. >> caller: i'd like to talk about costco the stock peaked at $612 per share. two questions, what needs to happen for the board of directors to split the stock today costco is down to $498.83 per share with an annual dividend rate of $3.60 per share. on the other hand, home depot closed today at $297.03 with an annual dividend rate of $7.60 per share. >> right. >> caller: should i move my money out of costco and buy home depot? >> i happen to like home depot and lowe's too costco has been one of the biggest winners we've had. i'm not backing away from it they have the power to do a special dividend and they're not as much interested in a split as

again, i mentioned costco. i think costco is among the best. that said, target really did turn themselves around the last couple of years and has also been executing well. and talking about executing within inflation, it is trying to get your pricing right while making sure you are able to control your costs. walmart did not do this. we expect something different from both target and costco. guy: what does the gasoline price due to this a question? i can drive to a costco and buy a lot of stuff. i may make savings as a result. but my cost to get there might be greater. how do consumers reconcile that equation? gas prices are up significantly, therefore they probably do not want to drive as far. that when they get to where they are going, they may get a better deal. how does that work? mark: a great question. i cannot say i know exactly how it happens. but one thing that is curious is that driving to costco or target and walmart, the same way. target, interestingly, you do not have to drive as far generally for that. so there consumer is closer

costco earnings. don't want to miss those don't want to miss seeing what the stock does be with mestor scott black will stephanie link will be with me dan with be with me as well. looking forward to that. i want to show you a couple stocks before final trades nvidia, that stock -- we'll call it the highs of the day, up nearly 6%. a nice comeback there. as we explore whether the market is trying to put in or has put in perhaps a short-term bottom i don't think anybody is trying to declare the bottom but maybe a short-term bottom. snowflake, stock number two. down decidedly earlier today worked its way back, turned positive within the last ten minutes and is sticking there. final trade, jenny harrington, in the house, you go first >> new york community bank 6.9% yield and i think dragged down with the small cap stocks it's a great company operating well >> okay. josh brown >> congrats to jon and pete pulling long on nvidia yesterday. i'm long b nvidia thing, doc, il go to you now. i said to pete, gutsy,

even after some of the carnage we have seen, eespecially after the carnage, if you haven't own costco, maybe now is to take a look i would rather be there than in pure retail. look at the way they tend to behave against the ism manufacturing. they move in opposite directions if you're looking at retail, i would rather a costco than something like a macy's or something pure retail. >> the customer base seems to be stickier in an inflationary environment, if you're buying a pallet of paper towels, you'll get a discount. >> you would hope so, right? here's the thing, though, right? some people have to be long. if you don't have to be long, wait these things are going to get bombed out i'm certainly not short this down, 12%, but i think you have to way and see how bad the damage is and how much demand destruction is before these things become touchable. >>> tony, by the way, thank you. >>> be sure to tune into the full show friday at 5:30 eastern time >>> transports with its worst day in nearly two years. what the weakness means, we'll discuss next and looking at the key levels to > refa

costco, big lots, gap among the names reporting. >> the broader markets on track for their first weekly gains since march. we've talked about the ups and downs regarding differen sectors. but first equity inflow in seven weeks as well. >> it's that time. fun flows reshgs balances, a lot of people not willing to take any risk at this point but that has or tends to have to potentially have a positive impact as we near the end of the month, right what do we have? one more trading day, right? >> one more trading day. holiday weekend. people are in good spirits. >> are they? >> well, i don't know. everyone was saying, bear market rally, kind of been the -- >> feel better after this week if you were long in the market given the gains we've had. no to dutt about that. >> given the inflation print, maybe able to afford hot dogs better >> costco didn't raise the price of the hot to dog combo. but there's a lot of talk about bear market rallies. i mean, make santoli has all the history on them. that is another question, that's what we're in the midst of right now. >> whether it's sustainable. a n

costco's down for the year and not as bad as other retailers. i think we'll not see that going forward. co costco wastes it, better than amazon, better than target as we get to the fall, that's where consumers will be just fine >> costco will call you and use the next bite in the next commercials. >> it's just a fact. look at the price of cheerios. per ounce it's 20% less at costco than it is at walmart. >> you need a front end loader to bring the cheerios home >> two boxes instead of one. >> i want to ask you about this and that is rising gasoline prices if gasoline goes to $5 and $6 a gallon how will that impair the consumer who may want to go to home depot or may want to go to walmart? are they going to have to postpone some of those purchases that they otherwise might make >> i think it pushes them to walmart, pushes them to target, pushes them to costco. what consumers cut back on are more discretionary items like the department store segment and they've never fixed their strategy when things are good they'll say we still have more work to

