walmart has historically performed well during volatile times. it is also often seen as a barometer for the health of the us consumers. so the company's decision could be a sign of how other retailers will navigate trump's trade war. even despite the us and china agreeing to temporarily lower duties, walmart's chief financial officer john david rainey says tariffs remain too high to avoid passing costs along to shoppers. have a listen. i want to start with, we had a good quarter, in what is an otherwise pretty unpredictable and dynamic environment right now. our goal, though, we are wired to keep prices low for customers, but the level of tariffs that have been a proposal is pretty challenging for all retailers, for suppliers, and certainly our concern is that consumers are going to feel some of that, so we are going to keep prices as low as we can for as long as we can for our customers and members. lets speak to neil saunders, managing director of globaldata retail, a data analytics and consulting company. lets speak to neil saunders, managing

but jim, walmart is not i mean, it's not like walmart's doing it. nobody else is going to walmart, actually, as a result of what they said, gave permission to everybody else to raise prices. how are you reaction. >> would have been if yellen had gone on meet the press and said, i spoke to walmart and they promised me they're going to price the way we suggest. >> well, inconceivable, inconceivable. i think that these people will feel that they are part of a like it was a fund manager for 35 years. you've got the president who's aware of walmart, and you also have a lot of like, i'm going to tell apple they shouldn't be in india. i can call these guys and tell them they own a lower price like nixon wanted you to lower price. >> yeah, yeah. it's the it's like an extra seat on the board as we talked about last week. >> well, i mean, someone said to me, i was i talked to someone and i said, look, i it was actually a very important cfo. he goes, you act like the, like the that the trumps on the, on the board of walmart. and i said, well he acts like the h

so when you look at walmart and just going through walmart, walmart touches americans, okay. in a way that almost no other retailer does, no other retailer does touch so many people so directly, and they are having to raise prices. and they're not they're not walmart doesn't raise prices unless walmart has to raise prices. >> well. >> and looking at it from the tariff perspective. >> it used to. >> be the. >> case until a few days. >> ago that tariffs from china would be 145%. then it was. >> lowered to 30. >> when it was 145. it was very clear that trade between the u.s. and china was simply. >> shutting down. so that's. >> why if we had continued on that track, we would have had empty shelves. so now. >> the question, of course. >> is, is lowering tariffs enough. >> to prevent. >> empty shelves? or are we getting to a point where tariffs might still create uncertain product categories? still the risk that we might not get the goods from. >> china, right? >> i mean, because, you know, i guess we're putting out the point here that even though there's no deals yet. but the tar

walmart and china. they should. >> as is said. eat the tariffs and not charge valued customers anything. i'll be watching and so will your customers. eat the tariffs. eat the. tariffs means. pay the tariffs, pay the tariffs. and then keep the price down on. >> the goods. that you've already. >> paid the. >> tariffs on. >> that's what donald trump wants. >> walmart an american company to do. he doesn't want to say the word pay anything but that because donald trump has based his political career on the lie that foreign countries pay tariffs imposed by the united states, donald trump can't bring himself to say to walmart, pay the tariffs, can't say that word pay. even though walmart is exactly who is paying the tariffs on the goods. walmart imports from china to sell to you. an american company pays the tariffs in america. that's where the tariffs are paid when those goods arrive at the dock. and like every other business in america and around the world, the cost of the goods that walmart sells determine

tonight, a warning from walmart attention walmart shoppers, high tariffs will mean higher prices. expect some sticker shock at the world's largest retailer known for their deals. cnn's vanessa yurkevich is joining me now with more details of which goods specifically could be impacted here. vanessa. >> yeah, that's right. walmart, the biggest retailer in the entire world. >> says they're going to start. >> raising prices at the end of this. >> month. even with. >> that. >> reduction in tariffs on. >> chinese imports. >> excuse me. exports from. >> 145% to 30%. >> it is. >> simply too much for the company to absorb. >> take a listen. >> to the ceo of. >> walmart. >> doug mcmillon, who. >> spoke on the earnings. >> call earlier today. >> we're positioned. >> to manage the cost pressure from tariffs as well or better than anyone. but even at the reduced levels, the higher tariffs will result in higher prices. >> and some. of the items that are going to be. hit with. >> higher. >> prices coming soon are electronics. >> a ton. come in from. >> asia into the united states. toys about 80%

