. >> walmart hasn't gone up. home depot has a larger market value than walmart >> i don't know what to say. what do you want me to say >> nothing netflix has a bigger market cap than disney. it's interesting to keep track of these things. >> you didn't mention nvidia which is larger than every semiconductor in the company these are delivery mechanisms for technology and we got to stop it! >> if they're delivery mechanisms for technology, that's why apple should get involved in that business. >> ford stole apple's car guy. farley is aggressive farley told me yesterday he wants to take no prisoners take no prisoners against musk tnp. >> i don't know what the number would be after taxes for them, but it probably would help, wouldn't it -- >> if ford motor closed down all of its internal combustion engines and just did the f-150, would ford, therefore, be bigger than ford? [ laughter ] >> that's pretty meta, so to speak, jim we mentioned elon musk and some selling of stock uber, dara is going to buy some >> look at u

walmart. walmart is taking them on the chin and talked about how it is getting easier to hire people. walmart's ceo did shock analysts when he said that finding workers got less difficult as the stimulus dollars waned we heard that wasn't the case from a lot of other employers. we're talking about one of the largest employers in america he told us we saw people come back and in a matter of weeks we were back to being staffed is the labor shortage peaking? seems like it. but let's go back to our first question are we really hostage to higher prices if you truly believe you are facing inflation for hundreds of thousands of items of food stuffs, of things you need for your house, can i suggest you just join the legions of walmart shoppers because this company shocked the world by simply eating many of its costs rather than passing them on to you as so many other companies have walmart is a deflationist in an inflationist world and if you shop there, you are winning your own battle. i'm not sugges

with higher costs, it would be walmart >> absolutely melissa. i think walmart sort of is the pinnacle of logistics and supply chain management for many, many years, and i think even with all of today's complications that still remains true when you have the scale, you have the size, you have the power of walmart, you are able to do things like chartering your own ships so that you can be in better control of that cargo, when it comes in and at what costs we know that they're already doing that we know that they have a private truck fleet. when we hear about the trucker shortage, it possibly is something that walmart is able to navigate a little better than some other players so that is always something that walmart is going to have to strive to do in order to keep its brand promise that every day low cost, in order to deliver every day low price, and walmart has proven it has the ability and will continue to invest in price, which we know means it will do its best to keep those prices as low as possible for the consumers. i would make one other

only when you become a walmart plus member. join walmart plus today. ♪♪ (vo) subaru and our retailers believe in giving back. ♪♪ that's why, in difficult times, we provided one hundred and fifty million meals to feeding america. and now through the subaru share the love event, we're helping even more. by the end of this year, subaru will have donated over two hundred and twenty five million dollars to charity. this is what it means to be more than a car company. this is what it means to be subaru. rated teen. liam wrote “vr is useless until multiplayer is a thing.” well liam, what do you call this? and this? go! go! go! and this? liam is the worst. ♪ [ cheers and applause >> jimmy: thank you. welcome back today is friday, and that's usually when i catch up with some personal stuff. you know, i check my inbox, i return some emails and, of course, send out thank you notes. and i was just - [ cheers and applause i was running a bit behind today so i thought if you guys wouldn't mind, i would like to write out my weekly thank you notes right

walmart is down. the market seems to be rewarding hope not empirical strength. >> it happened with tesla, the hope, you know, it grew into that but rivian, i mean, it's 150 cars, jim, it's worth more than starbucks. >> ford motor is the winner. they're getting 15 b. rivian and ford are rivals. they're not partners so ford can get 15 billion a. battery costs between 1 and 2 billion. ford needs many battery plants to electrify its huge feet if they did that, the stock would be 50 not 19 >> we had nucor. >> i loved leon. leon, you know what was so funny the debate about dan demico's policy, i was down by the browns, too, you think left-wing guy who is in charge of nucor that was not true. >> we got to wrap. always fun we look forward to the show in just a couple of minutes big line up on "mad money" tonight. we want to remind you about the new cnbc investing club. you can sign up and find out more at cnbc.com/investingclub or you can scan the qr code. you're wchating "squawk box" on cnbc so, you want evs

