that's when i called for the bottom in nordstrom. the nordstrom family put in a floor at $50 per share that's not the only reason i recommended. nordstrom has spent years making major investments expanding their online presence. this year management started dialing these investments back which i thought would give the earnings a nice boost. remember, they're spending, spending, spending you figure it will pay off while it did pay off last week, nordstrom has not been an easy name to own. the darn thing spent most of march, april and may trading below the $50 floor. when nordstrom reported in may, the numbers were not -- despite the fact the company gave a minimal top and bottom line. the stock got taken to the woodshed or wood chipper why? nordstrom only delivered .6% same store sales growth. that's barely anything the adolphs were looking for 1.1% even if once hot nordstrom rack seemed to be slowing i love my rack i didn't see it coming the stock sank to $45 the next day. i just recommended this thing at 51 bucks needless to say, th

fade it we think nordstrom is a bricks and mortar company that finally has their digital game on.ever, if you look at the sector,ist a high-flying sector and losing momentum. it's going to be a pretty big fish in a small pond soon. >> b.k.? >> i'm going to trade it i don't tobt need to trade it on monday, but that's a pretty big breakout for nordstrom the story has changed a bit or at least has gained momentum i'm a buyer on a slight pullback. >> i think for the near term the momentum will carry. the fact is, again, underweight, people are adding to these positions. the consumer is super strong until that narrative shifts, i think you can own this for another quarter or two. >> how about retail overall. >> i think it was a lot of beta with these nordstroms, macy's. >>> that does it for us on "fast money. catch us monday at 5:00. don't don't move, "options action" starts right after this break. - i love my grandma. - anncr: as you grow older, your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thank

for nordstrom rack, they rose 4% for the quarter. seeing the consumer confidence shine through in nordstrom's results echoing what we heard from walmart as well. in via -- nvidia is down 5%. guidance for this quarter is light. short about $.1 billion. joe: "what'd you miss?" steve mnuchin put turkey on notice. he said the president of turkey could face more sanctions if the pastor that is detained is not released quickly. lira currency handle another hit? our next guest says there is concentration risks for contagion into the rest of the m. robin brooks -- the em. robin brooks joins us now. robin, welcome back to the show. what is the potential avenue of contagion such that the turkey story could become a problem for other vulnerable yams? -- ems? robin: thinks for having me back. what is turkey? you mentioned sanctions, geopolitics, but at the core, what is going on in turkey's credit. last year, there was a big lending -- turkey is credit. last year, that was a big lending curve and it was way out of the league of anyone else in th

is this something you would ever compare it a nordstrom because they have nordstrom rack and that's wheree so much growth right now >> sales growth, digital sales last quarter were 29%. digital growth the same quarter the prior year was 25% so you're starting to see them do much better digitally you talked about it as well, pete the nordstrom story has changed. they had their investor day a month ago and it didn't overwhelm people, but the stock was held in there. i think the setup is such that it could surprise and that's why i'm saying nordstrom's is my power pitch. >> yes, tim? >> quick question, was that blue steel and with the tie, and the wrap around the head and if so, do you think you have more blue steel than derek zoolander >> that's the easiest question you've ever asked me blue steel the movie with jamie lee curtis, must watch blue steel with sad sandler or stiller, they asked me to do it and i turned it down and they gave it to him my zoolander is better than his zoolander. vote >> what are we doing on the fast pitch? >> which way are we going? >> i'm really not an artist, bu

nordstrom, kohl's, and macy all delivered at her than expected.ne: talk a bit about tjx again. it hasn't posted a drop in same-store sales going back to 2009. i want to know what this branch, what its brands are doing so well to continue that growth streak. >> it is not just tjx come burlington, ross, what is appealing is the treasure hunt concept. consumers love going to the stores and finding that deal, something exciting and something new. that is really what has been fueling the growth across all of those prices, including tjx. we think that will continue to be a trend for the future and the long-term. >> trade is bound to affect retailers to come up with a source their materials, they are discounters to. >> they are discounters but it is different because they buy inventory. there will always be excess inventory, especially today when online is growing and the returns there have trouble finding a new home. >> does online, can any of the kohl's and what with their strategy online? >> online continues to be a strength for retailers, penetration

