walmart u.s. ceo said various head winds and tail winds in the marketplace make consumer shopping intentions hard to forecast but there is always a chance for a christmas miracle. for "nightly business report", i'm courtney regan. >> are you going to do online shop sng. >> mostly online shopping and i'm not one that goes out on thanksgiving. >> me, either. >> you'll be tired, you're making dinner this year. >> 16 people, lots of pumpkin pie. >> thanks for watching, great being with you. >> always enjoy being here. i'm bill griffeth. have a great weekend. see you monday. >>> "nightly business report" has been brought to you by. >> thestreet.com, up to the minute stock market news and in deptd analysis. our quant rating service prov e provides objective independent ratings on over 4 300 stocks. learn more at the street.com/nbr. gwen: a presidential mea culpa on health care. lit stop the bleeding or cost him the credibility he needs on other issues like iran? tonight on "washington week." the preside

from one analyst surprised by the news, many thought mcmillon was on the short list along with walmart u.s. ceo bill simon. it is walmart's busiest week of the year but the planning has been in the works for months. mike duke told the board of his decision in november, when the vote was cast for mcmillon which is how it happened with duke when his predecessor scott announced he would step down. duke will be ceo through the holiday quarter and will transition mcmillon over the next couple critical months as lee scott did for him. the company lines up with the company's fiscal year. they will close out the all-important holiday quarter and mcmillon will take over. duke will remain as chairman, stay on and advise mr. mcmillon and the like. >> thank you very much. let's get reaction to the news. cnbc market analyst stacy and chris, retail hardlines analyst at jpmorgan. what's your immediate reaction to this walmart news? >> not totally unexpected. and if you think about doug's background here he's been with the company 20 plus years. he's a lifer at walmart and also has the experience. he's be

walmart u.s. president bill simon defending his workers and their treatment but now critics blast the company for doubling down on cluelessness, letting workers help other workers, saying they would not be in that position to donate food and the like if the workers were paid more. julie you are not impressed? >> i am not. average walmart worker, make below federal poverty rate for a family of 4. if you pay them a fair wage they could feed their family, and not have hand out from coworkers. >> the companies with similar situation, they get a pass, they are unionized? >> no, not a union issue but a matter -- >> why is walmart targeted. >> it is biggest company in the world, something that emblemat emblematic. pro mosteed -- promoted. >> not over a million employees henry ford had a good theory, paying his workers. increase his bottom line, and also lift them up that is a real trickle down economics, they are able to buy your product and contribute to the economy in a better way, that is how you shou

walmart's u.s. stores are suffering with declining sales.sting a flat holiday season. doug should also be pretty concerned that at some point people are not going to be super psyched about christmas shopping in a place that hardly embraces the holiday spirit. the national labor relations board recent finding that walmart fired and harassed workers trying to stand up for themselves, it doesn't exactly make me or anyone else for that matter want to denyick the hall with walmart holly. so, yeah, i do have high hopes for doug. not because i think he's going to have an ebenezer scrooge like christmas morning pro worker conversion. but because i think we can convince him that treating workers well is good business. just to be sure he gets my message, though, i will be supporting walmart workers this week at a d.c. area black friday protest. we will have coverage from that event next week here on "the cycle. "and i hope you will consider welcoming doug, supporting walmart workers and supporting working people everywhere by doing the same. all right

. >> reporter: walmart u.s. cites a litany.hey have 1.3 million employees with more than half full time. the average pay is $12.83 an hour. more than $5 above minimum wage and more than the average rate for all hourly salespeople in america. >> our management team, our assistant managers start around $55,000 a year. our store managers start around $100,000 a area. >>> the math clearly works for more than 300,000 walmart employees. who have been with the company for more than ten sear. but not for tiffany and others on the lower edge of the walmart pay scale. >> why don't you go work for someone else? >> i've been working for other joks. it is hard to come by. >> reporter: and that seem to be one of the chief complaints from some of these people who are upset with walmart. then even in walmart is understanding, what they're saying is walmart is simply so powerful in the marketplace that whatever it does creates a de facto base level of employment for a whole community and it affects other businesses too. walmart says we're a pri