at the same time, we saw things that walmart and only walmart will do. the market is telling us today that it was just not enough in terms of the pass-through. the company still has more to gain from some of the alternative value drivers of the business. we see the margins could have been a lot worse, had they not had these drivers on alternative value platforms. matt: i think of walmart as just a powerful company that can crack the whip when it comes to suppliers, and i assume logistics, as well. are they using that power, are they able to do something about the times that they get these products in? stephanie: for sure. we are here across the vendor community, walmart is still one of the largest vendors for most, accounting for 20% of company revenues. when they crack the whip, the vendor has to respond, as well as the goods coming into the u.s. certainly, there is a supply chain network that is robust. more importantly, not just cracking the whip for the sake of winning, but also to partner with their vendors and suppliers, making sure it is not just

let's look at the other conundrum, with walmart and home depot. they had earnings out earlier today, super solid. walmart is getting hit a little bit on some margin worries, but walk us through the numbers. abigail: we had this very mixed reaction between these two box retailers. walmart, as you were just mentioning, down 1.8% because of margin concerns. however, if we look at the quarter for home depot -- excuse me, walmart first, we will see a very strong quarter. they beat, they raise. their same-store sales number came in and .2% versus the estimate of 6.9%. they raised the range. this was the third consecutive earnings beat, so some strength there. u.s. comp sales now seen up 6%. they are raising. so it really seemed as though perhaps investors, traders worried about what would come next. will they continue to manage costs well? it seems as though americans are going to the store to some degree because of the low prices , but the margins a concern. home depot beat, they raised. this is the 29th out of the last 30 quarters that they have beate

i spoke to the walmart u.s. ceo, john furner, and started by asking, how expensive is thanksgiving going to be? >> we've done everything we can to try to minimize any cost pressures throughout the supply chain, including costs to goods, and we're proud of what people are going to see this holiday. at walmart you can expect for a family to be able to buy a thanksgiving meal for just under $40 and that's about $14 less on average than what customers are seeing around the country. we know price and value are important and we're fighting to keep low prices at the store every day. >> is it more money than that same family paid last year? >> we've seen a little bit of inflation in sort of the mid, single digit range around the store. it's kind of spread evenly amongst categories. basic items like a turkey, this morning we have turkeys for 87 cents a pound, so we're still in really good shape on price relative to where we were a year ago. there's a little bit of inflation that has come through but we're going to fight

, walmart canada. we are taking higher margin digital businesses and starting to scale them. >> you have web sales up 8 d versus in-store up 95. but doug did take pains to say they are emphasizing reliability and convenience over, say, rapid membership subscription growth. >> right they were investing back in the company. that's why you may not see them increase their share buybacks. another interesting thing he said was the idea of this labor crunch it was all that was talked about on the amazon call a few weeks ago, how they were spending $4 billion on getting more labor, that seasonal hiring as well as logistics, supply chain issues ironed out. you heard a different tone when you know, david asked him, are you having trouble finding labor? he said we are past the brunt of it and they were having an easier time as the stimulus checks stopped interesting dynamic. if walmart is a tech company, increasing competition between them and amazon in terms of labor is the number one and number two private empl

our exclusive with walmart's u.s. ceo how the retail giant is keeping top gifts on the shelves amid a supply crisis. >>> this is nbc "nightly news" with lester holt. >>> good evening we have learned a lot more about last night's sickening tragedy at a holiday parade in wisconsin. of the five people killed when an suv barrelled into spectators four were women from age 52 to 81 as many as six critically injured children among the 48 injured. families, marching bands and even dancing grannies just some of those gathered for an annual tradition that may never again be remembered in quite the same way tonight new video of the speeding vehicle and those in its path offers only a part of the horrific story authorities in waukesha now naming a suspect. the alleged driver in custody facing five counts of intentional homicide but there are plenty of questions about the events leading up to the rampage. tom llamas is there for us tonight >> reporter: in the town of waukesha, families usually hustle to get a good spot for the chr