take a listen. >> i was on the phone with doug mcmillon, the ceo of walmart, yesterday, and walmart is in fact the going to the as you describe it, eat some of the tariffs. so let's see what happens. what you're describing was walmart's earnings call. the other thing that companies have to do they have to give the worst case scenario so that they're not sued. so you know, i think overall we are seeing a decline in services inflation. and i we saw inflation come down for the first time in four years. >> now alex, that was a bit of wordsmithing from the treasury secretary because walmart is essentially saying, look, yes, we're going to try our best not to raise prices on consumers. we might even move prices up if, let's say, a tv is the one that's hitting the tariffs, we might move that over to the grocery section to try to work out a deal within our stores to try to help consumers. but overall, walmart is saying is that this trade war is going to cost the company and american consumers money. and president trump is not happy about that. alex. >> okay. you mean as always, many, many than

those of us who actually shop in stores like walmart know that walmart and costco have really low pricesgo after them for raising price? post tariff is to go after the best inflation fighters in the world. these guys have low single digit margins for heaven's sake. if they try to eat the cost of a 10% tariff, they could over the years become cash flow constrained. oh, and if the president had given them time, prices would be lower still. but they didn't get that time. when the smoke clears, walmart will have the lowest prices. tariffs or not, this is the last company on earth that should be singled out for profiteering. if even walmart is guilty, then nobody is innocent. i like to say there's always a bull market somewhere and i promise you, i somewhere and i promise you, i find i narrator: it's been 10 years since "shark tank" ignited america's entrepreneurial spirit. and we are still blazing a trail. for those who take their fate into their own hands by working hard... sproing is the next big thing in fitness. whoo-whoo! narrator: ...by working smart... this is gonna be the number-one

clear, that walmart is going to have to raise prices., the world's largest retailer, is telling its shoppers the time has come. >> even at the reduced levels, the higher tariffs will result in higher prices. >> reporter: ceo doug mcmillon did not say on today's quarterly earnings call which products would face a price increase, but the chief financial officer indicated that prices could go up within weeks. toys and electronics imported from china fill many shelves at walmart. some of those will face an import tax of 30%. >> tariffs on countries like costa rica, peru, and colombia are pressuring imported items like bananas, avocados, coffee, and roses. we'll do our best to control what we can control in order to keep food prices as low as possible. >> reporter: president trump's 90-day pause on tariffs on chinese imports poses a new challenge for walmart as the company stocks up for the upcoming holiday season. >> where it can get more challenging is we make decisions related to things like halloween and christmas farther out, and how do

higher earners are going to walmart. higher earners are going to walmart.d moving that way while we saw inflation spiking over the last couple of years but you just mentioned something i want to come back to and that is that 70% of the products are made here. they just recently announce offed they were all-in on that, right, because they are supporting entrepreneurs and small companies to try to get their wares into walmart. they the most recent announced program, buy usa. >> not only are their distribution centers for walmart products but they support all of these walmart sellers, small businesses that want to not only sell items into walmart but they act as the fulfillment partner, similar to what amazon does on small businesses, they can also mark these boxes as they're filling them with individual seller branding, logos. it's incredible that they are supporting the small business economy where for years they were one of the big box retailers that were putting the mom and pop stores out of business. they are helping mom and pop stores reach consumers. no

>> el aumento de precios, según walmart, se producirá a finales de mes.rnández recorre los pasillos del aeropuerto internacional de los Ángeles, pero no como miles de viajeros en espera de un vuelo. >> yo soy janitor . >> trabajo en la tommy rauli . . >> ah! >> y tengo. >> ya 24 años. >> trabajando aquí. ella es una de las 36.000 personas que trabajan en el aeropuerto y los hoteles de los Ángeles con más de 60 habitaciones que luchan por un pago de 30 $ por hora de trabajo, lo que es rechazado por quienes ven un impacto negativo en la economía local. >> alguien ha preguntado al trabajador cómo irle impacta a usted que esto suba y usted siga igual? no, verdad ? >> este miércoles, en una sesión pública del concilio municipal de los Ángeles, los trabajadores abogaron por las propuesta . aquí se escucharon los abucheos a los concejales que se oponen al aumento . finalmente, por 12 votos contra tres se aprobó inicialmente el aumento en etapas 25 $ en 2026 27 50. un año después y 30 $ en 2028. uno de los argumentos de los 36. trabajadores del aeropuerto y de lo