>> different than children's place, but i'm curious why nordstroms is it nordstroms versus children'slace why nordstroms in the retail >> i wanted to focus on stocks in earnings this coming week >> the principle is before you can skied a high, you back and fill when you get there, it's like doing your last chinup nordstrom's has been consolidating well at the 52 week high. versus the srt which has made a quick stretch to the high. >> i like the brick and mortars, they've had an incredible move gun to hid, everyone thinks this quarter is going to be a strong quarter. i think it probably will is it enough to carry it through? you separate out those brick and mortar players, do the brands look stronger? that may be a little to karen's point. >> some, but it's case by case the clients that cover this fundamentally, that are either dollar neutral almost the same as q 3 and impossible for q4. >> for more on retail's moment of truth, check out which stocks could be the big winners this week >>> coming up on fast, he's warming up to pitch one stock that's poised for a turnaround whoooo. tripa

would you say about nordstrom? compare nordstrom to the other players out there come it seems like all the attention is on the low cost people, the wal-mart, all of these and dollar general. they've been keeping their very, very good and making use of square footage is spending a lot on refurbishing there is yours as well. nordstrom like wal-mart have been doing quite a lot online as well. we'll be seeing some investments pay off sometime in the future. cheryl: great to see on the show. come back soon, sir. >> thank you, take care. cheryl: one of baseball's hottest pitchers teamed with the first pitch. it clears the benches. ♪ where we're changing with contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab. who has the upper hand now? start winning today. book now at lq.com. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window

. >>> and retail on deck what to watch as big names like walmart, jcpenney and nordstrom get ready to report results. it's thursday, august 16th "worldwide exchange" begins now. ♪ >>> good morning, america. welcome from wherever in the world you may be watching. i'm brian sullivan here's the good news, the u.s. and china reportedly ready to sit down and talk trade in a new round of talks that news is helping drive stock futures higher a solid open for the dow futures, up 134 points as we say every morning, it is early, things can change, but we're not down 134 points after

. >> i know my dress comes from nordstrom, somebody got it for me. >> i hoped you enjoyed that flashback. >>> among the stars on this year's guest list, zac efron, anna kendrick and chris pratt, maybe he'll bring his new lady katherine schwarzenegger. >>> let me say this, carol burnett may want to make room on her awards shelf, the 58-year-old recently picked up her fourth career emmy nomination. cameron mathison just sat down with the hollywood legend who's clearly enjoying her return to the spotlight. >> you won your first emmy in 1962 over your incredible career, six emmys in total, where do you keep them? >> i have a shrine. i'm kidding.

nordstrom stumbled in recent quarters, but may be back after reporting the best sales in years.omps were up well past estimates. you can see how nordstrom sales have been performing in recent quarters, fairly sluggish and now up 4%. they raised their four-year guidance for sales by a full percentage point. we saw sales grew across the full price stores and discount -- discountores stores, nordstrom rack. growth online, which all retailers are looking at for the moment. we always talk about the fight for e-commerce. they saw a 23% rise in digital sales and that is 34% of their total, up five points from a year earlier. romaine: what has been the reaction on wall street today? emma: it has been pretty good. we have seen the stock jump 11% today and then we have seen a clutch of analyst upgrades and a clutch of raised price targets. we have had them from rbc, they all raised them. the white line is the best price target for nordstrom and it went -- $57.19 and9 the blue line is the last price just above the average. it really caps off what has been a week of retail earnings and we h

walmart yesterday, nordstrom after the bell check out nordstrom shares, coming in 11% above forecastgs front sales were also a lot better how about the comp store sales, analysts were looking for less than 1% there, so nordstrom had been punished in recent weeks and lagged behind some of the other department stores. i think cramer has liked it and believes this has some catch-up room. >> similar to walmart. it did not have the big run-up so many retailers charged ahead. macy's a great quarter, and yet the shares fell, right but it had already been up 30% nordstrom hadn't moved that much, so you beat and then you actually get some move in the stock upward raymond james actually cuts walmart. still an outperform. their argument is that the quarter was outstanding, but flipcart is likely to weigh on consolidated results for several years. some of these price target cuts on penney's today, deutsche goes from 3 to 2, citi goes from 2 to 50 cents a share on jcp on what was devastating price action yesterday in their quarter >> 500 million on 30 it's down another 5%. >> it's going to get to

after walmart we were waiting for nordstrom. then it was a bizarre afternoon for me i got a tweet that said sorkin admitted the trump economy, that you had been wrong about it? did you see that then i found out you were on closing bell phenomenal job phenomenal job that format for you -- >> you think >> you were fantastic. >> appreciate that >> i'm doing "closing bell" today. >> i'm sparing with compliments. >> i know. i appreciate that. you watch the whole time >> no. but you did do the closing bell. >> i did. >> was nordstrom up $10? >> nordstrom was up. >> did that get you to say -- >> no. we had come in -- we had larry quud l kudlow on the show >> right >> he had those commentsabout the economy. >> yeah. >> those seemed to be a dress rehearsal for comments he made later in front of the president. then inside the white house on tape in front of the president he said the same thing we came back from a commercial break showing that tape. >> mm-hmm. >> i said, you know, who would have thought i was wrong >> true. >> i said a lot