shoppers who live within a 50-mile radius of walmart headquarters in arkansas can now get items dropped off by drone. the retail giant is teaming up with the drone delivery company zipline to parachute packages of goods to everyday shoppers. cbs's errol barnett got an exclusive look. >> reporter: while the supply chain backlog continues to choke ports and trucking routes, many companies are now looking to the skies for solutions. >> it's unbelievably exciting. we've been working toward this day for many, many years. ple's chief o iam o'connor is officer. >> we have done over 220,000 commercial deliveries in overseas markets. for us the promise of ultra fast delivery is really to give access to all kinds of communities, to all kinds of products. >> reporter: once a customer places an order via the zipline walmart app, items are packaged inside this specially designed box with a parachute. >> the first step we're doing is scanning the package. >> reporter: so by now someone's ordered something. it's been packaged up. and no it's in your hands. >> that's correct. >> reporter: flight operat

big grocer, but not like walmart. now, walmart has literally kept the margins down and they're doing that because they somehow believe that people remember during a period when things come down in general, they'll still shop at walmart. i don't know if the american consumer is going to reward them target kind of confused. they don't know where prices are going so they didn't give a forecast that really made comfortable. albertson's keep going up and people just have given up on walmart. they're saying, okay, listen, they want to save the consumer, that means heck with the stockholder. did they really mean to hurt, to give a negative margin call? i think they did and that's why i think of all the ones we just talked about, target is my fav >> that's why you see shares slower on the back of that grew 60% in the quarter. if you think amazon's next leg is logistics and the many different businesses they're in, quite hard to get same-day delivery these days but target is doing a pretty good job with shipt. >> people are em

caller: everybody is talking about macy's and walmart. has anybody did any research on the thrift shores. i shot thrift shores and aligned to check out is in the back of the shores. that is where everybody is shopping, at thrift stores. guest: i am glad you brought that up. we have seen thrift ink that is one category within retail that is growing and has grown exponentially so during the pandemic. whether you are someone who is shopping on a budget, that is one reason a consumer might go to a thrift store. you have also seen thriftiness and secondhand sites gaining popularity in the younger generation of consumers that this is something that is appealing to them, whether it is posh mark or thread up, these are one of the secondhand apparel sites where you can sell stuff if you are a consumer looking to offload your clothing. you can put it on one of those sites and shop that as well in turn. i think thrifting is one area expected to perform well. you take into consideration supply chain issues, that could be another reason that compels t

. >>> yesterday, home depot and walmart. earnings and the consumer continue to drive the market action we speak with top ranked expert on expectations. >> and taking a page from madison avenue with massive messaging overhaul when it comes to the $1.25 trillion spending package. >>> 20 years and $700 million. say goodbye to staples and hello to the crypto.com arena. you are watching "worldwide exchange" here on cnbc >> welcome back. i'm frank holland in for big papa a mixed picture with the futures. dow down fractionally and nasdaq up crypto falls below that 59,000 mark ripple up and ether and litecoin up as well yesterday, walmart and home depot. what do you expect coming up today. >> i expect more of the same that's one of the big eger risk retailers are going to take. you look at target they are very forward looking. they are going to try very hard to minimize disruptions. if i saw one blip, the number of trips decline. suraverage basket size was up and revenue earnings the average ticket was up. when you have higher oil p

during walmart's black friday deals for days, there's all the best deals. score monday online or friday in-store. this season head to walmart's black friday deals for days. ♪ ♪ we gave new zzzquil pure zzzs restorative herbal sleep to people who were tired of being tired. i've never slept like this before. i've never woken up like this before. crafted with clinically studied plant-based ingredients that work naturally with your body. for restorative sleep like never before.

target, ross stores, tjx, walmart. remember something a lot of retailers suspended buybacks in 2020, but they have resumed the buybacks in a very, very big way look at today. target announced they bought back 2.2 billion worth of shares, and lowe's is accelerating the buyback tjx is accelerating their buybacks some people call it financial engineering. others say it's the most efficient way to return capitals the democrats want to tax buy buybacks retail, the trends are pretty darn good. comp store sales have been great. earnings have been above expectations everybody is focused on gross ma margins. i don't understand that. it's operating margins that matter it includes everything else, like labor and companies are getting more efficient that's the company the big issue is how much longer do they have pricing power can i point out the king of buybacks is apple in terms of the dollar value they have reduced their share count by 37% since 2013. think about that apple's reduced its share count by 37% >> carl, back to you.