earnings from walmart.the quote we have from the company earlier this morning getting a lot of attention. for how much longer can they absorb tariffs without passing on higher cost? this from the ceo, we will do our best to keep prices low as possible but given the magnitude of tariffs, we aren't able to absorb all the pressure. lisa: and walmart, given that they are the biggest n the world giving a free pass to other retailetogether, they aret together and that is just the new price. this is the reason why the data that we get is going to be so important. how resilient is that consumer, how much are they continuing to spend, how much do they still have jobs? that means these prices can be passed on to them, they can absorb them and still buy things even though prices are higher and this is what the fed is going to be watching as they figure out how that path goes forward. jonathan: this massive disconnect between the soft data, how people feel and the hard data, but they are actually doing. retail sales ar

you can say look at the walmart sales today, naysayers say walmart sales are up, everyone can affordo buy stuff at regular stores, they down shift to walmart, wall street guys try to be so smart and look inside the data but face value. stuart: we will take it. stay for the hour please. coming up russia and ukraine, peace talk start today in istanbul. as of now donald trump and vladimir putin will not be in attendance. what are the chances for real peace? general jack keane takes that on later in the show, the president is confident his big beautiful bill will easily be passed. watch this. >> a lot of democrats -- republicans are very unified. stuart: but he's facing challenges within his own party. senator john kennedy tells us where things stand. these next. ♪ ♪ okay, son. focus on what you can control. everything else is just noise. when you work with someone who knows a lot and cares even more... you're unstoppable. at truist, we believe the same is true for banking. i've got a lot going on right now. let's focus. what are your top priorities? ♪ (background sounds) investment oppo

so would you rather walmart or target or. i'll let you go off the board and pick another retailer, the one that is best poised to handle the tariffs? bill thinking. but he's actually frozen. so there you go. technology interfered with getting that answer. but when we do get it we'll let you know what he said. but i will pose that same question to timothée. >> thank you. and i'm. >> going to go off the board. >> if only i could answer in french. or maybe i'd say arcore or one of their. but anyway, what i would say is target, and i'd say it because i actually think improvement in us china relations only helped target who is more exposed in a higher tariff dynamic. so if i if i but i think bill's back right. so back i want to hear him. >> so bill. >> asked me. >> answer the question if you will walmart target or pick another retailer which is best poised to weather tariffs. >> best to whether the tariffs will be walmart best. i think from an investment standpoint. target so beat down. they're so beat down and they're such a good

walmart. america's largest private employer is preparing shoppers for potential price hikes, possibly within weeks. ceo doug of mcmillan told investors that despite the temporary us-china agreement to lower import duties, the company won't be able to absorb all of the cost pressures and will have to pass some along to consumers. in the case of bananas, the price has already jumped up, tariffs on countries like costa rica, peru and colombia are pushing up the costs of everyday items. like bananas, avocados, coffee and roses. walmart says it's doing everything it can to keep prices low, partly by reducing food waste, but despite its scale and the fact that two-thirds of its products come from the united states, even walmart is feeling the pressure. with its global supply chain and negotiating power, the retail giant is in a better position than many to handle these challenges, but if it's struggling with cost pressures, well other retailers are likely to follow suit. many companies have been abs

. >> doug mcmillon, the ceo of walmart, yesterday, and walmart is in fact the going to the as you describe it, eat some of the tariffs. >> you said you. >> called walmart. >> is that what ceos can expect that you that the president that other members of the administration will apply pressure to try to prevent them from passing on these prices to ceos? >> i didn't apply any pressure. they they doug and i have a very good relationship, so i just wanted to hear it from him rather than, you know, second or third hand from the press. and again, as i said, this is all from their earnings call. and on an earnings call, you have to give the worst case scenario. >> that was treasury secretary scott bessent admitting that tariffs are not paid by the exporting country, that in fact, tariffs are paid by the importer and not just the importer, but also the consumer. as bessent also admitted to cnn yesterday, quote, walmart will be absorbing some of the tariffs. some may get passed on to consumers. so walmart and walmart shoppers, it is a basic rule of trade that pretty much everyone who knows anything

