courtney reagan has more. >> reporter: for millionsf justren in the u.s. school let out for the summer, but ck o-school shopping is starting soon andec expted to peak later this month and in early august. that's when more than half of annual school-related spending happens and a new sur fym deloitte forecasts the total spent, nearly $28 billion, will be on par with last year. it doesn't mean the consumer isn't healthy, but rather the back-to-school supplies are largely commodity type items. a pencil is a pencil forsthe mo part. that ups the ante for retailers. >> you have to be sharper ins te of what the proposition is for the consumer. one of the questions we always ask ispoell us what is ant to you in terms of picking either the venue or the specific brand thatin you're sho we hear over and over, it is price, it is product, it is convenient. >> reporter: nearly 90% of s shoppersay mass merchants, retailers like walmart and target, are the top destination for olback-to-scho arene retailers like amazon now the second shopping preference for back-to-school.

here is courtney reagan. >> reporter: the firstalf of 2019 has been rough for retail, but with back t school and the holidays, the second half unknownsore and the are piling up. first, tariffs and trade. manyn retailers have b working for years to move manufacturing out of china, but it still is the number one sourcing location for u.s.-bound clothing and shoes. if a new round of h tariffss shows categories, shopps may face higher prices at places like macy's and steve madden in time for christmas. second, shipping wars, walmart, amazon and target a racing to deliver faster. amazon i spending 8 hadn't million dollars in just one quarter to get closer to e-y shipping for prime members. walmart is expanding one-dapp free shig without a membership to more city as the year goes on, and target is offering same-day shipping for $10. third, store closure. around 7,000 store closures have already beenhi announced t year, outpacing all of 2018. core site research projects total closures couldit 12,000 by end of the year, opening up opportunity for those left. for nightly business report" i'm c

thank you, courtney, and then it says thank you, reagan courtney reagan, i got it. and contessa brewer. these are first name people. dominic chu, stocks opening at record highs, but turning negative after president trump warned there's a long way to go on trade with china. but that's not the only international risk out there we'll tell you what it is and how to position your money or suggest how to position were we'll be right back. >>> markets taking a leg lower an president trump said we have a long way to go on china trade. but that's thought the only risk overseas bob pisani has been in my monitor and bob, do you think you can get through a report without moving your hands at all? because i have been watching you. i'm surprised someone doesn't get hurt standing near you >> wi have been doing this so long, we get excited about this stuff. there are some signs the global industrial economy is slowing down right now today, arrow electronics, they make electronic components and semi-conductors, preannounced lower earnings they cited lowering demands and an inventory

. >> i want to get to courtney reagan, news alert on walmart. court? >> we have obtained a memo just sent by walmart ceo doug m macmillan, announcing some sort of new organizational leadership restructuring, and basically the headline is it's bringing together a lot of the leaders from stores and midge dadigitala continuation of the strategy to bring customers a seamless experience so in big additions or executives that are leaving but a number of reshufflings, particularly in supply chain in the u.s., bringing the digital and physical operations together, as well as finance one area that's going to remain separate though for the time being is u.s. merchandising, that is going to stay separate at this point. just a continuation of walmart strategy to be an omni channel retailer and to really bring the organization to a place where the consumers are already looking at it as back over to you >> court, thank you, courtney reagan at the nyse joe, walmart was one of your top ideas. >> it is, and that should not be perceived as negative news >> it seems like

here's courtney reagan with a look at the issues facing retail in the second half of '19. >> the first half of 2019 has been rough for retail. but with back to school and the holidays, the second half matters more and the unknowns are piling up first, tariffs and trade many retailers have been working for years to move manufacturing out of china but it's still the number one sourcing location for u.s.-bound clothing and shoes if a new round of tariffs hits those categories, shoppers may face even higher prices at retailers like macy's american eagle, and steve madden just in time for christmas second, shipping wars. walmart, amazon, and target are all racing to deliver faster amazon spending $800 million in just one quarter to get closer to one-day shipping for prime members. walmart is expanding one-day free shipping without a membership to more cities as the time goes on, and target is offering same day shipping for $10. third, store closures. around 7,000 store closures have been announced this year, outpacing all of 2018. core sight research projects total closures could hit 12,000