. >> reporter: walmart u.s. cites a litany of numbers to counter the accusations of unfair wages.ny has 1.3 million employees with more than half full time. the average pay is $12.83 an hour, more than $5 above minimum wage and more than the average rate for all hourly retail sales people in america. >> our management team, our assistant managers start around 55,000 a year. our store managers average about $170,000 a year. so it's a good opportunity. >> reporter: the math clearly works for more than 300,000 walmart employees. who have been with the company for more than ten years. but not for tiffany barroyd and others on the lower end of the walmart pay scale. >> why don't you just go work for someone else? >> i've been looking for other jobs. they're just had to come by. >> reporter: and that, erin, seems to be one of the chief complaints from some of the people who are upset with walmart. they're saying even if walmart is understanding, offer people a chance to work their schedules and move up that sort of thing, they're saying walmart is simply so powerful in the marketplace t

walmart u.s. ceo bill simon says unemployment and job stability topped the list of consumer concerns. noting that while gas prices have fallen, it still remains a big piece of budget for shoppers. there's also the expectation of higher health care costs coming down the pipeline with that first payment due before year end and the snap food stamp benefits kicked in november 1st. the u.s. department of agriculture says that hits nearly 48 million americans. tiler? >> and many of these people would be the very folks who are shopping at some of those lower-end dollar trees and walmart and so fort. courtney, thank you very much. >>> so who are the retail winners so far this year? for that we turn to dominic chu. dom? >> how about some names that courtney and you are so familiar with. they're worth mentioning, but the stock returns are interesting because our retail winners welcome to our storefront display starts off with the luxury side of things. take a look at this. tiffany & company, up 42%. that je

walmart u.s.l simon saying unemployment, job stability, those are top of consumer concerns for the retailer. saying that while gas prices have fallen, it's still a big piece of the budget for shoppers at walmart. simon did say walmart is encouraged by the momentum coming out of the third quarter and that comps and traffic improved through the quarter. walmart shares have reversed their early losses. mid market macy's was strong. lower end walmart was week. where will the high end fall? we got a clue today with nordstrom. they report after the bell. street looking for earnings of 67 cents a share on $2.87 billion in revenue. same store sales are expected to fall slightly. bill and maria, back to you. >> thank you very much. should investors be loading up on retail stock like a snonordsm or walmart? >> sam stovall still sees opportunities. he says you need to be far more selective in the sector. first off, give us the headline. you and i were just talking about this a moment ago. going into year end

. >> reporter: walmart u.s. cites a litany of numbers to counter the accusations of unfair wages.he company has 1.3 million employees with more than half full time. the average pay is $12.83 an hour, more than $5 above minimum wage and more than the average rate for all hourly retail sales people in america. >> our management team, our assistant managers start around 55,000 a year. our store managers average about $170,000 a year. so it's a good opportunity. >> reporter: the math clearly works for more than 300,000 walmart employees. who have been with the company for more than ten years. but not for tiffany barroyd and others on the lower end of the walmart pay scale. >> why don't you just go work for someone else? >> i've been looking for other jobs. they're just had to come by. >> reporter: and that, erin, seems to be one of the chief complaints from some of the people who are upset with walmart. they're saying even if walmart is understanding, offer people a chance to work their schedules and move up that sort of thing, they're saying walmart is simply so powerful in the marke

that doug was certainly an heir apparent, another potential heir apparent in bill simon who runs walmart u.sge. as carl said it matches timing when lee scott ceded the reins to mike. >> i wonder if you look at walmart, some struggles lately, whether it's company specific relative to their rivals, i think target outperformed them 2-1 over the last five years in term of share price or headlines how they're paying workers or providing benefits. should they have pursued more of a shakeup or is this what they represent, a younger face, a guy from international? >> i don't think they should have pursued a larger shakeup. i think this is vintage walmart and a rational way going about their business. and regarding the other issues, those are out there in the public domain. walmart's been quite good in terms of responding to a lot of the issues out there over a long term. i think it's really pretty good news for walmart continuation of leadership. >> does it mean renewed focus on u.s. as opposed toint nationa r international? >> walmart has focused increasingly on the small store development in the u

walmart kboiz about 1% of the working u.s. labor force, 1.5 million people.o target, it employs only about 300,000 employees. that's why protesters are trying to target a number of large markets. take a look at this map. you'll see that almost every single major city is going to have a large scale protest. large scale meaning 100 people plus. los angeles, seattle, chicago, miami, d.c., minneapolis. protesters telling us that these are the places outside of walmart where they will be talking about wages. >> we'll check back with you. reporting live from los angeles this morning. >>> checking other top stories this morning at 37 minutes past the hour. a woman sentenced to 20 years in prison for firing off a warning shot has now been released on bond while she awaits a new trial. she was released wednesday night and monitored electronically while she's on home detention. she shined a light on florida's controversial stand your ground laws. she says she fired a warning shot and she was later convicted of attempts murder. >>> a u.s. drone strike in pakistan has ki

