Later, stop trading. Thats the message to the aging generation well tell you why it could be a warning sign power lunch starts right now i feel so good being part of the aging generation yo boomers out there im standing tall with you all here is where we stand stocks are taking a breather from record highs. The company gave a grim out look saying its facing increased economic pressure. We dive right in now with walmart. The retail giant and d ow component hitting all time highs. Same store sales strong. Online sales surge 41 and they are seeing strong growth in snacks and beverages and fresh food digital and grocery Growth Drivers are the key. Does the stock still have room to run lets talk about that. Groceries have been a big driver theyre the largest grocer in the country and not by a small margin now they are going to orders and delivery and they will put it in your refrigerator. Sure. 56 of walmart sales in the u. S. Come from grocery. Just to put that into p perspecti perspective. They have been scaling up their infrastructure on the back end for years now. It got the point you can pick up groceries from 3100 stores in the u. S. They will deliver your order from 1400 stores earlier this month they launched an unlimited grocery delivery option where you pay 98 a year which is a little bit less than an amazon prime subscription but you can have as many grocery orders delivered as you want clearly stepping ahead within that category. They have been a disrupter not just in grocery but in digital. Yes digital is a big part of their grocery business they called that out continuously this quarter. That 41 growth online a lot of that is thanks to grocery which is a low margin business to be in. I think thats the one area that investors are kind of looking at is margins thank you very much hang around as we bring in joe feldman. He has a bullish rating on walmart and increased his price target from 125 to 130 joe, welcome good to have you with us as luck would have it, at an ve event on tuesday, we have the ceo, Doug Mcmillan of walmart. Hes our lead off guest. Becky will interview him what would you asking him . Your first question if testifies hitting right there. First thing id want to know is how he will continue to integrate the digital side of the business with the physical side and how does he expand beyond grocery to capture more wallet funds what will be the key to that . He mentioned increase of sale of general merchandise. Do they not have the right mix there in general merchandise how do they need to change that business to attract consumers . I think they have the right mix. Its matter of getting the product in front of consumers. Maybe doing a better job when doing an Online Grocery order of presenting more general merchandise or things that might be topical or seasonal at the time they are starting to do that with grocery i know they are doing things like moms going to pick up the groceries, her child has a party to attend, why not buy the toy and have it at the car at the same time. I was going to ask you, joe, if you went back and dialed back the clock six years ago, its very risky to bet against the biggest guy in the room but would you have guessed that walmart would have made the kind of transformation, the kind of evolution that it has from where it was six years ago to where it is today, what do you think . Candidly, the makings were there but i dont think a lot of people would have guessed that i dont either. You see a lot of retailers dealing with it. Its tough for them to turn things around as quickly as they have and become a much more nimble company, to think like a digital company, these guys have been a very good job. Really strong management just throughout not just Doug Mcmillan but all the way down i think thats the quality of kwau walmart. Thank you very much we appreciate your time today. You have an out perform on walmart with 130. Thank you as well. Dont forget to visit cnbc. Com disney plus having a strong debut. More than 10 Million People have signed up despite some hiccups, its been magical. Plenty of unknowns remain. Subscriber loyalty disney may be at the top of the world but could this turn out to be disney. Great to have you both. I think the question for a lot of investors is given the run we have seen since they announced the pricing plan we have seen a huge gain in market capitalization how much of that is warranted at this point ten million is a great number but this is baking in a lot we can put multiples on the traditional business we know its probably a work around investors are describing Something Like 80 million. Clearly a lot from the valuation side is being put on disney plus service. Do you agree with that . It remains to be seen how large lit be netflix has 150 million still using cash flow per year and you have a whole new suite coming in. You have amazon and disney who just entered hbo max, peacock which is comcast streaming Service Coming out next year. It seems so far were not seeing a lot of profit. Its om going nly going get more competitive. Were not going to see profit for i dont know how long. Five years. He said dont look for profits until 2024 and they are looking for 60 million by that point. Thats basically a million subscribers they are signing up. Thats the number of subscribers that netflix has in the United States currently and they are not profitable. They dont have a pay one window disney has that component. For everything it green lights for, disney, pixar, marvel, they get paid for that and it continue on their service and they continue to get paid. Its slightly a different structure for them disney has a tremendous content infrastructure in make sure, they make it netflix has to go buy it and build it the content between the two is very large. That being said, disney has these brands in which content exists they have the existing library that is there and its deep as the ocean is they have come in at a very attractive price point i think we would all gree. Its hard to say no to whatever it is its hard to say no to an incremental 7 a month if you have two kids and thats the last retail price. She laughs im guessing by 2024, its not 6. 