courtney reagan is over there. here's what's new at 2:00. the president sounding off on the fed and china again. and a scathing new op-ed out on the president's war with the fed head chicago fed president charlie evans will weigh in on all of it big tech under fire. top brass from apple, amazon, google, facebook, all grilled on the hill we examine the real risks facing the companies and their shareholders >> and solid demand and low interest rates home builders should be ecstatic, right? maybe not. we'll show you what's worrying them about the american housing market as "power lunch" begins right now. >>> welcome to "power lunch. i'm courtney reagan. let's get a check on the markets this hour. a cautious day on the street stocks trading in a narrow range. the dow managed to hit an intraday high earlier, but now we're in the red across the board for the three major averages with the dow down about 21 points, the nasdaq composite leading way lower by half a percent. oil also tanking this hour secretary of state pompeo says iran is ready to neg

. >> go to cnbc.com/halftime or get us on twitter with the #askhalftime >>> i'm courtney reagan. here's your cnbc news update buckingham palace releasing two photos of queen elizabeth meeting britain's new prime minister boris johnson later, at 10 downing street, johnson vowed the uk will leave the european union on october 31st >> the people who bet against britain are going to lose their shirts because we're going to restore trust in our democracy and we're going to fulfill the repeated promises of parliament to the people and come out of the eu on october the 31st no ifs or buts >>> a group of insurers that say pacific gas and electric owes them more than $20 billion from wildfire claims wants to take over the california utility and pull it out of bankruptcy. the insurers are seeking to end pg pg&e's right to file a reorganization plan. >>> allergen is recalling its textured breast implants which were linked to a rare cancer this following a request by the fda. the agency is not recommending women with textured implants have them removed if they are not experiencing any proble

courtney reagan back at headquarters what do you make of the results, guy? >> it is a valuation thing to me it trades close to 21 times let's say next year's earnings that to me in this space is expensive. i don't think you have the eps -- listen, i love my levis i have my 501s when i was in high school. i will tell you my size if you want to buy me a par 34/32. >> 32? come on. >> seems like elongated. >> 30 though, he is stretching those legs out a lot. >> oh, he's overstating the leg length. >> what i like most about what they're doing is they're investing in the direct-to-consumer they had three different areas they talk about china, they talk about women, they talk about direct-to-consumer they're investing in those we see the women's brand starting to work better for them 16% growth she was talking about. it seems to me it came down to a currency issue you know what? the earnings are still there i know at 20 times it sound like a lot. i don't know if i agree with that because they have the revenue growth, guy, and in the last quarter all of the differen

i'm courtney reagan in for sara eisen at the delta post as ceos prepare to meet with the president in this hour that and everything else investors need to know before the market closes. >> and i'm wilfred frost pressuring fang and media stocks outperforming and odds of a half-point rate cut rising the fed needs to, quote, vaccinate the economy from too low inflation. let's check in on what the markets are doing. they are now higher. all the major indices. as we said, netflix is lower communication services bottom, oil continues to slide down 3% today, 8% for the week as a whole. financials top the sector performers >>> news this hour, as airline executives get ready to meet with the president at the white house. let's get to eamon javers for the latest. >> reporter: we're expecting ceos at the white house for a meeting with the president of the united states. we'll see familiar faces from united, american, big-named airlines who will be here. atlas, a cargo carrier, qatar airlines, fred smith from fedex. this is over a dispute about open skies agreement that allows carriers to fly. th

i'm courtney reagan in for sara eisen at the delta post as ceos prepare to meet with the president in this hour that and everything else investors need to know before the market closes. >> and i'm wilfred frost pressuring fang and media stocks outperforming and odds of a half-point rate cut rising the fed needs to, quote, vaccinate the economy from too low inflation. let's check in on what the ma