it was walmart and tonight it's a company like nordstrom.are rallying not with just the bang names. we have the industrials doing well. retail which was in secular decline. manufacturing which was in secular decline and they are doing quite well. charles: snoard nordstrom said this is a profit inflection point. this is just the beginning. they are saying this is now the beginning of a new wave of profits for them. >> if you look at the retail data out of the government you are starting to see the difference and they are coming together. the department steals are starting to get the online right. wages are going up. unemployment is at lows. five minutes ago a piece coming out. the fcc is probing tesla. they make it a point of saying these investigations began before elon musk put out that tweet about going public. netflix has been under pressure. facebook has been under pressure. those were the stocks investors were buying big time. can the market have a long-term sustained rally without those participating. >> healthcare, industrials had a g

it looks like the full priced nordstrom store up 4.1%. off-price up 4%, so almost on par there.dance raised to a range from 350 to 365 comparing to analyst consensus of 346, so that's also a beat compared to last year 34% of total sales. kids apparel and beauty some of the strongest categories back over to you guys. >> hold on, i think now we have something to talk about people >> because we've got a trend, two, andrew. >> macies had a good quarter >> but the point you were making earlier is we were talking about whether it's the economy that's stup stupid or the operations >> certainly an indicator the confidence is back, and i think we all want to see wage growth the average person doesn't quite necessarily do that calculation and maybe there's a bit more in the pocket this time to spend. >> that's exactly right. >> i'm trying to figure out the setup here for nordstroms. with macy's there was so much about the run up to earnings and nordstrom up now 12% to jim kramer this morning saying i hate to be -- with retailers -- >> who said fashion was dead nobody >> to me here's the b

shares of nordstrom are rising. and gross margin that beat estimates. that is your bloomberg business flash. david? david: jcpenney came out with disappointing results for the second quarter yesterday and the company shares plummeted, dropping 27% after the company lowered its earnings forecast. the focus was on inventory pressures. the company's cfo said, "we will continue to take actions to right size or inventory, better curate our assortment, and provide a solid foundation we can build upon as we move forward." joining us now is a columbia business school director of retail studies, and the internet a strategy, which helps deal -- in turn head of strategy. good to have both of you. professor, give us a sense of what the issue is these days. i take it the retail business has changed because of fast fashion. >> the issue has always been inventory. of first step in the process being successful is selecting what investors want to buy. the next step on the chain of deciding how much quantity. and then where to put th

nordstrom said it was launching a $1.5 billion buyback program.of nordstrom initially rose in the afterrs hnd they finished the regulareson down to 67 cents. it was buying navigator's group for $2 million. that deal willucxpand its profferings and give it a larger footprint. shares fell 50% to $50.16. shares of navigator rose 9% to $69.90. >> we often talk about the impact tariffs are having on businesses here at home, but in this rcinnected world, it is also important to get a sense of the impact abroa and that's wh eunice yeun did when she traveled to a factory in guangdong, china. ♪ na♪ >>> c factory owner mark wong isn't shocked these days and the makers of lights a candle holders received the letter from the biggest customer, a u.s.r retai urging him to split the cost of a 10% tariff imposed on his products by the trump administration. >> 10% is too high, he says. it's just too much for any of us to absorb. fashions like this one have been the backbone ofcha's traditional exports for american household, but with labor and raw material costs u

natural gas once again i'd like to stress that the nordstrom's two is a purely economic project does not mean that gas transit through ukraine will now stop i'm aware of. the federal chancellor's position if she keeps raising this issue. all that matters to us is that this transit and that he is economically feasible makes economic sense. we hope that we expand our contribution another year is as well as regards and cooperation localizing the production of high tech products in russia we discussed such projects at the same petersburg economic reforms we're also developing our humanitarian operation. but we'll have a year of concentration between municipalities and regional and i can already but there is also. a year of scientific partnership a year of germany in russia and vice versa but we are also rebuilding our ties between the two parliaments in june we had a delegation of other visiting parliament in moscow. which set up a long letter all commission which involves the in this state duma representatives and members of. our civil societies continue working together. that's sort of

