a.i.'s air come out of the balloon. >> let's get to the bail. i should have known that it would be nvidia. we talked about it a couple weeks ago before earnings. they announced d the 10-for-1. since the split, up another 8%. don't know if you caught our conversation with rich bernstein the top of the hour debating this question. do you stick with the leadership with the massive earnings growth or go with the rest of the market? you've been clean on your views on nvidia. why are you bailing here? >> i think you have to look at where everyone is listing on the boat. right now, if you l

the program one part of a bigger effort at walmart.ow, amazon is hot on its heels trying to hold on to its title as the top retailer in the nation. the training will kick off as a pilot program in dallas. wall street saw record breaking numbers today. the s&p 500 rose 62 points, reaching a new high. the nasdaq climbed 330. ai continues to drive that growth, pushing tech stocks higher. shares of the ai chip maker nvidia jumped more than 5. stocks outside of technology stifled progress for the dow, but still closed in the positive. all right, new research may make you think twice before having a cocktail the next time youly f it's your time to cash in. so don't just play. stay... at northern california's premier casino resort. book your getaway now at cachecreek.com. flex alert! flex alert! a power outage is looming. that's just alert, he's always getting worked up about something. flex alerts notify us of preventable power outages. that way we always know when to help stop one. ok flex, just drop some knowledge on me again. oh, ok i wil

walmart stock will hammer. if you do a simple chatgpt query about what he said versus what he said on the last conference call you will find that he used almost the exact same quote. basically the whole talk was a nonevent yesterday. if you saw walmart yesterday you got it wrong. there rollback in prices for thousands of goods has made merchandise incredibly appealing to the newly frugal consumer. businesses remains strong in the stores has never looked better. now that's the same reason why costco is such a a strong dock. it is amazing how they are pressuring suppliers to rollback prices. every time i look there is a new signature brand that has a lower price and is in better shape than any of the big brand names. i love the product. i always feel costco is in my corner versus the greedy suppliers that want the prices -- they won't lower their prices where they should've been. they solved the supply chain issues. other than costco who was in my corner? i mentioned tjx. they don't fit the profile of the newly f

we're talking about walmart.t's not like there's a lot of wiggle room in the margin and when you hear the challenging quarter from the biggest retailer in the world it's a big deal and it's a big deal for the macro discussion that we've had tonight and for a stock that's had the move. >> talk about costco, and i would have to assume that there are some of the same issues going on over there and they just reported a couple of weeks ago maybe or something like that? again, the stock keeps powering through and it trades wi more, pensive to the names in the space. >> rivian revs up and we'll get you the details and what it means for dan's zebra trade. plus fast food's $5 fight. mcdonald's launching its brand-new value menu, but how does it stand up against the competition. all of that and a side of fries, next. >>> missed a moment of "fast" in catch us any time on the go. follow the fast money podcast. we're back right after this. they respond to emails with phone-calls... and they don't "circle back" they're already

to walmart for $3.3 billion. then after leading walmart's e-commerce division to stellar sales now he's cooking up a new super app called ander wonder. he's here in a fox business exclusive you get to see for yourself live from mark laurie. in the meantime we've got the nasdaq in the red although earlier the nasdaq had been up about 40 points and now it is down at the moment by four and one-third percent. sorry that's marvel. let me just check on the nasdaq at the moment. we've got the nasdaq down about 105 points, under two-thirds of a percent. okay, so as nvidia drags down the big chip names with it including marvel and qualcomm, we should also mention there's major data out this week. the fun begins tuesday when we get consumer confidence and then thursday, final first quarter gdp and we also get durable goods. that be durable goods for the month of may and then friday, the big kahoona may core pce, personal consumption expenditure is the fed's favorite inflation gauge. so many areas investors need to watch so

cirkul, available at walmart and drinkcirkul.com. i'm andrea, founder of a boutique handbag brand - andi - and this is why i switched to shopify. it's the challenges that we don't expect, like a site going down or the checkout wouldn't work. what's nice about shopify is when i'm with my family, when i'm taking time off, knowing that i have a site up and running and our business is moving forward because we have a platform that we can rely on. that is gold to us. start your free trial at shopify today. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. dave's company just scored the comcast business 5-year price lock guarantee. high five! high five... -i'm on a call. it's 5 years of reliable, gig speed internet... five years of advanced security... five years of a great rate that won't change. yep, dave's feeling it. yes. but it's only for a limited time. five ye

