call it the walmart effect. if there was ever, ever any doubt about how much walmart matters to the economy, to the stock market, to suppliers and competitors, those doubts were put to rest today. walmart shares took abrupt 3% dive midday yanking the dow down with it after the press report said the company is cutting orders to suppliers amid sluggish sales and rising inventories. take a look at an intraday chart of walmart and zero in on that drop. right there, around 1:30 p.m. eastern time. as you see, the stock did recover about half of that loss after the company knocked the bloomberg article as, quote, misleading. a spokesman characterized any order pullbacks as category by category, not across the board. walmart did finish the day about 1.5% lower on two-and-a-half times normal volume. the episode served as a reminder when walmart sneezes others catch cold. names like costco, target, dollar general, dollar tree and family dollar and retrailers weren't the only ones feeling the chill. such walmart suppliers

i've got a bag over there that i bog at walmart and stuff in the bag that i bought at walmart. walmart is the whale for the unio unions. they have a private sector unionship under 7% much the workforce. membership is still declining and they'll constantly go after walmart. they want unionization, pure and simple. it will cost jobs in this country and mean price goes higher for the very people that the unions insist they're trying to help. it is not good news for this country. >> one thing i do know is that there are a number of other big box retailers that pay as much if not even less than walmart. they're not targeted because a lot of them are unionized. >> and a lot are not as big. these protests seem pretty mild. eye been to strikes where my dad let me play hooky and go to protests in new york. i would say these are pretty mild. i would say i think they're playing with fire in this economy. this is a bad economy. we're not producing jobs. people on the low end of the sort of -- the wage structure are lucky to have jobs. we don't produce that many jobs right now. this is a ve

why doesn't walmart learn from their example? >> well, i think walmart found that it's business model works very well, it is the most successful retail sales company in the united states, but they only -- they made $17 billion in profit last year. that sounds like a huge amount of money, and it is a large amount of money, but it's only about 3.5 cents on every dollar of sales, and they employ walmart employees worldwide 2 million workers, most of them in the united states. if you gave everyone of them say an extra $2 an hour raise and multiply that 1500, 2,000 hour as year and add additional money for benefits, healthcare workers are demanding, we would be -- those profits would largely disappear, the price of walmart stock would fall in half. pension funds would find losses, ed set tra. >> robert rice, quick response? >> well, i simply disagree. the numbers actually do add up in term of giving walmart workers and low wage workers a race and again, i want to emphasize and this is something that even henry ford understood in 1914,

because, critics say, with wall marts size comes -- walmart's size comes influence. >> walmart as 1.4 million employees and has a huge impact on the economy, the retail economy specifically. right now that economy is not creating jobs and opportunities for people working in retail. we want to change that. >> today ms green was back, protesting walmart's wages, along with former workers and supporters around the country. her hope is future employees can benefit from the sacrifice she made by speaking out. >> that report came from correspondent chris burey. >> the fight for a living wage goes behind the walls of walmart. bill joins us from the retail justice alliance. we appreciate you being here. we were talking about fast-food workers and their strike a couple of months ago, and now walmart. what is happening? >> we are seeing a frontage of what i call the movement of the unemployed. that's what we are looking at. underemployed. >> that's right. it's a segment of the population that gets little intention. it's a segment that has part-time jobs, temporary jobs and has to put a life tog

if you shop at walmart, cut back on your shopping at walmart. if you see that they are being punished in the market, if they see that customers say, you are being contemptuous of people. you are depending on taxpayer welfare for your profits and driving people into poverty through your policies and trying to drive workers at other places to the same level, if they see their sales fall, they will change. >> that is code word for a family who's spending a third of its income on food. walmart is a progressive success story. that's a quote from jason ferman -- >> inspiring workers for going on a labor practice strike. a legal protected strike. is that being -- they fired 20 associates for strictly going on strike. >> and i'm -- >> how was that them being progressive? >> you guys are all coming back, because this is valuable. and colby, thank you so much for being here today. i know -- i mean, you're in a tough circumstance and i appreciate you being here. and david cay johnston's on fire today. but speaking is -- so by the way, michael and fred and