. >>> nordstrom up 2%.he upscale department store launching a 1$1.5 billion stock buyback program. last week nordstrom reported better than expected earnings and raised its outlook for the year >>> let's stick with retail. the sector has been red hot. walmart, target, loezwe's, urba outfitters courtney reagan, you were at apple store last night where does sleep go into that? >> i'll sleep when i'm dead one day. >> we like you alive thank you. we know you've been working your tail off appreciate it. yesterday brian cornell telling cnbc on "squawk box" that it was the greatest consumer retail environment he's seen, yet there's a few stores like l brands that are not getting it right. >> i think brian is right. i'm glad that a retail ceo came out and said yes, our strategy is working, it's not just that >> the overall weather is good >> the economy is helping things out, and the literal weather is good, too. i agree with what brian is saying i think the consumer economic back drop is strong. balance sheets are

look at nordstrom online business doing very well.- brix and business doing very well and up 6.does that remind you of wal-mart look at apple keeps setting record high this is morning at 213 dollars per share riding high. we've got more on that coming up i promise you. well friday morning, who's with me? most people on vacation but liz is here. christina is stepping into the breach thank you very much indeed and jeff because it is friday. i have to start with tesla. hope you got a chance to read astonishing article interview actually in "the new york times" with elon musk. he comes across in my opinion jeff, as emotionally unbalanced. did you he stay or does he go? >> no he goes and one thing about this article to me there's nothing more annoying than listening a billionaire complain about how hard he works. and how tired he is and he almost had to work on his birthday. elon musk has lost all grip on reality and this article proved that they did a great job, they proved that number one, he stays at night thinking about short sell ors

nordstrom he does not think is going to have a good number. nordstrom is going up. the gang that couldn't shoot straight if they don't get this right it could be three straight quarters i've been waiting for nordstrom. they have a men's store in the u.s. i think it's a great place to shop look what people want. they want tjx, inexpensive they want burlington, inexpensive. i was at a burlington in brooklyn the other day holy cow, the line at the register wasn't like they didn't have a lot of registers the line was incredible. i felt like they were -- here, jim, if you buy this t-shirt, you can -- we'll give you seven t-shirts i mean, the prices were insane. >> that's a deep, deep new york reference there. >> crazy eddie nice stores. i think people sometimes if you want to be in retail, you have to go to a burlington and the burlington is astounding in terms of the number of people who are just buying and buying it was -- you know, its pipe rack, feels very inexpensive the prices are great one look at that chart tells you this thing is the great american stock. >> tha

nordstrom raised their guidance. >>> and app materials stock dow under 6% >>> and nvidia reporting results that topped analysts estimates, however the chipmaker forecasting current quarter sales below forecast saying cryptocurrency fueled demand slowed down. nvidia falling 3.7% >>> is nvidia's bitcoin warning a major red flag for bitcoin investors? not today. bitcoin is up 3% it has been a wild ride lately let's get more on this story lou kerner joins us from crypto oracle nvidia, you want them or amd you buy their chips because you want to do that mining nvidia saying looks like fought chur demand is sl future demand is slowing down. does that worry you? >> it doesn't worry me demand for chips is a lagging indicator based on the price of bitcoin. we knew that the price of bitcoin went down, the fact we're seeing less demand for chips is what you would expect to see >> in many countries where energy costs are higher, ie south korea, it becomes unprofitable or less profitable to mine the coins. >> exactly at a higher price you're willing to put more chips to work to mine a bitcoin at these

i think like some of these retail names, it sets out for a breakup to the outside nordstrom is up nearlyt pitch i think people are chasing, i think it has some room, if you've enjoyed this run, it's run for the last three weeks or so, i think you have to pull the rip cord and take some profits as the saying goes, nobody ever went broke taking a profit >> head over to the plasma. >> you know who's been over this energy space >> tim seymour's been on it for a while. >> what's that, ulta >> ulta. >> ulta beauty is going to get you done wrong close. holly frontier, the symbol is hfc. the stock has had a pretty big move in terms of valuation, it's a fair valuation you're talk about a stock trading 10 1/2 times you have eps growth close to 40%. due to make 7 and change next year, if you're looking at last quarter, very good, why? operating margins. >> operating margin per barrel this year, 10.21 last year same quarter, 5.72 that's a pretty significant bump up, so they're running their businesses better. what else do you have? earnings growth i mentioned, 36% earnings growth, you add all that u

nordstrom to ari kind of a little disagree i think it will always be on the thread because you knew one of the european companies has already just said it would pull out of the project if the united states indeed impose sanctions on any european companies participate in it in general i think if you take a broader look at all basically ultra liberalism is that in the european union that i do a widget can make alliances with extremists nationalists they made an alliance with the nationalists in ukraine they met in the lines with the nationalists in point no they're coordinating with them when the nationalism is directed outwards not and i think is largely. yes they're making alliances with nationalists who acted against russia against china against big countries which acted in but which there outre liberal ideology start again and then we can make and i want to with american national interests to my mind you know conservatives the so-called neo cons they are american nationalists and basically you can make an alliance with them again struck me let's say with the you know that's why there