it's up 5x over walmart from 1995 to present.stion is, is not about a good company or a bad company, there are moments when things are good, nvidia, and there are moments when they're bad, walgreens/boots. right now, dollar tree is on the ropes. i wouldn't want to own it here, but just to put it in context, its history is, it's crushed walmart, the greatest retailer of all time, with the exception of maybe amazon. >>> coming up, shares of roche popping. a top exec will join us to lay out the glp-1 pipeline. >>> and good news for boeing. the company launching its starliner rocket this month. can that help send shares into orbit? we'll debate that when "fast money" returns. >>> missed a moment of "fast?" catch us any time on the go. follow the "fast money" podcast. we're back right after this. >>> welcome back. the s&p 500 and nasdaq closing at fresh record highs. the dow climbing nearly 100 points. disney doubling down in florida after settling the ron desantis legal feud. the media giant set to invest up to $17 billion in its pro

your thoughts about walmart in the short term. >> walmart is a short term sale.ast 12 months. and has a forward pe of 27. which is really tough for me to stomach for any retailer that isn't named costco. in particular in a situation where walmart's customers are really going to be battling inflation, probably more so than most other retailers customers. the stock got to overbought. and it's pulling back from that condition. i think it probably has another 10% to go to the downside to get back into equilibrium and get into that overbought situation. >> interesting. rarely hear bears on walmart. you might be one of a kind right now. we'll watch and see if that bares out. speaking of moving to the downside, pool is down on lower guidance. they see persistently weak demand. sluggish spending. down 7% today. how much more room do they have to fall or do you think it's finally an entry point? >> no. pool is a sell. pool corp. makes, guess what, they make pools, pool hardware, pool maintenance equipment. worst performer in the s&p all day. as you pointed out, they cut 2

grab liquid labs in the walmart vitamin aisle today.ony hawk) skating for over 45 years has taken a toll on my body. i take qunol turmeric because it helps with healthy joints and inflammation support. why qunol? it has superior absorption compared to regular turmeric. qunol. the brand i trust. [ ♪ ] now the media admits that joe should call it quits. >> as we speak there is a deep wide and very aggressive panic. >> i think conversations range from whether he should be in this race tomorrow morning to what was wrong with him. >> if you believe what's at stake in this election is what we believe is at stake i would use the word tragically, tragically did not rise to the occasion last night. >> for me watching what happened last night it was terrible. and it seemed about 30 years apart and and he thought he could do this 5 more years in him he has the ability and stamina and strength to do for more years he didn't do that. he did the opposite of that he made them or panicked the people and their exciting it to be better than it was i won'

now, they're in walmart.he lower end. i love the multiple expansion story, and i think that's something -- >> i think this is a horrible call. if you think about it, a consensus is already calling for double-digit earnings growth for the next three years. it trades at 27 times. it grows sales at low single digits. margins are 24%. flattish. so, you tell me how they're going to grow margins if this is the ultimate discounter, you know what i mean? i just don't think after the gap it had after its earnings, where it is right now that's a particularly good call given the valuation. >> the margins are coming from an investment in digital. they have a dynamic where also they are dictating price to the entire world here. and i think that'spart of it. i hear -- look, the call should have been six months ago, that it was going to overperform. this has performed like a tech stock. up 33% from last october. >> looks overstretched to me. we have signs of exhaustion on the weekly and daily chaurt. on a pull-back, definit

walmart, by the way, behaves like a tech stock.hey're up 35%, they're a story of a company that's invested in technology. lulu is a story where the margins are coming down. and that's really the story, i think, if that's across december krigs near, we'll see. i think there's pressure. >> there is pressure. i mean, but -- looking at the price to earnings ratio of lulu, which i didn't think would be here, which is now 21 and change. >> are you getting -- >> i am getting tempted. so, i don't -- you know, they do report tomorrow afternoon, so, i don't really have a strong feeling about how they're going to do on earnings tomorrow. we've all heard about pressure on the consumer, but also, competitive pressures that they haven't faced before. probably not inat le athleta. but i feel like this deserves a premium multiple, right? we know they've had some stumbles, but i do -- i actually think it's interesting. >>> there's a lot more "fast money" to come. here's what's coming up next. >>> a big reversal in indian markets, as a narrow electi