it was reported some walmart sold out of the ar-15 rifle in the days following the newtown massacre. the very type of firearm involve ared in the shooting. i ask the u.s. walmart's ceo if he has second thoughts about el issing these types of firearms in the same stores that would ban a cd for controversial lyrics? >> we are very responsible in our sales are firearms. something we're focused on. the debate in the country, whether it's legal or illegal is something we don't participate in dine to day basis. that's something congress deals with. if they're sold in the u.s., we want them sold through formal channels rather than through gun shows. >> no matter how a gun is purchased or obtained, the gun debate has changed since last december. here's what chief correspondent christiane amanpour told me a year ago. >> this was a red line by anybody's account. these were babies. this was a biblical slaughter of the innocents. >> but talk of reform, big talk of reform, was sidelined for more pressing problems in washington. i sat down with christiane correspondent candy crowley and asked why. >> it's tragic. the president made a lot of very good speeches and m

. >> finally, a walmart store in the u.s. coming under fire for a food drive. >> that is right. s is a walmart near cantin northeastern ohio. food drives are usually seen as something being very positive, helping people out. this is a food drive at walmart to help walmart employees actually. you can see a photo or do you can read about it. the photo says please donate food items here so associates in need can enjoy thanksgiving dinner. the spokesman for walmart says this is a good thing, part of the company's policy to help their employees. but there are different takes, once as it is proof of how hard it is to survive on the low wage that walmart employees are paid. they say this is a sign, this is when you know your wages are too low. >> thank you for that. that was the international press review. >> france will have to rewrite history of they are to avoid missing out on next summer's world cup. 0 against ukraine ahead of tonight's playoff and paris. the deficit that no team has ever overturned in the european world cup layoff. still harbors hopes of turning things around. got

walmart has 1.4 million employees in the u.s.lers. >> we're proud of the pay that we have also. we pay in the top half of the retail industry and we understand that there will be people out asking for more. we understand that frustration after five years of a difficult economy and we're going to do all we can to look for opportunities for them to advance. >> as you a take a look at shares of walmart and how they've done over the last year, keep this in mind. we saw these protests last year, we'll see them at a number of stores this year. when i talked with the people in line here, i said what do you want them to do aside from raise the minimum wage? everyone said we just want the workers to be treated better. i said what does that mean? they said just better. i'm not sure everyone exactly know what is they're protesting for but they're making quite a scene here on black friday in front of the store on the north side of chicago. >> dana, could walmart pay its workers more? what would happen to walmart? >> you could always pay your

bill simon is the president and ceo of walmart u.s., good morning. >> good morning, willie. how are you doing today? >> i'm good. i assume you got overnight numbers. was it a good thanksgiving for walmart? >> we had a terrific night last night. i was in stores in a couple of different states yesterday and saw customers and associates all happy and shopping. it was really great to see and as we toured the market and saw what was happening with competitors, it was a very, very busy shopping day. >> walmart's sales have been sluggish over the last three quarters. you yourself tried to tamp down expectations for holiday numbers. what do you think is driving that? why are you expecting a slow holiday? >> it's very competitive. the market dynamics are interesting too. there's macroeconomic factors, changes in the tax laws earlier in the year as well as some more recent issues with some of the government payments in the snack area on the food business. so customers are challenged and that's why we were out in a big and exciting way on black friday to try to help them make ends meet

u.s. employer, walmart, hired more than 20,000 vets this past year, part of a pledge to hire 100,000 over the next five years. this week starbucks made its own pledge. it says it will hire 10,000 veterans or military spouses over the next five years. i sat down with starbucks ceo howard schultz and former u.s. defense secretary robert gates who sits on the starbucks board, and i asked them why are they doing this now? >> this is a time in america where we have an obligation and a responsibility to do the right thing. but in addition to that, these are young people who have significant value to add to the workplace and to companies. great values, leadership skills and an opportunity i think to really make a difference. >> secretary gates, you have said our veterans with one of the mostunder utilized talent pools in this country. you sit on the starbucks board. i'm interested to know what advice did you give when the company was forming this initiative, especially when it comes to taking all the talents from the armed services into the private sector. it's sometimes hard to translate on a r

