DAVID: WALMART IS TAKING ON
AMAZON, LAUNCHING A FREE NEXT
DAY DELIVERY SERVICE WITH NO
MEMBERSHIP FEES.
CUSTOMERS IN PHOENIX, LAS VEGAS
AND SOUTHERN CALIFORNIA WHO BUY
AT LEAST $35 WORTH OF GOODS WILL
GET FREE ONE-DAY SHIPPING ON AS
MANY AS 220,000 ITEMS.
AMAZON FIRING BACK WITH A TWEET.
OTHERS ARE TRYING TO UP THEIR
FAST SHIPPING GAME.
THE FACT IS AMAZON MERS IN
THOUSANDS OF CITIES ACROSS 44
MAJOR METROPOLITAN AREAS ALREADY
HAVE ACCESS TO MILLIONS OF ITEMS
WITH SAME FREE SAME DAY
DELIVERY.
CUSTOMERS ARE SMART.
THEY KNOW THE DIFFERENCE.
SO IS AMAZON GETTING A LITTLE
NERVOUS?
>> NO, I DON'T THINK THEY
SHOULD.
NOR SHOULD THEY BE.
WHAT SHOULD BE GETTING NERVOUS
IS RETAIL.
RETAIL OUT THERE, ORIGINAL
MOM-AND-POP KILLER WALMART IS
GOING AGAINST THE NEW
MOM-AND-POP KILLER AMAZON.
THIS IS GREAT FOR THE TWO
COMPANIES.
I BOUGHT AMAZON STOCK A WHILE
BACK, BUT I BOUGHT WALMART ALONG
WITH IT BECAUSE WALMART HAS
STORES IN EVERY SY IN AMERICA.
WHEN THEY TO TO SAME DAY
DELIVERY, THEY DON'T HAVE TO
BUILD WAREHOUSES LIKE AMAZON
DOES.
IT IS EASY FOR WALMART TO USE
EXISTING STORES AS E-COMMERCE
CENTER.
>> THIS IS COMPETITION.
WHO BENEFITS AT THE END OF THE
DAY?
THE CONSUMER.
THE AS SOON AS COMPANYIES
DECIDES TO UP THE GAME ON
SHIPPING.
EVERYONE FOLLOWS SUIT.
DAVID: FORGIVE ME, CARL.
THAT IS THE PRESIDENT STEPPING
OFF THE PLANE.
HE WAS IN LOUISIANA ALL DAY.
THERE IS RALLY IN NEW ORLEANS
TONIGHT.
THERE ARE NO MICROPHONES AROUND
HIM.
WE MAY KEEP THE PICTURES UP, GO
AHEAD.
>> I DON'T THINK HE IS
DELIVERING ANYTHING ONE DAY TO
ANYBODY.
I THINK IT'S A GOOD THING.
OBVIOUSLY THE LAST MILE TO GET
TO THE CONSUMER IS GOING TO BE
REALLY IMPORTANT.
I THINK THEY HAVE VERY DIFFERENT
STRATEGIES AS JOHN MENTIONED.
WALMART ALREADY HAS THE STORES
ALL THE WAY AROUND.
I THINK THEY WILL FOCUS ON
DIFFICULT KINDS OF GODS AND
SERVICES.
>> WALMART SET A MINIMUM PRICE
OF $35.
THEY WILL TAKE A LITTLE OUT OF
THEIR MARGINS.
AMAZON SAYS, IT IS NOT LOSING
THEM MONEY.
I FIND A FIVE DOLLAR THING BEING
DELIVERED IS HARD TO BELIEVE
THEY'RE NOT LOSING MONEY ON
THAT.
BUT I WILL NOT CHALLENGE AMAZON.
I'VE BEEN WRONG A DECADE
CHALLENGING THEM.
DAVID: MARK?
>> THIS IS CAPITALISM AT ITS
FINEST I'M WAITING FOR FIRST ONE
TO PAY ME TO RECEIVE THEIR
PRODUCTS SO.
DAVID: IT IS EXTRAORDINARY.
JOHN, YOU HAVE TALKED ABOUT THIS
A LOT.
RISING TIDE CAN LIFT ALL BOATS.
YOU DON'T HAVE TO HAVE ONE OR
THE OTHER AS THE PRESIDENT
PRESSING THE FLESH IN THE CROWD
HERE IN NEW ORLEANS.
GO AHEAD, JOHN.
>> YOU LOOK WHAT AMAZON HAS DONE
WITH ALL MOM-AND-POP BUSINESSES.
PEOPLE WERE UPSET ABOUT WALMART
MOVING INTO SMALL COUNTRY TOWNS.
AMAZON IS SLIGHTLY DIFFERENT.
THEY HAVE THIRD PARTY SELLERS ON
THE SITE.
THEY HAVE CREATED A LOT OF
START-UP MILLIONAIRES AN FEW
BILLIONAIRES WHAT THEY DO.
>> ABSOLUTELY.
WALMART IS STARTING TO DO THAT
AS WELL.
THESE ARE BECOMING HOME
PLATFORMS, INSTEAD OF SELLING
PROPRIETARY SERVICES THEY ARE
HELPING EVERYONE --
>> YES, AOC WAS WRONG NOT
SUPPORTING AMAZON IN NEW YORK.
JUST TO MAKE SURE WE'RE ALL --
>> CAN WE GET A HIGH-FIVE ON