cash for booking through their portal during their walmart plus week. >> walmart recently partnered a special travel deals portal for its walmart plus members. >> and coming up at 7 a.m, we'll tell you what details to look for in a travel deal before you buy with your gma. first look i'm gio benitez, abc news new york. >> we are going to have to wait a bit longer for openai's new voice assistant, the san francisco based company is delaying its launch of that new future. an amanda. the company says this is all about user safety. >> yeah, kumasi. openai says it needs to do more testing before launching gpt 40, the company demoed the tool in may with a plan of releasing the feature to paying subscribers this month. the new chatbot will be able to hold more complex conversations and respond with emotions and nonverbal cues. however, the company says they want to first make the voice assistant better at noticing and blocking certain content. it comes as many ai tools have been criticized for giving false information, spouting racist or sexist content, or displaying biases in their output

cirkul, available at walmart and drinkcirkul.com.>> welcome to "street signs." i'm arabile gumede and these are your headlines. the ecb poised to cut borrowing costs for the first time in years marking the end of the tightening cycle. vitor constancio says a cut is all by certain. >> after all of the statements from the governing council and if it did not happen, it would provoke backlash in markets and a bit arming the reputation of the ecb. >>> european equities follow wall street higher driven up by tech stocks. >>> nvidia's market cap crossing the $3 trillion mark overtaking apple as the most valuable public company as asml rallies in europe. >>> and d-day 80 years on as war once again casts a shadow over the coulntinent. >>> countdown to the cut, possibly, from the ecb. before we head to that then, where is the market looking? we see it higher out of germany more than 1% to the good. a .50% for the cac 40. the markets then are looking toward the tech counters following on from nvidia's push higher yesterday. you see more positiv

cirkul, available at walmart and drinkcirkul.com. norman, bad news... i never graduated from med school. what? -but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the go. plus, buy one unlimited line and get one free for a year. i gotta get this deal... i know... faster wifi and savings? ...i don't want to miss that. that's amazing doc. mobile savings are calling. visit xfinitymobile.com to learn more. doc? >>> welcome back. now, indian prime minister nar narendra moe know moe modi failo secure the majority. he's on course to take 240 seats. that's well down on the 303 back in 2019. now, modi will have to rely on coalition partners to form the next government. that's after partiyies formed b the par la management was better than expected. >> translator: on this blessed day, the democratic alliance is certain to form the third consecutive government. we're all very grateful to members of the public. the citizens show confidence. today's victory is a victory for

try cirkul, now available at walmart and drinkcirkul.com. norman, bad news... never graduated from med school. what? -but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the go. plus, buy one unlimited line and get one free for a year. i gotta get this deal... i know... faster wifi and savings? ...i don't want to miss that. that's amazing doc. mobile savings are calling. visit xfinitymobile.com to learn more. doc? >>> welcome back. s&p global downgraded the france rating to aa citing the budget position of the country. charlotte is joining us with more on this one. charlotte, thanks for the time. how much of this is a credibility check on president macron? >> that's exactly what it is because the market sees the bonds unfazed this morning. especially after the deficit came above 5.54% gdp last year. we saw that moody's and fitch downgraded france last year. one concern is the debt is higher than 2023. can president macron champion the economic reform and the one that would avoid the frenc

cirkul, available at walmart and drinkcirkul.com.>> a big day in monetary policy yesterday as the ecb anticipated the first rate cut since 2019, but will keep policy restrictive as long as needed to tackle inflation. it reduced the main interest rate .25 to 3.75%. that came as the central bank raised the forecast for inflation above the 2% target until late next year. robert holsmann opposed the rate cut. he is a non-voting member in september. according to reuters, other hawkish members expressed the signaling of the june cut. lagarde said yesterday's decision was supported by the data. >> our confidence in the path ahead because we have to be forward looking has been increasing over the last months. if you look at the peak of inflation at october of 2022, we were 10.2. double digit. fast forward to september of 2023, we are at 5.2. fast forward to today, we are at 2.6. at each and every step of the way, when we reassess and decided to move in a different direction, we had halved inflation. >> the bundesbank now sitting at 2.8%. the

