costco no one talks about bj's wholesale. stations attached >> if you close your eyes and enter a bj's, and you open them, you think you are in costco. it lives in the shadow of costco we have been talking about this name in the growth fund. bj's is about 290 stores 70% have gas stations. cheap gas luring people in and helping keep them loyal to the brand. renew rates are 90%. great name great growth great cash flow. >> yeah. josh, we have to wrap. i'm getting the hook myself. don't worry. it's not you it's me. >> all good. >> josh, bj's and scholastic have a great first day thank you very much. josh, thank you. thank you for watching us on "worldwide exchange. "saw inerre you tomoow quk"s xt - common percy! - yeah let's go! on a trip. book with priceline. you save more, so you can “woooo” more. - wooo. - wooo. wooooo!!!!! woohooooo!!!! w-o-o-o-o-o... yeah, feel the savings. priceline. every trip is a big deal. at xfinity, we're constantly innovating. and we're working 24/7 to connect you yeah, feel the savings. priceline. to

>>> and in "ens exchange" bj's, kohl's, and first to dominic which you. >> kelly, it was going to be bad in the beginning, but it goat progressively worse, but now we're in the middle of the trading range. now the dow industrials are down 176 points, 0.75 for the broader s&p 500, 4272 the last trait there. if you look at the nasdaq deposit, that's been the epicenter of a lot of the volatility at the highs of the session we were still down 94 points. at the lows of the session, down 239, to give you an idea so in the middle of that range-ish, but tilling more toward the lows of the session speaking of the composite -- if you look at amazon.com, down 2.5%, nvidia off toes la is down fractionally, and 4%, and these five stocks collectively have shade nearly a third of the losses, so most of these things, they're close to one third -- so keep an eye on the megacap tech names. if you look at the thee mattic stock stories, it has to be a mixed picture. target off its session lows, still down by 2%, lowe's and target, some of the expectations around profits not met it was a big miss there,

liz: no discount for bj's wholesale club investors and the stock hitting a high of $77 a share aftermembership warehouse chain second quart -r revenue rose 2 2% and they raised annual profit forecast. the stock is up about 7.5% but has come down just a bit to 74.31. bj's credits its grocery business for the win as people shift from spending on stuff to spending on food. chip maker wolf speed howling to the moon right now. look at shares at the moment jumping 30% on the silicon car buying chip maker. wolf cites new facility in up state new york as the tail wind. this was the world's first fully automated 200 million-meter car buy fab plant and came online this year. they issued revenue guidance that topped expectations and there's more to this story. get it now in a fox business exclusive from wolf speed. president and ceo and rock n roll hall of fame board member greg -- you're a rocker? >> i am. we're trying to do a lot of different things but probably the primary one is driving the conversion and semiconductor industry from silicon to car buying. liz: it's a pleasure. for those say

you've already talked about the fact that bj's and targets are opportunities here and certainly have been over the past three to seven months, but what is it about the consumer? can you take us inside their mind at the moment? >> liz, we're seeing fear in consumer's faces from dollar stores to discount stores. we're seeing wal-mart parking lots whether it's a holiday, first week of the month half empty. to andrew's pressing points, beauty wins in deep recessions, and food typically wins in our worldwide study of beauty brands, ulta is the ultimate power brand to andrew's point, and target's a way to save on food and casual fashion for back to school. so consumers are trading down and they've got a fear, liz, of both crime and covid in addition to inflation so it's icc but not interstate commerce commission. it's inflation, crime, and covid that's keeping 55% of consumers scared of going to stores on a regular basis so they're shopping more online and they're buying for what they need to feed their families, and they're not buying discretionary stuff so i think it's going to be a toug

