you think of t.j. maxx as a vulture.y wait for other stores to keel over and feast on the remains. you can radically hear them salivating for the markdown inventory that the big chains have no choice but to get rid of. they want the cash and they want the product out of the store. all told, this is very encouraging for the outlook. the stock really jumped. even after this move it is selling for 23 times earnings. that does seem reasonable. i like it a lot. i like it a whole lot. what about the others? we hear from the ross stores tomorrow. i would caution you, again, this is an opportunity. it is an opportunity in the future, not now. t.j. maxx did not do well in the second. i bet the same will hold true. this is one of the worst categories out there right now. this core is straightforward. we haven't inventory glut in the traditional retailers. the big chains are desperate to get rid of this stuff, to bring a new product for that back-to school season in the christmas holidays. the off-price chains are the buyers of las

t.j.? >> all right, but still a little hope in there on back-to-back days from you. rebecca jarvis, we appreciate you as always. >>> we want to turn to what we've been seeing in france, a raging wildfire and thousands forced to evacuate after the fire there pretty much erupted. the fires have been burning since last month as much of europe is dealing with unprecedented heat waves and drought. ginger has made her way to france now. ginger, hello to you. >> reporter: t.j., it is painfully obvious how dry it is. the torched trees and one of the many homes burned out in the most recent fire and wildfire is nothing new for france. they get about an average of 65 a year. this time more than five times that number. this morning, wildfires in france forcing thousands to evacuate. 10,000 people fleeing the heart of wine country in southwestern france. and now french officials asking volunteers to help battle the blaze, which was exacerbated by the driest july on record and france's fourth intense he

stand with us. >>> t.j. maxx has agreed to pay a $13 million fine for selling a number of recalled products, among them was the fisher-price rock in place leeper which was linked to 50 infant deaths since 2009. t.j. maxx, and it's subsidiaries are also accused of selling the recalled products. the agreement settles charges that the retailer knowingly sold the items. >>> a protest out of's outside of amy's food production plant. following news that it is shutting down after a year of operation. workers say that it is no coincidence as they were exploring whether to unionize. >> found that the working conditions they were in was disrespectful. they were not getting bathroom breaks, they were being forced to work at fast speeds that was causing occupational injuries. >> amy's kitchen calls the allegations false. this follows a consumer boycotts after work is at the main kitchen complained about working conditions there. >>> next we continue our >>> next we continue our cove go with simparica trio it's triple pr

t.j.?new inflation numbers out this morning that could signal where the economy is headed. yes, we have had a steady stream of bad news and rising prices, but our chief business correspondent rebecca jarvis is here now with, get this, rebecca, reason for some new hope for a turning point. >> reporter: good morning, t.j. a key question coming into the report was has inflation peaked. it appears, yes. with prices up 8.5% from a year ago it's still elevated, but nowhere near as large as june. the big news, gasoline. the prices at the pump falling about a dollar. we're back around the $4 mark nationwide. that has ripple effects in the economy -- airfares, used cars, apparel prices, they're lower. there are still some areas where prices are climbing. groceries up 13.1% in july from a year ago. shelter costs up 5.7% from a year ago. there are people who are looking for new rentals, looking for new homes who felt that market. in certain locations up as much as 25, 30, 35%. that's yet to stabilize

thank you, t.j.rrespondent pierre thomas is in washington, d.c., with the latest on all of that. good morning, pierre. >> reporter: amy, good morning. in just a few hours we will get some additional answers to the question that has now gripped this city for weeks, why did the fbi search the home of former president trump? after a judge's ruling, the justice department is expected to release a heavily redacted version of the affidavit for the search of mar-a-lago. the roadmap revealing why the fbi launched that dramatic raid. we will not get the full picture because the names of witnesses and key details of where the investigation is headed will be blacked out but the document still could provide some insight into the probe and provide some additional details on its origins. federal officials claim trump took hundreds of pages of some of the nation's most sensitive national security secrets. trump's team has argued he declassified the documents without providing any evidence to prove it and that some