courtney reagan has more at headquarters hey, court >> good afternoon. amazon's prime day event is a quarter of the way through we have quite a ways to go no word on how it's going from amazon or other retailers. price blink shows amazon branded or exclusive products, the fire tv stick, echo dot and echo show, they're getting the most attention again this year by page views nerd wallet said that's not surprising prices will are lower today than they were on black friday 2018 if they're amazon-owned products, it's amazon controlled pricing. amazon shares are up half a percent today. a analysis of the past four prime day events shows a month later 100% of the time, amazon shares are higher. by an average return of 5% perhaps foreshadowing what we'll see for amazon shares a month from now back over to you >> court, thank you. meantime send it over to mike san toll i who is back with his market dashboard >> thanks. pick up on the amazon conversation, something i'm calling eating the competition they say you shouldn't go to the super market hungry. maybe that

our courtney reagan has the latest on that from hq courtney >> hey, john so today, like you said, just the beginning of amazon's fifth prime day, which has become this annual shopping event. and it'snot just amazon that's participating, but hundreds of other sites, too so while estimates will variy for the exact revenue that prime day actually generates for amazon, core site research estimates it will hit $5.1 billion this year, that's about 1.4% of amazon's annual sales. while the event is in 18 countries, around 60% of the sales will be generated right here in the u.s. from an estimated 63 million prime members, because you've got to be a member to take part in the deal the event is a recognititention vehicle, so it reinforces the benefit of the program, but also a key recruitment event for new prime members. last year, amazon added more prime members during the day than any other day in its history. didn't tell us exactly how many, though a cowen and company survey suggested that 10% of non-prime households would consider signing up to access the deals that's a big number. but there

reagan welcome to both of you what's different about prime this year and why is prime so prime to amazon? >> so prime this year is longer, longer than it's ever been, 48 hour, the first year they started in 2015, 24, 30 then 36. we have two full days, in 18 countries, one more than last year, though most experts think 60% of the prime day sales will come from the united states and really important to amazon because of two reason, number one, it's a recruitment vehicle for new prime members because you have to be a prime member to take part in the deals that's right >> how much does prime cost now. >> $119 a year there is also -- >> i should know because i pay it. >> see, but you don't. it's automatic for you i bet you spend a lot of money on amazon, probably more than your non-amazon counterparts there was a study that said on average a prime member who shops on amazon will spend $1400 a year if you're a nonprime member but shop on amazon, you spend $600 you're a much more valuable member. >> and they're collecting $119 for every member there is. >> that's right. they need to incontinue

reagan. developing story out of the gulf of mexico. oil prices moving higher as tropical storm barry picks up strength preparations are on the way along the louisiana coast. let's get to wendy live for us in new orleans this morning. wendy, what is the latest? >> courtney, good morning to you. we're starting to feel the outerbands of this slow moving storm. we had rain and a lot of winds picking up as this storm creeps itself way -- crawls it's way up on to the louisiana coast and it's going to be a rain maker no matter what and it's going to bring that rain to an area that doesn't need it at all these coastal communities and new orleans proper are bracing for what could be the first hurricane of the season. they are expecting in some areas to get 20 inches of rain in the next couple of days. if it becomes a hurricane, though, it will be the first time a hurricane has made landfall here in louisiana while the mississippi river is at flood stage. right now it's 8 feet above normal and barry co

let's check in with courtney reagan >> good afternoon. oil prices selling off late in the trading session, closing close to the flat line the market had received some support from concerns over iran's nuclear program after the nation threatened again to step up its uranium enrichment in defiance of u.s. sanctions pressures remain over lingering worries over global growth and the trade war continues to drag on, and growth in u.s. production will outpace that of global demand through 2020, limiting the effects of opec's supply cuts. >> thank you very much >>> now to america's savings crisis many people still don't have access to 401(k) plans a lot of small businesses simply don't offer them our next guest has a plan to change that. he has a new op-ed out, all part of cnbc's partnership with acorns here to discuss is ted, considered the father of the 401(k), and in recent years is on a mission to help small businesses pick and implement the best types of plans. there's now movement afoot in this country oregon, many other states are rolling

