. >> good news for t.j. maxx workers. they are following in wal-mart steps and getting a raise. >> the owner of t.j. maxx marshals and home goods will pay $9 an hour in june and 10 bucks next year. wal-mart said it would be writing bigger paychecks. ikea and gap said the same thing. this puts pressure on other retailers to do the same thing to keep good worker from going somewhere else. higher wages means higher prices for customers. that might be an upshot of all of this. >> i love home goods. >> me too. and t.j. maxx and marshals. >> one company is soon to be selling edible coffee cups am. breakfast and dessert in one. >> it is exciting. kfc is the company. they plan to serve customers coffee in a cup that you can eat. it will be made out of a waiver that is lined with white chocolate then wrapped in sugar paper. they are called scozi cups. they will sell them later in the u.k. no plan for the u.s. yet. we have no idea how many calories are in those. let's show you stock futures. the dow set to set new records today. ai

. >>> the parent company of t.j. maxxll's and home goods is the latest to increase workers' pay. t.j. maxx says it will increase workers' pay to $9 in june. walmart, ikea, and the gap have also recently increased em employeee pay. >>> and, lauren if it's up to kfc, you'll soon be able to scarf down your cup after you finish your coffee. that's right. kfc is introducing edible cups called scoffee cups. they're edible lined with sugar paper and infused with freshly cut grass and wildflowers. they plan to introduce those cups in their uk franchise. >> where's the love for us in the u.s.? i want my dessert and drink in one. when is it coming here? we'll wait and check on that one. jill wagner at the new york stock exchange. jill, thank you. >>> madonna said she's doing fine after a performance in london taking a tumble during a performance. she fell backward off the stage at the brit awards. she landed awkwardly down the set of stairs after her song "living for love." after the fall she got back on stage to finish her perform

yesterday we had t.j. maxx, they raised wages, the stock was down, and climbed up 2 points.igher wages for this space? >> this is an example of the economy getting better when. i spoke to walmart yesterday, a representative was telling me how this had been baked into the numbers. they've been planning on this for a year. seeing the companies start to do this but may have started a year earlier and actually anticipating the economy will get better. >> t.j. maxx turned around after doing that. lb reported after the bell, that's a name you like, are you concerned? >> i'm not concerned. i want to see the rest of the retailers. the gaps, the ross stores and whole foods has analysts meeting coming, there's been a bid. >> you know i'm in whole foods. they got an upgrade as well. after the bell, lot of names reported, are you feeling we're going to hit nasdaq all-time highs? >> i think so, that would be game-changer psychologically. >> are you going to wear a nasdaq 5100 back? >> pull it back out from somewhere. lowe's, beats, up 7%. 15-20%. that's huge for home builders and the eco

t.j. maxx and walmart both plan on boosting pay. that comes on the heals of walmart's major announcement that they will plan to pay their u.s. employees at least $10 an hour by next year. that is almost $3 above the federal minimum wage that remains stuck at $7.25. president obama ran on raising that wage but despite hitss repeated calls to raise it, but some companies are doing it on their own. walmart has staged massive black friday strikes three years in a row for better hours, pay, and treatment. maybe this is what progress looks like in an era of complete dysfunction in congress. maybe corporations can start acting on their own and react partly to public pressure. joining me now is george zimmer and former ceo of men's warehouse. as a businessman, what do you make of all of this? >> as a businessman, i think it is obvious that if people have more money in their pocket they're likely to spend more money, at least that is what henry ford thought 100 years ago. >> and why poi above the minimum if they don't have competition for th

i'm consumer investigator >> t.j. maxx, marshalls and homegoods say they're planning to give their employees a raise. this announcement comes one week after wal-mart said it would pay a majority of its workers at least $10 an hour. the company won't say what employees at its t.j. maxx marshalls and homegoods stores makes now but it plans to make starting pay at least $9 an hour as of this june. well, it is the top selling s.u.v. of the entire decade and really on track for one of the best years yet. >> that's right.but, you know, several drivers of the 2015 honda c.r.v. are telling "7 on your side" there's a major problemhe brand new models. consumer investigator kimberly suters looks into the vehicle's vibrations. >> this is inside the passenger's seat of the honda c.r.v., a 2015 model. drivers say they experienced vibrations while they are idling in drive. and they say it can be annoying it can be distracting, it can even be nauseating and they want honda to fix it fast. >> this you tube video shows what you can't see th