costco does a gigantic retailer. they're big. and when they say that they screwed up of which periodically, of which i can't recall any time that they screwed up, you know what they say? they say we screwed up we didn't do this right. we had the wrong merchandise they don't say, you know what, the times are difficult. we're not sure exactly what to do maybe we have too much inventory. that is not the way they play. brian cornell can be so difficult himself that i cringe how difficult he can be. cringe >> because you suggest it's pure execution issue, the market itself isn't hanging on what walmart didn't do, it's more focused on where we've been in the marketplace. if this was an issue beyond execution by mcmillen and team, maybe the market would have a different reaction this is -- walmart is down home depot is up and the market is going to be up nicely as well trying to figure out if we're getting this bear market bounce or not or if it has any kind of staying power. >> three weeks ago, walmart was at 160, there's your bear mar

w we were inclined to buy more costco today we decided to hold off why? because the market is too fickle too fickle to make a stand jim in florida jim? jim? >> caller: jimmy chill. >> how are you >> caller: i'm wonder. this is jim from naples florida. i want to thank you for the help and wisdom throughout the 19 years i've watched you my question is on webber grill i mean a staple company in the united states, but the stock down more than 46% year-to-date, do you think this as is good entry point. >> i'm so glad you mentioned it. and i couldn't believe how this stock has just fallen apart. it is a real company and it can make money. and i think at this point in $6 it is a buy. but, sir, i have no catalyst, i don't know what gets it back to $10. i know that at $6, i do not think you could get hurt at this price on webber. but you may have to just wait. it won't go up overnight while retail is off right now and some it is just a battle ram, it is not awful tjx is a buy and foot lock ser a trade and much more "mad money." we've endured so much pain so could

costco is money in the bank. gary in alabama. >> caller: thanks for taking my call been following you for 20 years, always enjoyed that show as well made thousands of dollars on your advice. can't thank you enough for that. >> thank you, that's fabulous. >> caller: back in november we both jumped into paypal and i want to know what to do with that stuck just like you are. what do i do >> guy comes on your show, stocks 180 everything's fine, looks good, going to do fine, then you lose 100 points answer is i don't know what to say about paypal other than fact it stinks. back with cramer (all): all hail, caesar! pssst julius! you should really check in with your team on ringcentral. oh hi caesar. we were just talking about you. yeah, you should probably get out of here. ♪ ringcentral ♪ with my hectic life, you'd think retirement would be the last thing on my mind. thankfully, voya provides comprehensive solutions, and shows me how to get the most out of my workplace benefits. voya helps me feel like i got it all

. >> caller: i'd like to talk about costco the stock peaked at $612 per share. two questions, what needs to happen for the board of directors to split the stock today costco is down to $498.83 per share with an annual dividend rate of $3.60 per share. on the other hand, home depot closed today at $297.03 with an annual dividend rate of $7.60 per share. >> right. >> caller: should i move my money out of costco and buy home depot? >> i happen to like home depot and lowe's too costco has been one of the biggest winners we've had. i'm not backing away from it they have the power to do a special dividend and they're not as much interested in a split as they are just making a lot of money for you. that's a great company i'd be a buyer of it but in stages, because these very high dollar stocks are being very hit hard by people who are panicked. we don't want to take the panicers out of thafr eir prices we want to wait until they're done and then buy. so i'm going to say it again like i said in december, january, february, march, april and now may. put cash in work on r

. >> and costco shares lower despite reporting a beat, revenue earnings of 304 a share. courtney has the latest from the conference call. >> the conference call is just ongoing. cfo on vacation in italy being run by the evp, bob nelson and so far he has talked through comparable sales saying they've grown 15% for the full company if you strip out fx and gas which, of course, is a pretty important metric with the gas and inflation the sales growth is shy of 11% for the total company. united states was the strongest division digital sales in total up 7.4% store traffic up, average transaction up too and more than the ticket best performing categories, actually a lot of them, candy, sundries, tires, home furbishing and apparel and underperforming categories included liquor, office, sporting goods and hardware membership fee revenue up about 9% with all-time high renewal rates and costco is not making any announcements about increasing the membership fee today ahead of the typical timing bob nelson said particularly as consumers grapple with higher levels of inflation it las

i would think among other things there may be more costs in costco right now one of the things that might be helping them is revenue from gasoline sales >> for sure. that's absolutely that will help drive traffic for sure but they have the executive members are about 71% of total revenue and they also have a limited assortment model so they're more flexible, to the extent that we have disasters from walmart and target, i think costco can hang in there and it is 5.2% and gross margins, 11.2% flat everyone's looking at gross margins for the retailers and so that's going to be a very important number i think it's going to be a good one and it's too expensive and still, it's down 26% year to date and it trades at 31 times forward and i want it to come down more for me to buy. >> if it goes up, it's good, if it goes down that's bad. though some of the luster has come off it, nvidia. >> yeah. this one is down year to date and it hasn't really gotten real cheap yet, but i do think the quarter is going to be just fine data center. we know enterprise spending on a.i. and high-performance computing

costco, i'd like to see it down to 35% down. i'd buy more of it i think it can get hit badly because of the environment >> final trade in. >> john deere. i uglike this for the long term. >> jason, your final >> i like abbvie almost 3%. i think it plays well into this environment. >> i'll show you the market as we go out. officially a bear market i'll see you later "the exchange" is now. >> thanks, everybody let's repeat it once more with emphasis it's officially a bear market. the s&p down 20% from the record high the 24th. and dow is on track for the monthly losing streak. and says powell needs to go big and now. why the case for further tightening remains strong.