. >> reporter: this is one of 158 walmart distribution centers in the u.s. this covers 1. 2 million square feet. there is conveyer moving 18,000 cases per hour. while much of the process is automated there is a critical human element. >> if you don't cash, it will do the human light form. >> reporter: on this trip our driver arrives to pick up a trailer filled with products going to a store two hours away. gene is one of the 7200 truck drivers logging more than 100,000 miles a year. at the store the associates are ready knowing the moment the truck will arrive and greet it and unload the black friday merchandise. for "nightly business report", i'm courtney regan. >>> hewlett packard was the best performing stock today and that's where we begin today's market focus. it rose after the dow component posted a profit reversing last year's loss as we reported last night but today the ceo meg whitman made it clear she's looking for revenues to stabilize in the new year but not grow. >> well, it is a pivotal year for hp and what we said at our security analyst meeti

now many thought that mcmillon was on the short list of successors along with walmart ceo of u.s. bill simon. a lot of things to like here. he has experience in international, in on-line. he's worked for both sam's and for walmart. he's got experience in merchandi merchandising. he is the youngest ceo since sam walton himself. he's trained in the mr. sam way. he was there when sam walton was ceo. >> thank you very much for setting it up for us, courtney. with mike duke out, and douglas mcmillon in what does this mean for the company? joining us is former retail e c exec, jan and the e-commerce at forester research. ladies first here on "street signs." you agree this is no shock but also the best timing with regards to the business? >> well, the thing is, is that from a timing standpoint it gives doug mcmillon some opportunity to get up to speed with really taking the helm as they go into the busy peak season and deflects any potential criticism if walmart happens to have a soft q4 that oh, that the ceo stepped down mike duke stepped down as a result of that softness. that's really

walmart. >> plus, why a plan to move the u.s. embassy at the vatican is coming under fire. >> police used pepper spray to control a black friday crowd at a west texas walmart. a crowd started running towards a display as the sale kicked off. police started using pepper spray. shoppers are coughing, wiping their eyes. meanwhile there were protests across the country as walmart workers demanded better wages and conditions. we have this report. >> 1500 protests against walmart were registered in cities across the group. the protestors used black friday as a platform, a way to tell shoppers that it doesn't pay its workers enough. in chicago, in the 11 months he's worked at this store, he has only made about 16,000. >> this is what we ask for. we want respect, and we want it now. only a handful of the protestors here work at walmart. the rest members of various unions or church groups. walmart says they are here to stir the pot. >> if they were supporting the message they wouldn't pay $50 gift cards to come out and join the protests. i

which still leaves many walmart workers needing to rely on collective government benefits to survive on their salaries. a report released in may from the u.s. health education and work force committee looked at how much wisconsin taxpayers spent on employees who needed to use public benefit programs. they found in that one state the cost to subsidize walmart employees at a single store was up to $1.7 million each year. closing that wage gap would still allow walmart to uphold their pledge of every day low prices even if walmart passed on part of the cost to consumers. shoppers would only expect to pay 7 to 15 cents more per trip in order for the firms to recuperate the cost of the wage increase according to a study from demos. walmart's response to decades of demands has been to pretty much ignore them. the official company line has been to brush them off, join bid a small minority of employees. except if you've seen some of walmart's advertising over the last year, you might have noticed a different message. the company may not be acting on the workers' demands but they have clearly been paying attention. and more importantly they realize

walmart opening 4700 stores in the u.s. at 6:00 p.m. on thanksgiving. that's two hours earlier than last year, but toys r us opening the earliest at 5:00 p.m., three hours earlier than in 2012. best buy joins walmart with the 6:00 p.m. start. target, kohl's, macy's, jc penney among those opening thursday and staying open until late black friday night. walmart will feature on-line deals and stagger deals throughout the night into friday and offer 2 1 items at the one hour guarantee. certainly not everyone loves the idea of thanksgiving shopping hours but many do. turkey day hours have moved from an experiment to an annual tradition because shoppers show up. thanksgiving day shoppers do tend to be younger. the national retail federation says the average age of shoppers increases as the weekend progresses. so retailers will target different age groups with those progressive door busters to shows most likely to shop at the various times throughout the weekend. most think thanksgiving hours shift the timing of the sales rather than add to the total but compet

