Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. You missed a busy week where your Prime Minister was here. Im very sad i missed that particular vision. A lot has happened since that visit. Over 1 million signatures in the uk to block trumps visit. To meet the queen. To meet the queen. I dont think that petition will be carried through. Thats a side point. A shortterm point is whats happening in the futures at this hour, after what was the worst trading day of the year yesterday, at times that label, the worst trading day of the year, seemed apt. Down well over 1 . Well over 200 points on the dow, finished off the lows, 0. 8 for the nasdaq, with the s p and dow down 0. 6 , which highlights some red dat data, not the worst day. We were down 200 points on the dow, we are reminded how high the day is, that was only 1 . That was the debate of the day yesterday, was it just due for a correction after a strong few weeks, after 20,000, or did that immigration order scar
Announcer this is on the money, your money, your life, your future. Now, becky quick. We begin with automation. Its knost just manufacturing where machines can replace workers, rapid changes in restaurants are impacting jobs today and will be for the future as well. Its this weeks cover story. Automation nation. Retail stores are closing at records pace as shopping shifts to online and mobile leading the Retail Revolution is amazon with 43 of all online sales last year. Now after disrupting our brick and mortar habits, the giant is doing something surprising, opening its own walkin stores. Six more stores are planned. And amazon is testing a Grocery Store with a twist. No cashiers and no checkout lines. They automatically bill you as you walk out the door. Other retailers are adapting, too. Sams club introduced an app that lets customers scan items on their phone and skip the checkout counter. And its not just retail being reinvented. Restaurant chains are rethinking their model. Mcdon
Its impacting jobs today and will be for the future as well. Its this weeks cover story. Automation nation. Retail stores are closing at records pace as shopping shifts to online and mobile leading the Retail Revolution is amazon with 43 of all online sales last year. Now after disrupting our brick and mortar habits, the giant is doing something surprising, opening its own walkin stores. Six more stores are planned. And amazon is testing a Grocery Store with a twist. No cashiers and no checkoutli. Checkout line. They automatically bill you as you walk out the door. Other retailers are adapting, too. Sams club introduced an app that allows customers to skip the checkout counter. And its not just retail being reinvented. Restaurant chains are rethinking their model. Mcdonalds and wendys and panera bread has selfservice kiosks and apps that let you order in advance. The biggest and rationale that restaurants will automate is because of the growing labor concern. Not only are labor costs g
Its impacting jobs today and will be for the future as well. Its this weeks cover story. Automation nation. Retail stores are closing at records pace as shopping shifts to online and mobile leading the Retail Revolution is amazon with 43 of all online sales last year. Now after disrupting our brick and mortar habits, the giant is doing something surprising, opening its own walkin stores. Six more stores are planned. And amazon is testing a Grocery Store with a twist. No cashiers and no checkoutli. Checkout line. They automatically bill you as you walk out the door. Other retailers are adapting, too. Sams club introduced an app that allows customers to skip the checkout counter. And its not just retail being reinvented. Restaurant chains are rethinking their model. Mcdonalds and wendys and panera bread has kiosks and apps that let you order in advance. The biggest and rationale that restaurants will automate is because of the growing labor concern. Not only are labor costs growing but n
Hours. Stocks are rallying today. At the markets desk we have the latest, right, ramy . Ramy right now we are off of that. 17 981 is where we stand, up one third of 1 . Up about 4 10 of 1 . Marginally up there. Let me take you on a bit of a tour over the course of the day. You can see generally speaking that we are headed in an upward strip upward stretch. Hitting in the 1 00 p. M. , 1 30 p. M. Timeframe, you can see it is down right now. Pointing out this number right here, where we are right now, inching closer and closer every day for the past two days to the 2130 marc, the record closing high. We will be watching to see we can get that. Maybe not today or tomorrow, but potentially soon if things continue to go on. In the meantime, what is actually pushing equities higher . Biggestequity, the gaining sector right now. Oil crossing pass the 50 per barrel threshold, impacting some of the biggest percentage gainers. Up with ug and marathon oil on the order of about four point 5 . Also