a current walmart worker was arrested by police. they are on their way here, minus though three, to do their protest. there's to be a rally involving the two previous walmart workers who will speak. richelle. >> john, have you gotten a kneeling for how effective this will be, whether they think this is more symbolic than anything? >> you know, i think right now, they think it could be a bit of an uphill battle. but there's a trend developing. look at the fast food workers, there have been at least two strikes involving them and their grievances now. this isn't the first time walmart workers protested. black friday, last year there were protests at walmart store in 100 locations around the country. and it was as a result of that, that 20 workers were let go by walmart were let go for taking part in those protests and part of today is to try and get those 20 reinstated. there's a trend among low paid workers to try to go something about their conditions, richelle. >> custom of questions, first as you have been out there have you been

just outside of new york city. >> walmart, walmart. >> chanting at the edge of walmart's parking lot in valley stream. the protestors are allowed no closer. 25,000 a year, better conditions and benefits, and the rehiring of employees laid off during last month's protests. elaine is one of the fired employees. she says associates are afraid to speak up. >> you have associates who don't have money for food, don't have clothes to put on their kids' back. you are getting so much money and won't share that with your associates. >> security wan on to them. the walmart protesters attempted to walk all the way around the car park, but at the last minute they were turned back by security officers. >> the mall is private property. the people who exercise control of the property are asking them to leave property. >> in a written statement walmart session this group of demonstrators are primarily made up of union and activists, these opinions aren't representative of the vast number of people who work for us. critics say protests like these are whistling in the wind. there are ten people who wil

that's why walmart wants in. we're saying walmart the door's open, come on in but you must share some prosperity. we're not going olet you pay poverty wages in the district of columbia and on the back of these employees. it is unfortunate that walmart has employees that have to purchase items in wament with food stamps. >> why don't they call your bluff and say type, we'll go outside to maryland and virginia and not worry about coming in? >> the thing is walmart doesn't operate here and we're doing very well. we came off of $800 million of surpluses, the next four years, our, we have $1.5 billion in our rainy day fund, we have plans to create jobs in the next years, we have cranes and economic developments taking place. i was with the mayor just a couple of days ago, and with our marquee hotel convention center. in the nation's exam we're doing well, people are wanting what we have. we say come on in but you must share the prosperity. >> thank you for being with us. >> thank you for having me. >> and america toni

not just walmart. when walmart comes in, it's not knocking out the mom and pop grocer and the beauty salon. because those things don't exist where this is coming into anacostia. there's nothing there. so it's going to bring coffee shop, ancillary thing, florist, all the things that pop up because workers are not going to live a hundred miles away. they're going to live in that area and they're going to spend money and there's going to be restaurants. so it's developing a whole area. if they hadn't gone, if they were forced to go to the $12.50. ear's what you would have had in the anacostia area -- nothing. you would have the same lousy living eironment for everyone there and it would be horrible. now you have jobs, you have a chance for a community, this is a good deal. >> that will be the las word. >>> get ready for $6 a gallon milk. some farmers warning that congress better act fast or your food bill's going to move higher. thank you orville and wilbur... ...amelia... neil and buzz: for teaching us t

walmart a proxy a y for the eco, walmart is symbolic of all the problems we have or two walmart management is not doing the job, the story referred to earlier today referenced they had added inventory, basically three times expected sales, target two times expected sales which would seem to me to be bad management or at least bad inventory management. >> you would think -- >> how do we read it? >> walmart thuts they left market share on the selling floor last year because they didn't have enough merchandise versus other people. they're correcting that this year. whether that will prove to be a great strategy or not is yet to be seen. >> why can't they get it right? if they had too little last year and too much this year, what is going on with management they cannot see it clearly. >> isn't they have the systems some you wou some? you would expect them to have the best systems. >> why? because they're the biggest? >> it's performed dismally. >> i would expect them to have extraordinarily good systems given what they do. >> another interesting side to the story. courtney, no doubt you saw th

walmart. >>> where have you been, your highness? >> i've been thinking profound thoughts while sitting on the throne. >> really? usually when you're sitting on the throne you're reading the sports page. >> so easy to joke when you're just a commoner. >> well, i hate to burst your bubble, your majesty, but you might want to check this out. your great great grandfather wasn't adolphus king of belgium. he was adolphus king, of belgium. you missed a comma, genius. >> let me see that. you're right. nobody even liked him. >> he was the most hated happen in belgium. >> he wasn't a king. he was a royal pain. >> my family history, i found my roots go all the way back to scotland. >> to scotland? man, you wearing a skirt? >> in scotland it's called a kilt. >> well, in beverly hills it's >> well, in beverly hills it's called a man i'she just shopped at giant. she's got a receipt. we're gonna shop for the same items and see the difference. let's shop! kids get the after- school munchies? absolutely. even with your bonus card, you saved over a b