we were talking bj's peacock synergy i could get excited about that. this one does that.l get derivatives when they make that deal. time for actionable ideas. carleton: going with a long-term barron pick, broad ridge. and a lot of people know about this committee, they have a monopoly on communications, proxies, that sort of thing, activist investing a it is dear to my heart, an area that is very sticky, they are improving your margins by going digital. decent dividends raised by 13% and it is 1.6. jack: about time. what do you have? ben: honeywell, one of those extensive high-quality stocks fell quite a bit but it is a lot less expensive. it is a little over 20 times earnings, stock was down, bounced off the bottom, created a double bottom, the looking like it could breakout. jack: and increase airline travel. thanks. to read more check out this week's addition of barron.com and visit us on barron online, see you next week with carleton in this chair on "barron's roundtable". from the fox studio in new york city, this is "maria bartiromo wall street". maria: welcome to t

dollar and global economic slowdown but shares up despite that bj's wholesale which hit a fresh recordgh following earnings and revenues that topped estimates, though shares up nearly 8%. also posted better than expected comparable store sales growth, raised its full year financial outlook with executives there citing strong growth in its grocery business and then a different branch of retail, let's go to kohl's it beat estimates but slashed its full year forecast citing higher costs and so keep an eye on shares down 6% right now. frank, back down to you. >>> and let's just go through these stocks weiss, you've been quiet what do you think of estee lauder >> look, estee lauder is a high quality company, it is a global brand. very few of those that are around and do quite well regardless of the environment. so, yeah, they took guidance down a little bit and the stock is not cheap, it is never cheap. but it is a brand that has established itself that is going to have a bid for it some people use a ton of makeup as you see jim on the set, other people use normal amounts. i'm not buying it

. >>> family and friends of the san francisco assault victim are trying to make sure grandpa bj is not forgotten. the one year anniversary the, he died after a violent attack last year. for no apparent reason. the grandfather was shut to the ground while out on a walk. today people discussed a street renaming project. new at 6:00, pass the vision act. that was the demand of an immigrants rights rally. a bill that has passed the state assembly. the bill ensures once an undocumented immigrant has earned release from prison or jail they are not transferred to i.c.e. detention. the person would be set free. people impacted by family separation and deportation made a big showing of the rally today. they helped to organize the event because of what they have experienced. >> we need to pass the in vision act, it will stop the double punishment. i have experience. being 12 years old when that happened, it is really sickening. >> activists want to see it pass before the current legislative term ends. it ends on wednesday. >> time is running out from you to get free covid tests. you can order a

you buy in bulk, bj's. charles: what do you think? >> i own that as well. it's a great company.tion for this right now is long tech, long health care. tech to me is beta. health care gives me the protection i need. i came in wanting to talk about on semiconductor. it rallied. i'm not sure where it is now. it was down yesterday i think was a great report. the only thing bears could report to that the beat was not big as it was last time. charles: right. the jobs report, over under, say it is less. we got the jolts report today. a huge drop in job openings. that is two months behind. say we get a sharply negative number on friday. does that change the equation? does that make it feel like okay, yeah maybe we mr. in recession? maybe we interpreted powell, we market, correctly the first time? >> i wonder if a their consecutive negative gdp quarter would be considered a recession. charles: it's a just asking for a friend. this is the white house, my man. we might be here six months from now. seven gp quarters in a row. >> get back to your question i don't think the fed is going to ch

lowe's, target, and bj's out later this week. july housing starts and building permits also coming out at 8:30 a.m. eastern time, we will break those numbers for you as well. markets finishing up yesterday, the nasdaq seeing its highest close since april 21st, gains across the board here in the united states. take a look at the yield on the 10 year treasury, it is holding at 2.8%. the real story has been the two year versus the 10 year, again an inversion. we haven't seen it in 22 years, signs of a recession potentially as we also wait on the july federal reserve minutes out tomorrow. european markets in england, france and germany, we have gains across the board, across the atlantic, overseas, across the pacific in asia overnight mixed action with the hong kong market and nikkei in japan both slight throw the downside in japan. the hang seng losing more than 1%. turning to president trump, the former president taking to truth social overnight, calling for the immediate release of the mar-a-lago affidavit. the justice department