anyway, groups, meanwhile, of walmart workers and supporters are planning protests at 1500 u.s. stores today. they're hoping to draw attention to what they believe are too low wages. protesters believe the $17 billion walmart made in profit last year should allow the retailer to boost pay to what they call livable levels. very few of the protests are walmart workers, but claim that's because of the fear of workers that fear retaliation for criticizing the company. >>> we're going to be talking about what's been going on over this thanksgiving shopping season. meanwhile, european equities and u.s. futures, we'll just recap that for you indicating we're going to get a positive start of record closing highs for the dow and the s&p on wednesday. and the fass dak which, of course, is up at 13-year highs at the moment. so we're waited higher on the futures. european equities today have tried to call higher. the ftse yesterday in the u.s. absence was just up five points. currently up 14 points. very flat for the xetra dax and the cac 40. the ftse mib down 0.2%. on the bond markets, ten-

if you see walmart hooking up with the u.s. amazon doing, watch out. amazon will have to deal with big pressure from big-time companies like walmart, really coming after them big-time. charles: i think to your point the stock market is saying the same thing. this has been revenge of brick and mortar. best buy was supposed to be out of business. that was up huge from the loy. gamestop supposed to be out of business. up huge from the low. liz: absolutely i agree. charles: new this hour on obamacare, we've got a democratic senator leading a bipartisan attack on the president's signature health law. fox news has obtained a letter from senator kay hagen, democrat from north carolina. she wants an independent review into what went wrong with the website. what do you think about this one? liz: you know whether it ets anywhere remains to be seen. again, i know i said this in the last hour, the real issue is, do people really go to buy insurance on government-run websites? we have never seen this experiment in the history of the country.

walmart's biggest competition? and what do they have to do to get ahead of it? >> well, certainly in the u.s., target, potentially these dollar stores coming from underneath, but then target and amazon in the u.s. would be by far the two biggest competitors. we have the interesting situation that in many of the foreign countries, there are different competitors in foreign locations, so there is not one clear big one. so in competition, they're looking at the brick and mortar sales, going in that direction, looking at target, the amazon chains, saying that they will have to be put off as they continue to grow their on-line presence. >> very quickly, he may be walmart's old guard, but he is a young guy, he could be there 15 years. >> no question, a very young guy coming into a senior role. as i said, they have been grooming him for a while. i think the hope would be it is a long-term solution. walmart has looked for long-term as opposed to short-term solutions at the top. so i would assume they are looking at this in this case. >> thank you. >>> turning to wall street, now the nasdaq's turn to

walmart has about 4,000 in the u.s. i am sure it is up and growing. down 01%.r of the new york stock exchange. reemerging. new ticker symbol. and right now 2555. that is certainly one the watch. tracy: i love the container store. one of the funniest moments of the day, you explaining that it is not like shipping containers that you can actually put shirts in these kinds of containers. i love it. thanks. dennis: all eyes on november 7th among the day that the social media giant twitter is expected to roll out its ipo. concerns over the money making abilities leaving some investors skeptical, but do not overlook the lesser-known revenue streams, dated sales. for more let's bring in network in size ceo bran neely. thank you for being with us. tell us about this second revenue stream is all we think about is advertising when we look at twitter. >> it is hugely powerful if you think of what they have been able to do. they're release their dated to thousands of hundreds of companies. so there is now a lawyer were lots of developers are developing on top of their affi

walmart up to? >> a fascinating story, isn't it. you think the retailing environment should be getting better if there is growth coming in the u.s. onomy. but the government shutdown hasn't helped the story and some of the retailers are feeling some pain at the moment. so walmart has dragged forward a whole month it internet offering, it has some big deals on the website. there will be seven special deals. including a tv and tablet. so have a look at their website as they pull forward these sales ahead of thanksgiving. >> more deals the better, right? enjoy your monday in london. thank you so much. >>> well, did you enjoy your extra hour this weekend? we want to know what did you do productive or unproductive with your extra hour. tweet us your answers using #way too early. we'll give you the best answers later in the show. i didn't even use mine until last night. i went all day yesterday an hour different than anybody else, but i got the an extra hour's sleep. still ahead, the texans took a three score lead in the first half last night, but then a scary moment clahanged the whol game. and snl isn't shy when it comes to criticism.