walmart is preparing to raise prices in the us as soon as this month, as trump's tariffs have forced the retailer to pass on costs to consumers. and officials from 21 member economies of apec will meet for talks to offset any fall out from us tariffs as day two of the asia pacific corporation forum kicks off in south korea. "hello and welcome to business today and we start in the us where retail giant walmart says its tariff related price hikes are likely just weeks away, as president trump's import taxes remain at such high levels that the world's largest retailer will have no choice but to pass on the cost to shoppers who could be paying a more for some items as soon as late may. our north america business correspondent michelle flurry has the details from new york." walmart, america's largest private employer, is preparing shoppers for potential price hikes, possibly within weeks. ceo doug mcmillan told investors that despite the temporary us-china agreement to lower import duties, the company won't be able to absorb all of the cost pressures and will have to pass some along to co

, walmart and costco benefit from inflation and that's why we like walmart because consumers are looking for lower prices and walmart has some of the lowest prices even though they are still going higher it will go higher everywhere. liz: walmart has said we are expert at keeping prices low and they will try to do that. the food issue, anything important from mexico, bananas from south america and goods from china. >> we have tariffs, they import rapidly earlier this year knowing this was coming to blunt and hope they could wait out the tariffs and many retailers haven't raised prices because they hope they can wait this out and they will go down rapidly enough that it won't have a dramatic impact on business but as time goes on these retailers are going to have to pass on prices are their profits are going to be very much hit and we see companies talking down what their profit margins are going to be because of tariff costs. tariffs are taxes on the american people and american businesses and that has to work itself through. liz: discount retailers are healthy, consumer staples mostly i

i'm a walmart holder.it's expensive, but i think in the intermediate to longer term, could them having to hold prices down force competition to be in a much weaker spot, as either they have to let prices rise because they can't afford to hold them down or try to compete, which they probably won't be able to do. i see this as a way for them to gain share over time. how do you think this plays out? >> absolutely. if you're walmart, if you're costco, if you're home depot, if you're dick's sporting goods, if you're tj maxx and you're best in class in your space, you gain market share. you do the best job of controlling the pass through, of pricing that other people can't. they either suffer or they raise prices and lose market share to you. that's going to happen. it's a good time to be a big, well capitalized, strong vendor clout kind of retailer. and i just named the best five of those you own the very best one, the best retailer in the country walmart. >> so jan, does that mean walmart's cementing this this

many of them own walmart shares. when the company went public, sam would often offer shares for small jobs, like fixing a roof or fixing a pipe. when the company first went public, 100 shares were worth $1,500, $15 a share. imagine buying them and just putting them in a drawer and taking them out today. those shares would be worth about $19 million today. walmart is worth $380 billion today, sam walton's heirs. are officially considered the richest family in the united states. however, solid bank accounts and unlimited opportunities did not force the waltons to leave arkansas. instead of a skyscraper in manhattan, the headquarters of the largest retailer in the world. it is still located in bentonville, a city with a population of only 35,000 people. the museum has preserved an exact replica of sam walton's office. here you can learn a lot about the billionaire's habits and see that sam really did not pursue luxury. sam never wanted to leave here, and he always fawned over his wife, and she said, "i'm a small -town g

so, david, you know walmart better than anyone. you know that walmart. well, there's a. >> i appreciate when you say that. i just feel as though, you know, there was a time when i knew the company extremely well because i did two documentaries on them. that time is not now. that said, i try my best to understand what's going on. >> you have e-commerce finally breaking into in the black, and you know that the fact is, is that if anyone can hold the prices down, it's going to be walmart. it's down more than everybody else. >> absolutely true. and one thing that has not changed is the culture, obviously. and doug mcmillon, under doug mcmillon over what is now a significant number of years as ceo and obviously a track record of great success at the company as well. and you can see that reflected. let it come down a. >> couple bucks and then buy it, because no one's going to be able to touch him. >> you think it actually widens the gap between them and their competitors? certainly in terms of how you navigate tariffs, the high tariffs that were in place for a