elvis and scotty and bj would drive this from city to city.s elvis's '68 comeback special. a turning point in his career. this is the black leather suit he wore. he had to be in good shape to get into this. >> a 28-inch waist. they were plainly at first. >> i cannot believe how much this man did in such a short time. >> it's amazing. 23 years. brian: what do you miss the most. >> he was a powerful personality one of the most fun guys. brian: i have got to urge you to buy this book. it's called unlocked. it's by the first girlfriend -- as far as we know. they were friends their entire lives. she wrote the book. if you love elvis you will love this story. if you love that piece, we have a look at elvis' impact on memphis, tennessee. >> most of the african-american musicians, a lot of blues, his good friends bb king, the store still stands. there wouldn't have been elvis presley without this three and this music. >> when he died, memphis was still trying to search and finds a way out of the doldrums. brian: you won't believe his impact with st. j

bullish on those that sell gasoline versus those that don't a lot of them are getting accounts at bj'sm's clubs, saving money at the pump if you dig into the reports, the in-store purchases are going up. they're parking their cars and going inside that's why those discounters are doing much better than dollar store or target. >> quickly of the names this quarter, which ones stand out. >> for this week. >> now consumers are traveling again. they are going back. >> it's very likely to be from an estimate. now in terms of substance, the hotels and leisure center is expected to be triple digit the groceries, this forecast is expected to be strongest for the remaining part of the year. >> jerome, thank you very much for joining us >>> five for p.m growing res frustration from people in beijing. eunice yoon is able to join us how are they expressing the growing frustration? >> reporter: for the most part, wilf, online some people have taken the streets with paint people here in beijing and around the country are spending so many hours waiting and getting this, a covid test every few days tha

bj's wholesale club up, they had a huge day. it beat by 32% on the bottom line. 9% on the top line.ng what we saw with the other retailers. target that was the case as well. a messy quarter down 5.7%. as for the meme stocks you were talking about, here's bed, bath & beyond. interesting to take a look to make the case you have a double top going on that could go all the way to where it was before this big rally. the impetus of the selling, ryan cohen indicating to sell a large portion of the total state. plus call options, a very tricky exercise to make sure he would not create some type of profit or actually if you take a look, probably around current levels. it's going be intruding to see how this plays out. as we take a look at the day, i suspect we are off of the low point we have been. earlier today when we had been just at a small loss it has been the smallest trading range for the s&p 500 going all the way back to new year's eve of last year. >> great stuff, abigail doolittle with what's happening in markets. ok, what are we watching for the next 24 hours? today we have a hear

we'll hear from lowe's, target, tjx, bath and body works on wednesday and you've got kohls, bj walker and foot locker on friday morning. we're getting breaking news on wal-mart. wal-mart has just reached, according to the wall street journal, wal-mart reached a streaming deal with paramount+. the stock is slightly higher. paramount+ will come in and be part of the perks that wal-mart will offer subscribers. especially wal-mart+. we'll get into this with our floor show and we'll talk to our traders -- actually, let's do it righted now. bring in scott reddler and kenny. i asked you both about this wal-mart deal this morning. kennelny, wal-mart is getting into streaming. does this make the company look more attractive to you? kenny: i think it does. it brings them into the amazon prime space and it elevates it and i thought when i heard the story, they were getting into their own streaming service, which i thought was a disaster, but makes more sense talking about partnering up with an existing service and tieing wal-mart into it. i find it interesting and would like to hear more about i

talking about costco, sam's, bj's as consumer is cutting out netflix subscriptions looking to save moneyes like lululemon, hermes and burberry. they pass higher prices on to the consumer that high-end consumer is spending money, nothing holding them back. charles: nothing at all. thank you very much. always appreciate it. >>> bitcoin is breaking out. maybe the crypto winter is over already so where can it go from here? >> democrats new spending bill allotting for a bigger and spending irs. boy oh, boy, 87,000 irs soldiers out there. watch out, folks. don luskin is here and will give us his take. alright, limu, give me a socket wrench, pliers, and a phone open to libertymutual.com they customize your car insurance, so you only pay for what you need... and a blowtorch. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪♪ this... is the planning effect. this is how it feels to know you have a wealth plan that covers everything that's important to you. this is what it's like to have a dedicated fidelity advisor looking at your full financial picture. making sure you have th