nordstrom, ahead of earnings. i do think nordstrom will surprise to the upside and i'll say this, let's not confuse the consumers want to spend with their ability to spend i think consumer sense of gdp is north of 50% you know the other side of the ledger that's equally strong i think we're making the same mistakes we've made a couple of decades ago. >> the investors are dreaming? >> you like that, guy adamy? >> let's move on >> new jersey's own. >> consumer diskregszary is want the only sector leading the market up over the past week you might have heard about the tech run giving it a run for its money that as the two sectors go head to head tech, versus the consumer. which one will come out on top let's bring in someone who knows about the consumer and the economy. rebecca paterson and chief investment officer at bez emer trust. smiling because we have a 4% economy and the consumer is flush with cash and is that all going to continue, though or are we at peak consumer and peak retail and peak earnings. >> in the

we own nordstrom for my charitable trust, and i'm concerned. i'm worried this has become the gang that couldn't shoot straight and you are best to avoid it the company has inspired no one. while my friend guy adami recommended it, the nordstrom guys always seem to find a trois strew it up. i do admire their consistency. the last quarter was a downer. i think the company has gotten their inventories in line, and i don't think things have gotten worse. in fact, i'm betting like with the competitor lam research, the stock is trying to bottom. well await the conference call but the morgan stanley piece that came out yesterday was a downer then the big one for thursday evening, nvidia. not my dog, but the company. somehow not being candid the rest of the show, candidly, i keep hearing whispers of a mixed quarter partly because of weaker cryptocurrency but partly because of rivals like amd winning business i just wish the stock would follow suit and cool off going into the quarter finally on friday we hear from a company that is at the heart of the t

nordstrom since may 2014 all right the breaking news out of china this hour, chinese and u.s. negotiators are reportedly and this is a quote, drawing up a roadmap for talks to end their trade dispute. officials confirming a short while ago president trump and chinese leader multi-lateral summits in november. now this is news there was not a breakthrough at today's nafta discussions between the united states and mexico, as trade rep robert lighthizer predicted and fox business correspondent edward lawrence is outside the trade rep' office in washington d.c. ed, oh, so close but this same old sticking point, right? the sunset clause. >> it is. it seems like they've not addressed that sunset clause yet and it seems like that is the major sticking point and all of this is surrounded by the fact that the economy in the u.s. is thriving the president again touted that and that's one of the reasons we believes he can go after our trading partners around the world. president trump: i think you see what's happened the economy is maybe better than its ever been the numbers are coming ou

but thereenney tank was the bright spot of nordstrom, that stock was higher. vonnie: thanks to abigail doolittle. greece's economic minister is expected to announce his country is exiting its parallel. in a speaker. what will he announced today -- he announce today? >> it is the formal end to the bailout program. a lot of reforms have taken place. there has been a gradual progress. it has taken longer than many expected. here we are. the formal end of the troubles of greece. is entering into an interesting phase where can look , toard to progress rebuilding its banking platform and so on. this is an exciting time for investors. a new start. the announcement may be a symbolic gesture saying we are out of it now. understand how this could be exciting from a political perspective. from a market and financial perspective, is greece in a better place than it was three or four years ago? the value,ook at this crisis of the past eight over 60% ofestroyed the value. earnings have come down. the value distraction has been concentrated in the banking for good reasons. -

the board at nordstrom voted to buy back 5.9 billion of their own stock.se earnings estimates are probably going to go up. all this underscores you are not chasing performance, you are anticipating it. one of my goals for the show when they said we are going to give you the show, what's your main groal goal? i want americans to have prosperity. i tell people, chase fundamentals and you will be okay. >> i don't think it's too late to get in. even if you didn't get in 2017 when we had the big move. there is an app called robin hood. people can buy stocks object their phone. there are so many things for the regular person to get in that are user friendly. charles: not only is this robin hood app aimed at the millennials, so is the move by jpmorgan. you get 100 free trade for nothing. this anticipates more individual investors will come into the market. >> if we ran away from every new high in the market you would have been out of the market for the last 100 years. right now the data is pretty good. it's pretty solid. we are not egregiously overvalued. that's

walmart at the top, nordstrom doing well, jcpenney at the bottom.nged in the stock. steve: you have to look at long-term perspective. macy's was doubled, now we are closer to 38-40. it took a hit on earnings because it was a bounce back off expectations. there has been a remarkable run for macy's, kohl's, tjx. these are good numbers. you have a long way to go. these stocks took a hit off '09. they have recovered somewhat. in terms of versus several years ago, the comps are improving but they have a ways to go. julie: the last phase of out performers within retail have been characterized by a few things. improving inventory management by keeping up online. nordstrom's is an example. walmart too. what is the next challenge for retailers? steve: we are in the early innings of what we used to call omni channel retail. these companies are becoming very major internet players. macy's is one of the top 10 internet players overall. you have a presence in internet but it is not just internet. it is not brick-and-mortar versus just the internet. it is the pla