so president trump is warning walmart not to pass the tariffs on to the consumer, after walmart has announced that it would have to do that. is it possible for walmart to back down on what it thinks is the reality for them? >> thank you for having me. well, it's a tough choice not only. >> for walmart. >> but for a lot of. >> businesses out. >> there, right. because what walmart has been saying is that. >> they will try to keep. >> prices as low as possible for as long as possible. but the thing. >> is that. they have a tough choice to make. >> right? as they start seeing higher tariffs, they. >> have. >> to choose between keeping. that demand at a time when consumer sentiment is going down, at a time when people are starting to feel jittery about the economy and protecting their margins. so we could we could see them bacdown at some point. but that might not be the case as the tariffs start to make their way across the economy. >> so what does this potentially mean for the millions of americans who do shop at walmart and other retailers who import a lot of their products from china and other

today, walmart is worth $380 billion, heirs. the waltons themselves are officially considered the richest family in the united states. however, solid bank accounts and unlimited opportunities did not force the waltons to leave arkansas. instead of a skyscraper in manhattan, the headquarters of the largest retailer in the world. still located in bentonville, a city with a population of only 35,000 people. the museum has preserved an exact replica of sam walton's office. here you can learn a lot about the billionaire's habits and see for yourself that sam really did not chase luxury. sam never wanted to leave here, and he always fawned over his wife, and she said: "i'm a small -town girl, i'm not going anywhere." for many years, walmart was the main employer and the only incentive for those who decided to move to northwest arkansas. however, this part of the state has recently experienced a real entrepreneurial boom. northwest arkansas residents have entrepreneurship in their blood. moved to northwest arkansas from the south of th

home depot, walmart.ne can hang on before they can pass on prices to consumers. major pushback from the president of the united states. lisa: and then softened by treasury secretary scott bessent who acknowledged they would eat some of the tariffs in the profit margins, walmart, but they would also pass along to consumers. tacitly acknowledging it would not be paid for by the exporter. it will be paid for in some degree by u.s. companies and the consumer which raises the question of how much this allows home depot and target to do the same. we see pricing pressure across the board. jonathan: dynamism and all of that stuff. annmarie: interesting point that the treasury secretary bought up -- brought up, the price of oil. the most important price for consumers is the price of gasoline. not so much as the president continues to say $1.98. still have not found a single gas station offering that. jonathan: this could be a pr nightmare. lisa: they could say we love the strong american consumer. jonathan: have y

we will get back to the public markets and look at walmart.e falling after reporting first-quarter results. the company had strong sales meeting quarterly estimates but investors are paying attention and responding and reacting to walmart's cautious kata -- cautious commentary. the ceo said "if you have not already seen it, it will happen in may and become more pronounced." he is talking about the likelihood of price increases later this month. joining us now is the managing director and global investment research at mobile -- at goldman sachs. kate, can you interpret how you read the remarks about price hikes? kate: i would say to start, all along walmart has talked about the risk of having to increase price in a more inflationary environment. even though we got good news with tariffs being lower and going from the 145% out of china to 30%, it is quite a big increase. all companies, including walmart, have to manage inventory around this cost. what they were trying to convey is that they are looking to provide the best value for their custome

world's biggest retailer, walmart, says they'll have to raise prices, as the trump tariffs continue. why you may pay more for bananas and more the next time you shop. >>> our report on elon musk's xai colossus supercomputer, why some near memphis say fumes from the giant facility are making it difficult to breathe. >>> and how a missing camper who survived in the snowy sierra for weeks was found by chance. >> announcer: this is "nbc nightly news" with lester holt. >>> good evening, and welcome. tonight, the supreme court once more called upon to settle a question of presidential powers. in this case, the ability of federal courts to block presidential executive orders. today, the justices hearing arguments related to birth right citizenship, guaranteed in the constitution. by executive order, president trump moved to take away citizenship from children born in the u.s. to undocumented immigrants, an order blocked by lower federal courts. the administration arguing the courts have been exceeding their authority. it's just one of dozens of trump executive orders that have been held up

i'm saying the walmart walmart raising its prices matters a lot. i was just at home. my family was talking about how she was stockpiling on frozen fish, because they think all of these things are going up of clothing brands, are emailing people, telling you that they're no longer shipping to america because of tariffs. those are literal impacts on people. and i think it reminds me of like after this happened with biden, that colored how folks viewed the entire administration, the, the, the foreign policy aid was bad because inflation was going up. right. when you ignore the fundamental issue, it could also it could also impact the administration broadly. and i think the republicans are doing the same thing, prioritizing their own ideological project over the kitchen table. >> i would argue that biden's foreign policy challenges started with the withdrawal from afghanistan more than more than inflation. but i do take your broader point. and, scott, i'm just reminded, i realize you're trying to defend the trump administration. but when biden folks were on sets like this