walmart representative said they accurate. and i think that considering, you know amount of revenue that consumers, in u.s. u.s. ng for wal-mart, that you know it would not be unreasonable to have walmart say real honor this, we'll take liabilitiy and responsibility of this. neil: all right, thank you very much. >> walmart makes money because they don't do that, that is why they stay in business. neil: next we have the pope and 10 riches people on the planet. i just made it up. you on twitter right now? maybe you might want to hold off and wait, i don't know, 6 months or a year? this is the quicksver cash back card from capital on it's not the "fumblg around with rotating categories" card. it's not the etting blindsided by limits" card. it's the no-game-playing, no-earning-limit-having, deep-bomb-throwing, give-me-the-ball-and-i'll-take- it-to-the-house, casback card. this is the quicksilver cashd from capital one. unlimited 1.5% cash back on every purchase, everywhere, evy single day. so let me ask you... at's in your wallet? once wrote somhing on a sheet of paper and placed it in his factory for all to see. ♪

walmart representative said they accurate. and i think that considering, you kno amount of revenue that consumers, in u.s. u.s. rating for wal-mart, that you know it would not b unreasonable to have walmart say real honor this, we'll take liabitiy and rponsibility of this. neil: all right, thank you very much. >> walmart makes money because they don't do that, that is why they stay in business. neil: nt we have t pope and 10 riches people on the planet. i just made it up. you on twitter right now? maybe you might want to hold off and wait, i don't know, 6 months or a year? customer erin swenson ordered shoes from us online but they didn't fit. customer's not happy, i'm not ppy. sales go down, i'm not happy. merch comes back, i'm not happy. use ups. they make returns easy. unhappy customer becomes happy customer. then, repeat customer. easy returns, i'm happy. repeat ctomers, i'm happy. sales go up, i'm happy. i ordered another pair. i'm happy. (both) i'm happy. i'm happy. happy. happy. happy. happy. happy happy. i love logistics. >> fet you should have latitude ttter today some followers are saying you may be s

walmart has more than 1.4 million employees in the u.s. and when the ceo of the u.s. t was asked this morning about these protests, here's what he had to say about them paying the minimum wage. >> we're proceed of the pay that we have. we pay in the top half of the retail industry. we understand there will be people out looking for more. we stand that frustration after five years of a difficult economy and we're going to do all we can to look for opportunities for them to advance. >> as you take a look at the chart of walmart stock over the last year, the question has come up how much will these protests actually keep people from going into, say, this walmart neighborhood market or another store we were in today. the people at the other store, they were not fazed by protesters, they were going in. but for now, david, that's the story here on the north side of chicago. back to you. >> thanks very much, phil lebeau. a complicated to deal with there in terms of those wages. coming up on our black friday edition of "squawk on the street," bitcoin goes black friday. stick a

walmart hires about 1% of all of the u.s. labor force. about 1.5 million people. they say it is appropriate to do this, to talk about it today. they also staged some peaceful civil disobedience, a small number of them, about ten of them were arrested trying to make that point. michael? >> amazing. >> the biggest employer there, and there you have it. protests outside the walmart stores in some cases. kyung lah is reporting from a walmart in los angeles. zain asher is at macy's in new york. so zain, macy's broke its old tradition and was open yesterday. so a, were the sales good yesterday, and b, did it put a damper on the mad dash today? >> hi, hala. you're always going to see the thickest crowds right when the stores open. the items with the best deals are usually in limited supply. of course, it's a competition. yesterday, when macy's opened, 8:00 thanksgiving evening, you did see 15,000 people gathered outside. they were rushing into the stores. a lot of mayhem. right now, it is a little bit calmer. i've been talking to shoppers and asking them, shoppers who ha

u.s. stocks modestly higher as the deal between world powers and iran's eased tensions. walmartp after the company announced mike duke is stepping down and trading is expected to be light all this week with markets closed thursday for thanksgiving and closing early on friday. taking a live look at the big board, the dow is up 37. the nasdaq up 6. it was above 4,000 at one point. right now it's 3998. the s&p back above 1800. up 1. >>> happening right now -- president obama is due to leave seattle on air force one just about ten minutes from right now. live pictures. air force one on the ground waiting to take off. the president will be heading to san francisco. it will be the next step on his west coast tour. here's video from this morning. people gathered outside of the betty ong chinese recreation center in san francisco waiting for the president. it will be his first stop. the president's coming here for two fund-raisers and a policy speech about immigration reform. alex savidge is live in san francisco. you have a complete rundown of the president's schedule today. alex? >> r

