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Exclusive: Why the 'Trump premium' has dropped to zero

Stocks (^DJI^GSPC^IXIC) are down slightly at midday, with industrials (XLI) leading and energy (XLE) lagging. Consumer staples (XLP) are currently pulling in the rear. Alan Valdes, director of floor operations at Silverbear, joins us live from the New York Stock Exchange.

To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance’s Rick Newman and Thomson Reuters correspondent Bobbi Rebell, author of “How to be a Financial Grownup.”

Walmart’s war against Visa
Walmart is stepping up its fight against Visa. The retailer isn’t accepting Visa credit cards at three of its Canadian stores. This is in regards to a dispute over credit card fees. How will disrupting their customers help Walmart in the fight?

Trump’s brand takes a hit
It’s called the “Trump premium.” That’s the extra value that Donald Trump’s name used to add to his properties. But that premium has eroded—and dropped to zero since the controversial business mogul made his presidential bid.

Nintendo reaches ‘boss level’
Pokemon Go has just pushed the company past rival Sony. Nintendo’s value jumped above $39 billion in Tokyo, setting a record for the most shares ever traded daily in Japan. How long can this last for Nintendo?