t.j.s is here with more on his life and legacy and what a legacy it is, t.j. >> yeah, strahan, it's crazy. we talk about michael jordan's six and we were in awe that tom brady has seven. bill russell has 11 championships. the man literally has more rings than fingers. that only scratches the surface of his greatness. it's easy to stand out or stand tall at 6'10," but it wasn't easy for a black athlete to stand up for what's right at that time, and that may be the greatest part of this great's legacy. the sports world mourning the loss of a legend. >> there isn't anyone here that has had as much fun as i have had in my life. >> reporter: bill russell, one of the most decorated basketball players, most decorated athletes of all-time. 11 nba titles, 5 mvp awards in 13 seasons with the boston celtics. his final two seasons in boston he served as player/coach, the first black head coach in major u.s. sports history. at 6'10", russell was a pioneer and revolutionized the way defense was played.

when t.j. x., the parent company of t.j. maxx and homegoods paid to reselling items.eement settles charges at the firm knowingly sold, offered for sale and distributed approximately 1,200 recalled products in 2019. the chair says the majority of sales were products recalled due to the risk of infant suffocation and death. >> now, the majority were products that were recalled that were poor babies, so one of them was fisher-price rock and play, so these are ones that we know about and did investigations of, worked to recall them, because of the deaths were that involved. we want to make sure they were taken out of people's homes and instead what happened, they ended up putting them in the hands of families who didn't suspect anything. michael: tjx provided this statement. safety is very important to us and we prohibit that in our stores. we deeply regreat that between 2013 and 2019 that recall products were not remomoved from our stores despite the recall process that we had in place. we have worke worked to strengtr processes and cooperated fully with the consumer pro

t.j. >>> we turn now to the new cdc guidance on covid-19.h erielle reshef with key changes that we need to know about including testing at schools. hello, again, erielle. >> reporter: good morning, to you, t.j. the guidance changes four big thing, the first is, if you're exposed to covid-19 even if you have not been vaccinated you no longer need to isolate. the cdc, though, still recommending if you are not vaccinated and you've been exposed you wear a mask for ten days and that you test five days later. if you get covid-19, you should test five days into isolation. if you're feeling better and fever-free for 24 hours and that test is negative, then you can test again with a rapid test. if that test is negative, you can leave the house without a mask. and this one is for families, the cdc no longer recommending that tests to stay protocol which means kids would have to test to stay in school if they've at to remain in the classroom and finally, the cdc is also removing that recommendation that asymptomatic people with no known exposure shoul

t.j. maxx and home goods are very busy. i want to know what you think about t.j. maxx? >> you know, i like t.j. maxx. mine is very busy as well. i went there to get compression socks, they do not have them. i got the money where i did not really want. i do say this, be careful, they have a lot of your [ indiscernible ] goods. that is why it is not as trustworthy as it used to be. i am coming for those compression socks. today's action is what peak inflation looks like. it can be nirvana for a lot of different stocks. you should have seen it coming, if you watch "mad money". we have after earnings. do they have what it takes to electrify your earnings? >>> could oil prices be in our future? we will see what the hot commodities are headed. >>> is the bear market is software finally coming to an end? we will look at the recent deals and i will give you my take. stay with cramer. >>> give us a call at 800-743- cnbc. did you miss something? visit our website. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indee

ross, kohl's, t.j. maxx. the ability for all of these companies to compete with a walmart within amazon -- with an amazon, and protect against inflationary pressures. oliver: it is really quite opportunistic. this consumer is searching for value. cowen likes the off-price sector. kohl's we recently downgraded, it is a retailer that is a bit in the middle. apparel at kohl's has been tougher. it is also weather sensitive, and they have had miss executions or opportunities to improve kids. we like the handbag sector, tapestry reports this week. handbags are getting pricing, consumers are accepting price increases. it is not one-size-fits-all. the medically, you either by great luxury brands with pricing leverage, or look for retail that can execute on value. jon: quickly before we go, this time last year, the worry about having enough stuff heading into the holidays was a key concern for retailers. now it seems there is concern about having too much stuff. is it possible that will have a deflationary impact at t