target is gaining my cochair, walmart is gaining -- gaining market share, walmart is gaining market share. there's margin pressure, and yet they have held their own and be able to see earnings increase as a result of the stronger sales. alix: it begs the question, why was this a surprise then in terms of the supply chain issues in relation to the stock decline? but i also wonder, who are they taking market share from? how much market share do they need to take to offset these shorter-term issues? joe: i think they are taking market share from a lot of smaller players. there's a lot of players that left the industry, that just went bankrupt over the past couple of years because of the pandemic, so there's been a lot of share to grab there. but they are doing a really good job fighting it out among the other discounters, among the grocers. you could argue that the supply chain side of things, i would argue they are actually winning there, too. look at the inventory growth you have seen that walmart and target. you over year, it is up really significant me. they are well-positioned for the h

. >>> the walmart of the future. the new drone delivery system in action. >>> and from the historic lunar eclipse this morning, to the question, how much is too much when it comes to eating at the all you can eat buffet? it's friday, november 19th. >>> from abc news in new york, this is "america this morning." >> good friday morning, everyone. >> we begin with that breaking news on capitol hill. a marathon speech delaying joe biden's spending package. >> kevin mccarthy took the floor around 8:30 last night and continued talking into the early morning hours. nancy pelosi appears to have enough votes to pass the bill after the congressional budget office said it would ad 160 billion to the deficit over ten years. >> one democrat shouted, no one is listening. but he was undeterred. >> every page of all this new washington spending will be paid for or borrowed from you, the american hardworking taxpayer. this is the single most reckless and irresponsible spending bill in our nation's history. >> amen. >> mr. speaker -- >

plus home depot and walmart before the bell tomorrow morning. it is all coming up in "earnings exchange." stay with us >>> this is "the exchange" on cnbc is complicated. as your broker, i've solved it. that's great, carl. but we need something better. that's easily adjustable has no penalties or advisory fee. and we can monitor to see that we're on track. like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. ♪ >>> welcome back to "the exchange". >>> the holiday travel season is right around the corner, but there are some serious headwinds looming for both passengers and big industry players meg tirrell is tracking the rise of covid cases in some parts of the country. cnbc.com's leslie josephs is looking at airlines gearing up for a busier season. seema mody is crunching the numbers on why airbnb might not be the most costly travel option >> meeting tirrell, let's start

walmart's deals for days isn't over yet. this cyber monday is your last chance to score big online starting sunday night. don't miss out on walmart's deals for days. ♪ ♪ meet jeff. in his life, he's been to the bottom of the ocean. the tops of mountains. the er... twice. and all the places this guy runs off to. like jeff's, a life well lived should continue at home. home instead offers customized services from personal care to memory care, so older adults can stay home, stay safe, and stay happy. home instead. to us, it's personal. ♪ ♪ make more holiday at lowe's. get the samsung smart dial washer that learns and recommends your favorite cycles. wash and dry in under an hour with super speed. black friday is back, and with it, the deals. and save up to $750 dollars on select appliances at lowe's. >>> in 1918, molly thought she had the perfect life. she was married to earnest. a man she loved. and was close to her three sisters. but then, everyone around molly started dying. first, minny passed from a mysterious ailme

i agree on walmart i agree on tjx that is probably ready to head back toward those prior highs. maybe up about a 10% move, maybe into year end. also, i will mention, though, there are some crazy moves we started out talking about gap today, obviously, nordstrom today. best buy that stock went up in a straight line like 35% in two months and then gives half of it back in like that. so like i say, there are a lot of weird dislos angeles going on here you look at that costcochart pull up that costcochart that's not normal for a $250 market cap company which is not doing that much better than some of the biggest competitors to me i think there is a lot of oddness going on once we get through some of these supply chain bottlenecks, food inflation all this other stuff going on, by this next year, it will be a reversion for some of the things that have gone straight out. >> cramer is doubling down, to find out which one, check out the cnbc investing club member >>> coming up, a diamond in the rough j.p. morgan ceo jamie dimon walking back comments he made about the communist party and