>> i think that the strike portion of the walmart protests will not change anything at walmart. if a specific pla is successful shutting it down they'll just shut down that location. what i do think it is possible, is that this is part of a larger conversation about the minimum wage in america, and the political nature of it. and i think in that regard, all e pple who are going out on strike have a real possibility if they connect with their political representatives in congress. >> okay and as we said, we did reach out to walmart for a comment. professor, we appreciate your pa of the conversation. thank you so much. >>> walmart's first profits are significant with over 30 billion earned in the second quarter of this year alone. their profits soar over the competition, walgreen's amazon costco, and target earned between 20 billion and 27 billion less than walmart. >>> j.c. penn evergreeey is loca court battle with macy's over licensing store's products. it is unclear how the decision will the deal, signed a 200 llion deal with martha stewart in 2011. >>> china's swong yee purcha

walmart is the company to attack. look at the profitability of walmart compared to other companies. there are a lot of other companies these groups can target but choose not to. you look below walmart at $7,726 per employee. the profitability on a store that provides -- >> they would never do apple. >> that's because they get paid a lot more money. >> why don't they offer more? >> if the company does well and earns more profit, the employees -- deserve to be paid more. i mean -- >> what a concept. >> it is called free market capitalism. the company is worried about losing their employees. >> they walked through this recession and done a very good job of taking advantage of people and making the chinese that much stronger. >> if you wouldn't minimize wage -- >> how about 20. >> 20 -- >> how about 25? >> i don't think you would get that high. >> why? why can't you go to 25? >> i would like to have a minimum make -- >> at some point you wipe out all the profit. that's miy point. >> what about all the companies walmart put out of business? >> how about all the companies that are relegat

i don't work for walmart. i don't represent walmart. but the facts are that most of these retailers -- they're all competitive with each other. most of these retailers are paying people at what you would consider to be a relatively low wage in this economy because these are non-skilled jobs, low skill jobs. again, if these people are unhappy -- and i wouldn't necessarily want to be working in those jobs trying to support a family, but i would be looking for a different job that paid more money. >> all right. we'll leave it there. good to have you on the program. thanks very much. >> thank you. >>> we'll get the other side of the story after the short break. we'll talk to an employee of walmart to talk about those issues. >> she was just arrested today. >> she was arrested because she was protesting. we'll be back with that interview. 15 minutes before the closing bell sounds. meanwhile the market up about five points. volume on the light side. >> we'll look at whether it could spell big trouble for stocks. >> after the bell, former fdic

is it a walmart specific problem? is walmart dead money or is the retail sector dead pressure? >> first of all, walmart refuted the report and we have seen the false alarms about walmart this year. and more importantly we are not getting confirmation who continue to raise guidance. i can't tell you that it will last forever -- >> how can you say that? we had a stream of disappointments. don't forget apple missed on their ipad number in 3 million units. i do think, you mentioned kors that is is a stock specific situation. the data is not conclusive. >> you are a bear on the markets. >> right now u.s. stocks are highly over valued. i can't imagine us having multiple expansion given the economic picture. i know it's a wishy washy answer. but that's where we are. >> i asked this because what you said about walmart is there are stocks that you like within the sector and that is reflective of your overall, reflective of the bearish overall market. >> here is the thing. it is stock specific in luxury. i think there are so many that are doing well right now. i don't think it's random.

depending on how much a person spends at walmart, it's $0.42 really that much? i don't think it is. >> thanthank you for joining us. the protest will continue here aat valley stream. >> native american leaders are gathering in north dakota to address issues of unemployment to healthcare. these are the same issues talked about when robert kennedy visited years ago. it seems that kennedy's legacy is still alive there. >> richelle, it definitely is. it was a big deal when robert kennedy came to bismarck. and at that time the plight of native americans had really been ignored. it was september 13, 1963 a tribal parade bound through bismarck followed by a picnic for 3,000 people. but it was the arrival of attorney general robert kennedy and his speech about the plight thaof the american indian. >> to stay on his reservation or leave it, but that freedom amounts to precious little. >> reporter: among the strolls highlighted were poverty, under education, disease. [♪ music ] >> reporter: kennedy's words have been echoing through the united tribe summit this week wher

