Axios

It's been a bad year for retailers, as investors have been dumping the entire sector (except Amazon). With consumers continuing to move their shopping online, the latest victim is bulk retailer Costco, whose shares fell by nearly 6% by Friday afternoon, making it the worst performing stock of the day in the S&P 500.

Why investors have soured on the company: Costco announced shrinking profit margins, combined with a plan to begin a grocery delivery service, which may end up cannibalizing more profitable in-store sales. The news seems to have served as an admission to investors that Costco—which as a bulk retailer was thought to be immune to online competition—is feeling the heat from Amazon and Walmart's stepped-up e commerce division.

The late-night comedy kings — including Jimmy Kimmel, Jimmy Fallon, Seth Meyers, James Corden, and Stephen Colbert — made no mention last night of the bombshell New York Times report uncovering more than three decades of sexual harassment allegations against famous Hollywood producer and power liberal Harvey Weinstein. Only The Daily Show's Trevor Noah made a brief aside, per Grabien.

What to watch: The silence is uncharacteristic of the hosts, who tore into former Fox News anchor Bill O'Reilly and Fox News chief Roger Ailes for sexual harassment allegations brought against them. But the hosts may have been wary of jumping the gun on the Weinstein story, given it broke just hours before the taping of their shows.

The U.S. economy lost 33,000 jobs in September while the unemployment rate fell to 4.2%, compared with economist expectations of 75,000 new jobs and a 4.4% jobless rate.

Last month was the first in seven years when the U.S. economy lost jobs. It bled 52,000 jobs in September of 2010.

President Trump lashed out at the news media this morning on Twitter, calling "so much of our news" in the United States "just made up-FAKE!" But here are 3 stories that prove real news still matters:

• The New York Times in a bombshell report exposed decades of sexual harassment by Harvey Weinstein, one of Hollywood's most powerful producers. Eight women spoke on the record , including actress Ashley Judd. Weinstein issued an apology to the Times, promising "to do right by all of [the women he's hurt]" before later promising to sue the paper.
• The Pittsburgh Post-Gazette published text messages between Rep. Tim Murphy and his mistress, in which he pushed her to have an abortion during a pregnancy scare despite his public pro-life stance. Murphy announced yesterday that he wouldn't be seeking reelection in 2018 before changing his mind today and abruptly resigning, effective later this month.
• Politico tracked the taxpayer-funded private jet travel of HHS Secretary Tom Price, forcing his resignation. Yesterday, the two reporters behind the Price stories published details of the airport stakeouts and meticulous reporting that underpinned their stories.

Netflix is raising the price on its most popular video plan from $10 a month to $11 a month, a change which could affect most of Netflix's 53 million U.S. subscribers. The plan in question allows users to stream simultaneously from multiple devices. Netflix is also charging more on its ultra-high definition video streaming, which is going up from $12 a month to $14 a month.

Why it's happening: Netflix is trying to foot the bill to subsidize increased programming costs, in part due to original programming in the pipeline (its first original programming only just kicked off in 2013 with "House of Cards"). It's expected to spend nearly $7 billion on programming this year alone to meet consumer demands, and costs may rise more for Netflix to stay competitive with other on-demand video platforms.

The growing popularity of online shopping has hit traditional retailers hard, culminating in a spate of retail bankruptcies and store closures in recent years. But according to a new analysis from the Federal Reserve Bank of New York, the retail apocalypse has actually created nearly as many jobs as it has killed.

MSNBC's Stephanie Ruhle said Thursday that she stands by the NBC News report that Secretary of State Rex Tillerson called President Trump a "moron" and almost resigned. Addressing Trump directly — who tweeted earlier that the story is "Fake News" and sought "No verification from me" — Ruhle hit back on her show:

Sir, we didn't need to verify that he called you a moron, he did it behind your back.— Stephanie Ruhle, MSNBC.

WeWork may have recently sold its investors on a $20 billion valuation thanks in part to "energy and spirituality," but it's also developing actual tech that could enhance its office rental business. As part of a recent partnership with Mastercard, the company is testing payment technology that could make it easier for workers to pay for desks or conferences rooms by the minute, or for the snacks they purchase at the office.

Desk appeal: WeWork wants to use technology to make office life easier and more efficient. That's also why it's helping customers design their own offices, testing technology to track office traffic patterns, and developing office management tools.

"Amazon.com is flooding the zone at business-school recruiting events — drawing overflow crowds and irking other recruiters," writes Wall Street Journal's Kelsey Gee.

The takeaway: "Many big banks and consulting firms now want to know when Amazon is coming to campus so they can schedule their visits for a different day and avoid going head-to-head for an audience."