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even though target is up 50% year-to-date, grossly outperforming walmart. on the other side of it, i'm in capri holdings based on valuation, cpri. i think that is the way i'm going to remain play and i think the stock is a double still from here >> wow, very interesting and why capri holdings every say a tapestry if you're looking at the premium market in the collection of brands, why is that one more attractive to you? >> well you could play both of them i'm not saying that you have to pick or choose >> okay. >> i just know that based on the space with a versace or jimmy choo and the core holdings of a michael kors, you're getting an undervalued multiple by four to one against the rest of the group. >> fair enough guy, mastercard is putting out the forecast looking at the holiday week, this thanksgiving spending week saying that sales in total for retail will be up 10% and i think department stores will get a really nice bid with sales growth of over 40% which seems kind of nuts to me and i guess i just keep thinking these department stores better not blow

. >> president biden met with executives from several big companies, including walmart, to talk about supply chain issues and the holiday shopping season. pres. biden: first of all, thanks for joining us today. i know how critically busy all of you are, and you are doing a heckuva job to make sure people aren't disappointed this thanksgiving and for christmas. i provided an update on the omnicron variant and told the american people it is a cause for concern, but not a cause for panic. we are going to fight this with science and speed. we aren't going to fight it with chaos and confusion. we believe we can deal with it. thursday, i will put forward a detailed strategy on how to deal with this new variant. that is not shutdowns or lockdowns, but with more widespread vaccination, more boosters, testing and more. in the meantime, i've said the best protection against this new variant is to get vaccinated and get a booster shot, and i urge all americans, get it done today. there is no excuse. it is free. it's available. if you qualify for a booster, get it done today. i know it is incredi

for walmart i talked to them extensively. i asked them is this a cost cutting measure. they said, no, it's more about increasing capacity and allowing their associates to spend more time talking to customers, helping customers in the store because that's another aspect walmart is trying to ramp up their service. they want associates to have higher level functions talking to their customers that come into the store for other chains it's a cost cutting measure. from tortoise the idea is to cut cost on a 2 mile grocery deliver. and for many it makes sense to use robotics as opposed to hire a person to move the groceries >> i don't know if you would hire the robot what's your skill set? i don't take vacations and i never have to go to the bathroom it works. >> and i'm always up to code >> yeah. i like -- i see what you did there. the code thank you, frank holland appreciate it. >> brian, you're rubbing off on me >> that's not a good thing frank, take care >>> president biden -- it's not punny. president biden's just passed infras

only when you become a walmart plus member. join walmart plus today. ♪ [ cheers and applause >> jimmy: welcome back, everyone today is friday and that's usually when i catch up on some personal stuff you know, i check my inbox, return some emails and, of course, i send out thank you notes. [ cheers and applause and i was just running a bit behind today so i thought, if you guys wouldn't mind, i'd like to write out my weekly "thank you notes" right now is that cool >> audience: yeah. [ cheers and applause >> jimmy: james, can i get some thank you-writing music, please ♪ [ laughter ] that's my man. >> steve: christmas spirit came early. [ laughter ] >> jimmy: yeah, christmas spirit the -- ghost of christmas present right here >> steve: yeah [ laughter ] >> jimmy: thank you, taylor swift for giving us all more red, and thank you "people" magazine for giving us all more rudd! [ cheers and applause >> steve: "oh, yeah! >> jimmy: that's my dude >> steve: come on. [ laughter ] ♪ >> jimmy: thank you, "red (taylor's version)" for being the music world's v

walmart is gearing up. they seem almost stoked to fight it, but it's not a 100% positive news story, and the inflationary pressure he was talking about, he was just saying the bills will reduce it. a bit of a change. overall they want him on the road. they want him talking about things. they think the reason people don't know what is in these bills is because they haven't been able to hear the president or congress talk about it, members of the cabinet. you're going to see them fan out all over the place. if you were wondering when biden's team might show up in your neighborhood, i wouldn't hold your breath all that long. >> i think you're right to note that inflation is the backdrop. how do you see those things being intertwined, josh, in terms of how will the terms of inflation impact the debate, and what sort of role do we anticipate the white house playing with what goes on on the other side of pennsylvania avenue? >> i think in terms of public opinion, the biden administration is hoping the gas prices