. >>> a pay hike for workers at t.j. maxx but could the bump in wages put smaller stores out of business? we will debate. >>> so while cpac wraps up in maryland another high profile conservative convention is heating up in florida. the cluck forb for growth is hosting mike pence wisconsin governor scott walker and louisiana governor bobby jandindal scheduled to give a keynote address in 15 minutes from now. national correspondent john roberts joins us live from the event at the breakers in palm beach, florida, i love that hotel. >> reporter: it's very nice, but it's pouring outside julie, so you don't want to be here right now. indiana governor mike pence who is a favorite of the club for growth and has been for a long time told a room full of big-money donors this could be the first election since 1980 to turn on foreign policy. pence who was considered to be a dark horse candidate for 2016 wants to dramatically increase spending on defense insisting that america needs to restore its position of power in the world. and in an

. >>> the owner of t.j. maxx is following walmart's lead raising wages for a half million of its employees. in its fourth quarter, the parent of marshall's and home goods said part-time earn at least $9 an hour starting in june. workers with the company for six months or more earn $10 an hour. overall results topped estimates and will hike dividend to 21 cents a share. >>> still ahead, the big problems plaguing our nation's pensions both private as well as. >>> the three largest tobacco companies have agreed to pend the cases. related to a 1994 suit. reynolds will pay $42 million. >>> big technology may feel the fallout from revelations of western cyber surveillance this according to a reuters report. now, the government of china has now dropped some big name tech brands like cisco, apple, and intel from its approved list of state purchasers. eamon javers has been covering this story since we first learned of the surveillance program and the global reaction. eamon, did edward snowden, if anything, give china an e

the company that owns t.j. maxx marshall's and home goods will say workers will get $9 an hour starting in june. it'll go up to $10 next year. it comes after similar moves by walmart, ikea and the gap and other retailers are expected to follow suit. >>> new york state is worried about an armageddon cyberattack on banks. the state's chief bank regulator warns there could be a, quote, cyber9/11 on financial institutions and wants new rules on big banks, many chartered in new york and wants to hold executives personally responsible if their banks allow money laundering operations. >>> the supreme court is signaling it will side with a young muslim woman in her lawsuit against abercrombie & fitch. the woman showed up for an interview wearing a black head scarf and filed a religious discrimination suit after she didn't get hired. abercrombie says she never mentioned religion in her interview. >>> go go gadget. ♪ inspector gadget ♪ >> the bionic detective, inspector gadget is one of the classic 1980 cartoon series that ne

so we're bullish on the consumer stocks, in particular, the walmarts, the t.j. maxxes targets of the world. >> airline stocks were down, oil prices going up, they did not see a reduction in oil prices, now that oil priors going up, the airlines are justifying we might be raising price tags as well. >> that doesn't surprise me from the airlines anymore. >> as to the consumer aspect, these companies have been struggling. rate that gaps numbers, old navy, lower price, up 11% globally. banana republic only a 1. where are people shopping? at lower end. i agree with the walmart, costco, target, that area will do well. charles: on the jolts thing, if we don't see quits up, i think that's another sign for the fed to state course. we have important stuff coming up tomorrow. it was a lackluster session. the hot jobs report was good for the market for about two hours. thanks a lot. great show, hope you are enjoying it. watch us every night at 6:00 p.m. if you can't watch the show, dvr it and tell your friends about it. i got to say thanks to everyone at the money show. we had peo

the parent of t.j. maxx and marshalls says that lower paid store employees in the u.s.ill get a raise to nine dollars and hour in june. beginning next year's, those employees with six month six prints will get $10 an hour. last week walmart announced plans to give 500,000 of its u.s. employees a similar pay raise. walmart has been trying to reduce turnover. it is a happy holiday for target. the discount retailer posted better-than-expected profits. what are the reason -- part of the reason stronger christmas sales. ceo brian cornell is focusing on the u.s. he got rid of the money-losing unit in canada in january. target is trying to regain customer trust after the devastating computer data breach in 2013. that is a look at the top stories we are following. while congress and the courts battle over president obama's executive action on immigration, the president will try to rally public support for those at a town hall today in miami. chief washington correspondent peter cook is on the ground there. good afternoon. peter: good afternoon, mark. the president is escaping t