here to break down the headlines are kate rogers, robert frank and courtney reagan. welcome, everybody first up the consumer is hot, hot, hot and some big names are reaping the benefits today starbucks, this is my number of the day. 7% gain in u.s. same-store sales and they're not the only ones seeing strength. mcdonald's up 5.7% in the u.s. mcdonald's, chipotle red hot as well kate, is anyone not doing well or was it just a strong consumer quarter which we also saw in the gdp? >> we did. so these were the three big names this week. chipotle up 10%. that's another huge number all three of these companies focusing a lot on digital innovation, making sure your experience into the doors is seamless, quick. no matter how you're getting to them is that it's going to be quick and easy they all have fairly new ceo staff. being the most established, been there about four years kevin johnson at starbucks and mcdonald's up 118% from easter brooks' start date in 2015 starbucks up 66% since 2017. chipotle up 144% >> how good does that feel if i were these ceos, i would just leav

. >>> and i'm courtney reagan in today for sara eisen let's get into what's driving the action today industrials are leading on the back of boeing's real that wilfred mentioned there and reports that iran captured a british oil tanker is moving the oil market, as well as uncertainty over the fed's interest rate decision in less than two weeks, thos

courtney reagan. >> meantime, nearly 55% of all americans now live in suburbs, according to pew millennials are a driving force behind the numbers as they're priced out of the big cities, they're flocking to the suburbs, but cities and towns are struggling to keep up. joining me is valerie, a national reporter for the "wall street journal," and our own diana olick. valerie, welcome a lot of people take note at what it looks like this move from millennials into the burbs. >> after the great recession and the economic downturn, the cities were booming. the thought was people wanted to be able to walk to work and live closer to downtown life, but what we have seen in the last couple years is a flock to the suburbs, especially by millennials. they're 23 to 38 years old now so they're somewhat belatedly, many of them, able to start a household, get married, start a family, and do what their parents and grandparents did, which is move to the suburbs >> diana, as you said, there might be a desire for home ownership that's driving some of this, but there's also a huge affordability issue that's sti

and the company says it was even bigger for them than black friday courtney reagan joins us with the numbers you need to know hi, court. >> hi, tyler if we only knew how big black friday was for amazon, this could make this equation easier. but there is a lot of things we could say. let's stick with the three big ones first, amazon says it sold more than 175 million items during the 48-hour event, topping its black friday and cybermonday combined second, and perhaps more important for the long run, amazon said it signed up new prime members, more of them, on monday than it ever has in history. and then almost as many on tuesday as it did on monday. so put those two days together, and they got an awful lot of new prime members. the trick, of course, is converting those free 30-day trials into long-term paid memberships. but from what we hear from other research groups, the retention rate is pretty good. third, amazon was not the only beneficiary of that day. adobe analytics now says u.s. retailers online with more than $1 billion in annual revenues saw their average sales of 68% compa

. ♪ >>> i'm courtney reagan, here's your cnbc news update. special counsel robert mueller testifying before the house judiciary committee this morning, dismissing president trump's claim of total exoneration. here's the exchange between mueller and committee chairman, jerry nadler >> director mueller, the president has repeatedly claimed that your report found there was no obstruction and that it completely and totally exonerated him but that is not what your report said, is it. >> correct, it is not what the report said. >> police in chicago are investigating a bold smash and grab on the magnificent mile early this morning thieves smashed a window of the neiman marcus department store taking not only shoes, clothes and handbags, but three mannequins in them no arrests have been made. >>> jacksonville jaguars defensive back jaylen ramsey made a flashy entrance to start training camp. he arrived in an armored truck the jaguars picked up the fifth year option on his rookie contract, but refused to commit to anextension that's one way to get att