. >>> and getting ready for retail as walmart reports results before the opening bell today. it is tuesday, november 16, 2021, and you are watching "worldwide exchange" right here on cnbc. >>> good morning, to you i am dominic chu in for brian sullivan this morning, kicking off your tuesday with u.s. stock equity index futures looking towards at least a little bit you can see there, of stability at the opening bell. the dow is going to be opened up a modest 10 points if these moves hold into the opening bell right now. the s&p 500 down by less than 1 point and the nasdaq down by 3 so all told, very, very stable turning to crypto where it's not the case red across the board as bitcoin closes in on the 60,000 mark remember it was 66, 68,000 earlier just in the last couple of weeks bitcoin down ripple prices, ether, litecoin amid the other cryptocurrencies down on the day. ether is now 4,221 also watching physical gold prices hovering near five month highs right now futures up half a percent, 1,875 the last trade there. still down 1% on a year-to-date sbas but the last couple of

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they're making less per item for walmart. that's a big deal when it comes to what wall street is looking for. walmart is being padded like the rest of the u.s. economy by the fact that you have $2 trillion in household savings. that comes from the stimulus packages. that will run out if you're paying 6%, the highest inflation in 30 years. >> neil: the administration has been using the half full glass line that this is all happening because people are in a good position to buy, they're upbeat and all that. solve of the sentiment surveys say that people are not as upbeat that could be waning a little bit. play out not only the rest of this holiday season, but in to early next year. what do you think happens? >> yeah, consumption is 2/3s of the u.s. economy. if it continues to recover, it's based off of the consumer. inflation digs in. if you're making x amount of money, the higher the inflation, the less bang you get for your buck. so inflation is very problematic for the economic recovery. it's been great so far. we're coming

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only when you become a walmart plus member. join walmart plus today. and there you have it- woah. wireless on the most reliable network nationwide. wow. -big deal! ...we get unlimited for just 30 bucks. sweet, i get that too and mine has 5g included. that's cool, but ours save us serious clam-aroonies. relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself. ♪ [ cheers and applause >> jimmy: welcome back, everybody. i'm here with the one and only tariq trotter! ♪ [ cheers and applause we're about to play a game of "pictionary. but to do that, we're going to need some teammates. [ drumroll ] first, joining my team, he stars in the new marvel movie "eternals" opening in theaters this friday, please welcome kumail nanjiani! [ cheers and applause ♪ >> hey >> jimmy: that's what i'm talking about. looking good, buddy. that's what i'm talking about. [ cheers and applause wow. me and you, buddy. and joining tariq's team, he stars in season five of "big mout

even so they point to earn prosecution retailers like walmart as signs that consumers are shopping, that items are available, and that they are not running into these issues. inflation, of course, has also been rearing its head in this time one interesting note that i have hadered from several white house officials i talked to is if the omicron variant -- if it does slow down economic growth, yes, that is a bad thing but one possible silver lining could mean lower demand means lower price, especially in the price of gas at the pump energy prices calling quite a bit in the last few days. >> will that offset the inflation potentially cause by more shutdowns abroad and more problems with the supply -- so many thinks going on ka la tausche, thank. >>> stocks moved higher after president biden today said shutdowns are off the table for now. we have two market watchers with us one guest has comes names to buy into the volatility. the other says u.s. markets remain in what he calls a bubble let's bring in stephanie link of high tower and david rosenberg at the rosenberg research. david i am goi

only when you become a walmart plus member. join walmart plus today. ♪ [ cheers and applause >> seth: give it up for the fantastic 8g band right over there. [ cheers and applause also joining us again tonight on drums, he's a renowned rock musician who played with iconic bands like stone sour and soulfly. he is a member of industrial icons ministry whose new album, "moral hygiene," is available now. roy mayorga is here. thank you so much for being with us, roy. >> thanks for having me. [ cheers and applause >> seth: our first guest tonight is a golden globe winning actress you know from shows like "felicity" and "the americans. she stars in "antlers," which is in theaters now. let's take a look. >> he's not dead >> yeah, he is, lucas. my brother paul, he found him in your house >> no. those were all dead. we were sick and mean. my new dad's related, but aiden doesn't understand and he needs me i just have to feed him and he'll love me. >> seth: please welcome back to the show, keri russell ♪ [ cheers and applause >> hi! >> seth: hello, welcome back