costco, however, is reassuring its customers. hotdog prices are not changing. this is good. they do. they also say don't believe everything you see online, just maybe go to your local costco and get the hot dog knowing that it's a buck 50 delicious. all right. coming up, celebrations in the castro. we're taking a look at the crowds gathering to >> well, dozens gather this weekend to remember harvey milk and his contributions. >> on sunday, the castro was lit up with celebrations and has honored yesterday would have been the former supervisors 92nd birthday. he dedicated his work to lgbtq rights and uniting communities. city and state leaders and community organizers all say it's more important now than ever to carry on what milk has taught us. senator scott wiener speaking about the current threat to reproductive rights as the leaked opinion from the supreme court reveals roe v wade may soon be overturned. >> but with hard to say, if you or your that, would say number one, get out of the street, which we will do. number 2, you've got win elections. we have to win elections.

>> i think you look at costco specifically that is one of the best retaretailer retailers globally it is the best in class. think of the michael jordan. in the business, it had a great mentor who said trim all the way up we don't tell people to sell costco as far as the other guys, our big focus has been companies with specific initiatives that can drive better earnings than people are thinking. we also have been looking at valuation compared to the past although we took it seriously. target is one of the more under valued retailers one of the top picks for 2022. clearly, they are an amomni channel superhero. they own shipt he and his team transformed that organization over the last seven years. we don't think they get the credit they deserve. walmart is a safety play we have concerns with the low-end consumer or middle they are under a lot of strain we worry about the non-grocery business of walmwalmart. you can back up the discretionary spending and product depending on the consumer >> wayfair down 26%. et et etsy down 17%. are we just not going to buy from online retailers? you say

. ♪ >> fish reactions. [ cheers and applause [ laughter ] >> jimmy: and finally, costco has confirmed that despite inflation, they will not raise the price of their $1.50 hot dog and soda combination [ cheers and applause although it's a little concerning when the price of meat is going up but costco is like, "not a problem." [ laughter ] we have a great show josh charles is here tonight [ cheers and applause from the new movie, "top gun: maverick," bashir salahuddin is here [ cheers and applause and we got great music from onerepublic. [ cheers and applause come on, let's go write some thank you notes. come on, let's do it ♪ today is friday. i call it "fri-yay." >> steve: "fri-yay." >> jimmy: yeah i call it "fri-fri," but either way, i always have to write -- i have to catch up on some personal stuff i have to write out some "thank you notes. so right now, if you don't mind, can i write them out in the middle of the show i'm sorry. [ cheers and applause james, can i -- can i get some thank you note writing music, please ♪ >> jimmy: oh, he is ready for the weekend. >> steve: oh, m

costco would be the go-to. that is pretty steady. i don't think it will be a walmart blow up or target blow up. i think costco is in a different lane. that lane will be rewarded. after last night we saw more kindness to stocks that report. charles: we didn't see it last night though. we sue saw knee-jerk. got it this morning t happened the day before with a couple of stocks. >> true. charles: maybe we're at that point, don't knee-jerk whatever you do. ken, great stuff. wish which had more time next time. >> all right. charles: always want to hear from you whether a comment from the show or question. one viewer served two terms in the army wrote me, tell you how much i enjoy the show. a student of market, i still learn something from your show every day. you have the best business show for the individual investor. i like your attitude. your story is similar to mine. i grew up with little money manage our five accounts the way we want to. we have a nice retirement and core dividend stocks. that is what i work for, folks. speaking of wh

costco earnings were in line with estimates and revenue topped expectations. store shares fell short. >>> instacart is slowing hiring as it preparing to go publicall it is the latest to talk about it meta and twitter all said they are slowing hiring of not talking about pink slips >> bertha coombs, thank you very much see you later on it has been all smiles for the u.s. markets this week as the major averages look to snap multiweek losing streaks dow and s&p up 4% so far the nasdaq is not slouching. up 3.5% this week. all three remain off the 52-week highs. the nasdaq dug deep into the bear market territory. tech heavy index is down 27% from the record highs set in november let's bring in dara d'auria at invest net i wonder as we look at the markets, dana. the bears have a compelling case about why there's more downside ahead and the bulls can say this is a bottoming process this is as deep as things have gotten since the great financial crisis with pull back. we have seen it before with the covid pandemic maybe it was a onewone-off situation. >> thanks for ha

there's a bear case against costco you mean to tell me after walmart and target get crushed that costco somehow won't? are they immune because they have some sort of membership model? isn't it just another retailer at the end of the day. they said, you got to stay away from that one, toxic for amd, all the bears have it easy in this one do you really think they're so good that they can side step the types of problem that dragged down cisco last time they beat the numbers, the stock went down anyway why even bother with amd why? it didn't even do well last time isn't it time to take the lumps and move on? go home? last time they got hurt by slow youtube numbers in europe. next time, will it be all of europe easy to say you should get out while it's still relatively good if i had no hope, those are the arguments i would be making. they're all legitment. one are these are all what i call core holdings high quality companies we have tremendous faith in. the trust has owned these names for a very long time, and i don't think this challenging moment is any worse than any other challenging mom