the walmart. his grandmother's house. even a hospital.ent to a local emergency room to be seen about the pregnancy. and then she came out, and claimed she wasn't pregnant anymore. >> i andrea canning: and was there any record of that-- there's no record-- andrea canning: --at the hospital? there's no record of that. andrea canning: laura and her family knew things weren't adding up. are you starting to have suspicions, or are starting to think one way or the other? laura saxton: by the time the police had talked to him and several people had talked to him, his story was just varying, you know, a little bit from person to person. and so, that-- that was setting off red flags in my mind. andrea canning: police raised the heat on donthe. feel like i'm just. >> going to. >> keep, like saying stuff. >> wrong and you're going to like. >> seems like i just want the truth, bro. i mean, you're truth, bro. i mean, you're telling me, like, i'm andrea canning: are inconsistent statements enough to arrest someone in the disappearance of a woman? unfor

asÍ lo afirmaron hoy ejecutivos de walmart.a. no, no es difÍcil adquirir los productos. >> esta maÑana, en una llamada para analistas y medios, el ceo de walmart, doug mcmillan, dijo lo siguiente. haremos nuestro mejor esfuerzo para mantener nuestros precios lo mÁs bajos posible. pero dada la magnitud de los aranceles, incluso en los niveles reducidos anunciados esta semana, no podemos absorber toda la presiÓn. otros grandes minoristas como home depot, lowes, target y bjs presentarÁn sus ganancias del primer trimestre del aÑo la prÓxima semana, y expertos anticipan ver reacciones similares a la de walmart. >> si no se llegan a arreglos en los intercambios entre estados unidos y el resto de los paÍses en esta guerra comercial. pues al final esto va a afectar directamente a las cadenas de suministro y a los que pagamos el precio de ese impuesto escondido. >> ya varios de los distribuidores de electrodomÉsticos y juguetes vendidos en walmart han subido sus precios, pero lo mÁs preocupante es el costo de la comida. segÚn el mismo c

i mean, one of the things walmart, i just felt so bad for walmart yesterday, walmart is moving. say, something costs a lot and because of a tariff, they're not going to make, they're going to eat something and then try to make it so that that aisle isn't as bad. look, walmart's doing everything they can. walmart has been one of the greatest in fighting inflation fighters. and i felt that the president was misplaced about what walmart is doing. yes, they do make billions, but walmart has kept prices down in this country. and for that, they need to be rewarded with low profit margins that make a lot of money. but walmart is one of the few companies, and i think we're going to find home depot where they go over to china, say, listen, hey guys, we're not those prices aren't you know, we're not going to take those prices. and that's something the president wishes should be done, because instead of raising prices in order to stop them, home depot, lowe's and walmart's lowering prices, that's what you want. you want a government that says, listen, we're not taking these prices. instead

does that directly benefit walmart. does that actually lead people to go to other retailers because as inflation was spiking again, as i mentioned, we heard a lot of people saying they were, i guess, trading down to walmart to try to find deals. >> yeah. so i think if. >> you have inflation. >> you know, let's say 1 to. >> 2%, i think that's attractive for walmart. >> so you know, if you see less inflation in food, you. >> can see consumers. >> navigate to. >> more discretionary. >> categories. >> and walmart makes. >> more. >> money in apparel home and some of those more. >> discretionary areas. >> so it could. >> end up actually being a. >> net positive. now you don't. >> want deflation, but if. >> you're in that zero one. >> 2 to. >> 2% type range, i think that's okay for walmart. >> let's talk about the broader retail sector. we're just talking about it. we're going to show some of the big retail earnings coming up over the next two weeks. just to be clear for the audience, walmart, more than half of their sales com

walmart told investors it will try to absorb some costs. shoppers still could have to pay more for things like bananas, avocados, toys and electronics. on thursday the chief financial officer explaining. >> we are wired to keep prices low. but the level of tariffs is challenging for all retailers, suppliers. >> it's a war on consumers. >> reporter: amid the uncertainty, this man is stockpiling for two years, like a new computer, new furniture and even medication. >> it was a panic buying spree for the last two months. my husband is not happy because the house is a disaster because of all the packages. >> reporter: as a consumer, what would you say to president trump? >> i'm chasing a tight budget. please lower prices, take the tariffs off. >> yamiche joins us from the white house. this is happening as there's a rare late-night meeting tonight on the president's big budget bill? >> reporter: that's right. the house budget committee is planning to reconvene tonight to try to salvage a multimillion dollar bill. after hard-line republicans push

