Debut week following its ipo, but if history is any indication, you might want to sell. First, we start with the wrath of amazon, prime day kicking off in four hours. The kpaeccompany has been takino prisoners especially in retail spice as it continues to dominate Retail Stocks feeling the heat, sinking 2 today, hitting their lowest levels in three weeks amazon announced its own version of the geek squad, costco falling after a downgrade from bmo, says sales arent enough to combat the Amazon Effect walmart under pressure and the Department Stores like macys, well, theyre Department Stores like macys. You look at costco, look at best buy, if you are a value investor, guy adami, do you nibble on any of the names that got smacked around and banged up today . In absolutely great having you the one name out of all the names is costco. They have the ability to raise membership prices 90 retention rate if id go anywhere, it would be costco macys will be interesting karen can speak to that, at
The whole joint. Were letting its negativity, its neoism, were letting it influence our thinking i want it stopped right now. Right here i want to cordon off craamerica and do it today. The dow dipped the nasdaq gained. 47 put it simply the people who run our government cant seem to, well, govern todays breakdown of the gops most bedrock promise repage replacing obamacare has cast a pall over everything even if it was unpopular, but if the republicans never had votes to axe the Affordable Care act why have they spent month on legislation going nowhere. Makes me wonder if Mitch Mcconnell knows how to count im not saying we need to return to camelot i just think that congress inability to accomplish anything, anything at all has started to poison the atmosphere on wall street the latest look at the results of our Great American companies with way too jaundiced this negativity is coming out in two ways first buyers right now seem only to have love for a handful of companies that are viewe
Touting its first augmented reality superstar, the dancing hot dog. Is ar the future for snapchat . 14 million in market value. Meantime lets get to wall streets Research Prices well have the details on jpmorgans move to take market share ahead. Only going to charge 10,000. Could be a race to the bottom Retail Stocks get crushed, bill miller iv is making a big bet on shopping malls. Well join us to discuss whats behind that move we do start with north korea and the latest developments about the looming threat against the u. S. Reporter we could hear from the president momentarily on the latest regarding north korea theres an event set to begin at president s Bedminster Golf Club it could be on fork force workf initiatives. He upped the ante this morning he said the u. S. Military response is locked and loaded and to that end he retweeted photos posted by u. S. Pacific command of air force bombers at the ready in guam. The u. S. Territory about 2,000 miles due south of north korea that
Exuberance lead to a flood of ipos. We will look at which companies go public. Very high profile names. Breaking this morning, Goldman Sachs executive has reportedly been offered a position in the Trump Administration. We have more on what that could mean not only for the Trump Administration but Goldman Sachs itself and the issues they may face. And president elect Donald Trumps team is starting to take shape. Larry kudlow will discuss whether the picks will bring that deregulation so many investors are now expecting. Speaking of which, lets start with the market new highs. Bertha coombs is in times square and bob pisani is behind us on the floor of the new york stock exchange. Ladies first today. Nasdaq all time highs stoked by small and mid caps since the election. Today it is really a big cap rally. We are seeing a little more love for the tech big caps like apple up nearly 2 . Alphabet is up more than 5 for the week. That is the best weekly gain it has seen since july of 2015. Not
On lectures in history, James Madison University Professor evan friss teaches a class about the evolution of the suburbs from the early 1900s until the present. He talks about how changes to home on policy loan policy and the rise of automobiles helped great an alternative to urban living. His class is about an hour. Mr. Friss today we are talking about the suburbs. How many of you grew up in the suburbs . Almost all of you. What kind of adjectives would you use to describe the suburbs . Proud. Mr. Friss perhaps an unusual choice. Like being from nowhere. Mr. Friss good. Other descriptions, characterizations . Safe. A utopia. Mr. Friss a utopia. Family oriented. Mr. Friss family oriented. Nicolas, were you going to Say Something . Drew . I love this. [laughter] mr. Friss good. Some people, utopia, maybe this is a different generation. I thought people were going to say lame and boring, which is why i picked this very lame typeface. I thought we would start with an image of contemporary