that bodes well for the club stores like a costco's or bj's what is the read through on walmart's own grocery business relative to its competitorses at a time when food inflation is in the double-digit rise? >> that's always been walmart's strength they're really great at managing costs and, you know, able to hold their breath longer than anybody else you can see that in their numbers, their gross margins down because they're selling product. they're absorbing some of the inflation costs and that's causing customers to trade into walmart and they mentioned that as well, they're seeing even a substantial portion of their same-store sales coming from household incomes over $100,000. so people seek walmart in high cost periods and they're doing a really good job at that. that's what they're built for >>. >> whether you look across the landscape, retail winners and losers, it's not as simple as defensive stocks are working, like a walmart and target you might see perhaps in a re session nary environment whatstands out to you about wh wins and loses in this environment, which is sort of di

more retailers reported before the bell, let's start with bj's.y had a record profit and revenue. lauren: revenue up 22%, comp sales up just about 20%, in an environment the shopper sees value in they know it. of the one next what is coal, what did they say? lauren: they said the sales would fall 5 to 6%, hadn't predicted they would drop. this is a department store, not exactly where pennypinching customers are spending their money lose their was a flurry of activity and they say we will stand alone so investors are saying prove this strategy works out for you because numbers are terrible, stocks down 10%. stuart: then we have tapestry, another retailer, they are down a fraction, they on coach. lauren: luxury is held out for the most part and now because they do a lot of business in china and because of lockdown their sales fell 30% so their outlook for the year isn't as rosy and stock is flat. stuart: i hear that tesla is cutting down on the delivery time in china so order a tesla car in china you can get it faster. is that a big deal. lauren: it

take a look at bj's wholesale, rising after the company posted better than expected earnings.f bed bath and beyond going in the very different direction this morning. this stock under a lot of pressure after investor ryan cohen filed a notice of intent to sell 7.78 million shares of the housewares retailer. cohen's disclosure of prior call option also contributed to that buying spree in bed bath and beyond increasing more than five fold in value over that time. stock off now about 9%, becky. so some folks saying, liit's an intent to sell, diamond hands, paper hands, what kind of hands does he have i don't know that you file intent to sell if you don't really intend to sell. >> serious diamond hands, right? you wouldn't bother doing it unless you were seriously considering all or some of your stake in that thing. that's kind of where we've watched this yesterday bed bath and beyond shares were down, but now we're talking about down 10% markets continuing to try to figure out yesterday's release of the minutes from the fed's july meeting the minutes were mostly hawkish, but seni

cultivated neutral manner of a civil servant long on the job, framed on either side of her desk by l bj'sportrait and the flag on it, eagle crown standard, she began the session by placing her hand lightly on my dossier and saying, seems you've been fairly active. okay. so the woman does not actually make any reference to what's in the dossier. she just very surreptitiously lets paule know that they have something on her and it's a way of warning her about what she might say when she's in europe and to be careful about what she says. now, paule doesn't tell you anything else in this memoir about what happened, but i looked up the archives at the university of arkansas, the state department tour archives, and i found the document that says that she and william melvin kelly because he was there on the tour, that they were so critical of the united states that they said, we would have to conduct a mopping up exercise to clear, you know, the grounds for the united states. so she did not hold back at all. she went with the full-blown critique of the united states and of course, was never invit

