Jim Kramer here to share a short preview of my take on the market from today's

members-only CBC Investing Club Morning Meeting.

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That's one word, morning take. I want to go right there with Kevin

because he and I work toe to toe to in this one with Costco. Stock's getting hit very badly.

There are some things that are wrong here. Yeah, the membership growth, 4.1% overall is getting

a lot of attention. I think people are maybe looking to see a little bit

more. As are we, frankly. We do want to see that be a little bit higher. But I think that's kind of

pulling it down. We're also seeing like Walmart and Targeter down today too. So not a great day for

retail overall. But the thing with the membership growth that Jim and I were talking about this

morning, that's interesting and a little bit of a silver lining was the growth of the executive

level. This is the more premium tier. And they're seeing strong growth. That was about like 9%

in the quarter. So that was something that makes them feel overall healthy. But at the same

time, the interchange between the analysts and the CFO was very suboptimal because the analysts were all trying to figure out something's going wrong here.

And the company was saying, no, like we've got good buys.

Things are like it.

And they were really talking across purposes.

And the reason they were is that the analysts tried to build a model.

And the models really substantively based on dues.

And if you're not getting the re-ups,

if you're not getting the new people coming in,

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