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City among like-minded people and say, this is how the world should run. doug mcmillan knows america. he knows who his employees are, he knows who his customers are and walmart is also a family-founded company and you've got the waltons sitting over them. >> you have walmart employees who were signing petitions last week for him to take steps like this. you have polls in this country that show that people want reasonable gun sales. will there be a backlash? there will be a backlash of some sort. ed stack deserves a lot of credit, the ceo of dick's sporting goods, the warning is going further t...

Sure momentarily will come out with a statement criticizing this -- but walmart is not actually probably going to hurt their bottom line to sell fewer guns and ammunition because they can sell other things they sell more of. >> walmart sells so many products but the question will be, it might not hurt them to lose out in gun sales but will it hurt them with their customer base that didn't want this change. we know from ed stack the ceo of dick's sporting goods, he made a decision to stop selling assault style rifles and in a huge portion of their stores stop selling guns completely. it impacte...

Turning now to breaking news, a different kind of sad news. we just learned that nobel and pulitzer prize winning author toni morrison has died at the age of 88. her publisher tells nbc news she died last night at a new york hospital. in 1988 morrison won a pulitzer prize for her writing. in 1993 she was awarded the nobel prize in literature. in 2012 president obama presented morrison with the presidential medal of freedom. coming up, when the government is in gridlock, is big business responsible for stepping up? i spoke to dick's sporting goods ceo ed stack about their move as a new op-ed ...

I spoke to dick's ceo ed stack yesterday about that decision and what else he thinks needs to be done. >> i will tell you we had a number of people who are avid shooters and hunters and outdoorsmen who said, we understand this. we don't think there's a need for the assault style rifle. and continue to be a part of our customers. there was a lot who left us. and we understood that. we knew that was going to happen. there was an awful lot of people who endorsed this and to me, this is an easy decision. it was an expensive decision for us. but i can tell you if we had a chance to do it all over a...

These bills are not likely to go anywhere in the senate. joining me is ed stack, the ceo of dick's sporting goods. mr. stack decided to stop selling assault-style rifles and raise the minimum age for gun buyers to 21. ed, thank you for everything you've done. you signed a letter with other ceos supporting this. but the truth is, it's not going to go anywhere in the government. does it frustrate you, that business leaders like yourself, are doing more than government? >> it frustrates me that things aren't moving along at a faster pace. you would think that universal broupd che background check...