t.j. maxx and marshalls posted second-quarter profits that beat estimates. t.j. maxx also raised its sales forecast for the entire year. the company said the third quarter is "off to a solid start." you can probably thank my mom for that. scarlet: all grandmothers across the country. two more u.s. senators say they are opposed to the iran nuclear deal but the majority leader admits it will probably pass to in a "washington post" op-ed today, senator bob corker of tennessee calls on congress to reject the plan. new jersey senator bob menendez says he will oppose it as well. senator chuck schumer is another. mitch mcconnell says there are probably not enough votes to override the expected veto. make 6me lenovo plans to million a year at a factory in southern india. india is a booming market for smartphone makers. plus, the government has offered to tax breaks. that always helps. alix: the force will be with you on japan's largest airline this fall. they will start flying a boeing 787 painted with the image of the famous robot from "star wars," r2-d2. oh, my god, tha

. >> reporter: also tomorrow we'll hear from dick's sporting goods and t.j. maxx. and thursday sears is scheduled to report as well as the gap. we'll get second quarter results on friday from footlocker. a rising dollar for some of the bigger names which do a lot of international business like walmart and gap, during the first half of the year, but with china devaluing its currency last week, chinese imports coming into the united states should be a bit cheaper, which might serve to lift the retail outlook going into the second half of the year. fed watchers will alsoing looking for signs of confidence moving forward. the thought is, if the labor market is stronger, and if consumers are beginning to spend more money, that could lead to higher price inflation. something the fed says has been missing from its equation that it needs in order to raise rates. i'm courtney regan for "nightly business report" in new york. >>> qvc did some shopping of its own. zu lilly known for flash sales is being purchased by liberty interactive qvc network, more than $2 billion. the ce

they will go to macy's for target or t.j. maxxk but not necessarily in des moines, iowa. brendan: you see consumers is cyclical and not subject to long-term trends? guest: you always by retail when the world is coming to an end. that is the best opportunity. last yearerperformed which is why this year you have a night big rebound. julie: so this would not necessarily be the time to buy retail? guest: i don't think so, especially considering from a relative valuation standpoint we are at a multiyear high. frombrian belsky with us the moke capital markets. from the capital markets. stay with us. ♪ tom: our twitter question on yuan. let's make it more narrow. michael mckee carries in his wallet vietnam dong. we have never done that before, folks. here is the weakness of the vietnam currency against mighty china, and even vietnam prospers and improves over this devaluation by china. very cool. brendan: and you have seen american investment into vietnam. there is the possibility of the tpp passing. tom: that gets us to the top headline

we are opening six this fall season to compete with nordstrom rack and t.j. maxx.s reported second sales -- second-quarter sales unexpectedly fell. hedge fund manager john paulson made billions betting against subprime mortgages and are profiting from another u.s. housing bet, owning land. he has acquired 35,000 lives since 2009. his company shifted towards selling last year. now, that pace is accelerating. his funds have invested $770 million in lots bought out of bankruptcies. activity of the whole central nervous system of a complex organism has been captured on video for the first time. a fruit flyng in larva's nervous system. the organism and has two cameras recording. they are hoping to see how brain and neural activity control behaviors. with home cooking and baseball for the first time ever , all 15 hone teams one last night. won a deal valued at $9 billion -- how will the deal help the banking technology provider? pivoting back to our top economic story today, china allowed its currency to tumble even more, sending investors fleeing chinese and emerging ma

t.j. maxx and marshalls helping pull up ross stores apricot sales rose twice the than estimated.fter sales rose twice than estimated. the company has done well on the inventory side, getting a lot of inventory other release did not want -- retailers did not want because of the west coast port shutdown. hand, there is walmart, coming up with numbers that disappointed. their sales were stronger than had been estimated by analysts. the company was hit by currency, hit by higher costs to pay its workers as it raises pay. it was also hurt by a higher rate of shrinkage. stores -- shares down by 3%. coming out stronger than estimated, showing a recovery. home depot has been benefiting from the recovery in the housing market. the company raised its earnings and sales forecast for the full year. there has been a lot of talk this year about consumer discretionary outperformance. it's been one of the best-performing groups of the year. i want to delve more deeply into that. it's one of the 10 industry groups in the s&p 500. you get 24 groups. the best-performing of those is indeed retail co