. >>> and i'm courtney reagan in today for sara eisen let's get into what's driving the action today industrials are leading on the back of boeing's real that wilfred mentioned there and reports that iran captured a british oil tanker is moving the oil market, as well as uncertainty over the fed's interest rate decision in less than two weeks, those are your main drivers for today's action. coming up, sara eisen will talk exclusively to boston fed president eric rosen gren. these will be his quiet moments before going into a decision >>> joining us for the hour is jim lacamp, senior vice president of wealth management at uvs i feel like when you look at this market there is a little something for everybody. you can find a reason to be bullish, bearish, we are all awaiting the feds decision what do you make of today's action and ahead of the fed decision. >> we have seasonality coming up, too, late july to late october is usually our most volatile time period in the market risks are symmetrical right now. we have upside, corporations are doing fairly well if you break it down to indiv

. >> thanks, i might actually take one of those deirdre bosa, contessa brewer, courtney reagan. >>> elizabeth warren says e odc asa coming economicrh. thgo news she says she knows how to stop it we'll look at her call and her plan stick around >>> welcome back, senator elizabeth warren is out with a provocative piece today. she says the coming economic crash and how to stop it she says the country's growing household debt, corporate debt and a manufacturing recession are three warning signs of a e precarious economy "politico" says wall street isn't panicking. here with me to break it all down, is ben white, the chief economic correspondent at "politico" and a cnbc contributor. there's two things going on here, the first is kind of a director onslaught of the private equity onslaught of last week the more recent one is the piece she warnings of this economic crash using it to say here's how i'm going to come in and save it what are her plans >> this surprised me in that she's calling for an economic crash. it could look silly if it doesn't happen over the next couple of years. >> that's such

it's time for what we call rapid fire here with their takes, kate rogers, bill griffeth, courtney reagan you mean that news read didn't exhaust you. you can do this? >> you did fine. >> we have a jar we're going to put out and see who has to make a donation to it in case anybody makes any missteps >> first topic is procter & gamble all-time high after a big earnings beat. why? skin care products a very strong performer with sales of brands like sk-ii, olay, i do know olay powering an 8% rise in p&g's beauty business. the company announcing it took an $8 billion right down on its gillette razor business. grooming was p&g's worst showing among its business segments citing foreign currency fluctuations and the fact that men just are not shaving enough. >> i hope you're happy, ken. i hope you've got what you were after. thanks a lot >> ken has not been shaving much >> looks great, ken. >> looks very good have we -- >> i think he shaves his head, though >> i wonder if we reached peak beard in america or peak scruff >> i don't think so. i don't think we have reached peak beard or peak scruff.

reagan is back at hq with more on what we can expect hi, court. >> hi, morgan. it's better than ever, it's the fifth-ever amazon created shopping day it will go for 48 hours, 12 hours longer than last year. 18 countries, that's one more than in 2018, a million deals, including new lightning deals. those items will be in shorter supply for a shorter period of time now, core sight projects prime day could generate $5.8 billion in global sales. that's up significantly from the $900 million estimated for that first 24-hour prime day. the goal for amazon, not just to generate sales, though sign up new members. that's key cowen and company estimates there are about 63 million u.s. households that are currently prime members with 10% of non-u.s. households indicating, ye yeah, they'd sign up in prime to take part of the deals whether you're a first-party vendor or a marketplace seller on amazon, playing on prime day is a must. brands that participated last year saw three to four times their average daily sales on that day and two-thirds of the products with a prime day