neil: on two issue number three at t.j. maxx workers making up to $9 an hour.matter because the private sector is doing this for themselves. >> we talk to workers all the time that say that they want to do this very and that's fantastic, you don't need to get the government involved. neil: that is a personal competitive private market position. >> now these two big companies are competing for the same workers and they have to appeal to them in one way. if the government was doing this by changing the minimum wage, what we see is that small business would have to put people into taking their jobs you let the free market do this and then big companies are going to adjust to the market. neil: if the government were pushing it if we didn't have this, what this company be doing it? >> i think they want to retain the talent. i think they are trying to keep their workers from going this way. >> the labor market is competing for the workers. neil: the workers can go wherever they want. >> they are going to have to compete for those workers and i think that the companie

the company that ounce t.j. maxxds stores says it will boost pay for its u.s. workers at leasted the 9 an hour. hourly workers will start to receive a bump in pay in june. the announcement comes a week after the walmart said it would increase worker wages with an improving job market, it is becoming increasingly hard for retailers to keep their works. >>> young women hesitate to say they are having a heart attack. and you can ease up on the water during that marathon. here's jane king with today's wellness report. >> each year more than 15,000 women under the able of 55 die of heart disease in the u.s. the problem is many of those women don't know or delay emergency care if they have symptoms. turns out many don't note early since of a heart attack which with pain down the arms, dizziness and nausea. >>> more and more foodmakers are jumping on the less processed band wage. for example, yo play is coming out with a yogurt with less sugar. cerealmakers are selling gluten-free he and non-gmo products and campbell a's so

t.j. maxx.lar moves by wal-mart, ikea and the gap. >>> abercrombie and fitch is making headlines over a lawsuit that made it to the supreme court. >> a young woman is saying she was denied a job because of her religion. abc's ryan smith has the story. >> reporter: abercrombie and fitch selling a lifestyle of preppy youth and skimpy clothing known for their sexy sales people across the world. when samantha elauf applied to be one of them she was rejected. abercrombie told her, they had a quote look policy. no headscarves allowed. she took her fight to the supreme court saying she was discriminated against because of her religion. her lawyer reading a statement on her behalf. >> observance of my faith should not prevent me from getting a job. >> reporter: abercrombie said she never told them she was wearing her headscarf for religious reasons an explanation some justices didn't seem to buy. this case began several years ago and abercrombie since abandoned their no headscarf policy. ryan smith, abc

tjx, parent of t.j. maxx and marshals. eleven% rise in profit. quarterly dividend was on the rise.hose were just a few names in the consumer area that hit those lifetime highs. back to you. >> thank you, nicole. david: well the s&p futures are closing just about now. 10 seconds from now to be exact. todd horowitz at the cme. how is it shaping up for tomorrow, todd? >> they're closing a little bit softer but very close to the unchanged line but i think it is important for people to say you know what? markets at all-time highs. they're making new highs every day. indexing part, we need to look for alternatives. i think you look to the oil space for some of those stocks. alternative investors, real estate. with room for growth because i think the indexes are really well-overdone. david: good stuff, todd who are waits. thank you very much. >> u.s. home sales fell less than expected, yes, less than expected in january. home prices are up 4.5% from one year ago. are these hopeful signs or confusing signs for the housing market? or with rates as low as they are, should we expect be seeing

quarterly numbers from a host of retailers, including home depot, macy's, target tjx, the target of t.j. maxxd also comcast. fed cast janet yellen set for her annual two-day testimony before congress. it will take place tuesday and wednesday and you can bet investors will be listening closely. and on tuesday, "consumer reports" is out with its annual list of the top automobiles. american brands expected to be a big improvement over prior years, including three in the top ten, for the first time since 1998. i'm tyler mathisen. get all your business news on cnbc. >>> good morning. we're still tracking dangerous ice, as we head into the rest of your morning, at least until 9:00 a.m. until our temperatures start to warm above freezing. so you want to be very careful when you're heading out, both walking on the walks, parking in the parking lots driving on the roads. pretty much wherever you go outside, you want to be very careful. we're starting to see most of the storm tapering off, we're still dealing with rain throughout parts of our area and then more cold is on the way. we're tracking anothe

that hurts those other retailers and benefits t.j. maxx. >> ibm holding its investor day today.im lebenthal spending the morning there. you own it. >> yes. >> did you hear anything that impressed you? >> i did. the first -- two things i want to talk about here. one the ceo virginia rometty and the other the actual technology. start with the ceo. this is obviously somebody who has been on the hot seat with a few earnings misses. she is calm, very confident and very in command. i watched her give a 45-minute opening dialog that had no notes no teleprompter and she was flawless, one item after another very in command. that is the ceo you need at a company like this. you need a leader. talk about the technology. >> let's talk about as you're making your case and giving us your thesis why the stock is at the lows of the day, having the conversation as rometty and company is meeting investors. what's going on? >> keep talking, by the way. >> okay. >> look, it was up earlier in the day, and i think probably what's going on, i had to leave 45 minutes in to make it here. what's going on