tjx, the parent company of t.j. maxxarshalls, posted second-quarter profits that beat analyst estimates. the company raised its sales forecast for the year saying the third quarter is off to a solid start. nearly one fourth of republican voters now say donald trump should be the party's presidential nominee. he is backed by 24%. earlier we spoke with former oklahoma governor about the trump phenomenon. interesting how antibusiness and anti-big bank a lot of people are. and yet trumps success is mystifying to me. a billionaire -- olivia: jeb bush is the only one who also has double-digit support. he has 13%. announcing the schedule for postseason play. once again the world series will be contested in november. the fall classic will start on october 27 in the american league city with the seventh game, if needed on november 4. macy's is taking on amazon by upgrading their fitting rooms with high-tech gadgets. but will this get more people off-line and into stores? then more and more people around the world are eating farme

>> i still like t.j. maxx. we will talk about housing later on.sing is still really rocking and i like a lot of stocks. one family is living in public housing making $500,000 year and the government has no problem with it. how come that is the case? it is a social experiment. we will be right back. at ally bank no branches equals great rates. it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. tsummer event is here. now get the unmistakable thrill and the incredible rush of the mercedes-benz you've always wanted. but you better get here fast... yay, daddy's here! here you go, honey. thank you. ...because a good thing like this phew! won't last forever. see your authorized dealer for an incredible offer on the exhilarating c300 sport sedan. but hurry, offers end august 31st. share your summer moments in your mercedes-benz with us. at ally bank no branches equals great rates. it's a fact. kind of

julie: the owner of t.j. maxx and marshalls up after each reported earnings and they beat analyst estimates. it still gets about three quarters of its sales with outlets in canada as well. comparable sales rising twice as much as estimated, an increase of 6% and performing very well. the company also benefited from something that hurt a lot of other retailers -- west coast port shutdown. it got more inventory at a better price. coach today,at jefferies adding it to its list today. jefferies points out there is an inverse coalition between handbags and shoes sales. if women want to spend on accessories, they pick one or the other. pimm fox looks skeptical on that item. coach should benefit as it remodels or of its stores. also looking at dick's sporting goods. this company came out with earnings that beat estimates. we have seen athletic apparel and goods performing quite well. shares giving up a little bit of their gains. i was thinking about retail and looking at performance year to date. the 10 to look at indust

betty: the parent company of t.j. maxx and marshalls posted second-quarter profit that beat wall street estimates. raised its forecast for the entire year and the company said the third quarter is off to a solid start. it looks like the housing industry is picking up steam in the second half of the year. new home construction was up last month to the highest level of normal state years. is 1.2 million homes and beat estimates and buyers are being attracted by low mortgage rates and i lack of homes on the market is persuading builders to start new development. mark: mid-atlantic banking leader bb&t says it may take a breather on m&a activity. earlier this year, they won approval for its deals with kentucky financial and susquehanna bancshares. we discussed the deals earlier and bank consolidation with their ceo. >> we are really excited about these three. 2 of them being fairly large. to make sure we get them properly executed. they are experienced at acquisitions, we have done 80 or so in the last three years so we know wh

growth at t.j. maxx the only bright spot has been l brands who has been able to see growth on earnings and revenue despite competing in a very heavy promotional environment. >> the multiline sector is booming too and that was reflected in market's numbers. why is that sector doing so well? >> the multisector i suspected to see double digit growth be near 30%. target saw over 50% growth in earnings yesterday. but the dollar stores, the consumer is all about values right now and that's why dollar tree and dollar general are poised to pose double digit earnings growth which is very impre impressive. also the internet and catalog sectors are expected to do well where as on the flip on personal care are losing market share. >> which part of the retail story do you think is our best position to benefit from lower gas prices? we're looking at wti crude trading at $40.27. that's a fresh six year low. >> well t lower gas prices is helping the low end consumer which is driving them to shop more at the dollar store