the assumption was they may have issues the expectation is costco is different. they may be able to out perform this i think there is going to be a huge story to continue to watch with the big giants and how they are now going to turn on suppliers and put the screws in. i heard cases where it is happening. if you remember walmart and target saw their worst stock performance since 1987 that kicked the companies to say to the suppliers, no, no, no we see the margins you will change. i heard from suppliers who gotten those calls. >> a downgrade by ubs of kraft-heinz yesterday to sell based on that premise. walmart said about how they are going to deal with things like that >> by the way, you will not get the shelf space. >> private label not a threat to the product. we will see. >>> shares of gap are plunge in in plunging they are seeing surging freight costs and deeper discounts gap sees the profit with between 30 cents and 60 cents a share. estimates at $1.34 the product at old navy is out of sync as shoppers ditch casual wear for other apparel it fell 22%. the ga

look how much better costco did versus target? some of this is company specific, home depot versus walmart. different businesses but managed properly you focus on the strength of the consumer you will do just fine. charles: phil, let me jump in one second. i have a lot of stuff i want to go over with you and kevin. last time you were on you said the consumer was strong. i tell you my twitter feed was outraged. they don't believe you keep saying that. >> i do. charles: do you have any poor relatives, any relatives who are middle income? is everybody in your family wealthy because there is major divide between the haves and have-nots right now. things have gotten worse. stimmies run out. all the extra money is gone, i'm not sure where this strong household stuff you're seeing is coming from? >> it comes from, when we look how of people owe versus how much they make, best it has ever been. yes if you're making $50,000, paying five dollars at the paymentp hurts no doubt about it. instead of making 45 last year you're making 50 or 60 t

we want two pairs of those costco earrings not just one pair what's going on, rudy? rudy's tacos, pretty good here >> what did you mean when you told that guy you were going to see him tonight? >> reporter: well, he literally stood over here and he's like are you the cnbc loudmouth or something like this. yes, that's me and literally we're just chatting and we're going to be doing our show live from here. >> nice. >> reporter: so the restaurant that's letting us in is doing us a solid. so i'm going to do them a solid. anybody that's kind to us on cnbc, come on in get some beer. get some wings, pay the restaurant back because we're going to show them our time -- they're letting us there for free trying to bring them customers got to do it pay it forward >> like a town square. >> reporter: rudy's tacos and get some lunch how are you doing? >> as he lurks brian, thank you very much >> reporter: scaring people in davenport. see you tonight. >> our brian sullivan. he mentioned deere the investor day is under way and a dire warning about the state of farming right now seem

real people, that taxi driver whose bill went from 800 to $1200 a month in costco. they get hurt because the real value of the real dollar university hurts them in the pocketbook. charles: i wish i had more time. you guys are everywhere. you have a gazillion miles. you're both killing it. thank you for taking time to be on the show. appreciate it. >> thank you. charles: today the action has been a coiled spring. look at the screen. feels like the spark will come after the close. i'm talking about earnings. nvidia number one. snowflake, we have a parade. we'll go through, handicap them for you. maybe you should be buying one. we'll have market pros, garrry kaltbaum, phil sh-ack up next. ♪ your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire (mom allen) verizon just gave us all a brand new iphone 13. (dad allen) we've been customers for years. matching your job description. (dad brown) i thought ne

there's 2 ducks, the russian costco, close neighbors giving you a solution that was will unless there's a source now. oh good. it's a gives us diane. you can use up to the a on so much it did he did. it was also a militia. now, i'm on a new system welcoming. still my with the blood with sun that on there you go with me or send me to send you myers? yes, i'm a specialist with my other funny shows or can you me put a fishy? i use a border. yes. it does help with a brochure, ah, no older. so that is collected, but also just to put that on a conventional and you're just a newer version of the store along with solutions to the most estimate of impressions and then you move in. yeah. okay. lemme encoded bunkerville and jessica, i am your photo id with a nuclear bomb with similar kind of a sudden interested question. a. 6 sam can have a nuclear because i'm a block i live, a budget is pretty busy and i'm scholars. i got a deal with really it goes by seeber with the city. it's because it's like you can literally a keep it you get that's good. that of course, a got us because you're with worse mi

we know stu loves costco. he loves their hot dogs and he's probably in there eating one right now. >> too much information but okay. um, yeah, so costco is on track for its first-ever $200 billion sales year, but you know, inflation is cutting into its profit margins, and that's despite a huge, and i mean huge first quarter same-store sales up double-digits, up 10%, but despite that, costco actually disappointed because it's a case of high expectations and wall street expects costco to blowout each and every quarter. now costco is also raising prices on some of their items, because of higher prices and inflation, so as a result they made a 1% less in profit on each item sold, so that's not a good trend and as you know, wall street likes to look at those trends. i think stu is willing to spend but he's willing to spend on higher-end items like oh, i don't know, land, for instance instead of i guess bulk cheeseburgers. ashley: he opens his wallet in all those moths fly out. it's quite something. >> [laughter] as