u.s. economy from the context of businesses like dow and walmart, others like us. i think now supply chains, we have over 75,000 suppliers, you can imagine -- not as big as walmart but big number. when you think of the eco system, most of us are at version 6.0. the u.s. economy, 100 years of growth. really spurts of growth and sometimes backwards but mostly forward, our infrastructure is 3.0. and we've got to do something about that. other economies like you said, larry, are putting in version 6.0 infrastructure but they haven't quite got the private sector division 6.0 yet. they'll enter but won't enter where we enter, obviously far advanced because they've licensed in technology and learned from mistakes we've made and build eco systems like nation states competing, so they get -- other countries are going to catch up on the private sector side of it, especially if the infrastructure is advantaged. we've got to practice infrastructure. there's many of us involved in ideas here and larry just mentioned one. this capital point he makes and he's obviously understand

u.s. and some workers from retail giant walmart are set to take advantage and john reports from ohio. >> asacks up the biggest sales of the year on black friday linda is punching out and protesting. her complaints and those of the protesting workers who call themselves our walmart are simple. >> pay retaliation and getting workers that are fired for standing up for themselves back to work. >> reporter: she wears this shirt at 2:00 a.m. lunch hour and joined in a strike last year that got some of her employees operating without union protection fired. they are asking $25,000 a year, just under what she earns after eight years working over nights. >> they are if a position that they can assist and help the workers have a better life and i believe that they are not concerned with that. they are more concerned with how much the company can make within a year. >> so they can pay the workers more, they just don't. >> right. >> reporter: walmart, the word's largest private employee employer had sales of $443 billion last year and ceo earned over $20 million. the company's annual meeting in june ra

walmart, on the other hand, seen declining sales within their u.s.res and they're seeing a lot of bad press in the business journalism from bloomberg and other places pointing out they can't stock the shelves. the stock is a mess. the customer vs to wait in long lines and what their strategy is to underpay workers, to not have enough workers is really hurting the bottom line at this point and not good business. >> right. you know, we have an sot from walmart ceo to play in fair -- give them fair hearing. i disagree with his points but we'll play it and talk about it on the other side. >> we have the largest -- one of the largest percentages of full-time work in retail and we pay not top third of industry. you can enter our company any age from 16 to 66 and we have a lot of opportunity for people to work their way and progress as you move forward. >> now, he really didn't answer the question that was asked. >> right. >> of him. i mean, good pr work. no question. but that's not what we're talking about. >> i think that the word that stands out for me a

u.s. market? >> we're not competing with the likes of walmart. put it that way. i was there last week and looking at the prices. it's 43 dollar cents a pound. they are loss leaders. they are selling them to get people into the store to do the rest of their shop. you can get 20 of theirs for one west virginia of ours. when i talk to the industry out there, they'll say, paul, turkeys are a buck a pound, get over it. but they will not sell forever any more. but if he look at the sales of fine whines and the best champagnes, they're going through the roof at thanksgiving. there has to be a misdemeanor. it will be a niche market, but people are very prepared to pay for something special on holidays. >> paul, we know you have many talents. i should let people know you are the world record holder in the fastest plucking of three turkeys, the world record holder in the fastest carving from a turkey, but apart from that, you can imitate the gobbling sound. can you do that for us here right now? let's see if they respond. there you go. >> they love me. it's really sad. >>

but friday morning, walmart came out saying that 22 million shoppers had entered its u.s.tores on thanksgiving day, and that, in fact, there were fewer incidents of poor behavior than in previous years. alison, george? >> good to know. >> thank you so much. >>> now we go on to scotland. the flags there flying at half-staff this weekend as the victims of a helicopter crash are being discovered. >> the police helicopter slammed through a pub's roof last night, killing at least one person, injuring dozens. cnn's richard quest is at the crash scene. hi, richard. >> reporter: alison, george, good morning to you. yes, we know, and it's been officially confirmed, one person has died, but the authorities are saying be prepared for more deaths to be announced, because there are more bodies in the wreckage of the building with the helicopter, as you can see behind me. and over the last few hours, people have been coming here to the scene to lay flowers. little tributes of flowers, just a few over there at the moment. and paying their respects, as scotland deals with what the first m