costco is great, but bj's is c catching up. >> big lots up 8.25% better than expected numbers. >> i don'tut it's not dissimilar to what we are seeing among a lot of the names. they're going way up on good news, but the xrt has been outperforming, because there's a lot of bad already priced in we know inventories are going to be high. we can quantify that up 20% to to 30%, but the retailers understand that, and they're being very aggressive in marking it down. so i think the thought is that's going to be cleaner by the holidays demand has actually been pretty good it does feel like it's going to trough in the middle of this year, and be better by the holidays, and then that sets up for some up side next year >> michael, thank you for joining us >>> we're going to stick with the consumer now our next guest seems a demand-driven recession hitting at the end of this year or beginning next year. chris, you just heard from a retail analyst, all these calls, the demand has been okay so what are you looking for from the consumer >> i think the inventory issue is very well understood. a lot of ret

expected to cut into profitability >>> kohl's the cfo said it is committed to stinting -- conversely bj'ss, up 8% now, the smaller warehouse competitor to costco and sam's club soared on strong sales. shares of tapestry lightly higher better than expected earnings, it is up its dividend. china is a main concern there. its current quarter forecast disappointed, and estee lauder share are flat >> and china, rather than specifically a strange on inflation, we know whitey has held up fairly well. i will interview michelle gass, ceo, later today and whether some of in strength could be lifted, as we watch gases fall at least a little. >> i'm looking forward to it i feel like it's going to be tough in a way she has a lot to answer for, in terms of the fact that there are still investors who think they were never serious about the sale process they ended up with a no-namer who actually couldn't pull the trigger on the deal, all the while the fundamentals were deteriorated she got big on athleisure. people are going out again, and they're not spending sure, cosmetics is a strong one, and the seph

i mean you look at all the retailers with the exception of like a walmart or a bj's, or bulk grocery store or a grocery store that caters to a lower income consumer, the rest of the retailers have not given us good guidance. in fact its been pretty awful so i think the market is juggling all that stuff right now. neil: you know, erin, we talk about jackson hole, the federal reserve and what we'll hear out of jay powell juan they give us an idea of where we're going. there's this big debate in the wall street journal got into it around charlie gasparino has gotten into it whether it's a head fake on the part or they are just playing games with us here, that their heart really isn't in. i'm oversimplifying this into willy-nilly aggressively tightening. despite some members who are for big rate increases to deal with this. where are you on this? >> yeah, i do feel like we're going through a little bit of a head fake. they're obviously working the press as much as possible, a lapse of comments were inundated with commentary every week, and seeing how people are reacting, so i think it do

bj from texas is next. republican line. hi. caller: i think the subject you were starting to talk about was the new vaccine. the vaccine has only been tested on mice and we already had a vaccine rollout of saffron -- several different versions that have proved to be unaffected. when i got vaccinated as a child polio, measles, these vaccines prevent you from getting this. it was in a vaccine that help you through it even though you were going to get it. these vaccines are not only ineffective, but they have proven to been harmful to healthy people. they are saying thousands of people have died as a result of these vaccines that rolled out. there is no studies on that. there is nobody talking about that. host: where did you find that about the thousands? caller: excuse me? host: you talked about thousands of people who have died, where did you get that? caller: the actual science of things rather than just trying to throw out propaganda and scare the public. host: what is their medical background? caller: i got covid but i was ne

and then 9 trillion dollar balance sheet sitting close that that size thank you so much morning mover bjed better-than-expected quarterly, this morning mib revenue jumping 22.2% most recent quarter to 5.1 billion dollars, well above, the 4.65 billion, expectation. the company also raising annual profit forecast saying they are there is great strength in o goesry business the crisis keeps come record number of migrants flooding southern border being bused to big apple congressman from new york john katko here next. ♪ ♪ ♪ i got into debt in college and, no matter how much i paid, it followed me everywhere. so i consolidated it into a low-rate personal loan from sofi. get a personal loan with no fees, low fixed rates, and borrow up to $100k. sofi. get your money right. [sfx: ding] [message] hey babe, meet us at the bottom of the trail. oh, man. hey! open up! the redesigned chevy silverado. with a sophisticated, high-tech interior... open the door! it's easy to forget it's a truck. ♪ - thanks. - nice truck! it was. find new style. find new roads. if you have age-related macular degeneration,