now over to courtney reagan for a cnbc news update hi, court. >> hi, kelly here what's happening at this hour by a 52-40 vote, the senate confirming stephen dixon to head the federal aviation administration the faa has been without a senate-confirmed chief for more than 18 months >>> at california entrepreneur accused of paying $250,000 to get his son into the university of southern california has pleaded guilty to mail fraud jeffrey bizzack entered the plea in boston's federal court. nine months in prison and a $57,000 fine sentencing is scheduled for october. >>> and the cuba government has said there was no evidence of a deliberate attack on embassy revealed significant differences from a control group >> the article recognized that the brain alterations are minimal, that the findings are not conclusive and that they cannot identify their causes >> so she says they can't identify the causes but it is still unclear what has caused the dizziness and general cognitive fog that's been reported that's a cnbc update at this hour back over to you, kelly. >> i hope they can figure it out. ter

we'll turn to amazon day two of the prime event obviously underway courtney reagan will set us up on that. >> good morning, carl. we're about two-thirds of the way now through the longest prime day event yet. amazon giving us a glimpse into the action from at least the first half so amazon says worldwide sellers predominantly small and medium-sized businesses saw the biggest 24-hour sales day in amazon history now, the company also says it sold, quote, millions of alexa-enabled devices, including the fire tv stick with the alexa voice remote and the echo dot. nerd wallet does verify that prices on those items were lower than amazon prices on black friday other top-selling items again this year include that instapot. everybody wants one and the lifestyle personal water filter as well as crest 3-d white professional effects whitening strips data from edison trends suggest this year's prime day event might have gotten off to a slower start than the previous two years because it began at 3:00 a.m. eastern time instead of 3:00 p.m. last year and then 9:00 p.m. in 2017. so that makes sense

reagan joins me there was a time when everybody thought marc lore walked oun water and this was the home run for walmart. what happened? >> i think part of this is predictable in that an entrepreneur going into a big traditional organization and trying to drive really drastic change but i think part of it is also just some disagreement over the strategies and some of the organization wanting to see a path to profitability for this u.s. e-commerce operation >> it could be argued they're being very impatient let's not forget how many years amzaup lost money asit built the business of e-commerce, but now walmart expects a profit very soon. >> that's the walmart way. as jason points out in his report, it's not the walmart way to be unprofit nl. the way they have embraced the innovation and entrepreneurial spirit, they have allowed marc lore and his team to build has been refreshing for investors who want profit right now and have not been as patient as an amazon investor has been that's part of the criticism for folks in retail trying their best to catch up and make sure they systems ca

. >>> let's get over to courtney reagan for a news update. >> good morning. here's what's happening at this hour defense secretary mark esper arriving at the pentagon for his first day of work saying he was anxious to get his leadership team in place. he thanked president trump for his support. >> i really appreciate his confidence in me, and i really appreciate the senate's overwhelming support, bipartisan support of my confirmation really overwhelming, and i'm anxious to get the leadership team in place and get to work. >> barricades have been set in san juan as ongoing protests are expected to continue to put pressure on the puerto rican governor to resign many wonder how the governor will be able to stay in office amid the massive demonstrations to oust him. >>> and organizers of the 2020 tokyo olympics unveiling the competition medals one year before the opening ceremony. they're designed to collect and reflect light, symbolizing the energy of the athletes and those who support them that's our cnbc news update for the hour let's get back over to "squawk

. >> courtney, thank you courtney reagan back in headquarters with the latest in amazon prime days, plural. let's continue the conversation. senior restaurant and retail analyst. good morning to you. when will we know if prime day was a success? >> i think we'll know right out of the gates i think what you see is the company gives some updates as they go through the two days so i think we'll know pretty early on how they're trending compared to the past couple years. i actually think we could see a 50% jump-up from last year, something in the 6.3 to 6.5 billion. i think we'll know early on and we're already seeing a lot of indications, too, with the early deals, and particularly on the subscription front i think that's what amazon is really pushing this year, is not only to get more prime members in but engage with them and offer them services like music, audible, kindle. i think that's where they're going to be successful in not only getting the members in. instead of the based 120 membership fee, they end up paying $150, $200 a year i think that's what amazon is looking for. >> you menti