cirkul, available at walmart and drinkcirkul.com. switch to shopify and sell smarter at every stage of your business. take full control of your brand with your own custom store. scale faster with tools that let you manage every sale from every channel. and sell more with the best converting checkout on the planet. a lot more. take your business to the next stage when you switch to shopify. signs." chinese inflation continues to diverge with consumer prices coming in at 0.3% higher on the year, while factory gate prices fell almost 1.5% for the 20th consecutive month. the european union is expected to reveal its tariff rate plan for chinese electric vehicles as soon as today as the block cracks down on low priced subsidized reports, according to the financial times, which says the rate will be hiked 25% from the eu standard 10% import on evs. you can see on your screen just a bit of a picture in terms of shares of china ev makers. the ones that are on your screen are all trading higher. i would highlight neo, 5.6%, geely down by 0.4%.

cirkul, available at walmart and drinkcirkul.com. norman, bad news...ever graduated from med school. what? -but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the go. plus, buy one unlimited line and get one free for a year. i gotta get this deal... i know... faster wifi and savings? ...i don't want to miss that. that's amazing doc. mobile savings are calling. visit xfinitymobile.com to learn more. doc? >>> it is 5:00 a.m. here at cnbc global headquarters and here is your "five@5." >>> a record week under way. wall street set to open at fresh all-time highs as investors look for a rally. >>> and a chip space with nvidia making history all of its own. becoming the most valued u.s. company in history. >>> from new york to the great lakes, record heat is sweeping across the country. more than 175 million people are facing excessive heat warnings. we will tell you what it means for one of the

you are even seeing middle- class folks trade down to walmart. lots of polls. there is a harris poll that was done by the guardian saying more than half of americans feel like we are in a recession and the stock market is down. why is that? we still have unemployment at a 50 year low. it comes down to inflation and the fact that gasoline national averages $3.55. it goes back to their perception. they look across the board at the supermarket and gas and it adds up a lot more. >> the fact that these businesses were able to drop prices like that, what does that tell you about why they raised them? >> they were able to maintain margins they didn't have for a long time. grotius and other businesses in that sector generally run on very thin profit. ikea, walmart, costco and walgreens anomic donelson burger king and chipotle, they are all cutting prices. we are getting back to a normalized rate. the biggest problem, it is the overall level of prices. the increase from pre-2019 that has people upset. the average increase overall is 19% groceries 25% and

cirkul, available at walmart and drinkcirkul.com. her uncle's unhappy.'m sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. >>> welcome back to "street signs," everyone. let's look at the equities as prime minister modi's majority looks set to be squeezed after this latest election mo moody's looks to see him win a third term in office official numbers by the indian electoral commission states the ruling alliance will look to win the majority in parliament with the moodi's majority gaining th seats. with that in mind, i

cirkul, available at walmart and drinkcirkul.com.come back to "street signs." the eu regulators opened up a new probe into apple warning its app store falls short of the regulations. the market says the bloc will take further action to ensure the tech giant is complying with the digital market act. the company has been squeezing companies quote for too long. his comments came after the cupertino giant well delay the launch of the a.i. features within the eu blaming strict regulations. a new survey from digital europe shows the continent is lagging global competitors. we are joined by cecelia. good morning. i would like to get your thoughts on the report. it is quite outspoken about the state of affairs on the european continent. ultimately, you are finding europe is struggling in seven of the eight sectors you looked at. why? >> good morning, silvia. well, the technology is connectivity and we are doing very badly in a.i. and in semiconductors. in some of the other sectors, we are present, but mostly because we have research and deve

cirkul, at walmart and drinkcirkul.com.ave's company just scored the comcast business 5-year price lock guarantee. high five! high five... -i'm on a call. it's 5 years of reliable, gig speed internet... five years of advanced security... five years of a great rate that won't change. yep, dave's feeling it. yes. but it's only for a limited time. five years? -five years. introducing the comcast business 5-year price lock guarantee. powering 5 years of savings. powering possibilities. >>> now the global ipo divergence is widening with strong appetite for everything on in the americas. a slowdown in asia pacific is happening. that's according to ey's latest global ipo trends report. george chan is the global ipo leader and joins us now to unpack this more. george, thank you for the time. let's get into the strong appetite for ipos overall. it was pretty much expected this year which has it met expectation as we reach the halfway point of 2024? >> yes, thank you for having me this morning. regarding the market landscape, i would