walmart, courtney reagan doing excellent reporting. walmart is coming back. more into the name, what the latest developments are. amazon sending a shot across apple's bow. will its kindle take a bite out of apple's dominance. two hours away from the race captivating america. how oracle may set sail on one

for a nationwide protest against walmart. ♪ it has been a week since the u.s. president told the world he would take military action on syria but there is opposition to military strike at the g-20 summit at the world's richest nations in russia. we now go to st. petersburg where that is taking place and peter sharp is standing by. and as we see along with the economic and financial agenda, barack obama was at the summit, also pushed for support for intervention in syria, how has he done with that? >> well, really the whole war clouds over syria is totally eclipsed what should have been a solid economic conference. if president obama felt this was going to be easy he will have been mistaken and it was always going to be a hard sell and the president has faced real difficulties in persuading members of the g-20 that their interests lie in supporting a u.s. strike against syria. in fact, the only countries that he can rely on within the g-20 who would approve military action by america would be france and turkey and saudia arabia and he will return to washington l

this is crude oil, wti versus walmart. obviously as we see here, this recent spike in crude to 110 a barrel has had an equally and opposite effect on walmart. walmart is reacting quite aggressively to that. if there's more coming, walmart has more down side here. we have broken trend and the presumption of lower prices. take a look at the long-term chart. what we're looking at is another 7, 8% to fall back into the range from which we broke out. 7, 8% move is a fairly small move. for a low bid stock, it's a big move. >> mike, what's your take on walmart and are we getting bearish because of an exepected rise. >> at best, walmart is going to be probably fair market value. if i were to make a bet, i'd go with carter. the options are cheap. i can buy a november 70 put. i can pay $1 for that. it's close to where the money is. it's relatively inexpensive. i'm taking advantage of the fact that this has not spiked a whole lot. if it goes down, i can take it off at a profit. >> would you do that? >> yeah. mike makes a bet on a che

jobs. >> there are plans to open five walmarts in d.c. it set off a major political battle on how much they would pay their employees. >> that battle is over and walmart won. tom sherwood stopped by the job center today. >> okay. we have a wait on the computer. you have the option of doing it at home. >> reporter: hundreds of people were applying online. some were just showing up monday at two walmart job centers that were opening. this one on eastern avenue at georgia avenue northwest. people were hungry for the 1,500 jobs at walmart. they are making the first move into the district. despite complaints, many jobs are lower pay. some thought walmart doesn't pay enough. >> i mean a job is a job. it's hard out here. it's hard to get a job. if walmart do call me, thank you. i won't let you down. >> thank you for coming. it's our privilege to have you here today. >> reporter: near union station, they had college and retail experience and said they mainly wanted a chance. >> like with any career, i think you should start at entry level and wor

trying to drum up some sort of support for unionization in walmart. so we may get a little bit understanding when we actually meet some of the people who come out here at this location later this afternoon at 4:00. clearly of the 15 cities there will be these protests at these 15 locations across the country. >> kerry sanders in florida, thank you. >>> it started out bad and only

walmart says the company has done nothing wrong. joining us now from los angeles is our jennifer london. jennif jennifer, i hear there have been a number of protests today and arrests as well. >> reporter: indeed there were, john. all in all 21 people were arrested today.

walmart pays security guard $12 per hr sales associate $11 per hr a walmart security guard makes 12-dollars an hour. a sales associate $11-dollars. despite selling electronics full time for eight years at warlmart, charmaine givens- thomas' pay qualifies her for government assistance. walmart employees want 25- thousand a year and also reinstatement of fired workers such as tyrone robinson who participated in strikes including one at walmart's arkansas headquarters in june. fired for protesting? walmart denies wrongdoing with the following statement: "no associates were disciplined for participating in any specific protests." but walmart is now accused of violating federal labor law. it is not an easy time for hourly workers. there is increased competition from those who've slid down the income ladder. and for some, it still hasn't gotten better. three weeks ago walmart cut its profits forecast for this year. it follows last year's 4.6% drop in profits. nonetheless, the world's largest retailer still made 15.7 billion dollars in 20-12. august job gains 176,000 nationwide also from the labor