i did not realize that they were so busy gasoline at places like costco. amazing. madison, thank you. madison joining us in new jersey from a costco. coming up, the white house under fire. my next guest is taking a aim at president biden for failing to control the violence against supreme court justice. stay with us. meet jessica moore. jessica was born to care. she always had your back... like the time she spotted the neighbor kid, an approaching car, a puddle, and knew there was going to be a situation. ♪ ♪ ms. hogan's class? yeah, it's atlantis. nice. i don't think they had camels in atlantis. really? today she's a teammate at truist, the bank that starts with care when you start with care, you get a different kind of bank. lemons. lemons. lemons. the world is so full of lemons. when you become an expedia member, you can instantly start saving on your travels. so you can go and see all those lemons, for less. xfinity mobile runs on america's most reliable 5g network, but for up to half the price of verizon so you have more money for more stuff. this phone? f

it is why people are lining up at the costco. we were here this weekend seeing the lines costco costs 20 cents less. 4.22 per gallon over 20 cents cheaper than the new jersey average price of 4.47 per gallon. other retailers like wal-mart are trying to entice americans with cheaper gas announcing recently that wal-mart plus members get 10 cents off per gallon at their over 14,000 gas stations across the u.s. the push someone needs to sign up for a membership when you look at the trajectory of these prices. >> there is a possibility that the national retail average price hits $5 a gallon. that all depends on the ability of the oil markets to come up with alternative supplies to russian oil. >> now, bill, he said the government has done a little bit to increase oil production. private production is up to 700 rigs. that's a 60% increase from this time last year. we're looking at high prices to expect an increase of 5 to 10 cents this week. >> too high. >> dana: there are new concerns how long term school closures are affecting stude

there's 2 ducks, the russian costco dressmakers give him a solution that was will unless there's a solution that oh good. it's and get those us diane, you use up to the a on film. it did we did. it was also a lot of money that i missed a some welcoming still my with the blood. with that sure me or send me to send you minus yes. almost before when i'm not sure when somebody but i to annual us to give them what was the amount of money to share store? can you me put a fishy? i use a border. yes. a huh? no older. so just collect a just to put it on his finger. sure. just a newer version of the store. yeah. now with some illusions too. yeah. pretty much the estimate of impression is less then you move in. yeah. okay. lemme quoted bunkerville and jessica, i am your photo is with a nuclear bomb with a sudden interested question a. 6 sam can have a nuclear because i'm a block i live, a budget is pretty busy and i'm scared with really it goes by seeber with the city. it's because we had skipped lunch. you can literally a keep it. you get that good to talk with you and you were ya a so dorothy period

i bought this knife, there's 2 ducks, the russian costco, chris, and i just give him a solution. it was a solution that oh good, it's and give us diane in you can use up to the a on film it did cuz he did. it was also a listener. i'm on, but it needs to sub welcoming still my with the blood with this show me or send me to send you myers? yes, i'm with specialists when i'm not sure when somebody but i to speak to and just to give them. but it was the amount that i need to share store communicate. but i fishy. i use a border with a brochure. huh. no older. so i just collect a thought of just to put that on his finger. sure. just a newer version of a with some illusions too. yeah. pretty much the estimate of impression is much the anymore. okay. yeah. okay, lemme quoted bunkerville and jessica, i am your photo id with a can you been with similar kind of a sudden interesting question. a sam can have a nuclear because i'm a block. i live a budget is pretty busy and i'm scholars. i got a really, it goes by seeber with the city. it's because of the clients. you can literally a keep it y

busquemos en otros lugares donde generalmente no hemos buscado, walmart, a costco, encontrar otras marcas de fÓrmulas mÁs inri cuando diga fÓrmulas para bebÉs , infantes, menores de un aÑo, de seguro dar lÁstima porque en este paÍs es muy regulado. carolina: justamente el tema de diluir es bastante preocupante. como siempre, que la gente vaya a su doctor o que vaya a la ediciÓn di terma que hablamos con personas como usted, que tiene toda la informaciÓn. >> gracias. carolina: seguimos hablando de salud. 3 dÍas de licencia mensual al mes, esto hace parte de un plan de reforma de salud en espaÑa, que busca que las mujeres que padecen de fuertes dolores, y pasan malos momentos durante su ciclo, puedan faltar al trabajo. este plan incluye otros beneficios, entregar gratuitamente toallas sanitarias y tampones a mujeres que estÁn en pobreza. borja: muy bien por mi paÍs. inmigraciÓn anuncia que van a admitir visitas a los centros de inmigraciÓn. la idea es que sea en fase, y cada visitante deberÁ someterse a una prueba de covid. recordarÁn que ice suspendiÓ esas visitas el pasa