maxx and into an even louder t.j.laughter ] hey, i saw that after nearly 60 years on nbc, the soap opera, "days of our lives," is moving to peacock. [ suspenseful music [ gasps >> tariq: what did you say [ laughter ] >> jimmy: "days of our lives" is moving to peacock [ gasps >> tariq: how dare you [ slap ] [ laughter ] tell me more >> jimmy: it will debut in -- [ suspenseful music september. [ gasps [ laughter ] >> tariq: how dare you [ slap ] [ laughter ] tell me more [ laughter ] >> jimmy: it will be replaced in the time slot by -- [ suspenseful music "nbc news. [ gasps [ laughter ] >> tariq: how dare you [ slap ] [ laughter ] [ slap ] [ laughter ] [ gasps how dare you >> jimmy: you said that already. you said that already. [ laughter ] >> tariq: tell me more >> jimmy: no never. not while you're holding that giant, throwable martini [ laughter ] >> tariq: i'm not going to throw this on you, man i'm drinking this thing. [ laughter ] >> jimmy: all right, all right i thought you were going to throw it on me [ cheers an

powering possibilities. >> t.j. i f everybody. a very busy week, which means it's time to play our favorite game. ♪ ♪ ♪ yes, who won the week! back with me, joan walsh and david, ladies, for us who won the week? >> you set it up with the whole show. joy. it is joe biden, without a doubt. it is all the accomplishments you mentioned, it's the great jobs report today, it's 50 days of gas prices falling, and if he pulls off this compromise with manchin and sinema, we get major climate investments. that's a miracle. maybe it will shut people up for -- who say that he shouldn't run for 2024, because that's crazy. talk >> i remember the same talk was made about president obama. like he shouldn't run for reelection. we say that about every democratic president. i agree with, you was a big week for biden. okay, david cohen, who won the week? >> scarlet lewis and neil heslin. these are the two sandy hook parents who are nearly $50 million in lost damages to get conspiracy theorists alex jones. and what did they show us? they showed us that

. >>> another oops, this time from the owner of t.j.alled products and now has to pay $13 million for the mistake. the consumer product safety commission says the chains sold 1,200 recalled products over a five-year period. the products include fisher-price's rock and play sleepers which led to the deaths of 50 infants according to a congressional report last year. >>> and you wanted your mexican pizza, you're getting your mexican pizza. taco bell relaunched the popular dish back in may but then took it off weeks later due to high demand. now the chain says the pizza will be back on the menu for good september 15th. >>> that is your cbs "money watch" report for this wednesday morning. i'm matt pieper, cbs news, new york. >>> talk about real-life transformers. a canadian many has helped built the largest exoskeleton mechanical suit. jonathan tippett said the ten-foot-tall machine is >> ie goalf th whole is togy wa cata new human experience, it has been a smashing success because there is literally nothing like it. nothing like getting in

. >>> the parent company of t.j. maxx, marshalls and homegoods has agreed to pay a $13 million fine for knowingly selling recalled products. federal officials say most of the items in question were infant products. they include the fisher-price rock 'n play and other sleepers. >>> coming up, the top democrat now claiming president biden won't run for re-election. >>> but first the store owner who refused to be robbed. covid-19. some people get it, and some people can get it bad. and for those who do get it bad, it may be because they have a high-risk factor - such as heart disease, diabetes, being overweight, asthma, or smoking. even if symptoms feel mild, these factors can increase your risk of covid-19 turning severe. so, if you're at high risk and test positive - don't wait - ask your healthcare provider right away if an authorized oral treatment is right for you. kids, one year they want all dinosaurs stuff the next, camels. - llamas. - llamas. so save money shopping back to school on amazon. you sure that's not

. >>> and the company behind t.j. maxx, marshalls and homegoods ordered to pay millions for selling recalled goods, most of them putting infants in danger. >>> but first, let's go to ginger. good morning, ginger. >> reporter: michael, we're in for a hot one here in dallas. they have had such an epic start to summer. looking at the heat advisories all the way up to west virginia and into the northeast we're talking about the potential for breaking records. some of the numbers 97 for new york, philadelphia could go to 98. that's the big picture. let's get a check now a little closer to home. >>> we'll be right back. well flip the way you clean'em with dawn platinum ez-squeeze. it's an upside-down bottle with no cap. you just grab and squeeze. dawn platinum's more powerful formula breaks down and removes grease 4 times faster. nice! no flip, no mess. platinum is also a go-to grease cleaner for your sink, your countertops, and to pre-treat stains on laundry. fast. easy. dawn platinum ez-squeeze. flip the way you clean dis