reagan was reporti ini earlier arier in the week -- >> 6% of commerce in america >> they are distant, but number two. >>> the stock's been lower for most of today's session. up next covering all the angles in our closing countdown ♪ you should be mad they gave this guy a promotion. you should be mad at forced camaraderie. and you should be mad at tech that makes things worse. but you're not mad, because you have e*trade, who's tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. don't get mad. get e*trade's simplified technical analysis. >>> welcome back we've got five minutes left to go major averages are lower right now. it's time for the closing countdown. let's trade with herb morgan whatever you watching in the final minutes of trade >> well, we're watching a lot of things, but mostly for accumulation in the last 30 minutes of trade to confirm our view, you know, it's time to stay long risk assets as we go into the fed meeting on july 31st >> and in terms of the fed meeting on july 31st, what are you expecting?

let's start with prime day courtney reagan with a preview of that. courtney. >> amazon's fifth annual prime day event starts at 3:00 a.m. eastern monday, runs for 48 hours for prime members in 18 countries. there will be more than a million deals. core site estimates the event could generate $5.8 billion in global sales since you have to be a member to get the deals, the event is a recruitment tool, too. prime day isn't just a big day for amazon though. it has created a halo effect for rivals, many which offer competing deals. adobe analytics predicts sales could surge 79% compared to an average monday or tuesday in july >>> thank you very much. now chewy is set to post results for the first time since going public lesley pickard has the preview hey, lesley. >> hey, wolf that stock up 55% since its ipo just last month. a slew of analysts initiated coverage on chewy this week with more holds than buys actually. the main bearish case on the street is valuation. the stock popped in its ipo as investors clamored for the largest pure play online pet retai

courtney reagan with the results. courtney >> hi there, sara. for the second quarter, mattel did post a loss, but it was a smaller than expected loss, coming in at 25 cents. the street had been looking for a loss of 40 cents revenue also stronger than expected at $860 million the street had expected $813 million. gross margin also very strong, 39.7%. last year for the same quarter, gross margin was 30.1% so, a really big jump there. they're not quite yet profitable, but the company talks about moving closer to profitability in its turnaround. and then if you look at the segments, barbie again strong. worldwide growth sales up 9% hot wheels up 5% fisher-price, though, continuing to be sluggish those worldwide growth sales down 6%. and american girl down 23% for worldwide gross sales, so that's still a struggle point the company is not giving updated guidance through its turnaround, so nothing there, but shares are higher after hours by almost 6% they had been higher by more than 7% at one point in reaction wilf, over to you. >> cool, thanks very

i'm carl quintanilla with courtney reagan, david faber of post nine. new york stock exchange. it's another morning of a tight range. dow's down about a point we look at facebook on the hill again. retailers hit by this goldman sachs downgrade and csx transports worst day since may 18. >> under fire. the eu launching an investigation into amazon. >> facebook heads back to capitol hill for another round of grilling. >> plus, the cannabis consolidation making an $800 million purchase making the world's largist cannabis company. >>> the head of khalib ra, david marcus, going back to capitol hill for a second day of testimony. elon is in washington watching developments i wonder how will be different >> the hearing is just about ready to get underway. i expect it to be con fran da confrontational. maxine waters has called for a moratorium and she is calling for the keep tech out of finance act. it would facebook and other large platform with $25 billion in global revenue from ever establishing a digital currency. the goal is to create a firewall between banking and commerce and the

let's start with a preview of levi's courtney reagan has that >>> it's the second report since going public in late march analysts expect earnings of 13 cents per share on revenues of $1.297 billion investors will look for continued strength in international sales with improvement in china and when it comes to tariffs on levi's goods, that are manufactured in china and imported into the u.s., levi's recently said the impact is negligible guggenheim analyst bob durble, expects growth in the direct-to-consumer business which he estimates would expand gross margins by as much as 100 basis points shares of levi up 35% since the public debut that outpaces the xrt retail etf down 4% in the same time frame >> thank you so much >>> boeing is set to release its june orders and delivery numbers tomorrow phil has a preview of that for us phil >> like so much of everything that revolves around boeing, it is all about the 737 max now the backlog now is approximately 4,400 planes there have been no firm orders placed since the grounding remember, only going through the end of june. cancelations ye

