let's bring in dana telsey from telsey advisory group. i guess, dana, macy's stock.terday it was a horrible day for macy's stock it is still a stock that's nearly doubled over the past year should we worry that macy's was the canary in the retail coal mine >> i think macy's had its own unique situation the numbers reported for the quarter were solid the comparisons in the third and fourth quarter become more difficult. the key will be for all of these retail stocks we need to see the continuation of good sales as we get to the fourth quarter. we are going into a solid back to school season now it feels better. there's trends that consumers are buying, particularly in apparel. i don't think the weakness in macy's that you had could be exposed to the whole group >> you know, the overall retail market is up 12% doubling the s&p this year. if we can bring our chart up again. some of these stocks are up 40%, 50%, 60% in 90 days. have they gotten ahead of themselves some of these were heavily shorted and had big losses last year >> exactly it's a case by case basis on thes

also a lot of other people we'll be talking to today, including dana telsey.ail sales numbers hitting at 8:30 also macy's out with its earn g earnings and savita subramanian we have a lot to talk about with h her, too >> i am working on something, i don't want to reveal too much, but looking at your favorite topic why there's so many big sharks close to the beach this year >> no. >> i'm not kidding your girl mary >> i do. mary, the 16-footer. >> have a great day. still ahead, snapping the slide. that's what stocks did yesterday thanks to the turkey thaw. more on what you neat to watced ahead. >>> stock futures losing a little steam down 63 right now. not a big slide, but down 40 a few minutes ago. >>> the guy sitting to my left, drew mattis managing director at metlife investors. a lot of worries out there, turkey, china, north korea but structurally, not to harp on it and be too optimistic, there's a lot of good things happening in this country right now. >> well, you know, there's going to be more small business owners were saying this is the best time ever

think like some of these retail names it sets out for break out to the upside and i'll say this, dana telseyust raised their price target and the name i think nordstrom has a chance to surprise people on the upside >> all right how about questions for guy. who has one? >> here's my question for you. t.j. maxx, scott was talking about the fact it hit 52-week highs or all-time highs. is this something you would ever compare it a nordstrom because they have nordstrom rack and that's where they see 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 blu

we'll dig through the numbers with dana telsey after this break.ow that stock is up by more than 5%. >>> and then fda commissioner dr. scott gottlieb will join us to talk about lowering drug prices and fighting the opioid epidemic sq "squawk box" will be right bk.ac at&t provides edge-to-edge intelligence, covering virtually every part of your manufacturing business. & so this won't happen. because you've made sure this sensor and this machine are integrated. & she can talk to him, & yes... atta, boy. some people assign genders to machines. and you can be sure you won't have any problems. except for the daily theft of your danish. not cool! at&t provides edge to edge intelligence. it can do so much for your business, the list goes on and on. that's the power of &. & this shipment will be delivered... so, the whole world is talking about ai. big, bold promises like... it'll transform the human race! it's gonna solve unsolvable problems! it'll find life on mars! but here's the thing. you don't live on mars. you build wind turbines. supply car parts t

. >> it is quite a -- >> dana telsey said yesterday -- >> think about it. 700 million, 300 billion notxactly the same >> sears used to make houses >> yeah. and kmart. we will watch closely because of what happened with macy's yesterday, which posted better-than-expected earnings and sales but struggled a little on the sales side and the stock fell 16% joining us is mary epner from mary epner retail analysis jcpenney bad walmart good do i have that right >> that's my belief. yes. in a nutshell, yes >> i don't miss much >> you're good >> walmart comes in at 7:00 a.m. >> supposedly. >> so what do we expect? >> i'm expecting good numbers from them. i'm expecting positive so i don't call it specific numbers, but expecting good results there. is that a walmart story or a consumer confidence story? >> i think both. i'm more positive than most about retail and going forward oddly for several reasons. walmart is in that category for me jcpenney, not so much. walmart definitely >> when you talk macro with retail, you talk consumer confidence and amazon. those are the two big issues >> correct fo