. >>> and retail on deck what to watch as big names like walmart, jcpenney and nordstrom get ready to report results. it's thursday, august 16th "worldwide exchange" begins now. ♪ >>> good morning, america. welcome from wherever in the world you may be watching. i'm brian sullivan here's the good news, the u.s. and china reportedly ready to sit down and talk trade in a new round of talks that news is helping drive stock futures higher a solid open for the dow futures, up 134 points as we say every morning, it is early, things can change, but we're not down 134 points after yesterday's 137-point decline. stock futures up across the board. >>> that china news along with hope of cooling tensions with turkey also helping the european markets. the major indexes are higher as well with the exception of italy. italy, we have not talked a lot about italy. italy a turkey-like story. political problems there debt issues there as well. do not be surprised if italy continues to be on the market's radar like it is today they also had a holiday in italy. so no trading. but a story to watch i think

coming intailing strong, nordstrom. nordstrom came in with a very strong quarter. if you put nordstrom and walmart together, it underscores that the consumer is still spending. into the bloomberg we go. you can find our library of charts. it is a phrase trump used in one of his latest tweets. he talked about how money is pouring into our cherished dollar like never before. weakened a little bit when the white house said they would we sanction -- put more sanctions on turkey, many believe it has room to run in the near term geopolitical climate. hurtingthat dollar is commodities. we have seen the wild ride. u.s. oil back above $65. gold is also studying. -- steadying. look at take a commodities, you did see across the board, a little bit of lifting. that had to do with the weaker dollar. backipped low $65 and came with this light at the end of the tunnel. you might see china and the u.s. talking again. the conflict does hurt demand. let's take a look at gold. one analyst said gold has been cast aside and is not being used as the safe haven trade. 19re are many predi

. >> a busy week for retail earnings we have nordstroms after the bell and target earnings and a numberr players in the sector thoughts what do you like >> i got hurt on macy's, i still like them, i would be a buy on macy's i like macy's, i like kohl's, walmart. nordstroms will be okay, those are the winners in the space we know who the losers are, seeing them get washed out dillards was not strong, penney in the tank. there will be winners, i think i named them top to bottom in the space, until you get down to dollar stores. they're continuing to win. i say all the time, if you're not off price, online, local, you're losing market share that space is all still winning. there can be individual winners in any of the categories, even department stores. >> always great to get your thoughts thanks for joining us. >>> what a week. then there's apple keep an eye on this. apple continues to pull away from the overall market. 213.53 is the high for the secretary. has huge impact. "squawk alley" back in a minute. with tripadvisor, finding your perfect hotel at the lowest price... is as easy as d

. >> i know my dress comes from nordstrom, somebody got it for me. >> i hoped you enjoyed that flashbackhis year's guest list, zac efron, anna kendrick and chris pratt, maybe he'll bring his new lady katherine schwarzenegger. >>> let me say this, carol burnett may want to make room on her awards shelf, the 58-year-old recently picked up her fourth career emmy nomination. cameron mathison just sat down with the hollywood legend who's clearly enjoying her return to the spotlight. >> you won your first emmy in 1962 over your incredible career, six emmys in total, where do you keep them? >> i have a shrine. i'm kidding. >> you pay homage to yourself? >> i polish them all the time. >> actually, carol keeps her emmys in her office at home. her latest nomination is for her 50th anniversary celebration special. if she wins, she says she'll celebrate with a nice dinner out. the queen of comedy, whose groundbreaking variety show premiered in 1967, and ran for 11 seasons, is still in high demand. >> we were talking to rachel bloom, the star of "crazy ex girlfriend," they are going into their last s

it's been a tale of happy retailer, nordstrom the latest to say it was meeting estimates and gettinge market. we'll get to at th to the detaia moment. by and large, we're virtually about 85% through this earnings parade, eight out of 10 companies beating estimates in revenues and earnings. we're looking at a gain year over year, about 25% versus the 20% or so that was estimated. so not too shabby on the earnings front. the markets factored in a lot of this even with upside surprises. the question is what happens after that. futures are mostly flat. that in and of itself is surprising, given the runup we had in the united states yesterday. in europe that's been the case, in the asian markets of course with growing concerns about what happens in turkey, but more progress on the trade front and the chinese are sending representatives to the u.s. next week, that could mean an earl end, could, to this trade impasse. we shall see. the president has been tweeting. i always look for these moments. i always look for the fact when i see cheryl casone run in with the latest tweet. i wonder oh,

