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
This hour. Microsoft rolling out 3d capabilities in the latest windows update. Home sales unexpectedly climbing in september, up 3. 1 . Stocks roll off their session lows at this hour, the dow was down triple digits at the open. Nasdaq still in the red, the other two averages have gone green. Melissa . Thanks, michelle. Welcome, im melissa lee. Power lunch coming to you coast to coast today. Brian sullivan is live for us in sunny san diego. Whats on tap . Thank you very much. We got a big two hours for you from one of the biggest investment conferences in the united states. Jeff kline coming up, he says there is one big potential positive for the stock market that nobody is talking about. Well find out what that is. What is the overall mood here. Are people nervous . Bernie clark will join us. Big thinker, novelist, generally smart guy, Malcolm Gladwell, your guest coming up as well. Well talk about the markets, talk about the economy, and well talk about why college is actually so exp
Divide at the Federal Reserve. But we do begin with fears about the worlds biggest retailer. Shares of walmart tanking right now after cutting its threeyear outlook. Were currently down by 8. 3 at 61. 16 a share. Walmart executives meeting with analysts at this hour, as we mentioned, and Courtney Reagan has all the details of it. Hi there. Walmart investor meeting, the analyst q a wrapping up, the group asking for more clarify on the warning on longterm guidance but not much more clarity was given. Executives highlighting that the Major Investments they continue to make for the earnings per share impact. Fiscal year 2016. Walmart now expecting sales growth to be flat due to Foreign Exchange impact. Also for 2016, reiterating the earnings per share guidance of 440 to 470 but 2017, thats when the he have yet guidance comes in. Eps down between 6 and 12 from prior year, walmarts guidance given. The impact really lies in the fiscal year 2017. Walmart says its the second year of heavy inves