Heritage capital president paul schatz. The wall street journals simon constable, and new oak president james frischling. What did you think of what you heard out of walmart . What does it tell you about the economy . The walmart thing is not new news and the stock really didnt react too poorly. It is more of a small data point. I think walmart is having problems. Theyre blaming it on health care. It is convenient way. I may not be for obamacare. Melissa you think it is convenient . You dont think that is realistic . Headwinds from Higher Health costs higher than they estimated and people are not shopping. Simon what do you think. This economy left people behind and people trading downplayses cheaper than walmart. Melissa cheaper than walmart. That is bleak. Dime store. The dime store or whatever it is 99 september store. Melissa that is bleak. What do you think . Walmart has been in the line of fire being pushed to raise wages. This companys margins are skinny. Seven quarters in a row
Youre starting to get a litigate cautious here . A little cautious. Im not seeing the steam i saw two weeks ago. Theres some indications its not as strong right now. We have pointed out, all the attentions gone to the dow, the s p is what traders keep an eye on. Its getting closer to that alltime high of 15. 65. Could that be a resistance level as they like to say for traders . I would think so. I think a lot of people will be ol sell side at that level. Theres nothing in the horizon i see to force it to go much higher than that. But theres always something that could pop. Right now thats probably where we want to go. Ill let you go, get a 32ounce slurpee, it will be legal even tomorrow. A judge just canceled all of that, invalidated all that. Oh i can go to the Movie Theater and get what i want. Happy peter costa. Well see you tomorrow. The dow strengthening into the close, a game of 50 points all of a sudden, and the s p about 9 points away from its alltime high. Thats it for the fir
Good morning. The days top stories, the Global Markets. Political paralysis, the point of that in italy spooking investors and lead to go a selloff on wall street. And then asia follows suit overnight. European stocks are tumbling on upper trading this morning. It is tuesday, february 26th, 2013 and squawk box begins right now. Good morning and welcome to squawk box here on cnbc where thirchx feel a little under pressure. Im Andrew Ross Sorkin along with joe kernen and becky quick. Well, becky quick is off today. She will be back tomorrow. Global markets focusing on italy this morning. Sylvia berlusconis center left rivals won parliaments left house, but failed to win an absolute majority in the upper house. This is creating uncertainty. Berlusconi has ruled out an alliance with former italian Prime Minister mario monti. Hes arguing the results reflect unpopular discontent with stocks. We saw sharp drops, italian yields jumping. Check out early stocks in european trading. This morning,
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