t.j. has the story. good morning, t.j. >> good morning, george. masters, we know that, the winner gets $2.7 million for winning it. well, in this saudi-backed league every single event, the winner gets 4 million. it's that kind of money that's attractive and big names like phil mickelson have gotten over $100 million just to sign on. so those players have sued the pga. why? because the pga says you cannot have your nine-figure cake and eat it too. for decades he's been one of the most recognizable faces on the pga tour, but phil mickelson, lefty, is joining ten other pro golfers in an antitrust lawsuit against the organization that made many of them household names claiming they were suspended by the pga for their involvement with liv, a saudi-backed tour attempting to rival th it's defite the b ouh faced. >> reporter: liv made a controversial splash into the golf word, offering larger purses than the pga with 48 players competing for $405 million in prize money. the league has been aggressively recruiting pga players to join its ranks offering me

t.j. holmes is with us now and what pastor michael jennings is saying after the ordeal.ou. >> all right, stray, driving while black, walking while black, golfing while black, swimming while black, napping while black, staying in an airbnb while black, sitting in a starbucks while black, bird watching while black. it has become part of our vernacular. we've talked about plenty of these stories. add to this now watering your neighbor's plants while black. that's what this pastor was doing and police were called on him and now we have this police body cam video that shows how he goes from literally a water hose to handcuffs in just a couple of minutes. >> i ain't did nothing suspicious or nothing wrong. >> listen -- >> told them i'm a pastor. >> sir. >> i don't want to hear you. you want to lock me up, lock me up. >> reporter: this newly released police body camera video shows the arrest of an alabama pastor who was watering his neighbor's plants. >> do what you got to do. go ahead and lock me up. >> reporter: pastor michael jennings was doing a favor for a neighbor who ask

ross and t.j. are well-understood. less understood, armies, growsry outlet. they're off priced.ore general merchandise. i think they're more insulated in a recession because they don't have much fashion risk. they provide good deal for consumers. they always love that. liz: our audience loves to hear names that are not on the beaten path always. ollie's, i find interesting, that jumped 25% year-to-date. as you look at some of these names not everybody is going to do well. why this what is the common thread? >> i think the common thread generally speaking they're in positioned to be run extremely efficiently. what they try to do is create a business model such that they don't need to buy the most expensive retail. they don't need to have merchandise that is really high fashion risk. all they need to do is create a great opportunity for customers to shop. the best part is, because they have premium brands, they can't actually advertise. your proctor & gamble doesn't want anyone to know how much sunscreen is selling for at an ollie's army. their cost basis much lower. they're able

. >> you were talking about t.j. on the rich eisen show.the flight, and it's one hour time difference between here and costa rica. >> david: well, i was -- >> jet lag? you weren't jet lagged. [ laughter ] >> david: i was liquor -- liquor lagged, something like that. >> must be a new thing, just pointing it out here, liquor lagged. >> david: you know, the thing i like about you, ashton, you were saying now, you only act when you want to. >> yeah. >> david: like, you don't have to. because you took care of your money and all that stuff. >> yeah. >> david: you've been -- >> i got really lucky really early, yeah. >> david: so you've been investing in startups and stuff like that? >> i've been investing -- yes, like the last ten -- decade-plus, i starting investing in startups. and it's going very well. you know the thing, there's something like -- annoys -- so it's -- i just started -- i just got excited about it. for me, like acting -- i just wasn't excited to go to work every day. >> david: right. >> i went and started doing this investor stu

t.j. holmes is here with the story.ething because you hear her accuse owens of harassing her and coming after her. his other offense according to her that you hear her say clearly, and i quote, you're a black man approaching a white woman. now, he says that's when it goes from being something heated, exchange, as you say, to something potentially dangerous, and he wants her held accountable. >> he got out of his car and started harassing me. he put his car in park, and -- >> right, because you yelled at me and telling me i almost hit you but i didn't. >> but you didn't have to get out of your [ bleep ] car. >> reporter: nfl hall of famer terrell owens wants people to see this video he recorded of a heated exchange between him and his florida neighbor. >> he ran the stop sign. >> well, there is no stop sign. what are you talking about? >> reporter: owens, a longtime nfl star receiver with the niners, eagles and cowboys, was accused by a neighbor of speeding nearly hitting her and harassment. >> you put your car in park a

