Keep all your inventory . Yeah, this is where we display all our edibles for our bud bar. We see hundreds of patients every day. Do you have anything on special . Reporter the Marijuana Law will go into effect in california and anyone 21 and over can walk into a dispensary and buy pot. How will that impact your business . Its going to impact it a lot. Its going to increase our patient database probably double, i would say. That means the demands are higher and well have to satisfy demand from those products as well. How will you satisfy demand . Because of the new state regulations we can only buy after 2018 from state cultivators. We may go from seeing 500 vendors to seeing five vendors. They may not meet the regulations put into place or they dont have the finances to apply for the state permit or the state may lag on actually approving those permits meaning the couple may only get through. Those are the only cultivators we are actually purchasing from at that time. Youre saying that
Based in new orleans. Now live floor coverage here on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Barry black, will lead the senate in prayer. The chaplain let us pray. O lord our god, we are grateful for your marvelous works and power. Keep us from becoming weary in doing what is right, as you remind us about a harvest of blessing is certain. Give strength to our lawmakers and bless them with your peace. We praise you that you are the strength of our lives and we need not fear for the future. As you guid guide our senators h your wisdom create in them a hunger and thirst for righteou righteousness preparing them to be filled with your divine nourishment. Lord, thank you for not withholding blessings from those who walk upright. We pray in your great name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to our flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it
Quintanilla with Morgan Brennan and john fortt on the New York Stock Exchange the social network looking to emphasize posts from friends and family Mark Zuckerberg writes, i expect some time on facebook and measures will go down. As facebook deprioritizes news, the former president obama was on the First Episode of lettermans new show on netflix, where he addressed the issue of news on social media listen to that whatever your biases were, thats where you were being sent, and that gets more and more reenforced over time thats whats happening with facebook pages where more and more people are getting their news from. At a certain point, you live in a bubble and thats part of why our politics is so polarized i think it was a solvable problem, but i think its one that we have to spend a lot of time thinking about. Two conversations here this morning, one is about the ad revenue impact and the share price, obviously, were going to coff cover that but longer term its a question whether or n
And less cash in home buying and lender underwriting. Weve talked a lot about some loosening in the market. More adjustable rate loans and even interestonly loans coming back. Freddie mac made some changes when it comes to student low debt as well. That should give branks and nonbank lenders a boost in earnings for the year. We actually have more housing data out today. Mortgage makeses edging up ever so slightly 0. 1 last week but existing home sales, thats where i really want to focus in on because they came in quite strong. Right . Yes, mandy. Were seeing healthier sales in june. Prices, not so much. Sales gained a larger than expected 3. 2 in june for the month, up 9. 6 for the year. Thats the strongest monthly pace in over eight years. But they came at a very high price. The median existing home price hit 236,400. Thats the highest ever. It is due to tight supply up less than half a percentage point from a year ago, just 2. 3 million homes for sale. It is also due to more expensiv
August but straight to macys earnings out right now. Julie hyman has the latest. Are they in fashion . Julie stion mark get it . Julie i do get it but not so much. Low estimates at the extreme for cents, a drop in earnings yearoveryear and looks like sales are down by 1. 5 . Most of the analysts i had seen were looking for flat slightly down, so this could be a bigger drop then had been estimated. It also looks like if you look at the company on the sales basis, just a net sales basis, those numbers down 2. 6 at 6. 1 billion. That, too, is worse than estimated and the company decides weaker than expected Sales Performance in the first half. There have been activist involvement for macys coming from starboard capital, pushing the capital to spinoffs of real estate holdings, a similar thing to what we saw happen at sears. Acs has not done that but they are announcing today the sale of one of its properties in downtown brooklyn to tishman. This is something analysts have talked about, it