home depot and walmart topped estimates before the bell on the back of the results and walmart is pulling back. crypto assets are under pressure today with bitcoin dipping below $60,000. we have 59 minutes left to go in the session. >> coming up today, checking in on chipotle. talking to the ceo brian niccol on inflation and supporting farmers. imax had the best october in company history. we'll speak with the ceo rich gelfond about a deal with disney. >> let's focus on the big story just mike santoli is tracking the action and joining us with the outlook is howard marx mike, start us off what are you focusing on today >> quiet strength. we are challenging the old highs in line to set a new closing high the intraday high for the s&p 500 a week ago friday at this point. 4718 basically right in that zone it is a little bit of a top heavy rally. you have tesla, microsoft, home depot doing a lot of the work. the average stock is middling. that doesn't really negate what is going on. quiet kind of uneventful strength is okay this wasn't much of a scoop lower. we are not blasting through. somet

home depot and walmart topped estimates before the bell on the

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walmart shares up about 2% in the premarket. more importantly, a lot of strings and gaining share in the grocery business. not only in terms of bumping up the comp sales, but also in terms of margins. keep an eye on biogen. those shares slightly down by 0.7% after its chief scientific officer said it is going to leave. -- said he's going to leave. there's a lot of controversy about the approval of this alzheimer's drug. a lot of speculation about his departure. let's take a look at the ev space. elon musk selling more shares, bringing his total to about $7.8 billion. take a look at lucid group, up about 6% in the premarket. they had their first earnings report. no real earnings or revenue to speak of here, but they add $5 billion on their balance sheet. they also at about $1.3 billion, so investors taking that is a good sign that this company does have some future, and rivian is up for four straight days. no more than double where its ipo price was. tom: this is the conversation of the day, with great respect for james bullard o

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the head of walmart u.s. says they're ready. >> our team has been extremely creative the last few months figuring out how to manage the shortages. >> walmart, among other retail giants like target and costco, chartering their own ships to get around historic congestion at cargo ports, helping to take control of cost pressures throughout the supply chain. >> you're at walmart, you can expect for a family to be able to buy a thanksgiving meal for about $39. that's about $14 less on average than what customers around this country. >> is it more money than that same family paid last year >> this morning, they have turkeys for 87 cents a pound so we're still in really good shape on price relative to where we were a year ago. certainly there's a bit of inflation that has come through. for the most part, we're going to fight hard to ensure we have great value for our customers. >> nationwide, the average cost of a thanksgiving dinner is up 4% compared to last year if you're buying online, apparel prices are up nearl

in fact, we would get a few of them on the road a walmart plan goes out. some black friday walmart shoppers didn't leave their homes today. >>> we don't mean a shopped online or that their home is in the bay area, but for people who lived within a 50 mile radius of walmart's headquarters in arkansas, that is how they got stuff delivered , by drone. >> customers expect us to save them money. they need us to save them time. when it comes to saving time, what better way to do it then via drone. >> the service is free, but it is not clear if it will expand nationwide. walmart and drone delivery companies apply and are still gathering data. i don't want my laptop delivered that way, to see if more customers would use it. >>> coming up, we talk live with the bay area doctor about what everyone needs to know about the newest strain of coronavirus. >>> you probably seen out of stock or delayed shipping on online deals this black friday. a look at how workers are speeding things up at the port of los angeles. >>> speaking of supply issues, with some california tree

but it walmart gets back to where it was trade brg, we might have to rickng the register. too many question marks. too many question marks. the most problematic ones, i'm talking about oh, man, disney, twillio and zoom they disappointed wall street with franchises looking tired at best here without news maybe an acquisition, maybe breakup, anything to put the near term past behind them i don't expect much positives until they report again. and that's what might change the course that may be too long for some of you. but these stocks are now in the penalty box. they have 50-minute majors that's how it works. the toughest thing, too late to sell the stocks. that doesn't make them compelling when you hear a stock is going down, that doesn't mean you should buy i'm cautious after spending time with the visionary ceo of nvidia everything is guesswork. none of my knowledge is like his. i'm not a fuzzphysicist of stoc. i'm someone that's been knocked around a lot just like members of the investment club, i'm a pattern recognizer the bottom line, these historical patterns are good