an alert on td ameritrade and courtney reagan has result. >> for td ameritrade the earnings per share did come at $1.04 adjusted stronger than expected revenue at 1.49 billion. the street was looking for 1.47 billion another key headline, ceo tim hauck -- hockey is scheduled to leave. another headline out of td ameritrade the shares were higher by 1% 2% initially and putted back just a little bit on the results and the news of the ceo departure. sara, back over to you >> courtney, thank you don't miss our interview with td ameritrade ceo tim hockey tomorrow right here 3:00 p.m. on "closing bell. i guess they're giving some time, 2020 he's going to step down and the search is on for the successor. >> earlier if they find a replacement but it does seem as if -- i wouldn't say it's expected i would be interested to hear how he describes the move tomorrow but obviously it's, you know, methodical move. obviously creating a search and things like that seems like the market is not taking it too poorly obviously this is kind of a big platform company one of the big three in the industry and i

a number of things to accelerate that progress >>> joining us now to talk about amazon's holiday is courtney reagan >> we're now halfway through that 48-hour prime day event amazon said worldwide sellers predominantly small and medium-sized businesses saw the biggest 24-hour sales day in amazon history amazon says it has sold millions of alexa-enabled devices including the fire tv stick and the echo dot nerd wallet said prices were lower than 2018 prices for those devices. other deals were instapot, the life straw water filter and crest whitening strips while this is the longest prime day yet, data suggests that this year's prime day sales got off to a slower start on amazon.com than the previous two years. because it began at 3:00 a.m. eastern time most folks are sleeping instead of 3:00 p.m. like last year and 9:00 p.m. in 2017. price blink says based on page views from the start of prime day, 3:00 a.m. monday through midnight, at walmart.com people were interested in the instapot, the google home pad mini and at best buy, the highest page views went to the play station, apple ipad 128 gig

. >> courtney reagan will join us now with more on what we can expect. >> prime day has been underway for about three hours. looks like andrew is already getting ready here this year's event is two full days consumers have plenty of time to shop on amazon and competing retailers. what of consumers told us that they'll do before this event starts a survey found that 76% of u.s. prime members will shop the event. that's up from 63% last year makes sense, and then of those plng planning to check out the deals, nearly all of them 98% are going to shop on amazon. 6 in 10 are going to compare prices on other retail websites before they check out on amazon. there's some competition and more than a third say they'll shop for deals at other retailers. 17%, though, hey, they're going to check out the stores, too could be deals to be had there mpd says prime day shoppers, primarily female, more likely to be single. millennials and gen xors, high and low income, though half have household incomes under $75,000 for these prime day shoppers and the third have household incomes of $100,000 or more.

courtney reagan has been watching this and has more >> it's been a long 48 hours >> deals galore. >> it ended three hours ago. amazon's prime event we don't know how the full thing wrapped up it was the longest by 12 hours amazon has told us so far that worldwide sellers, predominantly small and medium sized businesses saw the biggest 24 hours sale day in amazon's history. amazon's first 24 hours of prime day sales were 79% higher than last year according to e-receipts adobe analytics says they saw a 64% increase in sales versus an average monday in july compared to last year's 54% growth on prime day. even the niche retailers saw a 30% increase on online sales based on an analysis of pain views, the echo show 5, fire tv stick with alexa remote and kindle paper weight were the top sellers. it makes sense because those were drastically discounted on amazon's sales day events. walmart during prime day, the page views there indicat instapot, the apple watch 3, the vizio 54 inch 4k tv were the big sellers. when you have a big peak and a swell of packages coming through the system at the