walmart. walmart said the prices will begin to go up later this month, and the hikes could put the company also in an uncomfortable position, if you will, with the trump administration. remember last month, the white house publicly shamed jeff bezos and also threatened mattel's ceo with 100% tariffs after they said tariffs would lead to higher prices. compare this news today with what commerce secretary howard lutnick told cnn's dana bash just on sunday. >> so we do expect a 10% baseline tariff to be in place for the foreseeable future. but don't buy the silly arguments that the u.s. consumer pays. >> joining me right now is rick newman, senior columnist with yahoo finance. it's good to see you, rick. okay. so what do you make first and foremost of the statement from walmart? >> none of this is surprising. the cost of goods is going up because the these tariffs are a tax on something like $3 trillion worth of imports. so what's going to happen is as the cost goes up to people, to the importers

>> i was on the phone with the ceo of walmart yesterday, and walmart is, in fact, as you describe it, some of the tariffs, just as they did in 18, 19 and 20. the other thing though, that we are seeing, that with their consumer, the singular most important thing is the gasoline price. gasoline prices have collapsed under president trump. so we are seeing that. the other thing that will happen, that is a direct tax cut for consumers, then the transportation costs are also a big input, so let's see what happens. what you are describing was walmart's earnings call. the other thing the companies have to do, they have to give the worst-case scenario, so that they are not sued, so, you know, i think overall, we are seeing a decline in services ast and we saw inflation come down for the first time in four years. >> well, in my conversation with former vice president mike pence, he says he sees tariffs as a tax. how far is the administration willing to go to prevent ceos from increasing prices? >> i think what we are hearing here, as people are saying tax increases or inflationary, when i was

walmart now warning prices will rise, citing the magnitude in the world. in the words of president trump's tariffs. among those items set to see a price hike from the world's largest retailer, electronics, food and toys. here's more from ceo doug mcmillon on thursday's earnings call. >> we will do our best to keep our prices as low as possible, but given the magnitude of the tariffs, even at the reduced levels announced this week, we aren't able to absorb all the pressure given the reality of narrow retail margins. >> so most chinese goods, of course, are still facing a 30% levy. walmart says it's expected to hike those prices by the end of the month. meantime, the chair of the u.s. federal reserve says that supply shocks could force the central bank to keep rates higher over the long term. jerome powell also warning inflation could be more volatile going forward. the uncertainty is also changing how americans spend money. they significantly cut back on spending at u.s. retailers in april, according to new data. and that, of course, is when mr. trump annou

how the trade war is hitting walmart's bottom line. and what it could mean for the price you pay at other major retailers. >>> and the nuggets clap back against the thunder to force ao. hollywood legend michael j. fox is heading back to the small screen for the first time in years. "early today" starts right now. >>> good morning. good to be with you. i'm frances rivera. we begin this morning as the midwest remains under siege with severe storms battering the region. at least 11 tornados have been reported in minnesota and wisconsin, where the two cities in dodge county are grappling with significant damage. officials say so far only one person was hospitalized for injuries. in chicago, heavy rain delayed beyonce's first night of her cowboy carter tour, forcing concert-goers to seek shelter for hours before the show eventually went on. a ground stop was issued at o'hare airport, with weather-related delays stretching across the northeast to laguardia airport in new york city. more than 400,000 remain in the dark in the great lakes regi