around consumer spending are rocking the market overall we have earnings from macy's, american eagle, costco and gap stores all out later on today. just in time as investors recover from last week's blow from target and walmart. we asked the same question is the market in a bottoming process right now given the action we're seeing especially in retail? let's bring in stacy widlitz the president of sw retail advisers st stacey, we turn to you for the pulse of the american consumer take us through the narrative about the american consumer and will they be able to withstand what is happening right now with inflation? >> dom, we had a rough retail earnings season so far and it will probably continue that way. what you hear from companies is the top line is holding up, but massive cost pressure. we have seen all this margin compression. we are hearing the high-end consumer is holding upper than the low-end and trading up chanel had great numbers and you talked about williams-sonoma apparel is way overi-inventory we saw abercrombie and american eagle. brands are ordering early to get stock. you re

whistle is that the 2 people talk about at the ledger about this night, there's 2 new talks to russian costco dressmakers, given a solution that was will, unless there's a solution. oh good. it's a gives us diane. you can use up to the a on so much it did good dot v a listener. i'm on a new system welcoming. still my with the blood with this show me or send me to send you my us. yes, i'm us before with another funny shows or can you me? but i fishy. i use a border. yes, that's all between them. if i want to go to them, you know what a sure mama. no older. so i just collect a just to put that on a conventional and you just a newer version, a with solution is to the most the estimate of english is much the anymore. mm hm. yeah. okay. lemme and quote in bunkerville and jessica, i am your photo id with a, with a sudden interesting question. a. 6 sam crab off a nuclear because i'm a block i live, a budget is pretty busy and i'm scared with really it goes by seeber with the city. it's because it's like you can literally a keep it. you get that you go to the boys down with a with worse mike, what ye

yeah, we've been seeing lines grow here at this costco. that is because you can save on average around 20 cents compared to your normal gas station down the street. for example, here in new jersey, the state average for gas, 4.47. here at this costco, 4.23. that is below the national average that sits today at 4.32. we're nearing a record high set back in march. it is sending people to hunt for good deals. it seems that high prices are here to stay. >> i think it is highly unlikely we're going to see gasoline prices go below $4 a gallon unless the world, along with the u.s. goes into recession that the depresses demand significantly. reporter: while of course we don't want that the other side is that lipow does expect gas prices to hit $5 a gallon national average. you know, about that happens, that will really impact what americans do, how they spend their money, how often they travel. i spoke to one shopper here. it would mean only make necessary trips. take a listen. >> then i probably wouldn't go really anywhere, just like food shoppin

market, that is what we are paying attention to next week as we see these other retailers like macy's, costco, the dollar store, but especially dick's sporting-goods. i'm curious to see if they will continue the trend we saw the past week. jack: that will be fascinating. jack, i've got to pat you on the back, you wrote that the company then known as cvs looks attractive compared to netflix. warren buffett was reading your stuff. a bunch of money into paramount. jack: you are welcome for that. i think buffett is making a bet that traditional distribution of shows and movies on television and in theaters is more valuable than investors are giving credit for. that is something paramount has been arguing for years gunite - nice to take a new show for streaming and get a fan base, nice to take a new movie and put it in theaters for a 45 day window to recoup production costs. you can look paramount, television remains a cash cow. this company could easily generate $2 billion a year in cash, it will generate less than a billion because it is spending so much on streaming content but you see a possib

. >>> another roller coaster ride for retail as we wrap up a very busy earnings week costco initially plunging after reporting the margins but shares have clawed their way back into the green. gap shares tumbled 20% after reporting earnings and they too reversing course today joining us now rapesh and also simeon siegel. rupesh, to you first how would you sum up the state of the retail trade given what we had this week at times it was confusing. >> it definitely was confusing consumer spending is still strong i think you're seeing shifts in terms of where consumers are spending so i think spending is -- clearly it's whether it's the reopening trade while apparel companies are on the other side of it. >> i mean some apparel companies are doing quite well it just literally comes down to what you've got in the store, whether you have the right fashion trends or the right things that people want. simeon, that you don't have too much of your inventory because we have seen a huge inventory build for some retailers, particularly in the teen space. >> yeah, so good to be here, scott. i think

just use me, shut the premier, suarez to costco. so that is what the you on the and you put, you know, my done, you usually see him bullet that easier. i would say that was from the voice. she could, you could even though it's not so consume, will you what could that you must, you don't want to bite. somebody done. no push. you want when you, when you meet should what is it getting up when you might a ship warner, a thought was worth studying yet 70 years old and the u. g. secret from crazed. can you not? so the guy that was the she shad 7 years also at the roster floss talk to his grasp again. gibbet, latham civics, available shortly after 330 about eastern the gave us a schedule. a sheet that you were open at was pushed. not warmer nozzle rogue, i apologize. they're not tested by by your master a neil apiece, could you? yea, by chance i'll be at the court. they boxed or be named to nas and i was talking about b crossville. yamil. spellbound. regina or tom soap is up and now you are open. americans different so say under chinese ab