also all the discounters, ross, t.j., kohl's, et cetera i think they benefit from the you know the supplyould i keep my eyes on them as well. charles: they have had two kitchen sink moments this year. we'll see what happens. kristen, thanks very much. joining us wells fargo advisor senior vice president mark smith. i hadn't seen you in a while. last time i saw you you were playing close to the vest. you were not active at all that i can recall. have you been buying anything in this rebound? >> yeah, we've been buying the financials because what's happening right now you're seeing a fed that will continue to raise rates. as long as inflation continues to be at these 40 year highs, we had a little bit of a drop but that is a blip what we need to be looking at in regards to bringing down inflation, right? so the mandate of the fed is to lower inflation and inflation is still ticking up at record highs. i saw a "wall street journal" report yesterday that said the average cost of a home is up. highest point it has been ever. so these things, some of the major parts of the economy, energy, real

into baseball, t.j.: mommy spinning the tunes -- d.j. umami spinning the tunes.om of fifth, him again, deep dissenter, brian reynolds there is it any lost it. brandon lumbers in to make a 4-1. the giants win and they were on our the 2012 world series champs this afternoon. the a's in houston now it is time for myself a. good job hanging out with the kids, signing autographs. he is up in the fifth and then he gabs up a grand slam to kyle tucker. just like that the a's do fight back, seventh-inning, double to the left, rings and a pair of the -- but the a's would fall 7-5. that is a wrap on morning sports and have a great weekend. liz: things are going to heat up this weekend? lisa: especially inland and tomorrow. warmer than today, and you can see the strip of fog from that san mateo coast. other than that it is pretty sunny. we get in closer and half moon bay, 60 degrees with some mist and nice and sunny. santa player santa clara and blue sky. temperatures in the mid 60's right now and warming up you will see the 80's. 61, san francisco. upper 60's santa clara an

and even the bottom 40%, they're probably not even shopping at ross they're probably not shopping at t.jthey're probably not shopping at home depot it is sad people are affected unequally at this time but that's the way it has always been when people say don't bet against the u.s. consumer, they know that the vast majority of u.s. consumers are still in okay shape and they love to spend >> okay. >> even if they're spending and chipping away at savings and adding up credit card debt which i'm not saying is great, it just means money is transferred into the pockets of consumer discretionary. >> i'm going to a navy man, jim lebenthal, since we are getting cold hearted and hard with jenny, home depot, you saw the report what did it tell you about the, quote, unquote, state of the consumer >> the report from home depot was pretty good. you put the two together and it was a better-than-expected report plus, most importantly, they maintained their guidance for the rest of the year when the comps are very hard. what home depot is seeing is that the consumer is hanging in there. frankly, it is co

that is a very reasonable wide t.j. would not wanted to be fully disclosed.information, settling about the human sources that is very dangerous for them. and also if there is classified material involved, they're certainly very sensitive material at the highly classified level sounds like. that's certainly not the kind of thing that you will have her go out into the open that way. the fetal purpose of it. being productive, i think we are gonna be disappointed, will not get to see it. >> let's talk about some recent legal posturing that is coming out of the trump camp just let yesterday. you've heard the sound i know, one of the lawyers for trump's legal team is not promising a fourth amendment based challenge. to be a doj, sort of mar-a-lago. the doj theory this could come anytime. now he said hours, it is been hours, i've been seen anything. what are your thoughts about this new claim that will be some fourth amendment motion? i am very baffled about the timing on this. i love to know your thoughts are on this? >> i think -- it's as you know not at all uncom