. >> trace: they call them those smelly walmart shoppers.hy do they keep going after the voters and not just give us their agenda? >> they are so out of touch. those walmart people, those are my people. i'm from the midwest, collar workers where i'm from. i get it. it's the policies, not the people's problem, the policies problem but the media, they want to make it not about the policies because the policies are not helping the president. the media will dance around and blame everybody else but joe biden and his horrible policies. those blue-collar people, they have economic problems. they can't pay their bills, that's what keeps them up at night. >> trace: that is exactly what keeps them up at night. dan to you, james carville melting down over hispanic males leaving the democratic party. watch. >> some of it is cosmopolitan condensation if you will. it makes people upset. we will lose hispanic people. we will [ bleep ] lose them. >> trace: cosmopolitan condensation? they are leaving for a reason. >> last i checked, insulting people for the

cirkul, available at walmart and drinkcirkul.com. welcome to "street signs." i'm arabile gumede. raspberry pi shares soaring as t trading begins. >> what we discovered was that, you know, there is -- there is a lot of smart money in the u.s. and it will find you where you are and compelling advantages to this market compared to others. >> apple announces a partnership with open a.i. showcasing artificial intelligence features as it seeks to catch up with rivals in the a.i. race. but shares are dropping 2%. moody's warning. could be downgraded to negative as emmanuel macron election gamble with the far right taking control of the country's domestic agenda. >>> uk unemployment to the highest in two and a half years as political parties reveal their offerings to voters. we will speak to the labor candidate for the cities of london and westminster shortly. european voters have largely swung to the right in european parliamentary elections with the germany and france seeing heavy losses. we caught up with the former president of the europ

cirkul, available at walmart and drinkcirkul.com.>> welcome back. here is a quick look at the market out of europe. we are tracking some gains today, but marginal. perhaps some nervous ness as we head to the french elections. that is the big story from the month and the last three months. the stoxx 600 moved up .20% despite the high hitting the hi earlier this month. there is some gains to be had. very interesting note that just yesterday as we spoke to one of our analysts that asml had been a significant portion of the stoxx 600 gains plus or minus 30%. that is what you are seeing from the united states with nvidia. if asml does not move higher in the semiconductor or a.i. trade, then you see that fall off across the european market. that very interesting to look at. overall here, the european market picture with a bit of green. the french market is down more than .50% so far. we are heading into the first round of elections happening this weekend. that is the key focal point this weekend. is there nervousness and continued sense of

cirkul, available at walmart and drinkcirkul.com. >>> it is 5:00 a.m.ere at cnbc global headquarters. i'm frank holland and here is your "five@5." >>> off their highs. stocks are struggling to find footing as the nasdaq snaps the win streak of the year. the key event today that could dictate the trading ahead. >>> the part of the intraswing for trading is nvidia wiping out of play market value ahead of the important session for what is now the u.s.'s third most valuable stock. >>> and out for days. a massive hack

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cirkul, available at walmart and drinkcirkul.com.orman, bad news... i never graduated from med school. what? -but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the go. plus, buy one unlimited line and get one free for a year. i gotta get this deal... i know... faster wifi and savings? ...i don't want to miss that. that's amazing doc. mobile savings are calling. visit xfinitymobile.com to learn more. doc? my psoriasis was all over. then psoriatic arthritis. who knew they could be connected? for me, cosentyx works on both. cosentyx helps real people find clear skin. and in psoriatic arthritis, can mean less joint pain, and help stop further joint damage. serious allergic reactions, severe skin reactions that look like eczema, and increased risk of infections some fatal have occurred. tell your doctor if you have an infection or symptoms, had a vaccine or plan to or if ibd symptoms develop or worsen. ♪see me♪ ♪ >>> welcome back. another look at the markets for y