it's driving people to big box membership retailers like costco to fill up. over the past decade in general, costco typically charges between 20 to 35 cents less per gallon. that's according to data from the oil price information service. and with prices this high, you can see why people this weekend were driving the distance to save a little while filling up. we spoke to oil analyst andy lipow and he says while the government has taken some steps to control the rise in gas prices, they haven't done enough to increase domestic production. but private drilling is stepping up. >> they've done little to get more oil out of the ground. however, the industry is responding and the drilling rig count has now competed 700 rigs which is up about 60% compared to this time last year. >> so moving in the right direction but prices obviously still very high. that's why companies like wal-mart as well announcing recently that wal-mart plus subscribers will save 10 cents per gallon at their 14,000 pumps. you can see why that would drive somebody on the edge wondering whethe

will really just in the federal way, but she will know with all just use me, shut the premier slice to costco. so that is what the you want to go out and you put, you know, my done, you usually see him bullet that easier. i would say that the what was from the voice you could, you could even though it's not consume will it? what group, if you must, you don't want to bite somebody done. no push you want. when you, when you see me should what is it getting up when you might a thought it was worth the spelling it is only you g. c, korea does require a use case you're not supposed to go out at was the she shad city. is that so at the water reflect stalker? this by you can give is loading up and see what's available. so if the table is from the, gave us a schedule they sheet, you were open at moustache. not obama nozzle rogue, i apologize. they're not tested by the barrier master a lot. the shoot. you gay by chance, i'll be at the coin. they boxed or be named to know and i was talking to billy glosson, are you out of me of spare vom regina or tom soap is up and now you are open. americans. differe

all i can say is there is a lot riding on costco tonight with the earnings expectations this high >> there certainly is, bob thank you very much. let's turn to the bond market that is helping the conditions as well and a strong auction today, rick. >> yes, a very strong auction which sends the signal that investors as you just described were watching the equity markets just skrcratching their head thinking time will tell. you can clearly say that yields dropped rather dramatically and opened the chart up to two days and a couple of things you should pay attention to. we held yesterday's 2.70% low which is very important and gave today an upward yield bias and if you open the chart, the reason why, because yesterday we closed basically a one-month low yield and today with equities being up, of course, many are getting brave thinking that yields, well, are they going to turn around because equities have made a bit of a comeback when there was a down side there was buying going on because there was no other place to hide out, and if you look at these fed funds futures and this is import

did the bus, costco or british, is she in your work with the bomb up with? well, that's good up. she will be one more us go. what vision i'm pretty do. yes. for cheaper, for you, i'm with or more with it with a little post we will with like a lot with us of ship when you march or whatever with uses for giving your c v. as for the long wait, the more with a question liberal reason. last, look, i've been, we're still my hearing, you mean you guys the doing was to bleed the derivative? god of them from here. look at this are all just when you might was going to come up to that mode because the put it is all do. suddenly, randomly run listed on the phone with prescribe or they'll buy a lot of them. they have to build the shell on a daily basis. okay. what's a revised orders? must pop the college for. but jim donnelly got all the time resource too much for you. boy. packed little pricey. a should you see a factor which those are the possible look with, is that sure i'm talking about moving a store or us store and push them or giving us a total with them to look at the brochure. roughl

costco's margins are being squeezed by sky high inflation, was shipping and labor costs rising. that is what we have heard from walmart, target, kohl's, and best buy. the average shopper cosco is more than a tip for walmart or target shopper. the warehouse clubs efforts to keep gas prices several sins below the national average has driven memberships and sales. >>> microsoft says they are working on an affordable device, capable of streaming xbox games through the cloud. it is code-named keystone. it's an easy option for those want to play games on xbox cloud gaming. microsoft said it can be connected to any to be our monitor without the need for consult. it seems like it would be nicer interface, not to have that consul sitting out there. >> i will take the hated tweets. [ laughter ] i like keeping it clean. yeah, you probably have those issues. [ laughter ]>>> thank you, bertha. it is 4:45. we are delivering a message to call her students in today in the bay. the key world leader appearing today, virtually? >>> this is a story you will only see on nbc bay area, refrigerator st

dollar tree, the dollar stores, the retailers in grocery, costco, kroeger, i can't remember a day like that tractor supply old dominion it gives you a sense of where the brunt of the pain is we just want to tell you for a moment why i just got off the phone with the head of an equity hedge fund it's twofold number one, there's always this delayed reaction to the fed chair powell he spoke yesterday he was very hawkish. very tough on inflation. we're going to do what it takes. not too worried about the market selling off. an anti-growth message that's percolating in the market today a day later. and then target was a big wake-up call after walmart that we might be later in the cycle than the market previously thought, that investors were thinking you have pressure on earnings as it relates to inflation. it wasn't just supply chain, which can kind of be brushed off a little bit because it can hopefully get better it was wages it was issues they couldn't pass on to the consumer that sent a stagnation message we'll talk to goldman sachs' former cfo marty chavez, now the vice chairman of six