99 i think in two years youll see pricing power. Netflix raises its price every two months its just the way the marketplace is going before you know it you have your streaming bundi inles rivals wh you paid for cable before. For every regular subscriber they are losing on the declining legacy business. Thats more money they are pulling in they still generate 8 from the eco system those faced all the same secular head winds much more than the streaming subscriber but its grown. That base is growing how much are they willing to wait through that hand off with this kind of valuation already in the stock thats the question question youre buying into the idea theres start up at disney you want to value that its trading at a high multiple. How much of it do i want my dollars to go there versus the traditional business the only other thing i point out is for netflix and the u. S. The coast to generate a new subscriber is increased substantially. It used to be 30 there a 30. Today it costs them 200 plus marketing per net subscriber thats what cable costs were going to have to leave it there thank you so much. Coming up, fidelity warns baby boomers theyre stock portfolios are too risky how should they invest Elizabeth Warren out with a new campaign ad. It will air on cnbc taking on billionaire who is oppose her wealth tax two of the billionaire mentioned in that ad are firing back power lunch will be right back this piece is talking to me. Yeah . So what do you see . I see an unbelievable opportunity. I see bestinclass platforms and education. I see awardwinning service, and a trade desk full of experts, available to answer your toughest questions. And i see it with zero commissions on online trades. I like what youre seeing. Its beautiful, isnt it . Yeah. Td ameritrade now offers zero commissions on online trades. Mplgt welcome back now is the time to stop trading stocks hi, bob. Very interesting. Some baby boomers may be too heavily invested in stocks fidelity found that many 401 k account holders had stock allocations higher than those recommended for their age group. 23 have a higher percentage of equity than recommended and among baby boomers its higher 37 have too much in equity. What does all of this mean it mean a small subset of investors might want to Pay Attention and rebalance their portfol portfolio. It may mean that fidelity and other Fund Companies need to reexamine the way the funds allocate between stocks and bonds. Fidelity recommends a maximum allocation of 70 of stocks. If you retire at 65, you live another 20 years, having a higher allocation to stocks may make perfect sense longer life spans mean investors could hold riskier assets a lot longer all right, bob, stick around for us is it really a warning that this long live bull market may be running out of steam or is that the code in here at all. Lets bring in chief investment strategist what do you think of this suggestion that boomers are over invested in equities it does surprise me a bit. It surprises me, tyler. I have to think they are talking about diy, do it yourself inv s investo investors. We find our investors generally are pair portfolios are designed in context of their risks, risk tolerance. Their objectives and goals and way under 100 of their portfolios and objectives. In this particular point in time with Interest Rates as low as they are, if you can get 2 and achieve that on an annual basis over the years, the lucky thing is youll double your money in 36 years on the other hand if you can get 6 on average over the years, you can double your money in approximately 12 years the average return, price return of the s p 500 since the end of 1997 up until last weekend including the tech bubble, the housing bubble, all that kind of stuff, the financial crisis. Average return of the s p 500 is 6 thats before dividends are considered we have to think that stocks are important. Its important to consider their goals and objectives we would consider the professional experience adviser to help them make their decision bob, im curious here im more heavily invested in equities perhaps than the models would suggest. I do think the returns, you m r never go wrong if you bet on america. Thats kind of my thinking there. Im curious if you look at fund flows as i know you do and to etfs and mutual funds its been heavily into fixed income. Not just for a little while. I think that is certainly there. I think the problem is people are very concerned about future and that what they see is a lot of uncertainty they trend is to put more money into bonds dont kid yourself theres still a lot of money in stocks much more than fidelity thinks people should have the bottom line is it makes perfect sense. Stocks that out perform bonds dramatically in ten years. Why shouldnt people put more money in stocks than bonds remember the age thing remember invest in bonds what your age is. 60 years old, you should have 60 in bonds thats crazy if youll live to 85 or 95 years old a the numbers are all wrong. Vanguard should go back to the drawing board and start redoing the recommends recommendations. How does that jibe with the old saying theres cash on the side line still . I think theres a tremendous amount of cash on the sidelines. As bob and tyler were saying, a lot of people have been putting money into fixed income as opposed and taking money out of the equity market. Im not really sure what fidelity is looking at i have not read the report i dont have access to it but from what i can tell from the very well vetted news services, including yours and others, it would appear theres some other thing they are looking at. We suggest on the broadest basis, for the beginning of a consideration 68 global connects overweight the u. S. With the balance of that portion in equities, in international, developed and emerging markets. All of that in coordination with the individuals tolerance to risk and goals and objectives. The real risk we would see here