walmart says the company has done nothing wrong. joining us now from los angeles is our jennifer london. jennif jennifer, i hear there have been a number of protests today and arrests as well. >> reporter: indeed there were, john. all in all 21 people were arrested today. we're told nine of them are current walmart employees. the arrest came at the end of a protest and march here in l.a. that was part of the nationwide day of protests against the retail giant, walmart. the protesters began here in los angeles earlier this afternoon with a rally and a martha started in downtown los angeles. they marched for a little less than a mile and a half, and then they ended up at the gates of the chinatown neighborhood here in l.a. the protesters were arrested peacefully. they were taken into custody for unlawful assembly and failure to disperse. all told, there were about 450 people involved in the march and protest. among them, carlton smith. he worked for walmart for 17 years working up to a department manager, and he says quite simply, eno

call it the walmart effect. if there was ever, ever any doubt about how much walmart matters to the economy, to the stock market, to suppliers and competitors, those doubts were put to rest today. walmart shares took abrupt 3% dive midday yanking the dow down with it after the press report said the company is cutting orders to suppliers amid sluggish sales and rising inventories. take a look at an intraday chart of walmart and zero in on that drop. right there, around 1:30 p.m. eastern time. as you see, the stock did recover about half of that loss after the company knocked the bloomberg article as, quote, misleading. a spokesman characterized any order pullbacks as category by category, not across the board. walmart did finish the day about 1.5% lower on two-and-a-half times normal volume. the episode served as a reminder when walmart sneezes others catch cold. names like costco, target, dollar general, dollar tree and family dollar and retrailers weren't the only ones feeling the chill. such walmart suppliers

also, walmart and the walkouts nationwide. how many people are really not on the job today and what does it mean for the union movement? stay with us. ♪ hout history, folks have suffered from frequent heartburn. butetting heartburn and then treating day after day is a thing of the past. block the acid with prilosec otc, and don't get heartburn in the first place. [ male announcer ] one pill each morning 24 hours. zero heartburn. [ male announcer ] one pill each morning if you've got it, you know how hard it can be to breathe and man, you know how that feels. copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. you know, spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicine

and sure, investors should pay attention to what walmart says and what's happening at walmart. but i would also points out that other -- there have been a number of other retailers that have been doing quite well. look at the off-price apparel retailers, tjx which is tj maxx and marshals, growing quite well over the past several quarters and had a nice second quarter, and up about 4% same-store sales growth. the dollar stores have been doing well. so there have been some pockets of strength. you know, walmart is not alone with its negative comps. target also had negative -- at least negative traffic in the second quarter. but i think there's some company-specific issues at walmart as well that are contributing to that. >> very quickly, in that space of discounters, the dollar stores, walmart, target and others, which one do you like best? >> well, i've been big on the dollar stores. five recommendations on all three. my top pick within that space has been dollar tree and i've been big on the off price apparel space, as well, recommending tjx for some time now. ross stores, whic

walmart and washington going head-to-head. can the super store afford to pay their part-timers another 4 bucks an hour? >>> no fancy title, no gigantic castle, but he's pippa's pick. is another middleton ready to get hitched. "newsroom" starts now. >>> good morning from washington, i'm carol costello. we begin with the crisis in syria and new developments holding the world's attention. the u.s. military sends a new warship into the red sea. today united nations inspectors send to a lab the evidence that can prove chemical weapons were unleashed in syria and in washington the results are viewed as a mere formality. here's secretary of state john kerry. >> it has tested positive for signatures of sarin. so, each day that goes by, this case is even stronger. >> and making the case to congress, president obama faces push back from both parties and his call to authorize military strikes. >>> and take a look at this, the syrian electronic army. the same group that took down "new york times" gets hacked into the marines official recr

and i'm colleen a walmart mom blogger. and i'm going to show becky some delicious breakfast choices that will make her family happy. let's go! ok. so does your family like cereal? they love it! oh, then i got some great news for you! ok! check out walmart's huge selection of cereals. oh, wow! my kids' favorite. and more than 100 of them are under 130 calories or less per serving. really? so you can feel great about serving it to your family for breakfast. nice! walmart has over 100 cereals with 130 calories or less per serving, including these cereals from general mills. and walmart's prices won't be beat with our low price guarantee backed by ad match. walmart. >>> good luck. ♪ i want you to make me feel like i'm the only one that you ever loved ♪ whoo! >> what were you doing with the telephone? >> i was seeing the lyrics of the song. >> could you actually read them? >> jimmy: that is "the x factor" season three. tomorrow night on fox. >> that was one of the better singers. >> jimmy: one of the better ones? >> yeah, n