these are from t.j. maxxrings work perfectly for if '60s. >> the mod world. >> it's a mod, mod world. >> you look adorable. >> we're going boho. we saw it this summer. it's continuing so strong. it's all about global inspired prints. these are prints that if you went away to vacation in morocco or someone somewhere exotic. this is navila and she looks beautiful. this is dress is from band of gypsies under $100. this topper is from forever21.com. so it's mixing prints. and she can pull off anything. this great hat, the felt hat, is a huge trend. put that on her. oh, yeah. >> how cute is she, right? >> that's way better, thank you, kathie lee. >> do i have to do everything? >> you do. >> last but not least my favorite trend for fall is fringe. >> that's a lot of fringe. >> isn't this beautiful? >> it's playful. >> it's from century 21, super affordable. >> is that carolyn? >> sweetie, we don't want to overdo the fringe right? >> right. just one thing. and if you don't want to wear it, these boot, how cute are t

take a look at t.j. maxxepot, leading the way, they reported strong earnings, increased comps coming out this morning, before the bell, and ross stores and ulta salon doing well as you can see on your screen. names like tjx companies are hitting record highs, walmart hit a new low after the company cut full year outlook. what does the company's earnings tell us about the state of the economy and the consumer and how are back-to-school sales shaping up? joining me is hitha herzog and baron's senior editor jack hough. walmart is a retailer that survived in a rough economy. they get a lot of pressure from amazon? >> they are, the comps have been pretty good since 2013. same-store sales increasing the last couple quarters. now they're having a problem, and one of the reasons is amazon, the other reason is as you remember, they're increasing those wages for their full-time employees, and while that's a great move on their part to take care of employees, have you medical costs that are going to rise for them. the w

what she caught this man doing at a local t.j. maxx. s speed from xfinity, it's all good.y don't we do some homework for a change? gary, you too. dad...work stuff. yes! [laughs] lovin' the new design! konichiwa hirosan. five minutes... all this speed is very empowering. check out the new hardware. with the fastest, most reliable in-home wifi, xfinity is perfect for people who need to get a lot done at home. >>> college students will be headed back to campus soon. for the first time new sexual assault protections will come with them, all thanks to the campus save act. the law spearheaded by senator bob casey of pennsylvania. it requires uniform reporting standards for sexual assaults on college campuses and requires schools to provide clear guidelines to students outlining sexual violence policies. >> it gives not only new students who could become victims the information they need to act when they are a victim, but also to prepare the whole campus or community to take steps to prevent this in the first place. >> this is the first school year the law will be in effect. >>>

take a look at this surveillance video showing a man in a t.j. maxx store in marple township. she tells police she saw a man squatting on the ground behind her with his cell phone in video mode. as she began to question the man he walked right out of the store. >>> meanwhile, a group of delaware firefighters are in california right now helping battle forest fires sparked by lightning. the delaware forest service sent a team to help get the flames under control. so far the damage from the fires have burned more than 11,000 acres. at least 20 homes have been destroyed. fortunately, no one has been injured. >>> also from the nbc 10 news delaware bureau, new rules to protect businesses from snooping on employees. a new bill signed today by governor jack markell makes it illegal for employers to force workers to give up passwords or give their bosses access to their personal facebook, twitter accounts or other online social media accounts. the package of privacy bills signed today include one that stops businesses from using the internet to market potentially harmful products direc

tjx, owner of t.j. maxx and marshalls, reports second quarter corner wee earnings.stro will hold a meeting to discuss the 10 year anniversary of hurricane katrina. it has been a decade. the american petroleum institute releases its weekly inventories report. it is a key indicator, today especially as we see oil come down below $42 a barrel. opec saying, we can't cut production. cory: it is a weird time for refineries. matt: it is a weird time at the gas pump. we are seeing the crude price takedown and prices at the pump are rising. k down and prices at the pump are rising. $4.89. saw gas at matt: maybe you should get a tesla. cory: i will not. but thanks for that suggestion, matt miller. technology.ng -- that story next on market makers. ♪ >> you're watching market makers. i'm vonnie quinn. it is boosting its forecast. trading higher by more than 3%. salessaying that comp were up 6%. that is double the estimates. the ceo said in the press release that the third quarter is off to a solid start. home goods is one of the areas where they are seeing the best improvement