. >> walmart dice que los precios de algunos productos podrÍan aumentar por los aranceles.Á esto en los bolsillos de los consumidores? casi el 70% hace sus compras ahÍ. estamos en el juicio de sandy holmes. su exnovia enfrenta el interrogatorio de los abogados del rapero. la defensa intenta probar que ella consintiÓ las fiestas sexuales. indignaciÓn en mÉxico por estas imÁgenes denuncian el maltrato fÍsico y verbal en una residencia de adultos mayores. la propietaria dice que eran solo juegos. y una ola de calor nunca antes vista azota estados unidos. a quÉ se deben estas temperaturas y cuÁles son los riesgos frente al comienzo de la temporada de huracanes? >> noticias telemundo con julio vaqueiro. >> buenas tardes. hoy el derecho a la ciudadanÍa por nacimiento llegÓ a la corte suprema en el primer dÍa de su gobierno. el presidente trump firmÓ este decreto para eliminar el derecho para los hijos de inmigrantes. aunque la constituciÓn lo garantiza, tres cortes menores frenaron esa orden ejecutiva. y ahora la pregunta frente a los jueces es estas cortes menores pueden bloquea

i was on the phone with doug mcmillon, the ceo of walmart, yesterday, and walmart is, in fact, the going to the as you describe it, eat some of the tariffs that. just as they did in 1819 and 20. the other thing though, that we are seeing that doug passed along to me that with their consumer, the single most important thing is the gasoline prices. gasoline prices have collapsed under president trump. america is pumping a little bit more oil than it did when biden was president. u.s. energy information office says it's about 2%, but demand has fallen even as opec increases. outfit. but yeah, gas prices very sensitive to the american taxpayer. the nonpartisan committee for a responsible budget says the republicans proposed budget could cause gas prices to go up by taking away clean energy incentives for electric cars and batteries. the thinking being, if americans choose gas cars over electric because the incentive is gone, that's more demand for gasoline. clean energy supporters point out clean energy means jobs as well. i spoke with the ceo of american clean power association. that's a lo

toys and electronics imported from china filled many shelves at walmart.ace an import tax of 30%. >> tariffs on countries like costa rica, peru and colombia are importing items like bananas, coffee and roses. we would do our best to control what we can control and keep food prices as low as possible. >> reporter: president trump's a 90 day pause on tariffs and chinese imports poses a new challenge for walmart as the company stocks up for the upcoming holiday season. >> where he can get a lot more challenging, we make decisions on things like halloween and christmas farther out. how do you make a quantity call? and what tariff number do you use? >> reporter: and nick is a consulted partner at the consulting group focused on retail. >> we are trying to absorb tariff costs, but we still have to raise prices. what does that say about the broader economy? >> retailers are all trying to do their best. they have set up command centers and are prepared for many different scenarios, whatever comes their way. >> reporter: the walmart wanting comes as ports are braci

posting on truth social, walmart should stop trying to blame tariffs as the reason. he then added, the retailer and china should eat the tariffs. the post comes two days after walmart's ceo doug mcmillon warned on a quarterly earnings call that prices may rise amid the president's trade war with china and other nations. >> even at the reduced levels, the higher tariffs will result in higher prices. >> reporter: walmart is a bellwether of the u.s. wealth. they said we'll keep prices as low as we can for as long as we can, given the reality of small retail margins. >> it is a tax people won't see directly. >> reporter: people we spoke to are did i ever i'ded on the tariffs. >> in the long run, it may have a good impact. >> reporter: also this weekend, tensions building on capitol hill as a handful of conservative republicans revolt over the so-called big beautiful bill. >> there were 16 eyes and 21 no's. >> reporter: five republicans voting with all democrats against the gop proposal, which includes $880 billion in cuts to social programs. conservatives say the bill do

walmart advirtió que algunos precios podrían subir en las próximas semanas. isabel pérez, nos amplía . una de las. >> tiendas. >> más populares entre. >> los . >> hispanos podría. ocasionar un revés. >> a los . >> bolsillos de sus . >> clientes . >> acabo de comprar en guama. >> y tiene mucha paciencia . >> todo ahorita está muy . >> limpio, pero. >> van a aumentar esos costos próximamente . qué opina? va a seguir viniendo ? >> pues cuando. >> tenga tiempo . >> sí, voy a. >> ver cuando. >> sí me. >> conviene . sí o no? me conviene. >> me compartió. que consiguen walmart los productos favoritos para. >> ella y su. >> familia. >> una tía que me encarga desde el city. >> a . >> diferencia de lourdes, sergio planea limitar sus visitas a la tienda minorista por ese próximo aumento de precios. >> un poco mal porque pues uno viene a walmart por barato. >> y es. >> que walmart anunció este jueves que podrían aumentar el costo de algunos. >> de sus . >> productos a finales de mayo debido a los aranceles, impuestos por el presidente trump y continuarían durante junio y