u.s. >>> and, anne-marie, if the deal looks too good to be true, it's probably a computer glitch. certain products on walmartesterday were priced ridiculously low or high. treadmills for $33. computer monitors for 9 bucks. walmart claims a technical error. they said these orders are getting canceled. i'm sure people thought they were getting the deal of a millennium. >> i'm sure they did. alexis christoforous at the new york stock exchange. thank you so much. >>> it's reported that former palestinian leader yasser arafat may have been poisoned with a radioactive substance. he died in 1984 under mysterious circumstances. french doctors said he died of massive stroke but palestinian officials have accused israel of poisoning arafat. last year swiss scientists found traces of a radioactive element, plutonium 210, on some of his belongings. arafat's widow said her husband was the victim of a shocking crime. >>> and at least two people were killed when a gunfight broke out in a detroit barber shot. in all ten people were shot. witnesses say trouble began when a car pulled up and shotting were fired into the store

. >> this is 1 of 158 walmart distribution centers in the u.s. feet of square space, 17 miles of conveyor moving 18,000 cases per hour. while much of the process is automated there,'s a critical human element as well. >> if you ever play tetris, it's the same thing, only we're the human version of it. >> reporter: gene is one of walmart's truck drivers logging more than 100,000 miles a year. the associates are ready knowing the moment the truck will arrive and greet it, prepped to unload its black friday merchandise. there have been some reports of empty shelves in walmart locations. walmart has responded and said inventory is into the an issue and its in-stock levels are around 97%. >> did you say 17 miles of conveyor belts? >> 17 miles. it was something to see in person, pretty cool. >> up next, most retailers are buying into the black friday craze, some even opening their doors on thanksgiving day. kmart will be the first at 6:00 a.m. but one is saying no. find out why one furniture retailer is saying no to opening on thanksgiving day. ♪ ♪ ♪ ♪

here in the u.s., the cheapest model is about $500 and it's available for shipping monday. with walmart cutting the price by $20 to $480. >>> looks like a bit of a higher start here on wall street today. and clock aho hochoco-holics, l rolling out wave potato chips dipped in milk chocolate on store shelves starting next week. live t new york stock exchange, i'm jane king, bloomberg news. >>> a new change will benefit people who have health flexible spending accounts. the irs announced workers will now be able to carryover up to $500 that they don't manage to spend. until now, it was use it or lose it ooet each year. it allowed them to put it into an account to pay for medical, dental or vision bills. the government is trying to motivate more people to participate and this new rule is effective immediately. >>> google's mysterious barge in the san francisco bay is become ago tourist attraction. the barge is holding white storage containers washed in construction mesh. there are fences all around and it security guards on the peer. google won't admit to building the barge, but says it wil

walmart. shares of the container store closed at $36.22 more questions are being asked by federal regulators about trading and hiring practices at jp morgan chase. the u.s. department of justice along with other agencies are investigating the banks hiring in hong kong. the firm is also admits-- it's facing a probe into currency trading, possible manipulation of foreign exchange rates and it's connection to the bernie maddoff ponzi scheme. the investigations are in the early stages. jp morgan officials are cooperating with authorities. auto sales revved up in october. sales rose across the board for the biggest automakers. all reported in higher sales, but the results were a little shy of what wall street wanted. gm -- however nearly doubled wall street's expectations. sales picked up after the nearly three week government shutdown came to a close mid october. ford is recalling an electric car due to a potential power loss to the wheels. ford is recalling more than 2 thousand focus cars. the model years are 2012 to 2014. the issue is caused by software that causes brakes and steering to malfunction. despite the issue the car should continue to operate no

u.s.. to give you some perspective there are over 1,000 walmarts. it is growing. growth, the latest quarter was a little weaker. that is the one piece of the not so great news. stuart: nothing to do with shipping containers. this thing is boxes and bins and plastic balls. >> i bet you will go in and leave with something. it is hankers and things for your shoes, your jewelry, desk, a big thing or a little thing, i bought short for my son. i hit this place all the time. thanks for putting your junk in. stuart: when i go to camp is for my jewelry, all the issues that i have got. irresistible. nicole: cleats and things. stuart: 100%. i will take it. the i s and manufacturing index reading, 56.4. that is of fairly positive reading. 56.4 is a positive reading, no impact on the dow. we were up the and we are 73. i don't think these numbers make much difference. got to look individual tax stocks, a couple big names making headlines. amazon, netflix, facebook, talking about them throughout the show. they are listed right there. we keep saying this but it is true. the only