t.j. maxx good. consumer discretionary finished as the best performer.beat and optimistic. housing starts near an eight-year high. permits were down double digits. >> the home builders have done fantastically year-to-date. they are all up 20% year-to-date. pulte is the only one down. >> bill mueller has been bullish on home builders. gundlach reiterated his view homeownership in this country may not be coming back to anything like we've seen if that it's case and diana olick has been doing a ton of reporting, if we are moving into a rental-driven market, what implications does that have here? >> i think the gundlach view is long term on the structural, not millennials not buying homes which diana calls renter nation. temporarily the housing market is doing well. cramer was talking this morning saying banks are causing the change in behavior and they are lending more. they are giving out more mortgages because they are gearing up for a better economy and a fed interest rate hike and more ways to be profitable. that's driving numbers like we saw today. yes

the parent of t.j. maxx, tjx, and home depot hitting records fueled by strong quarterly earnings., cosmetic retailer, alta -- you'll at that. foot lock are also up there. one retailer tanking. abercrombie & fitch shares hitting a six 1/2-year low today. the chain suffering nine quarters of falling sales. restructuring management. creating six new positions. bringing in outside design talent from the likes of club monaco ownedly ralph lauren trying to resuscitate that brand. quick look needing resuscitation, stock market. losses across the board. they're not that bad, coast to coast. >> is secretary clinton going to be the democratic nominee? >> i don't think so. democrats need to worry about sanders because if he keeps running and keeps gaining momentum, and he keeps gaining supporters, there is a morning where he in fact becomes genuinely formidable. >> whoever would have thought bernie sanders formidable. newt gingrich doesn't think hillary clinton will be democratic nominee but remember where you heard all of that first. >> i'm willing to wager a double quarter-pounder. not tha

downtown new orleans after 10 years we just got a t.j. maxx.e of these major companies are on the outskirts in other cities, they look like they ran. they went out of slidell. but they did not come downtown to the ninth ward. they didn't get into the city. it took years for recovery. if you did not have transportation that you had to rely on other people to help others -- you had to rely on others to just do the basic shopping. host: if you go to the papers this morning, there is a picture in the paper of the ninth ward, as you heard our viewer talk about how it was flooded back in 2005. this is september. if you go to the new york times, this is the ninth ward and now. this is 2015. of course the water is gone, some of the interceptor has been built back. some of what our viewer was talking about. if you're joining us right now, 10 years ago hurricane katrina hit. it affected new orleans primarily, louisiana mississippi. we wants to get your thoughts. (202) 748-8000 for the week -- louisiana residents. (202) 748-8001 for louisiana -- sippy res

look at t.j. maxx, up 6%, american eagle up 11%. target, blockbuster numbers.dance for the current quarter. >> yeah. >> i think you're seeing a totally different picture from what retail has reported or at least the standouts in retail have reported. >> but enough, enough uncertainty in the numbers and enough data conflicting that it would be prudent for us to think about it for a little while longer and make sure it's not a blip on the radar. it's a long-term -- >> real quick guy, make it actionable for us. what are the guys. what do you do here? >> it continues to be mastercard and visa. that's the way to play it. they have no credit risk. it's a transaction-based company. no still work. mcdonald's we talked about this, two weeks ago, we said something odd is going on in terms of the price action. and i continue to think that the refiners work. they were down tosoro and valero. there's action for you. >> i love it. michael block, a quick last word to you. >> yeah, with me still in the lower for longer camp, i've lite the reits here. you want to start playing

downtown new orleans after 10 years we just got a t.j. maxx.ompaniesese major are on the outskirts in other cities, they look like they ran. they went out of slidell. but they did not come downtown to the ninth ward. they didn't get into the city. it took years for recovery. if you did not have transportation that you had to rely on other people to help others -- you had to rely on others to just do the basic shopping. papersf you go to the this morning, there is a picture in the paper of the ninth ward, as you heard our viewer talk inut how it was flooded back 2005. this is september. if you go to the new york times, this is the ninth ward and now. this is 2015. of course the water is gone, some of the interceptor has been built back. some of what our viewer was talking about. you're joining us right now, 10 years ago hurricane katrina hit. it affected new orleans primarily, louisiana mississippi. we wants to get your thoughts. week -- -8000 for the new orleans residents. (202) 748-8001 for louisiana residents. (202) 748-8002 for mississippi r