bring your last grocery receipt to walmart and compare prices. you'll see for yourself. >>> we've all got a favorite celebrity. mine is justin timberlake. downloading an ap about your favorite celebrity is becoming more popular and definitely not stalking. >> to feed our insatiable ap sight for all things celebrities, it seems they now have aps. it's the first step towards getting into your pocketbook. chris brown's ap is a little flashier. there's photos. angry chris from the front, side, other side. you can retweet. there's a store and feature where you can assemble videos. of course the official kim ap opens with a creepy cam that's boring. you can see maps of where to buy her perfume and and the prices. britney spears' ap lets you photo shop yourself as brittany's backup dancer. that looks about right. to turn on a sparkler, i don't think it does anything, but just supposed to look at it. there is a reba ap. you get the usual news, videos, but also photo frames so you can look like you've met the country star yourself. until i get my own ap,

here at walmart you save over $2 on capri suns. wow! that's amazing. here at walmart you saved over $1.20 on cereal. that's good stuff! o.k. big moment. same items at walmart... $91.56. that's a savings of over $15 or 14%! yes! bring your last grocery receipt to walmart and compare prices. you'll see for yourself. we will reveal the categories in this double jeopardy! round, from which you will make your selection. we start off with... you have to name the athlete who spoke each line in a movie. for instance, if it was "what is a.l. and l.a.?" okay? colby, start. athletes' film quotes, $1,200. kristin. who is brett favre? yes. cathedrals for $400. keith. what is notre dame? yes. the health business for $400. [ beep ] 1-800-dentist. keith, back to you. okay. cathedrals for $800. kristin. what is st. paul's? no. colby. what's st. patrick's? st. patrick's cathedral. correct. mayors of nyc, $1,200. keith. what's the subway? yes. mayors for $1,600. colby. who's clinton? dewitt clinton. yes. film quotes, $1,600. colby. who's karras? alex karras is the man. f

walmart is coming. are hiring 700 employees. >> 65 questions and they let you know if you pass the test or not. i passed. i am praying. >> those being screened at this office would work at the georgia avenue store which is projected to open before christmas. hopefully i will be a walmart employee. time? hired this many more are coming. walmart plans six stores all over d.c. also coming before christmas, this one on h street northwest. likes i was not worried about getting enough applicants. >> i am unemployed right now. it is very important. x walmart is telling people to apply online. it was the ones that art he had that came in for interviews. well.interview with they're going to call me back as soon as possible. >> wal-mart said it was part of hiremayors one city, one program. the city prescreened a number of the employees and sends them medr to walmart already dee qualified. the spokesperson said while the legislative battle was going on they were lining people up for walmart. center, it is going to

there because of walmart. charles: thousands of jobs, people who are smart, you can compete agast walmart there are a lot of ways. >> i want to shift. doctors don't understand it, now administration they keep changing it. talking about a new report that shows healthcare law has been amded or delayed 19 times already, dee dee this is a train wreck. >> you know it is telling when everything changes, they are doing because they are scared to death of democrats they are going to lose across the board, no body wants it unions don't want it, unions are like we don't' it we're out of here, they promoted it but now they know how terrible it is. and forget members of congress they sure the heck don't want it. they set themselves out of it. >> two things i can assure you of, democrats did not feel that republican reaction to obama care will hurt them. charles: what about public reaction? >> we'll see about that. that could be a fair point. >> why do they keep delaying. >> there are actually technical reasons, but point

the whole walmart business model is based, and they make a valid point. one quarter of their workforce has been with them for 10 years. they can't be all that bad. those speaking to me directly today on the telephone. but i do think there is a movement afoot in this country. not only with walmart protesters this is not the first time we've seen that, but low wage restaurant workers. once upon of time these students were meant for students and those starting out in life, but now for economic reasons they are jobs that support an entire family. if there is anything that walmart and these restaurant chains can do is something about that, we don't know, but there is a movement in low-wage america who is determined to have their say. >> thank you. how about this for a footnote. mike duke took home over $23 million last year. what does the average walmart employee earn? $22,500 a year, which is below the u.s. poverty level of family of four. that's a ratio of 1034:1. okay, some positive news on the labor front ahead of tomorrow's key august employment report. w