tjx, parent of t.j. maxx, out next hour, ahead of july retail sales.rcent month over month. we bring you the numbers as soon as they close at 8:30 a.m. eastern time. all of this market action following yesterday's mixed markets. the dow industrials gaining 239 points. it was a great performance of the stocks of walmart and home depot yesterday. the s&p also finishing higher on strong retail earnings. stronger than expected in some ways. nasdaq falling slightly on technology weakness. the 10 year treasury yield up above, inching toward 2.9% but still well below the two year yield. what does that mean, as we wait for the federal reserve minutes from the july meeting out later today. european markets to the downside, losses in england, france and germany. consumer prices rising at an an a wallized rate of more than 10 -- annualized rate of more than 10%. in asia overnight, markets mostly higher, the south korean market the only loser there, the kospi lower by two-thirds of 1%. "mornings with maria" is live right now. time for the word on wall street, top

most offensive, calling a sandwich from chick-fil-a, an entree [ laughter ]e corporation that operates t.jxx, marshall's, and home products okay, i knew this felt unsafe. [ laughter ] in a new interview, green bay packers quarterback aaron rodgers said that his experience taking the psychoactive t-ayahusca led him to having the best football season of his career as opposed to tom brady who credits a mysterious painting up in his attic [ laughter ] tomorrow is national underwear day. already? man, it really creeps up on you. [ laughter ] and finally -- don't encourage and finally, a woman in minnesota has set a guinness world record for world's longest fingernails. also, world's worst texter and that - [ laughter ] and that was the monologue, everybody. we -- let me tell you something. we - [ cheers and applause -- have got a great show for you tonight. he's a grammy winning hip hop legend and his "rock the bells" festival will take place on saturday, august 6th, at forest hills stadium in queens new york ll cool j will be here tonight [ laughter ] so excited and she is a fantastic actress

next slide, please, t.j. rand paul, baylor university. $2,900 in 1984. $29,000.w, it's been hiked up by 457%. you have mike rounds from south dakota. i wanted to get -- i wanted to get state colleges from across the country, from louisiana to west virginia, here in south dakota. a 359% increase from when senator rounds went to south dakota state university to today. and for the elites, elite schools, if you go to yale university, like most republican populists did, yale or harvard or princeton, the tuition has been hiked 216%. these numbers are indefensible. i just -- my only point is this, jonathan lemire, like, go ahead. if you're going to do debt forgiveness, do it in a way that tells the universities, we're going to forgive this debt, but here's the deal, if you want universities to be able to take part in the loan program, state colleges, you're going to have a fixed fee. maybe it is a $5,000 tuition. private universities, $10,000. you don't like that? that's fine. you don't have to do it. you don't have to be part of the federal loan program. we're no longe

so they are gunning for t.j., but they are gunning for bed bath, because, remember, again, the overlapthe parabolic move with bed bath, and historically, we had a big decline after tillway went parabolic. >> and beyond meat. and there is the move in bed bath, and stunning, because when they got rid of the ceo, and it was one of the worst moves. >> in my experience, there is that you can count on one hand in the 30 years i have and idzed retail, one hand when you get to that number, they make it. >> and they said that citing the new buyings. they are not considering that, and only amc. >> well, they will stay the main street bets. >> they were citing the new buying from ryan cohen, and it is not new buying, and the options he put on early february and march, but the stock, it does not matter, and to your point, they should figure out any way to sell the new stock. >> and david, put yourself in the head of the short seller being squeezed here. he is obviously calling at this point, and maybe calling the limited partners or her limited partners, and saying, look, i got hurt badly, and oka

nord nordstrom, huge glut you can by their stuff at t.j. maxx for fraction. >> this morning, gap, you can see it's responding pretty well. >> without a ceo they do much better >> apparently. interim ceo. >> sales where down 8.4% year over year, adjusted gross margin down 330 basis points. they seem to be saying more or less positive things about their cost-cutting initiatives and their overall views. >> i think they're an outlier, david. >> they are reducing inventory levels and continue to rebalance. >> a new ceo came in it maynot be the right market. a new ceo came in and changed things rather radically, rather than bringing in a lot of inventory when they had done willy-nilly. they don't address the issue, which is driving me crazy. i was trying on a sweater in gap, there was a guy next to me trying on a sweater, he walked out with the sweater >> i want to spend time on pfizer and moderna >> let's go dell because dell's consumer. >> and dell is going to be down. >> the stock is being read wrong, the stock was at 55 last night, it's going