expose these corporations big agribusiness traders like atm and bungie and cargill and retailers like costco and walmart and bakes. financial institutions like chase and sometime there and bnp part a party bus and asset managers. very very big banks mike blackrock and how many of you all have heard about black rock so thank you for those of you who know about blackrock's big problem the rest of you look up blackrock's big problem. and you'll know that they are the biggest. investor in climate destruction whether it be agribusiness for fossil fuel. and speaking of fossil fuel. these are the fossil fuel reserves in the amazon. you may have heard about chevron in ecuador occidental petroleum into watcher tory or northern peruvian amazon. that's in the western amazon dot in the most bio diverse part of the amazon an area that we call the sacred headwaters region. it is the most bio diverse culturally diverse part of the amazon. and it's in the western amazon and these are the fossil fuel reserves across the amazon dot these companies and governments would like to get their hands on. there are ma

the lenimosa with us mortals, many were killed by shots to the head to costco. so he pro medina, j a. balkan, because i want to do poles do she could think, well, if i sign up with julia massage did able much when she's in the motion, but the more so or technologies are those are the voice of gulshan luggable as a beauty watching g is she isn't there at the nor did got or what happened did or made sale. it is alleged by the more unable to george just about all the way to grad school. i need but gesture, with the grand stiffness on my list of artists. your carry on the system with the trade union building, supposedly simply called fire. but many reacted differently, a ah, with for the west drive to weaken and isolate russia is not working out, although well russia, the most sanction country in the world has an economy that is not stable and resilient. the west can't say the same for its economy. in fact, the west is weakening and isolated, so ah, need to come to the russian state will never be. i've side as i phone in the most sense game div asking him then i'll

why the, why you've been you much for one more of the pos, need a premier there by be at the bus costco or this is shane. you work with them? what are the bomb up good, is there a day? well, that's good up. she will be one more us go well to be it should i'm pretty don't. yes. boy cheaper for you. i'm with or child. mark won't be able to don't use live movie with the move when you marginal cuz they got to go to yes. yes. the do know what they thought post, we will with a genial media kirkwood that, that we missed it. i was not allowed to with any of us to ship when you march or whatever, what use their school given your c, v h. remember the more with questionable reason last. no cars that were still my getting you mean? yeah. you guys the doing was to bleed the derivative god of them from here. look out of this all pulled up when you might was going to come up today at no cost to put it as well do, but it's not necessarily isn't listed on the from work magic prescribe a little by it was like really a lot of stuff to build the shell, going to say was the thought of either location which

same thing for costco. a multi, multibillion dollar dealer and best buy is down 5%. off price retail with, tjx companies is actually up 9% on a better than exected earnings percent. watch the off price and then if you want to check out maybe indicative of the sentiment overall in retail right now, check out bj's wholesale it's down 15% right now. commensurate with the rest of retail bj's whole sale over the last year, up 11% it reports earnings tomorrow so, do you think, kelly, that there are at least scarring by traders who got burned on walmart and got burned again by target, now taking it out on other companies who have yet to report results down 15% watch for some extra volatility around this stock after earnings tomorrow, given the sharp declines we've seen today. >> you're saying don't take it out on costco. >> i'm saying everybody is getting taken out to the wood shed, so to speak. >> we appreciate it. dom chu. and now to my interview with ledge daer investor, grantham. his warnings are looking precm i asked if he still thinks the market could have another 40

if you look around the city, costco's parking lots are still full and they have a bottom line desire to help the consumer go farther and the private label brands are just screaming off the shelves and i don't think you can find a better play even if there's no selling ahead. >> we see a losing streak for the dow since the 1920s and we can throw out all kinds of statistics like this and other things that will curl your hair. what caused this to happen who is to blame if there is plame to be apportioned? >> well, i think there is a couple of things happening this is a massive deleveraging this is clearly falling right into the fed's lap they waited too long the transitory call will go down as one of the worst financial calls in recorded history when the dust settles i think we'll be studying it for years. how did the fed get so much wrong and wall street is preying on everybody else. they have leverage up to their eyeballs and they're unloading that in the face of rising rates and finally, we have a bureaucratic bungling and this is not a party problem this is a leadership problem from

madison alworth at a costco in new jersey. how much cheaper is the gas there, to say just down the street? reporter: stuart, the gas here is about 20 cents cheaper than any of the stations you will find down the street. so the national, excuse me, the new jersey average price of gas right now, 4.4for regular. this gas station selling it for 4.22. you can see why people want to fill up here. normally, member after costco, come to get food and items. you fill up gas. it is smart. people are making a trip specifically for the gas because of those savings. that is coming at a time we see gas prices coming back up. you mentioned, a high right now, the national average 4.33. so close to breaking a record high we saw earlier this year. it is up 13 cents in just a week. other retailers, not just costco cashing in on this. other retailers like walmart trying to entice customers with cheaper gas. recently announcing that their plus members are going to get 10 cents off per gallon at their over 14,000 gas stations around the country. it