. >> "the wall street journal" says the owner and discount retailer t.j. maxxhome goods is giving employees a rage. they'll make up to $9 a month in jeune. this comes after walmart planned to boost workers' pay p. >> those who sleep too much can get a stroke. those who slept 8 hours could suffer a stroke. it was greater than those who consistently got six to eight hours of sleep. scientists wonder. >> if that ee any indication i'm all good for not getting a stroke. >>> the nasa spacecraft dawn captured it. scientists are puzzled and they say they have a volcano-like origin. lit get a closer look next month. >>> this morning chris kyle's killer is sitting in a texas jail waiting for transfer to a penitentiary penitentiary. eddie ray routh was found guilty of murderering chris kyle and his friend chad littlefield. among those in the courtroom was jeff kyle chris's brother. he joins us in the studio. good morning. >> good morning. >> like everyone around the country, i want to give you the sympathies of the death of your brother. >> thank you very much. >> take us

t.j. maxx and marshall they're increasing worker compensation by at least -- to at least $9 an hour. the retailers fall under the parent company tjx. the move is to retain talented employees. first pay hike will take affect in june. some will see pay raise to $10 an hour. experts predict this could be a sign that retailers would be likely to follow the lead set by walmart. willie there is a simple reason this is happening. dictates come down from washington, d.c., it's coming from the ground up. the demand is higher and suddenly there's a tightening of the jobs market. if you want to keep good people you pay them more or they leave. >> ask any economist what's happening right now. they don't feel emotional pressure from washington or from different interest groups. it's because they can afford to do it and the market's tightening. >> listen, people are starting to do better, slowly but surely. of course the new york post has that on the front page. you look at their cover today, americans are d

move to raise wages bringing the minimum wage talks center stage and leading other retailers like t.j. maxxo doug mcmillon about the wage there we between provide a great customer experience. the changes that we're making include structural changes in the stores wage increases, training programs and this company, as you probably know has always been a people business, it's a people business today and it will be tomorrow. so our associates their pride in the company the ownership that they take those things are vital to running a good retail business. and today we're investing in them and we want them to know how important they are. >> some call the move significanting but consumer advocate ralph nader says it's not enough. the author of "unstoppable the emerging left/right alliance to dismantle the corporate state." good morning. >> good morning. >> are you saying it's not enough? if you are, why you looking a gift horse in the mouth? it. >> not enough. walmart workers in 1968 were making more in inflation adjust adjusted buying power than they're making today. if the inflation adjustment w

numbers from lowe's target t.j. maxx.l join us as we watch opening statements of day two of fed claire janet yellen's testimony on capitol hill. once those initial states are out of the way, we'll take q&a live on cnbc. financial noise financial noise financial noise financial noise >>> a slew of retail sales coming out. lowe's target dollar tree topping estimates amid improving jobs market and lower gas prices. dollar tree trading at a new high. what is your best buy? retail analyst at ubs. good morning. >> good morning. >> the top gainer actually i believe i'm right in saying at the moment is lowe's. obviously, the small professional contractor absolutely key there what is outcome for from what lowe's has said in catching up with home? >> lowe's is doing a good job on its own. whether you look at it relative to home depot, really in isolation, i mean what we saw from the company is impressive set of results. and we think that could continue, really in the sweet spot of the home improvement cycle. as you mentions the eco

i believe there was another retailer t.j. maxxn increasing minimum wage. so, certainly, i do think that this is a topic that you know big box retailers in particular won't be able to avoid. the reality of it while it may be the right thing to do it's certainly good for the overall economy, there is some immediate pressure to earnings that we'll likely see in '15 '16 from that. >> and stocks that you you're saying is a good time for it? >> absolutely, dollar general say name that i like here. it's the better kind of pure-play u.s. retailer, really benefitting in-n this environment from the improved spending power of the low-end consumer. d.g. is really our top pick here. >> thanks for coming in today. >> thanks for having me. >>> coming up next jim cramer from the new york stock exchange. ahead of the open and other names to be watching as the trading day kicks off. >>> tomorrow kansas one of the biggest rock band of the 1970s. now the subject of a new legacy film. a story out of nowhere. a story of how six musicians from kansas ro