. >> t.j., thanks. >>> coming up here on "gma," the tech ceo once hailed as a hero, forced to step downallegations of sexual abuse. what his ex-wife is telling "gma" this morning. we'll be right back. this mornin. we'll be right back. like going for bold without going broke... and staying true to your taste while staying on budget. who says rising costs means lowering the bar? settling? no need. get the brands you want, the prices you want, whenever you want. tj maxx where you can always afford to be you to the maxx breakthrough heartburn... means your heartburn treatment is broken. try zegerid otc. it contains the leading medicine to treat frequent heartburn, uniquely designed for absorption. get all day, all night relief with zegerid otc. (christine) my son really had to be head of the household because i became a dependent. my tip is every time i want to smoke a cigarette, i would think of my children. ( announcer) you can quit. for free help, call 1-800-quit-now so we need something super disctintive. dad's work, meet daughter's playtime. wait 'till you hear this— thankfully, meta p

even the discount store when you can get calvin klein, 60% and t.j. going there as much for the discounts. some retailers are doing fine and were not. stuart: i'm not going to consider bed bath and beyond the retail i know it is a retailer but is not a regular retail. applicant 37. >> is a 440% this month. this is the news retail traders are encouraged the gamestop chairman brian cohen placed a bet at bed bath and beyond shares could go as high as $80 so you have call options, they expire in january. the fundamentals of this company are terrible. and very little liquidity, why would we sell you irons and laundry baskets were not confident you can pay us for our items in luke capital put out a note and say shares are worth 1 dollar. what is a hail mary pass for bed bath and beyond as the stock is up 400% this month, sell shares, pay down debt and that's exactly what the other means stocks to a few times, gamestop in amc for instance. stuart: is a mall story, it's a gambling chip. that's my opinion, that's what it is, there is nothing there. >> up yeste

it's a big week for retailers walmart, target, home depot, lowes, t.j.s fargo for wealth and investment management darrell cronk, what you make of earnings season in your expectation for your retailers this week. >> good morning dragon earnings season has been strong, 90% of the s&p 500 companies reported earnings nine and a half to 10% which is significantly above what we estimated coming into the corner this is about 5 - 6% revenue strong at 13% growth that is looking backward when the important point looking forward, most of the retailers have created announced most of an expectation but there could be challenged spending in the wallet has been shifting from goods to services which is in going to favor them were also going to see the impact of the high inventory they have been carrying with the labor challenges finding and staffing at stores i think it be really key and interesting in hearing can they sustain the margins and looking forward as we go through very important back-to-school spend and set up for the holiday spend the back half of the year

t.j., he cued the plane, cued everything. >> gorgeous. >> how does he do it? don't know. >>> we have good news for drivers at the pump. gas prices have fallen for 58 days in a row. aaa is reporting the national average for gasoline is under $4, holding at $3.99 a gallon. couple the gas prices news with the better than expected numbers in july's inflation report. is there relief on the horizon? >> let's bring in former treasury official and "morning joe" economic analyst steve rattner. let's talk, first of all, about yesterday's inflation report. what do you got for us? >> well, let me try to unpack it a little for you, joe. sometimes these inflation numbers are confusing. month over month, year-over-year, especially when you have so much going on in the economy. if you start with the chart on the left, the red line is the -- is what is happening month to month, from june to july in this case. you can see, hopefully, that the red line has gone all the way down to the zero line. in other words, there was no inflation from june to july. why was there no inflation

. >> t.j. up this morning. >> yeah, there's that. >>> from poll workers to capitol police officers to fbi agents, the modern day republican party has seemingly left no stone unturned in recent years when it comes to unleashing violent rhetoric against public servants. now, there's a new target of the party's attacks, irs employees. in recent weeks, a baseless conspiracy theory propagated by top gop leaders has spread to all levels of the republican party. it's a lie. responding to the new funding for the irs and the recently passed inflation reduction act, republicans have united around a lie that 87,000 armed irs agents will soon come breaking down the doors of middle-class americans. in reality, most of the new funding will be put towards higher desk workers to enforce tax laws against the highest paying americans. >> the richest americans. >> that hasn't stopped key republican voices from spreading lies about a federalized militia. >> are they going to have a strike force that goes in with -