. >> and there's the stock price down >>> one winner today is nordstrom surging after a big earnings beat after the bell sales rose 23% boosted by online promotions the retailer seeing a big am yeas in same store sales specifically at the outlet, nordstrom rack, at 13%, actually could close at its highest level in years now it accounts for 30% of nordstrom's overall business they've been investing behind this and also not been one of the most beloved retailers in this big come back story in 2018 >> i think the important thing macy's had great numbers, too, they had an enormous run up. and wal-mart showed a much more modest run up this year. people are looking for value we're also selectively buying stocks that's actually what's going on in retail. they're picking winners and losers right now in retail >> and i would say the overall theme the consumer is the winner if you look at the growth. >> i know people including my wife love the deals macy's offer all the time >>> critics suffering from buy back derangement syndrome. we'll tell you why bliaiilonre hedge fund manager is taking on

time for the blitz nordstrom trying for its best day in four years.. >> and good growth from digital sales, which are about a third of sales i think nordstrom is a very good company here because gernagain,' a double threat. for those customers who want service in a store, in order trom is known for its excellent service. >> oil on pace for its worst in a month. >> mlp's trade on three things, yield, growth and valuation. yield, 7.6% yield. plus 475 ten year. the long-term average a is 325 looks attractive on that basis from a growth standpoint, you've had 26% ebitda growth over the last two years debt growth is now almost self-funded and valuation looks compelling here on a price basis. when you have the ruling lifting or at least putting less pressure on the sector, and you have interest rates that have kind of stabilized here and energy prices up, i think it's a time to be considering mlps. >> dean foods being downgraded to underweight >> this is a stock all you have to do is look at their charts since mid july it's down almost 30% they're not expec

they had some luxury brands in some foreign tourists like nordstrom does.e will see a different picture from these guys this quarter. jcpenney, things will look challenging. i think investors will be looking to see what the future of the company is now that marvin ellison has left. this is a ceo that steer them away from disaster that ron johnson had put them on. leaderless. we don't a what their strategy is, and i think there will be questions about that showing up on the quarter results. romaine: tapestry surprised me last quarter. when you look at coach's come back, how much of this pops the narrative that amazon was the reason why all of these retailers were suffering? when you look at what coach did in refreshing its brand, does this give a little more insight on how retailers can better compete in this environment we are in? sarah: i think it does. the narrative is often oversimplified that amazon is this guerrilla stomping all over sales. that has not been the issue for companies like tapestry which sells luxury brands like kate spade and coach. was

penny and nordstrom. charlie'shea joins us now to talk about the outlook for the results at moodies. >> good to see you again. welcome back. >> this has been a very strong ngearnings repor season. do you expect the retailers to continue that tnd? >> yeah, i think so. i think when you're looking at walmar for instance, and that's one of the highlight names i think this week, and as it is every quarter, i think walmart provides a window to tht soul for u.s. consumer. and i think in that vain walmart's been investing heavily trying to get the food busines on all cylinders. that will give us an idea of how the consumer is feeling, and give us a backdrop going into the second half of the season, back to school and holiday this year. >> what about some of the department stores, macys and jcpenney? >> i think they're all going down the same path, all trying to lean up anywhere inventories so margins will be better. they're trying to get their online business humming along. throughouthat segment, we're seeing var

his wife allegedly spending $152 on makeup at nordstrom telling the campaign, it was gift basket items for the boys and girls club of san diego and hawaiian shorts and golf balls for the wounded warriors. after an event this week hunter said this. >> i did nothing wrong and they should bring the trial now. >> reporter: the congressman says all this was politically motivated but experts take issue with the way money was spent. >> it seems it was a personal piggy bank for himself that he was dipping into those funds as if it was his personal checking account to fund a lifestyle that was well above his means. >> reporter: for now, hunter removed from his committee appointments in congress but still receiving a salary of $174,000. today in court, asking for a lower bond because his family was living paycheck to paycheck. gadi schwartz, nbc news. >>> let's tell you about the imposture caught at the airport. the first impostor detected using facial recognition technology being rolled out across the country. >> reporter: it happened during the morning arrival crush. a 26-year-old man arriving

big day for retail earnings, nordstrom, jc penny, walmart out on thursday.riday, consumer sentiment will be out as well as earnings from john deere. we're be watching all of the above certainly on "mornings with maria" this week. that will do it for us. thanks for joining me. see you on sunday morning fn "sunday morning futures." chairman of the intel committee devin nunes my guest. tune in right here every weekday on fox business from 6:00 until 9:00 a.m. eastern for "mornings with maria." have a great weekend everybody. see you next time. een practicinw and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bold plans t