today we think theres more risk in the bond market than there is in the broad stock market as the s p 500 at this point. Based on technology and globalization in creating opportunity. You have to make your judgment from there all right thank you very much. Thank you coming up, why ibm is making a big push into Weather Forecasting. Can big data warn us about big storms chips have been hot lately thats next on power lunch through the at t network, edgetoedge intelligence gives you the power to see every corner of your growing business. From finding out whats selling best. To managing your fleet. To collaborating remotely with your teams. Giving you a nice big edge over your competition. Thats the power of edgetoedge intelligence. But when i started seeing things, i didnt know what was happening. So i kept it in. He started believing things that werent true. I knew something was wrong. But i didnt say a word. During the course of their disease around 50 of people with parkinsons may experience hallucinations or delusions. But now, doctors are prescribing nuplazid. The only fda approved medicine. Proven to significantly reduce hallucinations and delusions related to parkinsons. Dont take nuplazid if you are allergic to its ingredients. Nuplazid can increase the risk of death in elderly people with dementiarelated psychosis and is not for treating symptoms unrelated to parkinsons disease. Nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. Tell your doctor about any changes in medicines youre taking. The most common side effects are swelling of the arms and legs and confusion. We spoke up and it made all the difference. Ask your parkinsons specialist about nuplazid. Welcome back one och of our next guests saysa different chip maker could hold the key to the semi stocks next move matt, whats your bellwether chip stock right now we dont want to lose sight of whats been going on in micron technology. The stock really hasnt been acting well lately historically it wasnt correlated to the smh. Over the last four years its been incredibly correlated especially in a directional basis. When the smh made a new high in november and held that high, micon made a lower high and start over a little bit. It seems to be forming a classic head and shoulders pattern if you see a further break down in micron, it will be a lot more discriminating on which stocks in the sector. Definitely need to stay on alert. Our focus is on those companies in the higher Growth Markets that we want to be in. Gaming, data center, ai, Autonomous Vehicle gaming and ai continue to be the key Growth Drivers and looking really strong there. Theres a growing number of blockbuster games that are coming out on the market that are embracing their tracing technology that has a incredible amount of realism. The stock was almost at 300 bucks last year. Now it is strongly moved back above 200. Its out performing the broad semiindex by 20 i think theres more room to run. All right well see those results later today have to say about that thanks a lot more more trading nation head to our website or follow us on twitter. Melissa, back to you ahead, Elizabeth Warren bringing her fight against american billionaires right here to cnbc. His response next. We have details and wework losses ballooning. The company shedsing more a Million Dollars in the Third Quarter. Well speak to one expert who says wework cannot be fixed. It was sophies big day. By the way, shes the next mozart. As usual we were behind schedule. But sophies enthusiasm cannot be dampened. Not even by a runaway donut. We powered through it in our toyota prius. Because a stars got to shine, no matter what. Its unbelievable what you can do in the prius. Toyota lets go places. Platform in the cloud age. When we started datadog nine years ago, our mission was to break down silos and bring teams together. Nearly 9,000 of the worlds most Innovative Companies rely on our platform daily to run their business and delight their own customers. We see a massive opportunity in the years to come, and as we celebrate todays milestone, we are even more excited about the future. Congratulations datadog. Wheeveryone is different. Ta, which is why Xfinity Mobile is a different kind of Wireless Network that lets you design your own data. Choose unlimited, shared data, or mix lines of each and switch any line, anytime. Giving you more choice and control compared to other top wireless carriers. Save up to 400 a year when you switch. Plus, get 50 off when you buy any new lg phone. Xfinity mobile. Click, call or visit a store today. Welcome back on capitol hill senator Lindsey Graham says neither he nor President Trump watched the impeachment hearing stressing he believes the president will not be impeached this whole thing is a joke. Im not persuaded by the quid pro quo argument Nothing Happened here. Were not going to impeach this president over this. Were not going to legitimize a hearing where you can only call democratic witnesses its over. Mpl supporters blocked highway across pakistan in a effort to pressure their president to resign their ended their sit in in the capital. China inviting International Observers to a test of its mars lander as it pushes for inclusion in global space projects it was conducted at a site outside of beijing china plans to launch to mars next year. Youre up to date. Thats the news update back to you. Thank you very much. Lets take a check on the markets. The dow is up be 12 points the s p 500, that index has been 13 points. Were unchanged. We have the nasdaq and the russell down time for todays power movers we begin with canopy growth. The company losing more money than expected an dispiappointing on revenue as well other marijuana stocks getting burned the chicken producers are rising u. S. Trade representative confirm that china will lift its ban on u. S. Poultry. It estimates that could be worth a billion tldollars in sales per year Elizabeth Warren is out with a new campaign ad running right here on cnbc the ad targets billionaires. It is time for a wealth tax in america i