the next day a few hours before the murder, laura and pj are at a different walmart buying a large tarpin the bench he matched up to the ones found on craig's body. >> in the day of the murder here is collin buying the shovel, when identical to the one left by the side of the road nearby where his body was found. a diabolical plan was for me never number of days. >> yes. >> laura on tape looking completely relaxed, a wife, mother and now investigators believed a killer craig's sister saw a woman who had turned toussaint against their own father. >> i don't know how that happened. what was said that could have turned the kids against him. >> this is ultimate story of betrayal. >> what you believe happened that night? >> my belief is that two younger children are brought over to craig's house. laura or paul go up to craig's room to maybe talk about the move to north carolina lure is one that gets him to come down into the basement. >> in the basement is where investigators believe members of his own family and one-time best friend were there to do the unthinkable. >> the intent was to mur

compared to amazon and walmart, they usually have the same item from multiple sellers.come, microsoft is currently one of the most overbought stocks on wall street but it's not the only one. we'll take a look at some others, next >>> and as we head to break, cnbc celebrates pride month throughout the month of june, a couple of days left. easter eric fanning, president, ceo, and former u.s. secretary of the army. >> i grew up believing that i couldn't be a public servant and an openly gay man. as i worked my way up the ladder at the department of defense, ultimately serving as the secretary of the army, i found with each new job, smmore suppot inside and outside our community. anyone contemplating coming outside, don't underestimate the support on the other side. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. >>> welcome back, everybody. time for today's th

today, walmart. does almost 700 billion in annual revenue here they are half a trillion dollars, 500 billion-dollar market cap is an all-time high with a there is a lot more upside for walmart they traded a fraction of what company like amazon trades for we talked about this all the way up we talked about walmart i own it, there is a lot more room to the upside for woman. stuart: you generally say buy stocks which are going, generally speaking. >> i like to buy ones that are going up and go what more that the game plan but stocks like this that are hitting on all cylinders i think you're great to buy. stuart: draftkings, this ran all the way up to 50 now it's back on $35 a share. the way the country looks at gambling has changed completely draftkings is a leader one of if not the leader and i think there will be a lot more ways that these guys monetize their platform every sport. in promoting gambling more people will go to their website and generate more revenue and pullback 30% i think it's a good

walmart taking things down.it provides to consumers. we look on average 40% discount on branded items. >> wow. >> to both walmart and amazon. so, we think the fundamentals overall at ollie's should remain strong the rest of the year. >> this is a sub theme, the idea that consumers are seeking out those deep discounts, not 10%, 40%. when they have to buy something like a window ac unit, more or less under duress, ollie's is the place they're heading. >> sure. yeah. at ollie's we just check the prices. it's 300 dollars for a window ac unit. so if you can save 10, 20, 30%, it's still a brand new item. it's just that ollie's is able to get a good deal because they buy overrun merchandise. so, you're getting brand name, new items, but at these very healthy discounts and at a $300 ticket at 20% off is a very attractive to consumers. >> i also wonder, and you explained why it might not be, is it delutive, they sell at the rock bottom prices sit a loss later or can the company still make money on that? >> well, this is

cirkul, available at walmart and drinkcirkul.com. ♪ >>> welcome back.k at the political developments here in the uk where the opposition labour party but wealth at the center of its manifesto launch on thursday and focusing on the change. the government will bring after 14 years of conservative rule and we saw that key word behind the labour leader and they are pledged not to raise income, vat, or the national insurance payroll tax and sticking to previous iterations from the party that focus more on a tax and spend approach to policy. instead, he told our sister channel sky news the party is, quote, going for growth to fund public services. >> if you take nothing else away from today, let it be this -- this change labour party has a plan for growth. we are purposeness and pro worker, the party of wealth creation. we will reform the planning rules, a choice ignored for 14 years and build the homes and infrastructure you need. we will level up your rights at work. a choice ignored for 14 years. and raise your wages and your security. we will create a new

cirkul, available at walmart and drinkcirkul.com. norman, bad news...ever graduated from med school. what? -but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the go. plus, buy one unlimited line and get one free for a year. i gotta get this deal... i know... faster wifi and savings? ...i don't want to miss that. that's amazing doc. mobile savings are calling. visit xfinitymobile.com to learn more. doc? ♪ >>> welcome back to "street signs. let's look at some of the corporate stories we're monitoring this morning. atos shares are having a rough year after the french i.t. company says it will restructuring a restructuring proposal by 1% putt forward by a chinese billionaire. one proposal was provided with enough liquidity to stay in the birks but the deal will result in a major dilution of existing shareholders speaking to cnbc an exclusive interview, the ceo paul soler said the company is focused on creating long-term value. >> obviously it's really a painful decision in a sense b