. >> reporter: recently, an instagram star will sell for nordstrom with the golden retriever with 37,000 instagram followers hocks products for r garmin and others. >> a lot of people are interested in the gear i'm using in my pictures. >> reporter: 40% purchased after seeing it on social media. 70% of 18-34 year-olds would rather buy a product endorsed by a non-celebrity. >> kohl's and target are pursuing the same strategy. so far, it seems to be working. some of ryan's new toys at walmart have already sold out. lester. >> thanks. >>> coming up. it's off the market. we'll tell you who won the bidding war for a beloved piece of tv history. my name is jamir dixon and i'm a locate and mark fieldman for pg&e. most people in the community recognize the blue trucks as pg&e. my truck is something new... it's an 811 truck. when you call 811, i come out to your house and i mark out our gas lines and our electric lines to make sure that you don't hit them when you're digging. 811 is a free service. i'm passionate about it because every time i go on the street i think about my own kids. they're th

look at nordstrom, costco. there is a number of positive stories out there. that just speaks well, i think, going into the christmas season. and it tells us that some of those problematic retail stories are not systemic but really a problem in and of themselves like a macy's. kohl's did well. that is why at least in our portfolios we have been chipping away at these names for a few months now and adding more diversity and breadth not only to consumer staples but consumer cyclicals because we think at the high end -- toll brothers had a record quarter. these are strong reasons why the market is going to continue higher. >> rick, we did see the dollar weaken. it has been weakening for a few days now and coming off of the big overbought period. do you think any political uncertainty has been reflected here >> i really don't. we are at levels that we closed at on the 8th of august. we will call it two-week lows. we fell from almost 97, never closed with a 97 handle. keep in mind we are up just shy of three percent. we are hovering at 95. we gave about 1.5% back.

and jc penney and nordstrom also report their quarterly results and housing starts are out.t because home construction has not been increasing as much as the mart needs. that's what to watch for on thursday. >>> uber is still a long way from turning a profit each as its quarterly loss narrows. the ride hailing company lost $880 million in the second quarter and renueose as the company pulled back on promotions. uber has plans to go public next year and it's had toeal with corporate scandals and it faces pushback fromie clike new york. >>> believe it or not, it's been first a decade since t recall for potentially deadly air bags was issued and today llions of those vehicles remain on the road. that has the federal govnment warning owners of countless models to check if they're driving a recalled car that has notfieen d, but one automaker is doing something different. it's going door to door, hunting for those owners in order to replace tho faulty parts. phil lebeau is in miami tonight. >> garcia is one of the lucky ones. honda going door to door in miami, with a civic had a d

home depot, macy's, and nordstrom all raised their forecast this week. >>> a generic version of the emergencypipen has been approved by the fda. two years ago epipen maker mylan was berated by congress for hiking the price by more than 500%. so far no hike on the generic version, which will be sold by teva. >>> and kroger is testing self-driving cars for delivery. it's being tested in a phoenix suburb. the program launched yesterday. there are two people in the car to monitor its performance. shoppers can order same or next-day delivery online or on a mobile app for a flat rate of about $6. kroger hopes to begin the next text phase using a vehicle with no humans on board in the fall. anne-marie, the wave of the future. >> anything that makes it easier to get grocery shopping done where i don't have to leave my house, fine by me. >> that's true. >> wendy gillette at the new york stock exchange. thanks a lot, wendy. >>> well, still to come, a hard takedown. a rowdy football fan finds himself surrounded at lambeau field. >> where's the telestrator. befr rheumatologist move to another treatment,

natural gas through ukraine and of course the volume is still to be decided but we'll talk about nordstrom is this gas pipeline shortly the jobs the spokesman says topics will include syria energy questions and ukraine so let's start with syria not hear from i'm going to mexico. he says the thoughts come and stuff and a meeting between germany france russia and turkey could be useful but most people it's to be welfare and that's the reason why there is no date for it yet. but we're working on a property or a meeting between our advisors and afterwards we will decide whether such a meeting makes sense. and of course this topic will be on the agenda with president putin the theme of the targets. so how does the other might how much sense can a meeting about syria between russia france and germany be without the united states that's another drawback of such meetings because it without the united states not very much or it could be decided with regard to syria at least the united states does have some leverage by virtue of the fact that it has troops there but germany doesn't do so and the oth