what walmart and home depot are seeing as we enter the holiday season. >>> also this morning, the nasal vaccine that could slow the spread of alzheimer's. >>> a massive class action lawsuit against tiktok. how parents could cash in. >>> and from britney spears' new statement about her new life to the new spider-man trailer real-life version of the road runner who hitched quite a ride, it's wednesday, november 17th. >>> good wednesday morning, everyone. i'm andrew dymburt. >> i'm andrea fujii. mona is off. we begin with breaking news. a deadly plane crash in colorado. >> an air tanker that was helping fight a wildfire northwest of denver has crashed. our denver station kmgh says it spotted the plane near the town of estes park before the crash last night, the pilot, the only person on board was killed. firefighting planes flying for the state are not allowed to fly at night but we're told it was flying for the county. >> the wildfire was sparked yesterday when heavy te fainore. no word on the cause of that crash. >>> day two of jury deliberations in the kyle rittenhouse trial. the teenag

our exclusive with walmart's u.s. c

do you agree with doug mcmillen at walmart and brian mcneil at target, trying to absorb the costs? >> i think they're on the right track. no question there's enormous inflationary pressure. what they're taking, i think, is a very sensible approach to allow for some event margin compression while they maintain their value proposition to the consumer that's the essence of the those business's appeal to the consumer and sacrificing that means sacrificing long-term health of the business. >> when you take a stance like that, folks like mcmill len and cornell, they are bright people, know their industries well is there maybe an implication, right, that these ceos feel as though the inflationary environment will ease in the coming months and quarters and that's why they feel comfortable taking the margin hits, is it a short thing in your mind >> you have to pull apart the inflation numbers to get an understanding how they think about things if you look at the numbers driven by food and energy in particular, the underlying is nothing like the headline numbers we see in the nuewspaper they

, walmart not so much. we open some walmart for the charitable trust we're itching to buy some of that back, because i believe in their strategy longer term here, out here in silicon valley, it's not about taking share. it's about long runways, it's about green field opportunities. it's about total addressable market that can be, i don't know, higher than we've ever dreamed. if walmart were a football player, they would be an interior lineman affirm is the fleet footed wide receiver that can jump everyone from pay pal to visa and bank of america and bring in the touchdown. let me give you another example. square square's another payment technology play with an ethos. they too are on a mission to empower small businesses and now -- and yes, now younger people who have been left behind by the big banks it seemed like a preposterous idea to cater to the market. but it turns out there are hundreds of thousands of these small xer enterprises and people it's purpose driven, but it's also a driving business opport

inside walmart stores. i imagine target competing with that, but i also think given the ability to raise price in the current environment they're not going to have any trouble with the cost of goods line either, despite all of the problems of importing goods right now and how expensive that is. >> it is really interesting. we should note, by the way, the target ceo will be on "squawk box" tomorrow more an exclusive interview following the earnings report and we have positive trends from both walmart some that note let's move along to tjx companies, a parent of home goods and t.j. maxx the stock is up 8% in the past month but basically flat on the year they're making strides into ecommerce and continuing to open stores they have only one underweight weighting on the street according to fact set. matt, why has the stock been a struggle this year >> one of the things, you m mentioned the issue of online retailing and they need to improve on that. one thing i like about the stock that gives it potential going f

keep this in mind, walmart is the nation's biggest grocer. now they're trying to gain more market share by using these fully autonomous, completely driverless trucks to move online grocery orders walmart is partnering up with a gatik. they're using gas-powered trucks that operate 12 hours daily. those trucks are loaded up at warehouses called dark stores that travel to neighborhood market locations they get unloaded and then they go back for a seven-mile round trip now aiming to improve efficiency, walmart is moving to a hub and spoke model operating smaller warehouses that are closer to their customers. that requires more restocking. and you have to remember, traditionally grocery is a very thin margin business that's largely why kroger is testing autonomous last mile delivery they're doing this with a company called nuro in the houston area and using automated warehouses grocery in places where kroger doesn't have stores albertsons is also using remote controlled delivery with a startup called tortoise. save 60% on delivery costs using thei