find force factor kids at the walmart vitamin aisle today.andra: my baby's back from the west coast. grandma ruth: here are those pictures that you asked about for your school project. first day of school. cute as a button. nichelle: so long ago. grandma ruth: oh. here's grandma florence after that flood wiped out the whole neighborhood. sandra: sometimes i just cannot believe all the storms we've gone through here. grandma ruth: i can only hope that we'll be able to leave this house to you one day, baby. you're our legacy. nichelle: planning for these disasters will make sure we're safe and is the best way to protect that legacy. pop pop: ah, those beans smell heavenly. nichelle: you know what? we should make an emergency communication plan. that way, we're ready this year. pop pop: great idea. nichelle: at my dorm we have emergency kits for earthquakes and wildfires but i'm sure there's something more local i can send you with a link. pop pop: smart. sandra: i'm coming to stay with you guys. - [narrator] life with ear ringing sounded like a

tiktoker enraged after learning walmart goods just over one single dollar. >> is the future of walmartcan't even walk into walmart and pick up a nail file worth $1.50 because it's locked up. walmart can you lock your [bleep] up but it's not the customer's fault that you don't stop people from stealing to you. >> carley: i relate to that employee had to be stationed at the case town lock it. this is a story of the morning. tennessee congressman trying to make a serious political point on the house floor but gets completely upstaged by his 6-year-old son. here is the moment going viral. watch this. regardless of opinion of the current republican nominee, we would be well-served to remember the long and cherished tradition we have in this country of settling our political differences at the ballot box. >> carley: congressman john rose reacting on x posting this is what i get for telling my son to smile at the camera for his little brother. that is so funny. how about that, guys? >> steve: so, obviously, the kid on screen thought that only his little brother could see him? >> brian: yeah,

rush to walmart and find total beets. when we have a fantastic lineup.goes from here. we will talk about china, the threat but we are in slow motion or. did i mention we booked adam and tells the truth behind governor newsom? will he be the next democratic nominee? andrea talks how it's happening with the sopranos but it would never be aired today and white she is leaving california but do not miss "one nation" tonight. ♪ welcome back to the big weekend show it is time for the big weekend flops. our picks for the biggest fails of the week, i will go first. competence in colleges has reached a new all-time low a recent poll by the foundation for individual rights and expression revealed a new report found only 28% of americans had a great deal or quite a lot of confidence in higher education. compared to 36% that respond to the same question last year was not great last year, not looking any better. cooks one of things that played a big role the protest emerson and bostrom of the procedures communication school said they believed it has affected the numbe

walmart and exxonmobil and starbucks are reporting this week.e have fritz joining us with more. >> good morning, frank. >> investors are excited about your stock. i want to talk about your customers. where are you seeing the biggest increase in demand? the 18% pop year over year. >> frank, our footprint is a wide range and reflecting the macro economy. no customer represents more than 5% of our book of business. i would say if you look at the industries across the book, retail businesses for us are up a little bit more relative to what our industrial or manufacturing customers are here. overall, our growth is reflective of what we are seeing around customer acceptance of expansion strategy that we have been on for a number of years. we opened 12 facilities since the beginning of the last year and we are seeing the impact of that in our result. >> you are opening new facilities. the headline of your company and other ltl carriers opening up more facilities. we are talking about a freight recession. you are opening up more facilities, but the mark

rush to walmart and find total beets.on: princess katherine making a welcome told temporary return to public life this weekend in the first royal appearance since her fight against cancer. she appeared with her children to support king charles and trooping of the color. this ceremony celebrates the monarch's each summer no matter when the birthday falls on the calendar. i keep forgetting he is king. scott morrison is out with a new book detailing toughest issues in office. testimony of god's faithfulness, morrison gets real about seeking help for mental health and how his faith steadied himthon and now. this is our sunday special. you talk openly and personally about your faith. some people seem almost offended. they don't get it. you talk about praying talking to god, especially someone who is a world leader they can make sense how that is your life. >> when you're a former politician should write a book they expect it to be about politics. i didn't want to do that politics was not my life. my faith is and my family. i w